. >>> we'll have more from cnbc exclusive with ftc chair lina khan andrew ross sorkin is with us andrew ross sorkin is with us right after this break tools and a personalized plan that helps you build a future for those you love. vanguard. become an owner. what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. two out of three guys experience hair loss by the age 35. kind of scary. that's why i use keeps. keeps offers clinically proven treatment, and the sooner you start the more hair you can keep. get started for $1 a day at keeps.com. >>> it was her first interview since becoming chair of the ftc. andrew ross sorkin sitting down with lina khan last hour andrew, it was a great interview. great discussion i'm curious as to what your

andrew ross sorkin, neil irwin, great to have you here.hreat. >>> new this morning, police tracking a troubling spike in carjackings in major cities, all part of a larger crime wave sweeping the country. joining us is gabe gutierrez in new york and carmen best, a retired seattle police chief. gabe, what is behind this? >> good morning. well, comprehensive national data on carjacking is not available from the fbi, but many large cities are reporting a significant rise during the pandemic. crimes of opportunities. >> they're taking cars with weapons on point, knives. >> reporter: this shocking attack in new york city caught on nypd body cam video. >> [ bleep ] move! >> reporter: the suspect able to get away, speeding down a busy street, plowing into parked cars as police tried to stop him. in washington, d.c., council candidate nate fleming was carjacked at a gas station, the suspect points a gun at him and gets into his car. >> guns were pointed in my face before i could blink an eye. >> reporter: in new york rangers, a family forced out of

welcome to "squawk box" right here on cnbc i'm becky quick along with andrew ross sorkin, and mike santoli joe is off today but we want to wish him a happy birthday big day for him. less of a big day for the markets yesterday we're w56atchn the fallout as the dow is coming off a nearly 400 point loss. the dow was actually the relative winner yesterday. it was only down about 1%, versus 2% for the s&p 500 and the nasdaq, which was down by 3.3% it was the big loser and this all happened after the december fed minutes indicated an interest rate hike could come as soon as march and reveal discussions about balance sheet reduction. lots of interesting things happening here you can see the drop came just after 2:00 when the minutes were released we'll talk with steve liesman more in a couple seconds about this mike, you were watching this this as it was happening and seeing this realization that the fed is going to potentially move actively i don't know why that came as a surprise but you did see big act especially with the high market -- >> it was a little more hawkish than anticipated obviousl

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with andrew ross sorkin joe kernen is off today. things calmed down on friday we were looking like we were in the green. not so quickly right now, the dow futures are indicated down by 120 points s&p futures off by 3 points. nasdaq is hanging in there up by 62 as you know what is happening, you know you don't want to turn away we will see what happens as we get closer to the opening bell because this is the last day of the month, we want to look at major index for the year it has been one to not necessarily write home about last week was good the dow, s&p and nasdaq closed in positive territory which is hard given the swings. if you are looking for the month to date and year to date, dow is down 4.5% almost s&p down 7%. the nasdaq down by 12% for the year to date it has been a rough start to the month of january also look at what is happening in crude actually the treasuries first. the ten-year yielding 1.78%. two-year up 1.207% crude oil is up significantly. if were you watching crude, it was up 2% for the week if you

good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkinneeded a week to get our heads back on straight the dow had a rough week

i'm becky quick along with andrew ross sorkin and mike santoli.r, things are barely budging. if you look at things right now, the dow turned negative down 7.5 points s&p futures are still higher up by 4.5 the nasdaq for once is in positive territory indicated up 25 points. but for the week the nasdaq down by about 3.6%. we're also watching crypto currencies, they under pressure trading around $4200 for bitcoin. this is coming as an internet shutdown in kazakhstan cited as something pressuring prices. bitcoin is down just under 2%. kazakhstan is the world's second biggest bitcoin mining hub and that's why it's been cited the problems there for something putting pressure on bitcoin. andrew >> okay. thanks, becky. >>> let's talk about the stories investors will be talking about today, including what we will be hearing about at 8:30, which will be the jobs number. let's start with gamestop, the retailer surge on the report that it will start a new division to focus on crypto currency partnerships and non-fundsable tokens, maybe character items and wea

good morning welcome to ""squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkinmplain and get bacon >> i picked a bad day to start that diet. it's like from "airplane." >> bad day to give up sniffing

i'm becky quick along with joe kernen and andrew ross sorkin. check this out, you see at this hour dow futures down about 250 points but that's nothing compared to the nasdaq, down 286 points, much bigger on a percentage basis, s&p down as well by about 53 this is coming as you see a spike in treasury yields the 10 year up to 1.813% the higher yields, 1.04% for the two year all of that putting severe pressure especially on the high multiple stocks. that happens to be a lot of the technology stocks which is why the nasdaq is slhowing a decline the faang stocks you see across the board down by 1 to 2%. facebook down by about 2%, 2% at the cline for amazon alphabet down by 2% as well. again, the high -- those high multiple stocks that react so sharply every time you see yields go up crude oil prices hitting a 7 year high after militants launched an attack in abu dhabi. the uae vowed to retaliate but this morning, wti up $85.25, something that's definitely getting attention this morning >> that it is. >>> it is time for the squawk planner. earnings

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and mike san tolli. joe is off this morning. the dow and s&p 500 marked record highs on the first day of the trading year for 2022. the dow was up by 246 points and the s&p was up by .6%. it was the nasdaq, though, that was the relative outperformer. it was up by 1.2% thanks to a positive session from meta platforms, amazon and alphabet all of the stocks moving higher. and the nasdaq the outperformer for the first trading day of the year it was the treasury markets that were the outperformer -- let's look at what's happening this morning with fair value. dow futures indicated up 109 points this morning. s&p futures indicated up by 14 and the nasdaq indicated up by 43 as i mentioned it was the treasury market that a lot of people were really watching closely because there was some big movement here. the ten year this morning now yielding 1.635%. it was a rapid move higher for yields, lower for prices mike, i don't know what happened, what sparked that, but two things, treasury making the huge move and wa

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and joe kernen, who is just back from the home of the new national champions. that's right, congratulations to the georgia dogs welcome back, joe. good to see you. >> one more day. >> i couldn't believe you came back the day before that happened poor planning on your part. >> anyone notice that hershel is now back in the spotlight. it's all weird, isn't it. >> the last time they won, was it 42 years ago, 1980. >> you're asking me because you think i was -- no. yes, it was, it was 1980 i think it was -- i had been at merle lynch for 80 years no 1980 is when i graduated from grad school. how's andrew doing in what's going on sorkin, i didn't see you the week before i left either. you look bright eyed and bushy tailed. >> i haven't seen you for two weeks. two long weeks. >> time flies. >> welcome back, my friend welcome back happy new year. >> it is good to have everybody back and we're going to start this morning with the markets you saw yesterday some chaotic things happening there was an average rebound

welcome to "squawk box" right here on cnbc i'm becky quick along with andrew ross sorkin joe is off todayting, it was a down week for the markets last week. in fact, it was a pretty rough way all the way across the board. but week-to-date it was the nasdaq that was the biggest decliner, it was down by 4.5%. this morning the nasdaq indicated down once again, by about 35 points. s&p down by about 2.5 and the dow indicated up by 12 points right now. but we've seen markets flat this morning. we had the confusing jobs number on friday, where you had job

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin will look right how at the u.s. equity picture. dow is down by 100 points. that doesn't seem like much compared to the week s&p is down 8. nasdaq up by 40 points if you look at the week, it has been a heck of a week. you know this if you have been watching you will see for the week the dow was down the s&p was down 1.6%. nasdaq off 3%. fo

. >>> guys, i think we have breaking news regarding softbank after that, we'll turn to andrew ross sorkin. >> marsella claure runs, an argument text for what we have seen softbank. it's our understanding that that is happening today there have been negotiations for several months marcelo was the ceo of sprint, merged that into t-mobile. our understanding is he will remain a board member at t-mobile and univision he was also behind the wework transaction, softbank getting into that transaction, and then effectively saving it. there is now questions of the longtime value of wework, but a giant in the world of softbank and what was going on in the valley our understanding is he intends to start a new fund, perhaps on his own. we will see, but that is the news >> andrew, he was also very involved in the latin-american fund, looking at companies there. it also raises questions about the succession marcelo claure was potentially seen as one who might be there, and the narrative around that was mats yoshi-san wasn't going anywhere do you think that has something to do with it? >> i have not gott

welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin the dow endedh dow down by 66 points but that was well off the low. if you were watching this yesterday, wow, something to behold the dows with down as much as 118 points and up by as much as 226 points during the session, so a lot of action throughout the day. the s&p and nasdaq also closed off in the lows. they were down by 1.2% and 2.25% respect actively again, something to watch throughout the session this morning things are looking pretty good if you're a bull u.s. futures up by 350, nasdaq up by 29

that and bring in co-anchor of cnbc's squawk box and founder of "new york times" deal book andrew ross sorkin. andrew, people are going to freak out over this 7% number, but should they? because we have a really strong economy. >> look, we have a really strong economy, but the truth is -- i would never encourage anybody to freak out. i think this is challenging. i think it's troubling. i think anybody who's gone to the pump, who's gone to the supermarket, who's tried to buy a car in particular, whether used or new, knows that there is a problem, and clearly we have seen wage inflation, which you would think is a good thing, but not really relative to what's actually happening, which is the costs have gone up completely outpaced that. we have an issue here. it probably is going to get worse before it gets better, and so much of this remains a supply issue, not just, you know, chip shortages and all of those conversations we've been having, but actually a people shortage. we talked a lot about the great resignation. that is an issue that is creating a lot of these inflationary forces on costs.

andrew ross sorkin will have more on "squawk box. >>> and kohl's is coming under pressure to take actionl sale "the washington journal" says the advisers have a roughly 5% stake in the retailer, urging kohl's to add more board members with retailers kohl's shares are down about 20% since it settled a previous proxy fight last april brian, back to you >> silvana, i don't know about you. when i fly, i don't want the words catastrophe or catastrophic anywhere near my airplane. >> that is terrifying to hear. >> talking about cell phones disrupting flights, and yet somehow there's a debate about this no thanks. turn the phone off so we can land. >> yes it's no that hard. >> thank you no, it's not that hard you know what is hard, a lot of commodities. let's talk more now about commodities and inflation. we know that you know the price of oil and gas have gone up in the past year, oil up 60% and higher right now but did you know that it is not just the liquids, in fact, nearly every type of commodity that we follow is up in price. look at the one-year moves lumber has basically doubled morning

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin.ook at the markets because yesterday was a pretty important day, tech stocks reversed three days of gains dragging the nasdaq down by 2.5%, significant declines there. the s&p was also down, down by 1.4% and the do

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and joe kernen, whojust back from the home of the new national champions. that's right, congratulations to the georgia dogs welcome back, joe. good to see you. >> one more day. >> i couldn't believe you came back the day before that happened poor planning on your part. >> anyone notice that hershel is now back in the spotlight. it's all weird, isn't it. >> the last time they won, was it 42 years ago, 1980. >> you're asking me because you think i was -- no. yes, it was, it was 1980 i think it was -- i had been at merle lynch for 80 years no 1980 is when i graduated from grad school. how's andrew doing in what's going on sorkin, i

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin and mike san tolli dow and s&p 500 marked record highs on the first day of the trading year for 2022. the dow was up by 246 points and the s&p was up by .6%. it was the nasdaq, though, that was the relative outperformer. it was up by 1.2% thanks to a positive session from meta platforms, amazon and alphabet all of the stocks moving higher. and the nasdaq the outperformer for the first trading day of the year it was the treasur

morning, everybody welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkins were up just a little bit. but we'll take it given what we've seen so far this year. the dow was up about .1% the s&p and nasdaq each up by about .25% dow futures indicated up by 25 points, s&p up by 3.5, and the nasdaq indicated up by about 12 points

welcome to "squawk box" right here on cnbc i'm becky quick, along with joe kernen and andrew ross sorkinear this has been down day for the markets across the board yesterday with the do you off by 1%, the s&p off by 1%, and the nasdaq down by 1.1%. at this point the declines are really starting to add up. you can see green arrows this morning, but if you've been watching the nasdaq composite or the nasdaq 100 for this year, wow, big losses. you are talking about the nasdaq down by 11.5% from the high it hit on november 22nd nasdaq

welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin, and mike santoli.d guys, we finally made it friday is here tgif this has been the longest first week of the year that i

welcome to "squawk box" right here on cnbc i'm becky quick along with andrew ross sorkin, and mike santoli joe is off today but we want to wish him a happy

i'm joe kernon along with becky quick and andrew ross sorkin andrew is in washington with a capital extensionhan. at this point they're up almost triple digits. they did at one point cross over we are up over 100 points at one time, even though bond yields continue to trend higher we did see a 1.9 on the ten year even over in germany, we actually had a positive yield on a ten-year boone the first in almost three years. the first time you could actually get some interests on a bond, actually coming back to you instead of the other way around, which is unbelievable. but, who knows maybe we had the 2%. we're pretending we will have the 2% i did hear, you know, this guy, tougher waiting to hear from him. what can he say now? i did hear from him last night, guys he said, what did he say i think he just wants me to stroke him or something. he said, did i mention that we are over 1.7%? and then he sent a year something from last march when he said it's going to be stable. it was at 1.7, remember? >> yes. >> he said it will be stable a period of months and the result. he was bullish so now he said, d

i'm becky quick along with andrew ross sorkin and mike santoli, joe is off today.rning, gentlemen. great to see you both. >> happy, happy new year for the first real time we can say that in the new year. >> right for the first trading day of the new year at least >>> we start with a recap of the markets from 2021 after the major indices turned in the third positive year in a row these were not minor advances the dow was up b

in her first on-camera interview, lina khan will join andrew ross sorkin and kara swisher of "the newk times" "sway" podcast for a consideration on big tech, big business and the ftc's approach to the current wave of deals that's 10:00 a.m. eastern to catch that and we will bring you the headlines and highlights here on cnbc >>> coming up, the case for netflix. the stock down 15% already this year and earnings are due out thursday why one analyst says you should buy ahead of the report. >>> plus, the story, the action and the trade on three big reports tomorrow from bank of america, morgan stanley and pg&e all of the stocks in the red today. will they continue to suffer the same thing as goldman and jpm? we are back in a moment. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund

eastern with our andrew ross sorkin and kara swisher of the new york times.ge >>> and we'll be playing and debating a lot of that tomorrow right here on "techcheck." we're back after this. this is the new world of work. each day looks different than the last. but whatever work becomes, the servicenow platform will make it just, flow. whether it's finding new ways to help you serve your customers, orchestrating a safe return to the office... wait. an office? what's an office? ...or solving a workplace challenge that's yet to come. wherever the new world of work takes your business, the world works with servicenow. don't like surprises? [ watch vibrates ] proactive notifications from fidelity keep you tuned in all day long. so when something happens that could affect your portfolio, you can act quickly. that's decision tech, only from fidelity. age before beauty? why not both? visibly diminish wrinkled skin in... crepe corrector lotion... only from gold bond. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you spons

dig deeper and bring in benecol lins, senior reporter covering disinformation for nbc news, andrew ross sorkinotify is saying that care about the spread of disinformation, why? because it impacted their stock price? nothing changed from three weeks ago. they didn't care about it then. >> look, i don't know if it was the stock price unto itself. i think the real issue was there were other artist and potentially a mounting number of them who were willing to take their material off the platform. they had not reached a point where the drakes of the world or taylor swifts or adeles of the world were doing that, but had they, had this moment reached a new level of peak, if you will, their hand would be forced. i think they're trying to get ahead of it. you could argue they're still behind it. i think what this raises is a question about both are these platforms platforms? are they broadcasters? they're spending $ 100 million on joe row ban. they are paying him. do subscribers leave? do the artists leave? do advertisers, a huge component of the revenue model for the podcasts on spotify in particular,

i'm joe kernen along with becky quick and andrew ross sorkin u.s.ifferent. actually last week they kept trying to rally around and t turned around in the end of the session. you can see triple-digit losses right now. the dow, nasdaq took it on the chin last week, another 60 points fed yields, that's not been the issue. sometimes you see that you see the market react to higher yields and then when the stockmarket goes down, that causes the rise in yields to moderate a little bit, and we've seen it come back. we were at 1.9%. now 1.7% cryptocurrencies have really taken it -- how can you say it -- there's so many things you can't say anymore. >> on the chin >> yeah. they're down maybe not up 33, 2 now. bitcoin just today down another five. >> when i talk about 45% decline, that was based on friday's numbers. >> well over 50. 50%. it's happened before, and the bitcoin will point that out. nothing to sear here. >> the interesting thing is the amount of money that's been lost and vaporized. it's much bigger just based on friday's numbers without adding th

it keeps going i'm becky quick along with andrew ross sorkin and joe santoli.e same mood in the last couple days modest declines, the dow futures set a new record yet again yesterday. the s&p was down yesterday and this morning 5.5 points. the nasdaq, a big point nasdaq down 1.3%. we did see technology down across the board with nasdaq, this morning indicated down 58 points a large part was what we were seeing in treasury yields, tech stocks under pressure. it's a trade, ten-area note at this point is yielding 1.653%. andrew >> okay. thanks, becky. meantime, some of the stories investors will be talking about today, boeing close to a deal to sell 50 737 max jets to allegiant air. it's worth $5 billion at list prices >>> shares of beyond meat are surging partly because kfc plans to roll out the substitute for a limited time starting monday, making a play for people at the beginning of the year who want to eat more plant-based protein. and charlie monger's daily journal nearly doubled its stake in ali baba. it's worth now $72 m an interesting move by charlie mung

box" begins right now >> good morning, well come back to "squawk box" right here on cnbc, i'm andrew ross sorkinand andrew kernon. the nasdaq is opening about 17 points higher. the s&p 500 is up about 3 point. a couple things making headlines this hour, we are a little less than inflation data the december consumer price index will be coming out, headline cpi rose the number to beat excluding food and energy, the forecast calming for a rise of half a percent. meta platforms naming doordash ceo tony xu, the first addition to the board in nearly two years. it helped blunt criticism that they lack unless delta airlines is in a legal dispute with flight attendants about the sick leave policy. sarah nelson told workers to come in after five days if their symptoms had lessened, even if they were still testing positive the airline disputes that sent that union a cease and desist letter delta not union eased. there are ways to turn only of these airlines that become eunize becky. >> thanks, andrew. let's get a look at the pre market with dom chu. what are you seeing? >> we are watching that play close o

right here on cnbc i'm andrew ross sorkin along with becky quick and joe concerning u.s.u, it has been a brutal week, where things stand, the dow off 24 points, nasdaq down 92 points, s&p 500 off close to 15 points the nasdaq down at least 10% year-to-date the u.s. markets promised to sell off in the u.s. yesterday i will show you treasury yields as well and show you where cryptocurrencies land. we are seeing sell-offs. 10-year know 1.794 bitcoin is at about the 38,000 range, a little higher, almost 39,000, off 8 or close to 9% so, there is -- i don't know if we say blood in the streets yet. we're in correct territory across the board here's some of the other headlines making news, impacting all this, one is netflix shares, they have been plunging, they expected better than expected earnings, focusing on a disappointed subscribing growth they said they were going to add 2.5 million, analysts had been expecting 7 million new subscribers. bitcoin taking a beating it has fallen below the $40,000 level touching the lowest since august other cryptocurrencies taking a hit. sola

morning, everybody welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and yesterday the markets were up just a little bit. but we'll take it given what we've seen so far this year. the dow was up about .1% the s&p and nasdaq each up by about .25% dow futures indicated up by 25 points, s&p up by 3.5, and the nasdaq indicated up by about 12 points yesterday treasury yields were higher if you check things out this morning, right now the ten year looks like it's yielding 1.748%. of course, we get more fed speak today and that could move both of these markets as well let's look at the squawk stack this morning, too. dollar was a little bit weaker yesterday. on pace for its worst day since may. this morning indicated down by about .1%. this morning financials closed up too looking at the dow transports because it's been weird with the dow transports trying to figure out what comes next, they're still about 12% from record highs and a mixture of things have been happening there. part of the problem may be wti which continues to climb higher right now down by

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. and we want to take a look at the markets because yesterday was a pretty important day, tech stocks reversed three days of gains dragging the nasdaq down by 2.5%, significant declines there. the s&p was also down, down by 1.4% and the dow was down by 176 points after rising by more than 200 points early in the session. a part of what was happening here was hearing the tough talk also coming from lael brainard, the nominee for vice chair at the fed when it comes to inflation. she's been messaging this and that united front that all of these fed officials are projecting at this point because it wasn't just the two of them, it was also harker who came out, patrick harker, and said he sees three to four rate hikes in had 2022, you had daily coming out and saying a march hike is reasonable, and charlie saying three hikes are reasonable this year so all of that saying to the mark maybe they are serious about starting this and starting it quickly you will see green arrows, dow futures indica

i'm becky quick along with andrew ross sorkin and mike santoli, joe is off today. good morning, gentlemen. great to see you both. >> happy, happy new year for the first real time we can say that in the new year. >> right for the first trading day of the new year at least >>> we start with a recap of the markets from 2021 after the major indices turned in the third positive year in a row these were not minor advances the dow was up by 18.7%. the s&p 500 was up by almost 27% and the nasdaq was up by 21.4% you had the russell 2000 that underperformed the broader markets but still finished higher by 13.7%. and the dow transports were the outperformer up by 31.75%. the best year for the dow transports since 2013. you should check out crude oil prices up last year by 55% and up this morning 1% we should point out that opec is meeting today and tomorrow tomorrow is the big day when they'll be deciding what they'll do in terms of supply. we'll have more on that later this morning while there were green arrows just about everywhere across the board you saw gold decline last

andrew ross sorkin, always great to see you. >> so good to see you. i miss you. >> yeah.n say that. >> absolutely. let's hear it. >> right here on "morning joe." >> thank you. >> love it. >> i need that for our promos. okay. thank you, andrew ross sorkin. >>> there are new developments involving donald trump and his inner circle on two fronts. first in washington, the january 6th select committee issues subpoenas for former trump attorneys rudy giuliani, sidney powell, jenna ellis, and boris epshteyn. according to the letter sent to the attorneys, the committee seeks documents and testimony on their claims of election fraud and attempts to delay certification of the election results. meanwhile, the new york state attorney general's office filed a motion seeking a court order to compel donald trump and two of his children to comply with a civil investigation into the financial dealings of the former president's company. in a series of tweets posted late last night, attorney general letitia james wrote, no one in this country can pick and choose if and how the law applies t

welcome to "squawk box" right here on cnbc i'm becky quick along with andrew ross sorkin joe is off today andrew was just e markets last week. in fact, it was a pretty rough way all the way across the board. but week-to-date it was the nasdaq that was the biggest decliner, it was down by 4.5%. this morning the nasdaq indicated down once again, by about 35 points. s&p down by about 2.5 and the dow indicated up by 12 points right now. but we've seen markets flat this morning. we had the confusing jobs number on friday, where you had jobs created far less than anticipated, but the unemployment rate falling down to 3.9%. a lot of questions about which one of the surveys to believe on that you can see treasuries are picking up in the yield. ten year yielding 1.774% the two-year is at 0.87% right now. as people speculate when the fed will raise rates and the betting was it will be sooner rather than later financials, as the fed is considering raising rates financials have been doing very well looking at technology there, down by about 1% they suffered greatly but financials closed at a record l

good morning welcome to ""squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. you complain and get bacon >> i picked a bad day to start that diet. it's like from "airplane." >> bad day to give up sniffing glue >> atkins, joe think of it like atkins. >> that will work for me i can eat as much as i want. you have an atkins doughnut diet, sorkin >> i want to say to keep myself honest i stayed off the sugar and carbs for the month of january so far. i'm a week away from success. >> someone needs a delivery of doughnuts. i'll get that on grubhub >> other people give up alcohol during january you give up doughnuts. who you are? homer? >>> powell spoke yesterday and the markets quaked if you watched, things looked good early in the session. nasdaq up 3.5% yesterday until jay powell started talking and explaining just how aggressive they plan on being did not give too many specifics. he did not take anything off the table. >> it closed up. >> it did. after dropping 3.5% from earlier in the session if you watched it, it happened with the dbig tech stocks. microsoft was

i'm becky quick with joe kernen and andrew ross sorkin did you survive yesterday? dow futures down 195 points. nasdaq off by 220 points if you lyou look at this on the percentage basis, dow down .60%. nasdaq down by 1.5%. this comes after yesterday's dramatic reversal. the dow at one point down 1,100 points during the session. that is before it closed 99 points higher. huge swing here. the s&p briefly hit a correction territory during the session down by 10% from the january 3rd record close that was before it closed higher as well. then if you are watching the nasdaq, the turn around was more dramatic nasdaq down 4.9% during the day. it turned around and closed higher you have not seen a move like that in one day since all the way back to november of 2008 at the heart of the financial crisis by the way, bitcoin followed the technology stocks during all of this bitcoin during the day fell down below 33,000 32,982 that was the lowest level from july during the course of the session, it was up 5.6%. got back to 37,183 it is up slightly. treasury yields. people not wa

. >>> good morning welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin tgif we will look right how at the u.s. equity picture. dow is down by 100 points. that doesn't seem like much compared to the week s&p is down 8. nasdaq up by 40 points if you look at the week, it has been a heck of a week. you know this if you have been watching you will see for the week the dow was down the s&p was down 1.6%. nasdaq off 3%. for nasdaq, you can add the number of weeks we have been seeing this. the dow is down 7.5% from the all-time high. s&p down 10.2% it is in correction territory. nasdaq is off 17.6%. you are talking close to bear market territory we dipped into that during the trading session and came back out of it. 17.6%. we will see how things close treasury yields. 10-year is yielding 1.8376%. that spread between the two-year and ten-year is tightening that is a source of concern. >> that s it is. joe said shares of apple surging. beat estimates of $1.89. here is the breakdown category by category. iphone up 9% services revenue up 24%. other products revenue

welcome to "squawk box" right here on cnbc i'm becky quick, along with joe kernen and andrew ross sorkin. and boy, what a start to the year this has been down day for the markets across the board yesterday with the do you off by 1%, the s&p off by 1%, and the nasdaq down by 1.1%. at this point the declines are really starting to add up. you can see green arrows this morning, but if you've been watching the nasdaq composite or the nasdaq 100 for this year, wow, big losses. you are talking about the nasdaq down by 11.5% from the high it hit on november 22nd nasdaq 100 is down by 10.25% that means both of the indices are in correction territory, down at least 10% from their highs they hit back in november, late november at that. so you have seen some incredible pressure across the board if you were looking at the faang names, those big stocks, all of the faang names except apple are in correction territory apple is down 9% microsoft off by 10% amazon 17% google is off 6% for the month and meta is down by about 5% for m month-to-date. netflix is down sharply down by about 27% from its highs

welcome to "squawk box" here on cnbc i'm becky quick with joe kernen and andrew ross sorkin the dow ended with dow down by 66 points but that was well off the low. if you were watching this yesterday, wow, something to behold the dows with down as much as 118 points and up by as much as 226 points during the session, so a lot of action throughout the day. the s&p and nasdaq also closed off in the lows. they were down by 1.2% and 2.25% respect actively again, something to watch throughout the session this morning things are looking pretty good if you're a bull u.s. futures up by 350, nasdaq up by 291. anything can happy >>> in the meantime the treasury market looks like the ten-year is up. the two-year as well again, that fed meeting is going to be a biggy today, andrew. >> it will it will. as was this piece of news last night, which might provide a bit of a firewall to the market. we will see. which is microsoft earnings and shares higher. the company reported earnings of 2 $.48 per share the current quarter estimate guidance came in higher than expected as well the demand remains strong