we will let you go seema, thanks to you as well seema mody reporting >>> up next, gina khan faces scrutinyt the industry a blow. why companies need to be ready to face off with enforcers and law enforcements and how much it will cost them orrr... you could use slack. and work faster with everyone you work with, together in one place. slack. where the future works. [copy machine printing] ♪ ♪ who would've thought printing... could lead to growing trees. ♪ your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire ♪ >>> welcome back to "the exchange." the antitrust battle between lawmakers and big tech getting fiercer after a bipartisan senate judiciary committee approved a bill barring them from favoring their own products over those of competitors. my next guest says the scrutiny will continue to intensify and tech companies will have to spend big money and be ready for prolonged standoffs, especially when it comes to deal. jo

shares outperforming broader market one place to go if you want a nice 4% gain since january seema modyory >> closure of 2021 should have put an end to worries investors had around industrials supply chain issues and general electric revealed earlier in the week clearly haven't gone away the ceo telling me redesigning parts doing all they can on that front. 3m, focus on that earnings report on pricing power. offset concerns around supply chains, inflation affects and allowed shares of 3m to rebound. the question now, when does caterpillar fit into all this? largest of the three screams shares out performers this year. a number of upgrades, citi to jp po morningen. jpmorgan fueled by construction and mining playing a significant role in the construction boom we've seen does a more aggressive fed slow that down? a question likely coming up on the earnings call. other thing, oil massive rise we see in oil prices over the past year helped caterpillar's energy and oil equipment business really outperform. what is the outlook there? could provide broader guidance for energy investors. >> a gr

. >> seema, thank you. seema mody, very different outcomes in terms of after hours trade. tim, what do you make of them? >> well, look, nxp, a case of where the stock like many semis i was was down 23% to intraday lows on friday the fact that they have reiterated a three-year growth, you know, between 8% and 12% is a huge relief to the market. you're at a place where, again, some of these -- some of these chip companies appear more commoditized than others and the relines on the auto sector is higher and the near term he hadwinds are there i wouldn't be worried about them beyond, you know, the near term. in other words, i think you've got a gays and it was a good day to be a semiconductor stock and i would be cautious on falling through a 15% move. >> even if you don't own an xpi, it's a good read on the enmarket, not just the automotive guy. >> i don't think we talk about it often enough. i hear what tim is saying. first of all, look where it's stopped on friday. go back to october 11th or so. stock traded down to 1180 and had a huge bounce to all-time highs in december o

shep >> seema modi, thank you >>> police in texas have arrested a man suspected of shooting and killingon deputy officers found this guy, 51-year-old oscar rozals yesterday in mexico. they brought him back to the harris county processing center. he's accused of killing a 12-year veteran of the force on sunday morning, corporal galloway pulled over a car the driver got out and opened fire hitting corporal galloway again and again. that driver who police believed to be rosales faces a capital murder charge. we have not confirmed whether he has a lawyer police arrested him using the handcuffs of the deputy he's accused of killing a funeral for corporal galloway is scheduled for tuesday a public viewing today for the new york police officer jason rivera the 22-year-old shot and killed in the line of duty. parts of midtown manhattan shut down as the procession made its way to st. patrick's cathedral this is where tomorrow's funeral will be held officer rivera and his partner, will mrt mora, were shot on friday while responding to a call at an apartment in harlem a third officer shot the susp

i do agree with you, i agree with seema i think it is a great pick i think it will continue to go highert caution investors on earnings because typically what i see is when you have a strong name like this that has done so well on earnings and it has already traded higher in anticipation of that event, sometimes if the report doesn't just blow investors out of the water you will see it pull back. but, you know, i think that if -- yeah, but if that does happen i think it would be a great buying opportunity it has a $4 market maker expected move going into earnings if you did see about a $4 or $5 pull back, it would pull back right into support >> very interesting. all right. we will see. again, they used to be the whole story for earnings season and maybe getting some of their mojo back danielle, thank you very much. danie da dan danielle shay with our trade >>> we will ask what's behind the slump in semis right after this your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candida

joining us now, cnbc global markets reporter seema mody. seema, a lot going on. >> absolutely. good morning, mika. a dramatic rebound on wall street yesterday with stocks falling precipitously at the open and then really in the blink of an eye in early afternoon we saw the market stage this big recovery. the carnage was really centered around technology stocks. investors recently have been questioning whether in a rising rate environment these companies like facebook, google, apple that have taken out debt can continue to outperform. now, the fed's two-day meeting does begin today where the focus will be on just how much the central bank plans to raise rates. is it three or four times? the exact plan, that is what wall street wants to know and how the fed plans to combat high inflation. the timing, right now the expectation from investors is that multiple rate hikes will begin in march. so chair jay powell has a busy two days ahead of him. the commentary from him will be key and the market, of course, will be hanging on every word. we are also watching earnings. we are in the t

seema mody as a market flash >> i want to draw attention to shares of carnival lower on some new commentsrom the company on the impact of omicron on sailing saying that in the beginning of the fiscal year we have experienced an impact on bookings for the near term sailings resulting from an increase in pre-travel covid positive tests and challenges in the availability of travelers getting pre-travel tests seeing a dampening of bookings activity for the second half of 2022 relative to 2019 clearly the impact of omicron having an effect on the sector clearly had some challenges overall since the on set of the pandemic and the stock prices and royal caribbean and norwegian lower at this hour. >> thank you very much. >>> a year ago today gamestop hit a record closing high of $347 seems like a short time ago. maybe not if you're a gamestop holder right now $347 is 95 under $100 some people made a killing others got killed. hearing from a hedge fund that made a killing and what they think of the markets right now look at the nasdaq but a lot could change it has been doing just that in the last

. >>> joining us to talk about this and more seema shaw, from principle global investors i don't know if you're a fan of vampire novels or jeremy granthem but do you see any way the s&p 500 falls 45%? >> hi, brian yeah, those were very strong words. we are not of that mindset we think things are going to become more challenging this year with the inflatiterest rat hikes and inflation elevated but the thing that's key to keep risk assets going, you have to have the solid economic backdrop you need earnings growth, deliveries, absolutely key fra here when we look at the global growth environment, we look at the u.s. we feel quite confident we're going to see above-trend growth even this year >> so that would be a no you don't have to be wildly bullish but a 45% drop with all due respect to mr. granthem and his vampire metaphors, it seems a little out of the book >> it does we aren't anticipating returns as strong as last year, that's for sure but we are expecting positive returns that can be more modest but still positive there are going to be parts of the market that struggle this year

let's bring in seema mody for look at how those stocks are setting up going into those results. >> theouncement of the bipartisan infrastructure deal back in november initially sent construction and industrial-related stocks higher but those gains have recently faded. pave infrastructure etf is down about 8% since then. martin marietta, vulcan materials down 6%. united rentals, seen as key beneficiary down 20% this despite updates from the administration on funds being carved out for products related to repair of bridges, the modernization of dams and the restoration of the everglades in florida. amielious research says the lack of clarity around capital deployment and when orders will be put into place for major industrials, plus new fears around inflation have kept investors on edge. that's why the commentary from ceos of general electric, caterpillar, among others next week will provide a much-needed gauge on where discussions stand with d.c how these companies are building their inventory levels making contingency plans for the eventual rollout pricing power will also be key nearly

jonathan: seema shah of global principal investors. that is ready to respond to it at some point later this year. from new york city come with tom keene and lisa abramowicz -- from new york city, with tom keene and lisa abramowicz, i'm jonathan ferro. in one hour and around 12 minutes, we will have some jobs data. your median estimate, 447,000. tom: jobs day could really move the markets. it will be interesting to see how it works out. i am looking at the revisions we will see back two months. where are we? we are at one million units, and that has come down to 800,000. jonathan: it hundred to 2000, ian shepherdson at pantheon macro -- 820,000, ian shepherdson at pantheon macro. tom: lisa, give us the whisper number, please. lisa: 500,000. tom: thank you. we go to the jobs report a 500,000 as the whisper number. right now, we go to whether girl annmarie hordern in washington. let's start with the president, four days ago on the runway for 36 minutes. the snow was so much that air force one had to sit on the runway. now another blizzard

ge, one of the biggest losers in the s&p today after reporting earnings seema moda has the details >>aviation, general electric saw fourth quarter revenue decline 3% telling cnbc supply chain issues have not eased due to omicron. >> when we talk about supply chain, we're really talking about availability of material and labor, be tit in our own shops or from our suppliers around the world we saw what many, many companies have seen through the course of 2021, with respect to shortages and extended lead time >> kulp telling me his team is doing all they can to source, redesign parts, working through new processes with supply partners, and does expect the story to improve midyear but still questions pertaining to its renewable business. he says unsure when, getting hit by inflation and a tax credit tied to build back better. breaking ge into three is still on target, health care, followed by power and renewable in 2024 back to you. >> seema moda, thanks. >> what do you do with ge stock ahead of the -- ahead of the split that we're going to see, and with some of these revenue pressures co

seema mody has a look at the names that could get hit the most markets don't always like a strong dollardoesn't. comp companies warning of a strong dollar it's strengthed against the currencies 60% of revenue outside the u.s. the dollar's appreciation over six months cost us roughly $1 billion in expected 2022 revenue. on the topic of currencies apple estimates a 3-point head wind compared to the december quarter growth rate. technology is an exposed sector are over half of sales outside the u.s. and the products become more expensive to foreign customers when the dollar appreciates. chip stocks specifically are high on the list nvidia, texas instruments making up 60 to 70% of sales outside the u.s. according to goldman sachs and also hits the major exporters. spoke to amelius research highlighting names of stocks that suffered in recent days due to ongoing concerns of supply chain. the question with the latest questions from fed chair powell and the effect on the dollar, the question now is how expect i haves respond and they secure hedging contracts and re-evaluating the vendors they u

back to you. >> seema, thanks so much >> it's time for a cnbc news update with shepard smith.hep >> thanks, from the news on cnbc, here's what's happen breaking this hour, a federal judge in the hate crime case of the man convicted of killing ahmaud arbery has rejected a plea deal that would have averted a trial. arbery's parents denounced the deal for greg and travis mcmichael after prosecutors filed notice with the court just yesterday. the judge has not yet ruled on a plea deal for travis' father, greg mcmichael jury selection set to begin next week >> california's death row is shutting down. the governor there, gavin newsom, says ending up on death row has more to do with your wealth and race than your guilt or your innocence. so he's pledging to close the facility at san quentin and transfer all inmates to other prisons within two years and eqana eqanas were falling fh trees overnight. temps dropped below 40 degrees when it gets that cold, they can stiffen, freeze, and fall out of the trees. according to the florida fish and wildlife commission, it's best to leave the inv

seema has a breakdown of the earnings for us. >> caterpillar failed to deliver the type of margin growthlooking for. two reasons. one, higher freight costs as the company relied on air shipments to get around the supply chain issues, and two, caterpillar kept its plants open and fully staffed to meet demand as much as possible, which did come with additional expenses. the company is warning on china is always surprising cfo andrew bonfield saying, quote, the only area we're potentially seeing some slowdown will probably be in construction in china as we look in2022 so changing its tone around growth it's seeing in that country. shares of caterpillar down 6%. tough week overall for industrials including 3m and general electric on the question of infrastructure and when orders will start to come through. ceo saying it will start to impact us towards the end of this year and into next year, so a potential tailwind just down the line back to you. >> seema, thank you. >> the nasdaq is up 2.75%. racing higher into the close apple, one of the top performers on all the major averages today. that

major economies should seema the road as one community think in a more systematic way, increase policy transparency and information sharing and coordinate the objectives so as to prevent the world economy from plummeting again. >> now every part of this is laughable. one of the most nationalistiche secretive, brutal regimes in the world nown is calling fr some kumbaya approach going forward. the sad fact is most american elites invariably nodded in response to xi today they're thinking to themselves how bold and forward thinking. for decades our so-called leaders except president trump have done everything possible a murderous regime at our expense and of course our business community has repeatedly bent over backwards and forwardste to court china's business. surpriserse it's no that big business and the iococ believed that americans would simplyrica shut up and take it while they turn the winter olympics into the latestga propaganda coup for their pal president xi t. but i'm telling you tonight they're wrong. we're tired of pretendingg that a ccp operates under somede kind of rule of