it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." we start with a breather. stocks under pressure after the tech led surge. we will see if the rally has staying power facing the latest test and key consumer inflation report. also, speaking of tech, we will get into that with the a.i. buzz which is making its way to the consumer. we are live in barcelona in just a moment. warren buffett scores again. his big bet on japan pays off as berkshire hathaway's cash pile

soars to a fresh record. at&t pays up for the nationwide outage last week. later, easy come, easy go for the lunar lander. it's monday, february 26th, 2024. you're watching "worldwide exchange" right here on cnbc. good morning and welcome to "worldwide exchange." i'm frank holland. let's get you ready for the trading day with thehourly check of the u.s. stock futures after a mixed session for stocks on friday with the s&p close out the best week since january 2nd. look here. it is a mixed picture. nasdaq creeping into positive territory a short time ago. ahead of the open, the dow and s&p are at record highs and nasdaq at the highest level

since november of 2021. important to note, the nasdaq 100 hit an intraday high on friday. you have to look at berkshire hathaway surge in the fourth quarter helped by the japanese banking bets. we have amazon and uber joining the dow industrials and transports today. we will have more on the moves in a moment. we are checking the bond market. the two-year yield lagging a bit here. the benchmark at 4.2. we will talk about the impact of the higher rates on the market in a minute. oil is coming off the worst day in weeks. it is trading lower, wti down .50%. brent crude down a bit more. that is the set up. let's see how europe is shaping up with carolin roth in the london newsroom with the early action. carolin, good morning. >> good morning, frank.

very similar picture to what you see in the u.s. this morning. we are pausing for breath with the stoxx 600. we hit the record high last week. same applies to the cac 40 in france and the dax in germany. it is pulling back for the most part. the dax has a gain of 13 points here. we have a couple of earnings on tap from lufthansa and a lot of data on tap with the eurozone inflation. i want to let you know that you may have the magnificent seven, but we have the granolas. the 11 stocks powering the equity markets to the record highs recently. they have, according to goldman sachs, accounted for 50% of the gains on the stoxx 600 with novo nordisk and asml among those. we will see if the granolas can

continue to power us to new highs. a quick check of the sectors this morning. we are seeing autos and oil and gas and basic resources are pulling us lower here. basic resources on the back of the pressure with metal prices off 1.9%. on the other side of the board, financial services and technology and insurance showing very modest gains. frank, back to you. >> carolin roth with the granola trade during the breakfast hour in the u.s. thank you. turning back to the markets. investors awaiting inflation tests from the u.s. and europe and japan to refine the path for future rate moves. the core pce is due on thursday. forecasts call for a rise of 0.4% in january following the hotter than expected read on consumer and prices with the cpi and ppi. traders pushed out the timing of the first rate cut to june with odds at 66%. there are several fed officials

speaking this week who could repeat their mantra. joining me now is ben emons at newedge wealth. ben, good morning. >> good morning, frank. >> here on cnbc and in the u.s., a lot of hand wringing with the fed and when it cuts. it hasn't been a factor so should investors watch out for the pce report? >> they should. they will keep the message about this is the rate which may have to stay higher for longer. that is starting to come into the markets. we could get a little bit of pressure here. as you mentioned, the rates have been pushed out. the fed doesn't have to cut rates at this moment. >> strength is putting it lightly, ben. so much momentum in the markets that the economic data keeps coming in. we are seeing momentum trade with the s&p and nasdaq and dow right now.

as an investor, what could stop momentum? maybe it is pce. is something else coming up? are the rates pushed out further? does that slowdown the momentum? >> it could slow it down, but i think people will take a look at the valuations look accelerated. on the other hand, we did get some broadening of the rally in sectors. retail or health care is happening. it is about the economy strengthening. in a way, it keeps rates higher for longer. maybe take some of the momentum off the top at this moment. >> to your point, consumer staples is leading last week. so talk about momentum and we have to talk about nvidia. you gave us a great chart. according to you, the technicals are showing consolidation with the chipmaker. you think that is a good thing. consolidation is not a good thing usually with a stock. >> with the movement in the stock and it is overbought and

that consolidation shows the moderation. we have seeing a pause off the earnings and say if there is more to go, you have a better level to entry. >> we will talk about berkshire hathaway. i know newedge doesn't own berkshire hathaway. maybe a month or two ago, were you bullish on japan. you made big bets on japan. how much longer will you look to ride that trade? >> we are sticking with it for the time being it is not only berkshire hathaway in the banks, but the semiconductor industry is accelerating there. plus, the bank of japan has not pulled away any stimulus and the economy is doing okay. it is a good market. >> looking at the central bank of japan and here in the u.s. ben, thank you. time for the check of the top corporate stories with silvana henao. silvana. >> good morning, frank.

let's start with the national association of business economists are raising growth forecast for the year andi movig it to 2.2%. that is one percentage point above the estimate. three quarters of people respond a soft landing for the economy with three rate cuts it year and most predicting the first in june. at&t says it will offer a $5 billing credit to eligible customers affected by the outage last week. in the letter to employees, john stankey says that credit will appear within two billing cycles. shares of intuitive machines sinking after the company said the odysseus moon lander had fall ten on its side mernear th south pole. you see shares down 34% in

pre-market. >> the stock going to the moon last week and now down 34%. silvana, see you later on. a lot more to come on "worldwide exchange," including the one word that investors have to know today, plus much more on the wall street record run and how much longer names like nvidia can just continue to power the rest of the markets higher. later, shares of berkshire hathaway set to open at a fresh 52-week high and one metric says the stock may be set for a pullback. first, the a.i. frenzy reaching a fever pitch at the mobile world cgroness. arjun kharpal has latest from barcelona coming up. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it.

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why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. welcome back. the world's largest event for the telecom industry kicking off in barcelona. the biggest item on the agenda is artificial intelligence. we have arjun kharpal with more. >> reporter: good morning, frank. you hit the nail on the head. a.i. everywhere and every smartphone maker and telecom company talking about a.i. the big buzz is a.i. phones. what does that mean? every company is talking about the camera or a.i. apps they have, but actually analysts agree a.i. phone means more advanced chip sets offered by qua qualcomm, for example. the big theme is device a.i.

a.i. a.i. yapps are on the phone and now looking at ways to do functions on your phone. this will make those faster and more secure and new experiences. this is not widespread yet. technology is still developing. you have seen examples and visions from the companies. samsung launched a few weeks ago to circle an image on the phone and search without the need to go to the search engine. here is the chinese branch with the eye tracking phone that shows the phone is able to look where your eyes are pointing on the screen and carry out functions. it showed how you can control a carwith the technology as well. the ultimate goal is they want your phone to be the ultimate a.i. assistant to you. they want to know what you want and book things like hotels in the future.

that is a long way off, but frank, walking around the show here, you can see a.i. will dominate the smartphone industry. back to you. >> arjun, you are working hard with the tie on and not the turtleneck. that means serious business. you mentioned the devices that let's you use a.i. appss using your eyes. what else are you seeing? is there talk about semiconductors or chips there? so much buzz on wall street and global markets is the nvidia trade with hardware is chips. >> reporter: i'll start with the chip question, frank. chips is a big topic here. in the mobile space, it is qualcomm that dominates and how the latest generation of snap dragon chips help facilitate the applications. qualcomm making a big splash around the chips. media tech, a taiwanese company,

doing similar things. the chips will unlock the tools. things like samsung revealing the galaxy ring. the first ring you wear to track your heart rate monitoring and sleep. that a big push from samsung into health. they say they want to get to a stage where a.i. can be a coach. one of the things i saw was a laptop with a see-through screen to put objects behind it and the laptop read the object. a few innovations coming from the show and we will see if they eventually make it to market. >> see-through screen? you can put something behind it? >> reporter: yes. see right through it. you see what is in the background. concept device from the chinese firm lenovo. not brought to market yet. they will show up how they can

bring future innovations going forward. >> arjun kharpal with the latest in barcelona. arjun, thank you. coming up here on "worldwide exchange," another shutdown showdown shaping up in washington as president biden gets set to meet wittoh p congressional leaders. m more "worldwide exchange" coming up 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, available at

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i'm frances rivera with the nbc news headlines. we start with the race for the white house. the political network funded by charles koch will no longer send funds to the nikki haley campaign. according to the email obtained by nbc news, the group says they can no longer believe they can make a difference. it comes one day after haley lost to former president trump in her home state of south carolina's primary contest. president biden is expected to host party leaders from the house and senate tomorrow. the president will urge la lawmakers to pass the foreign aid package which passed in the senate with bipartisan support. the president is also expected to push lawmakers to avert a looming government shutdown which could begin on march 1st. and there is no stopping the "oppenheimer" juggernaut. it won three trophies at the screen actors guild awards. on the tv side, "succession" and

"the bear" won for their respective genres. frank, you are up to date. back to you. frances, thank you. we are watching shares of berkshire hathaway on the back of the latest quarterly results over the weekend after hitting the 52-week high on friday. earnings jumping to nearly $8.5 billion. boosted by the insurance business. warren buffett speaks about geico. berkshire hathaway is sitting on a record cash pile of $168 billion. touching on the cash pile in the annual letter to shareholders, warren buffett said there are no attractively priced acquisitions now. berkshire hathaway will swoop in when the casino-like stock market seizes up. let's bring in barbara

goodstein. she represents a community with 100 members with $40 billion in assets. that includes stakes in berkshire hathaway. barbara, good morning. >> good morning. >> i hate to start on the down note, but first quarter without charlie munger. did that influence your view of the stock or quarter? >> we actually thought that the stock was in solid position and that was the goal. that's what charlie munger and warren buffett built. built a stock that was resilient and built it for succession planning. we anticipated no hiccups. we were correct. it performed as expected. >> a strong quarter for berkshire hathaway. we have to talk about the cash pile. $168 billion. that's a lot of money. i looked this up. apple has $40 the40 b$40 billio.

you said that aligns with you and the 360 community. why? why not have that money work in the market? are you worried that the company is missing out on huge gains? >> i think the missing out is a risk. what you want to do is sit tight and wait for the best opportunity. warren buffett is a value investor and many of our members are value investors. we have two of the top value investors who meet with warren buffett. they used to meet with charlie munger. this is the strategy. you have to sit tight and be patient. that means you have financial resilience even in a worst-case scenario. >> warren buffett was the first to bet on japan. what do you think about the japan investment? do you feel there is more room to run? he put money into the japanese markets. >> japan is consistent with all of his other investments. he is looking for opportunities for something that is under

valued with long-term growth potential. our members don't need the money short-term. they are looking for something that has long-term upside so they can pass it on to future generations. that's what warren buffett does. >> i want to ask about berkshire hathaway being in conglomerate it is. so many different businesses. railroad with bnsf and insurance business and big investments in other companies. are you worried this company will suffer conglomerate diskd discounts? are you worried here when it comes to berkshire hathaway, especially with bnsf with the full-year earnings down 14% year over year. >> that is why warren buffett is particularly diversified. he is looking at companies in different sectors and now looking at companies in

different countries. he is diversifying within the portfolio. we have great counfidence in ths stock and great confidence in him. that is why we use this stock and pass it on from generation to generation. we are not focused on short-term earnings. we are looking at what is happening for the long term. >> hard to argue people with billions of dollars. barbara, thank you. coming up on "worldwide exchange," rich valuations and investor fatigue and growing competition. we look at the risk to the a.i. sector rally and how lmuch longr nvidia can keep reaching record highs. we are coming back here on "worldwide exchange." stay with us. oh no, a rash. maybe it'll go away. awww, how am i going to find a doctor i'll actually like?

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it is 5:30 a.m. in the new york city area. there's a lot more ahead on "worldwide exchange." here's what's on deck. stocks kicking off the final week of the solid february for the markets. investors looking for the stress test from the fed. last week's driver from the marketss continues to hit fresh highs with nvidia. that stock up again this morning, but how much longer will they keep the momentum moving and should investors get concerned? a $4 billion deal taking shape with the chipmaker and one private equity player. it is monday, february 26th, 2024. you are watching "worldwide exchange" here on cnbc.

good morning and welcome to "worldwide exchange." i'm frank holland. i hope you had a great weekend. let's start the trading day with the half hour check on the u.s. stock futures with the dow and s&p sitting at fresh record highs. look at the mixed picture. dow would open 30 points lower, but off the lows from earlier and the nasdaq is ticking higher in the green. it started the show a little bit in the red. you see the s&p is flat. we want to look at pre-market movers and the laggards in the dow. honeywell and apple down about .25%. here at the bottom is amazon up just fractionally in the pre-market. we want to check the bond market with the two-year note yield at the highest level since early

december. 4.68%. last, but not least, oil coming off the worst day in weeks. oil is down .50% with wti and brent crude. brent is trading at $81.25 a barrel. these the set up. let's check on the top corporate stories with silvana henao. silvana. >> frank, good morning. broadcom nearing a $3.8 billion deal with kkr. according to reports, the deal involving broadcom's business to allow users to access desktops and applications from any device. the deal could come as early as today marks the latest effort by broadcom's ceo to streamline the company portfolio after completing its $69 billion takeover of vmware in november. the u.s. and uk carrying out

fresh strikes on a dozen houthi targets in yemen over the weekend. in a joint statement from the governments, officials say targets included underground weapons and missile storage facilities. the strikes mark the latest by the u.s. and uk in response to the houthi attacks on ships in the red sea. united health subsidiary change health care continuing to recover from the cyber attack. united says it has identified a quote suspected an actor behind the attack. it has resulted in descrprescri delays in the u.s. f, frank. thank you. we are watching the wall street

reaction from nvidia. the two dozen price target upgrades following the blowout earnings report. analysts are targeting $868 per s share in the next few months. the low is $535. it is not just the pure play stock, but a number are riding the rally with the global robotics and artificial intelligence etf. the roundhill a.i. tech and invesco etf are all on the chart and moving higher in the past week. as nvidia closes in on the $2 trillion market cap, there is a consensus forming. if this is an a.i. bubble, the boom is just getting started. joining me now is pedro palandrani and gunjan benjari.

>> good morning. >> we heard the valuation is too high and the stock is overbought. it is a cyclical business. nvidia is moving higher. what could stop the momentum? >> frank, that is a good point. taking a look at the trading activity and i did not see a lot of skepticism with the options activity. right now, i don't think a lot of people are looking at that downside case and the cycle being over. they are saying it is like the internet decades ago with the tech boom that lasted year. i think that is the scenario that more people are eyeing right now. >> people are eyeing that. pedro, do you see any obstacles moving? we saw profit taking before the last earnings report. the stock continues to power higher. >> i think whoever is thinking

that this is a bubble, clearly is not understanding the full picture very well. from the fundamental standpoint, the company is trading all these earnings forward. the company is expected to make $110 billion in top line revenue next year. even from the competitive standpoint, the companyis going to be able to maintain a 60 plus market share within the next five years. today, they have 80% market share and that is not only coming from the hardware side, but software side. >> pedro, you mentioned the top holding or the holdings in the etf. i want to ask you about the fed

inflation gauge here this week. pce. is the fed a factor with nvidia's momentum and seeing the rate cuts pushed out. does that impact the stock? >> i think when we think about artificial intelligence in general, we speak about the trends that are impacting the economy and societies. these are long-term investment opportunities. in the short-term, we are paying attention to what will happen on the interest rate side of things or inflation side of things. for investors trying to capture this opportunity long term will be not as important. when it comes to artificial intelligence, i think we all can agree this is going to be one of those shifts into technologies over time. they will add $16 trillion in gdp growth over the next five years or so. that isreally the opportunity that investors should look for instead of focusing on the short-term. >> gunjan, surging nvidia stock

is drawing in more believers. i want to come to the other side of that. s3 partners said short sellers lost $3 billion following the blowout earnings report from nvidia. when you look at the push and pull of people who were doubters and believers, what will keep people investing? what needs to happen? >> i think the momentum is at the stock's back. this is the stock moving around like crazy and prone to be explosive in one-day moves. we are seeing people bet the momentum continues. there sis a snowball effect. people see it rallied and there are bullish option trades. $20 billion betting on nvidia last year.

the trades paid out. that draws more investors into nvidia stock. that is what is happening right now. right now, a lot of people are betting it will continue because let's not forget about s3 partners and betting against it has been a losing trade. that sends short interest activity around those to the lowest levels on record. >> pedro, last question to you. the bots and nvidia is 20% of the holdings there and the a.i. q. all of the magnificent seven names capped at 3%. i want to ask about the latter. you believe a.i. has a long way to go and why cap any of those? why not put nvidia at 20% of all of the etfs? >> that is a great question, frank. when we think about a.i., it is just at the beginning of the a.i. cycle. there will be so many companies

that stand to benefit. actually we believe the hardware layer, like today with nvidia and themagnificent seven companies benefitting, is not the main vertical that it will benefit the most. we believe the interface companies that are going to allow consumers and businesses to experience the shift in technology are the companies to accrue the value on the equity front. the software service like adobe or service now. beyond nvidia on the hardware side, you have companies like qualcomm and broadcom. you will capture the full opportunity ahead with the cap on those magnificent seven companies that you described to allow investors to have a diversified basket and exposure to the companies. >> thank you for your time and insight. have a great day. coming up, uber set to

shakeup the dow transports with the addition of the ride sharing giant. what does it mean for the index and flat start to the year? stay with us. we'll find out next. causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve memory. prevagen. at stores everywhere without a prescription.

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over the uncertainty of vaccination rates of covid and rsv shots. time for the global briefing. alcoa making a $2.2 billion takeover offer for alumina. alcoa had offers for alumina. the deal will make it less reliant on others to supply refineries and better weather swings. south korea boosting shareholder returns seeking to replicate japan. the nikkei is at an all-time high and south korea's measures are tax incentives for shareholder returns and korea value up index for firms that improve the corporate governance. taiwan semi opening the first japan factory this weekend. it is trying to diversify the supply chain while mitigating

risk. the company is expected to start construction on the second factory in japan by the end of the year. we have big changes to the dow and trans porttransports in opening bell. uber and amazon changes the importance of individual stocks within the price weighted index. the higher the stock price, the more it moves the index. uber replacing jetblue with the .25% weighting. amazon will have a nearly 3% weighting replacing walgreens. it is important to note due to the stock split, walmart is lowered to 1%. i spoke to a number of investors and analysts about the changes to the closely watched indices. it strengthens the dow theory. >> it does reflect what is going on. who hasn't spent a dime or

dollar with amazon and forget last week or 24 hours. with the dow theory, the airlines are the weakest part of the dow transport theory. if anything, they're counter to the dow. the dow transports would perform better in the prediction of the o overall economy if the airlines were not in it at all. >> it is just more reflective of real-time consumer trends. freight focused stocks are dominating. old dmin diominion is the lates to join the dow transports. honeywell and amgen under performing the blue chip index and the market. let's talk about the uber

addition to the dow transports with jason seidel. jason, good morning. >> great to be here. >> jason, adding ride share to the dow transports. is that a meaningful addition? >> i think it makes the pre predictability of the model better. right now, we are focused on the freight sector and what freight tells us about the economy going forward. >> speaking of the freight sector, you downgraded earnings estimates for the sector for trucking and rail. what led you to do that and what do you see that would lead you to downgrade estimates? >> we really took estimates down for everything but the less than truckload sector. if you look at the expectation for demand this year, it is muted in the first half of the year. everyone is looking for that back half turn around.

i should point out that is not just the public companies, but when you look at the surveys we put out in the rail and trucking sector, the private companies are looking for a back half turn around. everybody is pushing expectations out a bit. >> i think the thing that reflects the transports with trucking being 75%of the market is the trucking rates. contract rates like walmart or target, contract freight movement, is down 11% year over year. who do what does that tell you about retail? >> contracts are moving on a spot market out there. what we have on the truckload side is an overcapacity. a lot of trucking companies started up and came into the market with the supply chain crisis with rates being through the roof.

truckers built up a war chest from those great freight rates and money from the government and it is taking longer for the capacity to correct itself. i think as we move throughout the year, you will see that happen. i think spot rates will be stronger especially as we get through the spring shipping season. >> jason, it is always great to see you. thank you very much. glad to have you on. coming up here on "worldwide exchange," the one word that every investor needs to know and markets are gearing up with the big test from the fed with the inflation gauge with the pce reading. what it could mean for the next moves. during february, cnbc is celebrating black heritage. here is the ceo and president ramona hood. >> it's truly an homage to reflect on the stories of those who have broken barriers and inspired the next generation. it was representation that

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operating earnings soaring to over $8.4 billion. the results come as warren buffett has been riding in five japanese institutions which are up double digits. the national base association raising the forecast to 2.2%. at&t will offer a $5 billing credit over the outage last week. john stankey apologized for the disruption. easy come, easy go. intuitive machines are sinking out of the open. it is down 36%. the odysseus moon lander tipped over on its side in the south pole. hong kong shares of nio are

sinking after jpmorgan chase downgraded the stock. the bank rating the company at a sell with a $5 price target from the previous $8.50 target. here is what to watch ahead. durable good orders are due out and new home sales and consumer confidence. results from hp, best buy, tjx, salesforce and zoom and macy's. the big event is january pce with the latest clues on the inflation fight. we will watch that closely. ahead of all this, let's see how the new trading week is shaping up. dow and s&p coming off all-time highs from friday's sessions. futures are mixed. nasdaq in the green as the dow and s&p are down in the red. for more, let's bring in victoria greene.

>> good morning, frank. >> what do you see in the pre market? the dow and s&p finished at highs last week. interestingly enough, the nasdaq hit a high and then closed lower. what do you makeo over in the pre-market? >> i think the second half of february is weak. you could see a pull back because everything has been hot recently. nothing could lose last week on the heels of nvidia. you have a few more earnings on the hardware side. you may see pc coming in hot. generally speaking, this rally is great. historically speaking, the back half of february is lighter. we could see a little bit of a pullback this week if we don't see the earnings numbers justify. some of the technology names reporting this week. >> we have big names after the magnificent seven. i want to look ahead to the day ahead and the environment where i'm in right now and give us your "wex" word of the day.

>> i had to make up a word to fit the market. i call it nivana. nirvana and nvidia combined. it has brought enlightenment to the market. this could continue even if we get rocky on the short-term. everybody should feel good about that one. >> this is the second time with short-term disruption, but the momentum trade is going to keep going. i want to ask aside from the short-term disruptions which is natural, is there anything to stop the momentum of nvidia? is pce the thing we need to watch out for here? >> i think pce will come in hot. we know it came in hot with ppi and cpi. it is not necessarily fully known. it is known that it should be hot this week. i think one data point is not bad. it is expected. the problem is will this be sticky? we can forgive pce being hot.

it will be okay. what happens if february is sticky and the market continues to re-price? the market has been driven more by earnings than fed expectations. saw the ten-year yield stable last week. we had the meeting minutes. you had activities that were not super dovish. if earnings come in, you could see that continue to counter balance as the fed backs off. we said we never expected march. we thought june or july was reasonable for cuts to begin. pce -- is this a blip or a trend? we can take one bad month, but two or three sticky months, people have to re-price. >> vicky, the pot hole in the road higher for the market for nvidia for a lot of things. something else i want to touch on. speaking of earnings, berkshire hathaway with the 52-week high. this stock, if you look at rsi,

it is overbought. is that something you are looking at in the market? nvidia overbought and berkshire hathaway is overbought. is that a concern for syou? >> it moved a little bit too far too fast. they have been overbought since january. this is not a new reading. when you have a fast upload market like this, it is likely to stay in overbought longer. i'm not necessarily too concerned. i think this means that some of the leading names are hitting territories and new highs or all-time highs on some of the stocks. you have to be careful. i like to trim in these areas. i might take a bit of earnings off. they moved up. you will talk about opening up 20% on the year today for berkshire hathaway, that's huge. >> i want to get to your pick. dell earnings are coming up this week. you are seeing a reacceleration in the pc market.

dow was down last week. the market was flat. valuation is 25 times forward earnings. give us the elevator pitch. >> i do think pc market is bottoming and they have good exposure to the data base side and enterprise side. not the hyper scaler side. i see i.t. spending getting better this year. it will be about the guidance like any other technology stock. the pc market has been slow. i expect that to continue to bottom out. i expect we see more i.t. spend and up beat guidance. i'm looking for more going forward. >> victoria, thank you. that does it for us. "squawk box" is coming up next. d a doctor i'll actually like? is that a qr code? dr. stafford makes you feel at ease. thanks rash! you've got more options than you know. book now.

good morning. stock futures with little changed after the dow and s&p closed at record highs on friday. we'll show you what's moving right now. warren buffett's cash pile soaring to a new record. the berkshire hathaway ceo said deal options that could move the needle had been endlessly picked over already. at&t's ceo apologizing for the network outage and offering some customers a $5 credit. figure out where you will spend that. it's monday, february 26th,

2024. "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 andrew ross sorkin along with joe kernen. becky is off today. it is just the boys keep saying on. u.s. equity futures. 36 points down if we opened up now. nasdaq is looking to open higher. six points higher. s&p off two points. treasury yields with the ten-year note is 4.244%. the two-year note at