good morning it's 5:00 a.m. on the east coast. here are the top five things you need to know about right now the dow pointing to a triple digit gain at the open after closing last week in correction territory. deutsche bank ceo john cry on is out. the german lender tapping the head of the retail bank for the job. sticking in germany, german exports fell 3.2% in february. that's the biggest drop in 2.5 years. novartis making a big bet on gene therapy acquiring avexis for $8.7 billion today facebook will notify users

f over whether their data was exposed by cambridge analytica it's monday, april 9th, 2018, and worldwide exchange begins right now. good morning and welcome to "worldwide exchange. i'm seema mody. >> a lot going on already as you come into a new week i'm mike santoli brian sullivan is on assignment. we'll hear from him later in the show let's get you a quick check on the markets. stock futures have been positive really for the entire overnight session trading at the highs of the overnight. the s&p 500 indicated to open up about 21 points. so somewhat less than a percent. basically would have recovered 1/3 of last week's

losses the market was down 1.4% the dow indicated to open up over 200 points. the nasdaq looking to get back 70 points of last week's losses. obviously it was a very wild ride to the 1.4% loss. the dow down even less lots of ups and downs. we end up at the lower end of this range take a look at the bond market, the yield on the ten year treasury has been pretty steady. there you go, it's been compressed under 2.8%. this morning the spread between the 10 year note yield and two year noeld yield has come down that has been relatively steady. >> it's a spec tore of a trade war that caught the attention of investors last week with heated rhetoric, washington and beijing. take a look at global markets. hang seng, shanghai composite

and the kospi closing in high territory. gains in asia and europe early trade you'll see that stooks are higher with the german dax leading the front up nearly 1%. >> taking a look at the broader markets starting with oil. it is recovering a little bit. you see it up by is 1/ here we have some more potential for turmoil in the middle east not seeming to have too dramatic an impact with the attacks in syria and things like that let's take a look at currencies. the dollar has been steady you see the dollar very little change against the euro.

gold not much doing there. there it is right in the middle. down slightly 1/3 of a percent at 13.32 >> in corporate news deutsche bank ceo john cryan is out he's being replaced by john sewing the big picture, it's been down. it's a very public ceo replacement. >> the promise of change >> exactly there is a fair amount of economic data on the calendar this week. tomorrow look for march ppi and

february wholesale trade wednesday, we'll get the consumer price index and the minutes from last week's if he had reporting. as for earnings we have bed bath & beyond and the earnings season kicks off in earnest more corporate news this morning, blackrock chief larry fink is keeping a close eye on china. let's get to leslie picker. >> it is a timely letter some investors might be nervous about a looming trade war. larry fink says china is a prime target fink will outline three main trends that in his words could,

quote, dramatically reshape the firm and the industry. one is opportunities in china. the other two are changes in the global retirement market and the increasingly powerful role of technology we have reached out to blackrock for a copy of the letter but buy have not heard back at this hour. >> it's interesting about whether this trade dispute impac impacts. you should look at financial services sector, not just black rock as you point out, leslie. modys and the s&p rely on the china business. >> if you look at the asset industry and the financial industry as a whole, it's one that's grappling with new industries china has been one of the few pockets that has seen in flows in recent years. so a lot of these organizations have been finding unique ways to

get into the chinese market to trade in local currency, to trade with chinese money it's been challenging to do so historically, but china has been opening that over recent years the question is whether it will be successful in earning the trust of the chinese people over there and managing the assets. >> so much of the discussion is what you have in goods it's one where the united states have a big advantage >> it's hard with the financials, right? still limited access given the rules participating in the chinese capital market >> exactly >> good story. thank you, leslie. and let's turn back to broader markets and the early move which we are higher in futures. we'll see if that holds. joining us to discuss more about

markets is chad warblinger the dow closed down 567 points we're higher today do you think earnings could trump all of this trade uncertainty out there? >> no. i think earnings are reflected in the early valuations. it's all about trade and it will all be about central banks, in particular the federal reserve going forward over the next several weeks. >> you say, chad, it's all about the federal reserve. do you mean 9 market wants too see the fed back away from this very steady as she goes message that perhaps it's going to be three or four rate hikes this year this happens as it stays in a corrective mode. wait a second, maybe the broader economy doesn't have that much momentum. >> well, i think the markets -- the federal reserve is keeping a

careful eye on volatility. in particular they're looking at bank stress and credit stress. until you start to see spreads widen out or bank stress start to occur, then we'll continue with the steady as she goes pace when it comes to the place, it's decelerating in its ways nonetheless it's not showing that a recession is becoming a higher probability hence the reason why we think they're going to continue to go that route. we're expecting volatility you'll see trade negotiations happen between d.c. and beijing. let's keep in mind that's the symptom. the problem is really the currency pay to u.s. dollar when it comes to beijing and the yuan and the dollar. >> you're still a buyer. you're saying volatility but

you're a buyer of equities apple, nike, boeing among others rely on china as a growth market tell me why investors could own those stokes especially as the trade talks escalate. >> so we like big, boring companies right now. we are moving up the value spectrum we are starting to over weight value over growth. a couple of names we like and sectors are the consumer staple side we like hormel, hershey, as well as mccormick spice company i know these are boring companies but we think that overall the consumer staple sector could do well as we start seeing an increase in money >> the index doesn't go very far from here.

>> michael, i totally agree with you. at this point in time we think that we're in a low return environment. we're looking at four to five percent total return within the s&p on an annual basis the next several years. the federal reserve is getting back to the normal way of increasing rates you're starting to see normal volatility coming back into the system i wouldn't be too alarmed by that overall we'll be modestly over rate risk at this point in time. >> chad, we'll leave the conversation there thank you. >> thank you your big individual stock stories right now include novartis starting there. the swiss drug maker is buying avexis for $8.7 billion. novartis will pay $218 billion fehr share in cash

they're developing a drug for spinal atrophy american airlines plans to buy 47 booeing 747 wide body jets they're going to cancel plans to buy from airbus. kinder morgan is going to scrap plans for a pipeline in canada but leaders in british columbia are going to block it. wells fargo has expanded a review in the auto parts and services they offer. "the wall street journal" reports wells is looking into potential sales of refunds and after market products. these include add-on costs including extended warranties.

you see wells fargo and the bounce up half a percent i.s.s. is recommending advisors vote against a stock grant it's worried about the cost and goldman's use of heavy stock based compensation barons is positive on alphabet they're not giving the company much on the growth alphabet shares look inexpensive and it worries that companies like facebook. >> you have to wonder if they say, listen, giving the higher possibility. >> earnings have to show >> exactly and they have to extend. still ahead on "worldwide exchange," we are going global how is europe reacting to the

brewing trade war between the u.s. and china live from london on the latest. facebook's big week. what i need to watch as mark zuckerberg heads to capitol hill we'll be right back. one second. barely enough time for this man to take a bite of turkey. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely encrypted main frame in the world.

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tightening is 2 pipe point 79%. two year note is 51 basis point. about half a percentage point spread that has been narrowing as the markets have been a little bit involved trade news, president trump says china will take down its trade barriers because in his words, quote, it's the right thing to do. the president tweeting those remarks over the weekend we're now getting fresh response from europe to this threat of a growing trade dispute. cnbc's steve sedgwick in london with more. steve? >> very good to see you both i've spent the weekend on the

shores, absolutely tough assignment i did speak to a couple of the senior vice presidents and to say they are confused whether ush europe will get dragged into the cross fire is an understatement >> there are real issues in world trade like dumping, like ipr and stuff like this. we have to address them but the way to do it is not -- the way president trump is threatening or black mailing, it's not the right way, especially to black mailing to friends and allies. that is the positive side on this hassle. very little implementation

>> so jyrke katainen is quite confused i asked him if it was an end to multi-laterallism. it looks like the president has hope for a multi-lateral approach he didn't think that was the case yet why are the europeans confused on one hand they understand where he's going they understand about the dumping on aluminum and steel. the problem is the europeans and mainly germany are a big surplus nation with the u.s. whilst the chinese have $375 billion surplus with the americans, the germans have $65 billion. so although the president wants some form of allegiance with e.u. and japan, does he want to put europe in the cross fires as well and go after the mix? that is the question for the e.u.

>> how convenient. the euro peents want to see this does europe have a seat at the table? >> well, i thiz it's very poor for them to understand the president wants its lies, getting on the back of them and saying we have the same problems as the u.s as i said to you before, the problem for the europeans is for many years, seema, i've been going to the g 7, g 8 meetings, it hasn't just been against china and japan, it's been about the e.u. remember back to the navorro comments very early on in the president's administration he said the germans have a low currency rate. we have 1.22 on the euro dollar. if this were deutsch mark, it

would be significant bely higher they feel it's boosting it >> that's a good point, steve. coming ahead of emmanuel macron and angela merkel both visiting washington in the coming month trade likely to be a topic of discussion steve, we'll leave it there. thank you. and still ahead on "worldwide exchange," we are headed to the front line of a trade war. why u.s. sports could feel the we apa re live in charleston, south carolina, when "worldwide exchange" comes back stick with us. polk county is one of the counties

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welcome back closely following a developing story out of the white house president trump will meet with the national security council to discuss the alleged chemical attack on civilians in syria let's get to nbc's tracie potts live in washington hi, tracie. >> reporter: hi, mike and seema. f- f-15s struck a base in syria the u.s. says it wasn't us last year when this happened president trump did order airstrikes the question this morning, will he do it again never night the pentagon denied airstrikes are underway after president trump blamed iran and russia and promised big price to pay over an alleged chemical

attack saturday night in the city of dhouma could the u.s. attack? >> i wouldn't take anything off the table. these are horrible photos. >> reporter: images like this. aide groups say dozens of people died and hundreds were hurt. before now president trump wanted to pull america's 2,000 troops out of syria. lawmakers are urging him to get tough. >> the president is going to have to reconsider his plan for an early withdrawal. >> he's got to send a message that what he said. >> we should be able to do so at very little cost if he doesn't follow through and follow up with the tweet, he's going to look weak in the eyes. >> reporter: syria denies any involvement. russia calls it fake news. so that is the latest this morning. meantime, we're getting an update from the white house that the president was on the phone with french president emmanuel macron they are promising a strong

joint response to this the u.n. security council meeting this morning. >> thank you very much let's get a check on the other big stories outside of the world of business. nbc's frances rivera in new york with the latest. >> hi, seema and mike. the headlines this morning, bill cosby is due back in court today near philadelphia to be tried again on charges he sexually assaulted andrea con tant back in 2004. cosby's first trial last june resulted in a hung jury. the retrial also comes amid a new era of me too. details on the fire at trump tower. 200 firefighters responded to the inferno. six sustained non-life threatening injuries residential parts of the building do not have sprinklers.

breaking overnight dozens of students returning from spring break were injured as their bus hit an over pass. 44 on board were injured and two suffered serious injuries. those are your headlines seema and mike, back to you. >> michelle. mr. zuckerberg going to washington what you need to watch as the facebook ceo heads to capitol hill. plus, a true sign of the times. what credit card companies are doing with your signature that could be a game change gir but it's not kayak confident. kayak searches hundreds of travel sites to help me plan the best trip. so i'm more than confident. forgot me goggles. kayak. search one and done.

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wall street at a highever open we'll tell you what is fueling the turn around. ceo shakeup at deutsch bank. john cryan is out. mark zuckerberg heads to capitol hill monday, april 9th. you're watching cnbc. good morning, welcome to "worldwide exchange. i'm mike santoli. >> welcome back. >> thank you >> i'm seema modi. brian sullivan is on assignment. he'll bring us a live report from south carolina where he's looking at tariffs on business

there. a big story as we watch this trade dispute between washington and beijing. take a look at where markets are trading. we're halfway through 5:00 a.m dow up 218 points. nasdaq higher by 76. s&p up by 23 take a look at the yield on the ten year treasury note we are at i believe around 2.79%. that's where the ten year note is yielding. >> global markets also in rebound mode asian equities, all to the up side hang seng and hong kong in particular a strong up 1.3% nikkei up half a percent over in europe, of course deutsche bank there, the big story, that stock is helping the german index there you see german dax up almost 1%. france up half a percent

slightly smaller gains throughout but globally the market's definitely looking to get their footing under them. >> so far a positive setup for markets here on monday take a look at oil we're higher there as well 62.29 for wti crude higher by .4 of a percent although i would point out wti crude falling more than 2%. second negative week in a row. looking at the dollar. despite all the trade uncertainty, the dollar stayed in a narrow range. right now at 1.22 against the euro 107.13 against the japanese yen. rounding things off with gold, we did see a little bit of that risk averse trade last week. gold getting a bit of a bid. right now 1,331. a look at cryptocurrencies, they just can't get a break slightly higher today by 1%. it did trade below 7,000 last week >> bitcoin that is. >> bitcoin that is >> absolutely. well, joining us right now to get ready -- help us get ready

for the trading week, joe lavoyna. good to see you, joe. >> thank you, michael. good to see you. >> april 9th, two months ago exactly was kind of the low so far of the equity market we've been in the pull back mode chopping around trying to figure out what the fundamental outlook looks like as all of this noise around trade gathers around us now today you have "the wall street journal" saying hey maybe global growth doesn't look that great in itself. we're kind of rethinking the whole story here where do you think we are set up coming into this week in terms of the economic momentum >> the fundamentals are good we have a lot of momentum. you're correct, investors are looking at it. the data i would argue in the u.s. anyway, that data is actually good, it's just been a little bit weak jereltive to the

excessive expectations i'd argue that were built in as we stabilize here with sentiment having shifted but likely stabilizing because i do expect the next batch of data as we move into q2 to be stronger, you'll see people maybe get more upbeat on the outlook. for example, earnings which we're getting will be quite solid and they'll have the tailwind of the tax cut from last year that should help through the course of the year the key point i want to make, michael, is the fed. to me this all started after the fed started to get more aggressive and give a more hawkish outlook for rates because to me ultimately it's about liquidity and where monetary policy is in the cycle. >> can the fed continue to be more aggressive, joe, if this trade uncertainty continues to escalate clearly investors are watching these trade discussions taking place between the u.s. and china? >> sure. >> there's also this concern that in the trade war china

doesn't have much leverage so they may have to use alternative measures to retaliate, maybe even boycott american brands. >> sure. seema, those are certainly risks. i would say just leaving aside china and trade wars for a minute i mean, the market -- the s&p went down nearly 4% in february which was more than where we fell in march. it was around 2.5% i would argue that was all about concerns about inflation in the fed. the fed told us that it was going to more than double, more than double the funds rate in the next two years so if the fed thinks it's going to do that much hiking while inflation is low and you've got these other concerns globally, geo politically as you mentioned with trade, we'll have a problem. i'm hopeful powell will not pursue that path, powell meaning the fed chair. >> joe, the markets are trying to bet that, in fact, that the fed will not be quite as hawkish as some of the public

statements, right? >> yes. >> the market is not really pricing in necessarily a sure thing up two more. >> that's correct, michael sema would have eluded to it herself, i'm sure, the last two weeks as concerns about the data and trade wars have surfaced, we have taken out some of the pricing in here's another key point if you look at the slope of the yield curve, it has been flattening for a while that was over the last year and, therefore, the markets are telling you there's really not any inflation risk which is why i would like to see the fed come out, say they're going to take rates to 2%. that's perceived by some to be the neutral rate let the balance sheet unwind don't do anything. let the economy run hot and we'll also at that point be better able to deal with some of these geopolitical concerns as well. >> take it to 2% by when do you think that would matter >> sure. fair enough.

over the next year or so, next 9 to 12 months they can say, look, we plan on taking rates to neutral which we believe is around 2% let's sit back and wait and see what happens the fed has not hit a 2% inflation rate, either headline or core, since '95 i mean, we've run below 2% annualized in headlines, pc, core pc for a long time. this notion that somehow magically because the unemployment rate is low we're going to get back to 2%, you hear it a lot in the fed commentary, to me i don't believe it. >> we'll see that would be a different twist on the forward guidance to the fed, joe we'll see if that's the way the conversation goes. >> thank you guys. >> certainly a contrarian view given that the house call is 2.8 to 3%. >> some stocks to watch this morning, novartis is buying avexis for $8.7 billion. the drug maker will pay $218

billion in cash. that's an 8% premium avexis is treating spinal muscular dystrophy deutsche bank ceo john cryan is out by christian sewing. they are the shares are sharply higher. watch shares of facebook i'm sure everybody already was this week ceo mark zuckerberg is expected to appear before congressional hearings he will hold meetings with some lawmakers today. a facebook spokesperson will confirm notifying users whose private data may have been compromised in the headlines just keep coming on the social network. we're learning facebook has suspended another data analytics firm after cnbc discovered it was using packages like cambridge analytica. they used personality quizzes for nonprofit academic research.

facebook is suspending all the company's apps until a further audit can be completed if they refuse or fail the ud dit, they will be band facebook disputed the implication that it can't exercise it telling cnbc they can't control information that the company mislabels. sticking with facebook time for this morning's top trending stories "saturday night live" poking fun at facebook founder mark zuckerberg on weekend updates. cast member portrayed the embattled ceo who has spent the weeks making media appearances to defend facebook's image. >> my point is, sure, maybe facebook sold out our democracy to russian troll farms my bad. but on the other hand, farmville. to be honest, i feel great about facebook's future. i sleep easy at night upside

down in my pressurized sleep egg. sure, i still have all your photos, your memories, your unspoken thoughts and fears, but, america, look me in my shark eyes when i say this, that on behalf of everyone at facebook, i'm sorry! on opposite day. >> zuckerberg, everyone. if you want to be zuckerberg he should have been wearing the hootie. >> t-shirt is okay but pretty irresistible target in terms of how his approach to these public statements and things like that. >> we'll see if he makes a second appearance. >> also gets to the point that i don't think users have a deep reservoir for affection. >> which is interesting given how much we use it. john krusinski's horror flick "quiet place" took the top spot with $50 million. the story line revolves around a family who must remain completely silent to survive

fans were freaked out they were too squared to enjoy the theater snacks it looks pretty terrifying did not see it but we've been debating whether it's okay for let's say a 10-year-old. >> maybe not given this -- >> but if it will scare them silent i think parents will say maybe there's a side benefit. >> there is perhaps. signing your credit card receipt will soon be a thing of the past signatures aren't a useful way to verify identity big four credit card companies, american express, visa, discover and master card will stop requiring them for credit card transactio transactions this was inevitable. >> especially with the electronic signing. >> i'm so lazy in my signature these days. >> so many different iterations of exactly whether you need a pin, signature, nothing. >> in europe you never have to sign but that's another story. david solomon, he's not

giving up his hobby dejaing under the name d.j.desol he had house style electronic music at a lower manhattan area. dressed in all black wearing a baseball hat solomon was open with this house version of "the pink panther." >> that's popular. still pretty cool, right given how highbrow and buttoned up goldman sachs is. >> exactly completely different character. >> carrying on his deja skills and in public. >> help out your alma mater too. now to sports and an exciting final round patrick reed fought off an early move by rory mcilroy and a near historic come back by jordan spieth to win his first major career -- his first major of his career and first green jacket. the texan known as captain

america for his play in the ryder cup won by one shot over fowler he's a first-time major winner. >> record in its own way coming up on the show, we are headed to the front lines of this trade war with china. brian sullivan live in charleston, south carolina for us good morning to you this morning, brian. >> reporter: seema and mike, good morning no matter how important you think the port of charleston may be to south carolina and the entire southeast, it is probably more so, it is very clear that south carolina may, indeed, be the front lines in this trade battle we'll explain why and why the potential for a triple whammy on tariffs, trade and trump has the palmetto state a wee bit nervous coming up on worldwide exchange after this

welcome back to worldwide exchange get you another quick check of the futures this morning the dow is holding onto the indicated gains up 210 this hour s&p 500 due to open at 21 points up .4 of 1%. getting back a decent portion of friday's 2% losses. getting back to the brewing trade war on china president trump threatening to add billions of dollars more on tariffs on chinese imports that could have major impact on america's ports. brian sullivan live in charleston, south carolina, this morning with that angle. brian, over to you >> reporter: yeah, seema thank you very much. believe it or not, folks, the port of charleston one of the

biggest on the east coast, soon to be the deepest is behind us coming up all day on cnbc, we're going to be going in there we'll show you all the stuff you need to see. pretty cool sights once the sun comes up here's the thing about ports is that they are really the front lines with trade everything the president and china are threatening to tax has got to come in and out of this country somehow. the port of charleston, one of the biggest import ports in the entire united states why are we here? well, perhaps unlike any other state in the united states, the port of charleston matters to its state more than any other. yes, the port of charleston -- jacksonville's important, the port of savannah is important, the port of long beach and los angeles certainly are important, but the port of charleston is nearly 10% of south carolina's entire gdp it is responsible for more than $912 million in tax revenue. so when you look at the importance that the ships and the cranes and the men and women behind us have here, perhaps no state at the front line more

than south carolina. and there is a growing fear here in the palmetto state that as we start to see this tariff stuff ramp up that it is going to be faced maybe with a triple whammy here are the key questions that we've got to decide. number one, are these threats real or are they going to be enacted. if the tariffs, most of them are just proposed, if they are impacted, what are the impacts going to be. the locals didn't seem that affected yet south carolina will be squeezed in what i'll call the triple play you'll remember we had the tariffs on washing machines. didn't seem like a big deal except that samsung's got a new wat washing machine factory planned. not a lot of investments yet then the tariff on steel and aluminum guess what's made on the other side of the state? a bunch of bmws in spartanburg there's a concern that steel and

aluminum tariffs could hurt coming in and going out. now this dual round of tariffs on vehicles which, by the way, is the number one dollar value export out of charleston all of the things on china's list, washing machines, steel and aluminum, now this new proposed round of tariffs. that's why south carolina may be hit by the triple play we know the boom town story of charleston charlton has been one of the big stories of the united states right now it's humming people are weary, not worried. we'll have to wait to see if the tariffs are enacted. we'll be talking to people about what they're worried about and what they think may, indeed, actually happen. >> you were saying, brian, that these companies are worried in south carolina about the trade war actually taking place but are contingency plans being put to work around the tariffs potentially being imposed? >> well, i'll tell you the

contingency plan is for a lot of people to buy a house. i'll explain it. i got a completely different reaction last night talking to locals in a variety of different spots. you know what they said? a little bit weird a slowdown may be welcome because nobody that lives and works here can actually afford a home because all the northeastern money was coming down and buying the houses that the guys that work at the ports would like to buy from families. i thought it was going to be, oh, we're a little bit nervous our jobs depend on it. i got a little bit of a cooling off which would be welcome that's why we get i on a plane and discuss this i'm taken by the surprise that it's 29 degrees down here. it's supposed to be the south. >> seriously that's a very interesting angle, the real estate one for sure brian sullivan, we'll be coming to you brian sullivan live in

charleston and sticking with trade. up next, a tail oftwo trade wars why the view from china is sharply different from here in the u.s. 're headed live to beijing when "worldwide exchange" returns. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra?

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the foreign ministry said today under the current circumstances it is even more impossible for both sides to negotiate. the china-u.s. trade dispute was caused by the u.s. and the u.s. bears the full responsibility for it the u.s. side is carrying the big stick of trade sanctions and at the same time they claim to want to negotiate. who are they performing this for? now the spokesman was not specific about what needs to change in order for the chinese to engage the u.s. in talks. this is a much harder line than what they've been saying over the past couple of weeks just a few days ago the vice finance minister told me directly that the chinese were open for negotiations and would welcome trump officials and would welcome steve mnuchin to

china. this is much different it's also much different compared to what we've been hearing out of the trump administration president trump himself just tweeted yesterday china will take down its trade barriers because it is the right thing to do taxes will become reciprocal and a deal will be made on intellectual property. commerce secretary wilbur ross has also suggested that this trade dispute would lead to further negotiations and some sort of deal but we are going to be hearing more from president xi tomorrow and the chinese side when he makes a speech at a business forum in the south of the country. this is called boao. they expect he will be projecting himself as a states man and talk about liberalization >> the harsher rhetoric from the chinese side china is looking at other options, things like pressuring

its own currency is that something that's becoming part of the conversation here? >> well, it's becoming a part of the conversation in that the commerce ministry last friday was very, very open about how china is not going to rule out any option they were very, very harsh about that tone and this is just what we're hearing today out of the foreign ministry is an even tougher line that the chinese government is taking, they want to make sure that the trump administration knows and that u.s. investors know that china is very serious about how they -- about this current situation and that they want to make sure people know that nothing is off the table when it comes to options that they could take to retaliate. >> certainly china has many weapons in its arsenals. not looking at currencies but the treasury market as well. >> it didn't seem like there was a market reaction overnight. we'll see if that develops here. >> so many companies with high exposure to china.

look at qualcomm, boeing, nike, apple all rely on sales in this global market. we'll leavthe nvsae coertion there. "squawk box" will pick it up thanks for joining us on "worldwide exchange. we'll see you tomorrow ♪ i made my own way, now it's time to make yours. ♪ ♪ everything is working, working, just like it should ♪

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good morning market rebounding so far this morning. the dow pointing to a triple digit gain triple digit gains aren't what they used to be, are they? after closing last week in correction territory facebook suspending another data firm. cnbc found out they were using tactics like cambridge analytica. details straight ahead. a shakeup at deutsche bank the german lender naming a new ceo and replacing john cryan 2 1/2 man reboot possible now? maybe. it's monday, april 9th, 2018, and "squawk box" begins right now.

♪ ♪ live from new york where business never sleeps, this is "squawk box. good morning welcome to "squawk box" right here on cnbc i'm andrew ross sorkin joe kernen, melissa lee is with us becky is off this week take a look at u.s. equity futures. see how things are setting themselves up over the weekend we've had kind of a busy weekend. masters. >> masters. >> syria trump and syria and we have mr. zuckerberg tomorrow. a little bit of theater in washington dow looks like it's going to open up 186 points higher, s&p 500 up 19 points and nasdaq 68 points overnight in asia while most people at least on this side of the worl