. >> a big day nonetheless, and sara eisen will be all over it as she brings you to the close >> thanksower lunch. >> have a great weekend. "closing bell" starts right now. >> thank you, tyler and kelly. and stocks are falling hard. we are at session lows the dow is down almost 850 points wall street ends the week on a sour note. down 2.5% for the week for the s&p. the most important hour of trading starts now welcome to "closing bell," everyone on a friday, i'm sara eisen, coming to you live today from washington, d.c. take a look at where we stand in the market it's broad, and it's ugly. the s&p 500 down 2.4% right now. every sector lower by at least

i'm sara eisen back with jim cramer carl has the morning off david is on assignment he's going to joins to talk twitter in a moment. not much follow through to that positive intraday turnaround yesterday where the market ended higher futures under a little pressure. s&p down 19, nasdaq down 58. we have a lot of earnings to digest and we're going to begin on that earnings from. what does it tell us about the economy? ups rising in the premarket. 3m also beating on both the top and bottom line in the face of what it's calling a challenging global environment and general electric moving lower. they'reciting inflation and other pressures. larry culp will be joining us later this hour. jim, for 3m and ups, the stocks are a little bit higher. could have been worse. >> 3m will show you exactly what the organic growth is. some people may object to the new method which takes it so you've got litigation risk off the table. consumer health and safety of 3.4%, i thought that was good. health care plus overall -- the overall takeaway i have is that if you want to look at 3m as a pure company withou

i'm sara eisen where we stand now dropped to session lows a moment ago but back nicely.oints technology hit hardest again. seeing weakness in all the tech names. chips, internet, software, hardware

. >> a big day nonetheless, and sara eisen will be all over it as she brings you to the close >> thanks for watching "power lunch. >> have a great weekend. "closing bell" starts right now. >> thank you, tyler and kelly. and stocks are falling hard. we are at session lows the dow is down almost 850 points wall street ends the week on a sour note. down 2.5% for the week for the s&p. the most important hour of trading starts now welcome to "closing bell," everyone on a friday, i'm sara eisen, coming to you live today from washington, d.c. take a look at where we stand in the market it's broad, and it's ugly. the s&p 500 down 2.4% right now. every sector lower by at least 1% even the better performing sectors like defensive groups like staples down a percent. the hardest hit areas of the market right now, materials, health care, communication services, and financials it's a mix technology stocks, growth stocks, value stocks, cyclical stocks all getting thrown out today small caps down 2.5% check out the s&p 500 sector heat map it really does show you just how extensive this sell-off is righ

important hour of trading starts now happy friday, and welcome to "closing bell," everyone i'm sara eisent s&p just barely positive nasdaq is underperforming and the dow has been outperforming all day. up about 200 points right now. nasdaq down 100 points is a tale of two markets there underperformance in technology that's been a theme. as treasury yields march higher again. outperformance today in energy, financials, health care, and materials. unh, united health, biggest contributor to the dow gai

i'm sara eisen dow remains higher up half a percent thanks to ibm and procter & gamble s&p 500 lower masking strength in real estate, consumer staples, health care, utilities. slightly defensive financials up. so are industrials, materials and energy what's not technology communications services. thanks to netflix. chart of the day it is shedding tens of billions of dollars in market cap now down 37% about $5

i'm sara eisen here's where we start the week holiday shortened trading week, down 200 on the dow.s the s&p down about 1%. the nasdaq down even harder, down 1.5%, and small caps hanging in there this comes off a down week the only sectors positive are industrials and materials. energy is the weakest link, as oil prices slide further below $100 a barrel. and check out mega cap tech names, something to watch into the close. the faangs are all lower microsof

i'm sara eisen where we stand in the market up 280 on the dow. breaking a three-day losing streect.the moment working? most of higher technology, losingec

most important hour of trading starts now welcome to "closing bell," everyone happy friday i'm sara eisenof the seconders are stronger in the s&p. real estate leads the charge along with materials, industrials, tech, and financials are lower, and so is the nasdaq the dow is up almost 100 points. about 85 points or so. we're still a little weaker on the week higher for the nasdaq. here are my top takeaways on some of the biggest stories. transports are hit hard, down 4% it's the latest group to signal

i'm sara eisen here in washington, d.c.with the fed chair and others at the imf debate and what it all means for the markets coming up on the show here's where we stand right now in the markets near session lows. dow failing to hold on to some early gains. we're down more than 200 points right now. s&p 500 losing steam, down 1.3%. only one sector is positive, consumer staples everybody is else in the red technology hurt today, nasdaq down

i'm sara eisen here's where we stand in the market higher as i mentioned, though off the highs of theot as high as up 1 skaesk we lost a lot of gains, up 34 points or so best performer is energy, financial, technology, and materials. some of the hardest groups like semis and software are bouncing back, but you have weakness in the defensive groups like health care and consumer staples weighing on the overall market nasdaq is flat, and small caps are lower. want to zoom in on the

i'm sara eisen here's where we stand in the market right now pressure on big tech down 1.85% on the nasdaqat's gone higher and that's pressuring big tech. all the big mega cap names are feeling it software, chips, you name it, tesla also not helping it's lower on the elon musk bid fo

i'm sara eisen here's where we stand in the market tech heavy nasdaq stands out today, up 1.75%, butline in the dow. s&p up .7% why is tech doing well well, you have the chinese internet names soaring on friendlier moves from chinese regulators twitter carrying the s&p 500, communication services the best performing group tesla doing well on deliveries and technology, consumer

i'm sara eisen dow remains higher up half a percent thanks to ibm and procter & gamble s&p 500 lower by 0.2 masking strength in real estate, consumer staples, health care, utilities. slightly defensive financials up. so are industrials, materials and energy what's not technology communications services. thanks to netflix. chart of the day it is shedding tens of billions of dollars in market cap now down 37% about $50 billion of market cap lost right there after posting a surprise subscriber loss much more on that in a moment. >>> coming up on today's show, ceos of the two dow components driving the dow higher now hear from ibm chief and the stock sits atop the dow after strong performance in its cloud business stock jumping, and later jon moeller on impact on inflation and ability to keep raising prices from pochter and gamble. biggest decliner on the s&p netflix down 37% stock plunging after the company report add shocking subscriber loss first in more than ten years or quarterly results. mike santoli is back with a closer look for the dashboard. what are you keying into. >>> radica

i'm sara eisen where we stand now dropped to session lows a moment ago but back nicely. dow down 68 points technology hit hardest again. seeing weakness in all the tech names. chips, internet, software, hardware consumer discretionary worse in the s&p. utilities holding up and so is reality estate, health care and energy mission of energy and defensive plays. nasdaqdown 1.5%. you can see a lot of winners over the last year or so it's moderna, it's the high-growth companies. cloud names and software secure, cybersecurity names, and paypal down more than 3%. top takeaways on some of the day's biggest stories. david dowd pick your darling, 90% of the etf pshgs cloud etf in the red even with a bounceback in past weeks. higher interest rates, biggers winners in a low environment david dowd had a great quarter valuations down bu feshfeshl fe firmly in the cross hairs of the federal reserve. and lockdown extended indefinitely in china. service sector contracting sharpest pace in two years in march. and more supply chain issues expected a growing headwind dollar higher strengthe

i'm sara eisen here's where we stand right now.growth is the leader today, up 273 points it's given that all back s&p 500 down .25%. and the dow is down about .1%. energy is leading the way today in terms of sectors. you have strength in utilities, consumer discretionary, materials, financials getting hit hard as we see interest rates go the other way yields lower today that hurts ahead of earnin

i'm sara eisen where we stand in the market up 280 on the dow. breaking a three-day losing streect. s&p up a firm 1% at the moment working? most of higher technology, losing sector. energy up. materials. only two in the red financials and utilities. look at consumer discretionary highlight this into the close. by far top performing sector today. travel stocks helping the group a lot. marriott, norwegian, caesars, hilton, sharply higher positive comments and earnings out of delta certainly fueling a lot of optimism in that sector. a big interview coming up you won't want to miss fed governor christopher waller joining us exclusively in a few minutes to talk about inflation, fed policy, the economy, and much more onthe back of two back-to-back very hot inflation reports. get to our top story today bank earnings. jpmorgan reporting profit dexlin in first quarter earnings this morning. decline driven by increased cost for bad loans and impact from the war in ukraine stock down 3.4%. bank sector taking a hit on the back of those earnings results tomorrow more earnings from citi, goldman

i'm sara eisen here's where we stand, down more than 600 on the dow. down by pretty much everything, it's broad. every sector is lower in the s&p 500, 2.8%. amazon is hitting consumer discretionary particularly hard. that sector is down 5.6% look at the nasdaq, it's down 3.3% worst month of trading for the nasdaq since back in 2008, the depths of th

i'm sara eisen plenty of red on the screen for the nasdaq 100 this hour look at some of the biggest losersogy, kla corp, data dog a combination of a lot of different tech sectors chips and software getting hit particularly hard. we're giving back all of yesterday's gains and then some. we are near session slows as we speak. here are my top takeaways on some stories

i'm sara eisen let's show you where we stand, near the highs of the day, up more than 400 points on thestock is higher at the moment. boeing actually adding theos is leading us higher, up 1.75% all the faang names are higher amazon is actually adding the most to the qqqs microsoft, apple, facebook, tesla, alphabet, nvidia all higher today as well small caps bouncing back tth

. >>> as we go to break, a programming note here, don't miss sara eisen down in d.c.n, big interviews including a conversation with fed chair jerome powell, beginning at 1:00 p.m. eastern time "techcheck" in the meantime is back in a moment ♪ >>> apple store employees in the atlanta first to file for union election steve kovach here in san francisco. we were talking about this earlier because we can in person and i was making the analogy to amazon, asking you how this was different and in a way i know it's factory workers versus retail workers these are well paid relatively but the pandemic changed everything. >> yeah. that's exactly right, dee. so i was talking to cwa rep, a union whose is backing these employees, and i was like, why is this happening? apple -- first of all it's a small number of apple employees. they're well above pay for most retail, 20 bucks an hour starting, get stock grants, parental leave, all this stuff you typically don't think of retail why? it's the pandemic resetting expectations of what people expect to get from work. and it's not just re

powell was speaking at the international monetary fund hosted by cnbc reporter sara eisen.didn't watch this from start to finish, but investors did and they keyed on one thing in particular. powell said it is appropriate, in my view, to be moving a little more quickly. he also said, i also think there's something in the idea of front-end loading. so more quickly means a rate hike in may. that's next month. front-end loading means a bigger rate hike than last time, so probably a half point instead of a quarter. at least that's what we think he's saying. the fed doesn't set interest rates, of course, as far as mortgages go, but when it hikes its interest rates, mortgage rates do go to. clearly the end of low rates are over. the 30-year now at 5.1%. that's the highest it's been since 2011. that makes homes more expensive, as your monthly payment will go up. have you seen this? a youtuber claimed he had to jump out of his airplane because his engine quit. now, this looked fake from the get-go. even the person in our newsroom said, yeah, this is totally fake. the faa agrees, say

important hour of trading starts now happy friday, and welcome to "closing bell," everyone i'm sara eisen here's where we stand in the market s&p just barely positive nasdaq is underperforming and the dow has been outperforming all day. up about 200 points right now. nasdaq down 100 points is a tale of two markets there underperformance in technology that's been a theme. as treasury yields march higher again. outperformance today in energy, financials, health care, and materials. unh, united health, biggest contributor to the dow gains right now. something else i'm watching into the close, inu.s. dollar breaking out surging past $100 for the first time in nearly two years it's been up every day this week the euro taking out march lows money chases yield and rates and certainly, those rates are rising in the u.s. that strong dollar going to hurt earnings in the coming quarters. cuts into overseas sales so far, market appears to be okay with it on the show, brian niccol, ceo of chipotle will join us the whole restaurant industry dealing with rising costs, a tighter labor market, and uncerta

powell was speaking at the international monetary fund hosted by our own cnbc reporter, sara eisen.ot have watched this start to finish, but wall street investors sure did, and they keyed in on one thing in particular. powell said it is appropriate in my view to be moving a little more quickly, and said i think there's something to the idea of front-end loading. more quickly means may, next month. that's when we're going to get a rate hike. front-end loading means a bigger hike than last time, at least that's what we think he's saying. the fed doesn't set interest rates, but when it hikes rates, mortgage rates tend to go up, too. and clearly the era of low rates is over. 30 years at 5.1, the highest it's been since 2011, that makes homes more expensive to buy, as your monthly payment goes up. >>> have you seen this? a youtuber claimed he had to jump out of his plane because his engine quit. it looked fake from the get-go. the faa now agrees, saying the youtuber deliberately crashed his own plane in the santa barbara area for the youtube views. take a look. i suppose i should mention

i'm sara eisen here's where we stand in the market very different picture than where we stood this morningon the s&p 500. the nasdaq has gone positive as well it's up .25% the dow is up 133 points we were down 300 earlier today small caps are lagging, still in the red. but boy, what a turnaround just in the last hour or so what's taking us higher? defensive, health care, staples.

speaking at imf, quizzed by our own sara eisen markets expecting he'll solidify the case for yield in may. popping up, can the ten year be far behind what's it mean for mortgage rates and hear what the fed has to say in a couple moments. >>> plus, another one bites the dust a major streaming change, and word is cnn plus is shutting down after a month of launch shares of warner brothers sinking. and "the exchange" gets you ready for the markets. dom chu has the markets. >> green solidly so earlier this morning. we talked about it knthis mornig in the red not a lot. the fact we are in red territory although marginally may be signaling something about a little bit of a sentiment now given a nice short-term bull run we've seen dow jones industrial down 2 points flat on the session just about but solidly higher at one point today. s&p off one-half of 1% 20 points there. nasdaq, 13,344 down 109 points big reversal there and nasdaq trade down three quarters of 1%. highlight now an interesting theme that's starting to be in the early stages of developing so far in this 2022 year 23457 the dif

i'm sara eisen take a look and where we stand in the market, up 600 opponents on the dow the s&p is up 2.7% the nasdaq really climbing back today, 3.3%. we're now positive for the week after all that small caps up 2% check out the most actively traded names this hour here at the new york stock exchange. tells you a lot about the mood right now. we've got ford number one, probably because ryan reynolds picked it in his second pick teladoc getting slammed, down 41%, that's why the ark innovation funding is red. nokia, at&t and nio, high volumes on all of those names. coming up, michelle buck whose stuck has been a stealth winner, we'll talk about today's earnings results, what she sees in terms of consumer spending and of course inflation. >>> plus heather boushey will join us from the white house with their response to today's unexpected gdp contraction whether or not it signals a looming recession. >>> let's get straight to our top story. meta surging on earnings sending the nasdaq sharply higher. do those results mark an all-clear moment for the group joining us is barbara durant, and

here with that news is sara eisen who joins us with more sara. >> hi, good morning, andrew.ottom line, 64 cents a share. a huge number. coca-cola seeing that number in at 18% so very strong sales, very strong earnings, and they are keeping their outlook intact but i did just get off the phone with james quincy, the ceo he sounded very cautious he said it was a great quarter, but, quote, the storm clouds are gathering on the horizon they kept their guidance intact because they feel confident about their strategy that's working. that includes stepped up marketing and innovation they've had a few new cola flavors that have gotten a lot of buzz. but things have gotten complicated on everidy mention the consumer is not going to endlessly swallow inflation. yes, coca-cola has been through business cycles before it's resilient, but clearly there are headwinds and inflation is one of them china is another one china in this q1 went negative, he said, despite what was a strong start to the year but the lockdowns in shanghai are proper lockdowns and they're hal halting mobility on russ

i'm sara eisen here's where we start the week holiday shortened trading week, down 200 on the dow. not too far off the lows the s&p down about 1%. the nasdaq down even harder, down 1.5%, and small caps hanging in there this comes off a down week the only sectors positive are industrials and materials. energy is the weakest link, as oil prices slide further below $100 a barrel. and check out mega cap tech names, something to watch into the close. the faangs are all lower microsoft, we're inclugd that in faang, down more than 3% currently the worst performer in the dow. that's why the tech heavy index is weighing on the overall stock market remember, the nasdaq composite was down 4% last week. so we're adding to those declines and it's all about higher interest rates. the ten-year yield going to 2.75 first time since 2019. we have great lineup to help you navigate the market volatility, including tom lee, kyle bass, mark mobius. plus, we will talk to former twitter board member mike mccue about elon musk's decision to now not join that company's board. let's get to inmarket as stocks

i'm sara eisen let's show you where we stand, near the highs of the day, up more than 400 points on the dow, nearly every dow stock is higher at the moment. boeing actually adding theos is leading us higher, up 1.75% all the faang names are higher amazon is actually adding the most to the qqqs microsoft, apple, facebook, tesla, alphabet, nvidia all higher today as well small caps bouncing back to the tune of 2% check out the s&p 500 sector heat math. shows you the breadth of the rally. everybody is up except for energy consumer discretionary is in the lead along with real estate. those sectors up a nice 2% or more communications services, industrials, just energy coming down after crude oil fades a bit. we have a big interview coming your way this hour we're going to talk with the atlanta federal reserve president, raphael bostic, after the world bank and ifm slashed their global growth forecasts for the year we'll discuss fed policy, inflation outlook, and much more first up, a pivotal day for tech stocks earnings kicking off after the bell it comes as the nasdaq makes a big move highe

i'm sara eisen here's where we stand in the market right now pressure on big tech down 1.85% on the nasdaq, it's the rising rates we got a bit of a reprieve on yields in the last few days, but that's gone higher and that's pressuring big tech. all the big mega cap names are feeling it software, chips, you name it, tesla also not helping it's lower on the elon musk bid for twitter. masking strength in fwrups like utilities, staples, and industrials. take a look at the names dragging the most. apple, microsoft, tesla, amazon, and nvidia that's what's pressuring the major averaging as well. the s&p down .9% coming up, we'll talk to the cfo of wells fargo, among the worst performers in the financials after the company posted a mixed quarter before the bell. >> plus, box ceo aaron levie on his stock's strong performance plus his first take on yelon musk's bid to buy twitter. let's get to the top story, there new chapter in the twitter saga elon musk making a bid to buy twitter for $43 billion. the stock popped on the news, has since turned lower it's down about 2% just moments ago, musk did mak

most important hour of trading starts now welcome to "closing bell," everyone happy friday i'm sara eisen here's where we stand this hour. s&p 500 looks like it wants to go positive. most of the seconders are stronger in the s&p. real estate leads the charge along with materials, industrials, tech, and financials are lower, and so is the nasdaq the dow is up almost 100 points. about 85 points or so. we're still a little weaker on the week higher for the nasdaq. here are my top takeaways on some of the biggest stories. transports are hit hard, down 4% it's the latest group to signal economic weakness. names like jb hunt, norfolk southern, and united trains, planes, truck. they're coming off a great march, beating the market. that's an optimistic tell, but the sharp sell-off today could be a signal the mood is changing as signs mount about slowdown and even recession >> amazon workers, they vote to unionize the first successful union effort after a series of failed attempts we're talking about a warehouse in statd staten island will it continue well, watch the job opening data for a clue we

speaking at imf, quizzed by our own sara eisen markets expecting he'll solidify the case for yield in say in a couple moments. >>> plus, another one bites the dust a major streaming change, and word is cn

i'm sara eisen here's where we stand in the market very different picture than where we stood this morning. up .5% on the s&p 500. the nasdaq has gone positive as well it's up .25% the dow is up 133 points we were down 300 earlier today small caps are lagging, still in the red. but boy, what a turnaround just in the last hour or so what's taking us higher? defensive, health care, staples. financials also popping into the green and consumer discretionary all doing well right now here are my top takeaways. berkshire hathaway becoming the largest shareholder of hp with a $4.2 billion stake reflecting some buffett style attributes deep value and one note, buffett's own steady portfolio has been performing well. berkshire is up 15 prs this year with the market down 6%. so boring, low value, cash generating stocks are working better in this environment and here's a chart for you for the moment the size of the fed's balance sheet compared to the s&p 500. we have a very strong correlation here and that makes sense the market loves liquidity and stimulus as that rose, as the balance sheet ballooned

i'm sara eisen here's where we stand in the market higher as i mentioned, though off the highs of the day dow got as high as up 1 skaesk we lost a lot of gains, up 34 points or so best performer is energy, financial, technology, and materials. some of the hardest groups like semis and software are bouncing back, but you have weakness in the defensive groups like health care and consumer staples weighing on the overall market nasdaq is flat, and small caps are lower. want to zoom in on the energy sector because it's the best performer today. oil prices are rising and names like volero, cotara energy, philips 66, and occidental are leading the change coming up, jan hatzius out with a new note today on the impact ofhigher mortgage rates on the hot housing market home builders have been wrecked this year. plus, the world bank just loss the global forecast by nearly a percentage point we'll ask david malpass what's behind the prediction. >> averages volatile in the session. we're not trading higher despite the ten-year yield continuing to march to a new high, hitting the highest level sinc

i'm sara eisen plenty of red on the screen for the nasdaq 100 this hour look at some of the biggest losers in the index. moderna, lam research, marvell technology, kla corp, data dog a combination of a lot of different tech sectors chips and software getting hit particularly hard. we're giving back all of yesterday's gains and then some. we are near session slows as we speak. here are my top takeaways on some stories u.s. coal prices topping $100 a ton for the first time in 13 years. look at peabody energy stocks springing back to life russia supplies 18% of the world's coal exports it's a big problem for electricity costs and a step closer to europe banning russian oil and gas. >> a big jump in treasury yields one of the catalysts, lael brainard, who is usually dovish, talking hawkishly about shrinking the balance sheet as soon as the may meeting and shrinking it rapidly it shows there are no doves left at the fed the fed is going to move aggressively not just on interest rates but on the balance sheet too and the market may be underpricing the risk >> and carnival and the cruise stocks r

i'm sara eisen here's where we stand right now. the nasdaq growth is the leader today, up 273 points it's given that all back s&p 500 down .25%. and the dow is down about .1%. energy is leading the way today in terms of sectors. you have strength in utilities, consumer discretionary, materials, financials getting hit hard as we see interest rates go the other way yields lower today that hurts ahead of earnings tomorrow communication services also weaker what i'm watching into the close, oil prices getting a big lift today, up more than 6%, and wti and brent are both now back above $100 a barrel. why? china relaxing some of the restrictions in shanghai, a sign more demand could be coming, and opec warning it would be impossible to replace all of the oil from russia. coming up on the show, national economic council director brian deese will join us with his first comments on today's four-decade-high inflation print and how the administration plans to battle those higher prices. >> let's get straight to the market and this big intrada

i'm sara eisen here's where we stand in the market tech heavy nasdaq stands out today, up 1.75%, but everyone is higher and we have recovered from nearly 200 point decline in the dow. s&p up .7% why is tech doing well well, you have the chinese internet names soaring on friendlier moves from chinese regulators twitter carrying the s&p 500, communication services the best performing group tesla doing well on deliveries and technology, consumer discretionary, and communication services are the only green services on the s&p 500. here are my top takeaways. new highs for energy names today. apa, hess, marathon oil all hitting new highs. oil moving up 4%, as european politicians are horrified by the new image of atrocities coming out of ukraine president macron calling for oil and coal sanctions but germany is yet to get on board despite the market's hope of peace talks, the war is raging, and investors that are looking past it may need to recalculate. oil and energy stocks remain the tell both elevated today. >> starbucks suspending its buy' back under the return of founder howard schult

i'm sara eisen here's where we stand, down more than 600 on the dow. it's being weighed down by pretty much everything, it's broad. every sector is lower in the s&p 500, 2.8%. amazon is hitting consumer discretionary particularly hard. that sector is down 5.6% look at the nasdaq, it's down 3.3% worst month of trading for the nasdaq since back in 2008, the depths of the financial crisis didi is seeing strength in the chinese internet names, ford, nio, at&t and alibaba. >>> coming up today, chevron's ceo, mike wirth, joins us to talk about his quarterly results that are sending that stock lower, although it's up more than 30% on the year let's get straight into this market sell-off. joining us now tony dwyer. tony, if i've been reading your recent notes correctly, you are expecting a little bit of a reprieve in the market it doesn't feel like that today. >> no, it doesn't, sara. we put that out wednesday when the market was getting smoked then our policy since december, i have this line, don't just do something, sit there and usually it's the other way a

i'm sara eisen take a look and where we stand in the market, up 600 opponents on the dow the s&p is upasdaq really climbing back today, 3.3%. we're now positive for the week after all that small caps up 2%

i'm sara eisen here in washington, d.c. more on my conversation with the fed chair and others at the imf debate and what it all means for the markets coming up on the show here's where we stand right now in the markets near session lows. dow failing to hold on to some early gains. we're down more than 200 points right now. s&p 500 losing steam, down 1.3%. only one sector is positive, consumer staples everybody is else in the red technology hurt today, nasdaq down 1.75% and small caps down the most, 2.3% check out the energy sector. it is the worst performing sector right now in the market names like baker hughes, devon energy are under pressure despite oil prices being higher. coming up, more black eyes for streaming today with cnn plus shutting down and netflix shares falling again after yesterday's stock meltdown kevin mayor, former head of direct to consumer at disney, former tiktok ceo, will join us live he predicted last month that netflix would be offering ads. that was a good call we'll get his take on the streaming

. >> i need to hear about what you think about that fabulous interview that sara eisen did with mr.kets. i got to get your views on what mr. musk will do next with the reality or nonreality behalf is happening here >>well, i know -- i thought sara did a great job. i found that the idea that there was anything regulatory there was that bullard was talking about 75 and looks like 50 business people want it higher because they're tired of people asking for price increases i'm on board now i think musk has them in the following way, which is, look, we're going to -- if he drops the stock goes there stock goes to 33 you want to be responsible for that drop to 33. then go ahead. i'm going to walk away so i don't know. i mean, you have a real process board there. really great we don't know who is the actual negotiator but, you know, you have a chairman who is not going to let that go to 30. he's not. >> you think -- there's cleverness to this, which is he's now -- this is elon has locked up a lot of banks in terms of financing it makes it harder for a white night to -- white knight to arri

at ziprecruiter.com >>> good wednesday morning, welcome to another hour of squawk on the street sara eisen of earnings season. yields are down and dow is up 60 and delta and travel and airlines help out. jp morgan is off the initial lows as jamie dimon warns about a number of challenges. >> we're 30 minutes into the trading session. here are three big movers. paypal under pressure after the new ceo is losing the company for same job at walmart. and blackwell's capital reiterating the push for the company to consider a sale and arguing that peloton's made little progress, little to no under the new ceo bury mccarthy. shares are down more than 35% since he took the role they're up 1.5% today. and earnings season kicking off. from delta to bed, bath&beyond and first we'll start with the banks. financials are the worst perf performer. leslie picker joins us with the details. >> they're digging through today's result and whether jp morgan specifically and financials broadly are being conservative or if they see something more concerning on the horizon. as it pertains to these earnings results.

the organization now forecasting global growth of 3.6 this year stay tuned for sara eisen's first on cnbc interview with the imf's chief economist in the next hour, even as bma another growth target cut for china because of the lockdowns over there scl i don't know how they're going to be able to do these numbers. europe is much worse than we realize, and they need about 6 million barrels of oil just to have their numbers they're lucky to get half that china, the lockdowns claim that china is going to be open, but a number of chips -- listen to the jb hunt call you understand not only is china shut down, but the ships are just piling up they say you can't see the water, and, david, you know, we're the string you remember the bank of america call we're the -- like we're the strength in this world, and if you have board get its way, we're not going to be the strength of this world. >> why not >> you take rates to 3 and change, and then suddenly you've got our country losing its principal growth, small to mid-sized businesses growing we know housing is going to be crimped. in the end, d

i'm sara eisen with jim cramer carl has the morning off david is on assignment we have an exclusive interview with the ceo of boeing, dave calhoun, on the heels of that company's results. looking at futures, looks like we'll rebound from an ugly session all around everything sold off yesterday, we're up 240 or so on the dow. s&p 500 up 16 points and the nasdaq up 34 the nasdaq got slammed yesterday. big sell-off into the close. it was broad it was bad breath. this was the third negative session in a row for the dow the dow is below its 200-day moving average the nasdaq suffering its worst day since september 2020, trading in bear market territory. we have two big names out in the indexes with results, alphabet reporting weaker earnings, that was perception on a revenue -- >> perception. thank you for that >> because i know you'll push back >> you bet i am. >> i read that conference call and same with microsoft, which we'll talk about, which is helping futures, up 4% on alphabet, there's stale lot of growth. the youtube numbers were a big miss compared to a year ago. >> one thing he does as an

. >>> good monday morning, and welcome to "squawk on the street," i'm sara eisen with jim cramer carl has the morning off david is on assignment take a look at futures as we begin a new week of trading off an ugly week last week we have cut our losses still looks like down triple digits, down 101 on the dow. s&p futures down 16. we were down about 300 earlier in the morning we'll begin with the markets under pressure as concerns about inflation, and fed rate heights remain front and have, the dow had the worst one-day performance since october 2020, falling 2.8%, a thousand points there into the close, jim, all about the fed, and this morning, we've got new worries about china's lockdown, expanding to beijing, the heart of the country after some magss testing and shanghai has been shut down for nearly a month >> thank you important day, too >> yes, i think that we have to recognize that there are self-inflicted issues. when i look at the fact that china could have gotten the b biontech, and didn't build out the infrastructure to do it, thank you dr. scott gottlieb for helping me there

i'm sara eisen back with jim cramer carl has the morning off david is on assignment he's going to joinound yesterday where the market ended higher futures under a little pressure. s&p down 19, nasdaq down 58. we have a lot of earnings to digest and we're going to begin on that earnings from. what does it tell us about the economy?

i'm sara eisen with jim cramer carl has the morning off david is on assignment we have an exclusive interview we'll rebound from an ugly session all around everything sold off yesterday, we're up 240 or so on the dow. s&p 500 up 16 points and the nasdaq up 34 the nasdaq got