re-invited. >> no, we're starting at six. >> oh, we'll. >> see you starting. >> at six. >> we got three hours every morning because you're just getting started. we're not, we're not, we're not off. we got about. >> 15 seconds before we. >> i'm telling you, i. >> just told everybody i. >> want you back. okay. well, i, i'm. not used to, like, you know, the groucho marx thing. i wouldn't go to a club that would have. >> me as a member. >> i'm not used to being re-invited. >> see you. >> tomorrow morning. take care. make sure you join us. squawk on the street is next. good tuesday morning. >> welcome to. >> squawk on the street. i'm david faber. >> with jim cramer. >> we are. >> live from. >> post nine at the. >> new york stock exchange. >> carl has the. morning off. >> let's give you. >> a look at futures. it's a shortened week. remember it is tuesday. doesn't feel. >> like it. >> but look at that. >> we may have a higher. open first time. >> in three. what we had three down. i can't call it mondays. >> this is actually synthetic wednesday. >> but you know. >> what i mean i do i know exactly what you mean. >> what we look like we're going to have a higher opening a half hour from now. >> when we get started.

>> with trading. >> let's get to our road map. >> it does. >> start with the. >> return of. >> a little. >> bit surprising, right? >> jack ma. >> chinese president xi holding a. >> rare closed. >> door meeting with some of that country's top business leaders and did include, i want to call him my old friend, but certainly somebody i used to interview a bunch founder of alibaba. moving on from there, one top social security official steps down. from her role. this after refusing a request. from musk's doge group. >> and we. >> are also. monitoring what was. >> another. >> plane crash, this time. >> involving a delta. jet overturning. >> upon landing. >> at toronto's pearson. >> international airport. thankfully. >> everybody survived. >> all right. >> let's get to the market. >> so again, what i said was a short trading week. first time you. >> and i. >> have been together in a little while. we both. >> took some. >> much needed. >> r and r. >> yes. >> first time i can. >> congratulate you on being part of the fan base for a super bowl. >> thank you. that was quite a. >> i did not. >> wear my. >> eagle tie. >> this is serious show. >> we know that. >> yes. not just.

>> not more fun show. >> i'll have it on tonight. >> that's great. >> well. >> great way for you to start. and obviously this week for you and a lot of different ways that we don't need to necessarily revisit as well, jim. >> but i'm very. >> happy you're back. i'm happy to be back. and we got plenty to talk about. yes we do. let's start off with what you're thinking about as this week sort of begins. >> well, look, i. >> think that there are a lot of. >> people who are recognizing. there was a panic. >> and the panic. was was. >> frankly, from out. >> of china. >> and whether. >> they passed us, it was very reminiscent to the. sputnik period in our country. have the. russians passed us? >> and you're talking. >> about deep sea? >> of course. this is weeks ago at this point. but the reaction, particularly. >> in nvidia. >> stock and in. many of the power suppliers, which i think continues to be a. >> question. >> i would say that a lot of people are saying. >> look. >> right now. >> it's still good. a lot of. >> people are saying when i was, i was with a lot of ceos. >> look, if. >> meta, if. >> alphabet. >> if amazon are still committed. >> to nvidia. >> then there's then there was

no surprise. right? >> i believe that. >> i think that there are another wave. >> of thought, which is it's actually good for nvidia because. >> it. >> gets more. people on board. not sure if i agree with that, but it is a cheap way to get on board. >> and then you. >> do need training. >> real training. >> i think the excitement part. >> is video. >> video means robotics. >> that's the next. >> leg. >> for. >> for nvidia. yes. >> that's the. >> next leg. because over. >> and over again when you're even gtc. >> last year, the big. >> conference that jensen runs, that was all about how. >> blackwell will help. >> video and. >> video allows a robot to learn how. >> to do things now. video david is when he keeps saying anything. >> you can do, they can do better. >> physically, right? but they need to see the videos now. they can. and i think that that's. >> a big step up, and it's not. >> something that. >> deep sea. >> could possibly, possibly imitate. >> there are nowhere i know, and as this. >> year. >> moves along. >> we're going to be. >> monitoring so many. >> different things when. >> it comes. >> to the developments in ai. >> particularly, as you say.

>> sort. >> of in. >> robotics. >> and what. >> advances are being made there. >> and what's going. >> to happen. >> but look, i'll be you. >> know. >> i'm trying to avoid the political. >> yeah. >> well. >> there's so much. >> going. >> on and that's all. and it's a lot to tackle for any management team, right. >> particularly if you're. >> in the line of sight of things involving tariffs in some way or other, but so many other areas. as well. >> but my old. >> friend peter navarro and. >> i will identify him. >> as. >> a friend because i've known him for. >> i don't. >> know, 40 years. he he won last week. and i know there's a piece today, several pieces about. >> how can he be stopped. >> right. and i think journal piece about senators at least sort of trying to push back a bit. obviously you're still we're still waiting. >> for the. >> commerce secretary to be confirmed. that's going to happen. howard lutnick expected soon. trade. not yet as well. so navarro has particular vacuum that he can fill here. >> but. well. >> navarro has been. >> after the. trans shipment of steel. through mexico. >> to the. >> united states. yeah. >> and if. >> you look at. >> what leon topalian, who's.

>> the ceo, of. >> course, been saying, it's really an outrageous thing. >> everyone thought that it couldn't. >> be evaded. it is being evaded. >> that's what. >> he's peterson. after that. >> now does that mean peters. >> also. >> after every everything that comes from mexico? i don't think so. but you had to shut down. the steel because that's china. and look, if they were doing. >> it back. >> door to. get evs in here, that'd be very difficult. and then musk is the other. >> thing people talk about and whether. >> musk is really. >> going to beat the deep state. >> there are a lot of people. >> who use that term right and left. >> i always find, because. >> i thought. >> deep. state was a kind of a i don't want to say a canard, but but something that obviously was. >> you have this group of. >> people who are. >> entrenched and. no one likes the deep state. so you end up with a situation where people are saying that. >> musk is good. >> well. some say and. >> others would are questioning. i know. >> a. >> lot of the departures. >> that are taking place, the access that is taking place in. >> terms of potentially now. >> the irs, obviously, we. >> mentioned in. >> the in the lead up to the show here, alex, security person. running it is stepping

aside. we're waiting for the full time. but we had alex karp. >> i think that. >> we've cnbc book club run by alex karp. yeah. and alex is. >> very much involved. >> i think that everyone. >> who's buying it. >> there's a big retail. >> component. but i think there are a lot of people who think that doge is going to come to him and. >> say, solve. >> the pentagon budget. >> so. right. you like, then you got a stock that goes. >> up another. >> 20 trades at. >> over 100 years worth. >> of revenue. >> that's that's alex. and a lot of people. >> want to short it. people want to short it. i'm not. >> going. >> to short alex at your own peril. >> no. your own funeral. >> and i'll. >> send you. >> an invitation to your. >> funeral if you short. >> alex karp. but it'll be. wouldn't it be prudent if you owned it for some period of time here to potentially trim? jim, i just asked that because these multiples are so high, isn't there not much room for error? >> no no no no rule. >> rule 40. well, he's at 81. >> yeah, i know. >> the whole rule of 40. i know my friends. >> just said jim. will you you.

>> drank the kool-aid on this rule. >> of four. yeah. you did like one day i came in and suddenly you're all about rule of 40. and i feel like you heard about it like a service. now you love your rule of four. i love the way you. you slight me. >> on that. that's fine. your mother was so kind to me about my birthday. i don't. >> really care what you have to. >> say, but i will say that. all right? i'm being a little facetious, but. it's clearly an overvalued stock. >> yeah, i. >> just i just think that. >> if he does get a dose contract to. >> reform the. >> pentagon. >> it'd be very meaningful, right. >> because he wants to he stands for efficiency. i also think that the. idea of the manned the manned weapon is not. >> lethal versus. >> the unmanned. but i know that he's caught on germany. >> i wish that if. >> you press a little further. >> it does. the identify with that far right party. well. >> this is the. >> vance issue again. >> but this is politics. >> and that's. >> a. >> lot of politics you're bringing in today. >> but you know what? let's stick with. >> it. >> for a moment. >> let's talk more. let's get to megan cassella. she's in dc for us because it is coming up so

often. >> and then. >> we'll. >> get back to our discussion, megan here about ai. >> and everything else. >> but tell us. >> the latest about doge and sort of. >> the developments there. >> a lot of developments. >> david, for the trump team this long weekend was all. about doge. >> and the biggest. >> developing story you. >> guys have already hit on this morning is. >> the social. >> security administration. late yesterday, the top. official there that's acting administrator michelle. >> king. >> stepped down from her. >> position after refusing to allow. employees affiliated with. doge to access. sensitive information. >> so think. >> things like social security. >> numbers. >> bank information, earnings records. king was replaced by a lower ranking career employee. >> one who had. >> been outwardly. >> supportive of doge. >> online. and then she chose. to resign. and that's not the. >> only standoff over sensitive personal data that's. >> taking place. >> this morning, because a doge employee is. also expected to. >> soon. >> access a highly. >> guarded data. >> system at the irs. that's one that houses sensitive taxpayer information. and it's alarming. officials at that agency. >> and both. >> of these moves is an escalation of doj's attempts to access. sensitive or classified

information across the government. the white house says, though, that direct access to these. systems and these files, that it is required in order to root out. >> the types of. >> waste, fraud and abuse that they're looking for. and i should say, there. >> are attempts in place to. >> use the courts to stop doj's access to these types of systems and to slow down the mass firings that we also saw over the weekend, starting on friday. but those. attempts have hit. >> a roadblock. >> a federal judge in dc on monday saying she found doj's. accents concerning and troubling, but that she needed to see more evidence of imminent harm before she granted a request for a temporary restraining order. so more to watch on that front. >> likely to see. >> some. >> developments the next 24 hours or so there. >> and in. >> the. >> meantime. >> doge moves. >> forward for. >> now, guys. >> megan, is there an expectation at. >> some point. >> that doge is going to start to give us more specific data in terms of where it's finding fraud and, and, and, and things that it's actually, you know, able to identify. >> yeah, that's. >> the question that.

>> all of us. >> want. the most, right. >> we want to know exactly. >> what they're talking about when they say there. >> are so many examples. >> of fraud. they're talking in. >> very broad generalities for now about. >> things that. >> seem a little unlikely. things like folks. >> that are 150. years old. >> getting mass. payments from. >> social security. >> and. >> that kind of thing, things that. social security audits. >> don't turn up. >> so there is a doge. >> website now, and they're slowly adding. >> more and more to it. you know. >> you hear doge saying. >> over and over and elon. >> musk saying over and. >> over, we. >> are going. >> to be. >> massively transparent. everything that we're. >> doing is out. >> there for now. >> when we. >> ask for examples. we're not. >> getting the types of. >> specifics that we're looking for. it's possible that starts. >> to come out as they get. >> a little bit deeper into this, but for now, we're still waiting. >> well, first, megan, just a terrific job on this kind. >> of reporting. i know it's very difficult. >> is it possible that they need to go this way as back door. >> way. >> because the actual. entrenched people at these. >> different departments. >> are simply not. >> going to help. >> they're used to stonewalling people. they've been there for years. they know that they. >> can get away. >> they always know they. can win. and these guys have somehow. >> come up with a backdoor.

>> way to really. examine and be able to make. have rigorous. >> discussions about how much money these people. >> are. >> costing the taxpayer. >> that's the argument that you. >> definitely hear from. >> the administration. >> that they. >> have to sort of take on. >> these entrenched government. >> bureaucrats that. don't know the. >> fraud or abuse, or that they're there. >> to. >> protect it. the alternative argument. >> though, that. >> you. >> hear from folks who have devoted their lives to this. >> is that they. >> say that even. >> if there could. >> be some good. >> everyone in both. >> parties tends to agree, there. >> is likely. >> some waste, fraud and abuse. >> to be tackled. but the folks who. >> are against. >> doge or don't. >> like the way they're approaching. >> this say that there's. >> a cost to the chaos. >> that even just. >> going at it this way, even though. >> elon has said that they will. >> fix any. mistakes that they make. >> that there's a. >> cost in the meantime of things moving too. >> quickly, things breaking in the. >> meantime. >> a mistrust in. >> government being sown both. >> in the. us and. >> across the globe. >> and that that could. >> be more damaging. >> in the long term, even if they do make. >> progress. >> in the. >> meantime, guys. >> megan, thank you. and obviously we'll be checking in with. >> you on so many other things. >> she covers trade for us too, you know. >> yes. plenty going on.

>> there as well. >> david. >> the money. >> the money. >> is. >> in medicaid, medicare, medicaid. >> and social security. >> and it's. >> the interest. >> so it. >> may be the pentagon. these are all small fry. >> what is he doing? >> i know this is. >> that's what a number of people come back to who are truly concerned about the. >> overall deficits. >> and debt, is that. >> stuff is just. >> extending the social security retirement age, let's call it even retroactive to people who are 45 years old now, would do more potentially than any of this. absolutely would make it to 70. because, as you said, you know, given how well educated they are in so many of these issues, what i mean, medicare, medicaid. defense and the social security and the interests are 75 plus. >> percent, obviously, you know. i think that palantir is a solution. >> i, i actually like. >> there's other people in palantir who. are less. >> effusive. i just. >> can't get palantir and. >> alex karp out of your head. i got i got to get this out of there. >> no it's not. >> he's. >> no. >> he's renting. it's a sublet. it's only this part. it's not a

problem. >> he's got a very he's got a he's got a four bedroom in my head which is pretty amazing. >> that is he got a great price. three mil. yeah. that's not that's not cheap to get. >> but i. do want to point out that it's the pentagon. that they can attack. and they really haven't. really entrenched there about the five companies that have consolidated and taken the budget. and they're saying that the eisenhower mandate, not the eisenhower, the. >> 10 to. >> 11, but the eyes and. >> ours, president. >> of united states, who also ran columbia. >> and his goodbye address. >> he warned about. >> the. growing defense complex, the military industrial complex. and he's right. and that's. >> what they're really saying. and i like that, david. it's so security and it's medicare. they got to get into medicare. look, if they just looked into. medicare and did nothing else, they would. >> be winners. >> right now medicare advantage even. >> oh, god, don't. >> you got. >> a better one? >> you know, by the way, i'm. >> a four star guy. >> you got to find. >> what's four star. >> okay. >> can you imagine that? you're looking. >> for a four star general when it comes to medicare advantage? want to. >> move on to another. >> story to. hire someone as well? >> and i. >> know you have.

>> interest in this. >> and of course, some of our viewers. >> may remember. >> when i said jack ma was. >> not missing. >> that's years ago. that was that was in the midst of covid when the anti poe was turned down by by the chinese government things. so the question is, are things really beginning to change in china in terms of the regime's approach to business? president xi did hold what was a rare meeting. with some of the country's. >> top business leaders. >> and it did include. >> jack ma. >> it was good to see him look well in at least some of the pictures we were able to see there. but still a lot of questions, jim, in terms of whether this truly marks a turning point, because in the last four years. >> they've. >> been beating. >> down the private. >> sector, so to speak, and. building up state owned enterprises to a certain extent as well. and their stock market, at the very least, has suffered as a result. periodically. >> stalin and lenin did this. they would invite americans in lenin, arm and hammer stalin for when he could get jeeps and

trucks. >> during world war two. they would be very. >> i would say, very winning in their presentations. and that, of course, when it's over, they say, screw you. i believe that she is in a similar position. he's got to get. >> the economy going. >> and when it's over, if he survives his leadership, then i think you just sell these again. but you know, look, this is the dave tepper rally. >> yes. >> dave will tell you. >> buy. >> buy every time i write him. >> he just goes, bye bye. he loves baba. by the way. that's been. >> a good. >> place to be. yeah. alibaba shares are up sharply. >> he shared. >> it the whole way i look. >> you know. >> i love tepper. >> another guy. he a guy who screamed. >> at. >> me and ridiculed. >> me in front of a floor of 80 people at goldman. and i because i'm a masochist. >> liked it. i really thought it was terrific. >> young man. >> then. yeah, i thought he was great. >> i do like. >> him, i get it. >> he's like, hey, hey, cramer, you know what? i like you. because you're. >> like, you're smart enough to. >> admit that you're stupid. oh thank you david. >> thank you. moved up very sharply. and there has been there has been there has been a rise. the question of course to

your, to your, to the extent you raise it is will, will this be extended and some period of time will it actually be real. they need it. that said i don't you don't you know, sometimes i think we do underplay some of the advances that the chinese have made in, in significant areas. obviously, we've talked a lot about deep seek and what that's meant in terms of at least some sort of form of competition on the ai front. but by what that means, although they battery technology. >> they keep. >> opening solar technology. yeah, but mostly it's backups. solar technology. they put i mean, they installed more solar last year than the whole world. of solar. >> they are. and i've. >> got i've got to tell you, david, when i look at. >> the he did. >> bring the middle class in, it was like 400. >> million people. >> did move. but they they built wrong. they're switching to consumer. there's a devastating piece in the ft today about the pivot of apple to india. and that's got to be. >> just so. disconcerting to a. >> guy like she. >> he has to win apple back. i

see nike. up okay. nike could. >> be. >> up there. >> hurts to. >> that taiwan. there's so many different things. >> taiwan people keep thinking vulnerable vulnerable vulnerable. and we know that if president trump. >> sent a bill to ukraine. >> what's the bill. >> he's going. >> to send to taiwan? >> well, ukraine doesn't. >> seem. >> to be a part of the conversation. >> about their. >> own future. >> so. >> well. >> you don't. >> say anything to taiwan either. >> was czechoslovakia at another time? they weren't invited. >> to the table. >> chamberlain and hitler. right. they they negotiated about the sudetenland. >> and democratically elected. >> i like. >> ukraine, 1938. yeah. >> it's like man. yeah. >> peace in our time. peace in our time. no, it. >> didn't happen. >> at all. i know he should have had the czechs at the table. might have helped, would have. >> all right. we like to. >> talk history here. do you know that every so often. >> my favorite. timothy snyder, a great. >> professor at yale, just not sure that the administration is aware of that. >> 38 no. should be no. >> yeah. they might want to read the transcript. all right. still to come. >> we're going to. >> hit southwest airlines. it's the latest company to announce

some fairly large layoffs. let's give you a look at futures. of course we get started trading here about 12 minutes from now. we are looking for a nicely let's call it nicely higher let's call it nicely higher open. we're back af it all started with a small business idea. it's a pillow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! >> and secure jeep grand. >> cherokee melt. >> limitations with. >> our most. >> capable jeep wrangler. >> ever, or. >> battle the elements. >> and win in the jeep gladiator. hurry into the. >> jeep. president's day sales

event before. >> these incredible. offers slip away. during the jeep. >> president's day sales event. get $7,500 total bonus. >> cash allowance. >> on. >> 2024 jeep. >> grand cherokee. >> overland, and. summit models. see your. >> local jeep. brand dealer >> local jeep. brand dealer today for. ♪♪ your pain shouldn't be minimized or forgotten. ♪♪ when medicine gets better, all of us can get better. joined. >> to achieve. >> financial freedom in retirement. >> jim cramer is the benefit you get that you can't get anywhere else. it's a great value. >> jim cramer. gives you much more. >> than you. >> would ever get.

>> from any advisor. >> he teaches. >> how to invest. >> versus just. >> what trades. >> to make. >> return on investment for the club pays for itself. >> join the club you never save with a special offer for all those making it big out there... ...shouldn't your mobile service be able to keep up with you? get wifi speeds up to a gig at home and on the go. introducing powerboost, only from xfinity mobile. now that's big. xfinity internet customers, cut your mobile bill in half vs. t-mobile, verizon, and at&t for your first year. plus, ask how to get the new samsung galaxy s25+ on us.

>> of potential gainers on the s&p. that comeback. >> constellation brands. >> always need to make the distinction between. >> that and constellation. >> energy. >> the bad one. >> yeah. but well the bad one has got some buying from berkshire 3%. >> position 3.1. >> not sure if he even still. >> owns it as far. >> as i'm concerned. >> because i'll tell you who doesn't own it. >> oh my charitable trust. >> all right. >> you know why? why? because of. >> severe underperformance. >> and we. >> don't we don't accept that. one of the reasons why it's up 17 and we sent our email is. >> like boom there. >> that thing. >> goes all right. we got a. >> mad dash coming up. don't go anywhere. >> oh by the way some people know.

>> it's not if the markets will turn it's wind at howard capital management our proprietary family of funds actively navigates complex market landscapes while seeking to safeguard your tomorrow. we aim to empower investors, delivering opportunities with a tactical mathematical approach. start investing with confidence today. contact your financial advisor and see how howard capital management can redefine your. fund experience. we empower. those who act, those who. >> see the. >> correlation between predictability. >> and probability, those who manage. >> risk by. >> anticipating each movement. >> flawless execution.

>> timing and accuracy. identify the goal. >> match power with precision. reach new heights. >> cme group where risk meets opportunity. >> when we talk about the trades, it's always i need a plumber and electrician. a good hvac guy, singular as if it's just one person fielding the call. realistically, what you're getting are entire teams expertly coordinated to keep the lights on, not just at your home or business, but every home in business. and the same way you depend on them, they depend on service. tighten the leading software for contractors. the operating system that powers the operating system that powers the trades service when i started walton goggins goggle glasses, i had no idea what i was doing. but godaddy airo does. using ai to build a logo, website and social content. so i can let the world know, if your goggles ain't goggins, they don't belong on your noggins!

and inflammation support, and qanon has the number one doctor recommended form of turmeric qunol the brand i trust. >> inside wealth an exclusive newsletter for a select audience inside family offices. how the wealthy become ultra wealthy robert frank's high net worth perspective. join the list at cnbc.com. inside wealth. >> i'm for a mad dash on. >> this tuesday as we get you ready. >> for a trading five minutes or so. >> from now. >> dell. an interesting name. i think it was up on this exi order that was reported by bloomberg and.

>> but. >> some competing views. >> yes. >> i mean, for instance, bank of america cuts its price target 155 to 150. now they report in ten days. but you're righteous, ben. righteous. he's got a good following. >> nlds. yeah. >> been a lot. very bright on ibm. very right on cisco, by the way. he's really going put all the chips in here. this king idea is nvidia. he's saying this is it. you got to buy dell. and he says that the expectations have been lowered by that last quarter. big deal with elon's got this amd deal. and i've got to tell you what sub rosa idea. >> that when nvidia. >> reports they'll also look good. so you've got one. >> two punch nvidia. >> could make dell look good i mean supermicro is up really high. and supermicro. >> is a little questionable right. >> but then i think michael dell's got a very good situation. >> though with the whole blackwell thing. when they its up into servers. >> it's too slow. >> what's too slow? well, what. >> happens with blackwell, as jensen. >> would tell. >> you, you have to build it. you have to assemble it, you have to test it. then they have

to take it apart, and then they have to reassemble it for where it's needed. >> it's too. >> big for trucks. so what happens is you've got a liquid cooling problem. you've got to reassemble. by the way, hpe just did its first one. these guys are ahead of the. game i like it i like michael. >> dell curry. all right. we'll keep an eye on shares of dell. got a lot more stocks. >> to watch. >> as well. the opening bell four minutes away. don't go anywhere. >> get invested. >> join the. >> club jim cramer is. >> an. excellent teacher. >> i don't have the time to do this full time for the value that we get. >> the investment is very much. >> worth it. join the club new member save with a special offer for a limited time at cnbc.com. join jim. terms and restrictions apply. >> i find. >> it challenging to come up with a gift that's really impactful, something that really makes a difference. jolie has been a tremendous gift. it's something that is not only looks beautiful, but makes us feel amazing and is something that we get to use every day. >> you've got a glow about you.

inside and out. >> show it. >> to. >> the world. with just ten minutes of self-care. >> meet omni. >> luxe, contour and led light therapy mask clinically proven to reduce fine lines. >> and wrinkles. >> find out how you can improve your skin at omni luxe. >> at the real deal, over 10,000 new arrivals dropped every day. so you can shop. >> all this. >> from right here. >> the best part? >> it's up to 90% off. the real >> it's up to 90% off. the real deal authenticated luxury. discovering innovation today, helps drive growth tomorrow. as a leading global asset manager, pgim has established a track record of helping investors capitalize on growth opportunities. pgim investments. shaping tomorrow, today.

expanding parts and software business. americaneagle.com optimized our website, turning our proprietary data, content and diagnostics into a powerful platform that reaches more diyers, pros, and enterprise clients than ever before. if you're looking for an agency who can solve your complex digital challenges, contact americaneagle.com today. >> in a world of uncertainty. >> and disruption, how will. >> your. >> investments stay resilient? >> we've been navigating change for 125. >> years. always looking forward, anticipating risks. >> and trusted. >> to. manage over $1. >> trillion. >> in.

>> assets worldwide. >> solving for the. >> needs of investors today. >> and tomorrow. >> that's the. >> power of nuveen. >> the opening bell is brought to you by nuveen, a leader in income alternatives and responsible investing. >> all right. >> welcome back. we get started trading in a minute. take a look at meta. if it is up today jim i think it would be 20 days. it's incredible. 21 would be today. straight days up. >> we let we. >> very reluctantly. >> let go of some last week. we were talking about palantir and just kind of taking out trimming. >> we did that. >> we were up so big came a large position. you know, i believe in mark zuckerberg. very good. they really have. made a much better attempt. >> at having good public. >> relations. >> good. >> investor relations of late. >> it's working. >> the investor relations effort is working. and i think it's really. >> to be noticed that people

have to recognize those things matter. rarified territory. i think we've got to. >> stock up 20 consecutive days since 2000. >> of the s&p 500. >> amazing. all right. we got an opening. >> bell right now. >> celebrating the 150th anniversary. over to nasdaq. >> that is the down. check out. i think. >> everyone is trying to figure out how. >> to. >> capitalize off that. >> people are. >> kind of mesmerized. >> the trade desk didn't do as well at jeff green. >> and google. >> are glitched. >> but applovin is. >> a. way to get. >> hold of people. >> i don't know if you've seen applovin. that's another company. >> that. >> people are. >> just, you. >> know, there. are just cold stocks. applovin is. >> now $185 billion company and they. >> do an advertising. >> you get people in. >> video games. people want to. reach people david. anywhere but. >> linear right. linear is. >> just the kiss of death. people would rather reach people in. a in a grand theft. auto

than they would in a cop. >> a fire. >> a they don't want those shows. yeah. linear is that we know that right? you do. >> know, though, that. >> we're going to be part of a company that is. linear cable networks. you know that, right? what's this we stuff. oh, you're oh, you're with me. >> you're not. >> going anywhere. >> you talk to my wife. >> we're linked. >> have you talked to lisa? >> you give lisa? >> i have. >> but not recently. >> yeah, she changed her email. >> yeah, she has a different view. lisa's open minded. spinco. i need you to be open minded about spinco. am i. >> going. >> to be open minded. >> about. >> you're not even labor. >> i mean, you're not even management. >> look, comcast. >> is above 35. >> i listen, miracles can happen. look at that. really? it's only down six, 6.5% for the year. there's the s&p though. that's a record record high that we've opened out there. and you can see year to date up another four plus. how about apple. >> you didn't talk. >> about the comeback. >> in apple. >> you mentioned that. all right. so you just did tell me about it. i think. >> that.

>> there's a belief first of all a. >> lot of. people misjudged china. >> i think that the fortunes. >> of the billionaires and. what's happening makes it a little. bit right underneath. >> maybe there's something going on good in china. >> i think that they're. >> away from the idea. >> of, well, there's this 16, there's the 17, there's the 18. they have. >> a new edition of. >> the phone. >> coming out. a lot of. >> the accessories. >> have done well, and. they're still amazing service revenue. >> very confident group. >> and i really think that people. >> have to. >> who sold it at two. >> ten and 11 are having tremendous buyer's remorse. >> i always come back to. >> this with you on the name. the multiple is fairly high given it hasn't really grown. >> no. >> but on the top line. >> if the earnings. it's true. but if you get a situation where the service revenue stream is so. big and we stop having this, okay, how to. >> do how to the new edition. >> do. >> then you've got a much. smoother trajectory of the stock. this is something. >> i spoke to with. with tim cook after the quarter, before he announced it was the idea that maybe. >> there's going to be a.

>> new view of apple. >> it's not just. >> going to be constrained by, okay, how did the 16 do? and that. >> would be. >> really fabulous. >> other people think. >> it looks like. >> grand teton and that's. >> where it drops off. >> those people are much more oriented. >> toward the chart. >> and i don't. >> really. >> care about their view. >> we do have a product event. >> coming up. >> as. >> well. >> for them, i believe. yeah. >> it's big. yes it's big. yeah. you know. >> but by the. >> way, when i look at these. >> kla that's up five, that's. >> a lot of belief. i have them on tonight. >> the newest. >> member of the apple family. and by the way, we should also mention berkshire sold out of bank of america, sold some other things, but no apple. they kept that the same maybe went. yeah. >> kind of decided not. >> to trim his. >> best stock ever. probably. i don't know if it's. >> best stock ever because he has merck is best. well yeah. he's got some things. >> from the. >> very, very early days that are pretty you know, but not wells fargo. infinite returns, wells fargo. >> speaking about charlie scharf being. >> the new king. >> and yet, david. >> i watched jamie dimon and. the expletives that the eagles use. before and after the game. >> yes. >> i mean, they must listen. to

jamie dimon. >> or maybe they want a job. >> at jp, referring to mr. dimon being quoted. i think it was in an internal it was an internal no such thing as internal. no there isn't, but he's not talking about return to work. and a. >> petition that's. >> being signed by, i guess, some employees who are objecting to the idea of being back in the office five days. and he said the following. >> it's a very fitting. >> i don't care how many people sign that effing petition. >> is fitting blank. it's a fitting petition. i don't get it. >> i call. >> joe evangelista. >> i mean. >> there's nothing wrong with saying. >> fitting, by the. >> way, what i. >> find interesting, and i go back to it because it just reminds me how often you're. i'm lied to. >> you're supposed to say. >> during during the early. days of. >> the pandemic. >> when i was. >> already getting up. >> on my high horse about return. >> to the office and everything else, i. >> was against it. day one. >> i'm against working. >> out of the office. all these ceos. oh, but the productivity numbers. the productivity numbers, david, you should see

them. people are more productive than ever. and i. >> was like, really? >> google had not. >> how are you measuring that? >> google had. numbers now we're. >> doing now. you know jamie's talking about not that he was one of them because he wasn't, but he was never. but i was hearing about that from so many ceos who were exclaiming the joys of working from home and how productivity was only enhanced. >> i met with probably. >> i don't know. between the super bowl and my. >> party, probably 25 ceos. >> he is the most revered. >> ceo in america. >> you think so? yes. >> by everybody. i ask, who's. >> the who. >> do you love? who do you love? who do you love? they love him. and i think they love the fact that he. >> speaks straight. >> they love the fact. >> that he actually. was a beacon. >> on. >> this issue a lot of people talk about, by. >> the way, that new headquarters, if you don't want to work five days a week in that building that they have finished and built, it's the most unbelievable. i can't, jp, i want a tour. i want a tour day. one of that thing. you should. >> get a camera crew. >> he likes you. >> he likes you. >> i mean. >> he does. he likes you. ups and downs. we've had our ups and

downs. >> i don't know. during the. >> we've known each other for 30 years. you have ups and downs. >> yeah you. >> do, but. >> but he's. >> revered and he's. revered because he's he tells it. right or wrong. >> and he's right more than wrong. >> yes. >> he actually. speaks the truth. and he does it in a way that. is very locker room. >> all right. so back to the banks. then you had to choose between your love of jamie. >> or your love of charlie. >> which would it be? oh, i love charlie. >> much more than jamie. >> much more. >> and that's a man crush. >> but try it. it's a. >> man crush. >> it's. it's not. >> even it's air. >> so they don't have to go from here. wells fargo over jp morgan. yeah, yeah. no, wells. fargo is. >> at. >> 13 times earnings. >> i mean, what am i going to do charlie scharf. >> is the best. >> get one consent decree after another after another. >> he is so smart. >> he's got everybody that. >> didn't get. >> the job. >> does in that whole echelon of. >> people not going. >> to be ceo. >> because because jamie. >> jamie never retired. he just picks. >> them off. >> i think he's a remarkable

ceo. >> almost. look at that neck and neck. they're moving basically the same. i think he's one. >> of the kindest greatest. >> i makes him sound like the guy in manchurian candidate. he's amazing. >> wow. >> he's amazing. >> he just got love for everybody. i do. >> micron i got love from. sanjay mehrotra. stocks going up big. >> there's a lot. >> of great stuff happening. >> in semis. >> i can't wait to have kayla today. >> by the way lam. >> research tomorrow. >> these are the. >> core intellectual. >> property of semis is in. the designs that jensen has. and the actual. intellectual property. >> of companies like like lam. >> we should point out shares of nvidia. there's lam shares of nvidia are up 2.5%. >> all right. now comes. >> the time in the show when we talk musk. by the way i have been saying for a year now we should have an hour every day. >> on musk. >> i think so, and even more so than ever. >> grok three. >> introduced overnight. >> yeah, the latest. >> the latest version of their obviously their ai chatbot. all

of those age 100 that they bought and they put in work at memphis largest data center in the world as far as i'm aware of at this point, obviously you can. >> get. >> it on x as well, but it's xai also another funding round potentially this one i haven't confirmed on xai. others have reported a value as much as 75 billion. his $97 billion offer for the nonprofit arm of. >> openai. >> which controls the assets. that would give. controlling a control stake in openai, was turned down. right. we are going to monitor that though closely. and then there's doge, which you heard. >> about. >> there's a. >> big a big fight with. >> with trump and musk. that's i just. >> understand that's completely untrue. >> which one is this? >> you know. >> the mainstream media keeps saying musk and trump aren't getting. >> no, not yet. not yet. they're getting along. >> he survives that time magazine cover. >> yeah. no. so far so far that has not happened.

>> it's we're less than a. >> month into the. >> new administration, david. >> okay. >> so i'm going to ask you, you. >> met you've been with him. >> i mean, how is he able to how is he. >> able to. >> like, do this private. >> and public. >> so easily? it's incredible. i don't know, there's so many different things. not to mention, i mean, tesla obviously, i think jonas had a note out today, but. and then you think about neuralink and you think about spacex. >> do you humanoids and. >> how much time is he spending on doe? i it's hard to. it's hard to imagine. >> but look. i on. >> the one hand, i applaud him for trying to do so much for the country, for. >> his shareholders. and the other thing, it's very hard to. you have to justify. >> that he's not an elected official. he's not in america, that historically we. >> don't have a lot of countries that have never quite been seen or done before that are that are soaring right now. that we'll have to see. and as megan said, we don't have any transparency as yet, though it has been promised when it comes to doge. well. >> hamilton was. like this early on. >> i mean, he's got to. >> start thinking about american

history. >> and how hamilton. tried very. >> much to be able to be change things without being present. >> yeah, but there. >> wasn't really there. >> weren't 3 million federal workers then during. his speech. >> by the way, you and i. >> both know i mean, we both read about grant, you know, the patronage system which was in place into the 1870s. garfield tried to get rid of it, but of course, poor garfield got shot and then screwed over by his doctors. i read that book. that was a. >> good book. >> you know, the guy. >> was like, he started williams or something. i was. >> like. all over. i know. so the patronage system somewhere is what we're going to. >> be. >> going back to here. well, that really this is a disguised attempt. and again, this is another side of it. >> okay. well. >> it's not really about saving money. it's about getting rid of all these people and then replacing them with people who are loyalists. >> right now, the democrats i speak. >> to constantly. >> just say, look, there's going to be lawsuits. for everything. >> that happens, and the. >> bench is going to rule in favor of the. >> people who are incumbents. >> and it hasn't turned out that way so far. and if anything gets. >> the supreme court, the

supreme court is if you. >> look at it, it's packed. >> it's packed with people who would, i think, agree with everything that trump is doing. and maybe musk is doing. >> a lot of these. >> decisions will end up being. >> made in. >> the courts, certainly. and some at the supreme court. all right. >> back to us okay. so look at this. >> this is intel. >> being allegedly. split up between taiwan semi and broadcom. david i don't have any proof of that one at all. >> let's talk about that. let's talk about intel for a moment. >> what do. >> you hear about. >> well listen for some period of time for quite some period of time. but really i have to say this is this has been to a certain extent, the i don't want to say the imaginings. bankers are paid to think about things. right. >> remember they floated. >> that one. right. so there was the journal reported on. qualcomm having some interest. that was towards the end of last year. we all. >> know. >> intel has had i mean look at we've all discussed it jim, is. >> it's the balance sheet. from hell. and dave zinger is good. but the balance. >> sheets from. >> many of the issues now they are. still undergoing a ceo search. they obviously are the

largest recipient of the chips act of eight from the us government to. >> help them. >> build fabs. but this idea of splitting the company into fabs and. >> one. >> company taking those. >> and. >> then the other part of the company, the design. >> and everything else. >> going another way. and interest from broadcom i talked about it here. it doesn't mean any of it is going to happen. the key initiator frankly at this point of activity would seem to be the us government itself. >> i agree with that entirely. >> if you were to do something in terms of splitting this company and having the fabs sold. >> to. >> another company, wouldn't you need it to be a us owned company? yeah. but i and last i heard, tsmc is not a us company right. >> no i mean tsmc has got. >> a very big position here that was built up. i mean that was something that. >> the biden. >> administration worked. >> on and. >> the trump administration worked on. >> but i. >> question the worth of. >> the foundries because you have to have latest. >> and greatest taiwan semi does not need. >> these. >> so far. no. >> i question the balance sheet and whether there's something that. >> says. >> that this. >> must happen. >> i do want the intellectual property. >> but they're being crushed by amd.

>> and by arm. >> i don't. >> know what you get if you. buy intel, other than a real bad balance sheet and a need to finance things. >> it's interesting you say that, though, because hock tan is somebody you admire and did a great job building that company, and he does have. >> real interest. >> in one side of this company. no doubt. >> the intellectual. >> property hock can do great stuff. >> with it. he's ready. >> to he's digested vmware. he had a remarkable quarter. you know i think the world yeah. >> i know he's a. >> very tough guy. and a lot of people. >> say all he does is. >> slash and burn. >> untrue. but the man who's really. ultimately running this for intel is frank gehry, the company's chairman, long time banker m&a. i know i remember him back when he was at. >> salomon brothers. >> so look. >> it's been a lot of it. is frank doing it himself is my understanding. is it really. yes. wow. in terms of at least who's anything going on with regard to the possibility of a split and or m&a now, by the way, nothing that i've heard indicates there's a great deal of momentum behind this. and

again, i think, you know, the government is their partner. and it's going to be the trump administration and lutnick and the like who ultimately, if there was a forcing function, it would. >> be there. >> i feel badly that the previous. administration made such a big bet. >> on gelsinger and intel. >> and i know i did my best to say, listen, guys, this is you got to look at. >> this balance sheet. >> they had really. >> good people, but they. >> i think they were i think that they were ill advised in the way they handled this. >> and i do believe. >> that that. intel may be. >> a little. >> more desperate than. people think because. >> of. >> the money that. >> they it's going. >> to be. >> a story that we continue to monitor, obviously, as as is the overarching story, which is great american icon that has just collapsed. i know, and it's. >> wow, what. >> a. >> storied reputation and. >> how things moved on and amd passed them. >> aam we had on recently renee i mean. >> they're doing better. but

look it was nvidia jensen. >> went to them. >> to say. >> listen you guys got to go with accelerated computing. and they laughed him out of the building. >> yeah that was wrong jim i don't know if you followed medtronic's. >> earnings at all. >> there aren't being well received. no there. >> was. >> no raise. >> down about 7%. >> there was no raise. there was a small beat. i was a little disappointed. >> i met with jeff. martha. they look they come out. it was at the high end of the range. don't forget, j and j just got approval to get back in to a competing product. jj doing a big debt offering. >> it's doing better. but i was a little let down that there. >> wasn't something standout. boston scientific is still the winner in the major hard work. there's a lot of ai that. >> they. >> use and it helps, but their diabetes product is being well received. but it's not enough. you have to beat and raise or you have the merck problem without being raised in healthcare. and i don't. >> know if you've seen merkley. >> i mean, merck just merck is

down 17.5% for the year, much of that taking place in the day or two following those earnings. and the gardasil in china was the key issue. >> but they didn't. they got it wrong. they they did not. indicate how bad it would be. and that was wrong. >> and then they are regarded as. >> being in. >> the forefront. >> of rfk jr. >> right. >> he wants to do. >> rfk jr now obviously confirmed as hhs. if you're a vaccine maker, what. >> does that mean. >> you're the you know i think that you're preventing cervical cancer. but apparently he doesn't. >> think it could be a member. i think he's going to go after processed food first. i don't i knew him in college. >> not well. >> but he's he's certainly not someone who. has ignored the diabetes processed food problem, the obesity processed food problem. he'd rather have that be dealt with than have. >> david ricks win. >> with the gop. one. >> i will tell you, i think. rfk junior. >> i know was incredibly controversial and they even, you know, the republicans. >> had a doctor on the and. >> who voted.

>> i don't know, i mean, all i. >> can. >> say the republicans. voted together constantly, but i'm not as pessimistic as others are about him. not look, just because it's really hard to undo a movement, although there there was another there was a measles. outbreak this weekend. >> we're seeing. >> these different outbreaks and diseases. we thought that were that were done. >> and it's. >> because of people who didn't get vaccinated. >> jim, you know, i obviously covered. m&a for forever. don't do it quite as much as i once did. >> when you're the best there is. >> well, i'm. reluctant in some ways to weigh in on things because then you're forced to update. >> and i. >> have to do that here because. >> merck holding. >> no on on walgreens because i had turned it mostly dead a couple of weeks ago. sycamore. i'm upgrading it to now alive. okay. >> because tim wentworth has said to me over and over again, his ceo. now what? >> don't write us off. >> i know. >> don't write us off. and cbs, cbs had a monster quarter. >> they did walgreens.

obviously. they got hit with. another opioid thing. they cut the they eliminated the dividend. i reported obviously it was mostly dead. but these. things and it's. >> one. >> reason why sometimes i'm better off just not commenting on them until i know they're either it's one way or the other, it's going to happen or not. but here i am hearing that there are still potentially. signs of life, which i did want to update given i previously said it was mostly dead. now how it would work. you know, again, you've got a lot of asset backed financing you can do here in the states. apparently there's equity that can go in on the european side. >> this is my buddy rob moore. rob sweetie. >> yes, they're still real, man. they're still fantastic. >> so he's sycamore guy. >> that's all you get from. >> everyone loves. >> sweet until we have something much more hopefully formative to provide. >> hope. >> rob does at. >> some point. >> but i know you've been. >> following it as well. in terms of at least potential turnaround there. >> from goldman. yeah. >> i. >> do think. david whitmore, i know a lot of people are upset that wentworth hasn't been able to pull it off. it turned out to be a really bad situation. it's tough, much worse than versus cbs, which was not as bad.

>> right. >> well cbs has. >> aetna right. and it worked. oh man charlie sharp i gave that pan. pan. you know like you know it's. >> like philadelphia. >> like a car. but i didn't mention it. and the stock's not even up. look at that. well it's good. >> let me let me call love. >> this is crazy. >> all right. let's give you a quick bond report before we head to a break. let's look at how we haven't even talked treasuries at all or interest rates haven't actually even looked those away, you know. oh, look, nothing's changed. we're at 4.52 on the ten year. of course you can see tens over twos two year at 4280. we'll be right back. >> the bond report is brought to >> the bond report is brought to you by pimco, a got eyelid itching, crusties and swelling that won't go away? it could be...

demodex blepharitis! and we're demodex mites. we're very common and super irritating to your eyelids... but we love making ourselves comfortable here! oh, yeah...steam time! if demodex mites are partying it up on your eyelids... it's time to eliminate the root of the problem with xdemvy. with one drop in each eye twice a day... you can kill the mites in just six weeks. xdemvy is the first and only fda-approved treatment that kills the mites that cause demodex blepharitis, a common eyelid disease. avoid touching the tip of the bottle to your eye or other surfaces to minimize contamination. wait 15 minutes before inserting contact lenses. in clinical trials, the most common side effects were stinging and burning in one out of ten patients. party's over folks.... it's not you, it's demodex mites. talk to your eye doctor today.

little more your style? >> retiring wealth isn't a guarantee. >> it's a goal. >> it's easy when markets are going up. but what about when they're not? that's why you need. >> this call for. >> fisher's retirement survival kit, featuring your guide to surviving market volatility. our stock market outlook plus the fisher investments difference three indispensable guides yours free for calling 1-800-213-5317. >> fisher investment's disciplined approach will help see you through the market's ups and downs, and give you the confidence you need. >> to reach. >> a. >> comfortable retirement, and our fees are structured so we do better when our clients do better. call now. >> for your free retirement survival kit. 1-800-213-5317. >> see if your dream retirement. >> is on track. if your portfolio is $1 million or more, call fisher today. call 1-800-213-5331 seven. with the fundrise flagship fund, you can

invest in. >> the same kind of real estate. investments that have power. the world's largest portfolios for decades. >> from properties generating income. today to developments. appreciating for tomorrow, our. >> billion dollar fund is designed to bring balance to your. >> portfolio, helping. >> you grow your. wealth year after year. >> start growing your real estate. portfolio today. >> with the fundrise flagship fund. >> how do you see wealth money in the bank? precious commodities. find financial clarity with cnbc's trusted resources. keep your future in focus. cnbc live ambitiously. >> take a look at shares of southwest not doing much. company did, though, announce significant layoffs for. >> first time. >> as much as. >> 15% of its workforce. the corporate jobs are the. the area that they're focused on.

obviously, bob jordan kept his job after that big push from elliott. getting a lot of their slate elected to the board. and you can see how the stock has done over the last year. not done over the last year. not particularly well. we're (♪♪) (♪♪) what took you so long? i'm sorry, there was a long line at the thai place. you get the sauce i like? of course! you're the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com 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 direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >> financially independent in my retirement. >> join the club. new members save with a special offer for a next on the red carpet we have gina costa...

looking simply stunning... with this season's hottest accessory. -[ cellphone vibrates ] -oh, what's this? she's opening her fidelity app... to buy that stock... for exactly the amount she wants... no fees or commissions... what will gina do next? gina has roller derby at 6:00 pm. i'm there. get started investing for as little as $1. talk about easier investing. nate jones... steps up to the mirror... lines things up... towels off... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... same page? -[ dog barks ] and he places the trade... before anyone hears him talking to himself. [ dog whines ] buy u.s. stocks and etfs for as little as $1, with no commissions. talk about easier investing. make official. start your will

at trusted com now and make it count. >> all right. >> time for a stop trading. >> what do. >> you got? you know. >> i'm looking. at there's palo alto. >> last week reported pa and. >> there was a great miscarriage of justice. this was. >> a monster quarter. really great. and aurora raised numbers. everything good. but there are a couple of bearish. >> analysts and some. bearish some short sellers. >> got to the media. really said it was a bad quarter. >> it was nonsense. stock was down really big at one point. then it finished down a dollar and now it's going up. >> it should have been it was rated. >> people ought to know at. >> home that that stuff happens. >> still it's outrageous. >> and i saw that they got to. >> the media and had a negative story. >> i'm reading the conference call. >> the conference was like, fantastic. i was. >> like. >> so thrilled. >> now tonight i've got kayla. >> and i've. >> got jay bill, two very, very rare interviews. >> and these are the. >> guys. who really are. >> building the. >> they're either they're building. >> the insides of a data center. or. >> they are building. >> the intellectual property when. >> it. >> comes to really great semiconductor equipment, 500 million in lost revenue in. >> china.

>> talking data centers. >> in ai. as much as i thought we would. >> no, we. >> didn't, but i have a feeling we would. >> but how. >> is mark going to have is he going to finish up again? mark. >> oh. >> i got to tell you i don't down 13 there. like i said there prior they really improved. it was really terrible. >> for a while. >> i mean it was very adversarial for no. reason whatsoever. >> all right. >> have a great rest of the day. >> i'll see. >> you soon. yes you will. thanks, bill. yes. >> mom was. >> very sweet. >> thank you. >> i'm glad. >> to hear that. we got some breaking housing data. >> after. >> the break. >> don't go anywhere. >> every day. i'm reading extensively. i'm checking the markets throughout the trading session, working the phones, talking to sources, and doing my own reporting to share insights, information, and all of the details that you need to be able to make money. >> we know he wants to hold. >> on to the nba. >> how much more will he have to pay? >> a lot of the revenue streams are guaranteed. >> cnbc sports official nba team

valuations available now at cnbc.com. sport. >> hey sam. >> what's going on? >> hey joe. we're getting our. >> new. >> replacement windows installed. >> we went with renewal by andersen. >> they're replacement windows are among. >> the best. >> in. >> the industry. good morning. >> hi, don. >> this is my. >> neighbor, joe. >> nice to meet you. hey, don. >> providing our homeowners expert installation. >> that's our top priority. we never rush details like. >> perfectly matching your window trim style. >> matter to us. >> we always clean up thoroughly afterwards. then when the job is done. we walk you through a product demonstration. >> and. >> answer any questions you might have. and the one thing. >> we always like to. >> remind our homeowners is that when you go with renewal by andersen. >> installation is. >> always included. >> installation is included. heck. >> i. >> paid a pretty penny for installation, and that was on top of the price of the windows themselves. >> you can count on renewal by andersen. do the job right on time and on budget. that's what

you. >> should. >> expect from an industry leader. >> well, i've. >> been watching. >> your team install your. >> windows. >> and i. >> have to say, they really know. >> their stuff. >> that's because our certified master installers are highly trained when it comes to installing your windows. >> impressive. >> and they stand. >> behind their product too. >> right, don? >> because we sell, manufacture and install your acclaimed windows, we absolutely stand behind both our product and our installation. our industry leading warranty is one of the best in the nation. >> hey, look at that window up there was put in. great. they did an awesome job. the house looks amazing. thank you so much for being professional on time cleaning up. well, you guys are the best. by one window, patio door or entry door and get the next 140% off. get an extra $200 off. >> your entire. >> purchase with no money down, no monthly payments, and. >> no interest. >> for 12 months. >> call before february 28th. >> 1-800-918-0808. >> that's one.

>> (800) 918-0808. >> nothing stands still. not technology, not the market, and not franklin templeton. we've been a firm. in motion for over 75 years, always innovating. >> today, we're a. >> leader in public and private markets, digital assets and custom tax management, empowering. advisors with. solutions to build. >> the portfolios of the future. today. >> franklin templeton, your trusted partner for what's ahead. >> three and 30, is sponsored by franklin templeton, your trusted partner for what's ahead. good tuesday morning. >> welcome to another hour of squawk on the street. i'm david faber with seema. >> mody. >> and mike santoli. we're live from post. >> nine at. >> the new york stock exchange. carl and sarah both. >> have the morning off. let's give you. >> a quick look. >> at the markets. >> we are up. i think that was a

new record we had on the s&p. backed off a bit. but as you can see still in positive territory treasuries hanging in there right at 4.5% for the ten year. >> we're 30. >> minutes into the trading session. >> here are. >> three big movers. >> we are watching. >> a mixed. >> morning for chinese. >> related stocks. >> after news. >> that china's president xi jinping met with. >> a number. >> of his. >> country's top. >> entrepreneurs. >> including alibaba. >> founder jack ma. >> the latest. >> from beijing. >> later this. >> hour, plus southwest. >> take a. >> look. >> at. >> that stock, announcing plans. >> to cut 15% of its. >> corporate workforce, or about 1750 jobs, the first. >> mass layoff in the airline's 53 year history. shares down about 1.2%, and we are. >> keeping a very close eye on meta. >> in. the red. but coming off 20. >> consecutive days of gains, the longest daily winning streak for. >> any stock in the s&p 500 since 2020. >> the stock. >> now up about. >> 25% this year. we have some housing. >> data just crossing. >> the tape. diana olick. >> has it. for us. good morning diana. >> it's in february. dropped

sharply down five. >> points to. >> 42 on the nahb housing market index. the street was looking for a. >> one point. >> drop and that is the lowest. level in five months. >> last february it was at 48. >> anything below 50. >> is considered negative. >> and sentiment. >> had been rising. >> but builders cite concerns. >> over tariffs. >> elevated mortgage. >> rates and high housing. costs of the. index's three components, current sales. >> conditions fell four. >> points to 46. sales expectations in the next six months. dropped 13 points to 46, and. buyer traffic. >> dropped three. >> points to 29. >> that future. >> sales component is. >> the lowest since december of 2023 now, nahb chairman carl harris said in the release. while builders hold out. hope for pro-development policies, particularly. for regulatory reform, policy uncertainty and cost factors created a reset for 2025 expectations in the. >> most recent hmie. >> now, the builders also noted 32% of appliances and 30% of softwood lumber come from

international trade. the builders did note that responses collected before the pause in tariffs were even. >> lower. >> but even after that, they were still quite low. david, because that. >> was just february. >> 3rd, as you remember the beginning of the month. >> yeah, i do, diana. >> thank you. diana olick nasdaq coming off. >> a fresh all time high as. >> of friday. >> and it's interest from another all time. >> high this morning. >> mike santoli is here to sort of set us up for the. week so to speak. certainly me as well. i was away. >> for a bit. >> that's right. it's always good. mike tell me what sort of what's top of mind for you as. >> this week begins? >> it's been. >> kind of. >> remarkably steady. >> in the. sense that the market's been able in the s&p 500 hovering. >> around this. >> 6100 area. in other words, hovering near. >> new. >> highs kind. >> of hanging around the net. even as you had a lot of noise. there was an upside surprise to cpi last week. that little. >> bit of. >> a mini. >> panic did dissipate. >> by the end of the week. the bond market. didn't really. >> extrapolate from there. and when you've had this 2. >> or 3 month sideways. >> period where. >> you seem like. >> you kind of absorbed a lot of

the noise, i think people give the market the. >> benefit of the doubt. >> but. >> you really do. >> want to see it be able. >> to break. >> out for real. >> i mean, you. >> don't want to over anticipate. >> the fact that. >> it's going to go. >> higher, that. >> the housing numbers. >> seem to. >> actually take a little bit of starch. >> out of. >> this market, because i think it gets. >> to one of the. >> sensitive sensitivities, which is. you know, we. haven't really. >> seen if. >> the. >> economy can handle. >> mortgage rates. >> at this level. >> and all the other flux that's, that's going on. so i think. >> you sort. >> of say it's been a great start to. >> the year. you're up like 4% in the s&p 500. >> the rest of the. >> world is doing even better. >> than that. >> and you're kind of benefiting from the initial. >> conditions and. >> the. >> fact that. 78% of companies are beating estimates. >> and fourth quarter earnings are up 16%. >> absent that. >> you might. >> have a little more of. >> a. >> struggle to. >> deal with. >> you know, the kind of tariff flux that we that we have in front of us. it's been a quiet little. >> stretch, though. >> so we haven't had to deal with that very directly. >> in. >> the last couple. >> of days. >> the overarching narrative. >> when we started the year. >> was that us. >> stocks were going to vastly outperform the rest of the

world. we've seen. >> the exact opposite. >> to start 2025. >> maybe it has to do with tariffs. >> the market still trying. >> to. >> figure out. >> where policy. >> stands, but. >> that's been notable. >> and i think the starting. >> point as well. >> and so you. >> know the. >> us had. >> outperformed by. >> so much. the market was so much more expensive than the. >> rest of. >> the world. you know, there was a sense out there. >> that the fed was going. >> to be cutting. pretty steadily. and now you have that. >> in. >> question. whereas you have the rest of the world. >> low expectations. >> low levels of economic activity, the. prospect for upside. >> surprise and. >> acceleration from there. >> and of course, china. >> you guys were talking about that last. >> hour has been one of those situations where. >> you had. >> rock bottom expectations in the last few. >> months and. >> maybe some. >> incremental benefit. >> so also just. >> crowded positioning. >> i think. >> you know, our. >> our indexes. >> go the way of the mega cap growth trade. >> and that has basically. >> you know. >> been a. >> little more mixed, let's say, in the. >> last few months. >> yeah. i'm looking at shares of meta down 2%. yeah. but that streak is notable. >> it's kind of remarkable. i was pointing. >> out. >> last week at one point, meta

had added. >> exactly as much market cap year to. >> date that tesla had lost. >> and it was close to 300 billion. so essentially, there's been this weird kind. >> of reorientation. >> in terms. >> of. the favorites versus the ones that need. >> to cool. >> off a. >> little bit. >> but yeah, meta is being seen as. >> favored across many fronts. you know. >> i. >> think it also. >> does reflect that. >> this market's been willing to push into the. >> winners very aggressively. >> and hang. >> in there. >> you can look. >> at things even. >> like costco. >> and palantir down the list of these. >> kind of, you. >> know. >> stocks that. >> that. >> seem like they've been. bulletproof coming. >> into the year and. >> they've all worked. so speaking. >> of bulletproof. >> you look at gold. >> that breakout there. >> continues and often. >> seen. as sort of a quote. >> unquote trump trade. yet the dollar weakening, which of course has helped. >> the gold story. >> i wonder how. >> long that can last, especially in this economic environment. >> yeah. >> i mean. there's so many stories you can tell. >> in. >> terms of why gold is working now. >> central banks. >> want it. you do have a little bit of a ballast. >> against whatever policy uncertainty is out there. maybe sticky inflation. but you know.

>> at this point i. feel as. if it's mostly. >> about this idea that, you know, store of. >> value in general that is not. >> correlated to any one kind of government. >> or macro. >> seems like it's hanging in there. >> go back 25 years now on gold and it looks pretty good. looks great. i mean it's been a great return. >> it has. >> you know. >> i mean obviously there's long. >> periods of. >> time when it's done. absolutely nothing. >> the other funny. >> part is. >> you know, it wasn't as if the inflationary shock was great for gold in the moment, you know. so it was kind. of like it. >> sort of. >> eye of the beholder in terms of what gold is actually. >> giving you. >> aside from, you know. a little. >> bit of. >> diversification against whatever is driving the rest of your portfolio. >> yeah. all right. let's turn now from the markets to washington, d.c. megan cassella has the latest. it was another busy weekend at the white house. megan. >> they all are. david. the spotlight right now. >> is on doge. >> as it attempts. >> to access sensitive. consumer information across.

>> federal agencies. >> so at the social. security administration, the acting administrator there. >> was replaced. >> and then she resigned late yesterday. >> after refusing. >> to allow doge. >> affiliated employees. >> to access. >> data. >> including social. security numbers and bank information. and then at the irs, a doge employee is expected. >> to soon access a. >> highly guarded data system. >> there that includes. >> sensitive taxpayer information. >> these standoffs coming at the same time that. doge laid off thousands. >> of federal employees over. >> the weekend. >> at agencies. >> that included the faa. >> the cdc, agriculture. >> department, homeland. >> security. >> and the. department of transportation. >> now, a number of states. >> have sued to try to, at least. >> temporarily, block doj's access. and stop. >> mass firings. >> but the federal. >> judge on that case. >> says that she needs. >> more evidence. >> of imminent harm, and she's. >> likely to allow things to move forward. but there is another. case challenging. trump's power to fire officials, and this. >> one will. >> now become the first in. >> the trump. >> era to. >> reach the supreme court. >> it centers on. >> trump's firing of. >> hampton dellinger. who headed the office.

>> of the special counsel. dellinger appealed his firing. a lower court then ordered to temporarily. reinstate him. and now the trump. >> administration is. appealing that ruling. >> to. >> the. >> supreme court. >> the administration. >> asking the court to. overturn the. >> ruling, saying. >> in a filing that. >> lower courts should. >> not be. >> allowed to. >> dictate to. >> the. >> president how. >> long he must employ. an agency head. so as of. >> this morning, the. >> case. >> now officially. >> on the. supreme court's docket, dellinger. >> is set to respond. >> to the. >> administration by 2 p.m. tomorrow. >> and a lot to watch. >> there about presidential. >> power, guys. >> yeah. >> across the board. megan. >> a lot to watch. >> thank you. >> for keeping track of it. turning back to the broader markets. >> our next guest predicts 2025. >> will be a year of two halves, warning. >> that the latter. >> half of the. >> year. >> could see mild. stagflation and as much as. >> a 10%. >> sell off in the. >> s&p 500. >> barry bannister, stifel chief. >> equity. >> strategist, joins. >> us now. >> barry. good morning. so, you know. >> i guess. >> we're about 20% through the first half. what's what's been, i. >> guess. >> the kind of. >> animating force. >> of what we've.

>> seen so far. >> and how do you. >> think. >> that's. >> going to. >> evolve from here? >> well, mike, your opening monologue was was spot on. i mean, for a couple months here, we've been in a trading range in the broader s&p 500 index. the no landing theme seems to be gaining traction. inflation is proving very sticky. the fed is sounding like they may not cut again and the yield curve is flat. it probably would be positive. but for the repressed. >> term premium. so the. >> market's digesting. and i think we're in agreement that if there's going to be a rotation it's like rearranging the deck chairs. the back half could have. >> more. >> cyclical growth. or it could have a slowdown in real wages and real buying power. we just don't really know yet for sure. so we barbell the approach to the year. >> and what. >> does. >> that mean i. >> suppose in terms of, you know, portfolio approach. right now, if you assume, i guess, that we're still going to. >> be. >> feeding off of some of the positive forces for a. >> while, or are we.

>> are we. >> set up for an immediate growth scare? >> do you look for what's already been working, or. >> are you. >> looking for the neglected areas of the market? >> well, you've got a ten year yield, for example. that's 4.5%. that's pretty good competition for risky assets. and there's not a lot of reason from the sounds the fed's making on rates, to believe that that yield is going to drop. so if you have things like the leading indicators like take the purchasing manager index for manufacturing currently around 50, if that makes its way up into the low 50s then the no landing theme gains traction. but some of the high pe multiple growth stocks would pull back, not so much because they're poor investments, although i would argue they're spending all of their cash flow. on capital spending. so they really don't have a lot of free cash flow to value. but that said, the broadening. >> of the. >> market would cause the cap weighted s&p, which is. really top heavy with tech to pull back the back half. economic concerns

are a whole different matter that has to do with real wages. cyclical slowing. >> just. >> cyclical slowing in productivity, sticky inflation and a fed. that's probably going to be somewhat alarmed as we exit the year. >> so that would. >> be the sort of inflation part of it right. where you. >> basically don't get a lot. >> of relief. >> on the. >> inflation measure. you did have, you know, fed, you know, vice chair christopher waller talking. >> about. >> you know, looking through tariff effects of things. >> like that. >> how is the expected policy influence going. >> to bear. >> on what. >> we end. up seeing in. >> the. >> interplay of growth and inflation? >> well, tariffs a little bit like hikes in the value added tax has happened in japan and in europe over the years. they can be. >> seen as a. >> temporary one off step up in inflation. but more important to us is this matter of unit labor costs. we actually think productivity on a year over year basis rather than quarterly.

annualized has peaked, obviously, and. >> it's going. >> to dissipate as the year goes on. this is very common after slowdowns. and one would argue that 22 to 23 was a slowdown in everything but employment. so as the productivity dissipates unit labor costs, this is the cost per unit of output stays relatively strong. and that means the core pce inflation will stay closer to 2.75. the fed wants it to be 2.5 for the year, and if they don't get what they want, then no rate hikes or no rate cuts are coming and possibly hikes by 2026. if the economy hangs on. >> yeah obviously. >> a lot of. >> things moving on all those different axes. >> barry thanks a lot for. >> laying it out for us. >> appreciate the time this morning. >> sure. >> another news at delta airlines regional jet crashed while landing. >> yesterday at. >> toronto's international airport. >> here with the latest. phil, do. >> we.

>> have more details on. >> what caused that crash? >> we don't seem not at this point and it probably won't happen for a few more days at least. initial indications as to what may have caused this crash. the ultimate cause won't come until well down the road months down the road. when you look at this accident yesterday, it's a miracle that there were no fatalities involved. today, the canadian transportation safety board is leading the investigation into that crash, which, by the way, it doesn't look like terrible weather in this video. it was terrible weather in terms of the high winds and an icy runway. the ntsb and faa are also assisting the canadian investigators. and this is the video that's getting the most attention. the passengers getting out of this regional jet, about 76 passengers on board. they were in their seats, seat belted as you should be as you're getting ready for a landing. there's a reason why. so that in case something like this happens, you're not thrown all over the cabin. there were only 21 injuries, no fatalities, 21

injuries. the passengers quickly evacuated and again, the winds were challenging during the landing. that's going to be one of the first areas that the investigators focus on. they'll get the cockpit data recorder, the voice recorder. that will give them a better sense, along with, you know, analyzing everything as to what exactly happened yesterday. as you take a look at the airline stocks, no fallout from this in terms of impacting these stocks. certainly not at delta. it's down fractionally. but that's not because of this accident. keep in mind that all of the airline stocks, they are close to 52 week highs. and right now guys when you look at the airlines despite all of these incidents and there have been two involving airlines, the rest have been private jets over the last couple of weeks. we still see incredible demand out there, record demand as we head into the rest of 2025. >> phil, while i've got you a different subject, but obviously another area of your expertise or continued in airlines southwest, these these layoffs,

15% of the corporate workforce stocks not doing much of anything. but i am sort of curious to get your reaction given you covered the company for so long. >> they needed it. and look, this was one of the main things that elliott talked about when it was the investor group, elliott group was saying, we want to take a stake in southwest because we believe it can be better managed. and when bob jordan, the ceo, put out the note yesterday saying, look, we are going to have these cuts, it's painful, but it needs to be done. one of the things he talked about is the fact that their corporate or white collar costs are rising faster than the rest of their costs within the company and their revenue potential. so this is all about getting the company much more streamlined. david. >> okay. >> we're watching southwest. >> airlines shares. basically flat on. >> the day. >> phil, thank you. >> we'll check in with you soon. as we head to break. here's our roadmap for the. >> rest of the hour. >> former commerce secretary and former kellogg ceo carlos. >> gutierrez. >> with us breaking down what. >> he thinks of trump's tariffs.

>> and all these d.o.j. headlines. >> plus chip makers broadcom and taiwan semi or at least taiwan semi are reportedly when it comes to chip makers eyeing this idea of splitting intel in two. we'll talk about that after the break. >> and china's. >> president xi hosting a. >> rare meeting with business leaders in the country, including several chinese tech giants. >> we'll head live. >> to beijing for the latest. >> in a. >> big show. squawk on the street is back after this. s&p 500 just below. >> the flat line. at baird. >> we have a different slant on. >> global financial advice. >> the global capabilities mean. >> nothing without personal attention. we have investor relationships. >> in 35 countries and market expertise in over 40 industry verticals. all to help make the most important investment connections of all yours. global financial advice with a client first approach. it's the shape. first approach. it's the shape. >> of things it's a smart move to get a second opinion.

you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. finding the right path

takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, deep industry knowledge, and a 75-year history of innovation, we don't follow the herd. we lead it. yeah, it is weird that we still call these things phones. well, yeah. they're more like mini computers. precisely, next slide. xfinity mobile customers are connected to wifi 90% of the time. that's why our network has powerboost with wifi speeds up to a gig where you need it most. so, this whole meeting could have been remote? oh, that is my ex-husband who i don't speak to. hey! no, i'm good to talk! xfinity internet customers, cut your mobile bill in half for your first year with xfinity mobile. plus, ask how to get the new samsung galaxy s25+ on us. for the ones who get it done.

>> welcome back to this to. >> the squawk on. >> the street broadcom and taiwan semi reportedly at least eyeing this potential deal in which intel would break in two. and they would each sort of step up for different parts. the wall street journal reports broadcom has been looking at intel's chip design and marketing business would only move ahead if it can find a partner for the manufacturing division. taiwan semi separately is controlling at least some or perhaps all of intel's chip plants, journal says broadcom and taiwan semi not working together talks preliminary you know cma you cover this industry i this has been around for a bit of time. there have been any number of bankers who have either been. affiliated with one or the other companies that have been talking about this idea, given intel's huge issues and enormous balance sheet on the debt side, as to whether you would get to the point where it would be split. broadcom, we know has an interest as qualcomm potentially has as well in the design part of the business. but it's more

than complicated. it's so complex and obviously has to involve the us government. and whether a us champion would be seen as a taiwan semi i think is very much unclear. >> and one of the other questions is what's the motivating. >> factor behind the. >> world leading. >> the world's leader in. >> artificial intelligence. >> chips, taiwan semiconductor. >> to even. partner or acquire intel's foundry business? one would likely be president trump and the threat there of tariffs being put. on taiwan's chip industry which would only add to their costs. and. >> you know, they're. >> in a place in their. >> in their growth cycle where supply is still very much an issue. >> and you got to wonder if tariffs were imposed on taiwan, those costs. >> would. >> likely just be. >> passed on to their two biggest customers. apple and nvidia. i'm also. >> curious how the relationship. >> with jd vance, the vice president, former senator of ohio, works in favor of. intel because they do have. >> a relationship. given that intel is in the process. >> of building two. >> plants in ohio. >> so he's not by any means.

>> have a. >> purview over the chips act, but just. >> how that could. >> play into the cards for intel, because this could be. >> what really. >> helps set them apart and make. >> intel a. >> great again. >> if there's. >> only one. >> company that. >> can do. >> this. >> it's taiwan semi. >> they they're. >> the dominant. >> you mentioned the largest customers of taiwan semi though. i mean is it possible if you were to try to engineer something if you're the us government you want there to be a us champion? is it possible to somehow have a partnership that involves nvidia and apple and the fabs itself? i you know, the intel fabs given their they could conceivably would be such a large customer. >> i think there. >> was some chatter about. >> some equity interest of the likes of. >> apple or nvidia in this type of deal. >> that could potentially put those two companies on the front lines as well. it's going. >> to be complicated. i think the. >> idea of even just. splitting intel from product on. one side, foundry. >> on the other, but perhaps this is what is. >> needed in order to make. >> onshoring chips in the us a reality. >> i think it's. >> fascinating, too, in terms of trying to interpret. >> the. >> message of.

>> the market and how it's moving around the probabilities here because. >> of how. >> depressed intel was in every respect, it was washed out trading. >> way below book value. >> even right now, it's up 40% off the low. it's like 1.1. times book value. now that book value is not accessible. you couldn't sell the company today. >> and it has an enormous debt. >> load of course, huge amount. >> of debt. >> and obviously it's all kind of low returns on capital for as far as the eye can see. but it is interesting. >> to. >> say just it's just the spark that says maybe there is a way out, or maybe there's ways to surface value or kind of take advantage of the fact that that intel says the other part of it is. >> $110 billion market. >> cap, not a. >> small company. >> but given the numbers we're talking about in. >> terms of what the industry. >> is throwing annually at investment. >> in. >> in, you know, capacity to build chips. >> it's kind of not. >> that huge. >> as it might have seemed at. >> one point. no, i mean, nvidia is 34 times as large, right? yeah, exactly. and numbers are. >> cloud companies are going to

spend a quarter of a trillion this year. >> yeah. right on cabinets. yeah. you know, in speaking of at least one person who's sort of familiar with the situation, they didn't. sense any momentum there. they did mention as well they need a us solution. i would add, though, that frank geary, the company's chairman, long time banker, by the way, dealmaker is sort of leading whatever process will occur. he's kind of at the center of it is my understanding as well. >> all right. as we head to a break. berkshire hathaway. >> a net. >> seller of stocks. >> in the. >> fourth quarter. but there was one notable new purchase, about $1 billion in. shares of. >> constellation brands. that stock. >> gaining today. >> on that news up 3.6%. >> and still ahead, china's president. >> xi hosting. >> a rare meeting with some of the country's. biggest tech entrepreneurs. >> the details and what it could. >> mean. >> mean. >> for competition. that's next.

new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job on indeed, it's easier for talented candidates to find it. which makes it easier for you to hire them. visit indeed.com/hire on options versus stocks, you'll realize that in. today's market. >> buying and holding. >> stocks alone is not an option. the simple, beginner. >> friendly option. >> strategies you'll learn. >> in our. >> new book could. >> take your investing returns. >> to a whole new level, and today we'll give you a copy for free. get your free copy while they last at. >> it's not an option.com. >> it's. >> not an option. >> dot com. thank you for calling. please hold. when you talk to your custodian, does it feel like you're not being heard? thank you for calling. please hold. now that's better.

trey palmer. >> didn't have a massive call center. instead. >> your calls are answered by real. >> people who know you by name. >> and are empowered to help. like me. hey, chuck. how are like me. hey, chuck. how are you? what can i do for you? got eyelid itching, crusties and swelling that won't go away? it could be... demodex blepharitis! and we're demodex mites. we're very common and super irritating to your eyelids... but we love making ourselves comfortable here! oh, yeah...steam time! if demodex mites are partying it up on your eyelids... it's time to eliminate the root of the problem with xdemvy. with one drop in each eye twice a day... you can kill the mites in just six weeks. xdemvy is the first and only fda-approved treatment that kills the mites that cause demodex blepharitis, a common eyelid disease. avoid touching the tip of the bottle to your eye

or other surfaces to minimize contamination. wait 15 minutes before inserting contact lenses. in clinical trials, the most common side effects were stinging and burning in one out of ten patients. party's over folks.... it's not you, it's demodex mites. talk to your eye doctor today. the club. >> he makes the. >> complex simple. and not to make irrational decisions. return on investment. >> for the club. >> pays for itself. >> join the club. new members. save with a special offer for a limited time at cnbc.com. >> terms and restrictions apply. >> china's president xi jinping, looking to. >> hit the reset button with his. >> country's tech sector. meeting with some of the top business leaders yesterday. those stocks are now moving. >> eunice yun. >> live in beijing. and eunice, help us understand why this meeting was so instrumental. >> well, it's very.

>> instrumental because it was incredibly rare in. >> his speech. in this rare. >> meeting, president xi jinping. >> attempted to reassure. >> private business, saying that private business should feel reassured. >> of his support and also that they. should feel free to fully display their talents. it's unclear, though, if any of them were convinced to. >> president xi. >> jinping has a years long track record now of statements and actions that indicate that he is unfriendly. >> to the private sector. at the. >> same time. >> there appears. >> to be some understanding that the private. sector is critical to. >> his. >> stated goals, especially when it comes to the competition with the us and president trump. some of those in speaking roles were the chief of apple rival huawei, as well as byd and lesser known human robotics firm unitree. both of those are competitors to tesla, the founder of deep sea, which is a potential rival to open ai, was. also present in

hong kong investors. a bit of shares of any of those companies that they saw. >> that were. >> on president xi's guest list, hoping for some policy support. they were also selling off shares of those who were not on the. >> list, including. jd as. >> well as baidu. one notable. >> person, though. there who. >> attending was alibaba's jack ma, and he was particularly notable because of the fact, as you guys well know, that he had disappeared largely from public life after beijing forced the scrapping of the ipo of his fintech company, ant group. guys. >> eunice, you know, there have been no shortage of false starts when it comes to at least investors hopes that there was a reversal, so to speak, in sort of the approach and the policy approach to the private sector. do we have any sense that this is not going to be another false start? >> well, it's very difficult to say. a lot of investors are very

happy, but and they're hoping that. >> we're. >> going to see some policy support. he had president xi had made some comments about possible tax breaks or maybe promoting a private a private economy promotion law that could potentially be discussed as early as next week. but at the same time, as you all know, we have had false starts, and it's difficult to say whether or not president xi jinping would make a whole scale change when all the signaling that we've gotten from him is that he's fine with the private sector, as long as they serve president xi jinping, as well as the communist party. >> eunice. >> thank you. appreciate the perspective on that. let's get to silvana henao with a news update. >> hi, silvana. >> hey, mike. good morning. >> to you. the u.s. and. >> russia agreed to restore embassy staffing in high level. >> talks today in saudi arabia. >> there were no ukrainian. >> officials involved in. >> the talks, which were aimed at restoring u.s. ties with moscow and negotiating. >> an end to the war.

>> in ukraine. ukraine's president. >> volodymyr zelenskyy. >> said after. >> the. >> meeting that he. >> would. >> not recognize any negotiations. >> that do not involve. >> his country. ahead of today's talks, russia freed an. >> american being held in the country. >> on drug charges. >> in a. goodwill gesture. >> authorities arrested caleb byers wane earlier this month on drug charges. >> after he was allegedly. >> found carrying. >> a small amount. >> of. >> marijuana at a moscow airport. and in a surprise announcement. >> today, a hamas leader. >> said the. >> militant group. >> plans to release. six living hostages on saturday and the bodies of four others on thursday. this marks the last. >> release of living hostages to. >> be freed under the ceasefires first phase. israel says it is ready. >> to begin. negotiations on the second phase, and says it is committed to the release of. >> all hostages. >> still in gaza. >> david. >> savannah. thank you. >> well. >> metta is down today. that is shares of metta, but. it is

coming off a historic run of what are 20 consecutive days of gains. julia boorstin is here with more on what exactly has been behind all of that positive action. julia. >> well. >> david meta's stock was up for 20 straight. >> days now. >> down nearly 3% this morning. we'll see if. >> it can turn around and end today. >> higher and continue that streak. but through friday, the stock had gained over 20%. since it started its run on. january 17th. now the shares are up about. >> 17% since then. now. >> in that time period through friday. ceo mark zuckerberg's net worth grew by about $40 billion. >> according to forbes. >> now, meta shares were in part bolstered by zuckerberg building a strong relationship with the trump. administration by making a number of key changes, including rolling back meta's third party content moderation and scaling back certain dei policies. they also donated to trump's. inauguration and. settled a previous trump lawsuit for $25 million. but meta's shares are not up just on

political tailwinds. the company's fundamentals and growth drivers are both promising. meta's fourth quarter results beat on the top and bottom line, while its ai chatbot now reaches. over 700 million users and its family of apps has more than 3.35. >> billion. >> daily users. now, looking ahead, meta is committed to its ai roadmap and is leading the way in. open source sees a healthy ad market and also the opportunity to further cash in on reels and whatsapp. and if there is a ban on tiktok, meta would benefit. so, david, we'll see if this streak can continue today or if today is the end of that winning streak. yeah. also watch that report on whether. >> meta is going to. >> enter the robotics space. we'll wait for more. >> details on. >> that julia boorstin thank you. coming up on this show, former commerce. >> secretary carlos gutierrez joins. >> us with his take on. >> trump's tariffs and doge as the senate. >> prepares to. >> vote on howard lutnick for. >> commerce secretary later

today. and don't forget. >> to catch the 10 a.m. hour of. squawk on the street anytime, anywhere. listen to and follow the squawk on the street podcast, available. >> on. >> spotify. >> apple music. >> apple music. >> and more. back in a moment. as your host, i have some rules. first, no showers longer than 5 minutes. this isn't a spa. (laughs) that's a rule. meanwhile, at a vrbo— when other vacation rentals make you share your turf with a host, try one that's all yours. what if you could invest in a future where skin cancer treatment is noninvasive and relatively painless? medicus pharma's groundbreaking solution delivers chemotherapy directly to the tumor site, offering a mostly painless alternative to invasive surgeries. with the skin cancer treatment market expected to exceed $20 billion by 2030.

medicus is poised to meet the demand for cost effective non-surgical options. now advancing phase two studies. medicus pharma, leading the charge in skin cancer innovation. >> no fda. approved treatment for this disease. >> now. >> okiyo pharma is racing to become the first biotech ever with a drug to treat ncp. >> okiyo the first to initiate. >> a phase two clinical trial for this disease. >> lead clinical site. >> is tufts. >> medical center. okiyo pharma's drug, if approved by pharma's drug, if approved by the fda, would be the first ever tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. 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 that's right for your team. let our expertise round out yours.

>> call 877. cash. now to get a $100 gift card for a free quote. >> the senate poised to confirm howard lutnick as commerce. >> secretary later today. >> lutnick will lead the president's trade. >> agenda. >> including, of course, shepherding many of the new tariff proposals. for more on the potential policy implications, we're joined by former commerce secretary and the former chairman and ceo of kellogg, carlos gutierrez. carlos, always good to have you. we've been talking a lot about doge. love to get your take on that. but let's start with tariffs. a lot of reporting of. late that, you know, the exemptions that. existed in the first trump administration will not be available. love to get your sort of thoughts here. on the still early days of figuring out exactly where things are going to end up. yeah. >> i think it's going to be case

by case. >> and, you know, the. >> the tariffs. >> have really. >> been broad. >> the scope. >> has been. expanded quite a. >> bit with the. >> reciprocal tariffs. so they're like. >> four different buckets of tariffs, each. one with. >> a different motivation. >> each one with a different. >> potential solution. >> so it. >> you know it will depend a lot on. >> what is. >> right. for the us. >> what is right circumstantially. >> the situation with the given country. >> but you know there's usmca. >> coming up in 26. i think. >> china is at the very early days, and. that will expand. until we somehow. >> come to a solution. >> and that's probably a. broader grand bargain. >> which goes well beyond trade. aluminum and steel will probably. >> be folded. >> into the usmca. >> the reciprocal. >> tariffs will also. >> be folded. >> into different country. >> by country. >> negotiations. i think the thing. >> that we have. >> to be careful there is that we don't. do so.

>> much work that is. >> unproductive because. at some. point beyond the. >> 8020 rule, they're going to be countries that are so small. we really can't make. >> a dent. >> on the trade deficit. so it's going. >> to be. >> about the large countries. >> and those that have industrial. policy that. >> impacts our access. >> yeah. and carlos, obviously the stated aim. is one. >> of them is. >> you just mentioned reducing the trade deficit. the other is to continue to try to move manufacturing back to the united states. do you think it's going to work? >> well, we'd have. >> to look at there would be steel and aluminum, right. >> is it possible. >> that we keep these. >> tariffs in place more. >> strategically to. >> bring back investment for steel and aluminum? >> that's going to be tough because. >> you know. >> the amount of time it takes. >> to bring. >> back the. >> investment to. >> get it up. >> and running. there could be inflationary. >> impacts by then. >> and the whole program. >> will come under stress. >> so i think that will be

folded into mexico, canada. it would be a good thing to bring back more. >> supply from canada and. >> mexico. >> to be a supply chain and more a more secure. >> supply chain for the us. >> but it's. >> going to be very tough to wait it out until investment. >> actually comes. >> back and we produce more. >> that's a very. >> tough thing to do. >> there have been a lot. >> of. >> trade headlines. over the. >> last two. >> weeks, carlos, as you know, but the only. tariffs that have actually been enacted are those 10% tariffs on chinese imports. do you hold a view that tariffs will be even higher one year from now on? china, especially. >> with china. >> yes. >> i think. >> with china, that's kind of. >> an opening blow. >> it's kind of the ante to. >> start the game. >> there's so much going on. >> with china. >> there's so. >> many different currents and so many. >> different issues. that i. >> think. >> eventually they're going to come down to a negotiation. >> well beyond trade. it will include technology. >> it will.

>> include ip, but. >> it will also include potentially china's. involvement in latin america. it could. include taiwan. >> so i think the. president is. >> looking. >> at this much broader. >> and this could. >> potentially be the start of a grand bargain. >> but it won't happen overnight. and in the meantime. >> as a way of exerting pressure. >> we'll. >> probably see a little bit. >> more with china. >> carlos, when it. >> comes to the doge efforts, i mean, you ran a cabinet department. you have, you know, this kind of rapid response teams fanning. out into all these different agencies and trying to find. >> you know, line. >> item by line item. you know, potentially misspent funds. i mean. >> how would. >> you think about this entire enterprise and whether, in fact, it's kind of doing good in the short term, good in the long term, maybe some harm. and at the same time, the inspector general have been dismissed in these in these departments. >> yeah. >> so the hardest thing. >> to do in washington.

>> the toughest. >> thing is to reduce. expenses and to reduce. >> it in such a way. that actually. >> makes a dent on the fiscal deficit. it is impossible, maybe. harder than putting a. >> rocket and bringing it back and reusing it. so yes, a. >> lot of china. >> is being broken. a lot of rules. >> are being potentially broken. but i can't. >> see another way. >> and you. >> can see how hard it is. so i understand. >> that the democrats are saying let's follow the rules. let's do this through normal procedure. that means. not introducing. >> a bill, waiting for the vote. >> having negotiations, having amendments. >> we will never make an impact. >> and we. do have a crisis on. >> our hands. we have a huge. deficit and i don't see any other way we can argue. >> about the tactics and what comes first. and you need to get rid of so many. >> people. that's fine. but i think. >> the aggressive. >> approach that doge. >> is taking, i just don't see. >> any other way. >> to tackle this. and one day

we're going to have to do it. >> so, you know, kudos. >> it's a lot of criticism. >> easy to criticize. but this. >> is the toughest. challenge in the country. and they're taking it on. >> yeah interesting that you're that supportive i you know i'm curious though when it comes to cutting the budget deficit, carlos, as you well know, medicare, medicaid, defense interests and social security are sort of where the real money is. do you think we'll ever get around to that? well, you know, you're right. >> and that's going to be i've always thought that. >> it's when we. >> hit bottom is when we're. >> forced to. cut expenses and to cut the deficit. >> right now we're doing it before we've. >> hit bottom. >> but you're right. eventually we're going to have to deal with medicare. >> with social security. >> there are two. >> things that. >> are happening. >> one is. making taxpayers. aware of. >> the complexity. >> of these expenses. >> and where taxes. >> are going. >> and every year we spend more. >> and then we have. >> to increase.

>> taxes more. and i think that awareness is good. i think it's really making. >> taxpayers understand what the issues are. >> at one. >> time there have been some discussions. >> about privatizing or bringing in the. >> private sector to help out on medicare, to help out on social security. that has. >> been, you know. >> dismissed because we're, you know, we're going to take all the money and put it in the stock market. >> or, you know, it's easy to dismiss solutions. >> with a one liner, but eventually. >> we're. >> going to have. to come up with some real solutions. >> that go. >> beyond just. >> continuing to spend. >> more and more money. >> which. >> you know. >> over time. >> is. >> you know. >> is just going to. >> overwhelm our budget. >> so we've got to be a bit creative here. >> aggressive and creative. >> but eventually, you're right. we have to get. >> to the real. >> money, which is in these entitlement programs. these non-discretionary spending. >> yeah. carlos always appreciate it. thank you. thank you. good to see you. >> let's get a check on markets.

a mixed day of trade with the s&p 500 higher. but the nasdaq down about 21. >> points after hitting. >> that record high. >> names like. >> meta broadcom underperformin. while we watched the dollar. >> index higher right now by a half a percentage point gold up 1.3%. >> more on some of. >> the big, big movers. >> of the day, including conagra. >> after this short break. >> nothing stands still. not technology. >> not the market. >> and not franklin templeton. we've been a. >> firm in. >> motion for over 75 years, always innovating. >> today, we're. >> a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the. >> portfolios of the future today. >> franklin templeton, your trusted partner for what's ahead. >> machine learning is advancing, but businesses. wonder if some machines can keep

up. >> let's welcome. >> our. >> new coworker, jeff. >> copier has a great idea. >> wonder if it's the same idea. >> as yesterday. >> it's a performance issue. >> really. >> i know people push your buttons, but you still have to deliver. >> anything can. >> change the world of work. atp assist is informed by workplace data. >> and designed for the. >> next anything. >> our new book shows you how our simple option strategies offer you a lower cost way to trade stocks with limited. downside risk and remarkable upside rewards. get your free copy today. it's not an option. >> that's it's not an option. >> dot com. >> with allegra. >> i hope. >> you can stop being sneezy. >> without feeling sleepy. get 0%. brain interference for fast non-drowsy allergy relief. >> with allegra. >> it's a no brainer. >> disney's snow. >> white in. >> theaters march 21st. >> get invested. >> join the club. >> the value you're going to get from making better investments

more than outweighs whatever the cost of the membership is. join the club. new members save with a special offer for a limited time at cnbc.com. >> terms and restrictions. >> apply for me. squawk box is breakfast. >> with the most. >> interesting people in the world. >> it's a privilege to get to talk to them every day. >> it's more entertaining than any other morning show, but you might get some useful information. squawk box weekday mornings, 6 a.m. eastern. cnbc. >> gold is up nearly 50% in the. >> last 12. >> months, but one futures trader sees it going higher still. he'll show you how he's playing it now. tune in to our playing it now. tune in to our market navigator segment knock, knock. #1 broker here for the #1 hit maker. thanks for swingin' by, carl. no problem. so, what are all of those for? ah, this one lets me adjust the bass. add more guitar. maybe some drums. wow, so many choices. yeah. like schwab. i can get full-service wealth management, advice, invest on my own, and trade on thinkorswim. you know carl is the only frontman you need...

oh i gotta take this carl, it's schwab. ♪ schwaaaab! ♪ have a choice in how you invest with schwab. the right partner. >> you just. >> won't win. it's time to team up with. up with. >> a winning at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. at this hour. dom, what are you seeing? >> all right. >> so. >> let's start. >> off with a look at the best performing sector of the day. >> and that's energy. as oil. >> futures rise on. >> the heels of that. >> ukrainian drone. attack on a.

russian oil pumping. station that threatened supplies in the caspian sea region, those higher. >> prices are among. >> the factors leading to gains in. >> oil and. >> gas companies like exxon mobil, which is. >> up about 1.5%. >> apa corp up nearly 2%, and halliburton as well, up 2.25%. meanwhile, on the consumer. >> front. >> conagra, currently the biggest laggard in the entire s&p, the food processor behind brands. >> like birdseye. >> frozen veggies. also, duncan hines. >> cake mix. >> lowered its full year. >> forecast due. >> to supply chain. >> disruptions and foreign exchange. >> headwinds, among other factors. >> now, that's having a ripple effect on other food processors in the consumer staples sector like general mills, smucker's, campbell and lamb weston. you can see all of those stocks in the red so far today. so food processing. >> stocks taking a. >> hit. and we'll end on a move higher in shares of casino operator wynn resorts. bucking the trend as the consumer discretionary sector underperforms on the day when it is getting some help from analysts at jefferies, who. >> upgraded that stock to. >> a buy from a hold. he also raised the target price to $118 from 105. they cited things like

continued recoveries in the macau market, as well as better growth prospects for u.s. properties for wynn. so mike wynn resorts up 2.75% an outperformer. >> on. >> the day. i'll send. >> things back over to. >> you guys. >> all right don thank you. >> wolfe research upgrading snowflake to buy this morning. find out why. >> with the analyst. >> behind that call. that's next hour on money movers. plus, elon musk unveiling his newest ai model, grok three. we've got details after a quick break. >> real time exchange. >> sector sword is. >> sponsored by sector spider etfs.

>> cell therapy. >> is transforming. >> how. >> we treat. many diseases. meat. >> fiber. >> biologics. >> nasdaq 160 patents issued and pending. leveraging a diverse library of commercial use. fibroblast cells that naturally fight disease and repair tissue fiber biologics. >> is developing a new and innovative cell. therapy platform to treat. chronic diseases, addressing multi-billion dollar markets now advancing. >> clinical trials for wound. >> care and. multiple sclerosis. >> fibro biologics. >> symbol fb, lg. >> if you know luxury, it's not just award. >> winning, it's rewarding. saatva mattresses supports all types of sleepers. luxury is handcrafted. >> in assembled in american. factories and brought directly to you with our complimentary in-home delivery and setup. >> service, which is.

>> why over 90% of customers. >> would recommend. >> saatva to friends and family. saatva luxury mattresses. >> made affordable. get vested. join the club. >> one of the key benefits. >> for me is knowing. >> where jim is going to buy or. >> sell before he does it. >> join the club new member save >> join the club new member save with a finding the right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, deep industry knowledge, and a 75-year history of innovation, we don't follow the herd. we lead it.

following a crackdown from the trump white house. executive chairman donald tang sending a letter to investors saying that growth remains strong despite moves. >> that could hit. >> the retailer. president trump deciding to end the de. minimis duty free provision for imports from china worth less than $800. in his letter, tang saying, quote, i have long advocated for de minimis. reform that prioritizes american consumers because. at sheehan, our focus. >> is. >> on customers, not customs

policy. transparency and accountability are essential for a healthy global trade system. meantime, sheehan is denying reports that it recently raised prices in response to tariffs. but of course, a global name that. >> markets are watching. >> ahead of a potential listing here. guys in london. >> in london. right. yes. yeah okay. >> elon musk's. >> ex i releases its latest ai model. hey. >> what's up? >> can you hear me? >> i'm so excited to finally meet you. i can't wait. to chat and. learn more about each other. i'll talk. >> to. >> you soon. >> all right, let's bring in. >> steve kovach. he's got more for us. they're saying it's the equal, if not. >> better, than. >> some of the existing models out there. steve, what do we know so far? >> yeah, that's right. and this is based. >> on. >> one of these websites, david, that. >> try. >> to gauge the responses of all these different ai models. >> and every time one. >> of these. >> companies comes. >> out with one. >> i'll just say they're.

>> the. >> best until two weeks. >> later, until the next company comes out with the one. >> that performs even better. >> i mean. >> this this. >> time, though, musk is claiming, at least in some early. >> tests. >> it does perform better. xai or grok three. rather. >> the. >> model name performs. >> better than deep. >> seek and chatgpt and a number. >> of others that we talk. >> about so much. but that feature. >> you just. >> showed, it's not it's not there yet. >> it's stuff we've seen. before from chatgpt and google and. >> so many other companies. that allow you to literally. >> talk to it. that's a feature that's going to. >> be coming rolling. >> out later, though. >> and i think that was. >> elon. >> musk's voice. i'm not sure. >> was it. >> on the grok you mean? i don't think that sounded like. >> his voice. >> did it? i thought i thought i heard him asking it the question. right. he was i think the. >> response sounded. >> like him too, but maybe not. >> oh man, i yeah, that may be a little too much musk, you know. are we getting to a level, though, where it's going to essentially be commoditized if there's not going to be that much difference between each of these platforms? you nailed it. i think that's exactly. >> what. >> we're seeing. i mean. >> with the deep. >> tech open moment a few weeks ago and just again, every few weeks we get one of these new

models coming out. >> and the. >> real lesson here is, yes, anyone is able to build these right now. we saw meta was able to turn around and do it. what elon musk did that was so impressive. >> though, david. >> is how. quickly grok was able to get off the ground. you've reported on. >> this. >> so many times. >> that. >> supercomputer cluster built in the memphis, tennessee. >> area that. >> was able to just get off the ground. and running in just record amount of time, and at the same time, we're seeing elon musk talk about raising money again. there are some reports about that last week, and it's really becoming this arms race who can build up the infrastructure faster than than the next guy. we know elon musk is also embroiled in that lawsuit with openai and sam altman himself about that kind of stuff and maybe weakening a competitor there. but it's really going to come down to who can make the best product. i'll note right now, though, david, if you look in the app store, the number one app is still chatgpt, but partly from some momentum. last night we have grok down there at. you can see it right there at number ten. >> deep. >> seek number 12. so these apps are gaining a lot of popularity

in the app store. that's a signal. right now people are out there and downloading and at least using and trying this stuff right. >> yeah steve thank you. of course steve kovach yeah. key question will they all win in some way with xai and potentially post-money valuation now 75 billion and openai as much. >> as. >> 300 billion. >> post-money from that softbank investment. >> we'll see. as for our live market coverage, well, it market coverage, well, it continues right after this. i can't believe you corporate types are still calling each other rock stars. you're a rock star. we're all rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with workday. thank you! guys, can you keep it down. i'm working. you people are (guitar noises).

hand over the air guitar. i've got another one. see. hey, we. >> won't. >> know unless we try, right? how long have we waited for something like this? >> we'll have to alert. >> suppliers, coordinate shipments. already alerted. >> already coordinated. every supplier sees. changes as. >> they happen. >> since when can we just scale up mid-cycle? since we brought in. >> bdo. people who know, know b.d.o. >> at capital group, we see active etfs differently. we collaborate, designing them to remain strong. preparing them. >> to. weather the ups and downs of the market.

>> that's what sets our active etfs apart capital group. actively different. active etfs. >> my clients deserve someone who understands their world. someone who listens, who has their best financial interests at the center of every decision. our business is built around being responsive to our client's ever changing needs. as an advisor, as there are a custody services provider, i see my client's success as my own because when they grow, we grow with them. for over 25 years, we've been committed to rias, and that's why i chose tradepmr.

>> we know he wants to hold on to the nba. how much more will he have to pay? >> a lot of the revenue streams are guaranteed. >> cnbc sports official nba team valuations available now at cnbc.com. sport. >> good tuesday morning and welcome to money movers i'm seema mody alongside mike santoli. live from post nine at the new york stock exchange today. record watch here and abroad. the s&p 500 near an all time high just above 61.28. that's the number to watch. european stocks meantime hitting fresh records rising on hopes of ukraine peace talks is a sentiment shift underway towards european and asian equities. we'll discuss then. >> is meta's rally coming to an end coming off 20 straight up days? we'll look at some of the technical levels on the stock over that stretch as it pulls back just a bit this morning. >> plus an upgrade