and our allies now morgan brennan is in washington with the secretary of the navy morgan >> reporter: kelly, thank you so much, and yes, i am joined by the secretary of the u.s. navy thank you so much for joining us today. >> thank you for having me here today and to all our viewers on "the exchange" this afternoon. >> reporter: i want to start with russia/ukraine and the events unfolding realtime. this is largely seen as a land based conflict as it currently exists how is the navy supporting the region >> we have the harry s. truman with the battle group and additional vessels deployed to the mediterranean to prevent the worst from happening and to keep an eye on the russian fleet and everything else that's going on in addition to what's happening on the ground as well. >> reporter: from your vantage point, how would you assess the situation? >> it's tragic it's concerning. the invasion of ukraine is a violation of human rights. it's a violation of ukrainian people and the suffering that putin has put them under is really significant and as a cuban refugee myself who left a communist

ukraine-russia war sending defense names up double digits m mil military brass meet up in washington morgan brennani'm here in d.c. at the conference joining me is general brown, the chief of staff of u.s. air force thank you. >> pleasure to be with you today. >> i need to start with what w are seeing in terms of the ukraine-russia conflict. >> what we focus on is the partner in nato and how quickly to come together how the airmen and the air power of the united states air force comes together to work to fortify nato and also to deter aggression that would expand is nato we pay attention to what's going on and the aspects to support the deterrence in the region and my heart goes out to the people of ukraine you don't want to see any country or citizens being putt in that particular situation but the key part is the collaboration that happens between our various nations and this is not something that happens overnight but takes years of work together and this is not something that happens overnight. takes years of work together for times just like this many countries come together, national communit

morgan brennan has the morning off.d jobs number and a decent wage print. we are off the initial lows of the morning. dow down 283 we'll start with russia and ukraine. eamon javers is back with the latest >> good morning, carl. in the last hour nato secretary general jen stolting berg says the military alliance is not planning to put boots on the ground or airplanes in the sky in ukraine despite the situation we've seen unfolding there here's what he said. >> at the same time we have a responsibility as nato allies to prevent this war from escalating beyond ukraine because that will be even more dangerous, more devastating, and will cause even more human suffering we are not going to move into ukraine, neither on the ground or in the ukrainian air space. >> reporter: those comments coming despite the apocalyptic pictures we saw out of ukraine last night russian forces attacking and shelling europe's largest nuclear plant in ukraine, the video showed what appeared to be tracer fire as round after round impacted buildings

nature of the response depends on the nature of the use in other words, a calibrated response morgan brennan has a check on the markets hi. >> that's right. tech stocks, tells leading the equity indexes higher. dow up 246 the s&p hovering just below 4500 right now. up about 1%. the yield on the 10-year higher to 2.34% though not as high as the levels hit yesterday oil prices pulling bag in amp trading perhaps giving a lift to the equity market. president biden speaking moments ago in brussels. kayla tausche is there with the headlines. hi, kayla. >> reporter: hi, morgan. president biden rearranging the schedule slightly running a bit behind and moving the press conference on the way and took a moment to tout the deliverables that allies announced so far a billion dollars in new aid from the u.s a coordinated sanctions to ban russian central bank from transact in gold and prop up the euro additional sanctions from the u.s. on russia's law-making body and several elites in russia to align with what europe is doing. president biden earlier said the response by nato has been the opposite of what

apple's future financial services and we'll watch the fang fall 1% first up, a huge update with morgan brennang at this hour. president biden has ordered the release of a million barrels of oil per day from america's strategic reserves it will last six months. this is in an effort to help curb soaring gas prices. west texas intermediate is now down about 4%. >>> the inflation gauge that's closely watched by the federal reserve has hit a fresh 40-year high the pce index jumped 6.4% over the last year. spending edged up just 0.2% as food and gas prices continue to surge. jobless claims edged up in the week they're still near 52-year lows though continuing claims continuing their fall now the lowest level since december of 1969. >>> and walgreens boots alliance sinking. paying attention to strong quarterly profits, instead focusing on full year guidance the cautious forecast is due to investments in its walgreens health unit. jo jon, back to you. >> morgan, thanks. >>> you might use apple pay and apple card, but could payments soon be joining apple's fintech portfolio? a bloomberg report is looki

welcome to "squawk on the street" i'm carl quintanilla with david and morgan brennan.im cramer has the morning off day 12 of the russia invasion of ukraine. futures are off the morning lows as the german chancellor knocks down the possibility of a ban on russian energy and the market looks for some potential off ramps as a third round of talks begins in belarus. >>> oil pulled back, still near 13-year highs as the u.s. and european allies explore banning imports of russian oil. >>> plus, the russia exposure for so many u.s.-based companies trying to figure out what to do, including those that have a lot of differing units there, like mcdonald's, starbucks, yum and others facing those growing pressures to suspend operations. >>> and shares of bed, bath and beyond surging chewy founder ryan cohen taking a big stake in calling for changes. we're seeing a big move in that stock this morning carl >>> guys, we'll start with the markets and develops around russia and ukraine another weekend of very difficult headlines, david as far as energy goes, we did get to 130 we are exp

cnbc's morgan brennan covers space for us hi, morgan >> reporter: that's right, shep.o, we actually just got sunset on the florida east coast. but for the first time the world's most powerful rocket, the space launch system, is rolling out to the launchpad right now. it is marking a milestone in american's effort to return to the moon it's the sls it has been more than a decade in the making. it's nasa's rocket built by boeing after congress commissioned it to fill the void of the retiring space shuttle. it has been repurposed several times, it has faced years of delays, cost overruns, but now is set to finally fly. it's the vehicle that will eventually launch astronauts to the moon under the artemis program. it stands 322 feet tall. it is taller than the statue of liberty. and the sls is moving at a snail's pace you can see it there in that shot it's called the crawler and it's inching across kennedy space center at speeds ranging from .1 to .8 miles per hour this is an arduous journey it's expected to take 11 hours the lockheed martin-made orion capsule that will car

here's cnbc's morgan brennan >> reporter: since its invasion of ukraine began, russia has fired more than 1,000 missiles, a war of projectiles that has experts concerned. >> what you're seeing here with ukraine and with the conversations about china and taiwan, what you're seeing is a recognition that we really do need to adapt our missile defense posture and so as we think about the realignment of a national defense strategy of the past five years or so to great power competition, hypersonic missiles at the center. >> reporter: traveling five times the speed of sound, next generation vehicles highly moveable and potentially able to avoid radar systems. russia and china already have them but the u.s. which first worked on the technology decades ago before funding was pulled is behind. >> we're working on hypersonics have a number of programs. it's important to remember china and the united states don't have the same military problem, they've been focusing on hypersonics because of the targets we present to them, they present different than us so our weapons won't be the same as their

according to new data, it may be julia is going to break that down in a moment >>> first, morgan brennan>> hi, jon mod moderna's stock price is getting a 3% boost as the fda authorizes an additional covid booster for vulnerable people. people aged 50 and older, along with people 12 and older who are immunocompromised can get a fourth moderna or pfizer shot. pfizer shares are also up, but the gain is more modest for that name up about 1%. >>> shares of lhc group are up almost 6%, meantime. united health has a deal to buy the in-home health and hospice care provider for $5.4 billion in cash. approval is still needed from regulators and lhc shareholders. >>> the sharp increases we've been seeing for house prices, well, those accelerated in january. widely followed index shows a national gain of 19.2% year-over-year that is slightly higher from december's increase. a spike of almost 33% leads the nation a hot growth rate for a hot climate. back to you. >> thanks, morgan. >>> last quarter, slowing subscriber growth at netflix sent the streaker stocks tumbling things could get worse for netfli

nature of the response depends on the nature of the use in other words, a calibrated response morgan brennanheck on the markets hi. >> that's right. tech stocks, tells leading the equity

space it's always a different story the two countries set aside their differences on the iss morgan brennanned on the journey home hi, morgan >> hi, shep. that's right so the journey home does begin tonight when the hatch closes on the russian soyuz cruise ship at 11:30 eastern, marking the end of expedition 66 mission at the international space station. american astronaut mike va vande hei and two cosmonauts will make a parachute-assisted landing tomorrow morning in kazakhstan it is a significant mission not only given the geopolitical climate, but because vande hei who holds the record for longest space flight he has spent 355 days in space, spanning 5,680 orbits in pace when the war in ukraine started and we heard an american astronaut was going to hitch a ride, it got a lot of attention, shep. >> it sure did but it seems that up there, nobody involved is really worried, right >> so shep, there doesn't appear to be any concern. at least not from nasa administrator bill nelson, who just yesterday confirmed the agency's commitment to the space station through 2030 >> the safety of our astr

satellites for a company unless it gets a guarantee it will not use them for military missions morgan brennaneurope could be moving to the final frontier >> satellites are crucial to daily life for billions of people >> we probably have a trillion dollars worth of assets in space at any given time. those satellites support our economy, sat leads support the synchronization of our banking system, our navigation, how we understand the world >> in times of war, can become an enemy target. >> the united states, our allies, and our commercial companies are using space based capabilities to help provide intelligence and surveillance support to the ukrainian military russia, of course, recognizes that and the risk here is that russia possesses the full suite of counterspace weapons and technologies >> using technology to jam critical gps signals or ground based lasers to dazzle or blind satellite imaging centers. most drastically, missiles shot from earth with the intent to destroy, a capability demonstrated just last november when russia blew up one of it own satellites already, there are potential

i'm david faber with morgan brennan and mike santoli carl has the day off a look at markets. h on of course what has been a nice rally these last couple of days. morgan >> yes 30 minutes into the trading session. here are three big movers we are watching this morning. we start with dollar general quarterly results in line with estimates. stock getting a boost after the company forecasted better than expected full year sales up almost 2% now plus, wash by parker under pressure after revenue fell short of consensus now losing more than half its value since going public last september. down about 2% now. and we are watching netflix. planning to test a new fee for account holders who want to share their service with people who live outside their households that name is up almost 2% now. it is down around 40% though so far year to date mike >> thanks. the federal reserve approving the first interest rate hike in more than three years with six more potentially still ahead steve liesman has the latest on the morning after. steve. >> yeah, the fed hiking rates and offering a hawkish o

i'm david faber with morgan brennan and mike santoli markets are up across the board and quite nicely dow goes positive. we're 30 minutes in the trading session and here are the big movers starbucks, making staff changes shares are up 7% and the ceo kevin johnson will retire on april 4th and howard schultz will return to the helm on an interim basis. we'll have more later this hour. plus the sharp rebound in chinese tech stocks. that is helped by reporters and commentary out of china that the u.s. and china are progressing toward an agreement on regulatory requirements for those companies. the china internet wtf on base for the best day after jd.com andal yu babu and baidu almost 20% we'll end with spotify signing a big sponsorship deal with fc barcelona and an agreement that see the team bear the logo for the next four years and for the first time ever include naming rights for the stadium. those shares are also up 5.5%. but they are still down about 45% year-to-date david. >> last hour volodymyr zelenskyy delivered a speech to congress asking for more financial and military assistan

i'm carl quintanilla with morgan brennan and david faber. we are awaiting the president this hour.announce a ba on russian energy exports, and the wires say the uk will follow suit eco data is out. rick santelli has the details. >> the final read remains up 0.8 of 1%. to put a face on it, this past october it was up 2.5%, which underscores inventory building is a huge dynamic that's been underway it's ambassadorsed fourth quarter gdp we need to pay close attention. as for trade, wholesale trade sales up 4%. this is four times what we expected, and in the rear-view mirror, four times on a revision from 0.2 up to 0.8 this is a strongest number since march, when it was up 4.3. the high watermark for this -- that's the high water mark sits '92. just think, 35 hours ago we were at 1.66% in the ten-year, we're now up 20 basis points and never use percentages. bund yields went from minus 0.1 basis points to where they're currently trading up 11 basis points, what's that, a gauge of 1200%? morgan, back to you. >> volatility everywhere thank you. we are 30 minutes into the trading session.

morgan brennan is live in washington, d.c. got another failed round of diplomacy., down 166 and holding on close to the neighborhood of 4250 morgan. >> 30 minutes into the trading session. herer three big movers this morning. crowdstrike shares soaring after the company topped estimate and issued an upbeat forecast as cybersecurity demand grow the. you can see shares up 13.5% now. mega-cap amazon also in the green after announcing a 20 for 1 stock split. also a $10 billion share buyback plan first stock split since 1999 we will have more how that could help the stock later this hour you can see the amazon shares are up 5.5%. finally, keep an eye on ge today. investors day gets underway reaffirming 2022 guidance, setting multi-year targets by segment, reiterating the forecast for $7 billion plus in free cash flow next year i'll be talking to ceo larry culp on "the halftime report" later today. you don't want to miss that. it starts at 12:00 p.m. eastern. david. >> okay. in the time russia and ukraine failing to reach a ceasefire deal after stalled talks between the

carl quintanilla, morgan brennan, david is on assignment. final day of q1. got earnings, plenty of eco data and watching the white house, morgan on this expected record release of oil from the spr. >> another big day for energy. we are 30 minutes into the trading session. here are three big movers we are watching walgreens, beating q2 forecasts comparable pharmacy sales 7%, helped by demand for covid vaccines still the shares are down 5.5% right now. we will have more on that later in the hour. >>> plus, under pressure after the fcc added the company to the u.s. traded chinese stocks that could be delisted. shares down 7% now if the companies don't allow american regulators to review three years worth of financial audits we will see how that goes. and chip giant smd getting downgraded to equal weight, pointing to cyclical risk in every send marks for amd and shares are also down 5.5%. carl. >> morgan, another big mover as you said is oil. the president reportedly considering huge reserve releases our brian sullivan joins us with now talk about what tit may m

." >> i'm david faber with morgan brennan and mike santoli let's give you a look at the markets as theys&p still up ever so slightly the nasdaq falling deeper into negative territory >> 30 minutes into the trading session and here are three big movers that we are watching this morning. chevron falling after morgan stanley downgrades the oil major to equal weight. the analysts make the call saying valuation has run up. shares of chevron are down about 2.5% right now but still up more than 40% in 2022 so far. chinese names still on the ropes meantime alibaba a six-year low falling with the hesrest of chinese teca a spike in covid cases is leading to lockdowns broader geopolitical risks so jpmorgan downgrading to underweight there. we will have that and the other names in the sector later this hour shares down 9% finally, lockheed martin is on the move as well we've seen a lot from the defense contractors as of late shares up 1.5% right now reuters reported germany plans to buy up to 35 -35 fighter jets to replace the country's aging tornado aircraft after germany pledged a few weeks ago t

i'm carl with morgan brennan david faber has the morning off. will make the fed headlines fly fast and furious already a bunch from bostick today and the fed chair later this afternoon dow is down 100. >> here are three big movers specifically that we are watching berkshire hathaway buying allegheny for $11.6 billion in cash they will operate as an independent subsidiary of berkshire. both are higher. berkshire 1.5% and allegheny up 25%. pe firm toma bravo $10.7 billion or $66 per share in cash those shares are jumping 27.5% 6454 and boeing finally those shares under pressure after a boeing 737 jet crashed in the mountains of southern china with 132 people onboard. phil lebeau has the latest for us. >> investigators are going to try to find the cockpit voice recorder and flight data recorder that's the priority as they go to the scene it does not look like there is any survivors. this plane was in a rapid descent whether it crashed into a mountain in southeast china. and already analysts are saying, what are the implications for this in terms of

i'm carl quintanilla with morgan brennan, david faber has the morning off.is wave of news coming out of brussels and the nato meeting more russian sanctions, halting russian gold transactions, more humanitarian aid the u.s. taking in refugees. moderate chop this morning as we tread south of 4,500. >> here are three big movers we are watching starting with darden restaurants missing on earnings with revenue and comp store sales below analysts forecast. the olive garden parents saying that omicron variant significantly impacted demand. shares are up a little bit right now, up about half a percent and shares soaring after announcing it began production of the first battery electric semi-truck more late they are hour. up about 11% and uber shares getting a boost, too. reaching an agreement to list all new york city taxis on its app. the companies first citywide partnership in the u.s shares of uber up 4% this was like unthinkable a couple years ago, karm it's interesting >> fascinating nice turnaround from the early morning action on uber. >>> as we said earlier

." >> i'm carl quintanilla with morgan brennan and david faber bulls are trying to rick's point to takelines regarding the latest round of ceasefire talks s&p highest since mid-january and i will to is trying to dip below 100. opec plus coming up on thursday, morgan. >> yes meantime, 30 minutes into the trading session. three big movers that we are watching fedex announcing that founder fred smith is stepping down from the ceo post june 1st. he will be replaced by the current president and coo. we are going to have a lot more thoenz leadership changes a little bit later this hour shares are up 4% now nielsen holdings, those shares are also surging agreeing to be acquired by a private equity consortium for $28 per share the deal with worth 16 billion, including assumed debt shares up 21%. and the world's largest company, apple. aiming for the 11th straight day of gains this will be the longest winning streak for the mega-cap stock since 2003 shares up 1% carl. >> meantime, turning to russia and ukraine, as we said holding another round of ceasefire talks today. kayla has the latest good

i'm carl quintanilla with morgan brennan and david faber. week of data ahead, jobs number friday, the shanghai lockdown and hopes perhaps for a fresh round of ceasefire talks. >> we are 30 minutes into the trading session. three big movers, apple. a new report by japan's nikkei saying they are cutting their planned iphone se output 20% next quarter citing weaker than expected demand. shares down fractionally now coinbase closing in on a deal to buy 2 tm which controls latin america's biggest exchange the parent of mercado bitcoin, those coinbase shares are rallying on the news of 6.5% finally, foot locker sliding after getting down dpraded to market perform from outperforming cowan. the firm saying despite an inexpensive valuation, they may be underestimating impact of inflation. down 4.5, 5% now, down 30% year to date. carl. >> one name going green so far this morning is tesla. the company says it wants to split the stock to pay a stock dividend to shareholders and suspending production at shanghai gigafactory as they go into lockdown over

another hour on "squawk on the street," i'm carl quintanilla, with morgan brennan.join us with the chairman and ceo of exxonmobil, darren woods the markets trying to hold 4,400. a two week high, a new round of talks between the russians and ukrainians ism services out a couple moments ago. for that we turn to rsteve ricchetti. >> data at the top of the hour ism services a february number, 56.5 this is a big miss we were expecting a number more towards 61 this is the weakest service sector ism since february of last year. 55.9 if you look at factory orders, factory orders are at 1.4%, double expectations. if you strip out energy, it moves down just a bit to up 1% durable good orders january final. so we replace 1.6 with 1.6 if. if you look at ex-transportation, remains the same, up 0.7 capital goods order non-defense ex-aircraft a proxy for capital spending actually improved from 0.9 to 1% and 1% is a solid number haven't been at that level, that's the best level since september of last year finally, if we look to shipments versus orders, up 1.9% exactly the same as

welcome to "squawk on the street" i'm carl quintanilla with david and morgan brennan.res are off the morning lows as the german chancellor knocks down the possibility of a ban on russian energy and the market looks for some potential off ramps as a third round of talks begins in belarus. >>> oil pulled back, still near 13-year highs as the u.s. and european allies explore bannin