To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=c0d381451dc33bbae329f0945326bff9ad42858fde85ea092bb1aa2168170caa6ad5b4e672b0efe4f262276c86fb34e5f0a83cf216f7da7437690d8b2b5f3b84CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=c0d381451dc33bbae329f0945326bff9ad42858fde85ea092bb1aa2168170caa6ad5b4e672b0efe4f262276c86fb34e5f0a83cf216f7da7437690d8b2b5f3b84 here. https://click.response.cnbc.com/?qs=59f1be70dcff2ce25da2743b3333e79a7cc0822dc48e081e63b71efe0bd168bed64ffc72e60626e4abf586affb475b42aaa2104b32e47b02 https://click.response.cnbc.com/?qs=59f1be70dcff2ce21f040db6157b55576431b3997311b5939fbf76c5750d5b3718926a05973d4f4ef57baa6fa43125540e36a19944ca89f0 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=59f1be70dcff2ce25055bff807b829fb9b529e6e2b32fc8a173c82d64a0cbcb83417504c6a822a419e0601ffbfccbd65b2126f5816f44baf were higher this morning after Wall Street saw little conviction on Monday. The S&P 500 was still less 6 points away from a record high close. Meanwhile, after strong gains the previous session, oil and gold prices were under some pressure today. (CNBC) General Motors (GM) leads a busy day on the https://click.response.cnbc.com/?qs=59f1be70dcff2ce29205385e89d40ec451c935b1bbfb9970912362dbde1178feca016d714b2f1022d4478148b80af7360ade5d235b63f4f7 earnings calendar . The automaker reported fourth-quarter profit and revenue that https://click.response.cnbc.com/?qs=59f1be70dcff2ce2f03527ce2dd8cce576a5057087b126c6205cf8b72073711d82462f4a268104385ef69aa8f5786096287f2cae51fb8e8f beat estimates . Operating margins were 5.4 percent in the fourth quarter. (CNBC) BP (BP) reported quarterly earnings that https://click.response.cnbc.com/?qs=59f1be70dcff2ce2828fe8f43d7fcfe7d81aa71cfa25e380b5fa60ab816519c43eb859f6c41499708c7c408749478da0ea0fdc9d64cf44b7 dipped to a 10-year low and missed forecasts. The London-based oil giant posted a second consecutive annual loss due to weak crude prices. (CNBC) Dow component https://click.response.cnbc.com/?qs=59f1be70dcff2ce2f99e65bbeefac10b4e0b3ed28f8099a9a2cfc75756e40e87db5f7ab5273518b3059fbf2d69491bae78c3a9028482243c Disney (DIS) reports earnings after the bell this afternoon. The media powerhouse is expected to have earned $1.50 per share in its fiscal first quarter on revenue of about $15 billion. (CNBC) Twenty-First Century Fox (FOXA), late Monday, beat estimates with fiscal second quarter earnings https://click.response.cnbc.com/?qs=59f1be70dcff2ce2395c24c9266d2df6d0d60304050c3fa66508e69b5b58a9de31498a7f6a2029b138359c36082c5dbf7356c9e4fe1aa1c1 but missed on revenue . Profit was boosted by the World Series and election news coverage. (Reuters) https://click.response.cnbc.com/?qs=59f1be70dcff2ce22ab06416c0325fb7099c6f08604304d0050485fcacb24ac7b38dc8c266d7a68036de25877811b64a513519051312cdad https://click.response.cnbc.com/?qs=59f1be70dcff2ce244ff2219cec02343025ac472fb85b32afba5a4b0820b3658fb7c990476db58ffdd949f52c213ef1133cf8f311c90dd47 https://click.response.cnbc.com/?qs=59f1be70dcff2ce26216ef114d9682e40a3f764121b4d17cb364ef990bff0190a3b3fe01009f2a2c26690fe957dc067eeb00fad5f59b9b15 THE FIRST 100 DAYS Hours before today's court battle between federal and state lawyers over President Donald Trump's travel and refugee ban, administration officials https://click.response.cnbc.com/?qs=59f1be70dcff2ce272b2cabe2ec79dd7abc76c0b7998399a952a461e67e99676300bf84fd8c05c87535fe80ff24839907d6d616391d3f901 offered a possible compromise . (NBC News) https://click.response.cnbc.com/?qs=59f1be70dcff2ce2ba5290f439f41ce2c7bd8939e948e266cfc51488364978e58bc129dd73a7ae6be2c7d85613176c1aa49d1893a1a9e080 Trump claims the media "doesn't want to report" on terrorist attacks involving Islamic radicals. The White House provided a list of 78 attacks from September 2014 to December 2016 that officials claimed got short shrift. (NBC News) Trump's unexpected accusation that Japan manipulates its currency https://click.response.cnbc.com/?qs=59f1be70dcff2ce2e85d8a7801a965b42cfc856cf8328af20ca577a7ba3d2fc4189eda0d86dfdf2a15ff69c16dc9b44477a561e51272f270 doesn't appear likely to play into any negotiation leverage as the U.S. president meets with Japanese Prime Minister Shinzo Abe this week. (CNBC) Senate Democrats intended to speak throughout the night https://click.response.cnbc.com/?qs=59f1be70dcff2ce22e999688e6c3030502c2cd536d389739fa1a0b96f824e1f11da4be00a835a3d988636ae89fc00cc0ab99130e885c725f in a final attempt to derail the nomination of Betsy DeVos as Education secretary and get a third Republican to defect. (NBC News) Andy Puzder, the fast-food CEO nominated as Labor secretary, https://click.response.cnbc.com/?qs=59f1be70dcff2ce2d53784a0acdc56cabd152afcb7ac5f853e30e52d97134271abdc8b14b4ef4f10cff77da984ab50bb17d463e39ea7f640 hired an undocumented household employee , further challenging his nomination, NBC News has confirmed. Following Trump's order clearing the way, the U.S. Army secretary could make a decision on the final permit needed to complete the controversial Dakota Access Pipeline https://click.response.cnbc.com/?qs=59f1be70dcff2ce23d0270e0d5189a67774c499a6948be2838aaf48c3820088fe39c437a678e909a3eafefdee0d70c06ff62c0f8ccb70362 as soon as Friday . (Reuters) With the election of Trump and the promise of deregulation and tax cuts, optimism in the U.S. about economic growth boosted business confidence in the fourth quarter, https://click.response.cnbc.com/?qs=59f1be70dcff2ce217fbc42aa9e8ddf601d1bfa04fc35b70af556352cc9f8ddc6e150875a17d5e5243f33de4b0a61bd39f47b5aa95af739d a survey of CEOs showed . (CNBC) First lady Melania Trump https://click.response.cnbc.com/?qs=59f1be70dcff2ce2c86851a10a972ef27d7b206ee62b2eff2ae1f0798da3c41d23fad4577f3d2c20bd90b03829447377104aec364be1d1ba has re-filed a libel lawsuit against the corporation that publishes the Daily Mail's website, this time in New York, seeking damages of at least $150 million. (AP) Traces of Kanye West's support of Trump and the references to his Trump Tower meeting https://click.response.cnbc.com/?qs=59f1be70dcff2ce2b10c051c23f21ebced76cca68ad026c230440f9f5dc2078eb1005f37d1f88685ab9948bb5c3d282f3d885dead8b17e58 have all disappeared from the rapper's Twitter timeline. TMZ reports it has to do with the recent immigration order. (NBC News) BY THE NUMBERS China's foreign exchange reserves unexpectedly https://click.response.cnbc.com/?qs=59f1be70dcff2ce2015258b09a18e350c1955364c8b2d581613e5a006567c3f675eec64ac62cae50ff99bfd03bcd941f6613f31d4ab5ac03 fell below the closely watched $3 trillion level in January for the first time in nearly six years, even as authorities tried to curb outflows by tightening capital controls. U.S. public pension funds https://click.response.cnbc.com/?qs=59f1be70dcff2ce2ffa92b4252f75d75b97e744d7dfb72152d9d3eda9198322e156e257bdbb97800fd38c893c9f9e3e60fa0a175dcfb49c2 are cutting their expectations for investment returns over the next 30 years or more. But some officials don't expect to even meet the lower targets. There are three reports on today's economic calendar: December trade deficit data at 8:30 a.m. ET, December JOLTS, the Job Opportunities and Labor Turnover Survey, at 10 a.m. ET, and December consumer credit figures at 3 p.m. ET. STOCKS TO WATCH Gap (GPS) posted a January comparable store sales increase of 1 percent, slightly below estimates, but the parent of Gap, Banana Republic, and Old Navy did issue a rosier full-year outlook.Micron Technology (MU) may face an uphill battle in its bid for a stake in semiconductor business of Japan's Toshiba, with Reuters reporting that the U.S. chip maker favors private equity bidders.Fiat Chrysler (FCAU) repeated assurances that its diesel vehicles are fully compliant with emission requirements. French officials are investigating the automaker for possible violations.Major shareholder First Pacific sided with activist investor Elliott Management in a bid to shake up Arconic's (ARN) board and force the removal of CEO Klaus Kleinfeld. Arconic is standing by Kleinfeld. WATERCOOLER The New England Patriots are taking their victory lap, with Boston throwing quarterback Tom Brady and company a https://click.response.cnbc.com/?qs=59f1be70dcff2ce22cb6bf20abec4c9454349ef4e2a4ada1b037258db9b1062405ac1784e24d5fa9ef726082e1596b31c514b734be92a5cd parade today to mark their Super Bowl comeback against the Atlanta Falcons. (NBC News) https://click.response.cnbc.com/?qs=59f1be70dcff2ce21bc2e31022b61f148ee9b97834801eeadc869f514b157752f7170e044df07e4507f33983bd86e2fb54b640a713565579 Despite the nail-biting finish , the Super Bowl on Fox drew 111.3 million viewers, according to Nielsen, the smallest audience for the NFL's title game in four years. The Patriots 2015 Super Bowl was the most-watched TV broadcast in U.S. history. (Reuters) CONTRIBUTORS https://click.response.cnbc.com/?qs=59f1be70dcff2ce2452cda1ad722a1c1793b29863f455b43f7c05d8d533800abbf144a022eb3c0ac1b97138ab563a01d9cb8aec8fb3a78fa https://click.response.cnbc.com/?qs=59f1be70dcff2ce2452cda1ad722a1c1793b29863f455b43f7c05d8d533800abbf144a022eb3c0ac1b97138ab563a01d9cb8aec8fb3a78fa Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=59f1be70dcff2ce2d7cb7403cda3f1bb74c641eec37b93f8c964deec7ea8f64b6e165eaab9d2272a7525ef9f0d88b8f1a9ec9ee7aab20c18 @Matt_Belvedere https://click.response.cnbc.com/?qs=59f1be70dcff2ce292bc8041b30eaf27908a63f2054e7ca53a8e53e2f67d1cf0ef3f8c8a3c5087086903b0fc521531c43a79062609a2c3ad https://click.response.cnbc.com/?qs=59f1be70dcff2ce292bc8041b30eaf27908a63f2054e7ca53a8e53e2f67d1cf0ef3f8c8a3c5087086903b0fc521531c43a79062609a2c3ad Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=59f1be70dcff2ce28778993ca75e4863a48dcb839a5d6cb72705be58453425083b06ffa7454c9ed97e68166355596e1f6acd1ea840bc6983 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=59f1be70dcff2ce25e4fb5bc63d3063f7d6ae95f62582f1ef8a1f30a13c5cdc3256a00a2a47e481dfa6ab747d4e2efb416eb3d511408e7be our simple form to let us know what you think. 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