here is your tuesday top five at 5:00 futures, they're on the rise after big tech's biggest turn around in years. jay powell and his inflation track record in the hot seat once again as the senate reconsiders his renomination bill pool is here to weigh in. at the fed, another one biting the dust as the central bank's number two resigning amid some suspect stock trades. why are members of congress still allowed to trade stocks? apple looking to beef up its

content offering, reportedly going after professional sports to do just that. all it the ape-iversary. a look at how small time investors flipped the script on big-time investing it's tuesday, january 11th, and this is "worldwide exchange. good morning, good afternoon, good evening and welcome from wherever in the world you may be watching i'm brian sullivan, good to be back with you. before we jump into the markets and big business headlines give a shout out to the dogs the georgia bulldogs getting the monkey off their back, beating alabama 33-18 to win the university's first national football title since 1980. bulldog quarterback, stetson bennett throwing for 224 yards and two tds and the win. we'll give you more highlights

from the game coming up. in doubt many of them are still partying in indianapolis and athens, georgia. congratulations. now to the game of stocks, if you will. it's been a wild start to the year for many stock investors. the nasdaq 100 did something incredible and incredibly rare yesterday. it did nearly a 3% u-turn. at one point the nasdaq 100 was down, crushed off 2.7% but buyers came in strong late in the day and the index actually ended higher. pfizer's ceo saying an omicron specific vaccine will be doneby march. maybe that's helping, who knows. interest rates have been a catalyst on both sides, ten year back up 1.75% briefly. up 16% in just the first six trading days of the year

why does that matter look at the ten year comparedt the likes of say, tesla and adobe in the past 24 hours the massive comeback for those two stocks yesterday as the ten year came off sessions high. if you have options, derivatives, things tied to rates, any small room in rates could have a butterfly effect, if you will, in technology what's happening right now, futures are higher across the board. yesterday some very key technical levels holding on the down side. they may have held, helped us pop back up, we are seeing futures higher across the board. looks like it could be a nice pop back some of that buying momentum coming back for the nasdaq even with their comeback, cryptos, they're still having a tough start to the year. bitcoin is down big, down 40% from the highs of last fall. all this as new data shows that

crypto investment products and funds had net outflows last week totaling $2.7 million. the highest ever last week the market was a fourth straight week with outflows out of some of the crypto funds cryptos having a bit of a tough run. that's here. let's find out what's going on in the early action overseas julianna tatelbaum is, as always, in our london news room. good morning >> brian, good morning so european equities this morning bouncing backstaging quite a recovery yesterday european markets closed shop before the tremendous reversal that you just outlined. so yesterday the stoxx 600 ended about 1.5% lower this morning we are on the mend, the kak 40 up and it is green across the board from a sector perspective, this is what the mix looks like this

morning. yesterday the losses led by the technology sector and here the this morning the technology sector is leading the gains up about 2.7% so strong moves in tech stocks. retail seeing a strong bid this morning up about 2%, alongside travel and leisure the down side, autos hovering around the flat line but every sector is trading in p positive territory this morning so it seems as though we are catching up with what's happened on wall street but overall following the sentiment. >> a lot of green on the screen as well. quite the turn around. we'll talk to you soon here in the states maybe uplifting words helping as well. jamie dimon saying the american economy is headed for the best growth in decades. speaking with us on monday, dimon says that's largely because consumer balance sheets are in good shape, adding growth will come even as the fed

possibly raises rates several times this year. >> it's going to be a little bit like threading a needle. you can't look at anything and say that's my projection, because you don't know it's possible that inflation is worse than they think they have to raise rates more than people think. i'd be surprised if it's more than four increases next year. i think four is a very little amount and easy for the economy to absorb. >> now, dimon does warn, however, of stock market turbulence like what we saw yesterday as the fed gets to work let's talk about this with john. he remains bullish and has one of, if not the, i believe, he can correct me if i'm wrong, highest s&p 500 target on the street john, you are nodding is that right? >> that's right, brian good morning to you. >> good morning. and thanks for getting up early. we needed your insight after yesterday's crazy day. you remain long and strong, what

do you make of the early action so far this year and what's your take on what is still a long way to go in 2022? >> we'd have to say, brian, that when we look at the landscape, what we just saw happen over the course of the last few days, last week into yesterday, was very much a standard for this kind of an environment where you've got the fed getting ready to really, inernest, address the inflation issues it's a pivotal move that the fed chair has been making really since the end of the fourth quarter of last year, in terms of the message and naturally, you get volatility, but i think jamie dimon just said it that sequence you had just before i came on the economy is doing well. and we look at the fundamentals and the fundamentals are highly supportive for equities right now, in our case we look for interest rates to rise, but relatively modestly as the fed

remains very sensitive to economic growth and employment and considers the roll of business in digesting higher rates. so we think the environment remains good for equities. >> okay. and i hear you, and in '94 i think we had the equivalent of 10 rate hikes, raised rates 2.5% and the market surged in '95 so stocks can show they can go up in a raising rate environment. however i do worry we've never had a fed balance sheet like this 8 plus trillion dollar, many people i read and talk to say they're more worried about the negative effects of the reduction of the fed balance sheet than they are about raising rates. >> i can understand that concern, brian but when i look at it, i can't help but think, what if they hadn't taken on all of that onto their balance sheet? where would we be today?

would we be at a good enough level to move or traverse to get to the next new normal i think as a result of that we have to accept what was done and consider what if they hadn't from that perspective, parallel to what happened in the financial crisis, coming out of that, move ahead we can't help but think when you mentioned '94, just happened this morning, i looked at it, the s&p 500 in '94 was down 1.54%. tech was up 19%. consumer staples 6.8, materials 3.32, real estate flat energy down .4%. i'm not going to go through everything but the worst performers were consumer discretionary and the utes the funny thing is, tech which got hit hardest yesterday, when we look at it and others have

looked at it as well, is the most resilient because it's deeply embedded more so than ever before in the lives of business and individuals >> i don't know if i'm more impressed by the data or the fact you were up early enough to do that kind of work, the show starts at 5:00 a.m you're a better man than i am. does that mean we should still selectively own tech and sell things that are rate sensitive like utilities >> i would think so. i wouldn't sell all my exposure to the utes because i want some incoming coming in in terms of income but i want diversification. in this case consumer discretionary, because people are hungry to get back to a more normal spending environment, we can see that in increasing debt the consumer took on over the last month or so so we have to say we want

consumer discretionary, technology, industrials, financials as our favorites. and then continue with materials and energy exposure as inflation remains an issue that's going to continue for a while. but we're positive on equities >> john, we need your steady words after a crazy start to the year appreciate you getting up early. thank you as always, my friend have a great day. >> thanks. >> you're very well. on deck, a closer look at global covid vaccine inequality. what is being done to fix that plus a third fed official forced to step down after some suspect stock trades so why are members of congress still allowed to trade stocks? later on a key exit at tesla we have more to do, but futures are soaring. nasdaq futures up more than 100 points we are back right after this

welcome or welcome back, everybody. why don't we get a quick update on the booming number of covid cases in america this week alone, u.s. covid-19 hospitalizations are hitting levels not seen in a year, although, keep in mind it's possible that as many as 40 to 60% of those are not in the hospital alone just for covid. this is the debate that we really have been leading on the last couple of months that more

people are now picking up on still in the last week, hospitalization numbers, for whatever reason, they have surged and in some cases passing the peaks of last year in new jersey we are now 50% higher in hospitalizations than the peak of last winter. although this year everything remains mostly open. nationally icu capacity is at 76% of its january 2021 peak, perhaps a better indicator it is not just here. troubling situation in china as well as that country looks to contain its latest outbreak. as of this morning, some 20 million people in china are in lockdown with a third city, about five hours south of beijing, being the latest to go into quarantine. if you think our lockdowns are tough, in china when you're ordered to lockdown, you're not allowed to leave your home except to go to stores to buy the most essential items you cannot drive you can barely be outside for

any reason meantime, as covid continues to spread across the globe, experts are saying that the omicron variant is a sign that global vaccine inequality could pro long the pandemic for everybody. the w.h.o. has set a target for all countries to have vaccinated 70% of their population by july of this this year, a big challenge. according to our world and data, many countries, particularly those in the african continent, are not on track to meet that goal, some not even close as vaccine distribution have been held up by logistical distribution or money problems now a group of investors are asking for salaries to be tied to global vaccine distribution in order to speed up the process. joining us is the founder and ceo of prava health based in bangladesh silvana this is important. we are talking about fourth shots for people here in the

united states. israel already doing it. in a few months maybe talk about fifth shots meantime there are billions of people who have not gotten their first shot. how do we fix that >> that's a big question thanks for having me vaccine inequity is important for so many reasons. we learned that none of us are healthy until all of us are healthy. i've seen firsthand how under inestment in health care infrastructure has been the trend across emerging markets prior to the pandemic and vaccine inequity is one example of that. in terms of how we address it, i think you really set up the context very well. the goal of 70% of populations being vaccinated by the middle of this year is unlikely to be met. at the current rate more than

100 countries will fail to meet that deadline. this matters for humanitarian reasons. that's the most obvious reasons we can all point to. it's not fair that citizens of less wealthy countries are not getting access to vaccines but i think we need to look at it from a more economic lens and the fact is, it's simply cheaper for us as a global community to invest in delivering the vaccine than not. there's -- >> absolutely. >> -- substantial consequences of failing to vaccinate the entire world. >> what we have learned, if nothing else, is that an airborne virus doesn't care about borders. they don't care you're in that state, this country, we don't care some of these variants will organize nate wherever they can, generally a lower vaccinated population, they'll mutate, somebody will have it, get on a plane, land at jfk or the reverse, it starts here and goes

the other way. the point is to knock this out globally, we must have a global approach. >> absolutely agreed i think your point is an excellent one, in terms of the fact that lower vaccinated populations are more likely to develop variants but it's also true the fact of having lower vaccination rates across emerging markets has economic consequences for developed economies. there's a study out of the university of maryland actually, that estimates that 3% of gdp of pre-pandemic advanced economy is the potential cost of not vaccinating. that's not just because of variants it's because of reduction in export markets, because of supply chain issues we face all over the world so advanced economies have a direct economic interest in achieving vaccine equity >> yeah. and they're working on that and maybe tying some compensation to those goals to make sure the rest of the world can do it.

we appreciate you getting up early. it's an important topic. >> thanks for having me. >> thank you you talk about covid traveling, i posted this on twitter the number four top hospitalization rates in the united states right now are delaware, maryland, new jersey, and new york literally the i-95 corridor, you watch some of these patterns and travel and human movement makes a big difference in some of these rates. on deck, out of gas. why shares of ev maker rivian are already having a year to forget that stock is down again this morning. we'll llouhy icoute y wstk arnd ing. jerry, ya to see this. seen it. trust me, after 15 walks... gets a little old. ugh what the world needs now... is people. people who see energy a little bit differently. where a switch to cleaner power

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welcome back to "worldwide exchange." um francis rivera with your news headlines. north korea is starting the new year exercising its military muscle they appear to have launched the second missile test in less than a week. according to officials in south korea and japan. the chicago's teachers union voted to return to in-person classes tomorrow, teachers are set to return today for planning the union approved a plan on conditions with when an individual school would return to remote learning, it includes the number of staff absences as well as students in isolation or quarantine the state department and cdc are advising against travel to

canada the u.s. lifted restrictions at the borders with canada and mexico in november. georgia and alabama battle it out for college football's national title the low scoring struggle was blown open in the second half. giving a hat tip to stetson ben net, tossing two clutch touchdowns georgia only lost one game all season, that was to alabama last month. they avenge the loss and win the national championship in style, 33-18. it's the first time in 41 years that college football's title heads to athens, georgia the the southeast conference has now won five of the eight title championships. back to you. >> appreciate it congrats and shout out to the dogs out there maybe next year we can get a

nons.e.c. school. time for your big money movers today it's like four and a half stories. stock one is rivian, shares take a hit after rivian said its chief operating officer left the company, odd timing. it said it produced just over 1,000 electric trucks by the end of last year that's a disappointing number. rivian shares are down 100 bucks per share from their intraday high of november 16th. they were at 179 they're at 79 now. wow. stock number two, intel they poached david zincer from microsoft to be their next cfo he's been micron's cfo from 2018 stock number three, apple and maybe it's batter up the new york post reports that apple has had, quote, substantial talks to carry major

league baseball games next year. the post says that baseball has been trying to sell their monday and wednesday national games that espn recently gave up apple would be expected to make games available through the apple tv plus streaming service. a bonus fourth stock or stocks just for you because we like you so much big lots and aber com bee and pitch, both had disappointing forecasts. but abercrombie did say it had a pick up in postholiday sales sending it up 5% and big lots down 7% in the pre-market forget planet of apes. this is the anniversary of the apes and we're going to mark one year since the meme trade that turned wall street on its head began. we'll be right back.

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the midday monday melt up looking to roll on right now futures surging as buyers ignoring the fed and rising rates and came back in a big way. at the fed jay powell heading to the hill to pitch another round of himself as head of the fed. bill pool is here on why the central bank may already be behind the curve. and the fed's number two, out. resigning under pressure as stocks trade that he made came

to light so why is congress still allowed to trade stocks? it is tuesday, january 11th, and this is "worldwide exchange. welcome or welcome back and good tuesday morning, everybody. i'm brian sullivan, thanks for joining us let's get to the markets and your money because stock futures are higher right now up triple digits not just on the dow but on the nasdaq futures as well, or they just were. they're right there by the way all this, maybe some momentum carried over after the incredible and incredibly rare turn around for stocks in particular the nasdaq and nasdaq 100 yesterday. at one point the nasdaq 100 was down nearly 3% middle of the day did a u-turn ended the day higher that turn was the single biggest

day turn around since 2020 during the lows yesterday the nasdaq was at risk of closing in what they call correction territory, i hate that term but some people use it, for the first time since march 8th, meaning down 10% from intraday highs, but buyers came in, the markets held and the market ended up higher, too check out the qqq, that is the etf that, of course, represents the nasdaq 100. it had 90.5 million shares traded yesterday that is 70% higher than its 20-day moving average and the heaviest volume since early december in other words, there were a lot of buyers, a lot of sellers and a lot of action in the market on monday interest rates, of course, in play causing a lot of this action the ten year yield briefly topping above 1.75%.

the ten year yield up 18% in six days this year so if you're a home buyer or looking to re-fi or borrow money your borrowing costs are going to likely rise, maybe considerably in the next couple of weeks as the market catches up to what bonds are doing let's check on oil oil was down at one point on monday but still up near 80 and oil up nearly 8 or 10% in a month. even with the miracle monday mud day melt up, it's been a rough ride for popular assets. look at the moves off the respect i've recent highs. the ark etf down 46% bitcoin down 39% small cap stocks hit hard, down 12% from their peak. and even the nasdaq, with the nice run yesterday afternoon,

nasdaq still down just about 8% from their highs it's been a rough ride off the highs of last fall now let's get this morning's top stories, including an earlier than anticipated exit by the fed's second in command as he made some trades of some rather interesting timing. frank holland joining us with that and your headlines. good morning. >> good morning. richard clarida announcing he'll be exiting his position this friday his term was set to expire at the end of the month the change comes days after additional disclosures around trades he made in february of 2020 those moves coming around the time the fed was preparing to out efforts to combat the pandemic facebook's parent company meta is delaying plans to return to the company they planned to return to office

for vaccinated employees at the end of the month now it slides to march 28th. and they'll require proof that employees have received a booster shot for their return. tesla's highest ranking black leader has stepped down. he's left the ev maker for a new job. e he's been a prominent voice for the company on race issues and defending tesla as it faced controversies, including racism, in the last few years. back to you. >> big loss for tesla, big gain for somebody else. frank holland, thank you very much. to this morning's top story and jay powell preparing for a day of testimony on capitol hill as the senate banking committee con considers his renomination to the seat he's held since february 2018. since his time, the s&p has gained more than 65%, the yield

on the ten year note has fallen 25%. the average 30 year mortgage has come down to just over 3%. and core consumer product inflation, the cpi shot up from 2.4% to more than 3.3% inflation running hot. more perspective on this and more we're joined by former st. louis fed president bill pool. i know it's early, but we appreciate your insight. in your mind should chair powell get the renomination and run the fed for another term >> brian, thanks for having me on board this morning. yes, i think it would be a big mistake for his nomination to get tangled up in any sort of controversy. i believe we have some very tough times ahead of us. and i'm going to be critical of the fed's behavior over the past year or more, actually

but i think to get that wrapped up with a dispute over the renomination would be very unfortunate. what is missing -- >> okay, then, be critical what do you think is -- >> that's what -- >> what's the one thing they've done that you would not have done >> there's more than one thing but let me start with the august 20, 2020 gutting of the fed's inflation target regime. by making it averaged over a period of years that essentially gutted the target. and what is missing here in the fed's extensive discussion of its policy framework is any discussion of the need for the fed to disappoint itself there's a very nice passage in steven pinker's book, published last year on self-control.

and you may know the story, he was the last of the ship to avoid temptation and here's a quote, technique is called a self-control and it is more effective than the strenuous exertion of will power, which is easily overmatched in the moment by temptation and there's extensive documentation of this argument in the literature, the psychology literature. so i think the fed has made a big mistake. and if it had had the original target framework in place, in june of last year, i believe, the fed would have started to raise rates. the inflation rate had run hot for several months there was a lot of other evidence about wage pressures beginning and so forth, and the fed should have acted back in june the fed is now far behind.

and all we get from the fed so far are some hints, some hints, that it might start to move a little earlier than it had previously been hinting that it would move i believe that with the increase in inflation that we've seen, that we should expect very large increases in the federal funds rate, the target rate, and i think -- >> when you say -- bill, let me jump in here. >> sure. >> let me jump in. thank you. i want to compartmentalize everything when you say "very large," how much do you think the fed should raise rates this year and how much do you think they will raise rates this year? >> i believe that the fed itself is projected increases of 1 percentage point or less, and i see some market commentary that is talking about 100 bases

points, 1 percentage point my view would be that the fed needs 3 percentage points increase to catch up with the inflation that has already occurred the economy is running hot we are at full employment, or beyond we have help wanted signs everywhere and we have not yet seen wages start to catch up to prices. there's a little bit of increase in wages, but not much and so, many workers are now running behind and they see large increases in food and fuel prices that's a big part of the budget of those lower income people -- lower income workers and they're being hit very hard. >> and this is the question about inflation, because the federal reserve has always had the power to wield the massive hammer and tamp down inflation when it needs to but i'm looking at food price,

seeing fertilizer costs up triple, costs have soared, the input costs go up, they have to charge more, the truckers adding to the cost as they send the vegetables from the midwest to the east coast i don't know if the federal reserve has the power to change any of that. do they have the power of fighting like they used to have? >> of course they do the federal reserve has been pumping a huge amount of cash into the economy raising interest rates will slow things down. for example, we know that most car purchases are based -- are financed with credit when the fed starts pushing up rates, the financing rate for buying new cars and used cars will go up the rate on home mortgages will go up. that's going to slow those sectors without any question so, of course, the federal reserve has the power to reduce

the rate of inflation. of course it does. >> consumers certainly hope so quickly, bill, i know we have to go i have to ask you this i don't want to ask you to comment on richard claridin i know he's probably a friend of yours. should congress be allowed to trade stocks >> i think it's a very good question it's a very good question that's much deeper and complicated than you suggest. because there is, clearly, i believe, from the evidence insider trading that takes place by members of congress, particularly members of various influential committees that will be changing legislation, and there was a -- i guess there was a "60 minute" program two years ago on this question i think it's disgraceful myself. >> yeah, strong words there. we're not talking about buying

4,000 shares we're talking about some members of congress doing hundreds of thousands of dollars sometimes options on certain options on companies based in their districts. it's a good question we'll get you on again to talk about that bill, thank you. >> thank you. coming up, the reddit crowd shaking up the market. some call themselves the apes. up next we'll look at how they changed the game from main street to wall street. as we head to break, some of your other top headlines are you hoping for a tax refund this year? if you are, you may be waiting a long time. the irs warning that staffing issues could make it a very rough tax season with refunds potentially facing long delays turo has filed to go public. who is turo? they're the airbnb of rental cars they would put 5% of the stocks

being offered aside for renters and buyers and using social media to speak to investors, culp using linked in to promote his plans to but what he calls gm into stronger companies shares of ge down 8% stock futures are not down they're surging. happy esy.tuda we'll see you on the other side of the break stick around you could email an urgent question to lisa in marketing. and a follow up. and a “did you see my email?” text. orrrr... you could see her status in slack. and give lisa a break while you find someone online who can help.

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everybody. today marks one year since the reddit rebellion began sweeping through the markets. retail investors making their presence known last year, leaning on a tactic commonly used by hedge funds. looking to democratize markets and make a little money along the way. the evolving strategy that they call themselves the apes we're not calling them apes, they refer to themselves that way. >> some of them, not all of them what was once left to wall street pros has now become main stream so retail investors dove into options trading in 2021. look at the surge in value in options traded in amc the past

several years. this is the graph on your screen right now by two of the biggest options makers so big jump in 2021. that's because of the simplicity of smart phone apps like robinhood. the meme investing journey pretty much just began with a click of the button. >> i invested through td ameritrade and cash app. all the money i had saved up >> tony said he invested roughly 60,000 disease and made a profit of $70,000, betting on companies previously left for dead but many retail traders opted for riskier options posting i big returns or losses without having to purchase any shares. almost like a night at the casino experts say it's had an effect

on the markets. >> i would say the overall level of the market right now may be influenced by retail investor enthusiasm or optimism i think that trend is partly driven by just how slick and easy these new platforms are to use. >> the strategy has helped the exchange of over 39 million options contracts on an average day in 2021. up more than 30% from 2020 that's a new record. and at least a quarter of all options contracts cleared in had 2021 were actually by retail traders. so the tactic has proven so popular and easy, that even wall street's regulatory arm plans to review the rules and risks of trading on margin with options risky or not, retail traders point out the popularity is part of the democratization of the market and no longer just for the wall street pros >> so are the retail traders,

are they also now trying to push out the brokers? >> yeah. so they are essentially doing that those that want to hold the stock for a really long period are increasingly opted to direct list so they can own the shares. that means the company knows who they are, they can vote, have direct access. i spoke to the president of global capital markets at computer share who said the up tick in the number of direct registrations in just a few meme stocks, he wouldn't give me the exact names, exceeds theseatin capacity in the largest sports stadium in the united states more and more people are opting to directly register, which means they want to hold, they don't want to trade and that does push out the broker eventually back to you, brian. >> that is a big crowd thank you very much. we'll see you soon. on deck, tiffany mcghee is

here as nerves run high in a volatile start to the year. futures are running high nasdaq up more than 100 points we're back after this. 's too wi. right now at cvs, get $10 in extrabucks rewards when you spend $30 on select wellness support products. with this offer, there's no room for excuses.

welcome back and your rbi is back after i took monday off to sulk about the terrible l.a. chargers loss. let's move on and up, shall we around what brands all of you are starting to get into morning consult put out a list of fastest growing brands by age group and overall. overall, some of the numbers started low, at zero, when you go that low it's easy to grow. but still a telling list here's morning consults ten fastest growing brands for all age groups see if you can spot a trend. we talked about number ten, cash app then after play. pluto tv youtube shorts tiktok, the fastest growing

brands among all age groups. coin base. hbo max. moderna because of vaccines. and then peacock and paramount plus clearly the trend is streaming tv growth and brand awareness. for each age group there's some unique shall we say brands getting love and maybe a tell on what we like or need for generation z, wendy's was a top five brand for brand recognition growth chipotlerover, they made the top ten because everyone is makingmoney right now. for generation xors like me apparently we soar and smell because icy hot and febreeze made our list. and baby boomers,ty lenol.

because of course. cool and hopefully fun stuff thanks to consult for the data random but interesting icy hot and febreeze let's welcome in one of our favorite guests, there's a lot to talk about. let's bring in cnbc contributor tiffany mcghee we're not going to talk about febreeze although i feel like yesterday the market could have used a squirt. they got some in the afternoon because the market stunk for most of the day and then it came roaring back how are you advising your clients to manage through the volatility >> hey, brian. great to be back with you. so how i'm talking to clients about all of this volatility that we're seeing is that, first of all, the traditional rule book does not change, right. so the basics, kind of getting back to the basics, having a plan, diversity, asset allocation, it can be attributed

to a great deal of the percentage of the portfolio. so it's not rocket science and not super fancy, just getting back to the basics is what's important right now. and just staying the course and thinking about those strategic and tactical moves we can make in a time like this. >> to stay the course you have to have a course what is the course of best option right now, tiffany, when it comes to equity investing >> so we're thinking about a couple of things going forward first of all, don't panic and sell, right. we're really just coming off this year, this past year where we didn't have a ton of volatility, especially with so many new investors in the market this is a little bit -- this might be giving investors a little bit of whiplash, especially with the talk about the fed tapering and tightening and, of course, now trimming so what we're doing is staying the course and looking for these opportunities in individual

stocks so i think kind of going forward, number one we like financials, i've talked about the financials that i own in the show with j.p. morgan and goldman sachs. and i like the smaller like investment banks that people don't talk about as much last time i was on the show i may have spoken about houlahan loki so company like work day we really like right now. and again now is a great time to buy those names. i talk about tech a lot on the show i like the tech names your staples like apple and amazon. but looking for the opportunities. and really looking at companies with pricing power i mentioned lulu on twitter. but then also looking for really doing your deep due diligence on these companies and looking for information you can't see on a balance sheet. by that i'm talking about data that can be captured in environmental, social or governance, esg, metrics. >> and lulu and workday both

meet those metrics, tiffany, i'm assuming >> they do they do. tiffany mcghee, work day, lulu i may or may not have gotten lulu for christmas. >> i did it was a lulu christmas at my house. thanks, brian. >> us too. tiffany we'll see you soon that does it for us on "worldwide exchange. it goes like that, dsnoe't it. squawk and the gang picking up next futures are higher ...and t-mobile will pay for it! i'm talking new customers! i'm talking existing customers like ronald! the new iphone on t-mobile... let's do it! new and existing t-mobile and sprint customers, can upgrade to the iphone 13 on us. on our most popular max plan. do we have a plan for the second half? nah, we're gonna get creamed... but we'll be on t-mobile! new year, new start. and now comcast business is making it easy

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good morning, fed chair jay powell set to testify on capitol hill today as the senate considers his renomination for another term. we'll take you live to washington more companies pushing back return-to-work dates as covid cases surge to a new high. the now focussing on at home testing. and senator marco rubio is accusing intel of cowardice. it's tuesday, january 11th, 2022, and "squawk box" begins right now.

good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and joe kernen, who is just back from the home of the new national champions. that's right, congratulations to the georgia dogs welcome back, joe. good to see you. >> one more day. >> i couldn't believe you came back the day before that happened poor planning on your part. >> anyone notice that hershel is now back in the spotlight. it's all weird, isn't it. >> the last time they won, was it 42 years ago, 1980. >> you're asking me because you think i was -- no. yes, it was, it was 1980 i think it was -- i had been at merle lynch for 80 years no 1980 is when i graduated from grad school. how's andrew doing in what's going on sorkin, i