Full force remember this name game stop, its shares are surging after famed meme stockholder Roaring Kitty posted for the first time in roughly three years. Busy day, i guess, huh lets begin thats not fair, sorry. Lets begin with the market setup. The dow is ride ang eightday win streak investors crowd into soft landing trade ahead of crucial inflation data. Okay. That makes it sound like if the datas bad, theyll crowd out. Ive been watching the stocks are going up. Its not the ones that are on profit going up. Theyre going down whats going up are the Profitable Companies we keep seeing that. David, i do think if gamestop is the leader today, that would signify perhaps the expectation lative peak, and i didnt know we were in a speculative hike. Im not sure we should draw too many conclusions with what may happen at gamestop, but its fun to look at an old name we used to talk about years back. When you go to twinner, you have the pin piece you know the old piece about 100 sure, and if im listening, you think, wow, this is a great situation. Thats what got it going to first time. Thats amazing. David, if you post a picture of a couple of lazboy recliners and paramount, that thing goes to 22. Oh, boy, paramount, yeah. Thats its own saga. Isnt it . It is. There you go. Look at it. Diamond hands. Is that i dont know. Im looking at all this research and theyre saying were spending millions and all we have to do is put a chair up . There was a nice gain over the weekend amid cpi coming our way midweek. Steeple, 5 points down. I have that note in front of me mid quarter correction they talk about sustained pce inflation the fed seeks. They call it a pipe dream. Meantime i go over, david, sections of the economy, and everythings down a little bit, and that does not say to me pipe dream. Right. It just says to me steady as she goes pipe dream implies its never going to happen. I think its a pipe dream, that piece. I might be pipe dreaming that pipe dream. Weve been talking for weeks about brown shoes, the economy and the consumer, mid to lower end, but even signs above that not as much in experiences we talk about it so often. But reflected in any number of earnings that we saw, although, again, not all across the board, jim. Right. So i dont know what we get this week that can sort of help confirm or deny. This should be a piece for the investment club. One of the things i saw was i was looking at autonation and carmax and then, of course, reading the homebuilders theres not enough used cars out there, and there are not enough used homes out there its kind of interesting, isnt it, that we all lack use this is so covid that we lack use. Weve always had a lot of used cars around. There was a used home component. And theyre just gone. The used home being an existing home, same thing. Just trying to be a little making sure people know. More cinematic. I like that no, i like that. Nobodys selling their used homes right now. Theyre living in them theyre using them. Somebody approached me for the second time on my 2006 lexus wagon and made an offer from me. Second time. I mean, im not a car dealer you mean out of the blue, youre just driving the car and they say, id like to buy that from you yeah. Oh, thats fascinating. This is a big part of ed darnellys noerkts and hes looking at boomers done paying college tuition, done paying their Mortgage Loans with 40 of homes mortgagefree and they say theyre going to spend the rest on themselves. He points out many are buying large ticket items like light trucks in cash. Really. That should reflect on ford stock. Have you ever gone to a Hardware Store and had to buy epoxy i keep trying to its epoxy. Its not elmer Somebody Just stuck it there. Yeah. So it doesnt matter how many baby boomers buy light trucks. How many baby boomers does it take you already own one of those trucks. I have a maverick, and i enjoy it greatly youre not going to be able to get that from me. No . If i made you an offer i have like 7,000 miles on it. Thats it nobodys coming up to you and asking to buy it. No. How about mcdonalds friday and a 5 meal. Is that getting you going . We dont know although, the company does kind of indicate that somebody got ahead of the story, but this is what im waiting for im waiting for the companies that raised prices too much and own it and start rolling back, and that would be the beginning of the major rollbacks because mcdonalds burgers have gone up hugely since 2019. It shows theyre absolutely in sympathy im looking for inflation fighters and inflation lovers. Are you a lover or a fighter mctonlds is a fighter. I would be curious who the lovers are do you got any in mind oh, yeah. Why dont you just wait a second, partner. Youre not going to do it again, are you i love dutch brothers. Dutch brothers. I had them on theyre 10 c do we know ticket versus travel it was about it was a little bit more weighted toward tipping, but they had a lot of traffic. And theyre expanding nationwide they think theres room for 4,000. How can there be room for more coffee outlets . You know, david, thats a great question i think the ones that are exist having a lot of lines. Because of too much mobile ordering absolutely. So nobody goes there anymore because its too crowded o yogi hes really yogaing his view. Lets just go over this. Dutch brothers is price. They come in under some of the big guys, but theres a block for sale thats crushing me. 13 million share block i dont know what that is. I dont believe that 13 million shares, thats not possible since thats like the whole stock flow anyway, carl, thats where i am on this. Lets talk chips softba softbanks arm plans to launch ai. I believe that ai is absolutely not a hype cycle. I think ai is going go be able to unleash capabilities and innovations we have never seen before one of the areas im most excited about is biosearch when you think about what it takes to simulate a drug or a protein, how difficult that is today, advance Solutions Going forward will enable that arm will be right at the heart of it. Were going to get a report on apples gpt on the phone. I was reading the comment that its being called the golden goose its the exclusive openai and chatgpt f i cant get in the way of a man who wears a pink jacket. Are we moving on . Lets be careful. The chip is up against nvidia. David, i look around youre the only person who has not partnered with nvidia. How are you dealing with that . I do go home every night and think what are we doing wrong . Family, what are we thinking faber has partnered with nvidia, sources say. I like it. Well, were going to design something. Dont get more specific than that well just leave that within the speculation. Its designing something. And were going to send it off to a contract manufacturer when we design it, whateveret is. Heres what you do. You want to say youre partnered with recurgen pharmaceuticals. The company thats most linked other than you is a 50 million stake. Thats a jenson name they apparently had a great meeting with them, put money with them. And you can see they put together a deal with nvidia. So, david, you want to crash that. Okay. Ive got a lot of things to do. Meantime jeffreys gym goes up hsbc goegs up. They talk about may 22nd is when the report will be good. Theyre worried about october and october. He was in the front row. Kind of like ed sullivan remember how they used to put people in the front row . It was a really big show. Michael dell. Yes and his partnership. To phen straight means throwing somebody out of the window. I love that i just wanted to use the word. When we come back, the Biden Administration planning to pressure the chinese ev makers futures are taking a crack at alltime highs dont go anywhere. Im just a regular person. Some people say, why should i take prevagen . I dont have a problem with my memory. Memory loss is, is not something that occurs overnight. I started noticing subtle lapses in memory. I want people to know that prevagen has worked for me. Its helped my memory. Its helped my cognitive qualities. Give it a try. I want it to help you just like it has helped me. Prevagen. At stores everywhere without a prescription. Tamra, izzy, and emma. They respond to emails with phone calls. And they dont circle back, theyre already there. They wear business sneakers and pad their keyboards with something that makes their clicketyclacking. Clicketyclackier. But no one loves logistics as much as they do. You need tamra, izzy, and emma. They need a retirement plan. Work with principal so we can help you with a retirement and benefits plan thats right for your team. Let our expertise round out yours. Welcome back to squawk on the street. Biden is expected to quadruple tariffs in the next coming days. In the meantime stories about ford cutting stories from battery suppliers. Theres a piece of information about the tesla and whether the model 2 is ready to go in the pilot. Thats scrapped, a cording to information. I thought it was interesting the seeker comes public on friday. And this was in the wind that would happen all that happens is the stock could go even higher im trying to figure out what is the american investor game plan toward this. What is it why is the stock even more if the future is not coming here, nobodys coming here especially given the risk potential for even more in tariffs. Zeker, since we had the cfo join us last week, theyre higher end and obviously around the world to the point you made. Its not just the chinese domestic market. Its other markets outside of china that dont have their own automakers, and they talked he talked about significant margins. I dont know 15 if i recall. Carl, 15 operating margins, which is not terrible. I loved the interview, and i do think the cars and trucks were fantastic it doesnt have to be. It doesnt have to be have this market in order to be successful it can be any market so the idea you might want to invest in it even though it doesnt have u. S. Its a reflection of trade policy overall and how its changed. Remember it was about lowering the costs for things in the unite ed states. Thats different now but were not going to pay less for our automobiles. No, no, were not in my interview, i said to him, look, this is how we get cooperation. I mentioned my father worked for the chinese and how great it was and if we were to have if xi would see this, i think he could say, you know what i the u. S. Markets are open ive got to be a little more, lets say, less antagonistic because hes antagonistic. Why doesnt he see what weve done here. The cfo obviously was inclined to agree thingscould be better but i just felt very batley this doesnt matter if we open to markets. It just doesnt matter my short hills mall apple voted against the union. I saw that. That was pretty interesting its a great store, not that im proantiunion but, look, the stores fantastic. Im glad people feel like they dont need the union, but if they have the union, maybe its because theyre overworked its e entirely possible weve seen whole chains where people feel theyre overworked. Yes, we have. Yes, we have. Yes, we have. Im trying to go through my mind some of the Union Efforts amazon and starbucks have largely failed. Well, look, unions, its a tough issue. I mean when i was a member of my union, i remember calling a wildcat strike and everyone got fired, you know. We made our point. And you didnt have jobs. We made our point. Well done then we went to jp stevens, and we showed them oh, they shut down right after that all right, so maybe it was sub optimal. Well get cramers mad dash, the countdown to the opening bell well see if we can get each on the drawdown from the past few weeks. St wh ayitus business. Its not a ninetofive proposition. Its all day and into the night. Its all the things that keep this world turning. Its the gotos that keep us going. The places we cheer. Trust. Hang out. And check in. They all choose the advanced Network Solutions and round the clock partnership from comcast business. Powering more businesses than anyone. Powering possibilities. As we start trading in about seven minutes from now lets talk about micron. There are many multiple pieces why its so good. This is salient. This time its not going to be the same peak, trough, peak, trough, because of the high bandwidth memory chips that theyre doing, which is, of course, ai what it says, david, is the cycle is truly different thats historically been a dangerous thing to say but i know the company well, and i think theres a lot of truth to it. Theyre ahead of evidence about e everybody else and theyre made in america, which is great. This is a very powerful piece, which tells me the stock is going to go much higher. Its going up. Really . Even with the volatility its cyclical theyre saying, look, its been like this. But this time its going to be like this. If thats the truth, the stocks going to converge. Its all because of ai. Because they have the high bandwidth memory chips you need that to do great with everything thats coming memory is more important for semis in the new world i really like it they say moores law is dead in this piece thats something jensen has said. For years. Thats not what intel says. Theyre doing this apollo thing and rumored to be in ireland for 11 billion. Yeah, thats financing frontal boundary their chip manufacturing around the world. I went to one my wife is a river dancer, so look out she can river dance. No kidding. The things we learn. And i thought i knew him well. By the way, you can catch us any time, anywhere by listening to and following the sqsquawk on e street opening bell podcast who wouldnt want to do that. Right. Were back after this daughter hey, dad. Dad hey, sweetheart. Daughter what are you doing . Dad im gonna clean the fence. Daughter its a lot of fence. Dad you wanna help me . Dad aim at the wall, but get closer. Daughter gasps what the . daughter alright. Dad side to side. When you work with someone who knows a lot and cares even more. You can do this. Youre unstoppable. wow. Are you kidding me . You can do this. At truist, we believe the same is true for banking. Stanley. How to look at the future downshift. They say the market doesnt appreciate as strategy increases. I agree walmart has been stuck at 60 thats fantastic opportunity pepsi moved up coke broke out mcdonalds with the 5 burger will be big. Wayfair, i think, theres no theres no hair in the wayfair deal wayfair did well during the pandemic and its continued do well, but so has william sonoma. Youve got high end and low end. The only one is rh because their price point is too high. Colgate, wow, what a horse that is. Yeah, colgate has had a great year so far as a stock anyway. Theyre running a lot of different techs. Yeah. That wall m walmart is coming thursday lets look at the opening bell and the big board. Its the chamber of commerce [ indiscernible they could do a good job. I go to a lot of walmarts with my kids. People dont seem to realize walmart has become kind of a chic place to go its reverse chic admittedly, but they have a lot of inexpensive but highquality fashion, so my daughter, my fashion daughter went there. Its like, holy cow. 9 for something that might be 870 if you dont get it right. We talked about it on friday. They said they normally dont up guidance on comps coming out of q1 so member be a little cautious. Wow, that would be a great opportunity to buy theyve rolled back prices i bought a dickeys jacket i saw for 100, i bought it for 25. Quite incredible values. Well done. It was one of their featured rollbacks like the old days where theyre selling the stuff seemingly at cost. Its so excited. Have you seen the journal story about tee mum holding back in the United States this is whats hurt some of the online companies. Temu has spent 2 billion dollars on its advertising and alphabet last year, so the idea that theyve paired back their budget in the u. S. , that said these are Global Platforms theyre doing a lot in europe, but the journal story was interesting saying things have flattened. I mean the growth is still there, but nothing like it had seen previously, and theyve cut back in terms of spending and markets here in the u. S. Market as well. They provide very cheap goods. Do they ever. But temu was a boon for amazon because if you ordered stuff from temu, its open about when it comes, but with amazon, they give you the day i want to recommend a stock off them that is much better a much better play, and its waste management, the wm. Didnt you have them long the last couple of weeks yes, but this goes right from your house to landfill, and i think we should send it right to wm, and it will raise their quarters. From chinese factories to our landfills. Its an old story. This is kind of a redux ive ordered stuff and its amazing. One of the biggest mistakes. It was a very bag mistake, a very illadvised mistake to buy that bathing suit. I thought it looked kind of oh, yeah. Speaking of journal stories, it was the advertising spend story about advertising on a retailers website and how that model will overtake traditional tv span next year . These with all articles where we say tv is now radio, radio is now newspapers without a doubt, the money issue the up front season, the old up front season, which seems odd they still have these events, but its nice, amazons website and we talk about it, what an important component its become of the companys overall earnings to carls point, and the story was basically saying thats where many are choosing to spend their ad dollars there or even walmart. Com and or the digital advertisers. Obviously you want to be on the Meta Platforms and alphabet and youtube, but not the traditional income. You have an idea like alphabet, which is doing incredibly well. Football, nfl, live games, they want to put money in. Wingstop, theyve been doing a lot of traditional yes do they pull back if the pacers win . I dont know, jim. I knew that was coming. Does brunson play we played seven guys. Basically the sprockets fell off early. I do think thats the one thing that transcends, which is why weve gotto keep front and center, the nba contract. Whats your take . Nothing beyond what im hearing. You dont want to foment on anything youre going to get different spinsfrom different constituencies in terms of the performance of the contract, the performance of the nba is it all year do the games really rain all year right now, people really watch the playoffs. I watched columbus. It was like one of the greatest games ever. What are you spending money on is it worth it i think the most interesting component is warner bros. Discovery as we reported last week will compete for the matching rights on the amazon pack and as opposed to potentially the amazon package . You were here. I know. Im just trying can i make it exciting. Youre pretending you hadnt heard. Bingo. As whats being recorded to be a cnbc deal to acquire those rights. I will tell you the peeft last week its a winwin for zaslav, how can something be a winwin . They say its a lose lose it death penalties who youre talking to i can talk to people who say why its a winwin and others who say, no, its a los