And mine the gap sales are surging this morning and twitters jack dorsey soliciting advice to help improve the network. All that and more as Worldwide Exchange begins right now welcome to the show. Stock futures are higher this morning in deeper territory. The dow is up another 63 points. The 10year slightly higher 1. 555 lets go worldwide if you dont like the color green, turn your eyes away the major indices in asia, green across the board paced by the hang seng in honk con up by 1. 5 in europe, youll see more green there. Only turkey and greece are red the cac in france pacing france up by about 1 well look to other top stories this morning with rahel. Chinas economy last year grew at the slowest pace in 29 years. The worlds second largest Economy Group at 6. 1 revealing a country under pressure from trade. Weak Consumer Spending and follows the read of 6. 6 from the same time period a year ago. New investors interest this morning. Shanghaibased private equity firm held talks over wework. The plan values wework china at about 1 billion wework currently with the remai held by other investors including softbank, money capital. Announcing the details of its streaming service at an event last night so dubbed peacock, the service will have an adsupported free version and paid versions starting at 4. 99 a month. The Company Expects peacock to break even in 2024 when it expects to reach between 30 million to 35 million users. Probably going to be a big talker today alphabet reaching the 1 trillion valuation after a late surge in the share price yesterday. Apple, microsoft and saudi aramco amazon was part of that club too. It was briefly. I think amazon, the last check i saw yesterday was 930 billion. It is there we are within striking distance of having four businesses on the s p 500 and then saudi aramco worth 2 trillion back to the markets, there have been 11 trading sessions in 2020 so far. The s p 500 has already closed in record territory five of those 11 times weve made a new alltime high a cnbc contributor. What does that tell you now . Is there anything that takes you down we talk about google when you talk about tech in large continuing to be the sector we are in the month of january tech continues to be a theme apple and microsoft contributed to half. Google as they are changing the guard at the top of the house is giving investors optimism in 2020 tech and Communication Services trade is huge we know it has been that way for a while. What does it take to change Investor Sentiment for Large Technology and Communication Services we focus on relative strength. Right now, all the charges are revealing that what you are seeing in Communication Services are still in tact. I dont think this is a shortterm trend as we start off q1, you are seeing a lot of assets xlk. I have financials on the brain sorry. Looking at tech. That is interesting. One thing to look at if you look at apple, up over 86 . It is a 24 4earnings if you were to trim your apple position, that is a good way to trim profit. 2019 was quite an a nonely with the 30 move so bulls were the case. There was a slow down in certain parts of the economy manufacturing is weaker and yet the markets are going higher Central Banks has been the culprit. Does that mean there is no deep pull back coming the way the 10year lends to the market at 181, that is interesting to see. It is the one two punch. We are seeing the economy doing well the undercurrent, the repo market as we are in an Election Year, the market is up 11 since the impeachment trials have started. I dont see them with the ability to pull down i think the reserve will once again put in that safety net always great to get your thoughts this morning. Appreciate it. Why the trade deal may be a diversion. What the Largest International shipping association is saying on trade and what is coming up with comcast new streaming service. And later on, who is jack dorsey tapping for advise for his social networking skills more when we return after this especially by Something Like your cloud. Its a problem. But the ibm cloud is different. Its open and flexible enough to manage all your apps and data securely, anywhere, across all your clouds. So it can help take on anything from rebooking flights on the fly, to restocking shelves on demand, without getting in your way. 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. Welcome back to the show the signing of the big trade deal this week could be a positive for shipping demand china committing to buying additional u. S. Products split between manufactured and cultural goods some experts say the deal will likely divert rather than create new trade flows. Getting new insight from chief shipping analyst thank you for joining us this morning. Lets talk about what do you mean does it mean we are shifting things around . Thanks for having me. I think it is important to say this is the first nonescalating news weve had almost two years now. This is moving in the right direction we are talking about some 32 billion of agricultural goods and energy goods and likely to come in the form of crude oil. We are confident this will deliver both trade creation and trade diversion because china is the overall driver of many commodities in the agricultural sector, dry boat sector. It is interesting to see if these will get sea borne it is a push for current suppliers to china you mention the Energy Markets there. China part of that story what are you seeing that could lend some insight into what we could see as the economic rebound. Is oil going to be one of those data points that we watch . The one driver of the oil market in recent years have been china. They have been responsible for growth if we look at the charact characteristics. As well as what they get from the persian gulf substitute to u. S. Is likely west africa, brazil and norway if china is diverting trade from west africa and brazil into u. S. , that would deliver longer hauls for the oil tankers and that would be a positive if they completely shy away from buying in norway, that would decrease the distances that is what matters to shipping it is not only the volume but the trading distance the values, we dont care about that as long as it brings higher freight rates. Thank you for that from bimco. Thank you for your thoughts. Still on deck, an historic holeinone that is trending for all the right reasons. Stay tuned announcer todays big number, 64 thats how many s p 500 stocks hit alltime highs yesterday [ ] think you need to buy expensive skincare products to see dramatic results . Try olay skin care. Just one jar of microsculpting cream has the hydrating power of 5 jars of a prestige cream, which helps plump skin cells and visibly smooth wrinkles. While new olay retinol24. Provides visibly smoother, brighter skin. For dramatic skincare results, try olay. And now receive 25 off your purchase at olay. Com brand power. Helping you buy better. Nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Welcome back lets get a check on stocks on the move gap plans to spin off old navy the move is surprising given that two months ago, gap said it was sticking to plans after the departure of ceo fewer returns after the Holiday Season helped. Then csx saw Fourth Quarter profits fall the Company Expects slight improvement and stronger performance in the second half of the year. Those shares off about 3 . Shares of Progress Software surging. Up about 10 as revenues rose 19 . The company projecting First Quarter and full year results above analyst estimates. Still to come, a midair engine fire forcing one plane to make a dramatic landing. And why microsoft ceo says modern capitalism could soon, quote, be in jeopardy, end quote. 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 nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Oh no, here comes gthe neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. Welcome back to Worldwide Exchange. Im am phillip mena. Here are your headlines. Centcome now says several u. S. Service members were treated for concussions. 11 were transported to hospitals for follow up treatment. Terrifying moments in the sky of a United Airlines flight. The flight from newark to los angeles was forced to turn around and make an emergency landing. United says that plane was experiencing mechanical issues the fall out in the wake of the mlb cheating scandal says they are parting ways with carlos bell tr Carlos Beltran the only player implicated in the sign stealing. He apologized saying, quote, i should have recognized the severity of the issue. Thank you when we come back, Craig Moffett on the comcast move to streaming video. And we debate the future of phase one of the trade deal and phase two prospects. Whether your beauty routine is 3 steps. Or 57, make natures bounty hair skin and nails step one. Its the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. Natures bounty, because youre better off healthy. The unparalleled landscape of park city, or the famed peaks of whistler, youve faced the hassle of lugging your gear through the airport. 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I wake up every morning to see how much weight ive lost and how much better i look. Myww join for free and get two months free the stock markets record climb looks to roll on with even more gains President Trump celebrating another trade victory as he now turns his attention towards europe mind if i pick your brain . The apparent request by jack dorsey to elon musk on how to fix twitter. The second half of Worldwide Exchange begins right now welcome back, im dominic chu in for brian sullivan. Here is how stock futures are looking just one day after the s p 500 crossed the 3,300 mark for the first time ever. The dow jones would open up by 68, the nasdaq by 28 and the s p up by 8 points being looing at the bond market, a slight bit of movement with the twoyear falling slightly 1. 5 there. 10year currently 1. 818 looking at top stories today with rahel a couple of facebook stories to get to. A lawsuit over claims of anticompetitive conduct App Developers are suing the giant saying it inappropriately roped developer access growing with small App Developers that had built their business facebook backing off its plans to sell ads within whatsapp. They have resolved the team that worked at integrating advertisement. That push to try and monday ties whats april to create more. A new initiative to erase the companys carbon foot print. Aiming to remove more carbon than it emits by 2030 and by 2050, it hopes to have removed all of the carbon it ever made we have more on the move i think at this point, it is very clear, if the temperatures rise i think the impact it is going to have on lets talk about it, the economy. The economy, the capitalist system we enjoy will be in jeopardy if the planet, the resource, the production that has fuelled our society will be in danger. To me, that is the priority. And microsofts carbon initiative, head over to our website. Back to you. President trump has landed another victory centered on trade. The senate auto proved his agreement with mexico and canada the usmca that heads to the president s desk to be signed into law sometime next week that comes after the signing of the phase one trade deal with china and now preps for a tariff fight with european leaders. Joining me now with more on a very busy week for trade pacts senior fellow maddie, also managing director at the center of america progress andy green chick off to maddie first, ladies first, whether or not these trade agreements in total are a step forward for the United States. Good morning. I think when you look at what has happened with trade, we are in a good position certainly in the last 18 months, the threat of tariffs and a pretty robust economy. There is a lot of different trade fights still on the horizon. We have a lot of movement on impeachment. For many, month months, weve heard talk about how impeachment is going to prevent anything from getting done. That is not the case the usmca is getting passed through the senate the wind is at the back of the senate as they pursue other trade efforts heading into the yaer, which, by the way, is an Election Year. There has been a cost take us through whether or not the impact can be recovered and if there is a move forward despite the fact that there has been tensions the trade deals weve seen pass through the senate and get signed this week are a lot of bluster and little delivery what has been delivered has been credited to Speaker Pelosi and not donald trump. We are continuing to see the job market gains slow down and not to see wage growth trickle down to ord to ord ordinary workers that went to the very top 1 bottom got 16 of the benefits of that. That is what the trade deals will deliver it is clear that unlike usmca where Speaker Pelosi secured meaningful wins, there is nothing in the china trade deal for workers. Instead, it is a very large give away for wall street and big ag. Im pessimistic for what this is going to mean for ordinary americans. Mattie, ill turn to you here what exactly can be done, if anything, to really expand how many people benefit from these trade deals in, say, the phase two for china and negotiations with europe . Certainly, the corner stone is 200 trillion more china will make in purchasing from the United States. That is where youll see a worker impact. We have a realignment now happening in the United States look at the senate, youve got 89 votes for usmca Chuck Schumer and others voting together when you look at the impact for workers on the United States, you look at the politics of trade, that is changing. Im not sure we know where that is going to land the focus on workers is an important one. I agree on the impact of tcja. If you look going into 2020, the important factors that have put downward pressure on the economy are ee mealor rated. We are going to see a lot pick up and put pressure on donald trump. This is an Election Year and one where President Trump will continue to make a case for his presidency what should the narrative be for any candidate . It is very clear that President Trump has picked up the narrative that the democrats have argued for a long time which is that trade and globalization that is not going to work for working families that will work for wall street when Speaker Pelosi goes in and cleans um the mess he made hes identified the problem but when hes left to his own devices hes delivering for his allies but fought for workers. I think ordinary people will continue to feel the pain. It will be a center piece of debate thank you both for that debate on what is happening with trade. Comcast, Nbc Universal, the Parent Company of this network and others unveil the new streaming service that will be free to millions, separating itself from an already packed field. Yesterday, executives and top talent made their pitch for peacock. The ceo says he has high hopes im pretty confident when you combine our content, and strategy of taking lit advertising and bundling to create an unbelievable experiences, this is going to be a key product. The service will be separated to two products peacock free and premium with the former launching july 15 with more than 7,000 hours of content. Prem yum will be separated to two years starting at 4. 99 a month and give ad supported access to more than 15,000 hours of content, live sports and early access to latenight shows. At 9. 99, everything will be free with the option to pay the 5 extra for the adfree sergs comcast shares have been moving about a quarter of a percent to the upside in the past year, they are up some 31 founding member, Craig Moffett, what did you hear that makes you say thumbs up or down . Caller weve seen a number of these now with hbo max, apple tv plus. There has been a steady stream of these launch announcements. Comcast was very impressive and what makes them stand out is that theirs will be ad supported and free at least in its basic tier the obvious question is, irrespective of peacock itself, what does peacock do to the rest of the eco system . In particular, the traditional Cable Networks not so much your own like cnbc but for things like bravo and the entertainment Oriented Networks how are those going to sit alongside peacock . How does peacock become as complimentary as it can to the overall Nbc UniversalValue Proposition. What is it that customers need to get out of it or see in order to be successful in that eco system in some ways, it is the distributors you need to make peace with striking deals with charter and at ts direct tv, with cox and others cox will immediately start with p peacock on its x 1 platform that is a set top box that relationship will be important to ensure that zrib distrutors that will hopefully fill the gap as Traditional Networks lose viewership that is difficult to pull off and no different from what every other Media Network would try to pull off how do you make a transition from the old to the new one. Putting pressure on the old one. How much of a positive is the pricing structure you saw in terms of 5 premium and free offering great for customers they there flock to it initially because it is free then again, so is apple tv plus and Disney Disney plus has a price tag associated with it, verizon is giving it away free. A lot of these are available effectively free to customers. Comcast will ultimately be free. That puts the ownness on the advertising platform that makes a good case of how you can get strong advertising revenue out of peacock that is an important question. The ad loads will be capped at about five minutes much less than you have in traditional cable tv youll have to get higher cpms or what you charge advertisers, will have to be much higher. Youll have to depend on information about the fewers you pass along to make it compelling so that think feel like it is a good Value Proposition that will be a question. There will be a lot of pressure on the advertising model you have a hold rating on comcast shares with a 49 price target what gets you more bullish on comcast or takes that down for you . The issue we struggled with with comcast is, as good as the cable side is. It is only about half of the business it is harder to make case for the nbc u and sky part of the business that is kind of the way it has been turning out because the market is quite bullish still but really struggling with the transition we have been talking about. About how do we turn this into a new proposition where the new doesnt just eat the lunch of the old one. Until it comes to the trading level, it will continue to do what it has done it will be hard to outperform dramatically as long as you are making these tough transitions got you always great to make these thoughts coming up, manufacturers are looking to hire a few good workers. To the tune of nearly half a million. Thats a few the challenges they are facing n filling those jobs and quee bee is lighting up social media. Alexa tell me about neptunes sorrow. Its a master stroke of heartache and redemption. The lexus nx. Modern utility for modern obstacles. Lease the 2020 nx 300 for 359 a month for 36 months. Experience amazing at your lexus dealer. Until i found out what itst it actually was. Ed me. Dust mite droppings eeeeeww dead skin cells gross so now, i grab my swiffer sweeper and heavyduty dusters. Duster extends to three feet to get all that gross stuff gotcha and for that nasty dust on my floors, my sweepers on it. The textured cloths grab and hold dirt and hair no matter where dust bunnies hide. No more heebie jeebies. Phew. Glad i stopped cleaning and started swiffering. High protein low sugar tastes great high protein low sugar so good high protein low sugar mmmm, birthday cake and try pure protein delicious protein shakes welcome back. The skills zbgap is impacting companies are gearing up to spend big on training in 2020. We have more now on that story the inability to attract and retain talent has been an issue. The skills gap is seen as a mainer major concern 79 pes 79 of manufacturers say they have openings there having difficulty to fill 26. 2 billion spent in 2020 on training initiatives on existing employees and training for new hires. Nearly 70 of companies are creating or expanding training for their workers. More than 79 have increased training activity. Projecting 4. 6 million workers will be needed by 2028 by 2. 4 million might go unfilled if the skills gap is closed. They have a goal of shrinking this by 25 over the next five years. Kate, i know you watch the job market closely for a lot of these industrial type companies. Are there specific places within manufacturing that stand to benefit more from this job market than others it is interesting i think across the board, they are looking for Companies New and to move up in their pipeline if you cant find workers because the job market is so tight, you need to turn to your current labor pool to close that gap. What is interesting is about a third of Companies Said they had to turn down Business Opportunities because they didnt haveenough workers. On average, manufacturing workers made about 87,000 last year it is something you can make a career on and we know there are a lot of opportunities here. Because i know you so well and we are such good friends, id like you go come over to the desk the trending segment has your name all over it rahel, why dont you start us and give kate some time to get over here. Twitter ceo looking for some constructive cri constructive criticism he asked elon musk what he would do the answer was target bots and trolls saying those two groups can make it difficult to determine real and fake responses he later asked chrissy teegan. At one point elon put out marketmoving information. I agree that the troll and bot thing is a good thing. I think it is valid too definitely, i like that hes turning to highprofile people he wants to show he is interested in solving the problem. I dont know if elon musk is the best person. I dont have as many followers, so i dont have the botts troll problem but im sure many do. Take a look at this impressive shot. An amateur golfer playing at the American Express tournament made 151yard holenoone more impressive, he only has one arm. He started playing when he was 11 he also made a 60yard holeinone. He said he started playing sports as a child to show he could do what most people could do the idea that American Express is going to get a good amount of positive coverage just because of that story. Impressive. Speaking of impressive coverage beyonce, her highly anticipated adidas colab is launching. It will be a gender neutral performance gear line with everything from foot wear to clothing in the lead up to the launch, these huge orange boxes sent to celebrities. I guess you could call them influencers. I didnt get one i didnt get one either i cracked up when i saw Reese Witherspoons video. She is such a nerd i would nerd out too are you going to go out and buy the gear i already am. Im not sure i will look cool enough she looks incredible is it the celebrity that gets you to buy stuff for me, it depends on what it is one thing i will say, it will be interesting to see if all of her press coverage if that translates to sales. People are so excited about it shes got everyone talking rahel solomon, kate rogers, thank you. Stocks looking for a positive open, plus new details from what jeff bezos wanted from new cities for new Amazon HeadquartersWorldwide Exchange will be right back good morning oh no, here comes the neighbor probably to brag about how amazing his Xfinity Customer Service is. Im mike, im so busy. Good thing xfinity has twohour appointment windows. They have night and weekend appointments too. Hes here. Bill . Karolyn . Nope no, just a couple of rocks. Download the my account app to manage your appointments making todays Xfinity Customer Service simple, easy, awesome. Ill pass. Welcome back, time for your executive recap. Headlines you need in 60 seconds. Googles Parent Company has joined the rank of the worlds most exclusive clubs joining apple, microsoft and saudi aramco the white house revealing the president will submit nominations of judy shelton and Christopher Waller to the senate for confirmation we are learning new details on the incentives amazon was looking for for potential cities to house its hq 2. The ceo and other executives wanted to secure an additional 1 billion for other real estate projects that was on top of any economic incentives the city might provide. Looking for a strong finish to markets s p up by 8 points, the dow up by 67. Im joined by head of research every guest weve had here has said this is probably going to continue this record run for stocks it could. Of course, there is a lot of kplas ansy im recommending to stay long. As well as an accumulation of more as ets and some cash we are at record highs here i dont think there is a change of direction at the top, meaning the presidency if we see a socialist or leftwinged president , that is baked in one of the reasons why we know that is because we do see the pop up cape ability that does make the down side protection you are talking about very cheap how long are you looking out to health, is it all the way to the election cycle it is very cheap at these levels, you are correct. If you buy protection through march, it would cost you three and change a bit more of your accumulation i like the march expiry. It is an insurance it protects you to the down side lets say you do get a Bernie Sanders that sweeps and somehow wins super tucson the market reacts in a negative way, you are protected. I like through march if you go out through november, it is a bit more expensive but the vix being at 12 and change, you are going to get protection not too expensive. 5 or more of your accumulated return at this point, im recommending through march to protect your juicy returns. Either you stay naked and go long, stay long and you feel like things are going to pan out beautifully or you protect your returns. A couple of seconds left, do you like that alphabet is at the 1 trillion mark it is a beautifulthing. Look, markets continue to move higher it is based on strong fundamentals it is good Earnings Growth always good to get your thoughts thank you for joining us this morning. Thats it for Worldwide Exchange. Squawk box starts right now. Good morning, futures rising again after yesterdays 267point gain in thedown. Tod today, some weak profiles looking to beijing google market cap tops 1 trillion the bloomberg effect the former new york mayor is changing the president ial race with hundreds of millions in ad money. It is friday, january 17, 2020 squawk box begins right now. Good morning welcome to squawk box here on cnbc we are live from the marketsite on times square. Lets look at u. S. Equity futures. Youll see green arrows. The s p topped 3,300 green comes on top of the gains we saw yesterday dow was up 267 points yesterday. This morning, indicated another 63 points higher s p indicated up almost 8 points and the nasdaq u