it is 5:00 a.m. in washington here is the top "five@5. ready to run tesla reporting the highest quarterly profit ever as price cuts eat into margins. some say it could be the end of the stock slide. big profit for big oil means big returns for shareholders the news from chevron. and tightening big blue. ibm cutting nearly 4,000 jobs. plus, weeks after twitter, facebook parent meta is

reinstating former president trump's accounts. and good news for germany and europe as mother nature may have saved the day on their energy crisis. it is thursday, january 26th this is "worldwide exchange." well good morning, good afternoon or good evening. welcome from wherever you are watching i'm brian sullivan let's kick off the hour with the stock futures. we are seeing a bit of green on the screen nasdaq is up 40 points dow futures are down a touch no real clear indication which way the market wants to go volume is very thin on futures at this hour take it with a grain of giant sea salt there you go what about the bond market bond yields.

like we said, bonds are boring they stay boring 10-year treasury is where it was six months ago it is not moving at all. wish i had something giant and exciting to show you i do not the price of oil has been moving it has been moving up. russian exports continue to be strong india is buying and that continues to be strong chinese demand is growing. chinese jet travel is growing as well crude oil at $89.60. by the way, speaking of oil and gas, we have to talk chevron chevron making immeheadlines af hours. authorizing a stock buyback of $75 billion. that is one of the biggest ever on record. it is also raising dividend by 9 cents a share to 1$1.51 per

share. we will find out how good it is lately chevron earnings are due out tomorrow morning $75 billion buyback. raising the dividend 36 straight years of a dividend increase for chevron that stock is up 2.5%. we will get more on chevron and oil and gas all throughout the day here on cnbc around the world, china is still closed for the lunar new year celebrations. the rest of asia is open for business we have a headline from south korea. economy contracting for the first time since early 2020. stocks there on the move well, we'll show you, but i guess we won't europe's trading day is starting a lot of green on the screen in europe with the french market at cac 40 up around .60%. enough of that that is the macro.

let's get to tesla along with chevron may be the single stock story of the day. tesla had record profit and the stock is responding. silvana henao is joining us with the tesla numbers. silvana. >> brian, good morning shares of tesla responding moving higher ahead of the open after fourth quarter results beat estimates on the top and bottom line. for the quarter, tesla reported $1.19 a share adjusted on revenue of $23 billion both the highest ever for tesla. also bullish for tesla elon musk on the call telling analysts his company may produce as many as 2 million the cars this year with demand at least right now out stripping supply listen to what he had to say >> thus far in january, we have seen the strongest orders year to date than ever in history

we currently are seeing quarters almost twice the rate of production it's hard to say if that will continue, but orders are high. we actually raised the model y price in response to that. we think demand will be good despite probably contraction in the auto market as a whole >> it is not all good news for tesla. gross auto margins came in at 26%. lowest level in five quarters. musk warning that $2 million production number could be close to $800 million due to fricking force majeure somewhere on earth. musk thinks a chinese ev maker

is the toughest competition in the years ahead. as for the tesla truck, look for the bottom line to hit in a very big way next year. >> big numbers there a rough ride for tesla stockholders maybe good news this morning silvana henao, thank you let's get back to broader ma markets. despite recent bumps in the road, it is a solid start to the year all this as we shift to the fed policy meeting next week and our next guest has been talking about a potential pause in rate hikes does not equal a pivot meaning maybe the bull case is looking aggressive ben eamos is strategist at new edge wealth. ben, great to have you back on the program. always appreciate your views are you shocked at the strength of shocks to start the year?

>> good morning, brian it is really great to be here. well, we have seen a flip from last year. it is the inflation story that is driving the gains in stocks europe being able to avoid recession because gas prices have continued to plummet which means inflation coming down faster i think that is the story for thestock market this year if w continue to have a consistent decline in inflation, we know it will not do much more of hiking from here. we know the recession will be pushed out from the future in that sense, the surprise is more about the recession isn't happening and stock market is up we will stay in this mode, but not breaking out of the bear market yet there is a lot of technical resistance we are coming up against. >> we like to see stocks going

up we like that however, if i had to be a bear, i'm grumpy and it's early. the stocks that are doing the best are many of the ones that got hit hardest. lower profit, i hate to say lower quality names. you know what i mean is it going to last? >> that is a momentum play, brian. people comparing stocks and looking at the liquidity measures and china which is an uplift of markets and sentiment. you have the traders come in and cover their short sale or jump into the opportunity to capture 10% to 15% gains in stocks like that right out of the gate you can question how much sustainable that really is if it is short-term, it is not about value fundamentals it is about the prices were down so much and that's only the

upside activity we have in return for that. i think we will to have choppy range here the s&p seems to struggle at 4,100. nasdaq below 11,500. that is the tug-of-war with the most m-- most mementum traders that is where you want to step in if it is changing to the down side inflation >> isn't this it on the s&p 500, we are at resistance you look at the starchart for t year or two years, that is where resistance has been. we have failed every time in the last 12 to 18 months if we can survive this and breakthrough, ben, do you see this rally rolling on or are we doomed to fail in the spring or

early summer >> that is not an easy question to answer. on the one hand, technicals are dominant dominant since the ukraine war broke out. we tried to move out of it and make arguments about the valuations have gotten off and inflation is coming off and the fed will stop raising rates and begin to easing. this has not changed the bear market you have a lot of other risk coming out energy prices have started to rise again commodities are up because the china market is probably doing it you want to be cautious and be respect technicals if you want to break the level, then you can take a cue and say the bear market is changing and you can make a different call on stocks from here

>> watch those commodities you are right to note it my dad texted me yesterday on his birthday happy beneficirthday. the gas station near him raised prices ben, i love your notes a must read. thank you. >> thank you, brian. you are very welcome we are just getting started. when we come back, more big stories and big blue doing something for the first time in more than a decade we'll tell you what it is. plus, ahead of the release today, southwest airlines facing new probes over its holiday meltdown later? back on twitter soon back on facebook with new terms. we will tell you about trump's social media comeback. stick around

all right. welcome back time for big money movers on this thursday. first up is that stock i ibm posting the biggest sales increase since 2011. revenue coming in at $3 billion. more than a year ago despite that, ib m announcing layoffs of 3,900 employees

next you have is lelevi issuing up beat guidance due to strong demand and projected improvement. stock up 6%. and lastly is united rentals showing off a new dividend and bringing back the stock buyback program. plans to repurchase $1 billion in stock this year that news moving united rentals higher despite the worst than expected earnings for the fourth quarter. the stock is rising about 6% still on deck here on "worldwide exchange," maybe good news for europe and the race to keep the lights and heat on this winter former ferc chair neil chatterjee will join us to talk

about that and energy next ...meets trailblazer. ♪ ♪ classic meets modern. ♪ at morgan stanley, we may seem like a contradiction...and we are. ♪ ♪ at 87 years old, we still see the world with the wonder of new eyes, ♪ helping you discover untapped possibilities ♪ and relentlessly working with you to make them real. ♪ partnering to unlock new ideas, ♪ to create new legacies, ♪ to research, innovate, collaborate,

♪ and build the way to transform a company, industry, economy, generation. ♪ because grit and vision working in lockstep puts you on the path to your full potential. ♪ technology lets you monitor your pet

when you're not at home, but to monitor threats to your hybrid workforce wherever they are... you need more than technology. you need cdw, who gets to know your business and can design and deploy custom solutions, with pre-configured hp notebooks with hp wolf security. ai-enabled threat detection and remote management protect your endpoints 24/7, giving your defenses some real teeth. bummer. hp makes always-on remote security possible. cdw makes it powerful. all right. that's how the futures are shaping up on thursday morning again, no real indication. nasdaq futures are higher. up 58 points nasdaq on the tear so far in 2023 we areacrit teth bk ghafr is or is it goodbye? you know, it seems like hope and trust are in short supply.

[clap] now, as businesses we can blame and shame. or... [whistles] we can make a change. [clap] we can make work, work for our communities. create more equal opportunities. [clap] it's time for business to show its true worth. because it's not goodbye, world. it's hello, team earth. [clap] this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight.

welcome back 5:21 eastern time. good morning let's hit another stock on the move this morning. on the move higher that is las vegas sands. shares climbing showing gains thanks to tourism rebound specifically in one of the key asia markets contessa brewer is joining us now. >> reporter: here is the crazy thing. they missed on the top and bottom lines yesterday the results don't matter

first question on the call, what will it take for you to break even in macao? the answer we're way past it. the ceo rob goldstein says they are positive the premium customer is leading the recovery then in terms of the volume and visitation, sands is out performing the other market. macao is the largest gambling hub, at least before the pandemic in the last two weeks, with lunar new year, it is seeing a surge of visitors since the covid restrictions have been lifted from mainland china and hong kong. the average daily visit arrivals reached 51,000 per day since the start of lunar new year. that is a surge of 17% over a year ago this time macao was averaging 15,000 v visitors last year

it has done a 180. in singapore, sands set records in gaming revenue and retail revenue in spite of cost with labor and inflation because singapore has the high value customer coming in and spending. when i startedi covering casino, i heard sheldon say yea div dividends until yesterday. they are not saying when they will reinstitute it, but they are factoring in when that might happen a bit of good news for shareholders >> first up and in my next life, i want to be contessa brewer i'm in the desert of west texas covering oil and gas that said, that said, do we have an indication of whether macao

is really, really back macao reopens. it closes. they reopen. they close it feels like this time is different. >> reporter: i think the fact they relaunched the program where people can file for visas electronically is a big deal one thing they have to grapple with here is sands said yesterday it cannot fully reopen to capacity its properties it is down thousands of hotel rooms and suites because it doesn't have labor it needs to accommodate the crush of visitors we heard that from other operators in the market as well. they were sold out for lunar new year, but part of that is drawing down on the operating capacity to make sure they have the people in place to accommodate the guest expectations >> we also talk about macao.

by the way, how is vegas >> reporter: fantastic >> always hit on 17. how is it doing? >> reporter: it's great. they have a packed calendar this year they have sports and entertainment and the convention calendar con-agra coming up i think the indications are we will see vegas firing on all cylinders. that is good news for the largest operators on the strip >> the flights from newark to vegas have the highest per capita of sweat suits and people holding large stuffed animals or pillows -- that's my personal opinion. >> takes one to know one >> i may know one. no judgment. contes contessa, thank you. i appreciate it. as we head to break here on thursday, watching shares of

s.a.p. falling this morning. german software giant will cut 3,000 jobs and explore the sale of the smalleromny c cpa qualtrics. we're back after this.

♪

♪ a cyber-attack can grind everything to a halt. cisco security keeps your company moving forward. because if it's connected, it's protected. cisco. it is all about earnings and it is all about you.

the consumer with so many numbers on deck. tesla showing off big sales. record revenue elon musk says tesla is firing on all cylinders so to speak >> so far in january, we have seen strongest orders year to date than ever in our history. currently seeing orders twice the rate of production. and just weeks after being reinstated on elon musk's twitter, meta is reinstating former president trump's accounts it is thursday, january 26th this is "worldwide exchange. welcome or welcome back. 5:30 the trump facebook news will give political media fodder.

i'm brian sullivan thank you for joining us weather wise, it will be cloudy with the high of 46 degrees today. i don't know why i threw that in there. if i was waking up, i would want to know the day. cloudy and 46 in new jersey and new york here is the forecast for stocks. also a little bit cloudy or mixed i should say nasdaq futures are higher at 58 points dow futures down 22. a mixed trade. oil is higher off the cash close, but $2 lower from a few days ago oil back above $80 a barrel. it has been a couple of days gas prices are back on the rise around america you might want to fill up sooner than later if you are one of the four people with a gas powered car. let's talk tesla popping after beating on earnings and revenue for the fourth quarter this may be an even bigger headline tesla saying it may be able to produce 2 million cars this

year that said, tesla adding a caveat that average sales prices have been sliding for years that affordability could be key going forward. let's talk about this with george gianarikas. george, it feels like tesla numbers, while not awful, but expected the worst and we got less than the worst. what is your read? >> that's exactly right. you know, elon musk and the management team told us the sky is not falling people expected bad results and worse guidance they came out and said they cut prices which everyone knew a couple of weeks ago in response to demand weakness guess what orders responded you played the clip earlier. the orders were the strongest you have seen in the company's history. importantly, what they said,

despite the cuts, gross margins would hang in there. they would be down in 2023 according to guidance, but there were fears they would hit the mid teens and below 20. the cfo said we will not break 20% in the auto gross margins. that is a welcome message. our earnings next year or this year were not impacted we have a lot of confidence of $11 plus in non-gap earnings in 2025. >> they noted that their order rate was the strongest its ever been it is two times production capability more people want a tesla than can get a tesla. why have they been cutting prices >> as you recall, at the end of last year, the stock ended terribly in response to the indications of demand weakness it started in china.

there were several data points toward the end of year where demand fell off. the weakness crept into the u.s. and the rest of the world. the company has to respond and they cut prices. lo and behold, the market responded and orders picked up in january people were really worried what profitability would look like. it is not as bad as people thought. >> i don't cover the auto sector, george i like cars. i don't know the margins of ford or toyota or gm. maybe you do if i look at a gross margin of 25.9%, that doesn't sound horrible how is tesla's margin stacking up >> they have the best operating margins in the auto industry what is really, really important about this story is that as they

cut price, what they are doing is seating the market price with upgradeable units. they make 25% gross margin which is $10,000 or $15,000 a car. when they sell you the car, there is an option you upgrade with self-driving software they can more than double that gross margin based on you clicking a button and buying the full self-driving software we call it the razor blade model. they sell razors, but they hope you buy that razor blade to double the gross margin after you bought the car >> i mean, listen, elon musk is a polarizing figure. tesla is dead. apparently they're not george gianarikas, thank you

>> thank you all right. outside of that, let's get a check of the top stories and more fallout for southwest airlines silvana is back with that. >> brian, southwest facing more fallout over last month's holiday travel meltdown. don department of transportation says it is in the early stages of the investigation transportation secretary pete buttigieg has previously vowed to hold southwest responsible for the investigation. and ceo bob jordan will discuss this in a first on cnbc interview at 9:30 a.m. eastern. morgan stanley is sigfining some of the bankers up to $1 the million each employees on messaging

platforms. the size of the fine is based on the number of messages sent and a banker's seniority. and toyota facing a c-suite shakeup. akio toyoda will step down toyoda is the grandson of the founder and served as ceo as 2009, brian. >> silvana henao, big announcement there a lot of car news this morning thank you very much. >> sure thing. first it was twitter now facebook allowing former president trump to return to its platform and instagram after nearly two years suspension. it announced the decision. the meta president of global affairs saying the public should hear what politicians are

saying the good, bad and ugly let's talk more about it with fellow jimmy pethokoukis and cnbc contributor oh, to be in political media jimmy, if i was host of a political talk show, this is going to give me fodder for days what's your take >> it combines things they love to talk about which is social media, all things in moderation, right and wrong and plus the president. in the case of facebook, cert certainly, this is not an issue of donald trump can get the message out. twitter was more important for that he hasn't gone back to twitter yet. for the former p preresident, i a matter of him raising money. for the complaining of facebook having an anti-republican or

anti-conservative bias, it was industrial for the former president's political per perfo performance. some democrats will howel. it is a fund raising issue for trump. >> facebook, as far as i know, jimmy, mark zuckerberg is still in charge. same guy in charge when they suspended trump. what changed >> we got distance from january 6th. second, i don't think it was ever tenable if trump made another presidential run, they will enable to keep him off the

largest social media platform. i don't think that was a viable position you can already see although you have democratic politicians and pundits complaining. aclu says this is a move toward free speech. i don't think they could have done it. they changed the system. they had time to create guardrails and plans and they want to amplify certain posts. that is key. if there is a lot of subjectivity and judgment, there needs to be framework that people are aware of so it doesn't look like zuckerberg says he's gone he's back. there looks to be a process. >> how does facebook and twitter, if trump comes back, thread the needle. so president biden, through his account or the white house account, are tweeting a lot. i don't know why, but the twitter volume ramped up the president tweeted something about electricity prices going

down maybe somewhere, i'm not sure where. it is electioneering how does facebook mediate trump? trump comes out and says something potentially crazy and violent and risky and insane or wrong, how do they moderate that how does that not get spread around >> adjust the algorithm or suspend him. doing that right now when technically he is running, but the race hasn't heated up at all. that's fine. imagine doing that if he is the gop nominee in october of 2024 you think like political shows are talking about this issue now? they will go insane. i assume facebook had conversations and say we need to

be prepared to do that which is why they created the different option and maybe suspend him for a day. created different options for them inevitably, unless the president has gone through a personality transplant, that moment will arrive >> it's going to arise and more contr controversy. why did you not amplify this versus that? it is electioneering a sticky slope i see it on both sides jimmy pethokoukis, i appreciate your views oh, to be a political commentator today. jimmy, thank you. time for the morning rbi today, let us dive into what could be very good news for europe and the global economy and germany in particular. they may make it through this winter and maybe even next from the energy perspective check out these two charts from

deutsche bank. german natural gas storage has never been this high in the end of january the orange line. at 100%. you see it is higher than last year, the blue line, when russian pipeline gas was still flowing. last year, of course, the lower line that is great news as we reported from europe late last year, the worry was not about this winter, but the coming winter of 2023 and 2024 when europe and germany has to fill up with no russian gas flow at all because the pipelines would be shut off or blown up. deutsche bank says based on levels and shocking warm weather, germany may make it through next year with sufficient natural gas supplies. that would be incredible

it is largely thanks to what is incredible weather what really hurt europe last summer was brutally hot weather. warmer weather has now been a savior this winter europe has been much warmer than usual. that means gas demand to heat or whatever, has gone down by lot people don't need to crank the heat and gas to warm their homes as much. in fact, barclays notes there has been 10% fewer heating days lately than the five-year average. you see from that chart, i know, it is hard to read that blue line is what you want to look at much depends on the weather. if it gets cold or hot, the levels could be drawn down to risky levels deutsche bank sees good news and may help europe avoid recession. let's hope so. i have highlighted the risks

many times on this issue from here and from europe nobody wants a bad outcome that's why we talked about the importance of europe buying the giant loads of american natural gas. by the way, getting a load of lady luck from mother nature ironic that the weather saves europe that is random but interesting and good news. let's talk more about europe's energy crisis and what is happening in the united states welcome back in neil chatterjee. he joins us now. neil, good to have you back on it is good news. you know, i was there saying this could happen if the weather turned lousy do you feel europe is the all-clear sounded or is there still risk >> there is no question it is good news. they are not out of the woods by

any stretch. the chargers had a 27-0 lead and got caught quickly >> don't talk about with them. >> europe benefitted from good fortune with good weather. coupled with the storage levels are high a lot of thatis due to rationing and softening demand over the summer. plus, they filled their storage reserves with russian gas when the russian gas was still flowing. you add on to the fact that china demand has been down due to the fact they hadn't fully reopened from covid. these were all favorable circumstances. these circumstances can change in a hurry no more russian gas flowing in china could reopen which would really make lng tight again. >> i don't know why you got to bring up the pain of my chargers

into this, neil. i hear you just the other day, i think i tweeted something out. you retweeted it the head of germany saying they need massive amounts of lng to fill that gapwhich is good new for america. the other story here is not -- maybe i've made too much on storage and not enough on price. you can outbid others for the gas. if you are paying six times what we're paying, you wonder how long that is sustainable you look at theuk. their public debt is soaring because they have to subsidize the cost of the energy disaster. >> that is why u.s. lng is so important to this equation due to the structure of our contracts, you can redirect shipments. you can re-sell cargo. that is really helping in terms

of not just fsupply, but keepin the price manageable as we ramp up u.s. lng exports, that will help on the supply side and price side as well. u.s. lng is crucial at this time >> let's talk about nuclear, neil it is one of my favorite topics. i know it is not perfect there are risks. you have to get uranium which is highly dangerous and lasts forever. you have to figure out what to do with the spent roadsds and uranium when it is over. we are obsessed with wind and solar. they can be great on the secondary side why aren't we having more grown up discussions about nuclear power? we're still talking about shutting them down than opening

up what is the actual reason? i can't find a logical reason why. >> i'm old enough to remember in the late '80s when we were talking about the potential for the nuclear renaissance in the country. doubling the number of plants we had. we have gone in the opposite direction. we're shutting plants. a lot of factors contributed to that we had the post-fukushima disaster in japan. you mentioned wind and solar as wind and solar became more affordable and natural gas put price pressure on nuclear which strained the industry. we sort of started to move away from the single greatest form of carbon free base load generation i don't think we are on the press cipice of the nuclear ren

adv - renaissance. there is a recognition of nuclear power. just recently, the nuclear regulatory commission approved the first small modular reactor design it is small nuclear. it is scaleable. it is exciting and could lead to the carbon-free nuclear future we have been talking about for some time. >> the diablo canyon i california is over 9% of the daily electricity. you wonder if you shut that off and where do you get the power for california i love that, neil. we should do a deeper dive neil, i appreciate you coming on "worldwide exchange. >> thanks for having me. despite bringing up the chargers, which -- yeah. i lived in san diego as a kid. we used to go to the beach there. on deck, delancey wealth's ivory

johnson reading the tea liveave in this week's earnings. dow futures up 11. naaqsd up more we're back right after this. “dr”] [music playing] ♪ imagine something of your very own. ♪ ♪ something you can have and hold. ♪ ♪ i'd build a road in gold just to have some dreaming, ♪ ♪ dreaming is free. ♪ accenture, let ♪here be change. prizefighter... ...meets trailblazer. ♪ ♪ classic meets modern.

♪ at morgan stanley, we may seem like a contradiction...and we are. ♪ ♪ at 87 years old, we still see the world with the wonder of new eyes, ♪ helping you discover untapped possibilities ♪ and relentlessly working with you to make them real. ♪ partnering to unlock new ideas, ♪ to create new legacies, ♪ to research, innovate, collaborate, ♪ and build the way to transform a company, industry, economy, generation. ♪ because grit and vision working in lockstep

puts you on the path to your full potential. ♪ welcome back time for the "wex wrap up. six stories you may have missed. here we go ibm with the biggest annual sales jump in more than a decade the company announcing it is cutting 3,900 jobs. tesla's elon musk is bracing for a downturn this year and

preparing for recession. and subscription sales falling short for service now. the company projecting a strong year ahead. levi jumping for the fourth quarter. the company also issuing up beat guidance stock up 6%. lam research is cutting 7% of work force. the ceo expects the chip market to sink by $20 billion from one year ago get this chevron revealing a $75 billion stock buyback program. it is also raising dividend by 9 cents a share to $1.51 chevron stock up under 3% on that news. let's get back to the markets and your next guest saying that earnings growth is partly negative because negative

real income is putting pressure on profits he believes the consumer is struggling more with higher costs and he remains defensive ivory johnson is the founder of del delancey wealth management good to have you back on how do you view the macro right now? >> so, incomes might be going up, but not keeping pace with the cost of living adjustment. that's why you are seeing in the third quarter of last year 47 million new credit accounts open 15% decline in retail sales. i saw the 40% of americans are having a difficulttime paying their basic house expenses since consumer spending is 70% of the economy, that is core corporate profits. this is happening when wage growth was high.

any time wage growth is high, it constrains corporate profits and they lay people off. that is what you see now. >> you are right i know the data on inflation is coming down, but i don't know about you, ivory, when i look to buy anything, that is not cheap. that said, i hate the worst part of the job is when i go on the air like i just did before you and say sales are at a record high -- by the way, the same company is laying off a few thousand people. it stinks. you wonder what message they are sending by doing that. are they predicting a downturn >> if you look at the employment cost index, it was somewhere around 5%. those are elevated levels. wages are, you know, the biggest expense a company has. they are laying people off because it is restrictive

corporate profits. i don't know it will moderate any time soon. they are laying people off because of what it has done to corporate profit and earnings growth be negative this quarter. i imagine it will be negative next quarter as well until we get to the second half of the year >> is it possible this rally that we see this year is because things aren't as bad as the worst estimate why have we been so strong the last few weeks >> the assumption the fed will moderate on how much they raise interest rates i caution investors to know during the dot-com crash, we had 10 or 11 rallies where the market went up by more than 10%. a couple of times up by 20%. nasdaq ultimately declined by 79%. so let's be clear. we had a 25-year regime with

artificially low interest rates. that has been reversed think about the present value for the cash flow for the company. interest rates go up, the present value goes down. the rate of return the cap rate i think what hasn't been discussed is the refinance problem that the government will have let's not forget that we've got over $24 trillion in debt held by with the public $7 trillion has to get refinanced in fiscal year 2023 that is march. if the government has to pay additional 175 basis points, that is $120 billion a year in interest payments for one year that is 15% of the defense budget we talk about consumer spending being 20% of the gdp, government spending is 20%. we have issues at hand and how we keep spending the money we do >> well said

debt keeps going up. payments going up. they are giving us the hook. i got the music. anyoy johnson, i appreciate it thk u. we'll see you tomorrow on "worldwide exchange. "squawk box" is next per empl even if it received ppp, and all it takes is eight minutes to get started. then we'll work with you to fill out your forms and submit the application; that easy. and if your business doesn't get paid, we don't get paid. getrefunds.com has helped businesses like yours claim over $2 billion but it's only available for a limited time. go to getrefunds.com, powered by innovation refunds.

good morning futures pointing to a positive open no small feat after what happened yesterday the strikesagainst the dow early on with boeing and microsoft managing to come back

from the decline of more than 400 points and close higher. the nasdaq stayed down yesterday. markets are about to get more economic data and earnings reports to drive today's action. it's like a beach ball market this year. tesla topping expectations ev maker reporting strong results to finish 2022 we find out what could be on the road ahead meta reinstating former president trump's facebook and instagram accounts trigger away it is thursday, january 26th "squawk box" begins right now. >> good morning. welcome to "squawk box" here o