it is 5:00 a.m. at cnbc global headquarters. and here's your five at 5. not just here at home, in china and hong kong, also surging. they reassure investors more than $3 billion was wiped off the books in a matter of days. in ukraine, volodymyr

zelenskyy striking a tone on peace talks at today's congressional address, this as president biden is set to travel to europe next week. plus russia stands on the brink of default as moscow faces a repayment deadline without access to the u.s. dollar, potentially triggering its first sovereign debt default since the currency crisis back in 2019. and more than one-week suspensions for nickel they'll give the nickel traders the green light once again to resume that action it's wednesday, march 156th. you're watching "worldwide exchange." ♪ good morning i'm dominic chu in for brian sullivan futures looking for some more gains right now at this point. the dow has climbed higher by roughly 280 points

the s&p by 45, and the nasdaq by a whopping 218 this is coming after a nearly 600-point gain for the dow just yesterday, as you see there picking up steam throughout the course of the day. the wind streak is now two days, the s&p, the nasdaq, the russell 2000 cap indices all coming off their first winning session in four days. the move's higher in equities coming on the heels on a continued drop in oil prices you can see here, oil up modestly 1.5%, $98 per barrel, but it's down despite some gains we're seeing right now. keeping a close eye on treasuries, trading at its highest levels since 2019. you see the benchmark a hair below 2.17% at this point. the two-year, 1.6% on the treasury trade, all of this as the fed prepares to wrap up its fed policy meeting at 2:00 p.m.

today with an all but certain basis point, one quarter percentage hike, its first in four years. oversees a relief rally in asia with hong kong and hang seng surging you can see they're more than 9% the best day for that index since 2008 you've got names like 10 tencent,ally baba, from 23 to 36% in a single day. by the way for alibaba, the biggest gain on a single-day record we have much more coming up. we have green arrows across europe as you can see. pretty much solid green across the board. up by 2.5% the ftse up one quarter percent. our rosanna lockwood with more

good morning. >> good morning, dom the dac, the cac, the ftse up. some really broad-based recovery including the heavily exposed china sectors. of course, everyone here in europe awaiting that fed decision as well but let's get to the lme story as you mentioned it's fascinated. it began trade already an hour ago in london after being closed for six days they imposed a 5% upper limit up or down. however, we did see issues with that in the last 15 minutes, the lme has once again held a trade in the contract they say, quote, while they investigate technical issues with it down, we'll have to see what happens there they imposed 15% restrictions on

other metals that's the first time in its history it's placed restrictions >> we are absolutely mindful of the impact this has had on so many people, and we need to make sure that it doesn't happen ag again. i think the most important aspect is the one you mention, the huge otc positions on the exchange market. >> now, on the otc positions, chamberlain is saying they tried before to involve the market and received pushback. he wants to see a change the enormous chinese metal giants are saying they could come out of this quite well. but certainly a great reckoning.

>> so much attention being paid to the metals market rosanna lockwood in london thank you very much. to the latest on ukraine with fighting continuing and russia continuing to attack on kyiv despite the shelling, president volodymyr zelenskyy was able to meet in person with three european allies in kyiv overnight in what was the most high-profile capital since russia invaded the country back on february 24th following that meeting, more peace talks are scheduled for today. zelenskyy sent an optimistic tone also today zelenskyy is set to address both chambers of the u.s. congress at 9:00 a.m. eastern time just as president biden is set to announce another $1 billion worth of military aid to that region nbc's brie jackson is in

washington, d.c., with more on what we can expect good morning, brie. >> good morning, dominic well, president zelenskyy is expected again to plead for a no-fly zone and military jets, something the biden administration has so far rejected, saying that that could lead to world war iii. at least one person died after a series of russian air strikes destroyed this apartment building in kyiv, a sad reminder of the growing number of civilian casualties. among those killed since the war started, an american journalist and two members of the fox news crew ukraine's president volodymyr zelenskyy describing the destruction and heartbreak to canadian lawmakers, again, receiving a standing ovation >> please stock the bombing. how many more missiles have to fall on our cities

>> reporter: he's expected to repeat that call during his virtual address to congress today. >> it's something we ought to be doing. >> the administration has been pretty unequivocal to saying no to a no-fly zone, but there are plenty of tools we can give ukraine. >> reporter: the biden administration is considering providing ukraine with killer drones, equipped with missiles that could target tanks and military equipment miles away. biden has already signed $13 billion in military aid. >> we're going to ramp up our response and alleviate the suffering that putin is causing. >> reporter: as the crisis has worse ended, nearly 3 million ukrainians have fled their homeland. >> i'm fleeing for the safety of my children, she tells us. >> reporter: president biden will travel to brussels for a nato meeting next week, world leaders you knightsing over the

russian aggression president biden will deliver remarks where he's expected to deliver aid to ukraine. >> thanks very much for the update. back to the markets, the big fed policy decision later on today. let's bring in ryan payne, president of payne capital management ryan, this is a very big deal. it will be the first interest rate hike we've seen in four years. it's a foregone conclusion markets seem to be okay with what's happening right now does it give you more optimism about the path ahead coming in the coming weeks >> i think it definitely does. look, we've been seeing a price correction now since january we've seen a lot of volatility in the markets even this conflict in ukraine, the s&p 500 is down 1% or 2% since that actually happened i think it exacerbating the move we've seen in the stockmarket, but the reality is we've seen a price adjustment for really over

two months on what the fed's going to do. so i think today is a nonevent with regard to the fed's going to raise interest rates, we know that the question is how aggressive is the fed going to be are they going to be extremely hawkish here how many more rate heighhikes ae going to see i think we're going to see questions around that. i think they'll be more moderately hawkish as opposed to aggressively hawkish that's good news we've seen the price built in for a couple of months more importantly, what's going to happen to retail sales? what's the consumer retail going to look like it basically drives everything. >> do we feel the consumer is in a strong enough spot where it can continue power the u.s. and arguably the global economy, and if so, why wouldn't you be going into some of those retail-type stocks that have been sold off over the course of the last three or four weeks at this

point? >> you're speaking my language here, dominic. absolutely this is where the economists always get it wrong. they always discount the american consumer. you hear about the oil prices going higher, commodities are higher, americans are going to dial back on their spending. it's like gravity. you can never, never discount the american spender i think right now if you look at the american household, it's in great shape. where we have $150 trillion net worth in households, you've got wages going up, jobs are abundant right now, and, you know, you're really getting to a point where the pandemic is endemic, and there's a huge appetite for people to go out, travel, you know, leisure, think about -- you just mentioned retail, going out and buying things all of that is going to be very, very positive. it's probably a verying very good bet because i believe as the weather gets warmer in the northern hemisphere, you're going to see a lot of consumer demand for everything,

especially anything outdoors, service-related. that's essentially what's going to drive the economy here, and that's why i'm extremely bullish on the market and optimistic on the economy growth this year. >> ryan payne, thank you very much. when we come back, former atlanta fed president dennis lockhart on the policy decision and jay powell's policy playbook for 2022 and beyond. plus, much more on the relief rally, extreme, in chinese tech stocks overnight. a live report from beijing coming up ahead. but first, trading the technicals in oil. why our next guest says the recent selloff could be short-lived. a very busy hour still ahead when "worldwide exchange" "worldwide exchange" returns after this each day looks different than the last. but whatever work becomes, the world works with servicenow.

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welcome back to "worldwide exchange." what we have is live they're meeting with fellow ministers on the invasion of ukraine by russia. we will continue to monitor some of those comments and bring you some headlines as we see them develop here city, that's happening right now. we'll keep an eye on those particular talks over at nato. stocks in asia are on a tear overnight with hong kong's hsi

gaining there. 10% gains plus for some of the big e tfs over in china that track those markets there. beaten up names like alibaba, jd.com, meituan, higher in the session. same story for tencent our own eunice yoon joins us from beijing with the latest eunice, what is behind all the buying what is the optimism in one day? >> reporter: there are a lot of startups in the tech community and investors were heartened by comments by the vice premier who's managed a trade relationship with the united states he chaired a special financial policy meeting today, and in it he addressed a whole host of issues that had been weighing on the minds of investors, specifically for the financial

markets. he vowed support for the financial markets saying china would actively introduce favorable market policies. he also repeated that china backs overseas ipos and that they had made positive progress, he said, with u.s. on audits in terms of the technology companies, he said rectification of internet firms would be completed as soon as possible and he talked about red lights and green lights by that he means china would make sure to roll out policies to, you know, target certain companies if they felt it was necessary, but not in a way that would harm the overall online economy. in terms of the economy itself, he said that china was going to roll out more policies to, quote, invigorate the economy in the first quarter and also to introduce a new development model for the property sector. what's interesting here is that so many of these issues were in the same statement, and so a lot

of investors were reading this to mean that china was concerned about the selloff that it was seeing among all of these tech shares as well as other stocks and that they wanted to send a message to investors that stability is a priority here among the chinese leadership >> it's understandable this is the world's second biggest economy we're talking about, and it's been sliding, sliding, sliding for months now. do you feel it was the jae owe political issues regarding russia and ukraine and the uncertainty there that really prompted the bureau, the chinese communist party to come out and say, you know what we need to stem the bleeding right now and say this is going to be under control by the time everything is said and done? >>. >> difficult to say, but what was interesting is in the

statement they did not mention geo politics at all. nothing, of coursing on russia and ukraine, but obviously that's something that has been weighing on the minds of investors here, and the government would understand that at this point, there is a potential reputational damage to beijing. they're dealing with a whole lot of concern on the geopolitical front, and so -- and as you had mentioned on the economic front. so just putting out some messages there, i think, were important for the leadership to make sure investors -- that the trouble that they're seeing in the stockmarkets here didn't really get ahead of themselves. >> all right we'll see if it has any kind of momentum staying power there eunice yoon with the latest in beijing. thank you very much. still on deck for the show here, decision-making day for jay powell with a 25-point basis int. former fed chpresident dennis

lockhart will weigh in after this

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welcome back to "worldwide exchange." check out the oil prices this morning. wti crude rising right now by just about 2%, $98.40 wti is down now more than 30 bucks a barrel, and brent crude futures, nearly $40 on the downside, down for first time

since february 25th. but your next guest says that oil ultimately is going to go back to new highs. mark newton is global head of technical strategy at fund strike global investors. when we talk about oil prices had fallen so precipitously, why is it you feel we could make a run back toward some of those all-time highs >> dom, good morning interestingly enough, even though we've fallen, we really have not done all that much technical damage when you look at long-term charts, keep in mind crude prices did more than double in the last three months. it's really a new era of vol tirt, but technical trends still very much intact, momentum still very positive. yes, a little bit of console dagg, but tough to make too much

of this decline. i'm betting on oil prices moving back to new highs, and, of course, fundstrat zone, we're big bulls at fundstrat. >> we've kind of put this trend line in place as you see here, the orange one as you take a look at the highs as you see here, is there a reason why you feel that's going to be strong support at that trend line that we're showing here >> well, look, dom, it's held literally for the last couple of months so normally the first major pullback you'd see typically will offer very good support you know, my thinking is it's a little bit short-term oversold obviously not that overall overdone it's right to take a stand on this first major pullback and think we're going to rally up to likely 110, 115, and it might be choppy ultimately i'm expecting to see

crude prices move back up over recent highs and get to 150 at a minimum. >> not good news for the consumer there mark, let's tilt our attention to that macroproduction. big fed meeting today. there's been an expectation the fed will raise rates and for that reason some of the etf bonds have been trending low over the course of the last several months here. take a look at what's going to happen with that treasury complex, treasury trade if you will >> yields have moved up a little too far, too quickly, if you will if you look, we're back down toward prior lows. this makes a lot of sense for portfolio managers to add to that as they've moved up 2% on the ten-year treasury up 2.3.

this, of course, is the 20-year treasury bond etf tlt this is a way for investors to alleviate some of the equitable volatility prices have pulled back near former lows. i think that overhead for yields is going to prove minimal and it's going to be right to consider buying dips on the recent pullback. >> interesting, mark i hear a lot more chatter that 2.2% ten-year yields is attractive we'll see what happens mark newton of fundstrat thank you, sir. >> thank you. ahead, russistdsa an to default ahead of the deadline. our leslie picker has those details coming up next

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decision day for the fed with expectations for a first interest rate hike in nearly four years former atlanta fed president dennis lockhart lays out the bank strategy in unwinding the massive stimulus program. president zelenskyy set to address congress in just hours, likely turning to president biden for more hope. we're live in ukraine there. and moscow faces a payment deadline with global sanction creating hurdles on getting money to its creditors

it's wednesday, march 16th, 2022 you're watching "worldwide exchange" right here on cnbc welcome back to the show i'm dominic chu in for brian sullivan on wednesday morning. here's how stock futures are looking halfway through the 5:00 a.m. eastern time hour it's going to be another positive day, at least to start off. the dow jones is implied higher by 311 points. the s&p up by about 50, and the nasdaq implied higher by about 240-some points. real outperformance in the tech-heavier index this is happening after the big tech gains yesterday oil prices are on the rise after a precipitous drop in the recent highs we've seen right now the u.s. benchmark, up about 2%

world benchmark, 100 the international energy agency said barrels may not find their way to the market next month the iea is projecting lower russian domestic demand as well for oil products. back to our top story and tech stocks like alibaba, tencent, jd.com, among others bouncing back in a major way you can see here alibaba closed up 20% 36% gains for jd.com trading so big moves there much more mooted action. some are seeing real unusual "options action" on the heels of this morning's news. let's bring in jon najarian,

co-founder and cnbc contributor. i have to say whenever you see ridiculous moves, the options market has to start taking notice what kind of activity have you seen are people jumping in to buy the dip? >> definitely, dom in fact, yesterday in kweb which is an etf that attracts a lot of the stocks you mentioned, tencent, alibaba, they traded 23,000 like ta very, very quickly at the april 25th call strike and that was when it was trading at near the lows of the day at about 23. we, of course, made up that by the end of the day, and in the premarket you said these are screaming higher kweb in particular up better than 27% in the premarket. we shot you a picture of that

activity they were buying these calls very aggressively throughout the day. they weren't the only ones, dom. alibaba also very aggressive and baidu also, very big volume. >> is this the kind of volume? is this the kind of trading action you would see that might suggest there's a sustained move higher, or is this something where you feel as though it's a very short-term bet and because of the moves we're already seeing in the last couple of days that these bets could be closed out relatively quickly, just as quickly as they got put on >> well, as you know, we love to look at the time frame what were they buying? were they buying options that expire this week they could have. they wrj they were buying them further out, dom so when they're buying them out in april, that's a full month out, it might not seem like a lot of time to some of your investors, but for some of us, that's forever a month out into the future is they're predicting prices

continue to rise what i would like to see next, dom, i'd like to see them roll up to a higher strike. they were buying at 25, being 28 earlier. you'd like to see that extend further out into the future. we'll have to see if that plays out that way today. >> you know, jon, we're showing you a chart right now and viewers on channel 112 it's $26.65 right now. so we've already kind of blown past that 25 strike level. you'd like to see the rollup in the 26, 28th if you will are there specific names that you feel are better positioned for this rebound these are all brand names, in t the ones listed. which ones catch your attention to where the most potential

upside could be? >> sure. i would say it would be baba on an individual basis just because, you know, they really are rather the amazon of china i'd say baba and baidu in that particular market. you were talking about crude oil and how it came down $40 from the high we put in we us looking at the volatility of crude oil, which is ovx that basically peaked at exactly the same day, march 7th. so we've come down dramatically in volatility for crude oil. i think that's probably showing you as much as anything that maybe the selloff that was a little overdone, i got out of all my other equities. now u do call futures.

i really like the idea that we stabilize here and go higher i don't like it in terms of what i'm going to pay at the pump, dom, but i like it in terms of the feeding frenzy that carried us to 130 as you said has eased substantially and now we get back to basically supply and demand. >> it was interesting on that discussion point we don't like it as consumers here, but maybe one way to hedge that is to be long oil and then hedge it out jonna jair jan, thank you very much we'll see you later on today. to the latest in ukraine that country's president is set to deliver a virtual address to congress later this morning on the state of ussia's invasion and make a plea for additional help volodymyr zelenskyy is expected to reiterate his calls for a no nevada fly zone, putting him at odds with president biden who has rejected those ideas biden is expected to announce more than $1 billion in new military aid to the ukraine

government as early as today meanwhile extendly says the peace talks that are set to resume with russia today are beginning to sound, quote/unquote, more realistic. molly, what can you tell us about the latest developments there? >> reporter: dominic, that's right. more realistic is the line everyone is running with at the moment just a half ago before we heard from the prime minister. he suggested that the sides during these peace talks were closer to a draft agreement. he said that the neutral status for kyiv was under serious consideration. he said these peace talks are the third day of the fourth round. as far as ukraine is concerned, their number one priority is cease-fire we're looking at the capital of keerch where again civilians

were hit by russian air strikes for the last few nights. russian troops on the outskirts have stalled on the ground air strikes have intensified on apartment building and metro station. because you've got 12 suburbs outside of kyiv, they've had large corridors. because of the curfew in the capital, people can't move from those suburbs into kyiv, so those civilians are completely cut off. we're also focused on mariupol we heard over 4,000 cars were able to escape that besieged city in the south of the country. that's good news according to president zelenskyy. still waiting, though. a hundred tons of humanitarian aid to into that.

russia is due to pay interest but global sanctions have raised questions whether moscow will actually be able to physically do so, setting up what could be its first sovereign debt default in more than 100 years leslie picker joins us with more on that. could this be different, worse, better than what happened with the russian debt crisis? >> it's a great kwechlt domg i'm assuming you can go back to 1998 and the downfall. in this instance people are not as concerned the u.s. treasury said it's not as concerned about the actually spillover. if russia misses its payment, it will be the country's first

default since they took over a default would not be about affordable but sanctions which would preclude russia's access to pay in dollars. the coupons were issued in dollars and the contract stipulates the interest must be paid in u.s. currency. so even though the russian finance minister said it would be fair, quote, unquote, to pay in rubles. as a result. most managers that hold this debt have deeply slashed the value of the bonds for the latest delivery, i spoke with robert cone is berger, the chief financial officers for grammarcy funds. he has been avoiding russia

since months before the invasion because sanctions. it's created pressure. >> i've seen this interscholastic supply holders have been told to stop holding it it should mean lower prices. top down, what is russia going to look like, quote, the day after. >> reporter: they'll get a 30-day depress period. >> so, leslie, it's an interesting story because when it comes to sovereign debt, default, and what not, there are so many different kinds of definitions and conditions that have to be met, technically speaking, what's not

bond insurance in a government like return that has been going on is there a sense that many of these institutional investors would see some type of payout given those default prices going up in value? >> yeah, there is that sense there was a note out by jpmorgan earlier this week. like you mentioned, it's not country defaults and you get an insurance playout. the whole note looked at it if russia tries to pay in ruble, would they be considered a default. jp says they could beny facility >> leslie picker with the latest on the russian debt crisis thank you very much.

coming up on the show, former atlanta fed president dennis lockhart will be joining us "worldwide exchange" is back tethis - i'm norm. - i'm szasz. [norm] and we live in columbia, missouri. we do consulting, but we also write. [szasz] we take care of ourselves constantly; it's important. we walk three to five times a week, a couple miles at a time. - we've both been taking prevagen for a little more than 11 years now. after about 30 days of taking it,

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welcome back to "worldwide exchange." the fed is getting ready for its meeting and the first hike since 2018

jay powell is expected to raise the interest rate by a quarter of a percentage point, the first step for more on what to expect let's bring in dennis lockhart, former atlanta fed president. good morning let's talk about the fore gone conclusion they're going to raise rates because they have, to right? >> it's time the inflation pressures are simply too great for the fed to stay on the sidelines. it's time to get going with removing all of this support and accommodation. i think it's a virtual certainty we will see lift off this afternoon. >> it's a live meeting, a lot of anticipation there it's pretty much been set already. fed chair jay powell said it in congressional testimony. it's not very usual for the fed chair to announce policy before congress, but he did my question for you, dennis, if you were still back at the fed, what does the fed rate

trajectory look like if it's going to be 25 today >> my case on that question, dominic, is in all likelihood they will continue with a pace of 25 basis points for each future the uncertainty we're dealing with in the world, they're likely to be a little cautious in signaling that because you simply don't know what kind of world you're going to be in by may 4th, which is the next date in which a policy decision could be made. so they may not really give us a good indication, but i believe 25 basis points per meeting for the next few meetings. >> in your experience, dennis, how long does it take for the american public, for main street to start to feel some of the effects from a tightening policy

when it starts, say, today >> big question, big theoretical question the mantra is the monetary policy has its effect with a long lag that has estimated to be sometimes as much as 18 months i'm of the belief that that probably remains true, but there are short-term effects where there are adjustments and interest rates that people actually feel. market estimates get affected short term it's a hard question to answer with assurance, but i think there will be some of immediate effects and certainly psychologically there will be. >> one thing folks are talking a

lot more about these days is what the fed will do with the balance sheet, this quantitative tightening, perhaps. our guest yesterday feels the market is prepared for interest rate hikes but it's not yet prepared for quantitative tightening or a real redux on the balance sheet. take us through what you think that could look like. >> well, first i think they will be discussing that question at today's meeting, and maybe they'll be able to come up with a plan at some time. it's been under squugs it seems to me they're getting close to having the details locked in. i think they'll be very careful particularly under these circumstances where there's some, you know, concern about financial stability because of the world situation.

i think they'll be very careful to explain it in advance and for the markets to become prepared the concerns your interview yee expressed may not be a concern by the time they actually start to implement because the markets will be well prepared. my guess is midyear, meaning conceivably start in june or july that is following on their guidance, if you will, in earlier comments by chairman powell -- >> sure. >> -- that it will be soon after lift-off that they'll implement the quantitative tightening. >> it's going to be a huge focus. dennis lockhart, thank you very much "worldwide exchange" is back after this break

what does the future of strength look like? it's dynamic weight that adjusts for you in real time for a more efficient workout. and you can only experience it... (sigh) on tonal. ♪♪ welcome back to "worldwide

exchange." u.s. stocks pointing toward a gain at the opening bell a lot of investors including what's happening with the federal reserve meeting. check out what's going on with the opening bell check out what's going on with the futures. that all important fed decision due out at 2:00 p.m. ukrainian president volodymyr zelenskyy's address to congress later on this morning at 9:00 a.m., that historic rebound on chinese tech stocks, all of those things in focus right now. joining me now is carrie firestone, also a cnbc contributor. carrie, with everything that's going on, what's top of mind for you on the markets now >> hi, dom, and thanks for having me. the market has corrected we're down 12% from the highs. nasdaq is down 21% one of the biggest corrections since the great financial crisis, so we have to assess whether the market has

discounted when it comes to inflation, the war, and if it's time to start trading stocks we have decided it is. the mark has evaluated what's coming that's the reason stocks have fallen 17 times to next year's earnings, and there are many opportunities with stocks that have fallen 15% or more. there's 150 names. there are stocks on the nasdaq down 45% from their 12-month high and that's just a lot of companies to choose from and if you're careful and you evaluate what you're buying and you have a balanced portfolio, we think this is the time to make some investments in the market. >> what tips are you offering?

of the names, what goes at the top of the list? >> again, there's a mix. there are some that have fallen even more than that, 70% plus. paypal and twilio, tech names. pay pail went a multiple of 50 times before the pandemic to about 18 times now and then we bought fidelity international. all of the payments have come down that's selling at 12 times charter financial, blackstone, that's a great diversified financial in real estate, and funds, private equity, and because of its exposury in europe, that stock's been hit. american express we like o'reilly auto parts, that's a different name, but there's still a shortage of cars new and used, and people are driving, and we expect oil prices will start to come down

gas names are coming down on names like waste connection and even united health care is an attractive name here they are names not way on the spectrum of high growth precipitously, but if you're interested, you have more of an appetite for risk, i would nibble at shopify, draftkings, zoom, docusign those are all stocks down 50%. >> even netflix is down. so brand names to your point, kari, before we let you go, would you invest in big techs like microsofts and amazons of the world is that a good trade t >> that's a good question. microsoft and apple have held up extremely well they have not come down as much. i think both of them are considered bond surrogates or

they're money market funds to people they sold high-risk stocks and put the money into apple and microsoft and google to some extent i think amazon which underperformed last year, was flat on the market, up 29% i think amazon is more attractive here. >> all right kari firestone with a shopping list we always love them. thank you. we'll see you later on that does it forus on "worldwide exchange." "squawk box" is coming up next if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet,

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morning, oil prices are holding steady, below $100 per barrel. we'll show you what let's moving right now. rebound, tech stocks in china after they receive support

from the government. [ indiscernible and then later this morning, ukraine's president set to speak in a televised address with a joint session of congress. we'll get you ready for this historic event it's wednesday, march 16th, 2022 and "squawk box" begins right now. ♪ good morning welcome to "squawk box" right here on cnbc we are live from the nasdaq market site in times square. i'm beck request quick along with joe kernen. andrew is out today. let's take a look at the u.s. equity futures because yesterday we did see some pretty strong moves to the upside. that's continuing up this morning. dow futures up by 277 points s&p by 44, and the nasdaq up by 220. this comes after the dow gained