for cnbc business news, i'm steve kovach. >>> returning to one of our top stories. stigations are continuing in new orleans after an army veteran flying an isis flag from his truck rammed into the new year's revelers killing 15 people and injuring around 30. jay gray joins us now from new orleans. jay, just give us the latest. >> reporter: yeah, silvia, as you can see, this area is still locked down. an early hour in the early morning here, you would normally see revelers still coming out of the french quarter kind of lingering along the streets on canal. you don't see that at all. in fact, there is an eerie silence in the city right now. a tension here. so many, like investigators, searching for answers. the suspect in the case, shamsud din jabbar, 42 years old with army service commitment. he left as a staff sergeant. we know investigators have centered the investigation in the french quarter where they continue to search for evidence, but also jabbar's home in houston and an airbnb rental in new orleans. it was the scene of the overnight fire yesterday and now inv

in singapore, sam vadas, cnbc business news. >> with that in mind, let's get a check of the asian equityarkets today starting with the hang seng. we actually saw the benchmark ending the day up .30%. shanghai composite also tracking some gains today, but all in all, though, the investment community still posing the question what is the outlook for chinese stocks amid the arrival of donald trump at the white house next week. let's discuss this in more detail with our next guest. senior economist at aberdeen. good morning. great to have you on the show. what i would like to understand at this stage, really, is whether this is perhaps the last time we will see china posting this 5% gdp rate at least in the near future with the threat of the tariffs from the united states? >> i think that's a very good point. we are concerned about the challenges for china next year. i think it's very policing ple see the numbers today. slightly better than expected growth target. what it is showing is that the policy stimulus, that pivot we saw in september, is filtering through, but it uneven. it is not fi

in singapore, lynn lynn, for cnbc business news. >>> and coming up on the show, chinese markets continueo struggle as traders stress the reported plans from the pboc to cut rates this year. we'll bring you the details after this break. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. >>> welcome back to the show. let me show you how chinese bourses fared earlier today. we were actually down across the board for most of the chinese indices. the only exception being the hang seng up .70%. i would like to focus on the csi 30

in singapore, sam vadas, cnbc business news. >>> in our moment of the week, we are highlighting the recentise in bond yields. let's recap what happened. in the u.s., we had the yield on the ten-year treasury at its highest since april and therefore inching closer to its highest level ever. look at the chart. we are not far from the 5.02% seen since october of 200. the ten-year gilt traded highest since 2008. why? data has investors concerned that pressures are here to stay with concerns of further impacts from president-elect donald trump's policies. this matters for your investments. higher bond yields mean higher borrowing costs. for businesses getting a loan could get harder or more expensive. impact on pensions and especially for owners of a lot of government debt and relying on income from bonds means higher rates could also be eating into your purchasing power. james carter laid out the drivers of the recent market turmoil. >> it's an incredible move. it's a move driven by not only a change in september and expectations for inflation, particularly in the u.s. post trump and in the uk

in singapore, sam vadas, cnbc business news. >>> coming up on the show, two of germany's largest politicales confirm their candidates for february's snap election. we'll have the details after this break. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. z's bakery is looking to add a pizza oven, arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more about possibilities for their business and not the cost of their internet. it's five years of gig-speeds and advanced secu

in singapore, sam vadas, cnbc business news. >> we have duncan here with us. welcome to the show.ld like to get the information on the data we obtained today. i would like to understand how concerning it is the read on international orders having dropped in the month of december. do we need to read that with a bit of caution and also a potential trade tariffs coming from the united states? >> yes, absolutely. you can see in the index firms are asked what do you think about future output and all of the pmis, not just today's pmis, but last week, chinese, all saw the big fall in sentiment. if you read the reports, firms are saying we're orried about trade protectionism. >> that's it. we don't have the certainty. we don't know exactly what donald trump is going to do. whether he is going to impose tariffs. what is the outlook for the chinese economy this year? >> so, the external outlook is very uncertain. i think we can all agree it is negative. >> despite the promises of fiscal stimulus ? >> so domestic economy. that's the question. what is the chinese government going to do to mit

lynn lynn for cnbc business news. >> and seijiro takashima, professor of management at the universityis joining us to discuss this in more detail. seiji, great to have you on the show. first and foremost, i would like to understand whether perhaps the bank of japan actually learned a lesson from the past from last year when they increased interest rates. markets were really not expecting that, but it seems that this time around there was a lot more preparation for today's move. is this a sign that they are basically trying to avoid any sort of huge swings in the markets? >> absolutely. only 30%. >> of market participants. expected a rate rise in july, but this time around, over 90% knew it was coming. i think they learned. very much from the fed's, you know, eloquent methodology of verbal, you know, intervention almost. and i think for that reason, the market swing had been very low, but also from the fundamental reason as well. i think many people know that although mr. ueda made a very hawkish, you know, words like you just pointed out, that said, we also know that, you know, intere

business to elon musk? we'll go to cnbc for the new report. ? try pepto bismol. unlike some products, pepto coats and soothes your digestive system, to provide fast 5-symptom relief. stock up on pepto today. do i smell okay? [sniff] mhm. why are you shimmying? oh! unstopables has odor blocker so i'll feel fresh all day, even after a red eye. we all use unstopables. looks like he does too! smell unstopable. can neuriva support your brain health? mary. janet. hey! eddie. no! fraser. frank. frank. fred. how are you? support up to seven brain health indicators, including memory. when you need to remember, remember neuriva. >>> a key inflation report is due out in just a few hours. but first, could elon musk be in the mix for the future of tiktok? good morning, karen. >> good morning, frances. well, we knew that tiktok was going to dominate headlines this week. but who would have thought this could occur. elon musk reportedly in line, potentially, to buy the u.s. business of tiktok. the chinese government looking at that plan. according to bloomberg reports citing gov

the s&p 500 hit a new high after the president's address to global business and political leaders at davos. cnbc'swith those details. good morning, charlotte. >> good morning. well, yes, the u.s. stocks getting a boost yesterday with the s&p 500 reaching its first record since early december. and of course that was after the president said to the leaders of the world economic forum in davos that i would demand interest rates drop immediately. this indicates there could be a showdown between president trump and the chair of the federal reserve jerome powell. the fed recently signaled slower interest rate cuts with some concerned about the impact of trump policies like tariffs and what it could have on inflation. in the same speech, trump said he would ask saudi arabia and the other opec nations to lower oil prices, and he suggested that the elevated oil price was helping vladimir putin in his war in ukraine. and he said that, quote, bringing down the oil price will end that war. now, on to crypto. president trump signed an executive order that would create a working group to advise the white house

with your cnbc morning business report, i'm angelica peebles. all right angelica thank you. new this morning consumer reports naming subaru as its 2025 top ranked brand for reliability. bmw, lexus honda rounded out the top five. land rover, rivian and jeep near the bottom. hollywood's box office returns are stabilizing, but moviegoers seem to be not as interested in original stories. movies like despicable me four, deadpool and wolverine and moana two made up of nine of the ten top highest grossing films in 2024. wicked was the only original film on that list. however, it of course, was adapted from the highly successful broadway musical. comscore operators say box office ticket sales hit an estimated $8.75 billion. let's get a check of your weather this morning with cynthia. good morning everyone. we are, of course, off to a cold and clear start. as we take a look around the bay area, we see everybody, mostly in the 40s, to start our thursday and taking it into this afternoon where it's going to feel a little bit more mild down here in the south bay, looking from those mid 60s

coming up, we'll check in with cnbc's andrew ross sorkin on this very busy news morning.comes right when morning joe comes right back. what are folks 60 and older learning these days? new perspectives! ♪♪ how to fix things. ♪♪ fun recip... (high pitched sound) (high pitched sound) (high pitched sound) my moderate to severe crohn's disease... ...and my ulcerative colitis symptoms... ...kept me... ...out of the picture. now... ...there's skyrizi. ♪i've got places to go...♪ ♪...and i'm feeling free♪ ♪control of my symptoms means everything...♪ ♪...to me♪ ♪control is everything to me♪ and now... ...i'm back in the picture. feel significant symptom relief at... ...4 weeks with skyrizi. skyrizi is proven to help deliver remission... ...and help visibly improve damage.... ...of the intestinal lining at 12 weeks and 1 year. don't use if allergic. serious allergic reactions,... ...increased infections or lower ability to fight them may occur. before treatment, get checked for infections... ...and tb. tell your doctor about any... ...flu-like symptoms,or vaccines. liver problems le

cnbc morning business report, i'm silvana henao. i'm glad to hear we can optimize audio. there you go. well, new york city a controversial traffic plan is now in effect. yesterday, it became the first city in the country to have so-called congestion pricing. that means drivers during this morning's commute had to pay a $9 toll to drive on city streets into the heart of manhattan. that toll drops to 225 during off hours. city officials hopes it will reduce traffic gridlock while raising money for public transit. i think it's just a tax. it's not going to alleviate any congestion. places like chicago and los angeles, which also have pretty severe traffic congestion, are watching to see what happens here in new york. the program launched without major hiccups yesterday morning, and so far there has not been too many issues. during this first monday of the year. we'll see when they get there. bills. right now trending this morning, it was a glitzy start to this year's award season as the golden globes took over l.a. last night. it was cool because several bay area stars won big, including ali wong,

cnbc will be live from the swiss alps in davos. we will speak to top policymakers and business leaders and conversations with the new chief teresa riberahe finance minister and imf deputy. we will hear from the dutch prime minister and ceos of lseg and abu dhabi. it kicks off live on cnbc international youtube page. >>> i want to take you to breaking news from the chinese commerce ministry. we are just obtaining flashes on this. they are saying they will initiate anti-dumping and subsidy investigation into the u.s. subsidies in the chip industry at chinese chip industry request. they obtained a request here to look at u.s. subsidies to its chip industry and chinese commerce ministry now actually initiating an investigation here. of course, this is particularly important after the recent moves from the united states in terms of export restrictions for chip makers as well. all in all, it just highlights, really, how chipmakers, how this sector has become also heavily politicized to some extent because of their importance, really, for the industry and for global economy as well. >>> speak of chipmakers, tsmc posted record profits in the f

new year. microsoft planning hiring in part of its consulting business in the u.s. according to an internal memo seen by cnbciring freeze is part of a broader effort by the company to reduce costs and it comes a week after it said it would lay off some employees. >>> meanwhile, cnbc is also learning that meta is planning to cut about 5% of its work force. and a memo ceo mark zuckerberg says the cuts will focus on the lowest performing staff members and says it will be quote, an intense year. for much more let's bring in alex big technology founder and a cnbc contributor. alex, good morning. good to see you. happy new year. >> good morning frank. happy new year. >> all right, so i want to get your broad take on that last comment. the intense year by mark zuckerberg. when mark zuckerberg says that, what does he mean in your mind? >> i think he means that these big tech companies were seen as country clubs and right before 2022, lots of perks and really tough to get fired and even in the memo himself, zuckerberg said we were not going to fire low -- poor performers in the past and manage them out. i think what

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joining us now, we have nbc news senior business analyst and host of the. 11th hour, stephanie ruhle, and from the world economic forum. >> in davos, co-anchor. >> of cnbc's, andrew ross sorkin. andrew, i'll start with you. what's going on? >> well. >> this is a big deal. >> if. >> in fact, they do have the money. $100 billion is a lot of money, and it really could change the dynamic shift, the whole ai universe. it would take openai, which is clearly. the leader. >> today. >> and put them on an even greater path to the supremacy, if you will, of this technology. what's interesting to understand about it is it does also shift the relationship to some degree between openai and microsoft. they've had a very close partnership exclusively, insofar as openai was exclusive to what's called the azure platform, which is something that microsoft has. and now it means that they are going to be able to be on other platforms, in this case, larry ellison, who's a friend of the president's. i will make one. maybe it's a political point, but it's worth pointing out. the press conference yesterday. sam altman standing behind the presidential seal with president trump sta

business. for that, let's bring in cnbc. charlotte reed live from london. charlotte, what should we expect on the first day of trading in trump's new the futures are slightly in the green this morning after markets were closed yesterday for martin luther king day. >> now the stock market is coming off its best week last week since trump's election in november. >> but going forward, wall street will be focused on whether trump delivers on his pro-business promises that he made during the campaign and other components of the so-called trump trade, including small caps, oil stocks and bitcoin will be hypersensitive to where his administration goes from here. >> but there are also some concerns about tariffs that are weighing on market sentiment this morning. >> yeah, that's exactly right. because president trump has threatened to impose 25% tariffs on canada and mexico starting next month. what could the impact of that be? >> well, exactly what president trump signed several executive orders yesterday. there was nothing on tariffs just yet. >> but he did make those comments yesterday about imposing potentially tariffs of 25% on canada

. >> let's bring in right now the co-anchor of cnbc's squawk box and a new york times columnist, andrew ross sorkin. also, nbc news senior businessainly about this sort of tech industrial complex sounding a bit like eisenhower warning the military industrial complex back in january of 61, but specifically on the issue of ai. you warned about that too. those warnings are going up against a group of leaders in silicon valley that have this almost absolutist libertarian view that government can have no role in in helping to manage and regulate and, and, and sort of trim some of the most extreme elements of what may be the most powerful technology that mankind has ever faced. well, look, i think we're we're in this sort of unique moment when it comes to ai. interestingly, a number of the folks who are running these institutions now have the ear of the incoming president in a major, major way. many of them actually have called for regulation, including elon musk and sam altman and others. and yet it is unclear whether congress, whether the senate, whether washington understands enough and can reach some consensus on what regulation of

joining us now, we have nbc news senior business analyst and host of the 11th hour, stephanie ruhle, and from the world economic forum in davos, co-anchor of cnbc'smoney. >> and it really could change. >> the dynamic. >> shift, the whole. ai universe. it would take openai. >> which is clearly the leader. >> today, and put. >> them on an even greater. >> path to the supremacy, if you will, of. >> of this technology. >> what's interesting to. >> to understand. >> about it is. >> it. >> does also. >> shift the relationship to some. degree between openai and microsoft. >> they've had a very close partnership. >> exclusively. >> insofar as openai was exclusive to what's. >> called the. >> azure platform. >> which is something that. >> microsoft has. >> and now it means that they are going to be. >> able to. >> be on other platforms, in. >> this case, larry ellison, who's. >> a friend. >> of the president's. i will make one. >> maybe it's a. >> political point, but it's worth pointing. >> out the. >> press conference yesterday. sam altman, standing behind the. presidential seal with president trump standing next to him. >> think about. >> that. >> just

. >> let's bring in right now the co-anchor of cnbc's squawk box and a new york times columnist, andrew ross sorkin. also, nbc news senior businesst of tech industrial complex sounding a bit like eisenhower warning the military industrial complex back in january of 61, but specifically on the issue of ai. he warned about that, too. those warnings are going up against a group of leaders in silicon valley that have this almost absolutist libertarian view that government can have no role in in helping to manage and regulate and, and, and sort of trim some of the most extreme elements of what may be the most powerful technology that mankind has ever faced. well, look, i think we're we're in this sort of unique moment when it comes to ai. interestingly, a number of the folks who are running these institutions now have the ear of the incoming president in a major, major way. many of them actually have called for regulation, including elon musk and sam altman and others. and yet it is unclear whether congress, whether the senate, whether washington understands enough and can reach some consensus on what regulation of these institutions

cnbc. >> are you having a hard time growing your sales. is it tough getting new customers. try info free. com hot sales leads. you'll get unlimited sales leads mailing lists, businessrst month. that's incredible. >> i can see all my. >> prospects on my. >> smartphone. >> with one. >> click. >> i can make my sales calls from anywhere. from anywhere. >> get a free ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. to get financially savvy. squawk box and get started today@hims.com. >> welcome back to squawk box right here on cnbc. the futures this morning are a little bit weaker. dow futures are off by just over 120 points s&p futures down by ten. the nasdaq off by 32. let's check out the treasury market. yields had been yeah the ten year is a little higher at 4.64. the two year at 427. >> well the world economic forum in davos wrapped up this morning with a panel moderated by cnbc's sara eisen. the outlook for europe was a major focus, with ecb president christine lagarde weighing in on the opportunities for the region versus the uni