. >>> i'm courtney reagan and here is your cnbc news update this hour one of the worst blizzards to hitis dumping heavy snow from pennsylvania to connecticut. instead of closing schools the storm is shutting down vaccination sites and other pandemic-related services. in chicago public schools are closed over covid-19 concerns. mayor lori lightfoot delayed the start of lessons until tomorrow as talks with the teachers union remain stalled >>> and myanmar, the military has staged a coup detaining the president and senior politicians. military leaders have declared they will take control of the country for one year senate majority leader mitch mcconnell calls the events in myanmar, quote, horrifying and russia expanding its crackdown on supporters of opposition leader alexei navalny by putting his spokeswoman under house arrest over the weekend more than 5,000 people were reportedly detained in nationwide protests deirdre, back over to you. >>> courtney reagan, thank you for that brokerages continue to face backlash over trading restrictions on certain stocks calling liquidity concerns int

courtney reagan with us. stocks are down across the board. it looks like maybe the tech reckoning is really here this time nasdaq is down nearly 2%, as you see there. 1 2/3 there. technology one of the worst performing sectors bitcoin now, get this, back below $50,000. tesla falling along with it. losing its year-to-date gains. hear from a top analyst how tied to the crypto currency tesla's stock is there you see it down almost 4%. back after the earnings reports. crocs ceo with an exclusive interview. courtney, it's all yours. >> thanks, tyler great to be with you here on "power lunch." i'm courtney reagan and we begin with breaking news federal reserve chair jerome powell steve liesman joining us now with more. hi, steve. >> jake directly addressing two main market concerns on inflation and higher yields in his testimony on the hill. he made clear he does not see either as a reason to change the fed's easy monetary policy until the economy recovers more strongly from the pandemic >> it's amazing that we can continue to support the economy,

>>> all right, we've got a market flash on kraft heinz and hormel and courtney reagan has the details. court? >> hi will,there, tyler kraft heinz could be nearing a deal to sell its planters snack business to hormel the deal could be valued at $3 billion. this is according to sources close to the matter in this "wall street journal" report you can see shares of hormel higher by 5.5% kraft heinz off session highs now but still higher by about 0.6% on this report. you might recall that they're going through a process of divesting brands as consumer tastes have changed. although we know that there's been sort of a harkin back to nostalgia brands during the pandemic as well so perhaps a little bit of a confusion, should we get rid of them or not, depending how long the nostalgia lasts but shares higher for hormel and kraft heinz on this report tyler, back to you >> too early to say, but $2 billion for planters is not peanuts, right >> i like that one, tyler. >> all right good to see you again, court >>> coming up, more on the retail trading frenzy. will it take the stock market a more lev

thanks, courtney reagan. keep your eye on paypal today.an all-time high, the company's investor day kicks off. it happens at the same time where payments are pretty hot today. mastercard joining paypal and its move to crypto dan schulman is on "mad money. dad, i'm scared. ♪♪ it's only human to care for those we love. and also help light their way. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪ good morning! this is where everything started. the four way is engulfed in history. you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ ♪ ♪ ♪ ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> welcome back sa sales of zynga higher saying it's building a war chest for potential m&a. the c

i cannot wait to see you in person, courtney reagan and good to see you virtually. coming can up, 10 republican senators go to the white house, and no, it is not the start of an "saturday night live" skit, but it is the partisanship, and the huge divide of how much they want to spend on the stimulus to get anything done. and as we head to break, remember this important message. february is black history month, and we are honoring some of our cnbc contributors, and this is my friend showing the gratitude for trail blazers that came before. >> i think about the sacrifices that generations before us made to put us in the position that we are in now. i think about everyone who participated in the montgomery bus boycotts, and what they went through, and so whenever, i am feeling down, i remind myself that i am standing on their shoulders, and i have the obligation to push forward because they blazed such a path for me and you as well. folks the world's first fully autonomous vehicle is almost at the finish line today we're going to fine tune the dynamic braking system wh

julia, and bob and courtney reagan who definitely won that round. guys, i appreciate it. i don't know what to say, and that has never happened to me before. coming up on "the exchange" as we roll on from hero pay, and vaccinations as grocery chains are making sure that the workers bpasafe, but why do they have toe id to get vaccinated stick around. >>> all right. welcome back to the exchange. grocery store workers have been at the front line of the pandemic, and not all have been afforded the protection or recognition, and now we look at what is being proposed and how companies are responding. sarah? >> brian, in the height of the pandemic, stores like kroger and albertson's were giving the employees hazard pay, but now that the programs have ended a number of west coast cities are considering hero pay to make it law that they pay their employees more pay. and long beach, california s the first to do, and mandating $4 per hour extra, and the result is that kroger, decided to close two of its stores. kroger telling me that those stores were financially already underwater a

courtney reagan, apparently there is a giant market for $900 jackets. >> these things continue to be. they have not shown to be a fad. i sort of thought they might have been when we first saw these parkas really heating up in the market. china was really, really important to canada goose as to a number of other high end players during the last quarter. and even before that as china got hit with covid-19 first and then started recovering first, online though really important they also saw some nice demand in the stores. they doubled the number of stores they had previously over there in china i think it is pretty amazing that overall revenues grew almost 5% when we're still living in a pandemic world the company really leaning on line, brian. you talked about 39% revenues but wholesale actually wasn't so bad either or the director consumer when you're talking about the stores this is a pretty amazing story we should continue to follow as they continue to launch things like shoes going forward i don't know if the demand will be as hot but i wouldn't count them out seeing what they've b

now over to courtney reagan who has the cnbc news update. >> hi, dom this is what is happening at this former president donald trump's defense team says that the impeachment trial is a threat to the first amendment right to speech. trump lawyer michael van der veen says it is speech that is ordinary political rhetoric. >>> and today, there was joe biden trying to rally support for the $1.9 trillion relief plan. >>> justin timberlake is apologizing to janet jackson and britney spears. he has been criticized for not supporting janet jackson for the super bowl wardrobe malfunction, and also criticized in the "framing britney" documentary. >>> and also, pandemic bliss shows that you should book vacations. check out the news with shepard smith tonight to find out how to enjoy brief moments of bliss in these pandemic times. that is the cnbc news at this hour. >> so important in these covid times. thank you courtney reagan. >>> it is a wild week for the cannabis stock as they are the new target for reddit traders. and now, looking at the poster chiled for all of this tilray. monday, 16% rally

back to you. >> that's so heartbreaking it so much is. >> courtney reagan with the latest there we'lle a turn after that unfortunate and super sad story, degas. i want to talk to you about the moves that you've made i went through the others. you're sold paychex and you bought quantum and acon, talk to me >> we started looking at the portfolio and we saw we had some exposure to industrial services and we wanted to make a move towards the infrastructure and sustainability so quanta is involved in the distribution and transmission of electricity. they have just completed a major project in australia that they've put in a very large wind mill to generate electricity also we like the fact that they're one of the few companies that have invested in a college that's focused on this type of work, and so that's something else that's very positive, and what we really like is the backlog. they have a $15 billion backlog into 2021 and that's going to do them very well likewise, aecom. aecom is an engineering construction management firm and what they've done is that they've actually increased th

kohl's rejecting an attempt by a group of activist shareholders to seize the board courtney reagan has the details. hey. >> hi, melissa kohl's has been communicating with these four activists since december and it seas it's, quote, open to new ideas and will continue to engage with the advisors, legion partners and capital, but adds today is the first time the investor group has shared any details about their plans to create value. it contends its own plan covers much of the activists' ideas, except reconstituting the board. kohl's says that would, quote, disrupt our momentum and six new independent directors have actually been added since 2016 kohl's stock has grown more than 150% since it laid out its strategy in october of 2020. though, over a decade, the stock price really hasn't done much. margin and ebitda have declined recently but far from a retailer in distress. i'm not sure if we have a sound bite ready from one of the investors on today, but he effectively said, look, you're right, kohl's is not a retailer in distress as maybe some of the others are, but there's low hanging

. ♪ ♪ >>> i'm courtney reagan. here is your cnbc news update at this hour. biden administration plans to allow 25,000 asylum seekers into the u.s. so they can attend their immigration court hearings it is set to begin next friday nissan chairman carlos ghosn flee japan while awaiting trial on fraud charges are asking the supreme court to delay their extradition. a lower court ruling had cleared the way for them to be handed over to japan. three fox news anchors have filed motions to dismiss claims against them and their employer as part of the libel suit brought against them by voting machine company smart medic. they failed to specify defamatory acts. >> and j.j. watt has left the houston texans he and the team mutually agreed to part ways watt his one year left on a six-year $100 million contract that's your cnbc news update at this hour. back to you. >> that's a lot of money to walk away from. >> a lot. >> courtney reagan pete, you actually sold your calls, though, why >> yeah. i was in it for the trade, mel i love this name i feel like it is a little bit

. >>> i'm courtney reagan. here is your cnbc covid update at this house.tion effort continues to pick up. the cdc says the average is up to 1.3 million a day during the first month of availability, almost two thirds of recipients were women 55% were over 50 years old 60% were white the cdc says as the program expands,ist important to make anyone whoa eligible has an equal opportunity to get vaccinated today dr. fauch irexpressed the importance of getting vaccinated quickly. >> viruses cannot mutate in at the don't replicate. if you stop vac nation widely, you don't give the virus an open playing field, you will not get mutations. >>> the white house team also announced a $230 million government deal to buy at-home covid test ing kits back over to you, morgan and tyler. >>> we're at the highs of the session now. just a check on the market the s&p is up 1.8%, 3780 is your level there. the dow industrials are up about 1%, 323 points, and the outperformer again is the nasdaq compose i had, so a strong tear to the month of february the oil market is closing for

. >>> i'm courtney reagan. here's your cnbc covid update at this how should.he latest numbers from the cdc show that 46 million doses of the covid vaccine have been administered in the ivins, indicating the pace is picking up almost 35 million people have received one or more doses of those, 11 million have been given both doses so far most of the shots have been reserved for the elderly and healthcare workers, with some states starting to include people with underlying conditions on nbc's "today" morning show, dr. anthony fauci predicted when everyone will become eligible. >> if you look at the projection, i would imagine by the time we get to april, that will be what i would call, you know, for bert wording, open season, namely virtually anybody and everybody in any category could start to get vaccinated. >> right now the vaccine supply remains spotty, the mass vaccinate site outside dodger stadium will be closed tomorrow and saturday, because the city of los angeles expects it worn have enough vaccine to keep giving those first doses. >> courtney, thank you

that's after the break stay with us ♪ >>> i'm courtney reagan.at this hour for the second straight day, new covid cases in the u.s. have come in below 100,000, just over a month ago they peaked at 300,000. in less then a week after reporting 500,000 deaths in one day, the daily toll below 200,000 for two days in a row. >>> we are hearing from the world health organization team investigating how the coronavirus pandemic started in wuhan. at a news conference they said they are not sure how it started but they think it was transmission from some sort of animal they are confident, however, it wasn't accidentally released from a virus lab in the city >> so look, for example, at the wuhan institute of virology, and the states of that laboratory, and it was very unlikely that anything could escape from such a place. >> and in england all kinds of people, including television lords, are pitching in to help with the national vaccine program. "downton abbey's" hugh bonneville is helping in west sussex. >> that's fun. courtney reagan, thank you. >>> hiyzon

from endpoints to everywhere. >>> time now for cnbc news update with courtney reagan. what is happening at this hour. maryland has become the first state in the country to enact a tax on digital advertising and overrode a veto from governor hogan and the tax is likely to have legal challenges and watched by other states considering similar moves. >>> digital music company spotify says it will let employees work from anywhere after the pandemic that includes home, office, or a combination of both. the company will also allow more flexibility around locations so employees will be able to choose the country and city in which they work. >>> and italy has a new government, former european central chief mario drogge has techno crates and politicians from across the broad coalition and the new team will be sworn in tomorrow. that is the cnbc news update for this hour. back to you. >> thank you. >>> up next, manhattan venture partners joins us next, with the forecast for the rest of the year and the take on the big booming spacs. we will talk about that in a couple no one likes

that's such sad news thank you, courtney reagan. >> it is. >> we have got just about 30 minutes to gothe bell. look at where we stand in the markets. keep in mind we are coming off of the worst week for stocks since october. dow is up almost a%. s&p up 1.7, nasdaq surging 276%. game stop is down. big cap tech stocks are higher, every sector higher, too after the break, shares of streaming service fubo tvr also rocketing higher after wedbush pumped their stock higher. we will talk to the analyst behind the call next like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to moderniz

. >>> i'm courtney reagan and here is your cnbc news update this hour former president trump's defensese to the senate the presentation is expected to last four hours. president biden refusing comment on the trial, but saying he is watching for the outcome >> i'm just anxious to see what my republican friends do >> and you're not planning to speak with any of them >> no, i'm not >> the biden administration has launched a formal review of the u.s. military prison at guantanamo bay with the goal of closing the controversial facility this according to reuters. the agency says the president is considering signing an executive action on the matter in the coming weeks or months >>> and amazon is suing new york attorney general latisha james to stop the state from taking legal action over its early covid-19 response. james calls amazon'ssuit a, quote, sad attempt to shift attention away from what she describes as unsafe working conditions carl, back over to you >> interesting wrinkle there, courtney thank you very much. >>> jon, i was just thinking the contentious relationship between amazon

. >>> i'm courtney reagan. here's your cnbc news update at this hour.h that killed kobe bryant and eight others happened after the pilot flew into clouds. an apparent vials of federal standards and likely became disoperated. that's the conclusion of the federal safety investigators who have been studying the accident, the u.s. postal service posting revenues and packaged deliveries and 300 million in profits for the final three months of last year however, the post master general says the organization still pleased comprehensive reforms to address an operating model which is quote unstainable. >>> in india, hundreds of rescue workers continue to look for survivors from massive flooding unleashed by a glacier at least 31 people are dead and more than 165 are still missing. >>> and mary wilson, one of the original members of the supremes has died the group has five consecutive number one songs and motown's first successful girl group. mary wilson was 76-years-old dead re, back over to you. >> courtney, thanks for that let's turn back to bitcoin that's our

courtney reagan. >>> up next the big push for vaccines tractor supply is paying its team members to getalk to the ceo straight ahead. >>> plus the nfl season may have just ended but the battle over football media rights is just getting started. find out how high the bidding might go and when the league hopes to complete a new tv deal. that's later llg ren longinhe o"csi be." what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. we see breakthrough medicines getting to patients in record time. at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. new projects means new project managers. of critical vaccinations fo

back over to you, morgan. >> courtney reagan, thank you. >>> shares of aurora cannabis higher we'll divehe company says is omg xtboinne we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid. emerson. consider it solved. good morning! and improve this is where everything started. the four way is engulfed in history. you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ your daily dashboard from fidelity -- a visual snapshot of your investments, key portfolio events, all in one place. because when it's decision time, you need decision tech. only from fidelity. what day is it? these days it can be easy to lose track of things. did i feed you? but taking prescriptions shouldn't be one of them. cvs simpledose presorts your prescriptions into packets, so you know what to take when. delivered at no cost. is this clean? visit cvs.com. >>> welcome back shares of aurora cannabis moving higher let's bring in matt bot

home viewing scheduling platform called showing time the price tag $500 million in cash now to courtney reagan cnbc news update >> hi, andrew. here's what's happening at this hour in ft. worth, texas a massive crash has killed at least five people 75 to 100 vehicles piling up on an icy interstaut. the total number of injured is still unknown. >>> the biden administration is expanding sanctions on myanmar in response to the military coup there. it has black listed two top generals and six others and targeted three companies in the jade and gems sector >>> britain's prime minister says it is unacceptable china has banned the bbc world news channel. china says the ban is due to biased reports last week british regulators pulled the license of a chinese broadcaster citing its ties to the chinese communist party. >>> and a hacker's botched attempt to poison the water supply of a small florida city is raising alarms about just how vulnerable municipalities are to cyber attacks. watch "the news with shepard smith" tonight to see how the fbi is telling local authorities to get their systems up to snuf

. >>> i'm courtney reagan. here's your cnbc news update at this hour. a congressional panel says it is investigating three large meat packing companies for worker safety violations connected to covid-19 outbreaks at their facilities that reportedly killed hundreds of workers the firms are jbs usa, tyson foods and smithfield foods on the first day of black history month, american civil liberties union elected first black president ever debra archer will be just the eighth president in the organization's 101 year history. currently, she's a professor at nyu law school. >>> at the international space station, two nasa astronauts finishing up four years of power upgrades to the spacecraft they're also installing a pair of new cameras their work is expected to last 6.5 hours. back over to you, scott. >> thank you very much >>> the reemergence of the retail investor made possible by the lightning fast way stocks can be traded from just about anywhere next guest is a pioneer in the electronic retail space. he sold it in 2008 and now partner at senate hill good

courtney reagan with those numbers. and the bottom line earnings coming in at $1755 adjusted that was well above what analysts were expecting. revenues also stronger $1.02 billion. there is guidance for the current quarter and the full year current quarter revenue guide sans above expectations. earnings about in line then when you look at the full-year guidance, most of those numbers are also above expectations again we had a good beat here for this quarter so part of thatmay be accounte for in the full year guidance. you see here shares are lower by about 4.5% not immediately clear why because this is a a pretty strong report on the face of it. a quote here from the ceo notes that events like the solar witnessed attack back on november 2nd makes it all the more important for palato's networks to be able to deliver cyber security solutions for its client base. palo alto beating across the board with better than expected earnings but shares are down about 4% as we have seen from some other tech companies earlier this qua

. >>> oimt courtney reagan here is your covid update at this hour.e than 3500 covid deaths were reported in the united states tuesday. the 19th day this year the count has topped 3,000 they're off their highs, however, and new daily cases do continue to drop. >>> under tight security, world health organization investigators are meeting today to speak with scientists as the team tries to determine how the coronavirus started in the city more than a year ago >>> officials who insist the tokyo games will proceed despite the pandemic are beginning to announce rules for athletes and spectators they require mandatory face masks at all time and a prohibition on singing or chanting during events, and dr. anthony fauci is urging americans to stay home for the super bowl after a repeat in the surge after holiday gatherings >> as much fun as it is to get together at a big super bowl party. now is not the time to do that watch the game, enjoy it do it with your family or people that are in your household >> dr. fauci declined to predict which team will when on s

. >>> welcome back time for a cnbc news update with courtney reagan. >> here's what's happening at thisn. wisconsin, former pharmacist steven brandenburg has pled guilty to charges of trying to ruin hundreds of doses the covid-19 vaccine prosecutors recommend he get a sentence of about three to four years. >>> business software giant salesforce says most of its employees will work remotely at least part of the time even after the pandemic is over as a result, the company says it will trim office space in cities across the country. >>> the second impeachment of donald trump has begun the house prosecutors told the senators they must find trump guilty or risk inviting future presidents to misuse their powers without fear of accountability for more on the impeachment trial stick with cnbc and watch the news with shepard smith tonight at 7:00 p.m. eastern time that's our cnbc news update at this hour. sara back to you. >>> after the break, protecting the front line, grocery chains are offering incentives from hero pay to vaccine bonuses. not all stores are approaching workers in the same wa

courtney reagan reporting on that as well. >>> more from my sitdown with former ceo of g.e., jeff immeltng up. there is jonathan duskin he will be joining the "halftime report." there is jeff immelt as well we'll be getting a lot more. we sat down for about an hour. a lot to talk about. his new book coming out tomorrow called "hot seat." >> i am wholly unhappy about the narrative that has been created around the g.e. team i don't think it's been complete i don't think it's been fair and i think it's hurt a lot of people and i felt like a more complete story should be told i think in addition to that, david, you know, kind of today all leadership is crisis leadership, and i think to a certain extent this team and me, you know, went throu agh lot together that others can learn from, and i wanted to share that as well. when you've got a business, you don't want to worry about slow internet or confusing cybersecurity. so get comcast business internet with fast, reliable speeds, and add the advanced security of comcast business securityedge. it combines the speed you need with threat protecti

shares currently trading down about 5.6% ceo doug mcmillian will join cnbc next hour with courtney reagand don't go anywhere. wereacinwo a bk t you packed a record 1.1 trillion transistors into this chip. i invested in invesco qqq. a fund that invests in the innovators of the nasdaq 100, like you. become an agent of innovation with invesco qqq. ♪♪ shares currently trading down shares currently trading down hn resurface discussions of taxing the wealthy. ylan mui has the discussion. >> it boils down to this feeling you can make a lot of money on wall street without having to play by the rules. so one way to address that is to just get better about enforcing the laws that are already on the books. today democratic congressman row kahn is introducing the stop cheaters act to give the irs $100 billion over the next decade to go after big corporations and wealthy individuals. one study estimates about 30% of uncollected tabs revenue is due from the top 1% of earners this new bill would require the irs to audit half of individuals making more than $10 million, a third of those earning between 5

. >>> i'm courtney reagan and here's your cnbc covid update at this hour. new u.s. were recorded tuesday bringing the u.s. total to roughly the population of miami. the fda granted emergency use for a combination monoclonal anti-therapy by eli lilly that can be used for patients with mild to moderate covid symptoms. and there is still snow on the field, so there probably won't be any baseball in queens. starting today, the home of the new york mets will be host anything around-the-clock mass vaccination site as well as taxi drivers and delivery workers back over to you, david. >> i am looking forward to when there is baseball on that field as well, although, big use for it now thank you. let's go over to our meg terrell, ceo of teva pharmaceutical >> david, thank you so much. corey schultz joins us great to see you let's start with your earnings and the stock reaction the stock was up on your beat for the quarter. what's turned it around? what feedback are you hearing from investors >> good to see you, megan. i really don't know, i haven't heard anything from invest

the facts, the truth, "the news with shepard smith" 7 eastern cnbc ♪ ♪ >>> i'm courtney reagan here isby "the associated press" found more than 9,000 recovering covid-19 patients were sent to nursing homes in new york state. that's 40% more people than reported by state health officials. the "new york post" reports an aide to new york governor cuomo said figures on the death toll and nursing homes were withheld. nbc news has not been able to verify the report. a cuomo spokesman says the state cooperated with federal covid-19 data gathering efforts. >>> and nevada has laid out plans for easing covid-19 safety restrictions starting monday indoor capacity limits will be raised to 35% for casinos, restaurants and indoor businesses if covid trends continue to improve, limits will be eased again on march 15th. >>> and japan has received its first doses of coronavirus vaccine, enough for 185,000 people however, shortages of specialized needles means thousands of those doses may end up getting wasted. david, that kind of breaks my heart. back to you. >> yeah, not a good thing when that happens

reagan to welcome all these changing family dynamics. they were there to welcome my first my son taylor and my second my daughter courtney. and my third my daughter paid and my fourth my daughter jocelyn at which point mrs reagan one day pulled me out into the hallway and she said peggy you know how this is happening right not really a conversation i want to have with the former first lady but yes four and no more so the family was complete but it was great over the years to be able to interact with the reagan's casually up at their house there was nothing like looking over at ronald reagan pushing my son stroller through the la zoo flanked by united states secret service swimming in the pool celebrating birthdays and halloween and christmas together let's and for my kids they grew up thinking this was all very normal. my son would look at me in the evening and i've got a black tie dress on and he would look at me and say mommy. are you having dinner tonight with daddy or the president? and then when the office kids would get together, they would say okay, you'd be the first lady ub secret service and they'd talked to thei