. >>> hola amigos, yo soy silvana henao y este tu informe cnbc para telemundo.eberÍa renunciar como director ejecutivo de la red social, llevÓ 57, 5 a favor de que suelte las riendas de dicha plataforma, se desconoce si realmente lo harÁ. cuentas falsas tambiÉn pueden registrar una respuesta en una encuesta, esta temporada festiva, adultos que compran juguetes para ellos mismos son conocidos como... y son la mayor fuente de crecimiento para dicha industria. yo soy silvana henao y este es in foro mc nbc para telemundo. >>> cambiando de tema la administraciÓn de aviaciÓn inicio investigaciÓn a vuelo que terminÓ con 11 personas gravemente heridas durante una turbulencia, faltaban 20 minutos para aterrizar y esto se vio causando daÑos en la cabina 20 personas lleva dos al hospital y espera que todos se recuperen. >>> y ahora retomando el tema de la navidad, a menos de una semana muchos estarÁn viajando si no es que ya y los que van tomar vuelos hay que tomar cosas en cuenta, algunos artÍculos que parecen comÚnes no estÁn permitidos y serÁn decomisa dos por agentes.

. >>> let's get a check of the headlines with silvana henao good morning, silvana. >> dom, good morning the pain from southwest cancellations is set to roll on for another day. the airline has scrubbed more than 2,300 flights set for today. according to flightaware, it tries to get its schedule back in order flightaware stated 86% of the flights in the u.s. were from southwest. it could take until next week before the schedule returns to normal. >>> goldman sachs ceo is warning to brace for significant layoffs starting next month. according to reports citing david solomon's message to staff, he said the bank is conducting a careful review and expectations are for job cuts to begin in the first half of january. factors like tightening monetary conditions and slowing economy for the move. >>> twitter appears to be back up and running after outages reported yesterday the web site down detecter tracks users facing issues and error messages on the web site in the u.s., canada and uk and other parts of the world iphone and android twitter app users were largely unaffected. elon musk tweeted w

. >>> in corporate news, major trouble for southwest airlines silvana henao has details. morning, silvana. >> good morning, dom airlines have canceled 17,000 flights since wednesday after being forced to deal with cold and high winds and snow. many problems have eased, but not southwest. the airline canceled 70% of the flights yesterday and the trouble is not over yet. disruption will continue this week ceo bob jordan says they plan to operate one-third of the schedule as it tries to get operations back on track among the reasons for the problems is bad local weather. southwest flight rules and shortage in denver and crew scheduling system overwhelmed and left workers in the wrong places the department of transportation is looking into the situation calling southwest rates of cancellations unacceptable dom, southwest shares this morning in the pre-market are lower. 3.5% >> thank you forks the headline >>> back to the market investors head into the final trading days of 2022 sh stocks looking to close out the year the worst since 2008. could the friday rally bring a santa

. >>> now we get to the headlines here with silvana henao with those. good morning, silvana. >> good morning, brian brian, details on what led to the arrest of ftx founder and former ceo sam bankman-fried according to newly released court records, a close associate and executive of ftx told regulators days before the bankruptcy filing, he hedged funds between the two companies. this is the first known instance of a top associate to sbam bankman-fried assisting government. >>> and passing a bill to prevent tiktok on government devices. this will move to the president's desk this will come amid growing concerns tiktok which is owned by bytedance and sharing information with chinese authorities. >>> and foxconn is rolling back the covid restrictions at the factory in china this is after protests at the plant in recent weeks. some forced apple to scale back production during the holiday quarter. anmong the policy, foxconn is restricting movement between the dorm room and factory floor. >> tiktok is getting one step closer to be outlawed in america. what will

. >>> let's kick off with breaking news with silvana henao. good morning >> dom, good morning breaking news. taiwan semiconductor, the largest computer chip maker is tripling investment in the u.s promising to spend $40 billion on two facilities in phoenix, arizona. the plans should satisfy demand for chips across the country by 2026 today, tim cook, says the company is the key supplier. morris chang and sanjay mehrotra and jensen huang and lisa su will be among those speaking out today. >>> and in beijing, residents no longer have to show proof of a negative covid test before entering public spaces this is a similar move one day after shanghai. >>> and goldman sachs will spend tens of millions of dollars to buy or invest in crypto companies. according to reuters, this comes amid the collapse of ftx and re-evaluation of the crypto sector goldman sachs says the ftx collapse has higher need for trusty players and big banks could be the ones to fill that role dom. >> silvana henao, thank you. >>> back to the broader markets with stocks seeing mar

dom. >> silvana henao with the latest thank you very much. >>> turning back to markets and the look at the latest delivering alpha investor surve and our cnbc contributors. we asked for outlook on what returns to expect in 2023. a little over 27% saythey expect gains between 1% and 5% on 40% say they see returns between 6% and 10% 18% seeing gains between 11% and 19% and 6%, yes, said they see returns of 20% or more the real bullish guys. 9% of responders are forecasting negative returns for next year generally speaking, we're positive for more on what to expect for the markets in 2023, let's bring in matt orton at raymond james management matt, you heard the results. everyone seems bullish for delivering alpha is that the conkconsensus? can we expect a decent year in 2023 >> good morning, dom happy almost 2023. what is interesting about the results is a pretty wide distribution that is reflective of the uncertainty heading into 2023. it feels good seeing people more positive on equity markets it has been a lousy 2022 with investor pessimism i think people want to be more optimistic wh

we appreciate that let's get some of this morning's top headlines from silvana henao. lvana, elon musk news. >> that's right. elon musk says he will resign as ceo of twitter as soon as he finds someone, quote, foolish enough to take the job this is his first public comment since the topic. they overwhelmingly voted he should step down from his post earlier this week. musk says once a successor is found, he'll continue to run the company's software and server teams. >>> ukraine president volodymyr zelenskyy is confirming he'll head to washington, dc to meet with president biden in a tweet hours ago, zelenskyy telling followers he's on his way to the u.s. and is looking forward to ongoing kiepgs between ukraine and the u.s. the visit coincides with the white house announcing a new package of nearly $2 billion of a security assistance for ukraine, that will include a patriot missile battery. >>> and the nfl is reportedly in advance talks to give youtube exclusive rights to its sunday nfl subscription package the deal could be announced as soon as today following the meetin

let's get right to this morning's top stories starting with southwest's continued struggles, and silvana henao is here with us hi, silvana. >> southwest airlines is warning of more flight cancellations after scrapping two-thirds of its flights yesterday and 70% on monday ceo bob jordan offering this apology. >> i want everyone who's dealing with the problems we've been facing, whether you haven't been able to get to where you need to go or you're one of our heroic employees trying to stabilize the airline, we're retutrying to everything we can to return to a normal operation and please know that i am truly sorry. >> there's been bad weather in multiple cities, staffing issues, and stec knollgy issues leaving crew members struggling to figure out assignments. southwest drawing criticism from staff, passengers, and the biden administration here's transportation secretary pete buttigieg. >> again, we're hearing from a lot of passengers who haven't been able to get anybody on the phone. i'm looking to the airline to make sure they're not just meeting the bare minimum of legal requirements but taki

silvana henao is back with that. >> maybe, right?ave announced -- it's a rough agreement on a full-year government funding package. the lawmakers did not reveal how much money they had agreed on. republican senator richard shelby said he and his fellow negotiators should be able to finish the package by next friday the news came hours after the house began moving a stopgap spending bill to avoid a partial shupdown that would have began this friday. >>> rupert murdoch is expected to testify next week in a defamation la suit against fox news the chairman will be questioned tuesday. dominion is seeking more than $1 billion over allegations fox news and its on-air personalities fueled false claims the company engaged voter fraud that rigged the 2020 election. >>> and the biden administration is reportedly set to putti a company on the black list. meanwhile huawei and other companies would be restricted of accessing u.s. banks, accusing them of espionage against the u.s., brian. >> big stuff there they continue to clash silvana henao, tha

eastern to get the vote rolling on the deal one that could still fall apapa. >> silvana henao, thank you very much. >>> to the developing story overnight. two former kexecutives at the sa bankman-fried crypto empire pleading guilty to the criminal fraud charges. this is as the embattled ceo finds himself back on u.s. soil today. mackenzie sigalos joins me two lieutenants are cooperating with the government in a case against him. what is going on >> dom, caroline ellison, his one-time girlfriend, and the chief of alameda research and gary wang pleaded guilty to criminal charges that they helped orchestrate the scheme to defraud invest ors of feetx the charges were released last night. the same night that sam bankman-fried was on the way to new york he faces eight charges from the same prosecutors who accepted plea deals from ellison and wang s.e.c. complaint alleges wang created a back door in the software to divert customer funds for their own trades ellison and wang signed a consent order with the s.e.c >> mac, this is interesting for the u.s. attorney for the southern district of n

let's check on those headlines with silvana henao good morning, silvana. >> good morning, brian we have other headlines to cover. we start with covid zero rollbacks in asia. hong kong is cancelling the incoming travelers and now they b will be allowed to visit within the first three days of arrival. >>> twitter is disbanding the volunteer trust and safety council. this is days after three members of the group resigned over concerns around elon musk leadership according to the page on twitter, the page has been deleted now, they were meant to tackle the suicide exploitation on the platform. >>> shares of first solar is joining the s&p next week replacing home security which will move to the s&p midcap 400 index following a business spinoff and rebranding shares of first solar have been on a run in had recent months. up 138% mid-june, brian. >> they got to join the big-boy index. the other is smaller and moved to the peter brady index or jan or jan it's fine. thank you, silvana. >>> we are just getting going on tuesday morning. we will take a short break when we come back, more on the arr

silvana henao is here with those. good morning, silvana. >> good morning to you, frank. federal prosecutors are investigating whether sam bankman-fried manipulated the market in may. the manipulation which led to the collapse and implosion of his firm ftx the investigation is in its early stages and not clear if officials have enough to determine wrongdoing >>> tensions rising at salesforce months before the company announced bret taylor would step down. according to the wall street journal, marc benioff and taylor were at odds including issues with how taylor was splitting time with salesforce and twitter. taylor's exit will mark the second time in three years that benioff has parted ways with a ceo. >>> tech layoffs continue. this time plaid is laying off 20% of the staff ceo detailing the announcement in a message to employees blaming quote macroeconomics conditions and slower than expected growth. frank. >> a lot going on in tech. salesforce is a huge story big world tour in new york city. i'll be there. something to watch silvana, thank you a lot to watch silvana, t

is silvana henao on friday morning. happy friday good morning >> happy friday, frank the u.s. ftc is suing to block microsoft's $69 billion acquisition of activision-blizzard claiming it would stifle competition this would be microsoft's largest acquisition and make it the third biggest gaming company in terms of sales. the deal is being reviewed overseas by the uk comepetition and market authority >>> twitter is introducing a new set of controls to allow companies to prevent ads from appearing above or below tweets containing key words according to reuters, this is a move to woo advertisers back to the platform without fear their messages is referred to offensive commentary. >>> and the u.s. economy is heading to a short recession next year. they expect the federal reserve to hike rates by smaller 50 basis points next week with one more medium size hike next year, frank. >> one of the few times in life short and shallow is good. silvana, thank you see you later on. >>> turning attention back to the markets with the s&p snapping the losing streak investors really gear up for t

> joumanna, thank you very much we appreciate it >>> let's get a check on the top stories with silvana henao good morning, silvana. >> frank, good morning let's start with salesforce. a leadership shakeup the company revealing that bret taylor is stepping down and leaving one person in charge taylor was promoted from president and chief operating of our officer a year ago is start age new company. the company's fourth quarter forecast falling below projections as it expects to take a $900 million hit in sales because of foreign currency effects. speaking to jim cramer on "mad money" they discussed the need to pivot amid changing conditions >> you have to constantly reshape the company. we reshaped part of the company. we will continue to reshape the company. you have to look at everything as the market is changing. every industry has a different charac characteristic some are buying aggressively some are subdued because of what they are going through you want to invest in the industries and products doing well and pull back in the products that are not. that is the ebb and flow of how to dec

silvana henao has the full story. >> seema, good morning markets in hong kong and china closing sharply higher on news that china is relaxing the covid zero calls commuters in beijing and 16 other cities were allowed to board buses without a covid test in the last 48 hours for the first time in months rest depaidents no longer have o provide information for cold and cough medicine chinese technology like tencent and meituan and alibaba surging. and mgm china and wynn macau is up double digits this is all happening one week after the covid control measures spilled into public protests from shanghai to beijing some calling for the resignation of xi jinping. and we hear foxconn is expecting the covid plant, the largest iphone factory in the world, to resume 100% production seema. >> fascinating to see the turn of events there. now to see the cost government responding thank you, silvana. >>> to another developing story this morning the start of what would be a volatile time ahead. more questions about what is going to happen next brian sullivan is in brussels with more on the flurry of hea

i'm silvana henao from cnbc. wall street is set to open higher as investors have earnings from nike, quarterly profits that beat analyst forecasts. the dow, nasdaq and s&p 500 snapping a four-day losing streak. data on existing home sales and earnings from chips maker micron. >>> delta airlines is expected to roll out free wi-fi for passengers early next year. "the wall street journal" reports delta will initially offer free internet on a significant number of planes before turning on the service on more of its fleet throughout 2023. delta has declined to comment but is testing wi-fi with various offerings. later switched to a new service charging a flat $5 fee. >>> shares of tesla fell. the decline coming after wall street analysts downgraded their price targets. analysts are worried the ceo elon musk is distracted and sales in china will be impacted by the surge in covid cases. down almost 30% this month and about 61% this year. i'll send it back to you. >> thanks a lot, silvana. >>> elon musk is setting social

i'm silvana henao from cnbc. wall street is set to open with more losses following yesterday's sell-off and that was sparked by disappointing data on retail sales suggesting inflation is hitting consumers more than expected and is raising concerns consumer spending is slowing, a sign the economy is weakening and a recession is looming next year. the dow dropping more than 760 points, its worst performance since september. the s&p 500 falling 2.5% and the nasdaq more than 3%. all three are on track for a second straight week of losses. american airlines is lifting the bar for travelers to qualify for frequent flier status. starting in march members will need to earn 40,000 loyalty points to reach gold. that's the lowest status tier up from the current 30,000. that level includes perks such as a free checked bag, earlier boarding and access to free upgrades, requirements to reach other status levels will stay the same, airlines made it easier during the pandemic to earn and maintain status in an effort to hold on t

i'm silvana henao from cnbc.ith the dow rising for a second straight day while the s&p 500 slipped fractionally the nasdaq falling nearly 1.5% on declines in mega tech stocks. the index was dragged down by an 11% drop in tesla on reports the company will continue a weeklong production at its factory in shanghai. markets are on track for their worst performance since the financial crisis in 2008 with the nasdaq leading the losses down nearly 34%. now in focus today we'll get data on pending home sales. >>> starbucks is making changes to its reward program. insider.com reports a leaked memo shows it will be harpeder for customers to redeem some free drinks. you will still earn one star for every dollar you spend or two stars on a preloaded card, but free hot coffee, tea or baked goods will now require 100 stars, double the previous amount. iced coffee and iced tea will cost 100 stars. starbucks is following the trend of other chains like chipotle who are making it more expensive to earn rewards. >>> and billionaire

. >>> good morning, i'm silvana henao from cnbc. wall street is set for a mixed open this morning.alling yesterday to extend their recent losses on continued fears the federal reserve could tip the economy into recession by keeping interest rates higher for a longer period. the dow, nasdaq and s&p 500 are on track to end both the month and the year in the red with hopes fading for the traditional year end santa claus rally n. focus today earnings from general mills, fedex and nike. apple reportedly plans to move some macbook production as the company continues to shift its manufacturing outside of china. apple has been working on adding production sites in asia for all its major products, but the macbook has taken longer. apple produces between 20 and 24 million a year. cvs and walgreens are limiting purchases of children's pain and fever medications, facing supply issues and high demand with the country experiencing one of the worst flu seasons in a decade. cvs has a two product limit on those bought in store and online and walgreens is limiting purchases to six over-the-counter p

i'm silvana henao from cnbc. wall street is set to open higher as investors look ahead to new inflation data. the markets closer higher yesterday with the s&p 500 breaking a five-day losing streak while the nasdaq was up more than 1%. despite those gains the dow, nasdaq and s&p are on track to post losses for the week. in focus today the producer price index which tracks the cost of making goods, prices are expected to have risen at a slower pace last month versus october. costco reporting quarterly results that missed analyst forecasts as surging inflation is forcing fewer big ticket items to be purchased. walmart and target have noted a shift in consumer spending as food and gas prices remain high. shoppers are giving more priority to food and other necessities. costco tends to attract higher income shoppers than big box rivals because people need to have enough money to buy in bulk even if prices are lower per item. >>> twitter is rolling out new controls as soon as next week to let companies keep ads appearin

but first, let's check in with silvana henao. >> good morning. wall street is set to open a little higher after the market sold off yesterday. the dow you will taking nearly 500 points while the s&p 500 dropped 1.8% and the nasdaq by nearly 2%. stocks coming under pressure following stronger than expected growth in the services sector last month. it is seen as a gauge of the health of the broader economy. investors are worried that recent economic data could force the federal reserve to hike interest rates for longer than previously thought to bring down inflation. >>> pepsico is reportedly laying off hundreds of workers in the snack and beverage divisions. "wall street journal" says that it will be heavier in the beverage unit based in new york state. the snack decision based in chicago and texas has already trimmed off through ale volunteer retirement program. in a memo know, they say the layoffs are aimed at making their operations more efficient among worsening economic conditions. >>> and microsoft is raising prices for new video games for t

i'm silvana henao from cnbc. wall street is set to open higher kicking off the final trading week of the year. investors are debating whether the traditional santa claus rally will appear and lift a market that's been bogged down by worries about a recession. stocks rising on friday but the s&p 500 and nasdaq still fell for the third week in a row. the dow, nasdaq and s&p are on track for their worst month since september and worst year since 2008. in focus home prices and consumer confidence. >>> restaurants are staffing up again. the industry has erased most of the job losses from the pandemic. the labor department reporting restaurants and bars nearly doubled the number of employees working at pandemic lows in april 2020 adding 62,000 jobs. restaurant owners and workers say several factors including higher pay, better working conditions and fewer opportunities elsewhere. retail sales rose 7.6% during the holiday season as deep discounts lured consumers hunkered for deals. mastercard said that's lower than the

i'm silvana henao from cnbc.higher as the markets are coming off their second straight week of losses for the first time since september. investors are struggling to shake off fears about a recession next year and those fears are mounting after the federal reserve hiked interest rates last week and signaled rates could end up being higher for longer. in focus this week data on housing, consumer confidence, durable goods, inflation and gdp. ftx founder sam bankman-fried is agreeing to coming to the u.s. he has been in custody in the bahamas since the arrest monday. federal prosecutors have charged him with fraud and money laundering alleging he defrauded lenders and violated campaign finance rules. if bankman-fried is extradited, he would be expected to make a court appearance shortly thereafter. >>> and americans aren't feeling all that positive about their financial situation heading into 2023. a new survey from bank rate finds two-thirds say their finances will likely get worse next year citing high inflation a

yo soy silvana henao y este es tu informe cnbc para telemundo. >> la bolsa de valores ha cerrado númerosétodo de pago contrario para después se duplicó en diciembre en comparación con más de 4 meses el valor promedio de las transacciones realizadas durante el (nombre en inglés) disminuyó 5 por ciento indicando que los compradores financiaron productos de menor precio este año en comparación con 2021 >> por medio de un tweet elon musk ha dado a conocer que dará su cargo como director ejecutivo de twitter en cuanto encuentra un sustituto para dicha posición. esto luego de haber realizado una encuesta en dicha plataforma donde 50 y 7 por ciento de cibernautas votaron a favor de que elon musk (inaudible) twitter puntos elon musk dice que seguir al frente de la compañía dirigiendo los equipos de software y servidores >> los hilvanado y este informe cnbc para telemundo >> su tumba que deja mucho de que hablar y a seguir dando de qué hablar hay que recordar que esas encuestas que pueden resultar >> Él decide si lo toma en cuenta no la tomen serio uno por lo pronto parece ser que si vamos a ver

i'm silvana henao from cnbc. wall street is set to open lower as investors await more economic data ahead of the federal reserve policy meeting next week. they're also tracking oil prices which are higher as the european union's ban on russian imports and a price cap on russian oil goes into effect today. the markets are coming off their second straight positive week. in focus today data on factory orders and the services sector. delta airlines has reached a tentative deal with its pilots union on a new contract that would include raises of at least 30% over four years. now it still needs to be approved by union leaders and voted on by members. the pilots voted in october to authorize a strike if a deal wasn't reached. airline unions have complained about grueling schedules as travel demand has rebounded. u.s. airlines are profitable again but a shortage of trained pilots has hurt their recovery. apple and amazon plan to resume advertising on twitter according to a report. elon musk announcing during a conversati

i'm silvana henao from cnbc.l street is set to open lower on this final trading day of what will be the worst year for the market since 2008. stocks rallying yesterday with the dow up 1%. the s&p 500 about 2%. the nasdaq more than 2.5%. but all three indices are lower for the month and are poised to snap a two-month and three-year winning streak. the dow faring the best down 8.5%, the s&p stumbled 19%, and the nasdaq 33%. only one major sector is in the green this year, and that's energy. southwest airlines is promising to reimburse customers for the holiday meltdown that resulted in thousands of flights being canceled. passengers can submit receipts by following instructions on southwest's website. what they'll get back will be up to the airline and those decisions could take weeks. southwest says it's focused on covering reasonable requests for hotel and rental car costs. many americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle starting new year's day. now the credit is part o

i'm silvana henao from cnbc. wall street is set to open higher as investors brace for fresh inflation data and the start of the federal reserve's policy meeting. the consumer price index is expected to show inflation eased slightly in november but still remains high above 7% on an annual rate but that's down from a peak above 9% in june and it would mark the fifth straight month of declines. the inflation data could play a key role in the fed's interest rate decision which is due tomorrow afternoon, and traders are largely pricing in a hike of half a percentage point lower than the previous four hikes. >>> amazon has delayed the start dates for some upcoming college grads who had been set to join the company next may. in an email seen by "the financial times" amazon blames the macroeconomic environment and tells students they won't be able to start working until the end of 2023. amazon is offering a one-time payment of $13,000 to those affected regardless of whether they decide to still join the company. >>> and

i'm silvana henao from cnbc. wall street is set to open slightly higher ahead of the big event of the day. the federal reserve interest rate decision. stocks rising yesterday following a report showing consumer prices cooled more than expected last month. a signal that inflation may have peaked is positive for stocks as it means the fed may be closer to hitting the pause. the fed is widely expected to deliver a smaller half-point rate hike this afternoon following four straight moves of three-quarters of a percent. that's translated to higher borrowing costs for everything from mortgages to business loans. twitter has stopped paying rent on san francisco headquarters and other offices as part of an effort to cut costs following elon musk's $44 billion takeover. "the new york times" reports musk's team is trying to renegotiate the terms of leases and has instructed not paying vendors. >>> more than 158 million consumers are expected to shop on the final saturday before christmas. the national retail federation say

let's get to the top stories with silvana henao good morning, silvana. >> contessa, good morning. it has been a roller coaster ride elon musk tweeting last night asking if he should step down as head of twitter. with 14 million votes cast, results say yes. musk adding he has no successor in mind if he steps down saying no one wants the job who can actually keep twitter alive. >>> china caught in the grip of the covid outbreak one leading to shortages of medical supplies and exposing what some are describing as beijing's lack of preparation following the rollback residents from shanghai to shenzhen reporting pharmacies are sold out of fever medicine and covid tests. photos and videos of lines outside covid clinic and empty streets. >>> and l3 harris is buying aerojet for $4.7 billion this is the last independentmaker of jet propulsion systems after lockheed martin pulled out of the bid after anti-trust regulators sued in january to block it contessa >> thank you, silvana. >>> the major averages posting back-to-back weekly losses for the first time since late september. investors he

. >>> let's get to the top headlines happening on this friday with silvana henao. good morning, silvana. >> good morning, brian let's start with twitter it is suspending accounts of half a dozen journalists all of whom covering the platform and elon musk elon musk says it is because they were reporting the location of his private jet something he felt was a risk to his family safety. the move comes a day after twitter changed rules surrounding accounts that track private jets including one owned by musk. >>> a new wave of covid is sweeping across beijing in the abrupt roll back of the zero covid policies the city reporting visits to the fever clinics is up from a week ago. jpmorgan chase saying the country's rapid reopening could result in a severe near-term down turn as surge in cases could create a health shock that outweighs any boost of economic activity from the relaxed restr restrictions. >>> senate approving the one-week attention averting a partial government shutdown that was scheduled at midnight on saturday it gives lawmakers one more week to necesgotiate

. >>> good morning, i'm silvana henao why cnbc. a split session with the dow rising for a second straight day. the s&p 500 slipped fractionally. the nasdaq falling nearly 1.5% on declines. the index was dragged down by an 11% drop on reports the company will continue a weeklong production halt. the markets are on track for their worst performance since the financial crisis with the nasdaq leading the losses down nearly 34%. in focus today some data on pending home sales. starbucks is making changes to its rewards program. insider.com reports a leaked memo shows it will be harder for customers to redeem some free drinks. you'll still earn one star for every dollar you spend or two stars for every dollar on a preloaded car. free hot coffee, tea or baked goods will require double the stars. down from the current 150. starbucks is following the trend of other quick service chains like chipotle who are making it more expensive toer rewards. >>> shares of tesla dropping yesterday for the seventh straight session falling to the lowest lev

i'm silvana henao from cnbc. wall street is set to open lower on this final trading day of what will be the worst year for the markets since 2008. stocks rallying yesterday with the dow up 1%. the s&p 500, 2%. but all three indices are lower for the month and are poised to snap a two-month and three-year winning streak. the dow faring the best down 3.5%. the s&p tumbled 19% and the nasdaq 33%. only one major sector is in the green this year, and that's energy. many americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle starting new year's day. credit is part of the inflation reduction act, and it's aimed at spurring sales of evs. now it's unclear whether anyone will get the full credit and that's due to a complex set of requirements but it will likely make it temporarily available to people who need income and price limits. >>> google voice will warn you about potential spam calls. google says it's using the same technology it employs for the traditional android phone app f. a labe