the pursuit of outperformance at pgim. across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> steph, here we are at the finish line. what is your final trade today >> wynn resorts. i think post-omicron you will see a recovery in macao. the chinese concessions and regulations were much less severe last week and las vegas and boston are humming i like this one for 2022 >> all right farmer jim >> yeah, not tweaking my boy, joe, he knows i love him this goldman move is one of the biggest overreactions i have seen in a long time. are you supposed to step in and buy in >> a buyer, okay down 8.5%. that's interesting joe, you go next >> merck >> okay. josh brown >> berkshire hathaway, up 7% on the year while the s&p is down 4. that's not an ac

tom: is the pgim call an outlier call, where they are saying step in here and by the price for lower yields? lisa: yeah, if you look at most forecasts. people seem to think the longer-term treasury yield is going to continue to go up. but then you go to the stephen majors of the world and pgim fixed income, and it is a moment that is highly tenuous. we'll go back to the normal that we saw three years ago? jonathan: because it there at the moment, where does that fed funds peak? something a little north of 2%. i don't think we have fully recognized the real adjustment in that debate just yet. lisa: i think you are right. however, i think a lot of people are uncertain, and you can see people trying to hedge against this upside, which is the reason why people are so underweight bonds versus stocks the most going back to 2011. jonathan: jamie dimon says 5%, 6%, 7%. over what timeframe, i am not sure. the guy is a genius, that everyone was talking about that and they weren't talking about expenses after that call. yields up three basis points on tens. in the commodity market, we will talk

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the pursuit of outperformance at pgim.hink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> shares of take-two interactive are down sharply, after announcing its plans to buy zynga. strauss zelnick, it's good to have you with us what do you tell your investors as to why this is the right thing for take-two to do? >> it also positions us to grow our collection of owned intellectual property. one of the things we lovett about zynga is, like take-two, they have a multiplicity of great titles, what they call forever franchises we think that's a great opportunity going forward. we just announced this, but we expect a combined company to grow top line about 14% annually >> by improves the quart of our, so we think it's extraordinarily

the pursuit of outperformance at pgim.ertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. as a business owner, your bottom line is 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 nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business: powering possibilities. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed y

the pursuit of outperformance at pgim.es, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "squawk on the street." we've got two big earnings reports that we're watching after the bell there's actually a bunch of them but two in particular. csx, of course, netflix. both of those names are trading higher david, as we know, netflix will kick off the big meg that tech earnings that we're watching gimp the fact that we have seen the nasdaq, well, up until today, move into correction territory. of course what's in focus there is it's expected to be lower profit as the streaming service continues to spend more on content. >> yeah, they spend, what, at least $17 billion a year at this point. >> it's incredible >> morgan, it is and of course, we'll be

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. [copy machine printing] ♪ ♪ who would've thought printing... could lead to growing trees. ♪ >>> netflix is on deck to report earnings tomorrow. one options trader is betting something could be interesting in story tony zang, about to see you. what's the story >> netflix traded 1.3 times the average daily volume today the market is currently implying about a 7.5% move, versus 6.2 over the last few quarters one is trading them by team january march $500 straddle swap to break down this trade, they sold 725 contracts of the january -- for about $40, and then of the march straddles for about $66. the employed volatility difference is 106% for the front month, 41% for the back monday, so taking a del

at pgim, the pursuit is on for outperformance.ve investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. generally there's a pretty big gap between how parents approach the money conversation and how teenagers are ready to absorb the money conversation. ♪♪ i am daniel dibiasio, managing director, morgan stanley wealth management. a great way to start with a high schooler is to start with something simple and achievable, yet dynamic. could be making a purchase, like a pair of sneakers or a sweater. saving to have a few dollars for a future purchase. or how much money do you think you spent this week? and starting with some actual facts. so it's an exercise i think to be engaged together with your children, rather than giving out like a homework assignment. having a job as a teenager is an in

the pursuit of outperformance at pgim.tthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back to "fast money. shares of beyond meat sizzling higher on a barclay's double upgrade. the analysts flipping from a buy to a sell saying restaurant partnerships will boost this stock 15%, guy in, a single day. can you be on board this call? >> so i'm not going to do it because i think our viewing audience has gotten tired of hearing about my constitution, but, yes, i can get on board because if you look at where we recently traded down to and recent meaning last week, we basically traded down to and touched the lows we saw in march i believe of 2020 so just for a trading opportunity you've got to believe that all the pessimism

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. l >>> all right. doc, unusual activity. what do you got? >> well, let's start off with some energy, scott, because oil is at a seven-year high. that means some of the other energy providers are also going to be in huge demand, like cameco ccj. obviously uranium and so forth a big 23,000-lot print in the march 24 calls hits with the stock at 2140. so i jumped back into cameco, ccj. i will probably ride this for the next two months. next one, biocrest, bcrs somebody bought 5,000 of the february 13 calls. that's an in-the-money call, scott, because the stock is trading 1470 so i jumped on those as well >> all right hey, i want to call your attention to shares of ford. joe, you see this? you own the

the pursuit of outperformance at pgim. across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> tensions remaining high between russia and ukraine with a buildup of russian troops continuing near the border of the two countries. and a pentagon press briefing this afternoon, chairman of the joint chiefs of staff mark milley strongly encouraged russia to stand down this comes after russia's foreign minister reiterated he does not want a war with ukraine. president biden warning the possibility that moscow could invade its neighbor in february. joining us is ian bremmer, president and founder of the eurasia group. this after another report said that the white house is briefing the biggest u.s. banks on potential sanctions against russia wha

the pursuit of outperformance at pgim. to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >> all right i mentioned before the break we had conflicting calls on the street disney shy of 4%. downgra

join the pursuit of outperformance at pgim.tment management business of prudential. >>> all right. pete, teased unusual activity. you're up. what do you see today? >> got some good stuff i will tell you this, scott. what we've seen recently starting yesterday in the late morning, an starting out today as well, everything short term people are not looking out far as well. in these two unusuals, both expire on friday, january 14th i will start off with amd. we have a buyer of 10,000 of the amb135 calls they started paying $2 they paid up to about $2.50 for these. the problem right now is the stock was $1.33 when this hit. i'm looking and the stock made a nice move to the upside. i think it was last trading around 1.37. this is a okay, we've seen a lot of activity in the semiconductor. this stood out for me. next one is tesla, which is very interesting. it is the 1,100 strike calls expiring on friday as well huge buying in here when you consider the premiums and you buy 20,000 of these calls from $9 up to $19, that's anamazing amo

at pgim, the pursuit is on for outperformance. outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. (doorbell ringing) (bustling office sounds) - [announcer] eggzilaration, when the cheesiest guilty pleasure breakfast sandwich starts your day on just the right note. on time, lowest price, or we'll make it right. (chicka-chicka) grubhub. as a business owner, your bottom line is 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 nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. c

the pursuit of outperformance at pgim.deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. >>> welcome to the etf edge portion. we start off 2022 with bitcoin futures in a slump down 40% from december down 9% for the year what will happen in 2022 let's ta

the pursuit of outperformance at pgim.hink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. netflix today. they are rallying. bill ackman is now a major shareholder and leslie picker is following the money for us l.p., it sounds like the stock got cut in half by 50% bill ackman has been looking for a while and said okay, i'm in. >> that's exactly right, scott a little movie magic here. that staked $1 billion on recent levels news of ackman's involvement sending shares of netflix up more than 7% today, but prior to today's moves, shares had plummeted more than 41% this year alone as pandemic tailwinds seemed to subscribe and subscriber growth slowed for much of its two decades, netflix has been seen as a growth stock, but amid the rec

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join the pursuit of outperformance at pgim.he investment management business of prudential. >>> netflix announcing last hour it will raise prices in the u.s. and canada hi, julia. >> netflix spends more on content raising prices in the u.s. and canada. hiking the prices by between $1 and $2 the most popular standard netflix plan is going from $14 to $15.50. basic plan is a dollar more expensive at $10 and premium goes to $20. netflix saying quote we understand people have more entertainment choices than ever and we're committed to delivering better experience for members and offering a wide variety of quality entertainment options. analyst michael nathanson saying he expected this hike and drive growth in the u.s. and canada where subscription growth is more limited because the market here is more saturated but interesting to learn more next week. >> remind us the difference between the individual packages why i don't know which one i have. >> you probably have the standard package why that's the one right in the middle. the mo

the pursuit of outperformance at pgim.se to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> etf spotlight taking a look at the wile week all across energy dom chu has that for us. >> carl, energy wild week but it is still would n't unl it the only s&p 500 sector that's positive so far in this early part of 2022 and by the way, not gist positive but we are talking 18% positive versus s&p 500 which is down 9% so a massive performance gap in the first three to four weeks of the year. that energy trade is driven in large part because of oil prices overall. the focus today on a mixed earnings report of chevron second only to exxonmobil. if you take a look over the last year the lines have tracked closely and exxon is an outp

the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back an ugly day on wall street small cap stocks have seen a major part of the selling of late down about 11% over the course of the year so far where the s&p down 7.6%. let's bring in jill carey hill of bank of america clearly small caps suffering of late are they always expected to move more than the bigger cap stocks? >> thanks for having me. yeah this is a buying opportunity for small caps we were positive for the year and that's not to say that they're without risks because there are things going on. covid and uncertainty of omicron is one small versus large caps relative performance is core lated.

the pursuit of outperformance at pgim. multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq . >>> welcome back let's get over to mike for a look at earnings forecast for q4. >> the forecasts are holding up right now. supposed to be based on the consensus a sequential decline from third quarter but third quarter was a huge beat. this from b of a strategy group shows that the typical path of earnings folk for this quarter would have shown that they get down sca

the pursuit of outperformance at pgim.o outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. (doorbell ringing) (bustling office sounds) - [announcer] eggzilaration, when the cheesiest guilty pleasure breakfast sandwich starts your day on just the right note. on time, lowest price, or we'll make it right. (chicka-chicka) grubhub. cody! hi!! hi! how are you? i'm good! i'm crocheting. i see that. started off as a hobby. kind of snowballed from there. and alex, i don't want to stop. well, i don't see why you should have to. let's set you up with a side gig savings goal on the u.s. bank mobile app. this way, you can turn it into your main hustle before you know it. you're my hero, alex! what are you working on now? pool cover. that'

at pgim, the pursuit is on for outperformance.tors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> good thursday morning. welcome to another hour of christian aid. i'm carl quintanilla with morgan brennan and david faber. markets here holding on to gains. nasdaq up 4 straight as whales inflation ppi runs light on the headline as the market looks for clues maybe we are in peak mode for pricing. >> we'll have to see 30 minutes into the trading session. three movers we are watching we're going to start with taiwan semiconductor, beating analyst forecasts

the pursuit of outperformance at pgim.deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> a little more than seven minutes before we get started with the trading on this tuesday. let's get to a mad dash. you mentioned shopify briefly. you want to come back to it? >> i send out what i'm looking for each day for members of the investing club there's a note from atlantic equities they downgraded from buy to neutral, talking about the problems with the fulfillment network, which we all liked. everything -- fulfillment is a problem for individuals stores david, i point this out because this is what you're really struggling against you've got this, and now this. >> it's descending, jim. >> exactly shopify is not

join the pursuit of outperformance at pgim.ment business of prudential. ♪ >>> welcome back to "squawk on the street." i'm diana olhio leg. pending home sales pell 3.8% that's a bigger drop than expected the street was looking for down just and 1%. the drop was 6.9% down year over year this index from the realtors represent signed contracts, people out shopping in december when mortgage rates were actually considerably lower than right now. so what was the problem? well, very, very little out there to buy the inventory of homes for sale in december was the lowest on record, down 14% from december 2020 and it was pretty low back then as well so regionally sales fell the most in the midwest and the west, but they were down across the nation we are seeing more buyer activity right now buyers are worried mortgage rates are rising so fast that they will be priced out come spring, but again the severe shortage of homes for sale is keeping actual sales very low. carl >> thank you very much. >>> good thursday morning. another hour of "s

the pursuit of outperformance at pgim.across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. 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. >>> welcome back, phil lebeau is here with a preview on what to expect >> remember last week he guided the street last time when we met with analysts. when the numbers come out tomorrow morning, as you look at shares of delta, a report of profit may not move the needle but first of all, what's been the impact on costs when it comes to covid-19, particularly at the end of last month and so far this month and hasn't resulted in wha

pgim fixed income coming in and saying they do see value right now, given the fact that the cs going back to a low-inflation. tom: could you see lisa on a cruise ship doing at auction discussion at 10:00 a.m.? jonathan: i could see lisa anywhere without us. are you saying that is what is going to happen on this cruise? tom: absolutely. auctions with lisa. jonathan: is this a barge with the capacity of about 50 people? who is going to turn up for this? tom: we've got four pools. jonathan: are we paying people to come? tom: they pay us. jonathan: ok. [laughter] anastasia, roso -- anastasia amoroso, the chief investment strategist at icapital. how tough will that be? anastasia: i think the markets are increasingly pricing this in. the markets are really just waiting for this, and i just don't think it is going to be that hard. tom: within the equity markets, there has to be a catalyst. what we are hearing is a consensus, is volatility, a slog, if you will. do you buy it? anastasia: i think you buy it. we have to have this reset, but what happens is if you look at the nasdaq, if you look

join the pursuit of outperformance at pgim.estment management business of prudential. >>> an earnings alert on lending club tracking ta story, christina. >> talk about the positive numbers despite the fact the stock is plunging now. earnings beat 27 cents per share higher than estimated as well as revenues of 2 52.2 million guidance for the company, q1 revenue guidance falls in line with what the estimate were, and the same thing talking about the full year versus q1. full year guidance $1.1 billion to $1.2 billion. yet the stock is down 17% right now. though only thing we could see now at the moment parsing through the information is q1 net income guidance came in range of 25 and 30 million dollars based wa we see on recitative, $30 million. a discrepancy talking q1 net guidance same thing with full year net guidance 130 million to 150 million, that's the discrepancy there q1 net income guidance as well as full year net incomes guidance back to you guys. >> thanks so much. >>> time now for a cnbc update news update. >> news an

the pursuit of outperformance at pgim.h deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. >>> welcome back time for a cnbc news update with shepard smith. hey, shep. >> from the news on cnbc, here's what's happening president biden convening a virtual summit with european leaders this afternoon the white house says they're discussing diplomacy, deterrence, and defense efforts as tensions mount over a possible russian invasion of ukraine. the pentagon put up to 8500 u.s. troops on heightened alert for deployment to eastern europe today. the pentagon spokesman admiral john kirby says no decisions have yet been made on whether they will deploy >> nbc news reports defense secretary lloyd austin briefed president

there is another one, pgim. mike collins telling me now for him it is a buy. limit to how far the fed will take it. he's comfortable looking at the 10 year and the 30 year right now where it is. tom: it is going to be interesting to see. we are going to stop the show right now. we welcome all of you on radio and tv to may be the first great discussion of the year. william dudley is not the normal economist. yes, his work at goldman sachs out of berkeley, but far more his tenure at the new york federal reserve, he has been very overt in writing pretty much twice monthly for bloomberg opinion, and this week he issues his most scathing essay on where our central bank is. what is it like to write with that language of a remarkable and surreal fed economics? are you getting criticism from inside the fed? william: i am sure it doesn't make people they're happy, but the reality is i've got to call it like i see it. the federal reserve has a very benign forecast relative to what is happening on inflation. if you look at inflation forecasts published at the december fo

join the pursuit of outperformance at pgim. the investment management business of prudential. >>> there's no preordained route here connecting necessarily fed policy with how you're doing, you know, in your mutual funds they may diverge, they may not you know, if my firm were comfortable being long the indices and being short, you know, a lot of kind of the craziness. i think that's still going to be kind of the way you want to be i think you want to avoid a rot of the stuff that's still trading. >> short seller jim chenos weighing in on the market environment. interesting thought given that a lot of people believe the fed is the overriding macro dynamic >> i thought that jim was spot on i don't know, i i know that we all feel theneed, david to be able to say let me just explain -- no, that's what i think, and it's okay it's prevailing wisdom that could be right. >> he's known as a short seller obviously. >> he does like certain stocks that's a good marketing position to have to attract assets over a long period of time to say

at pgim, the pursuit is on for outperformance.tive investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. street nasdaq rallied more than 3%. let's go back to mike santoli for a look at how earnings revisions have been stacking up. >> in aggregate, earnings forecasts are holding up, but this is a measure of just how inclusive the earnings revisions breadth is in other words, this is the percentage of companies where earnings revisions are higher versus those that are going lower. the net difference you see it looks really stark. we hit this 45%. this from morgan stanley, mike wilson the strategist there, cautious in part because the market is becoming stingier in terms of projecting profit growth of fewer and fewer companies as a percentage. this is a typical midcycle behavior that's 2004,

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join the pursuit of outperformance at pgim.t business of prudential. >>> get down to the new york stock exchange jim cramer joins us now. how can you not -- you don't like that rebound yesterday, jim, in the nasdaq does it make you -- how are you feeling about it is it ready to retest or should we be ratified. >> i think we have to watch interest rates if the ten year ticks back, then suddenly we repeal i do think we've seen the draft of powell's speech that's not going to change anything but i think if rates tick down again, people are going to be surprised at how much this market can go up i think if the stocks went down, people would be afraid of missing something. we forgot what it was like to miss something it's so critical you can make so much money if you buy them low so i think that the mentality of the market did change yesterday. >> i saw trying to get -- i know you probably saw that. do we expect less for the next five years because of -- we've paid it forward with what the fed has done for us, or can technological c

at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities. >>> welcome back to "squawk box. this morning, tech taking it on the chin yesterday and basically the past two weeks over inflation and rate fears the nasdaq getting clobbered down more than 8% below its record high. we're joined by rachel

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join the pursuit of outperformance at pgim. the investment management business of prudential. you're a one-man stitchwork master. but your staffing plan needs to go up a size. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> welcome back we're down 2% on the nasdaq. at session lows. dragged the dow down more than 1% and negative territory. and mike, interesting to see both the intraday selling and the scale and where it is focused are the mega caps are suffering. microsoft down nearly 4% apple doing better but down 1.5% of course more focused on the shopifies of the world but interesting to see the names, b bigger mega cap names sell off. >> if you see liquidation in the qqq this is how it might look. looking at nvidia, the 1-year chart shows this is surrendering in a hurry the breakout in premium built up in november, december of last year and just coming back down to where it started to accelerate in the fall for a stock like that it looks like we're pulling it

join the pursuit of outperformance at pgim. the investment management business of prudential.ing things at me? look, as cfo it's my job to be ready for whatever's next. that's why i have my finance team, randomly hurl things at me. it's also why we use workday. it gives us insights, so we quickly pivot our strategy, people, planning, you name it. sorry, sir. i will aim straight at your next step. see that you do. would you like some coffee? workday. the finance, hr, and planning system for a changing world. ♪ 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. >>> continues a recent slide with subcribber guidance julia boorstin is here to take us inside the company's late it's results hi, julia. >> good morning, joe netflix dropping about 20% in after-hours trading. earnings were a big beat, but it was the subscriber numbers growth of 8.3 million, a bit below company's own guidance, but fourth quarter subscri

join the pursuit of outperformance at pgim. the investment management business of prudential.use 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. 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. >>> good morning, futures are up as we make our way towards the opening bell, this after the nasdaq just fell into correction territory. new airline results front and center, american, united, both reporting losses, beating an lith's expectations. we will bring you american highlights and speak live with united ceo scott kirby >>> and is build back better dead that's the question, president biden admitting its spe