the other one anheuser-busch is a different story, but another one well off its prepandemic highs, great brand, don't have to worry about it in a recession, because frankly alcohol consumption does not fall during recession. people trade down a bit. so it would hurt their earnings somewhat, but not worried about it if you don't get a recession, you probably continue to have people buy premium beers, and that helps them pay dune their debt quicker which allows them to more quickly return cash flow to shareholders. >> final comment, what are your thoughts on kind of the bank earnings we see wells go from minus 5 to plus 2 and the market whiplash tells me people arec confused what is your takeaway here >> i think my takeaway was the actual earnings themselves for the quarter were quite good. core banking earnings continue to be very good. in a lot of cases growing loans, also the loans -- the net interest margin was good i think a lot of that, that was good i thought, frankly, this morning when they were all down, really a response to all those comments you put on the screen, which is, hey,

. >>> shares of anheuser busch dropping earlier today ub f downgrading to sell, pour it away.target a few dollars. ubs citing weakness in china and overall lack of positive catalysts. ubs expects consumers would trade down to the value segment busch beer, which could offset weakness else where and heard younger people drinking spirits and wine, not beer. >>> always a next big thing. this is big earnings under the microscope, next. >> announcer: catch the market zone today and every day on "closing bell." you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. >>> earnings out in the morning and dom chu putting it under the microscope. >> reporting we've seen over the last weeks focused a lot on job cuts seeing on wall stree

changing subjects, anheuser-busch, they make a beer.n: three brokerages have downgraded today, ubs says beer is going to struggle because we are not drinking as much expensive spirits, they don't see customers trading down which i don't quite get but that is a sign of the times, we are drinking less. >> which is funny because typically spirits is considered recessionary proof. we are out of work, sales go up and you look to these companies, these big companies, we have seen the consumer balance sheet is very strict, trading in for lower prices -- stuart: i'm in the wine business through my son in australia, young folks drinking wine as much as they used to. he said we lost a generation, a change of fashion. that is from my son's perspective. moving on, a poor earnings report. lauren: the call is important. a ceo said orders were down 72% at the start of the new quarter. 72%. in the past 5 weeks. past 5 weeks since the start. stuart: tell me about twitter. they are looking for new ways to bring in more money. lauren: selling usernames, t

we got a buzzkill for anheuser-busch inbev, ubs downgrading to a sell from a neutral.citing consumers' continued shift away from beer towards spirits as well as worldwide weakness in beer sales. we've got shares down for bud about 2.25%. >>> the maker of keyboarders, mice, web cams plummeting about 17% at this hour, on pace for the largest decrease since november of 2020. the consumer electronics company reporting lower sales and earnings for its latest quarter. its ceo attributing the results to a difficult economic backdrop and supply chain uncertainties linked to china's covid outbreak which should, since china's starting to are rope, be working its way through -- reopen. morgan stanley's upgrading cleveland cliffs from equal weight to overweight and raising its price target from 13.60 to -- 26. it stands at $20.82, that's a gain of 8.25% right now. that price target of 26 the implies a more than 30% gain from current levels. cleveland cliffs recently able to to lock in higher annual fixed prices for steel which morgan thinks will allow the company to generate, quot

well, anheuser-busch might not be the sole alcohol brand to advertise during the big game this year, but they're still going to have a big presence. the beer giant says it's going to have 3 minutes of air time during the game. now the ads we'll highlight its largest friends but lied michelob ultra and bush light. now they've decided against renewing their exclusivity deal last year with the nfl. so we're going to see what they're going to do going forward. we'll be right back after the break. 5.45 for your money? brace for a higher gas bill. does january utility companies say that they have to pass on the increased cost of getting natural gas to us. kron four's justine waldman has a closer look. your next natural gas bill might make you sweat. >> the cost for natural gas is exploding in january. some of the reasons cold temperatures leading to higher demand, not enough storage on the west coast, lower supplies and a pipeline problem. there is some sort of pipeline disruption. >> between here and the rest of the country. and that's what allows this huge price differential. >> severin

. >> reporter: for the first time in more than 30 years, anheuser-busch will no longer be the exclusive >> reporter: m&ms is replacing their spokescandies with maya rudolph for their super bowl ads. >> i love m&ms and you and i love me. >> reporter: the comedian stepping in following the far right media backlash last year after the company swapped their female m&ms high heels with more sensible shoes downey unstoppables keeping their star a secret. >> it's pretty obvious who you are. >> you don't know me. >> reporter: while fanduel is betting big on a familiar face, four-time super bowl champ rob gronkowski. >> what the heck is kick of destiny? >> reporter: the retired tightds end will attempt to kick a field goal live during the ad. >> wait, i don't kick. i catch. >> reporter: brands emptying the playbook to keep viewers in their seats and hoping to score big. >> mark my words watch gronk make that field goal. >> oh, yeah. >> watch it. preview the super bowl ads. you had to tune in and watch them. what changed? >> it's all about >> okay. >> here is the thing i am old enough to remember

if you want to be bullish, anheuser-busch is still out performing the stock.lieve that all together, these could spur demand deliveries by 15% globally and 2023, and it shows that tesla will be on demand to spur demand in a back trough. the u.s. is -- who else is going to join them. >> good morning to you on tv and radio. the estimation still rock above $100 for tesla. 30 pe, multiple. ford, gm, seven and five. >> where does it fall? does it gravitate? >> where the surveillance corporate >> is not going to speak. i'm not going there. you are busting my chops, but all i can say is the stock is well behaved, in the southern direction. >> were down 5% this morning. we'll keep you up to speed. >> are washington correspondent amory always takes goobers and lifts in washington. she joins us this morning. if you were to huber, anne-marie, through be a huge story reported in the oddities of january after a midterm election. that is virginia. if you go south to virginia beach, it is one of the great purple areas of america. the governor of virginia, i believe, had a mo