new york office. the buy order is telephoned to the floor of the new york stock exchange. it is given to the firm's floor partner who becomes the representative of the buyer in colorado. the floor partner goes to the post where odm stock is traded. the representative, the buyer in colorado bids $10 a share for 100 shares, but at the moment there is no stock offered sale at this price. in the meantime, however, in main and odm stock holder who needs cash decides to sell his 100 shares. if he can get $10 a share. the main broker wires, the sell order to his firm's represented on the floor of the new york stock exchange. this firm's floor partner representing the seller in main offers to sell 100 shares of odms at $10 a share. the price of $10 a share is mutually acceptable, and the transaction is made like the cowboy in colorado. and the fisherman maine. the investors all over the country use the facilities. the brokers who are members of the new york stock exchange whenever they want to, buy or sell stock of companies listed on this national market. yesterday's savings fina

joining me now is the president of the new york stock exchange, lynn martin.e you. >> thanks for having me. maria: i want to get your take on this real optimism underway and whether or not it continues but let's start with your market trends. you say you've got three trends that organizations should watch out for. >> ipos are going to reemerge in 2025. we're incredibly excited about our pipeline. we're excited about what we're seeing with the firms that are already on the road and if you look at the secondary market performance of the ipos that occurred on the new york stock exchange last year, they're up 58% over their ipo prices. maria: wow. >> so that shows the market's open. maria: yeah, yeah. >> particularly with the trends that you just mentioned. maria: to what do you attribute the gain in the secondary space? >> good companies that came to market, companies that were ready to come to market, and demand. when i talked to the long only investor, they have demand for these new companies that are in our pipeline to come to market. maria: it's interesting y

ways to defend themselves and families, through taking this company grab a gun public on new york stock exchange> you take the company public on new york stock exchange, don you obviously, have been an outspoken supporter of second amendment talk about standards about you know, what somebody has to go through, to actually get a gun because the name grab a gun is going to sort of raise eyebrows for some people who want to know that standards are rock-solid in terms of who can be issued the gun, your thoughts? >> well one hundred percent, this is all still done legally, so many miss nomors how guns can be purchased you can't just do it through a mail still go through federal fire arms licensee the difference younger people wins witnessed what has happened younger people getting into the second amount understand the fundamental importance able to protect themselves and frooemdz this is a way for them to shop 2 way for everything else doesn't bypass rules i understand what left does when they talk about, you know, being able to bypass everything no background checks you go through all of that proces

it's the biggest ipo since july right here at the new york stock exchange. a report on that is coming up as well. it takes us to our talk of the tape, new records and what's next for stocks. let's ask the panel. stephanie gild is robin hood's head of investment strategy. cameron dawson, chief investment officer with new edge wealth. aiko yoshioka with the wealth enhancement group. welcome, everybody. it's good to have you with us. all right, cam, you first chopped a lot of wood over the last couple of weeks. now we're on this this swing higher today notwithstanding, how do we feel about the markets. >> we're sitting right near or right at that all time high. we've moved a lot in the last eight days. but i think the important thing to note is that there has been a very pro cyclical risk on tone to this market. look at things like cyclicals outperforming defensives high beta outperforming. that's a very good thing for risk appetite. the thing to watch is there's a little bit of a breadth divergence, meaning that we didn't get that typical kind of breadth thrust

we have lynn martin, ceo of new york stock exchange.ome. >> yes. >> on the other side of the atlantic. here we are together. great to see you. >> great to see you as well. >> i want to know -- you've been talking to all sorts of ceos, all sorts of folks in the last couple days and we keep talk being a vibe shift. >> yeah. >> what is the vibe? what is the biggest take away you've gotten so far out of this? >> a tremendous amount of optimism. >> optimism from u.s. folks or across the board? >> i would say across the board. >> really? >> which has sort of surprised me. i think it's a function of the importance of the u.s. economy in driving the global economy forward. >> the reason i'm surprised is i found that the americans seem to be quite optimistic, a little skittish, but that everybody else is a little bit more skittish and anxious given the prospect of tariffs and the like. >> i think on the tariffs issue, though, i think it's going to be something that this administration, who is a very pro-business administration -- >> first presid

it's telling me he's following the storage on the slide from the new york stock exchange that chris and tell us more about what's driving this decline. the yeah, as well as you mention the revelations about this deep c a i platform that came to light in the last week. have investors really questioning the value of some us stocks. the nasdaq, which is the tech heavy stock market index here in the united states. closed down more than 3 percent. as a result of this news today, the s and p 500 was also a lot lower. and basically, investors are wondering what happened here. basically, under the last administration, president joe biden export bands were put into place to reduce the number of these high tech chips that are being sent overseas in an attempt to keep the u. s. edge in competition when it comes to artificial intelligence. but what happened with this chinese company suggests that maybe those chips aren't as necessary as one spot these uh high tech chips. maybe it won't take as much money or as much energy as initially thought. and so investors are questioning what they've been spen

that's bringing christian salumi at the new york stock exchange for more on this. tell us more about what, what is driving this decline in stocks as well. if you look at the nasdaq stock market index, you will see that it is down more than 3 percent. this is a very tech heavy stock market index and it is suffering, as you said, as a result of that announcement by the chinese start up deep sea, which release this open a i model which reportedly has out performed open a i the pre eminent us research institute model here in the united states and that just a fraction of the cost, according to reports and costs, and less than $6000000.00 to design compared to the billions of dollars being spent here. and that has investors really questioning what they have been putting their money into and whether or not the high powered computer chips that many believe would be necessary in order to develop a i and this a i revolution are actually going to be needed. so we're seeing investors reconsider that now. and in particular, when you look at in video, the chip maker, it's stocks

news. rigetti is the most actively traded stock on the new york stock exchange today. it's up 3% today, 40% this week, almost 14 a share and flattish on the year after a big drop from those jensen wong comments when he questioned when quantum brian would actually arrive. >> well, the four pizzas we had for lunch as a show, not in that novo nordisk study. all right, kelly, thank you. we've got a lot more to do this hour, but let's start here with some news in retail. as one of america's biggest retailers just decided to back away from some dei initiatives. cnbc retail reporter melissa repko is here with more on that melissa. >> so target said today that it's backing away from some major dei programs, including pledges it made after the police involved. >> murder of. >> george floyd and the company's hometown of minneapolis. among its changes, the retailer said it will drop its three year diversity, equity and inclusion goals, no longer participate in external diversity focused surveys like the human rights campaign's corporate equality index, and end, a supplier program

mike santoli right here back at the new york stock exchange. debut today. lng exporter venture global going public right here at the new york stock exchange. it is a first real test of the ipo market at least under the new administration. joining us now is venture global ceo mike sabol. mike nice to have you. congrats. >> great to be here. thank you very much. >> you know, how do you differentiate your company from competitors such as cheniere or freeport, which is a private company in reading the s-1, it seems to be in part the way that you actually manufacture and construct your trains in terms of a different way and perhaps more speed. >> is that correct? >> no. that's correct. we're the first ones ever to shrink the. >> size of the liquefaction. >> train to where we can build it in a factory, and it's originally how my partner and i, bob pender, were thinking about. it is really a dell servers with aws replacing ibm mainframe computing. and that actually was part of the conversation that we had way back with jeff immelt 14 years ago. >> doe

welcome to closing bell i'm scott wapner live from post nine here at the new york stock exchange. this make or break hour begins with the risk and reward of this record setting rally, which is going for yet another milestone today, an all time closing high for the s&p, which is well within reach. in fact, we're basically there. we'll see how this transpires over the final 60. take a look at the majors as we begin the end of regulation. mostly green nasdaq seeing some give back today after its recent torrid pace here. utilities industrials among the better sectors. we are watching the banks too. as president trump addresses davos today and takes a shot at bank of america putting ceo brian moynihan on the defensive. we'll have the very latest. it takes us to our talk of the tape. whether stocks can hit a new closing high and surge even higher from here. let's ask our experts, dan greenhouse, solus alternative asset management's chief strategist loren goodwin is director of portfolio strategy at new york life investments. both are with me at post nine, as you see. welcome. good to se

from the farm to the new york stock exchange, kelly has really lived the american dream. and i'm confident she will work every single day to keep that dream alive for our children, grandchildren and for the generations of georgians and americans to come. mike senator perdue, kelly is an outsider. like ivanka trump, kelly is smart, accomplished and a savvy businesswoman. and like our president, kelly is ready to take on the status quo, the politically correct, and special interests. she knows that washington is fundamentally broken. she knows that we need to drain the swamp. she knows that as our soon-to-be senior senator david perdue said, the road to socialism will not run through georgia. [applause] kelly loeffler will stand with the president. senator perdue and allies in the house and senate to keep america great. she will end this impeachment circus in washington and get congress back to working for the people of our country. she is a woman of faith and conviction who believes without a doubt that life begins with inception. she will champion the pro-life cause in wa

closing bell ringing ] >> that bell marked the end of regulation and consolidated edison in the new york stock exchangen aria activision corporation doing the honors at the nasdaq. the stocks closing out their best session since the day after the election. the bulls breathing a sigh of relief as bulls head in the right direction and banks kickoff on a high note and i'm jon fortt with morgan brennan. >> loretta mester gives

i'm scott wapner, live from the new york stock exchange. we begin with stocks on the move as president trump spend his first full day back in the white house. let's show you the majors with 60 to go in regulation. green everywhere, as you see. no announcement comes of any tariffs just yet, and that's been welcomed by both the bond and the equity markets. yields were down, stocks have been up all day long. take a look there at the ten-year specifically, 450. oracle shares are jumping on news it's planning a venture on ai infrastructure, that announcement from eamon javers coming from the white house. we are also counting down to netflix earnings after the bell, that stock has been on a huge run lately. we'll ask our experts, including a shareholder, how much more it can actually run from here. the talk of the tape, the road ahead for stocks in a new trump administration, let's bring in our panel to discuss. liz young thomas, head of investment strategy at sofi, anastasia amoroso with i capital, at post nine with me. welcome, good to see you.

intercontinental exchange ringing the closing bell at the new york stock exchange. losses as investors keep a close eye on treasury yields and we have the latest signals from the fed. that's the score card on wall street the action is just getting started. welcome to "closing bell: overtime." i'm morgan brennan with jon fortt. >> ahead this hour, how worried should the bulls be about rising bond yields? tom lee out with a new note on that t

from the farm to the new york stock exchange, kelly has really lived the american dream. am confident she'll work every single day to keep that dream alive for our children, grandchildren, and for the generations of georgians i come. like senatoror perdue, like a bunker trunk, kelly is smart, accomplish, and savvy business woman. take on the status quo the politically correct and special interest she knows we need to mn the swamp. she knows as her soon-to-be senior senator david produce says the road through socialism will not run through georgia. [applause] [cheering] kelly loeffler will stand with our president, senator perdue, their allies in the house and senate to keep america great. she will end this impeachment circus in washington and get congress back to working for the people of our country. she is a woman of faith and conviction who believes without a doubt that life begins at conception. she will champion the pro-life calls in washington and stop the radical left abortion on demandd agenda. kelly wants to strengthen our immigration laws and finish the border w

live from the new york stock exchange. i'm jane king. back to thank you, jane. >> well, new this morning, meta is announcing that they are ending their fact checking program with independent 3rd parties. the company said it has decided to end that program because expert fact checkers had their own biases and too much content was being fact checked. they will now instead use a community notes program similar to the model on the platform acts ceo mark zuckerberg acknowledged that the changes are in part sparked by donald trump's presidential election victory. well, mcdonald's is rolling back their diversity goals company is citing a u.s. supreme court ruling that outlawed affirmative action in college admissions. wal-mart john deere harley davidson and others are also rolling back their diversity goals over the same ruling. mcdonald's did say that they will continue to support efforts for a diverse group of workers, but that the diversity team will now be referred to as there global inclusion team. oakland leaders have appointed councilmemb

bond blocks at the new york stock exchange. idia, tesla and bitcoin leading the declines today as stocks close early in the red and bond yields move higher. that's the score card on wall street. welcome to "closing bell: overtime." i'm jon fortt with morgan brennan. >> a rare interview with the ceo

jane king live the new york stock exchange with those stories and more happy new year to >> i remain happy new year to you, too. yes, dry january has become more of a thing in recent years as >> people sean alcohol to try to kind of recover from the excesses of the holidays. >> well, the alcohol industry figured out a way to adapt to the sober season by making non-alcoholic beverages and they're all so many apps to help with right january, including tried dry. i am sober and drinkers helper, which matches you with group of people who are also doing dry january offer support the ceo with ex linda yaccarino said in 2025, x will connect users in ways never thought possible. the announcement was short on details but it appears users may be able to make money from maybe even send and get money from people as well. so we'll wait on the details on 21 states increase their minimum wage on january first, including california. california's minimum wage will increase to 16 50 an hour and some cities in the state will have an even larger race. the map and despite a tough final stretch, the s and

how many public chinese companies listed on the nasdaq and the new york stock exchange have the secret golden share, what is this i don't think that's legal it is not disclosed if you're buying stock in the company's a lot of american shareholders in the bytedance deal i don't know if they knew about the golden share but there ain't no deal until the guy with the golden share the size he wants to sell. i think you're going to hear a lot of noise about this, i noticed a post from lindsey graham freaking out about this and he wants to make sure he's going to put a bill out. >> we have to leave it there, the golden share and it ain't willy wonka, thank you so much my friend, liz claman happy inauguration day. >> we have exclusive reporting on foxbusiness.com about republican senators who are very serious about keeping tiktok band unless they sell it maybe you and frank, check that out, breaking news president donald j truck enjoying lunch right now on capitol hill at this moment, you are looking live inside of capital one arena and washington, d.c. fbi nominee kash patel is speaking right

if joining me now, new york stock exchange trader peter tuchman and pro shares global investment strategist simeon hyman. simeon, you're going with rational exuberance. what does that look like, and why aren't you joining the defensive line? >> we're going with rational exuberance for one very important reason, there's a lot less debt on the balance sheets of the s&p 500 than there was 20 the years ago. about a quarter of the level of debt. but what that means is not just a little bit less risk. people look at things like return on earnings, and they say they're kind of where they usually are and, therefore, they can't support these higher valuations. but if you achieving those return on earnings with one quarter of the debt, that means the underlying return on assets are four times as big as they were 20 years -- liz: so what's your allocation this year to stocks? >> you've got to be overweight u.s. equities. and that has to be funded from fixed income because you have three problems, the inflation problem on the long end because now powell said we're not getting to 2%. so i think you'll s

we're live from post nine at the new york stock exchange. this make or break hour begins with stocks on pace to finish a strong week with a flourish. healthy bank earnings and softer inflation readings have revived risk appetites after more than a month of anxious churn. here's a look at the scorecard with 60 minutes to go in regulation. the s&p 500 is trying for its first close above the 6,000 mark so far this year. right at that level right now. think it was december 26th was the last time it closed above. unlike yesterday when weakness in big tech obscured some underlying strength in the majority of stocks. the mega cap favorites are doing their part to lift the nasdaq composite today by about a percent and a half. the ten-year treasury yield is little changed on the day, but down substantially from about 4.80 to 4.6 in three days or so since that softer core cpi report. that takes us to our talk of the tape. does this week's strong bid in stocks and bonds have the bulls back in charge, and what should wall street expect in the early days

says that's because the sellers want to spend one more holiday in the home live from the new york stock exchangene king i >> well, 7.19, is the time we have some breaking news this morning. the u.s. supreme court has just announced its upholding the law banning tiktok beginning sunday. if it's not sold by its chinese parent company. meanwhile, president joe biden says he will not enforce a ban on the social media app that's set to take effect today before he apleaves office on monday. a u.s. official said thursday that leaving its fate in the hands of president elect donald trump is what they're going to do congress last year in a law signed by president biden require that tiktok china-based parent company bytedance divest the company by january 19th the day before the presidential inauguration. incoming president trump who once called to ban the app has since pledged to keep it available in the u.s. through his transition team, though his transition team hasn't said how they intend to accomplish that. all right, now to the latest on the wildfires burning in southern california this morning. cre

. >> and you are looking live at the big board at the new york stock exchange. n see we're up about 154 points. another update on how the markets are doing next. >> plus downtown san francisco kicking off the new year with another party. and yes, there will be a pet fashion show. why wouldn't there be? >> but first, here's drew. >> of course we love that. it's going to be a nice evening across the area. live. look outside from santa cruz this morning as the sun slowly gets up here. it's going to be a warm afternoon. today is the warmest day of the week, so get outside. enjoy the mild air. this morning we are starting out with temperatures mainly in the 40s. we'll get you into the upper 50s close to lunchtime live doppler seven along with satellite. quiet right now, but our next storm system will move through here tomorrow morning, so enjoy the dry sunshine today. mid and upper 60s for daytime highs, but we bring back the storm impact scale tomorrow. we are tracking friday morning showers. it's a level one. rainfall will be less than a half of an inch. and as you

jane king is live new york stock exchange with those stories and more. hi, jane. >> darya good morning. so after a post-pandemic surge in 2021, 2022. >> natural diamond prices are down 8% and the lab created diamonds are down. 75%. this quarter diamond industry analysts. spoke to the wall street journal the time in prices are declining because the cost of making them keeps going down. and then there's weak demand for declining natural diamond prices. and that's leaving the diamond buyers to buy bigger stones. americans are tipping less than they have in years. wall street journal says frustration with rising menu prices to prom seemingly everywhere have led to a six-year low. the average tip is now 19.3% chick-fil-a choosing limon squeezing robots and they've cut 10,000 labor hours a day. the machines work at the warehouse is an ace in the lemon juice to the restaurants where the staff at sugar and water and makes their very popular lemonade. the company's been increasing investment in technology and automation. and about 45% of 30 billion of sales are n

. >> and let's get a live look at the big board at the new york stock exchange. w the markets are doing coming up next. >> and we are live in altadena, where our abc news family is coming together to help people who have lost their homes. gma's socal strong effort. how you can help in the recovery. but first, here's drew. >> hey there, 639 this morning and we are seeing a return of some low cloud cover, some fog this morning. our marine layer has been pretty absent all week, but that's different this morning. areas in the north bay we have low visibility down to zero miles in novato. we're seeing some lower visibility around the east bay shoreline. hayward down to a quarter of a mile. visibility and some clouds along the coast this morning talking about the coast. we will stay pretty cloudy all day long. not as bright as we have been the past couple of days. could even have a little bit of drizzle underneath that fog layer today. daytime highs low 50s. that's about it. that will feel a lot cooler than yesterday around the bay shoreline. we have patchy fog this mor

new york stock exchange. sdaq and the jobs number, surging inflation expect haitians, sending yields higher. stocks tumbling to end the week. back to scorecard on wall street. i am john fort with morgan bennett. >> we have a great lineup to help you navigate the selloff and the impacts on your money, including mohammed l rian from alianza and david service from jeffries, bob elliott from

and now we take a live look at the new york stock exchange.ading gets underway this morning, you can see that we're up about 151 points. >> three day passes to bottle rock go on sale this morning. just yesterday we learned bay area punk rock band green day, justin timberlake and noel kahn will be headlining the festival. ice cube, flo-rida and actress kate hudson are among the other 78 acts set to appear. bottlerock runs may 23rd to the 25th. here's a cost breakdown for general admission. one day passes that's $233. three day pass 456 for vip. single day passes are $598. three day passes. don't even worry about that because they're sold out. layaway plan starts at $100 for three day tickets. so people are rich. rich? yeah. and they they're done. they're ready. yeah. >> i feel like the last time i heard layaway was at kmart shopping for back to school clothing. yeah, with my family. >> do they have the blue light special still? they did. >> yeah. yeah. so we get our back to school clothes in, like, june. yeah. couldn't touch them till september

jane king is live at the new york stock exchange with those stories and as jane. >> highs are you? good morning us. natural disasters are increasingly threatening older americans, financial stability in their savings. many older adults biggest financial assets are fully paid off homes. but wise in cost to rebuild insurance issues. disasters are grayling some of these plants. you know, since 1980, more than 400 weather and climate events in the u.s. it exceeded 1 billion in damages. when adjusted for inflation. that's going to the national centers for environmental information. well, the fda approved a setback to reduce the risk of serious complications of people who have both type 2 diabetes and chronic kidney disease type. 2 diabetes is a leading cause of chronic kidney disease. the fda based its decision to expand the approved use of those on research that showed when people with type 2 diabetes and chronic kidney disease, drive and a 24% lower likelihood of experiencing a complication. and a new study has found a 3rd of americans plan out what to spend their tax refund on a half

jane king is live at the new york stock exchange with those stories and more.e and hide are good morning. so we do expect these higher air fares, at least for the 1st half of this year. hopper says. >> theres right now are 12% higher. then in january of 2024, on still strong demand for flights projects prices will be 19% higher in may and 12% higher in when more and more credit card holders are just making the minimum monthly payments. it's a sign of increasing consumer stress. the federal reserve says the sheriff card holders that are delinquent is also on the rise bank of america's top executives shared an optimistic picture of the economy under the second trump administration. brian moynihan, the ceo, says the expected tax changes and lighter regulations will make the u.s. a good place to invest over the next few years. and a new survey found california residents like their pizza with pepperoni. this is the most popular type of pizza. the state also one in 7 americans have been eating piece of the exact same way for 5 years. tabasco brand a talker research 5

take trips alone, women's at the time for independent adventures on the rise live from the new york stock exchange. i'm jane king back to sounds like it's time for a thinks joyce, a >> well, a few hours from now, congress will begin its new year and they're already talk of gridlock. speaker mike johnson wants to remain speaker, but might not have enough votes to hold on to the gavel. washington correspondent some lot joins us with the latest. republicans have a lofty agenda. they want to address things like immigration, taxes and cut spending. >> speaker mike johnson wants to remain the speaker. he wants to be re-elected in this new congress and he's been on the phone and meeting with holdouts trying to convince republicans that he deserves their vote line. republicans are forecast to enter the new congress with 219 seats in the house. democrats will have 215 meeting if speaker mike johnson wants to hold on to the gavel, he can likely only lose one republican unified and was done to kentucky republican congressman thomas massie tweeted his opposition adding, quote. >> we've seen johnson partner wi

now we take a live look at the new york stock exchange as trading gets underway. up right now about 109 points. >> rolling stone is out with its list of the 250 greatest albums of the 21st century so far. and almost surprisingly, this artist. unsurprisingly, this artist took the top spot. okay okay okay okay okay okay okay, ladies. >> now let's get in formation. >> beyoncÉ's 2016 album lemonade sits at the top of the rolling stones list. the magazine says the album bests bests all her albums in storytelling, revelation and cultural resonance. it also said lemonade solidified beyoncÉ's status among the best musicians of all time. here are the other albums that round up the top five. kid a by radiohead. blond by frank ocean. stankonia by outkast. and folklore by taylor swift. >> okay, let's get into this. because while i absolutely respect lemonade, i don't. for me, that is not her best album. i always go back to beyonce. the self-titled album, right? pretty hurts, partition. >> o mine. yeah, xo back and frank ocean is on that super power. that's true. i don't know.

some bad from the new york stock exchange. i'm jane king. back to business. how much going to be really helpful if 71 to do right now. still ahead on the kron 4 morning news. >> a crackdown in the south bay on unhoused people who park rv's along the streets. we're t pete g. writes, "my tween wants a new phone. how do i not break the bank?" we got you, pete. xfinity mobile was designed to save you money and gives you access to wifi speeds up to a gig. so you get high speeds for low prices. better than getting low speeds for high prices. right, bruce? -jealous? yeah, look at that. -honestly. someone get a helmet on this guy. xfinity internet customers, ask how to get an unlimited line free for a year, plus a free 5g phone. >> 7.24 is the time right now. and within the half 702, i remember this because you are reading a story. there was earthquake and i felt in the studio. i life but others did. and in fact, joining on the phone right now is just in from the sunset in san francisco. justin, good morning. >> hi, good morning. good morning, james and darya. yes, i

. >> you are looking live at the big board at the new york stock exchange.an see we're up about 200 points. another update on how the markets are doing next. >> bye bye baby showers. the new parties family and friends are throwing for expecting parents. first here's drew. >> all right. 640 this morning we're taking a look at our network of cameras. you can see our camera is shaking this morning as we track those gusty winds. with our wind advisory. right now in concord, we have winds gusting close to 30mph. clear skies out there. a current temperature of 56 degrees. looking lovely as that sun gets up here. totally clear. we are fog free, but winds will be an issue all day today we could see some isolated trees come down, even some isolated power outages. with the winds this morning, temperatures are elevated, mainly starting out in the 50s. right now it's a sunny and mild afternoon. with those winds continuing, we'll get those temperatures into the mid and upper 60s. much of the country, though is dealing with an arctic blast. look at all this cold air that

live from the new york stock exchange. i'm gould. i love that.id the report all that because that's what you do it for free. absolutely got to take some with you that night. thank you, jay. thank you. >> 7.18 is the time. another business news. there's shakeup happening at meta last week. the mental part based company announced they were going to be getting rid of fact checking. and now bloomberg is reporting the ceo mark zuckerberg plans on cutting 5% of his workforce, which is roughly 3600 people. zuckerberg says he made this decision in order to cut what he considered to be low performers. mark zuckerberg, the ceo believes they have to work more quickly to weed out what he's calling loper former. so >> getting much more aggressive in the means by which they do. these performance-bastd reviews. and i think that's a trend we may see more of in silicon valley. >> some people believe the real motive behind these moves is for companies to focus more on artificial intelligence we have reached out to meta will let you know when we hear back 7.19, rig

that include course both the instagram and facebook live from the new york stock exchange.e king. back to you fast. okay. thank you, >> thank you. 7.20 right now. fire crews are making good progress now on the 2 biggest and deadliest and most destructive fires in southern california. the palisades fire. it's 77 percent contained. now it's burned more than 23,000 acres and thousands of homes and the eaton fire is 95% contained. it has scorched more than 14,000 acres and also so many homes and taken so many lives and there and there's a new fire. the newest one, which is the hughes fire just broke out couple days ago. it's north of santa clarita. it's 56% contained has burned 10,000 acres and it started around 10, 30 wednesday morning. thankfully, no homes have been damaged, but more than 30,000 people have been evacuated. happening today, president trump is going to see for himself the state of california and the wildfires you set to tour the areas that have been devastated by the fires in la county. and this comes the visit after he repeatedly criticized california is handl

jane king is live at the new york stock exchange with those stories and more. hi, jane. >> hi, good morning to so the stock market faces its first real test of the year this week that we get the monthly jobs report on friday. we'll get a bunch of smaller job reports leading up to that. but we expected to show a stable economy, not overheating or anything. this is something investors look at very closely in the federal reserve looks at very closely as well when they make decisions about interest rates. well, companies that make alcoholic beverages traded sharply lower after the surgeon general called for those products to carry warnings about cancer risks. shares of anheuser-busch in parent company of budweiser corona down more than 2% which produces hard liquor brands like johnnie walker and smirnoff down more than 4% and prices for breakfast foods have shot up recently and they're unlikely to cool down any time soon. recently, coffee cocoa prices have hit all-time highs, even orange juice has been hovering near record highs as well as court has been dealing wi

and then the mediterranean live from the new york stock exchange. i'm it, james. all right, jane, thank you very much. >> time now, 7.17, and happening right now, operation sierra storm, the national weather service conference that's going on in lake tahoe. yes, it's an event that looks at some of the latest weather and climate trends. also, some of the latest technology being employed to help forecast better. >> yesterday we talked with kron 4 meteorologist gayle ong give us wonderful preview of the conference. well, we've got day one in the books. gayle, good morning. what did you see? >> good we so much time here live at edgewood resort and look behind me. the sun is out. you can see the lake. there is no cap now. it's just a beautiful. it is that in the teens, i think at last check of 18 degrees or 20 degrees down. so it is cold. you know, one thing i had to use haven't in a while as the ice scraper heading out here to look at with the car. >> yeah, it's been nice out here during day is sunny. and we learned we has had a budget presentations yesterday. some of

a lot of wind being very easy to remember live from the new york stock exchange. i'm jane king. you. we're lucky >> police in palo alto are investigating a robbery and assault. that happened on a hiking trail in the bay. lynn's nature preserve man was riding his bike on monday morning on the adobe creek loop trail when another man tackled him, stole his pants, his wallet, his bike and took off. all we know about the u.s. hackers. he's in his early 20's and is wearing a black sweatshirt. white shorts. if you saw anything as that authorities could use, they'd like to hear from you. the alameda county narcotics task force has arrested 4 people in a major drug bust that happened in east oakland and you can see what they seized. 28 kilograms of fentanyl and $155,000 in cash. it was all part of a drug trafficking operation. they busted 3 men and one woman were arrested. >> 7.19, the time happening this morning at 10, 30, the family of a woman killed at the powell street. bart station will announce a major lawsuit against bart. the victim identified as 74 year-old kerr is own don don o

and california had mixed results in the latest business jane king standing by live at the new york stock exchange to explain it. james, good morning. so this is done by site selection magazine and they serve a corporate executives about. >> the best places to start or relocate. a business. now when asked to name the state where they felt had the worst business climate half said california. >> next highest was new jersey. however, san diego did rank high for cities to relocate a business when asked to name the biggest workforce challenges of the coming decade site selectors said labor shortages are number one, followed by affordable housing upskilling child care and lack of soft skills. well, hiring platform revealed one in 5 job listing says fake or not filled by the job posters. greenhouse says these are called ghost jobs and from the construction industry had the largest percentage of these ghost jobs. 38 1% of jobs in that industry were ghost jobs. now companies post seas for a variety of reasons. sometimes look like they're growing and hiring when they're really not for some companies, just l

. >> and you are looking live at the big board at the new york stock exchange. update on how the markets are doing next. >> and free diapers. the initiative. governor newsom just proposed to give out diapers to families with newborns, regardless of income. but first, here's drew. >> hey, reggie. time now, 640 this morning and we are seeing another beautiful sunrise out there. this is a live look from our tam cam this morning with those clear skies. it is cold this morning. frost advisories posted until 9 a.m. this morning for temperatures. a lot of us beginning in the 30s. later on this afternoon, we rebound real nicely into the 60s. we go with full sunshine. we'll break it down region by region, hour by hour. this morning we'll begin along the coast where temperatures are mainly in the 40s. right now. we'll go into the upper 50s later on today around the bay shoreline. even warmer than that. it is cold this morning. upper 30s, lower 40s right now. we'll close in on 60 degrees close to 11 a.m, and then we'll max out in the mid, if not upper 60s later on this aft

sales also decreased, but winds fall has been super live from the new york stock exchange. i'm jane king back to thank you, jane. >> 7.18 is the time now. president trump has wasted no time now to kick off his second term. yeah. he signed a flurry of executive orders yesterday and pardons right after taking the oath of office. our dc correspondent maddie beer-temple has more. >> on his first day in office, president trump signed more than 200 executive actions and orders. one of them keeps tiktok online temporarily. and another pardons, january 6th, rioters. >> with the stroke of the pen, this event, president donald trump pardoned about 1500 people charged in the attack on the capitol for years ago. we hope they come out tonight. he also ordered the attorney general not to enforce a ban on tiktok. the chinese own video sharing app for 75 days because he's got tremendous value. the executive actions were just some of those signed at the white house monday night. others he signed in front of a crowd at capital one arena to stop new regulations, direct federal workers back to

and now we take a live look at the new york stock exchange.p, but just barely about 24 points. >> the rags to rhinestones musical, based on the life of dolly parton, will premiere in nashville this summer before it heads to broadway next year. it's called dolly, an original musical. three different actors will portray parton at different stages of life. in the show, parton promises a strong country flavor for the music, with some nods to new york theater traditions. she said she's always wanted to do her life story as a musical, and wanted it done while she was still around to oversee it and make sure it's done properly. >> we need her vision. >> we do? yes. >> the name. it's very. simple. okay. you know, dolly. >> gets the point across. >> yeah, yeah, it says. you know. >> it's not. hello, dolly, it's dolly. >> dolly? yeah. and i looked it up. i was curious about this. they had a casting call, and there's all these fun videos on the website that you could see all these people dressed up as her who were trying out. it's so much fun. >> i have

the new york stock exchange this morning. we are up about 295 points.ll get another update in a couple of minutes. >> it's a big day for kristin hughes, czech fashion designer and wife of 40 niner kyle hughes. how she is taking advantage of her big break. but first, here's drew. >> hey, amanda. 640 this morning. rain is back in the forecast. right now napa currently light rain falling 50 degrees. and this is not an all day affair. it's actually dry and sunny later this afternoon. but this morning we are dealing with some slick roads out there. here's live doppler seven along with satellite. the front is moving on shore right now. rain here locally. snow will start to develop in the sierra later on this morning into the afternoon. that is when the bulk of the snow will fall. so winter storm warning kicks in here at 7 a.m. we're looking at 6 to 10in of snow above 5500ft. our highest peaks could see 15in of snow. so do anticipate chain controls going into effect later on this afternoon. that could slow your travel times to tahoe. back here at home a live l

now we take a live look at what's happening at the new york stock exchange as trading gets underway this, we are up more than 300 points. new at 6:00 as tiktok's future remains uncertain, x launched its own vertical video tab for u.s. users. x users can already scroll through videos by tapping on video posts on their timeline and swiping up or down, but this new update will offer a tab specifically for video scrolling. >> are you looking for a job? do you like to travel and have an appetite for adventure? if you answered yes to these questions, planters has the job for you. the company is looking for drivers of their 26 foot peanut on wheels, the nutmobile. the job offers people a chance to represent planters at parades, grand openings and other community events across the country. it pays $45,000 for one year. applications are open now. if you are interested, you have to submit a resume and a short video explaining why you would make the perfect peanut butter. the deadline is valentine's day, february 14th. >> the perfect peanut butter peanut. or i would say that's something we should n

and now we take a live look at the new york stock exchange as trading gets underway.re starting off down this morning about 145 points. >> coca cola is coming to. costco. costco food court lovers. the company confirms it is swapping out pepsi products, so you'll be able to have coke with your $1.50 hot dog. the warehouse chain said last week in a shareholders meeting. their food court is making the switch back to coke. they changed to pepsi in 2013 to save some money. the company says next summer you'll start seeing coke products at the food court. fountains. >> okay. i like diet coke, so that's good news. >> nothing like an ice. >> do you get sad if you saw only diet pepsi? >> i do. i don't like diet pepsi too much. all right. >> this is your thing then? >> what about you all? >> i stopped drinking soda in high school. isn't that weird? >> that's not weird. that's actually admirable, because. >> i'm amazed that my dentist had that much power over my mind. my dentist was like, this is really bad for your teeth, and it's bad for your body. stop drinking it. and i actua

the floor of the senate and the floor of the house should not be like the new york stock exchange. there's progress to make if we're talking to each and not drowning in retaliation. >> that's a great note to conclude on. thanks for joining us. >> thanks for having me. [ [applause] >> thisorning president trump's pick for secretary, douglas collins, will appear on tol hill for his confirmation hearing. mr. collins is an air force veteran who served as a congn for georgia from 2013-2021, you cch the senate veterans affairs committee 10 a.m. eastern on c-span, c-span now our free mobile app or online at c-span.org. >> c-span now is a free mobile app giving awe unfiltered view what's happening live in washington. keep up with the day's events with live streams from the floors of congress, white house events, the courts, campaigns and more from the world of politics, all at your fingertips. you can also stay current with the latest episodes of washington journal and scheduling information for c-span's tv networks and radio plus a variety of compelling podcasts. c-span now is available a