pippa stevens is here with that. pippa. >> brian, shares of disney are popping in the pre-market on the heels of the first quarter top and bottom line beat that shows smaller subscriber losses. the story from the call and report is the restructuring plan unveiled by ceo bob iger disney says it plans to cut 7,000 jobs and slash $5.5 billion in costs as part of the reorganizat reorganization here is iger from the call last night. >> i have always believed that the best way to spur creativity is to make sure that people managing the creative processes feel empowered therefore, our new structure is aimed at returning greater authority to the creative leaders and making them accountable for how content performs financially the former structure severed that link and it must be res restored >> iger says it will be three segments disney entertainment which is streaming and media. espn which includes the tv network and espn plus and parks and experiences unit this move is significant for iger since he returned as ceo in novem

pippa stevens is in with that and more pippa. >> good morning, brian the axe is swinging across corporate america again. yahoo! will layoff 20% of the staff. 1,600 by year's end. starting with 1,000 cuts this week alone yahoo! which is majority owned by apollo global says the layoffs will streamline operations in the ad unit. >>> and news corp is cutting 5% of its work force by the end of the year amid weakness in the t advertising unit. >>> and adani hiring the firm to fight back against claims from hindenberg research. it will cut the holdings of four adani companies. >>> citi is dropped from the group set to cover the biggest muni bond deal in texas. the bank discriminates against the firearms industry. the texas natural gas finance corporation met last night and dropped citi from the $3.4 billion offering brian, the layoffs in corporate america are piling up here >> you wonder, pippa, if this is a tell on the economy or rather them over-hiring during the pandemic i guess only time will ell still, every day we come on and you come on and we talk about 10,000 here and 20,000 here. it's

pippa, see you later on. >>> u.s. stocks pointing to a lower open goldman sachs says there is a new reason to be bullish on a note from his team following the friday blowout jobs report, quote, recent macro developments have strengthened our economic confidence to a soft landing interesting note joining me now is gina sanchez she is our cnbc contributor. we will get to her in a moment technical difficulties >>> we turn our attention to a story with the u.s. navy ships look for the chinese spy balloon which the u.s. shot down off the coast of south carolina. china stepping up with a formal protest after calling it overreaction we have brie jackson joining us from washington, d.c >> reporter: good morning, frank. the president's allies are praising him and critics say the administration should have shot down the surveillance balloon sooner eyes were flood to the sky on saturday >> i ordered the pentagon to shoot it down. >> reporter: first detecting the balloon in alaska on january 28th crossing over to montana, wyoming

pippa, thank you who would have thought bed, bath & beyond the favorite stock. the new gamestop >>> right now, back to the broader markets and investors with the cause for concern and what it is all about which is the federal reserve. raphael bostic highlighting the jobs numbers central bank may have to raise rates more to try to cool inflation is what he said. this comes after jay powell will speak this afternoon that could be a market mover joining us to talk about it is bill stone, chief investment officer, of the glenvue trust. you will not say selling everything and invest in bbby. that is not what you are going to say what are you advising clients to do after what was a red hot start to the year for stocks >> i think stay the course be mindful that we may not be through the volatility we certainly, you know, here is where it gets difficult. the payroll numbers certainly changed my math on bringing down the odds of recession. it didn't change the i still think it will happen thought, but it makes me less sure of that call. you have a lot of the growth ier s

pippa stevens is here with that and more pippa. >> brian, ford is expected to announce a plan to build a lithium battery plant in michigan reuters stating that could come today. ford will own and operate the plant with the chinese battery maker as the partner it is expected to eventually employ at least 2,500 workers. >>> metadelayed the budgets of multiple teams as the company prepares for more cuts the financial times citing to meta employees there has been lack of clarity. meta cut 11,000 jobs in november. >>> markets have had a good start to the year, but investors are exiting funds that track u.s. stocks. data shows they pulled $31 billion from mutual funds and etfs in the last six weeks the longest streak since last summer the most pulled from domestic stock funds to start a year since 2016 over the sabineme period, they funneled to international equity funds and $24 billion in taxable bonds. brian, investors are looking abroad >> yes, they are as julianna said, inflation and fed and central banks are all a global story pippa, see kyou in a few moments >>> to a developing story a

let's check in with pippa. >>> good morning. i'm pippa stevens from cnbc. wall street is set for a lower open after stocks fell yesterday. the dow jones was down 50 points while the s&p 500 and nasdaq lost about 1%. all three are in track to end the week in the red with the nasdaq leading the losses down almost 2%. in focus, comments from two top federal reserve officials and data on consumer sentiment. meanwhile, adidas warns it could lose more than $1 billion in revenue this year if it can't sell its remaining stock of yeezy shoes. they decided to ditch the highly profitable yeezy brand that had been operating with kanye west. in the worst case scenario, adidas says it will have to write off all the remaining inventory. chick-fil-a is testing it's first plant-based entree, a breaded caller sandwich, it will be available in colorado, south carolina and north carolina. it has seasoned breading, two pickle slices and a bun. the cauliflower is marinaded in a buffalo sauce. it's not fully vegan because the breading contains milk and eggs. chick-fil-a will dete

we'll check in with pippa. >>> good morning, i'm pippa stevens from cnbc. wall street is set to open higher after stocks ended in the red yesterday. yields on u.s. treasury bonds rose, pressuring tech and growth stocks. the dow slipping for the third straight session while the nasdaq was down 1%. the focus today, a speech by federal reserve chairman jay powell. investors are hoping for clarity on where interest rates are headed after the fed raised them by a smaller amount last week. we also get earnings from dupont and chipotle. and amc will start pricing movie tickets based on where you want to sit in the theatre. the new program called sight line at amc launches this friday. there are three tears. value, standard, and preferred. value is for seats in the front row and will cost less. standard seats are available at the normal cost of tickets. preferred, which includes select seats in the middle of the theatre, will cost you the most. amc rewards members can access preferred seats at no extra charge. tinder is rolling out safety features. you can use inco

pippa stevens has the latest. >> they look to reduce costs, focus on growth, an navigate what it callsconomic headwinds. zoom video announced it's slashing 15% of its own global workforce. microsoft plans to release software to other large companies to help them create their own ai chat box with azure being the new backbone of any technology this comes after the latest bing unveil yesterday speaking with cnbc yesterday they're calling it a paradigm shift for the industry. >> to me these paradigm shifts or platform shifts are a great opportunity for us to innovate the first thing that is a priority for me is not about dethroning anybody it's more a priority for us to say how can we rethink what they can do i think the ai era that we're entering gets us to think about it. >> and we are watching shares of bed bath and beyond after the stocks slid nearly 50% yesterday following that 11th hour financing deal the stock continues to be the number one mentioned ticker on reddit's wallstreetbets. shares are up about 4% brian, we talk about this company daily at this point. >> 4% is like the sma

we'll check in with pippa. >>> good morning. i'm pippa stevens from cnbc.l street is set to open lower following a volatile session yesterday. stocks popped as federal reserve chairman jay powell said inflation is easing, reiterating comments he made after the fed raised interest rates last week. the markets turned lower when powell then said the fed may have to do more if inflation pushes higher or we get more strong jobs data. the dow, nasdaq and s&p 500 all ending higher. in focus today, earnings from cvs, uber and disney. elon musk says tesla will unveil part three of the company's master plan on march 1st. it aims to set the global economy on a path to a sustainable energy future. musk unveiled part two of the plan in 2016 with pillars including rolling out self-driving technology, a solar roof product and enabling owners to rent their vehicles as part of a shared fleet. now, none of those have been fully achieved yet. and roku users will soon be able to order a frosty straight from their tv. the streaming service is teaming up with doordash on shoppab

just kidding. >> thanks, pippa. >>> it is 4:43. we're going to continue our series discover black heritage and a disease disproportionately affecting black communities. >> the ability to potentially prevent it or slow it is huge, groundbreaking, something that we really need. >> next on "today in the bay," an in-depth conversation about a new drug helping treat patients with alzheimer's. stick around. ch more ahead.mu >>> wake up, san francisco. good morning to you and the rest of the bay area, as we get started with this monday morning. getting a look at what's happening outside. how does it feel is the question. meteorologist kari hall is here. >> it's cold. we're going to have cold mornings ahead, even freezing temperatures going throughout the week. and it was so comfortable and nice over the weekend, but we are about to see some changes. take a look at the fog rolling over the bay bridge right now. you can see the salesforce tower is, at times, foggy in some spots. but we are going to see some gusty winds picking up. that's go

pippa stevens. contessa brewer for a cnbc news update contessa >> hello there, tyler.ocratic senator dianne feinstein of california, the oldest member of congress at 89 years old, says she will not run for re-election next year but will serve out the remainder of her term her decision clears the way for two house democrats who already have announced they're running for the seat katie porter and adam schiff and others have expressed interest >>> an expert says a new study published today could be a game changer for a male contraceptive. this is perfect timing for valentine's day. it shows when a drug is injected into a male mouse its sperm stops moving within 30 minutes, preventing a female mouse from becoming pregnant. a few hours later the mouse's sperm returns to normal. the study's authors say it could take years to develop a medical product for humans >>> and since it is valentine's day, a giant panda in japan got a special treat. a jumbo dumpling made of bamboo flour and apple sticks cut into heart shapes it would be fun if you could see it ai-mai has fathered 60

let's get to shake shack a stock up 40% this year alone pippa stevens has a preview of those results.i, pippa. >> con tatescontessa, shake shal look at the health of the consumer we heard people are still eating out despite fears of a looming recession. analysts expected company to report a loss of 11 cents per share for the fourth quarter on revenue of 2$238.2 million according to estimates the key thing to watch is same-store sales we have an idea of the q4 metrics since shake shack posted preliminary results in january showing sales rising 5.1% in 2022 analysts will watch for comments around how traffic has been this year with wall street forecasting same-store sales rising 8.5% in q1 according to estimates. shares of shake shack are down more than 40% so far this year contes contessa, back to you. >> thank you check out shares of cisco systems. popping 10% after the second quarter results before it pared back gains cisco earnings beat forecast management raising guidance with revenue growth of 9% to 11%. on the call, ceo chuck robbins said they are in the best shape since he took

>> thank you very much, pippa stevens.the first time interview with rachel ruegggeri. did i say ceo? cfo. >> well, i don't listen. >> i know. to me in particular. >> you usually do that to me. >> it's true >> give them a pass in china that's fine. 24 times next year's numbers and few armchair technicians throughout, you go back to the summer of 2019 one shoulder $100. the all-time high year and a half ago sell-off this high failing you have head and shoulders building dan nathan. it comes down to valuation china was a disaster you can kind of explain that away it comes down to a valuation story, and i think it's too rich in this environment. >>> all right there is a lot more "fast money" to come on a very busy night. here is what is coming up next >> buckle up carvana is taking investors for a ride shares surging this week along with a handful of other highly shorted stocks but is the stock really out of the woods? the details, next. >>>, stocks surging on the back of meta's best day in a decade the rip-roaring rally caugh

pippa, thank you very much, pippa stevens, everybody >>> munis were hot and high yield was not. the money is flowing and the tax-free areas to buy now is next boost your team's productivity with samsung's fastest processor yet. switch and save up to $1000 on the new galaxy s23 ultra. now that's epic. on the network america relies on. >>> welcome back to "the exchange." the ten-year yield hitting its high let's track where the money is going. february 15th, investment grade bonds saw inflous. these have all had a pretty strong start to the year after a dismal 2022. what will the next move bring? let's bring in nisha patel, managing director and portfolio director at parametric even though it's risk on for stocks, are we starting to see risk off in the bond landscape >> i think it's important to note this past january from a performance standpoint was e treemly strong munis came roaring back, second-baste january of performance. that was really a result of a lot of money that left the market last year coming in, giving very higher yields and cheaper valuations now we're just this

energy holding up despite another big drop in natural gas prices joining us now with more pippa stevensat's happening in nat gas? >> more on that in one second but starting first with oil which is trading a little bit lower in a pretty tight range ahead of tomorrow's fed minutes released wti contract for march delivery does expire today. so we're seeing a little bit more activity in april which is trading at a bit of a premium. but nat gas is the big mover down more than 8% and falling to the lowest since september 2020 and really in danger within falling below that $2 level. we've talked about how this is because of the freeport facility being offline. that's about 2% of u.s. demand as well as the weather now, drilling down on that weather point, as this chart from bank of america shows, you can see that demand this winter has been about 1.3 billion cubic feet below last year and it is well below the five-year average. so that means that the situation in storage has swung from a 300 billion cubic feet deficit at the end of last year to now being about 9% more than the five-year average

stevens joins us with the latest pippa. >> that's right.s consumers are finally reacting to the aggressive price action chipotle took last year, same-store sales rose 5.6% during q4 while analysts were looking for 6.9% brian niccol saying it was a tough quarter. he noted the chain didn't see the pop and momentum they typically see around the holidays he said that went hand in hand with softer retail sales transaction trends did improve over the course of last year and turned positive during q1 but is ag against omicron numbers. menu price increases and lower avocado prices offset elevated across the board, most notably for bean, rice and salsa for the first quarter chipotle expects pricing to be between 9% and 10% higher year over year, melissa. >> all right, thank you very much pippa stevens. don't miss an exclusive interview with chipotle's ceo brian niccol on "mad money." let's trade this burrito burnout, the first time we used that term, blow-out good or bad we say >> we traded up to levels we saw basically in the fall and we're failing

>> pippa, thanks pippa stevens. by the way, it's a 37% shortage on this one.surprising guy, we haven't talked about beyond meat in a long time >> for a myriad of different reasons. the -- yes, you can see it bounce in this name. when she said beef jerky, you giggled, and i giggled i know we have coco beware here. >> it's just jerky because there is no beef >> i thought that was a little harsh. but i also thought what could happen. >> jerky >> beyond jerky in your constitution would be -- >> if you go back to the -- i'm sorry, mike. but trading places when eddie murphy was in the train and he explained what beef jerky did to his constitution. >> true. >> you can imagine what it does to mine as well. >> so ditto that. >> real quick, they did a secondary a couple months after the ipo at $160 a share. good for them. >> good for them. >> those were the days >> for them. >>> let's move on to the airlines now outperforming the broader markets with american jumping almost 2%. the stock is now up more than 24% this year. and one options whale is betting that it could f

pippa stevens is here with more. >> it is taking a breather the last month with prices retreating froms global prices down 11% prices in the chinese spot market down more than 20% since december there are a couple of reasons for the weakness higher inventory and change in china ev subsidies and battery making cutting priors i prices market share prices surged more than 800% in the last three years the pull back could be healthy cheaper batteries will accelerate the ev movement prices could fall quite a bit more with the latest rally and still being high enough for production we have seen weakness in the mining stocks this month albemarle and livent trading in the red. >> this is interesting new evs every day. a pull back in lithium is it temporary? >> it is all supply and demand i think especially on the demdemand side of course, when prices get too high, it kills demand. benchmark talked about the sweet spot where the prices are high enough for production, but not so high that the ev makers have to pay top dollar. he pegs that level between $30 and $35 per kilogram ultimately, they se

cautious comments from solar executives the stocks under pressure, too, pippa. >> dropping over the lasts there could be a growth slowdown ahead first we hard from enphase ceo who said he expected the market to be lower in key one compared to q4. he's not optimistic about u.s. market growth and expects it to be flat this year. solar is coming off a record 2022 and we're only six weeks into the year. mckenzie forecast rooftop installations to be as much as 10% lower this year. higher rates and california's new policy among the factors weighing both enphase and solaredge are doubling down on plans to build manufacturing facilities they say things are still looking good in europe this industry has hinged on this dramatic growth profile. so signs that could be cracking. >> how reactive are these companies to the price of oil or the price of natural gas in other words, i would guess that people would be inclined to do these installations when natural gas prices are very high >> that's right. lech tris prices are still up, nat gas has come down as you talked about, we haven't seen that reflect

pippa stevens, what's going on with oil >> oil is lower off the worst levels of the day. it is the macro factors dollars, strength, what more rate hikes might mean for the demand. we got a call from goldman sachs yesterday pounding the table on triple digit prices. they see the market flipping into a deficit by june, and they said even if opec and its allies unwind those production cuts come june, the boom in chinese demand will offset those new barrels. however, this boom in chinese demand has really yet to materialize, despite people pointing to this as a key catalyst for quite a long time. >> it's china is what they're counting on to drive >> everyone is counting on china. seems like china is what could meaningfully push prices higher. we've seen oil in this range 70 and 82 and there has yet to be a strong catalyst in any direction. china demand is the one everyone keeps pointing to, all the oil bulls. for the bears, it's the point that hasn't materialized yet. >> may i ask what's going on with lithium prices? we talked about the decline but is it picking up speed >> c

let's turn -- thank you, pippa -- to merck now. is the story here >> well, kelly, the story with merck is massive cancer drug, both because of the growth it brings and the fears of what happens when it starts to lose patent protection in about five years. in the near term, it is expected to be a big growth driver for the company. so that will be closely watched. along with the vaccine gardisil is another big driver. within that cancer category, of course, combinations with the personalized cancer vaccine. and how are they going to fill that revenue gap in five years through business development and m&a. so what will they say around that part of their business, as well >> all right courtney, what do you do with merck here, do you like snit >> i do like this. this is one of the only ones that is down so far this year. it is underperforming the markets that leads to some opportunities. just to echo your point here, this is like their big driver right now, which we are still five years away from them losing exclusivity. it will continu

europe is definitely the driver. >> pippa stevens >>> now, to the cnbc news update >> thank you, tylers happening at this hour russian diplomats are warning britain not to send fighter jets to ukraine the task news agency says there will be military and political consequences for europe and the entire world those remarks coming after britain's prime minister is considering fighter planes as part of new support for ukraine. >>> paris officials are calling for russia to be banned from next year's olympics in their city the mayor calls it a push for peace they're taking to the international olympic committee, which will make its final decision on russia's participation in the paris games shortly. >>> another act of vandalism at a major zoo. the houston zoo says it found a four-inch hole cut into the mesh fence of the brown pelican habitat. no animals were harmed and all have been accounted for. it's the latest incident at american zoos, including monkeys taken from the dallas zoo and another in louisiana there's a joke somewhere there >> i believe there was an owl that was loose from the

pippa, thank you very much >>> still ahead, a growing china divide in the latest f-13 filings.ellers, that's coming up next rail vision is at the forefront of an evolution in train safety. using advanced sensors, ai and big data technologies rail vision is taking rail into the future, making it safer and more efficient, reducing railway accidents and downtime saving lives and money. billions of dollars are expected to be invested in rail safety in the coming years. rail vision has the solution today. learn more at rvsvinfo.com. rail vision is at the forefront 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 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >>> welcome back to "the

whatever happened to violence are red -- >> that's what happened to us, pippa. >> plus, you would get charming note and you get to meet the guy -- >> or the woman might be the one using it, just saying. >> not this woman. >> no, you are very creative. >>> we are five days away, speaking of valentine's day. if you are looking for gifts we have you covered. ahead on "today in the bay," ahead on "today in the bay," kari hall has an as i was saying earlier in the meeting, i think it would... hey sharon, did you know triscuit is crunchy on the outside yet incredibly wholesome on the inside. just like me. you forgot salty. i'm not salty. triscuit. unapologetically wholesome. are. let's take a live look on the bay bridge toll plaza. the cars are getting started with the day and so are we. we will get you started with the forecast this morning, but before we get to that, the roads are looking good. >> my forecast is cold. we are going to start in the south bay because we have potential hazards. i talked about it being cold, but there's a fire reported near monterey road near tully. it's on st

pippa stevens. >> no new jargon here.s lower on fears the fed tightening will hit demand nat gas, though, up by more than 5% some of that is thanks to the contract contract expiration on friday we also this h. freeport lng say yesterday they have gotten complete regulatory approval to restart xheshlg operations at their texas facility which of course has been a big overhang on the market. >> we went under 2 last night. >> we did. this morning we got below that $2 and then we saw that bounce it's probably because of this contract expiration but i've seen a lot of different opinions about is the low in. people don't want to seem to want to make bets. but one thing i did want to focus on today is the refiners who we don't talk a whole lot about them and last year we had so much focus on exxon and chevron with their record years but the refiners also had record years and they're basically printing money and last year they wanted to take advantage of the strong product pricing so they ran flat out. utilization was about 95%. s

hovering near 52-week lows, 52-week lows for oil places while equities remain near 52-week highs and pippa has more on this. >> the first thing i think, of course, kelly, shareholder return program if there's been a theme of energy earnings so far it's that these companies are making a lot of money but we have seen a slight divergence in what they're choosing to do with their cash chevron and shell increased their buyback programs while ex-amazon notably did not and maybe investors had thought they would and so what direction is bp going to go in? then, of course, the company's outlook on oil and gas prices has a pretty robust refining and marketing division, meaning it's not quite as leveraged to commodity prices as some of its peers but last week bp said they think that the peak of oil demand -- sorry, oil and gas demand will come sooner than previously expected thanks to russia's invasion of ukraine and that that will hasten the transition away to renewables. with that longer term forecast how are they thinking about the short and near term production policies finally how are they think

with your cnbc morning business report, i'm pippa stevens. >> thanks, pippa. >>> well, the science behinde is in the spotlight ahead of valentine's day, tomorrow. "today's" jenna bush hager is getting a firsthand look at the technology to explain love from a professor who has been studying this for decades. how do our brains react and how do feelings evolve when looking at loved ones and even strangers? >> i think what's important to realize is that it's normal and okay for love feelings to change over time, especially to decrease in long-term relationships. it doesn't necessarily mean you need to break up. >> you can watch jenna being put to the test later this morning on the "today" show. that's at 7:00 right after us here on "today in the bay." >>> 5:18 right now, and if you are still one of the many looking for love, new research shows that you might be barking up the wrong tree. >> that's right. trending this morning, world's best cat litter commissioned a poll. you see where this is going. it found the majority of people find potential suitors more attractive if they have pictures o

pippa stevens. >> hello oil is lower, seventh straight week of inventory builds nat gas is higher aftersaw a draw day, making back some of yesterday's losses i wanted to point out shares of uranium company camaco jumping after the company reported results. they gave upbeat guidance, increasing production. i think most importantly was last night they announced a 12-year agreement with ukraine's state-owned nuclear facility and so they will be supplying all of that uranium which comes after president zelenskyy on sunday said he is sanctioning the russian uranium industry and so now the utilities will have to compete for the remaining uranium on the market. so that's also boosting the ura and the urnm today. >> great point to go back to oil, seventh straight week of losses? >> of building inventory. >> building inventory. that's why we have seen such pressure on the prices jim o'neil is scratching his head to say, why if this is all pointing toward more economic activity, more global demand, why aren't these prices responding higher? and this is what ed moore said, prices are going to fall

the call does happen tomorrow morning so we will be listening for more on that. >> all right thanks pippatevens. >>> i think they put out 8 to $9 of earning which i think was pretty good. i always think it's hard to -- how can you estimate what will happen in this environment and yet they feel the need to. if that's the case, then not crazy expensive at all. >> this a very different housing cycle, i guess, certainly than the great financial crisis. >> these are higher price point homes. >> and they run their business better gross margins up so they are doing a good job and you look through the numbers. it's pretty good it's not really -- and i think it's not a valuation story it's how well they are running and the backlog. the backlog is strong. so these stocks have held in relatively well and i can't believe i am about to say this, but toll brothers you could own here. >> yeah. and i think everybody has been waiting for this huge drop to happen in housing. i don't see that happening because there is a huge supply and demand issue a majority of housing is existing homes as mortgage rates

. >> yes, to pippa's point, in the last one year it's up about 50%. investors have been doing the hokey pokey inside of growth and value, but what has been a theme that continues to connect with investors? it's energy. so if you look at a name like xnl and it's one-tenth the size of exxon and it's mostly double the s&p 500 and there is risk reward, and warren buffett, and i'm pretty sure warren has a track record and that's a fortifying reason to own, but if you look at the chart here, it makes a ton of sense and support here at $55 and the ability of a short-term price target, kelly, 75 bucks. >> so is the hokey pokey a good thing? >> a lot of people have been trying to figure out growth value and nonetheless, energy, occi was almost left for dead and it's the comeback kid and i don't know if you have the music and l.l. cool j, don't call it a comek bah. it's been around for years >> pippa, stay there and we'll talk target. the opposite story here, they had a bad 2022 and a 13% gain to start this year. big question, is the consumer pulling back have

. >>> good morning, i'm pippa stevens from cnbc. wall street is set to open lower as we await a speech by federal reserve chair jay powell this week. stocks falling on industry after the stronger than expected jobs report, which raised worries the fed may continue hiking interest rates for a while. however, the s&p 500 and nasdaq were still positive for the week. in focus this week, earnings from disney, dupont, uber and lift, and that speech from fed chair jay powell tomorrow. meantime, apple is exploring the idea of launching a more expensive iphone ultra priced above the iphone pro and pro max models. bloomberg says the new device could arrive as soon as next year, with the iphone 16 lineup. it's unclear what type of features would come with the ultra, but it may offer a better camera, a faster chip, and possibly an even bigger display. >> and twitter wants to cash in on businesses on the platform by charging them $1,000 per month to keep their good verified checkmarks. it's reported internal memos show twitter is also looking to

we're seeing the effects when you talk to pippa about this yesterday we see gasoline prices could behigher than oil prices because of the lack of refining capacity i'm curious about the energy transition here. >> exactly what we've been talking about, a massive wake up call for the energy sector energy prices have been high for ages what happened in 2014 when russia annexed ukraine, the european energy commission said for every unit of natural gas we don't use is 2.6 units we don't need to buy from russia. what this has done, the energy crisis, was expose how expensive energy is, how vulnerable, whole regions like europe can be to availability and also the carbon problem. we are wasting about -- in the united states about 70%, pretty much the same number we're losing about 70% of the primary energy in the u.s. and european economy so the reason for every one unit we don't use in europe is 2.6 we don't need to buy from russia, that was charting the amount of energy that gets lost with extracting, converting, distributing energy. so the price spike means that europe and the united stat

a check on oil, slightly higher, staging a mid-day reversal pippa stevens joins. >> mixed into the close. also mixed economic data, but looking ahead to this sunday when the eu's ban on russian products goes into effect. it oeurasia among that group could prove disruptive more than the crude ban in december. consensus, not seeing immediateimpact, because the european union stockpiles diesel supplies and also, of course, because temperatures are warmer and inventory is pretty healthy. ultimately in q2 could see the u.s. exporting more products to europe and refineries coming online in the middle east, nigeria and china speaking to a re-routing of global energy supplies as these bans go into effect. >> how efficient of these bans in other words, do the russians get around them? >> the price cap certainly is the more kind of tricky one to implement and, of course, on both the crude side and also the european union and u.s., working now to have a similar strategy of a price cap on the product side listen, hard to track. they really are. there are loopholes. >> plenty of countries not going a

i'm pippa stevens. start off the week including notable gains in technology. microsoft leads that sector and is one of the top gainers today on the dow solar stocks are largely rebounding with solar edge and first solar firmly in positive territory, though end face is lagging. and fidelity national information services is deeply negative territory after announcing weak guidance and plans to spin off its merchant payments business. that unit largely consists of world pay, which fis bought four years ago and shares down more than 14% right now. >> pippa stevens, thank you. >>> after the break, do not miss our big interview with former defense secretary mark esper as the u.s. shot down a fourth object, unidentified object, over the weekend we're back in two. good night! hey corporate types. would you stop calling each other rock stars? you're a rock star. you are a rock star. no more calling co-workers rock stars. look, it's great that you use workday to transform your business. but it still doesn't make y

pippa stevens today. >>> here's the road map for the rest of the hour a tough week worst couple days. >> the super bowl is coming. it's going to be on sunday we'll check in with nfl super agent drew rosenhaus ahead of the big game. >>> and elon musk's spacex marking a testing milestone for the most powerful rocket ever. we've got those details and so much more when "squawk on the street" returns. >>> everything e right now. i'm not going to speculate about whether we're a buyer or seller of it, but i, obviously, have suggested that i'm concerned about undifferentiated general entertainment and in -- particularly in the competitive landscape we're operating in and we're going to look at it very objectively. >> if there is -- if there's an opportunity to potentially sell your interest to comcast, if ryan roberts were interested that's a conversation you would have >> i said we're open minded. we will be open minded >> i want to make sure because i think the assumption has been you will buy what you don't own hulu. >> i think i'm suggesting that isn't necessarily the case. >> bob iger y

company in the red after falling short occidental also announcing a new $3 billion buyback program pippa been looking for the report what's the latest? >> after missing estimates as the average realized price for crude oil dropped 12%, domestic nat gas prices down. they earned 1.1% per share, 19 cents short of estimates revenue also shy of expectations down 12% from q3 however for the full year, revenue more than doubled compared to 2021 with net income hitting $12.5 billion. the company announced a new buyback after completing its prior $3 billion share repuchls last year and also raised its dividend by 38%. some of the weakness could be thanks to the 2023 capex guide analysts were looking for the low range of that at 5.6 billion. >> thanks. we got to go to guy because oxi was one of the os in mojo. his acronym for 2023 >> it doesn't matter which o in this case. tim will talk about this and he'll be correct earnings matter. i get it but a new $3 billion buyback on top of they just finished their old one. it's a $53 billion company $4 billion in cash flow. i mean, they're doing everythin

. >>> welcome back oil finally closing higher by about 2% pippa stevens here with more. >> it is closingyesterday's losses we've been talking about how the rebound in chinese demand has been what's driving the bullish narrative and how that has yet to actually come to fruition i wanted to take a look in a little more detail in where that chinese demand stands and if you look at this chart from kepler, you can see that oil bound for china in december, january, and then especially february was way down compared to the prior months what this shows, this is loading bound for china, not imports, it's a leading indicator of sorts because if that oil is being put on the ship in february it means the import numbers for march and april will be down. and so what this essentially says is that that demand has not materialized. >> it's not there. higher in november. >> exactly. >> part of the higher numbers in the fall was because china implemented a product export quota in an effort to spur their refineries because their demand was low, they were still under lockdown, and that was the calculated mov

>>> welcome back energy stocks falling today along with just about everything else let's bring in pippa with more. >> that's right. energy stocks are under pressure this month despite oil and gas companies posting record annual profits and doing much out to shareholders wall street unimpressed by production plans and higher capital spending amid cost inflation. lower commodity prices having an impact but executives saying oil could be heading higher, including ceo rick muncri who told cnbc they haven't seen demand let up, and he thinks prices will strengthen over the course of the year mean time pioneer natural resources saying yesterday he is very optimistic oil will move back into the 90s to $100 range some time this summer but commentary around nat gas more muted companies have talked about cutting output and devin thinks prices will be soft throughout this year. we've seen a decline over the last six months for nat gas in august, u.s. prices topped $10, fast forward to this week and they dropped below 2 guys >> exactly thank you. for more on that decline and the impact on production

pippa, thank you very much >>> sticking with evs, redwood materials announcing it received a $2 billionan dpfrom the department of energy joining us to discuss is j j.b. strobel, with our very own phil lebeau. great to have you both here. phil, kick things off. >> thank you, kelly. j.b., you made the announcement regarding the $2 billion loan. i think the big question a lot of people have is with this loan, how much will it accelerate the production of the cathode and anode materials? >> thank you, phil it is great to be back here this is incredibly helpful to accelerate the projects. these are capital intensive projects and we're in a competition with asia to ramp this up and to bring these supply chains and these manufacturing operations back to the u.s. so having the strong support, the continual support and the strong industrial policy from the u.s. government, the federal government, is pivotal and this will accelerate us. >> you know, most of the raw materials in the battery cells that are manufactured in this country, they're coming from asia, coming from overseas how quickly doe

. >> pippa stevens joins us. >> a recall warning has been issued for 145,000 cans of enfamil baby formula to possible contamination. several batches of the plant-based formula manufactured between august andtemberf 2022 have been affected. so far no cases of illness have been reported, and you can check your can to see if you have a recalled batch code. >>> and the number of big office land lords defaulting on their loans is on the rise according to "the wall street journal." this suggests that mote and hybrid work plans have permanently affected the office market. one firm predicts that the u.s. will end the decade with 1.1 billion square feet of vacant office space compared to 688 million square feet in 2019. >>> and a new survey suggests four-day work weeksould be more common. in one of the largest trials to date, 61 businesses in the you can started trying out the model. so far more than 90 said they would continue testing the shorter weeks. guys, back to you. >> thank you. >> thank you. >>> coming [coughing] hi, susan. honey. yeah. i respect that. but that cough looks pretty bad. try

. >>> shake shack reporting earnings before the bell pippa stevens has the details but only if you promise to share the fries. >> i can never share fries tyler, a lot of focus on the guidance given that shake shack releas rel released preliminary results in monday, a smaller than expected loss sales rising 1 is.5% due to a combination of higher menu prices the current quarter they raised the revenue and same store sales guidance saying comps were up 17% in january that is against omicron numbers. beef prices have fallen, dairy and fries were up with paper costs always weighing. the company has no plans to weigh prices further, the last priek hike was in october but that could change. finally amid concerns of cut backs they admitted they were overindexed. >> courtney what's your take on shake shack? is it a shake or a bake? >> i like that question. i would avoid shake shack. i love a good burger, don't get me wrong but the problem right now is inflation you noted a lot of issues where they are operating a loss right now and they have been affected by higher labor costs, inf inflationary cos

>> wow and a rollback of sorts in strategy pippa, thank you very much >> lots of record profits in the oil business to report seema mody has our cnbc news update >> the death toll from the earthquakes in syria and turkey have soared past 7,500 rescue teams from around the world have joined the search for survivors. more than 2,100 deaths happened in syria in a far smaller disaster area. >>> germany, denmark, and the netherlands have announced another shipment of tanks for ukraine. they plan to refurbish many. >>> labor secretary marty walsh is leaving the biden administration he is giving up his position to lead the nhl players association. walsh joins chief of staff and some type biden economic advisers who are stepping down ahead of biden's state of the union address tonight. >>> multiple schools in michigan have received phone calls about active shooters today. lockdowns as dozens of officers responded. schools in ann arbor are among those that received the fake calls. >>> still to come, a downgrade for t-mobile amid growing subscriber growth. implications for wireless and cable. th

today the guardian's pippa corera branded a red wall rot , while from what i assume rot, while from whatssume she thinks is , an insult. it's she thinks is, an insult. it's not, by the way, while snaring labour mp zara's hold, thomas said his appointment was the barrel . well, here he is lee barrel. well, here he is lee anderson. congrats isolations. you're annoying all of the right people today, aren't you ? well, people today, aren't you? well, i'll say i'm tolerable after out in force against nice things about my fellow . i've always about my fellow. i've always said whilst i've been in this industry, that 50% of the population won't like my views , population won't like my views, my political stance on stuff and. you know, if i am living inside their heads rent free and they come and taken twitter and social media to say things about me, then that's up to them. but you know, really the people in this country, they want to speak their i say that. so their mind. and i say that. so i always and say the things that most people are thinking. and i think i do that a regular basis. my think

today the guardian's pippa corera branded a red wall rot , while from what i assume rot, while from whatssume she thinks is , an insult. it's she thinks is, an insult. it's not, by the way, while snaring labour mp zara's hold, thomas said his appointment was the barrel . well, here he is lee barrel. well, here he is lee anderson. congrats isolations. you're annoying all of the right people today, aren't you ? well, people today, aren't you? well, i'll say i'm tolerable after out in force against nice things about my fellow . i've always about my fellow. i've always said whilst i've been in this industry, that 50% of the population won't like my views , population won't like my views, my political stance on stuff and. you know, if i am living inside their heads rent free and they come and taken twitter and social media to say things about me, then that's up to them. but you know, really the people in this country, they want to speak their i say that. so their mind. and i say that. so i always and say the things that most people are thinking. and i think i do that a regular basis. my think

but her sister, pippa is very much into sort of the decathlon and running and what have you. working? is it exercise much , much? and she's exercise much, much? and she's quite a sadness as well i imagine she doesn't eat any or just eat. yeah, i think you have got that kind of status. i mean, you have someone that probably cooking your meals for you, which would be really lovely, wouldn't it that would be the absolute i think probably absolute dream i think probably is naturally like they is naturally slim. like they kind they are, but kind of look like they are, but they probably do like glasses and imagine . but and yoga. i would imagine. but yeah, i mean when you've got someone training, you i think that's key. because that's the key. yeah. because i've discipline. so it's i've got no discipline. so it's the it's all. yeah. the training, it's all. yeah. well how doing. you on the well how is it doing. you on the kate does the beyonce seafood. seafood jacket. now i'll tell you telling jokes diet. no i haven't more than half of that. no no stop started about seven weeks ago.