hour >>> let's move on and stick with crypto details moving around a hack with the digital asset bertha coombs is back. bertha, that is going on now with hackers >> reporter: brian, more than $320 million of crypto has apparently been stolen in the latest breach. developers representing wormhole, one of the popular bridges linking the ethereum and solana block chains confirmed on twitter. analysis from block chain security firm shows the attacker exploited a vulnerability on the solana wormhole to carry out the attack >>> u.s. safety regulators are worried about the tesla safety with the brakes deploying on its own. the number of complaints received by nhtsa says it has risen in the last few months the agency will take action on the matter if need be. back in may, elon musk said dropping the sensor would fix the braking issue. >>> and the testing rules for vaccinated passengers coming into the u.s. from abroad. in the letter seen by cnbc, united and southwest and delta airlines argued that testing requirements for the group of travelers is too burdensome for travel this was days before preside

i'm bertha coombs with cnbc. wall street set to open modestly lower but we're coming off a sharp sell down that was spurred by the hottest inflation, prices up 10.5% on average. the report prompting a top federal reserve official to call for bigger interest rate hikes this year. and coming faster. the bond yield spiked on that news. we saw the ten-year treasury note, interest rate topping 2% for the first time since december of 2019. if you're shopping for a mortgage, bad news. that's where it trickles in. the markets, meantime, are pricing in a 100% chance of the fed hiking rates by half a percent next month. the dow dropped by more than 500 points yesterday. the s&p 500 and nasdaq were both down about 2% on the day. still, all three are on pace to be up for the third straight week. meantime, nbc universal, the parent company of this station and cnbc, is finalizing plans to shift some high profile content from hulu to peacock. the "wall street journal" reports starting this fall new episodes of shows like "the v

. >>> here is more this morning with bertha coombs with the headlines. , good morning >> good morning, brian border crossing with canada and the u.s. opening late yesterday after police arrested protesters in ottawa. the so-called freedom convoy protesters had occupied canada's capitol for two weeks. locking the ambassador bridge between ontario and detroit. the crossing carries 25% of all trade between canada and the u.s. >>> a verdict in the doping case of the russian figure skater valieva. she has been cleared by the olympic court of arbitration which said a ban would cause her quote irreparable harm she tested positive for a banned angina drug, but there was a 45-day delay in reporting that test taken on christmas day. >>> the l.a. rams beating the cincinnati bengals to win the super bowl lvi the final score 23-20. the game enie ending in a fourtw defensive end by the rams. the bengals responded with their first touchdown in the second quarter. rams cooper kupp was named mvp with eight receptions and two touchdowns i was really rooting for the bengals

good morning, i'm bertha coombs from cnbc. not much love for stocks this morning on wall street. we are set to open lower, although not as low as it looked an hour ago. investors are tracking tensions between russia and ukraine. this follows a rocky week for the markets, which came under pressure from hotter than expected inflation numbers on thursday and fears of that russian invasion of ukraine. the dow tumbling more than 500 points on friday as the white house warned an attack could begin any day. oil prices are trading at more than seven-year highs and that's feeding into prices at the pump on worries that we could see a possible supply disruption. russia is one of the world's largest oil producers. also in focus this week, we're going to be watching for a report on inflation on the wholesale level with producer prices, we'll look at retail sales, unemployment and get a bunch of housing data as well. meantime, coin base made its super bowl debut with an ad featuring a bouncing qr code. folks like me thought that looks kind of boring, but it actually might have worked too well

shep >> bertha coombs, thank you. >>> an idea of a federal gas tax holiday starting to gain momentum and that's what's topping cnbc's "on the money. the white house and top democratic lawmakers considering a pause on federal fees that they tack onto the price of gas at the pump. discussions starting after a group of vulnerable senate democrats introduced a bill that would shelf thnt tax untie 18% gas tax till next year. the average gas prices touch $3.49 a gallon that's up for the seventh straight week. >>> the poultry industry threatening now or threatened by a widening bird flu outbreak the usda confirms 240,000 chickens at a tyson food commercial broiler operation in kentucky tested positive for the lethal bird flu. the outbreak comes as poultry prices have risen nearly 10% over the past year a similar outbreak in 2015 cost the government nearly $880 million to destroy infected birds. >>> and super bowl lvi is the most watched program on television in five years the rams and bengals drew an average of more than 112 million viewers across all platforms for nbc. and the halftime sho

i am bertha coombs from cnbc. we've got wall street looking like it will open slightly lower this morning, but we are coming off the best week for the s&p and the nasdaq since december. the dow was up 1% for the week. the markets boosted by earnings reports from the likes of apple and the better than expected jobs numbers we got on friday. those follow a rocky start to 2022 as the prospect of rising interest rates prompted investors to dump tech and stocks in january. we're going to get reports on consumer credit, also consumer sentiment, unemployment, and consumer prices. meantime, apple is reportedly targeting march 8th for its next event. bloomberg reports the company will show off refreshed ipad air that will both have 5g capability. the iphone se is expected to have a faster chip and improved cameras. the current se was launched back in 2020 and the price tag $399 has remained the same, at least so far. and tequila could soon surpass vodka as america's first liquor. the distilled spirits council says tequila

i'm bertha coombs from cnbc. we've got wall street set for aics inned open ahead of inflation data this morning. yesterday we saw stocks rallying for the second straight day as the tech sector this time led the markets higher and helped the nasdaq recover some of the losses from the january selloff. the nasdaq jumping 2% while the s&p 500 was up about 1.5%, the dow just under 1%. in focus today the big number is going to be consumer prices. expect it to show that inflation at the consumer level in january rose at the highest pace in 40 years. meantime, disney reporting earnings that beat wall street's forecast thanks to strong subscriber growth at disney plus, and theme park business roaring back to life. disney plus added needed 12 million new customers in the fourth quarter bringing the total to almost 130 million subscribers. the theme park, meantime, returns to a profit for the first time on the back of a huge inflow of visitors to parks in the u.s., europe and asia. and uber reporting its second quarterly pr

. >> i'm bertha coombs from cnbc. we've got wall street set to open locker and the nasdaq is really going to be the source of the pain as tech stocks come under pressure after facebook's parent company meta reported disappointing earnings. this comes after the market extended its winning streak to four straight days. we saw the dow rights more than 200 points yesterday and the s&p was actually up about 1% and the nasdaq half 5% coming on the heels of alphabet. that's google's parent companies blowing out earnings in the afternoon before. now in focus this morning, we're waiting for reports on unemployment, productivity, factory orders and the service sector plus we've gotten earnings so far from eli lilly and merck and amazon and ford are on tap. getting back to that meta story. investors wiped out about $180 billion from the market value of facebook's parent. to give you an idea of how big that is. that's bigger than at&t's whole market cap. meta platforms warning users that are are spending more time on other apps s

i'm bertha coombs from cnbc. wall street is set to open higher after the market rallied yesterday, the dow rising on the back of strong earnings. other names such as harley davidson and dupont reporting better than expected results, lifting the s&p 500 and nasdaq. nearly 60% of companies in the s&p have reported fourth quarter numbers. three-quarters of them have beaten earnings forecasts. in focus today, we just got better than expected results from cvs health, and yum brands. we're awaiting disney, mattel and uber. meantime, apple is expanding benefits for retail employees starting in april. bloomberg report these include more vacation and sick days and paid parental leave. it covers both full and part-time workers at apple stores nationwide. the expansion of benefits comes after a number of media outlets reported on low pay, stressful workloads and low morale at apple stores. dozens of employees staged a walkout on christmas eve to protest working conditions. meantime, chipotle says you may be shelling out a b

i'm bertha coombs from cnbc. wall street is looking like it's going to start slightly lower, particularly with the nasdaq. stocks slipped to start the week, the s&p 500 and nasdaq reversing course in the final hour of trading on monday. the dow eeked out a tiny gain of just one point, but that counts as a gain, after being up as much as 235, and down as much as 95 points. investors are waiting for a key report on inflation later this week, expecting to show consumer prices to have risen more than 7% year-over-year. the inflation has led to speculation that the federal reserve could become more aggressive when it comes to hiking interest rates. mean who i am, the irs abandoning a controversial practice. it's going to halt the use of facial recognition technology to authenticate people who create online accounts. the practice has been criticized by privacy groups and lawmakers alike. critics say the third-party service could become a target for cyber threats and expressed concerns over how that information could be

bertha coombs is here with that and more bertha, good morning. >> hey, good morning, brian. disney, sony pictures, and viacomcbs all in the hunt looking to bid on the next five years for indian cricket matches. the sports governing body is planning this week to solicit bids for its most popular premier league disney currently holds it, which has been a crucial driver for its subscriptions to its disney plus service. >>> toyota is cutting its production by half a million vehicles as chip shortages and covid sick leave hits the output they plan to build 8.5 million they had a fall in operating profit for its most recent quarter. >>> and far from the production floor and the twi twittersspher. he emailed for weeks with the father of a teen who died in a high-speed tesla crash in an exchange that ultimately led to tesla updating a safety feature at the father's request. it went on for nearly seven weeks with musk at one point sharing stories of the loss of his own son who died at just 10 weeks back in 2002 at the end of the day, grief is one of those things that does bring peopl

bertha coombs is here with that. >> reporter: good morning, brian. ceo daniel ek confirming it removed dozens of episodes of the podcast and response to a video documenting many times joe rogan used a slur on his show. addressing the use of the "n" word and removing of the episodes i want to make clear they do not represent the values of the company. ek adding he does not believe silencing rogan is the answer, but we should have clear lines rest around content, but cancelling voices is a slippery slope >> i think the big balancing act that we're trying to do as a company is just critical balancing creative expression with the one about the safety of our users. that's also why we published this weekend our policies and really for the first time did that that's probably something we should have done earlier that's on me we have them out there now so everyone can look at these policies and understand what goes on our platform >> reporter: rogan also issuing an apology on instagram over the weekend calling the issue quote one of the most regretful things

bertha coombs is here with more. >> reporter: brian, thiel making that announcement yesterday sayingwill not stand for re-election in may the company says thiel and early facebook investor and friend of mark zuckerberg will serve on the board until the meeting. according to the report, he is focusing on his political agenda in the 2022 campaign cycle >>> guess is reporting to the calls for the co- founder to leave the board. urging that paul and marciano being ousted accusations of sexual misconduct of women against paul and claims that maucian mauciano turned a eye. >>> and tesla is cutting steering parts from the cars to deal with the chip shortage. cnbc reported that the company excluded one of two control units in the steering racks of the shanghai built models. the sources say tesla employees decided against telling customers because the part is considered a redundant back-up this comes as tesla revealed it received a subpoena over selling shares brian, the s.e.c. is seeking information on the process of compliance with a 2019 settlement that agreement stemmed from another musk

the latest in the softbank with the chip maker arm we have bertha coombs here with more with the details. >> reporter: good morning, frank. softbank has been hit by a legal fight. the court filings says alan wu launched a third case against china. this is the latest eitffort to maintain control of the business unit it creates a hurdle for the efforts to take arm public on the nasdaq after the planned merger collapsed >>> and comcast finalizing a plan to change its programming on hulu. according to the wall street journal, the parent company of this network and nbc universal will no longer make them available soon ever they air the network will instead shift the shows to peacock streaming platform that change is expected to take effect this fall >>> and uber's ceo says the ride hailing company is not immune to ongoing inflation pressure in the first on cnbc interview with andrew ross sorkin and uber investor day, the ceo laid out the mixed picture on the higher prices >> we have seen significant pricing power within the platform we are a marketplace it goes both ways. pricing to the consu

the first venture capital fund dedicated to investing in black-led healthcare companies here's bertha coombsrrell porter knew his idea was good a platform to help researchers develop gene cell therapies. >> that was very appealing to a lot of investors >> his timing was bad. he launched march 2020, just before everything shutdown, but when things reopened, he discovered venture capital funding was about more than buying into an idea. >> they really making a bet on you as the entrepreneur and therefore, it's a profoundly personal decision and you know, being different or the situation where the investor may not see themselves in you or may not find a way to connect, that makes it harder to find capital. >> in 2020, 78% of venture capital investment partners were white. 15% asian and just 3% black. according to a vc human capital survey >> i just got a couple of bills that i need to prove >> marcus whitney was a partner in 2020 after the george floyd protest, he says things shifted. >> i tapped into an awareness that there was a willingness to do something that i'd never really felt at any poi