again jeff kilburg good to see you.ke one more quick look at futures before we let you go. again, the market is under a lot of pressure. this morning we just showed the nasdaq. a short time ago down more than 1000 points. it's about four and a half 5%. with that we are going to leave you. thank you for watching worldwide exchange. squawk box starts right now. >> good morning. >> investors waking. >> up to. >> a. >> major selloff. >> on wall street. >> the emergence. >> of china's. deep seek ai now putting pressure on tech names around. >> the globe. >> we're going to talk about it. some of the most widely held mega-cap names are falling. >> and they are falling. >> sharply, along with energy stocks and yes, bitcoin as well. we're going. >> to run through. >> the big decliners and then new overnight. in addition, colombia and the. us pulling back from what seemed like the brink of a trade war over the weekend after colombia's president backing down on allowing flights to deported migrants from the us to land. it is monda

jeff kilburg is founder at kkm financial and cnbc contributor. all right, david, take it.hy are stocks shrugging off these moving rates? >> i think we have to factor in, why are yields going higher? the drawing on the board demonstrated certain periods of time where yields were going up or down based on expectations or fed policy, or based on inflationary pressures. that will have a big impact on stocks. most recently, yields have been going up based on growth expectations. if yields are rising based on growth expectations, we can get more comfortable around earnings growth. that is positive for stocks. if yields are going up because of deficit concerns, or because of inflationary concerns, you are going to see stocks fall. really, it's a function of what is driving yields, however, i would say that over time, lower yields favor the equity markets, particularly, longer duration equities like these mega cap tech names. that is something we will have to get used to. we will have to get prepared for hire, longer-term rates, higher rates across the curve as rates continue to n

thanks, jeff kilburg brian weinstein, appreciate your time today.elsewhere, look at shares of alaska airlines up 5% on strong quarterly results. they're actually at their highest level in nearly four years, more than doubling off their low from last august. and the strength is being seen across the industry. four of the six biggest airlines have reported so far, and all of them beat top and bottom line estimates. for more, let's bring in alaska ceo ben minicucci, along with our very own phil lebeau. >> phil kelly, thank you very much, ben. you heard the setup from kelly there. in terms of what you guys reported yesterday, your guidance for the first quarter, is this an extension of what we saw last year in terms of demand, or is there something different driving what you're seeing with your customers right now? >> well good morning phil. good morning kelly. yeah i think it is a continuation of demand we saw through the fourth quarter and into this year. phil, i think what's a little different for us at alaska airlines is our acquisition of hawaiian