that's all for this edition of "dateline." i'm andrea canning. thank you for watching. [theme music] it's a wednesday morning welcome to "street signs." i'm arabile gumede the u.s. plans to send tanks to ukraine after months of refusal. the world's third largest economy contends with a slowdown in global demand for its high-tech exports. asml beading fourth quarter

forecasts but flagging that uncertainty around u.s. chip restrictions on china could certainly be a problem we're told the situation is very fluid. >> it's highly complex several countries are involved it's not just between the dutch and the americans. it involves all the european countries, it involves asian countries. it's a complex situation. it's also an 11-month high with easyjet saying they expect to beat market expectations in 2023.

we're going to get son info data coming out of the german markets in a while, in a moment or two, but before that, let's get into the market picture and see how things are going particularly the european markets that have been interesting of late with the aspects of economic recessions still following the market and dogging the market quite extensively. the european markets fractionally lower this wednesday morning. this follows on from the loss from the previous session and data out of the eurozone yesterday did point to positively, particularly when it comes to the pmi numbers that came out, some better than expect, germany as well. we did see pmi numbers and business tircht in the regio image proving. the regional services and manufacturing sectors performing a little better. taking a look at the european markets in particular, of course, we'll take a look at the

ftse 100 being of interest as well just above the flat line is where that is sitting. quite interesting, of course, then to note that we do have ppi numbers having come out of the uk, rising 16.5% in december that's year on year. down 0.8% month on month, however. it's down from the peak of 24.6% we saw in june we got numbers out of the obr or sentiment out of the obr this is according to the "times" reporting. the budget could actually decrease its growth expectations as well for the next quarter or so, teven the next year growth to pick up heading into 2024 and average around 2.6%, but they could decrease those numbers then as well, and they could actually decrease that

between 0.2 and 0.5%. all right. let's get into the ethos number. german sentiment has been on the up of late we're seeing that number come in, and it has risen in the month of january by the scenes of things. the index revised to 83.2% expectations index is sitting at 83.2 is the point number on that one. we're seeing the economy starting the year with what seems to be a little bit cautious optimism. 94.1 versus the 94.4 in december so a slight decline. but seemingly headed in the right direction is what it does look to be doing at this point in time. the improvement, of course, does come from manufacturing data, which we saw being perhaps the only one that was better than expected in those pmi numbers as

well we're joined now as we discuss the caution optimism of the german economy clarence, thank you so much for the time do these numbers perhaps suggest to you that a recession isn't necessarily a forgone conclusion here >> they are indeed the expectation was that there might be a recession in the fourth quarter of 2022 and the first quarter of '23, and now it looks like the last quarter was flat the economy may still be shrinking a little in the first quarter, but given the improvement we're seeing from businesses, it is very unlikely that we will have a technical recession, which would be two negative quarters. so, yes, indeed, it's a signal that we might avoid the recession. >> yeah, so a downturn that isn't necessarily going to be as steep is what it certainly does then look like how much of those sentiments

could have improved? >> it's not just the prices. it's the expectation that we will not end up in a gas rationing situation. this was the most important risk for the german economy a scenario where gas supplies would have been sufficient for the winter and parts of manufacturing would have to be cut off from supplies because priority would be given to households, to heating, and that scenario is now off the table. gas tanks are full temperatures were mild this winter it does explain the decline in prices, but it means we would avoid the hit to the economy and gas rationing. >> we saw manufacturing on the

other side being the one key laggard, perhaps, in the pmi numbers that we pointed out yesterday. in your sense, what is this trajectory pointing toward are we really out of the woods at this point in time? can we really say for certain that this optimism that was shown toward the end of last year is going to carry us through the rest of this year for the biggest economy in europe >> i would think so. so in manufacturing, we're seeing a number of factors improving. energy prices, bottleneck supplies are still there but they're easing our expectation would be that the situation will continue to improve slowly but steadily throughout the year. one issue in the german economy is the construction sector here we have steeply rising costs and rising interest rates, and that is affecting construction so this is the one sector where

problems may be a hi ed, but in manufacturing, we would expect a steady improvement of course, we don't know whether, for instance, the opening of the chinese economy may lead the energy prices increasing or raw materials, commodity prices in the coming year, and that may lead to a setback for the companies. at the same time if china opens up, the supply bottlenecks will ease further, so it's a mixed bag. and, of course, we're living in uncertain times and we don't know given what we know today. yes, we expect an improvement over the year. >> current conditions currently improving as well. companies are complaining about with the bottleneck. you spoke about china. that means a whole lot more needs to go around the world at this point is there the sense that those bottlenecks could actually get worse before they get better because this reopening could

still stymie the market? >> well, the reopening will ease some of those bottlenecks. at the same time there may be growing demand for other products and need for adjustment in international logistics so there's uncertainty around here, but overall we would expect supply bottlenecks to ease throughout the year so we don't expect hiccups in that area. >> the fiscal package is really coming out of the german economy. the fiscal stimulus packages you also, you know, had those lockdown-related backlogs that we're speaking about now were those possibly a big help to assure those things didn't go and were worse for wear as they could have been in this picture now? we could be starting from a lower base. >> yes they have probably helped, although, demand was not the

problem. we have very high inflation rates, so the problems are coming from the supply side at this point, and there's little fiscal policy can do here. one thing that certainly was important is that the german government offered the gas price break, stating that gas prices will not rise, for consumers will not rise. now it looks like these sub subsidies might not even be needed, but what the policy has done is reduce uncertainty for policies and consumers and certainly improves consumer confidence and smooths the demand and willingness to buy. >> clemens, let me put you in a macroeconomics sphere and get you into the meeting then that would possibly be held by the ecb and ask you in your mind with inflation prices easing as

you noticed, the balance of companies wanting to raise prices falling as well, would you hold an aggressive stance with regard to interest rates, which, of course, is trying to fight the inflation number we currently have at this time, but what would your thoughts be on this one, if i could perhaps push you on an answer there? >> i think slightly less aggressive than last year or in the second lahalf of last year, but the ecb needs to raise interest rates we have to take into consideration core inflation inclines inflation would food and energy continues to rise. we see unions in their wage demands taking into account inflation so that there clearly is a problem here beyond energy prices, and that's why i think the ecb will need to continue raising interest rates at the

lower rate than in the last months, but, yes, we are not out of the woods though. >> thank you for the slightly more positive data you put out today. hopefully it does bode well for the german economy clemens fuest is the director at ifo. thank you so much for your time. let's move over to the far east where japan has slashed its outlook for the economy. the government expects exports as well as imports to weaken this year, but policy makers are optimistic that things will improve. if japan does pay full attention to the impact of china's covid infe infections. we were told at davos last week that the central bank tried to improve growth under its

leadership. >> in the last nearly 10 years in which i have governor of the bank of japan, we tried to eradicate inflation, and that we have been successful and we tried to recover economic growth because during that deflationary period from 1998 through 2012, there was almost also zero growth but after 2013, economic growth has been regained, but about 1%. well, coming up on the show, berlin changes its spots with germany and the u.s. reportedly set to deliver tanks to ukraine. we'll discuss the policy u-turn

after this break

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welcome back to "street signs. let's take a look at how defense contractors are looking this morning. they're gaining around 2%. all-time high there, and that's particularly because of some news coming out, particularly out of germany there's going to be an announcement made around 1:00 p.m. how germany will not just authorize tank exports by its allies but be willing to send its own company of leopard tanks. this comes after a few denials then as well, seeing a whole host of those defense contractors going higher let's continue with that news story, the u.s. and germany reportedly ready to send heavy battle tanks to ukraine with announcements from washington and berlin expected as early as today. that's according to media reports. they're expecting the biden administration has agreed to

provide at least 30 m-1 abram tanks while the schultz company will deliver 14 and will not block poland from sending some of its own the u-turn comes after months of conversation russia calls the move a blatant provocation. ukrainian president volodymyr zelenskyy urged the western allies to speed up the del discussions of tank deliveries. >> translator: there's a lot of talk about the tanks there's been many efforts, words, and promises, but there's reality. our need is greater. need everything we need to fill the deficit daily. i thank everyone who's helping us out with this, however, discussions should be completed with decisions, decisions on the

real strengthening of our defense against terrorists our allies have the necessary amount of tanks. when the necessary amount is reached, we ooh be happy to express gratitude if every weighty decision. ukraine will also need more missile systems in order to defeat russia. >> we have found that ukrainians have been very, very fast learners got the nay sam systems in about six weeks. had the system in place, and incredibly as we look at the ability of them to detect and destroy incoming targets, they're at 100%. unfortunately one patriot system does not defend ukraine. you probably need 14 or 15 patriot systems across the country to actually prevent the destruction that you're seeing with the russian missiles

targeting schools and apartment buildings and hospitals. so this is the first step to get the first cadre train happening at fort sill today we think that will be less than six months we'll see how many more we can get trained up and how many we can work with dod to work and deploy with the country. >> he told them the demand for defense systems isgrowing as the geopolitical situation evolves. >> i think it's well understood by everyone there's a heightened threat environment our allies feel the same way we come together in europe to work together to help defend it, but there's increased demand for the kinds of systems and products and platforms you need to defend your country we've got great relationships with a number of our allies.

>> annette we eisbock joins us for more i wanted to add to that as headlines that have come out right this moment. the response was these tanks will burn like all the rest. annette, why the u-turn from berlin >> i wouldn't necessarily call it a complete future i think schultz was sitting on his handing s for quite a while because he need a concession they're divided on sending arms into war zones that comes from a very long peace tradition. he needed to bring more than 50% of the party in his camp before stepping up and saying they're

doing that it's a -turn, but it's a decision as well because it clearly could constitute an alliance case in terms of nato it certainly has been thing about the possible consequences of sending tanks into ukraine. essentially i think it's a bold move it's not only allowing others to send the tanks, but germany is sending their own tanks as well. for now it's only 14, but it could well increase over the next months to come. they're already saying they're sitting on some 20 or more tanks which can deploy as soon as march/april into ukraine now we're hearing from norway and spain that they're also willing to send tanks, so the number of tanks can add up quite substantially very, very fast. that is it for now, but schultz

is looking for a global consensus in a way it depends on what you think he's reluctant on nations decisions. that's one alternative the other is he put a lot of pressure on the united states saying only if they send their tanks as well, we'll send our tanks into ukraine the key question is why do they all want those tanks because they're widely seen internationally as seen as the most modern tanks on the ground. they're fuel efficient they can run a lot longer, especially in a war zone where supply chain issues are a major concern. to sum it up, germany is going to decide -- not going to decide they're going to announce today around 1:00. they're going to send their own tanks as well and they're going

to permit others to send their german-produced tanks into the ukraine as soon as necessary let's get to the earning front and how things have faired particularly here. it seems like the first busy sort of day. the u.s. has seen a number of earnings come out. particularly we're going to focus on easyjet, which it says it expects to beat current market expectations in 2023 t british airline reporting a headline loss before tax of 133 million pounds for the quarter, ending in december, which was significantly better than the first quarter of 2022. easyjet shares are set for the biggest one-day gain since march 2022 then. right now at 10.3% it's up 48 points.

it's certainly a big gain on today. generally you're seeing a good gain for the airline stocks overall, which really have gained on the back of that information and that data coming out of easyjet, seeing a lot more bookings coming through in the month of january so far. things may be looking like they're heading into a slightly more positive tone all the way through into the summer is how they'll want to get this going as well. so easyjet fairing a lot better on this front. the budget airline increasing its four-year profit outlook as we noted significantly better. significant year on year as well givaudan's price also rising to 856 million, beating expectations speaking to cnbc earlier, the ceo said the company was able to successfully pass off higher costs to consumers amid supply

chain disruptions. >> we see the input rising almost 10% this year in total we are to recover yes, thanks to the collaboration with our clients, we were able to do that through pricing. now, coming up on the show, asml reporting 21.2 billion euros and a 25% bump in revenue. that's amid strong demand for its products i just got my elite box and i am so excited to dive in. i never know what i'm gonna get.

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show i'm arabile argirrabile gumede. japan downgrades its domestic outlook for the first time in almost a year as the world's third largest economy

contends with a slowdown in global demand for its high-tech exports. asml beating fourth quarter forecasts but flags uncertainty around u.s. chip restrictions on china. ceo peter wennink tells cnbc it's very fluid. >> they're i have high complex issues, several countries are involved it's not just between the dutch and americans. it involves all the european countries, it involves asian countries. it's a complex situation. the german economy looks to avoid a recession with business morale picking up in january ceo clemens fuest tells this program they're easing prices. >> it's not just the prices. it's the expectations we will not end up in a gas rationing situation. this was the most important risk for the german economy here's your look then at

european markets this half hour. european markets opening fractionally lower on the day's trade, an hour and a half since the opening picture. it does follow from yesterday's loss, which we did see in the session. this is despite data coming out of the eurozone showing an uptick in activity numbers it pointed to an uptick. particularly today we did see the german ifo data coming out, the ifo data pointing to 48.4% of the companies complaining about the bottleneck in supplies on the whole, probably not a recession is what the ee foe data is pointing toward with the president then also saying that that might not be something that actually happens gdp will probably shrink only slightly in the first quarter, but not as high -- or as deep,

rather, as was initially expected the german economy starting cautiously optimistic. you may begin to see a little bit of weakness in the euro as well as the pound then, but it's more the u.s. dollar still doing some positive work then the euro is still hovering near the nine-month highs with the dollar having given back some of its recent ains, having riis o the a one-week high not so long ago. onto the bond yields, those had fallen yesterday investors assessing the ecb's hiking rate, falling to its lowest since december 8. that was down around three basis points german bonds possibly factoring in a recent decline in inflation but may not have adjusted to

growth products, which is exactly what we saw out of the ifo numbers. it does leave room for the bond yield to be on the up. sml points to 21.2 euros that was amid strong demand for its products despite the challenge macroeconomic environment. they recorded a backlog of 40 million euros and expects sales to rise 25% this year alongside a slide improvement in gross margins. the group also said it will wait for a, quote, reasonable solution to the u.s.-led export restrictions in china. ceo peter wennink spoke to cnbc just this morning and described the export controls as, quote, highly complex, adding that he hoped a resolution could be reached. >> yeah, i think that's a question you should really ask the government, you know we're a business people. we're not politicians. this is a geopolitical issue

our dutch prime minister was in washington last week and actually made it very clear that this is a highly complex issue several countries are involved it's not just between the dutch and americans. it involves the european countries, asian countries it involves multiple companies, highly complex supply chain. so i think this is all very sensitive. there needs to be a balanced outcome and they're talking. of course, we provide them with the information as we see it, you know this is actually helpful, i think helpful in the discussions that are currently going on. but, you know, it is up to them. we in that sense just have to follow what comes out. it's still a discussion. >> i asked him on the back of

his trip he didn't give me a concrete answer my tech correspondent arjun asked me what are you shipping to china do you think you'll be selling euv machines to china? >> oh, no. we're still shipping other tools, which is still allowed, so, now, our china business is about 15% of our total sales it's been that last year i think it will be similar this year unless anything changes, we'll actually keep shipping our workhorse of the industry today, but export controls on the euv are still valid. i mean we cannot ship those. >> peter, just to be clear about the impact here, the restrictions are designed to stop these chips from fueling military hardware in china,

accelerating their programs when it comes to defense. do they still have the others in china? >> yes i think when you think about the semi-conductor usage and military applications, you have to realize that many, many of those missile applications use use mature chips they're 50 years old why? they're rugged they can withstand extreme conditions it's basically as you said, you know, the leading edge chips are used in infrastructure, used in the mobile phone area, the consumer area, the industrial area this is where, of course, any export control, we need to really think through what that means for the capacity that's being billed, which includes china. so this is something that we, of course, give information to our government what we think the government offers as certain proposals. that is, indeed, where we are

today. it will affect, i think, more generally the availability for chips in the industry at large not specifically in the military application because that's already there. that's pretty mature. >> peter, as you looked a the playing field, is there anyone who could step in to fill the void if ultimately restrictions remained in place? >> well, if the current restrictions remained in place, it's only euv. it would not affect anything it is about additional restrictions on duv. those happen to be very far-reaching we don't know. if that were the case, there's knob there to step in, so it would create an additional shortage on industrial applications and industrial chips that are already in, i

would say, short amount. >> we will get back onto that story very shortly but very quickly some news coming on, breaking new, that german police have raided the office of the french bank paribas in frankfurt that share price as you can tell going down on the back of that news, 1% weaker. shares turning lower after that report, having lost around 1.5% thus far it comes off the german police raiding the offices. we'll try to keep you abreast of that but let's return back to asml, arjun joining us to get the lowdown on this story. we heard from the ceo who was speaking quite vehemently early

this morning it's going to be touch and go it's really these restrictions that are really the key factor over here. maybe nothing has really changed per se right now, but in the long term, it's bound to hurt, especially as demand continues to grow but unable to really fulfill as they probably should. >> it's a fascinating company, asml, because it's probably a company nobody has heard of really but it's absolutely critical to the supply chain of the most advanced chips the machines sell for about $150,000 to $200,000 they're the only company in the world that can make these. and these machines are required to make the most advanced chips in the world those companies end up manufacturing things that go into iphones and consumer electronics we have as well.

clearly the u.s. is playing out this political battle right fwhien itself and china, this battle for dominance you see the u.s. recognizing that asml is a key component of the chip supply chain. for the past years it's put pressure reportedly on the dutch government to stop the government from allowing asml to ship some of these euv machines out to china, and that continues to be the case asml so far has not shipped any euv machines to china. the question is what comes next? this is what the dutch government is hashing out, the dutch government and u.s. government will there be a blanket ban on all asml ma dheens being shipped to china or will it still be the case just the most advanced machines won't be able to be shipped? so far that's the case they are continuing to ship some of their older machines known as deep ultraviolet

electricitiography ma means. if that evaporates, that will be significant. the ceo saying earlier on "squawk box" he doesn't exact that but that's the biggest worry and how political it is and the geopolitical battle playing out as well with asml caught in the middle. >> very quickly, the expansion products, samsung, intel, certainly those hurting their business as well, especially then if you take away the china business. >> it certainly is, but there was very upbeat guidance, the ceo saying they're expecting a 25% bump in it next year because the projects will recover when they come back online. you see them building factories in arizona and intel expanding their factories as well. that should be a boon for the company in 2023 and going into

2024 as well really, asml is the only company that can produce these. >> stay with us. we'll be back as we continue our story. this time we'll talk about tesla when it reports fourth quarter d rnings later today anmusk's unsecured tweet after the break. was painfully slow . then we found shipstation. now we're shipping out orders 5 times faster and we're saving a ton. go to shipstation.com /tv and get 2 months free.

signs. a story we followed just before the break then with regard to bnp parabis and the german officers raiding the bank. just before that the spokeswoman at the bank in paris says there's no immediate comment of the german police raiding the offices of the frankfurt bank. reuters is saying the german daily is handling reports. in connection with the

multi-billion euro tax tax investigators and police officers were involved in the e search taking place since tuesday. it's not just today. it also included private residences in three german states no comment as yet, but still in relation to that scandal is what we're getting word on that for now t , the share price losg 4% on the back of the news. let's continue with what we've got today. microsoft has said it's rolled back a network change it believed was causing major outages and team apps throughout the world. they did not disclose how many users were affected. but outages were reported in

japan, india, australia, as well as the uk. they continued to rally after hours amid strong growth in its azure cloud unit sentiments soured as the software giant offered guidance that missed forecasts. earnings came at 2.32 but down on the euro. the revenue growth was the slowest since 2016 and fell short of analysts' expectations. the company did warn the pc market will contract again, leading to a roughly 17% year-on-year decline in the segment that features its flagship windows product for more on microsoft earnings as well as those teams and outlooks outages, check out cnbc.com. still in the tech stocks tesla is due to report fourth quarter earnings later today investors will be watching out for any impacts of price cuts in

the u.s. and europe. arjun still with us, of course, as we get into these stories arjun, very interesting. tesla a distraction away from the forecast, which is still in relation to tesla as well. how significant and important is it that these earnings show the kind of direction that tesla is looking to head down toward considering that they've had all these price cuts that they've looked toward, losing a sense of premiumship, if you want to call it too. >> it will be one of the most important earnings reports in history. it's been at a crossroads. it's had a year of a boon of growth more intense competition than ever, and you've got elon musk distracted left, right, and center with a case with twitter and with other things as well. that's very concerning to investors. they'll want to hear from elon

musk and management that the company's on the right track, that elon musk has all his eggs in the basket of tesla and is very much focused on making tesla, which is really the crown jewel of his empire, a company that would withstand this tough period and could reignite growth as well. we know q4 missed expectations the market expecting revenue of $4 billion 457 y it's expecting 1.13. a significant slowdown i think really it's not about the q4 earnings. it's about the guidance. we saw that with microsoft as well we're going to see it with tesla. what will be the impact on margin i think tesla sees it as a short-term pain for necessary long-term gain cut the price and remain a leader in the ev space it's been a while since tesla

has introduced any new models, so i think the market is going to want an update, particularly as there's increased competition, especially in china. volumes over the long term musk has spoken about growth will he need to be more realistic? perhaps cut the volume as well finally, again, he needs to say i'm all in this, i'm very much focused on tesla and making sure this company can survive the rough patch as well. >> it's going to really require a whole host of his attention then john blank also joins us then as well he's the chief equity strategist john, what is it you're looking for when it comes to these numbers then we're speaking about volume, pricing, focus on elon musk. is focus the key component here? >> yeah, i think so. look we've got a situation with the

stock. he beat earnings seven times in a row. his beat last time was about 10.5%. over four times, about 25% the best analyst we have in our system, there's 13 altogether, but the best is 115, and the con senn sense is around 112 that's only a 3% beat. so basically he's probably going to be just slightly in line. if there's a 3% beat in the market like this, it's probably going to be acceptable but at the end of the day, this stock is at 140 and a 30 pe, and it's probably where it needs to be it's probably in line with the forward guidance you know, at best the problem here is if they look into 2024 where people are looking for 20% volume growth, the 30 pe and 20 pe, that's kind of the problem here. >> those valuations become very interesting here if you want to grow the entity, you still haven't put in any new

models for the longest time. pricing has been drawn down quite significantly in trying to appease a separate sector of the market or keep the market interested does that play into the hands very well in the medium to long term >> the shortage of chips and general downturn of the economy that all automakers are facing have put muffing into a position of putting these new product directions further and further out. basically they tried to get in front of that with a press release yesterday about nevada, two battery production facilities in nevada they're trying basically the problem with musk having spent so much collateral at twitter is that nobody's really believing that this is enough to change their numbers that's the problem here. he's got big earnings cuts

across pretty much all of the 13 analysts that cover tesla. that means pretty much he is in a pessimistic scenario he's really diminished expectations people aren't buying what he used to sell to give you an idea, it's a number five ranked stock strong sale stock. it's derated very, very overvalued stock. it's a f-rated stock, which is horrendous it's a b-rated growth stock. the basic point here is the bears have lots of ammunition now, momentum value, short-term outlook very poor. the only thing the bulls have is long-term, and he keeps pushing it out. >> how does musk regain credibility in your view what does he have to do to regain credibility with analysts and with investors >> you know, this is a massive

puzzle the basic problem here is he bought twitter twitter was not growing. it was profitable, but not growing. so he was brought in as a turnaround expert, and now he had a free news app at twitter that he has to turn around and make a growth stock, and this is not happening. he's doing the opposite. he's turning it into an unprofitable private equity offering how does he get out of that? and then you throw that in front of the 2023/2024 presidential election cycle, all the pressure that will come upon him, i can only answer the question, i think he's got to do something with twitter and something substantial with twitter more than just a ceo but a very dependable ceo and he's got do it before the election. china, we've had the reopening there, the removal of

zero covid, but at the same time you've got headwinds from increased competition from domestic players at a time when tesla doesn't have any fresh and exciting outlooks on the market. what's your thoughts on that in the coming year? >> that's a very interesting question what i learned is byd is the real producer there. that they were doing 250,000 last year where tesla was doing 450,000 worldwide. they're profitable all these stocks have sold off from the chinese bubble for the last two years for example, neo is at $10 a share and is very profitable making 20,000 units or something like that in the fourth quarter. li is no different so the competition for tesla in china boils down to byd and any of the foreign automakers in europe you know, you can see that this is a huge focus for them

25% of the market is battery/electric vehicles. they've got to solve it and do what they're doing, which is keep the prices down, because byd is a discount auto retailer. >> john blank, thank you so much for the time we certainly will be scrutinizing those numbers chief trat gist at zac zacks 75 companies have pointed down that's it for today's show "worldwide exchange" is up next.

clearly inflation peaked it's no longer a question.

it's a fact. the question is can they get to 2% >> i think it will be higher, 5%. >> 5%. >> that's my own view because i think there's a lot of underlying inflation. >> we want to make sure the united states of the world being the super pow over america should have energy security. >> it's a doctor-ordered blood test that can identify the a person has one of 50 types of cancer. it is 5:00 a.m. at cnbc global headquarters and here's your top "five@5." we're going to tell you why one strategist says he's already outright negative on stocks in 2023 and sinking sales and disappearancing demand microsoft held out in what was a rough quarter and a weaker year ahead. and new details this morning on what activists are after as they boost their stakes in software giant salesfor