it is 5:00 a.m. at cnbc global headquarters. here is your top five at 5:00. wall street trying to reverse course after the worst week since january. stock futures pointing higher. not so for the chinese tech stocks the sector taking a tumble on de-listing fears sticking with that china story. the government putting a key port city in lockdown amid a new covid outbreak one that could send shock waves

through the global economy in ukraine, the fighting continues as attacks on civilian targets ramp up and russian offensive sets its sight on the target in the south. in the face of growing tensions, u.s. and china set to hold face-to-face talks in rome today focused on security and crisis in ukraine. it is monday, march 14th, 2022 you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivan we start off with u.s. futures hoping to turn the tide after the slide last week. the dow futures are pointing to a 250 point gain at opening bell s&p higher afternt 26 this after the dow saw its fifth down week in a row

the nasdaq and s&p coming off the worst weeks since january. checking the bond trade ahead of the week's fed policy meeting. ten-year treasury note 2.059% the crude is ticking lower brent is $109.41 and west texas is down 3.5%. let's get a check of the trading overseas with julianna tatelbaum in the london newsroom good morning, julianna >> dom, good morning european equities on a strong footing. green across the board extending the gains from last week it was a volatile week of trade in europe. ultimately the stoxx 600 broke a three-week losing streak to end

higher we are seeing investors continue to put money back into the market we have the german index out in front 2.2% vw shares out performing after delivering strong results. strong in deutsche bank shares this morning after the bank came out and said it was reversing course on the russian strategy and winding down their russian business contrary to what they said last week broad based gains. from the sector, i mentioned vw and deutsche bank. the two sectors out performing auto up 3.6% to put this in perspective, banks hardest hit by the russian invasion into ukraine. the slower path to normalization of monetary policy weighed on the banking sector we are out performing this morning, but that is off the low base retail and insurance are on the

top performance. basics resources down 2.2% dom, back to you thank you, julianna tatelbaum. to the war in ukraine on the 19th day a new round of peace talks with russia and ukraine via video conference this is after the offensive in the western part of the country from russia sellihelling an are0 miles from the polish border which includes a key military base which killed 35 people. brie jackson joins us from washington, d.c. it is creeping closer -- a closer creep to the polish border and that means nato >> reporter: you are right, dom dominic. that is raising concerns that russian military strike or missile strike that happened over the weekend was roughly 20 miles from nato ally poland.

ukrainian officials say nearly 30 missiles were fired at the most famous military base killing 35 and wounding more than 100 and shattering a sense of safety in lviv. >> there is no safe place in ukraine. you are at war with a country who has missiles who can fly to any capital in european union. >> reporter: u.s. officials believe the attack was an attempt to cut off supplies for ukraine. >> it is no surprise that the russians are trying to expand the number of targets in the war because they're frustrated >> reporter: fears russia's military actions could cross nato turf. the area the u.s. vows to defend threatening severe sanctions should russia deploy chemical weapons. it is a concern, but the officials decline to discuss the intelligence >> we have not seen anything

that indicates some imminent chemical or biological attack right now. we are watching it closely >> reporter: there is also a warning to china or other countries who may attempt to aid russia's war efforts >> if they think they can basically bail russia out, they can give russia a work around to the sanctions that we've imposed, they should have another thing coming >> reporter: more assistance is coming to ukraine. the white house is rushing to get additional $200 million in u.s. military equipment to the frontlines national security and state department officials will travel to rome to meet with the chinese counterparts among other things, they will discuss the russian invasion of the ukraine. dom. >> thank you, brie. back to the markets. investors turn attention to the federal reserve. the central bank expected to roll out the first of several rate hikes since 2018.

anneka treon is with us. thank you for joining us i wonder as you look toward what is happening with the fed, is there anything that the fed can do or say on wednesday that will surprise the markets given what we already heard forget about telegraphing. we heard from jay powell it will be 25 basis points >> it is the points on question. powell managed expectations. he cited 25 basis points he mentioned let's keep the door open to discovering what needs to be done given the rapid changing environment around the war. the point we need to remember is this, we spent the last 18 to 24 months obsessing about this moment we were talking about -- talking about raising rates. then we went from talking about raising rates and now actually in the world of raising rates. i think what people will be

looking for closely from powell is not only about the first rate hike or the series the market expects with six increase, but the balance sheet. that is what is key. >> so, can the u.s. economy and maybe by extension, the world economy, at least work through the notion that the fed is tapping the brakes on the economy and inflation? can we expect market volatility because of this or ais the marke largely tapped in what the fed has? >> as mentioned, we had about 18 months of understanding of this. the other thing the market has learned is relying on the fed puts, the fed will always rescue markets is no longer relevant. the point is it is all about inflation. what came out of the last inflation reading is it is about the broadening of price pressure

besides energy consider the fact that the price of food for americans that is purchased at home is almost increasing at 9 percentage points increase. the crux is to what extent can powell put off the most impressive central bank action in decades of managing inflation without triggering the u.s. economy to go into a growth slowdown slowdown/recessionary environment. it rests upon the labor market and level of pent-up savings of consumers and consumer confidence picking up after the ten-year lows. >> anneka, the markets in the u.s. have seen market pull backs with the last several weeks before the russian invasion of ukraine. is it fair to say now that perhaps there is a buying opportunity or do we think there

is more volatility ahead because we don't know what will happen in russia and ukraine and then china with the recent lockdowns in shenzhen? >> that is it. there is always the risk premium. prior to the war, as ayou say, this equity grows sharply because we can no longer rely on the fed puts powell had been outspoken about keeping the window of options totally open from the monetary policy perspective that is key for markets. over the last ten years, the markets are dominated by monetary policy action that is what is sending prices up the good thing is that awareness built up and has been coming in. as to where equity market goes from here, the two words you must remember and that is pricing power.

we have gone from the environment where we had inflation. it was transitory. central bank conceded and saidty we are now in an inflation discovery environment. we simply don't know what we don't know we are seeing a broadening of pricing pressure beyond the war the supply chain disruption and the suez canal blockage. we have not worked through that yet. let alone the disruption the words you need to remember is pricing power which companies truly have the ability? >> all right pricing power is key anneka treon, thank you. we appreciate it. when we come back, chinese tech tumbling as de-listing fears continue and more lockdown a major hub over covid.

and elon musk giving bitcoin bulls a reason to celebrate this morning. a very busy hour still aadhe when "worldwide exchange" returns after this break ♪ 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.

welcome back let's get to the top stories bertha coombs is here with those. good morning, bertha >> reporter: good morning, dom dual listed chinese tech stocks

with alibaba and tencent and yum and baidu falling more than 13% in asia trade. this despite the comments from the largest investment bank with the u.s. and china believed to have earnest discussions of revolving the regulatory issues. the hang seng ending the day down 5%. bitcoin and cryptos could get a boost after elon musk says he is not looking to sell in ethereum or dogecoin musk admitted that tesla and spacex are seeing inflation pressures with raw materials it is generally better to own a home or stock and companies that make good products athan dollars when inflation is high

and uber is adding a surcharge. the charge is in response to surging gas prices uber riders will now pay a fee of 40 to 50 cents per trip and uber eats will have 45 to 55 cents. those fees will go to drivers and last two months. if we keep seeing these gas prices increase, we will see more of these fuel charges >> i'm a driver. i know it very well. bertha coombs, thank you very much the s&p 500 is down 12% this year coming off a 2% decline last week that is largely on continued jitters of the fallout from the war in ukraine and the fed expected to raise rates for the first time since 2018. the next guest says the s&p is set for a bounce frank cappelleri is at instanet

what does it mean with the s&p that we have seen with the pull back and will we have any support here anytime soon? >> thanks, dom s&p 500 is in a down trend until proven otherwise there is a reason to believe to have another rally right back in the pocket of 4100 or 4200 area where we saw rallies happen the last few months in january and february with the rallies on 11% and 8%. coming off the 2% down week. that was rare. go back to 2018. it happened 30 times now 21 of the 29 teimes, it was up the next week. 7% and third, march supports a mid month to late month rally attempt. you put that together and it sets up opportunity to have a rally day. the issue is the rallies haven't

faded. until we break that down trend, we have to treat this with a grain of salt. >> the level of 4000 to 4100 range. you think this action could hold >> if you see below that and it doesn't hold, there is a big air pocket we don't have the chart there, but it is a big head and shoulders pattern which is a risk it has held. it has to hold again or else we will see down sideomentum. >> frank, with the issue with rates and the fed meeting and 25 basis points hike. can we talk about the rate outlook is for the ten-year yield? it is one that a lot of people are focusing on right now. >> in terms of patterns, the classic breakout with the 1.7 areas of the ten-year yield.

it broke that earlier this year. we quickly got to 2% that is when expectations ramped up in last few weeks, it held it is back up. it shows we will get higher rates, but it will be slower than originally anticipated. you want to take this relatively slowly it is presumptuous to say we will have so many hikes without understanding how the market is going to digest the first one. from the equity perspective and economy perspective. >> we are showing things, that bottoming out at the 1.2% for the ten-year yield and higher at that 1.35% range and where we are sitting right now at 2.08. you feel as though there is a little bit of uncertainty. is there a good target we could see happen in the coming months

given what we know right now >> in terms of the ten-year yield, the measure move from that very large bond information which gets to 225. you are seeing it higher from there. >> 2.25. the target and lastly, we see what is happening with the clear outperformer since the pandemic lows that is the energy trade versus the rest of the stock market is energy a compelling story is it still worth buying right now? >> i do. one reason this trade has been with us for some time and one way to look at this is the october '20 lows and over that time frame, not including this year, it is up 90% versus technology up 50%. you are talking double before the performance gap. you can look at the xle and crude oil and any other etfs and

they are in an up trend. all that did was run the xle back down. that seems to be a really strong term until that breaks, we have to believe that inflation is with us for a while. >> frank, we talked about it the performance gaps with technology and energy. they widened and then narrowed in the middle of last year and heading into this year narrowing a bit. that could widen out a bit more. >> definitely could. at the least, we want to look at stocks and areas that are uptrends >> frank cappelleri, thank you very much. >> thanks, dom. still to come, looking at the tech wreck and is eranthe y sector you should be looking to

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welcome back to "worldwide exchange." let's check on the headlines are frances rivera in new york with the latest >> dom, good morning police searching for a man who attacked two employees at the museum of modern art in new york city 60-year-old gary cavana was not allowed to get past the en entrance he stabbed two employees

they are expected to recover the officials say cavana is still at large he was denied membership because he denied member a day earlier remembering william hurt his career included films like "body heat" and "broadcast news." he was known for the incredible hulk he died of natural causes. william hurt was 71 years old. and tom brady is not done with football. he announced he is returning to the buccaneers he has unfinished business this will be his 23rd season in the nfl. i don't know about your house, dom, this news came from nowhere. what is this all about i don't know a lot of people have mixed feeling. >> was it out of the blue or did some people feel he was due to

come back at some point? >> some people said he went out and controversy back and forth t after all that we will see. he is the g.o.a.t. >> unfinished business frances rivera, thank you very much we appreciate it still ahead on the show, live report from ukraine as russia steps up its attacks in the western part of the country with virtual peace talks under way at this hour we'll be right back after this 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. or same day if you need it sooner. but aren't you glad you can also just swing by to pick it up, and get your questions answered? because peace of mind is something you just can't get in a cardboard box. that's how healthier happens together with cvs.

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the fed in focus investors gearing up for the central bank's first rate hike in roughly four years. roger ferguson is here to layout the road 3map ahead. russia continuing the bombardment of ukraine and they bring the war closer to the border we are live on the ground as two sides hold a new round of peace talks. developing story in china. the city of shenzhen under lockdown as officials race to contain the spread of a covid outbr outbreak it is monday, march 14th you are watching "worldwide exchange" here on cnbc welcome back to the show

i'm dominic chu in for brian sullivan today here is how your money and investments are looking halfway through the 5:00 a.m. hour solid gains at the opening bell. dow implied higher by 255 points s&p higher 26. nasdaq higher by 36 points a modest move for the nasdaq it is all coming after the dow saw the fifth down we'rek in a row. checking bonds as well at this hour ahead of the big fed policy meeting. ten-year note yield 2.08%. the two-year note at the highest level since september of 2019. the ten-year, go back to july of 2019 as well chinese technology stocks taking a beating. jd..com and meituan and baidu

and alibaba all facing retaliatory risks over the close china relationship with russia you see many losses there this the double digit percentages in chinese tech and internet. to the war in ukraine. russia moving closer to the nato border after the air strike in western ukraine, 20 miles from the polish border. 135 people killed and more than 30 hurt. officials are holding a new round of talks via video conference ukrainian president volodymyr zelenskyy is calling on microsoft, oracle and s.a.p. to take further action against russia zelenskyy tagging the companies in his tweet the trio announced steps to rollback business operations within russia. oracle has done everything possible nbc's molly hunter is in lviv, ukraine, which is one hour west

of the weekend attacks molly, how intense has the situation gotten >> reporter: dominic, it was a game changer a major escalation the most west the russians have attacked with that said, no one in lviv is surprised they attacked that military base. the famous military base a sprawling training facility. an hour from me. 20 miles from lviv 15 miles from the polish border. nato drills. u.s. and uk troops training for the last several years it was not a surprise it was attacked, but it changes the game in lviv 35 people killed and 134 injured. this city has been the safe haven in the west of the country. everyone fleeing from the east has come here and this is the departure point for people going to poland or elsewhere we talked about this with people and asked if the risk

calculation had changed. a lot of people said they may consider moving. the other thing people told us is this proves that nowhere is safe in the country. >> can you tell us now a little more about the southern part of the country? the besieged city? i wonder if there is more focus on that area and lviv and are we f forgetting that area close to crimea >> reporter: this was the escalation in the west the focus and major fighting which is all happening in the east along the black sea belt and mariupol and odesa on the other where the russians are trying to consolidate. the southeast port city we have been talking about the last ten days it has been surrounded residents there, 450,000 residents, according to the icrc are without water and

electricity or heat or food. we have been tracking that city for the last 48 hours. the roads are treacherous and blocked by russian troops. our information this morning is they are 50 miles out of the c city cargo including medicine and water and food for some of the people to continue to survive. once that convoy gets to the city, they hope the civilians can get on the vehicles and get out of the humanitarian are corridor there is no confirmation they will reach the city. dom. >> thank you for the update. to china and another developing story officials placing the port city of shenzhen on lockdown for the next week in the effort to stem a growing covid-19 outbreak. with apple supplier foxconn and a dozen other companies halting

production the city of 17.5 million people is a big manufacturing hub and lynch pin in the global supply chain. eunice yoon has more from beijing. eunice, this could provide a brea breaking, if you will, on the global economy at the worst possible time. take us through the implications >> reporter: absolutely. especially because of the supply chain impact those 17.5 million people you mentioned in shenzhen are now in partial lockdown having to get tested at the one behind me. shenzhen has ordered all non-essential businesses to suspend operation until march 20th travel is restricted the city population of 17.5 million people tested for a third time apple supplier is foxconn and

unicon have green lighted back-up plans. unimicron is a supplier for intel. china is fighting 9,000 cases s far this year. this is more than all of 2021. other cities are also now clamping down on outbreaks shanghai has shut schools and restricting travel it is rumored to divert international flights away from the city this week the 9 million residents where toyota has a facility can only leave home every other day to buy groceries. shanghai epidemiologists today told reporters the vast majority of cases are stealth omicron and china could see a rise in cases and this outbreak, dom, as you can imagine, is challenging the

zero covid policy which is beijing's policy to make sure they get no cases here in order to do what we started to do at the start of the report to ease the impact of the economy here >> eunice, can you tell us about the zero covid policy. it has been high profile during the pandemic is there any reason or indication that could change given what is happening with shenzhen and what is happening with the real economic impact? could they ease it is there any possibility they could? >> reporter: we have seen a bit of a change just in the past couple days. that is that the chinese government has approved for the first time the public use of rapid anti-gen tests separately, they gave the green light to pfizer's covid-19 pill treatment to be commercialized

this year. this is the first time a foreign covid treatment, has been approved in china. i think it suggests that the government is looking for an off-ramp to the covid policy the shanghai especpidemiologistd to open up shenzhen to the country could be overwhelmed because the medical resources are so much less than compared to the population. >> eunice yoon live in beijing thank you very much. back on wall street, futures are trying to make a comeback. dow implied higher by 275 points we still have a long way to go especially in technology the nas do nasdaq coming off tht

week since january meta is off 51% from the highs we have seen since we have been tracking things. netflix is off 51% docusign off the record high and same for zoom communications joining me to discuss this is jared weisfeld at jeffries. >> thanks, dom i think in the previous segment, you summed what whaup what is ig the sector we c i think meta is an example they are talking about eastern ukraine. we saw the system thing from booking.com with the impact on the business you have multiple factors impacting technology sector,

including geopolitical conflicts. keep in mind the rising interest rate environment we will get more are color in a few days from the fmoc in general, yes, for sure. you have multiple headwinds. you will see investors bs flocko names that are secular opposed to cyclical. we will see it form. >> you say the software sector there are areas or companies that you think are more compelling to you at these levels you mentioned the notion of people flocking to the growth trade in technology. i remember in the past we talked about the idea that some traders look to apple as almost a safe haven trade. are their places more attractive right now?

>> for sure. take a step back and look at the number onearea of growth withi software several anything with the cloud. the growth rate at amazon and google and microsoft those growths are unabated you want to look at names that benefit from the infrastructure growth associated with the public cloud and cybersecurity. in terms of the geopolitical that is unfolding with the global cyber attacks we have seen that over the last couple weeks, including palo alto and checkpoint and crowdstrike last week. you will see continued momentum in the cybersecurity sector. >> cybersecurity and software industry for sure. jared, before we let you go, we would be remiss if we didn't talk about the macro interest rate environment is it plausible that tech trade

is embedding in future rate hikes from the fed >> absolutely. look at what is going with the spread the spread with the two-year and the ten-year yield that is 20 basis points. that spread predicted every prior recession. as that goes to zero or reverts in terms of growth going scarce. you see the names coming down 50% to 60% the growth rates we are talking about remain robust. there is a private equity put, if you will, in terms of the floor of the names citrix taken out by private equity there continues to remain a healthy number of acquires for the sector >> buying the dip from the institutional side jared weisfeld, thank you very much. coming up, ukraine in focus

as u.s. and china come together for talks overseas and a warning for beijing. and warren buffett boosting his bet on one oil company optoess on the other t sri when "worldwide exchange" returns from this commercial break. . like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideband in many more cities, you get up to 10 times the speed at no extra cost. verizon is going ultra, so your business can get more. welcome to ameriprise. i'm sam morrison, my brother max recommended you. so my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors the garcia's, love working with you. because the advice we give is personalized. hey john reese, jr. how's your father doing? to help reach your goals with confidence. my sister told me so much about you. that's why it's more than advice worth listening to. it's advice worth talking about. ameriprise financial.

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>> reporter: dom, hi representatives from the u.s. and china are set to meet in rome today for high level talks focused on ukraine the white house national security adviser jake sullivan will meet with the top foreign policy official with the highest level face-to-face meeting since the russian invasion began sullivan will stress the economic and trade consequences that beijing will face if it helps russia in the war. back at home, warren buffett shoring up the state in occidental buffett adding $1.5 billion after purchasing $4 billion last week occidental is the ninth largest holding. ford is pushing back allocations to dealerships citing ongoing production cuts 37 suppliers failed to deliver

parts. that leading to production losses they are telling dealerships they will not receive new deliveries until the end of may. new car showrooms could remain empty during a normally busy period for sales it is tough trying to find cars on the market. dom. >> absolutely. that market is disjointed. thank you for the update. back to the invasion of ukraine and justice department efforts to target the russian oligarchs. turning to cryptocurrency and institutions that aid the russians robert frank has the latest with who is under the doj microscope. >> reporter: good morning, dom the justice department warning they could become targets in the oligarch crackdown klepto capture failing to

maintain adequate policies will be under investigation trading with the ruble doubled in the early are day days of th ukraine invasion fre freezing hedge fund investments from roman abramovich. he has invested through concord management that could include mill street and imperial some funds like brave and howard will return concord's investment abramovich had been trying to unload his hedges in recent weeks. he has large holding of u.s. stocks unclear what vehicles he may have used.

concord did not respond to requests for comment, dom. it is interesting to see the oligarchs which are well diffdiv diver diversified. >> so, robert, as we talk about the way the sanctions are working and the notion they could be using crypto. how invested are these oligarchs in the crypto snmarket it doesn't seem anybody of that stature and wealth would put that much in cryptocurrency in the last few years >> we know large u.s. billionaire investors have put a small percentage in crypto which is a large dollar number for them you think the oligarchs who are masters at protecting assets and sheltering through llcs and

crypto, relative to the world's wealthy, a large percentage of crypto as the invasion and s sanctions ramped up. they were preparing for this i would guess the top guys had large dollar holdings. >> a big deal for sure with regard to the crypto trade robert frank, thank you. still on deck, the fed readies for the first rate hike in years roger ferguson will tell us how they got to that decision. we'll be right back after this every big idea every game changer every "how'd they do that?"

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at vanguard, you're more than just an investor, you're an owner with access to financial advice, tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. welcome back investors turning attention to the fed this week and the latest policy meeting central bank is expected to

raise the interest rate. joining us now is roger fe ferguson, former fed chairman. roger, is the fed doing the right thing raising interest rates given the issues with ukraine and russia >> i think yes, the fed is doing the right thing. recognizing the inflation is a clear and present danger it is a problem for wall street. it is a problem for main street. i think it is an important element of the fed mission if in fact, they have a dual mission. they have to move. having said that, you saw it in chairman powell's testimony. i think the way it will play out is the pace will be slower and they will be focused on the incoming data to guide them. they have to move now to

maintain credibility and an be consistent with the mission. >> roger, there is no uncertainty at all with regard to the rate decision coming up pending any really, really drastic macroeconomics condition. jay powell told congress it is 25 basis points. what does that do for the fed calculus going forward does the fed have the runway to be patient with the 25 basis point hikes? >> when you are prepared to do liftoff after so many years, it is important not to surprise markets. clarity of the message is a plus the second issue, they still have a lot of credibility for sure the market expectations for

inflation forecast out it is coming down over time. they have the ability to be a bit more patient here because they still have a lot of credibility or inflation expectation which is high or getting out of control over the intermediate to longer term. and finally, they want to be cautious and patient and prudent. waiting for the uncertainty to clarify as much as possible. the geopolitical situation increases upside risk and inflation being higher and lasting longer than they like. also it increases the down side risk that the economy, which is in good shape, slows more than they want. they risk the other part of the dual mandate of maintaining maximum performance. they will be methodical here >> there is no auto pilot for sure they have a tough market to navigate

the toughest the fed has seen in years and decades at this point. i wonder now if the way you see things, roger, right now in the macroeconomics conditions, there are some signs that the inflation picture may be easing. i point to crude oil prices which have dropped another $5. benchmark u.s. crude was $130 within the last couple weeks now back down to $104. what do you see in the economy that could point to the inflation picture easing if that were to hypothetically happen? >> i think you start off at the right place. inflation driven by the uncertainty and some driven by supply chain challenges and labor market issues. go through them one by one geopolitical uncertainty who knows what will happen there. we understand if this war gets

resolved in some way, it is market friendly. oil prices will come down. in fact, futures markets in oil do expect the price to come down secondly, supply chain issues. those have clearly been made worse by the war that russia has started in ukraine those will over time fix themselves and finally wages we will see how that plays out there is an opportunity for inflation to temper. >> roger ferguson, thank you very much. we appreciate it have a good day. that's it for us on "worldwide exchange. "squawk box" picks up the market coverage coming up next. getting the incredible iphone 13 without t-mobile, makes as much sense - as playing hide-in-seek... - ready or not, here i come. ...in the desert. really guys? t-mobile has more 5g bars in more places.

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good morning stocks coming off the worst week since january, but futures pointing to a higher open as

investors wait for an interest rate hike from the fed kind of what do you know what is going on breaking overnight selloff in hong kong as major chinese cities lockdown to combat a covid outbreak. we will go live to beijing. and russia striking a military base near the border with poland prompting a u.s. warning of the full nato response if poland were to be hit. it is monday, march 14th, 2022 right between the anniversary and a birthday "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are