francine: jenny johnson, ceo of franklin templeton.e will send it back to you and have plenty more from davos. it feels like day six but it's actually only day two. tom: stay warm. great conversation. francine lacqua, thank you very much indeed. 20 more coming up with an from fran -- plenty more coming up with and from fran. christopher wilcox, executive head at nemura holdings joining us to discuss the outlook for dealmaking and then we will speak with one of your a's largest insurers -- of europe's largest insurers, mario greco, on the state of the insurance industry. don't miss those conversations. lots more coming up. stay with us. this is bloomberg. ♪ tom: welcome back to bloomberg daybreak: europe. we have some breaking news. a potential tie up between generale and natixis. this is looking at a 50-50 joint venture. that parent group including natixis. sonny a nine signing a -- signing a deal. it will be owned equally by the two companies. keep across this story -- we will keep across this story. gener ale in focus. could be in th

not technology, not the market and not franklin templeton.ve been a firm in motion for over 75. >> years. >> always innovating. today we're a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future today. franklin templeton, your trusted partner for what's ahead. >> americans are demanding fresh, sustainable and healthy food, a consumer category projected to grow to $241 billion. meat edible garden symbol edible on the nasdaq a fast growing, zero waste inspired food producer backed by patented technology and delivering robust third quarter results. edible garden products are in over 5000 supermarkets, supported by walmart's project gigaton and usda food security g that we get to use every day. >> squawk box live from davos morgan stanley's ted pick workday's carl eschenbach, liberty global's mike breese, honeywell's vimal kapoor, blackrock's larry fink stay ahead of the market squawk box today, 6 a.m. eastern. cnbc. don't miss a members only event

franklin templeton, your trusted partner for what's ahead. >> three and 30 is sponsored by franklin templetonur trusted partner for what's ahead. >> good monday morning. welcome to another hour of squawk on the street. i'm carl quintanilla with leslie picker and david faber here at post nine of the new york stock exchange. sara eisen has the morning off this deep sink. news has definitely thrown the eye trade into some flux, but we are off the certainly the worst of the premarket levels. and we do have other areas of the market like small caps starting to show some green arrows. we'll talk all about it. >> and we're 30 minutes into the trading. >> session here. some big. >> movers we. >> are watching. >> in this market sell off nvidia poster child of the ai rally. really taking it on the chin this morning on reports that deep seek a china based open source ai model, was able to use less advanced chips to create ai tools that compete with the proprietary models of u.s. tech giants, raising questions about the moat for nvidia and companies like ai. nvidia shares currently down more than 11%. th

not technology, not the market, and not franklin templeton.irm in motion for over 75 years, always innovating. today, we are a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future. today. franklin templeton, your trusted partner for what's ahead. >> meet venu on the nyse american symbol venu disrupting a multibillion dollar live music industry. venu owns and operates upscale music venues, outdoor amphitheaters with seven revenue sources, $166 million in assets, luxury suite sales of $77 million in 2024, $200 million expected in 2025. 56% year over year growth. venu on the nyse american venu. >> in a world of uncertainty and disruption, how will your investments stay resilient? we've been navigating change for 125 years, always looking forward, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and tomorrow. that's the power of nuveen. >> the opening bell is brought to you by nu

not technology not the market and not franklin templeton.ve been a firm in motion for over 75 years, always innovating. today we are a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the. with solutions to build the. portfolios of the future. today. >> no application fee if you apply by february 12 at university of maryland global campus, offering online and hybrid courses and lifetime career services. learn about our more than 135 degrees and certificates at umgc.edu. >> you've got to. >> get off the internet, dad. >> okay boomer. >> you're the boomer. >> that's a. >> flex and that's. >> a flex and i don't like it. >> can you make. him stop. >> i'm going. >> to keep it 100 with you. >> that's us. >> stop saying sus. >> busan. >> in the time it. >> takes you to. >> master the slang. >> you could have bought a hyundai. >> on amazon, bruh. >> let me cook. >> i see hot pro massaging bomb. easy to grip and massage, and the power. >> of two. >> max strength pain relievers

. >> franklin templeton.been a firm in motion for over 75. >> years. >> always innovating. >> today, we're a leader in public. >> and private. >> markets, digital assets and custom tax. >> management. >> empowering advisors with solutions to build the. portfolios of the future today. dude, i really need a new phone. check out my new samsung galaxy s25 ultra. it's got galaxy ai. imagine this thing running on our superfast xfinity mobile network. and i also heard that it can do multiple things with a single command. —with google gemini. let me try it. add recipes with overripe bananas to my “dessert ideas” note. that's what you chose to ask it? i had other things planned. ask how to get up to one thousand dollars off the new samsung galaxy s25 ultra with xfinity mobile. >> given myself a small raise. join me at. >> chime comm. >> when the oil comes down, it'll bring down prices. then you won't have inflation. >> and then. >> the interest. >> rates will come down. >> you said that. >> you would demand that the.

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not technology, not the market, and not franklin templeton.on for over 75 years, always innovating. today we are a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future. today, franklin templeton, your trusted partner for what's ahead? >> first word from alcoa ceo william oplinger crucial earnings insights before he talks to the street. how new tariffs could impact the industry. now john fort morga gy at gamescom. >>> welcome back to "the exchange." bankruptcies are actually hitting their highest growth since the great recession and there may be more pain to come. kristina is here with a look at some of the most vulnerable companies as well, kristina. >> a doom and gloom kind of story, we're seeing a wave of corporate bankruptcies not seen since the aftermath of the great recession, will are some big names that have gone under from your local party city, to popular restaurants like red lobster, companies are struggling, many are owned by private

. >> franklin templeton. >> we've been a firm in motion for over. 75 years. >> always innovating. >>e a leader in. >> public and. >> private markets. digital assets. >> and custom. >> tax management. >> empowering advisors with solutions to build the portfolios of the future. >> today, franklin templeton, your. trusted partner for what's ahead three and 30, is sponsored by franklin templeton, your trusted partner for what's ahead. >> good wednesday morning. >>> good wednesday morning. welcome to another hour on "squawk box." sarah eisen is with us this hour from the world economic forum in davos, switzerland. she'll bring us the latest from there in a moment. all-time highs. tech taking the lead in yields. three movers we're watching. netflix sales are soaring after reporting record sale numbers plus a plan to raise prices. we're going to get the street's take in a minute. proctters in the green thanks to strength in the baby and beauty segments. can watching tech shares like softbank and oracle. the president announcing a massive a.i. infrastructure investment backed by oracle, open

not technology, not the market, and not franklin templeton.e been a firm in motion for over 75 years, always innovating. today, we are a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future. today. franklin templeton your trusted partner for what's ahead. >> chad, how are we feeling about the pancakes? pretty mid. you know what's mid? bri. >> your aura. >> you've got to get off the internet. dad. >> okay. boomer. you're the boomer. that's a flex. >> and that's a flex. >> and i don't like it. can you make him stop. i'm going. >> to keep. >> it 100 with you. that's sus. stop saying sus. busan. >> in the time it takes you to master the slang, you could hav. >> we're back with the s&p 500, pacing for a new record close as . >>> we're back. s&p 500, not all areas of the market a winner in trump 2.0 according to our next guest. chris harvey with me at post nine. welcome back. >> thank you. >> not everything's going to win. a lot of optimistic. going t

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franklin templeton, your trusted partner for what's ahead. >> welcome back to the exchange. let's talk utilities for a second. it was such a hot sector all of a sudden, but it ended the year with a whimper, down 8% in december. in fact, having its worst month in over two years. fast forward to today, and even despite this week's deep tech related sell off, well, now it's up 3% to start the year having its first positive january. in fact, since 2020. dom chu has a closer look. in today's sector. nomics over at the cnbc data cube. >> all right. so welcome to sector nomics. and the focus today is utilities. and we are, as you point out kelly showing off our new cnbc cube. it's a new way to look at data and comparisons in the stock market overall using some of our kind of virtual reality computer generated image technology. now it's not common, but two utilities have been acting like hot tech stocks these days. in the past year, it's vistra and constellation energy. vistra, as you can see here, is up a whopping 316%, making it the second best performer in the entire s&p 500, nex

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not technology, not the market, and not franklin templeton.a firm in motion for over 75 years, always innovating. today, we're a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future. today. franklin templeton, your trusted partner for what's ahead. >> a new administration, new fed strategies. could the trump agenda impact inflation and the fed's next move? fed chair powell's crucial remarks and message to investors. power lunch tomorrow, 2:00 eastern. >> cnbc welcome back to power lunch with some green on the screen today for a change. the s&p up about 8/10 of a percent. the nasdaq nearly 2% dom. and that brings us to market navigator. >> all right so let's talk a little bit about the yield curve and what it's been doing and how to read the signs to profit in this kind of environment. now since last summer the 210 yield curve spread. short term long term yields right has been steepening consistently. that's a trend that picked up some steam afte

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franklin templeton, your trusted.ust about the ticket sales. it's maintaining that connectivity with her fans. >> the power of a fan base. >> she's built this billion dollar brand. >> she's able to do that in a pretty unique way dude, i really need a new phone. check out my new samsung galaxy s25 ultra. it's got galaxy ai. imagine this thing running on our superfast xfinity mobile network. and i also heard that it can do multiple things with a single command. —with google gemini. let me try it. add recipes with overripe bananas to my “dessert ideas” note. that's what you chose to ask it? i had other things planned. ask how to get up to one thousand dollars off the new samsung galaxy s25 ultra with xfinity mobile. nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate likes what he sees... and he places the trade... talk about easier investing. nate jones... lines things up... checks his fidelity app... looks to outside analysts to get a second opinion. nate

so now the site of franklin templeton. -- so now the site of franklin templeton.in the neutral range. what is the difference between the two of you at the moment? sonal: the policy has not been restrictive for a while now. when he said it was hard to figure out what neutral is, you know, facts matter. over a period of time we have been in extremely restrictive territory. clearly we were not that restrictive because economy shows us. i would say that i think a part of the reason the fed cannot say that, you know, we are all from -- that we are far from being in the neutral rate range is in the next step it would be, why aren't you raising rates? i don't think they need to, but they are going to keep them high for a long period of time. lisa: you are someone who raised the prospect of longer-end yields rising. does this dampen that risk if there is a fed that might not be saying exactly what you see to be the reality but is not moving, is not really raising rates, but is not lowering rates either? sonal: well, no, because i think a large part of the reason i think l

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not technology, not the market, and not franklin templeton.ver 75 years, always innovating. today, we are a leader in public and private markets, digital assets and custom tax management. empowering advisors with solutions to build the portfolios of the future today. franklin templeton, your trusted partner for what's ahead. >> we're seconds away from the first look at fourth quarter gdp. initial jobless claims as well. take a look at futures. got some red on the dow about 62 points off nasdaq. up about 106 points. we've got the s&p 500 up about 15 points. so your treasuries right before we hand it over to our friend rick santelli who i know is standing by. but the ten year at 4.492. the two year at 4.191. and as i mentioned mr. santelli is of course standing by at the cme in chicago. i know you've got the numbers in about 15 seconds. yeah. >> about 15 seconds. >> you know what's noteworthy here is today's a big. day after the fed meeting where we did nothing in. >> terms of we. >> had a pause. >> ecb lowered. we're flirting. >> with. four and

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not technology, not the market, and not franklin templeton.ve been a firm in motion for over 75 years, always innovating. today, we're a leader in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the with solutions to build the portfolios of the future today. finding the right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, deep industry knowledge, and a 75-year history of innovation, we don't follow the herd. we lead it. for all those making it big out there... ...shouldn't your mobile service be able to keep up with you? get wifi speeds up to a gig at home and on the go. introducing powerboost, only from xfinity mobile. now that's big. xfinity internet customers, cut your mobile bill in half vs. t-mobile, verizon, and at&t for your first year. plus, ask how to get the new samsun

franklin templeton, your trusted partner for what's ahead. >> earnings season on cnbc takes you inside numbers. and when the ceos have a big announcement, they come here first. >> a wild hour of. >> earnings. >> earnings season special coverage all this month on cnbc. strategy at the market's final moments. >> we're now in. >> the closing bell market zone here to break down the crucial moments of this trading day. >> market zone commercial free coverage sponsored by e-trade from for all those making it big out there... ...shouldn't your mobile service be able to keep up with you? get wifi speeds up to a gig at home and on the go. introducing powerboost, only from xfinity mobile. now that's big. xfinity internet customers, cut your mobile bill in half vs. t-mobile, verizon, and at&t for your first year. plus, ask how to get the new samsung galaxy s25+ on us. living thuma. >> welcome back down in miami, the house republican issues conference is underway. typically a time for lawmakers to lay out their agenda. although the emergence of china's deep sea prompted house speaker mike johnson

. >> not franklin templeton. we've been a firm in motion for over 75 years, always innovating. today. we are a leader in public and private markets, digital assets and custom tax management, empowering. >> advisors with solutions to build the portfolios of the build thnice to meet ya.the future. today. my name is david. i've been a pharmacist for 44 years and i'm from flowery branch, georgia. when i have customers come in i recommend prevagen. number one, because it's effective. does not require a prescription. and i've been taking it quite a while myself and i know it works. and i love it when the customers come back in and tell me, "david, that really works so good for me." makes my day. prevagen. at stores everywhere without a prescription. this second trump administration? >> i think radical change. >> i think tiktok will be allowed to continue in this country, but there will be a shift in ownership. >> the main. >> thing is not just. >> cutting costs. >> but getting rid of all the regulations. >> i will. >> very simply put america first. >> the trump impact on business and

. >> sponsored by franklin templeton, your trusted partner for what's ahead.he right path takes experience. as a national leader in municipal investment banking and wealth advisory services hilltopsecurities can help you find the best path to reach your financial goals. with the backing of a diversified financial services enterprise, deep industry knowledge, and a 75-year history of innovation, we don't follow the herd. we lead it. >>> welcome back to "squawk on the street." stocks are rallying across the board. meanwhile european data showing inflation quarreling in the uk. our next guest manages various funds including the oakmark global fund. the portfolio manager joins us now. you know, it has been rough for international equities. the u.s. continues to be he center of the action. is there anything that you are seeing, david, that looks like that will change? >> if you look at the last 10 years at the index, it's barely up 4, 5%. s&p 500 is up 13 or 14% but we are getting so lopsided. evaluation differential is getting so large that i think we are looking

. >> franklin templeton. we've been a firm in motion for over 75 years, always innovating.er in public and private markets, digital assets and custom tax management, empowering advisors with solutions to build the portfolios of the future. today. franklin templeton, your trusted partner for what's ahead. >> we're not about trading. >> we're about investing. >> jim cramer. >> is an excellent teacher for someone that wants to learn how to manage their own money. he teaches how to invest. >> versus just what trades. >> to make. >> it's more than a club. it's an experience. >> go to cnbc.com slash join jim. and now the answer to today's aflac trivia question. in 1915 congress merged the life-saving service and the revenue cutter service into what government agency? the answer the united states coast guard. >> welcome back to squawk. president trump speaking to house republicans in miami, where he covered everything from tariffs to deep sea. i want to get straight over to emily wilkins, who joins us with the latest. emily. >> hey, andrew. well, yeah. last night, trump pledged a

franklin templeton your trusted partner for what's ahead. >> it's not just about the ticket sales.y with her fans. >> the power of a fan base. >> she's built this billion dollar brand. >> she's able to do that in a pretty unique sample pack. genew only $1 per tablet at wrexham.com slash 30. >> welcome back everybody. a programing note for you tomorrow right here on squawk box. verizon ceo hans vestberg will join us for a first on cnbc interview after the company reports its quarterly results. a few earnings headlines this morning. of note, american airlines beating expectations, but that stock is way down. we're looking at shares of apple right now. let's try american airlines. maybe we can get that up. this is a guidance story for the first quarter. american is projecting a loss of somewhere between 20 to $0.40 a share, compared to the street's expectations of $0.04 a share. american thinks that the big reason for the difference here between what the street was expecting and what they actually are expecting, is that some analysts didn't fully account for the extent of labor contra

have a home tie in the last 16 after victory in a nine—try thriller over munster at franklins gardens. craig templetonp meeting in the last few months. saints won the previous two and were quickest off the mark here. quick restarts, quick hands. if it is speed you are after, just watch this. not only does he outpaced two defenders, but then he is somehow able to control and finish. that moment gave the irish side the momentum and when nash found himself with space on the other side he, and munster were flying. saint then proved why they are english champions. they levelled and then not to be out done this player provided his own score. munster pulled them back but they could not stop the saints all see break. this is what it looks like to score a european hat—trick. they held on to seal the top spot. next stop, the knockouts. the bristol to have any chance ofjoining them there, they need to win in france against clermont and hope other results went their way. 12—0 down at half—time was not what they were after. they ride in a second half and managed to level the score. that hope that they were given l

franklin templeton, your.or what's ahead brian sullivan joins kelly evans power lunch, weekdays two eastern, cnbc. i was studying molecular biology. >> going to grad school. >> i started investing a little. >> money. >> for my. >> dad and i got bitten by the bug. i was a stockbroker. and it's. >> fun. >> but we all wished we could just follow the markets and talk. my ambition was to be able to pay my bills and not have to constantly be selling. in today's world, i would urge a lot of people to get. financially savvy. squawk box and cnbc. it is my home. it's the greatest job in the world. >> welcome back everybody. johnson and johnson reporting earnings and revenue that >>> welcome back. johnson & johnson are reporting earnings and revenue that beat analyst expectations. the stock is off by 0.3%. this is johnson & johnson's executive vice president, joseph wolk. let's talk about what happened. for the quarter, you beat expectations on the top and the bottom line. you gave guidance on what to expect in 2025. whe

franklin templeton, your trusted partner for what's ahead.ntellit donkey. you mean a smart?, that does it for us today. make sure you join us right back here next week. have a great weekend. squawk on the street begins right now. >> good friday morning. welcome to squawk on the street i'm. >> carl quintanilla with jim cramer david faber at post nine of the new york stock exchange. stocks look to close out the month of january with a gain maybe to all time highs, while also bracing for the possibility of tariffs. this weekend. pce was broadly in line with that 12 month headline does rise to 2.8. our roadmap begins with apple's bounce today. shares are rallying after a positive sales outlook, signaling an iphone recovery. >> plus trump's tariff deadline. >> the president has confirmed he will impose 25% tariffs on imports fm