the expectation is we get an 8-1 vote split.tation that catherine mann will be the only one devotes for a hold, so it will be endeavor surprise if she goes for a cut or the arch dove votes for a jumbo cut. the focus is also on the path ahead, and the expectation is the bank of england is not going to dig the line in the guidance that's says a gradual approach to removing monetary policy restraint remains appropriate. will be surprised if they are noncommittal later on today, but this brings me to the forecasts. if we flip over the board, there will be more focus on the forecast if you were sitting in downing street, if you are the chancellor of the exchequer rachel reeves at than on the decision itself. the bank of england is expected to downgrade its growth forecast, but if we flip the board for quite a balance expect the bank of england is also going to upgrade its inflation forecasts. i should say this is on an outdated market curve. a difficult conversation for andrew bailey, but this could be embarrassing for the chancellor

and it was mainly thanks to inflation expectations. a big wow number in that one year inflation expectations. one full percentage point higher than last month and also than the expected number. so coming in at 4.3%. that's where the respondents feel the inflation will be in one year's time in. five to 10 years time, that's a tick higher than expectations. so let's have a look at the 10-year yield. and this is what you had today you had after the jobs data, putting on five, six basis points. not the craziest of moves but at the same time, a very significant move in terms of symbolism. and then after the michigan data, we talk that 4.5 mark. not too far past it. we come back down a little bit. the fed though is not in a very forgiving mood giving them potentially a reason to keep calm and carry on. >> one of the things that i wanted to emphasize is that we are not focused on whether the fed is going to cut, not cut. we're focusing on is lowering rates. i mentioned that the 10 year is the important price to focus on. it's mortgages, it's

you had expectations of higher costs, but expecting them to be flat for the year.alk us through these expectations. >> if you look at underlying costs, excluding one of incidentals, for the full year we were in line with guidance of around 5.3 billion and the second half of the year, costs were higher, as expected. number one, we increased our collective label -- labor agreement. you saw a net inflow of additional ftes where we were expecting to scale up on the second half of the year. we do expect we have reached the inflection point of new higher and we are finalizing some of our more structural regulatory programs so that is why we are more confident in the outlook that we can remain underlying roughly flat cost base going into 2025. lizzy: we expect you to bring on board a new ceo at the end of april. i wonder if that is still the plan. the dutch stake is reducing its stake to 30%. what is the strategy going ahead in 2025? openness may be for some potential m&a? >> number one i'm very glad a new ceo is proposed but clearly, they are pending regulatory approvals

that topped expectations.t figure, which was largely driven by service providers, comes after december's print showed growth of 176,000 jobs. adp's jobs print comes ahead of friday's key nonfarm payrolls report, with forecasts pointing to jobs growth of 169,000 roles. speaking to cnbc, adp chief economist nela richardson forecast a robust number for friday's data. >> the january report for adp and the numbers that you'll see friday from the government have been re benchmarked with a w number that it pulls the numbers together for january. and so what i think you'll see from from both adp and on the friday report is strength ending the second half of 2024. that carried over into the first month of 2025. >> investors are watching the bank of england today as it reveals its latest policy decision, with markets. >> pricing in a. >> 25 basis point cut. the central bank's third cut since the pandemic. you can see on your screens there how gilts are trading. this morning you got the 30 year down just above the 5% lev

growth like now, you expect 7 7 7 expect boe 7 7 7 expect boe to 7 7 7 expect boe tojump 7 7 expectortu nately, interest rates but unfortunately, we have also got pressures which will up through which 9:.= 7 "7931993977" ,., " 7 7 7 79319231795? 7 777 77 7 7 7 79319231795? the 7 77 77 7 7 7 79319231795? the 73675 77 ggake it difficult for the boe cut as much as maybe people to cut as much as maybe people they still might but on the 77 on the balance 7 7 77o77n7th7e 5512579719 7 depends on the balanee 9f and demand. depends on the balahee 9f and demand. they supply and demand. they might yes, have temporary help supply and demand. they might �* gas have temporary help supply and demand. they might �* gas prices re temporary help supply and demand. they might �* gas prices butemporary help supply and demand. they might �* gas prices but looking / help with gas prices but looking that government beyond that the government needs more support. but they told us last week that they told us last week is that they want to do it very carefully. great to have you with us, liz. thank you. us in

i expect a fair amount of volatility.ts in many ways already have become desensitized to a lot of the rhetoric. you get some significant rhetoric in terms of tariffs and different things. early all you saw big moves and you see less of that now. i think the next key is to see how a lot of this turns into actual action. how it turns into certainty. in general, that will be a positive thing for markets. sonali: not list any potential future near-term volatility, you think about the treasury secretary's argument for lower yields ahead in the face of most investors thinking higher for longer, raining in the budget deficit, having non-inflationary growth, bringing down energy prices. jonathan, do you buy what the treasury secretary is putting down? jonathan: i go back to the comment earlier as a relates to potential growth in the u.s. economy, which we still see in the 2% area and how we think about the path of inflation over the near and intermediate-term. the movement we have seen in treasury yields over the course of the la

and the largest source of revenue for their i expectations a think expectations became a bit heavyinprice over the last of price over the last couple of weeks. i think now the reality has set in that they are tight the some tight wind from the currency, that was the main factor mentioned iforqi thecloud eetteehfer 9! arts! the steels! continues to be unit continues to be challenged by the same sorts of capacity constraints that face its rivals google and microsoft. but that eat it did indicate that hither" " " months, eat it did inditete that ih'thef” " " months, in coming months, particularly in the second 7 �* of the year would expect to see that aws accelerate once 7' it it can meet consumer once it can meet consumer demand. once it can meet consumer demand- — once it can meet consumer demand. ., ,, ., ~ ., 7 fa7tors that those factors that have clearly disappointed on wall disappointed investors on wall street? imagine the but 7 7 buti 7 7 buti 7 �*as 7 but i 7 �*as well7 dollar but i wonder as well have of them took have some of them took fright the scale the investment at the s

ecb we don't expect as many cuts in the u.k.s the ecb, especially with greater fiscal spending in the u.k.. >> but possibly slipping out of that quarterly cadence. charlotte, thank you for those insights. and now to some other stories making move. she and is said to be offering incentives for apparel suppliers in china to open new production lines in vietnam to reduce the impact of president trump's tariffs. we are told they are offering up to 30% higher procurement prices to help to build facilities. a spokesperson confirmed plans without elaborating. while they have set up supply lines in brazil and turkey, the bulk of the operation remains in china. and a former credit suisse chief executive has given up his french citizenship as he prepares to run in the ivory coast's presidential elections. one of the conditions to qualify for presidential candidates is exclusive ivorian citizenship. and france will announce 109 billion euros in investment and artificial intelligence products. speaking on the eve of an ai summit, he also me

— expect? we expect him to reiterate _ expect? we expect him to reiterate the _ expect?

and as you say, expecting.his crowd expecting here, but a different look to see at a different location in gaza, those four other hostages to be handed over. we don't really have a timeline on that at the moment, but but it's expected to be fairly soon. >> if everything goes according to plan, as you say, we could see four more men released by hamas militants. i wonder, can you tell us a little bit about the conversations you've had with the people around you there in tel aviv? is there a amid the celebration? certainly. is there also some pretty stiff and realistic expectations among those people that their prime minister will be receptive to sort of turning the page on the next chapter, which could potentially be the next phase. that could mean more hostages, but also, um, some. concessions, if you will, from the israeli government. >> yeah, i'm not sure of the concessions that people here have in mind. i mean, there is this real understanding here that the next phase is going to be difficult. it's going to b

so as we will expect some showers tomorrow, a more potent storm mix is expected tomorrow on monday. and that is a cold one. so we could see more snow with this one in the mountains. back to you. thanks, gayle. >> still ahead on kron for the latest on a jet that crashed the homes and businesses in phildelphia. >> plus, the search continues tonight for the survivors of the deadly midair collision in washington, d.c.. stay with washington, d.c.. stay with us. i'm not happy with the way that pg&e handled the wildfires. yeah. yeah. i totally, totally understand. we're adding a ton of sensors. as soon as something comes in contact with the power line, it'll turn off so that there's not a risk that it's gonna fall to the ground and start a fire. okay. and i want you to be able to feel the improvements. we've been able to reduce wildfire risk from our equipment by over 90%. that's something i want to believe. [skateboard sounds] >> welcome back. a man is in jail tonight for allegedly backing his car into a fire truck in san francisco. according to police, the incident happened athe intersec

thunderstorm chance that's expected to expire right now at about 3:00.ut as far as i can tell, the national weather service still has that thunderstorm chance in its alerts. and of course, strong, powerful winds, the possibility of downed trees and power outages. let's take a look at the forecast animation notice over the next couple of hours. see these darker colors? the reds and oranges filling in there with the yellow. these areas indicate the most intense storm activity. the heaviest downpours, the strongest wind gusts. this will be swinging through the bay area over the next few hours, which means that during the evening commute, we will be receiving some of the most widespread storm activity we've had all day and some of the most intense. but the encouraging news is that later in the evening, by 8:00 or 9:00 or so, we expect most of this to have moved well to the east of the bay area, and we should be experiencing calmer conditions. but of course, the damage will already have been done in terms of saturated soil receiving so much rainfall. we're ex

so you had access in, in in brussels who said that you should not expect ukraine should not be expectingo pre 2014 borders, that ukraine would never join nato. and yet vice president j.d. vance, just in the past few hours, said that those options are still on the table should russia not negotiate in good faith. so while it does appear that trump is prepared to make to force ukraine to make major concessions to russia, essentially delivering a win for putin, some of some of his some some people on his team are sending different signals so far. >> you talk about that as a potential win for president putin. and many are saying that the phone call itself is already a win for putin. he got a conversation with the us president. we know he likes to be on the global stage, and the call took place without zelensky. so ultimately, i mean, for putin, he's already won a peace anyway. >> indeed, this is a win for putin already. he is getting exactly what he wanted, which is not just to force ukraine to make concessions, but also getting to negotiate directly with the us, because that's what putin has

i think america expect that much ado about very little.ll rica expect that much ado about very little. i think will hand xpect that much ado about very little. i think will hand over:that much ado about very little. i think will hand over gaza to israel will hand over gaza to america, so we can do that because we don't own gaza, it's gazais gaza is palestinian. not ours. gaza is palestinian. as soon as we entered the war, have 7 have to do it now, we have to pull 7 we have to pull out gaza after all ” wgaza afteriallrthe" from gaza after all the are returned back hostages are returned back to then we have to be a force security force that will prevent any further terrorist actions comingrfrom in actions coming from gaza in the future. gaza has be rebuilt actions coming from gaza in the futl it. gaza has be rebuilt actions coming from gaza in the futl it will za has be rebuilt actions coming from gaza in the futl it will hopefully je rebuilt actions coming from gaza in the futl it will hopefully be 'ebuilt actions coming from gaza in the fu

so let's get a look at what to expect in san jose.ing out with temperatures near or even just above freezing here will be at 37 degrees at 7:00, and at 9:00 it's sunny and starting to warm up. but then here comes the clouds, and that's going to keep that warm up from really going up much higher than the mid 50s for today. here's what to expect with the new atmospheric river coming in. so we start out late tonight into early tomorrow with a little bit of rain coming in, but then it gets heavier and more widespread. rain expected late thursday into friday, and then an elevated landslide threat will return as we see the heavy rain continuing for several hours, and we'll be watching the creeks and streams, expecting the rivers to stay below flood stage. but some of the smaller creeks and streams may rise very quickly, as well as some heavy, heavy sierra snow. so here's a look at what to expect. here we are at 5:00. we're seeing some light rain moving into marin county and san francisco, and then quickly ending as we go toward early tomorr

details on what to expect.nd we continue tracking this intense storm system that's moving across the bay area tonight, lawrence is back in just a minute. hi, i'm greg. i live in bloomington, illinois. i'm not an actor. i'm just a regular person. after working 25 years in the automotive industry, i retired. eight years ago, i just didn't feel like i was on my game. i started taking prevagen and i want people to know that prevagen has worked for me. give it a try. i want it to help you just like it has helped me. i've been taking prevagen for eight years now and it is still helping me tremendously. prevagen. for your brain. >> from >> today, right on through the weekend and be a themed pop-up shops are going to line powell street and a custom basketball court will be even displayed in union square. powell street cable cars will also be showcasing nba all-star 2025. branding in san francisco. the all-star game is certainly bringing out all the stars, including sports commentator and former basketball player kenny

how do you expect that to go? i guess i expect expect delay. some of those really sort of these i expect, but a student business we, we know that a student commission for the can use an extra to use. it says, announced that $183.00. but as soon as we get at least $111.00 of them will be released into the causes, tips to the lot. but the thing is what i understood from the ghost ship after october 7th, i mean that 111. i expect them to be the license, i expected the buyer and the violent and torture they will be subject to to which they have long been subject to since this would continue unto vanessa moments of deliberate issues. so basically at the moment they actually manage to get on the, the i c, r c buses because we haven't heard of the we have heard stories, but it still has. one of them hesitates with root can during a we think type port for being a handed over to the i see, i see. so i expect them to be for the device that there wasn't expected for me to be anxious to be waiting for them. the money over them, the exec 9 people to them ha

does it change expectations about where the fed goes? >> it was interesting to hear why he is calling for the fed to go on pause, saying he needs to progress on inflation. he saw the january cpi figures that came in hot, calling them mildly disappointing but viewed them with skepticism saying the cpi figures for the last few months running have been-weighted the seasonal factor so perhaps the job he sees as seasonal, not having a base effect the fed should be worried about but he wants to see more progress on inflation before the fed cuts again. a note on terrorists, he reiterated he doesn't the tariffs as inflationary as the curve opens lower this morning, reopening after the holiday yesterday, following the european yield rise yesterday, 10 year yields back basis point higher this morning. tom: doesn't see tariffs as inflationary. interesting. valerie, thank you. 7:00 a.m., labor market data. criswell are critiquing or putting our critical eye on the inflation data how -- out of the u.s. there is question about u.k. data validity. we w

>> i agree with that expectation.f you take the cpi data, which is clearly hot but there were a lot of one-off items, but the ppi data was certainly much more helpful. and you look at the pce, which is what the fed focuses on. that is the fed's favorite measure of inflation. we are expecting that the core pce, when we get that data, in a week or so, we expect the number to be like a .29% month over month. so that just basically means that on an annualized basis, inflation would be 2.29% and at a year-over-year rate at 2.59%. to put that into perspective, the year on year number was 2.81%. so, look, not ignoring the fact that there are elements of cpi data that are much hotter than expected. but, the point is to convert that into pce, we actually think that may be some of the angst that we are going to see my the a bit misplaced. sonali: how do you feel about this? do you think that the inflation story will ease enough to finally allow for a rate cut if it is warranted? >> we think that we are probably not going to see

you said he's expected to do it. we do still expect him to do it. we expected him to do it at 1:00. that didn't happen. next window. looks like it's going to be 530 this afternoon for those 25% tariffs on steel and aluminum coming in to the united states from anywhere around the world. there was also this question about whether or not president trump would impose reciprocal tariffs on countries around the world that have tariffs on us goods that i'm told now is going in a separate bucket. so the idea here is in terms of timing, we do still expect those 25% tariffs today from the president. we'll watch this 530 window of time eastern for that announcement. but this reciprocal tariff announcement could come today could come later in the week tbd on that one. the other thing that we are expecting now at 530, which is new, is this executive order from the president on the foreign corrupt practices act, scott. you know that that's the law that makes it illegal for american companies to bribe foreign government officials overseas in order to win business and that sort of thing. that law i

i this is what was expected.othing the think there is nothing the market didn't expect although think there is nothing the n may: didn't expect although think there is nothing the n may not n't expect although think there is nothing the n may not be expect although think there is nothing the n may not be expect alti for jh it may not be good news for inflation but thing sort out on essential thing to sort out on the line. �* , essential thing to sort out on the line. y ., essential thing to sort out on the line. �*, ., ., ., essential thing to sort out on the line. �*, ., ., the line. it's not good for inflation. _ with industrial production falling. imean, is i mean, is it's differently part of this political package to make great again and he said america great again and he said he wants to jobs on he wants to bring jobs on what he is doing in this board. what he is doing in this term of his presidency is slapping on much tariffs all chinese goods and so it's all chinese goods and we expecting tariffs this on eu

the is expected to grow economy is expected to grow 7.75% with to 7 to rise.he effect on any or account, the effect on any trade :r e e the us trump. can you president donald trump. can you break that down �* us when you break that down for us when you are thinking about the uk's economic prospects. actually has economic prospects. actually _ has been - economic prospects. actually _ has been pretty the economy has been pretty flat �*two years now. really flat for two years now. really very little growth since the if??? little effifitfi iifirié the of 15??? little effifitfi eifiié the of the 15??? little greeth einte the of the drivers etert et sees: he resin efrieere’ "”’ this — monetary for this — monetary policy remains restrictive, it is tight even after tight eeen etter teees's rates cut. fiscal fistightening is tightening with policy is tightening with tax rises which are signifieent tee rises ethieh'ere assesses? signifieent tee rises ethieh'ere ~ ... ~ , in. trade policy kicking in. and trade policy uncertainty of tariffs uncertainty risks of tariffs threatens

well, yes, we are all expecting to rescratch.elieve this one will be $5 billion in cost saving. it is a little bit disappointing for the marriage i think we expected more from hsbc giving quite strong 2024 results. however, i think we are expecting more details. we like to have more transparency. what byes will be affected and what will be the -- the run cost rate in the future to analyze better the progress. >> the stock is up in hong kong about .10%. we'll see how it plays out in the u.k. session at the open, thomas. what is the market reaction likely to be and investor treks the details that have come through from these earnings? >> we have seen hsbc's shares more than 30% since september last year when they took over as c.e.o. i think -- i will say that most of this guidance, the cost-saving plans will be on the marriage and now the next thing will be to understand what would be the cost base and where the lost take place and what impacting will it have on revenue? because we would like to see better generation of revenue fro

and of course expectation that we reported that will see more tariffs this week.ox news digital political correspondent brooke sigman with all the details. >> that's right the global tariffs on steel and aluminum are expected to please steelmakers but her allies like canada and mexico. watch. >> this is the beginning of making america rich again. our nation requires steel and aluminum to be made in america not in foreign lands. we need to create in order to protect our country's future resurgence of u.s. manufacturing and production. the likes of which has not been seen for many decades. we will bring back industries and will bring back our jobs and will make america and district great again. >> canada and mexico pledging to boost border security but trump told fox news bret baier he wants to see more action from both countries during the pause and tariffs. watch this. >> you announced tariffs on canada and mexico immediately got action from both of them border security and drug interdiction. is that good enough? >> no it's not good enough. >> more needed than 30

expectations were for 3.1. the news sending markets way down to session lows, the dow trading down about 425 points. s&p, this is premarket, of course, down 64. nasdaq down 254. treasury yields, as you can guess, are spiking. the 10-year is soaring above 4.6, that's an 11 basis point gain. and the 2-year approaching 4.2%. on the show today, an american teacher wrongfully detained in russia since 2021 finally returning home. he arrived at the white house last night draped in an american flag where he was welcomed home by president trump and top lawmakers. meanwhile, it was a presentation like no other we've ever seen in the oval office yesterday. president trump joined by elon musk and his 4-year-old son x revealing incredible details of how and how much of america's wealth is being being wasted by your government. elon musk also shooting down claims that in that he is orchestrating some kind of hostile takeover of our government. and at 11 a.m. today, the full senate is expected to vote on tulsi gabbard's nomin

what we can expect from this meetii we can expect the |l le77ader, leader, who le7ader,7who 57.3727 7 americans over the past few days over the issues of gaza and ukraine, i of gaza and idkraine; i expect will probably fill in he will probably fill in the arab leaders ahead of the emergency arab summit on what arab leaders ahead of the emergency arab 5 have it on what arab leaders ahead of the emergency arabs have reached it these discussions'have— reached way of potentially bridging by way of potentially bridging the gap in positions between by way of potentially bridging the united jositions between by way of potentially bridging the united states is between by way of potentially bridging the united states and itween by way of potentially bridging the united states and the en by way of potentially bridging the united states and the arab countries. remember that e the saudi capital, has riyadh, the saudi capital. has several members of the hosted several members of the trump us, ...u 7: of marco 7 of marco rubioi secretary of state marco rubio, national security adviser waltz, there

we expect a little bit more rain. we expect a little bit more wind.levels are going to be dropping as it is a colder storm as well. so between this afternoon and late tomorrow night, anywhere from 2 to 3in for most of our urban areas, even close to four in areas of sonoma county, napa. and then as you look towards ben lomond and the santa cruz mountains, five inches so our hills could see five inches of rainfall, we do expect low lying flooding. we expect ponding on the roadways. and as we mentioned at the top of the hour, there is a flood watch that goes until early wednesday morning. meanwhile, the sierra going to pick up a few feet of snow and snow levels will be dropping today above 5500ft. we're looking at that advisory for travel, but we could see snow levels dropping all the way down to about 3000ft at some point this week, as the next storm coming in late in the week is going to be even colder. here's a look at what we're expecting for southern california by late wednesday, anywhere from a 10th of an inch to a half inch for many areas. and the

we don't expect this overnight. i look 20 or 30 years out, and i do expect this exchange to be one of the most prominent in the us, and i expect to have a great deal of listings. i'll chair that listing advisory committee and we'll report back to you, scott, once we're underway. >> all right. you're making a lot of friends up this way, richard. we may have to have a conversation with the dean of friedman and lynn martin, to say the least. >> remember who's backing us. blackrock, citadel, schwab, td. all these people are backing us. doesn't say we can't coexist. i'm just saying we're offering an alternative. and i'm grateful to the new york stock exchange for recognizing how powerful the texas economy is and how important we are to the future. >> all right. to be continued. to be continued for sure, richard. thank you. we'll see you soon. richard fisher. thank you for joining us once again. all right. up next apple on a win streak this week. but it is well off its december highs. now morgan stanley's eric woodring he

should we expect more, and what should we expect organic growth wise?ur growth has been organic. it's true we had made a number of important acquisitions, data center business really important, alternative credit, going back a couple of years, real estate business, great franchises, part of an integrated blue owl. we will always explore organic opportunities but we have all the pieces that we need for the chess board. we have ever investor due tomorrow and we are laying out how that chessboard comes together, how we are going to play it in the years ahead. vonnie: you have crossed a billion dollars in assets under management with private credit. we have asked you before, but now what endings are we in? marc: i suppose in the middle endings. certainly not the earliest endings, i remember those days well but it was a novel idea. the bottom line is it works. look at 2024. we had a very active origination year. that was in the face of a very tepid m&a market, light open liquid syndicated market. even in a market that you would consider least hospitable to p

that was better than expected too. on top of that, you've got the higher than expected divi announcement and the share buyback program that has been flagged for 2025 of $3 billion. >> there is some. >> uncertainty related to that when it comes to regulation. and capital surcharges, but that remains to be seen. we'll probably get more clarity on that over the summer. but obviously the big topic for up for discussion when it comes to the investment community and clients of ubs is. how confident do they feel about investing? how confident do they feel about putting their money to work? and what about the m&a side of the side of the business? i asked sergio monte, the ceo of ubs, about how much visibility he had on the business this year. >> of course, the ongoing tariff discussions are creating uncertainties. as you can see in the current environment, the market is very sensitive to any positive or negative developments. it's quite good to see that part of this tension have been priced in the market. so in a sense, you kn

expecting some market is half expecting some sort of between the market is half expecting some soi andlf expecting some soi and china between the market is half expecting some soi and china at between the market is half expecting some soi and china at be1 point the market is half expecting some soi and china at be1 point as us and china at some point as so that is why have not well so that is why we have not seen full—blown seen a full—blown inaudible risk as you would risk inau'bible'as'yoo would if the risk inaudibleas'you would if the tariffs expect if the tariffs war at the moment i escalated. at the moment i think are as if think markets are trading as if some kind of agreement can be reached. is some kind of agreement can be reached. , ., ., , some kind of agreement can be reached-i you _ some kind of agreement can be reached. you think— some kind of agreement can be reached. is you think this: expgrjegce youthink this despite all the calmness despite all the rhetoric is taking place? i rhetoric is taking place? is really from the recent think is really from the recent experience

you cannot delay tariffs and expected to pay for it.uld say a quick rise in rates getting to that is a problem for the economy. annmarie: it is true, the rhetoric for tariffs aims at both. but can policy coming out of washington disrupt the soft landing you are looking for? priya: i have to think that policy uncertainty matters. maybe it does not matter for the consumer -- i have a job, my real income is growing, i can continue to spend. companies, as they continue to spend, capex, hiring plans -- certain sectors -- we will see more dispersion, absolutely. higher cost of capital, higher policy uncertainty. there will be dispersion in terms of winners and losers, which is why it is important to be diversified into your credit work. what i am watching is what a company saying in terms of capex and hiring plans? will deregulation set off trade uncertainty? we will have to see? -- we will have to see. jonathan: priya misra there of jpmorgan asset management. bank of america put this out earlier this week -- our orbit sentiment indicator sti

they're expecting this. turnaround for the company to be pushed out to 2027 at the earliest, which, according to them, is too long. >> to wait. >> at these valuations. that's why shares are down 3.5%, expedia shares hitting an all time high. >> today after posting strong. >> bookings during the. holiday quarter and reinstating its dividend. hsbc and bank of america say this name is a buy, and the stock is up 17% right now. airbnb shares are also up in sympathy, almost up 2%. scott. >> all right, christina, thanks back to you in a bit. we're just getting started here. up next, the former federal reserve vice chair richard clarida, is standing by. we'll find out what he thinks about potential tariffs, what they could mean for the economy and the fed's next move. that's just after the break. we're live at the new york stock exchange. you're york stock exchange. you're watching closing bell on cnbc. ♪♪ well would you look at that? jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a l

expect to see more in this space.icult dance, especially for tech companies that have been a bastion of some of these policies. annmarie: it has come as trump has made within the federal government and companies to what he calls root out "illegal d.e.i.." google is not the first want to do this. we have seen this from a number of companies, saying, we are going to focus on meritocracy and take that language out. jonathan: the equity side of things, there seems to be a refocusing. they have legal issues as well, but there has certainly been a refocus in corporate america to go back to the foundations of what this country was all about. that has got to be the shift we are seeing from corporate america at the moment. lisa: the way a lot of diversity programs were put into place was through benchmarks, hitting certain benchmarks. it seems as if the shift -- and this started with affirmative with respect to college admissions -- has been retrenched by the supreme court. you are symmetrical out to corporate america. jonatha

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we don't expect to see that. we do expect to see some of the minor flooding concerns when we fall into this category. roadway issues, some of the smaller streams and creeks will be able to rise towards their banks again like they did with the storms that were coming through last week. so if you look at the rainfall totals in terms of how much we might see under that, pick out region of the beta had most correspond to you, there is not much difference. it's about an inch and a half to maybe two inches of rain falling with the majority of that coming on thursday. there is enough that it does give us some concern for a repeat of what we saw last week from roadway issues and maybe some of the smaller streams and creeks in the north bay. this will be a good rainmaker. let's get more specific on that. watch the snow levels come down to 4,500 feet. we get about three feet of new snow up at the higher elevations on the passes. so that's good news as well. so let's see how the seven-day forecast plays out. no surprise on

hotter than expected jake your reaction to this. >> look a lot kas expected in headline energy, are merely a egg prices futures have basically doubled since early december that was going to see through the broad-based nature of heat here when you look at all the consternation around tariffs pull forward activity could create a short term environment you could have hotter print another thing to consider this would have come with significant revisions to prior years seasonal factors the cadence coming out of 2024 not sure what that looks like, but maybe something we can actually take solace maybe lighter cad, out of the year seasonally hotter the beginning of the year maybe market looks passive you have to get into guts a little bit here on overall basis looks hotter -- tie into tariff concerns here. maria: sure tariff concerns add to worries, quick we've got to jump what is impact of a number like this? >> well, i think the impact kiss you are looking defensive airs energy healthcare consumer staples lowest correlation with year-on-year increases in inflation, whereas communication services

so we expect mm. yeah, we expect in the age of a 180 z, but as to what a 111 of them are from because as if they were to be sent back to the government this i'm actually a part of the city and dismissal with the some of the guys after october 7th, i estimated, please get on the signature and he's from the get us to the send. you have is supposed to do some of that. but this is actually the news that they will be able to be sent back to the governor's stories. all of this extra with the very bottom is that with the best way to practice. but again, the spanish speaking is from the guy, his name specifically at this to be the uh, detention center. good southern, but it's quite a bit remaining. but if it needs to be sent back to the us bank, specifically to us, if you wouldn't even be a celebrate alongside didn't, how many members and the brothers the cities who haven't been serving nice, nice instances. and this is also what it should be good to see what i remember seeing the light of this kind of exchan

analysts expectations, with the. saying it has seen volumes recover. >> in the us. >> that stock. >> though down more. >> than 5%. >> this morning here in the uk, barrett redrow has surged. >> to the top of the ftse. >> after announcing. >> it expects annual. earnings to come in toward the top. >> end. >> of its forecast amid solid. bookings this year. the british home. builder builder announced a 100 million. >> pound. >> buyback, with ceo david thomas highlighting a recovery in demand amid stabilizing political. >> and lending environments. and that stock up. >> more than eight. >> more than 7%, nearly eight. for all the latest market news, you can check out our website. >> we're going to take a quick break, but when we come back we're. going to be talking monetary policy. ecb governing council member robert holtzman says policymakers need to be cautious as trade threats. >> ramp up. >> we'll bring. >> you. >> that conversation. >> and for more reaction out of europe, we'll hear from the former ecb president, jean-

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tyler, what can we expect and when can we expect it?im is simple. if they charge us we will charge and then. it doesn't appear off the bat there would be any exemptions, although they are trying to figure out if some countries or industries may be exempted. there are preliminary reporting that mike johnson has suggested that there have been some meetings that some industries, including pharmaceuticals, may get an exemption. the big question is still there, but we know that the white house press secretary says that she expects the tariffs to go into place before prime minister modi comes to the white house later today. that welcome ceremony is scheduled for 4:00 p.m. eastern. we know from the official white house schedule that president trump is expected to sign executive orders at 1:00 p.m. eastern, so we will be watching the clock around that time if there will be further guidance to win that is when he ends up signing the tariffs. annmarie: india, a trade-weighted basis, india is 12% and the u.s. is 2.2%. what can we expect out of the

the market was expecting 8 to 1, and the market was not expecting two dissenters calling for a 50 basisut. so the overall tone is definitely more dovish than the market anticipated. but i think governor bailey was very clear in his press announcement following the mpc that they're very going to be very cautious and proceed with caution in terms of future, future monetary policy. >> i think they went as far as using the word careful that they need to be careful this year. you know, one of the discussions we've had on the show in previous previous shows has been around where the bank of england is vis a vis the fed and the ecb. do you think that with yesterday's decision, we actually saw the bank of england moving further toward the ecb in this more dovish approach? >> yeah. look again, central bank divergence is something that the market focuses on a lot. and you know 6 to 12 months ago that was the topic. there's no doubt about it that the bank of england's tone is somewhat more dovish. they are very aware of monetary policy and the need to really inject impulses into the economy to get

what to expect out there? well. >> well, right now, you can expect dry conditions. it's not windy and it's not raining every known that we might have a sprinkle or 2, but nothing steady at this point. you can see the lights behind me. those are cars going in the commute direction on southbound 101, windshield wipers not needed at this time, but we are just minutes away from a steady rainfall all over the bay area. fact, let me show you video the day reminding but 2 days ago week out. >> blasted by heavy rainfall for all of the morning and most of the day. and we do expect that today as well. that caused flooding and sinkholes. >> all over the bay area, one in particular, west san francisco. so we are expecting round 2 of that. just make sure you give yourself plenty of time. if you're moving about. and if you're working from home, good for you today because you don't have to go out there and the dangerous conditions right now. it is not dangerous, but we do expect the front door to be probably the north bay and ultimately this will be the living room, so to speak. a

some 15,000 people are expected. you may want to get out there early, because it's going to be a nice day for a parade. yeah, you got a good parade. you got good food, vianey. you got good weather, even better weather heading into. excuse me, heading into the weekend, these 50 are going to bump up by as much as 10 to 15 degrees in some spots, so above average. but let's get right to your microclimate forecast, because i'm going to show you where we're going to see some of the warmest spots, and where you can expect to see a couple of areas of some cloud cover. now, as you take a look at satellite radar, you will notice just to our north, we have a system that's going to bring the possibility of some drizzle really far north to mendocino county. excuse me, take a sip of water really quick. i apologize. there it is, late at night. all right, let's get right to this forecast. now we are expecting to see some areas of fog right now. you'll notice that building right there around half moon bay, san francisco, and even in

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let's take care of what we are expecting for this week though.to rainfall and snow, anywhere from 2 to 4in right now, we're seeing that possibility there over the bay area and the sierra going to get a lot more snow. southern california right now, the model showing 1 to 3in for the southern california as well. the big story this morning just how cold it is. in fact, san francisco at 37 degrees fell off a degree in the last half hour. so this climate data map is a little bit dated because we were expecting 38 degrees in san francisco today, when in fact, right now we're reading 37, which means if the national weather service can confirm this, we are breaking a record set back in 1901 for cold temperatures. here's a look at the afternoon highs mid to upper 50s in the forecast. your extended forecast. we will continue with the frost and freeze advisories through the morning hours. because you'll notice our overnight lows are not going to get much better over the next few days. they will come up by at least a few degrees on wednesday. with the increa

that would be my expectation again.ed into a new trump put on the market, which is let's look at what is going on within the bond market. if we see yields on the long end of the curve really start a blowout, that would be a binding constraint from him, but certainly to the extent that there is not a negative reaction, he feels emboldened, and this is one of the problems with the market right now is that they live through trump 1.0, and therefore have this expectation that if it gets bad, he reverses course, and so we are kind of stuck in his feedback loop of no one wants to be the first person to sell because there's going to be a reversal and therefore people are kind of sticking with it is a lot longer than they normally would, but that threat doesn't mean it has gone away. >> you think when people realize that these tariffs are for real that there will be a whole host of pressure that maybe we are not seeing right now because people aren't taking things seriously, is that right? >> i think that is right. in the first

lauren: 219,000 americans filing for unemployment benefits last week that was more than expected.rior week 207,000 if you look at continuing is claiming, that came in, more than expected, too, 1.886 million, there continuing claims, not a strong report but not significantly weaker not sure moves immediately much all this gets sorted out tomorrow. cheryl: two things either claims data hitting nasdaq went negative or steven's comments. >> [laughter]. one or the other. >> you bet, you bet, well you know look. we have a jobs' report tomorrow, this is going to be first one for january, bringing on revisions i hit a to be so flippant about it date so messed up in 2024, expectations as far as january jobs. >> the number higher, i think just under 200,000 so a little bit higher than forecast, but, as you said, cheryl, people are looking at that revisions number expecting it quite high, and, you know, in negative direction. so, this today's number gives fed a little room here, i know doesn't get fed hawks doesn't cause the moment i was talking about the year-over-year on inflation if you d

you should expect your senators.hould expect your president to fight as hard as they can to bring you home. you're an american no matter who you are, no matter where you're from, you should expect your government to have your back. and i hope i know it took a long time, but i hope mark's case shows the country that we will never forget anyone in his situation. >> and an iron city beer. >> an iron city beer to welcome you home. >> congressman chris deluzio, i thank you very much for being with us. >> thank you. >> up next, we'll take you to the senate. the first ever hearing, however, of congress's new doge subcommittee. president trump just gave doge leader elon musk even more power over some hiring decisions in the federal workforce. we're watching jose workforce. we're watching jose diaz-balart reports on want a next level clean? swish with the whoa of listerine. it kills 99.9% of bad breath germs for five times more cleaning power than brushing and flossing alone. get a next level clean... ahhhhh with listerine. f

what we look at what we are expecting, we are expecting 30 basis points increase.onsensus on headline. after we get the run of cpi, import price data, when we look at the pce deflator, year-over-year rates should start moving down more obviously in the next few months. even with the inflation from the tariffs we put in our baseline, we think or inflation will be below 2.5% by the time we get to the spring. if we start to see dents in growth, that will motivate some further normalization by the fed . if we will get universal tariffs or a significant inflation shock , it will be really tricky for the fed. lisa: i think a lot of people are trying to figure out what compass to use, one aspect that keeps coming up is the immigration component that might be more potentially impactful on the economy than even the tariffs side. is that how you see it as well? jonathan p.: the way we look at it, tariffs depend on where they go, how big they are. the immigration will matter over time. we essentially took down our speed limit for the economy by half a percentage point because