welcome to the second hour of "worldwide exchange," everyone. i'm seema mody. >> and i'm will forget frost. let's get you your headlines from around the world. >> and we're going to start with greece. angela merkel puts investor at a ease after she says the imf will be involved in the greek bailout. ae she says further debt relief for athsens is in the cards. >> we already said so back in july with regard to interest rates. we may have to -- not may have. we doov room to maneuver.

>> amazon's ceo jeff bezos dismisses a "new york times" article outlining poor working conditions, saying claim did not represent the company he leads. on our radar, at&t helps spy for internet traffic for years. you'll get that full story in a couple of minutes. and the fourth is the disney ceo confirming the star wars franchise is getting its own theme land in the largest expansion ever at disney parks. >> and you are watching "worldwide exchange" on this monday morning. we're indicating a slightly higher open with the dow up 2.6 points. nasdaq up about 8 and the s&p 500 seeing a marginal gain. some of the best performing sectors last week, interestingly enough, are the worst performing sectors year-to-date.

kweer talking about materials and industrials gaining about 1%. a lot of focus will be on the economic data. we get a report on employment and manufacturing data will be a part of the story. in the meantime, we see the global 300 index basically flat on the day. a lot of investors reacting to the latest growth figures out of japan. as we were saying, the japanese joining perhaps closing higher. in the meantime, the european markets are seeing gains pretty much across the board. the xetra dax up across the board. as you can see, there is one red box here and that is the ftse 100 down about four points. a lot of times when the miners react negatively to the drop, we're seeing in commodities, that, of course, has an impact on the uk index. in the mean tile, let's get a

look at how bonds are shaping up this morning. >> indean, seema. we're looking at the main safe havens, the u.s. at 2.17 and germany 0.63. so not too far away from where they've been in the last weeks. by the end of the week, against some of the major pairs, the u.s. dollar was weaker. in particular, point out the euro which is basically flat today. but we started last week in the 109 ham. we went right through 110 finishing just above 111, which is where we are today. so the euro did strengthen. there was a bit of profit taking on the u.s. dollar and the possibility the u.s. fed will take note of chinese volatility and perhaps delay rate hikes. a lot of the asian currenties were weaker by the end of the

week. let's look at commodities. it hit a fresh 6 1/2 year low. we are down again today, 41.8 on the wti measure of brent off just over 1%. let us check in on markets, as well. industry is standing by for us in singapore. >> there are a km of issues here, broadly negative ones. china devaluation a story i don't think has been laid to rest. the markets still of the opinion that as further depreciations go, despite the best effort for the pboc, once again reiterating that there is no basis for continue continued devaluation of the yuan. but you have to remember, the chinese story remains sluggish. if it is subject to market forces, right now, as beijing says it is more market oriented.

it's spooking the market and having secretary round eks in the regional currency markets, as well. that includes sentiment in the stock market. so i wanted to highlight a couple of issues here. the shanghai composite, some stability at the close. but that devaluation story is taking the shine off the market broadly. and then, we have southeast asia. off by 1.3%. and the real damage was in the the currency markets because we continued to see the oil price on the back food. a structurally oversupplied market, six year lows, that's hitting the net exporters of krooul crude oil. malaysia is one of them. a little bit of a recovery here, but not a great deal.

4.1020 is where we are standing here. the currency fears still very much the order of play out here in asia. will, seema, back to you now. >> sri, thank you very much for that. now, german chancellor angela merkel says she expects imf involvement in a new rescue package for greece, giving her annual summit interview to german public broadcasters, the chancellor said that imf managing director christine legarde would stick to her words and participate if debt relief is on the table. >> translator: i am certain that there will be discussion on that, rightfully so. so let me clarify. when greece defaulted on the imf loan, the program ended prematurely, even though it was supposed to run through the spring. the new terms were stricter

compared to the last program that greece left incomplete. and now, of course, we need to coordinate with the imf. the imf took part in negotiating the conditions for the memory ran dumb. it is supported like this. but it expects improvement and fine tuning, something that the eurozone wants to see, as well. but that simply was not immediately achievable and they want debt relief without a haircut. it was very clear. if that can be achieved, she will suggest to the board of the imf that they will participate in the program in october and have no doubt that what christine legarde said now would be a reality that. >> and for our viewers just joining us in the u.s., yes, it is august and yes, we continue to discuss -- it must have been receding from the headlines of late, but it could become an issue for investor in the next couple of days if the greeks don't come forward with a payment on august a 20th.

>> yeah, longer term, we have to see greek carry through the deals. i don't think it's going to start up in the short-term again. i think it will at some point over the next year or two because the greece economy is earned pressure. angela merkel said i've always maintained europe will come out of this crisis stronger. i think after 2010, 2012, europe probably good come out stronger. but i think that's wishful thinking to say that this time because there's been a lot of bad blood spills over the last few moss. and i think both the eurozone and the european union have come out of of this weaker. kweer going to see a lot of issues coming to a head, as well the the vote coming up sometime before 2017. and i think that the european project has weak nded over the kouft of the last year.

it is an issue. >> there i think there is a resounding feel that the ecb would absorb any economic shock related to the greek crisis. this has pushed leaders across the eurozone to take sides. >> indeed. there is absolutely no way you could say greek domestic figures are happy that they're part of the european union and that they have respect for their critters in germany. public opinion is very negative towards the european union. and i think it's wishful thinking to think overall the european project comes out of this stronger. >> absolutely. we'll continue to keep you updated on this story out of greece. let's get you a rundown of what to watch in the u.s. today because the national association of home builders released their monthly housing market sentiment index at 10:00 a.m. eastern. that is follow i bd data on

existing home sales this week. s take estee lauder and agilent report before the open, urban outfitters after the close. >> the "new york times" reports a document from 2003 to 2013 and were provided by edward snowden. they show the nsa's relationship with at&t allowed it under secret court orders to conduct surveillance of international web traffic passing lieu the u.s. a spokesman says at&t doesn't voluntarily provide information to authorities. the obama administration is warning china about covert government agents operating in the u.s.

the u.s. officials say beijing is carrying out a campaign to hunt down chinese fugitives living abroad. the u.s. government reported on recent weeks it comes at a time of growing tensions and ahead of a visit by chinese president xi jinping in the next months. >> the next visit comes at a very interesting time just after the chinese central bank and that surprise move to devalue the currency. you have to admit, this will be a very interesting time to watch the two leaders discuss the various issues. >> absolutely. they're also visiting london and mr. cameron, as well. >> we'll see. more focus on china. still to come on "worldwide exchange," we're talking politics. is hillary clinton in danger of slipping away? we'll hear from bernie sanders on his recent success right after this. it's more than the cloud.

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welcome back. let's remind you of the headlines. jeff bay zon's amazon dmpds his company's work culture following a report in the new york tiles. at&t helped the internet spy on traffic. and the force is with disney. star wars will get its oem own

theme laugh land in disney's largest park expansion ever. now, it may be summer. trading volumes may be low given that it is the last two weeks of august, but that doesn't mean it won't be an interesting week for traders. a lot of consideringation is around china and whether it will impact global assets. mike, from the traders we see here if london, there is concern about whether further move by the central bank of china will impact european equities. what are your thoughts and what are clients tell you in the u.s. about the story? >> we saw what happened last week. but i mean, if you have a longer term view of what's going on here with china opening up the currency, opening up the economy, i don't see this as

being that big of a deal. in the long run, everybody benefits if the market is taking over control of pricing china and their economy. they can't really flip the light switch, right? it's going to take time to get from point eight to point b. >> do you have to have less exposure to those sectors that have high exposure to china? >> yeah. no, there's no question right now that it's going to keep pressure within that group. but there are other ways to play in china right now where you can stay away from the export industry. looking at some of the e-commerce names out there, those are some of the areas of china where you can take advantage of the fact that these stocks are under pressure for reasons that aren't going to impact them going forward. >> make, do you think rate hike potential is going to be delays because of china or that's irrelevant?

>> i don't necessarily think that's relevant to the fed. frankly, in their eyes, there is no inflation in our economy. core inflation has come up a little bit, but nothing material. i don't believe they're going to raise interest rates at all this year. but we'll find out. maybe we'll get more when the minutes come out. >> does that change your view on whether we get a rate hike or not? year to day, for at least the s&p and the dow, they're in the red. >> yeah, look. years past, it was easy to buy an index fund in the s&p 500 and you made money. this year it is more bifurcated. a lot of sectors aren't performing that well. if you look longer term, the best thing for the u.s. is a rate hike. zero interest rates over the long run is not healthy. it's not helpful.

even though we may see some volatility, it certainly could be wrong. i home it happens in september. again, in the long run, it does nothing but indicate that the fed thinks our economy is moving in the right direction and that flakes me more encouraged to even u.s. equities. but we're not going to see 14%, 15% a year this year because our economy is not going that much and the fed is not -- prices like they were in the past. >> and we'll get an idea of what the fed is thinking with those minutes coming out midweek. it's a pleasure having you on the show. thanks for getting up with us. now, on to politics. u.s. presidential hopefuls have spent the weekend enjoying all the fun of the fair with the 2016 campaign making a stop at the iowa state fair. all eyes are once again on donald trump who broke the tradition and arrived at the end by hell continuer.

ahead of the fair, trump spoke to cnbc on board trump aes plane. the executive order gets resended. >> you'll resent that one, too? >> one good thing about -- >> you'll re -- >> we have to make a whole new sed is he the of standards. and when people come in -- >> you're going to splip split up faels? >> no, no, we're going to keep the families together. >> but you're going to keep them together out -- >> they have to go. >> what if they have no place to go? >> we will work with them. they have to go. chuck, either we have a country or we don't have a country. >> how do you do it? >> look at the cost of what we have right now. >> the cost of doing it -- i understand that, but how do you do it? >> do you think there's tremendous cost for the illegals here right now? >> of course there's cost. >> tremendous. tremendous crime being submitted by illegals? >> there's definitely evidence that it's happening. >> far greater than -- and you

see it all over, just last night, all over. we will do it and we will expedite it so they can come back in. >> it's still not clear. >> chuck, in four years, you're going to be interviewing me and you'll say, what a great job you've done, president trump. >> if you could win as an independent, do you think -- i get why you don't want to run as an independent because you probably couldn't win. >> it's large, but it's not that -- look, somebody asked me that question the other day times 50. i'm hearing it all the time. i'm running as a republican. i'm in double digits -- >> why is that so hard? >> because i am not prepared to close that door yet, but i wouldn't be surprised if some day in the not too distant future it happens. they're treating me very well. i just wanted to be treated fairley. donald trump isn't the only outspoken candidate surprising the favorites.

bernie sanders has climbed in front of democratic front-runner hillary clinton in new hampshire by 7 percentage points. this according to a recent poll by frankly university and the boston harold. sanders spoke to cnbc about what's fueling his move up the poll. >> i think we are resinating all over this country and here in iowa because we're talking about issues that are life and death issues to the american people. that str collapse of the american minute class, the wealth inequality in this country, the fact that we are the only major country on earth that doesn't guarantee health care for all people, the fact that millions of working claps class families are now finding it very, very difficult to send their kids to college and the basic fact that people are working longer hours for lower wages and meanwhile almost all of the new income and wealth is going to the top 1%. there is no candidate running

for president that will be stronger and reforming a broken criminal justice system. chuck, we have more people in jail in the united states of america than any other country on earth. and we need real changes. the only major country on earth that doesn't guarantee health care to all people. i live 100 miles away from canada. they do it. we spent almost twice per cat capita on health care than any other country. so what we want to do is expand on medicare. medicare is a popular, good system. it covers people who are old. and come up, millennials making money. we'll discuss our interview with a ceo making millions by marketing to millennials. that interview, coming up next.

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so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great. added $10 million in additional financing capacity thanks to its equivalent warehouse line of credit for community investment management. dealstruck says it's total lending power is around $100 million. joining us live from los angeles is ethan centuria, ceo of

dealstruck. a very good morning to you. thanks for getting up early with us. let's outstanding quickly what you do. you make loans to small businesses, but you don't invest directly within them, is that right? that is correct. we are in the business of growing small companies somewhere beyond their initial success as a start-up and making their way towards a conventional relationship with a bank. . and why in particular are you attracted to those companies? >> well, there haven't been a lot of options outside the banking industry for small businesses historically. .and now is the time when technology and different financial products are bug delivers more efficiently to that market which is making capital more wisely available so that they can grow successfully for the long-term. and that's something that i wanted to be a part of and that's why we started the company. >> now you've got about $10 million in additional financing.

what are you using that capital towards, ethan? >> that capital is exclusively to lend out to small businesses. over the course of the last couple years, we put together more than $100 million of capacity. we've had a lot of growth with healthy loan toes help them graduate from unhealthy or expensive products into more conventional financing with a bank or a credit union over time. >> i thought ma lippals in general like to be safe and don't like to take a lot of risk given the troubles and the challenges that they saw the older generation have with taking out loans and the stock market crash in the early 2000s. do you think that's impacted the lending environment at all for millennials? >> i think millennials in general are a confident and optimistic bunch. so they certainly have learned lessons from the past in materials of how to be a brunt

borrower and how to finance their companies generally. but they're generally optimistic. they generally believe they can achieve success. so at dealstruck, we help them with healthy financing so that they can grow and we can be there with them fort long-term. >> what is a number one concern that millennials -- when you help them find a low, what's the number one concern they say when they're looking at the economy? >> you know, i think mostly their biggest concern has more to do with managing their own business and making sure they manage the right decisiones and operate effectively. most millennial hes who are preers in starting company are doing it for the first time or the first or second time and they have to focus on the things that they control. what keep of financing they take and try not to worry too much about the macro because there's only so much they can do about it.

do they speak about the potential rate lending coming in the future? >> commercial cleaning companies and retailers and restaurants and manufacturers. so for them, it's, you know, an interest rate hike is not super impactful, but certainly they're aware of what's going on and they're looking at the options and making sthur that whether the economy is going up, down, sideways, that they have the right financing partner alongside them to help see them through. >> thank you so much for joining us here on "worldwide exchange." all right. coming up, ch some of the biggest fashion and beauty retailers reporting earnings this week. we browse the retail stock aisle, coming up. in the meantime, let's take a look at u.s. future on this monday. right now, european equities broadly higher. the dow suggesting a higher open by around 11 points. "worldwide exchange," we're back in two minutes. upercomputing ti,

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30 minutes to go until we hit 6:00 a.m. on the east coast. welcome, everybody. you're watching "worldwide exchange." i'm seema mody. >> and i'm wilfred frost. angela miracle says the imf will be involved in the greek bailout. the gerlan chancellor says further debt relief for athens is on the cards. >> translator: we already said

so back in july with with regard to extending the interest rate. we may have to -- no, not may have. we do have room to maneuver. >> amazon's ceo jeff bezos dismesses a mshg times article outlining poor working continues at his company. he says it does not does not represent the company he leads. exposed, reports say at&t helped the government spy on wiretapping at the united nations. and the faa blames the software upgrade after more than 400 flights are grounded after the weekend, affecting passengers all a along the east coast. now u.s. stocks ending the week slightly higher despite those fears about chinese growth and the intervention on the surntsy fund. right now on monday, the dow

indicating a higher open by 11 points. s&p up about 2. best performing secretarierer in last week's trade, interestingly enough, materials which ye year-to-date is one of the worst performing sector pes. here on monday, we are relatively higher across the board. the xetra zacks seeing a gain of around 40 points. back above 11 tlous, a level it came under given the concern that exporters have high chinese exposure. here in france, a gain of around 21 points. it's looking increasingly likely that greece will be able to make that payment to the european central bank on wednesday. oil continues to hover at a multi year low. in the meantime, take a look at u.s. stocks across the eurozone. it is now higher in today a's trade by around 14 points.

point out, though, over the past week, down by around 4.6%. in today 80s a's trade, we're higher. how do you make money in these markets? we've been speaking to a variety of investors over the past two hours. here is what they've been telling us. >> it's negative because of the structure in china, because the chinese market did not go through again and i do hope protection comes with increasing problems for chinese exporters. >> the financial sector goes from a low base in banking to overseeing a lot of the growth. actually, you could see very strong growth from the financial sector as some companies like barclay's, like rbs has dividends.

>> emerging markets have been beaden up so much, i think it makes sense if you are a longer term investor. >> now, it's a big week for retail stocks with specialty and offpriet retailers reporting falling on from a mixed week of earnings from department stores. estee lauder reports before the opening bill ander ban outfitters after the bell. which retail stocks, though, should you be owning right now? let's bring in rick snyder, senior retail analyst. rick, it's a pressure to have ow this show. how are you doing this morning? >> doing well. thank you for having me. >> sure. the retail investor b, the consumer not spending as much as we would expect. at the same time, nordstrom jumping in sales. what is in order syndrome done

right and macy's doing wrong? >> nordstrom is a little more upscale consumer. macy's is a little more promotional. and the one word we keep hearing here is promotional, promotional, promotional in the environment and the port strike actually put inventory in the stores that had to be marked down for the second quarter. so it was a bit challenging for macy's who had a lot of inventory. >> theover all sales data we got was strong. is that pointing to strength in the lower end of the market as you're suggesting with promotional stuff doing well or is it broad baited, some of the higher end items selling well, too? >> i think the higher end items and the lower end, particularly in the offprice sector, people like that value proposition and i think they are taking share from the middle.

or the macy's of the world. >> which retailer do you think are positioned to benefit from lower gas prices? >> we haven't seen that flow through. but i think the bigger trend is what are consumers buying and how are they buying it? there's a big change going on with the internet and weir still trying to figure out what it is they're buying. we think right now they're moving away from accessories like handbags and particularly dem. >> risk, given that, what's your top pick? >> we do like a little retailer called guess. and we think denim is coming back for the fall and that should be right in their wheel house. >> how are overalls? which i know wolf is a fan of. >> thank you very much for joining us. we much appreciate it.

let's take a look at some of today's top stories. a "new york times" article published on the workplace environment of amazon has generated quite a response. several employees say they were kandly monitored and pressured. many emphasizing with workers who say they are treated unfairly. but others say the article is horribly misinformed. in a memo by geek choir, amazon's jeff bezos says it doesn't represent the company he leads. >> a debate as to whether silicone valley -- wall street. >> now you have to wonder whether the working standards make it with it. >> traditionally, it's always silicone valley is the place to work.

>> absolutely. and here is another story that's caught our radar or caught our attention, excuse me. newly disclosed documents show at&t helped the national security agency in spying on u.s. internet traffic for years. the "new york times" reports that documents date from 2003 to 2013 and were provided by nsa whistleblower edward snowden. they showed the nsa's working relationship that at&t allowed it under secret court orders to conduct surveillance of int international web traffic through the u.s. a spokesman says at&t does not voluntarily provide information to authorities. >> the faa says -- in virginia may be the source of an air traffic control problem that caused hundreds of flights to be delayed on saturday. operations are back to normal by

late sunday, but angry travelers took to twitter, dubbing the glitch at flight apocalypse and blaming the faa for keeping them in the dark. >> may the force be with you, along with a pair of disney's mickey mouse ears. star wars is coming to disney land in california and florida. disney's largest park expansion ever. construction is expected to begin by the end of 2017 and includes rights and intralt, including a chance to fly the millennium falcon disney shares, higher by around 0.75% here in europe. now it's back to the future at the box office this weekend. "straight outta compton" debuted at number one with $56 million. that is the biggest ever opening for an r-rated movie in august. the film, which cost just $29

million to make was coproduced by ice krub and dr. dre. it's the latest hit this summer following pitch perfect 2, furious 7 and minions. still to come on "worldwide exchang exchange", get our your binoculars. we're going whale watching. we check in on what the big edge funds and billionaire investors are buying and selling. that's come up next. ♪ no student's ever been the king of the campus on day one. but you're armed with a roomy new jansport backpack, a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great.

it was another brulthsz week for the commodities complex. futures medical for man 3% to fall below $42 a barrel. this week, we'll get a read on how low the oil prices are impacting the inflation picture.we'll get a read on this wednesday when the labor department reports on consumer prices, also how the fed is reacting to that renewed drop in oil prices with the latest fed meeting. today, wti crude, down another 1%, will. >> indeed. 6 1/2 year low we're looking at wti, an amazing performance in the oil markets. i wonder the if that derails investors for the past month. big name investor such as warren

buffett have talked about what stocks they're buying and selling. the latest round of the so-called whale watching disclosure are now out and landon has the details for it. >> good morning to you. it's that time of quarter when we get the biggest insight on what investor are adding and substraking from their portfolios. apple was popular again in the second quarter. david einhorn's capital stake, up 1% in the second quarter and since. the stock is down 8% following its disappointing earn bs report. warren buffett's berk shine hathway is indicating another buy next week.

only a small percentage of the stock perk shire bought is at play. john paulson cut his stake in the world's largest gold in the second quarter. the move came before gold prices tumbled in july. the weakest monthly performance in more than two years. george soros is eyeing the cable sector, taking a new stake in time warner cable in the quarter. he added nearly 2..5 million shares of facebook, worth $223 million. soros sold 4.3 million shares of aliba alibaba. david einhorn raced his stake in gm by nearly half in the second quarter and i he now own he is about $500 and $700 million of those shares respectively. they have struggled this year. down 9% this year through july. dan loeb said they bought a new

6.5 million stake in t-mobile u.s. during the quarter. and increases on yum brands, a target of his activist campaigns. they've cut their stake in allied financial by nearly two-thirds. >> all right, landon. you are extremely tan this morning. >> i think it's your monitor. i wasn't out in the sun, unfortunately. i wish i was. but thank you. >> i think she's trying to dodge the attention from her because she had a very heavy weekend. >> it wasn't a heavy weekend. i was just boring. you have to see the rest of europe. >> you take more vacations than anybody i know. we have to tell you, we're only two hours away from lopped. it's amazing. why wouldn't you be going there on a regular basis? as an american, when i move back, it's going to be like six, seven, eight hours. >> enjoy it while you can. >> thank you very much. we're going to talk tech now.

apple is reportedly building a self-driving car and documents show the company is scouting for security locations to test it out. the guardian says in may, apple engineers met with officials from go mention station, a former military base that's being turned into a high security testing ground for self-driving cars. mercedes and honda have carried out experiments there. the guardian says apple's facility is located several miles from the company's new headquarters. as we go to break, let's remind you of the headlines seem ma mody and landon dowdy enjoy big weekends abroad. exposed, at&t helped the nsa spy on internet traffic. and the force is with disney's star wars, its largest park expansion. we're back in a couple of minutes. new jansport backpack,

a powerful new dell 2-in-1 laptop, and durable new stellar notebooks, so you're walking the halls with varsity level swagger. that's what we call that new gear feeling. you left this on the bus... get it at the place with the experts to get you the right gear. office depot officemax. gear up for school. gear up for great.

markets, connegligental europe looking at decent gains, over about 0.5%. although the uk, as you can see, the ftse 100 only just fractionally above flat. we're also seeing marginal gains in the u.s., higher by 18 points in premarket straight. michael gurka, china, commodities and the dollar, what is the biggest risk for markets this week? >> i think the markets actually dealt with china pretty well. so i'm not going to put that at the lead. but the dollar actually is the preface for me. there's a lot of hinges for the dollar. >> no, go ahead. >> specifically, i'm trying to explain that i think the dollar in itself has been a good cue for the fed and implementation.

as we started to see the fed get pushed back a little, the dollar has been the lead there. >> do you think if the dollar continues to rise today on the housing front and later this week we get a read on employment, that could actually impact the fed's timetable? >> no. i don't think the fed is ever going to look at the dollar specifically as a timetable recipient. but at the same time, i think it would be extremely difficult. i'm sticking with year-end. i think there's a surprise in september right here, the markets necessarily won't be caught off guard for that. so, michael, are you long u.s. equities as a whole? >> i think by now, u.s. equities are still within a healthy change. if you look at some of the moving averages, one of the things i want to look at is i want to see it back down to around 1950.

i think that's an excellent moving average. right now, i don't want to be short up here, but i think some of these levels are warranted to see resistance coming to one of the short early term moving averages. going forward, though, still long the u.s., more long up against that and i think right now, at least, the european equities will continue to outperform. >> and what about the european equities? >> i think third quarter as we get there, that's probably more of a year-end play. >> let's take a look at oil prices. once again, another down day for wti crude. at this point, commodities seem to be the most out of favor commodity group. at some point, do you think there might be opportunity here to get bullish? >> a couple levels. one i referenced the last time i was on, which was copper, down at 27. if you look at a longer dated chart, a ten-year monthly, that's a huge level that's holding its support right now so

i'd be lol long that. crude oil remains short until i see 3784. that's a target right there for me, that i want to start buying small against it. >> yeah. of course, in the meantime, here looking at some of the emerging market currencies that rely heavy on oil. do you have a top pick this week, michael? any of the retail companies look attractive to you ahead of earnings? >> to be honest with you, if i saw anything abrupt in the russell 2,000 broader index this week, i think that's a great buying opportunity. >> interesting. a pulse on the domestic consumer. we'll keep it there. michael, have a great day. founder and president of broom hill partners. let's finish up with a little bit of sport. jason day has been the runner up at the past three golf majors. but now he timely sealed the deal. the australian won the pga championship on sunday. his first major with a record setting score of 20 under par. that breaks tiger woods's 19

under par at the british open in 2000. masters and u.s. open champ jordan spieth came in second. his consolation prize? well, he takes over the world's number one ranking from rory mcilroy. let's also have a quick look once again at what u.s. futures are doing ahead of the open. a rally on wall street on friday. that had carried through this morning. as you can see, the s&p is expected to open up by 2.5 points. the nasdaq expected to open up by 9... 6/. european equities pointing up, as you can see. it's been a don't day of trade particular lir for continental europe. the counties counties 100 is basically flat. >> that does it for us here on "worldwide exchange." thanks so much for joining us here on monday. we'll be back tomorrow, will forget and i. have a great day. next up is "squawk box" the

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. good morning. crude dipping below the $42 level. now near a 6 1/2 year low. also, donald trump topping the polls. now tipped his foreign policy immigration hand. we're going to talk about that. new this morning, jeff bezos is firing back after a big "new york times" article yesterday describing a bruising workplace. it's monday, august 17th within 2015. good morning. "squawk box" begins right now. live from new york where business never sleeps, this is "squawk box."

>> good morning and welcome to "squawk box" here on krpz. i'm sara eisen along with andrew ross sorkin and brian sullivan today. joe and becky have the day off. the force is with disney. rolling out a star wars land. we'll, of course, have more details in just a few memberships. but first, brian, you have some top stories. >> we do, thank you. pressure coming on fears japan's economy is slowing down after they had some disappointing jgp data from the third biggest economy in the world. that combined rising for a fourth straight week on friday. concerns about china, you name it, has the price of crude oil down. we were in the high 41s earlier. later on, we'll get the exclusive results on cnbc's latest oil survey. that is not impacting stoc