coming up we have wedbush's dan ives.e sense of the tech wipeout, including the mag seven meltdown. he's going to lay out whether the high flying stock group, whether that run is truly over. and then tomorrow on worldwide exchange with president trump's tariffs on steel and aluminum set to take effect. we're speaking with the ceo of century aluminum about the impact of those tariffs. the impact of those tariffs. we'll be back in (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. business cards. >> but we also print. these and. those and. >> engrave that. >> we print your brand. >> on everything so customers can notice you, remember you, and fall in love with you if you need it. we print it with 25% off for. >> new customers. >> at vistaprint. com. high point

it's dan ives, wedbush up next. 314. warren paes is back. he downgraded stocks in early february anticipating a potential correction. we'll see how he's navigating this volatility next. >> in a world of uncertainty and disruption how will your investments stay resilient. we've been navigating change for 125 years always looking forwar, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and the needs of investors today and tomorrow. that's the power the global personal mobility market is projected to hit $40 billion by 2030. damon is transforming the industry with safer, smarter and more accessible evs built for today's demands. damon. - [narrator] we just signed the lease on our third shop. my assistant went to customink.com to get new uniforms with all the locations. he found great products, uploaded new art, and had boxes sent to all the shops. custom ink makes it so easy. get started today at customink.com. homes. >> with big yards. >> or compare. >> lot sizes all at onc

and joining me now, dan ives, the global head of tech research at wedbush securities. dan, it's been a long time. great to have you this morning. >> great to be here. >> before trump's joint address to congress, his commerce secretary had this to say about tariffs on fox business. take a listen. >> it's not going. >> to be. >> a pause. none of that. >> pause stuff. >> but i think he's going to figure out you. >> do. >> more and i'll meet you in the middle some way. and we're going to. >> probably be announcing. >> that tomorrow. >> tomorrow would be today. dan, it didn't seem like to me that trump was suggesting a deal was imminent last night. i mean, who do you believe here? what are you expecting? >> yeah. >> look, i mean, this is all a game of high stakes poker, right? and i think what you saw there, i think street's going to look. >> through. >> this and feel like a deal specifically with canada and mexico. that's something that's probably in the near term horizon. i think the bigger issue is going to be around china and just how nasty this gets in terms of the ret

. >> all right, for much more, let's bring in joel colina, managing director and head of tmt at wedbushities. joel, good morning. good to see you. >> good morning frank. >> joel, let's just start off with marvell. this is a very interesting story. so, you know, stock had had beats and the guidance it was generally strong if you look at just the base numbers. but they kind of showed a plus or -5% when it came to the revenue outlook for q1. and then plus or -$0.05 a share when it came to the eps outlook. is that really a big deal when we're talking about this company that gave very bullish outlook when we were talking about what you're hearing from executives. >> yeah, i think it is. >> because. >> you're really i. >> think i think. >> marvell is now the eighth or. >> ninth name where you're just seeing. these horrific kind of t plus one reactions. >> you know, i know you. >> guys just mentioned crypto. earlier and marvell, you know, there just wasn't a lot of wiggle room to miss. and for next quarter, they, you know, the street by side was looking for north of 2 billion. they came in you

wedbush did, however, say that it thought that the sell off is overdone, at least in rh.r shares of chewy as well. kelly, back over to you. >> all right courtney thank you very much. again some big declines there as we track the sell off more broadly. the dow is down 1056 points. nasdaq 4.5%. we'll be right back. >> life doesn't come with an owner's manual. freedom is getting to write your own. so get 10% off a jeep wrangler. or get into a jeep grand cherokee where freedom is on road or off. >> where it's a front. >> row seat to the. >> city, or. >> a. >> second row. >> seat. >> maybe even a third. life doesn't come with an owner's manual, so get out there and write your own. >> during the jeep. >> celebration event. >> get 10% below. >> msrp for an. >> average of. >> $5,650 under msrp on these 2024 jeep wrangler models. see your local jeep brand dealer today. >> machine learning is advancing, but businesses wonder if some machines can keep up. >> let's welcome our new. >> coworker, jeff. >> copier has a great idea. >> i wonder. >> if. >> it's. >> the same idea as yesterd

i've been you know wedbush has got a piece not let me look let me look. keybanc has got the best.take it from buy to hold. and they say this the past several quarters lowered the visibility in the meaningful margin expansion and revenue recognition. in other words, re acceleration. so here's what people are saying. everything that you've heard is passed. going forward. there will be no revenue acceleration going forward. there will be no margin expansion. so going forward there will be no pe expansion. so going forward we're going to pay a lot less now. just so you know i mean people don't know what they do i'll just summarize it. they what they do is they take software to help you organize and interrogate web based data. and it actually did quite well. okay. there was cannibalization from one bit. one little part. this is to step back. this says if you have one not in what you just did, but in your forecast. people say it's over. it's over. right. >> or it's. >> reflective of the market sentiment. >> right now. right. >> and that's why. >> when does that change, jim, and what cha

joining us here at post nine this morning is dan ives, wedbush securities global head of securities.gh call a tough reiteration? >> i mean, to some extent i think this sell off is going to be an opportunity i think years from now. it's a generational opportunity because it's my view. i get, you know, in terms of all the frustration and noise, the doge, the distractions, the brand issues, even some of the sales numbers that we've seen in europe, china, i think it's going to be short lived. i mean, my view is they have probably from a technology perspective, in terms of autonomous, in terms of the lower cost vehicle and where where i see things over the next 12 to 18 months, i think they're actually going to go in to their biggest part of their technology cycle that they've had maybe forever, maybe in the last decade. >> does that require elon to distance himself from the brand or recommit himself to the brand? >> look, i think this is one where i continue to believe the bet for the ages was musk's bet on trump because of autonomous deregulatory. and i believe autonomous is worth ultim

wedbush dan ives he's on constantly.. he has added tesla to its fresh ideas list. the bottom line with tesla is this guys there is a separation. there are the retail investors who have said, i believe in ai. i believe in autonomous vehicle technology. i believe in robotics. that's the future and i believe in elon musk. there are the headlines that tesla sales are slowing down. people are not crazy about the brand right now. and yes, that's weighing on shares of tesla. but now you're starting to see as these valuations come down, the bulls are going to start coming back out here. >> hey phil. >> can i ask really quickly? we've talked a lot this week about how uncertainty could lead to not just businesses slowing their their their their investing and their purchases, but consumers as well. and i think when you look around not knowing what prices are going to be, maybe that freezes things. i do wonder, though, if a one month reprieve of this, these tariffs that could lead to higher prices almost instantaneously for car pric