deirdre bosa, julia boorstin and live from cupertino, for apple julia, start with you. again, this maybe meta up pront everywhere stocks green high expectations now. >> yeah. really interesting if you look at what meta's performance has done to some of these other social stocks. snack, its stock way down and rebounded today. up 11% last time i checked and same reason is -- same fact the reason by pinterest is up over 8% now. an idea maybe the ad market stabilized and more upside potential. because meta laid out a vision for how they're going to make more money on reels. also click to messaging ads and fundamentally lapped their challenging interaccesses with that apple operating system change, harder for them to target ads and things getting better. >> getting better. does that mean returning to the original core of what facebook was known for? >> well, look, tyler meta continues to invest in the metaverse. its reality labs division, that division receiving greater losses this year than last as they continue to invest there, but i think what mark zuckerberg was trying t

deirdre bosa, the conference call under way right now lyft, by the way, two of our acronyms for 2023. it's in yours. >> the fact that uber's diversified -- we used to talk about lyft as being a concentrated play and that's why you wanted to own it that's not the argument. zimmer's comments are the biggest problem. this management team has been so poor at communicating to the market, this management team i think is the problem and for a management team guided for adjusted ebitda, whatever that means of a billion dollars by '24 and say 5 to 15 million in the next quarter is the problem. you mentioned it the fact that they're about 20% below prepandemic in terms of active riders. not controlling your inventory or supply side is a big problem. i actually sold kind of my position equivalent in up. side calls which still leaves me long in the stock and want to explain. we talk about it all the time. it's great to sell upside calls when you have a stock that's run and keeps you in the position. while that felt pretty smart on some level because i expected a little bit of a pullback, i didn't

. >>> a new tiktok bill is set to advance in congress today and that leads us to deirdre bosa. >> reporterone of a smattering of headlines on this theme this morning the u.s./china decoupling in chips, in tiktok, in china supply chain you mentioned tiktok the latest we've been talking about this so much there's another attempt here in the united states and this may gain more traction than the previous ones we've seen. the best chance we've seen of having a broader band. because of who is pushing it through. the berman rules tiktok has leaned on successfully and this is broader than government devices. by the way, i'm not sure if you saw it, canada moving to ban tiktok on devices. do we see a nationwide ban for the other social media companies. it plays into the broader theme of the escalation of tensions between the u.s. and china we're seeing in so many other places >> i just wonder, deirdre, if they ban tiktok, if that is popular. i know politicians on both sides want to go after china and they're worried about china having our data and propaganda and all of that but there are so many us

let's get to deirdre bosa.o be one, is that uber is pulling away previously it was thought that maybe this would be a duopoly, but uber has just been pulling ahead. look at how both companies talked about being past the pandemic uber said that the pandemic effect was well behind them, and they're going to continue to deliver adjust ebitda profitability and free cash flow lyft, on the other hand, their active riders are still 11% below pre-pandemic levels. their adjusted ebitda targets were taken way down, shocking the street one analyst said this was one of the top three worst analyst calls that he has ever listened to, a debacle for the ages, and that's really what it was, mike. you said they talked about seasonality. they also talked about lower prices, but it comes down to competition, which is code for market share, and that is where lyft is losing, and that's why analysts are concerned about the long-term proposition of this story, how it's going to win that back and at what cost and who's going to help th

shares down 2% right now let's bring in deirdre bosa with a breakdown. >> hey, morgan shares have been the results last night as you said they're down more than 2%. in a risk on environment, maybe investors are looking at the gov gross order value guidance for the year, which was better than expected and 40% revenue growth, which some argue is better than what uber is seeing at uber eats in a risk off environment like the one we're seeing this month maybe looking at gross margins and that has been decreasing over the last six quarters as it relates to the consumer, obviously, doordash has a good look especially at the u.s. consumer and here's what tony xu said about them. >> we continue to see resilience in our business, and it's been, you know, six to seven quarters now that we've been living in the post-covid world and we've shown is strength on the top and bottom line. second straight consecutive quarters of mid-20% growth on the gov line, 30% plus on the revenue line and improving profitable year on year. we continue to see that strength and i think it really goes to show that food

. >> deirdre bosa, thank you >>> guy, how do you trade it that buyback is not insignificant.. might still have some room in the tank i won't use the "g" word that dan threw around earlier, with you we have seen it before. >> this is are just challenging models it's just going higher on a gap basis, they're going to lose nearly a billion. those aren't real number ultimately a lot of the models are -- price to sales are not that horrible. >> speak of competition, how do you compare this model with uber's model -- >> i think they've got a decent -- why you're willing to pay up double-digit growth i think we have some sense already with uber's announcement on 14% in the fourth quarter, up from where they were in the third quarter, that's part of what's going on here on their core, we're talking about 15 sometimes, less than four times sales this isn't one of those companies that's saying, one of those "g" words. is that where we are for the rest of the show >> "the g" word is garbage we're not saying a weird, cryptic thing, just "garbage". >> that's coming from our ray of sunshin

i'm deirdre bosa along with jon fortt and carl quintanilla >>> tensions in the sky with u.s. penn dual with a super bowl ad cyber security company checkpoint beating estimates and in positive territory. we'll talk exclusively to the ceo. >>> is the nfl that keeps linear tv alive we'll discuss that. >>> we are watching inflation closely this week with the cpi and ppi reports both due out right now we're higher across the board with the nasdaq leading those gains. microsoft a big winner today, as you were just hearing up more than 3%. one of the top five performers on the s&p and nasdaq 500. >>> let's start in china despite rising political tensions over spy balloon, the country is advertising itself as open for business. and the kweb is holding gains. "the wall street journal" reporting that apple's tim cook and pfizer's albert bourla plan to visit next month. joining us on what to expect from this reopening is eunice yoon back on the beat, live in beijing. hi again, eunice >> reporter: hey, carl because of the strict travel restrictions as well as onerous quarantines, very fe

i'm jon fortt along with deirdre bosa and carl quintanilla. we'll look at what that means for the markets and the high bid of plays plus, checking in on the semi. we'll speak with the ceo of global foundries as that stock rallies more than 6% on the back of strong results. >>> coinbase up nearly 2%, looking to break its eight-day losing streak as the stock fell more than 18%. is this a sign the selloff was done >>> let's begin with inflation numbers. shelter and energy some of the top contributors to the upside let's bring in cnbc senior economics reporter steve liesman, senior markets commentator mike santoli as well steve, i think you're also watching dallas fed. >> lori logan making comments, and talking tough. she is worried about a costly cost sprirl. anticipates they need to keep gradually raising the funtdz rate she says before she's going to stop, conditions need to be restrictive. she says the fed has to be prepared to continue increasing rates for longer than anticipated, and doing less on the other side if that's also necessary. the

deutsc deirdre bosa joins us with more.upply-demand situation beginning to even out here, but not good for the company itself and not good for the stock. >> good for the consumer if lyft can lower prices there's the question some are asking this morning, how long is it going to be around to do so it has ceded market share. we talked about these competitive forces during last night's call one analyst on the street called it a debacle for the aims, and it certainly felt that way as we saw the stock plunge after earnings 25% then during the call 30% now it's down 35% today. this is its worst day since the i po this is a stock that went public at $72 a share that tells you how far it's come and fall p what's really important here, is the divide between uber and lyft since they began their lives as public companies they would trade mostly in tandem over the last year or so that relationship has fallen apart, as the street sees uber as pulling ahead. the value the pure play lyft focus, but that has really been out of favor recent

i'm deirdre bosa with carl quintanilla and jon fortt. disney, 5,000 employees laid off. nelson peltz declaring victory and an end to the proxy fight right on our air this morning. >>> sonos shares higher after a big beat on revenue and earnings the ceo with us exclusively this hour. >>> affirm gets a bump and we look ahead to paypal tonight >> that's right. disney, though, is where we're going to start the stock is up, let's see, 2.75% after results unveiling a restructuring plan that includes $5.5 billion in cost cutting part of that, 7,000 layoffs. the company beating on revenue and eps, saying it would focus on getting its streaming business to profitability by the end of next year and no longer provide guidance on subscribers. a big question from wall street as the company plans for its stake in hulu, here's what ceo bob iger told our david faber. >> hulu, by the way, is a very successful platform and a good consumer proposition but everything's on the table right now. i'm not going -- >> you mean -- >> i'm not going to speculate whether we're a buyer or seller of it

i'm carl quintanilla with deirdre bosa and jon fortt >>> the nasdaq goes pop and what the red hot number means for tech today deep dives on the results of the biggest of the big why apple turned around in today's session and amazon has not. later on an exclusive with the ceo of microchip, why the street thinks that stock is undervalued. what a friday, dee. >> what a friday we made it let's look at the markets as we close out a very busy week of earnings and economic data the nasdaq still down about 0.2%, but we were down as much as 2% in earlier trading right now it is down, like i said, 0.2% the dow up by a few points, 40 despite turning lower after earnings results, look at the mega caps. apple is positive. alphabet has been trying to make it amazon has clawed back a lot of the downside the nasdaq is on track for its longest weekly winning streak since november of 2021 all of that on the back of results that, let's face it, weren't all that great. >> yeah. well, let's start with apple, dee. iphone revenues falling as they continue to face supply chain issues in china, but a ceo tim coo

deirdre bosa joins us with more. let's start with amazon.ot only in the core business, that's so tied to the consumer, but ongoing deceleration and aws as well. >> aws always a sticking point because this is the profit engine of the whole company, so it falling to 20% and later this year falling into the mid teens, that is a big deal and hitting some of the other cloud names in today's session, but really, like meta, both alphabet and amazon were all about those cost reductions andy jassy used the word streamlining a lot andy jassy was on the call this is the first time that we've heard a ceo on the amazon call in years, and i think it was bernstein this morning said that alone spoke volumes he started by saying, you know, now is a good time to come on. he recognizes the macro backdrop and recognizes where amazon is right now, given the overhiring and overcapacity i think david said it earlier, it's a good point, since 2019, revenue has nearly doubled at the company but take a look at losses or that profitability rather, it has gone from a p

i'm deirdre bosa with carl quintanilla and jon fortt. today, lyft craters guidance, tanking that stock more than 30% after earnings expedia shares also lower after its own miss on revenue. the ceo joins us exclusively this hour. later, the ceo of draftkings live from phoenix ahead of the super bowl with a 30-second ad spot going for $7 million this year, carl >> dee, we'll start with the move lower in stocks for the week the nasdaq up 12% for the year, but on pace to break a five-week win streak that divergence between the performance of the major indices is a big one the nasdaq outperforming the dow by double digits in '23. although i know mike santoli has taken issue with some of how that's sliced. >> well, it's factual. and i think the main takeaway is that you just turn last year's standings upside down. that's what you got. so, this january into february in particular, you have one of the more pronounced worst to first type dynamics. i think you can pull back a little bit and say 2022 was probably the peak of technology and other me

would know youtube would grow into the behemoth it is today under susan wojcicki >> thank you deirdre bosa with that breaking news >>> our "chart of the day. a stock dropping big time after earnings josh recently bought it. we'll find out where he stands power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market. my ameriprise advisor has helped me navigate uncertain times before, now is no different. with his advice, i'm confident i'm on track. the plan we created is for the long term. no wonder clients rate us 4.9 out of 5 in overall satisfaction. ameriprise financial. >>> we are back and it is time for our "chart of the day. and, josh brown, there it is it is toast which today is burnt. it's down 21.5% on earnings. you ju

bo, back to you, deirdre bosa >> about two months ago this was a cheap stock relative to, let's say,elf in the past and all of a sudden the stock is up 50%, 80 million mark cap. it's a great balance sheet but here's the deal. this year expected to grow, earnings and sales 10% trading 40 times in about eight types sales. it's not a cheap stock those growth numbers, this is not like -- i -- they're growing 10%. >> and i think your point is it these numbers are coming where i think there's still a lag effect and i think if you look at a lot of the travel stocks and said it with airlines and other parts of the hospitality place, you have a case, those margins are great. they indicated even at 23 will look like 22 the revenue.y acronyms but well above 2019 levels for a lot and that's the interesting part can you assume it stays, no. >> julie >> you know, i think if you think about air wrooeb writ large it plays into this travel trend and bounce-back. you still have vulnerability in terms of any downturn or softness i think about where in the labor pool is using airbnbs and it's typically

i'm carl quintanilla with deirdre bosa jon fortt is on assignment. >>> the nasdaq continues struggles to build on a five-week win streak which takes us to pinterest, take-two and activision exclusives with the ceos of bill and on semi. one warning a slowdown is here. >> that's helping to keep the nasdaq under water the index has come out swinging this year, notching five straight weeks of gains. that is its longest winning streak since it reached record highs back in november of 2021 sentiment was a little different then this comes despite bumpy earnings from the biggest names in tech, including the mega caps which we've heard from over the last few weeks what can we look for for the rest of the quarter, the year? sara buller joins us thank you for being with us. what's going to be driving the tech trade for the next quarters, for the next year? earnings were bumpy to weak, but the market seems to have taken it in stride what keeps it working amid higher trades and the weakening macro? >> the climate is climbing a wall of worry and i think it takes into account that the stock market i

i'm carl quintanilla with juliannajon fortt and deirdre bosa we'll tell you what's driving the latest buzz word. >>> the exclusive with arm ahead of the coming ipo. >>> later on, the future of television, the biggest media insiders in the industry predict the next three years for tv. jon, you definitely have the lead today >> yeah, carl, i'm here live at microsoft headquarters in redmond, washington. this is about artificial intelligence openai ceo sam altman tweeted a photo of himself with microsoft ceo satya nadella. microsoft's multibillion investment in that company comes atdz they pushed hard on ai being the next great accelerator for their software business. i'm going to be speaking to satya nadella live on cnbc this afternoon, late morning pacific. the question now, how much of a first mover advantage does microsoft have with this openai partnership? i recently spoke with the ceos of c3.ai, forthought and large language models and how those are improving their ai models. i spoeke with the ceo of navan, integrating chatgpt to automate expense reports. that news out today. google

i'm carl quintanilla along with deirdre bosa and jon fortt today. ahead we'll speak with the ceos of three big movers today. twilio surging on earnings and this buyback announcement, and synopsys and toast gets burned, down 20-plus percent after a wider than expected loss. >>> opening the door for more gains, doordash up 43% this year ahead of its earnings after the bell we have a preview of a very busy session on the micro and macro, dee. >> we begin with a look at today's markets. investors are digesting that harder than expected ppi report, and hawkish commentary from fed president mester the dow industrials down 0.7% and nasdaq comp off 0.5% cheeldz are shooting higher with ten-year back above 3.8% we are getting news out of the new york fed let's get over to steve liesman. >> the new york fed in fourth quarter household debt reported debt surged by $394 billion in the fourth quarter prp that's the largest increase in two decades. breaking it down, mortgages up a strong $254 billion. credit cards up $61 billion, the largest quarterly increase in

i'm carl quintanilla with jon fortt and deirdre bosa this hour, higher for longer a couple of fed officials with hawkish commentary as hedge funds rush to rally at the second fastest pace in a decade. we'll debate the case for a new 50-basis-point hike. >>> a dash of doubt. doordash unable to hold gains despite an upbeat outlook. we'll hear from tony xu. snooi. >>> salesforce to settle we hear they soon may reach a deal, ahead of exclusive interview with steve ballmer from the l.a. tech summit. jon? >> would he start with what you mentioned first, fed higher for longer jim bullard and mester making it clear a 50-point rate hike is back on the table for next month. steve liesman has the details. >> hawkish speech yesterday, braces for an onslaught of speeches next week more than a quarter of the fed committee is scheduled to take the podium to talk about the economy, along with minutes from the february meeting cleveland fed president loretta mester and st. louis' jim bullard said they supported a half-point hike at the february meeting and wouldn't rule one out for the next one all of this

i'm carl quintanilla with deirdre bosa jon fortt is on assignment. >>> the nasdaq continues struggleson exclusives with the ceos of bill and on semi. one warning a slowdown is here. >> that's helping to keep the nasdaq under water the index has come out swinging this year,ot

let's bring in deirdre bosa to give us more here.cost cuts, that's it, david. efficiency that mark zuckerberg can only dream of. listen to what brian chesky said on the call last night. >> in the height of the pandemic we made difficult choices reduce our spending, making us a leaner and more focused company and we've kept this discipline ever since and over each of the past two years, we've only modestly increased our head count in fact, compared to 2019, our head count is actually down 5% while our revenue is up 75%. >> guys, think about that. it's a pretty amazing stat that they did mention quite a few times on the call, decreased head count 5%, increased revenue 75% since 2019 that's how this became a profitable company it is in the sharing economy which we think of as money losing but airbnb made nearly $2 billion in gap income last year the cash flow more than $3 billion, notched its first full year of profitability it is sitting on an enormous stash of cash at this point. interest income alone was $103 million in 2022 and this

i'm carl quintanilla with juliannajon fortt and deirdre bosa we'll tell you what's driving the latestad of the coming ipo. >>> later on, the future of television, the biggest media insiders in the industry predict the next three years for tv. jon, you definitely have the lead today >> yeah, carl, i'm here live

i'm jon fortt along with deirdre bosa and carl quintanilla.hat that means for the markets and the high bid of plays plus, checking in on the semi. we'll speak with the ceo of global foundries as that stock rallies more than 6% on the back of strong results. >>> coinbase up nearly 2%, looking to break its eight-day losing streak as the stock fell more than

. >> with deirdre bosa, where she pushed pat gelsinger >> it's like dustin hoffman in "marathon man."> is it safe? >> which one is olivier and which one is dustin hoffman? i'm tired of it. i'm tired of it because people at home watch, and they say, oh, look at that size dividend, and they just reassure it and they slam this guy, cramer, when he suggested the dividend may be in jeopardy i'll buy some intel. why hurt people? why not just say, i don't know there. i don't know >> from a broader perspective, just we sit here every day, as i have for decades now, covering these companies, i mean, the decline of intel as what was once the most blue chip of blue chips, the most add fired companies under andy grove, greg barrett, the leader in the world in chip design, production, and what has happened. take a look at 20 years. there it is. nothing. you know, you've got no real return in the stock market over a 20-year period obviously, the rise of nvidia, the rise of amd. but it is amazing how they lost their way, and where do you sort of come down >> when they hired a sales person as the ceo

i'm carl quintanilla along with deirdre bosa and jon fortt today.e ceos of three big movers today. twilio surging on earnings and this buyback announcement, and synopsys and toast gets burned, down 20-plus percent after a wider than expected loss. >>> opening the door for more gains, doordash up 43% this year ahead of its earnings after the bell we have a preview of a very busy session on the micro and macro, dee. >> we begin with a look at today's markets. investors arst

i'm deirdre bosa along with jon fortt and carl quintanilla >>> tensions in the sky with u.s.curity company checkpoint beating estimates and in positive territory. we'll talk exclusively to the ceo. >>> is the nfl that keeps linear tv alive we'll discuss that. >>

. >> let's get to tech check's deirdre bosa who can help us make sense of that tape. >> imagine thatg and his team pulled wall street and did a thought be bubble and efficiency was the word that came up biggest. i'm glad you didn't run through 41 mentions but it was the theme. it's the theme of the morning and probably the theme for the big earnings reports tonight efficiency for meta is what wall street wanted and zuckerberg delivered. perhaps most importantly was the capex number right most appealing ahead of earnings buy side, they wanted to see that reduced by $2 billion, they got potentially twice that, $4 billion or more. on the year of efficiency it's important to step back and ask why. i was glad one of the analysts on the call did exactly that and asked zuckerberg, listen, why now? do you see something on the horizon that you're trying to get ahead of the macro picture is that we've all spent so much time talking about many ceos have spent time talking about it, and zuckerberg actually didn't really say that. he said he started on this route towards efficiency, and it starte

i'm deirdre bosa with carl quintanilla and jon fortt. disney, 5,000 employees laid off.d an end to the proxy fight right on our air this morning. >>> sonos shares higher after a big beat on revenue and earnings the ceo with us exclusively this hour. >>> affirm gets a bump and we look ahead to paypal tonight