we'll have wharton professor join us. we'll kick off with a check of u.s.tock futures with a big selloff, with s & p 500 closing lower. take a look at futures in the green across the board. all three indexes up a quarter of a percent, give or take. we'll get a check on the biggest gainers. take a look. micron, shares up about 2%. nvidia up almost 2%. we'll talk more about this stock in the comments, autodesk, rounding out the top five. >> rising after yesterday's hotter than expected services read, and indications that companies are preparing for tariffs. you see the tail end of this chart. right now, the benchmark sitting at .67. highest level since back in april. also, the 30 year, the long bond hitting a high that we haven't seen in just about one year. at the same time, a steepening of the yield curve. would be a positive for the market overall, in particular, financials. a positive for the market overall. right now at 38, 39 basis points. yesterday, we did see financials trade higher for most of the day, but they did close lower. we also want to look a

we'll ask the wharton school's jeremy siegel where stocks are likely to head in the weeks ahead. the russell leading the declines, financials getting hit as well. there is the russell down more than 2% today. tech not far behind either. several megacap stocks are seeing see ing big losses today. cold water, more of it, on the iphone upgrade cycle. that's the talk of the tape. for that stock, hit with a big downgrade this week, now these appreciate concerns. let's bring in our tech reporter steve kovach who is here with more. when this particular analyst speaks, you listen. >> i always listen. and this is, scott, this is a dreary note from that analyst. he's over at tf international securities, what i consider the best analyst out there covering apple. he often predicts what apple is going to do months or years before apple does it. here's what he's saying about iphone. iphone shipments, he says, are expected to decline 6% for the first half of this year, even with the expected launch of the new entry level iphone se, the cheaper iphone that apple puts out every few years or so. i

i mean, it sounds good, but it was the 1st time it was old wharton was nipple or was it that a lot of them? yeah, well you'll just not there's some producers that probably only go so you originally . yeah. well thought of the old service, the realtor quin just there and that stays at the windows and learn a new way to do so. uh, but in these closely designed to come, by the way, is really is addition to the store has a lot of man, i thought was additional software, even though the, you know, to a slow and dialogue. now, they don't see you michelle doesn't mean that lucian last week get permission on the somebody to cover the supply. they have a phone number that a lot of money for you can check out the most poignant story just letting more in the so the 1st thing and now we're getting into the dice the what is just so you have something in the sea. so thing it ok when i was born, assuming that what comes up to the homework team in front of me, this blankenburg is off from like the suckers time for me like worst i can just so it looks like the children uh might see. is this my but most

we'll ask the wharton school's jeremy siegel where stocks are likely to head in the weeks

joining me for more is zeke hernandez, an associate professor the wharton school and author of the truthccessful societies welcome newcomers and stewart stevens, at the lincoln project, author of the conspiracy to end america, five ways my old party is driving democracy to autocracy. zeke, i had a great conversation with you earlier this week, and i heard a great conversation you had with nicolle about this. i wanted to get you in the same room to talk about it. now, zeke, the h 1-b program, like every government policy is imperfect. you argued that it is remarkably helpful to american growth. it's got critics. one of the criticism is that it suppresses wages. talk to me about the h 1 b program a little bit. >> look, the bottom line is that the program is one of the main avenues by which we get access to the world's best and brightest. these are people who bring at least five crucial economic benefits, they bring innovation, investment, they bring talent, they bring consumption and they also pay taxes. i don't know of anybody who doesn't want those benefits. so talking about ending or el

ben keyes is a professor of real estate and finance at the university of pennsylvania's wharton school. he has done extensive research on how climate risks are impacting insurance costs in america and he joins me now. ben, i want to put up this chart. you and i were texting last night after the show. shout out to our nba group thread, and you sent me this chart which blew my mind, which is just a pie chart of the worst california fires -- again, only through 2021, okay? and if you leave it up on screen there you see that narrow slice, 1932 through 1999, than 2000 to 2009 and 2010 to 2019 point than just 2020 and 2021, which is more than half of the chart. that chart would look very different now because we've got 22 and 23 and 24. so let's just start with this basic causal relationship between climate change and wildfires. >> thanks for having me, chris. first, my thoughts and condolences are with everyone in los angeles that's dealing with these fires. as you look at that chart and you think about what's changed over a short period of time, it's not where people live. we think about t

thank you, john wharton's to replace decades-old tracks between walnut creek and concord to make sure they have reliable service. >> as a result, there's gonna be no train service between walnut creek and concord, january, 18th and 19th on your screen. you can see a map of that area impacted. they're gonna make sure free buses going provide between the stations. riders can expect the 20 to 30nd delay. some trains are going to be canceled saturday morning. if you take a look at your screen, you can see those changes that have been made to the saturday schedule. that includes canceling the for southbound trains coming from concord saturday and sunday night. the last pittsburgh they train will be closed and say with antioch riders have to take an earlier train. and on sunday morning, the first southbound train from concord is going to cancel. there are going to be more trains at sandwiches on a creek and there will be buses to connect the station's ippacted. its announcement of the state of the vote by the president of the senate shall be deemed a sufficient declaration. >> of the person

so next week, wharton avenue would be the one where they begin to toe possibly those rv's were told by the city that once those rv's are removed, they'll come with street sweepers and clean up the area. we're now back to you. all right. thanks a lot. >> 709, is the time you want to take in a santa clara county, too, where they're looking for volunteers to help count the number of homeless people. they're doing a 2025 count to assess the situation. it's happening and through january. 26 12, 22nd and 23rd. the volunteers are going to go out and survey those experiencing homelessness. ask for demographic information and get more about their living situation. and this is in order to assess the problem in the county. and if you go to the county's website, if you'd like to volunteer, you can find out how right there. >> in the south bay, santa clara county jail has reached a 20 year high in terms of inmate deaths. they. recorded that in 2024. now, according to the california department of justice, 10 people died while in custody of the sheriff's office last year. this is out of the elmwood c

our first chance to talk to wharton's jeremy siegel about a potential pause for the bulls.raight ahead. >>> later this hour, former fda commissioner, i talk to scott gottlieb on everything from the bird flu to weight loss drugs. i'm worried about the poor birds. "squawk box" is coming right back. your loved ones are getting older, and they need your support. care.com is here to help. it's an easy way to find background-checked senior caregivers in your area. and some piece of mind. see why millions of families have trusted care. go to care.com now let's say you're deep in a show see or a game or the game.es have trusted care. on a train, at home, at work. okay, maybe not at work. point is at xfinity. we're constantly engineering new ways to get the entertainment you love to you faster and easier than ever. that's what i do. is that love island? >>> let's take a closer look at the markets, jeremy siegel, wharton school, professor emeritus, and wisdom tree chief economist. for about a month, maybe a little bit longer, the market has seemed to be a little bit more tentative th

coming from this and we have alan, president of the wharton club of washington, d.c. we have christine, television host of the next word on channel 16. and a member of the national press club headliners committee organized today's event. we have andrea stone, ceo of dynamic pro. we have kevin lindsay, retired u.s. navy captain and executive director of first global. he also helped organize today's event. thank you both. with senior business reporter at the epic times. skipping over speaker for just a moment we have betsy martin executive in residence at american university and cochair of the national press club headliners team. thank you all for being here today. [applause] i would also like to acknowledge additional members of the headliners team responsible for organizing today's event. lisa matthews, laurie russo, danny selig, bill lord and the press club staff specifically lindsay underwood, laura coker and executive director bill mccarron. thank you. linda mcmahon serves as the 25th administrator of the u.s. small business administration. she advocates on behalf

i was practicing a law firm, paul weiss, rifkind wharton garrison, receiving what, i thought was a tremendous education in in the art and science of the law, but decided that i wanted to use that training to hopefully represent several communities in central in the legislature. so i'd make a decision. a young lawyer to challenge this 20 year incumbent. at the time had no name recognition, no prior political involvement, no money in the bank and the first thing i decide to do is to go a long time political leader and the community to get his advice and hopefully his support. and at the end of the conversation i'll never forget it because he says to me, well, you seem like a good young and you've got some interesting ideas. you're from the community, but there's one question you didn't answer. i said, what was that? he said, how many people what exactly is your electoral base? how many people can you count on to vote for you on election day. i hadn't thought about that question, but i responded with all of the confidence i could muster. i said, well, i can count two people myself and my wife wi

whether that's competition with china, the wharton ukraine, fundamentally whoever dominates in ai is going to wield significant geopolitical power and so that's the backdrop of our conversation. i want to start with the news this morning, which many of you may think of the biden administration's or executive order effectively directing the department of defense and department of energy to identify government sites were ai data centers can be built. senator curtis, someone who i know is very focused on ai energy and infrastructure. what's your reaction to this latest new? >> quickly, and perspective in utah my home state, two-thirds of the state is owned by the federal government. so if you're if you at federal land you taking two-thirds of the map off of the equation. think about this think about trying to transmit energy if you can't go across two-thirds of the state. this is good news. i'm anxious to learn more about it tonight. i tend to think as a think about this, this morning i've been thinking about like i i can picture in my mind ai center hook up to a fire hydrant and a wate