on the desk tonight -- tim seymour, chris verrone, dan nathan, and guy adami. we'll drill down on alphabet's bad day in a minute, but we begin with the rebound in banks, and the real estate sector. jpmorgan closing at an all-time high, wells fargo soaring to an all-time high. the kre up 3% today. and even new york community bank corp showing signs of life, up 6%. real estate also heating up, check out the gains in names like boston properties and alexandria. so, why this big turnaround? what has really changed for these sectors so tied to rates? i mean, nothing, as far as i know, compared to yesterday. >> no, i can't figure this out, either. a tremendous run. maybe it's a valuation thing. maybe people don't look at the risk curve in terms of technology. banks make sense here. all-clear, maybe. if you have that selloff out of the way on tuesday, here we are today. but the xlf is now within a hair of the all-time high, i think it made in jeaanuary of 2022. 41 and change. more importantly, and you mentioned the regionals, i'll say this, iwm, the russell, is right

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> we start off with that cpi that sparked selloff. stocks closing off their lows. the dow shedding 500 points, the biggest loss since last march. the nasdaq lost 1.8%. rate sensitive small caps getting particularly hard-hit. the russell 2,000 down nearly 4%. the biggest one-day drop since june 2022. inflation print rip ming through the treasury market. the ten-year yield crossing 4.3%. its highest level since december 1st. the two-year yield also at two-month highs. and volatility spiked sharply. the vix briefly crossing above 17 for first time since november. so, after a huge run for stocks, is this the tipping point? is this the one you've been waiting for, guy? >> well, we've seen things like this before that have not -- they've not turned into anything. however, i mean, the vix was elevated yesterday on a pretty benign day and we actually traded up to 18 today in the vix before pulling back. the rates move, to me, makes sense, though i didn't think we were going to go down to 3.80. the tlt, which mea

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. >>> and we start off with the s&p hitting a major milestone right at the close. for moments, just a moment, ticking above 5,000, before ending the day just two points below. the index still finishing the day with a record close. the dow did, as well. the s&p -- nasdaq setting a fresh two-year high. the s&p strength comes on the back of rallies in the megacap names, nvidia, meta, eli lilly. so, now that we've hit this big round number, where do we go from here? >> higher, mel. no, look. congratulations, i mean, for everybody bullish on the desk, everybody but me. i took the math in college for at least a day. 5,000 divided by 250, which you are not going to get, is still a 20 multiple. rachet down earnings, which are probably closer to 225, and we're looking at a market that's trading close to 22 1/2 times, which historically is pretty expensive. you can say, you know what, it's justified, the rest of the world is slowing down, united states, you want to be there, you should pay up for the growth, you should pa

coming to you live from studio here at the nasdaq here on the desk tonight, dan nathan, guy adami, danny moses welcome one and all. and we start with that massive move in nvidia you're going to hear that name a few times here bet the over on this one shares are surging after the chipmaker posted record revenue, a whopping 265% increase from last year. on the strength of its a.i. business now, the news sending shares of other chipmakers like supermicro and amd much higher in afterhours, as well. the conference call for nvidia just started, and cnbc's kristina partsinevelos has the numbers and is monitoring the call kristina >> well, the call just started, so, i'm going to get on it as soon as we finish this, but nvidia surpassing expectations get again. a lot of it is driven by data center revenue, its bread and butter, which grew 38% quarter over quarter to 18.4 billion large cloud providers represent more than 50% of that data center revenue with nvidia saying in their report that demand is growing among other verticals, including auto, financials, as well as health care services all se

on the desk tonight -- tim seymour, steve grasso, dan nathan, and guy adami. >>> google saying today it will relaunch its gemini a.i. picture generator in a few weeks. the softwaredebuted this month was pulled. alphabet shares dropping 4% today, notable standout today. they're now down more than 10% off the highs of the year. and today's move puts the stock in the red for the year. alphabet has been far underperforming its a.i. rivals. meta jumping 36% today this year, microsoft is up 8%. so, why does google seem to be struggling so much in this a.i. space, guy? >> i think it's a number of reasons. they have a messaging problem, without question. they had that emergency meeting a few months ago to talk about different things. they're doing -- they're having a difficult job explaining how they've been in a.i., probably longer than any other company out there, maybe not named microsoft or apple. but i also think to a large extent it has to do with the high flying tech names that have taken their thunder away. why be in a google a opposed to nvidia or micron or broadcom that trades up 2

miner loses its shine, and moderna mets up, best day in a year on the desk tonight, bonawyn eison, dan nathan, and guy a adami. >> c.q., you drew the short straw yet again, but we're thrilled to you have here. >> we're going to start with the massive post earnings rally. nvidia shares surging more than 16% to a new record close. stock adds more than $720 billion in market cap, just today. that's bigger than the size of one whole b of a and the single biggest gain for any single company. it's added a trillion to its value since just last june is the gains today, ripple effects across tech, the semis, supermicro arm, all notching outsized gains. and the megmegacaps seeing strength did nvidia justify the rally we've seen let's bring in deepwater asset management's gene munster, get some thoughts. gene, a lot of four-digit targets around today you got any problem with that? >> i'm good with that, carl. i think that we're going to see in excess of 1,000, probably a year, two years out here, but when i think about those price targets, i think it's important just to quickly step back and think about

on the desk tonight -- tim seymour, dan nathan, guy adami, and kristen bitterly. >>> we start off with what seems to be unbridled euphoria in a handful of names. take a look at shares of nvidia, surging almost 5% today. the shipchipmaker is up 40%, ad half a trillion dollars in market cap in that time. meta on a hot streak. jumping almost 15% in the past five sessions, even with today's losing day. the social media giant gained nearly $200 billion in market cap just on friday after a blowout earnings report. so, what do you make of this euphoria, what seems like it, guy? >> well, it's remarkable. goldman sachs reiterated their buy in nvidia. today, it traded 1.5 times normal volume. the amd quarter last tuesday, i think it was, i didn't think it was particularly good. i thought the guidance was weak. it's right back where it was, if not higher than before. microsoft, the same thing. the money flusflows are great. i'm not necessarily a believer, but you have to wonder, at what point does something trigger this thing? the story can't last forever, and double ordering, triple ordering, ma

on the desk tonight, dan nathan, guy adami, and we start with a chip wreck on wall street. shares of nvidia sinking more than 4%. the day before its highly anticipated earnings report. the stock seeing its worst day, by the way, since october, and it wasn't the only semi stock sliding today. supermicro, amd, and the smh chip etf seeing losses. still, even with today's drop, nvidia is up 40% so far this year. but is this the first sign of the air being let out of the tires of the red hot semitrade and could tomorrow's results cause an even bigger pull-back. guy, let's begin with you. this is a company that has just lit the fire on wall street for a long, long time. and that's often the case. the kind of situation where, if there's a nit to pick in that earnings report, it's going to get picked. >> tyler, good to have you here. you're spot-on. and it's interesting. the magnitude of the revenue guides higher have slowly b been -- they've been slowing down, right? they've been getting less and less robust. it's not an indictment, it's just a fact. i mean, couple quarters went f

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we begin with this chart. it is a look at a sector that has jumped 50% since its lows last october. it's not tech, and it's not crypto. the question now is, can these gains hold? so, you ready for the big reveal? >> please, yeah. >> you are looking at the xbi. >> stop it. >> this week alone, it is up close to 9%, and all of this in an election year when conventional wisdom says all things health care should struggle. what are we looking at here? a bounce-back? a comeback, what? >> m&a activity. >> don't call it a comeback. >> don't call it a comeback. >> it's ll cool j. >> ladies love cool j. did you know that? >> i had no idea. >> he's a fan of the show, so, please call in. there's some room to the upside. i'll look at the ibb, we can look at the xbi. all of them, i think, are sort of, i don't want to say spring loaded, but i'll say that because of the m&a activity that will continue in the space. a lot of companies, the big cap pharma stocks can use their stock as currency, without

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we start off with two big earnings movers after the bell. shares of ford jumping after the automaker topped estimates for the first quarter. snap plunging as much as 30% after it gave weak guidance for q-1. we'll let to the numbers in a bit. we want to start off with the breaking news in the media space. espn, fox, warner brothers teaming up to launch a sports streaming platform this year. let's get to david faber with the details. >> yeah, this could be something that you can actually download as soon as the fall, that seems to be the hope of the three key partners here who will be contributing all of their sports programming to this yet to be named entity. i'm told they're going to come up with a name soon, they're going to have to come up with a price, of course. the idea here is to appeal to the every-growing number of people who no longer have a cable subscription, particularly, perhaps, young men who like sports, but don't want to pay 150 bucks amonth to have cable. and so, wher

. >> earlier this week on the witness, dan bradley, nathan wade's divorce attorney, repeatedly said he could not recall details about willis and nathan wade's relationship, but in text messages obtained by cnn just days before the allegations of a conflict of interests were initially filed in court. bradley told ashleigh merchant, the defense attorney for trump's co-defendant, that wade and willis were absolutely interrelationship before she hired him is this accurate merchant rights upon information and belief, willis and wade met while both were serving as magistrate judges and began a romantic relationship at that time. >> no >> municipal court bradley response, correcting her in another tax from january 7, 2024, bradley provides merchant with names of several people who he believed had firsthand knowledge of when willis and wade's romance began subpoena them all. bradley says in the text referring to a list of names that included other prosecutors in the da's office, members of willis's security detail, and others close to her speculated on some things. >> in contrast, on the stand

dan kalb is going to help reduce crime. there. kron four's murdered ear month, the prayer service was conducted for not henry elise, ben singer and their twin boys, nathan and noah, all 4 were found dead in their home during a welfare check. the restored of justice ministry hold vigils for people who have died in violence across the bay area to spread messages of forgiveness and to bring awareness to people seeking help with mental issues. >> i think about a crime such as speaks to mental illness. can crime such as this was not someone mentally even all appearances where contrary, which is around the world. >> prayers were shared outside the family's home where officers found their bodies. investigators say they believe the father shot his wife multiple times before shooting himself in the bathroom. the children's cause of death remains under investigation as they had no signs of obvious physical trauma. police say there is no history of violence at the home and they're working to try to find a motive. >> taking a live look right now on i-80 at donner summit up in the sierra big winter storm expected to blanket the lake tahoe. that area with wow more th

nathan wade. and when he was asked on this dan john, if he's willing to allow that to go away, he said no he is notve up the attorney-client privilege. and here we are, america in a waiting game, still waiting for other witnesses, but more importantly, we are waiting to see if this judge feels that they have made their case, that they can disqualify fani willis based on a conflict of interests no, >> absolutely. and thank you for putting the big picture in there. that's what this all about. but in the immediacy, we are waiting to find out a if terrence bradley can be found to testify be how much of his testimony might be privileged and see if he's allowed to speak at all. what, if anything, does he know about this relationship and when it began between fani willis and nathan wade, laura coates. thank you for being here. let us know when we get any answers to any of these quite a lot of letters, john, a lot going on here we are waiting, we are waiting in the meantime to hear from president biden this morning on the death of alexey navalny, one of vladimir putin's harshest critics. according to the r

dan good to see you both. michael, will go with you first. so this february 4th evidentiary hearing is set. it's all the issues that we listened wait have -- you wrote that nathane was actually willis's third choice to help in this case? so what do you -- >> at best. >> oh wow. talk about that in all these latest developments that have come out after your book has been published. >> well, sure. yes, it is true that nathan wade was not her first choice or at least her second choice. she reached out to a number of higher profile figures, including the former governor of georgia, roy barnes, and former federal prosecutor, nate banks. a highly regarded person. as we write and finally the votes, she got turned down. why? because of all the threats that were being posed against anybody who had anything to do with this litigation. in fact, roy barnes quotes to us in the book, hypothetically speaking, do you want a bodyguard following you around for the rest of your life? similarly with jay banks, his wife, he was not crazy about him taking the job. so it is not as though she arranged from the get-go to have this job to nathan way. she had a hard time finding anybody w

dan patrick, good to catch up with you. thank you, sir. appreciate it. >> thank you, thank you. >> sandra: meanwhile a new twist in the fani willis misconduct hearings. the former divorce lawyer for special prosecutor nathan wade has been ordered back to the stand. this time to answer more questions about the intimate relationship between willis and wade. it's all part of an effort to get willis disqualified and removed from the election interference case against the former president donald trump. senior correspondent steve harrigan is live in atlanta. what do we expect when attorney terrence bradley returns to the stand today? >> sandra, i think anticipation is so high for this witness. the defense attorney said this is our star witness, the person who is going to come and show us how willis and wade were lying about when their relationship started, they lied under oath. when he was on the stand last time, clear he did not want to be there. he claimed attorney/client privilege. the judge pulled him behind closed doors for an hour and a half yesterday, now he's going to come back. this could either be 0 or 10 for the defense, no one knows. another thing the judge has to decide, will he admit cell phone re