it is 5:00 a.m. at cnbc global headquarters and here is your five at 5:00. let the rally resume stocks set to open at record highs as 2020 picks up right where 2019 left off. the pressure building at boeing, what new memos released by the company say about the 737 max jet, designers and the regulators overseeing that model. waffling on the deal, new comments from president trump casting some doubt on a january 15th phase one trade deal signing. ghosn on the run new video surfacing of a man

believed to be carlos ghosn moments before his escape from japan. plus, history in the making as the iconic king of cool, steve mcqueen mustang hits the auction block today, otherwise known as elenor a sneak peek as "worldwide exchange" begins right now ♪ ♪ good morning, and welcome. happy friday your mystery chart of the morning. the stock is down some 40% right now, we're going to reveal that name to watch coming up. but first off, here is how stock futures are looking as we kick off this friday morning, as all the major averages are coming off record closes. you can see here if we stay with these futures moves, the s&p opens up another 8 point,

another 65 points for the dow and 33 points for the nasdaq the bull run continues investors can look to apple. those shares hitting record highs, helping push the averages as well. you can see apple up another three-quarters of one percent. over the last year this stock has doubled. treasury yields moving ever so slightly remember, we had some really volatile sessions over the last week or so but still a slight tick higher in note yields, just around 1.8% now, 2020 already off to a stellar start for the markets. the dow had seen and the s&p as well two record closes each. the nasdaq is coming off its third record close we'll keep that tally going all year long. but again, two for the dow, two for the s&p, three for the nasdaq let us now go worldwide. in that asian trade what you're

seeing right there is predominantly a mixed trade. just about flat to slightly lower for the shanghai composite. as we spin the globe around, european trading, what you're seeing there is mostly green on the screen now, the dow is within striking distance of 29,000 the markets appear to have the all clear sign as middle east tensions at least for the time being. let's bring in chief strategist over at principal global investors. it's been amazing. i say this because the record run that we've seen in 2019 just has lost no steam, geopolitical risks have not derailed it at all. is this what we can expect for the rest of 2020 >> thanks for having me on

it's been a tremendous rally last year they were the geopolitical risks and a slight weakness in growth, and yet equities continued to push higher and higher. and even at the beginning of this year after the geopolitical stock with u.s. and iran, we're still looking at record highs. would i expect that to continue at this pace probably not we've got a lot of good news built in, so the barriers, the wall that equities need to climb is that much higher. but given that we expect central banks around the world to maintain the liquidity that they're providing, we would think that growth will stabilize and have a slight upturn but we don't expect the kind of returns that we saw in 2019. >> you mentioned the central bank that's been a big theme for many of the guests we've had on air throughout the last couple months now is this a scenario where they

can keep on pumping enough lek w -- liquidity? >> yeah, i think that what we should expect to see this year is you have a status quo so central banks continue pumping in the liquidity we don't have fears about the balance sheets they can continue to increase, at least through the rest of this year. but they do now need to turn to fiscal policy, because as we look to 2021, we have got some concerns growing about the economy. and by next year we need a lot of the fiscal stimulus to come through. and potentially in the u.s. as well. >> where exactly is going to be the biggest hot spot out there as we talk about the notion that these markets sit near record highs globally speaking for some of the major developed ones? is there a notion that is u.s. is still the best place to be? >> you know, we do expect positive returns in the u.s.,

but we think you can get better outside. so we like europe and we especially like emerging markets. having said that, given the rally that you've had over the last month and a month, the target is almost close to being met. so we are going to be running out of steam relatively soon but we like emerging market asia and a lot of the central banks still have room to cut rates further. and especially with the fed on hold, and at least some move for a potentially slightly weaker dollar, that would also help emerging markets. >> which of those emerging markets seems to be the one that stands out the most? are we going to look toward east asia or places like south asia or even africa, those markets? >> yeah, so east asia and we really like china. we like china consumer discretionary. it's one of our top picks for this year. >> so china is in focus there. let's bring it back toward the

u.s. shores as well. we know that gero political risks have calmed a bit. can it keep powering the global economy and markets as well? >> so we think that the u.s. economy is stabilizing some of the data has been disappointing in the last few weeks but we think it's going to have a slight upturn in terms of is it enough to power through, probably not. with the labor market specifically, we have seen signs of softening coming through since last year. we're expecting that to follow through 2019, so there are pockets of weakness starting to come through but that's not enough to stop an expansion for the global economy and especially for the u.s. in 2020. >> loalways a pleasure getting your thoughts. thank you very much and have a

great weekend. boeing expressing regret following the release of what it calls embarrassing internal communications it sent to investigators late yesterday. frank holland joins us now the words, reading through that email, i mean just damning clowns, monkeys, those were just two of the words. >> just two of the words some very concerning statements made by employees. boeing sharing what's being described as damning documents with the faa and u.s. lawmakers. in those documents employees actually boasted about boeing regulators in approving the 737 max without requiring pilots to undergo training on simulators. >> one employee writing i still haven't been forgiven by god for the covering up i about last year the employees also raised concerns about the plane and message from 2017. one boeing employee said this airplane is designed by clowns, who are in turn supervised by monkeys. this the latest crisis for

boeing as it tries to build its reputation after two deadly crashes and revelations it sold a flawed aircraft. boeing said the messages are unacceptable and don't represent the company we are and need to be the faa says the documents do not present any new safety risks that it didn't already discover during its review of the max earlier this week boeing said it would recommend extra simulator training for pilots. but those emails, very concerning not only if you're a regularity, a lawmaker if you're just a customer, someone who is going to get on any boeing plane, you have to pause for a second. >> and i invite all the listeners and viewers, go to cnbc.com to see the story there. what i thought was interesting about that was some comments made by other employees about the 737 max jet, saying, frank, would you put your family members on this plane, and another employee saying no >> you know, just to ex stand on

what you're saying it was a no, period. it wasn't if there was more training the person just said no. and one person said our arrogance is going to be our downfall >> there's no doubt that boeing is going to have to do a lot to restore confidence. >> and i think we may have more insight on why they forced out their ceo because the company was most likely aware of some of the culture that existed. >> thank you very much for the update sticking with boeing, iran's aviation authority wrapping up a news conference earlier this morning surrounding the 737-800 jet, arguing the plane was not hit by a missile iran authorities adding the u.s. and other countries need to send over whatever information they have surrounding the crash and that any analysis done before the black box data is reviewed is not valid

now, this is iran's state media, says authorities have invited boeing to make a investigation into the crash other parties are expected to participate as well. we are getting new video appearing to show the moment that ukrainian airlines jet was struck by a surface-to-air missile. "the new york times," which has determined the video shows an object exploding near where the plane stopped transmitting a signal, says the jet continued flying for several minutes and turned back toward the airport before it exploded and ultimately crashed we will update the story throughout the course of this morning as we get new details. but still the video certainly one to watch when we come back on the show, new comments from president trump casting doubt over a possible january 15th phase one trade deal signing we go to beijing for reaction. plus, this morning's stocks to watch, including shares of retailer urban outfitters down

9% you can see their premarket. and then the queen may still be seeking a solution to prince harry's desire to step back from his royal duties, but one london institution is taking matters into its own hands the picture everyone is buzzing about this morning when rlidexan rur after this jooirk i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals.

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president trump is putting confusion into the signing of the phase one trade agreement. speaking at his rally in ohio, he said the agreement could be signed shortly after the january 15th signing ceremony he previously teased. these comments come just days before the chinese delegation comes to the united states for this signing that was supposed to take place on the 15th. >> yeah, that's right, dom president trump had also said that the phase two negotiations would start right away, but that the actual deal for phase two would likely be completed after the november election. the chinese have not responded at all, either officially or on the state press, and from the chinese perspective what they know is that they are sending a delegation to the united states, to washington, the vice premier

is going to be leading the delegati delegation for some discussions ahead of the signing ceremony, which they believe is going to be on wednesday. reports are saying that it's going to take place at 11:30 a.m. at the white house. the delegation is going to include senior chinese officials from various parts of the government, including commerce, finance and agriculture. on a phase two deal, the official chinese response has been that a phase two would only begin negotiations after a little bit more time to see what the execution is going to be like for a phase one deal. and from my understanding, dom, just from discussions that i've had from various people both in and out of the government, the chinese are much less unified when it comes to a phase two deal, compared to the u.s. there are those who agree, that

actually want to have a phase two negotiation right away because these are more reform-minded people who believe that china is in need of economic reforms however, there are hardliners who say that they're disappointed that there's even been a phase one negotiation and see that as a compromise so i think it's a lot less clear from the chinese perspective how much traction a phase two would get. >> it's a huge deal with regard to what's happening with trade here you also mentioned the word unified, so i want to take your attention towards what's happening with taiwan. because taiwan is still considered part of china by china. they are having big elections this weekend what exactly can we expect out of those elections in taiwan in light of what we've seen with hong kong over the past several months >> well, so the tie juan people are going to be heading to the polls, as you said, on saturday. they are going to be voting for a new leader, as well as a new parliament and the expectation is that the

incumbent, who is anti-china, is going to win once again and have another four years so the expectation is that if that does indeed happen, that beijing is going to become much more belligerent, not only towards taiwan, but also for hong kong. and from an investor perspective, of course this is important because taiwan is a very important part of the supply chain in fact, the island is critical when it comes to, say, the supply for apple because foxconn is a taiwanese company but in terms of the longer-term issues, a lot of people think that, at least for 2020, that taiwan is going to become another flashpoint between the u.s. and china but shorter-term, it probably won't have any impact on a faphs

one signing, at least that's the expectation, because people don't see beijing getting too belligerent right away after the election. >> a lot of cross-currents for sure thank you very much for the update still on deck for the show, a stock that might need a little greasing this morning. why shares of wd-40 are dropping when "worldwide exchange" comes back after this. >> announcer: today's big number 180,000. that's how many jobs were added nuy month on average between jaarand november of last year no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99.

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welcome back to "worldwide exchange." let's get a check of some of the big stocks on the move you've got intuitive surgical that expects revenues to rise 22%. it says it sold more of its robotic devices and more surgical proceeders as well. the shares up nearly 3% in the premarket. shares of urban outfitters are lower today. the retailer reporting holiday sales fell and it also says business at urban outfitters was driven partly higher by promotions on apparel, which would put pressure on margins. and then you've got wd-40 reporting a drop in first

quarter profits and revenues, results were dragged down by 20% decline in sales from china, its second biggest market. the company says that while the quarter fell short of forecast, it still expects a solid and steady year. the shares are down 5% in the premarket. still to come on "worldwide exchange," clowns and monkeys, explosive new boeing employee memos you need to read to believe. hear how workers mocked the faa and the people who designed the now grounded model 737 max jet we'll bring u e tas yothdeil straight ahead with esri location technology, you can see what others can't. ♪ (sensei) beautiful. but support the leg! when i started cobra kai, the lack of control over my business made me a little intense.

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you can see here the dow jones opened up by another 64 points if the future gains hold, so new records possibly early in trading today. coming up, this morning's top headlines, including new video surfacing of a man believed to be carlos ghosn moments before his escape from japan. that story is more when "worldwide exchange" comes right back after this.

i can. the two words whispered at the start of every race. every new job. and attempt to parallel park. (electrical current buzzing) each new draft of every novel. (typing clicks) the finishing touch on every masterpiece. (newborn cries) it is humanity's official two-word war cry. words that move us all forward. the same two words that capital group believes have the power to improve lives. and that, for over 85 years, have inspired us to help people achieve their financial goals.

talk to your advisor or consultant for investment risks and information. stocks look poised to push further into record territory as the dow eyes the 29,000 mark boeing facing fresh backlash following the release of employee memos on the 737 max, claiming the grounded jet was designed by clowns and a piece of cinema and automotive history hitting the auction block. you can see there what a great-looking car. we are getting revved up as "worldwide exchange" rolls on. welcome back and happy friday i'm dominic chu in for brian sullivan lets get a check on headlines.

good morning, frances. >> good morning. the house has passed a new war powers resolution meant to limit president trump's military actions against iran the vote was largely along party lines with eight democrats voting against the measure and three republicans voting for it. last night at his major rally of the year in toledo, ohio, president trump blasted the vote and attacked house speaker nancy pelosi as, quote, not operating with a full deck and defended his decision to launch the air strike that killed general soleimani as necessary american firefighters received a standing ovation as they arrived in sydney, australia to help batt battle bushfires that are burning through the country. and cheetos has announced a new snack. it's hitting shelves nationwide on january 13th.

it comes just in time to turn the resolutions around if you want to get healthy. >> i love a good popcorn thank you very much. we appreciate it here's how stock futures are looking through the 5:00 a.m. eastern time hour. all the averages coming off fresh record closes. the dow is now within striking distance of the 29,000 mark. investors can partly thank apple for a big part of the dow move higher the stock coming off an all-time record close yesterday, set to add again to those gains today we also want to bring your attention to another area of the market now, after outperforming large caps for a good month before christmas, the rally in small caps has lost a little bit of steam ever since christmas eve yesterday the small cap russell 2000 rose just 8 basis points versus the large cap s&p 100 which is up more than three-quarters of one percent. that's a noticeable

underperformance for the russell small cap index overall. and if you're looking for another number, apple is now worth $1.4 trillion. let's check on the asian markets as well. you can see the japan index closed up by about a half a percent overnight. the shanghai composite just slightly lower on the day. let's see what's happening with the early trade in europe. mostly green on the screen there. you can see the german leading the way higher, is ftse slightly higher and they've lost a little bit of steam let's get a look at some of the other top stories we're following. new security camera footage has emerged allegedly showing carlos ghosn in the streets of japan before his escape to lebanon now, the video which was obtained by japanese news agency nhk shows a person who looks like ghosn walking on a street

near his home. nhk says japanese police are looking at the possibility ghosn may have used side streets to avoid being detected before his escape cnbc has not confirmed the authorant advertise tee of the video. still an interesting look at the carlos ghosn saga. shares of grubhub are under pressure after the company denied reports that it is considering strategic options, including a potential sale the "new york post" says executives from walmart and at least three others have considered buying the food delivery company in a statement to cnbc, grubhub said in part this is in no process in place to sell the suspect and there are currently no plans to. >> boeing has released memos of what it calls embarrassing internal communications. the memos showing employees

mocking federal regulators with one commenting, quote, this airline is designed by clowns, who are in turn supervised by monkeys, end quote the message also shows employees campaigning about relaxed standards for the now-grounded jet. boeing says the messages do not reflect the company, calling them completely unacceptable joining me, our own phil lebaue. were you as shocked as we all were about some of the language in there >> shocked, but not entirely surprised. any time you have a company as large as boeing, you are going to have some emails, some messages from employees where they either speak to a regularity or they speak to others in the company in a fashion that you look at and you go, what are you thinking? did you really put this into an email? did you not think that somebody might some day see this?

but these messages that have been released, there's more than 100 pages of them, there are a couple of things that stand out. the first one that stands out is just how intense some of the technical pilots, as well as the engineers at boeing were to keep the 737 max from being certified with the requirement of simulator training and that's important, dom, because all along, what boeing said as they were developing the max is it would not cost airlines any more to put pilots back into simulator training that's the first thing the second thing is the language that you mentioned there is one where they referred to some of the regulators as clowns or who designed this plane. it's stuff like that that people will look at, with these messages, and they'll say, okay, this gets to the arrogance that many people believe is at the heart of the problems for boeing

as they were developing this plane. >> so as we talk about the notion here that we have these ongoing concerns, what exactly will be the critical next steps that the current new head of boeing and the board have to take with regard to making sure that some of these pr issues are resolved and people feel good about flying the plane >> right well, they're already doing that boeing realizing how damagin these emails are and i think part of the reason for the release is, one, these messages were already out and sent to regulators and lawmakers back in december so it was only a matter of time until some of these would leak out. and dave calhoun starts as the new ceo on monday. look at this as part of a flush out of as much bad news as possible, because one of the mandates that dave calhoun will come in with, is get rid of the arrogance. the days of boeing calling the shots, so to speak, which is the

perception on capitol hill, those days are over. and you'll see that message hit home hard by dave calhoun and he's already doing that as he's working with some of the other executives in the company. i think that you will see more of this -- maybe not a big trove of emails that are going to be released, but i think as much as possible, they want to get all of these damaging communications out of the way. >> stick around for a second as well we're also following some new developments in the deadly crash involving a ukrainian airliner in iran. this morning iran is inviting boeing, which manufactured that plane, to investigate the crash. meanwhile, leaders are denying accusations by the u.s., canada and the u.k. that the plane was brought down by an iranian missile strike leaders there are calling on the u.s. and canada to share any information they have on the crash. now, this as "the new york times" has released new video appearing to show the moment, as

you can see there, that ukrainian airlines jet was actually struck. now, the time says the video shows an object exploding near where the plane stopped transmitting a signal. the paper says the jet continued flying for several minutes and then turned back toward the airport where it ultimately exploded and then crash. so phil, you've had a chance to kind of read some of the documentation and see the video. what do you think? >> well, what i think is that the satellite data, i think the evidence, i think the communications data and nbc news sites that you see the canadians refer to, you see the u.s. refer to, the brits are said they have seen this as well. i think all of that combined makes it pretty clear that you had a missile strike here, unintentional, but a missile strike nonetheless, that happened early in the morning on wednesday in tehran as this ukrainian airlines plane was

taking off do i expect the iranians to come around immediately and admit that this was an unintentional missile strike on this plane no, i don't. because i think you can look at the situation, geopolitical situation and it's just not going to happen. but based on everything that i've seen, based on the information, based on the satellite data, planes just don't stop communicating 100%. there was no gps, no data, everything stopped all at once that doesn't happen with a mechanical failure it happens when something like an explosion or a missile strike happens on an aircraft >> for sure, some important details that have yet to be revealed that investigation will be ongoing. we'll bring you more details as we know more coming up on the show, the drama over prince harry and meghan markle's decision to step back from the royal family is taking a new twist

plus break out the checkbook, we're talking about the head of the auction house handling what could be the historic sale of an iconic ford mustang. "worldwide exchange" is back in just a moment. luride, the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. but how do i know if i'm i'm getting a good deal? i tell truecar my zip

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we're going to channel some of our inner clint eastwood for the good, bad and ugly let's check on some stocks on the move you've got moderna higher after they reported positive results after a phase one trial for the experimental vaccine for a virus that women can pass to their babies during pregnancy. they say cnb is the most common infectious disease for birth defects. stocks are up 20%. kb homes, revenues just missed average selling prices fell and it saw an impact from the california wildfires the company says it didn't lose

any buyers or homes, but the fires affected closing time for many of the sales, so off 2% right now. and then you've got the ugly, portola pharmaceuticals tanking. the company says preliminary revenues from its drug rose over the year for the year over year but was down from the previous quarter. shares with off 35%. let's find out what else you'll be talking about later on today. time for today's top trending stories. we turn to frank holland. >> we're going to start off with the royal family prince harry and meghan markle's decision to take a step back from royal duties has been polarizing the gm of the museum says meghan and harry will no longer appear in the family set.

they tweeted an updated display featuring where they used to be. that's what they used to look like before they were taken out of the display certainly a controversial decision taco bell is looking to win over new talent by putting its money where its mouth is the company is to begin testing a new 100,000 salary it says all employees will be eligible for at least 24 hours of paid sick time every year the company says the new policy is to boost restaurant performance and employee satisfaction >> great thank you. so a mustang is about to make history the 1968 mustang gt is actually one of the only two cars built for the steve mcqueen classic action film "bullet" and was believed to be destroyed more than 40 years ago. now the car is about to hit the

auction block. it could set the record for most valuable mustang ever sold at auction, beating the record set last year for a 1967 shelby gt 500 which sold for $2.2 million. joining us car auction ceo i've got to tell you, everyone who looks at mustangs is sal vating over this take us through the history. how do we know it's that car and what do you expect out of this auction? >> good morning from day nine at the collector auction here at mecum auctions probably going to be one of the most exciting days because of a very special 1968 mustang that will be offered about midafternoon this afternoon, as everyone knows "bullet". this car, the ownership for this car, it is the iconic american

muscle car it's the most iconic chase car, it's the most iconic movie car that's ever been it's driven by steve mcqueen in the movie and owned by the same family now since 1974. it checks all of the boxes for something that's going to be a real special moment on our auction this afternoon. >> so take us through some of the kind of particulars. who do you expect to be there, who are the types of people who will be bidding on this, and what exactly do you expect kind of the buzz to be around what would people be talking about with the car, aside from the fact that it was from that great steve mcqueen film. >> i think the fact that the family has brought this car to us and they've owned this car since 1974, the car has all the documentation that its supposed to have. there's a letter of authenticity from warner brothers studios indicating that this was the hero car, this was the car that

was driven by steve mcqueen in the movie. it's very interesting, there's actually a letter from steve mcqueen to robert kiernan asking to buy the car back so he can keep it in the mcqueen family. so everything that's displayed with the car here indicates that this is probably one of the most special not only movie cars in american history, but one of the most special american muscle cars in history as well. the kiernan family, there's an interesting story behind this. robert keern kiernan, shawn's father, bought in far in 1974 from the ad in the back of a magazine, a very small ad. he bought the car for $4,000 and shawn's mother actually drove the car as her everyday driver for a number of years before the car was put away and not seen again until 2018 when

shawn brought the car out and displayed it to the public so this is just -- this is everything it needs to be. >> that certainly must have been a sight to see that car hitting the rode and driving on the streets. the bullet celebrated its 50th anniversary in 2018. does that help build more excitement for this auction? >> it does, but i think it probably, in my mind, works the other way. shawn worked with ford and allowed them to display the original bullet with the launch of the new bullet in 2018, the ford launch of that new vehicle. and i think it probably works the other way where the original bullet helped with the launch and sale of the new bullet but certainly even though the movie was 1968, everybody from my age to 20 years old remembers that movie, remembers that chase scene, remembers steve mcqueen

in that movie. so the thing about this vehicle is at our auctions, typically we're looking at customers that are very intense car hobbyists this car actually will have appeal to movie people, it's going to have appeal to car people, it has appeal to a ameri and we're seeing interest from all over the world. >> you're preaching to the choir and talking to a couple of ford mustang guys here to begin with. it's not the only ford that's going up for sale. take us through some of the other cars as well >> well, we pride ourselves to be the collector car auction company for everyone so we have every make, every model, every brand, every color, and for every size pocket book so just in the ford lineup we have another car that will cross the block this weekend, elenor,

the nicholas cage car, we have ford gts from 2005 and 2006. there's a brand new ford gt crossing the block this year, the new release of the ford gts in 2017, 2018. we have quite a collection of american muscle cars there's a huge collection of iconic race cars highlighted by challenger 2. if you're not familiar with challenger 2, a beautiful car that still holds the land speed record for a piston driven car at 447 miles an hour and that car is going to cross the block tomorrow afternoon a little bit slower than that, but the original driver of that car is going to be the person that drives the car across the block. >> it's going to be a fantastic weekend. thank you very much for the preview of what's going to be a

very big day for classic car collectors thank you very much for joining us this morning. >> thank you coming up, president trump's new comments about the phase one trade deal raising eyebrows and questions. plus we'll tee up the trading day ahead as we await the big december jobs report, and a reminder you can always watch us live on the go on the bccn app "worldwide exchange" is back in just a bit >> announcer: does december give back november's blowout job numbers or push further ahead? today on "squawk box." here, it all starts with a simple...

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but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives. welcome back time for your executive recap. the headlines you need in 60 seconds. president trump says the phase one trade deal with china may be signed shortly after the january 15th date he previously

suggested. the president created confusion surrounding the deal while in ohio last night ahead of the chinese delegation's arrival next week. amazon is reportedly in talks to sell streaming tv ads outs of the platform the company is looking to sell ads on other streaming devices like apple tv and xbox the journal says amazon began contacting tv app owners late last year about that potential move we are just a few hours away from the release of the final jobs report for 2019 the expectations are that 160,000 jobs were added in december and that the unemployment rate will hold at a historically low 3.5%. for more on this and the trading day ahead, i'm joined by chief strategist david nelson and chief strategist drew mattis who says on that endof the table

it's amazing to have both of you guys here for what could be a very big jobs number it's a catalyst. drew, we'll start with you the economist, what are the expectations and is this a sign maybe that the job market is slowing down just a bit? >> the expectations i've seen are kind of 160-ish. i think that's low people have forgotten about the gm strike already and there's a strike that actually hurt october payrolls and boosted november payrolls and now people are expecting that we're going to come back to the october level. the october level was biased lower. so just take theaverage and move it forward would be the safer bet. so i think the number today is going to be pretty good. it's probably going to be better than expectations. and if people don't like the number they're going to point to the wages. it's all about telling the story about where the u.s. economy is. >> bureau, what kind of numbers are you expecting to see >> i would say it's going to be probably just under 200,000 and

i think the wage numbers are going to look good. >> so the labor market is tightening up. this is an economy in the u.s. that is still relatively better than many other places around the world and the stock market reflects that. rightfully so? >> yeah, sure it is. look around the world. the united states is certainly the most dynamic market in the world today. to drew's point, i would take the other side of that i think we're kind of late in the cycle on jobs. it's not going to surprised me if we start to slow down where i'm going to look if there's going to be a ripple in the economy is probably the claims numbers that happen on thursday every thursday we get those. that's likely where we're going to find, you know, where the economy is rolling over at some point. if we start to see that number rise, that tells me there's something wrong. but for right now, like drew says, it's good numbers and we're a consumer-based economy you've got to have a job to have a strong spending economy. >> what about those wage numbers that drew was referring to >> they're certainly important look, for the last decade

americans hadn't had a raise and in recent months, in fact over the last year, wages have been climbing it's reflected in the consumer numbers. we saw manufacturing rollover this year, but that's largely a trade dynamic. i think those numbers will improve once the trade deal is signed and let's look what the pmi numbers say three, four months from now. >> many of us in the news were referring to some of the ism on the manufacturing side of things not just in the u.s., but globally, that showed signs of starting to tail off is it fair to say that those have turned around now or is there still reason to be a little more cautious about manufacturing, not just here, but around the globe >> manufacturing sector is still a little weak. but to david's point, until you see claims rollover, the economy is not going to rollover if the consumer holds in, whatever else happens pretty much is immaterial

and we have a strong consumer that has a great balance sheet and at of savings. we're beginning to see what looks like solid wage gains. companies are having to pay for talent and i think that's going to translate to an environment where in the absence of layoffs, people are going to spend money. >> this idea now that the economy is in a good place is what is underpinning the market moves right now. >> we need more than that. we certainly need more than that we can't have another leg higher on multiple expansion like we had last year. investors want some food on their plate. right now you've got earnings expectations, i think we've got 177 we're looking for in 2020. that's 9%, 10% growth. but tell me where interest rates are going to be four, six months from now that weighs on the moult pole as well we can sustain higher interest rates but only if it follows. >> what is the big thing beyond this jobs number going into this

year that you're watching for? >> productivity. if you get productivity, firms can maintain margins, expand margins, and you'll get those earnings. >> the elephant in the room. >> the election drew mattis, david nelson, thank you very much on this big jobs friday that does it for "worldwide exchange." "squawk box" starts right now. >> good morning, dow 29,000 within spitting distance really close. >> it got close yesterday and the futures suggest we will go above it, at least at the open. >> explosive internal memos, boeing employees mocking safety regulators and calling designers clowns who were supervised by monkeys. >> plus new details on carlos ghosn's great escape we're getting new video of a man believed to be the former nissan boss moments before his escape from japan it's riday, january 10th, 2020 and "squawk box" begins right

now. good morning, everyone welcome to "squawk box" here, live from the nasdaq market in times square let's take a look at the u.s. equity futures at this hour. yesterday all three of the major archlgs setting record highs dow was up by over 200 points. this morning, dow indicated up another 60 points and it looks like the s&p would be about 8 points nasdaq up by 35 points this comes as the nasdaq is on track for its fifth consecutive week of gains. the s&p on pace for its sixth weekly gain out of the last seven weeks. this continued move higher, we'll continue to watch it this morning. we have the big jobs report coming up as well. also, take a look at treasury yields. right now the ten-year looks like it'