hi, i'm ozwald. hello ozwald. give it up for pam., you are a rock- [silence] i wasn't going to say it. ♪♪ you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. at morgan stanley, old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hea

hi, i'm ozwald. hello ozwald.ade's easy-to-use tools make complex trading less complicated custom scans help you find new trading opportunities while an earnings tool helps you plan your trades and stay on top of the market 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. >>> the next five years you have $2.5 trillion of debt coming due. there's a trillion of debt coming due on commercial real estate properties and the majority of that is owned by who? >> regional banks. >> there's a problem with commercial real estate, particularly office. office is the new retail. it's the new problem within commercial real estate. >> that was marathon asset management's chairman and ceo bruce richards with us earlier. runs $23 billion hedge fund, big player in credit. commercial real estate the next shoe to drop. real estate sector, the reits down 3% since monday and

hi, i'm ozwald. hello ozwald.u are a rock- i wasn't going to say it. ♪♪ >>> we return to this surprise update in the battle of florida governor ron desantis versus disney, and that is the focus of today's "tech check" with jewel gentleman boorstin >> reporter: score one for disney this win in the ongoing battle between disney and florida governor ron desantis. now this new oversight board the governor installed to oversee disney's district accused the previous disney-controlled board of transferring much of the board's power back to disney, back in february that includes veto powers over improvements or changes in the parks. now this is something the new board that ron desantis controls just discovered. disney sharing a statement with us saying, quote, all agreements signed between disney and the district were appropriate and discussed and approved in open notice public forums in compliance in the sunshine law they just discovered this recently even though it was signed back in february. desantis' office saying, q

hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ >>> welcome back global stocks have outperformed the s&p 500 to start this year but this morning citigroup says that run is over double upgrading u.s. equities while cutting europe to neutral. seema mody with the action we see overseas heading into the european close. >> european financials faring a lot better than u.s. banks in the past month despite news of credit suisse and deutsche bank and that has allowed european stock indices to outperform most global markets, including the s&p up around 6% the rally led by france and germany with double digit percentage point gains due in part to reduce concerns around an energy shortage and optimism around a china recovery. a gauge used to measure activity in china, services sector hitting the highest in more than a decade that came out this morning that along with the restructuring of two chinese tech giants, all alibaba and jd. the shanghai composite up around 6% citi, downgrading europe, w

hi, i'm ozwald. hello ozwald.am, you are a rock- i wasn't going to say it. ♪♪ >>> here's your cnbc news update the leaders of russia and china are meeting right now in moscow. vladimir putin welcomed xi jinping to the kremlin with both men calling each other a dear friend putin told xi that russia has looked at and respects china's proposals to end the ukraine conflict and is ready to discuss them >>> united nations' secretary-general antonio gutteres says the world needs climate action on all fronts everything, all at once, his words. as a new u.n. report s, and he urged rich nations to stop using coal, oil and gas by 2040. >>> well, spring is here snow is still falling in the california sierras. more than 8 feet of snow is piled up in lake tahoe one resident said the snow is absolutely needed in this area that's been struggling with drought. think about the ski runs up there and how incredible that is but what a mess to deal with if you live there sara >> absolutely. first day of spring as well. thank you, conte

hi, i'm ozwald. hello ozwald.'t going to say it. ♪♪ >>> ahead of tomorrow's jobs report, let's take a closer look at the restaurant industry leisure and hospitality services have been leading the charge january's unemployment gains, up by 128,000 in the sector inflation is driving up pay for restaurant workers, which has brought them back to the industry in record numbers joining us now, union square hospitality founder and executive chairman, danny meyer. good to see you. >> good to see you >> how is the labor market situation for you? you joined us a number of times over the past year saying it's so hard to find workers. >> it is exactly a year ago today, without any question, the biggest thing you would hear from any of us in our industry was, why is the great resignation hitting our industry harder than anyone else? here we are a year later and there's a lot of reasons for it, but a year later, i think the hospitality industry is leading the league in terms of hiring people. >> so, workers are coming back >> w

hi, i'm ozwald. hello ozwald. you are a rock- i wasn't going to say it. ♪♪ your brother has landed in the dark lands. they're under bowser's control. [ screaming ] hang on, luigi. [ ominous music playing ] [ screaming ] yes! fire! [ chuckling ] >>> the monster move this year in megacap tech continues today. but joined by a bunch of other names, first republic and micron are adleing the s&p. only six names on the ndx are red and the dow is up 255. stock trading with jim is next bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. >>> let's get to jim and stock trading. >> you see the overvaluation in this red hot market. i come back to petroleum, sells at six times erarnings. so we have to distinguish between the part of the market that's been left behind and the nvidia part. you have a barbell situation where good excitement in tech and meta too and a lot of companies with

hi, i'm ozwald. hello ozwald.-4376. we'll send you our exclusive bond guide, free. with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-376-4376. that's 1-800-376-4376. >>> i'm so thankful to all of you and the 7,000 tiktok employees in in the u.s. helping us build this incredible community in america and around the world. this comes at a pivotal moment for us. some politicians have started talking about banning tiktok. this could take tiktok away from 170 million of you. i'll be testifying this week to share all we're doing to help americans on the app and to inspire creativity and bring joy. >> that was the ceo of tiktok set to testify tomorrow as critics are calling for the u.s. to ban the ap

hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ mom: hey!essary. dad: approved! >>> a good start today for the regional banks. they are moderating their gains. to bob pisani with what is moving. >> what we need here is some other things to start moving. regional banks and tech has been the story in march. take a look, they're all moving up. silicon valley bank dmeel hopes that -- deal in hopes that will calm down. we have to get some of the cyclical stocks going. it's been a nothing month here. all of the big cyclicals, caterpillar, dow, 3m, boeing, they're all down. it's been about tech holding the market up. we've talked about this repeatedly. some of the stuff that's moved, all is flat to slightly down. i want to point out how big cap tech has carried the s&p 500 this morning. apple up 9%, netflix, sorry, nvidia, microsoft, apple, microsoft, nvidia, 50% of the tech index right now. 50%. think about that. salesforce has been strong, cisco strong. if you look at the equal weight s&p 500 tech it's up about 6%. excuse me. the market cap weigh

hi, i'm ozwald. hello ozwald.s are suing 3m claiming combat ear plugs the company made for members of the armed forces were defective and caused hearing loss. the stock the biggest laggard on the dow this year and one wall street analyst says there could be more pain ahead with liabilities costing billions in the future. let's bring in seema moody who has been digging into this story. one that we followed for some time but you've done a lot of reporting here. >> wall street is clearly concerned, david. 3m has lost 10 of the 16 cases that have gone to trial with a total of $265 million awarded to 13 plaintiffs. at this rate jpmorgan says the liability risk could be in the billions. >> if you do the math on the number of plaintiffs, which is north of 200 to 1,000, and you take the average settlement value of the simple math on that, gets you well north of 10 to $20 billion. >> now the combat earplug lawsuits have been consolidated in florida's federal court making it the largest in history. 3m is not settling its to

hi, i'm ozwald. hello ozwald. give it up for pam. [silence] i wasn't going to say it. ♪♪ >>> welcome back to "squawk on the street." i'm dominic chu. retail sectors is on the downside, because of google, apple, microsoft, amazon and nvidia showing solid gains on the day. keep an eye on mega cap tech one of the bigger upside movers, philip morris on the heels of an upgrade by jpmorgan. they like the heat but not turn tobacco. up 2.5%. one of the biggest laggards, schwab downgraded by morgan stanley to a neutral rating. some uerin inctatyn deposits a factor there keep an eye on charles schwab shares keep it right here we have more "squawk on the street" coming up after this break. >>> good thursday morning. i'm sara eisen with carl quintanilla. setting today's agenda jeff solomon, his warning on the remaining risk in the banking system. >>> the call everyone is talking about the street needham's laura martin on why it makes sense for apple to buy disney. >>> later an exclusive interview with

hi, i'm ozwald. hello ozwald. give it up for pam.a rock- [silence] i wasn't going to say it. ♪♪ all across the country, people are working hard to build a better future. so we're hard at work, helping them achieve financial freedom. we're providing greater access to investing, with low-cost options to help maximize savings. from the plains to the coasts, we help americans invest for their future. and help communities thrive. >>> welcome back to "squawk on the street" our next guest said the collapse of svb has highlig fragility of the banking system. good to see you, roger fragility. is that -- talk to me about how you've come to that word >> well, let's step back what's the message of these events around svb, credit suisse, and so forth and it's a message i think of fragility. the world financial system, unfortunately, is fragile and it's fragile because we live in an age of global digital finance, where someone in a remote part of the world can swipe her phone and move money instantaneously out of an institution. and we live in a w

hi, i'm ozwald. hello ozwald.am, you are a rock- i wasn't going to say it. ♪♪ doors can take us to new adventures and long-term goals. your dedicated fidelity advisor can help you open those doors. by helping you create a comprehensive wealth plan, with the right balance of risk and reward. doors were meant to be opened. as a business owner, your bottom line isce always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >>> u.s. chamber of commerce has a new report out calling on lawmakers to regulate artificial intelligence, jim, as this is happening way faster than many people expected. >> i don't think they would k

hi, i'm ozwald. hello ozwald., you are a rock- i wasn't going to say it. ♪♪ fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com >>> disney has exited the metaverse, according to the journal today the company has eliminated its next generation story telling and consumer intelligence unit which was responsible for developing metaverse strategies. the division had about 50 members but the cuts are part of disney's larger plan reducing head count by 7,000. iger's memo said there will be more coming up this summer. >> i thought this was a big deal, kpex wanted this deal wi

hi, i'm ozwald. hello ozwald. to say it. ♪♪ >>> good monday morning. welcome to another hour of "squawk on the street. i'm sara eisen here with david faber and mike santoli live from post nine at the new york stock exchange carl has the morning off take a look at stocks. s&p 500 up about 0.4% and the dow is higher by 340 points, about a percentage the nasdaq lagging kind of the opposite of what we saw last week where it was tech stocks working, banks under pressure. right now financials are the top performing sector on the s&p we're 30 minutes into the trading session. three big movers we are watching and there's a theme here s&p cutting first republic's credit rating to b-plus warning another downgrade is possible this morning shares hitting fresh lows down 13.2%. a subsidiary of new york bank corp has reached a deal with regulators to buy deposits and loans from signature bank closed a week ago subsidiary flag star bank will buy loans at a discount of $2.7 billion. shares of nycb are surging this morning. finall

hi, i'm ozwald. hello ozwald.ocks are mostly lower at this hour and we're keeping our eye on movement within the energy sector the worst performing group. occidental petroleum a relative outperformer as berkshire hathaway boosts its stake yet again, disclosing it bought nearly 8 million shares of the stock this week. that stock is about 0.4% higher right now. exand conoco phillips are lower and the sector remains in negative territory over the past week as oil trades near its lowest level since december 2021 carl, back to you. >> thanks so much. what day for energy today. still to come this morning, a look at one key indicator of credit stress for the banks. seeing some big gains this week. we'll talk about that. overall it's kind of an inside day. haven't gotten to yesterday's intraday high or low sara is watching the euro in the wake of ecb dollar index is lower. >> yeah. there is a risky move. considered a risky move she raised 50 basis points the euro is stronger and a weaker dollar on the higher yields and eq

hi, i'm ozwald. hello ozwald.u are a rock- i wasn't going to say it. ♪♪ everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network. only from xfinity. the future starts now. >>> let's get to another busy day here of retail reports we're going to be digging through. we'll start with shares of costco, you can see, they may be down as much as 2% it did report what is a revenue miss in its fiscal second quarter. of course, scott, you were talking earlier about tradedowns we heard from rodney mcmullen yesterday in the 11:00 hour of "squawk on the street," talking about a perhaps weaker consumer. really started with walmart having a good quarter but in a sense also remarking quite a few times

hi, i'm ozwald. hello ozwald. to say it. ♪♪ ♪ ♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. >>> experts say we're at a pivotal point to make strides and fixing drug shortages after the pandemic brought two decade of issues to bring manufacturing back to the united states and improving transparency in the supply chain what are governments and companies doing to try to solve the problem? here is meg tirrell. >> at the height of the pandemic, governments across the world were accused of banning exports of critical medicines and vaccines now vaccine maker moderna is striking partnerships with governments to build locally they have been announced in the uk, canada and australia >> this means the countries can have the capability to deal with any future pandemic and independent manufacturing ability. >> reporter: a playbook some experts are urging the u.s. to follow for vaccines and older medicines increasingly falling

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hi, i'm ozwald. hello ozwald.nks. rick santelli standing by at the cme. what are the numbers today? >> february preliminaries. they'll change in a couple weeks. the durable goods numbers really volatile. expecting up 0.2% and we're at the lowest since april of 2020. if we slip out transportation, it does improve. it moves up to unchanged. we're expected up and if we look at capital goods, a proxy for capital spending, it was expected to be down 0.2, that was a bright spot to some degree, came up better than expected. so we finished up last year up 0.2. finally, if you look at shipments versus orders, they were also unchanged, which matches transportation but unchanged was 0.2 less than expectations. we're getting some subtle revisions across the boards. minus 4.5, all the way down to minus 5 and transportation up 0.8. why am i spending so much time on that revision? the numbers weren't good on the surface and when you take into account that number was downgraded, that adds into the notion. we all know that this qu

hi, i'm ozwald. hello ozwald. give it up for pam. bit of deposit territory. right now a mixed picture. you have the dow futuresçó up b 30çó points. s&p 500 futures up by close to five points. the nasdaq down by 2 points. >>> tiktok's ceo will be testifying before congress. this will happen tomorrow in prepared remarks. the ceo pledging now to keep safety for teenagers as ai] top safety for teenagers as ai] top priority. the platform has &e$er shared data withxd the chinese government. he said that before. tiktok will also pledge to firewall protect the u.s. user data from unauthorized foreign access. this is nothing new to be honest with you. he's been talking about this since the past year. we talked about itw3 in novembei i think we did that interview. >> i think ramping it up, though. >> i don't thinkqçje)ju any different. it literally -- it is the same. it is we're going to -- we're going to separate the stuff and never done it and you have to decide, i think at some point whether you believe the company or you don't believe the

hi, i'm ozwald. hello ozwald.-all day. -a branch in ventura? that's for sure-ah. atms in fresno? fres-yes. encinitas? yes, indeed-us. anaheim? big time. more guacamole? i'm on a roll-ay. how about you? i'm just visiting. u.s. bank. ranked #1 in customer satisfaction with retail banking in california by j.d. power. the s&p puts it morefáq firmly positive territ]r[ for theok ye. kpyignals in the charts, katie stockton. she's a cnbc contributor. morgan stanley's mike wilson,xd katie, is talking about some of it could set up for a violent end stage of this fair market that we have been in. do you see technical things that 16sees fundamentall? >> well, the small cap weakness that we've seen isq reflective f the market breadth, right??;■ the breadth has been pretty terrible since early february.t( if you looklp at the percentagef s&p 500 stocks above theirjflp 50-day moving averages, itÑi si only around 23%, which is pretty remarkable,q considering that w have had three up weeks in / theq s&p 500 remains belowÑi it 50-d

hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ why are 93% of sleep number sleepers very satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side. your sleep number setting. to help relieve pressure points and keep you both comfortable all night. save $1,200 on the sleep number 360 i10 smart bed. ends monday. give your small business one tech solution that checks all the boxes. it's all here with the comcast business complete connectivity solution. peace of mind with cyberthreat security. the power of the largest, fastest reliable network. plus, save up to 75% a year with comcast business mobile. the complete connectivity solution. from the company powered by the next generation 10g network. get started for just $49 a month. and ask about an $800 prepaid card. comcast business. powering possibilities™. >>> the delivering alpha investor series brings the leading investors and strategists and our own cnbc contributors in a poll over the las

hi, i'm ozwald. hello ozwald.. ♪♪ >>> welcome back to "squawk box. s&p's trying to go green looks like that's where the future are, up a fractional. most importantly jobless claims, housing starts, import prices and more, the dow is down about 42 points in anticipation of that nasdaq has been leading all day with a gain. let's get out to rick santelli at the cme in chicago. good morning, rick >> reporter: good morning. as you put it, there are a bunch of numbers let's start out with initial jobless claims last week we popped back above 200,000. not to be this week. under 200,000. 192,000. that is the lightest since the last week in february and it does underscore how tight the labor market is. and if we look at continuing claims, they popped above 1.7 million last week. back under it, 1,684,000, and we could see import prices d down 1/10 of of 1% and strip out petroleum, down 0.4 of 1%. that's the biggest month-over-month negative change since july of last year. if we look at year-over-year import prices, they wer

hi, i'm ozwald. hello ozwald.are a rock- i wasn't going to say it. ♪♪ >>> warren buffett's berkshire hathaway has added to its largest stake in occidental petroleum. berkshire bought nearly 5.8 million shares of oxy and a few trades on friday, monday, and tuesday, those purchases worth more than $350 million mark the first time since september that berkshire added to its stake it now owns 200.2 million shares worth $2 billion since yesterday's close. it has plans to buy another $5 billion worth of those shares. on "squawk box" on monday, ox extend idental's ceo spoke with him >> i love listening to her. >> she's hard core she knows her stuff inside and out and knows the technicals of the business. >> she does. when you ask her some of the sort of out there low questions, she's like -- just like she's like, i'm not going to even address that we need buffett too. we need this stuff we need it please keep doing it if you like, you know, living in the 21st century instead of the 19th century, there are certain things

hi, i'm ozwald. hello ozwald. pam, you are a rock- i wasn't going to say it. ♪♪ good luck.eritrade, 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 feels so right... ♪ adt systems now feature google products like the nest cam with floodlight, with intelligent alerts when a person or familiar face is detected. sam. sophie's not here tonight. so you have a home with no worries. brought to you by adt. u.s. equity futures fall in the session, literally in the last couple of minutes. dow off by 300 points. nasdaq off by about 40 points. what's going on here >> i have no idea. but it is early. and we're setting up for more data. >> what i worry about is not -- i'm not even worried about data anymore. i'm worried about banks. that's literally all i'm worried abo

hi, i'm ozwald. coming hello ozwald.rock- i wasn't going to say it. ♪♪ ahead. >> good morning. investors look to build on yesterday's rally as beaten down regional bank stocks bounce. >>> walking a tightrope. we will hear from former federal reserve board governor, kevin warsh. >>> tech stocks as a safe haven. will that trend continue we will tell you what that means for your portfolio as the second hour of "squawk box" begins right now. >>> good morning welcome back to "squawk box" here on cnbc i am andrew ross sorkin along with joe kernen and becky quick. look at the u.s. equity futures, and investors are thinking with their feet looks like the dow is up 260 points this morning. look at treasuries as well indicative of perhaps of what a slowdown in terms of the fed increasing rates and look at crypto bitcoin still on quite a run >>> janet yellen set to give remarks to the bankers association. kylah joins us with a preview. >> she will defend the government in the financial system three years after the covid pandemic be

hi, i'm ozwald. hello ozwald. you are a rock- i wasn't going to say it. ♪♪ >>> good morning futures are rising as investors look to recover from yesterday's session where we were down just slightly we're going to find out what's moving this morning. >>> plus, the ceo of hp will join us to talk about the state of technology, the pc market and the rise of ai. >>> and faa acting administrator, billy nolan, on the push to ease congestion at u.s. airports. the second hour of "squawk box" continues right now. >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square, are people watching on peacock right now? >> absolutely. >> i'm joe kernen. well, if you're hearing me, you are watching never mind, but we're on peacock. along with becky quick appea andrew is off today. u.s. equity futures up nasdaq is strong, tech trade has been good in recent weeks. maybe it's a recession trade and then we'll take a look at treasuries suddenly i think alan greenspan, god bless him, h

hi, i'm ozwald. hello ozwald. give it up for pam.a rock- [silence] i wasn't going to say it. ♪♪ >>> good morning, everybody. rising interest rates on the minds of investors the ten-year note yielding above 4% and the two-year at levels we haven't seen in decades. w we'll have a breakdown of the move in bonds and what it means for stocks. >>> electric vehicle maker polestar reporting results we'll hear about the fierce competition in the ev market. >>> and beer sales falling flat at ab inbev. the ceo will join us to talk inflation, the supply chain, what consumers want right now. the second hour of "squawk box" begins right now >>> good morning welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen with becky quick and empty seat, empty place in my heart. >> andrew. >> empty place in my heart, andrew will be back tomorrow u.s. equity futures like yesterday, yeah. that's -- that was it. no one's there up 92 yesterday. the dow managed to eke out a gain while the s&p and nasdaq were both

hi, i'm ozwald. hello ozwald.ng to say it. ♪♪ ♪ icy hot pro starts working instantly. with two max-strength pain relievers. ♪ so you can rise from pain like a pro. icy hot pro. why are 93% of sleep number sleepers very satisfied with their bed? maybe it's because you can adjust your comfort and firmness on either side. your sleep number setting. to help relieve pressure points and keep you both comfortable all night. save $1,200 on the sleep number 360 i10 smart bed. only for a limited time. >>> welcome back to "squawk box. grocery delivery company instacart generated sharply higher sales in the fourth quarter. an internal memo to employees that said revenue increased more than 50% in q4 transaction volume was up about 16% from the previous year instacart shared the numbers during a call with investors on the call, executives said they were waiting to go public for, quote, more cooperative market we will wait for more cooperative markets for ipos and the like and i miss instacart a lot i don't know about you guys.

hi, i'm ozwald. hello ozwald.a rock- i wasn't going to say it. ♪♪ >>> the drugs that have been developed for diabetes are poised to go mainstream for weight loss as the company behind weight watchers this week announced that it is buying a company that helps people get prescriptions. so, are these drugs the bright future of weight loss and the weight loss business or is this another unhealthy fad? jon fortt is here to weigh in. so to speak. >> becky, we say that every time, but this time, wait for it, it's a pun, double pun this is an unhealthy fad, not the future of the weight loss business it kicked into higher gear this week when ww international, the weight watchers parent, announced it is buying weekend health, a company whose sequence program helps members access dietitians, fitness coaches and, yes, drugs for weight loss so what is the problem on the surface, nothing. diabetes drugs have spiked in popularity over the past few months as some doctors begin prescribing them for obesity one of the main methods

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hi, i'm ozwald. hello ozwald. give it up for pam.the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ >>> a little more than a half hour until the opening bell on wall street. joining us on the markets, what jay powell's testimony could be for stocks, ser rat set fi manager portfolio manager. seems like i talked to you a couple weeks ago, surratt. since then we've been in wait-and-hold. it's all going to come at once the flood gates will open with jay powell and the inflation numbers next week. how are you feeling? bullish, bearish, the same >> i'm really looking -- i'm a little bearish going into this, joe. i think when powell spoke in january he focused a lot on additional inflationary. things were getting better in terms of the numbers whether it was cpi, ppi, the inflation. i think the data in the last four to six weeks has been pretty strong. i think they're going to go higher for longer, and powell doesn't really care what the stock market does in

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