. including a failed weekend coup attend. >> new this morning the national republican convention begin in cleveland. and a new nbc news poll finding hillary clinton keeping a five-point lead over donald trump. it's monday, july 18, 2016, and "worldwide exchange" begins right now.

good morning on a monday and welcome to "worldwide exchange" on cnbc. i'm sara eisen along with dominic chu. thaps for sitting in for wilfred frost. >> great to be here. >> investigators searching forrancfo forranfor answers on the gunman who killed three police officers and injured three others. and then a deadly military coup attempt in turkey has failed over the weekend. thousands have been rounded up and arrested. a report from istanbul coming up as well. first, a lot of geopolitical uncertainty. global investors shake it off. >> we're green across the board mod erately speaking. the dow jones industrial average up 37 points and nasdaq, 9.

yes, green, again, but not crazy to the outside. ten-year treasury notes currently yielding 1.5, 11.8%. let's take a look at what's happening in europe because we're seeing equity market strength now. we did see a little bit flatness but the german dax, flat again. they're all ratcheting back a little bit. of course, powered by that arm holding deal. the ibex 35 in spain fractionally to the downside, sara. >> that's what happened in aovernight. the japanese nikkei finished higher. home prices there moderated

potentially weighing into the trade. now let's go across and show you the broader market. currencies, the british pound is higher. if you got a $32 billion deal, that's a whopper of a currency trade because they have to buy it in british pounds. so the pound continues its strength. its post brexit recovery, we're a lock way off unlike the stockmarket. as for the dollar/yen, that's a focal point. clearly the weakening japanese yen continues. this after the worst week for the japanese yen in decades. that's been helpful to the japanese stockmarket. it continues above 105. oil prices were down. they're pretty flat to modestly higher. wti pushing. there we go.

$46 a barrel. brent, $46 a barrel. and as for gold, sold off a bit in the wake of the record-high stockmarket. a little bit higher. up a buck. it's going to get heavy on earnings this week. >> it's interesting. it didn't happen as much as we thought it would. >> then as it became clear that erdogan was still in control and regaining control potentially a lot less uncertainty. >> you could see there on the boards, dollar turn eric lira, 2.95. of course, that means we've gotten just around half of the losses that we saw turkish lira. >> that was the concern early on friday. >> in deal news, japan softbank,

more than $32 million. that's about a 43% premium. this is an all cash deal and it's been approved by both k companies' directors. the combination comes less than a month after the uk's decision to leave the european union, the so-called brexit, which has push. it shows that britain remains attractive for investments even after the brexit vote. we're showing a pound dollar chart right now. if you look at pound yen, of course, this is a pound yen play, right, because you have the safety bid coming back for yen over the course of the past few months. you have the pound weakening. so those yen crosses you love so much to talk about, sterling yen, they've got a great discount. it used to cost you 195 yen to

buy a pound a year ago. now it costs you 140 even after this deal. i got to a low. >> after the brexit it lost 120% of its value. that was clearly the impetus for the deal. strategically if you look at what oshie's son has done, he's continuing work through dealing. they control sprint in this country. >> and that was a $20 billion three years ago. >> this is a huge deal and they also say it's a play in the press release on the internet of things. this is a chip company that powers all sorts of thing. >> and a samsung 1u7 plier. >> that goes into so many devices. >> the question potentially is are the regulators going to approve. theresa may is the new prime minister of the uk. i wonder how cautious she'll be. as a result of brexit because politically speaking that could

be a problem as we continue to see this. >> of course, i it would also be a signal that their trade doors are open. they don't have an yoep lapping business. we'll see if it goes through. >> switching gears, an investigation under way after three louisiana law enforcement officers were kill and three more injured during what officials have been calling an ambush. jay gray is live in baton rouge for us with the latest. jay. >> hey, there, sara. this is where it all unfolded. a rolling gun bat frl this car wash across to that convenience store. police and federal agents still learning for evidence and answers. we're learning more about the victims and the suspect who's responsible for the deadly attack. as the shots exploded sunday morning in baton rouge. >> shots fired, officer down. shots fired. >> reporter: three officers were

killed. montrell jackson, matthew gerald, and brad garafola, all three husbands and fathers. three more wounded. one of those still in critical condition. officials in louisiana have called it an ambush, carried out by a lone gunman, gavin eugene long on his 29th birthday it's unjustified, unjustifiable. the violence, the hatred just has to stop. >> overa long time long had a long name. describing himself as a freedom strategist and spiritual adviser. five polices were assassinated by a sniper. after that he spoke about, victims fighting their protesters. protests and tensions have been building in baton rouge after

the controversial death of ail on the sterling. sterling's family made an emotional plea for peace. >> at the end of the day when these people call these families and they tell them that their daddies and mothers are not coming home no more, i know how they feel, because i got the same phone call. >> reporter: the call echoed for the second time in two weeks across a city and nation mourning the loss of those that wear a badge. now, just hours before there was a cryptic message. just because you wake up every morning does not mean you're living and just because you shed your physical body doesn't mean your dead. part of the digital footprint at the center of the investigation going on here. dominic and sara? >> thank you very much. we oar going to move to

cleveland where the gop convention begins today. john harwood is there. and in cleveland, it rocks. it does, so says the show back then from drew carey, but what's the feel from day one as we kick off the republican national convention. >> reporter: it's uneasy here. republicans are concerned. why? because donald trump who's going to be nominated this week is trailing hillary clinton in the polls. he has huge advantages among white voters, young men in particular. he's down 46-41. five-point spread down in all regions of the country except for the hoult but donald trump is hoping unease abroad but hoping turkey, the unsuccessful

coup and that other cities around the country is going to buy him a boost as casting himself as a law and order candidate. here's donald trump in a an interview with cbs yesterday. >> it doesn't necessarily given us a right to commit suicide as a country, okay? i'll tell you this. call it whatever you want. change territories, but there are territories and terror states and terror stations ta we're not going to allow people to come into our country and we're going to have what they call extreme vetting. we're going have extreme vetting. they're going to come in and we're going to know where they came from and where they came from. >> this man is awed by the american people and not intimidated by tl world and donald trump, i believe, a good man, will be a great president of the united statesing. >> mike pence, social conservative, religious conservative, republicans are

hoping he can unite party who's uneasy with donald trump. they've got a lot to do in four days to try to lift donald trump's image which is very mixed with the electorate right now, guys. >> john, very quickly, if you had to pin it to one or two points, what are the talking points trump and pence need to get across to the american people in the next couple of days? >> reporter: as mijsed casting themselves as the law around order ticket, w.h.o. will stand up for the united states abros. and at home. in terms of the broader message about donald trump, he's going to have to convey in four days, especially in his sep stance speech on thursday night that he can be an applaudable president. rehn, hillary clinton's campaign against him is he's too erratic, unstable, lacks the judgment to

be president of the united states. he has to show why he is suitable. >> do they have unity on the ticket. i watch thad yesterday and i know there were a lot of questions about whether governor pence agreed with trump on a lot of issues including trade. what's the reviews on that interview? it didn't look very comforten and cohesive, i have to say? >> nothing, sara, about the weekend roll of the trump/pence ticket was anything but awkward including rollout on saturday morning where donald trump didn't seem to want to be in the frame -- picture frame with mike pence where he gave a speech, where he was talking mostly about himself. pence was a bit of an afterthought in that speech. everybody knows voters go for the top of the takata, not t

that's because a lot of the party is uncomfortable with the challenge. first he has to reassure his party, second that he can run a campaign, run a convention, and run the country as president. >> we eelg see how that goes this week, john. thank you very much. live from cleveland. now to the week ahead on wall street. the housing market is on focus while earning season gets into high gear. today look for the monthly survey from the national association of homebuilders and tomorrow we'll get june housing starts. the philly fed survey. we'll get a steady stream of earnings as mentioned with ten dow components and 85 s&p companies reporting. bank of america, ibm, netflix, yahoo!. those are just out today. goldman sachs reporting tomorrow. general motors, at&t, and

starbucks on thursday, dw e and american airlines out on friday. we're going to be looking for a lot of symbols. first what are the multinationals saying about brexit and the european business and the consumers in this country, how healthy it's going to be and whether the legup can continue. they have sort of rotated into a better position along with this market. we'll see if that continues. >> of course an earnings parade. and coming up on the show, with ee we're going to see. we'll tell wu what boris johnson is saying to his counter parts next. "worldwide exchange" is going to be back next right after the break. hey, honey?

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welcome back to "worldwide exchange." a key u.s. ally in the fight against isis. thousands have been rounded up and arrested as alleged co-con spoir tors. nc chief correspondent richard engel has the latest for us inside turkey. >> reporter: this is how turkey wants the failed military coup to be remembered. unarmed civilians cowing down to tanks. the people defending their elected president, erdogan.

he helped carry a coffin, his campaign manager. more than 6,000 alleged conspirators have been detained. the traitors will be rooted out like a conditionser, said erdogan. cnn turk a local channel kept broadcasting even as rebel gunmen stormed their studios. >> there was a single shot that fired inside the building and that's the casing from the shot. >> reporter: erdogan's jet was harassed by rebels flying f-16s. >> while he was flying into istanbul, we know there were two, at least three f-16 fighter jets they were automobile to control in the air. >> reporter: in a cockpit, controls warning. they locked on but never opened fire. richard engel, nbc news,

istanbul. >> that's the latest coming out of turkey. joining us to go over what's next, director of global strategy project which is a geopolitical risk advisory. marco, we've seen all kinds of details come out. thousands arrested, rounded up in this post-coup attempt. what expectly now is going to happen in turkey as they try to recover from this situation? >> politically speaking there's going be reprisals. he's going to be going after his enemies. even though beyond those who may be directly responsible for this coup, anyone who's on his list of opposition, whether it's the politicians, academia, it can be dissidents, anyone who basically he considers a threat to his power will be on that list and he's going to use that opportunity as a pretext to accelerate one of his chief priorities which is getting the

constitutional changes necessary to create an all-powerful presidency. >> one news organization is calling it a gift for him as he tries to consolidate the power even further. what does it mean for the united states? >> he called it a gift of god. with respect to the united states. the united states is playing it very carefully right now because the person who president erdogan directly accused of being responsible for the coup behind it is a gentleman by the name of man who's in the united states, who's been based in the united states for years who was once an ally of erdogan. that i had a falling out over the years whereby the president accuses him of using his network of people to try to topple him and there was fallout because both of them basically had the autocratic tendencietendencies. now, for the united states, erdogan is eventually going to be calling for his extradition

and it's going to be difficult because the secretary of state already called for specifically for the proof to be given and the fact os to be given. also for the united states, there's something else. erdogan may want to use this as leverage for the -- use it, trying to get him into durky, use it as leverage for the u.s. the u.s.'s key priority in the u.s. is the war against isis. it serves as an important nerve center for that and there's a possibility that erdogan may use that as leverage. and in terms also for the united states is that turkey is and remains an indispensable ally not just for the u.s. but all of nato and the western alliance. >> our thanks very much for for helping to break that down.

sara. >> turn eric stocks down a little more than 4%. meantime britain's new sforn secretary boris johnson speaking to reporters ahead of we have to. it means we're leashing europe. we're not going to be abandoning the leading role over all kinds. >> we'll see how his european counter parts respond to him. >> let's stick around for the whole britain instruction. including $32 billion deal. expectations for the rnc in cleveland and what appears to be a very resilient stockmarket. stay tuned. you're watching "worldwide

exchange" on cnbc first in business worldwide.

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we've got a big deal to tell you about. $32 billion of arms holdings taking advantage of that weaker british pound especially against the japanese yen. the pound losing. that's helping the footsie at 100. that's the british index up a quarter of a percent. pretty flat for the german dax and france. also watching gains in italy and in spain, don. >> all right. so green across the board for many markets in europe. although we'll see stability as well. and coming up, this morning's top stories plus the big issues you'll need to watch at this week's gop convention in cleveland. insider tony fratto is our guest. that's coming up next on "worldwide exchange." keep it right here.

breaking deal news. japan softbank buying chip design maker a.r.m. holding for $31 billion jo a new nbc news poll finds hillary clinton keeping a five-point lead over donald trump. and the resilient rally, despite the world of worry, stocks remain strong. we'll tell you why. it's monday, july 18, 2016. and you're watching "worldwide exchange" on cnbc. good morning and welcome back to "worldwide exchange" on cnbc. i'm sara eisen along with

dominic chu for wilfred frost. >> it's good to be here. we're following developing stories including this. they're searchier i a gunman killed three law enforcement officers and injured others. first let's check on the global market this morning on what is heightened risk of geopolitical uncertainty. >> absolutely. let's tack look at what's happening with the stockmarket. you're shaking it off for the most part. the s&p 500 showing what could be modest gains. the dow jones industrial average showing a gain and the nasdaq showing what could be a five-point gain. let's take a look at those boards as well. we're seeing at least some green across what's happening in europe. the german dax now just down fractionally 0.2%.

the ftse up 1.25%. the ftse mib down fractionally. both showing modest modest losses to start here. as for what happened in asia, we did see a bit of a mixed perfect in there. up by two-thirds of 1%. the shanghai composite, off by one third of a percent and the ftse up by 0.1%, sara. >> i think the lesson here, dom. tell me if you agree. we're keeping up on the major actions. geopolitical risk is difficult for them to assess. brexit i would put in that basket as well. yes, we saw a plunge on the dow. and then all of these doom and gloom forecasts about who was coming next, was the euro breaking up, was the euro breaking up. same thing with the turkish coup

and the political moving events. that's because u.s. earnings and economic data have been good or maybe better that no. i would agree with you there. i would also say the central bank environmental that we're in probably plays large part in that as well. >> those are the three factors, right, that ultimately have been moving stocks. >> what's been happening, sure. >> let's show you the broader picture market. wti crud just going back and forth above and below that 46. brent, a little bit stronger. seemingly waiting for a catalyst here when it comes to crude coming off. >> after a down week. >> yep, absolutely. as for the ten-year treasury note yield, we saw some heavy selling in treasuries last week for a change pushing yields higher. now we're at the 157 level. we're stable. we'll get the housing index later today and then later in

the week more housing data as well for you. as for the u.s. dollar, the biggest has been the pound which continues to strengthen the post brexit potentially on deal news of arms holding which is a british company which means that 32 billion dollars has to be transferred to buy this company which is a huge currency trade. as for dollar/yen, also moving higher as well, continuing from last week, which has been be t sentiment in general. japan softbank is being u.s. chip a.r.m. holdings. the all cash deal has been approved by both companies' boards of directors. it's a significant push for softbank in mobile technology.

they've already owned sprint. they will double its count over the next five years. this combo comes less than a month after the uk's decision to leave the european union which has push down like sara said, the value of british pounds. the finance minister, the new one, philip hammond, shows britain remains attractive even after this vote. it's open to business, so to speak. switching gears, an investigation is under way after three louisiana law enforcement officers were kill and three more injured during what officials are called an ambush. jay gray is live in baton rouge with the latest. jay, what can you tell us? >> reporter: let's talk about the injured. one officer in critical condition fighting for his life. this is where it all unfolded starting in this parking lot of this car wash stretching to that convenience store there. lasted only a few minutes. three officers killed, all

three, husbands and fathers, one with a newborn son. we know that the investigation is also center odd whan appears to be a massive digital footprint from the suspect gavin eugene long. just hours before the attack he posted a cryptic message on social media that reads just because you wake up every morning doesn't mean you're alive and just because you shed your physical body doesn't mean you're dead. police and federal agents continuing to search here and online digitally and say that this is just the beginning of what's going to be a long and very difficult investigation here. dominic? sa sara? >> thanks. we'll be following that very closely in baton rouge, louisiana. we have a political event happening. the rnc will get under way in a few short hours in cleveland, ohio. donald trump is expected to receive the gop nomination on

thursday. this team for today, "make america safe again." with several servicemen and women expectinged to speak in washington. joining us. tony fratto. tony, there are so many things, so many messages flying across the nation, across the world right now. what is going to be the lightning rod at this particular rnc in cleveland, ohio? >> i think it really could be this law and order theme. obviously the trump campaign wants to might its theme. we saw that over the weekend. it was a theme that repeated multiple times and introduced his vice-presidential pick mike pence. it could backfire though. we see these events happening across the world and as you mentioned we know in very stark ways over the weekend in new orleans and recently in dallas.

it's a question of what's going to happen outside the convention as well this week and seeing how the city and the rnc deals with -- is expected to be pretty massive protests. >> what does that mean, law and order theme? what does that mean, that message? >> it's a great question. i don't know how much of a finer point they're going to put on it. there will be a lot of talk about benghazi. if you look at polling, sara, today, you're still seeing very high concerns among voters of the threat of terror even though we know the chance of being involved in a tear terrorist attack is very, very low in the united states, people are worried about it. so that theme does have some resonance. we know they're going to talk about benghazi, about terror. he's going to double down on his interest in trying to -- he called it, i think, extreme review this weekend of people coming into the country, previously referred to it as a ban of muslims. i think you're going to see

that. i think he's going to double down on it. >> tony, as we talk about the rnc right now, this comes ahead of the democratic national convention as well. how much will jockeying for position will donald trump or mike pence have to put into place this week ahead of the democrats? >> it's a very big week for them, dominic. it's rare to see a nominee coming into his party's convention with the level of negligence. i shouldn't say it never happens. it's rare. he needs to reintroduce himself. he's got two big tasks. one is to reintroduce himself to windows. he's going to have pretty much to himself dominating the airwaves to reintroduce himself and present a better candidate than the voters have seen and the second is to try to unify the party. again, that's going to be a

very, very steep hill for him to climb because he ran in the primary in a very disease advicive way, not just attacking the candidates but attacking some very fundamental views of the parties. >> i was going say, tony, because of everything happening in the world. i don't hear much from you and the press on economic issues and what is going to make or break the selection potentially. is that on the back burner? >> they have a day, i think it's tomorrow, where they're going to talk about the economy a bit more. but i don't think it's a driving issue as much as some would like it to see. obviously we pay close attention to it. we're -- looking out over the next year to 18 months, i think we have questions where the u.s. economy is going. the big question is about income and inequality and wages and

unemployment. but i think they're going the try to focus on this theme that does have resonance with trump voters right now which is this question about law and order and concerns over terror. >> a plethora of issues to address at the rnc this week. tony, thank you for joining us this week. toe nay fratto. sara. now to the deadly coup attempt in turkey. thousands have been rounded up and are arrested as alleged co-conspirators as the turk eric cabinet prepares to meet for its first regular session. security forces continue to raid security facilities. a private news agency says police special forces raided the special turkish air force academy, detaining four high ranking officers. so they continue to go after those. >> a big geopolitical story, of course, happening in turkey. on our shores there's still

a lot of stuff on the agenda. you have netflix reporting results after the bell. landon dowdy joins us now with three things to watch for these particular earnings report sthoos that's right. wall street is looking for two cents a share on revenue. but beyond the numbers, here are three things to watch. first subscribers. analysts forecast domestic and international streaming to be in line with expectations, paying subscribers will be in focus as growth has been using it. impact from the price increase. many analysts expect the price to lead to thirty quarter forecasts. tack a lo take a look at the shares. they're down. netflix and comcast announcing this month they reached an agreement to introduce comcast into the box later this year which many believe could provide

a nice lift for the u.s. subscriber base. >> that was the darling. >> netflix, the best performing stock. >> how things have changed. when we come back, today's must read stories. as we head to break, u.s. futures reporting a higher start. dow futures up 9.5%. stay tuned. you're watching cnbc, first in business worldwide.

now to the must read stories. president obama writing this piece titled "merrick garland deserves a vote for democracy's sake." hee writes, this is, quote, much more serious than your typical case of washington's dysfunction and if we allow it to continue, it could weaken our most important institutions, erode public trust, and undermine our democracy. he's, of course, sara, referring to this idea that he has at least nominated merrick garland, who's the chief judge for the u.s. court of appeals in the d.c. circuit. a stepping stone reviewed by many to possibly a supreme court nomination. he talks about this idea it's been so long. more than four months. of course, they left, congress has, for a seven-week recess. it could be a very long while. >> timing is interesting.

i mean i wonder if this was a planned thing. >> because of the rnc happening in cleveland. >> because the president had to come on television and talk about another incident of officers getting shot yesterday. i mean it seems like that that's where the national attention is right now. i'm not sure how much steam he's going get on that one. >> it's a confluence of crazy events and president obama has made a lot of public comments about all of them so far. >> so the rnc is top of mind for every op-ed writer across the country. i went to the "washington post" today. robert samuelsson who is a frequent contributor. the title on this piece "make america great again", he write is not a policy. it's an exercise in mass psychology. he writes -- the idea is to get

people to displace their anger and frustration onto groups that have eroded america's greatness. mexicans, muslims, the chinese, political and financial elites, and the media. the trump treatment is to ped hatred and resentment for his political gain. it's an interesting read. he talks about some of trump's policies. he talks about banning muslims and putting up the wall. he says that would be harmful to american jobs and if you -- if 11 million people, immigrants, have a force to leave this country, that could also have a significant impact on this economy. it's worth the read. >> i would say wi would always want to focus on primarily the political and economic impacts of these types of policies and that's the reason why we want to see more. that's why so many op-ed writers talk about this idea of trump and clinton and what they could mean given or collective well

being. we're approaching the top of the hour, so that means the team is getting ready for "squawk box." andrew ross sorkin. do you have something -- >> i apologize. we're going to be talk about about what happened in turkey over the weekend late last week and talk about what happened in nice and baton rouge. so we have all those ins to hit. plus we have a couple of big issues to talk about. mark lashry is going to be joining us. he's going be with us at the top of the 7:00 hour. we're going to talk markets. lots to discuss. a little more on politics. judd gregg. you know what took place on "60 minutes" with mr. trump and mr. pence and rick perry will join us. we'll talk energy and politics. you can imagine where so many of these conversations are going to go. that's where we're at.

>> you have a full agendagenda. >> maybe that's going to be mine. >> if it's tuesday, it must be sorkin. >> yep. thank you, andrew. see you soon. >> thanks. >> coming up on "worldwide exchange," a world of worry, but stocks they keep climbing. steven wieting will weigh in on the markets next. you're watching cnbc, first in business worldwide. [click] ♪ i'm coming back to you [click]

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the big picture this year has somewhat been more effective central bank policies to extend the cycle to ease credit market conditions internally in economying. and a major powerful injury. all of these things have been moving in a constructive position. they're offering relative dividend deals. so this is putting thungs together for a rally. >> we have this situation where the rally is intact. the shake it off rally. they talk about playing a huge part. they're improving. you can argue. some say the earnings session still goes on. unbalanced, is it the bigger

picture or corporate fundamentals that you think are going to drive it? >> it feeds in. when you say earnings recession, sicyclical industries, those th do go up and down with real economic sessions, the last three cycles, earnings have fallen 59%, so going down 3%, 4%, what i think this quarter will be is closing in on flat, you know. estimates have been too low. for seven years now, every single quarter will look back. we'll get close to flat and i think we'll start to have improvement in the second half of the year. if there are no political shocks or turns in the economy, we'll go up. >> what qualifies as a political shock? >> what we saw in the case of brexit was very local. you take a look back at 1997. we had southeastern economies fall 12% and global gdp grew 2%.

we've had cases in the past where in 2011 the eurozone economies contracted nearly two percent over two years and the world economy still managed to huddle ahead at 2%. >> all of those instances have proven to be buying opportunitieses for u.s. stocks. >> bear in mind wi didn't go down that much. again, bullish. look. we have very small equity overweights. two years ago we had large ones. seven years into a u.s. economic cycle where it's havled. you are further in. certainly we view this in a late cycle contest but a lot of things we've seen this year, what's happened in labor markets has suggested that this goes on a bit longer. >> how conservative or liberal have you gotten in terms of your view in terms of where markets can head right now in the second half of the year. do you feel this is more of a cautious environment or do you feel it's safe to go out there given the realm of corporate earnings? >> coming into the year we argued that it was a late cycle

virn and we spent two years generally risking portfolios. what we're seeing is not absolute value in markets but relative value. that's why 4% yields in the united states for corporate securities are a strong buy in a world where 33% of government bond yields have negative yields. you're paying up tremendously. it's this relative opportunity that makes us optimistic for certain securities but not in a very, very broad seventy. >> do you buy the losers and banks and technology stocks? >> i think you have to be very selective in buying losers. that generally seems right, but losers in u.s. financials, that's one thing. losers in the eurozone where you have real significant questions are in the uk where you have policy questions, you're taking a more significant risk. >> steven wieting, thank you very much. that's what i'm going to be watching.

that does it for "worldwide exchange." thank you, dom. "squawk box" is coming up next on cnbc. bage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, till it's fresh and try febreze small spaces... ...to continuously eliminate up to two times the odors... ...for 30 days febreze small spaces and air effects, two more ways... [inhale + exhale mnemonic] to breathe happy.

good morning. global markets somewhat mixed after failed coup attempt in turkey and frayed nerves in france following last week's terrorist attack in nice. earnings will be front and center as we count down to opening bell. softbank to buy a.r.m. holdings for $32 million and the republican national convention about to kick off in cleveland following another deadly attacks police officers, this time in baton rouge.

it'smond, july 17th, and "squawk box" begins right now. >> live from new york where business nerve sleeps, this is "squawk box." >> good morning. i'm andrew ross sorkin along with joe kernen and michelle caruso cabrera. becky is off. before we do that, right now in france, they're observing a moment of silence for the victims of the terror attack in nice.