welcome to power lunch alongside julia boorstin, i'm tyler mathisen. trump's media company, that one is up 70% this week. we will look at whether it could be different this time. >>> plus the disney drama. the company settling a long running legal dispute with allies of governor ron desantis. today adding hulu to disney plus. all of the company face

i'm tyler mathisen. here's what's ahead on a busy wednesday.s than 60 minutes to go to the fed's decision on interest rates. no move expected on that front, but the markets could move on what chair powell says. and our panelists are looking for some very specific clues from him today. and we will tell you what they are. >>> plus, reddit, the first major main stream company set to ipo this year in the tech area. one guest says he wishes it wasn't. he's here to explain what he means by that. >>> shares of chipotle topping $3,000 on a historic stock stick. these all ahead. >>> we begin with dom chu with some numbers. >> they are numbers in the green, but very modestly so. you can't get much more in a holding pattern than we're at right now. let's go through the percentage gains. it's about flat, flat, and flat for the dow, the s&p, and the nasdaq. the dow currently at 39,158, up 50 points, that's the outperformer. we're spot-on up two points in the s&p to 5181. and just for context, again, very tight trading ing range, o up six points for the s&p,

i'm tyler mathisen with your cnbc update this hour. >>> joe biden's campaign will hold a star-studdednd-raiser today at radio city music hall in new york stay out of that neighborhood. that will include two of his predecessors, president obama and clinton, as democrats set their sights on the general election later this year the fund-raiser is slated to bring in more than $25 million and will work to boost biden's re-election campaign as he faces concerns about his able and other things >>> representative mikey cheryl says she will introduce a bill tomorrow that would keep any federal officials from accessing classified information the guard act targets senator bob menendez who faces 18 federal courts but also president donald trump, who will receive intelligence briefings >>> pope francis appeared to look strong as he urged priests to treat worshippers with mercy during mass at the vatican this comes after a string of health issues over the past winter and a busy weekend ahead with of course, the easter holidays wolf, been great having you here this week. >> my pleasure thanks for th

alongside contessa brewer, i'm tyle ty tyler mathisen.ree different schools of thought. more on that later. >> slice and dice it up. that's what we'll do. the olympic ceremonies are hitting the big screen. i'm talking a really big screen. i imax is going to show the opening ceremonies. only the recent exampl

i'm tyler mathisen with your news update. united states is preparing a military aid package for ukraine, according to reuters. it could be valued up to $400 million, with an announcement expected later today. it is the first movement in months since additional funding was blocked in congress and it comes as the financial times reports the european union is close to reaching a deal for more than $5 billion in military aid. >>> lawyers for former jeffrey enstain associate gillain maxwell are arguing that she was protected by a nonprosecution agreement between epstein and prosecutors. >>> after weeks of testing, the irs has finally launched its e-filing system for taxpayers in a dozen states. a direct file is a free online tool. people have very simple w2 claims and claim a standard deduction may be eligible to use it this year. brian, back to you. >> tyler mathisen, thank you. >>> on deck, today is equal payday. that is the date that symbolizes how far in the year women must work to earn what their male peers work. on average,

i'm tyler mathisen. here's what's ahead. busy hour ahead.l street building on a record setting run. our market guest says it doesn't matter when the fed cuts, that run will continue. plus, we are awaiting reddit's first trade minutes from now. duncan davidson says if it prices at the top of the range, it could price for failure. it's estimated to open up to $50.50 in seconds. we'll see what happens when the first trade crosses the tape. >>> and two reasons why netflix will dominate the streaming wars. our analysts will tell you what they are. >>> we begin with julia, who is live at the new york stock exchange, awaiting reddit's first trade. >> the first trade is expected any minute now. the trade is expected to open between $49.50 ad and $50.50, a 50% premium over the offering price of $34. it did price at the upper end of the range. we see a lot of excitement for snu over there. along with the ceo of reddit who we interviewed earlier today. now we're waiting for the first trade. tileer? >> we haven't seen this kind of excitement in a long t

i'm tyler mathisen. said today its facilities may have been the cause of the smoke house creek fire, the largest wildfire in texas history. a new statement today, the company said it was cooperating with investigators and will help those affected by the fires but denied claims that it was negligent in maintaining its infrastructure. the wildfires have claimed at least 64 homes across two counties. >>> the ntsb is looking into last month's united airlines 737 max 8 flight that had a stuck rutter pedal issue while landing at newark. the probe is just the latest trouble for the boeing 737 max product line, after the mid-air door blowout on a max 9 in january. >>> an all-woman crew staffed the flight earlier this morning in honor of women's history month. the united airlines flight from newark to sarasota was helmed by a graduate of an hcb pilot program. the group of united captains that were graduates. congratulations to them, united and back to you, dom. >> thank you very much, tyler mathisen. >>> coming u

alongside julia boorstin i'm tyler mathisen glad you could join us and this is the big story everyone a ship crashing into the francis scott key bridge in baltimore on the baltimore beltway, destroying it literally in seconds. we will get a live report from the scene and look into the economic disruption as well. >> but first let's check the markets. stocks slightly higher, shares of tesla are higher despite noted tesla bear tony sag nacki saying the stock is still overvalued

i'm tyler mathisen.arrier true confidence by houthi rebels has killed several members of the crew, according to u.s. officials. meanwhile, the united kingdom maritime trade operations said that the remaining crew have abandoned ship. it is the first fatal strike in the rebel's assaults on red sea over israel's war against hamas. >>> new york governor kathy hochul is enlisting the help of state police and national guard following several high profile crimes in the subway system. she said this will add up to 1,000 more people to the teams that are patrolling the subways. >>> new york prosecutors dropped their case mid trial against the three men accused of conspiring to possess hand drafted lyrics to the "eagles hotel california" after e-mails prompted the defense to question the trial's fairness. dom, back to you. >> tyler mathisen, thank you very much for the news update. >>> coming up, biotech stocks are up 50% from their recent lows. so how can investors still get in on that health care trade? outh, mi

i'm tyler mathisen with your news update. will be heading to gaza as a test mission for a new humanitarian aid sea corridor. the new comes as president joe biden said the u.s. military will build a temporary pier in gaza along the med trainia, as the blockade and fighting made it nearly impossible. >>> the accomplice cal group no label said it will name a presidential ticket soon. no labels says a formally process with potential candidates will likely begin next week. >>> france will use artificial intelligence for surveillance. all services will be allowed to use the technology. france, the first european country to legalize the use of a.i. intelligence. dom, back to you. >> tyler, thank you so much. >>> coming up on the show, corporate taxes and consumer costs top of the white house agenda. we'll get a trader's take on the stocks that could benefit on thigh buy three buys and a bail. so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations

alongside julia boorstin i'm tyler mathisen glad you could join us on this thursday final trading day of the week and quarter for s&p 500. up 10% best in five years and we look at some of the quarter's winners and ask the all-important question can gains keep going i >> and embracing a.i. tools. tried it out wait until you hear demi lovato sing about the s&p 500 play that for you coming up. first a check on the markets dow up, s&p is 500 up a hair nasdaq down 24 points. just a hair. >>> here are the q1 numbers for major averages with only two hours left in the trading, left in the quarter tyler over to what's going on with the markets had a crazy, strong first quarter? >> absolutely. i can't read the numbers they're so small but they're good nevertheless very good. markets have made a strong first quarter. end of last year several firms including wells fargo, nvidia, top picks. worked out stock up 80% first quarter a good decade for some stocks. ge, top bick by deutsch bank up 40% this year. boeing also a top pick on the street by citigroup bank of america, deutsch, uh-oh, boeing down

i'm tyler mathisen with your cnbc news update. the white house said u.s. israeli officials will meet early next week in washington to discuss israel's pending operation in rafah. the meeting comes after joe biden and netanyahu spoke on the phone yesterday where biden urged israel to allow more humanitarian aid into gaza as reports of famine in the area have been growing. >>> hawaii's attorney general is blaming the delay in the release of a report into the deadly 2023 lahaina wildfire on county agencies in maui. the first part of the investigation is now not expected until april 17th following delays in gathering key information needed for the report. the ag's office says it had to issue subpoenas to three county agencies over their slow response. >>> and netflix is taking viewers back inside the huddle with a new football docuseries with the perspective of some of the nfl's best wide receivers. "receiver" will follow several pla players during the 2023 season. amman st. brown, he's a lion, i knew that. john? >> so much easier when it was jerry rice. tyler

i am tyler mathisen. a new contender emerges to solve the tiktok drama. new york community bank savior steven mnuchin said he will lead a group to buy the app from the chinese owner. >>> plus a trio of real estate destroys here. rent stabilization and using a.i. to build homes and using sports stadiums -- in its latin it should be stadia. stocks lower today following a hotter than expected ppi. you have got wholesale prices rising 1/6 of a percent of her break compared to an estimate of .3. there you see the dow industrials down a third of a percent. and nasdaq composite is 1.4%. tesla, the worst performer in the nasdaq. 100 today. it is down 20% so far in march and off by almost 4% today. nvidia, right behind it. that stock has been down four of the last five days. it is almost 3% as we speak, tyler. >> let's start with the big report on squawk box. former secretary steven mnuchin says he is putting together a group to buy tiktok. he said it will cost a lot but he thinks he can make it happen. >> it is worth a lot of money, let me just say. i think the n

welcome to "power lunch" alongside contessa brewer i'm tyler mathisen. glad you could join us. coming up, doj taking aim at apple. worst day stock since august. more on this in a minute. >> plus, ftc, long-awaited supply chain affecting walmart, amazon kroger and others. we'll have that for you. >> first a quick check on markets. moving higher today following yesterday's fed decision. record highs now across the board. dow up 312 points at 39,824. almost at 40,000. s&p 500 up 24 about a half percentage point there and nasdaq higher by also about a half percentage point at 16,440. >> as for the s&p now, a quick power check on the positive side. micron surging on a big beat on negative side darden restaurants missing on revenue. look at that. darden off by 6 1/3. we have more on both of those names still ahead today. >> all right. begin, however, with reddit. exciting day for that company marking the first social media ipo since all of way back in 2019. five years ago. shares opening at $47 apiece. beyond social media a lot of discussion around its role in the a.i. area. listen t

i'm tyler mathisen. here's what's ahead on a busy hour.lation concerns front and center this week, after both consumer and wholesale prices stayed hotter than expected. the consumer also showing signs of stability, pressuring stocks, and rate-sensitive technologies, shares in particular, propping up yields on bonds as well. the ten-year climbing more than 20 basis points since monday, now back above 4.3%. we'll dig into the implications for investors and the fed ahead of next week's meeting. >>> the national association of realtors is reaching a settlement that some experts say will change the real estate market as we know it. zillow shares plunging on the news. we have details on the big news out of the world of real estate. >>> after an faa audit found multiple violations, deliveries disappointed and a mid-air mishap injured dozens, boeing shares having their worst week since that january door plug incident. but, one shareholder is sticking with the stock. he'll tell us why. but we begin with today's market action. for that, we go to dom

welcome to power lunch alongside julia boorstin, i'm tyler mathisen. is meme media making a comeback? former president trump's media company, that one is up 70% this week. we will look at whether it could be different this time. >>> plus the disney drama. the company settling a long running legal dispute with allies of governor ron desantis. today adding hulu to disney plus. all of the company face as proxy fight at next week's shareholder meeting. a lot to discuss. let's take a check on the markets. the dow and s&p 500 are trying to snap three session losing streaks. >> but while the s&p 500 has gained 10% so far this year, it's remarkable that's happened with one of its biggest components falling 10%. probably is the biggest component. here with more on why apple has gone from market leader to market laggard is steve kovach. >> apple started on top of everything. they had to launch the vision pro. returning to sales growth for the first time in a year. the largest market cap in the world. many of them from governments around the world have humbled ap

i'm tyler mathisen. inflation is sticky. the labor market showing signs of resilience and the consumer is still spending. the market sees the fed's first rate cut in june, three maybe for the year. one former new york fed analyst thinks that may be an overestimate. he'll tell us why. the so-called tiktok bill now on its way over to the senate. will the senate take it up or not? we do know that one billionaire has laid out plans to buy the social media company itf that bill becomes law. >>> the fate of the social media company in the u.s. and the impact it could have on the upcoming elected. >>> a meat makeover. a plant-based one, that is. the company moving into the red, not in terms of meat, in hopes of converting more carnivores. dom chu with the numbers. >>> it's red across the board right now, but we saw kind of both sides of that unchanged line overall. the way that we want to look at it, the s&p is relatively stable. there are no records today, but we're still within striking distance of those record highs especially f

i'm tyler mathisen with your news update.n russia's energy sector in months, ukraine attacked russian oil infrastructure with drones, causing a fire at a large refinery. ukraine has been upping its attack on russia's energy infrastructure in recent months in an attempt to cripple its key source of income. the strike comes just as eu nations today agreed to $5 billion in additional military aid for ukraine. >>> don lemon is out now at x, the former cnn anchor signed a content partnership but said today after taping his first episode of the don lemon show with an interview of elon musk, that musk cancelled the partnership. lemon said future shows will appear on youtube. musk has yet to respond. i wonder what went on there? >>> and 20 tons of seized drugs were destroyed in peru. the country's president says they were seized by the country's national police between september of 2023 to the beginning of this year. more than 60% of destroyed drugs, well, consisted of cocaine and meant for the european and north american market. bag

i'm tyler mathisen. here's what's ahead on a busy wednesday.s. no move expected on that front, but the markets could move on what chair powell says. and our panelists are looking for some very specific clues from him today. and we will tell you what they are. >>> plus, reddit, the first major main stream company set to ipo this year in the tech area. one guest says he wishes it wasn't. he's here to explain what he means by

i'm tyler mathisen. here's what's ahead. busy hour ahead.ing run. our market guest says it doesn't matter when the fed cuts, that run will continue. plus, we are awaiting reddit's first trade minutes from now. duncan davidson says if it prices at the top of the range, it could price for failure. it's estimated to open up to $50.50 in seconds. we'll see what happens when the first trade crosses the tape.

i'm tyler mathisen. here's what's ahead on a busy hour. and center this week, after both consumer and wholesale prices stayed hotter than expected. the consumer also showing signs of stability, pressuring stocks, and rate-sensitive technologies, shares in particular, propping up yields on bonds as well. the ten-year climbing more than 20 basis points since monday, now back above 4.3%.

i'm tyler mathisen. inflation is sticky.g signs of resilience and the consumer is still spending. the market sees the fed's first rate cut in june, three maybe for the year. one former new york fed analyst thinks that may be an overestimate. he'll tell us why. the so-called tiktok bill now on its way over to the senate. will the senate take it up or

alongside contessa brewer, i'm tyle ty tyler mathisen. we're going to break down a single stock with three different schools of thought. more on that later. >> slice and dice it up. that's what we'll do. the olympic ceremonies are hitting the big screen. i'm talking a really big screen. i imax is going to show the opening ceremonies. only the recent example of theaters branching beyond film and into events. we'll discuss that with imax's ceo. >> the three are mixed with the dow down about a half a point. the s&p 500 is flat, and then nasdaq up by .36%. the do you is still remarkably close to that 40,000 milestone. >> the components make up the majority of the moves. you had apple moving on the doj suit. as you can see today, it's up .75%. boeing's ceo, the stock up almost 3% today, and disney is having drama with its board off. >> we have a screener highlighting the dow names most likely to push us over 40,000 based on the targets. they include, interestingly, boeing, united health, nike, apple, and amazon. >> let's delve into one of thos

alongside julia boorstin i'm tyler mathisen glad you could join us and this is the big story everyone is talking about today. a ship crashing into the francis scott key bridge in baltimore on the baltimore beltway, destroying it literally in seconds. we will get a live report from the scene and look into the economic disruption as well. >> but first let's check the markets. stocks slightly higher, shares of tesla are higher despite noted tesla bear tony sag nacki saying the stock is still overvalued, cutting his price target even further down to $120 a share. it comes as elon musk wants to provide drivers with a free month of the company's latest driver assist system >> we begin, however, with that baltimore bridge collapse. and let's get rate to eamon javers, who is there at the scene. hi, eamon. >> tyler, still six people unaccounted for here in baltimore, maryland. and we've seen the coast guard helicopters circling the scene here all day through the morning and now into the afternoon looking for any potential survivors, any victims of what happened here this morning take a look at

i'm tyler mathisen in for kelly evans. here's what's ahead. not a bubble but bubbling.ay's market. but that doesn't mean you can't still find sof bargains. he's looking for them. >>> plus, shares of tesla down more than 30% this year. should you by the dip or steer clear as the ev winter continues? and elizabeth warren once again goes after the company. >>> it's been a big week for the builder stocks, but our analyst brings a surprise name not in that secto