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and with the help of financing from capetus, you can meet all of your business goals because at capetus we finance the legacy builders, the creators, the freedom chasers, the opportunity seekers. at capetus, we finance small businesses. >> welcome to power lunch alongside kelly evans. you're going to see in just a second here i'm dominic chu. we've got a major tech sell off today nvidia getting crushed. china's deep sea says its large language model was developed cheaply and quickly. so maybe companies don't need to spend quite as much money on some of those nvidia chips. maybe marc andreessen calling this ai's kind of sputnik moment, the beginning of the ai race between china and the us. we're going to talk about the dangers. if the us does fall behind this race against china. and as part of the unwinding of that ai trade today, investors are pulling the plug, so to speak, on energy names. some of the last year's biggest winners are now taking a massive move lower on all that nuclear power generation kelly. >> to the tune of 20% or so. tom, thanks. let's look at the broader markets. th

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and with the help of financing from capetus, you can meet all of your business goals because at capetuscy builders, the creators, the freedom chasers, the opportunity seekers. at capetus, we finance small businesses. >> welcome to power lunch alongside kelly evans. you're going to see in just a second here i'm dominic chu. we've got a major tech sell off today nvidia getting crushed. china's deep sea says its large language model was developed cheaply and quickly. so maybe companies don't need to spend quite as much money on some of those nvidia chips. maybe marc andreessen

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at capetus, we finance small businesses. >> welcome back. >> have i got news for you returns february 15th on cnn. closed captioning. >> brought to you by book.com. >> if you or a loved one have mesothelioma, we'll send you a free book to answer questions you may have. call now and we'll come to you. >> 800 821 4000. >> new orders. president trump looking to reshape the military using his sharpie. this as the person set to lead this wave of change. change. pete hegseth arrives at the pentagon for his first day as defense secretary. plus, immigration sweeps and deportation flights. president trump's crackdown in full swing as federal agents conduct operations from coast to coast. we'll have the latest on those. and the fear it's building in these communities. >> and a deep sea freak out how a little known chinese startup is sparking chaos on wall street, rattling the foundation of artificial intelligence. we're following these major developing stories and many more, all coming in right here to cnn news central. >> today, president trump is expected to sign more executive orders to fulf

at capetus, we finance small businesses. >> welcome back. >> have i got. >> news for you. >> returns february 15th on cnn. >> all right. this morning, heavy rains in california are bringing threats of mudslides to areas that have been ravaged by the fires there. let's get right to cnn meteorologist derek van dam for the latest on this. good morning. derek. >> yeah john, here's the threat. so we've got such a dry arid ground, especially in those burn scars in near and near the palisades and eaton fire. but this volatility is brought to the forefront when we get the rain that has fallen recently. the much needed rain, but obviously too much for the slope to handle. remember, this is a really rocky kind of mountainous terrain in this part of southern california. here's the rainfall. there was this collective sigh of relief just kind of going through my twitter feed. we saw people just excited that it is raining from the sky. but of course, that brings a whole host of problems to the areas that have recently burned. now, the flood warnings that were in place across l.a. county, they've b

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at capetus, we finance small businesses. >> come in january 2025. founded by the stars of women's basketball, a new style of three on three six clubs. more action, more access, unrivaled. coming january 17th. >> all right. we do have breaking news. parts of los angeles and ventura counties are now under the highest level. red flag fire warning. dangerous winds expected to gust up to 70mph. officials warn the conditions could cause explosive fire growth. at this moment, firefighters are racing to contain a new fire that erupted in ventura county. let's get right to cnn's stephanie elam. she is in the hard hit pacific good morning, stephanie. >> good morning, john. and the good news about that auto fire that they're saying that they're able to stop it from progressing further, even though it is not contained yet. but this is exactly what officials want people to be aware of. the fact that we're going to see these stronger winds. and i can tell you it's starting to pick up a little bit here. we're going to see these stronger winds today and tomorrow. a

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capetus, we finance small businesses. >> i lay on my back, frozen, thinking the darkest thoughts, and then everything changed, dana said. you're still you and i love you. >> super man. >> the christopher reeve story february 2nd on cnn. >> all right. major developments overnight in the future of tiktok. remember, a ban is set to take effect sunday as part of a bipartisan law passed by congress and signed by president biden over concerns of chinese influence over the app. so the ban is sunday, but the new york times is reporting that tiktok ceo has been invited to donald trump's inauguration on monday. add to that, cnn has learned that the president-elect trump is looking into possible stopgap measures to keep tiktok from shutting down. all right. cnn's clare duffy is here. so much uncertainty. >> yeah, i mean, i think that's really the bottom line here is we're three days away from this ban, and we still don't know what's going to happen here if it's really going away or not. we still don't know how the supreme court is going to rule. we're now hearing that donald trump is trying to t

at capetus, we finance small businesses. >> 20 minutes before the top of the hour.d andrew saying, i got to get inside. it's really cold here. >> oh poor andrew. well, it gets cold if you're in 29 degrees. >> it's a man of beanie. >> i know a morning joe beanie would solve all the problems. >> okay, let's move on. >> not all the problems. >> a union representing 18,000 costco employees voted to authorize a strike. if the labor group and retailer do not reach a new agreement, the current contract expires on january 31st. union reps say they are pushing for fair wages and benefits, and cite the wholesale giants recently reported $254 billion in annual revenue and 7.4 billion in net profits. alaska is set to resume the aerial shooting of bears and wolves as a population control measure meant to boost caribou and moose herd numbers. the renewed program would allow hunters to eliminate up to 80% of the animals on 20,000 acres of state land. opponents call the practice barbaric and point to state studies that raise questions of its effectiveness. and champagne sales aroun