kristina: i think so.tfolios, duration can be traded more tactically and then the overall portfolio we say, where is there value in the market and there is a lot of value in the front end and with policy rates close to where to your rates are in gotten rid of negative carry and canoe structure portfolios around that. in the long end, it has to be more of a trade as trading headlines and what is driving things and there is so much coming out of the sea lisa: the u.s. -- coming out of d.c. lisa: we saw a selloff in european bonds over the weekend in large part because of the expectation that there would be at least talk of borrowing collectively to invest in the defense complex. how much does that stymie some of the long european bond but that so many people had been piling into? kristina: i think that we have said for a number of years that there is need for more consolidated across europe borrowing and issuance and spending on defense, and think there is a lot of talk with russia and ukraine and change the

kristina partsinevelos, thank you very much. all right. on deck is the vaunted american shopper finally starting to slow down some data you have got to see. plus, the shocking stock having its best week in 25 years. and it's not meta markets overall. they're flat to maybe slightly higher. we're back right after this. we're back right after this. >> this is the exchange on (grandpa) i'm the richest guy in the world. (man 1) i have time to give. (man 2) i have people i can count on. (grandma) and a million stories to share. (vo) the key to being rich is knowing what counts. >> we empower. >> those who act. >> those who. see the. >> correlation between. >> predictability and probability, those who manage risk by anticipating each movement. flawless execution, timing and accuracy. identify the goal. match power with precision. reach new heights. cme group where risk meets opportunity. get invested. join the club. >> the value you're going to get from making better investments more than outweighs whatever. >> the cost. >> of the membership is.

kristina partsinevelos has those two chipmaker's results.to watch for when vertex reports in overtime in just a little bit. michael you first had some headlines this morning about tariffs. and so far we survived it. >> we did. i think that maybe the first kind of pass that those headlines for the market is seems contained seems familiar. not a huge percentage of s&p 500 market cap is particularly exposed to steel and aluminum. the parts that are already really. and they're up because if they're beneficiaries if they're not they're kind of small parts of the index. the point being, i think it was largely free of big kind of headline air pockets today. and then it became a don't short, a dull market type of a story. you do have the anchor leadership of a couple of the big mega caps and then all the frisky stuff moving along the sides. you talked about supermicro a little bit earlier. a lot of space stocks are flying, so you have the kind of adrenaline and the kind of risk appetites are flaring on one side. the rest of the market indecisive and

. >> sameer samana and invesco's kristina hooper to talk about. >> how all. this applies. >> to markets. so, dan. i guess. >> you have to have some kind. >> of theory of the case here. if you're an investor, about the probabilities of the various tariffs taking effect, how long, what the. >> passthroughs are. i mean, all. >> of these things feels. >> like. this kind of. >> decision chain. you have. >> to go down if. >> you choose to. >> all of which is very easy to do. exactly. so the point is, do you try? >> do you try to. >> be precise about it, or how. >> do you think the. >> market is. >> just digesting. >> all the probabilities? >> i don't think there's any. >> reason to. >> try to be precise about this, because we don't know what we're being precise about. we don't know on what goods, for how long, when they go into place. and as we saw today with the mexico announcement or the assumed mexico announcement, we don't even know that they will go into place. so i think it's part of the reason you're seeing stocks go, go. i was going to say go out, but we're

kristina partsinevelos is back with that.e've got a beauty giants makeover that comes with deep cuts and a health care heavyweights vaccine troubles its shares to yearly lows. those details on stock movers next. >> on. >> on. >> the bond report is brought t (♪♪) ♪ (slow down) ♪ (♪♪) cut!!!! i get it! slow motion. slow down geographic atrophy. but we don't need gimmicks. stick to the facts. ga, the advanced form of dry amd, can irreversibly damage your vision. but syfovre is an fda-approved eye injection that gives you the power to slow ga. syfovre was proven to slow ga lesion growth over 2 years with increasing effect over time. it's the only treatment to slow ga in as few as 6 doses per year. don't take syfovre if you have an infection, or active swelling in or around your eye that may include pain and redness or are allergic to it. syfovre can cause severe allergic reactions. other serious side effects are eye infection and retinal detachments, severe inflammation of vessels in the retina which may result in severe vision l

that's kate rooney kristina partsinevelos nvidia looks at all this and says, yeah, keep keep coming, keep coming with your new models because we need we need to just sell even more chips. >> exactly. if i'm going to thread a. >> theme, you had. >> steve that say. >> basically they all do the same thing you had. kate mentioned commoditization, but the commonality. >> between all of this. >> is the foundation is. >> nvidia. >> and that means. >> that. nvidia is going to continue to do well when it comes to demand. what we know from the grok three, that it was trained on 200,000. >> a100s. >> that's double the. >> original 100,000 they talked about last year, which shows, hey, we. >> need even more. >> chips to. compete at the. >> top level. >> which would. >> further. >> drive capex for a lot of other companies. >> the second. >> major point, too, is that. >> all of. >> grok three. >> was trained on. >> hopper chips. >> which. >> is, i guess, the current. >> iteration. >> the one that people can actually. >> get their hands on. >> it's not trained on. >> blackwell. >> which could furth

joining me now is kristina drye. she is a speechwriter for usaid and was one of the many employees not allowed to go into work. you. thank you so much for joining us. i know this is a difficult time personally and on a larger scale for you because you believe in the work that usaid does. you have said that people could die if funds are cut off to the places that usaid funds. do you mean that literally? >> yes. >> first of. >> all. >> thank. you so. >> much. >> sarah, for having me today. >> it has been a tough time. but yeah, i do believe. >> that that people. >> will die without. >> this work. >> usaid. >> you know, provides. >> life saving care. >> to people around. >> the world. >> medical care in the form of. >> pepfar, hiv access vaccines. they also provide. >> critical food aid. >> to people. >> who are. >> starving. >> they provide critical support around. >> the world. >> in conflict zones and otherwise. and without this support. from the u.s. >> government at. >> usaid, people will. >> die around the world.

scale back the size of government across all agencies, including usaid, which officially terminated kristina dry. >> it's heartbreaking. because we know that people are going to be less healthy, less safe, through no choice of our own. >> reporter: what does this mean for your life for the short term here? >> yeah, i think in 10, 15 days, you know, this whole thing has just been turned upside down through no fault of my own. i don't know where my rent is coming from. >> reporter: nearly 2.3 million civilians work for the federal government. 80% live outside of the washington area. >> it has been chaos. >> reporter: after ten years in the navy. andrea shifted to a career in the federal government, at least for now. >> nobody wants to work in this type of condition where we're going to be in a psychological warfare for how long? >> reporter: other federal workers, not revealing their names because of concern over retribution, described to nbc news fear and panic, an orwellian nightmare. shelly told us she has concerns about elon musk's role in the changes. >> i did not vote for him. and i have

scale back the size of government across all agencies, including usaid, which officially terminated kristina dry. >> i'd say it's a sense of despair. it's heartbreaking, because we know that people are going to be less healthy, less safe, through no choice of our own. >> reporter: what does this mean for your life for the short term here? >> yeah, i think in 10, 15 days this thing has been turned upside down through no fault of my own. i don't know where my rent is coming from. do i still live with my roommates? do i have to move away from d.c. to make life viable? >> reporter: it's uncertainty, over paychecks, healthcare and more looming over many in the workforce. nearly 2.3 million work for the federal government. 80% live outside the washington area, including tens of thousands of employees in red states like texas and florida. >> i think confusion is the siest way to put it. it has been chaos. >> reporter: after ten years in the navy, andrea shifted to a career in the federal government, at least for now. >> nobody wants to work in this type of condition where we're going to be in a psy

let's get to kristina partsinevelos for more on that. hi, kristina. hi.l, this is a potential landmark deal for u.s. semiconductor manufacturing. taiwan's tsmc is considering taking control of intel's factories. this is according to a bloomberg report, the trump administration we know we've been talking about this has been in talks recently with tsmc with the aim to increase american chip production here on american soil and maintain tech leadership in the country. these early stage talks could could see tsmc operating intel's us plants with potential backing from american chip designers and government support, so that all of the ownership would not go to a foreign entity. the move comes as intel faces financial challenges, have recently replaced its ceo amid struggles with its expansion plans. intel. you can see the shares still in the red down 2.5%. they gave back some of their losses earlier. tsmc, on the other hand, did jump once that news came out separately. completely different story. elon musk's ai firm, xai, is seeking to raise $10 billion at a $

kristina partsinevelos guy. >> it's not it's not expensive. you know the margins are improving. guide was very good. i mean now you have a stock that all of a sudden it's like what ibm is doing the stealth rally in these old technology. and oracle throw that in the mix as well that nobody's paying any attention to i think and i don't know if our crack staff and ec can do this. but you go back. >> to 99. >> and we're probably approaching levels that we last saw 25 or so years ago. so good for cisco. >> yeah, i think, you know, that that point that we've been making around the table that people are moving. away from mac seven names because they're just too volatile off of every headline. so what's the second derivative play? it's a company like a cisco who now is actually making. some revenue on ai infrastructure. so they're a habitual beater of eps. do you know they. beat for the last ten years on eps? these are the fun facts that you always find out after, because i would have bet on that. then there's got to be a mgm odds on something like that. old tech is now new tech, safer

glenn karcher two kristina partsinevelos. now for a look at the biggest names moving into this close. hi there. >> hi. well, let's. >> start. >> with cbs on pace. >> for its best day. >> in over 25 years. the year. >> that fight. >> club movie came out, as well as american pie. >> cbs sees. >> meaningful recovery in. >> its aetna. >> business, which. >> provides health insurance plans. the new cbs ceo david joyner, also defending pharmacy benefit. managers at the start of the earnings call. and this came as president trump. >> recently called for. >> further scrutiny into those pbms. like the firms caremark. >> unit. >> you can see shares up almost 16% right now and promising growth in biogen's. breakthrough alzheimer's drug treatment. not enough to lift the stock, though the pharma giant warning of revenue declines as sales of its multiple sclerosis products continue to struggle in a competitive market. biogen down almost 5%. >> scott. >> all right, cristina, thank you. back to you in a little bit. kristina. partsinevelos. w

kristina partsinevelos. let's bring in our panel now, courtney garcia of payne capital management, sandra cho of point wolf capital management, it's great to have you both with us. courtney is a cnbc contributor. but sandra, i want to begin with you, because what stands out to me today from your notes is the fact that you say be underweight tech, which not too many people have come on of late and said that's the positioning that will work best. why is that your view? >> well. >> i mean you see it right now, right? you see the volatility. and right now we are you know, we're not negative tech by any means, but big tech. and i think i should specify that. so big tech. >> has had a huge. >> run up. and as we see you know in google and alphabet and uber we see a lot of, you know, potential volatility and headwinds a little bit, at least for the short term. so right now that's our positioning. >> yeah. court does that match with with you or. no. >> yeah. and i. >> do agree with that. >> i mean really. >> we've be

kristina battista has more. >> washington, pennsylvania and alaska have experienced some of the most high-profile plane disasters in the u.s. in recent years. a tragic dc crash that killed 67 people is the worst u.s. commercial airline disaster in over a decade. all of this may be triggering people to question their safety when traveling by air. >> i'm slightly. it's definitely normal to have some of these reservations when we see it so frequently. kaiser clinical psychologist robert black states that feeling uncertain about friday after numerous traumatic aviation events is completely normal. don't let your thoughts run away with you. >> people tend to think that we can't control our thoughts. that's not true. we can. it just takes practice. so. >> always be practicing attending to any thoughts you're having that are either not accurate or not helpful when it comes to anxiety was speaking to travelers at the sacramento international airport. many compared it to traveling by car. well, i mean, you get in the car every day, having car crashes here >> you know, plane crashed, car crash

scale back the size of government across all agencies including usaid, which officially terminated kristina drye just this afternoon. >> it's heartbreaking because we know that people are going to be less healthy, less safe through no choice of our own. >> what does this mean for your life for the short term here? >> yeah. i think in 10, 15 days this whole thing has just been turneded upside down. through no fault of my own i don't know where my rent is coming from. >> reporter: nearly 2.3 million civilians work for the federal government. 80% live outside of the washington area. >> it has been chaos. >> reporter: after ten years in the navy andrea galbrith shifted to a career in the federal government, at least for now. >> nobody wants to work in this type of condition where we're going to be in a psychological warfare for how long. >> reporter: other federal workers not revealing their names because of concern over retribution describe to nbc news fear and panic, an orwellian nightmare. shelly told us she has concerns about elon musk's role in the changes. >> i did not vote for him, and i

kristina partsinevelos once again standing by with that for us. christina. >> well, we have a beverage. giant stock bubbling up on wall street. all thanks to america's growing thirst for zero sugar drinks. plus, why one major hotel chains? big bet on china could be backfiring. those details next. >> on the bond report is brought >> on the bond report is brought to you by pimco, a (♪♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here. (♪♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com 160 patents issued and pending. leveraging a diverse library of commercial use. fibroblast cells that naturally fight disease and repair tissue fiber biologics is developing a new and innovative cell therapy platform to treat chronic diseases, addressing multi-billion dollar markets now adv

kristina partsinevelos is standing by with that. tell us what you see. >> well, tech titan signs $1 billion server deal to power the future of ai. plus, a major web hosting company. stock tumbles as ai investments fail to deliver results, and the super bowl betting frenzy breaks records, sending gambling stocks soaring. these stories, and much more when we return. >> the bond report is brought to when i started walton goggins goggle glasses, i had no idea what i was doing. but godaddy airo does. using ai to build a logo, website and social content. so i can let the world know, if your goggles ain't goggins, they don't belong on your noggins! 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. of. >> america's favorite tech companies. >> my name is mark chaikin. >> i built three new indices. >> for the nasdaq.

i was there as my boss that scott joins us now from the cost of and capital kristina kentucky with us. what are the chances zip codes? he kind of full, a new government with the majority as he's been claiming, is the most important outcome from do selection is whether car and pregnant instead of court. and he's part the self determination. we'll be able to repeat the result. this in 2021st election when he and he's part is still determination one or more than 50 percent of the roads. according to the late this pause, the support of clarity and self determination, drugs below 40 percent. if this is the case, that means that you for all of include the ones to form a new government, he will need the support of some of the opposition party. but in this moment, the position though positional parts of the party are saying that there is not the utmost fare for making calculations. some of the party explicitly say are saying that the coalition is on likely if the car and framing his 3rd quarter. he is not able to make a new government then the cost of a constitution allows the 2nd party in th

usaid employee kristina drye described the scene. >> doge was in the building.ted -- we took down our pride flags, we took down -- i took out any books that i felt would be incriminating. no one was talking. we heard they started taking transcripts automatically of all of our google meets. we -- they unplugged the news in the little kitchen galleys. it didn't feel good. and then saturday, all of the websites went down. and then i lost complete access to my computer. >> reporter: and this morning, all the agency's employees received a notice, telling them not to come to work today. now, what is left of usaid is going to be folded into the statement department under the direction of the new secretary of state, marco rubio. >> david: all right, jonathan karl and our team following all of this from washington. jon, elon musk now classified, as i mentioned, as a special government employee. so, tell us exactly what this means tonight. >> reporter: a special government employee, david, is basically somebody who is on the job temporarily. a maximum of 130 days. they ar

while kristina says the clinic told her her embryos are accounted for, she's skeptical. and she's warning other would-be parents about what she says are the perils of the ivf industry. david? >> david: what an ordeal. juju, thank you. >>> when we come back here tonight, there is late word coming in right now. there's been a major decision tonight in the idaho college murders case. what a judge has just decided. >>> and then, the disturbing moment on the tennis court. take a look. the match suddenly halted. the tennis star breaking down. what she told the umpire about someone in the crowd. someone in the crowd. we'll be back in a moment. y e w, you never want to lose sight of the things you love. some things should stand the test of time. long-lasting eylea hd could significantly improve your vision. more people on eylea hd had no fluid in the retina compared to those on eylea at 4 months. eylea hd is the only wet amd therapy that helped 8 out of 10 people go up to 4 months between injections after 3 initial monthly treatments. if you have an eye infection, eye pain or re

hi, kristina. >> hi, mike. well, arm. >> finds. in an interesting crossroad. >> right now. the company is known for creating the blueprints. >> that others. >> use to build computer. >> chips, particularly. >> cpus, central processing units, which are. really the brains of computing devices. recently. >> there's been. >> some buzz. about a month ago, that arm was potentially buying. >> ampere, which. >> is another. cpu designer, which would let. >> arm start. making actual. >> chips instead. >> of just selling. >> the designs on paper. this move pretty much makes sense, right? because arm already. has the intellectual. >> property. >> so. >> why not. >> build the chips themselves? >> but there are. >> some major hurdles. >> and challenges to consider. >> first. >> there's the money question, as wedbush analyst matt bryson points out. even with. the exciting. possibilities ai brings, the market might not be big enough to justify. >> arm's current valuation. which is quite higher compared to others. >> even if arm starts making. >> c

kristina partsinevelos. please explain. >> well. >> apple's influence is really just creating a ripple effect right now across multiple. >> chip companies. >> and i say that because. >> skyworks. >> for example, that you talked about. >> supplies, components for consumer electronics. >> and is facing significant headwinds. >> and that's as apple. >> plans to reduce its component orders by 20 to 25%. >> so there's a relationship there. >> industry analysts. >> believe broadcom will. likely capture that lost iphone. >> 17 business. the apple impact. >> extends also. >> to qualcomm. >> another connection despite positive momentum. >> from samsung partnerships. >> and strong premium tier demand. >> that's what. samsung said. >> they had in china. >> or i should. >> say. >> qualcomm said they had. >> in china, qualcomm's. >> earnings suffered from. royalty challenges. huawei's refusal to. >> renew its. >> contract hit. >> particularly hard, as royalties. typically carry higher profit margins. that's why investors

kristina partsinevelos is here to explain this afternoon. >> it's a business. >> update, not to be confusedual earnings report. >> and i say business update because of all the drama that's happened with this company. >> they they. >> have delayed their quarterly results. they have delayed their annual report fiscal year ending in 2020 for the summer. >> and so. >> what we're expecting today is maybe a. range for earnings. per share, a. >> range for revenue. >> and i say that because. >> even in november. >> when they provided a business update, it was a. >> range that wasn't even audited. and so what you're seeing on your screen is just what the. >> drama, the. >> saga that happened with. >> supermicro. >> they had an. activist investor go. >> after them. >> the doj. >> looked into them, then. >> they. lost their auditor ey. and then they. >> did lose the auditor. >> the auditors stepped down. >> but the auditor quit. ernst and young left the firm. when an auditor quits a client like, what does that say? it's something to pay attention. >> and the. >> auditor said, and i. >> quote, unwillin

that's cameron dawson and tom lee to kristina partsinevelos. now for the biggest names moving into this close christina. >> well, citi analysts are downgrading. nike shares to neutral and slashing their price target to $72 after meeting with nike ceo. they say core products like air jordan ones. >> are still. >> struggling, and there aren't enough. >> new. >> products to actually. >> fill in. >> the gap. they're expecting this. turnaround for the company to be pushed out to 2027 at the earliest, which, according to them, is too long. >> to wait. >> at these valuations. that's why shares are down 3.5%, expedia shares hitting an all time high. >> today after posting strong. >> bookings during the. holiday quarter and reinstating its dividend. 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

kristina partsinevelos has the details. christina.ersing upstairs. >> you can't hear it. >> but this is a. texas based cybersecurity firm. >> like you mentioned. they announce pricing at. >> 23 bucks per. >> share on ticker sale. >> for its upsized offering of 60 million shares, well above its initial range. the deal includes 57.5 million shares from sailpoint, itself. >> another two and a half from existing stockholders. >> marking really. >> a significant. >> return to the public markets. >> even though prices are a little bit below 23 bucks right now, i use the. word return because this company is no stranger to. >> public markets. >> it first. >> went public in 2017, three. >> years after. >> its initial acquisition. >> by thoma. >> bravo, before. >> being taken private again. >> in 2022. >> through a $6.9. >> billion. >> deal by the same private. >> equity firm. >> while this. current ipo implies a massive paper gain of more than. >> $4 billion. >> for bravo. >> compared. to their. 2022 purchase price of 6.9 billion. >> investors

kristina partsinevelos.archers uncovering deep, hidden connections to a chinese state owned telco that's banned from doing business in the u.s. we have the new details and the risks to american users next. >> opportunities can. >> be hard to find. >> like catching lightning in a. >> bottle. >> in uncertain times, it's tempting to retreat or. >> simply wait and see. >> at cme. >> group, we. >> empower those. >> who act. >> we deliver. tools to help manage. risk and capture opportunities in every market climate, across every major asset class. to seize each possibility at precisely the right moment. cme group opportunity is everywhere. >> home. the place where you create those special moments. we celebrate the home and the way you live in it. at three de blinds, we help you create that special place. and because we know you're busy, we bring the showroom to you at your convenience and provide a design expert to help you find the perfect solution that fits your style and budget. three de blinds. you'll love the

kristina partsinevelos is here. and the street reaction. christina. >> there was also a growth that was pretty muted for the first half of 2025, and why oppenheimer says the second half of this year will really be under scrutiny. and amd is, quote, now clearly a show me story. bernstein, jp morgan rosenblatt all examples of companies that at least drop their price targets by 25 bucks. hsbc betting shares are going to fall to $110. wedbush argues the data center gpu missed, david, 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 ti