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

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

let's turn to seema mody for more of the story. > kelly, what a start to the year, royal caribbean, carnival and norwegian on pace for their best start to the year on record up 40% now trading at 11 times earnings that's above prepandemic levels on this expectation that this is the year that cruising will come back however, a new channel check survey from morgan stanley suggests they're seeing pricing softness so that's why this earnings report will provide a very crucial read on what exactly royal caribbean is seeing not just over the last three months but going into 2023 can they achieve that level of profitable they set out for in september of last year the question on china, it was fall last year when jason liberty told us they are leading china because of the ongoing lockdowns, concerns around when they could get back to it. here we are with the story of the china re-opening when are the cruise lines expected to re-enter that market that's played a role. >> great point if they mention china or ai they're sure to she a rally. do

. >>> also on top stocks to watch as we head into the close, seema mody is here with that >> on a down day for stocks especially consumer names and get a check of two outperformers, dillard's rebounding following its disappointing earnings report now tracking for its worst week since july but, again, up about 4% at this hour and invest buy hanging on to gains after ubs raised its price to 87 from 80 bucks and reiterated a neutral rating that company is set to report earnings next thursday up 1.5%, scott. >> okay. 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

. >> 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

what cost that was one concern, the increase in marketing expenses we saw in q4. >> seema, 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 re

generally t market's been very robust across the board in the western world and asia and latam. >> seema modit 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 dynamics a

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

the united states, i think this could be a longer term play for many investors >> thank you to seema mody cfo interview and to craig for that shareholder insight. >>> up next, mike santoli joins us for his "midday word. still ahead, "grade your trade." we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? (vo) verizon has the epic new phone your business needs on the 5g network it deserves. so let us focus on the how. boost your team's productivity with samsung's fastest processor yet. switch and save up to $1000 on the new galaxy s23 ultra. now that's epic. on the network america relies on. 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. start a 30-day home trial today. terms apply. >>> welcome back to "halftime. senior mark commentator mike santoli joins us now from the new york stock exchange with his "midday wor

. >>> 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

i'm seema mody the white house is planning on rolling back title 42 in may an official tells nbc news the immigration policy which allows the u.s. to quickly turn away asylum seekers for health and safety reasons has been the subject of a supreme court battle president biden announcing the public emergency will expire may 11 which will end the immigration policy >>> adani has called off a share sale that raised $2.5 billion earlier this week after the company faces a probe from indian regulators following allegations of stock price manipulation made by the short seller the stock has plummeted since the report's release adani says moving ahead with the share sale would not have been, quote, morally correct >>> and last year was the biggest year for crypto hacking as criminals stole nearly $4 billion according to a new report north korea linked hackers stole nearly $2 billion against crypto exchanges. 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

(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 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

." >> 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 joins with the expedia group ceo peter kern >> welcome back to cnbc. >> good to see you. >> let's start with the increase in marketing spend i think there's some questions there that includes tv ads and youtube, in total up about 20% compared to 2019 levels. right around the time you became ceo of expedia, when you pledged to make the company more efficient. how do you justify this increase in budget and the expected payoff >> yeah. 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, w

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

bell market zone mike santoli here to break down the crucial moments in the trading day and plus seema modyweek retail earnings. we'll kick it off with the broad market higher on the dow, mike. the defensive names are getting the boost. the s&p is pulling back half a percent. any catalyst as we look to end the week lower on the s&p about by half a percent. >> i think the catalyst is just the context people trying to digest the new edge of hawkishness from the fed this week the little bump higher in yields and i do think one of the takeaways is the market really has been able to churn in place as opposed to really give up much now who knows if that will last. there has been a loss of momentum some of the most aggressive parts of the market out of the gate have rolled over and you mentioned defensive stocks retracing higher today but for the most part it is data point to data point on the economy to fine-tune the outlook for the fed. so far yields come down today a little bit so i think that is one of the reasons why the market was sort of held in a narrow range i mentioned monthly expiration

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

seema mody has that. >> another tech company announcing layoff, ebay announcing it is cutting 500 jobs, 4% of its workforce. the company says it will let employees know over the next 24 hours made in a release to the s.e.c. and in that filing, ceo jamie ionon talking about how the macro situation that's being considered by the company and how it best invests so we can continue to be successful are needed it's spiking higher by 0.8%. 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

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 (kombuch

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

mody. >> jason, welcome to cnbc. >> oh, thanks for having me, seema, and welcome to anthem of the seas, wherehave 4600 passengers and we're at purp load factors >> we can hear them. clearly a lot of interest in price. your ability to price cruise packages above 2019 levels how sustainable is that, jason >> well, we really have seen since late summer that our booking activity has been accele accelerating and since november that pace has picked up more we've had seven, soon to be our eight of our largest booking weeks in our company's history and that's really forcing he very strong demand from new to cruise and first to brand looking to go on our three incredible brands. >> when asked about strong bookings you referenced the resilience in the jobs market on the conference call. i just wonder how much of this rebound that we're seeing in travel spending, how much that hinges on a strong jobs market we just heard from jerome powell who mentioned he expects the job market to soften at some point does that worry you? >> well, what we really look at the and obviously what we're talking to our guest