post earnings nasdaq inc and netflix. we can tackle nasdaq first. it's up 3.25% surging on profit beat and a dividend hike that came during a bone dry first quarter ipo market. can the ai arms race revive initial public offerings? president and ceo adina friedmann joining me on the clayman count down. let's get to the floor show and trader joining me now and dutch masters and scott bower. scott, i want to start with you. let's tackle bank issues though. western alliance. this is a regional that just a couple of weeks ago was was going down the rabbit hole behind silicon valley bank and take a look right now. it's popping about 23% at the moment >> look at kre, regional banking sector and it's up today and it's kind of across the board that you're seeing maybe not blow out stellar earnings but what we didn't see or haven't seen so far is the catastrophe and devastating news of what may have been. >> we're not out of the woods but the smaller regional banks are looking good and a lot more reports coming out other the next couple of days and i look at

amid very low volume, the nasdaq underperforming.y, everything is going to change in less than 24 hours with the inflation report. this is bloomberg. ♪ ng. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com at allspring, we break away with purpose. harnessing data-driven insights and boundless curiosity. we dissect the market from every angle. helping to build portfolios that redefine what's possible. because investing isn't one size fits all. allspring. purposefully divergent. >> another low-volume day ahead of the big data report coming out tomorrow and another data point on thursday and other on friday. i'm romaine bostick along with katie greifeld, kicking you off to the close. katie: not too much action in markets. volume light wind's again, just two basis points or so, five basis points when you look at the two-year yield, pretty quiet. romaine: intereto

s&p and nasdaq in the red. nasdaq hardest hit down .30% in the pre-market.oes it for us here on "worldwide exchange. "squawk box" is coming up next thanks for watching. (christina) with verizon business unlimited, i get 5g, truly unlimited data and unlimited hotspot data. so no matter what... i'm running this kitchen. (vo) make the switch. it's your business. it's your verizon. >>> good morning it is the final trading day of the holiday short week the markets are waiting in anticipation of tomorrow's jobs report which is coming hell or high water whether the markets are open or not. the reaction will be delayed. >>> house speaker kevin mccarthy meets with the taiwan president. we will have a live report from beijing. >>> and tesla out with the master plan part three musk's vision of the carbon free world. the world would not exist without the element of carbon. that's what we're made of. it is thursday, april 6th, 2023. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square

nasdaq composite up almost 1% of meta chiming in clearly helping the nasdaq. across the board, they've all opened fire. it is at 237. apple 165, microsoft closing in on 300. also but right there at 104. let's get back to meta. susan is with us, checking meta all day long and this morning, hoisted out? >> meta and three quarters of falling sales, sales went up from a year ago and that meant higher profit for the social media company. costs coming down, cut 21000 jobs and earnings call they said they are still losing for billing dollars virtual reality and he said it's not going to change, we will continue to invest in oculus and virtual reality. meta raising guidance for the rest of the year end added users in the first quarter. 40 million new users around the world, over 2 billion actives, that visit facebook everyday. all street similar to microsoft yesterday. i count 17 price target hikes going up around $300, berkeley went up, 350 so that's almost 30% upside still from here and metas result, google's results show advertising revenue is recovering and good n

to the nasdaq. >> all right appreciate you watching.ric, thanks that's eric jackson sk. >>> up next a major macaw bounce back and las vegas sands, don't sleep on that one. we'll give you a rundown on the metrics you need to watch. we'll do it next on "closing bell." ordinary problems are for ordinary companies. we're here to fight the big, intimidating, impossible-to-change problems. [beeping] from developing treatments at unprecedented speed to addressing threats to global health. we're leading the way with a revolutionary mrna platform that could teach our bodies to do extraordinary things. we're here to do something more than make medicine. we're here to change it. moderna. this changes everything. and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked... yes. right. yeah. and i don't think at that time- i think you're the one to tell me that we had the same birthday. yes. it's really unbelievable when you think about it, because it's been, like, really over 20 years that you were m

the nasdaq is not unchanged, the nasdaq is higher. big tech, micro soft up $21.ple 25 cents. staying on big tech, susan is back with us. over the standouts in google and alphabet reports to you? >> it wasn't as bad as expected. it wasn't expected to be this good. microsoft business still growing out of good clip at 27%. the lowest quarterly growth rate ever for their business but it wasn't below 20% which i think was a big sigh of relief and they did better on sales and prophet raising the full year end all of this is before they actually start realizing any of the artificial intelligence ai benefits of microsoft business which you can imagine was talked about on the earnings call and they are still bullish at microsoft. stuart: i'm surprised alphabet is not doing better because i got up 70 billing dollars buyback. >> that's pretty much the pace you saw from last year so things remain unchanged at alphabet. after spending recovering is basically the story at alphabet so cloud business was profitable for the first time in the beat on sales and profit. i spoke last

nasdaq with the positive finish for the quarter. the big winner is the nasdaq up 17%. as you can see let's check on the bond market the 10-year treasury at 3.53 we are still seeing the yield and 2-year with the inverted yield curve. >>> now to the top story we mentioned oil prices are spiking after saudi arabia gives a surprising production cut and several members removing more than 1 million barrels a day from the market starting today to the end of the year the group agreed to this back in october. saudi arabia cuts 500,000 barrels per day. followed by iraq and uae and kuwait the saudis say this is a precautionary measure aimed at stability in the arket russia, an opec plus member, will cut throughout the end of the year let's get more insight with rebecca babin. great to have you here this morning. >> thank you forego having me >> we have seen this recently. right now, oil prices are up 5% for wti and brent. what is the big difference this time around? >> the big difference with the cuts is these are real cuts. in the past, opec plus has cut quotas, even for countri

the nasdaq down 108.aid there was an economic hurricane on the horizon. then last week on cnn he forecast more economic storm clouds are on the way but our countdown closer has the stock recipe that will shelter investor portfolios from whatever storm jamie and company see. joining me strategic wealth partners, coo, vp, tony how do you pick stocks that you say will sort of be this raincoat? >> our mentality right now is defenses championships. my tip for investors, do your homework, create a list of stocks, high quality stocks that they have strong balance sheets and strong cash flow and size your exposure appropriately. i think if you follow these steps you're going to be able to get yourself into something where you're not going to get you know, pummeled next time the market goes down. >> on our screen, perrigo, s&p global, those are two names you really like. they both have certainly a dividend yield. 2.79% for perrigo, s&p global strong cash flow growth. again other issues, kash flow crucial. these tw

we'll get to the nasdaq, tesla >> that's where fed policy is priced in the treasury market. that's not good. we see the two year going the wrong way. so the setup is a poor one and, again, i'll mention underneath the surface of a lot of earnings that will be reported this week there's a tremendous amount of fed speak. rafael bostick, we're going to hear a reiteration of a very hawkish positioning. back in the conversation -- >> a hawkish positioning, i brought up bostick one more in may. the market knows that. how hawkish is that? the market knows it now. >> again, that's why i think this week is a week in which we're running in place i still think we're going to 4200, it comes in the form of mega cams. i don't think fed speak will do anything to advance the market towards 4200 this week >> liz, the vix is at 16 1/2 unbelievable there's just not much volatility around there's what people would suggest complacency abound, for whatever reason. how do you see the market here >> there's volatility in the bond market, and there continues to be this contradiction between what's ha

nasdaq down about 1%.e same range since the opening bell more than an hour ago. >>> now this, twitter is slapping a new label on a number of news organizations. interesting. come in here, lauren. what is it? lauren: government-funded. that is actually a step up from state affiliated which puts some of these organizations like npr at one time on par with russian propaganda sites like rt and china's news agency. see npr says there, in yellow, government-funded media. npr doesn't like it. they say they're not tweeting until twitter takes that down. they also say as does bbc and others, we are completely independent, receive very small part of our annual budgets from the government but nonetheless, that is what twitter slaps them with. ashley: interesting. all right. lauren, thank you very much. now this the irs just released its new 80 billion-dollar plan to revamp the agency. they're planning to hire 30,000 new employees. lydia hu joins me now following all of this. lydia, tax day as we know unfortunately is

the nasdaq, meantime, finished the day in the red, but ended well off the lows of the session. so, why were markets able to shrug off this inflationary news, tim? what do you think? >> well, i think when opec makes a move like this, and i think the headlines appear very political, i'm psyched we have paul on, because he really understands the politics behind oil in addition to the fundamentals but when i see the dollar give ground and and ism one of the lowest prints we've had at anybody's lifetime at any time forget two bad months in covid, we're back to 2009 levels. tells me that people aren't that worried about inflation. and if i look at the bond market and the ten-year and the two-year, we're near kind of those lows we're not that far off the extreme lows and equities, i don't know if i'm whistling past the gra graveyard, but 8% lows today so, it tells you that people are not worried about a more aggressive fed, and if anything, the dollar represents central bank differentials, people are pricing in much less fed than they are ecb so, i don't think -- there's a lot to this

big tech stocks dragging down the nasdaq. highly anticipated consumer price index report for the month of march we're also going to see how much inflation is impacting shoppers when we get the march retail sales report on friday. analysts are expectinginging a f retail drop. "countdown" closer says i got stock in the sector i say are worth buying. i is jordan kimmel, portfolio manager of value engine capital management. this is dicey. if we're really starting to see the consumer slow. you wonder are they really going to be buying things they don't have to buy? yet you like three names here. let's talk about them. >> you know liz, you're 100% right. you know, that i don't buy all stocks that don't support all stocks. i do really high math, and i look at some interesting trends. you know, we go way back when. i give you my small cap pick here. you remember the old pokemon 20 years ago? there is a baby pokemon right now. it is jack pacific. licensing company, a toy company. i saw you talking about super mario yesterday, a new li

abigail: nasdaq 100 near session lows, down .9%.were higher. when that i a sim report came out lower, tech is still down. thanks are lower with yields being lower. with the bank turmoil, energy on fire. more than 4%. uso oil fund up 5.4%. representative move we are seeing in oil, up the sector up seven days in a row. this on the opec-plus production cuts. if we take a look at -- this is a different chart than what we were going to be talking about. we are looking at luxury verges. nasdaq 100 is interesting. luxury is outperforming recently. tech, which is an interesting idea because some folks may be expecting slowing of the economy, that would happen if energy is to fall lower. as for our final board, if we flip up the board, we are going to see that as we have donald trump surrendering soon in terms of his indictment, not too much of a fight or safety. maybe a little bit of one here. 10 year yield coming in five basis points, having more to do with the ism number. a little bit for the yen gold at session highs up 1%. the dollar fa

see how close the nasdaq is to either dipping into negative or seeing that gain at the moment, the nasdaq looks to come out to the upside here for the week, but by barely, barely a bit here s&p up two-thirds of a percent on the week. the dow more comfortably in the green by more than 1%. for the dow at this hour though, you can distill the point loss in the dow right now, down to a boxing match between jpmorgan versus boeing. jpmorgan owns the good news on this session. this percentage gain at the moment of 7%, it was even higher earlier, marks the biggest one-day gain for jpmorgan shares in 15 years, thanks to ceo jamie dimon & company posting blowout earnings. first quarter profits surging 52 % driven largely by higher rates the bank was able to charge on loans while revenue rose 24.5% to 39.34 billion from a year ago. analysts expected 36.19 billion, but declines in boeing blanking out jpmorgan's gains here we've got shares of the aircraft maker diving 5.6% after warning yesterday it had paused deliver ies of some of its 737 max jets. analysts say 60% of boeing's free cash flow comes f

look at nasdaq, the company nasdaq inc.. it has downgraded to equal weight from overweight.he analyst sees risk to growth in nasdaq solutions. it makes up 70% of the company revenue. coming up, ever wonder how banks stack up when it comes to how they use artificial intelligence? we will speak with evident ceo about the firm's recent report analyzing ai and financial services. even got a shut out from the one and only jamie dimon. this is bloomberg. ♪ ♪ go. go brain. no, not that one. go this one. go. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. >> this is an incredibly disruptive new technology. >> i think we are seeing opportunity and potential platform shift that we have not seen in a long time. >> regulation can put us where we need to be if we have the strength to put in place. >> i do think it is just impossible to regulate. >> all the leading ai labs know they are creating something dangerous, but they don't want to stop it. >> the w

you need to watch the nasdaq 100.t's the 100 largest nontech stocks we did this with the invesco they say this is what we're talking about. the qqq. here it is check out the qqq's weekly chart. they point out this tech heavy index has turned bullish for the first time since january of lastier when the tech bear market morphed into a bear market and it really got its claws into us. more important, she likes to do a moving average analysis here the 13-week moving average is in purple these are really important we'll go over every one of them. the 26 moving hours is green okay the 40-week is in red. and the 26 is blue you've got to watch the slope of these lines i know what the positions relative to each other and the underlying security. they can tell you a lot about the way things are trending. the 200-week moving average, okay, this is the really long one, okay? it gives you a big picture perspective of nasdaq in the overall direction. currently it is trending upwards. you look at the blue and it is going up qqq is tu

s&p is up 18, nice gain for the nasdaq, about .75% gain, almost 100 points up for the nasdaq. it's a rally. bitcoin rallying well above $30,000, you're at $30,300 as we speak. etherium's to well above $2100 level. a rally there too. interest rates, well, their holding at higher levels. the 10-year treasury, 3.58. the 2-year way above 4%, you're looking at 4.19. on you can the orer a fascinating -- tucker, a fascinating review interinterview with elon musk. twitter said -- musk says twitter was just an activist organization. mark zuckerberg's facebook is biased. google founder larry page didn't take the risk of avenue i -- a.i. seriously, and can although he voted for biden, next time musk would prefer, quote, a normal person with common sense. more on that that coming up. >>> nix more biden family members -- six more biden family members linked to money from china. nothing the happens. what would happen if trump's family made money from the chinese communist party? all hell breaks loose. we will look at chicago. educational decline, unrest on the streets and a new mayor who pr

nasdaq is up 3 points.the screen of what is expected at the moment and netflix is pretty much flat on the session, waiting to hear those numbers. so, we'll be talking a lot about that tomorrow. we have a top panel on it. in the meantime we have not talked about commercial real estate. it has been very much in focus the last couple of weeks. a major owner of office properties, brookfield, defaulted on a 161 million-dollar mortgage on dozen office buildings mostly around washington, d.c. that stock is down 3/4 of a percent. despite the bad news our county countdown closer says one real estate investment trust giving life to his portfolios. john nowerry, cio of nfj investment group. he is joining us now. hear about this one. why you don't fear a commercial reit having problems when the world seems to be changing a bit when it comes to back to the office and back to work? >> great to see you again, liz. a couple things i say high level of real estate. the time you want to consider looking at real estate is when

number one, the s&p and the nasdaq, the nasdaq is up 20% for the year. the s&p's up 7 or 8. the s&p's made up 50% nasdaq stocks. so over 50% of the s&p is nasdaq stocks -- liz: and haven't the leadership names been kind of the same, microsoft, apple -- >> all the same. liz: who else? >> all the same. and the interesting thing about them is the ones that have the biggest balance sheets, the strongest balance sheets, are the ones that have done well. even in the energy sector. look at exxon compared to some of the other companies. microsoft, google, apple, although meta was really beaten up, they have a big balance sheet. so we think people are kind of -- and they're laying off people. they're not laying off people because they're expecting a lot of business. so even if the market doesn't crash, they have to ramp up, it's going to take some time for that. and, by the way, 2% inflation, i mean, if that happens, i'll be under 200 pounds again. [laughter] that is not happening. my personal inflation rate is easily over 10%. this 5% stuff is -- i wish it was 5% for me, but it is n

nasdaq up 172 big gains.our "friday feedback," email us at varneyviewers@fox.com. send in the good stuff, please. i like to see it all. praise, flattery is good. a little hate mail doesn't hurt. that is it for "varney & company" this thursday. "coast to coast" starts now. neil: take a hike in may then go away? i am not talking what investors might do after a summer dash out the door. i'm talking about what the federal reserve might do, hike rate up with last time before finally slams the door. yod

stealing the show all day the nasdaq up 300. near 2.5%. we have an all star panel standing by to break it down we're live from the new york stock exchange "closing bell" on cnbc is back after this with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. you can't buy great conversations, or excuses to unplug. you can't buy possibilities, and you can't buy moments that matter. but you can invest in them. at t. rowe price we believe your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price, invest with confidence. 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. start a 30-day home trial today. terms apply. >>> nasdaq outperforming today on the bac

the nasdaq is up nearly 300 points, that is the new session high.and if i talk slowly enough, maybe we will hit a gain of 300 points for the nasdaq of. [laughter] well, for the moment the dow is up 537 points. stay tuned, we are coming right back. ♪ people ready to support you when you need it most? christian healthcare ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are regardless of your health history. offering affordable healthcare cost solutions that could save you up to 40% on your healthcare costs. learn more today at your chm dot org about healthcare that puts you in control. ♪ you were always so dedicated... ♪ we worked hard to build up the shop, save for college and our retirement. but we got there, thanks to our advisor and vanguard. now i see who all that hard work was for... it was always for you. seeing you carry on our legacy— i'm so proud. at vanguard, you're more than just an investor, you're an owner. setting up the future for the ones you

the dow holding on to a gain today, s&p 500, nasdaq, russell 2000 all in the red.nnouncing fresh cost-cutting plans and frank holland is here to discuss that. >> not only cost-cutting plans and major plans for the company. fedex is announcing that after the major transformation for a brief moment i got to speak with with the founder fred smith and they both described this as an evolution this is a big swing. in june 2024 fedex will transform into just one company. it currently operates as express, ground and freight for trucking executive compensation will now be tied to return on investment capital and we're seeing to restructuring at the top, and raj subramanian will be the ceo, and john smith will become the ceo of ground operations and richard smith becomes ceo of air operations and subramanian becomes after june of this year which brings it closer to rival ups. ups ties executive compensation to return on investment capital. i spoke to a few analysts that were here today, scott a lot of them said these are positive changes and the investment capital piece is a

we've got the s&p up 10, the nasdaq up 85. 80. talk about a 180.nging 38% over the past two sessions, c3ai shares are actually gaining about 8.6. it's not exactly a 180, gaining at this or hour after it responded to the claims made by a short seller. it had sent a letter to the artificial intelligence company expressing accounting concerns. c3ai ceo tom seeple swatted back calling it, quote, stock price manipulation. the company has benefited dramatically from wall street's obsession with artificial intelligence. it has more than doubled this year alone. shares of amc entertainment and preferred equity units are moving in opposite corrections after a delaware court judge conditioned a plan to allow a series of transactions which would have led to a capital raise. amc is seeking to the implement a 10 for 1 reverse stock split. the court said amc was moving a too quickly to implement the plan. but amc shares are up 19%. levis strauss getting taken to the cleaners at this hour, down 16% and on pace for their biggest percentage decrease since march of

the nasdaq off 90. >> morgan stanley is out the stock is -- up a little bit more a second ago, but up a little bit after the company reported $1.70, that's the number that came out estimates of $1.62, see the stock is up a little revenue is pretty good the revenue estimate was 13.923. and the company reported $14.5 billion. and then we get into sort of into the weeds investment banking revenue, $1.33 billion, assess management net revenue $4.73 billion. see, investment -- 1.3 wealth management revenue, wealth management, we know gorman made a good go of it there, $6.6 billion. and institutional security, $6.8 billion. those are two of the biggest obvious revenue drivers at this point. used to really like compensation expenses, andrew. >> you know what -- >> $6.4 billion. >> what does it say as a ratio that was always the -- >> hold on. >> the stat. that's like a 2008 stat. we don't even focus on that anymore because the ratio is actually more reasonable than it used to be you used to be 50%. >> a lot fa

dow's down 170, nasdaq down 120.up, after the disastrous afghan exit, could we be funding the taliban? one watchdog seem es to think so. roll tape. >> unfortunately, as i sit here today, i cannot assure this committee or the american taxpayer we are not currently funding the taliban. stuart: okay florida congressman mike waltz will be here on that subject a little later. >>> president biden promised to veto the bill protecting women's sports. he called it discrimination against transgender students. kentucky congressman andy barr can cosponsored that bill. he's on the show. he's next. ♪ ♪ i'm every woman, it's all in me. ♪ anything you want done, baby, i'll do it naturally ♪ the chase ink business premier card is made for people like sam who make...? ...everyday products... ...designed smarter. like a smart coffee grinder - that orders fresh beans for you. oh, genius! for more breakthroughs like that... ...i need a breakthrough card... like ours! with 2.5% cash back on purchases of $5,000 or more... plus unlimited 2%

nasdaq investors don't like that, and here we go.of 103, 104 points. about three-quarters of the dow 30 are losers. we've just got six or seven winners in the dow 30. the s&p 500 also to the downside, a loss there of about a half percentage point. the nasdaq composite is down about three-quarters of 1%. let's get to the big tech stocks. where are they now? apple, microsoft, amazon, alphabet, meta platforms, they're all down, 2% down on meta, back to 2 the 13. susan: we'll get to that in just a minute, a headline that just crossed. stuart: they've got some kind of job cuts. first of all, let's deal with netflix. good news on the password -- susan: maybe not for the stock, but for stu varney, there's a delay in the cracking down on password sharing for the 100 million netflix watchers that that don't have their own account. but as for the actual report card itself, you only had 1.75 new sign-ups, and wall street was looking for that 2.3 million plus number, so that was disappointing. sales were up less than 4%, so that's a slight miss

the nasdaq is down 53 points.ou this, treasury secretary janet yellen she is just said she is, press conference at an imf meeting. she just said she does not expect a downturn in the economy. i don't know about a time frame there. she is not expecting a downturn. she will be meeting china officials at a debt meeting. that is coming up soon. bitcoin, the story of the day. it is back to $30,000 a coin. that is is it nor "varney & company" today. "coast to coast" starts right now. neil: all right, kids, cover your ears.

nasdaq is down 100. s&p down a fraction, 84 cents, that's it. beach international airport. all eyes on there this morning. that is where the trump plane happens to be standing at this moment, waiting for former president trump to leave the doors at mar-a-lago on the left-hand side. he is going to be coming out of those doors, heading to heisman. the plane takes off. off he comes to new york city. now at some point later on today he will be checking into his apartment, his building, trump tower on fifth avenue. i'm expecting crowds to develop there. you're looking at it right now. that is fifth avenue. a lot of barricades, barriers, all the rest of it. i think you will see crowds develop at the far end. police will be closing off the street pretty soon because the president, mr. trump, 2:15? >> 4:00 p.m. he will arrive at trump tower. tomorrow 11:00 a.m. set to arrive at courthouse for the 2:15 p.m. arraignment. should be done by 2:45 tomorrow. stuart: i would expect to see some crowds in that area there, trump tower, new york city. what a day it

nasdaq up 76 treasury yields pulled back a little bit 10-year treasury below 3.5%.

the nasdaq down 3. but the nasdaq is above 12,000 at the moment. waiting on morgan sta and stanl.k forward here. people have been itching to get back into tech. next week will be a big tech picture. certainly so many nasdaq names. evenings reports from amazon, google and meta. the countdown closer bullish and tech. joining me is jay hatfield. let's take the 30,000 foot picture. tech overall. how do you feel about it right now at this moment? or are you waiting for the second half. >> we are at this point we are cautious. because it's dramatically out performed as you pointed out. but the one insight that we have that i developed when i was an invest up banker is when you have the telling breakthroughs like ai, the public companies get massively overvalues which seems really dumb. but it's why the u.s. always beats every other country in the world. that draws capital into venture capital. we see some of the other people you had on, some weakness potentially in may-june. and this earnings season, expectations are very high. i think it my be mixed. the market will probably be relativ

they're indicated down by 165 points the nasdaq is down by 108. down by 25 it's earning season, so we'll have plenty to mv us around even before the opening bell rings. you'll see right now the 10-year is yielding 3.62%. >>> here's what's on tap thfe

the nasdaq -- i'm sorry, the s&p down a fraction, .1%. nasdaq composite, where's that this morning?he place. they're all down. alphabet, apple, amazon, meta, microsoft all on the downside. show me boeing, please, because that thing is falling out of bed the morning. susan's with us. i want to know what's wrong. boeing's down, what, 5, 4.6%. susan: one of the main drags along with united health care which we'll get into, but boeing says they will likely have to reduce their 7. 37 -- 737 max airplanes because of a parts problem. so there's a quality issue with the fuselage for certain 737 models according to the maker of the -- spirit aerosystems. and american airline ares, southwest, the customers that will be affected with this day. -- delay. but add it on to the several issues that boeing has faced including dreamliner delays, other wide-bodied jets that aren't ready just yet. they're cutting 2,000 jobs in finance and their hr departments this year. add in this to another round of concerns for boeing as they continue to lose -- stuart: i haven't mentioned unitedhealth this morning,

this morning,, however, futures are having an abbreviated trading session dow industrials down 37 nasdaq futures down 2 the s&p lower by 5 points as we look this morning to, the march jobs' report coming at you 30 minutes' time 8:30 a.m. earn the impact to futures take a look at expectations, 239,000 jobs expected created in the month of march, interest rates have been plummeting, 10-year treasury yield yield you will see 10-year sitting at 3.30% that is down 7/10 bays points eurozone gains across the board ft 100 up 78 better than 1% cac quarante up 8 points dax in germany higher by 77 one half of 1%, in asia overnight, green across the board south korea best hong kong closed for a holiday the others fractionally moving, all of this as china has imposed sanctions on taiwan u.s. representative, following the joint press conference with house lawmakers, in taiwan k, back at home, kevin mccarthy meeting with president of taiwan in california, house judiciary committee chairmen jim jordan issued subpoena to district attorney on his role in former president's trump's indictment at manhattan

we have amazon coming up you mentioned nasdaq 100 trade amazon is in the nasdaq 100, but a lofty valuationn >> amazon is tough they gave us 10% contraction last quarter for each of the last three quarters, they warned of a slowdown i expect them to do the same this quarter as well they are uniquely exposed to the consumer slowdown and i.t. corporate environment as well. it is probably in the same category as the other mega tech names. sure, they are pointing to secular tailwinds. >> greg branch, thank you so much for your insight and word of the day >>> one last look at the futures right now. in the green nasdaq doing the best of them all. that will do it for us here on "worldwide exchange." we have "squawk box" coming up next thanks for watching. >>> good morning once again, stock futures pointing to a higher open as we await results from three dow compon components ho honeywell and merck this hour. >>> and meta shares soar in first quarter up beat guidance. >>> and house passes debt limit bill democrats are looking to avoid default. speaker mccarthy joins uses live from washington. it is

nasdaq is up close to 50 points as well.easury yields 10-year treasury is at 3.39. the 2-year treasury is close to 3.09 >>> let's talk

this is a slice of the nasdaq. with look at the rsi and the nasdaq.ntirely clear what is next. we go above 70 that is overbought and below 30 oversold. earlier this year we were above 70, and on the february pullback into march, it is not clear we are going down. this near term has not been broken. it would not be surprising if we pop higher into overbought territory which oppenheimer likes to mind me that is not a bad thing. it signal strength. a key factor will be the jobs report tomorrow. the trend for non-farm jobs, payrolls in the estimate for tomorrow around two under 30,000 jobs. this is the last two years. overall the trend is flat over these two years but with lots of massive moves if it does come in at 2:30. -- at 230, it will be a decline but last year there was a surprise. we will be covering this on bloomberg. many people will -- traders for stock will not be available. maybe the reaction will be monday. guy: some great coverage as the number comes out. another team standing by to deliver. thank you, abigail setting us up for our question

the nasdaq, the big underperformer during this week, down about 2% or so.we're asking, does the tech rally still have legs? sam lessen says yes, while our stock picker says some names are in "serious trouble. also, in that tech today, we're following that bipartisan group of lawmakers traveling to silicon valley to meet with executives about china the latest and what the group can realistically achieve. plus, there's this week's jobs data it came in weaker across the board, and now revisions are painting a far uglier picture that initially reported. we'll dig into that and what the fed needs to do. but first, let's start with today's market action on the last trading day of this holiday shortened week as you can see, we're mixed, but the better part of the story is, we are well off our session lows the dow is down about eight points, which call it flat on the session. the s&p just a hair below 4100, 4,0897, the last trade there, up about seven points at the highs of the session, we were up roughly 13, down 21 at the lows so decided wlily higher given wt we

the nasdaq is up 154.re concerned the fbi's not aware of the chinese police stations in america until it was reported in september. the committee is asking the fbi for answers. is the fbi stonewalling? >> they say they are. the congressional select committee, the chinese kindest party, operating sophisticated network of secret police stations, aid centers and nonprofits in the us, they say the network harasses, controls and intimidates chinese-americans and is seeking to influence, but they failed to share information about these even in classified briefings prompting repairman mike gallagher to write a letter to christopher rae demanding more information by the end of may, quote, we are disappointed the briefing failed to provide a response to any of the questions and did not inform select committee members to address the significant threat of transnational oppression by the ccp. >> can't answer basic questions. that was not acceptable. we are having to follow up with the fbi director to engage with the c

the nasdaq is lore i by 60 -- lower by 60, nasdaq is up 11.llobe right back. ♪ ♪ i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. cheryl: once again we are following the breaking news here in new york. you are looking at live pictures of former donald trump's plane that has just landed at a laguardia airport. then he is going to head over to trump tower on fifth avenue. he is going to spend the night ahead of his arraignment tomorrow in manhattan criminal court. again, former president donald trump has just landed at laguardia airport. the secret service vehicleses, the suvs are all on standby at the airport. we saw that in a different shot a few moments ago, and they will be transporting him to manhattan and, of course, all of this is ahead of tomorrow when president trump

the industrials up 6, nasdaq down 22. mark, i can understand fractional moves. >> yeah, i think a lot of investors are on edge. as it currently stands, consensus has earnings estimates for the quarter coming in at -5% which would be the second straight quarter of negative earnings growth, so that's an issue. and i think investors are starting to freak out a little bit about a potential recession. maria: yeah. for sure. rob, all of these policies out of this administration on full display. >> yeah. they're on full display and, you know, like i said, you know, last time i was here, maria, people are starting to see the effects of this economy. people are starting to seefects of this inflation. and we spoke earlier in the show about biden running for office in 2024, and he's really going of the to do some real interviews and address this. maria: all right. we've got to jump. guys, great to be with you this morning, mark tepper, kara frederick, rob smith. "varney & company" picks it up here. stuart: good morning, maria. and g

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nasdaq compositor is down a fraction, .17%.h i expect to be mostly lower, we got one winner, am amazon. seventy-seven cents, the rest are down. coca-cola reported first thing this morning, susan is here with the highlights. >> you are looking at eight-month highs for coca-cola, they had better profit sales to start this year end keeping full-year forecast intact and pretty much pricing power we saw from procter & gamble, png on friday. you get rewarded in this market, if you can raise your prices enough to cover inflation and they raised prices and demand went up in the first three months this year. apparently coffee and bottled water selling pretty well, volume sales growth for coca-cola and coke zero during the first. stuart: is fascinating, you got pricing power and you raise the price and sales volume goes up. >> they continue to make money with this high inflationary environment, who pays for it? you and me, the consumers. stuart: tell me about bed bath and beyond. >> apparently so. the penny stock because it was worth $4

nasdaq was trying to work positive, it's negative again.still positive, of course, but not nearly as strong as it was 15, 20 minutes ago. moderna a drag all day long, down 3% today on the vaccine news, right? >> yeah. they are testing a flu vaccine using their mrna technology and this is one of the nearer term opportunities to bring them beyond covid a lot of skepticism about the program and they've kind of not managed to break out and show it looks ber than the existing flu vaccines and today was another set of kind of not just terrible news but not great news on it either the first interim look at their phase three trial in the northern hemisphere wasn't good enough and didn't have enough cases to say this is so much better we can stop now they have to keep going with the trial to get the data to be able to get that efficacy look. it does look great on an immune response basis, superiority against influenza a, the most common type, but we are going to have to wait longer to see the phase 3 results adding to some of the skepticism this pro

nasdaq's down, s&p down.eade, former house speaker newt gingrich and former trump campaign manager corey lieu wan dow city. the 10:00 hour of "varney & company" is next. ♪ is there anyone out there 'cuz it's getting harder and harder to breathe ♪ .. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire - this is our premium platinum coverage map and this is consumer cellular's map. - i don't see the difference, do you? - well, that one's purple. - [announcer] get the exact same coverage as the nation's leading carrier. starting at $20. consumer cellular. sara federico: at st. jude, we don't care who cures cancer. we just need to advance the cure. it's a bold initiative to try and bump cure rates all around the world, but we should. it is our commitment. we need to do this. champion iron provides a rare solution to decarbonise the steel indust

dow is up about 100, nasdaq down 90. we'll take you to the opening of wall street on this monday morning, next. ♪ good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. this small thing, is the next big thing in dia this s woah.hing, it shows your glucose, and predicts where it's headed, just like that. it's not magic, it just feels that way. i wanna make you go wow, make you go wow, make you go wow. stuart: mixed market as we head towards the opening bell. the dow is benefiting from all those oil companies which are part of the dow 30. oil companies straight up along with the price of oil, straight up today. nasdaq though down 90. keith fitz-gerald joining us now all right, keith, look. th

bell nasdaq down 55 nasdaq up s&p 500 higher by 13 first quarter, in two kwaeks after first quarter endedgsios showing gain just a fraction it was nasdaq that really outperformed in the first quarter up almost 17% s&p higher 7% for the first quarter of the year joining me right now to weigh in on investing today is miller value partners portfolio manager, john great to see you. thanks so much for being here, this morning, i want your take on macrostory, we got a big week we've got jobs numbers coming out end of the week then not far behind we've got inflation data, next week. on the heels of that disappointing ism manufacturing report how would you access backdrop for investing today? >> we he still have a banking crisis, so, there is a lot of, for fed -- >> and, you know we saw fdic problems you still have have decay at regional banking index kind of trading weak, ism, is weak world tanker saying must be last day for global growth bearishness ramping up but, at the same time, the nasdaq is in a neutral market so you have this you bifurcation in the market you know you have to bears calli

the nasdaq is down 134 lots o

welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square.ng with joe kernen and andrew ross sorkin. if you take a look at what's happening with u.s. equity futures at this hour, you'll see some green with the nasdaq, indicated that it's up by 68 points that's because of stronger

we opened lower and now we are nasdaq is up 55 points.s that a diet drug thing? lauren: they are increasing price targets promising all timers drug. trials are looking promising. stuart: charter communications. lauren: he reported stronger sales, with presidential, stock is up 5%. stuart: the cable company doing well. residents in south florida could see their pay drop. lauren: $11. thousands of workers affected in south florida if they work in major league baseball. florida has living wage ordinance. a contract with the state, you are required to pay more than the $11 minimum wage. i believe it is $15. businesses lobbied against that. they don't think it's fair and lawmakers put a bill forward to repeal the ordinance. new workers in certain industries come down to minimum wage, they would not be required to pay higher wages on minimum wage. stuart: never happen. absolutely not, would never happen. lauren: this is unpopular, inflation, if florida is popular. stuart: this is tech week, the mayor of miami, francis suarez joins me now. miami