tom mcclellan talking about the selloff.out 311 mcdonald's a big story earnings and sales that did beat the street we'll talk to ed rensi who ran mcdonald's and andy pundzi with us ron kruszewski unh a big piece ofhi ts. "squawk on the street" is back in a minute. we have a question about your brokerage fees. fees? what did you have in mind? i don't know. $4.95 per trade? uhhh and i was wondering if your brokerage offers some sort of guarantee? guarantee? where we can get our fees and commissions back if we're not happy. so can you offer me what schwab is offering? what's with all the questions? ask your broker if they're offering $4.95 online equity trades and a satisfaction guarantee. if you don't like their answer, ask again at schwab. >>> mcdonald's shares are out. the best same store sales growth in six years for more on mcd and to talk about some of the big jest stories of the day, let's bring in ed rensi and andrew puzder. >> good to be here. >> good morning. >> u.s. comps four five, there's a lot to look at here. and

tom mcclellan. >> good to see you >> when we come back, what the bond king, jeffrey gun lack says hem the s&p in 2018 >> plus, the ceo of dish will join us on the future of television and his first interview as ceo of the company. dow down 66. back in a moment >>> we have another suck session story to get to. wilfred frost has more on the tenure of the big bank ceos. >> the median tenure of the big bank ceos is eight years for the s&p 500 companies overall, four years, half that clearly, jp morgan's ceo, jamie dimond, and lloyd blankfein stand out. also, they're the most talked about on wall street let's look into their possible successors first, goldman sachs if the transition is soon, it's hard to see anyone else get a look other than co-ceoss david solomon and harvey schwartz. we're looking at the client expert against the gentleman with a broader background. the longer that we wait for transition, the more this younger group of leaders stand a chance pablo salami, head of securities with his trading background stands a good chance of being elevated to deputy if solomon or schwart

. >> many people know tom mcclellan, and this is the index, andummation it is advances versus declinersthis peek in the early part of january, notmake a lower high, it is keeping up with the broader market, and all of a sudden it gives you a warning sign. on monday andcked had a 60 point decline in the s&p, and it gave advanced warning that something like that could happen. my thinking is that it is important to keep an eye not but it wentme -- from being flat last friday, without the market was at a -- was update, and then it declined. monday and tuesday was negative on the downside, so it is a big concern and warning bell. abigail: belichick or could be a correction or pullback in our it looks like there could be a correction or pullback. julia: we explain the dangers surrounding funds that have raised more than $350 million so far this year. this is bloomberg. ♪ scarlet: a popular etf now risks closure. hasalternative harvest etf 350 million raised this year and is doing well late performance wise, but what exactly is the problem? it could be the federal law. rachel, tell us what the