it is 5:00 a.m. on wall street here is your top five at 5:00. will the wild week continue? futures are higher after the s&p's worst day in nearly a year nasdaq coming off the worst day in a year and facebook makes history. and it is all about the beats. starting with amazon and the first prime hike in years. and snap surging in wild pre-market trading that stock set to add $20 billion in market value in the

open are you looking for possible to bargains your friday insider buy is back with one huge name making one of the biggest buys we have ever seen it is friday, february 4th and this is "worldwide exchange." good morning, good afternoon or good evening. welcome from wherever in the world are you watching happy friday i'm brian sullivan we have a big show which includes dez bryant on the big nft play he is here in a few minutes. right now, let's kickoff with your money. stocks are higher across the board. technology with the volatile week with nasdaq futures up more than a percent we're seeing a big rebound in the market today

all this coming off a 4% hit from the nasdaq yesterday. that was that index biggest drop since september of 2020. you had a lot of activity. heavy volume in the s&p 500 and nasdaq market etfs spy is north of 100 million shares yesterday 30-day average is 106 million. invesco qqqw with 94 million shares traded. markets fell a lot of people were doing a lot of trading as stocks fall, oil keeps going higher oil is above $91 a barrel. that is since the first time from the fall of 2019. supply is up and inventory is down oil and gas stocks areup xle energy etf is up 22% just

since january 1st. look at this over the past year energy stocks out performed the nasdaq qqq by 56%. 33 of that is coming just this year oil stocks up 22 tech down 11 wow. what a crazy world speaking of the world, around the world it was another wild day of trading in asia overnight and europe just getting started. let's see what is going on with julianna tatelbaum in our london newsroom julianna >> reporter: brian, good morning. great to see you as for the overnight session, hong kong was the standout there. we did see green across the board. the hang seng up 3.2%. the first day this index traded after the three-day holiday period we saw technology catch a bit. c taking a cue from the state side

overnight. it is a mixed picture. we have red on the board dax is down 0.8% this morning. ftse mib in italy with pressure. ftse 100 is up 0.4%. showing you how foreign currency is faring with focus on the euro currently trading 0.2% higher to 114.64 yesterday was a huge day for central banks. they held steady on policy the president of the ecb did not push back when asked about rate hikes. in december, she said it was unlikely they weould raise rates when asked to repeat it, she would not do so. now changing on the euro and many calling for the long euro and short euro/u.s. dollar trade. brian, back to you >> julianna, thank you have a wonderful weekend

appreciate it. this morning is all about earnings and out size moves. we are seeing technology stocks make crazy trades right now and making history in their own ways first up is snapchat parent snap it is rocketing. that stock is up 20% social media company reporting its first ever quarterly net profit the company posted 22 cents per share adjusted that compares with 10 cents per share. next up? a company you heard about called amazon surging at the open or will after posting a huge earns beat for its quarter. amazon raising the price of the prime product to $139 per year investors love it. stock up 12% with the stock of that size, it will move like facebook did to the down side, apple should do

to the upside today. speaking of the broader markets and a crazy past two days for investors, especially for the nasdaq the mega cap tech stocks take away, they give right back you need another example after facebook imploded the market yesterday, amazon, which we showed you, could right the ship today all this as the fed looks to raise interest rates and your next guest tries to answer the question what year is it joining us now is brian lelevitt with global market strategist at invesco. did you come up with any answer? is it 1994 is it 1998 is it 1948 >> i have been getting that

question a lot people want to say it's 2015 beginning of the tightening cycle and we have time with the stock market with the big adv advance. maybe '94 when greenspan raised rates seven tiemes. it feels like post-world war ii period what was unique about the environment when the american soldiers returned to war and buying a lot of household goods when the factories were repurposed and we had a supply problem. what happened over the next year or two, we rebuilt supply until the economy was oversupplied inflation came up significantly and came down significantly. we're in a unique pandemic cycle. not akin to a war, but nonetheless, we are dealing with similar challenges a lot of demand on the economy and trying to get people back into the factories to get the production back up significantly. i would not be shocked to see an

economy a year from now that could be oversupplied. >> okay. we know the economy is not the stock market sometimes we try to tie them together shame on us. they are totally different things in '94, we came out of the recession. the fed, by the way, was raising rates aggressively and the stock market boomed from 1995 to the tech bubble. i don't know what happened in 1948 maybe you do from a market perspective, is there some better historical comparison we can make about what is likely to happen >> well, we hope we're looking at an environment that in 2015 to 2018 environment. in 2015, the fed raised rates once and we got tightening conditions and they had to back off. similar in 2018 with the u.s. and china trade war with the

conditions tightened the administration provided more clarity with the trade picture we're in an environment where we are dealing with policy given7% inflation. when you are dealing with that uncertainty, markets will be volatile we see financial conditions tightening and indications of the economy rolling over what will need to happen this year is we he will need to see inflation pressure down and policy back off. >> can the stock market rise this year, brian >> i think the stock market can rise this year it will be higher than where we are today. maybe the 2011 flat to slightly positive year on total return basis. >> brian levitt of invesco have a great weekend see you soon thank you very much. >> thank you we are just getting started and when we come back, the monthly jobs numbers out later on this morning.

is it possible we could see a negative if so, how is that possible and maybe the hottest job market of all time the ceo of recruiter.com is here plus, would you believe an $850 upside to a stock in the next year? it's true. the stock that is the kraken is ahead. there is the mystery chart we'll show you the name when we're back right after this. staying up half the night searching for savings on your prescriptions? just ask your cvs pharmacist. we search for savings for you. from coupons to lower costs options. plus, earn up to $50 extra bucks rewards each year just for filling at cvs pharmacy. this is the new world of work. each day looks different than the last. but whatever work becomes, the servicenow platform will make it just, flow. whether it's finding new ways to help you serve your customers, orchestrating a safe return to the office...

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welcome back time for the friday big money movers three key stock stories. stock number one is ford swinging to the fourth quarter profit it did fall short of the forecast that stock is down 5% right now. sales also missing estimate. supply chain issues continue to impact its ability to meet demand ford giving the outlook for the year saying it has more than 275,000 ordiners for the mustan mach-e stock two is pinterest shares bouncing back from yesterday in a big way up 15% right now reported first full year profit. more than $2 billion in annual sales. it added 6 million users in the last month stock number three is clorox getting its clock cleaned.

stock down 11% clorox profit fell 67% demand dropping for disinfecting wipes. clorox expecting a sales decline of 1% to 4% this year. coming off hard pandemic sales comps. people were buying everything to wipe stuff down. remember that? me either. the january jobs numbers are out today and despite 10.5 million open jobs in america, it is possible this report could show no job gains or even a negative number. the averages estimate is for a gain of 150,000 jobs. there are some economists expecting job losses up to 400,000. this despite employers desperate for workers. really any workers check this out recr recr recruiter.com estimates hiring spending will increase by $50 billion this year.

joining us now is evan from recruiter.com. we have a lot of people up that run companies right now and trying to figure out how can i find the best people help them answer that question what do they need to do to get not only an employee, but a loyal employee >> you are asking a great question good morning, brian. you know, the challenge right now is that the quit rate is much higher than the higher rate i know we are awaiting the 8:30 job numbers. we are looking at the hire numbers. how many hires through the month? the tunumbers last month were actually disappointing 6.2 million people were hired in december that's the december numbers. 4.3 million people quit.

if you look at those numbers as a percentage of the 2019 average, we're hiring 7.3% more than the average in 2019 we're quitting 23% higher. just on the december alone, 30% more people quit this december than last december how do you keep up with that that is the challenge, brian you have to hire faster. we started to see as an indication is companies were stocking up on recruiters like stocking up on purell before the pan pandemic we see the demand right now for recruiters >> recruiting is back. maybe that is its own job market, evan with respect to anybody out there. i can't stand the term the great resignation. i use it now i don't like saying it i don't like the term because you just laid out the data

resignation implies people are quitting and going away. you said it. people are working they are changing jobs maybe it is the job hopper economy more than the great resignation. you are in a lousy job someone will pay you more. you will do that where are people going they are not quitting forever. they are changing jobs where are they going >> let's make it even easier if i'm working remote and created this remote working environment, who cares my computer is the same. my life won't change my commute won't change. all those other things won't change because i'm working remote the price companies are paying allowing people to work from anywhere is it is so much easier to switch jobs by the way, that $50 billion is that the average cost to hire is actually the money spent on

hiring in 2020 was $4,425. that's on the low end side of the market not the executive side use that number and multiply by the numbers of people hired in 2022, that number will be $50 billion. >> you may have millions of workers, evan, who have never met their coworkers. are they loyal >> there was a study done where 40% of people where friends are from work. what if you never go to work >> you never actually have friends. you have virtual friends which defies the age evan sohn, incredible. job recruiters may be the hottest job market evan, thank you. >> that's right. that's right >> evan sohn, recruiter.com ceo.

>> thank you, brian. >> you are very welcome. have a great weekend i almost said wake-end still on deck from the nfl to the nft craze wide receiver dez bryant is here he will talk athletes and the tease and what is looking like a 21st century trading card. stick around >> announcer: today's big number $39,351. that was the average outstanding student loan balance in 2021 according to a report by educationdata.org. over 33 million people in the u.s. currently carry a balance federal student loan bills are set to resume ayin m after being on pause for over two years.

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welcome back i want to follow-up on a story that we brought you from london back in november remember that? the electricity and power costs for british families would spike. that reporting turned out to be correct. it is happening now. the uk power regulator, off gem, approved the biggest price hike from power companies as of april 1st, they will be able to raise by 54% that is on top of a 12% mike

october. this is being done because more companies are in threat of going out of business. england has been desperate to buy nat gas. it is paying premiums to do so policymakers closed the only natural gas field in 2017 and wind is not producing the power the country needs when or where it needs it. there is no other replacement for coal or nuclear power. that has gone offline in recent years. this means the hike could mean british families may pay around $1,000 more per year for heat and electricity. some agencies now predict this could increase could send 1 in 10 british families into what they call energy poverty some, perhaps, even to choose

between heating or eating. by the way, this all happening at the same time that national income tax and national insurance rates are also set to rise in england. it is going to be a very tough year for millions of british households in response, the uk government is trying to blunt the impact of higher costs by offering subsidies to families. many say it is not enough. may get worse before it gets better there is the real possibility that rates will go up again this coming october which means families in the uk could be facing three electricity price hikes in just one year and maybe a doubling it's early let's be blunt about what is happening in england the uk government is proposing spending taxpayer money to give back uk taxpayer ws who are facg

high spikes due to terrible planning by the uk government. the crisis trying to be solved by the same people who created it think about that let's get a check on the other top stories, including the crazy weather we're having in half the nation. frances rivera, what is going on with this weather? it's awful >> we haven't seen a storm like this in a while. stretches through so many states major winter storm wrecking havoc across the country snow and sleet causing crashes in the south some deadly. tornado in alabama leaving one person dead and injuring others texas is without power as the state deal was freezing temperatures downed power lines in tennessee with thousands without electricity. now to this story. one of two men convicted of killing ahmaud arbery will not plead guilty lawyers for gregory mcmichael

say they are ready for the trial to begin on monday and travis was convicted in 2020 earlier this week, the district judge rejected the plea deal terms which would call for a 30--year sentence for both men to be served as the state terms. we are about an hour away from the opening ceremony in beijing. the 2022 winter games officially kickoff this morning tonight, look for big air here with the u.s. women in slopestyle qualifying and the mixed doubles curling team looks to slide back into the win column against sweden. kicking off the action at the games. a different looking games in so many ways, brian when it comes down to it, the competition is still there >> kicking it off. frances rivera, thank you. we will see you on monday. have a great weekend >> have a good one. straight ahead on "worldwide exchange." from meta and snap to pinterest

and paypal digging into the wild post earning stock swings and unusual options action that could be playing a big role we will hit that as nasdaq futures are soaring this morning. we are back right after this nurse mariyam sabo knows a moment this pure... ...demands a lotion this pure. new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. two out of three guys experience hair loss by the age 35. kind of scary. that's why i use keeps. keeps offers clinically proven treatment, and the sooner you start the more hair you can keep. get started for $1 a day at keeps.com.

the market roller coaster is not over yet futures working to bounce following thursday's meta melt

d meltdown what meta take, amazon gives he back get ready to pony up more dough for the prime account. weekly insider buying is back including one faang ceo snapping up $20 million of his own company stocks one of the biggest insider buys we have ever seen. who is it? you have to stick around to see on this friday, february 4th this is "worldwide exchange. welcome or welcome back. good friday morning. good friday evening if you are watching from australia or asia. thanks for joining us. here is how your money in the global markets are setting up the day. stock futures are higher across the board. dow futures not doing much nobody watches those anymore

anybody only cares about the nasdaq and they are up about 1%. little off their peak in the pre-market still they are higher across the board. all this coming off a 4% hit for the nasdaq on thursday by the way, that was the nasdaq's biggest drop since september of 2020. not only did it fall, but a lot of activity. very heavy volume in the s&p 500 and nasdaq etfs had 20% or 30% more volume than normal. as oil stocks go down or stocks go down, oil keeps going higher. it hit $90 a barrel yesterday. it is now at $91 per barrel today. it is the first time since the fall of 2014 that oil has had a nine handle in the price of the demand is up and inventory is down that means gas prices are going up, up, up don't blame me.

also, shares of snap are sky rocketing on the back of fourth quarter results. top estimates are earnings, revenue and using growth reporting the first quarterly profit ever. shares hit during thursday's meltdown with facebook and selloff on the social etf. they are bouncing back up big in the pre-market we are seeing a, dare we call it, a snapback we would never say that. shares of amazon stock is surging. amazon on pace for the biggest one-day jump in a decade put it a different way amazon added $200 billion in market value today that would be the single biggest cap stock market in history t would be the biggest value of the companies in the s&p

highlights include the gain of $12 billion from investment. on sales of $137 billion the highest since 2017 amazon web service and cloud nearly 18 b$18 billion. advertising up $30 billion for the year they are raising prime fees 17%. you will now pay $139 per year all of this, by the way, is good news for jeff bezos and that bridge destroying yacht he is building joining us is scott. scott, great to have you back on again. amazing. yesterday, facebook was the end of the world people were crying in the streets. today, amazon ready to give it all back what was the most impressive thing to you about amazon's

numbers? >> gosh, you know, i look at three places north american businesses come back in cycle. profits will be higher they talked about that on the call aws continues to crush it. massive growth and growth trajectory there looks solid and the final thing you pointed out. the kraken. amazon has so many tentacles we see the sum of the parts is over $500,000 a share with the pieces inside that company >> what is it? release the kraken >> exactly >> by the way, should amazon, rivean stock, i don't know if you are an analyst, it is down

$100 a share the stock is all over the place. a lot of options in the company. is now a good time for amazon to sell that stake or keep it >> i think on the broader persp persp perspective, i'll not tell them what to do, take the shareholder value. the company has to think of unleashing the kraken to think about value. there is talk of spinning off aws. they tamped that down. you go into best buy and they made announcement that aws is their provider on the cloud. you walk through a best buy. seven displays are amazon. they are huge in devices ai and robotics and pharmacy business attached to it. there is a lot of pieces to it you may see something like at&t where it breaks up a little bit. you talk about the big distribution with

state-of-the-art a lot of value inside this company. likely to be unleashed to shareholders over time >> let's talk about the prime price hike because, you know, as a consumer, i thought time to time about is it worth it? you pay the $99. then $119. now $139 you think could you do better? i never price shop on amazon will they lose anybody is amazon a public utility at this point and people will take t the increase and move on and not think about it >> it is funny our research and consulting firm on consumers who have done the research on the prime membership it is sky high your point is interesting about being a utility. what they are doing, especially in north america, they are in 24 hours with ldelivery

it is an article of how do you lose your prime membership after i read that, i said why would you want to lose your prime? they will probably lose some people i think when you put a price increase like that, you shed a few customers. in the end, the value over prime membership is really significant. they can do things other companies can't do a couple million items to your house in 24 markets in north america in 5 hours or less that's the bottom line we look at it as a utility we wonder if the government will look at it as a utility over time because it is building a monopoly $60 billion in cap-x some will go to aws. in the u.s., they doubled the square footage in the distribution we have seen the amazon trucks running around it is the modern-day mailman is

how we phrase it >> yeah. by the way, you know, we talk about netflix raises the price by $1 and everybody is saying you're going to lose customers amazon raises $20 and nobody talks about it i have a feeling senators who with shall be unnamed will love showing pictures of jeff bezos' 400-foot sailboat having to tear down an old bridge in the netherlands to get to the sea. scott mushkin, have a great weekend. thank you very much. >> thanks for having me on appreciate it. you are welcome. if you don't know the story, jeff bezos' yacht is so big, they have to tear down the bridge to get the boat out to sea. they will rebuild it. a video maker sees shares takeoff on earnings. first, coinbase giving users

the option of receiving refunds in crypto. users can pick from 100 to have crypto deposited into. if you get a refund. and entering a new space tiktok and blackrock with a post of young professionals of the firm's office. hidden message is get back to the office. and after two years, southwest airlines bringing booze back on board. drinks shall return on february 16th union representing the flight attendants calls the move unsafe and irresponsible because some people drink too much and act like idiots. don't do that. we're back in a moment

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good morning welcome back happy friday we are seeing stock futures mixed. the nasdaq is what you care about. dow futures are flat nasdaq is where the action is at and the action is higher off their peak, but still up 1%. who are the gainers? look at that amazon massive gain amazon today literal if you just joined us, amazon could add more market value in one day than any company in american history if those gains hold that's random, but interesting

and seem and docusign. what about the crypto markets? what they are doing today? a volatile week. tracking with nasdaq they, like the nasdaq, are higher right now r we will give you a quick bonus money movers shares are rallying. both on the top and bottom lines. the gaming company seeing opportunity in the transition to interactive real-time 3d whatever that is drive growth for decades the next is skechers setting a record for sales last year the growth driven by strong direct to consumer channels and improvement in the supply chain slowdowns and finally gopro is going up the cameramaker with the revenue growth from the subscription

service. gopro is increasing the hardware offerers from four cameras up from two you go, gopro. on deck, the weekly insider buying is back we have the biggest ever insider buy of all time. it is a beaten up name you know from a company you know. you got to hear it by the way, amazon surging on the results. susquehanna's chris murray will join us. and we are celebrating the black history month and david henderson with his personal story on discrimination. >> my wife and i had our house appraised twice last year to sell it and the second time it appraised almost $50,000 higher than it did the first time what changed

the first time we were home. the second time we made sure we weren't. we took down all pictures of ourselves and our family one of the most important things you can do to improve the financial future for the black community is recognize the discrimination like this occurs because you can't fix what you won't acknowledge.

all right. they say rainy days and mondays get you down how about rainy days and fridays? raining. the white house lit up in red, white and blue done for the kickoff of the winter olympics tonight. time for the weeklysegment it is back

we highlight the top five stocks bought the most from the level executives with their money and it comes with our thanks to insiderscore.com as always, we are counting you down five to one these stocks have been moving. let's go stock number five is verizon a buy just under $1 million by the ceo. that was his first ever insider transaction. stock four is microsoft. $1 million buy from board member emma wonsle. she is the ceo of gsk. stock number three charter. $1.6 million of that stock from the ceo. this executive has a very good insider buying track record. in other words, tends to buy when the stock is ready to go

up stock number two nextera. buying under $5 million. he is part of a group of five insiders buying nearly $6 million in stock he had the biggest the biggest insider buy of the week netflix. ceo stepping up with the massive $20 million buy. by the way, his first ever massive insider buy of netflix he above 51,000 shares at $389per share. the stock has been crushed stepping up on weakness. one of the biggest insider buys we have ever seen. there you go top insider buys this week big names. verizon, microsoft, charter, netera the biggest renewable maker in america and netflix. we do this almost every friday

and a segment you will only see and hear on wex or cnbc pro. if you are not a member of cnbc pro, what are you waiting for? sign up today. let's get back to the broader markets looking to bounce back after the thursday selloff. that is fueled by the post earnings surge from amazon, snap and pinterest. it is different for fellow tech like paypal and netflix. these big swings may be less about the results and more about the options action we have talked about it a lot. let's talk about it again with chris murphy chris, welcome back. we need your insight i'm not going to knock anybody anywhere for saying the fed may raise rates one more time this year that's why the market is down 8% i think that's not the case, but we can disagree. that may be the fuse, but it is

the options activity that i believe is causing the huge swings and big volume jumps. if i'm wrong, please tell me i can handle it. what's going on under the hood >> i think you are right i think, you know, everyone is talking about the option position when they need to hedge to exacerbate the moves. the very near term swings. why is the s&p down 12%? why was it down 5% in january? that's not because of the options. that is not because of the gamble what the options are doing is leading to more very near term swings and exacerbating near-term moves. the direction is not as much impacted by the short-term they expire within a couple of days the ones with the impact are expiring they will not last

the choppiness and intraday moves where it is having aim pact volatility is higher in general. when it gets higher, liquidity decreases and that is a negative feedback loop. you have larger near-term option positions whether because of earnings or hedging or anything else they have having an impact on the near-term swings. >> do we have an situation which way the options in the big name stocks want the stocks to go do they care they are looking to profit from the volatility itself. >> it is a mixed bag if you asked me that we in 2021, i would say most of this is playing for the upside we saw more call activity, especially the odd lot, small lot with retail trading.

small lot premiums are down 50% from peak gme levels we are seeing with the occ data recently highs in opening small put activity it is not out sized on the puts. it is dependant on the stock you saw people taking positions in amazon. a lot of trading going on. all of a sudden, amazon with good earnings and bounces back that speaks to the intraday swings not only are we seeing the intraday swings, but largest overnight moves we have seen in a long time. >> is that because with the s&p 500 and liquidity is terrible. the worst in two years on many metrics. >> that will not help. the markets also selling off more than it has in two years. there's just a clear

relationship between the liquidity and the volatility when markets are making bigger swings and you are expecting bigger swings every day, things widen out and thin out that is natural. it goes back to the feedback loop a little bit. we have to wait and see with the volatility sellers coming in when it becomes more consistent, we see a cap on the volatility or swings and we start to return back to normal a little bit there. >> is there any macro trade that you can see right now with your options crystal ball, chris? in other words, are people betting the s&p or nasdaq will boom or that the chinese market will go up is there any directional indication that you can give us on a macro level >> sure. you mentioned the chinese market we have seen bullish flow in etf the last couple weeks with

the rebound hasn't happened. a couple of false starts there investors are focusing on china out performing this year if you think about it, if we are focused on central banks and the fed, it is getting tighter here. there are signs it is loosening out there. if that drives markets and it has for a while, maybe this is the year that china out per performs we are seeing that there yesterday, when the s&p was selling off aggressively right at the indivisiend of the day, a bullish trade just about a month out looking for a rebound back to the levels we started this year that was one trade the trades are really all over the place. we try to pick through them. we are seeing the trend in the china stocks for sure. >> wow a bit of a bullish move. maybe olympic optimism who knows? a any advice for viewers next week, chris? what should we be set up for

>> you know, the typical correction for the s&p is 15%. we hit 12% you know, obviously it is more or less depending on a recession or what the fed is doing if it was up to me, there is a little bit more to go with this. i think volatility is pretty high if yyou think we're going to hav another 5% or so from here lower before this shakes out, i would prefer to look at a put spread one to two months out. you are taking advantage of the down side put options are relatively up. >> chris murphy, always love your insight and stuff happening. chris, we appreciate your insight. thank you very much. have a great weekend by the way, folks, dez bryant was supposed to join us to talk about nfts he bailed. i don't know why hey, cowboys

folks, have a great day and a great weekend as well. that does it for us here on "worldwide exchange. we'll see you back here on monday morning have a spectacular weekend if you are in the storm's path, be careful nasty weather in a lot of places "squawk" and the gancongg mi up next some live from california i'm told take care. ♪ red roses too ♪ ♪ 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. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner.

good morning tech stocks pointing to rebound after the selloff. amazon and pinterest rising on results and snap soaring overnight in china show of unity with two rivals. putin and xi meet in person.

and the jobs report is on. we will get you ready for what could be a messy number. it is friday, february 4th, 2022 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm andrew ross sorkin joe and becky will join me later this hour. they are live at the at&t pro-am at pebble beach. they have a huge lineup. club ceo john stankey and disd discod discovery ceo david zaslav and u.s. equity futures at this hour. it has been a roller coaster of a week with earnings and jobs report coming today. dow looks like it will open down