our special guest this hour, former rnc chair michael steele. >> house of the mouse. the force wasn't strong enough to overcome concerns about espn and disney's latest results. but now the entertainment giant is ready to let it go. as the final hour of "squawk box" begins right now. ♪ let it go ♪ let it go >> announcer: live from the most powerful city in the world, new york, this is "squawk box". >>> welcome back to "squawk box" right here on cnbc, first in business worldwide. we're playing that song because "frozen" is coming to broadway. we're now less than 90 minutes away from the opening bell on wall street. futures right now after what was a wild ride yesterday dow looks like it will open up higher by 155 points. nasdaq looking to open 66 point higher and s&p 500 up 22 points. checking out the markets in europe at this hour. we got green arrows across the board in a big way. dks up over 2%. same thing with cac. ftse 100 over 1%. in italy looking at 5%. spain as well opened up 3%. >> deutsch bank may buy back some debt. that sector plagued. see if this rally
we'll asked ed rendell and michael steele. >>> stocks slide 5%. dollar hitting a 15 month low against the yen. european markets have been sloppy. and despite about another warning of oil over supply crude is driving higher. >>> battle in the granite state. new hampshire voters hitting the polls. who will be left standing as the battle for the white house heats up? ed rendell and michael steele give us their perspective from both sides of the aisle. >> sharing a coke with investors. the soft drink giant set to report. we'll bring the numbers and get the the street's reaction in just a few minutes. the second hour of "squawk box" begins right now. >> announcer: live from the most powerful city in the world, new york. this is "squawk box". >> welcome back to "squawk box" right here on cnbc first in business worldwide. i'm andrew ross sorkin along with becky quick, scott wapner is here. stability concerns wage on the nikkei which slid over 5%. many asian markets remain closed for the new year including china and taiwan. nikkei hitting europe already.
. >> michael widmer, thank you for being with us. if you want an answer to the questions whether or not metal, getting more precious, head to cnbc.com. >>> ministers from eu steel ismaking states ministers from tats including the uk and germany, they've warned the european steel sector face a, quote, impending risk of collapse. earlier, "squawk box" spoke to the ceo of one of russia's largest field producers. handy pointed out the difficulties faced by the chinese steel industry. >> i think we'll what we'll see is bake results of the china market. and really believe there are issues with sustainable pricing. first of all, russia remains a market for steelmakers, the biggest retail. and yes, that is say partial effect. >> meanwhile, italian shares are bouncing back this morning after some recent heavy selling last week. in focus here, intesa sanpaolo boosts dividends. as the bank contributed to a fund designed to rescue four small italian lenders. the mixed review from analysts from barclays cutting its rating on the bank. don't forge
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