. >>> now to rahel solomon for a cnbc news update hi, rahel. >> hi, kelly here is what is happening ats hour. >>> we begin in new york city where the death toll from the massive apartment fire has been reduced by two to 17 people. dozens of people were hospitalized the mayor, eric adams, says the impact of the fire is far reaching >> not only did this fire leave a burning pain in the hearts of people in this community, but it has left a burning pain in the children and the teachers and the faculties of this school >>> on the news tonight, searching for reasons why the fire spread so quickly and what could have limited the damage. that's tonight at 7:00 eastern >>> u.s. health secretary xavier bo sa bow b boceres calls on medicare to reexamine. miami dolphins fired head coach brian flores after three seasons. the dolphins lost seven consecutive games early in the season minnesota vikings and chicago bears have sacked their head coaches and general managers with both teams failing to make the playoffs cut throat, kelly. back to you. >> no word on the giants, rahel? >> not from me >> rahe

now to rahel solomon for a cnbc news update.. >> hi, kelly >>> here is what is happening at this hour. ohio supreme court rejected a map for the state calling it gerrymandered. it is sending it back to the ohio redistricting commission to submit a new plan complying with the state's kpungs >>> new york congressman john katko says he will not run for reelection he was one of 10 representatives who voted to impeach former president trump. he faces at least one primary challenger for his seat. >>> federal prosecutors are recommending that the justice department drop charges against m.i.t. professor chin over his ties to china. the potential dismissal of the case marks the latest setback to a crackdown on chinese influence within u.s. research >>> and in italy silvio berlusconi, a step closer to becoming the president he will be supported in upcoming elections, but commentators say he is unfit for office due to his tax fraud conviction and the sex parties he held while he was prime minister >>> on the news, code tests and scans on t

rahel solomon. mr. wonderful, kevin o'leary, i want to go through your picks now.mber one. bitcoin has been volatile lately speaking of volatility in the markets and it's pulled back quite a bit and why coinbase bitcoin has been very volatile and so if you want to play in the crypto and the digitization of payment universe you want to find the exchanges that are indifferent to volatility that pick up eight to 20 with every trade regardless of price. in fact, volatility is your friend and the stock has had a really rough go of it that they just purchased the derivative exchange and it's very lucrative and very good in volatility and my theme on crypto is no longer by bitcoin i've been around the world and finding companies that are public that are given licenses for exchanges and the united arab emirates they granted tw licenses and in canada, they've allowed for two different etfs and one with ethereum and bitcoin and they just granted the very first license and a company bought it out last week and everywhere i'm going to go, the number one right now that's public

let's get to rahel solomon for a news update.ly >>> here is what is happening at this hour. a new unionization vote scheduled for a warehouse in alabama. ballots will be sent out on february 4th and counted on march 28th the new vote was scheduled after amazon was found to have violated labor laws during last year's union election. >>> president biden prepares for a major speech on voter rights this afternoon senate minority leader mcconnell once again threatening retribution if the senate filibuster rules are changed >>> on the news tonight, biden's latest push to push election laws and why republican opposition remains strong. that's tonight at 7:00 eastern >>> the justice department establishing a special unit focused on domestic terrorism. the department's top national security official says that the country faces an elevated threat from home-grown extremists he says that the number of fbi investigations into suspected domestic violent extremists has more than double it since 2020 kelly, back to you >> rahel, thank you. >>> s

thank you, rahel solomon all right.on deck tonight, can they be any bigger than they are tonight? microsoft delivered, the pressure was on. degas, is apple going to live up to the expectations this time? $160 is where we currently trade and 161 before we find out the results. >> scott, i believe apple's going deliver. it has a very strong business model as we look at the valuation for the company, we like the price at these levels and we feel that is going to continue to do well. the expectations for growing revenue and earnings is there and ultimately, profitability and the most of any of the technology companies and we are definitely positive and like apple. >> pete, i know everybody likes apple. no one will come on today and suggest they don't like it i don't need to know how much you do like it, but good do the results necessarily have to be and the kind of tape which we find ourselves in? >> well, i think that if they're able to do something even close what microsoft came off with, then i think things will be very

rahel, i appreciate that very much rahel solomon.heck the marks as we stay on top of this sell-off particularly on the tech side. the nasdaq is at the lows of the day down 240 points and interest rates not the culprit today because the yield on the ten-year is 172. i'm looking at stocks like nvidia down 4% and some of the larger cap technology stocks are the ones to keep an eye on at this moment. apple is down a percent and google is down we left off our conversation, kari, talking about peloton which i wanted to continue it's gotten hammered, as you know and i don't mean to rub it in or anything like that it's down 80% in the last year we questioned it so many times holders of the stock, do you still believe in it? should you stay in if you got in during the pandemic. you sold completely out of it and not suggesting that it happened today or yesterday, but it happened recently enough they think we should talk about it. yeah sure scott, despite the fact that we still love cody, jen and ben, yes, we did sell the stock and part of it i

let's get to rahel solomon for a cnbc news update rahel. >> heel, kelly >>> here is what is happeningour. joe manchin says there's no current discussions under way on president biden's build back better plan. talks collapsed last year. a new poll finding sharp differences between how democrats and republicans view the january 6th riot on capitol hill 4 in 10 republicans say that the insurrection was very or extremely violent versus about 90% of democrats who hold the same view. several people died as a result of the riot and scores were injured including more than 100 police officers. >>> british prime minister boris johnson says there's a good chance more covid restrictions will not be needed to combat the latest surge in covid cases. johnson says that the country can ride out the omicron wave, but he sees the coming weeks will be challenging. on the news tonight, hundreds of motorists stuck on a snow-bound meteor way in virginia what is being done to help them and what can be done to make sure it never happens again. that's tonight at 7:00 eastern one motorist saying what was suppos

back to you. >> thank you very much, rahel. apple reports after the bell our next guest reiterating his buy rating, driving by a.r. and vr, projects $121 billion, eps of $1.90 welcome back good to see you again. good to see you, carl. thanks for having me. >> you've gotten incrementally more positive on the names what is it going to take to impress you tonight? >> yes we had the stock for several quarters, but we pulled the trigger on it and upgraded the stock in december, because we felt all the worries surrounding this particular iphone cycle were baked in. people are looking at positions from a cash flow perspective, stability and cash flows, versus a light footprint, having the balance sheet, awful things that are super important that the fed is tightening. so we this is this is separate period of outperformance, given a great pipeline that the company has, at the same time that it fits very well, it has all the macro issues specific to the quarter, carl, i think it's going to be important, carl, that they make the numbers,

." >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. in the leadup to next week's u.s./russia talks on ukraine, secretary of state antony blinken met with germany's foreign minister to present a united front they both see russia's actions a challenge to peace and stability in europe. >> we condemn russia's military build up ukraine's borders as well as moscow's increasingly harsh rhetoric as it continues to push the false narrative that ukraine seeks to provoke conflict with russia that's like the fox saying it had no choice but to attack the hen house because the hens started it >>> violent protests in kazakhstan were paernt apparently sparked by the government's plan to raise the price of fuel. >>> lawrence brooks was 31 years old when he served in the u.s. army during world war ii when it was still segregated today he died at the age of 112 as the nation's oldest living miller the veteran when asked when was his secret to longevity, he always answered, to be nice to people that's always worth repeating. >> very sweet. what a life. ra

rahel, thanks.re they are you can't watch enough bear videos right. >> >>> all right now time for your etf tracker. this time we are going look at metals etfs which had net inflows of $240 million this week as bitcoin tumbles it no longer seems like an inflation hedge. people want the safety of hard assets, things they can touch. our next guest has a name so long it does not fit on our scene but the aberdeen pal palladium -- can we go back, i want to read it again. a.m. aberdeen standard physical palladium etf, up more than 12% in a week. another one. granite shares platinum shares great -- granite shares, one word and invesco db silver fund i wonder what db stands for. >> they need some simple letter monikers >>> ahead on "power lunch," with volatility in high growth stocks, investors may want to flee to value. but our next guest says not all of these names are safe bets heel explain after the break the last thing on my mind. hey mom, can i go play video games? sure, after homework. thankfully, voy

first the update with rahel solomon. hi >> hi, carl. record home sales inflation on the rise, median price rose 16% last year to $358,000. jobless claims also jumping with 286,000 in the latest week be economists say, however that the recent surge is temporary and driven by the latest wave of covid cases. american airlines lost less money than expected last quarter but omicron has slowed its recovery and cost pressures. american's stock pell 3.5% this morning is now up slightly on the day. and shares of baker hughes jumped more than 5%. despite the earnings miss. higher oil prices and driving drilli ing demand and service and this year, tight supplies of oil and natural gas. carl, back to you. >> rahel, thanks >>> got key antitrust legislation on the hill today with the support of a new coalition of smaller tech companies that are hoping to break up the giants. our ylan mui has the story >> the techcompanies have support for big tech rivals like sonos, basecamp, youqrora. gem cattic senator amy klobuchar the lead sponsor of the bill sai

guterela big tech we will discuss all the details when "power lunch" returns >>> welcome back i'll rahelolomon here's your cnbc news update at this hour. a georgia prosecutor is asking for a special grand jury as she investigates attempts by president trump and his allies to reverse his election loss in the state. she says several key witnesses have refused to answer questions voluntarily so a grand jury is needed to issue subpoenas. >>> ivanka trump meantime is publicly responding to a request to a voluntary interview with the husband's january 6th panel. but she is not saying whether she will cooperate or not. instead a folks salesman says the committee already knows she did not speak at the rally that day and that she did call for an immediate stop to the violence at the capitol. >>> and australia has passed a law for all adults to be vaccinated by february there are exceptions it is the first mandate of its kind in europe tyler, back to you. >> thank you rahel solomon. >>> ahead on punch, a pello-ton of trouble peloton halting production of its bikes and tread mills as demand wanes a

we'll go to rahel solomon who has the headlines. >> here's what's happening at this hour. >> presidentted to go to capitol hill tomorrow to discuss voting rights and potential changes to senate rules. multiple reports say he will attend a caucus lunch to drum up support for election support. >>> on capitol hill rate now harry reid is lying in state colleagues and friends are gathering to pay tribute to the five-term senator. reid is the 41st person to be give then honor. >>> number one ranked tennis player novak djokovic said he did not isolate after testing positive for covid and it was an error in judgment. there were mistakes made on his australian immigration forms and the comments were part of a statement from djokovic seeking to simplify the open tournament. >>> a rat finding mines has died he was awarded a goad medal for his efforts and called a hero. one rat can clear the area the size of a tennis court in about 30 minutes a human, meantime, with a metal detector takes up to four days the more you know, scott i'll send it back to you >> rahel solomon jon has his unusual trades

but first a news update with rahel solomon. >> good morning.e is what's happening at this hour. a record 4.5 million americans quit their jobs in november. another sign of worker confidence and tightness in the labor market job openings fell to 10.6 million but that's still high by historical standards. >>> u.s. manufacturing activity slowed in december and was weaker than forecast the ism manufacturing index dropped to its lowest level since late january, but there are indications that supply constraints are easing >>> input costs for factories posted biggest monthly drop since early 2020. >>> oil prices are rising this morning. brent crude above $80 a barrel opec and allies agrees to remain steady output. >>> toyota was the best selling auto brand in the u.s. last year beat out general motors for the top spot that's a distinction that gm has held for 90-consecutive years, carl apparently the issue was that toyota was better able to manage supply chain issues better than gm so, proof is in the pudding, i guess. back to you. >> indeed. thank yo

i'm rahel solomon and here is your cnbc news update at this hour the new york attorney general tishaes is disclosing new details into her civil investigation into form donald trump. the evidence suggests that the company put fraudulent values on multiple assets and misrepresented those values to financial institutions th these events took place when donald trump, ivanka trump were in charge. this comes as johnson continues to face calls to resign from other members of his parliament. one conservative member telling johnson in the name of god, go johnson is currently embroiled over controversy that he lied about hosting staff parties during england's strict covid lockdown period. >>> major airlines around the world are rushing to cancel or change flights to the u.s. as the rollout of a new 5g wireless service spikes safety concerns that comes as verizon and at&t agreeing to temporarily limit the launch of the service around some airports. airline executives warn that the 5g service can cause disruptions and potentially interfere with radio signals. with more on specific news that air

rahel, thank you. >>> hp having its biggest launch to date providing new ways to collaborate, createy the launch includes new desktops, expansion of video conferencing tools and new gaming products. joining us now in an exclusive interview hp ceo enrique lores good morning thanks for being with us you're not in vegas, are you just checking. >> thank you for having me here. >> are you in vegas or are you remote >> i am, we are working remotely so, given the situation with omicron, we decided to keep the focus this year as we did last year remote. but we expect this to be a great show for us as you share, we are announcing 50 new products, new technology and really a great show for us. >> yeah, i want to get your take something we talked about at the start of the show. a ubs note downgrading the tech sector and they called out tech hardware as the most vulnerable. what is your outlook has demand been pulled forward over the last few years? >> we continue to see strong demand for our products, both on the commercial side and on the consumer side. on the commercial side as offices are st

the price targets following strong growth in travel and e-commerce spend ppg jon, back to you. >> rahel, thank you. >>> now let's take a closer look at apple earnings. our next guest has been bearish. today though increasing price target from 142 a share though 161 on the results raising estimates for revenue and gross margin as as well. goldman sachs analyst rod hall rod, tough to be bearish on apple after a quarter like that. but you raised the price target but lower than where the stock is trading today explain why you think that all of in good news is more than baked in. >> yeah, i mean, just to be clear, we've got a neutral rating i keep telling you guys that we don't have a sell on it we're kind of in a holding pattern on a lot of this. >> fair enough but with a stock like this a neutral or hold is almost like a sell, like nobody dislikes or apple or amazon, it seems like. >> you know what's funny about that, if you look at apple last year, the stock basically performed in line with the s&p 500 most all of the year you would have been -- if you bought the s&p 500 you've had the sa

rahel solomon has that update. >> here's what's happening at this hour. financials playing heavily on stocks following disappointing quarterly results from some of the banks this morning jpmorgan the biggest loser in the s&p 500. faces a couple years below target returns and quarterly results did top estimates. citi down on higher expenses and weakness at its consumer banking unit and wells fargo with a 4% gain top and bottom results >>> blackrock down more than 2% and assets under management topped $10 trillion cementing its spot as the largest money manager. rising inflation concerns have pushed consumer sentiment back down the early january number is the second lowest in a decade. december retail sales were also down far more than expected. they fell nearly 2% as americans really struggled with shortages and higher prices. and manufacturing output also posted a surprise decline in september. the drop in auto plant production offsetting efforts to restock lean inventories in other sectors. you're now up to date. julia, i'll send it back to you. >> thank

cloud and semi names in there, okta, marvell and picks from david katz in a movement first news with rahelome on. >> boeing shares are falling after the company took $4.4 billion for 787 dreamliner delays and other problems. ceo dave calhoun said they made progress and optimistic but omicron has paused the industry's recovery. >>> strong comments on price aring help push corning shares to their biggest one-day gain in eight years, the stock up 13% after the company predicted glass supplies will be tight this year and pricing for its products will improve throughout 2022 >>> rising costs hurting profits at kimberly-clark, quarterly results topped estimates but earnings guidance form the year well below forecast. the company expects gradual margin improvement later in the year >>> and new home sales shot up nearly 12% last month to their highest levels since february. at the same time, the median home price fell below $378,000, that's the lowest in six months. carl, i'll send it back to you >> rahel, thank you very much. >>> let's get back to the rally this morning, nasdaq's almost 2% but st

. >> rahel, appreciate it very much rahel solomon. energy, the best-performing sector of the year up 12%. the only positive sector this year that backs up a great year last year, as well. for more on how to make money, woe are joined by one of the successful commodity traders of all time, mark fisher, ceo welcome back >> hi, scott >> it's good to have you given where we are in the commodity space and i mentioned the kind of year that oil is having and let's take part of that complex first are we going to $100 is it a formality at this point? how do you see things? >> let me get to one thing before we get to that. what's interesting is we talk about the commodity markets and trading is that now all of these intra-day reversals that happen every other day in the futures markets are now starting to happen in the stock markets. so to me, what's interesting about what your panel has said is that the commodity markets are starting to trade where it's a buy the dip mentality while the stock markets are trading at the commodity markets and in

but before that, a news update rahel solomon has that for us. >> i sure do treasury yields are pulling back sharply from recent highs. the ten-year is down 8 basis points to 1.3% and the two-year note has slipped back below 1% >>> the big gathering of political and business leaders in switzerland will be held in may. it has been postponed due to rising omicron cases >>> housing costs were higher in january. the biggest increase in more than two years austin, texas, saw the biggest increase with rent up 40% since last december. the average monthly mortgage payment rose 22% in the past year >>> banner year for partners at goldman sachs and other firms. compensation pool rose 40% to 50% this year. partners in tech and healthcare are reportedly making between 12 and $15 million. go to cnbc for more on the surge in pay and bonuses julia, i'll send it back to you. >> thank you, rahel. >>> let's turn back to netflix that stock down 22%. our next guest a bear turning more bearish and cutting his price target on the stock from $460 to $375 post earnings joining us now moffett nathanson founding

i'm rahel solomon.ouse panel investigating the january 6th attack on the capitol has requested an interview with ivanka trump. the committee says it is seeking information on her communications with her father during key moments that day. ghislaine maxwell has formally requested a new trial after a juror on the case said that he had been sexually abused as a child but failed to disclose that information to the court. >>> a new study says big box stores could generate half the electricity they need using rooftop solar panels the study says walmart and target have the biggest potential for solar energy production and an update now. a british belgian teenager has become the youngest woman to fly solo around the world. the 19-year-old touched down in belgium this morning to complete her five-month journey she visited 52 countries and covered some 32,000 miles. kelly, i don't know if you remember, but you and i talked about this when she was taking off. time really flies, i guess >> amazing that is an educat

i'm rahel solomon. here is our cnbc news update at this hour. liberal supreme court justice stephen breyer will retire after 27 years on the court he's expected to step down in june at the end of the court's current term biden has pledged to appoint a black woman to the court his choice is expected to maintain the 6 to 3 split of conservative and liberal justices and on the news tonight, who might take breyer's place on the supreme court a look at candidates and the coming nomination fight at 7:00 eastern. >>> russia threatening retaliation if the u.s. and nato do not meet its demands on ukraine. military vehicles are moving to the region bordering ukraine in the last hour the u.s. ambassador to russia formally delivered america's response on those demands to russia's foreign ministry. >> and the u.s. embassy in ukraine urging americans to consider leaving the country now. the embassy says that the security situation continues to be unpredictable and could deteriorate with little notice scott, i'll send it back to you. >> thank you, rahel solomo

let's get the headlines now with rahel solomon.i, scott here's what's happening at this hour president biden warns any russian troop movement into ukraine will be considered an inval invasion and he's made that clear to president putin a minor incursion might trigger a smaller response from the u.s. and nato allies. >>> the cia now saying that most cases of havana syndrome were probably not caused by a foreign adversary. most cases that have been reviewed have been linked to known medical conditions or environmental factors. hundreds of american officials have attributed symptoms to brain injuries and the first at the u.s. embassy in havana >>> a federal trial in connection with the death of george floyd they are charged of depriving floyd of the constitutional rights while acting under government authority and near tahiti, a pristine coral reef has been found that appears to be untouched by climate change researchers say the two-mile long reef is deeper than most and it may be protecting it from the bleaching effects of ocean wate

. >>> first, a news update with rahel solomon. hi. >> good morning.hat's happening at this hour posting some of the biggest losses on the s&p 500. the aviation and defense company beat earnings estimates but profit guidance was on the light side and the company says that revenues will be impacted by supply chain issues for the first half of the year >>> otis worldwide elevator making giving guidance largely below forecast and mixed results. but its stock has erased early losses and now up almost 2%. close to 2% there. >>> goldman sachs cut its gdp forecast for this year by more than half a percentage point to 3.2% goldman says that the slowdown will be abrupt this quarter as fiscal support fades and omicron's impact is felt >>> and angi teaming up with walmart to provide help on home projects angi professionals will soon be available through nearly 4,000 walmart stores and online nationwide angi shares are up 9% on this news deirdre, back to you >> rahel, thank you so much. >>> etf sliding 20% in the past three months we're still seeing strong earning

now back to you. >> spring training not that far away rahel solomon.h, let's talk about a couple of buys first and then we'll deal with a sell dutch brothers coffee. why did you buy that bros is the ticker >> so this is a name that i watched them go public i saw a little bit about it and i've seen locations and they're not really stores, they're more like stands, right i've seen locations and just a line of cars waiting and i was, like, what is that and then they went public. i forgot all about it and it was a hot ipo, and my friend ron derush in florida reminded me. keep an eye on that dutch bros this stock to me could be the start of one of the next truly great quick-service brands they're not competing with starbucks. i think a lot of people have that wrong only 16% of their sales are hot coffee what they're really doing is a phenomenal job at building a relationship with customers, leaning in on service and getting people through these drive-throughs very quickly and the energy drink is the star of the show it's called blue revel and there are seve

that's tonight at 7:00 eastern kelly. >> rahel, thank you. >>> coming up, bank of america, morgan stanleyout with results tomorrow are investors nervous? we will tackle each stock and the key things you need to know on today's "earnings exchange" right after this i'll shoot you an estimate as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com. ♪ >>> welcome back i'm julia boorstin with a news alert on verizon telecoannouncing that it is agreeing to temporary limit deployment of 5g near certain airports this follows a similar announcement from at&t they will enable 90 million americans to experience the speed of 5g but they say they voluntarily decided to limit it around

let's get to rahel solomon for a cnbc news update hi, rahel. >> hi, kelly >>> here is what is happeninge texas high schools have been locked down in dallas police say they're investigating unsubstantiated threats. police say they've dispatched a large number of officers to the schools out of an abundance of caution. no details on the nature of the threats or how there were communicated >>> ford is recalling about 200,000 cars in the u.s. to fix a problem that can stop the brake lights from turning off. it covers ford fusions, lincoln mkzs and certain 2015 mustangs >>> ka natdan fashion designer peter nygard has been denied bail he is facing sexual assault and forci forcible detainment in canada. >>> president biden holding his first news conference of 2022. we will break it down tonight. >> that news conference coming up in a couple of hours time >>> still ahead, airlines and aluminum, united american and alcoa getting ready to report results. we have the ago summon, the story and trade on all three stocks "earnings exchange" is next. >> cnbc trend tracker is sponsored by cem group >> c

. >>> welcome back i'm rahel solomon and here is our cnbc news update at this hour the s.a.t.going digital starting next year today the college board is announcing several changes for the entrance exam taken by millions of high school students each year. they'll be answering questions on a digital device for two hours instead of the current two-hour paper test, but students still have to go to a school or testing center the test cannot be taken at home >> altimeter use at airports the move will allow about 90% of american commercial planes to make low-visibility landings and the new 5g zones athens still digging out after a rare snowstorm that trapped thousands of people in their cars on a major highway. overnight business the storm hit much of greece and turkey dropping two and a half feet of snow in some places. boris johnson says he welcomes a new police investigation into whether several events, some have characterized as parties involving his office staff violated covid lockdown rules. already the subject of an internal government probe with a report expected within days.

now to rahel solomon for a news update >>> here is what is happening at this hour. man has become the first to be charged under new u.s. doping laws governing international sports competition. prosecutors say he distributed performance enhancement years. the ex girlfriend of matt gates has testified in a sex trafficking probe of the congressman and the ex-girlfriend is seeking immunity of obstruction of justice charges in return tore testifying gaetz has denied wrongdoing. >>> a surprise papal visit pope francis was caught on camera leaving the store with a cd he was given. the pope was a frequent customer of the shop when he was a cardinal and he promised a visit when he met the owner in the vatican. >>> on the news tonight, the white house is sending millions of covid tests to schools but is it the best way to keep classrooms open? tune in tonight at 7:00 eastern. kelly. >> all right rahel, thank you >>> still ahead here, impressive growth a lack of catalyst and spending on cruises is sinking. it is all coming up in "rapid fire" right after this ♪ >>> welcome back

hi, rahel. >>> today's sell-off getting added fuel from a report that u.s. business activity barely grew in january. pmi index fell to its lowest level in months. >>> crude dropping as much as 3.5% before rebounding oil prices are also being pressured by a stronger dollar. >>> energy stocks some of the biggest losers all s&p 500 energy stocks are down even halliburton, which beat earnings estimates and doubled year ago profits with help from rising oil prices. they also hiked its dividend by more than 160% the only big winners today is kohl's the retailer surging 30% the firm sycamore partners offering more than $9 billion for the company. now you're up to date. jon, i'll send it back to you. hopefully that was quick. >> very quick and very valuable. thank you. >>> the nasdaq, meanwhile, down more than 3%, back near the lows of the day meme stocks and ark funds both falling hard today and in the past few weeks what a difference a year makes dom chu, what's with this move >> you take a look at where the highs were in many of these meme stocks and the ark etf

hi, rahel. >> hi, wolf.at's happening at this hour the state department says that it sees no evidence that russia is de-escalating tensions on its border with ukraine. there are some indications that the situation is worsening price says that no one should be surprised if russia incstigates ethan crumbley has pleaded not guilty to terrorism charges. he faces two dozen charges for allegedly opening fire with his handgun and killing four people and injuring seven others. >>> and more calls for the resignation of british prime minister boris johnson from his own party. earlier today johnson apologized for attending a garden party with other government leaders during britain's first pandemic lockdown however, he did stop short of admitting wrongdoing you are now up to date sara, i'll send it back to you >> not a good look rahel, thank you >>> after the break, a rare interview with the former disney ceo michael eisner on his new tops deal with fanatics. and why the movie theater business could make a big comeback

turnaround, now down half of 1%, sara >> time now for a cnbc news update with rahel solomon. rahel?hi, sara. and here's what's happeningat this hour. the head of the cdc says that the definition of fully vaccinated is not changing that means that federal vaccination mandates for employment will not require booster shots, dr. walensky did, however, urge americans to stay up to date on their covid protection by getting boosted. former trump press secretary stefanie grisham is set to meet with the house panel she resigned from the trump white house january 6th last year in response to the attacks. prosecutors who want sex trafficking convictions against ghislaine maxwell. no word from defense lawyers on whether they may seek a mill tries. and the grammy awards are being postponed originally scheduled for january 31st, the event is being pushed back due to covid concerns a new date has not been announced. wolf, i'll send it back to you >> rahel, thank you so much. we have 23 minutes left to the session. we are sharply lower across the board today. the nasdaq down about 3%, just shy of t

rahel, thank you rahel solomon. >> well, the countdown is on to microsoft earnings after the bell following big deal to buy activision. we'll bring those numbers to you and discuss what they could mean for the volatile tech space after the bell the stock is down about 2% speaking of earnings, dan ives says this is the most important reporting season for technology in the last decade he'll join us next hour to explain why. and as we head to break, a check for you on bonds the yields are moving higher today. ahead of the all-important fed decision out tomorrow. the ten-year hovering right around 1.78%, so some selling of bonds. pretty much across the curve right now. 30-year goes to 2.12 we'll be right back. need your prescription refilled? capsule pharmacy can fill and hand deliver your medications - the same day - for free. go to capsule.com to get started. we handle your insurance, coordinate with your doctor, and text you when your medication is ready. all you have to do is schedule delivery. we bring your medication directly from our pharmacy, straight to your doorstep. get your prescrip

thank you, rahel. >>> back to apple. an hour into the trading session. on the world's large oes company. mike >> apple living up to the reputation and role in portfolios as a role of steadiness this is a company that turns a massive installed base and subscriptions into cash to buy back shares and kind of been a good thing for investors look at a two-year chart of the stock and it is hovering above the early september highs it reached around labor day and the nasdaq composite is probably down 12% from the early september highs and already was getting credit as being ballist in portfolios. compared to the software sector and semiconductor within technology over two years it had a clear outperformance but the upside in apple through the pandemic up to that september 1st, 2020, peak. it's done well as a relative performer. in the quarter brought back $20 billion worth of shares. warren buffett owns 7.5% so that's kind of been the formula for how the stock can work opposed to an upside lead iror a bellwether for the industry on a fundamental basis. >> it is

. >>> time for a news update with rahel solomon. rahel? >> hi.ening at this hour philadelphia fire officials say the christmas tree was the first to ignite in the house fire that killed 12 last week and almost certainly set on fire with a lighter. sources say that a child was playing with a lighter by the tree before the fire began. >>> a new york city aid is pouring in for that apartment building fire that killed 17 people and organizations from as far away as delaware bringing items. many residents traced the roots to a single town in gambia >>> and new orleans is bringing back the indoor mask mandate ahead of mardi gras season in response to testing positivity rates above 30% and staffing shortages at hospitals. wait times up to ten hours at some facilities. new mask rirequirements go into place tomorrow sara >> thank you. >>> nasdaq rebound continues first back to back gain for the nasdaq since christmas week. that's where the selling is focused lately but up 1.4% s&p almost good for a gain of 1% shake shack is jumping today more than the mar

you are now up to date back to you, sara. >> rahel, thank you. 27 minutes left to go. dip buying for a change coming in today. nasdaq is only down about .75% seeing recover in the final hour of trade at the lows the nasdaq down 405. down 97 right now. dow also cutting the losses in half still lower across the board small caps hit the hardest crypto is falling again today but bitcoin and ether off the lows of the session after the worst levels since november. next the ceo of bitfury and morgan stanley's mike wilson and why software could be a leading indicator for the broader market we'll be right back. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's yours free, just for calling the number on your screen. and when you call, a knowledgeable licensed agent-producer can answer any questions you have,

morgan >> rahel solomon, thank you.e head to break here all the major averages lower again today. the nasdaq is suffering the biggest losses, down 2.2%. the s&p down about 1.6%. 4601 the level there and the dow down 466 points. about 1.3% every sector in the s&p in the red with consumer discretionary, tech and communication services names suffering the biggest losses. stay with us. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq >>> we continue to watch the sell-off, early morning low appeared to have just been below 4600 nasdaq leading the major indices. cloud stocks and fin technology with the biggest losses, cathie wood the arkk fund under pressure basis bob pisani has all the moves. >> the important thing is while this is a tech decline, 5 to 1 declining to advancing stocks. th

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour.sending federal medical teams to overburdened hospitals in six states to try to help them handle the surge in covid cases. he is scheduled to announce the move shortly the states are new york, new jersey, ohio, rhode island, michigan and new mexico. biden wants the government to buy 500 million additional covid tests. >>> russia is threatening to send military assets to the western hemisphere if tensions over ukraine are not resolved. in a television appearance the official who led russia's delegation in monday's talks with the u.s. said that he would neither confirm nor exclude the possibility of russian military deployments in cuba and venezuela. moscow wants a guarantee that ukraine will never join nato the u.s. and allies reject that demand. >>> and novak djokovic hit balls today as the government decides whether it will deport him djokovic won a court decision to allow him to stay in australia even though he isn't vaccinated against covid and the government said that ruling was on

. >>> welcome back i'm rahel solomon.t sunset today the coast guard will suspend the search for migrants on a boat which capsized between the bahamas and florida. 34 people are unaccounted for. >>> defense secretary is ordering pentagon officials to step up efforts to prevent civilian deaths and stressing the protection of innocent civilians is success to the operations the newspaper published investigations into cover-ups of air strikes that killed civilians jirkts a man and a teen will be held in the shooting death of 58-year-old girl walking with her mother in chicago. the suspect showed a disregard for human life and police say the teen fired at a rival gang member >>> and as a major snowstorm approaches new york stock exchange towns say they don't have trucks and drivers for the plows and franklin, massachusetts, the public works department offering as much as $200 an hour tyler, the labor shortage strikes again. >> why don't we just rent a truck and drive up there >> while the wage sounds very interesting, i don't d

. >>> welcome back i'm rahel solomon. a new revelation today about boris johnson. reports in june 2020 up to 30 people attended what it calls a birthday party in the cabinet room at the time the uk was in a lockdown the johnson office said that the staff gathered briefly after the meeting and that he was there less than ten minutes. he faces calls to resign. >>> a woman is dead, three wounded after a 18-year-old german student fired at a university lecture hall. >>> the supreme court will hear arguments in a case that could end afoirmtive action admissions harvard and the university of north carolina are accused of discriminating several justices joined the court since it rejected a challenge back in 2016. >>> a world health organization official said immunity of omicron infections is a cause of hope. >> we can all hope for that. >> sure can. >> thank you. >>> let's check the markets. if you dare. send the children away all three indexes are down about 2% but that's not the half of it. it is the half of it if you think act it. one point the industrials down 1100 no

. >>> welcome back i'm rahel solomon. house says it's worried about what it called a surge of 5,000 russian troops into belarus. russia released video of the troops arriving there for what it calls joint military drills. >> we feel it's important to be open and candid about the threat from russia. we have been saying for more than a week that russia could invade any time. >>> moderna's covid vaccine now fully approvaleed by the fda. >>> ottawa's mayor protesting truckers to leave. what's been called a freedom convoy is blocking traffic and apparently making noise for a third straight day and protesting against a new rule requiring truckers in canada to be fully vaccinated. >>> canada, of course used to cold weather to the south residents of cuba also getting a taste of sub freezing temperatures and don't like it. nor do i a cold front pushed temperatures into the 20s a resident of havana said this is not normal. kelly? >> not in the least. >> i don't cry for them. >> i have real ties on the east coast of 30s and it is in

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour.nt biden came to the capitol this morning to mark the one-year anniversary of the assault on that building he accused former president donald trump of rallying a mob that tried to overturn a fair and free election. >> the former president of the united states of america has created and spread a web of lies about the 2020 election. he's done so because he values power over principle, because he sees his own interests as more important than his country's interests, and america's interests, and because his bruised ego matters more to him than our democracy or our constitution he can't accept he lost. even though that's what 93 united states senators, his own attorney general, his own vice president, governors and state officials in every battleground state have all said. he lost. >> meantime violent protests continue in kazakhstan there are reports that soldiers have been firing at people and cars in the country's largest city and that dozens of protesters have been killed. >>> and in wes

. ♪ chicka-chicka >>> welcome back i'm rahel solomon.hour ago president biden visited the site of today's bridge collapse in pittsburgh he was in the area for a previously scheduled program biden agreed with the first responder saying it was a miracle no one was seriously injured or killed. >> i didn't realize there's more bridges in pittsburgh than any city in the world. more than venice i mean, i knew there were a lot of bridges i had no idea. we'll fix them all not a joke this is going to be a gigantic change. >>> pittsburgh officials say that five vehicles and a bus involved in that collapse. four people sent to the hospital but they have my mor injuries. national transportation safety board is beginning the investigation. >>> defense secretary says that the u.s. is focusing on countering russian disinformation including anything to justify an invasion of ukraine encouraging russia to engage in dialogue and diplomacy. here's hoping. >> thank you >>> time now for the power movers of the day. last one of the week, ladies and gentlemen.

." >>> rahel solomon with a cnbc news updays. >>> happening this hour, prince andrew stripped of manys the queen has taken back all military affiliations. prince andrew no longer referred to as his royal highness and in any official capacity. buckingham palace saying the prince will defend himself as a private citizen against a sexual abuse lawsuit. >>> and responding to calls from the republican national committee for candidates who avoid the traditional election debate the commission says it deals directly with candidates who qualify for debates and that its plans for 2024 base onds fairness and neutrality. >>> arizona senator kristen senma will now support voting legislation moving forward her opposition dooms the election reform push, unless republicans vote for it. >>> on the news tonight, white house minority leader kevin mccarthy says we will not be interviewed by the january 6th panel. that's tonight at 7:00 eastern. >>> and 2021 was the sixth hottest year on record that researchers say it wasn't far behind ultra hot 2016 and 2020 the last eight years hottest years since the l

i'll send it back to you >> rahel, thank you.olutely >> just about one hour left until one of the most important moments of earnings season apple's first quarter report we'll preview the key metrics that should be on your radar next speaking of apple, the company reportedly working on new technology that could spell trouble for the firm formally known as square. we'll tell you about the latest vol volley in the payment wars a check on bonds yields pulling back, at least the ten-year is. the two-year continues its post-fed surge the ten-year down to 1.81% we'll be right back. (doorbell rings) (family chattering) - [announcer] meat-itation, a sense of calm that comes from being transported to your umami place. on time, lowest price, or we'll make it right. grubhub. ♪ chicka-chicka today, your customers want it all. you have to deal with higher expectations and you have to lower wait times. with ibm, you can do both. your business can unify apps and data across your clouds. so you can address supply chain issues in real time, before

. >>> welcome back i'm rahel solomon. here is your cnbc news update at this hour. health experts who advised president biden in weeks before his inauguration are now calling on his administration to change its covid strategy an opinion article was published in a medical journal they argue the virus cannot be completely eliminated so the government should focus on efforts to mitigate effects amid their recommendations, testing and vaccine mandates. >>> liz cheney's father visited the house floor with his daughter today as he was leaving, he said, quote, it is great coming back, they are doing a hell of a job and i am here to support it. he also said that the current gop leadership does not resemble any of the people he knew when he served as a represent any the yaetsds. >>> and director peter bogdanovic died. his film" the last picture "the news with shepard smith"" was nominated for oscars he directed paper moon also. >>> the idea of bitcoin as an inflation hedge took a bit of a hit yesterday when bitcoin tumbled after the fed's hawkish minutes were released in our

. >>> welcome back i'm rahel solomon. here's your cnbc news update at this hour. irs wants to make online access to tax records more secure starting in the summer, the documents will only be available after signing in through the id .me identity verification service. to set up an account users must provide documents and a video selfie. >>> a worldwide organization committee says international covid travel bans should be eased or shrifted because they do little to slow the spread of the coronavirus. the committee says that the global community should instead focus on raising vaccination rates above 70% in all cases. >>> and rapper cardi b. says she will pay the fun lal costs for all 17 people killed in a bronx apartment myer daddy b shy says she is proud to be from the bronx and when she heard about the tragic fire she knew she needed to help. a real super star on and off the mic. >> that's admirable. that was horrible news from the bronx there. >>> let's get to dom chu for a market flash. >> gains in fintech names. financial technologies they have been under press

bu/bllear debate what a tussle it will be the tour dee fight, when we return >>> welcome back i'm rahel's your cnbc news update at this hour. in the wake of what appears to be the end of the line for his voting rights initiatives in congress, president biden is ryelighting his plan to rebuild the country's infrastructure at a white house event just over an hour ago he announced the first $5.5 billion for the first year of the program to repair and rebuild bridges. >> there is a lot of talk about disappointment in things we haven't gotten done. we are going get a lot of them done, i might add. but this is something we did get done and it is of enormous consequence to the country. >>> at a probable cause hearing in wisconsin a judge ruled that a man accused of driving his suv through a holiday parade in late november will stand trial. darrell brooks jr. faces 77 counts he faces a mandatory life sentence if squikted on even one of those counts. >>> proud boy leader was arrested two days before the attack on the capitol and walked out of jail on bail today. >>> time now to track the teach t

visit indeed.com/hire >>> welcome back i'm rahel solomon.s your cnbc news group date at this hour the nation's budget deficit dropped sharply last month as tax revs grew and spending eased. $21 billion in december. deferred payments of employer payroll taxes were due, fuelling a 47% increase. >>> the u.s. army raising the recruiting bonus to $50,000. it had been $40,000. it will be offered to highly skilled recruits who join for six years. >>> members of the teachers union said they would only work remotely they didn't get that concession but did get an agreement for enhanced covid safeguards in schools. >>> twin seven-month-old pandas made their debut today in a tokyo zoo. the zoo is essentially closed because of covid restrictions. the mother and babies will be viewable for only two hours per day for the next three days. viewers won their tickets in a lottery and they will get one minute to view the pandas. before they made their debut the pandas were exposed to sounds sounding like people were around them so they wouldn't be traumatized.