azplienchtsz your top five at 5:00 apple the stock to watch today china a proob, yes shares are rise. we're going to tell you why. speaking of china, trade is front and center high level trade talks between america and china kick off today in washington. you are also just hours away from the fed's first rate decision of the year what you can expect on that guy, jerome powell and company. breaking his silence, jailed auto executive carlos ghosn saying his rivals are out to get him. it's his first interview since his november arrest. wow, dangerously cold. insane temperatures across the midwest. disrupting everything from air travel to mail delivery.

putting lives at risk. it is wednesday, january 30th, and worldwide exchange begins right now. ♪ i look rock 'n' roll ♪ i love rock 'n' roll >> get you going here on this frosty day we can't explain on the east coast. it is cold, but out of the midwest, guys, we are thinking about you. we know how bad it is. we'll get more on that in a bit. good morning, good afternoon, good evening from wherever in the world you may be watching. i'm brian sullivan you are looking live at chicago. why are we showing you chicago number one, it's a great city. number two, the current temperature is negative 12 degrees. that's the actual temperature. not even including the windshield now, those temperatures going down to negative 21 today. wind chill factors in parts of minneapolis right now approaching negative 50. negative 50. it's colder in minneapolis than

it is in many parts of siberia or even antarctica we're going to have much more on the record cold coming up. first, more on the marks they're a little warmer. we are seeing green on the screen today stock futures indicating that the dow is going to open up about 84 points right now. s&p and nasdaq futures are also higher right now well, the dow in your money in the markets could certainly help today by apple apple's numbers want as bad as some fear. the first quarter profit and revenue was largely in line with forecasts that, of course, this comes after it slashed its sales outlook earlier this this month. iphone revenue did drop 15%. the rest of apple's businesses, the watches, the macs, ipad says, the services rose 19%. that iphone drop was largely due to china apple expects the slide in sales to continue in the short-term. ceo tim cook remains confident that the future is still bright for the iphone let's talk more more about the quarter and what is ahead for apple with david garritiy.

chief market strategist. we appreciate you joining us what stuck out to you about apple's quarter and apple's guidance >> well, what stuck out to me was certainly the weakness that we were seeing in china, which, you know, clearly had been indicated previously when they dropped the earnings guidance. we've seen it looking at other companies as well. the thing is, i mean, china down 27% year-over-year iphone revenues down 15% year-over-year you're still talking about 62% of the company's total revenues. the other 38% may be up nicely, but it's captain smith and the titanic saying the bow is down, but, look are the stern is in the air. >> is it that bad, david >> look at it this way a management tried to balance out the release by saying services revenue up 19% year-over-year 13% of the total $11 billion number by the time we get to 2020, our

total subscriptions are going to grow from being essentially about $300 million where they are now up to $500 million, and that would imply a 38% revenue acceleration the bottom line is this. if you don't have an iphone, you are not going to buy the services from that standpoint, arguably if apple wants to achieve this kind of acceleration on the services side, they have to have a price competitive product. china's iphone shipments have been down three in a row we're looking elsewhere in the world. the company with its products, i mean, certainly apple has always auk sed about i having premium priced products. the bottom line is that their price point is out of line with where the market is. from that standpoint, you know, apple goes through their annual product it ragss they're going to have to push this iphone x forward until we get the new product coming out in september you know, obviously it's eight

months between now and then. you know, you are going to have to do a lot probably in terms of price cutting to move units. apple arguably for 201 has to go through a year of transition some people would say, looking at other industrial sectors, that a company in this position would have to do some sort of restructuring. you know, apple essentialhas the wherewithal to do that they have 130 billion dollars in cash clearly, investors have been looking for that to be returned to them. the bottom line is you need to have a competitive business. >> hey, david wrrks quickly on the phone side if i go to a store here in the united states, the other phones, unless you get some real cheapo thing, is the same price samsung, their main competitor their phones are about the same price. maybe less, but not markedly so. what is the other option they are fighting against in china that's so cheap? >> well, certainly we've looked at huawei and other companies that mapt be as familiar to consumers in the western world

there's a company that people's brand -- the brand has become more familiar to people. the bottom line is that, yes, apple has provided sort of a price umbrella under which other companies could, you know, certainly thrive even if we look at sort of apple providing a price umbrella we're still looking overall globally at a smartphone market that has reached points of saturation and where essentially, you know, growth in sales is dependent upon people trading their phones sooner, not longer, and it's because of this extended trade in cycle, if you will, for consumers that phones have become more expensive. it certainly has slowed things down not just for apple, but yol for other vendors. samsung and others >> obviously, theb, you're not recommending new buys to the stock. >> i would say that, yes, the stock was up 5% after hours.

there need to be further adjustments made it's not back to the races for apple. it's just people can sort of sit back, breathe a sigh of relief, but the company obviously has some blocking and tookling ahead of it. >> david garritiy, laidlaw, thank you very much. >> thank you apple not your only big stock story today. amg, ebay, and amgen shares are higher even as a chip maker reported fourth quarter earnings that were in line with forecasts. revenue did miss some estimates. amd expects slower revenue growth this year as it works through excess inventories, left over for the block chain boom. another case of bad -- not as bad as some people thought by the way, amd ceo lisa sue will be on squawk on the street for an exclusive interview 9:00 a.m. eastern time. ebay reporting better than expected fourth quarter numbers. ebay will also begin paying a dividend for the first time ever that announcement comes as a pair of activist investors are calling for e by the way to sell some units and overhaul others finally, amgen's fourth quarter

profit topping foeshs. sales rose and tax-related costs fell stocks down 2%, though, because the company says the competition for older drugs such as its big selling arthritis treatment enbrel is growing, and it forecasts full year earnings below some analyst estimates it is another huge day for your money ahead we're going to get results from facebook, tesla, mcdonnell's, and more plus, high level trade talks between america and china will kick off in washington today on the data front you get pending home sales at 10:00 a.m., and if all that was not enough, you guys are greedy. we're going to get a fed decision at 2:00 eastern time and a news conference from federal reserve chair jay powell when we say busy day, we mean it let's talk more about today's fed decision, joining us now on set is george russ, head of global fixed income strategy what happened to a 3.5% to 4%

ten-year yield by 2019 it's 2019, and we're at 2.75 what's going on? >> i think right now we think right now that the market itself has slowed down. you see the data slow down as far as gdp expectations, as far as inflation expectations and as far as future fed rate hikes that gets factored in as well, and the fed controls obviously the short part of the curve, but they don't control the intermediate and long part of the curve. what you've seen is the market digest some of the data and react in lower rates >> you are right, actually it's two things. right? it's action. what are they going to do, and guidance, right? from an action perspective, we don't expect much new there. we don't expect them to raise rates. nor lower rates. we don't expect them to move on quantitative tightening, which is the release of their balance sheets we do expect a lot of guidance

out of this. that's one of the areas that the fed has struggled recently is just kind of walking the markets through the idea of when is the right time to pause? we think that now they're approaching that time. we thought they might have approached that time sort of in december at their last meeting, but we think this time is now going to be the case they'll obviously pause today. likely set the stages for pausing even more importantly in march at the upcoming meeting. >> do all of our great viewers out there, and their investment portfolios and their 401ks and 529s, do they care more about interest rates, whether we get a quarter point here or there, or do they care more about the federal reserve reducing its balance sheet what they call the quantitative tightening? >> they should care more did the kwaupt tooiv tightening is baked in the autopilot word was used last time that the fed spoke. the relate is they need to get

the balance sheet down it's there in their back pocket if they need t, but the realit is they're going to wind that down it's around $4 trillion right now. they're trying to get down to $3.5 trillion. the reality is what's more impactful to investors right now to people that are buying houses from a mortgage rate perspective. we think there that the fed, like i said, will pause in march, but likely raise rates one or two times this year >> can we make money in the bond market if so, where >> in the bond market right now, you want to play alt about the more defense if you are going to play defensive now with the opportunity to get more aggressive towards the end of the year we're getting towards the end of the interest rate rising cycle playing defensive now, don't take as much interest rate risk, as much credit risk. stay on the short part of the yield curve, right >> shorter dated bonds >> shorter dated bonds where. >> two years >> two to four years >> t-bills >> you don't have to go into cash necessarily sort of enhanced cash. the two to four year area. you can get more yield, and you don't take the risk that you are going to get further out in the yield curve. that's the place you want to be

right now. you have such a flat yield curve, and you don't want to take too much credit risk right now. a lot of volatility in the market as you get towards the end of the cycle be prepared as the year progresses towards the end of the year, you're probably going to have to walk tout the intermediate longer part of the yield curve. >> george, appreciate it enjoy the fine day out there george, thank you very much. >> at least we're not in chicago. we're going to have full team coverage the federal reserve and the news conference right here on cnbc today at a very fine program called "power lunch. zpliencht new this morning, carlos ghosn breaking his silence for the first time since his november arrest. let's get right now to nancy who is live in london with more on what ghosn had to say. nancy. >>. plot and treason is the line coming from carlos ghosn in his interview with the publication in japan he said very clearly that he thinks the events that led to his arrest and his detention in japan were based on opposition from nissan executives to his plans to further integrate the

alliance members that would be nissan with renault and mitsubishi he said he met with nissan ceo about the integration plans back in september he was then arrested over in november he thinks it has a lot to do with that. in fact, all of it, he says, is down to that however, nissan was quite quick to put out a response. they said in the circumstances around his arrest are entirely down to mr. ghosn's actions. they said their own probe, which was brought by a whistle blower, did uncover misconduct and that now it's been taken up by the tokyo prosecutors. he does have a different side of things not only did he express his innocence once again, but on the very details of this case because, sure, we're talking about improper payments as one element. there is also a issue around the properties he had. in rio de janeiro and beirut that the company paid for. he said that was approved by the legal team

some of the industry watchers are saying that they want to see a rebalancing of the structure the ownership structure they say doesn't reflect the financial realities. brian. >> big interview there nancy, thank you very much well, the weather may be cold, but the news is hot. up next, high level trade negotiations between america and china kicking off today. will either side give in first, more on that dangerous cold blanketing the upper midwest. completely, completely frigid. flight cancellations polar vortex producing some of the coldest temps on record. we'll show you how cold it is in places like minneapolis when we come bk.ac your brain is an amazing thing. but as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown

to improve short-term memory. prevagen. healthier brain. better life. so, servicenow put your workflows immhm. cloud, huh? your employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you. ♪ and if you feel, like i feel baby then come on, ♪ ♪ oh come on ♪ let's get it on applebee's. now that's eatin' good in the neighborhood.

snoo the wind chill far below that we have to get a live shot of rush street, though. the bars there, 4:15, just closing. the store by 4:00. if you live in chicago, you know what that means. record cold temperatures hitting a huge part of the nation today. let's get more now on this polar vortex with a guy who used to live in chicago. frank holland. >> i did live in chicago i do know what that means. here's the thing it's expected to be colder in chicago today than in parts of antarctica that's because the poll or vortex is hammering the midwest. just check out some of the temps right now. below 18 in chicago.

27 below in minneapolis. you're seeing it right there negative 29 in bismarck. it's about to get colder as the day goes on. that cold plas is starting to impact business. more than 2,000 flights have been canceled nationwide today that includes more than 850 flights in and out of chicago's o'hare international many airlines are waving day change fees for flights affected by the record cold temps amtrak cancelling service due to the cold temperatures. checking on reaction in the commodity market, just take a look we see flal gas is actually down slightly home heating oil, that changed it ticked up ai minute ago.

up next, a flight to safety. gold is about to do something it hasn't done in three years the countdown is on. hours away for the big fed decision could they shock the market and raise rates again, or will it be a whole lot of doves up there in the fed? dow futures up 80 right now, and we are back in two minutes ♪ hawaii is the first state in the u.s. to have a hundred percent renewable energy goal. if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution that lets us collect near real time data on our power grid. ♪ if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪ do i use a toothpaste that whitens my teeth, or one that's good for my teeth? now i don't have to choose. from crest 3d white, the whitening therapy collection

with new spearmint and peppermint oil. it gently whitens, plus it has a fortifying formula to protect your enamel. crest. healthy, beautiful smiles for life.

>> get you up to speed on your markets futures. a lot warmer than the wr the dow futures up 77 right now. s&p and nasdaq futures are higher as well you know what's been hot >> gold has basically been ignored the past five years. gold on pace for its first four-month win streak. all the way back to 2016 u.s. trade talks kicking off today in d.c there is a lot at stake. both nations coming up against a march 1st deadline for any kind of a trade deal. joining us now is paul markham, global equities portfolio manager at newton investment management paul, when you got into this business, no doubt you never said i can't wait for those trade talks between the u.s. and china.

really being accelerated by differences engender the by the trade tariffs. potentially coming into play it's very true that, you know, in the -- you should really see this as almost a war andbroken into battled, and the battle in the first instance is likely to be won by the u.s. because the trade balance between the two countries is in favor of china they have the most to lose on the foregoing basis, it's certainly the case that markets will become concerned that we have a structural deglobalization as a result of this what we've tried to do is avoid those companies in china which have exposure to the u.s. consumer we've also to some extent brought down some of the -- portfolios >> what happens if nothing happens? what happens if we can't make a deal we go to march 2nd, and there's a 10% to 25% move on $200 brl in

goods coming from chooirn. what if we don't get anything done and tariffs spike? it's already had a much better run in january and that will be viewed more negatively because this will be seen as an accelerator as a potential cyclical down turn in the global economy. i think it's hard to make a positive case. i think if we see some kind of small move forward, i think markets will like that

i don't expect to see any major break through in the near term. the fed's tone this afternoon will be crucial in that. so far it's sort of paid generally to buy the dips. as the long cyclical upturn that we've seen, very slow upwards direction in economies, has happened in 2009 it's generally been the case that markets have recovered from these situations, but that's been quite a long bull run for the economy and for the markets. it may be the markets need a bit more convincing than small steps forward. i think if we see nothing and we see some kind of a setback, it

could be a pullback of the equivalent nature of that which we saw in the fourth quarter 2018,ty think. >> paul markham, we appreciate it thanks very much have a great day >> still ahead, facebook under fire again you will not believe what they are reportedly paying teenagers to do. you got to hear that story speaking in and out, that is what former nissan exec carlos ghson is doing since his arrest. a lot more to do dow futures up 80. back after this. unpredictable 's symptoms following you? for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission, with dosing every 8 weeks. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tb. tell your doctor if you have an infection or flu-like symptoms or sores, have had cancer, or develop new skin growths, 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®. explore cost support options. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on foods, the first time. wow, that's clean! cascade platinum.

zbliefrmt record cold temperatures we'll have more on the dangerous winter blast the countdown is on. we're just over eight hours away from the fed's first rate decision of the new year what you can expect. all that and more as worldwide exchange rolls on right now. >> welcome back, and good morning. thanks for being with us here on cnbc i'm brian sullivan let's kick off the second half of the hour with all the news you need to know in about 60 seconds. it's kpur executive recap, and frank has that >> here's what's leading cnbc.com right now appear the everile reporting

first quarter profit and that was largely in line with forecasts after slashing its sales outlook earlier this month. iphone revenue fell by 15%, but the rest of its business, wauchlz, macks, ipads, and services rose by 19% afternoonle examines the slide in sales to continue at least in the short-term we're seeing positive spots response to that earnings. shares up more than 5.5% new overnight former nissan chairman carlos ghosn going on the record ghosn telling the nikkei asian review that he in no doubt that the charges against him were the result of plot and treason this is the first time ghosn has spoken publicly since his arrest in november. we are continuing to follow the latest out of venezuela. that nation's president nicolas moduro reportedly says he is ready for talks with the opposition a russian news agency says the venezuelan leader is open to the possibility of third party countries mediating. we will continue to monitor any developments out of venezuela. we'll bring you the very latest as we learn more brian, back to you >> looks like the oil sanctions and the blockade of that sit go

money snienchts francis riviera in line with those >> hi, good morning to you man, it is frigid out there. from the midwest to the deep south. millions are feeling the impact of this poll or vortex farlgo, north dakota reported a temperature of negative 20 at midday yesterday.

in brooklyn the prosecution will begin closing arguments today in the trial of drug king pin el chapo his defense team called on one single witness to the stand. that was an fbi agent. his testimony lasted just 30 minutes. meanwhile, the prosecution presented 56 witnesses they testified on everything from his daring prison escape to an alleged $100 million pay-off. deliberations are expected to start on friday. those are your headlines, brooirn. we send it back to you >> all right francis riviera. thank you very much. well, let's get a check on your markets now apple is certainly going to help your markets at least at the open dow futures up by 77. apple stock up 5%. a tough quarter. maybe not as tough as some that feared that is helping dow futures. the asian market slid a bit overnight. china down fp three-fourths of 1% i don't know how to say mixed bag in german. that's what you have overseas.

germany down the u.k. and france are hire what happened with stocks at the open, everything could change at 2:00 eastern time today. that is when we get the decision from the federal reserve followed by the2:30 p.m. eastern time press conference. let's find out why you need to watch closely. bruce, chief economist at jp morgan chase bruce, good morning. how much do you expect the fed statement to change if at all from this meeting to the previous meeting >> i think it will change very little i think the fed will recognize more uncertainty it will perhaps mention the particular uncertainties around the shutdown and how it affect the economy. it will continue to emphasize a positive outlook, and it will continue to emphasize flexibility. perhaps most importantly in the sense that they're patient now waiting through the uncertainties, and they will respond to it as they see the incoming news and what happens in financial markets >> yeah. then the press conference, i mean, really it's not going to be the statement it's going to be the -- i'm not

taking anything away from the statement, but the 2:30 press conference is where the news is made also, the follow-up questions. if you could get one direct question in to jay powell, what would you ask him? >> well, i don't think he would answer it directly, but the question i would ask him is where does the fed see the balance sheet coming to a rest i think that's an important issue. it's something they're debating right now. it's something we'll probably hear more about down the road. i don't think it's likely they'll have made a decision at this point and give us anything today on that. >> what would you like them to say? what would be the best outcome for the markets? >> well, i think they are going to say mostly what the markets expect, which is that the fed is on hold. it's not thinking about doing anything on policy in the near-term as it looks through the news i think the thing the market would like the fed to say, which i don't -- i personally wouldn't expect them to say, don't think they should say, is that they're going to stop the balance sheet.

i don't think it's had as big an impact on financial conditions as many people seem to think >> yeah. then we go forward, obviously, on friday. we've got the payroll numbers. we've got a bunch of inflation data normally, some of the numbers, ism manufacturing here on cnbc, we kind of breezed over because it didn't matter it feels like everything kind of matters right now. what are you most closely watching >> well, we do think the u.s. is feeling the weakness abroad, and it is hitting our manufacturing sector we would look for business surveys to continueto show that what we're expecting, though, is we're still pretty solid broad-businessed performance, and the lack of some of the data we should be getting, but can't because of the shutdown. the payroll report is, of course, the most important in that regard. we're looking for 170,000 gain in jobs in the month of january.

>> i think this is true in some areas. in the all critical employment report, which really tells about the breadth of the economy, i don't think the market is going to be insensitive to big surprises there. there is uncertainty around how the shutdown may affect it, but to me the key here is that the broader message from the employment report is solid growth, and if we got a big surprise either in the form of strength or weakness around that, i think the market will be quite sensitive. >> i know there's been a lot of data out there that has gotten -- we're all sort of the fear mongers that have come up

like groundhogs or prairie dogs popping their heads up the one thing i like to look at is credit demand and credit flow as you have pointed out as well, banks continue to lend money businesses and people do not borrow money unless they are somehow optimistic about the future in most cases does bank credit flow give you a little bit of optimism about the near-term trajectory of this market and the economy >> definitely. i think we should not ignore the softening that we're seeing. it's more severe outside the u.s.

>> we're seeing good numbers in some of the situation. do you think sort of the fear mongering around the economy has been overdone just a bit there's slowdowns, yes, but coming off the kind of pace we saw, wouldn't that be normal >> yes of course. we had big support from fiscal stimulus i do think there are real concerns about the softening we've seen in europe and in china. i do think we're going to make our way through this i think the point you're making is right while oil has come down, that says a lot to do with oil dynamics other commodities, metals, and lumber, they've stabilized and in some cases moved up in recent weeks. that sends an encouraging message that this weakness isn't feeding on itself. i don't want to, though, ignore the fact that we are slowing, and we're probably going to

continue to slow into have the spring i don't think it's going to roll on itself and cause a major economic downturn. >> copper actually up 1% not a lot, and it's gone down over the last 12 months, but copper doesn't -- doesn't seem to be predicting a collapse. bruce, we appreciate your views. get ready for that fed meeting see you later. >> of course, we're going to have full team coverage of the fed decision and the new conference today right here on cnbc 2:00 eastern. the decision 2:30 is the powell press conference got to tune in up neck, facebook under fire why they're reportedly paying teenagers to let them spy on their phones, and i mean have access to everything more on the terrible polar vortex slamming the midwest. record cold temperatures sweeping across america. it's so cold that some states won't even get their mail today. we're back aerhift ts.

that's rock city that's detroit right now i wonder where that camera is where, in lake st. claire or something on a lighthouse. who knows? either way, you know where that is, traing frank >> in canada >> we're looking across. >> the camera is in windsor. >> the canada -- very nice >> you see that building on the right? >> i thought it was on the ambassador bridge or something >> no, this is right across the -- it's at a casino. i used to live right across the street from there too. >> where is the rencen >> the being on the right. >> are you sure?

>> that's what it looks like from here. >> it looks smaller. maybe it shrunk. who knows in sure that's the ren center >> it looks like it's on top >> we're looking at a panel -- like across the room there's right brights in our eyes my eye liner is dripping into my eyeballs those record cold temperatures have everybody talking this morning. frank holland, i'm here. i mean, listen, detroit, rock city, it's on its way up they're doing great stuff. chicago, i love those folks. today's frigid temperatures, well, is dwegt in the way. the usps will not be dlig in parts of iowa, men minimum, nor minnesota, north and south dakota some retail locations will remain open, but mail carriers will not be dispatched on their rounds for their own safety. no word yet on when regular mail

delivery will resume in that region yeah, definitely dangerous interestingly enough, they do deliver mail in alaska no matter how cold it gets >> this is like their spring they're used to it >> they're definitely used to it >> hardy folks >> have you to plug your car up at night >> very quick, i was in north dakota it was negative 30 i was on tv. going up on the shale. it was negative 30 degrees we have video of, like, car exhausts crystallizing in the air. i went on for my first time with "squawk box", and i remember joe conce kernan was giving me the business i tried to talk, and my jaw was frozen shut. i was, like, back to you, joe. it was -- he is, like, you been hitting the schnapps i wish i was it would have warmed me up >> samsung has announced it will staurt offering the world's first one terabyte embed the phone microchip for manufacturers. it's the same physical size of 512 gigabytes but nearly twice

the storage. according to samsung, that allows speeds up to 10 times that of a typical microsd card zplierjts facebook will shut down a controversial market research program that may violate apple's policies on data collection tech krurchl is reporting the research app oefrz volunteers between the ages of 13 and 35 a $20 gift card each month in exchange for near total access to all of data on their phones this includes private messages, emails, web searches, and browsing activity. last year facebook removed a very similar service from the app store after apple complained in a statement facebook says know involved signed up and gave their permission also less that be 5% were teens who also had signed parental consent forms. >> why would anybody allow them to do that >> for a $20 gift card >> would you >> i would never done do that. who ps someone watching yurl text messages, all your messages you have to wonder what facebook is doing with all that data, what the purpose is. they have so much data already >> they want to know

>> they want to know everything. >> they want to know frain, thank you still to come, there is an -- news that is set to cross today. wefr you covered don't worry. we're going to take all the stuff and filter out the stuff you really need to pay attention to apple's massive cash pile is now $245 billion the near rbi comes up where, we're going to lay out exactly how much money that really is. trusyus urt rkyo mind is going to go -- beer err we're back after this

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. do i use a toothpaste that whitens my teeth, or one that's good for my teeth? now i don't have to choose. from crest 3d white, the whitening therapy collection with new spearmint and peppermint oil. it gently whitens, plus it has a fortifying formula to protect your enamel. crest. healthy, beautiful smiles for life.

zblierjs another big interview coming up on cnbc. dennis mullenberg sitting down exclusively with our own phil lebeau that's an important stock for the dow as well. you cannot miss that today 110 eastern time on the exchange record cold temperatures hitting a huge part of the nation. today, again, we just kind of walked through it, but we can't make too much of this. this is a dangerous time, frank. do not go outside. that's how dangerous your skin is going to be exposed, and it's in a risky

condition. minutes of exposure. >> this cold is serious business, and it's impacting business it's expected to be colder in chicago today than in parts of antarctica that's because a polar vortex -- like my mouth is frozen -- is hammering the megs check out some of the temps. below 25 in chicago. below 27 in minneapolis. over here below 7 in cleveland st. louis below 5. it's really freezing out there it's about to get colder as the day goes on. temps dropping to negative 25 in chicago. we just mentioned the wind chill is minus 54. 54 below it's actually 54 below now, that cold blast is really starting to impact business, as i said according to flight aware, more than 2,000 flights have been canceled ationwide today that includes more than 850 flights in and out of chicago's o'hare international many airp airlines are waiting day changing fes for travellers. amtrak also shutting down service in and out of chicago due to these cold temps.

checking on the reaction, take a look right here. we're going to show it to you. natural gas, it's down slightly. home heating oil, it's up slightly we were talking about that earlier. a lot of supply out there. the perception may be it's going to be an increasing demand, and cold temperatures continue in the midwest, and, of course, they're moving to the northeast in the next few days, brian. >> at least it appears that's the supplies of nat gas and heating oil. frank holland, thank you very much three more big stocks to watch on this very busy day. lvmh, they are the big win we are in europe. that stock is surging. now, despite apple struggling with iphone sales in china, lvmh, not seeing the same thing. they say sales in china improved in the fourth quarter as did growth at its louis viton brand. a lot of money in china. they're just not buying i phones novartis has reported higher sales last year thanks to its cancer drug. down 1.5%.

shares of align technology the maker of invisalign braces, the first quarter profit outlook -- one of the busiest and probably most important days for your money in a long time. why do we say that well, aside from apple, earnings last night, by the way, apple up 5% right now, here's your worldwide exchange breakdown of a date to remember this morning a few hours, we're going to get earnings from mcdonald's later on this afternoon, earnings from tesla and facebook at 10:00 a.m. this morning we're going to find out how real estate is doing. pending home sales numbers will cross the tape a few hours after that, 2:00 eastern time, yep, it is the fed rate decision. then half hour after that is the news conference. all that, of course, will be on power lunch. if that was not enough, high level trade talks between the u.s. and china also kick off today at washington. there is a lot of hope and

optimism around the way things will work here what about on the china side well, let's find out what they're saying ahead of those talks. eunice from beijing. >> thanks, brooirn well, there's also a lot of optimism over here negotiators are hoping to reach an agreement to avert greater tariffs by the march 1st deadline the chinese delegation led by the vice premier is expected to offer a major increase in purchases of u.s. agriculture and energy products, a crackdown on ip theft, and will also likely play a new draft foreign investment law of i a new law that's expected to be passed in march and that's expected to address some of the key concerns of the u.s on fair trade practices, for example, such as banning forced technology transfers the wording is vague enough that a lot of foreign executives here are still concerned that this might be more of a cosmetic move than actually something that is going to help them in fact, many expect that the chinese negotiators are going to be pushing back really hard on

the u.s. demands for deeper financial changes to the way the economy runs here. the chinese will also likely be less than enthusiastic about the u.s.'s proposed enforcement mechanism, which the u.s. wants to put in place in order to make sure that beijing is held accountable. the talks are also going to include a visit to the white house. the vice premier is expected to meet with president trump on thursday, and that's going to be an important meeting, brian, because we're really going to see the vice premier sending a message directly from president xi to president trump which could potentially influence the outcome on any deal for trade or for huawei technologies, and that's a company that's likely going to influence the discussions here >> you know, i don't know how you do it. you read my mind from halfway around the world how does those criminal charges against that huawei executive and the possible extradition of her play into these trade talks?

it's got to come up. >> it's definitely going to come up i mean, you've got to think that it's going to come up. it's casting a shadow over the discussions. at the same time the u.s. treasury secretary, steven mnuchin, as well as the commerce secretary wilbur ross have both been trying to put some distance between the indictments from the justice department and the trade talks. they're saying that these are separate issues. at the same time the chinese do see this as a political move the chinese want to see a trade deal done, though, and the cfo is going to have an extradition hearing. that was supposed to happen on february 6th now because of the case from the justice department, they are going to be -- the defense is going to be given more time. the hearing date has been now postponed to march 6th one other thing, broin, before i go, that's interesting here, is that on social yoed there's been

coded language among the chinese public suggesting that they feel that the chinese government in its very strong reaction to huawei hasn't actually been helping their case i think that's really interesting. the coded language is strange because they call them -- they've been calling the government here a pig-like teammate, which is supposed to be -- >> what? >> it's a chinese saying where a pig-like teammate. >> okay. >> there's a phrase in chinese that you would -- you could challenge an opponent who is god-like you just don't want to have a team mate who acts like a pig on your side. >> because you'll lose >> running around and making things crazy >> pigs are smart. thatter n eter known as a wise l delicious. >> delicious, wise, and -- that's not what they're thieg every thinking the idea is that the pig really isn't helping your case. >> og. >> when huawei comes out, it

says we are willing to see what happens, and then it is chinese government comes out with some angry words such as this is immoral. that's not actually building a case for huawei. it is separate from the government >> i appreciate you doing this it's a great hit a lot of stuff high level talks my producer called me a pig-doim teammate, and now i'm offended i wasn't, because i that it was a compliment i appreciate it. see you soon the most random but interesting thingure going to hear today has to do with apple. you know about the quarter in china. put that behind us some investors seem to be concerned, but instead of i phones, i want you to focus on another number 245 billion. that's how much cash apple had on hand tend of the quarter. it sounds like a big number. maybe you don't realize just how big it is. here you go. 245 billion means apple could spend $33.5 million every day, every day, for 20 years before the cash ran out snaets assuming it never matd

another di -- made another dime. i think they call those good problems stay warm somehow. stay inside. be safe. thanks for watching. "squawk box" is next to have a hundred percent renewable energy goal. if we don't make this move we're going to have changes in our environment, and have a negative impact to hawaii's economy. ♪ verizon provided us a solution that lets us collect near real time data on our power grid. ♪ if we can create our own energy, we can take care of this beautiful place that i grew up in. ♪

and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome.

aapple earnings barely beat estimates. iphone sales dropped 15% from last year, but the stock is soaring. s we're going to tell you what investors like maybe revenue is down for the quarter, but still total 84 billion. profits also were a little lower. total for the quarter, 20 billion.

>> it's wednesday, january 30th, 2019, and "squawk box" begins right now. business never sleeps. this is ""squawk box." good morning 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 kernan and andrew ross sorkin. let's take a look if he u.s. equity futures market was mixed yesterday the dow ended up by 50 points. s&p down by 3.5 points nasdaq oif by over 50 points this morning it is green arrows across the board dow futures indicated up by 85 points s&p futures up by 7.5, and the nasdaq u