let's get to our guest host tom farley farpoint chairman and ceo.former president of new york stock exchange. >> i agree with becky. i think they want to signal as little as possible because in march you have two these two binary events that are going to have tremendous impact on global growth, brexit, and china/u.s. trade relations so don't you think that they're trying to hunker down as much as possible to see what happens as of march 31? >> i do. and i think one of the lessons this fed and maybe all feds will learn from here on in is it needs to be more sensitive to what's happening across the street over at capitol hill and in the white house i think those are the things it needs to figure out. a lot of what the fed thought was going to happen has changed because of what's happening on that side of the street. i think you're right they need to wait and see what happens in march >> tom, how long were you at the big board? >> five years. >> five times four is 20 you saw 20 earnings seasons, basically, while you were there. does this feel -- not th

>>> want to thank tom farley for being with us today. right now it is time for "squawk on the street. ♪ >>> good morning and welcome to "squawk on the street. i'm david faber with jim cramer. we are live from the new york stock exchange carl has -- well, he doesn't have the day off he's on assignment >> on assignment stay focused. >> from the new york stock exchange, 30 minutes from now, you can see where we're headed for what appears to be a slightly higher open european markets, last time i looked up, i think, yes, there they are nicely look at that dax not the best performer of the group. you can see the ftse doing quite well a look at the 10-year note yield and crude oil as well. the november s&p case-shiller report is out showing a 5.2% gain in home prices. >> we don't want that, actually. >> why don't we want that? >> we don't want the fed to see that housing prices are going up, then they feel that the war on inflation must continue to be waged. >> got it. got it all right. let's get to our road map this morning. it does start wit