it's 5:00 a.m. at cnbc here's a look. the nasdaq snapped a three-session losing streak. president biden drawing a hard line on aggression near ukraine. former energy secretary rick perry is here with his take. call it mixed metaverse messaging as investors grow cautious on the digital frontier that's the one stock sinking

president biden with hopes of a bill in limbo. and disney is doing something for the first time at the themes park since the start of the pandemic that could impact attendance. it's wednesday, february 16th, and you're watching "worldwide exchange" on cnbc good morning, i'm courtney reagan in for brian sullivan let's check on u.s. stock future, see where things stand here several hours before the opening bell sounds. you can see the futures are slightly lower the dow down just about eight points, s&p off four, and the nasdaq down just about 13 or so. the dow, the s&p, the nasdaq, the roussell 2000, they all snapped yesterday. the dow surging more than 1.2%

the nasdaq seeing a more than 2.5% gain. let's get a check on the treasury market this one, of course, key to waj it's trading its highest level since 2021 the ten-year yield still holding above 2% of course, we're watching the short end of the treasury market the yield on the one, 5.6% getting ever close jeer checking in on oil prices, it's trading below seven-year highs, coming off its worst single-day performance since december and you can see your wti is below $93 a barrel but higher by 0.6% or so and brent crude is almost at $94, higher also by 0.6% to 0.7% there natural gas, surging 4%, almost 5% with spot rate on the futures

at 4.505%. let's take a look at what's going on in the crypto market. we saw pretty big movements yes. this morning it's a little bit lower, around the $44,000 mark ether is higher by 0.6%. and you can see the xrp here, c cardano up about 0.3%. let's get a check on things overseas rosanna lockwood has more. >> good morning. the uk has set the ftse 100 well below the flat line i. is been slightly above that throughout the morning, but now down by about a quarter of a percent hitting a near 30-year high. we were expecting this this will put pressure on the bank of england.

you saw the cac here and the european mark is taking a moment to digest and reflect on the ukraine crisis in the last 24 hours. a lot of verification needed we've had a lot of news lines out from nato and the kremlin. so the markets have been moving in a pretty quick fashion. let's get you a look at the sectors. you can see the absolutely even divide between positive and negative oil and gas, no surprise there given that we've seen oil prices recruit some of their losses in the last 12 hours or so. we are awaiting the u.s. fed minutes later today, and the uk economic data weighing heavily as well, courtney. >> thank you, rosanna. to our top story this morning, the crisis between russia and ukraine yesterday president biden taking a hard line with russia's

vladimir putin >> if russia does invade in the days and weeks ahead, the cost to ukraine will be immense, and the strategic cost to russia will also be immense if russia attacks ukraine, they'll be met with overwhelming irn ter national condemnation. the world will not forget that russia chose needless death and destruction. >> he was assessing the situation on the ukrainian border our sylvia amarmaro is looking t things. >> reporter: here's the latest assessment from nato's

secretar secretary-general stoltenberg. >> so far we have not seen any de-escalation on the ground. on the contrary, it appears that russia continues their military buildup. >> reporter: so jens stoltenberg says there's no evidence of de-escalation at the moment. in the past they have seen russia decreasing the number of military groups but then leave behind some equipment and later on returning these troops to these positions. so there's a concern whether that's actually the case once again. the feeling is of cautious optimism as nato has described not because they believe there's indeed a de-escalation at the moment but because russia has

not closed the door to further conversations, and that is indeed keeping some optimism within nato. >> sylvia, thank you very much. as we've said on this show before, vladimir putin's play can be played back to the need to get its nord stream 2 pipe stream approved. >> i don't suspect that they're going to invade. i look at this for two reasons number one, we need to be prepared in case he did. but the russian economy is smaller than the economy in the state of texas, so from an economic standpoint, russia to invade ukraine would be a tremendously negative impact on

the economy. with that said, we can't take any chances. we should never have allowed it to get to this point we had russia over a barrel, so to speak, not unlike the barrel we had over iran bad policies have been made by this biden administration. the american people are paying a tremendous price for it, not only economically from the standpoint of inflation t cost of fuel, the cost of transportation, the cost of all our goods out there going up because of their bad nenergy povtse, but it's also putting america at rifting from a national security standpoint. >> the worst policies, how are we getting around in europe? this is taking years and decades to shut down superpowered appliances in your mind, mr. secretary, is part of this gamesmanship, putin trying to make the pipelines and ukraine look unstable to make

his newer shinier and by the way doesn't have to pay a billion in tolls to ukraine every year, that pipeline look more stable in other words, is he almost trying to solve a problem that he himself is creating >> listen. you've got to give putin credit. this guy understands how to play poker. he also understands the bad policy play in the european union, for instance, shutting down fossil fuels in exchange for renewables a certain amount in your portfolio offee rey newbles makes sense, but if you go almost all exclusively toward renewable, when the wind stops blowing, you've got problems that's why putin said, yeah, you all go for it. get you some of that wind energy out there. nothing wrong with wind energy, per se my home state is number one in

the nation you have to make a thoughtful mix. you can't depend completely on wind energy. europe is paying a massive price. putin is winning at this poker match. >> does nord stream ultimately get approval i mean ultimately are they going to have to approve it? >> i don't know. i'm not plugged in at this particular point in time in my life to the levels of i was when i was the secretary of energy. i know that the germans need to be rethinking this, knowing how putin plays this game. listen, putin is not going away. he's going to be here for a long time he's discussing with the chinese now how to strengthen that relationship and if there was ever a time for the united states to lean into this whole european energy situation, it is right now

deliver that liquefied natural gas to poland as often as you can. you may have seen yesterday new-scale signed an agreement with poland to move their nuclear energy forward that's wise politics the polls get it they understand what living under a, in that case, soviet regime was all about and not giving those individuals who put them in that position years ago ever be put in power again. >> over the long term what does this mean? you have global-signing deals. is that going to be a massive growth market for companies? >> absolutely. the continuing message to the european union is you can be estranged if you will from the

russian oligarchs and putin with american l & g we can deliver it, we're sustainable, we're going to be stable, and to give europe the understanding, they can transfer north and south and through poland down to the rest of the european union, that's the right move for europe. >> our thanks to briel sullivan and former energy secretary rick perry for that interesting discussion. let's get to some of the morning's other top stories. silvana henao is here. good morning. >> good morning. shares of seaworld are falling after its bid for a theme park company was rejected it had received an unsolicitated

takeover deal. it would have combined two parks hit hard by the pandemic for what would have been a $3.4 billion deal, cording to "the wall street journal." a judge dismissing a case against cigarette maker juul it was filed back in 2020 and claimed the plan for altria to buy up juul was an incentive. ceo mark zuckerberg is saying in a facebook post employees will now be known as meta mates, zuckerberg saying it's a reference about shipmates that is already often used at instagram and a sense of responsibility that metamade should have for the collective good of the company, showing that spending on virtual reality this year will dent operating profit for the company by about

$10 million, courtney. >> thank you very much m metamates. when we come back, stocks looking to extend technical gains. where there's opportunity for investors. and a metamiss for metashares and later a worldwide exclusive with a ceo why the global chip crunch is here to stay until 2023. a very busy hour ahead when "worldwide exchange" returns

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switch today. brian is sitting down with tiger 21's founder getting his read on the markets and the volatility that's marked the start of 2022. >> we still are 75% allocated to risk one assets. what's changed in the last quarter is the public has come up you have some of the vc holdings typically our public equity is around 22% and real estate is king for the first time they're now tracking one another. >> for more let's bring in alan mcknight, chief investment officer at wealth management thank you for joining us

we mentioned the volatility that's been sort of the hallmark of 2022. how do you feel the market sentiment is right now as investors are trying to balance between what's going on with the fed and what's going on with the geopolitical tensions particularly this week >> we think the markets are solid right now. despite information on reports coming out of inflation, which is still running hot, consumer price inflation running hot we heard last week. companies are still communicating they're going to pass along these price increases to customers so we think even though we've seen a decline this past year, we think there's still an underlying theme of overall optimism if we can get through some of these more challenging

times as it relates to monetary policy and the inflation front. >> what feels appropriate for you when considering fed policy? it seems as if the market could be bracing for anywhere between four and seven hikes when it comes to interest rates in the near future over the next year or so. what do you think is appropriate to help team inflation >> we think they're on the right path we think there's more marked and slow process is working, and yet they're in a very delicate balance right now in terms of going too far, too fast. i think that's really where the market starts to get a bit of hartburn around where the next amount will be we're confident there will continue to be increases over the course of the year, but not going too fast i think it's a very delicate bansing act and one we think the fed is prepared for, but it's really around how quickly they go and not sending us over the

crest of it. >> with that in mind, what's your take on investors and hedges in their portfolio? >> we think investors still need to be overweight equities. we think despite some of the concerns regarding inflation, regarding monetary policy that you're still getting paid with risk assets, and compare that to bonds where we see rising interest rates, we see a bond index, it's a challenging time to be a bond investor. just layer onto that flattening of the yield curve that we see it makes it challenging to generate the type of turns that are needed for most investors. a friend's grandmother used to say we're not going to have a pity party about this, but we think you need to focus on adding to equities despite some of the weakness here and wanting to really capture the growth and the returns and that over the coming year despite some of the noise that's out there in the

marketplace and around policy. >> alan mcknight of regions wealth management. thank you very much for joining us here today. >> thanks for having me. still ahead, how inflation is helping shares of airbnb are taking off and why shares elsewhere are going to other way. your big money movers coming up your big money movers coming up next dodge has created the sweetest gig ever - aka chief donut maker. you'll go from dodge fan to dodge ambassador this is a once in a lifetime opportunity, and anyone can apply. you just need to show you have the drive. are you our new chief donut maker? your doctor gives you a prescription. “let's get you on some antibiotics right away.” we could bring it right to your door. with 1 to 2 day delivery from your local cvs.

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time now for your "big money movers," four stock stories of the morning. first up, the company airbnb expecting better than fourth quarter results. airbnb ceo brian chesky says people are booking longer stays for the months ahead shares are higher by 3.5%. wiynn reports. it will still run the property those shares down by more than a percent. stock three, roblox. books came in shy of forecasts daily users and engagements in

the core markets declined which they say shouldn't happen in a holiday quarter. finally upstart, the fintech company's fourth quarter results guidance beating forecasts upstart also announcing a $400 million stock buyback shares higher than 26%. well, straight ahead, a closer look at pricing power in retail and which companies are best prepared to weather the storm. and if you haven't already, follow our podcast if you miss "worldwide exchange" you can check out apple's spotify or other podcast apps. we'll be right back.

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futures are facing pressure this wednesday morning part of that is russia easing tensions around ukraine as biden issues a new warning to moscow on the matter while. that apparent de-escalation might not equal an all-clear. and the retailer with the best decision and the best pricing power. it's wednesday, february 16th, and you're watching "worldwide exchange" on cnbc. welcome back i'm courtney reagan in for brian sullivan this morning. here's how stock futures are looking halfway through the 5:00 a.m. hour. we have sticked a little bit

lower in the last 30 minutes or so dow jones industrial average down and s&p and nasdaq. let's give you a quick check on the treasury market, trading at it's highest since 2021. sitting at 2.83%, almost 2.85% the two- and five-year spread. the yield on the five-year at 1.53%. let's get a quick look at the energy market which has been volatile wti crude is higher. 92.82. ice brent crude is higher at just about $94 a barrel. to more of your top story, silvana henao is back with those. hi, silvana.

>> hi, courtney. fed nominee sara and her agency telling cnbc how it came to classify reserve trust as a bank in 2017 and its role in reserve eventually acquiring a master account with a fed, a misrepresentation. senate rubs are trying to use raskin's apparent efforts to have convinced the kansas fed into giving the reserve to block her nomination viacomcbs is renaming itself it will now go by paramount global effective today the stock falling after trading fourth quarter results that fell short of analysts' expectations but aerecorded it.

bob bakish will be on at 8:30 eastern. disney will drop mask mandates for vitters at u.s. theme parks. face masks will still be needed for visitors ages 2 and older on enclosed transportation such as the buses, other transportation, and the sky gondola. >> it's amazing how the theme parks have been resilient through all of this. president biden is warning that an invasion is distinctly possible the president is saying he still wants to give diplomacy a chance but he also tells the american public the escalating contact could leave energy prices even higher jonas goeberman is a senior

market economist at capital economics. he's here to help us tackle that question jo jonas, obviously there's an awful lot at play here what do you think is going to be today's dominating headline? is it going to be what the fed will do or what will happen with russia and ukraine >> well, thank you for having me that's a tricky question to start off with it seems to be a little more positive with that maybe -- i would rnlt say in the back mirror, but the temperature coming down a little bit, they'll focus on the fomc minutes. >> what do you expect to hear as to how many rate hikes we might

have, four or seven? what do you think it will give us any glimmer into what we might be hearing >> well, it's a tricky one the minutes are already out of date it. was three weeks ago we had quite a few -- a lot of information since then, particularly from fomc members you had quite a radical proposal, 100 basis points in the next few months. i don't think the minutes will be that specific, but anything about whether they talk about a 50 basis point hike for or against, most members are still against that boy build surprised if there's a clear signal on that front and a clear key, when that's going to start. i think that's where the fed is still -- they still seem to be working that one out and there's a lot less clarity on that point.

>> inflation just seems to keep running hotter and hotter, whether you're looking at the cpi numbers or ppi numbers that just came out today. how should investors be thinking about some of these economic data points and inflation and how that played into things like retail sales and growing revenues is that going to be about a sign of health or is it about inflation? is unit growth increasing? >> youmean in a sense of real growth >> exactly. >> it will be a lot less positive than the headline with inflation this high. i mean that said, we've been saying this. it will eventually start to come off, you know. 7% is probably not going to last the real question is where does it settle in the second half of thissee. are we getting back to 2 and a bit, which is something the feds are hoping for or is it settling

to 3% or 4% that would ford them to go potentially even more so than discounted. >> i know the fed obviously has their dual mandate i know 2% is usually the line at which they're targeting, but 7% is pretty well above that. we'll see how things settle. jonas goltermann, thank you for joining us. >> thank you for having me. the consumer ahead of today's retail sales report that's expected to show a rebound in activity after december's pullback despite the uptick of the surging inflation. some retailers are ready to weather the storm perhaps better than others when it comes to pricing power and keeping healthy margins. joining me now is dana tulsi and brian eschelman.

dana, we'll start with you what do you think investors need to be mindful of when we're looking at these results and how inflation is playing a part in them how do we measure the real health of these companies' growing revenues >> overall i think when the numbers come out, the fourth quarter is in the rear view. as you mentioned, courtney, inflation is a headwind. luxury groups, rh, lululemon, i innovation is giving them the ability to increase. some of those supply chain increases like air freight don't come for free. they're very expensive we want to hear some noshlization labor costs and inflation are big elements, too, and certainly

the wage growth year over year is certainly compelling, but we're lacking stimulus and the end of child tax credits the difference between income levels and the difference between categories is what we're going to want to see along with supply chain and steady demand. >> brian, as i'm looking at your notes here, you believe it actually had only a moderate effect in january. how is that possible when we saw cpi up 7% year over year >> i think the consumer really hasn't embedded the extent of price increases in their psyche, and i think there's still more to come in many categories think about it retailers buy their goods six months ahead of time as dana mentioned, they've been dealing with supply chain price increases and trying to weigh

those. they can only hold back for so long on the and tent of pricing across the board i agree with dana. the power innovations and brands will be helpful with higher end luxury sectors, but i don't think the consumers realize the price increase across the board. >> dana, as we talk about it, people often look at some of the discounters, whether it's the walmarts and others. what should we be thinking about this time around >> exactly i think you have something the discounters will be beneficiaries of this. we've seen it in the past. we'll see it in the future with these discounters, what's the traffic, what's the conversion what are they seeing from ynline what price increases and categories are they going to be

passing through. that's with walmart and a lot of the other low end players. >> bryan, what do you make of things as you hear from more retailers and the details of their earnings report. if you're an investor, what should you be looking for to separate the winners from the losers >> i think in general they'll be more in the apparel footwear sector i think the demands will help with the price increases that are surely to come through discount clubs are going to be strong retailers enjoy a lot of traffic because they sell groceries or consumables and have strong programs to combat price increases will have good

results. i think consumers are done nesting and looking to shift their spending elsewhere probably larger ticket items where inflation or high-digit inflation equals high-dollar inflation, that will cause people to give pause. i want you to give winners and losers name by name. >> i think luxury goods, cosmetics like estee lauder. handbag companies like tapestry and capri. like bryan said, as people go out, they're going to want to get dressed again with social occasions, and we're beginning to see it. i think tupper tier certainly can weather it

the lower tiers is where people are going to go to, and that's the discounters. >> interesting stuff my feet have to get used to wearing high heels again thank you. coming up, a worldwide exclusive as a ceo of a semisays the chip crunch is showing no signs of easing any time soon. and one furniture manufacturer still facing snags. "worldwide exchange" is back in just a moment. getting the incredible iphone 13 without t-mobile, - three...two...one... - makes as much sense as playing hide-in-seek... ready or not, here i come. ...in the desert. [sighs] really guys? t-mobile has more 5g bars in more places than anyone. and now, when you switch, you can get iphone 13 on us, on every plan.

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time now for your "big money movers." shares of la-z-boy drops it was hit by multiple supply chain demands and also saying it faced shortages of its parts and reported record-breaking absences denny's also sinking on its disappointing results. ceo john miller citing an omicron-related dip in attendance but also strengths to people seeking more long term. and akamai reporting it's

getting into a philadelphia deal tom leighton has more. you can catch him in an interview at 6:50 eastern time. we continue to watch one of the biggest drags, the global ship shortage. the make e of trips that go into everything says it's not so sure >> if you look at where we are, we're in a confined restrained environment. if i look at where we are today.

we're not going to be out of it. >> how did we get so out of balance? obviously covids, shutdowns, i get that, but is that all it is, or is there something else at work to where we got to this point? >> look, i can't specifically talk about some of the markets we're in think about automobile and industrial think about what's going on with the car. the car of two years ago is very different than the car of today. >> it's a computer within a -- >> it's a computer platform that happens to have wheels that goes from point a to point b. how does it go from a to b >> the driver has a lot to do with it. that's demand that didn't exist two years ago. not the capacity level that existed two years ago.

it's the mix of technologies the same with industrial that acceleration, we've always heard about industry 4.0, factory elevation. you need automation, you have the social distancing and factories that's playing a big role, labor shortages. well, how do you bridge all of that while maintaining output? >> so it does sound like, though, it's not just covid. that this incredibly rabid change in the automotive mving products, it's simple. but this is happening so quickly your industry is having to evolve even faster. >> that's right. think about it this way. we've always known electrify indication is going to be the future, that's fine, but the rate at which it happened, more

importantly after it really erupted, 2020 was covid. so there was no capex investment happening. capex was taken offline in order to sustain operations. capex that sits idle is a drag. >> ironically just like oil. it's the same thing. >> we know that because it was a drag on our financial in those years as well. >> yeah. >> so fast forward, demand came back, different mix, and we don't have time to recover we're investing. you heard me about doubling , it takes time. >> you're talking about the shift. you're putting your fingerprint on this company, which is more than auto. >> that's right. >> how big of an opportunity is that and to my first question, why do you think on doesn't get the love of an nvidia or amd

>> so look you can talk about all the sexy products, that stuff that drives the car. but whey remindiving -- and we are going to get the love. it's a short period of time. we've done a lot of progress there's a lot more to come we're going to come out with a company that's a leader. intelligence power and sensing what drives the car, what is the vision of the car in order to allow them to see the record is whey we do so we are essential, and we'll get our part right now we're building the foundation in order to solidify that part. it's been great and it's the momentum that we're building it's not where we are today. it's how we built the momentum

to sustain the transformation for cars my answer is yes and we're not done yet. >> you keep the car on the road. >> our thanks to brian sullivan. on deck, tiffany mcgee lays out the trading ahead and the one insurance name that's on her mind here's tiffany mcghee. i think it's important to let people know our community and their community can do the exact same thing

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welcome back you can see futures are lower but we recovered just a bit. our next guest says it might be the beginning for stocks which could be looking at sufficient support to move higher tiffany mcghee is a ceo of pivotal advisers and cnbc contributor. what are we focused on today we're getting fed minutes, watching russia and ukraine. where should our focus be? >> first of all it's really important to understand that what we're rp seeing right now is following fed uncertainty and not necessarily uncertainty. the market does not like uncertainty. they're going to take their cues from market data, so i think until we have details around the pace and the amount of the rate hikes, i think be're going to

continue to see this volatility. a couple of things answering questions like will the rate hike change it to 45 basis points or 55 basis oints those are two different numbers. is the fed going to continue to raise rates? i think until we know, we'll be uncomfortable knowing which way it goes. this uncertainty has an expiration date. so at some point this year we'll know. >> do you expect the markets to react and how do we tease out what's actual retail growth and what's the result of inflation >> i think it's a little bit hard because we are coming off such a low, but it seems like we're in a spr growth mode but i do expect the markets to react at least a little bit to retail sales because listen. consumer spending is 70% of our

growth so i really do believe the market is looking for any kind of indication to thinks are going well or not. when you look at how the market has been reacting to the smallest bit of news, i think we're going to see a reaction to retail sales. >> maybe they are doing some stock shopping what should investors be look for as we still have supply chain crunches going forward are we looking at inventory levels, healthy margins? >>. >> going forward the best opportunity are going to be specific stocks within a sector that can deliver revenue or margin growth. one of the areas that typically does really well in rising rate environments are financials, but, again, i caution everyone to not paintall sectors with a broad brush. so when you think about this,

rising rates really with financials allow is these companies to increase their profit margins specifically with insurance companies when you think about what they do, they take their customers' premiums and invest in lower assets. rising rates translates into higher income for them when i think about that trajectory one stock, it's not a company that everybody talks about it, it has high credit ratings across all the agencies, strong operating cash flows, increase their divideffer con sc activity. >> chubb is tiffany's pick.

that does it for us on "worldwide exchange. futures are indicating a lower open, but only marginally so "squawk box" is going to pick "squawk box" is going to pick things up from here. so healthier can look a lot like...you. cvs. healthier happens together.

"squawk box" is going to pick good morning news overnight moderna. its comments straight ahead. president biden's nominees on hold after republicans boycotted yesterday's vote we'll take you live to washington. plus ben bernanke warning a russian invasion of ukraine is still possible and could have a major impact on gas prices it's wednesday, february 16th,

2022, and "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc i'm beck request quick along with joe kernen and andrew ross sorkin the morning you're seeing a very slight pullback, down by 28 points below the value s&p futures down by 5, the nasdaq futures off by 16 take a look at the riggs 2,000 yesterday. it's the best day you've seen in several weeks there, and the russell we're paying so much a attention.