it is 5:00 a.m. at cnbc global headquarters. here are your top five at five we begin with futures. they are surging as investors look to put last week's volatility and losses behind them. still picking up the rear, those stocks championed by cathie wood. we dig into the underperformance. and china responding to the diplomatic boycott of the upcoming olympics in beijing call it a dual challenge as president biden goes

face-to-face with vladimir putin later today. and elon musk on the record calling out the build back better agenda. it's tuesday, december 7th, 2021 you're watching "worldwide exchange" right here on nbc. good morning, wherever in the world you are. i'm frank holland in for brian sullivan kicking off your tuesday morning. stock futures solidly in the green. right now looking at the dow jones, it looks like it could pop as much as about 300 points at the open. s&p and nasdaq looking to open over a percent higher at the open this follows the dow's gain yesterday, its best day since march 1st and a rally that erased all of friday's losses while major averages continue their climb. certain areas of the market have a ways to go, despite more than

2% yesterday the transports and dow remain in that correction territory. outside of the stock market, oil continuing its upwards climb right now you can see right here wti up almost 3% this morning after a more than 4.5% gain yesterday. that was its best day since august natural gas also higher after a massive selloff. you see it up just about 3.5%. it was down yesterday right around 11% on reports that we might have a milder winter than expected crypto markets right now above 50,000 about 51,300 up 4.5% bitcoin remaining as volatile as the stock market in recent days. let's check overseas, julianna tatelbaum is standing by in our london news room with the early trade in europe. good morning, julianna. >> good morning, frank it is all systems go here in europe this morning.

seeing equity markets extend yesterday's gains. the benchmark gained about 1.3% yesterday breaking a two-day losing streak and today the gains continue we have the cac 40 in france up nearly 2%. up in germany nearly 2%. the coalition parties have officially signed their coalition agreement paving the way to be sworn in tomorrow. we have green across the board ftse 100 up more than 1% the swiss market lagging behind but still up about .8% so green across the board as investor's concern around the omicron variant seems to be easing as well as the positive handover from china. so all of that providing a support mechanism for markets. turning to the sectors, the split this morning we have basic resources up 3.7%. that basket of stocks connected to the chinese economy so that

sector is outperform technology also booming this morning. the more defensive parts of the market are underperforming but still in the green frank, back to you >> thanks with that early trade in europe. to a developing story out of china. china responding to u.s. plans for a diplomatic boycott of the upcoming beijing olympics. the foreign minister out with comments this morning. eunice yjoon joins us from beijing with the latest. good morning. >> reporter: good morning. not surprisingly, china slammed the u.s. diplomatic boycott. saying the u.s. should stop politicizing sports. and beijing threatened counter measures resolutely to counter act the u.s. move. that is the official line. however, diplomatic sources have

told me that chinese officials have, at least in part, been feeling relieved that the u.s. as well as other governments aren't sending so many officials here, mainly because covid-19 and managing it during the beijing winter olympics is seen as top priority, especially around president xi jingping president xi is expected to be in a tightly controlled bubble and the interaction with foreign guests also going to be very tightly controlled so even though the u.s. deciding that they're not going to send diplomats here is seen as a snub, at least symbolically, it's also seen as a potential relief for china though, frank, there is obviously some sensitivity about the way it's portrayed domestically in fact, the term winter olympics boycott has been completely blocked on the chinese internet. >> one thing, i think olympics have some political aspect to

them historically, i don't think the u.s. is totally out of bounds, i don't think most people would think the u.s. is out of bounds by injecting some politics into it word is this morning that other countries this morning are at least considering boycotts >> reporter: there are some rumblings from the uk as well as germany they could also decide to boycott or just not send some ministers. the new zealanders are also not going to be sending a bunch of ministers. they said that's mainly because of covid reasons as of right now, my diplomatic sources are saying a lot of countries are considering sending people in but as ioc representatives as opposed to representatives of the state that way helping ease these political concerns, making things slightly easier maybe also for beijing to be able to avoid having those people shake hands with president xi.

though there is somebody who likely will shake hands with president xi and that is president putin, the russian president, because he was invited and is so far the only one who has accepted that invitation. >> politics aside, i'm hoping for the athletes who trained so hard that some resolution can be found so they can live out their dreams imagine training for years and a political controversy stops you from competing in your sport. turning back to the u.s. markets, as the rally takes ahold. while the broader index in some risky areas of the market seem to be bouncing back. strategists saying those stretched valuations could reason looking at the 2000 dot com bubble burst every stock but one held by the cathie wood etf has fallen

some down as much as 70 or 80% from the highs docusign 54% off robinhood 74%. let's bring in mark avalon with a lot more insight on this mark, good morning thanks for being here. >> good to be here >> you're overweight on growth and tech stocks. we laid out the stand scape right now, the big growth names, they've been struggling a lot especially since omicron when we thought those would be the stocks that would do well if the virus flared back up again, things like docusign i heard people say who's never going to pick up a pen again, but they've struggled. are you still overweight with tech and growth, shifting to megacap tech how are you playing the tech >> that's a great question there's a huge difference between cash flowing proven tech that's a core part of our

economy with great management and some cases multiple lines of business and stocks built on hope and hype with mega outpriced valuations in a yet to be proven business line from a profitability standpoint you'll continue to see the bifurcation between the two groups any rise in interest rates will exacerbate that and widen the gap. the lack of federal stimulus or reduction in fed stimulus from 2022 versus 2021 is going to put less money in people's pockets who are home and home gaming this market. so a confluence of events here are going to continue the chasm between unproven tech which we're avoiding and proven cash flowing tech which is proven to be a winner. >> you have interesting comments in your notes recently you called the fed chair, jay powell, powerful you say while everyone is

expected to slow down the buying program, it's the wieay he did t what can he say to give the markets confidence do you see an interest rate hike in 2022 that would hurt those growth names >> he has unequivocally been the most powerful force in the market going back to the dark days of covid and even before then when he came out too tights on the market and quickly capitulated. it was clear he was pulling the market along with him. he will continue to give tea leaves for stock investors about where we go. we saw that last week when, as you mentioned, he got a little tighter, a little hawkish. but at the end of the day i don't see rate hikes in 2022 i know there's this group think about it and they will have a taper but there's a gape between a taper and tightening we're also in a global interest rate market and still negative rates in germany, near zero

rates in japan and elsewhere i don't think he'll be able to raise rates as quickly as the market is fearing. i think net-net the fed is going to be remaining in accommodative, though tightening mode that might not be bad for stocks might look like what happened from 2010 to 2016. >> we pardappreciate the insigh always >> good to be here. a pair of "worldwide exchange" exclusives first up, mike wirth on rene renewables, and the take on the price of natural gas which is rebounding tayod which is much, much more a very busy hour when "worldwide exchange" returns.

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welcome back to "worldwide exchange." brian sullivan is at the world petroleum conference this week sitting down with a number of energy ceos at a time price increases and shortages have been in focus across the globe he spoke with michael wirth and asked about the company's capital spending plan. >> we're pleased to be joined by she chevron chairman mike wirth. thank you for joining us. >> thank you for having me. >> it's great timing to have you

back because between talking to jim, you came out with your capital spending guidance for 2022 i think it was 11.6 on cash cap x, up a little bit, some were hoping for a little bit more is fiscal discipline still the mantra for chevron. >> capital discipline has been our mantra as long as i have been in this role and it's really important for a company and an industry that needs to deliver higher returns we've been disciplined we set our cap x at the lower end of our guide, which is 15 to 17 billion total which is noncash and cash cap x it's part of our continued commitment to our shareholders to be disciplined, drive higher returns, and lower carbon. >> did you think about higher capital spending or you just don't see the need to grow that way? >> we downshifted, really heavily, last year as the world was very uncertain, as oil

prices collapsed and as we begin to bring that back up this year we're trending towards 12 to $13 billion in spending in 2021 so 15 is a 20% increase on where we're finishing this year. so it's a step up in activity from what we've seen through the pandemic, and we think it's appropriate, given the demand growth we expect in the world and the conditions that we see. >> we just had the chance to speak with aramco's ceo and he sounded pretty bullish for next year raised official selling prices talking about jet fuel demand coming online. are you bullish on global demand in 2022? >> i am. we see gasoline and diesel demand back in much of the world in pre-pandemic levels already. >> really? >> depends on what part of the world you're talking international aviation has been the area that lagged the most. the flights are beginning.

we have to deal with the latest variant and understand what it means. but broadly speaking, economies have opened up, economies are growing and we are putting this pandemic behind us month by month, quarter by quarter, and our outlook for economic growth and demand next year is strong >> also between your conversation with jim and now we did have this omicron pop up listen, i don't know about you, i'm not an epidemiologist, but i get to talk to some on tv, i'm sure you have a team of people as a ceo, how deeply do you get into the covid data? i know it's not your core job but you must have people saying here's what we see >> sure. we have medical professionals that advise us we have employees all over the world, in countries that have varying degrees of health care systems so we have to look out for the health of our people when you think about demand for our products, that is a function

of government actions more than it is epidemiology, and it's how do governments respond -- >> well said. >> -- to this news and what does that mean for economic activity? and broadly speaking while i think we see caution on the part of governments right now, we also see governments reluctant to impose the most draconian measures we may have seen a year and a half ago because the pandemic is really moving towards being endemic and something we all understand we're going to have to deal with. >> california not locking down again would be your best guess as eighth biggest economy in the world by itself? seventh or eighth? >> yeah. it's a large economy look, the vaccination rates in california are high. and people are taking appropriate measures but people are also moving around and living their lives. >> will there be -- i'm going to ask the question of bp will there be oil in 30 years? >> yes there will be oil in 30 years.

i think any forecast you look at that is informed by really a thorough assessment of the situation accounts for a couple of things. one 30 years from now, there's going to be more than 9.5 billion people on the planet versus 7 billion people today. demand for energy will be much higher than it is today and we'll have a more diverse energy system which will have wind and renewables and solar but it will have gas absolutely. >> it's a bigger world than just the bay area. >> a much bigger world. brian sullivan with a "worldwide exchange" exclusive still on deck what investors need to watch for in today's putin/biden face-to-face we're here to break it down. >> announcer: today's big number

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welcome back to "worldwide exchange." time for your big money movers three stock stories of the morning. we begin with samsung replacing the heads of three major

oper operating units merging mobile units into one unit. the company's biggest shake up since 2017 shares up about 1.5% in the overnight trade in asia. shares of mongodb surging after they posted a smaller than expected loss. the stock is down more than 18% over the past week and shares of coupa software are sinking, after third quarter results losses are growing it's a major supply chain software company to fortune 500 companies. this morning's other top headlines. fra frances rivera has the latest. >> reporter: we start with mark short, he's cooperating with the

house committee investigating the january 6th attack on the capital. according to sources familiar with the panel's activities short has been subpoenaed. the house panel is working to assess what information he may be able to provide hawaiian residents are urged to prepare for extreme weather the governor declared a state of emergency until december 10th after a storm hit the islands monday morning they warned the heavy rainfall could develop into catastrophic flooding. the patriots and bills battled for control of the afc east it was so windy mac jones only through the ball three times on the night but the run game for new england turned up the heat on buffalo the pats had the lead in the first. buffalo responded through the air, making it an 8-7 game one last chance for the bills in the fourth, down by 4 but josh allen's pass gets swatted down the pats are the afc's top team,

they win 14-10 >> to some jolly old st. nick's in maine trading the sleigh for skis each of the santa's stuffed a $20 donation into the stocking before dashing through the snow. the annual event, which was cancelled last year due to the pandemi pandemic, raised several thousand dollars for a charity in maine i hope they have the caps under those santa's hat. >> it's great seeing the santas out there. the way you said pats are you still a patriots fan even without tom brady. >> my blood runs cowboys for my brothers, my husband is a broncos fan. i leave it at that >> i heard you rooting for them, the way you said pats. >> when it comes to pats, it was

fun we both worked there it was great over those years. we have the memories. >> i'm more of a tom brady fan. >> i'm with you there. you can't beat the g.o.a.t >> cannot. still ahead on "worldwide exchange," elon musk goes on record why he's calling out the white house and president biden's build back better agenda plus president trump's media startup naming a key congressional ally to lead it. and if you haven't already, follow our podcast, check us out on apple, spotify or other pod cast ap apps "worldwide exchange" will be right back ps will be right back podcast apps exchange" will be right back

the market's momentum regaining the footing with monday's rally set to continue today. the futures are pointing to more gains. president biden set to hold some high stakes talks with russia's vladimir putin amid continued and mounting tensions between washington and moscow. and president biden also facing the wrath of elon musk as the tesla ceo says pull the plug on the $2 trillion spending plan that could actually benefit him. it's tuesday, december 7th, you're watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i am frank holland in for brian sullivan this morning. here's how your stock futures

are looking about halfway through the 5:00 a.m. eastern hour the futures in the green, dow looking to pop more than 300 points at the open the s&p and nasdaq both a percent higher in the futures right now. crude adding to yesterday's massive gains. right now -- let's go down gainer -- oil prices wti crude up about 3%. brent crude up about 2.5%. oil popping. and a check on some big pops in travel stocks this morning seeing travel stocks pop again airbnb up about 2% showing confidence we're going to get back out there and back to cruises looking at the crypto markets above the 50,000 mark that is key for crypto up at 51300, up

about 4.5%, remaining volatile after the omicron news let's look at your other top stories this morning, including president biden's social media company naming a new ceo bertha coombs is back with much more on that >> reporter: good morning, frank, republican congress devin nunes is resigning from congress to lead that company trump media and technology group announcing his appointment yesterday amid reports of the move the firm says that devin nunes, the top republican on the house intel committee and a long-time trump ally will start the position next month despite having no apparent experience working in the tech industryor as an executive. the announcement came hours after documents revealed that the spac that plans to merge with trump's company is being investigated by the s.e.c. this country's busiest ports have announced that they will

delay imposing unprecedented fees on carriers officials at the long beach and los angeles facilities cite progress in the ongoing container backlog for the decision, since lingering containers down 37%. and elon musk is criticizing a key piece of president biden's build back better plan that could benefit tesla potentially. musk says the bill, which includes federal funding for electric vehicle charging stations, should be scrapped because it would add to the country's deficit. under the plan, consumers would be given a tax credit if they buy an e.v. built by union workers using american made batteries. vehicles made in nonunion batteries like tesla's would get smaller credits. musk said he's in favor of dropping all federal subsidies

but stressed they should also be dropped for the oil and gas industry he's never at a lot for provocative comments. >> are you calling him alon, not elon >> how does he pronounce it? >> i don't know what they're doing in australia i call him elon. you're doing a madonna english accent type thing with it. i like it. >> i try to pronounce names the way people pronounce them themselves in france you would be frank, but you're not, right, you're frank. that's how you pronounce it. >> i'm going to stay frank thanks for the headlines. turning to d.c. news, president biden is set to hold a video call with russian president vladimir putin today, the meeting comes amid tensions triggered by an increase in russia troops along the ukrainian border president biden is expected to announce the u.s. will impose severe economic measures if

russia carries out an attack against ukraine. raymond james thanks for being here. >> good to be here frank. maybe the biggest zoom call coming with president biden and putin. president biden is predicting a rational relationship with russia and putin what do you see as the best case and potential worst case of this call >> i think the best case is that biden and putin establish a ra port that allows the diplomatic conversations are a release valve. worst case is that putin really starts to press the biden administration really tries to see what he can do to further exacerbate issues within the nato alliance and say that he is going to push forward with military exercises in a potential invasion with the ukraine.

i think at the core here is a desire from putin to establish russian supremacy within the region he is very concerned about the ukraine potentially joining nato and i think he is really trying to see what he can do to get the united states to respond with an audience of china watching here, and china looking to see whether or not the nato alliance is holding firm and whether the united states continues to back up their support for various nato allies. >> right so china is watching, but so are u.s. investors and voters. as i mentioned before, markets don't seem too concerned dow looking to pop 300 points at the open we have to ask, what would be the potential fallout of a tense call or where there are reports after this call there is tension? and i have to ask for myself,

what does president biden have to gain by the ukraine joining nato or that timetable for them to join being sped up? why not let it go for a minute >> i think you are outlining the key issues here, in terms of the market right now has so many other worries they're dealing with to me this is more of a significant risk for 2022. i have had calls from clients. i had a call late last night with the head of a fund who is very concerned about this, not willing to react just yet. but this here could add to other worries should we be in a down market people do not want to see a geopolitical risk. but you're right for right now the market is pushing this aside what we're going to see in d.c. is the passage of a defense authorization bill we'll see more defense spending. any of these issues probably good near to medium term for defense stocks for the larger market what they're going to need to see before they react to that is a

significant escalation i think part of the reason why the market is not reacting just yet frank is because they see multiple steps in potential release valves is there a back off of supporting ukraine's admission into nato. is there other sanctions do we go after the nordstream pipeline before the nuclear option which is denying any payments coming out of russia from the swift financial system? that really would be what the market would get really concerned with, and we're probably at least two to three steps, if not more, away from those decisions. >> let's hope the nuclear option is off the table when it comes to these superpowers talking is this a zero sum game? is there a way for everybody to win? a way for president biden to win, ukraine to enter nato, is there a way for vladimir putin not to lose face here?

is there come way for everybody to kind of win >> i'm not sure there's a way for everyone to win. i think it's a -- hope is that nobody fully loses and i think it is important that, you know, i use that term nuclear option, but all of the options on the table so far are through economic means from the united states and our nato allies and that is a show of how much kind of the geopolitical shift has been into the economics. long term, i think what putin would want to see is that it's unattainable for the ukraine to fully join nato, that would be his goal that is a real concern for a long time within the russian government is how close we are seeing encroachment of nato allies onto the russian border that would be a win for putin. probably into the country that gets the short stick here would be once again, the ukraine.

>> i'm sure the markets and everybody in d.c. will be watching closely to see what comes out of the call. ed mills we appreciate the insight. >> thank you. coming up, more from the world petroleum conference with brian sullivan's sitdown with the ceo of total first as we head to break. more of those big money movers we begin with intel jumping on reports it plans to publically list shares of its mobile eye self-driving car unit. a formal announcement on that move could come as soon as this week the ceo of intel is set to join squawk at 9:00 a.m. eastern. tesla is replacing faulty auto pilot cameras in some of its cars they'll replace cameras in model s, x, and 3 vehicles and meta owned instagram

releasing tools to keep teens safe the move comes a day before instagram's head testifies to congress on its potential risk to kids and en orwi exchange" back in a moment ♪ ♪ amazing... jerry, you've got to see this.

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welcome back brian sullivan is at the world pe petroleum conference in houston. he spoke with total energy's about the company's recent rebranding from total. >> we are very pleased to be joined here at the world pe petroleum congress by the ceo of total energies of france it used to be total now it's total energies does it signify a change or a branding >> you don't change the name of a company, which is one of -- it's all just for branding total energy is everything it's all energies. so we have chosen a name in fact, we have embarked into a new strategy which is to broaden company, oil, gas and

electricity. why? because the energy markets will change we've seen that with climate change there's a share of electricity in the mix this is a growing energy, while at the same time yes, gas will continue to grow, oil might peak one day in 2030 and then decline. so we prepare the company for the future, you know, when we, energy it's long-term investments so it's important to embark and make this transformation so it's a change of strategy and we decided to put it in the name. >> what can we learn right now, not france, but much of europe is in -- maybe not energy crisis, but there are very really concerns about the amount of available power, utilities, energy in the uk, germany, netherlands this winter. what should we learn from what europe is going through now for your business and for the world? >> in fact, we are learning a lot for the world.

first that all the markets are more and more interconnected the more we have electricity in the mix and you produce with electricity for renewables and gas you connect the energies it's not a european crisis at all on gas it's coming from china in china we have seen huge hike in the demand for gas, energy. >> buying up everything. >> everything. why? because less renewable, less hydro, less coal because of a ban of importing coal from australia. so gas all the gas from the u.s. we are very well positioned number one exporting energy from the u.s. we export more than 10% of the u.s. went to china because the price went up so it's not more valuable for europe so the gas price in europe went up because the market are interconnected. and electricity, the price of

electricity europe because it's a market economy is equal to the marginal cost of pollution so that's proof that in this transition, in fact, fundamentally, the energy markets are becoming more complex, more interconnected and also there's another message behind that, which is supporting this price we have lack of supply, supply of oil, gas, why because you have a pressure on the oil and gas investments. the oil and gas investments have decreased between 2014 and this year from $700 billion per year to 300 >> more than cut in half that's remarkable. >> that's an impact. if you don't continue to invest while the demand is growing, the price will adapt. >> quickly before we let you go. because you are in the ren renewables as well is there a renewable that's a better economic bet? is wind better than solar is

solar better than l&g, is there one that's a better story? >> we are fundamentally in commodity business it's volatility of the price you have to look at the cost of pollution, to be a low cost producer today you have people thinking you can develop renewals with ppas, a price. it's the beginning of the industry it's electricity you produce like in the u.s. and in the end you have electricity from the gas, renewables, l&g, you need batteries, you need to invest in storage of electricity so for me it's another additional energy, source of opportunities and revenues and all companies. we are major in oil and gas, we are integrated companies along the solution, able to manage which is why we want to

integrate renewables into the electricit electricities. >> as it comes into all totalities thank you for joining us we appreciate you. >> thank you. it is total energies thanks to brian sullivan for that interview catch more of brian's exclusive conversations at the world petroleum congress today on cnbc, including the ceos of pioneer natural resources, baker hughes and tomorrow he sits down with the ceo of diamondback energy vicky green lays out the energy stocks that she says have room to run amid the bounce back. if you haven't already, do it, follow our podcast, miss "worldwide exchange," check us out on apple, spotify, or other podcast platforms. we're coming right back.

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welcome back we turn our attention back to the markets p. the renewed rally in stocks holding firm the dow up briefly more than 400 points in the pre-market the biggest pre-market winners for the s&p, intel up 4% medtronic up about 4%. have to watch the cruise ship stocks royal caribbean and carnival both up more than 3% in europe as well our julianna tatelbaum broke it down, green everywhere we saw. let's call it the everything rally. oil higher adding to yesterday's gains, wti up more than 3%

brent crude up 2.5%. with that table let's bring in victoria green good morning, thank you for being here. >> thank you were frank, how are you? >> i know energy and oil that's your wheel house you're in texas where brian is where the world petroleum congress is. i know you went to texas a&m, you're an aggie. you have a saying woop, when something is exciting. are oil investors saying woop this morning with oil? and is it sustainable? >> absolutely. we think it is sustainable it was a knee jerk reaction. you saw us come off our highs wti trading at 85 and then slipped below in the 60s and then seen stabilization as we realized the variant may not be as bad as everyone thought it may be, and waiting on the data. we think oil in the 70s and 80s is a sweet spot, premium based and honestly everywhere in texas

cheap to get it to the ground, you're talking $50 break even. we think this is sustainable and will continue to rally through year end. >> right now looking at travel returning but also seeing rising cases of omicron is that a concern for you when it comes to the oil markets? we saw, generally, an outbreak of delta -- having a hard time, vicky -- we saw an outbreak of delta but it didn't impact the markets directly what do you think about omicron? >> i don't think any of us know how to pronounce it, i need to learn latin better, obviously. i think delta is a good playbook, we don't have a lot of data when delta came over, identified in late 2020, became a variant of concern in march, and then a major player around the world but you saw markets continue to rally through the summer, s&p 500 up about 9% from june to august so i think the markets are going

to react to variant news, especially when it's a quiet week, the fed has nothing to say, in a blackout period. we like the panic but people need to be patient still and realize we have tools and treatments and we didn't in 2020 so the new variant should be expected you would be fooling yourself if we don't have another 20 variants but our drug treatments are better as well as the vaccinations i'm hopeful it's not going to dent it much at all. international travel, going more towards advance testing and vaccine mandates as opposed to canceling and shutdowns. >> i want to get your take on the broader markets but can you give us a few names in the oil space that you see as the best position to take advantage of the current climate. >> our top three picks are the emp space, very sensitive to oil prices we like devin, diamondback and

eog. and all of them are three shareholder friendly companies devin especially has pioneered the fix plus variable dividend but up to 60% of their free cash flow can be paid out as a variable dividend and focussing on share buybacks. you realize the companies are trying to push capitals to shares they're staying capital disciplined going forward. they've been burned twice hard in the last decade so i don't want to say the death of wildcatting and the excess, but rate counts are still well below the pre-pandemic beat. >> you are overweight u.s. value and cyclicals. how does inflation play into that thesis? >> i think inflation is no longer transitory, as the fed finally capitulated and cyclicals are a great place to be, especially the energy market and materials. if we think we're in a period of

higher prices let's own stocks that benefit from that. >> vicky greene we appreciate it thanks for waking up early in texas. >> absolutely. one last look at futures futures solidly in the green looks like a good day on wall street do you futures up 300 points s&p and nasdaq looking to pop more than 1% at the opening bell that's going to do it for orwi ehae. quk box" coming up next. i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support.

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good morning, stock futures set for another big jump after yesterday's gain of almost 650 points for the dow it would be like -- it's almost 1,000 points indicated, up 350, 360 today, show you what's moving now. threat level rising in ukraine.

president biden will hold a video call with vladimir putin today. we'll tell you what to expect. really, how would we possibly know and instagram rolling out a new set of tools it says will keep teens safer on its platform it's tuesday, december 7th, 2021 "squawk box" begins right now. good morning, everybody. welcome to "squawk box" right here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and as joe mentioned, the u.s. equity futures are up once again significantly the morning. dow futures indicated up by 360 points this comes after a gain of about 650 points yesterday yesterday we already erased all the losses from last week, so these are additional gains on top of that. the s&p up too by about 62

points after getting 1.1% yesterday. and the nasdaq indicated up by 304 points that's skaignificant too. all of this coming as there ar early indications, early indications, that maybe omicron is a weaker variant. that would be very good news yesterday the dow, the best performer of the dow was unh, united healthcare, maybe on the idea that things aren't as bad, not as big of a deal, we'll see the experts are saying we need a couple of weeks on this, but a lot of optimism and wall street feeling that looking at treasury yields you'll see right now the ten year is yielding 1.44% picking up a little bit. 30 year right now yielding 1.775% and this morning if you look at what's moving. cruise stocks are up as again if you think it's reopening play, there you go you have all those cruis