it is 5:00 a.m. here at cnbc here's your five at 5. breaking news, malaysia filing criminal charges against goldman sachs. more on this developing story in minutes. despite that, wall street pointing to a higher open. traders gearing up for the final full trade of the year. d.c. drama heating up. the clock ticking towards another government shutdown. that deadline now just five days away why today marks a major milestone for bitcoin and it is holiday crunch time and we are live at a fedex facility with just eight shopping days left to go until christmas it is monday, december 17th, and

"worldwide exchange" begins right now. ♪ ♪ good morning and welcome from wherever in the world that you may be watching. i am brian sullivan. so glad you are starting your day and your week with us. here's how your money in the global markets are setting up their monday dow futures, slightly lower. we're going to watch this trade super early. futures can't really be relied on that much at the top of the five there's your look. considering we were down nearly 500 in that dow shellacking on friday, even just a 5 or 7 point gain in the futures doesn't look too bad. the asian markets did pretty well overnight not great but we did see green on the screen. japan up .6 and shanghai up fractionally. we lead with the developing story over dow component goldman sachs. malaysian authorities filing

criminal charges against the bank it is related to the one mdb scandal. joining us now on the cnbc news line is tom wright he's a reporter from the wall street journal he is literally one of the people who wrote the book on this the book as we've talked about on the air is called "the billion dollar whale." tom, we appreciate you joining us on short notice are you surprised about criminal charges being filed against goldman? >> yes, i am surprised by this last month it was announced that there was criminal charges, indictments against goldman individuals. leitner has pleaded guilty to misleading the firm and stealing money and bribing officials. this in ma sharon shah -- malays

a criminal charge on the issuance of the bonds from which the money was allegedly stolen. >> tom, i've read your book, by the way. i think it's one of the best business books in a long time. congratulations on that. my initial reaction coming to work this morning is this is probably -- seems more like the malaysian government's attempt to save face with an angry populus. >> reporter: well, of course goldman is saying it is misdirected and it is going to vigorously defend it i agree with you i think what's happening here is one is the malaysians are looking at what's happening in the u.s. and they think there's going to be a deferred prosecution agreement and that goldman is going to have to pay a fine i think malaysia's attorney general is looking at it saying is malaysia going to get its hands on that money. that fine will be large. this is an attempt for malaysia to sort of stake its claim

the question is how enforceable is flig going to be? goldman doesn't have big operations in malaysia with very little business. most of the business is run out of hong kong and singapore >> what do you think of the legacies of gary cohen who left and loyd blankfine reading your book, it seemed like cohn was driving this we're getting huge fees. whatever they're doing in malaysia, let them do it do you believe whatever happens here, tom, this will tarnish the legacy of gary cohen and potentially loyd blankfine >> i think it's not good there was a saying called monetize the state these were money pots of gold for other banks. goldman was advising on current investing, helping them raise money and cohen was a huge force

behind that. he went around he was in asia pushing that. that was seen inside goldman as a lucrative thing. blankfine said people should do more of what tim was doing this was seen as a lucrative line of business. >> i'm not defending goldman sachs in any way here but one thing that i got from your book, leitner was kind of a cowboy i got the sense that he wasn't a rogue employee but certainly doing his own thing and management was simply guilty of neglecting to manage him is that a fair way to characterize is it >> i think that's very fair. the partner structure and committees to check wrongdoing didn't work.

leitner was off the grid he wasn't around he had a very long leach to do business goldman's position is that leitner and they were off the reservation and they didn't know, goldman could not have known what they were doing what the malaysian charges say is there were material admissions in the bond market. jolo ran the whole scam so the malaysians were saying, goldman, you should have known better your former partner tim leitner did know >> i urge everybody read your book it makes madoff look small time. tomorrow write, author of "billion dollar whale" along with bradley hope. thank you very much. >> thank you. well, so that kicked off

your week. how about that by the way, it's also a huge week for your money. there is a lot going on. i know you're probably just waking up. here's what you have to look forward to mario draghi speaking in italy you have a major speech in beijing tomorrow by xi jinping tomorrow rate hike you have the fed meeting here where they are expected to raise interest rates again and have a press conference and you've got china holding their annual policy city setting meeting. wednesday is big thursday bank of england and japan. you have the third quarter gdp number coming. by the way, at midnight is the deadline to get some kind of budget deal done or the federal government will be shut down jeff hirsch at probabilities fund management. that is a busy week.

>> that's a heck of a docket. >> if you had to pick something, our fed wednesday, china's meeting -- >> wednesday jumped out at me with the existing home sales and the fed. we've been contending the fed is the biggest risk to the economy and the market since back in the summer and the housing is where we've seen that weakness i think wednesday is a big day the fed is the key to it all. >> stanley drucker miller, op ed in the wall street journal basically saying, pleading with jer roam powell and the fed, take it easy back off the rate hiekts would you agree with that? >> yeah. we ourselves pleaded it wouldn't be a farfetched idea to pause we're seeing some push back on it we're getting closer they're starting to get a little more dovish about it in the rhetoric we'll probably get that hike in

december but if the language is very close to neutral we're not -- >> like dave said in the past. >> most recent stuff not the one before that. if they're along those linings, then i think the market can take off. >> the bond market is getting a little bit of that for the fed. >> supposed to. >> ten year yield at 2.89. >> come back quite a bit. >> the bond market has in some ways backed off. >> the fed is supposed to be listening to the bond market. >> exactly and they have. you've got growth, earnings market i think the fed has done its job, gotten to normal. kept inflation to check. >> your long history that you guys study so well. >> yes. >> the almanac says things are supposed to be good this month >> that's not the greatest sign in the world we'll wait until the end of the year in january to get our final assessment we'll be putting our forecast on thursday all of this negativity going against seasonal patterns is a

negative indication. >> you don't like it >> i don't like it we'll wait for santa claus what yale created back in '72. the last five days of the year, the first two of the new year. if that's down like it was in the past several times, 2000, 2008, '05, '15, '16, weakness, bear markets. >> you think it's too simplicity to say history says, the calendar says this is usually good not the case right now there's a lot of stuff -- >> a lot of stuff swurlg around. >> when the market doesn't play, there are a lot of other fact orgs >> jeff hirsch probabilities fund manager >> happy new year. first time i've said that. thanks, jeff. still ahead, oil in focus. one major global energy company wants to invest in the u.s. to the tune of $20 billion.

we'll tell you who that is. and a major bitcoin milestone. the cryptocurrency had a rough patch in the past few months understatement of the day. 'll nearly 50% since october. wetake a look back at bitcoin's wild ride. stick around you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today.

don't get mad. ♪ there's no place likargh!e ♪ i'm trying... ♪ yippiekiyay. ♪ mom. ♪ welcome back the country that just quit opec wants to invest a lot of money right here in the united states. up to $20 billion worth. qatar petroleum was making those

comments over the weekend. they want to build out a more liquefied natural gas presence in the u.s they've committed billions to the golden pass l&g facility they have exxon mobil and connick could he phillips as minority partners. qatar petroleum wants to put a lot of money here in the united states. sticking with qatar, the 2018 doha forum in that country just wrapping up hadley gamble is there, was there. joins us with some of the highlights hadley >> reporter: is there now brian, and i have to tell you i had a very wide ranging interview with the prime minister of turkey you have to remember again and again you heard comments coming from the turkish media and the turkish president about what exactly happened to him.

they say they have audio reportings that tie the crown prince directly to his murder but they've refused to let the world hear those audio recordings i had a chance to catch up with him and i said, listen, are we at a point where the president of turkey is really milking this given the fact that turkey's human rights record is so dire let's listen in to what he had to say to me. >> this is something else and murder is something else are you trying to say it is the faumt fault of president erdogan that this guy was killed? >> he was pretty pushy and i pushed back. turkey's president has said he wants him extradited back to his country. the foreign minister weighed in.

he said president trump on the sidelines of the g20 made it very clear to president erdogan that there were discussions right away to have him extradited a lot of interesting conversations on the sidelines here in qatar we saw the foreign minister of iran, turkey, i spoke with the qatar ri prime minister as well brian? >> yeah, and a lot more people coming out with the qatar move quitting opec. by the way, a lot of people may not realize there is a bill trying to make opec illegal. qatar has left opec because they want to invest more money and are looking for clearance against any kind of a push back on opec. are you hearing that on your side of the world, hadley? >> i'm hearing that as well.

yes. it's interesting we were talking about that gcc blockade and the relationship between qatar and normal allies, saudi arabia and the uae this has upended things and they've had to look elsewhere when it comes to allies and investment what we saw with russia after u.s. sanctions this is a situation where qatar is now benefitting from the fact that they can't turn to their brothers in the gulf states anymore. it will be interesting going forward to see where else they decide to invest. >> all right hadley gamble. a pleasure see you soon take care. up next, countdown to shutdown if we don't get a border wall deal by friday, the president says he will shut down the federal government more on this important time line next plus, why america may be opening. what emerging markets may look very tasty to you. it is mondayits , i5:17

futures slightly higher. we'll be back right after this i.

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welcome back thank you for being with us. here is a rather ignomanius stat to begin your week today, december 17th, marks one year since bitcoin hit the all-time high. it was just a bit under 20,000 20,000 since then it has been a painful ride down.

bitcoin at 3200 and change right now which means in 12 months bitcoin has fallen 83% as bad as that is, some other crypto commodities have done even worse in washington news, investors are watching for two key things out of the nation's capital. number one, the possibility of a government shutdown as of midnight on friday number two, another shakeup in the west wing. let's get down to nbc's tracie potts with more on both. tracie >> reporter: hi there. good morning so shutdown, we have no idea what the plan is literally radio silence here on capitol hill in terms of the shakeup, we know the interior secretary is out so is the chief of staff who has been replaced at least temporarily. the other big issue here, the russia investigation and new numbers suggesting americans do not believe the president. is president trump telling the whole truth about russia meddling in the presidential electi election

62% of americans say no and our latest nbc wall street journal poll. >> more and more people are believing in mueller, fewer and fewer people as your survey show believe the president. let's get the report, read it, let it go public and let us decide. >> reporter: the poll shows half of americans with at least some doubt about the presidency mr. trump's former lawyer michael cohen is headed to prison in part about lying about trying to build a trump skyscraper during the campaign with help from the russian government. >> hiding it from the country, seeking the president's help. >> reporter: president trump calling cohen a rat. his lawyer says the president will never talk to mueller now. >> a joke. >> no interview? >> they're a joke. over my dead body. >> reporter: and a pardon for cohen? apparently that's not happening either. >> that liar can say what he wants. i told his lawyers, there will be no discussion of a pardon. >> reporter: the president and

his supporters continue to point out there's been no evidence of collusion between his campaign and russia now the real issue here, according to our poll, it's the people around president trump. nearly 46% say they think president trump himself has done something wrong. >> a wild sunday a wild monday and a wild week, no doubt, ahead. tracie potts, thank you for making it so clear for us. wow. let's bring in jimmy petakoukis from american enterprise institu institute. jimmy p, you have a lot of stories hanging out there, a border wall deal, government shutdown, cohen, mueller from a market's perspective, what do you think is the most important e.c. story line now? >> the most important d.c. story line is the one you didn't mention which is china. >> thanks a lot. nkts talking to the full plate of uncertainty it would still be

these china negotiations i think right after that i put the mueller investigation. listen, the shutdown which we're going to talk about which is like story number one, that should be a minor political event longer term. it should not be a market or investor event the last time it was it synced we're still talking about it in march. in march the debt ceiling returns and i don't want to talk about the government shutdown and the market thank you for saying we didn't hit the top story. i appreciate it. >> i'm editor at large. >> you are a large editor. i will give you that credit. you have seven kids for pete's sakes, can you do anything you want here we go i remember 2013 with the shutdown because we were doing primetime specials every night

where the market was going haywire, but you believe it sounds like you're saying that was more due to the fact shutting down over the debt ceiling than simply shutting down because if you shut down friday, it's not because of the debt ceiling. >> no. >> which means you think -- >> not that big of a market event. >> especially this time around where you have a good chunk of the government funded. it's a less significant shutdown than in the past it's easy to conflate the two issues together. this could be a live issue in march. if the shutdown is a live issue, there are research notes, people talk about this, then by the way you have the mueller investigation. that report could get released then you have a president who wants to short his base, be even more hard lined about this wall.

i think you have a confluence with things that are unheard of in american history. it sounds like boilerplate but it's a real thing. >> 33 people i believe have been charged or are about to be charged or sent to jail around the mueller investigation. many of them sort of minor figures here again, from a markets perspective, other networks that can talk about the political side, jimmy, how big a story do you think the mueller investigation may end up being i think it has more to do with the market volatility than we are mentioning. >> i don't see how you could not try to think about this. if you have a possibility of the impeachment of the united states, doesn't happen all the time we had one 25 years ago. when you have people speculating, what would it be like under president pence, who would be his treasury secretary.

people are talking about it. we haven't had to think about it 2019 i think we have to think about it. >> think about it this way, the market is still looking for some things, whether it's infrastructure bill, changes to the tax reform bill maybe making it permanent if the democrats continue to be more aggressive and the republicans back off, the theory is nothing is going to happen. if you are looking for infrastructure or something else, you're not going to get it we're going to be occupied with the mueller, cohen, trump and everything else. >> i think if your theory is fine, that we've had all the problems fixed let congress do nothing for the next two years a fair reading is everything is not fine

infrastructure would be great. that is a missed opportunity if we do nothing for the next two years. that's where the smart money has to be. >> we just ran the sound bite from senator chuck schumer release the report we're not talking about infrastructure jimmy p., we have to let you go. going to be a busy week. >> you've got it. on deck, we're going to try to answer the question no doubt many of you have had lately, i know, we've gotten it. why has the stock market been so crazy lately just eight shopping days left until christmas. that means it's crunch time for shoppers and shippers. frank collins live at a fedex facility frank, how is it looking >> reporter: this is crunch time for the holiday shipping season. they're expected to see a record

number of packages delivered they say due to ecommerce packages that they're suing. much more of that is coming up on "worldwide exchange" right after the break. rebekkah: opioids has taken everything and everyone i've ever loved away from me. everything. i blew my ankle out and i got prescribed pain pills by my doctor. if making my detox public is gonna help somebody i'm all for it. i just wish i would've had a warning.

breaking news on dow component goldman sachs. malaysia filing charges over the sovereign wealth fund scandal. is there another rate hike coming this week we have the federal reserve meeting coming on wednesday.

is it too much too fast? and it's crunch time frank holland at a fed ex facility can they get your package to you on time? it's the retail rush on monday, december 17, and you are watching "worldwide exchange" on cnbc. 7:00, 48 degrees it's the u.s. post office delivering an amazon package shout out to the men and women working hard this holiday season welcome back thanks for being here with us on cnbc happy monday i'm brian sullivan all the news you need to know in 60 seconds kate rogers is here with your executive recap. >> here's what's leading cnbc.com breaking early this morning, malaysian authorities filing charges against the big bank

relating to the 1 mdb scandal. shares of goldman are low in the premarket. call him cruel, the co-founder of hq trivia and vine was found dead in his manhattan apartment. pearl was the ceo of the hq trivia app he worked for a short period at twitter after helping launch vine which was bought by twitter. he was just 34 years old. and french car maker renault is calling for nissan to hold a shareholder vote asap. top executives sent a letter saying carlos ghosn's arrest has problems with our stability. let's get a check on this morning's other top headlines outside of the world of business >> reporter: brian, good morning. millions of people along the

east coast are drying off after days of relentless rain. the downpours flooded roads in virginia and maryland causing traffic chaos and leaving some drivers stranded at least six people in fairfax, virginia, had to be rescued by boat northern california remains under a high search advisory five back-to-back storms are expected to hit the west coast this week. a suspected gas explosion at a restaurant in northern japan has injured at least 42 people, one seriously. the blast set off a fire that burned for six hours it destroyed the buildings that housed the restaurant and a real estate office as well. fans of a christmas story can re-live the christmas classic movie now that the house that was rented comes with that iconic leg lamp. reservations are fully booked for this year but next year is open, brian. you can shoot your eye out for about 395 bucks a night.

>> i was going to ask you, you remember the line there, what kind of a bb gun was it? i'm putting you on the spot, mena. >> red ryder. >> appreciate that he knows what he's getting now gosh all right. here's how your money and investments look yesterday's nearly 500 point haircut. we are seeing a fractional rebound for the dow futures. up 36 points nasdaq and s&p futures mildly in the green as well. overall, 2018 has been a pretty rough year 13 and 25% gain, the dow is struggling to stay positive. let's help you get smarter for next year. bring in steven whiting. if i'm reading your report right here, i think i can read, how to invest in 2019. >> there you go.

>> 2018 needs to go away. >> indeed. >> how do we invest and make money in 2019 in this kind of market >> multi-asset class you need high quality. >> you don't need that >> quality fixing. you think about this a fully invested portfolio that's multi-asset class that has everything is 39% equities when you have a draw down of 10% and you're at 39%, your equity allegation is not the same as being 100% this idea of getting in and out of the market fast we think is a mistake and you tend to see the largest declines and gains right close to each other. you have to be in the market now we think there's a lot bigger waiting for portfolios. there should be much more value for u.s. clients. >> over equities. >> it's not over equities. it's both.

we think we are at this point over shooting to the down side in markets there has been much more that we see. think about it this year, you bent 25% contraction we think that earnings will do well there's still going to be valuation constraints. >> with all due respect to the great men and women -- you don't need that. it's just you and i, who talk about valuations are more attractive shouldn't valuations contract? aren't they supposed to contract >> no, that's right. >> it doesn't mean they have to uncontract and in other words the market go back up. that's not the way it always works. >> let's look at it this way when the u.s. economy is in recession and earnings fall 25%, it is a question of when

we've had this a dozen times since world war ii we do think, again, we're going to make another new record high but what we did see is with value wagtss contracting is going to be with us in 2019. monetary policy, as we think about the federal reserve, tightening into an unfriendly news environment, you don't have the can't lose kind of monetary 'sill. we ipded up with icing it. this is an environment where -- >> it's a lot more risky

if it doesn't faulter, then you have the same sort of issue that limits returns but there's still, i think, very good opportunities. >> have a big basket it sounds like how to invest in 2019 steven whiting, we'll see you in 2019 thank you very much. have a happy new year. >> you, too. we are more than a week away from christmas, holiday shopping and holiday records. take it away >> reporter: today is the very last day before christmas that fedex will guarantee that your package will arrive before the holiday. that's largely why fedex expects today to be one of the very busiest of the holiday season. we're seeing a lot of activity boxes are moving everywhere you look management says automation at this facility allowed the 500

workers to process 12,500 per ho hour anything from a sweat er that your grandmother shipped and fed ex expects to ship a record, 400 million. ups and the post office expecting to set records this is the ultimate delivery. fed ex is the lowest 98% of the average for the rest of the year. anything below 90% is where you see a lot of customer dissatisfaction and even outrage on social media. fed ex experienced that in 2018. in order to prepare fedex set out 3 to 5,000 workers last quarter fed ex saw the

average daily shipping volume of packages increase. brian, back over to you. >> quickly, frank, how much does amazon do to the whole thing. >> you know what, brian, ee mop me mers ecommerce, certainly amazon, not as big as many people think. >> frank holland, edison new jersey. it rantd all weekend, what else are you going to do we'll tell you what came out you think our stocks are cheap, seema modi will be up to tell you what markets are looking good

that is a christmas classic. >> that is the worst song i've heard. >> time for this morning's top trending stories kate rogers, apparently into trends for the '90s. >> no, just n sync. >> get it right. >> what's trending. >> enthusiasm for super heroes

continues at the box office. spider man into the spiderverse took the top spot. they brought in $35.4 million making it the most successful opening for an animated film ever miss universe took place last night. catrionna gray claimed the crown. miss u.s.a. made it for the final round but was eliminated before the top ten. the annual monitoring the future survey of adolescent drug news was released this weekend it included good news and the bad news teen use of alcohol and opioids fell but the rate of adolescents to 21% this year that is the largest one year increase of any substance use in the ten able's body.

>> you see all of the warnings on the products. i think a lot of the flavored product -- >> got like bubble gum, cre creme bruelle. >> you're a lot younger than i am there were these candy cigarettes. >> they had those in our day. >> you blow it out, it would be powdered sugar. >> yeah. >> they outlawed those you don't see those anymore but now you have candy flavored actual nicotine products. >> what's interesting annett dotely do this and -- >> wind up 1340eking and vaping. >> boking. >> i don't know if that one is going to catch on. >> i don't think it will either. >> kate rogers, thank you very much >> thank you. in the sports world, the rams hosting the eagles.

the rams are 10 1/2 point favorites. nick foles, the guy who won the super bowl for the eagles comes in not only did the eagles cover, they won the game. 30-23. the question is this, is jim a cramer going to be on tv what a game it was that wasn't the only game worth watching coming up in our rbi, a team that has hit a rather special milestone. still ahead, we are going worldwide. seema modi up on the emerging rks atremaetth a looking pretty attractive to some investors right now.

♪ call on me brother ♪ when you need a hand ♪ lean on me, when you're not strong ♪ ♪ and i'll be your friend ♪

♪ i'll help you carry on ♪ ♪ lean on me ♪ mmm... ♪ lean on me... ♪ mmm... ♪ lean on me. welcome back investors everywhere closely watching the overseas markets because global stock valuations around the world are at a five year low the question is this, what markets are most likely to generate the biggest returns right now? seema mody, i have a question for you. >> yes. >> what markets are likely to generate the biggest global returns right now?

>> brian, here's a story there is not one stock market around the world that has not been rocked by the volatility that we've seen this year. in most cases the losses are more pronounced over seas. for the year the s&p 500 is down 2% the stoxx 600 is off by 12%. china is down over 20% that's brought done valuations the valuation is at 13 times earnings trading at a discount to the u.s. stock market which is trading around 15 times earnings in other words, stocks in china and europe are cheaper than they are here in the united states. certainly one of the many factors value investors will consider as they decide whether to put money to work in these foreign markets but it's just one of the drivers others being the direction of a dollar three political events across europe from italy, germany, to the continued brexit negotiations and as it pertains to trade, chinese stocks can

outperform if we see an end to trade tensions in the united states and china we won't have an answer to that question until march first between whether china is unveiling other stimulus measures. >> i speak two words of portuguese which means very hot. not that i've ever been called that, i'm talking about the weather, seema the brazilian market has been that. >> it's the best performing major global narkt 2018 bhmpt had we'll be able to deliver policies na will become a show me story. >> seema mody, we'll see you all

day on scmb. >> let's am have larry come in you're head of global macro. are there markets in the world that look attractive to you right now? >> i would agree with seema. you're talking about equities around the world that have already been through a real grisly baerl market. >> and i think it's very clear emerging markets will come out of this mess first they let us into it, they're going to come out first. >> where let's make some money. >> we did a beer traps report on brazil and that administration we see 29%. overall i think the u.k. is a

special place. i think they do something around brexit and then by january 20th so the u.k. equity, it's the ewu, you have 10 to 15% up side. >> do you know why i ask you about global marketing your latest note had the dow theory chart and you got me so scared last night. the stock market looks terrifying. >> it's a famous market indicator. since lehman we really haven't reached real what we call real money selling. we cover cat all across the road the dow theory if it's

triggered, lower limit in the dow, that brings out real money. the beginning of a longer termle bahre and -- we've basically reversed from those levels and had bear market rallies into the new markets. it's up there on the bear traps market it's a good blog friday we did trigger the dow theory we could bounce something. >> i wish we had the chart where the transports were against the dow because you noted in your report and they match up nearly perfectly in the transport in x index, it looks like an icicle hanging off an awning and there's nothing under there from a support perspective to keep it up if the transports keep falling

yes, first, retail, the xrt is down the most in one quarter since lehman talking retail here. retailers in the united states. >> wow >> consumer discretionary down 16, 17% from the highs, whereas, the staples. >> yeah. >> consumer staples are not worried. >> larry mcdonald. great to see you have a merry christmas. >> thanks. monday rbi before we get into the actual rbi, we'll fire up 9 "worldwide exchange" to look back at a call i made you'll win six or seven games,

i'm predicting it, for the browns bring the show to cleveland if you win six games. >> can i come? >> why did i say that? i like being right but now the cleveland browns have a record of 6 ooshlgts 7. >> 8 if they can, it le will r will be the second time since think lapse. that is 113 fewer than the new england pand patriots had. the cleveland browns have more wins this year than the previous three years combined and apparently because i have no authority to bring the show to cleveland on my own, i'm going to try to us get up there.

that's it for "worldwide chge "squawk box" is next ♪ there's no place like home ♪

argh! i'm trying... ♪ yippiekiyay. ♪ mom. ♪

good morning malaysia overnight filing criminal charges against goldman sachs over the 1 mdb scandal details ahead. stocks relatively calm after friday's big selloff another 500 points off the dow busy week for data and central banks. we'll get you ready for the big event that could move the markets. countdown to christmas is live we'll take you live to a fed ex facility preparing for the busiest time of the year, monday, december 17th, 2018, and "squawk box" begins right now. ♪ ♪

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 kernen and andrew ross sorkin. let's take a look at the u.s. equity futures right now you'll see things are relatively flat dow futures down by 7.5 points watching what happens here last week was a down week for the markets. dow was down another 1 point be point 2% nasdaq down by .8% maybe more concerning is hearing from the bank of international settlements that the global selloffs are not an isolated event. we'll talk more about that in a bit. in the meantime, take a look at what happened overnight in asia. the nikkei closed up by .6 of a