." ♪ >> i'm carl quintanilla, shy of the 190 estimates but futures are firmly in the green.oes this led the fed breathe a touch easier the tear continues

i'm carl quintanilla at post nine at the new york stock exchange kara swisher is with us to talk about tech at large and specifically apple, kara shares of apple under pressure on a report that company is cutting the first quarter iphone production in half that is according to japan's nikkei news service which says apple told suppliers about the plan citing slower than expected holiday sales. we've been down this road before, kara regarding the nikkei and unnamed sources difference this time is it's going into some pressure on the stock already. but how seriously do you take this >> well, i don't know. i think we'll have to see. i think the question is if these phones are too expensive we talked about this before. this screen on the phone i think is the focus of the article. this screen that is just much more -- a big component of the price. and whether this phone has rolled out globally. i mean anecdotally, a lot of people -- i have the iphone 10 but a the love people i know oment opted for the 8 because it is cheaper, they like the format.

mike quintanilla. >> yeah, those are the popular positions.p because they are beneficiaries and growth stocks into value. it has not worked year-to-date look at how the mega stocks. mgk is up 5% out performing the small cap russell coming in today. dominated by the big growth stocks then if you look at the pure style index, russell 1,000, value index, that was supposed to benefit from better financials and faster growth, maybe higher rates is also lagging. why is this? momentum from 2017 trades stronger than the meaner version that might happen. out performing also, sectors don't always follow the policy scripp also, maybe rising rates to a new kind of threshold, maybe 3%, would be that thing that finally breaks the fever in the very large cap growth stocks which sometimes act as bond proxy. so all those things i think working right now. as well as fast start, guys. once you are behind a little bit, when the benchmark is 5.5% it's tough. >> bank of america, merrill lynch comes out every week it is with funds inflows and outflows. and today the

i'm carl quintanilla ma lis la lee is here. is off today dow is up 87 s&p up to 2757 oil on a tear of its own up above 64 our road map responding to tax reform walmart and delta making big announcements on the heels of the bill. >> china casting doubt on a report it is considering trimming its u.s. treasury holdings we'll go live to beijing. >> cryptocurrency getting slanged as the third largest cryptomarket prepares a trading ban. >> first, walmart responding to the new tax bill announcing it is raising starting wage, giving some employees bonuses our courtney regan joins us with more. >> so the world's largest retailer and largest private employer giving employs a wage increase and enhanced benefits thanks to the new tax reform bill eligible associates get a bonus. they will cost walmart approximately $400 million in the current fiscal year ending january 31st in february, walmart will increase the starting wage to $11 an hour in addition to wage increases already planned in the various markets. so the starting wage is curren

alberto quintanilla. mr. clerk, if you could please call the roll. >> clerk: item one, commissioner breed. cohen present. commissioner farrell. farrell absent. commissioner fewer. fewer absent. commissioner kim. kim absent. commissioner peskin. >> chair peskin: present. >> clerk: commissioner ronen, present. commissioner safai. present. commissioner sheehy present. tang present. we have quorum. >> chair peskin: all right. could you, please, read the consent agenda and then we'll take public comment on the minutes. >> clerk: items two to three compromise the consent agenda. item three was approved at december 12th board meeting and considered for final approval. staff is not planning to present, but presenting if desired. if a member objects, any items can be removed and considered separately. >> chair peskin: is there anyp on item two, the minutes of december 2017 meeting, mr. rice? >> public: yeah. i want to point out and explain part problem is transportation roads are deteriorating. next time you talk to c

el seÑor romero dijo que no se metiera con los acero ni con el gallo quintanilla. - ¿y vos quiÉn sos? ¿va a ir allÁ a decirle de sapo todo lo que yo voy a hacer o quÉ? - no, pero el seÑor romero me pidiÓ que la protegiera y es lo que estoy haciendo. - decÍme una cosa, rosquitas. ¿a vos es que ya se olvidÓ que yo te di hace unos meses una maleta llena de billetes, llena de plata pa' que me trajeras la cabeza del indio amaro? ¿ah? decÍme la verdad. decÍme si vos estÁs trabajando pa' romero o estÁs trabajando para mÍ. - no, pos... pos que no se me olvida. pero las dos cosas cambiaron desde que supimos que Él era el mero-mero. - el mero-mero, el mÁs-mas, el que manda-manda, no me importa el capo de capos. yo quiero ir a ayudar al gallito y ¡punto! ¡que tal este! [sonido al cargar el arma] - seÑora tuti, discÚlpenme pero Órdenes son ordenes. - roscas, ¿vos me vas a disparar? ¿es en serio? mucho malagradecido, parce, despuÉs de todo lo que yo he hecho por usted. despuÉs de todo lo que... las veces que yo he metido las manos en el fuego por su culpa, parce. ¿a lo bien? entonces, sabe quÉ? pÉ

." ♪ >> i'm carl quintanilla, shy of the 190 estimates but futures are firmly in the green.oes this led the fed breathe a touch easier the tear continues in europe, 10-year at 2.44. our roadmap begins with unemployment holding steady at the 17-year low. futures point to new records of the open apple's chip response confirming its products are vulnerable to that security flaw and the corporate tax response, bonuses on the way at jetblue and billion plus q4 earnings hit over at morgan stanley december nonfarm payroll growth missed forecast, we still saw 2.1 million jobs added in '17. average hourly opens up 2.5 from a year ago labor force, unchanged, a lot of discussion of the amazon effect, what's happening to retail. >> i think so, i was disappointed obviously you want more jobs and more people to be hired to get a little increase in wage. but this is what's happening i spoke to planet fitness yesterday, interesting company i i. >> there's a lot more people who work at the sears and kmart than there are planet fitness and that's the old and new economy can'ting amazon and se

carl quintanilla, back to you. >> rick, thank you rick santelli.or sort we'll get to dom chu. >> check out what's happening in technology, the best performing sector in s&p 500 as we hit record levels across major u.s. indexes. you've got shares of amd and ibm. check out stocks not in the s&p. blackberry and baidu after collaborating on self-driving car technology blackberry one of the best performing stocks in the north american tech, igv we'll keep an eye on those particular symptoms. we'll send it back to you guys, mike. >> dom, thank you very much. trouble ahead for retail despite better than expected holiday shopping season, new report from cushman and wakefield, a number of u.s. store closings expected to jump 33% to more than 12,000 this year adding another 25 major retailers could file for bankruptcy in 2018 let's bring in ceo whose company owns 63 malls around the coun y country. let's start with that, would you dispute the idea there remains intense pressure in terms of a lot of change, a lot of store closures and therefore malls under so

"squawk on the street" is coming up right now ♪ ♪ >>> good wednesday morning, i'm carl quintanilla with cramer and david faber. pressure on interest rates put pressure on the futures as names like buffett on our air a few minutes ago weigh in what it means for the stocks reports that the chinese have suggested slowing or halting purchases of u.s. treasuries roadmap begins with the pause, a decline in the open and s&p in '18 best start in 30 years. >> buffett on the market, succession planning at berkshire, stocks not richly valued and remains a buyer but not of bitcoin. >> tech under fire a powerful gop senator demanding answers from apple good battery gate the s&p is off to the best start since '87 and buffett says markets are not richly valued according to rates and what he told becky a few moments ago. >> what has happened in the market has been very sensible. nobody thought we would have these kind of interest rates for a long time. additionally you have the tax act which is a huge factor in valuation. >> says the interest rates are the gravity to value and munger chiming in saying

with that, our clerk is alberto quintanilla and mr. clerk, if you could please call the roll, we're going to have a very brief meeting and then we are going to adjourn to go have a press conference with our acting mayor london breed on the mayor's balcony. >> clerk: item one, commissioner breed, breed absent. commissioner cohen, present. commissioner farrell, present. commissioner fewer, fewer absent. commissioner kim, kim present. commissioner peskin. present. commissioner ronen, present. commissioner safai present, commissioner sheehy, absent. commissioner tang, present commissioner yee. >> commissioner sheehy should be named present. commissioner fewer, i spoke to a few hours ago, we'll take that without objection. i'm going to forego the chair support, madam secretary director, are there any items you want to share? any comment on the chair's report or executive director's report. public comment is closed on items 2 and 3. could you read the consent agenda. >> clerk: four to nine consent, items being considered for approval. staff

i am carl quintanilla and jim cramer and david faber we'll have more on trade, the dollar and international cooperation and we still have earnings to get to starbucks and intel both moving in different directions. the ceo of starbucks is also coming up with us a the president just finished at the world economic forum in davos. he emphasized the new trade stance in his administration >> the united states will never turn an eye on economic planning these and other behaviors are harming businesses and destroying the global markets and harming businesses and workers around the globe >> went onto call regulations still taxation and talked about how it has been around the world. america's first is not america alone. >> look, i think that he made a great sales pitch for america. i think that's not what anyone ever done in davos it is about you are strong and we are weak and you become strong davos is a place for redistribution for almost every president and everyone speaking for the government this was not, look, if you give us the ability to be able to compete and trade, you do better i don't thi

. ♪ >>> good morning, i am carl quintanilla and david faber and jim crame jim cramer with the stocksxchange a lot of news headed our way and yellen's last fed meeting and the busiest week of earnings and a global bond sell off our ten year hitting 271 a slew of corporate news, the president's address and the monthly jobs number. >> we got shares of dr. pepper and keurig is buying the maker apple continues to move in the opposite direction of the market another report of the iphone weakness as the month heads into the home stretch, s&p 500 on track for the best january since '87 busy earnings calendar including results from all, you got the president's address tomorrow night, yellen's last meeting as chair of the central bank and the jobs number on friday. 271 is getting people's attention. there is some theory that yellen is more hawkish on this run. >> she ought to be hawkish i look for weakness in this economy and i cannot find it consumer is strong and corporate spending i got to tell you, tax reform is working. >> the more ceos that i speak to or everybody in the overall communit

i'm carl quintanilla with jon fortt and here at post nine.s on the dow and s&p this morning all major averages having best month coming as the president addresses the economic forum in davos sw davos switzerland yesterday declaring america is open for business sat down with our joe kernen for more we'll turn to michelle caruso-cabrera in davos this morning. hey, michelle. >> reporter: hey, carl, president trump on a full court press to convince investors around the world to invest in the united states. trump reiterated how pleased he is about the corporate tax cut, what it does for american competitiveness and how it's leading to bonuses for workers as a result. >> i think that the tax plan has been even better than we thought. what did happen that nobody considered is that at&t started, but they immediately followed hundreds of companies are giving thousands and thousands of dollars to their workers and now you have almost 3 million workers that are receiving thousands of dollars nobody ever thought -- that was in the plan. >> even starbucks

i'm carl quintanilla with david faber, and mike santoli at post 9 of the new york stock exchange record for the dow, s&p, and the nasdaq as the s&p is up five days in a row. some of the macro data out of europe is pretty good and we'll be getting that in a couple minutes. road map begins with iphone's defense. striking back over a letter about device addiction and children >> target on the move. the company released its outlook. >> plus, intel's ceo speaking out on those flawed chips. we'll take you live to ces in las vegas to tell you how he's planning to fix the issue and when >> first up, get straight to the markets this morning all three indices are in the green. the nasdaq did slip a bit. they all hit record highs at the open, at least s&p has added 2% in the first five sessions. nine days. we're already above year end targets for morgan stanley and hsbc >> yeah, it's obviously been pretty relentless. yesterday was what passed for i guess a pullback, which is a flat market, kind of a rest on the way in the other dynamic here, we talked about it yesterday, too, it seemed like the co

quintanilla, we can hear from mr. strauss on both those items. >> clerk: item nine, presentation on the voters survey prepared for the san francisco task force 2045. item ten, update on the transportation network companies regulatory landscape and across the country. also an information item. >> chair peskin: mr. strauss. and i apologize that we have to continue these, but these are interesting times at city hall this week. >> i'm sorry. i missed the prelude because i was talking to the last presenters. you are continuing these items? >> chair peskin: yes, sir. >> i will continue my testimony. >> chair peskin: thank you. are there any other members of the public? seeing none, public comment is closed. is there any introduction of new items? seeing none. general public comment. mr. yip. >> public: good morning. seeking a wealthy nation in great unity for the people. seeking of civil liberty and civil justice of human rights for the people. the principle of lively hood is the seeking of prosperity and benefits for the p

i'm carl quintanilla with jim cramer faber is off today we're watching the dow and s&p 500. adp comes in strong. that two-year is knocking on 2%. our road map begins with the global stock rally, rolling on dow 25,000 within striking distance that winter storm crippling the eastern u.s. thousands of flights have been canceled and shares of macy's are in focus, as the retailer announces some fresh store closures. we are close to a major milestone on the street. the dow is within 78 points of 25k. that's a day after another record-setting session for stocks this would be the fastest thousand-point surge in history. we know about the law of large numbers, but we're talking a little more than 30 days >> one day, it's actually going to be in the front page. you know, look, other than the president's tweets about it, you really don't -- no one's really focused on this. they're more focused on bitcoin, tesla. this is remarkable last night i did a piece where i had to stick my hands into the cake because it's not baked in so i think we blow through the number the only thing in my sig

i'm carl quintanilla with mike santoli, morgan brennan here at post 9 of the new york stock exchangen fortt in san francisco. in a minute he's going to bring us a cnbc exclusive with amd's lisa su. you cannot miss that >>> in the meantime, apple feeling pressure from investors. urging the iphone maker to tackle smartphone addiction and overuse by children. they write the potential long-term consequences need to be factored in at the outset and no company can outsource that responsibility joining us at post 9 this morning, elevation partners cofounder roger mcnamee and scott galloway, professor at the stern school of business happy monday good to see you both what an interesting turn this is, roger. what responsibility does apple have to how my kids might use a phone? >> quite honestly, they have a lot. the culture of silicon valley has been about disruption for so long that people have forgotten there are consequences to disruption, and at the scale that the tech guys are at now, they have to take some responsibility now, apple in this case, i think, is nowhere near the worst offende

alberto quintanilla. mr., if you could please call the roll. >> clerk: item one, commissioner breed. cohen present. commissioner farrell. farrell absent. commissioner fewer. fewer absent. commissioner kim. kim absent. commissioner peskin. >> chair peskin: present. >> clerk: commissioner ronen, present. commissioner safai.

i'm carl quintanilla at the new york stock exchange. markets obviously the top story.asdaq closes above 7,000 on tuesday for the first time ever to kick off the year s&p crosses 2700 in today's session. for a moment we were within 100 points of down 25 k. for more bring in senior markets commentator who has switched seats here at post 9 big playbook, strategic thoughts, what are they. >> ongoing sweet-spot seems it has continued into 2018. pretty much all these things working for the market, low volatility advance, yesterday a little more energy in the nasdaq, obviously getting above 7,000 with a percent and a half move what's interesting is you have these forces of global consumer boom animating the nasdaq nasdaq composite also almost 14% of s&p 500 the top five stocks in the s&p are the top five in the nasdaq that's actually a newish thing so it's very new versus let's say 2,000. on the other side you have this cyclical reflation story working for the dow and working for global markets it's rare, i think, that you have these growth stocks you're supposed to huddle in

i'm carl quintanilla with john fortt. >> doesn't this make you want to go like this >> at post 9, saraoff. top story this morning, walmart is making moves, the company announcing it will increase its starting wage for hourly workers in the u.s. to $11 an hour, pay a one-time cash bonus to eligible employees walmart says it will expand maternity and parental leave benefits been a couple years since they took wages up. before a lot of their competitors, took it to $9, now to $11 when you're talking this many workers, it gets your attention. >> i think we have to be careful, though. 1.5 million workers in the u.s this wage hike from $10 an hour up to $11, that's nice, but walmart's wages are that low to begin with and we've been wondering for a long time with the tightness in the labor market when are the increases coming >> starting wage, to be clear. >> not every worker makes that, but walmart is infamous for having workers on public assistance, so how much praise do they deserve, plus this $400 million worth of bonuses, which is great, one time, but let's not pretend this is some huge,

i'm carl quintanilla sarah and john are off interesting morning, rally is hitting the pause button thisning. earlier today on "squawk," berkshire's warren buffett weighed in on stocks and what he thinks is driving the market now. >> they are not value developed interest rates what has happened in the market has been very sensible nobody thought we would have these kind of sfw rates for a long time. additionally you have the tax act, which is a huge factor in act, which is a huge factor in valuation.'s the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >> they are not originally valued at interest rates what's happened in

i'm carl quintanilla netflix a big story. high surpassing $100 billion in market cap for the first time after earnings shares up on strong guidance for on going growth which is driven by the commitment to content on the earnings call, reid hastings said because they're growing faster than expected, they'll invest more than planned. >> it is $8 billion but it will be higher in 2019 and 2020 so don't think of it as $8 billion and a new plateau. instead, it's just a point in time as we grow both the revenue and our content budget >> for more on the results, we're joined by foundation capital general partner paul holland who knows this company inside and out paul, good to have you back. >> good morning, guys. how's it going >> i mean we're sort of in awe of what they put together in q 4, especially internationally. now we have anl iflalysts cominn the air talking about subs in the hundreds of millions eventually have we -- are you -- do you have a good sense as to what the ceiling might be in subs, especially in other parts of th

on wall street, and "squawk alley" is live ♪ ♪ >>> good morning, i'm carl quintanilla with morgan brennan john fortt on the new york stock exchange the social network looking to emphasize posts from friends and family mark zuckerberg writes, i expect some time on facebook and measures will go down. as facebook deprioritizes news, the former president obama was on the first episode of letterman's new show on netflix, where he addressed the issue of news on social media listen to that >> whatever your biases were, that's where you were being sent, and that gets more and more re-enforced over time that's what's happening with facebook pages where more and more people are getting their news from. at a certain point, you live in a bubble and that's part of why our politics is so polarized i think it was a solvable problem, but i think it's one that we have to spend a lot of time thinking about. >> two conversations here this morning, one is about the ad revenue impact and the share price, obviously, we're going to coff cover that but longer term it's a question whether or not zuckerberg sees t

street, and "squawk alley" is live ♪ ♪ >>> good tuesday morning, welcome to "squawk alley," i'm carl quintanillaurtney reagan joins us here at post 9, john fortt is live in las vegas at this year's consumer electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btig's managing director, andy hargreaves, senior research analyst. good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. how much of a catalyst is ces this week? >> there's always something that becomes the theme of the show, but it doesn't always necessarily translate into a lot of revenue and earnings growth we talked about artificial intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didn't really materialize in anything that significant for these companies. so it's fun to see new products and hear a lot of the teams update investors to start the year off, but i woul

and "squawk alley" is live ♪ ♪ ♪ ♪ >>> good friday morning, welcome to "squawk alley," i'm carl quintanillahn fortt, mike santoli at post nine of the new york stock exchange. >> also iphones, macs are affected by a processor flaw and also billboard reports jimmy iovine could leave his role at apple music and a survey shows an improvement in demand for the iphone x, despite what it calls supply chain volatility. for all that let's bring in the man behind that note, steven malanovich steven, good morning, happy friday >> same to you >> i want to start with the iphone x that's the big profit and revenue driver at apple. there's often all of this supply chain noise around iphone releases often a lot of it doesn't actually translate when we see the results. which are we to believe, the fear, uncertainty, and doubt among the demand for the iphone x as evidenced by component orders from apple, or the demand that you're seeing for the phone itself >> well, at the end of the day demand drives supply, so we focus quite a bit on demand. we did this at ubs evidence lab survey follow-up, so a couple mon

i'm carl quintanilla with courtney reagan, john fortt here at the new york stock exchange a lot goingtake a look at the markets right now. historic milestone passed. the s&p and nasdaq hit some record highs, as well. number of tech names hit all-time highs netflix, amazon, facebook, google, microsoft, ebay, and a lot more dan morgan is a portfolio manager. what a day, guys dan, do you think these first couple days of the new year are giving us a clue as to how the year is going to go overall? >> well, i'm really encouraged, carl, by the pack the technology sector is doing so well. as you know, we saw a big selloff in the last couple weeks of december in terms of the year end. you saw a lot of profit taking on some of the names you just mentioned, so it's very encouraging to me to see, you know, the leaders in technology doing very well and kicking things off as you know, tech was one of the leading sectors in 2017 but had profit taking in the last month of the year. >> and for all of the complaints about lack of exposure to the benefits of tax reform, uncertainty over repatriation, ar

as soon as it brings, we'll bring it to you live i'm carl cat quintanilla at pos nine american express after earnings last night and the senate is going to start deliberations once again this morning, begin debate at any moment to avoid a government shutdown for more on that, we'll get to eamon javers. >> that press briefing was supposed to start a half hour ago. dwoen we don't expect to hear a lot of particulars about how they're going to hand will a shutdown. we expect to hear the politics vounldi voun surrounding this and the way forward wlachlt is t forward. what is the deal they prepare to put on the table i got the note that the speaker's office sent to a lot of members of the media placing blame on democrats for this potential shutdown they say first to the point there is no objective way to look at what is happening here other than democrats are forcing the government to shutdown whether you think that's good politics or bad politics, that's what they're doing and they're quite open about that so that's the republican position on. this the problem for republicans is that they w

. ♪ >> good wednesday morning, welcome to "squawk on the street," i am carl quintanilla and david fabernd jim cramer we watch earnings from industrial bell weather like ge, busy morning in davos with dimon. solid flash in the pmi back to 265. we begin with earnings central ge up in the premarket despite missing estimates and comcast dividend boost we'll go through the report and tell you everything you need to do the big bank ceos are speaking out on everything from taxes to bitcoin, we'll hear from jamie dimon. first up, ge missing its fourth quarter results of weakness and power division its cash flow is improving this is john flannery on the conference call talking about some of the early challenges that the company has faced >> you heard a lot from us since i came ceo in august i recognize the news we share in that time, power and insurance have been tough. we have moved to tackle the issues our responsibility is to reshape this company and ensure that ge matters as much in the next century as it has in the past. >> they did say we expect more challenges to continue at least for pow

. ♪ >>> good wednesday morning, welcome to "squawk on the street," i am carl quintanilla and with jimramer and david faber. futures is up strong as we reclaim some of tuesday's loss a lot to get to. the final day of january, and europe is mostly green adp is strong of 234 oil is on pace on a third day down our road map began of -- >> president trump calling on congress for $1.5 trillion bill to help fix the country crumbling infrastructure tomorrow's report, apple gets a downgrade, disappointing iphone demand and the s&p 500 the worst day since may of last year despite the sell off though. almost, six decades heading into the trading section of the month, each 5.5. nasdaq is up 7% for the month. 14 record s&p 500 closes is the most since 1955. i have to go back, that's seven years. >> i heard the speech last night, not only the president, he's literally taking credit for the stock market and he'sdone lot to make it so that this rally makes sense. you look at the boeing quarter today. you -- everyone is skeptical and some of them is antitrump. come on, this economy is thnot that good.