good morning back to business investors back for a short week with a packed agenda what to watch ahead. and amazon prime day, kicking off the deals tonight. this will be the biggest one yet. >> first glimpse of model 3. photos of the lowest price factory powered vehicle. it is monday, july 10th, 2017. "worldwide exchange" begins right now. ♪ good morning

welcome to "worldwide exchange" on cnbc. i am sarah ice en. >> imt wilfred frost >> good to see you back with one piece after that crazy bike ride. >> indeed. it was savage to be honest well worth it. we raised 480,000 pounds a big thank you to everyone that backed us. good to be back. >> you had relaxation on the back end. >> the holiday part afterwards was great. >> glad to have you back let's get to the markets after a bumpy week for stocks last week. it was volatile, ended the session and week flat. futures looking up four points dow futures up 16. nasdaq higher by 19 points as well nasdaq tech heavy index is a heavy swing factor lately in trade. as for the ten year treasury note yield, higher yields dominant following the jobs

report friday. they're backing off at 237 there's a big backup in yields not just for treasury but globally, that caused a wobble. >> we saw them slip state side, they've done so in europe after the french central bank member softened up more of those comments. >> it has been a global bond move and central bank rhetoric move. >> after two week significant gain in european yields. let's have a look at markets around the rest of the world asia, june inflation data in line with expectations, and japanese machinery orders dropping, fell short of consensus. japan offered the most optimistic view of regional economies in more than a decade, strength in exports, private consumption. speaking today, bank of japan

governor intention to keep ultra loose monetary policy until inflation is above 2%. everything positive in asia apart from shanghai. european markets gained a half percent% from france, germany, started this week in positive fashion. >> as for broader market, show you the currency board dollar moved higher against the yen last week on backup of treasury yield stronger against the yen this morning, 114.13. and we were firmly above there last week. as for the pound, it is back to weakening ways 12864. gas prices on the other side of that trade are under pressure, continue to be so, down about two-tenths of a percent. and oil prices quickly let's show you they were also getting

sold last week wti off, less than half percent. world petroleum congress is under way, attracts dozens of energy ministers from around the world. steve sedgwick has the latest. >> reporter: good morning. really interesting comments from mr. nas ar saying we may have oversupply at the moment but have to be careful last meeting, i was at this in russia in 2014, prices up over $60 a barrel the industry was fine in 2014. what he is saying is we lost $1 trillion of investment, regardless what happened with shell growth and capacity. a trillion dollars of investment in the last three years. whilest we are awash with oil at the moment, difficult to see we have a shortage of oil

saying if you don't get boost to investment, won't get barrels we need daily capacity is around 95 million barrels a day now. if you don't get investment, we have a problem that comes in the wake of the fact of opec allies and nonopec allies, wti around $44 a barrel. lot of people question whether opec and nonopec allies, 24 oil producers in total, whether they need to have their meeting which is in st. petersburg in russia july 24, and tweak terms of this at the moment as i am sure viewers are aware, they agreed to take 1.8 million barrels off the table. question is do they need more off the table despite the fact the saudis talk about we need more barrels it is a confusing picture. at the moment they seem on the

back >> expectations for the ipo? >> that was one trillion or two trillion dollar question don't know who is on your side of the atlantic or in london as well, i'm hoping to speak to the man himself in the next hour or so going to try to get pointers for that and bring them to you first. again, lot of questions about timing, whether it is being dented by the fact we have $44 a barrel because people are buying the fact that the saudis have hundreds of billions of dollars of oil in the ground that's the major part of the investigation. >> thanks for bringing us the headlines so far, steve sedgwick. president trump appears to be backing away from suggestion of forming what he calls an i am pen trabl cyber security unit with russia.

he was tweeting the fact we discussed the cyber security unit doesn't mean i think it can happen, it can't, but a cease-fire can and did president trump and russian president vladimir putin, putin met on the sidelines of g20 friday, trump tweeted about a cyber security pact with putin, prompted backlash from other politicians and some republican ones lindsey graham saying on "meet the press" that his plan was not the dumbest idea i heard but pretty close graham says president trump is the only person he knows who doesn't believe russia hacked the 2016 election. even marco rubio who has been warmer toward the trump administration went after trump or the idea of working with russia on cyber security so president trump is responding to criticism on both sides of that, trying to make a deal on cyber security with vladimir putin. >> it was an old announcement,

fun reaction, i am working how to secure my house it makes you wonder some reaction, particularly international meetings with eu leaders, nato leaders, walking out on meetings, is this part of his art of the deal type strategy, if not, it does seem ill thought out, volatile, backing away from it on twitter. people are concerned when a real crisis hits, how will he react. this is in a period of calm. >> "the wall street journal" goes after putin this morning, consistently maintain that putin is not our friend and should not be treated as such a lot of media coverage from g20 is focused on the u.s. sort of on its own, europe and japan forming a trade pact, with europe and china talking about open trade, and this idea that some of these bilateral trade negotiations and security negotiations are not the way of the g20, and instead of trying to change everyone's mind,

president trump finds himself increasingly isolated. hard to know but there are a lot of photo ops that suggest that. >> exactly video clips from sidelines seen them at various meetings last couple months. other political headlines, the president's son donald trump junior confirming he met with kremlin connected lawyer during the 2016 presidential election the president's eldest son said he was told the lawyer had information to help his father win the election statement came after "new york times" reported the story. sources say donald junior attended after being told the lawyer's information would be damaging to hillary clinton's campaign in response, he said the information was nothing of substance and the topic of conversation turned to the u.s. adoption of russian children the president's legal team and sons say the president was not aware of and did not attend the meeting himself. getting buzz and front page attention on "new york times" this morning we will talk about it later from washington speaking of politics, treasury secretary says the trump administration is actually not

considering a tax increase on wealthy americans. that comment after reports surfaced that white house adviser steve bannonfloated that as a way to pay for tax cuts for the middle class >> again, the president's focus is a middle income tax cut, reforming the business tax system to make it competitive, and creating a tax simplification to grow the economy. >> no one in the middle class will have a tax increase >> that's our objective, absolutely. >> secretary man uch in says the administration aims to have a full tax plan by september. congress returns from recess today, the senate expected to focus on health care reform. but senator john mccain said he believed the bill to repeal and replace is going to die. he says support for the replacement has been eroding over the recess. believes republicans should work with democrats to craft new

legislation instead. amazon's third installment of prime day kicks off tonight landon joins us with what to watch. good morning >> prime day kicks off 9:00 p.m. eastern tonight. last year's prime day was the e-commerce company's biggest day ever, and this year amazon hopes to top that milestone. here's what to expect. amazon offering more than 100,000 deals in 30 hours in 13 countries. last year some of the most popular deals included tvs, kindle paper white readers, sticks and tablets average discount price around 30%. prime day is for prime members only, based on the latest numbers, amazon has a lot of shoppers subscribing to $99 a year service, according to morning star, 85 million u.s. households have prime memberships. more than doubling the amount from two years ago if that trend continues, prime subscriptions could top atv subscriptions by next year

all about the subscribers. >> being driven by the tv side >> tv, fire sticks, echo, probably a big one you heard people complain about discounts not as good as they hoped, but the best day ever last year. >> race with singles day first prime day was in 2015. >> keeping it going. >> see what the results look like in the next 24 hours. thank you. some other stocks to watch, shares of orient overseas popping after costco announced a takeover deal for the shipping company. that deal would make them the third largest shipping liner wanda selling theme parks and tourism products to sunac for 9.3 billion. that's expected to strengthen the case for listing on the main land after it was de-listed last

year apollo global management got club corp, comes after the golf course operator announced retirement of its ceo. club corp previously decided not to pursue strategic transaction after it didn't result in offers. volkswagon executives were told the cost of emissions scandal a month before informing investors. oliver schmidt, company executive arrested earlier this year told volkswagon former ceo about possible financial implications at an august presentation investors were not informed until mid september. shire, alleging incomplete misleading statements. barrens says apache could be worth double

they're upping stakes in the company. strong management, sizable assets have fund managers to place big bets on oil and gas producer now to this week's agenda on wall street. start with the economic docket today, may consumer credit out, tomorrow wholesale trade numbers. wednesday, the page book and yell entestifies before house financial services about the economy, she will go before the senate banking committee thursday also thursday, june retail sales, cpi and pepsico results tomorrow results from big banks starting friday jpmorgan, citigroup, wells fargo. >> bring it on >> good thing you're back. after waiting more than a year, customers put down a grand for tesla model 3 get a preview of what that car looks like. those pictures and morstige raht ahead. you're watching "worldwide exchange" on cnbc. the future isn't silver suits and houses on mars,

it's right now. think about it.

we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. it's a new kind of network. xfinity mobile. good morning, a look at the market action. saw slight gains by end of the week, decent bounce friday, delivered flat performance for the s&p 500 and nasdaq, edged up a third percent, slightly higher nasdaq leading the charge. best performer friday itself let's look at yields big story last week. nearly crossed 2.4% on ten year after yields around the rest of

the world picked up. we slipped a little, yields in europe slipped after softer comments from mr. villa roy from france yields are higher than a week or two ago. oil is front and center, slipping friday, almost 4% for the week as a whole. even though inventory data was better investors focusing on oversupply soft this morning. 0.6% lower for wti corporate news, u.s. judge given preliminary approval for wells fargo settlement they'll pay $142 million to customers whose credit scores were hurt by making fake accounts between may 2002 and april this year wells fargo reached the deal in april. the bank says it faces probes from federal and state regulators and federal private

lawsuits. >> this is preliminary approval, positive for them to tidy this up around that level figure, this would be a win for them small levels speaking of banks, ubs ceo weighing in on challenges facing the banking sector globally. carolin ross sitting down with the executive for an exclusive interview. what were the headlines? >> reporter: good morning to you. you talk about how confidence in european banking sector rebounded massively in the last year because the italian banking problem has been dealt with. seen recapitalization across the sector look at ubs stock, it is up 40%. but we also talked about investor confidence. still saw a lot of uncertainty take a listen. >> the geopolitical front is, you know, quite worrying in

respect to what's going on every day, so investors are fundamentally touched by all those, they need to see very prolonged and stable pattern going forward. zblm this is the world's biggest wealth manager, very much present in asia. the ceo told me that the cash balances on part of some investors are still as high as 35%. guys, that shows you how nervous some investors are back to you. >> big positive in the short term for banks has been slightly more hawkish comments, and yields picking up somewhat >> but the big question out there is whether european banks will be able to benefit as much as u.s. counterparts we know it is a positive for u.s. banks, the question remains for european banks. >> thanks very much. great to see you. tesla's first model 3 sedan rolled off the assembly line

elon musk tweeted photos saturday night he can have it for his 46th birthday present said the first customers get their keys end of the month. they start about $35,000, at least 400,000 have put down a deposit for the new car, including mr. ice en >> it is refundable. so once it gets approval to get the car, this is the question. tesla is coming up -- >> get one of the first 30 >> definitely not. >> 400,000 people put in applications tesla is coming off a rocky week, subject of debate last week, the bears finally took control of the stock as we know they wanted to for awhile, more than 20% is short interest there were a few wobbles, some

had to do with production. this model 3, first test of mass market vehicle is going to be key about whether to bring deliveries on schedule they haven't managed to do so. >> what about production for them. still to come, amazon prime annual sale extravaganza kicks off. you won't believe how popular prime subscriptions have gotten. we have numbers. hard to get numbers for prim subscriptions. we have them coming up stay tuned, this is "worldwide exchange" on cnbc.

welcome back looks like u.s. equity futures set to build on friday's gains, reacted positively, stocks, to better than expected jobs report stock futures up about ten points s&p 500 futures up three nasdaq up 17 as for currency. dollar stronger against the japanese yen dollar against the euro, below that 114 level euro strong following bond yields higher the past few weeks. pound is weaker against the dollar major fire broke outed this morning at camden market in london dozens of firefighters responded to bring the blaze under control. no injuries and the cause is unknown. this is the second time in

recent years that popular tourist attraction was hit by fire 2008, camden canal market was destroyed and closed more than a year as a result of a major fire. switching gears. drivers are paying less to fill up gas tanks latest survey shows average price of regular unleaded fella penny in two weeks 2.31 a gallon comes amid plentiful supplies of crude and gasoline prices fell more than 15 cents since april. another 3.5% slide helps out if you have a summer road trip planned as far as driving. continue to see cheaper prices, way below two bucks in some southern states. super weekend at the box office for the latest super hero movie. spiderman homecoming took in $117 million in the u.s. and canada another $140 million overseas. the domestic debut second

highest for sony second biggest behind spiderman 3. this stars tomorrow who will and, michael keaton. they keep milking this franchise. >> wonder who wins in the matchup between spiderman and wonder woman at the box office >> probably wonder woman has done better. >> yeah. >> what about the match up in real life, not real life of course, but you know fictional life. health care reform to news regarding alleged hacking of the u.s. election or interference in the election live in washington with the latest on those stories. stay tuned you're watching "worldwide exchgeonnb (baby crying) (slow jazz music) ♪ fly me to the moon

♪ and let me play (bell ring)

good morning earnings, energy and economy front and center wall street kicks off a new weet what to watch straight ahead. washington in focus. congress returns to work today as president trump back tracks on comments he makes about russia we cover it all straight ahead. prime time for a deal. counting down to what could be amazon's biggest day ever, monday july 10th, 2017 you're watching "worldwide exchange" on cnbc. ♪ >> good morning, welcome back to

"worldwide exchange" if you're just joining us. >> straight to the global market picture. we saw it bounce back. nasdaq was up over 1%. s&p 500 and dow up a half percent. left a flat performance, dow the best performer week to date. 0.3% the nasdaq is best performance up two-tenths percent. treasury, big move, led by hawkish comments coming out of european central bank ten days ago, led european yields to rise significantly. that dragged u.s. yields high. nearly 2.4% last week. coming away from that this morning, led by european yields coming down after the french ecb member made some slightly

doubish comments as for the overnight action in asia, let's show you how the continent finished up trading. nikkei rose three quarters of a percent, weaker japanese yen last week, and continuing today. hong kong closed higher, shang lie lower by nearly 2% south korea remained flat. european equities start off on a positive note. german daks up a half percent. italy up a half percent. spain goes the other way oil is very much in focus, slipping friday, down 4% as a whole for the week, slipping again and extending the extent of falls down two-tenths percent, now down best part of 1%

surprisingly, haven't seen that much dollar strength in light of how much yields are rising in the u.s. because yields have risen more elsewhere did see two-tenths percent strength for the dollar. little bit against the yen, not much movement elsewhere. about a tenth percent of strength against the euro. gold prices were soft friday, down a percent this morning, up by a quarter of 1% the dollar has been remarkably soft in light of -- >> been a soft year, made a move higher on back of rising treasury yields, but you have rising yields everywhere, it dampens the effect >> i wonder as we saw the ten year close to 2.4. only two-tenths percent strength, is that because of political concerns on that main barometer of what the state of u.s. politics is like for the

dollar. >> big event janet yellen testifying do they maintain the hawkish stance to raise rates, shrink that balance sheet, even if we don't see inflation and wage growth confirmed in friday jobs report little wage growth is it enough that's the question. the knee jerk reaction to the jobs report is buy treasuries. and then it became clear the feds are going to move either way, and saw reverse reaction. >> see if she acknowledges that change. >> and walked it back, market overinterpreted. >> see if she acknowledges it. >> global era of central bank. now to washington. congress returns to work today

following a week long recess president trump is clarifying comments made about russia cyber security let's get to it from the d.c. newsroom, trying to thread together interlocking stories. >> quite a bit of news over the weekend. white house scored a win with key language on trade and climate. the president has been pushing for. that victory short-lived after the president began tweeting sunday morning about a particular development from his bilateral with vladimir putin, with whom president trump tweeted he would form an i am pen trabl cyber security effort to keep things like election hacking guarded. after saying russian president vehemently denied having ordered the u.s. election last year to be hacked. that left a lot of people scratching their heads

ben sass, senator calling it inexplicably bizarre ambassador to united nations nikki haley said russia isn't trustworthy. then he tweeted it can't happen. treasury secretary on abc "this week" calling it a significant accomplishment. >> i think this is a very important step forward, what we want to make sure is thatwe coordinate with russia, that we're focused on cyber security together, make sure they never interfere in any democratic elections or conduct any cyber security this is like any other strategic alliance, whether we do military exercises with our allies or anything else. this is about having

capabilities to make sure we both fight cyber together, which i think is a very significant accomplishment for president trump. >> critics quick to point out russia is not an ally, it is an adversary, one with which the president and his team have been at odds with to that point, this story over the weekend in "new york times" that the president's son met with a kremlin connected attorney who claimed to have information that was damaging to clinton only gives further fuel to the story that i believe the white house was trying to move away from and move forward from after that bilateral meeting. >> i can't keep track of done junior statements. it is all a mess we will let lawyers sort through that meantime, with congress back at work, what's the status of repeal and replace >> well, that is the big question for this week you've seen some new defections

over the recess period with senators going back home to constituents notably, republican senator from north dakota critical of the bill, and senator from kansas that would have preferred bipartisan effort from the get go those are not necessarily swing states, so there's clear opposition that is not only continuing but also newly developing to the bill as they're hearing from voters, increasingly, sara, leadership talking about what they'll do not if but when they have to move on from the better care act which is their version does seem like they're trying to think not only of plan b but plan c at this point. >> thank you for that. turning to this week's agenda on wall street, economy takes front and center stage look for data on consumer sentiment, prices, job openings. we hear from the fed as janet

yellen testifies on capitol hill same day they release earnings for pepsico. then onto jpmorgan, wells fargo kicking off reporting season friday morning in corporate news, keep an eye on shares of amazon, the company is ready to kickoff prime day. it is expected to be the biggest single sales day for the online retailer, offering more than 100,000 deals to its prime members. according to morning star, 79 million u.s. households have a prime account, up from 66 million at the end of last year. if that continues, amazon prime subscriptions could top paid tv subscriptions in the u.s. as soon as next year. checking in on shares of amazon, they wobbled along with the rest of the tech sector the last few weeks, mostly broadly higher, double digit gains for the year. almost 30%. >> have you got an account >> yes. >> i still don't. >> how is that possible?

>> i order a prime delivery every day of my life. >> and i pay for delivery. it is crazy. >> that is crazy you're insane. you know you get free delivery, now you can do better than two day, sometimes same day. >> i just have so many other subscriptions, annoyed me to add another. they're going to get a boost today. i'm going to do it stocks to watch. california judge has given wells fargo preliminary approval for a settlement to customers whose credit scores were hurt by the bank's phony account scandal the ceo says he is pleased with the court decision not locked and loaded but positive in the short term shares up 0.1%. volkswagon executives were told about costs of the emissions scandal a month before informing investors, german newspaper says he was briefed about possible financial implications in august, 2015

investors not informed until mid september that year. wouldn't say delaying that for a month is groundbreaking. get your handle around all of the facts. shares down 0.7%. global management getting club corp, they announced retirement of the ceo. club corp said they decided not to pursue strategic transaction after exploring sale and hadn't resulted in offers more stocks to watch orient overseas popping after china costco shipping announced a takeover deal for the shipping company. the deal makes the company the world's third largest container liner. they'll sell dozens of hotel and tourism products to china for $9.3 billion that is expected to help wanda cut debt pile and strengthen case for listing on main land

after de-listed last year. shire getting preliminary injunction over a hemophilia drug, alleging incomplete, misleading statements surrounding treatment. in financial news, goldman, sachs is the worst selling fund manager so far this year figures show investors pulled 226 million. the withdrawals twice those suffered by the second worst manager. goldman blames large outflows on investors pulling out of money market funds, short term funds used for cash alternatives as to managed equity funds flat in the free market today. newspapers join forces to fight google and facebook, trade

group called the new media alliance, wants federal lawmakers to give the news industry -- the goal to gain more leverage at negotiation facebook and google control more than 70% of the digital ad industry in the u.s. newspapers ad revenue has been declining significantly. time for top trending stories. elon musk revealing first look at the tesla model 3 tweeting a photo of the four door sedan over the weekend. production of the $35,000 car began last week. first deliveries expected later this month this is going to be the challenge. >> i think it looks splashy. >> this is a significantly lower

price. theoretically should have the same tesla technology, it is electric. >> just not high performance. >> volvo is going electric last week didn't help the mood around tesla. shares at one point are lower in market value than general motors >> we have to see, if they can nail production of this model. >> that would be a big deal. alec baldwin getting buzz off tv, his former "snl" co-star and former president bill clinton took to the stage at new york apollo theater. >> this is supposed to be a surprise for alec. it is certainly a thrill for me. maybe not so much for him. i mean, tonight he is stuck with a boring former president, trapped in the reality based world.

i wouldn't know an alternative fact if it hit me in the face. >> bill clinton was always a good performer. >> so is alec baldwin, but not last night outdone. solar power farm in china is getting the internet attention today. china panda green energy completing first phase of a solar powered facility in the shape of a panda bear. we have a photo. the photo on the left has gone viral. but it is an actual picture of the plant. photo on the right is an actual drone photo of the solar farm. >> little disappointing then, the real one >> the one on the left would be disneyworld solar. >> it is more like a fat little pig there. either way, you can't see the white. either way, it is trending

still to come, one former treasury secretary says president trump were a ceo, he would be fired by now. today's must reads coming up. another check on futures at this hour. the dow lost some early gains. nasdaq is higher by a irthd percent. "worldwide exchange" will be right back for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain health supplement in drug stores nationwide. prevagen. the name to remember.

time for must reads. trump's alafrmg g20 performance. he writes what many fear and few are saying, in difficult times come during any term, the president's character will cause him to act dangerously he has yet to experience economic difficulty or form of economic crisis, hasn't had to make a major military decision in time of crisis yet. his behavior has been erratic. clearly pointing to the fact we had a lot of what apparently seemed to be odd pieces of action on the international stage by president trump, this comes in times of peace. the concern is what happens -- >> larry summers, former treasury secretary, he has a way to make his opinions known he has gone after the trump

administration for political and economic policies. g20 obviously is something that falls into the economic realm, so he has been horrified at every step of the trump administration. >> on the international stage, whether nato meeting a month or so ago g20, international leaders are confused at best at the messages coming from president trump and his administration. neyestill to come. jat llen heads to capitol hill what to expect straight ahead. this is the new new york. we are building new airports all across the state. new roads and bridges. new mass transit. new business friendly environment. new lower taxes. and new university partnerships to grow the businesses of tomorrow today. learn more at esd.ny.gov

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welcome back to "worldwide exchange." i am wilfred frost with sara eisen. joining us, founder and head of research at clear nom imcompetents good morning to you. the story was pick up and yields come away from that a little today. either way yields are significantly higher

what are you expecting from janet yellen's testimony, will that change that trend of the yield. >>. >> i think last week showed there is strength in the economy, its validation and not just strength of economy but corporate health and financial stability. we expect yields to continue to rise, if the fed continues to raise rates, expect the ten year to get above 3% in 12 months you may have quite a yield curve, you will see higher rates on that curve. this should be positive for equities across the board. this is val indicatiidation thag we have seen is real and should continue for some time. >> doesn't appear to be taken as positive for equities, in the last few weeks we have seen significant volatility for what weech

opinion. >> the vix has kind of lost some of that luster you're seeing moves in equity markets. broadly thinking, fear and concern over whether or not the fed will get it right. >> why are you so confident? >> as the fed continues, i think margin for error will shrink as we know from history, fed doesn't usually get it right we are at a staging cycle for rising equity prices and yields can co-exist end of 2015, people, there was this narrative one rate hike would derail the market we had four of those already the underlying strength of the economy will prevail over rate hikes. >> even though we had a few fed rate hikes, the global reaction is loose that seems it could change, whether ecb or bank of japan to go on tightening

>> there's no doubt we are in a chapter ecb could start to tighten policy i don't think we're at a point to be too concerned about that derailing economic growth we have seen across the board in the u.s., we are seeing roughly 2% growth, expect that to continue. in europe, it is a different story, there are structural issues the fact that the ecb may taper in the next several months suggests there's strength there as well. i think eventually it will be a problem for equity markets in europe but for the time being think it is a positive development. >> you're fairly calm about what the fed has in store and what it means for markets. what about washington. congress gets back to work today. do you think investors are watching the health care debate and chances for tax reform >> if you go back to beginning

of the year, you have a narrative we were in post central bank world, all that matters is fiscal policy, what the administration would do. we're well past that narrative at this point. it would be fantastic to get tax reform pushed through in this country. health care reform, that would make a difference, too, especially for the particular health care sector but as of now i don't think most of the market is waiting for that to happen we hope the next year tax reform can happen increase corporate earnings with corporate tax reform mostly looking at the economic numbers and they're still solid. >> thanks for joining us what are you watching? >> not much in the way of economic data. i am watching ten year treasury note yields. groups like technology and the utilities and telecom.

>> banks reporting friday. oil prices slipped more this morning, down nearly aernt pce that's it for "worldwide exchange." "squawk box" is next the future isn't silver suits and houses on mars,

it's right now. think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. it's a new kind of network. xfinity mobile.

packed agenda on wall street and a flood of economic reports, and earnings season kicks off friday full market run-down straight ahead. plus, congress is back in session. we'll tell you about the gop agenda and prospects for the health care reform bill in the senate. and country music legend charlie pride will receive a grammy lifetime achievement award tomorrow night in new york kiss an angel good morning, he is going to be here. he joins us live at the bottom of the hour. monday, july 10th, 2017. "squawk box" begins now. ♪

good morning, everybody. welcome to "squawk box" on cnbc. we're live from the nasdaq markets in times square. becky quick with joe kur anyone. equity futures, things are looking up big gains friday after better than expected jobs report. s&p 500 futures are up by three, nasdaq up by 16.5. overnight in asia and japan, gains after friday's big gains after the jobs report. take a look. you'll see that the nikkei was up 0.8%. gain of 151 points hang seng up as well shanghai was weaker,ow