and they can't understand why texas instruments is content to remain the best house in an inconsistents doesn't really care what the analysts want. this company sees them as nothing but armchair quarterbacks who don't know squat about the semiconductor business. who's right? look, if texas instruments were a private company, the answer would be easy. management's right. go bother someone else. they wouldn't even have to do a conference call. privately held businesses are only accountable to themselves. but texas instruments is a public company, and a public company's job is to make money for its shareholders. and they're the owners. i'd argue that texas instruments isn't serving those shareholders well at the moment. if it wants to persist like this, management should just find a financier and take the company private. i prefer the way that sanjay mehrotra runs micron, another semiconductor company. for as long as micron has been around, it's been stuck with the rap of being a commodity semiconductor play, making nonproprietary chips that are as good as everybody else's nonproprietary

peter: there are different concerns around texas instruments. they play a bit more into the auto market. you could have tariffs impact some of those end markets. it is not clear how that is going to spend. also trump has been talking about rolling back subsidies for ev's, which take a lot of these chips too. there is some softness and more traditional sizes of the chip markets that may be impacting texas instruments and overall raising concerns about whether some of these evaluations have gotten ahead of themselves from ai into some of these other areas. caroline: peter elstrom marrying the tech with the politics. we thank you so much. let's stay on that politics element, because we are about to speak with michelle geithner of the krach institute for tech diplomacy on how ai is really the tug-of-war between china and the u.s.. we see live pictures of president trump, of course currently traveling to discuss some of the damage that has been caused by natural disasters of late, but we will be listening to his route to north carolina. stick with us

going to go back to texas instruments. those shares there under pressure after the chip maker signaled ongoing challenges in its auto and industrials markets which account for just about 70% of revenue. you can see the stock again down just about 5%. the company's ceo has said they have not seen a bottom, at least not yet. they also warned that gross profit margin will decrease a few hundred basis points in the months ahead. it's very important to note management did not mention artificial intelligence even once during the earnings call. taking a look at other chip makers. they're falling in sympathy. this morning again texas instruments shares down about 5%. analog devices down more than 1% on semiconductor down over 1.5%. similar story for nxp semiconductor. all right. we showed it to you before shares of csx. they're also lower. the rail giant missing top line estimates for its most recent quarter hit hard by falling coal and fuel sales. its ceo also noting a pair of hurricanes impacted traffic to and from florida. csx

plus, we dig in on earnings from texas instruments. industrial giants like. ge saw two decade plus highs and. >> the fight. >> against norovirus. the pharma companies rushing to find a vaccine amid the surge in the scourge. i'm melissa lee coming to you live from studio b at the nasdaq. >> on the desk tonight. >> tim seymour, karen finerman, dan nathan and guy adami. we start off with president trump doubling down on his call for lower interest rates, following up a fiery keynote speech at davos. >> with. >> a flurry of new comments just a short time ago in the oval office, trump started the day telling the davos group that he will demand interest rates drop immediately. then this afternoon, he added that he expects the fed to listen to him, and added that he knows more about interest rates than fed chair jerome powell himself. this all coming ahead of next week's fed meeting, where markets are still overwhelmingly betting the central bank will not make a move. our eamon javers has more from washington on this. eamon. >> hey there melissa. >> i guess you coul

we have earnings to deal with texas instruments.ch out for. >> yeah i'm saying it's. >> it's. >> like a reliable workhorse in your investment stable. it's chips are everywhere from the old calculator. >> in. >> your desk drawer to the smart. fridge keeping your groceries cool. and that's why it's seen as a bellwether for non-ai cyclical plays. wells fargo noting some industry headwinds in the industrial sector, but also spotting a silver. lining in china's auto market. >> thanks in part to some fresh. >> government stimulus. texas instruments is over 70% exposed to auto and industrial markets. the big question, though, with earnings gross margins, the street wants 57% dip below that and investors might get a little bit jittery. jefferies actually ran a buy side poll asking when analog. >> semis start. >> or when. analog semis should start to outperform the stocks. net net investors expect. our expectations are for the. second half of 2025, meaning that bottom may not be here just yet. >> all right. we'll see you with those numbers.

i think the texas instruments is very forthcoming. basically saying, look, our markets aren't that good and they can't outrun their own markets. i'm looking. >> at some research from. >> stacy rasgon that at bernstein, who's kind of the ax. >> in a lot of these stocks, thinks. >> numbers remain way too high. his new. >> model has the company. >> doing about $5 in. eps in 2025. >> if you want to back. >> into a multiple. >> that's still pretty high. and that's why i frankly, while i love the fact that there's straight forward that they're not doing well in embedded, they're saying, listen, we're missing, we're missing, we're missing. people are just saying, enough already. start making. and yet if you were talking, you know, let's say we went to liam griffin at skype solutions saying, listen, i can't outrun cell phones. not everybody sells into the data center. not everyone sells in the data center, and everybody seems to want nothing. but we're in the selling to the hot markets. texas instruments doesn't play that. nobody can hear you

the worst performer in the index right now is texas instruments. if you're an investor, you've lost 7.5% of your money today. the market simply did not like the earnings. but the top stock today in the entire index. nextera energy. yes, it did miss. on expectations for revenue, but it said it should earn close to what is expected for the year or more, and added it may restart a shuttered nuclear plant in iowa. oh, and by the way, nextera energy ceo john ketcham, he is your exclusive guest right after this, a rare interview tv interview. we're back. >> in a world of uncertainty and disruption. how will your investments stay resilient? we've been navigating change for 125 years, always looking forward, anticipating risks, and trusted to manage over $1 trillion in assets worldwide. solving for the needs of investors today and tomorrow. that's the power of nuveen. >> is cialis daily. >> better than viagra? does it last longer. than viagra? >> our sample. >> packs available. >> get started with a 30 day sample. >> pack. generics now. >> only. >> $1 per

but texas instruments is off 7%. it's down about $14. this is on the heels of better than expected earnings and profits revenues. everything is good. but the forecast came into question a little bit. it fell below some analysts expectations. and the reason why much of that is due to automotive end market weakness in places like europe, the us and japan. that's the reason why analog chip companies alongside texas instruments are also lower. and kelly. some traders and investors do look towards companies like texas instruments as a general economic bellwether globally, because those analog chips are used in everything from cars to washing machines to guided missile systems. so keep an eye on txn. i'll send things back over. >> to. >> the doctor. copper indicator. >> i like. >> the way that one's. >> going, dom. >> thanks. >> president trump wants the. >> federal reserve to lower interest rates immediately. >> many experts disagree. ken rogoff saying a hike. >> is as. >> likely as a cut now. >> but. >> my next guest disagrees with that. >>

we have texas instruments reporting later tonight to set the tone for the chip sector as well. when you look at the bond market, bonds are down at the long end of the curve pushing up yields. the 10-year up almost four basis points the dollar-yen and this is what i am watching carefully because the boj does need to make the consensus and that is widely accepted and agreed upon and priced in that they will hike by 25 basis points. now let us look at oil prices because in his remarks to the audience, president trump said he will ask saudi arabia and other opec nations to lower oil prices. he sees that action reducing inflation and would pressure russia to end the war in ukraine. the wti losing about .9% at 74 or $76 a barrel. let us look at mid-day movers in the u.s.. first up is american airlines tumbling after forecasting a loss to start the year. a huge contrast with delta and united. america expects an adjusted loss of $.40 off a share -- even though they broke -- they put a strong quarter on last semester. general electric moving in the opposite direction climbing to a recor

slash 30. >> texas instruments shares are falling.eat estimates of $1.21. revenue also beat in the midpoint of the current quarter. guidance is slightly above consensus estimates, but earnings guidance came in a bit below estimates. beyond that, texas instruments, of course, sells the basic chips that go into products in nearly every sector of the economy. a lot of industrial and auto applications executives on the earnings call said they continue to see weakness in auto in europe, japan and the us. texas instruments is the first major chip company to report results for its december quarter. you see the shares down 4.5%. obviously over the last couple of years lagged the broader semiconductor group, which has been driven by ai. >> yeah, absolutely. speaking of ai coming up, softbank's masa son attended the white house announcement of a massive ai infrastructure investment. this week, we're going to talk to the author of a new book about masa son next, about the man, the company, the controversy this week stirred up by elon musk on x s

the philadelphia semiconductor index down by more than one present after texas instruments gave a disappointing forecast saying industrial demand remains slow. lower yields. treasuries hire. the two year yield coming down about three basis points to 4.25%. up the dollar weaker versus all 16 major currencies. we dig into that later. the yen's farmer. in the bank of japan hiked rates for the second time this cycle. the policy rate in japan is at the highest since 2008. before the currency conversation let's highlight a couple individual equity movers. we go to natalia. natalia: we are watching shares of meta up slightly below 2%. mark zuckerberg announced plans to spend $65 billion on ai in 2025. analysts expect the company will spend slightly above $51 billion. the company reports earnings on january 29 so all eyes on that as well. the verizon stock is rising as the company posted better than expected results. we see growth across mobile phone subscribers as well as broadband customers. analysts are optimistic about free cash flow growth and finally novo nordisk, at that company is soaring today

meanwhile, semiconductor company texas instruments had its worst day since march 2024. it sank more than 7% today. well, vegas continues to draw big events to - i had health insurance before. (discouraged) so expensive. i mean, i'm helping my mom out, i don't have that kinda cash. - ugh, i know. but you can get financial help now through covered california. it's totally affordable. you'd be surprised. they've got this calculator thing that shows how much you'll pay. - for real? - yeah! what are you doing not having health insurance, man? - hey, i know, i know... - here, let me show you... - we all have questions. covered california has answers and can find a health plan that's right for you. covered california. this way to health insurance. to do in las vegas, and now the city will have yet another attraction. the college football national championship. the college football playoffs announced today the 2027 championship game will be played at allegiant stadium. that is the home of the las vegas raiders. allegiant stadium also hosted last year's super bowl between the ni

industrial and automotive segment sprayed we have had in my mind favorable outlook, microchip and texas instrumentsking that recovery look more questionable. tom: the capex spend from tsmc could provide support for asml and its lithography machines. thank you, maggie, for a fantastic set up for the earnings story for europe this week. four weeks before germany's snap election. the political temperature is rising. 10's of thousands of people marched in german cities over the weekend in protest against the far right afd party. elon musk has been a vocal supporter of the afd made a surprise virtual appearance at the party's launch on saturday. let's get the details with oliver crook who is in berlin for us. what did musk say at the rally? his support has been there for the afd. now he appears at the rally virtually. is it changing the momentum for this far-right grouping? >> it is an interesting question whether it is changing momentum. interesting that he is waiting in at all. this took everybody from surprise in december when he began to wade into german politics but this has been his consistent ral

over time and that's going to be ground zero in your trip in the chip sector, nvidia, broadcom, texas instrumentsy enough, if you look down all the tech stocks that you typically look at, apple is decidedly sitting this one out and i think what you're going to see over the week is a stratificatio no, whn where thep seek development will create some larger opportunities for companies that no longer have to spend a fortune on data centers and chips and things like that and i think you'll see those companies actually rebound pretty quickly but i think if you are a little bit over your skis in the chip sector, you're going to have a really rough week. it's not going to change. so more to come on that. maria: i mean, liz peek, jump in here, because all of the conversations over the weekend and certainly in davos this week was about -- well, two things, a.i. and about president trump and new leadership in america but i want to you to react to what sarah fr fry arrest told m, -- friar told me, the cfo of open a.i. the issue this morning is the chinese startup, deep seek and the latest a.i. model is outp

we have texas instruments reportig

. >>> all right, take a look at shares of texas instruments.sliding after forecasting first quarter profits that were lower than analyst expectations. the chip maker attributing the miss to sluggish demand and higher costs. truist cutting the price target to $195 from 199. my sue hoe cutting if from 200 to 190. novo nordisk, look at this stock, you guys. they're reporting positive results from the new obesity drug. early stage trials showing weight loss of up to to 22 president matches the number of zepbound which is made by rival eli lilly. >>> intuitive surgical slipping in spite of its upbeat fourth quarter report, issuing lackluster gross margin guidance for 2025. still, citigroup raising its price target from 640 up to 711. deutsche bank upping theirs from about 505 to 585. and one of the big stories of the day, meta's ceo, mark zuckerberg, saying his platform wills invest as much as $65 billion this yearal to expand the a.i. infrastructure. the investment will include building a 2-gigawatt data center and ramping up hiring for a.i. positi

airlines with american, csx after the bell and texas instruments, speaking of semiconductors and the tech trade. >> that piece paints a picture of how globally interconnected everything is, even if globalization isn't so much a thing as it used to be. >> know tariffs and anything president trump has been saying about them has been moving the market. that does it for "overtime." >> "fast money" starts now. >>> live from the nasdaq market site in the heart of new york city's times square, this is "fast money." here's what's on tap tonight. all-time highs. the s&p hitting a record for the first time this year. and most of the mag seven seeing big gains. but will words of caution from the likes of jamie dimon and even e wlon lon musk put a damp the euphoria? >>> plus, streaming gains. will the rising tide left all over media boats? we'll talk to longtime industry exec tom rogers to get some answers. >>> and later, the chart master's warning after apple's pull-back. and two health care names moving in starkly different directions. we've got the trades on j&j and moderna. i'm melissa lee,

texas instruments ceo warning on the earnings call last night that they, quote, haven't seen the bottomore auto and industrial chip markets. other issues weighing on the semiconductor maker, gross margin pressures, lower qanon earnings per share guide and increasing inventory shares down 7% scott. >> all right. thank you very much. that's christina partsinevelos still ahead. novo nordisk shares are jumping in today. we'll explain why in the markets next. >> hey. >> thinking about retirement. would you like to have retirement income that you can count on for the rest of your life? how about up to 33% more income? call this number to get this free book annuity do's and don'ts for baby boomers. this book is filled with valuable information uncovering little known secrets to help you maximize your income in retirement and its free retirement income. you can count on starts by calling for this free book. as a bonus, we'll also rush this annuity rate report. also, absolutely free annuity national researched numerous products and summarize the rates and benefits of annuities from foremost insu

texas instruments.u don't have this you get sauce for the ai chips that you can really squeeze the margin on, that is the story in texas. what you have is going to be a bumpy road in the first quarter. way below the estimates of $1.17. you had nine straight quarters of the sales dropping on these big industrial chips. therein lies perhaps a red flag to the overall momentum in the economy. 20% of their revenue is industrial and vehicle chips. you need high revenue chips to deliver. novo nordisk, it comes to glp-1's they have a new drug and it is doing well. it is experimental. take the high-dose, you lose 22% white in the six weeks. if you take the placebo, of course i was joking that i get the placebo, you gain 2% over the same period of time. this is reinvigorating the head-to-head challenge with eli lilly and southbound. it is about doing that mode in glp-1's. never mind the mode in chips. henry, good morning. annmarie: thank you so much. looking ahead to next week the fed's first rate decision of the

union pacific csx, texas instruments and american airlines. ceo of american will be on with our phil lebeau exclusively at 7:30 a.m. eastern time. also another exclusive with the ceo of alaska air at 1:15 p.m. all right. that's going to do it for worldwide exchange. have a great day. squawk box starts right now. >> good morning. chip stocks trading lower weighing on the nasdaq futures. we're going to show you what is. >> moving straight ahead. >> plus the growing divide. >> between elon musk and. sam altman. the big tech ceos. >> battling on x. >> we'll bring. >> you the details. and a. >> lot of it comes out of our conversation here in davos. >> and then new this. >> morning the uk's competition watchdog launching an investigation into apple and google's mobile ecosystem. it is thursday january 23rd, 2025. and squawk box begins. >> right now. >> good morning. >> everyone. >> and welcome to. squawk box right here on cnbc. >> i'm becky quick. >> i am. >> live from the nasdaq market site in times square. joe is off today and andrew is live from

how about the fact that they filed -- they think texas instruments -- fine. you wrecked every industry in our country and suddenly say, wait a second, you guys are dumping and you have the commerce department subsidize -- our industry -- one of the reasons why i think president-elect trump was elected was because the chinese dumped everything of what we used to make. i mean, my father sold gift wrap, they wiped out the gift crap companies so my father started working for the chinese. >> manufacturing problems in the heartland, 100%. >> we all should be cognizant that the chinese are not our friends but they are trying. i think it's smart to try. >> there was a call this morning, chinese state media confirming that xi and trump spoke, first time since 2021. >> that was a big issue the first time. >> no further details. >> look, i think that taiwan is a hot button because president-elect trump has said why doesn't taiwan pay more for its defense. i get that. that's kind of the nato consistent, right, consistent with nato. >> sure. that's been the whole thing. >

. >> so last year at this time you had top picks like amazon, meta, texas instruments.r top pick, you have five top picks but the first one you listed was cash. when is the last time you did that? >> the last time i picked cash was in 2022 and the market ended up going down 19%. yeah. we will see how this year turns out, but i think especially to start the year you're going to get a 4% yield in money market funds if you have cash. i don't think that's a bad place to be. now, if you go through the rest of the picks, there are individual stocks that i hope can get through even if the market goes down 10% to 20% this year which i think is possible. i think the upside is up 10%, but i look at cisco where we think you're going to have the last two years you've had ai spend to build out that infrastructure, i think this year you're going to have companies wanting to get to that data, move that data around, network that data. ad tran is helping companies bring fiber to the home on the telecom side. british telecom, deutsch tell come in europe is doing that. in the u.s. you hav

and again, you're seeing this white pickup truck with texas plates that was instrumental to the attack. hallie. and ken, as we know, president biden has been briefed. the attorney general, merrick garland, has been briefed on this. you talk about the fbi investigating this as an act of terror here. explain why that is more than simply a semantic distinction, why that's critical moving forward. yeah. well, and, you know, you knew that it was a huge deal when you saw the fbi in the initial news conference of the day, stand up and say, we're taking control of this investigation. and the local police chief and the mayor essentially said, we're handing this off to the fbi. they would only do that if they had evidence that this was more than just a local matter, a personal grievance. obviously, they knew it was intentional right away, but there's something that they saw that made them think that this was potentially terrorism. that doesn't necessarily mean an overseas connection. it doesn't mean isis inspired. although we have seen isis inspired vehicle attacks in germany and in new york cit

the drill is called the stir and it was made at texas tech and lister stands for lunar instrumentationsurface thermal exploria exploration with much easier to say now over the next couple of weeks, lister will be busy collecting data and helping nasa send more astronauts to the moon and then eventually to mars about. >> preparing ourselves for for a longer term view presidents on the in longer stretch goals as well we're going our sunday. and so we've got you know, using the man is a bit of a test bed to to learn how to get to mars and stay there. >> the rocket. just launched last week and it's a 7 week journey to the moon. so they're gonna have to wait a little bit, get some data back from lister. and just like snow on the beach. still ahead, taylor swift fans of texas and go live out there. >> why from dreams of the song's lyrics as the snow in the south continues to pile up. >> for fun, very rare winter storm is moving over parts of the gulf coast right now. it is lead to blizzard warnings for coastal communities along the louisiana texas border in galveston, the sandy beach here co

texas will be coming down in the northeast, particularly in most sky, the clinic, elated by those in power rolling. this selection is unique and we've seen anything like that before. and no pressure, they were instrumental in helping the president when the election, driven by so interested play is fast put their after non profits for people susceptible to government control. this type again, and it's designed to inflame and defense the way that the story is being told. it's not right. and it's not accurate from social networks to legacy media. the listening post exposes the forces behind the headlight on out just in the humanitarian crisis and 11 and calls for immediate and sustained action. okay, foundations, less than an emergency response serves as a vital lifeline for many in desperate need. your donations can play a crucial role in alleviating suffering, promoting community wellbeing and contributing to the recovery join. okay, foundation in its mission to support 11 and during this critical time. full now or visit. okay. adult tool. the the beginning of watching officer has remind you about top stories. this hour. thousands of palestinians are returning home with a safe spot in garza into it. seco

firefly aerospace, based in texas, is sending its lunar lander lunar landers to collect information with nasa instruments, and the japanese based ispace is sending a lander in its second attempt to reach the moon. the lander is set to carry out several experiments. >> all right. 518 is the time. clear skies to see that beautiful moon over the past few days. i think that's going to continue. yes. >> the clear. there's nothing to obscure it, that's for sure. we do have another round of cold lows for you. pass me a cold one here this morning, because there's a lot of 30s. olema valley, petaluma, san martin, walnut creek, felton, saratoga, woodside and danville, all between 32 and 34. we had a few upper 20s yesterday. haven't seen that yet. doesn't mean it won't happen. we still have another hour or two before we can bottom out on these lows, but it's cold enough. no frost advisory though. yeah, i don't make the call, but there is nothing for us. it's still an offshore direction. there you go, east or northeast, and that's probably not going to change anytime soon. so cold mornings 33 santa rosa. now napa ai