vote in the poll at cnbc "fast money. send us a tweet about a because with all the market moves our erg ers are answinthe burning questions. that's right after the break tonight. we stay with you to and through retirement. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. so, that means no breakfast? voya. helping you to and through retirement. for decades banks have been getting away with it. charging you excess fees. making you wait in line. keeping billions of dollars of your interest. they've been treating you like you're lucky to have them. that's not right. show them who's the boss of your money. you. better is out there. ally. do it right. >>> welcome back to "fast money. stocks taking investors on a big-time roller coaster rye the last couple months with all the crazy moves we thought it was the perfect time to take tweets our first viewer asking ton -- thank you for the questions and the tweets what do the panelists think of the transports and specifically fedex and ups, kar

the cnbc all america economic survey foundoliday spending plans topped $1,000 for the first time inhe 129-year history of the survey. rising to a record $1,100 with gains spread across income age and regional groups. the survey of 800 americans nationwide is a margin of error of plus or minus 3.5%. spondents reported the hirer spending plans are results of higher incomes, showing rising wages and better employment in the economic data mean more and maybe more expense every presents under the tree. yet the survey also found that views on the economy fell the most in the survey's history. the assessmt of the current state of the economy dropped a record 8 points on a quarter to quarter basis with half of public saying the economyce is ent or good. and the percentage saying the economy will improve in the next year fell 5 points. both numbersem however rn at relatively high levels. it might reflect a sense the economy has slowed or can't prove much more fro here. the recent selloff in the stock market dampened american views on the outlook for equities abimpressed overall economic the me

money from the storm and help take advantage of these sudden and sharp ups and downs for the stock market this cnbc special "markets in turmoil" begins right now, with melissa lee at the nasdaq market site in the heart of times square >> good evening. we're live here tonight, because of the massive volatility on wall street. jim cramer may be away but never fear, the "mad money" man is with us tonight to weigh in and explain what is happening and how you can protect your money we start off with the markets, and there's the wild ride today for the dow. lower most of the day. that sun till the bulls came charging in around 3:00 p.m. the dow finishing up 260 points on the day that was crazy, bob. >> you know, melissa, you've been around a long time, too even by today's standards it's been wild in the last two days look what we saw yesterday, a typical drop mid morning, that was yesterday. the dow goes into negative territory at the lows for the year then it turns around and stages an 1100 point rally but it doesn't hold today, we open, down over 200 points and we begin the long 871-point rally. here's

. >>> in addition to watching us on the show, you can follow us on twitter, streetsignseurope@cnbc you can tweet us directly. >> only nice tweets. >>> coming up, as france braces for act four in the yellow vest protests as key paris attractions are ordered to close and key football matches canceled refthe break >>> welcome back it is a big day for markets. non-farm payrolls coming out but we also have opec. we have some flashes in the last couple of minutes outside of a russian energy source saying russia is ready to cut oil output by around 200,000 barrels per day if opec offers to cut by more than 1 million barrels per day. this same energy source says iran, not russia, is now the main obstacle for an opec plus deal a short while ago we heard from the saudi energy minister who said he's not confident there will be a deal today now we do have -- well some headlines from a russian energy source saying they would be considering cutting up to 200,000 barrels. we've seen a bounce back in oil on the back of that. >>> in addition to what's going on in the oil markets, the other big focu

doug merritt doing a great job stay with cramer >>> the cnbc app has new features just for you with real-timearket data, get stock quotes, and get your own personalized alerts. keep up with top videos. get the latest podcasts. and now you can watch cnbc live with a daily free preview. >> let's just say it's your opportunity! hallelujah >> the cnbc app. download it today. who says our bank isn't tech enough? everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2 or 3, hours. why the delay? cognizant is helping banks use digital technologies at scale to advance speed to market. >>> something happened on friday while the market was melting down that you may have missed entirely we got one of the most anticipated biotech ipos of the year i'm talking about moderna. mrma a lot of help, a lot of hype a lot of help from the street. after lot of hype also from the street but, man, they really could not have picked the worst day to bring this darn thing public as the averages colla

. >>> with us now on the cnbc news line is fast money trader, guy adami. t's talk about the markets, china very much a part of the emrn emerging markets picture. what is the price action telling you now about how things are developing with regards to the u.s. and the rest of the world >> good morning. you know, the question we've been asking for a long time is, you know, is the u.s. market going to trade down and catch up to emerging markets or are emerging markets going to bounce and catch up to the u.s. the short answer is they'll meet somewhere in the middle in terms of the price action, that's what you're seeing. we're always looking to cast blame and figure out what the cause of these things are. obviously everybody wants to blame the fed on one side, the chinese trade tensions on the other side you look and say the move in crude oil from 75 down to 50 has nothing to do with either. the move in specific stocks, facebook, nvidia, google, amazon, has nothing to do with those things so we want to cast blame and say these are the reasons why, but quite fra

. >> we'll talk about that later there is the opening bell and the s&p at the cnbc realtime exchange ard today. it is brazilian mining company vale >> you guys are more experts than i am. >> i don't know about that >> it is a term of endearment. bnp paribas are doing the honor as well. >> i had gary freedman on "mad money," we went through an extraordinary gallery, the meat packing district he told me listen -- i am going to buy a million dollars worth of stocks. he bought some at 26 and 27. i said that's going to drive the stock. i was so wrong they reported. this is not an idle. this is one of the great mer che kma chants of our time you got to go, everyone when they visit new york should try to go to the amazing rooftop restaurants. >> it is one of the most exciting places that i have been to >> i went actually >> really? >> you know how great it is. >> it is all right >> oh my god >> it is in a cool building. >> i am never shopping with you or go to restaurants with you. >> i have seen many buildings. >> there is a lot of cool place going on here. >> just to go there? you are unbe

despite the concerns, 98% of respondent to the cnbc fed survey think the fed will still hike rates by a quarter point. but they backed off the outlook for rate hikes in 2019. at least what. the 43 respondents including fund matagers sist and economists lowered the estimates for the number of hikes to just under two. before the deent are debate was whether there was two or maybe three. the reason the group thinks the fed ought to hike is because they think the market has fallen too far. 63% say the selloff reflects too pessimistic an ouook. the biggest threats to growth are stene as protectionist trade policies slowing global growth and a fed making a policy miake. amidhe worries respondents up the probability of a recession in the nieskes yr to 23%. that's the highest level for the trumppresidency, four points higher than the long run average. but it surged h before ash as 28% and not resulted in a downturn. the fed has a choice to make ane arket bet is that it hikes by a quarter point and holds off some next year. for "nightly business report," steve liesman. >>> and it' no secret th

joining us now on the cnbc news line is tom wright he's a reporter from the wall street journal he iserally one of the people who wrote the book on this the book as we've talked about on the air is called "the billion dollar whale." tom, we appreciate you joining us on short notice are you surprised about criminal charges being filed against goldman? >> yes, i am surprised by this last month it was announced that there was criminal charges, indictments against goldman individuals. leitner has pleaded guilty to misleading the firm and stealing money and bribing officials. this in ma sharon shah -- malays a criminal charge on the issuance of the bonds from which the money was allegedly stolen. >> tom, i've read your book, by the way. i think it's one of the best business books in a long time. congratulations on that. my initial reaction coming to work this morning is this is probably -- seems more like the malaysian government's attempt to save face with an angry populus. >> reporter: well, of course goldman is saying it is misdirected and it is going to vigorously defend it i agree wit

let joining us now on the cnbc news line is gina sanchez first off, we'll get to the markets in a minutewhat's your take on this mnuchin letter >> it feels a little bit like something that is contrived to create a distraction that's the first thing i thought. >> so would you fall into that semi conspiracy camp that elan and i waxed poetically on, that the call may have been more about the federal reserve chairman but you needed a reason to make that call? >> i hate to consider myself a conspiracy type person, but i think that might have been the m.o. if something threatens to take the news cycle, then the intent is to create something else that will take, you know, take attention away from it quite frankly the idea of a president even inquiring about whether or not he can remove a fed chairman, that is really contrary to the whole independence of the fed and the mandate it has that easily and quite frankly it's still part of the headline. this just simply takes away distraction. during the holidays, when most people are trying not to think about the markets, things like this will force y

that's the cnbc news update for this hour. d it back to the gang at "squawk alley." >> thank you very much. >>> european markets are about to close not a good day there they never got a chance. >> european stocks erasing early morning gains to finish in negative territory across the board. the german dax on pace for the worst year since 2008. four of europe's six largest economies saw the benchmark indexes fall into bear market territory. france could be the next one to hit levels closing in on 20% decline from the high in may meanwhile, more disappointing economic data from the uk. holiday sales off to a mostly lackluster start, raising the prospect of more disappointing news for retail sector investors, following a year of profit warnings and weak earnings growth, according to springboard, a company specializing in retail data. shopper numbers were 3.1% lower on boxing day, yesterday, compared with last year. foot traffic on boxing day has now declined for three consecutive years, that in contrast to upbeat figures for u.s. r

. >> i want to show the viewers a wall we built back at cnbc hq. president trump last year tweeted about opec zero times. none he's tweeted about opec nine times this year. the organization is definitely on his mind. that gives the saudis a fine line to walk politically >> they absolutely have a fine line to walk president trump has been a stalwart supporter of the crown prince, he's linked his support to keeping prices low, keeping the taps over. at the end of the day saudi has their own budgetary needs. the imf estimated thee need $88 to balance their budget. so who will they put first president trump or their own domestic needs if they come out with a cut today, they will have the russians on the stage. it will be a message to president trump saying we're not doing this by ourselves, you're taking on president putin as well >> the saudis want to come out with a cut but get political cover to say it's not our fault. >> yeah. we didn't do this alone. we're protecting the interests of consumers and producers they're not talking about pushing prices

>>triplet's get to the opening l at the cnbc exchange she's the first.ess development company celebrating its anniversary. newtek, tesla is on the wire as they name two new dependent directors. katherine thompson and larry ellison. oracle fame who have said in the past must know quite well. >> he has been a fan and big shareholder of tesla >> he went off script at the oracle not too long ago, he praised elon musk, we have that. >> my second largest investment, i am very close friends with elon musk and i am a big investment in tesla. >> crazy that was a year in which elon musk trying to get his company private. >> it is well off its highs but it is off nice you are seeing some criticisms at this point. as an independent director to oversees -- not only he thinks he has a friendship with musk and his own company, it is not one to submit to broader over sight necessarily, he has maintained some control. i think obviously i think other choices are interesting as well as somebody operated in a majority -- >> kellogg's before walgreens. >> board structure, le

johnson & johnson ceo defended the company in an interview with cnbc, after a number of media outletserials sometimes tested positive for asbestos the firm saw its worst trading day in the last fifteen years on friday speaking to jim cramer, they denied the allegation and backed the materials. >> we unequivocally believe that our talc, our baby powder does not contain asbestos and that's demonstrated in thousands of studies, studies not only conducted by johnson & johnson but studies convicted by independent authorities, well respected authorities, and by the way, throughout this process, we also not only used the best testing methodologies that were available but we continued to improve them through the years. >> renault and see san executives are to meet in amsterdam. tensions have risen at the partnership after nissan called on renault to listen to reasons for firing who was arrested in japan. the french car maker has pushed for a shareholder meeting. >>> cut by 3 notches citing the company's increasing debt following its $62 billion acquisition of shire which has closed to rise al

at cnbc global headquarters. break out the advil because it looks like the fed hangover is here to stay wall street is struggling for gains this morning following yesterday's another big selloff. your trading day set up. that is straight ahead. >>> defense secretary jim mattis handing in his resignation that fallout ahead >>> and then a shutdown showdown congress has until midnight to pass a spending bill and avert a government shutdown. we are live in d.c. with the latest >>> nike beats, but it is what the company said about china that is grabbing headlines this morning. those details ahead. >>> ready, set, shop it is crunchtime for retailers as we head into the final weekend before the christmas holiday. it is friday, december 21st, 2018 "worldwide exchange" begins right now. ♪ it's christmas all over >>> good morning and welcome to "worldwide exchange. brian sulvlivan is off today we are seeing a slight amount of green on the board the dow would open up by 20 points if these gains hold to the opening bell s&p up about 3 poi

the way some people are doing things on instagram, i'd be held accountable. cnbcwho's the customer i like my information. you're back to saying that the customers are the people that are getting -- buying the stuff that they get from me for free i like to control -- i don't like someone being able to sell it to somebody else. that way the customers are selling my info not me i would think the customers are the people who use facebook. >> if you want to opt out, that's fine. >> i mean in general >> the bigger problem is the -- >> fake news >> i think if you read those reports that came out yesterday and the day before, leave aside the partisanship and you're thinking, oh, this is people blaming trump's election on this i'm talking about what they did on everything from black lives matter to polarizing people intentionally. it was a huge success. >> do you believe there's actually going to be real movement in washington on this issue? >> no. because i don't believe -- i mean, watch those congressional hearings the guys had no clue -- >> but it's yap yap about this t

. >> now we'll get to the cnbc bu or not.port. >> i like the popping out of the box part. >> somara isack after the break with the timing of the wet weather we've been talking about. >> and why >>> well, they may not create the sameuzz as giant pandas but there's been a momentous event among some other mammals at the national zoo. visitors have lots to see and learn about. >> reporter: queen got her title by giving birth to four naked mo mole-rat pups. they are free of their natural predators, snakes, so workers and soldiers alike help raise the little ones. she's the boss. >> there's no kings, no princes, no prcesses, only a queen. >> it's been 40 years since there was a successful birth here. this were first documented in eastern africa in the 1800s and then mostly forgotten. it happens when you live underground. there's more to the uniqueness the neighborhood mole rat. that tiny mammal may hold the answer to man's most vexing problem. >> we kn that are really resistant to cancer. >> reporte strictly vegetarian and almost blind stlins's litin little light in their network of little d

coming up, deal or no deal the show returns tonight on cnbc with host howie mandel that's tonight at . eastern. howie is going to join us live on set in a few minutes. "squawk box" will be right back. ♪ it's the first day of school. yeah, he's so nervous. tom is letting him know it will be alright. i know, it's a big day. i'm so proud of him. gotta go. ♪ good luck on your first day. just as we help companies advance in the digital era, cognizant is helping people do the same, by investing in skills training in communities nationwide. ♪ >>> rememberin >>> good morning welcome back to "squawk box" right here on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkin along with becky quick and joe kernen. it's a national day of mourning as we remember the life of george h.w. bush you're looking at the shot of the rotunda where the president is lying in state. there will be a formal funeral to honor him later this morning. the futures are trading this morning and will be open until 9:30 a.m. this morning dow looks like it would have opened up higher, if you will.

eunice yoon is live from bay sing i don't want to use the stock market to tell the story, but we are cnbc based on the chinese market reaction, it doesn't look like there was that much positive reaction or sentiment from this phone call >> it was helping a bit. there was a signal sent by that phone call that it looks as though the negotiators still want to have the trade talks move forward even foe there was this arrest of huawei's cfo. so we heard the chinese reaffirming that the trade talks are on the commerce ministry posted a brief statement on its website confirming that the prearranged phone call did happen, and that the three officials outlined ways to push forward the timetable and road map for the next stage of economic and trade consultations. the phone call did send a signal, maybe not entirely to the stock market, but to many people here that the negotiators do want these conversations to continue despite the fact that the chinese had been outraged by the arrest of huawei's cfo that arrest has been seen as a political decision even though officially the chinese government has

backing you. >>> we have a big analyst call crossing the cnbc news line. om buy at hsbc. the analyst blames a lack of catalyst they are cutting their price target from 205 to 200 the stock is at 182. despite the downgrade they see about 10% upside so a downgrade, but one where they see upside as well. just not that excited about the stock again that downgrade just crossing we'll get more on it as the morning rolls on. >>> 2018 almost in the books there's a lot going on i would don't we think about next year and being a little smarter going forward. let's bring in jeffrey kleintop, chief global strategist from charles schwab how is that? >> i love it >> can you make us smarter >> i will do my best what is the most important thing your clients, our viewers, need to know heading into next year >> next year we could see the peak in the markets ahead of a bear market in global recession that could take place late next year or in the year 2020 if you look at 2018, what we can learn from the past year is for all the concerns about trade policy and brexit, those we

the key thing for the market an money on cnbc is the federal reserve meeting. last one of 2019 the majority of wall street believes that the federal reserve will raise rates but not everybody thinks the fed should >> the fed should not raise rates. we're now below 2 which we used to be the fed's target and dropping that is a sign they shouldn't be hiking >> i think they'll probably hike again, there is just so much momentum and central bankers by definition are so conservative and for them to change that quickly would require this unbelievable change. >> the only argument i hear from the fed to raise rates now is somehow they have to exert their independence from the white house. this is a bad argument. >> in terms of fed doing it too fast, there is risk of doing too little too slow. it's easy for lower rates. but the fact is a strong economy normalizing rates is a good thing. >> they shouldn't raise them this week. i don't think they should. the bond market is basically saying, fed, you got no way should be raising interest rates. >> all right joining us now i

bank the power of possible. >>> you are watching cnbc. opening bell in just under two-minutes coming off the tough christmas eve here in the market the president is talking about stocks being a buying opportunity and calling his treasury a talented guy after discussions of mnuchin's future. >> kind of dialing down on the drama. it is interesting, sara, you mentioned that technically we gotten into a bear market level. what i find fascinating is the number of times that the market gotten close to 20% of loss on a closing basis and down it happens in 2011 and 1988, there are folks you can find here arguing with you whether there is a brief market in the 1990 so it is an interesting dynamic. >> what did it close 7 points away? >> for all practical reasons this is the bear market activity my point being it is the index that's a lagging indicator at this point if we are in an instance of a non recession bear market, if this downturn is not predicting the recession, it is a 98 or 87 for them >> a lot of people saw a pretty big game it is been fl

see you back seeing what's happening outside the world of money and business with your headlines. >> here's your cnbcs update. utah will soon implement the toughest drunk driving law in the nation beginning this sunday. the legal blood alcohol concentration for driving in the state will go from .08 to .05. state rep norm thurston proposed the lower limit. >> we really don't want people making the call for themselves saying i've had some to drink, i'm a little impaired. the reality is if you've been drinking you are impaired, at least a little bit and you shouldn't be driving >> the american cancer society says the percentage of cancers linked to obesity varies widely by state from a high of 8% in washington, d.c. to a low of 6% in hawaii. >>> and dash cam video from an illinois police cruiser showing how close the officer and two other cars came to getting hit by a train a car in front of the cruiser there you see it crosses the track, the stop arm is not down. the train comes and just misses the car. the officer swerves out of the way just in time the railroad says a short in the equipment at the cr

that's the cnbc news update. send it back to you >> thank you >>> we have about 30 minutes to go in today's session. let's take a look at the biggest movers bob is here on the floor let's start with you >> we had a remarkable day we opened up and slid down may talking about postponing brexit it a around 12:30 apple helped move the market around it was quite remarkable. ibm opened on the downside it when down to 118 or so and then turned around right after the european close 121 is where it is trading right now. boeing, 325 right now. boeing as low as $315. it moved up about $10 in the last several hours stuff has nothing to do with tech good. it did not have a very good week it too was down early on as low as $43 you can see it too moved up now trading at $44 some stuff is not moving it is again the financial stocks we can't get anything to move in the financials here. gold m goldman i don't think got into the territory. you can see it moving up here at least not down two or three 3 like usual back to you. >> all

you the cnbc numbers or chief executive groups it hit the lowest level since right before the 2016 election a big question is when will the hard looking data, talking about gdp, consumer spending, all of that other information, when will it start to reflect the more forward looking sentiment indicators and confidence readings this may be a blueprint. it has been hints at for months at this point. for now the economic data points to at least a thesis that they are doing okay unemployment, remember, gdp not booming. it is still growing for manufacturing activity still signaling some kind of economic expansion. sara, i know it's something you'll be watching closely >> absolutely. did you say it has dropped to levels before the election >> yes >> so that whole confidence boost got as the result of the trump trade? >> they topped out this is according to the monthly survey of hundreds across america. it hit a peak in january it is down about 16% since then. the key to this month's december reading is the fact that from a november to december basis it was the biggest decline in ceo confidence so

ceo kevin plank will be on "squawk on the street" today, a first on cnbc interview at 10:00 a.m. >>> her stocks to watch today, oxford industries down sharply the owner of the tommy bahama brand reporting results that missed forecasts the company says demand has been slower this quarter and it's cutting its earnings and sales guidance for the full year those shares are off by 11%. >>> shares of tailored brands down more than 27% the clothing retailer is cutting its outlook for the year after sales at its men's wearhouse chain softened last month. it expects comp sales to be in low single digits this quarter partly due to a decline in suit sales. >>> let's get back to the markets. money markets, bond markets, stock markets. debra cunningham from federateden vefederated investors, and jeff, our old friend, from raymond james debra, is there anything you've seen as an investor who has been around for a while in these markets, is this extraordinary, anything we're seeing now that the fed is trying to do? a lot of sound and fury, but i'm not sure trying to go from zero to 3% is that earth

which is the cnbc portion of the beat" is now over. as we get into other issues tonight. the chaos royaling trump world is happening of course against the back droop of these investigations and one on going mystery that's involved this crypt i said case that is now potentially heading to the supreme court. report ly linked to the bop mueller. chief justice john roberts ruling a company has until monday to explain why it is resisting the subpoena. and rudy giuliani using the holiday week. he didn't have to but he chose to. getting back out there and saying well, you know, when he once said trump might agree to give more written answers to mueller. well, that's over. >> you expect that he's gonna have to answer more questions in writing? >> well i think i nounszed about 10 days ago over my dead body. and i'm not dead yet. so. >> that answers that. as a form -- >> -- not answering anymore questions from these people. their outrageous activity s, you know, we did enough. >> had not been formally closed. the loop hasn't been closed. i want to bring in one of the nation's preem

that's the cnbc news update this hour pandas gets us every time carl >> contessa, thank you very much. >>> we are watching president george herbert walker bush's casket leave on the way to what's known as special mission 41 on the airplane that's known as air force one when the president is on it we'll be looking for members of the president's family and secret service detail as it makes its way to the airport and to washington, d.c busy week obviously, lying in state at the u.s. capitol until wednesday, memorial service at the national cathedral we are going to talk about the week we're about to see, thoughts about his legacy well written over the weekend, past 48 hours or so >> foremost legacy is foreign policy because he successfully managed the end of the cold war, he successfully prosecuted the war to remove iraqi forces from kuwait not as successful on the economic front as we talked about earlier this morning there were some cleanup of the deficit and savings and loan crisis that he didn't get credit for at the time but that did benefit the country. more important than that, th

. >> opening bell here at the s&p at the cnbc realtime exchange. n, the dutch insurer doing the honors at the nasdaq, moderna, doing their ipo. >> cliff mason explained this as another wave to go after certificate be kinds of genes. ionis is one i've been following that have done this. they invented a lot of things but also gave away a lot of rights to things i think it's interesting this came to public in this market. there's ban litteen a little pe allerai algeon the one who will tell the most is amgen >> amgen >> amgen they have the great migraine drug fabulous -- a fabulous pipeline. amgen is unable to tell its story. >> and that's because they choose to be uniquely unable to do that or they're inarticulate? >> damned if i know. >> they just can't tell it but you'll help them >> i am. i have a business plan. >>> chevron and exxon helping the dow owut intel a laggard. china at the center of this. >> she's terrific, she's trying to make the case that the service revenues will help, they deserve a higher multiple. i remember when she raised, they d

the trade there. let's bring in kathy lee, a cnbc contributor. e talk about all of the macro factors at play, what stands out to you as being the most profound move in the markets? >> it's definitely not in currencies lately the volatility in currencies has paled in comparison to the volatility in treasuries and equities. for the most part the story is the drop in u.s. treasury yields it's a big deal. it's the reason why we're seeing such a significant selloff in stocks and why we're seeing the u.s. dollar start to turn around and really present itself with some serious weakness. i think the slide in yields indicates the fed's concerns about global growth. the fact that inflation globally is starting to ease. as a result of that many central banks may be thinking about raising interest rates more aggressively like the bank of canada yesterday or the federal reserve's 2019 tightening cycle. we have to pare back those plans and expectations all of that is reflected in the move in yields and is translating to weakness in the u.s. dollar and currencie

that's the cnbc news update this hour scott, back to you >>> "nuunusual activity" is nex with the najarians first a check on the s&p sectors. the s&p is up 24 discretionary energy and tech are leading the way. so lionel, what does being able to trade 24/5 mean to you? well, it means i can trade after the market closes. it's true. so all... evening long. ooh, so close. yes, but also all... night through its entirety. come on, all... the time from sunset to sunrise. right. but you can trade... from, from... from darkness to light. ♪ you're not gonna say it are you? you mighyour joints...ng for your heart... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. so, they say that ai is the building block of the future. super. but today you're building wind turbines. morning sir. chief, the blade isn't passing quality gate. that's why you work with watson. i detect frictional los

. >>> could it be the end of the line for sears? cnbc is reporting ton that the 125-year-old department store chain might be fced to liquid eight if no bids come in to buy the company by tomorrow.ay cnbc sears best chance of survival is a 4.5 blion proposal from it's chairman ed y lampert to buy the company out n ofuptcy through his hedge fund esl investments.gh althhe network says it's the only party offering to buy all of it. but as of today lampert hadn't submitted the bid or come up with financing. finally tonight as we approach the end of theier, thoughts are generaurned to resolves of one of the most popular is getting in shape. well now t you canin at home like an athlete thanks to a new technology attracting some big money. the eric chemy takes a look. >> it may look like like a mirror but this mirror could change the way you look. a mirrorith a built in video screen that instructors leading exercise classes. >> we are going to start off with lungs. step theight foot back touch >> the a former professional baflt that. she says th

back down. >> oil is down almost a bucket and a half there is the opening bell and the s&p 500 at the cnbc'sglobal advisories celebrating the installation of that fearless statue right outside the building we'll show it to you at the nasdaq, ctrip.com celebrating their anniversary. we'll watch for qualcomm >> we'll try to make more sense as we move along the news itself we'll share with you at 9:00 a.m. qualcomm granted a preliminary injunction against apple in china. this court, interimmediate people's court acting on its finaling and qualcomm, this is when you know that actually issued an injunction they say it applies to all iphones. selling them all and importing them and offer for sales in china. that would apply to anything being sold on the internet, too. >> apple responds by saying oh no, that's not the way we understood the dispute we understood it to mean or to be dealing specifically with ios 11 not ios 12, for example, which is the new phones are being shipped withand therefore we continue to sell >> what province is that of the court? >> the apple store and excuse y mm my -- >>

>> yeah. >> we'll have all the outlook of the market tomorrow in the cnbc fed survey >> the outlook ofnd strategists, and market guys >> the fed survey. >> what's the difference between the fed survey and the all-american survey? >> i was going to ask. >> don't join joe. >> he's sensitive in that clarification. >> again and again and again >> don't worry about it. >> these are guys that are economists >> they're economists. they're fund managers and strategists. >> it's about the fed. >> it's about the fed. all-america is all of america. >> no athletes >> no. we left the athletes out of this survey >> okay. they're in the all-america survey okay >>> this year's volatility has shocked a lot of investors but not charlie mcelliot who has corrected many of the year's big moves we've been watching. he is nomura's asset director. let me ask you from the beginning. some of the calls you made, back in january you were saying we were due for big volatility? >> yes one of the first things we saw when i was coming off of my garden leave, you are had the screaming equities market but also a vix up

pgim: the global investment management businesses of prudential. >>> you are watching cnbc, "squawk oning bell is a little less than two-minutes on this busy friday morning. china announced retail sales of 8.1. industrial production, weakest since 2002 fixed asset that came in close to expectations. the stimulus that china start to put in place may be starting to work it feels another painful week for stocks s&p and nasdaq are all higher for the week going into today. what's not higher for the week, small caps, the russell 2000 we get a retail sales report like today and headline numbers does not look that strong. control group, the core of retail sales corrispond with gdp numbers. the worry of the future is what propels the market and the sensitivity around interest rates and trade war. that's why it feels like we are down 200 points and really weakness in some of those key groups like cyclical like technology and financial >> we chop around 26, 30 and 2700 it is just noise until we get a definitive break out there is a opening bell and the s&p at the cnbc's realtime exchange the big

the meeting was a success. one executive said, at least we're not in a cold war, not yet. cnbc business news, beijing. >> well, a 90 day pause but no real agreement there it are d, there are diffe. joining us now is the president of the national associate of manufacturers. and the head of research tragedy and operations at the eurasia group. both to have you both. jay, you sound skeptical isn't even a detant a move in the right direction? >> i think it's good i'm glad to see this type of progress it is interesting as your reporter noted that some of the real issues that have concerned manufacturers for years, intellectual property theft, forced transfer of data, those types of noncompetitive policy are also simply not sustainable in the eyes of manufacturers, so we're very pleased that the administration is hopefully we think making progress on these issues, even if the chinese is not willing to admit it. >> should we be surprised there are two different interpretations? the chinese president has to go home and make the case he came away from this meeting strong as well so perh

you are here on the east coast, you have been watching the markets, a rough year as been said by the cnbcers we have not seen since 2008. we don't like to use those sorts of benchmarks. is something happening in tech right now that we should be worried about? >> i think you definitely have to keep an eye on some of the social media companies. there's a new wariness among some new investors, and that being said we are entering a year in which we will see a high number of official offerings, and so it's a very complicated market. the issue is going to be are w lawmakers and regulators going to do something about it, and are they going to bring huge penalties against facebook, and then if that happens what does that mean for the market? that's going to be where the rubber hits the road for the company? >> talk about rubber hitting the road. which elected members, again, representatives elect, are you watching that might understand that rubber hitting the road? >> i don't think it's so much members who are elected opposed to specific members now sitting in positions of power. we talked about

that matters he's the fed reserve chair >> that's the opening bell and the s&p at the cnbc realtime exchange, new york community bancorp.inc. and ecto connection. >> i don't know if you guys checked the rate ce is pretty good. 3.25 >> you have been recommending for certain parts of your audience >> i have no choice. >> if you need muni time in the next few years and you don't have the rest of your life to make it back because you are not 20 or 30 or 40, cd is better they are a good mix because it is a treacherous market and there is nothing wrong if you are -- i am not close to retirement my father was working - he was 92 thanks to jay powell, you are making a lot of money on cd. jay powell is the savior's santa claus and the stock buyer's grinch >> what do you think of that >> i liked it. >> the economy is down shifting and what can i say >> you know why, david >> it strikes me we got half an hour. we have not mentioned china once, not this speech by xi. he says don't tell us what to do and reiterating some prior policy, initiatives and nothing new there. it feels like the market has moved

cramer is joining us on the cnbc news line and has a lot of thoughts about the rally yesterday. think i was more struck by your piece on the street about the weak fed data and what that says about where we are. >> i love what you said you are bringing in. i think the fed data allows you to say wait a second, this is very strong and now it is weak. we have great christmas sales but we have to stick with the fed. we kind of analyzed this. when i look at the period of october 2011 it was kind of bad. [ inaudible ] that's the most important thing with the trade. i think the president is able to do the trade. i think that is one of the reasons why we have a genuine rally. bi i think you want to buy, not sell. >> you said yesterday on twitter all of these are keys off of oil right now. >> oil peaked october 3. october 4 there were comments about the trade war with china. oil would have bottomed at 43.4 and hold not just that trade which has been so great. it goes off and maybe that is possible because it is at a level where a lot of oil -- we won't be drilling that much in 2019 if pri

wreckage that's left behind. >> multiple homes had debris in their backyards on christmas that's the cnbcdate this hour i'll send it back to you guys. >> thank you very much. >>> crude prices have been soaring along with stocks today. the oil market closing for this day. >> that's right. surging crude prices indeed with gains in both wti and presebren. wti up more than 8.5%. 4,616. wti had the biggest gain today since november 30th, 2016. more than two years ago. this is largely a by-product of today's risk on environment, that same optimism that's moving those equity markets higher and has trickled into the energy market now, the u.s. benchmark plunged to an 18 month low on christmas eve, more than 40% below highs reached a few months ago deep into bear market territory, despite today's moves to the upside. >> even this week it's not positive yet on this big move. thank you very much. >>> stocks rebounding big time today, but before that it fell for four straight sessions that pushed things into a bear market is computerized trading to blame? take a look at this article from the "wall st

i think the broader question that you have been talking about all day on cnbc is really what is the donkey what is the cart is the macroeconomic situation, the slowdown, is that pulling the cart or is it supply and demand remember, there are eight countries, guys, that have waivers from the u.s. government to buy iranian oil so we thought a couple months ago all this iranian oil will be taken off the market you can go to the government and you can request a waiver, eight countries is gotten those so there's a lot more iranian barrels out there than we thought. this decision could come down at any point, guys. 1.5 million could be the bold call we'll have to wait and see if opec even makes a call today >> oh, boy, brian. we're glad you're there. we'll come back to you early enough and brian sullivan is in vienna meantime, the president weighing in on the opec meeting on twitter saying the world doesn't want to see or need higher oil prices and this the cartel should keep reduction as is. this as we continue watching energy stocks tied to oil's recent drop. the vector oil service is etf down

the bell. thanks >>> let's get to sue herera for a cnbc news update. >> good morning, everyone. ing. president trump is considering pulling the remaining 2,000 u.s. troops out of syria. the move intended to allow the administration to declare the four-year american-led war against the islamic state as largely won according to officials but pentagon officials and top congressional leaders are trying to talk him out of the proposed withdrawal arguing such a move would betray u.s./kurdish allies. others are calling it a grave error >>> elon musk unveiling his underground transportation tunnel to reporters and invited guests he says the tunnel is just the beginning and he sees a future for tunnel travel. >> this system is designed to do over 150 miles an hour through the tunnel and wouldn't it be incredible if you could travel around l.a., new york, d.c., chicago, paris, london, anywhere, at 150 miles an hour. >> a tornado that touched down in washington state on tuesday was caught on camera ripping off roofs and uprooting trees. the storm ripped through northern washington causing w

the new year. stay tuned you're watching "squawk box" on cnbc >>> welcome back to "squawk box. sentially flat we're not seeing much of a bounceback following that selloff on chryistmas eve futures slightly higher. we declined 2.7% on the s&p 500 on christmas eve there's crude. getting a little bit of a bounce up >>> 'tis the season for market predictions. 2019 is expected to be one of big change in the auto industry. from slowing sales to automakers thinking who they work with and what they build. phil lebeau has what to watch next year. >> 2019 could be a bumpy one for the auto industry. first, expect auto sales to finally hit the brakes after the best four-year skretrh of auto sales in american history, people have bought 50 million new vehicles many believe the market is saturated. that may be, but as of now, buyers cannot get enough trucks, suvs, and crossovers next year, smaller pickup trucks will see bigger demand ford's bringing back the ranger while jeep gets back in the pickup game with the all new gladiat gladiator. with mid-size truck sales up 22%. finally, the headli

the horizon? let's go ask cnbc's steve sedgwick. hey, steve. rning. >> reporter: good morning, phillip, good morning, marlie. there is no santa claus rally at the moment. it's like the grinch has already stolen christmas. 2% lower for the dow, the s&p down 9%. for the year, the major indices are down between 2.5% and 2.8% as well. banks really badly hit. is it going to get better this week? well, maybe. we've got a big event on wednesday. we think the federal reserve may hike rates, but look out for the phrase dovish hike, i.e., will the rhetoric around the hike in rates, if we get one, be softer than previous communications from the federal reserve? elsewhere, great time, though, for consumers if you're looking for a new car. automobile sales have been really hit. in 2016, there were 17.6 million cars sold annually. in 2018, it's seen as low as 16.8, so that means there are a lot of really good deals, not only on the older motors, but also on more popular brands and models, such as suvs. also, have a look at cars going ex-lease as well. experts

markets did rally strongly while he sat for the cnbc interview saying the fed is listening and not locked into a path of tighter monetary boxes >> we are listening very carefully to what's happening in markets for two reasons. financial conditions have important conditions we take that into account and think seriously about that we are hearing something important and that is a concern around ritzsks, a potential slowdown than we currently expect in our base case. >> it is one of the most important members of the fed setting up a market committee. he said there is flexibility in the plans to reduce the balance sheet next year by 600 question and how big a tone shifts at his press conference said the balance sheet plan was pretty much on auto pilot. it suggests it may take more soothing words >> hey steve, question for you in light of what happened on wednesday you do you think the market is misreading the fed or is the fed not speaking clearly enough >> i think the market thinks the fed is going to go up two times next year it is misreading the fed. i don't blame the market i blame the fed

that's the cnbc news update. i'll send it back to you guys at the new york stock exchange. >>> what does the wild moves we have seen in markets mean for long term markets? steve has the big picture view over there over to you. >> how are you >> i'm very well >> particularly better off >> it's a pretty impressive rally. if you look at the levels we are looki looking at right now yesterday we had a significant bounce off of the 2350 level. that's where you're putting this in sort of perspective if you look at where we were today you go from -- you have to put in your high and low and where you think you'll retrace to today the balance you can see we are about 50 handles off the zone the bounce zone was 2407 all the way down to 2392 you know where we got? 2396 is where we basically did that little hydraulic bounce to get us another 54 handles off the loan what should you be concerned with yesterday's low which was 2346 right? so that's the key. what we are seeing now in the marketplace right now -- and i expect to go

the meeting is expected to wrap up in the next few minutes >>> let's bring in a cnbc con trab uniter. i want to start with you, jeff how serious do you think the threat for retaliation is for america's tech companies and tech executives. >> i think the possibility is quite high up until now, china has responded to american actions by retaliating in measured ways this is an aggressive measure that has unfortunate timing. every american firm that does business in china is vulnerable because chinese laws are extremely vague, people in order to do business have to work in that murky regulatory environment. and the chinese can crack down easily, because those laws are vague and they can interpret them the way they want >> i'm sure you heard john bolton knew ahead of time the arrest was happening does this cast negotiations on the u.s. part whether they can go in and be honest operators and in trade talks with china? >> that fact alone is suspicious this case dates back at least to 2011, when the commerce department was investigating zte. they found a memo that outlined expectations by a co

plus, the fed decision earnings and how to take on the markets all january long on cnbc >>> with the of general mattis, secretary of defense, the outlook for defense stocks in 2019 just got a throughout cloudier. joining us is the research founding partner in defense, carter, great to see you what is uncertain now with his resignation? >> well, look, melissa, i think the entire defense group has gone through a big year. i mean, this was a pretty teflon group of stocks for the better part of five years they went up at first because they were value stocks then they had growth and commodities fell apart it's a very unique group that people flock to as a part for safety but we look at that train came to an end, and people know that the defense budget doesn't necessarily go up forever. it requires a lot of stewardship, to get higher budgets through congress, especially through an era of gridlock so, the group got awfully expensive. i think there's a lot more questions about whether or not budgets will grow as much as anticipated. and quite frankly, companies have done a lot to improve the

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ask your doctor if eliquis is what's next for you. >>> two all-new episodes of "the profit" tonight on cnbc checks on the progress but the store and the owners aren't quite ready for the big day. >> i'm not happy with the fact that you scheduled a grand opening for today when you're not ready. we need to take a next three hours and get it right. >> i don't know that three hours is going to do it. >> why is that >> because we don't have a system at the storage unit boxes are piled on top of each other over there. >> okay. i'm seeing holes everywhere and tells me there's product in the warehouse and stockroom. what universe did he think this was the right day to do it >> check out two all-new episodes of "the profit" only on cnbc. >>> cbs completing the investigation of les moonves saying they're firing him for cause and therefore not paying him any severance. his lawyer has other ideas julia boorstin is following the story for us. >> reporter: melissa, this battle may not be over les moonves' attorney issuing a statement after the cbs board decision to not give him $120 million in severance