welcome everybody to power lunch. 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 google last week to power a new version of its meta ai chatbot. the most important thing here for meta is engagement, proving this keeps people using meta apps like whatsapp and instagram and facebook. it debuted to millions of users last week starting with a huge

user base to start with there. one thing to listen here is any hints at co-pilot sales. that's the digital ai assistant they're selling, and a taste of ai revenue growth from the azure cloud unit. over to alphabet, reorganizing their product teams ahead of ai this week, including bringing ai researchers into the broader ai unit called deep mind. and then next week we'll start with amazon. not much consumer facing there in ai, but does have a lot of ai hosted on its cloud, and that is the metric to look for. sales growth there. then apple, the lively of the bunch here. not much of an ai story right now, but expecting that to come at the developers conference in june. more concern right now around declining sales in china. and notably like i said, shares are only negative in one of the group down 14% year to date, guys. >> all right, steve. thank you for setting us up there. for more on tech earnings, let's bring in senior analyst at jeffries. it's good to see you. brent, what do you see in the

tone of tech going into these big earnings? >> the town is really mixed. it's overweight semis and hardware. it is real negative software. i'm primarily a software analyst. so software is down 2%. semi's are up 16% year to date. so it's very different. we're dealing with kind of beach weather in semis and hardware, we're dealing with an arctic blast inside software right now. so i think it is so negative in software. it bodes well for a lot of these companies. they are making so much money that they had no time for me. they don't really care about the group. and i think that's a signal in the last year and a half, i haven't seen it this bearish on software. so, you know, semis and hardware, investors made the most money. they want to continue to ride those stories. but i think at some point you're going to see a transition inside tech back to

software. i think everyone is waiting for the summer, waiting for more ai data points. so it is, again, a tale of a beach and an arctic blast in software. so it is very mixed right now. >> who would rather be on the beach? let's start with meta about earnings this week. you heard steve kovach there talking a little bit about ai increasing engagement in instagram and whatsapp, really all of its broader platforms. talk to me a little bit about the opportunities with meta? >> yeah, meta has some of the best internet. advertisers will continue to go there because of the effectiveness of their platforms. so we continue to see high engagement. advertisers are spending more money. there is definitely a shift to meta, even away from google and other social platforms. and they have been trending that way since last fall. i think this goes through, you know, the privacy laps, the

refocus on ai, and the quality of instagram platform is like no other platform for advertisers to be on. so we will continue to hear good things. they will generate more ad dollars than the rest of the industry. theyfectively continue to be very disciplined on expenses. so zuckerberg, every call opens up saying we have three billion people touching our platform every day. we are focused on doing it efficiently. when they keep with that tone and they continue to roll out some of the innovations like they are doing with meta ai. that there will be more users that want to be on the platform. and here they will continue to hear good things from the field about where they sit. >> i was speaking last hour about meta and whether it will get sufficient credit for its positioning in ai. that it may be sort of a stealth gain in that area. would you speak to that point and compare it on ai with, for

example, microsoft and google? >> yeah. i think they're stealthier. i think if you think about where they sit is, right? if i'm sitting in my office, i'm not using meta, i'm using microsoft. so i look at microsoft and amazon as a great way to play ai for the enterprise. for the consumer world, meta and google and others are in a better position. so we kind of put our investors in different buckets of hey, this is more of a consumer facing story today. over time meta can get into the open source. it is one of their ai languages. we think that could be a big business over time. so today it is largely consumer facing. it could be over time they have a mini enterprise business inside the company. but today it's, you know, simple things like you're a small business and you want to have a sidewalk sale, and you want to create a campaign. well with ai, you can create these campaigns with maybe not bringing in expensive video shoot and makeup artists and

all these things to create the campaign. finding people on the platform. >> brent, you think the ai winner out of this group though is microsoft, why? >> in the enterprise and for consumer it will be meta. but for the enterprise, microsoft has led the charge, they have been out in front. they have nailed this. they have a partner with the best ai com, open ai. they engrained it in every single product manager that you're going to have a co-pilot in every one of these businesses from security, infrastructure, all the way down the stack. they're monetizing this better than anyone in software, and they're the most trusted right now, which is a huge thing in ai. and so for the enterprise, microsoft will win, and they are laps ahead of anyone else. in consumer, meta will be in a really good spot. >> really appreciate your insight, brent. thank you for joining us, brent thill. >> thank you. all right, many investors hoping the tech names could

help the market regain a little bit of the footing as the s&p comes off six days of declines. stocks oversold. will it drive us even lower? joining us now to help last week's downturn is the chief investment adviser, ceo and founder in washington and also a cnbc contributor and one of the longest serving ones of all. michael farr, good to see you. you say the markets may be due for a bounce? what tells you that. to the minute, what will it happen? >> okay, to the minute, i think it's happened, tyler. thank you very much. i usually never answer that question with a straight answer. but it does seem that we follow the pattern last week that started out again today. futures were a little bit higher. they couldn't sustain any strength. and every day followed the same pattern, where stocks traded lower and lower and lower. a little strength in the morning, lower. showed that again this morning

and it indeed moved lower, then they found support technically and have risen higher. i've got to tell you, mike santolli and his weekend article absolutely nailed it. one of the best articles i've found in a long time. he's so good. this guy is so good. but i commend this article to everybody. they should really read it. mike's line was the work of a pullback in a bull market is to unwind overaggressive positioning. drain excess optimism. reset expectations, and take prices down to meet fundamental buyers convictions. that's what i think we've seen so far. so we have had a pullback in a bull market, and had the buyers come in. we need to see another day or two. certainly a bit of a bounce here. we could revert, but this is the bounce you look for at least to put us to the end of those six days, tyler. >> and yet you think -- the fact there's a bounce does not

necessarily mean there is another leg higher in this bull market, right? or what should my interpretation be? >> absolutely, yeah. so what happens now on the technical basis is the stock prices will have some rally and they will see if this is sustainable. we have reached an oversold condition. now we're going to see if this bounce back is sustainable. the feds are in a quieter period. you could get a little more strength out of all the earnings calls this week. then it's back to the fed. we have been through the same pattern with the federal reserve where the federal reserve and fomc has said we're going to be data dependent, and we're going to be really cautious until we see the real whites of inflation. and the markets created their own narrative of six or seven eases this year. the fed never endorsed that. when the market narrative runs into the feds actual actions, there has been disappointment and trade downs after the feds

meeting. we will see if that happens again. if they the markets after the next fed meeting again. and they say it will be longer before we see the rate cut. i think you'll see a renewed pullback on the fallen prices again. >> if all of that is the case. you're quoting mike santolli. cowards live a long time and no one ever went broke taking a profit. are you suggesting right now is the time to be cautious, keep your money in a money market, and what about the ultimate safe haven, gold, which has just kept climbing? >> cowards live a long time, and i'm the guy that typically lays up rather than takes the long shot over the water when i'm playing golf too. i save my golf balls that way. i save my money this way. prices are still very high. there is a lot of conflict in the world where we are still near all-time highs. there are a lot of outside

positions. it's never a problem to trim some of those. you don't want to take capital gains for no reasons, so you do have to be cautious. but the old line that you sell, well, how about raise a little bit. take some profits if you have them in these outside positions. do a reevaluation here for the end of april. i would rather miss out on the last 10% to the upside. but for now the economy is in good shape. things are okay, but things are not cheap right now. even after we've seen the bounce back of one and a quarter percent, caution is the rule and complacency that's the danger. >> if i want to follow your advice and take some profits, where -- very quickly, where would you put that money and store it? would it go straight into a money fund at 5%, treasuries, what? >> so two places. one, if you don't own like the

microsoft, the amazon, and google. if you don't have some core positions there, those are core positions for me. i would look at the stock that hasn't performed all that well and has pulled back for some other reasons that has a reasonable growth rate and kind of a core position in the consumer less riskier area. money market at 5.3% or 5% anywhere in there the treasury bill right now three months is around again, 5.3%, 5.4%. you're still etting paid to wait and be cautious, and there is a lot of money out there that seems very patient in waiting to see also the white of inflation eyes. and they will sound the all clear. >> wow, the white of inflation eyes. i mean that's really saying something there, michael. >> it's vivid. >> thank you. >> thank you, all. coming up, today is earth day. there is a big money at stake as well. global funding into clean

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has won its own climate conference starting in june. here to discuss it with us is governor maura healey. governor, it's great to see you today. you know it's interesting because when we talk about a climate conference, you can find one nearly every day of the year. so what makes this one so important for the future of massachusetts? >> well, contessa, thank you for having me on, and happy earth day. this is really unique. what we are doing hasn't been done before. this is a conference we hope to be able to have annually, but it's a conference that will bring together the best thinkers, leaders, business people when it comes to climate tech. when it comes to the technology that's going to help us decarbonize, our buildings, transportation, manufacturing. and also help us with the solutions, resiliency and the like that will help mitigate against some of the affects of climate change. so it is unique it in that we're bringing together

researchers, scientists, business people, entrepreneurs, investors. i'll say massachusetts is number one when it comes to venture capital per capita, and what we are seeing in massachusetts is there is incredible interest in investment here in climate technology. so we're going to show that off in june, and my aim really is to make sure that massachusetts become the global hub for climate technology. >> and that, of course, would mean a boom to the local economy as well with jobs and things like that. here is venture capitalist who is a part of speed and scale that's a climate action platform who says look, yes, we need to get things done in the long run, but we need to do it quickly, and we can do it quickly. but in this space where we are not meeting our timely goals, our heavy industry. the food industry as a whole and carbon removal. are those issues that are important to you as the governor of massachusetts? are those things you think if

you could convene all the stakeholders, you could bypass bureaucracy? >> absolutely. i completely agree with them. this about using technology to really help us leapfrog with some of the innovations that we need. i mean we have these climate goals out there in terms of all states in this country. we have goals that are around reducing carbon emissions. but at the end of the day, those become goals unless you have a way to operationallize things. we are home to some of the greatest rnd in renovation, and also entrepreneurs who are pioneering new ways to bring technology to mitigate climate change in the very ways that you and the commenter was speaking of. so that's why this is so important. not only is it important for addressing climate change, there is also a huge upside in terms of investment and economic growth for our region in particular if we do this right. so that's what i'm hoping to

land here, really create an ecosystem where we become the hub for global innovation when it comes to climate technology. >> governor, i think sort of naively about the various ways that government could encourage climate progress. i think of direct subsidies to companies, indirect financial incentives. i think of private investment that could be made. i also think of regulatory incentives, in other words penalties for failing to live up to certain standards. which of those or am i leaving some out, which of those in your view is the most effective and the most righteous way to do it? >> well, i think you've got to do all of the above. that's what we're trying to do here in our state. you know, i announced the country's first green bank for housing that's really focused on how to decarbonize our housing stock. i know that with every state dollar or public dollar that we put in, we have the ability to

leverage private dollars, private investment the. that's what i'm really trying to drive here through a combination of state subsidies and actual capital funding. matching that with tax credits and other ways we can support private investment and private development. that's how we're going to get there more quickly. we also too have to work from a regulatory perspective in speeding up the deployment of this technology. we can't let things get bog down with unnecessary permitting processes in the like because we just can't go fast enough when it comes to the kind of technology that we need to be deploying now here and around the world to mitigate against climate change. so i really subscribe to all of the above approach. and i'm particularly excited, you know, today we just got word from the biden administration that we would receive about $160 million in federal funding through the important inflation reduction

act that's going to help us deploy solar around the state. the important thing there is $150 million is going to be paired with what we estimate to be $300 million in private investment right here in massachusetts that will work to deploy solar around the state, which is going to help us decrease energy cost. we estimate that it will bring 3,000 new jobs to massachusetts. so it is just an example of what i'm talking about, when i'm talking about this kind of synergy that we could bring to public, private to insent the development and development of climate technology. >> governor maura healey, thank you so much for your time today. we appreciate it. >> great to be with you both. >> thank you, good luck. speaking of climate tech, you may think of the agriculture industry as being green, but it's actually one of the world's biggest carbon offenders. that's why start-ups are coming up with futuristic ways to reduce waste. diana olich explains in her continuing series of climate

start-ups. hi, di. >> hey, ty. what if i said we can now talk to plants? that plants can tell farmers when they are in distress and farmers could help them. that would not only reduce waste, but streamline the use of pesticides. sounds crazy, but it's real. even with the use of pesticides, 40% of most food crops globally are lost to disease and pests. agriculture already emits massive amounts of carbon dioxide. this waste makes it worse. that's why companies like satagro, climate field view, and a california based start-up called inner plant are working to reduce agricultural waste. inner plant genetically engineers plants making them able to communicate with farmers. >> so as the plant is reacting to the stresses in their environment like fungal pressure, insect, or nitrogen deficiency, it will start to signal. we can help farmers understand if the field needs something.

>> reporter: inner plant's technology uses fluorescents, so the leaves emit a signal when in distress. it is detectable by satellites, drones, or tractors. farmers then know what to treat and don't waste money on chemicals, which are up to 30% overapplied. >> we want to eliminate chemicals into our food system, into our soils, and also the additional costs that comes to farmers that they don't get any benefit from. >> reporter: this plant-by- plant technology is highly scalable and could be licensed to major seed companies. that royalty revenue would come back to inner plant, which makes it enticing to investors. >> if you can get this technology into every single corn, seed, or soybean seed across north america and south america, that's many hundred millions of acres. you can think about a few dollars per acre, and that all of a sudden ends up in a lot of

revenue for this business. >> reporter: in addition to bison ventures, inner plant is backed by john deere, ms&ad, up west. total funding so far, $22.3 million. inner plant is now working closely with small farmers as well as some of the nation's top agriculture producers. some have paid early access to get the technology, which will start with soybeans and then expand to other crops. back to you guys. >> sounds like technology that would come in handy for me. i'm just curious then, what's the opportunity with these fluorescents, and does it go into the seed itself or is it a part of the plant once it's, -- >> it's the seed. it's a genetically engineered seed that gets into the seed and the seed is then sold to the farmers, they plant it, it becomes a plant, and emits the signal. but it has tremendous potential beyond just the farmers. it could be to the agricultural large producers, as well as to the food producers, who are themselves, agriculture

producers. >> diana, thank you. ahead on power lunch, bracing for a ban. the house voting in favor to potentially outlaw tiktok. power lunch is returning in two minutes. with tailored education. get an expanding library filled with new online videos, webcasts, articles, courses, and more - all crafted just for traders. and with guided learning paths stacked with content curated to fit your unique goals, you can spend less time searching and more time learning. trade brilliantly with schwab.

welcome back everybody. let's get a check of the bond market. rick santelli tracking the action, rick? >> yes, ty, we are dealing with the remnants of the 10th of april's cpi and really lousy ten-year note option. let's go to the charts. you can clearly see the jump at 8:30 eastern on the 10th of april when we did that cpi release. later on in the afternoon, a very different ten-year note option kicked rates up. we're at $4.35. here we sit at 30-basis points, higher in yield. as you can see, it doesn't look like it is letting up. however, if you look at the year-to-date chart, on the 16th, we settled at $4.67. that's the high-yield close, not only of the year, but going all the way back to november. but i do underscore that that is a very significant echnical resistance level.

on a closing basis, we need to monitor that, that could be the last big area of resistance until we test potentially 5%. and if you consider on the 16th, we also did something else when we had that high- yield close. we moved towards 218 basis points, higher in yield than a 10-year european boom. that's the widest in four and a half years. contemplate how much more we are paying in interest on our time. and think about tomorrow, wednesday, two-year to five- year auction, tomorrow's two- year is $69 billion, a second record in a row verses last record, which was $66 billion, followed by five years on wednesday at $70 billion. also a new record after last time's $67 billion, which was a record. so we want to monitor because it's quite clear that the interest rate markets are paying attention to auctions in

a way they have never done before. contessa, back to you. >> mr. santelli, thank you very much. let's get to seema mody for a cnbc update. >> reporter: contessa, the u.s. is reportedly considering giving legal status to immigrant spouses of u.s. citizens who are in the country illegally. officials telling the wall street journal an announcement of such a program is not imminent, but say the white house is discussing potentially timing it before the election. immigration advocates say there are an estimated 1.1 million undocumented immigrants married to u.s. citizens. donald trump's lawyers reaching an agreement today with a new york attorney general in his civil fraud case. the deal will allow the former president's $175 million bond to stand. trump had to post the bond to appeal a more than $454 million fraud judgment against him. the ag had raised concerns about the bond's security, but the agreement today introduces some stipulations including requiring the collateral to

remain in cash. and delta announcing pay raises today for tens of thousands of non-union employees. the airline is boosting their starting pay to $19 an hour and will raise wages by about 5% for flight attendants and ground workers. this as the union does attempt to organize flight attendants. but for now, we'll see if this works. contessa? >> seema, thank you for the update there. coming up, c-suite ceos are getting caught up in hot button political issues. it costs the company big time. think personal security. ncrernpor into that when we luh tus. something amazing is happening here. climate researchers are weathering a data storm. that's because cdw transformed their devices and infrastructure with lenovo thinkpads

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for israel. antivaxxers, threatening pfizer's ceo or larry fink's push. with tensions high, many companies are upping the security budgets for their top executives with costs for bodyguards, home security systems, additional protection, sometimes surpassing $1 million annually. here to discuss is former senator heidi highcamp along with steve odlin. steve, you were the ceo of a large company. you must have some sort of insight on how ceos feel risk and threat from the outside. talk us through it? >> well, as a ceo, you are considered a public figure. you are opening yourselves up to all these kinds of attacks. usually they are written attacks in the media and social media. increasingingly ceos are getting pushed to take an issue on these hot button issue, social issues that are very divisive in our country and very political in our country. when you do that, you have to

remind yourself as a ceo that you have to balance all your constituents, your customers, your employees, your owners, and your community. you can't just indulge yourself by taking the position on the platform and, you know, supporting your own personal views. you have to do it in the context of what's best for your company. in this world though, there are crazy people out there who then threaten the safety of these people if you don't line up with exactly what they think. that's the world we live in. unfortunately it is creating safety issues, and therefore security issues for a lot of senior executives today. it's very sad. >> senator, it's no secret that we live in a polarized kind of angry country in lots of ways. ceos are in some cases put on the front lines of those political fault lines. are the expenditures that you see, and we have a list of some of them up on our board here, are the expenditures you see legitimate business expenses or

should they be considered punitive income to these ceos? >> i think they should absolutely be considered legitimate business expenses. if a business executive believes it's in the best interest, the interest to take a position on diversity, equity, esgs, then that's a business position that, if they took that position, they should be supported and protected. speaking of someone who had their life threatened and someone served seven months in jail as a result of that threat. let me tell you, you look at that number and you think about $1.7 trillion in congress congressional spending to beef up protection for our elected officials. this is the world that we live in. i hope that what we see is not a retraction of people willing to take positions, but a reduction in the amount of language that is used with

those positions, whether it is now you're an enemy of the people as opposed to i disagree with your position. and the more you say that people are, that you're threatening our democracy by picking up a position, the more people who see themselves as patriots are wrongfully will attack other people. so the rhetoric needs to be downsized. >> you know it's interesting that you say that though. since the advent of social media, what we've seen is it's very easy to threaten ceos and other public figures because all you need is your device and the keyboard, where in the old fashion days, you had to go out, get a letter, a stamp, go to the post office to mail in your threat. that's number one. number two is that i cover a lot of publicly traded companies, and it is interesting, steve. what i see is that it's pretty normal for ceos to have personal security, even those who haven't taken a stand on any controversial issues. >> well, remember, you know,

these security issues didn't start with esg and some of the latest hot button issues. they've been issues all along. as they are public figures, they are at risk from employees that are upset about something or a community issue. there are crazy people out there. there are a lot of divisive issues. but these clearly are not perks. unfortunately a lot of the activists position themselves as perks when, in fact, they are absolutely required, you know, even private travel is required in order for security to be assured. these are positions that the board of director that these companies will want the ceo to take that they will have to take to support their employees. but in a divided country where you've got half of your constituents on any issue, disagreeing with you and a lot of crazy people out there, you know, that these issues can happen. so the security of senior executive is paramount. safety of people is paramount. >> senator, if we were to broaden it out, and steve, if

we were to broaden out the conversation away from what seems like defensible expenditure for security and protection of individuals who have sensitive jobs in the corporate field. where, senator, and when do you think it makes sense for companies and ceos to speak out on socially divisive issues, whether it is abortion or transgender rights, or whether it is esg investing or environmental causes. if you were to advise a corporate board or a ceo, what would you tell them? >> i would tell them first and foremost you're acting in the interest of your business and of your shareholders. and if that position is consistent with what your shareholders want to be consistent with their business purpose and consistent with maintaining good employee relations, you have to take, you know, on behalf of yourself

or on behalf of the company, a position. and you shouldn't be afraid to do that because there is the potential of these threats. we've got to get beyond that and basically get to a more civil kind of dialogue about disagreement. that's the problem. it's not taking the positions. it's that people believe once they take the position, it is within your right to attack that person, to threaten that person, to try to intimidate that person. and i think the last thing we need is intimidation of speech. >> how much, steve, has social media inflamed this issue? >> well, it has made it immediate. i agree completely with senator heitkamp on these issues. i just think the conference board has written a lot on the framework that companies should put in place that the board of directors and the senior leadership put in place to try to judge what to comment on and whatnot to comment on. it's not, you know, necessary that their ceo comment on every issue that will come along.

it is not jermaine to their core of business or it is not germain for their people. and then there is the internal kind of comment verses the external kind of comment. and there needs to be some judgment that is put into place and some guidelines on this. i think it is really important that you would think through all of these issues. so it is not the prerogative for the ceo to say well, i think this political party or this candidate or issue, that you can't indulge yourself. you have to use your platform responsibly and within the business strategies. this judgment is absolutely required for reasons. >> steve o dland, former senator, heidi heitkamp. thank you for talking to both of you. thank you for your time. remember, you can always hear us on our podcast. be sure to follow and listen to power lunch on your favorite streaming service. we'll be right back.

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welcome back. time for a quick power check. check out shares of tesla. lower after chopping the sticker price of the model 3 in china along with decreases in other markets. it is down right now by more than 3%. on the other hand you've got ford that seems to benefit higher by 5% or so today. almost, yeah, we're looking at closing in on 6%. and that is your power check. still ahead. >> the house passing legislation that would ban tiktok in the united states if the platform's chinese parent does not sell its stake within a year. we will discuss that one and its implications for free speech and other things next. . in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo

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welcome back. the ban on tiktok is becoming more likely. the house passed a series of foreign aid bills along with a measure potentially to ban the social media giant, at least in the united states. let's bring in julia boorstin on the social media angle here and emily, we'll begin with you. the house passes it, how likely

is it to pass the senate? >> at this point it looks very likely to pass the senate, contessa. because number one it's partnered with the $95 billion foreign aid to ukraine, israel, indo- indo-pacific. we know that's popular with the senators. plus tiktok has bipartisan support in the senate. you have senator maria cantwell, the chair of the committee on commerce, they've overseen tiktok, she came out and endorsed the house bill. on the republican side you've seen senator ted cruz endorse the bill. you've seen mitch mcconnell endorse the bill. so you have a lot of bipartisan support. certainly we're not expecting everyone but we see a majority of senators coming out to support the legislation. >> a tiktok spokesperson released a statement saying it's unfortunate that the house of

representatives is using important coverage of humanitarian assistance to jam through a ban bill. it makes it sound like it may have passed if it had been a stand alone bill. >> yes. there's a good chance it could have. the one reason we did not see the bill move as quickly in the senate as it did in the house is cantwell was taking a closer look at it. one thing that she wanted to see was a longer period of time for a seller to come forward and be able to buy tiktok. she went to the house members when she saw this was going the way it has. saying look you have six months can you take it longer? the house was able to meet her request, it's now fnine months o find a seller. so after that change was made, cantwell came on board and at this point the bill looks likely to go through. >> six months versus nine

months. does it matter to tiktok? >> i think tiktok is going to fight this as long as it can. i think it could be up to a year for byte dance to divest itself of tiktok and part of the response has been put out key numbers they believe will be part of their defense. 170 million americans use tiktok and should have the right to when its comes to free speech. they say 7 million businesses use tiktok and tiktok said it contributes $24 billion annually to the economy. when it comes to ad revenue, analysts are starting to weigh in to look at what kind of impact the potential sale of tiktok or the shuttering of tiktok would have on the ecosystem saying there's probablily $16 billion in incremental 2025 revenue that could be split among the remaining players if tiktok is shuttered. first and foremost it would be a

huge win for meta and potentially youtube and snap. >> i know you're not the chief justice. i know you're not a lawyer. but how legitimate really are the free speech that a ban would trample was the verb i've seen. trample on the free speech rights of the people who use tiktok. because what's at stake here is a platform that people use to post videos and statements and things like that, through legal rights others and this one, what's difference alleges the government, is the chinese ownership puts at risk american data and potentially american national security. >> you're right, tyler. i think what's interesting here, the bill saying that tiktok can exist but it can't be owned by a chinese company. so the question is, which company or consortium could step up and buy tiktok and would the

chinese government allow the sale of tiktok with certain key algorithms. so there are unknowns here. we don't know which way it's going to go. which way the asset the chinese government or bite dance would be comfortable being sold to a u.s. consortium. >> if the tiktok ban fails to carry in the senate do the other parts of the package fail. >> at this point yes. so that makes it more likely to pass. >> thanks. coming up the price of bitcoin climbing following the first halving since 2020. we have that and more when we return. amelia, unlock the door. i'm afraid i can't do that, jen. why not? did you forget something? my protein shake. the future isn't scary, not investing in it is.

you're so dramatic amelia. bye jen. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and more prospectus at invesco.com. at corient, ris wealth managementes begins and ends with you. we believe the more personal the solution, the more powerful the result. we never lose focus on the life you want to build. it's time for wealth solutions as sophisticated as you are. it's time for corient.

big event over the weekend. crypto prices higher to start the week following bitcoin's first halving in about four years which reduced the

incentives paid to bitcoin miners it cuts in half the amount of bitcoin that can be mined. >> but bitcoin up 2.5%. and ether up as well, 1.4%. and other coins following suit as well. dow jones industrials up a full percent now. thank you for watching "power lunch." >> and the "closing bell" starts right now. welcome to "closing bell" i'm scott wapner. this make or break hour begins with a bounce as stocks look to recover from last week's wreckage, especially in tech we'll ask the experts whether the worst is behind or if a bigger pullback is likely. 60 minutes to go in regulation, solid day for the major averages today and getting even bet every as the last hour begins. many sectors up by more than 1%. that incloodudes financials and nice sector fo