come up later this hour, the barclay c.e.o. joining us. imagine we'll hit a little bit of all of those topics. 6:20 a.m., the c.e.o. of l.m.e. stick with us. this is bloomberg. ♪ kriti: welcome back to bloomberg daybreak. i'm kriti gupta in london. we have been following the conversation from the world economic forum in davos. monetary policy from the leaders around the world buts there a big piece we're talking about in the u.k. how much investment is going to be attracted to this part of world at a time when every economy is vying for a lot of corporate investment that we're seeing from around the world. i want to start off with that question with a special gulf of mexico c.e.o. from adventure. i want to start on the conversation about investment in the u.k. we know later today you are on a panel with the chancellor jeremy hunt in particular. talk to us about how you view investment in the u.k. >> the u.k. is an absolute critical market for us. we're soon going to be opening our first a.i. innovation hubs around the world we'll open 10.

it is off to a rough start to the year after barclays cut its rating. we had a stock down more than 3.5% hitting its lowest level since late last year. since september. worst day it has been having. we'll talk more about that after a tremendous really last year. this is bloomberg. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous, i'm excited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. jon: this is bloomberg markets. time now for our stock of the hour segment tiered apple shares over today after barclays cut its rating on the company to the equivalent of a cell. barclays is concerned about life on demand while suggesting this year's iphone 16 may not have enough new bells and whistles to further boost the stock, which had a really big year last year, advancing 50%. mark gurman covers apple and joins us with more context. this is an analyst view but you are constant

let's revisit the quote from barclays.ek results coupled with expansion is not sustainable. sarah: the theme for 2023 was all about the fed and what will happen. as the cycle peaked he would be -- as the cycle peaked you would be ok. if they come down a couple hundred basis points as the multiple expansion too much? that will be the tension and a lot of them. apple, which we were talking about, you have to look at the consistency and cash flow. that is what people are paying for, that and exclusivity. jonathan: the whole market or a select group that dominates the market? sarah: more select group. valuations, we keep saying, this is valuations year, it will matter this year. i don't know when it will matter, but at some point it will. having cost makes valuations matter in a way were 15 years people talked about it and it didn't matter, maybe that happens now and people start looking at those metrics. you have a lot of money on the table and a lot of money that needs to be invested. tom: you can go to the bloomberg termina

now, the palestine solidarity campaign says that because barclays , they allege, because barclays, theyunding weapons companies that arm israel, they are directly contributing to the killing of palestinians in the gaza and israel war of course, more than 25,000 people have been killed in that war. on the palestinian side , according to palestinian side, according to the hamas run health minister. and that war has been directly triggered by the attack . on the triggered by the attack. on the october the 7th in israel. those surprise attacks in israel made by hamas that is designated a terrorist organisation by the un. now, speaking of the un, the icj, that's the international court of justice, the un's court recently ruled that israel must do all it can to prevent genocidal acts in their war. but they did stop short of calling for a direct ceasefire . for a direct ceasefire. >> okay, gb news, we have commented . oh, i apologise. commented. oh, i apologise. well, i'm so sorry. it's worse. i thought you were wrapping up . i thought you were wrapping up. >> i'm just. no, it is completely bu

barclays downgrading, slightly lower per share. they said we are looking at the volumes and makes for the iphone 15 and we are not convinced. if we get an iphone 16, we do not see the technological upgrades in that generation to move the stock higher. apple had multiple courtesan 2023 were expectations were missed but the stock continued to run up. that is an interesting equation going into it and it is the biggest point to drag as it stands on the nasdaq 100 and s&p 500 this tuesday morning. caroline: when it is shy of 81 point $2 trillion market cap, it does have a huge impact on the overall s&p. let us talk about all of this with the portfolio manager at the hartman group. it is so good to kick off 2024 with you. talk about the impact of the magnificent seven, the apple impact, and on the day, of course people starting to think they can really continue to outperform? that seems to be questioned. >> happy new year to you. yes. with apple it is probably our least favorite. the magnificent seven. text overall was up 56% as a sector

barclays also expects slower growth at apple's services unit. so that really weighed on apple's stock yesterday. it weighed on the nasdaq. this morning you can see it's having an impact with european chipmakers as well -- not chipmakers but chip designers. they've been in the news recently, vis-a-vis the export restrictions to china. and then asmi also down about 2% as well. what you're seeing with the apple downgrade come through from barclays, it is a loved stock. the fact that this downgrade has come through is having a lot of ramifications for anyone in the supply chain and chipmakers as well. >>> switching back to macro, the u.s. is hovering after kicking off the year with its best daily performance since march. now traders have started to pare back. we'll hear from president tom barkin. i'm happy to say our guest is joining me. wonderful to have you with me. i'm going to start with something very data-specific. today we'll be getting the minutes of the fed meeting back in december. that was a real catalyst for markets. you know, it was aft

this morning barclays raises it. what you want to do -- well, let's use one very interesting, morgan stanley, here we go, new ceo. i think that's interesting. mike mayo at wells fargo goes fur tler saying city could be the one you want to own. >> whoa. >> citi. >> he's thinking -- i don't want to say double. >> it has a nice little move. the expectation rates -- >> yeah. so is this the right time? yes, it's the right time. i've seen some positive stuff about huntington bank. i had them on from ohio. i think you can say that goldman sachs has ban big winner. jpmorgan is good. if you're looking for something with low multiples that has been heartbreaking for people, heartbreaking, maybe look at this. >> if you want heartbreak, try to look at a 20 or 25-year citi. >> remember when i did the interview with the prince. he said i will never sell. never, ever, ever. never. >> okay. gees. >> what do you mean never? he said never. >> there you go. that's what happens if you never sell. >> sometimes you've got to sell. opening

some protesters blocked off at barclays bank branches in london over its a legend funding of israel's assault on guns at through defense company funding. they're demanding a boy called all of the financial institution and i've called for a truce to end the contract. the protesters held up, posted in flags and banners, calling for an end to quote, barclays beloved money. dozens of demonstrators reportedly entered one of the funds branches and the british capital at shutting demands for ties with israel's, for the cups. barclays of responded by saying it is committed to respecting human rights, local activists feel. russell sent us this from the heart of the hotel . 7 this is wanda. 7 long across containers in each room on company. 7 continues, which are being used in the module in john's of this process comes just one day off to the interim judgment of the international court of justice, which is a historic result of this. the 1st time that one of the golden circle of 17 o 20 western countries and there are lice throughout the world. and of course is rarely as one of the nation. so the

. >>> and barclay is downgrading apple to sell. we'll tell you why. let's start with the market action with dom chu. >> happy new year, kelly. decidedly more negative in some parts of the market. but the real downside are the leaders from 2023. specifically the nasdaq composite, which was the outperformer. the composite index at 14,770, down 240 points, 1.6% to the downside there. so tech, com services the laggards. the s&p 500, down about 25 points, one half of 1%. those technology stocks weigh there, as well. it's generally a little bit less severe here for the s&p 500. by the way, we're right in the middle of the trading rake so far today. the dow up about one quarter of 1%. 37,755. the key mover in the s&p 500 today has been one of the biggest underperformers over the course of the past year. we're talking about biotechnology firm moderna, known for their covid vaccines. up 14% today, making it by factor of almost three the best performing stock in the s&p 500 after analysts put another price target upgrade, saying covid vaccine sales are showing

the nasdaq solidly in the red due to the downgrade by barclays of apple.t's going to do it for us on "worldwide exchange." we have "squawk box" coming up next. thank you for watching. ♪ ♪ ♪ ♪ ♪ ♪ >>> good morning. welcome to a new year of trading. we will recap the big moves of 2023 and bring you ideas for the first quarter. >>> breaking news in japan. a japan airlines plane burned on the runway after it reportedly struck a coast guard plane as it landed. the airline says all crew and passengers were evacuated. >>> and byd turned in a 62% jump in deliveries. >>> it is tuesday, january 2nd, 2024. first trading day of the year and "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. we're live from the nasdaq stock market in times square. i'm becky quick along with mike santoli and robert frank. happy new year. we made it. on this first trading day, nothing too spectacular to report with the u.s. equities. dow futures are indicated up 4.5. s&p futures down 2. the nasdaq off 45. if you look at the major averages2023, it was a

but i think the barclays note pointed at something that a lot of people are worried about.hat's iphone sales growth is going to slow down. for apple, they're the iphone company. everything is all in on the iphone. if you see slowness there, you have to ask do they have enough to make up for it. if you don't have the iphone, what are you doing? i think that's the real question to the company right now. >> so are you worried about a slowdown in growth for the iphone just because of it plateauing? so many people have iphones. or is china one of the reasons that you're concerned? >> i would say the biggest issue here is the upgrade cycle. people have the iphone 15 that looks like the 14. it will probably look like the 16. so you're getting to the point where people are upgrading much more slowly. and when you're in that situation, you can't afford to have any other potential issues along the way. you don't want to have china as a potential risk factor, and unfortunately for apple, it's the perfect storm where you have the china issue and the upgrade story start to come to fruit

it dragged on the nasdaq plunging to a seven-week low after barclays downgraded apple to underweightred the price target from 161 to 160 the stock losing over a billion dollars in market value, the worry according to barclays iphone sales, joining me chief market strategist troy guy ascii, your thoughts on markets and a hit to the nasdaq yesterday. >> happy new year good to see you again. coming into this year we had a monstrous rally in november and december in the market priced for perfection. when that is the case and there's so much oldish sentiment and elevated multiples are valuation everything to go right to drive gains and we saw apple in particular a little disappointment of future iphone sales but more importantly you have elevated pricing and fixed income and bond yields got extremely low and evaluation equity got extremely high. unless everything goes perfectly right were in line for a choppy mess this year not nearly as bad as 2023. cheryl: a sloppy choppy mess. come on. i have to bring in one of my bold friends, ryan payne is onset you have to help me out. >> as long as

stuart: barclays has been making big calls, the guys who knocked out apple earlier this year.e screen, lamb western holdings, who are they and why are they up. >> frozen food like frozen potatoes, one of their customers is mcdonald's, and raise their annual profit forecasts today because they feel they can charge higher prices so that's good news for the stock. stuart: thanks very much indeed. now take a look at this. a group of migrants were seen trying to cross the border into eagle pass, texas in front of 60 congress people who were there to witness the crisis firsthand. bill melugin has the latest. >> reporter: we learned the biden doj is suing the state of texas over sb 4, brand-new border security bill which would allow texas law enforcement to arrest, jail and deport anyone crossing illegally. the feds are saying it is unconstitutional and it has to be, part of their lawsuit reads texas cannot run its own immigration system. its efforts in truth on the federal government's ability to regulate the entry and removal of noncitizens, frustrate immigration operations and pro

barclays lowering to under weight, saying it's time for a breather with apple. microsoft close to surpassing apple's market cap. interesting given the magnificent seven dominance last year. it begs the question, what names and themes will matter this year. let's start with mike santoli. what do you say, mike, themes and names that will dominate the year? >> well, tyler n terms of themes you have to acknowledge, given the progress made into the equity indexes the market's pleasure threshold is higher. it will take more good news as opposed to the absence of scary bad news to keep things moving in a positive direction for stocks. but i do still think we're in a moment where good news for the economy can be good news for the market. i think the october cpi report back in november really was encouraging along this front. gave leeway to the fed to say good economic news is not something that they're going to have to fight outright as long as inflation moves in the right direction. to that point, i don't really believe the stock market, just because we're at 4750 on t

the test as held up follows tv and slides them bad as pulling for an end to the quote. barclays, lot of money reports say the dozens of demonstrators ended one of the bands that entered one of the bang strategies in london shouting demands to stop financing. use local activist your russell sent us this report from the verified with the. 7 loan of course containers on the company. 7 continues which are being used in the civilians in john. so this process comes to the into and judgment of the international court of justice, which is a historic result. the 1st time that one of the golden circle of 17 or 20 western countries. and there are lies throughout the world, and of course is rarely a nation. so the nato countries primarily in the middle east, the 1st time that one of them has to be not to be labeled as committing genocide. i expect to be a farm as in front of digging in when he comes to the dispute with the government. the protest continuing to grow with getting even more roads and major highways being blocked by attractive . and that's even after the country is prime minister ha

k. hundreds of protesters blocked off barclays bank branches and london over it's a legit funding for is really mid the warren cash. so they're demanding a boy scouts of the financial institution of coal for troops to in the com. the protesters held up post to me in flags in bonner's calling for an end to quote, barclays blood money. dozens of demonstrators reportedly entered in one of the bikes, branches and the british capital, at shorting for at ties with israel, should be taught to look like this. the russell sent us this from the hearts. 7 containers in each room on comfortable. 7 continues these royal, which are being used in the modules in gauze of these proteins comes just one day off to the interim judgment of the international court of justice, which is a historic result is the 1st time that one of the golden circle of 17 o 20 western countries and there are lies throughout the world. and of course is rarely as one of the nations of the nato countries. primary ally in the middle east. uh the 1st time that one of them has to be not to be labeled as committing genocide effecti

busy looking for an end to the quote, barclays lot money reports say the dozens of demonstrators entered one of the banks, branches in london shouting, demands to stop financing the usual a local activist as steel. russell sent us this report from the very heart of the body. in the central leasing. 7 containers in each room on the company. 7 will continue which are being used in the in dos of this process comes to the interim judgment of the international court of justice, which is a historic result of this. the 1st time that one of the golden circle of 17 o 20 western countries and their allies throughout the world. and of course, is rarely as one of the nation. so the nato countries, primarily in the release of the 1st time that one of them has to be not to be labeled as committing genocide and effectively now pharma is in front of his head digging in when he comes to the dispute with the gap. and that protests coming, continuing to grow with yet even more roads and major highways been blocked by tractors. and that's even after the countries prime minister has made concessions to appea

to defend itself, but hundreds of protest as have boats of barclays bank branches in london over a legit funding for israel. i meant the war on gaza. they demanded a boy scouts of the financial institution and called for a truce to end the conflict. the protest as held up, let us send you flags and bonus, calling for an end to the quotes. barclays blood money, a box is representative said it does respect human rights and carries outs, enhanced due diligence and the defense that people say that dozens of demonstrates as ends as one of the banks punches in london insulting demands to stop financing israel. so collectivist feel russell centers this report. 7 this is one. 7 6 across containers in each room on company continues which are being used in the module to get in in dos of this process comes just one day off to the interim judgment of the international court of justice, which is a historic without the 1st time that one of the golden circle of 17 o 20 western countries. and there are lies throughout the world. and of course, is rarely is one of the nations of the nato countries, prima

barclays downgraded shares of apple to underweight.the price target from 1611 to 160 -- 1611 to 160. they lost over a billion in market value because of that downgrade. let's bring in chief investment officer christopher zook. your thoughts about kind of this mark against apple. barclays specifically saying it was about the iphone 15 sales, that they're sluggish, and certainly that leads to what happens with the iphone 16 sales later this year. >> well, good morning and happy new year. it's always great to be with you. what's interesting about where were today is you have got a market that is effectively priced to perfection, and apple is just an example of that where it has gallon up dramatically -- gone up dramatically, and the question is can it maintain that kind of growth, that kind of acceleration? and the answer is that all things come back to reality, and gravity will affect most of the names. barclays got ahead of that, the valuation is rich are. the process prospects are growte slowing, that causes something to take a pause.

the hundreds of protest as have blocked off barclays bank branches of london over allegedly funding for usual i made the war on gas demanded. the boy caught up the financial institution and called for a truce to end of a conflict. the progressive held on policy and flags them that as calling for an end to the ed, quote, barclays blog, money reports say the dozens of demonstrators entered, one of the banks, jackets and london shouting demands to stop financing. use all local activists via the fuel. russell sent us this report from the various honda variety hotels in the center. this is one. 7 6 containers in each room on the company. 7 continues, which are being used in the beginning of this process comes to the interim judgment of the international court of justice, which is a historic result of this. the 1st time that one of the golden circle of 17 or 20 western countries and their allies throughout the world. and of course, is rarely a nation. so the nato countries primary allies in the middle east. the 1st time that one of them has to be not to be labeled as committing genocide and e

k, where hundreds of protesters blocked off barclays bank branches in london over to legend funding of israel's assault on gas that through shares held in israel's defense companies. now they are demanding a boy called of the financial institution of called for a truce to in the conference. the protesters held up police to me in flags, fathers calling for an end to po box, please let me. dozens of demonstrators reportedly entered one of the bikes. the ladies in the british capital shopping at the mountains for ties with israel to be taught. barclays has responded by saying it's committed to respecting human rights, local activists feel. russell sentenced this from the heart of the the this is one. 7 6 containers in each room on. 7 continued rail, which are being used in the module in john's of this process comes just one day off to the interim judgment of the international court of justice, which is a historic without the 1st time that one of the golden circle of 17 or 20 western countries and there are lice throughout the world, and of course is rarely is one of the nation. so the nat

barclays downgrading the stock, saying it's time to take a breather. is it a profit-taking move or a beginning of a meaningful mag seven rotation? >>> plus, bitcoin starting '24 the way it ended '23, booming. but will the rally stall out once the etf gets the thumb's up? and what happens to all the stocks that soared along with crypto? >>> and later, inside the n numbers of a pharma stock that is so bad, even dan -- even dan thinks it could be good right now. the big reveal, the reasons why coming up. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight, tim seymour, dan nathan, guy adami, and mike khouw. we start off with a season that might confirm last year's megacap tech rally is truly in the past, shares of apple sinking 3.5% for its worst performance since last september. the stock closing at its lowest point since mid-november. barclays caught it to an underweight, citing concerns for demand for the latest iphone. it wasn't just apple under pressure today. check out the moves of the other big names. netflix, nvidi

it's not just the barclays downgrade. yes, that contributed to it, but it's tax-related, and i think investors can take advantage of that. they took advantage of it last year by riding those gain withs into the end of the year, and if they weren't worried about taxes, they might have took some of those profits. and you took advantage of pfizer and moderna because they were down -- pfizer lost $148 billion in market cap last year alone. liz: that's why i thought it was really important to show pfizer and moderna today because suddenly topping the s&p and the nasdaq for moderna and pfizer looking very strong. i just felt like we've got to point that out, even at the top of the show. you can see the 1-year picture from pfizer. pete, will fortune favor the bold in 2024, and what does being bold look like from where with you stand? >> being bold would be to look at some of these numbers,, you know, was just talking about the magnificent seven and the pain they're seeing today. i don't think that will last all that long, but i

reach out to madonna live nation and barclays but haven't heard back.one plaintiff in the lawsuit jonathan haden and his attorney richard class. thanks for being here. when i first saw the headline i had to delve in deeper and understand what the nature of the suit was about and the why and begin with you jonathan because according to your lawsuit one concert night madonna didn't take the stage until i think 11 p.m. and advertised start was 8:30 p.m. two hours late i get you annoying but why you think this rises to the level of a lawsuit. >> well, because it's consistent behavior. i attend a lot of concerts. i greatly enjoy live performance and of course anyone can be executioned for quote-unquote unforeseen circumstances. but her delays are not related to unforeseen circumstances. she plans on going on that late. it's been every night on the tour. >> how do you know that? >> while it's frivolous for one person to be slightly inconvenienced there were 20,000 people in the audience that night alone and she's doing six concerts overall in new york. that's

but barclay wants this.om me and put it through the house of commons, he will have my 100% support because i'd much rather we dealt with this problem today than wait until a general election . you know, feargal election. you know, feargal sharkey has done an amazing job highlighting this problem, but the we wait, the worse it the longer we wait, the worse it gets can't clean up our gets and we can't clean up our water until we first clean up the water industry. and i'd love to see barclay take to see steve barclay take labour's and put labour's policy and put it through of commons, through the house of commons, and cross—party and you'll get cross—party support for that, i hope, and this not going go away, steve. >> i mean, you look at the, the storm isha at the moment and the devastation that that's causing any increased flooding anywhere puts the whole waterway system under terrible, terrible pressure. pressure for which it simply can't cope with. >> well, that's absolutely right . you know, we've had seve

we reached out to madonna, livenation and barclays for comment but have not heard back. one of the plaintiffs in the lawsuit, jonathan hadden with his attorney richard class. thank you both for being here. when i first saw this headline, i had to delve deeper and understand what the nature of the suit was about and the why. we'll begin with you, jonathan. according to your lawsuit, one of those concert nights madonna did not take the stage until i think it was 11 p.m. and the advertised start time was 8:30 p.m. two hours late, i get you, annoying, my goodness, but tell me why this rises to the level you think of a lawsuit. >> well, because it's consistent behavior. i attend a lot of concerts. i greatly enjoy live performance and, of course, anyone can be excused for "unforeseen circumstances," but her delays are not related to unforeseen circumstances. she plans on going on that late. it's been every night on the tour and -- >> how do you know that? >> for one person to be slightly inconvenienced, there were 20,000 people in the audience that night alone and she's doing

by force. farming yet doesn't deliver but i mean, it has been unwilling to open the connection on barclays terms. it's worrying that it might lose control over this narrow strip of land. whether the months it plays, there will be no customer control, border control and customer control. default for me to explain it real close though, there is a no passport for the customer to control. all we can speak about in september 2020 free diesel res became even greater after as early john broke the ceasefire and swiftly to control over the whole of not going to colorado. as a result of some 100000 people selected, he was out of the region to armenia. year yvonne has given up to retail. y'all claims over not going to come of us, but other sticking points we made. first of all, there was no agreement about the delineation of the come on board there. secondly, both countries claim to refugees right to return. and finally, what about the connection to the future of farming? it also has an interest in opening up. it's a non blocked country and ever since the 1st car before armenia as borders with us, ev

barclays has doubled downgraded that stock.oday's move has them hitting the lowest level since early 2001. >> thank you for that. >>> still ahead, shares of a bio stick company tumble following dismal lung cancer tryouts. we have more in today's three >> lunch. las vegas grand prix choose t-mobile for business for 5g solutions. because t-mobile is helping power operations and experiences for hundreds of thousands of fans with reliable 5g connectivity. now's the time to accelerate your business. (♪♪) [coffee pouring] (♪♪) [van engine] [card reader chimes] (♪♪) [garage door opening] (♪♪) [inaudible chatter] [card reader chimes] (♪♪) (♪♪) >>> time for today's three-stock lunch where we look at the big movers of the day. and with our trades is short ball, sanders morris and harris. a first, a firm holding, the stock is up a lot today, about 4%, after being down more than 10% in the past month. george, welcome. what is your trade on a firm? >> a firm can best be described as almost a cold stop not quite. it has some of the [inaudibl

when you partner with barclays, every change leads to a bold possibility. you have the vision. the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> welcome back to "worldwide exch exchange." time for the big money movers. jb hunt missing on eps which fell 23%. jb hunt saying it is due to higher insurance and labor and equipment costs. shares up 4% right now. >>> ppg industries under pressure. the paint giant says it expects the u.s. economy to reman subdued in the first half of the year. the company adding overall grow global production is at the lowest levels. shares down .50%. >>> and super micro shares are up. smc offering the comments on the a.i. chips which account for half of revenue. shares right now up over 12%. >>> artificial intelligence dominating conversations at davos this week from the growth opportunities to the risk of misinformation. >>> amazon is betting big on japan in 2027 for a.i. services. another company with the hat in the race is elastic. shares doubling over th

i have the downgrade in my hand from barclays.king about sellthrough of iphone in november. >> that is the big one, scott wapner. this is what we have been talking about with apple, this demand environment is uncertain, and the sellthrough, it is also which they are selling, that mix of the regular phones or those mower expensive professional phones? more people, the data is showing , or going for the lower end phones. we are seeing a return to the double-digit growth that had been an optimistic story for apple. but barclays is saying, to celebrate again, as we get this doj settlement on the antitrust case. that is also settled around limits that google makes to apple and others to be the default search engine. others coming out in europe, the people in europe will have more options for payment and things like that. that all hurts the margin but i will also say, scott, back to the iphone. there was a new report today on 2023 premium phone market. those are the phones that cost $600 or more, apple is in there. they lost a few point

this after barclays bank downgraded their rating on apple shares, because it belives demand for new iphoneseck on the price of a barrel of oil books of the red sea crisis, down again, currently at $76 a barrel. i'll be back in a couple of hours' time. goodbye. bbc news, bringing you different stories from across the uk. jess was 13 when she decided she wanted her own flock of sheep. she started out with three. when i saw my original three at the sale, i just knew that i wanted them. now aged 15 she has a flock of 1a and counting, and the schoolgirl from lancaster's financing the whole venture herself. girls of your age would normally be spending it on, i don't know, make up or going out or doing something else. yeah, well, this isjust something i've wanted for a long time, and i thought about, like, what breeds and everything. as you can see, my sheep are quite, like, loving, and they'rejust really cute, really. but she knows looking after sheep is not always about being cute and cuddly. she recently worked single—handedly to keep one of her lambs alive when its mother abandoned it. she too

yesterday it took its biggest hit since september all on a barclays downgrade. a really important story because at its core, it's talking about this consumer ability to not just a for the bare necessities but afford luxury items like iphones. this is where i think a quote is really relevant. they are saying they expect a reversion after a year where most quarters were missed and the stock outperformed. they are saying their channel checks remained negative on volumes for iphone 15 with no futures or compelling upgrades likely to make the iphone 16 a better bid. barclays coming out and saying that basically apple's kind of marginal gain you are starting to see is not that exciting so actually cut to underweight for the first time since 2019. i believe they are the sole bear to do so on wall street at the moment. you see another positive story from big tech into the biggest bank in the world, j.p. morgan climbed to a record high. this is such an important story when we talk about what we are actually seeing in terms of the translation from the net interest income

coming up on "worldwide exchange," the chip stock flirting with a fresh record high after a big barclays boost yesterday. if you haven't already, follow our podcast. if you missed "worldwide exchange," check out spotify or other podcast apps much more w.e.x. after this. how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. >>> it is right around 5:30 a&m in the new york city area. there's a lot more on "worldwide exchange." here's what's on deck. the stock is snapping a six-day win streak the bulls may be stepping off to the sidelines. >> top of mind for the investors, the fed and its rate cut prospects. today more water being thrown on homes. roger ferguson, he's here stamtding by to break down the disconnect between the markets and the fed. >>> also warren buffett's berkshire hathaway making it official, taking full control of the travel operators you're watching "worldwide exchange" right here on cnbc. >>> welcome bac

barclays corporate and investment bank powering possible. ♪ >>> all right.elcome back a guaranteed bull market that is what josh brown is calling one particular sector. all right, josh, give us the reveal >> i think cyber security is guaranteed to grow much larger overall than it is right now i'm looking at the whole list of forecasts from all of the research firms from gardner to mckenzie, and obviously the study is probably the most outrageous they're talking about $150 billion industry growing to $1.5 trillion to $2 trillion, a 10x from what we're spending globally annually on cyber and it's important to point out there are a lot of different areas within cyber, but, like one of the more relevant pieces worth talking about, identity and access management. last week there was a government agency hacked on the eve of bitcoin etf approval, that's simply companies making sure that the people who are accessing different systems are the right people that's a huge business in and of itself, $50 billion to $100 billion. talking about all of cyber security and we'

barclays corporate and investment bank powering possible. >>> welcome back to power lunch.o rick in chicago for a look at how bonds are trading ahead of tomorrow's inflation data. >>> indeed, it has been pretty wild in the treasury complex, maybe across all sovereign trading across the globe. let's start with our 10 year auction today, there is a church around 1:00 easton, you see volatility but you continue to move higher even though he was an average, not much of a below average auction but if you look at a today, you get more clues. for a good chunk of the early train we are under yesterday's lows across the entire treasury curve but that reversed and all yields are actually higher on the day, maybe the biggest story is how hot, hot, hot on the european debt is right now. and how all the patterns of tenure are very very similar. let's look at a six month chart of tens in the u.s. hold that image, let's go to the german boom, the standard of the euro zone, now let's go to the spanish tens and now let's go to the uk tens. you see all those patterns are almost identical on

when you partner with barclays, every change leads to a bold possibility. you have the vision.cial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. >>> welcome back to "the exchange," everybody boeing shares up about a percent now, following news that the faa has completed its inspection of select 737 max 9 planes. also happening today, boeing's ceo dave calhoun addressing spirit aerosystem employees at a town hall. let's get to phil lebeau for more >> tyler, that town hall meeting has just wrapped up. dave calhoun, along with pat shanahan, ceo of spirit aerosystems, addressing employees there in wichita, kansas this similar to what we saw from boeing's town hall last week the idea here is to say to the workers there, we've got to do better you cannot have these kind of quality escapes that lead to this kind of a situation by the way, spirit aero, the quality controls there have been in question for some time over the last couple of years this is not the first issue that has popped up. with regard to this issu

barclays corporate and investment bank powering possible. the stock market does.n fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. >>> julia boorstin is joining us now. julia, what do we know about what i'm reading here about the ftc apparently going to scrutinize these big tech ai deals a little more closely? >> that's exactly right. ftc chair lina kh

transit and higher costs along with madonna, the defendants include the concert promoter ran the barclaysenter where she performed. >>> b.a.r.t. is on a budget, coming in under budget for its shiny new fleet. that is nearly unheard-of when it comes to rail transit projects. the new fleet of the future cars expected to cost nearly $400 million less than originally planned. >> one is speeding up the schedule for getting these cars manufactured and on b.a.r.t. property and the other is the fact that we brought in a lot of the engineering work into b.a.r.t., rather than relying on outside consultants. it is a $400 billion savings and this is a capital project which is not our day to day expenses. this money will be used for other projects to improve the system long-term. >> saving money could be a big boost in the ultimate goal of winning back riders. allison tells us he is hoping new modernized train cars will also help. >> we need to convince the bay area that we are the safest way to get around and we need to have a clean, comfortable experience for people. having these new train cars with

let me quote another barclays upgrade. they got behind one of the worst performers in 2023, dollar general. last year was rare to see anything good about them. they could not defend. the dollar general was too awful. and even if it did it would fall on deaf ears. today the recommendation propelled the stock up 3 1/2 bucks off a 131 basis. you aren't getting that kind of percentage gain from the magnificent seven anymore, at least for now. i love, love this morning's recommendation of merck talking about how this stock sells at 14 times earnings. average pharma name sells for 16 times earnings. under the hard charging ceo rob davis the current market is anything but below average. he's taking the money his company makes from one of the greatest onklogical franchises in the world, keytruda, and putting it to work building out the new drug pipeline. i thought merck's acquisition of prometheus bioscience for $10 billion last year was a work of genius because they have a fantastic drug for irritable bowel disease, could be giga

from barclays, what is the forecasting error right now.ou see that at the desk at barclays? >> there continues to be far too much confidence of the smart fed cut in the face of financial conditions that have eased in 10 year treasuries back to where we were in early august. it's hard to draw too many conclusions from a single data point. they have introduced sobering effects on the market. the participation rate, wage data, and might show the economy re-accelerating over the next few months. tom: unfair question, what is the issue one's calendar look like. is now the time cash related tech puts out more? meghan: similar to the floodgates that opened up overnight, they have seen 83 billion new issuance over the last six days. i think across broader markets, ig has been the place we have seen an ability to quickly regain our footing from the indigestion we saw the start of the year and it is become a silver lining. we have seen investors find opportunities to put cash balances to work. we are running largely ahead of 2023 volumes and on trac

chp officer andrew barclay says drivers should prepare with chains and other emergency items if travelinge sierra this weekend. >> make sure you have warm blankets, extra clothes with you you have a cell phone charger to bring with you. you have anything you may need if for example, you get stuck and you have to wait a while before someone can get you moving again. >> reporter: a winter storm warning goes into effect saturday morning, with the storm expected to bring a lot of snow in dangerous wind. >> we are expecting there to be slick roads. we are expecting there to be icy conditions and we, unfortunately, expect there to be people who aren't ready to drive in those conditions. >> reporter: this system is the first significant system of the season. kevin cooper cooper showing the snowy conditions over the past 24 hours. he says the snow is much-needed in the region considering the underwhelming statewide snowpack to begin the year at 25% of average to date, a stark difference from the numbers at the beginning of 2023. >> snowpack last year, you are talking 24 feet of snow at the upper

let's remember that barclay's downgraded the stock apple yesterday. and really gave a clear sense of how they see that price dropping off, $160 a share at some point. that was really the spur of the movement it fell off quite significantly. apple's down 4% for the week it is all going to be about the economic data as well. we saw the fed come out with their minutes, kind of give a sense that they're still worried about inflation, no clear signs of when they'll begin to cut interest rates, however, all of that still at play in this market picture there's also the jobs numbers. the unemployment data will come out on friday, but we've also just seen in general that the number of employers or employers finished off 2023 with pretty much less positions than they had at the start of the year fewer open positions at the start of the year. in fact, they declined by 15% from a year earlier. the lope is that the comply still will stay strong despite that >>> there is now growing concern this morning about theflu, especially in the south where states are seeing

>>> now to a couple of angry mad madonna fans expressing themselves after she showed up late for barclayith the show not ending until close to 1:00 a.m. the suit claims fans would not have purchased the tickets if they were aware of the late start time which also happened to be on a week night. she chronically late, from madam x tour to now, everybody knows, what's she doing what are they doing when they come out that late >> maybe it's all part of the suspense of the show especially when you're a repeat offender >>> when we come back a new study reveals how multi vitamins can improve your memory, and a mega stuf cookie is returning to shelves. shelves. ah! hated that. headache? better. ah! fever? body pain? better now. aaaaah! new mucinex kickstart gives all in one and done relief with a morning jolt of instant cooling sensation. it's not cold and flu season. it's comeback season. bladder leak underwear has one job. i just want to feel protected! always discreet protects like no other. with double leak guards that help prevent gushes escaping from the sides. and a rapid dry core that lo

innovation seem to be catching up with the apple that we highlighted in the barron's cover story barclayslyst downgraded the stock this past week and the potential weakness in iphone sales this year end the stock frankly being down this past week is not cheap trading nearly 30 times the current year earnings estimate and earnings may grow about 7% this year on about 3% growth in revenue. that is not all that great. jack: that the pd for the stock only growing 7%. >> the bull case it is a phenomenal ecosystem about a billion users and warren buffett and brookshire hathaway is the biggest holder and if you gave most apple iphone users a $10000 to give up their phones for the life they would not do it. jack: i hate to say that is probably true. let's talk about tesla they gave up its crown as a leading electric car maker in the world to be yd. >> a big week for losing the crown. in the case of tesla losing the crown as top seller now be why d and china selling more than tesla and is easy to see why, the average cost of a tesla vehicle is about $45000, not many people have outline around. be

factories will be completed by the end of this year, which is quite consistent with the forecast of barclays which believes that semiconductor production volumes in china over the next... 5 years will double, and this is good news, not only for china itself, well , at least, because the same trendforce is already noting a decrease in the cost of services of such enterprises, and all over the world, that is at first, chinese contract manufacturers lowered their rates in order to lure foreign chip developers, and now taiwanese and korean factories are forced to provide discounts of 10-15%, but there is a nuance, we are not talking about the most modern processors. those dozens of new chinese factories that trendforce writes about in its report are so-called mature lithography, that is, they are designed for a process of maximum 28 nanometers, this is a topology that taiwanese tsmc mastered more than 10 years ago, now it produces three three-nanometer processors and is building two factories for the production of already two-nanometer chips, however, 28 nm is quite relevant, if you do not take