Transcripts For CNBC Worldwide Exchange 20240713

One luxury auto make is soaring. Robots and the latest in meats, the latest from ces 2020 as Worldwide Exchange begins right now. Good morning welcome to the show. Im dominic chu in for Brian Sullivan we begin this morning with wall streets massive 200point turn around this time lapse is crazy to watch. That huge turn around midday stock futures looking to add to the gains as investors put that middle east tension in the Rearview Mirror for now. The bond market showing signs of life 10year note about 1. 814 . Twoyear as well in the asia trade, can you see generally green screen all across the board there the nikkei in japan. Over half percent gains out in main land china. The spin of the globe now. We are seeing that green carry over in trading. The cac in france up the ftse up and the german dax up almost one full percent as well going to rahel with more this morning. American airlines has reached a settlement with boeing over the grounding of the 737 max it will receive compensation over several years and will share more than 30 million with its employees. Separately boeing says it will reassign about 3,000 workers to other jobs as it halts production of the 737 max later this month some will shift to the work on the 767 and triple 7 in washington boeing has said there will be no furloughs or layoffs Spirit Aerosystems is offering layoffs spirit makes parts for the max and over half of the revenue comes from parts from the program. They are in wichita, kansas. Shares of as t shares of aston martin down more than 10 the company says it has been hit by lower sales, higher selling and lower margins. When i think aston martin, i think that old rick ross song. I keep thinking james bond. Thank you, rahel stock futures indicated opening up again by about 17 points after yesterdays more than 200point turn around in the market what ha changed in the last 24 hours . Matt, i got to say, i was there watching it through the midday we were joking early in the morning, some what watch, this market is going to shake it all off and finish in the green. We didnt think it would really happen this is a bullet proof market, is it not . It seems bullet proof but never really is. Yesterday showed there is a little too much kplas complacen there. We talked about 28 last year but it was really 38 from the previous christmas day, Christmas Eve of 2018. Just 12 over the last three months, the market getting overbought this is significant news i think the market needs to pull back a little bit. If nothing else, i think the upside is a little bit people with the money, they want to put that to work. They want to jump in with both feet and keep the powder dry this is not because im a bull or a bear but because im a market observer. People are saying this market is due for a pull back for the better part of a year now yet it has never really happened. They havent really had that opportunity to step in and buy what exactly takes this market down if it is not the threat of a real conflict in the middle east a couple of things. Number one, it could be Interest Rates. The thing we are seeing here is even if the economy doesnt approve it we are seeing Interest Rates around the globe move up longterm Interest Rates the german bund, negative rates were quite deep. Now it is back to deep rates in germany. The number has gone from 17 trillion of negative Interest Rates now down to 12 see Interest Rates are moving up that is one of the reasons Interest Rates overshot to the down side last year in the u. S as global Interest Rates move up, they will move up in the u. S. Even as the economy doesnt improve. Earnings last year were zero, flat for 2019. Yet the market rallied as it did. We get to the earnings season, it looks like well have a really good year looking at 8 to 9 growth if that comes in to the midto low singles coming to the year that is a problem. Do you believe then that Interest Rates really are heading higher and what will drive that overhaul . Two things, number one. Like i said. If the situation in the middle east blows up, Interest Rates will go down but the market will go down with it in a flight to the safety trade i do think it has to do with what is going on with christine lagarde. She is pushing for Interest Rates to move higher and move away from a negative Interest Rate in europe because it was killing their banks. As those Interest Rates move up, those rates become less competitive. They can move up as well people wont need to come and buy u. S. Bonds as much as they had. When people talk about, geese, rates will go higher it will be fine because the economy is better they can go higher for that season Interest Rates a certain key there. Thank you very much. Thank you when we come back, breaking news out of the middle east. Dozens of people reportedly killed in iran during a stampede during the funeral for the commander killed in u. S. Drone strikes last week. Plus what tesla is doing right having its stock hitting record highs. We are live with that answer and new details emerging about Carlos Ghosns escape from japan. A very busy hour ahead when Worldwide Exchange returns after this i can. The two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Talk to your advisor or consultant stay resthe new rx,the icon thatcrafted by lexus. Lease the 2020 rx 350 for 419 a month for 36 months. Experience amazing at your lexus dealer. Some things are too important to do yourself. Get customized security with 24 7 monitoring from xfinity home. Awarded the best professionally installed system by cnet. Simple. Easy. Awesome. Call, click or visit a store today. Breaking news out of the middle east. These are some live videos from iran where a funeral procession is being held for the top iranian general killed in a u. S. Air strike last week iranian tv reports 35 people were killed in a stampede at this funeral now in washington, d. C. , the pentagon is breaking with President Trump over his weekend threats to target 52 iranian sites including ones of major cultural significance as the Defense Department plays defense over a leaked draft memo of future strikes in iraq tracie potts has more. Take us through what we should know reporter there is. The breaking news you were looking at those live pictures of what is relative calm compared to what we heard happen this morning these 35 people that were killed and four dozen injured in a stampede during what we know has caused people to pour into the streets as a result of the u. S. Air strike that killed the general in charge of the military there now, you mention that leaked memo from the pentagon that is key because this memo suggested that the u. S. Was already planning to pull out of iraq, before iraq decided they wanted all u. S. Troops out the secretary of defense is saying no decision has been made on that. Also the cultural sites you mention, President Trump said should be fair game for u. S. Attacks and retaliation. The pentagon says no, that is actually a war cry we are following this with the push here to limit what the president can do with the action that he can take congress and get a briefing on the intelligence the u. S. Had behind this attack tomorrow tracy, what is the dynamic now with regard to some intelligence here. We know Congress Wants more information of what is happening, what has happened what is playing out in the Capital Building right now democrats are saying they want to see the intelligence they are not sure it exists and there is a long game of strategy the Trump Administration has had. Was this air strike justified or an overreaction to what had been going on between the u. S. And iran there is tension between the white house and the pentagon over the possible targeting of those cultural sites which is off limits according to International Law but not according to President Trump general Qassem Soleimanis funeral putting a spotlight on what is going on now still on deck, elon musks magic is hard at work. Next, what is next for the company when Worldwide Exchange comes right back announcer todays big number, 100 billion that is how much disneys streaming business is worth including disney plus, espn plus and hulu according to an estimate by barclays the market cap is currently 264 billion. Having your clubs lost or damaged by the airlines. Sending your own clubs ahead with shipsticks. Com makes it fast easy to get to your golf destination. With just a few clicks or a phone call, well pick up and deliver your clubs ontime, guaranteed, for as low as 39. 99. Shipsticks. Com saves you time and money. Make it simple. Make it ship sticks. Welcome back. Youve got ubs higher after an internal memo shows it is overhauling the flagship business in europe the first big change since former Credit Suisse executive joined as the head of that Commission Last year ubs has 2. 5 trillion in invested assets. Microchip technology is up projecting sales this year to be at the top end of the previous range. Microchip ceo says he used the latest quarter as the bottom of the turn and expects revenues to grow in 2020 shares of tesla continue to march higher after another record said yesterday. Boosted last week by Fourth Quarter deliveries that top forecast and 2019 numbers in line with its own guidance that brings us to our own younes yoon in china where they have reached a milestone. Arguably, the china story is what is driving that tesla stock. Absolutely. There is a whole lot of potential. Today, tesla delivered its china made model 3s to the chinese public for the first time. Elon musk is in china for this occasion this is just one week after the company had delivered some of its model 3s delivered here to its employees. The company has said that 10 tesla customers received their cars today at a ceremony in the plant. This is the first plant outside of the United States the Production Capacity is currently 150,000 vehicles a year tesla plans to raise that to 250,000. That would include the production of the model y suv. The bet comes as subsidies have started to dry up in china the whole program for those will end by the end of this year the move also comes during the trade war but i think, dom, what is interesting and shows how important the china market is, even though the subsidies are drying up for the ev market for a lot of american companies. Eunice, the story is, if you take a look at the closing value for tesla. That market cap, currently is around 87 billion 82. 2 as of close yesterday. Contrast with General Motors and ford itself. You put those two together tesla is now almost bigger than General Motors and ford combined how big of a story will china be for all three of these given the rush to electric vehicles . I think it is going to be a major part of the story for all three of those Vehicle Companies just because of the potential for evs and the fact that china is moving aggressively to ramp up the ev market and get people to switch. Currently, the ev market is backed by government and government linkedini initiatives tesla is moving there to try to ramp up the appeal first of all with the model y, today, musk said he believes they are going to be producing model 3s and model ys there. He also sees the model y having more demand than all the other tesla cars combined. To give you a sense of his appeal he, himself, was dancing at the car factory. That dance in the video has been all over social media. Also the pricing has been quite good for tesla a lot of people say it has been priced since it is made in china, it is lower and more affordable here. You can imagine china sees this whole industry as a race against the United States as well eunice yoon, live in beijing still to come up, now troubles for investment giant Franklin Templeton and how juul is looki tngo right its financial for opportunities when Worldwide Exchange returns after this you should be mad your neighbor always wants to hang out. And you should be mad your smart fridge is unnecessarily complicated. Make ice. Making ice. But youre not mad because you have e trade which isnt complicated. Their tools make trading quicker and simpler so you can take on the markets with confidence. Dont get mad get e trade and start Trading Commission free today. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. Because its tailored to you . Take the personal assessment and get matched with a proven weight loss plan. Find out which customized plan can make losing weight easier for you myww join today with the ww triple play beyond the routine checkups. Beyond the notsoroutine cases. Comcast business is helping doctors provide care in whole new ways. All working with a new generation of technologies powered by our gigspeed network. Because beyond technology. There is human ingenuity. Every day, comcast business is helping businesses go beyond the expected. To do the extraordinary. Take your business beyond. Welcome back to the new york news room with the latest good morning. Breaking news out of puerto rico where a 6. 5 magnitude earthquake has collapsed homes. Also reports of widespread power outages. A tsunami alert was issued but later canceled after months of unprecedented fires in australia, the infern knows have spawned rare weather patterns. More than 100 fires are burning across the country and in some areas, flames reached 230 feet so for 24 people have died the government has pledged 1. 39 billion. Spacex sent another 60 star links making spacex the largest sat lie operator the first batch with a dark coating to try to appease star gazers spacex successfully landed the falcon 9 booster on an ocean platform those are your headlines thank you for that. When we come back on the show, former assistant secretary of the state on the rising middle east tensions and what it means for internet security. Facebook taking moves to fight fake news and deepfakes. More when Worldwide Exchange returns after this i am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. But how do i know if im im getting a good deal . I tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if im getting a great price. This is how car buying was always meant to be. This is truecar. Its almost like a mywchallenge everyday to seeey. How well i can eat and still enjoy myself all day long. I wake up every morning to see how much weight ive lost and how much better i look. Myww join today with the ww triple play investor fears fading as futures suggest a flat open. As those fears subside, oil is letting go of some of its gains. Some gathering at a goldman sach Conference Today new Smart Home Technology and int innovations in fake meat, ces is under way and we are there all of that as the second half of Worldwide Exchange starts right now. Welcome back to the show lets get you up to speed on how the futures are happening half way through the 5 00 a. M. Eastern. Weve seen a little steam out of the markets now. The implied open will be down about six points as the futures move the s p 500 would be about flat. The nasdaq up about seven points on the Interest Rate side of things, the tick higher. The 10year benchmark currently 1. 811 the twoyear lower at 1. 56 trade there. Looking at Interest Rates there. Japan, hong kong, shanghai green across the screen. The nikkei up over 1. 5 . Up around half a percent in that trade. Lets spin over to what is happening in europe. The possibility happening there. Mostly green the german dax up a percent. The ftse 100 in the uk is flat in corporate news, juul tapping the chief Financial Officer to lead the 1 billion restructuring effort the embattled maker saying that guy cart write will serve as the companys chief transformation officer. Lawmakers in california have introduced a bill to ban all flavored tobacco sale including those not covered by the Trump Administrations partial ban pier 1 to close up to 450 stores it should be noted, it is important here the company only has a Market Company of around 22 million. We want to show it to you to indicate trends about retail Franklin Templeton saw more out flows than any other company last year. Investors pulled 21 billion from the companys mutual funds in the first 11 months of 2019 saying it was led by money exiting a bond fund led by emerging marketing expert. We are following developments in iran these are live photos from tehran in iran where a funeral procession is being held for general Qassem Soleimani it is reported 35 people were killed at a stampede early on after a down play President Trump gave to address some of the threats. Our reporters coming live from washington, d. C. And nbc reporter from beirut chris, well start with you. How are the tensions being viewed around the middle east right now . As you mentioned, dozens of People Killed in this human stampede going on in the funeral procession, the burial ceremony. Tens of thousands of people turning out to these Memorial Services not just for iran in the middle east. One here in lebanon. It shows you the amount of rev rans people had for him in the middle east and iran in particular it is important to point out, however, he was also an abhorred figure by option and reformists, people opposed to wearing the head scarves think back to the fall, people speaking down the government and calling soleimani a war monger the assassination here heresseo have brought together different groups in iraq, the parliament has recently voted to remove the u. S. Military. Currently, there are about 6,000 u. S. Troops on the ground supporting iraqi forces in their fight against isis and other terrorist groups this would spark disarray in the region soleimani always wanted the u. S. Military to leave the region something he couldnt accomplish in his life but may have in his death. Thank you for that live from beirut lets go now to washington, d. C. With the u. S. Response chris laid out a few of those points, the situation in washington, d. C. Even between congress and the Trump Administration is getting more complicated. Thats right. We got a new warning last night which warned americans against possible iranian retaliation that could come in many different forms including ieds, drones and attacks up to and including inside the homeland of the United States. That was a stark warning last night. Yesterday, some confusion in washington, d. C. As officials scramble to figure out what was going on after a marine general in iraq sent a letter that appeared to suggest that United States was responding to the iraqi vote to order the United States to remove troops from iraq the general wrote as requested by parliament and prime minister, well be repositioning our forces over the course of the coming days and weeks to prepare for onward movement. We respect your decision to order our departure. All of that, the leader said was a mistake. Simply a badly written letter that should not have suggested that u. S. Forces should not leave iraq despite that vote, iraqis frustrated that they order the attack on the general in baghdad without consulting or advising them the question now is whether the United States will follow through on President Trumps threat to impose sanctions if troops should try to push out. What exactly should the Trump Administration do next is this a wait and see situation for what possibly could be an iranian rebuttal to what happened i think it is the latter. We dont have a sense of what the Trump Administration is planning to do next. They are not telegraphing any moves. It is a case of waiting to see what they do here. They have put out several warnings the president has put out several warnings to suggest that the iranians should not retaliate from this strike the question is what will they do, what form will it take and where will it happen will the United States be caught in response to that . We dont know the answers to this thank you for that. For more on how the markets are responding to these tensions partner at gibson dunn and working under the Obama Administration you heard the big reports there from lebanon and from eam eamon javers is there a sense that iran wants to take the United States head on i dont think they want to take the United States head on i think youll see some kind of proxy action they have a lot of proxies in the region theyve shown they can use those to attack not just the u. S. But other countries such as israel in the region. They have good Cyber Capabilities i think they are also, they are benefitting from that uncertainty you just heard about. The fact that markets dont really know how to react or what their next step is is already benefitting, already raising the stakes in the region curious about the Market Reaction we looked front and center at oil. A big commodity class tied to the middle east. The oil markets didnt even respond that heavily to the assassination to Qassem Soleimani. What exactly does that suggest about whether or not iran will use oil or supplies as a weapon if this gets escalated in september, when you have the strike against the Saudi Oil Refineries Oil Prices Went up 14 in one day. 18 for brent immediately or shortly there after, they came down because they realized, first of all, excess capacity. What we are seeing in the oil market is the realization that short of an allout war, i think the oil markets should remain stable however, you do have the risk of the 20 to 30 of oil that flows through the strait of hormuz being blocked by the iranians. But overall, i think the markets will remain fairly confident you are a man that sat behind those doors when those operates were happening what kinds of conversations are happening right now in your mind with the Trump Administration and the halls of Congress Given how we want to proceed i think there is a fair amount of uncertainty on both sides in the sense that people either in congress or even in iran dont know what the u. S. Goals are. What is our policy are we looking for regime change are we looking to get iran to stop reporting proxies that creates an uncertainty that leads to a potential risk that people will just step over the line i think thats probably the reaction you are seeing in congress in the u. S. Government you you are seeing policy is being led by trump who is threatening iran, iraq, a country where we have spent billions of dollars and lost thousands of lives we are threatening with making them pay poor the bases. We are threatening them with sanctions. Iraq hopefully a lot of the smoke will clear in the next few days but now you have folks waiting for trump to decide what it is the goals are and then react given all of the uncertainty and hypotheticals, what then does become the biggest risk for investors given the Current Situation . Is. Currently, the risk of an allout war, i dont think the iranians will cross that line what you you are seeing now is uncertainty. It is important to keep in mind the iranians benefit from that uncertainty. Economic decisions have being affected now all of us in the western world will pay a price jose, thank you for that. Coming up, new details about ghosns dramatic escape from japan and the biggest show case of Consumer Technology out there. Well go live to las vegas for ces 2020 when Worldwide Exchange comes back the two words whispered at the start of every race. Every new job. And attempt to parallel park. electrical current buzzing each new draft of every novel. typing clicks the finishing touch on every masterpiece. newborn cries it is humanitys official twoword war cry. Words that move us all forward. The same two words that Capital Group believes have the power to improve lives. And that, for over 85 years, have inspired us to help people achieve their financial goals. Talk to your advisor or consultant for investment risks and information. Doprevagen is the number oneild mempharmacistrecommendeding . Memory support brand. You can find it in the vitamin aisle in stores everywhere. Prevagen. Healthier brain. Better life. sensethe lack of control when iover my businessai, made me a little intense. But now quickbooks helps me get paid, manage cash flow, and run payroll. And now im back on top. With koala kai. vo save over 40 hours a month with intuit quickbooks. Because its tailored to you . Take the personal assessment and get matched with a proven weight loss plan. Find out which customized plan can make losing weight easier for you myww join today with the ww triple play welcome back, the biggest show in Consumer Technology is setting off today. Taking a look at the latest g s gizmos and gadgets out there going live to las vegas where all the action is. Talk about what we are already seeing out of that show case at ces vegas. Reporter good morning. Sure here, there are thousands of gadgets on display. They range from innovative to useful to plain wacky. A ton of robots. We have this cute love bot here. Samsung announced this bali robot. It is like a real live minibb 8. It is a ball shaped robot meant to be a security robot, fitness. It can follow you around and respond to calls that is a trend now. Before we saw some human idea looking robots now they are getting cuter, more cuddly because they want you to invite these into your home and make them part of your life another big announcement here is hyundai partnering with uber showing off this prototype today that showed a flying taxi. A flying car it lifts vertically and lands vertically and they plan to mass produce this to be part of the uber taxi service. People are going to keep their eyes on those gadgets, the things you want to take home with you anyway, thats just a handful of what is on display here in ces live in las vegas. Back to you. We always talk about the Consumer Electronics show as being gadgets and gizmos we are expecting impossible meat there as well. What are we expecting impossible pork and sausage thats right. You might call it fork, fake pork impossible foods launched the burger here. People were stunned. Pork is the most consumed meat on the planet. This could be huge for impossible its rival, beyond, has had a plantbased sausage substitute they are upping the ante with a ground pork substitute those are really taking off. Pork, a big hit in china. Thank you very much. Appreciate that update on ces. Dont miss the coverage of the Consumer Electronics show. We are featuring highprofile interviews speaking of impossible foods, ceo pat brown will join squawk on the street about his companys dive into fake pork or fork joining the team on closing bell that happens later on today. On deck in the show, Brian Sullivan breaks down the biggest names of energy ahead. Facebook unveils new efforts to stop fake content. Another look at shares of tesla continue to climb after hitting another record high. The company has a market cap of more than 82 billion. Close, not yet there, close to the same value of General Motors and ford combined. Looking to get your business off to a fast start in the new year . Its go time switch to comcast business and get fast internet on the nations largest gigspeed network. Plus, complete reliability with 4g lte backup. And, cloudbased security to help protect the devices on your network. Greenlight your business in 2020 with fast internet and voice for 99. 99 per month. Act now, and get 1 year free of wifi pro. Call today. Comcast business. Beyond fast. Welcome back time for the executive recap we are learning new details about former nissan chairman Carlos Ghosns escape from japan. An investor in dubai agreed to pay 350 for two flights to get ghosns to istanbul japanese media is reporting that he began his escape with a bullet train ride. They are in touch with other nations over the former executives escape top gulf has taken a step towards initial public offering. The company has hired jp Morgan Stanley and chase to lead it that company could be valued over 4 million. Facebook plans to cut down on deep fakes and other videos on its platform. It will remove videos that say they have been edited or deemed likely to mislead users. Leaders gather and discuss expectations for 2020 coming amid rising tensions in the middle east that continue to rattle volatile oil markets. Cnbcs own Brian Sullivan is at the market it has to be a big topic of conversation among many of the ceos i got in last night and you sort of encounter people at the conferences. Already iran but more importantly, the rise in the price of oil was the bigger topic. The players here, the ones well be interviewing all day long, they are fine. There is no risk of bankruptcy of any of the names. Chevron, marathon, patterson, the big rig operator among the midtier players, every dollar in the rise is going to be good news for them. As you know, there is a lot of debt, a lot of concern about what the financial future holds for these companies. It is not just about the big boys here. It is really about what happens to all of those midlevel players because if those companies go away, then the big boys they will suffer. Especially the ones like patterson that need all the midlevel players i think iran will be a big topic, the price of oil, how much oil is out there and this jump in price weve seen since friday every dollar matters a lot to these companies. Also, brian the idea comes with perhaps the notion that you have a war chest to build on. This idea that you can maybe spend more on capital and maybe even hiring people to extract that u. S. Shale, right i cant get anything by you ill give you a little teaser. We have the ceo of chevron on. They are the biggest player here around 9 40 with david and jim every incremental rise by 1 in the price of brent crude will add over 400 million in Free Cash Flow to their bottom line every year every 1 for chevron in price gain adds over 400 million. Think about that if you are up 4, 5 or 6 where you believe you you are going to be that extra money you are going to invest. Chef r chevron has kept its Capital Spending flat. If you want that growth, that Capital Spending is a big number for adding jobs not just in america but globally brian, youll be around all day with those interviews. Well see you later on in the morning. Thank you very much. Thank you back to the broader markets, futures indicating things are going to be about flat after stocks reversed early losses shaking off the middle east tension to close higher on the day. Lets bring in mark tepper founder and ceo of partners. Does this now put the Energy Sector front and center for you. Are you buying or selling it the latest buzz is about energy stocks. A lot of people are wondering are they finally for real . I would say while the sector looks a lot better and stronger, dont get suckered in. Back in 2008, the sector was about 16 . Now it is less than 5 it has almost become irrelevant. Over the last few years, where investors have regretted going overboard. This has been a waste land, the s ps total return is a positive 80 . Energys total return is a negative 85 my take is to keep the sector waiting. Use this as a yield play identify those companies that are paying a good dividend so given the situation with iran, iraq and the middle east should we about using as investors these headlines as a reason to either get longer on stocks or take money off the table . Should we be making decisions based on what is happening in iran i would say dont change the strategy if you look at it, policy uncertainties have been good for stocks when uncertainties are high, stocks are up around 30 when uncertainties are low, stocks are up 6 , 7 over the next year. Uncertainties and tensions, it is so tough to predict even more difficult to predict how the stock will react to the event. Youve got 83 of the s p 500 trading up above the average that up trend is strong, still in tact. Stick with your current strategy if the up trend stays in tact longer, what goes on that Shopping List for the pull back . Our favorite saectors are technology and Health Care Every time sanders or warren rise a little in the polls, you are getting buying opportunity we love software within the space, you are getting high margin, recurring revenues the most valuable thing right now is data. Sales force helps business to become more efficient in their money. Revenues are high and returning. That would be the favorite pick in software space. Thank you very much always appreciate it that does it for Worldwide Exchange. Futures indicating a flat open well see if that sticks around in the opening bell. Squawk box begins right now. Breaking overnight, dozens of people were killed in the stampede at the funeral of the Top Commander killed by the u. S. Air strike new information on the escape of carlos ghosn. We have a photo of the box used for his escape and the musk boogie it is tuesday, january 7, 2019 actually 2020, i should say and squawk box begins right now. Good morning. Welcome to squawk box on cnbc. Im becky quick along with joe and andrew you will see things are off to a relatively flat start. Dow futures are down, s p up by less than a point and nasdaq indicated up by 11 points. This comes after a big day for the markets yesterday where you saw a really weak start. Down was down 216 points for the day. We ended at the closing yesterday up about 68 points at the high s p closed up by 11 points and the nasdaq up by 50 points thats the biggest interaday come back wev