. >>> dom chu has a look at the market scenarios investors can expect for either outcome on today's vote as well >> there are market expectations what the default outcome will be you heard him talk about theresa may, the prime minister's proposal will be voted down. but just what reactions could be is up to interpretation. let's look at some opinions out there about the forecast, what could happen in certain scenarios. john wraith talks about what happens if it is approved, not a likely scenario, but still, what could happen in that scenario. there could be recovery in corporate investment, that may be a positive thing. accelerated earnings growth and boost in consumption arise in the pound, and front end yields that's one take. what happens in the default scenario if we do not get something that happened today with regard to theresa may's proposal look at this scenario. eric nelson, wells fargo, expected outcome as parliament

dom chu is breaking it down back at headquarters. dom. >> oh, what a recovery it's been, melissa, after the carnage on christmas eve the s&p 500 has risen in v-shaped fashion and gained 14% from that near term bottom that's what the average s&p 500 return is for a member stock during that time as well there are outperformers and underperformers. let's focus on manufactusome of that have sat out the recent rally. other retailers have sat out like macy's, which is down around 9% during that span, thanks to disappointing results from the holiday shopping center numont mining down 8% because of its big stock and cash purchase of gold corp altria is underperforming but up a percent as investors take stock of the future, not just tobacco, but vaping trends and cannabis delta airlines up after an up-and-down ride for shareholders given concerns for future guidance. those are a sampling of some of the underperformers as traders try to evaluate whether some companies and stocks are better positioned to catch up to the market's reechbcent run

. >>> sue, thank you very much oil market closing for the day dom chu is on it >> a down day for oilbrent crude futures on the day by about a couple of a percent 51, 61 the winning streaks have been snapped, both benchmark prices posting the second straight week of gains, however, optimism over the u.s. and china trade developments have been a driving force behind the christmas move off the lows and up 20% and the energy sectors guys, the best performer in the s&p 500 up 16% since then and then baker hughes, showed active oil rigs back to you, kelly. >> thank you, dom chu. >>> still ahead on "power lunch," dc investing hit an all time high. will this year top that for venture capital? plus, the shutdown slamming small business one who says sales have dropped off a cliff and our special series, investing for a lifetime today, it's all about protecting your money in your 70s we'll be right back. >> and now the latest from tradingnation.cnbc.com and a word from our sponsor. >> short selling can help you profit from a stock's decline but because of the limited risk, you must have a plan

thank you for that dom chu at hq. >>> jpmorgan ceo jamie dimon doesn't think it will be a hard brexitnd softening as we await the decision in a few hours. joining us, financial times u.s. managing editor, jillian ted great to speak with you. this has been a complicated one to follow in large part because of the what if scenarios in terms of how you cover this and think about it, what happens if as largely expected parliament votes down this deal? >> well, complicated sounds like british understatement frankly hellish. the reality is we don't know one of the reasons the markets haven't overreacted is because the balance of probabilities on both sides is evenly balanced. the most likely scenario is that if theresa may loses by less than 100 votes, she will soldier on and keep going. she's absolutely a british bulldog who keeps going no matter what. if she loses by more than 100 votes, could see no confidence vote, we could see rebellion strong market reaction theresa may will still keep going, but it will be increasingly hard to pretend this deal has any chance of going through. what's

. >> dom chu, thank you for bringing that to us.has been a volatility stock >>> turning back to kara swisher, howard schultz, former starbucks ceo telling 60 minutes he is considering a run for president in 2020. take a listen. >> i am seriously thinking of running for president. i will run as a centrist independent, outside the two party system >> kara, back in 2017 you tweeted response to an axios article saying bob iger may run in 2020. guessing howard schultz would throw his hat into the ring as well turns out looking at this, your prediction may be coming true. what do you think? >> i didn't think bob was going to run at all, he said that to me several times i know howard pretty well when he was running starbucks, met him a long, long time ago. you know, he sent me some thoughtful, we had some thoughtful exchanges about the issue and i think he cares deeply about this country. it is difficult to come from an independent position without one of the major parties, so i don't know about that. not sure if he just wants conversation

dom chu is back at hq taking a look at the wall street road map for 2019 and those caution signs thatestors should be watching at the beginning of this new year. dom. >> all right so there are a lot of potential catalysts for what could drive markets and they fall into general themes they're the same themes that have been playing out since 2018 let's put some dates on them for you so you know as traders and investors what to watch for. first of all, later on this week we've got a big jobs report as well as jay powell speaking and making public remarks. next week we've got trade talks possibly starting up with china. the week after that, january 14th, is the fourth quarter reporting season start, so watch those stocks there at the end of the month, january 30th, a big fed meeting with a press conference and look what you'll watch for in march the beginning of march will show that trade deadline with china and the trade and tariff discussion march 1st and then march 19-20 another fed meeting with this associated press conference so overall, guys, a lot of dates to keep an eye on and one

thank you for your time. >> thank you. >>> back to dom chu with a market flash on the retail name. >>stocks are moving lower today led by gamestop that stock on pace for the worst day since 2002 after that company ended the plans to sell itself this after being in talks with prospective buyers over the course of the several months and worth noting that the group of stocks is up more than 7% on pace for the best month of a start of the year since 2017 and the first positive month out of the last 4 and retail stocks very much in focus and still though, kelly, a good start to the year. >> we'll take it thank you. >>> check please is next >>> check please. >> and i call your attention to a chart today of pg&e. pacific gas and electric which right now is up 14%. at $13.78. i would remind everybody, that is company that filed for chapter 11 this morning. what am i missing? >> should be zero equity value. >> worthless now i get it when companies file chapter 11 you get the day trader that is trade the stock hourly. >> i think it might be more than that. >> which i understand. it's $13 usuall

dom chu is back at headquarters with what stocks are worth now hey, dom. >> well, it's been a pretty strong rally for stocks since the market bottom on christmas eve. as a result, stock market valuations have also staged a bit of a comeback from depressed levels with the overall market we took a look at forward price to earnings ratios in late january of last year, the broader s&p 500 traded at around 18.7 times expected earnings today that number is closer to 14.9 times that's around a 20% drawdown from peak valuations inside of the last year. now, from a valuation perspective, the sector that got absolutely crushed the hardest was energy, which needed with a forward pe of 26.7 in early january last year. it currently trades at around 15.6 times that's a 42% drop in relative valuations industrials traded at a forward pe of 20 in mid-january last year and now it's 14 that's a 30% drop. now, even a blue chip component, say like a boeing, which admittedly has been one of those stocks tied to the u.s./china trade talks and sentiment, it traded at 29 times forward earnings a year ago and

dom chu with the number. >> that rally in boeing accounting for a large chunk of the 300-plus points in the dow industrial average boeing shares right now account for 180 points of that rally another 60 coming from apple alone. those two stocks, the bulk of the gains in the dow jones industrial average s&p up by almost a full percent. nasdaq up as well. communications services is key here one of the laggards in this nice rally to the upside. only up 0.25%. at&t earnings a big part of that story. legacy tech, media, communications and facebook reporting after the bell those new economy, new world tech stocks doing pretty well in today's trade and communications services and the best performing stock in the s&p 500 and russell 1 thousand, advance micro devices up after its results for quarterly earnings and profits largely in line but a sales outlook somewhat promising those shares around 50% through the lows between the fall of last year and early part of december into january. and now up around 35% since then back over to you >> super impressive. dom, thank you >>> welcome to "the ex

. >>> what's likely to make the list of investor concerns this year let's check in with dom chu for thee this year back at hq dom? >> as we talk what about will happen with the investor concerns, take a look at our calendar because they're full of them in the first quarter of the year just on this week, january 4, later on this week, we got fed chair jerome powell speaking and a jobs report to talk about. later on next week we've got trade talks possibly starting with china to see if we can get things going next week after that, the week of january 14, fourth-quarter earnings reporting season and at the end of the month a big fed meeting. remember, every fed meeting will have a press conference. now, february will be a lot of those earnings reports and come march we'll have another big week on the march 19 and 20 another feed meeting but that's the deadline, march 1, for debt ago deal done on trade and tariffs with china so this will make for an eventful catalyst trading driven first quarter, back to you guys. >> dom, thank you. dom chu back at headquarters. >>> coming up, wharton's jer

chu. let's get to sue herera for a news update. >>> thank you. here's what's happening. as domeported, tokyo public prosecutors indicting nissan former chairman on charges of aggravated breach of trust and violating financial law, underreporting his compensation. makes his release from prison unlikely for months to come. >>> thailand immigration police chief says a saudi woman that fled abuse from her family will leave bangkok for canada the 18-year-old will board a flight for canada later this evening. >>> a california police officer shot thursday evening responding to a traffic accident has died 22-year-old natalie corona was only on the job a few weeks. the body of the shooting suspect was found with what appears to be a self inflicted gunshot wound. >>> spacex successfully launching the first mission of the year eighth and final series of missions to carry 75 communication satellites into space. the falcon 9 first stage rocket booster landed on a drone ship in the pacific very cool. >>> you're up to date. that's the news update this hour back downtown to you guys, morgan >>

dom chu with

. >>> european markets are set to close in a few minutes dom chu is watching the action dom?lutely. european markets closing higher on growing optimism, jon, of potential break through on trade talks between the u.s. and china, despite weak december retail sales out of the unieted kingdom. it is boosting resources stocks, heavier exposure to china here european bank also mostly higher, but let's drill down into one of the clear underperformers in trading overall, it comes in italy, shares of that milan bank tumbling more than 8% after warning the 2018 results were coming in weaker than expected that stock on pace for the worst day since july of 2016 on the telecom side there could be more turbulence ahead. bank of italy estimating sharply lower growth in 2019 finally, one other stock to watch is ryan air, falling after issuing a second profit warning in three months. the irish based carrier, europe's largest low cost carrier said lower than expected winter kpra winter fares would put a dent in profits. those shares are sinking, ryan saying they couldn't rule out a further dow

a hang over for constellation brands the stock at a 52-week low first a check of the markets with dom chutwo days, two voting februarys of the fomc making more dovish comments about the

. >>> the s&p 500 may be on a winning streak, but there's been a rash of warnings dom chu joins us nowpectations >> all right good morning, wilf we've seen anumber of companie come out and lower the bar and expectations for what they could report in terms of earnings overall. of course the shot heard around the markets this morning is what apple did when tim cook sent a letter, the ceo of apple, saying they were going to lower their revenue guidance for the year. that took down many parts of the market maybe feeling some of those effects right now. that was a big one macy's yesterday, they grew holiday same store sales, just not a lot. american airlines, the second major airline to come out and cut some of their full year profit forecast based on the traffic metrics they saw and revenue metrics they saw end of last year. now, as we enter that big earnings week next week, because delta reports, lindsey bell says between october 1st and now, s&p 500 earnings growth estimates have come down by almost 6%. 5.8%, 80 basis points lower than where they were just on october 1st of last year ove

dom, thank you very much dom chu back at headquarters let's get more into the markets now.r the americas at nomura good morning >> good morning. >> so you foresaw this move higher to start the year now you say it's about to end. cold water >> yes it's -- i was having a conversation with a senior hedge fund executive yesterday and he said you're really at the point where you're making nine-day market calls is that how tactical we've become i do think that that is the present and future state kind of on the one-year looking out. not so much a directional call in the market by any means the way that i've looked at this, the same way i came in here december 17th after anticipating a systematic selloff to go max short in equities we had that big impulse down part of that and certainly the performance environment and i know you spoke about that earlier in the morning the global growth slowdown, the fed looking tone deaf in december all set the table for that wide scale deleveraging across december. which ultimately set the table for the rally, right people were underpositioned. h

dom chu has more on them dom?meback from the lows and the high-yield debt market is one place where volatility has fallen, risk assets bid two of the large junk bond etfs have staged stunning rallies over the past couple of years. the ishares high-yield fund has gained 5% since the lows on christmas eve. a big move and similarly the spdr high-yield junk is up about the same amount. a lot of fear about the market's turmoil and maybe a signal of larger scale flight to risk from safety based on yields on treasury debt and corporate debt the etfs are now back to where they were in the end of october, early november theseverity of the drop as wel as the bounceback have been catching trader attention. it's also stoking debate on how much the moves were fundamentally traded certainly a move to watch is junk bonds as they become one. tea leaves in the market. >> thanks, dom let's get to the las vegas where julia boorstin is sitting down with a special guest hey, julia >> good morning to you, carl i'm joined now by david z

back to you. >> thank you, dom chu.s >>> one week after closing its $57 billion acquisition of shire, takeda pharmaceutical here at the new york stock exchange it rang the opening bell the president and ceo christophe weber joins us here at post 9. >> thank you >> important component after deal activities at takeda is asset sales as much as $10 billion to deleverage and to potentially eliminate noncore assets tell us about your plans for that and how quickly you think you can get them done. >> 75% of our business is very strategic, very core so 25% of our revenue is noncore. we select some assets in this 25% to sell. it's a way to be more strategic, more focused it's also a way to help us deliberate more rapidly. >> when you speak about focus, when shire was potentially for sale, those who looked at the business and chose not to buy it, talked about it was a little of this. a little of that there didn't seem to be as much focus. what do you want investors focusing on at takeda as your core franchises you should be judge

dom chu has more >> a rougher day for the bulls with the west texas intermediate brent crude brieprices1.55 you have economics slowdown concerns hitting the stock markets. also hitting those commodity markets as well. oil and metals with a concern about a slowdown globally in play china's economy growing at the slowest pace and imf lowering its forecast off the worst levels of the day. a reminder now that the weekly u.s. government oil inventories now come out at 11:00 a.m. eastern time because of the holiday yesterday and tyler, we watch the big move lower 12% of the downside with that gas as well. warmer temperatures. back to you. >> thank you >>> big movers today and ebay, arconic in the news for different reasons but hedge funds involved in both of those companies. leslie, hi >> stocks, none other than elliot management. a firm with 11% stake in arconic, pluchmmeting after no longer pursuing a sale was this close to selling itself to apollo. there was an offer of $22.20 per share on the table for the whole company financing at the ready elliot had been pushing for the deal, i'm told

a hang over for constellation brands the stock at a 52-week low first a check of the markets with dom chu >> two days, two voting februarys of the fomc making more dovish comments about the markets. that's perhaps extending those gains. the dow up by almost 1%. we were up about 196 points at the high for the dow industrials. the s&p, 2593 the last trade there and the nasdaq pacing the gains up over 1% up by 77 points. speaking of those lows on christmas eve, the high yield, junk bond market seeing some real signs of life, but can it be sustained that's a big deal. from september down to the lows, we lost about 8% in this particular etf the ishares ticker hyg it tracks junk bonds up about 5% since those lows that junk bond market one to watch as well. and one of the big stock movers of the day is no longer in the s&p 500 but chesapeake energy is trying to become more of an oil oriented company as opposed to just natural gas those shares surging by 13%. you can see here one of the best performers in the russell 1 thousand after we see these moves to the down side they have laid down product

let's get to dom chu >> we are off the lows of the day so far crude oil, we are now settling around $52 and change for wti crude. brent crude is $61.16. both off by half a percent they were down much more earlier on the session and supply concerns as the u.s. continues to pump out oil in large quantities so those supply issues weighing on the markets, as are the ongoing discussions between the u.s. and china in terms of trade. all of these things have been at least a weight on oil prices and although they rallied tremendously off the lows we saw earlier in december and watch the oil trade play off wti crude, back to you, kelly. >> just above the level right now, dom thank you. a big week for bank earnings the ceo of washington federal. they're based in seattle with branches mainly out west and the ceo of bb&t, most banks east of the mississippi. thank you for joining us we'll start with bb&t talking about shares of 1%, kelly, the profit misestimates and the revenue in line but we want to ask you if you can tell us, reminded recently by the weakness in sherwin williams and home depot, wh

cnbc markets reporter dom chu.ket down 300 >> we're getting to the busiest week of earnings season this time around which means we've got about almost a quarter of the company's in the s&p 500 reporting their quarterly results. one of the big ones to focus on today will be caterpillar. this is the big construction equipmentmaker they came out with numbers that basically said that the business they have in places like china and latin america is slowing down for that reason, they've offered a forecast for their full year results that came in below what economists and analysts were looking for. that is one of the big drags on the dow jones industrial average so far today computer chipmakers in the world, nvidia, they make a lot of graphics and gaming chips they also came out and preannounced that their revenues were also going to be below what they previously thought. those two companies are probably the biggest reasons why the dow and the s&p and nasdaq are down as much as they are just in early trading now. >> yikes

dom chu with the numbers >> a lot of catalysts. if you take a look at the movement, we did turn into negative territory at one point for the dow, now up by about 65 points but the s&p has been right around flat and the nasdaq has been the real laggard. one place to look at in terms of a strong move to the up side that continues today, check out the real estate sector within the s&p 500. this sector and one of the etfs that tracks it is up about 13% since the lows that we saw back on october 24th. and get this, it has been a positive trade this etf, 31 of the last 35 days, that strong move continuing today. and one stock to watch, best performer in the s&p 500, we're talking about glass works. corning up by over 10% at this stage thanks in large part to strength from a lot of telecom companies upgrading to 5 g corning certainly a stock to watch. and by the way, they said that they are not as worried about china and trade on their business >> wow all right. thank you. welcome to the exchange, everybody. markets are rallying today at

i'm dom chu.wing yesterday's big sell-off futures pointing to a higher open, and we are hovering right around the highs of the session premarket for those futures trading. s&p futures indicating a 6-point higher open at regular cash trading. the dow jones up by about 93 points, and the nasdaq up by just around 20 on the treasury side of things, we are seeing a slight uptick to what's happening with ten-year treasury yields. ten-year u.s. treasury notes yielding 2.75, just shy of 2.76%. the two-year, 2.6% on the oil side of things, a little bit of stability there as well $53.47 that's almost a full percent to the up side. ice brent crude futures, you can see they're up by a full percent as well. $62.07 we will have much more on the markets in just a moment, but, first, to another big newsmaker this morning let's send it out to sarah eisen in davos, switzerland. over to you, sarah >> good morning, dom joining me this morning is jim fitterling, the ceo of dow chemical >> nice to be here zoo we are ac

here now to talk about it is a dear friend of mine, cnbc markets reporter dom chu, axios news reporter. and my dear friend, dan nathan. what's driving the markets today? >> what's driving the markets is a sense of stability. that's pretty welcome for a lot of traders out there who over the past couple of weeks seen a roller coaster ride for markets driven by many of those things you mention. trade talks, tariff policy with china. also concerns about the federal reserve and a possible slowdown in the u.s. and global economy. all of those are taking a little bit of a pause right now because of the massive rally that we have seen off of the lows in the stock market over the course of the past couple of weeks. the question facing many traders and investors is whether or not that sell-off in stocks that happened since the beginning of october had gone a little bit too far too fast. have people become a little bit too pessimistic about the outlook for the markets and the u.s. economy? there are some who believe that the way the markets are priced out possible recessions or any kind of an eco

. >>> dom chu apparently joins us now. you have i have no intro. >> it's not "apparently," i am here in engelwood cliffs in front of this massive wall, joe, to show you what will move the market this is morning and we'll start it off with what's happening with dowdupont 156 shares of pre-market volume after the chemicals giant posted better-than-expected profits on sales that fell short of some estimates. that miss was due in part to lower demand for autos and packaging. dowdupont said its plans split into three separate companies for later this year. still, those shares moving to the down side. shares of raytheon lower in the pre-market trade, down 5,000 shares of volume after the defense contractor best known for high-tech weaponry like the patriot missile system, also tomahawk cruise missiles posted an earnings beat on sales that missed analyst expectations. sales were better thanks in part to better demand for secretive programs within missiles systems. then we'll finish it off with an earnings pop that's what's happen

dom chu joins us he's got more on that from hq. dom? of the analyst calls this morning you've got shares of snapchat this morning a down market in thanks part to an analyst at citigroup to a neutral rating they cited among other things an expected upgrade to its app for android smartphones. that target price, by the way, goes to 7 bucks. it was $6 before also watching now shares of western digital. they are not helping matters with a downgrading from a prior inline rating citing what it calls structural competitive issues so those shares off by 5% premarket. and then we have analysts over at bank of america cutting delta air lines to a neutral from a prior buy. looking at a lack of difficulty of expanding the multiples for the stock. we'll get more on the delta story tomorrow in a cnbc exclusive here on "squawk box." >> thanks so much 3. >> krishna, let me start with the idea of earnings season. for a long time we've been looking at earnings season and past earnings cycles saying we're going to get some outlook from ompanies. earnings s

when we come back, the sectors and names getting shocked by apple's guidance dom chu is going to walkmorning as we head to the break, take a look at premarket movers and the dow when we looked last time, the winners were the ones losing the least. all dow components in the red. walgreens losing the least biggest loser, of course, apple, 8% we'll be right back. y. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ [ dobaxter.ng ] it's bedtime. peace of mind should never be out of reach. [ voice command beep ] xfinity home. xfinity home connects you to total home security you can control from anywhere on any device. and it protects you with 24/7 professional monitoring. i guess we're sleeping here tonight. xfinity home. simple. easy.

dom chu joins us with that >> good morning and happy friday as we look at early morning movers, we'llening with china and the risk aversion there. you will see some of these particular moves in caterpillar, boeing, and wynn resorts the names more leveraged to china business up 1.5% to 3% at this point as we take a look beyond that to just the broader themes of chinese internet equity stocks, these ones are the ones that have been pretty hard hit in the recent downturn. but alibaba, baidu, and tencent music among the names on the chinese internet side showing life this morning. tencent's up by 4.5% at this point. so becky, as we take a look at these type of equities that have been sold off really hard in this recent downturn, these could be ones to watch to see if they sustain any kind of a balance. >> thank you very much dom chu. >>> sticking with china and the emerging markets, joining us now to talk about all of that is the manager of neuberger bermaner merging markets fund what do you say? where's the better place to put your money right now china or the united states >> i think it

coming up, dom chu has your morning market movers.e our guest. plus then at 8:00, wilbur ross will be our guest to discuss the government shutdown, trade, and much more. "squawk box" will be right back. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> time now for a look at what's moving in the premarket dom chu joins us now with more what is moving, dom? >> a whole heck of a lot, joe, of biotechnology, biopharma, large cap pharmaceutical companies. we have the spdr etf as well spdr health care etf, by the way, one of the larger ones out there. all of this is on the heels of that big deal by, of course, loxo oncology and eli lilly buying them for $8 billion in cash $235 per share that's why you're seeing the shares moving the way they are right now. if you take a look at the re

dom chu joins us with more this is tenderly taking a bite out of the dow >> yeah.session, now down towards the lows we were seeing. at least so far. so if we do see these take over, you're going to have -- a couple other stocks we want to keep an eye on not necessarily dow. that may be reacting in some way, shape, or form to the caterpillar results. specifically the outlook for 2019 you look at one non-dow component and that's deere they still make construction equipment, farm equipment, the heavy machinery that goes into powering industry and agriculture all over the world deere shares reacting in some way, shape, or form down by $2.50. that's one we're going to watch today heading into the opening bell the other one we're going to watch is in the dow jones industrial average is what's happening with boeing. boeing is seen like caterpillar, like deere, like other industrial companies as a proxy for what's happening in china and other parts of the world we've seen it as part of the trade discussions. we've seen it as part of the trade movers on those trade discussi

dom chu.er to the cme group in chicago and join rick sell who has the santelli exchange. >> thanks, david i would like to welcome my guest david sylvia of dynamic economic strategic. thanks for joining me this ming. >> thanks, rick. >> there's a lot written about paying closer attention to outside exogenous forces whether it's policy in japan or how the stock market moves, but many also say it's because the stock market is predictive they need to pay attention i likes flexibility but i don't think it's because the stock market is predictive it's going through a rehab after an addiction, and all that have was caused by the people at the fed that need to give it flexibility during this rehab. your thoughts? >> well, it's interesting, rick, how quickly we forget the old adage that the stock market predicts nine out of the last four recessions. sometimes the stock market leads and sometimes it's reacted, and i think it reacted to the realization that the economy was going to slow down in 2019 in c

. >>> stocks with a big comeback and there could be more volatility ahead in the new year dom chu breaks >> and there are general themes. let's put some dates on them later this week we have a big jobs report and jay powell making public remarks. later next week, we have trade talks possibly starting with china and then the week after that, january 14th, it is the fourth quarter reporting season starting and at the end of the month, a big fed meeting. and all fed meetings have press conferences. and let's fast forward to march, the beginning of march will show that trade deadline with china and the trade and tariff discussion march 1, a big day to watch there. and then march 19 through 20, another big fed meeting with the associated press conference. so overall, a lot of dates to keep an eye on back over to you >>> citigroup's model has officially dipped in to panic territory. so is it a buying opportunity? tobias levkovich at citi joining us to really excited to have you on today after reading your cal where you lowered your call. >> and we did it really to line up for the beginning of

dom chu taking a look at the airlines under pressure again with delta getting a downgrade dom, what'se getting a lot of attention today that. weakness being driven in part by some of the negative analyst commentary from bank of america, merrill lynch which downgraded shares of delta to a neutral from a prior buy citing revenue growth and a lack of earnings catalyst for the coming year the price target cut to $51 from had a prior 62 now, as a result you're seeing weakness in shares of american airlines you've got jetblue, united continental and southwest as well all reacting to the downside that's acting as a drag on the overall dow transportation index which means the ticker iyt is now trying to find positive territory. it was down much more earlier today. it was working on two straight days of losses this fund has gained around 11% just since the december 24th lows other smaller transportation-related etfs that have exposure to airlines like delta are also getting hit as well, but if you're looking for the bull case, the sector was mentioned positively in barron's this past week sayi

. >>> let's get to dom chu who has this morning's market movers dom, you're going to give us some --tock os watch on our radar. we're also watching lennar so when you get to that, just know that that's already on our radar. >> it's already been blipped on there. you're seeing it blip on the rad radar? >> but the others, i don't think, are those are new for us take it away >> we will like you said add a couple stocks to this. on the tech side, perhaps some of the headlines from oracle shares this morning as you see there was downgraded by analysts at barclays to equal weight. next generation data base cloud computing products in the early stages of their life cycle the target price there, 55 bucks. on the financial side, upgrading morgan stanley to a buy from a prior neutral. the target price there 48 bucks citing among other things better market revenues from more market volatility and then you've got home improvement retailer lowe's which is getting downgraded by analysts at barclays to an equalweight from overweight. they cited tougher macro and industry trends and uncertainty over

. >>> let's get to dom chu with a look at this morning's market movers good morning to you, dom. >>>as well, andrew let's start on the aerospace and defense side of things boeing and lockheed moving in different directions driven in part by analysts at morgan stanley upgrading boeing to an overweight and downgrading lockheed to an equal weight. the bullish thesis for boeing surrounding the profit and cash flow profiles of the company in the resilience air thanks to better industry trends in commercial aviation specifically the opposite trends on profits and cash flows for lockheed given the benefits seen from the f-35 joint strike fighter leveling off those stocks moving in opposite directions you have a couple social media stocks in the news as well twitter getting upgrade bid bank of america, merrill lynch to a buy rating thanks in part to modest improvements in user metrics. snapchat parent company getting upgraded to a market perform rating citing better option by advertising buyers and that sharp selloff in shares we saw over the course of the past year and then there's constell

to serve up some numbers back in a moment >>> want to get a check on this morning's stock movers dom churight let's talk about some of the ones outside of boeing and apple. let's kick things off with oshkosh which is up 8% around 5,000 shares of premarket volume this after the maker of heavy duty vehicles for the military, it reported profits in sales that both topped estimates it also raised full earnings guidance as well oshkosh was helped along by better sales growth in equipment and emergency divisions. those shares up pretty big on the other side of things, you've got shares of tupperware which is down 8% at this point on just about a thousand shares of volume premarket. the maker of food storage and beauty products, it posted missing expectations it cut the quarterly dividend by 60% and offered full year profit guidance that was below analyst estimates. those shares down pretty big then there's anthem. we're talking about a move around 7% to the upside on just around 3,000 to 4,000 shares premarket. after the health insurer beat estimates and sales were just about in line. it also

dom chu knows more about what's going on with this morning's early market turmoil and can tell us thatbecky like you pointed out, we are off the worst levels of the session so far when i got in this morning before "worldwide exchange," we were indicated to open down 500 points on the dow. maybe that's a little bit of a relief for the bulls out there but take a look at the markets from a global perspective. with the hang seng and hong kong down showing contraction for the first time there the german dax, remember, closed on new year's eve for a holiday. they're now getting a chance to response now only off by about 1/5 of a percentage point there and then the s&p futures taking the brunt of it so far as we look at the stocks we'll be watching early on, it will be some of the hot spots we've been seeing in the second half of 2018 chip makers for sure playing into the china trade discussions. also the general appetite for risk micron shares, they'll be ones to watch the broader index and etf that tracks these had a four-day winning streak to end 2018 also watching that facebook/amazon/net

. >> so let me put the same question to dom chu.mportant is it's not just the consumers they may start to feel the pimplg about this. it's not agents and contractors, it is the idea if businesses start to fuel, that impact -- what does that do for other consumers and customers as well? >> one of the things weave been tracking is less optimism trending among ceo's in america. they don't want to hire as much t they don't want to put their plans on hold because they don't nose what's going to happen. so if if all of those things start to play out the real impacts on gross domestic product will be a lot bigger because all of these thing it is will feel confident enough to go outnd there and hire and invest in equipment. >> all right. that's dom. thank you very much. >>> there's so many different angles to this. the state department has encouraged employees to return to work. they've found enough money to cover half a month in salary. the state department can pay most of its beginning sunday or monday for their next pay period but employ

dom chu. you did this this morning yesterday.ist. >> yes, sir, i have a different list. >> some may be the same. they get, you know, a couple of days in a row, they start moving who knows stho that's right. because there are themes we're watching for what's happening. some of those themes could be playing out in markets let's start, though, with south korean trading it will be one of the big corporate stories this morning with samsung in essence tells investoring that its q4 will be below expectations you can see samsung off by 1 2/3 percent after its announcement how is that playing out with chip makers in the united states as you can see, micron, a big memory chip maker is up. advance mike crow devices and nvidia two names that are not memory chips but indicative of the semiconductor stockmarket. those stocks are up as well. one of the things to keep an eye on is whether one of these chip stocks will maintain momentum. as we take a look at the s&p 500 versus the chip stocks, remember, the chip stocks in orange had been perhaps

want to get over to dom chu who joins us with some of them >> i'm going to take a deep breath because earnings three dozen s&p 500 companies slated to report before the close. early on these three will have the dow impact 3m shares seeing some gains in lighter volume premarket after the industrial giant posted better than expected sales and profits thanks to growth in all operating units in geographic regions but it did lower its forecast. those shares up 2.75%. then you've got a drug maker in pfizer offering full-year profit and sales guidance that fell below estimates. those shares off 2.5%. then there's verizon shares which are also moving a little bit to the downside after the telecom giant, the biggest u.s. wireless carrier posted better earnings on slightly worse than expected revenues. it added more postpaid wireless describers than anticipated. and a couple of other reports of note to keep an eye on in the premarket as well. shares of harley-davidson down big after reporting quarterly profits and sales fell below expectations due in part to fewer vehicle deliveries in key mark

let's get over to dom chu. good morning >> happy friday, becky big three movers this morning., you've got tiffany moving a bit lower you can see it's at holiday sales. globally down about 1% sales at existing store locations down 2%. growth in both of those metrics were flat if you exclude the impact of currency it attributed that softness to among other things softer demand in the americas and europe which may have been influenced by recent market volatility tiffany does, though, expect to report snk for the full year also vf corp. shares as well it also raised its full year outlook. then there's slumberger. that's down from $2.2 billion last year. if you do take a look at the strong performance out of the gate so far in this early part of 2019, energy, consumer discretionary outpacing the broader market they were hit hurs during the last of end year energy and retail, some of the outperformers. we'll see if those stick in the coming weeks >> they have rediscovered the cyclicals. thank you very much. >>> meanwhile, netflix beating on sub viscriber growth but misg on revenue h

dominic chu has more at the commodity desk dom?aline because we've seen it fall out of bed more so in the last few minutes or so here some technical levels that traders are watching here. they're attributing that to the sell-off we've seen in just the last five or ten minutes or so watch crude at $50.50 and $59, a little bit lower but the real trade today, the 15.5% surge in natural gas. this as forecasters are predicting a colder january going into the end of the month and previously thought that sending natural gas futures surging on the day is a trade tyler will be watching after all the volatility we saw over the last months. thank you, ty. >>> thank you, dominic shares of pg&e plunging again. the embattled utility said the ceo will step down as it plans to file bankruptcy dede r dede, aditi roy. >> reporter: it plans to file for brums ankruptcy by the end h month. if it were held liable for the total cost related to the 2017 and 2018 northern california wildfires, those liability costs could exceed $30 billion and that doesn't

chu. cnbc senior analyst ron insana. bloomberg opinion editor tim o'brien. dom, what's driving them today? >> we got a good jobs number.he reason why we're a bit more -- at least tempered with expectations. it's because that good jobs number comes with a couple of caveats. the headline numbers were great. however, unemployment did tick higher. that sbaus more people entered the workforce. not as many people consider themselves totally out of favor with the jobs market. you do have a situation where more people are trying to find jobs. that means they get counted as unemployed. we are seeing some modest wage gains. as more people come into the workforce, does that temper some of those wage gains expectations? all in all what this does mean is that the federal reserve has this perhaps more goldilocks-ish scenario of a still growing jobs market and inflation expectations that are still manageable. that's the reason why markets are reacting positively at least for now. we've got ground to make up from just yesterday's price action. we'll see if it holds in today's trading. >> we say all the time the market is not the econo