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so, servicenow put your workflows immhm. cloud, huh?st love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> welcome back to the "closing bell." we have got just under 40 minutes left of trade. there's the dow higher you can see briefly dipped lower in the last 30 minutes or so but back into positive territory it is the outperformer at the moment of the major indices. declines for the s&p and nasdaq. >>> all eyes on super bowl liii this weekend with more states legalizing sports betting we could see record numbers of betting on this year's game. joining us, draftkings ceo jason robins welcome back. >> hi. >> tell us about volume. is this the biggest day of the year what is it like versus normal days >> super bowl sunday is the biggest day of the year, for sure you know it's the biggest sporting event of the year and not surprising the biggest day of the year for us the numbers are actually still, you know, tdb because we are a few days away but closer to game time it ramps and we're seeing every

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servicenow. works for you. >>> americans are living longer, which is great news, unless you're worried you won't have enough in the bank for retirement a column in the "wall street journal" is encouraging investors and lawmakers to rethink and refresh the 401(k) let's bring in jason, who writes the intelligent investor column for "wall street journal," my favorite thing to read every week thank you for joining me. >> great to be here, kelly. >> first, what prompted the column what are the main flaws with the 401(k) >> well, there's a bunch it's kind of inflexible. it's hard to carry around with you. it's also basically inadequate most people are likely to come up short on the amount of money they're going to need to save for retirement so, this brings together a bunch of ideas on how to augment retirement savings and also how to make them easier. >> so, what is the main way people can augment because i mean, shy of saying well, you should have started 30 years ago, had better market conditions or

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the global investment management so, servicenow put your workflows immhm. cloud, huh?st love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> sunday is the big game a lot of players are making big calls on stocks. eric has been talking to players about what stocks or stock, singular, they're buying >> reporter: that's right. we talked to players on both teams this week and asked if you can buy any one stock in the whole world, what stock would it be there was a surprising popular favorite i beat out all the others by a wide margin. have a listen. >> right now amazon. they're killing it seems like they are taking over the world. >> i'm going to get jeff bezos on the phone >> amazon. >> i have two siblings that are amazon employees it's been good to us as a family >> bezo. >> yeah. now it's too late. we missed the boat >> amazon is starting to get a hammer lock on all kinds of different markets. now they are starting to do their own food store >> jeff bezos continues. it's incredible to watch >> here is the interesting thing. it'

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servicenow. works for you. >>> welcome back president trump's efforts with north korea collapsed. eamon is still in vietnam. the president unable to make a deal i was shocked this morning when i read the headlines. >> it was a fascinating moment we just had another fascinating moment over here in hanoi. the north korean group head a press conference, telling reporters who gathered hayly that ultimately they did not ask for the removal of all of the sanctions, just certain sanctions. they also said the offer they made to the american side was, quote, practical that's not what the president said in his press conference overnig overnight. he said they asked for the removal of all the sanctions here's what he said. >> basically they wanted the sanctions lifted in their entirety, and we couldn't do that they were willing to denuke a large portions of the areas we wanted, but we couldn't give up all of the sanctions for that. we'll continue to work, and we'll see, but we had to walk away from that particular suggestion we had to walk away from that. >> reporter: kelly, in the wake of th

so, servicenow put your workflows immhm. cloud, huh?ckles ] thank you. you could say that. i love you. servicenow works for you. >>> welcome back freeport-mcmoran has lost a third of its value over the last year morgan stanley says now is the time to get in they upgraded the stock to overweight $14 price target what do we think of freeport they are talking about higher copper prices and that's one of the reasons for the upgrade. >> a lot of it correlates to copper prices but there's been a significant turn around as it relates to the grassburg undermine. this is repositioning their balance sheet. significant -- when you are looking at data to the s&p, it comes in somewhere around 1.53 so if we are a market that's going to trade higher, you're seeking data short interest is relatively low, around 3% i think the last piece of this puzzle that is interesting is the global exposure. so if you get some form of a recovery globally, okay, that's -- >> that's where i'm thinking with the economy copper prices -- >> go back to -- only 32% u.s. re

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so, servicenow put your workflows immhm. cloud, huh?. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> we are getting close to seeing the numbers from the world's largest retail wrer, wal-mart's quarter will be unveiled in minutes, and it will do something it has not done in years. patrick mckooefr is president and founder of the daily on retail, and he joins us now. patrick, thanks for joining us the street is looking for 3.2% same store sales for wal-mart. u.s., that's pretty similar to what they did in the third quarter looking for eps of 1.33. i think relatively in line numbers. however, my sense is that the first half of the quarter was stronger than the back half. the back half is where we had the government shutdown, which started on december 22nd three days before christmas. we had the polar vortex, and i think those factors played into the numbers a little bit i think we'll see -- we've got weak numbers for december retail sales from the government last week i think you'll see a little bit o

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so, servicenow put your workflows in the cloud, huh? mmhm.ployees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. hey, how ya doing? uh, phil. are you guys good with brakes? we're ok. just ok? we got a saying here. if the brakes don't stop it, something will. that's not a real saying. it is around here. i wrote it. just ok is not ok. especially when it comes to your network. at&t is america's best wireless network, according to america's biggest test. now with 5g e. more for your thing. that's our thing. >>> welcome back today in tech history, five years ago satya nadella began tenure as microsoft ceo. the stock is up and it is a recognized leader in cloud nadella lauded for refocussing on enterprise customers as main drivers of profit and consumers of drivers of scale in cloud and mobile era cnbc has been there every step to bring you the story has it always been sunshine and rainbows less than a week before the first broadcast interview as ceo, nadella said something at a conference, asked ho

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servicenow. works for you. >>> 5:54 p.m. in hanoi, vietnam.ive look in where president trump's motorcade is about to leave to meet with his official summit with north korea's kim jong un. let's bring now back in eamon. give us an idea as to the timeline we know the two had lunch. when does the actual discussion, the debate begin? >> hundreds and hundreds of people rushed to those barric e barricades to get the closest possible viewing position to see the beast and the president drive by here in hanoi we're expecting three different events through the metrohall hotel. we expect to see an official greeting between president trump and kim jong un. we also expect to see a one-on-one meeting just with the two leaders there and their translateors, and then we expect to see a social dinner in which the leaders and snft highest level official wills have a meal together all of that in advance of the official summit events tomorrow. this is just sort of a photo op greeting, a one-on-one meeting where they will be able to discuss some of the key material

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servicenow. works for you. >>> welcome back to "halftime report."es now." rates on the rise following this morning's gdp number despite beating expectations, the number is still historically low for u.s. growth. do you think the rally in the ten-year yield can last? >> i do. yesterday i bought a put spread. this is my theory. with powell being dovish, i think that could usher in another round of risk on people don't want to tie their money up if there is better opportunities. there's something else we haven't talked about in years, it seems like. if the trade dispute gets subtled and the fed remains dovish, he someone mentioned the word recession. >> what do you by, anthony grisanti >> when you have a small range like we've had, i look at the charts more and more there's a lot of resistance, and we fell there you a few times. now we're below some key support levels, so i think rates can go higher he certainly 2.75, 2.8 looks like they're in the cards. >>> for more "futures now" tune in live at 1:00. we are talking to chris harvey and john kilduff on

so, servicenow put your workflows immhm. cloud, huh? ] thank you. you could say that. i love you. servicenow works for you. >>> welcome back to "worldwide exchange." 5:51 in the morning. good monday morning, i'm brian sullivan monday setup right now, futures mildly in the green. we were up just a touch, but what did you expect on the monday after the super bowl as well whatever the game itself, many of you no doubt were having a slower start to your morning than usual but let's get macro talk, more about the longer market cycle. joins us now is chief strategist at silver crest asset management nice to see all bright eyed, patrick. i assume you did not stay up for the game >> no, i did not you made me go to sleep early. >> the game made you go to sleep early, too, i think. it put you to sleep. patrick, thank you very much so we got a lot of stuff behind us, right? sort of the fed now is in focus, the rate decision, very kind of surprising fed what is the next most important one or two things for you and your clients right now >> well, i

so, servicenow put your workflows immhm. cloud, huh?s must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. all of you. how you live, what you love. that's what inspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> president trump expected to sign a new spending bill, and then plans to declare a national emergency. raising the stakes in the border wall funding battle. >>> the markets watching for any developments on the u.s.-china trade talks after officials wrap up two days of negotiations. that's a big deal. the first thing i said was a big deal, and then this. amazon versus the empire state the company killing plans to open up headquarters in new york city let the blame game begin andrew is unhinged on this "squawk box" begins right now, though ♪ >>> live from new york, this is "squawk b

servicenow.the irs chopped, robert frank is taking a look at why taxpayer, especially the wealthier ones are less likely to test irs and catch cheating >> this year the chances of being challenged or audited by the irs is in lowest in 15 years. the rate has fallen by half since 2011 six in every 1,000 returns for audited in 2017. if irs did 63,00,000 fewer thani 2011 among those making a million or more about one in six used to be audited. now it's less than 1 in 20 the main reason is budget cuts the agency's total budget is down 16% since 2011. the number of auditors has fallen from 14,000 to under 10,000 that's the lowest number since 1953 many democrats say the agency is being starved for funds and can't do its job of collecting revenue to fund the government republicans say it's a blow to b bureaucracy and should be cut further. you have an agency that may be stretched during the biggest rewrite of the tax code in more than 30 years. back to you. >>> if you go on their website, it's not that

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servicenow. works for you.hroughs when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> a bombshell report is detailing shocking working conditions that facebook moderators face at cognizant, a vendor use d by facebook. everything from employees doing drugs during work to cope with violent imagery to a manager carrying a gun due to safety concerns facebook issuing a response saying quote, we know there are a lot of questions, miss understanding and accusations around facebook's content review practices, include iing how we r for and compensate is the people behind the important work. we are committed to working with our partners to demand a high level of support for our employees and we take it seriously. joining us now is casey newton >> thank you for having me >> tell me about the story >> i read a daily newsletter about a social networks and a reader wrote and said i moderate content for facebook and i would like to talk to you ab

servicenow put our this changes everything. you're right sir... everything.not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. >>> welcome back and good monday morning, 5:23 on the east coast. today sa big day for berkshire hathaway, warren buffett and maybe you. first, we talked about the crushing of kraft hines stock friday and berth shire hath away taking a big hit in that company. they swung to a 25 billion loss in the fourth quarter mostly because of the kraft hines write-down berkshire hathaway and buffett own 27% of kraft hines perhaps due to when that news broke on friday, buffett did not mention kraft hines or that news in his annual letter to shareholders, which was released on saturday. he likely wrote it earlier now buffett also did not give specifics on how he would spend berkshire's growing cash pile, simply worried about how much he would have to pay to do any kind of a deal.

servicenow. works for you. all of you. how you live, what you love.nspired us to create america's most advanced internet. internet that puts you in charge. that protects what's important. it handles everything, and reaches everywhere. this is beyond wifi, this is xfi. simple. easy. awesome. xfinity, the future of awesome. >>> welcome back let's get a check on the markets. we have the dow indicated to open slightly lower by just about 35 points. the s&p off by about four points, and the nasdaq futures indicating a four-point drop for that index >>> well, the clock is ticking towards the march deadline for brexit theresa may, the prime minister there, heads to brussels today to meet with e.u. lawmakers in hopes of hammering out some kind of a deal. willem marks is in our london newt u newsroom with the latest there. willem >> thanks, dom theresa may will be meeting with the president of the european commission that's essentially the executive branch of the e.u. he has made it very clear ahead of the meeting he doesn't expect to see a huge amount of prog

servicenow.y bank, and catch marvel studio's captain marvel in theaters march 8th. >>> shares of dow component caterpillar are under pressure this morning ubs downgraded the stock from buy to sell. revenues will come under pressure as demand declines. stock was up in the 150s at one point after, remember, it was down in 80s and 90s for awhile we've been watching it for a long time. it's very economically sensitive. >> globally sensitive, yeah. >> but that's according to ubs i don't know if the analyst is that well respected. that's a big move on an analyst downgrade. >>> take a look at shares of shake shack. pretty volatile. rose more than 3% following better than expected fourth quarter earnings but they have now since turned negative off about 3% this morning. posted a top and bottom line beat that was the good news also 2.3% increase the full year revenue was lighter than expected. >>> earlier this morning, we were joined by fda commissioner dr. scott gottlieb this is what he had to say about

servicenow works for you. being the global norm, at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >> making a move to control the conversation on vaccinations >> pinterest says most shared images on its site relating to vaccination cautioned against it, contradicting established medical guidelines the search ban went into effect late last year and told pinterest can develop a better strategy to filter what it calls collude the content. this gets to the very idea and issue, you know, some people will raise it about sensorship, about the role of social media companies. >> some people might say that's fake news, and they're combatting fake news >> some people say they're combatting fake news i'm saying it's very interesting the role that these different platforms will now play. some people look at it positively and say this is great. they're dealing with conspiracy theories in fake news. others will say they're limiting fr

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servicenow. works for you.ach me more. into your xfinity voice remote to discover all sorts of tips and tricks in x1. can i find my wifi password? just ask. [ ding ] show me my wifi password. hey now! [ ding ] you can even troubleshoot, learn new voice commands and much more. clean my daughter's room. [ ding ] oh, it won't do that. welp, someone should. just say "teach me more" into your voice remote and see how you can have an even better x1 experience. simple. easy. awesome. >>> all right. let's get to "stop trading" with jim. jpmorgan. >> today is a down day obviously, but the bailout with the piece that jamie dimon appreciates saying goliath is winning. doesn't mention the balance sheet but the investor date february 26 is going to be a catalyst and raises the price target from 13 1 to 130 i can't even look at the company's price multiple this is the best bank in the world. >> nine times. where is book these days, i don't know it's well over book as opposed to goldman which has typically traded closer to bo

servicenow. works for you.day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. >>> the richest americans may be starting to feel heat over the various tax proposals being floated by democrats our robert frank has more on what they may be doing now to prepare. good morning, robert. >> reporter: good morning, carl. the odds of a wealth tax or a 70% top tax rate but be small but high earners are already planning four-game what they fear could be a populist wave to tax the wealthy. accountants, tax advisers and estate lawyers to the wealthy telling me the client calls have increased dramatically with every new tax plan from

so, servicenow put your workflows immhm. cloud, huh?you. you could say that. i love you. servicenow works for you. >>> welcome back to "closing bell." look at the stories that are pretty buzzy away from the market news today. >> i'm going to start with a postmate story confidentially filed for initial public offering, ipo according to the company, the size price and timing of the offering haven't been determined yet. so interesting to see another potential ipo of a new tech type company. there are so many. it's such a crowded space and all reportedly loss making. >> food deliveries >> food delivery apps, this is one of them. three or four years ago it was not a novel idea and suddenly using one app and now how many caviar, uber eats. >> seamless. >> plenty more in the uk. >> grub hub. doordash the difference with postmates, i'm a pretty active user of the services, i don't cook, postmates lets you go to pretty much any restaurant and finds a courier versus some of the other sites matched with particular restaurants. so it's helpful if y

so, servicenow put your workflows in the cloud, huh? mmhm.must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> welcome back to "squawk on the street." i'd like to welcome my guest from johns hopkins university. professor steve hankey thanks for joining me this morning. let's get right into it. you wrote an op-ed recently that i found fascinating. lying prices keep america keep e on spending. >> essentially every price that's thrown up by the government at the big mac row picture, rick, we're spending and not taxing in an amount equal to that, we're running a deficit in short, so that's a lying price. the taxes isn't worth the freight. what the government does is borrow and push the cost off to future generations our children and grandchildren that's just one example. the more micro level, you have all of the streets and roads in most of the country aren't priced, they're a big cost but no one pays the toll to go through them and then you look at all of the entitlement programs, medicare, the sti

. ♪ so, servicenow put your workflows immhm. cloud, huh?r employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> shares of apple slightly higher today has fallen for three days strike tim cook talked to npr commenting on the chin ka trade negotiations he said both sides are talking and i think that is essential. the essential thing to reaching an agreement the local currency devalued over the course of the year, our prices did go up there, more so than they did in regions that are u.s. dollar denominated. as for the strategy of pricing phones lower in china, he said we'll see how that works out for us. >> people spoke with tim at the time of the last quarter, look, he is incredibly candid, look, there is the patriotism trade, the strong dollar makes them not less competitive, there is a slowdown in china. he was the guy that -- he did say january was better worldwide. i think that tim, into apple yesterday saying, you know, you got this big va contract for the watch. you don't even tel

servicenow.ou.t yes >>> scott walker here's what we're working on debating what the market's next major move will be, jim cramer is here for the hour to help us do that. also following the chip stocks one firm jumping off the nvidia bus, wonder if it is time for you to do the same how about the tesla upgrade, do you think it can hit 450 bucks a share? we debate that on the call of the day on the half at noon. see you in less than 15 minutes. looking forward to being with jim today. >> sounds good, scott, can't wait >>> let's go to the cme group to get the santelli exchange. >> good morning, carl. wasn't long ago we looked at 2s, 3s, 5s with the yield curve in version. i was on the air that afternoon on "closing bell" exchange, and after i was off camera, e-mails and blogs and stories the next day because we all know when investors talk and eventually see inversion of the curve, all investing thoughts lead to the possibility of recession of course, that continues to be an issue today not so much b

servicenow. works for you. i found a companyeans to who believes in me.rt. they look out for me. they help me grow my career. at comcast it's my job to constantly monitor our network, prevent problems, and to help provide the most reliable service possible. my name is tanya, i work at the network operations center for comcast. we're working to make things simple, easy and awesome. shares of chegg, the stock on a run as you might know, up 20% this year. up more than 110% in the last year joining us, the ceo of chegg, a great guest on post 9. >> good to be here, particularly after earnings. >> beats the alternative, right? what accounts for all of this, how do you explain it? >> i can explain the business. 70 or 80% of kids go to state schools. 40% of them work 30 hours a week or more. 25% of college kids have kids. we have a different% of kids people imagine are in college. 20 million who are working, raising families anything we can do to help lower the cost, make it more accessible, help them master the material, pass the test and get them a job are things they value. chegg has

so, servicenow put your workflows immhm. cloud, huh?r employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. >>> just about 7 1/2 minutes to the opening bell let's bring in art cashin, director of floor operations with ubs who joins us at post nine happy tuesday. so you got a bunch of names above the 50 day this breakout in crude and copper and gold you think we overshoot into 2800 or more? >> i think you're going to probably want to test the resistance between 2800 and 2820 that's held us up a little bit before we haven't been able to break out. going to be a strange week, a lot of school districts around the nation are off this week so there will be family holidays i would think the volume manight be a little lighter. so we'll keep an eye on that a lot of attention over in europe, the president starting to hint that automobile tariffs and that has europe in a little bit of a dither and the brexit talks keep going and we have seen a shift in the liberal party over there labor party. a

servicenow works for you. when yowhat do you see?facing our world, we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> i think you confuse viewers. >> welcome back. it is time for a mad dash. >> here. do something for me. david, come here >> no. really >> switch. >> don't do that let's stay like this next week we'll -- >> we'll alternate. >> last mad dash of the week micron >> sometimes analysts have to spoil a parade like the parade that micron had when it went through 40. goldman won't play no, they have to rain on it. they're talking about they have done deep dives and big research of when this single d-ram company, also has flush, the move lasts long up, and the move lasts long down, and they're just saying be cautious. there is no -- pri

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servicenow works for you. >>> welcome back, let's catch you up on a few stories that should be on yourr rapid fire here with their takes are john fort, leslie picker. let's talk about the basketball story we were just discussing. nike has been the official shoe of duke basketball for three decades, that partnership may be under a little strain. this is 30 seconds barreling into the game, he suffers a knee injury, look at his left foot, his shoe tore apart against north carolina people had paid huge amounts to watch this game, to be there the cheapest ticket last night was the same as at the super bowl is that right? >> yes >> obama was there >> he's sitting in the second row, he says his shoe broke. >> how unusual is this >> it happens every once in a while this guy is a freak of nature he would be the second heaviest player in the nba. and he jumps more than anybody he's just a freak of nature. >> people say he's the next lebron >> what he's done on the court no one has seen before >> him blowing through his shoe shouldn't concern us i'm not concerned my nike is going to fall apart. i

servicenow works for you. yeah, i thought doing some hibachi grilling would help take my mind off it all. maybe you could relieve some stress by calling geico for help with our homeowners insurance. geico helps with homeowners insurance? they sure do. and they could save us a bundle of money too. i'm calling geico right now. cell phone? it's ringing. get to know geico and see how much you could save on homeowners and condo insurance. >>> we got a little less than -- more than six minutes before we get started with trading here. we mentioned briefly weight watchers, it is going to lose a lot of market cap today. just an unexpectedly poor quarter. >> yeah. minnie grossman said, there are bumps along the way, we acknowledge the results we saw in january were a hard bump. she tried to pivot she's trying to pivot this company to be ww, not weight watchers what she's trying to do is develop an ecosystem of wellness it is a brilliant plan what you have to do is say i lost x number of pounds. dj cleave lost 40 pounds