i'm rebecca quick along with joe kernen and andrew ross sorkin. let's take a look at what is happening with the u.s. equities last week was not a great one for the markets. s&p was down by 1.6% the nasdaq off 3.3%. you are still talking about great gains we have seen for the first month of the year. if you look this morning, there are red arrows dow futures down 244 points. the nasdaq indicated off 135 the s&p indicated down by 37 points this comes as you are looking at higher treasury yields as well all of this happening after that much stronger than anticipated jobs picture friday. good news on the jobs front, but the fed may hang in longer and raise rates higher than anticipated. the 10-year treasury is yielding 3.6% we had been under 3.5% the last week the 2-year treasury is 4.39%. >>> and dell is slashing nearly 5% of the work force amid the decline in pc sales. the sales fell 37% in the fourth quarter last year compared to a year ago so much was pulled forward for the pandemic >> more earnings this week it is a light week for data. we get th

i'm andrew ross sorkin along with joe kernen. becky is off today we have a lot to talk about. the s&p managed to snap a four-day session losing streak the markets are waiting for the january price index. it will be released at 8:30 a.m. today. that reading is on inflation and followed closely by the fed. we will follow it closely as well look at treasury yields and where they stand you are looking at the 10-year treasury at 3.9. things are coming down we will get more fed speak at 8:00 a.m. with cleveland fed president loretta mester that is an important conversation >> she is the one. she is starting to look smart for we don't know how long until the economy says no. probably 50 is not necessary i'm waiting for it it's going to bite >> yeah. >> eventually the increases will have an effect >> they have already we don't know. >> that's our problem with information that looks back a quarter with companies looking back a month with government releases and things. things can change quickly. >>> today is the first anniversary of russi

welcome to "squawk box" here on cnbc live from the market site at times square along with andrew ross sorkinn i'm becky quic

i'm rebecca quick along with joe kernen and andrew ross sorkin. everybody get your jacket ready. t it's only been 27 years. we'll change it. come on, andrew. >> it actually, the jacket should be reserved for special

i'm andrew ross sorkin with joe kernen we have melissa lee with us.cky is off u.s. equities at this hour you remember yesterday, we started one way and ended in a different way. dow is opening up 90 points higher nasdaq up 100 poin

. ♪ >>> good morning and welcome to bks right here on cnbc i'm andrew ross sorkin along with kelly evanssantoli. joe and becky are off. it's nice to see everybody i haven't seen you in a very, long time. >> it is early. >> it's early. 6:01 in the morning. we've got a lot to do. about 3 1/2 hours before the market opens let's see where the futures stand as we await. what is the fed going to do? that is really the question. the dow looks like we opened about 147 points nasdaq off about 41 points s&p 500 off by 17 points the s&p 500 rose by 6 opinion 2% and the nasdaq rose by 10.7% but meantime take a look at treasury

i'm becky quick along with joe kernen and andrew ross sorkin.want to take a look at roy's happening right now, you'll see there are some modest declines dows futures down by 40 points,

i'm rebecca quick along with joe kernen andrew ross sorkin is in times square >> good morning, good morning is very early for you. >> it is we're still on east coast time >> 3:00 a.m. exactly. >> speak for yourself. >> i'm still on east

welcome to "squawk box" here on cnbc we are live at the nasdaq market site in times square i'm andrew ross sorkinrnen. becky is off today we have a lot to talk about. the s&p managed to snap a four-day session losin

i'm rebecca quick along with joe kernen and andrew ross sorkin. let's look at what is happening with equities as joe mentioned we have seen green arrows this morning. modest advances. right now, the dow is indicated up over 50 points. s&p futures up 5 the nasdaq up 14 it is the last day of february let's look at the major averages for the month of february. the dow is down p3.5% nasdaq down 1% s&p is down 2% that means the dow is in negative territory s&p is still up by 3.7% for the first two months of the year nasdaq up 9.5% year to date. if you look at treasury yields, this is the interesting move especially over the last week or two as it becomes more evident that the fed has to keep rates higher for longer. the 10-year treasury is 3.96 to 2-year treasury at 4.8 the dollar with the strongest week of the year last week is due to inflation numbers that were stronger than expected in europe both in france and spain the expectation is the euro will have to raise rates aggressively you see the reversal for the do dollar. >>> let's talk about shares

i'm rebecca quick along with joe kernen and andrew ross sorkin. let's take a look at what is happening with the u.s. equity futures at this hour right now, you will see green arrows dow indicated up 285 points. s&p futures up 40. nasdaq up 178. this does come after some losses for the major indices yesterday. dow down 2208 points the s&p was down 1.1%. nasdaq down 1.7% you are talking at this point about down three of four sessions for the major averages. if you are looking at treasury yields, we are continuing to see the higher yields. 10-year treasury is below 3.6% well above 3.5%. that had been the line we were under before the stronger than expected jobs reports on friday. 2-year treasury is 4.41%. >>> let's talk about it. disney shares are higher this morning. let's show you exactly where they stand you are looking at them up 7% this morning the company is planning to reorganize into three divisions. entertainment, which includes streaming and media. then espn and then parks and experiences and products unit. here is ceo bob iger talking abou

live at the nasdaq market site in times square i'm rebecca quick along with joe kernen and andrew ross sorkin. it is friday what a week it has been. let's see where things stand for the u.s. equities. you check out red arrows across the board. modest declines. we have seen improvement in the last hour. dow figutures off 62. nasdaq down 104. this comes after stocks were down in yesterday's session. in fact, the dow lost 250 nasdaq down 1% you are now talking, i believe, about four of five days for declines for the market. treasury yields are taking a look at the 10-year treasury at 3.69%. yields are picking up. 2-year treasury above 4.511%. >>> breaking overnight japan yen whip sawed against the dollar kazuo ueda will be appointed as the next governor of bank of japan. ueda would replace the current governor kuroda who has held that role since 2013 ueda had been not considered a leading candidate, but the current deputy governor was approached for the job and turned it down ueda said no decision has been made, but made dovish comments when asked how he would conduct monetary policy. he is seen

i'm rebecca quick along with joe kernen andrew ross sorkin is in times square >> good morning, good morning. it is very early for you. >> it is we're still on east coast time >> 3:00 a.m. exactly. >> speak for yourself. >> i'm still on east coast time. >> i'm on davos time >> we had travel lately. we have a big lineup including the ceos of at&t and waste management and chevron and delta airlines we will get the state of the economy and where things stand and as we get through earnings season and what they see happening in the year ahead. what they see what is going on with their businesses. a lot to talk about with our guests today we will pull them off before they get back on the greens today. it is early here for them as well we want to look at the markets today. there is activity and things you want to check out. yesterday, the nasdaq was doing very well. you had big gains that came in this morning, not so much. you see a decline of 200 points in the nasdaq futures right now. dow futures are down 100 s&p is down 33 a lot of the pressure coming from, as joe mentioned, tech earnings after

i'm becky quick along with joe kernen and andrew ross sorkin.f you want to take a look at roy's happening right now, you'll see there are some modest declines dows futures down by 40 points, nasdaq down by 15. you saw the market go down after hearing some of jay powell's comments that's the idea, that inflation, if it does stay like this, you're going to continue to see more rate hikes, more work to do than anticipated by the end of the session, all the averages were highering you saw the s&p up by 1.3% the nasdaq, a gain of 1.9% that's just on the idea he didn't double down and get more hawkish as he had sounded last week you'll see the treasury yields is yielding at 3.65% still well above 3.6%. >>> meanwhile let's talk about last night's state of the union address, president biden laying out his vision for moving the economic agenda forward, an an opportunity to call out profits for oil companies and corporate buybacks >> have you noticed big oil just reported its record profits. last year it made 200 billion dollars in the midst of a global e

welcome to "squawk box" here on cnbc live from the market site at times square along with andrew ross sorkin and joe kernen i'm becky quick. the nasdaq is down by 50 points, the s&p off by 12 points and the s dow jones off by 69 points the 2 year is above 2.6% just barely. >>> meantime we've got elon musk news to start the show off this morning. he says he might be able to appoint a replacement for him for twitter. he made the comment in dubai at a summit overnight he thought they mute be in it. he wanted to have a roadmap clearly laid out they'll be opening to others for the first time you might remember at one point elon musk said he was going to do that and then it seemed like he wouldn't. the white house saying that tesla plans to open at least 3, 500 new and exist ing ones >> that's the only way you're going to have a viable alternative. it's got to be at a gas station where it doesn't matter what gas station you blow into. >> yeah. the next biggest question is not only does it work, but does it work in the same way if you have a tesla now, it charges you, does everything magically. you

andrew ross sorkin and stephanie ruhle will join us.rth hour of "morning joe." 6:00 a.m. on the west coast, 9:00 a.m. on the east coast. willie, are you awake? >>ish, yeah. >> six more weeks of winter, willie. you and i learned that when a groundhog sees its shadow, that means six more weeks. we also have gone through the sordid history of new york city mayors and groundhogs. >> and they hurt the groundhogs. >> it's been a strained relationship, to put it mildly. mayor bloomberg had some trouble with one and tragically mayor de blasio had a problem. >> it died three days later. also elise and i want to talk about the monkeys. >> the dallas zoo monkeys. >> the dallas zoo. the monkeys in the closet. >> they found them yesterday, it was great. >> in a closet. >> weren't there some louisiana monkeys too? >> yes. >> what's happening here? >> i don't know. that's why i really want to cover it. >> is this a plot out of fight club 2? where is this leading? i don't know, willie. >> monkey brawls. >> there were cameras all over zoos and then monk

i'm rebecca quick along with joe kernen and andrew ross sorkin. live from wall street and washgt

welcome to "squawk box" here on cnbc we are live at the nasdaq market site in times square i'm andrew ross sorkinoday we have some red on the screen 216 points on the dow. it will be opening lower nasdaq opening lower 125 points down s&p off 33 points. >>> treasury yields. flip the board

i'm rebecca quick along with joe kernen and andrew ross sorkin.ing with the u.s. equities last week was not a great one for the markets. s&p was down by 1.6% the nasdaq off 3.3%. you are still talking about great gains we have seen for the first month of the year. if you look this morning, there are red arrows dow futures down 244 points. the nasdaq indicated off 135 the s&p indicated down by 37 points this comes as you are looking at higher treasury yields as well all of this happening after that much stronger than anticipated jobs picture friday. good new

i'm rebecca quick along with joe kernen and andrew ross sorkin.ning with equities as joe mentioned we have seen green arrows this morning. modest advances. right now, the dow is indicated up over 50 points. s&p futures up 5 the nasdaq up 14 it is the last day of february let's look at the major averages for the month of february. the dow is d

live at the nasdaq market site in times square i'm rebecca quick along with joe kernen and andrew ross sorkin

i'm rebecca quick along with joe kernen and andrew ross sorkin.ers. >> you know -- >> exactly three quarters. >> more people call in to work sick today than any day of the

we're live at the nasdaq market site with joe kernen, i'm andrew ross sorkin.sident james bullard as to what the fed may or may not do next. and then former vice president mike pence will be on set. we'll have a conversation with him at 8:00 a.m. eastern time. so much to talk to him about as the election gets underway, what, two years in advance. >> it's a great piece. i want you to look at this because we're going to talk at length about it. it's about our overall debt. it's everybody's fault it's everybody's fault but it's how the u.s. can prevent a debt spiral. it's in the journalist, but the numbers are staggering we're at 120% debt to gdp, only the second time it's been on that, and based on how much the interest rates will grow, it will be half our gdp even larry summers says it will probably cut gdp growth permanently over the next ten years by almost 7% we're going to talk about a lot of things. bullard, i can't wait for it yesterday was brutal, the worst day of the year. home depot ended down 20 points. walmart ended up trading higher, believe it or no

its businesses earlier on "squawk box" krae david solomon addressed some of the concerns with andrew ross sorkin. >> i think it's absolutely fair that our execution around the consumer platforms hasn't been to the standard we would like it to be. we tried to do too much too quickly and our execution and some areas of this wasn't good and so what do you do? you correct that so, you know, that's what businesses do. there isn't a business that kind of goes through and doesn't have successes, but also some stumbles. >> and will those stumbles cause mr. solomon his job? let's get insight on goldman's future with paul, professor of communications at dartmouth school of business and a consultant in the late '90s. good to have you with us. >> thanks. great to be back with you guys. >> were you convinced this morning listening to the interview with mr. solomon, both that he has the right strategy to get goldman clicking and he's right guy to do it >> i don't feel confident on either front based on today. i mean it's really -- you have to prove it with action over time, and one interview isn't going to ch

suppose they lived up to the hype >> i thought it was a really great report, and i enjoyed andrew ross sorkin's interview this morning i think the big takeaway here is be very careful about creating buckets and categories and just randomly throwing stocks into them and treating them as though they have some sort of correlation to other stocks. what uber did essentially during the pandemic was substitute the loss in the rides business with the eats business and the delivery business. and now coming out of the pandemic they have both firing on all cylinders this was their best quarter ever uber spent two years being lumped in with the, quote, work from home stocks, or state at home stocks or pandemic plays or whatever and it is absolutely not that. they have two very large fast-growing businesses. they have 131 million users on the platform and this is not users like twitter users. this is users who literally pay them in actual dollars not in eyeballs and that is a very large platform and it's nice to see wall street starting to wake up to the potential of this platform today >> stocks up a lot,

. >> david solomon live from the second ever investment day in a conversation with andrew ross sorkinmore than 2%, the worst day in more than a month he did say and repeated we tried to do too much too quickly although a lot of their targets on efficiency ratios remain unchanged. >> talked about asset management and strategic options for the consumer business. it's a down day overall but the stock is down almost 3%. another story wall street is buzzing about today, salesforce facing yet another activist investor this is number six. strive capital management sending a letter to marc benioff. the co-founder reportedly writing we seek to deliver a simple message, stop using your business as a platform for social change and focus on serving your customers alone this is strive it's a pile on it's not going after salesforce's actual margins and everything else. benioff likes to use business as a platform for positive change this is just a cheap shot. >> we'll see what we can tomorrow to wapner and "the half. >>> carl, thank you very much. welcome to "the halftime report." i'm scott wapner t

andrew ross sorkin will join us in a moment with the latest. >>> and what do men under 30, connecticut down with donny deutsch. do you remember barney? >> did you not like barney? >> no, i did not like barney. >> did you let your kids watch barney? >> no. it drove me crazy. does that song not drive you crazy? >> you know i have it on a loop. that's how i go to bed at night. >> lemire, do you even know the barney song? >> i'm not going to sing it, but yes. my kids missed the barney window. mike barnicle, though, dresses in purple most days in tribute. >> monday, wednesday, friday. >> i found it triggering not just the song, but the whatever it is. is he a dinosaur? awful. just awful. >> okay. we get it. >> just terrible. our kids are cute, but they don't need to be tortured with that terrible purple monstrosity. >> okay. so lemire, what do your kids watch? i have 87 kids. i've been through everything. there are a couple of constants through time. like, all my boys love "star wars." >> we're talking little, little kids, joe. >> i know. >> remember the wiggles? >> yeah. we had the wiggles

andrew ross sorkin will join us to break down the business of the super bowl. >>> we'll also have the rise. one american special forces veteran is assisting ukrainian fighters. >>> and the death toll from the powerful earthquakes in turkey and syria has now passed an unbelievable 35,000. we'll bring you the latest details on the rescue efforts still under way. >>> we begin this hour with the growing questions surrounding the white house's decision to shoot down three more unidentified flying objects over the weekend less than a week after the u.s. military brought down a suspected chinese spy balloon off the coast of south carolina. the skies were active again. on friday, president joe biden ordered the military to shoot down an object flying near the northern coast of alaska at around 40,000 feet. the object was roughly the size of a small car and was flying low enough that it posed a threat to civilian flights. on saturday at the request of canadian prime minister justin trudeau u.s. fighter jets shot down another object, which was small and cylindrical, flying over the country's yu

i'm rebecca quick along with joe kernen and andrew ross sorkin. everybody get your jacket ready. i have the jacket today. you are jealous. >> it changes the dynamic. you are not doing it it's only been 27 years. we'll change it. come on, andrew. >> it actually, the jacket should be reserved for special occasions. it does look good. you both do it you are out in washington or other places, you wear a jacket. >> for you, it changes you i think it changes me for the worse. >> to have a jacket? >> yeah. >> to go without a jacket. >> yeah. >> it looks wise. >> just to make you feel better, i won't wear one tomorrow. >> thanks. >>> let's look at the u.s. equities we are looking at green arrows there is significant ground to make up from last week the worst week for equities for the year last week dow off 3% s&p down 2.7%. 3.3% for the week on the nasdaq. the numbers indicate the fed has more work to do. that is why treasury yields are where they are right now the spread got wider with the 2 and 10 north of 85 basis points 3.95% for the 10-year treasury the 2-year treasury is up at 4.38

welcome to "squawk box" here on cnbc we are live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen. becky is off today we have some red on the screen 216 points on the dow. it will be opening lower nasdaq opening lower 125 points down s&p off 33 points. >>> treasury yields. flip the board 3.879. some tuesday morning thoughts as we kickoff the week? >> they caught up to where people say they should be. taking you back to tepper. he said they are telling us what they are doing they never had a bottom. you know what central bankers will do. we will have mike wilson on. he is bearish. we will have him on. he thinks stocks got way too -- still the old picture of him he thinks stocks got far ahead of themselves in valuation it went from october which went from what was fairly valued given the terrible 2022 which has turned into something which was a good january and now we're in territory where i think he is talking about new lows again rates continue to go up. earnings continue to come down multiples contract at 3,200 which the gentleman from piper talked about, i

i'm andrew ross sorkin with joe kernen we have melissa lee with us. we have a lot going on becky is off u.s. equities at this hour you remember yesterday, we started one way and ended in a different way. dow is opening up 90 points higher nasdaq up 100 points s&p looking to open 18 points higher treasury yields. you are looking at the 10-year treasury at 3.45%. 2-year treasury at 4.7%. that's starting to -- you were talking about tax-free munis >> look, if you have money, put it in bitcoin. melissa is here. >> t-bill. >> what will you do with 4%? >> i'll sleep he well at night. >> i think you sleep okay. >> how much is the stock market going up this year what is your guess 10%? >> last year how about yesterday? it was up 100 points midday. it sickeningly went back down. we have katie stockton on today. we have you on you talked to traders every night. all day long we get to retest the lows? >> they think retest in october. they think we may go lower. >> we had one from piper and mike wilson came on. worst case, it is a tough recession. he says 3,000 i

squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen with andrew ross sorkin he's bringing us a very special interview with the president, james bullard, president of st. louis, a vice president later. you all -- we were headlining you first. >> well -- >> rightly so. rightly so we'll speak to him in a second the dow is below the dow is down for the year that's a staggering fact because january was so good. >> yeah. >> maybe that will make the fed happy. hopefully. u.s. equity futures -- >> right >> that's my first question. no, no, it's good, you're right. mind meld. it's okay. >> great minds futures today are just barely in the red. in fact, it is mixed the nasdaq is actually up. we'll look at treasuries, almost -- treasuries are somehow listening to you guys, jim they're finally the differences aren't that significant anymore. >> that's my second question thanks, joe. >> $ 3.95, and the equity marke yesterday perked up. take a look at oil we get that below 70, would that help >> it is one of the questions. >> and bitcoin, at one point below 24,000 it is a r

we'll speak with andrew ross sorkin who it means.anuary 6th attack. or, it could take oversight down a very dark alley filled with conspiracy theories and disinformation, a place where facts are the enemy and partisan destruction is the overriding goal. >> it appears house republicans go with the dark alley path. the first hearing for the subcommittee to investigate the weaponization of the federal government was nothing but grievance politics. in the senate minority leader mitch mcconnell is trying to distance the party from a fellow republican senator. who could that be? president biden takes the post state of the union message to florida keeping the focus on the fate of social security and medicare. and his administration is receiving support from a prominent republican over the handling of the chinese surveillance balloon. that and new details about the balloon from the state department. good morning and welcome to "morning joe." it is friday! friday finally, willie. joe is on assignment this morning. your pick for this sunday, "

i'm rebecca quick along with joe kernen and andrew ross sorkin. live from wall street and washington today we have been watching the u.s. equities dow is indicated off right now slightly down 17 points s&p up 2 points. nasdaq up 18 this comes after the day of modest declines for the major averages treasury yields have picked up substantially since the friday jobs number that was stronger than expected. ten-year is lower this morning than it had been, but still above 3.6% >>> meantime, news this morning. alphabet ceo telling pemployees they need all hands on deck to test bard. they want feedback in the spirit of the internal hack-a-thon. they would test an application to build on top of the ai technology this comes as microsoft announces a news event today likelychatgpt. it will release a new service to bing the ceo of chatgpt tweeting a photo out at the headquarters of microsoft. john ford is in redmond and interviewing satya nadella they offered the service as part of the office portfolio of products if you are on email or all sorts of things. >>

i'm rebecca quick along with joe kernen and andrew ross sorkin. yeah, we're up we watched most of the super bowl >> three quarters. >> you know -- >> exactly three quarters. >> more people call in to work sick today than any day of the year no, i'll be interested to see how many of the fabulous audience is awake. >> and those who show up may not be 100% productive today >> don't you -- >> she looked at you >> it was a weird squeak i thought there was a dog in here if you have some fun food or beers or cocktails >> that is probably what accounts for the calling in. >> my problem is i want to drink a beer that tony romo drinks tony, give me a clue it doesn't matter. you don't care they pay you if they pay you? i'm confused. >> i did not notice. >> i tweeted that out. tony, dude you told me to drink corona. now i see you dressed up like bill murray. >> he switched leagues. >> here is my problem. i'm so used to watching a commercial and start doing something else that i'm like, wait i'm supposed to watch. i watch it and i wish i wasn't watchin watchin

>>> good morning and welcome to bks right here on cnbc i'm andrew ross sorkin along with kelly evans and mike santoli. joe and becky are off. it's nice to see everybody i haven't seen you in a very, long time. >> it is early. >> it's early. 6:01 in the morning. we've got a lot to do. about 3 1/2 hours before the market opens let's see where the futures stand as we await. what is the fed going to do? that is really the question. the dow looks like we opened about 147 points nasdaq off about 41 points s&p 500 off by 17 points the s&p 500 rose by 6 opinion 2% and the nasdaq rose by 10.7% but meantime take a look at treasury yields. today's the day, we're going to hear from fed chair powell will he talk it up will he talk it down we'll see? also cathie wood, arc etf had a very strong january. take a look. it rose by 27% we're goingto be speaking with cathie this morning at 7:30 eastern time. >> you wonder. it's less about any specific stock and more about what's going on liquidity do you know what i'm saying? does stock selection even matter i wonder. >> it matters. that whole category o

let's bring in the co-anchor of cnbc "squawk box," andrew ross sorkin. andrew, what can we expect?treet on this debt ceiling issue is taking this into -- i don't want to say into consideration, but i think for them, this is just theater at the moment. the question is when this becomes some midnight drama and if, in fact, there's a view this is all going to tip over. that view, i don't think is there. that's not what's moving the markets right now. what's moving the markets right now is what the federal reserve is going to say later today. jay powell will be speaking. really not necessarily how much he raises interest rates. that's baked into the cake. it's much more tonally whether he plans to slow down later this year. we saw the adp employment payroll numbers come out, 106,000 new jobs. that was a lot less than where we were before. that might mean the economy is cooling a bit. as we've discussed so many times, that oddly may be a good thing, at least from the perspective of the federal reserve. we'll see what kind of language he uses. i think people will be keying off that more

let's bring in andrew ross sorkin for that. inflation rose 5%?it hotter than anticipated. the market is taking it mostly in stride. but the truth is what this really bodes is the possibility that jay powell is going to continue to have to try to tamp down that rate if he's, in fact, going to get to 2%. we were having a conversation with jason furman this morning at this. the great news is we were up 9% plus. we're now down 6.4%. by default almost, it appears things will continue to come down. question is how much they'll come down on their own and how much help jay powell will provide. of course that help will be hurt in the form of higher interest rates for so many americans. >> this is just an economy that can't be tamped down. it is a hot economy. what's continuing to drive inflation even as interest rates go up? >> the inflation came down marginally in travel, but only marginally. you saw used cars come down. housing has actually been surprisingly buoyant. we continue to talk about the unemployment picture or the employment picture which is u

i think there's people who are taking for better or worse inspiration from that. >> andrew ross sorkins angeles where lebron james passed another laker's legend, kareem abdul-jabbar to become the nba's scoring leader all time. nbc news national correspondent miguel almaguer has more. >> reporter: lebron james, a shot in history! lebron stands alone! >> reporter: with that stepback jumper, one of the greatest players in basketball history becomes the nba's greatest scorer of all time. >> the all-time leading scorer, you have witnessed it, lebron james. >> reporter: with his family on hand, lebron james wiping back tears as the game was paused to celebrate the historic moment. >> i would never, ever in a million years dreamt this even better than what it is tonight. >> reporter: former laker great kareem abdul-jabbar embracing james as he passed the torch in the form of a basketball. >> that indefinable essence that they call leadership. >> reporter: with celebrities like jay-z, bad bunny and denzel washington sitting courtside w showtime. >> reporter: and the crowd cheering his every mo

. >> we'll have andrew ross sorkin here.ey're back at the zoo now. it appears police have a suspect in custody. >> what about the missing monkeys in louisiana? >> i don't know. >> alex, do you have anything about the monkeys in louisiana? >> i don't. but i have a utica missing monkey case. >> this has been a "morning joe" tradition for at least one day. this is the utica, new york, monkey cam. it is 3 degrees. >> they're snuggled up, hiding because somebody is stealing them. >> let's go from monkeys to balloons. >> on a more serious note, the spy drama the pentagon has been nervously following for a number of days now. right now, a spy balloon believed to have been sent by china is flying over the united states. nbc news national security and military correspondent courtney kube has the latest. >> tensions are rising between the u.s. and china over a suspected chinese surveillance balloon that has been hovering over the northern u.s. for the past few days. >> it's been stationary for about the last 35 minutes. >> reporter: t

let's bring in andrew ross sorkin.> we got red numbers on the board. it's interesting, there was spectacular earnings and sales during the holiday season. the conundrum is really the guidance, the outlook for what these companies are telling the public they think is about to happen and what they think is not good on a relative basis to where they were in terms of the growth. costs are going up. wages, by the way, going up, home depot announing they're going to spend a billion dollars in terms of additional pay for their workers. there is a question mark on where the stock market is around this, which is to say do you try to lower expectations even more so that you can beat them on the other side. there's always this strange game on wall street going on. i don't want to say it's all terrible news, but on a relative basis, this has been the question, what's the rest of this year going to look like. i think they don't know, therefore, we don't know. >> it can be so head spinning to follow business news. on one hand, unemp

let's bring in andrew ross sorkin. talk about these layoffs.l buying pcs and computers during the pandemic. to the degree we're past that pandemic, you're seeing sales fall off. companies like dell are cutting back. we're seeing cutbacks across the board. you juxtapose all of the headlines we talk about every morning about some new company cutting back staff, laying people off, and the fact that the unemployment number, which we just got on friday, is at its lowest point since 1969. having said that, that speech is going to come right after jay powell speaks tomorrow afternoon. i would love to know whether president biden gets a copy of jay powell's speech before it or if he has to change any of it as the day goes on in as far as chairman powell coming out and we really will see how hawkish he is about the economy. he's said over and over again he thinks inflation is still out of control. >> the ups and downs just last week, we had a smaller than expected interest rate hike. i think the next day it was british central bank saying that perhaps t

we do have some time to spend with andrew ross sorkin who covers the economy for cnbc and "the new york times. what an interesting moment we have in the economy where you have the fed chair hiking interest rates eight times since the last state of the union and trying to tame inflation at the same time, you have a pretty hot jobs market, unemployment at a 50-plus year low and this is the needle that policy makers and the president politically, they're trying to thread >> i was actually struck with how well the president threaded that needle this evening, making economic issues which often don't feel relatable to the american public feel quite relatable. speaking as an american consumer especially when he talked about junk fees and talked about buy american and even some of the infrastructure programs and jobs programs he's put into effect. i thought that actually did resonate i was also struck and i think a lot of wall street will be struck tomorrow morning by his comments about big oil and his plans to tax billionaires in particular he had a line which drew some laughs i think from the

talked about getting gap operating positive in the -- in due course, is what he said, with andrew ross sorkiner on "squawk." take a listen. >> we are seeing menu inflation in our eats business, and we've seen a little bit of the number of orders in a basket come down, so maybe people are ordering a little bit less in response to menu inflation, but it looks like that menu inflation is subsiding. in other words, it's not getting any worse. it's not getting any better. >> his point was not really seeing weakness in consumer. on the other hand, some of the drivers say the reason they're participating is because of inflation. >> well, look, inflation is still not great, but the wage level is beginning to creep up again in used cars it's like whack-a-mole, aluminum, copper shortage, but i would say that the -- we're at this moment where people are no longer saying, you know what i expect my wages to go up 10% i think they're saying, you know, wages could be peaking here not yet. i also find that when you look at, say, dupont, which is up really big, they have raised prices and now raw costs are go

i'm rebecca quick along with joe kernen and andrew ross sorkin. we hhave red sirens to add to things dow futures indicated up by 48 the s&p up by 10 this comes after big gains yesterday. the dow had the best day since january 6th yesterday. today, we are focused on cpi out at 8:30 a.m. the expectations were .40% year over year, 6.2% core rate is expected to be up by .3% year over year, up by 5.5% expectations are looking for the things if you look at hotter numbers, the drop in the numbers. >>> we have coca-cola at the top of the earnings calendar we get the results at 7:00 a.m. eastern time we will speak with the ceo james quincey at 7:30 a.m. about the numbers. we talk to him about what he is seeing in inflation and the economy around the globe and consumers are feeling and quite a bit more >>> ahead of that, we look at the equities if you have been watching the treasury market, the 10-year treasury is yielding 3.69% that is the number to watch when we hit the cpi it's back up >> great to have james quincey on we had pepsi on. no abatement in in

back to "squawk box" here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkinng all morning, little mixed picture, things are moving around here a little bit. we have got the dow off about 114 points s&p 500 up about 17. nasdaq up about 156 points look at treasuries as well ten-year note, sitting at, i'm sorry i'm looking to the -- so far over, ten-year note at 3.4 and two-year, 4.1. we'll show you the oil board as well you're looking right now at 7623 when it comes to wti crude finally crypto, over 23,000. almost $24,000, guys. >> risk is back. >> risk is back. >> that's going to cut. >> thank jay powell,yeah. >> eli lilly, the results, we just got through them, we were trying to figure out what was comparable but here is the verdict. eps adjusted 209, that's 31 cents better than estimates of 1.78 revenue at $7.3 billion. this is the tricky part, the company is raising 2023 eps guidance to 8.31 to 8.55 a share. that's better , but the higher end of the range should be higher given the 31-cent beat. that's the inttricky part here eli lilly shares down right now