dow's up 40, nasdaq is up over 2%.deed, the fed did raise interest rates 25 basis points yesterday. good morning, lauren. what did powell have to say about the state of the economy? lauren: inflation is coming down, good thing. bad thing, still has a long way to go. he doesn't see the fed cutting rates, but investors don't believe him. stocks rallied yesterday, and they're rallyingen again this morning. and then he said something that not a lot of people are talking about. he said the fed is no longer making their inflation calls based on covid. >> we understand, i personally understand well that covid is still out there, that it's no longer playing an important role in our economy, and people are handling it better, and the economy and the society are handling it better now. it doesn't really need to be, you know, in the fed's monthly or, you know, post-meeting statement as an ongoing economic risk as opposed to, you know, a health issue. lauren: china reopened, and he kind of had to change the language a little bit.

last week, you claimed ark is the new nasdaq, saying innovation is no longer present in the nasdaq index? is it because the stocks that you're looking at don't qualify for nasdaq? where is your edge here? >> you know, it is interesting when we watch the nasdaq depart from our performance we said what the heck? i don't pay too much attention to indexes honestly. they're very much about the past. what has been successful historically. our portfolios are all about the future. where is the world going? so we took a look at what is inside of the nasdaq since it is supposed to represent innovation. what we found were "faangs," microsoft, nvidia, a lot of same stocks, look like a of large cap portfolios, index centric out there. when we looked at the rest of it -- that accounted for about half and we don't those exempt for tesla, that is one we have in common. when we looked the other half, nasdaq 100, only we could get back to data from 2000. we saw wait a minute, energy, brick-and-mortar retail, utilities. charles: right. >> what the heck is this? this is not what the nasdaq used to represent

nasdaq down a bit more nasdaq futures down 92 points. dow afternoon 38 the dow is set to cap the second down week in a row s&p 500 is set to snap a two-week win streak with a more than 1% drop so far this week, things could change today and nasdaq is about to break a five-week win streak keep in mind if we have a down week, the index is still nicely up so far on the year. in the bond market, yields are rising 10-year treasury at 3.7% we have a sharper move higher in oil this morning and news. russia saying it plans to cut its march oil production by 500,000 barrels a day. that is in protest to the recent price cap on refined products. remember, the new embargo on refined products went into effect on february 5th this is the oil price cap and this is a different one. the third of the row of sanctions and with that, the price of crude oil is $79.99 russia cuts march production we see where they go from there. a rough week for cryptocurrency. bitcoin below $22,000. sharp declines yesterday names like coinbase, marathon digital and micro str

nasdaq 58 points

just zooming on the nasdaq up 2.8%. a lot of that is meta.zon and apple all working those numbers after the bell the s&p 500 now pushing higher up 1.25% and the dow erasing declines, down 84 points an hour away from those apple numbers. highly anticipated coming up, an analyst with a buy rating weighs in on the key number he is looking for you can listen to "closing bell" on the guy by following the podcast on your favorite podcast app. down 86 points on the dow. you ok, man? the internet is telling me a million different ways i should be trading. look! what's up my trade dogs? you should be listening to me. you want to be rich like me? you want to trust me on this one. [inaudible] wow! yeah! it's time to take control of your investing education. cut through the noise with best-in-class education resources that match your preferred style of learning. learn your way. not theirs. td ameritrade. where smart investors get smarter℠. this tiny payment thing- learn your way. not theirs. is a giant pain! hi ladies! alex from u.s. bank! can she help?

the nasdaq is slipknot a weakness. the biggest nasdaq ladders, losers, and 6.5%. you've got airbnb lower by 8.5%. jd.com down 6%, doc you sign losing 5% and nvidia down 5%. those losses pale in comparison to lift's dramatic, 35% decline. 35%. the selloff cutting shares by one third, the move triggered by lift's better-than-expected loss and week revenue guidance. it falls off a cliff here. expedia is under pressure, falling 9. 4% after a quarterly report came short of analyst expectations. gross bookings were up 17%. the company says travel demand has been hit by harsh weather. you've got expedia looking pretty unattractive at the moment. let's go to the treasury, ongoing significant story, two years slipping after its highest level since late november but we haven't up 2.2 basis points, the 10 year, that number of 3.78%, the highest since january 3rd. oil is a bright spot on the session, searching by 2% on plans by russia to cut oil output by 5%. that he wills 500 barrels a day, as today's sector winners. investors are cautious, ahead of tuesday, january's cpi re

i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq second date, wish me luck buddy. mouth to mission control. we have a denture problem. over. roger that. with polident cleanser and polident adhesive refresh and secure for any close encounter. if your mouth could talk it would ask for polident and poligrip. plates. plates. plates. when you add price drop protection, expedia pays you back if your flight becomes cheaper. so when you go searching for all the best plates, you'll always know, you found a good deal. >> i'm a capitalist but pay your fair share big oil reported its profit record profit, last year they made $200 billion in the midst of a global energy crisis, if they had invested in the production to keep gas prices down, instead they used record prices to buy back their own stock that's why i propose we quadruple the tax on corporate stock buybacks and encourage long-term investments. >> president biden attacking public companies with his push

nasdaq down as well. this after a lower session for stocks on friday following the blowout jobs report and renewed concerns as the fed will look for more room to run to tamp down inflation the bond market now with the 10-year treasury benchmark 3.58 we are continuing to watch this. tech is a quarter to a third of the indices depending how you look at it and looking at energy. this morning, wti is in the red. down $73 a barrel this is about $5 lower than we started the year per barrel. brent is fractionally higher natural gas is at the lowest close since december of 2020 let's look at bitcoin and ethereum strong starts for the year bitcoin and ethereum up 35% year to date. this morning, bitcoin down below $24,000 mark which was key a couple days ago. ethereum is up .50%. >>> let's go around the world and the global economy with red arrows overnight in asia japan is the standout. europe is getting under way. mostly lower across the board. something we will continue to watch this morning >>> let's get into t

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and s&p, nasdaq up almost 10% in 2023, s&p 500 higher by 3 3/4% thanks to very strong january we are looking ahead to retail earnings this morning a sense of the consumer heard from target earlier this morning, as guidance was sharply below analysts' expectations, they beat on earnings, and sales, fourth quarter sales up stock higher now was lower earlier norwegian cruise lines missed on earnings per share beat revenue, hp, amc entertainment out later today, we will watch those after the close tonight european markets we have inflation data out, in spain, france, the inflation data, was better-than-expected the ft 100 this morning is down 32 cac quarante in paris up 18 dax in germany up 53 right now, asia overnight the most green across the board hong kong weak o spot all major indices fractionally moving hang seng down 3/4 of one percent the biden administration unwilling to opec the bear that is communist china responding to "the wall street journal" covid lab weak report saying despite energy department concluding covid likely leaked from wuhan lab no consensus how pandemic starte

you get yields to stop moving higher and, believe it or not, the nasdaq, which i'm not long, the nasdaq is what will have to take you higher. nasdaq challenge 200 inter day moving average it has to be the nasdaq. >> how, jenny, do you get yields to stop moving higher when bullard was on this morning on "squawk" saying he sees rates 5.735. citi saying three more hikes are coming two more hikes for certain and maybe optionality for the third. the street is coming around to the idea that march, may and june is going to be in play, unless something dramatic happens between now and then >> we need the passage of time we need to have earnings to revert, to get back to normal levels we need wage growth to stop spiking. at that point the fed can take their foot off the pedal the only way to get there is to let time pass. and, to joe's point, let things consolidate. i think that's where we are and we're stuck until that happens we need to get from here to nine months from here badly >> josh, does that sound like we're in sort of no man's land until we find out whether there will be a hike in jun

nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... week the record amount of money people will be shelling out betting on this week and super bowl insiders are expecting more than 50 million americans will bet $16 billion on the game more than doubles last year's estimate of 7.6 billion this is also the first super bowl to be played in the state would legalize sports betting so fans at the game and glendale arizona state farm stadium will place mobile bets during the game as well you can catch all the action on fox sunday night 6:30 p.m. eastern i will see you on the "sunday morning futures" on sunday. sunday money features like attending them and have exclusive interviews with jim banks former senior advisor to president trump, stephen miller and sideline reporter michelle, join us live that will do it for us for now, thank you for joining us have a great rest of the weekend i will see you again next time. ♪ hello and welcome to the "wall street journal at large"jo

the s&p and the nasdaq both lower. nasdaq down .75% and it is the only one higher of the top three.staples and utilities and health care and the defenses is leading and technology and energy are struggling today that is why the nasdaq is down small cap having a winning day and week take a look at door dash, giving up the post earnings pop and more during the session today. we'll tell you what is behind the reversal straight ahead. >>> and as we head to break, search the tickers 10-year yield on top, hovering around 3.8 and tesla higher, 2.3% and the two-year yield, very sensitive. higher today and draft kings up almost 14% and the s&p. we'll be right back. luxury exemplified. innovation electrified. with apple music seamlessly integrated. the all-new, all-electric eqs suv from mercedes-benz. see your dealer for exceptional offers on mercedes-benz electric vehicles. ♪♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. (vo) verizon has the epic new phon

lower as well nasdaq sellingoff one and two-thirds percent s&p down better than 1% big tech growth led the losses yesterday on wall street, european markets, look like this, you've got ft 100 up 58, cac quarante up 87, there was better better-than-expected inflation report in germany boosted stocks a firmer tone dax index up 190 inflation seem cooling in europe a, back in washington, lawmakers set to receive classifieds briefings today on china spy flight more than a week after it entered u.s. airspace, for a week, details all morning long this morning "mornings with maria" is live right now. . >> president biden meanwhile, doubling down on debunked claims republicans want to sunset social security, medicare the president yesterday in wisconsin. >> many of you seeing a spirited debate last night with my republicans -- they seem shocked. when i raised the plans of some of the members from their caucus to cut social security a lot of republicans their dream cut social security medicare it is your dream my veto pen will make it a nightmare. >> that is not true kevin mccarthy house of atmo

nasdaq up 361. is tech getting ahead of it self here? had last year. it is off to a rocket start to begin 2023. we still think they have room to run. you look how the blue-chips held up last year, barely down while nasdaq was down 20%, 30% some of the indices. we still think it has some room to rebound. we think we'll see further strength in the first half, maybe see some pullbacks as we get into the second half, start to see the what is going on with unemployment. right now it has been restricted to kind of the tech layoffs. we do think we'll see other unemployment pick up. there will be a little bit of concern as we get along. we think generally a pretty good year. liz: lamar, we shall watch it all as we do here on "the claman countdown". thank you so much for coming on. [closing bell rings] nasdaq short of out of bear territory. the biggest week since september of 2021. aa u.s. steel ceo david bird about his fourth quarter report. ♪. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. welcome to a new day a new show and our un

the nasdaq does something for the first time in more than 20 years. this could be a good time for the investors and the next 11 months, but it's not all free and clear as the chairman takes center stage and powell delivers your eighth straight rate hike today. it's not just the fed. things are not looking any better at tech land as snapchat deliver as third straight disappointing earnings report. that's ahead of the open plus, the worst is not over just yet for intel as it puts things on the chopping block to save a little bit of cash and snap is trying to fool the artificial intelligence it created. it's wednesday, february 1st, 2023 you're watching "worldwide exchange" right here on cnbc ♪ >>> and good morning i'm frank holland in for brian sullivan thanks for waking up with us right now stock futures in the red a bit right now, fractionally lower the dow looks like it could open about 100 points lower, the nasdaq and s&p 500 down a quarter of a third percent the s&p 500 rose more than 6% last month, its best january in four years, but it's even bet

the nasdaq popped 170. it popped 217 points but as powell talked markets began swinging lower as powell finished his chat but reversed course again, back in the green. which of his words moved the markets? investors piled into stocks as powell reiterated disinflationary process has begun a good sector, slowing down of inflation but the feds still has a long way to go and it could be a bumpy process. what could do that? not just the reference to the strong january jobs report meaning the economy is hot and rate hikes continue but powell's morning followed. >> we will react to the data. if we continue the strong labor market reports, higher inflation reports, it may be the case we have to raise it more than expected. liz: now the dow is up 200 points. the overall employment picture remains strong, layoffs in the tech world continue. you heard charles payne look at zoom, look at zoom chairs, a pop of 8%, they announced plans to lay off 1300 employees which equates to 15% of its workforce. zoom's ceo said he is

it shows the nasdaq composite versus the ten-year treasury yield since august 2020.fold the nasdaq is virtually flat it's up about 7% what gives how much do rates actually matter to stocks let's settle this once and for all and mike santoli, cnbc markets commentator. >> i would not say interest rates don't matter to stocks, lifting the hurdle rates for investors and for companies to decide exactly what projects are worth doing creates more friction, i think, in the overall system so, yes, higher yields matter for valuation and for investor targets of their capital i think what i object to and have for a while is this idea that there's a fixed, precise relationship between the level of yields and the level of stocks or particularly big growth stocks because i think that was last year, it seemed like all you needed to know, right? is that yields were going up and the nasdaq was going down and on a tactical basis and on the shorter term timeframe people trade the correlations and they matter on some level, but what matters a lot more to me is the fact that massive downg

nvidia, if you are nasdaq older, you got to nvidia holding up the nasdaq right now.asdaq up 96 right now. in i♪ business alert, look at this. usually even in the winter californians are relaxing by the pool. kind of hard to do that when it's snowing out. you are looking at you from 52 miles south of san francisco. it's snowing by the pool. we showed you the hollywood sign, there's snow by the hollywood sign. california's far from the only state hit by extreme weather, south dakota on your screen. we have pictures from colorado, minnesota all the way to new hampshire, more than 3600 flights delayed. more than 1000 canceled nearly 1 million customers without power due to the wintry storm which is tearing through parts of the country and there's a blizzard warning at this hour in southern california. kelly o'grady where she is at lax with more on what travelers should be bracing for. snow on the hollywood sign? i'm from california, never seen that. >> i know, this is not why i moved here, i moved here for the sunny weather but march is a couple of days away, winter is g

still down one hundred 70 on the dow, 130 on the nasdaq. lots of red ink. off of the committee because she made anti-semitic statements. the left doesn't see it that way. the new york times, which is the democrats bible, sees her as an act of political revenge. nancy pelosi kicked people off of committees, according to the times it is just politics. to alexandria ocasio cortez, it is racism directed at women of color. >> there's nothing consistent with the republican party's continued attacks except for the racism and incitement of violence against women of color in this body. this is about targeting women of color in the united states of america, don't tell me because i didn't get a single -- >> time is expired. stuart: plenty of passion. fellow squad member rashida tlaib went further. >> the gop is doing what is best at, weapon icing hate against a black, beautiful, muslim woman. i will not be silenced. >> the gentlewoman's time is expired. the gentlewoman's time is expired. >> through this chamber -- >> the gentlewoman is no longer recognized. stuart: th

look at that nasdaq, up 351, almost 3%.he s&p is up 1.5% and minor loss for the dow and a couple of dow stocks, which are lower this morning and that's dragging the overall average down. ryan payne with me here in new york. he's the market watcher of the 11:00 hour. do you see big gains for the stock market through the rest of this year? >> i feel like a broken record here, stu. i've been calling for the big rally, it's happening, and i think what you're seeing here right now is the fed pretty much said yesterday, jay powell is open to a lot of different scenarios here basically saying that he's willing to pivot and that's all we want to hear right now, is the fed going to be tough with the monetary policy or loosen it up? looks like they'll loosen it up and inflation is coming down and bullish for markets for the rest of the year. stuart: think this is a fed-based rally we're seeing? >> i think it's partially a fed based rally but the acknowledgement that the economy is not in bad shape. if inflation is coming down like th

the nasdaq goes out with a gain of almost 2% nasdaq 100 up 2.2% driven by strength in microsoft, apple, nvidia, alphabet that's it for me on "closing bell." see you tomorrow now into "overtime" with scott walker >> thank you very much i'm scott wapner you heard the bells. we're getting started from post 9 at the new york stock exchange we're about to get chipotle earnings, a good read on what's happening in the economy on the ground and also where food prices are heading i'm going to speak with lo toney on whether all this ai talk is just another sign of another great big bubble i

, watch. >> the new nasdaq this is an expression we've been using we were trying to get me to kate lastot include the stocks in the nasdaq for the most part except for tesla perhaps. and the world is changing incredibly quickly here. we are seeing this with a.i. all of the news that is capture the public's imagination, business imagination. it is happening very quickly in our portfolios are very focused on the future, the nasdaq another broad-based benchmarks are much more traditional they are really the names of the top of the portfolios and the companies that it really done incredibly well over the years we think many will be disrupted. >> mark what about that she had a horrible year we know that tesla is her top holding and she told me she is inspecting tesla stock around 200 to go to 1500 or 1600 what a prediction what are your thoughts on the leadership in the market year-to-date are these gains sustainable look at meta up more than 50% year to date. >> welcome the gains after the horrible year in the market at large level and specifically to the ark innovation fund having said tha

first up, the nasdaq 100, the qqq and that nasdaq 100 index is up 14% this year. that is the exact opposite of what happened last year. remember last year to start the year, tech got destroyed in january and february this year, completely flipped. check out stats that we put together just for you, loyal viewer and listener. 65 stocks in the nasdaq 100 are up this year 23 of those have gained 20%. five stocks have boomed 50% since january 1st. who are the stars? here you go. the up 50% or more club this year meta, facebook up 55% tesla up 58% warner bros. up 63%. and align is up 62%. and many of these names or the same ones that got crushed last year if you bought them a year ago, you may be down. if you had the genius to time it, you made a lot of money. by the way, in the boring, old dow jones index, salesforce and disney up more than 20% this year bottom line, it has been a good start to most stocks in 2023 >>> let's get back to the key headlines for tuesday with pippa stevens. >> brian, facebook and instagram parent meta fplatforms is under pressure from mark w

the nasdaq takes a ride. set to open up sharply lower this morning >>> and a trio of trouble in big tech headlined by apple tdoing something for the first time in years. and alphabet and amazon adding to the sour taste. >>> and gamestop and bbby and now aaron cohen has a new share surging. >>> and adani shares lose another $30 billion in overnight trading. the latest in a moment later on, bracing for beyonce. how ticketmaster is looking to avoid the taylor swift debacle it is friday, february 3rd you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan thanks for starting your friday with us. let's kick off the stock futures. red across the board the dow is opening up 100 points lower. the story is the nasdaq. it can open up 1.5% lower. this is a reverse from yesterday. shooting up 3.5% this on the heels of the massive pop in meta shares and best single day gain in a decade. you see the move right now the jump right here. big day for meta a lot of people look

there's a rally going on especially in the nasdaq.t is up 212 points, one. 7% on the nasdaq and look who is here, gary kaltbaum. looks to me like, the fed says inflation is easing. that looks to me like a positive backdrop for the stock market, things are looking up, so are you. >> i don't care what the fed says. i watch interest rates and the yields on the 10 year dropping 4.33 to 3.3, that has done the trick and all you have to do is look at the yield's top down, october, that is when the market bottom, it is the direct correlation that is driving stocks up and down. if yields start the backup again market will suffer but if they stay down, nothing but good news right now but i don't think we have a completely all clear in the market. 10 to 12 dow stocks act terribly off their numbers but the technology complex has completed a gigantic bottom in here and hopefully it continues higher because that is the risk on area that i love so much. of the one are you worried about a recession down the road? do you think we can reboard a recessi

nasdaq is up 2%. i mentioned treasury yields getting bought the dollar is weaker bitcoin is at the high of the session, everything you would expect to rally. you think we've seen the highs on treasuries. a lot of people think, higher for longer that means rates are going back up. i don't know treasuries. the treasury curve right now, you know, it depends on what part of the treasury curve you talk about, right? we have such an inversion going on between 9 front end. >> and inverting further. >> i would assume so have we seen the highs i don't know about the highs on the front end. the fed keeps raising rates, i think they're only going another 25 basis points. >> you think it's priced in? >> i think it has been if you ask me, you know, to tell you, i think we've seen the highs in the treasury market, the ten-year is driving its own view of where the economy is, but the key thing you talk about with the dallas, dollar, it's allowing repatriating earnings, so the dollar move is very valuable >> but all

dow down, what, 355, nasdaq selling off.oing to get used to this 1-2 the % swings for the rest of the year before we have clarity from the fed. maria: that's a great point that you make. thank you for that because, look, we've got a situation where people are watering to set of these high higher rates and, unfortunately, it's been showing up in those areas that are most closely tied to higher rates like housing. i guess, you know, earl, buddy carter, congressman, your final thoughts here on what the future looks like in terms of the republicans running things. are you going on the able to get anything done with in the slim majority? >> i think we will. you know, you only have to look at recent history to see that divided government has worked well. when you think about tip o'neill and ronald reagan, when you think about bill clinton and newt gingrich, i mean, they were able to get some things done. if this administration is willing to work with us, we can get some things done. we can get this economy back on track. but it's

put your eyes on the nasdaq here.session, the biggest one, was down about 215 points. we're pretty much almost there, down at the moment 20 the 8 points and then we've got the s&p lower by a full percent. capris holdings, the parent of michael kors and versace, committing a major earnings faux pas. the stock is shedding 27% after the company whiffed on its third quarter report. it also counts jimmy choo among its brands and provided a weak forecast for the rest of the fiscal year saying higher prices at high-end fashion companies are causing some of their customers to curtail spending, slower traffic in china as well during the lockdowns also hurt revenue. ca capris' not the only retailer struggling, under armour is down 9%, close to the lows of the session, after executives announced discounting will continue due to pretty significant inventory buildup. under armour's inventory rose 50% in the third quarter. and despite getting an upgrade, lululemon is down about 3.33%. open oppenheimer actually calls them an outperf

it's destroyed the nasdaq 100. the nasdaq 100 since inception is up -- since the inception of the joe t., up 14.6% nasdaq 100 is up 2.76% you have 16.7. your sector moves are interesting. what do you make of this apple decision and a sale at a time where these stocks year to date apple is up 10%. it's still 20% off its 52-week high and getting set tomorrow to report earnings. >> i don't love the move, but i think it's a bold move i think that joe has a point of view about apple and when you replace something, which is that big of a wait in an index, and i don't know if the s&p is your benchmark. if it were, you have to find something that's up over 6%. >> because we're on cnbc to morning star it's not but i'll accept that >> you have to have something that will replace it that will do better. joe knows lots of tickers out there. if you think the market is going to be flat this year it's still way below where it closed at the end of 2021. find some names that will be doing better than apple. >> and, see, i don't car

the nasdaq down nearly 300 points.re getting earnings reports from names that maybe could change the narrative here. tjx, pretty much retail here, ebay, etsy. also we're getting chipmaker nvidia and ev macher lucid. plus one energy name our "countdown closer" has his eye on. joining me state street global advisors chief investment strategist. he is responsible for 3.5 trillion in assets. can i get your thoughts on the selloff today, what you feel was the heart of it? >> liz, i think there was a pivot in the market. unfortunately not a pivot investors were hoping for in january. jobs are poor. hotter than expected inflation numbers, poor earnings, geopolitical flare-up resulted in a market selloff. there is real pivot and shift what happened in january. this come together to increase volatility and put the markets in a very precarious position. liz: you're going back to energy. we had the of i-shares of blackrock, here at the top of the show, she does like energy even in this rising rate environment. your energy name, p

the dow is up 300 points on the nose right now, the s&p is adding 40 and look at the nasdaq up almost 1.5% today up 165 again, this is more continuing the trend we've seen since january 1 with the nasdaq leading the way, 12, 13% gain already this year and that's continuing today technology obviously leading the way, microsoft, solar edge, nvidia leading the gains, microsoft adding 3.5% after its big week, nvidia adding 3% and solar edge a 4% gainer as well energy in the red today, that's been a countertrend. treasuries are on the move let's take a look at some of these yields here. the two year highest level since late november of last year, 454, the ten year 372 the highest level in six weeks all the more notable to see the nasdaq doing what it's doing in light of this. bond yields have been making big moves since the last fed meeting and that strong jobs report and traders say a hot cpi report tomorrow could spur even bigger moves unless expectations are already too high let's get to rick santelli out in chicago rick, how does this trade look to you today >> it certainly looks as th

here at the 33,000 level, nasdaq down 34 points. about sensitive military service, exposed online for two weeks, you've got the story, what was on the server, not just anybody able to access it? ashley: apparently, the defense department left the server exposed which it was part of an internal mailbox system that stores military e-mails mainly involving us special operations command, the us military unit that conduct special military operations. i misconfiguration left that server without a password allowing anyone on the internet access just by knowing its ip address, the server is hosted by way of microsoft, azure's government cloud and the exposed emails appear to date years back, containing personal information including social security numbers and addresses. not good. the flaw was discovered by a security researcher. the pentagon says it doesn't appear anyone hacked the system, none of the data on the server appears to be classified. they used the word doesn't appear which doesn't sound very convincing to me but they are now aw

and dow up 70 and nasdaq 90 and s&p 18 points.ime for the monday trivia question. it's a good one. before florida, which state had the original nickname of the sunshine state? new mexico, texas, arizona, mississippi? we'll see if ash knows the answer after this. . . so, you have diabetes, and your glucose is heading good thing the new dexcom g7 can alert you before you go too low. now, that's more peace of mind withthexcom m stuart: this was a good one. our producers labored mightily to come up with a really good trivia question and they came up with this one, before florida, which state hat had the nickname of sunshine state, new mexico, arizona, texas, mississippi. ash, you're on deck, what do you think? >> mississippi the show-me state. texas lone star state. new mexico land of enchanment. i lived in arizona. has to be. stuart: so am i. new mexico. there it is new mexico. i have to explainer for you. in 1892 the state's unofficial nickname was the sunshine state. we're talking arizona now. they never actually made it official.

the nasdaq losing 185, russell 2005 down 17. already a rough week today, you look at the week to date, the doubt nasdaq week to date suffered the most, the dow down about 3% and i can tell you the doubt is negative for the year. nasdaq looks to lose three and a half% this week but three major fear factors are darkening charts as we kick off the final hour of trade. you got to stay with us because yesterday we went from red to green, maybe it might happen again but you got the fed fear factor, continues to shake the markets, the latest brings the feds favorite inflation gauge, or pce stands for personal consumption expenditures, came in are both month over month and year over year. trader reaction was swift, bets 150 basis points just rate hike and the next meeting stood at 30% earlier today, 6% jump from two days ago because the court pce showed consumers are still paying higher prices for goods and services despite the fed's best efforts to quell inflation. right now, it stands at 27%. again, it was 30% a few hours ago. no quel

look at the nasdaq. the nasdaq is the big percentage gainer, up 1% plus at the moment, a gain of 125. a couple of big winners, flip it over to some of these names, airbnb charging ahead by 6%, baidu, another chinese stock up 5.7% as it chases microsoft which is up 2.8% in this a.i. chat bot arms race or frenzy, whatever you want to call it. we want to call it a bubble maybe? we're going to the ask alan about that too. by the way, microsoft's market cap now above $2 trillion. last i checked, 2.026 trillion, and it is right there at the top of the dow heat map. okay, followed by nike. nice big move there, intel, home depot, salesforce, coca-cola. we just have six laggards, johnson & johnson, caterpillar are, travelers, walt disney and unh. blue chips not really in the red here, are investors setting themselves up for a heartbreak or a sugar crash of sorts? if the cpi tomorrow, 8:30 a.m. eastern, comes in hotter or simply matches expectations, look out for january headline cpi to rise .5 of a percent and 6.

the nasdaq up 40 points, the russell up 11. the tech sector actually looks, you know, let's call it firm at this hour. nasdaq leaders include rivian, applied materials, lucid group, meta is in there, docusign. so a bunch. of real technology names there. now, if you look at the green in the nasdaq 100 as well, it is populated with semiconductor names. nvidia moving higher by a quarter of a percent, marvel, 2.5%. broadcom up 1.6%, a amd up three-quarters of a percent. when you flip it over and hook at the nasdaq laggards, you've got names that aren't totally this can-focused, constellation energy, keurig dr. pepper, kraft heinz, but this mixed market is way less important than two stories developing within them right now, both of which swirl around the real picture when it comes to the health of the u.s. consumer. to the dow heat map, the blue chips and the one major index that is pretty much deeper or swimming in the red. we do have the dow down 179 at the moment. all the a way at the bottom there, turn your attention to goldman

the s&p up 17 and nasdaq higher by 59.reporting tomorrow, lowe's and kohl's reporting wednesday and then there's macy's out on thursday so pretty good look into consumer spending coming up this week ahead of all of that joining me is anderson capital management chief investment officer, peter anderson. also joining the conversation all morning lock is columnist liz peek and national t taxpayes union vice president, brandon arnold. thank you for being here. peter, your thoughts on where we are. we have a market of course that is showing gains year-to-date in tech, nasdaq still up on the year. but we're coming off of a pretty tough week. what are you expecting for the rest of the year? how are you invested? >> well, i'm fully invested, maria. i'm actually having a very, very good 2023 and i expect that to continue. mainly because i'm saying it's the most hated rally. i know there are a lot of people that are not up as much as i am but i think that the fed is doing a wonderful job marrying the past hikes that they made with t

the nasdaq up 1.6%. >> let's head to the nasdaq now and check in with christina for a look at the day's movers. >> all three indexes like you mentioned bouncing back from last week's losses with the nasdaq up for highs today. we will mention the two-year which follows tightly with the fed's fund rate at 4.5%. investors are buying into the softer cpi print which could revive this equity rally that we saw at the start of the year if jay powell brushed off any signs of easing monetary policy. so we're only a month and a half into the year and tesla, warner brothers, align technologies are all up over 50%, the biggest winners on the s&p 500 year to date tesla is down 1.5%, but that could be profit taking microsoft, the top contributor to the dow, up over, what is it, 3.4% right now that means its market cap is over $2 trillion again and then we've got the biggest winner on the nasdaq illumina recouping losses from disappointing losses last week this company is likely to generate the largest alpha, in other words out performance. go canada for ryan remember nan -- reynolds. >>> investors wil

the nasdaq futures currently gaining .7%. euro-dollar, gain of about .1%. the dollar is softer after the gains we saw yesterday. 4.69 on the two-year, brent at $80 a barrel, up .4% after the longest run of losses for oil year-to-date. francine: let's get straight to our markets reporter valerie tytel. you are looking at the fed minutes, and as john authers puts it, three weeks actually is a long time in markets. >> a lot of the key takeaways focus on the chat around the 50 basis point hike. we heard from mester and bullard last week that they supported it. turns out they did not have a lot of friends in the fomc about that. there was not even a mention of the word of disinflation, which powell used ad nausea him in that q&a. the emphasis instead was on maintaining this restrictive policy stands for longer. they also discuss the upside risk to the inflation outlook remaining key to policy. there was no discussion about the downside risk to the inflation outlook. going into these minutes, we had a string of soft cpi print but they are still focusing on the up

, parts of nasdaq, consumer discretionary up 20%, so back in bull market. we've talked about the speculative parts of the market, bitcoin complex all up 40% plus. so, there is a valid question that investors are asking. are we moving too far too fast and as we know historically, markets don't go up in a straight line forever. and when we move up this fast, it leaves the market vulnerable to down side shocks. what are some of the shocks that could happen maybe it's earnings again. if you look at earnings expectations for q # and q2, back-to-back negative quarters expected maybe that transmits to gdp to some extent, but we're getting an earnings slowdown ahead of us on the good side, when january is this strong, historically, the year does do well as well. as goes january, so goes the year >> ron, let me come back to liquidity for a moment i guess one observation might well be that one of the reasons we had such high inflation is that we had really high liquidity in the market. we had the federal reserve injecting cash into the market we had the fiscal stimul

francine: on the nasdaq rally, gains of 60% year-to-date. there are strategies saying the tech rally is too hot that they would have missed out on these almost double digit gains in tech. >> it's been a fantastic start to the year, a live asset classes. there is a lot of caution to be had right now because the signaling from the market and the fed remains at odds with one another. there going to be a re-conciliation at some point in we have to find out where that happens. there is potential for that short-term volatility before we get back the upside. i am broadly an agreement with that assessment. the big area for gains is possibly the areas that are most underpriced which is commodities. oil prices have had a lackluster year. if you look at china's reopening, we could see strong commodity prices in the year going forward. francine: all right, thank you both for joining us. madison faller there, global investment strategist at jp morgan chase bank. we are getting breaking news out of credit suisse which is to pay its junior and mid-level ba

the nasdaq has been really interesting.he last time it rose tprobably in the first month of the year was 2001 that brought back scary memories of the dot-com bubble. by the end of the year, it fell back 30% it doesn't bode to wo well for e nasdaq a lot of that led by the tech stocks you are seeing the likes of apple gaining 11%. a 2% gain for the likes of amazon and nvidia gaining. it's very interesting how this will fair for the remainder of the year companies to look out for, microsoft, which did gain 3% in january. the cloud business which is slowing may begin to hurt intel, snap all of those noting that as well. >> worth pointing out we get meta results today as well as apple tomorrow lots more coming up in the tech earnings space. >>> coming up on "street signs," we're going to be hearing from liam condon as johnson matthey announces the production of hydrogen margin. we'll be right back. johnson mathey announces a plug power partnership. it comes with a u.s. investment to capitalize on the inflation reduction act. the

the nasdaq lower by 112.ata in two and a half hours. the two-year treasury falling from 16 year high on tuesday sitting at 7.24%. up 2 basis points right now. we will get the january pce index in

nasdaq down 264.♪ ♪ i promise you, girl, a new world for us two with you in the middle ♪ thanks to a deluge of new government subsidies. and while that may not be the best use of your hard earned tax dollars, it does give you a unique opportunity to invest in the mega-trend, even in a down market call today. to learn more about this space and get my number one stock pick to receive your free report. how to cash in on the solar energy boom. call 18778226036 or visit solar boom investor dot com. ♪ ♪ ♪ ♪ ♪ stuart: all right, check those futures. still showing some red ink. nasdaq going further south, off more than 2%. mark mahaney back with us this morning. you're our tech guy. i want you to go through apple, amazon and alphabet. they all reported late yesterday. let's start with apple. go through it, please. >> let's throw in meta there too, we're not out of the woods. you had revenue growth deceleration across the board for every single one of these companies whether it was advertising revenue, retail

, could snap that five- week winning streak down half a percent at 11, 727 on the nasdaq.ke a look at the big tech names if we can. yesterday was a mixed bag before the sell-off later in the day. alphabet, google, it's up 1% but microsoft, apple, amazon, and meta all lower at the very opening. modestly so. going to start talking about lyft. we talked about it with mark mahaney there plunging after a very disappointing report. susan li good morning to you. what happened at lyft? >> well it was look at the stock, we're down 31%. this is the worst day in the company's history since its ipo. remember, it went out at $72 a piece, so if you bought into that ipo a few years ago, you're not liking it at $11. weak guidance for sales for this quarter to start 2023 and this is after lyft reported half a billion dollars in losses to end last year, and that loss was twice as much as the year before. they said that ridership is still below pre covid level still 20 million active riders before covid started it was at 22 million and they aren't mak ing enough off surge pricing. also, wall

nasdaq ticketed on 131, s&p is down 30.week has been a selling week and it continues this friday. jonathan hoenig with me this morning. you say inflation is just getting started, interesting. >> this could be a decade i don't want to be a wet towel but president biden past this inflation reduction act and it went down half 8% or% he's taken a victory lap but not so fast yet look at history last time we had this inflation nixon, ford, carter and reagan and in fact it got worse, interest rates in 1974 were above a present it was 13% six years later, i don't see any demonstrable change in terms of interest rates and inflation in a had to move my clients into alternative assets to try to make money in this environment. >> you have to tell us what are the alternative assets, how about gold for example? >> gold has been under pressure because of interest rates, another commodity dba agricultural commodities you talk of food prices are going up, this is where you want to do your due diligence dba tracks corn, soybeans and wheat th

nasdaq looking to open about 70 points higher. points meanwhile, let's she you treasury yields. that's been part of the story, if not the entire story this year and last year, maybe the year before. but ten-year note right now at 3.953. the two-year at 4.834, becky. >> sent a big move rapidly i want to get over to dom chu. he's nogot a look at this morning's premarket movers. >> we're going to have to start with shares of union pacific, which is surging in the market up around 8% just around 100,000 shares of premarket volume, this is america's most valuable publicly traded railroad operator it's catching a bid on news that ceo lance fritz will step down from his role later on this year in order to facilitate a change in leadership at the company now, the move comes as hedge fund has been actively seeking change at union pacific. those shares have lost around 30% of their value since the highs you saw right here back in march of this past year. also in the news, deal chatter in biotech and big pharma. shares of seagen up 18%, roug

nasdaq is actually up 1 point, just a point, that's it.ndy biggs, brian kilmeade, south carolina congressman russell fry and dr. bob lahita who's going on the talking about fungal zombies. they'd you'd like to -- thought you'd like to know that. we'll be back. ♪ ♪ if finish. ♪ ♪ ♪ my relationship with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. .. n with no fees, low fixed rates, and borrow up to $100k. go to sofi.com to view your rate. sofi. get your money right. ♪ ♪ what will you do? will you make something better? create something new? our dell technologies advisors can provide you with the tools and expertise you need to bring out the innovator in you. get refunds.com powered by innovation refunds can help your business get a payroll tax refund, even if you got ppp and it only takes eight minutes to qualify. i went on their website, uploaded everything, and i was blown away by what they could do. getrefunds.com