it is 5:00 a.m. at cnbc. here is the top five at 5:00 astrazeneca updating the vaccine trial information after backlash it is taking down some of the numbers. the main numbers remain strong still stuck. traffic piling up on both sides of the suez canal. putting the growth supply chain at risk. tech under fire as zuckerberg and dorsey and others head back to the hill. talking about disinformation and lies on social media

singling out spacs regulators are honing in on the rising risks to you. could this be peak itcoin? looking to start its over cryptocurrency etf it is thursday, march 25th this is "worldwide exchange. ♪ ♪ good morning good afternoon good evening welcome wherever in the world you are watching i'm brian sullivan here is how your money and global markets are setting up for thursday it is early. futures could turn around. we say that all the time light volume et cetera, et cetera dow futures upt81

the major averages coming off lower sessions nasdaq hit in late-day trading following another 2% that is two down days in a row something to watch apple, amazon, tesla the names you know well up over a year. watch the recent move and see if the rotation from tech or growth to value rolls on. there is no big move in yields which had been a mover ten-year yield at 1.62%. oil is down from the overnight high still above $60 a barrel here. traders closely watching that situation in the suez with fears over renewed demand slowdown you have supply issues with the blockage of the ship in fact, we will get more on where exactly that stands in a couple of minutes. here is a hint it hasn't gone very far. literally. around the world, mixed

picture in asia. china fell, but look at japan. nikkei up another 1% it is red hot. if you are not paying attention and maybe areyou are not paying attention to the nikkei. the nikkei is up 30% in a year who would have thought nikkei europe is getting the trading day started. mostly lower not a lot of losses. italy is up a bit. as always, we get more on your money throughout the show. right now, breaking news with w we start off with this astrazeneca is lowering the efficacy data on the candidate a bit. this is after the wave of accuracy over the preliminary report which was released on monday the company now says the vaccine is 76% in protecting against asymptomatic cases, not 79%.

not a big move while that was lowered, symptomatic cases, the news, otherwise, is very quite good. the updated report maintains that the astrazeneca vaccine is 100% effective against severe disease and hospitalizations that's right 100% that's all the percent complete protection against severe disease or hospitalization. any doctor or expert will tell you that's what matters. not getting covid and not nk knowing it the vaccine is more effective than previously thought in patients over 65 years old with the efficacy rate of 85% for that population. a revision

lowering on the symptomatic numbers will get the headlines that's not the news. the news severe infection, illness, high risk population. markets sending astrazeneca stock up we will get more with meg tirrell on this news. now to more breaking news this morning that is the continued blockage of the suez canal. the shipping route still stuck after 24 hours running aground from the ship. traffic in the suez, accounting for 30% of the world's shipping container volume and about 12% of global trade from oil, gas and other goods, remains blocked in both directions there are now at last count about 200 ships at anchor waiting to enter the canal there is the live map.

all of the blinking dots are ships sitting stuck. accordingly to the suez canal authority, low tides are preventing ship from being dislodged. it ran aground due to high winds. again, more on this story throughout the hour. let's pivot. technology ceos coming under fire in washington today heads of facebook, twitter and alphabet will testify before the sub committee on misinformation and disinformation on their sites. it is the first time that mark zuckerberg, jack dorsey and sundar patchai will appear since president trump was booted from the platforms. and they will talk about the section 230. making these companies non

publishers you can say what you want whether it is true or not and it is not their issue he's calling for a tweaking of it rather than a full appeal you might have seen the ads in their full-court press and pr lately let's talk more about this with the head of the research at global data. cyrus, it is great to talk with you. there will be unusual questions from congress. maybe off topic questions, i'm guessing do you expect there will be any change after all this is done and will anything with altered on their platforms >> i think we had a number of hearings now and both sides of the atlantic and europe and u.s. nothing major has been done by the authorities. i think each time the stakes get high are and the heat gets higher last time or a few times earlier, congress wasn't ready

the tech companies were able to dazzle them with algorithms and such like that this time could be different there are two key questions i hope this hearing will answer. the first is do we want the internet to be regulated by a handful of technology companies with the algorithms or formally regulated by the government and elected government the second is, are these social media platforms -- >> what is your answer to that cyrus, what is the answer? >> i'm an analyst. i like to predict. my personal prediction is that in time governments will be forced to regulate you cannot have election manipulation or a global pandemic with too many anti-vaxxers you have to address the issues of misinformation. government regulation is inevitable it is a question of how they do

it it is a number of ways they could do it. the obvious solution is to break up big tech. that's what government authorities always look at first when they see a big company. that's not necessarily the right answer that's an old-world remedy to a new-world problem. the answer is tackle how these companies control and manipulate data that can be tackled by a number of ways. you could revoke section 230 as you mentioned which would allow anyone to sue facebook or twitter or google for misinformation they spread for example. >> -- cyrus, let me jump in here when section 230 was debated it is about free speech. we get it. it is about free speech in a lot of ways. let's be clear, these platforms,

not my opinion, it is widely available and can be manipulated. to your point on vaccines. i saw data the other day five accounts accounted for 15% of all global vaccine misinformation or disinformation you or i could pay a troll farm somewhere in the world $2,000 and probably get a topic trending on twitter. that's not free speech that is all done under anonymous accounts some people managing hundreds of accounts each. there is an area to fix here, is there not? that might be good for the companies. >> i think there is. i think the major problem is social media platforms are not just places to say hi to your friends, but it is where you get the news a lot of populations get news from facebook, twitter and google the problem is lack of accountability for the tech platforms. they are not libel for any liability if they publish misinformation there is a lack of oversight on

the algorithms nobody knows what the algorithms do there is a lack of data government rule. you can't just leave facebook or take your data off facebook. these are the areas regulators will inevitably tackle one day it is a question how fast congress wants to move. >> yeah. we'll see if there is a lot of talk or tough talk or questions and then not a lot of action it is a new administration and some new people in charge. we will see. cyrus, we will see thank you for coming on. >> thank you all right. when we come back here on "worldwide exchange" because we are just getting started why shares of rite aid are down 16%. no one is buying theraflu. and more on the astrazeneca covid vaccine update

an update from temeg tirrell an how to read the changes. and taking on the shrimp scandal. yes, shrimp-gate the ceo responding to a social media post about a shrimp or shrimps inside a cereal box. huh? we're back after this.

all right. time for the big money movers. are you ready? stock number one is kb home. first quarter profit beating forecast shares are down 3% revenue coming in shy of the bullish estimates as the housing market remains red hot stock number two in the opposite direction. rite aid down 16% drug store chain cutting guidance for the year. the pbottom line was hit by a soft cold and flu season there has been no flu season a lot of people say it is always because of distancing and masks. doctors and researchers are wonder there is zero flu season not just in the united states, anywhere in the world. it is dramatic it is hitting the bottom line. stock number three rh

formerly known as restoration hardware demanded has been picking up sharply. rh ceo gary friedman will be on "mad money" tonight. months long weiait if you want e couches. and still on deck. female empowerment and breaking barriers how one financial technology ceo is looking to reshape an entire industry l business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business.

i've loved trucks since i was a little girl, and now i get to drive the biggest, coolest trucks there are on the road. on my routes on a daily basis i might have 1,100 to 1,400 stops which to me that's 1,100 opportunities to connect with my customers. everyday is another chance to bring a smile to someone's face, and that's what makes me excited about tomorrow.

what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. lately, it's been hard to think about the future. but thinking about the future, fois human nature.. at edward jones, our 19,000 financial advisors create personalized investment strategies to help you get back to your future.

edward jones. all right man welcome back now to the vaccine update. maybe the most important story in america and the world right now. making steps to try to end the pandemic and lockdown. the latest -- cnbc and cdc whatever cdc data 85.4 million americans have had at least one shot. 44% of those in the highest risk category, those over 65 years old, are fully vaccinated. 70% of those with at least one dose higher in many states. despite concerns of variants and spring breakers, the actual data in the facts have been favorable. according to the new york times, average case down is down 7%

florida has seen a drop. including the most important states of all and stats. 14% drop in hospitalizations 51% drop in fatalities. don't focus on it will take how many months to get back to normal this is important. the cdc estimated a few months ago 80 million americans may have been exposed and generated some immunity. when you combine those vaccinated with those who have had and recovered from covid, you know that immunity concept that everybody talks about, dr. scott gottlieb for one, now many others saying this is reason for optimism in the difficult times. march is women's history month. we are spotlighting cnbc contributors and friends

here is adviser tiffany mccgee with her advice. >> my advice to corporate america is be purposeful and create space for women to succeed. make sure your culture is inclusive. make sure we are in the boardroom. women are working hard to succeed. it is time for corporations this is a two-way street. all right. joining us now is somebody who embodies that spirit and more. the founder and ceo of unes. founder of the company and one of the investment news 40 under 40 good morning thanks for joining us. you are making me feel old we talk about how female founders have to work harder to get where they are i want to point out you are live

in los angeles, are you not? >> yes, that's right it is 2:00 a.m live from l.a. good morning >> live from -- i don't know if it is good morning or good evening. we appreciate it by the way, you are embodying what you are talking about working and scrapping harder sacrificing sleep. i have kids. i have 529 plans they are difficult to navigate there are 50 or more actually to choose tell us about unest and how you make this weird college savings process easier >> sure. basically, unes. it is an app that provides parents to safe for their kids and save in a good way we like to be holistic financial

solution for parents that starts at the moment the child is born and works through the life stages we are inclusive we make information available for all income levels and backgrounds. what is interesting -- >> what do you do to cut through the noise? how do you make it easier? what does it cost? who are your partners? >> great question. first of all, it takes five minutes to create the account. everything is managed from the app. no paper work. you don't have to pick and choose out of 50 states. we also offer a very simple diffe gifting feature. your family and friends can contribute to the account with a share building you don't have to download the

app to give. the other thing we offer is access to the partners and every time parents shop, they actually get financial rewards in the unest accounts that can be $5 to $100 brian, like another interesting point, you mentioned 529 plans i would like to kind of tell you about the company's story and transition that you made during the pandemic that is relevant to the 529. if you actually started unest as a 529 solution and what you realize is during the pandemic that it is not the best solution for us especially with education online a lot of parents were concerned that the cost of education is not sustainable.

people start prioritizing. we start getting question s abou what happened if my child doesn't do to school or gets scholarship or financial aid there was a huge demand for flexibility. with we decided to transition from 529 to another solution for parents called utma. >> the founder of the fintech company helping navigate the 529 plans. you are in the office at 2:30 in the morning. working hard and rooting for the company. thanks forg getting up and bein here with us on cnbc take care. >> thank you >> i was looking to see if

anybody else was in the office. ahead, spac-ulation. why the s.e.c. is looking at the growing craze. and pressure on the social media companies on anti-vaxxers? what to do about the outright lies on facebook and twitter is it a lot of noise and if you have not already subs subscribed, it is called "worldwide exchange" on apple and stither and spotify. dow futures up 72. we're back after this. with a bang, energy

and change came to every part of our universe. seismic or small, it continues. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business.

astrazeneca changing its vaccine results. the headlines may not be all they appear. we'll give you the real news and what matters to you. stuck in the suez. the container ship snarling traffic in the heavily traveled waterway what happens to the stuff you're waiting on and oil and the shrimp scandal the ceo of general mills addressing the social media post that made headlines of shrimp inside of cereal shrimp-gate. thursday, march 25th this is "worldwide exchange" here on cnbc

♪ welcome back it is 5:30 if you are here on the east coast i'm brian. here is how your money and investments look halfway through the 5:00 a.m. hour stock futures in the green not exactly getting back what we lost yesterday remember, a late day sell in technology something to watch apple, amazon, tesla, the big names driving the market, have been getting hit in later hours of the markets something to watch we are higher. this boring old return to value. jeff will be here to talk about it names you don't think are sexy, but making money is. we will talk about that continued rotation let's get some of the other top corporate news headlines what is moving the markets

today? we go to bertha coombs be bertha, good morning >> reporter: good morning, brian. s.e.c. is opening an inquiry into the spac frenzy reuters said the securities regulator sent letters to wall street banks for information on the blank check dealing and information on how underwriters are manage the risks. general mills ceo speaking out saying his company takes food safety seriously. comments coming after a customer claims he found shrimp tails in his cereal here is the closing bell ex response yesterday. >> we take food safety seriously at general mills this is highly unlikely this occurred at a general mills facility we are trying to see what

happened when it left our docks and he opened it we hope to have more to share at later date we are trying to figure out what happened and where >> reporter: and social media groups coming under pressure to put an end to vaccine misinformation research from the center for accounting for digital hate. 2/3 of the vaccine content the group is calling on facebook and google and twitter to ban the dozen voices which include robert f. kennedy jr brian, back to you. >> wow 12 dictating that dialogue sounds interesting bertha coombs. thank you. let's get back to the top breaking news on the vaccine front. astrazeneca issuing an update for the phase three u.s. trial for the covid vaccine. this after facing criticism for using out dated data in the

preliminary report on monday the headlines will say the efficacy for asymptomatic cases went down. there is more to the story who else to join us by meg tirrell. what can you tell us >> reporter: brian, we were waiting for these. we knew it would come within 48 hours. the bizarre situation overnight monday into tuesday. after we saw the better than expected phase three results from the trial in the u.s. showing 79% efficacy against asymptomatic disease we expected a big difference and what we see is not a big difference 76% vaccine efficacy is now the top line number of symptomatic covid. that is three points lower from monday efficacy against severe disease did not change at all. 100% now there are eight severe cases

in the trials strengthening the finding. efficacy in people over 65 went up five points to 85% from 80% there were 49 more cases overall in the trial monday. the monday information they used was based on the interim analysis, with the cutoff of february 17th. that was more than a month ago that is a longer time than the vaccine trials which are moving quickly. the fact that the safety monitoring board felt astrazeneca used the outdated information is a head scratcher, brian. the numbers did not change that much >> okay. dive into this you know, you said it. the people you talked to and the people i listen to on cnbc they say it isone thing to get covid. you and i probably know -- i know a ton of people who had

covid and thank goodness all of them are okay. what we don't want is for them to end up in the hospital or worse. it looks to me when somebody says this is 100% effective against making sure you will not have a really bad case or die, especially if you are older, that seems like exceptionally positive news. am i misreading this >> reporter: that is positive news every expert says this prevents hospitalizations or death. >> i don't want to die >> reporter: me either, brian. that is important news the communications are a head scratcher. they have a lot of experts wondering if something else's was going on behind the scenes we don't have all of the information about exactly what triggered the oversight board to do this. the good news is here in the united states when the company files for fda authorization, all of the data get made public and

the analysis is published. within a month or less, we get to see that potentially. >> well, unfortunately, meg, as you know, vaccines and really this whole damn thing, to be blunt, is politicpoliticized. these are just numbers the process is good, but overall, on a vaccine that is from what i understand is cheap to make and easy to store and easy to move, this could be good news for the world as we have an oversupply soon. poorer nations, this would be a game changer for them. >> reporter: yes that's why this is seen as an important vaccine and important news this is seen by many to be one of the key vaccines to protect the world. they plan to make 3 billion doses if they can. it is storable in the fridge sold at non-profits. it is not so important for the

united states because we have three other vaccines trust in the vaccine is important for getting the world out of the pandemic. >> meg tirrell with the breaking news on astrazeneca. shares are slightly higher meg, we will hear you here on cnbc meg, take care thank you. all right. back to the markets. rising rates interest rates taking center stage on wall street lately. they go up technology, not always, likely goes down. high valuation names it could be very good for one beaten up sector that is the banks and financials up 12% this year after a lost 2020 for many times. where do we go from here rbc capital markets and analyst gerard cassidy good to chat with you again. rates stabilized i don't want to make mention of 1.6. it is not 0.5.

with bank deposits up and stimulus checks on the way, is it all systems do to owning bank equity >> brian, thank you. the answer is yes to that question he because the banks are positioned very well to capture the growth of the economy. you heard the federal reserve come out talking about 6% real growth as you pointed out in the opening comments, the steep eveesteepening of the yield curve you might recall the banks built up the reserves and the losses never materialized they are expected to release that and drive aearnings in the first quarter when they release the numbers in april >> does the benefit banks more deposit base the boring banks, gerard, they are collecting deposits and making loans or does it benefit

goldman sachs with trading businesses and other complicated things >> that's a good question. in banking, boring is a compliment you will see the banks that take in the deposits are the biggest benefi beneficiaries. dp goldman sachs and morgan stanley will be difficult with the activity from last year. taking in the chief deposits is the business that will benefit from the deepening of the curve and the fed will have to raise short-term rates if it is an issue next year. that is the net interest margin which is a gross profit margin will rise. >> any banks that you like better than others, gerard >> brian, the ones i think will do best of what we call the

so-called asset banks. they benefit more as rates go up sitting at the top of the list is bank of america the asset sensitive banks. as you know, one of the biggest banks in the united states dominant consumer lender as well as small business learnnder you have 5th/3rd and truist and pnc. the banks are positioned well. they are up, as you appopoint o, t out, the valuations are not too high from back in 2017 and 2018. >> bank of america getting a lot of love. i believe cramer talked about that gerard cassidy likes it as well. thank you. we appreciate you coming on "worldwide exchange. thank you. >> take care, brian. all right. coming up, we asked. you responded. what you, the viewers, are

saying about vaccine passports and you view them as a ticket to return to normal. and stuck in the suez. the latest on the developing situation in the middle east and potential impact on oil and global supply lines. we are back with an update on that next.

the world around you may seem like an immovable, implacable place. it is not. it can be bright. quiet. and safe. it's a change that will be felt from this street. to this street. to no street. and everywhere in between. all it takes is the slightest push in just the right place and that will be the tipping point that changes everything. ♪ ♪ and that will be the tipping point that changes everything. ♪ ♪ ♪ ♪ ♪

cisco. the bridge to possible. time now for the morning rbi. the most random but interesting

things has something to do with what we talked about on the show yesterday. vaccine passports. the idea you might have to have a document or digital record to get somewhere or on somewhere to prove you are not a risk to someone else the idea is gaining traction and a lot of privacy concern you can't force medical records to be exposed. it has huge legal protections. it is your information so we just wanted to ask you what you think about the idea of a vaccine passport. we have a poll do you support the idea? yes, including all yes, but only with a card. no scans or eyes or whatever no, too many privacy issues. or i'm not getting vaccinated anyway you have spoken.

it is a complete mix 2/3 of you are in the yes camp in some form yeah 26% and 31%. another 35% who says no. too many concerns with privacy 6% say you are not getting vaccinated i guess that's good news polls have shown 30% of people said they will not or are not interested in getting vaccinated vaccine passports. you have spoken. random, but interesting. no doubt, something you will hear more about, trust us, in the coming weeks and months to come i'm looking at you, sports teams. all right. now to the continuing story out the suez and the ever given container ship blocking the canal. as many as 200 ships are waiting

to enter the suez. tug boats and bulldozers are working hard to dislodged the ship which got stuck sideways after blown by high winds. the ongoing shutdown could lead to supply chain disruption around the world look at the map and the log jam. all the blue dots at the bottom are ships at anchor. with us to talk about this is peter sand the world's largest shipping association. his membership accounts for 2/3 of the world's tonnage peter, you know this is a heck of a situation nobody thought it could happen it did how does it end? how much of a disruption to oil and supply chain markets are we likely to see if at all? >> absolutely going to see disruption across the board. the longer this is going to

last, the more disruption we will see we will see that not only in terms of container shipping supply chains which is the headline right now, but obviously for grain and bulk carriers and for petroleum products this is a shipping chokepoint. having that area clogged up is making a bad day worse for importers around the globe >> we don't know how long it will last. hopefully, it could be resolved today, peter they are working hard. 20,000 containers, one of the biggest ships of its kind. ship owners and charters have two options. sit and wait and hope it opens deal with the backlog and get through or say forget it let's take a what? three-to-four week long trip around the point of the tip of africa what are they choosing to do

>> everyone is making contingency plans as we speak. not only one or two or three fortunately taking that round trip around the south of africa takes five to ten days depending on the ship and speed. and obviously, as uncertainty is thick at this point in time. the line keeps getting longer. people are expecting this to be cleared sooner rather than later. we will soon start to see around the cape of good hope for key cargo that otherwise would be a shortage in its receiving area in northern and southern europe. >> yeah. i was referring, of course, to the long lost sailing yacht of old. i'll dig myself out of that hole it is not as long as i thought i guess they have gotten more efficient, peter do we have any idea what

happened here? i understand these big box ships can be big sails with a huge side wind. they are squared off they are not aerodynamic i'll not say it. the ship took a rather cir circuitous route is there any hacking these are all computer controlled >> i think the jury is out on what happened exactly. we know of the suggestions from the massive and heavy wind gusts blowing it off course to a blackout of the ship if anything like that happens in the canal, something like this could occur. we know it happens every now and then it is only been two years since the previous incident and two years before that, we had a

small incident it was cleared quickly right now, she is really stuck those stretches are working intensely to remove sand underneath her keel to get the gridlock out >> quickly you know, a lot of ships go through and don't have problems. i'll leave my viewers to do research on what i refer to, peter. will they have -- can they unload the ship there? can they lighten if they had to? >> if they had to, they can do so that will be the last resort, i would guess, simply because of the tricky part of that. fingers crossed. they will be able to refloat her using the techniques they are applying it will take time. >> got it. peter sand getting a lot of attention unusual situation in the suez. peter, thank you. thank you.

>> on deck why boring is the new sexy why we are not just talking about him. dow tus fureare up 84. stick around

and free, and free, and free, and free, and free. not a better and free! free down, free down. hit free here, free where there. down a free free down a free free here. not a better and free. make it at free. hit free here, where a free there. no no no, free, free. make it at free. free! that's right, turbotax free edition is free. free, free free free.

welcome back to "worldwide exchange." good morning we are approaching 6:00 on the east coast of here is a look at what to watch. 8:30 a.m., the weekly jobless claims numbers expected to drop from the previous week. watch bitcoin. fidelity unveiling plans to launch an etf to track the price of cryptocurrency. it still needs s.e.c. approval. mark zuckerberg and sundar patchai and jack dorsey will appear on capitol hill

the topic? disinformation and lies on the online platforms markets now. do you futures are down this morning. we have jeff with us this morning. i tried to give you a compliment as we head into the break. the reality is technology names yesterday, late day, sell off. rotation is 3m a better stock than apple right now? just as an example >> i'll not go on the limb and say that, sully. i know one of your favorite songs is justin timberlake's "bring sexy back." we saw the boring back now a name like 3m and dow che chemicals. as boring as they are, they are up on 10% year to date these are the names you are seeing rotation.

as i'm a manager of the essential 40 portfolio, we believe in essential names we deem critical to the economy and american way of life what will happen with infrastructure spending? we get excited about the really boring names >> okay. i can't stop the feeling of whether or not -- >> wow >> -- this is just a temporary rotation because what makes these industrials attractive it cannot be interest rates are there they are is it a global inflation trade is 3m or caterpillar reopening stock? what makes them attractive >> let's go back to the 1980s. this is peter lynch 2.0. these are stocks the u.s. economy will gravitate toward. the sentiment has changed. we go back to 2019 and 2020. we are not walking away from

technology we saw on facebook and the fact we are seeing the rotation in the initial couple innings, i think there is a lot of runway here you will see the assets. they have been desensitized, but they want to own stocks and be in the portfolio we saw some of the names get thrown out in 2020 that's why they are coming back. the doc martens are back, sully. >> 20 seconds. short-term trade on oil stocks based on the situation in the suez a lot of crude oil is going to be stuck >> 15% of the global traffic stuck. iez. those make up 50% of the etf i like that exposure with iez.

we want to own oil exposure. >> all right all good stuff jeff, kmk financial. available for parties. jeff, we appreciate your time. good stocks to own have a good day. that does it for us here on "worldwide exchange. we will see you on a friday morning. our insider buying segment is back we'll see you tomorrow "squawk box" is next >> announcer: what to watch is sponsored by edward jones. it's time for investing to feel individual at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual.

good morning futures are pointing to a slightly higher open following the action we saw yesterday. we will show you what's moving this morning

astrazeneca's unforced error. the phase three vaccine trial data less than two days after the initial numbers questioned by u.s. officials. tweaking the numbers just a little bit it makes a difference. meg tirrell will have a breakdown. big tech at capitol hill the heads of facebook and google and twitter testify. it's thursday, march 25th, 2021. this is "squawk box. ♪ the heat is on ♪ the heat is on ♪ good morning welcome to "squawk box" here on cnbc i'm rebecca quick along with joe kernen and will frost. >> you have