treasury secretary stephen roach and has phoned the heads of the country's six largest banks over the weekend to discuss steps to calm ocket after a week of dramatic losses on wall street nugent called the chief executives of goldman sachs bank of america j.p. morgan chase morgan stanley citigroup and wells fargo who according to a statement confirmed that they have ample liquidity available for a lot of lending the calls came as u.s. stock markets experienced their worst week since the two thousand and eight financial crisis uncertainty over the partial government shutdown has added to concerns key indices tough wiped out all their gains for the here. and for more on what's driving the markets in these last few days of the year i'm joined by chip on the chin ballou my colleague of course will phone call do you think come markets well i mean if the reaction is anything to go by so far it's not doing any of that likely or reassurance that isn't quite the reassurance now investors actually thinking about whether they have to be concerned about the liquidity that he had to discuss with t

treasury secretary stephen roach and has phoned the heads of the country's six largest banks over the weekend to discuss steps to kamarck it after a week of dramatic losses on wall street nugent called the chief executives of goldman sachs bank of america j.p. morgan chase morgan stanley citi group and wells fargo who according to a statement confirmed that they have ample liquidity available for land lending the calls came as u.s. stock markets experienced their worst week since the two thousand and eight financial crisis uncertainty over the partial government shutdown has added to concerns key in the system.

yale university professor stephen roach will be here to tell us that.look at why a hedge fund thinks the tech crowd has further to -- tech rout has further to run. this is bloomberg. ♪ yvonne: all right. let's take a look at your markets on this friday. we are ending the trading week on a pretty positive note here. take a look at what we are seeing. up .7%. of 1% ins up north china here today. there is optimism about trade despite the confusing headlines we have seen and we will see how things play out. not a whole lot of leaders will be in davos this year. taipei also heading higher here today although tsmc actually reversing those earlier gains after some pretty ugly earnings. up 1.3% onng seng the nikkei. strong gains and tailwinds from the street of dreams overnight. let's talk about last year with many investors really wanting to forget about it and expunge it if youeir heads, but invested, you would be happy. it returned 30% last year. let's get back to the morgan stanley 2019 investment conference. stephen engle is there was a man who runs that f

stephen roach is joining me.d morning good to have you with us >> hi, carl, how are you >> i'm good. given everything kayla gave us on framework, did the hill we have to climb to get a deal by march 1st just get taller? >> well, i think the president's tweet this morning is sort of classic in terms of his desire to personalize the deal, the ultimate rise to the top of the mountain as you put it i think the deal will be a weak deal, carl it will be mainly trade, china opening up its wall, committing to buy l and g and soybeans. but the tough structural issues the president was alluding to in his tweet i think will not be resolved they may come to agreement on framework to continue to discuss them i think these issues are too tough to do in the next 28 days. >> but you think the so-called purchase and promise where they agree to buy some goods and shelf harder issues for later, you think that's potentially possible in the next four weeks? >> yeah, i do. i think there's a reasonable chance of that type of framework,

. >>> yale professor stephen roach says apple could be the canary in the coal mine when it comes to the more "squawk on the street" is coming up. >>> let's get to sears after 126 years, the once iconic american retailer is planning to close its doors for goods due to announce liquidation plans later on today they rejected chairman eddie lampert's $4.4 billion bid to save the company and the 50,000 jobs at stake. lampert's hedge fund esl investment plans, too peel that decision joining us is former sears canada chairman and ceo mark cohen, director of retail studies. we've talked about this day for years, in theory, and now that it's finally here, i wonder what your thoughts are. >> well, to your point, as you know, i've been saying for years on cnbc and elsewhere that the die was cast on this miserable outcome in 2000 when sears roebuck's board gave lacey the job. he bumbled along for five years and then handed the company over to eddie lampert the fact is that this is a tale of stupidity and recent events, as you know i've been saying for a very long time were inevitable lampert is pro

. >> stephen roach, thank you. great to see you today. >> always great to see you. >> come on back.rkest hour? >> i did it. was so depressing, i really couldn't. >>> coming up, when we return we're going to talk with one of blackrock's biggest marketers. you don't want to miss mar titi sorre sorrell. he will join us. stay tuned you're watching "squawk" on cnbc but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ the unknown beyond the horizon. that was once our frontier. but today, a new frontier has risen. and this is the vehicle crafted to conquer it. introducing the first-of-its-kind lexus ux and ux f sport, also available in hybrid all-wheel drive. experience amazing at