to help us understand what's going on, i'm joined by andrew ross sorkin. co-anchor of cnbc's "squawk box" and a columnist for the "new york times," as well as an editor of its "daybook" newsletter. andrew ross sorkin, great to have you back on the newshour. such wild developments in the market today. can you just help us understand what on earth is going on? >> it's hard to understand. it is a wild, wild story. i don't think i've ever seen anything like this in my career, frankly. there is a small group, almost a small army, if you will, of mostly younger folks who are assembling online in chat groups and are bidding up the shares of companies like gamestop. gamestoches a company that was worth $20 a share at the beginning of this year. today, it's worth almost $350 a share. the company is now worth the same as delta. this company makes no money. there's an almost ponzi scheme-like element to this. it was originally driven by a nostalgia for gamestop by some of the investors and a "stick it to the man" kind of view that the system was rigged against compani

andrew ross sorkin, thank you so much for joining us.e you. >> great to see you, thanks, appreciate it. >> i'm happy you're able -- >> you bet. >> -- to make some sense of what's going on. that's going to do it for me today. if you're going out, wear a mask. if you're staying in, ayman mohyeldin picks up our coverage, next. with oscar mayer deli fresh it's not just a sandwich, far from it. it's a reason to come together. it's a taste of something good. a taste we all could use right now. so let's make the most of it. and make every sandwich count. with oscar mayer deli fresh my nunormal: fewer asthma attacks. less oral steroids. taking my treatment at home. nucala is a once-monthly add-on injection for severe eosinophilic asthma. not for sudden breathing problems. allergic reactions can occur. get help right away for swelling of face, mouth, tongue, or trouble breathing. infections that can cause shingles have occurred. don't stop steroids unless told by your doctor. tell your doctor if you have a parasitic infection. may cause headache,

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and let's take a look at the u.s. equity futures as we crash into this friday we have seen the market kind of exhibit a lot of volatility this week, as you probably know wednesday was the biggest loss that we'd seen for the markets in about three months. thursday, yesterday, we made up some of that ground. dow was up by 1%, so was the s&p 500, nasdaq up by a half percent, this morning we are giving back much of the gains. the dow futures are indicated down by 240 points s&p futures down by 35, and the nasdaq is off by 155 points, at least in the premarket activity and if these losses that we're seeing right now in the futures were to hold through the session today, you would be looking at both the dow and the s&p 500 down for the year to date, down for january. not the case with the nasdaq just yet it would be holding on to some gains. we'll continue to keep an eye on this that wild week for gamestop continues as well. as joe mentioned, that stock is up sharply that doesn't describe t

i'm andrew ross sorkin along with becky quick and joe kernen. u.s.are in the red this friday morning. looks like the dow would open off 246 points down. nasdaq looking to open 72 points down and the s&p 500 looking to open off about 27 points got a couple headlines to talk about this hour. ford recalling 3 million vehicles 2.7 million in the united states for a potential airbag issue the problem is the airbag inflator, that's what the issue is, could potentially rupture. this could call ford $6.4 million. >>> a judge has refused to have amazon restore parler's web hosting. the judge said parler could not prove that amazon breached its contract with parler or violated antitrust laws. >>> the pandemic continuing to way lay big budget releases for major movie studios. joe and becky and i are all looking forward to this movie. the newest james bond film "no time to die" is pushed back for the third time we haven't talked. this creates real questions and problems for mgm in terms of how they're bumming getting. that was a company people thought might get

i'm andrew ross sorkin along with becky quick and joe kernen.market looks like it will open down across the board dow off 100 points, s&p 500 off 11 disney is ending the pass program. the park has been closed for 10 months due to the pandemic disney said it was ending the program due to uncertainty, as you might imagine, about reopening. president trump extending tariffs on residential washing machines for another two years tariffs designed to protect u.s. manufacturers, they were due to expire on february 8th meantime, mobile gaming company playtika is set to have its ipo. wall street debut pricing the f per share. joe? >> the number on jpmorgan if it's clean would be well above $3.79. haven't gone into the press release. $2.62 was the estimate it's a big beat. >> you see the reserve release >> reserve release is here, 2.9 billion of credit reserve. >> that's 72 cents a share >> release so if we take that out, still be above $3.79. $2.62. as i said, 28.7 billion was the revenue estimate and the company reported 29 po.2 book value, the quality o

this is cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and we're watching the u.s. equity futures this morning. things are indicated a little higher it was a mixed day yesterday the dow was down but only by about 8 points, and really, the markets have been kind of treading water we hit new highs last week, and we have been treading water, watching all of these events unfold in washington the major averages are a half percent off their all time highs, the dow is a gain of 103 points, and this morning, the futures are indicated up by 94 points, that tells you how closely these markets are kind of sitting around near those new highs. s&p futures are indicates up by 5 1/2 points, the nasdaq is down by 23. if you're looking at the performances over the last seven sessions, the s&p has been up six of those sessions. over the last five days, the nasdaq has been after four of those sessions hat tip to peter for running these statistics for us. the s&p 17 points from the hie, and nasdaq, 79 or 80 points off. if we take a look at what's been happen

i'm joe kernen along with becky quick and andrew ross sorkin u.s.ve passed the triple digit mark on the way down down about 132 points now. s&p 500 up 3 and change. nasdaq indicated up 128 points treasury yields this morning, quick look at those on the ten year ten year 1.06. let's go to our first biggest this hour. some familiar fault lines emerging in washington over pro president biden's covid relief proposal on a call with lawmakers yesterday. administration officials tried to head off republican concerns that the plan was too expensive. democrats and republicans agreed that vaccine distributions should be a priority joining us to talk about covid relief, impact on the economy and much more, former goldman sachs ceo lloyd blankfein. always a pleasure to see you. >> hello, sir. how are you? >> i'm great thanks for joining us this morning. how are you viewing the world right at this point in time? we've had the inauguration we're hearing about another perhaps as much as 2 trillion that we're going to try to handle covid with. that adds to what we'

i'm andrew ross sorkin along with becky quick and mike santoli.on this tuesday morning as we get a flood of earnings reports coming in. the dow looks like it would open higher, 64 points higher the s&p 500 up 2 points. the nasdaq though in the red looking to open down about 6 points right about now becky? >> andrew, we've got some breaking news on regeneron i want to get back over to meg tirrell. she has details on that. meg? >> reporter: hey, becky. we know regeneron has this antibody drug. just like lilly, they were testing this antibody in prevention people who live with somebody who's been diagnosed with covid. they are releasing these prevention results right now on their antibody cocktail, combination of two they say in this analysis of 400 people in the trial, they were able to prevent 100% of symptomatic infections prevent everybody from getting the disease in people who live with somebody with covid and we're able to cut down by asymptomatic infection or transmission by half the numbers on the disease part are pretty small eight people in

i'm becky quick along with joe kernen and andrew ross sorkin, and you're going to see the u.s.ity futures this morning are looking pretty powerful at least at this point. dow is indicated up by about 185 points we have been up by a couple hundred points, nasdaq indicated up by 32 and the s&p indicated up by 27 or 28 points. this does come after both the dow and s&p 500 ended down last week for the first time in five weeks. and if you want me to explain why, well, every morning we sit around here trying to make up reasons for why things are higher, why they're lower, but lately almost always why they're higher the only thing i can point to is janet yellen, the comments coming from her, the former fed chair coming before the senate ylan mui has more on the comments that joe was referencing. that's the only thing i can point to if you got to explain why futures are up this morning. let's take a look at what's happening in the treasury market you'll see that ten-year is yielding 1.116%. joe, andrew, you look around, you got any better reasons as to why we might be looking at this r

i'm becky quick along with joe kernen and andrew ross sorkin. and even after everything we've seen over the last couple of days, the market has continued to march higher. yesterday market setting new highs once again, in fact the nasdaq closed above 13,000 for the first time ever and the dow closed above 31,000. let's take a look at where things stand right now you will see even after the dow is up more than 652 points over the last two sessions, it is indicated up another 75 points this morning s&p futures indicated up by about 9 1/2 and then the nasdaq indicated up by about 38 so very strong momentum that is i continuing and treasury yields, remember earlier this week the ten year finally crossed above 1% for the first time since march this morning it is also continuing to climb. the yield of the ten year sitting at 1.083%. and that has been a big factor why at least some areas of the market have move higher including financials >>> and president trump acknowledging that joe biden will be president but did not take responsibility for the mob o

morning, everybody, welcome to "squawk box" on cnbc, i'm becky quick, along with joe kernen and andrew ross sorkin. yesterday was a bit of a back and forth session, some up, some down, we ended the session higher dow up by about 60 points. s&p up by 1 1/2 points but that was enough to push the average above 3,800 where it had fallen below the day before, and the nasdaq was up as well. this morning, nasdaq is indicated up by about 10 points but the dow is down by less than a point and the s&p is giving back that 1 1/2 points that it gained yesterday we'll see where things go. obviously a lot of people waiting to see how the rest of the political landscape unfolds. keeping a close eye on the treasury market. you know that the tenure has been a steady upward progression. it gaive back a little bit yesterday afternoon when the treasury auction came out. you can see this morning the yield is still sitting at about 1.124% let's take a look at the price of bitcoin, i should say this has been the one to watch because you never know what you're going to get when the chart comes up okay, right now, we're up

so we will check out your story with our colleague andrew ross sorkin. >> thank you. >> and so now the push for mass production and we will speak to new york mayor bill de blasio for his call to the pharmacies to standdown and some of the patents and opening up schools and restaurants opening up safely. and plus, the frenzy of trading in certain stocks and now getting the attention of some members of congress who are calling for hearings potentially investigations. >>> all right. heading to the break, we are looking at the heat map. and j&j, and the stock is down, and 3m and the dow is now down at a session low of 730 points. 2.5%. we are back right after this. >>> all right. welcome back. moments ago the dow was down more than 700 points and pretty much at that mark right now off 695, 2.3%. a lot of broad market contagion either causesed by the reddit rebellion and the margin calls that we talked the about and the market is down 700 and also by the way, the vix is soaring. now we called the vix the quote fear gauge, because it is generally going to mention the option spread, but theda

i'm becky quick look with joe kernen and andrew ross sorkin.e'll start with the markets if you were watching yesterday, that was really something to see. stocks actually dropped to kick off the new year the do

i'm becky quick along with joe kernen and andrew ross sorkin.erything we've seen over the last couple of days, the market has

to help us understand what's going on, i'm joined by andrew ross sorkin.e co-anchor of cnbc's squawk box, a columnist for the new york times, as well as an editor of its daybook newsletter. such wild developments in the market. can you help us understand, what on earth is going on? andrew: it is hard to understand. i don't think i have seen anything like this in my career. there is almost a small army of mostly younger folks who are assembling online in chat groups and bidding the shares of companies like game stop. game stop was a company that was worth $20 a share at the beginning of this year. today it is worth almost $350 a share. the company is now worth the same as delta. this company makes no money. there is almost a ponzi scheme element to this. it was originally driven by a nostalgia for gamestop and a stick it to the man view that the system was rigged against companies like gamestop and against regular investors. a number of hedge funds had that against gamestop shares and other investors were trying to win the game and make them lose. at the mo

i'm becky quick along with joe kernen and andrew ross sorkin and the sun is

i'm becky quick along with joe kernen and andrew ross sorkin. if you check out the u.s.e been following dow futures indicated up by 31 points the s&p futures up by 13 the nasdaq up by 133 the dow was up for the week last week by 0.6% i think that was the fifth out of six weeks we've seen the dow closing higher the s&p was up a little bit more than the dow it was up by 2%. that's the third out of four weeks weave seen the s&p higher. then you had the nasdaq setting a new record high on friday.

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and mike santoli.ss we're playing because of game stock, get it, a little bit of a stretch but i get it let's take a look at what's happening with the u.s. equity futures at this hour you're going to see right now after a mixed day yesterday, there are some slight give backs this morning dow futures down by 1% s&p futures off by about 5, and the nasdaq off by about 34 yesterday, the dow was down, but both the s&p 500 and the nasdaq rose to new highs. part of that because of what

, everyone, welcome to "squawk box" here on cnbc i'm becky quick, along with joe kernen and andrew ross sorkinntinuing to watch the markets this morning, and ahead of all of this, the markets which have been up so sharply are kind of treading water this morning. they were up yesterday, and in fact, the nasdaq was the big gainer yesterday it was up by about 1 1/2%. this morning the nasdaq's indicated up another 107 points. dow was up by about 100 points yesterday, and this morning it's up another 85, and the s&p is indicated up by about 16 points, probably worth pointing out that since the election back in november, the s&p is up by 12.8%, just a gauge of where things have gone to show you how strong these markets hav

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin, andng the u.s. equity futures this morning yesterday we did see a break in the four-day winning streak we've seen for both the s&p 500 and the dow but it wasn't by as much as we had seen when we were watching the futures earlier in the morning. dow was only down by i think it was a third of a percentage point, maybe a little less than that the s&p was down by about 2/3 of a percentage point nasdaq was hit a little harder, down by 1 1/4% this morning there are green arrows, dow futures up 65 points, s&p futures up by clos

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.s friday we have seen the market kind of exhibit a lot of volatility this week, as you probably know wednesday was the biggest loss that we'd seen for the markets in about three months. thursday, yesterday, we made up some of that ground. dow was up by 1%, so was the s&p 500, nasdaq up by a half percent, this morning we are giving back much of the gains. the dow futures are indicated down by 240 points s&p futures down by 35, and the nasdaq is off by 155 points, at least in the premarket activity and if these losses that we're seeing right now in the futures were to hold through the session today, you would be looking at both the dow and the s&p 500 down for the year to date, down for january. not the case with the nasdaq just

morning, everybody welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin the u.s. equity futures yesterday was a pretty interesting day, and by interesting i mean down. if you were watching what happened, the dow was down by 2% s&p down by 2 1/2%, and the nasdaq was big loser down by 2.6% dow was down by about 633 points, and these are pretty significant moves. in fact, both the dow and s&p have given back all their gains for this very young year still the month of january, but we've seen significant gains through the course of the year, gave them back for the dow and nasdaq we're looking at red arrows once again.

morning, everybody, welcome to "squawk box" on cnbc, i'm becky quick, along with joe kernen and andrew ross sorkinday was a bit of a back and forth session, some up, some down, we ended the session higher dow up by about 60 points. s&p up by 1 1/2 points but that was enough to push the average above 3,800 where it had fallen below the day before, and the nasdaq was up as well. this morning, nasdaq is indicated up by about 10 points but the dow is down by less than a point and the s&p is giving back that 1 1/2 points that it gained yesterday we'll see where things go. obviously a lot of people waiting to see how the rest of the political landscape unfolds. keeping a close eye on the treasury market. you know that the tenure has been a steady upward progression.

i'm becky quick along with joe kernen and andrew ross sorkin, and you're going to see the u.s. this point. dow is indicated up by about 185 points we have been up by a couple hundred points, nasdaq indicated up by 32 and the s&p indicated up by 27 or 28 points. this does come after both the dow and s&p 500 ended down last week for the first time in five weeks. and if you want me to explain why, well, every morning we sit around here trying to make up reasons for why things are higher, why they're lower, but lately almost always why they're higher the only thing i

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. equity futures on this friday. we did see a little bit of a pull back yesterday for the stock market, and, you know, this came after a week of kind of treading water, i would say, just coming off some of those all time highs we are on track for the three major averages to end down this week, that would be the first time in five weeks that's happened s&p futures off by ten, the nasdaq down

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.k at the u.s. equity futures this morning, we see a little bit of a mixed picture. the nasdaq is indicated higher this morning it's up by about 40 points part of that because of the some of the strength we heard with some of the technology earnings reports that came out last night. microsoft much better than anticipated, amd strong report

welcome to "squawk box" here on cnbc o i'm becky quick, along with joe kernen and andrew ross sorkin.utures at this hour are indicated higher even after the big gains that we saw yesterday. yesterday was a big day for the markets. dow was up by about 0.8% the s&p was up by about 1.4% the nasdaq was the really big gainer, though, up by 2% all three of those major averages closing at highs. it didn't stop there you saw the russell 2000 and the dow transports hitting new highs as well, and for an inauguration day it was

i want to bring in andrew ross sorkin, founder of deal book and cohost of squawk box, and my old friendh navagrtz, ceo of galaxy digital. big picture, michael, from a cultural perspective, these robin hood traders this is the same spirit of those $10 do nors who thrust bernie sanders into the center of the political establishment. now it's that exact same spirit but they're trading gamestop on their phones, can you connect the dots? >> listen, there is an anger out there, if you go on the reddit chat rooms, you're shocked at how much anger, almost a nihilism of let's tear down the system. it's millennials looking at baby boomers saying you screwed our planet up, you screwed our economy up, you screwed our future up, we're sick of you and we're coming after you. part of this is a classic short squeeze but part of this is much bigger, it's that same, as you were saying, that same nihilism we saw with people trying to tear down the capitol. you know, it's that same anger you saw in the black lives matter protests. you know, i remember the l.a. protests, there was eat the rich was written a

this is cnbc i'm becky quick along with joe kernen and andrew ross sorkin.y futures this morning. things are indicated a little higher it was a mixed day yesterday the dow was down but only by about 8 points, and really, the markets have been kind of treading water we hit new highs last week, and we have been treading water, watching all of these events unfold in washington the major averages are a half percent off their all time highs, the dow is a gain of 103 points, and this morning, the futures are indicated up by 94 points, that tells you how closely these markets are kind of sitting

joining us now to discuss, andrew ross sorkin, co-anchor of "squawk box." america does not like to weigh in on politics, certainly not january 1st, first month of the year when they've got covid to deal with. what's your take on what we saw the last 24 hours? >> it's an historic moment, but at the same time it's a defensive moment. i don't think we should give these companies any more credit than suggesting that they are recognizing what has happened here, some of them have funded sedition. that's what's happened. they've funded sedition. and the good news, if there is good news, is that they are acknowledging it, and they are putting some of these funding efforts on pause. i think there's a big distinction between those who are singling out the leaders that supported this effort of sedition and those that didn't, the idea of pausing across the board to some degree is a cop out because it effectively is injuring those that might be on the right side of things. having said that, what i hope happens here, more than anything, is that companies see this as an o

welcome to "squawk box" here on cnbc happy friday, i'm becky quick along with joe kernen and andrew ross sorkin, a little bit of a different picture this morning. you are going to see some pressure at this point dow futures indicated down by about 233 points the nasdaq is off by about 75 and the s&p down by 26 we haven't seen red arrows in a while at this hour yesterday, you did see both the s&p 500 and the nasdaq set new highs once again with new records. the dow was down, but just barely it was only down by about 12 points again, there is considerably mo

joining me now to discuss, two of my favorites, andrew ross sorkin, co-anchor of cnbc's "squawk box,"you were part of the administration in 2009. walking in to a devastating financial crisis. that was an enormous challenge. compare that to what biden's stepping into. >> he is stepping into an incredibly complicated multifaceted problem in the economy in the pandemic and everything he talked about. but he has the solution to this. he has the vaccine if he can get it out there. he has a $1.9 trillion proposal, which could do an enormous amount to get the economy growing again. so i think, you know, we could have a real great year if we take the right steps. and i think he's taking a lot of them so far. >> andrew, in deal book this morning you say that wall street can tell us a lot about the economic situation biden is walking into. i mean, wall street is about a million miles away from the real economy. so how do you mean? >> you know, what we looked at this morning was actually what the banks are doing and how the banks are thinking about what the economy is going to look like over the

i'm andrew ross sorkin along with becky quick and joe kernen. take a look at u.s. so much going on given the news out of georgia overnight the dow looks like it would open up higher at 87, close to 90 points higher. perhaps the real story is that tech stocks are under pressure you're seeing that in the nasdaq which looks like it's going to open up 207 points down because of a rise in interest rates and in large part because of the race in georgia and what it may mean for tech regulation meantime, you're looking at some stocks, facebook down 2.5% meantime, look at solar stocks for a moment because this morning democratic senate would be more inclined to pass, at least the view is would be more inclined to pass alternative energy friendly policies stocks like invesco solar up 6%. solar etf up more than 5% this morning. joe. >> tesla at new highs easily >> tesla new highs as well talking about 2% this morning. >> $700 billion market cap now i mean, that's not far from a trillion tesla. get right to the top a little ways, i guess, 30, 40%. for real 700 billion. let's g

i'm joe kernen along with becky quick and andrew ross sorkin futures pulling back from new highs from 230 points s&p down 23 and change nasdaq down 75 also treasury yields treasury yields at this hour 1.1% on the 10-year. some of the most exciting. tesla, bitcoin is not a stock but all the way back down to 33,000 and change which 33,000 is a lot, just under 34,000 but up from, where were we, 8, 9,000. down from almost 42,000 just a couple of days ago do the math. $9,000 on 42 is a pretty big percentage loss. >> thanks, joe let's get you caught up on the continuing fallout from last week's riots at the u.s. capitol which came after president trump rallied his supporters at an event nearby congressional democrats will begin efforts as soon as today to remove the president from office house speaker nancy pelosi says lawmakers will move to impeach the president, but before that today house democrats will be seeking to vote on a resolution that calls on vice president mike pence to invoke the 25th amendment to remove president trump from office. yesterday pennsylvania senator pat toomey be

i'm andrew ross sorkin along with becky quick and joe kernen. u.s.s hour 2 1/2 hours before the markets open the dow would open 73 points higher, s&p 500 opening up 10 points and nasdaq opening 50 points higher. president trump will make his first public appearance since inciting riots as house democrats call on vice president pence to remove him through the 25th amendment eamon javers joins us. >> reporter: good morning. there are real security concerns in washington as members of congress get briefed on additional threats one republican member on "the news with shepard smith" saying he expects the violence is not over yet here's what he says. >> i am expecting there will likely be more political violence my expectation and the expectation of some folks i'm talking to who are trying to vote our conscious on this is there will be folks that try to kill us. >> reporter: at the same time, congress is moving forward with impeachment, we expect today the house of representatives to vote on a motion to invoke the 25th amendment to pressure the vice presid

i'm joe kernen along with becky quick and andrew ross sorkin here are the equity futures. airlines we could spend the next hour on it. >> holy cow. >> stocks coming off the worst day in three months. losses yesterday wiped out yearly gains for the dow and the s&p 500. total market volume at the highest point since 2007 close to 24 billion share. most of them game ststop -- no,n late 2008 during the height of the financial crisis becky? >> this is entertaining at least. keeps you -- something to watch. it is something to see the real questions are what happens underneath it all? billionaire entrepreneur mark cuban says he's a big fan between what's playing out they have helped bid the stock up massively last night cuban tweeted, i got to say i love love what is going on with #wallstreetbets. all of those years of high frequency traders front running retail traders, now speed and density of information even my 11-year-old traded with them and made money. mark is the owner of the nba's dallas mavericks mark, i want to hear your thoughts on this >> sure. >> again, i love the s

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and if you take a look at the u.s. equity futures this morning, we see a little bit of a mixed picture. the nasdaq is indicated higher this morning it's up by about 40 points part of that because of the some of the strength we heard with some of the technology earnings reports that came out last night. microsoft much better than anticipated, amd strong report there, too, and you can see the nasdaq right now indicated up by about 40 points. dow futures are indicated down by about 140 the s&p looks like it would open down about 13 points this comes after a slightly lower day for the markets yesterday. also worth taking a look at treasury markets this morning, too, if you want to take a look and see what the yield is on the ten-year right now you'll see that at least right now, you're looking at a yield of 1.041%. andrew >> thanks, becky we have some breaking news right now on what has turned into the soap opera, and saga of the markets right now, and that is the story of gamestop. the n

i'm andrew ross sorkin along with becky quick and joe kern en happy new year once again.tures at this hour they're looking up 2021 looking to restart the year somewhat where we were at the end of the year in the green, which is the dow up about 165 points, nasdaq looking to open about 60 points higher, s&p 500 looking to open 20 points higher let's get you to some of the headlines taking place this hour airline passenger levels hit their highest levels since last march. that's despite warnings against unnecessary travel amid fears of worsening the covid-19 pandemic. the tsa saying it screened 1.2 million passengers alone on saturday meanwhile we got two takeover deals in the news this morning a health insurer has announced a deal to buy magellan health for $2.2 billion in total. and then telenon is buying a company for $8 billion and samsung plans to introduce its smartest new phones or new smartphones on january 19th. it's sending out invitations for a virtual event where it's expected to unveil it's new galaxy smartphones so this is a pull forward to january surprising

i'm joe kernen along with becky quick and andrew ross sorkin u.s.ut we're still in the green on the dow up 40 points it's going to be a day of pomp and circumstance, just getting under way in washington, d.c., though, the coronavirus and the politics of the moment make it different in large part from past presidential transitions. president trump will not be attending joe biden's inauguration he's heading from the white house to joint base andrews where he's expected to deliver remarks before boarding air force one and flying to palm beach, florida vice president mike pence will attend the inauguration which thanks to social distancing will be much smaller than in the past, next >>> joe, thank you, as we await the remarks, let's bring in lee cooperman for his thoughts on trump's legacy and as well as what he's expecting for the business and markets under president joe biden. lee is the chairman of mega office lee, you've been pretty open about your political dent the last several years including what you said about the most recent election. you said

welcome to "squawk box" here on cnbc o i'm becky quick, along with joe kernen and andrew ross sorkin. the u.s. equity futures at this hour are indicated higher even after the big gains that we saw yesterday. yesterday was a big day for the markets. dow was up by about 0.8% the s&p was up by about 1.4% the nasdaq was the really big gainer, though, up by 2% all three of those major averages closing at highs. it didn't stop there you saw the russell 2000 and the dow transports hitting new highs as well, and for an inauguration day it was a pretty big deal typically on inauguration day, i don't know why, the market trades a little bit lower. not everybody market day is on a market trading day it's on january 20th, sometimes that's on a weekend. historically, markets have traded down on inauguration days yesterday clearly not the case yesterday was the first time that the s&p 500 rose more than 1% on an inauguration day. a little bit of history for you. check things out this morning. you're going to see right now there are green arrows across the board once again no major moves, but again,

i'm andrew ross sorkin along with becky quick and joe kernen. i want to show you u.s. equity futures at this hour after what has been a tumultuous 24 hours in washington, but not so much in the markets the dow is up, dow looks like it would open up higher this morning as well, up about 53 points, the nasdaq looking to open higher, 86 points higher. the s&p up 13 1/2 points i want to take a look at bonds the ten year is remaining above 1% oil remaining steady after the u.s. capitol drama as well wti rising a little over 1% yesterday, wti crude at 50.69 and bony hitting a value of a trillion dollars, breaking the $37,000 mark in trading near a new high so a lot, and now at 38,000, literally as we speak. meantime, breaking overnight, congress confirming the presidential election, paving the way for joe biden as the next president ammon j eamon javers, joins us this morning. >> what we saw yesterday was the constitution and the rule of law coming under violent attack in the united states of america but in the end, andrew, both the constitution and the rule of law held fast

let's go straight to cnbc's andrew ross sorkin, who has the robinhood ceo right now. a, thank you so very, very much. i want to bring in the ceo of robinhood, vlad tenev is with us right now. and we appreciate you joining us on a day where there are so many questions. and as melissa just said, there are frankly as you know a lot of angry customers out there and a lot of questions about what took place and the decisions that you made to limit so many of your customers' ability to buy stocks like gamestop. questions about whether you have a liquidity problem, whether you're trying to protect them from themselves, whether citadel did this explain what happened today. >> thank you for having me on the show again, andrew so what happened today was as you pointed out, we had to make a very difficult decision. it's been a challenging day. we made the decision in the morning to limit the buying of about 13 securities on our platform so to be clear, customers could still sell those securities if they had positions in them and they could also trade in the thousands of other secu

i'm becky quick look with joe kernen and andrew ross sorkin. we'll start with the markets if you were watching yesterday, that was really something to see. stocks actually dropped to kick off the new year the dow was down by 382 points at the end of the session. and that was the good news because at one point we were off by more than 700 points. on again, something to watch as we got into the final hour of trading, things firmed up a bit. rough start for the futures -- for the markets yesterday. it was the worth start that we've seen since 2016 for the three major averages taking a loolook this morning, w futures up about 54 points so not in the red. and s&p 500 up by about 7 and then the nasdaq up by close to 20 points. there is a healthy dose of fear to start off the year. the vix yesterday up by 20%. that was also something to watch this morning sitting just below 27 and the treasury market, you will see that it looks like the ten year note is yielding 0.933%, but again, guys, yesterday morning when we came in, futures were in positive terri