markets now, u.s. futures under pressure fears of a trade war spill into a new week we've got the full market reaction up in the air, italy headed for a hung parliament. we're live in rome with the details. and "the shape of water" taking home hollywood's biggest price. with the oscars. it's monday, februarymarch 5th,. and "worldwide exchange" begins right now. ♪ good morning a very warm welcome to

"worldwide exchange" on cnbc i'm wilfred frost. >> and i'm seema mody. we're down, 3% for the s&p, the dow slightly lower this morning, we're expecting a slightly lower open. the nasdaq down 4 1/2 points as well ten-year treasury note, deals slipped. 2.844 on the ten-year. european stocks also ending the week lower, losing 3.7% last week and it was the european steelmakers and aluminum stocks under pressure both losing about 3% hearing early trade on monday, we're broadly higher with the german dax up 0.8.

and it's holding steady for gold 1.23 just fractionally on the day and italy's election signalled a hung parliament. cnbc willem marx is in rome with the details. willem >> reporter: yeah, seema, that's right, this is not an unexpected result we saw in the polls last week indicating a hung parliament we've seen the five-star movement, the anti-establishment party formed back in 2009 has come out with 32% of the votes counted so far 30 counted out of 35 or 36 there's still a way to go before we get a final number. if we look at the center right coalition led by the party founded by berlusconi, the

former prime minister and lega, rebranded, and they have come out with the party as 37% of the total vote that does not give them nearly enough for the majority and the party of the renzi and paolo gent gentiloni coming out with 27% of the vote what this means a lot of negotiations back room dealing, whatever you want to call it, when it forms in march and you the aegis of the italian president. not a lot of clarity, but we'll have final numbers later today to give a sense of how the parties fit together, but some form of agreement would have to be forthcoming >> willem, you say the top result is not a surprise i think meaning the fact that we have a hung parliament with no

single party in the majority there is a surprise as how well the parties did. the five-star movement at 32%. 50% of the votes in total have gone to these populist parties, relatively new parties it's been a huge protest against the parties is there not >> absolutely. we've seen a lot of that up can go young voters over the course of the last few days while we've been here are telling us they are voting for those parties, they intend to vote another parties because of their current dissatisfaction. we've seen unemployment around 30%, wilfred so it gives you a sense of why the young people are voting for these peters one surprise overnight is the level of support for leg gashgs the former northern league and now it's if there's any coalition on the right would have the ability to nominate

their own candidate as prime minister that would very likely be their current leader matteo salvini. he very much liked the job he himself has made anti-migrant comments, his party founded really on independence for italy. he's now watered that down, gone in search of votes elsewhere and seems to have won them >> given the fact that the reaction isn't more negative that there would be a full coalition between the two populist parties of five-star and lega in terms of not likely to form a coalition together, therefore, one of the traditional parties likely to be involved >> reporter: yeah, i mean, that's really the big question on the minds of many investors in business that we've seen spoken to. is whether those two parties would be willing to join forces. historically, the five-star movement is not a party or movement that could countenance that

and their leader has made slightly softer noises to that saying he's willing to talk to political leaders as long as they sign up essentially to a framework of proposals that his party puts forward whether he the leader of la lega would be willing to talk and form any framework of policies is a real difficult question to answer at this stage but as i said, investors very concerned about not seeing that price in the market as of yet. really something closely to watch. >> willem marx for us in rome. let's continue the discussion. constantine frazier, analyst thanks for joining us. why is the market reaction so muted? why aren't we seeing the euro fall more, given really an outstanding result for some of these populist parties >> i think the main reason for that is that italy's populist party, the insurgent party

really the last year has really backed away from the euro. what people are expecting from the next government is maybe a lot of rhetoric with europe. probably, a certain amount of fiscal discipline and an end to program restructure reforms but no immediate threat to what takes place in the eurozone which probably tells why the euro has been stable there has been nothing in particular dramatic. >> do you think that will change if we do see a potential alliance struck between the five-star movement and the lega? because on your point, they haven't really campaigned on that >> yes, i think that's -- i think for the moment, at least to the short to medium-term is this isn't on the agenda for anyone they're currently experiencing a

decent cyclical recovery by italian standards, and no one wants to interrupt that. and the five-star movement in particular has been shifting from quite a vehement anti-establishment and skeptic position to something that's a lot more pragmatic i think the risk for it becomes when the economy goes south. and italians have to decide what to do then for now, there's no immediate threat in the eurozone >> i guess the other we're not seeing a selloff in europe is there's negative news out of italy but positive news out of germany? >> yesterday, the spd, the membership of germany's biggest

party voted for a countrntinuity and for german standards, it looks like they're relatively open to discussing how the eurozone can be formed to make it more stable now, the danger for the italian elections here, the result for populist and insurgent apparents will frighten germany. ultimately, what they're very scared of, is having to pick up the tab for an italy that can't support itself and in able to reform to that. >> constantine, thank you for joining us turning to asia, we're starting to get headlines out of china's national people's congress sticking by at 6.5% growth target for this year and will

continue to press ahead with financial reforms. eunice yoon is live with more. good morning >> well, the premier, china's version of the state of the union address, you mentioned the gdp numbers but there were other numbers focused on mainly the reduction in the budget deficit he said it was going to go from 3% to 2.6% of gdp. and it's significant because it hasn't been reduced as much since 2012 and also people are saying the news that the government is going to reduce some of the stimulus it's been using to try to prop up the economy another point that people thought were interesting was the premier said that china would give tax cuts for corporations and individuals equivalent to roughly 1% of gdp. and tax cuts in the u.s. has been a big talking point here in china. because there's been some concern that it means that the u.s. is going to be much more competitive against this

country. now 9 premier didn't say much about trade with the united states hong kong' spokesperson said that china does not want to engage in a trade war. it's not what china would offer to try to ease those tensions. it did say that china would try to reduce its capacity in steel by 30 million metric tons. he also said they were going to open sectors, including health care, education, new energy vehicle, however, there were no specifics here and i think that's the maintain point that we don't really know how exactly it's going to impact international companies at the end of the day or change the overall business environment, wilfred >> eunice, i'm going to step in here, any idea if president trump's announcement on tariffs resulted in president zee jixi g

making targets about it? >> there is no indication that they were meeting for the government work report, china's version of the state of the union is really put forth a long time ago but at the same time, as i said, there were a lot of comments that did come out from the congress' spokesperson and the vice foreign minister was weighing in saying they were concerned about this possibility of a trade wrorld. and there's an interesting editorial saying that u.s. and china should not engage in this type of behavior and it shows the concern that officials have here about this potential for trade disruption >> eunice yoon for us in beijing. sticking with trade, round seven of nafta talks wrap up today in mexico. and no big surprise, president trump's tariff announcement dominating the discussion. we heard from one powerful republican lawmaker trying to either tensions. chairman of the house and ways

and means committee kevin brady said it should be excluded from president trump's tariffs. we had a lot of statements coming out on the weekend over trump's tweet. absolutely and now "the shape of water" taking home an oscar landon dowdy is joining us >> the big winner for the night, "the shape of water" best picture, gary oldman for "darkest hour" and frances mcdormand, thanked every single person in the building before she asked all of the female nominees to stand in reference to diversity in film contracts and that continued when three of harvey weinstein's accusers took the stage highlighting the importance of diversity in film.

and disney making kobe bryant a contributor for "dear basketball" and then a surprise one, guys, netflix grabbing the golden statue for best documentary for "icceris." some stocks to watch, including a $15 billion deal in the insurance space. and later, we're headed to the front lines of the trade war. reaction to president trump's big tariff announcement. "worldwide exchange" is live in fuel country when we return. but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours.

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welcome back to "worldwide exchange." i'll wilfred frost let's get you up to speed with the markets. futures down 25. we were down at 25 at the top of the hour nasdaq down 8. 2% for the s&p, 3% for the dow. >> we're 2.85% on the ten-year there's one economic report on today's wall street agenda. the february ism index is due at 10:00 a.m. eastern we'll also hear in a top fed official, randi quarles is speaking and axa is buying xl group

for $23 billion. it's valued at 56.15 per share xl up a healthy 30%. >> big news. ahead on "worldwide exchange," big business of the oscars the corporate winners and loses from hollywood's star-filleded night. but first, the weather forecast from nbc's bill karins. good monday morning to you, wilfred and seema. so much for the early spring another winter storm in the northern plains. and then we have another nor'easter that's coming for the east coast wednesday night unbelievable so, we're dealing with the rain and snow in areas of the northern plains that will turn into a blizzard. four to eight inches over the wide sections of minnesota and north dakota and wisconsin four inches possible, sleet and snow mixed in about an inch or so.

how about the nor'easter, that snow will develop off the east coast especially during date wednesday, airport problems with snow and rain from d.c. to philly mostly snow in new york city interior sections, looks like a full-fledged snowstorm for you definitely a plowable event. that's your business forecast. more "worldwide exchange" when we come back at&t gives you more for your thing. your getting serious thing. that moving out of the friend zone, moving in together and getting two of everything thing. those fur babies preparing you for real babies thing.

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u.s. stocks fighting back with early declines s&p 500 gaining 14 points on friday's session the dow losing 31 points the dow and s&p down 2% for the week here in free trade market, the dow is lower by 5 points and nasdaq as well we're waiting the final results of the italian general election. the euro has been holding ton 1.23 against the green back. so relatively steady as we await those results. the u.s. dollar 1.55 against the weaker yen the academy awards, top honors went to "shape of water" which won best actor and best director for guillermo dell toro with us, chris witherspoon, president of fandango. good morning >> good morning. >> does it give you a second

later boost in terms of sales? >> for sure, the nomination does for "the shape of water" when it got nominated it received a 200% ticket dump. we're going to see for sure an increase in ticket sales for "the shape of water. >> in terms of the film season, what are the big winners, the cheap ones to make >> i have to say "get out. it's an amazing story. brought in $255 million. i speak to jordan peele a year ago, he said basically he would not have this film made for jason bloom and bloom house. with a micro budget, under $5 million and overperform at the box office horror films were also huge at the box office >> i wonder that that says about society, horror films doing well in general, some of the most recent awards shows have been

criticized for getting too political. how do you think oscars handled politics >> i think it was greatly done, jimmy kimmel had a great opening speech he included a little politics there. but the me too movement was done in an effortless way >> what are the big surprises? >> numbers for not being included meryl streep in "the post." and tom hanks and lady bird. and jordan peele winning for "get out" i was exciteded for that netflix, a documentary called "icarus." >> and that's on russian doping? >> that's a great documentary. >> what do you think of net fliknetflix

and amazon >> they had eight nominations, that was huge. >> gary oldman got best actor for his role of winston churchill. how did that do? clearly it was great in the uk but globally >> they're not huge films with $50 million production budgets when you have a flame made at $20 million and you bring in $57 million or so, you're winning. >> and an oscar as well. chris, thank you for joining us. let's check on what's happening outside of business. philip mlip mena has the latest. classes in west virginia will remain dark 20,000 teachers are still on strike after a pay raise was blocked by the state

senate this weekend. the 46th iditarod dog race is one yea under way in alaska. they're all vying for a total purse of $500,000. and wakanda's reign continued at the box office. marvel's "black panther" brought in twikt milli$60 million. and the tenth biggest domestic film of all time seema, wilfred, back to you. still ahead on "worldwide exchange," all of today's top stories and a roundup of global markets. and talking trade. president trump's tariffs set to dominate nafta talks we're live in washington when we come back. we've helped our investors stay confident for over 80 years.

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up in the air, italy headed for a hung parliament following this week's election instant market reaction straight ahead. on the front line with workers reacting to president trump's trade tariffs. and the me too and hollywood movement big night at the oscar it's monday, march 5th, 2018, you're watching "worldwide exchange" on cnbc. good morning, warm welcome on

cnbc on "worldwide exchange," i'm wilfred frost. >> and i'm seema mody. that's absolutely your favorite on, right, beyonce >> that's right. >> see how shares are trading. nasdaq lower by two, s&p 500 lower by four. trade dominating the market by end of the last week stocks, though, did make a comeback on friday with the s&p 500 closing higher 41 points still lower by 2% for the week so it did break its two-week winning streak take a look at the ten-year treasury note. here we are at 2.9% and 2.48 on a ten-year treasury note >> uk markets fairly familiar in the face of the italian market which is headed for a hung parliament we did see the populist parties,

five-star movement, 32% of the vote, la lega the lead with far better than expected while those two parties likely form a government on their own or directly together, the fact that they've got 50% of the vote does show the shifting center attempts in european politics. but despite that, european markets as a whole are resilient. italy is down 5% and some of the banks down smaller banks down lower than that some look at asian trade for you as well which is starting the week on sort of a negative turn. hong kong down 2%. japan down .2% and the likes of hong kong and japan down 5% so those clients pronounced more nationally trade talks wrap up today in mexico and of course, president trump's big announcement on steel and

aluminum tariffs dominated the talks. kayla tausche is live. here we go again >> here we go again, the u.s. is trying to smooth down relations with the neighbors as with president trump's tariff announcement kevin brady visited nafta talks in mexico city over the weekend meeting with canada's foreign minister brady told the leaders the tariffs will be front and center when the top trade officials from the three countries meet today. at the close of each round, they appear on camera making individual marks and but some there's been some technical progress during the round. and the tariff decision could weigh even more heavily on the next round the details of the u.s. policy will be formalized by then and retaliation from canada and mexico could be in effect.

and the white house director of trade and industrial policy telling cnn, there's no point as of yet to allow any countries to back out of the tariffs. >> there would be an exemption procedure for particular cases where we need to have exemptions so that business can move forward. but at this point in time, there will be no country exclusions. >> it's unclear what would qualify for those specific business cases but the president in a tweet last night said this, he said even the u.s.' friends, quote, have taken advantage of the u.s. for many years saying, sorry, it's time for a change wilfred. >> kayla, this is going to be a fascinating story as it rumbles on clearly, it's still affecting global markets particularly in asia what do we expect in terms of timing of any possible execution? and also any other hints that we might have got friend the president that is going to

forward? >> the one case that we have to look at now, wilfred, the administration put washing machine and solar tariffs in effect they made that in january and went into effect on february 7th. so there was only two weeks between when the white house made that announcement and when tariffs took effect. that's potentially what we could see with steel even though this policy is going to be much more complicated than that, just because of people's supply chains and the interconnectedness of intercountry trade as for the signing of the tariffs we do expect that to happen this week the president and white house are planning for a potential rally on saturday in a contentious superb election district in pennsylvania we could see that signing in a leadup to that event >> the response from foreign government has been swift and strong, kayla. a top economic adviser from

china is set to be in washington this week. his objective is to work with the white house to see what else china can do to ease the tariffs proposed by the president. any idea what will be on that list >> it's really unclear at this point, seema when the top trade official from china came to washington last week, he met with the u.s. representative and the treasury secretary and met with high-ranking members of the administration, but not the president. but it's the president at the end of the day who is the final decider on all of these decisions. and there's one big investigation that is still outstanding that could hit china even harder. china has been keen to say that the steel exporting to the u.s. is very small overall. so they're not expecting this to be a decision that really gets them at the heart of their economy. even though as a by-product of their steel, this is expected to have an effect on them but that could be that 301 investigation

on intellectual property that is much broader and wide ranging that could hit china very hard >> kayla tausche in washington american steel companies taking center stage following president trump's tariff announcement hi, leslie >> reporter: hey, good morning, wilf this is timkin's newest steel facility and higher quality steel a mile underneath mexico. or 200-plus miles at the international space station. in recent year, timken steel has cut down 12% of their workforce. these are employees making $72,000 a year due to what the ceo tim timken said is unfair

legislation. he was invited to go to the white house last week urging policies that would make steel companies like his, more competitive on a global stage. last week in a surprise announcement, president trump said he would impose a 25% tariff on imports of steel coming on to our shore this could help keys like timken steel representatives are saying but critics are looking at this what does that mean for the company that timkin steel sells to does that mean theically increase prices on products they're buying and then be passed down to the consumer. we asked president timken that question and he said it's unclear because he doesn't know exactly what the plan is like yet. >> leslie, what's the morale like in the plant, the gentleman behind you is an example have you been speaking to them in the last 24 hours do they celebrate this move, and

do you ask them if they're going to support trump more going forward? >> reporter: absolutely. not only the workers here. this is largely a company town, a move like this that could make steel more competitive on a global stage is something that everybody is smiling about and everybody is excited about >> leslie thank you for that leslie picker live for us in ohio this morning. let's focus on the trade tariffs impacts on the market. good morning, tom. i guess the ongoing focus this week is what impact this might or might not have on the nafta trade talks and whether we're headed with a collapse of nafta? what's your latest take on that angle? >> well, i think it's certainly complicated. this was largely unexpected. as we go into round seven of these nafta tox now we have something else that is thrown into the mix here. the consensus view is still that

nafta stays in place i don't think there's many people that think it's just going to go away but at the same time, obviously, this raises the bar to get a deal done. and to remove this uncertainty from the market. look, on january 1st, we didn't think we were going to have to worry about trade issues from an investment standpoint. this arrests uncertainty and the market is reacting >> and it's the uncertainty of retaliation, isn't it, tom we saw that global reaction to trump's announcement on tariffs. what are you looking for this week and what is your biggest concern when it comes to trade >> well, seema, certainly when we see something come out that is retaliatory i saw headlines that the eu is threatening 25% on it. china obviously coming out with something. if this becomes a tit for tat, we've got a problem in the markets. now, it doesn't necessarily mean that it's going to cause a big economic slowdown.

but it's just adding unkercertat on top of uncertainty. the fed may hike four times instead of three economic growth is losing a little bit of momentum inflation is rising. now, we have this trade unknown to deal with it's really not surprising that the markets have all of a sudden turned volatile. >> when it pertains to the economy when the trade escalates which part of economy could get hurt the most? is it inflation or perhaps jobs? >> it could be both, honestly. it could be a double whammy and that's the concern we have to realize that this country uses a lot more steel than we produce in our various industries you saw that in some of our sector reaction, look at industrials. capital goods manufacturers last week got hit very hard i understand what the president is trying to do but this needs to be handled very well otherwise it could have

unintended defenconsequences >> you mentioned the economic turns in the data. saying that the economy has improved since december. you're suggesting the data perhaps suggests otherwise why do you think he would say that and which bit is he focusing on if other parts have shown a slowdown >> well, it has improved certainly, if we look at the data going backwards, it has gotten better. the economy is stronger than in years. the marginal direction of change, so far in 2018, more economic reports have missed expectations than beat expectations on an absolute level things are fine but if we're losing forward momentum, that's not something people have priced in especially if we're going to see a more hawkish fed. we're going to see a marginal reaction in the market >> instead of the hikes you're

expecting three or four now? >> four. we're looking at four. whether or not they have raised the dots to four in march. you take what dudley said last week, you take what powell said last week, they're going for it. >> thank you, tom for joining us much appreciated still much more ahead on "worldwide exchange" including the global mark and what to watch ahead. plus, the jet ski goes -- we'll bring you the details when we come back the scotts turf builder program. all it takes is 4 feedings, with a scotts solution for every season. it's that easy. this is a scotts yard.

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good morning welcome back to "worldwide exchange." i'm wilfred proffrost along with seema mody decent declines there with hong kong, 2.3% and those imposed on the u.s. with the likes of hong kong and japan down 5% last week. so, worse than the u.s. performance which was down 3% for the dow, 2% for the s&p. let's have a look at markets in europe. positive for europe l ge, in gey spd voting to join and retail sales out of the eurozone playing into that stronger performance as you can see it albeit, we're missing the main

story which is literally italian market down best part of 2% this morning -- well, down 1% unit credits down 3% results were headed for a hung parliament and the two populist parties getting over half of the votes it remains to see be seen if they can form a government or not. let's see what this means for u.s. futures essentially flat down 3% for the dow, 2% for the s&p, 1% for the nasdaq hovering around the flat line green and red flat open. treasury yields, 2.9% on the ten-year we've been below that for the last week or so. 2.85 field on the ten-year seema. >> wilfred, time for the top trending stories all about the oscars

the big headline "the shape of water. taking home best picture one notable moment happened during frances mcdormand's acceptance speech, she asked all nominees to stand. >> only 12 people in history have gotten the coveted egot the emmy, grammy, oscar and tony and robert lopez got an egot he and his wife took ohm the best song for "remember me." he's the first person to double egot >> congratulations and the jet ski goes to

oscar host jimmy kimmel announcing whoever gave the shortest acceptance speech would get a jetsky he delivered mark bridges on a 30-second speech the great helen mirren presenting him the prize >> i don't know why he picked a jet ski but great pick >> that was the prize that kimmel presented up there. >> i don't know why jimmy kimmel chose a jet ski but it was great. >> it was fun. still ahead on "worldwide exchange," stocks feeling the heat as fears of a trade war continue what you need to be watching in the adg ektrinwe ahead that's coming up and don't go away. we're back in a couple of minutes.

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siem se seema mody in corporate news, amazon in its fight with google will stop selling nest devices like as thermost thermostats. amazon has refused to sell the home google device and pixel phones amazon has pulled it from echo tv and echo devices. porsche is rolling out a passenger drones the majority of flight would be automated. porsche's rivals including daimler and vw have been vesting in flying cars that looks like the regular car. >> i'd like a porsche and a flying car those two week >> ideal >> and the jet ski maybe too let's get back to the markets. futures are essentially flat down 3% for the nasdaq last week

3% for the dow, 1% down for the nasdaq and we're flat essentially in the premarket at this hour joining us chad morganlander have the tariffs been priced in as a forefront for most indices with a rise in stocks? >> for the time being. this is going to be a slow-moving train. and we're going to have to see where negotiations go. you can see where this could accelerate quite rapidly, in particular in china, as well as our allies in the european union, on the auto side. but overall, from s&p earning and the u.s. economy for the time being, is this not going to affect it but we have to be, of course, cautious of it >> but there definitely seems a divide between the steelworkers here in the united states but also at the same time, the steel buyers who will have to deal with steel and aluminum as well.

>> so, on our consumer tape stae companies like the beverage companies we haven't made that adjustment as of yet because we still have to see where it all lands. but overall from an separating per 13ek9 tiff and for the sm s&p, there won't be material impact but again, what we've been advising investors to do since the start of the year is to start to move up the quality spectrum, being big companies. overall, the bigger picture, the biggest concern, as you start to see readjustment in the central banks across the globe, that's going to add to volatility >> do you expect that to happen sooner than later rather than some other banks like japan? >> well, japan has announced they're starting to figure out their acceleration or accommodations the ecb, we're looking for a taper. but by september, potentially an

increase in rates by december or january. so, that's going to have material impact not only on the currency but overall the risk markets. the markets have priced in inflation or fixed income market environment here that's below the rate of inflation. creating this acceleration for valuations across the globe. in particular with the equities market. >> you're saying stick to boring stock, as mentioned, starbucks, cisco, names like that >> starbucks, sis koi, hormel, maker of spam. we also like companies like adp, you have operating margins that are quite stable, as well as revenue growth that's go to be quite predictable as well. >> what about the same stocks? >> some of them google, as well as apple, you can look at those. revenue growth numbers are exceptional.

similar to microsoft and oracle on the top line. even with the massive revenue line that they have. operating margin stability we think sis a factor there >> there's been a debate about the quality of rebound there and perhaps a little more attractive than the u.s.? >> we agree with that the eurozone in the economy will grow 3%. valuations in particular are quite attractive so we've been overweight in the secueurozone 2017 and 2018. >> last month, when we saw the rise in volatility that sparked the market >> we do believe the jobs numbers are going to be quite

robust but we're not terribly concerned that inflation is going to start to spiral out of control overall. when it comes to the global outlook, we think the federal reserve will raise rates three to four times into 2018. and three times in 2019, so, that's above consensus expectation that the fed will go farther than everyone has anticipated. >> thank you for joining us. >> chad morganlander of washington crossing advisers only about a minute or so left to go a few things to watch. keep an eye on the european stocks, with the italian election elsewhere, resilience in europe, have not felt the implications broader eu as also we'll be watching any headlines that come out of nafta talks. we'll have highlights throughout the day on cnbc.

and don't miss carlos gutierrez talking the economy. he's co-hosting "squawk box" at 7:00 eastern time. central bank wl ilbe focused with randal quarles. >> that's it "squawk box" is next

good morning president trump looking to make his mark on u.s. trade policies. our reporters are spanning -- spamming -- spamming we say with hormel they're spanning the globe for reaction to the teariff announcement and what we saw was a selloff in stocks. today, futures have recovered. i think they're in positive territory right now. but in europe, italy is headed for a home parliament. that is lower, even though the others are trading higher.

and, yep, "the shape of water" i actually saw it, taking home the top prize the oscars which i also saw like the first hour, coming your way, anyway, we'll talk about it. monday, march 5th, 2018. "squawk box" begins right now. ♪ >> announcer: live from new york where business never sleeps, this is "squawk box. >> good morning, everybody 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 kernin and mike santoli who is in or andrew glad to see you. >> glad to be here >> he's going to be with us for three hours, also our gues