deirdre mccloskey. she is the author of over 30 books, a longtime economist with the university of illinois with at chicago. her most recent book, veteran humanomics, is just out. what do you mean when you say humanomics? >> guest: well, i'm an economist, i can't help it, but i'm also a historian, and i've taught as a professor of english and philosophy x. if i think that economics shouldn't give up the math or the numbers or anything like that, but it should add to it what we can learn from the humanityies, from, i don't know, shakespeare, mozart for that matter. i learn a lot from no sergeant every time i hear the flute and harp concerto. so it's an all hands on deck idea that in order to i truly understand our economic t lives, we have to understand all our whole life. modern economics not adam smith the the blessed adam smith. i'm an episcopalian. i always cross myself when i mention adam smith. but not adam smith, but his his followers. tended to narrow. the field until now economists think they ca

su, it's deirdre. great to have you on the program.n you see pc the association is with amd but when you say a.i., the association still very much with nvidia how important is it to change that perception, invest more on the graphics side which you talked about especially more and more ceos and companies talk about the implications and talk about the deal with meta also. >> yeah, absolutely, deirdre so when we think about where technology is going over the next five years, it's all about high performance computing whether you're talk about computing in the data center or computing at the edge or computing with consumers and of course a.i. is a very large piece of natchthat we're investing heavily on the jpu side we look at it as a wholistic system so we want to be great partners to the largest cloud companies out there. so, we're excited about our partnership with metta and partnerships across the board with thelargest cloud providers, like google, like amazon, like microsoft and the key there is we're building road maps now five years

>> well, you might have been on that twitter thread last week, deirdre.folks asking that question i think one of the challenges was the public currencies were high but so were the private market valuations. and we haven't really seen private market valuations come down yet, they usually lag the public market by three to six months maybe we will. but man, there's more private equity and venture capital dollars at work, my dry powder than there ever has been so, it may take some time for those public companies even if they are trying to be aggressive and go shopping to find companies willing to sell when they have ample capital available to them and valuations have been attractive on the private side as well obviously we saw the citrix deal today. i don't think anybody would put citrix in the high growth software category but maybe a sign we'll see some of the private equity firms scoop up companies trading at 10 or 15 times forward sales that were at 25 or 30 just 6 to 12 months ago or at least try to >> jeff it's great to have you thanks we'll talk to you

deirdre? >> absolutely here is to hoping.u. >>> fin tech is falling behind the broader market, a rocky year look at the key players block, formerly known as square and paypal 19 and 25% down. but that's not keeping bullish investors out of the sector when it comes to the private market valuations that continue to soar checkout.com announcing a defunding round placing the company at new $40 billion valuation, making the third largest private fintech company behind stripe and klarna giullaume joins us now great to have you on "techcheck." thank you for joining us given that setup, do you think that private markets are giving you not just a better price in terms of valuation but better terms as well. you only had to hand out 2.5% of the company shares for that billion dollars and does that sort of make you push out plans to go public >> hey, so first of all, thanks very much for having me. i think the real question is as a private company, our investors get to see all the numbers it's very different from the public company and t

they dropped 17% last year deirdre, i am coming to you first on this one.eep watching, isn't 45 the ipo price from 2019, 2018 maybe, and we're still at 42? >> it is we have been watching this level forever since it went public wall street loves this stock, but people in technology and silicon valley, a lot less so now has it is being run by an operator i think a lot of the calls are around the value in uber it is relatively less expensive than, say, a doordash which has a much higher multiple but hasn't really changed the fundamentals it has still been looking market share to doordash. yes, it is trying to innovate have you acquisition, through mna while doordash is doing it largely organically. i think in terms of the long term you have to figure out which team you believe in. it could easily be a value trap as it has been for the last two years. >> tim >> i don't think you are going after it on valuation, i agree i think it is -- you are going after it because you actually want that super app of multiple platforms, you know, like the drzly acquisition, it

>> i am so committed to our foundry strategy, deirdre. the way to think about it -- i have described it as idm makes ifs, or internal main factory, and -- it establishes the engagement with the industry, this benchmarking of testing, the external customers, it makes every aspect better. nobody else gets for go in with a fully global network, the broadest set of intellectual properties all of those assets gets leveraged to build a foundry business the geopolitical implications is just a tailwind. the fact we'll build a foundry business in europe and u.s. at scale, and the world needs technology at scale. that will be the driver. foundry companies in the world can do it, and clearly intel, but our stewardship, we are committed to keep that alive and well and be the leaders of process technology again >> i know you have some support from the white house, which was on display earlier this week i want to talk earlier about gross margins, though, they have come down from the mid 60s to just above 50. are you confident that 50% is where it botto

i think it is a wonderful business >> deirdre >> kelly, i made a list this morning.inful of all of the subscriptions we are paying for, right. it is a new year >> me too. >> i looked at which ones i can live would you know what i can live without now? amazon prime >> deirdre >> i'm not going to cancel it. >> i wrote about this last year. oh, my gosh, we did the same thing. i went through everything, and i was like, we can cancel prime but it turned out i had just renewed my subscription, you know, four weeks before that buff i haven't ordered from amazon since then. >> there you go. i'm a shipped person i find i get it faster and there's good selection, but this is what amazon has been missing. we have been talking about it for years, maybe what you felt, too, that discovery aspect unless you are going for exactly what you need, diapers, wipes, you are not finding much else to buy. but why i didn't cancel it, kelly, because of prime video. the amazon fly wheel is well into effect. who knows? maybe i will use them again for groceries. that's the point that's probably

welcome to s"techcheck" i'm carl quintanilla with jon fortt and deirdre bosa tesla kicking off 2022 withang why that stock is up more than 9% on the first trading day of the year finally, verizon and at&t say no to regulators. is a 5g roll outcoming your way soon >> our feed starts with chip sock, goldman sachs includes marvel tech and micron among its top stock picks for 2022 the sector is already coming off a big year, easily outperforming the s&p thanks to huge demand contributing during a continued global shortage. one analyst this morning says that there is more to come, jon, predicting chip sales will grow more than 10% this year. yes, it outperformed the past year 2021, but it's actually the third consecutive year, jon, that chips have outperformed. >> carl, dee, first, happy new year great to be back with you. i think this is a time where we've got to really emphasize the difference between stock performance and financial performance of a company because i think there's this tendency to always assume, oh, what happened yesterday is baseline. so if a company does well the stock ou

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech's big tumblea hawkish fed the biggest risk to your portfolio this year do not a break down with dan niles. then fintech's fumble. why today's selloff might not be a bad thing when it comes to risk. >>> finally, crypto crumbling as bitcoin nears 40k. what's driving the action there. if you ask some, nothing we will discuss that >>> first up for today's feed, we'll start with the selloff the nasdaq is coming off the worst day since february after the hawkish notes from the fed sent yields higher and growth names plunging is more volatility ahead as we said, here to discuss, dan niles is with us dan, we know you've been waiting for an environment like this i imagine this is exactly what you had thought was coming and i'm going to guess that you think it's not done by any means. >> well, unless you think inflation is done, and unless you think the fed is done, it's hard to imagine that this is done because you've had -- if you look at the dividends included, the s&p is up 100% over three years it's up

here's abc business and economics correspondent deirdre bolton. >> reporter: tonight, grocery shoppers confronting inflation numbers that haven't been seen in years. the price of milk, 4.6% higher than a year ago. bread up 4%. poultry, fish, and eggs 13% higher. as consumers deal with the shock -- >> when i went into the store yesterday, normally, like, a pound of ground chicken is usually about $3.99. yesterday it was $7.99. >> reporter: even higher prices coming right away. according to "the wall street journal", beginning this month, companies like general mills and kraft-heinz planning more price increases to wholesalers on everything from mustard to cereal to jell-o. as they pass along their own perfect storm of rising costs, like higher transportation expenses because of rising oil prices, higher prices for animal feed, payroll costs pushed up because labor is short, and the havoc the pandemic has brought to the grocery supply chain. >> you can't really wave a magic wand and just sort of fix the supply chain problem. >> i'll make sure my son eats, and i'll just have to reduce wha

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech investors, theasdaq is down 2.5%. tech's rocky start continues touching a three-month low going back to october. we'll break down the action in just a moment. >>> one trade that is working, l longzynga. >>> finally, with so many names getting swept up in the selloff, is now the time to buy some megacaps at a discount we'll talk tactics with dan niles, jon. >> yeah, before we get to all of that, the nasdaq selling off now down 8% since the end of '21 let's get to mike santoli with a look at tech. >> jon, the selling has turned indiscriminate it's a purge than an orderly rotation the nasdaq composite actually touching its 200-day average on the downside for the first time since the covid crisis extraordinarily long time above that here are dynamics that really show the violence of this kind of what was a rotation and now just a general stepback with some of the largest stocks not immune it might be a good sign. here you have nasdaq 100 against s&p banks. it just couldn't be more dramatic, right? verti

i'm carl quintanilla with deirdre bosa and jon fortt massive m & a news this morning.rosoft buys blizzard for $68.7 billion and all cash deal expected to close in 2023. activision a company mired in sexual harassment allegations just this morning terminated 37 more employees as part of an internal probe they'll stay on as ceo for the time being the head of microsoft gaming phil spencer joined "squawk on the street" earlier this morning on what led to the deal. >> microsoft has this great, long history, like we do, that goes back to the 1980s in video gaming they have the incredible resources and incredible pipeline of talent, culture that is aligned like ours for focus on creating a really great work experience, and so while there are a lot of other companies that would be interested in a company like ours, microsoft was clearly the company that made the most sense >> that $95 a share price, 45% premium to friday's close. deal comes just a week, of course, as you know, after take twos $11 billion zynga acquisition. jon, lots of implications for the metaverse, for gamin

approaching the bottom of the hour i'm john fortt with deirdre bosa and julia boorstin intel ceo pat gelsinger at the lectern right now. we expect to hear from president biden before too long. but before that, a news update rahel solomon has that for us. >> i sure do treasury yields are pulling back sharply from recent highs. the ten-year is down 8 basis points to 1.3% and the two-year note has slipped back below 1% >>> the big gathering of political and business leaders in switzerland will be held in may. it has been postponed due to rising omicron cases >>> housing costs were higher in january. the biggest increase in more than two years austin, texas, saw the biggest increase with rent up 40% since last december. the average monthly mortgage payment rose 22% in the past year >>> banner year for partners at goldman sachs and other firms. compensation pool rose 40% to 50% this year. partners in tech and healthcare are reportedly making between 12 and $15 million. go to cnbc for more on the surge in pay and bonuses julia, i'll send it back to you. >> thank you, rahel. >>> let's turn

deirdre, thank you. >>> there is much more ahead on "world news tonight" this saturday. shocking new images of a four-car pileup involving arnold schwarzenegger. >>> and a raging wildfire in california forcing evacuations. stay with us. with less moderate-to-severe eczema, why hide your skin if you can help heal your skin from within? dupixent helps keep you one step ahead of eczema with clearer skin and less itch. hide my skin? not me. don't use if you're allergic to dupixent. serious allergic reactions can occur, including anaphylaxis, which is severe. tell your doctor about new or worsening eye problems, such as eye pain or vision changes, or a parasitic infection. if you take asthma medicines, don't change or stop them without talking to your doctor. ask your doctor about dupixent. you founded your kayak company because you love the ocean- not spreadsheets. 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 my daughter has matchintype 2 diabetesription. and la

we have an earnings alert on ib mrb where shares jumping after earnings let's get to deirdre >> thisof course the first report since ibm spun off kyndryl. investors are encouraged with the early results. it is early. in the after hours pop only brings shares back to levels seen a few weeks ago keep that in mind. on the earnings call, the ceo r reitating he's deliver on earnings growth. he said in 2021, ibm was successful to increase its focus and agility, built a stronger client centric culture fewer generalists and that has been resonating well with clients. ibm, of course, now has to execute consistent low single digit growth has been a challenge for years, whether that was under ginni rometty orarven now. so we will see if this new hybrid cloud strategy and focus pays off back to you. >> all right, thank you. let's get back to ibm and trade it dan nathan, what do you think of the results? >> not great i mean, mid single growth estimated in revenues. >> it's up 5%, dan it's up 5% after hours >> well, i suspect we'll see it lower in the next few days there's nothing here my friend a

i'm carl quintanilla with deirdre bosa and jon ft.st coming up who claims the metaverse is, quote, obvious b.s. we're not talking about jon. first the update with rahel solomon. hi >> hi, carl. sales fell 4.6% record home sales inflation on the rise, median price rose 16% last year to $358,000. jobless claims also jumping with 286,000 in the latest week be economists say, however that the recent surge is temporary and driven by the latest wave of covid cases. american airlines lost less money than expected last quarter but omicron has slowed its recovery and cost pressures. american's stock pell 3.5% this morning is now up slightly on the day. and shares of baker hughes jumped more than 5%. despite the earnings miss. higher oil prices and driving drilli ing demand and service and this year, tight supplies of oil and natural gas. carl, back to you. >> rahel, thanks >>> got key antitrust legislation on the hill today with the support of a new coalition of smaller tech companies that are hoping to break up the giants. our ylan mui has th

backto you >> got it, deirdre, thank you. two minutes to go in the trading day.ike, what do you see in the market internals as we witness this incredible recovery in the market >> it started out today as an absolute blood bath, 95% of all volume to the downside in the first half hour or so. we have really come back still more downside volume than upside that's not uncommon when you had a big intraday turn around but it's much more evenly balanced two-year note yield has finally kind of curled lower, below 1% not a dramatic move from recent highs of 1.05, but it does show you that maybe the market is rethinking just exactly how many hikes we have to price in at this stage that coincided with a two-year note auction that went pretty well as well. and the volatility index is putting in a pretty good spike we got up toward 40 today, and now have come back in. that was a perfectly appropriate response to the market being down over 4% or so we'll see if we close it below 30 not going to be decisive either way, but a step in the right direction to have one of those spik

. >>> resetting near the bottom of the hour deirdre bosa with john fortt and julia boorstin how to play that beat-up tech trade in a moment but first time for a news update. rahel solomon has that update. >> here's what's happening at this hour. financials playing heavily on stocks following disappointing quarterly results from some of the banks this morning jpmorgan the biggest loser in the s&p 500. faces a couple years below target returns and quarterly results did top estimates. citi down on higher expenses and weakness at its consumer banking unit and wells fargo with a 4% gain top and bottom results >>> blackrock down more than 2% and assets under management topped $10 trillion cementing its spot as the largest money manager. rising inflation concerns have pushed consumer sentiment back down the early january number is the second lowest in a decade. december retail sales were also down far more than expected. they fell nearly 2% as americans really struggled with shortages and higher prices. and manufacturing output also posted a surprise decline in september. the drop in auto plan

thank you, deirdre. >>> time for the weather. let's go back to rob marciano.b. >> good morning again, guys, and let's go back to texas. love that state especially when just outside of lubbock. had a couple of inches there. winter weather advisories stretches from texas to mississippi, to maine with this expansive snow. rapid city, a couple of inches of snow there, and the national weather service took some video for us to shoot it and say, it's cold there. look at some of the numbers are frightening as far as the deep freeze is concerned, and this is sliding to the east slowly but surely. minus 26, the wind chill in minneapolis. they played the hockey game yesterday, the winter classic outdoors, below zero, and looking ahead to the second week of january, this pattern has shifted. we're looking at below average temperatures for the northeast ern third of the country, and >>> this weather report has been sponsored by target. we'll show you a pretty picture >>> this weather report has been sponsored by target. want to show you a pretty picture as we wrap this up

deirdre bosa >>> let's turn to the virus. president biden meeting with his covid response team in the last hour as cases skyrocket across america. meg tirrell has the latest meg? >> so we have that million case number that was reported within 24 hours in the u.s. that's a pretty eye-popping number it does include a lot of backlogs from the holidays nonetheless, we're reporting more than 480,000 average daily cases. we know that's an undercount given a lot of tests are not reported to public health agencies and we're not doing enough testing hospitalizations are rising in a fairly fast clip you can see that on the curve. there are models that suggest hospitalizations could get as high as we saw last winter because of the sheer number of people getting sick with omicron. there is good news in that it seems like overall a less severe variant. deaths have not started to tick up that we've seen in the united states just anecdotally from er doctors, ers are overwhelmed but folks vaccinated are well-protected cdc updating its preval

what the market has been reacting to over the last hour mike santoli's tracking the broader action deirdreosa has a look also >> minutes to the federal reserve's december meeting suggesting the central bank could be very aggressive, highing growing concern with inflation at the bank. it's not actually scheduled to stop buying assets, that is increasing the balance sheet until next month after that the first quarter point rate hike could come as soon as march, and markets are pricing in as many as three this year watch the x-axis here. it suggests the possibility of a faster rate hike than the minutes. a second hike in june, a third in november, and not putting, i guess, possibly a fourth hike in december there are some hints in the minutes on when the fed might reduce the balance sheet and how it might do it some officials even said they want to rely more on balance sheet reduction than rate hikes to remove a combination. that suggests a potentially faster pace than shedding assets by the fed there was agreement it will happen faster than in 2015 when the fed hiked rates and waited two yea

deirdre, thank you >> let's get to mike santoli with a broader look at the market action. mike, follow through after that impressive comeback we got on friday, what stands out? >> pretty energetic kind of gap and go we popped higher at the open and progressively higher since then. s&p 500 is up 6% plus from the intraday lows last monday. so that's obviously just a week ago. it's put a pretty decent cushion under the market from the correction lows. interesting spot right here, though 4495 is the intraday low from december so it's sort of basically kind of right underneath that probably not grand significance, but there is one of these old things that says if the december low is breached by the end of january or as of the january close, you may have a rougher spell for the market going ahead. the bottom line is the market has been destabilized from having to absorb the move in rates and fed intentions in a decelerating economy so far, it looks like a cleansing correction has done a lot of the work. you never know it's over until way in retrospect, but take a look at what th

tom: thank you, deirdre. the changes at unilever as they cut thousands of management roles.his brings us back to beata manthey, the global equity strategist at citigroup. in terms of the consumer staple changes during europe -- in europe, what does that lead to in terms of the m&a in this space? how are you looking at this sector? beata: in terms of m&a, it remains the big things we have been running in europe. however, we think that this year the drivers going to be from m&a to return on capital assets and shareholders. especially going from higher dividends to buybacks in europe. one of the sectors that looks quite good on this. however when i look at this broader market and other sectors within the european market, it tracks so what we want to captures the higher environmental yields. the sector performed well. the growth prospect in comparison to the other sectors do not look great either, and it is expensive. francine: overall, pet food sales and some of the things that do not have supply chain issues cell and that is what companies are focusing on. that is only somethi

break down the numbers with the ceo irwin simon coming up first, mike, tracking the market action deirdre bosa with the nasdaq movers berhe that coombs with the highlights of the interview with jamie dimon. mike, broader market lower except for health care. >> yes health care. a big jpmorgan health care conference going on. s&p 500 bent and didn't break. at the lows this morning about 4.9% off the record high that seemed to create a little bit of a dip buying instinct the other level to watch here generally speaking this low 4500 area also the early december low in the s&p 500 right around 4500. one thing traders look back on is if the low of december is broken that could mean a more bearish tape for the year. pressure has been in place on boert stocks and bonds take a look at what that's meant for a typical portfolio. that's what this etf essentially mimics it is not that it's down so much but that bonds and stocks create a little bit of downside this is the mode stocks and bonds moving together when inflation is picture so perceived the threat this brings us back to early to mid-2021 le

deirdre: they don't like to talk about the elephant in the room, and they reported a sales slump in china they are taking a long-term view, but they have not recovered from the backlash they suffered because of the use of shin jan cotton -- the stance on shin jan -- on xinjiang cotton. guy: multiple factors and how using about the stock. h&m now trading higher. lvmh having a bounce back as well. european stocks more broadly are lower. the close is next. we will deal with the details. this is bloomberg. ♪ as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. - [announcer] imagine having fuller, thicker,™ more voluminous hair instantly. all it takes is just one session at hairclub

mike santoli is covering all of the action deirdre bosa focusing on the pain in tech mike, start it off if you will with the broader markets and just a remarkable turnaround once again >> yeah, wilf. we'll zoom in to the action today and yesterday in just a second, but what's fascinating is if you look at a one-year chart of the s&p 500, it looks like almost literally nothing going on the last two days because we have closed and now we're trading around the flat line but in reality, it's the market churning around, minus 9% to 10% range. yesterday's low, by the way, was around right there, the may high, so we're still well above it at this point i think that was job one for today, was stay above yesterday's low. as a matter of fact, it really followed the script as you would expect to see it or hope to see it play out if you're bullish. take a look at a five-day chart of the s&p 500 it does catch all that drama this is yesterday's low, and i mean, if you wanted to sketch it out, you would say, wow, it would be good if we held around 4300 tuesday after an opening drop because it would sh

we don't think we'll see any changes on -- on that regard >> tom, it's deirdre i wanted to ask you aboutpple app store and recently in the news in the way in which it handled fake wordel apps, and it being a popular game now do you think that the app store as it operates now and the commission that apple charges will continue to be under pressure and ultimately changes? >> absolutely. i think we've seen it also through the apple episode, and we believe and we're all for full democratization of the different platform and solutions that we provide that, as it is providing with the app economy i believe we will see lower fees and we'll see either multiple, additional solutions serving those developers and we will also see apple i think -- i'm sure we will see apple and others reducing the fears that i think will be beneficial for everybody and will help grow the app economy at the end of the day we need to make sure developers and there is valuable stuff to do exactly that, to make sure developers make more money and they can grow faster and this grows the economy. they can spend more money

deirdre? >> the nasdaq was down more than 4 % earlier today.at high growth complex that continues to bleed. tesla, airbnb, big decliners rtf was down more than 4 % more than 6% today, and as wall street bets notes, berkshire hathaway outperforming on a year to date and 12-month basis megacap tech not providing support for the sector today amazon was down more than 3% firmly in bear market territory off more than 20% from the 52 -week high microsoft, alphabet not far from the technical level. ibm tonight. classic legacy tech. be better d microsoft, apple, tesla later in the week. over the last 30 minutes, we've seen the nasdaq compare to pair earlier losses some of the names in the black include software so zoom was briefly in positive territory. adobe slightly higher. >> i have to check as i'm saying it's fast-moving those are places to watch for a turn here to help us swift through for terms is mark tenner, founder and ceo of strategic let's go through as we hit the areas of the market. love to know, let's start with tech what are buying and w

>> deirdre, thank you. what should we expect to hear from meta >> well, it's meta's first earnings since the company rebranded from facebook to focus on the metaverse for the first time meta will break out its apps from the reality division and that includes oculus from metaverse investments and they're curious for road map from making money from the new initiative and other key topics include how facebook is navigating apple's system limits to ad targeting and user engagement trends as well as growth of shopping initiatives. the growth is expected to slow to 19% while earnings per share are projected to drop 1% from the year-ago quarter the quarter is expected to suffer from those ad targeting challenges and supply chain constrained advertiser pulling back from the holiday season sara >> julia, thank you. besides big earnings, another thing to look out for next week the january jobs report comes out on friday. last hour we did ask the national economic council director from the white house brian dyess abou

. >> meredith, it's deirdre. it's good to have you.ng, how do you respond to those who say that this deal at $500 a subscriber could make up for a lack of organic growth, post-trump presidency in the early stages of the pandemic? >> yeah. i would respond by saying it's not been our experience that people are less interested in news and sort of in our poor news report. as of the third quarter of last year which is the last time we publicly reported, we had added i think 900,000 net new subscription additions for the times for our news product and that is a really healthy number in two contexts overall and coming off the historic year that we'd had in 2020 with an unprecedented news cycle beyond that so that's just my way of saying there is still a really healthy market, we believe, for paid digital subscriptions to news in addition to that, i would say beyond just people subscribing, we have slow news days, had slow news days in 2021, many of them that were much larger from an audience and engagement standpoint than our highest news day

i'm carl quintanilla with jon fortt and deirdre bosa the nasdaq is down another full 2% today and leading the declines, ark funds, tesla, netflix down another 7 the crypto crash, bitcoin and ether down by double digits over the past year after friday saw $137 billion wiped out from crypto markets bitcoin below 34k. social stocks losing some clout. the bears come after snap ahead of earnings, dee. >> we'll start with that sell-off tech sinking yet yet the nasdaq was down 3.3% and it's now down more than 16% below it's record close. ongoing debate here, how much of the sell-off has been rate focused, how much is business fundamentals late last year we got bad misses from the likes of snap, roku, pinterest, adobe, salesforce it had nothing to do with the fed or a shift to value stocks last week, though, it was netflix and peloton both sinking on soft demand and weak user growth this week we will see who gets punished, if they miss or just don't beat by enough perhaps some upside surprises too. we've got ibm earnings today, microsoft tomorrow, tesla, intel wednesday, apple thursday. jon, it i

deirdre mccloskey. she is the author of over 30 books, a longtime economist with the university of illinois with at chicago. her most recent book, veteran humanomics, is just out. what do you mean when you say humanomics? >> guest: well, i'm an economist, i can't help it, but i'm also a hisan

deirdre mccloskey. she is the author of over 30 books a long time economist with the university of illinois at chicago her most recent book bettering humanomics is just out dr. mccloskey. what do you mean when you say humanomics? an economist to hopeless economist. i can't help it, but i'm also his historian and i've taught as a professor of english and philosophy. and i think that economics

frank, can we know >> deirdre, number one, it's hard to forget gamestop shares are up 100% since last year, however they lost 25% since it was announced that ryan cohen would become the board chair. they rallied around cohen's so-called transformation strategy into the online retailer and quote, unquote, the amazon of gaming however, many analysts quoted gamestop's core business has shrunk dramatically from 97% of the market to 2013 to now only 45% of the market. gamestop now plans to open an nft marketplace including characters, outfits and weapons and nft hit 23 million last year and michael pacter says there's one crucial detail that needs to be worked out. gaming nfts generally don't give the buyer full ownership >> digital sale is a use license, limited use license you can't re-sell a digital copy so why would anybody assume that nfts created by game companies are going to be freely transferable no chance. >> ryan cohen bringing in -- >> ryan cohen bringing executives from chewy, the online pet retailer he founded to execute a plan that's been relatively light on detailing until

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech investors, theching a three-month low going back to october. we'll break down the action in just a moment. >>> one trade that i

welcome to "tech check" i'm carl quintanilla with deirdre bosa and jon fortt.ight be right for consolization. amd gets the downgrade, we'll

welcome to s"techcheck" i'm carl quintanilla with jon fortt and deirdre bosa tesla kicking off 2022 withmore than 9% on the first trading day of the year

>>> welcome back chip stocks with a strong year in 2021 but the first week of 2022 isn't as kind deirdreosa with a look at what's driving the move. what happened? >> like much of the sell-off in tech it is driven by valuation nvidia saw the market cap more than double last year close to the $1 trillion market cap and amd surged nearly 50% over the last year seeing the stocks come down hard this year. investors looking for value in 2022 looking for the less pricey plays like intel and even though lower today it is better performing than the other names mentioned. it doesn't necessarily speak to the longer term trajectories the jury is out if there's execution on the ambitious plans to turn around intel qualcomm has diversified from the reliance on apple and smartphones. deepening engagement with amazon so the question is this a value thing and revert many analysts say this is about picking the right players in the space but xoxx is lower by 3.5% this year reacting to rising treasury yields. back to you. >> d, thank you so much for that off the lows for the smh but in the red. thank you. >

starts now ♪ >>> good tuesday morning welcome to "techcheck" isle carl quintanilla with jon fortt and deirdreholmes guilty. the reporter who broke the story wide open will join us this hour >>> then, what sho

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today the nasdaq quickly 1%. taiwan semi, managing to hold on, lifting the entire chip sector back to new heights at the open can you continue to bet on the winners or is it

i'm here with jon fortt and deirdre bosa chips get hit today, before talking to intel's ceo pat gelsinger

i'm carl quintanilla with deirdre bosa and jon fortt massive m & a news this morning.to close in 2023. activision a company mired in sexual harassment allegations just this morning terminated 37

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, tech's big tumble to your portfolio this year do not a break down with dan niles. then fintech's fumble. why today's selloff might not be a bad thing when

welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, stocks rally to closeer by nearly 2%, trying to avoid the worst january ever coming as we await quarterly results from alphabet, amazon, metta, snap amd and others this

i'm carl quintanilla with jon fortt and deirdre bosa the nasdaq is down another full 2% today and leading ark funds, tesla, netflix down another