. >>> to courtney reagan now for the cnbc news update. courtney?ng to have to send it back to you guys right now. >> no problem. court, we'll come back to you as soon as they tweak the audio. we appreciate it. courtney reagan standing by in headquarters. >>> after the break, everyone talks about tech dominating the nasdaq. bio tech delivering massive gains. pretty massive. december marked the ibb best month since the pandemic since april 2020. more ahead in that sector in "power lunch." that first time you take a step back. i made that. with your very own online store. i sold that. and you can manage it all in one place. i built this. and it was easy, with a partner that puts you first. godaddy. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ >>> welcome back to "power lunch." i'm courtney reagan with your cnbc news update. we'll try this again. secretary of state antony bl

scott, back over to you. >> courtney reagan. >>> up next, the state of the semis.texas instruments on deck with its own earnings. kristina partsinevelos with the setup for us, how the committee is playing the chips they've been ripping. we'll trade it next. (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. about two years ago, i realized that jade was overweight. i wish i would have introduced the fresh food a lot sooner. after farmer's dog, she's a much healthier weight. she's a lot more active. and she's able to join us on our adventures. get started at betterforthem.com >>> we're back watching shares o

i am courtney reagan in today for scott wapner front and center this hour, the resurgence of the tech trade, hitting a new record intraday high we'll debate with the committee. joining me is liz young, josh brown, kari firestone and bill baruch bill, these are some of your largest positions, and names we've focused on a lot there's so much happening in the space, so much change and a lot of nuance. how are you playing the space? educate investors that might be new to what's happening in the chips space, maybe particularly with ai. >> they are large positions. everybody is looking for rotation we haven't been ready for that yet. i think there will be a real good stretch here. what we've seen is gpus being brought to the consumer recently, we're seeing gaming start to take off. the hyper scalers like apple and microsoft and alphabet are monetizing ai which means they'll demand more gpus, more money coming to the amd and nvidia they will meet expectations, probably exceed expectations the stocks are not -- nvidia especially -- is not an expensive stock right now. >> taiwan semi reported.

cnbc's courtney reagan joins us. >> hi. irs rolling out a free option to file tax returns this year. residents of a dozen states able to submit federal tax returns directly to the agency at zero cost if they meet certainly criteria. several hundred thousand taxpayers will participate in a limited pilot. irs yet to announce the start date to file 2023 taxes. >>> tesla is recalling 1.6 million vehicles in china for the same issue that forced recall of 2 million cars in the u.s. last month. chinese regulators say that the misuse of the assistant driving feature could increase risk of a crash. just like in the u.s., tesla offering updates to fix the issues for free. >>> and if you have a tactile keyboard on your iphone, who doesn't? a new case featuring a keyboard reminiscent of the blackberry about to be released. selling it for the iphone 14 and 15 pro for $139. the cases will be unveiled at the ces straight show next week. i miss that. have to look into that for my phone. >> and tactile? i like sound on. hear the clickity cl

courtney reagan, why don't you tell us more.solutely, a lot of these have to do with retailers presenting at the ice your conference in orlando. let's go through some of them. crops, biggest mover up 20%. better than expected fourth quarter revenue, company executives also called 2023 a year with sheer gains, also successful holiday season. but barn, up 7%, city calls its quarterly pronouncement better than feared. it's icrp than patient showing comps improved in december from november. promotions also remaining in check. american eagle, raising its fourth quarter guidance on record holiday sales. also raising revenue and operating income guidance. those shares up 6%. five below, reaffirming quarterly earnings and revenue guidance. but failing to top expectations for those. shares down about 4%. just go, that's the company that owns journeys, a couple under international retailers. it cut its four-year guidance saying holiday sales decelerated after a strong start to the season. shares there are down. they were down 2%, they hav

i'm going to join courtney reagan on power lunch, which picks up coverage after this quick break.minutes away from the big fed rate decision. we will see you on the other side of this. 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. (♪♪) awkward question. is there going to be anything... leftover? oh, absolutely. [inner monologue] my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower what's next. >>> welcome to power lunch, alongside courtney reagan, i am dominic two, and we are a few minutes away from the feds big rate decision. courtney, 3 1/2 minutes, just about. >> very exciting. let's get a check on the market ahead of that. the dow, basically, flat, but

courtney reagan, thank you very much. kate rogers, two big movers in the restaurant space.t do you want to tell us? >> restaurant companies are also reporting at the icr conference in orlando today. jack-in-the-box down 4%. the parent company of del taco said they will move to make the companies non-retail owned and more asset like. papa john's up 3%. they updated their guidance thing there decreasing marketing spend, moving away, making them optional. rob lynch also responded to its rival woman is expanding the brief partnership in the new year. more than four year head start using this tech in its restaurants. major themes included a broader sense that normalcy is finally returning. we'll see if that holds true. back to you. >> thanks so much for that. make sure to catch the ceo of jack-in-the-box, darren harris. that coming up in overtime. 10 year anchoring about 4.5%. a little bit above and below. the downside there. a lot of folks are fixated on for in the quarter, 428. if you want to get really cute about it, being a little bit of a barrier. in that zone it seems like

. >> courtney reagan, appreciate that. >>> big news and big moves for eli lilly.res trading at an all-time high today. the company going direct to consumer for its weight loss drug. we'll trade that up next. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. (vo) explore the world the viking way ffrom the quiet comfort of, elegant small shipspenses with no children and no casinos. we actually have reinvented ocean voyages, d

. >>> let's get to courtney reagan now for ac nbc news update. >> names of people associated in someder jeffrey epstein will be made public as soon as today. documents from a central lawsuit involving epstein who took his own life in 2019 following his arrest on enteral trial sex trafficking charges. some of the names of the documents have already been disclosed in the case. minor victims listed in the documents will not be identified. >>> a new jersey religious leader was critically wounded in a shooting outside of a mosque today. newark, new jersey police say a man in all black shot the mosque early this morning and then took off on foot. the motive of the attack is not clear yet but the state's attorney general issued a statement saying there was no evidence the shooting was motivated by biased. >>> the u.s. joined 11 other countries today to condemn attacks on the red sea carried out by the rebels in yemen. the militant group has said it will continue to target any vessels in the area that they believe support the consequences. >> a pretty significant show of force. >>> peaks and

back over to you. >> courtney reagan.ncials and believes inflation will continue to moderate, quote, bullish on the banks at least. kelly king, former truist chairman and ceo joins us for a national interview since retiring from truist. great to have you back. good morning. >> thank you, carl. great to be back. good to see everybody. thanks for having me. >> yeah. a lot of water under the bridge since we last spoke. i think 30,000 feet broadly, you think the economy is going to jug along nicely here and normalize in some areas. talk about how you see the year unfolding from a macro point of view. >> yeah, carl, so i am clear that economy is solid and doing well and one of the reasons it is is a little bit misunderstood. if you go back through many cycles, cycles are created out of excess supply, creating a boom and then a bust. in '90s we had the commercial real estate, in 2000 the tech boom and best and 2008 the financial boom and bust. this is different. we didn't have a boom but shut the economy off because of the pand

i'm carl quintanilla with courtney reagan live on the floor of the new york stock exchange. with jetblue and maybe its business as a whole. td cowen will join us after warning of collapse. >>> it's not just tech looking towards efficiency, wayfair and macy's both slashed their workforces. >>> we'll get a look at energy and some of the stocks trading at a discount now to the broader sector. s&p energy the biggest laggard of the year. >> if we look at the broader market, things are higher,

. >>> now to courtney reagan for a cnbc news update >> hi, tyler the state department said today that they will pause funding to the united nations relief and works agency israel said 12 of its employee wrs involved in the october 7th attacks on southern israel the statement also said secretary of state blinken spoke to the united nations secretary-general to say that there needed to be a thorough investigation. the commissioner general said investigations have begun and that the employees were fired. >>> the biden white house is losing a top adviser next week after playing a key part in joe biden's immigration strategy for three years. katie tobin served as the director for security, and is leaving a at a time where border policy is at the forefront due to the record level of migrants crossing the border. >>> king charles is doing well and will spend at least a night in the hospital after receiving treatment for an enlarged prostate today before going in for the procedure, he visited his daughter-in-law, princess kate, who also had surgery last week and is still there recovering. we

i'm courtney reagan.ments ago, peter navarro was september tensed to four months a jury convicted him on contempt of congress charges last september for refusing to comply with a federal subpoena related to the investigation into the january 6th attack on the capitol. he is appealing the conviction >>> a hamas spokesman says that if the international court of justice issues a call for a cease-fire tomorrow, that it will abide by the decision, as long as israel does the same the world court is set to rule friday on a genocide claim brought by south africa against israel >>> japan's neulander nailed its landing spot earlier, but there was a problem. photos were released upside down and unable to power up japan is the fifth country to land on the moon there is a chance for the lander to generate power through solar powers and recover tyler, back to you >> landed on its head. thank you. >>> with takeover rumors swirling, we have a news alert on paramount global and julia has the story. >> paramount global ceo

last word here >> no, thank you, josh >> see, we take, we give >>> let's get the headlines with courtney reagan> former president trump returned to the courtroom for his lawyers' closing arguments in the e. jean carroll defamation trial shortly after he stormed out of the court earlier this morning as the attorney for e. jean carroll was telling jurors trump was a liar who didn't think rules applied to him >>> u.s. and chinese officials will meet in beijing on curbing fentanyl in the u.s. they agreed to work together on the issues >>> and a man accused of stalking taylor swift was ordered held without bail after being arrested three times in recent days in front of her home in manhattan he was arraigned on charges of criminal contempt and ordered to take a psychiatric exam. prosecutors say he violate add restraining order to stay away from swift and her home when he was found near her tribeca townhouse hours after it was issued on wednesday. scott, this is not the first stalker she has had and had to get law enforcement involved >>> coming up, ai and your money. josh gives his top takeaways you

i'm courtney reagan in for melissa lee coming to you live from studio b at the nasdaq. on the desk we have tim seymour, steve grass co, mike khouw. >>> the money center gets getting things started. citi bank up half a percent after reducing the workforce by 10% over the next four years. wells fargo seeing its worst loss since last may, logging a billion dollar charge related to severance costs. with the big banks in the books investors turn their eyes to next week when we will see results from investment firms, regionals and names in tech, industrial and energy. we wondered which of these names will give us the best read on what's in store for the markets and the economy this year. tim, you get to kick us off. >> we will stay with some banks because we will hear the regionals and credit cards. dfs, discovery, i care a lot about what's going on with dq and nco trends. what's going on with the consumer? will we hear more? certainly their audience would be the folks that might start to give some insight into this that. this is a company that there's new leadership, argumen

courtney reagan has that story for us >> reporter: hi contessa, it's not the increasing cost of returnshe concerns retailers the most, even the cost of processing an online retur average at least 21% of in orders value according to -- >> fraud's number one, and it' not even close to number two number two is really the cos of doing something with thos returns, because that is a ver new labor intensive thing. >> retailers expect 16 and a half percent of holiday return to be fraudulent this year that is 24 and a half billio dollars worth, up from the annual average of 13.7% of returns that are fraudulent. this is according to - retail and the national retail federation now the ceo mark - told me at the show that fraudulent merchandise not received complaints have doubled over the last severa years for his retailer i particular no other fraud tactics include shipping back a different item than was just received, that i actually number one. like a box of bricks instead o a tv, returning stolen gifts and we're using counterfei receipts so here is an example from - retail one person living wit

. >>> a news update as well with courtney reagan. >> good morning. welcome back, of course.he news update. a funeral under way for the senior hamas leader who died in the attack in lebanon on tuesday. lebanese media reported a drone strike killed seven sparking fears of a wider conflict as israel continues its war with hamas. israel has not confirmed whether it was behind the attack. >>> four ports of entry on the southern u.s. border are starting to reopen shut down one month ago as agents dealt with an influx of migrants. they prosed 300,000 last month. >>> the queen of denmark took a farewell ride in her gold coated horse carriage for the last time as monarch this morning. the queen announced on new year's eve she would abdicate the throne to her oldest son after 52 years. she is europe's longest reigning monarch. carl, back over to you. >> thanks very much. >>> coming up after the break, what to do with apple as another wall street name downgrades the stock today and big tech takes it on the chin. wl scs aer sverblown? weildiusitft ahort break. to duckduckgo on all your

. >>> welcome back i'm courtney reagan.ke all measures within its powers to prevent acts of genocide in the gaza strip but the ruling stopped short of ordering the cease-fire requested by south africa. >>> former president trump stormed out of the courtroom this morning during closing arguments as the attorney for e. jean carroll was telling jurors that trump is a liar who thinks the rules don't apply to him writer e. jean carroll is seeking at least $10 million from the former president for the harm to her reputation from the comments he made trump called her allegations a hoax and a con job during brief testimony yesterday. >>> the estate of george carlin filed a lawsuit to pull the plug on an ai generated special uploaded to youtube. the video uses the technology to mimic the late comic's voice and style of humor and his family says it equates to theft of his work and called it computer generated click bait i'm sure this is not the last of stories like that we're going to hear back over to you. >> i was going to say. thi

courtney reagan is here. she's got a round-up of what we can expect. what are you seeing? aggregators point to a relatively happy holiday season. this is according to adobe. it is slightly above its initial forecast of sales between thanksgiving and cyber monday, much stronger than expected, up 7.8%. ultimately, that five-day stretch made up more than 17% of total online sales. adobe says five categories made up 65% of total online holiday sales. electronics, number one, then apparel, furniture, groceries and toys. adobe says the sales gain was driven by net new demand and not inflation, because it says the online retail prices it tracks are down more than 5% in december from the year prior. customer growth partners also calculates a stronger than expected holiday season with sales up 2.4% compared to its initial 2.1% growth estimate. interestingly, the research group sayssuper saturday sales hit $47 billion, beating black friday's $42.6 billion total. that's always the last saturday before christmas. now, mastercard, however, says preliminary sales between november 1st an

future threats with roger wicker, democratic congress number joe courtney, and the ceo of general electric. they were part of the annual reaganl defense for in simi

future threats with roger wicker, democratic congress number joe courtney, and the ceo of general electric. they were part of the annual reagan national defense for in simi valley, california. it is just under one hour. [indiscernible chatter] >> ladies and gentlemen, welcome to panel number eight. please welcome marcus and our distinguished panelists. [applause] >> good afternoon, everyone. no photo this year. usually we take a photo at the beginning. i went to think the reagan foundation for inviting me here to moderate today's session. we will have a lot of fun on this topic that is important to a lot of folks in this room. our topic today is building at scale, industrial capability and budget resources to meet strategic perspective and has had a spotlight shone on it as of late particularly in the last two years as the u.s. begin shipping thousands and thousands of munitions to ukraine. it has been turned up even brighter in the last few months with the conflict in gaza and the persistent need to make sure taiwan is properly equipped to deter china. by the way, some of the makers of these weapons needed by america's allie