. >> karen finerman's birthday tomorrow happy birthday psx, paul, sam, x-ray. >> jeff?ains firm, br breaks below. >> j.d. is a name that's going to be reporting earnings and looks incredibly cheap i was thinking about buying calls on the s&p for a bounce off the weakness we saw today, but i'm actually instead buying a bit of jd hoping for a move. i don't think it's done in the long-term, but might get a bump next week. >> that does it for "fast money" this week. "options action"p xt une rk meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ (vo) businesses nationwide are switching to verizon business internet. and relentlessly work with you to make them real. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did t

tim seymour, karen finerman, dan nato an enjudd judy beal. stocks turned sharply negative while the nasdaq falling more man 1% but after philly fed president said rate hikes are closer to an end and nasdaq end in the green yields largely pushed their way higher with the six-month t-bill closing above 5% hitting its highest level since 2007 let's bring in steve liesman you have details on brainard's regular significance nation. >> the federal reservejust announced that the fed vice chair lael brainard will be effective february 20th. brainard a longtime federal of the fed appointed director of the national economic council and leaves a hole in the leadership as it battles inflation andfigures out how far to go. while it was only a tenth of expectations markets looking for details came to the realization the fed, same one they've been trying to hammer, bringing it to %, will be harder than the markets perhaps expected conrad dequadros says there is no slicing or dice of the data table. they're in virtual agreement and rates are more hawkish a t

we're live on the desk, karen finerman, dan nathan, and guy adami. we start off with a big night of earnings apple, amazon, alphabet, starbucks. all on the move, and all these results. deirdra is dialed in and pippa stevens all over starbucks. we start off with steve kovach, who has the latest results from apple. steve? >> hey there, mel. yeah, we already know about that miss on the top and bottom line. i want to talk about these separate product categories at apple. i think it really gives us a read into consumer demand, which i'm expecting tim cook and luka to talk about more on the call which just kicked off. by the category, it was a miss ac akcross the board save for ipad and service. iphone down 8% at $64.78 billion. that's a miss of $68.29 billion. services -- this is a new record it's actually up 6% and slight beat of estimates at $20.77 billion. mac revenue is huge downfall here, down 29% to $7.74 billion in sales same thing we're seeing across the rest of the pc market there. but ipad revenues a surprising beat here, $9.4 billion versus $7.

we're live at the nasdaq market site on the desk from our temporary home, karen finerman, dan nathan, steve grasso, and guy adami. just as the studio upstairs gets constructed. this will be your new home but fun digs here. we start with the $100 billion question that's about how much market cap has flown out of alphabet and into microsoft over just the past week when the aai chat bought wars. microsoft potion its highest close since late august. alphabet flat but down from its early february highs so what does this transfer of value tell us about the ai race and the futures for google and microsoft? it's interesting how long this has persisted, karen we were chatting in the green room i thought this was a couple day phenomenon, and here we are. >> the interesting part was last week that's sort of $110 billion, almost dollar for dollar value from microsoft -- or from google rather to microsoft, which is interesting. but also interesting is the $338 billion is it that microsoft has increased just from the announcement of the $1 billion into chat gbt that's extraordinary i feel like this

lockhart, it is karen finerman thanks for okay.tion and the labor market, what other metrics do you think those two things have to get to for them to be able to not just pause but even consider reversing >> well, i thought there was a very interesting piece of information in this meeting, and that is that to some extent j powell dismissed annualizing the month-over-month numbers and concluding we were at 2.5% he went into some explanation that economists -- and i am sure that includes fed economists -- believe that there's a transitory element in goods inflation at that kind of annualized month-over-month 2.5% rate he seemed to settle on 4% as their sense of the underlying inflation rate that clearly is too high i think when they get to 3% or lower, then they can begin to think -- conceivably begin to think about reprioritizing a little bit and pausing but if they believe the underlying is 4%, that is clearly too high >> dennis, you know, when we think about the financial conditions, the market reaction, you know, the fact that the

this is "fast" faa on the desk, karen finerman, dan nathan another potential black eye for boeing as the plane maker halts production of the dreamliner phil lebeau is on the line with details. >> we have confirmed this through the faa that boeing has halted deliveries of the 787 dreamliner the reason it is analyzing a component within the 7 87 fuselage. and the deliveries will not resume until the faa is convinced that the issue has been addressed but here is an important point boeing has not suspended production of 878 dream liners so what does this mean how significant is this pause in deliveries the fact the production continues, and the fact that the faa wants to make sure that the issue has been addressed tells me that what we could be looking at here, melissa, is more of a documentation, an inspection protocol issue as opposed to something more significant that might cause production to be halted so what we have is a halt in deliveries when they resume, how long it will take to make sure that the faa is comfortable with the process in terms of the analyzing the component and ev