quickset is exactly it, jon. i think you and i and somebody needs of americans feel the exact same way. tremendous respect for so many rank-and-file ages that do great work around the country. but will be are concerned about is the top brass. those who are seeking to push a political agenda down into the field offices where you are seeing reclassification of cases to push a political agenda. case in point this domestic extremism the domestic terrorism cases will be should be focusing on things like the open border where we have seen just last year over 100 individuals of the international terrorist watch list being apprehended. we can't legislate and investigate all at the same time for this republican congress is going to prove we are going to handle the issues like addressing crime, securing the border, getting our energy policy straight while simultaneously holding those accountable that seek to weapon is our government agencies against the very people they are supposed to be serving. and so we've got a long r

jon: alexandria hoff from washington. thanks. for more on the likelihood of house republicans coming together and choosing kevin mccarthy to be the next speaker of the house, let's bring in charlie hurt washington times opinion editor and fox news contributor. there is something of a circular firing squad that has been lining up among the gop caucus in washington. maybe they haven't fired the shots yet, what do you think the prospects are here, charlie? >> certainly without a doubt kevin mccarthy has a tough hill to climb and that's his job in general to manage a small majority. he is an equally tough hill to climb getting the speakership. the problem is for as many people in the house republicans who say they're not going to vote for mccarthy, just as many if not more republican say that i vote for anybody but mccarthy. and all those people they stick out those positions as a hold them fast. once voting starts the things get very different every speakership race i've ever covered there's always been a holdouts, it's been a lot m

jon erlichman. welcome to "bloomberg markets." >> i am kriti gupta. green on the screen in the equity market. getting a breather. a lot of this being fueled by the individual movers. jon will have that in a second. s&p 500 higher by 0.9%. tech outperforming and it comes down to a handful of names. even the dow seeking pain when it comes to goldman sachs. the 10 year yield 347, and massive selloff, up8 basis points. the intraday volatility becoming the theme. what happens as we have that drumbeat to that february 1 fed meeting? i am interested to watch that. the dollar index is mostly unchanged, taking its cue from the bond market. how long before talk about $100 oil again? brent crude trading with an $87 handle. jon: let's dig deeper into that tech story. the nasdaq 100 has allowed the usual suspects with multiple percentage gains, netflix among them. that is still the big reaction to the quarterly results last night as they continue with the management transition. up more than 6.5%. we have moved p

jon? jon: really frightening. christina coleman, thank you. >>> well, the buffalo bills' damar hamlin has posted his first public statement since his on-field collapse monday night writing in part, quote: the love has been overwhelming, but i'm thankful for every single person that prayed for me and reached out. the team says hamlin remains in critical condition but is making progress. as he recovers, his teammates will wear special patches with his number 3 on their uniforms during tomorrow's game against the patriots, that's just one of several tributes planned for this weekend. the team is also discussing how to honor the first responders who helped save hamlin's life after his collapse on monday might. >>> well, nearly 9,000 nurses here in new york city could hit the picket lines as soon as monday. the strike would affect two of the city's largest hospitals, mount sinai in manhattan and the medical center in the bronx. the nurses want better working conditions and pay. they say understaffing was a major issue

border, jon. jon: jacqui heinrich live in mexico city thanks jacqui. >> national border patrol council brandon judd. before the president visited the board he said he is looking forward to learning what border officials need that they don't have. what would you assess they need that they don't have? >> is taken as a look at the visit first but he did not actually visit any border patrol facilities. he did visit an operation for selling the support of entry for the sum of the problems are. you can look across the ports of entry on the entire southwest border. that is not where we are seeing illegal immigration but we are seeing illegal immigration between the ports of entry. that is a border patrol, that is a component of cbp that handles all of this but he did not have any scheduled visits with them. but what he did do late last night, he started to beef up the border between the ports of entry so that when the cameras came in they would see something that is not normally there. he also cleaned ou

jon: charles, thank you. in california, the golden state under threat from another round of dangerous storms this weekend. the onslaught of extreme weather which began around christmas killed at least 19 people so far. meteorologist adam klotz is live with more. will california get a break anytime soon? >> the brakes are very brief and forefront of rain behind those. you mentioned around christmas, since december 24, these are rainfall totals and highest areas, 25 to 35 inches, the ground is saturated. any additional rain you do see, there's more today, there's nowhere for it to go, streams and rivers are all full, the ground is soggy so the additional rain comes more and more of a flood risk and we see flash flood alerts now for 25 million people covering pretty much the entire state from southern california all the way to northern california and the rain is not done yet. it's a future forecast and we saw rain moving to earlier today, a bit of a break and suddenly get into sunday night and monday, another bi

jon: thanks very much. buckingham palace announced the coronation of king charles the third will take place saturday the sixth of may. the event will begin a three day weekend of festivities to celebrate the monarch who automatically became king upon the death of his mother the queen elizabeth the second in september. after the formal or nation, the king and his wife will stand on the palace balcony alongside members of the royal family. it's unclear whether prince harry, whose tell-all book in netflix special criticized the royal family is going to be invited. from the biden documents to the world economic forum, there's a lot to talk about from this week. next, lighting round with joe concha as we get is takes on this and more next. ♪ in california, helicopter church underway for british actor julian sand is been missing more than week. the 65-year-old known for his rolls in films like a room with a view and gothic. he went hiking in the san gabriel mountains before he was reported missing last friday.

jon: the ceo of rbc. off-camera, we talked about some of the areas they are investing, including ai specifically. one of the big talking points in his office is the rapid rise of chat gpt and how that will impact the banking industry and experience going forward. kriti: it feels like chat gpt has taken over the world in the last couple of months. it's going to be a hot topic when microsoft reports. just yesterday, they announced a $10 billion investment in ai technologies like chat gpt. it's something we will keep an eye on. the s&p 500 about flat on the day. the nasdaq flat on the day. down about five basis points on the 10 year yield. stick with us. for jon erlichman, i'm creepy group to. -- i'm kriti gupta. this is bloomberg. ♪ when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com. ro

jon: this is "bloomberg markets ." i am jon erlichman with kriti gupta. on a day when the white house announced president biden will visit canada in march the finance minister from canada's most populous province is in the u.s., making his case to wall street. peter bethelenfalvy has made the trip to new york this week. we thank him for being with us and want to get your perspective on the fact that we now have this white house announcement that president biden will be coming to candidate in march. what was your initial reaction? peter: i think that is fantastic. we have a 200 plus year relationship with the u.s. it is great for ontario. we have 18 states and ontario is the number one trading partner. another nine the number two trading partner. that is over half the states number one or two trading partner. what is good for canada is good for ontario and what is good for ontario is good for canada. jon: while you are ontario's finance minister you previously lived and worked in new york. very familiar with the story of wall street. when you go in this ca

jon: thanks very much. let's stay on the broader influences from the fed but also the earnings story. joining us is ubs. one of the things that is interesting with the american express story is that wall street is rewarding encouraging outlooks, not necessarily whether you beat or missed in the quarter, it's how confident you sound for 2023 area what's been your takeaway in earnings season? >> to be honest, think the earnings season has been quite underwhelming so far. there are pockets where the outlook is looking better particular for the higher end consumer which is no surprise. lower end and middle consumers are starting to feel the pressures from the high interest rate environment. when we think about the forward outlook, the guidance is underwhelming and we see estimates coming down for 2023 but not fast enough think about the fourth quarter, the beat rate has been 20% even after we've seen significant downward revisions. the fourth quarter was where the economy still seems to be resilient and the con

jon: i am jon erlichman. kriti: i am kriti gupta. the stock market is shrugging his shoulders when you look at the s&p 500. down 0.1%. the dow jones is where you see the pain. down 1%. goldman sachs dragging down the benchmark but it is also the bond market. look at the 10 year yield, only hire two basis points. earlier today it was higher by six or seven. intraday volatility certainly in play and the dollar moving in sync. to me it is the commodities story. inching higher and higher on the chinese reopening story. jon: we are watching the energy trade. broadly speaking the quarterly snapshots are going to be important this week. we are getting them fast and furious. he talked about the weakness in goldman sachs -- you talked about the weakness in goldman sachs. but on the others of the fence we have seen that morgan stanley stock price up more than 7% today. diversification the keyword as the management business has been helping out. it is interesting and a busy week for technology. we will get netflix later this week. roblocks is u

jon: helpful contacts on the story of sofi. anthony noto, the ceo joining us and as kriti was mentioning, the stock moving higher. adani under pressure as the rebuttal fails to ease wells looking outside investment quell concerns? -- ease woes but can outside investment quell concerns? this is bloomberg. jon: this is bloomberg markets. time now for today's for what it's worth. our number is 400 million as and $400 million, how much a firm controlled by a member of abu dhabi's family is investing in adani after the staving -- the skating report on adani. abu dhabi has been seeking to restore confidence in his empire. kriti: we know that the uae has largely invested in the adani empire so that $400 million follows a multibillion dollar investment when it comes to adani enterprises and it is something bear taking a hit in an shares -- and he and stocks are taking a hit and it is fascinating having and opinions. one person said, heather burke least -- research is right -- hindenburg research is right. kriti: --jon: we saw a huge re

jon: a morning of turmoil. we will talk more about the develop mensa in the airline industry paired we want to speed and how things been playing out in the markets. the s&p 500 performance today is up right now about 0.9%. most sector groups have been trending higher. there is a willingness to take risk ahead of that inflation data that we are waiting on for tomorrow. we will talk about individual movers and a second. a smooth 10-year auction. it is around 3.5779. you have heard a growing chorus of bond players, including pimco and jeff gundlach, talking about appeal in the market now. fluctuations of the currency market. a little bit of weakness for the dollar. on the oil side, we are looking at a solid move higher by about 3% as investors continue to look at headlines on china's reopening and the potential appetite for crude coming out of china. let's get to some individual movers today. if you want evidence of the willingness to take on risk, you have seen investors moving into technology stocks. you've also

this is bloomberg. ♪ jon: this is bloomberg markets. i am jon erlichman with critique up to. time now for today's "for what it's worth." 0.7%, that is how much bloomberg economics estimates will be shaped from economic activity in brazil thanks to the unrest we saw over the weekend. let's get an update on how things have been playing out. bloomberg's julia has been covering everything as it has unfolded. what can you tell us know about the recovery efforts underway? julia: it is really the day after the president putting up a show of strength. he met with congress leaders, supreme court justices, all three buildings attacked yesterday. really putting up a united front. the justice minister just said they have detained about 1500 people so far. they are still clearing protesters from military facilities where they went to after they were clear from congress. it's really just assessing the extensive damage done to the three buildings there. kriti: can you talk us through some of the market reaction we have seen across brazilian stocks, but more specifically the real? julia: in

jon: we certainly will. against that backdrop, as we get ready for the next fed decision, what do you think the bond market is going to key in on? liz: we were talking earlier with some folks about this. every word jerome powell says, right, some folks in d.c. were saying look at this statement. they might have to adjust it a little. the market will have to see if there is wording in the statement that changes regarding slowing down or stopping. how strong is jerome powell in the press conference trying to hammer home again that it looks like we won't be cutting this year? that's with the bond market is looking for on wednesday. kriti: liz mccormick, we thank you as always. before we continue the conversation we are getting breaking news on salesforce ready to discuss appointing new board members. shares are off 1.3% on the day. this is a company in talks to bring on arnold donald, former ceo carnival and mastercard. the chief financial officer there with the independent director, according to our sources. p

jon ferro with kona haque. jon: thank you. i want to talk about copper and aluminum. absolutely flying. year to date, copper is up more than 11%. aluminum, 10%. kona haque joins us now. big picture question. how commodity intensive is this reopening going to be in china? kona: that is the big question. i sense right now it is very sentiment driven. china reopening the lead up to a lot of pent-up demand, just like it did in the u.s. and europe. in terms of actual manufacturing intensity, i feel like china's commodity imports are still pretty good. their stock levels are quite high right now. potentially the copper rally is running ahead of itself in anticipation of more to come, but we have to be patient on that. jon: when you hear people say 11,000 500, you are pushing back? kona: short-term we may have run ahead of ourselves, but i agree, copper fundamentals are tight. supply-sider looks like there is still a huge amount of capex required but i don't think we are at crunch time now. right now it is very sentiment driven. jon: when you look at the marginal increase of

this is bloomberg. ♪ jon: this is bloomberg markets. tesla's shares have been under pressure in the past month. they've bounced back a little bit today but there are renewed concerns about weakening demands for electric cars and now cutting prices again in china. ed ludlow is doing a masterful job covering ces in las vegas. it used to be apple would not have a big presence but everyone would have to ask questions about apple strategy. now it seems like everyone has to have a comment on tesla in las vegas. ed: there's a lot of evidence that the automotive names are making plays and announcements catch them up to tesla. the stock is higher after having lost something like 8% in the session. there are concerns about demand in china specifically broadly. tesla is not the only company having this issue. in november, mercedes also cut prices significantly. earlier i caught up with the ceo of panasonic north america. they are the key supplier to battery cells to tesla. >> we're not that concerned about it right now. we're trying to provide the

this is bloomberg. ♪ jon: this is bloomberg markets. i'm jon erlichman. time now for today's for what it's worth. we have a percentage for you. 10%. that is how much bitcoin has risen this month. the cryptocurrency has been on its longest winning streak since 2020. welcome news for crypto enthusiasts. we have just reported that two leading crypto exchange platform operators in canada have been in merger talks. that is according to multiple sources. if this deal comes together it would create a leading player at a time when volumes have been down and regulatory costs have been rising quickly for a lot of these platforms. kriti: we know that is an issue you are starting to see around the world with a lot of these platforms, as fewer people are actually taking part and participating in the crypto market. we were talking about those falling volumes. take a look at some of the earnings coming out of robinhood and some of the ftx commentary. jon: in an environment like that consolidation seems inevitable. we talked about the competitive environment with hedge f

jon: this is bloomberg markets. i am jon erlichman, with kriti gupta. 19%. that is how much home prices in toronto have dropped since march of last year. the housing market in canada's biggest city is in the neighborhood of bear territories. he joins us now from toronto with more perspective. how would you characterize what has happened in the canadian housing market over the last 12 months? >> 2022 was a historic year for the canadian market, the toronto market, in particular, which is what we got data about today. it was the biggest one year drop in the history of the benchmark price in toronto. that benchmark price has only been compiled since 2005. there has never been a bigger annual drop. the closest was in 2008. that does not compared to what we saw last year. as you pointed out, the annual price drop does not really capture the full extent of the drop because for january, february and march, prices were going up considerably. it was only the last nine months that prices have been falling. that was still enough, despite the first three months of gains

i'm deirdre bosa with carl quintanilla and jon fortt. too early to rush back into tech the sector's severe downturn still has legs and we'll ask the ceo of the nasdaq about that, along with the trade desk ceo and amazon's head of devices later, call it a tech tug of war on chat gpt's new evaluation we'll debate it it's one of our friends. >> let's take a look at the market reaction to the jobs numbers. all the major indices moving up as non-farm payrolls beat estimates for december everything up about 1.5% more important, wage growth came in belowexpectations, indicating inflation may be reaching its peak. that's not the whole story still lower this morning you can check out there on the scre, asana down almost 2%, roblox about flat. coinbase down 1.75%, bill.com also flat. carl, it's not all together clear that the wage growth is all that's being focused on here we have quite a few hours left of trading to go >> indeed. but your point about technology certainly communications services, info tech, the ndxd, five weeks down. clearly has b

tom: from london, jon says, really? ok, jon. stay with us. the vix, 18.86. lisa m.: up-to-date with the first word, i'm lisa mateo. the chancellor of the exchequer dismissed calls for tax cuts in an interview with bloombergtv. hunt said sound money must come first. he was also asked about green subsidies. jeremy: we think if we are going to have the transition to net zero we should benefit from free and open trade between all of the countries that share that ambition. but i don't think subsidy is necessarily the best way. what people want is creativity, innovation, ideas, a climate, a regulatory structure that encourages. lisa m.: hunt also pitched the u.k. as a hub for high-tech and innovation. it is almost into a year -- almost a year into an invasion that vladimir putin thought would take weeks. bloomberg has learned that vladimir putin is planning a new offensive in ukraine. he is also bracing has come -- his country for a conflict he expects to last years. the kremlin wants to show its forces and regain the initiative after months of losing ground. the

jon: all right, thomas, thanks very much. we will continue to watch that story. let's wrap it up with another major bellwether, caterpillar under pressure after their first earnings miss since 2020. the maker of the iconic yellow bulldozer pointing to higher input costs. joe, walk us through what we know at this point. joe: i think investors have been looking at margins the whole time. they were going to focus on material costs and supply chains as they have for many years but what happened is they had a really nice run of 10% into earnings today had i think they just didn't get enough, right? they pointed to materials costs really eating into their good earnings. the operating margins were 17%. looking ahead to, management said listen, first quarter might be flat or down compared to that end during the call i think they surprised people by giving commentary on china. listen, china is only 5% to 10% of total sales for the company but they said they are not expecting 2020 three to be any better than 2022 and that in fact it will be lower so i think that is on the

jon: this is bloomberg markets. time for today's for what it's worth. 79% payment that is how much ipo activity declined on the nasdaq last year after a huge 2021. nasdaq ceo adena friedman is confident that listings can bounce back. she spoke with lisa abramowicz in davos. >> i came into the year thinking that as we came out of a year of uncertainty, we didn't know how the environment would move along, by march or april, we should have a pretty good thinking of where interest rates will land, how interest rates will move forward. the one, new factor i have le what does the reopening of china really mean? what does that mean in terms of spurring economic growth? there is a human tragedy occurring with the pandemic, as the world has experienced, but as they get past that, there is an enormous amount of savings, a huge appetite to get out in the world. you are also seeing a different conversation that chinese officials are having about working together. i feel like that could spur more economic growth but also creates

. ♪ ♪ jon: welcome to bloomberg markets. kriti: we are seeing red on the screen but perhaps the selling pressure has abated a little bit with the s&p 500 only down 0.4%. it was at session lows at 1% earlier. 344 on the 10 year yield. we have gone to a 6-7% trading range. that brings me to the dollar. after you see the yields move, the dollar potentially moving in sync with the canadian exchange rate stronger by about 0.2% off the heels of that bank of canada decision we will dive into in a moment and brent crude has an 86 handle. a little bit of a risk reversal when it comes to the commodity market. jon: lots of earnings stories this week and we will dive deeper into technology later. in canada, we had a soft outlook from cn rail. in the u.s., some muslim -- similar messaging from norfolk southern which is down. kimberly-clark, challenges with their tissue business but also some of the currency headwinds and the shares are down to 15%. at&t is getting a nice pop, up about 6% in the quarterly numbers topped estimates and ther

jon: they definitely have that presence in new york. they are quickly getting into a lot of markets around the country and trying to have nice stores, keep from discounting, and leverage social media. they got a shadow from kendall jenner a couple of years ago that helped out as well. >> i'm sure it did in the new york crowd, i am safe to say that you are not there shopper. we do see the equity market hopper to the green a little more. s&p 500 up 0.1%, the nasdaq outperforming, only barely at .3%, the 10-year yield 3.49, the yield is higher by five basis points, a be there will be something next week. stick with us, for john i am krieger debt, this is bloomberg. ♪ hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has be

>> hey,thank you, jon. yes, i mean, we like micron. we've seen a lot of semis already print last week and this week we saw texas instruments with a good enough number. lam was fine, kla corp missed. they spoke about industry capacity spoke about weaker memory trends and then nxp last night, you know, reported their guidance was okay auto demand is strong. or resilient they talk about stronger and mobile demand somewhat softer. i think when we talk about micron and where micron is today, you know, micron already reduced deram to right size supply not too long ago. we think the deterioration in memory conditions is well understood by the street more important to investors will be when the cyclical bottom is established. it's our view the industry is closer to a trough than a peak >> it feels like that we're kind of teetering at this moment where we're looking to see if some of these industries are going to stabilize themselves or take another fall down a flight of steps, right? the pc industry is going through this recalibration of tryin

. >> pulitzer prize-winning author jon meacham shaped joe biden's victory speech and inaugural address. meacham is a presidential historian who has written biographies of five american presidents, from andrew jackson to george h.w. bush. >> lincoln and bush both called on us to choose the right over the convenient. >> so, what do the highs and lows of our past tell us about the challenges we face? >> as long as democrac is a human enterprise, which it is, then human virtue have as strong a chance as human vice to prevail. >> and should president biden run again? what does jon meacham say now? >> "firing line with margaret hoover" is made possible in part by... and by... corporate funding is prod by... >> jon meacham, welcome to "firing line." >> thank you. >> you're a presidential historian and pulitzer prize-winning author who has written books on thomas jefferson, andrew jackson, franklin delano roosevelt, george h.w. bush, and now abraham lincoln. what do you think is the essential quality for a successful american president? >> a commitment to something larger than his or ultimatel

jon: nothing about this is normal. bob michele, asset management chief investment officer and head of the global fixed income, currency & commodities going to be sticking with us. we can squeeze in some sport. what is going on? your beloved little floral -- beloved liverpool. bob: last year with the bond yield market, if liverpool had gone off the rails, it would have been a disaster. right now there is a bond bull market. money is coming into the market. i can live with some restructuring of liverpool. i like what -- did. he played the younger players. tom: i am the amateur here. does the world cup screw this up? the pots are playing in cloud. liverpool, some party say the least. the arsenal, they are in the world cup. but in the middle of the season -- jon: it has disrupted me. tom: has it disrupted solid? jon: we have restarted the season. stopping for a month would disrupt the momentum of the highflying teams. that hasn't happened. tom: i am learning every day. bob: they pulled it off. it was a great world cup. tom

a fed-mandated slowdown. >> you heard it from jon gray. superb did not say recession but did obviously indicate that the fed is going to get to a certain number but that it's going to stay there i think that becomes one of the key questions. how long do they remain at whatever the terminal rate is, 5, 5.5%. blackstone shares do seem to be responding to that in the way they weren't in the first few minutes of trading up almost 4% >> let's use some you are familiar with. zoom, one of the worst like peloton. docusign they're all bouncing but if they don't do something, if they don't reinvent, if zoom doesn't use its cash, you're back in the suit versus bristol-myers. hey, look, if you want in the s&p a stock that's a loser, illumina they make fantastic gene sequencing i'm looking for companies that are in health care that have gone down a lot. i'm not looking for fintech companies, period. david, the street, the brokers love fintech because there are so many deals. they love the -- david, this software, you know, the enterprise software. ever

staples, utilities, they are rallying tech and energy are the laggards, jon. the ten year at 3.546. >> you could say it is a make or break week for the markets and for the rally. we'll get the fed's decision on interest rates on wednesday. investors are hoping that a slowdown in hikes is here. the street's anticipating 25-basis-point hike. 50, frankly, still in the cards. then we have a slew of data that's going to give us a glimpse into the state of the economy. the jobs report, consumer confidence, ism and factory orders, just to name a few and then there's earnings with the nasdaq's big outperformance on the line. we'll hear from amazon, apple, alphabet and meta. about 20% of the s&p 500 is reporting making it the busiest week of the season, guys >> it's very true. b of a did work over the weekend looking at how stocks fare on this week. stocks trend not to trade well this particular week it's the following week where you get a lot more green arrows, at least that's what history shows you. >> you take a look at the mega cap on a huge week of earnings, all d

we will hear from the firm's president jon gray. this is bloomberg. ♪ amber: this is "bloomberg markets." i am amber kanwar with alix steel. it is time for "what it's worth." blackstone is getting a $4 billion cash infusion from the university of california for its massive real estate fund. this fund has faced heightened pressure from investors and has been forced to limit withdrawals. it is an interesting story on how this came about. when we saw this, largely because it was distressed, the investor decided to put in $4 billion. alix: but it is a sweetheart deal. they will get a minimum return of 11.25% over six years. you lock up $4 billion and you will get reimbursed, but that is a pretty nice return. the idea is there were so many withdrawals because a lot of their customers needed liquidity. not because they did not like the product, supposedly, but they needed liquidity and there is the issue. amber: and it is important, and you mentioned, to get that guaranteed return. they call it a sweetheart deal or warren buffett deal.

elizabeth: congresswoman, what is your reaction to what jon said? >> there is group of 150 plus members that will only support kevin mccarthy. it is not just the 20 that we have voted for an alternative candidate. they have to get over that 150 that said they won't support anyone but kevin. i pull it back to this. this is not about kevin, this is not about the freedom caucus. this is about the american people. our job is to represent their will. they don't go to bed at night worried about speaker of the house. they to to bed worried about can they pay their rent. they worry about can they put food on the table. they worry about the border is secure. as we sit here we have 300 people die because after open yesterday epidemic, as a result of the border crisis. 8,000 illegals cross over and paroled into the united states this is what people worry about. internal dynamics are spilling out. we need to take a step back to realize this is the peoples house. this is not the house freedom caucus house, this is not kevin mccarthy's house, this is our house. t

jon busts my chops about the dow. it was the mother of all dow stocks blown up, tumbling. >> it will blow up your models too. will it be on the front foot here? is it chatgpt and artificial intelligence? where to the old tech giants go? >> is microsoft the next intel 15 or 20 years out? i am not willing to say but that's a humility you have to bring to this. elaine becker is with us. she will try and get a better seat for lee so she's stranded in atlanta -- for lisa next time she's stranded in atlanta. what will replace libor? is it working out? do you have a day-to-day short-term piece you believe in? >> we are getting more comfortable with the is -- the bsybi index. it has shortfalls in rapidly changing interest rate environments. it lagged by a day or two, but to a large degree, it has a lot of data points associated with the, different firms associated with it, different input, and it is based on actual trades, so we are comfortable that that could be a good bellwether. >> what does your world out to your long-ter

>> you know, jon, that's the reason i watch "techcheck. i want to understand what's going on in the sector there's conflicting data out there and conflicting ideas. you know as well as i do that some of these tech companies overhired during the pandemic. and when i look at the release about the layoffs, some of them are saying we have to right-size our business through the new reality, which some of the online shopping, some of the online business that was being done has now moved into brick-and-mortar stores or back toward normal areas. that does not worry me what worries me is the cuts that go into the broader or say prepandemic levels of activity the contraindications on that when you look at the overall market, it looks pretty healthy still. the jobless claims numbers are still, if you look at the four-week moving average, it's actually moving down at a time when you should have it moving up so the interesting thing to follow here, watch the headlines and be mindful of them as what you said, jon, a canary in the coal mine. what we don'

doesn't look like, it jon. "new york post," you guys reported on this, then vice president biden under the obama white house used a fake government email account in 2016, right before he left the obama white house to send multiple emails communicating government business and ccing hunter biden on them, like a meeting with the president of the ukraine? >> right, joe biden was in contact with his son repeatedly while he was vice president and thereafter many ways on the hard drive. this is one of the big questions which it relates he was involved in his son's overseas business dealings. the president said refeetedly he had no involvement yet we saw last year one revelation of another, hunter biden and joe biden on the golf course with business partners. business partners meeting joe biden at the white house, handshakes here, lunch visit there. it is no longer sustainable that joe biden was not involved in his son's overseas business dealings. now the question what is the extent of that involvement. elizabeth: to

liz: jon, what are you doing, like, the royals or something? >> i'm here at the crypto finance conference going on here in switzerland are. it's a fabulous time and a lot of dcz was here -- cz. we had so many people -- liz: you see that earlier today bitcoin popped above 19,000. it's slightly below it right now, 18,863. maybe the sun might shine once again. >> yep. i think it will, liz. and i think web 3 is the way that it's going to shine. liz: great to have you both, thank you so much. all right, here we go, the skies are friendlier at this hour after yesterday's travel trauma when an faa outage led to thousands of delays and cancellations. but one carrier says it had minimal disruption trues. up next, the ceo of semi-private airline jsx on how it survived the flight nightmare and that tie-up with one of elon musk's companies. what about that? closing bell, 49 minutes away. we've got the dow jones industrials still up about 187, make that -- 193. changing as we speak. "claman countdown" you are -- just getting started. don't go away, we're co

do that again on camera, jon! annoying! do that again on camera, jon! , ., ., ., ., ,, ,, jon! they would run around and kiss each other. — jon! they would run around and kiss each other, little _ jon! they would run around and kiss each other, little peck, _ jon! they would run around and kiss each other, little peck, you - jon! they would run around and kiss each other, little peck, you could i each other, little peck, you could see them — each other, little peck, you could see them consoling each others, touching — see them consoling each others, touching each other's hands. i take oints off. touching each other's hands. i take points off. duncan _ touching each other's hands. i take points off. duncan jones _ touching each other's hands. i take points off. duncan jones and - touching each other's hands. i take points off. duncan jones and his i points off. duncanjones and his partner rodrigo are constantly holding hands. coming each other, even when they are arguing, love, don't do this. i can't have it. don't put the chopping boards together. it don't put the choppin

i'm jon fort giant hour of "tech check" ahead. alphabet joins microsoft and meta with a huge round of job cuts saying it will slash 12,000 jobs is netflix a good-bye or a good buy. the ceo seats the executive chairman and later, is there a supplier surprise coming? why you might want to get bearish on apple exposed names in your portfolio or you might not. plus, call it the year of the bull ahead of the lunar new year. optimism on wall street for china stocks in 2023 karl >> jon, stocks moderately higher to close out the week here nasdaq the big performer jumping on the back of those strong results. interesting day today. got back below 20, on pace with major averages all lower, led by the dow. options expiration today, so we will watch that and see what volume does this afternoon. >> and the nasdaq off 1% let's kick it off with alphabet. announcing layoffs whenever a company announces, we say what about alphabet. well, the stock is jumping on the heels of that announcement the ceo writing we hired for a different economic reality

i'm carl quintanilla with dear bra bosa and jon fortt 15% gains since last tuesday we're going to talk with the cfe. and a debate on coin wall street says the company will survive and even thrive and piper and jefferys says uber is a buy we have what it means. >> carl, let's kick things off with the tech rally. the nasdaq led friday's gains and is leading once again today. techs, the top sectors, high his take a look. my question to you, dee and carl, is, are the markets focused on the wrong thing here? are investors brushing aside some fundamental things and focusing on the soft landing narrative that's formed? i can't help but notice, dee, friday macy's warned based on weak consumer demand they've been managing inventory well, but said after cyber week, demand really fell off more than expected so that stock is down about 8% right now. and then lulu warned this morning, a different story, higher inventory levels. they're selling that, too, but it looks like they're discounting that a lot they warned about margins. that stock is down, what, almost 10%, 9.5%. but those are an anomaly i

. >> i mean, listen, when i think of you, i think of jon tester because reversal like likable and so good on a tractor. okay >> now guess this, both public school teachers. which one of us was a music teacher? >> lawrence o'donnell junior. >> not even close. not even close. >> one out of two ain't bad. one out of two. >> not bad. thank, you alex. >> i can't wait to see it tonight, lawrence. goodnight. >> george santos did not show up last night for one of the most cost pleasant customs for new members of congress, the president united states avoided all members of congress from both parties from the house in the senate to come to the white house for a visit from. most of them is the very first time setting foot in the white house and it's kind of cool and george santos did not show up. one possible reason is, they check i. d. s at the white house. in fact, for scheduled visits like, that you have to phone in your birthday it and social security number to the secret service so they can run a background check on you to make sure it's okay to let you through the gate of the white house.

charles: i have 30 seconds, jon. this is something you pointed out the volume on options contracts. 61 million down to 20 million. what does that mean? does that suggest some emotions are coming out of this market? panic maybe? >> i think what it was, charles, yesterday, the fact that we had those glitches on the opening yesterday, that put a lot of people back on their heels. obviously they never really came forward with the same sort of investor fervor that you would like to see into an earnings event like microsoft. today i'm betting that we're seeing much closer to the average this year which is like 44 million contracts. charles: right. >> up substantially from yesterday because sentiment gets hurt when people are worried about glitches in the market. luckily they don't happen very often. charles: you know what though, great, great point. one of the big beefs watching the show, trusting the system. that it is always working it is always fair. we know not that ask not always the case. jon, great stuff. we appreci

jon karl live in washington. >>> there is news coming in tonight, another power substation hit by gunfire in north carolina. this is now the third one targeted. the fbi called in, and we have late reporting. >>> after that very close call at jfk between a delta and an american flight, tonight, there is news a jetblue flight about to take off bumping into another plane. >>> and the high school students tonight who heard about their teacher's dog, they had to help. how they engineered this. america strong. >>> good evening and it's great to have you with us here on a very busy wednesday night. we begin tonight with this major storm moving right across the country. news of a significant pileup tonight on i-70 in colorado. 30 states now on alert from texas right up to michigan, all the way east to new york. 50 million americans in the path of this storm. heavy snow, ice, rain, dangerous winds. and, of course, possible tornadoes, too. right to the pictures tonight. that major pileup on interstate 70 near aurora, colorado. state police say up to 60 semitrucks are stuck after a crash involving a

. [♪♪] jon: welcome to fox news live. i'm jon scott in new york. possible new problems for the biden administration. five more classified documents turned up today inside biden's delaware home. documents marked classified have been discovered in the president's garage and a private washington office once occupied by mr. biden after he was vice president. a special counsel and multiple congressional committees are investigating. delays you are in billionaire tonight in maine. it's worth $3.5 billion. friday the 13th isn't always unlucky. i'm jon scott. now back to "one nation." brian: in a couple days cities across this country will commemorate the life and legacy of martin luther king, jr. how did he become such an historic leader? >> january 15, 1929, michael luther king, jr. was born in atlanta, georgia. five years later his father a obama test pastor was inspired by martin luther, king, soutseniorchanged his name alons son's. he attended moore house college. he struggled with one class. public speak. he finished with a doctorate degree at boston

liz: now you're talking the jon's language, right, jon? when you listen to what scott's saying, make it simple for our viewers. >> well, i agree with what scott said, and scott's a good friend. so not surprising when some of -- we're in some of those same stocks, including tesla. and to put it into layman's terms, layman on claman, there to you go, another show. liz: that's right. i'm your average claman. >> when you see a stock is like amazon or apple or microsoft that's trading to the upside and has had a nice move because apple is up, i think, almost $20 since end of year til now. do you really want to jump on that, or would you rather take a little bit less risk, maybe a lot, by trading an option? if which is just what scott talked about. the trade-off is timing. your timing is not right, you're not going to win many that trade. liz: as my great father used to say, the only difference between salad and garbage is timing. you guys have talked about what you like. tell me what you hate right now. scott? >> you know, at this point i hate

as jon said, it is not unsafe, it is just not ideal. notam system is an information-sharing system and that's what's kind of gone down. i don't know that it's come back up. it sounds like it has but again we're still a little in the dark on why it went down. >> bill: we've seen some planes land while we've been sitting here. one at reagan national and washington, d.c. maybe the kinks are starting to get worked out and well oh he see how it moves throughout the morning. come back soon. thank you for your time on the phone. when this broke at 6:00 this morning we're wondering what's going on there? immediately you think about a cyberattack. they've said that is not the case and we'll get some sort of action review throughout the day to try to get some answers. >> dana: all the passengers. the hits keep coming for the airlines and airline customers. looks like we'll get things back on track today soon. >> bill: stand by. more coming up. first there is this. the house oversight committee launching and investigation into the classified docum

do you think that's been baked in, jon? >> i'll defer to steve on this one. i mean, it is one thing to talk about a growth slowdown. but when microsoft is priced, we're expecting growth in cloud. >> of course. >> it's significant growth. >> let's be clear about that this is huge. >> but if the street is expecting 35%, 40% and they come out with 30%, 35%, that's still a nice growth number, but not what the stock was trading based on. >> right in past years, during the pandemic and pre-pandemic, they would have to knock that number out of the park for the stock to go up on earnings. they have done a good job. last quarter they said it is going to be several percentage points lower get ready, guys. buckle up. we're seeing the same trends across our it spend that everyone else is seeing. that's what -- it's going to keep growing i just want to be clear. it will keep growing, but it is definitely moderated he would say, look, we have a long run away here even if the growth slows, it will come back. >> but he's very cautious and there is maybe two more years of pay

jon karl tonight. >>> the national archives now asking former presidents and vice presidents and their offices to check their personal records for classified documents, going back to the personal office of former president reagan. mare rip bruce at the white house. >>> a driver tonight facing charges, accused of intentionallpio this police station. >>> an as stroild fly-by tonight. just how close to earth? >>> and the american scientists forming a human chain to save a dolphin. and you'll see it right here. america strong. >>> good evening and it's great to have you with us here on a thursday night. and we begin tonight with five former memphis police officers now charged with murder in the death of tyre nichols, after that traffic stop 19 days ago. at the center of this case now, their own body camera video of the traffic stop. tonight, the director of the tennessee bureau of investigation, after watching the recording, saying it's absolutely appalling. this was wrong, this was criminal. police chief c.j. davis calling it a failing of basic humanity. the five men seen in their police

we have jon and jerry here. you don't want to miss my takeaway losing faith and avoiding solutions that only aid the global elite. all that and so much more on "making money". ♪. charles: got to tell you it has been a blistering start to 2020 which has staged a rally that left many mouths agape especially among the expert class. experts are wondering if they blinked at the wrong time, those folks who sold coming into the year. most wall street pros are still looking for pressure on the market through the first half of the year. of course you have seen this analogy for the last year or two, 2008, 2009, it has been pretty much spot on. except right now we're starting to change a little bit. we're moving higher as we're supposed to be moving lower. do we want to go with this change? do we stick with this analog rather? here's the thing that has got a lot of people upset, especially the expert class, right? the stocks rallying big time, they keep saying this is the reason you should be cautious. in the last two we

jon karl tonight. >>> the national archives now asking former presidents and vice presidents and their offices to check their personal records for classified documents, going back to the personal office of former president reagan. mary bruce at the white house. >>> a driver tonight facing charges, accused of intentionally smashing his pickup right into this police station. >>> an asteroid fly-by tonight. just how close to earth? >>> and the american scientists forming a human chain to save a dolphin. and you'll see it right here. america strong. >>> good evening and it's great to have you with us here on a thursday night. and we begin tonight with five former memphis police officers now charged with murder in the death of tyre nichols, after that traffic stop 19 days ago. at the center of this case now, their own body camera video of the traffic stop. tonight, the director of the tennessee bureau of investigation, after watching the recording, saying it's absolutely appalling. this was wrong, this was criminal. police chief c.j. davis calling it a failing of basic humanity. the five me

marc siegel, the "new york post" jon levine. the new congress gears up investigation into the biden white house, collusion with big tech, fbi, intelligence and dr. fauci, censorship and more. those are the allegations. we have new details on biden phamly overseas deals profiting off the joe biden's government jobbing of. the report the president will cost taxpayers more money than expected to replenish the strategic oil supply he drained to a record low. thousands of nurses rattle health officials coast to coast. they go on strike in new york city as hospitals get hit by the double-whammy by the tripledemic and u.s. crime. i'm lid bet elizabeth macdonald, the "the evening edit" starts right now. welcome to the show, take a lech of your money, they ended mixed. there are fears about fed rate hikes and inflation. china though is reopening after its recent covid wave but we've got this layoffs in finance nearly doubled. they are up about 1/5 in real estate and big tech too. still this, new york fed survey, consumers expect inflatio