we hear from sam altman, sit here in a dollar, marc benioff and many more. plus the u.s.upreme court rejects apples bid for an epic app store review. details ahead in the decision that will likely affect billions of dollars in revenue for the iphone maker. microsoft is announcing next phase of its copilot journey. we will discuss the news with the microsoft executive vice president. welcome back after a holiday weekend in the united states. this is what financial markets look like and we start with a shortened week with a lot of fed speak countering what was wall street earnings. the nasdaq 100 is basically flat, softer by one -- 0.1% but the market is looking at the fed speak and sing let's just rethink how many rate cuts or how deep the rate cuts will be in 2024. that has an impact on the technology sector and those indices relevant. bitcoin around 43,000 u.s. dollars stabilizing from the volatility of recent weeks. the 10 year yield is higher by 10 basis points. you need to keep abreast of all the fed talk. there are three names we are zeroed in on later in the program

growth is relative. >> marc benioff. there's a lot more there. got into social media. you can catch the full conversation in a cnbc leaders double feature tonight. it's benioff and then the ceo of ubs sergio armani at 8:00 p.m. who has a tough challenge integrating credit suisse. benioff didn't hold back. wait until you hear what he says about ai and used the word, i thought this was interesting, maybe not surprising because he owns "time," but chatgpt openai stealing copyright information in order to put it into their ai programming. we went pretty deep on that subject as well. excited for everybody to see it tonight if can't wait. 8:00 this evening looks great. >> i like that color on the activist. interesting to figure out who he was talking about. >> meditation. >> we covered it closely. first jeff smith and then -- i mean it went on and on and on. to your point it worked, too. >> right. i think they're mostly all out except -- >> yeah. plane of them may be out. the margins got better. >> yeah. meantime i think it was morgan stanley made crm t

marc benioff has cared passionately about profitability since 2008.ou know, when elliott came in there, he was saying, tell me how to make more money. when i caught up with marc recently, just by text, this is not a position linked to the "time" person of the year. he said, look, i'm so glad we're making money. who cares about being a dow stock? i think people have to start realizing that benioff wants to make you money. the amazon call is very interesting. they have figured out how to do tv, how to do sports. so, now, they're able to do something that i think real good businesses do, which is say, we figured it out. we know how to do it, so let's lay people off who are not core, and that's what they did, and amazon has been an amazing stock. >> check out that. 2% gain today. and briefly, we'll talk some belichick in a bit, but nfl regular season earnings -- regular season game ratings, up 7 year on year. >> we work for comcast, but obviously, this is a wild card weekend, and anyone who has exposure in the nfl has made a lot of money. we saw a positiv

maria: my thanks to marc benioff of salesforce. a quick break a.i. remains a huge force.siegel is here and what's on the table on 2024. "mornings with maria" live in dollars. stay with us. ♪ so cozy. how many rooms are in there? should we go check it out? yeah. we get to stay here all weekend! when you stay at a vrbo... i call doing the door code! ...the host doesn't stay with you. it looks exactly like the picture. because without privacy in your vacation home... it's a full log cabin guys. ...it isn't really a vacation... we can snuggle up by the fire. ...is it? wow, oh my- [birds chirping] get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. they rely on something called the internet to survive. huh, powers out. [ gasp ] are they gonna to die? worse, they are gonna get bored. [ gasp ] wait look! they figured out a way to keep the internet on. yeah! -nature finds a way. [ grunt ] stay connected when the power goes out, with storm ready wifi from xfinity. and see migration in theaters now. here's why you should switch fo to duckduckg

we will talk with marc benioff from salesforce, brian moynihan, brian lutnick, mike worth, ceo of chevron. hope you'll join us for a busy week at the world economic forum. that'll do it for us for today. have a great weekend. i will see you tonight on "wall street" and on sunday on "sunday morning futures." dow trillions -- industrials down 100 points. "varney & company" picks it up. stuart: good morning, everybody. the war expands. the u.s. and britain, with help from some allies, launched a series of strikes into yemen. it's a major attack on the you thinks who are backed by ranch -- on the houthis. their leader threatens retaliation. president biden says he's prepared to take further action. that would be escalation. the president has not appeared in person to speak about this. defense secretary lloyd austin reportedly oversaw the strike from his hospital bed. more on this in a moment. market reaction. the price of oil going up, real concern that the houthis will retaliate against saudi arabia's energy assets in the red sea. $74 a barrel on oil right now. stocks down, a widening war up

after baird put out a note urging people to buy the stock because ceo marc benioff's getting more and more focused on delivering better margeins and higher profitability. the firm notes they didn't think that would be the case. my problem with this push, i've been saying the same thing over and over again both here and to club members for months. but you know what? the stock rallied nearly 3% anyway. >> the house of pleasure. >> we saw a couple of reports about how nvidia had a terrific ces, consumer electronics show. again, i have been saying that all week. right? the whole week. i wouldn't have expected it would move the stock higher. but nvidia spent some time in the red today but then it burst right back into the green, which almost seems like it's its rightful place. with the stock finishing up nearly five bucks. we got a note about a survey of chief investment officers that shows they believe microsoft's got a huge lead when it comes to the adoption of ai. really? i mean, again, old news. yet the stock went higher anyway. there were oddities too. we know the hot inflation number

going to hear about the future of ai from former secretary of state john kerry and salesforce ceo marc benioff, whose companies have been a leader in our city and in efforts to transform the world through innovation in. but first, it is my pleasure to introduce the next panel, a group representing the very best of how we dream in san francisco. so people who take time to listen for new ideas, who envision what that idea can become, who creates successful and thriving businesses, but also make life better for people around the globe. please join me in welcoming laurie powell jobs of the emerson collective. chris cock of meta, james manyika of google and sam altman of open ai . okay i feel like you guys are a little far away. did we bunch up? it does feel a little far. does it feel free to gather in for our for our conversation foreign hi everyone. good afternoon. i am very very pleased to be here at and hosting the discussion of one of the most important topics in technology and around the world. artificial intelligence. the era of generative ai is moving at breathtaking pace, making step funct

we will talk with marc benioff from salesforce, brian moynihan, brian lutnick, mike worth, ceo of chevronus for a busy week at the world economic forum. that'll do it for us for today. have a great weekend. i will see you tonight on "wall street" and on sunday on "sunday morning futures." dow trillions -- industrials down 100 points. "varney & company" picks it up. stuart: good morning, everybody. the war expands. the u.s. a

>> there was marc benioff, the number one performer in the dow.had one of these dinners at salesforce. my wife was between mike sievert and matthew mcconaughey. the dinner ends. she goes, oh, my god, the guy -- he's everything you thought, everything you said he is, he's incr incredible. he keeps delivering on the numbers. i said, are you talking about mike sievert? no, the other guy. matthew mcconaughey is the -- she said no, this guy sievert, let me tell you how he views life. that's it. 400 people in this room, all they want to do is sit next to matthew mcconaughey and all you want to do is talk about mike sievert and the chartreuse outfit he's wearing. >> chartreuse? >> sievert is the man. >> pharma is up, oil stocks are up. >> pharma shouldn't be up. it's an election year. >> -- >> -- >> giving a quick snapshot here on the market -- >> don't forget, jpmorgan health care. >> jpmorgan health care is next week. that gets you to deals. used to be a time we'd see deals announced going in, right after or even during the most important health care c

partners come in, paul singer, they come in with a plan that a really good management team like marc benioffm at salesforce, they say, a-ha, some really great ideas. i'm going to talk to these guys every day. you can say, yeah, he did that to wear him down. you can't wear him down, but i know that mark felt -- i talked to him a lot about this. you know, some really high-quality work here being done by paul singer and this group. so, if nelson came in a with a good game plan, i would like it to be embraced the way smart management embraces elliott, but most people, when elliott comes in, they say, uh-uh. although i have to tell you, constellation brands, which will report soon, and my travel trust owns it, i felt clarion call when they said, elliott, help us. >> it worked for salesforce last year. >> yes, it did. salesforce was the best performer in the dow, and i think that marc might say, you know who really helped? elliott. he has no egow when it comes to how to get things better, even though people think he's an egomaniac. he likes that louis vuitton stuff. he likes the, you know, the cuc

. >> you'll hear from marc benioff later in the week as part of our leaders special.n another strong day for the nasdaq. after the break shares of ralph lauren under performing to begin the year but the company's ceo says he's bullish on 2024 and sees opportunities for groh.wt hear from him right after this break. at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. >>> retail in focus as investors continue to watch for cracks in what has been a strong surprisingly strong consumer. i sat down with ralph lauren's ceo patrice louvet in davos and discussed his outlook for the company heading into 2024, the global market and the hottest topic this year, artificial intelligence. >> we're cautiously optimistic as we get into 2024. i think one of the things that really gets characterized the work we've done with ralph lauren in particular, is our ability to build in resilience into our business model, into our brand, so that you can count on ralph lauren irrespective of what

in davos, i asked ceo marc benioff whether he feels that he is getting enough credit from the marketosoft, skand nvida here's what benioff says >> our ai is very different. our ai is working inside your company. we're not just a general language model operating on the side, we're really working to ground the ai, which is kind of a technical term it's called grounding, where you're grounding the ai into your data, so that it can learn about your company and we've been doing that for a decade and that's why we're going to do, as i mentioned, $1 trillion, you know, predictive and generative transactions this week that's pretty awesome. by the way, that's far more than any other enterprise vendor. and you know, i don't know who's giving us what credit. i'm not looking for credit i just know what that my customers love this. >> and he went through a number of customers and how he interacts with them as well. everyone from laura piana to gucci to ford to talk about how they're incorporating this ai, the data that they've been able to collect in the ai intercustomer experiences. that was fr

. >> marc benioff is still well below. >> watching paramount. as well. >> no, look, i think that when i see salesforce, they stay -- david, they seem to have a very simpatico with some of the tougher hedge funds wanted, and the stock is up on it. >> zuckerberg started it, man. i mean -- and he really started it just saying. that's it. and the others have now followed >> he really did the year of efficiency >> that was a moment >> people are getting -- if you're -- david, did you know that if you work from home, you're more likely to be singled out. >> it's funny. we all talk to plenty of ceos, and i still talk -- we don't talk about it nearly as often anymore on air, remote work, but i still talk to a lot of ceos who continue to be frustrated. in fact, to the point yesterday, back to four days, but i got 5,000 people who are not coming in now, percentage-wise, fairly large company, not that much but 5,000 people, it's like, i don't know maybe we'll just replace them. you know >> really? >> yeah. >> that's major. >> because they're working remote

look at my score now because they're all screwed up this is something, you know, whether it is marc benioff ring. thus far, you have not had what i would describe as meaningful competition. this seems to change that dynamic. >> yeah. look, we're an innovator in the space. we have been working on this for ten years. and it is a hard problem it is not easy announcing that you have a smart ring is pretty easy, though it doesn't take much to imagine that you could do it it turns out it is very difficult. our innovation, our investment, hundreds of millions of dollars, countless hours of effort, it is a product that people love we welcome the competition it is validation for the category. >> here is the thing, by the way, joe would want me to disclose my score this morning is a 77. i did get an 85 on my sleep last night. so my readiness is worse >> is it digestion >> higher heart rate i ate some sushi which was salty, my hrv was low. we don't need to discuss this on the air. >> you're sick >> they all seem to think i have a cough. i'm okay, tom. >> both of you are. >> she thinks we're both sick,