good wednesday morning welcome to squawk on the street, a live shot at the capitol as the house gavels in to vote on impeaching president trump for a second time. much more on that coming up. stock futures basically flat first we turn to david with breaks news. back to the corporate realm. we want to update people on the situation we ve been following closely, namely intel. we can tell you now according to people familiar with the situation that the intel ceo bob swan will be stepping down february 15th, in an announcement shortly and replaced by pat gelsinger, the ceo of vm wear and a former intel employee for many years, an engineer and we would expect perhaps an appointment that will be well received by the market i have called intel, and shared with them what i knew to be the case they had no comment. i would anticipate, however, that you could expect, given they weren t planning, they were planning on announcing this later today, it is my understanding that they will
gained .43%. unfortunately, the vaccination process is a lot more complicated than you think i m not talking about getting the actual shot. i got mine done today painless on time. sweet people little post jab, cooling off period and back to work. granted, i had a colleague heather gains refresh the pages until a spot opened up at 12:45 p.m. in staten island but at least in new york, it s feeling like somewhat getting our act together make mine moderna, two shots please and the house this afternoon impeaching the president for a second time, something that s worrisome after what happened last wednesday and the inauguration where we know anything can happen. you see, the trump white house has cooked up a ridiculous method of shipping the vaccines from the factory to the distributor to the state facility and from there every state needs to figure it out on its own. there are too many steps the states for the most part don t know what they re doing and that s why we administered
hour futures are solid, earnings phase one signing, lots of eco data our road map begins with trade optimism reigniting the record rally. the chinese delegation heads to d.c. today for an expected phase one signing on wednesday plus new ceo, same crisis. what to expect from boeing s new chief executive, david calhoun, who takes over today and the future of the 737 max. then there were four, alphabet nearing the trillion-dollar market cap club, behind apple, microsoft and amazon stocks are looking to recoup some losses from dow, the dow surpassed 29k for the first time before finishing in the red. all three major indices are in the green since the beginning of the year led by the nasdaq s 2% gain as we were saying on squawk a few moments ago, jim, if lulu yes, ma am of lemon is a clue to the earnings season, maybe this rally has been justified we have two conference this is ek wweek, icr in orlando andi conference in san francisco, health care. they re used to be able
silicon valley tglobal health cares when nasdaq leading the way while the dow gains 83 points, s&p up 6.7% we re here to cheer the most economic system in history. capitalism is taking the lumps like since the great depression and some is self-inflicted we have real problems with income inequality like the money that boeing was to pay dennis mulingberger can the new ceo change the company s trajectory or a corporate culture that seems to have gotten rotten and the ugly emails and it appears engineers deceived the federal regulators about the need for more pilot training to handle the maps but they did need training to handle the systems as the company made clear last week. boeing is not putting capitalism best foot forward here undeniably so. let s not throw the baby out with the bath water. and that stems from the everything i see happening here in san francisco now we have a real windfall here this week jp morgan is hosting the largest health care con presence of the year a
low. our roadmap begins with red october. stocks off to the worst since the crisis futures have a new open. after the worst manufacturing in a decade, sources work on that this morning. shares of pep ki so fueled by sales growth and a nice earnings beat ceo will join us first on cnpc in a few minutes market versus a rough time in an economic slow down a second sell-off resulted in the dow falling more than 800 points s&p lost its gains from queue and q3 combined. investors will be paying close attention to services data in less than an hour from now jim, they say of the two times that ism manufacturers contracted, we haven t had a recession because services held in last night i had marty mucci on from paychecks. my old colleague larry kudlow chief economic adviser to the president says that s where it comes from it s not like gm creates jobs. he says this was the best time they ve had and september was a strong month in the country and was constrained by not being able