sarat.n you wear it in the office one time so we could see it? >> i will. i'll tell you what i'll do i'm coming back to you guys in the next hour. we'll go through some of the big themes. >> you have it >> i have it with me. >> oh, yes >> because i wore it to work i had to get out to my car i will wear it at 8:45, whenever it is i come back. >> you wear it out of the house to the car >> yeah. because it's dark outside. i wear it out. i go down the walkway. >> you need space for your hands? >> hands free. >> yeah. exactly. it's a head band >> i know what it is >> i can see you walking and jogging. >> for anybody who didn't know it already, dom's a father that was from my daughter. >> promises, promises. >> thanks, guys. >>> joining us right now is lewis alexander. he's u.s. chief economist. we've mentioned sarat is here, too. sarat, i want to ask what you think about where the market stands we've had a huge run up. we're setting records every single day does that make you nervous >> it does a

sarat, thank you for being with us all morning that does it for us today. andrew, have a wonderful new year. >> yes, you too. >> i won't see you until next year. >> merry and happy new year. >> the rest of you, i'll see you back here next week. right now it is time for "squawk on the street. see ya. ♪ >>> good friday morning. welcome to "squawk on the street." i'm carl quintanilla with david faber, mike santoli at the new york stock exchange. cramer has the morning off it is a familiar picture by now. futures up, s&p set, not only for a record high, but should open above 3249. europe's book to work. ftse up, best run in three years. and oil and gold continue to catch bids as well road map begins with records on a roll s&p closing in for the best year since '97. >> the apple surge on track for what will be the best yearly stock rally in a decade. the company is in talks to buy japan's displays primary smartphone screen factory. >> and tesla on a tear shares climb to above 430. the automaker expecting a rollout the first china made model 3s on monday >> there

maybe not just in china, it could be more in europe and the other emerging markets. >> sarat, michael> thank you see you later. >>> coming up, to infinity and beyond from jeff bezos to richard branson. we'll talk about investing in the next frontier with nasa's administrator next andrew, you still want to go up in one of these, right >> i do. >> i'm all for that for you. >> first, as we head to break, deal news for you. dow component merck is buying arqule for $20 a share did you own that one so nice. >> some hedge funds were getting out of it yesterday. >> up 100% this morning. $2.7 billion stock deal specializes in cancer treatments hello. up 101%. stay tuned you're watching squawk you're watching "squawk box" on cnbc what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass. oh boy... the my account app make

. >> asking sarat that question is a great example what tesla has as a problem how do you define tesla? is it a stock you want to own on the institutional side long term no it has not classified itself you want to put in a longer term portfolio holding. josh cites it's in the same place as february of 2017. along that ride it got chopped in half and is not attractive to an institutional long-term holder a trading stock, yes >> it's a trading stock, not an investment i believe it's a trading stock i've traded it many times, scott. i said i'm out it continues to run to the upside as much as i might like it and think they're doing the right thing. >>> to headlines from sue herera hi, sue. >>> hello, be scott. hello, everyone. here is what's happening a federal appeals court has ruled that deutsche bank and capital one must comply with a congressional subpoena for president trump's financial records. an attorney for the president calls the subpoena, quote, invalid as issued adding the decision may be appealed to the supreme court. the national retail federation says thanksgiving weekend dr

in a sarate development, iraq's president, rham salih, is facing backlash from iranian-backed partieshisusal to designate their nominee as prime minisctr. salih's ren was in response to months of iraqi protests demanding more independent candidates and political reform. the latest happened today in baghdad's tahrir square, as anti-government demonstrators marched and voiced their support for salih's decision. as ( translated ): as a protester, i see i heroic action by the president, because he rejected one of the candidates by the political blocs. because he was rejected by the protesters in tahr square. the political elites didn't do anything in the past 16 years, and there won't be anything in the future, if the same names remain. >> nawaz: salih said that because iraq's constitution does not give him the right to reject nominees for prime minister, he was prepared to quit. we'll have more on anti- government unrest in two other countries, iran and india, later in the program.at east 12 people died today after a passenger jet in the central asian cotry of kazakhstan crashed shortly aft