to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm seema mody in for sara eisen. let's check on global markets. another record setting day for wall street with the dow, s&p 500 and nasdaq hitting new record highs the dow failing to close at that level, breaking a four-day winning streak look at where futures are setting up for today's trade dow up 36 points nasdaq higher by 9 s&p 500 is higher by 1 point in premarket trade. look at the bond market. we were trading at 2.5%, the ten-year yield, right below that level. certainly something to watch in today's trade. >>> the bank of japan trimming the bond buying program. we had a little bit of data out of japan real wages rose 0.1%, expected to decline 0.1%. so flirtation with signs of inflation coming back. the nikkei is up 0.6%. mainly gains in asia, not as strong as last week. european trade for you, positive, slightly less than half a percent of gains. not anymore. italy and france extending early gains. germany, the ftse 100 up a bit less than that >> intere

eastern time that's when we rolled out that dollar comment on cnbc pretty huge intraday market. >> it was. >> clearly whether steve mnuchin's comments were taken at face value or misinterpreted, they took it as stepping away from a decades old policy of a stronger dollar. president trump drawing a line under that very loud and clear, and we saw a move back to the weaker dollar today. which shows the other fundamentals at play here. a clear massive intraday swing the other thing is that was a big swipe to the treasury secretary, i think >> it was. >> people shouldn't be talking about it it's me. >> that kleiline even though we shouldn't be talking about it, i am going to. >> on that note, in terms of members of his team, clearly when he was talking about tpp there, nafta, he said lig lighthauser, he didn't mention secretary ross the tpp thing, that's a huge piece of news if they are reconsidering it to put that in contrast of the president's optimism, it will be much harder for the united states if they want to renegotiate to join something that's already gone ahead with lots of other

phil lebeau, cnbc business news, ft. worth, texas >>> another big u.s. corporate story, the starbucks stock price lost steam in after hours trade last night after the coffee giant disappointed on revenue in the fourth quarter same-store sales missed forecast as well as the company aimed to roll out higher end offerings. all of the regions were weaker than expected and starbucks' special festive period drinks failed to impress customers. but china was a bright spot showing robust growth. >>> intel shares rose sharply in after hours trade following results that beat expectations in the fourth quarter. >> intel reporting eps of 1.08 on revenue that jumped to 17.1 billion. the street was looking for about $16.3 billion. gross margin, kelly, 64.8% the company announced a 10% increase to its dividend the data center group, chips for servers used by cloud junts, clo giants clocked in at 5.6 billion. christopher roland said that number stood out to him, better than expected and demonstrating pricing power in the quarter which he chalks up to the new platform cal

joining me on the cnbc news line is daniel ernst. daniel, extraordinary performance again from netflix subscriber growth did not just tick up, it accelerated, that's despite some price increases during the quarter that was the big surprise in the earnings, was it not >> yeah. they added about 8 million subscribers in the quarter alone. estimates were for around 6 million on a global basis. and last year this time they added 7 million. so it's an acceleration of the growth you don't often see that they have 11 million subscribers around the world there's no other network, television network that has a global reach like that netflix's customers are there with them. they have a relationship with customers. there was almost no volatility in the stock around the price increase i think people realized how sticky this business has become. the way i looked at it was is there any other service that you use, whether it's your mortgage, whether it's your car, whether it's your cable tv, any other service you could think of that actually earns t

. >>> and the uae oil minister tells cnbc that opec measures are bearing fruit. >> opec is committed to what they have decided when we meet in november, which to continue this deal for a full year. the market is balancing. this is what we have been saying >>> good morning we're about one hour into the trading session. it's thursday. as you can see, the picture bemib behind me is not looking that positive the split between red and green for europe for the first day in six days, u.s. equities came off their highs. the opening picture for europe is pointing to slightly weaker start to the day just below that flat line. let's get into some of the individual markets uk has a very big earnings day as far as retailers. tesco came out, house of frazier. whale get into tho we'll get into those stories in more detail. ftse 100 is holding up compared to the xetra dax which is down fractionally cac and ftse mib having a good day. we will get the ecb minutes this morning. whether we get more clues on the ecb's thinking from here or if the hawks come out more, we'll have to find out let's see what

cnbc reporter/running davos. >> and all the exclusives on cnbc modi would have joined us as well >>> what else is on the agenda today? the ecb announces its decision at 7:45 a.m. eastern time followed by mario draghi's news conference in the u.s., look for weekly jobless claims and december home sale sales. >> in corporate news, south korea's lg electronics will hike prices on most washing machines sold in the united states. this comes after the trump administration announced steep tariffs this week on washers and solar panels lg has been anticipating the move and is building a factory in tennessee that could open this year. the company is warning u.s. protectionism will likely increase lg reporting fourth quarter earnings today it swung to a profit lg's u.s. rival whirlpool reported slower revenue growth in the fourth quarter. they say price hikes were offset by rising raw material calls. >>> shares of daj iageo posted upbeat earnings. landon dowdy has more. >> shares are moving higher on better-than-expected earnings. the spirits company beating on the top and bottom lines reportin

welcome to "worldwide exchange" on cnbc. i'm wilfred frost. let's get to the global market picture. we are seeing futures decline over 100 point for the dow about 120 points the s&p is down 8. the nasdaq down 29, 30 points. just over a half percent for the dow. less than half a percent for the s&p and nasdaq this comes off 0.6% declines yesterday. the nasdaq has now declined three days out of four while yesterday he was saying all 11 sectors of the s&p were liar last week, yesterday all 11 sectors of the s&p were lower. but let's put this slight decline yesterday and this morning into perspective we're still up 7% to 8% month to date for january one of the best starts to a year since 1970 a bit of a pullback yesterday is in perspective we are continuing that selling momentum one of the factors yesterday people pointed to was rising yields the ten-year hitting a three-year high. we have come back off that today. maybe that is a reason markets can find impetus during the course of the session. 2.69 on the ten-year note. asian

it's a big one cnbc's meg tirrell is there. she's been covering the event all week she joins us now with an exclusive interview with john milligan, the ceo of gilead. meg? >> reporter: bill, thanks so much john, thanks for being here. >> thanks for having me, meg. >> reporter: gilead's stock is moving big in the green direction after your presentation yesterday one of the things you said for 2018 is a key focus is m&a and building the pipeline. does tax reform change the size and the nature of what you're looking at there >> well, first of all, i think tax reform is very good for us i think it's very good for the economy and for companies like gilead, which allows us to flpln long term. as you know, our businesses are a very long-term cycle of approvals of our drugs in terms of order, it real i will doesn't change anything i talked to you last year, talked about how m&a was important to replenish the pipeline and still intend to invest in m&a, tend to invest in our pipeline and compounds going forward to broaden our pipeline fo

welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen andrew ross sorkin is off today. even after yesterday's big gains and everything we've seen since the beginning of the trading year, dow futures are indicated up by triple dij jigits once ag. s&p futures up by 8 points the nasdaq up by 17 points just listen to some of these records. yesterday the dow, the s&p 500, the nasdaq, the dow transports, the russell 2000 all posted record closing highs the nasdaq is on track for its best monthly gain since july of 2016 the s&p 500 is at its biggest monthly gain since last february the s&p and nasdaq have risen seven of the last eight trading days if you were waiting for things to slow down, you are still waiting. triple digit gains for the dow already this morning overnight in asia there were gains this came after the strength yesterday with the dow up 200 points. the hang seng was up by 1% shanghai was up by 0.1%. the nikkei did give back some ground in europe this morning, there are some green arrows acr

pilgrim's pride down 5.5%. >> thyime for a cnbc news updat sue? >> reporter: the third and final sentencing for larry nassar, he faces three more charges stemming from sexual abuse in an elite gymnastics club. >> the statements will be read here, the number stands at 65. i do expect that number may change, but that's the current number we are at as of this moment >> reporter: despite a long decline in cigarette smoking, a new report from the american cancer society found people with less education and those making less money continue to have high smoking rates. nearly 25% of native americans and alaska natives are smokers, the highest of any ethnic or racial group hostess brands offers bonuses and free snacks to its workers after the tax overhaul it's a one time payment of $1250, and $750, and twinkies. that's the news updates this hours. and cup cakes. >> exactly you missed the whole point >> that's it >> that dividend thank you very much. >> you got it. >>> see you next hour. janet yellen wrapped up her final committee meeting. let's get to stev

. ♪ >>> good morning, very warm welcome to "worldwide exchange" on cnbc i'm wilfred frost. >> i'm courtney reagan in for sara eisen it's nice to be here even if it's a government shutdown kind of monday. >> it's a shutdown kind of monday nonetheless we continue. let's have a look at what the markets are doing this morning a decent look in the end we're basically 1% down from the weekend. volatility on the most of the banks, management alluded to during the course of their reporting season but we're looking at a bit of a decline in the premarket down 64 points for the dow nasdaq 4 and the ten-year ended last week at 2.66 having started the week at 2.55. a big move, just below that. 2.654. we've seen a big move in the 12 year basically stayed flat at ten-year highs a steepening of the curve. what did it mean for the dollar. and it's moving higher as well we did see a 30 of a percent decline for the dollar index the dollar index, the fifth negative week in a row for the dollar it starts weak again today down about 0.24% and this week, we do have a ucb meeting and a bank of japan meeting as we

exchange" on cnbc. ♪ >>> good morning, a very warm welcome back to "worldwide exchange" on cnbc. i'm wilfred frost. >> and i'm courtney reagan in for sara eisen today, we're playing songs from the big winners from last night's grammy awards. this is ed sheeran's new song from the album "divide." probably one of the ones that didn't go to bruno mars let's take a look at global markets. take a look at futures which are indicating a slightly lower average. the dow jones off 35 points and the nasdaq 24 points friday in the day, new record highs for the dow, s&p and nasdaq also up for the fourth straight week for all of those averages so, so far, it's been a banner year for the bulls take a look what's going on on the yields for the ten-year. we're at 2.7 earlier in the session. still holding there, 2.71 for the ten-year that started ticking higher after the slightly disappointing gdp number on friday >>> and asia markets for you, hong kong, could end up 10.7 today. giving up half a percent or so today. bu

that's the cnbc news update at this hour. back to you folks. >> thank you, ty see you later. >> tyler, thank you. >>> let's see, how about a quick check of the markets dow is up 103. s&p slightly lower transports down 182. weakness in trains and airplanes there as we head into the close. >> and i apologize for talking over the two-box again >>> joining our "closing bell" exchange right now, here at post nine, chris with region atlantic, he's the chief investment officer there peter costa of empire executions is the president of said company. east at post nine as well. rick santelli holds no executive positions at the cme in chicago. thank you for joining us today chris, i'm going to start with you, the dollar. there was a time when, you know, you could -- all things went back to the dollar, you know, whether it was a move in interest rates or the equity market or gold or whatever it is is that still the case right now in your view bearing in mind what the president said today about wanting a stronger dollar. >> the dollar is

e-mail the show, streetsignseurope@cnbc.com as ever, you can follow us on twitter, streetsignseurope@cnbc or tweed me cnbcjou. >>> coming up, shg, the ecb rate setter hints at the end of quantitative easing. more when we come backr your h so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. . >>> welcome back to "street signs. it's the second trading day of the year and mifid ii day. not a lot of focus just on mifid ii but on the u.s. dollar which continues its downward trend we've seen that over the last couple of months in front of me, if you look at that, cable for example, many of them are trading at the highest crosses since last september, which tells you that the dollar transfer now appears to be intact and it's in a downward trend in line of what we saw with q4 last year. so no respite for the u.s. dollar here and raises a few questions about the direction of euro/dollar from here

i'm joumanna bercetche >> i'm willem marx these are your headlines >> the santander chairman tells cnbc she's encouraged by president trump's policies despite taking a one-off charge in the u.s. unit in the bank's fourth quarter earnings. >> i look at actions, not words. the actions so far are good for the economy. we are encouraged with the new administration's appointment on the financial side the u.s. is a great market >>> julius bar opens lower as the slow asset growth and full net profits fail to impress. the ceo tells us he expects the stock markets to fall this year. >> we will see sooner or later a correction hopefully 5%, 10%, 15% correction another large one. i think that's going to happen sometime in 2018. >>> another disappointing quarter for ericsson shares hit the bottom of the stoxx 600 after a bigger than expected loss in the chinese market. >>> build the wall, build roads, get tough on north korea president trump's state of the union speech takes a hard line on trade and foreign policy but hales economic gains >> this, in fact, is our new american moment. there has neve

joining us on the cnbc news line, guy adami. big selloff yesterday, we're back high in the premarket again. how important is it to see those gains hold through to the close today? >> it's extraordinarily important. yesterday was one of the most interesting days we had in a couple years february 10, 2016, if you recall that, they had a huge selloff on the s&p. traded down to 1810. closed higher on the day over the last two years we never looked back. what was interesting yesterday, among many things, is the fact the dow was up a couple hundred points but the volatility index was higher all day yesterday didn't open lower and close higher it opened higher and closed higher, one of the first times you've seen that one of my contentions is the short-term top will be put on the ektiquities market and the x traded higher yesterday. >> 2017 was not the year of volatility is this the beginning of more of that and more of these bigger swings in the stock market >> it should be. you brought that up. it's important, so much complacency has

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income issues, the address is streetsignseurope@cnbc.com and follow us on twitter, @streetsignseurope@cnbc and coming up on the show, five more years for jamie dimon, but the race to replace him is already red hot. we'll look at the contenders when we come back. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember. >>> welcome back to "street signs. jamie dimon signed on as ceo of jpmorgan for five more years becoming one of the two big bank bosses who lasted through their roles through the financial crisis daniel pinto and gordon smith were also named. swatch shares are rising after reporting a 27% rise in full-year net profit driven by an acceleration in sales in the second half. the world's biggest watchmaker said it made a good start to the year in all segments and that the outlook for 2018 is positive they also hiked the dividend to

on cnbc, it will be nothing but curling in the afternoon >> that's -- curling, nothing but curling, cnbc. wow, you are good. >> i'm ready this morning. >> we tried to do that one year in davos >> we did. we were bad. >> really bad. fell on my ass you're not on -- we were on normal shoes >> that may have been part of the problem. we didn't have curling equipment. >> are there curling shoes >> there should be >> and that thing is heavy >> the stone >> the stone >> we tried brushing it. >> all right i was going to invite you over to watch some of the olympics. >> let's do it >> nope. if you see essex county after you settled on bergen county, i don't want to do that to you you will be like, i moved to new jersey, i could have been in paris, instead i'm in some farmland somewhere >> brussels? >> i appreciate you looking out for me, joe. >> all right and the significant other. see you later. >> bye >>> coming up, new data on small businesses we have the latest result of the survey coming up. >>> and then tom freedman will be here to talk about the protests in iran and the thaw between north a

my job is not just to entertain but to educate and teach so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> you know what? not everything is a dog gone

i'm sue herera here's your cnbc news update at this hour. the white house says president trump told south korean leader moon that the u.s. is open to talks with north korea at the appropriate time and under the right circumstances. moon briefed the president in a phone call on the talks held tuesday between north and south korea. >>> a louisiana prosecutor says a teacher who was handcuffed and arrested after she spoke out about the superintendent's controversial pay raise at a school board meeting will not be prosecuted widely viewed video shows the teacher being handcuffed as an overs orders her not to resist. >>> skip hop is recalling nearly 8,000 convertible high chairs in the u.s. citing potential falls and injuries to kids the recall covers. high chairs between the september of 2016 and september of 2017. >>> and a new study from the university of north dakota says most people would rather have surgery than take antibiotics for appendicitis, but experts say doctors should inform patients about all the options for treating that particula

officials say seven people from the cnbc show statten islands hustle tried to film themselves getting through security but they got caught. device a periods to be made of wires and parts after vacuum cleaner. >> and now, take a look at this, looking at 19 pounds of cop headed for minnesota. customs and border officers stopped the package in its tracks last week. kaht green leave plant chewed for its stimulant effect, the drug enforcement administration classifies it as a narcotic, the box was shipped from madrid, spain. >> and headed back to newark liberty airport former new jersey governor chris christie now disputing report suggesting that he is trying to keep some of the special treatment he used to get of governor. christie enjoyed plenty of perks, as governor and perhaps even more when he was hanging out with presidential candidate donald trump. but, there were reports that christie tries to use a special access area, at newark liberty, caught by airport and tsa officials. now, christie tweeted

. >>> good morning, everyone happy new year, welcome to "squawk box" on cnbc we are live from the nasdaq market site at times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures at this hour you will see at this point it looks like the futures for the s&p are slightly above fair value. up about 3.5 points. dow is up by 21 points the nasdaq under by 5.5 points overnight in asia, the nikkei was closed for a bank holiday. the hang seng was up by almost 2% shanghai composite up by 1.25% in europe at this early hour, you will see that at least at this point there are red arrows across the board the dax is down by almost 0.8% the cac is off by 0.9% the ftse off by a half percent weakness in italy and spain. when it comes to the treasury yields, this is what we're watching closely, the ten-year is trading at 2.433% >> should we be doing a weather board? like a freezing cold weather board? >> i saw this morning that 90% of the united states is freezing or below a third of the continental united states, the lower 48, are actually below zero.

. >> speaking to our friend joe kernen of cnbc in davos, switzerland, the president repeated his desire to find a solution to ada ca recipients. remember his promise, this will be a bill of love. for nearly 2 million undocumented immigrants an exchange for major cuts in family-based migration, what the president is fond of calling by the pejorative chain migration, the end of the diversity visa lottery and $25 billion with a "b" dollars for a border wall. today chuck super rejected the president's proposal writing on twitter "this plan flies in the face of what most americans believe." in turn on board air force one, trump fired back to schumer on twitter write "daca has been made increasingly difficult by the fact that here we go, crying chuck schumer took such a beating over the shutdown that he is unable to act on

eastern time right here on cnbc. on the earnings front, jpmorgan, wells fargo, pnc financial and blackrock are reporting results today. don't miss blackrock chairman larry fink, he will be on "squawk box" in the next hour. >> let's talk more about banks earnings joining us is chris whalen of whalen global advisers good morning to you. we kick off with the likes of jp and wells fargo today. do you think we could see some misses on the q4 numbers, but big beats in terms of the commentary from management, in particular on both fronts as it relates to the tax reform bill >> the taxes are obviously good for corporates in terms of enhancingearnings going forward. i think the narrative that says the tax bill will result in growth for banks in terms of lending is off the mark. we have a striking comparison this week between wells fargo on the one hand which is barely growing, and pnc financial, which the street has at a 7% revenue growth number for this quarter. the smaller banks are allowed to grow they're allowed to make a

. >>> good morning welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures wh futures. what a ride yesterday. the markets shooting up to a 283-point gain for the dow, then giving it all back >> rattled >> ten points down >> down 295. >> that's something to watch up 300 points we were watching with anticipation, down by that much is also something to watch. >> has to be like a fever breaking for people who are still not in >> now it's time to get in >> every day it's -- 26,000. it was like five sessions between 25,000 and -- >> the zeseventh trading sessio. from january 4th to yesterday is when we saw the 1,000 point move in the dow >> oil breaking, which is a weird reason >> energy stocks came down as a result >> just the idea >> let's hold off for a second nevertheless, with all of that, the s&p 500 still remains on pace for its biggest monthly gains since march of 2016. the nasdaq is still on its bigge

talking about cnbc but -- >> i think people are smart. first of all, i think people need to know how we got here, which is that we're not doing our annual appropriations bills, although ten of them were reported out with big bipartisan votes because the democrats didn't want to takethem to the floor for a vote that's also a fact so here's some facts here that are inescapable that make it difficult for this to be a good political issue. >> haven't republicans done the same thing in the past, senator? i mean, i guess that's why -- yeah. >> yeah. when president obama was president, republicans also threatened to shut down government over something that wasn't related, and it didn't turn out too well, did it. >> yeah, but -- >> i think this is a reminder of what happened in 2013 as republicans and democrats and say let's not take the american people through this. people have had enough drama the economy is doing well. it's finally hitting on all cylinders. the tax reform, tax cut is working as well as any of us expected, including our convers

he's the host of cnbc's "mad money. let's begin with the markets stocks are slightly lower, kind of mixed, but still posting their best start to the year since '06, and much of that is on the back of big name industrial stocks, and, jim, it just continues today cat gets upgraded and uts, barron's is positive on utx. >> i'm going to defer to one of our panelist, stephanie long, behind this move all the way, people selling the stocks even down to the caterpillar sell by goldman sachs saying this is your opportunity i hope you do talk emerson this is a remarkable time, and there are very few people who understood it was about to happen and there's a stock shortage of machinery companies. we have all the companies that you want in biotech. we do not have enough machinery and cyclical companies that's a big part of this. >> is this, steph, the way to really capitalize on what's happening? not only with taxes, perhaps infrastructure, but the synchronized global recovery that we've been noting every day. >> that's why you want

joining me now, cnbc mike santoli, cnbc contributor evan numark welcome. the big winner on the dow for the week was unitedhealth while ge was the big laggard and for the session, nike had a nice rally lamb research, big earnings in the semiequipment space. ge also the laggard on the s&p this was down 13%, mike. >> ge seems to be the anti-bellwether. it's remarkable that the market is going vertical to the upside. and ge is essentially in liquidation mode right now by investors. >> evan, what are you thinking about the markets overall here that day this week where we shot higher and then reversed, then shot even higher today the shutdown concerns -- we have eight hours to go and there's not a lot of anxiety about that. >> i think a lot of this is based on funds flows i think early -- i want to say, january 19th, it's been a great year in the stock market everybody can go home now. what's the s&p up so far, 6% >> almost 6%. >> the s&p f it compounded at this rate for the whole year it would be up 124%. >> totally normal. >> it's been a great year. i think wh

fernandez, cnbc market analyst steve grasso and rick santelli at the cme in chicago. i'm going to start with you, rick this is your area. and you've talked about 2.63 being huge resistance for the ten-year do you think we go through that or not at this point >> i think ultimately in 2018 we will, but i don't think we'll be going through it on a closing basis. the first time we knock at the door, we're at 2.62 now, intraday, that's the highest we've been it will be interesting to see where it closes. what i find most interesting is that question that steve liesman just brought up. how is that goes to affect the markets? actually, bill, i think i have an easy way to attack that look at it this way. the last time we were at 2.63 on a closing basis was the 13th of march of 2017. so, where were the dow, the s&p and the nasdaq on that particular day everybody's worried. what's going to happen to the stock market the last time we were there in

. ♪ >>> good morning warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. let's check in on the global markets. the positivity that we ended with yesterday continues, albeit in a much more muted fashion a tech-inspired rally. we also had the russell, mid caps, transports all nicely higher slightly higher this morning, but only slightly. the one question mark yesterday given the rally was that the bank stocks did not take part, particularly on a day where yields rose as well. let's look at yields they rose nicely yesterday so it was a proper riie risk ony the ten-year, 2.46 this morning. >>> markets around the world asia was nicely stronger yesterday. today stronger again not quite as resoundingly. we have a holiday in japan today. european boards were down yesterday, about 0.3%, 0.5%. up today the ftse is flat germany and france are up a bit. let's look at the broader markets. oil prices gained a bit yesterday -- were flat yesterday, flat again today. still nicely above $60 for wti 60.5 the price this morning. moving on to the gold price, which was up about

shaw took an activist position in lowe's, we have been able to confirm with several sources here at cnbc that is, indeed, true they are having dialogue so far, though, that dialogue has remained behind the scenes i've tried to get a bit more information, a bit more color about what they're pushing for at lowe's specifically doesn't look like they're pushing for a sale or consolidation of any kind at this time. that the focus of those conversations are more about the stock being undervalued relative to peers and providing suggestions on what they can do to boost that stock. also, we're still trying to understand exactly how big of a stake they have at this point in time we don't know those numbers right now, but we're going to continue reporting we'll let you know if we get that, kell back over to you >> all right thank you, leslie. lowe's, i believe, leading the s&p with that 5% gain today. >>> meanwhile, shares of wells

michael farr is with us today, cnbc market analyst steve grasso from stuart frankel is here with us at post nine and rick santelli is at the cme in chicago as well. steve liesman, the headline number seemingly disappointing but it was a solid report this morning, wasn't it >> yeah. i disagree that even the headline number was disappointing in the sense there was this whole political hubbub about 3% economically, no one really cares if it's 3 or 2.9 the idea is that we're running above trend. the trend growth we think is between 1.8 and 2% we did a third quarter that was solidly above trend. and you're right, even though the headline was lower than expectations, the internals were pretty good. consumers did well, business investment did well. there's a chart that shows you where the fed and the cbo think trend is and how we've done the last three quarters which is running above it what i like is you had those two quarters above three and you didn't give it all back or revert to the mean in the fourth quarter. and it looks pretty good, bill, because we think there's some stimulus coming

he's the host of cnbc's "mad money. let's begin with the markets stocks are slightly lower, kind of mixed, but still posting their best start to the year since '06, and much of that is on the back of big name industrial stocks, and, jim, it just continues today cat gets upgraded and uts, barron

chairman thune joins us first this morning on cnbc mr. chairman, good to have you with us, thanks for the time. >> thanks, carl, good morning. >> i guess the question is, what are your key questions and what has the response been from the company? >> we're hoping to get a response from the company. basically it's to find out exactly what they are doing, how they are informing consumers about this as you noted they have acknowledged they have been slowing processing speeds with a purpose, at least stated purpose, of prolonging battery life part of the thing we want to get at is the transparency issue if they deny they are engaging in planned obsolescence, forcing people to buy the next phone, we want to make sure through our role's oversight that's true secondly, to find out why they haven't been more transparent about this we think it's important consumers know what's going on and if they are doing this, they know as well they need to buy a new battery, that that's why >> what do you think the consequences could be if, in fact, their answ

join ing me today cnbc senior markets commentator michael santoli. bill smead from smead capital management and michael, welcome to everybody. a historic day on wall street. the dow closing above 25,000 for the first time s&p, nasdaq, russell also at records. leading the day on the dow, the worst performer of 2017, general electric on top once again while intel was today's big laggard for the second straight day. intel down nearly 2% over in the s&p, advanced microdevices a big winner, again, continuing a theme of what's been happening with intel. stair cycle today, up nearly 5%. "l" brands down 12%. retail might have been the only weak spot in the market, not the only one utilities lower, real estate lower today. what do you make of dow 25,000 >> the defensive stuff lower look, it's a time to assess how far you've come. that's the key thing the dow in this case has been a leader versus the broad market in the run from 20,000 to 25,000 it's up 5 percentage points in the last 12 months more than the s&p is. >> wow. >> you have global blue chip mostly

cnbc's josh lipton spoke with gopro's ceo nick woodman earlier today. he joins us now. i don't know in they're highlights, you're going to give us some of what he said, yes >> bill, gopro, listen, as you pointed out, having a very volatile day it hit an all-time low it's expecting revenue for the all-important holiday quarter of only about $340 million, bill. remember, the company had previously guided for about $470 million. it's also killing off an entire product category as you mentioned. its drone business laying off a lot of employees, too. it's going from more than 1,250 to fewer than 1,000. does it make sense for gopro to remain an independent company at this point cnbc's alex sherman reporting that the company hired jp morgan some months back to help seek a potential sale, though gopro is not in any active talks with a buyer. gopro declining comment. ceo nick woodman on cnbc this morning stating that his company would consider a partnership with another company, though it plans to remain indenpendent, h said. >> if there's opportunities for us to unite with a bi

on cnbc. i'm wilfred frost.

he's been a frequent guest on cnbc he's been ordered to pay $6 billion. he is resisting that he is a holdout. he will now basically be moved to a palace compound in eastern riyadh surrounded by a barbed wire fence the fence apparently a recent addition the ongoing crackdown continues and they are moving ahead with trial dates for many of these holdouts it remains to be seen whether prince bin talal will be one of them. >> what a development. sue, thank you very much. >>> we have a news alert on lowe's to get to eric has that one. >> that's right. the board of directors at lowe's authorized a $5 billion share buyback program on tom of the $2.1 billion remaining in their previous program the buyback could be suspended, discontinued at any time that $5 billion authorization on top of the $2 billion from before the shares are up 2% we talked about this an hour ago, one of the 15 stocks ubs said to watch out for, they could pop because of this new tax law in effect. back to you, kelly. >> thank you, eric. >>> millenniaials may not be holding onto that avocado

feel free to e-mail the show, streetsignseurope@cnbc.com and follow us on twitter, streetsignseurope@cnbc >>> altice says it will spin off the u.s. unit from the european operations the move is intended to simplify the telecom and cable group's business u.s. shares have beenimpacted by worries about its european division and there's concern among american investors they may be asked to boost the european business. the deal will see a 1$1.5 billin dividend payment added to the altice balance sheet another company we're watching is persimmon it expects 2017 profit to be ahead of estimates an increase in home building saw the british company post a 9% rise in full-year revenue. while consumer demand was healthy it was mindful of market risks related to brexit uncertainty. morrison's topped expectations for underlying sales in the critical christmas period. the uk's fourth largest supermarket group saw its rate of growth pick up from the previous quarter with like for like sales up 2.8% expectations for the full year remain unchanged >>> tesco was the best performer among the major supermarke

the name to remember. >> announcer: cnbc news update sponsored by comcast business. built for business >>> hi, everybody. i'm sue herera your cnbc news update for the hour a monster snowstorm causing a lot of problems at new york city's airports, laguardia and jfk, suspended flights due to strong winds and whiteout conditions the storm hitting other areas of the northeast is a full-flemped blizzard expected to dump up to 18 inches of snow in more areas. more on that coming up. >>> and avalanche killing a mother and 11-year-old daughter in italy it happened on a ski slope part of a nine-person key group. everyone else survived that accident. >>> and nail-biting election, in virginia it's over. david yancy win as seat on the house of delegates after his name was picked out of a canister in a tiebreaking drawing. his victory allows republicans to keep control of that chamber. yancy's challenger a democrat initially won by just one vote and a recount was ordered. >>> and u.s. attorney general jeff sessions as we've been telling you appears to be targeting marijuana. the

show the address is streetsignseurope@cnbc.com you can also follow us on twitter, @streetsignseurope@cnbc fresh news in terms of korea, we have been following these closely, the talks over the last few days between north and south korea, they've been exploratory talks, there's a bit of news coming out of the korean peninsula ahead of the winter olympics next month. north and south korea agreed to try and form a united women's ice hockey team. may not sound like a huge, huge deal, but that is some news coming out of korea. please feel free to stay with us coming up after this break >>> welcome back to "street signs. shares in vivendi are trading sharply lower. the french media conglomerate lowered its profit outlook following a 14 million euro restructuring cost >>> sticking with another firm, shares in puma are selling off after kering says it will sell off its shares in the sporting group. >>> kering said it would tellsel 70% of puma shares to investors leaving it a 16% stake puma ceo said there were few operational synergies with kering and that the company had no plans to take on any o

tonight cnbc's "the profit" is dive nooing into the big businef pot. >> it took me a half hour driving on six miles of unmarked dirt roads hi there >> hi. >> at the end, tom and karen hessler's 40 acre farm >> honestly, if i had to describe your land to somebody, i couldn't it's like a fairytale book it's so beautiful and so removed. how long you have lived up here? >> since 1971. >> i don't want to make you feel older, but that's before i was born >> karen is the nurse with the green thumb. tom is an artist originally from new york, they came up here to get away from it all. literally. so when you left, you said i'm moving to california, i'm going to grow marijuana. >> no. we came to be self-sufficient and for tom do his artwork >> we raise our own food, make our own electricity. >> this farm is their life's work they built the house by hand raised two kids here and helped put humbolt county on the map. >> we started this industry. there was nobody growing weed. there was nobody here. every piece of land was for sale >> you could have bought the whole mountain for 100 bucks >> 36,000

warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. let's look at what the markets are doing. a bit of red across the screen for the three major indices. it's just increased its size of move down this morning in the last half hour 45 points, nearly 50 points for the dow. nasdaq down about 24 s&p down about six yesterday we had gains for the nasdaq, up 0.4%. all three lost steam as we approached the close oil hitting a three-year high. oil prices were up 2% yesterday. up 0.7% for wti today. it's been a great start to the year for wti and brent we saw yields move higher yesterday. so selling of bonds, pushing the yields higher. for once over the last couple of years we've seen the long end respond more than the short end. we hovered around 2.5 yesterday. 2.57, approaching 2.6. so a big move in the last couple of days. the 30-year moving higher as well banks want that sfeteeper highe yeel curv yield curves slight gains for hong kong and shanghai a blow out week for them for the first week of the year european trade, up

you're watching "worldwide exchange" on cnbc. relief in min. and dulcoease for comfortable relief of hard stools. dulcolax. designed for dependable relief. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. hey, need fast try cool mint zantac. it releases a cooling sensation in your mouth and throat. zantac works in as little as 30 minutes. nexium can take 24 hours. try cool mint zantac. no pill relieves heartburn faster. >>> welcome back residents up and down the eastern seaboard are bracing for a major winter storm blizzard warnings are in effect for parts of virginia where 5 to 8 inches of snow are expected. jen carfagno joins us from norfolk with the latest on conditions there hi, jen. >> good morning to you it is a snowstorm out here today in norfolk, virginia so the key is the wind that's been blowing around 20, gusting to close to 40 miles per hour you can see the snow falling now. you can see it behind me,

record closing for everybody, gains of 1% across the board time now for a cnbc news update, sue? >> reporter: hello, kelly. thank you so much. here's what's happening at this time, everyone the white house is firing back at arizona senator jeff flake who compared president trump's attack on the press to the rhetoric of stalin press secretary called flake a failing politician looking for attention. >> he's not criticizing the president because he's against oppression he's criticizing the president because he has terrible poll numbers, and he is, i think, looking for attention. i think it's unfortunate >> libyan coast guard officials rescued 245 migrants from two boats off the coast of libya they say they managed to save everyone and return them to the tripoli navy base receiving medical and humanitarian assistance jimmy carter iswo working on a book about his faith it's entitled "faith: a journey for all," how religion sustained him and the role it plays in society. that is scheduled to be released in march i bet it's a great read. that's the news update this hour kelly, back down

joining us to talk about it, cnbc reporter and tech reporteder at the "new york times. gentlemen, good to see you both. farh farhad, got to learn more about what this means but how likely is it they are on their way. >> seems likely. this has been talked about for sometime, they filed the documents. i think what's interesting about it, both spotify as a country is interesting. they are trying to bridge between multiple giants who also have similar services. i think they are interesting to watch. but the way they are doing this, a direct listing it's an unusual move for a company of its size to do that i think if it works it could open up a new avenue for long delayed so-called unicorns to go public perhaps an easier way, a way for employees to get some liquidity and to lower fees for them it could be an interesting move. i'm optimistic about its possibilities. >> walter, spotify as a brand is one thing. they kind of brought this streaming idea as a business it's another it's up against apple, google, amazon if they decide to do video up against netflix in the streaming

to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm courtney reagan in for sara eisen >> happy friday to everyone watching let's check in on the markets this morning we had some selling yesterday, down about 0.4% for the dow. s&p and nasdaq fractionally lower, but this morning we are higher on the nasdaq up 23 points, the dow and s&p higher as well. you can see the steady trend of rising yields that we've seen to kick off the year. >>> the top story this morning, countdown to shut down lawmakers have just 19 hours to pass a spending bill or else the lights go out in washington. we got some movement overnight on capitol hill. let's get to kayla tausche i hope you got a bit of sleep. >> i did there was some movement but not enough to avert a shutdown the house struck a last-minute deal with the conservative freedom caucus to pass a short-term funding bill. that moved the ball to the senate's court where there is significant opposition from a handful of republicans, loading two democratic ai iic aides to there's

. ♪ >>> good morning a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. let's check in on the global market picture we are pointing lower, but just slightly about 7 points on the dow. the nasdaq the laggard of the three, down about 9 or 10 points it comes off the back of a day of big gains solid gantins. 1.25% for the dow, the nasdaq and s&p about a move we have moved higher in the ten-year, breaking through that 2.6% level on the ten-year the five-year is around 2.4, that shows you how big a move we've had across the curve in the last couple of weeks 2.6 was an important level you can see the momentum as yields are rising, prices are falling for bonds. let's go to michael bell from jpmorgan asset management joining me let's go to the move on yields and crossing that 2.6% level for the ten-year is that a significant and important barrier in your eyes >> i think it's part of a mr. much we'll see higher. we think the ten-year will end in the 2.75 to 3.25 range and we're heading up towards that as the market looks to reprice what looks to

♪ ♪ >> good morning, everybody welcome to "squawk box" on cnbc. we are live from the world economic forum in davos, switzerland. i'm becky quick along with joe kernen and andrew ross sorkin on our first day of coverage from the alps let's look at the u.s. equity futures. we know the major averages ended at all-time highs once again yesterday. dow futures now look like they're up 66 points s&p futures up by 3. nasdaq up by 24. look at what happened overnight in asia. you will see we are talking about gains also in the asian markets. hang seng closed up by 1.6%. and the shanghai was up by 1.3%. if you want to check out what's happening in early trading, green arrows there with the dax up by 0.8% it's the biggest gainer of the major averages look at treasury yields, this is where the action has been. yesterday the two-year sitting at the highest level since 202000 the ten-year at the highest level since 2014 the yield on the ten-year is 2.632% >> couple big stories we're watching, the u.s. government is officially reopen for business after president