bob pisani tracking the action for us from the floor of the nyse bob? >> the nyse as we call it. we're clawing our way back 40% of the losses regained already. 3-2 declining to advanced stocks with 7-1 at the open and take a look here. three things matter here a quarter of the way through earnings season. move the markets number one, perception that the fed central bank is dovish number two, expectations of a positive trade outcome for better or worse and finally, this is today's lesson, slower global growth and nvidia and caterpillar are telling us that earnings expectations are still too high you see five or six semiconductor stocks tend to move things around and dominate the smh. taiwan semiconductor and texas instruments and broad commons, we like to call it same with caterpillar, a few big global machinery stocks in this space being caterpillar, cummins, for example, and oshkosh specialty vehicles a big debate of whether we go to zero or negative earnings growth first quarter expectations just above 2% right now and if that goes to zero, folks, you'll hear a lot of people sq

let's start with timothy anderson on the floor of the nyse. consolidating that 800 point advance we saw friday, i think that's pretty positive. >> it's very positive. and we are still focusing on the internals of the market which continue to be very strong, even outperforming the averages a little bit. go ahead. susan: let's turn to phil. i want to talk about positives at this point. is it positive that saudi arabia is cutting its output? >> well, it depends. for them, it is. for the u.s. energy producer it really is. but i think we want to send a message to the market that they cannot afford oil prices at these prices and they will do whatever it takes to get them back up. now, the interesting thing is we will have to wait to see if donald trump tweets about this, which he hasn't really tweeted about lately. every time we talked about opec in the past cutting production, within 24 hours, you would have a tweet coming out saying you better not do that. i think donald trump is pulling back a little bit from trying to get them to get prices lowe

>> nyse. yeah. >> takes too long. >> what about cnbc >> that's why you have to say it out. that's no good shorthand. >> all right well off the session lows. >> sticking to my guns. >> thanks for watching "power lunch. "closing bell" starts right now. ♪ >>> and live from the nyse -- welcome to "closing bell." i'm sara eisen. >> i think got my habit of nice-y from kelly evans and that's the first time i was corrected. >> they don't like it. >> i'll change from now on and i can't really apologize for the past until today i'll change. from new york stock exchange, i'm wilfred frost. former starbucks ceo mulling a run for president in 2020 we'll talk to walter i sacson and steve forbes coming up. >> she is called one of the most powerful women in finance, joyce chang. she'll join us to weigh in. >> looking forward to those interviews check in on the market, declining by 4% on the dow 240 points, the low of the session was more pronounced than that, some 400 points and tech leading things lower hence the nasdaq down 1.2%. >> let's begin with the markets. morgan brennan has more o

bob o'bri bob pisani at the nyse >>> the longest government shutdown in u.s. history seems no end in sight. ylan mui. >> the president discarded two potential and unpopular solutions. a national emergency to build it without congressional approval but republicans couldn't agree on where to take the money from. second was an idea from lindsay graham to reopen for about three weeks, try to make a deal on immigration and border security, and then if they couldn't, then call the national emergency. but earlier today, trump said he wasn't a fan of the plan >> that was a suggestion that lindsey made, but i did reject it, yes. i'm not interested i want to get it solved. not just delay it. i want to get it solved. >> nbc news reporting the administration is preparing for the shutdown to potentially last into february. back over to you >> thank you very much ee ylan mui in washington. >>> china's economy, the trade war is beginning to hit hard >> analysts expected a slowdown in the pace of growth, but that was a shot for the market. chinese exports and imports falling

nyse, theresdaq and could be a new exchange on the streets.e financial firms have announced plans to roll out a new york-based low-cost exchange called members exchange or memex. joining us now is the executive vice president of trading at td ameritrade. together?is who'll take the lead on running this? >> first of all, thanks for having me. as you pointed out, this is nine partners coming together, leading u.s. retail brokers, leading financial services firms in the u.s. and the leading market makers that of come together. our hope is to deliver through a members only exchange and experience that is very focused on the end user or our client and deliver in terms of transparency and cost reduction howa window into exactly orders are executed in all the things associated with that experience for that client. we intend to file this year. it, weas who will run are actively looking to set up that management team as we speak. vonnie: how will you compete with established exchanges? 13 willngle one of the say theirs is the best for their clients. wh

just about eight minutes, more "squawk on the street" from the nyse straight ahead.-- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that proactively protects your business from threats, instead of just reacting to them. that lets you modernize and move more of your apps without re-writing. that unlocks insights from all your data and puts it to work with ai. get a faster, more secure journey to the cloud. the ibm cloud. the cloud for smarter business. ♪ ♪ >>> all right, six minutes to go before we get started with trading here time for a cross country mad dash, send it over to jim in california >> okay. one of my themes out here, david, there are many stocks that were in bear market mode that really got crushed. one of the worst stocks micron, cut in half, sells at four time

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the presidents of both the nyse and the nasdaq spoke at davos on the i packet of the shut down on iposrns, uber and lift expected to go public this year. >> there are a number of companies lined up and we have roughly 160 companies on file with the sec it's not yet having a major impact if it extends a few more weeks, it will, especially for companies looking to raise money because they have to choose a different path. >> we have a very important relationship ec. they make sure the disclosures are accurate and complete and we do our work to evaluate them in accordance with the littings standards. it's hard for us to completes our work if they can't do theirs. >> we make it a case study as soon as tomorrow there's change in the language that would allow some companies to go public after 0 days, new for theress energy might try tomorrow. >> we'll watch that tonight as long with intel and starbucks. let's get to the judge. >> thanks. scott wapner chip stocks are surging. it is 12:00 noon this is the halftime report. >> rally off the old chips they're booming today. all the big names up bi

bob o'brien will take a closer look now from the nyse robert >> i love all the happy talk about trade. it's helping the markets but i'm getting a little worried we've come very fast on the assumption of a deal look at what's happened. 500, better than 500 points in the last 24 hours since the journal reported progress on trade talks. that's a big issue so the good news, it's given us another leg up in the rally. and that's helped, of course here's the bad news, the one i'm worried about. the market is pricing in a favorable trade deal that's a problem the downside risk. the risk of the no trade deal and definitely go down on that and even once a trade deal is announced, it's already priced in maybe nothing happens or they sell on the news again, we should have these problems, but also remember, better trade talk and less aggressive fed maybe not happening both at the same time. maybe the fed will get more aggressive and the economy improves on better trade talks so there's some risks here as well and the chicken stocks. the the market to poultry exports. moving up nicely today and the

live from post nine at the nyse. >> this is the greatest -- this is like 42 different things. >> it isot of things going on here. >> somehow, it's regarded as being a nonevent what else do you take with you every second >> it all starts at 9:00 a.m. eastern. patterns. i've even built my own historic trading model. and you're still not sure if you want to make the trade? exactly. sounds like a case of analysis paralysis. is there a cure? td ameritrade's trade desk. they can help gut check your strategies and answer all your toughest questions. sounds perfect. see, your stress level was here and i got you down to here, i've done my job. call for a strategy gut check with td ameritrade. ♪ from capital one.nd i switched to the spark cash card i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? >>> i cannot overemphasize the importance of what jay powell, our valued fed chief, did today. it's not just that he suddenly embraced the policy of patience. maybe his heart gr

oil's rallied 18% and the vix is down 46% melissa, back to you >> bob pisani at the nyse. tim cook sitting down with jim cramer for an exclusive interview weighing in on the critics. >> in terms of the nay sayer, i've heard this over and over again, jim i've heard it in 2001. i've heard in 2005 and '07 and '08 and '12 and '13. you could probably find the same quotes from the same people over and over again and i'm not defensive on it. this is america. and you can say what you want. but i'm giving you my honest opinion is that there is a culture of innovation in apple and that cultured innovation combined with these incredible loyal customers, happy customers, this ego system, this virtuous eco-system is something that is probably underappreciated >> you were surprised with the market reaction to both when you decided to not reveal units and when you revealed the short fall. >> i'm never surprised by the market, to be honest with you. i think the market is quite emotional in the short-term and we sort of look through all of that we think about the long-term and so when i lo

bob pisani is here at the nyse to explain, bob? >> i'm calling it fear of missing out. i know it's overused but fomo is back in a big way and you're right, china is taking a bit of a backseat to this let me explain here. we've seen it drift up in the last few days. earnings releases come out managers behind the benchmark and up almost 5% you can't underperform in 2019 as the market down and then underperform in 2019 when the markets are up that's bad for managers. financials have been oversold, making it easier to buy as the earnings that have come out okay and the markets cheaper in general. 15 times forward earnings. 17 times, just six months ago. earnings expectations are much lower and first quarter earnings every day, october 1st, expecting up 8% and now it's just 3%. the market has moved down to reflect the lower earnings expectations melissa, you want to a number to watch? 26, 26 that's the 200 day moving average for the s&p 500. if we drop bel when we drop below that, the market took a nosedive back to you. >> bob pisani there for us now the longest government s

gerri, on the nyse. always a big one. >> they're bigly interested in this because of why? china business. this chip company does not rely on apple for everything. look at numbers. shares are higher here today. we're looking at 1.22 for the quarter. 1901 for revenue. that would be up 11.5% year-over-year. philadelphia stock index on fire, up 5%. top gainer of 18 percent, last time i looked at it. micron, western digital, nvidia, amd all doing better. move on to starbucks. you want to hear about that earnings expectations 65 cents a share that would be up 11.8% over a year ago. revenue would be up 6.8% from a year ago. you know the starbucks story. the stock having a little trouble today. they have been strong year-to-date, up 9%. they have launched a delivery business for starbucks called, starbucks delivers. and they have all these plans to try to boost growth, at the coffee chain. so big day down here on the floor of the new york stock exchange, liz, back to you. liz: i love me my starbucks superhot like scalding, darling. i don't know, delivery, bottom to microwave it. w

bob pisani is down at the nyse with more on this for us >> it is 2019 earnings guidance we care about and the markets are holding up darn well considering the lousy earnings guidance we've gotten in the last 24 hours. big names giving disappointing guidance pfizer, 3 m, lockheed martin, whirlpool, harley a debacle. a couple had positive comments verizon was about in line. rockwell automation, dover, rox, xerox, they were decent. we're a quarter of the way through earnings so far, fewer top and bottom line beats in the fourth quarter earnings growth rate was slowing in the fourth quarter. and we care about the guidance trending downwards i think we're up today for a few reasons. remember the market tends to go up in the 24 hours before the fed meeting. and finally a lot of optimism on the trade talks. back to you. >> thank you and here is what is interesting about the trade talks. but first let's talk about companies cutting earnings guidance joining me is john augustine at huntington private bank, dom chew back ch back as well so this earnings bit, the guidance is not great. maybe we'

gerri willis at nyse. melissa: stakes are hide. trade negotiations are set to resume in washington between the u.s. and chinese officials edward lawrence is following the story all along. what is the latest twist. reporter: china is talking tough about charges against huawei and its cfo. stopping short that it will make impact on trade talks tomorrow. when asked if huawei case will be brought up by trade negotiators at table a spokesman for the chinese foreign ministry we hope teams will work with strong consensus between the two presidents and work in the same direction for a mutually-acceptable solution. with iran and lying and stealing their partners, t-mobile specifically robot that tests phones. the foreign ministry, a spokesman for the foreign ministry says the u.s. courts will see this is just politically motivated to try to stop chinese businesses from succeeding. >> translator: in the past the u.s. mobilized state power to discredit and suppress specific chinese enterprises, attempting to strangle the normal operation of t

bob, thank you, down at the nyse for us >>> nancy davis is founder and chief investment officer at quadratic company. paul christopher from wells fargo capital investment institute. we have kind of been off to a tear for the first part of this year but only corrects the real weakness we saw at the end of last year. i wonder how bad it was for them at the end of the year, was that like a mini credit crunch? liquidity dried up it's not the kind of volatility where people make money. no one issued a junk bond. what was going on there? are we -- is that over now >> yeah, i think we've had quantitative tightening start to kick in. we've enjoyed ten years of money printing and loose monetary policy and now policy is beginning to tighten we're seeing that in financial conditions the bouts of volatility, whether it's december, but there's been a lot of vol in january on the upside so vol works both ways >> we had a big one last february december was kind of bad for every asset class. is 2019, now we put that behind us or is there more coming >> no, i think there's going to be more volatility in the

gerri willis, you're at the nyse.w who led the parade and who was sort of the caboose at the back? >> boeing, intel, ibm. it is trade this week really moving stocks. boeing has been up all week on trade. semiconductor portion of sales from china. no surprise. intel on the lose. losers for a second. merck and pfizer leading this parade. why? they seem to give back gains from 2018. a leading hot sector last year, health care. giving a little bit of that today. proctor & gamble also down for the week. liz, back to you. liz: you're part right on trade holding the leash. federal reserve had its fingers on it. we have a economist who was at yesterday's event for fed chief powell was speaking he has become so dovish and cautious. how do you think an investor watch being right now, should behave and meander through the market right now? >> geeing through the end of 2018 we thought the fed would be one of the risks if they took the hike path. the dovish language changed it for us. we only think fed will raise couple times in 2

after a big move by one of banking's top names, i want to get to susan li at the nyse.ook at this stock and this had been a much cheaper stock just a couple months ago. susan: that's right. getting a thumbs up from goldman sachs today. yes, etsy getting a boost from gs, the big bank upgrading shares of the online retailer from neutral up to a buy, saying reinvestment exposes its smaller sellers and overall share leave the company plenty of room for growth long-term. the shares up some 8.25%. the so-called happiest place on earth is getting more expensive. disney world raising prices in the last year, costing $779 at the start of 2018, then jumped in february before being increased again to 894 in october. disney overhauling its pricing system which now lowers or raises prices based on demand on that particular day. shares currently trading up 2.5%. >>> marriott trying to give some of its customers a little bit of relief. the hotel chain now revising the number of guests impacted by that recent hacking scandal from 500 million down to 383 million. marriott admitted its s

. >>> and out to new york city, and the nyse, dow industrials gaining 140 points, as we enter another day of negotiations with the chinese over the trade war. you're watching "today in the bay." (mom vo) it's easy to shrink into your own little world. especially these days. (dad) i think it's here. (mom vo) especially at this age. (big sister) where are we going? (mom vo) it's a big, beautiful world out there. (little sister) woah... (big sister) wow. see that? (mom vo) sometimes you just need a little help seeing it. (vo) presenting the all-new three-row subaru ascent. love is now bigger than ever. >>> good wednesday morning. we have some wet roads right now at 6:h43, a live look at palo alto 101. people are up and out the door. it's time to get moving. we'll see cloudy skies and a chance of rain early afternoon. rain across the north bay, a closer look coming up in less than five minutes. >>> meanwhile, this look at 101, can't get moving until they clear the lanes of the deadly crash investigation, north 101 at mckee road. we're following this. bob redell is on scene as well and wil

bob pisani is at the nyse with more on that bob? >> kelly, what a difference a day makes. earlier this week, we were dealing with poor 2019 guidance from whirlpool and 3m and lo lockheed martin and harley-davidson. now apple's not so bad report and guidance from companies like boeing, amd and chips and anthem in health care, for example. they've all helped buoy the markets today. it wasn't all perfect. juniper and tupperware provided disappointing guidance and are paying the price overall the problem now is, we are bumping up against the high end of the trading range the markets are pricing in not just okay earnings but also a dovish fed and positive outlook on trade talks and that's making the market rather pricey right now. kelly, back to you >> thank you, bob pisani >>> less than an hour from the fed's decision on interest rates. the chairman speaks. now he's doing that every meeting. what are investors expecting to hear this time around? let's ask the chairman of strtegis research. and greg from "the wall street journal" and steve liesman, our senior economics reporter

bob pisani is at the nyse with more >>> the, is and, 35 s&p 500 has time getting over 2650 and regaining last 100 points to get us back to the early december highs three things have shown to be consistently moving markets and earnings perceptions the first is perceptions that the fed and other central banks are becoming more dovish not only will they not raise rates but they may return to stimulus mode if they have to. the second is hopes for a positive trade outcome and finally slower global growth and today nvidia and caterpillar stent message that even with the declines in december earnings estimates the numbers for 2019 are still too high more than 40% of earnings in the s&p 500 occur outside of the united states. it's when both of the companies talk about slower global growth it's a big issue, particularly for industrials and technology but how much slower is global growth that is hard to figure out earnings estimates have come down from 8% at the start of october to below 2% today. the battleground is between those who believe earns will stay low but positive for the full year and

today sparking fears the new year rally may have come too far too fast bob pisani is at the nyse with latest hey, bob. >> the fundamentals have put a halt to the rally but the technical picture has been stellar. the decline line has been steadily marching toward and is close to a new high. 52-week lows, which was a major problem at the end of last year when almost half the s&p was at a new low, they have essentially disappeared as the market has risen. what's missing here are breakouts on the upside. for example, there's only three stocks in the s&p 500 that hit 52-week highs today. we've got to do better than that for a real breakout. still, the trend lines have been strong after dipping below the 50 and 200-day moving average on december 3rd, that was the start of the december market volatility the s&p crossed over its 50-day moving average last thursday before dipping briefly below it today. generally positive the last several weeks. the vichx was 17 and went to 36n december 24th and back to 17 before moving up to 20 today really today is the first significant up day for the vix si

for more on what these wild moves mean for investors let's get to mike santoli as the nyse hi, mike. >> this volatility which has been going on more than three months, obviously unnerving investor who is were not positioned for a rapid repricing of the market for a slowdown it's created more risk aversion at the start of the year than you normally see and it's also registered a lot of technical and valuation and sentiment extremes of the sort that really resemble what you have seen as other -- in the region of other market lows. let's look at a few. first is the relative strength index for the s&p 500 itself a 14-day relative strength index. look at the chart. without getting into it too much the rsi measures the momentum and acceleration of the index itself relative to its trend basically it's been falling rapidly as we nop this is about a day old but even more so now and down near levels where it has bottomed during the post financial crisis era in other words when you are not it in a full blown bear market when it gets lower this is the region where the market attempts to bottom.

bob pisani is town at the nyse with all the details. >> hello, melissa. goldman had a report out revising down. they said a poor risk sentiment and tighter financial conditions, all that has led markets to reconsider how far farther central banks can raise rates globally you put it altogether and goldman believes 10-year yields have peaked. they have revised their yield forecast downward right across the globe. so the most important revision is right here in the united states where they have downgraded their outlook in general. the forecast is now 3% yield for the 10-year by the fourth quarter. that's 50 basis points lower than the old forecast of 3.5%. they dropped in canada 2.4% lower by 50, 60 basis points than the old 3% forecast there's more modest revisions elsewhere. germany, the uk, in japan. germany's case, the downward revision is only 15 basis points lower to 0.65% why the modest downward revisions in europe? the ample supply of bonds and end of bond purchases by the european central bank all limit how far yields can move down while goldman con

gerri you have a full plate down there at nyse. >> liz we have a full plate.acebook if they make this, it will be a big quarter, up 49% on the bottom line, 26% on the top line. daily active users estimated 1.52 billion. that would be a gain of 9%. let's talk microsoft, mr. softy, here, eps estimate of 1.09 a share. 32.15 billion. all about cloud revenue. the azure business. expected to go up 19.1%. visa, revenue estimates 5.14 billion. as i send it back to you, not flip-flops today, liz. liz: not today. gerri, thank you very much. dow up 436. federal reserve's first meeting of 2019 in the books. no rate hikes yet. jeff sica. we have bank rate chief financial analyst, jeff mcbride and deion bowen. did the fed do all right for stock hoeders? >> fed couldn't do better for stockholders. he backtracked about every element of concern. i think investors heard exactly what they wanted to hear. he is backing off aggressive interest rate policy. as a matter of fact he is making it as if investors are believing that he may not raise interest rates at all. , which is real

there are other people here in studio tom farley, ceo of farpoint, former president of the nyse groupook at this guy. >> you're okay walking into the nasdaq with your head held high? >> shudder every time. >> but you don't itch and scratch as much as you used to you don't get a skin condition here >> no. it's good to be with you guys. >> i talked to stacey about it >> i don't think they're happy, my old colleagues, that i spend much time here at the nasdaq i left she's better than i was. sometimes you have to step aside. >> everybody is running for president. is this you yesterday announcing what did you say a chicken in every pot what were you -- >> that is a good shot though. in front of the white house, anybody looks good >> do you want to fill in some of the the -- do you want to give us insight? >> unlike howard schultz and bloomberg, i don't have billions and billions of dollars. >> that makes you more common. >> i'm going to sit this cycle out and i'll see you 2024. >> all right let's look at -- liesman's here too. >> let me give you verizon's numbers. >> verizon coming out wit

on the program thanks so much. >> great to be here. >> good to see you stacey cunningham president nyseu.n. second jeanne jens stoltenberg here. >> former british prime minister on the unifier blair will join me with forecast on agreement of brexit, stay with us right here. go ahead, ask it a question. tecky, can you offer low costs and award-winning full service with a satisfaction guarantee, like schwab? sorry. tecky can't do that. schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca... are you getting low costs and award-winning full service? if not, talk to schwab. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ it's the most wonderful life on earth. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do? cascade platinum does the work for you, prewashing and removing stuck-on f

we will go to the floor of the nyse with mary barra, gm's ceo.we are moments away from david's interview with the general motors ceo mary barra at 9:00 a.m. eastern time. there they are, talking gossip. there is a lot of news from the oil industry. ford and jaguar announcing job cuts, and signaling enormous challenges and the former nissan ceo fighting for his reputation. with all of that, the government battles, ongoing trade there are a lot of potholes ahead for the industry. to help us make sense is michelle creede from auto trader.com and executive analyst from detroit. walk us through what the overarching issue is for the auto industry this year. michelle: well, this year and going forward, the audit industry needs -- the auto industry needs to focus on today's business and generate as much profit as they can and invest in the future for general motors is the prime example. they are focused on electric vehicles, a time in this vehicles, but to fund that, they had to do well selling trucks and crossover vehicles, and every automakers in the s

let's begin with seema at the nyse hey, seema. >> good afternoon, tyler we started the day down about 300 points on the dow and losses intensified once we got that ism manufacturing report it certainly did inspire market confidence the lowest reading since november of 2016 i'll add to that, apple and china concerns those are the three factors the market is paying attention to today. no surprise, the broader tech index down 4%, followed by materials and industrials. companies with notable china exposure, many of which are housed in the cnbc china index we made. caterpillar, boeing trading to the downside these china concerns are not confined to just stocks. look at copper, that's getting a lot of attention here on the floor of the new york stock exchange a nearly two-year low, that's weighing on the global minors. and the australian dollar, seen as a good china proxy, has come under pressure the china story playing out in different sectors, in different assets in terms of what is working for this market, about four stocks on the dow trading to the upside, png, walmart, coca-cola, stock

in about an hour, hour and 15 minutes or so let's look at futures as we start with trading at the nysen 30 minutes. we're looking for a higher open. european markets are in the green. at least they were the last time i checked. let's see how they are now yes. a very significant rally there germany's dax what a bad year last year. >> oh. >> up almost 2% now. you can see a follow through in france and the uk. ten-year note yield, 2.62. there you go wti, above 48. let's get to our road map. it does start with that surge in jobs, employers adding 312,000 jobs with rising wages that to close out last year. stock futures off the highs, but still pointing to a strong rally at the open. >>> the fed fear factor. investors are awaiting new hints on rate policy from jerome powell that's going to be in the next hour these will be his first public remarks since the press conference following that mid-december fed meeting >>> china is set to host face-to-face trade talks with u.s. officials in beijing monday this as the white house warns that a lot of u.s. companies, not just apple, could face china

let's dive in to see what really is happening in the markets with 30 minutes left at the nyse bob pisanit's start with you. >> what's happening here is running out of steam since wednesday, essentially we had been sideways, not surprising given the 10% move up, one of the o best starts in many, many years let's show you consumer staple stocks generally sat out a good part of the rallies so pfizer, merck, coke not doing much and many of the bank stocks starting monday with citigroup haven't really doing much and jpmorgan flat on the week big industrial names on some of trade hopes doing okay, boeing up for the week. caterpillar up for the week. visa, a stock everybody plays, not banks but visa and mastercard doing well. finally, government shutdown, a number of different stocks that are sort of associated with potential impact of government shod hotels, marriotts, low income consumer stocks, dollar general, northrop grumman and american airlines. >> thank you bertha >> hi, sara. flat today and for the week small caps and mid caps have been the standout. both up better than 4.5% looking to

>>> to mad dash as we count you down to the opening bell two minutes, started with trading at the nysee you headed >> sherwin williams, looking for evidence about why jay powell should halt one and wait sherwin williams preannounces in the underperformance basically less paint being sold. and i've got to tell you, i look at existing home sales, which have been weak you paint your house when you buy an old house, not a new house. and this tells me you do not have good housing numbers, you're going to have negative sales in the aisles. home depot will go down, lows, more connected to it, this is disturbing because what it says is that when you get all those numbers about existing home sales not being great, there is an impact. and this is the impact and sherwin williams one of the favorite hedge fund names. don't ask me how that was. but because they bought val spar this say chink in the theory that the economy is really strong because of unemployment and we keep finding these chinks and they don't add up. they don't add up in terms of you're supposed to be -- if you're doing better pain

this is that strange combination so successful in the nyse's history of high-tech people putting in orderslectronically and then large orders on the floor to buy and sell. so this should reopen in -- between $13 and $14. should be ready to open in just about a minute or two. the halt should be five minutes and it's about time up right now. so this is something you don't see as much because the orders come in here and it's very rare when you have to open a stock and then close it again because it hits the limits so there are what are calledtrading bands that operate and limit how fast stocks move up and down and instituted after the 2010 flash crash. it sort of controls the speed at which some stocks tend to move here it is just opened. take a look. opened here at $14 now trading at $14.18. there you go we'll see if it gets halted again and excitement down heeren on the floor. >> the first delay was for volatility and then news pending. either way, the result as you see, if we look at the live price, up some 75%, almost 80% from incredibly depressed levels in recent weeks and months but pg&

focus we'll see how the stock opens a few minutes from now when we have the opening bell here from the nyse"squawk on the street" straight ahead i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. the company who invented car vending machines and buying a car 100% online. now we've created a brand new way for you to sell your car. whether it's a few years old or dinosaur old, we want to buy your car. so go to carvana and enter your license plate, answer a few questions, and our techno-wizardry calculates your car's value and gives you a real offer in seconds. when you're ready, we'll come to you, pay you on the spot, and pick up your car. that's it. so ditch the old way of selling your car and say hello to the new way... at carvana. ♪ ♪ each day, brings new possibilities

maria: all right gerri thank you so much gerri willis floor of nyse russia social media accusations outthe world. >> putin got a problem the russia can never rise to level of the west so what he is trying to do is bring the level the level of the west down to russia. and is doing that by taking all sorts of issues all sorts of countries, aexacerbateing them in france tried to health care macron election in facebook, twitter so forth the purpose inexpensive allows him to achieve about pb big results getting everybody angry at everybody sitting there laughing. >> the richest man in the world going around doing terrible things killing people different countries killing his own people in his own country getting away with it. >> you think the richest man in the world he takes stakes inferring. >> basically, he is not like a normal head of state he is what i call "klepto"crat stealing from stated rich people to become richest man in russia you can't be rich in russia unless putin is your partner. >> go through what your ordeal has been like because one point you were the single largest invest

in about an hour, hour and 15 minutes or so let's look at futures as we start with trading at the nyseuropean markets are in th

ringing in the opening bell at the nyse good friday morning. welcome to "squawk on the street."futures up more than 100, looking for a fourth day and a fourth straight week of gains. the longest stretch since august for the dow. netflix and amex big stories tesla cutting jobs, day 28 of the shutdown green arrows in asia overnight industrial production in just about 15 minutes we

ringing in the opening bell at the nyse good friday morning. welcome to "squawk on the street."'m carl quintanilla with david faber, sara eisen and cramer is off today. futures up more than 100, looking for a fourth day and a fourth straight week of gains. the longest stretch since august for the dow. netflix and amex big stories tesla cutting jobs, day 28 of the shutdown green arrows in asia overnight industrial production in just about 15 minutes we begin with china trade confusion and optimism stocks set to open higher as there are reports that the white house could reduce tariffs on china. >> no choice, but layoffs. tesla's ceo telling employees the company will trim its workforce by about 7% and improve manufacturing to stay competitive. >> netflix on a tear subs on the rise up 34% from last year. slower revenue growth sending shares lower premarket >> stocks are set to open higher on track for a fourth straight week of gains as we said, a day after the dow closed out a so o so-called correction territory the journal reported as you know that mnuchin discussed lifting tarif