it is 5:00 a.m. at cnbc global headquarters. here is your "five@5." fizzling out. stocks on track for a fourth straight day of losses as the 2023 stock rally appears to be run oning out of steam. not so for bitcoin. hitting the highest level since april of 2022. that's not stopping jamie dimon from calling out the sector and players. if stocks are having a rough week, oil is worse at this

point. now trading at levels we have not seen since june. we will see if there is more downside ahead and see what is driving that move lower in crude. plus, amd ceo loose an sue says the chip release is the first in the log jam of products. and the tesla nordic revolt is moving to shareholders. it is thursday, december 7th, 2023. you are watching "worldwide exchange" here on cnbc. good morning. welcome to the show. i'm dominic chu in for frank holland for this thursday morning. we kickoff with the check of the u.s. futures riding a three-day losing streak. the s&p is implied flat on the session at the opening bell.

dow jones industrial average down 60 points. the nasdaq is down 36. the dow and s&p and nasdaq are on way to snap a five-week winning streak at this point. checking in on the bond market, yields are hitting lows not seen since september. the ten-year note is at 4.15%. a far cry from the 5.02% in the last couple of months at the cycle the highs. the benchmark two t-year note i 4.6%. and oil is down more than 6% this week and currently you see a bid with wti crude at $70 which is up 1%. we are watching the $70 mark. ice brent crude is 75.10

doldol75.10. we will keep an eye on the crude prices. bitcoin is pulling back this morning after topping $44,000 at one point yesterday. that was the highest level since april of 2022. enthusiasm for the asset is not swaying jpmorgan chase ceo jamie dimon speaking on capitol hill yesterday. >> i have been against cryptocurrency. if i was the government, i would close it down. >> bitcoin price is $43,000 this morning. let's check on the top corporate stories with silvana henao. good morning, silvana. dom, good morning. fresh off the unveil, amd is counting meta platforms and openai and microsoft as part of

the first customers for the chip set. those rivals from nvidia have dominated from the marketplace. lisa sue says this chip is one step in a whole new race. >> this market is moving faster than anything we have seen before. we have accelerated our road map. we spent a lot of time with our largest customers. my 300 is great, but we are talking about the next generation and next, next generation. there is a lot of stuff in the pipeline. and abbvie will acquire cerevel therapeutics. under the terms of the deal, abbvie will pay $45 per share. the buyout is the abbvie latest to expand the drug pipeline as

the top selling products like humira is facing competition. and spacex is initiating discussion to sell insider shares to value the company at $175 billion or more. according to bloomberg, this offer could range $550 million at $95 a share. terms of the offer could change depending on interest. the jump from $150 billion valuation hit over the summer to $175 billion could make spacex one of the largest companies on par with disney and pfizer and cnbc parent comcast, dom. >> silvana, thank you very much. see you later on. markets are coming off their third negative session in a row. investors are cautious after the november rally and whether the market has entered into

so-called overbought territory. bullish sentiment in the excessive zone according to the net research. hype over the santa claus rally could lead to weakness in the first half of december despite the seasonal strong time for stocks. joining me now is gunjan banjari from "the wall street journal." this is interesting. we just had greg from goldman sachs on yesterday talking about some of the opportunities, but we will look at one other facet of the story which is the run of small caps. what has been behind the upside volatility? >> dom, thank you. we have seen this tremendous everything rally. it is extended to the small caps and gold and treasury yields. yesterday where it hit the

lowest levels since august. bitcoin is on a run-up. when you look under the hood with the russell 2000, you are seeing people positioned. people are paying up for options to profits if they cap on the rally. >> just how strong is the options activity on the relative basis compared to what it historically has been or the average trading volumes? how many people are buying bullish bets on the small-cap etf? >> it is tremendous. we saw activity hit an all-time high on friday. yesterday, for example, calls activity in tlt also hit the highest level on record. there is really a big burst of activity in the sectors. the iwm trade is at the center of the soft landing trade that come

dominated markets. >> if you look at the reason why there is a buy everything mentality, is there a reason why they are focusing on places like the treasury market and long-term treasuries? that is where the tlt tracks. small-cap stocks seem at the opposite end of the market s spe spectrum. >> that is a good point. they seem they are looking for the fed to lower interest rates next year. people are expecting that to help treasuries and smallest companies in the market. they tend to be the most l leveraged and sensitive to borrowing costs. they have gotten crushed over the past year. i think people are saying if yields fall, as they have, and the fed cuts next year, that could give the sector a boost. people have been trying to catch up there. that sector is underperforming

this year. of course, underperforming to the magnificent seven. people are betting it can be the big rotation moving forward. >> this kind of activity is great when it's working, but when it doesn't work, it can go wrong quickly. that volatility has been absent from the large-cap market. the cboe index is languishing at 13 at this point or below that. what is the outlook for volatility given the fast run-up we have seen in options activity tied to some of the parts of the market? >> it is fascinating. when you look at the saep&p ind it is not seeing a lot of volatility. no one wants to hedge the s&p. they want meta and nvidia to carry us through. that is not the case in the

russell. that is at the center of the volatility and people are expecting more fireworks there. there has been divergence compared to the broader market. russell up 3% yesterday and trading lower. that is at the enter center of market action. that's where people are placing their bets. >> all about the fed. gunjan, thank you very much. >> thanks, dom. coming up on the show, we have more on "worldwide exchange," including the one word that investors have to know today, but first the commercial real estate debate rolls on after a market-moving call from carson block. we'll speak with one ceo who is on the other side of that carson block short on certain parts of commercial real estate. more on oil. a sharp move lower and why

energy has been unscathed in the selloff. and later on, nikki haley is facing heat in the republican presidential debate. we will breakdown the details. ve busy hour when "worldwide exchange" returns after this commercial break. tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly.

welcome back to "worldwide exchange." one of the most notable short sellers is looking at real estate. focusing on the blackstone

mortgage trust. carson block is betting against that trust signaling he expects commercial real estate to drag into next year. you see the stock lower yesterday and lower in the pre-market this morning. speaking to cnbc, block laid out what he sees as a difficult road ahead for commercial real estate. >> it's pretty well known that office is facing a lot of headwinds. this is the perfect storm for office landlords. for commercial real estate in general, because as interest rates have gone up, the values of the real estate have gone down. >> for more on where the commercial real estate is sector stands, let's bring in hassan naji. you could say he is an expert on commercial real estate. do you agree with carson block? it was a negative message he put

out on our air yesterday. >> good morning. great to be with you. i think the book is being judged by the office sector. the perception and reality of office hit very hard is like shopping centers 10 or 15 years ago because of ecommerce. it is rippling throughout the industry. you have apartments and self storage and hospitality and mobile home parks and medical office that are performing differently. you have retail, including the bread and butter and brick and mortar community centers making a huge comeback because of the fact they had ten years to reposition and remove a lot of stock and reinvent themselves. therefore, commercial real estate as a whole, is performing better than expected. delinquency is half from the great recession. occupancy across the board, except for office, are holding

up incredibly well. even within office, newer products with vacancy rates 11%. the variations of customers real estate is where the money is made and the generalization is where money is lost. >> take generalization off the table and go specific. what is leading and what is lagging in that portfolio of commercial real estate that you just laid out? >> the number one asset class right now remains industrial warehousing. there is so much consumer strength and ecommerce with demand creating the need for warehouse distribution space which is modern and capabilities and proximity. the last-mile issue with ecommerce is still a huge problem. sd industrial is doing well. multifamily apartment rentals

are on the increase because houses are difficult to afford. people are staying as renters longer. renew rates on apartment leases are at a multi-year high. those rents are growing in the high single digit. occupancy on the apartments is doing well. real estate is something everybody wrote off. i have just come from a tour throughout california, texas, florida and here in new york in the last three our for days with a retail center convention. the trade group for retail shows pricing power on retail is unique. the most in 20 years. nobody is talking about these

things unless you're in the industry. >> let's talk about the su supply/demand. interest rates upset a lot of models over the course of the last two-to-three years. what exactly does the valuation picture look like right now? are there values to be had? can deals get done in commercial real estate? >> sales transactions are down 50% to 60% this year for the reason you mentioned. interest rates shocked valuation part of the equation. lenders have pulled back from lending because of the concern. prices are adjusting. it takes time for sellers to come to terms to sell a property that your current price was not what it was a year or year and a half ago. increases directly translate to price reduction. that is happening gradually. we are seeing somewhere around 15% to 20% price reduction from peak across the board. that is creating transaction

losses. the capital waiting to come back in is at a record level. >> thank you. >> thanks for having me on. great to see you. still ahead on "worldwide exchange," the artificial intelligence stock not living up to the hype this morning. it is your big money mover and mystery chart. we'll reveal coming up after this break. a lot of code. if an application needs to be modernized then you'll need time, resources... and caffeine. if this sounds daunting then use watsonx code assistant ai designed to multiply developer productivity so you can generate code quickly. let's create a more modern foundation for business, with watsonx code assistant. ibm. let's create. power e*trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper

trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley.

icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul. it's your water, your way.

welcome back. time for the big money movers. shares of chewy are plunging. issuing disappointing revenue guidance and full-year outlook among economic pressures. it it has shares down 11% pre-market. shares of gamestop missing third quarter revenue expectations despite the better than expected results on the bottom line. sales in europe grew over 12% due to decreased supply. gamestop down 7.5%. the morning mystery chart is shares of c3.ai sinking on qua quarterly results. the ceo does not anticipate being non-gaap profitable in

generative a.i. shares down 10%. it was a fiery showdown with four republican presidential candidates in alabama last night. brie jackson is in d.c. with more. brie, these hopefuls were looking to make the latest pitch to voters on the national stage. what was the take away? >> dom, things got heated on the debate stage. we say clashes as four republican candidates fought for their political lives. >> nikki is corrupt. >> reporter: a fierce fight with competitors in the fourth gop debate. >> do everybody a favor. walk off the stage and enjoy a meal. >> reporter: vivek ramaswamy and ron desantis and former governor chris christie and nikki haley sparred over issues from

immigration to conflicts overseas. haley has surged in the polls andr drew attacks from the political rivals. >> nikki will cave to the donors. >> in seterms of the donors, th are jealous because they are supporting me. >> reporter: the front runner, fo fo fo former president trump, skipped the debate. chris christie questioned trump. >> is he fit or isn't he? if we were in the courtroom, they would strike the answer and say, governor desantis, are a smart man. they would. they would strike the answer because you are not answering it. >> reporter: this marks what is expected to be the last debate

before the iowa caucus next month where voters will have their first crack at setting the tone for the 2024 presidential election. first in the nation caucuses are set for january 15th. dom. >> brie jackson with the latest on the presidential debate. thank you. let's check on the other top headlines with phillip mena in new york. >> good morning, dom. three people were killed when a suspect opened fire at the university of nevada las vegas. students were forced to shelter in place. law enforcement tells nbc news the suspect was a man in his 60s. he was struck and died during the shootout with police. the u.s. navy says it is grounding all osprey after the accident off the coast of japan last week. this move is out of abundance of

caution. the investigation points to a material failure. the underlining cause is under known. the osprey has been plagued by safety concerns. 20 officials have been killed in two years. the big apple is ready to light the big menorah. it is a symbol of light and jewish principle and pride. that's it, dom. back to you. thank you. our contessa brewer has stayed up all night at the guitar hotel. >> you are confusing me with my younger colleagues or my younger self. there is a lot of reason to stay up partying. hard rock rolls out the red

carpet for celebrities and re-launching sports betting and casino games. i have the story from south florida coming up on "worldwide exchange."

the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. it is 5:29 a.m. in new york. there's still a lot more on "worldwide exchange." here's what's still on deck, stocks extending their lslide making it three in a row as we look at the labor market.

futures are searching for some direction. the energy sector feeling the pull back and opec production cuts do little to stand crude price kmpressure. a high-profile exit for apple as the producer behind the top selling devices looks to bid cupertino adieu. you are watching "worldwide exchange" here on cnbc. welcome back to "worldwide exchange." i'm dominic chu in for frank holland on this thursday morning. we pick up the half hour with the check on the u.s. futures. right now, the dow jones industrial average is implied lower by 71. the s&p is flat on the session with modest gains in the nasdaq implied higher 33 points at the

opening bell. for the week, the dow and s&p and nasdaq are on track to snap a five-week winning streak. you can see here the dow jones industrial average and s&p and nasdaq week-to-date is in the red here. the nasdaq is pacing those week-to-date declines. turning to the bond market. the ten-year note at the lowest level since september. those are ticking higher to 4.15%. the two-year note is 4.61%. the 30-year long bond is 4.25% right now. within europe, markets are in the red following weak manufacturing data from germany. travel stocks are slipping as jpmorgan chase downgrades european airlines. and. bitcoin is topping the level

of $44,000. jamie dimon spoke in front of capitol hill yesterday. >> i have been opposed to crypto. it is pointed out for criminals and tax avoidance. if i was the government, i would close it down. >> harsh words from jamie dimon. let's get a check on the corporate stories with silvana henao. silvana. dom, apple facing a high-profile exit. steve poteling is retiring. he oversees the touchscreen technology and interface. his work included helping to integrate feature into the iphone and ipad and apple watch and vision pro head set. meta announcing it has fully

started encrypting messages. you had the option to turn on end-to-end encryption to be read only by the sender and recipient. with the change, it would be decrypted by default. it can help keep you safe from hackers. the enhancement could actually aid criminals. and chevron announcing it is raising the cap ex budget next year from 14% to $16 billion. chevron plans to spend two-thirds of the budget on u.s. projects, including developing the shale portfolio, dom. thank you, silvana. let's stick with the oil trade after falling to the six-month low yesterday with wti crude prices falling below $70 a barrel for the first time since june. it is above that mark today.

investors are concerned about global demand and economic slowdowns in the two top consumers of oil which would be the u.s. and china. and crude oil imports fell more than 9% in november. there is also a lot of skepticism over the latest round of production cuts from opec and partner countries. wti and brent crude are down 10% since the decision was announced a week ago. let's talk more about the direction of oil prices and the impact they are having on energy stocks with rebecca babbin at cibc and peter mcnally at third bridge. thank you both for being here. let's start macro big picture on the commodities side. reb reb rebecca, why oil prices cannot find a bid and what anybody can do to stem this tide to the

downside? >> this is a great question, dom. we did this exact interview almost a year ago on this exact topic when crude was in f free fall at the end of the year. we are in a seasonally weaker time for crude oil demand. we typically see inventory build. we are seeing larger than expected inventory build right now. that has sparked the momentum to the downside. we are no longer in a deficit. we are not drawing crude oil like in theinventory. we have the second factor that you noted. china does not have any export quota available. they will not buy the excess crude they have throughout the year and exporting products. that is a headwind. lastly, and this is the key po point, we have less faith in what opec has done and is able to do in the future. as they cut, it is harder and

harder to get everyone in line. the cuts are no longer voluntary and there is lack of come pcomp. the mrkarket is questioning the opec put. when you question this, it inspires the momentum traders to press their shorts. the traditional hedge fund players have taken a knee for the year. they are winding down the clock. they are not necessarily putting on big bets. there is not a lot of descriptfriction to the downside. >> peter, the hedge fund players who are taking the losses now and sitting on the sidelines. what does that mean for energy stocks? energy companies have been feeling the pinch, but not so much with exxon and chevron. >> for sure this is going to

hurt cash flow. on the upside, oil stocks did not keep up with the commodity. there has always been a certain amount of skepticism in equity markets around the oil price when they were good. point to the storage before this with chef ravron increasing cap. that is due to the u.s. excess inventory. they announced yesterday they have permian production up 8%. exxon volume in the u.s. has been declining for five quarters. you have the bigger companies who control u.s. oil production. that is very different from opec plus put the group together with the declaration of cooperation seven years ago. it will be tougher to slowdown u.s. production which is why it

continues to grow despite drilling activity being lower. the story is all about efficiency. that backdrop is adding to more oil. >> peter, a lot of focus has been on the permian basin in west texas. the idea they are trying to consolidate and you are getting more activity and m&a activity for gas producing companies in the country. can consolidation happen enough to where u.s. producers and shale producers can bring down the break-even costs to a level that is not effected by the opec plus policies out there? that is the key concern for u.s. producers. >> it is a lot lower than what we are seeing today in the mid-70s on brent and around 70 on wti. the budgets like exxon and

chevron is running is $60 on brent. it works for most of the companies down into the 30s. it is an industry that continued to get increasingly efficient over time and those efficiencies accelerate during downturns. activity, overall, has been down. production is continuing to grow. not at the same pace from a decade ago as the permian became the new thing. it is more durable than opec gives it credit for. >> rebecca, we will give the last word to you. the oil price decline is something that is obviously not good for any oil producer out there, specifically saudi arabia and russia and other large ones. the u.s. is included in that picked. we're the biggest producer out there. how exactly does policy from opec look in the coming months given the fact that maybe

there's a philosophy that lower oil prices could benefit the bigger producing regions if it hurts shale producing reasons? >> i think you are alluding to will they go for the market share war as opposed to price stability. i think we all learned the hard way that nobody wins here, including the middle east. the middle east is now highly focused on creating themselves or opec is focused on being the fed of oil markets. not necessarily the instigator of mass volatility. i don't think that strategy is what they're going to do. what i think they're going to do is play the long game here. they know shale production cannot grow at this rate indefinitely. in fact, this year, u.s. crude production is only set to grow 400,000 to 500,000 barrels a day. that is down from 1 million

barrels previously. can it grow? not to that extent. they will stay with the strategy and they will be the last man standing when u.s. shale production starts to really compress and flat line. >> all right. rebecca and peter on the state of the oil trade. thank you. happy holidays. >> thank you. it is official, starting today florida is offering legal sports betting to all residents. the move marks a big day for the hard rock international and seminole tribe. contessa brewer is in hollywood with the particular moves. contes contessa, how big of a deal is this for the hard rock and seminole nation? >> reporter: the contessa brewer story is it is a big story. the retail sports book here in florida will welcome betters

today for the first time to make wagers on sports. court challenges, legal wrangling forced the seminole tribe, which owns the hard rock brand, to cease operations. now the gaming industry considerconsider s florida a super state. it has a dozen power house sports teams. hard rock and the seminoles have a monopoly in the state. >> it is amazing. it gives us the full scope of product that we haven't had. we haven't had the game of roulette or the game of craps. more importantly after ten plus years in legal challenges, we now offer sports betting not only live and in-person at facilities in florida, but throughout the state of florida with the mobile app.

that is something we're excited about. >> reporter: i say near monopoly because there are opportunities to offer sports betting if they partnership with the seminoles. that could partner entertainment. i asked about it, but i got we cannot comment. this is expected to contribute to the nation's overall sports betting market. there are predictions that florida could soon overtake new york as the leader in terms of the amount wagered. in new york in october, that was more than $2 billion. the state is making a lot. the tax rate in new york is 51%. hard rock has a big reason to celebrate. rolling out the red car bet for a-list celebrities to kickoff the sports gambling and live dealer roulette and craps.

>> contessa, how can investors participate in the upside of the success of dgambling with the florida market? >> reporter: it is tribal gaming. what i say is if you look at the commercial operators, you are leaving 40% of the betting markets in the united states off the table or on the table? anyway, i think one way to look at this is who are the suppliers? who is going to participate in an upside? is it the tech suppliers? is it the games makers like aristocrat and light and wonder? we know there are investments in the debt of hard rock and that's one way to go about it. also look at the future of whether hard rock remains private or a opispinoff down th road? if you think florida is the big move that the gaming industry

thinks it is, a lot of ways to participate, dom. >> contessa brewer at the guitar hotel in florida. thank you very much. coming up on the show, continued fallout for tesla over an ongoing labor dispute in europe as one pension fund there looks to hit the ev maker where it hurts the most.

icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot.

welcome back to "worldwide

exchange." time for the morning call sheet. stifel is initiating rivian with shares up 2.25% in the pre-market. and bank of america cuts take-two rating with not enough known about the quality of the game of "grand theft auto." and goldman sachs with the sell rating of avis. goldman saying avis has executed better than hurtz, but sees a limited catalyst ahead. shares down 1.5% in extended trading. time for the global briefing. shares of rakuten falling. this after the parent company said it will cut its stake in

the lender offering up 24 million shares of the overseas secondary offering to the closing price from yesterday. and denmark pension fund to sell tesla stake after the bargain agreement with the labor unions. labor unions will block shipments the tesla cars meant for swedish markets. and australia's woodside energy and santos is creating a $50 billion oil and gas giant. the largest deal in australia in years and comes less than 18 months after woodside merged with bhp. shares both up in overseas action. coming up on the show, one word every investor needs to

know today and what jandy jassy is saying from amazon customers when it comes to spending. we'll be back after this.

what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul. it's your water, your way.

welcome back to "worldwide exchange." time for the "wex wrap-up." meta and microsoft and openai are searching for amd a.i. chips. lisa su says the architecture has faster data processing and better user experience. speaking of a.i., google releasing the gemini a.i. model. it will be licensed through google cloud and power interfacing apps.

shares of nikola plummeting with 30million through stock sales. the stock is down more than 60% this year with the market cap of $350 million. in china, exports growing for the first time in six months in november as discount pricing by factories attracts more buyers and helps slumping demand. abbvie is buying cerevel therapeutics for8.7 billion. elon musk's spacex is selling shares on the company valuation of $175 billion or more. bloomberg reports that spacex is discussing an offer from $500 million to $750 million and could sell shares of $95 a piece.

let's see how the markets are shaping up after three days of losses. futures are mixed. the dow is implied lower by 75. s&p is flat. the nasdaq higher by 35 points. joining me now is victoria fernandez. victoria, this is a market right now where it seems things are trying to broaden out. do you feel there is enough fuel in the tank for the seasonal rally at the end of the year? >> i think there could be, dom, but a lot rests on the economic reports coming out. we have jobless claims today which is driving the market significantly over the last couple weeks and non-farm payroll tomorrow. people have focus on the jobs market and flinflation. that is driving the next action from the fed. if those numbers support what the market is anticipating that the fed is done and they will have rate cuts early next year, i think the market continues to

do well. if we have numbers that come out that are not as supportive of that, i think the santa claus rally may have come and gone this year and we have to brace for a pull back. >> victoria, consumer spending and retail landscape is a key part of the fourth quarter story for good reason. the u.s. economy is powered by consumer spending. amazon ceo andy jassy offered a mixed picture with the consumer picture when speaking with jim cramer on "mad money" last night. take a listen. >> consumers are still spending. they are being careful over what they spend on and they are looking for deals where they can and where they can trade down on price, they are trying to do so. >> what does that say about the consumer and confidence right now? >> he's right. obviously this time of year people are spending probably when they wouldn't be spending in a different time of year. the holidays bring that out in

people. i think we have to watch delinquency rates even now in the fourth quarter. delinquency rates are up on credit cards and autos in the 29-to-40 year group. this is wages up 5% year over year and that tells us the consumer is concerned. they are watching. i think earnings is an interesting tell because we have two different consumer bases. we have dollar general and we have lululemon. it is interesting to see what the ceos have to say. >> victoria, the word of the day before we let you go. >> cavalier is the word i'm using for today. the market has been acting cavalier in regards to what the fed may do or not do into next year. we don't anticipate cuts as early as market does. the market is looking for the

fed to cut rates, but double digit earnings growth and gdp above trend. they are cavalier. >> victoria fernandez. thank you very much. xt> "squawk box" is coming u p ne. dear moms and dads, what you have achieved here today is going to help us and our futures. it is why we're coming up on stage to collect your diplomas. mom, love you always.

vo: when you graduate, they graduate. visit finishyourdiploma.org to find free and supportive adult education centers near you. first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you.

good morning. stock futures are mixed, but bitcoin is holding above $43,000 and crude oil prices have rebounded to above 70. they were in the 60s. we will show you what's moving. nikki haley drawing fire at the gop debate after the particularly strong week of fund raising and so momentum which national polls show her ahead of

desantis now. the retail federation retracting a widely cited statistic from its report on organized retail theft. yup. i don't know which one. i don't know if it is worse or better. we'll find out. we'll find out when you find out. details straight ahead. it's thursday. this is december 7th, the day that will live in infamy. "squawk box" begins right now. good morning. welcome to "squawk box" here 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. between the three of us, we decided today is thursday. >> it took all three of us. >> i