higher. it is the biggest gains in the early weeks of the ukraine war. shares in wework have slumped out of the office space provider raised doubts about its ability to survive as about its ability to survive as a going concern. at the close of trading on wednesday shares that down by 38% to just 12 cents valuing the company at $200 million. they were valued as much as $47 billion and a plan share sale in 2019 before concerns of heavy losses and lapses in court. rome watered down its plans for a windfall tax. 0n down its plans for a windfall tax. on monday night the italian government passed a 1—off italian government passed a i-off 40% italian government passed a 1—off 40% tax on the profits that banks earn from higher interest rates. there was a shock move that saw shares plummet. it said proceeds would be used to help mortgage holders. the finance ministry said the tax would be capped at just 0.1% of assets. coming up,
banks that hold assets and bonds, and we got a negative surprise from state street shares tumbled about 9% in that bank on the flip side charles schwab saw shares rally after its q1 result was not as bad as feared. taking all the banks yesterday into account we saw a drop in deposits across the board. but as i pointed out the stock movements were mixed so today's bank earnings could certainly drive some substantial stock moves as we've seen in yesterday's trade. >> so speaking of banks is apple trying to become one, because there's news now its credit card holders will be able to open savings accounts i could pairly work ampay on my phone, but what is this all about? >> well, john, this is apple delving deeper into the financial space. apple has teamed up with goldman sachs and they made this announcement back in october, but now they've actually launched it. they've got a savings product
similar stories. snapchat shares rocketed nearly 60% in extended trade yesterday after reporting results, and pinterest saw shares surge over 20% every both of the stocks got clobbered during the session yesterday. >> very different trajectories for amazon and meta. at least for now. and in a few hours, we're getting the january jobs report. and the white house haven't been too sut billion it, they expect it's not going to be great. a number of officials have been out there sort of preparing for that, even from the podium, the white house press secretary jen psaki said so. what are you anticipating, what should we expect to see in a couple of hours? >> it certainly seems like the white house is trying to manage expectations into today's nonfarm payrolls report. in terms of the number, consensus is look for 150,000 jobs, but in terms of the whisper number, which is something that we like to call the wall street expectations, some are expecting that we could even see jobs turn negative. so a weak report is widely
i'm seema mody with your cnbc market wrap. the markets end with modest losses. dow falls 22 points. s&p 500 losing 6. the nasdaq ending down by 4. weekly jobless krams dropped more than expected. hitting their lowest level since 2008. meanwhile, electric car maker tesla saw shares surge more than 20% after posting its first quarterly profit. and drug maker merck is the target of a $100 million sex discrimination lawsuit. shares finished little change. that's it from cnbc. first in business worldwide. now back to "hardball." sexual assault is an outrage. it is a crime. that's true for society at
>>shepard: this is "studio b" at the bottom the hour and time for the top of the news. rescue crews off the italian coast face major challenges as they try to fine the 16 people still reported missing from the crippled cruise ship. official are investigating the captain for the disaster and the company that owned the ship is accusing him of going off course in the shallow water. company is a subsidiary of carnival cruise which saw shares tumble 17 percent today in trading in london. u.s. markets are closed observing martin luther king day. carnival reports this could cost it nearly $100 million when all is said and done and we have been following the aspect of this. what could the impact have? >>reporter: it will be immediate, $100 million in payouts for liability. but, the carnival cruise is the top carrier in an industry that took in $34 billion last year. so, temporary hit consumer
well, andrew, as you just said, the uncertainty about japan has sent other markets in asia and set to take the toll on the markets here in europe and the u.s., as well. emily ruban has the latest on these numbers. it's pretty severe, isn't it? >> it is pretty severe. both closed down on monday. investors looked to lose their nerve. let's look to europe where the markets have been open for about 20 minutes. the ftse down, the dax down and the paris and zurich also down. yesterday saw shares down. they, of course, have close ties with nissan. and japan is a major consumer of luxury goods worldwide. in the uk, shares took a hit. and the u.s., uncertainty spread here on monday. the closing bell, they had recovered some of the losses from earlier in the session. shares in general electric, who