a special and melancholy talk. dear friend wilfred frost is leaving. with me all roads lead to one place. "hamilton. two songs "one last time" george washington writing his farewell address. the other sung by king george, "you'll be back. we hope you will be. >> godspeed, will. we miss you all right. >> i will certainly be back, and in all sorts of ways, and guys thank you so much. now live from new york -- >> tit's the "closing bell." >> it certainly is the "closing bell." william. at the new york stock exchange one last time. stocks rallying in the last hour >> turned higher on your exit. sara eisen driving action now in this final hour fed mitts from the last meeting

released showing fed officials ready to raise interest rates as expected retail sales up 3.8% in january. almost double what was expected. and growth stocks like roblox and shopify hit hard on back of disappointing earnings. >> a big show coming up. and a take on the market and if fed needs to act quicker to combat inflation and weighing in on cdc's new guidance for the cruises industry and cisco, door it dash and nvidia. >> and mike santelli tracking market action as always for us and on google's new privacy measures michael, start with you. what's called the bounce >> firmed up, sara fed doesn't have anything incrementally alarming giving the fact the market was already geared for aggressive fed right

hikes. enough like two-year yields come in a little and stocks drift a little higher. only real takeaway i have on that just in general, in terms of position, pointing out rally we got off the lows didn't prove a lot. stayed below sort of 4,600 level and alert to the idea still up 5% from the intraday lows three, four weeks ago since those lows priced in one to two rate hikes. fourth biggest stock in s&p imploded, facebook, down by one-third of value alert to the idea market is showing traction here even when it has additional excuses perhaps to back off. s see what happens. s&p down from record high. retail sells number. two-year growth rate in core

retail sales strips out volatile stuff. massive growth above pre-pandemic growths january of 2020 getting moderation still this is very strong results and some big bursts higher came when you did get that fed stimulus hitting bank accounts it will moderate a decent head of steam into 2022 on consumer side look at consumer goods stocks versus consumer services. this is in the s&p 1500. kind of all cap, large and small. you see services really pulling ahead here in the last few weeks. that's rotation everybody seems to want to see from durable goods, where a lot of inflation is coming from into services we know, guys, travel stocks in particular performers recently. >> we see the decent data this morning or the fed minutes getting a glimpse in the short-term expectations fed hikes reach further than reached in the last couple of weeks?

>> exactly st. louis fed reiterate half minute to march. didn't move the two-year yield or expectations. since minutes came out saw observations terms what happened in march things tilted towards a quarter point versus half point. much can change in four weeks. >> dollar's weakening. stocks off lows. that's the interpretation there, could have been more hawkish again, minutes were before the 7.5% ppi in in what? 9.8 ppi and strong retail sales. thank you. google announcing plans to adopt new privacy restrictions to cut down tracking across apps on android smartphones similar changesut in effect from apple last year. among media stocks impacted names lower by 2%. and from evercore.

when apple announced this, it wasn't so much fanfare and saw it show up what about the google move a similar effect >> i don't know material as apple moves for two or three reasons but increasing pressure on facebook and those millions of marketers who used it to come up with an ad attribution model that goes beyond privacy they need a postprivacy ad attribution model. differences, one, google telling people two years to figure out a solution and secondly saying, "we" have two years to figure a solution calling on advertising community to come up with ways allow targeting but don't violate people's privacy apple gave people a year and didn't invite input. i think risk isn't as great with this turn but overall pressure is there facebook has to find postprivacy an my guess will be able to do it too much at stake not to and

have resources to do it, but that's the challenge. >> why is google doing this? trying to get ahead of regulators >> i'm not sure about the "why?" sounds reasonable, also could be responding to popular demand we saw consumers, they had a chance to vote vote with clicks whether they wanted to be tracked or not wanted to be tracked most generally with 70%, 80% of people said don't track me consumers clicked, google said we better do the same thing. >> what about facebook, clearly implications on today's news, but more broadly if we step back from the last six months where they've gone through, do you feel now the name change was an act of desperation, because they knew that core business was evaporated or quite forward-theiring and the past quarter is small blip? >> well, wish you best of luck

great working with you best of luck gourd forward today is your last day second is -- >> thank you. >> -- second is, you know, look. i don't think core business is evap evaporating. facebook ad revenue december quarter a privacy challenge quarter versus one last year that wasn't. still grew 20% year over year. that's pretty good growth on an enormous amount of scale i think facebook can still maintain premium growth rates. got three challenges address esq regulatory risks challenges from investor's perspective. address postprivacy. come up with a postprivacy ad attribution model? they can, got to prove it, though and third fend off tiktok? they can broader suggesting what tiktok offers but no question competitive risk has risen gauntlet thrown down this company executing gex challenges, switch to mobile incorporation of things like

stories, rise of assets like snapchat doing it 15 years. my bet, they'll figure it out. confused with a buying opportunity even though may not have any out performance the next three to six months. >> how much has the mood changed around this stock? from clients you talk to how much convincing to get people to buy at this level? really a lot of people think dead money now really hasn't moved up from lows from earnings? gone further down. >> day and night how much the sentiment changed on facebook shares this thing trading lowest multiple ever traded barring covid correction in early 2020 so i have it at 13 times an asset can grow 20% to 30%. incredible opportunity here, but in terms of people wanting to step in and buy it nope the fix in terms of postprivacy attribution model is taking longer than the company thought,

longer than investors thought. i think the -- the most feedback i get, look, i realize valuation attractive but i want to see turn in fundamentaling before i buy the stock. less team coming into the shares, i think, back half of this year. >> that feedback, perhaps telling in itself. as always, thanks for joining us great to see you. >> thank you, wilford. when we come back talk to carnival's ceo about the cdc's move tolower the travel advisory for cruise ships. heexclusively. he joins us next you're watching "closing bell" on cnbc.

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the cdc announcing yesterday it's lowering the threat level for cruises from very high risk to high risk removing its recommendation to avoid travel on cruising if passengers are up-to-date with covid-19 vaccination. joining us, in a "closing bell" exclusive interview, ceo arnold donald good to see you. >> good afternoon, will. good to see you. i understand today is officially your last day on "closing bell." is that right? >> that is indeed right and great to have you with us. on this last day gr >> great to be with you, good luck what you do next and sure we'll see you somewhere in the uk if not else w and sara, good to be with you. >> thank you see him on sky news. >> the crux of the issue

cdc change interesting it's gone from very high risk to still high risk sure you welcome the downgrade, but are you still sort of somewhat frustrated that we're even in those categories at all? >> we are. we understand everybody has a joo job to do and we think our record during the industry, the pause, restart we're well into with millions of guests s now cumulatively traveling with voe incidences of cases and very, very low hospitalizations or worse. cdc has a job to do. we'll continue to work with them we're cautiously optimistic they're moving to treat us like the rest of the travel sector and hope that's the case. >> in terms of the outlook as omicron and guidance improves and people are looking to travel

more, your hopes for 2022 versus 2019 will it still be another year before we start beating previous record years >> had almost more than half in our last business update, fleet sailing across eight of our nine brands so people are having a great time guest scores are outstanding always sailing in the best interests of public health so that's gone well. the industry is doing well overall as we restart. but it will take some time carnival brand is going to have three ships in alaska. all carnival brand ships just announced will be sailing by the summer so excited about that. our other brands are slowly bringing all of their ships back over time. but probably be '23 before we begin to see the opportunity for results like we had in '19 obviously, we've miss add good portion of '22 as we sail towards end of '22 things should be looking very

bright for the industry and certainly for carnival corporation. >> arnold, one for me. downgrading, do people pay attention. learned a good percentage of people are not listening to medical experts and some medical experts including cdc have had communications issues themselves so how material is it for your business when they tell people not to sail, because it's not safe >> i think anything that causes uncertainty hurts our business we have robust demand. look at future booking, where people are confident, more confident with protocols, something that won't change on them future bookings are strong for us and the industry. near-term, of course, any noise or announcement creating any certainty at all can affect near-term sailing. it is problematic for us but we've managed through it and

we continue to work closely with the cdc and, frankly, many other whose have weighed in with the cdc and many delegations, with ports and their states and many others who have stepped up and said, look let's look at data, at the science. let's listen to the medical experts around the world, and let's assess what the real situation is we're moving closer and closer towards something we think is actually going to be fair. right now people are having a great time on the ships. we're excited to have the restart. our ships are sailing with -- guest sanctions great scores, and in cases with really strong occupancy where the protocols have gotten to the point where that's not in the way. >> arnold, you know, celebrating black history here on krn. >> announcer: cnbc a big picture one. the extent you feel racism, you

might have faced in the diminise extent lasting progress versus other factors at play, perhaps, because you have gotten more senior yourself have been treated differently? >> look, born in the '60s. in segregated south. raised -- born in the '50s, raised in the '60s i went through several water fountains and separate bathrooms et cetera. hard to say zero progress made, but same time as evidenced from the repeat occurrences we've seen in social matters today, there's still an issue racism, unfortunately, is an illness not only is in the united states it's around the world and targeted at different people in different ethnicities and cultures at different times. we all need to really band together you know, that's what we do with cruise bring people together.

have a crew from 145 countries guests from over 200 countries when we sail full, as we did pre-covid. those people come together they discover what they have in common and then learn to celebrate differences rather than the opposite. we all have to work hard to be inclusive, to truly understand and value diversity, and to treasure edge aach other and ths what we need to be about. >> amen. arnold, the last year we have seen real progress from the business community ceos, much more openly talking about diversity and inclusion, and fighting racism. making all sorts of strategic hires, putting money into hiring efforts. coming up with new metrics to track themselves is any of this leading to meaningful progress in fighting systemic racism in this economy? >> i think we have to retain optimism and have to work aggressively for results

reality, there has been some progress more women ceos. more people of color in general, but the practical reality is for african americans and corporate americans, there's not a significant increase in number of ceos. not only that, in the c suite, reporting to those one and two below, not huge progress over the last two decades african american women are especially, there's a shortage in terms of leadership igs positions in corporate america you look at that we have a long way to go and be it's not just african americans. it's more broadly, and diversity, because we have people of 145 different countries, focused on it you have to put in positive intervention the question is, why quickly, communities thrive when businesses thrive in a capitalist society businesses thrive over time sustain and progress through innovation diversity of thinking.

more likely to have diversity of thinking in a sustained fashion if you have a diverse, inclusive workforce. reality, we need leaders and workers, all levels, all ranks, diverse and included if we do that we build a better world and a better planet. >> amen. again. along with sara for that arnold, a pleasure great to see you. >> best to you, will >> thank you, arnold donald, ceo of kcarnival just under 40 minutes before the bell dow flat down 350 lows of the day nasdaq is pretty much flat as well and small caps up 0.2 of a percent. maybe the fed wasn't as hawkish or the market ahead of the game what's coming with rate hikes. when we come back, launching an investigation into short

sellers. and shifopy, roblox, plunging "mad money"'s jim cramer giving his take on those names and his take on those names and more, coming up. (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry

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36 mirpts left in trading. positive 0.2%. short sellers, and we have the story. leslie, what do we know? >> justice department in information gathering stage of a wide-ranging probe money water's carson block among those served with a search warrant to review phones and other forms of private communication. at this stage the process more advanced an so-called activist short sellers. bet against a stock and public negative research explaining va various thesis hope did declines

after. investigation is quite broad looking into more than 25 investors including those not activists in nature but simply long and short without publicizing and in essence original long/short hedge fund no charged filed at this point in time, however, very much an ongoing situation. >> certainly interesting to see how it divesting thanks so much. still to come, a busy hour of earnings after the close. doordash, and nvidia set to report look out for those coming up a break on bonds ten-year offering around 2.05% we'll be right back.

alright, so...cordless headphones, you can watch movies through your phone? and y'all got electric cars? yeah. the future is crunk! (laughs) anything else you wanna know? is the hype too much? am i ready? i can't tell you everything. but if you want to make history, you gotta call your own shots. we going to the league!

trading. up a quarter percent on the s&p. cnbc news update with frank holland. >> happening at this hour. canadians truckers dismantled remaining pl ing blockade at th. border now reopened police in ottawa warned protesters around the nation's parliament to stop blocking streetlights or risk being arrested and losing drivers' licenses. and germans leaders removing most covid restrictions by march 20ble. the chancellor and state governors endorsed the plan

saying mask wearing and social distancing requirements will remain in place. amazon workers in a new york city warehouse vote on forming a union in late march. the dates, roughly same time votes counted from a separate unionization drive at an amazon warehouse in alabama. that's the very latest wolf, back to you. >> thanks. roblox shared hammered today as the company reported weaker than expected bookings in cash flow off the bell yesterday. ceo on cnbc earlier with our julie hyman. jim cramer. >> see your share -- listen to you. my instinct would be sell. frankly, you don't care about the things that's really working for right now, driving stocks higher which is a profit well ahead of when we'll thought. what do you say? hey, listen, don't worry about it or do you say, come back some other time after we spent all the money and are dominant >> i would say dau is growing

around the world cash flow growing, and we're making positive cash flow. so we are, you know, a possible cash flow company that's somewhat unique growing over time. >> the cash flow speed of growth is declining, david. >> yeah. so i would say over time that cash flow will continue to grow. >> joining us now is the one and only jim cramer. >> tough talk. >> a great interview >> over 150 -- 77? what are we going to do? a rate of growth that's slowing. it's not -- the company is not slowing so to speak but -- >> absolutely. hit the questions when -- >> thank for saying that one professional to another means a lot. >> and jim, how similar is this moment to facebook's, we don't have a mobile strategy moment? because the reason i ask, within a couple of quarters facebook had answers what these analysts on public cause didn't want to

listen to initially answered that question and of course, a fabulous run many years after. is that where we are >> dibs after. i found somewhat disappointing wanted to know more, come on "mad money" and do more explanations the difference, tune opportunits huge but dave is not weighted to a time frame zuckerberg is adamant. this is not a long-term problem. tiktok's not apple situation more difficult metaverse not a long-term problem. the guy to bank with is mark mark just stands for engagement, not civility necessarily remember, one of the things dave works with because working with children turned out to be a little more than a pandemic stock than we thought. that's what we thought oh, my gosh. will, your last day and i never miss the opportunity to give a great present to a friend. it's loaded and ready.

it's got -- ten bucks of roblox on it. you can knock yourself out. >> 10 to 100 low end of the scale never know with jim cramer. >> dollar got stronger the other day. >> roblox. the problem -- here's the problem. >> need to go from teenagers to millennials. >> 50% are ageing up >> you just helped them. >> they need every gen x, y, a and b. whatever dave doesn't think anything is wrong. zuck zuckerberg is a perplectic >> that is a great word. roblox and shopify as well reminded we're not out of the pullback pullback. >> no. ecommerce had a bspike because f

covid, in the epidemic phase not the pandemic phase super-charged growth, not. but good growth. and the only one talked about this directly was upstart. they're on tomorrow. they made, saying live we understand the market. want profit, buybacks and we're giving it to you excellent. fantastic book rote about winning short term, winning long term, no excuse for this performance just say, look, come back we're not ready yet. the answer is, be ready. it's a tough game. >> biggest stadium in all of europe >> so you like facebook here agree with mark mahaney? >> bought it in the teens. i thought mark's presentation was excellent. not give near-term performance i've been on mark's side on many different things tempering the book, helped read

it, i'm a -- mahaney, no zuckerberg, has he written a book yet mahaney had good things to say. destroyed tiktok with reels. i will i have to destroy my enemies and i will, and i have to tell people metaverse is great for education. looking great and nvidia makes metaverse look life-like the meme i talked to was much more like me than me. >> ask about nvidia. because trying to think of bigger picture questions, jim. last time i'll be interviewing for a period of time not forever. >> right. >> guess how much since i've been at cnbc in the u.s., the 1st of january 2016, nvidia is up >> geez. i don't flow you first got here -- >> one of your best calls. >> 40? >> 3,000%. beaten only in the s&p 500

during that time by amd. up 4,000%. >> amd, what i tell you, time to buy nvidia historically after a big sell-off of which we almost always seem to get money one reason jensen doesn't play the crowd. okay just doesn't play. big sell-off because people were using their cards for bitcoin. the last sell-off was much more about whether the high multistocks would hold we're in high mobile health so i think the best time to buy this particular stock may be in a march speech jensen gives. fantastic announcement thinking of you today. spoke to the company, i was -- i was your digital twin! i said i see jaguar. what jaguar a reference to it. fantastic movie. apocalyptic. >> what are we going to make fun of, for english? >> i -- anderson

i don't know. >> i promised i would not be choked up i'm choked up. >> i say amazon now. don't get grief -- >> amazon's big a laggard. >> and not a laggard. >> kind of a joke. yeah you're right it's not i say you two together are amazing. >> we love each other. >> eye one of the great professionals. i don't mean to, like -- and that when i am in london with you, it is one of the, a joy to be with you in new york, but you in your betrothed, just, the greatest i want people to know. this man is a fphenomenal, kind and most importantly so humble that i need to stress humility a lot of people, my wife first saw, ah, james bond. not bond at all, man not like a -- daniel craig, by the way a foot and a half shorter than you for the record. >> i know. more chance of playing "jaws"

than "bond." so grateful for the kind words and more importantly your support from day one. >> you deserve it. >> couldn't have done it without you. always a pleasure. >> and as brilliant as you are, pure joy. >> and the getting to london, an arsenal game >> only team i root for. >> a big fan >> quizzed him on it. >> made "sky sports live" that interview. >> really? >> yeah. carried it live. >> can we get in with the cfo of bank of america and perhaps buy a -- >> rugby team. my wife -- >> what do you say >> done. might be complicated, but whatever. >> rugby it's fun a lot of arms broken >> we are out of time, jim a pleasure thank you. >> love you guys see you soon. just 20 minutes left of the session and here is where we stand. session high positive on the s&p 500 and

nasdaq and dow essentially flat. up next, how long video game stocks will be around, and later, a take on the fed and how it can impact markets. "closing bell" back in a couple. shouldn't do that. they're getting crushed by inflation. well, i feel for them. they're taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪ good to have you back, old friend. yeah, eyes on the road, benny. welcome to a new chapter in investing. [ding] e*trade now from morgan stanley. reducing our carbon emissions to net zero may be our biggest challenge yet.

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berkshire hathaway vice chairman charlie munger speaking during the daily journal annual shareholders meeting what he said about actvision blizzard. >> one of the smartest i know and i do think gaming is here to

stay and, but there again i'm an old man and i don't like a bunch of addicted young families spending 40 hour as week playing games on the tv. it does not strike me as a good result for civilization. i don't like anything which is so addictive that you give over everything else to do it. >> charlie munger. we did learn from a 13f filing berkshire ought actvision in the third quarter. bought in october average price 77 before the big drop in stock in november. then, of course, deal with microsoft. the stock rebounded heavily. >> yep interesting, his take on that, conversing addiction issues. coming up, retail sales jumped in january. when to expect when nvidia reports in themaet "rk zone"

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to help you find opportunities, 24/7 support when you need answers, plus some of the lowest options in futures contracts prices around. [ding] get e*trade and start trading today. welcome back a great lineup coming your way in the second hour of "closing bell." a read on the state of the consumer when doordash reports results and weighing in how fed poems is impacting the market pnd and outlook for ev market and one thing he wants to hear on the company call after we hear about their quarter

just 11 1/2 minutes left in the trading zone breaking down crucial moments today, josh brown is with us very good afternoon to you, josh kick things off with broader markets. gaining steam into the close dow was down 340, 350 low of the session. now flat i guess shrugging off bad earnings as well overnight bad reactions to earnings and strong data that could have pushed yields quite a lot higher >> yields sitting it out people feel priced in what's likely to happen fed-wise, even with inflation, leading indicatations are that peeking out. evident, still in selling rallies mode in the big expensive stocks and some of the pandemic favorites outside of that, again, point to equal weighted s&p

4% below high. outperforming this week, this month. seems sub sttractionsubtractionl markets, something to prove knop quite between highs and lows of january. non-committal. >> first time, reaction from fed, fed related not considered more hawkish than market thought. market has gone a long way pricing in six interest hikes, and is the market getting ahead of itself, maybe >> fully priced. interesting. three-week-old minutes from the fed meeting. didn't show a huge sense of urgency. i think the market wanted to make sure bullard getting to 1% of hikes by july 1st was not conveying middle of the committee's thinking back in january. not the case. >> the fact these fed rate hikes are clearly priced in at the moment, does it make a massive

amount of difference or still volatility to come >> ah -- i haven't -- i promised myself i wouldn't do this. i said i wouldn't do this, but, will -- >> what an actor. >> could be your last question to me. so -- >> i have a feeling -- despite the elongated answers, i'll squeeze one more question in. >> all right fair make this the second to last, my friend. so i think mike mostly has it right. kind of in a no-man's-land somewhere between lows and where we started the year in a lot of names and even when i lookat some of the stuff i'm invested in, there were really only two categories of stocks that are at their highs and looking great. one is, anything related to omicron going away so you could sight a lot of travel names that held up wep this week. point to live nation probably best-looking stock i own personally anything that's related to just

this idea that we're finished with lockdowns and almost finished with masks. we're finished with vaccine requirements like all of that is within 90 days of dies forever and those stocks are reflecting that second time of stock doing well is berkshire here's a company with all assets you would want for the current economic environment, plus 150 billion dollars worth of cash to do whatever they want with that is, to me, like a battleship fortress in the market not a lot of that outside of that, that looks great even today, minutes don't give you more reason to be more worried. stocks a little lift you really don't have a big, or an expanding new high list, and i think that that's probably going to lead to a lower high. especially in nasdaq names that's what a lot of people are concerned with now possibility of a lower high before we start to sell off

again or even a head and shoulders for the s&p 500. those are still legitimate concerns given how weak the balance is. >> economic data consumer spending turnsous surged in january. retail rising 3.5% online shopping, big gest jump p 14.5%. food and brdrinking famed declining. evercorp. picking winners upgrading macy's to outperform temperatures stock today the firm observing a culture and strategy shift you within macy's, a different approach to managing its business. and nordstrom saying in-line digital ecosystem not driven out performance's a tough quarter, last quarter a split in the consumer discretionary group today.

a number of reopening plays. booking holdings, carnival, restaurants doing well surprise or retail sales is notable. those worried going into recession, because fiscal and monetary stimulus is totally changing this year looks like we're on a solid footing. what do you do with the stocks >> some taken away with december revisions. seasonal a way to look at numbers saying that might not be the run rate about the salabsolutely capture prices, works with nominal numbers. the market seems to look ahead to consumer, experiences, likes travel, as opposed to durable goods. clothing a great performer in january. not sure we'll extrapolate that. macy's bouncing the way it has stock so cheap on today's sales and earnings, it acts as a call option on continued existence. when things look pretty good, can bounce pretty high

up 5% earlier, but happening to exclusion of most other chain retailers today. >> and all three higher approaching the close. although slightly for the dow. well off the lows. roblox getting crushed down 26% and daily active user grew 33% company posted wider than expected losses a miss on revenue. downgraded stock equal weight wrong in assuming roblox would continue to grow users and booking at out sized rates josh, your take on this one? and whether this is a buying opportunity for a stock that could still be a major structural winner in the decade ahead? >> so along with morgan stanley i have been wrong on this. bought the stock 40% off its high thinking we had already taken a lot of air out of it because of it being related to the quote/unquote pandemic stocks i really do think that this is a long-term massive platform even in january they're talking

about 51 million daily, not monthly, daily average users, but it's so expensive, that they couldn't afford to have a quarter where they didn't execute. what this past quarter was revenue growth is explosive, but expenses are growing faster. you really can't do that in in story anymore. in the stock, way too high average cost in the 80s but not adding to it today, because there are a lot of companies that have been killed that are executing, and i would rather have dry powder for names like that i have limit order bids in for stocks like disney and lululemon and moderna, and netflix, and stocks that i just think have gotten too cheap that are doing a great job. roblox is not. a i don't want to own anymore and compound a situation i've already got it very, very wrong. not buying on today's dip. sticking around, but maybe not

forever. >> kudos. >> and say something about the metaverse? strike two right? after meta's quarter -- see what nvidia lahas to say later's in this market environment, fete raising rates, not just about the future and engagement. also revenues and profits. >> good point. just to answer that very quickly. roblox is not a metaverse company. it's a company trying to build the metaverse and has a big lead, but a video game company actually, most of the money they make comes from selling roblox, which is a virtual currency that players and developers exchange with each other for experiences in these worlds. so that's a great business the thing is, it was as 40ds billion market cap going into today's report $40 billion. had to be flawless and weren't what it comes down to.

>> i mentioned nvidia headlines another busy earnings after the bell julia boorstin has a preview. >> nvidia expected to continue from growth of both gaming and data center businesses question is just how much the company was affected by semiconductor shortages and what it's outlook is overcoming those shortages in 2022. analysts projecting 48% revenue growth to 7.4 billion dollars and's 50% growth in earnings per share to $1.22 the stock is about 25% off its 52-week high but up 70% over the past 12 months, and majority of analysts bullish going into earnings 79% have a buy rating on this stock. and now that nvidia's purchase of arms from softbank called off investors are curious to hear where the company is focusing next guys >> thanks for that. and 90 seconds left.

internals today? >> mixed tilted towards positive side in volume of new york stock exchange outperforming nasdaq all day slightly more volume to advancing than declining side. pointed out that the equal weighted s&p has been outperforming. essentially we're being able to kind of pick the average stock as opposeded to largest ones compared to mega cap growth sector the market, a pretty good spread month to date. more than 3% just about a 3% performance spread - volatility index in moving in right direction not decisive still in lower half of the range. >> 45 seconds left s&p 500 holding on to fraction's gains. well off session chlows regardless only down 72 as we stand

three seconds on the s&p 500 tech and communications services only down a couple, a quarter percent or so. energy topped the list after a decline yesterday. up 0.7%. although earlier session gains, do have a weaker dollar after those -- [ closing bell ] -- spiking in the middle settling back down at the bell were e have a slight change to the s&p 500. slight behind for the dow and nasdaq. pretty much call that flat wouldn't you final day? >> just, you've, you can't -- this is a very specific -- >> welcome back to "closing bell." i'm sara eisen with wilford and another big our of earnings headed your way. results from nvidia, cisco, trip

adviser, doordash and fisker first up on the market, wealth management, stephanie from hightower joins the conversation all the "closing bell" greats for wilford's last day. >> absolutely. end the day, i don't know. down 53 points or so how are you feeling about the market, whether it's hit bottom after a really rocky few weeks worries about rate hikes >> well, good to see you thank you guys so much for inviting me on this special day. will, an honor to work with you. i've had a lot of fun. learned a lot. we've talked a lot about the banks especially i think i need josh's tissues before end of the segment. thank you for everything in terms of -- >> the pleasure's all mine.

>> oh, thanks. segue into markets i don't think we're out of the woods, sara. it's a choppy market in a trading range, volatility is higher. we have to digest a lot of things one is inflation and the other is the fed two big things and notice that's behind the curve right? not just looking at cpi headline and ppi headline, inflation broadening in rents, wages, services pipe aye number so stong and services inflation 7.8%. they're behind the curve four hikes, seven hikes ten hikes? nobody knows the question is does the fed want to get back to neutral policy or be restrictive policy? they don't even know probably because they're going to have to be data dependent. another jobs report before they meet we get another inflation report before they meet so a lot up in the air why i think markets are all over

the place. one thing underproappreciated economic data is actually pretty good in january so far in february right? terms of retail sales, industrial production. auto sales up month over month heard from a bunch of reopen names like expedia, hilton. and wynn a lot of wynn was good i expected a sluggish quarter because of omicron and not getting it high inflation but also pretty good growth. fed should be moving and acting accordingly. >> steph, with all that in mind, should the banks be doing better than they've done over the lasts month or so? even if they did start the year well >> well, they've done so well, will right? all of last year were a big surprise, and then, of course, year to date one of the market's leaders. i think, yeah, expect them to do better, but they kind of trade in fits and starts

right? report first quarter earnings. always go down then start buying back stocks and people realize the quarters are pretty good and evaluations cheap and pause a little i do think the financials are where you want to be diversified, of course right? you know bank of america and morgan stanley two big one wells fargo talked about over the years as welling out of all the companies american express was the one absolutely dynamite. that's the one i would buy on weakness if you get it. >> cramer called it workhorse of the dow and a really been outperformer viacom, stock closed down 18%. not that ugly yesterday. came out changed name to paramount underscoring their future the issue here was what? >> investors rebelling against price of participation in streaming and perception of a

viacom cbs they are not a top three probably, in terms of resources. great asset and pretty good traction right now and user growth, what's it going to cost to double and tripful? a big part of it also a lot of value investors in viacom cbs screened out super cheap a crazy move last year with the whole archegos boom/bust thing why this reaction today. >> some suggesting agency well the name change might remove a little bit of the takeover premium that could have been in there as well. whether or not that's a factor remains to be seen josh brown, pivoting a little. you mentioned you're keeping powder ready for stocks hit hard, but actually performing. and on earlier talking about facebook one of the names you're looking at >> i have a bid in for facebook

somewhere under 200. i think i'll get it. but what i'm trying to say one of the things ailing this market now and i think everybody that's out there professional or amateur, can relate to this. when you go through charts, you start coming across gigantic names where they're almost lower than they were before the pandemic started and actually meta is one of them but you've got to see, wait a minute telling me the entirety of all of the business and growth these companies have put up from the pandemic until now is irrel gent because when you look at, let's say, typl. guys, a three year quick look at this stock below where it was when coronavirus was invented how is that possible do you have any idea how many tens of millions of new users they have built during the pandemic and beyond? this stock is now lower.

also have been better a of you if there were no pandemic. how is that possible how is that not an overreaction? look at zoom same thing stock is lower than in the before times, before thunderdome times. how? how does that make sense how can this market, the nasdaq, how can the nasdaq bottom when these stocks are still meteors crashing into the earth every day even on green days hard to imagine what turns this. i can only tell you it has not turned yet i gave you two or three examples i could think of, like, 30, and steph can, too, and this is a big problem i think for the tape. >> let's get to news of one stock moving in the right direction after hours. reporting numbers, doordash and de is with us. >> actually extremely volatile tile dropped 8% now up nearly 20% rate of growth slowing at

doordash postpandemic and spending money to expand into non-restaurant delivery. investors happy. may have something to do with outlook, gob better in first quarter. results for q4 loss of 45 cents street looked for 25 cents company investing back into competitive categories like grocery and convenience. small beat on revenue here rate of growth continues to come down revenue grew 70% last year gob 6% fourth quarter down from 44% in q3 and down from well over 200% height of the pandemic the company expecting that to slow further perhaps not as much as the street feared. remember, this is a stock down nearly 7% in the session today the gov gross order volume outlook imply ps growth of 17% at mid-point this year a huge range for adjusted ebitda in 2022. 0 to half a billion dollars.

guys, results weren't that great, but shares are popping. remember, this is a name sold off quite a bit over the last few months and we'll continue to dig in and bring you anything else as we get it. back to you. >> thanks so much, de, for that. and staying with 250 back in november sold off sharply a factor here in the jump. that said, most, little misses for these types of unprofitable companies led to further sell-off. >> they have. >> don't nowhere it will settle down 36% in six weeks this year a sense out there doordash lost ground to uber eats in the latest period. maybe really just january. not in these numbers we'll see how it all does settle a ton of air taken out of it one of those stocks that traded mostly on kind of a distant potential for caps, huge amount of this market really with no clear path to

truly cash in profitability. for now, less than expected clearly. >> and kuwait has more numbers for us. >> and cisco beat on top and bottom line fiscal second quarter. eps, adjusted eps, 84 cents. a beat by 3 cents. up 6% year over year revenue coming in in line, 12.7 billion. for quarter guidance a beat for q3 full year midpoint and better than expected. cisco announces a $15 billion stock buyback and raising dividend by a penny. 3% increase on the dividend. looks like stock up more than 4% almost 5% after hours. >> thank you and tomorrow exclusive interview with cisco chairman and ceo on "squawk on the street" around 9:30 steph, your reaction >> thank goodness they actually finally beat the $15 billion buyback probably

better use of their money than buying funk. in my opinion. we'll hear what they have to say about that on the call the stock now 15% year to date trades 16 times. over 2.6% dividend yield we knew enterprise was strong from juniper, cbw and backlogs strong we were concerned, i was concerned, with supply chain issuance because they've had supply chain issues the last couple quarters. this sree leaf good news. stock is cheap and i like the ercht prize recovery stories you know for 2022. cisco is one, broadcom another, hp and ibm all four on that team and i'm overweight all four. >> josh, my friends. leave it i'm afraid, today. >> thank you so much today and always. >> good luck. >> thank you, guys we are just getting started here on the second hour of "closing bell.

and coming up, how aggressively the fed needs to work with inflation. and will the stock turn around, down roughly 11% this year mentioned earlier, up some 3,000% in the last six years.

stocks rallying indicating ready to raise rates slightly dovish and mohammed el-erian joins us. thanks for joining us. my first big question where we are with markets extent to whic now rate hikes are priceds in such that majority of the risk to equities when rates go up is already removed? >> i don't think we're quite there yet. closer but not there yet

the good news is the marketplace is forcing the fed to do two things one, to recognize that we have an inflation issue, and, second, to be open to moving faster on policies what we don't know yet, wilford, this is important. combination of rate hikes and ut and what this does to market functions. getting closer but not there yet. >> in terms of the way for people to play this, is it going back into some of those equities with the most solid sets of earnings and cash flows like those big cap tech names, or still a risk because multiples are still a little bit of a premium, to the rest of the market >> so what the market needs is a common theme a unifying theme that needs to be liquidity that's going away. that's what inflation does

it takes that away earnings is the best replacement and that's why these earnings releases are really important. so the hope is from a macro level that earnings can play that role. from the micro level, it's all about name selection it really is and you want a few things. not just strong resilient balance sheet. also pricing power pricing power's going to be really important over the next few months and then you want relatively low sensitivity to labor shortages, and to supply chains now, when you solve it that way, some of the names mentioned do dominate. >> and mohammed ed, when is inflation end of the year? >> sara, wish i had a good answer for you two equal probability events one is that inflation stays high call it twice the level that the

fed wants. 4% to 5% but equally likely is that the fed overreacts and we end up with low inflation, but very low growth, if not a recession these are equal probability events that's why it's hard to answer that question. now, there is a positive -- productive or something that helps the fed catch up, because it is way behind, and the one thing we want to avoid at all points, stagnation growing with the economy still or at or below, near recession. >> and mohamed, will gold outperform the s&p 500 over the next year? >> that's a really good question i don't have a strong answer for that because the role of gold has been eroded by crypto.

so gold no longer plays a typical role it has played, but if we stay in a high-inflation world, that's go going to support gold very little protection cash doesn it. bonds do not. >> thank you for joining us. >> thanks for having me. minutes away, breaking down results with an analyst seeing a big yipptubung oornity in this stock. and breaking down company the results and outlooks for evs in a first on cnbc interview that's all coming up on "closing bell." power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools, and interactive charts to give you an edge, 24/7 support when you need it the most. plus, zero-dollar commissions for online u.s. listed stocks. [ding] get e*trade and start trading today. never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities,

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stocks closed unchanged. 1.3% for the week on s&p and mike santelli. a closer look at earnings movers what are you watching? >> doordar dramatic ride since becoming public think about first trading price you see well below here. overall ipos not performed well. shows excitement for the ecommerce app sharing economy plays. doordar public, airbnb came

public, bumble, a bunch of others seen as finally kind of primetime for these companies. take a look what's happened to the price to revenue ratio on a forward basis of doordash along with other ones, bumble. you see willing to pay mid-teens to 20 times forward sales back in early part of last year before things fell apart and then a mountains to the sea-type charge both stocks now before doordash's after hours move down around five times. expensive. neither one profitable soon but shows you a lot of that air has been bled away from this sector, guys >> crazy kra, if you look back on the multiples seems so easy with hindsight thank you. and earnings are around with julia boorstin. >> nvidia beating top and bottom lines. $1.32 a share 10 cents better

than estimates receive nhu $7.64billion exceeding $7.42 billion and the company's first quarter guidance is also coming in better than expected at $8.1 billion versus $7.3 billion estimated company's ceo saying seeing exceptional demand for nvidia computing platforms going on to say we are entering a new year with strong momentum across businesses and excellent traction with our new software business models with nvidia ai and omniverse and nvidia drive and announcing new products, applications and partners for nvidia computing back to you. stock trading pretty much flat. >>julia, thanks. much more on nvidia and all of the after-hours earnings movers with analysts coming up in ptilaarcur, a bullish analyst on nvidia in just a few moments time.

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earnings reports coming in this time on fisker. phil lebeau? >> exactly what analysts

expected pre-revenue what people are focused what the company says about reservations for the first model. fisker ocean scheduled to go in production in november in europe and the company saying more than 30,000 reservations for the fisker ocean remember, the last update on the ocean was at beginning of the year, and it was about 23,500. a nice increase in the number of reservations for fisker. again, loss of 47 cents a share. s sara, back to you. >> nathank you. and henrik fisker. thank you for joining us off these numbers. tell us more and give color about demand you're seeing around that 30,000 reservation number for the ocean >> well, absolutely. we are seeing a really, amazing uptick since beginning of the year 400% increase in reservations per day over last year and it keeps going on people are discovering value of

this vehicle and seeing coming outing this year, which is important. actually almost passing 31,000 so that's really great we are very happy about that and, of course, on target to deliver the vehicle in november. >> and then also opened reservations i believe this week, second model a cheaper model. not an suv what have you seen as far as interest so far? >> first of all, its an suv. haven't said what it is at all sent one image. >> not priced like an suv. >> right priced at $29,900. open reservation only yesterday and already have over 1,000 reservations representing almost $1 million potential revenue per hour, amazing. right where our assessment able to sell well over 250,000 of that vehicle per year and start deliveries in 2024. >> that target, henrik, for november, how tight is that to

chip shortages and supply chain is is issues certain met in november? >> certainty weekly meetings. teams here and deep involvement. i've been on the phone personally or actually on whatsapp with chairman getting chips directly, which looks like we can definitely something that's tight, but at this point i see no reason we're not going to launch in november and start delivering vehicles and am confident at this point. >> made in ohio. right? >> the fisker ocean is made in austria and europe, and in a plant and paris made in ohio, the u.s. catching both europe and u.s., also very happy about. >> and step back and look at the

surge in competition in your area and in evs in particular. do you this it's going too far of course, you're a strong believer in your own future but do you think rivals will fall by the wayside and go out of business in the next five years? >> happy you asked this question, because i think having been early out there with luxury evs, way back then, it's clear that the luxury ev market is starting to get saturated. nobody has really attacked the cool sexy looking suv under $s 40,000 and known attacked the market with a cool ev under suv $30,000. this is all about and what i believe will cut out the winners is, who can take the most market share be2025 face it, most large companies not able to fulfill every

segment fulfilled in gasoline. in electrical market, many segments open way past 2025 and why we are focused comes out with four new vehicles before 2025 to take a big slice of the market but in the low end. not the luxury ev market that is getting saturated. >> mentioned the price line lower than seen from a tesla signaling getting cheaper to make evs or just going after something totally different? >> i think it signals fisker has a unique recipe to actually create affordables vehicles based on our business model and based on our development method. so we have actually come up with a way to bring these vehicles to market way more affordable than our competition and want to be the first out there and grab a large market share and i think we're way ahead of the curve >> who do you think your biggest competition will ultimately be in the next five years, henrik >> probably going to be to a

certain extent some of the european german premium makers that are trying to come out with some vehicles. i think in the u.s., less maybe from the big three, because they're focused pretty much on trucks then you other upstarts focused on luxury vehicles i think we are in a really good place and very little competition. don't forget talking about launching a vehicle in november of this year, if you have that idea today it's going to take you four years to do it. you have an idea for a $29,000 vehicle also take you four years. we have already passed the first engineering nethd with the pear and not worried about comp ti tigs for us in the fe near future. time for a cnbc update. >> from the news on cnbc states ending mask mandates.

cdc expected to loosen indoor mask guidelines soon as next week that's according to nbc news the cdc director dr. rochelle walensky they want to give people a break hospital capacity a key barometer on future guidance. u.s. state department says america is in the midst of the final stages of iran nuclear talks to revive the deal even iran top negotiator said closer than ever to agreement. experts warn longer they stay out of the deal the more time it has to develop nuclear weapons the government claims it has never sought to develop nukes. a judge in florida temporarily blocking release of records related to investigation into comedian bob saget's death. the roomin ingroom ruling aftery asked it be kept private

bob saget found dead in the hotel room trauma from an accidental fall and no drugs or alcohol involved. tonight with spring training delayed while owners and players try to hammer out a new deal, the towns that host major leaguers every spring are hurting. take you to one of those spring training towns right after olympics coverage. news time 7:00 eastern cnbc sara, brack to you. >> shep smith. thank you. see you then 7:00 p.m. up nexts, shares of nvidia after report beat btoonotm and top lines. breaking down numbers with an analyst bullish on the chipmaker. straight ahead "closing bell," back in a moment.

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we are watching shares of nvidia slightly lower. less than a percent after hours trading. results a few moments ago, bring in someone who likes the stock the ceo in intro seeing momentum strong momentum across the business, excellent traction with new software business models into the new year what's the takeaway from this report >> i looked at numbers numbers look great significant beat and raise quarter for the guide for april to come in at $8.1 billion street $7.3 billion. almost $800 million above the street look at segments the gaming business grew 61% year over year representing about 58% of revenue

and compute networking, data center business grew 60% as were el this is after growing 50% the prior year so the last two years for nvidia, growing over 100%, and this is almost all entirely organically. no kind of meaningful acquisitions whatsoever. and the company is generating significant amount of free cash flow generated by $9 billion free cash flow, operating margin of 47% financials are as good as you can get. and thenvidia is massive omni bird opportunity another $100 billion tam tams are quite good. >> what about on supply side risks there behind them or still a concern for the rest of this year >> the risk is less of a concern. they have made close tos 3ds

billion to $4 billion worth of freeh payments from foundry partners, to foundry parters tmplt smt and samsung and getting more supply second half of the year to support surge in gaming where most constraints have been, new gaming chips. capacity coming online nvidia is an extremely important customer for tmtc as well as qualcomm and conditions will ease second half. >> jim cramer called this a conference call stock. what do you expect and expect to see more meaningful moves in one direction? kind of flat after hours >> surprised by the reaction it was a significant -- semis however in general selling off this cycle despite the fact most companies putting of decent rates.

folks worried about some sort of correction down the road in inventory when more capacity comes online i don't think that bears fruit general concern about semicircle and affecting valuations i think on the call, we should hear more about the omni verse opportunity in 3d virtual world and hear more about a shift to higher growth margins selling more software and maybe an update what they'll do now after the armack position failed, dissolved. a new strategy there at new of items up for discussion nvidia should be the first trillion dollar semiconductor company. >> quickly, round it off would an economic lowdown hurt them or are they immune to that? >> economic slowdown will hurt everyone i do feel that they're less vulnerable than others because they're tied to massive sector

trends happening in technology one of which is adoption of artificial intelligence and machine learning across industries, across hyperscalers, across enterprises that's not slowing down. the need to process different types of data whether natural language processing or video or image images, that will continue consumer side is tied to gaming. demand for gaming. gaming is also in a secular shift as well. they have a huge install base. there will be some impact in terms of consumer spending but secular trends in gaming and data center are very strong. >> thanks for joining us good to see you. >> good to see you as well. off the break, your earnings scorecard. doordash popping trip adviser dropping. those moves next on "closing bell."

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welcome back a check in op after-hours

earnings movers. nvidia beat across the board company reporting better than expected guidance and down a little, 1% doordash popped on mixed results. up 30% now result in pointing guidance doing enough cisco reporting a beat company announcing a $15 buyback and fisker earnings coming in line strength in reservations. both names higher and trip adviser sinking missing on both lines down 7%. and other shares shopping on earnings, company issuing weaker than expected down 22% and slipping from its earlier -- >> yeah. obviously, most important stock. might obviously as you say, wait for the conference call. amd down $1 aftermath of that. commentary the data center line less strong than some hoped.

cisco up 5%. qualify, a big move for cisco. stable but consistent with the story capital return more buyback higher dividend. a yield story and predictable. 3 cent beat on 81% forecast right on brand for cisco. >> doordash up hit hard lately. when we come back, got a few surprises for wilford on this final day of his "closing bell. come on back.

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welcome back to "closing bell." final few minutes here and anchor wgith me dear friend looking to tackle big news stories of the day nev never afraid to ask a tough question and never takes himself too seriously. >> a very warm welcome to world wild exchange. headlines around -- >> welcome to "world wwide exchange." >> good morning from davos, switzerland. >> ah! >> tensions running high here. >> a very warm welcome to

london just two and joined by five lovely ladies to see how they're going to cast their votes. >> you have backed and exit from the european union the most significant political development in my lifetime perhapsdown. >> good afternoon, welcome to the stock exchange, averages poised to turn in their worst week since the financial crisis. >> dow up 120 points was down 1,115 at the low of the session, an extraordinary intraday market turn around. >> should people's equity exposure particularly to developed markets should it be zero right now >> i think a good number in the u.s. would be u.s. >> one day would you cease to be the critic of politics and step into the arena yourself. >> no, i'm not stepping into the arena. >> we had a couple high-profile departures in the past year or so, did you not pay people

enough >> just 46 days after taking the helm, wow, you're not wasting any time. >> no we're not dilly dallying. >> we're at morgan stanley headquarters. >> i'm indeed in the top of bank of america tower in the middle of hand 459 an. >> mr. stump are you considering resigning, will you give up your own bonuses? >> how disappointed were you that the british decided to grant access to allway. >> secretary, thank you for having me. >> thanks so much for joining us. >> great to be on the program. >> i know everyone cares a lot about the dress but also beard or no beard. >> my bet is based purely on one thing. the queen mentioned it will be gone >> the queen met 11 of the last 12 presidents from truman up to trump today. >> who do you think will be better -- sarah or me. >> don't agree with the president that height matters?

>> it all comes down to brain power. >> err >> it's not a race slow down. >> this is my ultimate dream, no question no question. >> i'm simply here to say happy birthday. >> thank you. >> great to be here every day with you. >> well, it's great for us and i can't believe we share everything, including a birthday. >> i think my face looked like an ape >> take it off the screen. >> my god, she does not shut up about foreign exchange ♪ >> i want to go back to your horse phobia, i don't think you'd stand where he is standing. >> that's a bit too close. >> i like kate more than i dislike horses i'm happy to take this cake. with both hands. >> if i had this live on air there would be widespread criticism. i'm sure i would immediately gag afterwards >> oh, come on ha ha.

♪ >> looking forward to this i have to say. i'm gonna do it because i agreed i would. ♪ >> michael phelps joins use now. >> usain bolt. >> such a young age to be a champion, the most impressive thing but fairly young to be interested in the markets as well. >> to see it live is incredible. >> on top of corporate partners did you personally want them to be the partner >> well they're the partner of the league so i was obviously very proud to be part of that. >> does the future of your industry rest on science and developments like this vaccine >> obviously it does depend a great deal upon development of the vaccine. >> i am not going to dignify that with a answer you can [ bleep ] off. >> time for resolutions. mine is sort of an action, which is to live life to the full, i think, after this challenging

year, that includes as much travel as i can possibly do, including trying to get home for the first time, a whole year without being in my country, when i get there hopefully no mention of the word brexit >> i guess you fulfilled your new year's resolution. >> there we go that was the year before. >> well, so it took two years. you're going home. >> and i -- gosh, thank you to the team >> was amazing. >> great trip down memory lane. >> yes so many fun moments and of course we'll miss you so much wilfred as you know. there are two people in the uk excite have you back. >> hi, it's gabriel martinelli, looking forward to see you in london hope to see you soon >> hi wilfred it's ben white from arsenal, just a welcome back message hope to see you in the emirates soon. >> i don't know who they were.

you knew. >> i was getting emotionally it might be momma george but that was kind of better i hope you're not watching momma george, i look forward to seeing more but that video message was epic. >> arsenal came to us and asked. >> they did. there are actually two people that you may know that are very excited to have you back as well >> i can't believe that you have been in new york for six years >> that's where he's been! >> oh, george, such a little pranksters and i cannot tell you how proud i've been and how dad and myles are looking down on you feeling the exactly the same thing so i am going to raise a glass to you coming home i cannot wait to have you and kaley married here and living here weekends. god bless you. big hug.

mom. >> and wilf, london is not the same without you we've -- we've missed you, london's missed you, all of your m mates and all your family have missed you we just can't wait for you and kaley to be back and for us to get up to all sorts of mischief again. i'm afraid to say usa's loss is most certainly england's gain. we're so proud of you. lots of love >> big hug mwua bye. >> i promise myself i wouldn't get teary but that's -- it's difficult. and george -- managed that without a teleprompter he's got more talent than we have. >> that was before you said you prefecture the arsenal guy. >> guys, i mean, it's of course, you know, very, very sad to be saying good-bye but when you say good-bye it does

also give the all-too-rare opportunity to say some thanks as well and i wanted to also focus on the people that you guys at home don't get to see. the people behind the scenes top of the list is entire "closing bell" team, led brilliantly by lisa villalobos i will miss working with you all very much. same to the team bradley ruben at the stock exchange and your team in the headquarters and n. the field and -- i could go on. just an amazing set of people behind the scenes at c nbc also to the bosses, nick and don and casey before them you guys believed in me as a broadcaster before anyone else was willing to i will be forever grateful to that finally, to my on-air colleagues, every single one, throughout autoll hours of the ,

in particular to mike the martest and yet most humble man in existence, it's been a pleasure, i've learned so much and of course to sarah, i've adored our on-air partnership. i will miss it immensely we'll just have to find a way to fire it up again decades douj the line or years down the line i can't wait to keep watching the show in the meantime, dinner time in london can't wait to have that on in the background every night and then, just finally, to the viewers as home, and more broadly, to the people of this great nation, thank you for having me. i came as a guest and you made me feel like a friend from day one, loved every second, hailey and i can't really wait to come back and visit but until then it is good-bye for me. >> i did get you a few things to remind you that you love about new york and that you love about u.s. i don't know if you can guess.

i want to give you a few things. so this is a big disagreement for us, wilfred adores dunkin' donuts, don't ask me why and wilfred absolutely loves "the phantom of the opra" which we saw together in new york. >> it's the best. >> you saw it how many times? >> i seen it probably 12 times now, and sir andrew webber dj'd a block party recently that's amazing. >> can you guess what else i got. >> not sure. >> nice gap sweat shirt. wilfred loves the gap. >> i do indeed thank you very much. >> this is instant credit ability for both you. >> you've also got a lot of swag from the new york stock exchange who loves you very much and was happy to provide vests and sweaters and all sorts of things

and campbell's i always think of you. >> it's good soup. the president knows it we're out of time here thank you again. best teammates in the world and best team behind the scenes it's been a pleasure. thanks for tuning in to "closing bell" make sure to continue every day with this great team olympic coverage picks up next ? he can the united states has won curling gold >> e great wall illuminated at night a signature feature of the chinese landscape. and the national aquatic center, home of curling. a vast spectrum of colors and of curlers. glad you couldoi