start to the year, seema.st year we're up big this year do you expect it to continue or do you think the highs for the u.s. have made already been made this year? >> so, i think it is possible that you could see this market rally that you see the start of the year continue for a little longer it does make sense wherever you are at the moment, the market is saying we are closer to the end of the fed tightening cycle than beginning. we are yet to see clear signs of recession. if you think about the labor market and how strong that was but, at the moment, what the market is saying is it is a few more hikes to come then there will be fairly significant cuts to the end of the year they are picexpecting a soft landing. how much upside is there and the considerable down side risk? this rally could persist a little bit longer and you look at the longer year, we have to wonder how, you know, it does seem if the market varally cannt continue and declines could re-test the october lows from last year. >> yeah. what a sta

we appreciate it seema moda and jeff kilburg.iberty tomorrow after their earnings report 1:00 p.m. eastern tomorrow looking forward to it. >>> still ahead, one china watcher says that suspected 1350i balloon could have far reaching implications for investors. he'll join me to explain. >>> as we head to break here's a look at the dow heat map even though declines are only 40%, 2-1 decliners versus advancers, intel mcdonald's, travelers and caterpillar all up nicely today. we're back after this. ♪ i've got a plan to which i'm sticking. ♪ ♪ my doc wrote me the script. ♪ ♪ box came by mail. ♪ ♪ showed up on friday. ♪ ♪ i screened with cologuard and did it my way! ♪ cologuard is a one-of-a kind way to screen for colon cancer that's effective and non-invasive. it's for people 45 plus at average risk, not high risk. false positive and negative results may occur. ask your provider for cologuard. ♪ (group) i did it my way! ♪ >>> welcome back to "the exchange." the dow currently down 44, nasdaq the worst down 1% and megacap tech let's chec

seema modi, you've got the story. what is the deal with norwegian? >> kelly, as you know, the story for travel has been one of strength and a positive view of the consumer that is willing to pay top dollar for a big trip and a big vacation royal caribbean ceo jason liberty joining usa few weeks ago where he said that pricing power would improve going into this year and that will be the question for norwegian which is much more skewed toward the luxury customer and how much e la lastisity is there, and how does it view the competition from the likes of marriott that debuted the ritz carlton yacht and these were smaller vessels that can get into ports that larger ships can't and speaking to a number of travel agents and customers are very receptive to this idea and it does come down to their balance sheet. analysts have been cautioning that of the publicly listed cruise lines, norwegian has the most to do to bring down that debt and that will be a key topic. >> more so than carnival, seema? >> that's exactly right. they have 2 billion in maturities, i

as seema mentioned huge growth in their precision ag. small ag still up 14%. construction up 26%.oubled, raising guidance $30 a share in earnings over the course of the next year. you apply current multiple to that, the stock could be well over $500 a share and it's close to an all-time high. we like it a lot we've liked it for a long, long time and continue to add for clients. >> seema just hit on this a minute ago deere involving ai in its business does that excite you at all, or is their business more analog in your mind? >> it's incredible, a sign technology is everywhere including in the industrial space. as she mentioned, you have precision targeting of fertilizers. you have satellite imagery, the ability for some of the tractors to drive without a human being for a farmer, that's a way to reduce long-term operating costs and why they have tremendous pricing power and long growth ahead of them. >> we'll bring in a few other people weiss, you trimmed your position in deere this morning. >> i bought the stock just over 400, and insaid, look, if they miss, well, look at cat. ca

seema, appreciate that we're just getting started on "closing bell. ahead, up in the clouds, the software space is surging but can that rally really last and what might it mean for the broader market we do discuss live from the new york stock exchange "closing bell" on cnbc back right after this the eagle has landed. that's one small step for man... hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that? those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. >>> we continue to see rallies being led by lower quality stocks that was certainly the case in january. similar to october and august and last march and so we get these sort of relief rallies,people cover shorts, chase momentum and then things sort of sort themselves out. >> that was famed short seller jamie chanos when he joined us earlier to discuss the market's re

seema mody has more. >> two good reads on the consumer etsy delivering a fourth quarter revenue beat,ng the online marketplace is now nearly three times the size it was prepandemic. he also offered a cautious outlook on the rest of the year related to the macro environment. but that did not stop bank of america from raising their price target on the stock. up about 3% on the day wayfair, though, plunging after a wider than expected loss and nearly 20% drop in active customers as americans spend less on furniture and more on food and travel. you'll see the stock is tracking for its worst day since march of 2022 still holding on to a gain for the year scott? >> all right, seema mody, thank you very much. >>> nvidia having the best day of the year after giving strong guidance and our next guest says the ai fueled bull case is nowhere near over. let's bring in ankur crawford, portfolio manager of alger, joins me here post nine. welcome back looking at the stock now, 14%. i hear people all day say, well, the earnings weren't that good you own it what is your take? >> i think let's take a s

seema mody is here now with the impact for u.s. investors.g, seema. >> good morning, frank adani group decline and the allegations of fraud has undermined confidence in the country after two years of out performing global markets. the $5 billion etf lagging the emerging market peers by a wide margin the adani stocks are now the worst listed in the asian etf. foreign investors pump ed in $2 billion in chinese equities a and taiwan and korea india has seen outflows. the cio of lafayette university's $1 billion endowment says the allegations and lack of response from the indian government has weighed on sentiment and it is important for emerging market investors to get selective. cnbc analyzed the stocks with the 5% with the ticker epi as tracks the index with less than 1% exposure. there is a sector specific etf the financials and consumer india etf with zero exposure there is a way to play the markets in india with limiting exposure to adani. it is seeking feedback on the adani group and securities no plans to de-list. so far, it has not reach

so, there's a few things going on there, seema, that we talked about yesterday. one is that our b-to-b business is growing very quickly and the commissions from our b-to-b business throw through our marketing line you're seeing the actual benefit of the growth of that business we also saw a lot of weather impacts, particularly at the beginning and end of the quarter. and when those cancels come through, we bought business that doesn't actually happen and our marketing seems inflated relative to what comes through the results. but had those cancellations not happened, obviously, those marketing dollars would have been efficiently spent overall, we are spending more for long-term customer value so, you've seen us increase our investment in app downloads and other things that are a little longer live than the old performance marketing where we used to spend most of our money on the seasonal trends are slightly different. you're seeing a little bit of that in the seasonally lower q4. that's really what's going on. >> what do the trends look like in 2023? you mentione

, thanks seema mody guy. >> it went up 55 over the course of a month and a half. they needed to crush it and did not do that. like some of these others there will be a level to buy it. it's not here. 116. it's not here. it probably fines a home around 105 then another conversation we'll have. >> i think given what was seemed to be somewhat disappointing i think it trades really well, actually, right. given the run it's had i love to hear marketing expense is up. you know who travel marketing expense would be, google or i guess now bing but i want to say google much more -- >> hearing about severe weather or things that are short-term head winds is an opportunity to buy. that's not why it sold off it's a valuation and multiple if i'm looking at trailing. i don't know where they are on a forward basis that i think we all would say in this market you're not paying what you were yesterday and that's the problem after this kind of a move. >> paypal out with earnings. initially positive but in the red after reporting a mixe quarter missing slightly on the top line beati

generally t market's been very robust across the board in the western world and asia and latam. >> seemamarket is clearly not pleased with the results is there a disconnect here is it just last quarter's results are coloring the interpretation >> i think what's providing a floor on to the stock is the fact that expedia is guiding for double-digit revenue and ebitda growth in 2023, despite the fourth quarter miss, which peter kern chalks up to bad weather. the other big concern will be about the increase in marketing spending in total of 20% compared to 2019 levels. there is some evidence that is working. they're seeing record app usage, loyalty membership is up over the last four years, but that will likely be a concern for wall street as it fixates a bit more on profit growth going into the new year one of the downside risk scenarios brought forward by oppenheimer this morning was if we start to see the airlines and hotels really push for direct bookings a bit more aggressively than we have seen in the past as they focus on this travel recovery and how that could change the market dynam

seema , i used to talk to people a lot, but it was not good to be with people the self-reports of the use cases of this kharazmi student were in this course the most important area of ​​retirement savings letters, strategies and horizons of the free zone, consume because if the answer is from the trip of the first ones and evaluation and judgment with you at 20:00 , the news network is one year apart from the example of the group. a better tv pool and heart, heart, heart, because no matter how you calculate it, you can buy in installments, easily buy installments without a salon , i did it with one hand, without the need to go to an engineer . i arrived late in traffic. i can't do something every day i will give you the card of the desert company, i come to you every day, kabir building, i go everywhere, i just changed my car, the desert has 20 months installments, the desert motor is in the process of opening the city of carpets and the city of home appliances, this time in isfahan, the address of isfahan, imam khomeini st., corner of mino st., hello. i was an employee in order to be

seema mody >>> to our "chart of the day."ed to underperform the target goes to 93 from 111 following the earnings miss. weiss, this is yours this is your stock what do you make of this call? is it time to sell >> look, i did some moderna what i've done to the other stocks. the catalysts were the rsv vaccine, fast tracking that and the data and the personalized cancer vaccine if you look at their pipeline, not a lot is expected. i took the opportunity to shave it i still own it i still believe ultimately it will be the most valuable health care company out there so i'll keep the position. >> i know you've talked about this stock for a while now >> right >> advising people who don't own it since you've been reducreduc would you enter now or no? you make a bullish long-term thesis but not necessarily in the long term. >> i have no expectations near term but you never know what will happen to data on their pipeline i probably wouldn't put new money in it today. take the long-term view, maybe if your position is $100, you could pu

scott, back to you >> seema, thank you. >>> let's get to our calm of the day.paypal overweight at morgan stanley with shares up more than 20% from their 52-week low you both own it. jason, you go first. what do you make of this call here >> i like it paypal struggled last year, down 60%. they have a great reputation and just helping to manage business and helping them become more efficient. it stinks to see people lose their job but cost cutting is a strategy they're doing well there i like venmo, a strong opportunity for the stock. that's a vertical that can keep the momentum there i like the call. >> the momentum lately with block, the former square, over paypal, if you put them at the same table people have been eating more block than paypal. >> that's right. >> what's up with that emblematic of the kinds of stocks that led the way? >> i think it's a smaller market cap. paypal has a lot of baggage that's carried it into 2023 from really a horrendous 2022 there's a lot of things going right on the cost side it's another one of these names that's in treatment,

maryam fadaei of sada news agency seema roo, the office of justice allocation of privatization organization behind the line about mrs. prisoners , hello, please tell me about the details of this resolution that was announced and what were the details of the problem that the board of directors did not accept. report program it was also mentioned in the news that the color of the year 1401 had been announced for us, it had been decided that equity of justice had been done to the initial measures and also to the civil registry organization of the country , and in november with the resolution that had happened and the companies had left it, which needed to be amended. that this happened, but they pointed out the issue and compliance with the upstream law should be implemented by the regulations on pages 34 to 37 of the joint proposal of the ministry of economy and the ministry of communications, which was stipulated in the budget law in 1401 by the economy for the government after this womb it is simplified in the implementation of the necessary approval and economy the economy of the ministry

(upbeat music) >>> welcome back to tech check i'm seema mody and here's your cnbc news update in oregont in violent kidnapping has ended. police say the suspect shot himself. benjamin foster died in a hospital after he was taken into custody. foster was accused of torturing a woman he held captive. she remains in critical condition. >>. >>> australian emergency teams have found a dangerous radioactive capsule after a six-day search the pea-sized pellet fell off a truck on a 860-mile highway. the australian prime minister thanking street searchers for literally finding a needle in a haystack >>> and ozzie osbourne may have sung his last concert. he has canceled his tour dates osbourne says his voice is still fine and he can't believe his touring days have ended this way. >> seema, thank you very much. >>> it's been a very busy 24 hours in reports and announcements of layoffs and a news alert on some at fedex. for that, we'll turn to our frank holland. >> fedex shares up almost 1.5% rising after this news broke that fedex will reduce its workforce by about 10% at the officer and director

seema body joins us with the story and a 7.2% pop for the stock and the question is how much longer thisquestion. i'm happy that it made it into this historic market zone. there was an investor angst as to whether farmers could continue to spend millions of dollars updating equipment and today's report saying those concerns are overblown the order book is full for 2023. but some weakness in the smaller tract or business and the cfo saying that is due to the weakness in the housing sector and higher interest rates. but overall they continue to spend more on research and development. so the question is going to be, prices are expected to moderate at same time their costs are going up because they're making this big bet on technology what does that mean for profitability going into the latter half of the year? and so for that, that is a question sort of april to may looking to the second half of 2023, sara but for now investors loving the company outlook and the stock up over 7%. >> and i love that you called this thank you for that and what about the infrastructure bill. now that it is get

. >>> so seema moody for a news update. >> good afternoon. here's the update.re nine air pollutants at levels that could cause long-term health problems in the air in and around east palestine, ohio, where a train carrying dangerous chemicals derailed "the washington post" reporting the findings by texas a&m researchers based on epa data that appears to contradict federal and state reassurances that the air is safe even as residents complain about rashes and breathing problems. >>> 12 states led by democrats are filing suit against the federal government challenging special restrictions on miferpristone. the move as a texas judge appointed by donald trump considers a separate suit by an anti-abortion group that seeks to immediately stop sales of the drug the argument that it was wrongfully approved by the fda 23 years ago >>> and for everyone keeping score, selena gomez the most followed woman on instagram. she had given that up to kylie jenner when she took a break from social media but her reign may not last long. gomez says she's taking another social media

seema mody with us >> last fall federal agents searched a park avenue property.hat raid and others led to today's "operation klepto capture" with the justice department asking the court to seize properties in new york, hamptons and miami beach, all valued at $75 million. >>> ford is suspending production of lightning truck for another week as engineers try to figure out why a vehicle caught fire waiting for a predelivery quality check. >>> there were a lot of gop candidates on stage as the party held its early presidential debates in late 2015 and early 2016 we'll see how many are in the running this time around when the republicans hold their first debate that has been scheduled for this august in milwaukee. carl, back to you. >> seema, thank you very much. >>> coming up later this hour, as we said, the ceo of devon energy is with us, as nat gas continues to move lower this year devon stock down 10% so far after plunging on earnings last week take a look at the retail etf. the xrt now on pace for the worst week since july of last year leading that to the downsid

remaining games , it will become the championship of tehran's hopes, mehdiar mustafa lo , sada news agency seema sepahan zani in didari friendly in naqsh jahan, isfahan, two well-known football clubs sepahan of iran, zenit of russia, after a year and a half since the first joint meeting of managers of the two tara clubs, after obtaining the necessary permits , will be held on friday, the 28th of bahman at 15:30 at naqsh jahan stadium in isfahan. face each other in a friendly match until 2024 for sepahan and zenit clubs in different parts of friendly tournaments, competitions between age groups of common hairs, common pressures is part of the program that took place according to the international aspects of the event in the recent days of history soccer europe, uefa, the asian football federation, as well as the international football federation, fifa, have simplified the necessary permits to hold this game. at the end of the 20th week of the iranian premier league, the iranian army is the leader of the iranian premier league with 42 points. it is considered to be one of the most proud club teams

that's jason liberty, ceo of royal caribbean. >> seema, our thanks to you and jason as well.'s down 180 points. right now stick around because coming up on "power lunch" satya nadella himself, the man of the hour microsoft's stock still positive he joins us first on cnbc on the heels of their big a.i. event. and all of these announcements we were just talking about i'll join tyler mathisen for that after this quick break. (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon. ♪♪ ♪ a bunch of dead guys made up work, way back when. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ >>> welcome to "power lunch," everybody. i

. >> seema mody joins us now. >>> let's start with td bank which has agreed to pay a massive settlement related to a ponzi scheme from more than a decade ago. they'll pay $1.2 billion involving the disgraced texas financier. they had litigation that accused it of negligence for working with stanford. >> in other news, elon musk is looking to build a new ai chatbot according to a report from the information. musk is reportedly meeting with ai researchers to start a lab to develop an alternative to chatgpt. the report says the project is still in the early stages and musk has yet to comment on this publicly. >> seema mody, thank you. >>> coming up, what we're learning about a major learning about a major cyrattackbe t ubrelvy helps u fight migraine attacks. u rise to the challenge. u won't clock out. so u bring ubrelvy. it can quickly stop migraine in its tracks within 2 hours... ...without worrying if it's too late or where you are. unlike older medicines, ubrelvy is a pill that directly blocks a protein believed to be a cause of migraine. do not take with strong cyp3a4 inhibitors. most

seema refused, well done bypass it is suffering from the economic sanctions of some western countriesat is your opinion about the anti-human rights effects of these sanctions? i can't answer this question myself. mr. kamalondi announced the resolution of some security issues. at the same time as these issues were resolved , we requested the director general of the international atomic energy agency to travel to iran. we resolved the 84% change in the inventory that the media simulation was actually done, and it was identified with the agency. sina is an aerospace company that is in the process of enrichment, i think considering that some of these issues that have been arrested are not appropriate for us to see that our cooperation should be within the framework of professional and impartial issues without political interference from the countries. if we are worried that the western countries are trying to use all the international tools of the international organizations as a political tool, the institute of gun violence archive announced that in less than two months since the beginni

back to you, tyler >> thank you very much, rick santelli >>> let's get now to seema mody for the cnbc >>> hi, tyler. good afternoon here is what is happening at this hour. the first police officer to confront tyre nichols before he was severely beaten was reportedly accused of brutality seven years ago. the associated press says hailey was accused of taking part in a savage beating of an inmate in 2015 the assault was so disturbing 34 other inmates, everyone in the cell block signed a letter to the corrections director >>> florida governor desantis has been granted effective control over the district where disney world operates. the state legislature passing a bill giving desantis the authority to appoint all five supervisors of the district. support for the bill came together amid desantis's ongoing feud with disney as he cracks down on the company for being what he says too woke. >>> and federal regulators are seeking to lower power and water consumption by household appliances new rules proposed by the energy department would save americans an estimated $3.5 billion a year and redu

ebay cutting 4% of its workforce. >> seema, thanks we heard from zoom also cutting jobs it saw a big pop in the session as well on this, guy. >> a lot of these companies overhired. but with all that said you're not just seeing that out of technology companies you've seen it on the manufacturing side of things, as well all the different verticals will be affected and that to me does not suggest an economy that's growing. it's one that's slowing down rightly so, by the way, again, what are you willing to pay in an environment where the market is slowing down, the economy is slowing down, margins are contracting and heard from a number of different people with interest rates elevated. it's not a historic market multiple and it's certainly not a multiple nearly 20 times what the market is forecasting for next year. >> all right coming up, a burrito burnout we all thought it was blow-out chipotle sinking after earnings and headlines out of the company's conference call next plus bing bots big ai updates what the ceo had to say on the future of tech more "fast money" in two my dad was a ha

let's get over to seema mody to find out seema? >> david, thank you. board here >> welcome >> thanks for having us. we typically meet at hotel launches but we are on marriott's first mega yacht. a michelin star restaurant on board. some would say is marriott entering the cruise market >> it's the yacht market, a much smaller ship in terms of capacity 149 cabins on the yacht, 298 passengers, 6 food and beverage outlets. i think what really distinguishes with the yacht is its affiliation with ritz-carlton it immediately identifies for our prospective passengers what their expectations should be in terms of the physical quality of the ship and maybe more importantly, the service delivery. >> this clearly is a bet on the luxury customer. luxury makes up 10% to 15% of your total sales with this new offering, how do you expect to grab customer share? >> for that luxury customer, they're a discerning customer and they want to find new and unique experiences we think this is a natural extension for our luxury portfolio. >> it's an interesting partnership. marr

yeah mother of all capex cycles seema moody. >>> after the break, we'll talk alphabet, down around 9%yesterday following the a.i. chat bot badete that's lasted all week long we're back in two. my business' payroll taxes will calculate themselves. right? uhh...nope. intuit quickbooks helps you manage your payroll taxes, cheers! with 100% accurate tax calculations guaranteed. realtor.com (in a whisper) if we use kevin's college fund, we can afford this house. the house whisperer! this house says use realtor.com to find options within your budget. good luck young man. realtor.com to each their home. >>> welcome back to "squawk on the street." i'm dominic chu. here's your news update right now. amazing rescues continue to happen amongst the destruction in turkey and syria. it took more than a day but german and turkish rescuers were able to pull this woman from the rubble where she had been trapped for 104 hours. but the number of rescues has slowed as the death toll continues to rise. now closing in on 23,000, more than 80,000 folks injured. >>> ukrainian officials say russia launched an

. >>> let's send it to seema mody for a couple of stocks to watch today. >> we have charles laboratories downbeat forecast. a justice department into illegal smuggling of primates that charles river counts on for lab testing. crispr thatherapeutics are surgg after a narrower than expected loss the gene editing therapies in development, one of which treats sickle cell disease. scott, back to you >>> last chance to weigh in on our twitter question will nvidia be higher or lower tonight. you can head to cnbc closing bell on twitter and we'll reveal the results teth bakafr isre at morgan stanley, old school hard work meets bold, new thinking, ♪ to help you see untapped possibilities and relentlessly work with you to make them real. ♪ 92% still active? seems high. seriously? it's just a bike. wait. they make a treadmill with an intuitive speed knob? yeah. want to try? 92% stick with it, so can you. rent a peloton bike or bike+. terms apply. oooohhh, it is cold outside time to protect your vehichle from winters wrath of course the hot sun can be tough on vehicles too you need weathertech all y

actor and marvel superhero seema lou - simu after him.added a room that provides a quiet and inclusive space at the chase center, featuring interactive lights and sensory games for people with sensory needs. disney is the parent company of marvel and abc 7. reggie: ruth that he did not stop by. we love him. we did an interview come out one of 100 that he did that day, but we had a connection. antman and the mania days. this time his daughter joins him. >> i saw iron man with my dad and i was like i want to be a marvel superhero. and she literally grows 40 feet so my dream came true. reggie: antman and the wasp i in theaters for a 17 and your new steam from a few years ago is in the first antman. stars in it, alongside these other actors. kumasi: disney has announced black panther: wakanda forever as the most-watched film. it became available for streaming just this month and broke the record in the first five days. it premiered in november in theaters and it also surpassed a record set by the hunger games: catching fire after getting 100

seema, you've got john deere. >> the stock is up 7%, lower fertilizer and energy prices helping farmersuarter spend more on ag equipment. precision agra grew sales by 55% a year cots are going up as well. the ceo telling me that spending on research and development is up 14% versus last year, just high of 2.1 billion. mergers and accusations will remain key to thebroader strategy as deere bets on artificial intelligence and robots farmers want more tech enabled efficient that makes them more efficient when planting and harvesting one cause for concern is pricing. after two years of price increases he says prices will likely come down toward the back half of this year as inflationary pressure subside. that's not stopping the stock from moving higher. >> heather, what do you think of deere? >> i think it's a great example of a company that had pre men douse competitive advantages and we can see some of the strengths coming through they were able to raise prices twice as much as they were -- as they saw -- cost increases i should say it's a cyclical business there will be bumps in the road

. >> seema, thank you. looks nice and warm. >>> this is the part of the show i say so long. let's go to carl and sara on the floor. >>> good tuesday morning i'm kcarl quintanilla with sara eisen on the floor of the new york stock exchange. let's talk about the agenda. carlyle group, and dirk van de put, we'll get his take on consumer strength and inflation, and robert shiller, as rates continue to rise, what does that mean for the housing crisis? higher rates, two big earnings movers rattling the streets between walmart and home depot. >> that is our top story the two earnings movers tops the tape for us. cautious guidance and a weaker consumer the story here with walmart, now off the lows actually it ticked higher throughout the last hour home depot dragging down the dow. it's still down more than 5% walmart pointing to thinner balance sheets and declining savings rate as catalyst for the full-year slowdown with cfo warning of a pressured consumer. home depot missed on sales and drop in profit for 2023, another warning on pressure from the cfo, pointing to a consumer shift

." >> let's get the headlines now with seema mody. >>> one or more unnamed witnesses who testified investigatingte's 2020 election may have committed perjury and should be indicted if there is enough evidence to support prosecution. that's what the panel says in a section of its report publicly released today the grand jury says it found no evidence of significant fraud in the balloting. >>> utah senator mitt romney saying former president trump, in his words, by far the most likely to become our nominee and the only way to stop him is the party to rally around his opponent in a two-person race. >>> and after six years on the show ryan seacrest is leaving abc's "live with kelly and ryan" saying working with kelly ripa has been a dream job her husband will be her new co-host. how about that back to you. >>> up next, our "call of the day," a debate on how to play the top-performing semistock ahead of earnings next week. we are celebrating black history through our teammates being contributors and leaders in business here is the cnbc vice president of business operations >>> having a father from gh

seema mody is with us. >> the federal reserve's preserved gauge of inflation. the price index rising 5.4% in january from a year ago. it just asks this growing evidence that inflation has not peaked giving the two reads we received last week on consumer price indexes and producer prices which showed that prices are back on the rise. now, the question markets are trying to apps is whether january is an outlier or the start of the resurgence of prices going higher. it fuels the narrative of higher interest rates. wall street will look to the unemployment data to see if the unemployment rate is starting to tick up and from that report, what wall street strategists will extrapolate the average earnings, but clearly markets responding, the dow now negative for the year. >> see ma, thank you so much for that. >>> meantime, the justice department today seizing $75 million worth of properties, belonging to a russian national. it's part of their operation to punish russia for its invasion of ukraine. nbc's tom winter joins me now. what more can you tell us about this ol

if you look at what seema said, a year ago, the stock was down 40%.ed recently, we have seen analysts ratchet up their estimates, which is always a good sign as you lead into the print. so there's still a little more juice left in the tank for that. >> we appreciate it. a quick programming note, the ceo will be on tomorrow to discuss those results, 11:00 a.m. eastern time. >>> now to lyft. it has a tough act to follow after uber posted its strongest quarter ever shares are up 31% over the last month. diedra, those earnings, with everything else going on, flew under the radar. but wow, what a report >> it did. and that makes it tougher for lyft year-to-date, it's up some 50% that beats uber's performance. but this is a stock trading at $16 and change that's a fraction of what it went public at, at $72 a share so it has fallen extremely far over the last few years. really, there's concerns on the street that maybe it's losing market share to uber just take the revenue expectation. it is expected to post revenue growth of 19%. how does that compare to ub

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sorts in strategy pippa, thank you very much >> lots of record profits in the oil business to report seema mody has our cnbc news update >> the death toll from the earthquakes in syria and turkey have soared past 7,500 rescue teams from around the world have joined the search for survivors. more than 2,100 deaths happened in syria in a far smaller disaster area. >>> germany, denmark, and the netherlands have announced another shipment of tanks for ukraine. they plan to refurbish many. >>> labor secretary marty walsh is leaving the biden administration he is giving up his position to lead the nhl players association. walsh joins chief of staff and some type biden economic advisers who are stepping down ahead of biden's state of the union address tonight. >>> multiple schools in michigan have received phone calls about active shooters today. lockdowns as dozens of officers responded. schools in ann arbor are among those that received the fake calls. >>> still to come, a downgrade for t-mobile amid growing subscriber growth. implications for wireless and cable. that's next. ♪♪ inner voice (ko

i'm seema moody.xed right now with the consumer discretionary sector among the leaders travel and leisure names are some of the top gainers including carnival, royal caribbean, booking holdings and trip adviser set to report earnings this afternoon. marriott showing gains after beating expectations on earnings, and its outlook. ceo tony capuano telling cnbc last hour demand remains strong and 20% of business trips were longer in duration last year compared to 2019 levels. that stock trading at a nine-month high. carl, back to you. >> thank you very much. >>> when we come back, blade conducting the first ever ev aircraft flight in the new york city area this morning we'll talk with the ceoabout those efforts, consumer demand and a lot more later this hour stay with us ensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. here's your cnbc news update at this ho