♪ good morning. macron wins the political outsider defeats marine le pen in the french presidential race sending the euro in a six-month high. we're live on the ground in paris, straight ahead. from buffett, from wells fargo, to trump to taxes, shareholder meeting coming up. plus, deal buzz, major wireless partnership in the works. it's monday, may 8th, "worldwide exchange" begins right now. ♪ good morning, and a very warm welcome to "worldwide exchange" on cnbc. >> i'm sara eisen.

>> and i'm wilfred frost. very good to have you all with us. let's get straight to the market action. >> our top story this morning, france electing a political newcomer as its new president. emmanuel macron winning 66% of the votes, besting marine le pen. at just 39 years old, he will be france's youngest president ever. the market reacting this morning. initial strength in places like asia. the euro topped above 110 yesterday. since then, it's actually weaker by 0.4%. very much buy the rumor, sell the fact. the market was way out in front of this vote after the first round resulted in the emmanuel macron victory. the french cac, last week up a

quarter%. and last week, already posting in a positive way for european stocks, french stocks. the germ dan dax down. and the equity futures, let's show you what happened after the s&p and nasdaq managed to close at record highs on friday. s&p gained more than 0.5%. another straight positive week. and futures are a little changed down less than a point for the s&p. dow futures down 20 points. nasdaq futures down 1. interesting that stocks last week were strong in the face of very weak oil prices. the dollar was a bit weaker as well. some of the correlations that you've been talking about breaking down a bit. there are concerns in asia about growth. so far u.s. stocks. >> reporter: resilient. >> yeah, last week, not huge gains but nine out of the 11 esectors as well. and just looking at that performance in france, not just last week, since the french

market was up over 7% by friday's close. hence, we're picking up a little bit of that ground this morning despite the resounding victory from emanual macron. in asia, trade coming in weaker. we're seeing soft trade off of shanghai. 8% and expected to grow 12%. imports. also disappointed, on the capital side, the foreign exchange side we did see reserves stay up for the third month in a row. at least a sign, propping up the currency issue, the chinese not needing to spend as much reserves as they have in the past. asian trade mostly holds. japan up after a close last week, shanghai down 0.8%. let's move on to other assets. we've mentioned on the trade.

2.35%. as you can see, we did see the euros tick up last week. we actually had 2.358 last week. prices as we mentioned a significant mover last week. still down 6%. and as i mentioned it was soft last week, for the fourth week in a row, the euro is the big mover. the upside, just dollar weakness this morning. we saw a little more dollar weakness outside of the trade. euro. and softer against the yen. gold prices to round things off, they are up slightly today. having been down about 3% last week. back to this morning's top story, the market is breathing a sigh of relief after emmanuel macron defeated lama marine le pen in the french election. after a divisive campaign, we're asking what is next.

joining us from paris, good morning, michelle. >> good morning, sara, emmanuel macron won with 66% of the vote, compared to marine le pen. that was even better than initialpy. some suggested he would only get 58%. a stronger win than predicted. what is better now? joining us one of the key spokespersons joining us live in paris. good to have you here. >> thank you so much for having me. >> we spent the last couple of days speaking with business owners and they just really want labor market reforms. the 35-hour work week makes them crazy. they say it's so difficult to lay people off. they're hesitant to hire. because they know it's tough to fire. he has promised labor market reform. how soon can that happen? >> he's going to do that very quickly.

he wants to do it. probably the beginning of the summer. he's going to reform and simplify the labor market in france. he understands it needs to be simplified. how is he going to do it? probably from specific orders. but he wants to do it. he will do it. and again, he's going to do it by executive order, probably early july. depending on what's happening, because as you know, we have elections which are similar to parliamentary elections, midterm elections. and it's happening in june. so the priority of this moment for the president-elect it to bring in a strong majority and make sure we have a strong majority to reform it. >> on that note, yes, he got 66% last night. however, when you go back to the first round nearly 50% of the french population voted for

candidates who actually don't want labor market reform. they want more state intervention. a statist government. how is he going to overcome that which say large portion of the population? >> that's the challenge. he understands he has a challenge ahead but he's extremely catch dent about what's happening in france. he thinks that most of the french people understand that this country needs reform. this country is ready for change. he wants to do it. now, the battle at this moment is to make france attractive to the rest of the world. to simplify, again, some labor laws, and also to build up the majority which we -- to reform the way in which he wants to reform the country. >> he made that point last night when he made his speech in front of the louvre that he really needs to get that help from the people. we're showing live pictures from

emmanuel macron. this is the commemoration of the end of world war ii. there's a huge ceremony involving the current president which is francois hollande. emmanuel macron will take part in that ceremony which happens at the arc de triomphe, the grave of the unknown soldier. wilfred, i understand you have a question. >> i do. i wanted to come back to a position very crucial in the race where is whethmr. macron s 46%, 47% of people voted for candidate s aren't favorable towards the eu. does that suggest to you that the eu needs s ts to wake up a reform? >> wilfred it needs to be from

the president macron. he's said that. he's first international trip will be probably for germany. he wants to go to germany. yesterday, he wanted to speak first to the german chancellor angela merkel. he wants to reform europe. but to reform europe, he also wants to reform france. it's important for strong europe. and that's, going to be what he needs. he wants to do the convention in europe. he wants to strengthen a partnership, all the european partners, regarding -- regarding defense and the fight against terrorism. he was the only candidate for an advocate. and that's going to be between the french and european

president. >> he's got a domestic agenda and international agenda. thank you for joining us. we appreciate it. >> michelle caruso-cabrera, we'll see a lot more of you out of paris. clearly, not just french breathing a sigh of relief but europeans in general. this is a real test. >> big test, resounding 56 forefor macron. the fish going forward when he can build a national assembly he doesn't have that watparty base. the question is can he deliver the reforms over the next five years to get france out of this economic cycle. >> if it doesn't come back if five years -- >> clearly. clearly, mr. hollande failed to do that in the last five years. coming into power, 39, when

lorenzi became the tellian prime minister, he failed on that. so it's a test for mr. macron. >> corporate news. comcast and charter are gearing up to announce a major partnership. landon dowdy has details. >> a source telling cnbc that comdaft and charter plans to announce a wireless partnership as soon as today. the partnership is aimed at cutting the costs, as well as speeding up into the wireless market. as part of the agreement, neither company will make any deals in the wireless without the consent. the two could make a play for a wireless carrier company. cable companies have been looking for wireless to retaining customers as well as make their bundles more attractive to new customers. take a look at shares. comcast and charter are unchanged. bark to you. >> all right. we'll await official word of

that. warren buffett spend the weekend with about 40,000 ever his shareholders at the annual berkshire hathaway meeting. criticizing wells fargo from failing to stop employees from signing up customers for the fake accounts not acting when he learned about the issues and in his words, intensifies that type of behavior. and buffett supports the current management. he defended the company's partnership with brazil 3g. saying quote, 3g is very good at making a business productive with fewer people. becky will be joining us later this hour with the highlights from this weekend's meeting. and warren buffett will be joining becky at 6:00 a.m. and also joining the show, charlie munger and bill gates. and criticizing the republicans'

health care bill saying it benefits wealthy people like themselves. to this week's wall street agenda. a lot of fed speak on the docket. from the policy manager every day this week, we'll hear from dudley evans and hawker. and the surprise index is out on thursday. consumer price index on friday. and retail sales. on the corporate, earning this week, society, sisco and pandora and tomorrow, disney. wednesday, 21st century fox. thursday, macy's and friday jc pennny. amazon may top by the end of the month. tomorrow, be sure to sit down with wilfred exclusive lloyd blankfein at 2:15 on

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the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. welcome back to "worldwide exchange." good morning to you. let's look at the market action. in asia, we're seeing red in shanghai. that's off the back some of slightly disappointing chinese trade data. the fx groove. that was positive. in general, the market reacted to disappointing trade numbers.

japan closed for three days. it was playing catch-up. european trade despite that resounding visibility 44 from emmanuel macron, it was mixed. bear in mind, over the first two weeks, the first round result, the french cac was up by friday's post. we're lose something ground today. that resounding victory came through last night. all of that together does mean u.s. futures are a little soft. it comes off the back of gains last week, about 0.1%, the nasdaq. the tech was the post performer. 0.2 down. sara. making headlines this morning, china's president tightened controlling over news channels and channels. xi jinping has made it a top priority. he's been pushing for strict control over content. china bought sites such as google and facebook.

back here in the u.s., paul singer's elliott management raising about $5 billion in 24 hours. singer telling investors he wants cash on hand to use when investor confidence is impaired. correlations and assumptions don't work and prices are changing rapidly. elliott manages nearly $33 billion and that does not include freck capital. akzo saying the bid undervalues the company's antitrust risks and doesn't address other concerns. canada's hudson bay parentally hiring a debt adviser for the company. for neiman marcus. hudson bay set its sights on neiman marcus back in march. they say little progress has been made. sinclair broadcast nearlying a deal for tribune media.

comes just weeks after the fcc voted to reverse a decision limiting the number of tv some that can buy tribune that has risen significantly over the last week or so. tpg backed consortium gaining $1.6 billion for fairfax metro media. sabra health care and ccp set to combine a $7.4 billion deal. the company is expected to combine an all-stock merger. barrons says amazon shares could seed $1,000 by summer. it's possible the stock could gain 20% in a year. still to come, the washington day ahead, why russia's alleged interference in u.s. elections is back in the spotlight today. first, as we head to break, here's today's national weather forecast from nbc's bill karins. good monday morning to you, sara and wilfred.

after a miserably cold and dreary weekend in the northeast the storm is exiting so it will be dry. but the temperatures are still very cold for this time of year. some area, 30s and 40s. 38 million affected by frost visors or freeze warnings. it's not what we want to see this time of year. it's going to remain chilly. we're starting offer in the 30s and 40s. a few spots in even starting off in the 20s including marquette, michigan which is 17 degrees. it's still chilly for this time of year. southeast looking beautiful. no problems whatsoever. middle of the country somewhere all the warmth is. watch out in denver, slight chance of afternoon thunderstorms and small hail. that's the forecast. more "worldwide exchange" when we come back.

welcome back to "worldwide exchange." filling up your gas tank just got a little less expensive. the average price of a gallon of regular gas alone falling five cents. lundberg said the drop affects lower cost for crude. the national average for a gallon of gas about 14 cents higher than it was this time a year ago. now to the day ahead in washington, russia is back in focus on the election. tracie potts joins us with the latest. >> good morning. potential bombshell testimony from a former obama administration official who will says she knows something about russia and possible ties to the

trump election. >> reporter: sale yatly yates g into a senate panel to talk about fired mike flynn's ties to yushia. >> she apparently has some information as to who knew what when that she is willing to share. >> reporter: yates was fired early on in the trump administration. republicans are expecting to her of politicizing the situation. >> collusion. we're going to germ whether there was any or not. and where those facts lead us. >> reporter: congress is also taking a fresh look at health care. >> the senate is starting from scratch. >> reporter: the house got rid of obamacare. now president trump tweets republican senators will not let the american people down. >> it's up to the senate, if there are improvements to be made, to make those improvements. >> reporter: but the republican plan faces an uphill battle. >> it is not true. >> reporter: with lawmakers back home already explaining their

votes. >> we're proud of this. we're proud of this effort. if you have medicare, medicaid, insurance through the v or tri care, none of this affects you. >> reporter: the trump administration says they're fixing limited options. one insurance plan or none, available in some states. and we'll continue to follow that issue today, including the politics of it. wilfred and sara, there's a group called save my care. fighting to save obamacare. their rolling out a $500,000 ad campaign targeting the republicans who voted for the plan. >> tracie potts for us in washington. we have a big weekend at the box office. disney marvels "guardian of the galaxy" brought in an estimated $145 million in the u.s. that makes the film, marvel's 15th straight number one opening at the box office. the film starting chris pratt

and has brought in about $428 million world wide. disney reports earnings tomorrow after the box office strong, hit after hit. sometimes it waivers from espn, some losses there. and also a lot of merchandise potentially. >> oh, yeah. and benefit for toymakers as well with licensing with hasbro. coming up this morning, the top corporate stories, a rally of global markets. plus, we take you live to omaha following warren buffett's big weekend. stay tuned, you're watching "worldwide exchange." you get used to food odors in your car. you think it...

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good morning. france with emmanuel macron's first president. we're live. for and warren buffett talking about everything from health care and the new bill. we're live. and banksy is friending once again. you're watching "worldwide exchange" on cnbc. ♪ just like fire burning up good morning, welcome back here to "worldwide exchange." on cnbc. i'm sara eisen. >> and i'm wilfred frost. good morning from me as well. let's get straight to market action this morning.

somewhat of a liberal surprise that we are looking at red across the screen, despite a resounding victory for emmanuel macron in the french election. 65 brs 65% to 55%, over marine le pen. but markets are softer. expectations that result in down about 20 points. the nasdaq led high by the tech sector. and let's have a look at european trade. as i said, it had run up significantly in the last two weeks. the french cac up in 7%. up 0.8%. this north, the ftse 100 flat. janua japan closing high. shanghai down after disappointing trade. and i wonder how long it

takes before the conversation in europe turns to the ecb. because the ecb was holding out waiting for this big political risk. now that it's got there been, will it look for its balance sheet and federal reserve. >> i believe they will turn its attention to italy which is the next big election on the docket. germany. may of next year. the and either way, this is a significant victory in the political front for the europeans. for mr. macron, clearly. but still hurdles to come. certainly in the short term - and investors got this one right after getting brexit and trump totally wrong. out to the broader market picture. let's show you the price of oil, it had a rough week last week and it turns lower already this morning. that didn't take long. wti crude $46 a barrel. it was down 0.6% last week.

ten-year fresh sorry note yield. a little change this morning. in the direction of more fed speakers. the action has been calm. they are back above 2.30. 2.34. the dollar is stronger against the europe. the euro pop on the result of the election last night to 1.10 then retreating and pulling back. it has surged on the anticipation of this considered pro-euro. as for gold prices, after a 3% or so decline last week, this morning, they're a bit firmer about about .33%. >> californmacron taking 66% of vote. joining us now, good morning to

you, thank you for joining us once again. >> good morning, wilfred. >> i suppose the head line is this is a bigger margin of victory for emanual macron but to what extent is this more a vote for emanual macron than against marine le pen. >> it was more of an anti-le pen vote and a pro-macron vote. what is amazing, we had 12 million french people who decided to go for extension. and 4 million with blank vote. which weans one french cities out of three decided they didn't want either macron or le pen. not only do we have this majority to resounding victory, no doubt about it and he has tough challenges ahead. he was speaking yesterday about the unity of the french people. to have people all together, fine, great challenge to face.

but at the same time, we are a bit more than one month away from the legislative parliamentary elections ashnd i will be a tough task for macron he has to shape up 289 deputies out of 577. but he's surrounded with enemies. you could have heard yesterday the leader of the far left party, melenchon saying we welcome the new french president. we're going to come with resistance to him. and we have the traditional right wing party with a guy of the generation of macron who is going to lead the wright wing party which has been the big loser of this election. >> what is next for la penn and her party, is he also reinvigorated? >> well, madam le pen got the best score ever.

11 million people voting for her. 3 million the first round. and twice, better, more than what her father did 15 years ago in 2002. versus chirac. but definitely, they have to change the party. and i think that if madam le pen is losing the parliamentary elections, believe me, we can already predict that it will be a big fight inside the party, big reshuffling. and i could already hear the niece of marine le pen, mario mi michelle le pen. >> and we've seen mr. macron received an endorsement from former u.s. president obama. does that mean that his relationship with the u.s. is likely to be strong or strong since obama and president trump were strongly opposed that mr. macron is on a path to clash

with president trump? >> mr. trump on one hand, mr. putin on the other hand, sent messages to mr. macron saying we are ready to work for you. and mr. putin saying we hope you're willing to end the bones of contentions we have together. but let me tell you, it's been organized by a former french journalist based in washington. and who knew obama very well. great relationship with obama. and as she works now for macron. she's the one who organized the whole scenario of obama definitely backing macron. i think macron is closer to obama than trump or putin. >> france's place in the euro is very much backed and stronger today than it was a couple weeks ago? >> yeah. we can say that most of the countries of the european union are very happy about macron's

victory. definitely. i would say that it's clear that country where is the populist movement, like hungary and pollland more reserved definitely going to the far right. >> christian, great to see you. zblaun zblau >> thank you. lots of fed speak each day. we'll hear. and the survey comes out tomorrow. the price index is the thing to watch on thursday. on friday, the consumer price index and retail sales. >> on the corporate front, big names reporting, we've got sysco and pandora. tomorrow, disney. wednesday, 21st century fox and

whole foods. thursday, nissan, macy's, and friday jcpenney. stocks to watch today, sources telling cnbc, comcast and charter communications have struck a partnership. the move aimed at cutting costs entering into the wireless market. more details are expected to come later today. of course, comcast is the owner of nbcuniversal. the parent company of cnbc. akzo nobel rejecting its takeover from ppg industries. akzo saying the deal is is not in the best interest of its shareholders. canada's hudson bay is looking to hire a debt a veer for restructuring. and little progress has been made. a mysterious graffiti artist banksy said he created his

brexle murabrex brexit mural. some people criticizing the star's weren't actually to number number of members. of course, it's flag is not going to change. but, still, we get the message behind it. >> yeah. and the mystery goes on. clearly does. emma watson is getting some buzz on the mtv tv and movie awards. it was the first time that the award was not divided into best male or female category. watson speaking about what the prize meant to her in the acceptance speech. listen. >> mtv's move to create a genderless award for acting will mean something different to everyone. but to me, it indicates that acting is about the ability to put yourself in someone's else's

shoes. and that doesn't need to be separated into two different categories. >> that is true. i guess she won that for "beauty and the beast". >> the only thing about that award that would upset me -- >> or an oscar. and nick viall is on to his next business venture. >> do you know who this is. >> i do. the perform bachelor contestant and just wrapped up a stint on "dancing with the stars." do you watch that? >> i do not. >> and he's announcing a men's grooming line called the polished gent. aimed at helping guys find their new favorite hair. >> this is what happens when you quit your job in a says force,

which he did. >> which i don't blame him for doing but how long is that going to last? >> i don't know. >> lasting for like a decade -- >> no there's a rumor he's going to run for congress. >> the question is what will last longer, his business or his engagement? >> i think he's still with her. >> well, he's proposed. but the whole point is a proposal should last forever. that's my criticism of the show. >> whether on the "the bachelor" or not. nicki minaj offing to pay college tuition and fees for some of her fans. the rapper tweeting show me straight as that i can verify with your school and i'll pay it. who wants to join the contest? to direct message their school and information. by the end of the evening, nicki

minaj said she would pay for about 30 contestant's college. a nice publicity move. >> very nice indeed. an expensive pledge. good for her. when we come back, leading the case for the trump tax plan. today's must-reads straight ahead. plus, warren buffett signs offer on the big health care plan. and we're headed to omaha with live creation, becky quick joins us in a couple minutes. can make all the difference. e it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

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exchange." must-read stories catching our attention in the papers today. "the wall street journal" comes from trump's tax plan would spur growth. because you don't get a lot of economists putting themselves out there, backing some of president trump's tax proposals. this is a conservative one, this is a former economic adviser under george bush. he says a lot of the plans in here are good, including perfect tax cuts but even better than that would be expensing. letting the companies actually deduct some of our capital expenditure us innocenting creating a incentive for corporations because they receive a tax cut only when they invest in themselves. the economic adviser shows that a given dollar of tax cuts more

powerful than rate cuts in the short run by a factor of four. just putting that out there as they try to work on the details of hammering out the proposal, making it law, to republicans in congress. >> my pick in "financial times" called the lean and mean approach of 3g. one of the founding partners of 3g, and after he bought heinz in 202 brought it to a whopping 58% to two years. part of the big read section. a lanl analysis of 3g. the approach they take as they partner with mr. buffett and how they work. >> i'm glad you picked that because buffett made headlines himself on the very issue. coming out to defend 3g in this

harsh cost and layoff. >> that's right. we're approaching top. hour that means the team is getting ready for "squawk box." becky quick joins us live from omaha. of course, she's following all. headlines. >> good morning, wilf and good morning, sara. barren buffett is joining us. you're right, there are a lot of questions coming up about 3g. about whether this is the right team to team up with a company that lays people off, particularly given the political environment right now. buffett, sara, as you mentioned was a strong defender of what 3g does, so was charlie munger. they talked about how it boost productivity. and you've got to continue to keep up with changes in productivity. we're going to be sitting down, though, with mr. buffett and with mr. munger, and with bill gates. three of them will be joining

us. warren buffett joins us live as i mentioned in 15 minutes time. he'll be with us for three hours, charlie munger and bill gates sitting down with him and adding to that. we're going through not just 3g but other stocks that berkshire hathaway owns. and then including apple. american airlines, american express, coca-cola, kraft and 3g. ble we're going to talk about the fed and interest rates. at 8:00, when question sit down, a bit of a summit. three of the most intelligent and informed people out there when it comes to issues like health care. when it comes to issues like health care reform. and philanthropy. it is coming up in about eight minutes. guys, you don't want to miss that. >> sounds like an interesting summit, becky. what did warren buffett say --

had that comment about plumbers versus hedge funds -- what was that about? >> well, you know, he's been a longtime believer in the idea that average investors are not going to be getting a good deal from the hedge funds or, frankly, from any fund that's charging a premium for performance. his point is there are only a few number of managers in the worlds 10 to 12 people that he has met in his lifetime that he thinks can beat the averages over a period of time. an you're paying a good bit of money. he's long been an advocate if you're not something that does this for a living. he would suggest you that put money in an s&p 500 index because you're doing that. and you get it at low cost. we had jack vogel here at the beginning of the meeting. asked jack vogel to stand up so everybody could give him a round of applause for what he figures is billions and billions of

dollars saved for investors by something like jack vogel to the forefront. he's been a long defender of that. a bet that he made ten years ago with the hedge fund manager about whether the s&p 500 index would be better. or this guy picked a fund of funds. five different funds. and at the end of that time period, we're just nearing that now, the s&p 500 is nearing that now. >> becky great stuff. we can't wait, ten minutes' time. exclusive access to warren buffett, charlie munger and bill gates. and up next, chief economist is with us. and bill ackman's presentation gets under way 1 at 25 eastern here live on cnbc.

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welcome back to "worldwide exchange." the wall street setup, stock futures down 28 points. s&p down 2. nasdaq down 3.5. remember, this is coming offer record closures for the s&p and nasdaq. anthony chan joins us to help set up the week. anthony, the macron victory by a larger margin than expected certainly removes a big hurdle for this market. what's next for you? >> what's next, of course, we got to see what happens in the parliamentary elections. we got to do the first round and second round. >> that's a market-moving event? >> i think it is, to the extent that macron is not able to get a grand coalition. we're hopeful that he'll be able to do that. hopefully nash hopefully, that grand coalition is-l will allow him to pick his parliament. but a lot of the polls basically predicted this. >> in terms of what this means for the euro, going forward, it

hasn't moving much today because it will run out but is it now already at the top end of its range? or are there reasons that we could expect it to rally significantly? specifically since the ecb is going to tighten. >> it's upward, in the 1.09-ish range. the next will be how anxious is the european bank to start tapering and how anxious to start tightening. it will be the next catalyst that will allow the euro to get stronger. >> on the flip side, the dollar has been weakest for four weeks in a low. jobs report, 11,000 job us as a. what does the market need to see in combination for this rebound? >> i think the market is looking for a little confirmation on what's going to happen with the tax package. i recently did research on what

happens to the equity market when you get a tax cut. what i found is if it's an above average tax cut, something in the neighborhood of 5% cut in a statutory tax rate, you get huge rebounds. 12.8%, two years after. even with a small bump, 0.8%. if it's below average, below average is something around 2%, you really don't get that much of a rally. >> one of the other things about that bothering stock markets state wide is slower gdp performance. the last couple of days, coming out of china, including the trade data, is that something to be concerned about? >> wilfred, you got to remember, what china is doing right now is trying to take some that leverage out of the system. we're going to see that in total finance numbers. we certainly have seen that a little bit in the export and import numbers. remember that right now, china

is on center stage. they have a plan over the next 100 days to essentially show that they're trying to play as nice global citizens. so, i don't expect those numbers to be all that impressive. but moving forward, we get global growth. we're projecting global growth somewhere in the neighborhood of 2.5%. improvement from last year. those numbers should start to pick up because of the global economy doing better. guess what china exports doing better. >> what messages are you getting in tellers terms of guidance? >> we're certainly getting close to double digits in terms of profits. the message is very positive. beating expectations by more than 4%. >> s&p closing at a record high on friday. anthony chan, thank you very much. what are you watching next? >> i think we're watching european markets which surprising soft rally.

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good morning, macron wins. the political outsider defeating marine le pen, i say, in a landslide. the french presidential race sending the market to a six-month high. deal buzz. two cable giants teams up to take on wireless providers. and warren buffett speaking to shareholders at berkshire handling away's hathaway's annual meeting known as the wood stock for capital. kind of a stretch.

any, warren buffett will be joining becky. it's may 8th, 2017 and "squawk box" begins now. >> announcer: live from new york where business never sleeps, this is "squawk box." good morning, welcome back to "squawk box" right here on cnbc. we're live at the nasdaq market site on times square. i'm andrew ross sorkin along with joe kernin. becky quick is live with warren buffett in omaha. hi, becky. >> you made it back. >> i made it back okay. we're going to make it back to you in just one minute with the oracle of omaha. emanuel macron winning and defeating the far right candidate, 64% to 54%. macron i