You need a watch. Yes, davos. I think the fiscal drag is underestimated the timing is overestimated. Capital spending recovery. Well take that to the bank. Join is on tuesday. Have a great weekend. Inauguration day. Squawk on the street begins right now. Good friday morning. Welcome to squawk on the street. Im melissa lee, with carl quintanilla, jim cramer and david faber. Dow looking to add about 16. The s p 500 looking to add about a third of a point here. Yesterday, of course, the s p closed at fiveyear highs in what is notable, transports, airlines, housing and cyclicals all at 52week highs. In europe, juiced by china data which well talk about. A mixed wag over there. Signs of the rally here could continue. Chinas gdp topped estimates, General Electric beats by a penny, caterpillar catches an upgrade from piper. Morgan stanley showed improvement in Investment Banking. The latest decline of the pc, intel trading lower on its earnings with a pop in cap x spending. Reuters says sharp