it's 5:00 a.m. on cnbc, here is your top five at five on this busy monday. get ready because all the biggest banks are set to post their numbers this week. will they indicate the u.s. economy is slowing down? d.c. dysfunction now taking it to an entirely new level as the government shutdown enters its 24th day trade wars, easy to win? china exports plunge as the trade war takes its toll the ceo of california's pg&e suddenly quits is that company report lid prepares for bankruptcy to ward off claims from devastating fires. and ford, making an even bigger bet on all electric cars. you will hear from ford ceo all

on this monday, january 14th as "street signs" begins right now. ♪ ♪ electric slide >> that's a car reference. good morning, good afternoon, good evening and welcome from wherever in the world that you may be watching. i'm brian sullivan thank you for starting or maybe end your day with us here on "worldwide exchange. there's a ton of news that could impact you and your money. we're seeing that right now in the futures. dow futures implied open more than 200 points to the downside. they're down about 224 points. not only do you have the headlines that we just hit and get more in just a moment, you also have news over the weekend that the white house was reportedly exploring and asking questions about possible military options regarding iran. that request, by the way, was made a while ago but the news crossing over the weekend. that could be having some pressure on stocks as well

along with that, there are four big developing market stories all for you on the monday. the longest government shutdown in history now entering its 24th day. also the pressure mounting on british prime minister theresa may all ahead of a crucial brexit vote. three, secretary of state michael pompeo meeting with mohammed bin salman in riyadh and china reporting a big jump in its u.s. trade surplus. as always, we have full team coverage of all these stories. let's begin with the data out of china overnight. live in beijing with the numbers and the impact eunice. >> thanks so much, brian they reaffirmed continued weakness in china's economy. the export and import numbers for december out of china both missed expectations. experts dropped 4.4% from a year ago. analysts expected a 3% rise. imports shed 7.6% versus

forecast of 5% growth. china's trade surplus jumped to $57 billion and china's exports to the u.s. in particular declined by 3.5% and surplus with u.s. was the highest on record going back to 2006. the data tells us that overseas shipments have been affected by the trade dispute. also companies aren't front loading their shipments anymore. so, the practice of asking the retailers asking exporters here to rush some of the orders happened earlier in the year global growth is also softening. another interesting point, brian, is that domestic demand also isn't picking up. that's one of the reasons why you saw so much negative sentiment in the stock markets over here today. >> maybe here as well. eunice, thank you very much. now let's turn to washington the government shutdown entering its 24th day is there any sign of a break in the impasse? susan mcginest live.

>> good morning. no sign of a break in the stalemate as of this morning democrats continuing to insist open that government first and then we can talk border security but either way, they say they're not going to fund a wall the only glimmer of hope happened with a suggestion over the weekend from high-ranking republican senator lindsey graham who said, he thinks the president should open the government just for three weeks to allow talks to continue and if there is no deal graham says the president can resort to that threat he's been making to declare a national emergency and then use other emergency funds to have the wall built but time is dragging on here, day 24 more workers beginning to worry about how they're going to make ends meat and polls showing that the republicans are shouldering much of the blame for this shutdown brian? >> susan mcginnis, thank you very much. now to your third big market theme today the brexit

as the uk gears up for yet another important vote on the future of that nation in the european union willem marx is live in london with that. >> reporter: brian, over the course of the weekend the prime minister and some of her cabinet ministers warning members of their own conservative party that they do not want vote for her proposal tomorrow night in the house of commons behind me they could see brexit being reversed that seems to now be the default policy to try to push this deal through tomorrow night we expect the prime minister is going to suffer a significant defeat we had more than 100 members of her own party saying they will vote against her own proposal. in the meantime the opposition party labor could table a motion of no confidence in her government which could lead to a general election huge amount of uncertainty we're expecting to hear something from brussels today to try to push this deal through. but it may be too little too late, brian.

>> willem marx in london thank you very much. headline number four on this very busy monday, saudi/u.s. relations. secretary of state michael pompeo in riyadh meeting with saudi prince mohammed bin salman hadley >> good morning, brian so what we understand so far at least is that sing salman got about 35 minutes of the secretary's time and he spoke with the crown prince of saudi arabia for at least 45 minutes one of the things we know they discussed with the situation in the yemen and the need to deescalate tensions there. remember, of course, one of the things that many folks at the state department had told me going into this series of meeting was the murder of jamal khashoggi. no word yet on what we could have heard from those conversations between these two. i have to turn to what's happening in the energy markets. they had a massive energy meeting with the atlantic

council. i spoke about worries concerning volatility in 2019 let's listen in. >> i've been decisive in our action not only the kingdom but other countries. beheard from the emirates. i talked to my colleague from iraq repeatedly and they've already taken action russia has started slower than i like but they started, and we will, i'm sure as they did in 2017, ultimately catch up. and be a positive contributor to rebalancing the market >> really interesting conversations over the weekend, brian. essentially hearing from these energy ministers again and again really trying to put a new face on opec and opec plus, really trying to say, we're here. we're listening. we want that market balance and we're going to try every way we possibly can to get there including talking to shale

producer so a new conversation coming out of opec members and something certainly we'll watch in 2019. brian? >> hadley, is it just us or does the theme in the oil market not seem to be sort of oil pumping but finger pointing. what i mean by that is it was the saudis blaming the u.s now you have the saudis and opec blaming russia they're dragging their feet. the russians say, no, it's actually the united states because they're the swing producer everybody is casting the blame at the other big producer. >> well, that's always the easiest way, isn't it, brian i think what's really interesting coming out of this weekend were a couple of things. one, this relationship with russia they seemed to emphasize to me again and again with regards to russia, they're not going to become a part of opec necessarily but they're going to become a member of the charter which essentially means we'll see this relationship continuing and continuing to develop behind the scenes people saying to me, alexander novak, we think he's an honorable man and somebody we can work with, but what i also thought was interesting was the

real push to put a new face on opec to rebrand the organization as one that's just trying to achieve market balance they're more than willing to work with partners in the united states including trump administration and the shale oil producers. >> hadley good stuff from riyadh by the way, speaking of commodities, we have got a major deal that just crossed the tape moments ago. breaking news in gold, newmontbp the price of gold has been in a slide since back in 2011 hit nearly $1,800. since then has been kind of on a long slope down. now this deal for goldcorp. represents on a 20 day weighted average for the stock 17% premium for goldcorp. shareholders look at a five or ten-year

chart, like the price of gold, that stock has been in a slide as well. so denver-based newmont mining seeing an opportunity to pick up a company and a supply of assets on the cheap look at goldcorp. stock down for almost $30 a share back five years ago to just under $11 a share today. so a 17% premium, a slight reprieve for much beleaguered jc shareholders unless you bought in the last couple months, you're still probably under water on the stock but here is the story of gold, like oil, you have to control supply that is the key. they will have the largest reserves in the world. perhaps they'll bring back some of that production to tighten up gold supply. more on this breaking deal newmont mining to buy goldcorp. for $10 billion and 17% premium on gc. turning back now to the stock market as we just laid out, you have oil, you have brexit, you have the shutdown showdown and china

all weighing on your money this morning. here is the question, with all that going on, how do you navigate these risks let's bring in ceo of commerce street capital we laid it out as the wall of worry, what have you you have the iran news over the weekend too. what are you and commerce street capital focussed on? >> well, one thing that's behind us is year-end i think the market is looking for an excuse to have some good news it has some down washd bias here so this week will be a really big week as the earnings start this week and it starts with three sectors that have sold off more than the market you know, with that being energy, technology and financials and that starts today with citi group. >> how much are you going to be focussed on citi group and the rest of the bank earnings this week, dory >> start with the banks, first of all, citi bank has the most approved out of the group. they have margin and earnings

pressure, more of a worldwide firm than all of the others as far as influence on their business, so they have the most pressure on performance today. i expect jp morgan and wells fargo to all -- they all have expanding margins or at least have so, the markets going to be looking for several things from the banks. one, how are your revenues two, are your margins stable and improving and three, how is that credit quality if the banks can prove that up, that will flow through for the whole financials and the financials, as you know, are leading indicator for the stock market and recession. >> they are but i hate the term financials i'll tell you why because it's so encompass it's like saying retail. in financials you have sort of the regular banks, right that we put our money in on the corner then you've got goldman sachs and those who make most their money on investment banking and trading. they're very different businesses which one -- >> absolutely. >> which ones are you going to focus on the most to give us a clear indication of the actual

economy? >> the banks, absolutely the banks. then we'll look all the way down to the community banks and the regional banks as well. >> so you have goldman, citi, wells fargo, morgan stanley all out this week. is there one that is more important than the others? >> i think jp morgan and b of a is the most important. they have been the strongest so the market looks at them as leaders. wells fargo had brand anymore issues with all the lawsuits and stuff. citi bank has underperformed jg morgan and b of a have to come out with good numbers or it will be a bad omen. >> citi group has come down big off its highs. are your buyers of any of these stocks, dorry? >> absolutely. i'm buying b of a and jp morgan. i'm waiting on wells fargo and citi group to prove more to me. >> live from dallas. don't think we don't know what

time you got up. we appreciate it, my friend. thank you. >> thank you it's already been a very busy monday and believe it or not we're just getting started on "worldwide exchange." a big shakeup in the ceo sweep unexpectedly quitting this weekend as they prepare for a possible bankruptcy. later on, betting on the banks, like dory just talked about, what do you expect from the banks and financials as they kick off a very important earnings week. we got that breaking $10 billion gold deal. more on that a lot more to do we're just getting started stick around ♪ ♪ put your data to work on the cloud that drives business. the ibm cloud. the cloud for smarter business. in't easy.he ibm cloud. 12 hours? 20 dogs? where's your belly rubs? after a day of chasing dogs you shouldn't have to chase down payments. (vo) send invoices and accept payments

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click or visit a retail store today. ♪ welcome back if you're just joining us, we have a big deal on this merger monday morning now we can say that because newmont mining is buying goldcorp. at $10 billion all stock transaction creating by far and away the largest gold company in the world. goldcorp. stock, by the way, has been absolutely decimated over the last year, down 28%. now, remember, this is a company, canadian company, which has talked about raising reserves from 50 million ounces to 60 million ounces over the next couple years. newmont mining coming in and buying goldcorp. we'll wait and see what they announce with regards to what they'll do with production remember the price of gold has gone from 1,800 an ounce to about 1,200 an ounce nobody out there wants to see more gold on the market.

we'll see if this deal not only creating the world's biggest gold company but does much to try to hamstring production of gold down the road more on this breaking news deal as the morning goes on here on cnbc other corporate news, you have a big move in the c suite pg&e ceo stepping down suddenly. >> pg&e announcing the resignation of geisha williams late yesterday coming as the company faces billions of dollars in potential liabilities relating to the california wild fairs and considering bankruptcy that could come this week. she was the first latina ceo in the fortune 500. she will be replaced by the company's general counsel on an interpret basis. they are in talks of a bankruptcy financing package in the 3 to $5 billion range in november pg&e should they could exceed

their insurance company if its equipment was found to be the cause of it campfire under state law, pg&e must notify 15 days they cut their credit rating further into junk territory. shares are down more than 16% today, almost 18% now. they've lost more than two thirds of their value since november brian, back over to you. >> frank holland thank you very much. up next, the sears-saga. what you need to watch ahead of today's high stakes auction that could very well finally determine the ultimate fate of sears. a big surprise is coming hm that is what the ford ceo telling cnbc today we'll hit the road and take you live to the detroit international tohoau sw when "worldwide exchange" returns ♪

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or if anyone in your house needs or recently had a vaccine. alert your doctor of new or worsening problems, including headaches, seizures, confusion and vision problems. these may be signs of a rare, potentially fatal brain condition. some serious allergic reactions and lung inflammation can occur. talk to your doctor today, and learn how janssen can help you explore cost support options. remission can start with stelara®. welcome back recap the big breaking news that just crossed to create the biggest gold producer in the world. newmont mining of denver buying canada's goldcorp for about 10 billion in stock it is based on a 17% premium to the 20-day moving average in goldcorp stock here is the point, golds there corp. stock has gone from 30 to 10.5 bucks over the last couple years. newmont mining seeing the opportunity to pick up an asset and gold reserves on the cheap from a geographic standpoint,

there is almost no overlap in the gold mines goldcorp has four gold mines in canada, one in argentina, one in mexico newmont, three in africa, three in australia, three in the united states and one each in peru and sir nom no overlap there the ceo of newmont mining will become the ceo of the combined company. switching gears to retail news the sears-sags may finally come to a head today. the iconic american brand holding a bankruptcy auction for its assets now, it doesn't mean that all is lost there's a chance could quote rescue the company but, jan, what do you expect to happen to sears and its kmart stores >> well, brian, can you say equitable subordination. >> that's a legal term for the end. >> it's a legal term for saying

eddy has an unfair advantage that's what they'll be arguing today. i don't know which way it will go, and nobody does. you and i both know we started this with 3,000 plus stores. at the end here, no matter whether eddy wins or doesn't win, there won't be many stores left over time, there probably won't be any stores left no matter who wins today. >> you think this is the end of sears and kmart as we know it, it seems like it's been the end for the whole time, hasn't it? it's been the slowest car wreck in history >> so what's going to happen, jan? listen, i understand we've seen big retailers that had big names like montgomery ward and others go away. but sears is the first real retailer, the first cataloger, 100-plus-year-old company, still employees thousands of people across the country, doesn't this feel a little different than just some middle class retailer that goes away like ward's and

others >> yes, it duds. i had a drink to sears just last night. i'm feeling bad about it but sears has been going away for most of my career, right so, it's been this kind of gradual thing. it's just deteriorated into not being important anymore. i don't know if the name will actually go away, but sears is gone and that's not going to change the landlords have gotten used it and figured out how to redo the boxes. they hope there is a liquidation because they would like to get the boxes back and get some productive space. >> we awe headlines over the weekend how amazon may put whole foods into sears or use them as distribution centers do you believe there's a chance? because what you don't want is for a sears, three retailers in a b class mall to go away. now you have a c class mall that nobody goes to because one third of it is empty do you think there's a future

for those empty boxes that are likely coming? >> well, that mall you just described there's no future for any way. but the malls that do have a future have already figured out what they're going to do with that space they've been working on it for years now literally. i talked to a bunch of developer. they want these boxes back sooner rather than later to figure out what we're going to do next. yes, i don't think any of them are rooting today to have a sears store stay in their space. it's reached the point that they're like, okay, we have to figure this out. let's get reconfigured let's figure out how to make that space more presentable and make it exciting let's get something in here that works and they're ready to go forward. jan, it's been a busy day with a lot of breaking news. jcpenney 11 dollar stocks years ago. i'm not trying to ask you to dance on the retail grave with sears news as well what's the future of jcpenney. >> 2023 it will be gone. question is it gone before that? >> four years. >> or does it make it that long.

>> they have the cash or the credit facility to last four years in your mind >> yeah. i think they have the money to get out to 2023. if they really do something brilliant and it all works, i don't see that happening, so i think jcpenney is like sears its relevance will decline until it basically fades away. but we got a long time to figure that out. >> big name. everybody in america that's alive today, remembers sears it could live on jan, thank you very much. still ahead, a whole world of worry out there happy monday morning, by the way. brexit, china, the shutdown showdown all weighing maybe on the markets and your money more on how to navigate these risks straight ahead. plus, instagram hasa new most-liked photo it is not one of the jenners or kardashians. instead, it's a breakfast trt.ea huh. we'll tell you what it is coming up . your joints...

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we have breaking deal news newmont mining buying goldcorp for $10 billion to create the world's largest gold producer. we love gold earnings to the rescue. we are a few hours away from citi group reporting its results. we have all the other big financials out this week. ford ceo telling cnbc a big surprise is coming next year what could it be we'll take you live to the detroit auto show as "worldwide

exchange" fires up the second half of the program right now. ♪ so keep on rocking me, baby y. probably should have gotten gold on the ceiling or some car theme. either way, little steve miller. good monday morning, welcome back thank you for being with us here on cnbc, i'm brian sullivan. we often start mondays, it's a very busy monday today is a very busy monday. we kick things off with breaking deal news. moments ago newmont mining saying it is buying goldcorp for 10 billion in stock, the biggest gold company in the world by far and away gold prices have come from 1,800 down to below $1,200 per ounce, controlling production is going to be the watch world. we had a deal last year in gold. nothing of this size newmont ceo will become the company so u.s. company newmont buying a canadian company goldcorp and rolling it into the denver-based newmont coldcorp. stock up 12%

it's a 17% premium to the 20-day moving average on goldcorp stock. the stock right now in the premarket not reacting fully maybe there's anti-trust concerns, maybe the market thinking the deal won't go through. either way, goldcorp stock has been gone from 30 to under 11 over the last five years more on that coming up mean time, here is how your macro money and markets look right now halfwayly the the 5:00 a.m. hour. stock futures indicating what could be a relatively sizable drop at th exploring possible military actions with iran over the weekend. dow futures down 242 points right now. s&p and nasdaq futures indicating a similar drop on this monday. now, there is a lot going on this week. this morning, too, that could turn this around here is your wall and week ahead. today, the shutdown entering its 24th day you have the detroit auto show sort of officially kicking off and those citi group earnings due out in 90 minutes.

tomorrow, you have the numbers out of big bank jp morgan chase and that major vote in the uk vis-a-vis brexit on wednesday, the numbers out of two other major and important companies gold map sacks and bank of america. now on thursday, you have netflix earnings out after the bell and opec's big monthly market report the price of oil has come back this year. in fact, the best start to a year ever for oil up 14% heading into today so actually we'll watch that opec number and on friday, you've got u.s. consumer sentiment, an important number because we'll see if really people feel there is an economic slow down. let's tie this all together and bring in patrick pal fri, vp of equity strategy. we are prone to big statements here in the media. every quarter we like to say it's the most important earnings season in years. now, they all can't be but given what happened with the market in december, given what happened with sentiment, given concerns about the fed and the

economy, i do wonder if this earnings season, if not the most important, takes ona little more weight because of all the sudden worries about the economy. what are you watching most closely? >> well, brooip, first off, i agree with you i think typically it's usually just steady as she goes. this time they're trying to understand what is the deceleration, how strong are we slowing? last year was anaberration, 26 is not something that's sustainable. so we know the trend is slowing the question is how much >> so what would be -- i hate to use the term good slowdown but i think you know what i mean if we go from 26% earnings growth to 16%, well, hey guess what, 16% is still pretty good. >> 16% is excellent. i think people are saying 26 to 16 to what and previously that what was is it recession nar or are profits going to be negative

i think as we look forward we still expect profits to be in the mid to high single digits in 2019 that is quite strong, particularly in the fact that we are late in the cycle. revenues are very steady margins continuing to compress, but they're not flat yet so we're still getting margins that create. >> if we go from mid to high single digits growth, go from 26% to call it 7 to 9%, that's a fair range, right? >> sure. >> high single digits. does that justify the drop we saw in december for the equity market >> in my opinion no. when you look -- >> we have the subsequent rebound. you've been right this year. >> well, when you look at the drop, you troughed at around a multiple of 14 the market was pricing in almost 20% decline in earnings, if you didn't think the multiple was going to change. people thought it was going to be catastrophic. right now what we're seeing is it's not as bad as we thought. in that environment, multiples tend to go higher.

volatility is likely to come in in the coming weeks as we get more focus on corporate guidance and less on macro headlines which tend to be negative. >> would 26% to 7% be, quote, catastrophic for earnings? >> but the -- >> talking still growth. >> it's still growth you're still growing the 26% part of that came from taxes. part of that came from government stimulus. >> it was an adrenaline shot. >> sure. that's a great way of putting it it was unsustainable that's what you get when you come out of a recession, not lag late in the cycle. >> 5:36 for our u.s. viewers you get all these numbers thrown at us all day long, this, that earnings growth, whatever. what do we actually need to focus on there will be a lot of, quote, noise out there. what's key this week and the next couple weeks? >> this week we get bank earnings, which week which is really the main focus. likely what we're going to see is loan growth remains teped

how do those two strong balance against each other. >> optimistically do you believe the u.s. stock market will end this year -- i know it's only january, whatever, 15th. will it end the year higher than right now? >> i'll be back this time next year to tell you it did. >> it will. >> sure. >> patrick, we appreciate it some optimism on a very busy monday morning, patrick. thank you very much. what else are you going to be talking about today time for this morning's top trending stories mr. frank holland, both of our teams, my friend, lost this weekend. >> rough weekend. >> at least the eagles put up a fight. the chargers not so much what's trending? >> i like that patrick re-invited himself back. in a year. we have him booked. >> don't worry about that. >> that's optimism. >> trending. gas prices dropping since the holidays,some people are still not happy. a california man got upset for having to prepay for his gas and the security footage you're about to see right here the man can be seen after splashing gasoline on the floor of the gas

station and then threatening to burn that thing down he fled to a nearby convenience store leading to a six-hour standoff with police this is actually the funny part, the man then asked police for a cigarette. yep. a cigarette. but they refused because he was covered in gas so here is the compromise. authorities manage toddy fuse the situation sending in a robot with a vape pen. once he had the vape pen this guy surrendered and arrested without any incident first time a vape pen has been used ever. >> i hope he gets the help he needs. mad about prepaying for gas been around since 1982 w at least. >> they have other issues. >> good luck to him. >> one of the biggest issues in my life, a big instagram record has been poached from kylie jenner i'm sorry, honey photo of an egg is the most liked instagram photo ever posted by an account called

world record egg it already has 24 million likes topping the previous record holder kylie jenner picture of her and her daughter had 18 million likes. >> how many of those likes are real like that egg, is that a real egg? >> a lot of bots on social media. i don't know i thought they got rid of the bots, though the bots are back. >> probably mostly bots. >> bots are back, 2019. >> i don't think they ever went away is that egg real though? >> i don't know. >> next post will be the omelet. >> see how many likes that gets. >> are you game of thrones man >> it's been gone so long i'm not sure i understand the story line this guy wants to kill this guy. >> don't ruin the plot for everybody. people haven't seen it they're waiting to binge it. >> winter is coming. it's coming this spring which is weird. hbo announcing a premiere date for the eighth and final season of "game of thrones. hbo released this new teaser for the upcoming season and it's got a lot of people buzzing,

including me i watched it three times this morning. i can't wait the last season was too rushed they rushed everything so honestly they should extend it one more season and slow it down. >> the budget is too high. all these people become star they have movie projects and all this other stuff. >> this will be the thing they're most known for their whole career they rush off shows to do movies that you don't care about. this is a prestige project, whatever you want to call it an amazing show. keep it going. >> i'm rooting for the white walkers. zombies never win. >> there's a reason for that. >> they never win. frank holland, thank you. now let's talk about what we joked about bad week in the nfl. at least for frank and i in the early game the new england patriots hosted the l.a. chargers this is hard for me to read the patriots took control early and never looked back. the final score is 41-28 it wasn't that close i'm a lifelong chargers fan, the game stunk the news is that tom brady's jacket on the sidelines is now 16 feet wide

the patriots going to face the chiefs next week things were a lot closer last night in new orleans the philadelphia eagles went up 14-0 they were within striking distance again unfortunately the ball wently the jeffrey's hands. jeffries still never would have won the super bowl without jeffrey last year. so if you're going to be tough on him as an eagles fan, don't he's still a legend in philadelphia eagles go out 20-14. rams at the saints next week. up next, ford's big surprise the auto maker making big headlines at this year's detroit auto show. we'll tell you what they said and take you there live. more on the big deal news ngst crossing, newmont mining buyi goldcorp for $10 billion. stick around ♪

♪ welcome back and good monday morning. 5:45 here. roughry here on the east coast if you're just waking up, just joining us, we've got a deal to create the world's biggest gold mining company newmont mining of colorado buying golds there corp. for $10 billion in an all-stock deal by far and away builds the biggest gold miner and gold reserve holder in the world. 17% premium to gold corp.'s 20 day moving average goldcorp up 12.4% right now. so not buying into the whole 17% upside but this is stock, folks that has gone from 30 to 10 in a couple of years as the price of gold has come down

newmont mining down about 5% as the buyer. newmont mining will run the show literal literally. gary goldberg will become the ceo of the combined company. meantime, ford's ceo telling investors to be, quote, patient as the company launches a big turn around plan we caught up with the ceo at the detroit north american international auto show and joins us more with this and some kind of a surprise they have fo us, phil. >> most of the surprises, brian, ford or the other auto makers most center around trucks and suvs no surprise reflecting the market you're seeing a lot of what you see over my shoulder here, a lot of trucks, a lot of suvs and we're going to see that here over the next couple days. yesterday we had a chance to sit down with jim hackette, ceo of ford we'll talk about the u.s. the next day and a half. but we wanted to talk to him about what's happening in china because it's so critical not

only to ford's business but the auto industry overall. here is his take on where the china market is right now. >> well, china's optimism is still high with us we had a false step this year that we blame ourselves. we take full accountability, but what we found as we started to see that is the market wasn't as strong for everybody so, i'm not willing to give our team a little bit of a break and say some of this wasn't all your doing. but we've already taken steps to fix much of what wasn't working there. but with regard to ford, it's the opposite of maybe what you read is the brand is one of the highest-ranking brands in the country. people want attainment in owning a ford branded product so it's actually a huge advantage for the company. even at the highest levels of the company they see it as a family-owned business that middle america loves and the chinese want to relate to american businesses like that so, everyone is very inviting.

we just got to get the design of the business right i think you're going to be really pleased with what we have coming there. >> last question and then we'll talk about the embargoed news. what do you say to investors who look at shares of ford and they say it's down under $9 and i know they have optimism that the restructuring is taking hold, but i don't know if i have the faith to wait until when it finally pays off what do you say to those investors? >> they needed to be a little patient with some of long live problems that hadn't been addressed that i'm going to represent in less than 19 months i've addressed every one of them, actually have plans on every one of them that somehav taken four decades to come together the other part of it is if they look at the components of the business and where we lead, we have an extraordinary franchise in the f-150 that's in the face of other competitor's new products it gained share yet this year. it's price realization was again

higher we have some products that are extraordinary. our commercial products in europe are really successful and you know that mustang has been lauded forever and is getting even higher praise now all those we're now building around in terms of the optimism. i say to the investors it all sits there it's going to be a more fit company when we come through this it's moving faster it's leading with understanding what users want and it's the first to actually embrace the way technology is going to come together and change the way this whole system works together. they'll be the first company -- >> ford ceo jim hackett asking for investors to remain patient. they have to considering this is a stock that's still stuck under $9 a share little later on this morning we'll talk about the new models that ford is rolling of the. interesting day here at the detroit auto show. guys, this is the last time it's in january they're moving it to the summer

starting next year so, it's a smaller floor the german auto makers said they're not going to be here they're not here and it's an interesting show, but we have some fun things for you throughout the day >> yeah. i can't wait i know electrify indication also has been a big theme not only for ford but for everybody there, phil. with that smaller footprint, the germans not being there, how does that change the overall experience is there maybe more good attention on the u.s. product? >> reporter: you certainly see bigger displays by the domestic auto makers. you see a lot more trucks and suvs i know we've been hounding this for some time that the car market is shrinking in the united states. the domestics are looking at this and saying where is the demand where is the profitability greatest and it's with trucks, suvs, crossovers and so when you look around the floor you see a lot more of those than you would have in the past and without the german auto makers, the major german auto

makers here, there's more space to spread out. so you get to see a few more of the bigger vehicles as they would say. >> yeah. big day there in detroit hey, listen, detroit is a great city detroit in june is probably better than detroit in january i'm sup pining there >> yes, yes. >> see you all day thanks very much. up next on this very busy monday, more on the $10 billion gold deal that crossed the full details ahead. plus, bank earnings are on deck citi group to report over an hour what you need to much. plus your monday rbi i want you to picture a bunch of 18-year-olds in america going 'ssane one day a year. it not happening but it's happening in japan we'll explain. your rbi stick around.

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♪ late last year you had barrett gold buying rand gold. now knewmont mining buying goldcorp in a $10 billion deal

the barrett deal 6.5 billion the combined companies will have about the same market cap from a reserves and production perspective. we might have a new title for the biggest gold company in the world. newmont buying goldcorp for 10 billion and 17% premium to gg stock. by the way the gold miner etf which you might own more than the individual stocks the gdx is higher, newmont the second biggest holding in that etf. goldcorp, the seventh largest waiting. earnings season kicking off in a big way in just over an hour citi group expected to report around 7:00 a.m. eastern time. last quarter numbers were defined by two things, the market side, securities and investment banking down 5 and 16% respectively, boring old loan growth and deposits were up do you expect to see the same trend when their hours cross in an hour? >> there may be happy surprises on the trading side.

last quarter was volatility, very good for desks. not so good for clients. most fixed increase desks big increase in flow before year end because people with collateral were looking for liquidity and that continues, by the way. >> you think trading revenue could get better because of what we saw particularly in december. >> that's right. the traders like volatility they like volume. we had both. so, maybe we see goldman, citi, morgan stanley, the trading houses benefit. >> do you expect to see the growth continue? >> for citi largely consumer, yes. >> i said it earlier in the show the banks. the banks are very different goldman sacks is a more trading and investment bank. >> the only comp for citi in the large banks is capital one think about that it's primarily a domestic consumer lender. >> so will citi group give us

more of an indication as to the economy and consumer than the other names? >> it's just a different mix wells fargo, bank of america, big community banks on steroids. jp morgan, a little of everything. >> we have basically all the banks out this week, right goldman sachs, jp morgan, you name it it's out. >> uh-huh. >> is there one that will be more of a tell than others, more important than the others? >> we're looking at goldman. last week was hinted on cnbc, there's no easy money out there in investment banking. goldman is behind j.p. they're behind some other larger banks. they're getting hammered the fact that they had to reach for something like one mdb and get into that kind of mess. >> by the way, quickly malaysian official said over the weekend he thinks goldman should pay 7.5 billion. >> they want total proceeds plus fees. >> do you think that's possible? the market is discounting 1 to 2

billion if they pay anything. >> that's right. you have a sovereign entity hammering on your bank you have to settle i worry about dave sulman. he hasn't had a chance to run that bank. he may have to fall on his sword. >> you think so? >> he was the head of the investment bank. this guy was one of his direct reports. i love this guy. he's a very smart guy. >> thanks. go do your job thank you. time for your monday rbi today was a holiday in japan, national coming of age day a day that celebrates everybody who turns 20 between april 2nd of this year and april 1st of next year. a celebration since 714 a-d. more 20 years stopped feeling like adults. three years the national grown up age in japan drops from 18 to 20 can you imagine there was a national day off to party and celebrate every 17-year-old who is turning 18-year-old in the next calendar year

i want you to picture that have a great monday. lots of news out there dow futures down over 200. big gold deal. "squawk box" picking up coverage next have a great day the latest innovation from xfinity

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good morning breaking deal news newmont mining is going to buy goldcorp to create the biggest gold producer in the world, $10 billion deal. stock futures are under pressure as the government shutdown hits day 24 and earning season is kicking off. china also reporting some shocking trade numbers that's got the futures as we say sharply lower. we'll get you ready for the trading day which could be busy. and ford ceo telling cnbc a big surprise is coming next year we'll take you live to the detroit auto show. it's monday, january 14th, 2019, "worldwide exchange" begins right now.

♪ motoring >> announcer: live from new york, where business never sleeps, this is "squawk box. good morning, everybody. welcome to "squawk box on cnbc we're live in times square let's take a look at the u.s. equity futures at this hour. they're under pressure dow futures indicated off by about 238 points this is coming as we've seen some weak economic numbers coming out of china. s&p futures are down by about 26 and the nasdaq off by 80 points. of course last week was a strong one for the markets. dow was up by 2.4% the nasdaq was up by 3 1/2%. again, all those questions about what's happening with the global economy picking up once again as we got weaker than expected china trade data. overnight in asia, japan's nikkei was close