it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." 44,000 and beyond. wall street looks to build on the best week in the year following donald trump's resounding election victory. pointing to more at the open. and looking to the incoming administration and what it means for their industries. ahead, a group of investors and what they think of trump 2.0. and tesla on the surge after

spending much of the year lagging its peers. and more gains for bitcoin. from the election to earnings. what a big week it could be for the consumer and what it means for your money. it is monday, november 11th, 2024. you are watching "worldwide exchange" here on cnbc. good monday morning. thank you for being with us. i'm frank holland. let's get you ready for the trading day ahead with the look at the stock futures. the dow, s&p and nasdaq are looking to open up at record highs. you' all in the green. the dow would open up 20 points higher. the nasdaq up fractionally, but solidly in the green. this action after what was a monster week for wall street that saw the dow, s&p and dow transports with the best weekly gains in a year.

look at the chart here. you see the big jumps following the election. transports after the so-called trump trade. the dow and s&p both up just over 4.5%. again, big week for the markets. it was a bigger week for small caps. the russell 2000 coming off its best week all the way back from april of 2020. a big jump after the election. the big week to date move up 8.5%. we will talk more about small caps with our market guest. in all, more than 85 s&p companies are set to open at all-time highs. netflix and salesforce and mastercard. nvidia set to open up at a close to an all-time high. the market is closed for the holiday, but we are looking at a treasury of 4.3. the ten-year spiked 40 basis

bo points. the long bond is the read on inflation expectations. we'll talk much more about that as well. that is the money set up. after the best week in the year, let's see how the overseas is faring. we hhave silvia amaro in london and eunice yoon in beijing. silvia. >> very good morning, frank. you just highlighted there on wall street last week. just to give you an idea, the european benchmark stoxx 600 ended last week down about .8%. look at it now. we have all of the major bourses trading in the green so far this morning. i would highlight the performance in germany with the xetra dax up 1.2% at this stage. this despite the political uncertainty we are seeing out of europe's largest economy.

let me take you to the different sectors as well so we understand how strong this performance is for european equities so far today. now, we have at the top the best performing sector of construction and materials. we are seeing strong gains for chemicals up 1.6%. some of the moves, frank, are related to the earnings we have received so far this morning, but let me take you to the worst performing sectors. we have for all of the sectors in the green. even looking at the worst performing sectors, even those are trading in positive ground. basic resources just marginally flat at this stage. it is likely to be a quieter week for equities, but nonetheless, we are going to get important data in terms of inflation this week. we'll stay tuned for that. >> silvia, i think everyone around the globe is ready for a kwie quieter week.

kwaumz silvia, thank you. let's go to eunice yoon. >> reporter: they were turning to a disappointing stimulus package of $1.4 trillion. little to boost consumer demand. yum was hit. other port data weighed on investors' minds. continuing to fall and this is despite government stimulus as well as travel period in october. so the cpi fell to a four-month low of 0.3%. the ppi declined to minus 2.9%. the numbers were discouraging showing international companies are scaling back investments. the flows of $8.1 billion in q3. this means that china is now on track to report its first annual

fdi net outflow since 1990. if you think about what was happening the year before in 1989, we had the tiananmen crackdown and a lot of companies concerned about investing here. now the country is facing a possibility of trump tariffs and the ubs cut the 2025 china growth outlook to around 4% because of it. frank. >> as we see changes to fdi across the globe. in fact, in mexico, a big decrease in foreign domestic increase. very interesting story there. eunice yoon live in beijing. great to see you. thank you. turning attention back to wall street and your monday morning big money movers. bitcoin triediading above $81,0 for the first time ever. you see it is up over 3% this

morning. interest in bitcoin is surging over $90,000. now $3 billion in investor cro popping as well. tesla is on track to open up with a market cap above $1 trillion for the first time ever after a monster 29% rally last week. taking a look at tesla shares up over 7% in the pre-market. according to s3 partners. hedge funds show tesla took a hit of more than $5 billion on paper. turning back to the markets. the dow set to open above 44,000 for the first time ever. the s&p is set to open above 6,000 for the first time ever. small caps and banks are on investor shopping lists according to mike santoli.

joining me now on that and much more is jeffery klinetop at charles schwab. great to have you here. >> good morning, frank. thanks for having me. >> what do you think of the bullish extremes here and do you see it playing out beyond the first week with the election? do you see that continuing throughout the rest of the year? >> i do. you know, stocks are typically up in a post-election environment. despite changing parties in politics, only two negative presidential transition periods. the period from election day to inauguration day have happened in the last 50 years. they were during recessionary bear markets in 2000-2001 and in 2009. now we can see that similar to past transition periods with gains for stocks. >> you know, jeff, you gave us

the data looking at a bunch of other presidents. i want to narrow down from president-elect trump. the markets went up 6.5%. we have seen so much bullish now. do you expect something similar to play out? the markets ticking higher or do you see different moves this time? >> there may be different moves this time around. certainly a bit more positions ahead of tariffs. you might see winners and losers tied to that. the overall market may be higher. european markets up today. one area the european market not up today is european automakers. they are right in the crosshairs of the trump tariffs. you see bmw in germany down today despite the overall market moving higher. >> jeff, i want to ask you. you gave us the information on the biden administration from election day to inauguration day. the market, judged by the s&p, went up 16%. what were the winners then? do you expect the stocks to be

losers this time around? >> what is funny is it's very difficult to foresee what's going to happen with election trades. i think you can see with the biden administration there were a lot of alternative energy companies that were throaought do very well. you have russia invading ukraine and stocks doing their best. i think it shhard to time these things. maersk plunged 9% last wednesday from a trade war. those shares recovered all of the losses the next day like nothing happened. remember back in 2016, it was thought america first policies would crush policies. the opposite actually happened. it's very difficult to figure out what's going to happen. there's a real high noise to signal ratio. >> i assumed that was an

intentional pun there. i want to go back to other information you gave us, jeff, on gdp, if these were enacted that donald trump talked about 60% across the board. according to your research and research from the imf, it would not have a big impact on gdp. that is counterintuitive especially with comments from investors. why is this data so different from the rest of what we're hearing from wall street? >> this may be surprising. the tariffs would result 10% across the board in full scale retaliation. a reduction of 0.4% of gdp in 2025. negligence hit. if you look at the imf report and alonalysis there, this is marginal. you are talking about tariffs to some degree on companies and increasing 10% not that dramatic.

that doesn't through the 60%, 6-0, for china. >> jeff, a couple more things i have to ask about. the rhetoric from the trump administration and the fed to have a shadow fed chair. how do investors factor that into their decisions? >> that's really hard to do. powell was very clear about saying no, he's not going step down ahead of his term. there's a lot going on. this could be a faster period of rate cuts as banks position for the uncertainty over what the fed is going to do. we have the bank of canada cut a few weeks ago. we will see canada and sweden cut by 50 basis points if december. that would mean front loading the cuts because of the uncer uncertainty. >> last question, bitcoin. what do you make of bitcoin topping 80,000? and the story from last week,

the blackrock etf surpassed the size of the gold etf. investors just piling into bitcoin. what do you think? >> this is another election trade. you can see the steam coming out, perhaps, as this moves on. you have to see a major shift with the strategic reserves or anything else. maybe overhyped at the moment. >> jeff kleintop, thanks. have a good day. for more on what's driving the markets go to cnbc.com/pro. we have more to come on "worldwide exchange," and one why market watcher is bracing for a bio-tech bounce back. first, what they think of trumgz 2.0. and ceos are sounding off on the second trump presidency. and the looming terror

threat on the fed as inflation fight. we have a very busy purhour whe "worldwide exchange" returns. stay with us. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything.

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views of trump's election victory. >> some of the big winners post-trump election. your stock up 7% this week. does that make sense? >> it was a good week in the markets and it's on the back of a quick, a clear and decisive result which really helped drive anticipation of the pro-growth agenda. >> i think he will lean in on favor of innovation and economic growth. the president-elect has been clear about that. >> there have been two things that happened this week, of course, continue to see monetary policy shift down with the collaboration with the nor normalized inflation rate. that will definitely help continue to drive economic progress. then, with the administration, to the extent they have a pro-growth agenda and focused on driving innovation in the country. >> you will likely see decisions that will exaccelerate investme in a.i. and development in the

country. >> that was the c-suite take on the election and let's talk to barbara goodstein. last time you were here, you wore red. this time it's on purpose. is that a sign of what the millionaires think about the election? >> that is a sign. we had the market opportunities and risks meeting last week and a lot of upside with the win. >> one thing you said they are excited about is bitcoin. i mentioned to an earlier guest that blackrock's etf has more under management than gold. i know your investors hold gold as well. what is their sentiment when it comes to bitcoin? are they doing it on bitcoin or etf? >> we are high on bitcoin. we recommend doing it directly because you don't pay tax

directly. we think bitcoin could become the next strategic reserve asset. the country now holds 232,000 bitcoin. we think trump could bump that up to over 1 million. >> you think it would replace what gold was back in the day. a quote/unquote bitcoin fort knox? >> it will augment. >> interesting. one thing you are bullish on is private equity. that has been the theme with a lot of money going into private equity. how are you playing priority equity? >> we are interested in energy. we think trump will bring a breath of fresh air in the oil and gas space. there is a lot of upside in the industry. he will cut red tape to make it easier to encourage drilling.

>> what is it about a kkr is attractive or why do these investors say kkr is attractive? >> so, we think there is a lot more m&a activity. basically trump will change the regulatory landscape. dodd-frank was the last regulatory change in 2010. now we think there will be significant changes reversing some of those decisions. >> i cut you off before. mlps is what you like. mostly in the energy space. you gave us a couple of names. enterprise ticker etd. what do you like playing the oil companies? >> it is really not just about the oil, but transporting the oil. that's where the real opportunity is, is not just buying the oil itself, but transporting it around the world. as exports increase under trump, we think there is more transportation upside. >> picks and shovels? >> yes.

>> barbara, thanks for coming in it today. >> thank you. coming up on "worldwide exchange," the continued and growing threat on wildfires across the united states. our contessa brewer is here to break it down coming up after this. (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street. invest in your future with spy, the world's most traded etf. (♪♪)

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♪♪ [inner monologue] this is going to sound crazy. but i know these attack vectors. oh, had a little upgrade have we? ♪♪ okay, so that's how you want to play. ♪♪ welcome back to "worldwide exchange." you may have seen in the news late season wildfires across the eastern u.s. in new york city

and new jersey and the coast. our contessa brewer joins us now with the story. contessa, good morning. i think just about every state, except for alaska, is dealing with drought issues. >> reporter: that's right. we heard from new jersey fire department over the weekend and they had more than 500 wildfires to fight. we had a wildfire close to cnbc headquarters. the terrain was so steep, they lifted buckets from the hudson to fight that. in the north, an 18-year-old pa parks worker died fighting the fire. in new jersey, it's actually the driest on record. the government shows moderate to exceptional drought conditions in 49 states. here is the map from drought.gov. this has had a real economic impact.

cr drought is the second costliest after hurricanes. last year, it caused $14 billion in economic losses according to aon and $6.5 billion of losses in crop damage which is the biggest insured loss across the globe. surpassing the maui wildfires which was linked to drought. this year, the worst drought conditions happened in the finfall. experts tell me it could affect the planting of the winter wheat. barge prices are rising with the mississippi levels being low. some louisiana towns, when the river flow is not forceful enough to keep the saltwater at bay. manufacturing and tourism and homes with wells running dry. the southeast and western regions are accustomed to water advisories, now they are widespread across the northeast.

in new york city, itself, frank. >> i'm seeing the smoke here in new york city, contessa. you can smell it coming into the headquarters. you mentioned one of the wildfires close to our headquarters. i want to talk about the insurance angle. will this impact insurers the same way the other severe weather? >> it is interesting. fire insurance has had the most property damage in the wildfires. more than 1,700 structures damaged in california. chubb and state farm have been limiting wildfire risk in the state. in the northeast, the damage to structures has been limited so far. chubb has been the largest provider of crop insurance in the nation. as i said, most of the harvest was pulled in and undamaged by drought. there are pockets like new

jersey's cranberry harvest has been affected by drought. there is a parametric where it is not paid out by damage, but weather condition. if you have x-number of days without rain or x-number of temperatures above a certain level, the policyholder will get paid. you have swiss re and unicredit being a small part of the insurance industry, but this is growing and specifically addresses the climate risk in general. >> our contessa brewerthk , an you. coming up on "worldwide exchange," the trump trade comeback and what every investor needs to be watching. we will reveal our mystery chart after the break. stay with us. stanley

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now xfinity internet customers can buy one line of unlimited and get one free for a year. they're spending a tremendous amount of money. i've been asking tim cook, if they would, we want to see apple build here. that way you have no tariffs. >> that was then president trump back in 2019 during the first administration talking apple and tim cook and talking tariffs. i'm frank holland. those two men will talk again this january. we will look at the relationship

between mr. trump and one of the most valuable u.s. companies might look like a second time around. first, let's kick off with the check of u.s. futures. in the green across the board. s&p is 18%. 18%. 18 points higher i should say. the dow up for the highs of the more morning. 160 the nasdaq up 50 points higher. the common theme here is the election. stocks moving up big after that trump victory. the dow and s&p up 4.5%. the transportis up 6.5%. the russell 2000 coming off the best week signce 2020. small caps up 8.5% for the week. huge week for small caps.

a lot of talk with the trump trade or combination of both. in all, 85 s&p 500 are opening up at 52-week or all-time highs at the open. that includes salesforce, mastercard, netflix and united health and nvidia. pulling back a bit in the pre-market. pulling back .75 of 1%. the bond market is closed for the veterans day holiday. the benchmark at 4.3%. after the election, it spiked 40 basis points. now it's back down to the same level before the election. bitcoin is continuing to test record highs. best coin trading at 82,000. up 3.5% right now. over the last week, up over 21%. that's the morning money set up. let's turn to the story. many big tech ceos have been speaking out in the wake of president trump's victory

congratulating him on his victory. that includes apple ceo tim cook whose business could face speed bumps if the tariffs take effect. he is looking forward to working with the trump administration. we have steve kovach with more. good morning, steve. >> frank, no company is more exposed than apple. many of the manufacturing takes place in china, especially the iphone. it has been ramping up in other countries like india. it is worth looking at how ceo tim cook managed the relationship with trump during the first term. it was drawing anger from jeff bezos and cook had a cozy relationship with trump. this culminated in 2019 when cook gave trump a tour of the factory in texas.

trump got a photo open showinge factory event in the united states. after that, apple got relief from tariffs that would have hit products like the apple watch. this time around, the tariffs are drastic are trump saying he would impose a tariff up to 60% on goods coming in from china. it would be hard to eat that cost without passing some of that on to customers making iphones more expensive. as far as getting ahead of the proposed tariffs, before the election, tim cook called him. they discussed eu tax penalties that apple is facing. things like that. once trump takes office in january, the thing i'm going to be looking for once these tariff conversations heat up, apple and cook, what do they give trump as far as a pr win as far as jobs and manufacturing. the factory in austin, that was a factory that was in existing

production for quite some time. >> steve, i don't think iphones get much more expensive. they are pretty expensive already. on a serious note, i know apple is moving a lot of production to india. if we see tariffs, are we going to see more production move to india to get around the china tariffs? >> this was started during covid when the lockdowns in china was hurting the capacity to build the iphone and ipads, et cetera. we saw them diversify the supply chain. the manufacturing is growing, but it is iminuscule compared t china. if apple were to bring manufacture hadding up in the united states, it would take capital and investment and time to get that ramped up. you have to realize so much of the supply chain is overseas.

the raw materials that the products are made of, they are close by the assembly facilities. it would be a logistical hurdle for apple to overcome to do what trump says he wants apple to do. >> steve kovach at the nasdaq. thank you very much. coming up on "worldwide exchange," we gear up for retailers to roll out earnings. what bernstein is calling their top pick. we'll show you that coming up. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense!

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welcome back to "worldwide exchange." time for the morning call street. bernstein naming burlington the top pick this quarter and the medium term. jpmorgan upgrading valley national bank. jpm is encouraged the move it has made on the commercial exposure. and wolfe research moving warner bros. discovery with the acceleration of max and the appetite to carry streaming services that should give the company free cash flow to pay down debt. time for the global briefing. investors giving the first time to trade around $1.4 trillion stimulus pack oage unveiled on friday. the shenzhen up 2%.

the hang seng falling 1.5%. property stocks hit hard. we stick with china here. consumer prices are slowing for the first time. core inflation exaccelerated fr the september reading. and taiwan's government is looking to buy a weapons package from the siu.s. in the lead-up the trump administration. it shows the white house is serious about boosting defenses against china. coming up on "worldwide exchange," the one word every investor neerds to know. we have tikae stockton for the signals the market may be sending the next steps after the big post-election rally. we'll be right back after this.

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with empower, i get all of my financial questions answered. so i don't have to worry. so you're like a guru now? oh here it comes— join 18 million americans and take control of your financial future with a real time dashboard and real live conversations. empower. what's next. welcome back to "worldwide exchange." cnbc pro is looking at the trump trade and the stocks that rallied after the 2016 election victory as well as the past week. highlighting names, analysts see a 15% gain in the next 12 months. among the stocks topping the list is amd and caesars and micron. joining me now is katie stockton at fairlead.

katie, it's great to have you on board. >> great to be here. >> i get to do what you normally do. i play with the charts here. the first chart. looking at the s&p. the spy and looking at the rally for the trump trade. we'll show in just a minute. here's what we need to watch. a gap right here. what's this gap telling us up here? >> so, i think that's our theme of the week is to watch the gaps from last week. we saw the very positive reaction on wednesday and with that, the market opened very strongly. it left these gaps in its wake. we are watching the gaps. if the market or the spr or the market to pull back into the gap, that tends to be a setback. the gaps can be a clue as to the sustainability of the up move. for us, spy rallied 5%. an impressive move. it has a good chance of holding

that gap, but it really does need to hold that gap to preserve the breakout this week. >> we are seeing enthusiasm in the pre-market now. we have to wait and see if the part technicals move in the right direction. this is a lot of fun. i see why you like to do this, katie. let's go to the vix chart. we will look at overbought and oversold conditions from here and then from about here. the top line, i believe, is the over bought. the bottom is the over sold. what are the charts telling us here? >> it's really interesting on the vix. a clear trading range has unfolded. that range is bound by support roughly 15 and resistance roughly 22 or 23. within that range, the high cycle that began in july is in tact. whereas the 15 area was broken more decisively and the bottom area of the range, that suggests

the market will indeed continue higher and, of course, that would mean a lower volatility cycle has taken hold again. with the oversold condition in the vix, near the support, you expect to see consolidation meaning it starts to go sideways and ultimately sees an oversold bounce. you could then translate that, of course, to the s&p 500 to which it is inversely core relad and see pull back in the s&p. it is a matter of how dramatic. >> to the newest dow component. everyone owns it. talks about it all the time. we used to be cnbc/nvidia. nvidia, of course. right here, we're seeing the 100-day moving average. the purple line or purple-ish line. the 200-day is the goldish line. what do you see about the stock and this trade? >> we are seeing that nvidia

testing resistance. the 141 level is cleared divisively last week on the 9% rally. that leaves a breakout pending confirmation this week on our work. on friday, if it closes at that level, it confirms that breakout and bullish development. the price objective from the breakout would be about 157. maybe that is conservative longer term. it is a medium term objective. the reason we wait for the confirmation is twofold. one, nvidia has that gap that we want to keep an eye on this week, but there is a short-term counter trend signal likely today from our margin indicators. there is a pretty good spread to support roughly 130 for nvidia. we really want to see the confirmation to feel like we then can be more constructive on the upside followed through for nvidia. >> let me ask you a question.

pretty much every trader and strategist and retail trader is asking based on the technicals, is that the way nvidia goes? do we see other stocks tied to a.i. move in the same direction and face the same levels of resistance? >> i say nvidia is key to market sentiment. for the a.i. trade, there is mixed action on the individual stock level. there's winners, there's losers. nvidia is a winner in that regard. it is important to market sentiment in general and not only that, it isimportant to the health of the major indices with the large footprint. we think it is reasonable everybody have it on their radar even if they're not invested. >> you are saying the resistance levels are about 150-ish here. almost at the level we're at now. >> at 140. we're above that level.

>> man, let me know when the internship applications open up. i see why you like to do this. our katie stockton. always a friend of the show. thank you very much. coming up, the lagging sector our next guest says could be prime to pop following president-elect trump's victory. if you haven't already, check out "worldwide exchange" on your favorite podcast apps. more "worldwide exchange" coming up after this.

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welcome back to "worldwide exchange." as we close in on the 6:00 a.m. hour, here are the stories we are looking at this morning. neel kashkari weighing in on donald trump's tariffs proposals. it would make inflation worse. >> the challenge becomes if there is a tit-for-tat and one country imposing tariffs and responses and it escalates. that is where it is concerning. as is with fiscal policy, we have to wait and see what gets implemented and hour other countries might respond to that. tesla is set to open up at $1 trillion market cap. data showing hedge funds with

positions on tesla between election day and friday's close taking a paper hit of $5 billion. and booking holding is planning to cut jobs. they look to carry out measures to free up resources and improve operating budget. here is what to watch in the week ahead. cpi and ppi and retail sales. plenty of earnings this week. nine s&p 500 companies and dow reporting. home depot, disney, cisco and applied materials and alibaba. joining our delivering alpha investor summit this wednesday to help you deliver meaningful returns. to sign up, go to

cnbceve cnbcevents.com/deliveringalpha. and the dow pulling back from its highs of the morning looking like it would open 150 points higher. the s&p higher. the nasdaq higher as well. i'm getting so excited because you're here, jay. jay woods. i love having you here. >> good morning. >> after an eagles win. >> over dallas. yeah. >> give me your word of the day. how do you see today shaping up? >> we have to exhale. with last week and all of the headlines and getting through the election and uncertainty. we got certainty and now we can focus. things have started to play out like we thought they would this time. we didn't have the bigger drawdown going into the election through august, september and then into october. now we can focus on what stocks will lead us. we got some nice pop last week, but things have been playing out. i think regardless of election results, we were going to take a leg higher once we got that

certainty. i think the trump victory saw the areas. >> you come on here breathlessly with the small caps. one of the arguments is valuation. the other is earnings growth. we had a guest on last week saying the russell would grow earnings. i'm sorry. yeah, grow earnings almost double the pace at the s&p 500 in 2025. in your mind, is that the reason to put your knownmoney in small? >> the growth has been lagging so double the s&p 500 is not that big of a call. for it to double from where it is is nice, but not absorbant. when they come to the party, they rage. what did they do last week? they're up 9% in six days in november.

8.5% last week. that's half their gain for the year in six trading days. it's so hard to time it. up 23% the last two months of last year. i think we're now finally breaking out. we have to watch the russell 2,440 is the high there. the only index that hasn't. that is the layup. we can breakout follow through. the small caps very frustrating, but the moves are quick and they're happening. you need to be there. >> that graphic should have been earnings, 26% growth in 2025. s&p, 13.5%. just to be clear. i want to go to another trade. a guest on earlier saying the first trump presidency, the headlines with the s&p ticking higher. we see one headline with healthcare with rfk possibly taking a role in the administration. what is your deal on healthcare

knowing the possible disruption under this administration? >> the rfk factor caught a lot of people off guard. it took on the big names. what i'm looking at is the trump trade in health care. bio-tech. the bio-tech sector was up 40% the first year in 2017. first full year going into it. what to me from the technical point of view looks fantastic is xpi. it is gapping a bit. like the small caps, that is a major part of it. i think the xpi can go from 140 to 120. >> i think xpi up in the pre-market up 1%. year to date up 18%. it is out performing ibb. why do you prefer the xpi over the ibb? >> first, the set up looks

better and the risk/reward is breaking out. you want to go where the momentum goes. it is more widespread. xpi doesn't have anything over 2%. this is the sector that the tide moves all boats. trump is not a red tape guy. he sped up the process and got through the regulation to get the cancer savings and drugs to market faster. that's what we're seeing. >> you know, it is interesting. you like bio-tech. one thing about bio-tech, some goods are iimported. what about the tariffs? >> the tariff factor is the big question mark that hangs over what the market does in reaction to it. when tariffs happen, what happens? it gets paid back to us. we're the ones that will pay for

t. i do it. we're in a situation where we will see more drugs come to market and more improvement and faster time for our parents to get what they need. >> all right. jay woods, your pick is the xpi. it is up in the pre-market for now. that will do it for us on "worldwide exchange." we're seeing the nasdaq up and same for the s&p futures. the dow would open 150 points higher. "squawk box" starts right now. good morning. once again, stock futures pointing to a higher open after last week. also, bitcoin climbing to a new high. we'll show you what's moving straight ahead. news from the trump administration. the president-elect picked a border czar and named two previous members of the

administration that will not be joining him this time around. plus, shares of tesla trading higher in pre-market after a gain of 30% last week. it's monday, november 11th, 2024. "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. and here we go again. markets are off to the races once again. take a look at the u.s. equity futures this morning. dow futures up 160 points. s&p futures up 16. the nasdaq up close to 45. that comes after a strong week of gains for the major averages last