it is 5:00 a.m. at cnbc global headquarters. the house voting along party lines to impeach president trump. china extending a trade war olive branch to u.s. exporters as officials remain mum on phase one trade details. >> president trump making an unexpected phone call to boeing ceo hour before the company paused production on the 737 max

jet. a decade of boom or bust as our room to run series tackles the energy sector asking if a turnaround in 2020 could be in the books. and disney yields the power of the force in theaters today. all of that as "worldwide exchange" begins right now good morning and welcome i'm in for brian sullivan. we begin with late last night. the house of representatives historically impeached donald trump. tracie potts joins us now from washington, d.c. we knew this was going to happen, so now what happens next >> that's the interesting question when is that trial going to get

started? we are not quite sure. president trump says he's eager to clear his name but the person who holds the key to when that will begin is house speaker nancy pelosi after the vote last night, what she said could slow things down. for only the third time in u.s. history, a president has been impeached. >> it doesn't really feel like we are being impeached >> president trump at a rally in michigan aiming his ire squarely at nancy pelosi. >> americans will show up to vote pelosi the hell out of office >> pelosi won't say when they will send the article to the house to try president trump on abuse of power and obstruction of congress. she says she's concerned the

republicans won't run a fair trial. >> the majority leader says it is okay for the juryman of the jury to be in cahots with the issue. >> the president is the smoking gun. >> you did it, now prove us wrong. you did it >> republicans united against impeachment with three, then two democrats joining them the senate divided over to allow witnesses and new evidence >> the american people want to see what is in those documents the president is hiding. >> i'm going to tell the president no to his witness request. i think what is best for the country is to get this behind us as soon as possible. >> that cannot happen until pelosi says it is okay >> saying that cannot happen before january

in the last impeachment, those articles were sent over right away >> let's talk about the dynamics in the senate. what is the dynamic and theater going to be like there. >> that is what they are going to hash outright now what republicans want is to make the short. get it over quickly. no witnesses possible to present a quick summary of the case and then you vote. democrats saying that is not a trial. what you are seeing is long peaches from the democrats you heard some of the evidence that did not come up in the house and may not come up in the senate either. >> some lawmakers saying they are not impartial jurors

tracie potts with the latest on impeachment. >> wall street trying to bounce back futures pointing to some modest gains. the s&p would open by about 60 points, the nasdaq by by about 15 you can see yields ticking slightly higher. the 10-year benchmark currently 1.942% the two-year, currently 1.647% let us now go worldwide. if you look at the trade in asia overall, we have a mixed session but not too bad. the nikkei off the hang seng off and composit about flat the kospi flat as well looking at european trade, that

shows a little bit of marginal gains and losses as well the german dax pacing decline. the ftse 100 relatively flat as is the cac in france looking at some other top stories we are following rahel solomon is here with those. >> china is making a list of tariff skpengss. the new waivers will go into effect december 26 and last one year covering six items, most of them chemical products. china remains silent on the phase one deal saying details will only be released after the deal is signed >> bank of england reported an unnamed third-party supplier had been sending an audio feed of

certain meetings to external clients before that feed was available. >> sweden's central bank is hiking the rate from 0 percent from negative 2.2% moving the negative policy for the first time in five years officials say the policy has done its stimulus work and negative rates are no longer needed countries still in negative rates include japan and switzerland. >> other ones as well. >> there are questions about if that could happen here >> put that on the back burner for now. >> for now the impeachment dominating headlines today but will the news halt the market's current bull run bringing in our guest, a cnbc contributor. we are seeing the riksbank raise

rates. is the interest rate con deucive to the run >> i think the rate story is the biggest story of 2020. if the stock market is right, that will drive it higher. i can't imagine long rates in the u.s., europe and japan will stay where they are. i think this tick up at 195 is really important to watch because if we do get a further rise in interest rates if what the r kirch sbank did in what they are doing, the rate story is a big deal just imagine what happens to those bonds by what comes out of zero in a debt addicted world that is dependent on low interest rates. that will be a test for equity

markets. >> what is driving the move in rates higher in the u.s. and driving it for places like sweden elsewhere around the world. there is this home that brings back manufacturing and growth starts to go higher again. the riksbank is a big deal you have the japanese that want higher and long term interest rates. you have the possibility that just maybe in 2020, if europe's growth stabilizes and maybe they'll get out of negative interest rates >> is the negative back drop in places like sweden, germany, japan con deucive to the

negative interest rates higher >> i am of the opinion that negative interest rates does damage to your banking system. while it would be hugely disruptive getting back to zero seeing a sharp rise in interest rates. i think over time, we need to get out of this rat hole of negative interest rates. as this rate rises, the president will be less and less happy about them can the u.s. economy be okay or move forward with rates gradually rising >> he'll focus on the feds focus on the short end if it is a gradual move higher than we can adjust look at the housing, we can take

those leg as way if the 10-year goes to 2.25 or 3. not too far from where we were i said this in a note. when you wake up, look at where the 10-year is that may tell you where the negatives go >> thank you very much >> when we come back, the good, the bad, the ugly side of rates in 2020. hearing a little about about that dynamic the infamous funding secure tweet to the cyber truck, tesla has come a long way. investors are taking note. and does disney have what it

takes to make "the rise of sky walker" a member of the billion club before the end of the year. (man) we weave security into their business. (second man) virtualize their operations. (woman) and build ai customer experiences. (second woman) we also keep them ready for the next big opportunity. like 5g. almost all of the fortune 500 partner with us. (woman) when it comes to digital transformation... verizon keeps business ready.

>> that's a live shot. a little bit of ice maybe on those roads. coming up on about 4:14 central time let's talk housing fannie mae predicts growth in single family homes is expected to jump 10%. that's a massive move.

low mortgage rates and increase in demand. let's break it down. i'm joined by chief economy, a specialist in the real estate market can we be more optimistic. we are inching back to 2005, 2007 again >> this is perfect >> a perfect setup with your guest in the previous segment. falling rates are good we've had 40 years of long-term falling mortgage rates since 1981 and 18-year or 30-year mortgage where we are now are unchanging. this low rate environment creates a lot of affordability for the first-time home buyer.

that is good on the supply side, it disinsents moving. >> one thing i heard you could do is to tell them interest rates will be higher a week from now, a month from now, a year from now to be honest, that's why my wife and i bought our first home together is there a balance of where rates are now and how we can get people cat liesed. >> it is getting harder and harder rates for the past nine years have been somewhere in the 3.5% mortgage rate. people are saying, rates are at this low spot. we see a reify boom each time the rates go down, the boom gets

smaller and smaller. it is getting harder to convince people that they will be higher in the future. we are conditioned by almost 10 years of them being low and unchanging >> is there a forecast that these rates stay locked at low levels for years to come fannie mae and other are saying rates will stay below 4% the next few years >> is that good for the market and the home improvement eco system >> we would not be better off with rising rates. but flat or none rising are almost as bad. the exiting homeowner which is the vast image-on orimajority os homes to market.

10-year is skyrocketing and will now be over 11 years what is the one thing you watch for? >> it will be rare rates move and some shock that drives them lower and brings them down towards 3.5 and 3 if possible. the unlikely idea is if they go up which would be some what negative but remember, even at an 18% interest rate, people bought homes. >> my parents did. >> we make that decision based more on just financial incentives >> thank you for being here. still on deck for the show, a weaker than expected outlook not enough to cheap this chips stock down that mystery stock revealed when we come back >> announcer: today's big

number, $8.8 trillion. that's how much the market gap of the s&p 500 has gneaid since president trump was elected. that's an increase of about 44%. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way.

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they have also received all of the licenses it requested from the u.s. government to provide to its largest customer which is huawei in china. shares of herman miller down sharply. earnings did beat forecast but revenues did miss on orders. those shares off 11.5% in the pre-market check out what is happening right now with tesla the stock is down a bit after closing at a record high shares have risen pushing the market cap to nearly $70 billion. turning out a massive end of quarter push those shares again down after record highs yesterday >> still to come on the show what president trump said to boeing's ceo on the phone one

daybefore the company paused its max production stay tedun, you are watching "worldwide exchange" here on cnbc

welcome back i'm frances rivera with your news headlines police in indiana have arrested dozens of demonstrators protesting a new citizenship law

that is seen as a push against islam. a luxury yacht in miami burst into flames. the vessel was docked. it is considered a total loss. crews had the flames under control and no other boats were damaged. the yacht belongs to singer marc anthony. all crewmembers are safe and he was not on board snow squalls threatening the city in. another time lapse video shows what it looked like as it came over the hudson. national weather service began sending warnings about snow squals they can become dangerous within seconds. hopefully you were spared across the river but you see what it did here in the city

>> i got caught up in it thank you for that we head back to washington, d.c. following last night's historic impeachment vote dethroned, how tech take overhas put energy in the corner and what if anything the sector can ou to break t. all of that and more as "worldwide exchange" rolls on. i. sit tight. yep, sit real tight, speedy. cause you've got to call it in, police officer: radio to dispatch... type it up, hey, dispa... (feedback ringing) deal with that, dispatch. write it up, walk it back, police officer: slow down out there. and call hq-again. (sigh) (siren blaring) this isn't working. introducing samsung mobile first responder solutions. with the galaxy note10, you can get real-time data at the scene, all on one device. samsung business solutions.

an historic vote to impeach

the president. we are live with coverage of the fallout. our room to run series rolls on with energy in the spot slight the sector was one of the biggest losers but could a rebound be ahead the house of mouse dominating the 2019 box office. disney looks to add to a winning streak the new film second half of "worldwide exchange" starts right now. welcome back to the show here is how your money and investment looks right now as we are half way through the 5:00 eastern hour we can see a little more green on the screen. the dow would open by about 48

to 50 points s&p up by about four points and the nasdaq up about 10 to 11 we are seeing a rising yield and that is continuing today the benchmark yield on the 10-year side is 1.94%. the two-year currently 1.645%. it is set to be another busy day on capitol hill following the historic impeachment vote against president trump. lawmakers voted along party lines. setting up along the trial and the senate congress still has two major policy items to tackle before the holiday break. we have team coverage out of cnbc this morning. we'll start with you, what happened last night and what is coming up next >> no question the house would vote to impeach president trump

but the final moments were still filled with drama. lawmakers booed or cheered the speeches and when it came time for the vote, members gathered around waiving their tally slips indicating how they would vote when the gavel came down, eruption broke out some republicans broke out in a chant of, four more years. >> voting along party lines. two democrats voted against them one republican voted opposed to obstruction of justice after nancy pelosi praised her member's moral courage >> the house has acted on a very sad day to protect and defend the constitution of the united states to do so in a manner that

was fair even though the other side was miss characterizing it. >> the house has not sent the articles over to the senate yet. there is questions about when and if that will happen. wanting more clarity about what a trial will look like and is discussing those next steps with her members. >> we've heard it described that the house acts as the prosecutors, the da, will you will when it comes to the senate, what can we expect in terms of the optics there senate manch ority leader says he is not an impart al juror and we should not pretend this is a political process.

because you are admitting that this would be a process and the president would not get a fair trial that is the article you could use to bolster over to the senate right away. >> with the latest play biplay thank you for that >> congress still has plenty to do before leaving town for the holidays what will be first on the agenda >> that is the midday vote that will be a stark contrast to better politics of impeachment that vote falling on party lines. that house expects not just to pass but to pass in a landslide vote adding in democrats

provisions seeing them take in $3 billion in increased tariff revenue thanks mostly to automakers paying more at the border. that added to the trade commission report impacting that would add 176,000 jobs and add a third a percent to gdp one reason moderate democrats are pressuring mcconnell to take it up before the end of the year saying, quote, we have completed the heavy lifting and negotiations and will send you a bipartisan trade agreement saying they will likely not take it up before the holidays. certainly, the house feels that it has done its job in passing it today

>> increasing the spending bill. what is the time line for the spending bill look like. >> the senate has to take that up as well one question is how the president feels about that the expectation has been that the white house would sign off on the two spending deal to keep the government open. i have heard some aids wondering about whether he could veto one of those bills just to spite democrats for what he feels is a sha raid that took place yesterday. i asked the senator from alabama whether he thought that was possible he said, cot president veto this sure but he didn't think he would becauseof the close role played we have seen stranger things happen in washington the conventional wisdom are that that would be signed before year is out >> stranger things for sure.

staying on top of all of those headlines. not just impeachment but usmca and spending as well >> for all that they have for policy members as pointed out the senior fellow at the taxpayer's union and president of forward strategy. always great to have you on the show today >> good morning. >> it is big you have impeachment and a lot of things on the legislative calendar >> the house of representatives is scheduled to be out today that is a large to do list for a party that typically doesn't get a ton done in the 11th hour. this is a typical washington march towards the end of the year spending deal needs to get done. the president said in the past, he would not be interested in signing another omnibus measure. the house made them two different measures making them a little smaller

as you mentioned, usmca will be the get out of vote vote for the house. it is interesting because usmca has been the trump administration policy priority for the year heading into 2020 is the election year. not just in washington but across the country you see democrats traveling to iowa, south carolina they'll stake out a decision that can contrast. given that the house has been full throatedly enforcing on the free trade side which is a new alignment for democrats. >> let's talk about the usmca. is this a good deal. this was bipartisan struck why is congress not moving quicker on it.

>> no doubt house democrats will have to wrangle concessions that look good for their base those are slightly problematic the fact there will now be certainties in play before there was some they have threatened multiple times to pull out of nafta without it in place. for many manufacturers that pulled across america. guaranteeing and allowing american businesses. politically, it removes the uncertainty that was called about with uncertainty usmca is now a trade agreement beholden to the trade authority which means it is priveleged in

the house and senate it brings up the question of when the senate will bring this up between impeach and usmca, those are highly privileged. the senate has very little time to get work done that means a crowded january and potentially february over on the u.s. senate side >> thank you for helping us break down all of those headlines. always great to have you on. coming up, we have a cnbc exclusive. treasury secretary steven mnuchin discusses an historic week a must-see interview coming up later on today coming up in the show, energy looking for a fresh start in the new year. can the sector find some kinofd relief that's coming up when "worldwide exchange" is back in a moment. we need term limits, aw that congress shouldn't be a lifetime appointment.

but members of congress, and the corporations who've bought our democracy hate term limits. too bad. i'm tom steyer and i approve this message because the only way we get universal healthcare, address climate change and make our economy more fair is to change business as usual in washington.

that's a live shot of new york city right now. still dark as we have recovered from those big snow squalls we heard about. energy is now teetering ongoing negative for the decade. basically flat since september 31, 2009 exxonmobil's fall from grace over the past 10 years from the most valuable stock in the s&p 500 to number 13 as tech has really taken over and dominated. during that time, west texas u.s. intermediate crude oil down 25% has more than doubled. can the sector actually stage a turnaround in 2020 and beyond? joining me now is managing director paul sanki. you watch oil and energy, can this sector turn around and

become a bull investor in 2020 >> no. the problem here is there are three major overhangs. what we call the end of the peek oil age effect essentially driven by the u.s. revolution we had in supply. the tesla affect, the greta affect >> softer. more of sentiment. >> i was being fee see shus when i said no because i should vi have said yes. those three things remain in the overhang there is actually the tess lue affect has not showed up at all but will continue to hang up in the overhang in 2020, the market looks a lot better than it did six months ago. basically demand, we haven't

changed our demand numbers on the supply side with cuts. we have an initial search of growth then in the second half, things look balanced. >> balance is a word i hear a lot. what is driving more of that demand and a pick up not just from us and emerging markets or is it because of opec, ropec and friends, have they done enough to balance that market or are they going to cheat and just put more oil back on the market? >> that is the question. it is one of those self-defeating situations when oil is up here, opec is less incentivized to cut. it has a knock-on effect

you get back to the share war in 2020 that could be the case. further to your question, the big case in 2020 is demand that is wear the bears will tell you you are bearish and the bulls will tell you they are bullish. if you put in $800,000 barrels a day, it's really the difference between the market being balanced or badly supplied we are modelling 1.2 million that is significant rise from 2019 and we could be at risk >> when you talk about the people involved, the industry, oil and gas, specifically in the united states, is there any bullish case for those companies. if so, which ones benefit more in a balanced oil environment? >> is it majors or boutique oil

and gas? >> we realized the permian in the u.s. opportunity is the best opportunity this group had in the last 50 years. the question why does the market hate this group when they have such an outstanding industrial opportunity. you have this booming u.s. oil supply growth. everybody hates them so what is the problem at the same time, oil price is not bad. the answer was, the problem was the company. the strategies suck and they need to get in position where they are generating cash share and paying people for those stocks the long-term outlook looks like a challenge to the market.

almost like a tobacco model where they bribe people on stocks >> what is the best play >> the best is the kog over the long term, they'll get it right because they are the best >> thank you for that on the energy sector overall. all week, we'll be looking at whether or not the markets still have room to run here on "worldwide exchange. tomorrow, the emerging markets will be in focus in the spotlight and whether those can pull off a turnaround in 2020. >> still on deck, facebook looks to pull the super bowl debut and disney looking for a super run at the box office with the new starar ws movie. more when "worldwide exchange" returns after this know what res.

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welcome back time for your executive recap. the fallout over 737 max is apparently a big concern for president trump. the president and boeing ceo reportedly spoke on the phone sunday the two apparently discussed the then unannounced pause in production and the plane's software fix uber has reached a settlement over claims that it fostered an atmosphere of sexual harassment and retaliation the company will create a $4.4 million fund for employees who have faced a beiccusations

retaliation. >> and facebook will make its super bowl appearance regarding its groups feature >> proposing changes to its definition this could expose investors that aren't savvy enough. >> we are just hours away from the sky walker saga. looking at whether the rise of sky whacker will give disney one more billion dollar presence this year. >> the final chapter in the nine episode saga the film is expected to bring in $200 million in the opening

weekend. which would be the second biggest behind "avengers, end game." disney ceo said it would be three years before disney puts another star wars film in theaters but disney needs star wars to be a hit. to drive fans to the lands at its theme parks which both had weaker than expected starts this year and the investment for the star wars series on disney plus. with the flagship spin off and investing in another live-action series and animated series there are seven episodes of the mandalorian now released fans are sure to turn out no matter what, reviews could work against the film critics give it a mere 58%

rating according to rotten tomatoes even if it falls short, disney's $4 billion acquisition of lucas film has more than paid off. >> let's talk more about disney's domination. joining us now, our guests i'm going to throw it out there, who cares about rotten tomatoes reviews when it comes to star wars and avenger-type movies, right? >> right from are going to be the die hard fans who see this >> multiple times maybe. >> they bought tickets well before the review came out that being said. this movie did have the weakest reviews so far the question will be moving

forward, does that move into bad word of mouth and does it see a bigger drop than previous star wars movies. >> have you seen the screening yet? >> yes >> no spoilers she's seen it. you haven't, i haven't are you going to watch it? >> yes, i will >> i will as well. because i'm fascinated by skify. is that why disney is so good at doing this >> it is tremendous franchise. not only the movie but the halo effect that will drive visitors to the parks look at the success of the ma a

mandalorian. disney plus is almost a third of the way there to the gel in a little over a month. with the number of the pad those numbers are some what padded a bit. >> what keeps it going i'm trying to figure out how the eco system can keep doing what it is doing not only the series but the latest avengers movie. toy story 4 and the latest lion

king i guess it depends on where they need to take it based on these finales. >> not because i'm ina of it walt disney has become a power house. what is the bare case? there has to be one? >> i'm bullish on the stock. i think the stock is very cheap. i've said before almost a year that disney said it would be a big boost. before they announced it, it would be moved even though they are promoting it once you build that base, they continue to build. i don't see a bear case.

sometimes a movie will not do so well then a movie like "frozen" will do surprisingly well they have a huge database of characters marvel has over 5,000 characters to make the stories. they are coming out with other star wars movies outside of the sky walker saga that will be more interesting the series is a huge driver. they have so much more than just this on the disney plus. the world according to gold bloomberg bloom is a fantastic show. >> what are you most excited for in 2020? >> they have a lot to work with with a core avenger series

wrapping up. they have a new group of superheroes. the black widow series i'm excited to see that. >> big deals thank you for joining us this morning. that does it for "worldwide exchange" this morning "squawk box" picks things up right now. good morning the house voting along party lines to impeach president trump for abuse of power and obstruction. we are live in washington where the potential impact on the markets and your money facebook's pr blitz continues. the company buying a 60-second spot in the super bowl which actors will star in the commercial and harsh reviews for the latest installment in the latest star wars franchise. will that put a dent

"squawk box" begins right now. >> good morning. welcome to "squawk box." we are live. i'm becky quick along with andrew ross score kin. joe is out today also a cnbc analyst, good to see you. let's jump in and see where the futures are. the dow futures up about 65 points s&p up about six and nasdaq up about 16 yesterday, the nasdaq setting a new high up for six sessions and setting a new high we saw the s&p and the dow give back the gains they have been sitting on towards the