we'll ask the wharton school's jeremy siegel where stocks are likely to head in the weeks ahead. the russell leading the declines, financials getting hit as well. there is the russell down more than 2% today. tech not far behind either. several megacap stocks are seeing see ing big losses today. cold water, more of it, on the iphone upgrade cycle. that's the talk of the tape. for that stock, hit with a big downgrade this week, now these appreciate concerns. let's bring in our tech reporter steve kovach who is here with more. when this particular analyst speaks, you listen. >> i always listen. and this is, scott, this is a dreary note from that analyst. he's over at tf international securities, what i consider the best analyst out there covering apple. he often predicts what apple is going to do months or years before apple does it. here's what he's saying about iphone. iphone shipments, he says, are expected to decline 6% for the first half of this year, even with the expected launch of the new entry level iphone se, the cheaper iphone that apple puts out every few years or so. i

we will ask the wharton school's jeremy siegel what all of this means. now for stocks. the other big story we are watching as well, nvidia ceo jensen huang at the white house today. with that stock really on the defensive. the worst week in many months. on fears over new ai competition. we'll have the very latest there in just a bit as well. meantime apple shares well they are in focus today. following that earnings report. the stock initially positive not so much anymore. giving it all back star apple analyst eric woodring of morgan stanley here in just a few for his first reaction to that important quarter and what the stock is doing. it does take us to our talk of the tape tariffs, trade wars and stocks. let's bring in our megan cassella. she is following the latest developments from dc. our senior economics reporter steve liesman with us as well. megan, first to you, what do we know? >> scott. as of last night, we still thought there was room for negotiations with canada and mexico and especially with china on these tariffs taking effect. but today, the white house

next, jeremy siegel will weigh in on his market expectations for the new year. squawk box will be right back. i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your price today at ethos.com. i had the worst dream last night. you were in a car crash and the kids and i were on our own. that's awful, hon. my brother was saying he got life insurance from ethos. and he got $2 million in coverage, all online. life insurance made easy. check your price today at ethos.com. 's new jersey federal law you are moving forward with the congestion pricing plan in manhattan that we talked a lot about. if you don't live here, we are not wasting your time, it could happen to you. the request came late tuesday, one after the judge regressed -- rejected new jersey's challenge. they ordered federal transportation officials to provide more information about the review and approval of the p

we'll ask the wharton school's jeremy siegel where stocks are likely to head in the weeks

we will ask the wharton school's jeremy siegel what all of this means. now for stocks.

my name is jeremy siegel. i'm a global correspondent and host at public radio, and i'm honored to be sharing stage with these three fantastic authors this afternoon. i do introduce them. i just want to give everybody a little bit of an idea about things are going to work today. first, we'll having a conversation up here and then you yourselves in the audience will the opportunity to ask them questions. when we do get to that time, there's going to be a sort of between these front rows, you can line right behind it and you'll have a chance to ask your question. so i'll let you know when you can lining up. but just keep in mind you'll be able to ask questions and after the panel discussion ends, also have an opportunity to meet the authors and have book signed just out in the lobby over there. so forward to that. now, without further ado, our rock star panel today at darrin mcmahon to my left here is the david w class of 1944. professor of history at dartmouth, where he previously held the mary brim smead wheelo

. >> jeremy siegel. >> to see. >> if he can get her in. >> for me. >> done, done. let me make that. can i wait till the commercial or. i have to call him now? >> yeah. >> yeah. yeah, absolutely. >> okay. >> all right, now we got to know the stock. let's even do better. let's go to the stock. >> i thought. with trump coming in. >> this thing would be. >> on fire. tariffs were announced today. >> buddy what am i doing with my cleveland cliffs man. >> you want to take the over on cliffs anytime. touchdown okay. do that i would do it i think. let me see i think it's 35 to 1 you. but look i think cleveland cliffs is so cheap now when you get the tariffs the only reason they've really been crushed is because all that chinese dumping. and that's going to end with the tariffs because that's what they're going to really police i like cliffs of course i think nucor is a better stock. and who am i. dave's birthday. who else do we have. you gave me a long list of people. and jeff jeff happy birthday jeff i'll have you over for a couple of brewskis later. look, sometimes when a company brings in

jeremy diamond. >> well, one of. >> seven americans. >> still held. >> hostage in gaza is set to be released tomorrow. keith siegel, a 65 year old who was taken hostage from. >> his. >> home in kibbutz kfar aza, will be released alongside two other israeli hostages. >> his wife. >> aviva siegel. >> who was. >> also taken captive on october 7th. she has. >> relentlessly advocated for. >> his release. >> and both the united states and israel since she was released in that november 2023 ceasefire deal. ofer kalderon is the second hostages set to be released. his two children had been held hostage in gaza and were also released during that november 2023 hostage deal. and we are also expecting yarden bibas to be released. he is, of course, the father of the two youngest israeli hostages being held captive in gaza. kfir and ariel were just nine months old and four years old when they were taken captive from kibbutz beca a symbol of the brutalityly of that day. hamas claimed that they had been killed in an israeli airstrike alongside their mother, shiri bibas, but the israeli government has never actually confirmed their