it is 5:00 a.m. at cnbc. here is the top "five@5. we begin with stocks trying to stake a comeback dow having the longest losing streak in months right now, futszures are higher. a new issued warning from chanos they are not over yet. and shares of nvidia getting shifted into high gear we have ahave another look comi.

and the second year tof the conflict in ukraine and what it means for you. and the new proxy war has just begun it is february 23rd, 2023 and you are watching "worldwide exchange" here on cnbc good morning welcome to "worldwide exchange." i'm frank holland. let's kickoff the hour with the stock futures after a bit of a mixed day. the dow posted its second down day in a row right now, futures are solidly in the green if the dow opened up right now, it could open up 100 points higher however, it is very early in the trading day. we want to check on the bond market with the 5 and 10 yields trading at the highest since november 4.14% for the 10-year2-year tre.

the 10-year treasury is 40 points higher. we will have more on this rate shock for the u.s. housing market later on with robert frank. weakness in oil continues with wti lower than yesterday. however, up this morning brent crude at $81 turning attention to the crypto market as you know, it trades around the clock. looking at crypto. bitcoin below $25,000. up 2% this morning ethereum up 3% down here is solana up 3%. time for the check on this morning's top corporate stories.

silvana henao is here with those. good morning, silvana. >> frank, the justice department is closing in on google maps business reports over anti-trust officials meeting with the competition and google customers to choose best witnesses for the lawsuit targeting the dominant position in the space. political reports more meetings are expected with the lawsuit coming before the end of the year dan loebs third point is launching a proxy fight over bath & body works. third point disclosed a stake of 6% in december and says it plans to nominate candidates for the board and including one shareholder representative wells fargo is laying off mortgage bankers as a sweeping round of cuts over the strategic shift. the layoffs were announced earlier this week and impacting

some of the bank's top producers, including those who surpassed $100 million in loan volumes in the past year frank. >> we will follow that story silvana henao, see you later on. let's get to the big stock mover. nvidia focused on a.i. executives say they will focus on 1 million percent we have tech reporter arjun kharpal with more on the story >> reporter: frank, it is nvidia getting caught up in the a.i. hype with chatgpt. the company bidding on the top and bottom line. the forecast got investors excited. $6.5 billion ahead of consensus. one bright spot is the data center the chips for a.i. applications and revenue up 11% in the division year on year.

the ceo talking about chatgpt and a.i. chatbot announcing to sell services directly to consumers via cloud computing companies. the chipping are key to a.i. applications you saw the weak pc demand we feel a.i. is key for future growth for the coming quarters the ceo addressed that on the earnings call. here is what he had to say >> the accumulation of breakthroughs has brought a.i. to the inflection point. the capability has triggered a sense of urgency at enterprises around the world to develop and deploy a.i. strategy >> reporter: another bright spot is gaming. revenue fell 46% year on year

because it shipped fewer chips, but the company said gaming is recovering from the post-pandemic down turn. that was a positive. nvidia getting a big tailwind from the a.i. hype investors are betting that nvidia's chips and software are going to be key to a.i. applications in the future fr frank. >> another question. they talk about the new g force product with microsoft >> that was a fascinating deal announced this week. i was in brussels when the deal was announced. this is part of microsoft's bid showing it is willing to work with others in pursuit of the activision takeover. this is a cloud gaming platform. a netflix style gaming platform. the success to these cloud

gaming platforms are going to depend on the titles and games they offer customers by microsoft bringing all of its titles on nvidia's platform makes it attractive. it has 25 million members on gforce at the moment it is looking to boost that. microsoft did say if that activision-blizzard did close, it will bring it on the platform it would be a boost for the company if that happens. it boosts the competitiveness in the gaming market. >> arjun, thank you. great to see you nvidia shares up 53% year to date thanks turning attention back to the broader markets and rally to start the trading year losing steam recently. the nasdaq and growth names holding up strong. speaking with cnbc yesterday,

jim chenos questioned the market rise year to date. >> we continue to see rallies being led by lower quality stocks that was the case in january similar to october and similar to august and march. we get these relief rallies and people cover shorts and chase momentum then things sort themselves out. >> for more on this, welcome in max wasserman at miramar capital. thanks for being here. >> thank you >> we heard the chanos comments. lower quality stocks leading to the rally. short selling and other factors. you heard what he said what is the take on the rally this year especially with tech and are those comments influencing or similar to what you think about the tech stocks? >> what we see happening is the

market has been bullying the fed to cut interest rates or slow it down and look for reversal in the second half of the year. that is fueling the market in the last month and a half which has been expectation of reversal in monetary policy when you have that, you have momentum chasing high growth stocks you see the lower quality stocks are not performing better. for us, we don't agree with that we think there is plenty of information out there to led the fed to believe to stay on the course and tighten interest rates. we think the nasdaq is ahead of itself we think interest rates will stay on the higher trajectory. >> it sounds like you are fine with the fed minutes that came out yesterday. in the minutes, the members believe ongoing hikes will be necessary. the markets had a mixed response is what you earn changing how

you balance portfolios or thoughts about bonds >> for us, we are long-term dividend investment. it will not change our point of view because we believe the fed will stay the course the fed we thought would do a reversal and we would add more as they call aggressive into the portfolio dividend growth wise we don't see it. we think the fed is telling us with higher retail spending and lowest employment rate and lowest unemployment rate in 53 years and they are seeing wage inflation. the fed will continue. we think that will put pressure on higher growth stocks. it benefits the dividend growth payers now we think the fed, from our perspective, is doing the right thing and we are vesting accordingly. >> you are emphasizing dividend focused investor two stocks yesterday

deere raising and nvidia sla slashing for the audience, as a dividend-focus dividend-focused investor, how does that change your thoughts >> we look at the strategies when we see companies expressing they will cut dividends or lowering dividend growth rates substantially, we will look to exit the company if they do a hard cut like intel did, we're gone.vest in compani the way intel is doing it. there are profit margin issues and volatility with earnings they are not committed to the shareholders capital intensive at intel we knew they were hurt hard. we look for companies like deere with a lower payout ratio and increase in the dividends. we have a hard and fast rule if you cut your dividend, we're

going. that tells us you have a long way to go to climb out of the mess you put yourself into the capital intensive companies cannot operate with 80% payout ratio and volatile earnings. that scares us we go to the sidelines immediately on the dividend cut. >> we have to get going. we have a role on wex. give us one pickof the dividen paying stock you would pick today. >> there are several of them we like healthcare abbvie has done extremely well >> just one. >> just one. we say healthcare. abbvie. >> thank you max, thank you very much for being here i appreciate your time. when we come back on "worldwide exchange," it is not just nvidia, but a rough report for lucid motors and then others are warning of a financial reckoning if the

economy slows down robert frank is here to tell us more and the stock down 20% since december and w nhyow may be the time to buy into china a very busy hour when "worldwide exchange" returns. stay with us what if you were a global energy company? with operations in scotland, technologists in india, and customers all on different systems. you need to pull it together. so you call in ibm and red hat to create an open hybrid cloud platform. now data is available anywhere, securely. and your digital transformation is helping find new ways to unlock energy around the world.

the eagle has landed. that's one small tran step for man...lping hey, what's up? uh... houston... we have a situation. how did you get here? you're characters in our video game! video game? yeah, it's what we do with xfinity 10g. it's like, you know, the best network imaginable. what the heck is that?

those are the bad guys. are they friendly? the 10g network, only from xfinity. one giant leap for mankind. welcome back time for the big money movers. we have etsy shares are up after fourth quarter earnings missed estimate

revenue beat forecast for home goods, and clothes and jewelry the marketplace expects first quarter revenue to be in the range of $600 million to $640 million. estimate is $621 million shares up 6% e bay's fourth quarter profit fell that includes are the u.s. and europe results did still beat forecast. the revenue outlook is above expectation. it is warning demand will decline in the first half of 2023 it is not providing guidance for the full year. 5%. finally, lucid with the fourth quarter loss and sales missed estimates. it reported a drop in orders and weakening demand it expects to produce below what analysts have been expecting. and coming up on "wex.

dairy with oat or otherwise? top trending stories ahead when "worldwide exchange" continues. stay with us go emerson software. go science people. go breakthrough meds and safe science. go space age welds for super silent cars. go big. or go home. from software that delivers new cures at warp speed, to technology that makes clean energy reliable, emerson innovation helps make the world healthier, safer, smarter and more sustainable. go boldly. emerson. (swords clashing) -had enough? smarte-no... arthritis.nable. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme.

if your business kept on employees through the pandemic, getrefunds.com can see if it may qualify for a payroll tax refund of up to $26,000 per employee. all it takes is eight minutes to get started. then work with professionals to assist your business with its forms and submit the application. go to getrefunds.com to learn more.

any questions, chris? all good, thanks maura! there you go, one new inhaler! nice did you get my refill too? maybe healthier is auto refills and delivery made easy. you're a lifesaver. have a nice day.

welcome back. the new cnbc programming lineup. big changes with this show and more reasons to live ambitiously. let's get a check of the h

headlines with phillip mena in new york. good morning, frank. the suspect in the shootings in orlando has been captured. police arrested keith melvin moses after three people were killed in three incidents. the rampage started yesterday more than when a woman-- mornine a woman was shot and killed. the suspect then evenntered a h and a mother and daughter died. we are getting a closer look at the chinese spy balloon shut down this month. this photo here was taken from the spy plane as the pilot tracked it over the u.s. the spy balloon flew across the country after being shot down off the east coast and recovered by the military. finally this morning, millions are still under winter alerts from the massive cross country storm. out west, blizzard warnings for

northern los angeles county for the first time in 30 years the severe weather is snarling travel with more than 2,700 flights canceled wednesday today, already over 1,300 flights grounded in minunesota, crashes and cars sliding off roadways stay safe out there. frank. >> winter weather can be dangerous. phillip, thank you. turning attention back to your money and main reason the economy appears to be holding up well consumer spending and lowerer t -- lower taxes. this could have expensive ramifications. we have robert frank with more on the story good morning, robert >> good morning, frank 43 states provided tax relief which put tens of billions of dollars in the pockets of

consumers. what happens when the tax checks run out? of the 43 states with some form of relief, 21cut income tax rates. iowa is one of the biggest cutting from 8.5% to a flat tax of 3.9%. big cut for them georgia going from top rate of 5.75% to flat tax of 4.99% a dozen states are considering new tax cuts just this year. connecticut governor lamon it is p-- lamont is pushing up o one percent. most of the tax cuts were one-offs like rebate checks or gas tack x holidays since they are not likely to be repeated this year, that tax windfall may fade. california would send out checks

over $1,000 last year and now projecting a deficit of over $30 billion. frank, this was easy when states were getting hundreds of billions of federal aid. now the aid is running out and the question is what happens if is there a slowdown and the money that helped consumers so much starts to fade. >> huge swing for california sending a check to a deficit the natural question is are states preparing for a slowdown? >> great point great to mention california. california had been projecting eternal revenues based on the incredible performance in the stock market in 2021 the first part of 2022 as well they are unlikely to see that. what is good about the states going into a slowdown is that combined they have rainy day funds of over $130 billion they saved and pocketed away.

if there is a slowdown and drop in revenue, they have that if it is severe and sudden s slowdown, they may have second thoughts >> thank you, robert. why the new look of google corporate offices are starting to look more crammed. if you haven't already, check us out on apple or spotify or other pcaodst apps. "worldwide exchange" will be right back that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪

it is 5:30 a.m. in new york. we are just getting started on "wex." stocking seeking fresh momentum. the one sector that is quietly trucking along. the invasion of ukraine one year on. we dive into the bread basket. and going, going, back to cali elon musk and the california governor looking to the state despite the criticism. it is thursday, february 23rd, 2023 this is "worldwide exchange" on cnbc i'm frank holland.

thank you for waking up with us. let's check off the futures. futures in the green s&p up .50%. nasdaq up .30% we want to watch the bond market with the 5-year note at 4.15%. let's turn attention to the state of industrials this market is booming over the last month up 19% one of the trucking names that is booming as investors are trying to figure out if the freight market has hit a bottom and the inconveniventory will c. they are up 20% from the p

pre-pandemic levels. the ceos tell me the other rates are higher and tfi and old dominion are switching to just in case inventory to just in time. that is relying on less shipments. it is a trend that will last into next year >> it is strong. we think about 2023 and we are still close enough to the destruction of 2020 and 2021 there will be more elevated inventory for a just in case mindset. probably the same for 2024 >> according to the data index, that increased inventory started in 2021 and 2022 the trend is continuing this year

trans pports are under performig a company that makes containers for overseas shipping. let's get to the top stories with silvana henao you are back with those. >> frank, let's start with google the company is asking employees to buddy up and share desks. cnbc heard google is asking par partners to make the move. google is asking desk mates to alternate days in the office the union representing fedex pilots is one step closer to the picture line -- picket line. a strike would occur only if negotiations breakdown and the

federal government authorizes a walkout. and elon musk expanding tesla in california. he met with the governor to tour the headquarters in palo alto. musk has been vocal with the business environment and offered fresh criticism. >> we think california should be cautious about having taxes and regulations go too far i'm not anti-california. one has to strike a balance here and see good things about california and there are challenges you know, california, i think, could make it easier with manufacturing. you know, i encourage legislators to continue actions. >> musk moved tesla headquarter

to texas in 2021 >> you know, the california governor and elon musk with a frenmy situation silvana, we have to hang out a l lot. silvana henao, thank you turning attention back to the look at russia's invasion of ukraine. one year since vladimir putin launched the offensive it is causing problems for the food supply chain. a number of people facing food insecurity rising to 345 million last year. we have julianna tatelbaum with the look at the impact of the bread basket of europe >> frank, good morning ukraine is often referred to as the bread basket of europe more than 55% of ukraine's land

area is agriculture. it is the world's largest producer of sunflower oil. the prices surged in the invasion thanks to a deal brokered by the u.n. and turkey in july, a safe grain corridor happened to help lower prices here is here we are after surging $200 per ton last year, s sunflower oil has come down from the march 2022 highs prices clearly do remain elevated and still a significant backlog. the situation is far from solved now. things have not deteriorated to the extent feared from the early

days of the invasion frank. >> how has this impacted grocery prices >> frank, to answer that question, let's take you to energy markets we saw a significant rise in energy prices and in turn fertilizer prices in the aftermath of the invasion. this had a major impact on farmers globally to deal with the high input costs, many were forced to cut crop production which sent food prices higher. we have seen grocery prices rise for consumers. for farmers, european natural gas prices have tumbled below 50 watts per hour the hangover from the surge of input costs over last year is far from over with many staples near record highs. frank. >> julianna tatelbaum. thank you for that deep dive in the impact on the food supply chain. let's continue the discussion on

the supply chain one year after the invasion of ukraine. we have veronica nigh with us. >> thank you for having me. >> julianna laid out the issues following the invasion of ukraine. spike of corn and wheat and soybean oil other agriculture products where are we witin the demand of prices >> all of the commodities are global commodities in the u.s., we are gearing up for planting season. all of the prices are determined in the global market all eyes are on what is going on in south america will brazil and argentina have small crops or large crops as we look at projections in the wheat market, we are looking at projected ending stock which is

the amount of wheat leftover after all uses at the lowest level since 2016 and 2017 in the corn market, that is about the same the commodities remain tight certainly very weather dependent which is not the place where we like to be >> we don't want to be in that situation. ukraine is the bread basket of europe a recent report estimates that the ukraine farming industry suffered 6$6.5 billion of damage since the conflict i know you are focused on the united states, how long would it take for things to get back to normal in ukraine? >> that's a great question it certainly is not going to be tomorrow unfortunately, the amount of damage that's been done is going to take years to undo.

we look at the damages estimate and over 84,000 pieces of farm equipment which have been destroyed. they are looking at land mass larger than the state of georgia in the united statesriddled with land mines. most of that is agriculture land it will take a long time to get those areas safe for farming at the level it is used to be let alone the damaged infrastructure of the roads and ports. this is a multi-year build back for the ukraine agriculture. a problem for global supplies of agriculture products for a long time >> veronica, i want to shift focus back to the united states. globally, the highest food prices on record a major concern with food security on a human level. on a bus liness level, what does it mean for farmers?

is this a boom time for the u.s. farming industry >> the last report spoke to fertilizer prices. that continues to be an issue. farmers are continuing to see input prices led by fertilizer continue to be high. fertilizer is a global commodity and good portion from russia we're seeing continued disruption in the fertilizer markets which end up increasing food prices and unfortunately for farmers, there is not a lot of room to absorb the input costs. they end up in higher food prices agriculture production is a long process. unfortunately, we look at those high prices having a long lasting impact on food prices. even when they come down, you see the long line of prices reflected at the grocery store. >> veronica nigh from the

american farm bureau. coming up on wex, what alibaba means for investing in it chinese equities. as we head to break, dairy milk farmers up in arms. guidance on how brands should identify plant based mimilk almond and oat milk, but it needs to be explained how it compares with dairy. and apple tbelieving they cn bring glucose monitoring to market and help establish apple as the power house in health care and the biggest decline in 2008 after the peak of $47.7 trillion in real estate. the value of homes declining by 5% from the second half of 2022. big change there

"worldwide exchange" is coming back in a moment we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

my name is douglas. i'm a writer/director and i'm still working. in the kind of work that i do, you are surrounded by people who are all younger than you. i had to get help somewhere along the line to stay competitive. i discovered prevagen. i started taking it and after a period of time, my memory improved. it was a game-changer for me. prevagen. at stores everywhere without a prescription.

(swords clashing) it was a game-changer for me. -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. welcome back investors gearing up for alibaba earnings up 3.25% analysts expecting the retail giant to post the slowest ref

revenue growth the question is are alibaba problems company specific or a bellwether for the chinese economy? joining me now is vivian thurston >> good morning, frank >> people are looking at chinese equities with the reopening. this fund is ticker wbix it has alibaba, tencent and other equities it is under performing the u.s. market year to date. are you seeing a breakthrough? >> regarding the chinese internet company specifically, we believe the outlook at the company performance is volatile.

the key driver as you mentioned earlier is the china reopening remains an important growth driver for the companies we expect the companies earnings and properfits will continue to rise having said that, the regulatory back drop is something to watch. we have seen improvement of the measures around the industry so far. that is another factor we need to monitor closely the other piece is u.s. and china relations has impacted sentiment toward those companies. some of the performance was driven by the increased concerns over the u.s./china relations that impacts those companies >> we will handle those points again. i want to circle back to the reopening. a lot of us bought things online and when the reopen happened, we wanted services and experiences.

obviously reopening in china is a rising tide. will it left everything wequall? >> you raise a good point. china was in the sporadic lockdown in 2022 that impact and business sentiment was negative as a result, across the segments with the internet, with ecommerce and online gaming and online advertising with the decline or deceleration in 2022 over the previous years. online gaming and advertising started to the decline of the two industries in the last ten years. ecommerce in the low single

digit growth it was more impacted by the prolonged lockdown >> i want to focus on the u.s. tension with china how does that impact investing in the chinese equities? does that add to the idea? >> the sentiment impacts the risk premium when they look at the asset classes. in china specifically, as the investor gets more concerned with the relations, that tends to impact the risk premium which increased the discovery for the asset class and companies. we saw the value of the companies went down with other changes of fight earnings. >> vivian lin thurston thank you. as we head to break, we are celebrating black heritage with cnbc teammates and business

leaders. here is ceo robert rod ford. >> i know i'm here today because black leaders paved the way for opportunities for me and my generation i remember my early 20s on wall street vernon jordan and ray lewis. they were the example to me of what was possible. they gave me advice and confidence and motivation to pursue my dreams i'll work as hard as i possibly can to be an emp fxaleor others of what is possible. marriage. kids. co kids moving back in after college. ♪ finally we can eat. ♪ you know you make me wanna...♪ and then we looked around and said, wait a minute, this isn't even our stroller! (laughing)

you live with your parents, but you own a house in the metaverse? mhm. cool...i don't get it. here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! ♪ yeah, yeah ♪ (♪ ♪) how do we demonstrate our unmovable strength? (eagle call) nope. how do we show that we'll stand tall through the storms? nah. (thunder) how do we make our clients feel secure and- ugh... not lions. (lion rumbles) we do it with our people. people who've been looking after people for over 170 years. (vo) businesses nationwide are switching to verizon business internet. (woman) it's a perfect fit for my small business. (vo) verizon has business internet solutions nationwide. (man) for our not-so-small business too. (vo) get internet that keeps your business ready for anything. from verizon.

go. go brain. no, not that one. go this one. go optimizing data. go efficiency. go results. emerson's plantweb digital ecosystem is the brain for smarter, safer and more sustainable performance. go plant go. go boldly. emerson. welcome back time for the wrap up six story ies you may have miss. the ntsb will release the report

today on the train derailment in ohio pete buttigieg will visit the area today in the first visit since the incident nvidia beating on earnings as a.i. is at an inflection point. more businesses are buying to develop machine learning software. and justice department is moving forward targeting control of the data of google maps a lawsuit to be filed this year. and third point owns a stake in bath & body works wells fargo laying off mortgage bankers after rewarding some with the california retreat. this comes after cuts due to the strategic shift. and spotify announcing a dj

featuring curated music. gearing up on the economic front, jobless claims and gdp at 8:30 a.m earnings roll on from the likes of alibaba, beyond meat and warner bros. discovery we will have atlanta fed president raphael bostic and san francisco fed president mary daly speaking today. and let head out to simeon hyman with more. we saw the s&p slide a little bit, but investors are concerned about inflation and interest rate hikes what do you think you heard? >> the minutes were a smidge

more hawkish than what we heard from the fed at the beginning of february that is in line with the market. the world got slightly better. interest rates went up a little bit. so i think having the minutes consistent meant the market had assimilated a slightly softer or no landing scenario. >> we played jim chanos sound earlier. he believes the tech rally and overall rally has been pushed up by lower quality stocks. his words. what do you make with tech stocks are you putting money in there are there other areas? >> i think the challenge here is now we have stabilization of longer-term interest rates that you will not get a contraction in multiples or expansion.

if mull tiples are range bound, but still at risk with a mixed bag. the focus is on quality. consider how to he reengage wit technology you have to think about quality. that is a bit of a surprise application of a dividend growth strategy to the technology space. we have etf for the s&p technol technology dividend. folks are familiar with regular stocks, but it works in tech >> give us an example. >> mastercard and visa stable processing companies. the key is the signal of the dividend growth. job cuts are a one-off

buy backs. they say good times happen yesterday. the companies growing the dividends are bullish. >> speaking of dividends, deere and nvidia >> indeed it is like earnings surprise when a carbon ompany increases dividend, it is telling you it is confident in the future a cut tells you the opposite you never want to cut a di dividend they under perform not on the announcement, but going forward. it is an important indicator if a company cuts the dividend, it is a red flag >> yesterday was a mixed day futures are up today what do you expect following the fed minutes?

do you expect a delayed reaction in the markets >> we also had other information. i almost said fed chair yellen i think the economic news is a little better than people anticipated about six months ago. the earnings are absolutely at risk i think an eye on earnings is key here wi what we have seen is margin compression. we have 5% top line for the s&p with q4 almost wrapped up. minus 1% on the earnings front it is fragile earnings which is key to the story the multiple piece is set for 2023 >> i'll start calling you simon. thank you. great to have you here in person that is it for us on "worldwide

exchange." "squawk box" is coming up next ♪ at morgan stanley, we see the world with the wonder of new eyes, ♪ helping you discover untapped possibilities and relentlessly working with you to make them real. ♪ because grit and vision working in lockstep ♪ puts you on the path to your full potential. ♪ millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. to your full potential. that means millions are saving hundreds a year with the fastest mobile service. and now, get the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them...

right now, switch to xfinity mobile and save up to $800 on the new samsung galaxy s23 series. to learn more, visit your local xfinity store today.

good morning stock futures pointing to gains after a mixed session yesterday. now jobless claims and gdp data. a.i., the arms race. shares of nvidia and baidu getting a pop on the a.i. related news the best company's position to benefit. and google workers told to come back to the office and now some have to share desks and

rotate days with the desk mate that's nice. i have a desk mate it's thursday, february 23rd, 2023 this is getting sickening. "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are live from nasdaq center in times square. i'm andrew ross sorkin with joe kernen we have melissa lee with us. we have a lot going on becky is off u.s. equities at this hour you remember yesterday, we started one way and ended in a different way. dow is opening up 90 points higher nasdaq up 100 poin