good morning the draghi pop big moves in the euro as the ecb president talks up the economy 22 million unshired. the congressional budget office releasing i score of the senate's healthcare bill we're live in washington with the latest. and marc benioff sits down exclusively with cnbc. it's tuesday, june 27, 2017, "worldwide exchange" begins right now. ♪ good mornings.

welcome to "worldwide exchange" on cnbc. i'm sara eisen >> i'm wilfred frost good morning to you from me as women. well >> yesterday, tech ended up lagging the market, leaving the nasdaq with a bigger decline as for futures dow futures are little changed down about a point nasdaq futures continue to sell off, down 26 points. s&p futures are down two moves in the euro following comments about mario draghi. draghi says growth in the eurozone is abovetrend and broadly based. a decent jump in the euro over the course of his speech up 0.64% the key soipoint is he aid all signs point to strengthening and recovering that gave the euro the jump on the news he said inflationary pressures

seem to be replacing deflationary pressures most of the speech was dovish, indeed he did say loose policy was still required tomake sure inflation dynamics became durable. any changes to policy would be gradual. the broad term was dovish. the market focusing on those core comments about the economy and saying the economy is broadening european markets on the back of this are suffering stronger euro is not good for markets. but they were very strong yesterday. we got about a percent of gains on news of that italian bank bailout. people encouraged about the fact that not just that those two banks which only represent 2% of i tatalian bank assets, today taking profits and responding. european bonds for you as well, the yield there on the london

gilt around 1% italian and the bund 1.9 and 0.28 as for asia overnight, strong in japan where the nikkei stock market did close up about 0.4% hong kong finished lower shanghai comp and south korea south korea ended higher the buying of treasuries has been a pervasive theme all year. we saw that again yesterday on that weaker durable goods order report yields ticking higher coming off the 2.13 we saw yesterday at 2.14 oil prices climbed, rebounded a bit the last few days. up for another session in a row. up half a percent this morning 43.61. brent crude just above $46 a barrel as for the u.s. dollar index, the your ro sho it's been a weak story for the

dollar following treasury yields, following the narrative that there is no inflation in the united states and may put into question the rebound we were expecting for the second quarter of this year for the economy quickly showing you gold prices off the back of the u.s. weaker dollar should be higher this morning. they are, by 0.4% or $5 an ounce. the white house is warning syria that it will pay a heavy price if it conducts another chemical weapons attack. in an unusual statement issued late last night the white house says it spotted activities similar to preparations the syrian government made before the april 4th attack the white house gave no further details of how those details were detected. nikki haley tweeting that any further attacks done to the people of syria will be blamed on assad, but also on russia and iran who support him killing his own people in the last hour, the uk defense

secretary said he would support the u.s. in any potential attacks on the assad regime. >> "usa today," rift in healthcare over gop. the cbo scored the healthcare bill there's a lot to dig through here ylan mui joins us now. explain why this is a blow to gop senators >> there is not a big difference in the cbo score between the senate version of the healthcare bill and the house version of the healthcare bill. that put the senate bill in rocky territory. susan collins of maine tweeting she won't even vote in favor of

just starting debate on the bill she criticized the cuts to medicaid and the lack of access to insurance in rural communities. lindsey graham has told reporters he is worried republicans will wind up regretting the rush to vote this week the cbo's analysis found the senate bill did do -- improve that house score by 1 million, 22 million more people would be insured in ten years, but the big question is whether that's enough to get this bill passed nbc confirmed that the vice president will try to woo conservative skeptics of this bill at a dinner tonight mike lee of utah, one of the early opposers of the bill will be among them. in a statement the white house did not explicitly support the senate draft instead it slammed the cbo saying its analysis "must not be trusted blindly. we know this institution is widely considered to be

objective and nonpart san. ba nonpartisan. >> there is also the far right wing of the party, the ted cruzes of this world who don't look like they'll change their mind >> that's the tension here that's why this bill is so difficult to get through the senate you have the conservatives who feel it doesn't do enough to actually repeal obamacare. meanwhile you have moderates, like susan collins, but also the senator from colorado as well, who feel like it doesn't do enough to help low income and middle income redents who need the services of the affordable care act you don't want to go without insurance. they want to ensure a more gradual phaseout of medication does this do enough to repeal obamacare or does it do too much >> as i understand it, the

amount of savings for the budget deficit is much bigger under the senate bill, which may allow some breathing room, right, for some senators that want more funding for the opioid crisis. do you expect that to move >> 321 billion is the amount of deficit reduction achieved according to the cbo under the senate bill. that does mean that they have some wiggle womb in order to add funding for some of these projects that are so important to individual senators however, you know, again, that's going to run against the conservatives who say 321 billion in savings to the deficit, that's great. why should the government continue to be intruding into the healthcare market which is the whole crux of the argument against obama care in the first place. so, while that is a anybody that conservatives should cheer and republican leadership should be happy with, continuing to add more money into what they feel

are failing exchanges could be problematic. >> just quickly. are we still expecting a vote this week? >> that is a very big question so far the signs we've seen from republican leadership are, y they intend to move forward with the vote the yes is can they get enough support to do so before they vote on the bill they have to vote on a procedural measure called a motion to proceed. it's unclear whether or not they have the support to pass that first motion so, if they can't get that done by tuesday or wednesday, there won't be a vote on the actual bill itself later this week. >> ylan mui thank you very much for that. president trump hosting indian president modi last night at the white house the president telling him it was an honor to have him in washington during talks yesterday afternoon. trump urged modi to do more to relax trade barriers for u.s. exports. both experts took great pains to

express a strong relationship between the itself and iu.s. ana >> i look forward to working with you to create jobs in our countries, to grow economies and create a trading relationship that is fair and reciprocal. it's important that barriers be removed to the export of u.s. goods into your markets. >> ooz truthe pentagon said the. state department approved the possible sale of boeing transport planes to india. they even shared a hug modi definitely went in for the hug. >> good for them seems like the trip went well. wasn't a groundbreaking geopolitical one overall a pretty good outcome. >> modi didn't have a problem with president trump mentioning

choosing the trade imbalance >> thanks are not going well for brazil's leader. a top prosecutor charged michelle timer to taking bribe timmer was charged with a corruption scheme involving a large meat packer. timmer replaced dillmer rousseff a year ago the brazilian market is down a bit today. sprint is in talks with comcast and charter communications for a possible wireless deal. the "wall street journal" says under one option comcast and charter would invest in sprint's network in exchange for favorable terms to cell service

using the carrier's network. the "journal" says another scenario is the possibility of comcast a comcast and charter joining forces to buy sprint either way, there's a lot of deal negotiations going on behind the scenes. it's a good piece. gives a lot of color as to what sprint would want, what comcast and charter would want from sprint the likelihood of an all-out sale i'm sure david faber will have more on this later >> i think the big headline is that it puts the t-mobile sprint deal on hold >> something everyone was expecting? >> less hoops to get over, so that was something that was possible before but now will not happen for whatever reason. hedge fund paulson and company upping the stake in valeant to 6.3%.

this a week after john paulson joined valeant's board general motors is trimming its new vehicle sales outlook for the year the company is now expecting sales to be in the low 17 million range affecting a widespread expectation that the industry is headed for a down turn. shares of western digital slipping after they issued revenue guidance that fell short of estimates western digital said it teamed up with kkr to resubmit a bit for toshiba's chip unit. ibm is building a block chain base platform for seven banks including hsbc and deutsche bank it will simplify transaction force small and medium sized companies. nvidia unveiling a joint venture with volvo and auto liv. the partnership is part of an effort to develop software systems for self-driving cars. l'oreal and natura signing a

contract for the body shop sale. the company announced talks to sell the body shop for 1$1.1 billion. keep your eye on shares of alphabet or google a news conference will be held at 6:00 a.m. eastern sources say she will announce a verdict on the big anti trust case against the company eu regulators are expected to impose a record fine on google over its shopping services this was a long time coming. could be as much as $1 billion on wall street, the consumer and the fed are front and center s&p case-shiller home price index at 9:00 a.m., followed by the monthly consumer confidence index at 10:00 a.m janet yellen will give a speech at the british academy in lonten at 1:00 p.m. and we had hear from philly fed president, patrick harker and neel kashkari olive garden, parent darden

results reports results before the opening bill >> i'm just googling what is the british academy. >> the uk national bodies for humanities and social sciences that's where janet yellen is going. still to come, marc benioff making a big bet on robots his comments to cnbc coming up (baby crying) ♪ minutes old. ♪

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welcome back to "worldwide exchange." a quick look at the futures. the dow slightly higher. the s&p and nasdaq a bit lower yesterday the dow and s&p showed slight gained. marc benioff talking a little f.a.n.g. stocks and uber and some new exclusive comments to cnbc. jeff s jeff sut moogeoff cutmore joins china with more. >> here we are at the world economic forum event which focuses on the fourth industrial revolution, which may explain why marc benioff is in town talking about ai and robots. i asked him about his m&a strategy one point he made is that he feels deals are getting expensive in the tech space. i said what about tech valuations on the publicly listed markets what did he think of the f.a.n.g. stocks?

>> some of those f.a.n.g.s are still undervalued. i would agree with jim cramer. some of those companies, you look at aws, amazon web services, we work closely with amazon they're a large customer of ours you look at that aws business going past $20 billions this year, i think it's on a trajectory to go to 1$100 billion. you look at that as a multiple where amazon is today, amazon is a tremendous upside for the future and jeff is doing an unbelievable job >> interesting, i think, that when many in the markets are looking at the nasdaq and tech valuations, and feeling that we're already in nosebleed territory, marc benioff thinks there's plenty more room for them to run. i also asked him about the culture at uber and about the departure of travis kalanick and whether this is a one-off story as far as start-up culture is concerned or whether he felt

there may be more problems to come in this space let's hear what he had to say. >> because equality is more dominant in our industry than ever before. you saw when his employees started to write a very strong narrative about how that was not valued inside that leadership team, it became a situation that the board and share holders will to act on. it became a crisis of equality that will not be the last crisis of equality in the tech industry it will be one of several for people to take their own behaviors and capabilities to another level. >> the message from benioff as you heard there, that he feels that this will be a culture that is around for some time. he was making the point that he thinks it will be decades before we ultimately clear out, not only in the tech space but other

parts of the economy this inequality of payment between the sexes and also the poor treatment of women more generally in the workplace guys, back to you. >> i know he's been out front leading on that issue, women and equality in the workplace. curious the discussion among leaders talking about technological changes, ai. how much is donald trump a talking point and some of the new fiscal policies we would be looking at in the u.s. or the idea that technology will move no matter what and we should break for what's coming. >> i think the latter point is the one that's more dominant in the conversations. part of the reason that china wants to host events like these is they want to encourage technology companies to come to china, but also want to be a leader on managing the social consequences of new technologies

like ai and robotics everybody here is talking about what this technology means for the involvement of labor will we see higher unemployment rates. how do you deal with the social consequences of that that's a focus of what's going on here. it makes a refreshing change for the conversation not to be about donald trump and not to be about the crisis in the european banking system though you get the sense that those are two topics that are never far away from peoples lips right now we're focused on technology and what damage or otherwise it might bring to social cohesion and generally the sense of inclusiveness that we have in a number of economies around the world >> geoff cutmore for us, thank you very much. still to come, the top trending stories including the answer to the question we've all been waiting for, will alec asldwin return to "snl" president trump? we'll tell you his decision when

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welcome back to "worldwide exchange." u.s. equity futures pointing to a higher start for the dow and the s&p 500 after minor selloff yesterday. the tech slide was outweighed by some strength in utilities on the back of lower treasury yields the nasdaq has been under pressure with the tech momentum going the other way. nasdaq down 19 dow futures up 17.

s&p is flat. we've been seeing the euro pop a bit after mario draghi spoke about strength in the european my up 0.6%. 1.1249 the dollar is weaker against the yen. less of a move 111.65 the british pound is higher against the dollar, 1.2749 a week dollar kind of day thanks to draghi and the economic data in the u.s top trending stories alec baldwin is making a "saturday night live" return the anchor saying he will reprise his role as president trump next season with a catch wa baldwin say he won't be appearing on "snl" regularly because of scheduling conflicts. >> why wouldn't he >> because of time >> he plays president trump. just getting started in office give the people what they want now to sports. the nba handed out awards last

night for the best of the best of the season. most valuability player went to russell westbrook of the oklahoma city thunder he averaged a triple-double, double digits in points he rebounds and assists. westbrook is the first player to do that since hall of famer oscar robinson in 1962 still to come, we're seeing big moves in the euro. ecb president mario draghi talks up the economy we're headed live to portugal. and grocery wars are heating up don't miss our exclusive with kroger ceo rodney mcmullen at 10:00 a.m. "squawk on the street." ♪ me to the moon (elegant music) ♪ and let me play

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good morning market moving comments big moves in the euro after the president of the ecb talked up the economy in portugal. the healthcare overhaul just got more complicated we'll tell you how the senate bill fared in the latest test. and we're on warren buffett watch. the billionaire investor weighs in on the trump trade. it's june 27, 2017, you're watching "worldwide exchange" on cnbc good morning welcome back to "worldwide exchange" on cnbc. i'm sara eisen >> i'm wilfred frost good morning to you from me as well let's check in on the

marketsment strengmarkets me with strength and dow dow futures are up 10. s&p flat nasdaq down 21 points. the ten-year treasury note yield, buying of treasury, yields lower, down to 2.13, that led to strength in groups like utilities. we'll see if yields continue to tick up from here. 2.14 the latest read on the economy, durable goods coming in below forecast and down for a second month in a row asia overnight, saw a mixed picture. strength in japan. the knee day up 0.4% hong kong lower, shanghai comp and south korea higher >> european trade soft it was strong yesterday on news of the italian bank bailouts softer today a bit of profit taking it's improved in the last half hour or so we saw the euro pop. we saw a selloff

that's moderated oil is higher for the fourthization fourth session in a row wti sits below $44 a barrel. up 0.8%. brent is up almost a full percent. 46.25. gold is higher with the back of the weaker u.s. dollar it's up 0.4% that dollar board, it is weaker against the euro on the back of draghi comments. weaker against the yen as well >> mario draghi making some market moving headlines at the ecb forum in portugal. let's get straight to annette with the latest. >> thank you very much yes. we just had the draghi speech in portugal it was astonishing about how optimistic he is about the economy and about reflationary pressure in the eurozone that's the key sentence here,

here not that worried about inflation. which is low in the eurozone, and one of the reasons why the ecb is reinstating and saying they need the ultra loose monetary policy stance in order to support inflation but take a listen to what mario draghi, the president of the european central bank said about where we stand, when it comes to economic growth and inflation. >> all the signs now point to a strengthening and broadening recovery in the euro area. deflationary forces have been replaced by reflationary ones. while there are still factors that are weighing on the path of inflation, at present they are mainly temperature prayer factors that typically the central bank can look through. however a considerable degree of monetary accommodation is still needed for dynamics to become durable and self-sustaining.

>> so having said that, of course the ecb's reiterating that they still need considerable amount of accommodative policy for the full inflation to come back to its target but they're also optimistic about the political side of things for years they have been urging politicians to have reforms. the tailwinds in europe having something to do with the macron win in france and also that sense of more cooperation between france and germany when it comes to more reform processes in the eurozone. it's a very rosy picture he is painting here in sintra. to give you an idea of how beautiful it is here i'm stepping out of the picture to give you that view of sintra, a monastery here in the

mountains outside lisbon isn't it great >> it is indeed. thank you very much. the markets saying the same thing about mario draghi's comments the euro up 0.6% off the back of those comments this morning. various european central bank speakers throughout the morning. the white house warning syria it will "pay a heavy price" if it conducts another chemical weapons attack. in an unusual statement issued late last night the white house says it spotted activities similar to preparations the syrian government made before the april 4th attack the white house gave no further details of how those details were detected. u.s. ambassador to the u.n nikki haley tweeting that any further attacks done to the people of syria will be blamed on assad, but also on russia and iran who support him killing his own people we will continue to follow this developing story and bring you new details as we get them the congressional budget office out with new numbers on the senate's version of the

healthcare bill. the cbo says 22 million americans will lose insurance coverage over the next decade under the senate's plan it would also increase the federal deficits by 3$321 billion over ten years. mitch mcconnell wants a vote on the bill before the end of this week but that could be an uphill battle as several republican senators expressed concerns with the plan there remains a quiet confidence that a vote will come about despite headline issues still remaining. >> if he does call a vote, he's calling a vote knowing it will fail he can only afford to lose two republican votes, already susan collins of maine says she will oppose t rand paul says it is a bad bill clearly the republicans are not unanimous in their agreement on this some of them upset about how it was rushed through others are upset about all sorts of things. the cut backs in federal

spending for medicaid, some states benefiting from the expansion of medicate. some don't like senator rand paul, and cruz doesn't like the subsidies. all sorts of things in here that the divide in the republican party cannot get on board with >> i can't imagine mitch mcconnell would push forward with a vote unless he is getting signs that privately these senators are making these issues heard for public reasons and voters back home, but they may -- >> they don't want to be the ones responsible for keeping obamacare. >> mike pence hosting a dinner tonight trying to convince some of those outliers. president trump urging indian prime minister modi to ease trade barriers during a statement last night at white house. >> i look forward to working with you to create jobs in our countries, to grow economies and create a trading relationship

that is fair and reciprocal. it's important that barriers be removed to the export of u.s. goods into your markets. >> the president's remarks come as the u.s. trade deficit with india nears $31 billion. i did think the conversation, even though he went after that trade deficit and barriers was friendly he couched it in that we have a strong close relationship it was different than some of the harsher rhetoric he has taken on with germany, mexico, japan. they have bigger trade deficits but also don't get that friendly happy talk or hugs >> the hug was -- >> notable >> making theresa may's hand holding looking like a small factor. warren buffett weighing in on the president's time in office last night on pbs news hour when asked whether the president has something to do with the run up in the stoke.

here's what buffett said >> the stock market has been going up basically since march of 2009. that's when it hit the bottom. it's been going up more or less since then if i ever become president, i don't want to be take iing blam for what goes wrong. sprint is in talks with charter communications and comcast over a potential wireless services deal the "wall street journal" says under one option comcast and charter would invest in sprint's network in exchange for favorable terms to cell service using the carrier's network. back in may there was a wireless truce that barred either company from doing a deal without the other's consent. sprint shares in the premarket are lower. charter communications higher. it complicates the t-mobile/sprint speculation. it's unclear that -- the

"journal" mentions one possibility is charter and comcast would buy sprint, just a servicing deal >> either way it makes the t. mobile deal off the table for now if these reports are accurate hedge fund paulson and company upping its stake in valeant. up to 6.3% this a week after john paulson joined valeant's board general motors is trimming its u.s. new vehicle sales outlook for the year the company is now expecting sales to be in the low 17 million range reflecting a widespread expectation that the industry is headed for a down turn. shares of western digital slipping after the data storage company issued revenue guidance that fell short of estimates western digital said it teamed up with kkr to resubmit a bid for toshiba's chip unit. ibm is building a blockchain base platform for seven banks

including hsbc and deutsche bank the platform is aimed at simplifying transactions for small an medium sized companies. nvidia unveiling a joint venture with volvo and auto liv. the partnership is part of an effort to develop systems for self-driving cars. l'oreal and natura signing a contract for the body shop sale. the company announced talks to sell the body shop for $1.1 billion. a bonus stock to watch, keep an eye on shares of alphabet the european competition commission will hold a news conference at 6:00 a.m. eastern time sources say she will announce a verdict on the big anti trust case against the company eu regulators are expected to impose a record fine on google over its shopping services turning to the rest of the agenda on wall street, the consumer and the fed are front and center s&p/case-shiller home price index at 9:00 a.m., followed by

the monthly consumer confidence index at 10:00 a.m janet yellen will give a speech at the british academy in london at 1:00 p.m. and we had hear from philly fed president, patrick harker and neel kashkari later in the day. olive garden, parent darden restaurants will report results before the opening bell. the big one this week is nike on thursday, i think. global economy stock caught in a bull/bear debate. still to come, surprising factor for imbrandt success. the must-reads still to come up. and a check of early action in europe. stocks taking a leg lower this morning. the dax is down a third of a percent. ftse 100 holds up. france down a third as well. icaround, "worldwide exchange" will be right back

eu antitrust regulators fining alphabet 2$2.7 billion i an antitrust fine. in fact, alphabet stock is up about a third of a percent in the premarket. we were expecting this decision at some point this morning many forecasting it would be over a billion significantly above that it was 2.4 billion euros, or 7 $2.7 billion still below the $13 billion bill for taxes against apple.

but a significant hit on an american company a loud warning shot. we'll await response from alphabet and potentially from the u.s. administration. >> this was a long time coming this is something that not only has europe been transparent about, but google has as well in terms of fighting it this specific issue had to do with how google prioritizes or how the eu alleges google prioritizes its shopping result. with the fine the eu is ordering google to give comparison shopping services equal treatment and also such orders they also have separate investigations into google and it's android software. this is the one that was first and the one we are expecting the fine from. i think that fine is bigger than estimates were look at perhaps shareholders are happy to get it done with. >> it's bigger than what people ar were expecting but small for

their cash price on hand investors just wanted clarity on this number. we await the press conference which will start in about 15 minutes time on to our must-read stories. my pick titled "lessons for democrats from the georgia election." penned by john ossoff. he writes we lost but i'm proud of the campaign we ran and i'm proud of my community for standing up against the odds i launched this campaign believing america could become stronger, more prosperous and secure only if we stayed true to the values that unite us i still believe that, and i'm not done fighting. >> he mentioned he lost in the opening, but the whole rest of the article make it sound as if he won politl the tone of this was cray

for someone who lost the race. >> that's a funny take the democrats are trying to figure out what went wrong >> it's similar to the presidential election. hillary clinton can say there were issues against her, but she still did relatively well. who cares, you didn't win. if you want to assess where he did better than expected, that's fine write a letter to the dnc, and discuss it but this is a more self congratulatory letter he didn't win. >> maybe he was happy than he did better than other democrats. >> maybe it's not a must read. it's a must not read >> my pick is "the surprising factor for immigrant success." written by ed lazier looks at the outcomes of

immigrants, where they come from, how they do in the country. if the u.s. switched to a skills-based system but favored family reunification, it could deplete countries like el salvador which is 32 times yoefsh r overrepresented by u.s. immigrants because america is in the position of being destination of choice for people willing to move t can surely afford to be evenhanded towards source nations. it's a data-based look at countries overrepresented, underrepresented and contribute the most in terms of our economy. more on that breaking news on google, eu regulators handing down a 2$2.7 billion fine on the company. the latest on that and more coming up. ♪ a baby's skin is never more delicate.

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alphabet 2$2.7 billion the eu saying google abused its search engine. the decision is the first of three sets of antitrust charges the eu has filed against google. the company can appeal the decision this decision was, of course, expected we are awaiting the size of the fine, which ended up being bigger than analysts forecast. people expecting 1 billion euros, it's 2$2.4 billion euros or 2$2.7 billion u.s. futures at this hour, kind of mixed picture as it was yesterday. the nasdaq down about a third of a percent. the other two flat today just about red across the board. joining us is rich clarett from

pimco. thanks for joining us. i suppose tech continues to be the focus whether an rupp day or down day, tech is leading the market >> that's right. i think we're in a bit of a goldilocks market. when we get good economic data, the stock market is up the vix sat a low level as well. it's an interesting period >> with this decision just breaking on the eu fining google, i know this was a long time in the works. are increased antitrust fines between countries and companies of other nations a sign of the increasing wave of protectionism we're seeing and trade barriers? >> it's a good point and it could be the history goes way back before the election intellectual property and services, that's a big and growing part of trade. this is not the first time the europeans deployed this.

probably won't be the last so it's an element of trade right now. does it need to be an element of domestic use of technology is it a warning sign for google in the u.s. and their dominance here or a warning sign for amazon and their dominance in the u.s.? >> historians point out we go through waves in the u.s. in terms of the approach to antitrust law. we have periods that are interventioni interventionist. the pendulum may be turning now with the new economy i wouldn't be surprised, but the pendulum does swing both ways. >> where is the u.s. economy shaping up for the second quarter? we got another disappointing read in the form of durable goods yesterday. business investment was supposed to be picking up along with this increased confidence after the

ae l election the u.s. economy the last six, seven years th s has grown 2% some thought it would pick up this year. the any rebound we've seen is in the soft data or sentiment data. the hard data and the economy is pointing to another year of about 2% growth. >> quick comment on mario draghi's comments earlier, the euro popping 6.7% off the back of them. >> the ecb is having its version of jackson hole this week. europe has grown more rapidly than the u.s. over the last several quarters the focus on the ecb is whether or not they begin to taper their qe program and the euro will respond to that. >> rich clarida, thank you very much for joining us. >> you bet >> before we go, you're headed

off to europe tonight for a good cause. tell us about it. >> i'm off to cycle from milan to monaco over the next four days from thursday through sunday 365 miles in total 60 people will be doing it along with me. >> he's been training for it he can do it >> i hope i can do it. we're raising sfufunds for the miles frost fund after my oldere heart condition which he had and looking forward to -- >> we call on anyone to donate >> very kind >> worthy cause. >> anyone who wants to much appreciated enjoy the support i'll need it 365 miles. >> good luck >> thank you very much >> you've been biking around new jersey for the last few weeks. surely you can do this >> i hope i can. it will be a much more picturesque setting from milan to monaco. >> you even got your hair cut

for it >> we expect updates on the road >> plenty of updates to come we'll see you in ten ds.ay or i will.

good morning mario draghi moving markets. we're seeing a jump in the euro as the ecb president talks up the economy. the gop healthcare bill just got more complicated more republican senators voicing opposition after the cbo scored the bill a live report from washington straight ahead. and if you're planning to hit the road for independence day, you're not alone. we'll tell you why you can blame low gas prices for the 37 million americans you'll be sharing the road with on the fourth of july it's tuesday, june 27, 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" on cnbc. we are live from the nasdaq market site in times square. the music, we think, is referring anyone planning to travel over the holidays, not the beginning of the show. joe and andrew are off today our guest host is jason trennert from strategas research. thank you for cluing me in on the music. eu antitrust regulators fining alphabet 2$2.7 billion google has been accused of promoting its own shopping search service over those of smaller rivals the decision comes after a seven year investigation that was prompted by scores of complaints from rivals in europe and the united states. the previous record fine was