the t p p is no longer what it was. it's now the c p t, v p, which is a significantly watered down version of what the u. s. had initially proposed now after it pulled out. and so, but still even in this watered down form, it is a much more ambitious agreement than that. we have with us the, the membership of asset is so diverse. you have very rich countries like singapore, you have very poor countries like lauzon, cambodia, the populace nations. so you cannot, you have to cancel that diversity by allowing flexibilities. and flexibility translates into generally lack of prescribed depth. so that's the key difference in the level that mission, the level of depth. but countries can go as far as they are able to or willing to, but the minimum set is quite low to accommodate the huge diversity. that's the key difference i know from your vantage point there in beijing, do you think that there's any possibility we could see the c p t p p and this are step deal possibly merging in the future? absolutely, i mean both of them. w

%-% --%-%-%-%p -%-%-%p %-%-%-%-%p %-%--% p %%-%-%-% %-%-%-%p %- p p p p-%-%-%---%-%-%-%-%-%-%-%-%-%-Ò-%p--%-%-%p-p--%-%--% % >> you might've also seen nato's statement which says they are exchanging information with ukraine. that's where the status stands right now. i think it's important to note the ukrainian statements on this which convey very clear they're able to get the system up and running. >> if it's determined rush is behind the attacks how does the u.s. response? >> i'm not going to speculate or preview what actions we would take at this time. i would note we will take necessary and proper steps to defend our allies, supporter partners in the ukrainian people but we're still assessing that at this point in time. >> could you describe in more detail what the u.s. support has been provided the last few and? >> i'm happy to check and see if we can detail that more to all of you specifically. we have been in touch with him working with them on many levels and certainly the threat of cyber something, a cyber attack, something that is, in fact, a a number of countries throughout

p lane for awarding contracts for p. p was unlawful. the judge ruled ministers gave to companies and on for advantage. during the 1st wave of the pandemic, the claimant have established that the operation of the high priority lane was in breach of the obligation of equal treatment. the illegality is marked by this judgment. in a rush to supply the and a chest, the government for 32000000000 p. p items costing over 18000000000 pounds. in normal times transparency rules are in place, the state contracts to ensure fair competition. but in the hands of a natural emergency, these who cast aside instead, the i p lanes are reserved for referrals from m. p. 's ministers in senior officials and millions of taxpayers cash signed over. well, danny street is considering an appeal against the ruling that some of these behind closed doors dealings were illegal. o contracts underwent sufficient financial and technical due diligence and the court found that we did not rely on the referral to the high priority lane when awarding contracts. this isn't th

the s&p 500 down 2%. seen a little bit of a recovery but we are still looking at the worst string of losses for the dow jones industrial index since february 2020. it has been a long time since we have seen this much of a selloff. here you can see the text talks off today, the biggest names out there. amazon, google, facebook, netflix. two changed their name. are they trying to hide from something? alphabet and meta platforms. netflix down another 6.6 after a really disappointing subscription forecast. let's bring in mark mahaney, head of internet research at evercore isi. we are seeing the biggest selloff, worst start to the year since 2008. i have only heard one person say today buying opportunity. i have been on the air for four hours. what is going on? mark: sheer panic? you started out the year wanting to be more cautious. we wanted to be more cautious entering the year. the news is high interest rates which will really challenge the. inflation uncertainty leads to uncertainty. you want to be careful

instead, the i p lanes are reserved for referrals from m. p. 's ministers in senior officials and millions of taxpayers cash signed over. will danny street is considering an appeal against the ruling that some of these behind closed doors dealings were illegal? o contracts underwent sufficient financial and technical due diligence and the court found that we did not rely on the referral to the high priority lane when awarding contracts. this isn't the 1st time the courts have ruled against the government over p p contracts. but number 10 has been consistent, that it hasn't acted inappropriately. can the prime ester give a cost on assurance that from now on from now on, all government contracts will be subject to proper process with full transparency and accountability. absolutely, it's a huge one. these are pretty sure i reject the idea that somehow the government acted in a way that was wrong. we wanted to get the 32000000000 pieces of p, p in the front line because what was important is to save lives. i make no apologies that the government d

this isn't the 1st time the courts have ruled against the government over p p contracts. but number 10 has been consistent that it hasn't acted inappropriately. chandler prime is to give a cost on assurance that from now on from now on, all government contract will be subject to proper process with full transparency and accountability. absolutely, it's a huge one. he's a p p, i reject the idea that somehow the government acted in a way that was wrong. we wanted to get the 32000000000 pieces of p, p in the front line because what was important is to save lives. i make no apologies that the government did everything in its power to ensure the n h s. and frontline workers did not run out of p p, even though the judge ruled both the office in question were likely to win contracts anyway. if you went through the high priority lane, you had a one in 10 chance of being successful. those outside of that in a circle had way less than a one in a 100 chance. according to the national audit office, 50 firms benefited 18 had tore links, which the opposition, se screams cronyism. while

i'm the s and p n p gen seller. and i will come to the, the 2nd, the broad semester, john sullivan. obviously the victim of the famous, governed by election in the late ninety's. but before lot a label m p for sophia. now i'm quite interested the gym. so as an in the seventy's us lee, but i m p for so feel sure we're kind of like the custodian of the political buttons tradition with their people said right what of the above supper. so to let's get the m p for so feel sheylan. no, i don't think i personally i c n p for sophia was the custodian, in fact the custodian was john polk your major figure in the sure socialist movement and didn't the scottish socialist movement, but as m p for socio shirt. you know, i didn't become in be for socio show. you know, parachute again i was born in here. i'm an issue and issues and robert bunch and the importance of the m. p for so feel shar, the beef association in the m p for ear were automatically trustees of barnes cottage with bows, was born right up into all fairly recent times. and that was a responsibility that i do seriously and to be fea

this is the s&p 500 -- 600 s&p 600 is profitable companies. 2000 is lots that are not profitable the 600 small cap on net are bigger than the average 2000 stock. what happened to earnings forecast that's the question that maybe explains the underperformance of small caps ned davis research points out the indexes eps expected groelt and both curled lower. a similar expected growth rate i do think that relevant question is the small cap valuation accounts for this? the 600 under 14 times forward earnings so that's the debate right now in the market, guys. >> jill carey hall covers small caps of bank of america and making the case that they're cheap and you did that in another way. >> yeah. absolutely are relatively cheap. >> why such underperformance >> lower -- just in general lower liquidity, concerns about the withdrawal of liquidity in general from the system and credit spreads going up and credit costs going up, those do hit smaller cap companies and you think about the s&p 500 index. five stocks more than 20% of it why they have all the ca

p for so fear shark, the n b for so here shows the n p for here we're automatically trustees, all burns cottage will, bows was bomb. right? not been told fairly recent times. and that was our responsibility that i to seriously and to be fair, george younger who was a tory and p for it too seriously as well. we attended every meeting and made our contribution to maintaining the bottoms cottage and wonders monument char, extremely important and cultural life. oh my home county, and tried to find my nationalist at all. i'm in the ocean nationalist and that's because it still has to be quite interesting when george younger say to state for scotland, conservative i call in and scotland and yourself as a firebrand label member of parliament that when did you have any political tussles about bubbles? it was where you flee quotations each other or the just go on with the business of, of making sure that all away cottage was being properly. it preserved and presented as it come to. some people seem very strange, but you know, tories and scotland can embrace buttons as well as socialist light. me

it goes on to say in 1975, the e p. a administrator informed the governor of florida that the e p a and found elevated levels of radiation in buildings constructed on land reclaim from phosphate mining areas and recommended that construction of new buildings on phosphate mining lands be discouraged in 2022 more communities soon after being built and reclaim land and a lot of the tenants getting cancer, we visited a community built on old mining lamps, 2 blocks away from the communities that are suing currently. and you would have no idea how radioactive it is on these lance. how many homes are very sold in the neighborhood? 1010. not only are family homes built on former mines, but so are public parks. this is one of the more popular ones, hardy lakes park, ah, sag, and fortran community. they go timing, but any kind of community that ma is around. we've had 1st birthdays here in even made it more exciting to have 2nd and 3rd, and 4th and 5th birthdays here. they're really get a good opportunity for me to come there and

p. 's. in the coming days, one m p from johnson's conservative party has defected to the opposition, and others are reported to have already submitted letters of no confidence. ne barker sent this report from london. yes, in highly charged atmosphere for ministers. questions began with another major body blown for forest johnson news. one of his mph, kristian wakefield had defected to the opposition party. this following morning, newspaper reports of a whitening plot to oust johnson by members of his own party. jokes to the prime minister's expense followed. i see the very noise on i'm sure the chief whip was told to bring their i'm bruce ah salvo off to silva. like way nobody told the prime minister. he was breaking his own rooms. absolutely pathetic. if he had any shred of compassion for all those had them separately. they said he'd go, i am peace clamoring for explanations. with johnson about the increasing catalogue of rule breaking policies that took place under his watch when the count

i'm the s and p and p jim sellers. and i will come to the the 2nd half of brawl on semester ansel of sa, obviously the victim of the famous governed by election in the late 19 eighties. but before lot a label and p for sophia. now i'm quite interested the gym. so as in the seventy's as a label i m p for sophia, so we're kind of like the custodian of the political buttons tradition with them. people said right what of the above supper? so let's get the m p for so feel shannon. no, i don't think i personally i c, n p for sophia was the custodian. in fact the custodian was john polk your major figure in that you're sure socialist movement and didn't the scottish socialist movement. but his m p for so say a sure, you know, i didn't become in be for socio show, you know, parachute and then i was born in ear. i money a ship best. and if she was steep and robert bunch and the important, so the m p for so fear shark the n b for so here sharon, the n p for here, we're automatically trustees. all burns cottage trail bows was bor

the s&p tech index is the worst performer within the s&p.orst stock within the s&p get the vix -- within the s&p. the vix continues to climb higher. henry mcveigh, kkr head of global macro and asset allocation, joins us now for an exclusive interview. it is always good to see you. what do you make of today's price action? henry: the market is discounting what the fed wants. the fed is taking out four areas of speculation. growth stocks, ipo's, crypto, and ultimately spac's. they want to deflate that because there's been excesses there. the averages actually don't tell the story. if you look at the nasdaq, it is down. i think 50% of the nasdaq is down 4% or more. there's a lot of carnage underneath the surface. i think the fed is probably ok with that or get i think the real thing we need to focus on is wednesday. wednesday they need to thread the needle on the mortgage market. right now they are still buying $40 billion per month. do we really need that when housing starts are at a 15 year high, home prices are up almost 20% year-over-year?

today d e p. the agency responsible for regarding our environment, who is in wisc, deputy director gary clark away fast enough for mar mike vassal. and we can set something up please. and we've tried to reach you for 3 or 4 days and you don't return our call. and you are avoiding this, again, i just don't understand why i don't want to say we made in the same i like to know that guys chuckling about 1st of all. mm. and aside from local politicians and mining areas, they spend a lot of lobbying over $480000.00 at ballard partners over $830000.00 on a lobbyist that has one person and they reach out and get people at the state level that can deregulate enriques, that's a great example. after removing $700000000.00 worth of protection money for florida's waterways. he then guided the entire f t p replacing it with lobbyist and corporate insiders. that normally worked on getting the permits for mosaic and other corporations. he trained the permitting process from 44 days down to 2 days, got ordered his

n, p gen sellers. and i, we come to the, the 2nd, the broad semester, john sullivan. well, mostly the victim of the famous governed by election in the late ninety's. but before lot a label and p for so feel sure. no, i'm quite interested the gym. so as in the seventy's as a label i m p for so feel sure. you're kind of like the custodian of the political buttons tradition with their people said right. what of the above supper so, so let's get the m p for so feel, chillen? no, i don't think i personally i c m p for so feel sure was the custodian. in fact, the custodian was john polk your major figure in that you're sure socialist movement and didn't the scottish socialist movement, but as m. p for socio sure. you know, i didn't come in before. so feel sure, you know parachute and then i was born in i militia, pierce and issued his stick and robert bunch and the important so vm p for so feel shar, the beef association, the n p for ear. we're automatically trustees of barnes cottage with bows, was born rig

p. morgan and an even bigger drop when it comes to profit at a city group down by about 26 percent to j. p. morgan, by the way, the stock was a drop of a good 6 percent by far the biggest loser in the del jones industrial average. and that tells you that something is wrong with the numbers. so for one said, j. p. morgan is saying that there is some wage pressure, so that's good for employees, but it's also means higher costs for the banks and also the whole a trading business is cooling off a little bit too. but then again, it's really also complaining on a pretty high level for the entire year of 2021. j. p. morgan still achieved record profit. and if you look at city, one of the reasons why the numbers came lower than expected as that americans actually pay that credit card debt in time. so there is less interest for the banks, but it's good for the us population. yann's quarter in new york. thanks for all your reporting this week. now to some of the other global business stories makin

alix: so how does it compare to the s&p?ti: pretty good before today but now about equal, reversing gains where it was outperforming in 2020 and 2021, not just on par with the s&p 500. we will see if that reverses now that you actually have perhaps a buy the dip mentality. guy: is there any movement around some of the price action we are seeing? this is a conviction trade, not only for the management team but also for many people who put money to work in it. kriti: it does not seem that they are rebalancing the funder taking names out. it will be curious to see whether netflix will change their fans. we know the cathie wood's arcing novation etf fund is a very important play on the 2020 pandemic, but it is also a huge play on china, especially the big adr's. this will be interesting in terms of whether or not they are reversing stay-at-home play names or whether this is more of a long-term bet, not just a better bet on tech in the u.s. but better back on tech in china, as well. alix: the whole innovation point. thanks a lot.

this comes back, p p p p p p p p coming up with names or words or with processing speed, fill in their brain is working slower than he used to. what everyone is saying that my brain did not used to work like this. i cannot function at work like i used to. >> after hearing experie from people, you set out to do scientific research about this. what did you do and what did you find? >> we are part of a much larger research effort. i am particularly interested in the brain fog people are experiencing. we enrolled people in our study who were reporting cognitive changes after covid or those who said that they have had covid and no cognitive changes. we did have dry sessions of these people and studies and cognitive tests. we asked these individuals if they were willing to do a spinal tap. over the half of the people did yes, we compared the spinal fluid. compared it to those who had cognitive changes and those who did not. what we found was that there was a lot of abnormality. 37% who had cognitive cages after covid had abnormalities in their spinal fluid compared to -- 77 percent who had c

the dow was up 200 and here it comes around the edge, the s&p, here comes s&p, i wanted it to happen during my show but you get the credit now. liz: you get it, after that performance, the stretch that we go. another wild one on wall street it looks to be a repeat of yesterday's monday madness. we are looking at another epic turnaround tuesday, stock set session highs. the dow completing a 1000 plus point swing at this hour right now up 203 and i had been down 818. the nasdaq earlier following into correction territory but way off the 440.0 of the session, down just 87 at the moment. the s&p again heading correction territory earlier before the bull made their charge, down, down four points, charles gets the credit it turned out so slightly positive amid and half ago. the wall street staircase the volatility index doing and about space right now, had been down much more than what we were down now, it had been up, higher is more fear we have it down 1%, no longer in the green it is fallen steadily since 10:00 a.m. eastern six-day winning streak in jeopardy as the fed kicks off the jan

advertencia de tsunami el s;abado en todo el d;ia comen algunos muelles i inundaciones y millones de ppersonas fueron evacuadas, el peligro de tsunami quedo en advertenci >>> gracias a diego arias ese mismo sistema provoc;o una serie de tornado que destruy;o 30 c casas causaron daÑos mayores en docenas de inmuebles lo peor fue (nombre en inglÉs(, toc;o cinco torbellino que hizo que una vivienda saliera volando y a aterrizara encima de otro y a los bomberos que responder a la emergencia >>> en medio del tornado y todo eso tuvimos que evitarlo y r responder a las personas >>> a pesar de la intensidad del tornado nuevo fatalidad tres lesionados y 300 familias fueron evacuado omicron también está disparando los fa >>> ;omicron est;a disparando los fallecimientos m;as de 1800 personas pierden la vida cada d;ia causa del covid- y ciudad como los ;angeles el n;umero de fallecidos es el m;as alto paula ochoa tiene los detalles >>> por varias semanas madrid dicho entubada por covid >>> los doctores dec;ian que no iba a vivir, que no ten;ia s signos vitales >>> no s;e vacuno por temor a las cons

s&p 500 is flat. energy the best performer.worst that's why the nasdaq is down 1.3% >>> after the break, manhattan real estate just posted its biggest year ever. we'll discuss whether the market can stay hot with steven witkoff. >>> and ford's chart today looking a lot like tesla's yesterday as the stock sees a big move up. we'll tell you what's driving that ahead on "closing bell. well, would you look at that? jerry, you gotta see this. seen it. trust me, after 15 walks... gets a little old. i really should be retired by now. wish i'd invested when i had the chance... to the moon! ugh. unbelievable. (inspiring music) - [narrator] at southern new hampshire university, you can finish your degree faster, and for less money. transfer up to 90 college credits toward your bachelor's degree. - i was able to transfer a lot of my credits and it made it easier for me knowing that i don't have to start all over again. - definitely lowered the cost by being able to transfer those credits in. - [narrator] get more transfer credits, pay les

the s&p is at 1.4% the dow is up nearly 300 points.0 minutes, extraordinary rally, as we pull back to the flat line on the s&p. we're now at 1.4%. unbelievable >> still ahead, brian deese on the flood of economic data this week and the administration's plan to combat inflation, as we head to break, here's a check on bond yields lower today. the 10-year around 1.75. we'll be right back. i am here because they revolutionized immunotherapy. i am here because they saw how cancer adapts to different oxygen levels and starved it. i am here because they switched off egfr gene mutation and stopped the growth of tumor cells. there's a place that's making one advanced cancer discovery after another for 75 years. i am here... i am here.... because of dana-farber. what we do here changes lives everywhere. i am here. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way

dow, s&p 500 up double digits.ide, unemployment rate has dropped below 4% gdp back to prepandemic levels but inflation is still red hot up 7%. joining us for an exclusive interview is treasury secretary ja janet yellen welcome back nice to have you. >> thank you so much it's nice to be with you. >> so there's the set-up we are coming off a strong year of economic growth millions of jobs created there is this question of inflation. and what the environment is going to look like we had another ugly close on wall street. do you still expect inflation to moderate to normal 2% levels this year? >> well, i expect inflation throughout much of the year, 12-month changes to remain above 2%, but if we are successful in controlling the pandemic i expect inflation to diminish over the course of the year and hopefully to revert to normal levels by the end of the year around 2%. there is a lot of uncertainty. we are doing all the things that we can to deal with supply chain issues that are pushing prices up of course, you know,

this was the second biggest weight on the s&p 500. see how tech has pulled the s&p 500 in both directions. that's bring it back to apple, $3 trillion, what does it mean for the s&p 500? every time it hits a trillion dollars, apple tends to drop, dragging the s&p 500 down 20% at bear market that we saw in the fall of 2018. 2020 right before the election we saw the big tech stocks dragging the benchmark down 10%. if it stays above the $3 trillion market cap, what happens for the s&p 500? emily: let's try to answer that question we will stay on this $3 trillion milestone and bring in up principal analyst. ben, is it worth it and will it stick? ben: i definitely think it is worth it and i think it will stick. if you look at lot of the investment consensus out there i think a number of large banks h ave put somewhere around a $200 per share estimate on to apple which shows you increase confidence in all of their categories. i think when you look at apple's historical performance as well so many of their businesses have tended to do well ev

futures down on the s&p.rom new york city, heard on radio and seen on tv, this is bloomberg surveillance. ♪ and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. jon: wall street getting back to work and getting back to work in equities lower. on 53 on the s&p and down a little more than 1% on the nasdaq 100, down about 285. this relationship between equities and bonds is where the debate is at. we have interesting levels now. look at this. year-over-year, what a move it has been. we were lower last year after peaking in q1 and into this year, i'm not your how many expected basis points move in

s&p was above its closing high it's dropped back a bit, still good for five points s&p right there at771. dow jones good for 35. nasdaq is the outperformer today even though interest rates are on the move. ten-year note yield, 161 guys, good to see everybody. happy new year to all. excited about this year ahead, certainly in the market. let's talk about some of the things we have to contend with, what i like to call the state of play, right? we do this a lot we sort of throw the major issues out there and then we discuss anddebate them number one, we've been up for seven quarters in a row. the big question is can we keep that kind of momentum going. high-tech valuations still remain a serious question. mostly outside the faang complex, some of the enterprise software names and some other areas of technology. rising rates, i just mentioned the two-year today hitting highest level since march of 2020 ten-year note, 159 i told you right now it's at 161. it's a fast-changing situation and certainly one that could very well impact the markets in the weeks ahead. which brings me to what doe