The iron dome and their ability to respond to attacks. The political attacks starting almost immediately based on that interview all over the country and the world. A lot of criticism on one side and praise on the other. Its getting complicated quickly. Some in israel and the israeli um far right elements saying hamas loves biden. Some people saying hamas loves biden or some saying michigan over israel a lot of credititique over ther. I dont want to weigh in on it i know whats going on i think its horrific. Its horrific. When you at the beginning know what is clear what israel had to do now one of our greatest allies and the most stable ally in that region of the world and important region of the world and were pulling the rug out from under them. I do. I agree. It goes to what we showed yesterday with that clip the great conundrum of war an to is you have to do it quickly and get in and out the politics of doing it he was making a moral argument he said all of this is questionable he showed videos and saying we have done things questionable. That is the point in many ways if you feel like your existence is existentially at threat, there are things you may have to do and they may not be pleasant things the question is i have great empathy for the people in gaza like everybody else. How do you do this they send you the same pictures they send me on twitter. War is hell. No one wants to see that no one wants that to happen. With that said, you know how this started and you know how it needs to finish. I certainly dont want to talk about being the only country to ever use an atomic weapon, but at that point in the war, it was u. S. Lives or what happened. You know, im sure on college campuses, if you ask 90 would say that should never happen there is a contingent of people who think it was right thing to do when truman did it. You put yourself back in that point in time. Putting your husbands or brothers back in warfare we would have lost another 50,000 or 100,000 americans. It came true with oppenheimer where you see Cilian Murphy celebrating what happened. You could see how much he was struggle the with the effects. House Speaker Mike Johnson survived the challenge from Marjorie Taylor greene who tried to oust him from power the vote to vacate the speakers chair was 35943 ten republicans voted with Marjorie Taylor greene think about before it would not have taken ten. With kevin mccarthy, it took a handful. Matt gaetz and the crazy eight mike johnson appreciated the vote of confidence from his colleagues he will join us in the next hour live from washington i think Marjorie Taylor greene brought this because he cooperated with the democrats to pass something the israeli aid which they are not getting. She had 43 votes. Ten were republicans 77 of the people who voted with her were democrats right its all strange bedfellows. Shes cooperating to take him out. How many members in the house . 450 whatever theres a lot of them. They can labor inobscure for years. I guarantee if she said self g grandized. It is when it comes down to it. Think about some of the ones you know matt gaetz, george santos. The names that pop out are the ones who went out of their way did you see the squad thats what i mean. Thats how you get attention. Where am i . It showed a whacky place the house. You got factions that are so those are the names you know. Did you see what they were saying cory bush . Lets talk about the data from china overnight the exports rising by 1. 5 in april matching expectations. Importing surging 8. 4 thanks to the jump of 9 in the china imports from the u. S. , among the categories that saw the jump was the crude oil and natural gas. Steel, plastics and medicines with Automatic Data Processing machines and parts i want totalk about chines ev maker nio it will launch the lowpriced brand on may 15th. This is coming ahead of the similar line from xpeng expected in the next two months this will be family centric and vehicle priced at 34,000 and the same segment as the tesla model y. Elon musk has been outspoken of how he feels the chinese vehicles are better than tesla or all of the American Made cars right now. Therefore, we need tariffs that is the argument from the big three. If you talk to ford or any of them, they are looking for the same thing prote protections. Shares of airbnb are lower this morning earnings at 41 cents a share that was compared to estimates of 24 cents. Revenue and bookings beat e expec expectations the forecast came in lower than expected it expects revenue to exaccelere in the Current Quarter because of the summer backlog will kick in during that point shares are off 8. 7 . In the meantime, robinhood with the second straight profit. Beating estimates of 6 cents revenue beat in the average per user climbing to 104. Here is the ceo vlad tenev on last call. Were focused on three things growing market share and ex35exp expanding internationally and consumer wallets that is the highest ever shares of recobinhood have doubled in last year shares of arm holdings are falling. The report of 36 cents a share estimates were 30 cents. Revenue above expectations the quarter guidance was stronger than expected none of that would explain what is happens it was the forecast for the fiscal year on the lower side of expectations despite the drop, the stock is up 28 year to date. Coming up, were going to talk about the money pouring into Artificial IntelligenceCompanies Like nvidia and mistral. Later, former fed vice chairichai gefeus wl join us on the ceo optimism well be right back. Announcer this cnbc program is sponsored by baird. Visit bairddifference. Com. fun music mom, can i help . Camping was fun, but it looks we brought the woods back with us. If youre a mom, then you really need weathertech for mothers day. Its the ultimate way to kid proof your vehicle. From lasermeasured floorliners for the front and rear. To cargoliner. Seat protector. And seat back protectors. Weve got moms covered. Your turn. hose spraying and laughter find all these American Made gifts, perfect for mothers day, at wt. Com i dont want you to move. Find all these im gonna miss you so much. You realize well have internet waiting for us at the new place, right . Oh, we know. We just like making a scene. Transferring your services has never been easier. Get connected on the day of your move with the xfinity app. Can i sleep over at your new place . Can katie sleep over tonight . Sure, honey this generation is so dramatic move with xfinity. Were going through the single greatest platform shift in the computer history. Computing hasnt changed since the 360 invented processing units. Now were going through two at the same time. That was nvidia Ceo Jensen Huang speaking to jon fortt about a. I. Meantime, mistral is looking to get funds for a 6 billion deal. Joining us is paul meeks at harvest Portfolio Management i dont know of anyone who doesnt see the longterm promise, paul, in a. I. There are some smart investors that do think as we talked to Stan Druckenmiller the other day who sold nvidia. Do you think were in a period here where it might not be the perfect time to buy . Maybe you get cheaper prices down the road . Some of these stocks, particularly the infrastructure builders like nvidia, when i call the picks and shovels of the a. I. Gold rush, some have come a long way. However, you know, nvidia is our front man. Lets talk about that. The stock has risen several fold and so have the earnings and earnings forecast. Extraordinary growth if you look at nvidia, it has a fiscal year that is not a calendar year. If you look at calendar 25, the stock traded 27 or 28 times earnings that is not egregious to the Growth Profile joe, i try to separate the companies s in the a. I. Space i believe in i believe that will be the dominant theme for a couple of years. Then i am not in at all on the end product. The a. I. End Product Companies i have to believe that when i see it because all of the products will be ubiquitous. However, will they be money makers i dont know will they move the financials of said companies i dont know even though it sounds like a boring way of a. I. , im sticking with the infrastructure plays. Nvidia is top of my list do you think about the 90s paul, you could be buying caterpillar or a drug company. Pick the company developing the tools to do the a. I. And the a. I. Itself, but pick major Companies Like the internet or whatever the internet did for them you could look at the entire russell 2000 to figure out who to buy that a. I. Will help excellent question. Joe, we were both around during that period. Back then, i ran the tech money for mem merrill i learned a lot of lessons im cautious coming out of the a. I. Boom, you will have superstars some are established companies some are companies we dont know yet. Most of them, yes, they will lever the product. They will see productivity enhancements yes, they will see some cost efficiencies will it drive the top line i dont know i actually think it will be not the 80 20 rule or the 90 10 rule 90 nogo. The magnificent seven the preeminent Tech Companies which win here with utilizing a. I. Which are in the best position i say the best position is microsoft and alphabet and amazon and meta. Nvidia im not playing tesla or apple. You have five of seven. You might as well you could be wrong might as well buy them all, i guess. Obviously, we wouldnt be calling them magnificent seven if they hadnt moved so much already. I actually think that valuations are thought unr unrea unreasonable we dont have valuations, joe, that match the lofty ratios we have in the full inflation of the internet bubble. Yes, i think they will go higher i try to be careful and rifle shoot rather than shotgun shoot. I have been off apple. Apple is the most popular company and ive been short with tesla for quite a while. Is there anything in the macro back drop that you concern yourself with that you are not talking about multiples. I dont know if you are counting on cuts which would help, obviously. I dont know which administration no one knows how that would play out in terms of regulations and antitrust in november what do you think of those two issues yeah. Very, very important we talk about a. I. And other fundamental drivers. Of course, the biggest driver for tech and other Aggressive Growth stocks is the discount factor and discounted cash flow calculation which is the level of rates today so, yes, if we continue to fret about inflation and cant get it down to the 2 handle tand mayb we dont lower rates for some time, maybe god forbid, we crank them up again, look at tech stocks last year when the yield on the tenyear treasury note got to 5 . That caused an absolute bl bloodletting that is the biggest scare. We started this year, joe, with the belief of five or six or seven cuts now we may not have one. Yes, that is very big and on the regulatory side, theres new found aggressiveness look at tiktok we will go to the Supreme Court with the free speech case. We will repeal or adjust 230 which is protecting the social Media Companies since the law was enacted in 1996. The regulatory threat is true not just in the United States, but the eu as well five, six, seven cuts were at maybe none. Were not at five or six or seven hikes. If it was a quarter a piece, it would be eight. Yup. Thats above seven. You never know, anything can happen, paul time will pass, i know that, either way i know todays thursday. Yes, sir. Thank you all right joe, be well it is the best day of the week. When we come back, we have new details on googles employee morale problem what employees were povesting on the internal forum. And ahead, mike johnson will join us live from washington, d. C. Squawk box will be right back. Google executives facing backlash over the strong growth hasnt translated to wage growth for employees. One in the allhands meeting said we noticed decline in morale and disconnect with leadership and the work force. Another comment read despite the companys stellar performance, many googlers have not received increases. Asked whether the decision to keep wages lower was a result of the cooling market at the allhands meeting, ruth porat said our priority is to invest in growth she admitted two years ago the ratio flipped and the rate of spending wasnt sustainable. Porat announced she would leave the cfo role to be chief Investment Officer that transition hasnt happened. Sundar pichai said assuming current conditions, job cuts would be smaller in scale. Coming up on other side of the break, smoking in casinos may soon be a thing of the past. Im surprised. Contessa brewer has that story we will go to her next on that. Later, Quarterly Results from warner bros. Discovery and those of you with kids, roblox earnings were coming back after this announcer executive edge is sponsored by at t business next level moments need the next level network. To start a business, you need an idea. Its a pillow with a speaker in it thats right craig. A team thats highly competent. Im just here for the internets. At t its superfast. Reliable. You locked us out . arrggghh ahhhh solutionoriented. [jenna screams] and most importantly. Is the internet out . Dont worry, we have at t internet backup. The next level network. I sold a pillow good morning welcome back to squawk box live from the Nasdaq Market site in times square. Getting ready to lit up a signific cigarette here in a second. Thats the point. Youre not allowed. Do you not read do you not know anything check the futures. Down 54 points now on the dow. Go to france and everybody is puffing away down 50 points on the dow. 33 on the nasdaq i took a shot. As an explanation for what joe is talking about were getting to it its two seconds later maybe they dont know whats going on thats what i was trying to say. Stick with us. Advocates have new allies Contessa Brewer is at table without a cigarette this morning. I have been my entire life. There are people who smoke and who still enjoy smoking. Many places they can smoke inside casinos today, when gaming shareholders cast their ballots, they will vote on the proposal to force the commission on banning smoking in casinos would save money. Then, it would be forced to publish the results. Same thing when ballys holds the meeting next week. This is backed by Trinity Health and americans for nonsmokers rights they point to research by c3 gaming that said smokefree casinos generate more revenue. They argue shareholders should know how much casinos are paying in Higher Health insurance premiums for employees and maintenance costs and if it is keeping away customers who would otherwise go to the casinos, but hate the smoke the three Casino Companies tried to keep the information out of the proxy statements the s. E. C. Denied those requests they are urging shareholders to vote against the proposals we reached out to all three of the cal scasinos. It is seeing a negative impact on banning outdoor smoking these decisions are based on the local trends for the profitpert owners if they succeed on the ban, they will lose customers to competitors who continue to allow smoking inside casinos we see this play out in nevada and new jersey where they have tried to limit it to 25 of the c casino floor i have been there. You can smell it im in the nonsmoking section and the guy smoking is right there. Do you want smoking or nonsmoking . The last time i was in a casino, it is like a throwback. I havent i assume you couldnt smoke glsmoke. Filter the air better they have super highend filters. There is no safe level. Im all for that. It permeates everything. It does i thought it would help get customers if you got rid of customers. Parx casinos has gone smoke free in pennsylvania they said they think they are even with what they lost with smoking customers to competitors versus what they gained. How do you put a price on the health of employees . Their employees are happy area in a smokefree environment. If you read the proxy statements for ballys and boyd, they say we want to work with our employees. They will work on proposals that maybe would not be forced to work in the smoking section. If you talk to the employees, they are concerned about their health knowing what we know about secondhand smoke. I guess the other issue that you have with this is if you are also facing big competition from Online Gaming and if you decide to say you will not allow smoking, that sends smokers to the competitor even if every casino has the same policy. I was on stage at the conference and on stage with the board member she said seven states legalized Online Gaming. You dont have the issue of should you permit smoking or not. What issue is this with the percentage of smoking . In new jersey, 25 of the floor is devoted to smoking, that is 25 of the customers i have been there. The smoking section is very crowded. They are all jammed in next to each other i see a difference in vegas. It depends on the property if you go through wynn resorts, it is not that people are not smoking, they are smoking. It is a bigger property. It is more spread out. If you go to the downtown properties, theres a lot of smoke. If you are a compulsive person and gambling, you are probably a smoke addict, too while you are at the table, you have to go outside to smoke. You have to take your chips. There are states that have banned indoor smoking all together and not carved out casinos. Ohio, for instance what you see is smokers still go to the casino and do the same thing they have been doing in bars and restaurants the last 20 years. Is that less profitable no. How do you walk away from your seat . You are out with the things forget about that the real question is are they less profitable . Casinos in ohio are less profitable because people are taking breaks over 20 minutes to get a cigarette . Its hard to compare. You are not doing an appletoapple comparison. Where they could offer smoking and parx is the first nonsmoking casino on the strip. The argument for the employees, i cant