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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 high...

Michael hudson in new york. He is a professor of economics at the university, missouri, kansas city as well as author. Forgive them their debts in north florida. We have tom longo. He is publisher of gold, goats and guns, blog and newsletter. And in los angeles we crossed to pi, ian. He is a Strategic Planning consultant, a private equity advisor and independent economic analyst, high gentleman cross og rules that affect that means you can jump anytime you want. I always appreciated and this is certainly a blue ribbon panel. I act. Thank all 3 of you for joining me today. Michael, let me go to...

Make sure they get through high school. Understand the calculus that they are going through. Second, i will ask about something that is on the front page of your hometown paper, the chicago tribune. Gm named its first female ceo. What is the important symbolism of that . She is obviously very qualified. She came up through the company, 33 years. She knows the Company Inside and out. For any business to promote from within is an incredible statement about the strength within the corporation. You are able to grow your own leadership. I think that is wonderful. It is not just a statement about he...

Question of the chicago homecoming came up. The talk about the president and your answer was in the very shortterm calculus. What do you see in the longterm future if there is a homecoming . Agree with a lot of people in chicago who think that an obama president ial library should be in that city . Where should it be . All politics is local. I am very hopeful. I have no inside information on this. I am hopeful that the president ial library will be in chicago. I think it is very important. I know that the leadership in chicago, both political and late leadership would very much like that. It w...

Ah. Hello and welcome to cross stock were all things are considered. Im peter lavelle. Probably the most important and impactful piece of political advice ever given was its the economy, stupid, indeed to economic and Financial Condition of any public transcends ideology. And it is ideology, meal liberalism, to be specific. That is driving the world into recession. Ah, cross sucking the Global Economy. Im joined by my guess, Michael Hudson in new york. He is a professor of economics at the university, missouri, kansas city as well as author of forgive them their debts in north florida. We have...