we are joined by janet henry, global chief economist at hsbc.basis point cut i assume is what you were expecting today. how with the market react if we had a debit surprise, say catherine mann voting for a cut or another does voting for a 50 basis point move? >> absolutely that is the risk. i do not think anyone is expecting in -- anything other than a 25 basis when cut. catherine mann, it would be interesting if it was complete consensus if she voted for a cut, because she has someone that is indicated eventually a time may come for more aggressive cuts to occur. there is a risk of one person voting for a 50 basis point cut, so we have seen some shift in market expectations pricing in more foreign 2025 -- more for 2025 in terms of red cuts. that is where the balance of rest are tilted despite inflation moving on the wrong direction in their projections for the near term. lizzy: you hint at that rapid deterioration in the labor market. i wonder how much chance you see of a march cut. >> at the moment we think that is quite low. it seems to be th

liz: wells fargo, key bank, hsbc, bank of america, everybody looking in the green here, jpmorgan, goldman sachs. you're right, it may be important, as you both point out, to simply hunt and peck for the names that might be dodging all of these issues including earnings, negative surprises. jack, stuart, great to have you both. thank you. >> thank you. liz: cosmetic surgery might be in order forest today estee lauder's stock, badly in need of a corporate makeover after sinking to the bottom of the s&p 500. we will tell you what happened next. >>> is and later, pfizer needs a shot in the arm a despite reporting solid profit from cost cuts to vaccine sales. we talk to pfizer's ceo, albert borlaug, live about the news from capitol hill regarding rfk jr. today that's neutralizing pfizer's good news. "claman countdown" coming right back. dow jones industrials gaining 148 points. we're watching oil, gold and just about everything else for you, so don't move. ♪ ♪ where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's

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 little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable. stop waiting. start investing. e*trade ® from morgan stanley. market volatility. to help. >> you follow. >> your plans wherever they. >> take you. >> brighthouse financial. >> build for what's ahead. >> at baird. >> we have investor relationships in 35. countries and market. >> exp

hsbc betting shares are going to fall to $110.vid, that you mentioned already in q4 was not really in the cards, which is why you're seeing the stock sell off a lot more today, 10% while morgan stanley quote says the sense is that the mi 350 helps modestly. so that's amd's ai gpu. but the real potential inflection point is likely. the mi 400 in mid 2026. in other words, a ways away, investors were pretty negative going into this earnings report, with shares down over 38% just over the last year, underperforming the stock's chip etf, which is a great barometer that's up 8% during the same time frame. qualcomm got to switch gears. on the other hand that company is up over 19% over the last year and their earnings are out over the bell. three main areas of focus for this particular name. first, you got smart phones. the company is winning with androids lining 100% of samsung's new phone chips, which is up from just partial share before. although they are losing apple as a customer in the in the near term. the second focus is auto and

morgan, barclays, and even an upgrade by hsbc.ther riser, pinterest, soaring 20% because ai is actually paying off over there. apparently there ai tools are more lucrative for businesses because they are better able to target people and that contributed to a record quarter for the first time, revenue coming in above $1 billion. yes, you can see my pinterest board after the show. jonathan: i will take a look. i have one, too. sonali: for what? jonathan: i renovation i did not do but it still exists. would you like me to share? lisa: i don't have a pinterest page. jonathan: i was surprised by my experience. i will share that another time. also things going on there that i did not realize. annmarie: i have a pinterest board. jonathan: amazon delivered a disappointing outlook. growth could be lonely, and the company could face capacity issues in the cloud computing division, echoing concerns from microsoft this week. stock down by 3%. lisa: this goes to the idea if this hold has four of the six magnificent seven stocks down after repo