i think you will do well. >> ben emons with the trade. thank you. >> thank you. >> for more on what is driving the markets and trading day ahead, go to cnbc pro for exclusive insights and analysis there. >>> we have more to come on "worldwide exchange," including the one word that investors have to know today. >>> first, can disney do it twice after the pandemic success with "hamilton," will taylor swift move the needle? >>> and why shares of ulta are falling ahead of the opening bell. >>> and later on, a rare showing of confidence for one ceo. we have a very busy hour wstill ahead when "worldwide exchange" returns after this commercial break. the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪) her uncle's unhappy. but it can be passed on i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself

i think ben emons had a good note on that. i think one of the key things is their reserves.iously, they had sky rocketing reserves in the fourth quarter earnings. that created a surprise loss and caused them to slash the dividend. i think there are a lot of questions about how much of the reserves do they need to set aside more? are they able to release the reserves? i saw a note that had $350 million and if they were able to release that much, a large amount for them, that puts them back in line with peers. that is the key question. what is the credit quality look like and do they need to continue to set aside more? if you remember, last week, they had the material weakness on internal controls with loan review. that review is still ongoing. have they found more and what does that do for the reserves and provisions that could impact future earnings potential? >> leslie, thank you very much. leslie picker who has been all over this story. see you soon. >>> when we come back, we have trade talk with the chair of the business round table with judy marks. she will join us to ta