it is 5:00 a.m. in new york. here is the top five at 5:00 going out on a limb. a bold call on bank of america and the fed. and bubbling back up bitcoin is ticking higher as it breaks $40,000 the wild ride for shares of peloton which shows no signs of slowing down reports of a possible bidding war. and spotify finding it sell in a rogan sparked controversy what the ceo is saying about the

plan. and a new warning from the white house and the invasion of ukraine could be days away it is monday, february 7th this is "worldwide exchange. good morning, good afternoon or good evening. welcome from wherever in the world you are watching i'm brian sullivan let's get a check on your money to begin the week in stock futures. they are not giving us help. we should find comfort in that they are not down big like so many other mondays we had. they are down, but very, very small. .10% the set up today is the s&p 500 and nasdaq and russell 2000 coming off the best weeks of the year they had big weeks last year still down for the year, but momentum last week and not c carrying over. that can change.

it's early focusing on meta the company formerly known as facebook that is coming off the worst week ever. the stock got crushed and dragged down other stocks with it it is not rebounding on this monday morning on the other side of meta is amazon amazon last week coming off the best day since 2015. big numbers there. rising the price of prime and nobody seemed to care. except for investors outside of stocks, the ten-year yield is trading highest since january of 2020. look for borrowing costs and mortgage rates to tick up. oil was over $92 last night. it is still creeping up. 20 cents every day we are at $91.17 it was $92 and change last night. in crypto this morning, after the weekend surge, bitcoin is

above $40,000. that is the first time it has happened in two weeks. and for more, we have rosanna lockwood in london with the latest headlines sdplchlt happy . >> brian, happy monday the ftse is up .25%. the cac below the flat line. was up early in trade. the dax in germany up a bit. the ftse mib in italy is the lag this morning we are seeing quite a large selloff. we see a spike in yields in the eurozone back to the yield story. in the heequities, basic resours are up we had aluminum prices shooting up 3% out of the china ukraine and russia will play into this. analysts saying china could look

to russia to source aluminum you have that in today's session. yields is something to watch here is the two-year yield it is up the highest point since june of 2020 the german two-year is up highest since september of 2015. brian. >> rosanna, thank you very much. back here at home, the team of bank of america was out with a note over the weekend defending the call for seven, that's right, seven fed reserve rate hikes this year t from the note quote, u.s. consumers and companies are sitting with a record $19 trillion in cash the unsustainable leverage that we saw during the financial

crisis is non existent today bank of america said if the crisis taught us about the risks of leverage and corporate debt levels are locked in to long-debt and low rates versus before the financial crisis which is how we got there. joining us now is dan veru dan, good morning. i know you have your views on the market do you think we'll get seven rate hikes this year >> anything's possible, brian. the big variousable is how much sticky and transitory? as we normalize supply chains and the work force gets back to work, what does that mean for closing some of the disruptions? that is what we have seen in

that earnings season this year the companies that struggled and had supply chain issues and passing input costs through to customers. with regard to the interest rate increases, that's probably a worst-case scenario from the standpoint of rate increases remember, brian, real interest rates are still negative because of the inflationary pressures. i think that is a reasonable opinion to have that gets you back to positive rates of interest rates >> nearly every commodity we track is higher this year. energy is higher this year it doesn't appear, dan, inflation is getting better. it could get worse in the short-term still, they have a 4600 target. they are calling for a bit of a gain in the market you are a stock picker

you said that. you have been on the market and buying the market is the old school way to do things. that worked for a while. bank of america said it will not work this year how deep do you have to get in the weeds of getting back to old fashion stock picking? >> if you start with some simple ways -- first of all, this is not the time to own unprofitable companies. think of an unprofitable company like a bond. the duration risk or sensitivity to higher interest rates is high you want to function with a highly profitable company is a short-term bond. stay close to the economic cycle. the fed reserve can do this because of the strength in the economy as a result of the inflationary pressures you want to focus on self

funding and generating a lot of free cash flow companies looking for companies that generate in excess of 100% free cash flow-to-net income. if the balance sheet is solid, they can take advantage of the issues in the marketplace disruption over the course of the year we don't focus on dividend yield, but dividend greowth they will be well regarded this year it is a stock pickers market i think perhaps the biggest cap companies within the s&p will be more range bound you know, that gives you a lot of opportunity when you look to the companies, the 500 companies and we talk about the top 25 to 50 companies a lot of companies to look at

that are more reasonable don't overpay for anything is my last point >> we tried to do that, dan, to get out of talking about the same 25 names. is that a name you still like? >> still do. pricing within the area looks good this year they came out with the pricing targets. stock is reasonably valued here. there were takeover talks that we discounted. it is difficult to do any large transactions we don't need that with the company trading at the valuation it is right now. >> there you go. we didn't talk about the top 20. we talked about 20 plus one. we got 479 left to go. we will save that for another thing. our upcoming pro talks

dan veru, thank you. >> thanks, brian you're welcome a lot of that with dan on march 2nd. let's get to the other top headlines outside of the world of money and business. after two years, australia finally says it will reopen borders, but only to travelers this month it puts an end of the covid-19 restrictions one it attributed to low death and infection rates. the infection rate right now is high reopening takes effect on february 21st. delta is asking the department of justice to put unruly travelers on a national no fly list. the ceo ed bastian says this is part of the efforts to turn aggressive behavior on flights which surged during the pandemic a zero tolerance policy in place

recorded 5,881 cases of unruly behavior 72% over mask compliance a u.s. judge rejected former pharma's shkreli's options to a lifetime drug industry ban his lawyers argued the ban was o o o overbroad. the claims the judge denied. he is serving a seven--year sentence in an unrelated securities fraud case. when we come back on "worldwide exchange. why spotify's ceo daniel ek is caught between a rogan and a hard place. and another peloton scoop that has that stock surging in the pre-market the wild ride is looking far from over. the numbers and some of the

names when "wex" returns after this ♪ ♪ what do you think healthier looks like? ♪ ♪ with a little help from cvs... ...you can support your nutrition, sleep, immune system, energy...even skin. and before you know it, healthier can look a lot like...you. ♪ ♪ cvs. healthier happens together.

welcome back new developments this morning for spotify and ceo and joe rogan. bertha coombs is here with that. >> reporter: good morning, brian. the spotify ceo daniel ek confirming it removed dozens of

episodes of the podcast and response to a video documenting many times joe rogan used a slur on his show. addressing the use of the "n" word and removing of the episodes i want to make clear they do not represent the values of the company. ek adding he does not believe silencing rogan is the answer, but we should have clear lines rest around content, but cancelling voices is a slippery slope >> i think the big balancing act that we're trying to do as a company is just critical balancing creative expression with the one about the safety of our users.

that's also why we published this weekend our policies and really for the first time did that that's probably something we should have done earlier that's on me we have them out there now so everyone can look at these policies and understand what goes on our platform >> reporter: rogan also issuing an apology on instagram over the weekend calling the issue quote one of the most regretful things he's ever had to talk about. shares of spotify are lower this morning. coming off a very wild week and more than 9% gain onup, details

or how many maybe buyers the list is growing and the stock is surging >> announcer: today's big number 7.8 million. that's how many full-time workers called out sick in january. a new record according to the bureau of labor statstatistics that is twice as high as the previous record of 2000. am i working on friday? see for yourself. who are you? she's from clover. clover does that so i can do this. i didn't know you had dahlias. they're my favorite. they just came in. thank you.

i should do a marketing campaign. clover does that. you're like a mind reader. alright, you're all set. could i order online too? you sure can. secure payments, the tools you need, people who can help, we do that. talk to a clover business consultant today.

a jelly bean that's good for you? nature's bounty introduces new jelly bean vitamins. good-for-you nutrients in a tastier for you form. more sweet dreams. more flavorful immune support. new nature's bounty jelly beans. live bountifully. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this.

edward jones welcome back shares of peloton on surging after reports of the company could be bought out. the company is not running a formal sales process that doesn't mean bidders don't come in. this is as peloton is facing pressure as the stock collapsed in the fast last year. let's bring in lauren thomas la lauren, welcome. what companies are seriously looking at buying peloton? >> thanks, brian absolutely the sharks are circling because they sniff blood in the water when it comes to peloton

you look at peloton's market cap and just how it is collapsed over the past year i think that is the reason that we're really having this conversation today of course, reports like you said, really as of late friday, have trickled out that amazon and nike could be two potential sui suitors for the business in part, this isn't a huge surprise activist group came out about a week ago and issued a letter to the peloton board calling for the company to consider a sale and blackwell capital in the note named nike and google and disney and sony as potential acquisition targets for peloton. again, look at peloton's market cap as of friday which was $8 billion. a year ago, we were talking $50 billion. again, just to see how that has

fallen over the course of the year as you mentioned, just here recently, we have seen more bad news trickle out for the company. they report earnings tomorrow. the ceo john foley has not responded to the activist letter all ears are tuned in to this conference call after the earnings number come out after the bell tomorrow to see how they address the situation >> yeah. let's see if there is earnings in the earnings, lauren, if you know what i mean, as opposed to continued losses sdp it is an exercise bike company, i know they will be insulted with that. they want to be a data and lifestyle and sub skscription service and treadmill. what is attractive about that? >> you have google which completed the acquisition of

fitbit you see their ambitions of health apple has its fitness product. it has been deepening its ties in that space. amazon, nike, all of these companies, i think, are looking at the health and wellness industry as a growing industry coming out of covid. one of the growing industries out of the pandemic. you know, they want to have a stake in this space. many of them already do. in some cases, it could be a way for them to further their strength here. at the same time, the analysts notes this weekend and this morning are arguing why this would not make sense peloton has a huge manufacturing business it is not just the subscription product you are getting and not just the existing customer base. it is a question of would these companies want to take on such a massive manufacturing and production business and selling this equip

that might not necessarily make sense for some of the players. nike, they were one of the companies floated as a potential suitor that might be interested. nike hasn't gone into the hardware space it had a fitness tracker at one point, but eventually stopped selling that it does connect to the apple watch. so far, we haven't seen them make such a big bet on that space. a question to be raised. >> we'll see what happens. like you said, tomorrow with the earnings or results, because we will see lauren thomas, breaking news on peloton. stock up 23% lauren, thank you. big story. all right. meantime let's get a check of the other headlines. including a huge anniversary for queen elizabeth and the latest on the trucker convoy in canada. frances rivera is in new york with that and more frances, good morning.

>> good morning, brian state of emergency spurred by vaccine mandates a convoy of truckers are leading the protest in ottawa which paralyzed the city for a week. the mayor says the protests pose a serious danger and threat to the safety and security of residents. over 60,000 homes in tennessee are in the dark after the winter storm crews worked to restore power most of the weekend. most of the outages in the memphis area officials expect to have 90%

you can imagine, brian, lots of controversy online especially from diana supporters. a queen who is 95 years old and what a reign that is still ongoing. >> i think it is the longest reign by 20 years -- not even any other monarch close. i have to use the dpgoogle to fd that congratulations to the queen remarkable frances, thank you >> sure thing. >> 70 years as queen by the way, charles has been hold for a while. still on deck, your morning rbi with hopefully good news on covid. trends you will see and hear on "worldwide exchange. ford experiencing more production line problems and some are on pause. we'll tell you why you can follow our podcast

on spotify, apple, stitcher and others stock futures are down oil over $91 we're back after this. today, business is a balancing act. 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.

can your money keep last week's momentum going or will it get january-d? oil busts above $92 a barrel overnight.

and a u.s. warning on russia invasion of ukraine may be imminent and advertisers betting big on the super bowl with commercial spots selling fast and hitting new records. it is happening on this monday, february 76th this is "worldwide exchange. welcome or welcome back. good morning 5:30 here if you are starting your day thanks for joining us. here is how your money and the markets are looking now. slightly down. said pressure. futures off .10% dow up 87 right now. l little bit lower either way, the markets had a good week last week. s&p and nasdaq and russell coming off the best week since this year. since late december of last year still down on the year, but

there was a lot of positive momentum last week doesn't look like it will carry through. it is early. the ten-year and bond market trading highest yield since before the pandemic. january of 2020. we will get more on oil in a moment right now, let's get some of the morning top headlines, including a lawmaker revealing a big buy on crypto. bertha is back with that >> reporter: brian, senator ted cruz revealing he recently bought bitcoin the texas republican making those disclosures as a part of a regulatory filing. he bought between 15,000 and $50,000 of the cryptocurrency. at the time of the purchase, bitcoin was $36,000 and $37,000 amid the selloff this morning, it is back above $42,000. this year's super bowl, meantime, proving to be popular

with advertisers according to nbc which is the broadecaster of the match up it is selling out for a record $7 million per ad. nbc said there is a growth of ads across auto, tech, entertainment and travel and health sectors a note from the wall street journal, expect big spots from crypto and coinbase and crypto.com and ford is cutting vehicle production of the several key vehicles due to the ongoing semiconductor shortage the automaker hitting pause again on the ford bronco and explorer and f-150 and mustang mach-e crossover the cuts come after ford missed earnings expectations due to the supply chain issues.

those are not as transitory as we would like. >> no, no. higher demand is good. higher demand that can't be met or met through higher prices is also not good. it is tough. a lot of these semiconductors used in the cars is a totally different manufacturing technique. it is all new. >> most of the new cars are practically computers on wheels. they have cameras all over the place. they do all sorts of things. >> yeah. except fully self drive. i guess we're getting there. bertha, thank you. >> gettingthere. >> some humans can work on the whole driving thing. bertha, thanks. now to the latest with the tensions with ukraine and russia and the united states. a russian invasion of ukraine could be imminent according to the u.s. spokesperson. the comments from the national security adviser after two other

officialssaid that russia has 70% of the forces required for invasion in place near the ukrainian border in the meantime, president biden speaking with emmanuel macron yesterday on quote diplomatic and deterrence efforts to the military build up. macron will head to moscow today for talks with putin all in a bid to deescalate the situation. ahead of that, the kremlin a short time ago this morning saying the situation is too complex to expect any breakthroughs from one meeting. back here in the united states, german chancellor scholz is facing questions over the ties to russia and the nord stream 2 pipeline. and the eu is looking to protect the european bloc from the

energy cries and cybersecurity issues we have max seddon here with more on this issue where do we stand right now? >> macron is the latest official who is trying to get some take from putin on the u.s. and eu response to the russian security demands. there is a response where they are trying to engage with russia and not giving ground on the demand to roll back nato they said is unacceptable. macron gave the interview where he said this isn't about ukraine. this is about russia's security concerns he is trying to field some common ground with putin playing good cop, if you will. that's where we are today. it doesn't look like there's going to be any kind of breakthrough the kremlin said today that they

don't feel like the west is really adequately responding to what it wants and more and more troops and equipment keep a arriving at the ukrainian border. >> i was thinking about the russian history and the olympics, max. this will sound interesting or weird. i don't know if there is anything to it or not. i was in sochi covering the olympics in 2014 for nbc when russia invaded crimea. russia went to war with the country of georgia in 2008 during the beijing games then. bizarrely, vladimir putin has some kind of tie with whether it is global news coverage is elsewhere or not, max. obviously the olympics on right now and a weird bit of timing. >> i don't think you can read too much into that if you compare what happened in georgia and ukraine with the

olympics there, it is really two different things that russia was doing. the 2008 olympics were in the summer when russia invaded georgia and it happened at the beginning of the olympics, but it was in beijing when that happened in 2014, they had the olympics in sochi and russia didn't start sending more and more troops to crimea until right after those olympics were ended. i think the former president of ukraine was at the opening ceremony in sochi and waving the ukrainian flag he had no idea he would be fleeing there in two weeks what this does tell you is there is a lot of opportunity.

i think with macron's visit, he called him three times in ten days before this the west made it clear that it is focused on this rather than the olympics i think it is a stronger consideration. >> i only bring it up because i was there when putin was in sochi when this started in crimea he is using international media attention elsewhere. i think this is a bigger issue, max. talk about the nord stream 2 pipeline i talk about energy here on cnbc as senior national correspondent as well. this is a massive part of the situation. it looks like germany is not going to play hard ball because they need russian gas. >> i'm not so sure i think there is a certain expectation in russia that the kremlin almost seems to be coming to storms with the fact that nord stream 2 is mothballed

and germany is coming down to the stance on sanctions with the crisis and the u.s. made a lot of efforts to find alternative energy supplies for europe and qatar and american lng could be redirected from the russian perspective, it doesn't change much. over the standoff with nord stream 2, russia has been supplying gas already to germany and it is much less about nord stream 2 than the existing gas supplies which russia supplies 41% of the lng that is hard to replace overnight. >> it very much is german policies are more reliant on russian gas over the years. it has them in a tough spot. max seddon, thank you very much.

>> thank you coming up, we will dive deeper into the russian and ukraine crisis and if putin could weaponize oil and gas. and volkswagon says it doesn't expect the semiconductor shortages to ease this year. the u.s. is calling on china to make good of $200 billion of goods part of the previous trade deal washington is losing patience with beijing showing no signs of following through with that deal. apparently big bucks in big risks. "j "jackass" film is number one in the box office pulling in $23 million that top expectations.

ouch we're back after this. i didn't know you had dahlias, they're my favorite. they just came in. thank you. i should do a marketing campaign. clover does that. you're like a mind reader. secure payments, the tools you need, people who can help, we do that. i'm mark and i live in vero beach, florida. secure payments, the tools you need, my wife and i have three children. ruthann and i like to hike. we eat healthy. we exercise. i noticed i wasn't as sharp as i used to be.

my wife introduced me to prevagen and so i said "yeah, i'll try it out." i noticed that i felt sharper, i felt like i was able to respond to things quicker. and i thought, yeah, it works for me. prevagen. healthier brain. better life. here's a direct question. how long are you planning on keeping your new smile? yeah. that's why smiledirectclub has their lifetime smile guarantee™. get a doctor-directed smile you love, guaranteed for life. your life.

choose smile. choose direct. ♪ smiledirectclub ♪ welcome back oil prices are surging now they rose above $92 a barrel overnight. gas prices on the rise as well oil now at more than a seven-year high. this as gas flow slowing down

from russia in europe. we just talked about it. let's talk about this with list l leslie beyer how much of what is going on with ukraine is coming down to leverage over energy >> good morning, brian i think a lot of it does we see europe already in a supply situation where they do not have as much as they did they are in the middle of winter the perfect time for russia to play these games and they are between a rock and a hard place. i think this really goes back to show you why you don't take your domestic energy options off the table. europe accelerated through energy transition and green energy movements now they are finding themselves in a tough place.

>> it is for years, a lot of political in-fighting in germany too much to go through now, leslie they pulled nuclear off and coal off. renewables need to work all the time and now it appears germany needs more than 35% of the natural gas flows coming from russia russia has incredible leverage over germany they he cocould literally freeze country out in winter. what lesson should that be to us and other parts of the world >> the lesson to us is there is demand for fossil fuels, primarily natural gas, all over the world where demand is growing. they do get over 41% of the natural gas supply from russia the rest of our allies, united states, australia, qatar, we can get lng exports out, but we

can't do it that quickly we have seen this administration try to put things in play for us to be able to help and potentially backstop this energy crisis in europe we can, the united states has done in the past like japan after fukushima. it does not happen overnight the energy ecosystem does not turn on a dime we need more infrastructure in the united states. we need focus on the domestic production to get our natural gas out. >> what is interesting, leslie, if you follow me on social media, if you don't, no worries, you know i have been banging the drum on new england and massachusetts and connecticut. for the last four or five weeks, wholesale energy prices are high the average $71 last february and that was up 200% from the

previous year. they put out a note, leslie, in times of severe weather, they may not have the fuel to generate power this is in the united states 100 miles away from the shale, the biggest natural gas field in the united states if not the world. i bring this up to say there are some lessons that may be we need to learn here as well. is that true >> that is entirely true we just have to be very cautious and take the lessons from what is happening in the rest of the world. we have so much here we have the energy resources we need to protect our energy security in the u.s. california imports russian oil as well. more than in '21 than any other year before. there is no need for us to do that we need to invest in infrastructure here. when we approach energy transition, we need to look at it as a reduction of emissions not a move away from the fuels

that are affordable and versatile and certainly produced efficiently in the u.s >> in new england right now, 60% of the renewables is dung and wood i didn't know we used wood to make electricity we still are not good for deforestation leslie, thank you very much. thanks, brian. > as we head to break in february, we celebrate black history month and feature our friends and colleagues and contributors here is advice for future leaders out there. >> my advice for future leaders is to be very careful in terms of diversity and inclusion and equity it has to be created and it also has to be managed. we have to understand how to put different perspective ns into or

brands and those different perspectives, we have to manage them to create the type of organizations that can be successful we're hoping things will pick up by q3. yeah...uhhh... [children laughing] doug? [ding] never settle with power e*trade. it has easy-to-use tools and some of the lowest prices. get e*trade and start trading today.

♪ ♪ what do you think healthier looks like? ♪ ♪ with a little help from cvs... ...you can support your nutrition, sleep, immune system, energy...even skin. and before you know it, healthier can look a lot like...you. ♪ ♪ cvs. healthier happens together. ♪ i see trees of green ♪ ♪ 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. time for the morning rbi today is random but hopefully hopeful about the pandemic there is new evidence that omicron is burning out just as fast as it stormed in. this is remarkable in the states that got hit hardest, they seare seeing cases crash. here is the data from the new york times from the last two weeks. cases and hospitalizations looked like this new york state, cases down 75% in two weeks outcomes are more important than case counts. hospitalizations off 42% in new jersey, down 73 and 48.

ohio, maryland and connecticut all look about the same. there are other states as well 70% drops in cases and nearly 50% drops in hospitalizations. so honestly, if i saysay 75% ofe people got covid dutring the holidays the average drop in most states is 50% 57% drop nationwide. 22% fewer people20%. since we are here in the garden

state, i'll end with this. the lowest covid icu usage of all in america is right here in new jersey just 14% since new jersey tends to rank number one in only things like the highest taxes or most people leaving, this is one we're number one and we should all get behind because it has been a brutal two years stay safe, everybody random but interesting. back to the markets with the s&p and dmaxnasdaq off after a strong week. everybody says it will be a stock pickers market david katz is with us. david, great to have you back on i love stock pickers markets we get to talk about companies, not etfs which are boring. goldman sachs. what makes them attractive >> goldman sachs makes a boat

load of money. the stock support significantly in january we think that sets the stage for a better year. buying under ten times earnings with the reasonable yield. we like the financials this year goldman sachs is one of the better ones for us >> printing a boat load of money. i'm sure people in d.c. will be happy to hear that one medtronic is not a name we talk about a lot. we used to talk about them all the time they kind of vanished off the radar, david maybe that is why you like it. >> it is they are still one of the top cardiovascular companies in the world. the stock is weak. they will have a light quarter because hospitalizations are up or were up with omicron. we think as a result, they wilt h will have a lighter quarter. hospitalizations are dropping and elective surgeries will get

back in place. this is a very good growth company and value prices and it is down because of covid and covid wanes this year, their stock will come back with a conv vengeance. >> you have tmo. this is a covid play i saw freezers that kept the vaccines at negative 79 degrees. thermo fisher. >> they make testing equipment that is a boom for the earnings. earnings up significantly last year they will be very good this year it is 25 times earnings. this company is growing at 15% or better. we are looking for a bar barbell approach we like value better, but you are able to get these prices thermo fisher is one of them you get one of the more attractive prices. they will do well as covid

testing drops. this is one great entry point. >> finally, let's talk about alphabet i still have to call them google talk about printing boat loads of money break up another boat. super tanker of cash, david. >> we think it is. the stock is off this year that creates a good entry point. we think there are certain faang stocks doing well. the prices are very good google is one of them. they have a very good outlook. dehfying odds you get it at 20 times earnings. great company. very attractive price. >> david, i think we may have broken a record. we talked about four stocks in three minutes at 5:55 on a monday morning there has to be some record for that >> love talking stocks happy to do it

>> yeah. we will do a pro talk with you maybe we need a guinness after that i'm kidding folks. it is a breakfast beer. david, thank you that does it for us on "worldwide exchange. i'll see you here tomorrow "squawk box" and the gang is picking up the coverage next have a great day 24/7 support when you need it the most. plus, zero-dollar commissions for online listed u.s. stocks. [ding] get e*trade and start trading today.

good morning stock futures are relatively flat it's early after the s&p 500 and nasdaq turned in the best week of the new year we will show you what's moving now. peloton shares climbing on 20% of rumors of a takeover target we'll talk about the potential suitors. and joe rogan apologizing

again. time this time over use of racial slurs on the previous podcast. it's monday, february 7th, 2022 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and joe kernen the nasdaq off 26 this morning this comes as joe mentioned the s&p posted of the best week of the new year as with all of life, that is a relative statement the s&p is up by 1.5%. the nasdaq up 2% for the