it is 5:00 a.m. at cnbc. here is your top five at 5:00. upping the ante. strong words from jay powell that is boosting the odds of a bigger rate hike. and the faa and china regulators are looking into wha caused the plane to dive in minutes. and volodymyr zelenskyy with an olive branch for moscow in hopes of ending putin's war. and a walk-out by disney

employees over the don't say education bill. and your stock of the morning. nike overcoming the clogged supply chains and inflation worries. investors hoping others can be like mike. it is tuesday, march 22nd. this is "worldwide exchange. good morning, good afternoon or good evening. welcome from wherever in the world you may be watching. i'm brian sullivan thank you for joining us let's jump off here on tuesday morning with the markets they are mildly higher across the board. stock futures are up for the three indexes. not a lot. 148 on the dow nasdaq and zs&p higher as well the dow snapping a five-day win streak on monday trying to figure out what the federal reserve is going to do you have comments every day from

jay powell or another fed official on how aggressive they are on inflation a lot of people have questions some deciding to sit the whole thing out. as we watch the fed, we are watching the bond market two-year and five-year and ten-year highest since may of 2000 this morning. look at the two-year and ten-year this morning. why do we care about inverted yield? that is considered a fairly good prediction of the oncoming recession. not tomorrow there was a nearly 1% spread between the yield and the two-year and the ten-year. that has come down it is 20 basis points. 1/5 of 1%. the two-year and the ten-year spread we will talk about that in the days ahead crude oil is more important

than the fed it seems if oil goes up, stock goes down. look at it today the price of oil, on paper, down a little bit this is the expiration of one month here the april contract now we're seeing it move down. oil and stock futures are up when i say down in oil, we are still above $110 per barrel. we are down from the close, but we are still higher than we were a couple days ago, which i'm sorry to say, gas prices, which fell a bit in the last couple days, could begin to tick up again. your stock of the morning has to be nike. shares are higher. results are topping estimates thanks to strong north american sales. there are uncertainties over inflation and supply chain nike is holding off on the full-year outlook because of the

concerns nike down from the high of a couple of months ago still on the rise by 6%. let's see what is happening in the european markets and get the top stories. let's go to rosanna lockwood in the london newsroom. rosanna. >> good morning, brian let's start on the other side of the world in asia. the united theme of energy and financials this is what we inherited in europe n nikkei 225 closed higher. hang seng closed 3.5% higher alibaba has a lot to do with that look at the air 600 of the exposed in australia let's see what happened in hong kong overnight tech index closing higher. under 5.5% alibaba raising its share buyback to $25 billion largest repurchase plan.

that raised alibaba up in hong kong trading let's look at the europe markets. that is what i promised. energy and financials raised here ftse 100 is energy exporting with over .50% this morning. dax doing better after a weak session yesterday. the cac is .75% in france. brian. >> thank you, rosanna lockwood. to the tragic story around the crash of the boeing 737-800 jet liner china. officials looking through the wreckage reports say drones and a manual search are being used to find the black box. nearly seven year old jet crashed in the guangxi region. it was big enough to be seen on

the satellite. it was flying at 29,000 feet and entered a steep and fast dive. the plane plunged to 7,400 feet before regaining altitude before diving again it stopped transmitting 96 seconds after beginning to dive. boeing shares ended the day down 3.5% now to the fighting in ukraine in the 27th day. ukrainian president volodymyr zelenskyy says he is prepared to discuss a commitment that ukraine will not seek nato membership that in exchange for a russia cease-fire and total withdrawal of russian troops and guarantee from moscow and guaranteed security zelenskyy repeated his call for direct talks with russian president vladimir putin adding he is ready to discuss

the status of crimea and the eastern donbas region held by russian-backed separatists we will have a live report coming up in 30 minutes on "worldwide exchange. let's get to the top corporate storistories. silvana is here with that. >> good morning, brian tesla will hand over the keys to the first model y crossover built at the $5.5 billion german gigafactory. this is the first european production and biggest investment in the german car industry olof scholz will be attending the ceremony today along with ceo elon musk. and a report from okta over a digital breach after the internal systems were on telegram okta has more than 15,000

customers, including companies, universities and government agenciies and will provide updates on the investigation as soon as they become available. the discovery of the hack comes hours after the biden administration warned russia is exploring options for cyber attacks on u.s. companies. and disney is preparing for a planned employee walkout today over the handling of the lgbtq plus issues over the florida don't say gay legislation. the ceo bob chapek announced he is forming a task force and disney recently signed a human rights campaign opposing the texas policy to criminalize parents for transgender minors brian. >> thank you very much. let's get back to the markets and a more aggressive fed when it comes to interest

rate hikes chairman jay powell saying the central bank is prepared to raise rates by .50%. 50 basis points to combat inflation. less than a week after ending the easy fed policy announcement and goldman sachs saying it expe expects the fed to make the announcement at may and june meetings raising it by 1% in two meetings let's bring in phil palumbo from palumbo wealth management. phil, i have no idea how the economy will turn out. i usually have some thought or prediction or quip. i have no idea what the fed will do with the balance sheet? >> when you put it together, brian, the fed has been behind

the curve. in 2021, he was talking about inflation transitory and in december changing the tone and becoming hawkish and now hiking rates 50 basis points if he needs or maybe more than once in 2022 complete turn around he knows he is behind the curve. he has to push to get it under control. before the war, we had an oil problem and inflation problem and a supply problem all of that is exacerbated and lockdowns in china which means supply chains are an issue when you put that together, i cannot imagine any other scenario but recession >> that is how i described it. infl inflation. i know politics want to blame putin. inflation was smoldering before that this is a conflagration. this is a bizarre vortex, phil

help me out. if you think and others think we will potentially go into recession at the end of next year or early 2023, whenever it is, wouldn't that mean the fed has to either stop raising or stop easing which then could provide that fuel to a new stock market rally you see where i'm going in the endless loop of fed? >> absolutely. the fed put is the fed saying i'm not raising rates. the raising rates six times in 2022 and predicted in 2023, they barely get to four because of the volatility i think liquidity will try up and the fixed income and credit markets. i don't think the fed gets to 4 or 5 rate hikes in 2022. >> yeah. you wonder if they keep raising rates.

has the bond market priced that fully in, phil has the quote damage -- higher rates are not always bad for equities we know that from '94. has the market moved from that already priced in? that is the $1 trillion plus question >> i agree i think the shorthand is priced in i think we are close to peak in the ten-year i think from here, we move lower in terms of yields overall i think the bond market priced in what the fed will do. as you know, the yield curve is flat inverts on three and five and seven and ten. we have inversion going on already. i do think a lot of this is priced in already. more to come >> quickly, do we buy gold, oil stocks and utilities and let it ride >> brian, from being on your show in the past, if you do into recession, the long end will

come down. long duration treasury at the end of the 2022. you are a buyer of gold here you are a buyer on the dips in commodity. if we go into recession and it will be struck and commodities and oil will sell off. be careful on the commodity side. >> oil right now is not selling off. under $110 a barrel. phil palumbo, calling for recession. thank you very much. we have a lot to do on this busy tuesday alibaba looking to reassure wary investors over propping up the stock in the chinese tech sector eunice yoon is here with details. no outlook no problem not with recommending shares of nike later on, the morning rbi and what is ahead for the u.s. housing market just how about or bad might it get? a new report from boa with the

answers. it is random but interesting stick around after years on the battlefield and multiple concussions, migraine attacks followed me home. i wasn't there for my family and i was barely functioning. until nurtec odt changed all that. nurtec is the only medication that can treat & prevent my migraines. don't take if allergic to nurtec. the most common side effects were nausea, stomach pain, and indigestion. now, i run a non-profit for other green berets. when i feel like myself, i can do so much more. what will you do? ask your doctor about nurtec today.

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welcome back shares of alibaba are surging right now. on news it is boosting buyback program by $10 billion that move set to reassure very nervous investors after alibaba and other tech stocks have been pummeled in the last couple

weeks. higher across the board in overnight trading. that is impacting stocks and etfs here in america like k-web. the china etf. let's talk about the move with eunice yoon who is joining us from china eunice, what is alibaba doing? >> reporter: brian, alibaba is unveiling a $25 billion repurchase program this program is the company's largest. it is going to go into effect immediately. it lasts for two years until march 2024 the second time that alibaba has expanded its buyback program the last time was $5 million and that was last august alibaba's deputy cfo says the upsized buyback scheme is meant to reflect confidence in the long-term growth this comes as alibaba and other tech majors in china contending with a host of regulatory issues

and scrutiny and concerns of the slowing economy and impact on the bottom line. analysts say the buyback scheme is a good move for alibaba because the fact that the government measures have been narrowing from the perspective and the ability to make new investment beijing is looking to boost confidence in the stock market today, the front page of the official securities daily featured an article that reiterated beijing's pledge to bring stability to the capital markets. beijing would be proactive to support stable development and correct policies that hurt market expect taations and stab foreign trade and stable foreign investment is the only way it said to achieve high quality

growth brian, this comes as the vice premier said china wants to prio prioritize stability in the markets. again, reiterating the same point from the premier >> should we look at the chinese government which has the back of certain investors? they almost seemed like they were actively against them and hurting the stock. is this now a shift? >> reporter: yeah. that's what it looks like. that china, or the chinese government has grown concerned about the level of negative sentiment in the stock markets that the falls they were seeing were a little too much for them to stomach that's the way it is read here the government always at the end of the day will have the back of the investors in some way because they don't want to see the instability leading to

instability on the streets there is a bit of a floor here we had seen that over the years where the government stomaching the fluctuations and putting in place the regulatory scrutiny to rein in the private sector now it looks they are thinking eh, maybe that was too much. we want to make sure these policies are what they describe as red-light green-light encourage growth, but need to be reined in. >> invest ors are looking for a red-light green-light. a few months ago from the highs. eunice yoon always giving us the green light. eunice, thank you. see you soon. just ahead it is one of the most high profile russian assets inside

america. a $50 million mansion in aspen we will look at the 14,000 square foot mansion that could ocfueized by authorities any day no stk tures are higher we're back after this. makes as much sense as playing hide-in-seek... ready or not, here i come... in the desert. uhh. really guys? t-mobile has more 5g bars in more places. and now, when you switch, you can get iphone 13 on us, and one year of apple tv plus for free. you're not going to fit in that hole. don't look any further. unlock the full power of iphone 13 on us at t-mobile.

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in the workplace as a large number left jobs this has moved to female businesses built we have julia boorstin with more >> reporter: over the past 18 months, women left the job market in droves women's participation in the work force hit the lowest level in decades many who rejected corporate structure and failure to support them are starting their own companies. the number of active female business owners plummeted in the early months of the pandemic and rebounded and out paced male business owners in the recovery. the number of women-owned businesses is up 2% before the pandemic and the number of male-owned business owner is down 2%. that is according to census data i spoke to one who is exclusively funding women. she raised $100 million for the female founders fund to invest

in early stage female-led companies. >> woman are recognizing there are alternatives to the 9:00 to 5:00 structure that effectively can generate a healthy amount of income i think that is what ultimately leading to women leaving the workplace. >> reporter: one is glow labs. a software tool and founded by two women who left their jobs at jpmorgan chase. >> we wanted to bill tuild the innovation we wanted to create the future we saw this smartest people in the space moving to crypto and metaverse and we wanted to do that >> reporter: reardon and her partner are in the minority of female entrepreneurs they are living in a start-up

house in l.a they raise 2% of all capital dollars. the odds are stacked against them perhaps the trends of the past few years will start to change those numbers. thanks to julia boorstin for that report. coming up on "worldwide exchange." more on the real estate market and where we are headed and rare good news on inflation canadian pacific rail and the union have come to agreement the mini strike could have setoff another round of inflation over the snarled supply chain worse employees are back on the job today. good news. especially if you are a farmer d rtize ry a lot of agricultur anfeiler we're back after this.

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get ready to pay more to borrow money jay powell suggesting a more aggressive fed to tackle inflation. that means higher borrowing costs for you. in china, investigators racing to determine the cause of the crash of the boeing jet. the faa is set to join the probe. phil lebeau is here to discuss. and it has to be the shoes shares of nike on the rise as it overcomes the hurdles of the

quarter. this is "worldwide exchange" here on cnbc welcome or welcome back. good tuesday morning 5:30 here on the east coast. thanks for joining us. here is how your money and markets look at the 5:00 a.m. hour stocks are higher. dow up triple digits up to 115 nasdaq under that. this after the dow snapped a five-session win streak on the back of the comments from fed chairman jay powell that they may raise basis points 50 points stocks impacted by oil rather than the fed oil rose as well as peter shacknow points out, it

happened in 2000 we worked back then. the central bank cited inflation concerns for that move we could be on the cusp of the first .50% hike in 22 years. we are watching the two-year note and ten-year note watch the spread a lot of people look at that as a forward looking indication of the possible recession if we see the yield invert right now, they are not, but watch the two-year note and ten-year spread. that will be very important to a lot of people in the days and weeks ahead. trust me inside the markets, it has been tough on the macro level this year, but decent run for many smaller companies in fact, the smaller cap index

has been out performing as of late the russell 2000 and s&p has been the one ws this month we look at the big names look at the top five in the small cap 6200 have you heard of rpc? i hadn't ticker is 125% this year the capital of oil atlanta. number two in the small cap 600? lantheus holding up 92% medical images and diagnostics name three, four and five oil and gas. nabors industries and dril-quip and u.s. silica. they find the best fracking sand

and coatings those are the top five in small caps a good run for small companies this could be our rbi, but it is not. we have a better one 50 of the s&p small cap 600 are up 25% so far this year. 50 a tough year overall 50 stocks up 25% i hope you have owned some of them now to the russian invasion of ukraine and president volodymyr zelenskyy is prepared to talk about a commitment his country will not seek nato membership in exchange for a russia cease-fire and withdrawal of all russian troops and guarantee from moscow on the ukrainian security molly hunter joining us from western ukraine in volovetz.

what is the latest on what zelenskyy is offering vladimir putin? >> reporter: brian, we are in the southwest of the country southwest of lviv where we have been the last several weeks. according to sources in the room, mariupol is a sticking point in the cease-fire talks. that is the city we have been talking about so much. according to the mod, excuse me, this morning, ukraine forces are fighting off in mariupol people are finally getting out brian, 3,000 people getting out yesterday. the humanitarian corridor is open again now for civilians to get to safety, they have to get private cars in the city and go through 15 or 16 check points and get to two villages on the out skirts

of mariupol. they take buses to the coastal city and that is where buses take them to the region where they can move west with the train station. people have been moving to lviv. millions are going there to get to ufrp. i' europe people are moving from the hard hit eastern cities people want to stay in the country. people brought house keys with them volovets is in the mountains the people here are extremely welcoming to the new arrivals. brian. >> that is good to hear. quickly, molly, would they get to slovakia if they needed to? that is where you are near >> reporter: that's right. we're near four borders. poland, hungary, slovakia and romania. the mountains stretch along the countries. we are a lot closer to borders that is why if the situation changes for people here, they

feel closer to the borders and exit route brian. >> molly hunter in volovets, ukraine. stay safe. thank you. to the developing story. the crash of the boeing jetliner in china investigators looking to find the black boxes which are crucial to investigators phil lebeau is here with the la latest phil, it is hard to understand because of the magnitude of the descent. if there was a catastrophic engine loss, wouldn't it have a glide ratio? >> reporter: you would think the plane would do that. there is no indication there was a catastrophic loss of power for the engines or incident in mid air. one of the many questions that investigators are trying to figure out you mentioned they are looking for the two black boxes.

you have the flight data recorder and cockpit voice recorder you would expect the investigators depending otn t the terrain, you expect they come across the recorders relatively soon. the next day or two. they emit a beacon which helps investigators track them down. this is not like they are looking at the bottom of the ocean for these. you think they would get to those relatively quick china eastern has grounded the 737-800 planes take a look at how quickly the plane plummeted. in less than two minutes, it went down 25,000 feet. less than two minutes. that's how quickly this plane went down. keep in mind as you look at shares of boeing, china is the largest market for 737-800 models known as the ng models

it is a workhorse within commercial aviation. china eastern has more than 1,100 of the 737-800s. china is the largest market. we said this many times yesterday. this was not a 737 max that is not commercially flying in china it has been approved to resume commercial flights, but no airlines put it back in service. this is an investigation it does hinge on finding the two data recorders that will give investigators a lot more information than what we have right now. >> that is key from the investment perspective it is not a max. i spoke with a friend who is a 40-year commercial and private pilot with experience with planes phil, i'll give up something uncomfortable. feel free to ignore it if you

need to. is there any talk that this could have potentially been a deliberate act by the pilot given that this plane has a glide ratio like we saw with as you will esullenberger you don't come down like some other incident is there any deliberate act by the pilot? >> reporter: i don't know if investigators are looking at that yet most say that is a possibility another possibility is cockpit confusion confusion. they were at the top of the ascent and i don't know if they were entering the wrong data into the plane which began the process and spiraled out of control quickly. there is a number of possibilities here the possibility you had some of the components within the

airplane dramatically fail there is no indication on the data we have seen so far and most believe it is highly unlikely until you get the recorders, you have no case the cockpit voice recorder would give you some indication if the pilot had some intent of intentionally flying that route. there are so many possibilities at this point. brian. >> there are we await the black boxes we don't see that descent that quickly in any of these things you have been covering phil lebeau, thank you very much let's switch gears tough transition let's go to nike nike shares on the rise on better than expected quarterly numbers. all about the road ahead for nike the company holding out on giving guidance with so many uncertainties with inflation and supply chain and ukraine joining us now is brian nagle at

oppenheimer. brian, the stock down from the highs. investors like what they heard it is up overnight what was the best past quarter and what might still concern you around nike? >> good morning, brian i think this was a great report from nike. you mentioned in the opening, there were a lot of concerns among investors into the report. a lot of the supply chain issues and geopolitical concerns and would it impact with those issues for nike. if i step back and look at the report, nike saying they are managing well. sales growth topped expectations china still seeing a rebound there. probably most importantly, the margin profile of neike continue to improve this bodes well for the future >> does the lack of guidance

trouble you at all or should we be surprised by any company who is able to give guidance these days >> it doesn't bother me. nike is a well run company this was the quarter ending in february they guided through the year end in may they will give guidance when they report fourth quarter results. the back drop here makes sense in the q&a of the conference call without giving guidance, they looked toward the next fiscal year. that is the year end may of '23. they expect a return to normal growth profile poor comment from nike last night. >> i have no idea what a shoe is made of. leather and plastic and oil in there somewhere with that supply chain. can the consumer absorb what no

bought must be higher costs ahead for shoes? >> it is a great question. i've said to our clients i follow a number of consumer companies. we look at inflationary pressures on the consumer. what i have seen so far is the consumers are managing well. we haven't seen the demand destruction anywhere in any significant way. in terms of nike, the company has a lot of pricing power and basically happens on the heels of the superior product innovation nike creates great products and encourages customers to buy products they can pass these costs along to consumers strategically. >> you like the stock. brian nagel, nike up 7%. thank you, brian take care. thank you. >> coming up, targeting one of

russia's richest billionaires in aspen. as we head to break, a couple of quick headlines on tuesday. campaign contributions by koch industries to american lawmakers facing scrutiny over their decision to remain in russia over putin's war over two dozen congressional members offered $110,000 in the ekleinupo tis at attack "worldwide exchange" is coming back ks followed me home. i wasn't there for my family and i was barely functioning. until nurtec odt changed all that. nurtec is the only medication that can treat & prevent my migraines. don't take if allergic to nurtec. the most common side effects were nausea, stomach pain, and indigestion. now, i run a non-profit for other green berets. when i feel like myself, i can do so much more.

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welcome back the crackdown on russian billionaires continues as authorities seize yachts and houses all over the world. that includes in america american law enforcement reportedly has their eye on roman abramovich's $50 million aspen mansion. robert frank has the look at the property what are we looking at i have to imagine it is spectacular, robert. >> reporter: it is aspen, brian. everything there is pretty spectacular. roman abramovich is, of course, the highest profile oligarch in the west and biggest name on the sanctions list eu and uk and australia and canada frozen his assets and barred him from traveling to their countries. the white house may add him to the list in the coming weeks

if he is sanctioned here, the first asset the governments could freeze would be his real estate in colorado he own ts two homes there. one is a 14,000 square foot glass fortress in snow mass outside of aspen he bought that in 2008 for $36.5 million. he expanded the property underground. brookers say it would sell for $50 million today. the other property is a ski villa down the road that he bought for $12 million also in 2008 county records show the properties were purchased and remain in abramovich's name. they are believed to be the only properties that are held by a sanctioned oligarch which hasn't been transferred for not purchased by an anonymous shell company. these properties highly unusual

and because they are in his name, the government can freeze them immediately it is unlikely what will happen. buyers are circling. it is aspen. supply in aspen down 60% year over year. the average sale price in aspen right now is over $13 million. brian. >> that's insane it is more insane he has multiple homes i get homes all over the world, but not homes in the same neighborhood any indication he has been to these houses this is a way to park money in the u.s. i think abramovich's daughter may be a u.s. citizen. his yacht was in chelsea piers a decade ago the guy said he was there to have his daughter born

>> the ultimate anchor baby. he had his yacht there while his daughter was born in new york. his ex-wife is a u.s. citizen. you are right, brian, he has rarely been to this property in aspen. aspen is a housing market where people go there two or three weeks a year abramovich hasn't been seen there in years this is such a private property. he can land there and drive to the property and no one would see him. he might have been there after 2008, he gave a lot to local charity. he has not been a presence there in recent years. >> just the huge mansions sitting empty. he could transfer into other family names we will see what happens robert frank, thank you very much his yacht parked there ten years

ago. on deck, tiffany mcghee is back with your view on inflation and more stick around

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new gold bond pure moisture lotion. 24-hour hydration. no parabens, dyes, or fragrances. gold bond. champion your skin. welcome back between rising oil and other inflation off the charts and federal reserve and you out there have a lot to deal with investing. j jay powell says inflation is too high and hiking 25 points if necessary. to achieve the soft landing is important and invest ors are watching the yield curve with the two-year note and ten-year note indicating recession. keep an eye on that chart. let's talk about this with

tiffany mcghee we are putting a lot of the faith in jay powell and the fed. this is threading the ultimate economic needle, i feel. >> absolutely. you know, i think about all that we've been through in the past two years. so much talk about the fed raising rates. we are at the first rate increase i, like most investors, are thinking about it and what it means for portfolios and the economy. i think one thing that is important to remember is that the u.s. consumer in particular is operating from a position of strength that is really going to help navigate the higher inflationary environment. you know, consumers in the u.s. are sitting on $2.5 trillion in cash we have low employment record high wages. wage growth is also set to about

by most to out pace inflation. consumers are well positioned to absorb higher prices. >> you wonder for how long i understand a lot of concerns of ba.2 and inflation. i traveled you traveled people are out stores are packed. hotels are packed. costs are packed they're up you wonder how long that can last, i guess. >> yeah, listen, we're used to prices slowly and steadily increasing again, you know, consumer spending is 70% of gdp that is the number we have to look at and pay attention to corporate spending as well the consumer balance sheet is strong they are making more money than before they are employed. that is the best situation to be in the environment of rising prices

corporations are strong, too look at the earnings season we came off strong balance sheets. for me, the team going forward in terms of stocks is strong balance sheets and strong business models. >> speaking of threatening the n needle i know you like lululemon. the confidence is strong >> i own both of them. i think right here you have to own both they do two things first, they seem like they are similar. nike definitely out performed yesterday when they released earnings i was paying attention to the margins. in the environment of lots of headlines and inflation. nike was able to increase the margin a little bit. they did that by not discounting and charging full price. what is interesting about nike, going forward, they refocused on the main revenue source. number one, more direct selling.

not really using the foot l lockers of the world as much investing in web site and flagship stores and going into the metaverse. that is the page from the lululemon direct selectling i like both here at the discount prices >> tiffany mcghee, thank you no time for the rbi today. it will be back tomorrow as we will be. we will see you then "squawk" is next ! get more. 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. ♪ ♪ you get up to 10 times the speed at no extnice suits, you guys blend right in. the world needs you back. i'm retired greg, you know this. people are taking financial advice from memes. [baby spits out milk] i'll get my onesies®. ♪ “baby one more time” by britney spears ♪ e*trade now from morgan stanley.

this is elodia. she's a recording artist. 1 of 10 million people that comcast has connected to affordable internet in the last 10 years. and this is emmanuel, a future recording artist, and one of the millions of students we're connecting throughout the next 10. through projectup, comcast is committing $1 billion so millions more students, past... and present, can continue to get the tools they need to build a future of unlimited possibilities.

good morning fed chair jay powell putting markets on alert raising the odds that a bigger than expected rate hike could be coming to tackle run away

inflation. in thchina, boeing and the a trying to figure out what caused the deadly crash of the 737. shares of mnike higher. it's tuesday, march 22nd, 2022 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm rebecca quick along with joe kernen and mike santolli there are green arrows at this point. dow futures indicated up by