Markets Enter February, AT&T Slumps on Planned Dividend Cut and WarnerMedia Spin-off, UPS Leads Earnings Gainers and Tom Brady Announces Retirement

On the first trading day of February Carl Quintanilla, Jim Cramer and David Faber discussed what's ahead for the markets after a January to forget for the bulls. On the earnings front, shares of UPS surged on upbeat results, guidance and a 49% dividend hike -- while Exxon Mobil posted a mixed fourth quarter. David takes an in-depth look at AT&T: Shares fell sharply after the company announced plans to slash its dividend and spin off WarnerMedia after the Discovery deal closes. Also in focus: What to expect from Alphabet's earnings, the FTC to review Microsoft's planned $68.7 billion acquisition of Activision Blizzard, The New York Times buys popular online word game "Wordle" and seven-time Super Bowl champion Tom Brady announces his retirement from the NFL. Carl, Jim and David react to the Brady news and discuss how successful the season has been for the NFL.