. >>> welcome to "closing bell," je everyone i'm wilfred frost at new york stock exchange the nasdaq under the pressure down more than 1.5% heading boo the final hour of trade. >> welcome i'm sara eisen let's look at what's driving the action tech falling hard again after strong start to the week fresh data once again raising concerns about higher inflation. producer price index jumping from last year though the monthly increase below estimates. airlines have a strong session after delta tops boeing with progress in china. >>> coming up on the show today, fed president of philadelphia patrick harker joins us to talk about the rate hike guidelines and hearing from kyle bass with the latest thinking on china, the market volatility and the boom in energy to start the year. >> first up, the big stories of this hour. mike santoli tracking the action josh lipton with a look at the nasdaq and joining us on delta and the pop in airline stocks connor cunningham from mkm mike, what are you watching today as we see tech take it on the chin again. >> the big nasdaq stocks with a bounce yesterday

. >> and i'm wilfred frost good afternoon to you.et's have a look at what is driving the action today the december consumer price index matched expectations, rising 7% year over year the biggest jump since 1982. meanwhile, the fed just released its book of economic conditions saying growth in many district what's constrained by supply chain and labor issues more on that in a moment and tech is outperforming, building on gains for the week chips in the lead along with chinese internet stocks, microsoft and tesla. 59 minutes left in the session, sara >> coming up on the show, a few big names, imf managing director will join us to weigh in on the inflation situation. plus her latest thoughts on china's economy and crypto warnings we'll also talk to former disney ceo michael eisner >> but first of all let's get to the big stories we're watching today. mike, start us off, if you will, with the market action holding onto this week's bounceback as opposed to more pronounced in either direction >> very well mixed, really the action under the

. >> good afternoon, i'm wilfred frost.et's have a look at what is driving that negative action, as sara mentioned, the nasdaq continues to lag as rising yields remain in focus microsoft, apple, and nvidia among the biggest drags. salesforce plunging as well and putting pressure on the dow following a downgrade at ubs and the fed just released the minutes with a more hawkish tone, sending yields sharply higher, stocks lower we will get to all of that in just a minute. 59 minutes left in the session >> coming up on the show we've got a great lineup of guests for you to help make sense of all this mess. bruce richards says this is the year that things will change for the equity markets he'll join us to explain why, and he'll tell us the one sector he is super bullish on right now. >>> and later we'll talk to the ceo of authentic brands whose portfolio includes retailers like aeropostale, brooks brothers, so many of these mall-center brands that you know and whether consumers can hold up >>> and just struck a deal with david b

a british colonial dining room for me, wilfred, this at your symbolizes kind of everything. i hate him. and um, and it is a big thing to say here, but it's like he is an aristocratic british man who traveled with tribal people in saudi arabia. and he is considered a hero by every one in the world. he gets to define what history is. he gets to say, what is the, what and people listen. and then on the other end of this, the other spectrum of this travel a is the refugee, and the refugee is pathologist. and they are criminalized and their fear. raj come o colo counters this image with the portraits of people looking proudly from the pages of passengers travel walks. she uses colonial era photographs to tell stories about the present. the question should be, what is colonialism? not raid. so it's like, if you think about environmental, the catastrophe of the environment right now, if you think about borders, if you think about migration, if you think about military occupations, everything is conditioned by colonial histories and policies and they continue to get her portraits su

wilfred? >> yeah. 12% bounce is only small all things considered. >>> check in on citi upgrading under armour from a sell to buy. the stock is up 1.4% sunpower sinking after an update of the fourth quarter results expecting irnings at the lower end of guidance with weather and omicron. down 17% as you can see in today's market, sara. >>> consumer staples turned red. every sector in the red. crypto is under pressure we have more on what's driving the drop >> it's been a rough start to the year bitcoin recently hit a low of $37,728. a level that we saw this past summer and still not for the faint of heart second large esz crypto ether down on pace for the biggest weekly decline since last may. throws in others down double digits and then cryptocurrency stocks that tend to track bitcoin like coinbase plunging today down 13% and microstrategy and also down. but a trend. as of late especially this year cryptos and stocks falling in tandem as they worry about fed tightening policy and seeing a relat

. >> i have to tell you that right before we came on the air i was emailing with a friend wilfred frostill visit your l.a. restaurant and said you're making it fresh 40 years and kept it fresh and happening and a destination a long time. i want to come back to the question of immigration. what would you like to see what i heard you say there was that it is not merely a problem in staffing the behind the scene lower levels jobs but bringing over chefs and higher level people with restaurant and cook experience what would you like to see in terms of immigration >> i would like to get really qualified people who would like to come to america it's still a dream for a lot of people in japan, in asia, in indonesia. you name it or singapore same thing with european people. they hear that i came from austria and they want to be part of it. it's difficult to get work permits for more than a year so i would like to get a comprehensive immigration bill to bring in people who actually going to add value to our enterprises because we can do more business. if i can get some great chefs from japan and

we spoke with wilfred feldman, who says he was a victim of sex abuse by the clergy during this period and he told us what he has been through. so it happened in the summer of $979.00. i was 11 years old back gun pastor act served as st. andrews church and when he left us and groups of people started attacking me, they knew i was one of the reasons he left. we moved to another district of the town and in 1999. i began to be affected by my experiences. i could not work when i had dizziness. i could not drive or simply go out of the house if my whole family was suffering because of that, i started visiting doctors to find out what the problem was. and finally i got to see a psychotherapist. i told him the whole story and he said i had been through a really traumatic experience that triggered memories of all the abuse. i had experience. when i saw the pastor munich, he was standing among other pastor, smiling. i told myself, listen paraphilias disease. so he'll most likely keep going. he did. it is not the 1st time the senior catholic clergyman have been under fire over alleged sexual abu

>> hi, wilfred the faa approved altimeters.cludes all versions of some key boeing and airbus models. >>> a report found retired pope benedict failed to act in four sex abuse cases and happened in the 1970s and '80s three of which revealed today and he denies any wrongdoing. >>> we le is back in the hospital for more chemotherapy tumors have been discovered in the intestines, liver and a lung. >>> here's a first look at what american olympians will be wears. ralph lauren making the pieces in the usa from used plastic bottles. because apparently that's possible back to you. >> all about sustainability. good to hear thank you. >>> 26 minutes to go before the bell and a leg lower losses are picking up steam. the s&p 500 is down by ab about .3%. materials, staples, industrials, communication services down. straight ahead signet customers are putting a ring on it we'll talk to the ceo next and the big interview with treasury secretary janet yellen thoughts on inflation, economic growth s&p down .3% mount everest, the tallest mountain

i'm wilfred frost at the new york stock exchange.he major averages may appear calm at the moment but it is a wild day of trading on wall street following wednesday's sell-off. >> welcome, everyone i'm sara eisen look at what's driving the action the focus on the bond market following yesterday's hawkish fed minutes. rates on the 10-year topping 1.75 today bitcoin below $43,000 in the session. energy and financials adding to the blowout start to the year. 59 minutes left to go in the session. >>> coming up today, a can't miss interview with bridgewater founder ray dalio. that exclusive interview is coming shortly asking bank of america's head of commodities research where he thinks oil prices could be headed next. >> let's focus on the big stories this hour. mike santoli tracking another wild day joining us with his take adam parker mike, what are you focusing on right now? >> tentative steadying action is not movement under the surface there's a weak bounce in the growth sectors after being oversold today the s&p 500 did go down and

i'm wilfred frost.ave a look at what's driving the action today a mixed report from the jobs number missed estimates but the unemployment rate fell to 3.9% treasury yields popped that's putting pressure again on tech chip names hit hard today an encrypto seeing losses bitcoin falling. down 9% to start the year. >> coming up on today's show we'll talk about the brutal week for bitcoin with head of crypto and fintech investments at jump crypto we'll ask gerard cassidy whether this is a breakout year for the banks ahead of earnings. >> let's hit the big stories including the market action. mike santoli is tracking that and jeff sherman mike, with the big picture of the markets which is just recovered in the last half an hour or so a negative week overall. >> definitely still a push-pull. more stocks up than down on the new york stock exchange. in general though in the last couple of days the s&p held the ground because it is pulled in two directions the 50-day average right through there and basically wher

. >> and i'm wilfred frost good afternoon let let's have a look at what's driving the action tesla and dow inc. on the back of their results some strong data coming in fourth quarter gdp trouncing estimates with a 6.9% print, and weekly jobless claims ticked lower. netflix is among the biggest s&p 500 winners after bill ackman revealed a major new stake in the company, more on that ahead. 59 minutes left to go in the session. down sharply, sara >> coming up on today's show, apple headlining one of the most important afternoons in all of earnings season. we have it an all-star panel ready to break down the numbers as soon as they come out plus, we'll get results from robinhood, visa, and mondelez among others, and we'll talk exclusively with mondelez's ceo about the quarter and the impact of food inflation before he goes to his company's conference call >> but first, let's get straight to the big story mike santoli is tracking another choppy market session. phil lebeau is tracking the pullback for tesla mike, start usoff with the board of markets and what you're focusing on. >> not a lo

this wasn't as bad as previous quarters or the last year or two. >> wilf, thank you wilfred frost.e, as you pointed out, the nasdaq is positive it lasted about three minutes. >> we'll see we'll see. it clearly was a bit of an opening save but, you know, things like microsoft have been just for sale, not anything else. >> all right you can take a look at the real-time exchange back alternate hq, where morgan currently resides. >> yes tristate area representing here. >> yeah, i don't know when this gap is going to be filled in, morgan, between me and mike. we could throw a football to each other >> we'll see you soon. >>> we're going to talk esg funds, why doing good is not linked to doing well first, a quick look at the bond market for that we'll do the bond report take a look at how treasuries are faring this morning. you can see the ten-year yield at 1.74. the 30-year still above two, 2.083% we'll be right back. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especiall

i'm wilfred frost. a mixed picture on earnings as big bank results get under way retail sales missing ers mates falling 4.9% in september versus a drop of 0.1% energy surge continue just the sector leading today this week, as well and the month. up 15% in 2022 >>> ahead on today' show, talking to wells fargo cfo about the earnings report as the name is boosted and others pull back. fundstrat tom lee will join us on the volatility and whether he sticks by the prediction for nasdaq to hit 5,000 in january watching this final hour, mike santoli tracking the market action wilfred with the bank earnings and i'll talk about the hawkish fed commentary moving markets. mike, what are you watching? >> it is pretty unsteady i would say. low con vviction. the selling never got out of hand a few levels is monday low from this week is about 1% below where the s&p is trading right now. absolutely developing, solidifying this idea that the market gone back into that kind of a range another level is like down in the 450

wilfred frost is here with key issues to watch. >> the banks index which you were alluding to up more than 50% since the start of last year and up an impressive 12% year to date clearly, the bar is higher for earnings than it has been for any point in years that said, many banks will report all-time record full-year revenues once q4 is in the books. some already did that after just three quarters last year as ever, the guidance will be key, in particular, nii, the income on net interest income. linked to that will be the youth lock for loan growth and the economy as a whole the other area of focus will be the expected pace of normalization in capital markets activity for many quarters now people asked whether it can last. it has but it is expected to slow partly this year. when jeffreys disappointed earlier in the week, goldman and morgan stanley shares both fell accordingly. these two factors will not only be important for the entire group but within the group year to date performance highlight invests are expecting the baton to be passed to names like msnbc to interest rate sensitiv

i'm wilfred frost. a short trading week off to a painful start. the nasdaq down 1.8% heading into the final hour of trade. >> dow down 400. i'm sara eisen let's look at when's driving the action in the final hour of trade. the 10-year well above 1.8%, highest level in two years putting serious pressure on tech with chips in particular falling. goldman sachs weighing on the dow after earnings missed estimates. activision is a winner surging after microsoft said it would buy it for nearly $79 billion. >>> we'll be all over the market sell-off into the close and beyond and coming up two key executives in the financial space react to earnings. hearing from the ceo of charles schwab and interactive brokers chairman thomas peterffy >> both good reads we are watching the big story just mike santoli tracking the market sell-off. wilfred with goldman sachs's earnings miss and joining us is an analyst from rbc and light shed mike, the market action. what are you watching? >> broad weakness today but orderly orderly, that might be a positive or negative obey

please welcome wilfred reilly. and our next speaker is the author of 11 books including thought criminal beyond woke google archipelago the digital gulag and the

please welcome wilfred reilly. and our next speaker is the author of 11 books including thought criminal beyond woke google archipelago the digital gulag and the simulation of freedom just to name a few. please welcome michael rectenwald. and finally these gentlemen are joined by carly kylie carlino the senior media relation strategist at ragnary publishing who will moderate the panel. hi everyone. thank you for coming to this. i'm really excited about this conversation where we talking about the state of speech in book publishing specifically. the dystopian idea of book banning is becoming a trend among american publishers regular publishing where i work is a conservative book publishing company based in washington, dc and over 75 year history. we have gained a reputation for publishing books that new york publishers won't touch one of them being mr. riley's book, taboo. i book banning is a reality. we will be discussing today. it happens among publishers before a book even makes it to the public eye. it happens a

homes, compared to more privileged travelers painted on to pages of an expedition or port filed by a wilfred faster progeny of a british colonial dynasty. for me, wilfrid messenger symbolizes kind of everything. i hate him. oh and um, and a big thing to say here, but it's like he is an aristocratic british man who traveled with tribal people in what history is he gets to and he is considered a hero by every one in the world. he gets to define what history is, he gets to say, what is the, what and people listen. and then on the other end of this, the other spectrum of this travel a is the refugee and the refugee is pathologist. and they are criminalized and their fear. raj come o colo counters this image with portraits of people looking proudly from the pages of passengers travel walks. she uses colonial era photographs. the pro ah, the question should be, what is colonialism not rate. so it's like, if you think about environmental, the catastrophe of the environment right now, if you think about borders, if you think about migration, if you think about military occupations, everything is con

hello or the and gives extra thermal comfort to those living in the rooms or using the facilities. wilfred in methodological almost done with temperatures and the rooms are now maintained at a constant level of about $19.00 to $26.00 degrees celsius. throughout the year, solar panels, power fans, indoors. all hot water is obtained from solar water heaters. the project has been awarded the golden pyramid eco label. the government commission sola on how god to develop the national rating system in response to its growing population. each, it wants to reduce buildings, energy consumption. i think architecture design should be converted totally into sustainable architectural design. to save our resources. now with the green buildings, i think we can see of the energy up to 50 percent. we can save the water up to 60 percent and we consume a lot of materials over on the above the improvement of the indoor environmental quality. and the i would bought environment that quantity. the inspiration comes from traditional homes found and rural communities that are designed in harmony with nature and th

professor wilfred riley, charles love, and shimika michelle. i will start with you. shocked to hear that. terry mcauliffe tried that. he lost. what does she have against parents? >> nikole hannah-jones is an example of what happens when a woman marries a man who takes her last name. i don't know if it's because she is a mixed american and she is privileged because she is half white. i think it's an insult to americans that we don't have the intelligence to know what our child should be learning? should i think my child should be taught calculus through the prism of racism or race? absolutely not. brian: in terms of what she is getting to, the history of this country built on stolen land off slavery, that's what she wants to get across. >> it's terrible. i think we are bearing the lead here. to be fair to her, i don't think she is saying parents shouldn't be involved. what she is saying is we don't want parents writing curriculum. buff she is not saying that. my book "race crazy" has a chapter on every chapter in the 1619 project. she is saying it's not a work of hist

i'm wilfred frost. good froome. let's look at what's driving the action earnings season wrapping up with ge, american express, and j&j after reporting before the bell. after the close, we get numbers from microsoft and texas instruments. can't wait for those the fed kicking off its two-day meeting as investors look for clues on policy and the economy. earlier, the imf cut its global forecast in part because of rising inflation concerns. and tech is still feeling the brunt of the pain with chips getting hit particularly hard, as yesterday proved anything can happen in the final hour of trade. almost positive on the s&p 500 >> coming up on the show, two wall street heavyweights teaming up on a spac we'll talk to gary cohn and cliff robbins about their new deal >> plus, a classic bull/bear debate aeric johnston and jp cap arel have opposing views. >> let's get to the market action another stomach churning day for investors. mike santoli is covering all of the action deirdre bosa focusing on the pain in tech mike, start

abuse. numerous of the cases have been reported in other german cities and in ireland and france to wilfred at festival. and again says that after a letter he sent to pope benedict that changed. so he changed punishment guidelines for clergy, guilty of sex offences, but says it's taken so long to happen when i'm feeling fine talking in 2006 in 2008, i sent an ottoman emails music diocese. i wrote about my experiences with pastor acts when he was enough and they ignored my letter in 2006. so i try it again in 2008 when abuse victims were demanded compensation for the 1st time. they then described my letter as criminal blackmail, but it's clear that i hadn't been blackmailing the church. those officials who came to me real life, i was the victim right away. they also realized they themselves had been used by the church. they were simply told by the members, 1st of all, concerned about justice because the pastor just went to another place when i was writing the letters to me to protect others and may 2010. i wrote to pope benedict . i told him my whole story on may 21st. i got a response sayin

. >> i'm wilfred frost let's look at what is driving the action today consumer discretionary and tech are the standout winners chips are also having a very strong session ahead of earnings from nxp semi after the close, and energy in focus on tensions between russia and ukraine, the energy sector up around tent% on the year 59 minutes left of the session and of january >> coming up on today's show, we will speak exclusively with richmond federal reserve president tom barken his first tv interview since the fed meeting. >> plus, arielle's ru rupal bhansali will join us with a list of her stocks >> first, let's focus on the big stories we're watching today deirdre bosa is covering the pop for the nasdaq mike santoli tracking the rest of the stocks. deirdre, let's start with you and the big move we have for tech, up nearly 3% on the nasdaq >> another one of those days, wilf really those high growth names ripping higher to end what has been of course an incredibly tumultuous month we have seen some names in the space, especially software, already bounce back 10%, 20% from lows recently to

i'm sara eisen here with wilfred frost and mike santoli.enior markets commentator we have a lot to talk about this hour coming up, canyon partners josh raw friedman is here to weigh in on the market rebound. why he says we're at a fork in the road and where he thinks we're headed >>> plus, wells fargo institute, invest lt institute scott wren sees opportunity now and what he's telling his partners. first up, lidsy bell is still with us, joining is alley, what were the conversations with your high net worth clients like today? at one point, we were down almost 5% in the nasdaq, which closed higher by .6% >> what a day, what a week, what a month. today was as epically crazy and volatile intraday as friday was the other way. i am so relieved, as is everybody here at the summit, to have the result that we had today, which really, you know, look, we are in what i call the triple threat as someone who really loves alliteration, of rapidly rising rates the market has been working overtime as has all of the al2 rhythms to try to figure out what tha

. >> good afternoon, i'm wilfred frost.et's have a look at what is driving the action today earnings season kicking into high gear with reports this morning from bank of america, morgan stanley, and procter & gamble treasury yields moving lower for a change but remain well above where they started at the year and the action in tech remains front and center chips falling again today, and the nasdaq now down around 10% from its recent highs. 59 minutes left of the session, sara >> down 120 on the dow ahead on today's show, bank of america's ceo brian moynihan will join us for a first on cnbc interview to talk about today's earnings report and what he's seeing in the broader economy and from his customers right now. >>> plus, we'll ask investor eric jackson where he is finding opportunities in the sector. >>> and president biden slated to host a news conference next hour as he marks one year in office we'll take you there live as soon as it happens >>> first of all, let's focus on the big stories we are watching today. mike sa

numerous other cases have been reported in other german cities and also ireland in france as well. wilfred festival again says that after his letter, pope benedict changed punishment guidelines for clergy guilty of sex offences, but says that it's taken too long to happen. doug, i'm see what slides holes in 2006 in 2008. i sent an autonomous emails to the munich diocese. i wrote about my experiences with pastor acts when he was innocent . they ignored my letter in 2006. so i tried again in 2008 when abuse victims were demanding compensation for the 1st time. they then describe my letter as criminal blackmail, but it's clear that i hadn't been black mailing the church. those officials who came to me released i was a victim right away. they also realized they themselves had been used by the church . they were simply fooled by it. i was 1st of all concerned about justice because the pastor just went to another place when i was writing the letter. it was important to me to protect others in may. 2010. i wrote to pope benedict. i told him my whole story on may 21st. i got a response saying the

pope supported the investigations but denied any wrong doing in connection with the allegations. wilfred festal, men says he was a victim of sex, abuse by the clergy during that period and talks about what he's been through that happened in the summer of 1979. i was 11 years old. back then passed direct served at st. andrew's church and when he left s and groups of people started attacking me . they knew i was one of the reasons he left. we moved to another district of the town and in 1999, i began to be affected by my experiences. it was, i could not work, i had dizziness and i could not drive or simply go out of the house. my whole family was suffering because of that. i started visiting doctors to find out what the problem was. and finally, i got to see a psychotherapist and i told him the whole story and he said i had been through a really traumatic experience of that tricky memories of all the abuse i had experienced. when i saw the pastor in munich, he was standing among other pastors smiling. i told myself, listen, p to failure is a disease, so he'll most likely keep going. be he

. >> i'm wilfred frost happy new year to you.esla the standout after fourth quarter deliveries trounced estimates. reopening stocks like airlines, tsunamis and cruises popping despite omicron cases. 59 minutes left of the session, sara. >> near the best levels. 200 points higher on the dow luke ventures gene munster said two mega caps will duel this year he'll have naughts on apple. shining the light on the forten 40 jon thain boyar with a list of you be loved stocks to tell us the picks and favorites in a bit. >> let's get straight to the big stories. mike santoli is tracking the market action. josh lipton with the apple milestone and a guest to start us off up over a percent on the nasdaq. >> s&p 500 up. big winners near the open. microsoft is a drag on the index. a huge faang and winner last year seeing basically is migrating back up to what were last week's highs. above 4800 on the s&p. closed in the 4790s so we have lifted back up to that zone. are we continuing that line from april of last year defining the upper end and 48

i'm mike santoli in for wilfred frost today. look at what's driving the action treasury rates mostly higher the 10-year above 1.8% receded from there the tech sector also following last week's trend to the downside chips and fintech hit especially hard crypto is under more pressure. bitcoin briefly dipping under $40,000. 59 minutes left to go in the session. >>> we have a great lineup big call today on interest rate just mike wilson and katie stock t stockton on the charts tilray is a standout winner today following earnings this morning. we'll break down the numbers with the ceo irwin simon coming up first, mike, tracking the market action deirdre bosa with the nasdaq movers berhe that coombs with the highlights of the interview with jamie dimon. mike, broader market lower except for health care. >> yes health care. a big jpmorgan health care conference going on. s&p 500 bent and didn't break. at the lows this morning about 4.9% off the record high that seemed to create a little bit of a dip buying instinct the other level to w