let's check on the top corporate stories with bertha coombs. bertha, good morning. >> good morning, frank. alaska air group says it agreed to buy rival hawaiian air for $1.9 billion or $18 a share. it will take on its $90 million in debt. shares of hawaiian closed friday at under $5 a share. they are down more than 50% this year with the market cap below $300 the mmillion. the deal sets up a battle with regulators suing to block jetblue's deal for spirit airlines. the ceo of alaska and hawaiian will join cnbc later this morning to discuss it. >>> watching shares of uber and jabil and builders first source ahead of the open. the s&p will invite these to join replacing sealed air and alaska air and solar edge. >>> and google is reportedly postponing the launch of public a.i. system gemini. the ceo is pushing back the timeline because of the questions not posed in english. the timeline is set for next month. so much with a.i., frank. i don't know if you saw the article in "the new york times" where people are grappling with the potential of a.i. >>

let's get the headlines now with bertha coombs. hi, bertha. >>> hi, scott. house republicans said they could foally authorize the gop's impeachment iniry to president biden next week. james comer sa gop leadership will determine t exact timing of the vote. e white house said today the house has been probing the president and business dealings and has proved to find a wrongdoing. >>> an appeals court is allowing civil lawsuits against donald trump over the juary 6th riot at the capitol to move forward. a panel of three judges denied the former president's request to dismi the lsuits that accuse him of inciting the violent mob. the judges added that their ruling is not the final word o whether trump may be protected from liability by pridential immunity. >>> anndiana judge has dismissed a state lawsuit against tiktok over child safety concerns. the lawsuit was filed in december of last year and alleges the company made false claims about the safety of user data and age appropriate content. similar lawsuits are pending in arkansas and utah. scott? >> bertha, th

that's bertha coombs.cdi tng up, "calls of the da ilungop picks in financials and software after this quick break. what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >>> "calls of the day." first up is goldman, named the top 2024 pick. $400, the price target, above average growth expected. inexpensive balance sheet relative to the return outlook. bryn, you used to own goldman but saw it, i don't know, six weeks ago? >> yeah, that's about right. this has been a year of transition, three of the best banks. if you think m&a is going to improve next year, i think goldman is a natural buy. i would rather own my nvidia, own more health care. i just don't want to be in the financials. i still think the private c

bertha coombs, thank you. >>> coming up, no time like the present. if you still have some last-minute shopping to do, you're not alone. how to make sure you get the best deals and get the gifts under the trees. >>> plus, it's more than two years since notre dame was nearly destroyed by fire. nearly destroyed by fire. we'll have a close-up of the hey, you should try new robitussin honey medi-soothers for long-lasting cough and sore throat relief. try new robitussin lozenges with real medicine and find your voice. you know? we really need to work on your people skills. having triplets is... -amazing -expensive. so, we switched to the bargain detergent, but we ended up using three times as much and the clothes still weren't as clean as with tide. so we're back with tide, and the clothes are clean again. do 3x the laundry and get a tide clean. it's got to be tide. my active psoriatic arthritis can make me feel like i'm losing my rhythm. with skyrizi to treat my skin and joints, i'm getting into my groove. ♪(uplifting music)♪ along with significantly clea

. >>> let's get to bertha coombs for a cnbc news update. >> hey, kelly.ite house spokesman john kirby place today blame squarely on hamas this afternoon for the collapse of the temporary truce with israel. he said hamas failed to produce a list of hostages that would have enabled the pause to be extended. he also corrected a previous tally of american hostages that have been released so far, down from six to four. the death toll from a massive landslide in alaska has reached five, after authorities recovered the body of one of the two people declared missing. a 12-year-old boy still has not been found. the landslide was brought on by a strong storm last week. alaskan officials say it was 450 feet wide. >>> and spacex launched a rocket today carrying south korea's first spy satellite. it's the first of five spy satellites on musk's company's list that they're sending to space under a contract with the country. it comes after north korea claimed to send its own spy satellite into orbit for the first time last month. >>> quita ek f elon musk this week, kelly

bertha coombs. a lot of names hitting new highs here, not just lennar.ti saying 100 basis points in cuts next year, j jpmorgan saying 125. the list goes on and on. at what point, we're sort of -- do home builders start feeling the pain, because existing homes start coming on the market, because the market is loosening? >> right. they've been in this extraordinary position of being the only supplier in town kind of and now -- didn't know how long it needs to stay at this level or even go lower. where you start to see some of that huge existing home inventory unlocked. and then it becomes more competitive. we'll see. but to me, i think, you know, i've been thinking that sentiment is just so huge that anything even remotely related, so, something like zillow, which i look at, whirlpool, things like that, anything also bad related to home building also up. it is kind of extraordinary nafr. and lowe's, and home depot, up big. >> this group is an accident waiting to happen, if you -- forget the last couple days, it's up 50% in the last week. this is a company

i was alking with my colleague, bertha coombs, about the biotech space.h have remained politically with cement, but to some other categories, are ai- based companies, no surprise, but also biotech, life sciences field. she was saying, rising interest rates have hurt that category, because those are so cost- intensive, those companies are so cost-intensive. not just launching an app. we have seen the negative impact throughout the space, but number had the silicon valley bank implosion this year. that has had an impact as well. overall, concerns about the economy. there have been so many different factors putting pressure on the market, but a lot of investors have said this is a great time to get in because valuations have come down. >> julia, great to have you in the house. >> appreciate it. >> all right. so many aligned to get to kn. ow we will power through as many as we can in closing time. "power lunch" is back in two. >>> catch "the markets on" every day on "closing bell," sponsored by eátrade from morgan stanley. you ca ay on te market from wherever

let's get to bertha coombs with the details. what's the strategy here, bertha?sion of the inflation reduction act. the biden administration is asserting its right to seize drug patents of certain high-priced drugs that were developed with government funding. now the 1980 bayh-dole act let universities and small companies commercialize discoveries made with government funding like medical technology, drugs, google, quantitative computing, but now the white house wants to use a provision of that law to take on high drug prices, nine months after the national institutes of health denied a petition from cancer groups to use that provision on a cancer treatment that lists for more than $150,000 to allow other drugmakers to produce it. the bipartisan law does allow it when a patent is allow to lay dormant, breaking the patent on the basis of price has never been done. elizabeth warren applauded the effort to expand -- >> when there's no competition in a market, then that falls hard on people who need that drug. it also falls hard on taxpayers who end up paying for it

. >> bertha coombs has the headlines for us hi, bertha >>> the security nations council has delayed ae on a humanitarian ceasefire in the israel/hamas war to allow time for u.s. secretary of state antony blinken to attend a planned meeting with arab ministers. the u.s. ambassador to the u.n. says the u.s. does not support the calls for the ceasefire. some russian aft lets will be allowed to compete at the 2024 olympics in paris. the international olympic committee confirmed their participation as neutral athletes today removing the option of a blanket ban over russia's invasion of ukraine the ioc says eight russians are among 4,600 athletes worldwide who have qualified so far for the summer games ukraine called the update irresponsible. >>> and the banner year for taylor swift just keeps going. her sold-out "era's" tour is the first to cross the billion dollar mark. the publication did not clarify whether they adjusted for the past inflation to get an apples to apples comparison but sold nearly 4.5 million tickets across 60 tour dates i think she just called 2023 the taylor swift year

i'm bertha coombs. here's your cnbc news update at this hour.crossing into gaza a senior u.s. official said the opening was agreed to on the request of the u.s the karem shalom border crossing will be open for screenings and inspections of humanitarian aid. >>> the supreme court is scheduled to consider today whether to hear cases that could determine the legality of the abortion pill. the biden administration is defending the pill's federal approval and is advocating to keep it available by mail. if the justices decide not to take up the appeals, a lower court's ruling would go into effect, restricting availability of that drug. >>> russian media reports today that president vladimir putin announced his candidacy in the presidential election next march. putin is expected to face only token opposition and is all but certain to extend his rule until 2030 sara, got a feeling that there's just not much doubt in the outcome of that election. >> least surprising news ever. thank you. bertha coombs. >>> the november employment report showing a gain of

time for the headlines with our bertha coombs.ays great to see you. >>> the jury has resumed deliberations in the defamation trial of rudy giuliani. he's been found liable for defaming two georgia election workers, ruby freeman and her mother, seeking $24 million each for his baseless accusations of election fraud against them. >>> an agreement to return 16 major artworks to cambodia and thailand that were associated with a now dead met owner and art dealer indicted for illeillegal ly trafficking in an scient artifacts. they have been under pressure for taking from the country during deck apdz of civil war. >>> after losing 63-21 to the raiders on thursday night, which was one of the worst losses in franchise history, the l.a. chargers' coach, brandon staley, is out of a job. the team announced today that it is parting ways with staley and general manager tom telesco. the team says it will name an interim coach and gm soon. maybe some of the guys on the desk might be interested, frank. back over to you. >> it's a job in l.a., bert

. >>> let's get a news update with bertha coombs. >> hey, carl. a search team has discovered the bodies of five missing u.s. crew members who died in a military aircraft crash last week in japan. the air force said this morning a team of divers found their remains and wreckage from the crash today. two crew members remain unaccounted for. the pentagon grounded a fleet of military osprey aircraft at a japanese base in response to that deadly crash. but ospreys continue to fly in the rest of the region. >>> donald trump is trying to take his fighting over gag orders in his new york civil fraud case to the state's highest court, according to a court filing today. a new york appellate court reinstated the gag order against him last week. it prevents him and his lawyers from making public statements about court staff involved in the trial. >>> and the corruption trial against israeli prime minister benjamin netanyahu has resumed. it's been on hiatus since the war with hamas began. netanyahu is accused of fraud, breach of trust and accepting bribes in t

. >>> now let's get to bertha coombs for a update. >> an assault weapons ban put forward by chuck schumerass. it would have reauthorized a provious ban in 1994. the action came as the united states broke the record this past weekend for the most mass shootings in a single year. according to a tracker run by the associated press, usa today and northeastern university. >>> israel's military confirmed the forces are in the heart of khan yunis for the first time. the area is thought to house hamas leaders but is also crowded with civilians. many of them fled there at israel's urmging to avoid bombardment and battles in the north. >>> a life sized chocolate willie wonka made a debut today in london's square. it is in the likeness of actor timothy chalamet who is reprising the role of the candy making boss in the upcoming film. the statue's sculptor said it tock her and the team more than five weeks to complete. sweet, jon, back to you. >> a lot of people would lake to have a bite, thank you. >>> ahead on power lunch, the price of bit coin is up 25 % in just a month, more than double about 158%

. >>> time for a news update with bertha coombs. >> the human rights group has concluded it was an israeli killed a reuters journalist on the lebanon border in october. amnesty international released a statement today saying it came to the conclusion after verifying more than 100 videos and photographs analyzing weapons, fragments from the site and interviewing more than nine witnesses. the group also called the strikes a deliberate attack on civilians. israel refuted that point and said it does not target civilians. >>> the house voted moments ago to censure representative jamaal bowman. he pleaded guilty for pulling a fire alarm in a congressional building while the chamber was in session in september to consider a government funding vote. he said it was an accident. others accused him of doing it on purpose to try to delay the vote. >>> and jon rahm, the world's number three ranked golfer and reigning masters champ is reportedly set to leave the pga tour for saudi-backed liv tour. "the wall street journal" reporting it is expected to come this week, ahead of a december 31st deadline to

let's get out to bertha coombs for a news update. afternoon, bertha. >> hello, good afternoon, dom. the biden administration announcing today that it is reopening to key international crossings to rail traffic after shutting them down for five days. more than half a billion dollars rail freight was halted along the texas border as a record surge of migrants are crossing into the u.s., combined el paso and eagle pass account for nearly 36% of all cross border rail traffic in the past year. according to government statistics. a congressional oversight committee has launched an investigation into the military's osprey program, after the crash in japan killed eight members of the air force. special forces, virtually, the entire fleet remains grounded worldwide. and, sean penn's disaster relief charity is reportedly laying off nearly 30 people, according to bloomberg report, corresponds is cutting costs in anticipation of a 20 million dollar deficit for the year ahead, it told employees this month that fundraising was slow this year, citi

let's go to bertha coombs with the headlines. >>> an update on a mass shooting in prague. police gave a press conference where they updated the number of dead now saying more than 15 people including the shooter were killed. the shooter's father was also found dead earlier today. more than a dozen others were also injured. police identified the shooter as a student at the university where that mass shooting happened. >>> harvard university's president is facing another controversy. they say she is updating her dissertation as evidence of two more examples of insufficient citation in her work. the accusations come just after a week after the school stepped up to support the outcries over her congressional testimony about preventing anti-semitism on harvard's campus. >>> and as winter officially begins today, the cdc director says the u.s. is seeing a shopper rise in flu levels right now particularly in the south and covid cases appear to be climbing nationally. the rsv virus does not appear to have peaked. not to mention the fact that there's just a common cold going around

for more, let's bring in bertha coombs joined by karen limynch. >> karen, thanks for joining us. quite a lot in your more than 2 1/2 years. you set out to acquire primary care, home care. you've done that. and now, next year, you're facing all these challenges with the loss of the pharmacy benefit contract from centine, a very big one. you have lower reimbursement rates on medicare advantage, higher employment costs. and yet, you have raised the outlook when it comes to revenues next year. how are you making this happen? >> nice to be here today. if you look back two years, we have accomplished everything we said we would. we said we wanted to enter into primary care, the home, and enter into physician reorganization, we have done that. we wanted to reduce our operating cost structure, we have done that. we wanted to improve health outcomes in patient engagement. we grew 20 million digital customers, reaching 55 million digital engagements. as we look to next year, it's an exciting year for us. we talk today about our growth in medicare advantage. we're going to grow over 600,000

. >> thank you very much, let's get to bertha coombs for a cnbc update. >> tyler, david ramaswamy's campaignhe was the target of death threats ahead of a scheduled appearance in new hampshire today. federal prosecutors charge a 30- year-old man for threatening at 2024 presidential candidate. court documents did not disclose who that candidate was, but ramaswamy's team said the man had responded to a text blast from his campaign with the violent messages. >>> the state department weighed in on reports that russian opposition leader is missing. department officials say this afternoon, they are deeply concerned for his well-being and have communicated to the russian government that is responsible for what happens to them. his team says they lost contact with him after he was believed to have been moved from a penal colony where he had been in prison since last year. >>> and president biden traveled to philadelphia today to announce federal funding to reopen three fire companies that have been decommissioned during the recession. the $22.4 million will cover pay and benefits for 72 firefighters

. >>> let's get a news update with our bertha coombs. >> hey, carl the chief of the united nations issuedning this morning about the humanitarian situation in gaza. he told the security council that conditions no longer allow for effective delivery of aid. he said food stocks are running out. it comes as the u.n.'s relief agency says the strip is on the brink of, quote, full-blown collapse. >>> president biden is heading to las vegas today to showcase efforts to expand america's passenger railroads. he's expected to announce more than $8 billion for ten rail projects one of the biggest is a high-speed rail that will connect vegas and los angeles. >>> a judge ruled today, prince pear's libel case must go to trial. the prince was trying to get newspaper mail on sunday's defense thrown out a judge said that could not happen prince harry sued a publisher following a report which claimed he tried to keep a legal fight with the british government secret it was allegedly over his police protection after he stepped back from royal duty. sara, back over to you. >> bertha, thank you. >>> jared bern

let's get to bertha coombs now for cnbc news update >> john, an appeals court rule today, new york cannforcing state laws that ba firearms in sensitive locations, such as schools and government buildings. however, the panel rejected part of the law that require people applying for conceale carry permits to turn over a list of their social media accounts the u.s. circuit court's rulin is one of the first broa refuse of new gun measures since the supreme court's gu rights expansion last year in kentucky, a pregnant woma filed a lawsuit today, demanding the right to a abortion she is seeking class actio status for her lawsuit, so other women can join she claims kentucky's near total abortion ban violates he right to privacy and sel determination under the stat constitution tulsa police are sharing video of a man allegedly firing 17 shots towards the department helicopter police say the chopper was flying over the area because o reports of shots fired that's when they encountered the man, who apparently turned his gun on them. >> the helicopter was no damaged, and no one was hurt scary. do

. >>> let's get up to bertha coombs for the cnbc update. >>> kelly, israeli military officials say thatps mistakenly killed three hostages during a ground operation in gaza. the idf says that hostages and two soldiers and civilians were kidnapped from the super nova music festival. their bodies have been returned to israel. >> reporter: a kinetic appeals court upheld $75,000 in fines today against conspiracy theorist, alex jones. who is charged for a fee not showing up to a deposition in a lawsuit by sandy hook families for calling the 2012 connecticut school shooting a hoax. that suit eventually led to a 1.4 billion dollar judgment. joan said that he had a medical problem that prevented him from making it to the deposition. the court found he still managed to have a live broadcast of his info works show at the same time. >>> jury deliberations resume a few minutes ago in the domestic violence case involving marvel actor jonathan majors. they are deciding whether majors is guilty of assaulting his then girlfriend in a struggle that allegedly began in the back of a car last spring. major

let's get over to bertha coombs and she can give us the headlines this morning so far. bertha?, cvs reaffirming its guidance for 2023 and establishing revenue guidance for 2024 above consensus at $366 billion for next year. they're outlining how they're going to integrate some of their acquisitions, particularly oak street health. this is a primary care company that they acquired for over $10.5 billion, and they are starting to open up new clinics within cvs, the first one down in houston. they expect to have some 50 clinics over the next year. this is one of the ways that they're going to integrate that primary care with medicare advantage plans that will help them, they say, to really create value-based care. the thing that's really getting a big splash this morning is that cvs is announcing a new model for their pharmacy benefits business. they're calling it cost vantage and true cost. they say they're going to offer employers plans that make for transparent benefit pricing starting in 2025. now, interestingly, in 2025, blue shield of california has left cvs' pbm plan for ma

let's get to bertha coombs for the latest. hi, bertha. >> hi, sara.he seven-day truce, more than 100 hostages and 240 palestinian held in israel were released. thisraeli military is urging residents to evacuate signaling imminent assault in that region. the white house is working on a new cease-fire between the parties. >>> the house of reprentatives is voting right now on the expulsion of congressman george santos. if ousted santos would be the only the third lawmaker since the civil war to be expelled. the vote comes after the house ethics committee reased a damming report that found santos used campaign donations for his own personal gain. >>> and sandra day o'connor made history as the first woman to serve on the supreme court has died. o'connor was nominated to the court in 1981 by president ronald reagan and served nearly 25 years before retiring in 2006. according to the high court, she died of complications related to advanced dementia and respiratory illness. in a statement chief justice roberts wrote that o'connor blazed a historic trail. sh

i'm bertha coombs with your cnbc news update at this hour, the israeli military says that its grounday. troops are in areas where hundreds of people have sought shelters since the start of the war. the push into the south is raising new fears of civilian casualties as gazans say they have no safe place to go. >>> the former police officer convicted in the murder of george floyd has returned to prison custody after he was stabbed 22 times by a fellow inmate. derek chauvin is currently serving a nearly 23-year sentence. the criminal complaint says the inmate who allegedly stabbed him used an improvised knife. corrections officers claimed the inmate told them he was trying to kill chauv been. that inmate is charged with attempted murder. >>> the supreme court is hearing arguments today on the legality of purdue pharma's bankruptcy settlement. the oxycontin maker deal would give billions to people harmed by the opioid epidemic. in exchange it would shield purdue's owners, the sackler family, from future opioid-related lawsuits. this is one that people are watching very closely. it has a

i'm bertha coombs with your cnbc news update at this hour.unding disgraced gymnastics coach larry nassar at michigan state are now set for release. the university's board voted unanimously this morning to unveil the long with held files. survivors have been lobbying for their release for nearly six years. nasser is currently serving an up to 175-year prison sentence on sex abuse charges. >>> panel of judges is hearing arguments this morning over whether election interference charges against trump white house chief of staff mark meadows should be moved from state to federal court. meadows is charged alongside the former president and 17 others in georgia. if successful, it could set up meadows to claim immunity in the case. >>> a win in court for prince harry today. in one of several lawsuits he's filed against the uk tabloids the judge cited with the royal and found he was the victim of phone hacking and other unlawful acts by reporters at the british mirror group which publishes the daily mirror. the judge said the tactics were used even wit