global market alert. u.s. stocks look like they could stage a comeback after the dow suffers its worst day since mid-august. the most powerful atlantic hurricane in recorded history makes landfall and caught stealing. the yankees/red sox rivalry just went high-tech we have details of that. it's wednesday, september 6, 2017, "worldwide exchange" begins right now ♪ good morning a warm welcome to "worldwide

exchange" on cnbc. i'm wilfred frost. >> i'm contessa brewer in for sara eisen let's get to the market action yesterday a pretty big selloff we did come off the lows by the end of the day still down just over a percent for the dow. a little less than that for the s&p and the nasdaq financials took a big hit that sector within the s&p down 3% insurers down more than 3% of course there's another hurricane and storm approaching landfall or makes landfall last night, that was onefactor. we saw the banks selloff almost as much. yields moving lower. either way, we are bouncing back a bit today. the dow called higher by 30 points nasdaq by 16 s&p bir 4 poiy 4 points the ten-year treasury which saw a significant move lower in yields ended friday 2.16% yesterday the low was 2.06

now 2.075. a large part of that, all of that risk off move yesterday was down to north korean tensions. >> and the same thing is weighing on asian stocks this morning. looking at the equities overseas, the nikkei is off by 0.15%. the hang seng almost down a half percent a similar trend in europe around the globe. we are now seeing markets slightly lower on the day. the dak off by 0.1 7 the cac off as well. oil prices, big jump yesterday. they had a decent three or four sessions back end of last week and start of this week up 3% yesterday. more refineries coming back online in texas. today oil extends its gains by a quarter percent. dollar board for you we saw the dollar move lower yesterday, but relative to the

move in yields, you could say it was a muted move lower down 0.34% today the dollar continues to slide, but not too much, by a quarter percent or so against the euro and less than that against both the yen and the pound. it is another day of dollar weakness gold prices did jump yesterday, up 1 % broadly flat this morning at 1,344 in terms of the market selloff yesterday, as art cashin was saying on "closing bell," 80% sor wor so was around north korea. if we don't see a missile hitting landfall, which we don't expect, there is some ground to make up. the important thing i want to note yesterday tyesterday, it dc on higher volumes, more normal as opposed to august lows, and it did happen during the trading day. in the past the north korean

issues have happened in the premarket hours, this happened in the trading day so it's something of more of a concern. dmoefrnlgts >> and domestically investors are look at these hurricanes a developing story out of the caribbean a powerful category 5 hurricane named irma made its first landfall this morning before heading for possibly florida this weekend we are joined by kaylee with more any sense on the track >> that's one thing we'll be watching we don't want people to really hone in on the exact track at this point because there's still a lot of uncertainty with the track in the coming days. it could go along the eastern side of florida or go on the western side going into the gulf behind me here, this is the latest update from the national hurricane center 185-mile-per-hour s the question with your track there's the cone, you can see the cone is now going directly over florida

the last update, it was sliding just on the western edge and going into the gulf of mexico. you can see what i mean, just within the last update, it's changed a lot. we don't want to focus on the exact track, east coast of florida, west coast of florida everyone in there needs to take preparations there's already hurricane warnings for the leeward islands as well as puerto rico for later on this afternoon going into tonight, potentially making landfall there as well as just to the north of it we'll watch that track now moving to the west-northwest it is expected to continue moving west-northwest as we go into the next couple of days in the next half hour we will talk about potential impacts >> thank you very much for that. as florida braces for hurricane irma, frozen concentrated orange juice futures are jumping. the sunshine state is the world's second largest orange producer florida was expected to produce more than half of the u.s.

oranges and nearly half of the country's grapefruits. >> irma is also disrupting flights as it threatens the crib understand and south florida american airlines canceled 35 flights through tomorrow to several caribbean test makes including departures from ft. lauderdale, west bapalm beach ad miami. the nfl postponed the game between the buccaneers and the dolphins the league is still considering whether to move the game to a neutral site or play it later in the season >> it will be another story of a lot of human impact i think sadly this one particularly in those caribbean islands. >> we'll have to watch whether this becomes a big wind event, which is very damaging as opposed to the rain event and the flooding event which we saw with harvey in texas. to today's top geopolitical story, investors are closely watching the situation with north korea. russian president vladimir putin met with his south korean counterpart earlier today. putin is calling for talks with

pyongyang saying sanctions are not working. chery kang joins us live from seoul this morning with the latest >> reporter: good morning. so, yes. both countries leaders strongly condemned the latest nuclear test by north korea, but this meeting did not yield results that we did not expect to see here russian president vladimir putin is not going to be happy with this scenario of a nuclear north korea, but at the same time his view that sanctions and pressure are not going to work and remember his comment coming from the brics summit earlier this week, he said that north korea will rather chew grass than give up its nuclear weapons the fundamental basis or premises, i should say, that they're working with is quite different here south korean president moon who flew out to russia to meet with

his russian counterpart as well as japanese counterpart on the sidelines of this economic forum said it is inevitable to bring this oil embargo on the north korean regime. this is considered one of the critical pressure points on the north korean regime as a punishment for the latest nuclear tests. in the meantime, u.n. security council is trying to put together the sanctions package they're voting on the resolutions next monday. >> just stepping back from the north korea issue, what is vladimir putin and russia's relationship like with china on most issues? are they aligned that's going to be an important bilateral relationship if russia is to get more involved in the north korea issue. >> i think they are -- we are say they're aligned in terms of their stance because they're not exactly happy with this idea of bringing in this missile interceptor system from the united states to be deployed in south korea.

so they're taking their -- these are the two countries at the u.n. security council taking issue with that. so that's exactly the reason why they're not giving enough support for this kind of resolution also, they do not exactly believe that sanctions are working on north korea >> thank you very much chery kang in seoul. back in the united states, corporate america is reacting to president trump's decision to end deferred action for childhood arrivals, or daca. the program protect undocumented immigrants who came to the u.s. as children. tracie potts joins us live from washington i should say protected >> reporter: exactly now unless congress acts, they will not be protected. while the president is off talking tax reform in north dakota he left congress to deal with these hundreds of thousands of immigrants who had no say on when they came to the united states and now may have no say on when they leave what the president called a case

of heart, now sparking emotional protests all over the country. >> can't go back home. they can't send me back home this is my home. >> reporter: 800,000 dreamers, children brought here illegally now at risk for deportation unless congress acts in the next six months >> this was not a legal decision this was a political decision. >> most americans know how heartless this daca decision is. >> reporter: president trump defends ending daca, the order that protected them. >> i have a love for these people, hopefully now congress will be able to help them and do it properly. >> reporter: under rules announced by his attorney general, no new applications will be accepted the program will phase out in just over two years. president obama issued that order. he calls this wrong and cruel. but trump's supporters say it's not about the dreamers, it's about the law. >> enforcing the law saves lives, protects communities. >> this was unconstitutionally

done congress should be the one who legislates on it. >> reporter: congress with a deadline to keep their dream from becoming a nightmare. so a couple of important things. dreamers have one month to apply to extend their status for two years. that's a lot of people trying to get those applications in in a short amount of time also the white house is telling homeland security that deporting them is not a priority if they're not criminals, but then homeland security is telling the dreamers in the time they have left they should be making travel arrangements, getting ready toleave. >> congress tried to attack immigration reform in a bipartisan way tsh, it failed miserably. what are you hearing about the will toed a this through the legislature? >> democrats and republicans don't want to take the hit for people who didn't have a say in coming to this country having to leave. republicans seem simpa thet toik

th sympathetic to that, but they want to enforce the rule of law. it's been difficult for them to pull together anything on immigration. there's already wanting to pull in other parts of the legislation to get this done moving on to corporate news, shares of hewlett-packard are gaining this morning landon dowdy has more. >> the software and hardware maker earning 30 cents a share, 4 cent s above estimates. revenue at 8.2 billion dollars, versus 7.5 billion forecast. results were lifted by the 8.8 spin o spinoff of noncore assets. meg whitman has been rumored in the running to become the next ceo of uber before publicly saying she would not be leaving hpe. whitman addressing it on the

earnings call saying the role was not the right thing and that hp has a focused strategy and a path forward to build a very big business and hybrid i.t. in the internet of things shares of hp up 15% in the past year the stock is up about 4% in early trading. back over to you >> thank you very much for that. >> don't miss hpe ceo meg whitman on "squawk on the street" this morning at 9:00 a.m. eastern time. to today's agenda on wall street a trio of economic reports to watch july trade deficit numbers out at 8:30. followed by the august ism services index at 10:00. and the fed beige book at 2:00 hd supply reports before the opening bell after the close we'll get results from yext in the second report since its ipo earlier this year. is facebook inflating its ad reach? the wall street analyst who

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welcome back to "worldwide exchange." we're looking flat as you can see, which is a vast improvement to yesterday big selloff on wall street over a percent for the dow, less than a per fecent for the nasda and s&p. most of the selling coming during the session with volumes back to normal levels. not a huge spike, but above where august was, which was below the typical trend. so worth noting that sell offyesterdof off was led by financials. the reason for that said to be north korean art cashin saying that was 80% of the reason for the selling. oil prices jumped the opposite direction. they are a good three or four sessions as more refineries come back online in tex oil up today but not much. 48.8 the price of wti. stocks to watch today,

shares of duluth holdings are up sharply. they reported better than expected second quarter results. they saw net sales rise by more than 30% dave & buster's stock is falling. the second quarter revenues missed forecasts the company is trimming its full-year earnings and same-store sales outlook coupa software reported a narrower second quarter loss revenue beat forecasts the enterprise softwaremaker expects third quarter revenue to rise 25% toshiba shares rising more than 4% today in japan western digital has agreed to drop out of a group bidding for the flash memory chip business to take a stronger position in the joint venture. the board is meeting today to discuss the deal up nearly 5%. hudson's bay reporting a wider than expected second quarter loss new stores and a favorable foreign exchange rate offset

fewer shops and more sales promotions the company's saks fifth avenue brand had a big increase shares for elec for images are jumping. shares plunged 45% in the fourth quarter. the company announced it was examining accounting practices it fell 45% at the start of august up 12% today. new accusations that facebook is inflating its ad reach. pivotal reach group says the potential ad reach is greater than the number of people than exist in recorded u.s. census data facebook says its numbers are estimated at how many people are eligible to see an ad run. the pivotal analyst maintains a sell rating on the stock with a price target of 140 bucks for year-end

facebook up about 15%. sorry, 0.15% in auto news, nissan is unveiling a redesigned version of the leaf. the new model is a longer range version that can travel 50% further on a single charge it features advances in autonomous driving technology. the leaf is the world's best selling electric car, but its range falls short of those offered by tesla and gm. the new model is $5,000 cheaper than the tesla model 3 down 0.6% today in japanese trade. coming up, the top trending stories including how the boston red sox reportedly usedan appl watch to steal more than a base. first, as we head to break, the national weather forecast from bonnie schneider. >> good morning. tracking hurricane irma, a massive category 5 storm with winds 185 miles per hour sustained. just incredible as the storm

bears down on the islands including barbuda getting the brunt of it. a category 5 maintained through the turks and caicos, and watching where that turn will be towards the u.s. that northerly turn will mean a difference for the track. it is uncertain at this time the steering mechanisms, the high pressure over the atlantic, and of course that right turn i mentioned, will it go towards the gulf or further off to the atlantic one thing to note is the time to make those preparations is now that's a look at your bunesiss travelers forecast more "worldwide exchange" when we come back i love you, couch.

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welcome back to "worldwide exchange." it's time for our top trending stories. i know you love this story about the boston red sox >> i think it's ingenious, but if it breaks the law it shouldn't be done. >> the boston red sox have been caught red handed. major league baseball found the sox cheated against the yankees by using an apple watch. investigators learned red sox trainers got signals from the team's video replay staff and used the smart watch to relay them to players. it is legal to steal signs in baseball, legal to steal, did you get that but teams are not allowed to use electronic devices to do so. the times says the red sox

admitted using the apple watch i think it's splitting hairs if you're stealing, you're stealing >> so you're saying it should be allowed. >> i'm saying, don't we all move into modernity >> i think there's a kind of nuance as you try to read the signs of the players versus actually spending money on tech and cameras to do that illegally. i think if it's illegal, it's 100% illegal, because there's a red line on that device. it will be interesting to see how big the punishment is. if they get stripped of points >> it's the boston red sox taylor swift is at it again. according to tmz, the pop princess filed to trademark a collection of phrases from her upcoming album reputation, including this line. ♪ i'm sorry, the old taylor can't come to the phone right now ♪ ♪ why

oh because she's dead ♪ >> trademarked phrase, the old taylor can't come to the phone right now will be used forever tay-tay merchandise. >> you sound so hip when you say that. >> i think i'm disappointed by the latest couple of songs >> it's like an ear worm i can't get it out of my head. i'm using it in domestic disputes at home when i say look what you made me do >> okay then >> but she's -- i'm sure this will come out to be proved a great move, because she's a moneymaking machine. she's definitely captured the market >> here's a question for you, would yyou trade your own personal information so cue go to a lady gaga concert >> i think we already do it unknowingly. >> now verizon knowingly is saying yeah, they think their customer als will do it it's launching a program called verizon up which customers can opt into a service called verizon selects, which enables

the company to monitor things like the apps you use, where you are in the world, in exchange they say thanks for all the information, here's some lady gaga concert tickets or whatever >> i foel like they already steal all of our information any way. i suppose it's a step further to allow them to get past things that are currently illegal but which is maybe 1% of the things that they're allowed to do they seem to steal all the data any way. still to come, the top anories and stocks to watch d a round up of global markets stay tuned you're watching "worldwide exchange." hey, how's it going? um... who are you? i'm val. the orange money retirement squirrel from voya. i represent the money you save for the future. see? we're putting away acorns to show the importance of being organized.

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stocks posted their worst session since mid-august yesterday, today we're in the green. we'll look at what's behind that bounce back straight ahead. hurricane history. the most powerful atlantic storm ever recorded makes landfall we're tracking irma's path and the potential impact. and tensions mount we're live on the ground in beijing as the north korean crisis takes center stage. it's wednesday, september 6, 2017 you're watching "worldwide exchange" on cnbc. ♪ good morning warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. >> i'm contest is a brewer in for sara eisen. as we suggested in the headlines a big selloff yesterday. over a percent for the dow, all

three finished off the lows. financials down 3% insurance companies down, also banks down the best part of 3% as yields slipped. this morning we're bouncing back to the tune of 31 points, 32 points on the dow. small relative to yesterday's 234 point decline. let's look at the ten-year treasury note. yields slipped yesterday, markedly slipped from 2.16% on friday's close we were closed here in the u.s. on monday, 2.06% yesterday just above that today, 2.08% a broad risk-off move yesterday. >> in asia, where all eyes are on north korea and the continued threat there, we were seeing some softening of the markets. nikkei down 1.44%. the hang seng off 0.6% the shanghai up fractionally seeing some of those same concerns translate into the

european stock markets today where we're seeing only the auto sector bouncing back germany, france, ftse all down this morning also tomorrow the ecb's governing council will meet to talk about whether they can tighten now the monetary policy. so a lot of investors in europe taking a close look at that. >> as for broader markets, oil prices enjoyed a nice bounce yesterday. they had a good few sessions in a row as some refineries have come back online in tex, up 3% yesterday. still positive today, only by a third of a percent dollar board for you, we did see a move lower in the u.s. dollar yesterday. given the size of the move lower in yields, you could expected the move to be higher. today is continues to move lower, but not in a very pronounced fashion a quarter percent higher for the euro against the dollar, broadly flat against the yen and the pound. gold prices enjoying a sdeent bounce yesterday having a good finish to august

up a percent yesterday flat today, 1345 the price of gold. big story out of the caribbean. a powerful category 5 hurricane named irma made its first landfall early this morning. possibly now it could head to florida this weekend kalee dion jone joins us now. >> reporter: this storm is a beast. it's in a unique category with some of the strongest ever only behind allen which was back in the 1980s that had 190-mile-per-hour winds. right now it has 185-mile-per-hour winds. at this point the latest update from the national hurricane center has it moving to the west-northwest it's about 30 miles from st. martin it will make a direct hit there as we move forward over the next hour or so when we're looking at this storm, we're looking at a very powerful textbook hurricane, category 5 storm sill several days out from

florida. everyone in florida, along the west coast, east coast, miami, needs to start preparing now puerto rico, some of the strongest storm surge for you -- we'll talk about this more later, will be on the northern side of the island that potential will go up as we go into the evening hours a strong storm that has a lot of change, is that could be made as we go into the next couple of days i don't want people to focus on the track more than preparing now before it gets there >> thank you very much for that update today's top geopolitical story, investors are closely watching the situation with north korea north korea. vladimir putin met with his south korean counterpart earlier today. putin is calling for talks with pyongyang saying sanctions are not working. eunice yoon joins us live from beijing where china is also closely following the developments of this story good morning >> reporter: good morning. i think the point today is that despite the concerns that north

korea could potentially have just tested a hydrogen bomb, china's policy remains in the foreign ministry's words as consistent and firm. china's position has long been that the problem comes from the long stemming animosity between the u.s. and south korea alliance and north korea, and that china is not to be held responsible. again we saw that in the state press where they went as far as to say in the past couple of days that china is really the main external victim in this entire situation today the global times, which is the communist party paper ran another editorial putting the blame on the u.s. and south korea saying that the u.s. and south korea should offer pyongyang a sense of security. how do they do that? china has been pushing forward an idea, called the freeze for freeze idea which is that the u.s. and south korea should freeze their military drills in exchange for north korea freezing its weapons program however as you probably already

know, the u.n. ambassador to the united states, nickki haley called that insulting and is pursuing the idea of tighter sanctions. china again ran another editorial in the china daily saying that what pyongyang should have and would need is a sense of security. so this is what the china daily said they said as long as pyongyang feels a sense of insecurity it would rather eat grass than suspend its nuclear weapons program as russian president vladimir putin said on tuesday so we're seeing the chinese state press quoting what president putin had said because of their concerns about how this whole situation could potentially escalate >> just more broadly, away from the developments of the korean crisis what are relations like between china and russia are they close allies? or just over this certain issue? >> over this certain issue

they're definitely seeing eye to eye. in terms of the sanctions, in terms of the entire approach, again, we saw that russia was backing china's idea, and china sees itself as taking a lead on this idea of negotiations, trying to get everybody to the negotiations table either through six-party talks, or in their hope that the u.s. and north korea would potentially sit down again also this idea that the u.s. and south korea need to lay aside their concerns and instead stop their military drills in exchange for north korea potentially freezing their nuclear program as well. of course the us h.s. has been n saying, as nikki haley said, that's insulting and not something they would do. the u.s. said they would not be willing to put up front concessions down as well >> thank you very much for that.

president trump is winding down the so-called daca program which has protected undocumented immigrants brought to america as children jeff sessions announced there will be a phased termination schedule that will allow congress a six-month window to pass legislation that could eventually save the obama era program. cnbc's delivering alphais less than a week away. you don't want to miss a big lineup of news makers including treasury secretary steve mnuchin, that's tuesday september 12th go to deliveringalpha.com for more details. there's a trio of economic reports to watch july trade deficit numbers out at 8:30. followed by the august ism services index at 10:00. and the fed beige book at 2:00 hd supply reports before the opening bell after the close we'll get results from yext in the second report since its ipo earlier this year.

shares of hp enterprise trading higher the data center technology company posting better than expected quarterly results performance was helped by higher sales for its networking equipment. shares up 6% don't miss meg whitman live on "squawk on the street" this morning at 9:00 eastern. shares of duluth holdings are up sharply they reported better than expected second quarter results. they saw net sales rise by more than 30% it's up 9.6% dave & buster's stock is falling. the sports bar and arcade chain second quarter revenue missed forecasts the company is trimming its full-year earnings and same-store sales outlook it's down 6% toshiba shares rising more than 4% today in japan reuters reports that western digital has agreed to drop out of a group bidding for the flash memory chip business to take a stronger position in the joint venture.

toshiba's board is meeting today to discuss the deal. the share is up nearly 5%. hudson's bay reporting a wider than expected second quarter loss the department store sales rose slightly above forecasts new stores and a favorable foreign exchange rate offset fewer shoppers and more sales promotions the company's saks fifth avenue brand had the best same-store sales increase in two years. coupa software reported a narrower second quarter loss where revenue beat forecasts the enterprise software mraeker expects third quarter revenue to rise 25% in an extended hours trading it's up 7.5% venus williams moved into the u.s. open semifinals for the first time in seven years. williams rallied to beat petra cavatova in seven sets last night. she is the oldest women's semifinalist since martina navratilova in 1994. next up for venus is sloan

stevens, which guarantees at least one u.s. player will compete for the u.s. open title. good luck to both of them. >> amazing, but also amazing at 37 you're considered the oldest at anything. even in sports >> yeah. but sports is not amazing. it's just the way things are >> changing it venus williams changing that. is steve jobs behind the election of president trump? a provocative op-ed coming up st stay tuned - researchers of technologies that one day, you will. some call them the best of the best. some call them veterans. we call them our team.

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welcome back to "worldwide exchange." time for our must-read stories mine is from the "washington post." steve jobs gave the u.s. presidency to donald trump it's written by david vondrel. the author says one thing is clear, after the election the first american election truly dominated by mobile communications and social networking it sparks, the future is cloudy for the likes of mitch mcconnell. the power of traditional party leaders comes from making connections there that are othee

extremely difficult. the party mediates the most important connection of all between the candidate and voters we saw last year the power of the smartphone is vaporizing these functions. another level of analysis about the way in which the nature of politics is changing that whole traditional way of having huge power in the senate leadership and the house leadership to control the troops beneath them is another little aspect which doesn't really exist. >> it's another reason why the analysts got it so long ahead of the election when they were talking about the strength of hillary clinton's ground game. it doesn't matter if donald trump can make that one-on-one connection with people you don't need a ground game. my pick is in the "wall street journal" titled trump's looming trade crack up. combined with his drawl from the transpacific partnership, the president's attack on t

the korean fta signals america's unreliability as an economic partner. asian countries will inevitably question whether america's economic retreat is consistent with u.s. security commitments across the pacific no one will understand why mr. trump would fracture ties with seoul, and provoke public hostility in s at the moment whennorth korea's threats necessitate title tight cooperation and trust to thwart pong youyongyan pyongyang. congress' not acting on things leads to executive privilege >> perhaps he's wrong to talk bullishly about it and tweeting so lease loosely about it, but y losing trait for some time would be a better outcome than nuclear

missiles being fired it's got to be on the table. it's a question of whether it's been delivered in a coherent manner much more to tell you about for various entrepreneurs, switching focus altogether we have a special event on facebook, an ask me anything with beauty industry icon and author bobbi brown that's at 4:30 p.m facebook.com/groups/iconic entrepreneurs. coming up, coming off big down day with stocks posting their worst performance since august and financials with a big drag maeta rk expert will weigh in next stay tuned, "worldwide exchange" will be right back hi. hi. you guys going to the company picnic this weekend? picnics are delightful. oh, wish we could. but we're stuck here catching up on claims. but we just compared historical claims to coverages.

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234 points led lower by financials today it's up by 20 points oil prices were up about 3% yesterday. they continue to gain today, but in a more muted fashion. 48.8 for wti ten-year treasury note painted a picture as did equities of risk-off trading yesterday the yield fell to 2.06%. this morning with us now, david lyon from jpmorgan good morning to you. thanks for joining us. in terms of this risk-off move yesterday, do you put that mainly down to north korea and if you do, does that create a buying opportunity >> absolutely. i think the news over the weekend definitely caused people as they got back into their seats and returned from summer break to take a pause and start to worry about some geopolitical risks that have been with us absolutely purely geopolitical driven, and news headlines

across the board >> do you see north korea and maybe other geopolitical risks, the current one being north korea, as a binary issue if we don't get to that cataclysmic thing of missiles being fired, any day is a day to buy the market >> absolutely. geopolitical risks are knee-jerk reactions and short-term opportunities to step in typically after a few weeks, a few months, the markets revert back to fundamentals we see the volatility as an o opportunity to step in and reposition >> the ecb meets tomorrow to discuss how to move out of this ultra loose monetary policy. what happens europe as they go down the path that the fed is gauging right now? >> i think they'll slowly start to try to move and normalize, but at the same point things are

still fragile there. they absolute i will have to go slowly and i think the liquidity will still be available and open so we see the opportunity in europe as very attractive like it was three, four years ago in the united states. valuations are much lower. they'll go slowly and it creates opportunity. >> let's talk about the u.s. dollar the way it's traded this year has kind of altered over the course of the summer is it really now a risk related trade if we see days of north korean news? it seems to trade down as if it's no longer a safe haven. >> i think there's so much uncertainty around the central bank policies, and who is tightening, where liquidity will come from. it has dislocated, that's an opportunity where people have to be cautious. we do see the dollar continuing to slowly strengthen again towards the end of the year. >> david, let's talk a bit about a warning from one of the fed

officials yesterday about lackluster inflation and what that does, especially in the financial sector where we're seeing it dragging down the overall equity markets do you see any chance that that effects global growth? >> you know, global growth is improving and is quite strong. as confidence continues to build across the world, a lot of spending around consumers and ceos starting to continue to hire as well as cap exspending so from that standpoint we're very comfortable with what's going on there when we take a back drop and look at the world with kind of the risk on and opportunities, 12, 1 month 18 months outlooks d >> your picks? >> we like technology, evaluations are high, but growth numbers are good coming out of earnings season.

energy with oil improving as you mentioned earlier in the call looks good we think 55, $60 the next 12, 18 months looks attractive and financials if we get steepening to the yield curve, the sector looks like it will continue to improve. >> david, thank you very much for joining us david lyon from jpmorgan. approaching the top of the hour, that means "squawk box" is getting ready to kick things off at 6:00 a.m. andrew joins us with a preview we have a big show a lot of sober minds trying to make sense of what's going on in geopolitical news, also in washington, what it all means. george mitchell will join us we'll talk to him about north korea and the politics of the moment our dpes hoguest host of the day bocity steve forbes will join us, i think we know his view on tacks, but perhaps a piece you don't. the ceo of semantic coming up and the ceo of chubb coming up

talking about hurricane harvey and this new hurricane >> i supposed the reaction to president trump's daca decision yesterday is leading to almost as much speaking out from corporate leaders as we got after charlottesville. >> very much so on the ceo front. the question is does that spill over into the market or spill over in terms of the politics and policy that comes next we will have that conversation by the way with george mitchell who i believe thinks this may gum up the works even more for some other big policy things that we've been talking about. >> andrew, great stuff "squawk box" in five minutes time before we leave you here on "worldwide exchange," let's have a quick look back in on markets and what they're doing there are the u.s. futures pointing higher. we slipped a bit about 40 points higher an hour or so ago. the dow down 25 points, 26 points, it comes off a day of significant declines yesterday,

just down a percent. the nasdaq and s&p were down less than that we finished off the days lows, financials took a big drag down. 3% t ten-ye yooe-year treasury note. yields pushed lower, 2.06% was the low of the day yesterday just above that, 2.07% that move lower in yields a big reason why banks and insurance companies made financials the worst performing sector, down 3% energy markets there, higher by 0.4% less than yesterday where we were up 3% >> we'll have to look, too about what this new hurricane does and whether it heads to the gulf and some of those refineries that already got hit so hard by harvey are at risk again >> texas not quite as much in the eye of the storm this time, more likely to be florida that's the first landfall for the u.s. later this week. currently the caribbean islands being hit hard we think of all the people there. hope they stay safe.

"squawk box" will have all the market coverage and irma coverage coming up tououhrght the next three hours that's it for "worldwide exchange." have a lovely day.ell? but the super absorbent core turns liquid to gel. for incredible protection... ...that's surprisingly thin. so it's out of sight... ...and out of mind. always discreet. for bladder leaks. also in liners.

market alert, u.s. stocks looking to stage a comeback after the dow suffered the worst day since mid-august isn't it early september all right. it's a big loss. developing story, the most powerful atlantic hurricane in recorded history makes landfall. we're tracking irma's path. and caught red handed, red sox handed i guess the boston red sox busted for using apple watches to steal signals. it's wednesday, september 6, 2017 "squawk box" begins right now.

♪ >> live from new york where business never sleeps, this is "squawk box. good morning welcome to "squawk box" here on cnbc we're live at the nasdaq market site in times square, i'm andrew ross sorkin along with joe kernen and michelle caruso-cabrera is hanging out with us today. look at u.s. equity futures at this hour. they are in the green after what was a down day yesterday we'll talk about that more in just a moment. dow looking like it would open up about 30 points higher. 31 points higher s&p up a little more than 3 points nasdaq looking to open 16 1/2 points higher. let's show you what's going on overnight in asia. red arrows on the nikkei and hang seng. shanghai composite up marginally in europe, a different picture let's show you wha