i'm tyler mathisen with your news update this hour.president trump lost a bid to they his april 15th hush money trial this morning, while he appeals a gag order in the case. an appeals court judge made that ruling and barring any more court action, it means jury selection will begin next week. trump also lost a last-minute attempt to delay the trial by requesting a change of venue from manhattan. >>> jennifer and james crumblee, parents of the michigan school shooter were both sent toensed to 10 to 15 years in prison. they are the first parents ever to be charged and convicted in their child's mass shooting. >>> mt. etna is putting on a show, spitting out smoke rings in the skies over sicily. they are technically called volcanic vortex rings. rare but natural. nearly perfect circles of gas. mt. etna known to emit more than any other volcano on earth, inspiring locals to rename it the lord of the rings. now out to rick sen telli. >> muni money indeed. we have a special guest today. david hammer is head of muni portfolios, and i would li

i'm tyler mathisen in today for kelly evans. here's what's ahead.cks are bouncing back today, but our market guest says proceed with caution if you're all in on one particular trade one trade in particular. she tells us what it is and how she's positioning from here. >>> high rates continuing to put pressure on the overall housing market, but not the builders dr horton raising guidance, the higher is the stock today. but with the 30-year mortgage rate at 7.5%, can those gains continue our analyst is bullish and will make his case. >>> the consumer not slowing down when it comes to traveling. alaska air's ceo joins us in an exclusive interview to talk about that, about boeing and more but we begin with today's markets and our friend, bob, at the new york stock exchange. hey, bob >> tyler, a pleasure to see you. we started flattish. we bov moved up in the middle oh day and losing steam we are flat on the day after being up about an hour ago the economy is still good, but the yields are still elevated. i think that's a problem here. we were up a lot mo

i'm tyler mathisen.econd quartercontinuing today with the dow down about 479 points right now. unitedhealth, a huge drag on the index, costing the dow more than 200 points all by itself. changes to medicare rates weighing on the health insurers today. we'll have more on that coming up. >>> big tech also tumbling today. the nasdaq down more than the s&p on a percentage basis. and the so-called speculative tech trade is getting hit particularly hard. it's a bad day for cathy wood. her arc innovation fund is down 3% and tesla, one of her biggest holdings, and its falling after delivery numbers disappoint. >>> we also have coin base fallin

i'm tyler mathisen.bounding from yesterday's late day selloff, following a stronger-than-expected jobs report. why are the markets liking a report that seems to give the feds cover to stay higher longer? we'll discuss. >> plus, we will be joined onset by don peebles. while many are worried about the commercial real estate market, he thinks that now is a great time to buy. first let's get a check of the markets. they are

. >>> now to tyler mathisen for a cnbc news update. ty? >> september 10th we'll be back in the nfl season. prosecutors have called another witness to the stand in donald trump's hush money trial this afternoon. keith davidson was the former attorney for both karen mcdougal and stormy daniels. and a key player in the alleged conspiracy as a source for former national enquirer editor in chief dylan howard. >>> walmart will close all of its health care clinics nationwide because of rising costs and challenges with reimbursements. two sources told cnbc all 51 clinic locations across five states will close over the next 45 to 90 days. it comes after they announced it planned to open 22 more locations this year, and even more in 2025. guess not. >>> and eight prominent u.s. regional newspapers are suing openai and microsoft for copyright infringement. they allege openai and microsoft used articles without permission to train chatgbt and co-pilot. it's a similar argument to the one "the new york times" made in its suit against both companies back

i'm tyler mathisen stocks rebounding, continuing to turn around.terday. th

i'm tyler mathisen in for kelly evans. here's what's ahead. busy hour in stock for you stocks higher, yields lower, investors digest mixed economic data business activity in april grew at the slowest pace so far this year, while new orders fell for the first time in six months companies also scaled back jobs for the first time in almost four years but manufacturing input costs hit a one-year high. services demand remains strong what does this mean for the fed? our economist also make the case for a july interest rate cut >>> meanwhile, home sales the highest read since september, as builders pull back on prices, and offer incentives we old 'll talk to the ceo of h hughes holdings. >>> and tesla, the stock hitting a 52-week low yesterday. but one shareholder finding a few silver linings and a vote of confidence for elon musk what has her bullish, coming up. >>> before we get to that, let's get to dom chu for a check on the market action. >> oh a strong folio lineup to yesterday's rally, a solid 2% above the levels that we saw just on friday so

i'm tyler mathisen with your news update at this hour.nology company smart mattek and far-right network one america news have reached a settlement. both parties confirmed that confidential settlement, ending the defamation lawsuit. >>> dubai international airport diverted arriving flights after nearly four inches of rain tell over 12 hours in the united arab emirates on tuesday. what dubai normally gets in a year. this is according to data from the u.n. a storm flooded out highways, suspended operations at the airport for nearly 30 minutes, while in ohman, the death toll from flooding rose to 18. >>> cowboy carter is giving jeans and cowboy boots a new life. bey beyonce's first country album features levi lejeans, and sale increased 20%. and western style boots were up 24% the same week. john, i expect to see you in boots soon. >> it might happen. i haven't seen people this excited about country music in a long time. >>> coming up, there are still a million things banks haven't done. byn melon, america's oldest bank, founded by alexander

alongside contessa brewer, i'm tyler mathisen. glad you could join us.he dow getting help from united health after its earnings were out. new comments from jay powell about a lack of progress on inflation is tripping up stocks in a bit. >>> the focus is back on earnings, the fed for today, the geopolitical tension is taut. israel has not yet responded to iran's missile attack. we're going to talk to the head of emerging risks for a global insurance brokerage about the threats to business and to the macro economy. first here is a check on the markets. the dow industrials in the green up .2% in spite of chair powell's comments about rates and where they need to be and the persistence of inflation. s&p 500 off by 1/16th% and nasdaq composite just barely in the red. earnings season really picking up. we have several more bank earnings this morning. let's get to leslie picker for a rundown on those results. leslie, hi. >> hey, contessa. bank of america trading lower at this hour after results came out. but, the call started, the firm reiterated rather than ra

i'm tyler mathisen in for kelly evans. she'll be back in a couple of weeks. here's what's ahead.dp surprise and not a good one, the economy slowing but inflation stubborn we're hearing the words, stagflation, stocks are sinking, but two guests say it's not as bad as it seems. they're here to tell us why. >>> meta down big amid weak revenue guidance and big ai spending plans so did that set the tone for alphabet we'll talk about that. >>> and that's one stock defying the selloff today. you're looking at it, up 6%. up 600% in a year. one of our guests called it a top pick so we invited the ceo to join us, and he will for an interview, just ahead. >>> we begin with today's markets and the not so pleasant markets and dom chu. >> not so pleasant, but a lot more pleasant than they were a couple hours ago take a look right now. what we are seeing right now is the dow down about 1 to.25% the broader s&p 500 back above the 5,000 mark it was below that level earlier this morning we're off about three quarters of 1%. and the nasdaq, the epicenter of the downside, is down about 1% the nasdaq

i'm tyler mathisen with your news update at this hour.t donald trump says arizona's ruling on abortion went too far. the state supreme court ruled yesterday a near total ban on abortion from the civil war era was enforceable. trump predicted arizona's governor and others will bring the law back to reason. it comes after earlier this week, trump issued a video message says he thinks the issue of abortion should be left up to the states to decide. >>> florida governor ron desantis signed a domestic violence bill inspired by the killing of gabby petito today. it would require law enforcement officers to conduct a lethality investigation when investigating domestic violence. >>> the u.s. army corps of engineer posted on x images of the francis scott key bridge following the collapse on march 25th. this was captured using an underwater sonar. salvage efforts have continued since the bridge's collapse. weeks away from clearing that channel. >> quite the imagery. that's under water we're looking at. tyler, thank you. >>> coming up, a look at the

i'm tyler mathisen in for kelly evans. here's what's ahead this hour. market fixated on the macro, but that's a good thing says one of our guests, helping to set up into earnings, which he says couldn't be better. he's ready to push his cash to work. he'll tell us where. >>> plus, the street underestimating apple once again. that's the gist of the new move with bank of america. >>> and some five years after we works implosion, adam newman takes the wraps off a new venture. deidre bosa will speak es collusively to him. >>> we begin with dom chu with the numbers. hi, dom. >> so what we got right now is a market that's floating right about near session highs right now. it's been a relatively calm trade compared to yesterday after that hotter than expected cpi report. today's report came in slightly cooler than expected, and the stock market is reacting. you can see the s&p 500 is up about 0.2 of 1%. right just below session highs. the dow up about 1/3 of 1%. you can see there, down 115 points, 38,347. the nasdaq up about three quarters of 1%, 117 points to

i'm tyler mathisen in for kelly evans. here's what's ahead.y hour in stock for you stocks higher, yields lower, investors digest mixed economic data business activity in april grew at the slowest pace so far this year, while new orders fell for the first time in six months companies also scaled back jobs for the first time in almost four years but manufacturing input costs hit a one-year high. services demand remains strong what does this mean for the fed? our economist also make the case for a july i

i'm tyler mathisen in for kelly evans. she'll be back in a couple of weeks. here's what's ahead.not a good one, the economy slowing but inflation stubborn we're hearing the words, stagflation, stocks are sinking, but two guests say it's not as bad as it seems. they're here to tell us why. >>> meta down big amid weak revenue guidance and big ai spending plans so did tha

i'm tyler mathisen in for kelly evans. here's what's ahead this hour.he macro, but that's a good thing says one of our guests, helping to set up into earnings, which he says couldn't be better. he's ready to push his cash to work. he'll tell us where. >>> plus, the street underestimating apple once again. that's the gist of the new move with bank of america. >>> and some five years after we works implosion, adam newman takes the wraps of

i'm tyler mathisen in today for kelly evans. here's what we got for you this hour. has the fed's base case shifted from later cuts to no cuts at all this year? our market guest says it doesn't really matter for stocks. he sees them going higher, regardless. he tells us why, and the one scenario that could change all that. >>> plus, credit card debt. record high at the same time, using buy now, pay later to fund purchases remains very popular. we'll have more on what they are seeing. >>> a push to on or near shoring supply chains is making one sector increasingly attractive. we'll tell you the names that stand to benefit the most. we begin with the markets and dom chu on the numbers. >> we started off positive, tyler, but we have turned more negative as the day has progressed. the midday action, right across the board. the dow down about 128 points. that's roughly a 1/3 of 1% decline, to 37,675 so modest, yes it a es a little more pervasive for the s&p 500 which is 5,015, down 35 points, three quarters of 1% declines here. the highs of the session, we were up roughly

i'm tyler mathisen in today for kelly evans. here's what we got planned for you.politics, earnings, economic data, the fed. we're setting up for another big week for the mafkts. it could cement or derail the fed's higher prolonged tilt. we're look at what to watch and why one guest still sees a cut this year and where to find value against this economic backdrop >>> netflix sharply lower despite a big subscriber beat, but they're not going to report it anymore investors punishing the stock because of that, but should they our analysis says they shouldn't. >>> airline earnings off to a strong start, but there is -- this is a word i love -- bifurcation in that trade. our top airline analyst is here and what that bifurcation is >>> now a quick check on the markets. traders have shaken off israel's count strike on iran the dow was up about 200 points, right now up 0.52% the nasdaq, the biggest laggard, netflix the biggest gradrag on t index.l and gas prices did spik but they have pulled back. weather texas crude up 1%. gold up 0.75%. bitcoin crossed above $65,000 earl

i'm tyler mathisen in today for kelly evans. here's what we got planned for you.. we're setting up for another big week for the mafkts. it could cement or derail the fed's higher prolonged tilt. we're look at what to watch and why one guest still sees a cut this year and where to find value against this economic backdrop >>> netflix sharply lower despite a big subscriber beat, but they're not going to repor

along with deirdre bosa, i'm tyler mathisen. welcome to power lunch. stocks are down a little bit dow down 480 points after cpi came in hotter than expected. the dow is down as i mentioned nearly 5 # 00 points right now. we will go to steve leaseman now with the feds minutes. >> minutes to the federal reserve march meeting show there was general agreement that the fed policy was at the peak and almost all judged it would be appropriate to reduce rates if the economy evolved as expected. hold that thought. they later go on to say that participants did not see it appropriate to reduce the rates if they were not confident that inflation was falling towards the 2% target. a lot of that is in the statement. what we see in the minutes is the beginning of a debate between hawks and doves on how to think about the inflation numbers that have come out above expectation two months in a row before this meeting. you have a wing of hawks that we have heard publicly saying things like the recent inflation reports have reduced participants' confidence p that inflatio

alongside seema mody, i'm tyler mathisen welcome. glad you could be with us on a tuesday. on the program, the huge week for earnings continues today with tech, energy, autos, airlines, consumer staples we'll break down all the key reports. >>> plus, further, a new report from ubs warning 45,000 retailers are at risk over the next few years we ask the analysts which names are on the chopping block and which will remain strong but first, let's take a look at where markets are trading right now. we're actually at the highs of the day with the s&p 500 up 1.3%, building on the gains from yesterday. biotech and technology stocks bouncing back with ten of the 11 s&p sectors trading in positive territory. >>> and let's draw your attention to spotify, up a whopping 16%, highest level since march of 2021 on the back of its earnings beat >>> also, check out jetblue, sinking after reporting worse than expected revenue. on the other hand, aviation engineer making air owe maker ge autos, gm up beating on earnings we'll take a technical look at that name further ahead. another name, that

i i i'm tyler mathisen.orgia judge rejected donald trump's fre speech challenge in his bid to dismiss the 2020 interference case against him. the judge said that he found the statements made by trump and the other defendants in the case were made "in furtherance of criminal activity and not protected by the first amendment." >>> fbi director christopher wray addressing the growing threat of ransom ware and a cybersecurity conference, saying the bureau is investigating more than 100 different ransom ware variants. he addressed the fbi is creating a cybersquad to investigate threats aiming to have a team in every field office in the whole country. >>> and caitlin clark honored as the ap player of the year. who else could have won it? second year in a row for her, making her the fifth player to receive it in consecutive seasons. the scoring leader awaits the final four matchup with juggernaut uconn tomorrow night. that will be big. and the ratings on that game on monday night blew away practically every other s

i'm tyler mathisen. glad you can join us.amping up security as more executives take social stands on behalf of the company investing more and more into personal protection. we'll discuss that. >>> over

i'm tyler mathisen stocks rebounding, continuing to turn around.hat started late morning yesterday. the nasdaq the outperformer yesterday. boosted by earnings by microsoft and especially google. alphabet up more than 10% today, as you see right there we'll have more on those results coming. >> and what we're seeing here is that today's game is really pushing alphabet into the $2 million market cap along with microsoft and nvidia all the major averages set to end this week with gains the nasdaq up more than 4% you can see that big drop yesterday morning and then that steady rebound yesterday and into today's session we'll keep our eye on that, tyler. >> all right let's start with a number helping to clear the way for this rally after yesterday's worrying gdp report. the markets seemed to like what they saw in this morning's pce that's an inflation number steve joins us now with a little bit more what did they like and you started to explain this in the last hour or two, and i'd love to hear you continue. what is the difference between pce and cpi an

i'm tyler mathisen in today for kelly evans. here's what we got for you this hour.as the fed's base case shifted from later cuts to no cuts at all this year? our market guest says it doesn't really matter for stocks. he sees them going higher, regardless. he tells us why, and the one scenario that could change all that. >>> plus, credit card debt. record high at the same time, using buy now, pay later to fund purchases remains very popular. we'll have

good to have you with us and good to have you with us i'm tyler mathisen stocks heading to the downside both on four session losing streaks, the dow having its worth month in a year and a half. is this the worth month in a year and a half? what can turn the trend around >> changing the game, caitlin clark on the verge of getting a huge contract from nike for a signature shoe we'll talk to the commissioner of the wnba about the impact clark is having on the league. stocks had been losing steam towards the lows of the session with the dow jones industrial average down just about 20 points s&p 500 lower by 11. it's being led by the tech sector with the latest results from taiwanese semiconductor and to chips specifically nasdaq down about 0.4%. we want to compare two completely different stocks, tesla and united health. take a look at the price action. tesla down for a fifth straight day, 14% in one week united health up 1111%, in a wek following its earnings. >> the two companies almost identical in market cap as tesla's tumble has sent its market value below $1.5 trillion to mike santoli

. >>> courtney, thank you very much welcome, everybody, to "the exchange" for a friday i'm tyler mathisenother day, another hotter than expected inflation read. the fed's key pce data showing that inflation ticked a little bit higher in march from the previous year but held steady from february. stocks managing to shake, shake, shake that off with all three major averages higher at this hour yields, though, under a bit of pressure as market expectations for maybe two interest cuts this year rose a bit.

i'm tyler mathisen in today for kelly evans.e's what we have on the docket the bull market has room to run, and the recent volatility has presented great opportunity. that is according to one of our guests today he's here with what makes him so optimistic and the three names he likes right now >>> boeing's loss may have been smaller than expected, but it was an ugly quarter. we have the latest on earnings and how quality control issues are being handled at that big manufacturer >>> three more names on board to report, including meta we have the story, the action, the trade into the print but we begin with dom chu with the numbers. >> ty, today's bull run, at least today's bull run, trying to build on the last couple of days, is losing steam throughout the course of the late morning into the early afternoon session. the s&p 500 is down one twaur -- quarter of 1%. so down 12, but at the highs earlier today, we were up roughly 19 points and down 23 at the lows of the session. so we've been kind of losing a little bit of steam throu

i'm tyler mathisen. glad you can join us. on our program, ramping up security as more executives take social stands on behalf of the company investing more and more into personal protection. we'll discuss that. >>> over the potential passing of a tiktok ban added to an important foreign aid bill. we'll dive in on that. >>> but first a check of the markets. they are slightly higher today, coming off a rough previous week. but we are heading into a key few days now for earnings. big tech reporting results. meta, you've got meta, alphabet, microsoft all on deck. for that let's go to steve kovach with a look at what to expect. steve? >> reporter: hey there, tyler. it will start this week with meta on wednesday, and then we get microsoft earnings and alphabet on thursday. amazon and apple are coming next week. take a look at each one of these names through the lens of ai. not big business yet for any of these names, but some are progressing more than others. let's call this your ai gut check. let's start with meta partnering with

welcome to "power lunch" alongside deirdre bosa, i'm tyler mathisen.tocks falling today, but off the worst levels of the session. the dow down about 150 right now -- 158. the focus on two big market events tomorrow. the latest read on inflation, and the minutes from the last fed meeting. >>> the other big market driver after the fed, chips. nvidia is lower by 3% today and down 13% from the high hit at the end of march. one threat to dominance, more companies are working on their own custom chips. google the latest to announce it. more on this coming up. >>> but we begin with intel. it also announcing a short time ago its plan for enterprise ai. kristina partsinevelos joins us with more. >> intel is taking aim at nvidia chips by u introducing ai chip which they claim is better at inferencing, better at power efficiency nvidia's h 100 chip the main chip choice among companies building ai systems and the chip we have been talking about for the last year or so. but intel's gowdy 3 ether net network. pat gelsinger just mentioned about an hour and a half ago

i'm tyler mathisen in today for kelly evans. here's what's ahead.are bouncing back today, but our market guest says proceed with caution if you're all in on one particular trade one trade in particular. she tells us what it is and how she's positioning from here. >>> high rates continuing to put pressure on the overall housing market, but not the builders dr horton raising guidance, the higher is the stock today. but with the

i'm tyler mathisen in today for kelly evans. the bull market has room to run, and the recent volatility has presented great opportunity. that is according to one of our guests today he's here with what makes him so optimistic and the three names he likes right now >>> boeing's loss may have been smaller than expected, but it was an ugly quarter. we have the latest on earnings and how quality control issues are being handled at that big

i'm tyler mathisen. glad you can join us. markets are higher today. maybe not surprising given the mixed inflation data. today's producer price index coming in lower than expected. much needed relief for markets after consumer prices jumped more than expected yesterday. >> isn't it funny what a little green on the board will do? you just need a day in red to appreciate green. dow just turning positive. it's been down seven of the past eight sessions. then, that translates to a 4% drop so far in april. nasdaq getting a boost today from nvidia, higher for the second straight day after getting another positive analyst note. briefly it had dipped into correction, meaning down 10% from the recent high of $974 a share, march 8th, tyler. >> let's take a quick detour here and go to rick santelli with more on the ppi and the bond market. rick santelli. >> reporter: you know, tyler, today's bond market was mostly in short maturities that are aligned with the fed. yields were a bit lower. that's a good thing. if you look at an intraday chart of tens you can see

i'm tyler mathisen.tocks rebounding from yesterday's late day selloff, following a stronger-than-expected jobs report. why are the markets liking a report that seems to give the feds cover to stay higher longer? we'll discuss. >> plus, we will be joined onset by don peebles. while many are worried about the commercial real estate market, he thinks that now is a great time to buy. first let's get a check of the markets. they are rebounding. today's gains aren't enough to save the major averages from a losing week to start the second quarter, tyler. >> all righty. let's start with a jobs report from this morning. it was a whopper. u.s. employers hired 303,000 new workers this month. a blow-outcome paired to just 200,000. the unemployment rate down to 3.8% as expected. wages rose in line, however, with expectations. what does all this say about the state of the la boar market and the overall health of the economy. let's ask seth, former acting u.s. secretary of labor under president obama. good afternoon. w

i'm tyler mathisen with your cnbc news update at this hour.et an oil and gas lease on federal land. the biden administration raised prices for the first time since 1960. the original fee was $10,000 a lease, will now be $150,000 per lease and require royalties to be paid for extracted oil and gas. the white house says the fee also provide more money for taxpayers and protect them against any environmental cleanup costs. >>> johnson controls has agreed to pay $750 million settlement with some u.s. public water utilities over its use of "forever chemicals" used in some of its products. the company said is settlement did not mean it acknowledged wrongdoing of its subsidiary, tyco fire products. last year, lawsuits resulted in more than $11 billion in settlements. >>> and kentucky university that is, today hired byu head coach mark pope as the new men's basketball coach. he will succeed john calapari who seped down to go to oanothe school in arkansas. >> thank you very much, tyler. >>> adam neumann is focusing on connecting people, not through com

i'm tyler mathisen.ough start to the second quartercontinuing today with the dow down about 479 points right now. unitedhealth, a huge drag on the index, costing the dow more than 200 points all by itself. changes to medicare rates weighing on the health insurers today. we'll have more on that coming up. >>> big tech also tumbling today. the nasdaq down more than the s&p on a percentage basis. and the so-called speculative tech trade is getting hit particularly hard. it's a bad day for cathy wood. her arc innovation fund is down 3% and tesla, one of her biggest holdings, and its falling after delivery numbers disappoint. >>> we also have coin base falling along with bitcoin and therapeutics losing a third of its value after the cholesterol drug caused side effects in a trial. >> all right. today's action a signal maybe that the market is turning just a bit? those seven big tech names that carried the market last year, they're starting just a bit to fade. in fact, they've been fading for some months in so

alongside seema mody, i'm tyler mathisen. glad you could join us for a tuesday.s away now from the fed decision on interest rates. fed already meeting down in washington for a two-day session. more conflicting economic data out this morning. big drop in the chicago pmi shows some slowing economic growth. but the employment cost index shows continued inflation. so we'll discuss the difficult position the fed is in. >>> plus, the other big piece of the market puzzle right now, earnings. we'll trade some big names which reported this morning and preview some of the names due out after the bell, including amazon. >>> but first a check with the markets with two hours to go. the s&p 500 trading by 40 points. small caps the key laggards as we watch the dollar strengthen. gold is down by 0.2%. big mufr to up the side, eli lilly raises guidance thanks to sales of the obesity drug which exceeded half a billion dollars in the quarter. way ahead of expectations. >>> and here is a few of the other big names we're watching for after the bell. one would be amazon, two would be