musk unloading another cool billion yesterday. later, saying farewell to a democratic party pillar. looking back at former senator harry reid who died at82 stock futures are indicated higher across the board. the only major index to end the day lower on a sector level real estate materials. all of thoseclosing brand up 19%. hormel up. and we continue to watch the move in the bond market. the 10-year note 1.49. a look at oil right now. we've been seeing some interesting moves here with wti crude. slightly lower at $79. around the world we go a mixed picture overnight in asia seeing the japanese mckay and hang seng down and shanghai composite is a similar starry. >> the nikkei higher germany slightly lower today on a developing story this morning. hong kong prodemocracy says it is shutting down operations after hundreds of national security police raided its offices today. saying, quote, because of the situation, they are stopping the situation and adding that its acting editor and chief and all employees have been dismissed. they've reportedly arrested several people on conspiracy they were conducting a search with a warrant to search and seize relevant journalistic materials. raising questions about the media and freedom of speech. it was founded in 2014 we will continue to monitor this story as it develops. apple is reportedly issuing unusual stock bonuses to key engineers as a part of an effort to retain talent to rivals like facebook metaparent platform providing an incentive to stay with apple as wall street keeps a close eye as the company closes in on a $3 trillion market cap the streaming wars set to get even more intense. top eight u.s. media companies including disney the parent comcast, warner media and others plan to spend $115 million in the next year that number rises to about $140 billion. disney alone with the latest streaming series,ing the book of bobafet to stream. tesla ceo elon musk has sold about $1 billion worth of holdings in tesla according to filings. also exercising options to buy nearly $1.6 tesla shares at a strike price he told twitter users whether or not he should sell, he has been on a selling spree this year, shares up making musk the world's wealthiest person. >> incredible. thank you so much. back in the broader markets, cnbc is out with the latest quarterly stock report asking about the outlook. we asked what worries investors the most about 2022? inflation is a top attorney by a wide margin. almost a third of people say the fed raising rates at the wrong time 17% are worried about covid and the impact for more of what you can expect. let's bring in greg han. you saw that survey there. the compilation and what they are worried about and going into the new year and what they have top of mind. >> of those three, it would be inflation. the ee conomy, when the fed puls back it is stimulus we don't expect to see the types of returns we've seen in the past few years. we expect to see something more muted. fixed income will be a challenge how do you capture gains this is really about expectation so those inspector expectation for returns part of the portfolio. we've increased the consumer in the portfolio. we've got costco and walmart that's still a big part. >> we are making changes expectations are still midsingle digits >> we saw more up. as you compile your portfolio next year, you put a certain percentage in equities, bonds and cash are you upping the amount you put in cash? >> yeah. and that's hard for us to do we are fully invested. we'll take it up to 10%. that's transitional. when the fed pulls back its stimulus if the market slides on his own, they start to matter. they will have an impact that's a big part of it. the growth in private sectors are a problem. >> thank you when we come back, a close look at what has been a rough year for china and if the pain will likely continue and remembering the legacy of former senator harry reid and citic global head of commodity edwardor mse we have more ahead when "worldwide exchange" returns every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. chinese internet stocks have been sinking throughout most of this year among the notable names, all down again this week, some over 10%. all withconcerns over the crackdown hitting the sector hard making china, a much more complex area for investors as regulation could be in the cards for 2022 bringing in expert on this topic. always great to get your expert he's on all things china this has been a very challenging year the idea that china will continue to grow its market. we look at the growth of stocks and the return it has been a really tough year. does it change next year >> it has been challenging but think of 2022 globally our theme is normalization especially for the levelled world. you think of china and how it catches up with performance and growth there is a lot of effectiveness there. you are looking at the best entry point in chinese equities the index itself is cheap and there is a lot of concerns as well for those who are underweight china. especially the on shair market, we think it is a great time to slowly get in we think that is something to add to the portfolios >> given the top performance why are these stocks down so much. what are they missing? >> china is basically uninvestable targeting individuals and companies that pull sk tors. early this year, we saw issues around education and technology. the challenge however is that that effects only a small part of the market. you look at that growth overall, that theme going into the prepandemic and the share of the market across the vehicles, batteries, you name it. overall, in the long run, investors do need the exposure as the market grows. billy domt and alibaba, are there names you think better at rebounding we think this is different than the developed world. you really have to dig under the surface to find the attractiveness you look at the index and it is quite cheap. looking at the overall index trying to add that over time you look at the areas of technology that have taken hits, that's a great place to be. >> we are looking at crane shares down again. another interesting move thank you for joining us >> big money movers clininudg a rough road ahead for vivian. welcome back four big stock stories first starting with pay pal. company ceo says he's looking to grow paypal's foot print in japan. adding the global pandemic pushed the world five years closer to an all digital economy. >> number two, samsung temporarily adjusting operations at key china facilities due to a covid outbreak accounting for 15% of total globe al production. samsung notes the adjustment will not impact customers. >> stock three is cal-maine foods. just like general mills, the issue for the egg producer is higher eggprices down about 15 later this month. >> reporter: a new study of those infected and reinfected with omicron have milder symptoms they also found the incubation may be shorter than other strains including the delta variant. harry reid was an amateur boxer and security officer before elected in 1987 he served in the senate three decades and was majority leader from 2007 to 2015 where he helped usher in historic legislation including the affordable care act. he passed away at the age of 82. >> we also lost a giant in sports, nfl confirmed coach john madden has died at the age of 85 by 1976 had led oakland to the super bowl he finished as the winningest coach in history he then stepped into the booth he won 16 emmy awards and called 11 assumer bowls before retiring in 2009. >> the league resumes play after covid issues forced postponement of dozen of games leading up to the planned holiday break. north of the border, the league postponing nine games in canada due to restriction on fans in the arenas >> thank you straight ahead, free speech under fire again in hong kong. details when "worldwide exchange" returns. we'll be right back. with ww, i lost 30 pounds and i feel incredible. i love the new program because the app does all the work for you. it's never too late to start. start the new year with three months free. join today at ww.com. hurry, offer ends january 3rd. small businesses like yours make gift-giving possible. join today at ww.com. now, comcast business has an exclusive gift for you. introducing the gift of savings sale. for a limited time, ask how to get a great deal for your business. and get up to a $500 prepaid card with select bundles when you switch to the network that can deliver gig speeds to the most businesses. or get started with internet and voice for $64.99 per month with a 2-year price guarantee. give your business the gift of savings today. comcast business. powering possibilities. stocks trying to get back on the right foot after a mixed bag. futures are higher the commodity surge may have been the story but citi with more in the calls ahead. and call it the buy owe tech boon dock. we speak with two insiders on the prognosis you are watching "worldwide exchange" on cnbc. welcome back, everyone a look at stock futures half way through the 5:00 hour. the dow jones higher and nasdaq higher by 64 this movementby stocks yesterday. the dow is the only major index that left the day in the green we are also watching bitcoin flat at this hour at $47,810 ripple, ether slightly lower travel and the session ended higher than today. that's on top of the nearly 1,300 canceled yesterday and more before that >> now back with us, sill vanna is with us >> the cnbc has been investigating or monitoring those covid cases. the cdc invest gates ships if there are one or more cases of crewmembers or 1% or more of patseningers including carnival, norwegian, disney or. former ceo james cayne has passed away. during the financial crisis. the bank regularly leaving the office to play golf and bridge even as the company came under pressure in 1969, from allen greenberg through its brokerage division he helped turn the power house into a player. he was 87. president biden is reportedly considering former federal reserve governor, secretary and contributor for a top role at the federal reserve. according to the wall street journal, biden is eyeing raskin to be the next chair of super vision that's most influential overseer back to a developing story hong kong's pro democracy says it is shutting down hundreds of operations after national police raided its office in a facebook post saying, quote, because of the situation, we are stopping operations adding that all employees have been dismissed. police arrested 16 people including senior staff on suspicious to publish suspicious more insights on the ground. washington post bureau chief it is good to have you on. what are people saying about the latest developments. >> this comes after a very hard end in hong kong where we have woken up to news and ongoing arrests and predawn reads with yet another one of those before, john as you noted could stand out and were arrested. six senior executives who were either currently working or former directors, one of them, margaret is a prominent lawmaker here and the other is dennice what is very prominent in the movement the society to get rid of monuments to those lives lost in the square >> how are they reacting to the closure and the raid we are showing right now on air and some of the monuments being taken down >> it is a great sense of hopelessness when apple daily, we found a huge outpouring of support for the time and everyone was watching and waiting to see what would be next it was a pretty obvious talent and obvious news agency published articles in government and support of the movement. i think this coming again after a whole series here. i think people feel like hong kong they once knew is slipping away and there is so little space for people on the prodemocracy side for people to talk about it and even go out and film those arrests happening and were kind of blocked by police they have found a closed space and avenue for people to even express their horror at what's going on >> how are people reacting if beijing is continuing to clamp down on freedom of speech and social media right now >> you do feel that reaction to social media and support and those people posting on instagram and so on. it is very unclear what exactly that material is and what exactly apple daily and what exactly they are being charged for and what exactly, they said the articles they published were considered offensive that has created the sense that people are so afraid to even say something or express their views because who knows when authorities might deem that to be insighting in government and the national security law has blurred the line so much and what can be allowed on all of that they have all been penalized >> thank you for joining us and giving us a look on the ground thank you. taking a left turn here back to the markets. if there is one asset class that has taken investors by surprise in 2021, it has to be commodities. from oil and natural gas do these trends continue in 2022 we caught up with a special guest to find out. >> we are very pleased to be joined by ed morse let's find out what this year and the team welcome back. good to have you on. is there one macro theme you guys have identified for next year >> last year, we were super bullish and thought commodities would lead the rates and credits so we have to discord it we are looking at a little reverse. a year where people are looking at inflation in many ways in the year ahead we are looking past the year behind us where you could throw a dart at the dart board and almost make money. we are looking at different conversions. some will be really underperforming. >> is it fair to say a lot of competitors are calling for like a commodities super cycle next year sounds like you and your team are going your own way on that >> we are. we think neither of the pullish stories will pan out that story is based onrait of growth and demand and continuing through 2022, 2023 we think this is related to recovery in the deeper session and the remarkable recovery so it is going to come to an end. of what people are saying for the extraordinary increase in the efficiency of capital and how much more you can get to these days >> we start to fall to the two biggies that would be oil and natural gas. starting there, there might be more supply than demand in 2022. a little more bearish found that you guys would you consider yourself bearish on oil >> it depends on how you define bearish. $62 a barrel fourth quarter next year we have the spread i call that bearish if you think of it as percentage drop >> still, you don't see oil prices here or in europe collapsing >> well we do. you go from 75 to 62, that is extraordinary. you think about europe, the single digit through most of the fourth quarter of 2021 and those prices where we have and prices will overwhelm and for that bottleneck >> we were in london broadcasting in november talking about the risk of not having enough juice, natural gas and power as certain things didn't work out do you see that lasting in the next few months of early 2022. it could be a tough, dangerous and expensive winter for europe. >> sure. sounds lovely across the union the uk will be special for a bunch of other reasons we have january weather that will be cold february weather that will be cold >> we'll see the maybe 30 some days of recovery that 2021 is going to end up with being relatively low who knows how high gas prices will go. we have experienced extraordinary winter late winter and extraordinary air masses right in the heart where oklahoma saw $$990 natural gas in texas, at the $850 level. we know it is not normally at $100 in europe, the situation on the inventory side is tight and prolonged to who knows how they are not going to be out of the danger until we get into like february. >> and per megawat hours, they are literally off the chart in europe leading into the new year what is your team bullish on and how do clients make money in 2022 >> these conclude the group and they've suffered due to supply chain problems we've confronted the shortage. aluminum is just a buy because of a bunch of things >> because of the largest producer in the world where we are seeing in china high prices. we are bullish aluminum will roll over 3,000. we are especially bullish on that long run. the super cycle story really does exist >> wow big call there on the metals and in any one take away, we'll be stocking up on renold's wrap thank you for all you do >> thank you see you next year. our thanks to brian sullivan and citi's ed morris former chairman ed'nll oei's take and we have much more after this from the first-ever triple action sleep supplement... to the only 24-hour vitamin c to heart-healthy support every day. get more with nature's bounty. (swords clashing) -had enough? -no... arthritis. here. aspercreme arthritis. full prescription-strength? reduces inflammation? thank the gods. don't thank them too soon. kick pain in the aspercreme. welcome back rising costs and the workforce that won't go away wall street top analysts are bullish. they are just a bit more selective. buying opportunities >> after learning how to operate in an ongoing pandemic, the restaurant industry faces more challenges as omicron continues to spread. companies that have pricing power flexibility that continue to weigh on the sector the top pick for 2022 is starbucks. >> our belief is investors should own names that appeal to higher income demographic in 2022 we believe in the restaurant space, value will become more a focus in the coming months in the quarter. >> that company has room to grow on pricing >> the prices that they are pursuing around social responsibility, digital, and innovation >> other names including wing stop and two new concentrated companies have met all of these in very strong digital platforms. consumers will want to interact with those for the foreseeable future back to you. >> it has been a relatively strong year overall. the index up 24% behind the gain for the s&p 500. the same can't be said for bio tech check out the buy owe tech spdr. and more of what lies ahead in the health care industry for e squared capital management the director, it is great to have you on. fixed on the pandemic and the vaccine manufacturers and companies working on they are pew pfizer and moderna curious if those two names still hook attractive to you >> the a nswer is no. well pfizer, a little. we've been focused more on quality names. we have a good bunch of pharma like merck and roche we've tended to be more service oriented like united and dexcom. on the smaller side twist and connect. those that have not done as well, they've done quite well. we feel very good about them going into 22. >> as we hopefully emerge, do you think the investor's appetite for stocks that don't really touch covid will increase >> it has been a spectacular year pfizer is up 50% for a remarkable performance in a spectacular run. i don't think anyone thinks covid will be as much a problem in 2022 as 2021. >> we are really recommending those large companies will have massive balance sheets they need to deploy that and in facing the growth process. we think the opportunity in the small midcap names but haven't pointed out since 2021 we think it will be big deals in 2022 and the opportunity for investors. >> looking to grow and scoop up a small to mid-sized biocompany. i dpajer you are not a fan of any biotech name tell us why. >> we think as you alluded to, that has been down a bunch we sow that continuing we would be looking more towards enabling technology that helped the buy owe tech with new products those research organizations it gets a little more attractive as the small companies head towards the cash values. >> where would you be putting your money >> regeneron has gone into the next year. that was just a temporary blip they get 50% of the value. we've seen a lot more data over the next year. starting to get a very nice extension that will extend well into 2030. we have the target price today of regeneron even though it is still up from its lows of the year >> clearly, you still see opportunity. great discussion thank you for joining us today appreciate it. >> nice to see you take care. the latest options opportunity with market rebellion. joining us in a couple seconds stay with us welcome back the cdc is back with the latest. looking at the tech sector and asked within tech, what specific area will be the biggest gainer in the next year 30% software, 29% like cloud and 7% investing in hardware joining me now, cnbc contributor. good to see you. happy holidays you saw that, where would you be putting your money >> well, as you know, we get that end of the year tax loss harvesting every year for whatever stock they have that has gone down, they'll try to matchup those losses even though they can't repurchase those stocks for 30 days they'll sell out those losers. in the energy space. not so much oil and gas but some of the alternative powers. solar and battery and storage plays really where people are focused right now. >> i want to draw your attention to shares of tesla what are you feeling about where tesla can go from here >> one of those, unless you bought at the all-time high of tesla becauses it still pushed up pretty hard >> that buying in further calls past january this year in this one, there is still a big belief elon musk will outperform if it weren't for his multibillion worth of sales, we wouldn't be looking at sales anywhere but the all-time high >> that volatility gauge is at 18 for the first time since omicron hit. what does that tell you about where investors are placing their bets >> from some of the shut downs where we heard rumors of, investors aren't very scared of what this means in the long term or short term because the futures have come way down, seema. the vix futures. and from the 19th where we broke and closed at the high 19. about a month and a half that has been throughout every level and everything we've seen. i think investors are more confident that they've been right now. >> good to see you thank you for joining us today a quick look at the futures indicating a higher open with the dow, nasdaq and s&p in the green. that does it on "worldwide exchange." "squawk box" is next totally ou. orrrr... you could use slack. and edit your message after it's sent. [sigh of relief.] slack. where the future works. every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. stocks shrug after surging covid case counts. flight attendants push back on shortened isolation time for people infected. and musk selling another billion shares and exercising options to buy $1.6 million of a strike price of wonning $1.6 a share >> good morning. welcome to "squawk box." becky and andrew are off today starting with the markets. failed to close at a report sliding by about half a percent. dow closed higher by 95 points the dow just us indices this hour showing some moderate gains. mixed trade in europe and asia overnight. s&p 500 would open by eight points the dow by 39 and nasdaq by

Related Keywords

Norway , China , Hong Kong , Texas , United States , Washington , Chinese , Norwegian , Harry Reid , Greg Han ,