back over to you. >> all right eamon thank you, eamon javers.ging almost 7% on reports activist investor elliott is building a stake in the oil giant. elliott and bp not commenting on these reports. the reports on bp helping the energy sector etf up 2% today. bp, we should note a real laggard in terms of performance versus peers, exxon as well as chevron here. what do you think? >> i think bp is probably the cheapest integrated by far. i think. >> the capital. >> structure, the analyst community will point out that they should be issuing more debt and not buying back stock, that they're, you know, they have a cash flow machine on the upstream side of their business and that they should actually take advantage. >> of that. >> the high end bp, the stock i think was 18 years ago, and it's been a complete underperformer ever since. a lot of room to run, but xle at 90 bucks to me is still cheap here. >> up next final trades. >> next. >> if the market is becoming more skeptical about these types of massive ai investments and even punishing companies t

as well eamon javers. >> all right. so let's kind of pivot. but stay on the topic of your money because there's a huge debate slash fight going on around washington dc right now. and it has to do with how your tax dollars are being spent. because an important thing i mean, lots of important things are said on cnbc. but this was really important yesterday and i think you might have missed it. okay. in the 11:00 eastern time hour, the ceo of easterly government properties said this about government spending on buildings. >> now there's. >> a fourth lab. >> that's going to be built, built. in denver. and the government has said that they want to build it and own it themselves. well that's great. what we just learned is that for. them to construct it is 3.2 times greater than what we could build it than what we could build it for, so we could instantly save. >> the government $80. >> million. >> just bringing. >> that public private. >> partnership together. all right. that was kind of a quick comment from the ceo there. bu

let's bring in eamon javers. what can you tell us eamon. >> hey there kelly. well, the white house confirmed this week that elon musk is serving as a special governmental employee. now, that's a specific legal category inside the federal government. and it comes with certain requirements and also certain restrictions. a white house official told cnbc on tuesday that musk will comply with all the rules and regulations that govern these special governmental employees and according to the federal office of government ethics, that means that musk won't be able to serve for more than 130 days during any given year. now, we don't know on what date that clock started for musk's job, but it is ticking, and that does give him a sense of urgency here. if he wants to serve longer than about that six month period. the white house is going to need to find another role for him. a special governmental employees are also required to file public financial disclosure documents within 30 days of assuming their position. given musk's vast holdings, those documents could make for

eamon, appreciate it very much. eamon javers in washington.et to seema mody now for the cnbc news update. seema. >> kelly. good afternoon. the u.s. justice department is suing the city of chicago and illinois over immigration policies. in a complaint filed today. the doj said three of the states and cities ordinances, which give protections to state citizens and city residents regardless of immigration status, interferes with federal immigration officials from carrying out their duties. president trump will sign an executive order sanctioning the international criminal court for targeting both the u.s. and israel, according to a fact sheet from the white house. the order will use both financial sanctions and visa restrictions against unnamed court officials and their family members found to have helped investigations of u.s. citizens or allies, and a bipartisan group of lawmakers moving to ban china's deep seek ai chatbot app from government devices, saying the app is a national security risk. it comes after cybersecurity firm fruit found hidd

let's get to eamon javers. eamon, what's the latest? >> kelly we're. >> about to see president trump in the oval office have called the white house press pool here to go in. so we'll see that momentarily. i'm told that what we're going to see here is the president officially signing those steel and aluminum tariffs that he talked about yesterday, 25% across the board tariff on steel and aluminum. what we're not going to see, at least at this time, is the reciprocal tariffs that he'd also talked about on countries that have tariffs against the united states. that set of tariffs is going on a separate track, i'm told. not clear whether that's later today or later this week. but we're not going to see that at this event that's coming up here in a short amount of time. we're also going to see kelly, the president, signing an executive order related to the foreign corrupt practices act, according to a white house official. now that's important. that's the law that makes it illegal for american companies to bribe foreign officials overseas. w

eamon javers has more on that meeting between musk and president trump. eamon. >> yeah, melissa. it ended up being something like a half an hour news conference with elon musk and donald trump. and elon musk was asked by reporters in a number of different ways about the critics of doge, his government efficiency operation, who say that elon musk is basically operating without any accountability, without any transparency, without any checks and balances in the normal course of business. here's what elon musk had to say about that. >> all of. >> our actions. >> are are. >> fully public. >> so if you. >> see anything you say like, wait a second. hey, you know that. that seems like maybe that's, you know, there's a conflict there. it's not like people are going to be shy. >> about saying that. >> transparency is. >> what builds trust. >> not. >> simply somebody asserting trust. it's not somebody saying they're trustworthy, but transparency. so you. >> can see everything. >> that's going on and. >> you can see, am i doing. >> something that benefits. >> one of my companies or not? >>

eamon thank you very much for that update. that's eamon javers on the north lawn for us. what to watch for when lift and gilead report in ot. we do that in the market zone. and that's coming up next. >> selling a. >> car is a big deal. you've had some. >> big moments okay. and some. >> wrong turns. >> but when you're ready. >> to sell. >> car gurus. >> is a big help. >> get multiple. >> get multiple. >> offers instantly so. it's a smart move to get a second opinion. you do it when you're looking for a contractor. you definitely do it with medical advice. so why not with your stock market investments? we can help you see opportunities you may be missing. at hennion & walsh it only takes a second to schedule your free second opinion. so what's there to lose? speak to hennion & walsh. the second opinion people. >> breaking economic news. january's consumer price index insight on inflation amid tariff concerns. plus, the lyft ceo on his company's latest results. squawk fda approved treatment for this disease. now, okiyo pharma is racing to become the first biotech ever with a

let's turn to eamon javers.s happening kelly. >> that's right. >> the us is announcing. >> now the. release of an american. >> prisoner in. >> russia, mark fogle. >> he'd been. >> held in. >> russia on charges. >> of marijuana possession. >> he is now being released. by the russian government, the white house announcing that he is in the company of special envoys. >> steve. >> witkoff. >> who is leaving russian airspace. they said just within the past couple of minutes with mr. fogle, president trump, steve witkoff and the president's advisors, they say, negotiated an exchange that serves as what they're calling a show of good faith from the russians and a sign that we are moving forward in the right direction to end the brutal. >> and terrible. >> war in ukraine. so, kelly, a couple of items coming together here to indicate some tectonic plates kind of shifting under the surface here. one is this prisoner release. the other is the fact that we now see that vice president jd vance will be meeting with the ukrain

back over to you. >> all right eamon thank you eamon javers. so savita how are the markets taking all of this. >> well i mean. >> we've had a you. >> know a positive. >> start to the year. >> i think. >> there still. >> is a lot of liquidity. >> out there looking for a home. i think there's. >> still a lot. >> of cash on the sidelines. we still get the question. >> my client. >> has a lot of cash. >> should they. >> buy now. >> or wait for. >> a. better entry point? which means there's probably not going to be a better entry point until we stop getting that question. look, i think that it's a tricky right now because where we are is an environment where the uncertainty is, is, is high. the other factor that we need to think about is, you know, are our allies going to continue to trade with us if, you know, if we're playing hardball with them right now? so i think that's the other kind of longer term ramification here. i mean, i think that so far what we've. seen is that us corporates are actually in a position where they can handle tariffs, the

good morning eamon. >> yeah good morning carl. exactly when we're going to see the president issue these new tariffs today. there is an event here at 1:00 this afternoon in the oval office where we might see the president on camera actually issuing these tariffs. we'll keep an eye on that. here's what the president said yesterday about what he's exactly going to do today. >> we'll also be announcing steel tariffs on monday. tomorrow monday. yeah. tomorrow. what happens with those. go on everybody. steel if you think that makes any steel coming into the united states is going to have a 25% tariff for aluminum to. >> meanwhile kevin hassett, the national economic council director, was on cnbc a couple of hours ago. guys, you know, there was this question that came up as trump was talking on air force one yesterday. he said something about there being fraud in u.s. treasuries. and a lot of people were immediately questioning, well, is he talking about the us treasury market, the debt markets? it looks like. and the guidance i'm getti

so we just don't know. >> yeah eamon thank you eamon javers in dc. due to earnings. you've got alphabet shares down sharply amd shares down sharply as well. uber shares accelerating their losses. also we'll have a lot more coverage of those names and more coverage of those names and many others in the -what've you got there, larry? -time machine. you gonna go back and see how the pyramids were built or something? nope. ellen and i want to go on vacation, so i'm going to go back to last week and buy a winning lottery ticket. -can i come? -only room for one. how am i getting home? sittin' on my lap like last time, ronald. fine, but i'm bringing this. [ whirring ] alright. or...you could try one of these savings options. the right money moves aren't as far-fetched as you think. there it is. see? told you it was going to all work out. thanks, future me. interest at the center of every decision. >> our business is built around being responsive to our client's ever changing. >> needs as an advisor. >> as there are a custody services provider. >> i see my.

let's get back to eamon javers eamon, what can you tell us?know that. >> president trump has just concluded a phone call with russian leader vladimir putin. caroline leavitt, the white house press secretary, is conducting a briefing which is ongoing right now here at the white house. she confirms that the president spoke to putin earlier today. the president issued a post on social media saying that he had a very productive conversation with vladimir putin. caroline leavitt also saying that the president spoke with the ukrainian leader, volodymyr zelensky and that that conversation was productive as well. so clearly ongoing three way negotiations. now, in terms of some kind of grand deal designed to end the ukraine war, whether or not that will be successful, obviously still tbd, but the conversations have now started on a leader to leader basis from here at the white house. caroline leavitt also suggesting that the president is going to announce his plan for reciprocal tariffs tomorrow before the indian leader, modi, meeting here at the white

there's eamon javers for us. now let's bring in lauren goodwin of new york life investments and brian levitt of invesco. it's great to have you both here as well. lauren, you get the first shot at this market today. we know that tariffs are coming. i mean at least we think because it's been telegraphed that we're going to get 25% tariffs on steel and aluminum. and yet the market looks pretty good today. what does that say. >> well the market. >> is reacting. >> to tariffs in a context of an economic and earnings backdrop that's been. >> really strong. >> gives a lot of resilience. >> to some of the headline inflation and other news that. we've been getting. i think. >> though, that one of the. >> reasons why the market has been so incredibly well behaved. >> is because of the. >> december inflation print we. >> got in january. it's helped keep the ten year yield relatively well balanced. >> it's helped to sort of create. >> a ballast against some. >> of these. >> outside pressures that we're seeing now. >> that.

eamon youtube, but keep it here. eamon is next a just a mystery. absolute mystery.ed. the women were alone, and he never knocked. that's when i realized somebody had been in the house. and she started to cry. said, no, everything is gone. keith morrison (voiceover): it's slip in, steal out. she tried to tell him, let me live. he didn't listen.

eamon javers joins us. now with more. hey, eamon. >> hey good morning joe. >> you're right. president trump was very busy yesterday. >> including this interview with. fox news's. >> bret baier that aired. >> in the. pre-super bowl. hype on fox yesterday. >> bret baier. >> asked the. >> president if he trusts. >> elon musk. here's what he said. >> trust elon. oh. >> he's not gaining anything. >> in fact, i wonder. >> how he can devote the time to it. he's so into it. but i told him, do that. then i'm going to tell him very soon. >> like maybe in. >> 24 hours to go check the department of education. he's going to find the same thing. then i'm going to go. go to the military. let's check the military. we're going to find billions, hundreds of billions of dollars of fraud and abuse. but i campaigned on this, bret. >> and separately. >> from that interview. >> as you guys have been talking about, president trump talked to. >> reporters on air force. >> one and said he is going to put those tariffs on steel and aluminum. 25% on inbound steel and aluminum. >> from anywhere in. >> t

eamon youtube, but keep it here. eamon is next a just a mystery. absolute mystery. keith morrison (voiceover): it was usually dark when he arrived. the women were alone, and he never knocked. that's when i realized somebody had been in the house. and she started to cry. said, no, everything is gone. keith morrison (voiceover): it's slip in, steal out. she tried to tell him, let me live. he didn't listen. keith morrison (voiceover): his crimes were chilling. his crimes were bizarre. it's a little creepy to hear something like that. yes. very creepy. it might just be a scream. i felt so scared for her, for me, for all the women. chris malette: and i just about fell off my chair. brenda constantine: we were in that much danger and didn't even know it. detective: what would you be willing to give me today to help me move past you in this investigation? keith morrison (voiceover): it was january 2009. brenda constantine and her husband brian rogers and their three teenagers, two boys and a girl, spent the new year's holiday the way they always had-- a trip out of town an

eamon javers joins us now. >> with more. >> eamon. >> yeah. good morning robert. president trump made a surprising. >> suggestion last night during. >> a press. >> conference with israeli. >> prime minister benjamin netanyahu. the united states, he said, should take. >> over the war torn. >> gaza strip. >> where israel has. >> engaged in a bloody. >> war with. >> hamas for more than. >> a year. >> and redevelop it. >> into something like. >> a seaside resort. here's what he said. >> the u.s. will take over the gaza strip, and we will do a job with it, too. we'll own it and be responsible for. >> dismantling all. >> of the dangerous unexploded bombs. >> and other. >> weapons on the site. >> level the. >> site and get rid of the destroyed. >> buildings. >> level it out. create an economic development that. >> will supply. >> unlimited numbers of jobs and housing for the people of the area. >> now, trump said he sees the area as the riviera of the middle east, and that developing. >> it would. create thousands of jobs. he also. said american. troops could be involved

. >> eamon, we're getting an idea of what teams will be doing on the water tomorrow.the army corps of engineers is coming in. they've already moved some ships and cranes into this area, and the intention is to start lifting the aircraft out of the water monday morning. first, they will focus on the fuselage of the airplane that is in the water here. we understand that that lifting process could take up to three days. that will be the time that they focus on that. and the colonel here tonight who gave a briefing telling us how they plan to do this, said that if during the process of lifting the fuselage out of the water, they do encounter more, more remains. they would stop that work and then focus on recovering those remains first and then return to lifting the fuselage later in the week. we can expect them to focus their energy on lifting that blackhawk helicopter out of the water as well. we were told today by d.c. fire officials that they have now identified, recovered and identified the remains of 55 of the 67 victims in this air collision. we also understand that

eamon. >> all right. >> nbc's aaron. >> gilchrist with that update. >> aaron. >> thank you.w details about. >> the. plane crash. >> in philadelphia. seven people are now confirmed dead in that accident, including one person on the ground after an. air ambulance carrying a pediatric patient went down shortly after takeoff last night. roughly 4 to 5 blocks were hit by debris. at least 19 people were injured. the ntsb, which is simultaneously investigating the dc crash as well as this one, said it is still looking for the plane's black box. >> for the. cockpit voice recorder. we are still looking for it. it could be intact, but likely it is very it is damaged. it may be fragmented. so if there are citizens or business owners or others. who find debris. please email the ntsb. >> all six people on the plane were mexican nationals. the jet was carrying a child patient en route to mexico after receiving life saving treatment here in the united states. after a quick break, we return to the other breaking news tonight. trump's tariffs against canada, mexico and china and what they me

auto sales, though we were told today, eamon javers said that the white house indicated there may be exceptions for the auto industry. what type of exceptions? unclear at this point in terms of the reciprocal tariffs. so that's the key melissa. you need to know exactly which ones are being put in place. the steel and aluminum i mean that's a hit to the automakers. even if you're domestic doing your domestic sourcing as much as possible, you're still going to pay. and i and i've talked with executives in the auto industry who said they're paying. they will pay in some fashion. now, is it 4 to $500 for every vehicle? it's a little too soon to tell. >> all right, phil, thank you. phil lebeau. so how do we digest? we saw the reactions initially right when it was revealed that there might be tariffs. and we saw all of them sell off very sharply. >> yeah. you know and this. >> goes to. >> ken griffin's exactly what ken griffin was saying that this sort of, you know, chaotic situation isn't good for ceos. it isn't right for just this reason. i mean, the first thing i thought, though, i mean

. >> and our eamon. >> javers has the latest on eamon. >> the optics. of that. >> presser. >> the ap getting locked. >> out and of. >> course the. >> coverage today. >> from multiple outlets on. >> how musk. is literally. >> deregulating himself. >> yeah that's right carl. the ap was locked out because they their style guide, does not acknowledge the name change for the gulf of mexico to the gulf of america. so that is a spat between the news agency and the white house. but what we saw yesterday was an impromptu press conference in the oval office with elon musk and his young son, x, standing just to the side of donald trump at the resolute desk, musk took on some of his critics, who have blasted his doge efforts as a hostile takeover of government by painting those efforts as just an innocuous fact finding mission designed to cut wasteful spending. he highlighted a couple of items he's found so far, including that the treasury department's software system sometimes don't include fields describing the nature of the payments, and that the federal governm

i never get to see my brother eamon again. i'm getting married soon. he doesn't get to be there, but it means a lot to someone like me that there is a president out there that even if he's picking a million fights with a million different people, that's one thing that's always going to resonate. >> i'm so sorry to hear that. thank you. >> yeah. >> but congratulations on getting married. >> thank you. yes. so many ups and downs in life. >> two of president trump's more contentious cabinet picks passed crucial committee votes today, which means that they will ultimately likely end up on the floor of the senate for a full vote. tulsi gabbard robert f. kennedy jr.. but do they have the final votes to get across the finish line? stay with us it's the news. >> welcome back. >> but it's also kind of not the news. >> joe kent dana bash do that. >> do you know there's three. >> lesbians on. >> this panel? >> am i one of them? >> if you drink tap water and your balls still work, please clap. no, michael, we don't fact check it. we don't care, man. why all the in