Also take a look at whats happening in the treasury market 10year is yielding 1. 816 counting zeros here four commons 12 zeros Google Parent Company alphabet now has 12 zeros, also four commas becoming the fourth u. S. Tech company to reach a 1 trillion valuation joining apple, microsoft and amazon, amazon has since dipped below that mark cramer last night talking about another member is microsoft. Weighing in on the controversy on apple and how much it should aid Law Enforcement by opening locked e locked iphones or maybe creating a backdoor for Law Enforcement you cannot be cool. You have to be cool on your own. You have to take pride on the digital capability you have built. No press release with us or anyone else will do it you will need to build your dig call capability and by the way trust. There is a conversation about privacy already. We have to engender the trust. You as retailers are the keepers of the most important data you have to build trust. Whether importance or privacy, they are front and center issues that was before his interview with jim with jim, he did talk specifically about what he thinks about weighing in with apple. Maybe we can get the actual sound bite that was interesting well get that ready and cue that up in just a minute well come back to that. Wework getting some new investor interest this morning. A reporting that singapore Investor Trust bridge has held talks with wework china over increasing their stake of the china branch the plan values wework china at around 1 billion. The proposal was submitted to softbank last year wework currently owns 59 of wework china with the remainder held by other investors. It is like a lot of the same money. If you can get effectively, that means you could get a little less than 5 million. You sort of have to make the decision, do you want to be in china or not it is just weird when you have so many intertwined interests on both sides. Also yesterday, nbc announcing details of its streaming service at an event in new york city yesterday. Dubbed peacock it will have an adsupported free version and two paid versions starting at 4. 99 the Company Expects peacock to break even in 2024 when it will be reaching they hope between 30 to 35 million users. This is very different from other streaming services out there that are trying to copy netflix to this point. This will be ad supported. Theyll be able to widen the distribution a key point made yesterday is that they care about distribution they will look to find ways to expand like theyve done with cox. They pointed out that you can get disney plus free for verizon users. They do want this to have very broad distribution linda runs advertising for nbc made the point that there is not enough inventory advertising inventory. That they want dignal inventory. Thats where they see the opportunity. It makes a lot of sense the other question is peacock will do interesting things putting late night on at 8 00 p. M. At night. Is that a different audience no. Does it not include us . No. By the way it would be great for us does it peel off viewers at 11 30 if you are running carriage fees against Cable Systems who are paying, they think for what used to look like Linear Television and you are pulling certain programming forward. It is a fascinating major shift in the television landscape. It is good. I dont need the ago vags. Im not watching the late night guys, im not. I see sound bites. If thats what most of it is, then yeah. It is good i think the hybrid adfree model is the way to go there is times where im watching something, i dont mind i can get up from are times i dont mind a commercial im not sure it sells me anything but instead of these places where youve got to do it, youve got to pay for it and it will cost them i think consumers would rather take some ads then you have 10 streaming services you write a check to each month i told you a week ago, it looked like a coiled spring it is getting close to an alltime high. 47. 27 who is counting. Earlier, we mentioned cramers interview. Here is what he said over apples issue with privacy as a citizen and user, i care deeply about privacy but i also care about Public Safety both of these have to be in balance. We have to come up with mechanisms things like backdoors are just bad ideas. The cloud app is a good first step thats what i would have anticipated he would have said the idea that he supported apples position on this there are times when these Companies Compete but this is an issue that unites them all being forced to create a backdoor any government could demand they hand over. Well see more of the interview later. A 2020 election update, a National Poll finding that sanders is steadily climbing and hes now tied with joe biden 20 of registered democrats said they would back sanders. Up two Percentage Points 19 supported biden, 12 supported Elizabeth Warren 9 backed former new york mayor michael bloomberg. Thats the other story. Hes up to 9 without participating in any debates and others would support pete buttigieg. And more from andrew yang. Stock market undervalued or over valued . Overvalued. Big tech. Regulate or break up you cant oversimplify. You need to dig in and solve the problems you are concerned about. Fed chair powells tenure, approve or disapprove . Somewhere in between. Recession in 2020, likely or unlikely id say a slightdown turn in 2020 is likely what would you do put more economic buying power into peoples hands so we have a trickle up economy. When asked about the facebook social ad policy, he said they need to step up and verify the truth of ads they have on their platform the numbers of 20 for biden is that down or has bernie steps up i wonder if the numbers that are now supporting bloomberg came from biden during the primaries, whatever extreme position is where it moves biden has to go left and during the national election, he has to come back. Bernie sanders is a socialist. Youve got an actual socialist hes starting to move up everybody else has to move that way. Except for the republican in the party who is now at 9 im not sure biden has to move it is a battle for the soul of the democratic party. It is 50 50 right now. It is weird because the energy is with the youthful but all being thrown on to a 78yearold man. Do you console i had date the 12 0er the 9 that bloomberg may or may not have . In both cases you end up with just above 30. I think you get a broker and convince make it is mike a broker convention after the first or second vote they are released and allowed to vote for whoever you want to. They would come from behind or come from nowhere. If you were betting, if you had a dollar, you could go 25, 25, 25 in other political ad news this, we are very pleased with, i think. The impact of bloombergs ad spending ratchet it up, baby. Cable is the place to go for cable. We will welcome your ad money here put it wherever you want, mike he spent 217 million so far on digital and tv advertising that represents about three quarters of the amount of all the other candidates combined. Including donald trump tv ad rates have jumped 45 in houston after bloombergs campaign bought 1 million worth of ads ive seen them run one after another. You buy up all the inventory and dont allow anyone else on we are open for business. Bloomberg spent 21 million in texas 8. 4 million in pennsylvania the journal says he spent more than 16 million on google ads nearly 7 million on facebook. As a result hes gone from 1 to 9 in the polls in nearly a month and a half there is a reason he got in he wants a mainstream candidate to beat trump. He said he wouldnt get in if he thought joe could do it. He apparently came that conclusion and hes going for it hes not going to get half baked. Am i allowed to say half assed you already did half baked. I came up with that fast half baked alaska. We love him. Hes confident i have to say hes the most confident, accomplished person he is. When we return, well talk about breaking news overnight. China posting the weakest growth rate in 29 years as the trade war takes a bite out of the economy. U. S. Equity futures across the board. Dow future up by 58 points closing above 3,300 yesterday for the first time nasdaq indicated up by about 28. Squawk box will be right back. Announcer todays big number, 64 thats how many s p 500 stocks e p t s time highs yesterday a ths seanother record when you move homes, you move more than just yourself. Thats why xfinity has made taking your internet and tv with you a breeze. Really . Yup. You can transfer your Service Online in about a minute. You can do that . Yeah. And with twohour Service Appointment windows, its all on your schedule. Awesome. So while moving may still come with its share of headaches. No kidding. Were doing all we can to make moving simple, easy, awesome. Go to xfinity. Com moving to get started. China releasing Economic Growth rate. Eunice yoon has the latest read on chinas gdp chinas economy grew at the slowest pace but did perk up at the end of the year coming in at 6. 1 q4 at 6 because of the trade war. The Department Data is raising hopes that there could be a recovery manufacturing investment at 3. 1 prompting some research to raise their estimates for 2020 socgen and pitch upped estimates to 5. 9 and oxford to improved outlook. Why they would want to see the economy around 6 . They basically made a promise to the country that incomes would double from 2010 to 2020 the phase one trade deal helped to manage expectations for brother this year. Research firm economics expects the trade deal will lift gdp up 0. 3 fi fitch sees a 2 rise they are seeing quite a bit of anxiety over the economy here. Eunice yoon, good to see you. I get to see you there on the screen nice to see you. Well continue our conversation about markets. Major averages breaking through 3,300. Our next guest has some cautious out look joining us now to discuss his view and where to invest Charles Campbell is here, the managing partner at mam partners come on, man we are getting so close. We are close. 3,500 is less than 6 away but we have been up less than 50 the last three years im not sure they discounted the by lateral damage. If we take market share from other countries, they are not just going to stand back and not react or recallate in some way they will engage they said yesterday, we are going to stand by france as they engage and support them completely sort of walk through right now you can look at the chart and see. Im not a technical analyst, you can see which way it is supposed to be going. Tell me what will turn it. There could be a couple of catalysts. You have the aspect that the trade deal which weve announced, weve spent almost three years in the making, completing it. It lasts less than three years, you are thinking about a multibillion cap x program and you dont know what is going to happen beyond december 2021, your uncertainty will be relatively high. The biggest head wind wasnt the tariffs themselves, it was corporate and consumer uncertainty. That is still there. That is a head wind. In addition. If the market continues to melt up, you get up to 3,500 level, Federal Reserve officials will begin to discuss market levels that is a problem. What is discounted now is a cut only starting in september, october by staying on hold through 2020 even though they turn dovish because we have a number rotating in and out. That is a problem and part discounted at all. I hope you are wrong but appreciate your perspective. I imagine you hope your wrong too. I do. But this is a base case. Facebook under fire. Facing a new lawsuit and some harsh words from the speaker of the house. Well talk about that when squawk box returns after this. 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Four App Developers are suing. This move marks the latest in facebooks growing battles with small App Developers that have built their business on access to facebooks user data. House Speaker Pelosi ripping into facebook adding to the pressure the company is facing on capitol hill. The facebook Business Model is strictly to make money. They dont care about the impact on children, truth or where this is all coming from all they want are their tax cuts and no antitrust action against them thats tough talk coming from a California Legislature i just feel better and better about my whole stance with facebook do you remember that video that is clearly a fake video of her pushed out it was not taken down. Wasnt off by that much do you know whether can i buy one of tho one of those pens dubbed the impeachment pens i think they could make a lot of money on them. You think that should be a campaign thing we all need something for what is going on. Wouldnt you want one . A commemorative pen that speaks volumes. Next week, well be coming to you live from davos a holidayshorted trading week but we are going to start tuesday at 5 00 a. M. Who can do a fourhour show . Do people know we are all wired up and to get to a bathroom, you need to unwire, go through all the layers, go through the metal detector, take a brief quiz. Are you okay with this are you going to tell me depends. Thats gross dont you have a big thing coming up . President trump is exhibited to address World Leaders hes supposed to be speaking 5 30 to 6 00 a. M. East coast which is 11 30 to noon davos time im going to try to talk to him. Thats a squawk tradition. He didnt go last year we have a huge lineup of other big people including other president s, jamie dimon, jp morgan uber ceo and dozens more it is always a big deal. It is cold we have to walk everywhere it might be worth it it is a beautiful back drop it is so many top leaders and government will be there its the one time we can see them all together. I can see how the other half moves and thinks im there. You live like the other half. What half them weve talked about it a lot. The davos syndrome if im going to have a nickname, it will be tanya like patty herst she turned into. I always want to not let that happen remember the jamie dimon line about what davos is about. Billionaires telling millionaires what to think you know in the past what ive called you. There is neandrathal man there is davos man seriously, how many meetings are you leading this year . I dont know. A lot. If you take your shoes off, could you count it i dont know. We have a commercial break you could solve a lot of the worlds problems while we are there in addition to doing a fourhour show coming up, retailer gap you are going on and on you dont need any pr or a personal agent gap backing off its plan to spin off old navy stacks react ahead here is a look at yesterdays s p 500 winners and losers that was wonderful. It was great. Pretty good it wasnt bad. I didnt really like it it was terrible. It was bad. Awful boo. Stay restless with the icon that does the same. The new rx, crafted by lexus. Lease the 2020 rx 350 for 419 a month for 36 months. Experience amazing at your lexus dealer. You still have service . Call the Insurance Company sfx [phone ringing] its them, calling us. Its going to be a week before they can get through on these roads shhh, sorry, i didnt catch that. I said ask how soon they can be here right now . Whats now . 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Nasdaq looks like it will open another 29 points. A few stocks to watch. Gap is dropping plans to spin off old navy working to stem sliding sales. That move is surprising as a few months ago, they said they were sticking to the plan after the departure of ceo it announced that the head of its gap brands is leaving. Enough to add 5. 5 to the stock. Revenue was shy as the railroad hauled less freight. The Company Expects a slight improvement and stronger performance in the second half as well. Coming up, well tell you why some nfl owners are absolutely livid with the sports newest owner david tepper and peacock takes flight well have thelatest of what i means for the battle for your screen you can watch us live on the go on the cnbc app. Listen to us no video on that pod thing audio squawk pod is pretty good too, im told. Through the at t network, edgetoedge intelligence giv