i'm sara eisen. >> and i'm wilfred frost. a very busy morning on the news front. let's get straight to it. while you were sleeping, here's what's happened in asian trade. china stocks closing lower but off their worst levels of the session. the shanghai comp down by more than 4% at one point. the country's main index have now lost $2 trillion so far this year. new data today sparking more economic worries. china's industrial profits falling 4.7% in december. most of the other major asian markets shrugged off china's performance today. the hang seng and nikkei both closing high. quickly on the shanghai market, it's now in double bear market territory. a bear within a bear, i read this morning. >> what does that mean? >> it's down 20% since its december high but also down off its 52-week high in june, 47%. >> wow, a bear in a bear. not in a bear in the u.s. importantly, we rallied yesterday, even though china fell 6%. that was a big deal. let's check on equity futures. they're under some pressure. you guessed it, oil down, futures lower. they have worsened over the

i'm sara eisen. >> i'm wilfred frost. we look to be in for another roller coaster ride this morning, so buckle up. while you were sleeping, here's what happened in the markets. chi china's stocks got slammed with selling accelerating in the final hour of trade. the shanghai comp dropped to its lowest level in a year. despite efforts to lift sentiment ahead of the lunar new year holiday. a big part of the story again is energy. oil prices sliding back below $30 a barrel. let's have a look at price action today. we're down by about 1%. wti, 29.95. brent just above 30 as we look at things this morning. >> stocks around the world are following asia lower this morning. we're looking at another global market selloff. let's show you what u.s. futures are doing. they've been hovering around negative 100, at least on the dow, pretty much all morning. they're off the worst levels of the session with dow futures now indicated to open down 66, s&p down 7, nasdaq down 24. this after a late selloff yesterday brought the dow down to clo

sara eisen joins us live from the new york stock exchange.rning? >> oh, yes. the uncertainty is something investors hate. looks like the instinct is to press the sell button. headed for another bumpy open on wall street. the north korean news adds to the urn certainty and the geopolitical tension. not a hundred percent clear of the economic impact of it. it comes at a bad time for investors. they're already worried about china. that's front and center this year. how slow is the chinese economy slowing down and what is it doing to its currency. that's caused concerns overnight as well. all of that has kept the pressure on. i want to draw your attention to the price of oil. oil prices below $35 a barrel, both here in the u.s. and abroad. we're looking at levels that we haven't seen since back in 2004. continued pressure on oil as well. and in the sea of red, for stock markets the one place that's working, the gun industry. shares of these gun makers have been on a tear. smith & wesson, one of the biggest ones. finished 12% higher, record high y

. >>> good tuesday morning, i'm carl quintanilla with sara eisen, i'm i'm a simon hobbs an faber.ing news on home builder sentiment. diana olick has that. >> the street was looking for 62, the sentiment came in at 60. we're down from a reading high of 65 in october. we should be seeing sentiment improve given that mortgage rates are low and we're coming into the spring market, though you couldn't tell today. home builders are using words like gradual and modest to describe the recovery. of the three components of this monthly index, current sales conditions were up two points to 67. that was the only increase. sales expectations over the next six months, down three points, to 63. current buyer traffic down two points to 44. that up with still mired in negative territory. 50 is the line on this index between positive and negative territory. all regions were down. northeast, midwest, west down. southbound two points, the west is still showing the highest in home builder confidence at 75. >> bit disappointing there. china's gdp slowing to a 25-year low, that's raising hopes for more

first we got something positive that my colleague sara eisen pointed out this morning on her fabulous show. a front page article in the "new york times" fairly prominently placed, headlined, "u.s. stocks continue slide on fears of slowdown." wow, a one-two punch. first you need the decline to be part of the american consciousness, everyone has to know how bad it is out there before you can expect any legitimate bounce, let alone a bottom. second, finally the fed will feel defensiveness about its new-found hawkishness. nobody wants to be blamed as the cause of the next recession, including janet yellen and company. next, i was glad to see that china for once wouldn't stand in our way. no new economic news from the world's most populous country. there was one hopeful sign. the stock market there opened down, then finished up. now, i'm sure that's just the communist party propping up things all over again, no long term solution there. short term, though, it does seem like the government's buy program has its mojo back. traders know that a market that opens low and finishes up dramaticall

. >> and i'm sara eisen. u.s. equity futures under pressure after two-day gains thursday, friday.gains on friday giving back early action in europe, lightly trading. lightly lower. oil is down. that's hurting futures. s&p futures down one. they recovered a bit. dow futures down 28. nasdaq down 7. >>> here are the big stories you're watching this hour, johnson controls in talks to buy tyco international. johnson controls manufacturers batteries and heating equipment. tyco is headquartered in ireland. so a purchase would let johnson controls cut its taxes by moving its domicile from the u.s. to ireland. but no word on specific terms or indeed if johnson plans to pursue that. >> hillary already said she could have an excise tax. we're watching twitter this morning. the big el upheaval since jack dorsey returned as ceo. the held of the company's product, engineering, media and human resources team are leaving. and twitter will appoint two new board members and high-profile media personalities. twitters by dorsey said all fou will be taking well-deserved time off. keep in mind, it come

i'm sara eisen. >> and i'm wilfred frost. check out shares offa faceboof . advertising revenue soaring 57% year over year. we'll break down all the key metrics and talk with an analyst in just a minute. as you can see, premarket trade up 12%. >> not usual that we see a move like that in the premarket. let's check on global markets this morning. sort of a mixed picture overnight. let's show you what's happening with u.s. futures after they closed lower yesterday. the dow was up about 68 points and gave back all of the gains and then some to close sharply lower after the fed. boeing and apple a real toll on the dow yesterday. looks like we're pointing to a higher start in the early session with dow futures up about 83. s&p futures up 32 points at this early hour in nasdaq futures up 57. europe is seeing slight gains in the early trading this morning. a mixed picture. dax, negative. france and ftse 100 positive. in asia, also a mixed picture with china falling again, closing at the lowest level since december 2014. the nikkei off 0.7%. though, we did see green

. >> and i'm sara eisen. >> our top story this morning, the bank of japan taking the global markets byise. cutting rates below zero for the first time in its history. >> and boy did the markets move on this. japanese stocks swinging wildly after the announcement. the nikkei had been down before the news, spiked as much as 3.5%, before dropping 1%, and surging into the closer, higher by 2.5%. >> the yield on the benchmark government bond dropping to a record low. the yield curve in japan negative, out to six years. crazy, crazy stuff. 0.1%. >> so you get paid nothing to lend to the japanese government. check out the japanese yen. biggest reaction. a nearly 2% move weaker for the japanese yen. stronger u.s. dollar. biggest move we've seen in about a year. that pair does tend to track global stocks. that's why we're seeing a positive reaction. >> 121.35 was the low for the yen on the day. what does this mean for u.s. equity futures? it means green. we're looking at a move to the up side for the dow to the tune of around 110 points. we're just off those highs. the s&p called to open by nin

sara eisen, back to you. >> rick santelli, thanks very much.. 3m, j & j, procter & gamble, responsible for about a third of the gain, have been the best day since december 4th. we'll talk about it when we come back on "squawk on the street." >> it has been a big morning from earnings. johnson & johnson just to name a few. the details on all of them. >> 3m's quarterly results exceeded wall street forecast despite a decline in their overall net sales. the company should cut about 1500 jobs in the fourth quarter says it's recent restructuring moves made it more efficient and position it for long-term success. 3-m did reaffirm it's sales cast of 1 to 3% sales growth. shares are up by about nearly 5%. chemical giant dupont posting a bottom line beat. top line though, revenues came in on the light side of things due in part to the impact of the strong dollar. we heard a lot of companies say that again. the company is confident the cost cutting measures including the elimination of 6,000 jobs. dupont is in the process of merging with dow chemical. a m

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, i'm isimon hobd david faberyork stock exchange. a bit of a bounce here, looking to see if it lasts. dow is up 153. oil relatively stable. shanghai relatively stable overnight. that's built what we got this morning. let's get to the road map. goldman sachs chief executive strategist david kostin is at post nine with his new outlook for earnings for the year. >>> and an exclusive interview with the ceo of biotech rejen remember live from the jpmorgan healthcare conference. >>> and gamestop falling sharply. the ceo joins us live in an exclusive this hour. >>> starting with the markets. joining us at post nine exclusive is goldman's chief u.s. equities strategist, david kostin. david, good to have you back. >> nice to see you. >> we had you on repeatedly. your thesis has remained the same, fading margins. this time you gave a list of companies expected to actually gain some basis points in the market. are those your favorites? >> when i think about it, margins, energy, china are your three big issues to be focusing

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faberine of the new york stock exchange. a lot weighing on the markets not to mention north korea and oil. we are getting some data as we speak. let's go to rick santelli for ism services. >> starting with the older data first. november factory orders down 0.2. if you strip out transportation, down 0.3. close to expectations. durable goods orders. these are for the month of december. headline number on durable goods unchanged. unchanged. if we look at ex-transportation, also unchanged. down 0.3 on what may be a good proxy for business investment, capital good orders, nondefense aircraft down 0.3%. now, let's go to ism december read, nonmanufacturing. 55.3. 55.3. now, this is fascinating. our last look was 55.9 that was the lowest since april of 2014. and indeed it was a read that many didn't expect, 19-month low. this takes the comp further back at 55.3, comping to 55.3 exactly in april. you go to 53.7 in march of 2014. we are showing the chart, so you can see those early 2014 comps. there

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david fabert the new york stock exchange. this premarket rally on the jobs number, better than expected. trying to hold here. dow up 100 points. watching oil closely, which has gone into the red. let's get to rick santelli in chicago. some breaking news on wholesale trade. rick? >> yes. on the wholesale inventory side -- these are november -- down 0.3. this is interesting. last month revised from down 0.1 to down 0.3. down 0.3 was the low of the year from july. now we have to go back to may of 2013 to find a smaller number at minus 0.6. that number pushed us back on the comps. let's look at november wholesale trade sales, down 1%. we expected a number unchanged. last month down 0.2%. down 1%. how does that comp? you have go back to the first month of the year at minus 3.6. how this figures in, you want to see how the fourth quarter trade numbers and gdp ultimately become affected. suffice to say, interest rates are highly unchanged on the day. lower on the week despite what was perceived to be a

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david fabert the new york stock exchange. stocks trying to get stability after that inaugural drubbing to kick off 2016 yesterday. dow down 11 points. >> here's our road map for the next 60 minutes. stocks strugging to recover from yesterday's selloff, but worries about global markets persist. what you should be doing now with your money. >> and u.s. auto sales are expected to hit an all-time high in 2015. will it happen? we'll break down the numbers. >> and is it the time to buy bank stocks? >> coming up later, former dallas fed president richard fisher will join us live, he'll tell us why yesterday's selloff was not as simple as concerns about china or the middle east. >> a roller coaster session in asian markets. stocks ending the day mixed after huge losses and panic selling in china. cnbc's eunice yune yoon has more. >> the central bank injected 20 billion dollars in the banking system, and there was stalk that state funds were in on the action buying up shares. the chinese media had big hea

. >>> good monday morning, welcome back to "squawk on the street," i'm carl quintanilla with sara eisensimon hobbs, david faber at post nine of the new york stock exchange. big selloff in place with data on the way. for that we go to rick santelli. >> we're looking at a november read on construction. it's down 0.4. this is the lowest read since june of 2014. it's the first minus sign since november of 2014. not a good data point there. let's look at the december ism read. 48.2. it's about 0.8% less than expected. get this. the last month of 48.6 was the lowest read since june of '09. so, 48.2, we'll have to really go back a little bit. it's still the lowest read since june of '09. that read was 45.08. on the ism, the new orders component was 49.2. that's actually up from 48.9. maybe this week in particular, carl, the ism employment index should be important. 48.1. it dropped from 51.3. so the first two data points of 2016 certainly are not welcoming in any significant strength, which goes hat in hand with the type of trade we're seeing globally, especially in the equity markets. back to

. >>> good monday morning, welcome back to "squawk on the street," i'm carl quintanilla with sara eisenr, and simon hobbs. crude is a focus, down 2% below 32.50. >> here's our road map this monday morning. with the markets after the worst start to the year, stocks are marginally higher. china's market slipping again. more analysis on that throughout the show. >> apple music hitting 10 million subscribers, taking 6 months to hit that key milestone. >> and the detroit auto show kicking off. elon musk making news with new tesla features. >> amazon the big winner from the golden globes last night, as streamers take center stage, but netflix striking out. >> coming up later, the co of eli lilly, john lechleiter for an exclusive interview. >>> in the meantime, another weak session for the chinese stock market to start the week. shares in shanghai down about 50%. eunice yoon is in beijing with more. >> reporter: rumors in the mark today that the government wasn't intervening and that was the reason for the fall. we saw inflation data that wasn't encouraging and that didn't ease the anxiety abo

i'm david faber along with sara eisen. you can see we're down on all the major averages.haps, because, of course, the bottom there with crude down over 3%. >> oil setting the tone once again. check out shares of mcdonald's though. biggest gainer seeing a boost following the better than expected results. was the all-day breakfast really the key ingredient? with us now jeffrey bernstein, senior analyst at barclays. no doubt about it, the u.s. comp store sales, up nearly 6%. not what analysts were looking for. was it the all-day breakfast? >> the one that definitely got the most attention was the all-day breakfast. people can't get enough of the egg mcmuffins in the afternoon and evenings. >> what else is driving it? what else are you seeing in terms of progress? >> just over the past few quarters, they've upgraded a number of key ingredients. they've really focused on improving overall customer service. actually this month they relaunched a value platform. the mcpick two platform which expected to continue into the momentum. breakfast and value would be the key drivers and

i'm carl quintanilla with sara eisen and david faber. simon hobbs is off today. the moment, whether it's facebook results, oil higher on rumors about an opec meeting, even caterpillar guidance has the dow up 109 points. you can see 4.40% gain on crude. >> let's get to diana olick. >>> pending home sales up just 0.1% in december, but that's from a downwardly revised november reading. it basically comes out to flat in the wash. that is a miss. the street was expecting a bigger gain than that. sales up 4.2% year over year. pending home sales are the measure of signed contracts in december not closings. it's a forward-looking indicator of closing. why the flat pending home sales? realtors say it is no homes for sale. the ability to find homes in affordable price ranges is difficult for buyers in many job-creating areas. home building is grossly inadequate. again, sounds like a broken record, but lack of supply hurting home sales. we heard it from pulte group ceo this morning in their quarterly earnings release which was better than expected. he said builders are bene

i'm carl quintanilla with sara eisen and david faber. simon hobbs is off today.re down largely on guidance out of boeing and apple on a week when guidance from the big large caps has been okay that seems to be changing today. oil is one to watch as we wiwil get inventories in a half hour. apple earnings miss pushing the stocks down sharply. hear what tim cook had to say about the quarter. plus we are counting down until today's fed decision. richard fischer will be joining us to weigh in. >>> and boeing the biggest loser on the dow after a disappointing 2016 outlook. it's 10:00 a.m., so we have breaking nick news. let's get over to chicago and rick santelli. breaking new home sales, rick? >> yes, sarah. 544,000, that's seasonably adjusted. annualized in terms of new home sales. we missed making a new high for the year by that much. 545,000 was our february read. this is february 15th, and that was the highest level since february of '08. so base clip third best going back to february of '08. last months was dinged 1,000 on a revision, that actually was ding dinge

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faberstock exchange. another selloff to the tune of 310 points, oil remains problematic and the s&p is a stone's throw away from the ebola panic lows of 2014. >> markets deep in the red. global equities on track for the worst month since 2009. how do you position now for the opportunity? >> and netflix seeing a huge beat for q4, but the stock now in the red. >> and goldman sachs reporting quarterly results. the company hit hard by legal cost. details on those numbers. >> coming up later on, an exclusive interview with jamie dimon, live from the world economic forum in davos, that's about a half hour away. >> let's get to the markets, dow down 324 points and oil is falling again. ray daleo was on cnbc earlier this morning from davos. >> i think that the risks are a symmetric on the down side. that's why i said before the next major move in fed policy will be towards quantitative easing, not towards tightening. the problem last year is that almost all assets in the world went down in value. t

. >> let's bring in cnbc's sara eisen.ices rising again. there are two big questions right now on wall street. number one, what is the stock market telling us about the economy? are we heading into a resgs? overwhelmingly wall street economists say no in the u.s. we're still buying cars, still buying homes, still creating jobs. as long as that continues, we should be okay. the other factor here is o oil. as the "new york times" reit rates, low oil prices are not bringing economic gains. and slchlumberger is cutting jobs. >> sara, thanks so much. we greatly appreciate it. have a safe weekend in the snow. steve rattner, i saw oil analysts about two, three weeks ago saying we always assumed when we saw oil prices dropped, it would hurt in the short term. i started reading the consumer bounce is not anywhere near where we expected. >> consumers have decided they'd rather save that gasoline bonus rather than spend it. >> you look at how much of a role the economy plays for votes are at the ballot box. >> we can look at it a few

. >> let's turn to business before the bell with consumer's sara eisen. ssure today after two back to back gains for the market last week, still january brutal for wall street. we're looking at the worst month for stocks since back in 2011. we will get a lot of earnings this week, especially from technology players, apple tomorrow, facebook wednesday, amazon and microsoft on thursday and then there is a big central bank decision wednesday, the federal reserve will be releasing a statement, will they acknowledge the recent market turmoil. speaking of technology i did want to mention twitter. interestingly twitter is being left behind in this technology revolution. we use it in the media, key politicians and celebrities use it, but wall street does not like this stock. this stock has been absolutely hammered, it's at a record low, they brought back the old ceo and founder jack dorsey last year and since then the stock is down 40%. today we learn that the exodus continues. four top executives will be leaving voluntarily and twitter is said to be announcing so

learn more at myusps.com >>> sara eisen, what are you watching this morning?a higher start, even though china closed down 5%, we've opinion following china very carefully and oil continues to be under pressure. those two hurdles for u.s. stocks have made it awfully difficult to start the year, though it does look like some relief this morning. it's also earnings season kicking off this week. it will be hard to say whether investors will get any relief from corporate america. we could be looking at an earnings recession, meaning the second quarter in a row where profit growth is actually declining. that's how you define recession. it's because of energy companies suffering off of weak oil. the big banks are going to really kick off ail little bit later on in the week. i did want to also mention macy's, which is under pressure by an investors to look at its holdings and potentially put them up for sale to unlock value for investors. macy's has really been suffering as a result of the warm weather, lower tourist spending and just lower mall traffic in general. on

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. >> cnbc's sara eisen.eting on the zika virus today. the agency's director general says the virus is spreading explosively in the americas. the committee will be examining whether the zika outbreak should be classified as an international health emergency. >>> officials in new york city are set to address the public after at least one person contracted the virus. so far 24 countries from reported cases of the virus. in latin america the virus has been associated with a steep increase in cases of microcephali in which babies have underdeveloped brains. >> several weeks ago dr. dave campbell who is the husband of somebody that works with us said, do you know what you guys reason talking about in two or three weeks. >> zika. >> you will be talking about the zika virus. there was a recommendation to limit travel to areas where the zika virus was and they caved so now they made a decision based on dollars instead of health. he said two, three weeks from now. >> this is going to bubble over. >> you will be talkin