it is 5:00 a.m. at cnbc, here is your top five at 5:00. interest rates on the rise again, and it could hit stocks and your money the ten year yield pops. it is another big year fort banks. earnings set to drop will the stocks as well? on the rise, oil, back above 85 a barrel demand booming and now power prices in the northeast are surging too. u.s. lawmakers meeting with ukraine as the crisis with russia lingers over europe and it's the 5g fight in the

sky, the battle between airlines and the cell phone companies really takes off it is tuesday, january 18th. this is worldwide exchange good morning, good afternoon or good evening and welcome from wherever in the world you may be watching, i am brian sullivan. good morning, and lett us get right to it. it is not looking good right now. either refill the coffee or go back to bid. futures are across the board nasdaq and tech is what you need to watch that is the market leader. the big tech stocks carry literally and figuratively nearly all the weight in this market and nasdaq futures are down nearly 1.75% you can see the clear value there in the green, but overall looking like it could be a rough start to the market.

the stock market this year has already been marked by a big flip from years past you have big oil and big banks over here. big tech is not. technology again wcarries the weight so when it moves, it moves the index. now in fact, it did not get lot of play last week, but with last week's move, the overall nasdaq composite is now negative over the past three months and looks to accelerate today nasdaq 100's higher, but the overall nasdaq comp down bonds a big reason the ten-year yield is popping again this morning it is back above 1.8%. those are pre-pandemic highs in borrowing costs. oil also moving higher, and it could break above its october highs today for this week. 85.41 is the number, and if so, those would be eight-year highs for the price of oil

we're at 85.04 right now we'll get a check on the cryptos as well, because they've been going in different ways. many of the smaller ones have come up. the bigger one, the bitcoins of the world have come down, you have ether, bitcoin, litecoin. they are lower even the smaller players have done very well markets in asia ending their day mostly lower japan's central bank raising its inflation expectations as you can see, there's a lot of red on the screen. i guess good morning i guess it's morning i don't know if it's good. >> well, brian, as you can see behind me, it is a sea of red, if you can see behind me i am blending into the wall more than i expected. we seem to be tracking the negative sentiment the stoxx is pulling back.

we saw 600 gaining about 0.7%. we were seeing a selloff in technology stocks. that sector is underperforming this morning from a regional perspective, this is what the split looks like 1.3% worth of losses for the german index, the french market down about 1.1, a little more resilient in the uk, but still the 100 down 0.9%. one thing we watching very closely is the german, the ten-year in particular we are flirting with that 0% mark it would be the first time it's done so in nearly three years. so that's something to watch in the hours and days ahead we'll hand it back over to you >> yeah, hard to believe, but it may turn positive for the first time in three year my, how times have changed julianna, thank you very much. let's get to some of this morning's top stories, including on the latest conflict between

ukraine and russia we have that and more. good morning >> good morning. a bipartisan group of seven u.s. senators traveled to ukraine to reaffirm the u.s.'s commitment to that country over a threat of invasion by russia they met with the president in the capital of kiev and are expected to push strong recommendations about boosting sanctions against russia meanwhile, the uk has set short-range anti-tank missiles to ukraine and a small team of british troops will also be sent to that country to provide training researchers out of israel with new data suggesting a fourth vaccine dose has limited success in combating the omicron variant. a hospital in that country began administering the additional jab to nearly 300 medical workers last month officials say while the trial found increases in appnti-bodies

slightly higher than after the third dose, the increased anti-bodies did not prevent the spread of omicron. back here in the u.s., the covid surge fueled by omicron is showing signs of relief in some aria areas hit early by the variant and walmart is make ago move into the meta verse, according to patent documents filed late last month, the retail giant plans to make and sell virtual goods. in a separate filing the company said it would offer users a virtual currency as well as nfts brian? >> all right, we'll see you back in a few moments thank you very much. >> you got it. all right, let's get back to the markets and your money and there are three things you need to watch

number one tha number one, that is bond yields tech stock, oil, and three, earnings and guidance. in fact, several more banks and financials are on tap with their results this week, including goldman sachs, bank of america, morgan stanley, american airlines netflix and big oil. also on tap. let's put it in the mix, talk about what it all means and bring if bill stone, chief investment officer of the glenview trust company great to have you on with your perspective. we're seeing yields pop, technology down. is that a trend that will continue or is this a near-term wound to st wonder to start the year? >> you hit it on the head. rising rates have been troublesome for the tech side. valuations on the growth side,

tech be bing the biggest side o that, whether it continues to work, i don't know but certainly, value in general has been a beneficiary in the financials in particular from the rising rates >> yeah, and i don't want to make too much of it. the ten-year yields have been on the rise, but we're only back to two-year highs it's not like it's yielding 2.5% or 4%. but i to wonder if it's the velocity of the move, how fast everything has changed in just literally 15 to 20 trading days early this year and the end of next year. the vix is up. i think it feels like the market got punched in the face a bit. >> well, i think you can say the mortgage got extremely complacent we were only ever down 5%.

that is in the top ten lowest. so never have we not had a worst enter year down the next year. >> yeah, and you do wonder, you say, you know, the market's gotten complacent. i will say the market is just a collection of individuals without offending our entire audience i would say maybe individuals got complacent i mean, the same things worked in investing for not months, not quarters, but years. and i will bet you, there's 30%, 40% of professional investment advisers who have never managed client money in a rising interest rate environment, because interest rates really haven't been on the rise in about ten years. >> well, and certainly value hasn't worked in ten years, other than in short increments so you're right. it may sense the piling to one

side of the boat >> and what side of the boat is the best side to pile into right now? if we were to pile in to one side are you suddenly all in on big oil again? because it seems like everybody else is kind of, you know, forgotten about e sg&a now suddenly they're making some money and oil stocks are en vogue again. >> as you know, oil and energy is tough you've really got to get the oil prices right i don't know if i'm good enough for that, so i won't pile in there. you have to make sure you have a balanced portfolio have some value in there i would also say make sure you upgrade in quality because rising rates and the fed, you know, raising rates three, and now four times, that should move toward quality companies. >> bill stone with glenview trust company, certainly it is quite the rotation so far in 2022 bill, we appreciate your views

thank you very much, talk to you soon >> thank you all right, folks, we have got a lot more to do on a very busy tuesday more on oil's beg spike, back to nearly eight-year highs. we'll talk about what's really driving prices plus, it is not just oil nearly every commodity higher in the past year. bank of america's francisco blanc is here on how can you make some money here the big retailer kohl's under financial fire, the latest company to face investor pressure to do something, anything, to boost its stock price. we've got a lot more to do futus wnig 'rba right after this.

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all right, welcome back, everybody. oil is on the rise again this morning. crude oil here in the u.s. nearing eight-year highs back above 85 a barrel 85.41 really is that eight-year high overseas it is closing in. there are new geopolitical worries as well, and it's not just ukraine and russia. yemeni rebels claimed responsibility for drone and

missile strikes in abu dhabi the uae says it reserves the right to respond we'll talk about all of this with founder and director of research at energy aspects great to have you on this morning. how much of oil's recent move is just plain old supply, demand. how much is growing tension, russia, ukraine, now in abu dhabi? >> the geopolitics always matters, but it only matters when supply fundamentals are very tight ultimately, what is driving this market is that fundamentals remain very strong omicron fears have been fading for some time now, and are you seeing generally economies not closing down governments are effectively keeping them open because the pressure in hospitals hasn't been as high and we have been warning for months if not years that there

is a huge amount of underinvestment. opec has been dwindling and the biggest issue is inventories are near record lows we're not building and we have had trends before when houthi attacks have happened and oil hasn't moved. it shows you how tight the market is. especially if you think about ukraine, it's not even directly linking up to oil, but just these tensions do add up to those kind of strong fundamentals >> yeah, and that's more the ukraine-russia, more of a natural gas story with nord stream, too. putin flexing to make sure ukrainian doesn't join nato. what's go back to plain old crude oil. opec will be an easy target for u.s. politicians there will be calls for opec to raise output, but can opec raise

output above and beyond that 4,000 barrels a day that it already is as you know more than i do some country, saudi arabia, uae, they could raise their output, others may not be able to. and under their deal, they all have to go in together the 14 musketeers. >> absolutely, absolutely, and i think this is critical, right? and like i said, i'm sure the headlines will continue to come in thick and fast. you're going to get politicians point pointing fingers at opec again if you look at the volatility in oil prices versus natural gas, it has been nothing in comparison the deal is to add 400,000 barrels per day every single month. but of course the challenge that opec faces right now is they are adding about half of that volume, because several countries, particularly in africa, are just unable to add their share.

because the share of investment is declining that is the challenge. but, just a month ago or even less than a month ago, people were asking about will opec pause or will opec correct they are adding every month, yes, the challenge remains that capacity just isn't as high as it is on paper. and we have been talking about this for months. >> and we saw release from the u.s. emergency reserves in late november to try to iease prices. that was probably more pandemic-related than anything because in is a swap not a sale the u.s. government will give oil companies oil out of the spr, but then they've got to return it. so it wasn't seen as much of a market aspect. is there any sign that u.s.

production, new drilling is going to rise anytime in the near future? i don't see it what about you >> not in the near future, there are just too many supply side constraints. even labor shortages i was in houston not that long ago and meeting all our producer clients, and this was unanimous. i do think given how strong their cash flows have been, second half of this year, we have based some productions as well maybe it's wishful thinking for now, but talking to these producers will suggest that they are potentially looking to add some production in the second half of the year, but in the short term, no >> yeah, because you got to forget, it comes down to finance. a lot of banks have been basically prevented from lending money for anything that has to do with fossil fuel products

always appreciate your insight have a great day thank you very much. >> thank you all right, still on dick, black rock ceo, in a bit of a weird spot some claim he's putting issues ahead of profits it's usually the other way around, isn't it his new comments to corporate america, straight ahead. you want your data to be protected and secured. and your customers want seamless and easy. with ibm, you can do both. your company can monitor threats across your clouds, address all those regulations, and still create all new experiences. trustworthy ai powered security. that's why so many businesses work with ibm.

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welcome or welcome back. a lot of red on the screen stock futures are down big more on that in a moment but let's check this morning's other top headlines, including part of the east coast clooening up this morning after nasty winter weather over the weekend phillip mena is in new york with that and more. good morning. >> good morning. senate democrats are making a stand on voting rights today, despite long odds of any legislation passing. senators are expected to debate the freedom to vote act and the john lewis rights act. senate republicans will all but assureedly block a final vote and democrats lack the spupport they need to break the filibuster rule. at least 11 states have been buried in double digit snow totals after a winter storm walloped the east. it's the heaviest snow fall most cities have seen all season.

nearly 2 feet fell in upstate new york and first responders are struggling to get around in pennsylvania this winter storm is also blamed for flooding along the coast in connecticut and massachusetts, powerful wind gusts mixed with high tide led to submerged streets. it was a one-sided affair in los angeles with the last spot in the round on the line, the rams scored first. kyler murray had no room to breathe, throwing two picks. the cardinals weren't able t convert a third down the entire game the the rams take care of business at home, advancing 34 to 11. now the rams travel to tampa to take on tom brady and the bucks. >> i don't know if the rams looked that good or the cardinals looked that bad. never converting a third down, maybe tom brady could have his hands full, what do you think?

>> i think the rams have been building up to this point and it's now or never and they are loaded with all-stars on both sides of the ball for the rams this is their time >> that's right. obj, von miller. not much of a game we appreciate you coming on, buddy. thank you. v have a great day. >> you too. as the weather gets cold, power price is heating up, and your morning rbi will show you why many of you in boston and other parts of new england may have a little sticker shock on your heating bill this month this as oil prices climb again nasdaq futures down nearly 2%. if you haven't already, be sure to follow our podcast. we get it, show is on early. you don't want to wake up early every day. get the podcast, throw it on in the car, whatever, we're back after this

grab another cup of coffee and get ready, because it could be another rough day for your money. tech stock futures, they are down big as borrowing costs pop. oil also on the rise nearing eight year highs as inflation becomes the market boogie man bank of america commodity guru is here to show you how you might be able to make money off of it. and the 5g flight fight taking off as the airlines send the warning about the risk of new cell phone technology. it's all happening on this

tuesday, january 18th and this is "worldwide exchange." welcome or welcome back, and good tuesday morning, everybody. it is just 5:28, if you are starting your day in the markets and your money starting the day on a down note they are the story right now stock futures are getting hit prety hard across the board. dow futures under 1% down, but big tech again that's the problem, nasdaq futures off about 1.75%, more than 200 points so it could be a rough, at least start, maybe not finish but start to the market right now. the vixx, the volatility or fear gauge if you will that is up more than 12% right now. you have big oil and big banks, they're hot again. they were ignored for years

while big tech, which made everybody money suddenly cold. in fact, it didn't get a lot of play but with last week's move, the overall nasdaq composite is now negative in the past three months the nasdaq 100 is up but the comp, the whole thing, is down over the past 90 days. bond yields rising, a big reason we are seeing a shift out of certain stocks not all stocks, but certain stocks like high-tech and high valuation. this morning, the ten year yield it is popping again. it is at 1.83% and those are pre-pandemic highs for the bond market. in other words the bond market, the ten-year yield has all but wiped out its pandemic lows. remember at one point it was under one half of 1% that made borrowing cost, mortgages, refis, credit cards, car loans, it made those rates go way down, so look for those rates to spike in the next

couple of weeks. if you're wondering why yields and stocks matter, they do look at this chart this is a one-year of the ten-year yield versus the nasdaq 100. i know it doesn't show a clear move because bonds, they don't move very quickly. but we are seeing that as yields move, look at the far right, spiking up, and seeing the nasdaq sort of roll over just a bit. again when yields go up, tech stocks, not always but mostly, come down. and, of course, technology stocks kind of, they run the show they're all the market weight so it's hard for the overall averages to go up when big tech goes down. some of this morning's other top headlines, including a warning by the heads of major airlines about the impending roll out of a new 5g wireless service this week scary stuff, silvana is here with that and more. >> reporter: ceos of major

commercial airlines are warning of a potentially catastrophic crisis heads of airlines sent a letter to the white house, faa, fcc and department of transportation they say a new c band 5g wireless service set to be deployed by at&t and verizon, could make a scignificant numbe of wide body jets unusual. at&t and verizon agreed to buffer zones around 50 airports to reduce interference they argued the new service has been launched in several countries with no problems. blackrock's ceo larry fink is defending a movement to push companies to focus on issues such as climate change and profits. fink says stakeholder capitalism is not ability politics, it's not woke, it's capitalism but also defends blackrock's stands

of engaging with versus completely diversing from gas and oil companies. andrew ross sorkin will have more on "squawk box. and kohl's is coming under pressure to take action, including a potential sale "the washington journal" says the advisers have a roughly 5% stake in the retailer, urging kohl's to add more board members with retailers kohl's shares are down about 20% since it settled a previous proxy fight last april brian, back to you >> silvana, i don't know about you. when i fly, i don't want the words catastrophe or catastrophic anywhere near my airplane. >> that is terrifying to hear. >> talking about cell phones disrupting flights, and yet somehow there's a debate about this no thanks. turn the phone off so we can land. >> yes it's no that hard.

>> thank you no, it's not that hard you know what is hard, a lot of commodities. let's talk more now about commodities and inflation. we know that you know the price of oil and gas have gone up in the past year, oil up 60% and higher right now but did you know that it is not just the liquids, in fact, nearly every type of commodity that we follow is up in price. look at the one-year moves lumber has basically doubled morning coffee, up 87% in the markets. aluminum 48% gain in 12 months coil steel, is there any other kind up 40%. orange juice up 22%. and then all of your foods, cattle, hogs and corn all up double digits in 12 months some commodities are down, ones you don't care about, medals like platinum and palladium, that's about it. let's find out where there may

be some good opportunities for your money with francisco blanch, b of a's head of commodities. i want to start with oil and gas. that's the story 85 buck oil in america again this morning that's above your price target, my friend, i believe are you going to have to revisit that or you think this might be the peakfor oil prices this year >> it's not quite above our price target we were talking triple digit oil by the second quarter for several months now one thing we face is inventories are at a very low point, demand is about to surge as we go past this omicron wave over the course of the next month or so and importantly, opec is starting to run tight. we believe russia's spare capacity will be done and over with by february so we're going to become

increasingly reliant on saudi arabia and the united arab of emirates triple digit oil is coming. >> i'm going to utter the three hardest words in television, i was wrong. i had your target down here at 82 maybe that was from 1922, who knows. so what is your price target for u.s. and brent crude >> we have brent at $95 a barrel on average for the second quarter we have wti $3 under but that's the average price most likely see triple digits into the summer months because there's going to be a competition at the refinery level to produce more gasoline, more jet fuel, more diesel because as soon as, you know, we get through this wave i think everyone is going to be out on the move when i mean everyone, i don't mean just everyone in the u.s., i think the world is ready to

move again remember, services have been lagging international air travel has been lagging and all of that is going to change i think in the next three months. so my worries that we don't have enough energy to make ends meet in the next three months, maybe we end up with a bigger spike. and again, prices are just signals. we're going to have to slow demand somehow and encourage more shale supply. and until now we haven't done so that much. >> and i know -- i want to veer off just a little bit here i know you're a commodities guru, not an epidemiologist. i'm neither. you can look at the forecast, smart people and the imhe are showing, it's going to be a couple of rough weeks for health care workers and people in america in south and west assom moves. if you look at the trends here in the northeast, europe, and

pfizer's ceo over the weekend, you can make the case that the pandemic is, quote, over by april. and i don't mean over by there's no cases and people don't struggle, i mean, from a global perspective. is that your view the world gets back to a normal state of travel impacting commodities? >> that's our view we think we get to a normal semistate. the big question mark is how does china react, china is the second largest consumer. so what happens in china matters. and i -- you know, i think, obviously, china needs to get through the winter olympics. how they handle omicron there is going to be very important if they go through mass lockdowns across the country, demand could take a hit and that could require relief but if china takes a more

relaxed view on coronavirus, then we have more demand so it's problematic. by the way, you mentioned corn there, 12% up on the year. the reality is, we have a massive increase in the price of fertilizer but also harvesting corn and wheat and soy takes a lot of oil, a lot of diesel you have to irrigate, you have to harvest you have to plant. there's a lot of things you have to do that take a lot of oil and, of course, you have to fertilize which takes natural gas. so all of that feeds to higher food price as well so the inflation we're seeing could continue in the course of the next 12 months it's going to put central banks in an uncomfortable position. >> is there one commodity right now, hard, soft, whatever it may be, that you and your team are recommending to your clients >> within the metals, probably

nickel and aluminum are the right places to be at the moment we think within energy probably oil into the summer and if you want to be more specific, you could go for gasoline or diesel. and then within the grains we think, within the agricultural space we mentioned, most likely corn as the beneficiary of the trends >> well, if we don't want to drive or eat, i guess everything will be just fine. francisco blanch, bank of america securities -- >> thanks. >> we appreciate it. we have our viewers googling electric bike. coming up another big week for big bank earnings. we're back after this. stock futures are down 1.5% on abe nasdaq oil ove 85 we'll see you on the other side of this short break.

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welcome back bank earnings continue to roll out this week. you have some heavy hitters out there, goldman sachs, bank of america. the results after last week citi

reported a 26% drop in profit. j.p. morgan posting its smallest earnings in two years. and its cfo lowered guidance on company wide returns joining us for a look at what this weekend might hold is rj grant. good to have you back on what are you looking for this week how is the themes and the focus sort of changed, if at all, from j.p. morgan's numbers last week? >> that's a great question so friday was a pretty wild day in the markets, especially within the dynamics of the financials j.p. morgan was a bit of a surprise with higher expenses. now investors i think are going to be looking to see if higher expenses at the banks are a theme going forward. now i think, you know, what we saw friday was a big unwind of

larger cap bank exposure, more the universal banks kind of sold off, the banks that are more levered to capital markets activity, normalizing and what we saw starting kind of midday after the initial weakness was investors coming into the more regional bank names that are levered to higher rates. i think that is probably going to be a trade, especially on a relative basis i'm not sure on an absolute basis, especially if the tape continues to be weak i think the relative trade of getting into regional banks that benefit from higher rates and kind of away from the -- more of the universal banks that are levered to more thick trading m&a and different types of fees they've been generating the last couple of years, i think that's going to continue. >> and i think, if what i'm hearing is -- through it, rj is this, i know we're cnbc and we

love the big banks, j.p. morgan, we love talking about them but it sounds like we're going to make banking boring again these regional banks that we don't talk about, they collect deposits and they lend money, that's it. sounds like those might be the places to be. >> yeah. i think that's right i think you nailed it. it has been such a long time since we've gone through a rate hiking cycle we tried a little bit toward the end of 2018, that didn't work out too well so we've been stuck in this low er for longer environment where investors within financials have been looking for financials that can pull on other levers such as strong m&a, trading whether it's fixed income or equity and fees. i think over the course of 2022 you'll see the trade go the other way to your point, where

we're going to get back to more boring, traditional, regional bank names that lead us higher especially on a relative basis >> yeah, the kbw nasdaq and bkx are at or near all time highs. the named indexes are doing great. any names inside those indexes you guys like more than others right now? >> congratulations to our bank research team. it looks like they nailed it pretty well, especially on friday, to have more of a tilt toward the regionals this week coming up we like cfg, citizens, it's a cheap bank leveraged to higher rates. i think it gets a little bit harder from here because to your point, banks whether regional and larger cap are up over 10% on the index level to start the year so i think it becomes more of a

stock picker's game. so we like the cheaper banks that are massiveliy levered to higher rates so cfg would be a good pick there. >> cfg leaving us with a name pl we'll call it opportunity tuesday here on "worldwide exchange." rj grant, we appreciate you getting up early although i figure you're at your desk anyway because it's a big week for you. >> thanks, brian, have a good one. coming up, your morning rbi and why new england may be turning into old england at least when it comes to energy costs and power prices plus, victoria greene is in the house and she has energy stocks she loves right now futures are down big, sdnaaq off 1.5% we're back right after this.

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england? put another way is boston the new london, and not in a fun way. this is about energy costs because something big and bad happened over the weekend. electricity costs skyrocketed across new england look at this map of power prices from sunday. this is a screen shot of the real time energy wholesale electricity price from iso new england. it showed electricity at mega watt hour at more than $200 across various zones you're thinking what does that mean the daily average last january for the month was $43.75 and that average was nearly 70% higher than the average price for january of 2020, which arguably was very low at the time but in other words, for a period on sunday, new england wholesale electricity prices spiked to nearly 700% of the monthly average of two years ago because

super cold weather surged demand for power to heat homes and a big chunk of power production had to be made up with oil yes, oil now that we have your attention, let's chill out a bit. does this mean that your heating bill is going to go up by 700% of course not. it was one day and the costs you pay are probably regulated or fixed. but that does mean somebody, somewhere is going to pay. and it also means that if this cold continues and new england has to import natural gas and oil by giant ships and carbon spewing trucks, your bill will go up new england. maybe a lot. just ask your friends in old england. random but interesting by the way, prices are still extremely elevated they're not at 200 plus but looking right now at a live market map of prices around the boston area. 145 per mega watt hour today and

the day ahead because they forecast the next day as well. 155. the average price per mega watt hour was about $45 last year we're now at $145. by the way, less than 100 miles from one of the biggest natural gas fields in the united states. speaking of oil and energy, our next guest was bullish on these stocks when nobody else was last year and may be getting more bullish now let's welcome back our friend, victoria greene. great to have you back on. and by the way, great calls. last year, i get it, still a lot of people saying never invest in oil and gas stocks again you you're in texas and said there are names we can confidently invest in and feel good about it. congrats what did you see that others missed >> i think the esg trend is a long term trend but it takes a long time to adopt so we looked

at production and the rate counts and realized there was going to be a shortage we liked that, and liked it as a great inflation offset we were happy to be early. it's a trend we'll continue to ride i think people need to understand while esg is the future, there's still technology and infrastructure to figure out. we looked around and said somebody has to be running all these cars and as you pointed out the power backup, somebody is providing jet fuel. so we're glad they've had this run. i think it's a great place in the market to be and also doesn't have the issues that the tech variables have right now with where multiples are so high. >> yeah. they might -- multiples, by the way, were -- not now but they were when you started talking about the stocks at multi year or decade lows are you trimming any at all? they've had remarkable runs, some in a couple of weeks.

>> you had a lot of the emps, they're in the emp space right now we're letting them run we're looking to pull back a little bit if oil pulls back above 100. oil above 100 is not sustainable. we like it to stay at the 70, 80 sweet spot at 100 opec may not play as nice and it's a drag on the consumers' wallet. we don't want that we don't want people to sacrifice consumer spending because they're filling up their tank and over 100 have been historically difficult to sustain. >> viewers tune in, i'll be hosting fast money at 5:00 p.m. tonight. we talk a lot about etfs sometimes. those are made up of a bunch of companies. sounds like you're saying you

need to go best of breed, diamondback, bill thomas, eog, always in the list of top management you have a stock picker not macro buyer. >> you have to be in the right place. the names i like, they're shareholder friendly and not going back to the wild catting days that's the difference nancy pelosi that's the difference you're not seeing the demand come on, they're shareholder friendly and they're going to be free cash holder generators and a lot have this fixed variable now, where free cash flow is distributed as base dividends. so you're in a market that's a great inflation offset, two does well in a period of rising rates and growing economy. three the industry has shifted much more shareholder friendly instead of cap x you see the money return to shareholders yes, buy the names you like.

be picky it's going to matter what you own this year. >> yeah. putting the money in a check in the mail to shareholders not in a new well in a hole in the ground victoria greene calling the names before so many others. we appreciate it thanks so much. >> thanks, brian >> good call there by victoria greene that does it for us on "worldwide exchange. we're leaving with stock futures down, nasdaq off about 1.5%. oil on the rise. ten year yields, they're popping. i'm going to say good-bye but i'll see you in 11 hours on "fast money" right now, squawk anthe ngd ga picking up all your valuable coverage next. have a great day ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪ ♪ what a wonderful world ♪ a rich life is about more than just money.

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good morning, stock futures falling this morning, and oil

prices hitting a seven-year high a lot has to do with some ten year numbers we haven't seen in quite a while. tell you what's moving right now. blackrock's larry fink is defendsing stakeholder capitalism as not about politics and not because it's woke. he explains his comments to andrew in an exclusive interview straight ahead plus airport delays could soon get worse, several airline ceos issuing a warning over at&t and verizon's push to finally roll out those 5g networks that were delayed. it's tuesday, january 18th, 2022 and "squawk box" begins right now. good morning, everybod