other airlines moving lower in sympathy. delta slowdown when it comes to both consumer and business spending. looking across you're seeing united airlines also pulling back nearly 8%. alaska down more than 5%. and a check of financials if you if you were looking at the calendar yesterday, the two year anniversary of the svb crisis, we saw financials move lower this morning. a bit of a rebound. right now, if you're looking at the at the broader financial sector seeing a pullback right now. the kbe etf one that we very closely follow. pulling back more than three quarters of 1%. but look at this. regional banks actually rebounding quite a bit up more than 1% in the premarket jp morgan chase shares up over a half a percent right now. and we want to check the bond market this morning looking at treasuries, the benchmark coming in at 4.2%. actually pulling back a few basis points. maybe some growth concerns, recession concerns, pulling back as investors move into the ten year for safety. and also we look at another safety trade this mo

goldman sachs and delta airlines are latest to downgrade economic outlooks citing weakening demand andcerns. meanwhile, china slapped new retaliatory tariffs on u.s. agricultural products like beef, poultry and wheat. ontario, canada added a 25% surcharge on electricity to three states, prompting the president to respond, we don't need your energy. the house could vote as soon as today on a gop bill to avoid a partial government shutdown today although one republican of kentucky, thomas massie, says he will vote no. the president on social media called for him to be pry married. t the. >> the house spending bill does nothing to protect social security, medicare and medicaid. >> reporter: there's new fears those programs are in jeopardy after trump's right-hand man elon musk attacked them once again. >> most of the federal spending is entitlements. so that -- that's like the big one to eliminate. >> reporter: this despite president trump's previous pledge not to cut them. and so even if the house passes the spending bill it will still need to get through the senate in order to avert a s

airline business. the southwest bag fee change is the slaying of the sacred cow. deltaressive stuff, isn't it? annmarie: it feels like hunger games right now at the airline conference. lisa: if you have ever been lined up to get on a plane it feels like hunger games too. it is not just the airlines that are aggressive, it is the people using the airlines. jonathan: lindsay rosner joins us now. you don't want to get in on that? lindsay: thank you, no. jonathan: something you said last time was the data is your friend. what is the data telling you? lindsay: it makes sense to take a page from the fed's book. there is nothing we have to do in markets right now to reposition necessarily. for us, we are waiting to see how the data unfolds. we need to learn more. jolts is not going to give us much information today because it is january. but we need to see, has the consumer change their path? we think not, but this data is going to help us. lisa: this sounds of so calm. i love this. people are talking about a parade of horribles. you are saying we could take a look at what is

and concerns about the consumer are piling up after a warning from delta airlines having a big impact across the travel space. delta shares down 8% on pace for their worst day only since about a year ago. brian. >> yeah. >> it is quite the selloff that we are in the middle of kelly. and let's talk to a man right now to kick off the show that knows something or other, not only about energy, but about tariffs and also about public companies. that is secretary of the interior doug burgum. he is the former governor of north dakota and also the former founder and ceo of a publicly traded company who sat on the board of other ones. so you are not only a ceo, a former governor, now secretary of the interior, doug burgum, very, very pleased to have you on power lunch. thank you very much. >> yeah, brian. >> great to be with you and. great to be here. >> at this. >> exciting conference. >> with you. well, let's start with the topic du jour. tariffs. i don't think they're causing all the market sell off, but they're certainly a big part of it. you're a former publicly traded company ceo. how do

4.7% and the s&p, 7.1%, among companies that have particularly bad days today american airlines, delta airlines and d retailerkohl's, those household names indicating bear worried about a pullback in american spending as concerns over the economy grow. >>> late word of deep cuts at the department of education, kelly o'donnell's been reporting on this story and he's now to get rid of the agency altogether. >> dramatic changes coming tomorrow, administration officials say a notice went out to all career employees at education that due to what's being called a security event, all of those employees are being told to stay home tomorrow and have their government issued laptops with them. d many of those workers, an estimated 2100 making up nearly half the civil service workforce will receive termination notices by email, losing their jobs effective march 21st. i'm told some of the leases for federal education offices aroundthe country are expected to be canceled. >>> now to the possible breakthrough involving the war in ukraine with ukraine announcing it's agreed to president trump's 30 day cease- f

and extra negative news like delta airlines sharply trimming its outlook for this year, saying they have weak domestic demand, pointing to a darker picture for the u.s. now, as you were saying, the white house has been down playing those fears, basically saying it's short term pain for long-term gain. the investment by several businesses investing billions in the u.s. economy point to a more positive picture. we'll have to wait and see at the moment as the stocks future is slightly positive this morning before important inflation data that we await later this week. >>> new this morning, the justice department's attorney says she was fired for what she believes is refusal to recommend that mel gibson have his gun rights restored. after failing to recommend his gun rights be restored, she got a call from an official who allegedly said, quote, mel gibson is a friend of the president, and that shouould be justification enough. several sources familiar with the situation tell nbc news that within a few hours, she was handed termination papers and escorted out of the building. according to a d

airlines. if you don't flew, guess you don't need a car rental. avis, delta, american airlines, old dominion concern avis is just getting clocked here. l it already had some questionable full-year earnings, and right now it's down about 10.5%, but some of that is looped n. to the nasdaq, i want to show you with nvidia. it's in the green. we've got it up with the nasdaq at the moment, up about three-quarter withs of a percent. invid. >>'s up 3.6%. the socks, this is interesting, the philly socks index which is a basket of semiconductor names, it had hit a 5 52-week low, it has now reversed, up just a fraction at the moment. but the 5-day picture is pretty ugly, in fact, it's more than about a 6%. our floor show traders are ability to give you their best advice. this is hard, we know it, on protecting your portfolio especially during these conflicting headlines that seem to be changing every month -- every minute, rather. president trump's biggest and so far -- latest and so far biggest tariff threat had the u.s. aluminum countries in the green like century alu

but you say you might come back >> i mime m >>> delta airlines slashed its earnings outlook for the yearr travelers because of trump's trade war and the falling stock market. but if you are planning a trip this summer, to italy, for instance, there is a hidden treasure you don't want to miss on your way to the amalfi coast. seth doane paid a visit. ♪ >> reporter: faith and fortune have intertwined in naples over th centuries to create one of the world's great treasures. >> here there are thousand of precious stones. there are 3,326 diamonds, 198 emeralds, and 168 rubies. >> reporter: that's a single headdress elaryea duva explains, like one an archbishop might wear, if he could. >> this was never worn by a person because it weighs almost 40 pounds. >> reporter: a person's neck wouldn't be strong enough. >> no, no, no. not one. not even mike tyson has such a neck. >> reporter: maybe mike tyson. these devotional objects, gold, and gems donated over the centuries are kept many this vault-like museum in naples, italy. duva, who helps run the exhibition, says when it comes to security for suc

delta airlines is partnering with start-up company jet zero to develop a blended wing commercial aircraftt's expected to look when it's finished. delta says the first of its kind passenger plane will up to 50% more fuel efficient than current aircraft. delta says the plane will be able to carry more than 250 passengers with less noise. a test model is set to take flight in 2027. >>> when "cbs news roundup" continues, the president has described border security as a national emergency. we'll take a look at what he's doing about it, coming up right after this. [young boy narrator] what's your magic number? mine are 3, 6, and 12. take me home and love me for 3, 6, or 12 months. your choice. choose your own adventure. make me yours. show me your world for 3, 6, or 12 months. so, what are you waiting for? find your magic number and raise a future guide dog today. ♪ my name is william yank, i'm a 23 year old three time leukemia survivor. one evening my roommate was trying to talk to me and i responded in a delirium of mess and confusion and he said we are going to the er immediately ...and came

. >> meantime shares of delta sinking after the airline slashed its q1 guidance. our phil lebeau just spoke with ceo ed bastian in the last hour. he joins us with more on this. phil. >> melissa, this is guidance for the first quarter where delta has brought down its expectations and brought them down substantially, but they are not changing their full year earnings guidance. so for the first quarter, here's the new guidance earning 30 to $0.50 a share, previously expected to earn between 70 and $1. so they've cut it basically in half revenue up 3 to 4%. previously expected it to grow 7 to 9%, operating margin 4 to 5% versus the previous guidance of 6 to 8%. essentially, they're seeing softness in domestic demand. here is ceo ed bastian. >> we saw companies start to pull back in terms of corporate spending started to stall. consumer spending started to stall, largely domestic, largely in the close in. but it was also exacerbated, as you know, the uncertainty that's out there and consumers in the discretionary business do not like uncertainty. and while we do believ

number of businesses. >> including just. >> delta. >> airlines. >> to name one. >> said they really.hrink because. >> they're seeing such. >> uncertainty here. they're coming out against they're saying. >> look. >> the negative. >> impact coming. >> from the trump. >> economic policies. >> so combine. >> that. >> the market's sliding with. >> what elon. >> musk said. >> and i don't know. >> feels like there might be. >> some real panic. >> from republicans. >> there in washington as. >> they try to put, especially as they. >> try to put together. a deal to. >> keep the government open. >> yeah. the private panic, though, has been palpable for the entire time of this administration because the volatility isn't helping republicans do the already precarious stance that they have to do, not just on government funding, but separately on the larger reconciliation package that will include that 4.5 trillion in tax cuts, which, again, is the backdrop for all of the moves that you're seeing from musk and from other entities within congress and the white house of trying to cut spending. and th

i saw an interview this morning with the ceo of delta airlines, and they're saying both businesses and individuals are pulling back on flying. so once you introduce uncertainty and people become concerned, you're talking about a potential slowdown in the economy. >> yeah. people are already concerned about inflation, already concerned about high prices. and it seems as though there's evidence that those prices are just going to continue to go up. specifically, can i talk with you for a moment about tesla down more than 50% from a 52 week high, concerns about vandalism that's happening at tesla dealerships and things an actual tesla owners concerned about their individual cars being keyed or vandalized. when you have someone like elon musk now stepping into a government role, and we're seeing the effects of that in in his businesses. i mean, tesla down more than 50%. that's substantial. >> it is. and it's all of what you said is true. it's certainly in the headlines. but i think the bigger news on tesla is that the interest in evs, people going out and buying evs has slowed down. and on

companies, including delta airlines, also lowered their earnings projections, attributing the cuts toer demand and ongoing trade uncertainty. openai officially opened its new headquarters in san francisco's mission bay neighborhood. the grand opening marks a major commitment to the city, with plans to grow from 2000 to 4000 employees in the coming years. city leaders, including mayor daniel lurie, are hopeful that openai's presence will boost the local economy, especially as downtown works to recover from post-pandemic office vacancies and tech company departures. one expert tells us openai's move is a positive sign for the city's role as a tech hub. however, she urges the city to diversify its economy, pointing out that relying solely on ai could limit long term growth. >>>>we are. sort of the tech, you know. epicenter of the country, and i think that we should harness that and we should invest in that, and make sure that we're, you know, we retain that sort of standing. but i think it's really important to also not bet all of our cards on one industry and make sure that we're sort o

delta airlines is working on a new passenger jet.the company says it has partnered with jet zero to design this first of its kind aircraft. it looks something like out of the jetsons. the company says the aircraft will be up to 50% more fuel efficient than conventional jets. plus, the plane's interior could be roomier, too, and can accommodate more than 250 passengers. jet zero hopes to begin test flights by 2027, and hopes to be ready for commercial use by 2030. a multi-million dollar grant from the air force is helping boost the development of the aircraft. mental health experts say it's important to unwind after a long work day, but researchers say you can make the most of your downtime. they highlight how hobbies in your free time can boost your career development. reporter ted lindner has a look at leisure work, synergy, and how you can tell if it's right for you. >> looking to get ahead at work without having to spend more time on the clock? researchers at purdue university say a practice called leisure work synergy may help. >

delta airlines slashes earnings outlook, citing weaker u.s. demand. why is delta citing weaker u.s. demand for air travel? it's because, quote, demand for air travel demand in the domestic market for air travel slumped in february after after a series of aviation industry accidents, winter storms and reduced government travel. just on that one piece of it, whether or not americans are interested in flying anywhere these days, after yet another plane crash this weekend, this time in lancaster, pennsylvania. the atlantic magazine is now reporting on how things are going at the faa under donald trump and his top campaign donor, elon musk, who owns both twitter and also spacex, the troubled spacex company with its subsidiary starlink, the satellite internet company. the atlantic reports, quote last week, disruptions occurred at airports from florida to pennsylvania because of the explosion of the spacex starship on its latest test flight, which rained down debris and snarled air traffic. when these disturbances occur, sometimes suddenly it falls to aeronautical information specialists t

. >> delta airlines slashes. >> earnings outlook, citing weaker. >> u.s. demand. >> why is. >> delta citing weaker u.s. >> demand for air travel? it's because, quote, demand. >> for air. >> travel demand in the. >> domestic market for. >> air travel slumped. in february after. >> after a series of aviation industry. >> accidents. >> winter storms and. >> reduced government travel. >> just on that. >> one piece of it. >> whether or not. >> americans are. >> interested in. >> flying anywhere these days. after yet. >> another plane crash. >> this weekend. this time in lancaster. >> pennsylvania, the atlantic magazine. >> is now reporting. >> on how things are going at the faa under donald trump and his top campaign donor, elon musk. >> who. >> owns both twitter. and also spacex. the troubled spacex. company with. >> its subsidiary. >> starlink, the satellite internet company. the atlantic reports, quote. >> last week, disruptions. >> occurred at airports from florida to. pennsylvania because of. >> the. >> explosion of the spacex starship on its. >> latest tes

to hide your drugs under something that everyone is definitely going to stare at. [ laughter ] delta airlinesortedly offered passengers on the flight that crash landed in toronto $30,000 each in delta credit with blackout dates excluded, and only on other upside-down flights. [ laughter ] and finally, the annual florida man games were held over the weekend. it was going to be shirts versus skins, but no one had a shirt. [ laughter ] that was a monologue, everybody. [ cheers and applause ] we're off and running. we've got a great show for you tonight. she's an academy award nominated actress you know from movies like "almost famous" and "glass onion." currently shes' starring in the fantastic netflix series, "running point." kate hudson is here. [ cheers and applause ] so happy she's back. and he is an emmy-winning actor you've seen in "the big lebowski," "o brother, where art thou," and spike lee's classic "do the right thing." he stars in the amazing second season fo "severance" on apple tv plus. john turturro will also be joining us. [ cheers and applause ] before we get to all that. welp,

and we've already heard concerns from the likes of delta airlines, american airlines pulling back their forecast for how much people could be spending on travel in this current quarter. you also have kohl's on the retail side of things guiding lower on their outlook as well. so again, these are companies that are worried that the c-suite concerns will spill over to main street as well. katie. >> ron, what is the white house saying about this conversation between doug ford and howard lutnick? >> nothing that i'm saying yet. i think it's notable that caroline leavitt's briefing wrapped up. and then this statement came out from premier doug ford of ontario, just here in the last few minutes. but i'm waiting to see from howard lutnick and the commerce department in the white house more official comments, because it's not clear the extent to which the u.s. is seeking to roll back any tariffs. of course, president trump the threat this morning and the indication that he would double the tariffs on steel and aluminum from canada from 25% to 50% was a threat. but the paperwork had not been form

. >> and delta airlines, citing economic uncertainty monday as it slashed its first quarter profit estimate by half. the move sending its shares down as much as 14%. the atlanta based airline is the first major u.s. carrier to report that economic worries are putting a dent in consumer and business travel. ken rogoff is a professor of economics and public policy at harvard university. he is also the former chief economist at the international monetary fund and joins us this morning from cambridge, massachusetts. ken, a pleasure to have you this morning. economic uncertainty. that's a phrase we're hearing a lot these days. recession. that's a phrase we're hearing a lot these days. you said earlier this week that you see the risk of of a recession this year rising to 30 to 35%. jp morgan puts it at 40%. quite simply, ken, why what are your biggest concerns right now for growth? >> well, the biggest concern is uncertainty. >> over policy. >> the president says he wants to have tariffs. some days. >> they're high, some days they're low. >> some days they're. >> on one country. >> some days. >>

and it might be a big seller because apparently it's stuffed with better pizza. [ laughter ] delta airlinesortedly offered passengers on the flight that crash landed in toronto $30,000 each or in airport terms, a large water and two bananas. [ laughter ] and finally, the second annual florida man games were held over the weekend outside st. augustine. sadly, several contestants were disqualified for testing negative for meth. [ laughter ] that was the monologue. we are off and running, you guys. [ cheers and applause ] we have got a great show for you tonight. our first guest, he is an emmy and grammy-nominated comedian you've seen in so many of the best shows like "portlandia," "snl," "wednesday," and more. he's also an amazing musician who led the 8g band here at "late night" for ten years. so excited to have my friend back on the show. fred armisen is here tonight, everybody. [ cheers and applause ] how about that? you know her from films such as "blink twice," "i wanna dance with somebody," and "star wars: the rise of skywalker." currently she's starring in "mickey 17," which is in thea

. >> well we just heard another warning from a major company, delta airlines, last night came out, slashed its earnings outlook. and what's interesting is the company said that they're basically blaming weaker demand that's being caused by crumbling consumer and corporate confidence. and they cite an increased macro uncertainty. the stock plunged last night about 15%. it's actually clawed back some of those losses. but still it's down another 5%. another airline southwest airlines just this morning came out slashed its outlook as well. blamed a number of factors including the wildfires in california. but what really stood out to me was southwest blamed again, weaker demand caused by uncertainty. also, they cited less government travel, which seems to be an allusion to the federal spending cuts. yeah, that's the first time i've heard that from one of the airlines. but i think this just shows how the loss of confidence can really translate to an actual impact in the real economy. and for the bottom line of companies. >> it bears out right now more evidence of exactly what you have been sayin

delta. >> airlines could be a buy? >> i do prefer united to delta. the group is really under a lot of pressure right now, but i think that they're going to have a very strong summer. i would hold on. and now let's go to sam in pennsylvania. sam. >> jim, how are you? >> i'm good. sam, how about you? good. >> i'm calling. >> today because. >> i am becoming. more concerned. >> about nike. >> you know, jim. >> we value. >> stocks on their future cash flow. and this is. exactly what. >> i fear. >> nike is hurting. >> by putting. >> out these. >> low quality products. you see, as a consumer, we're not going to make a. >> repeat purchase if the types that we're buying for the. >> same price. >> are falling apart twice as fast. >> so i really need. >> the new. >> ceo at nike to hear. >> me. >> when i say. >> focus on the quality. >> of the product. >> and. >> the engagement. >> will come. >> okay, so sam, let me tell you how i feel about it. i think that mr. hill is doing exactly as you say. i also think that the stock looks very expensive, but maybe they're

so you've seen, excuse me, mcdonald's, you've seen delta airlines go from roughly 70 down to almost the. hit that 50. you're almost at a 28% retracement. you look at the charts here and it does look like 5152 is not a bad place to possibly rebuild a position. >> yeah. and i'm going to take the cruise lines. i think that's pretty interesting. to me, this might be the proverbial canary in the coal mine. essentially, this whole experiential kind of cohort is really what we're saying is this is where the consumer is going to be. this is where they're going to allocate their last dollar. this is going to be the last thing that they take away. >> is it cruise? >> it's a cruise or some type some type of vacation, some type of experience as opposed to goods. and being that we're seeing weakness here. to me, that coupled with the drop off in consumer confidence, to me, i don't think that should be ignored. >> coming up, tech stocks posting their third straight week of losses as momentum comes out of the megacap tech trade in a big way. we'll talk to investor rick heitzmann about whether these on

that's especially after delta airlines warned it.xpects profits to be lower than previously indicated because of a slowdown in both business and consumer spending and travel. and this morning, some popular retailers like kohl's and dick's sporting goods also painting a picture of a consumer slowdown. then there's the tech trade. that tech trade has really powered the stock. market over the last two years. it's certainly unwound in recent days. and one of our most notable. >> personalities here on. >> cnbc. >> jim cramer. >> of mad. >> money, he made a statement yesterday. a lot of people are paying attention to he's saying the magnificent. >> seven. >> that's the basket of stocks that have really powered the stock market. those eye focused stocks just doesn't exist anymore. >> according to cramer. >> he says tesla and nvidia, an ai name that's gone from obscurity to ubiquitous. they're just not magnificent anymore, according. >> to. >> him, he says. they're just not magnificent. they're simply meme stocks right now, the kind of twist

and you've seen that in the corporate earnings reports this week, such as delta airlines saying that they're forecasting perhaps a recession and reduced consumer demand. and so their stock dropped about 15%. so this is the worst case for business leaders that had been expecting a soft landing. but now could be a recession later this year. >> so that question of a soft landing and a potential recession, the number of job openings grew across several major sectors in january. but then two weeks ago, we saw jobless claims spike some 242,000 jobs. what does the job market look like overall? how might it be impacted by this trade war? >> well, i think a lot of people see this as the calm before the storm because just with doge, you have so many government jobs and then the threat of a recession now, i mean, usually the u.s. economy is an aircraft carrier that takes a long time, and there's only so much the president can do. rarely has the economy been so directly tied to the president and the president not seeming to care that much about plunging the u.s. economy into a recession for what

delta. >> airlines cutting their outlook, saying. >> they. >> have weak domestic. >> demand, kind of pointing goldman sachs trimming its outlook as well, following morgan stanley for the us economy. so we see this nervousness playing out. the white house is downplaying this sell off saying look they have billions of dollars being invested into the us economy. and so they see a potential clearer outlook for the us economy, but all pointing to something negative short term. and at the moment the us futures are higher this morning. a bit of a pause ahead of some key inflation data they were expecting on wednesday thursday. so more insight into the us economy there. >> you mentioned the nervousness in the markets. and one of the key reasons for that is the ongoing tariff war. ontario, canada is hitting back at president trump's tariffs by applying a 25% surcharge on electricity exports to three us states. how could that affect consumers? >> indeed, the levy will increase costs by about $10 per megawatt hour for us customers, and that will affect roughly 1.5 million households and businesses in mi

american airlines, which flew the plane that crashed, has seen a dip in both personal and commercial travel. delta, the airline that flew the plane that landed upside down in toronto, said its ticket sales have slowed as well. today, the ceo announced the company is slashing its projected revenue growth in half. >> a new report out today reveals islamophobia is at an all time high across the country. the council on american-islamic relations, which is the nation's largest muslim advocacy organization, revealed the data last year. care offices nationwide received more than 8600 complaints. that is the highest number ever since the organization's first civil rights report back in 1996. the report noted a couple of major findings. the first was a nearly 72% increase in law enforcement encounters, many of which happened and were the rise of student led antiwar protests, and the second was about workplace retaliation and employment discrimination that accounted for the highest percentage of all complaints reported to care. >> thousands of workers were fired, demoted, or harassed simply for expressing s

any view on what's going on there. >> you know we don't. >> hold delta or any. >> airline stock. >> in our portfolio. >> and i did. >> see the delta. >> earnings were. >> were a concern for. >> those who hold delta. >> but you know, the. >> travel industry myself i included, i think will probably experience a short term. >> pause, but a. reset and kind of a recalibration. >> as we see it. but i think the. summer months are. >> going to. be be. >> strong again. people will. >> be traveling and maybe. >> maybe delta. will will have a better earnings report in the future. but we don't hold delta at this time. >> well, tom, i think you i would categorize you as a market bull at this stage, especially given how much negativity there is out there right now. what is the best way to hedge in case you're bullish? view doesn't materialize and things don't go quite as you expect. >> well i. >> thank you for. >> that positive comment. >> i am. >> more optimistic. >> than pessimistic. i do i. >> do think there's sector leadership out. >> there that's kind. >> of shifted. >> the market. >> has broad

delta airlines and shake shack partnership expanding to four cities for first class flyers.es. >> i will hold you to that. thank you. >> serious about hamburgers. >>> mr. rogker is standing by. people looking at temperature shifts. >> ahead of this front with this very strong low pressure system, warm winds from the south is where we see the severe storms. cold winds from the north. that's where we see snow. ahead of the front, we are looking at temperatures well above average, 10 to 20 degrees. 65 in d.c. norfolk, 71. pittsburgh, 63. boston, 57. behind that front, highs 10 to 25 degrees colder than they were yesterday. st. louis, a 20-degree temperature drop in 24 hours at 43. a 13-degree drop in minneapolis at 33 degrees. birmingham, 20 degrees at 55. those colder winds start to push their way east tomorrow. baltimore, you will be 11 degrees colder than you are today. raleigh, a 16-degree temperature drop. atlanta, nine. cleveland, 23 degrees colder. you see the chilly temperatures hang around a bit. they are mild. new york city into the weekend in the 50s. 40s in cincinna

jitters on wall street could spill over into main street as well when you consider the likes of delta airlinesarning yesterday after the closing bell, that they might be having to lower they guidance for how much they expect to make in the first quarter of this year. the company's ceo ed bastien citing a reduction in consumer and corporate confidence. and that was followed up just this morning by american airlines saying that they're also cutting guidance with some of these concerns out there. the airlines clearly saying that they are worried about the consumer pulling back in spending on things like travel. when you talk about an economy where 70% of activity is driven by the u.s. consumer, yes, there is that concern of the r-word recession. i want to point out, we are not currently seeing any signs of recession. we just got a jobs report on friday showing the unemployment rate was 4.1%. near multi-decades lows and in line of the final few months of the biden administration. yes, even though there is the concern about a recession out there, we are currently not seeing dynamics of one. althoug

american airlines, which flew the plane that crashed, has seen a dip in both personal and commercial travel. delta, the airline that flew the plane that landed upside down in toronto, said its ticket sales have slowed, too. in fact, yesterday the ceo announced the company is slashing its projected revenue growth in half. >> president trump now owns a tesla. he went shopping for the new electric car in front of the white house. the president selected a red model s sedan with elon musk and his son by his side. all of this to show support for musk's electric vehicle company as it faces blowback. president trump told reporters he would write a check for the car, which retails for about $80,000. he says he plans to leave it at the white house so his staff can drive it. musk has faced criticism for his involvement with the trump administration. the move may have slightly helped musk's company. tesla's stock price increased nearly 4% by the end of trading yesterday, after dropping almost 48% since trump took office in january. the company's market capitalization had hit an all time high of $1.5 trillion.

. >> delta airlines and a number of others have said, look, let me run my business and let me, let men't put your fingers in my hiring practices. of course, hold me accountable to not discriminate. but don't tell me how to run my hiring practices. >> marc. thank you, marc morial. >> thank you. >> s&p and nasdaq both down looking for obviously a negative week. we got a lot more market coverage for you straight ahead on money movers. >> trend tracker is sponsored by cme group. the cme group where risk meets opportunity. >> a us bank. when we say we're in it with you, we mean it not just for the good stuff, the grand openings and the celebrations, but for all the hard work it took to get there. we are in for all of it. it's tough for sure, but less tough when you have the right people by your side, like kayla from kansas city and thousands of other bankers around the country, because together we're proving there's nothing as proving there's nothing as powerful as with dupixent, stay ahead of moderate-to-severe eczema. as you welcome the feeling of touch with clearer skin and less itch. t

tesla, the electric car maker led by elon musk, sank 15% and united airlines and delta each fell more than 4%. following an interview broadcast over the weekend, president trump said his tariffs could bring a period of transition. >> are you expecting a recession this year? >> i hate to predict things like that. there is a period of transition because what we're doing is very big. we're bringing wealth back to america. that's a big thing. >> canada's next prime minister, mark carney, says he's ready to match trump blow for blow. >> we didn't ask for this fight, but canadians are always ready when someone else drops the gloves. so the americans, they should make no mistake in trade, as in hockey canada will win. >> trump's tariffs on steel and aluminum coming into the country is set to go into effect on wednesday, which could lead to costlier appliances and cars. >> one is increasing unemployment by letting more and more federal workers go, and the second is by raising costs on business, by talking about tariffs that will increase their input costs quite a bit. both are very bad for co

delta great airline, but it's going to miss the numbers. big. same with america. we got a real ugly read about the state of telecommunications today from verizon. stock fell 6.5% three points. wow. we're hearing disconcerting things from retail. dick's sporting goods terrific company reported excellent numbers, but its ceo lauren hobart, gave a very downbeat forecast. why? well, here's what she had to say. we are not seeing a weaker consumer now. we're coming off a fantastic q4. our guidance reflects that. there's so much uncertainty in the world today and geopolitical environment and macroeconomic environment. we are just being appropriately cautious. end quote. that's we're talking about sports. then consider the case of kohl's, a former jewel of a chain that's fallen on hard times, cutting its dividend today from $0.50 to 12.5 cents. not good. kohl's is still making some money, but they're forecasting a huge reduction in earnings 10 to $0.60 versus $1.24 at the analysts were expecting. more important they see same store sales down 4 to 6% when the analysts were

tesla, the electric car maker led by elon musk, sank 15% and united airlines and delta each fell moren 4%. following an interview broadcast over the weekend, president trump said his tariffs could bring a period of transition. >> are you expecting a recession this year? >> i hate to predict things like that. there is a period of transition because what we're doing is very big. we're bringing wealth back to america. that's a big thing. >> canada's next prime minister, mark carney, says he's ready to match trump blow for blow. >> we didn't ask for this fight, but canadians are always ready when someone else drops the gloves. so the americans, they should make no mistake in trade, as in hockey canada will win. >> trump's tariffs on steel and aluminum coming into the country is set to go into effect on wednesday, which could lead to costlier appliances and cars. >> one is increasing unemployment by letting more and more federal workers go, and the second is by raising costs on business, by talking about tariffs that will increase their input costs quite a bit. both are very bad for consum

as a result, delta has slashed its first quarter profit estimates by half, causing the airline's stock delta is the first major u.s. air carrier to report mounting economic worries having an impact on u.s. air travel. a new study has found california ranks near the top of the list when it comes to the highest infant care costs in the united states. the economic policy institute found the state's average infant care costs have now climbed to nearly $22,000 a year. california ranked fourth in the country behind washington, d.c, massachusetts and minnesota. the survey was based on average income and the percentage of that money that is being spent on child care. and apple could be preparing for a massive software overhaul, according to a report by bloomberg. apple's planning to revamp the look of ios, ipad os and mac os this year. changes could include updated icons, menus, apps, windows system buttons, the report says. apple could announce the update at its worldwide developers conference, which is usually in the summer. >> you got to check out this video here. a group of surfers catchin

a similar story for the airlines. delta shares dropping after cutting its profit forecast. hwest lowering its outlook and announcing plans to charge a fee for ec bags for the first time. we'll dig deeper into the airlines later this hour and oracle, under pressure after missing earnings estimates. the company also issuing weak revenue guidance. more in the street's reaction and the big tech trade coming up. >> let's get some jolts data. just crossing the tape with rick santelli. morning, rick. >> good morning carl. indeed. if you. look at. >> the markets. >> you're looking at interest rates at the highs of the session. >> and equity markets. >> doing better. why? because job openings and labor turnover known as jolts comes in better than expected. january read expected to be around 7.6 million, comes in at 7,740,000. now, the good news is. >> of. >> course, that this is a bit better. sequentially than the slightly revised rear view mirror, which. >> was 7.508 million. and that was the. >> four year. >> low in. >> terms of the openings pace. so indeed a bit of a bounce. we se

airline, i guess that's trying to up its revenue, i guess, across the board, airlines are kind of struggling with that. >> in fact, delta and american recently came out as well as southwest 3 big airlines in the united states and said revenue expectations too high. they're basically pointing to business customers that's telling me that maybe corporations are thinking tariffs are going to hurt and their marketing mix costs so that they don't need to send representatives out and about on business there are some signs here that things are about to get a little bit tougher in the united states. james recession is coming. it's r word in my industry. you don't typically try to like talk too much about it because it can be self-fulfilling. the airlines are giving us a signal that things are slowing down. i'm anand, at least on the the ski front as we've got snow coming our way. i know you're looking at. >> excursions to japan. i guess that's picking up as a destination for people kind of. people had to japan. it's the place to go. i guess. >> yeah, when it rains in san francisco snows in tahoe by right now at tahoe, so expensi

if it's lost, now 15 different airlines, including delta, united, jet blue, they will all accept that hour to resolve that. we barely made our flight. >> make sure your tsa thing is on the boarding pass. for some reason it wasn't there, had to go back to the gate, the whole thing. >> and take a screen shot of your boarding pass as well. on friday morning in new orleans, i couldn't get my boarding pass out of the app. >> you had a picture? >> i had a picture. >> good job, craig. i love that. this is huge. a car seat, this is a great and very portable alternative. it is called the safe rides for kids vest. it has been federally tested and it has passed all crash test safety ratings. especially if you have kids that sit three across, this can be a game changer as well. look at how secure. you can feel. this thing is heavy. >> it is approved as a safe alternative? >> yes. you want to go to the website because it comes in different sizes based on your kid's height and weight. next up, this one is called the miamily luggage. you can put a baby -- our producer put her little baby on this. yo

airlines. but if you fly on delta, american or united, it will cost $35 per bag. live at oakland airport suzanne phan abc seven. >> all right. thanks very much, suzanne. >> that's right. let's get to the weather. a two coming our way. >> oh, man. it's going to be a busy several days when it comes to the rain. sandhya patel is here. sandhya. >> yeah. the storm door is opening. and that means we are in for some wet weather for several days. good evening everyone. let's take a look at a live picture right now from our kgo roof camera. winds blowing around the clouds are coming in. so just a sign of some changes that are ahead. i hope you enjoyed the mild weather we had today as temperatures were in the low to upper 60s. we had some sun, but that's all changing as this storm is developing on live doppler seven down south, they've been seeing some showers in association with a low that is moving through that region. but right now here locally, we do have soe clouds moving in. and later on we'll start to notice even bigger changes. so from our san jose camera nice view

delta ceo telling cnbc that both leisure and business customers have pulled back on bookings, while united ceo scott kirby warned of slowing demand and highlighted a slowdown in government travel. all of this has the airlines down sharply again today for delta 8.5%. but let's start with the terrible small business data i mentioned. it was the outlook in particular. i believe steve liesman is here with the results from the nfib survey, and we should set the scene here, steve, by saying this survey was incredibly bullish about trump's election and one of the almost outliers amid that initial bump, the first. >> time we're going to have a chart that shows you exactly right about that. let me show you that in the details. nfib small business survey falling for a second straight month while maintaining some of its post-election gains, as kelly suggests. but uncertainty remains near an all time high. let's show you the numbers. national federation of independent business optimism index falling to 100 from a post-election high of 105. it's hovering right around its long term average is down like a lot of other sentiment indicators, but not a recessionary level. as you can see, that big bump up that came with the

the airline blames the fact that there's less travel on uncertainty about the economy. deltaassengers are more often now booking last-minute flights. >> just in time for spring break, american airlines is revamping its in-flight and lunch menus. it's going to be rolling out new food choices for passengers including sliders and fries on short domestic flights. there will also be new breakfast offerings, including omelets for tata people. lucky enough to be in the premium cabins said they'll get an extended menu with even more choices. and this all begins tomorrow. the vatican says pope francis continues to improve after more than 3 weeks now in the hospital. >> supporters are still showing up outside the hospital in rome where he's being treated. they're leaving things like candles and rosary beads. the vatican says the pope will be getting continued drug therapy, but it's not clear how long he'll be hospitalized. >> a cargo ship off the coast of england continues to burn one day after it collided with the jet fuel tanker. this is in the north sea. safety vessels were working

flagging as a warning sign of an economic slowdown, with cyclical sectors like the airlines under pressure. you can see delta, for instance, down 7% today. we'll hear more about that later this hour. but let's start with these fresh data points on the economy. steve liesman joins us with more. and steve, this has got retail stocks under more pressure. what can you tell us. >> yeah. consumer spending kelly declining for a. >> second straight straight month in our cnbc, nrf february retail monitor driven by weather issues as well as policy uncertainty in washington, according to the nrf, the retail monitor, it is powered by real credit card spending data from affinity solutions. it shows retail spending ex auto and gas down 020. 2% after that sharp decline of 1.07% in january. removing restaurants showed the same decline. the year over year rates falling for both indices. now the spending decline was broad, based down in nine of our 12 sectors and seven of the 12 sectors. it's now fallen for two months in a row. on the plus side, the new york fed survey of consumer expectations shows consumers inflation's outl

delta slashed its earnings forecast in half on monday over what the airline calls quote, a recent reduction in consumer and corporate confidence, a loss in confidence which could have wider consequences, according to former treasury secretary larry summers. >> on january 1st, no one thought that a recession was a substantial likelihood, and today market prices and consensus opinions of economists suggest a very real risk of recession. >> joining me now to talk about all of this. jackie kucinich, cnn political analyst and washington bureau chief for the washington for the boston globe. chuck rocha, former senior advisor for bernie sanders presidential campaigns. and ashley davis, former white house official under george w. bush. i want to bring it to the group chat now because and maybe start with you, ashley, welcome to the table. thank you. can you have and complain about biden nomics without biden? >> i don't think this ever works. first of all, good morning and thanks for having me on your show. and your voice is so calming. i don't think that blaming a prior administration is ever a goo

listened and talked to these different management teams, even hearing from the airlines this week about, you know, when you when delta says there's been like this sudden, sharp drop in bookings, can you tell us whether you're picking up on something broadly slowing down with the consumer? >> i think overall, definitely what you've seen, you've seen more uncertainty. you've heard about it from some companies in the month of february being weak. you're seeing it in terms of some of the traffic numbers. they've been down week after week in some of the mall based traffic data and outdoor strip center data that we've been getting. so there is a pause out there and it's being watched closely because look at consumer credit and what we've been seeing there. it's to be watched carefully. and i think the first quarter overall, we're going to need to see an acceleration easters later than usual. the weather's been unseasonal and there's been more headwinds than tailwinds for the sector lately. >> all right dana, we'll leave it there. thanks for joining us today dana telsey with telsey advisory group. and still to come, the ftc

airline all the time. like, i know people that are like, religious delta fliers.the delta card, you know, they got all that, but. >> they have, like, the miles thing going. >> i don't i don't have all that, you know, i just i just want what's cheaper. >> i'm not loyal. >> like that. yeah. not like that. so all right, let's move to this story now. a community education program at santa rosa school starts today. in the last month, the district has dealt with a stabbing, drug overdoses, and a student bringing weapons to campus. ktvu james torres is live in santa rosa this morning with a plan to keep students safe. james. >> andre. each of those incidents, of course, worrisome for the parents, students and teachers, also worrisome for the police department nearby as well. they say they worry that a growing gang activity, violence is now infiltrating some of these high schools. so they're hoping to step in to try to make sure matters don't get any worse. first of those presentations happening where we are standing in front of piner high school later this evening. here'

look at the airlines, mixed picture, southwest, going to charge for bags, jetblue not sure what the story is but up 5%, united, american, and deltaend, travelers cutting it close to when their flight actually departs. explained to me. madison:a new trend called the airport theory, trying to cut down how much time you spend at the airport, the rule of thumb is to arrive two hours before departure. a lot of time. the airport theory says 15 minutes before your departure, you should arrive 15 minutes before departure which doesn't make sense to me because most airlines actually close their doors 15 minutes before departure. i assume they mean 15 minutes before boarding and the thing is the internet is full of videos of people trying this. there are some people that succeed, they arrive 15 minutes before departure and they make it onto their flight but as you might imagine there's lots of videos of people failing. i'm a fan of this because i like to cut it really close. i don't check a bag really ever. i will do international travel, i never checked bags, i don't want to get there an hour early and i know you do not check a bag. stuar