it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." stocks coming off their longest one streak in two months as the dow and s&p do something for the first time ever. small caps are surging with the russell 2000 knocking on the door of the all-time high. and we are watching bitcoin with the nonstop rally to $90,000 and beyond. plus, trump's cabinet is taking shape.

the likely pick s that will impact your money. and the home depot earnings. it's tuesday, november 12th, 2024. you are watching "worldwide exchange" here on cnbc. good morning. thank you for being here with us. i'm frank holland. let's get you ready to start the day. we start with the stock futures with all three major indivisible december coming off new record highs. a bit of a pull back on futures. flat. s&p down 6 points. the dow down about 20 points. the nasdaq just about 30. again, fractional declines. we are watching the russell 2000 after the 1% pop yesterday. you can see the russell futures are pulling back as well down .50%. we want to look at the bond

market which is back open after the veterans day holiday yesterday. the benchmark at about 4.35. so, ticking up just a bit from the levels we saw last week. obviously, a very big week. ppi and cpi and retail sales friday. now moving five basis points higher from where it was on election day. cpi coming up later this week. we have to talk about bitcoin with the record-breaking run. surging over the last 24 hours. you see the chart as investors pile into it. we have been talking about it on cnbc quite a bit. we want to look at crypto stocks right now. they also have had a big week. we are seeing robinhood flat. the rest pulling back. coinbase down 3%.

we had big spikes in names in recent days. that is the money set up. let's see how europe is shaping up with the trading day under way. silvia amaro is live in london. good morning. good morning, frank. t is a new trading day for european equities. the stoxx 600 made 1% gains on monday. at this stage, all of the major bourses trading in negative territory. i would actually highlight the per performance over in france. we are down 1%. investors are very much considering what a new trump presidency could mean for european equities and there are concerns about a more protectionist united states. let me also show you how we're trading in terms of the different sectors at this stage. at the top, we have tech stocks up almost .9%. we are also seeing a little bit

of upside for defense names across europe. indeed, with investors expecting that a new trump presidency could actually mean that we'll see more spending in european defense going forward. in terms of the worst performing sectors, this is what we have at this stage. basic resources is the worst performing sector down about 2%. here, though, investors are tracking lower metal prices, but let's not forget, frank, there is a lot of ppointment in the markets after the latest stimulus announcements in china which has failed to propel the economy and ectors such as basic resources or household goods. >> silvia, thank you very much. we will keep the conversation going with janet mui. >> thanks, frank. >> janet, we're coming off

another record-breaking day on wall street. bond yields ticked up a bit since pre-election, but cooled off. where would you put money to work right now? where are you seeing opportunities? >> we are bullish on the u.s. equities. we have recently further raised overweight in u.s. equities because the trump victory means american exceptionalism on steroids. we think the pro-growth measures and deregulation is supportive. in terms of where we are taking the money from is basically europe and uk equities. basically europe is fighting two trade wars, one with the u.s. and one with china. i think the downside risk increases nder the trump presidency. >> i want to talk to you. you say you think the market, i can't disagree with you, the market likes the proposals that

trump put forward so far. i want to read what goldman said about tariffs. tariffs could reduce earnings with weaker consumer spending and u.s. exports and increased uncertainty. they go on to say each five percentage point with likely reduce s&p 500 from 1% to 2%. i know you are saying the trump proposals and policies the market likes, but what about the tariff risk when it comes to earnings? >> yes, i mean, it really depends to what extent these are being accessed. we still don't know the timeline and implication. there is a risk that we have to keep our eye on. all of the tariffs would be negative on copper earnings, particularly those are highly exposed to trade and china.

overall speaking, given the fact that the u.s. economy is -- at the moment very resilient and rate cuts are still on the agenda, that is likely to support valuations. at least in the next 12 months. overall, the positive outweighs the negative. >> are you are mentioning the f rate cuts. president trump spoke about the questioning of the decision of fed chair jay powell made and the fed has made. as an investor, how do you look at the risk with the president-elect and the fed and the idea he might try to institute a shadow fed chair or something like that? >> well, i'm not too worried about that risk given -- i think jay powell said he will not resign and the legality of that actually keeps the fed pretty much independent from the government. i think if there is any sign of any risk of that, i think the market would have protested and

that would have a detrimental impact and it is likely this would actually happen. i very much believe in the independence of the fed. >> you see little risk there. i have to ask you about bitcoin especially when you talk about portfolio management? >> well, it is the digital gold, right? i think it is a form of diversification for investors and i think in the view of higher budget deficit, i can see the point of people getting into cryptocurrency because it is a stored value. i think the volatility itself is huge. so, it may not be up with all of the declines out there. i think there is certainly a case for more pro risk, but certainly not for everybody. >> quickly, we have to go, janet. would you buy an etf or buy a bitcoin directly?

>> i personal would buy bitcoin directly. i would like to own the physical asset. >> janet mui, thank you very much. >> thank you. >> for more on the trading day ahead, go to cnbc.com/pro for more insights and analysis. coming up on "worldwide exchange," why one is throwing cold water on the white house run. we go to the largest tech summit to hear what the ceos are saying about president-elect trump and bitcoin. and looking at the high profile picks and what they coulmed an for your money. more on the crypto surge and the big bets that are s s that paying off. more ahead when "worldwide exchange" returns. ing... can ai make it all work? it can. on the servicenow platform, ai transforms your entire business. your people work better, your customers are happier, and todd... well... he's practically euphoric.

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welcome back to "worldwide exchange." the tech conference kicking off and the artificial intelligence is a theme and the big top and the donald trump return to the white house is taking center stage. we have karen tso live on the ground in lisbon. karen, good to see you. >> reporter: good morning, frank. the largest conference in europe with 70,000 cipants and record start ups with 3,000 turning up. the founder of the worldwide web and the cfo of bumble and when

it comes to the hot topics, it is all about a.i. that is scaling a.i. and monetizing and a.i. infrastructure and ensuring you've got the right a.i. business model. it is all important. the other big feature here is the wash up from the u.s. election and donald trump 2.0. we have concerning that you might see less regulation which is good news for some industries, not all of them. less regulation could mean fostering more a.i. companies in the states n.. in europe, that could be seen as a negative with the strong framework that europe has been left behind with the innovation in the united states. i did speak to one company over whether we could see more m&a. that is the big take that the banks and financials could get a

boost from the m&a. the big firms still face the same threat. even if they want to consolidate, they might get through the u.s. regulators, but have an issue with the european ones. regulation is about the ftc and nan and a change of tone of the ftc and any change of the companies with ramifications and the other is around the s.e.c. and gary gensler who had a strong attitude of crypto and bitcoin. crypto has already taken off and encroaching on the $90,000 mark. a lot of take aways. social media is another area that trump has a social media platform and elon musk is a beneficiary with twitter. frank. >> a lot of names, karen. you said there are a number of startups there. there are a number of startups

waiting to go public next year. is there a similar landscape in europe? >> reporter: i'm struggling to hear that question, frank. it is a bit loud. some tech companies have been able to raise a large amount of money with the large language models. a.i. has had support. h is another one. i think there is a lot of support for the big a.i. companies that have been able to get in front of investors. of course, the exit is all important and that's the conversation i'll have with vcs as you get the companies access, it frees up the pipeline for more investment to go into other companies. that pipeline has been stuck in recent years. if we see smooth flowing exits here, that could be fundamental to a lot of the startups here today. frank. >> karen tso live from lisbon. great to see you. thank you very much.

coming up on "worldwide exchange," less than an hour to go with the critical earnings release. what to watch when home depot releases earnings. that's coming up after this break. stay with us.

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come back to "worldwide exchange." you see shares of home depot. results at the top of the hour. analysts will be watching same-store sales which are expected to be down 3% from a year ago.

that would mark the eighth straight quarter of declines. also, very important is spending fueled from the hurricanes and the fed's first rate cut. for more, let's bring in michael baker at d.a. davidson. michael g michael, good to see you. >> good morning, frank. >> consensus is 419. you are seeing more upside than the rest of the peers. what is the catalyst for all of the upside? >> as you said, it has been eight quarters in a row negative. all of the negatives have been consistent in the 2% to 3% range. you think it would be less negative today than the last few quarters. to me, that is bouncing on the bottom while it is a difficult rate environment for them. at some point, we think rates continue to come down. i think housing gets better and they actually have done a pretty good job the last two years of being relatively consistent in a

really tough environment for them. >> okay. they previously reduced their guidance. this is interesting. they reduced their guidance and you don't think they will reduce it again. when they reduced guidance, we are under the assumption they were decline. i don't think that is loosened up the housing market. are you sure they are not going to lower guidance? isn't that a key factor for them? >> sure. absolutely. what they will do is narrow the guidance because they have one for quarter left in the area. the fourth quarter. they will narrow and give us the fourth quarter guidance. we think earlier in the year, if you go back six or nine months ago, we think we would have a little bit more of a recovery. they pushed that out to the first half of next year. same store sales will turn positive in 2025. originally thought the company

might have been later this year. we think it will be next year. that's where they are thinking now. we don't think that will change. >> when you look at this quarter for home depot, when do you expect that to do well and what does that tell us about consumer spending? where do people spend money at the home improvement store? >> they are focused on the larger pro business. that is something lowe's has not gone after yet. lowe's goes after the mall customer. they have some market share there. what home depot has done is shift to adding on the larger come plex pro. that is where we will see success from home depot. >> i'm asking. i know you don't cover all these stocks. we are talking about other housing related stocks. how do you think they may be impacted by what we expect from home depot?

sherwin-williams or people buying paint? >> we do track all those guys as a read through for home depot and lowe's. none had great quarters. all mostly negative. black and decker was negative. besides that, others are getting less negative. we would rather own the retailer than the brands. the retailer is not yet restocking. in 2025, they might start to restock again. we are not seeing that right now. it's a very difficult environment for some of those brands. >> last question. home depot made a big acquisition this year. they bought srs distribution. the idea is they are targeting quote/unquote $250 billion market. investors seem to like it. >> that's the complex pro that i was talking about. home depot has pretty wide share in the diy business and small pro. this is the next layer of

business that they go after. it is the complex pro. it is a very hard business to go after. home depot built the infrastructure to do that, but this acquisition gave them a kick start in that business. >> michael baker, thank you very much. >> thank you. coming up on "worldwide exchange," what a possible secretary of state marco rubio means for your money. if you miss us, check us out on spotify or other podcast apps. we will be right back after this break. e. not to mention the kitchen remodel, and we'd just remodel the bathrooms last month. 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. (♪♪) (♪♪)

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donald trump keeps his promises. you go back to the speech he made at nashville to the krip toe community. his agenda is pro crypto. the community showed up. they're over 240 congress men who the crypto pac thought were pro crypto. we have a congress moving our way. we have a president that's moving our way. >> that was galaxy investor michael novogratz last week the day after election touting crypto. stocks have been rallying on the back of the election results. some of that momentum is lost this morning with the pull backs. bitcoin trades around the clock. welcome back to "worldwide

exchange." i'm frank holland. we will dig into the sector. first, let's start with the check of the futures. all three indices coming off highs. this morning, a bit of a pull back. s&p down 13 points. the dow looks like it would open about 60 points lower. the nasdaq down just about 70 points as well. we're watching small cap russell 2000 after the 1.5% pop yesterday. now also pulling back just like the other indices, hitting the lows of the morning down .75%: we have to check the bond market after the day off for the veterans day holiday. moving up from the level we saw last week before the holiday. similar story for the long bond. two big inflation reports this week. cpi and ppi. it spiked after the election and now settled down. five basis points higher than it

was pre-election. we have to talk about it. bitcoin continuing the record-breaking run surging $10,000 over the last 24 hours. this is a big move. i want to draw on this, by the way. this is fun looking at bitcoin. earlier, it was down fractionally. now it has turned positive. trades around the clock. getting very close to the new all-time high of $90,000. $87,500. crypto stocks right now. michael's company galaxy. also looking at robinhood is down this morning. down 4%. coinbase down 5%. similar for riot and micro strategy. mara holdings down 5.13% right now. we will have more on crypto and how its big election spending is paying off in a big way. we'll have that story coming up. from markets to politics and the donald trump white house transition. president-elect announcing the

first cabinet picks as he retakes washington. the president-elect will appoint lee zelden and alise stefanik. and perhaps, most critical to u.s. trade and foreign policy, florida senator and noted china critic marco rubio is slated to be the pick for secretary of state. joining me from beijing is eunice yoon with more on this story. eunice. >> reporter: thanks, frank. the chinese foreign ministry has yet to comment on president-elect trump's picks. the two are the most aggressive on china. marco rubio has been sanctioned twice over the handling of hong kong and xinjiang. the state media has described

him and paranoid and radical. today, the chinese media was focused on the waltz's an aggressive record and the rubio's statements on the maritime expansion in the region. the tension with the u.s. and china played out in the markets today. chinese listed shares in hong kong tumbled. there is, though, of course, a big question as to just how hard line these two can really take foreign policy because at the end of the day, they also have to work, of course, and take orders from president-elect donald trump. on the campaign trail, trump had said that or at least raised questions about his commitment to taiwan which beijing claims as its own suggesting that taiwan should pay the u.s. for its defense. another wild card, frank, as you

could imagine is elon musk. because elon musk has so many business interests here and investments, that could potentially and has a lot of influence with president-elect trump, that could potentially lead to some sort of tug-of-war within the administration between the two sides. >> eunice yoon, a lot to breakdown there. this is a story we will continue to follow, of course. eunice yoon live n beijing. great reporting as always. we stay with the president-elect and state of health care. former candidate and trump transition team and noted vaccine skeptic. robert f. kennedy jr. is on the short list to serve as head of health and human services. he would run agencies from the centers for disease control and prevention to the senators for medicare and medicaid. it has been a mixed week for stocks since the trump victory.

others are fearing a trump 2.0 over vaccine programs. let's cover this with emily field from barclays and lance wilks. great to have you here. good morning. emily, i want to talk about the glp-1 trade. they make ozempic and others in that field. president-elect trump taking office. what does it mean for the trade and stocks that were viewed as developing weight loss drugs in the future? how does it change how those companies are looked at? >> thanks for having me. actually, it was a fortuitous time that novo nordisk reported hours after the election results came in. to be totally honest, it hasn't really come up much on the conference call or subsequent

calls with investors. pharma is probably the least of them and you mentioned the vaccine where novo nordisk is not involved there. we think the glp-1 trade will continue on. although investors are skittish going into key results for novo nordisk. >> okay. lance, i want to come over to you. i read your notes. stocks related to medicare advantage traded higher after the election. explain this threethesis. i know it is private health care companies that get funding. what is the stocks or what is the trump administration possibly going to do to make those stocks benefit from policy changes? >> yeah, so, the stocks we're talking about there, like united healthcare and humana, the two largest medicare managed companies. for stocks like that, basically, what you are doing as a senior, you can choose the traditional medicare system or choose the

private system which is medicare advantage. medicare advantage generates a bunch of savings, probably 20% of the cost of medicare, and they put those savings back to the senior in form of lower out of pocket expenses and free dental insurance and fitness members. that attracts more seniors. today, half of all seniors are in medicare advantage. what is happening in the biden administration, they really pulled back on the rates they've given to the medicare advantage plans. sort of a one-time correction and really trying to pull back on the amount that is paid. the expectation under trump is that would be not continued at that point that we've already got the appropriate rate. so, rates will be stable going forward and you will see margin recovery in the names. >> interesting. emily, back over to you. we were just talking about rfk jr. and the head of the hhs or a

cabinet position or the president's ear and influence policy or whoever is in that position. when you look at the companies you cover, is there an rfk risk you are factoring in and some benefit or hurt? is it that black and white? >> i would say since the election where investors have expressed concern in our coverage has been the names that are overly exposed to vaccines. within my coverage, gsk and sanofi. it is hard to tell where anything can go from here. obviously, what they can do at the federal level or vaccine mandates imposed at the state and local level. it is early days to see what could happen here depending who is in charge of what organization. >> emily, i have been a bit of reading and your notes. rfk said he would not end vaccines, but wants to make them

safer. is that definitely a headwind or will they have a chance to reformulate? i'm asking because the vaccine business is complicated. we got familiar with it during the pandemic, but i don't think many of us think about it on a daily basis. >> that is a very good point. one of the big questions of the covid pandemic was the traditional vaccine maker such as gsk and sanofi were not the first to come to market with the vaccines. for those incumbent players such as gsk and sanofi, they are older established technologies. if this were a debate about established, well versed technology versus the new mrna, the companies we cover have no exposure to that. they have them in the pipeline, but not the commercial portfolio. >> lance, is there an rfk risk in the companies you cover or might he introduce policies to

shake up business policies or increase them? >> i think -- i think the two wild cards you want to think about here are an rfk risk could presumably be against big -- big pharma and big insurance, things like that. that might run against some of the opportunities to improve rates in medicare advantage and things like that. i think the other wild card here would being elon musk. it might be more of the concept of elon musk and the concept of efficiencies coming into the system and trying to take costs out of the system. that could be impactful to medicaid names. names like that probably have some exposure to, you know, who might get appointed in some of these roles. >> ance, quickly. tariffs. is there one name in your universe that would most be impacted negatively? >> my space is so domestic. it is very positive. the key thing is not companies

that are employer managed care. those could have some pull back. >> emily, i think it is a bigger question for you in your coverage universe. what names are most negatively impacted by the expansion of tariffs? >> the ones we have been able to ask so far are the ones with u.s. manufacturing. most people are not thinking it is going to impact pharma. one thing on elon musk. he has tweeted about wegovy in the past which is made by novo nordisk. >> emily field and e wilkes, thank you very much. coming up on "worldwide exchange," post crypto stocks and looking to keep up the political momentum past this cycle. stay tuned. we'll have much more coming up.

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any condition. and get iphone 16 pro with apple intelligence, on us. and ipad and apple watch series 10, all three on us. that's up to $2,000 in value. only on verizon. welcome back to "worldwide exchange." the post election bitcoin rally is pulling back a bit today. names like robinhood, coinbase and riot lower in the pre-market. micro strategy down 5%. coinbase down 6%. but, this is a big but, stocks have moved 5% and 6%. you see big moves post election. the pull back a little bit today. coinbase up over 55%.

emily wilkins is joining us now with the crypto spending is already paying off. emily, good morning. >> reporter: good morning, frank. crypto groups made a $131 million bet in the 2024 general elections and it has paid off. coinbase, ripple and jason horowitz poured millions into the super pac to make sure lawmakers paid attention and crypto will be top of mind next year in congress. back to the fair shake pac. they had a progressive arm and conservative arm as well. all together, they backed 59 lawmakers donated to the races. of those, 52 have resulted in the crypto backed candidate winning. five races haven't been called yet. that means so far two only crypto backed candidates lost in the general election. both house makers, one democrat and one republican. crypto had big wins. they spent $40 million to help

bernie moreno in ohio over sherrod brown. crypto spent $10 million to claim two senate seats. slotkin in michigan and last night, we got the call for gallegos in arizona. crypto groups backed dozens of lawmakers who were in safe seats, but allies of the crypto movement in the last few years. the pro-crypto wave is expected to lead to more industry regulation next year. a lot of crypto executives have asked congress to clarify what needs to be regulated as a security versus a commodity and it is billed to pass the house this year, but lost in the senate. senator tim scott has said he will create a panel on digital assets. that is expected to be overseen

by cynthia lummis. and the coalition behind fair shake has announced they have 78 million on hand already. frank, i think we can expect to see a lot more on capitol hill in the next two years and beyond that. >> emily, we are not at inauguration day and they are gearing up for the midterms. they are way ahead of it. i want to ask the idea that gary gensler is removed from the s.e.c. and changes at the ftc. i thought the sticking point was regulation. is there something else the crypto industry wants? >> reporter: certainly for gensler, yes. hat is a huge thing they want. you are seeing the ceos come without with the various names and something we are keeping an eye on here. look, you will have various administrations. they come, they go, they put in new folks at the s.e.c. regulation and legislation, i think, really, is what they are looking at because that has a

longer term effect. a lot of crypto folks who i sit and talk with say there are people interested in crypto, but the ground work is not there to have a safe bet and to have that more regulations to say this is a digital asset is a security and this is a commodity will help people going forward with crypto. that is a huge thing they want to see because once a bill passes, it's really hard to take it back even if you switch administrations. >> two words we will hear in a couple days. somebody wants to trademark this. crypto czar. it's coming up. >> reporter: it's coming. get ready. >> great reporting. thank you. coming up here on "worldwide exchange," -- coming up on "squawk box" i should say. we hear from two ceos whose companies have been riding the crypto rge. robinhood's vlad tenev and then

coinbase's brian armstrong. coming up on "worldwide exchange," the stock pick every investor needs to know and soft bank jumping. we have the big money movers coming up right after this break. stay with us. convenient plans tt offer all of the benefits tt of original medicare, plus extra coverage and benefits. with a humana medicare advantage plan, you could get doctor, hospital and prescription drug coverage in one convenient plan. with zero-dollar copays on hundreds of prescriptions. most plans include dental coverage, including zero-dollar copays for covered preventive services. vision coverage, with eye exams and an allowance for eyewear. even hearing benefits, with routine hearing exams and coverage toward hearing aids. that's more than you get with original medicare. but it gets even better. because humana offers zero-dollar or low monthly plan premiums. you'll also get,

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time for the big stock stories of the morning. live nation. revenue fell below forecast. the company also didn't provide an outlook for the remainder of the year. tickets in september and october were up more than 20% year over year and that continues to reflect strong demand. shares of zeta global upped guidance for the quarter. shares are down more than 10.5%. the cloud provider reporting a loss. iac is announcing the spinoff of the platform angi. the ceo telling cnbc it is healthy enough to be on its own and focusing on a few things well. shares of iac are up 1.5% and shares of angi down 10%. and shares of soft bank jumping after swinging back to a

profit to the latest quarterly results. fueled in large part by higher share prices in the vision fund. tech investment arm. coming up here on "worldwide exchange," riding the trump bump. the sector our next guest says the sector our next guest says could get a big boost (♪♪) (♪♪)

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a lot of discussion about how politics may impact performance, frank. >> absolutely. we're going to hear a lot about that,leslie.

>> bonds returning about 5.3% whereas under a democratic administration it was about that. >> leslie, thank you very much. great to see you. >> thanks, frank. >> all right, futures are pointing to a lower open on the back of that latest record setting day for the markets. again, as mentioned markets coming off record highs. now they're pulling back a bit. we're talking about a trump trade. is this a sign it might be cooling off in your mind? >> that's yet to be determine but we do have optimism very high. how sustainable is optimism especially given the possibility of a turbocharge of the u.s.

economy, which should fuel optimism, frank, but at the same time could very well take the deficit much higher, which i think is a lot of us are concerned about. >> yeah, a couple things to weigh there. with that in mind, what's your word of the day? >> optimism. i think that's what it's all about. we have small business optimism coming out this morning, and i think that's going to be clutch going forward. everyone is expecting a turbocharge of the u.s. economy with republican sweep, which sounds great but really depends on what happens with the fiscal deficit and reinflation, frank. i don't think the fed is going to cut as nearly as the markets are pricing in, and i think that's going to potentially weigh on sentiment. the big issue, i think is going to be how much deficit reduction can be done if corporate taxes and individual taxes are going to be reduced so dramatically. >> okay, you're kind of giving us two sides. you're saying how long can hope

last at the same time you're optimistic. very quickly and do want to touch on something i think a lot of people are optimistic about, the bond market. >> bonds yields actually cooling on the thought president trump can cut spending. when you're looking at bonds how optimistic are you yields will stay low snr. >> to be clear i think the scenario is positive if, in fact, there is a form of deficit reduction to the tune of even close to the 30% that the administration is talking about with elon musk. but, look, i think you want to be in steepeners right now. there's a very good chance the premium is going to move higher. i do prefer the shorter end of the curve. i think high yield is probably going to be a good place to be at the moment. >> catherine, almost out of time, but what is your pick for us today and why? >> yeah, look, i think industrials and defense are going to be the sectors that continue to move higher as well as banks especially if we get a

steepening of the curve. i think those are the traditional trump trades. >> among them would you play one of the etf, stock or etf? >> i definitely think the index, which you can play diversified. >> thank you very much. that does it for us on worldwide exchange. "squawk box" starts right now. good morning. the price of bitcoin it says here is retreating, but that's after it hit 90,000 nearly. okay, it is. it's down to 85,000 or something like that. we'll show you what's moving right now. and home depot set to report. we need an expert on this. where we can find one and the numbers in the instant market reaction, got one at the table. and president-elect trump continues to fill key positions in his new administration. now reports say he is expected to name senator marco rubio as

his secretary of state. it's tuesday, november 12th. that was only a week ago. only a week ago. "squawk box" begins right now. >> good morning, everybody. i'm becky quick along with joe kernen and andrew ross sorkin. it's only been a week since the election, but, boy, have we seen moves ever since. let's take a look at the futures this morning. this is the first time we've seen red arrows in the morning after the election. dow is indicated down only by about 8 points, the nasdaq off by 35. both the s&p and