it is 5:00 a.m. here at headquarters and 6:00 a.m. in brazil the nation's opposition leader reportedly planning to replace u.s.-based citgo's board we're going to have more on this late-breaking story, and literally show you where the maduro money may be hiding gejerome powell, more on his comments last night. the burrito is back. chipolte shares shooting higher after they crushed earnings expectations apple reclaiming the poe as the world's most valuable

company, but literally by a couple of cents. we'll show you the countdown is on to brexit now just 50 days until the u.k. will leave the e.u the latest on where things stand right now on this thursday, february 7th, as worldwide exchange begins right now. ♪ good morning, go ahead afternoon, good evening, and welcome from wrefrp in the world you may be watching. i'm brian sullivan as you can see here on our snazzy monitor, celebrations continue all if honor of the lunar new year this was the scene in hong kong overnight. fireworks slilighting up the sk. the markets still close. i got to tell you, taking a week off, they do it right. we need to learn from them that's very good we're going to show you more on how your money is doing right now here and again stock futures indicating the dow may drop just slightly at the

open we had a slight drop again yesterday breaking a five-day win streak for the s&p 500 s&p futures down nasdaq futures down. nasdaq -- i just created a new index. is down about 40 points. the yield on the bond market 2.69% on the benchmark ten-year yield we have seen nothing, nada, zilch, no action in -- how is that for a setup in the bond market what about oil something we'll talk about a lot more throughout this next 50 or so minutes we have got together. price of oil is up about .3% 1.13 on the euro dollar. bitcoin just literally continues like a venezuelan tanker we'll show you that reference in a minute it does nothing. 3,373. overnight in asia, china and hong kong, they remain closed for that whole week-long celebration on the lunar new year we are seeing the nikkei index down about .6% some of the other markets are managing to squeak out a couple of gains here.

not a lot happening overseas and asia i would like to say all this is going on not necessarily the case right now. 50 days, 50 days until the u.k. will leave the e.u theresa may heading back to brussels to try to hammer out some kind of a deal. otherwise, it's a no deal or a hard brexit. we're going to get you more on that in just a couple of minutes as well. also new overnight, federal reserve chairman jerome powell talking the health of the economy. he says that sluggish productivity and a widening wealth gap are some of the biggest challenges facing america over the next ten years. >> we pride ourselves on being a country where you can go from the bottom to the top, and there are plenty of examples of that happening, but if you actually look at the numbers and look at what are the chances that someone can go from the bottom qui quintile, the u.s. lags in terms of mobility.

we also heard from randy quarrels he says the u.s. economy is looking strong, but there are still some major risks out there to be mindful of >> in the united states the outlook is still very solid. everything that we see, you know, all the job numbers and particularly the labor market is extremely solid labor market and, yet, inflation pressures remain muted this is a very good position to be in, but you look at what the risks are, and i think global risks are probably the most significant ones, and that will be what i at least will be looking at over the course of the next six months is how does that evolve? >> all right a couple of fed speakers here. now, let's speak about more on the global risks and the financial markets. joining us now is sven henrik, founder of the north man trader. he is a man who is right because i remember, sven -- >> i have no audio

>> have y >> you have no audio he has no audio. but he does have charts. we could just look at pictures and maybe draw lines and stuff if you can hear us, we're going to get back to you soon. don't go anywhere. your top stock story today is chipolte. stocks are soaring after the company crushed earnings expectations frank holland joining us now with more on chipolte's big quarter. >> i have audio. chipol at the has earnings really blowing past estimates. foesh by 35 cent per share when it comes to earnings there same store sales, the burrito chain jumping by 6%. chipolte is benefitting from an increase in customer traffic and higher menu prices it's seen its biggest growth from on-line and mobile orders, which rose by 65%, and now accounts for about 13% of total revenue. chipolte says it will add a separate assembly line to meet all that demand. it's also testing drive-thru

windows call chipolt-lanes they also plan to launch a loyalty program this year. ceo brian nichols says the biggest challenge this year will be labor costs rising as much as 5%, but the chain is working to schedule workers more efficiently. 2018 was really a turn-around year for the chain you should nichol who took over in march. the stock improved by 50% in 2018 this morning shares are up more than 10% brian, back to you >> what's your favorite thing at chipolte >> i like those bowls. >> i knew you were a bowl guy. >> they were a big thing at the end of last quarter, too i think they teamed up with door dash, and they saw a bump in revenue because a lot of other people like those bowls. >> they love the bowls it's all about the quikeet ketot i don't obviously diet joining us now is sven henrik i'm going to reintroduce him and hope that his odd yes has been patched in can you hear us? this is america calling. >> i can hear you now. >> it's amazing, technology. >> how are you, brian? >> the two tin cans and the

string stretching all the way to london i am doing well. thanks for joining us. i was going to give you praise because i remember that we were on at the end of the -- middle of the end of december, and you said, yeah, the markets stink, but i think we're going to have a nice rally heading into the end of january you nailed it. i mean, we had a very, very solid january. the question is, sven, what do you see now? >> there are three elements we need to look at. one is technical, which is the premise for the rally back in late december. it was that we were really technically steeply disconnected and with the market they needed to find a balance and basically reconnect with all the broken moving averages, and that's exactly what we have seen now. the rally has been extremely aggressive because the fed really fueled this rally into january. the destination was not unusual. it's the speed and the slope of this rally, and this is bringing to the second point, which is policy the fed has completely caved you know, they went from for

four rate hikes in 2019 to now zero basically, and, obviousl obviously -- completely 180% turnaround again we see a lot of cash flowing back and bringing us back to major resistance third point it our highlight i all this is happening in context of macro data still deteriorating globally europe is looking to skirt closely with the recessionary environment. italy is already in a recession, and obviously, low growth in germany is slowing down dramatically now we're finding ourselves at this key point of resistance, and we need to find out if this is a market that actually can thrive on further good news or whether we're setting up for a bear market rally here that could see a retest coming into the next few weeks or months >> when will we know what kind of technical level

what kind of price point will give us the indication of whether january was an anomaly or the sign of good things to come for the year? >> well, you know, a lot of people are talking about the daily 200 day moving average was just resistance just ahead there's more that we have. also the weekly 50 moving average and we have the monthly 50 mma all key moving averages that are converging just here in the next few handles, if you will, between 2730 and 2760. this is the area we need to see not only a move above, but a confirmed move above what that means is that if we were to move above this area on a retest, this is all it needs to then hold if that cannot happen, then obviously we're looking at a retest i from now at the current moment we're extremely short-term overbought, and markets are struggling with this area right now. as long as they can hold at, say, the 2600 zone and the

50-day moving average on any retest, then i think bulls are fine to move and at least try again to get across this resistance here. failing to do so, if we drop below 2,600 again, then i think we may be looking at major work to the down side still >> i know you are more of a chartist, but i also know you are a smart guy. i'm going to ask you a fundamental question the european union minutes ago coming out and cutting their growth forecast for the euro zone from 1.9% to 1.3% more than half a percent off the e.u.'s growth. that's a huge cut. what does that tell you about, a, the economy, obviously, slowing down, but, b, what that might do to financial markets? >> well, brian, you are hitting on a key point here. imagine we are ten years after the financial crisis, and the euro zone is still a negative rate they just finished or stopped their qe program here at the

tail end of 2018, and so now we're looking at virtually no growth whatsoever with negative rates. if the euro zone were to go into a recession, with negative rates still in place, we're really entering undiscovered country here we've never seen this before i mean, the point of negative rates and the point of qe was to stimulate the economy, and so now that we're not seeing a stimulated economy but rather aggressive economy, i have to raise the question i mean, are we looking at a huge failure of central bank policy maybe the same applies to the u.s. as well keep in mind, in 2018 they've tried to reduce the balance sheet for the first time it fworkd a few months while the tax cut was still filtering into the economy, but then all of a sudden the bottom dropped out and markets with a 20% drop, and now they're stuck again, and they have to hold off on that particular policy. >> do you -- i hear -- i want to jump in. i'm sorry.

do you believe we're 50 days out? in your head do you believe we're not going to be able to make a deal and there will be what they call the hard or the no deal brexit what is your prediction for what's going to happen in 50 days time? >> broin, i have to be honest with you, this is a no call situation. i've been watching this year for the last couple of years, and it's just absolutely no agreement here within the political spectrum in the u.k. i mean, it's not an easy situation for theresa may because she has even with her own party she has opposition to the deal that's been proposed by the e.u. there's no clear path here at the moment it will come down to the wire for sure she's back in brussels this week, and maybe she can come back with something, but the e.u. has made it clear that they're not going to budge much. someone has to make some tough choices here >> yeah, they really do. sven, a man who can talk about anything we love following you on twitter

as well. a great call on the markets in december thank you very much. see you soon zbliefrmt we are just getting started here on this thursday "worldwide exchange. up next, a major development overnight out of venezuela big changes could be coming to the u.s. refiner citgo as the crisis in venezuela comes to a head we are literally following the money. we're going to give you a worldwide exchange exclusive look at where venezuelan oil is in the world right now this is maduro's money, and we'll show you where the ships are. later on _#gains we'll lay out the bull case for the bl bd ene meacueirwh wco bk. ? mmhm. your employees must love you. [ chuckles ] thank you. you could say that. i love you. servicenow works for you.

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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. >> we're continuing to follow a developing story out of venezuela. juan guiado could name a new board to u.s. oil refiner citgo. remember, citgo, a name you all know, is owned by venezuelan state-run giant paravesa replacing citgo's board could cut off a crucial fund to the maduro regime. the united states imposed new sanctions on pervesa requiring all american companies who deal with them to keep their money in an escrow account controlled by

the government until maduro is no longer in power, but there's a lot of oil already out there who is taking or thinking about taking venezuelan oil, and where is it right now? i want to give thanks to the data firm ridinitiv because they gave us data on where venezuelan oil is right now in all since january 26 when the sanctions went in order, 19 ships have been loaded with venezuelan crude oil these are huge tankers now, of those ships, seven were chartered to go to the united states 4.5 million barrels of oil two on their way to india with 3.5 million. these are the vlcc's very large crude carries you have six going to latin america and the caribbean. two are going to europe, and the rest are going to singapore and malaysia 19 ships leyden with 16.5 million barrels of oil worth

about $880 million that would go to the maduro regime we want to know exactly where these ships are right now. in other words, where is maduro's money don't think about oil. think about money. forgive us here. this is satellite map. of course, the united states you have mexico, central america, and venezuela here. i want to highlight -- i know there's a lot going on the screen i want to highlight, first here, what they call porto jose. that is really the main oil loading area in venezuela. it's down here sort of on the end. look at these red dots the red dots are all crude oil ships. we showed you some of them in that seven there's many others. most of these are empty. they're just sitting there they're waiting to be told what to do. now, if you are a ship owner, you don't want to wait you want to be active. we know about lake mericaibo here and what they call porto -- which is another oil-loading and discharging port there you go i know there's a lot of ships here, but as we zoom in, look at

this lock at all these red dots this is where the oil refiners are in venezuela they're really off shore kind of near aruba they're almost not quite an island, but they're a peninsula. a bunch of huge ships just sitting off shore waiting for orders. we're up here. that rerouted yesterday, and they're sitting at anchor. you got a couple that are off the port of corpus christi, and you got a couple down here in all, you got 19 ships around

the world going out. a number of them were supposed to come to the united states they are not they are full of oil we're talking about tens of millions of dollars of money per ship that was supposed to go to maduro that now because the sakes are just anchored off the coast of mexico or anchored off the coast of corpus christi. the ship captains no doubt wondering where that -- where they're going to go next let's talk more about the crisis in venezuela joining us now is catherine, head of global research and chief investment strategist at bulltick capital markets i know this was a little bit odd kind of looking in, but i'm fascinated by these ships because don't think of them as ships with oil think of them as ships with money. money supposed to go to maduro without money, what does he have, catherine? >> well, that's right, brian i think this is a very effective u.s. policy in terms of ring fencing. his lifeline, which is effectively money.

the asphyxiation of the regime is essentially what will ultimately take it down in alignment with wholesale decertification of rank-and-file members of the military and several top generals, brian, that have reneged on their allegiance to the regime i think his days are counted, and those ships don't have too much -- hopefully too much longer to wait off shore >> that's the reason we showed the ships. our viewers may think, well, i don't care about ships and oil, but i you might care about money and what happens in venezuela, and if those ships end up just going nowhere or being sold off somewhere and the money goes into u.s. trust account, and it doesn't flow to the regime, how much more tieme, katherine, do you believe that nicolas maduro really has >> i would say it's very hard to say exactly, but i would say weeks, brian i mean, this is a regime that's not popular in any sense of the word it's entirely being propped up by military guys that surround him that have had their pockets

lined for years. if they're not -- if they're no longer seeing the money, how -- i mean, i would assume that their faith and their allegiance would crumble. the question is timing >> marco rubio coming out last night and saying that he believed it was just hours if not days where one guiado was going to name a new board to citgo. citgo, a name well known to all americans, controlled by venezuela. one of the primary sources of money. it's very interesting, is it not, catherine, because if they name a new board to citgo, literally we've got a major u.s. company whose board is being replaced effectively by the u.s. government is this a tactic that is going to work? >> look, i think it's just another pressure point, brian, on top of this regime, so you have the combination of many countries in the world, and that list keeps growing recognizing guiado as the legitimate president, which really he is then you have the sit zo e goe

announcement with regard to the board. i think that's important in terms of national security because citgo is also 49.9% russian owned. there's the russian component as well i would say that what the u.s. is very effectively doing, and marco rubio has really been the leader and taken a very important role with regard to u.s. policy towards venezuela is effectively to as fixate this maduro regime. what we need is that one final straw, right, to get the military to change sides and really recognize the legitimate president and get this thing going. brian, the next thing that has to happen here is as soon as the government changes, get pervesa going and get oil production right now and a promise for the future for more production production has dropped 70%, brian, in the past decade or so. >> it's an economic and humanitarian disaster, and the hard work is still to come that's why we're following the ship because you said the final

straw, those ships may be the final straw. catherine, always a great insight on venezuela have a great day thank you very much. >> my pleasure thanks, broin. up next, swiping right the one stock to watch as investors are going all in on on-line dating yeah, just ahead of valentine's day. later, the story you've got to hear to believe. news that some of your favorite apps may be recording everything you do on your phone screen. i mean everything. throw your phone away. we're back after this. unpredictable crohn'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

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>> happy thursday. some of the big money stories you need to be following right now. semiconductor firm nxp reporting better than expected fourth quarter results. however, sales fell 2% chipmaker expecting to decline to worsen this quarter, and xp says demand is weakening, especially in the auto sector and in china match group's fourth quarter results beating forecasts thanks to growth from tinder. the popular dating app added more than 230,000 new customers last quarter and more than one million over the past year match group stock is soaring up more than 12%. hey, suck it up. shares of irobot are surging today. the company reporting better than expected earnings and offered an upbeat outlook. they make the i-robot, robot

vacuum clean eercleaner, the ro lawn mower irobot up 13% right now. up next, why one market pro says watch out for this one big area, and the key things you need to be watching in the markets right now. raising the red flag, dow futures down 120 stay with us worldwide exchan wl rht ckgeilbeig

three big countdowns here at cnbc, number one, we're counting you down to the opening bell after the s&p broke a five-day win streak. number two, we're counting you down to brexit we are just 50 days away from the u.k. doing a no deal leave of the e.u. and number three, we are counting you down to twitter's results. they will be out in over one hour we'll break down all the things you need to watch when they report all that and more, hard to believe, as worldwide exchange rolls on right now ♪ ♪ keep on rocking in the free world ♪ >> again, this goes to our theme on this show, which is great musician that is are labelled about i their worst song worst song by neil young like "start me up" by the stones "born in the usa" by bruce i'll stop. welcome back thanks for being with us here on

cnbc hi, i'm brian sullivan let's kick off the second half of the show with the executive recap. frank holland back with all the news you need to know. zoo here's what's leading cnbc.com right now we are still following the latest developments out of venezuela. that nation's opposition leader juan guiado will name a new leader to citgo. it could come as soon as this week citgo is owned by venezuelan oil giant pervesa. it could cut off money to nicolas maduro stateside sffed chair jay powell made comments during a town hall in d.c. last night shares of chipolte shooting higher this morning. the food chain crushing earnings expectations, citing better than expected sales and margins, thanks to many changes, higher prices, and big restaurant investments. the stock is up more than 10% this morning brian, back to you

>> nice pop, frank thanks very much let's get a check on the story's other top headlines outside of the world of money. nbc's francis riviera in new york >> hi, brian good morning let's start with that. a chaos that is rocking the commonwealth scandals trigger a dangerous domino effect for virginia's top democrats. the state's attorney general mark herring is now also admitting that he, too, appeared wearing black face the revelation coming as the governor clings to power amid growing calls for his resignation. the backlash over a racist photo that appeared on his med school year book page and the second in command lieutenant governor justin fairfax is now dealing with his own controversy involving a sexual assault accusations a gas explosion led to a three-alarm fire in san francisco. the gas line ruptured at a construction site and spread to five buildings nearby. authorities ordered evacuations for everyone within a one-mile raid yum thankfully, there's no report injuries there are hundreds left without power and gas.

an investigation is underway a florida man was caught trying to dance his way out of a drunk driving test literally watch here that's 33-year-old christopher larson caught on dash cam breaking a move during the walk and turn test. police found larson asleep at the wheel with his foot on the brake. the breath test revealed he had more than three times the legal limit of alcohol in his system after waking up, the arrest. you know, he is, like, light break it down. brian, back to you >> fran sir, you know the old adage in the news business all great stories begin with the same three words a florida man zbloo. >> a florida man apologies to our viewers in florida. >> we love florida a florida man. thank you very much. well, here's how your money and investments look we're a little over halfway through the 5:00 a.m. hour it's 5:34 if you want to be exact. if you have to be on time for something. dow futures down 123 points right now. we've goet brobroke a five-day n streak a little weakness creeping into this market today.

well, just breaking moments ago, the european union slashing its growth forecast for the euro zone in a big way. the e.u. now seeing 2019 growth at 1.3%. that is down from a previous estimate of 1.9% this is collectively one of the biggest economies in the world .6% haircut. a big deal let's bring in michael pervis, chief global strategist at weeden and company that's relatively fresh. that's a big cut if we cut u.s. gdp, and they're almost the same size, the e.u. and the united states, if we cut the u.s. gdp estimate by .6%, it would be alarm bells what do you think about the e.u. news >> well, i think to a certain degree it's news we already know, right? you know, people have been analyzing and seeing the data, the pmis being just pushed down and down and down across every major economy in europe. even spain, which is one of the brighter stars, their pmi is in

the mid to high 50 rz and they're down into the low 50s right now. the german iphone numbers from two woeks ago are just horrible. you are right. the magnitude of the cut is dramatic just quickly off the top of my head, i think it's about the same size move as we saw in that 2017 upgrade in gdp. it's roughly about that same move just in the wrong direction this time. it's very interesting to see after the state of the union the other night where there was this talk about structural change well, it doesn't sound like a two-week resolution there, and the chinese data is not getting any better any time soon i think the question is how much german manufacturing is going to get lower until either the chinese fiscal stimulus kicks in, and/or the trade is more constructively resolved and sentiment becomes better >> do you think that news is enough to move our markets

it appears to because when the news came out, dow futures ticked down immediately. >> yeah. i mean, i think, again, i think it's sort of affirming a lot of data we've already seen in the markets have already processed, but i think the magnitude is a big shift down it's going to start -- you know, there are going to be echos of the deflationary scares that we got just in 2015 if you remember, there was a big deflationary scare then that was before the euro zone the ecb rather started its qe program. i think this also begs the question about what's going to happen with the ecb pivot on its hiking cycle and what -- where are they going to be doing and how the ecb has to respond >> e.u.'s collective economy, about $19 trillion if it was a 1% cut, 1.9 trillion, call that half a percent, call that $900 billion. a lot of u.s. companies obviously export and sell to europe if that's slowing, they will sell fewer goods

>> absolutely. >> right >> what's your take on the u.s. market after what was a pretty spectacular january. sflu know, having said that, i still think that, you know, as we're looking at the earnings season that we're going through right now, the earnings are once again, you know, proving overall to be really pretty good i don't think -- >> good enough there's good and good enough good enough to keep equity

markets moving higher. >> exactly, but i don't think it's -- it's obviously not going to be a straight line. the rebound that we saw, you know, really since that december 24 low has just been so fast, so furious that i think some consolidation can be expected. i think this -- you are right. the -- this slowly weakening or maybe not slowly, but steadily weakening euro zone data will be a concern for global growth, and the s&p nearly 50% of the top line is from overseas. >> what if we get a hard brexit, a no deal brexit >> right well, the hard brexit is going to obviously compound those factors. you know are it's another discussion as to whether that hits the u.k. more than the euro zone, but it's a negative for both, i would suggest. probably for a global risk appetite as well >> michael purvis, weeden and company, chief global strategist thanks for rolling with that breaking e.u. news i'm not going to throw something at you can't handle. the countdown to brexit is

on 50 days away now for the u.k. scheduled exit theresa may going to brussel s today to hammer out new deal wi wi willham marks, what's the deal that she can hammer out a deal to aindividual that hard brexit? >> brian, your math is pretty good i know it's seven weeks as of tomorrow until we end up with that no deal scenario unless this deal seemingly goes through. theresa may is coming here today. says this the european quarter in brussels. it's very much the heart of the concept of consensus, and we're seeing the european seven nations holding ranks against the u.k., and that's been led primarily yesterday by the e.u. council president donald tusk with some unusually blunt language for the united king doll

zplie have been wondering what a special place in hell looks like for those who promoted brexit without even a sketch of a plan how to carry it safely >> he said that after meeting with leo, the irish prime minister, and, of course, it's the irish who are very economically and politically exposed to no deal brexit if that ends up happening.

>> he will be here for a few hours, and she'll meet with though ez two individuals as well as the head of the european parliament of course, they have to ratify this agreement as well they have concerns about any mooumt on the irish backstop, and also, the main brexit point person in that parliament. he will be meeting with may as well she'll then be heading back to the u.k. and heading to ireland tomorrow for dinner with liam radburn trying to find a way she can get some kind of language or legal changes to this backstop that so is unpopular among members of her own party whether she can do that before a vote next week once again, she has to go back to the british parliament and try to seek their approval that is a very difficult question to answer >> live in brussels, wilham, thank you very much. up next, a story you have got to hear to believe some iphone apps may be recording everything you do on your screen without you knowing. yikes. and a valentine's day promotion gone too far

the latest move by a major airline has some people talking morning. 'ltewel ll you what it is as worldwide exchange returns e, 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. unpredictable crohn'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®.

skblienchts recapping european growth i'm going to recap european growth how about this growth is not as good as it used to be. moments ago the e.u. coming out and saying that growth in the e.u. will drop from 1.9% to 1.3% german bonds setting a two-year

low. keep in mind, collectively the e.u. economy is nearly $19 trillion just about the same size as the united states. you take a half a percent off of $19 trillion, that's real money. all right. let's find out what else you're going to be talking about today. time for the morning's top trending story frank, this iphone spying story is not good. >> data privacy is going to be a big story throughout 2019. it's already become a big story in 2019. let's get right down to it many popular iphone apps are secretly recording user screens without asking apps including air kabd, holster, and expedia, among others, are recording every move their user's make. they're using a service called glass box. app activity, screen shots get sent back to companies with analysis sometimes without even covering up information like credit card numbers. worst of all, none of the apps

list the use in their privacy poefs and there's not a way to opt out of this. >> that is incredible. literally what you do on your phone, the surface activity is being monitored. >> well -- >> your most private stuff, what's my password, what am i texting, all that stuff. >> the worst part is you don't know it's going on, and you can't opt out, and you aren't giving your permission we leave our private information open, but we opt in. whether it's facebook or twitter. >> we know give it up give it up where. >> all right i got two words for you. >> all right >> flip phone. >> flip phone. too retro. i have two words for you insta cart is overhauling its pay policy and will no longer use tips to subsidyize workers pay. previously they were not giving workers in addition to their hourly pay, but used to meet a pay threshold. a system widely credit seized by

user users. pay drivers for tips had absorbed dating back to october of last year i'm not really an instacart user, but i looked it up >> cart delivery last night. >> the workers are guaranteed a payment of $10 >> yeah, they get that service fee that's in there. >> there gu. somehow if it wasn't at least $10 and someone tipped, they added it to the order to make it $10. if the order was $9 and somebody tipped you $2, you only got $11 instead of $12 >> here's the thing. here's a good rule just always throw the driver extra cash on top because if you are too lazy to go to the store, as i was, you got to help them out. >> everybody likes cash. >> they're working hard. delta airlines and coca-cola, they are apologizing for napkins that some passengers called creepy. the diet coke brand of napkins encouraged delta passengers to approach their plane crush and even had spots to write down your name and phone number delta and coke say they'll be e replacing the suggestive napkins

with diet coke branded napkins >> tomorrow you're going to did a story in "trending" that's going to be, man, outrage on twitter as man gives woman phone number on plane. that will be tomorrow's story. >> i just think when you are in an kbod space, you don't need to encourage people who are maybe even drinking to go over to people they don't know and start talking and doing suggestive things >> i don't think it helps. >> when you are on a plane, put your headphones on and watch your favorite movie and move on. we're going to move on, frank. thank you. still ahead, dollars and cents. in this case six pennies that made a world of difference. it's your morning rbi, and we're going to tell you why just 6 cents completely changed one majostk. icarndr ac

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>> looiss are watching beyond the top and bottom line in today's reported the first one is, as always, user growth. back side is projecting ining 3 million monthly type of user growth has been slowing, in part, because of the company's efforts to remove fake accounts and to improve what it calls the health of its platform that leads us to the second theme, which is spending twitter, like other social media companies, is envesting heavily in security. that could weigh on margins. look out for average revenue per user web bush saying they expect continued momentum with new ad projects and improved formats in video. they are trading higher ahead of the report today so far 18% year-to-date, brian >> thank you very much

a good year. appreciate that. well, your next guest is betting big on twitter ahead of that number. his firm crunched the numbers and says user engagement has grown in a big way eric ross, chief investment strategist at casend securities. you just heard the great report. what's could you to you? what you do think should be the one or two things for twitter investors to pay attention to? zblie think engagement is important. to look at the daily average user will be key right now i guess consensus is about 8% growth in daily average users, but i think it will be a little higher than that, and we actually make our own measurements directly on new user downloads of apps and then user ratings what we've seen is that this quarter has been spectacular as far as adding new users. actual real human users that are actually downloading it from their mobile phones and then writing something in writing >> actual people, not -- >> yeah, actual people that's an amazing thing. >> has twitter cleaned up in your mind their problems there's a lot of problems. >> there's no way for them to fully clean up their problems.

i don't think we're ever going to see this over we do see that they've called a massive number of bots and we're now seeing actual real human users coming back. they're enjoying the platform we are seeing the ratings going up and a lot more user engagement, and that means a lot more video, which means a lot more preroll video ads, and that's good for them >> average revenue per user. what would disappoint you? what would make you change that buy rating what's the fear around the stock? >> well, from what we measure, i don't think we're going to change their buy rating because we're looking at longer term fumgts change. >> you're sticking with twitter for the long-term? >> we've been in it for just under a year, and we're in it. however, the things that would worry us if they were spending a lot more in order to call these bots and to police the twitter sphere that would worry us because it would add costs that would be unnecessary and foeshlly drive

users away potentially drove arpu down. >> the odds that twitter gets purchased are what >> it's not even in our model. i think it's an interesting -- >> i'm not asking about your model. i'm asking your opinion for that big brain of yours >> my brain is getting smaller as the years go on >> yours too >> twitter is interesting because it's not like the other social media property. it's acceptably a cable clanl with a million channels. it's really -- >> where everybody is angry. >> i try to put the social in social media i like to be nice. >> absolutely. i am not sure necessarily that it fits in with a lot of people's strategy. it didn't fit in with facebook the only other person might be soft bank because they can add it to iot platform i don't see any -- i don't see it realistically >> eric ross, buy rating on twitter. big numbers coming out about an

hour, and we appreciate your views. >> appreciate it >> thank you very much >> all right time for your morning rbi. you may have heard yesterday on this very fine network that apple is once again taking the title of the world's most valuable company apple's market cap is just over $821 billion it turns out 6 cents per share multiplied by bill yobz of shares can make a world of difference there you go somebody asks you, hey, when does 6 cents mean $821 billion, you say when it comes to apple, my friend. 6 cents. put them back over microsoft as the world's most valuable company. congratulations for now, apple, and tim cook what are you going to do to keep it well, we have "squawk box" coming up in a couple of minutes. they're going to deal with some market weakness. yesterday we broke that five-day win streak on the s&p 500. dow futures down 117 points

right now. s&p and nasdaq off as well big day ahead. exg rlidor watchinwodwe change sidewal "squawk box" is next have a great day

we have details on that straight ahead fed chair jay poum sounding off of a fed independence after a steak dinner with president trump on monday. we'll tell you what he had to say on that. chipolte shares are soaring after a country posted a blockbuster quarter and revealed new plans to streamline pickups and mobile orders, and then a massive deal literally just crossing the wires minutes ago suntrust merging with bb & t the transaction $66 billion. it becomes the sixth largest bank in the country. we're going to talk a lot about that over the next three hours

of "squawk." it's thursday, february 7th, 2019 "squawk box" begins right now. live from new york where business never sleeps, this is "squawk box." >> good morning. i'm melissa lee along with andrew ross sorkin joe and becky are off today. we'll get to the markets in just a minute, but we want to go it this breaking news literally crossed about five minutes ago andrew, you have the details here >> breaking news from the banking industry a $66 billion transaction. the largest banking transaction probably in the last decade. bb & t and suntrust just announcing they will combine a merger of equals it's an all stock deal voould valued at $6 of billion. combined company will be the nation's sixth largest bank. i'm trying to go through what it would be behind. you'll know this better than i will bank of america, j