the exclusive interview with chief financial officer of american express, jeff campbell. this is bloomberg. ♪ annmarie: -- jon: touring our attention to the goldman sachs conference where sonali basak is standing by with cfo at american express jeffrey campbell. sonali: from amex's perspective, how do you see it never getting a potential recession? jeff: thank you for having me. what we know is what we see in our business. our business is a mixture of very premium consumers around the globe, a select group of small businesses around the globe and in some of the largest corporations around the globe here when you look at the spending patterns and credit patterns of our base, things continue to look very strong. had 24% volume growth in the third quarter and it has continued through october and november. we had record days in recent days, so we see a strong environment. i do watch bloomberg tv and i hear the word recession a lot and we are not oblivious to the challenges and the geopolitical environment, but when you look at the particular slice of business we operate, it c

and with american express, you know, i use american express.ut i think that we can do is registrar our voices and sometimes if we have the financial resources, we should invest in those companies so that we can go to the stockholder meeting and exercise our voice. we can also boycott and we can write members of congress when there are companies that are violating our civil rights laws. our constitution. we should not e -- we should not allow those types of behaviors to go unnoticed. and we do have power as americans. sometimes when we see the election controversies, it seems like we have lost our power. >> not quite. we can push back, we can win. and we see evidence of that already. >> joe: dr. carol swain, thank you for the work you do and thank you for joining us today. >> thank you. >> joe: all right, coming up. a suspected human smuggler still on the loose after fiery standoff with texas troopers. dps lieutenant christopher alvarez joins us next with an update. just a moment of your time, everyone! singlecare, the app that truly helps you s

it's everybody you, scott, and everybody on the panel and people watching all love american express cards. a lot of safety and privacy and control there. we think at this price, it should be a great stock for next year >> all right do not miss, by the way, karen's op-ed on cnbc.com entitled, a murky year looms ahead for investors and this is how they should proceed in 2023 check that out on cnbc.com/pro to read that and next week on halftime, we're kicking off our annual stock summit we'll debate the stocks and sectors that the committee has the most conviction in for 2023. step away, come back and do final trades, next good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> i hope you join me a few hours from now we have adam parker coming on with his ye

monitoring the relatively strong economic prospects of the region can also push prices up, adds american express factors for raising tariffs around the world include inflation, rising fuel costs and capacity restrictions, this is news from normal life. head of the center for combating disinformation, uh, he was supposed to be with us, well, please let us know when a guest will be with us. for now, we will add operational information from in kosovo, the first riots took place there after the dispatch of special forces to a municipality with a majority population of serbs. it is known about an attack on journalists of our colleagues and one law enforcement officer. the police of the partially recognized kosovo have increased their presence in the municipality of north mitrovica. this is where the majority of the population is serbs . stated that the police of kosovo have no right to go to the north, even though it is their territory, well, it is generally recognized, yes, it is recognized by the usa and the euro. and what about serbia we will consider the possibility of sending a thousand of our s

sonali will interview the ceo of american express and the ceo of perella weinberg.up, bank of america ceo brian moynihan said that he sees a mild recession was not more of his thoughts next from the conference. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> this is bloomberg markets and you are looking at a live shot of the principal room. tune into bloomberg crypto today. this is bloomberg. sonali: welcome back to bloomberg. i am sitting here at the goldman sachs financial service conference with egg of america ceo brian moynihan. thank you for joining us for our bloomberg television and radio audiences. you have been talking so much now about this idea next year of a mild recession. when you are preparing bank of america for the year ahead what does that look like? brian: the preparation is from many

disney, black rock, twitter, apple, american express, georgetown university, the aclu, the olympics, school boards across the board and the nba. so some i'm sure you are not surprised about. the olympics surprised me a bit. twitter certainly did not. but there are a lot of opinions on this list this morning. >> joey you talked to dr. carol swain about this and here's a little bit about what she said about how these companies are hurting america. >> there's so much that these companies are doing really to virtue signal and it's about usually that diversity, equity and inclusion program that off the rails, they often violate our civil rights laws and our constitution. all of these institutions that were once respect and mainstreamed, are a bunch of hypocrites hurting america and fortunately americans are aware of this sustained enough and pushing back that has to happen before change can occur. >> one other thing that's not on that list of companies carley and i covered a story over the weekend hosting the marine corps is looking at possibly getting rid of sir and ma'am, little bit of

however, if you have an american express card, you can start buying three-day tickets now.unced yet, but last year, metallica headlined. >> there was also pit bull and luke combs. one app only lizzo. >> she wasn't there. >> no, she wasn't there. sometimemes a coughh isisn't just a a cough so it's s better to be prepepared. sometimemes a coughh isisn't just a a cough binaxnxnow gives y you reliable r results in 15 5 minutes. binaxnxnow gives y you anand detects s multiple v vari, binaxnxnow gives y you inclcluding omicicron ba.5 binaxnxnow gives y you binaxnowow: the #1 c covid-19 seself t binaxnowow: in the u us sometimemes a coughh isisn't just a a cough so it's s better to be prepepared. sometimemes a coughh isisn't just a a cough binaxnxnow gives y you reliable r results in 15 5 minutes. binaxnxnow gives y you anand detects s multiple v vari, binaxnxnow gives y you inclcluding omicicron ba.5 binaxnxnow gives y you binaxnowow: the #1 c covid-19 seself t binaxnowow: in the u us >>> tiktok has revealed its top music artist of the year. >> want to know who it is? lizzo who h

if you have an american express card you can qualify for pretail now.hasn't been announced just yet. always a pretty good show. >>> 4:56 right now. giants fans right now really are hoping the team doesn't end up striking out on this one. >> if you hear anyone in orange and black yelling here comes the judge today, well, we can probably tell you why. it probably means the giants have lured star slugger and central valley native aaron judge back home to the home base. judge, if you didn't know, would be the grand prize in the free agent class. a multiyear deal could come down any minute. we're waiting for that. a top baseball writer posted judge was leaving the yankees for the giants in a done deal. hard core fans on both are still nervous. >> a co-worker and i are e-mailing all the time. >> he's coming back home. i know he's one of your local natives. >> major league baseball's winter meeting ends today and that's a big reason why everyone seems to believe that today might actually be judgment day. >> yesterday was so off again and on again. >> nice to b

look at american express just anecdotally. that stock is not traded well the last couple of weeks credit is going to be a concern, and if credit's a concern, these banks are not going to trade well. >> that's crypto xposure, whic is a top component of kre. >> that's weighing down that in index, but look at the bank of america. we talk about this a couple weeks ago when moynihan, the ceo was at the goldman conference, and he seemed to change his tune a little bit he and jamie diamond that strok dropped 70 in a straight line since he spoke at that conference. go back to what guy said, when you look at names exposed to lend and the consumer in general, their underperformance right now is really troubling. >> not allocating new capital to regional banks, and not even money center banks i just think we've seen this in the market cycles and phases where banks were certainly sold first, questions later in term of credit exposure i think right now the credit concerns at least for the market are not where they were. as we get into next

american express says most are resolved within a month although complex cases could require additional time. discover said 30 to 60 days. if you lose, the charge will reaappear on your statement and you can start having interest from that point. you should not pay interest during the time the credit card company is investigating. disputes like this are pretty rare. they said fewer than 2% are ever disputed. but you have a pretty good chance of winning. for every ten disputes, five consumers win and five sellers win. >>> we would love to help you if your consumer issue has hit a road box, we want to hear from you. scan the qr code on your screen and you can fill out a complaint form online. >>> really a fascinating story about mother nature on the hawaiian islands. look at this. hawaii's largest volcano continues to make headlines. lava flowing from the mauna loa volcano. as of this morning, it was moving about 25 feet per hour and two miles from the nearest main road. that's a concern. the volcano started erupting last sunday and has been spewing lava steadily for a weekful there are s

and if you have an american express card, you do have early access. now through friday, three-day passes are priced from $379 all the way to $5500 for a platinum pass. the festival is happening memorial day weekend. may 26 through the 28th. the show lineup has not yet been announced. that wraps up kron. 4 news at 6 and we will see tonight we hope and 8 o'clock on your bay area's local news station. thanks for joining us and good night. dancing is everything. soccer is the best. but her moderate to severe eczema could make it hard for her. my skin was so itchy. and my outfit was uncomfortable. now, my skin's not as itchy. now we're staying ahead of her eczema. there's a power inside all of us, to live our passion. and dupixent works on the inside, to help heal your skin from within. it helps block a key source of inflammation inside the body that can cause eczema. so they can have clearer skin and less itch. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes i

just don't think about them, grandma and yet the american express. keep talking about frontier like you were dealing in arms to talk to regimes. go through the room and you could then you was and you know, well the americans that don't take the weapons anywhere. they accuse me of delivering to hundreds 10900. thanks to the taliban. how can you do this? 100 flies to afghanistan. so where is the evidence? right? you know, so it's just like saying something and then just leave it hanging there. so they lost faith in their own citizens. i grew up in the soviet union and when i talked to.

american express card holders and certain residents have access to the tickets now.llica and pink headlined the three-day festival. this year's event takes place the weekend of may 26th. >>> 4:56 right now. the lists are out. what dominated your search history in 2022? google trends has released their top searches of the year. >> woodall took the top spot, beating out all other trends, and number two, election results, and rounding out the top three, betty white. now, what was not high on the list this year of those searches, covid. it has been dominating the searches the past couple years. in 2022, it slipped. and the golden state warriors specific to the bay area made it to the number three spot in the sports category. >> 4:56 right now. scary encounter for a north bay family. coming up next on today in the bay, the new video of a mountain lion watching them in their backyard right before it attacked their dog. >> and we're starting out with some dense fog in parts of the north bay. salono county under a dense fog advisory with visibility down to a quarter mile. i'

president tells visit a neighboring beller room for a summit with one of his closest alive lot american express support for training bell. russian forces used the latest russian military technology, particularly in view of the rising tensions on both countries, western borders. the mistakes she would even like to combat coordination of the military units of our countries is being carried out on the territory of fellers. a unified air defense system has been creed to you and is on duty to me, i consider impossible to continue the implementation of the proposal of the presence of belarus on training. the cruise of combat aircraft, of the bell, russian army, which are re equipped for the possible use of munitions with the special war head. i emphasize that this form of cooperation is not our initiative. the u. s. has been conducting similar activities with its nato allies for decades. but such measures are important in connection with the tense situation on the union states external orders you meet after a total of 4 hours spent together including face to face and with their delegations, white mor

and it's even better if you have an american express card. if you mix, you have early access to tickets. now through friday. three-day passes are priced from 380 bucks for general admission tickets. they go all the way up to $5500 for premium platinum passes. the festival will take place memorial day weekend. may 26 through the 28th. the festival lineup has not been announced. count one of the most prestigious dining guides ranking the best restaurants and now michelin. >> he's added 18 new stars to its california died, including 4 restaurants in san francisco. japanese cuisine. and korean restaurant made the list. both of them located in russian hill and in the mission cito and sand hole. one made their first appearance. all 4 restaurants received one star award signifying a very good restaurant in its category. only one california restaurant, newly garnered 3 stars that had a son in san diego. >> still ahead, targeting oil companies. a closer look at governor newsom's proposal to find them for price gouging and how lobbyist for the oil and

a lot is lifted by likes of boeing, visa, i could also add american express and

research with american express says 66%, and two thirds of businesses i seeing costs rising across theime of year when they do make that margin for the year. so with rising inflation, reduced consumer confidence and all of these challenges looming, it has never been more important and delinquent to support small businesses to make sure they can get through to 2023, and we know businesses are the heart and soul of communities, but they also provide incredible support mechanism for communities. we saw that a lot during covid and as we go into they provide employment, they provide social care, they provide social care, they provide sustainability. local supply chains, innovation, etc. incredibly important part of the economy. they are facing lots of challenges. [30 the economy. they are facing lots of challenges.— the economy. they are facing lots of challenges. do you feel our lots of challenges. do you feel your voice _ lots of challenges. do you feel your voice is — lots of challenges. do you feel your voice is heard _ lots of challenges. do you feel your voice is heard by - your voice

extent of the security state takeover of the social media platforms today are the main ways americans express themselves the coney coziness and cronyism we call it corruption but of all industries it is worse than that because it's about the fundamental freedoms as americans. imagine what we would say if a russian social media platform was chocked full of kgb agents and tried to claim it was putin's regime. twitter and facebook and youtube and all the rest are now clearly part of the regime, the ruling establishment with all the arrogance and contempt for anyone that challenges the gro group. and as we'll see in part two of the investigation next week, the chilling thing about all of this is the way they set up a shadow we network of partnerships and alliances to outsource the dirty and illegal work of censoring americans for thought crime. but now the fight back is on. as we saw earlier the federal lawsuit by attorney general eric schmitt and louisiana jeff landry, the new york post has filed a federal lawsuit accusing 67 officials or agencies of violating their first amendment rights. later

boeing adding to that, that stock is up 40% in just the past two months alone also contributing, american expressisa, nearly everything in the payment sector is seeing gains of about 1% to 2% today, so fintech payments in focus, kell. back over to you. >> mergers are back. amgen is buysing horizon pharmaceutical, but also coupa going private, and weber just barely been public, they're going private again. jointing us is dan great to see you, a busy day, surprisingly busy, who else is ripe for a takeover? there's got to be no shortage of candidates weber is the most interesting one. they went public the summer of 221. there's all these companies that went public in 2020, 2021, maybe a bit at the beginning of this year, and they are ripe for takeovers, because they're trading so poorly, and you have an enormous amount of private equity trying to do deals. bravo with coupa, continuing to bring companies public if a stock is really dragging, maybe even below the ipo price, that is a company, if it isn't talking about going public, private companies are thinking about making an ask. >> if you look at

goldman sachs has a big conferences tomorrow this is one of the big ones that everybody watching american express will kick it off in the morning we'll get an update on how the consumer is doing. that may have an impact to why -- the other weak sector is apparel, loudered their earnings estimates. this is the second time in the last couple months they have done that, so all aparity make respect you lower. target, which is apparel heavy, also on the down side. so considering, kelly we've had two reports here, a jobs report and ism services, we're only down a few points past the thursday close it's still not bad, considering bev this topsy-turvy world >> great point, bob. it seems that the consensus is the fed will tighten this into a recession, but they could pull off a soft landing, even though that's not what most seem to expect steve liesman is here to explain, steve. >> kelly, welcome back the strong jobs report, bob mentioned. strong factory orders, and another data point that beat expectations and provided the daily -- careening towards a recession, but the outlook this morning showing mouss

leading the pack you have oil giant chevron followed by travelers and american express.a special christmas message, finally, from stuart varney. right after this. ♪ have yourself a merry little christmas. ♪ make yuletide gay. ♪ so to help you remember that liberty mutual customizes your home insurance, here's one that'll really take you back. it's customized home insurance from liberty mutual!!! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ nevada gold exploration is at record levels, and getchell gold has just released its first resource estimate. with major discoveries in nevada and results still coming in, they're set for unprecedented growth. getchell gold. well, we fell in love through gaming. but now the internet lags and it throws the whole thing off. when did you first discover this lag? i signed us up for t-mobile home internet. ugh! but, we found other interests. i guess we have. [both] finch! let's go! oh yeah! it's not the same. what could you do to solve the problem? we could get xfinity? that's actually super adult of you to suggest. i

the lounge benefits for american express card holders will remain unchanged, beyond increased fees forst passes. >>> that is a look at your money watch headlines. >>> i'm just fine getting a glass of wine at the regular bar. >> absolutely. sign me up. >>> all right. well a lot of us found ourselves inside this weekend. how is it going to be the rest of the week? >> it was a crazy weekend. plenty of people wanted to head out of town. i got rained on, but at least santa con was fun and everyone looked like they had a great time. >>> bright side, let's look at what is going on outside right now though. it is still gloomy was we are waking up in morning. the first alert doppler showing a little bit of energy left over. you see that green really tapering its way off as we head in the morning hours. we are ringing out the last bit of rain. >>> so far this month san francisco has gotten a half inch of rain. we are seeing plenty of rainfall in the forecast, at least over the weekend. now it is going to dry out for us today. >>> we are going to see sunnier skies this afternoon. a perfect opport

has not believed what the company has told us, which is that business is robust we heard from american expresst people are traveling, they're spending money, and booking is the major recipient of this. it's 16 times next year's earnings and the ten-year average is 20 times. they've seen a lot of good signs trending, a positive for them despite having been their own recession. at this price we think this is a wrong call to downgrade the stocks we like booking better than xpedia and other traveling names. >> if everything's so great why is booking down 19% year to date if this is the year of travel, scott kirby comes on the network yesterday and united airlines says i don't know what recession you're talking about, you go on the airplane and the seats are full >> ukraine >> why are the stocks down >> i think in part because of the war in ukraine a lot of their business comes from european travelers traveling around europe and from europe to other places so you've got a war on the continent. i mean i think that's had an impact, and of course it's not -- it's not as if this is a nontech company. i

american express card holders qualify for an early presale and can start buying three day tickets rightis year's lineup has not been announced. last year were metallica and pink. and trending for you this morning off the hot presses, "time" magazine has officially named the 2022 person of the year. drum roll. >> this is the selection, ukrainian president volodymyr zelenskyy. "time" says he galvanized the world by bringing to light the war with russia. in addition highlighting the spirit of ukraine and ukrainians who stood up in unity against the russian invasion. you can watch the entire story on the "today" show at 7:00 a.m. right after "today in the bay." >> right now at 6:00 sentencing day for former theranos president and chief operating officer sunny balwani. this morning we have live team coverage and in-depth analysis ahead of the decision. >>> plus, motivated by revenge. the charges a suspect is expected to face and who police say he was looking for initially. >>> and make sure you bundle up as you head out this morning, taking a live look outside this chilly morning. meteorolog

evercore isi has initiated coverage of american express' spinoff of its global business travel group, gbtg with an outperform, look at this moved to up 2.7% saying that the company will benefit from a rebound in business travel. a rebound to what though? a mega world travel president and ceo gloria boen is known as one of the travel industries icons, welcome to the program on this friday before christmas. you can't talk about the state of the airline business without talking about the status of business travel which as you know got absolutely hammered during the pandemic. what's your 2023 prediction for whether it comes back in full force? >> well, i think it's coming back, whether it's the full force right away is questionable , because the corporate accounts are really now redesigning their policies and procedures and that's the big thing because they are dealing with the new phenomenon of work-from-home but we do see that on procedures and policies that normally they have , that they are loosening some of the tight rules that they have and have had in the past by allowing travelers

and if if have an american express card, you have early access. now through friday, three-day passes are priced from $379 all the way up to $5500. that's for a platinum pass. the festival is happening memorial day weekend. may 26 through the 28th. the show lineup has not been announced yet. >> the oakland city council has approved a proposal to rename a portion of foothill boulevard after bay area. rapper too short known as the godfather of bay area. hip-hop. 2 short put oakland on the map beginning in the 1980's with his music frequently referencing foothill boulevard. oakland mayor libby schaff and councilman noel gallo wanted to honor to shorts contributions to the community. >> i've known to shore cincy since he was in high school miss work. and certainly he was a for freeman high school graduate we're going to recognize him getting more involved directly here in the city of oakland and working with our public schools are youngsters. >> the stretch of foothill boulevard being renamed spans from high street to 47th avenue. looking here, catheri

a lot is lifted by likes of boeing, visa, i could also add american express and microsoft.gain this will be a busy week for news. we'll get a two-day meeting on part of federal reserve by wednesday. overnight lending rate, federal funds over4%, very close to 5%. the betting we'll see a half-point hike. that does not seem to be rattling the market or concern about the retail inflation report due out tomorrow. what seems to be a growing consensus building here we're through the worst of the inflation thing. that could always be dangerous assuming that. let's go to jackie deangelis keeping an eye on all these developments. >> reporter: neil, you're right, it will be a big week for the markets indeed despite the fact everybody is in the holiday season. let me walk you through this tomorrow 8:30 we'll get fresh reading on inflation as you mentioned. november cpi is expecting to say prices jumped .3% month over month slightly less than .4% of in october. yearly basis, prices climb .7%. less than october's 7.7% growth rate. for context recall however, last friday the november prod

the economy and we start to see cpi slow, like maybe we saw this morning, on the other side, american expressecause spending is going toremain elevated. we expect spending to slow down in the next year which is going to put a headwind on the revenue side >> we'll see kevin on the block. thanks for your time kevin barker joining us with his picks. >> coming up, private equitly is dead a look at how rising rates are changing the landscape of funding private companies and the firms ispoed to ramp up spending next year don't go anywhere. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative company. bring on today with comcast business. powering possibilities. >>> welcome back want to get to one more thing before we go it's only the future of deal making robert frank is here with why those failing offices we talke

you've been coming on and talking about american express and visa and these names have done very welleah, look, you know, as long as the spending levels are strong and in their case inflation actually kind of helps that because they price on a dollar basis and so as long as this spending levels are strong, those businesses really benefit when we've continued to be in a pretty benign credit environment as we have been so far. charles: i want to get your thoughts on the other payment systems out there. we're going to show the new tax form that unfortunately a lot of people will learn how to use. complicated. the 1099-k with little buckets for every single month and this new law we we are told not go -- we were told not going into effect have gone into effect and all these things $600 or more on venmo and zelle and paypal, you have to report it to irs and many are saying this is an invasion of privacy and this is enough to pay 3% credit card fees or a small murder toll save that kind of money and if so -- hurdle to save that kind of money and if so, is paypal still a viable investment? >

today president biden delivered a special holiday address focussed on uniting americans and expressed optimism for the new year. he said no matter what faith americans follow we should be united in caring for one another. >> my hope this christmas season is that we take a few moments of quiet reflection. find that stillness in the heart of christmas, that's at the heart of christmas and look, really look at each other. not as democrats or republicans. not as members of team red or team blue. it's who we really are. fellow americans. fellow human beings worthy of being treated with dignity and respect. >> the address came just a day after his historic meeting with ukrainian president zelenskyy. zelenskyy received a standing ovation when he visited the capitol, marking a rare display of bipartisanship in washington. >>> the january 6 committee has officially released its report, the report, a whopping 845 pages long, comes days after the committee made a historic recommendation to the justice department to pursue criminal charges against former president trump. the committee will also r

american express was nearly done in because they miscalculation on lending to some kind of oil.happen. the thing is, it doesn't mean you abandon it. you find out what didn't we see and try to do it better next time but it is going, human beings are going to get caught up in these things. charles: what about then the folks who should have seen it, sequoias of the world, raised money twice for sam bankman-fried? once at 25 billion. they have access to books. they understand better than anyone how to do due diligence. my fear they will continue to allow these to happen because there is always a way to off-load this on the general public. >> in terms of ftx i'm surprised he went before the audience yesterday and the audience clapped him like bernie madoff, absolute fraud. that should be, he should be ultimately if they find out it look like what he did he should be brought before the bar of justice and brought back from the bahamas. charles: what about the vcs that gave him the stamp approval? >> they got caught on the hype. even though there wasn't much there now. charles: i'm watc

and if you've got an american express card, you have early access.ough friday, three-day passes are priced from $379 all the way to $5500 for a platinum pass. the festival is memorial day weekend. may 26 through the 28th. the show lineup has not been announced yet. >> and now kron 4 sports brought to you by xfinity. >> alright, relax niners fans. the sky is not falling. we very well could see jimmy garoppolo again under center this season. today we found out that jimmy g's broken left foot when you have where he sustained it right there. look painful. it's not going to require surgery and the injury is not as the doctors initially thought doctors concluded that jimmy g did not suffer a lisfranc injury and if rehab goes well, he could potentially return in about 7 to 8 weeks, which is just in time for the nfc divisional round game. so let's go. maybe we can see jimmy g again. oracle park was turned into a winter wonderland this evening. i was there was a whole lot of fun. all of it was for a great cause to wonder why foundation for children put on the

very appreciate the fact that you are focusing attention on that american dream and helping americans expresst of the conversation tonight. very much appreciate it, eric. after the break, we are visiting the sandy hook mass shooting ten years later. shooting ten years later yawning] let's get you home for the holidays. ♪♪ ♪♪ ♪♪ (fisher investments) it's easy to think that all money managers ♪♪ are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when our clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ peaceful state. full plate. wai

if you have an american express card, you know, you get early access. now through friday, 3 day passes are priced from $379 all the way to 5500 bucks for a platinum past. the festival is happening memorial day weekend. may 26 through the 28th. the show lineup that has not been announced yet. >> i love that. they're like trust us. you'll like the act. uber sleigh bells are ringing. are you listening? the company is revving up a little magic this holiday season. they hope their booking travelers up at the chance to experience a free sleigh ride while being pulled by a reindeer. riders are able to book on demand. sleigh rides there. 2 hours, law, each one is pulled by, you know, send his best reindeer and riders will get a blanket as they dashed through the snow. unfortunately, this is only being offered. me, me, me, me rovaniemi finland, which is santa's hometown. so you can imagine there's going to be some surge pricing haha, that's cute. and at the end, you get a hot delivered. we don't work for uber. i don't know why were 4 news at and are here. >> to

some of the really strong credit cards out there like american express platinum or sapphire preferrede is trip interruption protection. they will reimburse you for hotels and ubers and things like that. there is a limit, but that's one unknown benefit of this. try not to check bags. if you can at all, avoid it. you want to book nonstop, direct flights. you don't want to have a layover. it adds to the mess. just a couple of tips at the points guy. >> i'm keeping this up because i think it's important for people to see. it's good to be able to understand, especially when you have so many people that may be taking their first flight in a very long time, who are not used to flying, don't check bags. fly nonstop. check your credit card benefits as you just mentioned. book another airline. that's sometimes harder done, easier said than done, and save and submit your receipts. >> yep. >> i do have a question for you about southwest in particular. what will southwest do going forward? how can they make this right, if at all, and how much damage has this done to southwest airlines? >> this is

criminals, but i also say local law enforcement's not enforcing that i would use a credit card like american express that you find out is the porch piracy covered or not? because, you know, sony virtual reality headset or a playstation 500 x box. that's a lot of money. and sometimes the boxes are little bit too obvious on what could potentially get inside of it of note, 19 and a half billion dollars in losses last year due to porch. piracy, 216 million packages taken off people's front doorsteps. oh, my god. not staggering. i didn't realize the numbers are that high. want to be kevin from alone at home alone and set up, you know, traps of the traps. all don't do that because that's against the law to true that if anybody gets hurt lawsuit to deal with as always, we're going to check back in with rob tomorrow. so let him know. >> what topic you'd like in the chat about facebook, twitter you see is handles there. e-mail him directly is more than happy to chat with you that way to rob atwe're bac 9.24. and it is election day once again in georgia. the outcome of today's runoff race will determine exact

other companies like american express on the credit card side just at the goldman sachs conference and they pointed to guess what the consumers not doing all that bad. i think we'll end up having kind of a split in terms of what we're looking at. you end up having the low end consumer which is in a recession and the mid and the higher end is actually going to be okay. you know, at least for the next six months there's a lot of cash still on the sidelines. people are getting hired and we're not really in a recessionary environment right now. it depends on what industry you're looking at and what the demographics are being effected. >> cheryl: also dependses on the employment picture and with a lot of these large companies a u.s. naval nothing layoffs or hiring freezes, that will be another part of how this i think plays out in the first half of the year especially with consumer spending. guys great to see you. teddy weisberg as always, grandparent great to see you, teddy, thank you. all right, well, the 2022 mid-terms are official ly over. democratic senator raphael warnock took a victo

and a number of companies have commented on the travel business here american express was talking this morning they said they're still seeing record travel bookings bank of america spoke, the ceo there. brian moynihan, he said travel was strong, consumer is still strong, although the rate of growth for the consumer is slowing a little bit and ally bank expect a soft landing or a mid-landing the banks are not doing well the banks have been terrible performers in the last few days. jpmorgan is up today, because morgan stanley -- oh, now it's down jpmorgan was up all throughout the morning. it got an upgrade at morgan stanley, but amex down, bank of america, zions had a terrible day yesterday. some of these banks are starting to appear to be anticipating somewhat weaker economic conditions in 2023 where are we, kelly? remember the powell press conference last wednesday? we went from 3950 to 4100 on the s&p. there you go, kelly, that is a complete round-trip. we're back to where we started, just a half hour before jay powell started talking last wednesday. that was 3950, we're now at 3941

it's the presale napper residence are the first to get in on that and if you have an american expresses. and i don't be shocked because you have to think so. it's $379. but that's for a three-day pass. so i used to think i know i used to be like, oh, my god. that's crazy. yeah, right. but you get a lot music for that. now, you know, all the way up to 5500 bucks if you want a platinum thing. but you thank civil starts memorial day weekend. so may 26 through the 20th you really need to to tickets are now. it's not until may. >> we don't know the lineup, but the lineup is always just always going awesome. heaven. well, i don't think john can see out that far with the forecast, right? so let's go ahead and buy it. i'm sure we'll be fine and all right. 5.56 is the time. we'll be back with more in a minute. coming up next in the next hour, convicted theranos executive sunny ball. wally is going appear in court today. >> for his sentencing will have the latest in a live report. plus, state senator scott wiener received bomb threat at his san francisco home. why he says his work with the lgbt

and if you have an american express card, you have early access. now through friday, 3 day passes are priced from $379 all the way up to $5500 for platinum pass. the festival is happening memorial day weekend. that's may 26 through the 28th and the show line has not been announced yet. so few pipe and now hopefully somebody you want to see will be up there. honored for hollywood stars for their achievements in the film industry, including oakland zone. ryan coogler, along with oscar nominated actress margot robbie filmmaker sarah polley and stephanie hsu coogler the director of the 2 black panther movies accepted the award for excellence in directing. i talked with him about how growing up in oakland shaped him as an artist. >> i think here in the bay area, we grow up with what deep sense of appreciation of a rebellious spirit. i think, you and also i just communication skills may god, you know, to talk to everybody out here is just a virus you know, being able to see from different the input that exhibit that you know, it's all that i think is a i

. >> i carry american express. >> a frequent white house guest.>> and a roll to history with sylvester stallone. >> these, these, these, these. go. >> the artist andy warhol, famously equipped, everyone will be world famous for 15 minutes, but after meeting and painting pele, he revised his statement. pele will have 15 centuries of fame. >> i love the people. the people love me. >> in his later years, he served as a u.n. ambassador and a champion of both the poor and the environment. he always remained beloved as simply pele, the greatest soccer player ever. sam brock, nbc news. >> our hearts with the family of pele as they are mourning his loss. and our thanks of course to sam brock for that report. >>> turning now to domestic politics, the steady stream of investigative materials continues from the january 6th select committee. today the panel released another batch of transcripts from depositions, including some big names, former president trump's top speech writer, spokesperson, press secretary, and even one of his own sons. the release comes

look at american express the biggest loser down five bucks right there.sports fans. friday feedback is next. ♪ ♪ what should the future deliver? (music) progress... (music) ...innovation... (music) ...discovery? or simply stability... ...security... ...protection? you shouldn't have to choose. (music) gold. your strategic advantage. (music) visit goldhub.com. (vo) the fully electric audi e-tron family is here. with models that fit any lifestyle. and innovative ways to make your e-tron your own. through elegant design and progressive technology. all the exhilaration, none of the compromise. the audi e-tron family. progress that moves you. i remember the gift, it was one of those gifts that it just landed perfectly. i figured this is a great holiday present since i won't be with him for christmas. it was the best gift that i ever received, because it opened up my life. unwrap your family story, with ancestrydna. punch up your portfolio with benzinga and world renowned trader chris capre. learn the lucrative options market and how to effectively trade in a b

the board of american express, and if we talk about ftx, i believe -- could we talk for a second about the bail hearing everybody is sitting around going, oh, my god, he claims he has no money, and he doesn't have $250 million, and his family is signing for it they didn't pay 10%, and didn't even put up $25 million, which is tiypically how it would work is this a sham deal? what is this >> i don't think it's a sham deal you have experienced federal prosecutors and a federal judge weighing in on this, and you don't see any real complaints from what is the experienced community. there was obviously a determination that he's not a flight risk. i think that this part of the story will fade away >> the way i see it and the way i understand it, there was some back and forth before he left the bahamas, meaning there was an extradition issue, which is he could have objected to extradition and he didn't. as part of that they agreed to some kind of bail proposal in advance of that to try and actually figure this out he clearly wanted to get out of the prison in the bahamas, which was not so grea

it in the ulan-batter, riots began and looting killed five people over 300 were injured american media expressedoncern that pro-communist forces could win in mongolia and the country could become a satellite of putin's russia then the mongolian people's revolutionary party retained power, but only a year later the representative of mmrp. nam barrin enhiar, lost the presidential election leader u democrats. dolbogdorzhu in 2012, the court found the ex-president guilty of illegal privatization of the hotel orgou and the ulaanbaatar times newspaper n. khabayar was sentenced to 4 years and imprisoned. true, the sentence was soon commuted to 2.5 years in december 2018 , a new corruption scandal broke out in the country, tens of thousands of people took to the main square of ulaanbaatar to protest the rich and corrupt officials who represented both parties. it turned out that the year before, the authorities took from the development fund for small and medium enterprises 60 billion tugriks. this is 24 million dollars and they spent it on financing the election campaign. as a result, both the governmen

institutions that wronged them. 2012, just over a year after being fully operational, they ordered american express subsidiaries to refund $85 million to an estimated quarter million customers for prabtieses including unlawful late fees. they reached a settlement requiring salie me a to pay $60 million for service members. they fined wells fargo $100 million for opening unauthorized accounts and ordered wes wells to refund and estimated $2.5 million in fees acrude. this year they fined bank of america for unlawfully garnishing consumers' accounts. cfpb cracked down to ensure consumers keep their hard-earned money. no other agency fights for consumers like cfpb. it's in wonder wall street hates this agency. since the pass am of dodd frank, wall street and its allies have aimed its fire at cfpb trying over and over to undermine and gut the agency responsible for fighting for main street and consumers. republicans have proposed bill after bail bill to weaken cfpb to take away the effective single director truckture, to put the agency's funding in limbo, in the limbo of congressional appropriations or