we had american express boosting its forecast with shares up 7% on the day. jetblue warning about the spirit deal. a lot of question about the termination and when it would happen and whether the two sides agree. you have spirit airlines down 12.2% on the day as prospects look dimmer about this deal, given the moods we have seen from the government itself as well as jetblue that is now up about 2%, more than that a little on the day. we will shift gears and talk about the biden administration halting approval of new licenses to export liquefied natural gas while it is scrutinizing how shipments affect climate change, the economy, and national security. abigail doolittle has more on the market reaction. abigail: let's look at well because it is hard to know how much of it has to do with what you were just talking about. we have had gains for oil the last two weeks. oil is getting more than 4%, adding to its best week since the middle of october and not only is there that action from the biden administration you were just talking about, there is the fact that i

the chairman and ceo of american express, the host out here. by the way, catch live coverage of the american express today, tomorrow and sunday on golf channel and peacock starting at 4:00 eastern time. >>> let's get the headlines with silvana henao. >>> secretary of defense, lloyd austin, has been called to testify before congress about his failure to notify the white house of his hospitalization. the pentagon confirmed with nbc news today that the house armed services committee sent a letter requesting to austin to appear february 14th for a hearing. the hearing will focus on how the defense department waited three days to tell the white house austin was in the icu for complications from prostate cancer earlier this month. >>> prince harry dropped his libel lawsuit against the publisher of "the daily mail" after doubt was cast on the case today, a day after the prince was to turn in documents in the case against the publisher's associated newspapers. he is now on the hook to pay for the publisher's legal fees. >>> and as a cold snap ripped mo

does american express see the things that dfs saw? that's interesting to me. and american express is within six or seven dollars of its prior all-time high, made sometime in 2021. >> or even if they see the business part. >> the spend part. >> yeah. >> not much of a credit story, right. >> right, if they see spend levels. >> yes, the economy, and how also businesses want to spend. >> yeah, let's get more on the run in semis, bringing in bern stein's u.s. semianalyst stacy raskin, good to have you with us. >> good to be here. >> does this run make you nervous going into earnings season? >> anytime you go into earnings you prefer expectations to be lower rather than higher and expectations clearly are going up. some of it's also the general cyclical behavior, you have to remember, the cycle's been unusual. last year was a down trend, semis were down, stocks were great but revenues were down. this year revenues will grow, pcs and smart phones, driving semiconductor demand. they've hit bottom. and people looking for markets to grow some this year. a.i. is clearly

american express.ravel, people are still traveling. there's not a recession. >> joe, you own it, too. >> yeah, it's all etf. the ownership is more oriented to the strong price performance. i agree, the balance sheet is good. balance sheet is good. where do we fall, soft landing to firm landing to get to hard landing? if it's more towards a firm landing i think you have to acknowledge that american express will come on under a degree of fundamental pressure. >> do you think the dmo claws back -- i'm just kidding. >>>le and citi names lam top pick. you own both? >> yeah, lam research in terms of semi-equipment is clearly the number one company that you want to own. you're looking for recovery. memory, the recovery is actually coming and the street had expected. lam research is a quality company. best in breed in semi. >> courtney has the news. >>> secretary of state antony blinken met with the leader of the palestinian authority mahmoud abbas about its future. blinken spoke with abmahmoud ab. and israel

i have been recommending american express for ages. always tell lightning round colors capital one is a very well run company under the leadership of richard fairbanks. you might think there is nothing special about those credit card companies, but american express and capital one are playing different games. it is almost as if they are different industries. as steve put it, his company has a singular focus on premium customers. capital one has a singular focus on prime customers. they know how to take levels of risk and hard enough interest. me walk you through both quarters so you get what i'm talking about. this may help you try to get your arms around the financials. suddenly we have quite a bit. american express reported a top and bottom line even though their numbers were up year-over- year they fell short of wall street expectations. there were squiggly lines, business came in light while the reserve bill came in higher than expected. that means more deadbeat borrowers are not paying bills, but those were just all sideshows. all

no doubt >>> coming up, american express dark in on strong guidance before the bell. whether to buy the hype around this name so closely tied to the consumer earnings season heats up next week not just about tech, novo nordisk, gm, exxonmobil in the hot seat we'll return to the charts to see how the names have fared stay tuned. >> this is "fast money" with melissa lee. right here on cnbc you know when you have those moments? that time to reflect. to be like wow! what did i do to get here? (tense music) right. work. you worked hard and it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country . going, got you where you want to be. we're the partners for your next move. everbank. advantage, you. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because th

to get back and he had a gut feeling that he wanted to bring together all the employees from american express in what we call the tri state region, new york, connecticut, new jersey and the office was shut down. so he rented out madison square garden and he invited everybody from express, about 5000 people to come and his communications wasn't me i had left the company then but his communications team gave him a speech that he read, but he set it aside and he walked into this arena full of people who were heart broken. some had lost family members, friends and he waded into the crowd. he hugged people. he spoke from the heart. and he said that american express is best days are ahead of them. and again, you know, my focus is on leadership and. to me, the ultimate job of a leader is to be a purveyor of hope and optimism and that moment, ken had perfect what what a great example. are there questions from the floor if are please line up at that microphone and we'll take just a few minutes of questions. i don't think too people behind me, but okay. yes, sir. i two questions. one has no relationshi

so american express is getting my $700. am not going to comment. >> that is the math of how that works and why that makes sense. then to go to an uber and they say give us $200 worth of uber rides because then i will do more. and there is a discount on those they -- giving uber some money for that privilege. same thing with the airlines. now i am renting in a related building. related will pay you? >> your payment processing, either the landlord pays for some of the fees or sometimes the consumer pays or sometimes the bank pays. >> explained that, the bank will pay the fees? >> we have an amazon credit card and use it for in 5% cash back, chase bank pays for that. if you have a -- card and using an apartment building, the banks can fund the action rewards. if you're using an american express card, either the landlord might pay for the fee or the consumer. >> my original conception of this was something that would help with affordable housing and build their credit score. what you are describing is something different. i thi

university of alabama sophomore nick dunlap won the american express open on sunday. he's the first amateur in 33 years to win a tour event. for more download the cbs news app on your cell phone or connected tv. i'm carissa lawson, cbs news, new york. >>> it's >>> it's monday, january 22nd, 2024. this is the "cbs morning news." then there were two. the fight for new hampshire heats up as ron desantis drops out of the presidential race and backs donald trump. now the former president and his former u.n. ambassador nikki haley are ratcheting up the attacks on each other. >>> frozen over. an icy blast of winter moving across the country's midsection while the arctic cold finally gets ready to move out. >>> the tunnel of terror. the israeli military releases video of a tunnel under gaza where it says hamas held about 20 hostages. >>> good morning, and good to be with you. i'm anne-marie green. it's now officially a two-person race for the gop presidential nomination after florida governor ron desantis suspended his campaign. with just a day before the first primary in new

economy american express is due to report at 7:00 a.m. eastern time this morning you see amex ahead of that down by .80%. >>> t-mobile shares are missing earnings estimates, but revenue beat by $1 billion strong subscriber gains. t m t-mobile added 9 million customers in the quarter expected to add 5 million more this year. that's something that's quite something to think about. >> that, too >> t-mobile. talk about a success story at&t and verizon you see withione line and one l. >> two companies and you say what a crappy business how is ryan reynolds >> he sold his business. >> he still does the ads >> i don't know. does he? >> yeah. i see them all the time. >> he sold that business >> nice that he is trying to help out >>> shares of tesla closed down 12% yesterday after the slowdown of growth in 2024. last night on "mad money," jim cramer said tesla is out of the magnificent seven of the high flying tech stocks >> someone who is among the first to vocalize the magnificent seven, i officially knowledge there are six left >> we will talk

. >> nick dunlap wins the american express as university of alabama student nick dunlap becomes the firstr since 1991 to win a pga event at 20 years old. >> so how does this work? like, do you have homework you have to go work on now? probably won't do it, but yeah, i do have homework. >> this happened yesterday in california at the american express, formerly known as the desert classic. ten hole all the way. and that last amateur to win a pga event back in 1991. why that would be three time masters champion phil mickelson, who posted on x after the 18th hole, quote, congratulate us on an incredible win this is just the beginning. >> you're always watching the pga tour, right growing up. and to see people win and go crazy and i just never i thought i could, but i never saw myself in that position. >> wow. >> now one interesting wrinkle about this historic win is what happens to the $1.5 million in prize money, you see, because dunlap is still a quote unquote amateur, he can't keep that money. instead it slides down to the second place finisher. can you imagine if you had told me five days

if consumers keep spending and traveling, that's good for american express. consumer product is growing in terms of young people signing up for platinum cards, and it's really, i think, showing traction today with millennials and gen-z. we think there's a long runway for american express more than 15% from this point. >> ai play in some respects? >> yeah, sure. they understand a lot about what you purchase. they can give you information about what you've spent before what you might be likely to spend on. i think it's a fantastic service they offer with the card, and i bet most people who come on use their american express card and think highly of it. >> you let us know how that black card is. i know how you roll, kari firestone. depot, top pick at wells. target goes to 385 from 340 overweight. what do you think of this one? >> that's a good call. it went down because interest rates are going up and that affected the housing market. it's positive, one of the best retailers in the world. we think it could see a good year this year and particularly if rates fall

american express is a good example of what i want like, look, business is so great.e have no choice. >> we're going to talk more about amex there's a ton of interest within the quarter. >>> meantime, tesla is set to open a little higher this morning a day after its warning sent the stock tumbling 12%. tesla is the only mag seven name now in negative territory for the year, down 25, and this is what jim had to say about that slump on "mad money. >> someone who has among the first to vocalize the magnificent seven rubric, i officially acknowledge now that there are only six left. a super six-pack as for tesla, time to move on. >> so, today, jim, we got edward jones cuts, wedbush takes it off best ideas >> that conference call was just so horrible. all i heard -- you know what that conference call was like? it was like a ford call. >> that's really saying something. >> well, i mean, like, well, they kind of -- if the economy were a little bit better i'm having fun there with jim farley, but if only the economy were better, if rates were lower, it's all about affordabili

topping the list is american express. 4.8% i higher.bouncing a little but not that much. nike, ibm dow inc. sorry, go ahead? lauren: i just wanted to correct movements i said 73,000 job cuts this year, it's 23,000. just for the record. don't want to give wrong information. i read my handwriting wrong. stuart: s&p 500 winners, biorad labs, american express, estee lauder, whatever, donahoe group with. [laughter] nasdaq -- i just don't know. [laughter] i hope they're not offended i get their name wrong. tesla's at the top. lauren lauren just a 1 gain. stuart: tesla's now at 185. okay, the 10-year treasury yield, it's actually moving up a little, 4.14. the price of gold still -- lauren: that's surprising because we got the core pce inflation number under 3%. stuart: yes, we did. lauren. i thought the 10-year would be a little bit less. stuart: apparently not. bitcoin -- well, gold is at $2,039, bitcoin's at 41,2. oil last time we checked was $76 a barrel. 77 now. going up a little bit. nat gas, despite all the lousy weather around the count

first, i must note that axp american express, missed on consensus revenue and earnings.ompany hiked its dividend by with 17 forth. follow this. their billings were up 6, revenue if up 11%, net income up 23% p. okay, not too bad. provision for credit losses, right? up 40%. $1.4 billion. they ended the year at 4.9 billion, up from 2.2 billion a year earlier. that's mind-boggling. now, the results were a reminder that everyone loves, the and e, travel and -- t and e, travel and entertainment. look at the bottom of the screen here. really interesting. if you go back to the bottom right-hand corn ore of this when that started to spike, that was the first quarter of 202, it's come down every single quarter. so maybe, just maybe, we're running out of money. but where are we spending it? we love going to restaurants. that continues to be the big name, big space for spending this extra cash. lodging, air fare, airlines also a benefiting. and i'll give you just one guess, who is suffering the most from fear of missing out? all right, time's up. millennials and gen-z service spendi

american express though is the winner so far at least if yo look at the stock reaction the company's positive outlook is the main driver forecaste better than expected profits this year, and it boosted it dividend as well i caught up with an exodus cfo who told me that the highe income consumer that they ar serving is looking strong. restaurant spending top 10 billion dollars for the firs time, spending was up 11 compared to about 6% across th board. airline spending though di slow a bit he did say they are gainin traction among younger people, gen z in particular, and the apple pays growth said it is a win-win for a max. it has been negative for companies like paypal. amex did see record revenue, although that in earnings were light of expectations. and then you have a visa so by most accounts, these ahead early strong quarter the estimates, you saw prett strong quarter volume. the reason for the stock dro was the slowdown that we hav seen in u.s. spending, at leas in january the company at least partially blamed severe weathe conditions keeping peopl inside and spending less in th

it's consistent with what we are just talking about >> visa, american express, i've also point to capitalay 8% on the week it also has gotten clear of lot of the worst worries you had about credit delinquencies operating the broader part o the market than american express, it all looks good honestly, it is backward looking. we have to see if we get fatigue in there in terms of the consumer it is an offset to some of the other cyclical companies tha have had a little bit more of downbeat, whether it is some o the banks even, saying tha things like might be a slot. it is holding the earnings season together seeming it i more given take than all tha -- >> these luxury retailers have reported the stocks were absolutely bonkers today to the upside, as well julia boston, on meta, as look here it is pushing toward $400 >> that's right. meta is sending more recor highs today ahead of earning coming up on thursday of nex week despite the fact that the stoc is up nearly 100 and 70% ove the past 12 months, analysts are increasingly bullish i'm raising its price target from editor trinity for dogs t

the american express relationship, that revenue is growing.igher premium category, so that category still has a tremendous amount of net wealth they want to invest in themselves. >> looks like jetblue and spirit is done. it's hard to get a deal done. how do you look at that and the landscape as you think about growth in the future? >> well, it's interesting. i don't know what's going to happen there, whether they're going to appeal or not. that's not our market segment, largely. our segment, again, is the premium sector. down at the lower cost level, there's a lot of disruption that's occurring, and there will have to be some type of -- whether it's supply that's going to have to be changed in the marketplace, becauseboth those carriers are not doing well. >> sure, but the big guys have done deals, obviously, in the past. do you feel like those days are over? >> we're big enough, yeah. we have no m&a desire in the u.s. you've got four big major airlines. that's a pretty strong base. we're highly competitive. you know that every day while fares

this happened yesterday in california at the american express, formerly known as the desert classic andhe way. >> and that last amateur to win a pga event back in 1991. why that would be three time masters champion phil mickelson, who posted on x after the 18th hole quote, congratulations on an incredible win. this is just the beginning. >> you're always watching the pga tour, right? growing up. and to see people win and go crazy and i just never i thought i could but i never saw myself in that position. >> wow. >> now one interesting wrinkle about this historic win is what happens to the $1.5 million in prize money, you see, because dunlap is still a quote unquote amateur, he can't keep that money. instead it slides down to the second place finisher. can you imagine if you'd have told me five days ago that, hey, you know, would you rather have $1 million or win on the pga tour? >> it's like, oh, i'd rather win on the pga tour. come on. so with all this winning, the question, of course, becomes could it finally be time to go pro? it is a reality. like it's a possibility. and, um, i just

lauren is looking at the movers which i want to start with american express.e you the earnings earlier but didn't tell your american express is increasing its dividend by 17% at a new high. stuart: the firm, the buy now pay later company. lauren: of 3%, 3 in 10 americans say they are at least considering using these services in january according to lending tree and the average, what do people use to pay the reform? anything. you break up, interest free provider you pay it back, the average purchase price when you're using it is $132. stuart: interesting. estÉe lauder, luxury is resilience. lauren: we saw that with american ask press numbers, a 10% increase in their fourth-quarter sales. they like estÉe lauder 2 and they are increasing their price target from 100, to 115. stock is down. we got the personal income and consumption numbers this morning for december, the spending number, consumption, doubled expectations, came in strong at 0.7% so it is almost like a bifurcated consumer, the rich continue to spend and other people struggling. we start to text famil

what we've been so lucky to have happen today is we brought in the ceo of american express, for years rewards and this merchant ecosystem join us. he joined general catalyst where part of this round is really the lining interest bringing in can is a partner in the business and then a lot of this can be used for things like share buybacks. one of the benefits of being a profitable company as you can focus on long-term whilst still giving investors early liquidity opportunities. caroline: will it change you having a cobranded mastercard. >> we are the payments and reports platform across the country. people get rewarded with rent payments to matter how they pay. check and cash, amex, visa, mastercard. what's so exciting now is we are not just getting points on rent, you're also earning your neighborhood. there's never been -- we are really excited about that. rewarding you on the biggest expense rent to now building that loyalty and allowing the local restaurants to say here is how you big -- reach this and reward them for coming in regularly. that can be a game changer. caroline: it's

americans are still spending -- american express beating analyst estimates and painting a great picture for 2024. we will discuss our highlights with the amex ceo, next. this is bloomberg. ♪ ♪ katie: a positive sign about the u.s. consumer, american express out with earnings today and the company says it is sticking to its long-term profit and revenue goals, forecasting earnings for 2024 that topped analyst estimates. caroline hyde spoke to the ceo earlier today, and joins us now. i imagine he was in a good mood. caroline: he is always in a good mood. he is feeling really strong. the momentum they saw in the third and fourth order will continue into the 2024 year in terms of the resilience of their clients. the customer base is not the economy and not a direct reflection, it is a higher tier. we will see better abilities to pay down their debts, and that they are very in control of how much they are having to set aside in terms of credit losses. the consumer is still resilient, and he felt positive about the momentum within the spending in amex. we might have missed the odd consensus re

so now as soon as the latest war with the american express which interest on now, is it just a little talk? it's also on the truck around israel concludes its defense against accusations on genocide being gaza. calls on the international court of justice to throw out south africa's case the control guy. welcome to the program. we saw the young man who he examples of promised retaliation for a wave of us and position strikes against truth and control targets in yemen. a tens of thousands fill the streets of the many capital set off to protest the strikes which the us new case i was to protect international shipping admin services. the recently noticed thousands of attacks on ships and the red sea aimed at stuffing israel military campaign against thomas and gaza. as president joe biden's, head washington would respond to potential new attacks of the senate streets packed with protesters their incense by a wave of us and british strikes on thousands of through the targets in yemen. launched in retaliation for a tax on shipping in the red sea island. this is a message to britain and espe

the 20—year—old kept his nerve to hole a six—foot par putt on the last to clinch the american expressisses out on the $1.5 million prize money though because he's not a professional, but all is not lost as he now has a two—year exemption on the circuit as well as entry to the masters, the us pga championship and the players championship. the kansas city chiefs remain on course for a fourth super bowl appearance in five years after winning another nail—biting play—off game against the buffalo bills. two years ago this same fixture served up a classic and sunday's divisional round match—up certinaly lived up to the billing, the chiefs taking it 27—24. it is the third time in four years that kansas city have knocked the bills out of the play—offs and this time they did it in buffalo. up next for the chiefs, the baltimore ravens who beat the houston texans 34—10. meanwhile, the detroit lions booked their place in the nfc championship game for only the second time. they held off the tampa bay buccaneers to win 31—23 and reach the nfc championship game for the first time in 32 years. detroi

getting into anemai as a kid, as a young person because it was one of the avenues of asian-american expression that i can relate to. my project is i'm highlighting 6 trailblazers who's family was tied to san francisco. they all have different forms of art expression. but i noticed through the research that there is a common that connects them all, which is this desire to live life authentically, organickly, speak of the love that they believe in. i made it art students and learning about art history and the place in art with the context of learning about their predecessors. >> sinsawa is synonymous of san francisco. there is a school named after her. >> wasn't she also in stamp? her art was in 2020. >> do you think she would become a artist? >> hmm, i think she was like 100s of other in the city that love the art. when there is no audience or income, why do we still make art? >> well because we seek to know ourselves and one has to believe like alela, we make art for a lifetime not just a career. i think for some, artist like breathing, it's how we know we're alive. >> it's so incredible to do

university of alabama s homore nick dunlap won the american express open on sunday.first amateur in 33 years to win a tour event. for more downl n your cell phone connected tv. i'm carissa lawson cbs news, new rk. ♪ >> announcer: this is the "cbs overnight news." >>> hello, everyone. i'm lana zak in new york. thank you for joining us. florida governor ron desantis has suspended his presidential campaign and is lending his support to donald trump. the news comes with new hampshire set to hold its first in the nation primary tomorrow. it's now a two-person race for the gop presidential nomination, trump and former south carolina governor nikki haley both vying for voter support. desantis canceled his new hampshire event on sunday, instead making this announcement online. >> now, following our second place finish in iowa we've prayed and deliberated on the way forward. if there was anything i could do to produce a favorable outcome, more campaign stops, more interviews, i would do it. but i can't ask our supporters to volunteer their time and donate their resources if w

they are set to report visa, capital one, american express, all three of double digits in the past threewit capital one the upper former they are cautious, however, ar concerned about evaluation slowing volumes risk t consumer credit. how about this group >> i prefer to look at thi group as a barometer rathe than investing in it you know, i've always had sort of a love story with america express, because we never have to worry so much about the consumers. here's how i would like to play it instead of buying them, how about that you watch them? and you want to see flows, wan to see that capital one always complain about how they're having more delinquencies. we're not necessarily hearin that now but when you start hearing american express say they're well heeled clients are having a problem, that's when i think the overall economy. overall, i'm still bullish o this i think consumers coul increase their loans, i thin they're going to be able to pa it off, and remember, we are looking down the barrel next year of rate cuts and better roads ahead. i went through match with them >> interestin

to the top of the dow heat map and american express. am-ex powering higher by 7.25%, charging to an are intraday record high of $204.75 earlier in the session. not only did the credit card giant outperform it peers in the fourth quarter, am-ex gave quite the mat numb 024 -- platinum 2024 revenue forecast. check this, the cfo says one of the last year's biggest drivers was restaurant spending which reached $1000 billion for the -- 100 billion for the first time ever. pair that with this on your screen, arguably the most important economic data, the latest print showing that core inflation rose at the slowest annual rate in nearly three years. core pce, personal consumption expenditure -- that is the federal reserve's preferred inflation a gauge -- rose .2% month over month and 2.9% year other year, the lowest since march of 2021. it's going in the direction that the fed would like to see it. inflation's slowing. the bond market, however, does not appear no -- to think the numbers are enough to warrant an interest rate cut. right now the

you point out, discovery, near to the bottom, capital one, a little better, and then american expressry, very different customer. >> right. >> we'll see. it was down today, as well. not surprisingly, it should be, if there's any whisper of credit concerns, but to me, i still think that this will be somewhat bifurcated. >>> moving on here. the commercial real estate industry with $1.2 trillion in debt coming due through 2025 and higher refinancial costs expected to weigh on stocks. oak tree capital calling the wall of cre debt the most acute area of risk right now. for more, let's bring in jade ramani, managing director at kbw. you don't think there's a soft landing ahead, but what does this landing, quote unquote, look like, then, and how does it play out in the stocks you cover? >> well, commercial real estate is in the cross hairs, and for 2024, we do see turbulence. for you taylor swift fans, i would say, no, we're not out of the woods yet. we see pressures on asset values, down around another 5% to 10% for a cumulative 25% to 30%, and that will lead to credit pressures. there's 1$

pensinalt that ran american express and rewards programs, he knows all about it.goodell, head of nfl and commissioner. he understand this is kind of story is&what does goodell bring to the story? >> it's the most fitting partnership and we're lucky to have both and nfl is single biggest hometown little in the world. the community and loyalty around sports teams and do you know how spend cops from local investment into sports from the memorabilia and tickets and the local pride? if we're the company that's owning neighborhood loyalty, that requires the expertise of rewards, what ken brings, payments that he brings and local loyalty that nobody knows better than roger. liz: i've talked to people that use bilt and it taps out -- one guy i know is paying his office rent on it. he's thrilled. it taps out at 100,000 point-blank layupses. >> $100,000 of rent. pay all your rent and earn up to $100,000 extra miles every year on rent. today you get no points on rent. now you can earn up to 100,000. i hope rent doesn't get to the point where people are expecting $100,000 a y

close scott walker is live from the american express pga tour event in look into, california. he will join us shortly with a big interview you will not want to. ms. energy founder and ceo west eaten. 's we begin here at this make-or-break hour with the most important u.s. stock market on track for a new all-time high for a first time in more than two years. s&p 500 set to join the nasdaq and the dow industrial in record territory. largely on the strength of those familiar and dominant tech giants. the average stock continues to lag the mega caps. the biggest news coming as treasury yields have risen notably for the. year tenure up to 4.15, it was under 4% a week ago. this is under the solid retail sales and consumer sentiment data as well as some noncommittal fed speak across the. week which takes us to our top of the take. is the new s&p 500 record a vote of confidence in the soft landing story? or a vote of dissonance given the rallies top heavy leadership and lack of clarity on the interest rate path. let's ask adam parker, founder and ceo of trevor research. also a cnbc co

adam shank taking his second shot on the par 5, 16th at the american express tournament when somehowt the same time. >> in a spectator's cup. it is, it is, yeah, there you go. right here. look at this. right in his drink. >> take the shot, take the shot, take the shot! he probably owe them a round of shots after that. he went on to birdie the hole, by the way, you know. >> i guess it is a, in play in no penalty for that? >> i can not imagine there is a rule for somebody gets it in your cup. >> i would just think, it is free drop where it is. i played golf. >> the name is shank, too. >> in football, i know, it is not a good thing. >> also in golf it is a bad thing. >> yes. you go dead right. >> i was going to ask you is it as bad as it is in volleyball. >> yes. >> not quite as bad in prison of course. >> yes. that is much worse. >> there is a cheery thought. >> we will not have that conversation. >> sleep tight,

i hope that i have back again in about 30 minutes from now american express to you from moscow, the society of to your credit and cons. offensively, you know, it was a fine you. the other rushes serious souls, probably lucian's on the, on the west and ukrainian side illusions about their own strength illusions about strength of the russian opponents. basically the, you know, the take their to rush or, and you crying was a door that just had to be kicked in and the whole structure would come, come sometime in the solutions, have been shocked with the time action or tennessee and welcome back to going underground broadcasting around the world from the middle east. has there ever be no more dangerous time to be alive? aside from the climate emergency, we face was un secretary general, antonio gutierrez' got a word, some new arms race. i mean, it's the failing you, as we're in russia through ukraine, the, by the administration. set costs for spending over $1.00 and a half trillion dollars of us public money on nuclear weapons over $30.00 is to fight russia, divide china. let's go straight to pr

uh, providing that the resist and forces is attacking the american express very near all that is a possibility the other possibilities, but we're still waiting for the official declaration of the contents of the letter after it has been studied by the officials in the promises office. but in general, the mood here in new york is very much an american has 10. and the question now is why the americans are still exercising their freedom and assassinating era. the troops and the rocky gods that i paid and working for the iraq, you government, time for the ministry of defense. i saw the move in general that the americans, how should have i shouldn't have a place here being a rock and they're interested in this region. should be minimized as much as possible. back is what do you think? what do you think about the islamic resistance of iraq vowing to take a might is really not real time. assets is the move on growing? do you think it will make a difference in the face of what is the western coalition that has now sailing to protect the shipping lines and the red sea, or i'm well that's another subjec

the 20-year-old won american express event in california last weekend he could not take him $1.5 million prize because of his ama it did give dunlap pga tour exemption through 2026 where he can haul any prize money he wins moving forward. he makes his first start as a probe next weekend pebble beach, not a bad place to start. >> that is amazing, all the best to him that was an amazing show and he had, really good to >>> the lead with jake tapper starts now.

the 20—year—old held his nerve on the last, holing a six—foot par putt to clinch the american expresstian bezuidenhout, but, dunlap does get a two—year exemption on the circuit as well as entry to the masters, the us pga championship and the players championship. dunlap won't rush to any decision about turning pro. you know, starts in the week, if you said in five days you will have a pga tour card and an opportunity for two years, i would've looked at you sideways. it's something that doesn'tjust sideways. it's something that doesn't just affect me, sideways. it's something that doesn'tjust affect me, it sideways. it's something that doesn't just affect me, it affects sideways. it's something that doesn'tjust affect me, it affects a lot of people and my coaching team—mates right there, it's a composition i need to have with a lot of people before i make that decision. some breaking news and the last two minutes, plenty of spec elation in recent weeks lincoln the former england and saracens kept in owing farrell to a move to france, the french club racing 92, have confirmed they have

the expansion of the regional war in the middle east region, and it seems that so far the americans have expressed their opinions contrary to the meetings held by the authorities. americans and even europeans in the region are not looking for the stability of the region and are more looking for the preservation of the interests and integrity of israel . not accompanying america on this coalition in the red sea. see, as you said to england and america, this operation was in some way an operation to somehow control the yemeni houthis, and in some way it was the result of the failure of the naval coalition against yemen, which was planned by america in the past and even america's allies in building the region have withdrawn from this plan, and even in qaba, in the discussion of the same international coalition against the houthis of yemen , even the news that was published yesterday, italy and many other countries will not enter this coalition and it seems that this plan is also facing failure it will be the same as a few days from the last plan of the past attacks and. currently, the united states a

the 20—year—old kept his nerve to hole a six—foot par putt on the last to clinch the american expresshe $1.5 million prize money because he's not currently a professional. the kansas city chiefs remain on course for a fourth super bowl appearance in five years after winning another nail—biting play—off game against the buffalo bills. the chiefs claimed the win 27—24, making it the third time in four years that kansas city have knocked buffaloout of the play—offs. they go on to face the baltimore ravens next weekend in the afc championship game. meanwhile, the detroit lions booked their place in the nfc championship match for only the second time in their history, holding off the tampa bay buccaneers to win 31—23. they'll face the san francisco 49ers on sunday. don't forget, there's plenty of football happening later this monday. in the premier league, brighton host wolves. we heard earlier about the opening of a hindu temple in ayodhya, built on the ruins of a mosque destroyed by a mob 30 years ago. prime minister narendra modi says it heralds "a new era" for india. but the constructi

>> nick dunlap, amateur golfer, a university of alabama sophomore, wonwo the 2024as not american expressble to accept a $1.5 million prize because he's an amateur. congrats lion to him, but he should gregi do okay. >> where is the money? he didn't even say where's the mone a y to go?n he why do we have that shot when d he didn't make it? >> yeah, i didn't go puttoge that together. i don'th. t blame i don't know. i'm going to blame greg juste be because it's fun. all right, that's it for us. everybody. have a great night. >> we'll see you tomorrow. se: e and welcome to jesse watters. prime time t

how about american express? this was spectacular. much better than expected. much higher. why? in november, they told us that october sales were going to be like. we have plenty of short-sellers in stock. the trick here, you need to know that a hedge fund hears that there is weakness. the stock is going to keep going up. they instinctively want to short that six ways to sunday. many hedge funds know what you might pull. these short-sellers were hung. there were too many people betting against the same stock. with the great guidance, we get the short squeeze of incredible portions. they even repelled them into positive territory. united railroads, you are right. the machine company, tends to be collaborative misses. it is enough to surprise them. sure stock 70 points. it that is not fundamental. short-sellers, admitting that they blew it, having them closeout their positions. when they want to get out, they need to. -- buy, buy, buy. >> you might have sold them up a couple of bucks. two reasons that i rarely advocate trading on the show. i treated professionall

the 20-year-old won american express event in california last weekend he could not take him $1.5 million prize because of his ama it did give dunlap pga tour exemption through 2026 where he can haul any prize money he wins moving forward. he makes his first start as a probe next weekend pebble beach, not a bad place to start. >> that is amazing, all the best to him that was an amazing show and he had, really good to >>> the lead with jake tapper starts now. >>> what donald trump rather see the border crisis fixed or campaign on it? take a guess. the lead starts now >>> bipartisan senate border deal at risk of death with donald trump urging senate republicans to kill it so he can use the board as central campaign issue against joe biden . all the latest from capitol hill coming up to >>> cnn on the ground in the streets of ecuador where gang violence plagues the country. this month gunman took over a tv station, see what our crew captured as police try to crackdown >>> damaging auto leak, what israeli prime minister benjamin netanyahu said on a hot mic that could ruin negotiations to free

. >> nick dunlap won the american express tournament on sunday in california, but there is bad news.r, he can't accept the cash prize of $1.5 million. ouch. that money will go to the runner up instead. but there is good news as well. the tour says that this victory allows dunlap to turn pro at anytime. he can join the 2024 pga tour with automatic membership. >>> and canada's largest ice skating rink reopened. a lack of ice had forced them to close last year for the first time ever. sunday skaters made their way up and down the nearly five miles of the canal. it opened more than 35050 years ago. thanks for joining us here. i felt like we're all tired of max foster, so i got rid of him and i'll be taking up the show. no, just kidding. you'll see him next hour. and we'll both see you tomorrow. "early start" is up next.

and we get december pending home sales at 10:00 a.m we get earnings from american express and colgate. we get the first batch of alaska air 737 max 9 planes more planes will be added every day pending completed inspections. the s&p and nasdaq are coming off fresh record highs yesterday. the futures are firmly in the red right now. the dow would open up 50 points lower. joining me now is kari firestone from aureus. kari, good morning >> nice to see you, frank. >> we mentioned a lot going on we have more earnings today. record closes and record pce what is your wex record of the day? >> the word of the day is anticipation that's the word that implies that investors having given the weak earnings a pass because they are waiting for the reports of earnings from microsoft and amazon and meta and apple. all of the big names are coming up in the enginext week or so. that is what the market is focused on believing they will be very good they are expected to be very good fourth quarter earnings for magnificent seven, even tesla, is up 86% for the estimate. the rest of the s&p is minus 7.5% thi

without risk to investors as well as those companies with exposure to argentina which includes american express williams and more all warning of the material impacts of the argentinean crisis. joining me now is the head of em strategy at global x. malcolm, good morning. >> thank you for having me. >> we touched on the rise with argentina and equities. we're seeing a lot of upside here, but there is risk. the new president has put shock he measures in place. he says he is a macro capitalist. that is a term you don't hear from global leaders. give us a sense for risk and reward for argentina. how do you see both? >> sure. we are seeing an opportunity for change in argentina. after a very long time of pretty much irresponsible leadership, we are seeing prospects for change. that is what is attracting investors back into the market. we have to remember that he has only been in power since the end of year. argentina defaulted on its debt five times since 1950. we ended 2023 with negative dpgdp growth and fiscal deficit close to 5%. the country was in desperate need for change. he came in and promise

macro environment becomes more challenging, and if it does become more kchallenging, then, yes, american expressld struggle in that environment. it has been strong in the last 90 days, and it's one of the reasons that one of the factors kept us in the stock since the initial purpose in july. >> under appreciated double winners, and that's why isi today, and the rating remains in line, neutral. you own it? >> feels like there have been upgrades for citi recently, and the stock has responded, and there's a day of reckoning when earnings come out this week, and upgrades were being piled on and then they disappointed, but i don't think that's the case, and i think the expense and cost cutting is working, and one thing to keep in mind for friday, all of these concerns about consumer delinquencies, they will come home for citi group. let's see what happens in that business as they report on friday. >> don't you think that will be a buying opportunity, though, if the stock gets hit and they do miss, and they can refocus on the structure if it takes a few years to -- >> i own the shares and like the sha

adam schenk, one of the most amazing holes in one you will ever see at the american expression out ingain. >> down and into the -- >> did he try to catch it in the drink? >> by the way, when you hit a ball into the drink, that's not usually what they're talking about. >> that's more impressive than a hole in one. >> moving target you can, of course, catch complete coverage at the american express throughout the weekend on the golf channel and on peacock. >> we will start this half hour with quite the unexpected twist in the scott peterson case. >> he's serving a life sentence without parole their mission is to exonerate, the innocence project. >> good morning. yes, scott peterson has always maintained his innocence, arguing he received an unfair trial. now in court filings, attorneys for the l.a. innocence project say peterson's constitutional rights were violated and they are seeking new evidence to overturn his conviction. >> the los angeles innocence project taking up the case of convicted killer scott peterson. he's currently serving a life r >> the los a sentence without parole f

there are a lot of companies like schwab, american express, that are interested in the year ahead.esting earnings season that rolls out. we appreciate you, nicole, and thank you very much. yesterday was a historic day in terms of markets -- for etf's. we are seeing a bit of a dip, but how long will that last? we are breaking it down on etf friday. this is bloomberg. ♪ >> you are looking at live pictures of the principal room. coming up, live, mike sent to mis-c no joins us at 2:00 p.m. -- mike santomissino joins us at 2:00 p.m. new york time. >> we need to include you those, philosophy and spirituality of what investors can provide from everything we do at blackrock. we are halfway there in the etf revolution. everything will be etf'ed, and we need to ensure active products, passive products, and digital products will be used through the vehicles of etf's. alix: larry fink speaking earlier with bloomberg's david westin. that takes us beautifully to etf friday. we have trades on one day with trades topping on $.4 billion. emily, do we have some of the details as far as how today wen