if she moves to the nec job, he has a much broad are mandate she can get involved in many more aspects the nec job allows you to be involved in technology, in agriculture, in all of the major inpull areas of the economy. you're the chief economic adviser to the president of the united states. it allows you a huge swath of areas where you can delve in and influence policy and work with capitol hill on driving legislation. as vie chairs of the fed, look, you have a very powerful position, but you're dealing with monetary policy. >> which i happen to find more exciting, but that's just me. >> i thought the nec job was a really good job. >> gary cohn, thank you very much. >> thank you, sara. >>> here's where we stand right now. we're rallies across the board we're at new highs the nasdaq up 2.3% small caps are also surging. every sector is green except for energy we have a lot of individual stocks to talk about coming up, what that could mean for meta, which reports earnings after the bell today don't my jeffrey gundlach, his reaction to the fed. that's coming up in "closing bell" overtime

the 1st one was then on the also called the nec him the luxuries we notice. a passenger sometimes gets stressed before departure. ah, progress con. oops, and petting a dog makes them feel much better not to nearly keep. the dogs trainer is passionate about her work, and believes, although airports could benefit from the use of these therapy. dogs, as you do is to indeed there were many situations where i had the feeling that we have supported passengers math very much so people, this is our mission, our survey and i swear it's the best job in the world. bought a photo, shingle made up shop, lots of us fits for passengers meeting. the dogs has clearly made the airport experience a little less bothersome with bosch at this fuss. now, it's a great way to distress tony. i started to worry less. i stopped thinking that, oh god, i'm about to get on a plane, said on some of the canines clearly enjoy it too and have made what can be a rough experience positively. more pleasant. busy nothing like some good dog ponds too. and a news program you're watching dw news up n

i have had a lunches with the head of the nec.e also have lunches with the council of economic advisors. that is the institutional structure. david: does the president ever call you with any advice? did president trump or president biden ever call you? chair powell: it is a matter of public record that president trump did used to call me from time to time. david: what did he call you? chair powell: i have not gotten any calls from president biden. david: when you say i am the chairman of the fed and after make the final decision, is this what we need to do. chair powell: we are blessed, we have 19 people, but there is one thing that unites all of us and that is a strong commitment to get inflation down. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh david: for people who are unfamiliar with the fomc, who is on it? chair powell: there are seven governors nominated by the president and confirmed by the senat

i also have irregular lunches with the head of the nec.e also have regularly scheduled lunches with the council of economic advisors. that is the institutional structure. of our context within ministration. -- with the administration. david: does the president of the united states ever call you with any advice? did president trump or president biden ever call you? chair powell: i think it is a matter of public record that president trump did used to call me from time to time. david: what did he call you? [laughter] chair powell: i have not gotten any calls from president biden. david: when you're dealing with your colleagues and you say, look i am the chairman of the fed and i have to make the final decision and this is what we should do? chair powell: we are blessed, we have 19 people, but there is one thing that unites all of us and that is a strong commitment to get inflation down. ♪ david: for people who are unfamiliar with the fomc, who is on the fomc? chair powell: it consists of a board of governors in washington. there are seven go

howard's coaches were named nec coaching staff of the year for the second straight season such an inspirational story. >> great follow-up >>> we're back with the winners' roundup from the.a. s.gawards >> and dwyane wade's powerful message to his daughter at the image awards bye, bye cough. later chest congestion. hello 12 hours of relief. 12 hours!! hmmm, ok. not coughing at yoga? antiquing not coughing? not coughing at the movies?! hashtag still not coughing?! aaah. oww! mucinex dm gives you 12 hours of relief from chest congestion and any type of cough, day or night. it's not cough season. it's always comeback season. meet febreze's miracle spray. febreze fabric refresher. i literally use this every day, to make my house smell amazing. after i make the bed, after i catch my dog on the couch. so i can wear my jacket or jeans one more time, before i wash them again. it even makes shoes smell fresh. it doesn't cover up odors with scent but actually fights them and freshens. over one thousand uses. febreze fabric refresher. >>> award season is in full swing as hollywood's biggest stars gathered a

glory to the heroes of the crossroads to the nec kharkiv region. the situation is very hot in the area of ​​the matchmaker and is criminalizing, of course, the part of the kharkiv region that still remains occupied , we also do not forget about it. i have information about what is happening there, the enemy went on the offensive at the positions where we were located. i know that it happened yesterday, eh . therefore, we do not have more detailed information, eh, how far the enemy could advance in the forest, and we are gathering information we are analyzing, but they used it during the offensive, uh, there was preparation, uh, there was armored vehicles , and the infantry went, uh, they used to talk about people who can be used as meat . because there is no information yet, we are collecting, and there is a battalion that will replace us already part of us , so i think that the detailed information will be today er today or tomorrow well, we can see that the enemy has started to move and that this possibility, including er, to work out rockets on

. >>> and the new nec chief economic adviser. >>> and a gunman leaves three dead at michigan state university police are searching for ab answers. >>> and the central bank leadership shakeup signaling changes. it is valentine's day. february 14th. this is "worldwide exchange. >>> good morning, good afternoon or good evening. as always, welcome from wherever in the world you may be watching, i'm brian sullivan thank you for joining us here. let's kickoff the hour with the check of u.s. stock futures. they are little change, no surprise i say no surprise because we have the inflation report out at 8:30 a.m dow futures up 29. nasdaq up a little bit don't expect, i could be wrong, don't expect the major move ahead of that. all of this coming off another good day for stocks. all of the averages on monday up more than 1% the s&p 500 jumped 8% so far this year. by the way, that's about historical average for a normal full year. in a few moments, you will hear why one investor in america is weary right now of equities. that's in a minute in bonds, 10-year treasury under 3.7% in energy, oil is down a

i've also had a regular or call it irregular lunches with the head of the nec and we have regularly scheduled with the council of economic advisors and that's really the -- that's the institutional structure of our contacts with the administration. >> and so the way the fed works today, if you could reconstruct the operations of the fed, you know, would you change the legislation in any way? would you think the fed operates in a way that's as efficient as you can realistically operate? >> we're not looking for any changes to the federal reserve act. i think it does work. the structure that i discussed earlier where you've got the 12 reserve bank presidents coming in, what that assures, really, it institutionalizes diversity of thought. we've got different people who have different backgrounds, different careers and they think different ways and i think that's enormously beneficial to our process. >> there's been discussion recently about some fed members. >> fed board presidents selling their securities and maybe not doing everything they were supposed to do in terms of disclosing it. what ha

. >>> and the new nec chief economic adviser. >>> and a gunman leaves three

know what's going to happen with that, the nec is involved in many, many, many things, and she'll beut the other half of me is sad for the reason you just said i think this is -- this is a point in time where the fed has some crucial decisions to make, and it's starting to divide along hawk/dove lines, which has not been true for the last few years. there have been no reason for the fed to be divided that way but it's starting to get divided that way, and it seems clear that lael was the leader of the dove faction, and now she's going to leave >> does any of the recent data, i'm thinking the last payroll print and obviously retail sales today, make you worry about maintaining any kind of dovish stance >> it does yeah a little bit i was extremely disappointed in the change in the seasonals. i had been talking about and writing about the very sharp decline in inflation during the year 2022. there still is a decline, but with the revisions in the seasonals, which rarely happens, the decline is not as dramatic as it was, and then you have jobs, very strong, of course, and retail sales, s

what sectors have vcs focused on >> i think energy is the top of mind it has been more negligente nec dplekt -- neglected. clean energy and renewable energy is top of minding considering what is going on in the world with macroeconomics events longer term with the sustain ability will come into the fold. >> i want to mention just to jump in here the u.s. vice president landing in europe. she officially landed in europe and walked off the plane she is having a conversation with -- we will find out who that is shortly. she is here now in munich. she will attend the munich security conference. we'll be there over the next couple days and has high level meetings planned with european leaders. kamala harris. vice president of the u.s. let's go back to the conversation with. vcs and talking about the fact there is more investment going on in the energy space what about healthcare? healthcare has been one that we have been focused on in the last couple years because there has been more consolidation in the space in the public area. >> correct i think energy due to covid-19 and the spotlight

not just a little broken neck like lots of nec breaks. mary beth mcdade takes it from here. >> imagine plunging 200 feet down. an icy southern california mountain side. breaking your neck in several places along the way and surviving a colorado woman considers it a downright miracle guy gave me a second chance at life. 40 year-old ruth key was in the la area administering to the homeless and volunteering in local prisons around the holidays. then on christmas eve, she hiked up to cook among the peak, the avid hiker was well prepared and kept checking in with family. but on our way back down, things got a bit. i see the crazy thing is that that is my last memory. fortunately a tree trunk stopped or fall for hikers eventually found her bleeding and called for help. >> it took 2 hours for san bernardino county. could copter crews to find her. but because of the severe winds on the mountain, it would take another 2 hours to rescue her. the crew managed to lower one rescuer onto the mountain west of ruth. he hikes over to be. >> and she was in

. >> all right, for more on powell's remarks let's bring in joe lavorgna and the former nec chief economist. joe, great to have you what was your take on powell >> he didn't say anything new, which is good. i think that's why the equity market liked he didn't get more hawkish. the reason for me he didn't do that, melissa, because the senior loan office's survey which they look at closely tells us we're going into a recession because we saw massive tightening across the board, commercial real estate loans, cni loan, consumer installment loans and that's conditioning his thought process. he was dovish and didn't push back against what the markets have been doing and he didn't highlight the fact he thought the employment report was really something that was going to be sustained. >> what does that tell us in terms of what you see in the senior loan officer survey and the tightening they are reporting and the lagged impact on the jobs market we had a hot number friday when do we expect to see that -- if businesses aren't getting loans they won't be expanding or hiring, et cetera. >> yeah, i mea

with treasury secretaries that i've had as fed chair i've also had, call it irregular lunches with the nec and regularly scheduled lunches with the council of economic advisers that's the institutional structure of our context at the administration >> so the way the fed works today, if you could reconstruct the operations of the fed, would you change the legislation any way? would you think the fed operates in a way that's in as efficient way as you can realistically operate. >> we're not looking for changes to the federal reserve act the structure that i discussed earlier where you have the 12 bank presidents coming in, what that assures, really, it ins st - institutionalizes diversity of thought. i think that's enormously beneficial to our decision making process >> so there's been discussion about some fed members selling their securities, and maybe not doing everything they were supposed to do in terms of disclosing it. what have you done to fix that process? >> we have put a new system and a new set of rules in place, which i think are best in class for a public institution like the f

i have regular lunches with the head of the nec.c advisors. that is the institutional structure of our contacts with the administration. >> if the fed would could you reconstruct the operation of the fed, would you change the legislation in any way? do you think the fed operates in a way that you can sufficiently operate? >> we're not looking for any changes to the federal reserve act. it does work. the structure i discussed earlier with 12 reserve bank presidents coming in, what that assures, it really institutionalizes diversity of thought. we have different people coming in with difficult backgrounds, different can requires. they think different ways. i think that is enormously beneficial to our decision-making process. >> there is discussion recently about some fed members, fed board presidents selling their securities and maybe not doing everything they were supposed to do in terms of disclosing it. what have you done to fix that process? >> we put in new system and a new set of rules in place which i think are best in class fo

one of the more interesting points is when he said that, i nec the, the independent national electoral commission, they made a recommendation that they should increase the frequency of information. they are sharing with the public because delays are causing more dis information to spread throughout nigeria, which is, which is causing people to trust less. in the electoral commission. he said that there needs to be an internal review by ionic the electoral commission as to how the uploading of results in real time has been as delayed as it has as it has been, because that is something, as haro said, that is caused so much consternation not just amongst the candidates and the political parties, but also amongst voters who are really worried about what this means from the use side. we also heard, they said that basically this has been a lack of efficient planning, and that's why there have been delays. and that i know these to do more to ensure that these results can be uploaded and gotten to the public in a more efficient manner. thank you for that mom. a jam june, live in missouri is ca

larry kudlow was nec advisor at the time. he was on the hill quite a lock. about the tariffs. you were mentioning the international component. that will be a big part of her job as we enter this new role. per level of respect across the capitol is widely spread. i imagine it will be met with a lot of enthusiasm. tom: i mentioned brainard a million years ago. i had a memory of reading she was just out of m.i.t. the basic idea is she was looking at studying american multinationals in the trade and labor dynamics. in your world is it still like the 1980's or 1990's where we are worried about losing jobs to china or is that history? henrietta: i think that is a huge part of not just the talking points you hear from the president but a big component of the legislation they are passing. i got asked this question by investors. do you have to pay attention to the restrictions we are putting on china, semiconductors and batteries, or the near shoring and for ensuring and bringing manufacturing jobs back to the u.s. and providing $72 billion? it's a combination of bot

. >>> and at the top of the hour, brian deese will join us for his final interview as nec director attner's head to help relieve snoring. so, you can both stay comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. everything's changing so quickly. before the xfinity 10g network, we didn't have internet that let us play all at once. every device? in every room? why are you up here? when i was your age, we couldn't stream a movie when the power went out. you're only a year older than me. you have no idea how good you've got it. huh? what a time to be alive. introducing the next generation 10g network. only from xfinity. the future starts now. >>> welcome back to "squawk box," everyone elon musk says that he might be able to appoint a successor as twitter ceo by the end of 2023, but first he needs to stabilize the company. he made these comments at a summit in dubai overnight. musk saying he thought twitter would be in a stable position by around the end of the year he said he wanted the company to be in a financially healthy place and h

the nec director said it's at the forefront.employment rate in the united states at this level since 1969. the president is 80. the issue he has is this economy is not resonating with the public. the polls are faltering. there was a recent poll that said more than six and 10 americans in needs to address. when it comes to how they are commenting china, the change of economics has not changed. but you can look out for the president talking about export controls. the chip stack. the fact that there are chinese companies with ministers linked to the chinese chemists party. haidi: there is a gap in data. >> the issue is he is facing a divided government. is going to call on excise tax. democrats do not think it's a deterrent. the issue he has is the president was unable to get provisions through a house and senate and the president being a democrat himself, there is no way that this kind of legislation actions he is calling for will get through a divided congress. haidi: stay with us. bloomberg has special coverage of the state of t

we have vice chair lael brainard, top economic advisor, according to -- this is all as the nec director is replaced. that is what we have. yvonne: you have janet yellen as treasury secretary and now potentially lael brainard. two fed officials, former fed officials leading that charge. continuing that fight against inflation that will still be the key theme. david: she vacates -- her white house post would create an opening at the central bank. yvonne: they would need another vice chair. david: that one is open for applications. so, apply at your own risk. rishaad: it is not official, but there you go. yvonne: speaking of another post. rishaad: lovely segway. [laughter] yvonne: we thought it would happen by now but the markets at this point do not care about this official announcement of the boj governor. they have made their bets already it is not amamiya, so if it is ueda or not, this looks like a normalization could be priced sooner than expected. when it comes to japanese assess, .6% higher on the knee pay and topix. take a look at how banks stocks are doing. five-year highs on that

. >> it is a tough job, the nec, and i know she'll do a good job with it.and politics and a lot of politics so she'll be very good >> have you met austin a few times? >> yeah, i know austin >> yeah. >> did he complain that i didn't buy him his tacos yet? >> he didn't mention it. >> i know you think that's top of mind for him. >> he's been quietly silent since he got this big job. which is good. good for me. >> jim bullard, thank you, sir. >> all right thank you very much. >> fabulous interview. >> thank you for helping >> lease maniacs are -- >> you did more. >> i was just talking to andrew. >> coming up, we're going to talk, board room leadership, tech layoffs and recession concerns with docusign chair maggie wilderotter and then a special interview with mike pence at the table, that interview starts at the top of the 8:00 a.m. hour we have so much coming up. don't go anywhere. >>> time now for today's aflac trivia question. in honor of national margarita day, what year was jimmy buffett's hit song "margaritaville" released. the answer when cnbc's "squawk

in life right now over the future of society, would it be as the vice chair of the fed or be at the nect would be at the fed. you know, she'll be missed over at the fed i think she has been a voice for -- what do you want to say, more moderation when it comes to rate hikes, and she has been onboard when it comes to the fed and the rate hikes, but has spoke more dovishly about the inflation and talked about ways inflation could come down without harming the labor market quite so much. she has been tough on cryptocurrency regulation, and talking about the fed doing a digital currency i covered her in the financial crisis when she was secretary of national affairs as well, and she played an unsung role there, and so she will bring some of the international experience, i think, into the administration if she does, indeed, go. >> steve liesman, we will see you in a little bit as we await the big number >> yeah. >>> coming up, a couple senators, marcsha blackburn and richard blumenthal trying to combat the impacts of social media on young teens, and we will discuss that and the rules they are

the merging of the nec is pretty fascinating to see how the vice chair will transition from focusingicy to going at balloons being shot out of the sky. tom: well said and what it speaks to is a generational shift in these institutions. crebo-rediker is totally wired into the beltway structure of it. what she said about brainerd numbing everybody in the room i think is absolutely critical. jonathan: so true. a big leadership role. tom: a different role than what jean sperling had a long time ago. i would let him speak for himself but there is something new going on. jonathan: equity futures up one third of 1%. inflation data in america one hour away with yields 3.6864. next up will be so now this i of franklin -- sonal desai of franklin templeton. ♪ ♪when the day that lies ahead of me♪ ♪♪ ♪seems impossible to face♪ ♪a lovely day (lovely day)♪ ♪(lovely day) (lovely day)♪ ♪(lovely day)♪ a bank that knows your business grows your business. bmo. the morgan stanley client experience? listening more than talking, and a personalized plan ♪ to guide you through a changing world. ♪ this is ge

i believe that we only around 100 raaf only have around 100 raaf typhoons, nurses from nec and he isng feelings on this and we more and do and that we do even more and do whatever we can to stop putin running roughshod the ukraine and and i'm very and indeed europe. and i'm very to that why it's such a to that view is why it's such a good point because there good talking point because there are distinct sides are two very very distinct sides on gbviews@gbnews.uk keep on a gbviews@gbnews.uk keep your views we back ? views coming in are we back? wow. frankly, not too, actually. but thank you very much, everybody has been bearing with us zelenskyy the us here zelenskyy visit the uk. we're talking whether or we're talking about whether or not is going to not the church is going to prevent this game apparently is too soft on terrorists make sure you stay and keep your you stay tuned and keep your views and gbviews@gbnews.uk i'm all in just a couple all yours in just a couple minutes . back, everybody, you're with me. patrick christys gb news. and coming up, we'll be crossing live to dorse