new quarter, new plan. what will the markets do now coming off one of the worst quarters in years. we've got your playbook. firing back. china slapping a new round of tariffs on america we are live in beijing with more and no joke, what elon musk tweeted that has got a lot of tesla investors calling him a fool it is monday, april 2nd. and a snowy "worldwide exchange" begins right now ♪ good morning, and welcome from wherever in the world that you

may be watching. i am brian sullivan. thanks for joining us on this monday here are the five big things that you need to know right now. china striking back launching new tariffs on more than 120 american-made products ranging from pork to wine to fruit stocks shrugging it off. about 26 right now do note that most of europe is closed for east every, so things certainly could change rapidly as the morning rolls on. another big data breach the parent company of retailer saks and taylor saying data was stolen tesla, saying the model x was in autopilot mode at the time of the crash and the driver seemed to ignore the car's other than warnings. and it was ready player one, taking the box office this week. taking in more than $50 million in its debut we'll have more on that right now, let's get more to your stop

tore and that is china hitting america with more than 100 products with tariffs. eunice yoon with more in beijing. eunice >> thanks so much, brian china is going to be imposing tariffs on a wide range of products these products were announced over a week ago but it does say that china is making good to fight back on president trump's tariffs on aluminum. 15% tariff on fresh fruit, dried fruit, wine, nuts, sales steel products 25% tariff on american pork, as well as aluminum scrap this is going to affect about $3 billion worth of american goods. over the weekend, the chinese ministry said that the previously announce tard riffs were going to be implemented as of today and the commerce ministry said that these tariffs were meant to balance the loss from u.s. action what was interesting, also, is that the commerce ministry

suggested that the tariffs were not meant to escalate the conflict this is what the commerce ministry said. they said that we hope that the united states will withdraw the measures that violate the rules of the wto as soon as possible, so that the trade of related products between china and the united states will return to the normal track now, the tariffs impacted pork stocks in particular, in greater china. wh group which is the company that owns smithfield foods in the united states got hit badly. down by 8% in hong hong the other economies that are on the list there, those are all local producers in china that sell -- that produce here and sell to the chinese. and they're all seen as benefitting from these tariffs out of china now, the trade war was also a top-training topic in china. there are a lot of people here who have been concerned, especially consumers, concerned

they won't be able to get american fruits, as well assalmoassa assal -- alsoalmonds for example. saying that they shouldn't be concerned even though american products especially the fruits high in quality there are other alternatives like countries such as new zealand, as well as australia. brian in that. >> yeah, it's interesting, too from a wine perspective, you'd want to watch constellation brands ste on the sticker a huge brand in the world smithfield food which is america's largest pork producer although based in virginia owned a chinese corporation. so it appears that this move, as evidenced by the stock market reaction in hong kong is damaging a chinese company >> yeah, that's right. at least that's the read from a lot of local investors here as well

people are saying this is a company that produces a lot in the united states but then imports it into china. so, they're going to be hit more than, say, some local producers, such as others on the list >> eunice yoon in beijing. i'm sure we'll be seeing you all day long, eunice, it's a big story. all right. let's get more reaction to this and how things are playing out coming off one of the worst quarters in years, joining, chief strategist at asset management patrick, a lot to discuss. first off, though, as a fund manager, as a weld aalth advise your reaction to the tariffs? >> i take it very seriously. it's important to note this is china's response just to the steel and aluminum tariffs not the forthcoming response that we might expect from the further tariffs targeted at china, aimed at punishing them for intellectual property tax. so, there's probably going to be

another round if things don't get resolved it's important to realize, though, while these are actual sanctions that could end up hurting businesses, they're also signals, they're signals being sent between the two countries and what actually happens may be different than what the headlines read right now we saw that with the steel and aluminum tariffs the headlines that were they would be applied against all of these countries that there would be no exceptions that would have caused an inflationary price shock and quietly, we actually saw more than half of u.s. steel im30r9s exempted from the tariffs. so the impact would be a deal the difference between what actually ends up happening and the signals sent let's be clear, $3 billion worth of products is a minute us in

cool amount. you referenced those other intellectual property battles that we are talking about. do you worry that could be a second leg ever this, which might have more of a market impact >> i think what people are worried about is that this is just the tip of the iceberg. you know, when president trump signed the tariffs aimed at china over the intellectual property rights, he said this is the beginning, not the end there's more where this came from and he also, of course, tweeted that trade wars are good and easily bon so, it's more the thrust of u.s. policy and whether he's going to go further down this path that has people concerned, not the particular tariff, the steel and aluminum tariff in china's immediate response to that it's really, is this the beginning of a process of unraveling >> well, do you think it is? >> i think is could be

but as i said before, i think these are signals being sent and it's important kind of take it a step at the time and not get too far ahead of the story >> how about this, patrick do we sell stocks, what's the reaction what do we do? >> so, this has changed my economic outlook for the negative, but in the short term. we tend to invest over a three to four-year time period and it doesn't really change our view of what equity returns will be like over that period it could bring you into the cycle forward. if things really go down that path that i described. but i don't think it really changes the outlook for equities over that long period of time. and i also don't think it changes the economic data that we're seeing, within the united states, which is relatively positive so that has to be weighed against it as well we're not going into sell, put all of your money in cash mode

it's one factor which weighs in a broader equation >> and the broader equation is still a strong u.s. economic backdrop but watch the headline risk of this ramping up battle is that a fair summation, patrick? >> that's correct. a lot of the market volatility that we've seen, you know, we've got to keep it in perspective. we've had two extremely placid years. we've had two corrections and usually corrections happen once a year so the kind of market moving that we're see is not unusual. >> hey, by the way, april april, enjoy the snow merry christmas, patrick >> all right we are only partly kidding, folks. in other economic news, you're go fing to find out how manufacturers did at 10:00 a.m we get the late on construction

spending both tend to have muted market impacts. tonight, you get mini police fed president n.eeel kashkari. the more corporate story, tesla, it says the fatal crash last month was in autopilot mode in ablog post on friday, tesla said the driver, who was killed did not have his hands on the we'll for six seconds before the crash. more on tesla in a moment. alibaba is buyed the rest of the ele.me which translates into hungry roughly in chinese. >> to be sheeba awaits the $20 billion deal the company is selling the unit to a consortium led by bain capital which is also backed by

apple and dell we're just getting started on deck, what could be a massive deal on health care. why walmart might be interested in bauying an insurer what it could mean for your medical insurance. and no laughing matter another tesla story you won't believe. what elon musk did this weekend that many is saying is downright dumb more on that as "worldwide exchange" rolls on but i'm not standing still... and with godaddy, i've made my ideas real. ♪ i made my own way, now it's time to make yours. ♪ everything is working, just like it should ♪ yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks,

$0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online.

you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party.

coast. you're looking at a live shot of times square you can't tell it from the camera, it's snowing really hard here in the northeast. by the way, i want to be the first to welcome everybody to winter only a couple shops days left until christmas. happy new year i've beak sarcastic. man, spring has to spring at some point let's get a check of futures market we are seeing the dow down 17 points keep in mind two things a, it's really, really early and b, most of europe and asia is closed due to easter, so, we may see big futures as more people roll in some stocks that should be on your raider, first energeticer said that coal-powered have fired for bankruptcy last week they urged the u.s. government to use emergency powers to help keep several plants ohm. comcast, you've heard of them, barrons coming out over the weekend saying the stock is

downright cheap. the president saying comcast is undervalued by as much as $100 billion. keep in mind, they have the highest on the market, barron adds if you own comcast you're effectively getting nbcuniversal for free you're getting me for free netflix is reportedly in advanced talk to buy europacorp. the studio blame they had floppflop ed vilarium last year. walmart reportedly in talks with humana. bertha coombs live at the nasdaq >> walmart and humana have had a long-standing relationship but now the retailer is reportedly in early talks to expand that

relationship with the health insurer which could potentially be an acquisition of right now, health and wealthness make up about 11% of walmart's revenues. because they have a pharmacy a deeper relationship would make sense in shifting the landscape. cvs' acquisition of aetna under review by the doj aims to look at cutting costs and medical benefits combined with primary care in in-stoor clinics if you take a look at how they might match up head to head, walmart and humana, walmart with 4700 stores, a lot of rural areas, they already have a pharmacy they have some health clinics, about 19 of them right now that are their own and a few urgent care run by other providers.

humana, 21 million members, 8.5 million of those are medicare members that use a lot of prescriptions in general care that to cvs/aetna, 10 billion stores 1100 minute clinic, 90 million benefits members much big than humana's and again, something that potentially walmart could leverage and about the same amount of members overall. a lot of this is about taking out the cost in the supply chain, brian but it wouldn't be cheap for walmart. huma humana's market cap is nearly $40 billion. you tack on the premium there that would certainly be a very big deal humana's shares rose a bit on the use when it broke this weekend when "the wall street journal" reported it

certainly, bayer is watching it. and as people try to figure out that more consumer-oriented health care. >> pick up flu shots with froot loops. >> and your very expensive medications as well. >> berthbertha, you have a long ahead of you let's bring in cnbc's meg tirrell. listen there's cvs, aetna, knew you're more on the pharmaceutical side. these are places that negotiate prices with pharma, with high-tech. how fast is this industry seeming to evolve? >> there make your head deal when you look at the deals that bertha just explained. and all of these things, in the drug supply chain are changing one of the things we focused on

recently has been the amazon effect in health care and just of the specter of a giant health care company forcing these dealing to come together what impact it has on how much we pay on our health care is another question >> it's a good question. put out over the weekend a poll on twitter saying if walmart buys -- it's a big f, if they buy them, would it "a," help, "b," hurt health care or "c" have no impact at all. it's unbelievable, about 33% split on all three that sums up the health care it's not clear which direction the health care costs are going. one thing we dough health care costs are going up things are not getting less expensive in terms what we've spent here in the united states. when you think about drug costs, scott gottlieb was talking about

the monopolization of the drug costs. so, when you think about all of the consolidation happening, can this actually result in less costs in the system? it's hard to imagine that. >> yeah. not a lot of action on the pbms yet, the pharmacy benefit managers, that could be the next shoe perhaps >> well, express cuts is already in a potential tieup with an insurer and cvs. >> on the retailer perspective i wonder >> what do you mean? >> like a retailer like walmart or amazon might be going after a pbm to shake things up >> that could be interesting human na has one, bertha mentioned. >> a quick tease in the next hour you have a story about i giant alligator in a pool. can you give us a hint this sounds grim does it turn out well?

>> i hope so >> meg terrell, we'll see new a bit. and president trump and amazon and the president is reeng to end nafta we're live in washington with details on both. stick around

♪ ♪ excuse me, are you aware of what's happening right now? we're facing 20 billion security events every day. ddos campaigns, ransomware, malware attacks... actually, we just handled all the priority threats. you did that? we did that. really. we analyzed millions of articles and reports. we can identify threats 50% faster. you can do that? we can do that. then do that. ♪ ♪ can we do that? we can do that.

a live look there at the capitol. thanks for joining us here body two big money stories to watch out of washington today. physical, the president taking new aim at amazon.com and at the same time threatening to pull the plug on nafta. nbc's tracie potts is live in washington with more on both tracie >> hey, good morning if you want to know what he was thinking you caught to catch up with him on twitter. he was pretty busy on twitter this weekend talking about the daca deal which he thinks will not happen at all and nafta which he said he's ready to pull out of if mexico can't get a handle on immigration. >> reporter: no more daca deal president trump declares on twitter. >> mexico has got to help us at the border they go right through mexico into the united states can't happen that way anymore. >> reporter: and then a threat, they must straup the big drug and people flows or i will stop their cash cow nafta, with

mexico and canada. need wall. supporters blame democrats >> they're very skilled at the issue, not very good at solving it >> reporter: democrats say it's not their fault the deal to protect young immigrants is in wlim bo limbo. that from a spokesman for house speaker nancy pelosi >> we're not going to stop fighting for immigration justice, no matter what trump has to say >> reporter: meantime, the va secretary president trump fired is speaking out. >> this was somewhat of a surprise >> you believe you were at the president's conference >> caller: yes, absolutely david shull kinl said that was his impression on the phone with president trump just hours before he was fired on twitter and shulkin insists he did not resign and denies any ethics violations and that the trip to europe with his wife was reapprove. >> tracie, thank you very much let's get a check on what's

happening outside the world of business and politics, nbc's phillip mena has more. >> brian, good morning california authorities now say that an suv crash that killed a family of eight may have been intentional. it appears that the vehicle came to a full stop before speeding off a live of up to 90 miles an hour police say there are no suicide notes and now searching family and bank records for clues more than 30,000 people could gather at the oklahoma capital as teachers in the state get set to walk out of the classrooms for protests for better wages and benefits. according to the national education so, oklahoma teachers are some of thele lowest paid in the nation and steven spielberg's "ready player 1" was number one at the box office in its debut weekend. the film based on a 2011 novel about gaming took in $41 million. brian, back to you >> i saw the movie i read the book. i read the book, i saw the

movie, the movie is all right but had nothing to do with the book except for the character names. still ahead, more zee ills on the tesla model plus, why elon musk is taking serious heat for an april fool prank that many call downright dumb and meg is going to bring in this story, a giant article gator, a swimming pool and where else but florida, footage coming up we never forget... that your business is our business the united states postal service. priority: you

is it time to spring clean your stock portfolio coming up some big money investment advice as we kick offer the second quarter and what exactly was he thinking why tesla ceo elon musk is taking some heat for an april fools joke john wrong. if you missed it, a dramatic buzzer deet at the ncaa women's basketball final you got to see it to believe it. we have it, it's monday, april 2nd, "worldwide exchange" kicking off right now. ♪ and congratulations to the fighting irish because they are champions. we'll show you that dramatic shot i'm brian sullivan happy monday morning or wherever in the world you might be watching hope you're having a great day here's a look at your money and investments coming off the worst first quarter in a number of years for the marketing.

we're indicating slightly lower. keep in mind, futures thinly traded at this hour. but most of asia and europe closed because of the easter holiday. the bond market, kind of a similar story here, not a big move in yields watch that ten-year note, 2.7-ish. let's get more on the top story and that is china saying it's imposing tariffs on more than 128 american-made products let's bring in tim seamour, cnbc fast money trader joining us very smartly by the way, from florida. >> thank you >> tim, it's snowing really heavily outside. this is not ideal. okay, you're the global expert here 128 tariffs. 3 billion. pretty small number from a macro markets perspective, are you worried about the move, or do you think it's mostly symbolic >> no, this is what we expected. and if you're a pork farmer,

this is a big deal, although i think within reason. it's the third largest export market for pork in this country. it's obviously significant on the tit for tat dynamic. it's interesting this all happened when china released a very strong pmi number so manufacturing still ticking all around the world the expectation that this is going to slow down global trade, no, it's not the dynamics by the global economy, especially those driven by asia right now are very strong these are the numbers that have been roiling markets over the past 2 1/2 months. >> do you think china's reaction is muted, tim? really, the tariffs that we imposed china is about an 11% importer of steel and aluminum they felt like they had to react. $3 billion a drop in the bucket are you satisfied that will keep the markets relatively calm as they appear right now?

>> well, taking it in isolation or a vacuum, this is not that big of a deal. if you think about the teeth that have been attached to a lot of tariff announcements on the u.s. side there have been caveat this, caveat that, we all want to believe there are rational players behind the scenes. china has to do something here there's no question about that and in fact, i think this is response -- it's reasonable. >> yeah. from a political space president xi of china had to do something internally okay let's move on macrowise here >> okay. >> one of the worst quarters in years, for the market. okay, it was a bad quarter april tends to be pretty good. >> we were due >> yeah, we were due so, does that worry you from a larger perspective that thinking, that optimism we've had has changed at all >> well, look. i kind of felt we needed to tone down the optimism, all right i felt that after a euphoric

blowoff top in january, markets were at a pretty scary place by the way, we haven't really focused on the fed in lat of the couple weeks we got powell speaking friday. and we got a big payroll number which there could be wage inflation. the dynamics that have given markets some pause for concern i think are real i don't think they changeover night. i think the geopolitics are only part of this so, i think in terms of where market sentiment is, market positioning is right now i think it's much more evenly bald everyone is waiting for the next catalyst it may be earnings season. it may be something is that fades. the fed still very much in the early days >> what is the biggest concern right now? is it the u.s. fed is it earning season is it geopolitics? is it something else

>> i think if anything, it is the fed. i think we're getting in a place in terms of employment in this country, you read every fed and manufacturing survey they talk about labor shortages. and they talk about insufficient trained labor. and the ability to carry out a number of projects so, i think interest rate fears are going to be the largest dynamic. i think the earning season that we have coming up is going to be quite impressive i think the market is focused more on lower multiple stocks will continue. i think the story stocks are the ones that are going to continue to have a little bit of trouble. i think high multiple right now in this environment is difficult. and i think that makes sense when you look at rich reward and dynamics trading in stocks to outperform for the nine quarters before this, this last one, when we sold off. i think we have to get back to companies like the banks like the airlines. like the fedex some of the transport stocks that have multiplesare geared towards this economy which is

clicking nicely. >> i know it's a bit wonky, i know it's early here on the east coast of the united states, why is watching the german bond market maybe the key to everything now >> listen to you i think the ten-year bond which trade all the way back into 50 basis points is something that we need to watch i think long-term rates in europe are ultimately going to be pushing around our long-term rates. i don't know when mario drag ga. and his ladies and fellows keep moving that. but when we see rates move higher here, they're going to move higher here >> tim seamour, watch out for alligators >> i've been there, i know how to handle myself, thank you for the warning. >> thank you also happening, new details

about la month's deadly crash involving a tesla model x. nbc's phil lebeau joining us we'll talk about that probe by the ntsb and what tesla had to say. the story about tesla, moving and awaiting the first quarter production number. tesla reports these the first couple of days after each quarter. thought it might have happened yesterday, did not here's what we're looking in terms of q1 production, when you look at q1 production, ultimately, this is what's driving the stock. guidance, 2500 per week, by the end of march now, that doesn't mean they have to make 2500 in that last week, but they have to have the production rate up to level to say, yeah, we met guidance most do not expect that to happen the other question is do they change their guidance for q2 which is 5,000 per week by the end of the second quarter?

>> let's talk about the probe by the national safety board, this involved a model x crash a fatal accident in mountainview where the driver ran straight into a barricade the driver was warned before the accident that the autopilot system was engaged the system was telling the driver to get engaged with the vehicle. take control of the steering wheel. tesla announcing that on friday night. also defending its record for the autopilot. remember, brian, these investigations, they typically take 12 to 18 months and if you look back and remember that there was the fatal accident in florida, that was the first real focus on autopilot at the time. and a lot of people would say, oh, boy, look at all of the problems with autopilot. autopilot is the issue here. this is really going to change things for tesla ultimately, the ntsb said that the system functioned as it was supposed to be functioning and that this was a case where the driver was overreliant on the system

and we don't know if that's the case here. >> phil, to jump in, i was a bit confused that i read the story, on one hand i could see people pointing the finger to tesla, seeing autopilot failed. >> right >> but it looks like tesla was saying wait a minute, it warned the driver, it should have put his hands on the wheel >> that's what tesla says. brian, if you go back through theses ntsb investigations the reason they take 12 to 18 months, because they not only look at the data with the vehicle but they look at other circumstances as well. if you go back to that florida accident the fatal accident in 2016 in florida, remember, right afterwards, everybody said, the autopilot has failed this is the problem with it. ultimately, the ntsb said that really is not what we found when we did the full investigation in terms of how the system functions. what tesla is saying here, look, it issued warnings and the driver did not engage the system

here ultimately, did that mean that autopilot caused the accident in california we don't know, we won't know for some time. or does it mean that the driver should have been more engaged? at this point, tesla is saying the system was issuing warnings. >> phil, i want to shift gears on tesla obviously, that's a serious story. over the weekend, obviously april fools' day, elon musk a super smart guy, dumb tweet, joking about the company filing for bankruptcy any response from tesla on this? that's not funny >> no, i think tesla takes it as this is what elon musk does. well, if you follow elon musk or if you are a fan of him or you really, you know, actively see what he does on a regular basis, i wasn't surprised when i saw this tweet earlier in the day he said big news coming in a little bit. of course that got a lot of alarms going people thinking, oh, this is it. this is when we get the q1

production numbers this is what we want to see. and then when he came out with the april fools' tweet, i was not surprised. you have to understand what elon musk is all about. this is his sense of humor you might not like it but that's the way he operates. >> sometimes, jokes fail we all know that, especially me. thank you. the big fun stories you need to know including a dramatic buzzer beat to win the women's ncaa speaking of basketball there's a lot of money on the line for the men, how much, eric chemi knows. >> that's right, brian billions of dollars at stake in this ncaa tournament curiously, if you win tonight's game, there's no extra money in it for you in the pool we'll talk about that, "worldwide exchange" coming up and improves memory.

- dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life.

it's 5:44 p.m. in hong kong. you're looking at a live look at the hong kong harbor good morning, good evening, good afternoon. thanks for joining us on "worldwide exchange. i'm brian sulsullivan. i hope you had a great east other passover most of europe is closed time for top trending stories. who else but meg tirrell back with those >> top trending on twitter right

now is jesus christ superstar. the production was a hybrid of a traditional stage show and a rock concert sara bareilles and alice cooper and john legend who played the title roll and the chinese space station crashed harmless into the ocean. the space station stayed in orbit until it finally re-entered the earth's atmosphere the pieces of space station that didn't burn up on re-entry fell into the pacific check this out, the 11-foot alligator from a reasonable swimming pool over the weekend, the sheriff's office tweeted never a dull moment and only in florida. brian. >> you had a great question at the commercial break last time, meg. you said what does it do for an

alligator? >> something to work on i guess. >> yikes, skin care for al ga t alligat alligator. a dramatic finish to the women's ncaa final last night. notre dame tossing up a rainbow three-pointer and it went in and they won the game. this is the second straight game that the irish pulled out at the buzzer beater. 17 years to the day after their first title. wow. for more on basketball and money, let's bring in eric chemi because we've got the men's final tonight. villanova the biggest favorite in eight years. >> 6 1/2 point favorite over michigan >> they made kansas look like a 12 seed. i'm sorry to offend any out there. >> what's interesting about villanova, they play the style of basketball similar to some of the best nba teams a lot of three-point shooting. a lot of very accurate

three-point shooting that's what you get out of villanova, expect that tonight >> what about the money line if you bet you don't debt any more money >> this is what's interesting. the most implicacombli complicae tournament for every team that wins you get a unit >> so xavier, every round they won the big east would get x number of years? >> the conference school wins -- the whole conference >> even the worst team in the conference >> rutgers will always get money from this big ten appearances even though rutgers has not made the appearance >> they never will, by the way >> that's why a lot of small schools that are not good conferences they end up switching. but what happens is you don't get money if you make it to the championship game and you don't get extra money for winning. it stops once you reach the

final four >> but you just answered a question, thankfully that i've had for years why do certain teams move >> like butler >> it a bad team would love a creighton and a butler >> right >> because they're getting money as well if every time the blue jays win >> exactly >> did you know that >> i did not know that >> i love it when you start a story at 5:45 -- >> it's 5:45 p.m. in hong kong >> it's true, eric, but we're not there. >> it's $1.7 million over the course of six year, each unit. think about loyola chicago, their making it to the final four, that was $8.5 million over six years. >> i thought they had that game. first hall, they looked unstoppable. i think michigan's depth got to

them >> and noah is going to be playing tonight. >> don't text me, i'll about sleep when the time starts i'll find out from the highlights maybe from you. >> maybe a buzzer beater like this one >> let's hope. villanova looks unstoppable. on deck, we're kicking off the second quarter and breaking down where you should put your money after one of the worst quarters for the market in years. plus, your morning rbi we're having fun with the most random and maybe interesting thing you'll hear all day. and it has to do with the stock market but first, here to break down your national weather forecast is nbc's bill karins good monday morning to you, brian. i can't believe it we're tracking not just one snow, but two snow events across the country. the first one, high-impact event right through the new york city and philadelphia area.

during the heart of rush hour. the pennsylvania turnpike is not going to bea fun drive winter weather advisories, philadelphia to new york city, to hartford to rhode island and massachusetts. again, the most impacts are the morning commute. by this afternoon, it's gone temperatures in the 40s. the roads are fine it's just during the early morning here we'll see the problems the worst driving on 80 or 78. and also that snow, a 38 tonight, montana and you should about another four to six inches possible for minneapolis through wisconsin as we go throughout the night tonight. so, obviously, a lot of active srt where weather for theta of this april. that's your business forecast. more "worldwide exchange" when we come back it kills weeds, prevents crabgrass and feeds so grass can thrive, guaranteed. our backyard is back. this is a scotts yard. my mom washes the dishes... ...before she puts them in the dishwasher. so what does the dishwasher do?

new cascade platinum lets your dishwasher be the dish washer. three cleaning agents dissolve, lift and rinse away food the first time. new cascade platinum.

racing isn't the only thing on my mind. and with godaddy, i'm making my ideas real. when i created my businesses, i needed a way to showcase it. ♪ with godaddy you can get a website to sell online. and it will look good. i made my own way. now it's time to make yours. get started at godaddy.com ♪ everything is working, working just like it should ♪ all right. welcome back to "worldwide exchange." right now, your markets are indicating a slightly slight, very slight drop of the open you saw the headlines over the weekend. china proposing tariffs.

keep in mind, a lot of those tariffs on smaller agricultural products it's 3 billion not nothing as they say, but in the greater scheme of imports, small number do keep in mind the european markets, most of them still closed for the easter holiday. so, we could see movement in the futures as the morning moves on here in the united states. joining using, chief global strategi strategist, are you thinking that it was small enough that they're saying not a big deal? >> i it's chiengese reaction was very measured. and it was measured in a way that indicated to the trump administration that they wanted to negotiate and i think the market breathed a big sigh of relief last week as a result. >> and your client, i would imagine have been asking a lot about geopolitical risk. what have you told them? all the stuff that we're hearing from the white house politically especially with trade and

tariffs. what state streets view on how those may ultimately impact the markets, if at all >> it seems like this is "white house apprentice." the trurp administration is playing this as if it's at game show "the apprentice." and to me, it's just a very clever strategy. a strategy that trump's used quite a bit over the years where it's a hushed tick until a soft negotiation to where he gets what he wants it seems as though that's the strategy that's in place and the markets have been getting used to it what we've been telling clients, stay the course. the economic data continues to be solid earnings tend to be strong fiscal policy is supportive. so, this environment is particularly attractive for stocks >> so, if your client calls up and says, hey, mike, i'm really worried about a trade war. i'm really worried about the continued escalation, especially on the financial side between

countries. i'm going to sell u.s. stocks, what would you answer them >> i would say, i think you need to stay the course in terms of being overweight in equities right now particularly in the u.s. i think you're going to have a very solid earnings quarter that takes place in a couple weeks. so, for example, s&p 500 earnings are likely to grow more than is 17% in this most recent quarter, on revenues of more than 7%. with things like technique north leading the way. i think that would be kind of a costly mistake to sell this market right now >> i guess, connect the dots, michael. i get your point on earnings growth that sounds good, but then why did we come off such a lousy first quarter. if earnings are good, why is the market rewarding that? >> i think what happened in the first quarter, for the first time in a while, you have fears about rising interest rates, rising inflation expectations. what that would do to monetary policy the fed was fearful that would

tighten monetary policy. and certainly, the trade war discussion didn't help lastly, most recently, with kind of the concerns about the increased regulatory situation with tech stocks i think that unnerved the market. i think behind all that noise, brian, you have a solid fundamental for stocks to move higher >> michael aronne, thanks. appreciate your time as always, gottime for thi morning's rbi. your random but interesting stat of the day get this, if worried about stocks this may comfort you, the s&p has risen in 57 of the last 95 aprils. believe it or not, that makes april the second best month in the years. the average gain for april, 1.3

br 1.3% april tends to be "a," the best month. and maybe a little optimism to start your second quarter. we'll see you tomorrow "squawk box" is next you know what's awesome? gig-speed internet.

you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party.

good morning, get your portfolio ready for the new quarter. we've got expert advice what to be doing with your money, as we kick off q2 and predictions. firing back. china slapping a new round of tariffs, we're live from beijing with details plus, a new data breach affecting consumers. we'll at the time you which stories are latest to get hit. it's monday, april 2nd, "squawk box" begins right now. ♪ live from new york where

business never sleeps this is "squawk box. good morning, everybody. welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with andrew ross sorkin joe is out today but sitting in for him we have "shark tank's" kevin o'leary >> great to be here. and joining us, guy adami, cnbc fast money trader guy, welcome >> in from the snowstorm >> i know. april 2nd, first trading day of the month. and, yeah, a snowstorm, right here in new york city. check things out with u.s. equity futures this hour and you might have expected some green arrows given the month we had last month dow futures down 9 points s&p off by 5 points. nasdaq down by about 40 points right now. as we start this new