davos, switzerland and back with us to break down what we just heard, nbc's kelly o'donnell and christine romans. so, christine, first, a lot there. any obvious fact checks we need to get out of the way? >> well, he's talking a lot about inflation in the united states. and just just a fact check, their inflation was much higher in the 80s when donald trump was in his 30s. that was 14% inflation. we're back down to 2.9%. but the sting of inflation is one of the things that really got him into office. and he's pledging that his policies will lower inflation. he's he's asking opec to start pumping more oil to lower gas prices. he said oil prices that would that would end the war in ukraine. that would lower prices of just about everything. so you're hearing the president talk about his plans on a global stage. also, he would like to cut, you know, corporate taxes in the us all the way down to 15% and saying to these countries and these companies, hey, make your stuff here and you won't have tariffs, you'll have a really low tax rate. otherwise we're going to fight back. >> i mean, on the issue of t

joining me now, nbc news senior business correspondent, christine romans. christine, i just left off talking with bruce about what it's going to take to get people back. you have been doing some digging into how this process is going to unfold. what can you tell us? >> it's going to be slow, and it's going to be some pretty impossible math in many cases. i'm looking at these numbers that i wanted to tell you about, katy. over the past decade, california has had $70 billion in insured losses from 40 different wildfires. and when you look at it, that's a lot of money. this will rival all of that, probably, and when you look at every dollar of insurance premium that the insurers got from california, they paid out $1.08. people have bare bones insurance policy or may not have an insurance policy or they're insured through the insurer of last resort through the state of california. there's been an insurance crisis in california and other parts of the country as well, with big insurers pulling out, and this will be a real test of what the rebuilding is going to lo

. >> let's go to nbc news senior business correspondent christine romans.mean for all of us? >> your next billing cycle will be about $2.50 more if you have the main account, $17.99. if you have the ad-based account, that goes up from 6.99 to 7.99. the premium account, 24.99. they didn't ha a price hike last year, but they hinted they would be raising prices. >> it feels like they're not the only ones. this is happening with a lot of streaming platforms. >> last year the major players raised their prices. in the case of netflix, the issue is they're investing in live sports. you saw two nfl games on christmas, the beyonce bowl, the big mike tyson fight. 108 million people tuned. now they have monday night raw, that is wrestling and it's really popular. there could be new subscribers. 19 million people signed up, never been that many people sign up for netflix. >> how do we bring down the monthly cost? it's a lot. >> aside from canceling and reading a book, if you want to keep your streamers, look at what you got and assess what's the most important for you.

joining us nbc news s seor business correspondent christine romans.es president trump's economic situation this time ompared to the one in his first term. >> day one and he has been here before. the end of the first term inflation was 1.4%, zinhle. the economy was a huge, biggest in the world $22 trillion. today you have inflation higher than that. one of the reasons why he was elected president. 2.9%. the economy bigger, $30 trillion. that is a huge big growing economy. he has promised aggressive tariff tax cuts, deportations, deregulation. he didn't announce any tariffs yesterday. a framework that should come sometime down the road we are told. >> of course, a lot of the trump's election was the economy and what is -- what are the first 100 days set to look like? >> sure. we got a lot f indication of that yesterday. you know, emergency at the border, emergency for energy, a lot of energy unleashing energy resources, and then these are really the four cornerstones of what he promised for the next administration. what would that look like? let's talk

. >> joining us now nbc news senior business correspondent christine romans february 1st. d happen. i was talking to a member of the trade team earlier today who said, basically, it's not it's not if, it's when and how much, and they have a framework in place to look at the causes of america's trade deficits and figure out how they're going to impose them, pointing out also that they imposed them in the first administration, and the biden administration kept them even added some on strategic imports from from china. and team trump, i think, is for sure going to be put on putting on tariffs later on. >> are they going to be watching the markets though, because the markets reacted really positively today? >> you know, it's interesting because you know that donald trump loves to take credit for record highs and take credit for economic numbers. but he has been steadfast that the cornerstone of his economic policy is going to be tariffs. he thinks america is ripped off and are treated like suckers around the rest of the world. and for him, tariffs are high. >> is it your sense

that will be a real problem. >> christine romans, thank you so much. >>> and the number one priorityifference between life and death. there are things you can do to prepare and stay safe during a wildfire. joining us on set, dr. john torres. dr. john, we heard from dana earlier how difficult the air could be to breathe. to talk to us about the effects of smoke and the pollution that follows. >> i had to vok wait in colorado. it's amazing how much particulates are in the air. that's what you want to avoid because they can cause problems. first and foremost, avoidance is the biggest thing. get up wind, away from it, perfect. if not, there are things you can to. these n95 masks, they don't work as well as respirators but work pretty well. this has the ear loops. if you have behind the head loops those work better. the wet bandannas don't work. and the other thing, yoyou don' want to exercise, breathe deeply in these situations because those particulates are very small, get deep in the lungs and might cause problem. >> quality coverage matters. i imagine the risk difference by person and

nbc's christine romans is following this for us. , this isn't a simple question, but trump 2.0. yeah. what does this agenda look like? he's made a lot of promises. and it's an aggressive, ambitious agenda. and he comes in, you know, having been in this job. >> before right. >> when he left office, the first term. >> inflation was just 1.4%. it's one of the reasons why so many people voted for him. again, they want to see a number like that. the economy, $22 trillion was the size of the economy. we left office. it's even bigger. the economy is strong. rolling along with that inflation number, something people would like to see lower prices. and he's trying to promise that he will lower prices. so among the things that he has said he will do aggressive tariffs, tax cuts, deportations, deregulation we've got some of that yesterday. he hasn't started the tariffs yet though. he started the clock ticking on tariffs and made a framework. now many mainstream economists will say it. tariffs especially big ones could mean more inflation could

let's bring in nbc news senior business correspondent christine romans. licyholders, a california based nonprofit consumer group. thank you both for being here, christine. i know you've been looking into the estimated economic damage of these fires. what can you tell us? well, the numbers will be big. i mean, 20 billion, this first estimate that's just insured losses. there will be tens of billions of other damages that won't be covered by any kind of insurance. >> and already there was an insurance crisis in california. and here you look, over the last decade, some $70 billion in insured losses. and chris moody's says that of every dollar in premiums that the insurance companies collected to cover those properties, they had to pay out $1.08 in in damages. >> so you can see that unsustainable math just doesn't work. >> and it's one of the reasons why climate change and extreme weather is raising insurance premiums for everyone across the country. >> so, amy, this morning, california's insurance commissioner talked about what is being done to protect homeow

live sports. >> christine romans, thank you.epartment getting a new mandate when it comes to his immigration crackdown, what it means for state and local officials who are hoping to challenge the president's new policies. stay close. more chris policies. stay close. more chris jansing reports just after this. ever feel like a spectator in your own life with chronic migraine? 15 or more headache days a month, each lasting 4 hours or more. botox® prevents headaches in adults with chronic migraine. in a survey, 91% of users wish they'd started sooner. so why wait? talk to your doctor. botox® effects may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away as trouble swallowing, speaking, breathing, eye problems, or muscle weakness can be signs of a life-threatening condition. those with these conditions before injection are at highest risk. side effects may include allergic reactions like rash, breathing problems, dizziness, neck and injection site pain, and headache. don't receive botox® if

christine romans overseas this morning.learning about phase two discussions in the cease fire between israel and hamas. plus, the legal battle over plea deals for three men accused of for three men accused of planning the nine over 11 ever feel like a spectator in your own life with chronic migraine? 15 or more headache days a month, each lasting 4 hours or more. botox® prevents headaches in adults with chronic migraine. in a survey, 91% of users wish they'd started sooner. so why wait? talk to your doctor. botox® effects may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away as trouble swallowing, speaking, breathing, eye problems, or muscle weakness can be signs of a life-threatening condition. those with these conditions before injection are at highest risk. side effects may include allergic reactions like rash, breathing problems, dizziness, neck and injection site pain, and headache. don't receive botox® if there's a skin infection. tell your doctor your medical history, muscl

thank you, christine romans. up next, the nominees are in.rose this morning, hollywood was up in full force for the oscar nominations. saturday night live's bowen yang and actress rachel sennott announced the short list of hopefuls before the big night in march. and nbc entertainment correspondent is here now to break it all down for us. chloe, walk us through the picks. >> hey there anna. >> well, first let's talk about amelia perez. this netflix movie is leading the way with the most nominations. 13. and this is setting a record. >> for the. >> to record for a non-english. >> language film. >> that surpasses. >> the previous. >> record holders. >> like crouching. >> tiger. >> hidden dragon and roma. >> and karla sofia gascon, who stars in this film. she is the first. trans actor. >> nominated for. >> an oscar. >> so this. >> is. >> a very big moment. now i want. >> to. move over to the brutalist. >> and wicked, which tied. >> with ten nominations. >> this is a. >> movie that people. >> have their eyes on. it's over. >> three hours long. >>

nbc news senior business correspondent christine romans is here. christine. so no tariffs just yet.about the president elect's or now president trump's first economy related actions? got to get used to saying it again. and what else are you watching for, christine? right. >> it's the beginning of a new administration and administration that we've seen before. and this is a president on it, as you know, who has promised again and again big tariffs on day one. this is a cornerstone of his economic policy. and he didn't do it yesterday. but he did lay out a blueprint an america first trade policy, a blueprint, a foundation for what they intend to do. so in the days and the months really ahead, the president and his team are going to analyze the china, mexico, canada and figure out how they will impose tariffs, how big they will be and on what items. so that is something that is still tbd on the president's wish list here to help contextualize this moment for us, how does president trump's economic situation stack up this time against what he faced in his first term? i think there are a

nbc senior business correspondent christine romans is here with me.ut these egg prices. i was telling people i bought eggs yesterday on my way home from work. sticker shock. yes. >> how much were they? >> 850. >> wow. yeah. on the coast, they're more. i mean, i've seen them seven and $8 in california. i've seen them very expensive here. that's the national average, but that's an average. >> i need to go back to ohio in my home state. i'm sure they're more like four. >> that's the national average. and they're so high. it's been two years this has been happening. this bird flu crisis is just not showing any signs of abating. you've had another 13 million birds infected over the past just 30 days. so we're in the thick of this health crisis in these flocks. and that is meaning that there's a shortage of eggs. at the same time, over the holidays, there was huge consumer demand. people celebrated over the holidays. they baked, they went out. so suppliers are telling us there was a big supply issue because of bird flu and a demand issue because people want

. >>> but, first, christine romans is exploring the skyrocketing prices for eggs, orange juice and otheres. hey, christine. >> good morning. you know, it's breakfast sticker shock. the most important meal of the day might be the most expensive. i'm going to tell you how to get around some of those skyrocketing prices at the grocery store after the break. talk with them about vaccines. what you all did five months ago... mr. milchick: was one of the most painful moments in the history of this company. our message got out, he said we're famous. all of us equally or one of us is like the star? what did you see? my outie's wife was miss casey. ♪ if you want to find out what happened to her, i'll help. ms. cobel: she's still alive. you should've left. i want to see my wife. ♪ this is steve. steve takes voquezna. this is steve's stomach, where voquezna can kick some acid, heal erosive esophagitis, also known as erosive gerd, and relieve related heartburn. voquezna is the first and only fda-approved treatment of its kind. 93% of adults were healed by 2 months. of those healed, 79% stayed healed

. >>> first, christine romans is in the studio with everything we need to know about the newest price morning, guys. streamer sticker shock. i'll tell you what an extra $2.50 a month is going to get you at netflix. long-lasting eylea hd could significantly improve your vision. more people on eylea hd had no fluid in the retina compared to those on eylea at 4 months. eylea hd is the only wet amd therapy that helped 8 out of 10 people go up to 4 months between injections after 3 initial monthly treatments. if you have an eye infection, eye pain or redness, or allergies to eylea hd, don't use. eye injections like eylea hd may cause eye infection, separation of the retina, or rare but severe swelling of blood vessels in the eye. an increase in eye pressure has been seen. there is an uncommon risk of heart attack or stroke associated with blood clots. the most common side effects were blurred vision, cataract, corneal injury, and eye floaters. and there's still so much to see. if you are on eylea or a similar type of treatment, ask your retina specialist about eylea hd today for the potent

christine romans has everything we need to know from the people who are moving to those all-importanthis. e day... and jam in aruba another. followed by amazing meals when you're back on board. oooo la la. but there's more! and did i mention the unlimited drinks? i love more. (person) shhh. (man) sorry. experience me with norwegian! ♪ as the people you love get older, their risk of severe flu and covid goes up. last year alone, those viruses hospitalized nearly 1 million people 65 and older. that's nearly 1 million moms, dads, favorite uncles, and grammas. if someone you love is 65 or older, talk with them about vaccines, because to you, they're not just another number. next! ♪♪ smiling first can help -next! someone find the courage to do the same. upset stomach iberogast indigestion iberogast bloating iberogast thanks to a unique combination of herbs, iberogast helps relieve six digestive symptoms to help you feel better. six digestive symptoms. the power of nature. iberogast. [rattle of barista pouring coffee beans] the power of nature. [grinding noises] [bubbling water] [people sof

nbc news senior business correspondent christine romans has it covered from interest rates to the mostuy. >> new year, same old real estate market. high mortgage rates, scarce inventory and the worst affordability in two decades that plagued housing could linger into 2025. there were some signs of life late last year with pending home sales rising four months in a row through november showing the first hopeful signs of thawing in the two-year long deep freeze in real estate. for some buyers experts say they are recalibrating expectations, deciding they can't wait for lower mortgage rates to move. particularly in the south where more houses are available and jobs are plentiful. pending home sales jumped 5.2% in november. in the west and midwest sales stalled out. the northeast sales declined. and as mortgage rates again march towards 7% to the end of the year, mortgage applications plunged 22% in december ending the year on a sour note. granted, december is typically the slowest month for home buying activity, but hopes in recent months that mortgage rates are headed back to the 5% rang

joining us now, nbc news senior business correspondent christine romans, chief white. >> house correspondent. >> for the new york times and msnbc political analyst peter baker, and the president of the council on foreign relations, michael froman. he served as the u.s. trade representative in the obama administration. christine, i'm going to start with you on this. >> it was. >> a quick back and forth between columbia and president trump over the weekend. and, you know, it worked in donald trump's favor. is this what we should expect for mexico and canada. >> going forward? >> the wall street journal's reporting that he's already talking about a 25% tariff on those two countries. >> yeah, he has. >> called himself tariff man. >> he is not. >> all bark. >> he is all bite. >> and he will. >> impose tariffs on these countries. >> and a lot. >> of people think it's going to happen, at least for canada and mexico come saturday, that this is going to happen quickly. he doesn't even have his trade team. >> in place yet. >> i mean, you know, confirmed the commerce secretary and his u.s. trade repres

christine romans joins us now with more.ause they are higher today than they were a year ago. what is going on there? >> yeah, they have been creeping up in recent weeks. gas prices rose again overnight. they're up a nickel from last year. of course, all last year, we kept saying gas prices are lower than a year ago. in recent weeks, they have been rising. they have risen about a dime over the past month. a couple things happening here. there are concerns or talk of more sanctions against russia for its war in ukraine. that is something that lifts prices in the global market. and also, concerns and talk about tariffs. president trump's tariffs, were he to put tariffs on imports from canada and mexico, there's canadian crude that comes into the united states. could there be a trade war that would engulf some of these really important commodities that are crossing borders and of course all of that global markets are anticipatory, so this is why you're seeing an upward drift in energy prices and gas prices. >> and i have to tal

joining us, nbc news senior business correspondent christine romans.a number on it because homes are burning down as we speak. >> and the loss of life is priceless, it's terrible. it's the sad math of natural disaster and this is something we have gotten better and better at over the past years as the fire seasons have lasted longer, the hurricanes have been more intense. one natural disaster after another has been worse and worse, and the insurance industry has been really in a crisis trying to grapple with this new reality here. so early yesterday, you know, jpmorgan basically forecasting there was 10 million of insured losses, pacific palisades and the first fire. but three fires have exploded since then. these numbers will definitely grow and change. some of the folks this morning, who i have been talking to in washington and on wall street pointing out there will be an epic rebuilding that will need to happen in the world's fifth largest economy. california is the world's fifth largest economy. the tens of thousands of skilled and unskilled worker

nbc's senior business correspondent christine romans all over this one. ristine, good morning. >> reporter: good morning. this app called deepseek is making tidal waves in the tech industry, and this breakthrough raising serious questions about where the u.s. stands in the global a.i. race. this morning the a.i. arms race now affecting your wallet as a new technology from a small chinese lab sends big u.s. companies reeling. deepseek, a chinese company, released a virtual assistant fueled by artificial intelligence last week. it quickly climbed to the top of the apple app store fueling a dramatic sell-off of a.i. stocks yesterday. >> it is mind blowing and it is shaking this entire industry to its core. >> reporter: president trump saying companies should be on notice. >> the release of deepseek.i. from a chinese company should be a wake-up call for our industries that we need to be laser focused on competing. >> reporter: deepseek says its models perform as well as a.i.'s biggest companies and is much cheaper to make saying it spent $5.6 million training

let's bring in cnbc's dominic chu d nior business correspondent christine romans.you tell us about how this might affect the price of natural gas in united states? >> reporter: sure. we are already seeing the price of natural gas rising sharply. it hit a peak over the last couple of days here not just because of the ukraine and russia treaty or that agreement expiring, but we are getting seasonably colder times of the year this time around and on average here in the east coast of the u.s. the forecast for the first half of this month is to get colder temperatures than normal as well. you factor in ukraine, russia, gas supplies, the colder weather season approaching, the u.s. east coast have in colder weather in the next few weeks as well, and all of a sudden, you have this perfect storm -- no pun intended -- for natural gas prices. the question is whether those prices stay elevated. to be fair, they hit the highest level in the last two years demand in the back half of january into february and march could have a more tempering effect if those weather patterns get

and senior business correspondent, christine romans, i will start with you.e already insurance companies pulling out of some zip codes that a lot of folks who might not even have insurance this morning when they are waking up here, california coming in with a last resort. that will be tested for sure. people around the rest of the country will see their own insurance premiums rising. we are talking extreme weather. everyone's insurance rate premiums have been rising for years so i would say this is a tipping point. in california over the past decade insurance for every dollar in premiums they paid out a dollar rate but that does not work. >> you have talked to business leaders and industry leaders. how do they see that going? >> reporter: it is possible part of this country if not the entirety will see how long this goes. there quote unquote uninsurable. you talked about the math that does not add up. you could have huge premiums but the question is are americans going to pay those premiums? what will be the role of government in all of this to prevent these

with a closer look and what's being done about, nbc business correspondent, christine romans. i know everything is like -- gas prices and eggs, that puts it -- a fine point on it, and they are going up. why? >> gas prices crept higher again overnight, up about a nickel from where they were last year, but they're up a dime over the past month or so, creeping higher because of concerns about new sanctions against russia because of its war in ukraine. that has kept gas prices overall elevated for some time, and also tariffs, the threat of tariffs. u.s. imports an awful lot of dirty crude oil from canada that is refined here and then sold to american drivers as gasoline, so if you have big tariffs on energy supplies, would that be something that could keep raising prices? it's a big global market, remember, so watching that to see if it still keeps rising. >> so that's gas. let's talk about eggs for a moment. it seems egg prices have been going up for some time now. what's going on with that? >> this has been a two-year crisis, a bird flu crisis. you have an awful lot of birds tha

also, nbc news senior business correspondent christine romans.nding a bit like eisenhower warning the military industrial complex back in january of 61, but specifically on the issue of ai. he warned about that, too. those warnings are going up against a group of leaders in silicon valley that have this almost absolutist libertarian view that government can have no role in in helping to manage and regulate and, and, and sort of trim some of the most extreme elements of what may be the most powerful technology that mankind has ever faced. well, look, i think we're we're in this sort of unique moment when it comes to ai. interestingly, a number of the folks who are running these institutions now have the ear of the incoming president in a major, major way. many of them actually have called for regulation, including elon musk and sam altman and others. and yet it is unclear whether congress, whether the senate, whether washington understands enough and can reach some consensus on what regulation of these institutions really is. i think there's been

also, nbc news senior business correspondent christine romans.dustrial complex sounding a bit like eisenhower warning the military industrial complex back in january of 61, but specifically on the issue of ai. you warned about that too. those warnings are going up against a group of leaders in silicon valley that have this almost absolutist libertarian view that government can have no role in in helping to manage and regulate and, and, and sort of trim some of the most extreme elements of what may be the most powerful technology that mankind has ever faced. well, look, i think we're we're in this sort of unique moment when it comes to ai. interestingly, a number of the folks who are running these institutions now have the ear of the incoming president in a major, major way. many of them actually have called for regulation, including elon musk and sam altman and others. and yet it is unclear whether congress, whether the senate, whether washington understands enough and can reach some consensus on what regulation of these institutions really is. i

>> all right, let's bring in our senior business correspondent, christine romans, for more on presidenttanding and these eos soon but the point is that they want to unleash america's energy resources, reliable and consistent energy resources. i think you're going to hear about alaska. we heard from incoming white house officials earlier today that they really want to be able to unlock natural resources. mining minerals and also energy in alaska, and that, of course, has been something that the biden administration has tried to limit the a amount ofeasing oil and energy on those lands. i think you'll also hear about what the new white house calls the ev mandate. they want to make it so that american citizens don't have to think about their showerheads, their light bulbs, some of these things you've heard trump on the campaign say many times that americans are being pushed into energy efficiencies unfairly, so you'll probably hear more about that, and we're expecting a memorandum of understanding on prices and getting prices down. so, not necessarily an eo, an executive order on prices, b