good morning it's 5:00 a.m. on the east coast. here are the five big things happening right now. dow futures are soaring following yesterday's late-day session selloff. china officially filing a trade complaint against the u.s. with the wto this comes just hours after chinese president xi jinping attempted to calm fears of an all-out trade war. president trump slamming an fbi raid on the office of his long-time lawyer, michael cohen. and facebook's ceo heads to capitol hill to testify to congress. the latest on all of these

big stories coming up. it's april 10, 2018, "worldwide exchange" begins right now ♪ good morning welcome to "worldwide exchange." i'm courtney reagan. >> i'm dominic chu brian sullivan is on assignment. let's get you up to speed on the market action. stock futures are pointing to a higher open. the dow over the last -- first, 320 points to the upside is what the dow would open up by theoretically if things held the way they are now the s&p up by 34 points. the nasdaq up by 113 the dow over the last 24 hours, you look at the movement there, that late-day selloff. we were up 440 points at the high in the dow yesterday before that "new york times" story and reporting came out about the raid on president trump's personal lawyer, michael cohen, his offices and hotel room that sent stocks moving lower.

the dow closed up by 46 points as a result. in context, a 330-point move does not get us back to where the highs were yesterday something to keep in mind. let's move on to the bond market the ten-year treasury yields are moving slightly to the upside. 2.80% the last trade there up by almost 2 basis points. we talk about the bond trade, the stock trade, things are setting up positively in terms of risk for right now. >> let's go worldwide. let's look at trading in asia overnight. if you are sleeping in the u.s., we heard from chinese president xi jinping and hecalm fears of a trade war. that's what asian investors are telling us overnight with the movements here the nikkei higher by a half percent. the hang seng and shanghai higher by 1.5% off of those comments in europe, we are seeing a higher session early on.

basic resources stocks are trading higher, especially those with exposure to china strength out of lvmh on strong demand shares hitting a record high on the back of those sales numbers because of the chinese appetite for luxury so it all sort of ties back together you can see germany is leading the way there, higher by a percent. >> let's take you to the broader markets. we are seeing movement on the macro trade. energy markets, wti crude up by 1.3% $64.28 the last trade there. brent crude, $69.57 , up by a similar percentage amount. generally speaking, talking dollar weakness though it is stronger versus the yen. the euro 1.2323, and yen 107.01. as for gold prices, we're seeing a bit of movement to the down side off by less than a dollar. those gold futures, 1339.40.

china officially filing a complaint against u.s. steel and aluminum tariffs with the world trade organization this comes just hours after chinese president xi jinping delivered a speech attempting to calm fears of a brewing trade war. let's go to china for the latest where are we now, martin >> courtney, good morning. dominic, good morning. you referred to that wto complaint. that was the stick the carrot came earlier today in a sweeping half-hour long speech, xi jinping positioned china as a leader of globalization, free trade and in the fight against climate change so the senior statesman like speech that would not be out of place at the united nations or before a joint session of congress, it was also an open for business speech, including the opening up of autos. >> translator: on manufacturing,

we have basically opened up this sector only with a small number of exceptions, automobile, ships, and aircraft. now, these industries are in position to open up. going for waward we will ease se ch restrictions on automobiles in particular >> president xi not just lifting investment restriction on autos but lifted import duties on u.s. autos into china apparently a direct response to president trump's tweet complaining about stupid trade with china and excessively high tariffs on u.s. autos. >> it seems like both sides are starting to ratchet down some of the rhetoric let's bring in michael every from rabo bank that was one name that was

absent from all of president xi jinping's speech, that was any mention of president trump what was your take away? did we really get what the markets wanted to hear >> there was only room for one mega ego on that stage, we couldn't have the name trump alongside xi jinping i simply don't understand what speech all the previous commentators are referring to. i listened to it here, as far as i could understand basically it was warmed up leftovers of what china previously said they would do and never delivered on. i can't see it placating the white house. one sliver of good news was the promise at some time to reduce tariffs perhaps on imported autos. everything else we have heard year after year after year and it never happens honestly, after having sat through it, from a trade war perspective i think it's on like donkey kong.

>> you think the relief rally we're seeing around the world and in asian equities is not merited. if that's true do you think a trade war is, indeed, coming >> yes and yes simple as that i would imagine if the markets are responding because some algorithm seen somewhere that president xi said the words free trade. he said the same thing in davos last year. it's not happened. it's easy to get on stage and just say something i'm here on tv i can say i look like brad pitt, i'm 6'3", i have a yacht, is it true no it's easy to say and goes on a screen somewhere we have to see credible concrete action with a specific timetable, not these vague promises we'll do something wonderful. most of the speech was basically clappy, happy, sit around the

fire singing skumbaya while backpacking. it's nothing concrete. we understand why many countries are unhappy with china, heaters what -- here's what we will do about it it was a celebratory session >> some say china will act to open things up but do it on their own terms. let's talk about the markets and how they handicap what's happening with china what will you need to see that tells you china is actually following through on some of its promises to open up the fdi, foreign direct investments and everything else? >> well, when they actually do it i won't believe it until then. there's no market indicator worth watching, worth tracking as domestic markets are heavily -- how can we put it, heavily corralled in china, they send the message they're supposed to send, they don't operate like markets do in other countries that have free markets. generally free markets seem to

be reacting in the wrong ways, because algorithms are telling them what to say until i physically see not just a headline saying i'm doing it, but a physical implementation of it, saying it will happen on this day, it's going live, which china has done in the past when it wants to. until we see that, this is completely spurious and it's a relief rally based on a misunderstanding at the moment i would say we will get headlines fairly shortly saying the white house is not happy and trade war fears will come roaring back again >> if you are a viewer here, you're waking up in the united states you see futures rallying is your message be cautious, watch out, once people figure out what's going on, a human gets involved, the algos get pushed aside, there's a human than gets involved, this relief rally is over. what should you do if you're an investor >> i was going to say ask, but

you asked me for a slightly longer answer. don't believe this particular relief rally do your digging and reading and find out what are people saying in the white house about what xi said and what did xi actually say. compare it to what he said a year ago and five years ago. see if any of it has happened yet. >> what's the old saying talk is cheap? thank you very much for sharing your thoughts on china >> another big story we're following, facebook. the company's ceo mark zuckerberg is headed to capitol hill this afternoon. he'll testify before the senate judiciary and commerce committees zuckerberg will face a wide range of questions from that massive data scandal to facebook's role in the 2016 election zuckerberg met behind closed doors with several lawmakers yesterday. we'll have full coverage of the testimony throughout the day on

cnbc let's check facebook shares in the early going. we're higher by about 1% >> your big individual stock stories include veri domingu dominguez -- fevifone to be bought for 2$2.6 billion joo morgu morgan stanley is upgrading nvidia pent up demand from gamers for nvidia's graphics cards will make up for any declines shares up 4% bayer is one of the top gainers in europe after the "wall street journal" reported that the justties -- justice department in the u.s. will clear the deal to buy monsanto

we have other stocks to watch. tupperware is cutting its first quarter earnings and revenue guidance the company expects sales to drop 2% to 3% below the end of its previous estimate. they cite the impact of u.s. tax reform and customer service issues in europe nike is buying invertex a computer vision company. deals were not disclosed inv invetex sans a person's body to make customized fittings shares of nike are higher by 1%. shares of lvmh are trading at a record high today they reported sales grew 13% in the first quarter, well above forecasts. growth is being propelled by continued strong demand from china. shares higher by more than 5%. we're just getting started on "worldwide exchange." up next we're hitting themall to find out what's hot and what's not when it comes to teen

retail exclusive new numbers straight ahead. and we're all over this big move liar in telie -- higher in futures market stick with us, much more market coverage when "worldwide exchange" returns. happy anniversary dinner, darlin'. can this much love be cleaned by a little bit of dawn ultra? oh yeah one bottle has the grease cleaning power of three bottles of this other liquid. a drop of dawn and grease is gone. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain 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.

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. . welcome back to "worldwide exchange." stock futures are sharply

higher the dow would open up by 307 points if prices stand the way they are into the opening bell of regular trading the s&p up by 32 points if we were to open here. we are off our session highs for those stock futures. the s&p futures are up by 10 points more at the highs earlier this morning we'll keep an eye on that stock picture overall. in this case here, green across the screen we'll see if that sticks in retail news, you know it's hard to keep up with what teens think is cool, what's in, what's out but prip erpiper jaffray's been tracking it, athletic trends are still strong, but there are winners and losers total teen spending is up from 6% from the fall, and beauty spending is at an all-time high. nike holds on to the top spot in terms of brands. but it lost significant share from a year ago as adidas has

grown in popularity. the german brand doubled its share in apparel from 3% last year to 6% this year, and 14% from 8% in shoes s vans is the number two brand for shoes, as the streetwear and '90s trends surged in popularity if you don't know supreme, you likely don't have a teen in your house. supreme moves up from the seventh spot to the tenth from the fall survey. tommy hilfiger and calvin klein are also growing in popularity, as is hane's brand owned champion along with nike losing share, under armour remains out of the top ten for teens in clothing and shoes.

it's the number one old brand that the guys say they no longer wear for the first time since 2002, ralph lauren falls out of the survey's top ten so joining me now is aaron murphy, senior research analyst at piper jaffray, one of the analysts who helped conduct the survey i know when this survey comes out, you often update recommendations and ratings for a number of stocks, depending on what the teens have told you what were your top surprises that caused you to make some changes this morning >> thanks for having me. a couple of surprises. number one, we saw that resurgence in the street wear and just the overall retroathletic style. adidas was the biggest mover in the survey we also saw vans which hit a new peak at 16% of all teens preferred footwear so those were very strong. i would say what surprised us most is on the beauty side

you mentioned it it earlier. beauty spending was up 4%. it was a new peak. that was led by skin care, which was up 18% against that back drop we saw teens still favoring specialty retail to shop 74% of teens say they prefer to shop for beauty in specialty retail within that subset, sephora was up, but ulta is now the number one brand among the average income teen as their preferred beauty destination we did upgrade ulta, we are an overweighted stock for that name $236 price target. we think it's a good time to buy the name >> one theme is the beauty aspect anybody looking at a chart of estee lauder knows what we've been talking about it's been straight upwards for a year turning back to a name not on the list, under armour what does ceo kevin plank have to do to make this brand, which was once all the rage, cool

again among consumers? >> it's a great point. the one thing that's very different about under armour versus adidas or nike is they don't have the history it's been around for 17, 18 years when you think of what's trending now with teens, it's all about the '90s it's about that retro. so brands are going back into the archives and finding what was hot back then and pulling it around again under armour was founded on performance. that is an important category within athletic, but it doesn't lend itself to the current gen v demographic like it has in the past so they need to expand and segment their product by the channel they go into international is still a strong opportunity. but they're getting crowded out by a brand like nike and adidas.

>> it's interesting to see a resurgence of tommy hilfiger and calvin klein calvin klein showed up in the handbag segment in the survey. do you believe that will push over to apparel for calvin klein or is that a siloed popularity trend. what has been driving the growth is denim and underwear and handbags in our survey, given the price point and the way we ask questions, handbags is the nomot natural way for it to pop up we don't ask specific questions on underwear, intimates. it may not ever hit the apparel like in handbags, but directionally it keeps moving up we were more impressed with the tommy fill higer brand whi hilfc is in the top 15 for that demographic. >> appreciate you getting up early and talking us through it.

still ahead on "worldwide exchange," a total witch hunt. that's what president trump is calling the fbi's raid on his lawyer's office and home we have a live report from washington coming up "worldwide exchange" will be right back

♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ racing isn't the only and with godaddy, i'm making my ideas real. 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. ♪ everything is working just like it should ♪ theseare heading back home.y oil thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home

vojimmy (shouting): james!as been jimmy's longest. he's survived record rain and a supplier that went belly up. so while he's proud to have helped put a roof over the heads of hundreds of families, he's most proud of the one he's kept over his own. brand vo: get the most out of your money, whether you're using quickbooks smart invoicing to get paid twice as fast or automatically tracking your mileage. smarter business tools for the world's hardest workers. quickbooks. backing you. you're still here? we're voya! we stay with you to and through retirement. i get that voya is with me through retirement, i'm just surprised it means in my kitchen. so, that means no breakfast? voya. helping you to and through retirement. welcome back to "worldwide exchange." futures are pointing to a higher open if you look at the dow, as things stand now, if prices hold true into the opening bell, the

dow would open up by 330 points. the s&p by 35. the nasdaq up by 115 we're carrying through on some of those gains from yesterday, but we're yet to get back to those levels we saw at the highs intraday yesterday for the dow, s&p and nasdaq we're following a developing story out of the white house president trump firing back after the fbi raided the home of his long-time lawyer, michael cohen. tracie potts has the latest. good morning the president livid about this he says it's completely unfair the way it happened, officials tell us, robert mueller came across some information about a possible crime that had nothing to do with russia. turned that over to a u.s. attorney who took it to court and got authorization for this rai raid >> reporter: stormy daniels tells "60 minutes" she was a willing participant in the alleged sexual encounter in

2006, but five years later, after she unsuccessfully tried to sell her story, this. >> guy walked up on me and said to me leave trump alone. forget this story. he leaned around and looked at my daughter and said that's a beautiful little girl. >> let me bring you up to date on what happened in the last 24 hours. the raid happened on michael cohen, the president's attorney. this was in new york at a hotel where he was staying while renovations were happening on his home it was also his office space according to the "new york times," they were going after business documents, tax records, e-mails that cohen's attorney said was privileged. the president says it is unfair this raid happened in the first place. the question now, what does it mean for cohen and what does it mean for the russia investigation? will this land in some sort of charges for kcohen and might robert mueller use that?

that's where things stand now. not connected with russia, not yet. but we are awaiting to see what happens. if there's any further word from the white house and the president today. >> tracie potts, thank you. let's get a check on the other headlines outside of the world of business, frances rivera is in new york with the latest good morning to you. the world is awaiting the u.s. response to saturday night's suspected chemical attack in syria that killed at least 40 people during a cabinet meeting president trump called the attack heinous saying we'll be making major decisions over the next 24, 48 hours. three southwest states have agreed to send nearly 1600 national guard troops to the u.s./mexican border following president trump's call to stop the flow of undocumented immigrants the governors of arizona, new mexico and texas have made fledges to send half of the

4,000 troops that the president requested. in mexico construction has begun on a new wall that will replace existing vehicle barriers a new list of top quality airlines is out. alaska airlines is on top. the list is based on several factors including on-time performance and mishandled bags. delta came in second to the lowed by jetblue, lhawaiian and southwest. back to you. >> thank you very much still ahead on "worldwide exchange," we're counting you down to zuckerberg's big day the facebook ceo testifying before congress this afternoon what to watch for coming up next we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve it? business. because solving big problems is what business does best. so let's take on the wage gap, the opportunity gap,

the achievement gap. whatever the problem, business can help. and i know who can help them do it. jimmy's gotten used to his whole yup, he's gone noseblind. odors. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy.

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.

market aler. futures are in rally mode following yesterday's late-session slide. breaking trade news. china officially filing a complaint against the u.s. over steel and aluminum tariffs we're live in beijing with the details. and mr. zuckerberg heads to washington what you need to watch as the facebook ceo testifies before congress it's tuesday, april 10, 2018 you're watching "worldwide exchange" on cnbc. ♪ good morning welcome to "worldwide exchange." i'm courtney reagan. you are looking at the capital building it will be quite a day in washington, d.c.

all of the world will be watching >> facebook's mark zuckerberg takes the hill and will talk to congress about data privacy an everything else. i'm dominic chu. washington and facebook are one of many things that we're watching today, especially with the markets rallying the way they are >> i hope everybody has their coffee it will be quite a day let's see where the action is pointing us now. if we were to open here for the dow jones, we would be higher by 340 points the s&p 500 futures pointing us to an implied open higher by 36 points the nasdaq up by 118 at this point we know there are four hours left to go and a lot of headlines that could shake things around. let's look at where the yield on the ten-year is this morning the yield was pushing up higher when we checked it earlier still is here. we're at 2.805

>> let's go worldwide. in asia, a generally positive day on the heels of president xi jinping's comments with regard to trade rhetoric and everything else the hang seng in hong kong up by 1.5% the shanghai up by 1.5% as well. we're seeing a broadly positive move in european stocks, off of session highs. the dax in germany, up by a percent. the cac up by a half percent the ftse 100 up by a half percent as well. china officially filing a complaint against u.s. steel and aluminum tariffs with the world trade organization this comes just hours after chinese president xi jinping delivered a speech attempting to calm fears of a brewing trade war. that's largely what is pushing stocks higher around the world here eunice yoon is live in beijing with more. hi, eunice >> well, president xi pledged a more open china and said these

new measures would be turned into reality sooner rather than later. the markets were encouraged by this most of the people i speak to here say they were underwhelmed by president xi's speech that's because many of them, who have been long-term in china, say that they have heard these promises time and again, and also a lot of these policies are already under way. for example, the changes in the financial sector the decision to lift foreign equity capped was announced at the end of last year the lowering of auto tariffs are not really meaningful according to some auto executives i speak to because most american cars sold in china are also made in china. the third point is on easing restrictions in manufacturing or enforcing intellectual property, there were very few details and only vague time frames most importantly that i've been getting is that the speech did

not address the main concern of many person businesses as well as the trump administration. and that is china's industrial policy so the big question is whether or not the speech is going to be enough to really appease the trump administration there was some good news for some american companies. the biggest winner is probably tesla. because i have been talking to people in the auto industry. they said tesla is the one to benefit from this if things pan out for them in the way they hope, because tesla depends on imports, it doesn't manufacture here the tariff on tesla cars right now is 25% so if it drops significantly, some people are saying can it drop to 5% if it were to do that, that would be a major game changer. still no clarity on the jv situation, but there could be a potential for tesla to have an exception and that's because the chinese want to develop an ev supply chain here.

they want to make sure they have tesla here >> a lot to talk about, eunice michael every also warning us we've heard this before from xi jinping. investors, consider yourself warned before the markets open in the u.s appreciate it. facebook's mark zuckerberg is heading to capitol hit to testify before congress. the testimony will begin at 2:15 eastern time this afternoon. julia boorstin has more on what to expect. good morning it's a big day for mark zuckerberg as he faces senators who have been demanding answers about facebook's values, including the lack of privacy safeguards and the platform used to manipulate elections. yesterday he met with senators who said they had a heart to heart and he think there's will be a lot of challenges for facebook in the future

hours from now zuckerberg will testify for the first time in prepared remarks released yesterday, zuckerberg apoll j apologizes, explains what went wrong, and talks about cambridge analytica. he said it was my mistake, i'm sorry. i started facebook, i run t i'm responsible for what happens here zuckerberg will highlight changes the company is making, including safeguarding the platform by limiting the information developers can access, investigating other apps, building better controls so these situations don't happen again. when he takes the stand, we can expect senators to press zuckerberg on whether facebook is doingenough to prevent scandals like cambridge analytica and how many case there's could be and whether users data is really safe. zuckerberg is likely to reiterate the plans to hire many more people, to have 20,000 by the end of the year just focused

on security and investment and security that will significantly impact profitability back over to you >> thank you very much, julia. i have to say, it seems like the senators are going to take the opportunity to talk to zuckerberg about a lot more than just this cambridge analytica, they'll talk about the russian meddling with the election and a lot more if you were one of the senators, what would you want to hear? >> i think it comes down to this question of arie inyou doing enh and what more should be done the question senators are asking themselves is how should facebook be regulated? whether it's data privacy protection, embracing some rules that are overseas that the eu is about to put into place in may about data privacy also when it just comes to being a place where for either issue ads or for election related ads, making sure it's regulated effectively like a media company. >> julia, 2:15 eastern time,

that's the time we're all watching this afternoon. thank you very much. sticking with facebook, over the last few weeks and months some of the biggest names in the business world have spoken out about facebook's policies. here's a look back at some of those criticisms >> the idea that fake news on facebook, of which it's a very small amount of the content, influenced the election in any way is a crazy idea. >> i think the tools that have been created today are starting to erode the social fabric of how society works. >> when the ceos won't take responsibility, then you have no choice but for the government to come in and say what's going on >> i think the management of fa facebo facebook is committing malpractice. >> we need to hear from him. the sooner the better. i expect him to testify.

>> i think people have the right to know what it is, where it s how it's controlled, why it's controlled it's true for all these data providers. >> mark zuckerberg, what would you do >> what would i do i wouldn't be in the situation >> he will behave like an adult as a major corporate leader or give me a phony baloney hoodies and jeans in this was a huge breach of trust. people come to facebook every day and they depend upon us to protect their data i'm so sorry >> this was a major breach of trust. i'm really sorry this happened >> joining us now is a staff writer from "the hill. this is going to be quite a day for mr. zuckerberg there's a lot of ground to cover in washington. what do you think his possible message could be that would make everyone feel a little better? does he stand a chance at coming out of this looking better than he did going in? >> he's going to take a sort of

apologetic and contrite message. you can already see that in the statement that the house committee leaked that he will give already if he will come out better remains to be seen but it seems likely just given how much training and preparation he's had lawmakers will come at him hard. they will be very critical it's a very -- it's going to be a dramatic hearing but mark zuckerberg will have been well prepared for this. things could go badly for him if he doesn't approach it in the right way. he's in a position to do soli y solidly, but he has to make sure he delivers on that. >> you covered this extensively. let's talk about the preparedness of mark zuckerberg. we've seen evidence in the past that he has not held up particularly well under times of intense scrutiny if you were in a situation to kind of talk to zuckerberg, what would you lay out as the game plan what do you think he should be

doing today to adequately address those issues and concerns raised by congress? >> yeah. there's a few things on just the basic optics level, he needs to appear as if he's listening and he's remorseful for what happened. i think that would go a long way for lawmakers who want to spend time haranguing him and cluing him out. they'll use a lot of his five-minute question time to lecture him and criticize him. one thing he needs to answer that a lot of people have questions about is how he rectifies data privacy and protecting consumer data with his business model during a press briefing last week on the phone, a reporter asked him about this of the questions that he answered, that was one of the ones he clearly didn't have a good answer to he gave a sort of vague mealy mou mouthed response and didn't hit the core issue of the problem. lawmakers won't let him get away with that like he was able to on the call last week

>> to that point, you see a lot of these folks when they get up there and testify. they do their best in the moment and then say we'll have to get back to you on that. is there any -- will he be able to get away with that today? how deeply will he have to share without giving away facebook's trade secrets for the committees to be satisfied with his answers? >> i think some lawmakers will understand he can't say everything, but for the most part, compared to the hearings in november when face bob's lawyers testified alongside google and twitter, they were able to use that excuse and say we were able to go back on this. we don't make these decisions. but zuckerberg is the ceo, things run through him if he uses that excuse too many times, lawmakers will go at him hard if he uses that excuse more than a reasonable amount >> mark zuckerberg and sheryl

sandberg have opened themselves to increased regulation. how far do you think senators, congressmen and people will go with regard to what they're looking for to regulate social media as an industry >> that's a good question. lawmakers have been critical about this they have taken a hard line tact but in terms of backing it up with legislation, there's not been the same sort of action behind the rhetoric. there's a few -- a couple pieces of legislation out now there's the browser act in congress, the honest ad act on the senate side, but neither have yet to make significant traction so that suggests that lawmakers, while some are serious, there is not the momentum there to get things passed yet. we might see some new legislation. i heard talk that some lawmakers are interested in introducing some new things. potentially as early as today. even if there's new talk and certain will ylawmakers are agge on this, they still need more

than just a few senators they need to get a majority. there is not the momentum there yet to pass legislation. >> facebook has become a really, really big company, a very important stock when it comes to the stock market right when all of this cambridge analytica news was bubblingup there was the movement to delete facebook that seems to have faded as these things do. is there any indication that any of this will be watched closely by the actual consumers of facebook by the people who use facebook how much are they listening to what mark zuckerberg says about their privacy? or have we got ton a point where it's all just a giveaway and nothing is private >> there's a few different sides to it. it's a complicated question because in a sense consumers do care this breach got more attention from the general public. it's not a traditional cybersecurity breach, but people have been more frustrated with it than in the past.

at the same time there's that acceptance that the data is out there. it's hard for consumers to do anything, unlike the delete uber movement, there was a clear alternative, lyft. facebook, there is no clear alternative. among users 25 and under, even younger than that, their numbers are already droppingon the platform younger users could see this as a reason to never get on the platform or stop using a platform that they barely use any way. facebook has a good strategy here interms of business >> thank you very much appreciate all of your insights. it will be a busy day for you, i'm sure, as it will for the rest of us still ahead on "worldwide exchange," closing the gap today is equal pay day we're taking a deep dive into the gender pay gap and why it's so hard for companies to close. as we head to break, a check

on the u.s. equity futures picture. the dow slated to open up by p 60 360 points

welcome back to "worldwide exchange." futures as we've been telling you all hour long are up, and up sharply. the s&p would open up by 37 points the dow jones up by 345 points the nasdaq up by about 120

so a very big day on wall street again, for some context, even if we get this move higher at the open, we would still yet to claim the intraday highs from yesterday before the market selloff was triggered in the afternoon by president trump's lawyers, offices and hotel room being raided by the fbi. today is equal pay day symbolizing how far into the new year women must work to earn the same as what men earned last year leslie picker joins us with more this is always fascinating stuff and riles me up a little bit no offense, dom. >> none taken. the purpose of equal pay day is to spread awareness of the gap in earnings between the two genders. now based on median earnings, women make about 20% less than men. that equates to $400,000 in lost earnings over the course of their careers, and 74 weeks worth of groceries just to put

those numbers into perspective the pay gap becomes wider for women of color with black women earning 38% less than white men and what latinas earn. at the current rate women's pay won't be in parity with mens until more than a century from now. the gender gap is different for equal pay for equal work a large explanation is do you to occupational gender segregation, so predominantly male fields garner higher wages. activists say raising the minimum wage is one way to help narrow that gap. another run is motherhood penalty. employers have been less likely to hire mothers than fathers, even those who never left the work force there is also overt gender bias.

companies have taken action by investigating their own work forces to see where pay gaps arise. greater transparency in the public sector on pay has been shown to close the gap as well >> a lot more work to do, we appreciate you bringing it to the forefront. at least we can start talking about it >> yes thank you very much. still ahead on "worldwide exchange," these are the two big stories you need to watch today. number one, the early market rally. number two, foobacebook's ceo testifying on capitol hill she believes in research. it can take more than 10 years to develop a single medication. and only 1 in 10,000 ever make it to market. but what if ai could find connections faster. to help this researcher discover new treatments. that's why she's working with watson. it's a smart way to find new hope, which really can't wait.

♪ ♪ hello. give me an hour in tanning room 3. cheers! that's confident. 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. 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.

dow futures up this morning. let's bring in steving whiting from citi's private bank as we talk about markets, is a possible trade war the biggest risk to markets?

>> it's the largest risk to the global economy if there was a true breakdown where no cross border trade could happen, you cannot ship between countries. 1$150 billion in tariffs, right 25% applied to that, this sort of thing, that's not the same sort of interruption but the ratcheting up of these concerns is a big deal again, it's been more or less isolated recently to the u.s. and china. that opens up opportunities in all of the dismay of trade to other countries. but this is the issue. this is globalization, it has meant stronger cross-border trade, greater contributions to economic growth and we don't need interruptions to that >> all eyes will be on walk today, not the least of which mark zuckerberg testifying what's important to listen for if you're a facebook investor or in general if you're watching

the market >> the position of congress on regulating technology in general. really to listen to them on where that goes going forward. obviously the world is more than one particular company we want to have a good view of technology broadly across the world. it led over the past year. you will see a power earnings tape. we think the first quarter earnings season will be strong the performance last year is creating some headwinds. interest rate pressures have created headwinds, but those firms which achieve technological dominance and it lasts, we think those are still good long-run performers >> steven, thank you very much for joining us a lot to watch for in the market overall today. that does it for this part of the show as we talked about, zuckerberg on capitol hill at 2:15 eastern time and we'll see if the market rally holds.

>> futures are higher by more than 300 points. qun we hold it for the dow "sawk box" is coming up next all in one place. hoty ♪ vof hundreds of families, he'se hmost proud of the one the heads he's kept over his own. brand vo: get paid twice as fast with quickbooks smart invoicing. quickbooks. backing you.

futures bouncing back, gaining back a lot of the 400 points that resulted in the selloff yesterday in the last hour getting most of that back today. a carrot and stick from china. president xi pledging to open the economy and lower tariffs just hours before china files a formal wto complaint against the u.s. and mark zuckerberg will spent the next two days explaining to politics how facebook mishandled user data. we'll tell you what to exbecht from capitol hill.

it's tuesday, april 10, 2018 "squawk box" begins right now. ♪ live from new york where business never sleeps, this is "squawk box. good morning welcome back to "squawk box" here on cnbc we're live at the nasdaq market site i'm andrew ross sorkin here with joe kernen, melissa lee is here. dow futures are soaring following yesterday's late session selloff. we'll talk about what happened yesterday afternoon. this morning president xi making some meants that are leavie leah market higher. nasdaq is up 117 points. s&p 500 looking to open up about 35 points higher let's show you what happened in asia you are looking at green arrows across the board with the hang seng and the shangha