the dow falling 362 points to 26,076, the nasdaq losing 64 to 7,402. the sec and justice department are reportedly investigating apple over its slowing of old iphones. last month apple apologized after a blogger unveiled the secretive practice. apple faces several lawsuits claiming they were selling down older phones to boost sales of newer devices. >>> facebook is banning adds for bitcoin and other financial products that may be associated with deceptive practices. the new policy says ads can't promote services such as initial coin offerings which is a way to raise money by selling digital currency that can then be traded. facebook says examples include ads that have phases like use your retirement funds to buy bitcoin. back over to you. >> that's probably good. thank you very much, landon. >>> despite yesterday's downfall the stock market is soaring, finishing 25% higher in 2017, but wages for middle class americans last year went up by 2%. a majority of americans are noticing. according to the latest poll by the pugh ree serew research cen% of americ

the dow falling 97 and the s&p shedding four and the nasdaq losing two. shares of alcoa swapped 7% after quarterly results missed expectations and ibm fell more than 4.5% despite the report of growth in five years. the company said it is focusing more on the cloud and security services. that is it from cnbc. first in business worldwide. seafood with new tasting plate s small plates, with big flavor- like yucatan shrimp in chili-lime butter and caramelized pineapple. and if you like hot, buttery maine lobster, check out this petite red lobster roll. for new entrees, explore globally-inspired dishes like spicy dragon shrimp. and now, when you order any two new or classic entrees, you get a free tasting plate. so get your coupon at redlobster.com and join us today! so get your coupon at touch is how we communicate with those we love, but when your psoriasis is bad, does it ever get in the way? embrace the chance of 100% clear skin with taltz. taltz is proven to help people with moderate to severe psoriasis achieve completely clear skin. with taltz, up to 90%

the nasdaq is also losing ground. we will have more on what is happening with the markets.e from new york, this is bloomberg. ♪ ♪ shery: this is "bloomberg markets: balance of power." i'm shery ahn. david: i'm david westin in washington. hesident trump says understands he needs to reach out to democrats on issues such as immigration. will democrats be receptive to his overtures, and what, if anything, can democrats and republicans find is common policy ground, even if they can never agree on politics? , during her career, she has served as a senior policy adviser to the presidential campaigns of barack obama and hillary clinton. we welcome her here. neera: great to be with you. david: let's start with a question a lot of people are thinking about. we had a bernie sanders running to the left, i was around for the rainbow coalition after michael did caucus lost. it was the move to the center. had the deal that went to the center. does the democratic party go to the center of or to the left? think this is an interesting conversation. but really not where the conversation of th

or dow is down 177 after close yesterday down 164 looking at the futures with the s&p and nasdaq each losing 1%. we'll continue to monitor the situation for you. a close call for the u.s. navy spy plane could a russian jet five feet away directly in the navy plane's path through the pentagon says the american plane did not do anything to provoke the russians did the two were above the sea in international airspace. redline is getting a makeover and management. ceo garcia leaving two years after to revive the cosmetics icon. just weeks before the olympics, a swine flu outbreak is ravaging the korean peninsula of north korea, scrambling more than 80,000 infected people while south korea killed off nearly 1 million chickens that contain the bird flu on his side of the border. the world health organization said three children and one adult have died from the flu in north korea. cheryl: all right, lauren. tonight is the night we are talking about it. president trump with his first official state of the union address. expected to outline the broad agenda for 2018. he gave a preview yesterday at th

the nasdaq and the s&p 500 coming back a little bit from their earlier losses. but the nasdaq still losingf of a percent. the s&p 500 down a bit to 2832. >>> exxonmobil is planning to give the economy a boost by investing more than $50 billion in u.s. businesses. the oil company says it will expand its businesses in the u.s. over the next five years, including an increase in oil production in texas and new mexico. exxon's ceo says the initiativessed will create thousands of jobs. 15billion dollars was already planned but executives say the new plans are possible because of the new corporate tax cut. waymo, of google's parent company alphabet will start service this year in phoenix with chrysler pacifica minivans. it has tested the technology in 25 cities so farrah cross the u.s. >>> a study by acorn, an investment app, say most young and middle aged workers would rather discuss their weight than salaries. women feel even more stronglily than men on the topic. 56% of women avoid talking about personal finance. some experts say that is because of the perceived connection between earnings and

the dow snapped its winning streak losing 12 points, while the nasdaq kept up its gain rising 20.ork force , in a dismal holiday season, company will let go about a fifth of its staff and eliminate its thrown unit. company's ceo plans to reduce its $800,000 salary, to just a buck. a whole lot of new technology will be on display at the annual consumer electronics show kicking off today in las vegas, hot ticket this year is your voice. manufacturers are expected to unveil more voice control device that is may soon let you talk to much of your house , like kitchen appliances , and washing machines. and, speaking of technology, how about a tv that rolls up like wrapping paper? lg is unveiling 65-inch screen on full display looks like regular tv but it back is covered in vertical slats. that will gives it the curve featurement consume kearse either roll it all the way up like window shade or just partially showing information like headlines for the weather , jim, rahel? >> reminds me, i know very old school example, reminds me of the projectors that the teachers used to have in elemen

closing record high in a row for the s&p as well as the nasdaq the dow also closing at a record high it looks like we'll open sharply lower. the dow losing24 points right now, the s&p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the ten-year note 2.584% right now that's the highest since march 15th a big move in the ten-year treasury yield that's challenging the equity rally today. the yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0.20%. over in europe, right now at hope the dax down by 0. % cac down by 0.6% looking at the price of crude oil, highest level since 2014. wti, 63.43 >> breaking news this morning. let's get to becky quick live in omaha. good morning >> good morning. there's breaking news from berkshire hathaway the company out with a statement saying that it's going to be increasing its board of directors by two members to include two key members of its operations team who people have been looking at for a while, speculating on whether they would be stepping in as potential sulk seccessors for w b

the dow come off by 94 points. losing four points and the nasdaq down to.y normal standards but by 20 standards it counts as a selloff. scarlet: we need some perspective there. let's get perspective on recent earnings as well. morgan stanley's reporting results and it broke from years for not reporting any losses, of 1%.ck gaining 9/10 the wealth management part of the business is a big story this quarter with pretax management setting a record for the fourth straight quarter. so it looks like the pit it to what wealth management is really pivot tof -- the wealth management is really paying off for the firm. the bank of new york is saying it will spend money saved from the tax cut passed in washington on employees and its businesses. the bank will boost minimum wage to $15 an hour and meaningful in -- and meaningfully increase spending on technology. albemarle corporation, this is our stock of the hour, at least julie told us about it earlier. there was a call hereby rbc saying this is a buy on potential weakness of supplies. but the bigger story here is ov

the dow snapped its winning streak losing 12 points. the s&p gained four, its fifth straight winning session and the nasdaq ended 20 points higher.apped up borrowing as holiday sales soared. they racked up nearly $28 billion on credit cards. it's generally a sign of confidence in the economy. all told consumer borrowing grew 8.8%, the most in more than two years. >>> two former google engineers are suing the company. they allege google discriminates against white men and people with conservative views. the suit accuses google of shunning employees who deviate from the liberal agenda embraced by management. one was fired last year after he wrote a memo criticizing the diversi diversity programs. and amazon founder jeff bezos is now worth $105.1 billion. bezos added another 6 billion to his fortune already this year as amazon shares rose over 6.5%. bill gates was worth nearly 94 billion as of october. >> he added 6 billion already this year? >> i know. >> he's definitely an achiever. >> he can sleep well at night. >> right. thanks a lot, diane. >>> still to come, life saving head gear, how a new visor is helping victims of severe s

the dow snapped a four-game winning streak, losing 12 points. nasdaq adderred 20 and set a new record. >>> 2018 can be a big year for the consumer technology industry, which is expected to reach sales of $351 billion. that's up almost 17%, according to an industry trade group. a boost will likely come from smart phones. a lot of the new technology will be on display at the annual consumer electronics show in las vegas. the hot ticket item this year is your voice. manufacturers are expected to unveil more voice-controlled device that may let you talk into your house, like kitchen appliances and washing machines. >>> airline is making seats that will not recline. a strategy already in place in some low-cost carriers. a british spokesperson says the new seats will be pre-reclined at a comfortable angle. in new york, i'm nikki battiste. >>> those looking to get fit this new year have an excuse to explore the great outdoors. they will get free public admission to california national parks. it is part of the save the redwoods league. there are a limited numb

stock market is bouncing back from the first losing session of 2018. dow up by over 50 points. nasdaqs gaining 16 points. and the s&p is up by 6 points. michelle and kenny, back to you. >>> thank you. another coastal home in pacifica is set to be demolished today the last one along the crumbling hillside off esplanade avenue. other homes there have already been destroyed. the owners say the home was built in 1949. >>> today transportation experts will gather to talk about potential solutions to curb congestion on highway 101 in san mateo county. traffic on 101 has become worse lately as the number of silicon valley jobs has grown. one proposal is to build a new express lane in each direction between redwood city and san bruno. >> anything will help, right? >> right. and speaking of 101 heading through san mateo county i thought we would begin and take a look at how conditions are out on the roads right now along 101. this is right near sfo. and traffic is still moving in both directions a-okay. we are not dealing with too much fog in that area. so that's the good news. if you travel a

. >> now, here is a look at the closing numbers and we rebounded nicely after the losing day on wall street. the dow is up 72 points and nasdaq up 9 and s&p climbing to 1.5 points for your wednesday. last day of january. >> lets see how the beginning the the rush hour is going. matt pellman with the traffic report. >> closing the workday and the month, trying to close up potholes here, 422 westbound side emergency pothole construction taking out the right lane, between trooper road and oaks and not doing good things for the traffic along 422 westbound speeds like 7 miles per hour coming out of king of prussia, i would not get on 422 westbound and use 23 or even main street ridge pike as another alternate. the delays are spilling back on to the schuylkill expressway. as you head toward the schuylkill on 202 northbound a vehicle fire luckily that is off to the side and extinguished. and schuylkill construction today lasting through april. and they are replacing the bridge. and alternates for the next few months. and on the big picture a broken down vehicle by allegheny and that is now gone. lets check the waze app and claremont

tough day at the office, dow industrials down better than 350 points down 362, 1.37% lower the nasdaq, s&p 500 losingworst performance since may. for markets yesterday, dow jones industrial average s&p 500 futures bouncing part to do with boeing, we certainly have seen a big boy ons in the last half an hour, as boeing numbers hit tape dow industrials now expected to open 163 points, two-thirds of 1% higher this morning the nasdaq expected to be up 27 points, one-third of 1%, boeing shares up 3%, in europe, take a look at indices this morning a mixed showing early we are off the lows, the ft 100 down 5 points cac quarante. dax index higher about a quarter of a percent, apiece, in asia overnight, markets mixed with mostly lower expectation hong kong hang sen up 1% japan down almost 1%, on nikkei average, the election harley-davidson plans to launch first ever a better powered bike within 18 months what is prompting the american brand to switch gears coming up talk united airlines turned down one with emotional support peacock at new jersey airport could not fly with her united not only airline cracking

the markets, record breaking day, losing steam into the afternoon with the s&p and nasdaq turning negative. right now, the dow jones industrial average is still positive by about 50 points, but it shot out of the gate this morning by more than 200 show you what's going on with the volatility index, jumping more than 13%. we actually started to see it creep higher, they're going to flip this over any second, and there it is, health care leading the dow. merck soaring on positive lung and cancer trials. and united beating estimates merck higher by 6.5% united higher by 2.5%. the loser, ge. sources telling cnbc that a breakup of the company could come as soon as this spring. not helping the stock. still lower by nearly 4% after hitting all-time highs, big tech is losing its gains right now. google, netflix, microsoft, and apple giving up their gains. retail also weighing under armour, target, macy's, nordstroms deep in the red they had a very good run brian. >> thank you very much here's what else is happening. the final numbers out for online sales last year. as expected, it was another reco

the dow jones. nasdaq down about half a percent of 39 points. all 11 s&p sectors finished lower. some of the bigger move it's -- movers losing 9%.llegations around steve when, and apple, one of the biggest contributors of the s&p down about 2% today by it that is a 4% drop from last week, and that is concerns regarding iphone x sales and whether the company will report earnings later this week and whether those numbers are going to disappoint or meet expectations. we also saw weakness today on telecom stocks. talking about verizon and down,le sliding -- at&t sprint almost down to percent, this is all tied to some reports coming out of the white house saying they may possibly consider a partial federal takeover of some of these mobile networks that these countries have been working on. betty: today's downturn in equities, there seems to be strong bullish entities remaining. >> the earnings have been strong on an eps spaces and these revenue beats -- 81% of the companies in the s&p 500 have reported to have beaten revenues -- so there is a lot of optimism built going forward. the s&pthe drop today, is still up 7% on the year, whic

this would be the longest both indices have gone at the beginning of the year without suffering a losing streak of any length nasdaqsession highs right now. health care and tech are the leaders. >> the oil market closing for the day as well. prices for crude firming up after hitting a new three-year high in the previous session price of a barrel of crude oil just over $66. oil now up almost 10% on the year as well so watch gasoline prices in the meantime, we have breaking news on airline maker bum bard yae let's head to phil in chicago. >> this is a huge win for bombardier, the u.s. trade commission has ruled in favor of bombardier by a vote of 4-0. a unanimous decision that the proposed tariffs or i should say the sale of the c-series planes to u.s. airlines and delta is the main customer, they have ruled against boeing saying it would not, would not injure boeing and therefore, they're basically going against the proposed 292% proposed tariffs from the commerce department. remains to be seen what is the next step, but this is a big win for bombardier many people did not think they would win this many people thoug

the dow about the same, losing about 100 points in the last 15, 20 minutes as traders try to close out the position for the year. year to date through 2017, the s&p,the dow, and nasdaqere up about 25%. russell 2000, the was up about 14% year to date. green across the board. absolutely. looking for fresh drivers as we go into the brand-new year, tax reform getting done. interesting if trading does get underway in asia. it will be a truncated start because look at the markets that are still closed. no trading when it comes to new zealand, thailand and the philippines -- all close for the new year's holiday. it does look like a holiday start as it comes the volumes for the next year. points on the downside when it comes to sydney's futures, building on a very subdued end when it comes to the last trading day of the year. gains over thee past year. aussie-dollar, 78.05. up 8% in the last year. it will be crucial to keep an eye on what happens to the u.s. dollar given the data off payrolls on friday. watching the aussie today as we get the pmi set of numbers through china. taking a look at commodities -- gold up almost 1%. up to $60 a barrel mark, gaining 1%. oil futures

the ft-se's fourth straight losing session. and u.s. equities continue in the red down about 82 on the dow. >>> and still ahead, an exclusive with the ceo of nasdaqs the ipo market is looking up in 2018 plus, another check on the major averages at this hour. the dow having the worst day of 2018 down about 83 points sending a record high shortly after the open other indices just about flat. stay with us and the wolf huffed and puffed... like you do sometimes, grandpa? well, when you have copd, it can be hard to breathe. it can be hard to get air out, which can make it hard to get air in. so i talked to my doctor. she said... symbicort could help you breathe better, starting within 5 minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. symbicort helps provide significant improvement of your lung function. symbicort is for copd, including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort contains formoterol. medicines like formoterol increase the risk of death from asthma problems. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. you should tell your

the dow jones losing almost .5% dropping 100 points. the story is the same percentage wise at .5% dropping on nasdaq and s&p.>>> keurig is about to becomeant in the beverage industry. keurig is buying dr pepper snapple group and will bring in $11 billion in sales every year. the new company will include dr pepper, 7-up, snapple, sunkist and keurig coffee makers. shares have soared more than 36% since the opening bell, shareholders will get a special cash dividend and will keep 13% of the company. >>> wednesday is the last day to get a free credit freeze from equifax. in september equifax announced it had been hacked and personal information of millions was compromised. it offered a free credit lock allowing people to block access to their credit history. denying thieves the ability to open fake accounts. the deadline to ask for the freeze is wednesday. >>> the military has concerns over fitness trackers that could be giving away sensitive information. gps tracking companies draw the user data to map out where the devices are used most. looking at san francisco you can see the information on the map and it seems harmless as people are wa

continuing their declines, the dow is now on pace for its biggi drop right now it's down by 386 points, down by as much as 100 s&p 500 down by more than a full percentage point nasdaq is losingbout a percent. health care and energy are your lag guards the steel stocks in particular taking a heart hit this is the highest left sings august, getting whacked with more on this >> that story playing out as well, but on the price action here with cryptocurrencies, hovering right now just above the 10,000, so a clonalically significant level, that 10,000 market it did dip below there at a couple points in the last half hour or so hovering right around 168. so tyler, as we talk about the cryptocurrency side of things, they are not immune. back over to you >> from the crypto desk,dom, thank you. >>> president trump has pushing for a 3% economy he didn't quite get there in 2017 steve liesman that are our -- >> he's going to be close enough to rock and roll, as we say. now looking at a year-over-year date but the survey shows 40 respondens, that the and you can see that the chance of recession next year, or in the next 12 months is now the second lowest we have ever recorded. the lowest

the dow jones is losing about one-half of one percent, down 140 points. and the s&p has lost one 1/2 of one percent. the story is very similar, not on the nasdaq, pardon me, the nasdaq is up by almost one 1/2 of one percent. >>> music publishers and song writers will get more money when their music is played on streaming services. a federal copyright board has raised the royalties companies including pandora, google, apple, spotify and more play when streaming music and they pay 10.5% of revenue to song writers and publishers and now that will be slightly more than 15%. that will help close the gap between what streaming services and record labels pay. >>> last night the grammys returned to new york to celebrate its 60th year. after spending 15 years on the west coast. >> and as ashley divorkin explains, the night not only brought out big named stars but big message sphrs from white roses on the red carpet to messages on the grammiy stage. musicians are shares how they feel this this -- are sharing how they feel in this moment and many have a lot to say. ♪ changes. ♪ changes. >> a powerful performance by kesha. her song, train. backed by a cho

the day in record territory, but down today. dow jones off 81 points and nasdaq and s&p 500 are also losing some ground. >>> toyota and honda recalling more than a million more vehicles to replace takata airbags that's defective and potentially deadly. a new row call comes after takata says 3 million morin flaters are defective and they can explode and shoot metal pieces into the car at drivers and passengers and 20 people died and more than 280 injured. car owners will be notified about where they can get the replacements installed. >>> a glitch in a dog walking app led to the release of its customers records and the wag lab dog walking app mistakenly exposed web pages including information and lock box codes that can -- the information was on obscure pages on the company's website that were not password protected. it isn't clear how long the pages were accessible or if the information was used in the malicious manner. >>> 6:45. world report released its list of the best overall jobs for this year for the first time for 2015. a health care job cannot top the list and software developer was number one. still, health care jobs dominat

lose weight and that sent a diet stock soaring on wall street. that tops our market watch report. maribel aber live at the nasdaq in times square.morning, maribel. >> reporter: matt, he calls himself a music mogul. weight watchers gets another celebrity endorsement. dj khaled has signed on. the music producer says he's lostwatchers and letting his millions of social media watchers know all about it. weight watchers had benefited from oprahuny. the news of dj khaled's involvement sent stocks soaring. stocks kicked off the first trading day of the yu near with another round of records. the nasdaq soared 127 points to close above that 7,000 level for the first time. looks like futures are pointing to a higher open. reports on motor vehicle sales construction spending and the minutes from the last fed meet regular all due out today. that's the latest in biz. stay warm guys. >> we'll do our best. stepping out your front door it's not going to work. >> not this morning. it's cold again to start out. we expected this. things are going to moderate this afternoon and then we get a nor'easter. storm tracker6 live double scan right now sho

lose. the powerball jackpot is an estimated $440 million. it's a shrewd investment. >> it is a get rich quick scheme that will fail unless you win. >>> global stock markets mostly higher today. the nasdaq hit recorders on the first trading day of 2018. the nasdaq crossed 7,000 for the first time. a surge into the new year. in fact, it's been just over eight months since its last milestone. that's a pace not seen since the days of the dot come boom. five companies alone contributed more than two thirds of the nasdaq's 1,000 point rise. helping the nasdaq to jump 28% in 2017. the u.s. dollar is starting off 2018 at a three month low. it fell for most of last year dropping mostly 10% in 2017. it plum meted despite factors that drive up the dollar. but experts say it's from dimmed expectations for the tax bill economic impact. so watch the dollar here beginning the year at a three month low. >>> spotify is being sued over copyright violations. a leading music publishing company is suing spotify for allegedly using more than 10,000 songs without a license including tom petty, neil young, the doors. they're seeking damages of $150,000 per song. that's the maximum award possible under law. >>

lose in the government shutdown the costly details of that are ahead. first, as we head to break, a look at u.s. equity futures are lower. dow wer lo49 points although the nasdaqitive we'll be right back. ♪ ♪ ♪ >>> back to work on this monday morning. good morning, welcome to "squawk box" right here on cnbc live from the nasdaq market site in times square among the stories front and center, one of the more significant earnings reports will come out this afternoon that's when netflix reports after the closing bell analysts think netflix will report profit of 41% per share on revenue of 3 point be point $3 billion investors will be keeping a close eye on the company's subscriber numbers. >>> the largest east coast refining company is filing for chapter 11 bankruptcy protection philadelphia energy solutions says it's been hurt by the costs of regulatory compliance it has secured $260 million in new financing and says it doesn't expect the filing to have any immediate impact on its workers. >>> xerox is being pushed to explore a possible sale this morning. "the wall street journal" says that that push comes from activist investor carl icahn and darwin deason. betw