tv Worldwide Exchange CNBC March 15, 2022 5:00am-6:00am EDT
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bidding site. this kitchenaid mixer sold for less than $26. this i-pad sold for less than $43. and this playstation 5 sold for less than a dollar. go to dealdash.com right now and see how much you can save. it is 5:00 a.m. at cnbc global headquarters. here is the top five at 5:00 the fed kicks off the two-day policy meeting today likely capping off with the first interest rate hike in years. on wall street, stocks under pressure after the s&p does something for the first time since the start of the pandemic. new signals of a possible recession and after shedding more than 8% yesterday, oil is sinking this morning as crude dips below $100 a barrel. and under pressure
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chinese technology as the sector's biggest etf wipes out all of the gains going back to 2013. and the war in ukraine grinds on with both sides set to meet again today it is tuesday, march 15th, 2022. you are mwatching "worldwide exchange" on cnbc. good morning i'm dominic chu in for brian sullivan kicking off tuesday morning with the stock futures pointing to more losses. the dow implied lower by 100 points the nasdaq down bey 60 points. it has been the most volatile of the three. the mass damage posting losses compared to the broader market shedding more than 2% as you see on the day nasdaq is off 22% from the record high that it set this
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past year. according to the investment group, 115 days the nasdaq is now three days away from being in the longest correction phase from the great financial crisis in 2008 and 2009 the selloff on chinese technology stocks showing no signs of slowing down. the nikkei up .20% the hang seng and hong kong down nearly 6% and the shanghai composite down 5% in that trade there. a very big thing going on. the hang seng in china etf enter pr enterprize with the drop the similar story for the largest tech etf kraneshares intranet fund is down 4%. it fell 11% yesterday. it has now wiped out all of the
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gains going back to inception in 2013 look at the year to date losses. alibaba, jd.com and baidu. all down this morning. we will be covering this story throughout the hour. checking off bonds with the two-day policy meeting today the ten-year treasury note above 2.09%. the two-year treasury is 1.81% this is after shedding 8% yesterday. let's talk about the oil trade it is down this morning. wti benchmark crude now $97.27 remember, just within the last two weeks, we were at $130.50. a steep correction there world benchmark ice brent crude is $100.96 let's get a check on the
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trade in europe with rosanna lockwood good morning, rosanna. >> good morning, dom as you put it, asia really something to look at here. macroeconomics fundamentals. inheriting the weak lead from asia the ftse 100 down 1.5% the cac in paris and dax in germany down 2%. a lot of this is due to ukraine and hopes for peace talks later. let's see how the sector story is playing out here. as you can see here. it is media and utilities that is doing a little better every sector down by .75%. meantime, you are looking at basic resources 4% in the red. oil and gas is 3% down you also mentioned the china covid risk
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that story playing heavily into this at the moment including in basic resources omicron is spreading through certain provinces and causing shutdowns. i'm sure you will go into it in the show with many factories that will play into the supply chain and inflation and it will play, i'm sure, into the fed meeting. >> thank you, rosanna lockwood back here at home, the negative sentiment ahead of the fed decision and amid the war in ukraine. the s&p 500 down 12.5% year to date according to the investment group, the fourth worst start to the year in the s&p history going back to 1928 it trails only 1935 during the depression era and 2020 during the pandemic and then during the 2009 great financial crisis. this is a precursor of more
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bearish weeks and months ahead let's bring in founder of delancy wealth management. ivory, let's talk about whether or not investors should be worried or think about this as an opportunity to be a longer-term investor and buy on the cheap. >> i think wealth disappears, but only shifts. take into account the environment. this was already happening before any talks of the fed raising rates or the russian invasion or any supply chain issues in china. if you think about federal spending decline by $1.3 trillion that's 6% of the gdp this was already coming to pass. you could see that represented by a flattening in the yield curve. you see high yields declining. rates are going up that tells you that the market
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already thinks that corporate profits will slow. given the current environment, we want assets that are more defensive in nature to preserve the capital. >> ivory, where are those spots in the market that are on your shopping list? what do you want to buy now if it is not big tech which is the consensus trade for over a decade now >> anytime you have growth sl slowing, growth may be slowing as well. when gdp is accelerating, you want to buy one that is doing well in that environment one is gold. i would have long bonds. that is represented by the flattening of the yield curve. we talk about inflation. that will destroy consumption. so, that's going to be a further drag on gdp. i think you will see long bonds become a safe haven investment
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that is another area >> from a risk perspective -- everybody is different in their stage of life and goals and when they he need the money what is the biggest concern and how are you adjusting portfolios are for those tiypes of issues >> we have clients close to retirement the last thing they want is a duplicate of 2000 or 2008 with the big drawdown if you lose 25% of your money, you need 33% to get back to even from a risk management standpoint, there are points in time where you don't try to get too crafty or out smart yourself and get defensive and preserve capital. this is one of those times not only is gdp growth slowing, but the fed is now going to tighten into that environment. that becomes difficult for stocks
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particularly in the sector where you compare 2021 growth to 2020 growth we have covid in 2020. the growth went particularly well when with yyou compare to catastrophic circumstances we are going from great to good which is bad you want to be defensidefensive. that is what my clients are hearing from me. >> ivory johnson with the cautious trade thank you very much. we appreciate it, sir. >> you're very welcome. to ukraine and the fighting now in its 20th day with peace talks expected to resume this morning. that is not stopping the russian offensive continuing to shell major cities as you can see there, including kyiv, the capital, and mariupol and other points in the south as well. all this as ukrainian president volodymyr zelenskyy set to address congressional lawmakers tomorrow nbc's brie jackson is joining us from washington with the latest
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there. >> reporter: good morning, dominic. president biden could travel to europe soon. sources tell nbc news that details are not finalized, but the president would focus on the war in ukraine and reassuring nato allies. from striking an apartment building with sleeping civilians inside, to hitting a ukrainian military base, russian forces continue their relentless attacks. >> certainly appears if the russians are broadening targets. >> reporter: the u.s. is working to get $200 million in supplies to ukraine forces fast officials say the country's resistance so far has frustrated russian president vladimir putin. >> he clearly has more than a message in mind. he has the occupation of ukraine in mind. >> reporter: u.s. leaders are concerned russia is desperate. reaching out for military and economic aid from china. chinese leaders call it disinformation the state department warns
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assisting russia could be costly >> we will not allow any country to compensate russia for its l loss. >> reporter: as ukrainians knee flee to safety, volodymyr zelenskyy will talk to congress. president zelenskyy is expected to again plea for a no-fly zone or fighter jets. >> we will have to go toe-to-toe with russia. russia is the one, let's be clear, they es calating this fight. >> reporter: a presidential visit to europe could follow in the coming weeks lawmakers on capitol hill will attend the virtual speech. there will be a live stream for public viewing dom. >> brie jackson, thank you very much when we come back, torn between powell's policy playbook and stagflationary risks
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what they are expecting from the central bank tomorrow and beyond plus, more on the china tech selloff. why one industry insider says despite the risk-off appetite, it could be a huge longer term opportunity for investors. envery busy hour still ahead wh "worldwide exchange" returns after this commercial break. 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.
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exchange." time for the other top stories, including another member of the gig economy helping workers offset higher fuel costs bertha coombs is here with that and more good morning >> reporter: good morning, dom let's start with honeywell ceo he says the decision to suspend operations in russia following the invasion of ukraine will not be a major headwind. company announcing it would halt all sales, distribution and sales in russia and belarus. the ceo spoke with jim cramer on "mad money" last night about the implications. >> some implications it is the right thing to do. it is a littlie bit north of 1% of shares. our manufacturing presence is small. >> give it to the government >> we'll see what happens. we will monitor the situation. >> as for inn flinflation, honel
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costs have been manageable so far. discourt has eyes of going public this year the social media platform is interviewing about a public listing. discord was valued at $15 billion is popular with gamers and young people the company rejected the $12 billion takeover offer from microsoft last year. grubhub increased pay for drivers as high gas prices impact take home earnings. they raised the per distance per mile pay on march 9th according to an email. the adjustment accounts for the increase of the price of gas in a driver's region. it hasn't said if the pay increase is passed along to customers. uber and lyft offered a surcharge to help drivers.
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this is a story of our time. all these new increase costs starting to raise prices for all of us. >> let's hope that fuel costs go the same way as crude oil. huge drop. bertha coombs, thank you very much see you later on. plans implementing a global minimum tax reform is on the right track. according to france's finance minister speaking ahead of the meeting later on today the plans for the global minimum corporate tax not slowing down one. for more, let's bring in martin shanahan martin, we've always spoken to you about this story during st. patrick's day week welcome back to the show great to have you. let's talk about the irish investment environment o how is it different today versus
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10 to 15 years ago >> ireland is a modern economy we have technology and pharma and financial services we saw the value of that over the past two years because the irish economy continued to grow even in the pandemic we increased the investment coming into ireland the last two years. now as we emerge from covid, due to high vaccination rates in ireland, i think the outlook on that side looks relatively strong there are other things happening and now are likely to have an impact on global flows of investment i think the confidence in ireland will remain given our enterprise policies and stability and predictability >> there has been a portfolio approach ireland has to lure business over there. the narrative over the last
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several years was the tax rates. what changed about that? what is the big incentive right now given the fact that everybody is moving toward a global minimum tax rate story? >> i think ireland hasn't been about tax. we have a very competitive tax rate at 12.5%. under the global agreement, that moves to a minimum of 15%. that is where we will be now that is a competitive tax rate ireland was able to move because this is a global tax agreement and everybody is moving together at the same time there is so much more. the number one discussion i have with investors is about talent that is where ireland scores well we can point to deck an aids of return investment for investors operating in ireland to set up and scale quickly. >> it has been the story of the
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large corporations in my mind covering this for years. it was mainly bio-tech, pharma and technology companies which were the draw. where are you seeing these flows? pharmaceuticals and bio-pharma and technology or are others expressing interest in ireland >> they are the sectors. they have proven strong for ireland. we don't just target large brand names. many of the large companies weren't as large as they were when they came to europe we have a strong flow of companies that are inter internationalizing for the first time once they step outside their home country, ireland is a natural base to do that. there is a lot of movement within the sectors we are looking at products as the next wave of pharma and
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autonomous vehicles and uss sp sustainability there is a lot of movement within the sectors. >> martin shanahan taking us through the foreign direct investment story thank you very much. have a good day. >> thank you still on deck for the show tracking a technical market signal that could mean a recession. a recession is possibly around the corner what one top adviser is telling his clients worried about the drawdown that is coming up after this break. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and trade stocks, crypto and beyond. to the moon? in other words...
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the future you imagine. ♪ ♪ welcome back to "worldwide exchange." today marks equal pay day which symbolizes how much a woman earns to compete with a man for the same period of time. proposed new regulations banning the use of prior salary history and hiring and pay for employees. the executive order directing the regulatory council to consider enhancing pay and equity transparency for federal contractors. this happened at the virtual event. the president willing joined by the former ceos and u.s. soccer
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players. let's get to the check of the top headlines with frances rivera in new york with the latest >> dom, good morning breaking news. the man accused of stabbing two employees at the new york museum is in custody. gary cabana was arrested hours ago. the 60-year-old stabbed two staffers at the museum saturday. both employees are expected to survive. mainland china is facing the worst covid outbreak since the height of the pandemic in 2020 the city of shenzhen is on lockdown non-essential businesses suspended. toyota and volkswagen and apple supplier foxconn halted prod production. snl's pete davidson will be on the next flight for blue
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origin the launch is scheduled for march 23rd dom, all that destruction, i guess you call it, with his current girlfriend and her soon to be ex-husband will die down that is all the tabloid stuff out there right now. >> i can't keep up i just know he is a celebrity and he's in a relationship with a famous person and now going to space. >> that's all we know. >> frances rivera, thank you very much. still to come on the show, two days of peace talks doing little to slow down the russian offensive in ukraine molly hunter is live on the ground in ukraine. molly. >> reporter: i'm in lviv i will have all of the latest on peace talks and overnight attacks in kyiv and the situation in the west of the country when "worldwide exchange" comes back much sense as playing hide-in-seek... ready or not, here i come. ...in the desert.
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under pressure stocking continuing to struggle as the s&p hits a concerning technical level for the first time in two years. the fed in focus for investors as the central bank kicks off the latest policy meeting and lays out the rate hike road map and navigating the economic vchallenges. and talks with russia and ukraine to end the war are expected today this as president biden mulls travel to ueurope to meet with
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allies it is tuesday, march 15th. you are watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i'm dominic chu in for brian sullivan stock futures here through the 5:00 hour. you can see the dow implied lower by 152 points. s&p lower by 20. nasdaq off 38. we are off the worst levels in the pre-market futures trade we have troubling stats heading into the trading day today with more than 12% losses year to date, the s&p is seeing the fourth worst start to the year since inception. with a more than 2% loss yesterday and more likely losses today, the nasdaq composite is now just three days away from its longest correction phase
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since the great financial crisis now let's recap the overnight action in asia as investors continue to punish china stocks and tech sector broadly and specifically hang seng is off 5.765%. hang seng technology is down 8%. 7% declines for hang seng etf. plus we have another dramatic drop for the price of oil. u.s. benchmark crude is 9$97.52 you may recall we hit a near-term high of $130.50. we are now down to $97 in less than two weeks ice brent crude is $100.21 now to the latest on the situation in ukraine delegates from ukraine and
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russia expected to resume peace talks later today after taking a technical pause in the discussions yesterday. those talks coming out as russia continues its bombardment of ukraine carrying out shelling attacks as you see with the photos from the shelling including in the capital city of kyiv amid the continued invasion by moscow, the european union announcing a fourth set of sanctions to punish russia the package targets individuals and entities along with sectors of the russian economy with the exact details yet to be announced. meanwhile, cnbc has learned that president biden and other nato leaders are discussing holding a meeting from brussels next week. nbc news' molly hunter is in lviv in the western part of the country. molly, as we talk about the developments on the ground, is there a sense of optimism of the
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talks that people feel maybe we could see a cease-fire at some point? >> reporter: maybe at some point, dominic the technical words for those reading the tea leaves plmeant that both sides wanted to with the fourth round volodymyr zelenskyy said the previous round went well the previous rounds focused on the humanitarian situation the talks today will focus more on the latest cease-fire attempts in different areas and securing russian troop wit withdraws. according to the russia side, there was suggestion they may be nearing a draft. dominic, this comes as the capital is getting intensified attacks overnight. they hit an apartment building with civilians not a military artarget the mayor of kyiv said there
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will be a two-day curfew starting at 8:00 p.m. and lasting until 7:00 a.m. on march 17th today is the difficult and dangerous moment i ask all citizens of kyiv to prepare to be home or prepare to shelter. there is a lot of activities the next two days. >> molly, we have focus on kyiv because it is the capital city and rightfully so. tell us more about what is happening in mariupol and places to thing south as well >> reporter: that's right. on that black sea belt that russians have been trying to consolidate as we have been talking about. the southeastern city of mariupol has been besieged for more than ten days russians trying to starve out the city we have tracked the convoy in the last 72 hours.
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the information we are getting that it is back on route it is carrying water and medicine and supplies for the people who need it dom, the good news is the convoy of private cars, have gone out over overnight, 150 a large number of civilians getting out. the way the temporary cease-fires are supposed to work is the icrc brokers the talks, and humanitarian aid gets in and si civilians get out. people are waiting in mariupol and they are waiting to pick up women and children and elderly and that has not happened. dom. >> thank you, molly. stay safe. back to the market attention turns to the federal reserve. jay powell and the central bank with the latest two-day policy meeting today with the ex expectation of the unwinding of
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the stimulus letefforts. signs of the economy slowing down and continued record high inflation. the question now appears to be how aggressive the fed will be with all of its unwinding efforts. for more let's bring in priya from td securities priya, the fed has to do what it has to do. are the markets prepared for it? what have they priced in >> the markets pricing in the 25 basis point hike tomorrow, we expect that we priced in almost seven hikes. 25 basis points, so six more after tomorrow, have been priced in then another two next year i would say the market pricing is fairly in terms of the fed hiking cycle the question is is the fed talking about restrictive or
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above 2.5? 2.3? the question i think in the press conference is are they talking about going above that 2.5 2.5? that is not priced in. we are looking at tightening when does that start i think that's another big focus point. really the threshold with inflation. we know a lot of the inflation is not something the fed created or the fed can actually slow down the market will be watching. do they want inflation down to 2% this year next year? i think that tolerance for high inflation is important for risk assets because the market may feel more confident. as long as it is heading in the right direction. that reduces the chance of the policy mistake there is a lot the first hike is not market mover. it is the communication about
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how far do they want to go and how quickly. >> priya, let's talk about the quantitative tightening. is the market fully prepared for that how important is that qe going to be for markets as opposed to the rate hike cycle we are forecasting right now? >> i'm glad you bring that up. i think that's actually the one thing not priced in. i think the market pricing in some probability of qt we don't know the cap or how quickly they want to ramp it up. it was a 12-month ramp last time fed officials say it is a quicker ramp up. we don't know the implementation details and the market has not fully priced it in that's a key reason why i do have focus for the ten year is higher rates once they start that, i think qt has more implications because the fed at this point is not reducing, they will tighten
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policy and lower the balance sheet. banksneed a certain amount of reserves remember fourth quarter of 2018. at some point, balance sheet is a lot more than hike i think as the market starts to price it in and we get more details, that puts pressure, but not so much on the front end of the curve. it is the ten year the economy is sensitive to the ten year as the ten year moves higher, you see the move leading up to today. as that gets closer to 2.5% or 2.76, that effects the economy qt will be more powerful for the fed. that is the one markets will be focused on >> priya misra, i appreciate it. coming up on the show, the selloff in chinese technology stocks continues with one major bank calling the sector uninvestable we dive into if and when the wreck may wrap up. as we head to break, some of
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the other top stories. tesla raising prices on vehicles for the second name a eek. elon musk says they are facing significant inflation pressure. discovery ceo saw a major pay increase last year jumping to more than $246 million. that's according to a securities following. his package includes $203 million in options grants. more than sextupling his compensation from the year prior. and wells fargo ceo pay rose 20% last year as they recovered from the pan decdemic lows. and a group in talks to buy kneel nielsen holdings.
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is coming off the worst single day session ever it wiped out all of the gains, including dividend payments since it started trading nine years ago. that's one trade a lot of investors are watching look at some of the big losses that we are talking about. these are huge alibaba, tencent, jd.com alibaba down 67% jd.com half the value. electric vehicle maker nio is down 31% these are brand names in china and taking deep hits joining me now is the managing partner ben harburg cyrus, let's start with you. we heard the term uninvestable applied to the chinese internet names.
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do you believe that is the appropriate way to characterize the chinese tech stocks right now? >> thank you, dom. i think for the short-term, that is an appropriate term china's market is difficult to invest now the two big short-term factors are sending it down is the shenzhen lockdown because of the zero covid policy. you know, the regulatory crackdown that china had with them being more interested in controlling the tech sector and making it clear to the world and chinese tech sector who is in charge longer term, when is china tech going to come out of this is a more difficult question to answer the conflict changed the parameters in the global economy we operate in 2019, economic greowth was te number one market for share prices in the u.s. and china today, the number one driver is
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geopolitics. if you look at the scorecards, the big thing was ai and cloud computing. today, the number one thing impacting tech is geopolitical and china siding with russia and may get involved in terms of helping russia means the world is bifurcating in two zones. u.s. zone and eurozone the conflict has exacerbated and increased the speed of the separation. >> for better or worse with china putting itself front and center with the geopolitical ones as well ben, we have you now let's bring you into the c conve conversation if you look at china right now, there are times when i thought it can't get any worse it has to show stability it has been months or years are
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at this point since the down trend began. is there any sign you are looking for that maybe be this is a deep enough value where people get back into chinese investing? >> i'm not sure we hit bottom yet. that depends on the outcome from the meetings and posturing that china will make with regard to the position with russia the causes for optimism, i think, is it is tough to be such right now. one, a lot of the businesses, the fundamentals remain sound. china remains the world's largest market many of the companies have cash balances near actual current valuations you saw upbeat economic data pmi or retail sales or fixed investment many companies are significantly under valued historically with the average pe of 9.5.
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what gives me more optimism is a lot of this is under control of the chinese government not blowing in the bwind the chinese government has a lot of bullets to fire to stimulate growth we don't have the same inflation here as in the united states we print more money. we have a higher interest rate the chinese government can choose to side with powers and give stability in the markets. more importantly, for our view, the issue of delisting regulation the chinese government can signal it is starting to have light at the end of the tunnel and be cleararound the listing as well as which companies face regulatory intervention and needs to decide which companies will be delisted and the framework is for data security and audits >> cyrus, ben brings up
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excellent points with regard to what china can do. the question is why didn't china doing it it is focused on technology. it is the future for china and its economy. why is it acting like this and what will prompt them to stop assault on its own technology companies? >> i think china is increasingl becoming more self reliant that is the five-year plan it wants to be self reliant in everything in tech, it means more of a semiconductor supply chain obviously some areas it has to import commodities to do that. i think china considered that, as i said, geopolitics and domestic politics is strong. xi jinping came out strong when the regulatory crackdown started. social cohesion is the number one factor driving decisions
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the regulatory crackdown will continue in particular, the chinese government is interested in having a greater control of data and making sure that data can be used by the chinese government it is interested in directing the decision making of chinese tech companies increasingly, you see chinese government officials sitting on chinese tech companies boards. what that means is over the long term, perhaps china's tech market growth will not be as great as the u.s >> all right thanks very much to you, cyrus and ben for the chinese thoughts we appreciate it we are right back with more on the show market thoughts on day one of the big fed interest rate inetg. we'll be right back after 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.
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you can't buy love. happiness. or confidence. but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. ♪ ♪ staying up half the night searching for savings on your prescriptions? just ask your cvs pharmacist. we search for savings for you. from coupons to lower costs options. plus, earn up to $50 extra bucks rewards each year just for filling at cvs pharmacy. welcome back to "worldwide exchange." futures are showing improvement over the course of the last
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hour dow jones industrial average now implied lower by 98 points s&p lower by 12. nasdaq down 22 points. markets showing signs of struggle with the s&p logging the first death cross in two years. index down 12% so far this year a 4463 close below its descending 200-moving day average or trending of 4467. when it crosses the shorter term below the longer term, it could be a bearish sign and under performance can be a prediction of recession at some point let's dive into this death crosses and charts and relative strength with greg serian greg, do you care? is the death cross something that in your mind is something to pay attention to or is it
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noise at this point? >> good morning, dom thanks for having me back. that is one thing to pay attention to add to it persistent inflation and record high energy prices. a lot of wind in the face of markets. investors need to prepare for the volatility >> so if that's the case, how exactly do you navigate this environment? people talk about whether you should have dry powder ready to deploy or have cash on the sidelines. is now the time to be raising cash or has that time passed and you are sitting there in a holding pattern? >> great question, dom now is the time for investors to assess the equity allocation are they comfortable with the stocks they own and exposure they have? we continue to see investors exposed to what worked well the last few years, but may not work
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as well the next few years it is important in our view to own high quality cash rich dividend paying companies with low debt the bond portfolio, interest rates rising the fed is meeting this week that will pose a challenge to the equity market. investors should focus on high quality corporates and don't forget private investment, dom the lack of the mark-to-mark focus makes private real estate important in portfolios. >> can we go, greg, back to the companies and stocks that you said are low debt, higher cash position, stronger balance sheet. which ones are you look at right now? >> we like energy companies. with we like financial companies. exposure to iwe.
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i think it is important that investors focus on companies that pay good dividends if we're in a muted return environment with appreciation, investors want that mix of dividend income in the portfolio >> all right strong balance sheet low leverage greg sarian, thank you have a good day. that does it for us on "worldwide exchange. check out what is happening with the futures picture. slightly improving dow implied lower 140. it turned a little bit in the last couple seconds. s&p down 19 points nasdaq doing better than it has been over the last couple weeks. implied lower by 46. check wout what is happening. the asian markets closed mix you see the hang seng and hong kong closed down 6%. shanghai down 5% nikkei in japan was positive
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energy markets a close eye on benchmark crude below $97 a barrel. keep it right here "squawk box" picks it up next. we'll see you tomorrow nspire co, and some you grow to rely on. these are the bonds worth investing in. for over 50 years, pimco has reinvented fixed income to create opportunities for investors in every market environment. so, no matter what happens you can build the bonds that mean the most to you. pimco, a global leader in active fixed income. when it comes to cybersecurity, the biggest threats don't always strike the biggest targets. so help safeguard your small business with comcast business securityedge™. it's advanced security that continuously scans for threats and helps protect every connected device.
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good morning futures pulling back after tech stocks eventually tumble during yesterday's session. we will show you what's moving right now. another brutal overnight session for chinese tech stocks plunging again this time amid covid lockdowns and delisting fears. we take you live to beijing. the latest from ukraine as peace negotiations are set to resume it's tuesday, march 15th, yes,
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it's the ides of march, 2022 "squawk box" begins right now. good morning welcome to "squawk box." we are live from the nasdaq market site in times square. i'm rebecca quick along with joe kernen andrew is out today. the u.s. equity futures. this is something to behold every morning. you will see weakness this morning with the dow futures indicated down 125 points. s&p is off 16. the nasdaq is down by 32 of course, this comes after the mixed session yesterday. dow was up by one point. you did see the s&p down .75%. and nasdaq with outside lossesmp
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