moment, we will hear from the former acting-faa administration daniel elwell but first, cnbc's phil lebeau with where things stand tonight. phil. >> the domestic airlines are going over the details of this agreement and also looking at the guidance from the faa when it comes to their schedules and the fleets the types of planes they fly to make sure they are not gonna encounter any problems once 5g is activated tomorrow, which they are not expecting and then, for some of the foreign airlines, they fly into the united states some of them have already proactively cancelled some of their flights into the u.s. because they were unsure what the agreement might be reached or when an agreement might be reached so those schedules are, to a certain extent, paused for some of those airlines, those foreign airlines but that could change in the next day or two. >> so what happens, phil, for people scheduled to fly tomorrow >> well, the expectation is that the overwhelming majority of flights, and really almost all of the flights, will take off as scheduled. i have not heard of any cancellations due to

phil lebeau is with us now as more companies double down on their ev commitments and just technologys inside autos in general, bill sure >> john, for general motors and for mary barra this is a big opportunity to make some news here to say, look, we have the models that are coming and people will want to focus on us. three things we expect mary barra to touch on during her keynote. we know she'll unveil the new silverado ce in 2023 do they accelerate new models? we know they have 30 coming by 2025 did they say, look, we know the demand is out there, can we accelerate it? that is the platform that all of their electric vehicles will be built on and they believe that will give them a leg up on the competition. remember, they're unveiling 30 -- 30 electric vehicles worldwide by 2025. take a look at gm versus ford, versus tesla we're just showing you the last six months what's interesting here when you look at this chart gm is lagging both ford and tesla, when you talk to gm executives they kind of sit there and say we know there are a lot of headlines that are going to ford and tesla ha

phil lebeau has more on what to expect from tesla in 2022. phil, we're barely at a million, not far from it adam jonas already contemplating looking at how realistic 2 million is for this year >> right i think ddierdre, we'll see the estimates for 2022 sales will go up let's recap the numbers for the fourth quarter and for all of 2021 because you're right. they were far better than anybody was expecting. in fact, when you compare with the estimates, they're so far above. you sit there and say did anybody expect them to do this well in the fourth quarter and in 2021? they delivered 308,600 vehicles, the best estimate i saw going into yesterday, 295,000 for the year, just over 936,000, well above the expectation of just under 900,000. 95% of the deliveries model 3s and model ys when you take a look at the 2021 deliveries, they were up 87% compared to 2020 remember the goal is to hit 20 million in annual sales by 2030. so, they're doing better than expected in terms of annual growth and that's the thing that people need to keep in mind in terms o

about it all morning, over 9% the gain after the automaker posted record-setting q4 deliveries phil lebeauthat and so far weight in store as well for all the ev makers overall. phil >> david, i think we're going to be looking at the delivery numbers that come out not only for the fourth quarter but december, not only in the u.s. but around the world and people are going to say, how much of the conversion is taking place now from internal combustion engine vehicles into evs tesla leads the market so they are the bellwether people are looking at and the numbers are clear for tesla. the growth in annual sales many people thought that they would get no more than 895,000 vehicles at most in 2021 blew that number away. delivering just over 936,000 streaks. that's an 87% increase year over year in terms of the fourth quarter, it was a record fourth quarter most of the vehicles delivered were the model 3 and y, they delivered just over 308,000 vehicles the street was expecting them to deliver 267,000 vehicles nobody was close to 308,000 on their estimates. the run rate, and this is important, it n

will say let me see this, if they like it they'll place a reservation for it >> phil, thanks. >> phil lebeauguy adami, the ultimate would you rather, ford or gm at this point? >> listen, i thank tim. >> he was early and right on ford i got on that bus and it is a math problem and you throw a 12 multiple and here we are at 24 bucks. i still think ford's got room. i think it will continue to get re-rated and i think it will continue to go up. would you rather, ford over gm >> it's a fast money classic as we embark on our 15th anniversary here karen, you like gm what does mary barra have to tell you to make you more confident about the story? >> well, i think the truck needs to wow this is sort of a make or break moment for mary barra. obviously, she has staked her entire administration and entire tenure there on this evolution to evs and we have a tiny taste of of ththis and what they're g to do with the bolt and the hummer this is a very, very big launch. it is very important to her and very important to gm we'll have to see how the orders come in. i know it's not going to be in production un

phil lebeau covers autos and airlines for us. y fully deploying 5g could disrupt flights around airports. what exactly is the issue? >> well, the issue is this, all airplanes have a piece of equipment called a radio altimeter. and the radio altimeter helps pilots guide the plane into landing during imclement weather and when visibility is restricted so manufacturers like boeing and airbus, as well as the faa, they believe the bandwidth that would be used for this 5g complete deployment could interfere with the radio altimeters, which would then potentially interfere with the ability to safely land aircrafts. >> it's oipinteresting to pointt t mobile's 5g is not at issue here, it's the lower spectrum that verizon and at&t are particularly trying to roll out now. they said this is not an issue in other countries why is that? >> there are some differences. there's also apparently a different power source or level of power used for 5g in overseas markets compared to what would be used here in the united states and if you look at it fr

phil lebeau has the details. phil. >> reporter: melissa the reason rivian shares are under pressure is we have confirmed what was first reported by dow jones about an hour ago, that the former coo, rod copies, left the company in january as they were ramping up production of r1t and r1s and getting ready for first deliveries of the amazon delivery vans. the significance is two fold first of all, any time the coo of a ffrg company leaves it raises questions, why was he leaving. rivian sent a statement saying that copes' departure was months in the planning process. by the way, he became coo in mid-june after 19 years in the motorcycle industry. he wasn't with rivian terably l terribly long, a little over a year, year and a half. the other question is when did he depart. the company reported q3 results and had a market call with analysts on the 16 fgt was it after that? why was it not released in a safety saying that he left the company. why was there no mention of it during the conference call with analysts those a

maybe we will hear elon musk on the call phil lebeau is here with the story on tesla phil >> kelly, that'sar from elon musk during the call. what people will be focused on, which by the way don't be surprise if they exceed expectations they have knock-out numbers in terms of deliveries. average transaction prices have been climbing higher the real focus is what does elon musk say about the product roadmap. that will obviously include the cyber truck, which many people believe will be pushed further into 2023. do we get better clarity on that what does he say about austin and berlin in terms of production starting? what kind of indication does elon musk give us about perhaps future models? they're not going to show us a future model but they may say something like, look, a particular type of vehicle is in our wheelhouse and we think that we can roll that out at some point in the next couple of years. those are the kinds of things that people will be focused on when he talks during the analyst's call we will see if the product roadmap is really a roadmap or is it, you know, some indications,

phil lebeau, thank you >>> so what's 5g well, in short, it's fifth generation of cellular technologymeans faster downloads, less lag time, and it can handle more devices at one time than the previous networks. if you have verizon, you may have noticed a 5guw icon, like the one like this one pop up on the phone screen today with at&t, you'll see 5g plus. it works only on certain newer model phones, so if you have an iphone 11 or older, you're still on 4g. some people in bigger markets may have already had something like 5g, but today's launch expands access and covers a larger part of the country at&t and verizon say by the end of this year, more than 150 million americans will have access to their 5g services. the fastest 5g networks are expected to be anywhere from 10 to 100 times faster than the current 4glte, that's according to wireless industry experts for example, a movie that normally downloads in say seven minutes could now download in six seconds. that stat from highspeedinternet dom. average 5g users will save nearly an entire day from each month from faster streaming and d

reporting its last with doug parker at the helm shares also down about 30% from the 52-week high phil lebeaury on the airlines this quarter. here with trades is danielle shay with shay trading welcome to both of you phil, is there any difference here >> slight difference in terms of where th stories here, kelly. q1, what do they expect. we know that q4 the numbers are probably going to be a little better than expected but still a loss but then in q1, what's the expectation? is it that we're going to see things improve following president's day weekend, the second half of february and into march? that's what we're hearing from other airlines then the rest of the year, how does it play out do we see these guys pivoting to getting back to profitability sometime later this year those are really the two primary issues that are going to come up, not only when the numbers come out but during the conference calls. >> danielle, why are the stocks down so much from their highs? what has changed >> well, you know, we have so many headwinds right now i mean obviously we have the latest variant, the omic

our phil lebeau. >> and finally, the volatility in thintech stocks in crypto has one prominent start-upnder i spoke with klarna ceo yesterday one-on-one he told me he's glad not to have the distraction. >> some people ask me, like, when are we going to ipo at the end of last year i said i think we're getting closer than what we have been, but i is also suggested i was slightly closer about the velocity in the markets and i feel slightly more confirmed in my worry, but i do also think to some degree we are one of a few thinteches that have not supported and i think if i look at some companies like square or paypal, it seems now that suddenly due to the massive exposure to bitcoin, there's a correlation between the price of bitcoin and the stock and i think it's challenging for them. in the firm's case, hopefully if i look at the numbers that some of the investment banks have represented i think maybe, maybe there is a conclusion that was on a massive rise as the leader into this market from a market share perspective is, you know, maybe affecting the view on some of our competitors, but

electric vehicles now, the question is will there be enough batteries and materials to meet demand phil lebeauhat catch working on a solution and he is one of the biggest names in the ev space phil. >> reporter: we are talking about the founder of tesla and for the last four years has been running his own company called red wood materials he left tesla in 2019 as the chief technology officer, but now at redwood this is a company that recycles batteries, specifically lithium-ion batteries. they are ramping up production today we talked to him outside a facility that the company is building next to the panasonic battery plant in sparks, nevada. this will be a $1 billion plant producing anode copper foil which is a critical component in lithium battery cells. the idea, supply enough of the copper foil to go into one million electric vehicles. here is the reason why projections on ev sales continue to go up as you see automakers saying we're not doing enough right now. it is about 4.5% of the market look where it is expected to be just in the u.s. by 2025, up to 12.5%. j.b. straubel says it may be

phil lebeau joins us on this first work day of 2022 phil >> reporter: andrew, reading through some of analysts notes coming in early this morning, look for almost all the analysts to raise their estimates for the fourth quarter and for 2022 when you look at the numbers for what tesla reported in the fourth quarter, far beyond what people are expecting, 308,600 vehicles the estimate for was 267 the most optimistic analysts expectation i saw was 295. so they surpassed all of that for the year well above expectations, delivering 936,132 vehicles. by the way, almost all of those vehicles were model 3s and model ys, as you look at the annual deliveries, the chart says it all, they are knocking on the door of surpassing 1 million in annual deliveries up 87% year over year compared to 2020 they are targeting 50% annual delivery growth. by the way, the analysts consensus right now is for 2022 deliveries to be 1.3 million, expect that to go up today or the next couple of days. they have the texas factory, that's expected to come on line any day now and potentially start deliveries in the first

phil lebeau is tracking the pullback for tesla mike, start usoff with the board of markets and what you're focusing on. >> not a lot of net movement the last few days but a lot of swings twitchy markets intraday the last three days the s&p 500 has lost a 1% rally at some point from high to low during the trading day. that's the case again today. this area right here, it's almost exactly the minus 10% from the record high threshold yesterday and today. it's roughly where the s&p kind of found just a little bit of traction but it's been hard to trust. you have oversold conditions and already pessimistic sentiment working against the flattening yield curve and the untrusty rally. at least in the short term, month to date, this is potentially a positive, massive underperformance by equities relative to bonds. that means as we get to month end, often, that you might have some rebalancing flows into equities that's a pretty big spread for less than a month in terms of, you know, stocks trailing bonds. also, the end of january is a strong seasonal period you have these new year flows, so maybe fo

phil lebeau has the numbers. >> a beat on the top and bottom line for tech. numbers here first of all, eps, 254 for the quarter and fourth quarter, expecting 236. revenue much better than expected 17.72 billion dollars expecting 16.57 billion dollars. just starting to dive into the numbers within the numbers but the one that's going to get a lot of attention, automotive gross margins, ex government credits 29.2%'s number we're seeing now tesla numbers. beat on the top and bottom line, but real fireworks, guys, comes during the conference all at 5:30 if elon musk is on what does he say about the company's product road map what we're focused on. back to you. >> phil, thank you. >>> stock down 4% after hours, mike seems like a miss on the margin point. what else stands out >> yeah. i mean, i suppose so i'm not sure that this stock was priced in such tight tolerances to the market expectations if that's what's really going on here feels it wasn't a blowout. we already no the volume and unit sales from tesla before we got the report it's all about the little numbe

while they outline the big ambitions the company's making batteries are seeing the stocks fall phil lebeauoves. phil >> not to be somebody who plays with puns but this is a case where the battery charging stocks or the battery stocks or the evs are running low and they need a charge. take a look. talking about solid power, quantity tum scape, stem all of them under pressure at or near 52-week lows. this despite the fact to see increased demand for electric vehicle just we talked about this over the last several months the number of electric vehicles in this country is 4% and ramps to 10% by 2025 and in terms of battery production it is going to quadruple here in the united states by 2025 according to alex partners, a consulting firm within the auto industry clearly we see greater demand there. why isn't this translating into greater excitement and anticipation coming to ev battery stocks couple things. near term the headlines are not good in terms of cost side of the equation lithium, the price doubled in the last year. we talked about this for the components baufrt greater demand they don

phil lebeau is looking at american and united for us hi, phil. >> hey, carl both of those stocks arethis morning we had united last night we'll talk about that in a bit for american, this was better than expected results for the fourth quarter on the top and bottom line. it's the guidance that people are focused on they're facing headwind in the first quarter with revenue down 20 to 22%, capacity down 8 to 10%, and their costs per available seat mile excluding fuel up 8 to 10% here's ceo doug parker from "squawk box" this morning talking about the current booking trends. >> the near-term bookings are still soft, net bookings we look at there are still people canceling trips they've made but that has gotten better here as we've come into january what looks really quite strong or relatively strong are bookings outside 30 to 60-day period, so that we feel good about. those numbers, again, are back above where they were pre-omicron. >> let's talk about united airlines which reported its result after the bell yesterday. like american, it beat on both the top and bottom line, though it was

up 11% for the year off on the 52-week highs joining us alaska air ceo along with our very own phil lebeaume to you both. phil >> thank you, kelly. ben, thanks for joining us today from alaska's headquarters in seattle. start first off, talked about the profitability in the fourth quarter and turning to profit. when you look at rest of 2022, i know this is a challenging first couple of months, but the rest of the year whshs do you expect things to really start to accelerate march and april? then what do you expect for the summer >> yeah. great to be here with you, phil and kelly. we're seeing a strengthening of bookings beyond present state and beyond right now our forecast for us to be profitable in march and in the second, third and fourth quarters bookings are picking up from lows in early january, and, yes, january and february will be hit hard with omicron. >> ben, talk about the cost impact you notice now. talked with a number of competitors. almost all say the same thing. costs an issue in 2022 whether it's wage inflation, fuel prices. how worried are you about inflation overall and

phil lebeau has more on the quarter. sla from tesla bulls in part because they don't have something fresh and tangible to look forward to. certainly not in the reference of new models. here is elon musk talking about what they are planning for 2022. >> introducing a new vehicle models this year, would not make any sense. so we will be constrained. >> that is the smart and rational answer given the situation in the supply chain right now. but that's not what many people wanted to hear what do the analysts think morgan stanley, nothing truly narrative changing for tesla bulls here tony at bernstein says, strong results but no work on a $25,000 car and seemingly struggling with cybertruck affordability. finally, brian johnson at barclays he wrote, we are concerned about the lack of a physical product piper. you look at shares of tesla, do not mistake musk's comments to mean there will not be an increase in deliveries he said they will be comfortably above 50 emerging% in terms of y growth the expectation on the street is tes

. >>> also news now out of boeing, phil lebeau has that for us. let's get over to him. morning and essentially formalizing what ceo dave calhoun had said during the analyst call last week, remember, the company still has not figured out exactly when it's going to resume deliveries of the 787 dreamliner. because of that dave calhoun said last week weexpect negative operating cash flow in the first quarter. in the 10k today, boeing formalizing that, saying we expect negative operating cash flows in future quarters until deliveries begin to return to historical levels. we may need to obtain additional financing in order to fund or operations and obligations stock not really moving on this. again, this is formalizing what dave calhoun said during the conference call last week, but the fact that they say quarters there makes you wonder if they believe that they may have negative operating cash flow beyond the first quarter again, guys, so much is tied into when do they resume deliveries of the 787 dreamliner guys, back to you? >> that's the key question meantime, stock is tr

but first, phil lebeau >> domestic airlines are going over the details of the agreement, and also the schedules and the fleets, the types of planes they fly, to make sure they don't encounter any problems and for some of the foreign airlines, they fly into the united states, some of them have already proactively canceled some of their flights into the u.s., because they were unsure what the agreement might be reached or when. so those schedules are to a certain extent paused. but that could change in the next day or two. >> what happens for people scheduled to fly tomorrow? >> well, the expectation is that the overwhelming majority of flights, really almost all of the flights, will take off as scheduled. i have not heard of any cancellations due to the 5g rollout. and the real concern is going to be when you have airports with bad weather or fog, where the radio altimeter is really necessary. the delay should avoid that problem. but this is one of the situations where they've kicked the can down the road a bit. >> phil, thank you the acting faa administrator, daniel elwell, thank you

like we have seen with the nasdaq >>> the number one performing stock in the s&p 500 today, ford phil lebeauain why. >> a big move for ford, up almost 12% after the company said when it comes to the f-150 lightning we will double our production plans here's what the company is planning to do with the new all-electric f-150 production will be almost doubled. 150,000 annual production by 2023 and, by the way, this week the company will open up those reservations now you can convert those into orders as you look at shares of ford up 170% in the last year. remember, the company is sitting on about 200,000 reservations for the f-150. look at shares of general motors the company released its fourth quarter sales. they were down 42.9% you might be saying that's terrible that was better than expected. fairly optimistic commentary about the chip supply improving. one reason why the stock was up more than 7% today gm lost the crown of number one in auto sales in the united states it was toyota edging gm by a little over 100,000 vehicles tomorrow, you do not want to miss our first on cnbc interview wit

airlines warning it could cause serious problems phil lebeau joins us with news we have just been made the white house saying there is an agreement that will allow 5g deployment limited. here's where things stand. you have verizon and at&t both saying we'll limit deploy. scheduled for tomorrow what degree is unclear flight cancelations with people at the airlines say it's possible and emirates suspended flights started tomorrow until several u.s. cities including chicago, boston, san francisco here's the statement of the white house saying this agreement protects flight safety allowing aviation operations to continue without significant disruption and bringing high-speed internet options to americans. to what degree will flights be delayed, canceled? looking at the large airline stocks keep in mind 5g is potentially according to the airlines to hurt the use of the radio altimeter which they need in bad or inclement weather. it may depend on the weather at different airports around the country and looking at jetblue the ceo said we'll have to prepare for the worst unless we get everythi

big interview with phil lebeau and mary bower and they're losing the u.s. sales to toyota. there are other stocks that are flying with nothing going on like wells fargo nesting club name. very inexpensive wells broke out for a second day. the stock of jpmorgan got slashed. honeywell saw its stock get downgraded with some comps that made me feel like management is out to lunch totally not true that same analyst suggested ge was a better buy they could do worse. it's not as simple as tech versus non-tech. there are plenty of cheap nontangible tech products. these are easily valued businesses that have a john deere like feel. interest rates won't go straight up even as buying yields are ripping today. the fed may not put through four rate hikes but the bottom line okta versus deere is the best way to understand the market okta, deere. no, it's not u.s. versus holmes. okta is guilty of something. it's guilty of being expensive maybe that's the only thing that matters in this market let's go to patrice in washington patrice? >> caller: hi, jim thanks for taking the call i wanted

nasdaq's now down more than 1% let's touch ford, though it's one of the biggest losers in the s&p 500 phil lebeau details of why. phil >> wolf, rough day for ford. remember, just a week ago this stock was trading over $25 a share. it was at a high that it hadn't seen since, i think, 2001. well, it's changed, and a lot changed today. stock down more than 7%. why? they announced q4 charges after the bell yesterday we're not going to go through all of them. but they included 1.7 billion for restructuring debt that has analysts rethinking their estimates for the fourth quarter in the full year anything ev stock right now, anything related to the evs, it's selling today and that means ford, which has been benefitting from its ev transition is now going to pay the price like other ev stocks analysts becoming more caution look, it still doubled in the last year,or man doubled so it's had a heck of a run. we'll get the latest numbers from ford in a couple of weeks on february 3rd. guys, back to you. >> phil lebeau, thank you very much >>> we are really selling off here into the close with just about a li

phil lebeau is here with more.tors are shrugging this news off >> from their perspective -- this is basically what the analysts belief, they believe most investors will look at airlines and say q1 was not going to be great. how much worse can it get? the summer should be better. that said, look at the cancellation numbers we are in the midst of really a two-week twav here the cancellations keep growing today more than 2,500, going the continue by the end of the day, following yesterday and on saturday when you had more than 2,400, and 2,700 respectively. southwest cancelling 18% of its flights today. why? some because of staffing with covid-19 spreading and crews being so thinly staffed. the other part of this is you have got a couple of storm systems that are going through the country hitting some big markets. because you have got thin staffing it is a snowball effect that's what we are seeing here the other thing to keep in minds, look at jetblue, the ceo sending a note to staff over the weekend saying the next c

. >>> we have a news alert on boeing phil lebeau with the story >> take a look at shares of boeing this order was expected. it has been talked about, hinted at over the last couple days it is now official a massive order with qatar air it will be the launch airline for the new triple 7 x freighter. 34 of them about been bought they're buying two of the existing 777 freighters. also a commitment for 257, 737 maxes. the stretch model. an omption for another 25 you're talking about an order that could reach 102 airplanes with engines included, the potential list price value, $34 billion. obviously planes and engines are never sold at list prices. but still, a massive, massive order for boeing and for ge aviation which will be providing the engines on the aircraft. so a huge, huge movefor boeing and that's why the stock is up today as they land a big order, potentially list value price of $34 billion with qatar air >> looking to break out to session highs. you were 3.4%. bill, thank you so much. we appreciate it boeing helping the dow right now as well. the content race is hotter than ever

battery packs coming out of that factory >> we won't underestimate the supply chain any time soon phil lebeauk you for bringing that to us. >>> some positive buzz from the delivery space it's seen a rise in order volume and doordash ceo can add meta to his resume don't go away. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back bitcoin leverage is growing quickly. could it lead to another downturn kate rooney is with us kate could lead to downturn or upturn one thing you can bet on is volatility with more leverage. >> go either way here but result in more turbulence analysts tell me that is a risk and it definitely adds to the possibility of big price swings and, of course, volatility according to data leverage or people borrowing to make a trade hit all-time highs and total open contracts that is up 42% in the past month or so. another way the leverage ratio versus

report of the day, tesla stock volatile after being beat on early top lines, now down half percent, phil lebeau is following the action. >> i think the stock dropped after the supply chain comments and said oh, tesla will get hit with the supply chain issues but won't get more clarity until the conference call in 25 minutes. as you mentioned the company did beat top and bottom line handily earning 254 with revenue $17.72 billion, estimate $16.57 billion the numbers within the numbers are pretty darn good for the fourth quarter starting with automotive growth margin x government credit forget the 37.6% the one people are focused on came in 29.2%, better than the street expected which was 28.3%. operating margin 14.7% free cash flow $2.77 billion and in terms of production we didn't get a lot of guidance from the company but they did talk about where things stand with austin and berlin, both those factories are built and are already building vehicles but are still finalizing those vehicles but not yet delivering, in other words, they're not up and run and contributing to the number of vehicles th

phil lebeau explains why >> a big deal for boeing with qatar air.l that they announced in washington take a look at what boeing has sold to qatar. now, some of this is in the form of options some of it is a firm commitment. 34, this is a firm commitment, for the new 777 x freighter. they're going to be the launch customer there, two for the existing 777 freighter a commitment they hope will eventually be in order they expect it will be in order for 25 737-10, the extended versions of the max. 102 planes altogether when you include options. yeah, it's a big deal for both boeing as well as for ge remember, ge aviation providing the engines and services for those engines as part of this deal even though both of these stocks have struggled over the past couple months, the potential list value, $34 billion for the planes and the engines by the way, ge potentially in for $7 billion of that $34 billion. again, that's the list price things are never sold at list price in commercial aviation take a look at boeing versus airbus and we're showing you a one-yea

phil lebeau on boeing. >>> as we wrap up here on "squawk on the street," of course, we have the s&p a .7%, but it is the nasdaq and particularly many of those hard-hit growth stocks with high multiples that are staging quite a rebound this morning that will do it for us on "squawk on the street. "techcheck" starts now ♪ >>> good monday morning. welcome to "techcheck" i'm carl quintanilla with jon fortt and deirdre bosa today, stocks rally to close out the month of january the nasdaq higher by nearly 2%, trying to avoid the worst january ever coming as we await quarterly results from alphabet, amazon, metta, snap amd and others this week then more artists join neil young in calling for a boycott of spotify the stock gets an upgrade today and other subscription based companies. >>> plus, one wall street firm deciding to buy now. the analyst calling the bottom on a firm is with us this hour we'll start with the market, tech is surging at the end of what has been a tough month and we are set to get a whole roster of catalysts this week out of earnings >> carl, market giving back a little

let's get to phil lebeau with the details. >> much better than expected numbers. because nobody was close to expecting well over 900,000 vehicles to be delivered for the entire year. the consensus was 897. take a look at the annual sales growth for tesla and we're going all the way back to the beginning here this is a chart that i think if elon musk would have said this is our trajectory over the next ten years initially people would have scoffed he did say they would have growth in an s curve at first but then it would take off and it has taken off 936,000 topping that number for last year. by the way, that is 87% growth compared to 2020 sets up the question what would ko we expect next year the consensus is for 1.34 million teslas to be delivered. if that happens, from whereer that right now, that would be 43% growth and remember they have the texas and berlin plants ra that are scheduled to open shortly and they'll be ramping up production, feeding more of the demand that is out there but some people are saying 43%, i think that the number is going to be much h

flhts took off and land safely with no issues related to 5g again, that from american airles cnbc's phil lebeau for us. some foreign airlines still cancel flights over this rollout? >> they did, and that was done earlier in the day yesterday, shep, when there was still a lot of confusion about exactly what would be the agreement between the wireless companies and the airlines i should point out that a number of those foreign carriers have reinstated those flights as they have gotten a better sense of what will be happening at various airports and their confidence in their planes to land >> is there a timeline that we know of for a solution to this whole thing? >> no. and i think that's the frustrating thing for everybody who is involved here i should point out that the faa is going through all of the fleets that all of the airlines fly, and they're also going through all of the altimeters they use, the piece of equipment that could potentially be interfered with, with 5g, they're saying this is good to go, 62% of the fleet, by the way, is good to go and these altimeters are good to go so it's g

we have phil lebeau with us. >> joe, i think investors will come away seeing great numbers what do you have in 2022 it is focusing on more cash what they have. we will not go over the numbers. the focus for 2022 are a couple of things people caught on the call when elon musk got on we supply chain limited with capacity under utilized that is the case in 2022 the focus on driving efficiency and greater profitability with what they are making there are no new model annou announcements. here is elon musk. >> we do expect significant growth in 2022 over 2021 you know, comfortably 50% growth in 2022. >> look, if you are a tesla investor, that's what you want to hear. 50%. they said a couple of quarters ago, we will grow by at least 50% every single year. that's what they did last year the estimate for 2022 is deliveries of 1.48 million most were between 1.3 million and 1.5 million. what about the cyber truck we thought we would see it at the end of last year then by the end of this year that is starting to change over the last couple months. elon musk said it is unlikely to happen it won't

i want to go straight to phil lebeau who joins us this morning with a very special guest. >> thank young us from the company's operation center in ft. worth. you have a loss for the fourth quarter, but the question becomes how much of an impact did you notice from the omicron resurgence let's say the last ten days of the fourth quarter >> thanks phil, the quarterly results i want to start by saying how proud are we what our team accomplished in the entire 2021 year. we grew if a year where it was most important to react-acceler demand, we ran the best over our full year history and completion factor our customers noticed. in 2021, the highest they have been really, really proud of how the team performed it gives us great confident as we go forward. as omicron had an absolute best fourth quarter. >> go ahead, you can finish. >> sure. that's fine. certain areas had an impact on the quarter. these results would have been better were it not for omicron. we saw a large increase in cancellations, our net bookings through the quarter were fell from what had been about 80% of 2019 levels to le

when we come back phil lebeau are going to bring highlights this conversations with jim foley on whatre watching "squawk box" on cnbc indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >>> new details this morning on ford's push into electric vehicles phil lebeau joins us now with more hey, phil. >> hey, joe, we're talking about commercial vans, and know it's not as sexy as the f150 lightening or the mach e auto makers are likely to see their biggest gains at least over the next couple of years. and here's why we're showing you here the ford pro e transit van. these deliveries start over the next few weeks maybe the next quarter here they already have orders topping 10,000 including a large order for 1,000 from wal-mart, more than 300 customers including wal-mart have already placed orders for e-transits. and for ford this is critical because the commercial van market is one that they have long led both here in north america as well as in europe here are the market share numbers from last year according to lmc autoimative yo

phil lebeau joins us with more this is the deadline that hits that hey there's a lot of fallout here. should know by the middle of today, late afternoon, early evening, whether or not this truly leads to either cancellations or the airlines saying we're going to bring back our schedule because we're concerned about flights going to certain airports like seattle, chicago o'hare, those are two airports where there's genuine concern within the industry there could be 5g interference with some of the aircraft landing there 5g deployment is going to be turned on tomorrow, that's the plan at midnight, 12:01 a.m. on wednesday. airlines, cargo operators may cancel flights all of the major ceos issued a warning yesterday, the concern, interference from 5g close to 2 miles. in a letter yesterday, the ceos said unless our major hubs are cleared to fly, the vast majority of the traveling and shipping public will be grounded steve dickson has also issued what their analysis shows the number of planes set to land in tricky conditions they say it's about 45%. so they say 5g could affect flights unle

our phil lebeau has the irl ceo. >> let's bring in robin hayes of jetblue.g first of the results but i want your reaction of news that the faa working with at&t and verizon they have come to agreement to have better precision in terms of mapping the burve zones around airports for 5g and more irpts open without worries about the 5g issues and more towers that they will be able to turn on this is a heck of a three weeks, four weeks working through this issue. >> yeah. good morning, phil yeah it's very good news. it's a process there's no reason why 5g and aviation can't coexist perfectly safely but to do that you got to dive into important details by aircraft type, by tower and that work's underway and get the information this is great because it is going to allow more airplanes to operate in a way we used to. >> now the results that you reported yesterday you said it at the time that omicron would have an impact on the fourth quarter and it did. cancelations have come down since the early part of january. do you feel like the position now, it is tough, but p

let's get to phil lebeau and the newsline. >> reporter: sarah, look at shares of rivian, which were undern about 4.5% the company's coo, rod copes, departed the company in december this was initially reported by dow jones. we have confirmed it with rivian rivian says that his departure was part of a months-long planned retirement nonetheless, his departure is one more headline that will have people saying, okay, where is this company as it tries to roll out three different products at the same time, a challenge for any company but especially a startup like rivian. so, again, shares of rivian under pressure following the departure of copes at this point rivian says his duties will be absorbed by others in the management team. no plan at this point to name a specific person as the next coo. back to you. >> thanks, phil. the stock down 4.5% after hours at this point. >>> a volatile day for stocks with major averages rallying off the lows into the close. the nasdaq the best performer of the indexes, squeaking out a gain let's bring in katie stockton from fair leaf strategies for a technical t

let's get back to phil lebeau out with gm. >> q4 sales a little better than expected but these are notquarter or december baz of the limited supply due to chip prices. non nonetheless, better than the estimate, for a decline of 46% i want to show you a chart comparing the two stocks the sales numbers for gm came in at 2.2 million and toyota, 2.3 million. r not a surprise gm out sold -- toyota out sold general motors it will be interesting when you have a normal chip supply and none of the strange things we've seen to see what the market share will be. but again, toyota outselling general moters for the first time for a full year >> and shares of both stocks are higher today the real estate industry in new york city is well, booming robert >> reporter: good morning, morgan apartment and town house sales hitting an all-time record of $30 billion last year. and what started as a buyers marked a year ago is a sellers market and apartments sold for 98% of the asking price median sale price is jumping 11% in the fourth quarter. the average price will cost you 9.95 million prices fell 6 to 7%

. >>> welcome back, phil lebeau is here with a preview on what to expect >> remember last week he guided 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 what we could expect, a greater than expected slow down. what about a transatlantic rebound this summer? don't forget we're talking with ed bastian exclusive tomorrow. we'll talk with him at 7:0 back to you. >>> thank you, phil. >>> besides the delta numbers, guys, we'll also be watch fog this continued calm we have seen, mike, in the market, goods on a few days it seems like the market hasn't shifted on the outlook. it's just a little calmer about it the market kind of got there you know, that sort of priced in what we might expect it's also noteworthy we got to these levels for the first time in early november. since then the market has radically ramped up. the inflation is not recall le calmed

the s&p nearly there ev stocks had a voltie day let's get to phil lebeau for a breakdown. >> they wereown anywhere between 5% and 10%, but like the rest of the market, they have come back a bit. let's start with tesla remember, this was a stock that was trading under $900 a share briefly today. i believe it's back up over $900 a share. we get the q4 numbers from tesla after the bell on wednesday. rivian, fisker, and lucid. we'll show you these going back to november 15th that was the near high shortly after the rivian ipo if you look at the stocks, they have come back today they're down anywhere between 35% and 65% since that mid-november date, and finally, we want to leave you with workhorse and lordstown motors we're going to show you these two. lordstown did go back positive late this afternoon. these stocks are down more than 90% over the last year more than 90%, guys, but overall, the ev stocks coming back a little bit after being down 5% to 10% earlier today >> certainly coming back a lot, as has the broader market. thank you so much. mike santoli, all three of the major averages

have been able to sell it earlier they probably would have benefitted a great deal tesla shares, phil lebeauout, morgan on twitter, down about 17%. below a $900 billion market value. we get to netflix, which reported -- very disappointed guidance last week, netflix is off 40% now, let's called it 39.2% for the year with that 8% decline there. many of the names we watched, all the netflix, by the way -- had a decent year, not the greatest performer many of the high flyers, nvidia, amd, the aforementioned rivian, tesla, backing off dramatically with the sell-off of late. >> yeah, netflix down another 8% today. it's just very indicative of the broader, to your point, to the broader action we are seeing in the market right now and the fact that you have some of these high-flying or previously high-flying pandemic beneficiaries, stay at home so-called stay at home stocks that have soiled off just so aggressively in reweeks and cou be a canary in the coal mine in terms of normalization and what that looks like and the equity markets in the midst of a federal tightening cycle that could be aggressi

let's get to phil lebeau with those numbers. orning >> reporter: good morning, joe this is a beat on the top of the bottom line for delta. the company earning 22 cents a share. the consensus facts that first estimate was 14 cents a share revenue coming in many at 9.47 billion, better than the estimate the impact of omicron in the fourth quarter which is going to get attention, $80 million but remember, they had seen improving operations starting really in the middle of november all the way up probably until christmas week and that's the reason you have better than expected earnings for the fourth quarter. the company said operations have stabilized over the last week. and expects demand recovery starting towards the end of this month and then into february and picking up during president's day weekend all the way through the end of march it is confident the spring and summer travel season will be strong and it is reafirming its guidance for all of '22. they said it last month during analyst day new york, reaffirming guidance on c

adoption of electric vehicles accelerating he's in a good position to do something about it our phil lebeaus bring in the ceo of volkswagon america, scott keogh q4 up 15%. how is the chip supply, how is your inventory looking right now? >> well, phil, first and foremost, we had a great year overall. the market was up about 3 points we were up 15 points as you saw. and we gained market share so we had a very good year look, chip supply is going to continue to be a problem without a doubt through 2022 i think a primary reason is demand is so incredibly strong so i see demand continuing to outstrip supply. the reason being, honestly, if you look at this year, 15 million units were sold, there was probably demand for 17 million. that means 2 million are move nook the marketplace of 20s 22 when i look at stocks, the good news is lick quiddity is extremely strong we're turning nearly every one of our cars every single month supply is tight, under 10 million cars oak which is unhe-- on the ground which is unheard of. >> you will be making patry packs there this year and actually manufacturing the