it is 5:00 a.m. here at cnbc global headquarters. i'm dominic chu in for frank holland today. here is your "five@5." coming in hot. digesting the hotter than expected inflation report and what it means for the powell policy playbook in the months ahead. we close out the week as technology looks to do something for the first time since october. beijing is not giving up without a fight after former treasury secretary steven mnuchin is looking to buy tiktok from bytedance. a rare showing of confidence

for boeing from one major airline's ceo. his comments coming up in a cnbc exclusive. later on, the stock that could replace tesla in the magnificent seven and why today may be the opportunity to get in at a discount price. it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. good morning. welcome to "worldwide exchange." thank you for being with us on this friday morning. let's kickoff the hour with the check of the u.s. equity futures after the first down day for the dow on the last four on the back of the ppi. the dow implied higher by four points. s&p by three points. the nasdaq down by eight. very, very steady for the time being. heading into the final trading day of the week, the

major averages are holding on to thinner gains. .50% gain for the dow. s&p is in a similar move and the slight discounted gain for the nasdaq. you have to not so far for the nasdaq 100 overall on pace for the first back-to-back weekly loss since october. checking on bond market yields. slightly lower for the ten-year yield. a decent move higher in the last couple weeks. t two-year knnote is a hair below 4%. taking a look at oil prices. u.s. benchmark wti at $80.63. similar move for ice brent crude at $84.78.

gasoline futures are $2.69. a wild week for bitcoin where is hovering above the $67,000 mark. we were above $70,000 the last couple days. it is down 3.5%. look at the last week. a roller coaster ride for the largest cryptocurrency. turning to breaking news in japan. steve sedgwick is joining us with the latest from london. good morning, steve. >> dom, i want to call it hot. japanese wages. that is where all of the japanese companies companies. the hottest figure we have seen in 33 years, dom.

they have come in at 5.3% wages. the rest of the central bank and fed and ecb and bank of england wants salaries to come down to cut interest rates. they want to raise rates in japan. the world is on its head. japan is the only place, the bank of japan is the only place where we still have negative interest rates. ultra loose monetary policy. the yen is under pressure. look at the yen against the dollar over of the last two years. it has plummeted. the dollar has rallied. all of the exporters are getting gorgeous terms of trade. in the meantime, the bonds with the hot data out of the u.s. in terms of the ppi and the cpi, but my goodness, the japan ten-year paper trades at .8% as opposed to the u.s. at 4.2.

it trades low because it has something called ycc. yield curve control. it caps it at a reference point of 1% as well. the world is turning on its head. japanese want higher wages and rates out of they gotive terr negative territory. they may well do it. back talk. >> steve sedgwick in london with the latest. thank you. turning to the chip sector. a news alert from washington, d.c. bloomberg is reporting that the u.s. plans to add $6 billion to samsung electronics to expand beyond the $25 billion project in texas. not just samsung, but the white house is looking at extending funds in the forms of grants and loans to intel with the announcement from commerce coming next week. intel and the commerce department declined to comment on that. intel has been seeking funds to

expand in ohio and arizona. two states which are two key swing states for the administration in the upcoming election. keep an eye on that. let's check on the corporate stories with silvana henao. silvana, good morning. >> dom, good morning. the ceo of cleveland cliffs says his company would consider another bid for u.s. steel should the deal with nippon steel fall through. any bid would also be at a much lower price point. in a statement, nippon is set on closing the deal as it delivers clear benefits to union workers and the american steel industry. lyft and uber will stop operating in indianapolis after they are looking to increase driver wages to the local minimum wage of $15.57 an hour.

lyft calls it deeply flawed and makes operations unsustainable. the chinese government is reportedly signaling it will not allow a for sale of bytedance's tiktok after the houseforced it to pass a bill for the sale. this coming after steven mnuchin is working on a deal for the platform. >> i think the legislation should pass. i think it should be soft. i understand the technology. i'll put together a group to buy tiktok. >> you are trying to buy schenectady. >> itiktok? >> i am. there is no way the chinese would ever let a u.s. company own something like this in china. >> mnuc hin adding he doesn't

think tiktok should be shutdown. dom. our next guest says the alarm for the federal reserve. ben emons is here with me on set. let's talk about the wholesale business information report. how much did that reset the fed and maybe the markets expectations for what things could look like in the coming months? >> i think it did, docm. this was hotter on the headline and showed price pressure, but you look at the numbers and the government has an effect on the economy. it pbuys goods and services. that is all coming through the ppi data. the disinflation is reversed and

coming back to pinflation. you cannot cut into the strength of demand. if you do, you infuse more demand. the fed will stay on hold. >> what are the markets saying on the bond side and stock and equity side with regard to where they think rates could be going forward? the markets have been pretty resilient on the stock side of things and the bond side of things with the ten-year yield back at 4.29. >> the ten-year yield should be higher. >> higher to what? >> i think it will be more at 4.5 or 4.75 range. that reflects the fed will stay longer to ensure we are not getting an overheated economy. we have a strong economy. the stock market appreciates that. >> is the recession narrative at the market has been putting out

relatively more robust now than it was? do we feel an economic downturn is more likely? >> i would say less likely because we are having investment in the economy and it continues to show surprises in the data points likeexample. the rescicession narrative is n correct. whoever is president, stimulus is coming. one of them will look to push the economy. this economy is in a strong trend here. the recession will not happen in my view? >> where does recession go? >> we are in the rotation idea. if the semiconductors had a strong run, you will see the spillover to energy and financials and health care. those sectors will benefit to nvidia's earnings. technology showing up in those

sectors. we like those. interest rates should be higher. you don't want to be at the overweight with the 30-year bond. stay in the shorte end. i think you will do well. >> ben emons with the trade. thank you. >> thank you. >> for more on what is driving the markets and trading day ahead, go to cnbc pro for exclusive insights and analysis there. we have more to come on "worldwide exchange," including the one word that investors have to know today. first, can disney do it twice after the pandemic success with "hamilton," will taylor swift move the needle? and why shares of ulta are falling ahead of the opening bell. and later on, a rare showing of confidence for one ceo. we have a very busy hour wstill

ahead when "worldwide exchange" returns after this commercial break. the first law of thermodynamics states that energy cannot be created or destroyed. (♪♪) but it can be passed on to the next generation. (♪♪)

her uncle's unhappy. but it can be passed on i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for.

welcome back. we have a market flash. the fda approving a drug from mardrugal pharmaceuticals for liver disease. it will be available in april. novo nordisk and eli lilly are testing their drugs to treat as

well. taylor swift has sold out stadiums worldwide and ruled the box office with the concert film and now brought "eras tour" to disney plus. if you are a true swiftie, you watched it all the way through for the second time. welcome to "worldwide exchange." it takes that long. landing the tour was a major win for disney which paid $75 million for the streaming rights. will it be enough to move the needle for subscriber growth? let's bring in the media and business writer for the hollywood reporter. alex, thank you for being here. this is big for disney plus. it is huge. it is a caultural revolution fo taylor swift. is this going to be the catalyst that disney needs to get disney

plus subscribers going again? >> taylor swift is the biggest thing in entertainment. i think the eras tour movie can absolutely drive new sub descrisubdescribe subscribe arers to disney plus. as they move advertising to the service, it keeps people watching for hours. it is the right content at the right time. reports are it costs $75 million to bring to disney plus. it is what they need to drive growth at a time when they need it. >> alex, it has been spoken about for a long time with regard to streaming that the way you get people on there is to do live events. this is not a live event. it is live-ish. you see the concert and feel like you are there, but it is not going on right now. is this the new model? could we see live and live-ish events across more of these

streaming platforms? is it not just disney plus, but everybody has to get on the train? >> if you excuse the pun, we are entering a new era of the streaming wars here where they need to drive the event programming. whether that is literally live program with the fight with jake paul and mike tyson or the live-ish programming like the eras tour, that means they need a reason to subscribe and stick i around. peacock had the first nfl game a few months ago. >> peacock is owned by our parent company nbc universal. can you handicap the moves that the major ones they need to make? we know the taylor swift eras tour is part of the mix, but

what does paramount need to do and netflix need to do and all of the streaming platforms need to get done with regard to the content in the coming months and quarters? >> they have to balance the content spend. realize how much entertainment do you need on the platform and invest in event programming to bring people to the service. it will be a real balancing act here. i do think in the long run, we will see content spend come down a little bit. we will see more of a shift. maybe less scripted dramas and comedies. maybe more boxing or nfl if they can make it happen. more event-type programming like the eras tour as they rational rationalize where they spend on content. >> economic rationalization. alex, thank you very much. see you soon.

>> thanks, dom. ahead on "worldwide exchange," we head to la-la land where some are getting their stars on the walk of fame jua usba.ndustry ph ck liboorstin takes a look at that story coming up. s born with grit. british announcer: rose is really struggling. it's something you build over time. american announcer: that's 21 missed cuts in a row. [car trunk slammed shut] for 88 years, morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out]

welcome back. i'm frances rivera with the nbc news headlines. deadly storms tore across the

midwest knocking out power. two people were killed in ohio. officials say half of the buildings may have been damaged. james crumbley, the father of ethan crumbley, has been found guilty of involuntary manslaughter. he was negligent for failing to prevent his son from killing four students in 2021. he will be sentenced in april and face up to 15 years in prison. ethan crumbley is facing a life sentence. alec baldwin is asking to dismiss charges. defense attorneys say in the new court filing, the prosecutors stacked the decks against baldwin. the jury received inaccurate testimony of the revolver involved in the fatal shooting.

dom, back to you, with the friday headlines. >> frances rivera, thank you for the headlines. time for the big money movers. shares of ulta beauty falling. the fourth quarter sales beat forecast by 10%, but ulta isnua estimates. and pagerduty's sales are expected to come in below estimates. management has seen strong momentum from enterprise customers, but they see headwinds from small businesses. shares are down 8% pre-market. zumiez stock is falling as the first quarter guidance is below expectations. the company saw strong sales in north america, the global environment is challenging and it is adjusting accordingly.

turning to artificial intelligence in hollywood since openai laurnched. tyler perry said it will hurt the industry after the strikes with fears of a.i. taking jobs. we have julia boorstin with the latest on the entertainment business and a.i. >> reporter: hollywood studios are testing new a.i. tools to help cut costs and speed up work flow. after the fear of a.i. taking writers and actors jobs last year, the market for generaltiv a.i. is expected to grow from $1.7 billion this year to $11 billion in 2032. one platform enables users to turn text and images into videos

with a range of styles and edit them or change clothing or add another character. it can generate audio for videos. the leader in the space is valued at $1.5 billion with backing from google and nvidia and salesforce and others. it gave create todative control videos. >> you have a shot of something you created and allowing you to control at a pixel level and how you want the camera to be positioned or moved is important. that is what this allows you to do. >> reporter: story boards or art direction would have taken weeks and now can be made in minutes. it is not just video generation. studios are exploring ways to use a.i. from summarizing scripts to helping design sets or costumes or editing.

technology brings concerns with the union representing the crews is proposing protections for jobs which could be threatened by a.i. and considering a strike. the sources at studios tell us a.i. can create new jobs to meet the need for 3d rendering. >> thank you, julia boorstin, for that report. coming up on the show, the stock that could replace tesla in the magnificent seven and why today may be the opportunity to get in at a discount price. as cnbc celebrates women's heritage month, we are sharing the stories some of the newly named cnbc change makers are transforming the business world. as we head to break, here is ceo molly he. >> when change makers challenge the status quo, they will meet

adversity. i think the change maker will have to be driven by a profound higher purpose to bring great benefits to human society. only then will the change makers motivate themselves and transcend adversity into motivation.

you can make money the hard way as a bullfighter or a human cannonball... or save money the easy way, with xfinity mobile. existing customers can get a free line of our most popular unlimited plan for a year! not only will you save hundreds but you'll also be joining millions who have connected to america's most reliable 5g network. sure is a lot safer than becoming a stuntman for money. get a free line of unlimited intro for a year when you buy one unlimited line. visit xfinitymobile.com today to learn more. just coming up on 5:30 a.m.

eastern time in new york. there is still a lot ahead on the "worldwide exchange." stock mornworking to close out week in the final hour of trading today with futures surging for direction. no questions about which way adobe stock is moving. shares are plunging. could today's selloff be an opportunity to get in on this possible magnificent seven alternate? and commercial real estate reckoning. from jay powell to goldman sachs. a mixedsis and which key player is bullish on the year ahead? it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. welcome back to "worldwide exchange." i'm dominic chu in for holfrank

hol holland. the dow stamping the three-day winning streak yesterday and right now the dow is implied higher by 34. s&p by 6 and the nasdaq higher by one point right now. we are preparing to wrap up the trading week and all three are holding on to thin gains right now. all up .50% to .1%. bitcoin prices are testing new highs this week, but pulling back with the levels at $67,091. that is down 3.25%. one stock weighing on sentiment is adobe. the weaker forecast is overshadowing an otherwise strong quarter as investments in artificial intelligence continue to payoff. the ceo praised the adobe advances in a.i. just on cnbc yesterday. >> i think the research that

exis exists is incredible. not just openai, but adobeas well. i look at the text-to-video in what it relates with the models and embedding that with premium pro. >> it is out performing one questionable member of the magnificent seven which is tesla. tesla, by the way, hovering near a ten-month low following two downgrades from ubs and wells fargo. t tesla the worst performer in the magnificent seven. could it be time for another to take its place? let's ask alex kantrowitz.

alex, some say tesla is not performing the way the othering magnificent seven stocks are. is it too early to kick it out? >> i would not be opposed to having a magnificent seven to a super six. we know tesla will have tough times ahead with the discounts and potentially flat growth. look at where the story has gone from the ev story with elon musk to a.i. you put nvidia in there and it is tough for tesla to have fundamental issues and story issue. if you want to go super six instead of magnificent seven, i'm for it. >> we spoke about adobe and what is happening there. adobe is the beneficial area of the a.i. buzz and creative suite for people who use their products has been a huge driver of the growth at adobe. is adobe one of the stocks that

could maybe be that stealth magnificent seven stock? >> adobe is impressive. of course, it beat earnings, but they had sluggish expectations for the quarter and that is a concern. they are not seeing the new revenue they were expecting. guidance was almost about not seeing as much growth as they expected in the creative business. i think adobe doesn't have this magnificent seven/super six type. it is really a one-trick pony. it is a great trick, but it is all about creative services. netflix. why isn't netflix in there? it is one trick. others enable people to build on top of their technology. adobe has a certain segment of the society with photoshop and illustrator and all that

software. it is a certain segment of the population. >> alex, do investors and do folks out there care about any other tricks than a.i. these days? that seems to be the only thing driving the narrative amid the big mega cap technology companies. >> it doesn't seem like they care about anything outside of a.i. these days. because a.i. is the trend doesn't mean any company that touches a.i. has to be included in the super growth. adobe has high multiple and the company, again, this is going to be incremental for designers as opposed to revolutionary. it is cool if you use photoshop to select something to use generation to fill it in. that is amazing. will that drive that many new licenses or many new designers to have to use photoshop as

opposed to driving to new programs to create images that way? that is the question on adobe. although a.i. is a big part of its story, i'm hesitant to say it will go to the moon like the others. >> adobe trade against tesla and others is one to watch. alex, thank you very much. have a knnice weekend. >> thank you, dom. after a rough week for boeing which is now down 25% since the midair blowout in january, a rare vote of confidence from one airline ceo. speaking with cnbc, the new ceo of qatar airways telling our dan murphy he has confidence in the plane maker despite the latest misfires. >> i know airbus and boeing have certain problems. we have full trust in both organizations that they are

strong enough to overcome those problems. we have continuous meetings with them. we will discuss the issues we are facing and they always come back to us with solutions. solutions they heare able to implement and we see the results of those solutions. i'll give you an example. we were supposed to receive two aircraft on a certain date. airbus communicated with us recently that they are able to deliver it earlier than scheduled. this shows us those two companies are strong enough to overcome the problems they are facing today. >> you are a key customer. have you had a conversation with dave calhoun over what isboeboe? >> we never stop communicating with our friends at boeing and

airbus. i think back to the dreamliner. the same issues. history repeats itself. look at the 787. one of the best in the industry. one of the best aircraft operating in our fleet. i'm sure they will overcome the problems they are facing currently with the max and let us give them time to ensure the solution they have will cater for the safety of our passengers. i'm certain they are capable. >> you are confident boeing makes save fe planes? >> 110%. turning to the property market. goldman sachs says they will resume actively investing in commercial properties in the

u.s. this year. the ceo sees a buying opportunity. this comes as the executives called the u.s. the most oversupplied office market in the world. investors had taken on too much debt. both of those remarks follow the chairman jay powell's warning during congressional testimony last week of the likely wave of bank failures stemming from the commercial real estate struggles. let's get more on where the sector stands with an insider. the ceo and president of marcus. one of the largest real estate financing firms in the u.s. you have a pulse on things. thank you for being here. >> good morning, dom. >> this is a debate. we have the bull and bears coming up. although, i would say there are folks out there like brookfield with exposure to the market. they have some weight. where do you stand on this? how good or bad is the commercial real estate market right now? >> you called out two of our

institutions we do business wih all the time. the book is being judged by its cover. office space is one reality. within office space,lower quality assets is one story. the rest of the office market is another story. the total exposure to the office loans which equal 3.5%. the coverage on the risk side of commercial real estate is so broad that it is creating the overall negative impression. you look at mulmultifamily properties. they are operating well. solid fundamentals. self storage and hospitality and shopping centers have staged a great recovery or have had really good supply and demand conditions. it is the concentration of older office buildings because of the

hybrid work environment that is under true distress. there is commercial real estate which is not under distress. >> is there a case to be made or reason why the focus is on that part of the market that could be a potential downfall? the reason why is because many times in history it has been that unseen factor or that piece of the market that people aren't necessarily saying it will be a big deal that could cascade into a bigger deal down the line? >> contagion is the concern. the total exposure to the obsolete portion of the office market is so small that we don't anticipate that contagion to be a problem for the industry or banking system. what is happening is the mark-to-market lead up to the assets. those are significant. the rest of the business is re-priced because of interest rates. a year ago, we were both concerned about interest rate increases and whether the

economy was going to go into recession or not. today, we know the fed is close to an easing cycle. maybe longer than we anticipated, but we are getting there. we have more confidence the economy not going to fall off a cliff. that is why you are hearing from various institutional investors that it is the time to buy. prices have adjusted. there is record capital on the sideline. when you combine that with the economy holding up well, you will see capital come back. >> where are you seeing the client conversations right now? where are you seeing the opportunity which lies within real estate? >> fascinating to see the demand for shopping centers and retail in general at the highest level in 25 years. both from the tenant perspective and investment perspective. we are the largest brokerage

firm. we are seeing shopping centers come back. there are many metros around the country where you have sub-15% office vacancies. that is a contrarian play. >> hassan, thank you. >> thank you, dom. >> have a nice weekend. coming up on the show, shares of rivian are juiced ahead of the opening bell today. we have the reason coming up next. stock is up 4%. to build the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy.

what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electric vehicle batteries. 65,000 stem graduates per year. one of north america's largest i.t. clusters. a fully integrated supply chain. all powered by one of the cleanest grids in north america. ontario. your innovation partner. ( ♪♪ ) (vo) what does it mean to be rich? ontario. maybe rich is less about. reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there.

the key to being rich is knowing what counts.

welcome back to "worldwide exchange." time for the morning call sheet. rivian moved to overweight by piper sandler. it should take a bullish stance on the excitement around the newly revealed r2 and r3 models. citi with the micron shares moving it to $95 from $150 per share. it expects upside in the results and guidance anance thanks to t demand for a.i. and an gug egenheim moving snowflake to an upgrade level. it is still remaining a valuable asset. shares on the rise this morning as well. time for the global briefing. workers at the japan's largest trade union expected to receive

a 5% pay increase. the robust wage growth is expected to influence the bank of japan's discussions of negative interest rates at next week's policy meeting. forecasting the first rate hike in decades may come in april. argentina's senate is rejecting the emergency call to rederegulate the economy. it would have slashed 100 regulations on rent and food companies and land ownership as well. the rejection comes as there is a radical vision which is struggling to come to life. and foxconn issues an up beat outlook for a.i. servers. the upbeat outlook is on the back of the foxconn previous comments which warned of the

expectations for 2024. ahead, one word that everyone needs to know today and our next guest is warning beware of the ides of march. what she is truckiacking in the markets today. if you missed "worldwide exchange," check us out on apple or spotify or your podcast app of choice. we'll be right back.

welcome back to "worldwide exchange." time for the "wex wrap-up." the one caveat is the offer price would be significantly lower than nippon. uber and lyft will shutdown in indianapolis after the wages lift which makes the operations unsustainable. the chinese government is signaling to bytedance, it would rather have the app banned than be sold off. steve mnuchin is looking to buy the app with an investor group. and fresh chips act funding with the $25 billion project in

taylor, texas. the white house is also looking to extend funds in the form of grants and loans from the chips acts to intel. the announcement is coming as soon as next week. and boeing 787 plunge on the flight to new zealand this week was likely due to a user error. officials believe a flight attendant hit a switch on the pilot's seat pushing the pilot into the controls and on to the plane's nose. investors sounding off over kevin plank as under armour's ceo. stocks are fighting to close the week with a marginal gain digging into the markets right now and what the options market are saying, let's bring in amy wu silverman. thank you for joining us on this friday morning. let's talk about if this is a

big deal or big day for markets given it is the middle friday in the month of march. could that witching happen this afternoon be a real catalyst for trading today? >> good morning, dom. not only is it options expiration today, but the ides of march which signals doom and gloom. it is interesting because the options market signals the opposite. there is volumeatility. it is on the upside and this up-crash is something we see. we continue to see the positive momentum that the options market is flagging. >> there is something interesting developing right now. many folks are using options more these days than over the course of the last several months. what do you think is triggering the wave of interest and options trading and where are you seeing the most action? what types of stocks and sectors with the trading volume?

>> you know, the most historic increases we have seen are in your a.i. names. nvidia. to answer your other question, why do we continue to see this? because it is working for those folks. you see the call options and if you have been long on them, they have been popular because they have been working and that continues the positive momentum that we have seen and puts this into the public atmosphere. >> where is the most heat? where is the most action coming from? you mention the semiconductor names. are you seeing a surge in volume elsewhere in the market besides nvidia or amd or others? >> it is interesting. the most common question we get these days is not what should i hedge with the market up so much, but what are the adjacent names to nvidia and amds as you mentioned. one way we think about this is

let's take the 1,000 largest companies and see the call demand against put demande. we can begin with agnostic information, but if you look at the top 50 names and mostly in the semis, but you have crypto names thrown in there as well as trading platforms. robinhood and coinbase is up there as well. >> do you treat from the strategy standpoint, amy, do you treat the crypto sentiment we are seeing right now to or akin to artificial intelligence? i guess are you looking at the sentiment and technical indicators similarly when it comes to a.i. versus crypto? >> a great question. i know what you are getting at with the essence. you do feel that frenzy in both of the pockets.

it feels like the same trading. one thing i will say is this comes back to retail being a very, very important instrument now in the derivatives market. post-covid thing that happened with gamestop and amc. it hasn't gone away. the wealth effect created in crypto is floating back into the a.i. side. there is an undercurrent of that which makes sense. >> amy wu silverman, thank you. have a nice weekend. >> you, too. keep it here. "squawk box" is coming up next. see you on monday. were you wog would be too much? nahhhh... (inner monologue) another destination wedding?? we just got back from her sister's in napa. who gets married in napa? my daughter. who gets married someplace more expensive? my other daughter. cancun! jamaica!! why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. can we get out of here? i thought you'd never ask. join 18 million americans

and take control of your financial future with a real time dashboard and real life conversations. empower. what's next. 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 walmart and drinkcirkul.com. my name is oluseyi and some of my favorite moments throughout my life are watching sports with my dad. now, i work at comcast as part of the team that created our ai highlights technology, which uses ai to detect the major plays in a sports game. giving millions of fans, like my dad and me, new ways of catching up on their favorite sport.

good morning. friday. futures pointing to slight gains after declines for the major indices in yesterday's session. we will show you what is moving right now and including a drop for adobe on light guidance and concern about the competition it faces from artificial intelligence. plus, senator better than a bernie sanders outlining his case for the four-day workweek. it's friday, march 15th. embrace the ides of march. happy birthday to my son scott.

it's friday, march 15th, 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 becky quick along with joe kernen and andrew ross sorkin. as joe mentioned, we want to look at the u.s. equities at this hour. you are seeing all of them in the green. dow futures up 46. nasdaq up 23. s&p futures up 10. this comes after a down day yesterday for the markets. that hotter than expected ppi number we got at 8:30 show the futures or the stock market which looked at that. the futures traded up on that news. eventually, the market looked at the higher yields and realized you may be seeing a longer time before the fed cuts rates. the fed futures priced tha