john stankey, ceo of at&t.ert murdock calling off the proposed merger of fox and news corp. we'll tell you why. >>> the doj and eight u.s. states going after google and its ad business. we'll check in with one of those ags on that decision. >>> boeing posting a big q4 miss amid labor and supply chain concerns, thing to trying to bounce off its lows in early trading. a lot more "squawk on the street" straight ahead llion difs i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. >>> we actually feel very good ability the fourth quarter and the execution as we went through it on the revenue side we were within a hair of whatever the ultimate consensus was we exceed

earlier, john stankey said he doesn't see demand significantly dropping off despite increasing concernsfor us, it's been a pretty stable environment right now do i -- am i cautious about what the future might hold when we provided guidance, were we clear today when we said we have an outlook that's a more moderated outlook of growth in the industry and we expect inflationary pressures moving through 2023, i expect that to occur and i expect a more moderated growth environment for the aggregate of 2023. >> julia boorstin joins us now looking at the stock, at&t has been a quiet out-performer it's up over the past 12 months. verizon is down 24%. it's always -- you have to always talk about competition when you talk about the telecom giants where does at&t stand right now versus the rest? >> well, it is up over the past 12 months, but it has underperformed t-mobile. t-mobile has taken share what was interesting hearing from stankey today, he said even in an environment where the opportunity to keep growing subscribers is relatively limited, he sees his subscribers really using 5g and being

at&t ceo john stankey joined us on cnbc in the last hour he said they made great progress in terms ofes, and also noted they are investing in areas where they are under penetrating and under performing, take a listen. >> customers are using more of the product and service, and they're willing to pay more for the product and service because they're getting better performance and better use in that spectrum and the infrastructure that you just described facilitates that walk up and that occurring. >> stankey also talked about how he sees the company's investment in 5g paying off particularly in the enterprise space he talked about the opportunity in autos with autonomous vehicles, as well as in the medical space, and also in manufacturing talking about the demand they're seeing there. carl. >> it's interesting, julia, to talk about the company and not have to talk about what new shows hbo is going to -- or what streaming is going to look like, or any o. -- of the cultural clashes reported in the "new york times" recently >> it's a dramatically streamlined at&t when it came to the land l

of things, we're still waiting for a lot of the applications there i talked to your good friend john stankey >> you're such a -- chat gpt will actually produce a lot of internet of things remember, that's an nvidia-based product. they get a little bit every time dr. jenson wong, professor wong, i call him da vinci. he has other guys involved that i computing and gaining, you're selling it ahead of what could be the bonanza of chat gpt >>> the opening bell is a little more than five minutes away. by the way, don't forget you can catch us any time and anywhere by listening to and following "squawk on the street" opening bell podcast >>> the market in the space of really six, seven months has gone to corporate profits will be up 12% this year, inflation coming down to 2%. the fed may be easing at the end of the year. that's pretty much nirvana if you're a bull. >> that's reflouned short seller jim chanos on fast money offering his take on the markets. a lot of that thesis he doesn't necessarily believe. >> yes, the yield curve says that can happen. most people who i know are saying we have bad

and you can catch an interview with at&t ceo john stankey on cnbc at 10:00 eastern.g current quarter, part of the fiscal second quarter earnings amy hood expects azure cloud growth to slow again in the fiscal third quarter separately microsoft says some customers hit by cloud outages this morning are recovering. microsoft teams and outlook two of the products affected somehow i got through it >> let's get over now to cnbc's senior markets commentator mark santoli who joins us with what he's been watching ahead of the opening bell on wall street. mike, this has been an interesting market the last couple of weeks. up, down, where are we >> for sure. more up than down, becky getting a little bit of a test here of the january rally at microsoft, 5% of the s&p, backing off a little bit a lot of two-way action as you've been describing in the earnings in general, a softer tone. market is holding up here. where are we up 5% for january and so a strong january after a down year some things start to line up that suggest maybe if nothing else the october low could be consequen