taylor: great interview. we'll pivot as well, talk about a few quick stocks here on the show. amd down reportedly hitting it a roadblock for china tailored chips. the ghost sort of blocking some of those efforts. qualcomm down today after raising its dividend by 6%. it is going to 85 cents from 80 cents. that is not bad another dividend increase, talk about share buybacks. jackie: everything is taking it on the chin today. not a great day for the markets. brian: cash is king. dividend stock buybacks. and gold and bitcoin, that's right, yeah. we'll see what happens as the day progresses. you have to believe some of this super tuesday stuff starts to get in here. jackie: absolutely people start to think about some of these issues as they head to the polls. somebody is who gold, charles payne. charles: "the big money show" broke the market.

jackie: neil broke it. charles: always blame neil. good afternoon, everyone, i'm charles payne, this is "making money." breaking right now wall street itself has been jumping on the rally bandwagon and looking at the screen you have got to ask is it for the wrong time and for the wrong reason? ed yardeni was ahead of all of them. i want to find out what he is thinking now. a once bankrupt retailer has not only come back from the dead it has outpaced nvidia. give you one guess without cheating what company it is. tweet me @cvpayne. we'll tack about retailers. the economic fertility bust. should we pay couples to procreate? it might be a good idea. the cookie monster partnering up corporations for inflation. we'll call up the keebler elf with a counter attack. all that and so much more on

"making money" ♪ charles: i have come to believe all bull markets are unloved by the experts at least at first. think about it, every time there is a bull market, they say it is unloved. they're al unloved in part they're born during bear markets. data hasn't improved yet. market always takes off before the data does. there is always skepticism out there. it is a matter of experts clinging to their work and never wanting to acquiesce to this new bull market. of course they begrudgingly start to come around. nowadays more and more, there is roll call more and more of these firms are jumping on the bandwagon. for instance, goldman sachs, goldman is looking at 5100 by the end of the year. that is interesting for gold man they see the rally picking up strength and momentum as the year goes on there is bank of america, she just hiked her target last week to 5400. but what i thought was interesting was the reason why she hiked it. it is not necessarily because of the fundamentals but she points

out that bull markets end with euphoria, the sellside has actually grown more bullish on equities. so you know, the point is, she says, that they have to be bearish, right before they can actually, actually say we're euphoric or at least not enough folks are euphoric just yet. there is a market itself. what is interesting about the rally, if you look at the last rallies going all the way back to 1949, all the bull markets, this one, there is a gray area here and sort of like, at the bottom in 24 gray area. we're at the bottom of the trading channel. this is one of the slowest bull markets we've had since 1949 if you look at that so put it all together, where are we right now with all of this? well, take the top 10 stocks out there because everyone is sort of saying this time is different, right? forget about the emotions for a moment because it feels like wall street is simply saying we're on the bandwagon because

the bandwagon is filling up. this is from akita research. they do this really great work. they looked at the top 10 stocks in the russell three thousand and compare it to the dot-com era. it's true that right now this era has better operating margins, that's true but you know what? there are some serious red flags. price to earnings ratios are not much different. price to cash flow is actually more expensive right now and look at this one, long-term debt to capital, far, far greater at this moment than it was back during the dot-com era. so let's bring in the man ho was in front of everyone on this rally. yardeni research, ed yardeni. whether they up their targets on the market it is more about momentum and sentiment. if you're jumping on the bandwagon, simply because the bandwagon keeps going there is still a feeling of skepticism maybe if you're look this maybe you should be looking for an

off-ramp. your thoughts now feels like everyone is bullish and maybe for the wrong reasons? >> it is really extraordinary how sentiment and the issues driving the markets changed for the past couple years. the concern was a recession. when that didn't happen the bull market got going in october of 2022, the concern that the bull market was very narrow, in the past few weeks everybody is worried about a bubble. i've been writing about that possibility. it is something to consider when you see a stock like nvidia going parabolic. i'm still bullish. i think we'll end up the year at 5400. i like the market having a bit of a pause here. charles: sure. >> i think that is probably what we'll see. nvidia in a couple weeks will host a real hoopla convention on a.i. charles: i actually, i like it too. i'm bullish for the most part and i like the fact, that the

markets pull back from time to time but this is a chart that is making the rounds the last day or so. it is one of your charts. how much the s&p 500 is above its 200-day moving average. this is pretty elevated ed. >> it is. jackie: charles: one of the many tunes for the moment, there should be a breather, time for a pause? >> a breather or a pause in my opinion would be most welcome. i don't want to see this market continue to go pair ball like. parabolic. i think we're seeing profit in the technology area. there is recognition the global economy is not that hot. u.s. economy is doing fine but china is in a recession and a lot of these stocks including apple that are related to making a lot of money in china are getting hit here which makes sense. china is in a recession. china is not turning out to be the great market for many of these consumer discretionary stocks. charles: that will be a maybe a case study on a command economy,

maybe a great one to have in an election year, since you brought up the global economies, i have a screen here on the global economies. what is interesting here, right snack dab in the middle is the united states. that looks absolutely phenomenal. to your point china is down, uk is down, the eurozone is collapsing, japan ironically went into recession and hit an all-time high. could you argue at the very least if you're buying stocks based on the economies they trade in that maybe we are the best place to be looking right now? >> i think so. i've been in the stay home camp rather than go global really since 2010 and one of these days i will undoubtedly overstay my welcome but i prefer to overweight the united states. i think that continues to work. i watch commodity prices, an indicator for investing in emerging economies and commodity prices just aren't showing much signs that the global economy is picking up. so i would remain light on emerging economies, certainly on

china, even if they come to rescue the stock market i don't think it is going to work because the fundamentals are terrible there. charles: they have been trying, they really have tried. they added money, they did everything. none of those old tricks work anymore. ed, thank you very much, always love starting the show with your expertise and your guidance. >> thank you. charles: my next guest is in the soft landing camp anticipates rate cuts beginning maybe june, july. jpmorgan asset portfolio manager, phil kappa really. welcome to show. >> thank you, charles. charles: i want to start with the u.s. financial conditions. ever since the fed pivot, this is like crazy, right? on one hand you think about this financial conditions are better, the stock market near all-time highs, housing prices near all time highs, the jobs report near all-time highs, why would the fed cut at all this year? >> this year is still a long way away, charles, but we're pushing this thing out. remember we came into this year with the mile-an-hour meeting which is in two weeks, 85%

priced in. it is now at 2% and what we're thinking a little bit about what is the cost benefit analysis right now for the fed? does the benefit of them easing policy by 25 basis points really outweigh a cost of a potential rise in inflation? and we say no. these eases we think will be priced out, may be priced out of this year. we're not willing to say that yet but -- charles: you're open to that possibility. >> yes, we're open to that possibility. charles, this is really a high class problem. you can get 2% inflation in a blink with hard landing with recession. charles: right. >> this all happened the economy as you pointed out in that last chart is defying gravity. charles: it is but we friday had three economic data point that missed big time, today, ism services. i want to ask you, the services economy is keeping us afloat. we're still in expansion but this came under wall street estimates, headline number,

52.6, but i look at employment. that collapsed. and some other things. prices paid collapsed but maybe too much, 64 to 58. it is still conflicting. the data is conflicting. how do you deal with that? >> that move from 552 to 64 freaked people out. i point out to the labor market is the canary in the coal mine. we have another labor report on friday. as long as people feel labor unemployment is below 4% this is high class problem. everybody last year we're going into recession. this year everybody said the fed would bizing. those two things rhyme. we want to build durability in other portfolio in case the fed is not building to ease. charles: we see record amounts of going into them last couple weeks. here is a good example. the futures contracts have just gone -- >> yes. charles: we have a little bit after stealth rally in the

russell 2000 at least before today. what will it take before you believe, okay, small caps are someplace you want to have greater exposure to? >> charles, that is happening because only a couple things look cheap right now. one is small cap versus megacap tech. the other is china, right? a lot of people are looking at this saying is it time? we need one of two things to happen. the first is goldilocks. goldilocks inflation at the end of this year is 2%, fed easing five or six times that would really help small cap. that helped in november, december last year when small caps ripped. the other thing you would need is recession and new cycle to buy small caps which is not something we're expecting. we would rather be in these durable companies that don't need the ease. charles: large caps. >> large caps. they have free cash flow. they will never need a low. they love 5 1/2% risk-free rate. this is the poster-child after no recession trade. you like us believe there is very low probability of recession, then high yield credit makes sense. not because you expect to hit a

home run there but because you can yield, you can get paid to wait while all this volatility plays out. charles: super tuesday, are you concerned about elections or something you start factoring later. >> not just yet, charles, not are just yet. we've seen this before. charles: take care. >> thank you, charles. charles: has this rally been about the federal reserve? it is worth asking, even though we talk about it all the time you can really trace it back to something else. you know paul hickey has. i cannot wait to show you his new work and he's next. ♪. your record label is taking off.

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stock market. this is amazing. so since then the non-a.i. stocks are up 8%. the a.i. driven stocks up 45%. this is amazing. >> no, if that, if you want to look year-to-date it is 8% versus 4%. there is a clear theme here. we constantly talk about the fed this, the fed driving the rally, the number of rate cuts priced into the market is going straight down and the market is going straight up. charles: it felt like that. we did wobble a little bit last summer. it felt like the powell pivot. to your point from seven hikes to three hikes the market never missed a beat. >> one thing to keep in mind too, the fed is, has a part here so they did pivot. now that the market is looking at the environment where the fed doesn't have a crowbar to take out any rally at its knees. we feel relaxed, market can rally. every time that powell comes up he will not say something to destroy the market. charles: here is the thing, throughout history a lot of

things changed, electricity, the railroad, the light bulb. we can't compare markets to that. 1800s, we'll talk about that later, the tech, the internet, this is another great chart, comparing the markets during the initial drive of the internet using aol and of course, netscape as the proxies. >> right. charles: go ahead. >> chatgpt, that brought a.i. into basically like into the mainstream. charles: right. >> aol, netscape, brought the internet to the jet stream. benson wonk is biased, we're in early inning of a.i. when you look at internet came into households, we have the nasdaq performance in all these different periods we're right in the same levels. charles: we're right here. right in the middle of it. >> there was plenty of volatility in the years to follow but this is the general pattern. charles: 800 days, this rally, we're 300 days, neither 500 trading days? >> chatgpt is not even a year-and-a-half old.

charles: right. the word he used, he said tipping point which of course sent everything going crazy and crazy. okay, want to talk then about overall, because this is another piece, goldman sachs, their financial conditions index, over the last four months changed dramatically, right? >> yes. charles: this gets us back to the fed a little bit? >> it gets us back to the fed taking a step back and not going to kneecap us at every moment. charles: right. >> what you see here, we saw in november, december, the largest two-month decline. we're four months from that. we've seen one of the largest four-month declines in the goldman sachs financial conditions. lower reads means easier financial conditions. charles: let me show the audience, easier, gotten lower, lower numbers, minus numbers, these are some of the times in history go back to 1983? >> yeah. charles: one thing they have in common, a few things, but golly, this is amazing. this is absolutely amazing. one year later the market is up every single time. >> so people say we're up 20% in

four months. we priced that in. you look at 19%, we were up four months. we were up 20%, 20%, 28%, 25%. so you saw those types of rallies yet the market still kept going there. history doesn't always repeat itself but we have this theme, bull market theme which is a.i., we have the fed on the sidelines and we have easier financial conditions. so those all together can help improve prospects. charles: right. >> and are a good environment for the market. charles: a good foundation. before i let you go, what are you buying, where are you focused on buying right now? >> one interesting name we started buy something restoration hardware, rh. the look at the market at record highs, you look at bitcoin going to record highs. housing has been weak. there is wealth effects in the client. rh caters to wealthy company h customers. they bought back a third of their float. they trade slightly higher than

market multiple that has niche foundation. charles: i love rh. i loved stock on and off one, two decades. let me add a caveat, it can get a little volatile. >> from time to time. charles: great stuff, paul. >> thanks for having me. charles: coming up what is driving the falling fertility rates around globe and what can be done about it? hadley heath manning has some ideas and she is right here after this. ♪.

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charles: all right, folks, south korea has the world's lowest fertility rate and a lot of people believe that is going to derail their efforts that otherwise have been absolutely phenomenal to become world economic power. we've already seen the impact with japan. kelly o'grady is here with more on the potential list and where we stand as well. kelly. >> reporter: that's right, charles. so much attention is paid how the economy is right now but i want to focus on the headwind that could materially impact the where our economy is going, that is the birth rate. that less people will impact your outlook. 2022 saw the first decline in population in six decades. part of that was due to covid but the declines continued last year as low birth rates repain persistent. china seeing a record plunge, losing 2.1 million. you look at the united states

and something similar is happening here. the natural change in population growth has narrowed over time dramatically. looking back at the mid 2000s, the deaths were roughly flat but the birth rate was increasing. you look here. this was covid. deaths are coming down but you're also seeing that birth rate come down too. now that is because in the united states women are having children, fewer children having them later especially us millenials, okay? so 1990, that is the peak millenial birth year, women born since then have significantly fewer children than previous generations. you see that here. 1.1 versus those born, 76, closer to two. realistically families you're choosing to have kids later because of economic realities. it is harder to buy a house, harder to build wealth but i do want to highlight this curve is starting to flatten out. we really need that to stay course to match where older generations are.

full transparency, charms, i'm not in the kid era. i'm squarely in my french bulldog era. there are a couple of wild cards that might stop the sting of economic fertility. according to john burns research, the united states saw the biggest jump in population, biggest one year increase in history last year. that is with combination of legal and illegal migration surging. the other thing older americans are sitting on a record amount of cash. look at that born in the 50s and 60s, each has a net worth of 40 trillion as a decade that has been dramatically increasing over the last 15 years. what you will see in the next 20 years the greatest wealth transfer in american history f that doesn't work, more and more nations are paying families to have children. you've seen that in europe trying to attack the problem. you mentioned south korea at the top. there was actually a construction firm paying workers

$75,000 and a bonus just to have children. charles, it is a great investment in many ways, but so far it has not been enough to stem the crisis. back to you. charles: kelly, we'll talk later on. as thyme -- time goes on we need your help. we need your help. >> the french bulldog. charles: iwf policy hadley heath manning. we had these kind of conversations before but it feels like it is more pressing. china was on the cusp of overtaking america and for the most part they blew it and they can't take around. they're trying to incentivise, two, three, four kids. a huge change from the one-child policy but we're drifting here in this country as well. your thoughts? you. >> know the increase or the decrease in the birth rate is largely driven, charles, by a huge increase in the number of people who have zero children. so the fertility rate among mothers hasn't changed that much in recent decades but what we are seeing a huge increase in the number of people who will have no children throughout their child-bearing years. this is due to a lot of factors.

we talked about this a lot more. increased access to contraception. increased participation by women in our education system and various professions are very demanding of the women throughout their child-bearing years. also factors relate to increased costs orer perceived costs of having children. charles, regardless of economic factors much is driven by cultural norms, social norms, what people want out of life. it is a spiritual issue much more than a economic issue. as kelly said, many countries, employers trying to have people have babies child care benefits these things are not effective when it comes to global fertility rates. charles: america is so lucky that so many people want to come live here. and, this is the place to be. as long as i think we remain a capitalist society where you're rewarded for hard work and innovation, maybe that kind of

counter this. i asked you something else, you mentioned the cultural aspect. there is a big story in fortune. america's hopelessness crisis may have less to do with the economy and more than gen-z mental health. i think it is tied to the economy. we talk a lot on this show about doom spending. where do you think we're going? >> mental health is tied around questions, around family, marriage, parenthood, thieves things might be a drag if you look to tiktok posts or instagram posts. people derive a lot of meaning, happiness in their life, becoming a parent. so skipping these things for gen-z or mill littlians might result in less happiness or more challenges, when it is happy, having someone stability in life a family unit can provide. it is a chicken and egg question. but definitely i found a lot of happiness in my marriage and my kids. i'm in my kid era. charles: i gotcha.

i always tell people no way i would have made it as a broker if i didn't have my daughter. she was less than one years old. i was working 100% commission t was tough. it was tooth and nail. i worked hard and made it because i had to make a better life for her. i have 30 seconds to go, hadley. what is the role of government in all of this? what should they be doing? >> the government has tried in many cases, in many cases to incentivise this. we have to turn to culture. i do not obsess what taylor swift does from day-to-day but i interested in the where her relationship goes. travis kelsey and her get married that is a cultural shift that cool thing to do. i think future wedding bells for taylor swift, would be great, i'm happy for her. charles: we've come a long way. hadley, thank you very much. >> thank you. charles: let's stay on the top ric of households and focus on the consumer aspect, the

economic aspect. we saw a target report. look at these results, folks. they were absolutely fantastic. that stock is soaring higher. is this really good news or bad news when it comes to consumer spending? i want to bring in jharonne martis. there is a discounter, elegant upscale discounter, target, one of the top three consumer staples names, target, dollar general, dollar tree. i always get a little antsy when discount retailers lead the market. >> you shouldn't. we entered the year with a value conscious consumer. the value conscious consumer won't open their wallets until they get a goodies count. target numbers were stellar. they had a good holiday season. they saw traffic improvement. occurring to the data suggests that target will see a improvement in comps entering the second quarter which the new

membership program which is about giving consumer instant gratification, delivering goods within a two-hour window. charles: that is working. >> the strength of quarter was curbside pickup. that is strong for consumers to want to get their items right then and there. an analysts polled are already bullish this will help the bottom line. charles: earlier in the show i posed a question to the audience which retailer once bankrupt or near bankrupt is outperforming nvidia in the last six months. it is not even close? itch abercrombie & fitch is crushing. this is look the hottest stock in the world. how do you go from one foot in bankruptcy to the stock that won't quit? >> teens are so fickle and abercrombie & fitch came back, not only with a store renovation but also with the right merchandise that it's really resonating with the teen consumer and the other thing too is their margins are extraordinary. meaning they offer promotions but they're not discounting acrossed board. charles: here is the thing, you

mentioned how consumers are cost-conscious but not teens. it is not their money. they go out, they have to have the hottest, coolest stuff, it costs a lot of money. >> exactly. this also brings to the point of of the psyche of the consumer. parents are not bellyaching as of when their kids spend $100 on a pair of jeans it underlines the strength of consumer. even though being picky orreriented elsewhere they're allowing teens to splurges. that capability also says that the consumer is still in a very healthy condition. charles: even though, the healthy condition reflected in the record high credit card debt and i know -- >> and a strong, abercrombie is on track to post its third consecutive quarter of double-digit comps. charles: we have a couple teen retailers posting real soon, what are you thinking? >> american eagle is expected to do well with 6% comp. they're receiving a boost from

their era division. gap our data suggests that it likely to beat earnings estimates and post a positive surprise. they're receiving a boost from their old navy division, because of the value proposition has made a comeback. charles: i have to be honest. my somebody desirers were in gap. we're down about 9%. i hope you're right. when does it run out? we have had this conversation, it feels like we talk about economic data, we talked about things slowing down in certain areas, when does it all run out? >> well, like i said, never bet against the u.s. consumer, right? and we've been talking about a soft landing, a possible recession. if there is one it won't be a consumer-induced one. the consumer will continue to spend as long as they are gainfully employed. that unemployment number is still very low. if they feel that that number is going to rise and they start seeing the friends and family start losing their jobs that's when we go into worry territory and that's when consumers could pull back on spending the doom spending what is up with that?

>> what spending? charles: the doom and gloom spending? >> it is still yolo. if we look at winners, hotels, restaurants and leisure are still outperforming the retailers. consumers want to live life, go to restaurants and travel an see the world. that is still outperforming. that is expected to be the strongest sector this year when compared to retail. charles: good stuff. it is a miracle. they keep pulling it off. jharonne, thank you very much, appreciate it. folks, crowdstrike falling ahead of the earnings. we'll go to danielle shay to break it down. should we be long going into the close? that and other picks next. ♪.

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so i decided to go with golo and it's changed my life. when i first started golo and taking release, my cravings, they went away. and i was so surprised. you feel that your body is working and functioning the way it should be and you feel energized. golo has improved my life in so many ways. i'm able to stand and actually make dinner. i'm able to clean my house. i'm able to do just simple tasks that a lot of people call simple, but when you're extremely heavy they're not so simple. golo is real and when you take release and follow the plan, it works. ♪. charles: well it happens from time to time of the technology is the weakest sector in the market today, a lots of investors not accustomed to owning high beta socks are on edge. look at that chart. it is only down for the last two days, right?

look, a lot of folks jumped into the stocks, they never bothered to learn what they did or what could keep moving them. the good news our next guest does the work and she is here to help. here is danielle shay. first of all what do you make of the sudden burst of weakness in big tech? >> charles, when you look at the market it is normal to have a bug pull back like this after the upside we've had. look at pullback zones, identify spots so we get back in. this is a normal move and the market overall is very strong. charles: how do you determine though? do you use a preset percentage number, like overresistance or support? how do you determine, buy on dip, it is easy to say buy on dips rather, but where do you actually pull the trigger? >> definitely. so i look at the overall trend in the chart. the weekly chart trend is definitely to the upside in the the s&p and nasdaq. what you look for on the daily chart what will be a reasonable

pullback. i like to look for critical moving averages with kee support zones and key psychological values. for example, in the spx, we have 5000, a key psychological value i target to the downside. i like to overlap with the 21 ema on a daily chart. pullback to 21 ema or 34 ema will be a very normal move. charles: okay. something about today's action is a reminder that momentum works in both ways. we have the momentum chart up there and the names are as who who of the names that move the market. wake up if you go up 20%, maybe one day they go down 20%. these are the hot names in the market. folks if you want to buy those stocks, to danielle's point, maybe you should be buckled up. let's talk about some of the names you like, ibm, draftkings, those are still names you're buying? >> when you look at these names you definitely need to look what

is normal for a pullback in these names. something like microsoft, this has been an incredibly strong stock, one of the top stocks in the sector, strong because of a.i. what i'm looking for a critical pullback zone which would be around 400. that is a key psychological value. as long as microsoft stays above 395 to 400, that will be a continual buy for me. i like the stock and i'm sticking with it. charles: you're spying intel. here is the thing, i'm looking at a stock, intel, talk about a company that blew it. they used to have 75% of data center business now it is down to 15%. nvidia is eating their lunch. why you would buy a stock like this? >> charles i was looking at it yesterday, it was on the verge of a breakout. it was right above the 45-dollar price point and it looked like that consolidation was ready to go. today the breakout is failing so i will not quite buy it quite yet.

if it continues to build up energy and sometimes you can find stocks that are recovering and get in to get december upside action f it breaks out from 45, to a move of up to 52. >> i can't let you go you have two juggernaut names reporting this week, crowdstrike. would you be long going into those earnings report or would you hold off? >> i'm long for stock on both of these companies. they're incredibly strong companies and absolutely the most important point this week. i will caution traders these are going to be very volatile reports. both companies are strong, they have been doing well. eps numbers have been increasing but you know, in this case we can sell premium and be a little bit cautious to the upside because these names have had these massive moves going into these reports. >> look at these charts, folks, if you have a 5% automatic stop loss you are probably making a

mistake with these high beta names. thank you, danielle. i will think about these numbers, when they report. >> thanks charles. charles: my next guest says, fed accident may cause the fed to cut rates. we're looking at a counter measure next. ♪

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singlecare is amazing. even though i have insurance, it can't beat the pricing i get on my medication through singlecare. before i submit any prescriptions, i always check singlecare first! just go to singlecare.com, search for your prescription and show the coupon to your pharmacist. millions of people on medicare, just like me, use singlecare every month, and you can too! visit singlecare.com and start saving today. charles: it's been a tough day, right? we stumbled out the gate, and it's been downhill ever since. economic day that out this morning all missing consensus. factory orders down 3.6%, the street was looking for 3.1. they always attack out transportation, that was down .8%, street was looking down .1%. services, i talked about this earlier, that was the another miss.

you had employment down, price es were down a lot. in fact, when prices come down too much, you get a little worried. and if new orders, that that was up just slightly. this highlights the leadership side in this stock market and certainly a defensive session, sort of like yesterday where things like utilities are doing well. and that brings up the worry, what happens when the magnificent seven peak p they start to stall? can anything else fill the breach? want to bring in bellpointis e strategist david nelson. what do you think's happening the last couple of days here? >> look, i can't put it in a nutshell. i think, you're, everybody's trying to call the top. everybody's really nervous. a lot of price momentum in this market. but i think they're missing if forest for the trees. we have a secular growth market right now -- charles: dud it go all the way back to 2009? is it still part of that secular growth with market? i know we've had some things that are considered bear, but, i mean, we really haven't been off

track, save for covid, and that was just a flash in the pan. >> look, we have a new theme right now, and everybody's, you know, trying to disparage if artificial intelligence. this is probably the biggest invest invest theme of my career. and, yes, we're going to have pullbacks. look at nvidia today, the marquee name i. ain't down that much. charles: right. >> people are trying to add to their positions as we peek. charles: right. but diversification used to be a hinge on wall street. today the financials look good, yesterday big banks were up, they were up today. do you start to look for other places to offset just in case occasionally the a.i. stocks get hammered? >> you're going to need something other than just growth stocks, you're going to need some value is. there are plenty of names, even within technology, right now, today at these prices, some are trading at 14, 15 times earnings. charles: one of the big issues with this market overall, not just the stock market, you know, but the market overall is that there's too much liquidity, that this, you know, the reason we

did -- didn't get a recession, even dogecoin up 70%, that has the curmudgeon crowd going crazy. i told you, it was just too much money, throwing their canes at the screen. do you think there's too much money out there the right now? >> look, spew if wit exploded after covid. it went parabolic. it's come back some since rates have been higher, but there's a careful balance here because i pointed out on this show in the past the three biggest risk we have are elevated rate, commercial real estate and the regional banking index, in that order. and i just feel like at some point the fed is going to have to do something here because their job isn't just inflation. their job isn't just the economy. they're the lender of last report, and if there's an accident out there, it lives in the regional bank index. charles: the irony is that they took silicon valley bank's assets and put them in new york community bank, and that's been getting hammered. let's talk about something you like here. we've got a minute to go, so a couple of stocks.

let's talk about ge first. >> yeah. i think we all knew this was going to happen, even top gun's pete mitchell was going to lose his job to a robot. sixth generation fighterrers are coming, for sure. most of them will be unmanned because we're going to need aircraft that can move beyond the limits of a human being. you can focus on the lockheed martins, the northrups and the fuselage, but i'm going to focus on the engines, and that's ge. they've done an amazing job, the xa-100 which will be morphed into a sixth generation engine is going to be a home run. charles: i don't trade actively, i'm in the action, this is the my biggest one. i don't even looked at a it. >> amazing how this company's turned around. charles: i'm going to tell you, 30 seconds, i had my traders the take profits, so when i saw you were buying, i wanted to find out why. i got got a little nervous. >> buying a half position on the close today. i've been in and out of this

name. i trade it too much. this is a home run name. it trades at 14 times forward earnings. its playlist is from apple to amazon to tesla. you've got to have companies like this in your portfolio. it's not just nvidia, microsoft, and it certainly isn't -- charles: i agree. i'm just looking at the chart though. this is one hell of a move over the last year -- >> it's trounced the s&p 500, over 80 times. charles: great stuff, my man. appreciate it. all right, folks, so breaking news, the keebler elf is heading to the white house. he wants to ask joe biden to, please, call off his war on aunts, grocery stores and gas station the owners, he knows it takes time and a whole lot of money to make a batch of cookies. the administration has got. en sesame street to help him push this shrinkflation and greed agenda because, of course, food costs will not come down. so yesterday the cookie monster complained, he put out a tweet that he hates shrinkflation. i think he all a -- we all a

kind of hate it. but the cost of making these chocolate chip cookies has skyrocketed. you at home who shop regularly, think of these price as higher or lower. just a bag of these cookies would take a couple sticks of butt or, one cup of white sugar, a couple of brown sugar, couple eggs, vanilla, operates, flour, baking powder, baking soda, salt and don't forget chocolate chips. have you looked at the coca chart late hi? -- lately? and there are other costs, right, that the cookie monster and the white house should consider because, listen, before you start saying that supermarkets are greedy, take a look at this. and, by the way, in the spirit of sesame street, leapt us count the steps -- let us count the steps. one, we have to import and drill for oil. two, we have to refine that oil. three, we have to store it. four, you know, four's always the magic number, we take it

from regular storage to bulk store storage. five, we put it on these tanker trucks k. and, six, we take it to the gas station and that little bitty gas station other than who probably scraped to open up that place. they make a few bucks on it. by the way, all of that stuff is done with diesel. do you know how much that's up? it was $2.96 in january when president biden came into office. it's up over $4 right now. someone cue oscar. i mean, where's oscar in all of this? we feed a counterargument. yeah, we're all upset and frustrated, but the bottom line in my opinion, in my opinion, the main reason for all of this inflation and the reason it won't go down is we brought $3 trillion into the economy. they tried to give away money for votes, and it's backfired. and the problem is, it ain't going away. liz claman, you go to the supermarket. you know what i'm talking about. liz: yeah. why is every single item $10 or more? [laughter] charles: i don't know. of every one. liz: yeah. i'm glad you