nice to have contessa brewer here taiwanese voters re-elect the ruling party despite china's warnings>> another controversial tweet from elon musk saying he wants more voting control over tesla or he'll take his great ideas else where we'll get to that. >>> first, let's get a check on the markets. the dow down .8% you have the s&p 500 off half a percent. the nasdaq composite off half a percent as well and boeing shares also falling today. look at this they're down 23% year to date. and off 8% today it accounts for a huge chunk of the dow's losses the company says the 737 max jets will require additional quality inspections. wells fargo downgrading the stock this morning, tyler. >>> apple also hoer and hurting the major arches it is cutting prices on the iphone and other devices in china amid more competition. concerns about demand in china also weighing on the stock there. so let's begin with china. and the fallout from the elections in taiwan, which went the exact opposite way beijing would have wanted. eunice yoon live from china right now with more. hi, eunice >> reporter: hey, tyl

she's contessa brewer, i'm dominic chu.oming up on the show, the two big things that markets are watching -- earnings and the fed. some big reports are out this morning. some huge names reporting this afternoon. and the biggest name of them all, jay powell takes the mic tomorrow afternoon. what all of that means for the markets. >>> plus, we're going to talk to the incoming jetblue ceo about that company's earnings and about the fight to get the merger with spirit approved. let's get a check on the markets first, though. the dow up nearly 100 points. the nasdaq lower by .8 of a point now. shares of u.p.s. lower after mixed results including missing revenue estimates for the sixth-straight quarter. also, announcing 12,000 job cuts as part of a billion dollar cost-cutting plan, dom. >>> check out super micro, one of the at least hottest stocks in the market right now up 80% just this month. after results -- analysts are coming out of the wood work basically in droves to raise their target prices on this company here. at least

so, the first question let's look at it on the tw year no yield, contessa. he gets 8:30 eastern, look a that spike it went up, up, up, two for 40 plus and then, within seconds, it disappeared! why did it disappear because it was the old one, tw punch. stronger growth, but easin pricing pressures. then, he was found to, fas forward to 1:00 eastern, where we had 41 billion seven year notes, if you look at that chart, you can clearly see, we had to pick. moving at the one before a third. you could even see a math chart, and then, at 1:00 eastern, w saw rates drop and it wasn't that it was spectacular seventh year, it was average. but it was the last option, an it was the only one between th twos and the fives of a sevens that was a smaller size than the biggest size they've eve done in that maturity. so, they had 41 billion, and 2021 we had 62 billion for abou nine months in a row, in tha covid related period and finally, look at a year to date chart of ten. we are up nearly 25 basi points exactly on the year it's been an up here, and real quickly, we are now u

contessa brewer, great reporting. comes back around, we will have you back on. >>> coming up on "worldwide exchange," the cloudy forecast from the ceo of google. >>> and if you miss "worldwide exchange" check us out on spotify or our podcast apps. stay with us more after this. to help you see untapped possibilities and relentlessly work with you to make them real. i think he's having a midlife crisis and i'm not.ssly work with you you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. >>> it is 5:30 a.m. in the new york city area there is more ahead on "worldwide exchange. here is what's on deck stocks trying to put a stop to the slide with the expectat

>> well, thank you, contessa.ly i would feel more comfortable in saying this one is a buy. i'll tell you because we have the demographic trends going on in the u.s. where we know we have an aging population. people are retiring more and more every day. and there seems to still be a demand obviously for services and products that unh provides to the marketplace. but at the same point in time historically, we've had these concerns about medical costs and concerns coming from other competitors in this space. unh has been able to work through the trends. the other point i'll make, we're moving into a period of economic uncertainty. healthcare stocks are really something that helped us weather through that storm and for a slowing economy. and the stock has appreciated over 7%. i think there are still some upsides to go. >>> finally, a look at birkenstock as they disappoint investors with their first post ipo. >> and in this one, i'm going with a sell. and we are still in a high interest rate environment. when you consi

>>> welcome to power lunch alongside contessa bridger with shaky nick on that steady cam. i am tyler mathisen. coming, up the feds favorite inflation gauge, the core pc rising slightly in at nearly 3 from a year ago. between that and credit card company results, we have som interesting consumer insight to dig into. more on that shortly >> you know, we laughed, but i was funny, he would've laughed and it would've shaken we have -- a strike in las vegas whic could threaten the biggest sports event in the year i more ways than one so let's get a check on th markets currently. you want to? that >> the dow was slightly higher, as you see there b 0.02%. that is really slightly higher the s&p 500 is down about fifth of a percent, the nasdaq down about 65 points importanc of a percent a number of names hitting ne 52-week highs. you have your meta, you have your netflix, you have raw stores, t.j. x and merck >> but on the negative side, you have intel issuing som weak guidance. there you are seeing it down 12%. or is that 2%? it is 12%, there it is it's right on the line, isn' it >

contessa? >> all right.bond yields react add bit to rally. yields's down a few basis points, stephen and glad people are reading through the friday number. >> steve, stay with us. more on data and bring in adp chief economist. you got, like, a head nod there from steve about the accuracy of the data how it compares to the bureau of labor statistics. give us a sense what this says about the u.s. economy. >> good morning. i think what we're seeing is a solid but slowing economy. you can see that in the jobs numbers. remember, january is going to be an active month in both of these indicators for the ner, and the bls number, because we both read benchmark to the qcuw to meet the number's representative. if you see through the technical update what you see is a labor market that is slowing, particularly in industries tied to services and white collar jobs. there's actually three different narratives going on in this labor market. there's the slowdown in manufacturing that we've seen for the last few months throu

contessa, thank you. contessa brewer.now is first mark cofounder rick heitzmann, an early investor in another online sports betting stock, draft kings. good to see you. >> great to see you down here. fantastic. >> so, how should we think about the flutter listing? because oftentimes, we tend to simplify things, draft kings, all the money will go to one of these two listings, is that the way to think about it? >> i think it's a validation of the market. we're seeing online gambling, i-gaming or online sports book, really growing in the market. there's 11 states live now, represents several billion dollars of market value and it's going to probably triple of quadruple over the next three years and that's going to open up opportunity for everyone. >> rick, you know, 2022, draft kings was trading ten bucks, it lost 80% of its value. the concern there was the spend to acquire customers, it was just an arms race. here we are now, it's up 300%, expected to maybe hit gap profitability next year. is the space led by draft kings an

contessa brewer is here with more. >> those guys get all of the attention and all this about the playoffs and super bowl, but i think the investors should also take a look at the tech companies that power these sports books genius sports is the data provider it makes licenses fees off the sports books it makes three times more on in-game bets it packages the football fees in the unique way with augmented reality. viewers can see the odds of the specific play. look at this and how much fun that is to watch especially if you want to put money on the game they can sell this to media companies for better audience engagement and sell it back to the teams which want more data to improve their own performance. >> ultimately, we are trying to keep our customers, customers on the platform longer. one way we are able to do that is by delivering them a product that is completely engaging and has integration and integrated stats and live odds and p components that fans want to see. >> it is a duopoly sport radar has deals with all of the other pro sports leagues and 90% of the sports books, michael j

and so when i went down to the extra city until contessa, it was pretty much empty. i was quite surprised because it's normally a place which is very crowded. it's a place where you put much of traffic jams. so apparently, the support of just the tv, the wind and mazda, as to the stadium, but the big pots of the society, the roger decided to stay at home. and how would you describe the, uh, the, the mood of the country since the controversial re election? on the one side they are and through the 65 people that are very into the sick. so if you watch the television, for example, if you'd speak with people in the government offices, but also with this a photo certificate, they really believe that this is the man will bring the country forwards. but if you talk to other people, especially in the poor and neighborhoods, many of them they receive these the elections, they didn't really trust all of the results. they said it was really to ortiz, but i would rather states general being that many people that have made the experience, that politics generally use some theft fo

contest up your -- contessa brewer is getting the guacamole ready.her side of the break. four oh no, a rash. maybe it'll go away. awww, how am i going to find a doctor i'll actually like? is that a qr code? dr. stafford makes you feel at ease. thanks rash! you've got more options than you know. book now. >> welcome to power lunch, everybody, alongside contessa brewer. dave calhoun basin questions about boeing safety procedures. elon musk facing investors as tesla reports after the bell. >> presidential politics, is trump-by linda siegel a certainty? if so, all of the big money that has been behind nikki haley, with the move to donald trump as he

i'm contessa brewer.ina senator tim scott will endorse donald trump at tonight's new hampshire rally, according to a source familiar with the plans. he will endorse trump over nikki haley, who appointed him for his senate seat in 2012. scott is the latest in a string of former republican presidential candidates who are supporting trump following vivek ramaswamy, who gave his support to trump monday. >>> the los angeles innocence project will take on the scott peterson case. peterson was convicted in 2004 of killing his wife, laci, who was eight months pregnant with their unborn child. he was sentenced to death a year after his conviction. in court filings, the project says new evidence supports peterson's claim of innocence, and they want to conduct dna testing to prove it. >>> the cdc is warning of a salmonella outbreak linked to products sold at sam's club and costco. about 50 people have gotten sick after eating certain charcuterie products from the retailer. ah, charcuterie, so popular over the holida

she's contessa brewer, i'm dominic chu.the two big things that markets are watching -- earnings and the fed. some big reports are out this morning. some huge names reporting this afternoon. and the biggest name of them all, jay powell takes the mic tomorrow afternoon. what all of that means for the markets. >>> plus, we're going to talk to the incoming jetblue ceo about that company's earnings and about the fight to get the merger with spirit approved. let's get a check on the

contessa brewer is standing by getting ready to join us here.ide ofhiquk ts icbreak. the dow down 320 we have more market coverage coming up. in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. [disconcerting stomach gurgle] not again. maybe i should get this looked at? [suggestive stomach gurgle] zocdoc? [talkative stomach gurgle] you're right, i bet they deal with this all the time. dr. finley really puts you at ease. let's do it! you've got more options than you know. book now. ♪ >>> welcome to "power lunch," everybody. nice to have contessa brewer here taiwanese voters re-elect the ruling party despite china's warn

but on the flaming jet -- it's unbelievable that anyone can survive that. >> contessa, thank you. >>>view from the c-suite. the conference board releasing its executive outlook for 2024, including the biggest challenges facing corporations across america right now. we will break down that list when "power lunch" returns. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“inviting pool”. come on over! too inviting. only at&t gives businesses our best deals on any iphone. get iphone 15 pro on us. (♪♪) ♪ >>> welcome back. a slate of new ceos starting their jobs today. companies from morgan stanley to costco getting new faces at the helm to begin the new year. and it might not be a particularly easy one. amid rising geopolitical tensions and the head of a potential election, concern about poli

. >>> let's move to las vegas stands, jumping despite missing profit estimates contessa brewer has a the numbers. >> luck was really at play here, or hold, how much the casino keeps of the mwagers made. they say the retail segment there surpassed 2019 levels. luck favors marina bay sands in singapore and the ceo called it probably the most valuable hotel building in the world. the high value customers, they came, they spent gambling up 339% over last year. in spite of a massive construction project there, and slow recovery in visitation from china. goldstein says plans for singapore will take it from $2 billion to $3 billion a year by the end of the decade. overall, you're looking at adjusted property ebitda at 94% of the same quarter of 2019, pre-covid. and yet, lvs shares over the last year, down 10%. on the call, sands coo and president patrick dumont said, yeah, right there, that's a buying opportunity so, lvs bought back a half billion dollars worth of shares, committed to buying $250 million in shares of sands china and ceo rob goldstein will join me for an exclusive interview

alongside contessa brewer, i'm tyler mathison.g up, the market rally hitting a roadblock as earnings really start to roll in. will that be what kills the rally, or will strong earnings add another log to the fire? >>> plus, real estate sticker shock. home prices so high that realtors are glossing over the eye-popping total cost, highlighting what you might pay for a down payment or perhaps the monthly payment. will it work to woo more buyers? >>> the dow falling for the first time, off by a third of a percent right now. you can see the s&p 500 is up a .1%. nasdaq come po sit up .37%. 3m, reported lower sales for the fourth quarter and guidance for 2024 didn't quite meet what analysts were expecting. tyler? >> all right. on the other hand, we have verizon, higher after beating estimates and reporting a jump in wireless and broadband customers. there you see verizon up nearly 6% at 4r 4188. stocks pulling back as the rally hits a wall while earnings ramp up. will earnings kill the rally or be strong enough to keep it going? our mark

alongside contessa brewer i am tyler mathisen.ts are higher once again today, up through the week, and three major average is now higher year to date after a bumpy start in 2024. >> the s&p has just hit a all-time high. it will very likely set a new closing record two hours from now. our eyes are on it and we are watching for the countdown. >>> and the nasdaq 100 also breaking, or hitting, an all-time high today. there you have the nasdaq 1.6%. >>> chip stocks, the biggest driver of -- the smh and the stocks etf are up more than 5% and this week. but is this rally based on, i mean i guess i would call it a parlay, is it a bit that might not actually commit? think about this, the first leg the fed will have to cut rates. it's far from guaranteed given strong economic data that we recently received. leg to, second part of the parlay. we have heard a lot about the 8.8 trillion dollars sitting on the sidelines, but even if rates on short term bonds and money markets fall, investors make still prefer their relative safety. >>> and like

cathy, sorry all to 0 contessa gregory them 10 go. soto is a former member of the u. n. a group of experts on democratic republic of congo. he says there are many concerns if the election was run of the fact that the opposition is decided not to go to the constitutional court, but to send it. support is out of the streets, does set things up for confrontation with the security forces. and we'll have to see whether they can mobilize significant numbers of people. this what i need to work is a strategy. if you get millions of people thousands of people, i would cut it any anyone's hiding. that'd be no mist problems with the conductive, despite i mean to have a type of 6 days to have the fact that these both are cards are many cases couldn't be read by the machines. so they did it manually. that electro rouse when published . they're not going to be publishing results by both things. station results from 11000. i think bating stations i took the 85000 haven't been received yet. so there are huge problems and there's lots of grounds, but we have room for the opposition to sa

election was rigged, and according for protests against the outcome, catherine solely reports now from contessa. as the guns are done in the midst your physics authenticity, these declaration does not come as a surprise president sit next to see katie quotes 12 medium votes. he's closest competitor moist petune, b 5, a 3000000 opposition. presidential candidates say the election was read 5. so think of some candidates use violence, vandalism, and corruption. they intimidated our employees doing voting. jane was to read the election in the favor. opposition only does say they will reject that outcomes and they will not even go to court because they believe the constitutional court is compromised. so they will take the flight to the street. some election observe is how raised concerns about how the portal was conducted. delays technical each is and now that you've regularities characterized the voting process. michigan, the most image should go to the electro commission president and his team must be arrested, which they've thrown in the country. it's just the right. that is why we have telling o

kathy saw you all just sierra contessa ariel strikes and shelling in southern and eastern ukraine have killed at least 5 people and the reports of the night strikes in west and the viz. local authorities in the full city of odessa say, a russian droned strike damaged a residential building, killing one person, and injuring several others. at least 4 people were reported killed during ukrainian shelling in the russian hill city of dun, yet the russian combat drones also target to the eastern new training and city of hockey is striking a hotel housing you're creating new to come on. there's at least 28 people have been injured as a big reports from keys to waive the russian strikes, talk to ukraine, 2nd largest city hockey authorities to address and strikes hit the center of the city late on saturday night. i mean, the, the hours of sunday the present russian made for us this new. yes. they adults, souls simply talk souls, they boom, residential areas. there were people here. how can one do such a things? the regional administration and excess of virginia infrastructure was damaged apart

i understand why it was up 61% in the past year there's a lot more to go >>> contessa brewer has a market flash. >>> i sure do. draftking shares close to a deal with barstool. sources said it would likely be something more like a traditional marketing partnership with barstool promoting draftkings not a total rebrand for the sports book ala penn gaming. penn owned barstool this time last year, sold it back to the founder for a buck penn paid more than half a billion for it it just wanted to move on to espn barstool had restrictions. an insider said, yeah, a marketing deal is sort of obvious and intuitive how much value is there draft kings up almost 4% it hit a new 52-week high on the news, scott. >> thank you for flagging that >>> coming up, more committee stocks are on the move tuivsuic, ades on freeport, inite rgalfisher and more i think i'm ready for this. heck, yeah! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. (applause) finally, we can eat. ♪ you know you make me wanna... ♪ and then we looked around and said, "wait a minute, th

. >> welcome to power lunch, everybody, alongside contessa brewer. dave calhoun basin questions about boeing safety procedures. elon musk facing investors as tesla reports after the bell. >> presidential politics, is trump-by linda siegel a certainty? if so, all of the big money that has been behind nikki haley, with the move to donald trump as he tries to retake the white house? but first let's get a check on the markets. the stock slightly higher. the nasdaq higher than a little less that 1%. there you are seeing the dow jones and the s&p 500 and half a percent it -- have a percentage. netflix getting a boost, helped by continued crackdowns on account sharing. that has been a big for them. >> boosting technology will be microsoft and meta. microsoft crossing the $3 million cab level. meta getting back above $1 trillion. >>> let's begin with the boeing ceo meeting with senators in washington to answer questions regarding the 737 blowout. the faa promises to take a direct inspection approach. and then on the ground tesla earnings after the bell have

kristina partsinevelos and contessa brewer have the key investors to watch. >> it's driven by the accessource software and now major investments in ai platforms, all within the last three years, and this upcoming earnings report will shed some light as it's sharing revenues from its data platform based on the cloud. analysts say this is a good push for ibm software business but they see more potential in its consulting business with its 20,000-plus strong staff they're desperate for help implementing these complex ai systems. call it a kconsulting ai uplift they contribute 75% of ibm's total revenues the street consensus right now expects full year 2023 software and consulting revenue growth to fall in line with guidance especially right now as you have companies cautious with their i.t. budgets they expect free cash flow to be slightly above the guidance level which bodes well for its cash flows. >> all eyes are macau. you know it ee been a year since they've fully reopened and yet shares of las vegas sands are down 12% it's as though investors have given sands no credit for macaw's reo

i'm mike santoli along with contessa brewer and roberts frank., and becky are off today. we mentioned the nasdaq is under pressure following some underwhelming earnings reports, i should say, from microsoft, alphabet, and amd. 100% decline. although interestingly it seems like it might be happening toward a rotation of nontech stops. s&p 500 you see down just a little more than half a percent. dow futures up and small cap futures also up. we also have a fed decision today. take a look at treasury yields

alongside contessa brewer, i'm tyler mathison. as earnings really start to roll in. will that be what kills the rally, or will strong earnings add another log to the fire? >>> plus, real estate sticker shock. home prices so high that realtors are glossing over the eye-popping total cost

. >>> welcome to power lunch alongside contessa bridger with shaky nick on that steady cam.coming, up the feds favorite inflation gauge, the core pc rising slightly in at nearly 3 from a year ago. between that and credit card company results, we have som interesting consumer insight to dig int

. >>> let's get over to contessa brewer for an update. >> the pga tour is on the brink of finalizing investment. the deal from the strategic sports group which includes the fenway sports group along with new york mets owner steve cohen and former milwaukee bucks color glossary, could have additional investment from the saudi public investment fund according to bloomberg. it could reportedly value the pga tour at about $12 billion. meanwhile, the white house announced $3 billion to combat homelessness today. the fund will go toward more than 7000 projects that provide housing assistance or support services for people who are unhoused. federal data released shows the count of homeless people in the united states is now at its homeless dutch highest record. suits just beat -- for most streamed in a year. 57.7 billion minutes streamed in 2023 according to nielsen. that eclipses the office 2020 record of 57 billion minutes. some other top shows last year were blue we, in cis, and gray's anatomy. gray's anatomy it would take you that long to get through -- how many seasons are there? >> i

just your own bad money, i am jim cramer, see you >>> i'm contessa brewer, right now on last call, a grab records. what are retail investors buying most. we have some surprising answers. >>> all in, fan duel's parent takes twitter ahead of the super bowl. >>> the man behind the decision will be here. >>> a major announcement from elon musk world and it has nothing to do with tesla. we

our contessa brewer is here at post nine. >> thank you for being here., you were standing there at the top ringing the bell. what an exciting morning. here's my question, if you're number one in market share, if your revenues are growing so substantially and you came out with a trading thaupts showed that, why does it matter? >> we're very excited to be launching on the new york stock exchange. i mean, u.s. business, the fanduel business, has been growing enormously in the last few years. to be able to bring the opportunity for u.s. ambassadors to buy fanduel and also buy international business, is something we wanted to do. we're delighted, i was delighted to ring the bell this morning. >> before i came up on set, i checked where the stock under the ticker symbol flut is trading, looked like it was about 208. what are your expectations for the way that this excites u.s. investors, institutional investors, but also, i know you've been missing out on a big share of earned media that draftkings gets because it's publicly traded. >> that's exactly why we wa