mo "squawk on the street" from mo "squawk on the street" from post 9 in a moment tomorrow, it's a day filled with promise and new beginnings, challenges and opportunities. at ameriprise financial, we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant. ♪ >> side abs. >> the hand off has to happen one way or another lets bring in andrew who's at the olympics this week in south korea. we did have a great time, did we >> i got to tell you something carl, i don't know if you can see this this is our curling stone something. anyway, great to see you, carl, wish you were here with us that was a big fun day together and we'll have a lot more videos to show you some other stuff including some competition that we had i want to check in on the medal count this morning, norway is in the lead with 29 medals and germany had 23 and canada 19 and the netherlands 14 and france of 13 medals and the u.s. is no in the top five anymore dropping down to six in the ranks sadly. france coming right above us and helping out team usa the shib sibs took bronze in the ice dance and we caught up with them and their new hardware just a couple of moments ago. >> these things are clanking, you now have two of them >> trying to be careful. >> but it made noise now >> do you want to feel >> you got two so that's good. >> help us at this we want to know this brother/sister relationship, how does it work >> it worked out really well >> do you hang out all the time t do you argue, do you just practice together and go your separate ways, what's the move >> well, when we started out, before skating we were hanging out together all the time. do you have a sibling. >> i do. >> with us, we started skating together and we continue to hang out. it is an awesome relationship that we have we are business partners, it is important that we separate the family stuff and when we are on the ice, we got a job to do. >> what do you guys disagree on? >> a lot of stuff. . >> like? >> when we are training, because when we try to be the most elite level of everything, we expect a lot from each other. >> what happens from shochi to here >> we wanted to do things our way and because we are different being brother and sister, we had a different story to tell and we have to be unique and capitalize on that strength >> you know carl, you say it all the time but one of the most amazing things here, now we are showing a video here you talk about sort of the american dream, i am watching these winners and see them in their moments and elements, it is an amazing thing to see talking about seeing, coming up, i think we already -- anyway, another pair of american heroes hitting the ice. i am talking about carl and myself, we'll show you that in just a little bit. >> you guys have good form, andrew >> you know there is a fun fact of the shibutanis kids what's funny is somebody on twitter says he called in on the array farmer biotech earnings call for the second quarter and he apologized because the connection is bad and he's calling from the korea the ceo says enjoy the olympics and i know you have people who you care dearly about competing. wink, wink >> they called themselves business partners so we'll see them a lot more, not just on the ice but as guests on cnbc. >> fantastic andrew, cannot wait of a good week of coverage and a little bit more video. >> and your ice skating. >> i thought you guys looked pretty good. >> i bet it is harder. >> andrew, you got hard work to do there carl was really good we all -- i hope you do the vr thing again. that would be great to watch >> well, i am going to go over there. carl covered a lot of ground but we'll try to cover a little bit more this week there is a lot of medals still to cover we have a couple of big, fun stories to show you as well. we'll be bringing you all of that >> andrew sorkin, we'll see you later. >> thank you >> still to come food and business, interview of tyson and conagra. we'll take a look at how our futures shaping up walmart is playing a role. the dow is looking to lose 143 at the open. more "squawk on the street" from nysd straight ahead. straight a. d mom and dad got a new car... it's not theirs. it's mine. mine. mine. and it always will be, forever and forever. the new rx 350l with three rows for seven passengers. experience amazing at your lexus dealer. of emerging markets obsolete? at pgim, we see alpa in the trends, driving specific sectors of out performance. where a rising middle class powers a booming auto industry. a leap into the digital era draws youthful populations to mobile banking and e-commerce. trade and travel surge between emerging markets. everyday our 1,100 investment professionals around the world search out opportunities for alpha. 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a slam dunk across the board when it comes to the metrics or watching the six straight beat in a row this one is indicated of an open higher clearly in the premarket. we have in the other hand, in retail, walmart. it was the biggest decline. >> on earnings in 17 years >> that's a long time. >> it is worth mentioning again before the open, albertson's is a private company, but it will be going public through this deal rite aid tried forever to get the entire company to sell to walgreens but antitrust authority says no. what's left of rite aid is now being combined with albertson's, of 28% or 29.6% of what will be that new company that i would assume will enhance albertson's aid to customers and competing with the death star known as amazon >> think of walmart with the pharmacy offerings, when it goes public, it is going to have a viable portfolio or businesses that'll compete directly with walmart. >> i am sure it is not a coincidence. amazon will start giving consumers 5% back if they use the amazon visa card at whole foods. the margins and the busines business -- it is like weighing on the the pressure that's coming on. >> i love the 5% back card i use it all the time. >> yeah. >> just on the website i diplomat know and now whole foods. lets go to the opening bell, the s&p 500 at the bottom of the screen a provider of automother vehicle support, drop car. we'll watch the impact from the dow. you can see the opening is not impressi impressive, quite a bit of red nxpi opening for trade of the initial trade there is a little bit below. >> you got a few weeks to potential close or even longer the chinese authority would have given their approval last week, it is chinese new year and the year of the dog, things are not going on the expectations are next week you do have the new deal, 127.50 is the price it is trading below that that'll tighten up a couple of weeks. interestingly, one day before the march 6th, shareholder vote, they'll make a decision to see any of the prod cobroadcom nomi. wl s we'll see where that ends up it will have to be a majority for anything to change there have not heard from broadcom this morning, not in a statement and have not heard of any sources from the company either. a new deal have been signed with voting agreements with 28% of the share, we'll only need 70% now. you can see broadcom shares are trading up a bit this morning. >> does it tell you that people think they're going to abandon the offer? >> the growing belief is they'll not be successful one way or the other and therefore, they'll move on. the stock have been under pressure since they began this quest. it is tough, they are really tough. hock tan is a disciplined buyer and so we'll see these guys know how to do deals, tom hayes have done some great deals at tyson i think we are looking at tom horton who'll be joining we'll take any tom we can. if your name is tom, come on up. it is a tom morning. >> a falling demand for the nikkei and samsung is going to slash out on led panels. it is a new day. if cramer is here, we'll go off once again how not to follow those cues >> think about how many times we hear those resources they're seeing weakening demand for the 10 how many times are we listening to that and we see the stock maybe pulled back. what can we believe? we cannot believe those reports anymore. >> you cannot believe that warren buffett is the largest single shareholder that propelled apple shares last week one would say largely because of the ownership of berkshire hathaway it is giup again this morning. technology, sharply it is coming back the last couple of weeks and it is still at 4.7% for the year after being dow for the year, only a little over two weeks ago. >> fairly big, there was a big mover, biotech company, late study meeting the end goal of the peanut allergy drug, aimmune, thaimmun aimmune thera, this was up 11%, reenforcing the effectiveness of the peanut allergy drug. it is a small stock. this has been a high fire certainly in the past 12 months or so. >> retail obviously, a bit of negative halo surrounding walmart news and you see some losers at the top. gaps and other ones are down 7% in the premarket on ahead of the gap brand. jeff kerr is leaving, they say it is going to oversees it on an interim basis. we always talk about in terms of gap the effect from banana and old navy but in this case, a replace for one of those >> that's a steep decline for gap this morning take a look at macy's down with 2% >> dom has been on the air this morning. macy's was one of those stocks cited. it had given up a lot during this, here it is under pressure and it will be interesting to see what sort of pressure walmart has across the board on retail this morning. >> not a lot of research out this morning, city does go to sell on snap price target is 14 bucks the argument is there is a significant jump they say in negative review of the app because of redesigned that was pushed out users decline in engagement and there is the added news that beagle sold about $15 million worth of stocks next week. >> that benefited better than expected numbers and moved up sharply at 38% when you mention snap, you have to mention facebook, well, you don't have to but you may want to take a look at it it is weaker today it is not incredible strength in technology the continued questions and focus on facebook's impact on the election and russian trolls, front page of "the new york times" today and indictment of mueller last week and some conferences and mr. goldman sort of coming out and did not seem to have called qualcomm before he took to twitter. that may have ban mistake. always check that's why they are there. >> with the pr >> they may say not advisable. >> retweeted by the president as he tried to argue that advertising, their hands are clear. some read the indictment on friday with a different point of view >> yeah, 9,000 people came back at them on twitter that stock continues of what's been the weakness and facebook is down for the year but opposed to alphabet's up 4.1% and amazon is up 25% for the year and as we pointed out, snap is having a good year as well. >> it is worth knowing yum brand. we mentioned kfc stores, kfc have said they have switched delivery partner, yum brands is down 6/10 of a percent and we mentioned tyson as well. we'll ask the ceo when we get a chance a little later on in the show >> the initial lows, walmart is attracting 50 points or so lets get to seema mow dionody oe floor. >> the dow has recouped about t two-thirds of its losses that we saw in the sell-off. it is out of correction territory. it is still about 5% away, down to 80 points in today's trade. trading mixed after the latest read on inflation, germany is surprised of the upside, many asian markets are still closed for the lunar new year, the japane japanese nikkei is coming under pressure on the back of a stronger dollar. walmart is reporting a mixed quarter. revenues and comps both beat the street home depot had a big league thanks to a bump up in store traffic and a boost in ticket prices home depot is hiking its dividends up to 1.5% domino's profits by higher royalty -- it is lower right now by 5%. chipotle is getting an upgrade on the ceo change enthusiasm building as brian nicolls trying to revitalize chipotle's brand >> of course, lastly take a look at bitcoin is up 30% over the past, dieespite all the controversies of trading it is now above $11,000. >> thank you seema >> lets he's head to rick santei >> good morning melissa lee. if you look at interest rates, they continue to walk higher, fresh highs going back to 2008 plus for 2-yr noteyield. actually 2's are now up 3 and 10s are up a couple of basis point. if you look at how far back we go on the 10-yr, just remember as the 2-yr, we'll be comparing that for a while the same can be said for 10-yr note the last day of 2013, we traded a 203 on a dloclosing bases ande never saw it since you have to go back 2011 to see before the particular date if we look at what's going on in europe, the 10-yr bund yield is down a couple of points. the 2-yr in europe is up you have to go back to may 2016 to find minus 51 is the high yield. it sounds absurd, does it? >> we are up almost half a percent, the dollar index is still struggling just to get above its midpoint of 2018 >> carl, back to you >> all right, rick, thank you very much. when we come back, an exclusive with tyson and tom hayes, we'll discuss his company's ruurg orgendhe t chicken shortage affecting kfc a lot more, we'll be back in a minute it's absolute confidence in 30,000 precision parts. or it isn't. it's inspected by mercedes-benz factory-trained technicians. or it isn't. it's backed by an unlimited mileage warranty, or it isn't. for those who never settle, it's either mercedes-benz certified pre-owned, or it isn't. the mercedes-benz certified pre-owned sales event. now through february 28th. only at your authorized mercedes-benz dealer. i know when i hand them the it's gonna be scary.car but i also know that we're gonna have usaa insurance for both my boys. it's something that they're not even gonna have to think of. it's just gonna be in the family. we're the tenneys and we're usaa members for life. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. >>> the largest u.s. food company, tyson food is citing the new tax law is contributing a record of this month for more on that, lets check in with the ceo tom hayes who's joining us from boca raton in florida. >> good morning guys >> there is plenty of news, what's the headline for you down in boca? >> yeah, today is a chance for talk about our innovation strategies, we have a lot going on a strong foundation, we are billing on a base of fantastic new entry and talking about a great pipeline we have coming up for this year. >> in davos you mentioned you were on the hunt for some acquisitions but valuations have been very high i assumed that has not changed in the past couple of weeks. >> it has not. we want to make sure we'll bring in companies that's going t to -- we are constantly on the hunt for things that's going to add a lot of values. valuations are very high and we'll be disciplined about it. it is a market with a lot o of -- we are the only company right now that's growing we want to continue that trend >> costs are a problem though. you unveiled a plan to raise prices at a higher fright cost, there is a tight capacity out there and there is some skepticism of what this can do for demand and for meats, how do you foresee of the price increases at the same time potentially road demand. >> yeah, sure, it is an issue that's hitting the whole industry, it is not specific to tys tyson. i think everybody is going to deal with it in one form or another. the driver shortage is real. getting transportation and getting goods where they need to go is a real problem costs are going up costs have to be played out to consumers. it is going to be all products we feel like tahat's why we hav to focus on value, the brand building that we are doing is putting us in a better position. certainly innovation is most important now when you try to play some of those >> mr. hayes, your shareholders we mentioned a moment ago, your shareholder would like to see you do another deal given the success you had and frankly many people thought you paid a high price but you delivered well more value than many thought possib possible whn y pinnacle is that the name that acquire certain circumstances? >> there is a lot of names coming up that's an attractive acquire. what we are focusing on is not rumors or individual company but what's going to be best for us there are a lot of companies out there but not one fitting our strategy with the fastest approaching brands o good asset for sure and a lot of them we'll focus on our strategy and building out protein and take advantage of it and consumers want more protein and that's not stopping any time soon >> certainly summer adopting these lifestyle, how focus are you guys on that in terms of all these meat alternatives becoming readily available. >> certainly we are the largest u.s. food company by a fairly wide margin and that's built on the back of animal protein it is something that's merging and consumers want alternatives and they're going to be sustainable. we have actively disrupting ourselves with investments and alternative proteins whether it is plant base or others. we feel like that's going to be a huge part of tyson in the future and we want to lead of regardless of what type of protein it is, we want to lead the charge >> tom, everybody is watching kfc today, these locations in the u.k. that's being forced to close hundreds of locations because of a shortage of chicken, how is this specific to one market or is there something else going on? >> i think it is specific to the market, i heard about this today as you did and certainly any time you move a supplier if go from one logistic company from another, there is going to be disruptions. we have in the u.s. a strong supply chain, we feel that's a competitive advantage for tyson. that sort of thing is a disaster n scenario, i wish them the best of luck. kfc is a great competitor as well but not in the u.k. long te are we in protein consumption trends i've seen some things written that perhaps we might have gone peak chicken a decade or so ago. where are we going at least in north america/u.s. >> protein is not slowing down, where we are on the cycle is if you look over the last say 58 to 60 years protein continues to increase 3 exact global consumption. the u.s. follows the same trends, maybe a little more. it continues to grow at 3% or more and that looks like it will continue long into the future so i think there's great tail wind if it's chicken, beef, pork or frankly plant-based protein, the consumer will tell us which way that goes but protein tail wind as a growth engine for us has a lot of room to run. >> finally tom, we'd be remiss if we didn't come back to tax reform which is such a big issue for so many people in your position you announced, of course, a bonus to as many as 100,000 employees. but beyond that, what do you see from the savings in your tax rate being lower in terms of your capital allocation and now in any way are you planning to change it? >> we had our conversation call for the first quarter of last week, two weeks ago and we told them we'll continue to accelerate against our strategy so for us, for tyson, it's about a $300 million benefit this year so as you mentioned, david, we sent some of that back to our front line employees, we will in the form of bonuses. but we'll accelerate cap x we have a lot of great projects we want to execute that's best for you are a shareholders and our companies. there's a lot we can do to help them we have folks in the jobs that are the most difficult we'll apply automation, we have lots of training, people coming up the curve in terms of skills as that automation takes hold so we are continuing the investment trend beyond a one-time bonus because this is as you know going to be year over year a tremendous, tremendous tail wind for us. >> tom, appreciate your time good to see you again. tom hayes joining us this morning from tyson a lot more exclusives from the cagney conference coming up later on today we'll talk with the ceos of conagra and hanes celestial in the 11:00 a.m. hour. walmart is down 9%, close to the ree ssn.thseio mowk on the street" continues in just a moment alerts -- wouldn't you like one from the market when it might be time to buy or sell? with 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