we'll talk to the former ceo of sears canada to discuss that when "squawk on the street" returns.just protected his family with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually, duncan got his $500,000 for under $28 a month. less than a dollar a day. his secret? selectquote. in just minutes, a selectquote agent will comparison shop nearly a dozen highly-rated life insurance companies, and give you a choice of your five best rates. duncan's wife cassie got a $750,000 policy for under $22 a month. give your family the security it needs at a price you can afford. >>> welcome back to "squawk on the street." i'm carl quintinilla with sara eisen and mike santoli at post 9 of the stock exchange. dow is up 70, s&p up about 13.5. >>> our road map for the hour begins with stocks higher this morning but having their worst december ever and on pace for their worst year in a decade the dow and s&p hovering near bear market territory. a breakdown of the buying opportunities and where they exist. >>> the president weighs in on stocks telling i

sears trying to turn this thing around. apparently b of a as well as citibank were involved in extending a $559 million line of credit. also in canada, they got involved as well. in addition to that, an editional credit line has been issued as well as lampert agreeing to forgive debt he already owes. in terms of what he would get out of it or what he would take. he would take $1.1 billion in liabilities the company has. he would assume those. he would preserve 50,000 jobs we believe as well as get 500 sears stores, the diehard battery brand and kenmore appliances. he comes in, makes the bid, $4.6 million. where does it go from here? even though this came in before the deadline or after. that takes to us january 4 when sears advisors and the board gets top consider with whether this is a legitimate bid. if so it goes to january 14. that's the deadline when sears has to make it decision. do they want to accept this bid or go to' liquidation. if it goes the other way he's not insulated and we go to liquidation. sears lives to fight another day. we'll go to next week and we'll dough from there. ed a cold, windy, snowy night outside chic

sears has one more shot at survival it's awaiting for a bid to buy the company out of bankruptcy. >>> and a deal to buy one of canada'ssupposed to be mellow, man. i don't like this hostile stuff. it's friday, december 28, 2018 "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >>> good morning welcome to "squawk box" on cnbc. we're live at the nasdaq market site in times square i'm melissa lee with joe kernen and wilfred frost. our guest host is joe terranova. he's also a cnbc contributor we want to start with the markets after that crazy ride we had yesterday. the dow swinging 8

canada. for dealers will inspect ford dealers will replace the cable if necessary.'s >>> square, based in san francisco, signed a lease to move into the new old searsompany signed the lease yesterday and one of the biggest deals in oakland history. it will make square the largest tech company in oakland. the first floor public marketplace with restaurants and stores is also planned for the building. which is now called uptown station. at 19th and broadway right in the heart of the uptown district. in oakland. >>> all kohl's departments are over for now through christmas eve. this is the sixth year of the shop-athon. they are hoping to attract more business and rick and mortar stores but you can avoid the crowds by buying the items at their website or app and then choose the in-store pickup at a more convenient time so you don't have to worry about the delivery. to swing by and pick it up. kohl's up at 7:00 this morning and it will stay up and all the way until 6:00 monday night. so for anyone you might know who has some shopping still to do, i want to remind people. san francisco i'm icon is closing and if the last day. so i might stroll through th