tv Worldwide Exchange CNBC July 26, 2017 5:00am-6:00am EDT
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earnings and the fed take the driver's seat. we're breaking out your wednesday market playbook. and the senate takes up health care. we're live in washington >> and break out the chips and salsa, because chipotle investors are having a full blown fiesta we'll tell you why worldwi"worldwide exchange" beg right now. i'm sara eisen
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>> and i'm wilfred a warm welcome back to you >> it's good to be back. so what did i miss euro at a two year high. anthony scaramucci briefing the press, that was interesting. >> there has been so much. there was a time you used to think it could hit parity. 17% precisely. >> yeah, i thought that a little bit. >> bad timing for your trip. >> but earnings have been pretty strong and the stock market is yet again at a record high let's check in on global markets. equity futures following a worldwide rally on the back of strength in the u.s. strong commodities the move in copper yesterday pretty nice. dow futures up 21 points s&p futures up 2 and nasdaq futures up 5 oil moving higher. take a look at the price of crude. wti 48.30.
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brent crosses over 50. 50.52. and even nat gas >> asian equities mostly positive this morning as you can see. a little bit of red in south korea, but elsewhere a decent enough gains most of the markets. european trade up over half a percent yesterday and yet again today. you've got france up 0.6%, it has been a decent week for european trade we also had gdp data out which for the most part has been positive uk 0.3% in line with expectations >> as for the broader market picture, ten year treasury note yield ahead of the fed announcement today, this is the conclusion of a two day meeting remember no news conference for january eith yell janet yellen, but investor looking for clues when the fed will start to shrink the balance sheet.
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interesting comments from president trump about yellen staying in the running >> and that gary cohn is confirmed to be in the running either way, whichever outcome is positive for the markets someone still committed to be relatively dovish and we know what she's likely to do, and we have a someone who mr. cramer says is worth 5% to the s&p. just going back to that, decent move up yesterday. banks the best performing sector i think we need to point out this was european yields that led this again yesterday actually despite a couple ecb members striking dovish tones. despite yields moving up, we didn't have a strong dollar day because the euro was moving much more strongly than the dollar. >> so let's check in on the dollar this morning as we mentioned, trading near a two year low against the euro. we'll see if the fed strengthens
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the dollar it is a bit stronger, a quarter of a percentage point. 1.1623 >> having crossed 1.17 yesterday. huge handle. >> dollar-yen, 111.86. barely moving. and the pound also flat at 1.3017 as for gold prices, usually teeing off of the euro-dollar mostly, so we are seeing dollar strength and gold weakness down about half a percent for the morning. >> i time my trips to europe ever better than you basically on the weakness of the pound. >> yeah, it wasn't great though i have to say the last time i was in europe, the euro was around 1.30. so better than that. and ooirit's actually helping -- we'll look for coke for instance but the better dollar rate, the weaker dollar over the last few months is set to help. >> and morgan stanley say the
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main reason they beat on fixed income was because of european performance. is that the republicans faced another setback in their attempts to overhaul obamacare the senate failed to pass a beefed up version of the better care act 60 votes were needed the bill would partially repeal and replace the current health care laue. speaking last night in ohio, president trump had a big warning for any republican senator who plans to vote depends an yobamacare overhaul >> the senate is working not only to repeal obamacare, but to deliver great health care for the american people. any senator who votes against repeal and replace is telling america that they are fine with the bocobamacare nightmare and predict they will have a lot of problems >> last night's defeat comes just hours after they eeked out enough votes to you've forward with debate on the bill. we'll hear much more about the
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health care debate on "squawk box. tom price will join live at 8:00 a.m. eastern >> and just one note on health care i was watching the market reaction yesterday afternoon as the vote to proceed with the debate passed, market had a good day overall, but it didn't get a boost off of that. does it bode well for actual repeal and replace, the market didn't take it that way. so it's more in a show me mode or buy the rumor sell the fact mode because it did come off the highs a bit after that vote. >> and john mccain clearly fantastic sort of returned speech, everyone loving seeing him come back and he was at one pointcriticizing the senate fo not doing anything, and maybe framing that will he get the debate going because he knows that the actual vote won't get through. passed a small vote, but a long way to getting the health care bill passed. >> perhaps that explains market
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reaction also in washington, the house passed a bipartisan bill to slap new sanctions on russia, iran and north korea. it limits president trump's power to ease any sanctions on moscow, so it now moves to the senate it is unclear whether the president will sign it president trump giving some mixed signals on who he might pick to be the next fed chair. he said he might renominate janet yellen to a second term, but is also considering gary cohn mr. trump told the "journal" yellen has, quote, done a good job. he also said he likes her because she's a low interest rate person. the president said he will likely announce his pick at the end of the year. >> fed set to raise interest rates in december. >> exactly >> she has steered this economy and this policy toward a more normal place of a little bit higher interest rates, slow enough to not upset the apple cart and so far so good. and i think the recognition of
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that especially going back again some of his campaign rhetoric where he was bashing her for these low interest rates is notable. >> he obviously changes his tune we've seen it before hearing steve liesman on this, if we got to october and we vrnts h haven't had a nomination, that would start to be a bit late right now we're talking about it a lot, but it's not typical that we would have had the nomination yet. but fascinating to hear those two names singled out. >> and we will get that interest rate decision in just under nine hours from now countdown clock is up. wall street widely expecting policymakers to keep rates unchanged. the big focus will be on what the fed says on inflation which really has been missing. we'll have full coverage of course of the decision at 2:00 p.m. >> and this fed decision just snuck up on us >> no interest rate change expected >> exactly
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but i think ooirts realit's rean yieldsaeen leading curve. and that dragged the bank stocks up uk gdp this morning was softs relative to history, but still fine with expectations and is that again because trade with europe european outlook very positive i had an off the record with a senior ceo two days ago and he was very positive, a banking ceo, about the youts look outlon europe earnings continue this week. >> and a lot to get to from yesterday as well. a number of stocks moving this morning. xhich is owoon chipotle is one of them. results were held by stronger sales, fewer giveaways and lower labor costs. they are trying to win back
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customers after yet another neurovirus outbreak last eek they say the issue was the result an employee coming to work sick. it did have an impact, but i think encouraging signs for sales returning from the last food safety scare maybe give wall street -- >> i bet they get a bit of a seasonal effect, too you have to step back a bit in the summer and then you go back in hard around october time. be sure to catch mcdonald ceo steve easterbrook on squa"sw on the street" this is just after the fast food giant reported better than expected results other stocks to watch from yesterday, at&t shares moving higher after their earnings beats the strooeet and reportin
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strong growth. and amd shares are shoring chip maker upping its full year guidance up over 10%. shares of u.s. steel are sharply higher, pointing to higher vices and volumes across all segments. >> and texas instruments second quarter results beating forecasts. they benefit from chips for its automotive and industrial customers. and forecasting third quarter profit and revenue both above analyst estimates. wynn reports profits fell short. they say business at its newest resort continues to be hurt by construction nearby that may not end until next year. amgen posting better than expected quarter profit.
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in deal news, viacom has told scripps an all-cash bid it yesterday david faber reported that the skscripps family want cash deal. and citi moving higher yesterday. they say restructuring is over and his new earnings targeted supported it, their first investor day in nine years in particular earnings targets in terms of planning to return over $20 billion in cash over the next three years to shareholders and 11% roe target and 20 efficiency target in the low 50%. which is well ahead of analyst forecasts. ceo even spoke of a $100 stock price target analysts say this is ambitious
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and speaks of the growing confidence that he has in the business i'd say in terms of valuation, citi of course have had astruci financial crisis and that's why valuation compared to jmpt p mopmorgan. so again you can see the potential for citi to play catch up taken very well by the market yesterday. up over 2% and on a programming note, don't miss jim cramer's exclusive with the citi ceo tonight at 6:00 p.m. we've been starved really of access to them in a media sense for quite some time. >> and you were talking about projecting a new confidence. i can't remember the last time we heard from mike corbat. >> and we now know why because they have waited until they passed what he described
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yesterday as an inflection point for the company. and of course investor day was yesterday. and the exclusive with jim tonight. one not to miss. up next here on the show, the house taking steps to slap sanctions on russia. we'll tell you why europe could be getting ready to retaliate. >> and later russia just pulled an epic prank on energy secretary rick perry full details on that one laugh, and hello sensitive bladder. ring a bell?
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various groups have ongoing projects with the two big russian energy groups. and there are big concerns, they are meeting on this today actually in brussels, where this will be raised there are big concerns that new sanctions will prevent the big european oil majors from doing deals that are currently under way with their russian counterparts one in particular even dating back to the obama administration, there is a pipeline by passing a lot of eastern european and provide gas directly into germany and americans have been angry about this going back years.
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this sanctions would basically force them to stop that pipel e pipeline so projects could get hit by these sanctions and the eu is thinking about retaliatory sanctions if they follow through with this action >> and even stepping away from the economic and energy sort of pushback that you might see, i think it's fair to say there is a view here in the u.s. that if president trump did decide to try to block congress' plans to impose sanctions, that would be seen as crazy and just one voice versus everyone else united against that but politically in europe, there are plenty of major u.s. allies who don't share that view irrelevant to the economic impact that they think, no, we have to allow russia to move forward. >> there is a divided europe yed frankly they are trying to guide europe you've eastern europeans who -- there are huge backers of
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russian sanctions. they have seen enormous amount of pressure by the russians particularly in the baltics, rallied up by russian language media and tv and whatnot they are all for more sanctions. but you do have traditional old europe, italian, french, they want to go back doing business with what has been a long term business partner in russia so you have these tensions in europe much like the u.s. where not only do you have the long standing issue with the russians in ukraine and elsewhere, but now this new controversy around the trump administration's contacts with the russians and that really sort of ties trump's hands. can he actually veto this without being seen as being a stunlg of the cell lynn when facing accusations that his son-in-law and his eldest son himself have been in direct contact with russia during the campaign so it's put the president in a tough situation. >> we'll see what he does with that legislation peter, i wanted to ask you about
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monetary policy. today is fed day and the divergence orion if you would call it a divergence between europe and the u.s., but certainly the amazing resilience and strength of the euro has been a focus for wall street against the u.s. dollar. what in europe are you looking for out of janet yellen in the statement today? we won't get a news conference, but we are watching her, and of course that policy as the ecb reconsiders its own. >> yeah, basically the one thing we need to look for is that the ecb and the fed have struggled with is this inflation data. we'll seen relatively strong economic growth both this britain and europe, new economic data out this morning. uk slightly underperforming expectation, but still pretty strong so the expectation in europe is that the ecb will start tapering qe, might even move toward the rate rises in the not too distant future so we're thinking tightening in
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the eurozone and despite weak inflation numbers and fed seems to be going the other direction. again, economic growth this the u.s., weak inflation numbers and the fed seems to be looking more at the weak inflation 2457b the economic growth. so a bit of a flip euro is going up because they see draghi focusing on economic growth and ignoring inflation which may or may not be true but that is what the mar get kes interpreting and yellen is going the other direction. we've heard rhetoric on inflation and she seems to be focusing more on bad inflation numbers. >> it gets murky at this time of recovery peter, thank you up next, throwing in the apron? big changes at the top of blue apron. and another check in on european trade positive yet again france leading the charge.
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street led by banks. and let's check currencies, too. s if ted day and the euro has zoomed ahead a little bit of dollar strength into the fed decision today. but broadly the euro is not far from two year highs against the dollar dollar just ticking higher against the yen. vix also a big mover low volatility correlates with the record high stock prices >> and we talked about draghi's impact and probably your shopping trip to italy >> did not have much time for shopping >> but still an extraordinary effect blue apron is shaking up their leadership their ceo transitioning to senior advisory role changes come less than one month
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after their underwhelming ipo. >> and meg whitman is reportedly on the short list for uber's open ceo job she hasn't been formally approached yet and unlikely to actually take the gig. whitman was an early investor in uber and has quietly been consulting the company report is that whitman is fully committed to hp. one thing is clear, this company wants a female ceo >> certainly interviewing a lot of female ceos on their short list >> when you think about who will come in and solve a crisis, who do you call? a woman. >> i won't say anything but yes, i agree. still ahead, we're drilling down on today's top stories and a look at all the big earnings movers and first a big round up of erwaspndnews in washington a the s lents of it. for your heart...
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welcome back i'm sara eisen >> and i'm wilfred frost we did see record closes yesterday for the s&p and nasdaq and the russell. >> a trifecta. >> but not your favorite quad-fecta you've been gone so long, we haven't used that. anyway, dow crossed a record high, we didn't close at one and banks led the charge oil moving higher as well. sharp drop in u.s. oil supplies by about 10 millionxpected to bt amount 48.25 the price of wti >> and as for asia overnight,
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strength building on the u.s. session and also on the move that we saw higher commodities like oil and copper which did well about a l. well hong kong up a third of a percent. shanghai comp up a little more than a tenth of a% south korea was the outlier. in europe, let's show you what is going on. we're seeing pretty strong picture as well. the german dax up almost half a%, france up horn that. and it's really green across the continent. the euro is backing off from recent highs the dollar strengthening waiting for the fed decision at 2:00 p.m and treasury note driven by a big move higher in european yields 2.31 this morning. the dollar was just higher yesterday in terms of the broad
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index. crossed above 117 because of the rise this european yields. today just backing away from that a little bit of euro weakness, dollar-yen flat and the pound softness as well today gold down about half a percent they fell fractionally yesterday. and turning to wall street'sed a yen today, it's about the earnings and fed bowing, coca-cola, ford, hershey and northrop grumman all reporting before the opening bell and after the close, facebook, pay pal, samsung, gilead, whole foods. new home sales are out at 10:00 a.m. and the fed does wrap up its meeting. a statement expected at 2:00 p.m. eastern not the news conference with janet yellen and we're not expecting any change in interest rates, but we are expecting
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language change to indicate when they will start to shrink the balance sheet. next interest rate increase is set for december according to the futures market and yellen still being considered by president trump. meantime earnings are in focus chipotle shares moving higher. landon dowdy joining us with more >> good morning. chipotle reporting better than expected earnings last night, but revenues a bit short and same store sales missed estimates. the chain has been trying to earn back customer confidence after food safety issues in recent years, but it's stock took another hit last week after two people contracted neurovirus at a chipotle in virginia. the company ceo confirmed the outbreak was the result of an employee coming to work sick adding to the bad pr last week,
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there is also a viral video showing rodents falling from the ceiling at a dallas area restaurant and on the call last night, chipotle outlined ways to plan to attraction new customers and win back ones who have left. and this includes making a big bet on queso shares are up a little more than 1% in early trading. >> landon, thank you very much i don't ask for cheese on my chipotle >> what? >> yeah, try and offset what is otherwise a very fattening thing by not having the thing that you need >> cheese makes everything better >> i agree could it be chipotle is liquid gold i guess that is a big deal >> i thought afc the avocado, now queso. >> 17% sales growth, that sort of renewed faith in the company. >> i've been good recently, but it's been really tempting.
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>> you're not affecting by the neurovirus reports >> they never had it in new he w revelation not quite sure how happy i am about that anyway, moving on, other stocks to watch, express scripts says a new contract will be on terms significantly less favorable than the company, it's down 1.3% akamai shares are falling forecasting quarter quarter revenue that missed estimates. oouts do it's down 7% i robot pointing to success on amazon's recent prime day instead to positive results and record stock jump, bloomberg reports a possible soft bank stake in irobot. shares of nintendo getting a bunch on the back ever strength
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in its recently launched switch console. timel daimler posting another record quarter. they created a strong base off of which it says it will be able to, quote, exploit new business models amid industry disruption. hyundai posting its smallest quarterly net profit in five years. the auto maker warning the second half would be challenging due to slower sales in the u.s. and in china let's move on to top trending stories rick perry falling victim to russian pranksters the energy secretary thought he was speaking to the ukranian prime minister about energy poli policy instead he was being pranked and was pressed after being told about a fuel created from a mix of home brewed alcohol and manu manure, perry responded positively to the idea i don't understand how you can get a prank call into a cabinet secretary.
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>> well, it is pretty have a ordinary how that can get past it, but it's hilarious prank calls are the best when they come off well >> poor rick perry >> embarrassing. but any way, ukranian president -- do you think you could do a ukranian accent >> no. >> let's move on rihanna scoring herself a high profile meeting. the singer taking to twitter to ask emmanuel macron and other world leaders to support her charity. she's set to meet with macron today this paris >> it pays to reach out on social media i guess if you're a major celebrity. >> if you have millions and millions of followers. >> and a good cause. has game of thrones f tloeod it's next comb cameo
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fans are waiting to hear who will show up next. one top pick is justin bieber. >> the ed sheeran appearance, i haven't watched yet, but it was widely criticized that it was too random >> and that is not their style >> sthee put in a they should s journalist >> yeah, we could report on the central bank >> yeah, be good lyft wants to help customers satisfy their fast food cravings the ride sharing company announcing a partnership with taco bell allowing people to add a stop to their ride it's being tested in orange county, california between 9:00 p.m. to 2:00 a.m
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>> taco bell does great with these marketing ploys. so yb? what do you want after going out drinking >> well, on that particular occasion but most of the times you're traveling us want to get a to b, i would think it's thought something people really werenano do when you're traveling, you're in travel mode. longer journeys in california maybe need pit stops and leaving behind your bag, something i've duone a thousand time, in uber will cost you. it will let drivers charge a $15 fee when they successfully return a lost item right now it's in boston and chicago, but it will be rolled out by the end of august >> $15 is cheap. my little brother left his bag in the car and the driver denied it until i offered more money. $15 would have been xheep to aet
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back his darn bag. >> i've had to meet uber drivers at random places >> is that something you go regularly 1234. >> unfortunately now to sports. katie ledecky swam for a piece of history yesterday at the world championships. ledecky who won four gold medals last year came into 1500 meter race as a huge favor she quickly opened a huge lead at some point she was swimming in one direction while the rest of the field still in the other. she won by a full 19 seconds her 12th overall gold medal moving her past missy franklin as the all-time winningest female swimmer >> good british in the pool as well >> i haven't been keeping track. >> we need some uk on the leaderboards >> swimmers, cyclists.
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tennis players >> a little disappointing in the tennis but any way, coming up, latest news out of washington >> and another check on u.s. futures. coming off record highs for the s&p, nasdaq and the russell, the strength continu ts rng. w futures up 31. your privacy makes you my number 1 place... ...to go number 2. i love you, but sometimes you stink. ♪ new febreze air effects with odorclear technology cleans... ...away odors like never before. because the things you love the most can stink. and try febreze small spaces to clean away odors for up... ...to 30 days. breathe happy with new febreze.
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catching our attention in the papers my pick in the "washington post," this is a column brought to you by the amazon "washington post." the "washington post" columnist dana milbank mocking president trump. "washington post" is nothing to do with amazon, though president trump does accuse it of being a lobbying tool for washington he also has been sharply critical of some of the recent coverage so day that pona pokes fun of it he says my job is to give you the truth without fear or favor and with no concern about what bezos might think. the ugly truth 2009, you can buy it on amazon video in other words, he's poking fun of what an amazon and "washington post" would actually be at the "post" he says there is no man in the high castle, an amazon original series
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showing that actually there is no link, he makes a point that bezos is very hands off edit editori editorially. i wonder if bezos will have a fight on his hands when it comes to amazon within the administration that is a bigger question because the tweets have ramped up lastly. >> the thing with this though is that the president does have a tiny bit of ground at least to make this sort of accusation because clearly the newspapers as the tv channels are have political leanings in the united states as they do in the united kingdom. and if a paper does repeatedly support the democratic side of things rather than the republican side or regularly attack the president as opposed to support him, clearly there is something central coming out of the newspaper. it didn't have to mean that it is being led by the owner of the newspaper which we know is not the way that journalism is led here in the united states or anyone worth their salt. but clearly the paper does go
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after president trump very regularly, so it gives him some am nmunition ammunition >> i think you have to make a distinction between the op-ed pages and the journalism work. >> and no trace back to the owner, but there is grounds for the president to suggest that the paper is going after him at times. >> and speaking of washington, a lot of news there breaking overnight. the senate hits another wall in their attempts to overhaul obamacare. the house passed new sanctions on russia, president trump making xhenltds on w comments od chair. kayla tausche is live for us and our first question is what happens next with health care? >> there will be a vote today at around noon where senators are going to take up this stand alone repeal from 2015 of course this comes after last night they voted on their replacement bill and that failed there were nine senators that objected to that so going through the motions on
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different iterations of health care bills that they have put forward with the expectation that what will be the end result will be some sort of skinny repeal and will repeal the mandates but keep a lot of the support there both moderates and conservatives in the senate, but unclear what then would happen in the house uphill battle still. >> and of course we saw the return of senator mccain, everyone dlitsed to selighted t back what did you make about the contents of his speech >> it was very uplifting, very dra matt if i c from colleagues on both sides o the aisle. there was some criticism that he was basically issuing a shot across the bow at mitch mcconnell at the process that he had been running about the way that his senate colleagues have been conducting themselves and lawmakers at large how they were just basically trying to kill the other party's ambitions and not doing anything for themselves but then he proceeded to vote yes or or koos hcast his vote fo
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yes. so a lot of people saying actions would have spoken louder than words, but mccain has always said that he was in favor of getting a debate going but he was not going to support the bill as it currently stood >> and i would point out he got the front page covers after his appearance on capitol hill just to dive into health care a bit since this will be the topic de jour? which health care bill are they voting on? which one ha chance? >> and to be fair as a new comer to washington, i'm still an early study on all of the rules and procedures and arcane ways that congress conducts itself and what can happen, what should happen, and how different those
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things sometimes are so last night the senate voted to proceed on the house's health care bill. this is the american health care act that the house approved back in may and i'm told that because of the rules of reconciliation, that is the only thing that they are allowed to do. immediately after that, the senate majority leader put forth an amendment to substitute that bill with something else and it was after that where he sort of substituted the contents of the house bill that they voted on the better care act which was their replacement, that failed. and now they are voting on the repeal and then they will keep working from there >> it's very confusing >> you're telling me >> it's hard to figure out what it will 3450e7b for americans' insurance, cost of health care >> and not just for americans, i can assure you for brits, as well kayla, thank you very much up next, we're counting down to today's big fed meeting we'll tell you what you can expect ♪
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u.s. futures up 7 for the d dow. with us now, michael, great to see you. first question, it's a fed day, but we're not really focused on it, are we >> not yet we've been focused by so many other things an certainly a lot going on in washington and a lot on capitol hill. all of it frustrating and tough to keep up with. but 34mrs. yellen has some important meetings today whether she will actually start this rolloff he have boof bondsd whether they will raise rates one more time this year.
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i believe if she can find a way to do it, she will do that, too. a lot for wall street to be paying attention to and a great and important interview tonight with jim cramer with citi. this is a big day. >> i agree with you. and when it comes to earnings, have you been pleasantly surprised? i know you've been skeptical of the market rallying to new highs, but here we are again and it is fueled by much better than expected results thinking caterpillar and mcdonald's yesterday >> caterpillar was big mcdonald's was strong. yeah, i think that the earnings have actually delivered. it's been a wonderful thing for this market. you remember at the beginning of the year as the markets started to rise based on trump policies and anticipation of fiscal stimulus, i said wait a mint, pric mint, prices have beginning to move up and fundamentals haven't. now we're seeing the fult als come along so i always tend to be cautious, but i really am encouraged that we are seeing some earnings and
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the fundamentals improve to support some of these prices those earnings gains in the u.s. are expected to continue not only for 2017, but into 2018 by most analysts in gubl digits >> you mentioned citi. we saw the ability of a company if they meet their targets to grow kind of regardless now of the environment, but at the same time, broader banks index was up yesterday largely because yields rose so they are also beholden to what the market is doing what is your view on financials and your top pick? >> we've seen bank prices of about 6% while stocks somewhehae remained flat. there is an increase in bank prices i think with an increase in rates, there is still more hone money to be made in banks. certainly as the regulatory environment eases in the u.s., whether you think it should or not, if it does and trump policies actually do that, then
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i think those prices can go further higher i think that there may be an opportunity here in goldman. i like jpmorgan, bb&t, pnc, i think there are opportunities in all of them. >> do you think there will be aun uncertainty factor introduced about who becomes the next fed chairman? president trump told the "journal" that janet yellen is in contention. and gary cohn who we know is his economic adviser and there may be other candidates as well >> i think it matters probably a lot because there has been a big push of course in the u.s. to audit the fed and to have a little bit more control from congressional oversight and oversight from the executive branch of government yellen could be a very interest choice for president trump and yes nobody is really expecting that i think she has been moderate in her comments about the administration i think he's been moderate about his comments about her so more hawkishness or
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dovishness in this pick will send a strong message. >> we'll have to leave it there. michael farr, thank you for joining us "squawk box" is next this is a story about mail and packages. and it's also a story about people and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you
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good morning it will be another hectic day for earnings we'll bring you results from coca-cola, boeing, ford and we'll show you how the street is reacting to numbers from at&t and chipotle the senate narrowly voting it open debate on health care reform we'll get a live update from washington plus a tech ceo is in the running to take the top job at uber don't mind me, you have andrew's coffee just go ahead. that is important. you got both his cups? don't worry about me, please
6:00 am
we'll tell you who is on the short list it's wednesday, july 26, 2017. squawk box begins right now. good morning we're hive at the nasdaq market site in times square thank you for my starbucks i should also say i got on to this coffee because of howard schultz. do you remember when i went on that trip to seattle and did that interview with him. they had -- this is nitro, so it's iced coffee with my ro nit ox
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