are exceptions it is the first mandate of its kind in europe tyler, back to you. >> thank you rahel solomon>>> ahead on punch, a pello-ton of trouble peloton halting production of its bikes and tread mills as demand wanes according to a cnbc exclusive report next we will sakpe with an analyst who is bearish on the stock. he was with us last week we will probe his thinking even more today our clients come to us with complicated situations that occur in their lives. for them it's the biggest milestone, the biggest accomplishment, the sale of a business, or an important event for their family. for them, it's the first and only time. we have seen this literally thousands of times, in thousands of iterations. ♪ ♪ i am vince lumia, head of field management at morgan stanley. whether that's retirement, paying for their children's college education, or their son or daughter getting married, our financial advisors need to make sure that they are making objective decisions, every step along the way. every time you hit a milestone, an anniversary, a life event, the emotions will run high. making sure

we'll go to rahel solomon who has the headlines. >> here's what's happening at this hour. >> presidentted to go to capitol hill tomorrow to discuss voting rights and potential changes to senate rules. multiple reports say he will attend a caucus lunch to drum up support for election support. >>> on capitol hill rate now harry reid is lying in state colleagues and friends are gathering to pay tribute to the five-term senator. reid is the 41st person to be give then honor. >>> number one ranked tennis player novak djokovic said he did not isolate after testing positive for covid and it was an error in judgment. there were mistakes made on his australian immigration forms and the comments were part of a statement from djokovic seeking to simplify the open tournament. >>> a rat finding mines has died he was awarded a goad medal for his efforts and called a hero. one rat can clear the area the size of a tennis court in about 30 minutes a human, meantime, with a metal detector takes up to four days the more you know, scott i'll send it back to you >> rahel solomon jon has his unusual trades

but first a news update with rahel solomon. >> good morning.e is what's happening at this hour. a record 4.5 million americans quit their jobs in november. another sign of worker confidence and tightness in the labor market job openings fell to 10.6 million but that's still high by historical standards. >>> u.s. manufacturing activity slowed in december and was weaker than forecast the ism manufacturing index dropped to its lowest level since late january, but there are indications that supply constraints are easing >>> input costs for factories posted biggest monthly drop since early 2020. >>> oil prices are rising this morning. brent crude above $80 a barrel opec and allies agrees to remain steady output. >>> toyota was the best selling auto brand in the u.s. last year beat out general motors for the top spot that's a distinction that gm has held for 90-consecutive years, carl apparently the issue was that toyota was better able to manage supply chain issues better than gm so, proof is in the pudding, i guess. back to you. >> indeed. thank yo

rahel solomon. mr. wonderful, kevin o'leary, i want to go through your picks now.mber one. bitcoin has been volatile lately speaking of volatility in the markets and it's pulled back quite a bit and why coinbase bitcoin has been very volatile and so if you want to play in the crypto and the digitization of payment universe you want to find the exchanges that are indifferent to volatility that pick up eight to 20 with every trade regardless of price. in fact, volatility is your friend and the stock has had a really rough go of it that they just purchased the derivative exchange and it's very lucrative and very good in volatility and my theme on crypto is no longer by bitcoin i've been around the world and finding companies that are public that are given licenses for exchanges and the united arab emirates they granted tw licenses and in canada, they've allowed for two different etfs and one with ethereum and bitcoin and they just granted the very first license and a company bought it out last week and everywhere i'm going to go, the number one right now that's public

now to rahel solomon for a cnbc news update. >> hi, kelly >>> here is what is happening at this hour. ohio supreme court rejected a map for the state calling it gerrymandered. it is sending it back to the ohio redistricting commission to submit a new plan complying with the state's kpungs >>> new york congressman john katko says he will not run for reelection he was one of 10 representatives who voted to impeach former president trump. he faces at least one primary challenger for his seat. >>> federal prosecutors are recommending that the justice department drop charges against m.i.t. professor chin over his ties to china. the potential dismissal of the case marks the latest setback to a crackdown on chinese influence within u.s. research >>> and in italy silvio berlusconi, a step closer to becoming the president he will be supported in upcoming elections, but commentators say he is unfit for office due to his tax fraud conviction and the sex parties he held while he was prime minister >>> on the news, code tests and scans on th

rahel, i appreciate that very much rahel solomon.heck the marks as we stay on top of this sell-off particularly on the tech side. the nasdaq is at the lows of the day down 240 points and interest rates not the culprit today because the yield on the ten-year is 172. i'm looking at stocks like nvidia down 4% and some of the larger cap technology stocks are the ones to keep an eye on at this moment. apple is down a percent and google is down we left off our conversation, kari, talking about peloton which i wanted to continue it's gotten hammered, as you know and i don't mean to rub it in or anything like that it's down 80% in the last year we questioned it so many times holders of the stock, do you still believe in it? should you stay in if you got in during the pandemic. you sold completely out of it and not suggesting that it happened today or yesterday, but it happened recently enough they think we should talk about it. yeah sure scott, despite the fact that we still love cody, jen and ben, yes, we did sell the stock and part of it i

i'm rahel solomon. here is our cnbc news update at this hour. liberal supreme court justice stephen breyer will retire after 27 years on the court he's expected to step down in june at the end of the court's current term biden has pledged to appoint a black woman to the court his choice is expected to maintain the 6 to 3 split of conservative and liberal justices and on the news tonight, who might take breyer's place on the supreme court a look at candidates and the coming nomination fight at 7:00 eastern. >>> russia threatening retaliation if the u.s. and nato do not meet its demands on ukraine. military vehicles are moving to the region bordering ukraine in the last hour the u.s. ambassador to russia formally delivered america's response on those demands to russia's foreign ministry. >> and the u.s. embassy in ukraine urging americans to consider leaving the country now. the embassy says that the security situation continues to be unpredictable and could deteriorate with little notice scott, i'll send it back to you. >> thank you, rahel solomo

thank you, rahel solomon all right.on deck tonight, can they be any bigger than they are tonight? microsoft delivered, the pressure was on. degas, is apple going to live up to the expectations this time? $160 is where we currently trade and 161 before we find out the results. >> scott, i believe apple's going deliver. it has a very strong business model as we look at the valuation for the company, we like the price at these levels and we feel that is going to continue to do well. the expectations for growing revenue and earnings is there and ultimately, profitability and the most of any of the technology companies and we are definitely positive and like apple. >> pete, i know everybody likes apple. no one will come on today and suggest they don't like it i don't need to know how much you do like it, but good do the results necessarily have to be and the kind of tape which we find ourselves in? >> well, i think that if they're able to do something even close what microsoft came off with, then i think things will be very

now back to you. >> spring training not that far away rahel solomon.h, let's talk about a couple of buys first and then we'll deal with a sell dutch brothers coffee. why did you buy that bros is the ticker >> so this is a name that i watched them go public i saw a little bit about it and i've seen locations and they're not really stores, they're more like stands, right i've seen locations and just a line of cars waiting and i was, like, what is that and then they went public. i forgot all about it and it was a hot ipo, and my friend ron derush in florida reminded me. keep an eye on that dutch bros this stock to me could be the start of one of the next truly great quick-service brands they're not competing with starbucks. i think a lot of people have that wrong only 16% of their sales are hot coffee what they're really doing is a phenomenal job at building a relationship with customers, leaning in on service and getting people through these drive-throughs very quickly and the energy drink is the star of the show it's called blue revel and there are seve

. >>> welcome back i'm rahel solomon and here is our cnbc news update at this hour the s.a.t.going digital starting next year today the college board is announcing several changes for the entrance exam taken by millions of high school students each year. they'll be answering questions on a digital device for two hours instead of the current two-hour paper test, but students still have to go to a school or testing center the test cannot be taken at home >> altimeter use at airports the move will allow about 90% of american commercial planes to make low-visibility landings and the new 5g zones athens still digging out after a rare snowstorm that trapped thousands of people in their cars on a major highway. overnight business the storm hit much of greece and turkey dropping two and a half feet of snow in some places. boris johnson says he welcomes a new police investigation into whether several events, some have characterized as parties involving his office staff violated covid lockdown rules. already the subject of an internal government probe with a report expected within days.

morgan >> rahel solomon, thank you.e head to break here all the major averages lower again today. the nasdaq is suffering the biggest losses, down 2.2%. the s&p down about 1.6%. 4601 the level there and the dow down 466 points. about 1.3% every sector in the s&p in the red with consumer discretionary, tech and communication services names suffering the biggest losses. stay with us. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> we continue to watch the sell-off, early morning low appeared to have just been below 4600 nasdaq leading the major indices. cloud stocks and fin technology with the biggest losses, cathie wood the arkk fund under pressure basis bob pisani has all the moves. >> the important thing is while this is a tech decline, 5 to 1 declining to advancing stocks. th

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour.sending federal medical teams to overburdened hospitals in six states to try to help them handle the surge in covid cases. he is scheduled to announce the move shortly the states are new york, new jersey, ohio, rhode island, michigan and new mexico. biden wants the government to buy 500 million additional covid tests. >>> russia is threatening to send military assets to the western hemisphere if tensions over ukraine are not resolved. in a television appearance the official who led russia's delegation in monday's talks with the u.s. said that he would neither confirm nor exclude the possibility of russian military deployments in cuba and venezuela. moscow wants a guarantee that ukraine will never join nato the u.s. and allies reject that demand. >>> and novak djokovic hit balls today as the government decides whether it will deport him djokovic won a court decision to allow him to stay in australia even though he isn't vaccinated against covid and the government said that ruling was on

let's get the headlines now with rahel solomon. , scott here's what's happening at this hour president biden warns any russian troop movement into ukraine will be considered an inval invasion and he's made that clear to president putin a minor incursion might trigger a smaller response from the u.s. and nato allies. >>> the cia now saying that most cases of havana syndrome were probably not caused by a foreign adversary. most cases that have been reviewed have been linked to known medical conditions or environmental factors. hundreds of american officials have attributed symptoms to brain injuries and the first at the u.s. embassy in havana >>> a federal trial in connection with the death of george floyd they are charged of depriving floyd of the constitutional rights while acting under government authority and near tahiti, a pristine coral reef has been found that appears to be untouched by climate change researchers say the two-mile long reef is deeper than most and it may be protecting it from the bleaching effects of ocean water

let's get to rahel solomon for a news update. y >>> here is what is happening at this hour. a new unionization vote scheduled for a warehouse in alabama. ballots will be sent out on february 4th and counted on march 28th the new vote was scheduled after amazon was found to have violated labor laws during last year's union election. >>> president biden prepares for a major speech on voter rights this afternoon senate minority leader mcconnell once again threatening retribution if the senate filibuster rules are changed >>> on the news tonight, biden's latest push to push election laws and why republican opposition remains strong. that's tonight at 7:00 eastern >>> the justice department establishing a special unit focused on domestic terrorism. the department's top national security official says that the country faces an elevated threat from home-grown extremists he says that the number of fbi investigations into suspected domestic violent extremists has more than double it since 2020 kelly, back to you >> rahel, thank you. >>> st

. >>> welcome back i'm rahel solomon.t sunset today the coast guard will suspend the search for migrants on a boat which capsized between the bahamas and florida. 34 people are unaccounted for. >>> defense secretary is ordering pentagon officials to step up efforts to prevent civilian deaths and stressing the protection of innocent civilians is success to the operations the newspaper published investigations into cover-ups of air strikes that killed civilians jirkts a man and a teen will be held in the shooting death of 58-year-old girl walking with her mother in chicago. the suspect showed a disregard for human life and police say the teen fired at a rival gang member >>> and as a major snowstorm approaches new york stock exchange towns say they don't have trucks and drivers for the plows and franklin, massachusetts, the public works department offering as much as $200 an hour tyler, the labor shortage strikes again. >> why don't we just rent a truck and drive up there >> while the wage sounds very interesting, i don't d

. >>> welcome back i'm rahel solomon. a new revelation today about boris johnson. reports in june 2020 up to 30 people attended what it calls a birthday party in the cabinet room at the time the uk was in a lockdown the johnson office said that the staff gathered briefly after the meeting and that he was there less than ten minutes. he faces calls to resign. >>> a woman is dead, three wounded after a 18-year-old german student fired at a university lecture hall. >>> the supreme court will hear arguments in a case that could end afoirmtive action admissions harvard and the university of north carolina are accused of discriminating several justices joined the court since it rejected a challenge back in 2016. >>> a world health organization official said immunity of omicron infections is a cause of hope. >> we can all hope for that. >> sure can. >> thank you. >>> let's check the markets. if you dare. send the children away all three indexes are down about 2% but that's not the half of it. it is the half of it if you think act it. one point the industrials down 1100 no

. >>> welcome back i'm rahel solomon. house says it's worried about what it called a surge of 5,000 russian troops into belarus. russia released video of the troops arriving there for what it calls joint military drills. >> we feel it's important to be open and candid about the threat from russia. we have been saying for more than a week that russia could invade any time. >>> moderna's covid vaccine now fully approvaleed by the fda. >>> ottawa's mayor protesting truckers to leave. what's been called a freedom convoy is blocking traffic and apparently making noise for a third straight day and protesting against a new rule requiring truckers in canada to be fully vaccinated. >>> canada, of course used to cold weather to the south residents of cuba also getting a taste of sub freezing temperatures and don't like it. nor do i a cold front pushed temperatures into the 20s a resident of havana said this is not normal. kelly? >> not in the least. >> i don't cry for them. >> i have real ties on the east coast of 30s and it is in

the s&p and the vix still elevated near 35 let us squeak in -- sneak in a quick news update with rahel solomon. hi, rahel. >>> today's sell-off getting added fuel from a report that u.s. business activity barely grew in january. pmi index fell to its lowest level in months. >>> crude dropping as much as 3.5% before rebounding oil prices are also being pressured by a stronger dollar. >>> energy stocks some of the biggest losers all s&p 500 energy stocks are down even halliburton, which beat earnings estimates and doubled year ago profits with help from rising oil prices. they also hiked its dividend by more than 160% the only big winners today is kohl's the retailer surging 30% the firm sycamore partners offering more than $9 billion for the company. now you're up to date. jon, i'll send it back to you. hopefully that was quick. >> very quick and very valuable. thank you. >>> the nasdaq, meanwhile, down more than 3%, back near the lows of the day meme stocks and ark funds both falling hard today and in the past few weeks what a difference a year makes dom chu, what's with this move >> you take

. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. justice department says that it will appeal today's ruling by a federal judge that blocks president biden's covid vaccine requirement for federal employees. the judge said that given the supreme court's recent ruling against the vaccine requirement for prooirt private employers it is in his words a bridge too far to force government workers to get the shot it is noted 98% of those employees are already vaccinated. >>> a texas private school is asking parents to become substitute teachers so it can remain home because so many of their regular teachers are staying home because they or someone in their household has covid. >> one mother says she raised her own children and now she is interacting with ten to 12 more kids than she issed used to. and she says it is a lot of juggling. >>> this mother is only responsible for her two offspring and they don't seem to have problems keeping themselves amused a. german zoo released this video of twin polar bear cubs when they were born, they weigh

." >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. in the leadup to next week's u.s./russia talks on ukraine, secretary of state antony blinken met with germany's foreign minister to present a united front they both see russia's actions a challenge to peace and stability in europe. >> we condemn russia's military build up ukraine's borders as well as moscow's increasingly harsh rhetoric as it continues to push the false narrative that ukraine seeks to provoke conflict with russia that's like the fox saying it had no choice but to attack the hen house because the hens started it >>> violent protests in kazakhstan were paernt apparently sparked by the government's plan to raise the price of fuel. >>> lawrence brooks was 31 years old when he served in the u.s. army during world war ii when it was still segregated today he died at the age of 112 as the nation's oldest living miller the veteran when asked when was his secret to longevity, he always answered, to be nice to people that's always worth repeating. >> very sweet. what a life. ra

. ♪ chicka-chicka >>> welcome back i'm rahel solomon.hour ago president biden visited the site of today's bridge collapse in pittsburgh he was in the area for a previously scheduled program biden agreed with the first responder saying it was a miracle no one was seriously injured or killed. >> i didn't realize there's more bridges in pittsburgh than any city in the world. more than venice i mean, i knew there were a lot of bridges i had no idea. we'll fix them all not a joke this is going to be a gigantic change. >>> pittsburgh officials say that five vehicles and a bus involved in that collapse. four people sent to the hospital but they have my mor injuries. national transportation safety board is beginning the investigation. >>> defense secretary says that the u.s. is focusing on countering russian disinformation including anything to justify an invasion of ukraine encouraging russia to engage in dialogue and diplomacy. here's hoping. >> thank you >>> time now for the power movers of the day. last one of the week, ladies and gentlemen.

. >>> now to rahel solomon for a cnbc news update hi, rahel. >> hi, kelly here is what is happening ats hour. >>> we begin in new york city where the death toll from the massive apartment fire has been reduced by two to 17 people. dozens of people were hospitalized the mayor, eric adams, says the impact of the fire is far reaching >> not only did this fire leave a burning pain in the hearts of people in this community, but it has left a burning pain in the children and the teachers and the faculties of this school >>> on the news tonight, searching for reasons why the fire spread so quickly and what could have limited the damage. that's tonight at 7:00 eastern >>> u.s. health secretary xavier bo sa bow b boceres calls on medicare to reexamine. miami dolphins fired head coach brian flores after three seasons. the dolphins lost seven consecutive games early in the season minnesota vikings and chicago bears have sacked their head coaches and general managers with both teams failing to make the playoffs cut throat, kelly. back to you. >> no word on the giants, rahel? >> not from me >> rahe

first the update with rahel solomon. hi >> hi, carl. record home sales inflation on the rise, median price rose 16% last year to $358,000. jobless claims also jumping with 286,000 in the latest week be economists say, however that the recent surge is temporary and driven by the latest wave of covid cases. american airlines lost less money than expected last quarter but omicron has slowed its recovery and cost pressures. american's stock pell 3.5% this morning is now up slightly on the day. and shares of baker hughes jumped more than 5%. despite the earnings miss. higher oil prices and driving drilli ing demand and service and this year, tight supplies of oil and natural gas. carl, back to you. >> rahel, thanks >>> got key antitrust legislation on the hill today with the support of a new coalition of smaller tech companies that are hoping to break up the giants. our ylan mui has the story >> the techcompanies have support for big tech rivals like sonos, basecamp, youqrora. gem cattic senator amy klobuchar the lead sponsor of the bill sai

let's get to rahel solomon for a cnbc news update rahel. >> heel, kelly >>> here is what is happeningour. joe manchin says there's no current discussions under way on president biden's build back better plan. talks collapsed last year. a new poll finding sharp differences between how democrats and republicans view the january 6th riot on capitol hill 4 in 10 republicans say that the insurrection was very or extremely violent versus about 90% of democrats who hold the same view. several people died as a result of the riot and scores were injured including more than 100 police officers. >>> british prime minister boris johnson says there's a good chance more covid restrictions will not be needed to combat the latest surge in covid cases. johnson says that the country can ride out the omicron wave, but he sees the coming weeks will be challenging. on the news tonight, hundreds of motorists stuck on a snow-bound meteor way in virginia what is being done to help them and what can be done to make sure it never happens again. that's tonight at 7:00 eastern one motorist saying what was suppos

." >>> rahel solomon with a cnbc news updays. >>> happening this hour, prince andrew stripped of manys the queen has taken back all military affiliations. prince andrew no longer referred to as his royal highness and in any official capacity. buckingham palace saying the prince will defend himself as a private citizen against a sexual abuse lawsuit. >>> and responding to calls from the republican national committee for candidates who avoid the traditional election debate the commission says it deals directly with candidates who qualify for debates and that its plans for 2024 base onds fairness and neutrality. >>> arizona senator kristen senma will now support voting legislation moving forward her opposition dooms the election reform push, unless republicans vote for it. >>> on the news tonight, white house minority leader kevin mccarthy says we will not be interviewed by the january 6th panel. that's tonight at 7:00 eastern. >>> and 2021 was the sixth hottest year on record that researchers say it wasn't far behind ultra hot 2016 and 2020 the last eight years hottest years since the l

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. health experts who advised president biden in weeks before his inauguration are now calling on his administration to change its covid strategy an opinion article was published in a medical journal they argue the virus cannot be completely eliminated so the government should focus on efforts to mitigate effects amid their recommendations, testing and vaccine mandates. >>> liz cheney's father visited the house floor with his daughter today as he was leaving, he said, quote, it is great coming back, they are doing a hell of a job and i am here to support it. he also said that the current gop leadership does not resemble any of the people he knew when he served as a represent any the yaetsds. >>> and director peter bogdanovic died. his film" the last picture "the news with shepard smith"" was nominated for oscars he directed paper moon also. >>> the idea of bitcoin as an inflation hedge took a bit of a hit yesterday when bitcoin tumbled after the fed's hawkish minutes were released in our

time for a news update with rahel solomon. >> hi, wilf. here's what's happening.ity, a second officer has now died after being shot while responding to a domestic disturbance call. he died four days after being critically injures a memorial to him and his partner has drawn dozens of police, clergy, and community members pay their respects antivaccine activist robert f. kennedy jr. has apologized for suggesting that things are worse for people now than they were for anne frank during the holocaust. kennedy made the comments during a rally against vaccine mandates in washington on sunday. this is the second time that kennedy has apologized since 2015 for referencing the holocaust while criticizing the use of vaccines. >> and new orleans saints head coach sean payton leaving the team after 15 seasons, according to multiple reports. he led the saints to the playoffs nine times and coached them to their only super bowl victory in 2009. he is said to be reportedly retiring which it sounds like he deserves back to you. >> absolutely. rahel, thank you rahel solomon. >> we

. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. irs wants to make online access to tax records more secure starting in the summer, the documents will only be available after signing in through the id .me identity verification service. to set up an account users must provide documents and a video selfie. >>> a worldwide organization committee says international covid travel bans should be eased or shrifted because they do little to slow the spread of the coronavirus. the committee says that the global community should instead focus on raising vaccination rates above 70% in all cases. >>> and rapper cardi b. says she will pay the fun lal costs for all 17 people killed in a bronx apartment myer daddy b shy says she is proud to be from the bronx and when she heard about the tragic fire she knew she needed to help. a real super star on and off the mic. >> that's admirable. that was horrible news from the bronx there. >>> let's get to dom chu for a market flash. >> gains in fintech names. financial technologies they have been under press

bllear debate what a tussle it will be the tour dee fight, when we return >>> welcome back i'm rahel solomoncnbc news update at this hour. in the wake of what appears to be the end of the line for his voting rights initiatives in congress, president biden is ryelighting his plan to rebuild the country's infrastructure at a white house event just over an hour ago he announced the first $5.5 billion for the first year of the program to repair and rebuild bridges. >> there is a lot of talk about disappointment in things we haven't gotten done. we are going get a lot of them done, i might add. but this is something we did get done and it is of enormous consequence to the country. >>> at a probable cause hearing in wisconsin a judge ruled that a man accused of driving his suv through a holiday parade in late november will stand trial. darrell brooks jr. faces 77 counts he faces a mandatory life sentence if squikted on even one of those counts. >>> proud boy leader was arrested two days before the attack on the capitol and walked out of jail on bail today. >>> time now to track the teach tracker.

let's get to rahel solomon for a cnbc news update hi, rahel. >> hi, kelly >>> here is what is happeninge texas high schools have been locked down in dallas police say they're investigating unsubstantiated threats. police say they've dispatched a large number of officers to the schools out of an abundance of caution. no details on the nature of the threats or how there were communicated >>> ford is recalling about 200,000 cars in the u.s. to fix a problem that can stop the brake lights from turning off. it covers ford fusions, lincoln mkzs and certain 2015 mustangs >>> ka natdan fashion designer peter nygard has been denied bail he is facing sexual assault and forci forcible detainment in canada. >>> president biden holding his first news conference of 2022. we will break it down tonight. >> that news conference coming up in a couple of hours time >>> still ahead, airlines and aluminum, united american and alcoa getting ready to report results. we have the ago summon, the story and trade on all three stocks "earnings exchange" is next. >> cnbc trend tracker is sponsored by cem group >> c

visit indeed.com/hire >>> welcome back i'm rahel solomon.s your cnbc news group date at this hour the nation's budget deficit dropped sharply last month as tax revs grew and spending eased. $21 billion in december. deferred payments of employer payroll taxes were due, fuelling a 47% increase. >>> the u.s. army raising the recruiting bonus to $50,000. it had been $40,000. it will be offered to highly skilled recruits who join for six years. >>> members of the teachers union said they would only work remotely they didn't get that concession but did get an agreement for enhanced covid safeguards in schools. >>> twin seven-month-old pandas made their debut today in a tokyo zoo. the zoo is essentially closed because of covid restrictions. the mother and babies will be viewable for only two hours per day for the next three days. viewers won their tickets in a lottery and they will get one minute to view the pandas. before they made their debut the pandas were exposed to sounds sounding like people were around them so they wouldn't be traumatized.

i'm rahel solomon. here's your cnbc news update at this hour. the founder and leader of the oath keepers militia group has been arrested by the fbi stewart rhodes is charged with seditious conspiracy in connection with the january 6th attack on the capitol. rhodes did actually enter the building but the government says he helped plan the vie license. >>> president biden is now meeting behind closed doors with senate democrats after arriving on capitol hill about an hour ago. he wants them to ease the filibuster rule that allows the republican minority to block the voting rights legislation. even before he arrived arizona's kristen sinema said she's not on board. and the rule can't be changed without her. >>> the democrats may have trouble bringing any voting bills to the floor this week senator brian schott says he has a breakthrough covid infection he has no symptoms but needs to isolate. if all democrats are not present they will be short of the 50 votes they need to do something. >>> here's body cam video of a miami-dade marine patrol officer

. >> rahel solomon, thanks so much >>> in beijing, the olympic bubble is very serious athletes and visitorspletely cut off from the general public. and their hotels guarded around the clock. but covid is covid and cases in the bubble have already begun. what happens to the athletes who test positive? >>> plus the next big name entering the space race isn't a billionaire or celebrity y yo a car cpa new year, new start. and now comcast business is making it easy to get going with the ready. set. save. sale. get started with fast and reliable internet and voice for $64.99 a month with a 2-year price guarantee. it's easy... with flexible installation and backing from an expert team, 24/7. and for even more value, ask how to get up to a $500 prepaid card. get a great deal for your business with the ready. set. save. sale today. comcast business. powering possibilities. >>> the opening ceremony for the winter olympics less than a week away in beijing. athletes are arriving in china to some strict covid rules they're barricaded inside a bubble the chinese officials say there's already been an outb

i'm rahel solomon and here is your cnbc news update at this hour the new york attorney general tishaes is disclosing new details into her civil investigation into form donald trump. the evidence suggests that the company put fraudulent values on multiple assets and misrepresented those values to financial institutions th these events took place when donald trump, ivanka trump were in charge. this comes as johnson continues to face calls to resign from other members of his parliament. one conservative member telling johnson in the name of god, go johnson is currently embroiled over controversy that he lied about hosting staff parties during england's strict covid lockdown period. >>> major airlines around the world are rushing to cancel or change flights to the u.s. as the rollout of a new 5g wireless service spikes safety concerns that comes as verizon and at&t agreeing to temporarily limit the launch of the service around some airports. airline executives warn that the 5g service can cause disruptions and potentially interfere with radio signals. with more on specific news that air

first news update with rahel solomon. >> here's what's happening big win for boeing allegiant is buyingd now the company has used airbus planes boeing is up 2% today and among the stocks leading the dow >>> winter weather in parts of the country helping drive up flight cancellations again more than 1,400 u.s. flights have been canceled so far today close to yesterday's total southwest has the most canceled flights with 455 according to tracking site flight aware >>> the u.s. added more than 800,000 private sector jobs in december adp monthly job survey showed more than twice as much job growth stocks are mixed as traders wait for the jobs report on friday. >>> and kfc, kentucky fried chicken will start selling meatless fried chicken from beyond meat. the new item goes on sale on monday at 4,000 locations but they will only be available for a limited time beyond meat shares are up 2% today but are still down about 50% over the last year and for what it's worth, deidre, i'm very excited about this news the only reason i go to burger king is for the impossible whopper. listen, i'm here for

first, let's get a news update and rahel solomon has that for us hi, r, ahel. >> bank of america and morgan stanley up 2%. bank of america getting help from strong loan growth and m&a deal volume. morgan stanley rose on m&a activity and growth and fees on managing assets for wealthy clients. >>> shares of procter & gamble moving higher and better than expected earnings and boosted growth forecast. it was successfully able to rise prices >>> housing starts rose 1.4% in december and third straight monthly rise economists have been expecting a slow down building permits also increased seeing the highest level in nearly a year >>> reuters news reporting that tennis star novak djokovic bought 80% of the danish biotech firm that is developing a treatment for covid. making the announcement just days after australia revoked his visa preventing him from playing in the australian open tournament back to you. >> thank you very much. >>> giant stock swings to start this new year with turbulence and tech definitely leading the way. nearly 40% of the stocks in the nasdaq are cut in half from their

seeing in crypto and why leverage may be to blame in a minute first, though, a news update with rahel solomon, carl, good morning. here's what's happening at this hour stocks pivot up much of their gains following inflation report and treasury yields are still lower. surging prices for cars helped consumer prices jump 7% from last december and that is the biggest increase since 1982 and also in line with forecasts. president biden notes that gasoline prices fell in december and the overall report shows progress is slowing inflation. however he also says much more work to do >>> morgan prices shot up. that's about 3.5% for the first time since the beginning of the pandemic however, mortgage demand also rose last week head to cnbc.com to find out why. >>> medical technology company philips is down 15% and on track for its worst one-day loss in over 15 years. q4 profits will miss guidance due to supply chain shortages. philips also expanded its ventilator recall. >>> shares of biogen are expanding. the stock down 9% after medicare officials say there will only be limited coverage for biogen's co

. >> rahel, appreciate it very much rahel solomon. energy, the best-performing sector of the year up 12%. the only positive sector this year that backs up a great year last year, as well. for more on how to make money, woe are joined by one of the successful commodity traders of all time, mark fisher, ceo welcome back >> hi, scott >> it's good to have you given where we are in the commodity space and i mentioned the kind of year that oil is having and let's take part of that complex first are we going to $100 is it a formality at this point? how do you see things? >> let me get to one thing before we get to that. what's interesting is we talk about the commodity markets and trading is that now all of these intra-day reversals that happen every other day in the futures markets are now starting to happen in the stock markets. so to me, what's interesting about what your panel has said is that the commodity markets are starting to trade where it's a buy the dip mentality while the stock markets are trading at the commodity markets and in

visit tdameritrade.com/learn ♪ >>> welcome back i'm rahel solomon and here is our cnbc news update at new york prosecutors have dropped a groping charge against andrew cuomo the person make bing the allegan is credible and there's not enough to make a conviction. cuomo, meantime, has denied the allegations. the cdc says the omicron variant now makes up more than 95% of covid cases. its rapid spread has pushed america to new records and daily infections with over a million confirmed yesterday. >> a judge dismissed a lawsuit over the band nirvana over the album cover, and she has nine days to refile a new complaint the washington football team is finally getting a new name team officials say, though that they will announce it on february 2nd the team gave up the redskins name in 2020 >> you are now up-to-date. more halftime report after this. >>> missed a show? don't sweat it "the halftime report" now hassa i podcast, market-moving intrie, call of the day, unusual activity and of course, ask halftime, look for us on apple podcast or your votefari podcasting app follow the halftime podca

analysts calling this a strong quarter for many we'll hear why a news update with rahel solomon. >> here's what's happening consumer sentiment dropped this month to the lowest in ten years. university of michigan lowering the reading in part due to rising covid and inflation concerns during december consumer spending fell 0.6% even though personal income increased. chevron shares following falling on disappointing quarter profits. despite rising oil and gas prices chevron stock price hit a record high yesterday and still up almost 10% this year >>> caterpillar leading declines on the dow falling 6%. although the dow high are. fourth quarter earnings strong but the equipment makerway warns margins could be squeezedly higher production and labor costs. visa meantime the biggest gain they are the dow extending gains following earnings after the bell and now up more than 7% some analysts raising the price targets following strong growth in travel and e-commerce spend ppg jon, back to you. >> rahel, thank you. >>> now let's take a closer look at apple earnings. our next guest has been bearish.

rahel solomon has that update. >> here's what's happening at this hour. financials playing heavily on stocks following disappointing quarterly results from some of the banks this morning jpmorgan the biggest loser in the s&p 500. faces a couple years below target returns and quarterly results did top estimates. citi down on higher expenses and weakness at its consumer banking unit and wells fargo with a 4% gain top and bottom results >>> blackrock down more than 2% and assets under management topped $10 trillion cementing its spot as the largest money manager. rising inflation concerns have pushed consumer sentiment back down the early january number is the second lowest in a decade. december retail sales were also down far more than expected. they fell nearly 2% as americans really struggled with shortages and higher prices. and manufacturing output also posted a surprise decline in september. the drop in auto plant production offsetting efforts to restock lean inventories in other sectors. you're now up to date. julia, i'll send it back to you. >> thank

but before that, a news update rahel solomon has that for us. >> i sure do treasury yields are pulling back sharply from recent highs. the ten-year is down 8 basis points to 1.3% and the two-year note has slipped back below 1% >>> the big gathering of political and business leaders in switzerland will be held in may. it has been postponed due to rising omicron cases >>> housing costs were higher in january. the biggest increase in more than two years austin, texas, saw the biggest increase with rent up 40% since last december. the average monthly mortgage payment rose 22% in the past year >>> banner year for partners at goldman sachs and other firms. compensation pool rose 40% to 50% this year. partners in tech and healthcare are reportedly making between 12 and $15 million. go to cnbc for more on the surge in pay and bonuses julia, i'll send it back to you. >> thank you, rahel. >>> let's turn back to netflix that stock down 22%. our next guest a bear turning more bearish and cutting his price target on the stock from $460 to $375 post earnings joining us now moffett nathanson founding

. >> rahel solomon, thanks so much >>> in beijing, the olympic bubble is very serious athletes and visitorsoff from the general public. and their hotels guarded around the clock. but covid is covid and cases in the bubble have already begun. what happens to the athletes who test positive? >>> plus the next big name entering the space race isn't a billionaire or celebrity billionaire or celebrity y yo a car cpa medusa lived with a hideous curse. uhh, i mean the whole turning people to stone thing was a bit of a buzz kill, right? so she ordered sunglasses with prime, one day delivery. ♪♪ clever girl. people realized she's actually hilarious once you get to know her. eugh. as if. ♪♪ well, he was asking for it. prime changes everything. >>> the opening ceremony for the winter olympics less than a week away in beijing. athletes are arriving in china to some strict covid rules they're barricaded inside a bubble the chinese officials say there's already been an outbreak of cases and some athletes and team members among those testing positive one, a snowboarder who has taken home a silver and two b

i'm rahel solomon.ouse panel investigating the january 6th attack on the capitol has requested an interview with ivanka trump. the committee says it is seeking information on her communications with her father during key moments that day. ghislaine maxwell has formally requested a new trial after a juror on the case said that he had been sexually abused as a child but failed to disclose that information to the court. >>> a new study says big box stores could generate half the electricity they need using rooftop solar panels the study says walmart and target have the biggest potential for solar energy production and an update now. a british belgian teenager has become the youngest woman to fly solo around the world. the 19-year-old touched down in belgium this morning to complete her five-month journey she visited 52 countries and covered some 32,000 miles. kelly, i don't know if you remember, but you and i talked about this when she was taking off. time really flies, i guess >> amazing that is an educat

. >>> welcome back i'm rahel solomon and here is our cnbc news update at this hour the biden administrationonsidering targeted sanctions against russia if it attacks ukraine. the wall street journal reports it will target bank, state companies and key imports. >>> at new york's st. patrick's qaa theed rat a funeral was held for a police officer shot and killed in the line of duty last week officer jason rivera died while responding to a domestic disturbance call fellow officer wilbert mora later died his services will be held next week pennsylvania's mail-in voting law was found unconstitutional by a state court republican lawmakers filed a challenge. the democratic governor will now likely appeal to the state supreme court. the white house has a new resident willow the cat making herself comfortable. the first lady met the 2-year-old tabby during a 2022 election willow jumped on the stage and interrupted her remarks, apparently named after the first lady's hometown of willow grove, p.a. i'll send it back to you >> i told you the investment committee will mack a lot of moves. kari bought no

but first the news update with rahel solomon. >> carl, good morning.ening at this hour service sector growth slowed more than expected in december although the ism nonmanufacturing index was above 60 for the tenth straight month. supply chain issues impact growth prospects >>> u.s. trade deficit grew 19% in november as imports of goods jumped to a record high. overall exports barely rose. they were held back by drops in exports of capital goods and industrial splice. >>> shares of bed bath & bonds, whip the stock sank 11% after they posted a sizable loss in weak comp sales then the stock soared perhaps of good consumer demand and strong margins in the report shares shot up more than 22% before cutting gains they're now up closer to 7%. >>> and potato processer lam westin big on its quarter results. profits blew past estimates margins were strong. shares up 10% today and more than 35% from their december low. you're now up to date, carl. i'll send it back to you. >> thank you. >>> if you're counting the tech sectors that are trading at a discount, be su

. >>> welcome back i'm rahel solomon.in philadelphia, at least 13 people killed in a house fire including seven children there were four smoke detectors in the building although none worked one senior fire official struggled to find the words. >> it was a -- it was terrible most -- i've been around for 30 -- 35 years now, and this is probably one of the worst fires i've ever been through >> on the news tonight team coverage of the fire and a look at other deadly house fires in philadelphia that's tonight at 7:00 eastern >>> in kazakhstan, meantime, thousands of protesters have taken to the streets and set fire to the presidential palace. the capitol's airport has also been seized and the governor has resigned in response the demonstrations were sparked by a sharp rise in gas prices. >> tennis star novak joefdjokovc may not defend his title he will not be allowed to enter the country. official his granted him a vaccine exemption yesterday. more halftime report after this. every day in business brings something new. so get

. >>> first, a news update with rahel solomon. hi. >> good morning.hat's happening at this hour posting some of the biggest losses on the s&p 500. the aviation and defense company beat earnings estimates but profit guidance was on the light side and the company says that revenues will be impacted by supply chain issues for the first half of the year >>> otis worldwide elevator making giving guidance largely below forecast and mixed results. but its stock has erased early losses and now up almost 2%. close to 2% there. >>> goldman sachs cut its gdp forecast for this year by more than half a percentage point to 3.2% goldman says that the slowdown will be abrupt this quarter as fiscal support fades and omicron's impact is felt >>> and angi teaming up with walmart to provide help on home projects angi professionals will soon be available through nearly 4,000 walmart stores and online nationwide angi shares are up 9% on this news deirdre, back to you >> rahel, thank you so much. >>> etf sliding 20% in the past three months we're still seeing strong earning

. >>> i'm rahel solomon and here is our cnbc news update at this hour russia says it is sending troops to belarus for major joint military drills. it will put more military assets near the border with ukraine where an estimated 100,000 troops have been deployed. they've crafted a $50 billion plan to prevent wildfires in your communities the agriculture department is logging to reduce vegetation that feeds fires >> former presidential candidate beto o'rourke has raced $7 million to become the next governor of texas the race could become the most expensive of races as of last summer he had more than 55 million in as campaign chest. airbnb ceo says he will be living on his company's site brian brian chesky is doing it to highlight that you with work anywhere more halftime after this you need to hire. i need indeed. highlight that you with work anywhere more halftime after this candids matching your job description. visit indeed.com/hire esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors

what about media first, a news update with rahel solomon. >> good morning.hat's happening at this hour tech stocks may be among the biggest losers today but all s&p 500 sectors are down consumer discretionary is hit harder than tech with big losses from retailers and casino stocks goldman sachs among those e expeex expecting four fed rate 00 hikes and july start >>> lululemon hit after lowering guidance for the quarter the company citing the omicron variant for creating capacity constraints and worker shortages. shares are down about 6% today and also down 15% so far this year >>> and tilray shares popping. revenues were still well below forecasts despite these gains, still down 35% since last january. you're now up to date. jon, back to you. >> thank you. >>> major indexes continuing to sell off this morning, nasdaq at a three-month low. high valuation stocks arc stocks particularly hard hit. joining us now to break things down dan niles dan, i mean, it's all playing out the way you expect it would, at least so far in '22 what are you learning from this ear