you want to look at the stuff that moves every day ark innovation, vanhe ech arc is up positive pulteelped. energy down, but that's kind of oil i think. oil is 77, just topped 78, down three days in a he row. the earnings all over the place as you can see the numbers are okay gm great, ups doing great. whirlpool was interesting in their guidance we'll get to that in a minute. cat and exxon weighing on things right now. the important thing, i think, is the revenues you hear a lot about raising prices, and that's true, some are doing a lot better, but not all of them. cat, gm, marathon, mcdonald's, pulte, their earnings were -- their revenues were above expectations and below expectations, ups, exxon and whirlpool. look at the companies that reported we have about 30% of the s&p reporting. 65% reporting revenues above expectations that's not far from the average, but the beat is very small they're not beating very much. this is the same with earnings too. they're not beating by very much 0.6% on revenue beat 2.5% is what we've been doing in the last year. the numbers are up, but they're

i see pulte group, homebuilders, 7%.auren: average sales price increased 17% of the quarter to 570 one thousand dollars, margins is the theme, no pulte in this report. stuart: philips 66. are they still around? lauren: they are down 5%, margins squeezed here, they missed on the bottom line. operations on the west coast and the atlantic basin. stuart: caterpillar down earlier, they are way down now. >> margins squeezed, costs are biden, this is an earnings mess, first 11/4. the reason higher manufacturing costs and the cost of raw materials. stuart: this is for you. many americans are delaying their retirement to make ends meet. how do we know? lauren: aarp does the story. i give them credit in the field, 35% say we are never going to retire. for those who have, look at this. many are heading back to work to pay their bills, 20% who are retired are currently working so they went back into the workforce. 15, 13% who are retired are currently looking for work, this is why freelancing is higher. if you retire you might want

maria: when we come back, a rough road ahead for the housing market, pulte capital ceo bill pulte isy, yeah, yeah. ♪ hey, yeah, yeah. ♪ i said hey, what's going on. ♪ and i said hey, yeah, yeah,. y ♪ hey, yeah getrefunds.com can st may qualify for a payroll tax refund of up to $26,000 per employee, even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds. what if you were a major transit system with billions of passengers taking millions of trips every year? you aren't about to let any cyberattacks slow you down. so you partner with ibm to build a security architecture to keep your data, network, and applications protected. now you can tackle threats so they don't bring you to a grinding halt. and everyone's going places, including you. let's create cybersecuri

that's taking down names like pulte, toll brothers, lennar, and housing companies like trex and home depot as well you can see those. by the way, pulte and toll brothers both got initiated with outperform ratings at oppenheimer today. a very mixed picture, but downside for the housing stocks. and the stock of the day, you mentioned, it's netflix. keep in mind that netflix shares are lower on the day with the rest of the market, but if you look to the lows that we saw in may to over here right now, this stock has in essence doubled how much good news is priced in with a stock that's doubled off its lows in may? and by the way, brian, the options market right now is currently pricing in what could be a nine plus percent move up or down in the stock post earnings report. and if you want to dig further, that's actually less volatile than it's been over the last eight quarters, so it could be some fireworks for netflix, brian. back over to you >> bring in the heat there, guaranteeing a 49ers victory this weekend, dom chu. that's what i heard. >> here's what i would say i'm an optimist, as

outperform ratings on pulte and toll brothers. bottom what is interesting is what we saw in the home builders sentiment number yet we're expecting to see a drop. but we also saw a sizable jump in builder sentiment, with them reporting seeing more buyer traffic. and more current sales and potentially more sales in the future because of lower mortgage rates. they're seeing people come into the showrooms, kicking the tire, starting to think about that we saw that in the mortgage applications yet when we saw applications to buy a home rise much more than expected. lower mortgage rates, down a full preercentage point from la october are starting to play in, factor into this i think you see that in the builders >> oppenheimer saying all the rates have to do is get steady themselves and not go up much more for the market to, perhaps, stabilize. we'll see how that goes, diana >>> meantime, vernado cutting its dividend by 40% the latest company to do so. so green, in december. vornado pointed to weakness as one of the reasons behind the mo

pulte shares up 9% so far in trading today. >> just a huge move, dom, thanks. >>> we have a ton of earnings out today. we started with gm the stock jumping. tons of news in this report. tons of superlatives also. let's get to phil lebeau to kick things off. >> let's look just at the numbers. we're not going to talk about the ev prospects but just the numbers. these are the numbers that gm investors love fourth quarter way above expectations beat the street on the top and bottom line. they set guidance that was above the analysts estimates and gave a strong pricing outlook they're not seeing a huge amount of pressure that is forcing them to cut prices on new vehicles. they are, however, going to be cutting their costs by $2 billion this year and next yeek c year combined. how are they going to do it? through attrition, trying to be smart about using their resources. the ceo says we are not planning to lay anybody off take a look at shares of gm and ford we're showing you one year they generally trade in tandem for general motors, one important note from the call today regarding evs. they are

is, it is a tug-of-war between ideas but if you look at what performed well, housing stocks, we own pultemple, it is up 37% since may. and markets are still down about 1%. how, it has not been a good environment for housing. that is when the fed got really aggressive raising rates. why is the market up? because market looks forward. names we've been buying, transportation stocks since the market bottomed in october, are up more than the market. trucking costs are down, why are the stocks doing well? today a name like mcdonald's which we've own, we've been lightening up on the staples. it had a great report. everyone yawned, and drove up spotify had great engagement can't make any money which we also own by the way. i think markets are moving towards risk. we've been talking about that for a while. you want to be adding risk back into your portfolio. that is exactly what we've been doing for our clients. charles: i think the real prime example of folks in the market more recently when covid first hit. the market crashed. the fastest bear market in history. started to go up, v-shaped recove

josh, pulte's ceo saying housing's in big trouble.kes it sound like rising rates are bad for the buyer and cropping interest, rising rates bad for the seller. what are you seeing? >> well, on honest with you, everyone thought 2023 -- since we're in the beginning, nobody knows what's going to happen, but so far everyone i see and talk to, and these are people with unbiased opinions seem very optimistic. now, i'm not saying is it going to be like the good old days? no. but no one i've spoken to is expecting an utter crash, everything to be a disaster. look, you have to think about it this way, and you been doing this a lot longer than i have, you remember when interest rates were, like, as to promom calcar okay? liz: no. i'm not that old, but my older siblings do remember that when it was, what, 17%? >> i think wasn't it even higher? wasn't it closer to 20? liz: yes, but i was in utero at that point. [laughter] >> no, this was, like, in the '80s. whatever. anyway, the point is, the point of this is that we're still, people are spoiled,

the move after a bank of america call the firm naming nvr its top pick, upgrading toll brothers and pultefrom neutral and lennar from under perform. analysts saying valluations look promising if mortgage rates have picked we are watching kb home. street consensus for total sales to climb nearly 20% in its fourth quarter i think the question we've been asking for a while, is it too early to get into the home builder on the idea that rate have peaked? >> yes i mean, by the way f it's too early now, then i guess just a perfect moment several months owing when 20, 30% lower you can basically argue that rates and mortgage rates have peaked, but how low do they have to go to find a really good equilibrium for supply and demand to kick in again in favor of the home builders i would say folks feel like mortgage rates maybe have to get below 6% by some margin, affordability doesn't stack up that well, but there will be -- there's enough pent up demand in stuff that's under way there's enough cost advantage now versus a year ago for the builders that maybe they can make it work they look cheap on c

neil: investment from oppenheimer upgraded builder stocks, notably toll brothers, pulte a few others.ection some got beat down, not all of them. reflection between builder sentiment, reality what happened. their ship is coming in again. do you buy that? >> well i do. look, there are recent numbers. if you look at new home market, builder confidence is sliding 12 months. transactions are off 20% year-over-year. you see new starts, pending sales, those are all slipping, even all the way up down to, up to purchase applications for mortgages. all those things in december were kind of leading lower. all of sudden january comes, you have, you know, this renewed optimism around the housing market, not just for buyers but for builders. so i think that look, if interest rates stay around six, heck if they can get below six, you will see renewed enthusiasm from builders. they will work to build more properties, do something to satisfy the demand side. i think the bigger problem right now is you still have, we were talking about the supply on the owner occupied side, you have issue now, dialogue

yeah, edith pulted me is called so he probed and alexander says you head.worker. i absolutely had it somehow, as if it had to be. you know how i took it. well, moron, yes, he jumped, then he jumped, yes, he didn’t fall, well, that’s all, he drank, he drank. that's how i had an attitude towards myself, everything was normal. all. so what, but what, what to do? uh, order a kilo of cocaine to sniff and die? no, of course go out the window. you won't go anymore. hmm well, there was no such thought. well, that's it, i think that if i don't squeeze out after the operation, i'll start everything, like this, cancer is the fourth stage, metastases, an artist, calls everyone he likes to say, forgive and say goodbye. well, shaking husband sasha earth rest in peace. he also died of oncology and lay down in the odintsovo military. lord, the same doctors where they brought me later. i say, well, she says, well, i'm like, she says this is not just a dream. i had one for you too. i'm just something sasha too sasha like my what i should at least save some sasha. i say this