it is 5 al:00 a.m. on wall street callbacks with steep losses. keep pedaling. peloton hoping its stock can climb back up the leaderboard. and the top senator banning the idea of congress trading stocks, lumber, gas, and guacamole and why one economy is not

slowing down and showing any signs of inflation soon. and how athletes are cashing in on the nft craze and what former cowboys receiver december bryant has to say about his new platform it's wednesday, february 9th this is "worldwide exchange. good morninging, good afternoon, good evening as always from wherever in the world you may be watching. i'm brian sullivan it's a big wednesday and cool. we'll have dez bryant later on the show. we're looking at your stocks they're looking good the dow futures are up 179 the nasdaq actually up

things go like that and the futures turn the same way, so some nice gains on the screen right now, this after a more than 1% gain for the dow yesterday. now, just keep it between us, all right? but the dow is now only down just over 2% for the year and actually just about 4% away from its all-time high. the index is down four the blue chips making a comeback also trying to make a comeback, small caps the russell 2000 is looking to make it four in a row. don't want to jinx it, but it's looking okay now crude oil taking a pause oil back down. bonds are hot with november 2019 highs t yield there, 1.19% bitcoin back below 44,000 and

ether just under 3100. all right. that is what is happening here let's see what is happening overseas as they look to keep their nice little run going as well, and i can see from my screen there's a lot of green on that as well with 1% gains for the dax, the gac at 1.40%. i feel like singing. there's a rotunda that's swept over the entire continent and that's a satellite photo. let's get a check on this morning's big business headlines including a rare and kind of touching personal story from elon musk. bertha coombs is here with that and more bertha, good morning. >> hey, good morning, brian. disney, sony pictures, and

viacomcbs all in the hunt looking to bid on the next five years for indian cricket matches. the sports governing body is planning this week to solicit bids for its most popular premier league disney currently holds it, which has been a crucial driver for its subscriptions to its disney plus service. toyota is cutting its production by half a million vehicles as chip shortages and covid sick leave hits the output they plan to build 8.5 million they had a fall in operating profit for its most recent quarter. and far from the production floor and the twi twittersspher.

he emailed for weeks with the father of a teen who died in a high-speed tesla crash in an exchange that ultimately led to tesla updating a safety feature at the father's request. it went on for nearly seven weeks with musk at one point sharing stories of the loss of his own son who died at just 10 weeks back in 2002 at the end of the day, grief is one of those things that does bring people together at times, brian. >> yeah. and a very human and rarely seen side of the mercurial musk there. a good story and terrible situation given what happened to

the child. >> i give him credit for not publicizing that, you know. >> yeah. a lot of people would have, sort of to talk up themselves or their humanity no one knew until it comes out in this court filing as well bertha, thank you. we'll see you in a few minutes. all right. well, back to business now so far the key business story of the year is inflation. prices for nearly everything continuing go higher yesterday on twitter i only half joked if there's a strategic meat reserve, we should tap it i went to the grocery store, and as you all know -- maybe congress doesn't, but you do food prices are out of control it's not just the story. it goes to the interest rate tale as well and how it may impact stocks and the fed. let's go to malcolm. nobody cares about my views on how much a pork chop costs but they do care about inflation,

what the fed may do, and how that may impact stocks history says stocks can go up even in a rising rate environment. what's your bigger worry around rates and inflation right now? >> yeah. so you're absolutely right historically speaking, stocks tend to do pretty well during periods of rising interest rates. the s&p as a whole, i mean it's frankly just because if the -- if the fed is thinking that the economy is moving strong enough and we're growing at a fast enough rate that it raises interest rates to tamp down some of the inflation we're feeling, underneath the surface that has to mean corporations are doing pretty wet it's against the backdrop that everyone is feeling the pinch as we go to the gas pump and grocery store as you mentioned twiets things happening at once that are kind of converging on two completely separate themes, but historically we'll see if

the history proves out obviously past performance is no guarantee of future performance, but historically we are told we should see by the second half of this year pretty good positive performance in the s&p. >> yeah. and is that because the reason that we have inflation -- there's two reasons, number one, the supply chain shutting everything down for a year and a half we still have problems, but we've got to clean that and it could take years but also ultimately we have a relatively strong economy we forget that inflation is caused by more demand for fewer items and the price goes up. does that stronger economic story go more to the markets than just inflation itself >> well, yes and no. i mean you just know that we have way too many dollars chasing far too many goods, and also we have a lot of people -- one of the key differences between this period and maybe the 1970s that everybody keeps

harkening back to when we saw inflation surge out of control similarly, one of the key differences is the number of union jobs when wages were sort of fixed they were on a consistent labor adjust, 2% here, 3% there. it was very predictable and half the country was earning wages that way, and now companies aren't constrained by labor unions the way they were before, something like the lowest level of union jobs we've ever seen in historical context in this country. and so companies had the ability to continue to raise wages however they want to, and until the cap is put on that, we just saw amazon double their cap that they're willing to pay folks, their white collar workers at least, in those jobs, and part of the reason we have inflation, amazon can choose to pay more if they want to and we're competing with the grocery store and the pork chop with the raise of amazon's

salary. >> you might need that i don't know if congress has been to the grocery store lately i don't know if they do their own shopping i do it's unbelievable. malcolm, very quickly, is there any part of the market you like right now? >> health care we're looking at that as an opportunity to see growth in your portfolio. >> dr. fauci telling the "financial times" omicron was nearing an end thank you. the fauci story coming up in a few minutes. kind of a big deal when we come back, crude oil a i lum numb, lumber, and now, don't say it, guacamole, why the rises prices we just talked about may be here to stay for longer than many expect. what one ceo has to say, especially moving the stock higher. plus, talking about no room for error, by shares of this company, no room -- it's a hint

-- why it's down 25% do you know who it is? think about it. de> later on, former cowboys wi receiver dez bryant and the trading card stick around chef, can we hire another hostess?

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fourth quarter profit, beating forecasts even though its sales got hit a bit over the holidays, higher menu prices have helped offset a rise in food and labor costs. that's something the ceo addressed in an interview right here on cnbc yesterday. >> honestly i hope the inflation slows down we know if we need to take more pricing, we have room to do it today we've seen no resistance from our customers i think i heard someone mention we're fortunate that our brands and the customers really do believe we're a tremendous value. >> all right there you go stock number two, wow, this one, enphase battery, it's on fire now. they can meet a surge in customer demand, navigating

supply and logistics issues. and stock number three, it's our mystery star container store crushed, down 25% right now. this even as third quarter earnings and revenue beat forecasts. the problem is that online sales were down more than 30% and the retailer expects overall sales to fall 11%. this quarter maybe people are going to spend their money on going out and doing things rather than staying in and buying things. tough day there for container. right on deck, could congress actually stop its very prolific and very profitable habit of trading stocks? it could we'll tell you who's behind the potential move coming up >> announcer: today's big numbers. $52 billion. that was the jump in credit card balances at the end of the fourth quarter, according to the federal reserve bank of new

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clover does that. you're like a mind reader. secure payments, the tools you need, people who can help, we do that. 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 it is a congressional outrage that people of any political persuasion can likely agree on, the fact that for years many members of congress or their families were very actively trading stocks, some of them

with stocks that could be impacted by the very laws that the same congress people are writing around, and many of these elected officials have made a lot of money and shown some, shall we call it, very timely trading trends. but right now bipartisan effort is taking shape. it's showing no red or blue. it's all about the green they're performing better than many hedge managers. >> schumer is now publicly backing the push to prohibit lawmakers from trading stocks while in office. according to his financial exclusions, neither schumer or his wife own individual stocks and he told reporters yesterday he believes in a ban. >> we have different bills from a variety of different members, and i've asked our members to get together and try to come up with one bill, but i would like to see it done. >> now, i'm told six democratic

senators are working on that proposal, including senator brown whose bill would ban trading but wouldn't force lawmakers to put their trades into a blind trust and john ossoff is wanting it. there's also work with steve daines on a bipartisan bill as well it will need both parties to pass and mcconnell said he'll consider it. he does not own individual stocks, either, however, his wife, former cabinet secretary elaine chao does have a significant steak in wells fargo when she served on the board of directors. many of the existing proposals would cover spouses and independents as well back over to you. >> yeah, but we're talking about secretary chao, we're not

talking about banning owning stocks if you have stocks you inherited or you're on a board, you're not trading them, but owning them for years or decades, would that still be allowed >> so it depends on what your definition of owning actually is so there's a spectrum here. >> okay. a timeline. >> you could still hold the stocks but you couldn't sell them while you're in office. other bills require you to put them in a blind trust so you still have them but you don't know what's going on with them and this new bill from senator warren and senator steve daines wouldn't allow you to own them at all, even if it's in a blind trust. that's part of the conversation that's happening how actually do you prevent lawmakers from profiting off of the policies that they're going to be debating and passing in congress, and that's why senator schumer has said he wants some senators to come together and come up with a unified proposal to figure out what is the best way forward. >> if you can't own them at all,

you might kinder good people from running for office. you should be able to throw it in a blind trust that you don't touch and when you get out or decide not to run anymore, it's still there. there's a big difference between that and tifbly trading stocks by impacting bills you write. >> right that's part of the argument against an outright ban around owning stocks. of course, this is something house speaker nancy pelosi has not been in favor of, but her stance has softened in recent weeks, and she's asked one house administration committee to look at possibly increasing penalties if you don't follow the existing disclosure rules so there's really a spectrum of potential options here, and lawmakers have not coalesced around a single option. >> well, pelosi's husband is one of the more prol prolific, and l

as far as his actions, many of them based along silicon valley. thank you. let's get a check on this mor morning's other top headlines including the latest on international efforts surrounding ukraine. frances rivera has more. >> yes president macron met with president zelensky as the military surrounding ukraine, he said he and putin made progress toward de-escalation. t back here at home the divide appears to be deepening. yesterday senate minority leader mitch mcconnell publicly rejected the resolution censuring two figures, liz

cheney and adam kinzinger, for their work on the 1/6 committee. he called t, quote, legitimate political discourse and trying to prevent the peaceful transfer of power after the legitimately certified election he also said it's not the rnc's job to single out members of the party who have different views. and finally, did you see this, brian, another shocking early exit on the slopes for skier mikaela shiffrin she was knocked out of the slalom event wednesday, missing a gate only five seconds in her run. days earlier she crashed at a giant slalom event schifrin has won 47 world cup races in slalom, the most of any skier. she's expected to compete in three more events next week. we're looking at those images there. the side of the slope. she stayed there for 30 minutes, shoulders slumped, shaking her head then she spoke out, too, in her

press conference she was so emotional, still so in shock about what happened. >> it was tough to watch i mean, like you said, frances, that and the wreck occurred within the first 50 yards. i mean literally right at the top. but she's still got a chance more events to come. let's hope it's better that was a tough way to end it for her. we'll look forward to future races. frances, thank you. >> you're welcome. you can see that snow is tough to turn on it's a lot of chunks as we head to break, we continue to watch facebook's parent company meta. that is an ugly chart, no matter how you slice it down 35% it's now worth less than nvidia, no knock on nvidia, but facebook's come down more on the markets as futures, they're up nicely.

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your money, earnings giving futures fresh fuel, plus under the radar stocks crushing it shares of peloton finding fresh legs, the company slashing costs and jobs we'll speak with an analyst who says that stock still has room to run. >> and can you believe it?

president biden finally mentioning tesla, sort of. it's wednesday, february 9th, and this is "worldwide exchange." all right. welcome or welcome back, everybody. good wednesday morning it's february 9th. i'm brian sul vachblt nasdaq futures are up 158 points dow futures up 200 points. they've been gaining steam all morning long all this after a more than 1% gain for the dow yesterday that index up -- well, it's up only two days in a row like i said earlier, don't tell anybody, but the dow is up or only down 2.4% this year the other index is nasdaq. it's still lousy, down 9% this

year the dow is creeping back toward being positive on the year, so watch the blue chips the money has come back into value. all right. that is the macro. let's get a little more microbecause even though most of the overall markets are still down this year as we just said, remember there are lots of individual names that have been crushing it for you lately look at some of these stocks and the kinds of historical highs they've been making. marriott, its highest level since it got spun out in 1993. how is this for a kiss hershey shares, their highest level back to 1972 warehouser says we could top that the paper company all the way back on an adjusted inflation basis to 1963. and centene, the highest since 2001

listen as jim cramer always says, it's not just a stockmarket but a market of stocks, and no matter what the indexes have done, the individual names have done very, very well. now to this morning's top stories, including congress taking steps to preyet another government shutdown. bertha is back with that say it ain't so, bertha. >> you know, this is a movie that has more sequels than "the fast and furious" series lawmakers in the lower chamber approving the measure yesterday with just over a week to go until the deadline chuck schumer is vowing to vote quickly before the deadline. it runs through march 11th

we only kick the can down the road. meantime the justice dpts has announced it's arrested two people and seized more than 3 president $6 billion in stolen bitcoin. the couple is accused of laundering 4 fountain $5 billion in stolen funds taken in the hack of the crypto exchange in 2016 the doj has not said whether the couple was involved in the hacking itself. and president biden acknowledging tesla's position as the u.s.'s largest producer of electric vehicles for the first time biden giving the nod yesterday during a speech to promote american companies expanding this country's e.v. infrastructure the president has previously avoided mentioning tesla due to its perception that it's antiunion. elon musk has criticized the president as a result. in addition to praising tesla

and other e.v. makers, the president also praising fast-track company in tennessee. that stock taking off in extended hours, tritium. nice move for them. >> listen. it's not maybe a ringing endorsement of tesla, but it's a mention. the words came off the tongue, so maybe elon musk can slow down -- >> it's hard to avoid mentioning tess will and e.v.s, right it is like the big gorilla. >> they kind of very the market in many ways they kind of built the market. they're the ones who have sort of driven the entire thing you might give a little bit of shout-out. we'll see. we'll see what happens maybe they'll hug it out some day when the pandemic's over. >> maybe some day they'll have a beer at the white house. >> there you go. speaking of hugging it out, here's a story that seems like

it should be getting a lot more attention. dr. anthony fauci saying the pandemic is essentially coming to an end. speaking with the "financial times," fauci saying, quote, the full blown phase of the pandemic is something, quote, we are certainly heading out of, end quote. he say as combination of vaccines and prior infections is making it more manageable and he hopes there's an end to the pandemic and restrictions in the coming months, saying local officials are going to have to make more decisions and individuals as to how they deal with this as well. it seems like this week, folks, you've got states saying they're going to end the mask mandates for kids in the coming weeks you've got dr. fauci sitting down with the "financial times." you wonder is this how the pandemic winds down? it's not going to be a major announcement by the president or some big day or some bell being rung, but rather just kind of

comments like this, changes to schools for the schools still masking students, et cetera, and how it winds down, that coming in the "financial times" kind of late yesterday, a bit of surprising comments but maybe something to be optimistic and hopeful about, a story that seems like it should be the top story, but there you go. all right. now to what is arguably the stock of the week. how's that for a transition. shares of peleton coming off their single best day performance ever, but not for good reasons the company named a new ceo, cutting 20% of its work force, scrapping plans for a new ohio factory, all despite the sudden surge in the stock price it is still way, way off its all-time high of 167 bucks earlier last year. also coming out yesterday, guidance well below analysts' expectations the company's new ceo appears determined to turn the company around without a sale.

that doesn't mean there are no buyers we have with us the managing director at keybank capital markets, optimistic on the stock. ed, we learned that a gentleman named barry mccarthy is going to become the ceo of peloton. my first question is who is barry mccarthy and why is he the right person for the job >> yeah, i mean, a couple of things, right? he's stood along entrepreneurs at netflix, spotify. he knows how to work with these iconic founders. it's not the bike. it's the program it's the content and i think over time, you nknow this is fresh to eyes. they need a restructuring, but someone to take a clean set at this and really examine the busy so it can really help strengthen the parts of the business that are the strongest. >> is there anybody left to buy

a peloton or pay for its service? i think that's the fear, ed, is that everybody that wants one now has one. >> well, two questions there, right? i think, you know, they pointed out clearly that existing user base continues to engage very highly with the device maybe you're not using it as much as you did when you couldn't leave your home, but using it at home is very high. a paying subscription, no issue. the demand on the broader device is in question the tread has had kind of a slow start, but it sounds like it might be starting to pick up i think this is an environment lots of people like the subscription, keep the bikes, keep using that, and it's on peloton to tell people why they need new devices like the t treadmill. >> $60 price target, is that correct? >> that's right.

so now let's turn to lyft i want to transition to, if you don't mind, ed shares are down. the problem for lyft, riders coming in short of estimates management on the phone, results not good still revenue per rider up 14% a year, hitting a record 5179. the stock's been hit, ed the one thing that shocks me when i get into a lyft or an uber, i always ask them how they're doing -- i'm sure they're annoyed -- and how much they're making i don't know about you but the rates are really high. the drivers say they're not making a lot more. that led me to think the company might be because the rates are up. >> look. i think the drivers are making more fuel prices are higher trends costs keep moving up. what they're putting into their

bank account every month certainly is more stable, but i think what you're seeing here just as you point out. omicron certainly delayed the company. but to just ta pose peloton, they're going to have problems in a post-covid environment. airport rides while they're improving well below peak, as people start travel that will go up i think that's where you're going to see that ridership dataism prove. >> do you see a time -- everybody is oobering and lyfting, whatever you want to call it everywhere people couldenlet go anywhere and drivers quit, probably permanently. how does that business look a year from now, ed, when hopefully the pandemic is well behind us? how does it look does it go back to being like it

was pre-covid? >> i think there are still going to be some changes, right? uber, prepandemic, it was on the rise both lyft and uber are going to reintroduce share rides. that's going to take a while my willingness no sit in a vehicle with people i don't know, probably low for an extended period of time. airplane rides will come back. businesses are likely to travel less than prepandemic, but the flip side is they'll pick up market shares on public transportation maybe you're not getting on the subway bus right away. and then people are going to want to get out. >> yes, they are, and they will, by the way they are, in many parts of america. they never stopped in many parts of america, but that's a different topic. ed yruma, appreciate it.

do not miss an interview with that guy, co-founder of lyft, john zimmer, at 8:45 eastern time. coming up, call it the double cowboy. former cowboy dez bryant diving into the world of nfts and how athletes boost their brands. futures, by the way, they're soaring. nasdaq up triple digits. good morning we're back right after this.

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welcome back the super bowl is a few days away, so let's have a little bit of fun and talk digits and fungibles. they crossed over in a very dynamic way. the always dynamic dez bryant, the founder of personal corner, former all-prowide receiver for the dallas cowboys and, of course, oklahoma state dez bryant, great to have you on the program as well. i know it's early, but you've got a lot of big money players all over the world watching right now from asia to europe to the united states. what is personal corner and why are you building this brand? >> well, first off, thank you for having me. and personal corner, you know,

it's a place for athletes, you know it's a place for us to come together and, you know, build our brand, you know. i'm putting my name on it because i think this is the first time in a long time, you know, where we get to come together and control our name, image, and likeness. >> yeah, and so what exactly does it do if you're a dez bryant, right, or you're an nfl player, athlete, whatever the sport may be, what can you help them do? how do they monetize and digitize their likeness, their image, their brand >> how you do that -- what you do -- i apologize. i'm kind of nervous. it's early in the morning. >> i know.

dez, don't be nervous. you've played in so many big games. i would be nervous trying to run down the field catching a ball at boone pickens stadium this is a new world. this is a world, i'm not going to lie, i don't know a lot about, and i do this for a living it's so new and complicated. let's say i was good at something. i'm not. let's say i was a good athlete what could i do? what could brian sullivan do in a digital world? do i have an nft of my face? what have i got? >> you know, it could be an nft of anything. you know, it could be whatever you like like, for example, it can be memorabilia. you know, you could tie memorabilia tonfts, like, for example, trevon diggs, he had 11 interceptions this year. he could have an nft to where if

someone has an nft, he could raffle off a section i'm giving you an example of how big this could be, you know. >> yeah. and you've got von miller on there as well. by thethe way, i think von's goa game coming up on sunday i'm going to ask you about that in a second. how big could this be? i understand you bought one of the board apes they couldn't be cheap. >> first, i think personal corner has the potential to be something special like the board apes, speaking of the board apes, you know it's athletes unify, coming together under one marketplace, you know, to trade something special. you know, like i said, i'm kind of nervous i feel like i'm put on the spot. yeah

we've got something special brewing. >> don't be nervous. yeah, do not be nervous whatsoever this is an entirely new world. personal corner, i urge everybody to check it out. i want to talk about something i know you're not nervous about, and that is football as a wide receiving great at oklahoma state and dallas, this weekend, how do you -- everyone thinks the rams is going to steamroll the bengals. i do not i took the bengals at plus 4.5 i'm not saying they're going to win. but i think they continue to win. you're friends of von miller, so you don't have to throw the rams under the bus, but how do you see this game shaping up this weekend? >> i'll be honest with you, when it comes to that, i'm not bias i match the guys across the board. i think it's pretty even i think the best team will win on sunday.

the cincinnati bengals, i always felt like that was a better game than people thought, but at the same time you have the los angeles rams, i have have the fortifying power i think the game is like don't count the bengals out. don't count the rams out if you watched the games, they were 0-3 it's been a great ride it's been a great ride since the playoffs may the best team win. >> yeah, and i like -- i love it as somebody who took the bengals at 4.5, i'd like to keep it cloe close. that stadium is going to be filled you know orange and black. that stadium is going to be filled everybody in cincinnati is on a plane right now headed to l.a.

dez bryant, personal corner, appreciate you getting up early. >> thanks for having me. >> you're very welcome, dez. like that, keeping it close, final possessions, as long as it's a field goal and not a touchdown. as we head to break, during all this month, we're, of course, celebrating black history month, featuring some of our friends, cnbc friends, colleagues, and contributors here's bonawyn eison. >> how can they contribute that's the million dollar question i think u the legislative powers will now need to be used to turn down those same barriers there needs to be specific attention on access to capital, funding, and tdoear wn gerrymandering leading to real reform and impact.

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today's most random and interesting thing and it's today's rbi. it will be from a guy you hear from in about 90 seconds it may be sound advice that will save or make you a bunch of money. it's about timing the stockmarket or, better yet, why you should never time the stockmarket like selling all your stocks one day and thinking you're going to buy them back the next the reason is that by doing this you may miss the days that really matter. citigroup's leader put this together if you got out of stocks and went to cash and missed the two best performing days of the year for each of the last ten years, you would have missed out on 9% of your gains per year 9% every year for ten years. is a huge amount of money that

you would have left on the table all because you missed a couple of days a year in fact, he notes trying to time the market is worse than going to vegas and trying to play a game of black jack the lesson, don't tried it you need to be invested in each trading day of the year all the time, random, but informative. let's welcome in the gentleman we just lifted/stole a piece of information from. stephen whiting. i hope you don't midnight. it's not that we're lazy we just pick up other people's hard work. that's a helluva stat. >> it's the same for 50 years as well it's about a nine percentage point difference again, missing on average the two best days of the year.

the two days are clustered close together and so you need to get it exactly right so good luck with that. >> you must have read your own research that was my follow-up. you have two charts, the one i showed that is very td-friendly and the other is like my ekg when my alarm goes off at 3:15 in the morning that's the point the best days often follow or are just tucked up really neatly to the worst days. so if you get freaky because the market goes down 4% and you move to cash, history says you're probably going to miss the day that makes a lot of your money back. >> that's right. exactly. >> and what can we learn from this don't time the market? >> well, absolutely. look, you've got to have risk buckets. our risk bucket is smaller than it was a year ago. we're focusing our risk investments in areas where we have higher confidence just to give you an example.

cyber security spending. we think it's going really nowhere but up but in the end, these are going to be risky volatile equities. we've also raised some of the lower risk assets in portfolio since october. intermediate u.s. treasury bonds. why would we do that it's partly to dampen the volatility and other parts of the portfolio. and so the environment is different now. we're not getting help from monetary policy. we're getting antistimulus over the coming year, and so the environment is going to be different. even as we deliver, we think growth and earnings over the coming year, there's going to be a very different type of environment for credit let me back up a year ago, essentially junk bond firms and stocks led the rally or at least competed with the highest quality firms. now beneath the surface we have to think about sustainable

investing, and i'm not specifically referring to esg, but really thinking about where returns are generated. they're generated by dividends, long-term growth, not just bouncebacks from a depressed economy. >> is it going to be basically then a blue chip stock-type year investment grade bonds are off to their worst start to the year ever. >> i would look at it this way you've got to be thinking about not necessarily a very best possible return but a wider range of possibilities and a more moderate return environment. and quality is probably the better way for you to play it. >> steven wieting, a ghostwriter on our rbi from now on steven -- >> any time, appreciate it. >> -- thank you. fabulous stuff about timing the market don't do i we'll be back tomorrow

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good morning vichbters prepare for another busy day of earnings we'll show you what let's moving right now. in a developing story, senate democrats are getting serious about banning lawmakers from trading stocks. we're going to take you there live. plus, we're going to talk about chipotle's pricing power, the restaurant chain raising

prices without a drop-off in demand that stock is surging. it's wednesday, february 9th, 2022 "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin joe is off today he shared with us where he's going, and we're very glad we don't have cameras there good morning, andrew. >> good morning to you nice to see you. >> let's talk about what's going on with the equity futures dow futures are indicated up by about 210 points s&p futures indicated they're up by about 32. nasdaq indicated they're up by about 135. i'm not entirely sure what let's moving markets at this point, but you ha