mike santoli following this for us today mike. >> yeah scott. ackman posting just a little while ago that at 4 p.m. he'd have an announcement perhaps making the analogy of forming his version of a berkshire hathaway which presumably would mean kind of a publicly traded vehicle with which he would make further investments and try to build value down the road. now, immediately, one of the ways that the market started to connect the dots here was to buy shares in howard hughes triple h. now, this is a company. remember that bill ackman's firm owns about 37.6% of. and last month he offered to purchase more shares that he so that he would have a majority stake by merging it in with a subsidiary of pershing square, maybe cashing out some existing shareholders at $85 a share. so you see there, the stock popped up to around 80 bucks right after that announcement. we obviously don't have any more detail in terms of what is going to be announced. howard hughes created a special committee of the board to review possible options back when that unsolicited b

mike. santoli. now 90s left.ht for the day. >> market finds a way to find offsets to the obvious negatives. and it's been doing this. the kind of accumulated exposures and the options market around this index level. we've been around 6000 for weeks. means that we're kind of bounded on on the indexes. do find it interesting that you push out the likelihood of a next fed rate cut, but you already didn't have one priced until september. so it enabled the stock market to sort of look through the cpi a little bit. you hear a lot of people say, you know, it was only 0.45 on headline without rounding, not 0.5. all that stuff kind of built together i think. also you can't escape. we're going to hear from robinhood after the close. just how much of this wild high velocity action is happening in the nasdaq. 40% of nasdaq stocks are down today, but actually 60% of stocks are down. but only 40% of the volume is down because there's a bunch of penny stocks trading 100 million shares on the upside. and palantir is going nuts a

you can't have it both ways, is what mike santoli is saying.ys for bearing with me. >> thank you steve. when we come back we're going to talk big pharma companies and their ties to china merck and pfizer both reporting earlier this morning. we'll run through the numbers and talk tariff impact on that sector. and then ark invest ceo cathie wood will join us. squawk cathie wood will join us. squawk box will at&t has a new guarantee. because most things in business are not guaranteed. like a distraction-free work environment. -yeah,i'll circle back around. -get those steps in, kevin. your coworkers keeping things confidential. [phone ringing] oh, she's spilling all the tea. ♪♪ or office etiquette. yeah, that's not guaranteed. i know you can see me! you know what at&t guarantees? connectivity you depend on, the deals you want, and the service you deserve. can i get that logo bigger? or we'll make it right. that's the at&t guarantee. is a bitcoin etf the same as owning bitcoin directly? while bitcoin etfs might offer a familiar face, they lack the t

that's contessa brewer with mike santoli.f the bottom okay today. >> yeah. bent a little bit. did not break each of the last eight trading days. so basically since the beginning of last week there has been an afternoon rally, meaning we've closed a good deal higher than a mid day or a morning low. it shows today that reflex is still in the market. it's still going to kind of try that until proven otherwise. you're going to feel it in terms of looking at the one day damage and things like jp morgan and goldman sachs and the leading crowded trades. >> like palantir. >> large cap banks. and then you have the high. >> fliers, like. >> as i said earlier, the best case scenario would be that the frothy parts of the market just calmed down a fair bit. the overstretched mega-caps like walmart and costco and jp morgan can just sort of relax, lower, and the rest of the market takes up the slack. maybe it's a lot to ask. i've been talking for over a week about how we're going to get through these expirations. the vix products yesterday,

mike santoli our senior markets commentator is at the desk with me at as well. i wanted to bring him into the conversation. i mean you came into the year mike, thinking, i mean, i remember back when i'm sitting in beverly hills with todd boehly and he mentioned animal spirits. yeah. just this idea that there was so much pent up demand to do deals and to have a better and more loving embrace of business, if you will. yeah. taxes, deregulation, fed cuts, so many more things that now we're questioning all of a sudden we're only 30 days into the new administration. >> yeah. >> we're questioning certainly the sequencing of things and the fact that pretty much the storm of proposals and efforts that are out there now. >> on. >> a policy front are mostly, if at all, if they affect growth at all, their growth negative, or they add friction to the system. i've been saying that for a while. i do think, though, that everyone recognized we weren't going to see a massive boom in the first quarter in massive ipos and huge m&a deals. it was going to be something that could buil

. >> and mike santoli. we're live from post. >> nine at. >> the new york stock exchange.. >> have the morning off. let's give you. >> a quick look. >> at the markets. >> we are up. i think that was a new record we had on the s&p. backed off a bit. but as you can see still in positive territory treasuries hanging in there right at 4.5% for the ten year. >> we're 30. >> minutes into the trading session. >> here are. >> three big movers. >> we are watching. >> a mixed. >> morning for chinese. >> related stocks. >> after news. >> that china's president xi jinping met with. >> a number. >> of his. >> country's top. >> entrepreneurs. >> including alibaba. >> founder jack ma. >> the latest. >> from beijing. >> later this. >> hour, plus southwest. >> take a. >> look. >> at. >> that stock, announcing plans. >> to cut 15% of its. >> corporate workforce, or about 1750 jobs, the first. >> mass layoff in the airline's 53 year history. shares down about 1.2%, and we are. >> keeping a very close eye on meta. >> in. the red. but coming off 20. >> consecutive days of gains, the longest da

the friday curse may be striking again michael santoli joining us now. mike there's a lot going on.hatter this that and the other thing. it's huge options expiry day. do we have any idea what sort of causing this end of the week sell off. >> i think. >> brian it's a. >> it's a pile up of a lot of factors as. it usually is, but. >> it's kind of. >> accumulating to a mini growth scare if you. >> look at the way the market is trading. it's cyclical stocks down. >> it's travel stuff down. >> it's this idea that we started. with pretty high expectations for the economy, the january. retail sales. >> not that great. >> it was a bit of a consumer hangover feeding into walmart subdued outlook. and then the university of michigan sentiment numbers today. yeah everyone focused on the inflation expectations blowout to. >> the upside. >> i think the market correctly is just saying consumers are in a bad mood. >> yields down hard. >> so we don't. >> know if how. >> much of this is kind of chatter or headline driven, but it is a market that has been getting. >> by and. >> hovering near the. highs

mike santoli a post nine of the new york stock exchange. kramer in favor of the morning off pre-market. pretty steady s&p on track for a positive week but yields a bit lower here as we get the worst drop in monthly retail sales in nearly two years. ten years back below four and a half ahead of that long holiday weekend. our bet this morning goes with the trade. trade investors continuing to digest delayed tariff plans from the president. as we close out this third week of the new administration. >> plus shares of airbnb and roku surging after earnings beats moderna, palo alto and amat heading in the opposite direction. we'll break down all the movers of the morning, including gamestop, which is considering investing in bitcoin and other cryptocurrencies. shares moving higher ahead of the open. >> let's get right to the markets. s&p is coming off the best performance in about a month. mike. we had a couple of losing weeks. we're going to try to repair some of that. although we had a discussion yesterday about seasonals and what the rest of f

mike santoli here at post nine of the new york stock exchange cramer and faber have the morning off. futures holding in there. despite the slightly warmer than expected ppi number and the prospect of retaliatory tariffs from the white house today. yields a little bit lower across the curve. a lot of february quarter earnings movers including cisco up six. >> a roadmap. >> though is going to. >> begin with. >> deleted elon musk calling for the u.s. to, quote, delete entire federal agencies comparing them to weeds. >> plus earnings watch as carl mentioned, cisco riding the i wave. deere seeing a farm slump and momentum names like reddit applovin robinhood seeing big moves here premarket put ceo vlad tenev joins us later this hour. and apple's i play josiah confirming that alibaba will power ai on iphones in china. >> let's get right to this morning's ppi number. we are 4/10 was a little bit hotter than the 3/10 we were looking for. mike some of these year on. year we'll take you back to early 23. but the second look at cpi yesterday was really about maybe it's idiosyncratic. >> moves i

. >> along with mike santoli. >> and robert. >> frank joe and andrew are. >> off today. gentlemen welcome. >> good to be here. >> good to be here. looking good in the suits. >> across the board here. >> let's take a look at what's. >> happening with the us equity futures. >> at this hour. >> you'll see right now. >> there are some. >> declines at this point. >> dow futures off by. >> about 80 points. >> s&p futures. >> down by just over. 30 points. the nasdaq down by. close to 200 points. this does come after the markets. all three major averages. >> saw their first positive session in. >> the last three. we'll continue to watch and see what's happening with some of these things, but obviously some of the pressures that we've seen with these technology shares overnight adding pressure, especially to the nasdaq. >> alphabet for sure. amd as well. and so yeah, a little bit of a setback. you know we actually did a round trip week to date monday trade concerns s&p down three quarters of a percent yesterday up three quarters of a percent. almost landed in the same place we cl

mike santoli. market as mike said is well off the lows, whether it be the s&p, nasdaq or the dow as well. a lot nasdaq or the dow as well. a lot more market coverage for you (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. top line? this is a quality, comprehensive exam. come again? you asked me to topline it for you. okay. bottom line? well, the bottom line is this is an amazing value. what? get two pairs of progressives and an eye exam starting at just $159.95 at america's best. handle photography, pricing, shipping, customer service. >> and so much more. resale is what. >> we do. >> so you have time to do you first. >> time consignors. >> get $100 extra. terms apply. for 32 years. >> red chip has been discovering tom

cnbc senior markets commentator mike santoli here to break down the crucial moments of this trading dayy earnings reports we are watching for in ot. kristina partsinevelos on qualcomm and arm holdings phil lebeau looking ahead to ford for us. but michael i'll go to you first. we've got a decent day i guess out of today. >> i mean it's pretty unassailable. the market's ability on display to just kind of rebalance itself almost to the point where it's like, okay, raise the degree of difficulty. you got to have google, amazon, apple, tesla, palantir, uber all down a lot. and somehow you got to get the s&p positive. i was looking earlier, you know, talking about the beneficiaries of all this capex. right. so alphabet down $200 billion in market cap today nvidia and broadcom together up 185 a ton. so they've essentially offset one another. now can can everything run this perfect for this for much longer. can we always count on this choreography. of course not. but you know while it lasts you it shows this very active dispersion trade. at the same time, i feel like people are kind of spending

i'm sara eisen with carl quintanilla and mike santoli.ine of the new york stock exchange. day two of fed chair powell semiannual monetary. policy report. he's going to be testifying today before. >> the house financial. >> services committee. we'll take you to the q and a when it begins, will he address today's cpi inflation report? that is the question. the market is certainly reacting to it. big disappointment. and you can see that. >> in the stock. >> declines down 6/10 on the s&p. we have. >> come back a little bit. >> from the lows. but you've got every sector lower right now. and some are getting punished more than others, especially the rate sensitive. >> ones like. >> real estate utilities materials industrials. also under a lot of pressure. >> tech is holding up. >> a little bit better. the nasdaq is down half a percent amazon microsoft nvidia micron weighing on tech sector. but you do have gains today in tesla palantir intel doordash off better earnings. >> helping offset that. >> treasurys big move. >> lower in bonds pushing. >

cnbc senior markets commentator mike santoli is here to break down these crucial moments of the tradingo earnings reports we are watching in ot. deirdre bosa on lyft angelica peebles on gilead. mike, i begin with you sort of a kind of a whatever day ahead of cpi in the morning. nothing big from the fed chair today. apple a nice winner and meta going for that what 17 in a row now. >> yeah the market's kind of withholding its true feelings here a little bit. it's very split i looked a minute ago the new york stock exchange up versus down stocks was 1350 against 1350. so volumes light in the index products. if you had to say there's a story aside from what you mentioned with apple and meta picking up the slack, it's that tesla's down 75 billion in market cap on the day, and the rest of the market is managing to counter it and keep the s&p harmless at these levels. i do think the kind of churn has a little bit of a flavor of defense and laggards kind of coming to the fore a bit. nobody's having a real growth panic. but i do think that there's a concern out there that if everyone's eyes are

commentator mike santoli here to break down these crucial moments of the trading day. leases out. not on our radar. phil lebeau watching carvana. seema mody watching. mike, i turn to you first. we just keep climbing up slowly but surely. >> yeah. >> and within it, it's almost like the market's doing just enough. >> to kind. >> of keep its nose above water. interesting how much erratic action there remains below the surface. whether you want to point to the palantir or the smi moves today. even, you know, things like robinhood that have been really. >> strong coming into. >> this week. meta down again today. and yet the market just. >> kind of. >> takes it. >> i might have thought. >> that in a week when it's kind of a no news. >> backdrop in. >> terms of big macro, in terms of big earnings or any anything like. >> that, that. >> you might have just gotten a little more of a levitation type effect. broadly speaking, we haven't gotten that, which is, i guess, fine. it's not as if it's indicting this move. and as i said before, if you just look back at the history of when

senior markets commentator mike santoli is here to break down these crucial moments of the trading dayon our radar. julia boorstin on airbnb. contessa brewer on wynn. mike i'll turn to you first. we're not that far away as i said from a new closing high on the s&p. presumably because we didn't get these actual tariffs put into place today. just a study. we got to wait. and the market appears to be soothed at least a little bit. >> yeah. >> you know. >> as i was. >> saying to you in the noon hour. the market. >> wants almost nothing. >> new to happen relative to what we expected. >> on december. >> 31st in. >> terms. >> of the fundamentals. >> the market does not view tariffs as. >> like a battle we have to fight. so if we defer it, if it's not across the board, if it's not very punitive, if it doesn't. >> seem like. >> it's going to add too much friction, that's all the better. meanwhile, the indexes. >> the s&p has been hanging around the basket. right. it hasn't really been. >> able to buckle in. >> a. >> sustained way. >> this is. >> our seventh time. touching the 6100 level in the

cnbc senior markets commentator mike santoli here to break down these crucial moments of the tradings to watch in overtime today steve kovach on electronic arts courtney reagan on chipotle and julia boorstin on snap. first mike what stands out to me is that you have some names like a palantir up 24% while you have an estee lauder down 16% or a paypal down 13. even a 5% move lower for pepsico is big. in other words, big rewards and big punishments off earnings. what does that say about the posture of the market? >> outsized moves? i think on balance, it shows. you expectations were. >> relatively high. >> now palantir. >> massive high. >> momentum story as well as a. >> very, very. >> kind of vociferous beat in terms of revenue growth. >> so you take that aside. that kind of that stock. >> has kind of has a life of its own. >> in general. i think the market. >> prefers this mode. >> of company by company, figuring out how they came. >> in and rotating away. >> from the dangerous stuff. >> and, you know, today it is mostly about. mega-cap tech supporting the indexes. >> i also find it.

morgan stanley >> it is time for the cnbc closing bell market and cnbc senior markets commentator mike santoliial moments of the trading day. plus, k rooney on what to expect when amazon reports in just a little bit. and contessa brewer on expedia's earnings which are out today as well. michael you first. your observations on this day. >> you know we have more of this. >> low energy churn. >> it's definitely not causing any damage. >> inside the market. very narrow ranges. >> what stands. >> out is. >> again. >> just the almost even. >> split between. >> things that are up, things. >> that are down. >> being able. >> to. >> absorb some some pretty. >> big earnings. >> adverse earnings reactions. banks up more than 1%. so on. >> every day it seems. >> like the market finds. >> a way. >> it's on the one hand. >> susceptible to headlines. but on days when. it's not getting any. >> real market relevant. >> headlines, it's able to just kind of. >> churn in here. i still keep pointing out that very, very heavy kind of small investor flow in the same group of stocks. >> or at least a. >> few of the b

i'm mike santoli in for scott wapner. >> today this make. >> or. >> break hour begins. >> with stocks. tethered to tariff talk. >> with the indexes. rallying hard from a. >> sharp early. >> spill as. initial fears of immediate. >> tariffs on canada. mexico and china. >> imposed by. >> president trump were eased. somewhat by a ttave. agreement to delay. the mexico. >> action by 30 days and a plan. for talks. >> with canada. >> this hour. >> here is the scorecard. >> with 60. >> minutes left in regulation. the s&p 500 up. >> more than 1%. >> from the morning lows, now down just 4/10 of 1%. the dow going green. after opening lower by. >> more. >> than 600 points. you see it just there above the flat line. >> the nasdaq. has been the. >> laggard all day. >> it remains so. >> it's down about three quarters of 1%. >> pressured by. >> nvidia, apple and tesla. all of them seem perhaps as net losers. if 10% tariffs on china. >> take effect. >> even there, though. >> the losses. >> are pretty modest in the composite. that takes. us to our talk of the tape. >> just how vulnerable or. >> insulate

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

i'm mike santoli in for scott wapner. >> today this make. >> or. >> break hour begins. >> with stockses. rallying hard from a. >> sharp early. >> spill as. initial fears of immediate. >> tariffs on canada. mexico and china. >> imposed by. >> president trump were eased. somewhat by a ttave. agreement to delay. the mexico. >> action by 30 days and a plan. for talks. >> with canada. >> this hour. >> here is the scorecard. >> with 60. >> minutes left in regulation. the s&p 500 up. >> more than 1%. >> from the morning lows, now down just 4/10 of

i'm becky quick along with mike santoli and steve liesman joe. >> and andrew are. >> both out today.e both of you. >> thank you. good to be here. >> with you. >> let's take a look at what's. >> been happening with. >> the u.s. equity futures at this hour. >> you're going to see. >> there are red arrows. indicating to the open, at least. >> at this point, with. >> the dow indicated. >> off by about 85 points. >> s&p futures. >> off by seven. the nasdaq down by eight. this comes after declines across the. >> board for all of. t

cnbc senior markets commentator mike santoli here to break down these crucial moments of the tradingn on beauty stocks taking a hit this week. and steve kovach on the rally in take two shares. we'll get to all that in a minute. mike you first. we're ending with a whimper. we are. we're going to look ahead to some inflation data next week. and who knows what else. but we have to be on the mend on the mind for tariff headlines. >> yeah it's fascinating week. so the low is you know one hour into trading on monday when we got a little bit of relief on what we versus what we expected on the tariff front. you have a basically a 3% rally going into this morning. bumped 6100 on the s&p again. we did that the first two months ago. have not been able to really close above it, but a couple of times. so that sort of acting as a little bit of a ceiling. and that was right before you were talking about it. the inflation expectations number plus this idea of reciprocal tariffs, i think everybody knows these are not the massive swing factors for whether it's going to be a decent economy a good year.

. >> along with mike santoli. >> and robert. >> frank joe and andrew are. >> off today.en welcome. >> good to be here. >> good to be here. looking good in the suits. >> across the board here. >> let's take a look at what's. >> happening with the us equity futures. >> at this hour. >> you'll see right now. >> there are some. >> declines at this point. >> dow futures off by. >> about 80 points. >> s&p futures. >> down by just over. 30 points. the nasdaq down by. close to 200 points. this does come after the markets. all three major averages. >> saw their first positive session in. >> the last three. we'll continue to watch and see what's happening with some of these things, but obviously some of the pressures that we've seen with these technology shares overnight adding pressure, especially to the nasdaq. >> alphabet for sure. amd as well. and so yeah, a little bit of a setback. you know we actually did a round

when the closing bell markets on cnbc, senior markets commentator mike santoli here to break down theseing perhaps in the energy space and hims and hers tracking for its best week since 2021. brennan gomez has those details. mike, i'll turn to you as we close out the week. we'll see if we can get this closing high on the s&p. wrap it all up for us. >> kind of gently hovering near these highs. in fact it's about a 30% below average volume today. trading it seems like it's the market this week was like this overstimulated toddler right. too much news, too much noise, too much new data to assimilate. and we kind of figured it all out. net net. not that big a change in inflation expectations. the growth profile treasury yields. and so we can hold these levels. i mean we've got the nasdaq composite back above 20,000. if you remember the peak there is back in mid december. so i think it's a net positive for holding these levels. it's a very low momentum market. there's a lot of momentum within the market as a whole. it's not doing a heck of a lot. we got a little bit more challenging seasonal

let's get to mike santoli. totally nonpartisan at all times. . >> well we got a little bit of a bump in the futures. it's been a fun pattern the last few weeks. down each friday. and then the trading low for the following week was sometime on monday. so it was kind of a buy the dip monday. maybe we got that overnight last night because futures did end lower. i have the s&p 500 here along with the 50 day moving average to show a really kind of calm and steady index level trend. right here you have the 50 day average kind of flattening out but still pointed higher. it's still in an uptrend, but only about 60% of the stocks inside the s&p are in their own kind of technical uptrend. so it's obviously kind of firing on some cylinders certainly just enough to keep us above 6000. take a look at a couple of kind of economic bellwether areas that were really strong in the first year and a half or so, almost two years of this bull market, semiconductors and homebuilders that really have faltered. so it's kind of in its way impressive. the s&p 500 has hung

for more on the markets let's get to mike santoli at the nyse. >> yeah joe i mean look this market is just incredibly well behaved if you want to call it that. in balance. look at the s&p 500 kind of taking in all of these sort of policy hints and you know all the sort of volatility and maybe what's going to going to come on that front and staying pretty steady. we've gone above 6100 a few times each of the last three fridays. never held above there. so kind of bumping up around that level. you're doing it with fewer very large stocks propelling us to the upside. take a look here at the s&p 500 excluding the magnificent seven. yeah there's an etf for that. which year to date is handily beating the s&p 500 itself. so obviously been weighed down by things like tesla. and microsoft hasn't really done much. and so this broadening of the market away from those mega-cap tech stocks everyone's been calling for, it's sort of happening. it's a little bit below the surface. i've been skeptical that it can happen kind of on the fly. with the overall uptrend

our senior markets commentator mike santoli is here with the setup. jim's point last hour about how we're having to get reconditioned to the pace of news like we were post 2016. yeah i think that's been part of the process in the last few weeks, is essentially to know what to extrapolate what not to, how to perhaps kind of take a step back and not react to anything that's not yet substantive and firm. so i think that's part of what's what's been keeping the market in check in a sense. so we keep feeding off of very positive set of initial conditions, right. the economy growing well coming into the year. earnings are up, you know as the usual 77% of companies beating estimates. and we're beating by seven percentage points. so you've kind of justified the valuations on that level. and the market just continues to rotate around whenever it looks like there's one area that's going to kind of compromise the strength of everything else. something else offsets it. now i don't know that that could last forever. what's fascinating yesterday it was a sort of a

i think we are steve liesman and mike santoli. thank you guys both for being here. we'll see you right back here tomorrow. right now it's time for squawk on the street. >> good tuesday morning. >> welcome to. >> squawk on the street i'm carl quintanilla. >> with jim cramer david faber. >> at post nine. >> of the new york stock exchange. >> futures are mixed. >> yields up as. china retaliates a. >> little with tariffs on american oil, coal, nat gas. some ag. >> equipment earnings get more attention today with. >> some lower guidance. and firms like merck. >> and pepsi. our roadmap begins with the trade. tit for. tat china does hit back with tariffs on the us. including targeting energy and google plus. >> we're keeping an. >> eye on shares of palantir. >> why? >> well they are. >> surging after the company. >> posted a strong. >> outlook on what. >> it. >> calls untamed ai demand. >> its ceo. >> expecting a company windfall. >> from elon musk's. government cost cutting efforts. >> and there are. >> also any number. >> of other. >> corporate earnings. >> that we'll tr

i'm carl quintanilla with mike santoli here at post nine to the new york stock exchange today.it of a gut check on some of the street's high fliers. walmart with a big move lower on the back of earnings. palantir is down 20% over two days. spooked with this talk of defense budget cuts and some insider selling. we'll break it down all this hour. plus, with the s&p coming off all time highs, some investors are looking elsewhere for opportunity. goldman lays out the bull case for small caps and international equities this hour. and then the largest office to residential conversion in the us. the ceo of ge real estate on the company's latest project in new york city. meantime we are in the midst of a bit of a sell off. dow's down 1% plus close to the lows of the session. we've been holding the high 6000 here jim. jim. mike. just below 6100. but after a couple of days of all time highs. yes it's been a very like

welcome to squawk on the street i'm carl quintanilla sara eisen, mike santoli at post nine of the new york stock exchange cramer and faber have the morning off futures a bit red ten year back above four and a half as the president signs those tariffs on steel and aluminum. and the eu pledges retaliation. powell's on the hill. they'll likely be a lot of questions about all of that. our road map begins with elon musk, though, escalating his feud with sam altman and openai, making this $97 billion bid for control of the company. we've got the latest. >> plus. >> coca-cola, the biggest gainer on the dow this morning, easily topping earnings estimates. >> on. >> strong global demand. >> the company's chairman and ceo, james quincey, will join us to discuss next hour. also, shares. >> of shopify shares are moving higher. >> in the. >> premarket despite a. >> weaker outlook. >> we're going to discuss the quarter with. >> shopify's president. harley finkelstein. it was. >> a pretty good quarter across. >> the board. >> let's begin, though, with the president's 25% tariffs on steel and aluminu

talking to mike santoli. expected to announce new tariffs meantime on all steel and aluminum imports into the us. names like cleveland-cliffs u.s. steel alcoa and nucor. moving higher on that news. let's get to eamon javers this morning with the latest from washington. good morning eamon. >> yeah good morning carl. we don't know exactly when we're going to see the president issue these new tariffs today. there is an event here at 1:00 this afternoon in the oval office where we might see the president on camera actually issuing these tariffs. we'll keep an eye on that. here's what the president said yesterday about what he's exactly going to do today. >> we'll also be announcing steel tariffs on monday. tomorrow monday. yeah. tomorrow. what happens with those. go on everybody. steel if you think that makes any steel coming into the united states is going to have a 25% tariff for aluminum to. >> meanwhile kevin hassett, the national economic council director, was on cnbc a couple of hours ago. guys, you know, t

. >> let's get over to mike santoli. he's standing by at the nyse. ntial implication of these tariffs. >> yeah for sure becky. >> so some sharp somewhat predictable. but at this. >> point you might. >> say measured. >> moves at. >> the index. >> level at. >> least so far. in fact a little. >> bit less. >> dramatic than it was last night. so it's looking like. >> in. >> the. s&p 500. >> index fund down about. >> a percent and a. >> half to start. >> where that would put it is a level. >> that the s&p was at about a couple of. >> weeks ago. we actually. >> spent a. >> lot of time around that, you know, 59, 50 area. that's the index equivalent there. >> and you can just. >> sort of, you know, draw the. >> shelf there. >> we've been. >> chopping around. >> this area. >> the unanswered. >> questions include, what's. >> the treasury yield response going to. >> be over time, whether in fact. >> those somewhat defensive seeming. >> you know, big growth companies in the nasdaq maybe catch a bid that would mitigate the index effect. or is. >> it going. to be an

maybe more importantly, 440 on the ten year 444 right now let's get to mike santoli at the new york stocku back. yeah the market just kind of hanging on to. >> that january gain actually. >> on the s&p 500 building this week. >> slightly on. >> that almost. >> entirely due. >> to the rebounding nvidia meta. >> palantir a. handful of the. >> big kind of well loved names. >> on the whole. >> though you. mentioned treasury yields. >> they've come down below that four and one half on the ten year bond market. seems a little bit sensitive to a stutter step in. >> the economic data. >> we'll see. >> how the. >> jobs number. >> fits into that. >> but broadly. speaking we've. >> sort of been. >> around this you know plus and. -6000 level for quite a while since. >> the day after. >> the election. it's basically. >> 3% up. >> 3% down has. >> been the range. >> as we. >> wait and see, some of this. policy implications. >> here is discretionary relative to staples. >> i mean, you really. >> have no big market based concern about the state of us consumers. if you look at this. >> chart. >> it's been,

and want to get straight over to mike santoli, who is down at the new york stock exchange. the dow since it's price weighted. it's the second highest priced stock. so that is the downside influence there. otherwise s&p 500 kind of holding in there. we had an intraday recovery partial recovery yesterday down almost 1% early on. you had a real unwind in some of the high momentum parts of this market as well as of course that pullback in walmart after subdued outlook also had a bit of a rethink on some of the consumer. cyclical stocks in the end didn't really amount to a whole lot of downside. in fact we settled very close to the former all time highs from a few weeks ago before we got just the prior couple of days. so what you really see is this market has been kind of trying to get over what had been that ceiling from back in december, going sideways, digesting a lot of the froth, very selective and split market under the surface. it's not been a very emphatic run to a new high, but it is resilient relative to a lot of things that are bombarding this market. take a look at th

mike santoli a post nine of the new york stock exchange. pretty steady s&p on track for a positive week but yields a bit lower here as we get the worst drop in monthly retail sales in nearly two years. ten years back below

welcome to squawk on the street i'm carl quintanilla sara eisen, mike santoli at post nine of the newr have the morning off futures a bit red ten year back above four and a half as the president signs those tariffs on steel and aluminum. and the eu pledges retaliation. powell's on the hill. they'll likely be a lot of questions about all of that. our road map begins with elon musk, though, escalating his feud with sam altman and openai, making this $97 billion bid

mike santoli here at post nine of the new york stock exchange cramer and faber have the morning off.prospect of retaliatory tariffs from the white house today. yields a little bit lower across the curve. a lot of february quarter earnings movers including cisco up six. >> a roadmap. >> though is going to. >> begin with. >> deleted elon musk calling for the u.s. to, quote, delete entire federal agencies comparing them to weeds. >> plusar

nasdaq up about 93 points i want to get down to the new york stock exchange where our good friend mike santolid of 1% upside indicated in the s&p. 500 is going to be enough. >> to get. >> us. to a. >> new record high. >> we close. >> just on the doorstep of a closing high. >> on friday. >> it's been this. >> sort. of quiet. >> churn, mostly. sideways with a slight upside bias. >> for a. >> few. months here. >> we basically. >> touched 6100. >> on the s&p on. >> an intraday. >> basis on. >> december 6th. >> and you. >> can kind of. >> see this was, you. >> know. >> maybe the. >> the ceiling. >> for a little while. we've visited. >> a few times. low momentum. >> it's not. >> like a. >> broadly inclusive. >> high energy move higher. >> but no. >> news has been good news when it's come. to things like tariff news. and it. seems like. >> we're in for. >> at this. >> point anyway. >> a little bit of a. quiet session. >> and maybe. >> even week. not that much macro data, so we'll see if the market can make any hay with that. >> take a look. >> though. >> at maybe. >> a. >> little bit. >> of a. >> sur