joining us is barclay's senior airlines and transportation analyst. and the market is little concerned about what they're hearing but brandon, there's a lot that you liked that you heard from the company last night. >> that's right, becky thank you for having us on i get it we go through cycles the pandemic just compressed everything, we paid everyone to stay home, bought a lot of things online and that filled out fedex and ups very quickly and everybody is going back to traveling, spending money on airlines the bigger issue here is fedex is going through a once in a 50 year transformation of the business they're merging their overlapping ground and express networks where they have overlapping pickup and delivery drivers, trucks, facilities. they put a lot of capital into the ground business but the express business has seen lack lackluster volume. they're doing it with a new leadership team, they're looking for an external cfo, the first executive coming from the outside of the company for the 17 years i've before covering. i think we're actually com

barclays corporate and investment bank powering possible. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> companies are stepping up benefits for fertility and adoption benefits. that doesn't cover equally same-sex courtney reagan has more >> many policies exclude same-sex couples >> we were shocked when we started to look into it and realized nothing is covered by insurance unless you can prove you are infertile. >> the first step was to get sperm tested for us, that was the only part of the process that was covered through our insurance. >> 63% of lgbtq+ individuals plan to become parents 10% of employers offer a surrogacy benefit. for those, they get a $10,000 reimbursement which is common according to experts >> the average cost has gone from $75,000 to $150,000. >> surrogacy comes with added costs. lawyers fees and all expenses and insurance for the carrie

when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> new york city's metro authority is moving forward with congestion pricing drivers will face a toll and the price hasn't been set but estimates from $9 to $23 politicians in new jersey had been pushing back arguing that drivers pay $17 to cross a bridge or tunnel would be squeezed by the added toll new york officials call it a quality of life enhancer yeah reducing traffic, improving air quality and providing resources for the transit system it improves because more people won't come back to work. why would you add this and have another reason not to come back to work when you say you want them here to eat in restaurants and shop downtown. the mta says it hopes the tolling system would operate by next spring. tolls will be enforced by systems to scan license plates south of 60th street drivers along the east river can avoid the fee. l

barclays corporate and investment bank powering possible. >>> welcome back to "squawk box. right now, we want to get back to our very own julia boorstin, who is standing by in cannes, france she is joined by another special guest. julia, good to see you again what do you have for us this time around? >> thanks so much, becky german i'm joined by kevin mayer, former head of streaming for disney and tiktok. just today, just moments ago, you announced that candle media, your company which owns hello sunshine, moonbug, and some other entertainment assets is doing a partnership with tiktok. you left tiktok. why not partner with instagram or youtube >> well, tiktok is an amazing platform over a billion monthly users and a lot of our partnership is based on a book talk and recently as the founder of hello sunshine, she has a recent book club and that's how she connects with her female audience, most fully. and reese's book club, coupled with book talk, coupled with our lit up program, which is about finding underpublished authors, maybe making shows about what they've written abou

when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> whether you're a billionaire or earn $20,000 a year, we're all going to get access to intelligence, it's the most incredible tool you can imagine. >> we need to be vigilant around a.i. but the dystopian place is if we putt roadblocks in front of a.i >> the suppliers to a.i. companies are going to continue to win i think that can continue for a long time. >>> welcome back to "squawk box. our next guest heads a company that's beginning to trade on the nasdaq today they develop pharmaceuticals to treat substance abuse and mental health disorders ceo mark crossley joins us this morning. in a perfect world a company like yours wouldn't exist. to the public who may not know about your company, what substance abuse issues are you trying to combat >> thanks for having me today, andrew we're a company that was founded to help people suffering

barclays corporate and investment bank. powering possible. bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >>> the next medication may be designed by artificial intelligence biotech firm insilico medicine, the therapy treats a chronic lung disease and the company claims it is the first drug entirely discovered and designed by artificial intelligence to begin a phase two clinical trial. joining us now is former fda commissioner dr. scott got leagottleib a cnbc contributor i don't know where we went over the tipping point for getting -- for calling it this, scott, because i can go back, i remember years ago the new guy at mit center cancer for research, the reason they picked him was because he was going to fuse a lot of computer technology with drug discovery rational drug design, use computers to see what compound is going to bind most tightly to the target so we have been using computers for how many years and wh

for more on this, let's bring in former dallas fed president richard fisher, now a senior adviser to barclays and cnbc contributor. richard, thanks for joining us kind of having to take -- it was a -- it was an overused expression, but something for everyone, there was a pause after ten straight so there is -- there is a potential for sitting back and letting things play out, if there is a lag but then again, for those people that think we need firm resolve in fighting inflation, there were the commentary about two more additional hikes. is it good to try to be everything that -- to all people at the same time >> first of all, i agree with the decision that was made, there is no surprise there whatsoever the key thing, ben bernanke used to say, it is not just what you do here, fomc, it is what you say. and i think you said all the right things especially important was reaffirming the sanctity of the 2% target. and unless they feel they're getting there, they're going to continue to hold tight monetary policy and if it gets possibly worse, then they have plotted out on the dot plot that they m

barclays corporate and investment bank. powering possible. >>> welcome back to "squawk box. shares of cava jumped 117% yesterday. it opened at $42 it closed at $45 it was the top performing company valued above $5 billion. >> it opens the rest of the market everybody has been waiting to see what happens when you see the pop above pricing expectations a lot of people will be trying the head of the nyse yesterday as it was opening. you think you will get other calls? we are already getting other calls. phone is already ringing >> the company and a great restaurant chain is still a money losing restaurant. look at sweet green. i'm not putting this -- >> is it sweet green or chipotle >> a lot of companies have gone public and flew. >> i'm glad i understand it is not like a.i it is food people will keep going out that is one thing we know post pandemic we missed that so much we have a new appreciation for it i guess i understand >>> adobe shares rising. a lot of people are talking about how important the number would be $16. it is a $500 stock company raised full year profit and

liz young, sofi's head of investment strategy and megan graper, barclay's markets. let's talk about what you're expecting, how it is going to play out in the equities market. you think the fed may actually be done at this point? >> i think there is a decent possibility that they're done. and i think the messaging that we're going to hear today is that at this point, the data shows them that they have already gotten to a sufficiently restrictive level. so they have the justification to pause they certainly have it because of what happened with cpi yesterday. we know that jerome powell does not like to surprise the market so i don't expect him to surprise us too much today but he also really values flexibility. so they will likely leave the door open to moving further as the year goes on, but i continue to think about the fact that from the jump he has reiterated over and over again that they do not want to make the same mistakes that happened in the 1970s with a stop and start monetary policy regime so it is possible that if they pause today, they may not keep going,