weiss, "final trades." >> i bought more netflix for those experiencing jomo, joy of missing out. stock is back on its way. >> home depot, $18 billion in free cash flow. >> materials. >> good weekend, everybody. i'll see you on "closing bell." welcome to "the exchange." i'm dominic chu in for kelly evans. here's what's ahead on the show. we have a weaker than expected jobs report last month, a more dovish than expected powell, so did that just change the whole rate cut timeline, and is it presenting new opportunities in this market? we'll talk about all of that. plus, there was one thing in apple's report that makes our analyst worry a bit. we'll tell you what it is and how to trade that stock from here, and then starbucks,

disney, underarmor, they've all been held by boom rang ceo/founders, but has that helped or hurt those companies? we have a special edition of "three buys and a bail." today's market has been a bull run so far today. we're off the best levels so far, but we have north of 1% gains for the major indexes. the dow currently at 38,652, up north of 1%. it's a similar percentage advance for the broader s&p 500, large cap which sits at 5121. the reason why that level is important is because 5129 is the level a lot of traders are watching right now. that level represents the current 50-day average price of the s&p 500 on a rolling basis, and that has been the upper end of the trading range for the s&p 500 going all the way back to just around april 15th. so it's been an area of

near-to-medium term significance. if it can break through that, who knows what happens? a lot of people watching to see if this is a resistance area for the broader s&p. the nasdaq up about 1.75%, 16,136, led in no small part by that big apple report. and the treasury yield drifting lower for the better part of this week. if you take a look at that rate picture overall, that story today played out very much in terms of what's happening with apple and amgen overall. earnings report driving, this and apple and amgen both dow components. about 80 points for the dow is coming just from apple and even more so from amgen, moving around 270 points of the dow's move today. so keep an eye on those particular stocks. weight loss plays a part in that story. we'll talk more about both later on. and the ten-year note yield, we want to show you what happened

around 8:30 a.m. even time with a report that came out for jobs. you can see that sharp drop in terms of long-term yields going over there, about 4.758% going back 24 hours in a drop all the way kind of down towards that 4.45 range so far today. back up to 4.51. but that rate story is a big deal for a lot of traders out there. that's where we begin, with today's cooler than expected jobs report, the big question now for investors is whether it's enough to move the needle on when the fed will begin cutting interest rates. steve liesman has been all over the story, and he's got a closer look at the numbers. we saw the market reaction. take us through the story about what happened with jobs. >> it's a weaker but not weak jobs report that, as you just described, tiered the markets. but stepping down from a worrisome growth rate that is giving markets some greater confidence that the fed may have confidence to cut rates perhaps by the fall. here are the numbers.

175,000, below the 240,000 estimate and down from upwardly revised 314,000 in march. unemployment rate, 3.9, up from 3.8%. average hourly wages stepping down, and that brought down the year on year to 3.9%, the third monthly step down which is what the fed wants to see. the 26th straight month of the unemployment rate being below 4%, only beaten back in the '50s, and almost in the 1960s if you take a look at that trip down memory lane there. health care was the leading place where jobs were. it has been a perennial leader, up 56,000. retail doing quite good, up 20,000, and the goods-producing sector, that's a good number for construction and manufacturing. the rate cut probabilities for july and the jobs report gave it another boost there. the july probability now 35%, from 24%.

still a long shot bet, but a bit higher. september is looking more likely or the market is more confident in that, up to 66% for being under 50% earlier this week. none of this guarantees lower inflation or rate cuts. the ism service sector suggested more price pressure. if you put together easing job gains that remain above average, they offer a prospect where consumers have spending power, especially in the service sector that could lead to rate cuts. you have confidence, and then the rate cuts. >> a lot of ifs going on. >> but we got good one. >> so let's bring in another voice to this conversation. our next guest says the moderation in wages and job gains will be a relief to the feds. she still is expecting the first rate cut to happen this year in december. joining us now nor the

conversation is diane swan, chief economist at kpmg. steve laid it out for us. take us through whether you think this is the game-changing type report or whether this is one more data point in an otherwise middle transitionary phase for the u.s. economy. >> i think it's more of the latter. one of the things we missed on in this month is we saw half of the job gains in health care and social assistance, but we didn't get the big increase in state and local hiring that we have seen. yet we know job openings in the state and local sector are -- remain extremely elevated and have bucked the trend of cooling job is openings out there. we have seen wages pick up, but a lot of union contracts didn't reset until later. now they are catching up, and we just lapsed the february 2020 level on the level of state and local hiring in november of last

year. so there's still a lot of room to run in that sector, and i do think it's also important that job gains were much more broad based this month than we have seen in recent months. >> what's interesting about the moves and where the rotation of the jobs have been, the job creation has shifted from kind of like the immediate post pandemic in the recovery and travel and leisure, leisure and hospitality has been that big, more volatile upside and maybe downside part, to now health care and social assistance as you point out. those two industries could be almost considered defensive, less economically sensitive. it almost seems like there's a shift away from artificial intelligence, which some folks tell us is still very hot, into certain parts to have economy that are more focused on things that we need every day and less on economic sensitivity, diane. >> well, that is true to some extent, although i would counter a little bit that one of the

things we saw come back, and we also saw come back in an extraordinary way in wages in the first quarter, and cool a bit into april but really was transportation and warehousing. that was one of those sectors that came flying out of the initial lockdowns. we saw transportation and warehousing pick up from online. in 2023, the sector was pretty much in a recession, in a funk. we saw a rebound in that employment. that was the second largest employment gains we got this month, and it's been rebounding since the beginning of the year. that's where wage gains have been, as well. >> steve, the wage picture is what we want to focus on, the idea that americans are making enough money, growing their wages to account for inflation and a little bit more. that little bit shrinking each and every month. sit enough to make them feel a little more comfortable about where interest rates are? >> you know, i've been trying to think of what would make people comfortable and when they will

adapt to or otherwise internalize the new price level. they're not there yet, nobody is there yet. there's still sticker shock going on. so when it comes to sentiment, we're a ways away from people feeling confident. they don't look at their paycheck and say that's enough. i think they look at the idea separately of my wages are x and prices over here are y, and they're quite a bit higher still from where they were before. so i don't know what the behavioral economist would tell us about when you start to feel comfortable with the new price level. but they're going to have to get used to it. no matter who is president in the next several months when we get that done, they're not going to be advocating for lowering the price level. the price level is the price level. the question becomes, can they simply attenuate the amount of incross on a monthly basis? i expect that to happen.

i was just thinking when i was reading my report, you probably have to weekly adjust my optimism. i'm a little more optimistic on friday than on monday. i'm optimistic on this report. >> i think most people are. generally speaking, this is one of the points that a lot of folks are making about the sentiment and how much this is a new normal and how people can adapt to it. so diane, do people adapt to those new levels? >> well, i think there's another caveat to this, and that is, you know, buried in the em emplemployment concept, the acceleration was in the service sesector, that's great. powell doesn't want to look like the enemy of wages. but when you look at the data and you saw it in the employment report, as well, the lowest wage workers that saw that leveling up of pay initially they went from non-essential workers to essential workers.

these are the frontline workers that were hit the hardest by layoffs, and they saw a big move up in their pay. they, for a brief period of time, outpaced inflation. by the first quarter, we're losing ground again. those low-became workers, that's where some of this tension is. they're now below inflation on their wage gains. that's sort of a huge whiplash for them. having a moment in the sun to only get burned by inflation, that relatively, i think, is hard, as well. and that's one of the things we're dealing with. the other issue is the level of prices are high. but the level of prices for things that are most essential to people, everything from shelter to getting their vehicle insured and getting to the job that they have have gone up in price, and that's really important, as well. >> the steepness of the price rise is another element, right? >> yeah. >> if you were kind of creeping along, even at a 3% rate over

time, if there was a sharp, upward movement of prices, that's what it's going to be. you don't remember what prices were -- although i did recently get on -- pay a toll that i used to pay 35 cents for that i now pay $5. but you don't remember the sloping of prices. >> there's a reason the fed is at that 2% inflation rate. it is a tolerable level and easier to run the economy at 2%. 3%, i think is not off. >> diane, last word to you. this is also a jobs report that shows maybe more of that transition in the jobs economy right now. we are seeing prime age, and i hate to use that term, but that's what they say, prime age females in the workforce. those of a certain age group are participating more in the labor force now than their

counterparts on the male side of things. is this something that you're paying attention to, as well? >> well, absolutely. we had more than a 23-year hiatus before we hit a new record in the month of april that's the good news. the bad news is, we're lagging every other major trading partner and major economy in the world, and that's important that we're lagging. it went from leading in female participation to now lagging. there's another issue of male participation, which is also very sad. but that movement in the prime age participation for women occurred almost entirely among women that are college educated with children under 3. they were able to take advantage of more flexible work schedules where the child care crisis, and the number of people out due to care responsibilities hit a record high in march and only came off slightly in april. lower wage households, those women that are women of color and with a high school degree or

less, are now suffering more from this economy. and that gets to the underbelly of the lower wage workers that are struggling, because they have a crisis in child care in addition to everything else. >> thank you both very much for the conversation. appreciate it. all right, guys, our next guest says that only one cut is in the cards for this year, and he's bullish on three sectors. two happen to be interest rate sensitive, and one more is characterized is more defensive. let's bring in the founder and ceo of destination wealth management. michael, thank you very much for being here. let's take us through with the conversation we just had on the economic side of things and frame what that means for market and what that means for investors, where can people feel good about putting their money over the next several months? >> well, first of all, dom, i think what steve said was very, very important, which is he made the point that it's a matter of

people getting comfortable with where rates are now, rather than expecting rates to significantly drop. there was a sentiment that if rates didn't drop, the market will blow up. that hasn't happened, as we have a more gradual pace upwards. so i think -- excuse me, a more gradual pace downwards. so i think we're in a situation right now where we have to let the market settle in with the new new normal, which is rates not coming down. if people can embrace that, and i think they're starting to, i think the markets are going to be fine. i think it's going -- people will get adjusted to it. >> but also means there's going to be outperformance in certain places over others. you mentioned some of the places we do think will be better positioned for investors given the rate outlook. where do you think those sectors are? >> well, i think the, the obvious sector, which is sort of been selling off as of late is the whole ai tech space.

apple's announcement, or at least tim cook's sneak preview on what he will be talking about next week was about ai and some of the initiatives they have in place. i think financial services, if the economy does not go into a recession, and interest rates are high, then you'll have net margin rates that will be higher for financial services companies, and that's going to be a positive for financials. and then pharma, which has been really frankly horrible over the last couple of years, i think in the end, dividend rates are going to outlast the high rates for treasury. so as treasuries start to decrease in terms of yield, given the rates on pharmaceuticals get to be more appealing and hopefully eventually there is vaccine technologies that start to kick in, which we expect to happen in the next year or so. >> people haven't been talking about vaccines when it comes to health care at all these days. there's only been three letters

and one number that have mattered to most health care investors, and that's glp-1. so anti-obesity is like the ai of health care. is the health care story going to broaden out over just weight loss and obesity? >> we believe it is. if you look at the new technology that led to the covid vaccine, you know, we were talking to a senior person at johnson & johnson who told us it would take ten years to come up with a vaccine like polio. it took a year it turns out. so i think you'll see that acceleration in many areas, including cancer treatment. you could very well see that in some of the alzheimer's treatments and some of the initiatives underway there. we should not underestimate this weight loss -- what's the word i'm looking for -- >> trend. >> trend, that's not strong

enough. this fanaticism that people have towards weight loss, everyone, it seems, thinks they're overweight, even people that aren't. so i think you're going to continue to see huge demand, if you do local checks, you see the weight loss drugs are sold out for months, who knows when they're going to be in stock. so i think there is some tailwinds setting up for pharma. if you've been in pharma the last year or two, it's been awful. this is a good price now given how far it's fallen. >> all right, michael, thank you very much. have a nice weekend, sir. >> thanks. coming up on the show, apple is hitting its highest level since february and having its best day in 18 months after posting an earnings beat and announcing the largest buyback program in history. but laura martin says there's one weakness in the company's report. we'll ask her what it is and why.

plus, a boomerang edition of "three buys and a bail." we are four names that have seen their leaders leave and return. our trader is here to tell us which to scoop up or stay away from. "the exchange" is back after this.

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after the company announced a $110 billion stock buyback program which overshadowed a drop in iphone sales and fiscal second quarter earnings report. that's by the way the largest ever for a public company, and it's much higher than forecast. our next guest says while this is good for the stock right now, the longer term issue is whether apple is doing enough, enough to be relevant in the next technology disruption. of course, that's ai. or whether it's still stuck in the last one, which is obile. joining me now is laura martin, senior analyst. laura, this is a conversation that maybe isn't new, because a lot of folks have a concern about apple's ambitions and plans in artificial intelligence. take us through what's most worrisome for you and what apple needs to do to right the ship. >> right. so what's most worrisome for me is the fact they just announced $100 billion share refurpurchas

which is fantastic for shareholders today. but google, alphabet, capex up 5%. like, these generative ai companies are raising capex enormous a, and apple says ours stays the same and we'll take $100 billion and rather apply it to the next tech revolution, we'll buy back shares. that's problematic on the five-year time frame. what is can a company like apple do with a war chest, an incremental war chest by the way, because that's just what they're buying back for stock, what can they do with $100 plus billion to deploy? what if they were hypothetically to do something for capex, what does that look like at the scale of $110 billion?

>> that's a great question. i just think their vision is so focused on mobile, which was the last revolution, that they can't actually get out of the box of mobile. and they probably can't spend $100 billion in the mobile ecosystem. but this idea that amazon and alphabet and microsoft, it's about retooling off of american business, to the cloud, with lower costs, with fast search, new product innovations. they're talking about revamping the winners and losers in all of american industry, which is $3 trillion a year. that's what these big guys are playing for, and apple is talking about the mobile ecosystem. it feels very nichy, even though it's a global business. >> so speaking of hyper scale, there is no more hyper scale than most people would characterize the install base for apple's users, whether

they're iphone users, ipads, mack computers. they have a loyal user base. what can, in your mind, apple do to change its narrative in artificial intelligence? is it a mobile assistssistance? microsoft has chatgbt and co-pilot. you have meta rolling out their ai search on instagram and reels and whatsapp and everything else and facebook. what can apple do with that install base that makes it that much more palpable for ai investors? >> right. so within the mobile ecosystem, which i'm characterizing as narrow, they can do a lot of stuff with ai and generative ai. they can see that if you use these apps on your phone, another million people who use those apps also use this other app and they can drive discovery of more use, because they know what you're using on your phone. so they can make the usage of your iphone more efficient by

looking at how other people are using iphones. they can look at elevating new apps, they can recommend you try this or try that. so they can do a lot within their ecosystem, because they have the best information. but it all feels very small and very scaled to make their competitive seat more efficient. it has nothing to do with retooling all of america's business. >> this is not just apple. every telecom company is running into the same kind of hurdle right now, and that's more government oversight and regulation. anti-trust concerns. we have a lot of these companies that are being blamed for already doing too much and being too intertwined in our lives. how do these companies, and apple specifically, straddle that line, toe that line to make something revolutionary, and at the same time, keep the government out of its business. >> right. so i think first of all,

acquisitions are off, that the governments around the world think these companies are too big, so no more acquisitions for them. if they create innovations that make their products stickier or garner the next consumer dollar, i think it's very hard for regulators to get involved there, because they will keep getting larger. but how does the regulator say stop having consumers pay a 50% premium for your product? i don't think regulators can get involved at that granular basis, but it does limit the competitive choices. they just have to make their term lower. >> laura, i want to leave with just one more question on a company that you know a good amount about, and you mentioned this idea of acquisitions. i want to pivot to paramount and the deal saga and drama that's

going on there. this is also a consumer focused company, but on the media side of things. what do you see happening with regard to what's going to be in the future for paramount, who owns it, what does the catalog look like, what is this company going to be in the next 12 to 24 months? >> i really like this bid from apollo like better. i like apollo's owner a lot better. i don't like the sky dance deal. so i think that paramount needs to get sold, and i think that this transition from a fundamental story to an arbitrage story is the right way. this company needs to change hands. they'll ex it up and sell it to somebody else in three to five years. but i do like apollo and i like the bid better for shareholders and i like them as owners more, as well. >> laura martin, thank you very much. have a nice weekend, laura.

all right. berkshire hathaway is one of paramount's biggest share holders, and we'll hear from warren buffett himself tomorrow at the company's shareholder's meeting in omaha, nebraska. live coverage on cnbc.com begins at 9:30 a.m. eastern time, tomorrow. coming up, we're looking at the under the radar but growing part of the american labor market. that's coming up ahead.

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welcome back to "the exchange." i'm kate rooney with your news update. the trump hush money trial on a lunch break. when court resumes, hope hicks will ba back on stand. she testified about the release of the "access hollywood" tape prior to the election and her first instinct in responding was to "deny, deny, deny" which became unsustainable after audio

was made public. after multiple outlets, inc including nbc news, reported the justice department was expected to announce an indictment against democrat henry quarer today, he said he and his wife are innocent of any wrongdoing. the specifics of a potential indictment are unknown yet. officials in houston are urging residents to brace for more flooding after days of heavy rain led to evacuation orders and high water rescues. officials said one of the rescues included a stuck school bus with children on board. but everyone was rescued. back to you. >> kate, thank you very much. coming up on the show, a bill banning imports of russian uranium is on the way to joe biden's desk for signature, opening the door for american companies to step in and fill the supply gap. we'll get the state of the play and speak to one of those ceos, coming up next.

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it's a beautiful... fund investment objectives, ...day to fly. wooooo! welcome back. uranium stocks are jumping after the senate banned russian imports of enriched uranium. that bill goes to joe biden who is expected to sign it into law very soon. pippa stevens is here for what

it means for the broader industry and the implications for u.s. policy. >> this was a long time coming in the sense that multiple rounds of sanctions against russia, but their nuclear industry was note my absent. in the u.s., we get nearly a quarter of enriched uranium from russia, making it the largest foreign supplier. the senate moves unlocks $2.7 billion for the domestic nuclear industry. the u.s. now produces less than 1 million pounds of uranium per year, while demand to fuel our more than 90 nuclear reactors is 50 million pounds. spot prices hit a 16-year high, which is enticing some companies to restart operations. it will still only be a small fraction of global mining. canada and kazakhstan are the

major producers. dom, adding 5% this week. back to you. >> thank you very much, pippa, for the state of play there. shares of uranium energy corps up 4%. it's a domestic producer that shut down some of its mines in the wake of the 2011 fukushima disaster. but they plan to bring those back on line this year. a n and in 2025 to meet demand. joining me now is the ceo. amir, thank you very much for being here. thismultifaceted story, because it's the crossroads of so many current themes. what sit about u.s. yuranium production that needs to change to be better positioned in the country? >> three words, grow, grow,

grow. >> that's like drill, drill, drill. >> we used to lead the world in uranium mining before the collapse of the soviet union. following their collapse, we made room for them in the western markets. and this is the reversal of that, where we're seeing a repatriation of the nuclear fuel cycle, that the $2.7 billion being provided in policy and the russian uranium ban should provide. there's every intention to see growth in front of us for the domestic industry for all the reasons you mentioned. >> so for the oil industry, it's about trying to find proven reserves, find out where the commodity lays underground. does the u.s., does domestic u.s. territory have the ability to support ramped up production? how prevalent can we make the business in the su.s.? >> 100%. the state of wyoming has

produced more uranium than think other jurisdiction. we have a 40 year history of mining in wyoming and texas. so the know-how and knowledge is there, and mother nature is there. it's like oil and gas in the sense when we were importing over 50% of our requirements in early 2000s, it didn't seem feasible to think we could be exporting natural gas or oil. in the u.s., we have the right ingredients and companies like ours leading the way to restarting uranium. right now, we're importing 95% of our uranium requirements. it's so critical to the intersection of energy sector, national security, energy demand for ai. what if we have russian retaliation? we should talk about that. the risk here of what pippa was talking about, that if we get a retaliation from the russians to

halt exports to the u.s. sooner in reaction to the ban, then we could see even further risk to higher prices. >> this is a capital expenditure story that's not one or two or three years in the making. to get these lines up online, could be up to 20 years to get us to scale that we need. is the industry, is your company prepared to haik that kind of commitment, giving the sentiments around nuclear power in this country? >> i started this company 19 years ago. we've been committed for 19 years. since the downturn we had in uranium, it was a hated sector for a long time, my company has made close to a billion dollars of acquisitions of idle mines and projects. when prices were between $20 to $40 per pound. today it's over $90 per pound. so clearly the commitment has been there from folks and companies like uec, that have demonstrated we want to lead

u.s. uranium product shun higher. this is a long dated industry. these are long-term trends. and dom, i think we're going to have higher prices for longer, because even where the price is today at $92, we're well short of the all-time high on an inflation adjusted basis, which is closer to $200 a pound. >> nuclear energy is the new renewal energy power source that we know, so to speak, versus some of the other technologies out there. but there's been an overwhelmingly negative sentiment with nuclear power in the country. do you think that's changed off around the demands we need to make people feel like we need to be more comfortable with nuclear power? >> this morning, there was a report that data center developers in northern virginia are looking for the equivalence of several nuclear reactors power capacity to secure for

these new data centers. several new reactors provide enough power for 3million households. that's the scale and demand we're talking about, in the sense that as we look for this to be realized and look for economies to become more electrified and things around electrification become more important, there's no doubt that nuclear energy is the debt option we have for emission free power. and uranium is the highest form of density that we know on the planet. the fuel really has a huge advantage that i think we're starting to see that broad acceptance for. and to build that pass, there was bipartisan support, unanimous support in the senate and the house. hopefully we'll see joe biden sign this any way. >> it's a big trend to watch for sure. amir, thank you very much for joining us. >> thank you, dom. coming up, health care led

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(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. welcome back. as baby boomers continue to age out of the workforce and industries like health care and

food service space, major labor shortages, one segment of the population is stepping in for the work. kate rogers joins me now with that story. kate? >> hey there, dom. immigrant workers are helping to fill much-needed roles at -- the program has helped 185 immigrants work toward becoming u.s. citizens, including this man. he was able to bring his daughter here from haiti through the worker program, and is now hoping to have his wife join and attain citizenship, as well. >> it's a good opportunity. when i come here, when i was working here, my friend told me, if you're working here for a couple of months, we're going to help you to be citizen. >> 40% of the 1200 employees are foreign born, filling gaps in the labor market and caring for

aging americans where workers can be hard to find. swez need more hands to provide care. about 70% of 65-year-olds are expected to need long-term care in the future, so we need a lot of hands to support those needs. right now, one of the best ways that we see to find that is through people coming from other countries. our global talent. there's a huge competition for them. >> beyond elder care, they're filling key roles from tech to agriculture, as boomers continue to leave the workforce. >> so these folks are not taking jobs, they are helping to bolster and adding needed workers to the labor force. >> now, that's a key point, dom, as prime working age individuals that you saw at the beginning, age 25 to 54 are still participating in the labor force at levels higher than they were during the pandemic. so these workers are additive, not necessarily taking away jobs from americans who want to work. they're filling roles that can be hard to find workers to fill.

>> kate, how much of a boost for the economy has this group of immigrants given the overall economy? >> yeah, so the congressional budget office projected that the labor force will be higher by more than 5 million workers in the next decade, and much of that, dom, due to immigration. that's expected to grow gdp of the next decade by $7 trillion more than it would have been otherwise. $1 trillion more towards revenue. so these are big economic boosts here. economists on wall street, even the federal reserve chair, all talking about what a boost it is to the u.s. economy over the last few years. >> kate, thank you very much. coming up on the show, the boomerang boost. starbucks shares are down about 4%, but up 9% during howard schulz's third time leading the company. we have the three names to buy that have had boomerang ceos at the helm and the one to bail on, coming up next.

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chef's kiss. welcome back. sometimes in an effort to breathe new life into an organization, a company will bring back a former ceo. one of those companies reported this week and we've got two on deck. let's get to three biuys and a

bail. we have victoria green, and a cnbc contributor. first off the block as the serving of ceo of twitter from 2006 to '08, jack dorsey returned in 2015. later that same year, he took his other company, square, now known as block public. he stepped down in 2021, and then dorsey boomeranged in and out of twitter, block shares surged 1,500%. victoria, do you think dorsey's split role made a difference there? >> i do. i do. i love him as ceo. i love his direction, and i feel like he has a lot of confidence in where with he needs to go. he's pushing more into bitcoin, more and more into travnsaction and afterpay, and it's not just services, but it's great company. he's looking into how block train will work in the future and becoming that digital, global banking and i love the direction he's taking it. square is definitely a buy. >> thank you very much. next up here, let's talk about

disney. bob iger's successor, only lasting about two years before iger returned in a 2022 effort to renew growth lost during the pandemic. disney shares are up more than 20% since iger retook the helm and he's fended off nelson peltz in a proxy fight. can the magic keep going? >> yes, absolutely. buying the house of mouse, and i have a question of if he actually ever really left. he has a strong vision. he got rid of the proxy, and stopped the fight with florida. they're refocusing on generating good content. they have a solid slate in 2024, but who isn't going to watch wolverine versus dead pool, and then you have mufasa, and the winner. they've got good content on disney plus, and they're figuring out paid sharing and they only have this direction if they can get that creative spark back, if they can get back to

being disney, which i think iger is good at, then this stock has a lot of upside. >> all right. so from disney to the final buy, which is under armour. the ceo returned after a month after more than a four-year absence during which they went through two ceo changes. does kevin plank's return play into your bullet thesis? >> it does. i would look at dollar cost with the stock under seven. i don't think this is going to be a super quick turnaround. they have had a lot of turnover, and they have had new management. two-thirds of their management is new over the last year. there may be more house cleaning, but he's the founder of this company. he made a very successful company, but there's questions he's going to have to find his direction. i like the way they were going. they've got to have their under armour rewards getting into women's fashion athleisure, and i think theis going to take the

company, reinvigorate, and stop the revolving door of management. that has really, really hurt this company because every two years they have been ripping up and starting over. might have to start over here on the third time, but i think this one's going to stick, and i see that that could then drive future growth for the stock. >> that's under armour, and now for the bail of your opinion,which is starbucks. the ceo was ceo on three separate occasions with his final term from april of 2022 to march of 2023. the share is down 25% since he took over in september of last year. victoria, what do you not like about the starbucks trade? >> a lot. for me, you can bring in warren buffett to be ceo, and this company has structural problems. they're facing so much more competition, and it's so saturated. the coffee market has so many more quality kcompetitors. even if you think about it, starbucks was the end all be all. now you have dunkin who's

focusing on coffee, and mcd mc mcdonald's, and you have other companies and tim horton's. they have 39,000 global stores or something like that. how do you grow money if your consumer can't pay more for coffee, and there's a lot of competition at reasonable prices making it hard. i can't do it. >> there's your three buys and a bail. victoria greene, great to get your thoughts. have a nice weekend. >> thanks, dom. that does it for the exchange. before we go though, check out shares of goldman sachs hit a new record high from their recent lows back in october, and speaking of banks, don't miss our interview with citi group live from the institute, the global conference that's happening on monday. that's going to be right here on the exchange, 1:00 p.m. eastern time. "power lunch" is up next. leslie picker is getting ready. i'll join her on the other side of this quick break.

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welcome to "power lunch." she's leslie picker. i'm dominic chu, and stocks are in rally mode. bond yields falling as the jobs number comes in short of estimates, and the employment rate rises, but markets seem to be going with bad news is good news if you want to call it bad news, leslie. >> exactly. and two stocks accounting for a big portion of the dow's