breaking news this morning. war in ukraine front and center. ukraine using u.s. long-range missiles for the first time against russia. a short time, the russian president talking about nuclear weapons. markets overseas are pulling back as well. we have the latest on this tuesday, november 19th, 2024. right here on "worldwide exchange."

stay with us. thank you for being with us. i'm frank holland. we will have more on the breaking news right now. we will get more on the breaking news and the war in ukraine. russian president vladimir putin signing a revised doctrine lowering the threshold for the use of nuclear weapons. putin saying any attack supported by nuclear power would be considered a joint attack on his country. monitoring the bloomberg report that ukrainian officials that armed forces carried out the strike in the border region within the russian territory with u.s. made tactical missile systems. we are following this breaking news. we will bring you the latest as they happen. now we look at the u.s. futures. breaking news, ukraine using u.s. made long-range military missiles i should say on russia.

futures turned lower. they are down .50% across the board. they were in the green before that happened. basically 28 points for the s&p. the dow futures are down 250 points right now. looking like they would open .50% lower. similar for nasdaq futures. down 7 points right now. opening up .50%. now we look at the dow lag dpard laggards. we are seeing boeing down and followed by jpmorgan chase all down .50%. boeing down 1%. we want to look at the dollar index and moves on the dollar index since the news crossed. the dollar taking a dip. you see it on this side of the chart. obvious, big spikes to the upside. the dollar is actually higher up .25%.

a bit of a down side move, but a spike, perhaps, some global traders seeing some geopolitical tensions moving the dollar there. we take a look at gold. we have seen this as a safe haven trade. it has pulled back since the election. right now, bold has piked up .75%. the upside move in the pre-market. you want to take a look at bitcoin. digital gold or other form of currency. up about .13%. seeing a move here perhaps after the news crossed with a spike. this is a volatile market with the down side move here. remember, bitcoin does trade 24 hours a day. it is hard to track what is moving this. it is up .13% right now. that is the money set up. let's get to europe and europe's reaction to the breaking news. ukrainian forces using long-range missiles within russia for the first time. u.s. made long-range missiles.

silvia amaro has more. >> very good morning, frank. i have two market narratives to tell you about today. let me tell you what happened in the asian session today. we saw a strong performance across the asian equity space as the chinese government told wall street executives at the global financial leaders summit in hong kong they will move ahead with capital market reforms. this as the country's vice premier pledged stimulus benefits for hong kong. however, when you think about how we are trading in europe, investors are focusing on the geopolitical space, frank, because we were lacking direction in the european equities this morning. however, as we got to the developments on the geopolitical scene, we are seeing the european bourses lower. dax is down 1%. the cac 40 is down 1.2%. when you think about the ftse

mib, also down almost 2%. that's the italian market. let me show you how the different sectors are trading at this stage as we continue to monitor what's happening here starting with the best performing sectors. ies up .75%. let's take you to the worst performing sectors because that's where we are at this stage. construction and materials down 1%. travel and leisure down 1%. banks are down 2% after goldman sachs changed their rating on the european banking sector. at this stage, frank, it is early to understand how the developments in the geopolitical scene could be impacting markets. we are just getting a few pieces of information for the time being. let see how we continue to trade throughout tuesday. >> silvia amaro, thank you. we turn to our guest this morning. jeff, bit of a different tone.

i want to repeat it. ukraine using u.s. made long-range missiles in russia for the very first time. you were prepared to come on and say defense was under pressure. defense stocks, i should say. does this change your mind? >> not really. just because we have a trump presidency doesn't mean the world will become less dangerous. i think it favors certain defensive stocks than others. when you think of palpalantir o the others. when you look at lockheed martin, they are more at risk of elon musk and vivek ramaswamy with the government of efficiency. i think they are more in danger than palantir. >> all right. palantir had a tough day

yesterday. >> yes. >> you thought the traditional names. lockheed and northrup with more trouble potentially. after the palantir sell off. is this the buy the dip? >> i think so. palantir is doing unique things. they are able to be nimble than the majors in the past. more importantly, they will have important defenders in the new administration. >> moving on to the other things that we're focused on today. some google news before the breaking news just to be clear. on the idea that it might be forced to divest the chrome browser. you are a google investor. top holding for your firm. how do you view the news and the narrative with google overall? >> i'm a little surprised they are trying to do a full-court press going into january 20th when they get booted out.

lina khan is going to be booted out. there will be a huge change. if you are google or the other companies they are targeting, microsoft or hp, you have to run out the clock. from the long-term perspective, i don't view the u.s. has juice in the antitrust suit against google. they still have to fight the eu off. that one never goes away. >> you are specifying u.s. versus the eu. you don't see any real business risk, but what about the potential for fines and the impact on earnings and revenue. the idea they might have to make changes in europe. does that change your view on the valuation or the eps this company can generate? >> a little bit. i worry less about europe because i think they're pushing too far. one of the european regulators say they want to break up google. they will never do that. that's an impossible task. if they do that, they have to back down to fines for google. that is typically a rounding error. they may have to change some tax

treatment, but that's not going to change the fundamentals of their business. >> alphabet shares. google. those shares down, you know, down over .50%. the shares were down before the breaking news. we are following breaking news. ukraine using long-range missiles, u.s. made missiles, in russia for the first time. futures turn to the red following that news. i want to go to one more thing you want to talk about today. the quote/unquote trump trade. the small caps. you believe in the small cap narrative. we haven't really seen them rally the way we expected them to just yet. you say there are two ways to play small caps. iwetf and the ijretf. we are looking at the chart right here. what's the difference? we're seeing the difference in performance. an gain, everything has taken a

turn to the down side following this news. >> there's a tale of two cities in small companies. you have those who actually make money versus those who don't. think of technology stocks that are profitable, but included in the small cap. the ijr has more customized companies they are working with. fewer, typically stronger earnings. our view of small caps comes from they survived the tough time over the past couple years. you look at one example of the stock. sofi took a beating in 2022. since, they bottomed out and they are on the way back up. that is a stock that could benefit from trump services. you are looking at people getting excited about what the trump administration is going to do for the financial services and banks. that's an example of a company that could be up and coming. from the index at large, i think the ijr is a better play.

it also has a lower price expense ratio than the iwm. >> jeff, i want to come full circle. how do you see the rest of the day playing out? ukraine uses u.s. made long-range missiles in russia for the first time. putin said the threat of using nuclear weapons has changed based on any country attacking. that changes the threshold for the use of nuclear weapons. how do you see this news playing out? >> volatile. i don't think it is just a today thing. between now and the end of year, expect volatility. any time we have something in the geopolitical issue, it is raging with what is going on with as. expect volatility as well depending on who that person is. that is the name of the game throughout the end of the year.

>> jeff, thank you. following that news, long-range missiles used in russia. coming up here on "worldwide exchange," a lot more to cover including the one word that investors have to hear today and the stock pick that every investor needs to know. first, staying ahead of the pack. details on what's next for weight loss giant novo nordisk and one of the top competitors. plus, the price of the cup of coffee may be a bold brew. we have the big numbers coming up. and my guest's next retail pick with walmart and lowe's ready to report. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us.

welcome back to "worldwide exchange." take a look at u.s. futures in the red across the board. the dow would open 275 points lower. this is on news that ukraine has used u.s. made long-range missiles to attack within russia and russian president putin said the use of the threat of nuclear weapons has now changed. the s&p down nearly .50%. we want to look at the nasdaq laggards. these are the stocks trading lower in the nasdaq. to be fair, everything is trading lower after that news. asml is down 1.5%.

applovin is lower by 1.29%. let's get a check of the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning. let's start with big tech. new reports that the justice department will ask a judge today to force alphabet's google to sell off the chrome browser and measures related to the a.i. products and android operating system. this is the same judge who ruled back in august that google illegally monopolized the search market. the doj is pushing a radical agenda that goes far beyond the legal issues in this case. meanwhile, shares of super micro computer adding to yesterday's gains. we are seeing them up 30% in the pre-market. this after confirming a report after the market closed it hired

bdo as its new auditor after ey resigned back in october. the company also officially submitting plans to the nasdaq to maintain its listing on the exchange. super micro shares plunged more than 54% over the last month. actually 40% in the past month. and we are watching shares of trump media and backed holdings after wild moves yesterday that saw djt close 16% higher what it gained more than 60%. a report that trump media is in talks to buy the crypto platform that is own i had ed by intercontinental exchange. djt's nearly $7 billion market cap has given management value equity for deal making. bakkt is set to open more than

$470 million market cap. frank. thank you. we will turn our attention to the developing story and the donald trump ing cabinet. naming former congress member turned fox news host sean duffy as his transportation secretary. reports this morning that the president-elect is considering pairing former fed officials kevin warsh and scott bessent. they are among the many times floated, including cantor fitzgerald's ceo howard lutnick. healthcare select sector is down more than 1%. it did turn red for the year. down .13% for the year. among those losses are novo nordisk and amgen. could a turn around be taking

shape? here to answer that question and more is anjelica peebles. >> that is right, frank. the first is from novo nordisk and amgen. let's start with novo. the phase three trial shot is a combination of the active ingredient in wegovy and ozempic. novo wanting to see weight loss of 20%. that would be higher than wegovy and zepbound. over to amgen, they already said they are advancing to phase three. the phase two data will help us understand how competitive it may be. the amgen shot needs to show 20% to 25% weight loss and drop rate of 10%. we will look for data around bone mineral density. that is a side effect that got attention last week. the biggest issue for it is it

is given less frequently. there's a lot to look for here and both companies are expecting the data by the end of the year. it's mid-november. we'll keep our eyes peeled. >> certainly. anything with the weight loss drugs. they are looking for every cough and spit. i think the basic question we have to ask is the weight loss is the big trade. why is novo nordisk trading lower? they have the drug. >> i think for novo, they have been on the upward trajectory. there's been so much expectation and growth there. now the question is can they maintain their lead. they created the market and you have eli lilly with zepbound and they have a pill in development and another drug that could be effective in development. now amgen is trying to get in and all of these other companies. for novo, people want to see can they make or get into the 2030s here and still remain competitive in this space? >> one other question for you,

we'll talk about nvidia earnings coming up today and everybody keeps trying to figure out when's the top? when will they stop beating estimates. when will the demand cool off? is the concern for the glp-1 drugs is going to cool off? >> there were questions last quarter if the demand is softening. novo nordisk and eli lilly said there is still plenty of demand here. he have one will be watching closely. these earnings are similar to nvidia where people want to see exactly how they can compare to the estimates. i think it's still early on if you listen to dave rickts at eli lilly, he says we're in the first inning. >> he sounds like dan ives. the after party, a whole thing. very interesting stuff. anjelica, thank you for joining us. >> thank you. rlidcoming up on "wodwe exchange," cnbc disruptor canva

making big moves ahead of the expected ipo. we have the details coming up after this break. stay with us.

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deforestion ls prices higher. shares are up 25% year to date. we are watching european traded shares of nestle under pressure after cutting the profit margin jut outlook. it is spinning off the bottled water bits usiness. shares are down 20%. down rights now 1.75%. we are looking at spacex which is expecting a launch of the vehicle today a month after the last successful test flight. two funds watching this launch is cathie wood's ark. spacex is the biggest holding and the baron fund which is up 14% in the past month.

tesla is one of its top holdings. coming up on "worldwide exchange," more on the breaking news and russia's vladimir putin raising the stakes in the war in ukraine. we're back after this. (♪♪) i've always been driven to get my money right. as a kid, i watched my mom struggle financially. her sacrifice allowed me to pursue my dreams. to create generational wealth. i'm partnering with sofi because they care about making your money work for your ambitions. just like my mom did for me. recognize a generational player. join the official bank of the nba. sofi. get your money right.

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welcome back to "worldwide exchange." we're watching breaking news. ukrainian military officials over ukrainian soldiers with the

first attack in russian territory with u.s. long-range missiles. putin saying any conventional attack on russia by any nation supported by a nuclear power will be considered a joint attack on his country. we are checking the market reaction to that news. taking a look at futures right now. you can see here we will show you in the red across the board. it actually turned to the lower side after that news broke. looking at the s&p futures down .50%. the dow futures down over .50%. the dow would open 270 points lower. the nasdaq down .13% right now. we want to show you the laggards on the dow. boeing down 1% followed by travelers and jpmorgan chase and chevron. we want to show you other moves in the market following the news. u.s. made missiles used by the ukraine military to strike a

target within russia. we will look at the market reaction following the breaking news. the moves on the s&p 500. futures turning to the red after the breaking news. we will show you the treasuries right now. taking a look right now. on full, excuse me. look at treasury yields right now. you see them moving lower right now. the yields moving lower right now in the pre-market following that news right now. you are seeing a flight to safety to u.s. treasuries right now and the benchmark. the moves of the u.s. dollar is often a safe haven in geopolitical tension. you see the run-up here with the easing back a bit. huge run up. the dollar index up fractionally. the move or spike following the news breaking. the gold. this is another safe haven trade in times of geopolitical tensions. moves to the upside. when it comes to the gold and

the news breaking, you see it flattening out. it is up just about 1% right now when we are talking about gold. we want to take a look at bitcoin. remember, bitcoin trades around the clock at well. moves in bitcoin and the dip and once the news broke, kind of volatile with the cryptocurrency. right now, up .13%. remember, bitcoin does trade around the clock. we want to see the moves in the oil market in times of geopolitical tensions. crude is taking an upside following the news. it is stabilizing. wti down just about 1%. you can imagine similar moves with brent crude as well. wti trading below 70 bucks a barrel. following this news that the ukrainian military used u.s. made long-range missiles to strike targets in russia. vladimir putin saying the threat of the use of nuclear weapons has changed. we will follow that breaking news throughout the show.

time for a check on the top corporate stories with silvana henao. silvana. >> frank, good morning to you. boeing apparently carrying out a fresh round of layoffs. according to reports, the aerospace giant is cutting 2,500 jobs across the u.s. the company revealed plans to cut 17,000 jobs or 10% of its global work force to address the financial fallout of its recent workers strike and production delays. canva is tapping zoom's former finance chief to become the cfo ahead of the expected ipo. kelly steckelberg took zoom public five years ago. a speaks okesperson for canva declined to comment on the timing of the ipo.

and coinbase ceo is set to meet with president-elect trump. the two will meet next week likely discussing appointments for the trump administration. armstrong has suggested that ester pierce is tapped to be the next chair. >> silvana, thank you very much. let's turn to earnings. retail giants reporting third quarter results before the opening bell. lowe's at the top of the hour and walmart later in the hour. lowe's with lower sales with the pressure from the housing market and do it yourself customers cutting back on spending. walmart is expected to benefit from the grocery business and growing online sales. joining me to discuss is zach johnson.

a member of the fa 100 list. walmart is in the portfolio. zach, good to have you here. >> good morning. thank you for having me. >> we mentioned walmart reporting earnings coming up. what are your expectations? the estimate is 4% growth and same-store sales and similar numbers for the current quarter which includes the holiday season. in your mind, is that good? is that good enough? >> you know, it really is in this environment of generally tough retail environment. for walmart to be able to post approximately 4% comp sales as you stated and looking to do that next quarter as well is really indicative of the quality and value and how they are able to do that. you know, what's really important and what we want to see in the report is the next quarter. when we came in, we saw a statement regarding the consumer

and there was a lot of stress and concern and maybe that consumer is hitting a wall. now that quarter is up beat. amazon and deckers and mcdonald's came out and said the lowest end consumer is showing a little positivity. what walmart does best and what they are able to do extremely well is manage cost and provide thattypes of consumers. >> you think the same-store sales are solid if they are able to meet the estimate s. i want to talk about the grocery business. that say is a bigger part of th grocery business. other competitors are trying to get into the business. a lot of competition from delivery services. >> it is a tough business when you look at grocery business, low margin business overall. that's where walmart can excel. they are continuing to garner market share. it is about 60% of the u.s.

business. you stated it. there's a lot of competition. who wants to compete with walmart when it comes to their logistics and footprint of overall buildings? that's where walmart can continue to excel. we saw amazon try to step in the business a while ago and they really struggled. i think walmart generating more and more market share as they get people to come in, that means the higher-end consumer will spend on the grocery business as well. so they can sustain some of the growth rate. it's indicative of how they are capturing market share from ecommerce and cery and some of the digital space. that's why we like walmart here. >> you like walmart here. it's interesting you used that term right here. more than twice it's rival of target. when you say you like it here. are you buying here or are you

holding here? how do you view the val atio,. >> great question. it is obviously eye popping. we still do like it. we aren't going to ada here. this is the he epitome of the company you want to hold. if you look back historically, what walmart provides is goods and services people need. when you are paying 30 times for a tech company, let's say, or an industrial company, and we're in the economic environment that we're in and if we go into a down turn, they will experience significantly more demand destruction. walmart, we go into a downturn and that's where they excel more. paying that 30 times or 30 times plus multiple on a forward basis, we feel comfortable with that when we are talking about walmart. the question is do you adhere? we don't think you add here. it is a hold. it is a core nothing's our portfolio.

we like it that way. >> zach johnson, thank you. coming up on "worldwide exchange," more on the breaking news and futures turning sharply lower on the escalating tensions around the war in ukraine. you see the futures are in the red across the board. the dow would open 270 points lor. the s&p and nasdaq under pressure. much, much more on the story and the moves to make in the trading day head. that's coming up right here on "worldwide exchange."

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welcome back to "worldwide exchange." we are taking a look at u.s. futures following the news that ukraine used long-range missiles made in the u.s. to strike in russia. vladimir putin saying the line to using nuclear weapons saying the line has changed. the dow would open 260 points lower. nasdaq down .25%. the s&p under pressure as well. we want to look at defense stocks this morning. taking a look. seeing lockheed martin moving .13% higher. same for rtx. northrup up .50%. the aerospace etf up .50% in the pre-market. we have news from bloomberg reporting that apple is increasing the offer to indonesia to lift the iphone

sales ban. apple's previous investment plan involved in a factory making accessories and components. sales of thyssenkrupp jumping after the $1 billion impairment. it continues talks for a joint venture for the steel unit. the hong kong court sentenced 45 activists in prison in the biggest national security case ever. the defendants were arrested in 2021 over the participation for the opposition legislative candidates. coming up on "worldwide exchange," the one word every investor has to hear today and the stock pick every investor needs to know. plus, capitol hill is busy as lawmakers race to get their to-do lists done before the year ends. on the agenda is keeping the lights on for the federal government. we're back in just a moment.

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welcome back to "worldwide exchange." lawmakers have a long list of things to accomplish off the holiday. we have emily wilkins here with more for the top priorities on congress and the full to-do list. emily, good morning. >> reporter: they do, frank.

congress has 20 days before the end of the year. that is still time to pass measures on a.i. and china and disaster relief. a number of the measures could hitch a ride on must pass end bills. one to fund the government and one for the military. these bills that might catch a ride include several measures that integrate a.i. into the pentagon including a.i. to optimize the operation of the department and manufacturing ies and development of a.i. weapons systems along with several other a.i. bills. plus, several measures are decoupling from china. this includes bio-pharmaceutical companies to cut ties with chinese companies. the white house is also asking for about $100 billion aid for disaster relief. that includes $2 billion for a program directly for small

businesses that had its funding run out last month. also in the must-do bucket, you mentioned, of course is funding the government. the current funding lasts through december 20th. speaker mike johnson wants the current funding to continue until next year. majority leader chuck schumer wants to have 2025 funding done by the end of this year. schumer also made it clear that the senate's remaining time will be approving federal judges. don't expect a lot of movement left on the table. this is crypto, allowing marijuana companies to access banking systems and rail safety. a lot of stuff remains on the table and at this point it is a question of what can get done on the two larger must-pass bills. >> let's get to the december 20th deadline. emily, what are the odds of a government shutdown right before christmas?

>> reporter: we see it every year, frank. i feel this is now an official part of christmas in washington, d.c. is the battle over government funding. i think at this point, it is a real question whether you see republicans say, look, we'll hold the line. we need to continue current funding into next year when a republican unified government can come up with the rest of 2025 funding or whether you are going to see lawmakers say, hey, this is going to be done in a bipartisan manner. of course, it is finally get things done before the end of the year. i think we're still in that part of the debate. certainly we've been here before with the pre-thanksgiving question and we have seen them actually able to pass government funding for the next year. it is possible. it's still on the table. i think they are trying to figure out strategy at this point. >> a new holiday tradition that i don't think anybody enjoys. emily wilkins, good to see you. coming up on "worldwide exchange," more on the breaking

news and escalatg teioinnsns in ukraine. the futures turned sharply lower on that development. more on how to nag navigate the fresh volatility. more when "worldwide exchange" returns.

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welcome back to "worldwide exchange." here's what to watch today. housing starts and building

permit data before the opening. we get reporting from lowe's and walmart and viking holding. stay with us for the interview with satya nadella. turning back to the breaking news and the war in ukraine. today, russian president vladimir putin signing a revised doctrine lowering the threshold for the use of nuclear weapons. putin saying any conventional attack on russia would be considered a joint attack on his country. we are monitoring the bloomberg report citing the ukrainian officials carried out the first strike in the border region within russian territory with u.s. made army tactical missile systems. take a look at futures. they were in the green before the news broke. now turning sharply lower. you can see right here. s&p futures down 24 points or nearly .50%.

the dow looks like it would open 250 points lower. down more than .50%. nasdaq down 60 points. the vix well off the recent highs. well we'll show you the vix in a moment here. look at the big spike after the news broke. that's the volatility index. for more, let's bring in tiffany mcghee. she is a cnbc contributor. thank you for being here. >> good morning, frank. >> let's get your view on the news here. ukrainian forces using u.s. made missiles to strike in russia and russian president vladimir putin saying this changes the use of nuclear weapons. how does this change the trading day ahead? >> you talked about that. the conflict is escalating. i clearly expect to see some kind of reaction, immediate reaction, knee-jerk reaction.

in terms of like longer term, this is year three of the conflict. while initially we saw a spike or spikes in prices with agriculture commodities, that levelled off, especially wheat. we see wheat trading in a much lower trading range. long term, we've had less of an impact on our markets. we have to wait and see. >> you are giving us a reality check of all this which leads into your word of the day which is reality. why is that your word of the day? what is the reality we need to face? >> first of all, there is perception and then reality especially over the past few months. there's this perception that the economy is not doing well. you know, inflation is down, employment is up and wage growth is up. out pacing inflation. consumers are strong. so, the reality is that the economy is actually doing quite well. the second thing is there's this

perception of -- perception of a trump administration and the potential reality of the trump administration. i think initially the market reacted favorably to the results of the election because, number one, the market does not like uncertainty. we had more certainty around that. number two, the perception is that a trump presidency, administration is going to be more favorable, potentially more favorable to stocks. the reality is that, you know, there is a bit of a wild card there. if he is able to implement his full, you know, policy agenda, there's some potential risks, especially around tariffs. >> you know what is another reality? we get nvidia earnings after the bell on wednesday. there is a note from bank of america saying the market is all about the nvidia results. expected to be the market driver in the near term. analysts write in part there is a laser focus on election and rates on the fed as you were saying, but the options market

suggest it is a big deal for the broader market and driver going forward. do you agree with that? is that reality? >> i do. so, listen, frank, you do this every single day. whenever we have these big information drops, it is always a knee-jerk reaction. nvidia is a big part of the s&p and nasdaq. yeah, i do expect whatever the outcome of the results are. there will be a knee-jerk reaction. it is also a indicator with a.i. of the names going forward. >> there is the perception of the trump administration, but the reality. what about the trump trade? that's reality. are there parts that are sustainable after the election bump with the financials with deregulation? we saw tesla move higher yesterday on the thought of deregulation. >> i think we will not find out until we get well into 2025. again, there were, you know, campaign promises. if we're looking at the past,

his past term, there were a lot of things said and some things were done and some things weren't done to the scale that was unpromised. i think we have to wait and see. i think his first 100 days will be quite telling. i'm not making any long-term investment decisions based on -- based on campaign discussions. i really want to wait and see what -- what those first days are like. >> let's talk about the investment decisions are you making. what is your pick for us today and why? >> frank, with all of this talk about the election and all of the things going on around the world, thanksgiving is next week, right? >> it is? >> black friday. we're in it. 'tis the season for retailers. i'm a shopper and go big with amazon. >> why in particular amazon? we will show the chart here. i was looking at amazon before the show before the breaking news.

again, ukrainian forces using u.s. long-range missiles to strike in russia. the russian president vladimir putin saying this changes things. why do you like it so much right now and in your mind, is there a tariff concern? is there any other concern for a retailer like this that relies on goods that come from overseas? >> first, my decision to pick amazon, it's in our portfolio. we are looking for opportunities to add. amazon say staple. ahead of the holiday season, amazon is one of the largest benefactors of that. that is really my choice. again, we have to really look and see how these potential trump tariffs play out. it's one thing, you know -- >> back to your world of the day. reality. >> right. >> we have to see reality versus perception.

tiffany, thank you very much. >> thanks, frank. before we go, one more lock at futures moving sharply lower after vladimir putin lowers the threshold for the use of nuclear weapons. you see they're in the red across the board. the dow would open 250 points lower. a bloomberg report that ukraine carried out the first strike in russia territory with u.s. made missile systems. futures turned lower after the news broke. the s&p down .50%. that does it for us. "squawk box" starts right now. good morning. you can just see it happen. stock futures turning sharply lower this morning after a report said that ukraine had launched an attack inside russia using those recently -- i guess they're allowed to do it. long-range missiles supplied by us in the united states. back in the united states, president-elect trump continues

to tap key administration picks. still waiting on the biggie, though. treasury secretary. we take you live to west palm beach. reports say doj and anti-trust officials will ask a good to force alphabet to sell its chrome browser. it's tuesday, november 19th, 2024. "squawk box" begins right now. ♪ good morning. 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. as joe mentioned, the u.s. equity futures are under pressure at this hour. you will see the dow futures down by 226 points. s&p futures down 18.

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