marriott has mor international exposure, with china opening up, that could boost marriott as well. >u do better with a stock like that again because of where its revenue is exposed at the same time i look at a stock like this, it's been stuck in neutral for a number of quarters, trading between 140 and 180. it's at the top end of that range. i'd be looking for closer to 140 before would i get involved. >> everything "options action", check out our website and our news letter. much more ""options action"" after this. >>> coming up, movies, soda and network analytics? okay, maybe it's not popcorn but paramount, coke and cisco are all on deck to report earnings next week we have an options triple feature on how to play them all, sit back, relax, and enjoy the show >>> plus, calling all "options action" fans, reach into your pocket, grab your phone, and tweet us your question at "options action. if it's nice we'll answer it on air. when "options action" returns. >> "options action" is sponsored by thinkorswim by td ameritrade. >>> welcome back to "options action," earnings season rolls o

marriott international shares up after results be estimates marriott sees them paying rates 3% higherjoining us as the marriott international ceo. great to catch up with you. super solid quarter. your outlook looks strong as well. >> the great news and you heard it on the call. saying recovery in a free segment. leisure continues to be exceedingly strong. leisure demand globally was up in the fourth quarter. business transient we are about 90% recovered and for small or medium-size businesses we are 6% ahead of where we were in 2019. maybe the most pleasant surprise was the growth which was up 10% in the quarter but looking into 23 hour bookings were up 20%. we expect to see continued resilience and recovery across our most important demand sectors. >> the fact your pricing power with business travelers. it seems to find the face of corporate who are on the massive cutting spree. is the strength only coming from some industries? >> it varies by size of company and industry. during the deficit -- depths of the pandemic we rolled over our negotiating special part of the rates for two ye

marriott has been a core holding. we decided to add some additional position here really because of what we see with earnings going forward but also travel is in vogue. the retail traveler is happening but also group travel and some corporate travel is coming back online and that's why we thought it was appropriate to add to our position in marriott. >> look at these gains to reiterate the strength in that part of discretionary, the cruise lines, carnival up 50%. 50% this year. expedia, wynn, mgm, booking, marriott, all among the best gainers in the space bryn, on airbnb, you're looking at it now, aren't you. >> right i think the mistake -- so last year all high beta, all tech just went down because you had this macro environment of the fed and up just couldn't get out of that way and the trend was, the trade was, just be underweight or don't own those names. they all went down about the same but now you're getting the wheat and i don't agree with you can't own high beta names. you have to look at the individual compa

. >> marriott reports on tuesday what do you see there? >> a much sort of calmer name if you will you have well defined tops at a common level, and the stock of course broke out but as so often the case, sometimes breakouts fail, and i think that's what's happening here we're going to pivot back to the breakout level i'm a seller if we were to clear all that, watch this you have a break in trend. >> mike. >> the options market's implying about a 4.4% move. this thing is trading at 22 times. i don't know why you want to pay a premium in an area like this based at least on some of the bookings i've been making lately, i'm not sure the number is going to continue to go up and surpass those pre-pandemic levels as they have been more recently marriott's a higher end name as well it's the biggest operator. i think a way you could play this without outlaying too much premium if you're inclined to make a bearish bet is to look out to april at just over 5 bucks. you're risking just over 3% of the current stock price to make a bearish bet f. you're

we typically meet at hotel launches but we are on marriott's first mega yacht.ing the cruise market >> it's the yacht market, a much smaller ship in terms of capacity 149 cabins on the yacht, 298 passengers, 6 food and beverage outlets. i think what really distinguishes with the yacht is its affiliation with ritz-carlton it immediately identifies for our prospective passengers what their expectations should be in terms of the physical quality of the ship and maybe more importantly, the service delivery. >> this clearly is a bet on the luxury customer. luxury makes up 10% to 15% of your total sales with this new offering, how do you expect to grab customer share? >> for that luxury customer, they're a discerning customer and they want to find new and unique experiences we think this is a natural extension for our luxury portfolio. >> it's an interesting partnership. marriott and oak tree capital and two more ships coming up in 2024 >> we do yachts two and three are under construction in france, as we speak. yacht two will launch in 2024 and yacht three in 2025. >

marriott showing gains after beating expectations on earnings, and its outlook.ano telling cnbc last hour demand remains strong and 20% of business trips were longer in duration last year compared to 2019 levels. that stock trading at a nine-month high. carl, back to you. >> thank you very much. >>> when we come back, blade conducting the first ever ev aircraft flight in the new york city area this morning we'll talk with the ceoabout those efforts, consumer demand and a lot more later this hour stay with us ensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. here's your cnbc news update at this hour. campus police at michigan state say they have no idea what the motive was a 43-year-old man shot and killed three students and critically wounded five others last night he later killed himself as police acting on a tip confronted him several miles from campus. a hospital official emotionally describes how staffers respond

room, i know that there is a special room for him, and he seems to live on the top floor of the marriott. already in the morning, several hundred activists are gathering in front of the hotel with slogans calling on the american president to provide ukraine with fighter jets, despite the rain, strong wind, a lot of people were waiting for biden and the vice-royal palace, where the main speech was expected, it was striking that the entire perimeter of the castle and the stage were decorated with the flags of not two but three countries, poland, the usa and ukraine, the place for warsaw, this place was completely destroyed during the second world war and , as the poles say, rebuilt from the ashes. and in such symbolism that the americans see an opportunity in the future to help restore ukraine , everyone could listen to the american president , but it was necessary to go through a special registration procedure, stand a long line and, most importantly, part with their with a mobile phone, the royal gardens were filled to the brim with all the political beauty of poland for a country that,

navy we've seen several military organizations, actually come into top 10, number four marriott who weteresting we have seen amazon top five, for years. and now they've dropped down to top 25, so we are seeing some shifts, some more small, medium companies coming to top i am hoping i was hoping for loosening in labor supply so we could fill more roles, but good mix in terms of high skill, low skill in the top 25 employers. maria: c also interesting to see construction jobs ro, 7,000 construction jobs, here is the list in terms of sectors real trade adding 30,000 jobs, in month of joan, obviously, by fall, the biggest hireer was leisure hospitality with 128,000 jobs there but transportation, you warehousing 23,000, professional business services 82,000, construction jobs 25,000. steve moore your shots even as we see housing market in recession, with mortgage rates hit close to 7% couple months ago just last few weeks hearing activity, is resuming, and some business getting better, in housing, your thoughts. steve: no recession, there is no recession here, you know. amazing three months

all of us were haunted by the fresh marriott -- memories of americans in long lines outside of food banks and unemployment offices. i am sure you remember this vividly because many of you were there helping your residence -- presidents --residents. counties across the country very in their needs -- all lloyd the rest of the decade thanks to you our counties have returned to normal operations. soon after the rescue plans presage, we saw state and local governments canceling plans, layoffs, and furloughs of their workers. many have gone further and invested in new staff with rescue plan dollars. we also provided additional revenue support to counties with federal public land since about two thirds of all counties of the united states. some of these counties have suffered from inconsistent receipts. typically, the aftermath of recession leaves more pain, or child poverty, or hunger, or housing instability. not only did the rescue plan alleviate that it also had some of the greatest challenges we faced. economists have long understood the importance of financials for families with children. i

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is steal the ip, then we started seeing these attacks of equifax, the office of equal management, marriott've been building out a database of americans' information, particularly government workers who stay at marriott and have security clearance aopm to see where china travelers are living and staying at the same time at potential government workers to build a data intelligence database of potential chinese american spies. so that is the thinking originally. now i think it's shifted to how much are they taking here? because they've breached essentially data on every american and we can talk about tiktok and what kind of threat that poses to what people are now calling psycho security, but we've seen them take the ip, we've seen them take the personal data. more than a year ago the government declassified the report of a lot of chinese hacks. this is china trying to get into our pipelines and might need to sabotage the systems one day. >> i mean china is obviously an aggressive actor when it comes to these attacks but what about russia? they have a very aggressive posture in say ukraine an

earnings this morning coca-cola and marriott out before the bell this morning, we will get you thoseumbers before the opening bell. and we are watching oil prices this morning in the face of the inflation data coming out, the biden administration is planning to he release more oil from the strategic petroleum reserve. the ex strategic oil reserve ata 40 year low. the price of brent is down 1.1%. crude oil, 78, 98, down 1 and-a-half percent right now. all this after stocks finished higher yesterday. big tech and growth leading the rally yesterday. when all was said and done, the dow industrials were up 376 points, nasdaq up 173 and s&p 500 higher by 46. european markets are trading had this way, the ft 100 in london right now is trading up 38, that's about half a percent, the cac in paris is up 37, dax higher by 65 right now. and in asia overnight, markets finished like this and here we are looking at a mixed showing. best performer overnight was japan, nikkei average up two thirds of 1%. in washington, no details on three unidentified objects shot down over the weekend. how much surv

we've got coca-cola, marriott, hyatt and airbnb reporting tomorrow.t kiss sew and kraft heinz -- cisco and kr kraft heiz out this week. cisco could be a market mover. >> it's specific within each sector which companies might be doing well and not so well. and so i think, again, it's better to be a stock picker this year and do fundamental analysis and certainly earnings are going to be back in focus. i think it will remain volatile for a while here. investors are trying to guess whether or not the fed's going to move one more time in march and then stop which is the bull case. or maybe once or twice more. and so i don't really think it matters that much whether the fed moves 25 or 50 or more than that. the point is, the fed's going to stop and they're going to stop pretty soon and so i think as i've been saying, investors need to get positioned prior to the word pause coming out of powell's month. january was a fantastic month. i think pulling back last week is actually healthy and so that we can continue a potential climb. i don't think we're going t

and, steve, did peter pull the fire alarm this morning at the marriott?ying one hotel away. i will call him. he will be live with us in about an hour and a half. weave will ask him. thank you. welcome back, lucas. >> brian: thanks, lucas. he was over in ohio for a while. looking at what is at stake, the president gave a speech seemed more like a rally where he basically did not call out china. the main story over the weekend was the secretary of state made clear to all five of his interviews that the big problem is and it's a warning to china, do not supply weapons to russia. instead, if the president really wanted to make news, china, do not supply weapons to china. instead they did announce additional sanctions on about 200 separate russians and they did say that they're gonna start sanctioning individual chinese companies that are breaking sanctions. they are going to meet with them before and say stop sending a lot of them are american chips. stop sending american technology over to russia. and then if not, they are going to sanction them. the europea

it's the top 25 of the highest job creation coming from haircuts, a haircutting place as well as marriott, travel and leisure, great to see you, kevin hassett and bob nardelli. maria: the threat from above, why china says its balloon was hovering over the u.s. former deputy national security adviser this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. when aspen dental told me that my dentures were ready, i was so excited. i love the confidence. i love that i can blast this beautiful smile and make the world smile with me. i would totally say aspen dental changed my life. aspen dental makes new smiles affordable. right now, get 20% off dentures. we do anything to make you smile. maria: welcome back. the threat from above china is responding to reports over

and we started seeing these attacks of equifax, anthem and marriott, actually.security experts have said for a long time, is that they have been building out database of americans personal information, particularly government workers who stay at marriott and apply for security clearance to see where chinese citizens are traveling and staying at the same time as potential government american workers to build out a counter intelligence database for potential chinese american spies. that was the thinking originally. now i think it's shifted to how much are they taking here? because they have breached, essentially, data on every american. of course, we can talk about tiktok and what kind of threat that poses to what people are calling now psycho security down the line. but essentially we've seen them take the ip, we've seen him take the personal data, and more than a year ago the, u. s. government declassified a report that a lot of chinese hacks of our pipeline network were not ip theft. this was china actually trying to get a foothold into our pipeline systems for

marriott continuing to see people travel and willing to pay for rooms.lso business travel returning is a consideration for prices for room rates. avis budget. people are renting cars. the other part of their business, a more corporate focus is encouraging in terms of the performance. the fact people are traveling in renting rooms and people are going out to events. coca-cola stock is down but they have had some inflation related power. p organic revenue encouraging -- the organic revenue encouraging. people going out to concerts and restaurants is a lift to some of those bottom-line performances for companies and playing into the inflationary story. kriti: speaking of the inflationary story, it comes down to are we approaching the end of the tightening cycle or is there more to it? tom barkin says that might be. he spoke with bloomberg television earlier. listen to what he had to say. tom: we made our may not choose to take rates up if inflation continues to persist we have to see what happens. if inflation settles, maybe we don't go quite as far. maybe

it's the top 25 of the highest job creation coming from haircuts, a haircutting place as well as marriott, travel and leisure, great to see you, kevin hassett and bob nardelli. maria: the threat from above, why china says its balloon was hovering over the u.s. former deputy national security adviser kt mcfarland on that (woman) what would the ideal weight loss program look like? no hunger, no cravings, no isolation, more energy, lasting results, and easy. is that possible? it is with golo. these people changed their lives with golo without starvation dieting. whether you have 100 pounds to lose or want to shed those final 20, try golo for 60 days and never diet again. (uplifting music) we were blown away. (chuckles) legacy is really, really big at howard university so it's really a special moment to know that i had a family member who over a hundred years prior have walk these grounds. hey, man. you could save hundreds for safe driving with liberty mutual. they customize your car insurance... so you only pay for what you need! whoo! we gotta go again. only pay for what you need. ♪liberty

it's the top 25 of the highest job creation coming from haircuts, a haircutting place as well as marriott, travel and leisure, great to see you, kevin hassett and bob nardelli. maria: the threat from above, why china says its balloon was hovering over the u.s. former deputy national security adviser this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replaced our windshield, and recalibrated our car's advanced safety system. they focus on our safety... so we can focus on this little guy. >> singers: ♪ safelite repair

it's the top 25 of the highest job creation coming from haircuts, a haircutting place as well as marriott, travel and leisure, great to see you, kevin hassett and bob nardelli. maria: the threat from above, why china says its balloon was hovering over the u.s. former deputy national security adviser -what's he doing? -he's cleaning the trash cans. oh, boy. meeting a new young homeowner for the first time is a unique challenge. -so you think you can help? -i can try. hey, what you doing? oh, just cleaning my trash cans. wow. it's important to build trust. see you put your address and phone number on here. well, you can never be too safe. with trash? progressive can't protect you from becoming your parents, but we can protect your home and auto -when you bundle with us. -don't look at the hedges. -they're a mess. -no one's looking at the hedges. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. we went to safelite.com. there's no one else we'd trust. their experts replac

it's the top 25 of the highest job creation coming from haircuts, a haircutting place as well as marriott, travel and leisure, great to see you, kevin hassett and bob nardelli. maria: the threat from above, why china says its balloon was hovering over the u.s. former deputy national security adviser this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. maria: welcome back. the threat from above china is responding to reports over surveillance balloon found hovering near critical u.s. military sites above montana. the chinese foreign ministry says the civilian air shift used to research on the climate affected by the winds and the limited self steering capability the airship deviated far from the planned course according to the chinese, joy to be true deputy

young this marriott. so to handle most of his emotional specially to live with lisa, there's other engine, it'll give you a little of doing piecemeal. mm. ah. since the beginning of its history, the united states of america has officially declared that striving for freedom and people's rights to happiness. however, in reality, having won independence, american colonists headed for that total extermination of the indigenous population of the continent, american indians were deprived of their land. local residents were driven into reservations and given the worst agricultural territories. while the best land was appropriated by white colonizers, the strongest blow to american indian tribes was the extermination of visor. native americans lived by hunting these wild animals, colonists slaughter the bison, and in fact, made them nearly extinct. every buffalo dead is in indian gone, said colonel richard dug a veteran of the bloody and vicious indian wars cynically. the indigenous population was simply extermin

duda has already ended and they solemnly left of the presidential palace and are approaching the marriottollowing: that poland is the ukraine that presented the next package of sanctions against russia, in the end it is also poland that initiates the next package of support

andrzej duda has already ended and they solemnly left the presidential palace and are approaching the marriott hotel, meanwhile, the vice chairman of the ministry of foreign affairs of poland piotr vavzyk stated that poland is the ukraine that presented the next package of sanctions against russia, in the end it is also poland that initiates the next package of support for military support of ukraine, instead, france and , first of all, germany play a rather restraining role in these cases, the vice-shev of the polish ministry of foreign affairs noted in conversations by e- polish prime minister mateusz morawiecki also participated in the delegation of poland and the united states, and what is important is a kind of funny reaction from the kremlin. peskov said that putin will not watch biden's speeches in poland. he said that only putin will get acquainted with biden’s speech in the form of official documents and abbreviations, and so on. and now we will talk about why some global retailers still have to work on the territory of the russian federation, and how much money it brings to russia it

marriott came out with earnings. they beat expectations. jonathan: coca-cola as well.livering a similar story. tom: i am doing the math right now. the 10-year track record, i'm sorry, i look at it and organic revenue is up but there free cash flow is unacceptable. you look at the disney focus. bob iger, nobody is doing that with coke. they did not deliver on free cash flow. everybody disagrees with me but on a 10-year basis, pepsi is at 11.8% and coca-cola is 6% something. lisa: i immediately googled who owns tang and it is mondelez. tom: oh, yeah. jonathan: he has a contract that he cannot talk about mondelez. [laughter] equity futures up 0.2%. yields coming in at 3.69. the two-year yield is at 4.50%. tom: we saw on the acclaimed terminal short paper function 5.02%. jonathan: have we got a countdown clock? tom: to what? jonathan: 87 minutes away. lisa: we are going to dig in. 8:30 am we get u.s. cpi. we are looking at the underlying components, not just the year-over-year, but month over month. how much do we see some dramatic response in markets? how fragile is the r

those expectations call for gain 5 1/2% year-over-year watching earnings coca-cola cisco, heinz marriott reporting we will hear from all hotels this week o an interesting look at where money has been moving, because people have shifted spending from goods to services, all this after stocks finished mostly higher s&p dow nasdaq down for the week nasdaq down 1/2% on the week showing again 11% year-to-date, european markets, meanwhile, took looking like this this morning take a look at eurozone ft 100 up 33 cac quarante up 64 dax higher by 78, in asia overnight, mostly red across the board, fractional moves although the shanghai composite, was the bright spot up 3/4 of one percent surveillance on america intensifying. high alert u.s. military shot down a fourth unidentified object yesterday. this is the third object shot down this weekend alean the fourth in two weeks after that enormous chinese spy flight. big enough to carry three buses awaiting details on the origins, chairman highways foreign affairs xhep tells me chinese communist party is planning something wants information on u.s. m

the first radical islamic terror attack against our country, the assassination of the rabbi in the marriottn lexington avenue, that in 1990 when a terrorist who worked as an air-conditioning repairman in the new york city court system so the judges knew him, he went in and shot him in cold blood, ran out, was shot himself. and authorities always said, oh, he's a lone gunman. well, it wasn't true. he was part of a radical islamic terrorist cell run by the blind sheikh who went on to bomb the world trade center. and believe it or not, when they were able to incarcerate and put in prison noser, guess who visited him in prisonsome the suspects who then went on to bomb the world trade center in 1993. let's listen to a moment of silence as they're ability to ring the bell. we will bring this to you after the break as we continue our live coverage, remembering the first attack on the world trade center in 1993. let's listen, they are starting the procession and the remembrance now. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ oh say can you see ♪ ♪ by the dawn's early light ♪ ♪ what so proudly we hailed ♪ ♪ at the t

theft, espionage, forced tech transfer, but the datasets, you are familiar with the anthem hack, marriottok, they can take a social media and add the information, so how you use your cell phone, use the keyboard. >> bill: let me come back to that. even if you ban tiktok, wouldn't they have another app? >> it's possible. we know the problem -- proprietary algorithm, that's the secret sauce, and works differently than something at meta, my old place of business or twitter and what it does, it looks at your engagement, so how you engage with specific videos and then feeds you what you are most interested in making it a lot more highly addictive. >> bill: instagram does that, too, and other apps. here is angus king, a senator from maine, independent, watch. >> i think what's changed is the level of chinese activity in the united states. i just think it's downright dangerous to have a company that potentially is a pipeline to the chinese communist government that's collecting data on americans. >> bill: let me take the other side of all this. what's the harm if someone has my data? what's the

marriott got downgraded at evercore, just on valuation. >> marriott had a great day yesterday.s well this theme of travel-relate services names have been a strong area. with the trip advisor, it's a little bit noisy when it comes to the otas for the booking networks priceline, clear winner. the others, struggling around the edges. there's some sense out there that low vacancy rates, when you have a strong lodging market, you don't have as much inventory, so the power goes to the hotel operators. but i still think that that's a relatively strong current throughout the economy we saw the stronger than expected monthly retail sales this morning people are, you know, poking some holes in it, saying, look, it's still trailing cpi, still looks like it's seasonally got some help. but it's stronger than expected. >> and there's much more spending than we anticipated >> every category was positive >> exactly >> i don't know if you saw department stores up 17%, so maybe consumers were clearly waiting for after the new year to dive into some sales. they took advantage of bloated inventori

i spoke with marriott yesterday and they are increasing their business rates and they seem to be somewhatcan you give us some insight? mark: short. -- sure. we have what we refer to as volume accounts. for major corporations that represent our top 20 customers, we have negotiated rates for those travel programs. and we expect that to increase year-over-year in the rates applicable to those in the high single digit. that is a pretty significant demonstration of the level of demand and also the relative pricing power carrying over from last year. dani: can i just put this all into a wider context, then? do you think that will be a recession given what you are seeing on travel demand alone? mark: i think there might be a slow down, economic slowdown relatively speaking in the second half. we don't see any signs of a first-half issue at all. even though bookings don't extend all the way through the year, we accept the fact that there could be in relative economic slowdown in the second half. we don't think it is going to be from our customer base. we are focused on the high-end of travel. it

lower by 139 points nasdaq by 105 s&p 500 by 22 we are looking ahead to another big week coca-cola marriotttt airbnb will report next week take on earnings so far seem like we are beating to a certain extent but lower buffer how much does that really mean. >> a cos do lower that bar to beat it, 70% beats to 30%, to loss right now i think probably going to see that trend continue but it is a washout a natural washout seeing right now with many technology companies, that only be successful in cheap money type of environment, paying the price right now we are getting hit. do i think that some in kraem better ones that actually able to make he money going to rise to the top? absolutely, but, again, moving forward expect more chop in the markets there is a lot of marro uncertainty out there geopolitical uncertainty you see stories like russia amassing 500,000 troops in ukraine what does this mean okay oil prices, going to take 500,000 barrels up oil goes over 100 what does that mean to inflation all things factor in, but for individual investors out there i am -- people i detail with individual

the hotel etf bedz with a z includes marriott, hilton and expedia. nearly 10% the airline index up 11% royal caribbean shares up 45%. airbnb, you know that one, up almost 50% same goes tore travel & leisure co their shares higher on an earnings beat up nearly 13% this year they had record sales volume last year and said reservations and demand are already outpacing that joining us in a first on cnbc interview is ceo michael brown michael, welcome >> good to be back thank you. >> in these i'll just use the phrase timeshares so our audience knows what kind of travel we're talking about what is driving continued demand for these properties and in what part of the country? >> well, 2022 everyone thought it was going to be pent-up demand post-covid, then it was going to be summer travel, and it just continues into the fall and we're already seeing in the first two months of this year that leisure travel is not showing any signs of waning. last year it was a little more drive to this year it's completely broad-based growth we're seeing tremendous demand fo

you look at delta air lines and marriott expedia et cetera people with means are spending money peoplee less means and i think after view it in the prism of a two-tiered economy. >> was seen this pivot from spending money on stuff to spending money on trips in services so we'll see if that keeps up maybe will leave that today in the retail sales number. thank you for being adam johnson, your morning mover airbnb is up in the premarket the home rental the fourth-quarter estimates the first-ever annual profit airbnb says that benefits with more americans flying abroad despite high inflation and recession fears the stock up 40% year-to-date another 9.5% now. also on the move barclays down in the premarket troubling 10.7% after the bank's earnings fell short of expectation. barclays on track for the biggest one-day fall since the early stages of the pandemic the stock is down 15% in the last year. a quick break the bite of the administration officials taking another victory lap on inflation as food prices remain elevated. congressman michael is here with reaction. stay with us. liberty mut

were by 124 the nasdaq by 138 and s&p by 125, were looking ahead to another big week, coca-cola, marriottrbnb there all reporting next week will be watching that closely what you mean now federated chief equity market strategist, phil orlando, always great to see you, thank you so much for being here i want to get your take on earnings and action in response to it it's been very choppy can't figure out if it's earnings or layoffs driving the market or if it's fed anticipation in the market saying we got this wrong. >> the short answer is yes all of the above we are about two thirds of the way to the fourth quarter earnings season and frankly it is not going well. the economy is slowing and revenues are up 5% year on year, fourth quarter and year ago revenues were up 15%. our earnings are down 6% year on year in the fourth quarter and year ago earnings were up about 31%, profit margins have actually been declining for quarters in a row at an accelerating pace you have higher labor costs, commodities, transportation, warehousing, companies are legitimately afraid of using market share so th

we've seen them hack equifax, anthem, marriott, aviation companies, ostensibly building out this largeinning i think the theory was that they could cross match which american government workers are traveling and staying in the same place as chinese citizens as a counterintelligence effort to root out chinese spies. but it has gotten much more broad than that. >> president biden has tried to avoid thwarting a relationship already at its lowest point in years and said he is planning to speak with president xi in the near term. we saw secretary of state blinken speak with his counterpart over the weekend. the president is this is a relationship that should be driven by competition and not another cold war. is that realistic at this point? >> i think there is still hope for that. i think covid had a huge downward effect on this relationship. we are just starting to see china open up. in the meantime, the relationship has been frosty at best. i think occasionally the u.s. government feels the need to confront china on this theft very publicly. they did so during the obama administration wit

we get earnings from coca-cola, marriott and cisco. >> russia is planning to cut oil production by 500,000the sense of how that could impact prices for consumers? >> this news came out on friday afternoon. russia has announced that they will be reducing their oil output by 500,000 barrels a day. that's about 5% of the total output. they are saying that it is in response to the sanctions being applied by the west, in addition to the new oil price cap that was introduced a couple months ago. in a statement, mr. novak put out a statement saying, we will not sell oil to those that are adhered to the oil ceiling. it's up two percentage points. up 8% for the week. many analysts say that we were expecting this to happen. and the expectation is that they would have to reduce oil output anyway in 2023, to the tune of about 700 to 800,000 barrels. this is in line with expectations. >> we just covered the super bowl highlights. plenty of people watched just for the commercials. the super bowl continues its reign as the most expenive real estate on television. give us a sense of what rates they were c

oakland marriott for the chance to apply to historically black colleges and universities as well as othercolleges, in some cases, scholarships and acceptance letters were handed out on the spot and applications fees waived the annual expo offers opportunities for all students, not just high school juniors and seniors to start planning for college or trade schools. we do have information not only on four year colleges, but also two year colleges, trade schools, certification programs. it's all about elevation, and then there's history in this room. we have chancy spencer, the second who's the son of chancy spencer sr. who spoke with president truman to integrate the war to get the tuskegee airmen. avoiding 40, hbcu s and over 100, other colleges and universities well represented today prices. their goal today was to give away $20 million in college scholarships. well as we celebrate black history month we salute a charter school in west oakland. the kipp bridge academy is transforming the power of education by creating a passionate community for learning jgbs. frank mallicoat tells us it a

also travel boom continues, marriott reporting this morning, they said the travel command remains strong levels. business travel still recovering, 90% of the way will there nor business travel. that's impressive. and then burger king owner, restaurant brands also reporting a strong quarter to end last year. high inflation and a slowing economy, that means consumers are now trading down and eating out cheaper. at the same time, we've heard really across the entire fast food space whether it's taco bell owner yum and mcdonald's, restaurant brands says a new ceo is coming in on march 1st, and they're elevating the coo to be the new leader of the company. ashley: all right. i want to look at palantir. surging, apparently, after their earnings report. look at that, up 9, 10%. they actually turned a profit. susan: service the up 20% -- it was up 20% in the afterhours yesterday, the initial reaction to its surprise profit way ahead of schedule which really surprised wall street. they actually made money in the final quarter of last year. so a palantir, what it does is it provides software in or

earnings today coca-cola coming in line with expectations, on earnings, and beating on revenue, marriott double beat airbnb after the bell tracking earnings for the fourth quarter oil prize pulling back biden administration, has reported, that it is planning to release more oil from the strategic petroleum reserve, the reserve already at 40-year lows price of brent 85.81 down 1% price of crude oil 79 up-and-down 11 down 1 1/4% stocks higher yesterday big tech leading the rally look what happened the i understand of the day dow industrials up 376, better than 1% nasdaq was up 173. 1 1/2% s&p 500 higher by 46. european markets this morning -- let's check the ft 100 in londer firmer in europe fit up a third of a percent cac quarante up a half percent 31 dax higher by 63 that is one half of a percent as well. >> asian markets like this, we are looking at fractional moves in asian markets best was japan, up two-thirds of a percent, on the nikkei average in washington no details on three unidentified objects shot down over the weekend, how much surveillance is communist china doing on america?

if you're selling coca-cola or if you're a marriott hotels, or if you're ford you're having a great year there is just a appetite, and they like, the chinese consumer likes same thing about the goods that we like. >> reporter: now at the same time there is a continue ited push now from washington to cut down on beijing's access say to sensitive chip technology. also make the u.s. less reliant overall on china for merchandise eventually. that kind of thing might start to show up in these trade figures. >> 10 years from now you will see supply chains, american supply childrens look very different than they look now. they will be shorter, they will be more regional. they will be more diversified. people are not necessarily going to leave china. decoupling is not the best word. they will set up alternative sources of supply. >> reporter: now india, vietnam, indonesia, could be among the alternative sources of supply that those countries could benefit on a relative basis over time for this kind of change but again, any hope of just decoupling from china in the near term that seems to be nothi

customer and how much e la lastisity is there, and how does it view the competition from the likes of marriott that debuted the ritz carlton yacht and these were smaller vessels that can get into ports that larger ships can't and speaking to a number of travel agents and customers are very receptive to this idea and it does come down to their balance sheet. analysts have been cautioning that of the publicly listed cruise lines, norwegian has the most to do to bring down that debt and that will be a key topic. >> more so than carnival, seema? >> that's exactly right. they have 2 billion in maturities, i believe, coming in 2024 with the rebound in bookings as i give them more of an opportunity to bring down that debt and improve the balance sheet, clearly investors are thinking that will play out with the stock up over 30% this year. >> seema, thank you. a reminder, jeff, that the timing of the debt maturities is as important as anything else. this will be a major reset for a lot of names >> you're absolutely right, and i don't think this sink is going to ship. see what i did there, kelly? at th

and have you talked with the marriott? i can't recall anything. i've talked to the man. i talked to everyone else. there are multiple times talk to both the senators or both governors. i've talked to everyone there, a talk to both governors. what and now journalists with top democrat party sources . they're reporting about the worry within the party. that's building. a few weeks ago, it was jonathan martin noting that senior democrats worry biden is too old for a second term. and today it was mark leibovich in the atlantic also noting the worry the democrats have in private about biden's age and wishing he'd step aside. the public silence around the president's predicament has become tiresome. and potentially catastrophic for the democratic party. somebody should make a refreshing nuisance of themselves and involve the voters in this decision. now, one of the few elected democrats discouraging a second biden run is minnesota's congressman dean phillips, who says that the president's approval rating has many democrats freaking out. >> believe me, there are literally hundr

. >> so marriott called it a legal long shot.ented their evident to the state attorney pleaded for an arizona wiretap warrant. and they got it! >> the game was back on if they could make it work. >> we were going to try to set a trap for three people. and keep track of those three people and i wasn't sure if it was going to work. >> what if it didn't? >> in the back of my mind i gave it, probably a 30% chance of success. >> but you're giving yourself a being a go at the end of the day. >> it had to be perfect. we were only going to get one try. >> so tom begin to comply a team of investigators even called darren wyatt. the first detective on the case to see if the pd wanted in. >> and i said let me fall at your feet and do what we can now [laughs] you know i felt like this was going to be good. >> the phoenix pd also provided scores of officers. so by game day dove had close to 100 cops working the case. >> i reminded them of that mouse trap game you played when you were a kid. >> in that this huge ball was going to have to go th

i earned marriott points going there. he goes there just about every weekend.s why the f.b.i. is choosing now to search considering they had a look at the property from the president's attorneys back on january 11th. we look to see if the special counsel and f.b.i. has any new information related to what happens at the search today. important to point out it was the president's personal attorney that first alerted the media. the media was there set up outside the gate of the development as we've been waiting for the possibility of the search for several days. bill and dana. >> bill: now with turley and mccarthy respectively known as jonathan and andy, they repeatedly came back to the university of delaware suggesting there might be some paperwork classified material there. do you have any indication that is on the list? >> we don't because this is something where the attorney general as well as special counsel pretty much don't answer media questions. members of congress say they can't get anything in terms of what's been happening behind the scenes with the cl

and i met the marriott hotel in new. and i walked the elevator lobby and there's one person standing there and it was donald trump. he's all by himself. there was no one around. i wasn't anything. and i walked up to him and i introduced myself and he was very dismissive. and i said, i noticed in the new york times, you just bought the plaza in new york and you're really getting screwed by westin, who was running the plaza at the time, and you're going to sue them? i said, yeah, that's right. and i said, well, we bought a hotel that's also being run by westin and we're being similarly screwed. maybe we should compare notes. he blew me off completely. didn't want to talk about. didn't even say, well, here's my give me a call. just didn't want to it. so the next i'm sitting in the bar with john sununu and with the gentleman who brought me to the convention in the first place. very important guy in the republican party, trump talks in, looks around the room. he sees sununu, he comes over, he sits down, he looks me. he rememb