The dow is the laggard. It is up 2. 75 . The treasury yields have been something of interest with the hotter than expected cpi and ppi numbers. Tenyear is 3. 4 . The twoyear is 4. 71 . Bitcoin is something we are watching closely. It is up 60 year to date. 67,872. It has been volatility. Did you have any corned beef . I did not. I had irish soda bread. Green beer . Nope. Did not have any. Green bagel . Nope. We wore green. Parades . I like it better during the week. I do, too. I think im more likely because the kids are in school and get more excited about it. We did set a leprechaun trap. If it would have been a tuesday . Yeah. Tuesday. Apple in talks with google to build and license the gemini a. I. Into the phone. They are in active negotiations to result in gemini powering features to be released by the iphone later this year. Apple has haeld discussions wit openai. We will let you know if we hear anything. The wall street journal is investigating if meta facilitated and profited from the illegal sale of drugs. According to the report, prosecutors in virginia sent subpoenas last year and have been asking questions as part of the grand jury probe. Meta is working to remove the content from the services and has been working to screen advertisers that violate rules with the promotion and sale of drugs. The Biden Administration is calling on the senate to move quickly on the bill to force tiktoks parent to sell the social Media Company. The call by the National Security advisor john kirby yesterday commees after the hou cleared the bill last week with full support. Chuck schumer has not decided to bring the vote to the floor. There is a second package of funding bills needed by the house to avert a shutdown. On the squawk planner, the fed kicks off the twoday policy meeting with the conference set for wednesday. The central bank is widely expected to hold rates steady. It will also update the dot plot or projections of individual Committee Members for when there might be cuts. Some fed watchers say the fed could forecast fewer rate cuts after the succession of hot inflation prints. Reports this week on General Mills and kb homes and micron. We will hear from fedex and lululemon. Now to the economic report a lot of of things in this economic report. The person running it. Advisors to President Trump presented him with a short list of candidates to be chair. You have one job. I liked your this is so boring. I cant stay away to run the teleprompter. Up your delivery. Adviser steve moore and art laffer met with trump at maralago last week. This reminded me of cheney helping w. They gave three names, Arthur Laffer and kevin hassertt and kevin warsh. Laffer did not include the names. You know hassett who was in the last administration. Laffer advised president reagan. The adviser considered other names that did not make the list was former World Bank PresidentDavid Malpass and former fed judy shelton. She failed to win confirmation when she was no, minated. She is just too trumpy. Im not sure what that means. I dont think it is it is a p pejorative. I dont know where to go with this. Hot tpotato at 6 00 on a monday. Did you see trump said something about the Auto Industry . Spent two minutes talking about the Auto Industry. China comes here. Mexico. If we dont do tariffs, Auto Industry is in trouble. This would be a bloodbath for the Auto Industry. That doesnt matter for anybody. If he is not elected. It doesnt matter. In this environment right now, i tell this story all the time. When we said we had President Biden on or when he was running and he said im going to what are you going to be like, mr. Biden . Im going to be joe biden. Every right wing News Organization said that he said im going to beat joe biden as if he didnt know who he was running against. This is the same thing. You dont need fake news. Dredge has lost its mind. I dont want to give it a click. Sometimes they have stuff on it i want to see, but im not going to click it because theyre so despicable. I saw apparently trump is talking about a nuclear war because he was having guacamole. He said this guacamole is a bomb. Thats where we are right now in the thus cycle. You have eight more hunmonth you dont need a. I. They will spoon feed their own version of fake news. Any media outlet will spin it. Thank you for being so responsible and mature. Me . No. Mainstream media. You are responsible. Mainstream media could care less because it reminds me of the New York Times who said the trump guy is different. Anything goes. We need to stop him. Normally we would be journalists, but we need to be activists. He is so beyond the pale. I saw something about the journal used to say never get involved in political decisions. Now saying it is our duty to endorse one candidate or the other. We are just going down a very bad path. Lets talk about news from russia. Vladimir putin winning another sixyear term as president after he claimedthe landslide win in the election with no real opposition. At the conference yesterday, nbcs keir simmons asked putin about the death of Alexi Navalny in prison last month. Putin, who rarely speaks navalnys name had this to say. Translator as for mr. Navalny, he has perished. That is always a sad event. We had other instances where people died in prison. Has nothing like that ever happened in the United States . It has happened and not just once. By the way, this will be unexpected, butperished, i was told by some of my colleagues, that there is an idea to exchange mr. Navalny for some people in prison in western countries. Believe it or not, the person talking to me hardly finished their sentence when i said i agree. Just on one condition. We will exchange him for him to never come back. Let him stay there. Thats it. Unfort unfortunately, the thing that happened happened. That is life. Thnavalnys supporters alleg putin had him killed to thwart the imminent prisoner swap. It is tough to watch. To listen. It is. What we were just talking about, we like to feel vastly superior to the propaganda. I dont feel vastly superior at this point. Thank god for twitter. Thank god for x. Elon weighed in on that. Thank god. You might get a shred of unvarnished news. Nvidia kicking off the key developer conference today. We will tell you what to expect next. Later, the march madness field is set after every great Number One Team has lost the last few games, except uconn. We will talk streaming and sports and gambling at bottom of the hour. Announcer this cnbc program is sponsored by baird. Visit bairddifference. Com. My name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. Now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. Giving millions of fans, like my dad and me, new ways of catching up on their favorite sport. Nvidia kicking off the a. I. Developer conference today. Lets find out what investors can expect. Joining us is the founder and managing partner. There should be a lot of information out of this, doug. What do you expect . I think the big thing that everyone is looking for, joe, is the announcement of the b 100. Indiv nvidias newest accelerator chip. It is said to be 2x faster. It will cost probably 20 to 30 more than the h200. You are getting 2x the performance. You are paying 20 to 30 more. Vi nvidia is trying to make this pitch to others building the infrastructure that they can get better chips from nvidia at a better price although it is a higher price. Does this help . Nvidia has a moat in certain parts of a. I. With design. Maybe not as much as deployment of it. Does this help in terms of beating back the competition which you have to think is coming and on the horizon . Amd has been a ferocious competitor. They put out their highend chip last year. With the new b100, we will see on the memory side which is the difference over amd with the last chip and what nvidia has in the market currently. To your point, joe, it does put them back in the clear pole position when we get the b100 announcement. The ecosystem as well is the other big thing which has always been the advantage for nvidia. The Software System and obviously everyone is used to using nvidia hardware. That is a really powerful advantage. They do still need to stay in the lead on the technology front. I think todays conference will show they are still there. There are certain components where you dont need to pay for nvidias chips, right . How much of the deployment or build out of a. I. Can you use commodity chips to help . When you think about training versus inference, those are the two workloads for a. I. Compute. Training is when you take a large model like gpt 4 and run the Training Cycle which costs hundreds of the hl models to tr. You need the highend chips to get that work done. Inference is when you have a trained model and someone asks the model a question. For example, the inference is running that question through the model and getting an answer for customers. In some cases, you can run the inference workloads on different chips. Thats where we see the most competition right now directly to nvidia. Nvidia can use the lowerend chips for lowerend a. I. Workloads. A40 and a100 is cheaper than the h200 right now. If you are not pbuying the highend chips to do that work, they are still the leaders with the older edge chips that are still on the market. Doug, can you talk about super micro . It is going in the s p 500. Its growth is phenomenal. The stock has risen 12fold. What kind of moat does that company have here . It is difficult for us. We dont own it. Dell has also performed well in the server space. The issue, in our view, when you think about the server space, it feels more come moditized. It is hard to build a moat with the nvidia chips and having something that you bring to the customers and say you cant get this can get that in other places. We have seen that with strong dell numbers this year. Super micro is an important player in the story. I would be a little bit more cautious on that one because the moat is really hard to justify. You had a lot of Product Knowledge about these things. If i ask openai to help me understand all of the things you just talked about, can it look at itself and tell me all about the products . Can it help with my intelligence on this, doug . Would you think that would work . Absolutely. I could try that . Its argumentative to humans. Thats the beauty of a. I. It is not about replacing humans. Humans who dont understand. I need more than augmented. Doug, thank you. Im going to lean on you, i think. Youre available . Im always here. Good. Jim cramer will speak with jensen huang tomorrow on mad money. When we come back, we are four weeks away from the tax filing deadline. Sharon epperson joins us with tax tips right after this. Later, we will be joined by former House SpeakerKevin Mccarthy on the deadline to pass a funding bill to avert a shutdown. We will also talk about the tiktok bill and more. Squawk box will be right back. Pts to you. Engineering. It is the first eclass made just for you. For you. For you. 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All words you want from your bank. Taking chances is for skateboarding. And gas station sushi. Not banking. Thats why pnc bank strives to be boring with your money. The pragmatic, calculated kind of boring. Moving to boca . Boooring. That was a dolphin, right . Its simple really, for nearly 160 years, pnc bank has had one goal to be brilliantly boring with your money so you can be happily fulfilled with your life. Which is pretty unboring if you think about it. Thank you, boring. Well, do you feel the deadline looming . It is four weeks until april 15th due date to file the 2023 income tax returns. We have Sharon Epperson here with us with what you need to know right now. These are timely tips, sharon. It is very important. If you are like most americans, you have yet to file your taxes. If you like to do it yourself, the irs has a way to file for free. This year, the irs launched direct file. A Free Filing Program available to taxpayers in 12 states, including california, texas, new york and florida, and it is an option for taxpayers who earned income from the employer and got a w2 and claimed the standard deduction. You have to have lived in the state for the full 2023 year. There is no income tax. The free file is another option to get access to the tax preparers at no cost as long as the agi is 79,000 or less. You can file for free at any income level using fillable forms on the irs web site. If you are looking for savings, Home Improvement project which saved energy, you may qualify for the 30 of the cost which is a savings of 3,200. Make sure any tax breaks you take are reasonable and account for all income and 1099s. Dont round up. Those are all red flags which trigger the irs to do an audit. If you think you oh, it pays to pay that bill by april 15th before late filing and penalties kick in then you have to add an 8 daily on top of the tax that you havent fully paid. Are their ways to lower your tax bill . Tax credits over deductions. Those will lower your tax bill dollar for dollar. You want to take advantage of those. There are things you can do now. People dont realize you can contribute to a Health Savings account right now up until april 15th. From last year . Yes. Qualified for the 2023 tax year. If you have a High Deductible Health plan and you qualify for hsa, thats a big advantage. That is a tax deduction. You get the taxfree greowth. An ira or a roth ira, you can contribute until april 15th. When you say round numbers can trigger an audit, round numbers up to the dollar . If you dont put the cents on . I think people say it was around 5,000. That kind of thing. Something to look out for here. Are you done . No. I always do these things and no, im not done. Cobblers kids never have shoes. I will not file for an extension. Ill be done by april 15th. Im done. No, i just finished 2022. Seriously . A couple of months ago. If it you file for an extension by april 15th, you have until october 15th. You can file for another extension after that one. I think so. To have that hanging over your head all the time . Sharon, thank you. Coming up, we will talk to former vice chair Roger Ferguson about the upcoming meeng atind when we will see rate cuts, if ever. Squawk box will be right back. Announcer your money is sponsored by empower. Get started today at empower. Com. Ard with empower, we get all of our financial questions answered. So we dont have to worry. Empower. Whats next. At pgim, finding opportunity in fixed income today, helps secure tomorrow. Our timetested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. Pgim investments. Shaping tomorrow today. Oh, its cold outside. Time to protect your vehicle from winters wrath. Of course, the hot sun can be tough on vehicles too. You need weathertech. Laser measured floorliners and cargo liner will shield the carpeting from sand and snow. For your interior, theres seat protector and sunshade. Plus, mud flaps and bumpstep for the exterior. While the new impactliner, with shock absorbing rings, safeguards your truck bed from costly damage. Order American Made products at wt. Com surfs up you know doug, ever since switching to workday youve been a real rock star. Rock star . What do you know about rock stars . Billy idol . I mean wheres the skintight leather . My shoes are leather. Wheres the unnecessary zippers . That thing billy, rock star is just how doug feels when he uses workday. Thanks, rory. Ill show you rock star be a finance and hr rock star. Workday. For a changing world. Billy idol just stole your golf cart good morning. Welcome back to squawk box live from the Nasdaq Market site in times square. The dow is down a little. S p is showing gains this morning. Quite a few things on the docket. Not a quiet week at all. Theres fed speak, becky, and we have Roger Ferguson coming up. The fed reserve kicks off the t twoday policy icy meeting tomo. We have former vice chairman Roger Ferguson with us. Roger, there was an interesting piece yesterday in the wall street journal whether the fed is hitting the brakes hard enough and it started out just on the assumption that things are good right now for Home Builders and a lot of other areas. Thats not what you anticipate if the fed tightened things to the extent that some people complain about. Where do we stand right now . Is it a situation you want to wait and see whats next or is this a clear path for fed . It is a wait and see situation. The economy is doing well which is a good thing, but inflation appears, perhaps, to be stuck above the 2 level. I think it should be in waitandsee mode and they will continue to signal no rush to cut which may be disappointing to the market