good morning. the dow coming off its best day of the year, the nasdaq closing at a record high. a new round a new week for the markets. president trump slam as judge after they reject the request to reinstate the travel ban. and super bowl li. the highlights to. >>. monday, february the 6th. "world wide exchange" begins now." ♪ ra ra ga ga

>> along with mandy in for sarahizen. good morning, welcome. >> fantast took be back here in the united states. >> it's great to have you with us, mandy. as we said at the top we did close at highs for the week. friday was a decent day in markets. we had about 1% of gains. the s&p somewhere in between. friday's performance very much led by the financial sectorer. they received a deregulatory boost. but it was a broad positive perform ps, consumer discretionary was in the negative as a whole. friday's gains bulling us back from the week.

it's had its third negative week. the 10-year freshry note in and around 2.4. we now said 2.45%. >> and with chooen's services continuing to grow but at a slower lace. slipping to 53.1. let's take a look at the closeb nothings. up by he have/fein of a% and the ang high school tum the only market in the red, australia. down only slightly 10 base s

points. >> because i'm not there boosting all those shops. er for we've got sitting flafly if just lost a little bit of steam over the last hour or so. bigger gains than we've got now. oil nices just stooi of sgipg and plets rr have a lime hat the drim bp and it's toursh feg nv week in a row. there's been plenty of up days and pretty much range bound over the last couple of weeks. this morning a bit of dollar

softness against the yen and it's against the pound and euro. up nearly 3% for the week which came in the face of that softer dollar. this morning not doing too much. up 3/10 of 1%. >> and gold has had its best week since april. let's move it forward, which is a bit lighter following the jobs report. tomorrow look for the consumer credit. as for earnings about 70 companies in the s&p 500 are set to report this week such as disney, time warner, coca cola, cell augand twitter. and we have quite high expectations for what the had earnings picture should look like. we're looking for double digit earnings growth over the course of this year.

we still have to see if we get a boost from things like a reduction in the corporate tax rate. >> you said the dow's been down three weeks out of four. it's been resilience in the market. and yes, earnings exmecitations were a lot higher than the last few quarters. this time higher expectations and we're not missing them and the other thing people been questioning where we get the deregulation trump, the tax cut trump or opposing free trade trump? and friday was a clear markup. he does plan to cutback on the deregulation. >> i guess the question is how much of that expectation of the dereg ylz boost has already been

priced in to the banks. i see they've been und underperforming. >> and that's why we got 2, 3% of the gains. the question comes how much is the signing of the executive order. clearly some as spects if you wanted to appeal got dog frmg as opposed to changing the firsten on the top. how much we'll face democrat oppositi opposition. >> and obviously during the campaign president trump was so -- was banging the table about i'm going to help the little guy and quite critical of wall street's elite and sh of the bank and past practices. i wonder if you can marry the

two? >> and that comes down to how they frame it. they're saying it's for the consumer to give them choice. this is america versus the rest of the world. a federal appeals court in san francisco is set to rule on president trump's executive order on immigration. yesterday the ninth u.s. circuit court of appeals denied the justice department's request for reinstatement of a travel ban. president trump tweeting just cannot believe a judge could put our country in such parl. if something happens, blame him and court system. very clear attack on the judge which many are crisicizing. >> security was much tighter on friday night from australia. the lines were a lot longer than

normal. i asked within of the agents why are we having to line opsecond time to get through pass port control and she said we've tightened up security measurers and i said is this since trump became president and i said yes, it is. >> and you got very much slowed down? >> i think everybody is being vetted more carefully than betweer and we wonder if this will be extended to other countries and in a much more dire manner. we'll have to wait and see on that one. >> criticized the airports but playing into working in the lines. >> come off a 24 hour flight lining up. nearly 100 tech companies urging his administration on proposed changest. those include apple, twitter,

microsoft and yahoo. the companies will say they're quote and it will effect many visa holders who contrib thut country's success. they said it depends on immigrants from all backgrounds. japan's former currency czar says the dollar could fall below 100 yen by year's end. he also cautioned that any yen selling intervention by tokyo might be counterproductive. this comes ahead of a meeting with abe and trump. later this week. he said actually japan shouldn't intervene in the yen. if the gains are gradual and it's always about the face, the down side and the up side, not

nerg necessarily with the level. at the owned of the day t might only work temporarily but there there's a flam trend in place it's hard to fight. >> rrit's interesting because mt take aways have been trump's tweeting he wants a weaker dollar. to change the markets this is what we'd like is much harder when you're facing largely interest rates of getting my daughter anotherer pair of paints. that can help even if short time is on individual investigation. >> it's hard to argue. >> we can tweet a currency low. for once people all puzing about last night's superbolt game. the new england patriots came

back to win their fifth super bowl. still there were plenty of controversial ads. a very blitical this year, wasn't it? >> it sure was and fans spent more than 27 million tweets globally about the big game. according to twitter pepsi was the most mentioned brand name followed by t-mobile, and mr. clen. as for the contest immigrants and pall taeographics and causit to explodes. a spanish speaking mother and daughter in front of the border wall and it crashed from all the attention.

airbnb one of the most aggressive corporate critics showing a diverse group of people and texts that read we believe no matter who you love or worship, we belong. the world is more beautiful, the more you accept. before the game started, coke reairing a 2014 ad which deplics americans. ♪ god shed his grace on me >> ferociously posting #boycott budweis budweiser. the company posted the

commercial as the story of our founder and his pursuit of the american dream. back to you. a great summary of great ads and what it was by all reports an outstanding match as well. i just saw the falcons pull way ahead and went to bed. >> i watched all of about 10 minutes. what i did see was the 84 lumber ad. did you see it? >> i saw a youtube, not live. >> so you know there are two versions. >> i saw one version. >> the one that was aired on tv was the watered down version and the original version rejected by fox as being too politically controversial and confronting is of course on the web sited and if you clicked on the website it

would down. great way to get people to go there. >> budweiser's clearly hiting a similar tone. and lady gaga wasn't political. thavl rr been very clear on their position and lady gaga stepped back which many were applauding. >> because there was some speculation that she would make a political statement. i guess she kept it professional. >> if you're a patriots fan you're probably three but if you're an investor, don't want to rueen the fun. stocks are set to fall since a the original league chose markets roizing only when a team

from the original league wins the super bowl. thisern moing stocks to watch, including tiffany. they're leaving amid a sales stump. you're watching "world wide exchange." wll whhetainngll14atea?

e vae cal tenoh,in. ey tyoomf lkthods? did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. welcome back to "world wide exchange." in corporate news tiffany's ceo is stepping down after disappointing financial results.

more stocks to watch today. thanks to high gold prices and output. the west frken gold producer raising prices. >> posted better than expected pling pj. stoiltdal cost cutting efforts. q 3 net profit missing expectations. they say over capacity continues to effect ticket prices. >> volkswagen is being sued for the first time. they mish represented the environment. really getting it from all sides. in italian, gen rally is to

discuss the mistake. a source seds the company is going to be there. and who doesn't want more favorable terms? >> and faurkly's going to overall and the lender forming a new company that will act as a stand alone unit providing support. sque tand the final bidder tapped for the deal as the comp ken's in the process as it fails bills and fst. s i have think they're airbag down 18%. chipotle stock could fall as much as to 5% this year.

my food scandal is back in 2014. >> unicredit issued today. following massive wroit downs on bad lines. they know i kaentd say anything and document said filed on friday, the bank said it's not american trying to take away more than the offer. off by 3%. >> highlights from last night's super bowl. a historic comeback. but here the day's national corfrst from thely down. really one of the few are in the northwest. look at seattle coming in with snow again today. it's been snowing through the

overnight. snow in places like new york, kansas, very mild and everywhere across the plains and southeast, it's going to be rain. april-like temper for said in the rain. like you can get thunderstorms. temperatures running well above average. miami, we've got temperatures in the 80s. and up here across the kmrthern plains. world wide partnership hahar yrs, datee. it w.

. welcome back. tom brady and the new england patriots with a thrilling comeback and over time win over the atlanta falcons. it was a win for both the record books and for the ages. >> reporter: a powerful standing ovation before the opening kick. president george h.w. bush flipping the coin. atlanta getting the first break and after scoreless first period, a first turnover a fumble that led to the falcons first score. minutes later. sgl atlanta was back in the end zone. up 14. then midway through the second quarter with the patriots on the

move. >> pass is picked. >> reporter: robert with a pick six and they take a commanding lead. a fash pace bnsed with the game giving way. to lady gaga. starting on the top of nrg stadium with hundreds of the drones before jumping from the roof. super bowl li. >> the falcons scored to start the second half and seemingly in control. but tom brady had had had other plains. rallying the patriots. >> touchdown. >> leading his team to the biggest comeback and first over time win in super bowl history. >> he's in.

>> the victory setting up the highly anticipated trophy presentation from nfl commissionerer roger goodell who suspended brady. brady writing another chapter in football history, tom brady winning his fifth super bowl ring and another super bowl mvp adding to what continueds to be an unparalleled career. cnbc news at the super bowl. >> epic, epic stuff. we'll have more on everything people are buzzing about besides the game. >> we got everything we needed right there. it was a great package from jay. >> and covered across all had forms of media. and our own great scott, particularly for nfl stuff was

very critical the first half and then it turned around. i saw the bad part. it was a close race but split taking the top spot for a third straight weekend. the thriller about a man with personalities produced for just $9 million. it's made nearly 100 million so far. >> i absolot lehate that kind of movie. came in second. the movie had been delayed multiple times and originally set to come out 2015. definitely not watching that skpaelsh not late at night and by myself. maybe you already know this but apparently it's very norm tool have horrorer movies come out on a have bowl weekend.

>> i didn't know that. i would have thought more of a halloween thing. >> you would have thought so. >> i'm not sure. we'll find out and bring it to you. we'll tell you why some google home devices went crazy turring last night's super bowl. frrs ismasense. ont e n os...ere ut. ' cleaipli14adsod 'wa ofofesti

. good morning. a developing story. president trump slam as judge after the court rejects the request to reinstate the travel ban. why tiffany's ceo is out of a job today. and it's monday, february 6th, 2017. you're watching "world wide exchange" on cnbc. ♪ i'm on the right track baby i was born this way ♪ >> welcome to "world wide exchange on cnbc. mandy, great to have you with us. let's check in. futures pretty much hat half an hour afwoe. the s&p pum fre-- financials up.

the s&p and nasdaq behind. for the week we were flat. dow closing for its third negative week out of four. europe is positive burt less so than it was that hoetdm. germany is pretty much flat andatally in the red. across the board positive but japan, hong kong and china are higher-up. now very much behind us -- >> let's take a look at chautser ghoeing on. 53-86 for .

of course there were a lot of people on the bullish side of the boat. ets as for the 10-year note, it is certainly yielding 6 fiet 2 fiet stix pipe. we did see it edging to the upside on friday. the dollar after its initial sunch by president trump has been struggling of late. and euro dollar is at 107 to the down side by nearly half a%. also slightly lowerer and it pound is a little built mauch. >> declininging for a fourth straight week. it had had a great week last

week thanks to the weaker dollar. gold is certainly sitting at 12:00 way to. turn to a little bit lighter. there's no economic data today but look forward to consumer credit and february consumer sentiment. jeperal motors, disney and others when you buy it yorks should oh plan it. they're suppose to real on the brain with -- and they it nigh the justice department's request for a immediate reinfarmnts of the travel ban. thafrs after they are releasinged a spray.

. >> "just can't believe a judge would put something in parl. that pouring in. bad. asiologist particularly the fiep people saying that's a step too far. i think it's one thing to decide the flurry of the executive order and it's another thing to come up with the checks and balances. congress, the judicial system. so it's not going to be as easy as it president thinks to get these things through. >> it is that story people questioning why he's doing so many stark executive orders on himself so soon.

particularly he's clearly able to say look, i tried to do this. same with thutempt of the financial deregulation. he's put what he wants to be achieved and can he, therefore f it doesn't come through say i tried. >> because he had so many campaign promises and the question was okay. that's the campaign. what's going to happen in reality and it looks as though he's following through on a lot of the things he said he would and for him had it's important for the american people who voted him in. >> nearly 100 tech companies plan to send a letter urging him to change on the travel ban including microsoft and yahoo. the company's will say their quote concerned his recent executive order will effect visa

holders. they argue ability to grow and create jobs depends on the contribution of immigrants from all backgrounds and the spin off from tech companies is that if america doesn't welcome foreign tech workers to sillicon valley then they'll create sillicon valley 2.0. >> you have to stay competitive and the fear is there are certainen countries designated now. will that extend in the future? tiffany's ceo is stepping down. previous ceo will serve as the interim ceo. >> italy's uni credit issued a rights issue following massive right downs on loans and the

offer runs through march 10th. the bank said it's not aware anyone planned to take on more than 5% of the share offer. shares down about 3.6%. it's an important one to watch. the focus has been on bmps which is much smaller. it faces more stark problems. it's definitely one to keep an eye on but down 3.6% is not too terrible. in global fan angsal news, the eu should recognize in a quote reasonable brexit deal with the uk. wolf gang says we don't want to punish the british for their decision. he offer as quality of services not found and that would change after the separation. teresa may is to begin formal

brexit talks by march. this jumped on quickly by pro-exit campaigners in the u.k. because it's a fig leaf that they might go more smoothly than some are fearing and there's lots of different opinions. >> and a number of financial certaintiers on the continent. paris and frankfort and others in the netherlands as well that are trying to vie for the u.k. financial professional which may leave the u.k. once this is through. why it's trying to tout itself as the new center for financfin >> and that's going to be one of the key factorers in these negotiations and you have very different opinions. the ceo is compfortable, whereas others -- morgan stanley, he's

bearish. and we'll have to wait and see. we will. a plane is landed in new zealand at the longest commercial flight. it made the flight in 17 hours, 45 minutes. it's like a tin can in the sky. the previous record holder was by emirate which had direct flights last year. and that flight takes 19 hours. >> and that flight didn't do that well the first time around when they boarded it. just because it was too long. >> i actually did that flight back in the day and it disappeared. i think it's better to do in one big shot. there's nothing worse than to have to break it up and spend a few hours on the ground or wherever you have a stop over. basically twidalling your thumbs. boom.

>> just bring back concord. and supply more than london to europe. >> ladies in tight dresses. >> you're describing that, not me but concord was epic. >> the golden era of flight. >> i went on it once. it was pretty cool. my father went on many more than any other passengerer. anyway. moving on. time for our top trending stories. lady gaga super bowl half time performance dominating the media with "god bless america" and "this land is your land" followed by all of our greatest hits. it received 21,000 tweets per minu minute. in total 5.1 million tweets during the 20-minute performance and in the 10-minutes following it. i mean all reports of this performance outstanding. >> yes. and did you see the drones in

the sky in the so-called shooting stars. i bet there are 300 of them. dancing in the background. i think it was pretaped because there were the weather and security concerns naturally above the actual super bowl event. but spectacular and i'm sure we're going to be seeing this kind of thing, dancing drones in the sky much more in the future. >> she said before the game that super bowl performance she most wanted to emulate was michael jackson. so there we go. >> the little -- you said you like mindless trivia? quirky trivia? >> i don't know when i said that but i do. >> the world record for dancing drones in the sky is held by sidney. 500 of them last year. >> for new year's eve? >> iicide know but i don't. you got to get your world

recrsds in where you can. google using the super bowl to plug its google home service. but it confused people who already have it. people taking to twitter to complain the ad interface would their unit. one saying that had had my google home have a meltdown. it had had my google home going hay wire. >> these things do happen. they have the commands on television and it starts to act domestically. but alexa and the like developing fast. they're not quite perfect. >> yes. machines are not infallible. coming up. today's must reads but as we head to break. here is european equities. you're watching "world wide exchange" on cnbc. l

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financial rewrite. cohn who runs the economic counsel said dodds-frank was so the feds could regulate as they please but a new government can ease those burdens without congress. as we discussed earlier for a big change will need congressional approval but it says and explains where there can be meaningful changes simply from executive guidance whether that's changing personnel from the top or how you want it to be informed and i think thoolts rr an interesting thing to take on board on what can be done without democrat approval and getting over know potential filibusters in congress. a trump-cohn financial rewrite. all of this coming out before a treasury secretary has been

nominated and i think gary cohn clearly has a lot of influence particularly on this topic. >> what do you think is going to happen with the judiciary rule? >> i mean, it's not confirmed that yet because wevent got a new labor secretary confirm itted in place but very clear guidance and that's pretty much going to be dropped. >> my pick is from cnbc.com. president trump's major asian breakthrough. you know in the asia pacific region we've been quite concerned for america to become more isolationist and to the extent that he doesn't necessarily want to get involved with regional skirmishes

anymore. you know what, we're not going to bail you out. you're on your own. whereas the u.s. in the past has played sheriff in the region. this article in cnbc.com was basically saying on a visit to tokyo in seoul, the defense secretary made a breakthrough. it's hard to get tokyo and seoul to sit down because of past grievances with second world war but apparently mr. had mattis has sort of smoothed the path towards political economic and military alliance between the three. of course when i say smooth the path, it hasn't been set in stone but that could be the breakthrough and show that the u.s. is still go toing to be involved in the region. >> and the plans to meet

mr. trump. >> right. mr. abe will be in town. >> chief economist and strategist will get us ready for. ng s a y?y? ffng the

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welcome back to "world wide exchange. "andrew joins us with a look at what's coming up. >> good morning. we have a big morning ahead. we're going to talk football. super bowl ads, these guys and what happened last night and how amazing that was. the markets. we have muhammad alarian coming on. politics with freedman and will who's going to be coming in across the bridge. >> i'll come as quickly as i can. >> we'll see if he makes it in time. >> and you got a hat for him as well? >> we have multiple hats. we've got signs.

>> wow. look at this. >> we were ready to go. the man of the hour here he is. we're going to do a hat every morning we decided by the way. >> i look forward to it very much and a hat will be going on as soon as i arrive in eight minutes time but we're going to talk to chief economist and strategist at scheff. did we get a little bit of positive i.s as opposed to some of the more fearful tones we've had in terms of antitrade rhetoric? >> well, i think as far as one day is concerned, you could certainly say that with the tweets surrounding the emphasis on -- i don't know about full repeal of dodd-frank but reducing a lot of the

enforcement quality said behind the regulation. i guess from my standpoint, at some point you have to ask yourself the question how many times are you going to rally off the same piece of news? he got elected on deregulation and we know that's going to be coming. it's going to be the banks and the energy sector. at some point that gets fully priced in. i would say the u.s. banking sector at large are back to trading at book value. a lot of this is already priced not with standing the rally we saw in financials on friday. >> what's the next positive cat last for a possible next leg up in the market. >>. >> you know this is one of the most significant honeymoon periods on record and i think a lot of the good news from what

the new president is going to to is priced in. the extent to which trade protection and trade barriers are going to have influence on global supply changes but one other thing that happened we can't ignore, which is the employment figgingier we got for january. so there was some economic element to it and i like to focus on fundamentals than hypothetical out of a political situation. i've been a skeptic on the extent of the trump related rally but there's no denying the overall contours of the report on friday -- i don't think the headline was as strong as it suggests because there was a weather element attached. the underlying number was close to 170,000 than over 200,000. and the wage number coming in

at .1. december getting sliced in half from .1 to .2 is an encouraging sign because it means bond deals are not going to raise more than they have right now and that's good news for profit margins. to focus on trump economics, i think the stage was set from that nonform pay roll number that it was constructurer for stocks and bonds. >> that number and the fed meeting. where does it live you in terms of hikes this year? >> there's a sim beotic relationship between the fed and the markets. if anything the market has reduced the chance we see a march increase. you have a few they're going to in march. and it's still too aurl tee to headache the case they're going to move before hand.

we're going to see a few fed speakers but my sense is probably move twice this year. >> david, thankio very much for joining us. "squawk box" is next. oullououde.

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good morning. the dow coming off of its best day of the year. the nasdaq closing with a record high. a new round of tests for the markets. also washington watch as you can imagine. he slam as judge after they deny the request calling him a "so-called judge." the new england patriot with a stunning comeback. it is monday february 6th, 2017. "squawk box" begins right now.

♪ i'm on the right track baby i was born this way ♪ >> live from new york where business never sleeps, this is "squawk box." >> good morning everybody. welcome to "squawk box" live from the nasdaq market site in times square. joe is out today. look at the u.s. equity futures. things are relatively flat with the dow futures up by 4 1/2 points. nasdaq up and s&p up. we had been on track for a lousy week until friday. nasdaq was up slightly. going to see where we head through the course of this week. overnight in asia you will see the nikkei closed up and the hang seng was up and then the early trading in europe