today get you ready for expedia, affirm and szillow, first to dom chu, latest numbers. >> bullard comments, takenalities of steam oust market federal reserve of st. louis president james fuller being quoted now, headlines making hawkish comments what's happening. watch that move there. sending markets a little to the down side. s&p 500 down about 38 points 4548 last trade. nasdaq 11 points down side middle of the range. lowing of session down 1.5% roughly. highs 1.1% gains n nasdaq in the middle. also watch what's happening now with regard to an interesting move with regard to the small cap index. believe it or not, small cap stocks are up today measured by the russell 2000 etf tracks them up one-half of o one percent higher interest rates should be more pressure, headwinds yet buying shares up one-half of 1%. luxury end of things upside moving 1.25% tapestry company formerly known as coach and case and canada goose down 16% off session lows after it comes out with a mixed earnings report and cuts full-year guidance diverge, of the force luxury retail back to you. >> dom, thank you. >>> fo

you're right the surprise profit out of expedia. mike, we mentioned earlier in the week that leisure and entertainment stocks are near a three-month high on all the dynamics that morgan mentioned getting to l.a. last night, tsa numbers have been suppressed somewhat over the last couple months but it's starting to get to be a challenge to get around major cities, ridership in new york city subways best numbers we've seen since omicron. i think it was the jpm desk this morning that said look, there's going to be a lot of volatility around the fed stay with the reopening names. until you get either clarity on the fed or as they say, the fix below 20 >> right, and the fed also whatever it does, it's going to be acting into a reopening dynamic or at least into a little bit more of an energized consumer economy, most likely in the next few months. i think that's a buffer. it is an offset. travel related, i think it makes sense to say that those should be an emphasis in terms of investing. it's not clear to me that they really got down to

peter kern, expedia group vice chair and ceo, thank you.g up, crypto takes over the super bowl. we will talk about some of the ads popping up during the game this year. that is next. this is bloomberg. ♪ emily: the uber ceo talking about the company accepting crypto down the line. time for the crypto report with sonali basak. what you make of that? sonali: what is interesting is it is a matter of time in that you have the sharing economy first that has not adopted crypto into big way, but the creator economy, which is the next step of the new economy, doing a lot faster of the transition when you look at companies like twitter looking at ways to tip people over the platform. how does this at the end of the day help people make a living? and thinking of a conversation with someone you know over at a firm and when i talking about the payment method of crypto, he was doubtful about the immediate use for payments. but another aspect he brought up, emily, is the ability to save. as a storage mechanism, as a place to invest, as a place to build w

eastern we will have the ceo of expedia, peter kern, on the show.miss that. >>> well, turning to the latest on peloton, a virtual meeting yesterday meant to introduce incoming ceo barry mccarthy did not go as planned. it was halted after former and current employees outraged by layoffs took to commenting on a chat function touring the ming joining us now lauren thomas wh has just been breaking story after story around peloton as it's going through this tumultuous time. what exactly happened here and how were ex-employees on this meeting? >> yeah. thank you for having me. so, essentially, what happened is peloton did hold this all hands meeting yesterday. that was the day after they reported quarterfinal results and this is a typical thing for the company to do these meetings the day after those results come out. this event, obviously, you know, was more highly anticipated as others have been as peloton was introducing its new ceo barry mccarthy to the entire employee base now, i learned that there were some laid off employees that were able to gain

emily: what about the expedia story? peter curran last week said that they are looking at their best summer ever. take a listen to what he had to say. >> i expect big cities and international travel is probably the next big win. including hopefully international air, that has been a tough part of the business. i think corporate will probably lag somewhat behind that but we do expect those places will start to fill up as more and more people get on the road. emily: do you see these companies rising together or does one have an edge given that inventory is such a huge part of succeeding in the short or long-term rental business? >> we think booking will have a big year because most of the revenue is outside north america. booking is a big recovery play for us. growth in europe and asia will help them disproportionately. to answer your question, they will all do well this year. expedia does well because there's a lot of cost hangover and a lot of issues going on. the u.s. is recovering faster, expedia is in the u.s. booking

we have an earnings alert on expedia. let's get to kate rogers >> hey, melissa.strong q4 for expedia, even in the face on the ongoing pandemic eps at $1.60 adjusted, a big beat to 69 cents adjusted. revenues basically right in line at $2.2 billion. the company's ceo saying in a statement, quote, while we experienced yet another significant travel disruption from covid this quarter, we were pleased to see the impact was less severe. notably, the traveling industry and traveling public proves more rezsilient and we expect a soli recovery barring a trajectory of the virus. the stock hit a new 52-week high today. up higher by about 4%. that conference call is at 4:30. >> kate, thanks. let's get more on expedia's results with jed kelly the contents of the report is a 6.5% increase in share price ahead of the results and we're we are after hours with the stock. >> if you look at their 4q ebitda, it fits the management narrative. they cut a lot of overhead costs, $700 million, and turned verbo into more of a traffic traffic estimate you look at a high ebitda, it sets th

, las vegas sands and marriott international by the way, over the past week, marriott and expedia hitues. and just, guys, to put a point on it. if you take a look at the overall picture for what's happening with the markets, it will continue to be one of those consumer staples stories coca-cola in today's session up 1% and i put that up there tyler, morgan, coca-cola hit a record high in trading today if i had a telestrator, i'd draw that big gold star on it >> wow everybody wants a coke >> it's the weekend. >> have a good weekend thanks for being with us thank you for being with us. >> so great to be here >> "closing bell" starts right now. >>> thank you. welcome to "closing bell." i'm sara eisen all the major averages are in the red, but melissa, well off the lows of the day p. i'm melissa lee. let's look at what is driving the action russia/ukraine tensions front and center again president biden will speak at 4:00 p.m. eastern. we'll take you there live when it happens john williams says he supports a rate hike in march but doesn't seed a need for a big step at that time. and it's

marriott international, a record high expedia also a record high those stocks up big. united airlines, carnival corporation and some of the big etfs attract leisure and travel, up big keep an eye on travel reopening names. a lot of green we'll see if it stays. >> they're loving the lack of covid screens. >> the russia ukraine headlines ease somewhat. that shifts the focus back to inflation with the producer price index surging 1 % in the month of january, and nearly 10 % over the past year so one of my next guests doesn't think the fed will tighten as much as the markets expect joining me now is the president and chief investment officer of hennen and walsh investment. a welcome to you both. kevin, you think they're going to go slow here? >> yeah. these record-setting levels in inflation continue to purr cyst. but you have to remember the fed doesn't only have one tool in their arsenal, raising interest rates. ra rather, i think they're going to take a blended tnt approach. first being tapering they're going to complete the bond purchase program by the end of march the

over the last week, marriott international and expedia up 7%. and the inves koe dynamic leisure, up about 6% i get to draw the big gold stars next to marriott and next to expedia because both of those travel-related stocks hit record highs today. have been record highs so far this week. travel stocks continue to catch a bid. we'll see if that continues. back over to you >> dom, stay right there, if you would. consumer sentiment this morning dropped to the worst level in a decade and it's the second major data point lately that's concerning markets about a recession. remember, we started the day with the yield curve flattening again. here's what noted investor jeff gundlach said about the recession signals a short while ago. >> we're starting to get recession indicators and views last time we spoke, scott, there was just nothing about recession. it was all about stimulus. as we talked about what's been feeding everything is the stimulus it's very odd that we're talking about perhaps five interest rate increases accruing at the same time as the fe

the sports and world of business and i hope you will join us along for that along with a firm and expedia. let's get to courtney reagan and the half. >> welcome to "the halftime report." i am courtney reagan in for scott wapner hot inflation comes in hotter than expected hitting a 40-year high will it cause the fed to get more aggressive on rate hikes and we'll debate that and discuss the best inflation protection strategies for your portfolio. our investment committee today includes shannon saccocia, brad talkington, sechin the s&p 500 down a third and the nasdaq composite also down 0.3%. russell 2000, holding on to some gains by about .75% and as always, keeping a close eye on the bond market with the ten-year yield hitting 2% for the first time since 2019 and we are sitting at 2.01 at this very moment and we're seeing weakness in utilities and some of these very rate sensitive sectors that make sense that we're seeing outto utilities by 1.3% and the techtrade down 1% or so. let's get started here kick us off and what do you make of the market action today and whether the fed needs to g

. >> you've got expedia, hilton, marriott, disney dropping the mask requirement at the parks, modernandemic so to speak i wonder do you think the recovery play is getting too hot, or does it make sense given what some of the metries are showing? >> it does make sense given some of the metrics even in new york i know california pulled back some mandates and disney showed great strengths in the parks and recreations. the numbers were strong there. you don't want to get too far ahead of ourselves i think we're in a situation where the pandemic controls a lot of different situation as, even for these travel names. you don't want to get too ahead of yourself in those stocks. a lot of them have been battered disney has been down for the past couple of years we're in some things where we're fighting and it remains to be seen if we're in clear waters yet. >> we're definitely pray nothing more curveballs. thank you so much. good to see you. >>> as we head to a quick break, here's a look at the roadmap for the rest of the hour interest rates, housing, and inflation. invitation homes ceo is join

like with the expedia last week, you could argue the marriott story is one of great expectations afterst marriott, one of the two s&p 500 travel related companies that hit record highs just a day ago. as for what the earnings expectations are, the street is looking for roughly around a dollar per share an even number roughly $4 billion in revenues like all the other travel stocks, this is about travel demand yes, the positive momentum is there for the leisure side of things has been for a year and a half the positive pictureup more importantly, the return of the business traveler. and you've got a lot of brands, right, marriott we know about. weston, but renaissance, shorten, business brands are ones to watch. the options market is currently pricing in roughly 5 plus percent move in the stock. higher or lower on the heels of the report tomorrow morning before the opening bell. now, just to give you context, over the last eight quarterly reports from marriott, the stock traded positively half the time. a coin toss over the last eight. the average move up or down over those eight earning

if you compare airbnb to say, expedia or booking.com, this is a stock that has traded at a discount to those competitors this year, because it also trades at a higher multiple. it is sensitive to the narrative around higher rates and higher multiple stocks. the after-hours reaction here in the share prices is pretty strong. that speaks to the idea that the street wants to know what the growth outlook is, not just that they were able to fare well in a quarter where there were difficulties because of the pandemic, but it looks like the growth trajectory is still strong for this company. romaine: i want to go back to roblox. ed: me too. romaine: we had bloomberg intelligence on earlier, mandeep. he pointed out some short-term numbers, there is a longer-term play here, bet on the metaverse or whatever and ciliary's are attached. i am curious if anything was in the numbers that would dissuade anyone that roblox will be a big part of the metaverse. ed: yes, this is the question i heard you say in the intro about the active user number. the number that caught my eye was the hours engaged. 10.

anti doping agency accuses it's russian branch of feeling to label volley of a sample properly for expedia. that pre games processing. the us olympic committees waiting saying they were expecting a different verdict regarding the 15 year old. we are disappointed by the message this decision since athletes have right to know, they are competing on a level playing field. unfortunately, today that right is being denied. this appears to be another chapter in the systemic and pervasive disregard for clean sport by russia. while sports law, especially dr. lucy in bologna, told us the cast ruling is an important step, but the case is not over. these is the only road position to work that was to be made because nobody knows what in the end will happen, but to not allow her would have been the worst. all depends what the explanation means. but it seems that rose out already lifted the suspension that there must be a good reason now. cos need also follow the rules are clear, it must be wishing 20 days and the stay wait. it's so long. and the explanation for the delay was not very convincing. what we

expedia is giving away 20 trips during the big game.rs will need to follow the travel company on twitter during the game and also become a rewards member. the exact prizes are still under wraps, but the majority of the trips are valued at $5,000. the grand prize is $25,000. anne-marie? >> well, depending on which team you're rooting for and how the game turns out, you might be eager to get out of town. >> yes. indeed. especially if you're in l.a. and they lose. >> yeah, yeah. that could be uncomfortable. diane king hall in new york. thank you. >>> next, representing america. team usa chooses its flag bearers for the opening ceremonies of the winter olympics. with lowered their blood sugar and reached an a1c of less than 7. rybelsus® isn't for people with type 1 diabetes. don't take rybelsus® if you or your family ever had medullary thyroid cancer or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an

expedia governor newsom just unveiled the next phase of the state response to the pandemic. andria borba is live in orinda with more on the plan that represents a major shift . >> reporter: governor newsom today said this was not about a timeline, or a moment of declaring victory over the virus. this was a decidedly different tone than last june 15th's massive statewide reopening, that once again got hit by the delta variant. he says this is about a plan for the future and moving california forward. days after the mask mandate lifted, today governor gavin newsom announced his endemic plan for the covid-19 pandemic, meaning moving out of crisis and into a new phase. >> it's in that spirit of optimism that we now move into a new phase of addressing the challenges and realities of this disease. we move out of the pandemic phase, and we move into a phase which should allow you confidence that we are not walking away, that we are taking the lessons learned and leaning into the future. >> the plan is called the s.m.a.r.t.e.r. plan . >> to do more of what you see in this warehouse,

anti doping agency accuses it's russian branch of feeling to label volleyball, sample properly for expedia, dated at pre games. processing not can become an issue. the us olympic committee is also weighed in saying they were expecting a different verdict regarding the 15 year old. we're disappointed by the message this decision, since athletes have right to know who they are competing on a level playing field. unfortunately today that roy is being denied the supposed to be another chapter in the systemic and pervasive disregard for clean sport by russia. well sports law specialist doctor lucien bologna believes that cas ruling is an important step despite the case being far from over. this is the only road position to work that was to be made because nobody knows what in the end will happen, but to not allow have would have been the worst. all depends what the explanation is, but it seems that rose out already lifted the suspension that there must be a good reason. now costs need also follow the rules are clear. it must be waiting 20 days and the stay wait. it's so long. and the explanatio

anti doping agency accuses it's russian branch of feeling to label believers sample properly for expedia. that pre games processing. you excellent, the committee that's weighed into seeing me, we're expecting a different verdict regarding the 15 year old. we're disappointed by the message this decision sends athletes have right to know who they are competing on a level playing field. unfortunately today that right is being denied is supposed to be another captain. systemic and pervasive disregard for cleans both by russia. but sports law specialist doctor lucy and valona, believe the court has made the only right decision. this is the only road position to work that was to be made because nobody knows what will happen, but to not allow her would have been the worst. all depends what the explanation is, but it seems that rose out already lifted the suspension. that must be a good reason. now, cos need also follow rules. the rules are clear, it must be within 20 days of the stay. wait, it's so long. and the explanation for the delay was not very convincing. what we could call beat relate t

you results to you until he come to your senses until you get a survey premier to store up of com, expedia. so and after that, once you realize that all of that goes against european security goes against the law of each dialogue, then maybe you will can finally come to your senses and you will help us and he will allow us to restore. although no one could say that that is our diplomatic presence. again, skinner, on the latest, on nato, on the afghan. a sure if all of those matters were of my means, the basically not removed from the agenda once or nate. so decided this is stupid forward and you have to put the uncles, additional coo and supported those who wanted to use for the helpless to capture the parliament and tedious and wants to parliament decided to hell the referendum. one of the great people decided to hold her a friend, them, i didn't for the people. so nato and the americans really wanted to do that nor themselves. it's because their faults, that's for the food, but it just might be interested in us that the russia, restarting, it's activities within the russia. nate account,

also, | he disrupted travel sometime ago, we have got a lot of travel sites there, the king dot, and expediaosting with airbnb as much as there were. hosting with airbnb as much as there were-— there were. you are seeing a lot of landlords _ there were. you are seeing a lot of landlords for _ there were. you are seeing a lot of landlords for airbnb . lot of landlords for airbnb come in. there is a group in ohio in the us that put $1.5 billion into home purchases and apartment purchases to read them out on airbnb. so who the hosts are has massively changed. it's not people renting out their couches any more, it's big corporations buying up thousands of properties to rent them out. also interesting that the founder should say when he talked to analyst afterwards that he believes this problem of global inflation, the uk or us or elsewhere, could drive more people to be airbnb host. maybe that will happen. but that means everything else is more expensive, you host to anyone at home, so you are travelling, and gas and hotels or airbnbs where you are going is more expensive, so it's hard to see wi

question is, can they return -- can they redeem themselves going into the rest of the year question mark expedia reported strong numbers after the belt and it came to bookings with the rebound of travel despite the last quarter being dominated by the omicron variant. does it continue into the summer ? we will have to wait and see. thank you's emily: thank you so much. a massive gleaming launch system, starship, planned to one day carry people to mars. ed ludlow is in texas where he plans to make the presentation. set the stage for us, i understand that thousands are there, throngs of cars. ed: it's madness, rental cars are sold out. hundreds have been parked here at starbase. over my left shoulder is the starship spacecraft on the top with a super heavy booster on the bottom. i just got kicked out, they kicked me out because they are doing a security sweep but they will let me back later tonight. what are we -- emily: what are we expecting him to say? ed: he starts with rocket science, ends with human biology, talking about the quantum realm, it's all kinds of stuff. but the main one we want to

melvin adding to hilton and expedia.rdstrom and gm >>> a winning bet for warren buffett. he bought $1 million of activision pretty good timing by the oracle of omaha. >>> let's get a check of the headlines with steven romo in new york >> with the ambassador bridge and cand ontario open, justin tu ruled out using the military, but threatened with plans to tow vehicles or freeze bank accounts. >>> russian figure skater kamila valiyeva is back on the ice. she tested positive for a banned substance before the olympics. the court ruled she may skate because she is a minor or protected person in the rules which are different forrer her n adult athletes if she wins a medal, the games won't hold a ceremony. >>> he may be the ceo of goldman sachs, but david solomon dj's a party at central park in los angeles. he was a dj. he played the sports illustrated party and attended by jeff bezos. his dj name? d-sol. funny. >> he has been known to turn the tables interesting side hustle for the ceo of goldman sachs thank you very much. >>>

expedia up 6.9% as travel rebounds as geopolitical tensions lessen.banks higher as yields are higher. eli lilly received a decent contract with the army. that stop is one of the top in the s&p 500 as well. guy: thank you very much. that just about wraps things up for kailey and me. let's talk about the next 24 hours. we are not done over that time period. u.s. earnings, viacom, roadblocks, airbnb. the of the senate banking committee voting on biden's fed nominees. i think that one may be called into question. tomorrow what are we watching? kailey: the nato defense ministers will be meeting in brussels. we will get economic data as well as the fed minutes as well as earnings season continues. nvidia reporting in europe. also in your we will be getting u.k. inflation. coming up tomorrow we will have interviews with the ceos of barrack and viacomcbs. do not miss that. coming up, u.s. deputy national security advisor will be joining balance of power with david westin on bloomberg television and radio. the table is coming up on dab digital radio. this is b

never hacked shares down this morning max levchin will be on tech check at 11:00 a.m stock three is expedia the travel platform with fourth quarter results beating forecast with the pressure from the pandemic and the travel agency said bookings doubled shares up 4% this morning. >>> time for equity and opportunity during the black history month. the metaverse with an $8 trillion opportunity according to morgan stanley. meta is looking to increase black engagement and getting 100 head sets to the black charter school in atlanta. the teens are more engaged by the immersive lessons. it is bridging the tech gap and creating potential users >> we can have a diverse and inclusive metaverse without the inclusion of black developers and creators that is why partnerships are important for us >> metaverse gaming company roblox includes the liberty city a game with 300 million users. the creator is a son of the officer who created the game to be fun, but wants it to have a real life lesson >> the current turmoil of police and black people you can be a cop who does everything right here is how you do s

time period have been those hotel and booking stocks as you see hereful we're talking names like expediahe last week the same cannot be said with cruise lines with carnival and norwegian trading in negative territory. royal caribbean has been up a little as you see here by the way, over in the industrial sector, the big u.s. airlines are trading more in line with those cruise stocks, up about 9% or less in the last six months or so so, brian, as we continue to watch and try to get to the other side of this pandemic, we'll see how quickly the pandemic can recover from the cruise lines, airlines since the pandemic lows back in 2020 i'll send things back over to you. >> great stuff on sectors. dom chu, i always love seeing you, my friend thanks very much. >>> folks, that does it for us i'm off. we'll see you nexttuesday. "squawk box" will pick up the coverage next. have a spectacular day futures, they're up. oil is down. you're welcome i'll see you on tuesday. >> announcer: sectornomices sponsored by sector etfs when it comes to cybersecurity, the biggest threats don't always strike the big

consumer spending will stay robust i'm with joe on the experiences thing which is why e in my hope trade expedia, and a in my dawn, airbnb airbnb has done a round trip i think it's getting sold off with the broader market. >> clearly, guy has been to restoration hardware those leather chairs behind him. luxurious. yes, those chairs, guy those are the ones when i think about discretionary retail, i think there's a lot of support for margins and the companies we've been loving to love lululemon. nike some of the other discretionary apparel names. i think you have a case where this is where the consumer who's got money in their pocket is actually willing to spend and willing to override inflation. i think we've seen this and those companies passing this on like those companies are doing fine on margin >> i agree with that >> the retail space, a lot of value there. as an event and as a really cheap valuation. that's really interesting to me. those chairs, i think he took it from the -- somehow you arranged those. >> familiar. >> they do those tapestry foot stools are nice, too, guy coming up. more f

playbook i've been talk about for quite some time so you can focus on different things i like hilton, expedia, i like match group. they reported a great mnumber wynn resorts but i like some technology that has gotten hit i'm underweight tech as you know and into this decline, i am looking at names like nxpi, great quarter, beat and raised the dividend, increased buyback, and have auto exposure, which i like broadcom, they beat and raised last quarter we have another month for them to report. but we know they're an ai 5g apple supplier, data center, all the areas you want to be involved in. they increased their dividend and buyback last quarter i like that. and i am picking at facebook it's been hard, a really tough week for them, but i think they have pivoted before in terms of strategic changes. it will take about six to nine months for them to monetize reals in my opinion, maybe longer, but at 16 times forward estimates with a bundle of cash and they're buying back their stock, i'm willing to be patient. >> you are sticking with it, steph. let's turn to dupont, which reports earnings this w

the sports and world of business and i hope you will join us along for that along with a firm and expedia and the half. >> welcome to "the halftime report." i am courtney reagan in for scott wapner hot inflation comes in hotter than expected hitting a 40-year high will it cause the fed to get more aggressive on rate hikes and we'll debate that and discuss the best inflation protection strategies for your portfolio. our investment committee today includes shannon saccocia, brad talkington, sechin the s&p 500 down a third and the nasdaq composite also down

leading edge i should say of the bounceback trade there you can see carnival up about 6% booking, expediaigher, up 6% and airbnb up. marriott, hilton and hyatt all in the green hyatt up 7%. that and marriott hitting all-time highs today you can't talk travel without the airlines and wie see sharp gains there as well as they get ready for more americans to travel and to travel overseas this summer. phil has more on the story >> kelly, the reason american, delta, and united are all up big is because all three are expected a big summer when it comes to flying to europe. they have been updating their schedule now we have the folks at oag, an airline consulting firm, crunch the numbers. look at the increase in the number of seats to europe this summer this is compared to right now. but august, united will be up another 223% in terms of seats delta, almost 200% american, 132% when you look at where travel is to europe from the u.s. right now, jeffries says it's down about 36% compared to the same time in 2019 that's why this summer is so important. you'll see more planes going over there the ca

mgm resorts up expedia and live nation up around 3.5%. that so-called reopening trade, this bet that things are going to get back to normal and people are going to get out and travel, that's a leader today so far one of the stocks that's not participating to the up side today. general motors we've talked a lot about the competition in terms of electric vehicles and the legacy auto makers and what they're doing. today's downside, about 2.5% it was done 6% at the lows putting it at one point at the lowest levels going back to august of this past year if you take a look at general motors overall, you look at that stock and the reason why is because morgan stanley downgraded this stock from an overweight rating to equal weight he's cut the price target down to $55 they're changing methods and it's driven by the assumptions that gm has given out new forecasts for the coming year. they think the growth is slowing. they're changing the rating. that's what's driving the downside down 2.5%. off session lows back over to you >> dom, thank you very

charles: to your point, even on friday, travel related expedia, some other names are pretty good.in november you liked chip names. autos coming down. chip names are easing up. they acted fantastic today. do you think that is still a place you want to be in the semiconductors? >> yeah. because of the demand for semis you have to have a position in your portfolio and keep it. not like it is going away and something else we're replacing the technology with. chips you have to be and if you see any pullback buy on the dip and dollar-cost-average into any chip names. if anything goes wrong with china as reaction to russia you will see the chips fly even higher, if they do anything with regards to encroaching on some territories that we care a lot about. we'll see what happens with that. but, regardless of what happens geopolitically you got to own the chips. charles: got it. own the chips. i agree with you. they have come down a lot. alicia, mark, appreciate it. folks, always want to hear from you whether a comment about the show, questions for the guest. we bring back great ones all th

those are the ones that i'm actually looking at i still like re-open very much i would be buying expedia, wynn resorts, hilton, all three of them and pretty solid numbers and then i would look at something like a coke or something like a mcdonald's, something like an american express, a gxo there are so many companies out there that have such good things that if you get them on sale you can leg into them, maybe not a lot, but a little bit and see how it goes untily woo get more information on the fed. >> hey, steph, forgive me for interrupting you i want to throw up shares of amazon part of the conversation we're having and josh mentioned this in some degree, the degree to which some stocks have pulled back and whether some have pulled back too much and are about to have a swing. dan loeb's third point has released its investor letter, the fourth quarter of 2021 in which he argues that amazon is trading at a 30% discount and is at a 30% turning points. i don't want to sit on that news and get back to that conversation and this is a bullish outlook from a very astute investor who takes a

i would note, though, that marriott international and expedia both hit record highs. >> and i'll give everybody a hint it's more a health care play that particular name >> i'm intrigued >> thank you very much >> my next guest is a fan of several big tech stocks. he was on our show last april where we revealed big bets on afl fete amazon and meta, and he's a fan of bitcoin. where does he see the risks 'opportunities now joining me is bill miller. welcome. >> thanks, kelly great to see you as well >> what do you make of stocks right now? would you warn investors about the duration of the year has it created opportunities for you? >> there's emerging opportunities in the market. we're at the beginning early stages of a regime change. from a fed easing accommodating bond buying set of policies to one that's the opposite. so draining the fed balance sheet down raising interest rates, and that raises the possibility that they can make a mistake. they're not flawless, obviously. and so you've got what's happening with volatility is you're getting some probability of a mistake of recession pr

and i thought that expedia, the travel software company, they put it really well.. they're seeing people cancel flights, sure, this december and january because of omicron. but it wasn't like the delta wave where people were canceling because they were genuinely afraid of getting infected or spreading the virus. they were frustrated with the fact they didn't know exactly if there were going to be new restrictions. and the labor shortage partially caused by the omicron variant. they didn't know if staff would at hotels and bars and if flights would take off on time. people thought, i'll wait for, five, six months and travel this summer. >> we talked about inflation. inflation at this point is outpacing wage growth. we have job growth in this country, wage growth as well. the economy in that respect is doing well. inflation at this point is outpacing it. is there a moment we feel as if inflation could catch up to spending? >> yeah. and i think that's one of the biggest things people will be watching over the next year. so far, you know, consumer sentiment survey afte

microsoft's move follows other big companies like walmart, facebook, and expedia. >>> and the super bowl-time real estate to go along with that lombardi trophy. starting today the city of los angeles will change the iconic hollywood sign that stands above mount lee to read "rams' house." the new signage will tower over los angeles through wednesday. >>> on wall street, the dow down 172. the s&p down 17. the nasdaq flat. >>> i'm shepard smith on cnbc. it's the bottom of the hour. time for the top of the news robocalls with a crypto twist. what a cnbc investigation uncovered. >>> controversy in the sarah palin trial. a jury still deliberating her libel suit against "the new york times," so why did a judge say he's throwing out the case >>> but first, the biden administration facing growing pressure to create a no-fly list for all those unruly passengers. the main unit representing flight attendants and even delta airlines calling for a no-fly list for people convicted of disrupting flights the latest and really shocking incident happened yesterday on an american flight from los angeles to

but she went through expedia. got it all figured out, so we got put on a flight tonight. as part of a winter storm that impacted the central us earlier this week, causing dozens of accidents in texas and oklahoma. the storm, also dropping several inches of rain over tennessee, causing heavy flooding in neighborhoods and on roads. parts of the south could see another round of rain this weekend in areas already flooded . this storm system is expected to exit off the atlantic coast early saturday. in boston. katie byrne, ktvu fox two news. alright last week in the month, knocking on the door rosemary oroczo march because it's been it's been dry. yes absolutely. we've got march and we are really hopeful. we do have a possibility of some rain as we get into next week on that coming up in just a moment outside our doors at this time. it's all about the cold and thankfully we are beginning to see a rebound and a warming trend in time for the weekend. here's a look over san francisco a little bit of haze out there. the air quality is good at the moment. will remain good, too mode

also travel and leisure, we've talked a lot about booking companies have been really bell so far expediaharge. but american express, it's the kind of financial, travel related play a lot of people are looking at is up 18% during that time so american express one of the ones we'll talk about with the broader travel and leisure reopening trade coming and then one place a lot of people aren't talking about these days that much anymore, tobacco stocks i'll show them to you right now because on a year to day basis both philip morris international and the domestic arm of kind of that tobacco side of things are up 14% and 19% respectively. as we talk about the places that are working, andrew, it has been energy for sure, financials in very much the regional banks and keep an eye on tobacco we'll see if that kind of stays in a trend format for 2022, guys >> dom, thank you for that >>> coming up when we return georgia gubernatorial candidate and author stacey abrams joins us to talk about her new book which focuses on small business, the state of the democratic party and so much more here are the

auto sales up month over month heard from a bunch of reopen names like expedia, hilton.as good i expected a sluggish quarter because of omicron and not getting it high inflation but also pretty good growth. fed should be moving and acting accordingly. >> steph, with all that in mind, should the banks be doing better than they've done over the lasts month or so? even if they did start the year well >> well, they've done so well, will right? all of last year were a big surprise, and then, of course, year to date one of the market's leaders. i think, yeah, expect them to do better, but they kind of trade in fits and starts right? report first quarter earnings. always go down then start buying back stocks and people realize the quarters are pretty good and evaluations cheap and pause a little i do think the financials are where you want to be diversified, of course right? you know bank of america and morgan stanley two big one wells fargo talked about over the years as welling out of all the companies american express was the one absolutely dynamite. that's the one i would b

this segment is sponsored by expedia.and prize valued at $25,000 so you can go to the places inspired by the ads during sunday's game and we've got a little more here. a clip featuring superstar ewan mcgregor. >> do you think any of us will look back on our lives and regret the things we didn't buy? or the places we didn't go? ♪ >> yes, cannot wait for sunday >> abc 7 meteorologist with an accu forecast. record warm. a third day in a row, as we go back to the 70's. it stays mild over the weekend, and it turns windy >>> coming up we've got a big surprise for a marine corps veteran who goes above and beyond to help others. ♪ tonight's gonna be a good night ♪ good luck! you too! and the united states has done it! a very generous congratulations. bitter rivals but absolute respect. there's this feeling we chase... like someone upped the brightness on the entire world. like your body is super-charged, but your mind is super calm. it feels like 20/20 vision for your whole being. and we'll chase this feeling, until we can feel i

marriott, expedia, amd thank you very much, chris good to talk to you. >> thank you >>> with the techicallor on lyft's results and the conference call that's been going on. what did you hear? >> yeah, sara, we saw shares plunge they were down nearly 10% as the new cfo started to lay out the outlook for the first quarter. the quarter we're in she said the impact that omicron has had on larger volumes, they're expecting rides to be down this quarter from last quarter. she said on a sequential basis, the outlook suggests a decline of 127 to 117 million in revenue versus the last quarter. and that would be 12% to 18% quarter over quarter it assumes a sequential headwind of approximately $65 million to adjusted ebitda versus q4. driven by that quarter over quarter revenue decline. so that hit shares hard. then they started to recover because she said they are still cautiously optimistic that they will be able to grow revenues over 2021 for the full year and remember, in 2021, they grew 36%. but that outlook has turned very cautious, so shares are down 7%. and of course, it does raise the stake

look at some of the hospitality and some of the travel stocks, we had really solid numbers look at expedia'sse are places i want to continue to be we are three quarter thofz way through earnings season and it leaves us with a lot of fed ahead of us. we have a case where you definitely are going to see margin pressure. you're going to continue to see companies and there's no reason to talk about why things are good right now i think that's going to weigh into the guide >> tim, thanks nice to see you. tim seymour. >> thank you, melissa. see you later. >> up next, your wall street look ahead more key earnings on deck for next week. we'll break down key names to mehe"csi bl" wn longel cos right back your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire what happens when we welcome change? matchwe can transform ourtion. workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new d

doordash came public right in the same time period as airbnb, not doing well, and expedia, which owns vrbo, has actually had this really nice run so travel, lodging stuff, is really a tailwind, and you're seeing that kind of consumer app, that sort of digital economy sharing economy type app, that's sort of struggled here but airbnb has held its own, above $100 billion market value even though it hasn't been a torrid performer out of the gate roblox also had a tremendous run late last year that it's now given up almost entirely here you consider against other ipos as well as the video game and esports etf, it's done okay. i would also point out a couple of vertical moves. three earnings reports two of them had huge gains one had a small loss in august so obviously, it's shown a penchant for having some relatively mercurial action after it reports numbers >> we'll gear up for that. thank you. >> let's get to new developments on russia and ukraine, driving a market higher today. alex from the eurasia group joins us what exactly do we know about de-escalation at this point? how solid of

expedia, up 4%, they must have had a terrific holiday selling season.'re right again, stuart. you want to do the whole segment because their bookings nearly doubled and going forward they said look, travel, it will still be disrupted, but disrupted less because we're learning to live with covid, so they are saying it's going to become endemic this is the new world order, it's not going to impact people 's desire to travel. stuart: just think how wonder fill it will be if they got rid of the mandates, mask and then the cruise lines and the travel people would start to go places. lauren: yeah well there is always the fear of another variant i think that's the problem and fear of many people who say we can't admit we're wrong. stuart: we've got yelp on the screen up nearly 7% the review people, what's the story? lauren: record advertising sales particularly from restaurants and retail, home services, ad revenue up 40% from pre-pandemic overall revenue surpassing pre-pandemic sales too, so yelp certainly a winner that means the business community is coming

the bookings and expedias of the world. the stocks that have most outperformed in the consumer net for that very reason i think that trade can still work for the foreseeable future. >> if i could, but i can't, i could put together a nicer basket of things that are cheaper than they were six months ago you'd do it today. you'd do it today or let things shake out? go half in now, half in later? what would you do? >> if you're willing go look nine months out, this is called dhq. nothing changed in amazon's fundamentals the stocks are often aligned with the market. you get a chance to buy the highest quality markets in tech. >> all right mark, thanks we have to go. it's the top of the hour it's the top of the hour thanks, mark ♪ >>> it is just after 7:00 on the east coast and you are watchin "squawk box" on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. removingbanks from the messaging system known as s.w.i.f.t. steve liesman will bring us more on why this could hurt vladimir putin and his allies more than a

i think expedia is quite interesting. g.e. is quite interesting.e, so that's an opportunity as well. >> there you go. steph, great ta catch up with you this morning thank you very much. >> thanks, mike. >>> okay coming up from sofi stadium in los angeles where the rams defeated the bengals in super bowl lvi finthony #o noto, so ceo and what he has to say about inflation and rate hikes a lot more coming up on squks ahead. ions in here? options? plans we can build on our own, or with help from a financial consultant? like schwab does. uhhh... could we adjust our plan... ...yeah, like if we buy a new house? mmmm... and our son just started working. oh! do you offer a complimentary retirement plan for him? as in free? just like schwab. schwab! look forward to planning with schwab. >>> folks, we have some pretty important breaking news that's moving the markets this is coming as sergey lavrov, russia's foreign minister, is making some comments that are pretty important listen to this he's saying that, first of all, they're proposing they continue their

idea we were trying to recover from the pandemic over the course of the past week would you believe expediaeisure and etf, ticker pej are up 11% and 16% respectively there's this notion right now given the tech volatility we're seeing a lot of that still and then as we do often in this hour of squawk, a check on our most popular ticker from yesterday's full session i'm putting this up here because the ten-note treasuryyield for very apparent reasons comes to number one on the list yet again. and then walt disney affirms holding and twitter all in the top ten. the rest of the top ten on my twitter feed at the domino >> it's that 0.0007 of that matters on that yield. big market declines. right now futures are in the red, but nasdaq futures down about one tenth of 1%. >>> plus elon musk giving his first update on spacex's achianhis big plan to colonize mars because why not? we're going to bring you all the details. stay tuned we'll be right back. means a more resilient grid... ...with renewables and gas power providing energy whenever it's needed. because seeing a more sustainable world isn't