better than expected results from meta. improved sentiment around tech shares the nasdaq is up nearly 3% on the s&p 500 up about 1.5%. the dow industrials under water by a little bit. that move higher coming on the back of the fed-fueled rally yesterday as the fed started to acknowledge inflation is slowing. nasdaq is up 4.5% this week. consumer discretionary, those are the sectors leading. energy and materials are lagging. >> we'll start with the efficiency mep talty at meta today. some people make new year's resolutions every january claiming this is their year but meta seems to mean it this time. stock surging, on pace for best day in a decade. the year ago the stock saw its worst day, falling 26% today we've seen a bunch of upgrades, b of a, piper, rosenblatt reality lab division did lose $13 billion last year. let's bring in julia boorstin to break down the number. people saying going into the print it was mostly a hedge fund stock, that maybe mutual funds turn to it next, which would mean further upside. >> it's so in

this is just meta writing -- buying its own dip? debra: insider intelligence focuses on looking at revenue and usage metrics. i can't specifically comment on that, but i think anything just bottom line that meta is doing to improve its profitability, to reduce expenses, to counteract this revenue shortfall is going to be good for the company. ed: let's talk about revenue then and talk about this week in aggregate. we had snap and meta. we are showing the shares on the screen up 18% after hours. alphabet also. how much can you take from this that things are improving broadly in the advertising landscape as a relates to social media players? debra: it's really hard to tell. we had to very different performances. snap yesterday pretty unfortunate for the company. met up today a much more solid performance, but still, the revenue decline is something you shouldn't just kind of brushed under the rug. it's very, very notable for this company. i think going into some of the other players, obviously twitter is not reporting any more publicl

meta is trading closest to the rest of the index, but is bullish as the market is on meta, the street is still cautious when it comes to returns. expecting nearly flat returns in the year ahead carl, i think apple is going to be particularly important, because it's one of those names that's the best in the category. when it comes to hardware, when it comes to loyalty, and if their guide is a little on the weaker side, what does that say, what does that do to the rally also wonder about amazon and how much these cuts that they've been doing impact the margin and profit expectations going forward in the face of weaker consumer demand. carl >> it's rare that we get -- we don't always get them in the same evening, but clearly, there's going to be individual results, "d., and what consumer spend likes and how that filters down, given the numbers we've been getting from retail sales and ism today, it's clear at least on the manufacturing side, domestic weak snness is the soue of its woes. >> we just showed you how critical these four names that are reporting and the new in the days ahead ar

we have to get back to meta.rrative coming out from mark zuckerberg talking about cutting layers of middle-management. we've heard that before they talk about the reduction in cost, increase in efficiency. will dig into all of that in a moment. the cfo saying this is just the beginning overall in terms of fully scrutinizing hiring needs. shares are up 18%. this is bloomberg. ♪ every day, millions of things need to get to where they're going. and at chevron, we're working to help reduce the carbon intensity of the fuels that keep things moving. today, we're producing renewable diesel that can be used in existing diesel tanks. and we're committed to increasing our renewable fuels production. because as we work toward a lower carbon future, it's only human to keep moving forward. >> impression growth was primarily driven by the asia-pacific and world regions. the decline in pricing is primarily driven by strong impression growth from lower monetizing surfaces and regions, lower advertiser demand and foreign currency

you see meta here? it's almost exactly flat for five years that's how depressed it got down here at that low it seems like there's not the makings of any kind of similar snap higher for these other companies even though alphabet is less expensive on a valuation basis than it's been in a long time keep that in context and then you see apple it is the outlier here and just how much value premium it has built up i understand, sara, why those stocks are up a lot today because the meta news, the idea these companies will defend profit margins, they're going to have some leverage to pull to go against the slowdown made betting against the stocks a little bit too treacherous for one day. >> as your chart shows the setup was very different going into earnings for apple and for meta. meta was the cheapest thing, right? >> it was the cheapest faang it was down 75% peak to trough that just shows you how washed out the stock had become the others are not in that category though, of course, good numbers would be emb

should spend more money on the meta universe or virtual reality.e out of washington carl >> david, real quick, tlhere is the 1% tax washington should be rejoicing that's going to add up to a significant revenue number. >> it's having no impact on their decision to do it. it's about how much cash the individual companies, the cash flow they're having is going to matter, not a 1% tax. >> maybe one day when cars run on instagram posts, the white house will have some outrage, bob. thanks, bob pisani >>> we'll go to break here with dow down 180 don't go anywhere. to adapt in a fast changing world, you could hire a professional pit crew. go, go, go. sorry. nope. okay. fresh donuts - hot coffee! they deliver real time data and business forecasts when you need it. i think it was fine how it was. (air tool sound) to help you stay ahead of the curve... or you could use workday. the finance, hr and planning system that helps cfos make better decisions faster. on the other hand, we had a great fourth quarter. for a accelerate your decision-making world. workda

before we talk meta. we will get more on that in a moment. >>> in the bond market, yields aring moving down following the fed call the 10-year treasury at 3.41%. similar for oil. it is mostly lower crude oil over $76 a barrel. opec kept its output plans unchanged. next full meeting, likely in-person meeting, will be in june >>> crypto has been the market story of the year. crypto just keeps moving higher. bitcoin at $23,800 crypto, bitcoin and ethereum, the best performing asset classes, by far, so far this year who would have thunk it? not me. >>> we have a lot to do in the next 59 minutes. let's start with the federal reserve and jay powell raising rates by .25%. that is the fed's eighth rate hike cycle of the cycle. it takes it to the highest level since 2007 powell did little to signal this would be the end of the hikes, but he used a new word disinflation >> we see inflation coming down for the reasons we thought we understand why housing inflation would come down. a story will emerge on the non-hous

that was never going to be the case with meta, with alphabet. amazon will report tonight last year probably was the first unprofitable year. again, these are companies that literally print their own money so they will figure it out >> so, brad, josh raises an interesting point here about the declines and overshoot that he saw in meta and others have wondered about in some of the other mega cap names i think this is new. correct me if i'm wrong. you have a small position in alphabet do you take what happened with the decline in the shares and compression in the multiples as a definitive sign that these things overshot on the way back and the valuations got too cheap and they're, quote, unquote, safe again >> you made a great point. they don't print dollar bills in the basement they print billion dollar bills in the basement. >> fair enough, sir. >> these are the most profitable in the history of capitalism they have it all within their own control. the phrase i would use is the phrase mark used on the call last night phase change amazon, google,

take a look at meta. facebook's parent is having the best day in nearly a decade, jumping 23% right now. and its second best trading day ever. meta is surging right now not just on a revenue beat and the fact that across 2 billion daily active users, but relief that ceo mark zuckerberg has apparently woken up from his all-in on the met a the verse dream and has pronounced 2023 the year of efficiency. he's got plans to cut costs this year by $5 billion, so this stock is popping $35 to clash 1 # 8 and change. -- $188 and change. meta's rising tide is lifting all social e media boats. you look at met a, you know, the others aren't up nearly as much, but nap's gaining about 8.5% -- snap's gaining about 8.5% after not a great report -- quarter it just reported. it's not just the subsector of social media that's lifting, the nasdaq is going parabolic. the tech-heavy index is up 254 points right now or two full percentage points thanks in great part to meta. in fact, it is close to the exiting bear market territ

amazon is writing the tailwinds that are google and meta--- meta's headwinds.d: let's zero in on meta, the surprise of the week. a, the response, meta-shares jumping more than a decade on thursday. the other data point is facebook at 2 billion data users, up 17 million from a year ago. what has meta done to make the platforms interesting? presumably, the market reaction is investors saying this bodes well for advertising revenue going forward. rachel: yeah. the way that people measure the at -- efficacy is to this mythical model called media mixed modeling. it requires brands need full funnel marketing. in order for the math equation to work they need to have upper funnel media that is letting people know, hey exist in the world. mid funnel media that is encouraging them to buy. then bottom of the funnel media that is pushing them towards the path to purchase. bottom of the funnel media, think amazon, walmart, instacart. it's typically expensive. upper funnel media is more affordable. meta, remains to be a really strong platform for upper funnel media. mikmak w

let's get an update from meta's earnings call.g in gene, what is the latest >> melissa, zuckerberg is the only founder/ceo of a large-cap tech company and he is teachable. this call has all been about efficiency and specifically around reality labs which is a big surprise because it has been a big cause for him. new ai products this year. if you read between the lines, they're going to be reducing head count that may come through attrition or through further lay-offs. i hope it is the former, but he is definitely shifted script and given investors what they want to hear. >> gene, thanks for the update gene munster of deep water up 19% in the after hours session. let's get to amazon though one options trader getting bullish on the stock in a big way. brian stutland joins us with the action brian. >> they certainly are. outpacing points 2.5 to one. normally it is one-to-one. traders are expecting an 8.6% move in the stock. this call trader expecting a greater move than that they were a seller of 60,000 fed 90 calls they bought at th

and meta has very high ambitions for the meta verse and has invested up to $10000000000.00 in the met a verse in 2021 already. but there are other costs to the matter verse that don't have your pocket book. how about time, for example, worldwide, the average person spends just under 7 hours a day looking at screens. and that amount was even higher during the pandemic. and it's predicted to grow as the younger generations become more and more tech savvy and dependent on the internet. and while the true met a verse is still 10 to 15 years out, companies like roadblocks for night, youtube and others. there are creating products for the next generations digital future. and this means the next generations will be prime users of the meta verse. but what social and psychological costs, as they increasingly live in a virtual world. and when we come back after the break and developing nations are ahead of the metaphors, technology development, which countries are leading the parallel universe and we'll have more when we come back. i i when i went to the wrong one, i'll just don't need you to f

>> well, look, tyler meta continues to invest in the metaverse. its reality labs division, that division receiving greater losses this year than last as they continue to invest there, but i think what mark zuckerberg was trying to communicate, they'll be more restrained, more fiscally cautious thinking about investments trying to do more with less and what was really interesting, cutting costs is not separate, he said, from us being a smart tech company in many ways cutting costs works hand in hand with being a better tech company, creating better technology seeing advantages of that fiscal restraint. continue to invest in metaverse over the long term but making progress in generating more revenue and profits from their core family of apps. >> whatever they're doing, a song wall street seems to like hearing now. julia boorstin, thanks. >>> move on talking google and amazon efficiency trend continuing from amazon and google or alphabet. both companies recently announced layoffs. bringing in deirdre bosa for more d deidre, something julia said, pote

i talked about meta several times on cnbc.here it was u undeniably cheap all of these stocks we call in treatment. if somebody recognizes to cut costs and people they hoarded employees the most important thing for meta, $40 billion buyback. 10% of shares. there will be improvement. i think spend less in the metaverse over expenses. the expense cut was better than expected if you haven't bought it, up 75% if it opens up 20% >> a broader macro question. we debated with roger ferguson who are you listening to are you listening to jay powell and what he is saying or the market and they don't believe jay powell or roger? who is in your ear >> it is respectful to listen to everybody. >> who do you believe then >> i think we have looked at what inflation appears to be look at the housing market look at the indicators that i'm sure the fed spent time looking at wages wage growth coming down. there is clearly an improvement on inflation we have seen it in the cpi he was going to have to address that he was going have to respond to bett

it's happening now with meta, formerly known as facebook. they announced a $40 billion buyback, one of the largest in history, and that did the trick. meta's stock is zooming. they gave an upbeat outlook, and that did not hurt either. at the moment, it's $184 a share, up $31, that is 20%. later today apple, amazon, google, all three of them report, and all three are moving higher in premarket trading. i wonder if they'll announce a buyback? popular with investors, hated by the left. no surprise, the nasdaq is powering ahead this morning. that's big tech's stomping ground. the nasdaq at the moment is up 240 points, almost 2% again. s&p up nearly 1%, and the dow just a fraction higher. here's more help for big tech, interest rates are falling after the fed talked about inflation improving. the 10-year treasury yield all the way down to #.35 -- 3.35%, that's a big drop can. the 2-year just above 4%. interest rates down. of politics. at the first hearing on the border crisis, jim jordan pulled no punches. he says biden's border crisis is intenti

is meta going to go by itself? it went down by itself but those were because of missteps, you could argue, not because of loss of momentum. they caused the loss of momentum >> right, but the momentum reflects the change in the fundamental conditions and it does it very quickly it does a very efficient job in messaging that to investors. and i think brad gerster is correct in what he believes the company should be doing. are they moving that direction i think the answer is yes. >> all right so that brings us to these stocks in some respects have done better this year because of longer duration assets have done better because rates have been low which brings us to the fed decision today, 2:00 eastern time followed by the fed chair speaking to the media. the bond market carries pricing in two more hikes. 25 today 25 in march. and then cuts by the end of the year and that is the biggest debate is the market right or underestimating the fed? what do you think? >> what is most important is what he says about the hike. we

today was a norm is for meta-.e biggest opening day going all the way back to july, 2013 with tailwinds for alphabet and apple and amazon reporting after the bell. let's dive into what we can expect. thank you as always for joining us. how high of a bar did meta-set for alphabet and amazon? >> they set a huge bar. the magnitude of this move is incredible and i think the larger set up is that everyone was underweight tech. we were called the new natural gas last year. we had a huge pullback in tech and multiples extended to the other side. while fundamental still have yet to bottom, we think valuation is becoming extremely favorable. we look at meta-treated to a low teen multiple and now it's in the 20's and could get above $200 per share. the set up has created a massive bar for google and amazon. amazon still has that human labor component of this in their supply chains are weak overbuilt relative to where the demand is so we worry more about amazon's set up. google is extremely cheap and we wrote a note a week ag

meta has a lot of money.y're losing some advertising largely because of what apple did recently to disallow apps from tracking you. that hurts their bottom line when it comes to personalized advertising. so now meta is saying, okay, our stock price is down. we have to please wall street. let's see if we can get some money from those users that previously we took all that data from. >> sure. >> and it is a bit of a trade-off. it's almost like streaming netflix, let's say, versus watching this program. one, you have to put up with some ads. the other, you stream ad-free. facebook is essentially saying, let's get rid of any ads, any slowdown, any -- >> so if we pay for this facebook, instagram thing, no ads then? >> at least reduced ads if not no ads whatsoever. i just don't know if it's going to catch on, especially among the crucial audience of young people. >> is it available right now? >> not yet. it starts this week in a couple of test markets, australia and new zealand. >> not the u.s. yet? >> not yet. it'

is this all meta? is it optimism ahead of amazon and google's earnings and others coming out including apple later on today? let's get the read how significant this is with susan li. hey, susan? >> reporter: looking at a 90 billion-dollar day for meta. that is the best day for the stock in almost a decade for mark zuckerberg's company. wall street is loving the fact they're reining in costs, of course that 40 billion-dollar stock buyback. at least 24 brokerages on wall street raised their price targets. three full upgrades from bank of america, piper, rosenblatt. they say the stock is $260. meta says you heard on the earnings call. a year of efficiency, with zuck himself not ruling out more layoffs this year cutting 11,000 last year. meta crossing impressive milestone, two billion daily active users first time. they added new users in canada, u.s., which is impressive, given how saturated the market is. guiding for sales to increase this quarter. maybe they're over apple ios privacy changes. they're lo

so anything that meta crates now will misfire. but the real power the met diverse is in organic community building. it is currently anticipated to grow to market size of 800000000000 by 2024, making the biggest breakthrough technology in the past decade. now let's bring an e n con, a met averse expert futurist an author. so and what is the biggest hurdle in defining the met averse? how would you describe what the purpose of the metaphors is? so the mirrors can be defined in many different ways, but in essence, the matter worse is a collection of different platforms that have been created by many different companies. for example, microsoft, the central land, the sandbox, all these companies have put in the resources to create workable worlds. essentially platforms where you can do many different things, such as play games, a meet other people, or do something productive. and all these are collectively called the metaphors. the matter worse is not just one platform or it's not just one world, but everything put together as just as t

i asked about the reaction for the earnings for meta in the fourth quarter. >> 2022 was the critical year because we were able to demonstrate we didn't just have a plan, but the plan was working and we have proof points to show it especially around investment we have made in ai and machine learning they really starting to payoff we saw 20% more conversions than the prior year we are leaning in with advertisers to get efficient about the investment in the ai powered products this is an area that we are going to be doubling down on we're doubling down because we know growth and efficiency are the things that are top of mind for advertisers. you know, we are combining that with the new way of operating. all of this together is an enormous step change for the company. >> of course, mark zuckerberg has come out to say 2023 will be the year of efficiency what does that mean for you? >> he is very much talking about what i was saying. we changed our organizational structures it also means, you know, in terms of where we are making our investment that actually over 80% of our investments are

plus julia boorstin on snap and meta, and david zervos here on the fed. seeing quite a rally, an intraday turn around after comments from jay powell after they raise interest rates. the market is getting excited about what they heard, or maybe what they didn't hear, push back against looser financial condition, push back against maybe not going as high as originally anticipated >> i don't know if it's realistic as the most probable outcome, but chair powell did not call the market to task for that he said they must have a different expectation. he was not trying hard to jump on the market. i think it was a business of a worry in there, and for good reason, that we would be going through the august routine we have five or six months of retrenching, and the bray day leave was midday august 26th, the day he sent the market lower on the pain speech we have a lot of symmetry going on here. he didn't declare victory, but i think relative to how people were positions, for the moment we're not getting that >> i wonder if the fed-speaking to come is trying to walk

lower, at least on the longer end of the curve, 3.7 on the ten-year microsoft, apple, nvidia, and metaead the way. look at the nasdaq 100 and you'll see the story here with the strength coming off a down week last week, ilumina having an 8.3% surge of earnings. some of the chinese tech stocks like pinduoduo rallying today and the media names continuing a strong showing, warner brothers up another 5%. we're going to getting early read on inflation ahead of tomorrow's cpi report when we talk to the ceo of consumer products company edgewell, who says walmart is warning companies like his about raising prices plus we will speak to michael rubin, ceo of fanatics about last night's super bowl and the demand he's seeing for athletic wear, gambling, lot to talk about there. first, mike santoli, kind of a quiet, from a headline perspective, but path of least resistance is up >> it is today, sara, levitating a little bit volumes are light but not a lot to stand in the way of the s&p 500 essentially traveling a pretty high percentage of last week's total range last week, we were down 1% plus but

snap stock sinks, dragging down meta. we will get a read on the consumer with mike sievert, ceo of t-mobile. it is weird and cold to have you here in person, guy johnson. guy: i have never sat beside you before. we will see what happens here. anything could go wrong, but we will see if it goes right. i have seen your desk, which is a whole scary thing. alix: my apartment is much nicer. guy: i have just about thought out. it was quite chilly out there. i woke up to snow in new york this morning. alix: me, too. that was surprising. a lot to get through over the next couple of hours. let's get to breaking data. we have openings coming in much stronger than estimated at 11 million. we just had the previous month, in line. 11 million job openings. we are still there in a superstrong job market. guy: in some ways, the ism job numbers couple meant and that as well. the isom employment numbers coming in at 50.6, down from 51.4. the number has been revised lower. that headline manufacturing number comes through weaker than anticip

i want to stick with meta. is talking about a subscription tier verification a la twitter. shares were markedly higher on tuesday, on a day when social media peers were lower. we fell down 0.5%, but broadly, perceptions of this plan that came out over the weekend were positive, even though we are down 0.5%. one note caught my eye. bank of america say, it is intriguing, clearly following from what twitter has done with twitter blue, but it is this last line that i am seizing on. audience size could be limited by the number of creators and influencers on meta's platforms. we talked about how important the creator is on platforms like instagram, tiktok, and the analyst nervousness is about the core facebook product. it might not be there. caroline: i wonder how we square that circle of hooking in more content creators and asking them to pay more, but ultimately, how much does this maxed out at? let's ask an expert. you currently host creator upload podcast. my immediate reaction when i saw this was, i wonder how a

watch starting the year up more than 20%, meta.napchat, we're seeing the big dive, but still up 10% certainly something to watch we'll see you later in the show. >>> turning our attention to the nation's capitol and the developing story as president biden gets set to host kevin mccarthy for a one-on-one meeting. brie jackson with more good morning, brie a lot of talk between these two through the media. what's on the agenda >> reporter: good morning, frairng. president biden says you show me your budget, i'll show you mine, while speaker mackay think says he's not interested in political games president biden prepared to meet with house speaker khem today, a clear message in mind in a memo white house officials reveal two critical questions biden will pose. will this group submit to not allowing the house to fall on its financial obligations and what's the house budget plans? the gop is planning spending cuts to lift the debt limit but has yet to provide details he's coming to the white house to negotiate. >> i think we can find a

look at meta-, up 23%. the best days since july 2013. their fourth-quarter revenue and they authorized of 40 billion buyback. not so shabby for investors. here's the 10 year yield in the u.s.. is not doing so much, down for basis points. again, some dovish tone here. as for the two year yield it's almost below 4%. at this point here, is starting to hit into support. it will be interesting to see whether the two year yield goes below 4%. this chart suggests that it will. many investors think the fed is going to do some of these lighter hikes and then maybe pause. i won't comment on the idea that they will cut. interest rates means big tech is up. these are the point contribution of the meta-cap movers this year to the nasdaq 100. amazon, nvidia, apple, tesla. these are the old winners and they are back. we have something pretty special for the s&p 500. we have it doing something it has not done in quite some time. i think we can make the call that the bear market is starting to fade. this is a sign that we are starting to see the beginnin

i think that aligns with what we heard today for meta.eriod, but we may see some recovery or at least some more predictability this year from these companies. >> sarah frier there, who leads our technology coverage in san francisco. coming up next -- the former atlanta fed president tells us what he thinks the fed's made a balanced and measured decision, slowing the pace of hikes. we get more on jay powell's comments, head. this is bloomberg. ♪ science proves quality sleep is vital to your mental, emotional, and physical health. and we know 80% of couples sleep too hot or too cold. introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. >> we continue to anticipate that ongoing increases will be appropriate, in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time. i would

well, the meta versus the loosely defined term. now as companies try to stake their claim and define this new frontier, it encompasses using the web to meld the manufacturing and work and overlap with many aspects of faith with parent company meadows vision. right now it is a complete mess of virtual world and a piece alternate and all mental realities and gaming concepts. i'm christy i and you're watching the cost of everything we're today will be taking a closer look at the metaphors and breaking down the players and the costs to develop a new virtual frontier. ah. the mad of earth consists of 3 general platforms. now the 1st leverage is an, a t's and crypto currencies to create block chain based met reverse startups. people come by virtual lands, create individualized settings on the central land and the sandbox. the 2nd one though, refers to a virtual world where people meet for business or pleasure. users can trade and f t's or spend crypto to buy and sell goods. for example, users have now earned money on ro, blocked by charg

to the bryantsivka mine, meta was the oldest meta bathhouse a-a-a owned it there an italian entrepreneur this mine the new big toll in honor of the polish ugu mine, only footage and as yevhen said neither i nor he had never been there and maybe the viewers who are watching us now too have never heard of the fact that there are such mines in soledar, you can dive us there because you have been there, what impressed you personally and remembered the most from there, well , it cannot fail to impress. that is, you go down to a depth of 300 m of one permian of the sea and falls into the huge halls that were formed to extract salt. the purpose of the salt was brought to the surface, and these large voids turned into scenic routes to the sea. every dry season- it dried up and formed a satash of salt, and over many millions of years, eyes were formed, layers of salt are huge sea salt, when we say that there is sea salt, there is rock salt , but in fact it is still one and the same thing, it is sea salt. yes, it is, well, it is sea salt it was formed from the sea, but over the course of millions

so is the rally about to hit the wall >>> plus, meta's monster move. a 23% surge higher on the back of yesterday's earnings. the stock now up an eye-popping 118% from the november bottom. is it time to take the money and run? we'll ask the chart master >>> and later, one of traders ready to say i was wrong the market mea culpa and the path forward coming up i'm melissa lee. 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 s

meta down 1.5% after the bell, pinterest down 2.5%. >>> we're watching shares of amd. it beat estimates by 2%. the company extent as 10% decline. in a phone call, lisa su said there's reason for optimism. >> we believe in the quarter for our pc business and we'll see some growth in the second quarter and seasonably higher -- we undershipped in q3, q4 an photo the others the sharess are about 4% lisa su will be on "squawk on the street" at 9:00 a.m. eastern. >>le if we looked back at when it peaked, i'd be curious. texas instrument is saying the same thing i don't know. >> it peaks slightly after the nasdaq so at the very end of 2021 on a fiechb-year basis, it's still up a lot. >> it is >> it's one of those things where it's been this reset we have this cyclical issue, but i don't think it's unwound the -- >> does it have to >> i'm not saying it does. i don't necessarily think it does it's part of the industrial cycle. >> by the way, just going back to the snap story for just a second, what does it tell you that digital ads spen for them was so challenging what does it

all of this keedyed off by meta.'s get to tyler mathisen. >> thanks, everybody here's what's happening at this hour house republicans voted to drip e ilan omar of her committee some republicans accused her of being an antisemite. >>> it's governor sarah huckabee sanders that will deliver the response to biden's state of the union address. she said she looks forward to highlighting the differences between the republican and democratic visions of the nation and european aid for ukraine has topped $55 billion since the beginning of the russian invasion this as zelenskyy warns russia is preparing a major new offensive as the first anniversary of the war approaches >> thank you >>> coming up, health care was the trade to be in, in 2022. this year, a very different story. should you jump back in? we'll speak with one person who says there are two key factors e wchg. at is next ve in vancouver, washn and i write mystery novels. dogs have been such an important part of my life. i have flinn and a new puppy. as i was writing,

it's both a money making opportunity for meta and also an opportunity for meta to get in with the creterstforms like twitter and reddit and youtube that have their own subscription based model. i'm curious, especially with instagram, i was notified i would have to subscribe. why are kacompanies like this doing that? >> i think broadly, it's because of this ad market slowdown. they need to make money frame other places. also, you have these massive user bases that these social media companies have accrued over the past ten years and now they need to get them engaged. how many people do you know who have a facebook or instagram account but they don't use it as much as they used to? the idea is if you get people to pay for the product, they're going to use it more. that matters especially when it comes to creators. right now, there's an arms race for creativity on the social media platforms. snapchat, which is also included a new subscription product. the thinking is if we can offer creators specialized services there's more likely to put their content on our platform. >> i understand paying

the idea that meta-care could negotiate with drug companies seems to be the fear.f you happen to be paying into medicare, it makes sense but for drug companies margins that's not so hot. andrew: it is an issue for the entire industry. it is not going to be a big issue, analysts are not that worried, i would not think that is a major concern right now. jack otter: we will see what andrew does. you guys have some great investing ideas for next week, jack says the activist >> 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, safelite replace. ♪ technically when enamel is gone, you cannot get it back. but there are ways you can repair it. i'm excited about pronamel repair because it penetrates deep into the tooth t

and because internet service providers like meta are licensed by governments, they risk fines or the loss of their contracts if they do not comply. and for more, let's bring back dr. winston mano, author and professor of the university of westminster. so facebook is not just an online social network, it is a big owner of the internet infrastructure in africa. so just how plug in is facebook to the daily lives of the people in africa. some of these businesses, they enter the market like africa, we down to clearly declaring that interest to, you know, to do business without telling the african that, look, we are here to, you know, we're here to look after our business. but we are also here to try to promote your business. so many africans the few that we need to end as africa. it is actually an investor, which is coming to employment, which is coming to provide solutions. but the solutions, why must understand this solutions out. obviously, initially meant for them, so as the solutions that will promote different brands. and so when facebook was banned in india, when asked the question

i sold all my meta stock a year ago. at 232 a share.ook, last year was the first year in the company's entire history that revenue was down. why is the stock up? it's a relief rally. people are excited that they brought back free cash flow because if you look last quarter, free cash flow was only a couple hundred million. this quarterback up to five billion. not like the company will go bankrupt or anything. the problem is still costs. costs are still huge. they blew $13 billion last year on the metaverse. they have basically nothing to show for it except for a name change. until they cut costs that is what they said on the conference call, this is the year of efficiency. charles: right. >> let's see them because this quarter costs were up 20% quarter over quarter. i don't believe it and what i want to say even though if this become as the year of efficiency and they can get earnings per share back up i think the stock is fairly valued here. trading 18 times forward, 22 times lagging, and you know average five-year pe is 25 times. this

meta and twitter ready to start charging you for certain features. is it really a way to improve the social media experience or straight up cash grab by companies? our business reporter scott budman has been talking to users. that is a hard sell to start paying for something you had for free already. >> reporter: a very good way of putting it. this is what we expected. users are turned off by the idea of paying to use instagram, facebook, or twitter. none of the companies will make you pay. they say the verified experience would be enhanced if you subscribe. we found risks even with enhancements. billions of us use social media but are we willing to pay for a better experience? facebook, instagram, and twittering asking. so far the answer seems clear. on the street -- >> not something i'd be willing to pay for. >> reporter: and in the classroom. >> not a single person said i'll pay for that. >> reporter: shortly after twitter announced twitter blue an $8 a month subscription plan to enhance your twitter experience meta says it will soon experiment wi

lourdes: meta lanzarÁ al programa de esta semana en australia y nueva zelanda, despuÉs a otros paÍsesy duda de que las redes sociales se han convertido en un negocio multimillonario que cada vez continÚa evolucionando para hacer mÁs dinero, falta ver si este concepto de pagar por beneficios que hasta hace poco eran gratuitos consigue suficientes seguidores para ser rentables. leÓn: $140 al aÑo no me parece bien, deberÍa ser gratis. maity: gracias por acompaÑarnos. los esperamos en la ediciÓn nocturna. la ediciÓn nocturna. esta en televisiÓn. qué rico se ven mis hotcakes, mami, se ven deliciosos. yo sé que son tus favoritos, mi amor. todo lo que cocinas te queda buenísimo, y esto se ve muy rico y no creo que sea la excepción. siempre trato de consentirlos. oye, papi. ¿me vas a ayudar a hacer mi tarea de los animales de la selva? claro que sí, mi amor. cuando llegue de trabajar, yo te ayudo, ¿sale? - conste. - claro. por cierto, no se te vaya a olvidar pagar la mensualidad del crédito hipotecario. no quiero que nos atrasemos en ningún pago. mi amor, no te preocupes. lo tengo muy en ment

it's happening now with meta, formerly known as ok

this week, a label caught in nairobi rule that meta can face a lawsuit in kenya. as after the tech giant tried to have the case dropped, arguing that can use courts did not have jurisdiction over its operations. we reached out to meta says the ruling was announced and they responded saying they cannot comment on ongoing legal matters and matter is facing a 2nd law suit in kenya to individuals and a rights group say the tech giant failed to respond properly to hateful content on its platform, facebook as relating to the war in if your p as t grier region. one of the plaintiffs says a facebook fail to take down hate speech. abram mirror seen here on the left says metal lack of action lead to his father's killing marrow. amory abra, a chemistry professor any feel? pierre was on his way home from work when he was shot in the back and legs. this happened right after 2 facebook posts called for his murder. to look deeper into these 2 cases against meta in kenya, i'm joined now by iran gotten he is the amnesty international tenure executive director. welcome to dw news a

the way valuations have gotten compressed and gotten concerned in some of these businesses i know meta was one of these picks. even after this rebound, does it still look attractive? >> yeah, it does the stitches and scars from late last year are starting to heal, so i'm feeling a little bit better about that. all kidding aside, i'm thinking about real quick on meta if you are rip vanwinkle and you went to sleep last august and september and woke up today, you would realize that stock is up a little bit more than what it was then what's interesting is after that dreadful third quarter report in october where submits were just dec decimated, what's interesting is after this last report, estimates are almost back to where they were in that august and september period and more importantly, the estimates for third quarter 2023 and fourth quarter 2023 are almost exactly where they were and so the stock outside of all of that conference call and mark zuckerberg, we're going to spend like drunken sailors and the stock collapsed below 100, probably should have never have gone down there, and w

mixed bag, meta, microsoft, apple moving higher.ers percent but alphabet down slightly, amazon down about half a percent. all right let's single out meta if we can announcing a new round of job cuts. good morning to you, susan li. do we know how many jobs are on the line? >> yeah, so this is a report in the financial times. we have no specific numbers right now but the fte is reporting that meta is delaying sets budgets because they are thinking of another round of layoffs and this is after the 11,000 that were announced last year. that was 13% of headcount and this is a year of efficiency as mark zuckerberg called it and that's why the stock is up 44% so far this year. it's only eight weeks in. now meta also reportedly telling some managers, get back to making things, or just leave the company. you know, meta is currently going through performance reviews according to this report and trying to cut out the middle managers and get back to actually making stuff and things that people want to use and actually drives revenue. ashley: ye

the idea that meta-care could negotiate with drug companies seems to be the fear.you happen to be paying into medicare, it makes sense but for drug companies margins that's not so hot. andrew: it is an issue for the entire industry. it is not going to be a big issue, analysts are not that worried, i would not think that is a major concern right now. jack otter: we will see what andrew does. you guys have some great investing ideas for next week, jack says the activist investors, all foam, no beer, stay right there. they customize your car insurance, so you only pay for what you need. contestants ready? go! only pay for what you need. jingle: liberty. liberty. liberty. liberty. the day you get your clearchoice dental implants makes every day... a "let's dig in" day... mm. ...a "chow down" day... a "take a big bite" day... a "perfectly delicious" day... - mm. [ chuckles ] - ...a "love my new teeth" day. because your clearchoice day is the day everything is back on the menu. a clearchoice day changes every day. schedule a free consultation. ( john rego) being an army

the idea that meta-care could negotiate with drug companies seems to be the fear.not so hot. andrew: it is an issue for the entire industry. it is not going to be a big issue, analysts are not that worried, i would not think that is a major concern right now. jack otter: we will see what andrew does. you guys have some great investing ideas for next week, jack says the activist inner voice: (kombucha brewer): when i started my new kombucha business... ... i thought there would be a lot more kombucha... ...and a lot less business. inner voice (graphic designer): as a new small business owner... ...i've learned that trying to be the “cool” boss... ...is a lot harder when you're actually the “stressed” boss. inner voice (furniture maker): i know everything about my new furniture business. well, everything except... ...the whole “business” part. not anymore. with quickbooks, you can confidently manage your business. new business? no problem. yeah. success starts with intuit quickbooks. when aspen dental told me that my dentures were ready, i was so excited. i love the