weather now we're ready to go we're happy that we can finally get on with our work in the shop at kernan the barracks in saw feldon is also home to a team of crack mountain troops experts in rescuing hikers and skiers lost in hostile terrain and residents of isolated communities cut off by the huge snowfalls as egypt has said you know my time in the air force of never known a situation like this or anything on this scale it's been quite an experience. for thirty's say the avalanche danger in the alps remains extremely high with more heavy snowfalls on the way. because it is a size of a disaster operation is not for problem as phil says the difficulty is that this year we've had nonstop snowfalls for eight days or was handled gratian survey continuing around the clock. our target is a stark continued failure of across southern germany and austria the emergency services are taking advantage of the window of better weather to clear the snow and reopen transport links. the arctic conditions are even hit parts of north africa snow and ice have blocked roads in northern algeria a region better

i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look if he u.s.xed yesterday the dow ended up by 50 points. s&p down by 3.5 points nasdaq oif by over 50 points this morning it is green arrows across the board dow futures indicated up by 85 points s&p futures up by 7.5, and the nasdaq u

i'm becky quick along with joe kernan and andrew ross sorkin. we've been watching the u.s.own day yesterday for the markets with the dow down by 200 points, you are looking at redary rows this morning dow is indicated down by 29 points right now s&p has indicated down by about three points, and those declined yesterday for the s&p actually put it back in correction territory. down just over 10% from the highs that we had seen late last year you can always take a look at the nasdaq down by 15 points this morning at least that's the indication let's take a look at what's been happening overnight in asia. it does look like the nikkei ended flat hang seng was down slightly.

i'm becky quick along with joe kernan and andrew ross sorkin.sales at stewart frankel and fast money trader and our good friend it's actually school i think it's a delayed open. >> a recorded delayed open >> it's 6:00 it hits right on the -- >> nobody is there yet, right? >> no. >> i mean, your kids -- it's not like -- >> they're waiting to get in the door no >> someone is throwing up, come and get them >> it's cont

. >> i'm becky quick along with joe kernan and andrew ross sorkin our guest host from the next two hoursckstein it's great to have you here today, notice wra. let's take a look at the u.s. equity futures yesterday stocks were off once again. second day in a row. they did pair their losses that we saw earlier in the session with the dow ending down just about 86 points. earlier in the morning when we were looking at things it was down by 250 points in the premarket. you can see this morning that it looks like futures are indicated higher this morning. dow futures indicated up by 83 points s&p futures up by 5.5, and the

i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look at u.s.ter stcoe n before this morning you are seeing some green arrows, but muted green arrows dow futures indicated up by 25 points s&p futures indicated up by three skaf, and the nasdaq indicated up by 26 points. let's take a look at what happened overnight

i'm becky quick along with joe kernan and andrew ross sorkin. take a look at the u.s.y are indicated higher, but not by enough to wipe out the loss that is we saw yesterday. big concerns yesterday about what will happen between the united states and china with

i'm becky quick along with joe kernan and andrew ross sorkin.hour is joe terra nova from vertos investment partners. he is a cnbc contributor as well we've been looking at the u.s. equity futures, and after three days of a row of gains, check out the futures. they are in the green once again. dow futures indicated up by 67 points after a gain of 256 points yesterday s&p futures indicated up by just over six points, and the nasdaq is indicated to open up by about 21 points here take a look at what happened overnight in asia. you're going t

i'm becky quick along with joe kernan and andrew ross sorkin.e a look at the markets this morning u.s. equity futures at this hour are indicated a little lower dow futures down by 75 points. s&p futures off by ten the nasdaq down by 37. yesterday it was earnings that came to the rescue of the markets. you saw the dow up by about 140 points after goldman sachs, bank of america, several other companies that we heard from kind of soothed some investors concerns about away we're going to be hearing during this earnings season. we do have more earnings coming today. we'll take a look and see where that goes.

>> we need to ask joe kernan because the president called joe in pair says at a bistro >> joe is hangingn >> i think i cursed. >> did you >> i did >> i'll have to look it up on youtube. >> i said the d word that's cable ben blank white. thank you very much. >> thank you >>> up next, on the defense, facebook's mark zuckerberg is going on the record in a new op ed this morning. he says you don't understand my company. i'm going to tell you what we do and a possible sign of the times. coke is doing something has not done in 11 years you know what, we're going to rock you like a hurricane after the break. your digestive system has billions of bacteria, but life can throw them off balance. re-align yourself, with align probiotic. and try align gummies, with prebiotics and probiotics to help support digestive health (danny) (client's voice) ...that you're not using smarter tools to manage your business. you work too hard to work this hard! collecting receipts? is it the 80s? does anybody have a mixtape i can borrow? you should be chasing people's pets... ...not chasing payments! quickbooks giv

and welcome back to "squawk box" on cnbc live from the nasdaq market site in times square i'm joe kernanorkin. >> i'm losing my voice, folks. >> you're picking your spots >> modulating. i don't think i'm sick. >> you're talking yourself into that this is what happens right before you get something really nasty. the futures are indicated down less than triple digits, less than triple digits, is it five out of six days we were up it's about 9% or 10% who thought up that christmas eve route. >> merry christmas, the grinch is here. >> the grinch was trading that day. anyway, take a look at yields which are above 2.7. >>> jeff vinik is reopening his fund, vinik asset management, after a six year hiatus. leslie picker has more on that story. good morning. >> good morning. >>> a lot has change since the six years vinik was running his own hedge funds. he was using bottom up fundamental analysis since 2013 when he returned $6 billion to investors, the strategy of betting both for and against individual stocks has underperformed the market other legends like lee cooperman and richard perry have g

i'm becky quick along with joe kernan and andrew ross sorkin. our guest is steve grosso, director of institutional sales at stewart frankel and fast money trader and our good friend it's actually school i think it's a delayed open. >> a recorded delayed open >> it's 6:00 it hits right on the -- >> nobody is there yet, right? >> no. >> i mean, your kids -- it's not like -- >> they're waiting to get in the door no >> someone is throwing up, come and get them >> it's cold fro6:00 in the mor. it's a delayed open. >> i really want to get your insights on the fed. >> absolutely. >> let's start with yesterday's earnings and a fed-fuelled rally and stocks the dow trading back above 25,000 after the fed left rates unchanged, and signalled that future hikes are pretty much nowhere in sight here's fed chair jay powell making the case for caution. >> financial conditions tighterned considerably late in 2018, and remain less supportive of growth than they were earlier in 2018. while most of the incoming domestic economic data had been solid, some surveys of

live from the nasdaq market site i'm joe kernan along with becky quick.ints on the dow. and we are going to take a quick look at treasuries as well wells fargo is right on time with posting results here of -- >> and with the full release. >> $1.21 is four cents ahead they beat on the bottom line revenue is shy of the 21.7 it comes in at 20.98 the stock after the initial drop is now basically unchanged let's bring back marty mosby director of bank andstrategist and he's -- i was just kidding about analysts i love the analyst community are you going to renew my faith right now? cnbc's own wilford frost would you characterize this as better than jp morgan? >> really the main reason why they may have missed parts of their estimates, just quickly looking at the numbers eps is $1.21 revenue is behind 20.98 versus expectations there is a couple of slight disappointments. net interest margin is 2.94% it is expected to be $2.95%. that's in line rates have not gotten much worse. the efficiency ratio is disappointing. this has been a big issue for them over the last

i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look if he u.s. equity futures market was mixed yesterday the dow ended up by 50 points. s&p down by 3.5 points nasdaq oif by over 50 points this morning it is green arrows across the board dow futures indicated up by 85 points s&p futures up by 7.5, and the nasdaq up by 52. all of them being helped by apple's results. we'll talk about that in a bit that stock up pretty sharply after earnings came in. >> you will see a mixed picture. the ftse up 1.2 berz cac up half a percent. the dax down by one-third of a percentage point, and then in spain stocks weaker as well. check out the treasury market here in the united states. you're going to see that the ten inform year is yielding 2.722% >> it is a busy day for business news we're going to get quarterly report cards from at&t, boeing, mcdonald's all that before the opening bell in addition to all that, we are reacting this morning to apple shares because they are soaring after the company reported earnings of $4.18 a share. beat estimates by a penny reve

i'm becky quick along with joe kernan and andrew ross sorkin.ur guest host for this hour is joe terra nova from vertos investment partners. he is a cnbc contributor as well we've been looking at the u.s. equity futures, and after three days of a row of gains, check out the futures. they are in the green once again. dow futures indicated up by 67 points after a gain of 256 points yesterday s&p futures indicated up by just over six points, and the nasdaq is indicated to open up by about 21 points here take a look at what happened overnight in asia. you're going to see that the nikkei was up by 1 .1% the hang seng was up by about 2.25%, and then the shanghai composite, stocks up .7% those trade talks extending to an additional day, and we'll talk about that in a moment. you can also see in european equities that at least at this hour you are going to see green arrows across the board. the cac is up by 1.1%. the dax and ftse up by 1%. stocks even higher in italy. up by 1 .25% finally, check out treasury yields, which yesterday pushed back above 2.7%

i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look at u.s. equity futures. you did see gains after stcoe n before this morning you are seeing some green arrows, but muted green arrows dow futures indicated up by 25 points s&p futures indicated up by three skaf, and the nasdaq indicated up by 26 points. let's take a look at what happened overnight in asia you're going to see -- at least we're going to see in a minute that stocks in asia, particularly let's start with what happened with the nikkei, it was flat. hang seng up by .4%. similar gains for the shanghai composite. also, let's take a look at what's happening in europe and some of the early trading that's taking place in those markets right now. you are going to see that in europe there was a delay here, the dax is indicated up .5%. the cac is trading higher by .7%. the ftse is down by .2%. there are gains in italy and spain. finally, let's flip and take a look at the treasury yields too. you want to take a look at what's been happening. we've been looking at the ten-year sitting around

i'm becky quick along with joe kernan and andrew ross sorkin. take a look at the u.s. equity futures at this hour they are indicated higher, but not by enough to wipe out the loss that is we saw yesterday. big concerns yesterday about what will happen between the united states and china with those trade talks. we're going to bach about that and the economy around the globe. in the meantime, take a look at what happened in asia overnight. nikkei was slightly lower. it was down by over .1%. the hang seng was flat, and so was the shanghai composite if you take a look at what's been hang at some of the european markets in early trading today. early things that are taking place at this hour you are going to see that at least right now in some of that early trading a little bit of a mixed picture. slight declines for the ftse and for the dax. the cac in france up by just a little bit less than .2%. ftse -- the ftse mib in italy is flat, and then in spain the ibex 35 up. you are going to see that with everything that's been considered, central banks around the globe with thes

i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look at the markets this morning u.s. equity futures at this hour are indicated a little lower dow futures down by 75 points. s&p futures off by ten the nasdaq down by 37. yesterday it was earnings that came to the rescue of the markets. you saw the dow up by about 140 points after goldman sachs, bank of america, several other companies that we heard from kind of soothed some investors concerns about away we're going to be hearing during this earnings season. we do have more earnings coming today. we'll take a look and see where that goes. >>> overnight in asia you'll see that the neeks neek ended the day down by .2%. hang seng was off by half a percent. then stocks in china and the shanghai composite down by .4% right now in the early trading that's taking place in europe, again, also, red arrows for most of these the cac down by one-third of a percentage point the ftse off by .4%, and then the dax down by .2%. finally, take a look at treasury yields here in the united s

i'm becky quick along with joe kernan and andrew ross sorkin. we've been watching the u.s. equity futures, and after a down day yesterday for the markets with the dow down by 200 points, you are looking at redary rows this morning dow is indicated down by 29 points right now s&p has indicated down by about three points, and those declined yesterday for the s&p actually put it back in correction territory. down just over 10% from the highs that we had seen late last year you can always take a look at the nasdaq down by 15 points this morning at least that's the indication let's take a look at what's been happening overnight in asia. it does look like the nikkei ended flat hang seng was down slightly. shanghai composite down by .1% then in europe where there is some early trading that's already taking place, mostly green arrows here. ftse indicated up by 1.4%. the cac is up by -- you have modest advances to the other european forces. the ten-year is yielding 2.74% breaking news out of california this morning utility giant pg&e filing for chapter 11 bankruptcy protection the c