. >>> coming up next, vince mcmahon back at wwe and exploring a sale we have who might want to buy it some names hitting all-time highs right now. tjx progressive, and cerllatpiar with the dow down 240. stay with us so cdw helped us deploy mac, supercharged by apple silicon. ♪♪ built-in security protects me from malware and forgotten passwords. i've got enough battery life to get me halfway around the globe. and lower overall costs leave more money in our budget. for more practical furniture? this was supposed to be hip. no. can you help me up? with mac, configured by cdw, a solution that works for everyone isn't just possible, it's powerful. when you stay at a vrbo you always get the whole home not part of it but the whole upstairs the whole downstairs the whole fridge and the whole secret nap room because is it really a vacation home if you have to share a house with a host? ♪ only with vrbo >>> vince mcmahon back at wwe and exploring a sale julia boorstin is with us with a look at potential buyers. >> after retiring last year amid sexual misconduct allegations, vince mcmahon, who i

vince mcmahon is going back to wwe. katrina lake coming back to stitch fix could we see more old places return to their old places as ceo? >>> energy a big winner in 2022. the sector gaining what can energy do for an encore should you look for opportunity, kelly, elsewhere. >> tyler, thanks the markets are seeing a nice jump, but kind of for all the wrong reasons. dow is up by 87, 100 points off the highs. all of this coming after weaker wage growth in the jobs report, very disappointing report and a deeply inverted yield curve. let's get to bob pisani for more at the new york stock exchange bob? >> the important thing is, we're right at the highs for the day 2%, right across the board dow, s&p, nasdaq and what's happening here today is the soft landing crowd is kind of back. the people who think we can have still moderating jobs, still strong, but moderating and wages still okay, up but also moderating wage inflation that is that's the soft landing crowd. and you see that in the growth stuff. remember, it's been a roug

vince mcmahon coming back to the company, up at least 22%.at the options -- [laughter] and this is why people love options. some of these january calls up 3,000%. i mean, golly. so now i've got to ask you because there's a lot of scuttling butt that jeff bezos may be coming back to amazon. i'm looking at, well, if wwe, these options are up, what would be a good option that i would love to be in, understanding it would be very risky, if bezos were to come back in the next month or two? >> well, there's a lot of speculative the paper right now because amazon is both down big, the opposite of wwe. the wwe had a little bit of a break, if you will, in december. but it's been, like, from the lower left to the upper right for the last two years. even when mcmahon stepped away for a while since ther? but -- since the summer. but as far as amazon, people have been willing to speculate, and they've been burned as the stock continued to drop. now, charles, we're seeing people speculate at the 90 strike out in march and april as well as the 100 strike. t

citing a slowdown in the chip demand. >>> and wwe shareses surging w vince mcmahon returning after theshares higher on the 7% increase in december sales. sales sliding 6% in ecommerce. >>> tesla slashing prices in china after deliveries plunged in december. >>> southwest airlines preparing to offer updated fourth quarter earnings after the holiday schedule meltdown. >>> the nfl scrapping the buffalo bills and cincinnati bengals game that was canceled after damar hamlin suffered cardiac arrest doctors say he has made strong improvement. >>> and the jobs report is due out at 8:30 a.m. eastern and we get non-farm payroll numbers and the fed officials speaking with raphael bostic after that, he will speak to cnbc at s10:00 a.m. we will hear from tom barkin and esther george. >>> let's get a check of the markets. we have seen movement in the futures. it remains mixed right now the dow gained a bit of strength in the early trade joining me now is patrick fruzzetti at hightower great to have you on >> good morning, frank >> patrick, we have been talking about it all morning drama in d.c. and

it's been on a tear since vince mcmahon reinstated himself to the board and despite the pullback optionrumble higher brian, what are you looking at >> yeah, i spent most of my day trading volatility when you see option trading volume tick up like it did calls, trade six times average daily volume over the last month and then i see 34,000 july 120 calls trade for $1.25, that's a call that's almost 40% out of the money, 34% out of the money to the up side traders typically don't buy that my experience with takeover kind of rumors, traders won't buy that unless they believe it's going there so i know some of these things were dispelled today but there are still option traders putting real bets out there. i know it's only like less than 400 grand a premium but that's a real shot. that's a heavyweight trying to take a shot to the upside. break even 121 1/4 out to july so there might be some fuel to the fire and some of the rumors that are going on out there. >> that's a huge bet brian, thank you for more options action tune in to the full show friday 5:30 p.m. eastern time. up next, we've go

do you really want vince mcmahon working for you, so to speak so, a lot of -- some doubt out there asome sort of a process, but whether it really would end up with this asset actually being sold. and again, the saudi thing doesn't -- at this point, it doesn't appear to have a lot behind it right now. >> well, i know that when -- >> you would need, by the way, if you were endeavor, you would need -- if you were to do it, one would expect you would want outside help this is all speculation. but we'll keep an eye on those shares you can see they're reversing a bit. again that, tweet had been deleted, i believe, carl, from earlier. >> that's right. >> from some gentleman associated with whererestling ad marketing overall. not that the pif is not gr aggressive the saudis are but let's just take a step back and see. books haven't even gone out yet, if, in fact, they do >> okay. all right. i always know the subscription business is a great business they have a tremendous -- >> they were the earliest to, in many ways, do subscription streaming. >> and i know the people who were involved in it

co-ceo stephanie mcmahon stepping down flouling the re-election of her dad, vince, as the new executivehairman. stephanie returned from a leave of absence back in july to take over as her father retired amid sexual misconduct allegations. that stock is trading higher by about 7%. >>> finally, rivian, several top expectation tissues departing the electric vehicle maker in recent months. confirmed exits coming after the company fell short of its 2,500 production goal last year, due to difficulty getting parts. the stock down, though, up a touch just now. >>> we'll get a check on this morning's other headlines. phillip mena with more. >>> good morning president biden is back in the united states. the president is now defending himself against a in new controversy. mr. biden said he was surprised to learn there were classified documents found at an old office of his meantime the house republicans are wasting no time kicking their agenda into high gear. the chamber voted on establishes a select committee to probe what republicans are calling the rep onization of the federal government so the

vince mcmahon said he was returning to a potential sale of the company. >> wrestling update. >> thiss like a family wrestling update a true family wrestling. the daughter is out, he's in, what does it mean, do they talk to each other? >> of course, the harassment payoff should have been put down as an expense. what kind of accountant do you have. >> that was strange. it benefitted the company. >> you can write that off. >> i'm just saying the family dynamics -- >> i'm just thinking that -- do your kids still think it's real? i don't want to ruin it for anyone. >> it's early. dopet go there. >> i'm not going to say it they are talented, i guess it's all choreographed and everything. >> but they have some big names who have come out. you've got the rock. >> you've got mickey rourke in that movie did you see that movie >> that was a great movie. >> that was a great movie. depressing but great. >> there's supposedly a fabulous movie coming out. >> about wrestling >> with zach -- looks so ripped. >> zac efron. >> he is ripped. that's right i saw a picture of him i try. >> you try >> nothi

you seem to make this point, vince mcmahon will never be able to separate himself from the wwe, so anues to let him run it and be in charge would you tend to agree with that >> i would that's a great note, david i think with the world of professional wrestling and the world of wwe, it's so unique the fan base is very large and very passionate. there's nothing like the wwe i think with the new owners, if there are new owners, and aquierrors that come in, i think they have to share that same passion that vince has for the company and for the world of pro wrestling, which isn't always easy to do as you know with a company like this that's been so incredibly successful over the years, a sale and acquisition can be very complicated. but there's that unique added anchor to this, i believe, that vince feels where you've got to find the right buyer who still has that passion and the love for this very unique world >> yeah. dwayne, whenever we have you on, i followed your career for so many years, i do find myself wondering what your day is like. i ask that with the so many things you're purs

and a report that wwe has been sold to saudi arabia's public investment fund with the idea that vince mcmahon head it up so this is not netflix, comcast, this is the saudis. wwe goes back to being private for the first time since 1999. what network is going to broadcast this? stuart: that's not my point. lauren: what's your point? stuart: this is saudi arabia taking over whole sports. they have liv golf, now they are thinking about getting into wrestling. somebody told me they have the snooker market in britain, it's a form of pool, so they are really expanding into sport, that's saudi arabia. lauren: diversifying their oil economy. todd: and wrestling is a unique ly american sport/form of entertainment whereas golf is really a worldwide phenomenon so it's very interesting they are going to the heart of true america. lauren: it's a report and it could be if this is true that they paid so much more than other potential bidders. they have the money. stuart: they held wrestling events in saudi arabia. lauren: yes. stuart: very successfully as a matter of fact. lauren: some wrestlers boycotted th

w w ii founder vince mcmahon says the move is related to the company's future media rights negotiations. the timing of the sale works in conjunction with ww ii looking to claim new media rights deals, its current tv agreements with fox 4 smackdown and nbc universal for rauh are set to expire in october of 2024. tonight we are remembering the life of lisa marie presley. she died suddenly earlier this week at the age of 54 fans have been flocking to graceland where she will be laid to rest. reporter brian bass has more. >> that's summary. it's been a real shock to everybody in my i think. most pehple in the world. that love love her to the entire entertainment universe is heartbroken this week with the passing of lisa marie presley, the beloved only child of elvis presley. she died on thursday hours after being hospitalized. >> following an apparent cardiac arrest. it was the last living link to the music legend. people talk about especially being the king of rock and roll. and i think >> a lot of people often saw lisa marie as a princess in terms of american music. she's royalty and nobo

i'm going to say but instead the majority of the time he was acting like he was auditioning for vince mcmahon'st painting these broad and accurate strokes cartoonist strokes i could borrow your word about what exactly the republican party is and because one congressman brought up a flat tax which is worthy of debate because we are paying if you flip over the back of your check we get direct deposits now. i think most of us to. no one sees how much is coming out, you are giving up six out of every $10 that you make. a lot of people are saying it get so complicated because these horrible rich people and i'm being sarcastic have a way to work the tax system where they buy assets and sell assets at the right time for the right amount they talk about flat tax which doesn't make them evil but wipes out the irs instead of adding 87,000 more agents to. instead he looks at one congressman says that is the republic and party. >> will: he's saying it's chaos for one congressman to say let's look at reforming our tax structure and reducing impact of the irs. i guess in him in position that of the democrati

vince mcmahon is going back to wwe.ake coming back to stitch fix could we see more old places return to their old places as ceo? >>> energy a big winner in 2022. the sector gaining what can energy do for an encore should you look for opportunity, kelly, elsewhere. >> tyler, thanks the markets are seeing a nice jump, but kind of for all the wrong reasons. dow is up by 87, 100 points off the highs. all of this comingft

w w ii founder vince mcmahon says the move is related to the company's future media rights negotiations. the timing of the sale works in conjunction with ww ii looking to claim new media rights deals, its current tv agreements with fox or smackdown or excuse me with fox for smackdown and nbc universal for all are set to expire in october 2024. >> if you want to live here. i have to write. >> avatar sequel. still number one at the box office for the 5th week in a row. the way of water has brought an impressive 538 million dollars here in the u.s.. and a total of 1.7 billion dollars in ticket sales worldwide since its debut. that makes avatar to the 7th highest grossing film a movie of all time at the worldwide box office 14th, highest grossing film here in the united states. still ahead here on kron, 4 news at 10 now to says they found a new planet closely resembling our own. what we are learning about the discovery. >> plus, a staggering new number of u f o sightings have been reported in the past 2 years. how intelligence agencies are responding to those. and next in sports, highlights

wwe executive chairman vince mcmahon has paid millions of dollars to settle a rape accusation from a. that according to "the wall street journal." the news comes as mcmahon is pursuing a potential multibillion dollar sale of the company. >>> and the agriculture department is strengthening rules on what what foods can be labelled organic the new guidelines are meant to raise consumer confidence in organic foods. it's one of the biggest changes to oversized organic food industry in decades. a lot of us look for organic you kind of hope that they're really telling the truth, right? >> it's a lot of trust, isn't it >> yeah. >> thank you >> ahead on "power lunch," hard to grin and bear it. amazon closing the doors on its charity business amazon smile users are not happy. it could reveal issues with amazon's broader business. we'll get into that when we come back power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power

wrestling entertainment stock spiking after it confirmed the former ceo and majority shareholder vince mcmahon the company's board. the entertainment company also said it intends to undertake a review of its strategic alternatives with a goal to maximize shareholder value. mcmahon also saying he's going to bring back michelle wilson and george barrios, the stock up 18%. >>> costco also higher after wholesale retailer reported solid sales numbers for december. costco reporting necessary sale -- net sales of $23.8 billion in december, an increase of 7% year-over-year. the stock up more than 7%. >>> bed bath & beyond continues its selloff after sharp losses yesterday. management saying the company is low on cash and considering bankruptcy. one bank dropping its price target from $2 down to 10 cents citing the concern of bankruptcy and weak fundamentals, down another 23% today. >>> tesla shares gaining after hitting a fresh 2-year low after it cut prices in china for the second time in less than three months. that's fueling forecasts of a wider price war amid weaker demand in the world's largest a

i take it, susan, this is about the possible comeback for vince mcmahon? susan: that's right. being ousted last year over a sexual misconduct scandal. so he's the largest shareholder, he can bring himself back, and he did along with two loyalists he's put on the board, and the main objective is to sell the company to the highest bidder since wwe styles itself as a content media conglomerate and really not just a sports company. this is being called a succession type of move. you've watched the show, right, on hbo max because right now big man's daughter currently runs the company, so he surprised everybody, including her, bringing himself back. the stock is up 46% over past year. stuart: he's the executive chair. susan: he can do whatever he wants. it's your show, you can do whatever you want. by the way, i wanted to ask you quickly about the jobs numbers. i saw you on "fox & friends." do you think it was pretty much a goldilocks report? a lot of people are saying it i. stuart: it satisfied a lot of sectors. wage growth came back, that would satisfy the fed. they're happy abou

the one that vince mcmahon had experienced last year, which was the catalyst to him stepping down. and then there's also the concern about the women's wrestling division. why women have, in a lot of ways carried the content over the last few years. ever since they were being given a, almost equal billing with the mail wrestlers. does that take a step back? so there are, from a content standpoint, there are lots of concerns that fans would have about what direction i saw a control w e would take. meanwhile, ranaldo now nasa have denied that there is a clause in his contract which commits him to helping sally arabia bid for the world cup countries reportedly considering a show at hosting in 2030. but that's the se rinaldo main focus is on the club, working with his teammates to teach success the 23rd to work up host or hostess, set to be confirmed app fee for congress in 2024. saudi arabia is also hosting the dat car rally in former 9 time. well champion, sebastian love won his 3rd stage in a row on wednesday. move the frenchman up to 3rd overall in the car category, but there's no c

an interim way could be terrific for shareholders finally last thursday night we learned that vince mcmahon the former ceo of world wrestling entertainment, who's owned a controlling stake in the business since the early '80s, would be returning to the company and possibly pursuing a sale of the business this one raises eyebrows because mcmahon technically retired last summer after some serious sexual misconduct allegations but he never really left he's the owner and shares most of the voting power. he brought in his daughter to run the show but two days ago wwe confirmed he's cup v coming back and mcmahon took the executive chairman spot with the ceo title going to nick kahn who had been serving as co-ceo alongside mcmahon's daughter we heard a lot of speculation about who might be willing to buy this one although my "squawk on the street" compadre david faber -- be i don't want to go near the thing and not because the stock's up 24% since the news broke but i see it happening so we've got sfwaurkz, disney, stitch fix, wwe. hey, i'm calling it a trend. here's the bottom line if a difficult

w. ease of former boss of vince mcmahon returned to begin a sales process. he since been elected executive chairman of the board daphne's door to stephanie resigned as chairwoman and co, c. o is no official comment from a w w yet, but if true, this would be the latest major move that saudi arabia has made in global sports, trying to look at either 11 of the top football teams, our nasa board, christiana, rinaldo. they took over newcastle, united in 2021 with the club currently sitting 3rd in the premier league in motor sports. saudi began the holding of formula. one race is last season, part of a multi year deal. the dak valley is currently taking place that too, and has been it since 2020 saudi has held some of the world's biggest boxing fights, including the match between alexander sick and anthony joshua. the country has also backs the live golf series at which for several top names. but phil mickelson defect from the more established p jaytal creating a major rift in the game. while back to you and i was, i went on last has the night as a clause in his c

e form of all vince mcmahon returned to begin a sales process. you since been elected executive chairman of board officer daughter, stephanie resigned as chairman and co c o. as no official comment from w w. yes, boss, if tree, this would be the latest major move that saudi arabia has made in global sport. earlier this month, one of the top football teams, our nasa board, christiano and all day they took the new coffee and i sit in 2021 with the club currently sitting in the premier league. it may just bolt saudi began holding formula one racing last season. part of a multi year deal that i call rally is currently taking place that to and has been, has been since 2020 saudi is. how did some of the was the biggest boxing fights, including the rematch between alexander, you think? and anthony joshua the country has also back to the live golf series, which is full, several top names like phil mickelson defect from the more established pga tool creating a major rift in the game. while back to you and out, i would love to have the night as a close in

. >>> shares of wwe jumping after former ceo vince mcmahon returned to the company and said he supports launching review of alternatives mcmahon has majority voting power of the wwe stock he told the company he is electing himself and two former directors to the board and intends to become executive chairman he stepped down in july of 2022 following disclosures by the wall street journal of payouts to women who alleged misconduct and infidelity the investigation was concluded in november and disbanded. the company said the payments made personally were booked as expenses because they benefitted the company. >>> tesla now making the steepest price cut so far on the model 3 and model y cars in china after deliveries plunged in december. pr prices for the two models at the shanghai factory will be reduced by 6% to 13% model 3 starts at $32,000. it is 30% cheaper than the same car price in the u.s that move coming amid stepped up competition in china byd rival delivered 911,000 cars last year. three times that of 2021 >>> coming up, we have more coming up on "squawk box" this morning. count