. >> i have to tell you that right before we came on the air i was emailing with a friend wilfred frostill visit your l.a. restaurant and said you're making it fresh 40 years and kept it fresh and happening and a destination a long time. i want to come back to the question of immigration. what would you like to see what i heard you say there was that it is not merely a problem in staffing the behind the scene lower levels jobs but bringing over chefs and higher level people with restaurant and cook experience what would you like to see in terms of immigration >> i would like to get really qualified people who would like to come to america it's still a dream for a lot of people in japan, in asia, in indonesia. you name it or singapore same thing with european people. they hear that i came from austria and they want to be part of it. it's difficult to get work permits for more than a year so i would like to get a comprehensive immigration bill to bring in people who actually going to add value to our enterprises because we can do more business. if i can get some great chefs from japan and

this wasn't as bad as previous quarters or the last year or two. >> wilf, thank you wilfred frost.e, as you pointed out, the nasdaq is positive it lasted about three minutes. >> we'll see we'll see. it clearly was a bit of an opening save but, you know, things like microsoft have been just for sale, not anything else. >> all right you can take a look at the real-time exchange back alternate hq, where morgan currently resides. >> yes tristate area representing here. >> yeah, i don't know when this gap is going to be filled in, morgan, between me and mike. we could throw a football to each other >> we'll see you soon. >>> we're going to talk esg funds, why doing good is not linked to doing well first, a quick look at the bond market for that we'll do the bond report take a look at how treasuries are faring this morning. you can see the ten-year yield at 1.74. the 30-year still above two, 2.083% we'll be right back. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especiall

wilfred frost is here with key issues to watch. >> the banks index which you were alluding to up more than 50% since the start of last year and up an impressive 12% year to date clearly, the bar is higher for earnings than it has been for any point in years that said, many banks will report all-time record full-year revenues once q4 is in the books. some already did that after just three quarters last year as ever, the guidance will be key, in particular, nii, the income on net interest income. linked to that will be the youth lock for loan growth and the economy as a whole the other area of focus will be the expected pace of normalization in capital markets activity for many quarters now people asked whether it can last. it has but it is expected to slow partly this year. when jeffreys disappointed earlier in the week, goldman and morgan stanley shares both fell accordingly. these two factors will not only be important for the entire group but within the group year to date performance highlight invests are expecting the baton to be passed to names like msnbc to interest rate sensitiv

. >> and i'm wilfred frost good afternoon to you.et's have a look at what is driving the action today the december consumer price index matched expectations, rising 7% year over year the biggest jump since 1982. meanwhile, the fed just released its book of economic conditions saying growth in many district what's constrained by supply chain and labor issues more on that in a moment and tech is outperforming, building on gains for the week chips in the lead along with chinese internet stocks, microsoft and tesla. 59 minutes left in the session, sara >> coming up on the show, a few big names, imf managing director will join us to weigh in on the inflation situation. plus her latest thoughts on china's economy and crypto warnings we'll also talk to former disney ceo michael eisner >> but first of all let's get to the big stories we're watching today. mike, start us off, if you will, with the market action holding onto this week's bounceback as opposed to more pronounced in either direction >> very well mixed, really the action under the

. >> i'm wilfred frost happy new year to you.esla the standout after fourth quarter deliveries trounced estimates. reopening stocks like airlines, tsunamis and cruises popping despite omicron cases. 59 minutes left of the session, sara. >> near the best levels. 200 points higher on the dow luke ventures gene munster said two mega caps will duel this year he'll have naughts on apple. shining the light on the forten 40 jon thain boyar with a list of you be loved stocks to tell us the picks and favorites in a bit. >> let's get straight to the big stories. mike santoli is tracking the market action. josh lipton with the apple milestone and a guest to start us off up over a percent on the nasdaq. >> s&p 500 up. big winners near the open. microsoft is a drag on the index. a huge faang and winner last year seeing basically is migrating back up to what were last week's highs. above 4800 on the s&p. closed in the 4790s so we have lifted back up to that zone. are we continuing that line from april of last year defining the upper end and 48

i i'm wilfred frost at new york stock exchange as we were just discussing there sliding off the session highs. >> welcome, everyone i'm sara eisen let's look at what's driving the action tech stocks see a rebound after a brutal start to the year tesla, microsoft, airbnb among the winners today. c china cut key interest rates travelers and american airlines with more results after the bell >>> we have a big lineup coming your way treasure secretary janet yellen will join us to talk about the economy as the biden administration marks one year in officer. you don't wanted to miss that live interview joo plus the ceo of csignet jewelers. after the bell the first faang stock to report results. results from netflix when they hit the tape. >>> let's focus on the big stories to watch this hour mike santoli tracking the market mark mobius with us. mike, start with the move and the rebound we are seeing. >> it is kind 0 of a minimally acceptable rebound from a level everybody was watching we lost some grounld in the last hour, hour and a half or so. seems the downside halted where people were may

i'm wilfred frost. a mixed picture on earnings as big bank results get under way retail sales missing ers mates falling 4.9% in september versus a drop of 0.1% energy surge continue just the sector leading today this week, as well and the month. up 15% in 2022 >>> ahead on today' show, talking to wells fargo cfo about the earnings report as the name is boosted and others pull back. fundstrat tom lee will join us on the volatility and whether he sticks by the prediction for nasdaq to hit 5,000 in january watching this final hour, mike santoli tracking the market action wilfred with the bank earnings and i'll talk about the hawkish fed commentary moving markets. mike, what are you watching? >> it is pretty unsteady i would say. low con vviction. the selling never got out of hand a few levels is monday low from this week is about 1% below where the s&p is trading right now. absolutely developing, solidifying this idea that the market gone back into that kind of a range another level is like down in the 450

i'm wilfred frost at the new york stock exchange.he major averages may appear calm at the moment but it is a wild day of trading on wall street following wednesday's sell-off. >> welcome, everyone i'm sara eisen look at what's driving the action the focus on the bond market following yesterday's hawkish fed minutes. rates on the 10-year topping 1.75 today bitcoin below $43,000 in the session. energy and financials adding to the blowout start to the year. 59 minutes left to go in the session. >>> coming up today, a can't miss interview with bridgewater founder ray dalio. that exclusive interview is coming shortly asking bank of america's head of commodities research where he thinks oil prices could be headed next. >> let's focus on the big stories this hour. mike santoli tracking another wild day joining us with his take adam parker mike, what are you focusing on right now? >> tentative steadying action is not movement under the surface there's a weak bounce in the growth sectors after being oversold today the s&p 500 did go down and

. >>> welcome to "closing bell," je everyone i'm wilfred frost at new york stock exchange the nasdaq under the pressure down more than 1.5% heading boo the final hour of trade. >> welcome i'm sara eisen let's look at what's driving the action tech falling hard again after strong start to the week fresh data once again raising concerns about higher inflation. producer price index jumping from last year though the monthly increase below estimates. airlines have a strong session after delta tops boeing with progress in china. >>> coming up on the show today, fed president of philadelphia patrick harker joins us to talk about the rate hike guidelines and hearing from kyle bass with the latest thinking on china, the market volatility and the boom in energy to start the year. >> first up, the big stories of this hour. mike santoli tracking the action josh lipton with a look at the nasdaq and joining us on delta and the pop in airline stocks connor cunningham from mkm mike, what are you watching today as we see tech take it on the chin again. >> the big nasdaq stocks with a bounce yesterday

i'm wilfred frost. have a look at what's driving the action pulling down other streaming names with it, the stock could turn in the worst session for nearly a decade. treasury yields are pulling back sharply. 10-year down bitcoin dropping well below $40,000. as we've seen all week anything can happen in this final hour of trade. might be negative on the screens and trying to deliver it with a smile. >> anything can happen it's why it's always so fun. we have a great lineup to navigate today bank of america's jill carey hall joins us. tony dwyer will tell us how long the selling could last scott black with three major concerns for the market and a new stock pick he likes right now. >> first let's get to the big action with mike santoli and joining us is luke munster mike, the broader markets selling off in the session. >> untrustworthy bounce after the morning sell-off 10:30 the low and below that not a lot of sort of convincing persuasive buying power coming in the market looking oversold. some of the s

i'm mike santoli in for wilfred frost today. look at what's driving the action treasury rates mostly higher the 10-year above 1.8% receded from there the tech sector also following last week's trend to the downside chips and fintech hit especially hard crypto is under more pressure. bitcoin briefly dipping under $40,000. 59 minutes left to go in the session. >>> we have a great lineup big call today on interest rate just mike wilson and katie stock t stockton on the charts tilray is a standout winner today following earnings this morning. we'll break down the numbers with the ceo irwin simon coming up first, mike, tracking the market action deirdre bosa with the nasdaq movers berhe that coombs with the highlights of the interview with jamie dimon. mike, broader market lower except for health care. >> yes health care. a big jpmorgan health care conference going on. s&p 500 bent and didn't break. at the lows this morning about 4.9% off the record high that seemed to create a little bit of a dip buying instinct the other level to w

i'm wilfred frost. a short trading week off to a painful start. the nasdaq down 1.8% heading into the final hour of trade. >> dow down 400. i'm sara eisen let's look at when's driving the action in the final hour of trade. the 10-year well above 1.8%, highest level in two years putting serious pressure on tech with chips in particular falling. goldman sachs weighing on the dow after earnings missed estimates. activision is a winner surging after microsoft said it would buy it for nearly $79 billion. >>> we'll be all over the market sell-off into the close and beyond and coming up two key executives in the financial space react to earnings. hearing from the ceo of charles schwab and interactive brokers chairman thomas peterffy >> both good reads we are watching the big story just mike santoli tracking the market sell-off. wilfred with goldman sachs's earnings miss and joining us is an analyst from rbc and light shed mike, the market action. what are you watching? >> broad weakness today but orderly orderly, that might be a positive or negative obey

i'm wilfred frost.ave a look at what's driving the action today a mixed report from the jobs number missed estimates but the unemployment rate fell to 3.9% treasury yields popped that's putting pressure again on tech chip names hit hard today an encrypto seeing losses bitcoin falling. down 9% to start the year. >> coming up on today's show we'll talk about the brutal week for bitcoin with head of crypto and fintech investments at jump crypto we'll ask gerard cassidy whether this is a breakout year for the banks ahead of earnings. >> let's hit the big stories including the market action. mike santoli is tracking that and jeff sherman mike, with the big picture of the markets which is just recovered in the last half an hour or so a negative week overall. >> definitely still a push-pull. more stocks up than down on the new york stock exchange. in general though in the last couple of days the s&p held the ground because it is pulled in two directions the 50-day average right through there and basically wher

i'm wilfred frost.nother roller coaster session on wall street following monday's turn around the nasdaq up more than 1% in the final hour of trade. >> looking at session highs. i'm sara eisen welcome. let's look at what's driving the action fed chair powell testifying on capitol hill as partof the reconfirmation process reiterating the aim to rein in inflation. the energy sector adding to gains already for the year outperforming today as oil prices pop and technology is also broadly higher. ubs downgraded the stock to sell we have 59 minutes left to go in the session. >>> coming up today, a great read on the consumer, inflation and the impact of omicron. speaking with the ceos of krispy kreme and crocs about the factors. i got hungry prepping for the interviews plus the world bank out with a new warning about gloeblg growth speaking with the world bank president david malpass. >> mike santoli. joining us to talk about the fed and the economy is seth carpenter from morgan stanley. mike, what are you foc

i'm mike santoli in for wilfred frost today.iving the action treasury rates mostly higher the

. >> and i'm wilfred frost good afternoon let let's have a look at what's driving the action tesla and back of their results some strong data coming in fourth quarter gdp trouncing estimates with a 6.9% print, and weekly joble

. >> i'm wilfred frost more agony for the bulls following the worst week for stocks since 2020, but theges, as kelly and tyler were saying, off their lows as investors weigh geopolitical tensions, earnings, and the fed. >> welcome, everyone i'm sara eisen let's look at what's driving the action in this final hour. technology, once again, seeing heavy selling pressure, even as treasury yields dip today. the nasdaq is now down 14% on the year with names like airbnb, netflix, and tesla among the hardest hit today. bitcoin making a t

. >> i'm wilfred frost let's look at what is driving the action today consumer discretionary and techwinners

i'm wilfred frost at the new york stock exchange. it's a tale of two markets the dow and s&p 500 setting record highs, the nasdaq sharply in the red >> welcome, i'm sara eisen let's look at what is driving the action in the final hour yields on the move again the ten-year note yield approaching 1.7% that's pressuring tech stocks with chips and chinese internet seeing the most pain covid cases exploding in america. the u.s. reporting a single day record monday of more than 1 million cases. some of those may have been due to reporting delays over the weekend. >>> and energy is the top performing sector once again today as oil moved higher following opec's meeting nasdaq down more than 1.5% dow on track for a record close. >> s&p 500 is nearly positive again, just rounding back in the last 15, 20 minutes. coming up today, youssef squali will weigh in on the nasdaq selloff. plus rbc's helima croft will talk about the strong start for energy and what she makes of today's opec meeting >>> let's focus in on the big stories we're watching ri

i'm wilfred frost.e a look at what's driving the action pulling down other streaming names with it, the stock could

. >> good afternoon, i'm wilfred frost.s driving that negative action, as sara mentioned, the nasdaq continues to lag as rising yields remain in focus microsoft, apple, and nvidia among the biggest drags. salesforce plunging as well and putting pressure on the dow

i'm wilfred frost.ch churning volatility the major averages picking up steam. the s&p 500 pacing for its fourth straight weekly decline the nasdaq could turn its fifth down week in a row >> i'm sara eisen. let's look at what's driving the action a slew of data this morning. helpful futures off their early lows key inflation reading came in hotter than expected, but incomes and spending were

i'm wilfred frost at the new york stock exchange.s may appear calm at the moment but it is a wild day of trading on wall street following wednesday's sell-off. >> welcome, everyone i'm sara eisen look at what's driving the action the focus on the bond market following yesterday's hawkish fed minutes. rates on t

. >> good afternoon, i'm wilfred frost.et's have a look at what is driving that negative action, as sara mentioned, the nasdaq continues to lag as rising yields remain in focus microsoft, apple, and nvidia among the biggest drags. salesforce plunging as well and putting pressure on the dow following a downgrade at ubs and the fed just released the minutes with a more hawkish tone, sending yields sharply higher, stocks lower we will get to all of that in just a minute. 59 minutes left in the session >> coming up on the show we've got a great lineup of guests for you to help make sense of all this mess. bruce richards says this is the year that things will change for the equity markets he'll join us to explain why, and he'll tell us the one sector he is super bullish on right now. >>> and later we'll talk to the ceo of authentic brands whose portfolio includes retailers like aeropostale, brooks brothers, so many of these mall-center brands that you know and whether consumers can hold up >>> and just struck a deal with david b

. >> and i'm wilfred frost good afternoon let let's have a look at what's driving the action tesla and dow inc. on the back of their results some strong data coming in fourth quarter gdp trouncing estimates with a 6.9% print, and weekly jobless claims ticked lower. netflix is among the biggest s&p 500 winners after bill ackman revealed a major new stake in the company, more on that ahead. 59 minutes left to go in the session. down sharply, sara >> coming up on today's show, apple headlining one of the most important afternoons in all of earnings season. we have it an all-star panel ready to break down the numbers as soon as they come out plus, we'll get results from robinhood, visa, and mondelez among others, and we'll talk exclusively with mondelez's ceo about the quarter and the impact of food inflation before he goes to his company's conference call >> but first, let's get straight to the big story mike santoli is tracking another choppy market session. phil lebeau is tracking the pullback for tesla mike, start usoff with the board of markets and what you're focusing on. >> not a lo

i'm wilfred frost. good froome. let's look at what's driving the action earnings season wrapping up with ge, american express, and j&j after reporting before the bell. after the close, we get numbers from microsoft and texas instruments. can't wait for those the fed kicking off its two-day meeting as investors look for clues on policy and the economy. earlier, the imf cut its global forecast in part because of rising inflation concerns. and tech is still feeling the brunt of the pain with chips getting hit particularly hard, as yesterday proved anything can happen in the final hour of trade. almost positive on the s&p 500 >> coming up on the show, two wall street heavyweights teaming up on a spac we'll talk to gary cohn and cliff robbins about their new deal >> plus, a classic bull/bear debate aeric johnston and jp cap arel have opposing views. >> let's get to the market action another stomach churning day for investors. mike santoli is covering all of the action deirdre bosa focusing on the pain in tech mike, start

. >> good afternoon, i'm wilfred frost.action today earnings season kicking into high gear with reports this morning from bank of america, morgan stanley, and procter & gamble treasury yields moving lower for a change but remain well above where they started at the year and the

i'm wilfred frost.ig bank results get under way retail sales missing ers mates falling 4.9% in september versus a drop of 0.1% energy surge continue just the sector leading today this week, as well and the

. >> i'm wilfred frost happy new year to you. tesla the standout after fourth quarter deliveries

. >> and i'm wilfred frost good afternoon to you.what is driving the action today the december consumer price index matched expectations, rising 7% year over year the biggest jump since 1982. meanwhile, the fed just released

i'm wilfred frost.at's driving the action today a mixed report from the jobs number missed estimates but the unemployment rate fell to 3.9% treasury yields popped

i'm wilfred frost. good froome.t's driving the action earnings season wrapping up with ge, american express, and j&j after reporting before the bell.

i'm wilfred frost at the new york stock exchange.o markets the dow and s&p 500 setting record highs, the nasdaq sharply in the red >> welcome, i'm sara eisen let's look at what is driving the action in the final hour yields on the move again the ten-year note yield approaching 1.7% that's pressuring tech stocks with chips and chinese internet seeing the most pain covid cases exploding in america. the u.s. reporting a single da

i'm wilfred frost. a short trading week off to a painful start..8% heading into the final hour of trade. >> dow down 400. i'm sara eisen let's look at when's driving the action in the final hour of trade. the 10-year well above 1.8%, highest level in two years putting serious pressure on tech with chips in particular falling. goldman sachs weighing on the dow after earnings missed

i'm wilfred frost. coaster session on wall street following monday's turn around the nasdaq up more than 1% in the final hour of trade. >> looking at session highs. i'm sara eisen welcome. let's look at what's driving the action fed chair powell testifying on capitol hill as partof the reconfirmation process reiterating the aim to rein in inflation. the energy sector adding to gains already for the year outperforming today as oil prices pop and technology is also broadly

. >> i'm wilfred frost let's look at what is driving the action today consumer discretionary and tech are the standout winners chips are also having a very strong session ahead of earnings from nxp semi after the close, and energy in focus on tensions between russia and ukraine, the energy sector up around tent% on the year 59 minutes left of the session and of january >> coming up on today's show, we will speak exclusively with richmond federal reserve president tom barken his first tv interview since the fed meeting. >> plus, arielle's ru rupal bhansali will join us with a list of her stocks >> first, let's focus on the big stories we're watching today deirdre bosa is covering the pop for the nasdaq mike santoli tracking the rest of the stocks. deirdre, let's start with you and the big move we have for tech, up nearly 3% on the nasdaq >> another one of those days, wilf really those high growth names ripping higher to end what has been of course an incredibly tumultuous month we have seen some names in the space, especially software, already bounce back 10%, 20% from lows recently to

i'm sara eisen here with wilfred frost and mike santoli.enior markets commentator we have a lot to talk about this hour coming up, canyon partners josh raw friedman is here to weigh in on the market rebound. why he says we're at a fork in the road and where he thinks we're headed >>> plus, wells fargo institute, invest lt institute scott wren sees opportunity now and what he's telling his partners. first up, lidsy bell is still with us, joining is alley, what were the conversations with your high net worth clients like today? at one point, we were down almost 5% in the nasdaq, which closed higher by .6% >> what a day, what a week, what a month. today was as epically crazy and volatile intraday as friday was the other way. i am so relieved, as is everybody here at the summit, to have the result that we had today, which really, you know, look, we are in what i call the triple threat as someone who really loves alliteration, of rapidly rising rates the market has been working overtime as has all of the al2 rhythms to try to figure out what tha

i'm wilfred frost. stocks finishing the week with more stomach churning volatility the major averages picking up steam. the s&p 500 pacing for its fourth straight weekly decline the nasdaq could turn its fifth down week in a row >> i'm sara eisen. let's look at what's driving the action a slew of data this morning. helpful futures off their early lows key inflation reading came in hotter than expected, but incomes and spending were a tad light. apple helping with the whole tech sector after strong earnings and hopeful supply chain commentary robinhood also boosting tech after a stunning turnaround. earnings from chevron and caterpillar keeping the dow in check. we have 59 minutes to go in this wild trading week. we're up 222 points. at one point, we were down 323 just another day in tumultuous volatility world >> we have a big show coming your way in just a few minutes, we'll speak with brian deese about the firmer economic data this week plus his thoughts on market volatility and later, dan niles will

. >> good afternoon, i'm wilfred frost.et's have a look at what is driving the action today earnings season kicking into high gear with reports this morning from bank of america, morgan stanley, and procter & gamble treasury yields moving lower for a change but remain well above where they started at the year and the action in tech remains front and center chips falling again today, and the nasdaq now down around 10% from its recent highs. 59 minutes left of the session, sara >> down 120 on the dow ahead on today's show, bank of america's ceo brian moynihan will join us for a first on cnbc interview to talk about today's earnings report and what he's seeing in the broader economy and from his customers right now. >>> plus, we'll ask investor eric jackson where he is finding opportunities in the sector. >>> and president biden slated to host a news conference next hour as he marks one year in office we'll take you there live as soon as it happens >>> first of all, let's focus on the big stories we are watching today. mike sa

estimates in ten straight quarters will their hot streak continue here to break down the story is our wilfred frostith our trades today welcome to both. i guess jefferies was a warning after all. it has been bad news after badder >> jefferies missed on fixed trading. the interesting thing for bank of america is whether they can do well on the two key issues that brought jpmorgan's stock down on friday, and that was guidance on income and on the cost front on the cost front we know that has been key at bank of america. they've been bad during the pandemic the last two quarters showed signs of improvement nothing over the last month or six weeks from brian moynihan and bank of america have suggested they're going to guide for bigger costs in the area maybe they will all of a sudden but that's not currently expected on net interest income, they are the most interest rate sensitive. maybe they won't overwhelm on the guidance but i think it will be a surprise if they under well many there's a reasonable chance bank of america will come out in the wells fargo camp of discord of earnings >> true. >> rathe

a lot of friends of mine wear those sneakers i think wilfred frost wears them i've seen them in his studionce in a while. yes, they are a big deal because they are one of those brands that's really trying to chip in at the establishment at nike and all the other big makers out there. they've got that esg component which makes the brand a lot more appealing to a very certain set of people out there, and that's going to be something you're going to have to watch because if this is a situation where there's a value trade to be had, this is one of those scenarios where maybe the market's giving you that opportunity. i would say that with allbirds, there is a compelling case if they can give you that kind of feel-good approach to buying sneakers, i like shoes that fit, i've been told these things are very comfortable i would have to try it out personally before i'd say this is the stock i want to buy >> i just like the idea of being able to pop them in the wash but my amazon knock-offs also do that, just maybe don't last as long >>> coinbase, this one slightly lower. the move beyond crypto to d

wilfred frost is here.bers. >> becky, so now of the big six are in and somewhat surprisingly, the big differentiating factor for banks this quarter has been costs within the retail banks, banks of america, wells fargo did well, j.p. morgan did not. in the investment banks, jp morgan missed on costs they could bring it back under control if the year ahead isn't so strong. morgan stan by beat on expectations on compensation costs. we haven't gotten their year ahead on that. the other big take away is net income is improveing not quite as fast as people have hoped, more of a show-me story in investor's eyes, the share prices in the first couple weeks of january have perhaps run up a bit too aggressively on that point. loan growth is interesting bank of america suggested they're doing well on that point. we look forward to speaking to brian moynihan on that topic and closing bell today within capital market, investment banking still remarkably strong with comments from various earnings school, though the backlo