pippa stevens is standing by for us today with that. hi, pippa. >> hey, scott. red, one telecom. >> name is bucking the trend and. >> is one of the s&p leaders. >> the name to watch coming. >> up next. >> is. >> the bond report is brought to >> the bond report is brought to you by pimco, a growing your business is easy once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. highs, creating a strong backdrop for precious metals exploration. aztec minerals is drilling in tombstone, arizona, a historic high grade silver and gold mining district with significant expansion potential, with additional drill results expected soon and having private ownership of both surface and mineral rights. aztec minerals is positioned for growth symbol aztec on the otcqb and azt on the toronto venture exchange. the future. >> the way you see it is said to depend on where

>> pippa stevens. courtney reagan here. >> holiday quarter preannouncements to two major retail conferences running concurrent, macy's store, saw comparable sales growth, but the full portfolio did fall short of expect eggs and expectations and the retailers battling another activist. barrington capital suggests macy's separate the better performing bloomingdale's businesses and they enter the big show with all three of those ceos, i asked macy's ceo if the activists are right, should they be sold to recognize the value? >> we're not getting the recognition of the value of these two brands and we believe that there are synergies between the wear housing, legal, finance and back end operations and joint brand negotiation. there's just so much opportunity for us to leverage scale of the portfolio. >> separately, abercrombie shares are getting hit pretty hard. citi calls the reaction overblown. it raised the sales guidance range and didn't increase its earnings forecast. at the rcr con fraens, ference, ho

pippa stevens and megan cassella has more.mer chief of staff to mike pence, marc short joins us. megan, good morning. >> reporter: good morning, frank. trump's complaints are on four areas of friction. trade deficit and what he calls a flood of i mmigration and fentanyl and what we pay for canada's defense. here's what he says. the latest data this week runs through the first 11 months of 2024. canada is the u.s.'s second largest trading partner. in that time, $700 billion of goods exchanged over those 11 months. we want to run a trade deficit in goods, but a surplus in services. in total, the deficit was $55 billion. economists now don't mind trade deficits and that one isn't that big. it's the ninth largest that the u.s. runs from the bilateral trade deficits. canada sends us a ton of energy. more than 60% of all u.s. crude oil comes from canada. it is cars and car parts tropical crossing the border and consumer goods and lumber. fentanyl does not appear to come from canada all that often. in the first nine months, u.s. cust

pippa stevens is here with that. >> good morning, frank. u.s. steel shares sinking after president biden blocked the $15 billion takeover deal by nippon steel. the president opting to kill the deal despite warns it could damage the u.s. relation was japan. should the administration try and block their merger attempt. an official announcement could come as soon as today. >>> meta platforms is shaking up the policy team days ahead of donald trump's inauguration. the company says nick clegg, a former british deputy prime minister and global head of policy since 2018 will be stepping down and replaced by former staffer joel kaplan. kaplan served under george w. bush and appeared with vice president-elect vance in december. >>> and more issues on the hack attack. the chinese sponsored hackers were able to access classified documents on servers and drafts and notes and communications. the agency is assessing what was taken. notes that hackers did not access the email system or classified systems. frank. >> thank you, pope ippa. >>> turning back to the

pippa stevens, great stuff. >>> finally, donald trump said he is tired.tant shipping rates to use the panama canal. here to explain what this might mean for arguably the most important waterway in the world ? >> it definitely is, brian. president trump complained the canal is too expensive and threatened to regain control. the u.s. is the top user with 3- -- three quarters going through that waterway. the rates are based on ship size and type of vessel. a regular vessel pays 12,000 dollars up from $10,500 from last year. the super vessels are being charged now $50,000 transit, up from $41,000 from last year. the largest ships have to pay $100,000 to cross. last year was 80 grand. the panama canal authority is in charge of setting those rates. last year with the drought and fewer crossings, canal revenue hit $3.38 billion and has gone up every year since 2017. brian? >> every year since 2017. where do we go? we've got three choices, kelly. where are you headed? >> let's go back to canada for a second because i don't think anyone is talking about purchasing

for cnbc business news, i'm pippa stevens. >>> coming up on the show, social media election or not.ll be looking at the latest from germany as the chancellor urging voters not to let the upcoming elections be decided by social media channel owners. we'll have more after this break. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. if you have $100,000 or more of life insurance, you may quali

pippa stevens. >>> shares of the drugmaker -- plunging after it's depression drug failed trial.r stock right now. we will get the full story on this one, next. >> crypto watches sponsored by crip.com. crypto.com is america's premier crypto platform. the average dog only lives to be ten. at the farmer's dog, we don't think that's long enough. that's why our food comes in personalized portions. because a dog at a healthy weight could live a longer, happier life. >>> welcome back. check out today's biotech blowup. gomorrah therapeutics losing almost all of its value after it's drug failed a trial. angelica joins us with the details. >> that's right. they failed to show it was any better than a placebo in a phase two trial. this is one of three studies that numora is running but they are calling this the worst case scenario and that's because numora's drugs are the exact same affect on depression symptoms as placebo, not even a little bit better and depression is a really tough space for drug developers. the placebo effect can make a treatment look less effective than it is but anal

pippa stevens.cials. >> yeah, the financials taking a hit today. the best way to think about the bank story right now, scott, is to look at the spider bank etf, which is trading near the same levels as it did on november 4th, the day before the election. the etf has come full circle as the broader market has as well in the two months since for much of the month of november. there was this mindset that president-elect trump would employ an onslaught of deregulatory measures and rethink the hindrances that have hampered one name that banks say they really face. but the tone has shifted really ever since thanksgiving where the prospect of more inflation from some of trump's policies really took center stage. now the idea that the economy will remain restrictive with fewer rates expected this year could create some challenges for banks and their loan making profitability. we get a new snapshot, the big six banks report fourth quarter earnings starting wednesday and thursday of next week, scott. >> lesli

pippa pa stevens, thank you. >>> up next, we're hitting the reseset tton on another norm of money, your monthly subscriptions. how you can find and cancel things. >> plus president trump is calling for an end to birthright citizenship. i'll explain that constitutional right and wh right and wh at when caroline has a cough, she takes robitussin. so she can have those one-on-ones again. hey, jim... can we talk about casual fridays? for sure. what's up? get fast powerful cough relief with robitussin and find your voice. ♪robitussin♪ [♪♪] ando you own a dishwasher, but only use it for storage or as a drying rack? get better results than hand washing, with your dishwasher and cascade complete. your dishwasher does the work for you, with temperatures up to 140 degrees - too hot for hands. some dishwashers even have a sanitizing cycle. load pots, pans and tableware at the bottom, with pstic and glassware on top. cascade complete removes visible and invisible residue, for virtually ree d shiny dishes. switch to your dishwasher, and cascade complete. hey man. whoa i'm you, frorom the fure. our d

let's get to pippa stevens. >> moments ago a new york appeals court denied president-elect donald trump'sin his criminal hush money case. trump's legal team argued he's already protected by presidential immunity and could not be sentenced and said his conviction should be thrown out on the same grounds. trump was found guilty on 34 felony ounts for falsifying records in an alleged scheme to cover up an affair with adult film star stormy daniels. >>> the republican-led house passed its first bill of the new congress today, tightening security at the border. the so-called laken riley act is named after a 22-year-old georgia nursing student who was murdered by an immigrant who entered the country illegally. the measure would require federal immigration authorities to issue detainers and take custody of people in the country illegally who commit theft-related crimes, including shoplifting. >>> and peter yarrow died today four years after he was diagnosed with bladder cancer. he was part of peter, paul and mary and a co-writer of "puff the magic dragon". he was 86 years old. back to you. >> th

pippa stevens has that for us. >> hey, microsoft plans to pause hiring in part of its u.s. consulting unit as a broader cost cutting strategy according to an internal memo reviewed by cnbc.com. this follows some job cuts that microsoft announced last week. according to the memo, it also instructs employees to not expense travel for any internal meetings saying they should use remote sessions instead. this follows meta saying earlier today in a memo that they will cut back on 5% of their work force. shares of microsoft down more than 1%. scott? >> okay, pippa, thank you. we will follow that. you take this as just companies getting a little leaner or something to keep in the back of your mind about cutting travel related expenses and things like that and say maybe these are the earliest signs of maybe the economy is slowing a little bit? no? >> 2025 was the year of efficiency and that's what is clearly --. >> 2.5? >> that's right. all of the companies still have massively larger head counts today compared to precovid levels. so some culling of the work force if you will, one

pippa stevens has the details. phil lebeau on tesla's first decline in annual deliveries. onary historical trend for apple. steve kovach will discuss that. pippa, feels like energy is a pretty popular comeback >> that's right. working. energy stocks are continuing that recent run of outperformance. the top sector today with all but one component in the green. and pacing for the best week since november as wti hits a three-month high. the xop is on track for the eighth straight positive session for the first time in a year as oil and gas prices move higher. and it is now on the cusp of overtaking the 50 and 100 day moving averages. the refiners pointed weakness all down double digits in the last month as we approach a seasonally weak period for driving demand. finally, over in the youth space, look at constellation, they're popping today after the company announced the new contract to supply nuclear power to the u.s. government. the news also lifting shares of vistra and nrg. >> that is not the reversal trade. that's momentum. thank you, pippa. >>> phil, a miss for tesla. pu

cnbc's pippa stevens has the details for us. tum behind. nuclear and power. >> stocks has been gen ai and ai, and forecasts. >> that we'll need an ever greater amount. >> of power for data centers, which is why deep seeks promise of. >> a more efficient model is hammering these stocks. nuclear owner vistra was the biggest loser in the s&p today, wiping out more than a quarter of. >> its value. with constellation. >> and talent both. >> down more. >> than 20%. now, evercore isi said that the magnitude of the decline means that any uplift from data center load growth has now effectively been wiped out. the selling. >> also extended. >> to small modular reactor names like nuscale and oklo. still, arthur hyde from sacred capital said that deep sea doesn't really change much for nuclear over time, but that some of the independent power producers and small modular reactor names were crowded. the upstream players also dropping with the ura, uranium and nukes all down double digits, with cameco, a major miner, dropping 15%. still, courtn

i am pippa stevens with your cnbc update. and thompson for their work on the investigation of the capitol riot, the second highest civilian award. president-elect trump said they should be jailed for their roles in the probe. >>> ukraine started the new year by halting the supply of russian natural gas through the country, marking the end of decades of moscow's dominance over europe's energy dominance. ukraine said it left the pipeline agreement lapse yesterday. pregnant workers in new york will now be able to take paid medical leave to attend prenatal appointments, up to 20 hours of paid time off for pregnancy appointments and fertility treatments. >>> and then we are talking about the outlook for the year, and we will have the forecast for rates in 2025. back in a moment. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our inc

i'm pippa stevens with your cnbc news update.ation announced a $306 million push to ready the nation for potential bird flu outbreak. the money will go toward hospital preparedness. research on vaccines and drugs and helping track and test people exposed to infected animals. the cdc says the current risk to humans remains low. to turn over his assets to pay his $148 million defamation number. the judge could fine or even jail giuliani if he finds him in contempt. >>> the transportation department fined jetblue airway $2 million over repeated delays. the agency says flights on four jetblue routes were delayed at least 145 times between june 2022 and november 2023, and claims jetblue failed to adjust the flight times to avoid unrealistic scheduling. jetblue said in a statement it has invested tens of millions of dollars over the past two years to reduce delays. mike, i'll send it back to you. >> pippa, thanks. >>> we are learning more about the tragic attacks in new orleans and las vegas on new year's day and new intelligence warni

pippa stevens is here with more on what greenland has to offer. >> president-elect donald trump has setch mineral resources, access to global shipping routes and strategic location in the arctic, which is especially important as tensions with russia and china flare. greenland has 25 of the 34 minerals deemed critical by the european commission, including lithium and graphite, which are key for ev batteries and cell phones. it also has rare earth reserves, which are crucial for the energy transition, military equipment, and computer chips. china currently dominates that market, and with tariff threats and possible retaliation, greenland could be another supply source. the country also has ample oil and gas reserves. now, as arctic ice melts, shipping routes around greenland could also become more accessible, significantly cutting transit times and costs and avoiding bottlenecks like the panama canal. two key routes are on either side of greenland, the northwest passage and the transarctic route. russia has reopened military bases in the arctic, and china wants to build a polar silk road