the s&p 500 is down 25, the nasdaq down 82.e los angeles teachers union insisting the protest is a last resort after a nearly two year battle for higher pay and smaller class sizes. the district is scam blin blingo bring in sun dread hundreds of substitutes. joe lieberman continuing to criticize freshman congresswoman alexandria ocasio-cortez after saying she wasn't the future of the democratic party. ocasio-cortez responded with a tweet, writing this, new party, who is this? lieberman doubled down, saying this. >> back to a big spending, big taxing democratic party and the democratic party is not going to succeed that way. >> gerri: it's noted leave liebn was sworn in in the senate in 1989, the same year ocasio-cortez was born. an injunction in 13 states the and washington, d.c. is a lawsuit against the rule change moves forward. air traffic controllers in canada helping out their counterparts in the united states during a partial government shutdown. employees at the control center in edmonton decided hey, why don't we buy so

they're red across the board dow opening down by 380 points the s&p down by 40 the nasdaq off by 150. believe it or not we were down by implied almost 500 points earlier on this morning. this is an improvement over where we were about 45 minutes or an hour ago the ten-year u.s. treasury note yield dipping again, 2.66% the last trade there two-year at 2.49%. it is a sea of red across the world. weak china data dragging asian markets lower. china's manufacturing activity contracted for the first time in 19 months. as a result the kospi is off by 1.5% shanghai off by 1%. and the hang seng off by 2.75% markets in japan are closed still in observance of new yearl julianna tatelbaum joins us live from europe with more. >> new year, same story. that's what we're seeing in europe it's a negative day across the board. we're seeing losses nearly to the tune of 2% over in france. across every region stocks are trading lower. those trade sensitive macro sectors are faring worst basic resources, banks and autos are trading significantly lower today. that's on the back of the weak china data we had

more than 2% on the tech heavy nasdaq.'ve had two different manufacturing reports on the chinese. it's actually put a lot of pressure on global investors. this is global folks. arizona pounded by a rare snowstorm. nearly a foot of snow falling in some part of the state. it issues a freeze warning through this morning. it is strange to see the amount of snow especially in southern arizona. >> certainly few c inches of snow in southern arizona it is an event. you can see the temperatures where it is cold across the we are still very cold across portions of texas as well. it is gonna be mainly a rain event across portions of the gulf coast. over parts of texas. arizona and new mexico as the next southern system moves in. here is the future radar. still getting the snow across there. we have the mixing across central texas even parts of north texas into oklahoma. the winter weather advisories today. travel will be next to impossible. stay off the roadways. and then the system will move eastward across the gulf coast even parts

s&p 500 and tech-heavy nasdaq with green finishes as well. nasdaq up 1.25%, 85 points.ll have more on big market moves. here is what is new this hour. preparing to address the nation, president trump will speak directly to the american people tomorrow night, justhe

nasdaq is up 20.s moving higher on opec production cuts and global growth optimism. oil is slightly above $50 a barrel. lauren: european equities are up at the moment. cheryl: the hang seng and hong kong up over 2%. and then there's this. >> i'm going to need you to go ahead and come in tomorrow. oh, oh, i almost forgot. i'm also going to need you to go ahead and come in on sunday too. okay? lauren: a young ceo posts his outrageous demands for an assistant. social media has a field day with it. so will we. "fbn: a.m." continues right now. coming up on 5:30 in the morning. it is wednesday, january 9th. i'm lauren simonetti. cheryl: good morning. i'm cheryl casone. lauren: stocks looking to four days of gains on hopes of a u.s./china trade deal. thdispute may affect many companies' bottom lines. gentlemen, good morning. >> good morning. lauren: are you really optimistic here? >> i think that we're getting back to, say, a normalcy here. we ended up selling off quite a bit because of the risk of interest

nasdaq futures gaining 1.7%, job's report for december awaits.ow-cost fares and short trips changed as other were forced to adapt. 87 year's old. house democrats introducing two bills on first day in new congress one to eliminate the electoral college and another from prevent presidents from pardoning themselves or family, digs as president trump who received less votes than hillary clinton. neither required to pass as they require two-thirds of house and senate. finally, did you hear this, freshman democrat goes off on president trump on first day of new job. >> people love you and you win and when your son looks at you, momma, loves you, bully don't win. we will go in there -- lauren: first palestinian woman making the pledge for progressive group move on. she also called president trump direct and serious threat to america, they should keep talking because all of this talking might hurt them in 2020, cheryl. cheryl: a lot of things changing now that we have democrats in control of the house as of, well, yesterday, representative maxine waters

thaties get their bid from nasdaq -- not that nasdaq, from that apple story, whether we just sort oft got away from it. let's get your singapore roundup on the asian markets. >> yes, then very mixed. chinese markets fall into the close. by 0.8%. trade talks in washington. we have seen south korea close higher by around 1%. japan was weaker today on those overall global worries. australia's market supported by that spike you have seen in iron ore. the afx up by 0.2%. flat in india. let's have a look at currency markets. it has been all about the chinese yuan, the best-performing asian currency, rising by 0.3% against the dollar. saying thisng piece is due in part to the trade optimism and the run on dollar -- chinese renminbi, i should say, ahead of the new year. having a look at the indian rupee, the weakest performing asian currency two days out from the indian budget. singapore iron ore very much in play. it is likely to move a lot of the miners in the european session as well. manus: yes, it is interesting what goldman sachs had to say about that huge discombobulated and in the or

the nasdaq is down 46. cheryl: oil prices in focus after surging 5% yesterday, a little bit of an adjustment today. lauren: this is how european stocks are trading at this hour. they have turned negative. the worst performer here is the cac in paris, down three-quarters of 1%. cheryl: stocks in asia, mixed story, the hang seng a slight gain but the nikkei in japan sinking 1 1/4%. lauren: the government shutdown could affect two giant initial public offerings. "fbn: a.m." starts right now. 5:01 a.m. in new york. it is thursday, january 10th. good morning. i'm cheryl casone. lauren: i'm lauren simonetti. let's get to it. president trump is heading to techs atexas this morning. he wants to boost his case for a border wall or steel slats, after he walked out of yesterday's meeting with democratic leader. cheryl: blake berman has the latest. >> reporter: there was a lot of movement on wednesday with apparently zero movement. president trump met with congressional leadership in the situation room. it appears that

. >> nasdaq's business is doing quite well. technology business, our fastest growing business, we've seen continued really strong demand from new markets as well as from our current clients who really want our next generation technology. so that business has had 10% growth through the first three quarters. our data and index business has had really strong growth in terms of demand for data and our index performance. in materials of ipos, we had 186ipos in 2018 and even with that, the listing applications on file right now are 35% higher than they were at this time last year. so we're definitely seeing a lot of companies want to come to market and so i would say that -- then our trading business, because of the markets and how much they moved last year, we had very strong performance across our trading business as well. maria: i saw the volume was really strong the last couple months. what about that in terms of the ipos. i was surprised to see so many ipos resilient in the face of what start todd be a rocky end of year. do you

nasdaq moved back up 25 points. releasing a bullish note on big banks, all on basis what we talked about early with seth marron of liquid net. banks will benefit from artificial intelligence, machine learning and all sorts of rapidly developing technology. let's go to kristina partsinevelos live on floor of the new york stock exchange to see stock reaction there. >> you're right. the note from barclays is betting big on u.s. bank stocks. what they're saying pretty much doing all the right things to improve customer service including apps on the phone. what are they betting big on? top pick is jpmorgan. increasing price target for that company, to 140 bucks. not the same sentiment for goldman sachs given bribery scandals in malaysia. they believe goldman sachs share price will fall to roughly $247. that is a price cut. barclays says there is a lot of growth comes to earnings per share for the banking sector into 2020 even though loan losses are expected to grow from historical lows at this point. back to you, liz. li

courtney is at the nasdaq. start with you and the celebration we had today >> yes factors at play today. stronger than expected jobs report it is all contributing to the gains we saw across the board. this is evident across that. the big banks and regionals out performed today. the biggest percentage gainers for the week goldman sachs which was the worst performing dow in 2018 making up some of those losses up 7% exxon mobile and ibm next week the focus will turn to trade talks and a number of companies including the consumer side of things back to you. >> all right thank you very much. the nasdaq really stood out today as a leader even as it lead to the downside going into today. we have those details. >> hi. the nasdaq surging more than 4.2% that is almost a full percentage point strangonger than we saw. it is out of that bare market territory and many are the names that are moving higher here today. the faang trade working again today. apple we have talked about it and it is worth mentioning again. not quite

abigail: the dow, s&p 500, and nasdaq solidly higher.he nasdaq biotech index of 3% for a fifth day in a row, its longest winning streak since september. lots of deals helping out that biotech index. but stick a look at all the stocks helping both the nasdaq and biotech index. if we look at amazon and netflix, these shares are sharply higher. is higher, netflix up about 30% since before christmas eve. piper is saying the sub growth of their upside. oncology up on a buyout from eli lilly, $8 billion for their cancer therapies. saves therapeutics also soaring -- sage therapeutics after a study that was positive on one of their postpartum drugs. if we take a look at what is happening for the nasdaq, we are going to see the bears over the long-term, medium-term are still in control. this is over the last year. really not a defined trend between the bowls or the bears. really a battle. over the last few months, the fourth quarter of last year we downtrend,rp telling you the bears are very much in control and this range is holding. we do have a

nasdaq, a lot of the names are nasdaq names biotech, biogens >> you usually get some great things around i bought jpmorgan speaking of and i mentioned it was a gift under 100. i think it is still under 100. i don't understand why it came down so fast but i took advantage of it. good deal with that. >> stephanie link. >> ulta down 20% since it reported earnings. this is great in beauty and retail, trading in a much more reasonable valuation. >> dunkin brands, americans are happy once again today, they'll buy their doughnuts and coffee. >> we'll close out by showing you the market again, just about highs of the day dow up 767 stocks having a good day "power lunch" begins now >>> scott, folks, thank you very much welcome, everybody i'm tyler mathisen rally on the three big catalysts are bringing out the battered bulls today. is it a rally to build on? or just a flash in the pan dovish comments from the fed chair powell today, that's one of the catalysts saying he will be patient when it comes to rate hikes in 2019 and beyond we have the details on that straight ahead apple in correction ter

dow up 8, s&p and nay nasdaq slightly lower.ing up, remember when then president obama apologized for america and he said this: >> i've come here to cairo to seek a new beginning between the united states and muslims around the world. cheryl: mike pompeo ripped the obama administration's middle east policy during his visit to egypt. and if you are one of the few who share their netflix password, you're going to want to stick around. we've got bad news for you and your free loader friends. you're watching "fbn: a.m.." ♪ that's what you get when you let your heart win. ♪ whoa, whoa. you're gonna love if ythe best of geico.ercials, it's geico's all-time greatest hits back on tv for a limited time. and if you love the best of geico, you're gonna really love voting online for your favorite. you can even enter for a chance to appear in an upcoming geico commercial. this fire's toasty, linda but the best of geico collection sounds even hotter. to vote for your favorite geico ad and enter to win, visit geico.com/bestof. that's geico.com

get e*trade's simplified technical analysis. >>> the nasdaq outperforming all day.est movers. >> outperforming the month, as well the nasdaq on pace for the best month here could be perhaps since 2011 if these gains hold up and it is really the big caps that have been outperforming today and this month really interestingly it's the fang names that helped move up facebook and amazon alone are responsible for about a third of the nasdaq gains this month and despite the fact of correction territory in the case of facebook small caps fared even better in terms of gains russell 2000, a lot of that led by bio techs bio techs having a huge month this month and incredible considering the fact of bio techs that were not able to go public because of the shutdown and concerns of how the shutdown will impact drug approvals, nonetheless, among the best performers this month. and in fact, when you look at the overall bounce back it's some of the worst performers in the fourth quarter that have really seen people come back in and apparently find some value or at least bid them up

we are live from the nasdaq market site in times square.ky quick along with joe kernen and mike santoli. andrew is off this week. we have big news out of china this morning the futures this morning, you can see the dow is indicated up by 290 points. this comes after decline of 66

look at the nasdaq. what a gain here, up four full percentage points, 262 points for the tech-heavy index. we have some members of the white house apparently packing their bags for a trade trip to china. president trump did mention that trade deal, saying he expects something to be struck. others though stuck in washington, attempting to end the government shutdown, now firmly in day 14. president trump says he stands firm, he's demanding that deal on border security in order to solve the shutdown and he spoke in the rose garden saying moments ago the border continues to be a dangerous problem. he also was asked about apple. this is interesting. i looked, we said apple was about 4% higher, remember it lost nearly 10% yesterday, when the apple subject came up, apple had of course warned after the bell on wednesday, forgetting my days here, after the bell on wednesday, saying china's economy is slowing. that totally gyrated the markets. today we had a gain of about 4% as he brought that up. here's what he

see the nasdaq up more than 1.5%. nasdaq -- netflix is gaining.is looking like a sentiment driven move with big moves across the board. we saw the u.s. dollar strength and that is affecting the 10 year treasury. it did decline with the yields moving higher there. >> we are keeping our eyes focused on what happens with brexit. vote is happening this afternoon. we are feeling the pessimism of that in a widely unpopular brexit built being voted down. pessimism is being found in the british pound. the pound dollar is where the weakness is being felt. that is against the euro dollar. when it comes to the pound, it has taken a hit since the brexit vote. some analysts say that it depends on the margin of loss for prime minister may. that bill is expected to be voted down but it -- if it is voted down with less than a hundred votes, the pound could hold its ground. analysts are coming up with all of these different scenarios. >> it is interesting to see those scenarios. we will be watching the market closely. 100 is the magic number. points withinous that

nasdaq is up 2 and three quarters.n europe, let's check out how the ftse 100 is doing i, it's down 30 today. cheryl: global markets, take a look at asia. flat for the shanghai, the nikkei actually losing about half a percent. lauren: this sounds like something out of the movie hunger games, a game where kids have to diffuse a bomb. the growing outrage this morning, "fbn: a.m." continues right now. cheryl: 5:31 in new york. it's wednesday, january 16th. good morning. i'm share share. lauren: goocheryl casone.laure. the next round of earnings from the financial industry is coming up this morning. topping the list, goldman sachs and bank of america. there has been sluggish loan growth and fixed income results. that's p proven true at jp morgan chase and the same is expected at goldman sachs. we bring in britney domingas to unpack what we've heard and what we expect to hear. what do you make of the earnings we've seen thus far? what's the bottom line to you, the message that's been received? >> yeah, we're seeing the exact

the nasdaq was the worst performer.t dropped more than 17% >>> two big market moving events to watch this week both happened five days from now on friday -- >> no. no >> okay. all right. the december jobs report, that data will be released at 8:30 a.m. eastern beyond those numbers we will hear from jerome powell on friday >> getting back into this. >> perfect he will participate in a panel discussion, totally aid ld libb with his central bank predecessors off the cuff janet yellen and ben bernanke will be there. the damage gang of three. if you have not seen it, it's a good piece in the "journal" today in the op-ed pages, that seth will have to talk about the fed's obama era hangover still kind of interesting that maybe we're paying the piper a little bit i hope it doesn't get really big paying the piper for this. i'm worried. i don't know >> the other thing tom lee thinks is that this is a midlife crisis for this market he points back to past times where that's happened. he looked at the run you saw from 1974 up to 200

s&p 500 up ten points, one third of a percent and nasdaq of 56 points, almost 1% on the nasdaq. and we are expecting the recorded gdp numbers in a week and this post metadate but delayed because of the government federal reserve decision coming down later today we will hear what the chairman dipaolo says about the unwind of the balance sheet and where we are in terms of economic growth. that certainly typically market movers will watch that. of course, the brexit vote with a lot happening. [inaudible] mixed performances in asia over night to take a look. big mover was korea. our top story this half-hour is lawmakers in washington facing a new deadline to avoid a government shutdown with little more than two weeks away. funding of the border is still a sticking issue for both sides and joining us right now is former new jersey governor and author of the new book, let me finish, chris christie is here. it is you, governor. thank you for joining us. galatians of the book. i was reading experts and i started reading it and your intro was chilling. why did you write this book? >> the

meantime the dow is only down 59 points, the s&p near t ft hela line and the nasdaq is higher.y with us work, would you want the one the experts at rootmetrics say is number one in the nation? sure, they probably know what they're talking about. or the one that j.d. power says is highest in network quality by people who use it every day? this is a tough one. well, not really, because verizon won both. so you don't even have to choose. why didn't you just lead with that? it's like a fun thing. (vo) chosen by experts. chosen by you. get six months apple music on us. it's the unlimited plan you need on the network you deserve. now buy the latest galaxy phones, get galaxy s9 free. >>> welcome back to "squawk alley. a mix of the fed, china and earnings driving stocks lower in 2018 do the same caution signs from last year hold true for this one? dom chu is back at hq taking a look at the wall street road map for 2019 and those caution signs that investors should be watching at the beginning of this new year. dom. >> all right so there are a lot of potential catalysts for what could d

is where you will see a lot of damage being done the nasdaq down by 175 points.et's bring in darrell cronk from wells fargo thank you very much for joining us the interesting part about these moves, we will open down by roughly 1.5% for some of the major indices here in the united states that's a stumble, it is not a tumble how much of this move in apple is going to reverberate across the markets? how deep could the markets shrink because of what's happening with apple specifically >> obviously it matters. it takes us back right to where we opened up yesterday morning on the back of weak pmi data coming out of china. so i'm not sure that it's a massive move lower i think the key for us as we just look at the apple news is the spill through implications to suppliers maybe more importantly two other components what it means for fourth quarter earnings season, which we're just getting ready to kick off in the next week, and also if apple or the tech sector can't resume leadership in the market, mathematically it becomes difficult to take out the old highs or move su

nasdaq higher

the s&p 500 was up 41 points and the nasdaq up 155 points at the close.100 is up about 30 points, the cac in paris is up 5 points, the dax index is lower by 22. asian markets mostly higher overnight with the exception of korea. parents beware, what you need to he know about the expanding ibuprofen recall for infants. we've got the story. so much for the chinese pulling out of chinese real estate, a chinese billionaire reportedly ready to spend big money for an apartment in new york. we'll tell you how much. the next step of artificial intelligence, a robot taught itself to play jenga. we'll have that coming up. trade tensions, it's now day two of the u.s./china trade talks china a big topic in the world economic forum. >> china right now seems to focus on macro demand management, the supply side policy has not been stopped and we continue to push forward for supply side structural reform. >> china is at the moment he reacting with demand side measures, both easier monetary and fiscal policy to cushion the economy against cooling. the more important measur

higher, theht nasdaq up 4/10 of 1% at the high. the nasdaq yesterday moved up 2.4%. it will be interesting to see how the way moves out. the measures are contending with weak economic data you are talking about. we have some strength for the dollar. let's take a look at the bloomberg dollar index. manufacturing data is not just week in asia and europe but also the u.s.. fed will release their manufacturing index, the worst since 2016. index, now back on a 50 day moving average. it will be interesting to see how that plays out as time continues in 2019 if a technical range can be broken. -- movers, the nice that take a look at tesla, down 7% after model three deliveries for the fourth quarter disappointed plus they are cutting prices on all three models by $2000. high, on pacee for its best day since april 2015. the worst stock in 2018 is now reversing. investors taking a flyer on a stock that was down 57% in 2018, it's worst record year since 1992. some health care names and managed care and insurance names -- this as democrats are set to take control of the house. s

this morning dow's up 94, nasdaq up 23.envoy from north korea was come to washington to speak to mike pompeo and potentially president trump. there could be a second summit between president trump and kim jong un. they have not met since kim agreed to work toward denuclearization of the korean peninsula last june. alexandria ocasio-cortez, aoc's first speech on the house floor broke a c-span record. c-span tweeted out the video on wednesday and since then it racked up more than 2 million views, 13,000 retweets and 45,000 likes for a c fa c-span speech. jamie dimon is being paid more than ever before. according to an s.e.c. filing, he was paid $31 million in 2018, most of his compensation is in restricted equity. a solar eclipse is occurring at the same time as a super moon sunday night. the combination will create that super blood wolf moon. it will look larger than normal and have a reddish appearance, very beautiful. the super blood wolf moon will be visible for about an hour anywhere in the country. it's starting at exac

and the nasdaq up a whopping 4%. let's get to steve liesman in atlanta where he attended the fed panel earlier today. hi, steve. >> hey, melissa when you said the words patient and flexible i thought of a runningback and a gymnast. that's what they think powell is now i guess. let's get to key take aways that powell said today here in atlanta. one, flexible on rates two, inflation is muted which allows him to be flexible on rates. three, the balance sheet is up for discussion in a way he hasn't perhaps said before as melissa said, very correctly there, maybe the most important thing was he said the fed can be patient. >> with the muted inflation readings that we have seen coming in, we will be patient as we watch to see how the economy evolves. but we are always prepared to shift the stance of policy and shift significantly if necessary in order to promote the statutory goals of maximum employment and stable prices >> of course, interesting to hear a dovish fed chairman on a day when jobs were 312,000 -- almost doubl

the nasdaq up 59. samsung's shocking warning this morning that just like apple last week, china's slowing economy has already begun to slam both its phone and chip businesses has the thousands of exhibitors here at the world's largest electronics trade show on edge. the korean tech giant slashed its profit forecast and you have got to figure, if the big companies are hurting, how many smaller tech feeder companies that make the parts or the materials, how many of them are in danger of maybe going under? in just minutes and in his only broadcast interview, samsung north america ceo and president tim baxter will speak to fox business exclusively. we will ask him how samsung is dealing with not just the trade war with china, but the tariffs the trump administration slapped on foreign washing machines. samsung has a huge washing machine business. >>> and the chinese company that took ibm's cap talk from the trash heap and turned it into the number one in the industry. in his only interview at ces, we have

nasdaq down three quarters of 1%.e waiting on apple earnings later today and a lot more earnings throughout the day as well. next.ce of power" is this is bloomberg. ♪ david: from bloomberg world headquarters, i'm david westin. welcome to "balance of power," where the world of politics meets the world of business. on the brief today, from london, rosalind on the imminent brexit vote. sarah mcgregor in washington on trade negotiations. and on the plight of venezuela, damien is here. i saw the beginning of theresa may's remarks, where are we now in the process in parliament? rosalind: we are two hours away from the vote on seven amendments, which should go for two hours. there are two key amendments to watch and things are really falling along party lines. one amendment that the government is putting its weight behind, which with their loud the backstop it would begin again. and the other one labour is throwing its weight behind, to put a delay on brexit past the deadline to leave the european union. both votes could be

nasdaq up 109. . . ♪ liz: the transports are tumbling.emember yesterday at this time, the dow transports were the only names that turned green in a sea of red. right now we're down about a percent here or 78 points for the transports. what is in them? fedex, alaska air, ups, j.b. hunt transport. the index spans trains, planes, automobiles but some portfolio picks for hennessey for income manager mark duval focus on transports plus one extra. good to see you, mark, what do you like in the transports? forget today, down one day. big deal. >> good to see you. they are down today. what we like in all three names we're talking about, carnival, fedex, southwest airlines are down in the fourth quarter for different reasons but we think all of them possess competitive advantages sustainable, balance sheets trade at valuations, significant discounts to the market overall. that is what we look with the hennessey income fund. they are well-positioned for income growth and stockholders should be well rewarded. liz: let me get to southwest, to me, reg

dow up 44, s&p up a 5.5, nasdaq up 33. now, of course investors watching the news coming out of davos and all of that talk about a slowdown of the global economy and that remains again today front and center in switzerland. >> what we see is the economy slow a bit but that's not a recession. is it a slowdown or is it going into recession? nothing we see says it's close to recession. cheryl: maria bartiromo talking to the biggest names in davos. we're going to get more on the sentiment coming out of switzerland, it's got us asking here is all of this talk about the global slowdown going to take us into a recession? just talk about it. love may not be dead but one candy staple is. you know what i'm talking about, lauren? lauren: based on the pictures, yes. cheryl: i know. this is scary. valentine's day is coming up, right? lauren: i hate valentine's day. cheryl: i do too. why we may have to find another way to show our affection. may be chocolate. lauren: i think it's on a thursday this year. cheryl: good. we'll blow just ov

the nasdaq the index to watch today, up a little more than 57 points. still ahead, let's talk about intel. that warning of slowing demand really just the tip of the iceberg for the tech sector. it's possible other chip makers may be following. how another tech wreck may be coming. once you hear it, you cannot get this out of your head. ♪ baby shark, baby shark, baby shark, baby shark. cheryl: parents everywhere so thrilled to hear this next story. you may be able to never get this off your television. lauren: i listen to this all day at home and now you're it tg it to me at work. cheryl: you're welcome parents. we'll be right back. ♪ grandma shark, grandma shark, grandma shark. i customize everything - bike, wheels, saddle. that's why i switched to liberty mutual. they customized my insurance, so i only pay for what i need. i insured my car, and my bike. my calves are custom too, but i can't insure those... which is a crying shame. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ to be nobody but yourself in a world which is doing it'

the s&p is down 11, nasdaq is down 32.his morning as we wait for key market moving events this week from china trade to the fed to the jobs report. will the former starbucks ceo howard schultz show a wrench in the 2020 plans, democrats scalding reaction to his potential run for the white house. and why disney's new star wars ride could be worth the wait, literally. you're watching "fbn: a.m.." ♪ [star wars theme] ♪ #r* cheryl: welcome back. let's get you caught up on what's happening. investors will have a lot to watch and the numbers could change but right now we're in the red on this monday, despite the pop we got on friday with the end of the shutdown. dow down 112 in the premarket, nasdaq down 36 and a quarter. the death toll in the brazil dam collapse is now at 58, and hundreds are still missing. officials say the rushing wall of mud was enough to fill a football stadium more than six times. the dam was used to store waste and hud fro mud from mining. howard schultz is setting his sights on being the commander of the

nasdaq is up 34.china and a warning with samsung, keeping tech somewhat in check. and let's take a look at sports. a big night for college football with the championship game between alabama and clemson. jared max has all the highlights in just a bit. and you knew this was coming, a sports being broadcast with gambling front and center. we'll be right back. ♪ a lot of guys try to catch her but she leads them on a wild goose chase now. ♪ and she'll have fun, fun, fun till her daddy takes her t-bird away. lauren: college football's national championship game, a major blowout. cheryl: a major surprise. jared max is here with the highlights. >> i thought alabama would have won last night. call it an orange crush by the clemson tigers, a third national title game between clemson alabama the last four years. alabama was favored to win. they stumbled out of the gate. the opening drive, the quarterback threw an opening interception. they got within 14-13. in the end it was all clemson as you see them celebrat

the nasdaq is down to tense of 1%. this as oil spikes. we are at the $47 mark but we were at 45 a few moments ago. the s&p 500 is down for tens of 1%. the dow is down half a percent. goldman sachs is higher by 1% now. >> you bring up the issue of volume. that is important. my train is empty this morning. if you look at the bloomberg, you can find the function there. extrapolate we can the price action into a useful field. white line is where we are. the blue line is the last 30 days. we are definitely a little light. managers are going to take a defensive position. why trade aggressively when there are a lot of things you don't know? the 10 year yield in the u.s. is way down to 2.7. it is been a different story in europe. the positioning story is an important one. people have to rebalance their portfolios. >> i think we have to be careful. started theple have .ear we will find out more about china next week. situationclassic where everybody expected to come in forgetting about the awful 2018. perhaps people took risk off or sold off some

the nasdaq is up 23 3/4.t after the faa halted them over drone drone worries. arriving flights circled for 30 minutes yesterday after a drone was spotted at a nearby airport. the delay happened around 5:00 p.m. that's during one of newark airport's busiest arrival and takeoff times. teachers in los angeles will be returning to the classroom today after reaching a deal with the district. they brings an end to the strike that left some 600,000 students in limbo. the new agreement includes a 6% raise, a gradual decrease in class sizes and more staff. educators in denver could walk off the job as soon as next monday. teachers voted overnight to strike for more money. colorado may step in and delay the protest. president trump has renominated 51 people for seats on the federal bench. the white house sent a full list of names to the senate after the nominations expired at the end of 2018. nine appointments are for spots on influential appellate courts, including two vacancy on the traditionally liberal ninth circui

here is the nasdaq at its high, folks. nasdaq jumped 79 points.e moderated but well above the lows of the session up 28 whereas earlier we were down on the nasdaq by 31. you're looking at a 51 point swing. market watchers are specifically looking at the 50 day moving average, it moved above that level on the news. that is certainly a bullish sign. here is a three-month chart. we're looking at the s&p below the 3-month high. still up 10 points. dollar suddenly weakened on the report. you can see the uk pound is stronger. that has a lot to do with extraneous headlines regarding brexit. look the dollar is something that, when you have u.s. multinationals looking at it, they would like to see a weaker dollar. that certainly helped stocks. pg&e stocks is flickering. first surging in early trading. doing opposite of the rest of the broader market reversing course. one prominent hedge fund and shareholder, blue mountain capital, is urging the california utility to fight accusation and subsequent bankruptcy that pg&e was responsible for wildfires in north

dow futures indicated up above fair value the nasdaq up by 14.art with some disappointing earnings results or actually some disappointing guidance for some of these big dow components. things have turned around for many of these tstocks >>> all right. coming up, tech earnings the season will kick off with high gear tonight with apple's first quarter. that will be tonight but the iphone maker we already know a lot revenue would be below where previous expectations were when "squawk box" returns, will apple results throw wall street for a loop or is it already in a top analyst weighs in. stick around you're watching "squawk box" on cn bc for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> good morning, everybody. welcome back to "squawk box" here on cnbc we are live from the nasdaq market site

nasdaq indicated up by 62.coming from the strength in apple's numbers or at least relative strength based on what the street had been anticipating also, let's take a look at shars of at&t this morning the company earning 86 cents a share for the fourth quarter that matched what the street was expecting. revenue came in around what the street was expecting around $68 billion that the street had been anticipating the company did fall short of forecasts. that stock is off. $30.02 is the last trade >>> coming up, private planes will be flocking to atlanta for the super bowl this weekend. some of the same ones that we saw in davos, no doubt we're going to talk private aviation, the state of the industry, and much more with wheels up founder after the break. here are the futures ahead of boeing results which are coming out as well. "squawk box" will be right back. endless fields of grain.... a wealth of oil.... and riches beyond your wildest dreams. there's a place where you can find all of this. in a suite of commod

the nasdaq down about 0.6%. we will be right back. bloomberg. ♪ david: this is "balance of power." i'm david westin from detroit from the auto show. joined now by the legendary roger penske. he has that everything. he has been a change of racecar driver and built a team that won more indianapolis 500 races than ever. welcome. roger: real pleasure to have you in detroit supporting our auto show. david: let's talk about the dealer first.you have been a dealer for a long time , one of the largest dealers in the country. dealer, what can you tell us about the state of the u.s. consumer when it comes to buying automobiles? roger: when i look at the consumer today, we are coming off of 17.3 million in the auto business. the economy, we have different economists saying good or bad. i think particularly we have low unemployment. we certainly have strong credit availability. models comingew up from a very positive for us. electrification, though, is really the buzz for the show.not autonomous car's s. and in part david: -- cars. david: and in

today let's get you up to speed following yesterday's very big sell-off take a look at the dow the nasdaq up by 19 after big losses yesterday they're all at least in the extended hours they're shooting a little bit higher apple leading the way here by about a half a percent, and all of them kind of moving to the up side after yesterday's bigger sell-off oil also wti just about a half a percent to the up side about $53.25 brent crude futures up a half a percent as well. $61.84, a big nat gas trade to talk about right now in much of the united states we'll have more on the markets in just a second, but first, to this morning's big news maker, the ceo of dow compoen ebts coca-cola going on the record. let's send it down to the squawk team over in davos, switzerland. becky, over to you guys. joining us right now the ceo and chairman-elect thanks so much for being here today. >> thank you great to be here it's our first live interview of the morning. everybody is feeling pretty good the sun is out here. overall the mood at davos this year seems to be a little bit more gloomy. it kicked off wit

the nasdaq down by 72.nd global concerns about the economy too. >>> we have some deal news prominent in the headlines this hour the first one, newmont mining buying goldcorp. it's an all-stock transaction. it's the second big gold related deal in just the past few months then we have mng enterprises offering to buy gannett this morning. its bid, $12 per share in cash a 23% premium over friday's close. "the wall street journal" had reported over the weekend that a bid was pending. that company is owned by alden global partners. they also own about 11 other newspapers there's been a lot of controversy of their ownership over those newspapers. and of course gannett had tried to buy the old tribune that merger didn't happen. so it's been in play for quite some time. >>> separately, ab inbev may do a partial npo which reports that such a raise would raise billions of dollars and help the company pay down its debt. >>> the government shutdown carries on ylan mui joins us with more. >> everyone is asking how much

>> on the nasdaq here, we invest throughout europe and the u.s.ven our european companies listed on nasdaq have been suffering some of them from the general market dynamics. if you look at the fundamentals of health care, there's wonderful value to be taken there. maria: we'll leave it there. great to have you on the program. thank you so much for joining us. investors are watching for any details out of this fresh round of trade talks between the u.s. and china, lawmakers are in washington, feuding over border funding meanwhile. questiokevin cork islive at the. >> reporter: u.s. officials in beijing hoping to find a way to end the trade dispute with china which has been hammered by u.s. tariffs of. the president of course yesterday made his way back to the white house after spending a few hours at camp david. he said he was confident that things would work out and it would be boom for the u.s. economy. >> the china talks are going very well. i spoke to president xi recently. i really believe they want to make a deal. the tariffs have absolutely h

right now, dow is up 75, s&p is up 7, nasdaq is up 52 and-a-half. laurenand-a-half. lauren: european stocks, mixed performance, ftse is up almost 1%, dax is down a quarter of 1%. cheryl: stocks in asia, the hang seng and kospi posting gains. "fbn: a.m." starts right now. [ laughter ] ilauren: it is 5:01 in new yor. it's wednesday, january 30th. i'm lauren simonetti. cheryl: i'm cheryl casone. a relief rally and a lot of relief for apple investors. the company's earnings report last night, better than expected. ceo tim cook warned of weakness in china and the all-important holiday quarter. lauren: investors are focusing on a significant jump in revenue from apple's services unit. here's ceo tim cook on the conference call. >> in fact, services revenues set an all-time record of $10.9 billion in the december quarter, growing 19%. lauren: joining us now is the founder and chief analyst of disruptive tech research. apple is clearly a company in transition. is it working? you saw the service revenue as particular cook just said, almost $11 billion. gross margin of 62.8%.

look at the nasdaq.t ship, digesting a host of earnings reports, facebook among many. there is key tell i want to share with you that this market could go a lot higher. i will tell you what it is when we come back. ♪ after months of wearing only a tiger costume, we're finally going on the trip i've been promising. because with expedia, i saved when i added a hotel to our flight. ♪ so even when she outgrows her costume, we'll never outgrow the memory of our adventure together. unlock savings when you add select hotels to your existing trip. only when you book with expedia. comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast busine

the nasdaq, the apple trades on the nasdaq, the nasdaq and dow i should say the nasdaq is down 2.5%. 500 down more than 2%. also taking stocks down today, a new report showing u.s. manufacturing activity is slower than economists expected. >>> actor michael b jordan is a new face of coach. the creed star has been named to the men's label. the spring 2019 campaign. the behind the scenes photo show him in a vintage laid-back style. jordan praised the company's optimistic and inclusive values. he looks forward to working with coach. >>> san francisco mayor wants to help high school students get a summer job. the mayor is asking businesses to offer 20 hour per week summer internships to students in the city. she is also asking for donations to the program from companies that don't have work for high school students. chronicle reports alaska airlines has pledged $150,000. google will contribute $100,000. the city wants to raise $2 million to pay interns at nonprofits and government agencies. away for kids to get good job experience. again, we will keep an eye on the market. we were talkin

lauren: the s&p and nasdaq is slightly lower this morning.ng over optimism over global economic lauren: stocks trading to the upside in europe. actually, they have just turned negative. the noticey in london is -- the ftse in london is down. cheryl: asian markets are moving higher. lauren: as the country gears up for a college football championship, chick-fil-a has a special biscuit for clemson fans. "fbn: a.m." continues right now. lauren: it i 5:30 in the mornn new york. i'm lauren simonetti. cheryl: i'm cheryl casone. a lot to get to this morning. reassuring words on interest rate hikes. the federal reserve chairman jay powell on friday hoping to trigger a -- helping to trigger a massive rally on wall street. >> we will be prepared to adjust policy quickly and to use all our tools to affect the economy should that be appropriate. cheryl: does the fed have the right stuff to guide the economy? jonas, were you reassured on friday when you heard the fed chair speak? >> yes, we're talking about soft landings, that's disturbing. the fed chairma

dow down 142, s&p down 17, nasdaq down 57 1/4.ning, stocks may have rebounded so far this year but investors are fleeing the volatility. is this an early warning that right now cash is king? what does that mean for mom and pop investors? and if you are worried that robots will soon take over your job, don't fret just yet. why some bots are getting the boot. you're watching "fbn: a.m.." ♪ ♪ (vo) here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪ my twin brother jacob has an autism spectrum disorder i remember one moment after being at school all day and i remember him getting into the car just balling... and saying: "mom, i have no friends" "why don't i have any friends?" it broke my heart. ♪brother let me be your shelter♪ ♪never leave you all alone that was the moment