♪ good morning, markets now, the dollar folds and slides as tensions mount live on the north korean border straight ahead. new this morning, china growth. plus, bumped on a delta flight. you could get $10,000 to give up your seat. on monday, april 17th, 2017. "worldwide exchange" begins right now. ♪ hey hey hey good morning, and welcome to "worldwide exchange." on cnbc. i'm sara eisen.

>> and i'm wilfred frost. good morning to you. there's no real commercial break here. >> let's go through the morning. let's check in on the global markets this morning and show you what futures are doing after a downed weekend. sharply down day on wall street. remember, u.s. market was closed on friday for good friday. dow future up 9 points, s&p futures barely up a point. nasdaq up about 3 pointses. a rally last week in treasuries with yields lower. actually the best week for treasury since january. gold up. there's a treasury note yield. 221 after yield. i can see it's sharply lower than a few weeks ago. >> yeah, interesting to see on friday what we saw on the bank stocks.

two things i want to take away, all of the u.s. banks beat on that. and on what expectations were priced in and how much harder it was the bank stocks that beat relative earning given the runup they had. but also how tied the stocks still are to whatever the yield is doing. that hurt the stocks irrelevant to what they're doing. >> it was the story of the week. 3% on the week. >> exactly right. again, keep an eye on that ten-year treasury note. let's get to asia data overnight. china grew. and forecast from 6.8 to 6.9. got a boost in the country's booming housing market. we've got hong kong and australia closed for easter monday. but the rest of asia is open.

japan slightly higher. shanghai down a little bit. 0.75%. also that soft finish on wall street which asia, of course, is reacting to now. as for europe, the major markets are closed across the board for easter monday. >> as for the broader market picture, we'll show you what's happening with oil prices. wti crude gets below $53 a barrel. brent is off. and also a full percent, and nat gas is down. let's show you the trade, weaker dollar story. against the euro 106.24. the euro driven by politics and the french election now a week away. wilfred is all over that story. dollar is weaker against the japanese yen. that strength of the yen setting a risk-off tone. even though the nikkei managed to close higher. and the pound is higher.

1.25. >> and the apprehensions as we get closer more against the yen than the dollar because of course we had a softer dollar. by the way, that's clearly a relative low. but the way it's shown up is in terms of volatility. both against the yen and the dollar. the euro volatility has hit highs not seen since the week into brexit. you can take that for whatever you need to know in terms of apprehension or hedges that people are putting on coming into the all-important vote on sunday. of course, the other thing from last week, the bank stocks have bore the brunt of it. >> french banks. >> yes. down to 6%, 7% over the last two weeks. the reason that comes up as well even though marine le pen has articulated her position of wanting to fuel france out of eu, not the euro.

and delivering a referendum to win. however, the bank stocks are set up in advance of that, if you did get that, it could cause capital from french banks. that's why the banks if you're looking for something very high, potential direction on the day. it's going to be the bank stocks as opposed to a currency or french bond deal which would move. >> i would say three things. you've got the french election in one week. and volatility and nerves that both the far right and far left seem to be gaining steam into that. you've got u.s. earning kicking off, bank of america, goldman sachs, netflix today. and then the geopolitical story which is bubbling up from the middle east to asia. >> on that note, a developing story out of asia, vice president mike pence making an an unannounced visit to the

demilitarized zone. cnbc sheri kang is live on the border with the latest from the developing visit from the vice president. >> reporter: thank you very much, wilfred. so, yes, visiting u.s. vice president is saying that all options are on the table. basically saying the strategic patience the key north korea policy of the previous administration so far. and also pence highlighting that the deployment of the united states anti-missile system here in south korea will happen, for the sake of the alliance between the united states and south korea. here is vice president mike pence on that point during his visit in seoul. stake a listen. >> let me assure you under president trump's leadership, our resolve has never been stronger. our commitment to this historic alliance with the courageous people of south korea has never

been stronger. and with your help and with god's help, freedom will ever prevail on this peninsula. >> reporter: and this importance of this alliance between the united states and south korea also echoed by south korea's acting president. all this after north korea test-fired yet another missile. this coming from the last one 11 days. and certainly, yes, it failed according to military officials in south korea and the united states, but certainly succeeded in terms of getting the global attention and also hiking tensions here on the korean peninsula. and get something reaction out of donald trump as well. he tweeted over the weekend saying the united states military is building, becoming stronger than ever. so, certainly, not ruling out the military reaction in all of this, guys. >> chery, is this meeting takes

place. clearly, it's not the president himself? and the other side, the south korean president is just a temporary president at the moment. so, are people suggesting that this meeting is as significant as the headlines suggest? and whatever comes out of it will be acted upon? or is there a level which say it's not in fact the two main people at hand anyway? >> reporter: certainly, i think it would have carried more weight if it was not the acting president of south korea. but i think it certainly is meaningful in that it sets the tone for the election that's happening in about three weeks from now here in south korea, because south korea had to impeach a president over a corruption scandal. and certainly, all of this and north korea tensions playing a part in election results as well. potentially, giving more support for this other guy, that was

supposed to be widely expected to be a shoo-in to the top office in south korea. >> thank you for joinings from the border of north korea. i would also point to a presidential tweet over the weekend where president trump actually tied the china currency issue for negotiating a deal for north korea. i thought it was interesting because we always wondered in the trump presidency is he going to think about the trade ramifications, these tougher trading relationships on geopolitics, on diplomatic ties and deals. and clearly, he absolutely is. >> but i completely agree. the broader point of why bringing together trade broadly and economics with geopolitics. and that's certainly very much tied at the moment. news out of asia, bank of

jachlt p japan kuroda says consumer spending is picking up. kuroda was cautious when discussing inflation saying his lack of momentum at next week's beat meeting, the boj is expected to keep his policy unchanged. turkish president erdogan speaking to a crowd of supporters in instan bull overnight says the outcome will help turkey's economy as well as give them the tools to better fight terrorism. critics say the results were skewed and the outline come deals a blow to turkey's democratic system. turkey is, of course, one of the best performing global markets at more than 50%. as for the turkish lira, if you haven't looked at the move today, now at 1.8% move stronger. but both should be put i in perspective, the turkish lira down 28% over the last 12

months. a 2% bounce this morning, but relative to significant declines over the last year. commerce secretary wilbur ross firing back at the imf. last week, the international director of the international military fund christine lagarde. last call, the warning, quote, rubbish saying those accusing the trump administration of protectionism are firing at the wrong target. and that the u.s. is the least protectionist of major areas followed by europe, japan and china. it comes out of meetings in washington where all of central bankers gathered to talk about issues of cooperation of economic policies and trade. of course, i'll be heading down there later this week. trade protection and populism for the election is for sure front and center. >> and this week, in a memo, in

terms of the countries it's watching. >> just monitoring. >> among the list of those just monitoring i thought it was hilarious to say that germany was one of them. you can't say that you're watching -- it's one or the other. you can't trade -- because suggesting we've got to watch new york's dollar because it's higher than what the natural average of the u.s. would be. it's slightly frustrating out there in the administration that they continue to bend the facts to get their points across. >> they're like, but you can assure it's absolutely meaningless. >> right. meantime, president trump is set to fill a key post at the federal reserve. "the wall street journal" reports randall quarles is expected to be the chier of the division. the position which requires senate confirmation.

president obama never nominated anyone to the job. dan tour little low has been the acting chair. if we get an appointment at all because there's a lot that can be done just by changing tone from the person at the top. the first hurdle is to get someone in that position. and the long list needs to be approved by the senate, et cetera, and what this person will really represent. and people's initial reading seems to suggest he's not someone on an ideological basis wants to roll back inflation but under trump wanting to take a pragmatic approach. but the fact that we're nearing an appointment is a positive for banks. earning season gets under way and plenty of economic data to digest as well today, the national association of home builders puts out a national survey. tomorrow, look for housing

starts. and the beige book wednesday, philly fed survey. friday, home sales. and 63 companies have reported results this week. netflix and united after the close today. we'll also hear from the rest of the big banks. bank of america, goldman sachs and morgan standing. other names united health, j & j, ibm, travelers, visa and ge. when we come back, this morning peace corporate headlines, plus delta's big money plan to deal with overbooked flights. this is the topic du jour. [phone ring]

hi anne. so those financial regulations being talked about? they could affect your accounts, so let's get together and talk, and make sure everything's clear. yeah, that would be great. being proactive... it's how edward jones makes sense of investing.

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because we should fit into your life, not the other way around. go to xfinity.com/myaccount good morning. if jury just getting up, happy easter monday to you. let's get you up to speed on the market action. last week, we did see a selloff on friday, half a percent of declines. the nasdaq as a whole, we're left with 1% of declines and the s&p and dow and the nasdaq. this morning, we're looking like we're going to open slightly softer by the tune of about 1%. it was a general riskoff move last week. we saw buying of treasuries on the flip side of selling equities. that pushed yields towards the end of the week, the ten-year treasury, 2.21. as you can see, remarkably lower than where we've been for the

last couple of weeks, 2.4%, 2.3% level. individual stocks to watch this week, wilfred, delta is changing its policy about bumping customers. the service agents are now authorized to offer up to $2,000 for volunteer boarding. the limit of 100 before. and some cases agents can offer up to nearly $10,000 for being bumped. >> i felt this yesterday coming back from miami -- >> did you get bumped? >> as you were checking in, it flashed up -- the technology, you know, when you get to the airport, i didn't speak to anyone, but it's automatic, did flashes up would you like to be added to a list of potential -- i put no. but i like that you get asked. anyway, i got the flight. moving on, ali baba's moving

up big for moneygram around $1.2 million. the company signing a deal to buy moneygram for $180 million. and euro net's $455 billion offer. got a bidding deal there going. and the fda rejecting approval of eli lilly and the rheumatoid arthritis drug. the fda saying more information is needed. the stock rate not reacting too heavily. some stocks to watch, bp oil well in alaska continues to leak natural gas into the area this after the out-of-control well started spraying crude oil. the company said it couldn't quantify how much oil had spread in the area because it's still too danger ice for workers to approach the area. down 1.2% -- no that was thursday. of course, london is still

closed for easter monday. abbott labs and ahelere reaching an agreement. abbott will pay $51 a share down from the original offer of $56. this brings the value of the deal down to $4.4 billion. apple is considering teaming up with foxconn for the tech business of several billion dollars in more than 20% of plan that allows toshiba to maintain a partial holding in the company. up next, we're headed live to washington to set you up for events to watch. plus, a record-breaking weekend at the box office why "fate of the furious" could be the biggest opening ever. and the forecast from nbc's bonnie snyder. good morning, wilfred and

sara. look for warm temperatures in oklahoma 81 degrees in dallas. as we look to the storm, much of it will ride out the stationary front. temperatures are going to be cooler as we go through a good morning of the day, especially new england and tomorrow even cooler than that. notice highs in boston in the 70s. of course, the marathon is today. what a difference the day makes. tuesday, 47. temperatures are going to stay very warm tomorrow across oklahoma and into dallas, texas climbing to 85 degrees. in the northwest, that unsettled weather pattern remains with rainy conditions and cooler temperatures. that's your business travelers forecast. more "worldwide exchange" when we come back. ow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company.

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welcome back. after a failed missile launch this weekend, trump administration and leaders are continuing their tough talks against military action. vice president mike pence traveling to the region. nbc's tracie potts is in washington with the latest. tracie. >> wilfred, good morning. the big issue this morning is the u.s. going to pursue diplomacy trying to get china involved or could we be looking at military action here? so far, the comments came over from vice president pence in the

hot zone. vice president pence just hours ago at the dmz, demilitarized zone between north and south korea making it clear that nothing is ruled out discovering the failed missile test. >> all options are on the table as we continue to stand shoulder to shoulder with the people of south korea. >> reporter: despite a strike team in place, military action does not appear to be the trump administration's first choice. >> there's time for us to undertake all actions we can, short of a military option to try to resolve this peacefully. >> reporter: any push to get north korea to back down is almost sure to involve china, north korea's only ally and largest trading partner in the region. >> whether they're currency manipulators or not, we should expect them to act to prevent what could be a cataclysmic event. >> with china putting pressure constantly on north korea they have an opportunity i think to

try to freeze the system and roll them back. >> reporter: lawmakers say president trump needs a plan. so far, he's been silent on the missile test. but hes not been silent on twitter, not uncharacteristic from the president. he talked about this in the context of china saying why would we call china manipulators when they're working with us on the problem. >> thank you very much. switching gears to entertainment news the latest installment in. the "fast & furious" franchise zoomed to the top of the box office. $532.5 million, the highest global opening of all time. the "fate of the furious" made $32 million outside of the u.s. in canada. the first series to open in the same weekend in china as the rest of the world. what is that the eighth?

>> i think i'm two or three behind this. i'm at four or five. >> i think that's eight. >> wow. >> 64%, rotten tomato. not that great. >> yeah, i always go for the ones that go 50% or 60%. the critically aclaimed movies roe. >> you're not into that? >> no. >> i like 80% plus. still to come this morning's top stories, plus, we're in countdown mode ahead of the french elections. alastair newton sets us up on what to expect here on the way. incredible bladder protection in a pad this thin, i didn't...

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spots, north korean tensions rise, turkey votes and the french connection on the horizon. we'll set you up for the busy weekend ahead. plus, two drugmakers understand serz pressure after the fda approves approval of their drug. plus, oh, snap. senate khat is doing damage control. we'll tell you about straight ahead. it's monday, april 17th, 2017. you're watching "worldwide exchange" on cnbc. ♪ oh snap oh snap get ready for this ♪ ♪ good morning. welcome back to "worldwide exchange" on cnbc. i'm sara eisen. >> and i'm wilfred frost. >> no idea what that is. >> i was confused to the wording of the headline i realized it

was to pair it with this lovely song. let's take a look at global market action comes off a negative week we saw about half a percent decline on friday. the nasdaq down 1.5%. it was a generally riskoff week we saw, selling and buying of bonds, pushing yields on the u.s. yield curve. you can see a mixed picture. we've improved fractionally in the last half hour. the nasdaq now expected to open fractionally positively. asian trade for you, australia and hong kong closed for easter monday. shank shy is down 0.75% despite gdp coming in 9.6%. european markets are closed pretty much across the board. if anything is open, of course,

easter monday holiday there. >> which you're not getting here in the united states. >> no, much to my dismay. >> as part of the market picture, oil is under pressure to the tune of almost a full percent here. wti 52.73. brent at 55.38. nat gas is lower. yield continued to be lower. treasuries rallied hard last week that send yields down. they're down 2.21, that reflects the skittish tone we've seen from investors that was certainly the dominant theme of the week. ahead of the political risks, risks of french election and the trump policy agenda. as for the u.s. dollar it's been a little weaker. the euro at 1.0619. the dollar is weaker also against the japanese yen about.030%. and gold prices up the strongest

level they've been since back in november of last year. so the bid for gold on the back of weakness for the dollar and just a general rise for intention and bid for safety. the vix, volatility index of u.s. stocks climb last week. we're near the highest level since before the week before the election last year. >> volume relatively low. turning to the agenda for the week ahead, earning season gets under way. there's plenty of economic data. today, the national housing board survey, wednesday, beige book and philly fed survive. and friday, housing sales. and six s&p 500 companies up. and netflix, and goldman sachs and bank of america, on tuesday morning, stanley on wednesday. and i'm not quite sure why --

also later in the week, united health, j & j, verizon, visa and ge. france, of course, heading to the polls this sunday, it's turning out to be a very tight race. latest polls show jean-luc continuing to soar and closing on the gap with marine le pen. joining us now to discuss is alastair newton. head of alavan. thank you for joining us. >> thank you. >> let's discuss in the headline, it was viewed that it would be the far left candidate and marine le pen, the far right candidate. in that second round, he would beat le penn, is that the base case for experts like yourself?

>> it's still the base case for me, but it is a case that has more for risk in it than most pundits and probably most investors. we saw the move last week in market and have yet to realize. i think we've got two things we need to consider in particular, first of all, the manner in which he's surged has been impressive. it's possible that we may see them in the second round. however, le penn do get into macron doll get in the second round. a lot of action switches to le penn and pushes her very her to that 60% mark which she needed

for the sebdcond round. i do think there's a serious possibility for le penn winning this election. >> alastair, when we look for some of the potential sources for where surprise could come from, of course, with the election of donald trump and the brexit vote fresh in our memories, there's some analysis that suggests her digital campaign, her online campaign, is much more superior than some of the mainstream media campaigns in the way that the polls may be assessing things. >> that's absolutely correct. although, we've been looking at reports published, on the program later this week they've been doing an in-depth analysis of the digital campaign. in this day and age, elections can be easily won or lost on the internet. but in a number of key potential

votes, at the moment, le penn is outpacing that macron. and there are signs that le penn could continue to outpace macron in the digital domain. and as a result, do better in this election than many expect him. >> another theme of the surprise outcomes that we've seen over the last year, alastair, has been turnout is a big wildcard swing factor, certainly saw that and making the polls theerd p r predict. what's your feeling in france? >> correct. you're looking at 37% to 40% of french voters who say they will not vote this coming sunday in the first round. that's roughly double what we saw back in 2012.

and we know from historical experience in general, low turnouts tend to favor the more extremist candidate. so, i do think that it will be quick and i do think we'll get a stronger turnout in the second round than polls are suggesting at this time. >> alastair, thank you for joining us. sadly, we have to leave you there. >> low turnout helps the extreme lift, and also what he said at the top there that a marine le pen win is almost a 50% chance. it's higher than what you hear. >> i wasn't quite sure about more than 50% chance. >> below that, he said. >> certainly more likely what people expect, and what investors expect even after the declines we've seen in french banks over the year or so. so much is relied on the second round, we'll see the centrist

candidate unite against the insider. that has played out when you look at chirac's victory 12 years ago and 2015, it's not simply two main candidates plus an outsider. there are seven candidates pulling above 4%. and two main parties thirdnspec >> so many rounds. in corporate news, shares of eli lilly and insight under pressure after rejection from the fda. landon dowdy has details. >> drugmaker eli lilly getting a surprise rejection from the fda in what was supposed to be a sure fire blocklockbuster. some analystists estimating it could generate more than $2 billion in sales.

according to lilttlllilly, the wants to see better timing. and the fda will be working with lilly. and a brand that was 00 proved for use in europe in february was expected to be a big seller in the u.s. in part because most other rheumatoid arthritis drugs are injectsed making them less appealing to patients. but yesterday's result makes it more difficult for eli lilly. >> landon, thank you for the update on the rejection from the fda. and trending stories now. viral video alert, "saturday night live" and jimmy fallon making headlines after dragging both united airlines and pepsi into one sketch. take a look. >> i made one of the biggest

mistakes a person can make. i'm sorry, and that's going to take me back forever. [ laughter ] what do you say? >> no! doug, you dragged a man off a plane this week. [ laughter ] >> all right, all right. >> i'm so sorry about him. that's okay, don't worry about it. anyway, back to us. tell me more about you, what do you do? >> well, i just directed this huge pepsi commercial. >> no! >> i love that. what's amazing, it doesn't explain the story but just highlights how well everyone knows. amazing. united reporting is this week. >> today. the white house -- another trending story -- the white house is denying reports to ride in a goldplated carriage with

the queen, the carriage is, quote, an essential element. the white house saying the report is completely false. and they have not started working on the trip. >> how is it that anybody would ride in a golden carriage besides the queen? >> right. i think for a state visit it is common. i was looking for this this morning, it didn't happen in some of the most recent visits including president obama during his time. but it did happen with president xi, for example. i'm not sure, is it a specific request that comes from a foreign leader, whether it was offered and president obama declined it. listen, clearly, i think what is amazing the pomp and ceremony that the queen can offer is an attraction to foreign leaders. for someone who doesn't exercise outright power and head of state

of a government it gives us power to woo leaders. >> even though the white house has totally denied it. >> fine, they still wanted the visit overall. >> who doesn't want to ride in a golden carech. >> right. i would, big time. when this happens in october there will be huge amount of protests. there's divided opinion on president trump and whether theresa may offered it so quickly. the #uninstall is trending after spiegel said, quote, this app is only for rich people and that he didn't, quote, want to expand into poor countries like india and spain. reports from snap calling ridiculous coming recently from an unredacted report complaint a

bizarre kind of he said/she said story. clearly making an impact and trending in places. >> yeah. >> there's lots of potential holes in that one. but it takes effect. shows the power of social media. still to come today, today's "must reads." first, here's a look at the energy market. a little soft, down 4.8%. off a week where oil gained nearly 2%. we're back in a couple minutes. thanks for loading, sweetie.

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exchange." time for must reads catching our attention. it's about geopolitics today. my pick in politico magazine, this is the must read. how to make a deal with north korea. writing the primary danger, a lot of people don't understand this -- instead, instead of united states attacking north korea, saying north korea may overplay its hand and provoke a military respond from south korea. this could quickly expand into a larger conventional war, inevitably involving the united states. which has 30,000 troops based in south korea. north korea could lose the warn and they as the leadership sees their regime collapsing.

saying there is room for diplomacy that should come, he says, before military action. >> my must read in the financial times, getting lesser attention than north korea and the french election it's titled "erdogan's pursuit of one-man rule exposes two turkeys." that comes all of the constitutional referendum result yesterday. it's highlighted he already claimed most of the powers of the prime minister's office. the latest constitution referendum he claims most of the powers of the legislature as well. and david gardner highlighting the issues saying since last summer's bloody but abortive coup attempt by a hither to allied islamist faction inside the army, the government has jailed around 40,000 people and

fired and suspended more than $130,000. generals and police, judges and teachers and civil servants. some 200 media outlets have been closed. the constitutional that he won yesterday cements that. the dynamics between the eu and particularly in the middle east over the next three or four years is going to be hugely impacted by this. >> on the strong market on this idea that the domestic economy will now potentially strengthen or at least in his interest to do so now that he consolidated power might be a little contrary. >> particularly, the geopolitical disputes. the euro is down about 1over th 12 months. still ahead, we'll look at

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welcome bax to "worldwide exchange." u.s. equities painting a better picture. s&p up a fraction of the a point. nasdaq got hit the hardest last week. with us it peter boockvar ahead of the lindsey group. what will you be watching this week? >> well, the interview you just did, i assumed that macron was probably going to win and i think the markets assumed that but i think as we get closer with all of these different candidates, maybe it is. maybe that's why the cac is

down. i assumed le pen had no chance. and the other far left candidate came out of nowhere. signing geopolitics, usually, the effect is fleeting. we get worried about it, people then shift back their focus to economy and earnings. i still think that's the case here but it seems like this is going to linger than we initially thought. >> we should also point out that the french market is closed today. >> right. >> in terms of other facts to watch, of course, for markets, yields continue to fall. we've seen bond buying back again. is this going to continue now, 2.2%? >> well, the 2.3260 range was in place for months. i think it's a message that fed raising interest rates in an economy that'sed me yo mediocre

see that growth rate of 1.6% last year. we have worries of tax reform. i think the possibility of tax reform getting pushed out to 2018 actually has negative connotations for this year. and weak for next year to make capital commitments. >> and that seems to be a little bit of the concern with the geopolitical issue, president trump now focused clearly on north korea and syria and the broader middle east problem. at the same time, saying we still have to do health care before tax reform. what does that all mean? >> right, continues to push it out. also if they can't get the border adjustment tax. and it will be something higher instead. so, i think that people initially when he was elected, they just assumed that everything would be clean and it would be quick and now people

realizing it's more muddy and it will take a lot more time. >> in terms of earning, it just kick off late last week and picks up now, how much earning do we need to see? >> we're going to see 10%. i guarantee 70% of the companies will beat. that's the typical rate. you take out energy and financials, earnings are maybe 5% to 7%. revenue growth still looking at about 2%. and i think it's still hard to generate revenue growth. look at russia the market was up 10%, earnings were flat. we've discounted a lot of increase in earnings to pe multiple expansion, going to about 22 times trailing earns going into this year so we've cap towards a lot of the earnings with that. and the question is with monetary policy now a potential

headlines, is that starting to impact multiple which is i think it potentially will. >> so, what's the trading action on all of this? i know traditionally, you're a fan of commodities like gold. what sort of moves you have been making lately on some of these ideas? >> well, i think trump's comment i don't want a strong dollar pip while it's not a surprise to any of us that he actually threw his hat in the ring and decided to comment on currencies we now have every country of significance in the world that doesn't want a strong dollar. the interesting thing for gold in the last couple years it's traded well against nine dollar currencies and recently trading good against the dollar you throw in a president who doesn't want a strong dollar. >> a case for gold. peter boockvar, great to check in with you of the lindsay group. >> we've got about 10 seconds

left -- united airlines -- >> a big gainer since last quarters. >> that's it for "worldwide exchange." "squawk box" is next. you get used to food odors in your car. you think it... ...smells fine, but your passengers smell this bell dinging new febreze car with odorclear technology cleans away odors... ...for up to 30 days smells nice...

good monday morning. the vice president vitting the demilitarized zone between north and south korea due that to failed missile launch. earning season kicking into high gear. we'll get you ready for the flood according to results set to hit the tape. and delta airlines bumping up the compensation dollars for bumped passengers to nearly 10 grand. we'll get details straight ahead. it's monday, april 17, 2017. "squawk box" begins right now. ♪ >> announcer: live from new york where business never sleeps this is "squawk box."

good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with andrew ross sorkin. joe is out today. joining us for the hour is todd gordon, he's the fouvndzer of tradi tradinganalysis.com also a cnbc contributor. good to have you here. >> thank you very much. let's take a look at monday equity futures after the holiday shortened week last week. as we come back, looks like the bulls are making modest advances. the dow futures indicated up by 15 points. s&p, less than a point, nasdaq up over just five points. overnight in asia, chinese gdp grew to 6.9%. that was the fastest pace since 2015. stocks in shanghai were down