it is 5:00 a.m. at cnbc global headquarters. here is your top "five@5." stocks looking to extend losses as treasury yields continue to hit multi-year and multi-decade highs. futures were in the red and now drifted slightly positive. long on vision short on details the main take from the tesla big investor day that stock under pressure ahead of the opening bell. moving in the opposite direction is salesforce.

marc benioff giving investors a reason to pause campaigns. plus, the esg backlash hitting capitol hill and very soon the veto pen on the president's desk details coming up. and another hit for the crypto industry as one of the biggest lenders questions its business viability and ability to remain solvent. it is thursday, march 2nd. you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for frank holland. let's check be on the u.s. stokt fut -- stock futures. you see the dow jones industrial average is implied lower by 14 the s&p down 25. the nasdaq down by 101 now we are off the worst levels

of the pre-market session right now, but still it is not a great start to the month of march. if you check on the bond market, 5 and 10 year yields going back to last november to the highest levels 10-year is 4.b04%. check the 2-year note and 5% it is the highest yield going all the way back to 2007 that is how far back you have to go for that 2-year note yield. 4.91%. a lot of dynamics driving the market on the energy side of things, oil prices continue to show at least some signs of stability, although u.s. benchmark crude for wti is up $80 a barrel

nat gas prices down 1.5% at $2.76. in crypto, bitcoin and ethereum are lower bitcoin is $23,405 that is just about flat. ethereum prices are flat at $1,642. let's get a check of the trading in europe with julianna tatelbaum in london with the late latest julianna, i have an idea watching the last hour of programming. tell others why we see so much red on the screen. >> dom, good morning in terms of the red in the overnight trade, it is a pull back after the strong surge we saw yesterday on the back of the stunning china pmi numbers a little bit of profit taking in the asian session.

hang seng pulling back this morning. the real issue is the cpi print which came out three minutes ago for europe eurozone inflation is easing, but not as expected. for february, the cpi for the euro has come in at 8.5% 8.2% was the expectation a little lower than the january figure still the theme remains the same inflation proving more persist sent than many expected. similar story to what you have seen stateside european equities are selling off and it has exaccelerated. dax down .60%. ftse mib down .50% ftse 100 is trading down lower as well. of course, this implication is for the ecb and investors pricing in more aggressive rate

hikes from the european central bank and bonds have reacted. we have seen a step up in bond yields with multi-year highs right now, the german 10-year is trading higher on the day. it is the same story across the european region. now we also have earnings to digest it is not all about the macro. let's highlight one in the beverage space $4.95 billion in the period over 7.5% higher year on year for in-bev they are managing to push through price hikes, but at the expense of volumes dom, back to you. >> 5:00 or 10:00 somewhere right now for in-bev thank you. let's get a check of the top stories with silvana henao

>> good morning. shares of salesforce with a better than expected forecast and surging. the cloud giant and marc benioff with relief over the company direction. that includes elliott management who is nominating a slate of new directors for the board. salesforce with sales of $8.4 billion. benioff says the company is reassessing the focus on profits and hitting the hyper space bus on joining jim cramer on "mad money" last night. >> you have hit the hyper space button we decided it is time to go. we are not waiting two years until 2026 to deliver this acceleration we are doing that right now. that is what is happening.

>> we are really looking at not just the short-term restructuring, but long-term restructuring. we are looking at profitability and productivity and performance. we are looking atholder relatio. this is the strategy that is why you see the amazing numbers. >> salesforce was already the best performing dow stock this year with this morning's gains, it should be extending that lead by a wide margin. tesla taking to the stage is elon musk with the master plan 3 at investor day. the presentation was short on det details, but a slew of other investors were able to shed light on the cfo he says it tesla is aiming to

cut costs by 50% in the next vehicle hoping to sell 20 million vehicles a year by 2030. that is up from 1.3 million. he says achieving that goal would eclipse toyota which would require $175 billion in new investment of which tesla spent $28 billion. dom, no details from musk or his team on what that next generation vehicle will look like only to say tesla needs to offer ten models to reach the lofty 2030 sales goal. >> silvana henao, thank you. we will the have more on the tesla story later on thank you. back to the broader markets. david einhorn with the negative view on stocks as the inflation and interest rates could push higher speaking on the "halftime report" yesterday, he says the fed has more work to do lifting rates further over what is expected. >> i think we should be bearish

on stocks and bullish on inflation. we moved from secular deflation and now we are in the inflationary era i think we are in a time that after a long period which was very good for financial assets, but maybe not so good for, you know, main street, we are in the reverse of that. >> einhorn added the fed made it clear it wants stock prices lower. let's bring in delano saporu good morning, delano you heard david's comments he is not alone. there are a lot of folks who believe the inflationary story is not yet done. what are the markets to do with the data if we know that there could be further inflation down the line >> good morning, dom thanks for having me i think investors have a couple of routes to go. one is to dig into the thesis and believe it could be possible

that inflation is, you know, not done and the fed has more work to do. i know the pricing in the next hike is starting to shift to 50 basis points you know, there is also the other side of the coin the data we saw that came out for january. it was quite robust and that could be part for seasonality and different things of that nature that were above expectation. maybe that continues the trend downward in the next set of data we will see which is why march is pivot al for the markets we still have upside as we go into summer. >> delano, the wordy he i hearda lot that i don't hear as much any more, but starting to hear is stagflation the idea you still have inflation despite a flagging and in some cases perhaps rece recessionary economy

is that a real threat and is that the reason the markets are in the churn mode right now? they cannot find catalyst for direction one way or the other. >> dom, that is a threat i think the markets are pulling back which is the churn we are seeing that could be some of that priced in with the data last month being priced in. i think on the one side where we had bright areas is the past earnings season. the fact that guidance for companies as you showed with salesforce who had a hard time during 2022 and trying to turn it around. guidance for companies is better we saw companies do better with costs. we saw companies now focused on how to, you know, live in an environment where demand is dwindling. stagflation is the worse case for stocks and everyone in the country. i think we can avoid if we continue to see companies do well in the environment which a lot of them surprisingly have

done better than we expected during the earnings season >> you have a favorite pick you have seen so far this earnings season anything bullish to take that stock pick as opposed to 5% yields on a 1-year treasury? >> i think investors -- 5% is the way you have money risk free rates we haven't seen in a while. i think investors are still looking at equities and look at what mega cap is doing look at the value stocks as well i actually thought it was interesting with the move that alphabet made. it took a dive with the introduction of the a.i. i think some of that re-rating will have upside because of the dive they took with the hype which died down. the company doing well over the last -- obviously for a while. you want to look at the valuation being re-rated

if you are holding this longer and things get better past inflation and rate hikes and you are holding a quality stock. >> delano saporu, thank you very much when we come back on the show, another ascasualty in the crypto market. and the bull and bear case for stocks with tesla. and we will have peter jackson talking about the outlook for earnings for sports bets apps. a very busy hour when "worldwide exchange" returns after this commercial break and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity

man: i'm not slowing down anytime soon. that's why i take osteo bi-flex every day. it's clinically shown to improve joint comfort in 7 days, and continues to improve over time. kinda like us. osteo bi-flex. because i'm made to move. i think i'm ready for this. kinda like us. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?!

well come back to "worldwid exchange." you see silvergate shares plummet in the pre-market as it raises concerns of solvency and ability to remain in business. cnbc reporter mackenzie sigalos joins us now mac, i have been chatting with some producers about the idea that i'm surprised it has taken this long for silvergate to make the admission with ftx and the nature of the business what is driving this right now >> silvergate had a similar

relationship with ftx. this is the reaction with the stocks silvergate is down 30% after the crypto friendly bank was putting off the annual earnings for 2022 while it sorts out the viability of the business. silvergate delivered the 10 k filing because of the regulatory crackdown. including the doj probe under way. the company had to do with outstanding debts. this, as you said, is not a shock. we have known for a while there were problems at silvergaither -- silvergate. it saw customer deposits plummet 68%. to cover those withdraws, s silvergate had to go to the home loan bank for $4.3 billion

that loan drawing attention from lawmakers like elizabeth warren who said this saw further risk in the industry. quick note here, dom, scitadel has taken a stake in silvergate. >> this is interesting let's put this in context, mac, what does it mean for the overall industry for the sector? are we expecting any kind of a contagion or knock-on effect here now the likes of what we saw cascade with crypto firms last year and one falling after the other? a domino effect? >> keep in mind that silvergate is one of two banking giants the other is the new york base

signature bank which has $114 billion in assets. silvergate is $11 billion. we are talking about a bank going under because it designed itself around the cryptocurrency sector they are looking at if they can manage risks with the digital assets silvergate has exposure to the big names in crypto which are still standing it was the go-to for the digital asset companies. it started working with coinbase on the program and ties to binance. investors are shaken and before the news that the 10 k wasn't coming, silvergate was the shorted stock on wall street this week. more than 80% of shares available to buy and sell were sold short putting it ahead of bbby and carvana. >> it means there is a

possibility of a short squeeze mac, thank you very much mackenzie sigalos, our cnbc tech reporter >> thanks, dom. ahead on "worldwide exchange," trouble in toy land with shares of funko notoong lki for a turn around any time soon. more on that story coming up rs with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity what if you were a trendy apparel company facing an avalanche of demand? to ensure more customers can buy more sherpa-lined jackets, you call ibm to automate your it infrastructure with ai . now your systems monitor themselves. what used to take hours takes minutes. and you have an ecommerce platform designed to handle sudden spikes in overall demand... as in actual overalls. ♪♪

this is ge aerospace, advancing flight for future generations. ♪ welcome to a new era of flight.

i think i'm ready for this. heck ya! with e*trade you're ready for anything. marriage. kids. college. kids moving back in after college. ♪ here's to getting financially ready for anything! and here's to being single and ready to mingle. who's ready to cha-cha?! welcome back to "worldwide exchange." time for the three stock stories

of the morning you have funko reporting a big earnings miss for the fourth quarter and tripling the loss expected by analysts as they yield margin pressures and inventory and supply chain the pop culture collectibles maker appointing a new cfo and coo for operating efficiency funko dropping pre-market. okta shares with strong revenue and profit guidance. the company saying clients are still willing to spend money on security related applications and one new customer is chatgpt which uses okta software for the log-in process okta shares up 14% shares of boxing moving in the wrong direction after weak

guidance for the quarter despite beating estimates in the final quarters of 2022 the pressure on the business is broad based. box shares down 11% pre-market nowthe flow of trade is a leading indicator are supply chain and inflation pressure this morning, one of the largest players in the space, msc, is shedding light old issues. we have lori ann larocco sitting down with the ceo and joins us now. lori ann, what is msc saying about the state of transportation and global economy? >> reporter: dom, msc is the largest container vessel carrier in the world it has 80% of the container market it is growing among contraction. they are optimistic on the second half of the year. >> we are seeing positive signs

from china we have seen positive signs from india. it gives me some belief by the middle of the year we will see normality and return to some single digit growth numbers. >> reporter: the rate of growth and trade depends on inventory levels he said the north america levels are still high, but signs of ocean bookings from china are encouraging. the u.s. is in good shape and strong jobs market and being a net exporter dom. >> lori, what do they say about the movement of trade to the east coast and gulf coast? that has been something we have been watching and talking about and anticipating for a while >> reporter: exactly the migration of trade is moving to these areas for a while they are building where the clients want to bring in cargo msc has been investing in a boom

in the united states building terminals in baltimore and new orleans as well as investing in los angeles. these are bullish signs on their outlook on the u.s. economy. these projects take years to complete and for returns to be made dom. >> lori ann larocco. to catch the interview, go to cnbc.com for the full interview there. still to come on the show, newly minted chicago fed president austin goolsbee in hot water in a possible conflict of interest. and the backlash hitting capitol hill and soon the veto pen of the president we'll have more details coming up after this break. with powerful, easy-to-use tools

power e*trade makes complex trading easier react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity

it is just shy of 5:30 a.m. in new york. we are just getting started here on "wex. stock stellar start fading in 2023 fading further as bond yields continue multi-year and mu multi-decade highs on fears the fed will go bigger elon musk not electricfying shareholders with investor day tesla shares under pressure this morning. a different story for salesforce that stock surging as the

company says even better days are ahead. it is thursday, march 2nd. you are watching "worldwide exchange" here on cnbc welcome back to the show i'm dominic chu in for frank holland this morning let's check on the u.s. stock futures which are in the red, but not by that much the dow right now drifted to positive territory the s&p is implied lower by 19 points the dow implied higher by a model 28 and nasdaq down 82. tesla driving that story i'll have more coming up turning to the bond market check the 5-year and 10-year highest since november by the way, the 2-year note at 4.9% is its highest yield going

all the way back to 2007 watching shares of salesforce, it is surging after topping fourth quarter estimate and a better than expected forecast. also says it is expanding share buyback program to $20 billion a number of different catalysts from the earnings report that is generating huge gains. 15% in salesforce. let's check the other top stories with silvana henao silvana. dom, expected to issue the vic first veto of the presidency the senate overturning the rule to allow retirement fund ma managers to consider esgs. joe manchin is up for re-election next year and passed the measure. a delaware court throwing

out a lawsuit claiming mcdonald's board members did not uphold the duty with the sexual harassment and misconduct allegations. this stems from the firing and severance pay from the former ceo for having a relationship with an employee and conflict of interest for the chicago fed and newly minted president austin goolsbee they helped find the new president is the wife of goolsbee and is an executive the bank did not acknowledge it until the statement last night following the questions by bloomberg. dom. >> thank you for the update. tesla shares under pressure on the heels of the annual inve investor day which was heavy on vision and light on specifics on products or services the company announcing it produced 4 million cars to date and reiterating the goal to

produce 20 million evs by 2030 up from 1.6 million in 2022. ceo elon musk taking the stage to present the so-called master plan part 3 and strategy to scale up production in the face of the gigafactory in mexico let's talk more about the road ahead for tesla with gordon johnson and pierre ferragu gentlemen, thank you both for being here let's start, pierre, with you on the positivity that you saw in some of tesla's investor day yesterday, if any. was there significant that got you excited? >> thanks for having me. yes, it was a very interesting and very rich day. very rich in terms of learning

i think what it did was having us in austin visiting the factory and spending time with a dozen members of the management team to go over a lot of what the company is doing today is giving us a lot of flesh which stands behind what you mentioned which is a plan to transition to an old renewed goal and 20 million units. ten times more the run rate with the factories today. and also producing energy storage capacity to get there, and make money on the way to remain profitable, there is really getting into the details of doing the story

credible what we saw was really what tesla is capable of doing and what the car manufacturers are going to struggle with which is the ability to innovate on what makes a car with the battery and the electric meter and the manufacturing process inside the cars and putting the path for the cars manufactured to date to come up with more efficient ways to do so that's really in all the details and flesh that comes around the vision which was useful for investors. >> pierre, that is the bullish macro case here. jo gordon johnson, we know you are not a big fan of tesla you have a dire outlook

overoverall. the rest of wall street is agreeing with you with the 5% to 6% drop in shares we are watching on the heels of investor day did anything happen yesterday to make you more bearish on tesla >> dom, thanks for having me here good to see you. let's talk specifics you have a bunch of fan boys and tesla cheerleaders like pierre, writing checks that they cannot cash let me explain heading into the hyped investor day, the fan boys talked about a new model produced or severely delayed cyber truck and when that would come out. they were going to introduce a new affordable $25,000 car or announce robo taxes which cathie wood talked about none of that happened. what happened was for three

hours, tesla spoke and you had a bunch of f engineers talk abou what has already been done the ceo said he is not talking about q1 and q2. why? let's discuss it so far this year, fundamentally, it has been a horror show for tesla. they engaged in price cuts offering cars in china now in the $30,000 range. despite that fact, the first eight weeks of the first quarter, if you look at the ccas sold per day versus the fourth quarter, it is down 21%. they are getting annihilated in china and the same in europe with the inconvventory stacking. dom, they did about under

$10,000 per car in profit in the fourth quarter they cut prices by $6,000 per car. if you are making $1,000 per car and modest price hikes, you are talking about an eps number assuming they sell 1.8 million cars that is a multiple of 70 times earnings in the industry trading six times. tesla is down on the six largest combined despite selling 4% of the cars sold. when you consider all that, they are struggling to sell cars. massive price cuts margining coming down. this is a pending problem for tesla. to speak as pierre did, and not talk about the facts is why there will be negative surprises this year. >> it is good to know whatever

happened yesterday will not change your minds. we have a limited amount of time left i want to give each of you a final word perhaps, pierre, we will start with you you know, gordon makes interesting points with the valuations is there anything you can respond with with regard to how much tesla is worth compared to what it is producing or is it all about the promise and future which are, vagaries by nature, because it is a business and not a hard forecast. >> thanks, dom you know, val sauation is abouth future it is only on what is happening in the future. here you are facing a choice you can listen to the story that gordon just painted which is the

company knows how to make a car and how to sell a car and how to manage transition of the world or you can listen to the company goal which is 20,000 units and energy storage capacity that they want to roll out asap what does tesla look like with that kind of master plan being executed $700 billion of revenue in autos like revenue in energy storage we are looking at $1 trillion of rev revenue. it is a high margin business they can do cars efficiently and produce good margins you are looking at $200 billion of ebit. for a company, it is moving well and can trade on 25 times

multiple we are looking at the market shaving that vision. that is a lot of upside. we know, let's see what happens in china in the next few months with tesla and how it stacks up against gordon's perspective >> gordon, with that said, i'll give you the final word here what is it going to take for tesla to change your mind about the extreme bear case? >> i don't think it is extreme i'm valuing them when pierre talks about 20 million cars sold by 2030 and you look at the amount of cars sold last quarter, they would need to build a new plant every quarter and sold out for the next 12 years. clearly they will not do that. you cannot throw numbers out there and put a multiple on it

and say that is what it is worth. number two, master plan part 2 in 2017. elon musk said he would build a passenger transport and have autonomous robotaxis on the road by 2020. they have not gotten close to achieving that plan. he would make ventilators and have a $25,000 car he said he had funding secured to go private. he said he would have 20 million robotaxis on the road by 2020. i could go on. the point is elon musk has made a ton of promises he has not delivered on when he filed a 13 g over d. he put out the fake solar panels he said he had funding 1ksecure, those were not truths. to believe what elon musk says at this point is believing the kid in middle school who said his dad beat michael jordan in

basketball you have to consider that. they have problems >> this is a passionate debate and the reason we had both of us guys on. the same debate is on wall street gordon and pierre, thank you coming up on the show, an exclusive interview with peter jackson on earnings and outlook and when the u.s. listing may be coming "worldwide exchange" is back after this

quwelcome back fanduel's flutter beating expectations we have contessa brewer with the latest on flutter's ceo. >> reporter: dom, good morning good morning to peter jackson. first time we had you on cnbc as the ceo of flutter we appreciate you being here. >> nice to see you. >> peter, i want to talk about results. full year revenue in the united states $3.2 billion up 67% year on year. a profitable fourth quarter if you exclude maryland and ohio. fanduel is increasing the market share in sports betting from 42% to 50% in the fourth quarter how do you keep doing that at the same time you are starting to pull back on marketing spend?

>> the team are doing a terrific job. absolutely delighted with the performance with the fourth quarter. as you said, we saw a 50% market share in that crucial football period up 10 points on the prior year the team is doing a brilliant job. we he find our customers engage with the products. 75% of the customers are using a parlay product that is helping our hold rate. the revenue that we capture. if you look at 2022, we are a $900 million ahead of the next comp competitor earning more money our acquisition costs are lower. it is pairing up we have more resources to invest in product and marketing and invest in generosity that is compound the advantages in the market. >> it is notable and you improved your share in gaming to

21%. the market leader is bet mgm it is coming to the table with rewards points in bricks and mortar the thing everybody is talking about in the united states now, peter, is the potential listing on the u.s. exchanges. allowing investors here to have a share of fanduel success or failure, if that is the case what do you hear from investors here >> the early engagement with the shareholders has been positive we announced full year results this morning we will go on the road and engage with shareholders in the next couple weeks. we will talk about the u.s. listing for flutter. it is exciting to give the retail customers the opportunity to invest in flutterbenefits we are number one in america with the 50% market share.

we are lead in the uk. we are up 14% in q4. we have the gold medal position in australia and italy fastest growing business is in india. we are a global business to be in the u.s. market with the deep pools of liquidity to allow u.s. investors to invest in us is something we are excited about. >> you mentioned international holdings there you recorded 8% growth in the use of responsible gaming tools. it is remarkable you reported that do you think the united states is doing enough to learn a lesson from europe where it is clear from the earnings report that the regulatory crackdown in response to problem gambling has an impact on the bottom line >> we've always thought it was the right thing to do to take the responsible gaming stuff seriously. we have taken 150 million pounds

out of the renvenue out of the business we invest 60 million pounds a years in the toolss just in the uk to support that leading the race to the top is really important for us. it is not just in the uk, but all the markets in which we operate around the world we take this stuff seriously we are building the fantastic business in the u.s. and intend to build it the right way. >> peter jackson, thank you. >> lovely to see you thank you. >> reporter: dom, you will hear more of this as other states consider pushing forward gaming. new york has done it with concerns over problem gambling >> it is the biggest hurdle in the last 20 years. contes contessa, thank you. ppcie it. we're back on "wex" after this

causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. at stores everywhere without a prescription. what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data.

and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create ♪ old school wisdom, with a passion for what's possible. 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. ♪

welcome back time for the "wex wrap-up. shares of salesforce better than expected in the 40 qfourth quarr shares of silvergate sinking. the company saying recent events in the industry is raising concerns of the ability to remain in business. tesla shares are falling after the investor day yesterday. the presentation noted for long on vision and short on specifics about new things at tesla for products or services. president biden expected to issue the first veto to block esg investing. it will overturn fund rules when making investment decisions. shares of celsius falling with the loss on the fourth

quarter results. and nasa and spacex launching a crew to the international space station. on board are two americans and one russian astronaut. for the first time ever, the astronaut from the united arab emirates launched from the u.s. soil. and let's bring in greg branch with us greg, let's talk macro and then dig in greg, have we seen the lows for the market or re-test back things from october? >> we have not seen the lows i believe we have seen the highs, dom i believe we will re-test the october lows the odd thing is the indices are too high and the yields are too low based on what we expect the fed to do. the yields after last week have come in right where they were. we saw the market lows come out from october the equity markets

>> greg, with that in mind, is this the time to put money to work and are there opportunities? >> those things are true i do not think, necessarily, that i would have my highest exposure right now given the overall market is high what i do think will happen as we go throughout the year and we see the rally this year and things that did not participate in last year are a really high flyer from this year that will revert i think we will see lots of money flow back to the things last year. we will face a similar macro environment where the fed has another 150 points to go with hiking we will see the same environment where there are companies and sectors, but we will get robust earnings growth. they will be few and far between. investors will focus on that as the world comes more online with the macro view

>> with that macro view, what is on the shopping list, greg >> a couple of things. we heard from the retailers that they are concerned about the consumer i think this is telling. both walmart and target said for their customer base, consumers are buying things that are non disc discretionary. lower margin i hope there would be margin expa expansion. that is not the case spending is still strong, but you need to capitalize that in the financial sector the net interest margin environment is et getting more positive i see 150 bps from the fed the credit card companies will be more robust this year they added record adds at near historic high apr.

the other area i would look at is healthcare. human humana and united. >> all right greg branch with the list of stock picks. thank you. see you soon. that does it for us here on "worldwide exchange. futures right now are mixed. "squawk box" picks up coverage xt ing app makes trading easier. with its customizable options chain, easy-to-use tools, and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities. while an earnings tool helps you plan your trades and stay on top of the market.

for businesses of all sizes, while an earnings tool there are a lot of choices when it comes to your internet and technology needs. when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose a next generation 10g network that's always improving, getting faster; more reliable; and more intelligent to keep you ready for today and tomorrow. the choice is clear: make your business future ready with the network from the most innovative company. comcast business.

good morning shares of salesforce soaring after the company's earnings beat estimates and guidance impressed the street a rundown is straight ahead. meantime, tesla shares falling 10% after the investor

presentation that was a little light on details we will show you what elon musk did announce president biden is expected to use his first veto to reject the anti-esg bill that was just passed by the senate remember democrats control the senate it's thursday, march 2nd, 2023 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in sometimes square i'm rebecca quick along with joe kernen andrew is off today. let's look at how things are shaping up you see the mixed picture today. dow up 33. nasdaq indicated off