is falling plus many more young people prefer going to university over working at a company like mike nars. there's unquestionably a great deal that's working well in germany's dual system in spite of the current problems people from abroad have noticed that giving young people a future perspective early on with a model that includes theory and practice seems to work. more and more countries are expressing an interest in the german system but introducing it is easier said than done. i think this misses the first similar companies have to sit down together and set uniform training standards that means what do they want what do they all have in common then they've got to give people time off to go to class and they have to pay for the program. seamlessness cannot see it just like germany's dual vocational training system is supported by a high level of acceptance and it's rooted within the society companies here are willing and eager to take part in training people that's what it takes time for that to develop. vocational training in germany is a model for the rest of the world many apprenti

mike bailey, fbb capital mark markets. it's 7:56 right now. so i guess we're going to break. >>> coming up, former minneapolis fed president nar ya ma kocherlakotaeck out the futures at this hour. we're up 35 points 'lbeig bk.he green now wel rhtac >>> new overnight. power provider pg&e filing for bankruptcy hurting from liabilities over last year's wildfires. we'll tell you what's next >>> can howard schultz handle the grind? >> we'll see over the next three month ifs we can ignite a national movement for a better choice >> more from my interview with the former starbucks ceo including how he's respond to attacks from president trump on the campaign trail >>> and fed's first meeting of the year about to kick off our special guest, former minneapolis fed president narayana kocherlakota as the final hour of "squawk box" begins right now ♪ >>> live from the most powerful city in the world, this is "squawk box. >> good morning and welcome to "squawk box" here on cnbc from the nasdaq market site in times square i'm joe kernen along with becky quick and andrew ross sorkin and our guest host tom farley. chairman and ceo of farpoint you recognize him a