we were following the breaking news out of paris. chuck from stanford actually nailed it right on. 252,000 was his guess and that was what we saw in terms of jobs created in the month of december. congratulations chuck. >> cnbc on mega millions. >> one of our most devoted twitter followers without a doubt. good morning. it's 8:00 a.m. in los angeles. 11:00 a.m. here on wall street. "squawk alley" is live. ♪ .

welcome to "squawk alley." john steinberg, morning to you jon. jon fortt is here. and vested. very nice look. what a turn around we've seen. working our losses. we're well off the lows here, but oil continues to be problematic. what we're hearing is one of the worst days for crude since about mid 2011. down almost 5%. below 46 briefly for the first time since 2009. golden globes last night and the dominant story continues to be the rise of television. we caught up with the big winner of the night. good morning, julia. >> it was a big night for a. amazon. they are very pleased with winning their first golden

globes ever. they became the first online streaming service to win beating out netflix in both categories, both best comedy series and a best actor in a tv comedy. getting a big shoutout from both winners. this is certainly validation for amazon which invested $100 million in original video in the third quarter of last year alone, not to mention all the free advertising the wins are for its $99 a year prime video streaming service. they seemed confident amazon will be able to build on those wins. they're really excited about the newest amazon show. in another sign of growing streaming, netflix took home a key win. kevin spaycy beating out actors in shows on showtime and nbc. also snagging a shoutout from jane fonda for her upcoming

netflix series. in addition to all the talk about streaming, people were also buzzing about all the north korea jokes and the impact of the sony hack attack on hollywood. there was a drone shooting video in the narrow space between the after parties. this is just a sign of hollywood embracing aerial photography now that the faa has approved it. >> i don't even want to know how much sleep you got last night. good for you for getting up this morning. a lot of layers here, guys, as we talk about netflix and amazon. coming off of twitter. your thoughts about what this means. >> i think it means you've joined the establishment. it's an important kind of step. it reminded me of when the huffington post got its first award. it's further evidence that all of this is merging together right now. >> quality wise, yeah, i wonder

what kind of a marketing bump, how valuable is it when you get a golden globe win for something like transparent. how can i actually watch this? people who do have prime and aren't on there watching the shows. that will be the key. >> and amazon has been an inexplicable lack of tieing the shows. people are really not aware you can watch these shows. they didn't push the fact you can get these great shows. i don't know why they're not doing that. that would seem to be the logical thing. video is not going to be the wig revenue driver for amazon. >> not only producing the shows but marketing them in a crowded space. they look like network slates now to some degree. >> this is really expensive. investors became really aware of that last quarter with that $100 million content cost. with him saying this is a nice start, you have to expect he's

going to continue to invest. so there's upside and downside here. we don't know how much of a market bump is going to give them. we do know it's a confidence bump. >> you look at the stock to today and obviously there's a lot of the in the red. it's not moving the stock at all. people are not excited about it. really, it's a big question mark what all of this random stuff does for amazon. the question is what does amazon want to do? run the world? it's not totally clear right now. >> we're going to have to get used to hearing ted in acceptance speeches. could the apple watch kickoff a new wave of billion dollar tech startups. they think so saying that apps put the wow in the watch. christopher, good to have you. good morning to you. >> good morning to you. >> it's a very provocative read.

we've had high profile investors throw cold water on prospects for the watch. what did you get a look at? >> one thing was a company called in market is working on apps for the watch that are based on things they've already done for the iphone. and they have in the lab an app that allows you to navigate through a grocery store and avoid the problem that we've all had of not being able to find things on a particular aisle. they're actually using the goe location abilities unique to the combination of the watch and iphone to give you precise positioning inside a store. >> one of the things that strikes me about the apple watch and some of the things you mention, we don't know exactly when they become a big deal. when are the grocery stores going to have enough of the i disease beacons for that experience to be smooth. when is apple going to have watches in volume to actually

sell to people. how much of this do you think the apps will make the apple watch big at its debut, how much of that might take a few quarters? >> nobody knows how much it's going to sell at debut. i think it will be huge. morgan stanley is projecting 30 million units in the first year. the ipad only sold 14 million units in its first year. so that would be big for apple. i also think that a lot of companies are really invested in having their apps ready at law firm. if they're early, just as they saw with the iphone, all the early companies had big wins. they could sell tons and tons of their apps. wearables haven't been that great to date, but i think in this case, apple has enough developers ready at launch that there could be a significant amount of interest generated right then. >> last night, lord gran that many calls radio a fad.

it made me think a lot of this. when you look back, what is something that takes time to adopt and is really the breakthrough version like the ipod and what are the telltale signs people can use to analyze that in advance? >> that's a great question. i think it's hard. there is something called the long nose theory of innovation. all of the breakthrough innovations are already here, they're just not that well adopted. i think wearables are a great example of that. sometimes you're wrong. google made that judgment with google glass and i think not only when they premature, but i think they had the wrong idea. we've had centuries of wearing watches. i think it's a little less controversial to say people are going to want something on their wrist that gives them a functionality they don't have right now. >> you point to the simple act of looking at your wrist as pulling out your phone as one

reason things like four square haven't taken off the way some thought they might. expand on that just briefly. >> i think the problem with four square is if you're in a location, want to check in, you have to take your phone out, unlock it, with the watch, just glancing at the watch when it sends you an alert brings up a short look. if you look at the watch for longer, it brings up a long look where you can interact with the app. all these things can be done without unlocking any object or waiting for an app to launch. you get these kind of interactions that can happen extremely quickly, even faster than what you can get with the phone. >> walk us through, the long glance functionality and why you think that layer of notification is so important. >> this is something you don't see in the android wear competitor. the watch can actually detect when you're looking at it for more than a split second and it brings up a different kind of

screen. there can be photos. there can be texts. let's say somebody sends you a message or an e-mail. there can be buttons to allow you to interact with something. you can retweet, share. so the long glance really gives you this kind of app like functionality, but it's on demand, right. if your watch gives you an alert and you feel you can ignore it, it's a short glance, it goes away f. you want to engage with the device, the long fwlans comes up and you can spend minutes with this tiny screen if you want to. >> very helpful for those who have not gotten an expanded look at the device. good to see you. >> thanks. >> meantime twitter laying out further plans for monday advertising the service. the company's plans to sell ads within streams of tweets, not just on twitter.com or its own

app. not clear how the revenue would be shared. but they referenced espn and flip board. now hovering just shy of that. interesting. >> definitely interesting. the revenue team at twitter, they are the stars of the show right now. very little credit sim of the revenue team. the buy button was a great idea. there is some danger here. if you're moving ahead a lot faster than the service is growing, there's always the risk that what you're doing to monday advertise ends up choking off your potential growth. you end up alienating current users and users you might have in the future. you don't want the revenue team moving too far ahead of the growth team. >> i imagine what this is is when a publisher embeds a tweet right now, they will run an ad into that embed. they have so much more reach than the logged in users.

nobody asks how many logged in registered users youtube has. so i think this casts twitter in the youtube model. there isn't a revenue problem. there's a registered user problem. >> on that point, lena dunham, million and a half twitter followers. i deleted twitter from my phone and sometimes send a tweet to a friend i trust to post if i'm out and about and want to share. she told ryan seacrest she wants to save herself emotionally from the abuse she takes on the site. >> it's true, but it's a high class problem. you kind of have to be a very visible celebrity to have the problem. i've got so many followers and so many people who want to insult me because i'm so popular. she still is sending tweets to a friend who posts them for her. >> wish we all had -- >> still often a sign to technology issues that they have in previous generations of technology. celebrities have always had issues with criticism by the

public or the press. this just axccelerates it. >> thank you, jon. you're going to stick around. meantime.com nick is back at hq. >> they are hitting a low today despite some upbeat notes. concerns over the company are overdone. bernstein saying it's a good opportunity for long-term investors to get in and purchase the shares. you can see still down by nearly 1%. back over to you. >> when we come back increasing diversity at tech companies. intel announcing a significant push. jesse jackson is here. we'll talk about his efforts in a moment. meantime, the north american auto show kicks off. we'll have the ceo of daimler. meantime, the markets well off the lows. down than less than 50 points

will crude continuing to be problem mat ek. we're back in just a moment.

could intel be the diversity trendsetter silicon valley needs? announcing it's going to spend $300 million to help build a pipeline of minorities in tech. he's going to hold leaders accountable by tieing their pay to our progress. he added, this isn't just good

business, it's the right thing to do. here's what he told me last week. >> let's take a look at last year. we all were sitting around trying to figure out how to charge our smart bracelet. it was a woman in the group who said what i do is put my jewelry in a bowl at the end of every night. why don't you build a charging bowl. we all looked at that and said that's gene yous. to her, it was natural. >> that got quite a bit of buzz last year. joining us now, the reverend jessie jackson, president of the rainbow push coalition. thanks so much for being here with us. you were there at the ces announcement. >> it was a great announcement. we spent a lot of time trying to get the silicon valley companies to make available their eo1 reports. 189 board members, three blacks

and one latino. >> and they're the reports that lay out by job category how many minorities and women are in those positions. >> it ranged around 2 to 3%. so really what you have in the valley is a whole market of people locked out. when you lock out blacks, browns and women, you're locking out market, money, talent, location and growth and creativity as he just observed. they finally agreed. so intel has been there for quite a while. then hoover came in then the cards began to fall. last week, was to begin to invest money in the proposition. money to build a pipeline between black colleges that train engineers and interns onto the valley and up into companies. people don't realize, most of the jobs in silicon valley are nontech, lawyers, ad agencies, marketing, a whole range of

services. we've been excluded from that industry. it's not so much a talent deficit. it's an opportunity deficit. >> there's a difference between that and making them part of the leadership. does it matter to you the distinction or do you think once they're in the company, if you get ahead, you get ahead? >> once you're in the culture, effort and excellence means a lot. access means more. let's have some plan to keep people in. we did not know how good baseball could be and that even could play. you measure their playing by something called even playing field. if the playing field's not even, those rules protect you once you get in, that's why he says i will measure success by your -- by your pay. which means incentive to do the right thing. >> i started covering this topic more than a decade ago in

silicon valley issuing open records requests. >> that was a tough one. >> the numbers haven't changed that much. but there are multiple challenges here. there is a talent deficit right now in engineering, but there's also a cultural issue. santa clara county, 2% african-americans. oregon, not a lot of african-americans. same in new mexico where they've got another facility. there's work companies need to do if they're going to attract employees to locations like that. >> if they can find where the market is, they can find where the talent is. talent will go to where the market is for work and opportunities. it's basic as teaching children the stock market game. what's a bull, what's a bear. how to apply a code. people who have been locked out, that's a mentality that somehow we don't qualify.

even the very language of it. >> on that point, how does the $300 million from intel flow? does it go to universities or directly to students? >> some of it will go to universities and maybe to students. if you want engineers, morgan state, howard, hampton, florida, chair of microsoft. they train black engineers. if you're looking for them, invest in those schools. these public schools, have some schools dedicated to stem education. when that -- we do not need necessarily to lean on hb1 workers when we can train right here at home. >> is there an industry you still have your eye on? >> i think that the biotech is significant. right now tomorrow, when conference opens up, then butch

graves and the black enterprise are going to reveal the top four companies and universities tomorrow at noontime. wednesday, we'll have a steve balmer, now of the l.a. clippers, the man who dances. >> yes. >> and then -- >> we saw that. >> on thursday, dr. cameron of the world bank will address us. the business of hip hop. corporate boards and how the boards can make a difference. we have a range of workshops about that. the king's actual birth date here in new york at the hotel. >> yes, it's really interesting to see executives taking on this issue, taking it seriously. brian was telling me he's got two daughters involved in stem. one's a sophomore in high school and he works on their homework with them. he wants to see women advance as

well. >> it's driven by creativity. working odd hours, no one has a mow noly on creativity. so we even the playing field and expand the base. but if you in fact even the playing field, you going to get more even results. >> all right. thanks for joining us. looking forward to the next time you come back. >> hopefully your ten-year program, it's bearing fruit finally. >> thank you. coming up, investable themes from ces and what to watch for in the coming year. also markets set to close in europe in just a few minutes. that and more when "squawk alley" continues.

all right. europe's about to close in about three minutes. we count it down as the markets

here try to stage some sort of recovery. >> we started much higher 6:00 this morning. 1.4% on france and germany. came back down. but we're surging again. something's going on at the moment. the bigger factor there of course was that through the section, oil fell about $2.50. that brought a lot of the oil majors down with us. that's the big pull down, if you like. you'll notice that greece is doing well today. we're now two weeks away from the greek election. on monday the 26th, we'll know the result. we'll be talking about where greece is. the market seems much more relaxed after the leader suggested that he wouldn't -- this is the hard left. he wouldn't specifically seek a euro exit and would pay the bills due in march.

couple opinions polls show he's still in the lead. probably have to have former coalition. so lot of these stocks are coming back from low levels. the yields on the ten-year is fall lg. down below 10% in greece as the market there surges off the recent lows that we've had. interesting the second and third line pharmaceutical higher today. you've had two deals going down. they think some of these might be targets further down the line or at least that the valuation should be higher. one last charity want to show you. this picks up what was happening on friday in the midst of what was happening in paris. this has been a really bad start to the year for banks. down 0.8%. now, there was a $9 billion capital increase. there's word from the ecb that

maybe capital ratios will have to be raised. it's an ongoing discussion about what the european central bank will do on january 22nd. we were talking about the leaks in the dutch press. friday, they had stories out suggesting maybe it would only be 500 billion euros of direct market purchases. people were saying maybe that's a bit disappointing. clearly what's happening behind the skeeps is they're trying to form a consensus on how much to buy and what way to buy to spread the risk and mutualize the debt, spread it out between the central banks of the 19 countries. wednesday is when the european court of justice will make its interim judgment, nonbinding on asset purchases, is sovereign buying legal on the rules. >> still going to be interesting. >> it's two weeks of the most exciting days of your life.

>> love central bank talk. when we come back, daimler kicks off, self-driving mercedes making waves last week. oil off the lows. we're back in just a minute. i'm angela, and i quit smoking with chantix. my children always wanted me to quit smoking but i resigned myself to the fact that it wasn't going to work. but chantix helped me do it. along with support, chantix (varenicline) is proven to help people quit smoking. it gave me the power to overcome the urge to smoke.

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straight days. the last five sessions have been triple digit closes which we have not done in a full calendar weekend. a big part of the rebound does involve oil which has come off of the lows. they cut slumber jay. they talk about rig count. that's obviously where the story is and has been. >> the momentum in oil has had an impact. i was looking last night, i saw asian trade. it's going to be an interesting open for the market today. that appears to be the case, though. trying to fight back. you take a look at the s&p, down less than a percent right now. >> yep. and all risks with high profiled warnings from tiffany. we'll find out more. let's get a quick market flash. >> carl, we're watching shares

of priceline.com. the stock is down another 3% in today's session. they're off by about 2.25% now. it's been a tough 2015 so far for priceline shares. lost more than 10% just so far this year. so, jon, very interesting moves here for priceline.com. back over to you. >> yes, indeed. in case you missed it, mcdonald's rolling out a new app for the weekend. it focuses on store signs across the country as they deliver messages of events happening both locally and nationally. ♪ ♪ and i found you with a tear in your heart, your head in the curtains ♪ >> mcdonald's has an app where viewers can view all the signs and read the stories behind

them. >> disclosure there, a client? >> not yet. i think it's an okay campaign. i think it definitely pulls on the heart strings and does a certain amount of tieing people into the communities. does it move the menu issues, not really. >> the reason why i go or don't go has nothing to do with the signs or how i feel about the arches. it has to do with the food and nutrition. >> yeah. >> so i wonder what they're going to do to address that. this doesn't hurt. >> they had five predictions yesterday. one of which was that the carbonated beverage makers cut their spending on that this year. i think people are going to give up on this unhealthy food. it's just not working. >> volume growth has been tough to come by. meantime, the north american auto show kicking off in detroit today. we're there with dieter zetsche.

>> we are just talking about the gle coupe that you just introduced. no slow down is there? >> absolutely not. for mercedes, 2015 is the year of the suv. we will introduce four new or facelift suvs. so perfect timing for us. >> where are you finding the customers coming from? is it the core mercedes customer are you bringing them in from other suvs with other brands? >> growth, volume. obviously we're bringing in a lot of new customers to us. at the same time, they shift from sedans to suvs. >> you are adding capacity at your plant down in alabama. you also have incredible sales going in this country right now, more than 300,000. are you looking at this right now in saying that's enough right now, what you're adding in alabama, or are you already saying we're going to have to look at adding more capacity?

>> we already decided to add another plant in north america. if we need more, we will -- all-wheel drive vehicles, so far we have a big capacity in alabama coming, but we absolutely open. it's a possibility we would need another plant in the u.s. >> what was the discussion as you watched gas prices fall, as you knew you were coming out with the new c class plug in in hybr hybrid. >> we are a company which is driven by long-term strategies. that was always a good decision. we will have ten hybrids by '17. if gas prices stay where they are today, certainly the demand will be somewhat limited, but still is the right direction to go. we will see high oil prices again in the future. we will reduce our fuel consumption throughout the lineup including the use of

hybrids. >> you've been here in the good years and bad years. there is a buzz is there not that we haven't seen in a long time in detroit? >> we expect 2015 to bring us 17 million. that's a volume we haven't seen for a long time. these are good times in detroit and u.s. all together. we are happy for the u.s. manufacturers but for ourselves as well. >> with sales topping 330,000 a great year for mercedes last year. >> when we come back, investable themes that we learned in las vegas. i think fortt might have something on that. what are you watching today? >> of course i'm watching the ten-year market and considering we're in the second week of the 2015 trading year, i think it's about time we did a quick technical road map for all our viewers and listeners as to where many traders that ideal with, the sources think the big

stops and resistance will be for ten-year notes. all after the break. your back. your dog'st but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions, backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here.

coming up at the top of the hour, golden sacks says gold is going even lower and a change of heart on the halftime desk. break up with the sector they've loved. we're going to find out exactly why and the rookie revealing his picks for trader of the year.

how lebenthal is using undervalued names to already get ahe ahead. >> we are not touching that dial. we will be watching. 2014 was the busiest year for u.s. venture capital fund raising since 2001. investors seeking to take advantage of a hot market. and ces was filled with reporters like me but investors on gadget watch. what will impact last week's announcements have. jeff, of all the things you saw there, we saw announcements from lenovo, tv related stuff, also wearables. any of it really catch your eye? >> not a ton. i don't think you missed much if you weren't there. >> i was there. >> vegas was packed. you couldn't get a hotel reservation. but perhaps the most notable thing is apple wasn't there. i think one of the big talked

about technologies for 2015 is going to be the apple watch and not at ces. lots of robots, lots of connected cars. mercedes showed off a beautiful self-driving car. >> for me, it's what's not there. what wasn't there for the software to tie all the home stuff together, even the wearable stuff together. it was kind of glitchy. that's the opportunity, isn't it? software to make all this stuff work. >> completely agree. one of the things i tweeted out was i wish they would make it the doconsumer experience show d really embrace media and applications. so much is happening in the application area. it would be great to see those companies be a part of ces and have ces move up the stack from covering hardware and cover the software sector where you do have a great opportunity.

i think to take the next step and have it become mainstream consumer technology will take a real innovation in the software category. >> whenever i watch the video footage, it reminded me of the island of misfit toys. in the software layer, there was a lot of media companies there. what did you see going on at ces around content media and those companies? >> most of the folks i talked to in the content world, they were getting deals done. i met with several folks from amazon and elsewhere. what you saw was the senior execs orthopedic not there. the ceos weren't there. the vp level folks were there, so deals were getting done. i think it's an off cycle time. it's right after christmas and the holidays. apple announced the watch in the

fall. a lot of the big product announcements now happen throughout the year. deals were still getting done. lots of money spent in cocktail bars and restaurants. on the content side, didn't feel like you had the presence of the ceo level folks there. >> your points well taken. it's too much about hardware. so is there a clearinghouse now to understand what is truly innovative either on a hardware or software side? >> i think the other thing about ces, it hasn't quite made a global footprint yet. so much of what's happening in the smartphone world is happening outside the u.s. so you're looking at southeast asia, you're looking at china, india where a lot of the innovation is going to happen. it would be great to see more of those international vendors really come to ces and make it more of an international venue than i think it was this year. >> yeah, it would have been

great to see. jeffrey characterizes, thanks a lot for joining us. >> let's get over to the cme group. get the santelli exchange. >> good morning, carl. on the trading floor, there's so many things that are unique to this venue, support and resistance. there's people who've made a living since the '70s that do technical analysis and put out their levels of the day. so the levels of support resistance, they do it for a variety of markets. they'll do it for short term, medium term, long term. for the first six months of 2015, we're going to give you the viewers and listeners where traders are looking at important levels in ten-year note yields. all right. first of all let's remember that the most important day for a variety of reasons was the 186 low field on 1015 and the fact

that it closed up at 214, 215 depending on how you round which was 28 basis point move which is huge considering a number of different ways to measure, especially at that yield and percentage terms. we're currently trading at 193, 194. that's important because currently the low yield close ft. year is 194 from the 6th of january. so that's new. the high yield close is a 203 made on the 56th. what we do is we're going to use 203 as the trading pivot for the year. all activity, not bearish or bullish. your main bull pivot is the 186 mentioned. your main bear pivot is 215 to 217. what is that? we settle the year at 217. this work, it's a little dicy. technical is more of an art form sometimes. 214 was the key level.

217 for the close of the year. price is going down, yields moving up. it's best to stick with the high. so 217-year-old. this is the most important resistance. i can't tell you about all that congestion that we discussed. we had 228 to 230. that's your breakaway resistance. 286 is your bull pivot. if you take those 28 basis points between the settlement at the end of the year and the low, and remember 188 is the current low intrayield thus far. you take those basis points and do retracements. you get 11, you subtract it. you get 17 and subtract it. the 158, this is the 186 minus all 28. offending on when and how many sessions test 186 before closing below it, this is the big one for a year. that is your most important

support down below the market currently trading at 193. sara, jon, back to you. >> all right. coming up, the chairman and ceo of celgene from the j. p. morgan health care conference. that's coming up next. i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. so this is a great opportunity for an upgrade. sound good? great. because you're not you, you're a whole airline... and it's not a ticket you're upgrading, it's your entire operations, from domestic to international...

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let's get back to the j. p. morgan health care conference taking place today. we're there with another leader in biotech.

take it away. >> i'm joined now by bob hugin. thank you for joining us. >> great to be with you. >> you guys always kickoff this conference. tell us why you guys were comfortable guiding out this far. >> i think the first thing is we think about what's best internally. we want to be a great company. to be a great company, you have to be a great mission. making a meaningful difference in people's lives. great companies create the future. we wanted to set aspiration l but achievable goals that people can rally behind and get it done. very ambitious. over $20 billion in revenue in 2020. so internally important. i think gives confidence to investors that we believe in our future. >> let's talk about some of the drivers of that revenue. some of your pipeline opportunities.

what's going to be the biggest driver? >> obviously hematology is very important. existing products will give us about 15% of the 18% compounded annual growth rate we expect to have target through 2020. but exciting things happening beyond hematology. they had 11% quarter over quarter sequential growth. 27,532 in the fourth quarter. we're getting traction in areas outside of the core businesses. we're very excited about the hematology, but we're building a broad based company here. >> you just mentioned existing products being 15% of that, 18% growth. that makes it seem like you're going to be doing more deals. >> we still have tremendous strategic and financial

flexibility. so we can do other things that make sense, but we don't have to. the most important part was we demonstrated the upside to these numbers and many, many promising programs that are not in the 0220 numbers. so it was, i think, very achievable and with great upside and -- so i think it's internally we're really cat liez us to produce great things for the future. >> and your partnering strategy i think is widely admired. you have partners with companies and stock performance this year. are you going to continue that partnering strategy or become a bigger buyer? sfwli think the strategy we have is that we believe we've got great internal capabilities, but we don't know everything. we can learn from other smart people that have the same vision and passion in creating value for patients. we learn from others and hope they can learn from us.

we want synergy from these partnerships. we are focused internally and can leverage our capability. we have other areas where we can expand the partnerships. the model is working great. we've had a number of new products, new compounds into the clinic last year. we're expecting to have eight new phase one trials started in '15 of which a big percentage are from new compounds completely. internally it's working and externally it's working. we want to be the best partner we can be. >> thank you so much for joining us. so much more to talk about. we're out of time. >> and what a lineup from you. thank you so much for all your work. when we come back, more from the health care conference. brent saunders on the half. and the president expecting to address cyber security in the leetup to the state of the union. "squawk alley" is back in a

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dow's down about 85 points. we've lost a little more transaction after europe closed. clearly we are debating the

nature of the consumer. tiffany with a warning. others raising guidance for the current quarter. one thing's for sure, it's going to get interesting starting tonight about cars and a lot of other industries. >> the san dusk warning has my attention. they have components going into tablets. what exactly isn't up to expectations is the question there. maybe we'll find out coming up. >> nervous. >> i don't know what to make of this oil thing. it seems like people keep oscillating back and forth. i ultimately hope stronger consumer. >> has advertising shown any signs of -- >> not yet. we're building a business every time is one-time, noncyclical for us at this point. >> clearly, oil is going to continue to drive the debate. maybe that changes. a lot of financials report later in the week.

wells fargo, goldman, city group. we're going to be talking a lot more in the couple of days. >> not just the holiday results, but how much of that follows through to q1. >> let's get over to headquarters. scott wapner on the half. thanks so much. welcome to the halftime show. let's meet our starting lineup. stephanie link is the portfolio manager. jim lay benefit thal is president of lebenthal asset management and josh brown is the ceo of rid holt wealth management. free fall, why goldman's commodity's king. you're going to hear from him in just a moment live. halftime portfolio. the trader at the top of the