Allianz's El-Erian: Short-term effects of Soleimani killing are not the issue

Stocks moved pre-market Friday on the news that the U.S. killed Iran's top general Qasem Soleimani in a drone strike in Baghdad. Mohamed El-Erian, chief economic advisor at Allianz, and Mike Santoli, CNBC's senior markets commentator, join "Squawk Box" to discuss the market impact.