eamon javers has the headlines here. eamon?porter: the president not specifying exactly when we'll see that $500 billion, but masa son of softbank saying he's going to spend it all in donald trump's second term here. trump also saying that this project will create 100,000 jobs in america, and the ceo of openai, sam altman, saying it's very important for him, this project is built in the united states. that is something the trump administration wants to emphasize with this announcement, this is a made in the usa a.i. event. and especially with the importance of a.i. globally in terms of transforming the global economy, they want to be sure that all of the biggest technical investments are here. as you heard the president say, and not in china, guys. >> all right. eamon, thank you. eamon javers. let's bring in dan ives at wedbush. you've been listening in to the president's press conference. as an analyst who covers a lot of these names, at what point do you start actually modeling in? do you wait until there are contracts or do

. >> eamon javers got the details eamon. >> hey there melissa. >> well. >> the freeze is now. >> officially itself. >> frozen thanks to a federal. judge who's just issued a pause on the trump administration's freeze. that freeze was expected to go into effect or is scheduled to go into effect about 13 minutes ago. the federal judge. >> now saying. >> that that will be on. hold until monday as the judge sorts out the competing claims here as. >> to what. >> exactly the. trump administration. >> froze, what. >> legal authority they had to do, that. >> and the arguments. >> presented by the national council of nonprofits. >> to all. >> of this. so for now, a judge stopping the trump administration's. efforts to freeze funding. to all nonprofits, non-governmental organizations and states, as the. >> judge says, they're going to take some time here to look at this one. melissa. >> back over to you. >> all right eamon. >> thank you. >> eamon javers. meanwhile. >> the. >> house gop conference is also gathering here in. >> miami this week. >> emily wilkins joins us with all the details. emily. >> h

for more, let's bring in eamon javers. eamon, good morning. >> reporter: good morning, frank.e technology and media companies will be seated on the platform for the inauguration of the american president. here's what we ceos of amazon and x and microsoft will be on the steps of the capitol for the swearing in with stakes for donald trump. this goes back to the question if these folks count as an oligarchy you raised. for tim cook of apple, it is tariffs on chinese goods. trump called for tariffs as high as 60% and said apple is said to produce as much of 5% of iphones and macs in china. jeff bezos has contracts with the federal government and smaller rocket company blue origin. he feuded with trump in the first term in office has sought to mend the relationship visiting mar-a-lago in december. decided to decline to make endorsement in the election. the stakes are dramatic for sundar pichai with the breakup looming. the justice department will make the decision in the case. that may be an opening for google here t.. it is more personal for mark zuckerberg. trump threatened to e

eamon javers joins us with some new details. good morning, eamon. >> good morning, sara. this is something we've never seen before, the ceos of ome of the most powerful and wealthy technology and media companies in the world seated on the platform for the inauguration of an american president. here is what we know, the ceos of apple, amazon, google, meta, tesla and of course the social media site x will all appear on the capitol's west front. each company has enormous stakes, in some cases possibly existential stakes, in decisions that could be made by president-elect trump. for tim cook of apple, for example, it's all about u.s. tariffs on chinese goods. trump has called for tariffs on imports from china as high as 60% and apple is said to produce as much as 95% of its iphones and macs in china. jeff bezos's amazon has enormous contracts with the federal government as does his smaller rocket company blue origin. the billionaire who feud wally dallenbach trump during his first term visited mar-a-lago in december, the "washington post" broke with precedent and declined to

. (♪♪) >>> we await the election certification, let's get down to eamon javers. eamon?oment for history as kamala harris, the vice president of the united states, certified the election for donald trump in the house chamber in her role as president of the united states senate. we saw cheers and a standing ovation from the republican side. a handshake between kamala harris and republican speaker of the house mike johnson. and such a historic moment as kamala harris, the vice president, certifying the election result for the man who defeated her, donald trump. in the room with her, as you can see there, surrounded by well wishers is jd vance the man who will succeed kamala harris as vice president of the united states. jd vance, getting hugs, handshakes, warm greetings from republicans on the right hand side of the aisle there. as you look at mike johnson still presiding over the house chamber. kamala harris has just left the chair to his left, just a couple of moments ago. and that is it, kelly. it is official now. this election has been certified. donald trump will, as

eamon javers here to wrap the key takeaways for us. eamon? >> the president outlined a three-stage process that's now been agreed to by israel and hamas, and part one of that process is a six-week period of time in which they're going to work out the release of some of the early stages of hostages, including, he said, the elderly, women, anybody who's wounded. and also any american hostages will be released in that first phase. phase ii is going to be the release of remaining living hostages, including male soldiers. and then in faze iii, the president referred to a major reconstruction of gaza, which has been absolutely devastated in the wake of israel's invasion there, in response to the october 7th terrorist attack. so all of that taken into place, the president suggested, sets a road map now for peace and development in the region, even though this is just a cease-fire deal. this is president biden, who's clearly optimistic about the future in the region, in the wake of this nearly year-long negotiation. the president saying that this is

eamon javers. we said we could benefit the likes of meta, snap, et cetera.? >> yeah, i would say if you're looking to trade this, i would actually argue that snap is a better beneficiary than meta. you're seeing reels from meta is going to benefit. a younger cohort on tiktok, that had a bigger bump. i wouldn't trade it based on just that. i think this is a political football that's thrown around. you're seeing how they're talking about this. trump is coming in and saying i oppose this, this happens the day before he comes in office. yes, could it benefit snap, probably. i just don't know if it's that realistic. i would probably stay out of it. >> meta with the move toward trump, that will be the eclipse, that will be the real tailwind for that stock. so still bullish on meta, with or without this ban on tiktok. i agree, snap has the most direct, because the age group of people that are using snap. and i also agree that if trump is already talking about he wants to have a political decision on it, he's erring on letting it exist. it could be wiped out immedia

eamon javers has the details. scott. eamon, what do you have? >> hey there.re scott. >> bessent does. >> now have the. >> votes to be confirmed as treasury secretary in the trump administration. >> scott bessent, of. >> course, a former soros fund management partner, founder of key. >> square group. >> a yale veteran. >> and now. >> he will. >> be secretary of treasury in donald trump's administration. >> this is. >> something that bessent campaigned for in mar-a-lago in november and december narrowly won the job, although there are some doubts at the last minute whether he would get the nod from donald trump or not. he did get the nod. he now has the votes. >> and. >> he will be the next treasury secretary. >> courtney, back over to you. >> thank you very much, eamon javers in washington. up next, your final trades. >> to date recommending netflix has been the right call every step of the way, even when its stock looked expensive in the past. now, i've been pounding the table on this one for ages, and i'm certainly not going to stop now. >> mad money next. c

our eamon javers has more from washington on this. eamon. >> hey there melissa. >> i guess you could call this a couple of shots fired across the bow of the federal reserve from president trump today here at the white house. and those two different sessions that you're talking about, one this morning, speaking remotely to executives in davos, in which he said he's going to demand that interest rates start to come down immediately, not naming federal reserve chairman jay powell by name, but clearly that's who he's talking about and saying that he expects that interest rates around the world would follow. and then in a session with reporters in the oval office here at the white house later in the afternoon, he was talking about interest rates. and here's what he said. >> i think i know interest rates much better than they do. and i think i know certainly much better than the one who's primarily in charge of making that decision, but know i'm guided by them very much. but if i disagree, i will let it be known. >> so you heard the presiden

eamon javers has that for us. we learn now eamon. >> scott. >> the president has been talking to reporters inside the oval office as he's been signing some executive orders over the past couple of minutes. we'll have that tape out here momentarily. but a couple of headlines to bring you as we talk about that. one is that the president talked about interest rates and the federal reserve. he has told the reporters that he would consider talking to jay powell about interest rates. he said to the reporters that he does expect the fed to listen to him on interest rates. and this is, of course, the president, who earlier today, speaking to that crowd in davos, said that he wants he will demand that interest rates come down. so that's one bucket of headlines around the fed and his relationship with jay powell. another one is going to be on an executive order here on cryptocurrency. we're waiting for a little bit more detail from the white house on exactly what this document that he signed is. but he's creating a working g

eamon javers has that for us right now eamon. scott. >> we've got a new. post on social media from the white house press secretary. >> caroline leavitt. in the new post. >> the press secretary is saying that the white house. >> is aware. >> of the medicaid website portal outage. she says, we have confirmed that no payments have been affected. >> they're still being. processed and sent and we. >> expect the. >> portal will. >> be back online shortly. now, the shutdown of this medicaid. portal affects, obviously millions of people, billions and. >> billions of dollars. in spending. >> to doctors and hospitals inside the country that. benefit people who are on the medicaid program. scott, all. >> of this. >> resulting from confusion around today's executive order, last night's. >> executive order. >> from the president directing. >> federal agencies to. disrupt their. >> spending, put a pause on. federal spending. and the white house. >> has spent. >> much of today clarifying. exactly what they meant. >> by this. >> and, scott, it may. >> be that a lot of thi

>> eamon javers is all over that story. hackers. that was a big deal.t and do the -- by the way, when is new jersey getting rid of this full service thing? it's got to get over it. it's over. >> now every other state should bring it on. >> it was oregon and i think they killed it. >> they did. >> oregonians, let me know. thanks for watching "power lunch." >> "closing bell" starts right now. >>> welcome to closing bell. i'm scott walker live from post 9 at the new york stock exchange. this make or break hour begins with the road ahead for stocks amid rising rates and pickup in volatility ahead. we ask our experts how to navigate the changing environment. we will show you the score card with 60 to go in regulation. we have the dow now green but s & p 500 and nasdaq is red, cooler than expected ppi sending all three major averages higher today. yields did not budge that much. that's why we look inway we do. there is the ten year below 10.80 an

shares are jumping on news it's planning a venture on ai infrastructure, that announcement from eamon javers coming from the white house. we are also counting down to netflix earnings after the bell, that stock has been on a huge run lately. we'll ask our experts, including a shareholder, how much more it can actually run from here. the talk of the tape, the road ahead for stocks in a new trump administration, let's bring in our panel to discuss. liz young thomas, head of investment strategy at sofi, anastasia amoroso with i capital, at post nine with me. welcome, good to see you. liz, are you surprised by this reaction in any way? i mean, what do you think it means about where stocks are heading from here? >> i wouldn't say i'm surprised. i think the timing of it was beneficial. we had inauguration, first day of the new administration, on the heels of the ten-year down back closer to 4 1/2, which we know was a friction point where stocks stopped liking it, and two inflation prints that didn't scare it for the end of 2024. i think we're coming in with the momentum intact from a sentiment per

eamon javers keeping track of it all. ite. >> house says they. >> expect 5 to 10% of the. federal workforce to accept their offer for what they're calling a deferred resignation. they say that could save the taxpayers as much as $100 billion annually over the long term. the deal on the table is if you resign by next week as a federal employee, you can collect full pay and benefits and retain your pension until september 30th, even though you will do no work. >> the new. >> department of government efficiency posted this. >> morning that. >> employees, quote, can take the vacation you always wanted, or just watch movies and chill. while receiving your full government. pay and benefits. that comes as the white house is beginning to fill in the details of an abrupt federal payment freeze that went into effect yesterday. officials here now say this is not a blanket stop work order. >> instead. >> it's an effort to identify and eliminate programs. >> that are not. >> politically correct in. >> the maga. >> era, such as diversit

our colleagues in dc, eamon javers and megan casella, they actually did some reporting earlier this morning and found that the white house actually hasn't heard from the banks, hasn't heard from bank of america as of, you know, earlier this morning when they reported it. so it seems like there hasn't been as much of a direct communication back and forth over the issue. that said, it was absolutely trending on twitter. a lot of people were kind of tweeting about their own bank accounts being canceled. again, it's always difficult. and we talked about this a lot yesterday. always difficult to know the full picture because the customers and former customers are not always typically not given a reason for why their accounts are closed. so it's easy to kind of draw conclusions where it might be, you know, another cause entirely that has prevented the bank from doing business with any particular person or business. >> notable to les, don't you think that, you know, bank of america was a big winner yesterday, even after president trump said what he did? >> yeah. >> and it's green again today. and

eamon javers with a bit of a curtain razor on what he might talk about. >> carl, that's right.liar with the president-elect's remarks is the announcement of a $20 billion investment in data centers in the united states. this is a new investment that the president-elect will tout as coming to the u.s. economy. it's $20 billion for data centers that will be across the united states and the i'm investor is the chairman of damack properties an emirati billionaire, somebody close to the trump family and organization for a long time. he has partnered with the trump organization in the past for trump-branded properties in the middle east and now according to a source familiar with the remarks we're expecting the president-elect to announce here in just a few moments that he is investing $20 billion in data centers in the united states. we will wait for the official announcement here, the official details, but that is what i'm told we should expect in the remarks. also we do expect the president-elect will take some questions here, so that could range to a whole host of topics, in i go

eamon javers joins us right now. he has more on the story. y, this is something we never seen before. the powerful media companies in the world on the platform for the inauguration of the american president. the ceos of apple, amazon, google, meta and tesla and examination will x will appear on the capitol. each company has enormous stakes in decisions that could be made by president trump. for tim cook, it is about tariffs on chinese goods. trump has called for tariffs on china as high as 60%. apple is ing 95% of iphones and macs in china. jeff bezos with the contracts with the federal government and smaller rocket company blue origin. he sought to mend the relationship between the two visiting the president-elect in mar-a-lago in december and the washington post which bezos owns, declined to make an endorsement in the election. google's sundar pichai with the threat of the breakup looming. the department of justice will make crucial decisions on the case. trump talked about skepticism about breaking up google. it is more personal for mark zu