maria: all as earnings reports roll in dow components johnson & johnson 3m verizon american express reportinga fraction most are better than expected european markets are higher across the board, take a look at eurozone ft 100 right now up 71 cac quarante up 63 dax higher by 94. in asia overnight red across the board, china and south korea worst, each of those indices down 2 1/2% on the session, and then, so much for a return to decencyy president biden on hot mic trashed fox reporter peter doocy for asking a simple question about inflation, watch. >> do you think he political liability as -- >> that is a great asset. more inflation. >> what a stupid [bleep]. maria: stupidest sout of biden we will tell you what happens next with doocy's response later this hour, "mornings with maria" is live right now. . . >> morning movers american express turning legislator here after giving up earlier gain when it reported fourth-quarter earnings better-than-expected credit cart spending record levels surge in transactions, following the return of pre-pandemic, dining out international travel, johnson & jo

if you think it will be the roaring '20s, american express fits that theme perfectly. apple.n i say other than own it. don't trade it i still think the real story is the ancillary products like the watch and airpods with the burgeoning service revenue stream in other words, it's not just about the phone. if you don't own it yet, you can probably wait for some apple-hating analysts to knock it down and get a better buy this is a winning by default situation. it couldn't have been managed more poorly before ros brewer from starbucks took over she is a genius. powerful covid tailwinds and a stock at considerable discount to cvs 30% in 2021 because roz is so good i like it. tenth best is mcdonald's i bet it can replicate 25% last year mcdonald's has the best balance sheet and scale to be a great core holding for many of the big institutions portfolios. we should have i mean, sometimes that's what i do i kick myself. and i ckick it openly people come on air and say, oh, we're just waiting no, i should have pulled the trigger. it was wrong i should have pulled the trigger on united

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

by the way, i'd be baying j&j, american express, ibm. very encouraging things on the plus signs earnings were better and free cash flow 3.8 billion got them a total for the full year of '21 at $5.1 billion. if you include some discounted items they're paying down debt, making acyousitions, they want to grow. so they're shrinking to grow, going to separate the companies. and i think they're focused on profitable growth for next year. it's a tough environment revenues missed and orders missed, so that's the negative for today. that's why the stock is down i think there were supply chain issues for sure, but i think their guidance was encouraging a mixed back for ge. i get why it's down on the headlines, but i think there's a lot of great exciting things to come for this company. >> it's a little weird j&j is down but then the market is down american express incredible how it is bucking the trend this morning. >> at 218% to 20% growth guidane for next year. they increased the dividend. that's encouraging we had kind of cues from jp morgan's

american express is also increasing its dividend.on & johnson forecast 2022 sales and earnings to beat wall street estimates. the health care giant is preparing to separate its drug and medical device unit from its consumer business. the drug unit accounted for more than half of the sales last year. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> on this idea growth is decelerating, like so many things, potential sightings. it is like ufos. potential sightings. not confirmed. the housing market is accelerating. people will be much more willing to finance an asset if they think it will go up in value. tom: neil dutta with renaissance macro fired up about the gl oom crew. it got gloomier after he spoke in that huge rebound. the dow -300, the vix up. lisa: we feel the same generate uncertainty with the nasdaq leading the way down. tom: dollars strength 96.19. more data checks on television and radio

we also got a lot of green on the screen with american express.ct, it's results with the strongest, the stock climbed almost 9% in the regular session from the biggest boost about stock has had since 2020. what they are saying is record spending pushed revenue up 30%, and they say they will repeat it in the third quarter, climbing as much as 20%, and that has ors excited. back to you. haslinda: thank you so much for that. we are seeing some green on the asian benchmark study ahead of that fed announcement on wednesday. they are waiting to see what the fed has to say about march lift off, 50 nonetheless? we will know soon enough. the hang seng is up. stick with us. this is bloomberg. ♪ rishaad: this is bloomberg markets. gm investing $7 billion to accelerate electric vehicle production. we caught up with the gm president about their commitment to ev's in the future of the internal combustion engine. >> we made those commitments to design, engineer, and vertically integrate the cells and electric motors, the whole platform, and we are doing that ver

guy, what's the picture we're getting from these transaction processors >> you throw american expressn, obviously not the same type of company but you get it sand it paints a big picture of what i say all the time, never under estimate, consumer want to spend, they'll do it and finally tran actions in up 21% and down from the all-time high of last summer. 252 down to 200. you can do that math as can i. and it makes for a logical place to stop. you can make the case on valuation for the first time in a long time for visa close to 27 times the numbers i think you buy the stock. >> the valuations are richer than apples, karen, where would you rather be? >> i guess apple because i do own apple. it is a different type of business you had that hardware software question with apple but don't here, you just have this beat over and over millions of time it's great the bigger picture, american express, great, visa great, apple spend, great maybe our fear of the consumers as guy always says are over blown and consumers are there, they're ready to spend. >> yeah, dan am i playing would you rather

let's look at what's driving the action earnings season wrapping up with ge, american express, and j&before the bell.

you think that's from -- >> apple >> american express?ss -- >> berkshire is as apple proxy at this point. the adjourn has a piece on walmart on the tape that the u.s. e-commerce chief is leaving the company. a lack of stimulus tailwinds, continued inflationary pressure may decent proportionately impact the middle of the middle consumer they prefer target. >> i think target has come down. the charitable trust own walmart. why? frankly it's really good, but this e-commerce news is shock to go -- shocking to me you had a previous guy who set it up, and they were telling me over and over again not to worry, that the new team will be good he said, don't worry, we've got new people coming in well, hmm -- >> not leaving a good taste? what, have you got a mint? >> i was going for a lifesaver. >> no saltines today. >> i had those yesterday >> why you're doing that, come back to this story we talked about on monday, that incredibly busy news day the big deal was activision, but unilever said we're not going higher their shareholders did not like th

be with you the dow dropping 200 points to close out the week with jpmorgan, goldman sachs, american express. together, shaving about 170 points off the endetection that's most of a -- the weakness coming after earns from jpm and citi both dropping after warning of rising expenses, particularly with wages, wells fargo a surprising, so was this a case of traders selling on the news, or is there something more going on here? steve, let's start with you. not lose sight of the fact this is obviously one day's trading, and there are an awful lot of favorable wins, are there not, supporting the banks industry? >> yes, but when you think about banking, tyler, you they about the xlf, the etf for the financial sector of which berkshire and jpmorgan make up about 25%. so if you look at berkshire, it's not really a financial, it owns a couple things there it owns appearing, koch, a couple other names that's the one i would continue to buy jpmorgan, when you think about why is it extended we started trading as if the fed was going to stop asset purchases, raise rates and clear the balance sheet immediat

never tied from the big-time attorney on wall street, he used to be the general counsel for the american express. that's what but that's not what we are here to talk about today. >> one thing and we will get to the museum quickly but when the congressman, when you lost the election in 1970, newly elected if governor john west to was a fellow student. saw james clyburn's character in the way that he would be appointed to be the first director of the south carolina human affairs commission. and then the congressman went around the state and making ties and connecting businesses and interested in other interests together and enable south carolina to move forward into more racially together community. >> absolutely, and reflected on my statement, as i said earlier, of what happened in that election. the senator said it looks like that i didn't get enough votes. and i held that, it looks like a didn't in enough votes. and on that thursday morning, i talked to the reporter and on that thursday morning, john had been just elected governor of south carolina, growing up which was nothing but a putting gr

. >> wow, eamon, thank you very much >>> up next, american express the only payment stock to outperform last year, while fintech really took a beating. why 2022 could be a different story for both legacy names and so-called disrupters that's the one with the amazing camera? yep! every business deserves it... like ones that re-opened! hi, we have an appointment. and every new business that just opened! like aromatherapy rugs! i'll take one in blue please! it's not complicated. at&t is giving new and existing customers our best deals on every iphone, including up to $1000 off the epic iphone 13 pro. today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before they impact your bottom line. predicting and managing operational issues that's why so many businesses work with ibm. age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. >>> on

dow components that have just reported pretty good earnings, the reactions there other than american express are not good. ibm should be double and it's not. the reason why that matters is because we're going get microsoft and apple this week. i think both of them will have incredible earnings reports. if the market doesn't care, that's really not a great sign for where risk appetite is and to me that's going to say that we have more work to do to the down side. think about how big and important those two names are, so that's my bigger picture market opinion outside of any moves i might have made yesterday. >> shannon, i'm coming to you last on purpose because rather than being a buyer you're a shopper. you've been looking at things with the way the market declined so dramatically. what, if anything, have you done in the market and what are you specifically looking at? >> not yet, scott. i think there is an asymmetric opportunity tomorrow for the fed to screw up the press conference, and so i'm a little bit more hesitant to be an active shopper ahead of that because i think it would take ver

milley: americans are smart people and they should express their opinions.have freedom of speech in that document for a reason. they should be able to express. david: do you look forward to the day when you are citizen and you can say whatever you want? gen. milley: we are unique. we are the 1%. we give up some of our rights so the 99% can have all of their rights. i don't actually have complete freedom of speech, even in retirement. i think it is good that any american expresses their opinion on a wide variety of topics. i think that is a demonstration of a healthy democracy. david: do you see a sense of the military looking at things differently after george floyd's murder? gen. milley: our military and arguably any military in the world is a reflection of the society we come what issues and controversies are out there in a general society will be in the military, as well. one of our tasks as officers or noncommissioned officers is to maintain good order and discipline and to understand what is going on with all of your soldiers. it is important our leader

their vote _ americans who peacefully expressed their vote at — americans who peacefully expressedexpressed their vote at the ballot _ americans who peacefully expressed their vote at the ballot box. - americans who peacefully expressed their vote at the ballot box. the - their vote at the ballot box. the workers — their vote at the ballot box. the workers to — their vote at the ballot box. the workers to protect _ their vote at the ballot box. the workers to protect the - their vote at the ballot box. the workers to protect the integrity| their vote at the ballot box. the l workers to protect the integrity of the vote _ workers to protect the integrity of the vote in — workers to protect the integrity of the vote in the _ workers to protect the integrity of the vote in the heroes _ workers to protect the integrity of the vote in the heroes who - workers to protect the integrity of i the vote in the heroes who defended this capital — the vote in the heroes who defended this capital you _ the vote in the heroes who defended this capital. you cannot— the vote in the heroes who defend

feels the nutrition has made since he was sworn in almost one year ago to the day, despite many americans express disappointment in the administrator and. the president was asked what he would give himself in terms of a progress report, he feels he was doing a good job and says the work is not yet finished. >> reporter: president biden held a major news conference, one day shy of marking a day in office. covid-19 continues to be his top priority. >> it will get better. we are moving toward a time when covid-19 will not disrupt our daily lives. >> reporter: the latest cbs news poll gives him low marks on his handling of the pandemic and the majority of respondents said he is not focusing enough on the economy and record high prices due to inflation. >> we have seen record of job creation, record economic growth in the past year. for all this progress, there is a lot of frustration. >> reporter: two of the presidents major domestic priorities, big social spending and climate bill and voting rights legislation, have stalled in the senate, held up in part by members of his own party. >> i am confiden

towards other countries will sheet in a by you have probably heard that payment in the year american expression about with a dish reactive role of a rod and the middle east. he, what would you say to those are spread out such rumors and would say such were bullies? casserly tear mac door, earth boy scout m the korea more mountain quick. i would like to ask a question, who created, i still, who founded it in the world. i feel has committed very terrible crimes against children, women, and the vulnerable and serial. and in other countries in the region, in iraq, for instance, they're now in afghanistan in the mosque, where muslims, a 100 or 200 people prayed, they were killed. these are the horrific crimes that i sell is perpetrating all over the world. who undermines global security, and these are the ones who created i so those who support i so those who have been undermining security in syria for many years as well as in iraq. john of that ever happen. you see the americans had been present in afghanistan for 2 decades, and what remained as a result of this presence and almost 2 decade prisons

american express had a great day yesterday. s&p 500 down about .5% into the close.e you still have strength in groups like utilities and staples, energy doing well today, materials. but consumer discretion arand technology are lower small caps got hit the hardest today. russell 2000 going to close down about 2.3% and the nasdaq in the eye of the storm again with all this talk of fed tightening, down 1.4% in the close. >> welcome, everybody, to the "closing bell. i'm wilfred frost, along with sara eisen and mike santoli, cnbc senior markets commentator. get ready for a huge hour of earnings apple, visa, robinhood, and mondelez moments away from releasing their results. >> plus, mondelez ceo dirk van de put will break down his company's results before he speaks to analysts on the conference call. steph link is with us, peter cocheaney joins the conversation mike, i have to come to you first, and the story of the day has to be tesla, closes at $829. down 11.5%, below, by the way, its intraday low from earlier in the week, which the rest of the indices didn't break belo

little sheet in there, but you have probably heard the payment in the american expression about with a dish rock. they've roll of a rod at the middle east. what would you say to those hush bread such rumors and would say such work with godaddy. tim tore earth bosco m t collier more, matt and quin i would like to ask a question. who created? i still, who founded it in the world? i feel has committed very terrible crimes against children, women, and the vulnerable and serial and another countries in the region in iraq, for instance, they're now in afghanistan in the mosque where muslims, a 100 or 200 people prayed, they were killed. these are the horrific crimes that isolate, perpetrating all over the world who undermines global security. and these are the ones who created i so those who support i so those who have been undermining security in syria for many years as well as in iraq. jonathan over here, you see the americans had been present in afghanistan for 2 decades. and what remains as a result of this presence and almost 2 decade prisons, apart from war, apart from bloodshed and

but i do think, i'm going to give you one that i thought was extraordinarily good, american express. 60% of the new card growth is millennials. hell, everyone thought it was over, david. they want the card they clobbered the 2019 number this is going to blow away david. guess what, on travel for business, you keep waiting for the go see clients how about the fact that employees are so far flung that they have to get on planes to go see the headquarters. >> that is true. does that count as business travel, going to the office when you have to fry to get there >> yes, but that's the new travel >> that's the new business travel, not going to see a customer going to the office. >> going to the office >> i'm going to leave wherever i am. >> from montana or wherever. >> montana, idaho. >> i'm going to come for a few days to the office i'll grace you with my presence, thank you so much for being here. >> 37 years -- i came up with that >> no. >> thank you i believe it to be true. i'm not questioning it i just think it's an interesting reflection of where we are right now. >> are people at h

now let's go over to rachel with more from europe in the american express care. we start in the u. k, where the foot the has a rare green arrow to end the week. this comes despite the nation reporting around $200000.00 new covey cases per day. which is resulted in a sharp reduction of staff or hospitals, transportation retailers and restaurants. now, recent survey from the british chambers of commerce found that a record number of visitors are concerned about inflation and more than half planned to increase their prices in the coming months to keep up. inflation is also a major concern nearby in the year where the french cack is down while the german dax is flat for the week. as we report it, inflation in germany is now nearly 30 year high. however, inflation in france, stabilize is a slight decrease in energy prices was able to offset the increase in the price of goods. those figures are bringing about hope. the skyrocketing prices may have finally hit their peak across the atlantic. now to brazil, where the ego bus is also in the red falling more than 3 percent this week, the nat

i understand black rock and american express made a change. what is it?ren: american express is pushing the return to work to january 2, '04, passed january 4th. they will give two weeks notice, don't know when that will happen. work from wherever you are comfortable through january 20 eighth. stuart: how about macy's? they are cutting store hours but is that in all stores across the country? lauren: yes. every single store monday through thursday, the hours are open at 11:00, about 2 hours shorter each day, this is what they have to do the weekend hours are the same. stuart: check futures one more time as we approach the opening of the market, not much change except the nasdaq which is down again. "the opening bell" next. ♪♪ flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. your shipping manage

in terms of individual stocks, american express was a standout after it reported better—than—expecteds in general electric helped to drag down the benchmark s&p 500 index, which is down at this point a percent injanuary. behind the wild swings is anxiety over the us central bank's plans to raise interest rates. jerome powell, head of the federal reserve, has done his bit to support fortune growth during the pandemic, but investors are now looking to him to find out what comes next is the us central bank plans to withdraw stimulus to fight inflation. emotions are still running high on wall street. stocks fell before bouncing off their lows. it follows monday's remarkable comeback, when shares rocketed back after a big drop. fears over how aggressively the fed will act on the impact that will have on asset prices % us shares lower before bouncing off their lows. now we have inflation, and the only way you deal with inflation, and we learned this inflation, and we learned this in the eight 1970s and early 19805, in the eight 1970s and early 1980s, is you have to be aggressive with intere

internal and bank stocks, which did well today and got a lift from two earnings winners, which is american expressricans are spending more on their credit card than traveling. and ibm, that company tries to turn around its cloud business there are some bright spots in the market. >> bright spots we like. sara eisen from ""closing bell." thank you. >>> americans should no longer use two popular antibody drugs because they no longer protect from the covid variant they're made by regeneron and eli lilly. officials say they could reauthorize them if they prove to be effective against future variants millions have already received it and several have made it the focal point of their responses governor desantis calls this move to halt the drugs sudden and reckless. >> this is not the way to help people in our view people have the right to access these treatments, and to revoke it on this basis, it's fundamentally wrong and we're going to fight back. >> florida has shut down all 2,0 a poichl of its antitreatments meg, break down the data if you could. are these antibody drugs effective at all >> they wer

yesterday american express prior to the bell, 29% growth in amex's card platform business.ing earnings crossing the wire, and it appears to be a pretty big miss. their overall revenue coming in down by about 3.2%. importantly, the commercial aviation unit and defense unit saw declines in growth and the declines were more than what they were looking for, commercial airplane revenue coming in. they had a .5% growth in commercial airplane business, but the defense business was down 14% at $5.86 billion. keep an eye on boeing shares down 2% in the premarket and the suppliers that depend a lot on boeing. we will get those results after the bell, that company has seen sliding growth going down in revenue for the past few quarters as the pandemic boom wears off. after the bell we will get tesla. this will be watched and not for the individual numbers, but the roadmap the elon musk has been promising for the cyber truck, roadster, and solar panels. the things he has been tweeting about but hasn't delivered on. analysts expect an update on when we could finally see those things. tom

. >> so you like bank of america you like also morgan stanley you also like american express and pru. am i right >> i've 600 basis points overweight relative to my benchmark, ten percentage below my benchmark in technology and comp services, so you can see where i'm tilted tilted toward more value, on more cyclical and reopen that doesn't mean to say i'm going to take technology i think they'll take a pause, pick my places >> stephanie, she just makes it look easy. >>> big tech has been selling off so far some of the media names have been doing pretty nice viacom, cbs, discovery jump a bit. let's bring in julia boorstin for why the stocks have been bucking the down trend julia? >> dizzy spite today's sell-off, storks pushed higher discovery, that stock is up about 22% so far this year, also bolstered by an upgrade. viacom is up nearly 17%. this after news last week that cbs and warner media are exploring a sale of their stake in the cw, that's coowned by those two companies. source tell me meaia companies are looking to sell the assets that don't support their streaming initiatives. a

american express beatings earnings -- express beating earnings in the most recent quarter.also raised their guidance, projecting right now 20% growth for the year on revenue, more than double the previous forecast. shares only up 0.5%. ge, which is splitting into three companies, down 3%. the only growth they had was from that aviation business, which is going to be the strongest business, but even with the growth you had, that was well below what analysts were looking for. all of the other divisions had a decline in growth and a decline that was worse than expect it. j&j down almost 2% on the day. they did eat on a few main metrics, but investors want to see a little bit more growth there. tom: romaine bostick, thank you so much. right now, i'm going to ask one question and get out of the way. winnie cisar joins us from credit sites -- from creditsights, global head of strategy. what is fascinating here is the dynamics and the things we can learn from the credit market and particularly high-yield. there is this phrase, yield to worst. we have yield to worse and out worse n

the met pandemic wary americans expressing their wishes for return to normalcy.rs since the arrival of covid in this country. time now for our sunday group. jason riley of the wall street journal. welcome to all of you. these are the big headlines all week. the white house racing to meet its own deadlines to meet half a billion free at home tested to build the website where people can request those tests. this could deplete the supply of test. how well is the administration volunteering state and federal needs? >> the shortage of at-home test is a spectacular miss calculation by the biden administration. you don't wait until a house is burning to order the firefighting equipment. it seems to me that we will not even see the first of these tests. we won't see them until later this month. if this had happened under trump, the pundits would be shouting they are not following the signs when it comes to the cdc. lurching to a five day quarantine. at the same time, we are in this bottom up shutdown. by the fact that they are so many affected workers. when we hear there

the dow climbed up from the worst losses after strong outlooks from american express, johnson & johnsont over a percent. it's fallen now 9.2% from the recent high. that means it's nearing a technical correction but not quite there. the nasdaq is there down 15.7%. 2022 proving to be an obstacle course for investors. more mixed corporate earnings and persistent inflation. fighting inflation means a new era of higher interest rates. we're going to hear from the fed with a policy update today after the central bank has a two-day policy meeting. let's bring in spencer jacobs. author of the great new book the revolution that wasn't. gamestop, reddit and the policing of investors. the book is really good. first, the volatility the past couple of days. is this a reality check that the end of easy money is coming or is this something else? >> it's about the fifth time that we've heard that the end of easy money is coming. it might be for real this time. there's a bit of a boy who cried wolf element to it. we've been living on easy money since the financial crisis and a lot more was poured on in

it doesn't include energy and bank stocks.ress which are americans are spending mor american express,americans spending more on the credit card and ibm which in the last sales spts we like >> sar growth is building there are bright spots we like >> sara eisen from "closing bell," sara, thank you >>> americans should no longer use two popular antibody drugs because they do not protect against covid's omicron variant. that's the new guidance from the fda. the agency just scrapped its emergency use authorization from monoclonal antibody treatmentsy. fd made by both regeneron and eli lilly. fda officials say they could re-authorize the medicines if they prove to be effective against future variants. nationwide millions of people have received these antibody drugs and several governors have made it the focal point of their covid responses. ron desantis calls the move to halt these drugs sudden and reckless. this is not the way help people. >> this is not the way that you help people. in our view people have the right to access these treatments and revoke it on these basis and it's fundamen

by american express. this “buy one, get one half off” it's offensive.regard for folks who don't have someone. those who strong-armed their way to the top only to find they got no one to share the view with. thank you steven. jimmy john's. buy one, get one half off. ...what is that? it's a boban bag. a boban bag? boban bag. boban bag? boban bag! you get tobi bag. tobi bag? every year we try go for the handful! to exercise more, to be more social, to just relax. and eating healthy every single meal? if only it was this easy for us. if you have advanced non-small cell lung cancer, your first treatment could be a chemo-free combination of two immunotherapies that works differently. it could mean a chance to live longer. opdivo plus yervoy is for adults newly diagnosed with non-small cell lung cancer that has spread, tests positive for pd-l1, and does not have an abnormal egfr or alk gene. together, opdivo plus yervoy helps your immune system launch a response that fights cancer in two different ways. opdivo plus yervoy equals a chance for more time together

american express reports the best quarter of the ceo's tenure and they say he missed the revenues johnson & johnson produces a quarter that is incredible and the robo headlines say it was bad. the stock is down big, reverses and jumps gigantically raytheon, eye popper one that like all the others i love but they dumped on it, spoke to greg hays the ceo texas instruments is crushing it itself then when they hear it they gobble up every share. we've got congress j.p. morlg began laid an egg i bet jamie dimon is buying a million shares right now not me many think that microsoft is done stick a fork in it i'll wait and see. yeah, general electric was hard to understand so it got sold netflix made thousands of stocks look bad when it should have only made netflix look bad if you sit back and calculate the winners, morgan stanley, halliburton, lockheed martin and today's class, the players on the scout team, the kids that got picked last and missed practice, they are all there wrecking it for the rest of us there's far fewer of them in the majors see, the bottom line, look at the majors the rea

american express is putting the pendant behind it.omey's boosting forecast for revenue after spending on its cards rose to a record. they are also increasing its dividend for the first time since 2019. that is your business flash. guy: thank you very much, indeed. nvidia is preparing to abandon its deal to buy arm, some conductor designer. an incredibly controversial deal on many fronts. many critics say the deal would have made nvidia to powerful. let's talk about this story. mandeep singh of bloomberg intelligence joining us now. this deal has been hit on a number of different fronts. it was always going to be difficult, considering the ubiquity of designs in terms of the chip landscape. in terms of how likely is it that nvidia is going to have to walk away, is it looking increasingly like a done deal that this deal will not be done? mandeep: we know all the regulatory authorities in the u.s., the eu, china, in fact, i don't think anybody would have let them go easily in terms of getting an approval. the reason why you are hearing r

. >> american express. >> josh? >> aos great earnings >> doc >> norwegian cruiselines nclh, scott. >> that has nothing to do with the shot of yours today, i presume. nonetheless, i'm seeing a tie-in have a good weekend. "the exchange" starts right now. >> i'm kelly evans the whole world is wondering whether this upside reversal will hold to the close the dow down more than 350 points the lows we're now positive the nasdaq higher. we'll look at the key take aways from tech earns and see how next week's results could impact the market plus biotech has been a horrible bet lately the xpi and ibb are both down about 20 % this year we'll look at why and which names our analysts says should be a buy >> three buys and a bail after the wild swings our trader has three stocks to buy and one to bail on. that's coming up we begin with today's markets. dom with the numbers i realized i'm sort of keeping with the cruise theme here >> yes i like it, though. i'm a fan of it. >> ahoi. >> we just need the hat. then we'll be set. she'

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the third round of the pga american express. how about scotty scheffler, on 16, well below the cut line. ships it in for an eagle, and makes the cut by one shot. the world's number one rolls in the 28 foot birdie putt to end his day. he shot five under 67. he has five shots back from lee barges and paul byrd jean. that is it for sports. back to you. the update on the niners game tonight. >>> coming up in our next half hour, should people without a booster be considered fully vaccinated? >>> san jose has hockey and soccer, but could it be getting a more unusual stadium? >>> the ci ♪♪ thousands of women with metastatic breast cancer are living in the moment and taking ibrance. ibrance with an aromatase inhibitor is for postmenopausal women or for men with hr+, her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole significantly delayed disease progression versus letrozole. ibrance may cause low white blood cell counts that may lead to serious infections. ibrance may cause severe inflammation of