now become evidence before a grand jury? plus, another investigation hitting close to home for the trump family as the january 6th committee seeks testimony from ivanka trump. the question is what do lawmakers want to know? and the biden administration will get another chance to warn russia against invading ukraine when secretary of state tony blinken meets with his russian counterpart at any moment now. the question is will the face-to-face ease rising tensions in europe? it's "way too early" for this. ♪♪ good morning and welcome to "way too early," the show that would never think about coasting into the weekend. i'm jonathan lemire on this friday, january 21st. we'll start with some breaking news. we're going to be following live pictures from geneva where any moment now secretary of state blinken is set to meet with his russian counterpart, foreign minister, sergey lavrov. we can see the setup in geneva with the flags. this comes as there's a continuing military buildup on the border with ukraine. the threat of conflict between those countries is very real, growing, and very dangerous. we'll be listening in to this high-stakes summit all morning and will bring you any updates as they happen. the negotiations come as president joe biden is clarifying his comments about a, quote, minor incursion, insisting that any russian troop movement inside ukraine will be considered an invasion. >> i've been absolutely clear with president putin. he has no misunderstanding if any, any assembled russian units move across the ukrainian border, that is an invasion. it will be met with severe and coordinated response. let there be no doubt at all. if putin makes this choice, russia will pay a heavy price. the clarification comes a day after sparked criticism nationally and internationally by suggesting that a minor incursion by moscow would lead to lesser consequences. the ukraiian president pushed back yesterday against biden's comments, saying, quote, we want to remind the great powers that there are no minor incursions and small nations, just a there are no minor casualties and little grief from the loss of loved ones. say this as the president of a great power. meanwhile the biden administration stressed assurance. this comes after president biden alluded to differences among nato allies and how to respond to russia. as i mentioned, blinken set to meet with russia's foreign minister in a few minutes. meanwhile there are u.s. sanctions against four officials who they say were helping the kremlin. joining us now to dig into this growing crisis, white house reporter for "the washington post," tyler pager. good morning, tyler. we're glad to see you as always as we look again at the live pictures from geneva. give us a sense -- there's lavrov right there -- give us a sense how the president's comments first from his press conference of the day saying a minor incursion might lead to a smaller response and his attempts to sort of clarify and clean up yesterday. what sort of impact do those comments have on ukraine, russia, but also our european allies. >> right. it's great to be with you this morning. as we've seen from president biden before throughout his political career, some clumsy language causing a minor uproar both domestically and abroad. in this case, those comments about a minor incursion spooking ukrainian partners there. you showed the tweet from the president zelensky there. and i think the point there being that this is a real divide and debate among nato allies about what to do if moscow decides to invade ukraine and what the scale and scope of that response would be. and biden just kind of said that out in the open. i think those are things they prefer to keep behind closed doors as they negotiate and debate among nato allies about how they would respond. i think ultimately that comment about the minor incursion was largely cleaned up. the white house and senior administration officials went on a full court press to show that biden misspoke a little bit and that they would -- did not want to insinuate that they would be permissive of any sort of renewed russian aggression into ukraine. but, again, look. you know, as joe biden said, as a candidate, the words of a president can matter. they can bring troops to war or to peace. this does not ultimately dictate what president putin does in moscow, but u.s. president biden said he expects moscow to invade ukraine, and so i think the meeting that we're watching these live scenes from geneva are incredibly high-stakes. these are some of the last diplomatic efforts on the u.s.'s behalf to find a diplomatic path out of the aggression we're seeing along the russia and ukrainian border. >> yeah. the president voiced that prediction, that putin would go in, a sort of stronger take as the administration officials head to that point. they say, yes, we think it's a very real possibility. with the minor incur, they were like, if they did a cyber attack, u.s. might do the same in kind. but biden said any troop movement would be considered an invasion. have we gotten moscow's reaction to that yet? >> look. i think moscow is, you know, continuing their stance that, you know, they're not trying to invade ukraine, downplaying any sort of military buildup as normal domestic national security efforts. they continue to say that that is not part of their plan. all nato and u.s. intelligence suggests otherwise, and so i think one of the fears is that biden's comments may make it easier for putin to invade. the u.s. has tried to be clear that they will respond with devastating sanctions even worse than what they applied on moscow after the annexation of crimea in 2014 and biden's comments suggesting that there's divide among nato allies about how they respond punctures the fact that they've been careful to present, but, you know, it doesn't tell the full story about the behind the scene sscenes-negotiation. that may make it harder for them to present a united front particularly with russia that looks and is very aware of everything that the president of the united states would say. >> we're seeing secretary of state blinken beginning his opening remarks there in geneva. we'll keep an eye on things as the show continues. tyler pager, we really appreciate your insight this morning. >> in another story, the select committee of january 6th is now requesting a meeting with ivanka trump. in a letter to trump's eldest daughter and former white house adviser, the committee chairman has evidence that ivanka was in the oval office on the morning of the capitol attack and observed a phone call between trump, her father, and the vice president mike presence in which the president tried to pressure pence to reject the election results. the committee chairman says the panel also wants to ask ivanka about testimony she was asked multiple times to persuade her father to intervene, including by senator lindsey graham, a close ally. the committee wants ivanka to clear up whether the president gave orders to deploy to the national guard. they pointed to her comments on the day of the attack in which she condemned the violence. the letter also details the scramble as the white house tried to figure out how president trump would respond to the violence unfurling at the capitol. the committee says it wants to know why white house staff didn't simply ask the president to go into the briefs room and appear on live television. general keith kellogg told the committee that staff believed a live unscripted appearance by the president would have made matters worse. the white house decided to release that prerecorded video in which the president never condemned the violence but did ask his supporters to leave the capitol. the committee says it has information that suggests that it took several takes for the president to urge his supporters to, quote, go home. a reminder, he also said he loved them. the panel is seeking the unused video clips from the national archives. "the washington post" has new information this morning that rudy giuliani spearheaded and coordinated the effort to convene and submit an alternate state of electors in the battleground states won by joe biden in the 2020 election. that's according to former campaign officials and party leaders who spoke to the paper on the condition of anonymity. the campaign scrambled to help ee lengths gain access to the capitol billing and to distribute draft language that would later be submitted the congress according to the former campaign officials and party leaders. the newspaper goes on to say this. the campaign also worked to find replacements for the electors who were unable to participate or unwilling. and the rival slates were leveraged as evidence in the last-ditch efforts to give vice president pence the ability to reject biden's victory when he presided over the electoral vote count. the january 6th select kplit tee subpoenaed giuliani earlier this week. he did not respond to messages from "the post," seeking comment, nor did the former president. a bit of sad news broke a few minutes ago. grammy award winner meat loaf has died at the age of 74. his death was announced in the bat out of hell facebook page. he was survived by his wife and loved ones with him at the time of death. his cause of death is not known. he had a career spanning six decades. he sold more than 100 million albums worldwide. he also appeared in 65 films including "fight club," "wayne's world," and "eddie." the statement from his family says, quote, we know how much he meant to you and we appreciate the support. from his heart to your souls, don't ever stop rocking, r.i.p., meat loaf. still ahead, democrats are hoping to work on the build back better plan. so where does senator joe manchin stand on this possible new approach? plus, it's payday for new york city mayor eric adams. his plan for the paycheck just ahead. those stories and a check on the weather when we come right back. e weather when we come right back. are you tired of clean clothes that just don't smell clean? downy unstopables in-wash scent boosters keep your laundry smelling fresh way longer than detergent alone. if you want laundry to smell fresh for weeks, make sure you have downy unstopables in-wash scent boosters. my asthma felt anything but normal. ♪ ♪ it was time for a nunormal with nucala. nucala reduces asthma attacks it's a once-monthly add-on treatment for severe eosinophilic asthma. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occured. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your asthma specialist about a nunormal with nucala. entresto is the number one heart failure brand prescribed by cardiologists and has helped over one million people. it was proven superior at helping people stay alive and out of the hospital. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor about entresto. age is just a number. and mine's unlisted. try boost® high protein with 20 grams of protein for muscle health. versus 16 grams in ensure high protein. boost® high protein also has key nutrients for immune support. boost® high protein. as a business owner, your bottom line boost® high protein also is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable nationwide network. with no line activation fees or term contracts... saving you up to $500 a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business: powering possibilities. a new cdc study suggests booster shots are keeping older americans out of the hospital. the new findings show that unvaccinated americans that are 50 years and older are sig nif can'tly more likely to be hospitalized with covid-19 compared to those who are fully vaccinated and receive a booster shot. the data also shows older adults who are unvaccinated are still 17 times more likely to be hospitalized than those who are vaccinated without the booster. get your vaccinations. even better, get your booster. the white house meanwhile is changing its strategy on build back better now stating that it will not pass the senate in one large bill. >> it's clear to me that we're going to have to probably break it up. i'm nothing going to negotiate it myself as to what should and should. be in the package. i think we should break it up, get as much as we can, and fight for the rest later. that was at the president's wednesday news conference. in response senator joe manchin said yesterday any revival of build back better would be, quote, starting from scratch. he said, we're going to start with a clean sheet of paper and start over, manchin told reporters, adding he does not have talks scheduled with the white house. the sound of reporters hitting their heads against their desks. nancy pelosi also said build back better is going to need a serious update if it's going to pass. she did agree it will end up being smaller. >> well, let me just say, "chunks" is an interesting word. what the president calls chunks, i would hope would be a major bill going forward. it may be more limited, but it is still significant. a bipartisan group of senators is moving forward with an effort to update the 1887 senator count act. joe manchin is teaming with republican susan collins of maine to discuss overhauling the law and protecting election workers, but the white house is making clear this does not make up for the voting rights bill that famed in the senate earlier this week. >> we've never been against it. we have always wanted to be clear it was not a substitute for voting rights legislation, which some, i think, were attempting to project. >> be certainly the president is open to, engaging with, talking with, as we are, even though it's not a substitute, republicans and others were interested in moving forward. >> updating the act is perceiving as an important election safeguarding in part to prevent the possible coup vice president pence refused to participate in january 6th, 2021. we'll keep you posted on that. still ahead, an important update on team usa two weeks from the start of the winter olympics in beijing. plus, a computer calling balls and strikes? it's happening this season. where we'll see robot omps. we could have used one in the red sox als last year, not that i'm bitter. "way too early" is coming right back with sports. m bitter "way too early" is coming right "way too early" is coming right back with sportsady♪ ♪are you ready♪ ordinary tissues burn when theo blows. so puffs plus lotion rescued his nose. with up to 50% more lotion, puffs bring soothing relief. a nose in need deserves puffs indeed. america's #1 lotion tissue. [♪♪] if you have diabetes, it's important to have confidence in the nutritional drink you choose. try boost glucose control®. it's clinically shown to help manage blood sugar levels and contains high quality protein to help manage hunger and support muscle health. try boost® today. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. find your rhythm. your happy place. find your breaking point. then break it. every emergen-c gives you a potent blend of nutrients so you can emerge your best with emergen-c. galloway inbound, phen see lets it go from deep. now a chance at the free-throw line to extend the lead and he's got one. five seconds left. no time out. ivy with two. stepback, three, no good! bedlam in bloomington. number 4 goes down. >> that almost went in, but indiana outlasts fourth ranked purdue, upsetting the boilermakers, 68-65 last night. the victory marks hoosiers' first in nine meetings. that dates back to 2019. now let's go to melbourne for some tennis at the australian open. when we left yesterday morning, daniil medvedev was up two sets in his second round match. medvedev went on to close it out and he remains on track for back-to-back grand slam titles following his u.s. open breakthrough which prevented novak djokovic from winning the grand slam. djokovic, of course, not participating this year's australian open. you may have heard about that. meanwhile sixth seed rafael nadal seeks to extend his bid for men's record 21st grand slam tight. on the women's side, number 13 seed naomi osaka is battling an american in a third set while ash bharti racked up a win. meanwhile emma raducanu fell in three sets yesterday during the second round. and french open champ barbora krejcikova advanced the fourth round in melbourne for a fourth time setting up a class against aussie champ azarenka. while the pandemic remains a major factor for successful winter games, the u.s. olympic teams' top doctor says all teams are fully vaccinated and not a single one of them asked for a medical exemption. that's good stuff. all athletes vaccinated. the major league baseball players association is ready to make its counteroffer to management. the union asked the league to schedule an in-person negotiating session for monday 11 days after the clubs gave the union a proposal when negotiations resumed following a tortious break since their first work stoppage in 1995. they're running out of time. the real deadline's opening day, march 31st. a slightly abbreviated spring training? we can do. that can't miss regular season games. >> meanwhile baseball can have a different contingency plan for placing officials on the field as robotic umpires are getting a promotion this season. baseball is expanding its robot umpire experiment to aaa as it includes seasonal employees to operate the system for at least 11a aa team this year. the independent atlantic league became the first league to let a computer call balls and strikes at its all-star game back in july of 2019. finally the divisional round of the nfl playoffs kicks off tomorrow. this weekend's matchups will decide the four teams competing in the two conference championships the following sunday. good games tomorrow -- this weekend. don't worry. we'll have all the highlights monday morning right here on "way too early." now it's time for the weather. bill karins, you're always a highlight when we go to you. what does it look like out there for this winter weekend? >> it's interesting. obviously the green bay game, you're thinking, it could be like snow or really, really frigid. it looks to be in the 20s with windchills probably around 10 to 12. cold, but not like the ice bowl game or anything like that. as far as the weather concerns, south texas has got some icy weather out there this morning. we have winter weather alerts from victoria to brownsville. we also have them from baton rouge to mobile. this cold arctic air is down to the gulf coast to the southeast. 18 million people impacted. not too bad in the carolinas. later on in to today and tonight, that's where we expect the worst for you. there have been reports of sleet around baton rouge this morning and freezing rain and slight mixed in near corpus christi. as far as the power outages goes, the biggest concern is coastal carolina to myrtle pitch, os low county, camp lejeune area and areas from north carolina and raleigh and virginia beach could get 1 to 2 inches of snow. this could be later tonight and tomorrow. guess what? this is cold. 66 million of us, jonathan, are at windchills of at or below zero. overall the weekend doesn't have a lot of bad weather once we get out of the the cold. a little snow to track through the ohio valley through sunday. overall, a typical cold weekend to enjoy. >> that sounds okay to me. bill karins, thank you, pal. have a great weekend. still ahead, a look at the lessons learned this week as president biden faces challenges here and abroad. plus a district attorney in the atlanta area is investigating possible election interference by former president trump. she wants to convene a special grand jury. before you go, we want to know why you're awake. email your reasons to [email protected] or #me at ##waytooearly. we'll read a few of our favorite answers later in the show. a fee a fee answers later in the show. i really should be retired by now. wish i'd invested when i had the chance... to the moon! ugh. unbelievable. (man 1 vo) i'm living with cll and thanks to imbruvica (man 2 vo) i'm living longer. (vo) imbruvica is a prescription medicine for adults with cll or chronic lymphocytic leukemia. imbruvica is not chemotherapy- it's the #1 prescribed oral therapy for cll, proven to help people live longer. imbruvica can cause serious side effects, which may lead to death. bleeding problems are common and may increase with blood thinners. serious infections with symptoms like fevers, chills, weakness or confusion and severe decrease in blood counts can happen. heart rhythm problems and heart failure may occur especially in people with increased risk of heart disease, infection, or past heart rhythm problems. new or worsening high blood pressure, new cancers, and tumor lysis that can result in kidney failure, irregular heartbeat, and seizure can occur. diarrhea commonly occurs. drink plenty of fluids. tell your doctor if you experience signs of bleeding, infection, heart problems, persistent diarrhea or any other side effects. (man 2 vo) i am living longer with imbruvica. (vo) ask your doctor if it's right for you. learn how we could help you save on imbruvica. hi, my name is cherrie. (vi'm 76 and i live aon the oregon coast.'s right for you. my husband, sam, we've been married 53 years. we love to walk on the beach. i have two daughters and then two granddaughters. i noticed that memories were not there like they were when i was much younger. since taking prevagen, my memory has gotten better and it's like the puzzle pieces have all been [click] put together. prevagen. healthier brain. better life. early." it's just after 5:30 a.m. on the east coast, 2:30 out west. i'm jonathan lemire. it's friday, so here on "way too early" that means we took a look at the lessons learned this past week, and, perhaps, one thing we picked up, there's no such thing as a manor incursion in eastern europe. president biden is facing challenges on the foreign policy front and here at home as his push for voting rights and expansion of infrastructure faces serious opposition of republicans and a corner of his own party. joining us now for our lessons learned segment, contributing editor for "the daily beast," moll. john fast and columnist john nichols. we're so pleased you're both with us today. tom, let's start with russia. we've been keeping an eye on the talks in geneva between blinken and lavrov, but what lessons has biden picked up as to perhaps previous russian aggression as to how to deal with aggression of a bully like putin? >> i think one thing the president is learning all over again is when presidents talk, words matter. had a long stretch where a president's words didn't mean very much and didn't have a whole lot of content, and the president has learned a lesson that he is, in fact, the leader of the free world and the allies look at him and the russians pay attention to what he says for good or ill, so i think the burden of leadership has returned to the shoulders of the american president, and i think that's crashed in on biden who has a long history of dealing with foreign policy, but i think that reality has crashed in on him in the past weeks, probably beginning with the withdrawal from afghanistan, but now facing the potential possibility of major war in the middle of europe. >> so, molly, let's shift to issues back here at home. we heard from senator bernie sanders, independent from vermont, that he would support a primary challenge against the two democratic senators who have been a thorn in the sides of both the president's agenda, in particular voting rights, of course, manchin and sinema. talk to us about that idea and also will these divisions we're seeing among democrats, could that make it easier for republicans to win back the senate this fall? >> well, a primary challenge against manchin is kind of a joke because that's a state that trump won by 65%. so you're not going to have a democrat that's going to win that who's not named joe manchin. i think that's the reality there. sinema, i think, there's a very likely scenario that you have a challenge there because that's a blueing state. right now her favorability is 8%, which i have never heard of. i think it's very possible. look, there's definitely division with democrats. there's a problem with the filibuster. you know, there's a lot of interoffice drama. i think it could -- i mean like democrats still have a year until the midterms, and if they get control of messaging and they focus on what people are interested in, these kitchen table issues, and they run on a bold agenda, they could turn it around. so i hope so. >> so obviously, tom, any discussion of the vote right now has to include former president donald trump and his efforts to continue to undermine the faith that americans can have in the balloting process, the most sacred part of our democracy. what is your current assessment about the danger level that we all face due to what he is doing? >> i think we've never had a situation like this where a president out of office is continuing to attack the legitimacy of the basic processes of the constitution of the united states, and so the danger is incredible because he's -- this is going to result in more violence no matter how the election goes because trump's going to declare somehow that it's not fair, and we've seen what happens when that happens, unless somehow he is -- if he runs, if he's returned to office. but i think he's already planted the idea that no matter what happens, the votes are rigged, and so i think we're headed -- especially with the republicans likely to take the house and perhaps the senate in '22 and then a tough fight for joe biden in '24, i think we're facing potentially the end of what we think of as american democracy now. i mean i really think it's that dire, and i think the threat from trump and the republicans who enable him has become that existential to the united states. >> let me put the question to you, molly. what you do think? do you think what tom said that a democracy is necessary on the ballot for this november? >> oh, yeah. i think a lot of people who study, you know, the fall of democracy can point to numerous moments in the last couple of years that have looked really dire and ominous. and, yeah, for sure. look, even when, you know, during that presser, biden said he was a little bit worried about how it would go in these midterm elections because all of these states have done -- made it like 16 -- 13 or 16 states have made it harder for people to vote. so a lot of these republicans on the state level have sort of doubled down on trumpism and turned away from democracy, and i think it's really worrying, and it's already a question. and you have these secretaries of state who have said that they care more about trump and keeping trump in office than they do about fairness or about what really happened. so i think, yes, we have one party that's completely against democracy, and we have another party, and you can't have a two-party system where one party doesn't believe in the fundamental premise of the whole thing. so, yeah, i think it's really scary. >> white house press secretary jen psaki clarified yesterday what the president said in that news conference saying, look, he does believe americans can have faith in the vote totals in november, but expressing, worry, molly, about what you said about what the state legislatures have done to change the process. guys, this is a wonderful conversation. we would love to have you both back soon. have a great weekend to you both. still ahead, we're going live to cnbc for what's driving the markets ahead of the opening bell. plus, peloton made a ton of money at the start of the pandemic. now, not is much. the latest news for the bike and treadmaker. "way too early" is l be back in just a minute. dmaker "way too early" is l be back in just a minute. tums vs. mozzarella stick when heartburn hits, fight back fast with tums chewy bites. fast heartburn relief in every bite. crunchy outside, chewy inside. ♪ tums, tums, tums, tums ♪ tums chewy bites (burke) with farmers auto multi-policy discount, the more policies you have with us, the more you could save on your auto insurance. (man) hey, hon! (wife) hi, honey! (man) like what? (burke) well, you'd get a discount for insuring your jet skis... and boat...rv...life... ...home and more. you could save up to forty-five percent. (man) that's a whole lot of discounts. (burke) well, we offer coverage for a whole lot of things, and you could save a whole lot of something with farmers policy perks. (kid) sup, dad! (burke) seventeen-car garage you got there? ♪we are farmers♪ ♪bum-pa-dum, bum-bum-bum-bum♪ looking to get back in your type 2 diabetes zone? once-weekly ozempic® can help. ♪ oh, oh, oh, ozempic®! ♪ ♪ oh, oh, oh ♪ ozempic® is proven to lower a1c. most people who took ozempic® reached an a1c under 7 and maintained it. and you may lose weight. adults lost on average up to 12 pounds. in adults also with known heart disease, ozempic® lowers the risk of major cardiovascular events such as heart attack, stroke, or death. ozempic® helped me get back in my type 2 diabetes zone. ozempic® isn't for people with type 1 diabetes. don't share needles or pens, or reuse needles. don't take ozempic® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop ozempic® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. tell your provider about vision problems or changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. looking to get back in your type 2 diabetes zone? ask your health care provider today about once-weekly ozempic®. ♪ oh, oh, oh, ozempic®! ♪ you may pay as little as $25 for a 3-month prescription. (vo) this year, t-mobile for business is here to help you hit the ground running. when you switch to t-mobile and bring your own device, we'll pay off your phone up to $800. you can keep your phone. keep your number. and get your employees connected on the largest and fastest 5g network. plus, we give you $200 in facebook ads on us! so you can reach more customers, create more opportunities, and make this the best year for your business yet. visit your local t-mobile store today. today marks new york city mayor eric adams first payday in office, and in another unconventional move for the new mayor, he'll convert his pay into cryptocurrencies. adams' office announced his pay will go into a coin-based account where it will then be converted into ethereum and bitcoin. under federal law it's illegal for the city to pay anyone cryptocurrency, but any work paid in u.s. dollars is free to convert to crypto. there you go. house speaker nancy pelosi, meanwhile, has suggested she's open to legislation that would ban stockmarket trading for members of congress. during her meeting yesterday she said she does trust lawmakers but would back a ban if it gained support from the caucus. it comes over a bipartisan rules to permit a ban. this comes after there was talk that members of families should be allowed to trade. speaking of stocks, it's time for business. for that let's bring in cnbc's julianna tatelbaum who joins us live as always from london. good to see you. wall street has continued to struggle so far this year with an environment featuring a rising interest rate. what's the state right now of global markets? >> well, jonathan, we're seeing this unusual pattern in u.s. markets right now where they've been starting out the day pretty steady, and then into the close, we've seen heavy selling. yesterday, to give you an example, we saw the s&p 500 up more than 1% at one stage, but ultimately it closed down 1.1%. the s&p 500 is now on track for its third consecutive weekly decline for the first time since september 2020. so it's been a pretty difficult period if you are long in the market. the story was worse for tech stocks yesterday and it got even worse after hours we saw netflix shares plunge after they delivered their earnings. effectively lots of jitters around inflation and the outlook for monetary policy with regard to what the federal reserve is going to do and in particular investors are grappling with what to do with those u.s. tech stocks that have performed so well over the last several years. >> i saw a lot of buzz about this next story yesterday. netflix, which is reported lower than projected subscriber predictions for the final quarter of 2021. they seemed to take a hit. what can investors expect from netflix this year? >> well, you can say that again, jonathan. shares were down around 20% in after hours yesterday after the company delivered these numbers, and effectively it is all about the outlook. netflix said for the first quart ore thf year it expects to add 2.5 million subscribers compared to the 3.89 million it added in q1, 2021. analysts had more optimistic expectations going in. some of them expected to add nearly 7 million for the first quarter. why are they forecasting lower subscriber growth than anticipated? well, number one, they say the content they're going to add is going to be more back end loaded, so that's one factor. some big premieres set for march. but the second, perhaps, bigger factor is competition with netflix saying increased competition was, in fact, one factor that's weighing on subscriber growth numbers. the reality is the jury is still out as to how many of these streaming giants will survive and who those survivors will be. >> peloton, of course, had a lot of success at the beginning of the pandemic. it seems less so of late, but that you're pushing back on a report that it plans to temporarily stop production of its bikes and treadmills. what can you tell us about this? >> this story got a huge amount of attention yesterday we go a scoop out of the u.s. cnbc team yesterday that the company plans to temporarily halt bike and treadmill production. effectively peloton has so much inventory on hand and there's not enough demand to warrant further production according to documents obtained by cnbc. the dpaep said in a confidential meeting it has seen a significant reduction in demand. jonathan, you mentioned the company's pushback. the company says the report is false and incomplete and not reflect irv of pet on the's strategy, but one thing is clear. the company is under some duress in having to reset their strategy, reset their production goals. and along with what we heard from netflix yesterday, this demonstrates the difficulty that management teams are facing in predicting consumer demand as we emerge from the pandemic and move through the next phases. >> yeah. big story lines to follow, not just about the individual companies but industries at large. cnbc's julianna tatelbaum live from london. have a great weekend. still ahead, an update from the select committee investigating the capitol attack, including possible action against three sitting members of congress. action against three sitting action against three sitting members cofongress. and we need more time. so, we want kisqali. women are living longer than ever before with kisqali when taken with an aromatase inhibitor or fulvestrant in postmenopausal women with hr+, her2- metastatic breast cancer. kisqali is a pill that's significantly more effective at delaying disease progression versus an aromatase inhibitor or fulvestrant alone. kisqali can cause lung problems, or an abnormal heartbeat, which can lead to death. it can cause serious skin reactions, liver problems, and low white blood cell counts that may result in severe infections. tell your doctor right away if you have new or worsening symptoms, including breathing problems, cough, chest pain, a change in your heartbeat, dizziness, yellowing of the skin or eyes, dark urine, tiredness, loss of appetite, abdomen pain, bleeding, bruising, fever, chills or other symptoms of an infection, a severe or worsening rash, are or plan to become pregnant, or breastfeeding. avoid grapefruit during treatment. ask your doctor about living longer with kisqali. my asthma felt anything but normal. ♪ ♪ it was time for a nunormal with nucala. nucala reduces asthma attacks it's a once-monthly add-on treatment for severe eosinophilic asthma. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occured. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache, injection site reactions, back pain, and fatigue. ask your asthma specialist about a nunormal with nucala. the january 6th select committee received 4 pages of trump's white house documents and 400 is on the way. what were in the pages and when the next batch is expected? when asked, he confirmed the committee will post it for the public after the terms are permissible to release. thompson says the committee held a meeting yesterday and discussed options. the district attorney in georgia's largest county is requesting a special grand jury to aid her investigation into possible 2020 election interference by former president trump and others. d.a. willis asked for assistance and any coordinated attempt to unlawfully -- a grand jury would have the power to issue subpoena. in a recent interview of the associated press, willis says the investigation includes and that now infamous phone call when trump asked raffensberger to find the votes needed to overturn the election votes in that state. a conversation between reffensberger and lindsey graham. a grand jury requests the da cites an interview with raffensperger on nbc news. he echoes that again on fox news last night. >> obviously we'll follow the law and come before the grand jury and testify. >> the former president meanwhile is denying any wrong doing. in a statement released yesterday, he claims his phone call with raffensperger was more perfect than the ukraine president. that will phone call got him impeached. we'll answer the question we posted to all of you earlier. matt is up for an early morning swim in a steaming autodoor pool. wow, that's gorgeous. >> look at that. jeannie in new york is up early because it is cold, as in negative 24 degrees cold. it is chilly in washington but it is not minus 24. it would be hard to play a football game in that. >> chris e-mails, i am up early to watch you handle tennis players' names. warner wolf, if you can't pronounce the names, the match never happened. i got a text from our friend and colleague who made a similar observation. i don't want to root against players whose names are tough. i am working on it and we certainly appreciate you chiming in. of course, our friend, michael steele tweets this. i am up way too early to watch my friend tom nichols and i am doing "morning joe" in ten minutes. >> that's the tease, we are cutting live for michael steele, he's up and early. up next for one big thing, a look back at the one year of the biden's administration and how it marks as a wake up call. we'll have the latest on russia's potential invasion of ukraine as well as the shortfalls on capitol hill. we'll talk about the flurry investigations signature rounding the former president and his family. a jam packed "morning joe" in just a few minutes away. a jam p a jam p just a few minutes away. serious allergic reactions may occur. tremfya® may increase your risk of infections and lower your ability to fight them. tell your doctor if you have an infection or symptoms or if you had a vaccine or plan to. emerge tremfyant® with tremfya®... ask you doctor about tremfya® today. do i need to pretreat my laundry? nope! with tide pods, you don't need to worry. the pre-treaters are built in. tide pods dissolve even when the water is freezing. nice! if it's got to be clean, it's got to be tide. ♪3, 4♪ ♪ ♪hey♪ ♪ ♪are you ready for me♪ ♪are you ready♪ ♪are you ready♪ ♪♪ joining us now to look at axios am. tell us what's axios one big thing today? alexi mccammond. >> president biden wants to see child care included the next couple of weeks and months. that matters as you know because negotiations have been going on for weeks. president biden signals those things may be on the chopping block. those are progressive priorities spoke on the hill and outside really want to be included. as you know john klain is the liaison between the white house's progressive. >> it is a good scoop there. the biden administration is considering a new vaccine mandate. we know they had a lot of them struck down. klain acknowledged it was a major setback. tell us about the new major mandate, who it is for and how it works? >> the white house is considering vaccine mandates for migrant children for ages 5 and up. they have been offering vccines in immigration children in i.c.e. centers so far. this is the first time we hear the white house not just offering but requiring folks, children who are crossing the border are incentivized to receive the vaccines while we wait for their hearing. those we know who are continuing to come over even in despite of the pandemic. >> i encourage all of you watching to read more about this and a lot of great stories on axios today. alexi, have a wonderful weekend. let me thank all of you for watching today and getting up early all week long. have a wonderful weekend, "morning joe" starts right now. >> you know people blaming the old songs and beethoven piece. i don't make them apart of me and i don't have my picture on my cover. when you listen so it, i am singing only to you. it is your story and your life, i am not involved in it. anybody listening, if you want to cover up my name on the album, go for it and write your record. meet loaf, the grammy award winner and actor has died at the age of 74. he sold more than 100 million albums worldwide. he appeared in 65 films including just a really iconic, iconic character in "fight