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tv   Worldwide Exchange  CNBC  June 8, 2018 5:00am-6:00am EDT

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it is 5:00 am at goebl head quarter. the top five at fife president trump lashing out at our closest allies, all ahead of today's and this weekend's g7 summit facebook says as many as 14 million users may have been hit with yet another privacy setting error. the imf bailing out one of the biggest economies. is there life on mars? there might be we're not kidding. a story you have to hear to believe. and congratulations, capitals celebrations under way in our nation's capital washington wins its first title
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of any kind in 20 years. it's friday, june 8th. "worldwide exchange" begins right now. ♪ celebrate good times come on it's a celebration ♪ hello and welcome. i'm brian sullivan good morning, or as we say good evening to many of you capitals' fans who are just going sleep right now after the epic win last night congratulations, d.c i have friends down there. see if scott wapner comes in today. a huge fan a very different tone today than most of this week caution is the key word of the day with the red on the screen stock indicators showing a likely drop for the dow. you have concern over global trade. tensions rising ahead of the g7 meeting this weekend we'll have more on that shortly. ben bernanke saying yesterday that theamerican economy could
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face a tough time in two years as stimulus fades and the economy overheats. bonds reacting a bit as well buyers coming in bait. yield rg falling to 2.91%. oil sliding just a bit, as well. as global growth concerns taking oil down, about 25 cents to 65.70 a barrel ahead of this weekend's big meeting, president trump lashingous, specifically at france and canada. let's get to jay gri, live in quebec, with more. jay? >> hey, good morning, brian. an interesting dynamic the president scheduled to land here in just a few hours this is a city on edge, obviously concerned about protests that always seem to follow the g7. it's a group of allies at odds with some of his latest policy decisions. at the top of the list, new
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tariffs on steel and aluminum. something that really has enraged this group of six plus one many are calling them now. they're anxious to get a chance to speak with the president. there's been a duel in the media as well as twitter overnight by both the prime minister in canada and the president of france with president trump. he'll get the chance to talk with them face to face for the first time since the tariffs were introduced and since this tete-a-tete began. we'll have the meetings one on one with each leader shortly after arriving should be an interesting day here see how it all unfolds a lot of people are saying as meetings here in canada may be more difficult or rigorous than his meeting planned in cig pore with kim jong-un >> jay gray up in quebec one more question. obviously, fatariffs will be th
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touch word and the big issue it's not the only issue. what other issues will be discussed, worked out, or debated this week snend. >> yeah, andlatter is the key debated. the environment frustrates a lot tleefrds after the president decided to pull out of the paris accord he announced overnight he'll be leaving before those talks get under way on saturday. that he'll have someone here in his stead. also, a lot of these leaders say they want to talk about his decision to pull out of the iran nuclear deal a lot of hot-button and very important yrissues that will be brought to the table >> jay gray in quebec where the sun is already on the rise take care. thank you. let's talk about this, let's talk about trade some of the big recent moves in emerging markets joining us, tim seymour.
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>> good morning. >> you know when we shake the alarm for you at this hour, it must be important. there's a lot going on in e per merging markets. do you believe what will or will not happen this weekend in quebec will affect the global markets? >> if you think about global financial markets right now, we're at the top of a rage this is going to be an acrimonious g7 in fact, the g6 has never been more together. i think the iran deal is another place, where i think, frankly, there's a fair amount of pushback here from the rest of the g7 i'm concerned more really just on positioning think markets are at the top end of a range i think we have had a very, very kind of quiet ride volatility has been low. you add in brazil and some of the other touch points around emerging markets and think global issues are
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important for u.s. markets right now. >> i'm glad you mentioned the b word, brazil that's why we needed to have you on we'll show viewers if everybody has been lost in the trump talk, the trade talk, tariff talk, i get it. there's a lot of other stuff going on at one point yesterday, brazil was down 6.5%. that's the biggest economy in latin america. one of the biggest in the world. what is heck is going on >> the outgoing government has been one of reform and technocrats and people equated with the imf and investors they have had to push flu reforms that are terribly unpopular at home. i don't want to get into if their pension system is totally outdated if it ever worked. markets had a nice rally into this period in brazil.
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we're down 30% over the last 60 or 65 trading sessions. it's an extraordinary move is their economy about to fall apart? i don't think so the trucker's strike brings dramatic headlines i think it will be a painful election process going into october. frankly, i think the brazilians will be more focused on the world cup. >> maybe i'll ask you the same question of brazil as i have asked about italy. is brazil its own story or is it systemic in any way? does it affect others? >> i think investors can take solace in that emerging markets, while they have underperformed, since the start of april, it's been a big, big selloff. if you look ate country by country, this is a case write think you don't see enormous
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correlation in the asset class there's good stories and bad stories. i think that is good you don't see the asset class caves. emerging markets overall is an asset class. i think the global growth story is alive and well. i think copper prices are near 4.5-year highs oil prices near the top of the range. not a bad time for emerging markets. >> it's not an emerging market i want to focus on germany i think you have been right on the money, tim, for the last couple of months you have said watch the german bond market. incredibly boring. but incredibly important deutsch bank is potentially talking about a deal with the second biggest bank in europe. the stock is down to multiyear lows is that a global issue we're not paying enough attention to it's not an emerging market. but deutsch bank is bigger than some emerging markets. >> if deutsch bank was to fail
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this would be a massive global focus. i don't think they're going to i think this is a regional issue. i think deutsch bank also, in terms of the business model they set out to run, one where they have been a lender of last resort, is challenging i don't think deutsch bank is going to improve immediately overnight. it doesn't keep me up overnight. i know it's an easy thing to look to right now. the whole german dynamic, my bigger concern is to the ecb they'll be front and center next week i'm more concerned about the ecb, not because i think there is tremendous dysfunction or they don't have focus where it belongs. i think they have a very difficult xajchallenge ahead of them they need to start talking about tapering and winding down their buying bond program. it's kept yields down. in a week and half, italy has taken all of that out.
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those are my concerns. those are where i think people should be focused. it's a trading range, i think, we're at the top of the range. i don't see why markets need to rally so far >> when something is called basically the bank of germany, we're going pay attention. a lot of emerging markets, even china down 1% in one month we're going to call on you you don't sleep. we appreciate it >> i'm here for you bright and early. >> it's not bright it's just early. >> that's fair >> it's only bright in quebec. topping the friday headlines. another scandal for facebook yet another major privacy issue. kate rogers is here with more. facebook is blaming a bug for
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allows private posts to go public for 14 million users. the bug suggested they make new posts public even if they had restricted previous items to just their friends or other private settings chief privacy officer says the bug didn't affect past posts they said they're note fieing users affected it's just the latest setback for facebook it calls into question a key point that executives have been trying to make publicly. that users have ultimate control over their data. ceo mark zuckerberg testified before congress in frill and said, that's the most important thing we do. facebook says we need to be more transparent. about how we build our products. >> kate rogers, thank you. we'll see you if a bit other corporate news, china's ant financial raising a
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jaw-dropping $14 billion in funding. this puts the private valuation at $150 billion. you may be asking, who is ant financial? they're a giant in chinese money transfer they operate ali pay, one of the biggest payment platforms. other individual stock stories. broadcom te manned for chips and storage making up for weakness in wireless they expect third quarter wireless to be down. shares of docusign are surging. they include the premarket gains. the stock is up 50% since that ipo. by the way, docusign up 10% in extended hours and stitch fix reporting third quarter results that blew past estimates they added more subscribers. also offering now stitch fix
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kids, by the seashore, she said, a platform shoth shop for children they sell clothes for both we're just getting started up next. the retail rebound you have been paying attention to trade we're going to show you incredible turns from america's biggest store stocks is this for real we'll find out coming up and don't believe the hype why this chart, that chart right there could signal the june boom may be ending soon we'll roll on on a friday after this
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welcome back all week, we have welcomed you with gains for your stocks a lot of green on the screen not today. today, future indicating a triple-digit drop at the open lot of trade turmoil global markets in the red. china's domestic market down over 1%. the nikkei down. the german stock market is losing 1% of investor money today. trade concerns italy is still out there we showed you brazil a lot of stuff in the red, but not retail period wheel you have been watching tech and trade, something pretty incredible has happened with retail stocks. we want to show you some of the moves we have seen in just the last couple of days. this week, jc penney up 17%.
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under armour, macy's, kohl's, jumping 12%, 13%, and 14%. the xre is up 5% this week that is double the s&p 500 heck, signet yuskrulers is up 3 percent in 40 days jay rogers hard not to focus on trade and everything going on with trade, italy, deutsch bank. incredible run for many. almost every single retailer is up big in the last couple of weeks. how come >> there have been suggestions that retail is not ending, as we know it. others saying the retail apocalypse is not over you say, okay. the retail apocalypse is
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continuing we're going to see record bankrupt sis and record store closings but there are winners. people like to shop. they do more online than in stores relatively speaking. the trends are going that way. and so, when you look at what's going on, you say, okay, if macy's is not going away, if penney's is not going away, then they're probably trading too cheaply. all these people have started bailing into the retail stock. basically saying they have learned to do on the channel retailing. >> fancy word for the internet and stores i get that you have been on the market for a couple of years and been right. in the past 30 days, folkses 30 days' time, macy's stock sup 33%. amazon up 6% macy's has outperformed amazon by 450% in 22 trading days
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does that mean macy's business is back? or is this a short-term trading-only phenomenon? >> macy's make money in retailing. amazon doesn't macy's is back doing a much better job than they were. they have fixed the inventory issue that they had. they're focusing on narrow cast way rather than broadcasting a good fourth quarter. a good first quarter we're living in the best consumer retailing environment than we have seen in most of our lifetimes. not my lifetime. >> is it that good it's a statement not a commentary on your age the best consumer environment in most of our lifetimes? >> in most of the investing lifetimes. if people have been investing for 20 years, they haven't seen time this is good. the con sirm is not overleveraged. they have a job. the consumer is not going lose
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his job. there are more jobs than people looking for jobs wages are rising gasoline is tolerable. >> it's a great consumer environment. and -- taxes went down people got more money in their paycheck what do they do when they get more money >> spend it. >> they spend it >> it's the american way, jan. we like it >> they spend it at kohl's and nordstroms those companies that have learned to play the game, both online and offline, and doing it wut spending all of their money getting online, are starting to look much healthier to the restale envester >> we heard howard schultz say the stock market is not the economy. i agree. we have seen massive gains if you threw a dart at a retail stock, it's probably up 10, 15, 20% this month
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i come back to the fact. are these companies good longer-term investments? or do you think the short-term money has already been made? >> i think macy's is kohl's nike tapestry i think michael kors is. >> the former coach. >> a terrible name >> i don't think penneys is. they're losing the game. not winning. seres is probably going to -- >> but their stock is up 17% these are gains this week. jc penney is up 17%. >> short-term events why did the market wake up a week ago and say, we want to own all the retailers? when the environment for retail has been good for more than a year at some point in time, the recognition happens. the stories and winners haven't
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changed. the team who looked like they would win. i have been talking about the same companies for 18 months now, right >> you have been right on the mark jan rogers kniffen don't pat yourself on the back too much see you later. still ahead, an out of the world discovery. what nasa just found on mars that could signal life on the planet not matt damon actual life. more on the big celebrations in d.c the capitals taking home their first stanley up ever. congratulations, d.c we're back after this.
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all right. 5:24 the sun is comingup over the nation's capitol you're not waking up you're still up. a lot of people. because of what happened last night in las vegas look at that wow. incredible the washington capitals winning their first stanley cup title ever in the 44 years of the history of their franchise they were tied with the vegas golden knights lars eller scored the go-ahead goal they ran out the clock game five. a stanley cup victory. final score, 4-3 you could see caps all-star alex
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ovechkin holding the cup up over his head in celebration. he's been around he's only 32 feels like he's 45 years old he's been in the league for so long a lot of people pulling for him. after the game, thousands of fans just washing into the streets of washington. this is d.c.'s first major sports title of any kind since 1992 they are rocking in d.c. let's get a check on the other headlines. phillip mena is in new york. >> the guatemalan children air lifted to the united states are being treated in the hospital for severe burns search and rescue efforts are suspended. officials say conditions are too dangerous. there's little chance of finding any more survivors lawyers for colin kaepernick
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are reported to speen ya president trump and vice president pence. kaepernick's legal team is trying to determine if the trump administration had any political involvement of the nfl's handling of kaepernick and player protests. we're one day away from the 2018 belmont stakes. the excitement is growing. as justify looks to win the triple crown you can catch the race live tomorrow on nbc. brian, back to you >> phillip, thank you very much. have great weekend >> you, too, sir ahead, we're going to canada kale la is live with a look at what is coming up. >> hey, brine. the g7 is normally friendly turf it will be a battleground when the president arrives today. we'll tell you what allies are preparing. and why president trump is cutting his trip short coming up. but for cyber criminals it's plenty of time
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twitter trade tirade president trump unloading on some of our biggest allies all before the g7 summit trade fears creeping back on the wall street. stocks could fall today. the story that has everybody buzzing. what nasa found on mars that could signal real life ♪ turn it up it's your favorite
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song dance dance dance to the distortion ♪ ♪ turn it up keep it on repeat welcome back thank you for being with us on cnbc i'm brian sullivan good morning time for your big morning reset. another setback for facebook the social media giant admitting it had a software bug that made private posts public for as many as 14 million users over several days last month. ant financial raising $14 billion in the largest ever single fund-raising by a private company. they're widely expected to have an ipo nerks year. the prooifrt valuation is a stunning $150 billion. and a bigger than expected bailout for argentina. securing a $50 billion credit line from the imf. we're halfway through the 5:00 a.m. hour. stock futures solidly in the red. a drop of about 105 points right now being indicated.
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many of te merging markets, like brazil, dropping yesterday in a big way. a lot of new concerns out there of markets in the red. political news president trump unleashing on some of our closest alice. all ahead of this g7 summit. let's get back to kayla tausche. >> good morning, brian divisions have been boiling over ahead of this year's summit. president trump calling justin trudeau ig dig nant on twitter last night after trudeau and french president emmanuel macron took turns talking about trump in a press conference. angela merkel said this week there is though papering over divisions with the u.s now, it's a stark contrast to the same summit last year, where
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despite disagreements from climate change, the president signed on the a joint communique and abide by a rules-based international trading system this year, questions about to whether president trump will join the statement at all. macron saying the president may not mind being isolated, neither do we mind signing a six-country agreement. trump said to tell trudeau and macron that their tariffs and barriers are unfair. saying he looks forward to seeing both of those leaders today. today there are bilaterals with trudeau and macron president trump will be leaving first thing tomorrow morning to make it to the singapore summit a bit earlier. >> there are reports the president didn't want to go up to quebec city he'll only be there for about 24
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hours in total time. what are your sources kaying can get done in that amount of time? >> well, it's fair to say that the president enjoys being feted when he travels outside the white house. he likes a grand welcome he doesn't like these open one-on-one confrontations. that's what this summit is expected to be officials from the other fashions have said there are going to be grievances aired extremely frank discussions. economic issues that they have taken to heart and are trying to coordinate some sort of response against the u.s. that will put trump in a very difficult position and make it unlikely anything tangible gets done >> kayla tausche, thank you ver much let's bring in ben what do you expect will or will not get done >> nothing will get done >> thanks, thanks for coming on.
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appreciate that. >> have a good weekend, everyone go caps. there will be a joint statement among the six. maybe not signed by the seventh, the united states. there will be a recommitment to global free trade from everybody but us there will be frosty talks between trump and macron and trudeau. it's a remarkable thing we're seeing the united states and president trump battling with two of our oldest allies. more of a mess and nothing will come of it. >> it's friday the caps won we're tired. i don't understand trump and macron are friends but trump is lobbing fireballs at emmanuel mack rcromacron is twitter trump the real trump or is he doing that to please his base behind the scenes, he'll say to macron, don't worry. i'm going to insult you online
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but i like you in real life. >> you but what really matters largely is the stuff he's saying publicly is the stuff that markets are reacting to. we have these trade disputes with some of our greatest allies there's an element of truth that trump goes after allies publicly and is fine with them privately. the twitter trump is the real trump. he's flt a big fan of multilateral trade deals >> i honestly don't think he likes travel >> he doesn't. and kayla alluded to this. he didn't want to go he doesn't like that other world leaders are on the same level as him. >> when it was like montenegro excuse me. i'm coming through >> he doesn't like these type of gatherings he wanted to prepare for north korea. go straight to singapore and do that in this instance, he talked about skipping it and sending
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vice president pence larry kudlow said, you have to go you have to. he's doing it as short, as quick as possible because he doesn't think anything will come of it he's not entirely wrong. at the end tharks say, we love each other free trade >> you do great job of bridging the gap between politics, rhetoric, and money. do you think the market is learning, for the last year, we would have been appalled at the tweets the market may have been down 300, 400 oh, my god, trade fight. do you think the market is becoming innured to it >> i think so. markets say, okay. >> speaking of caps, odd capitalization if the tweets random words are capitalized >> in trump's or caps tweets he should say all caps
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the market is discounting some of it. we have the potential collapse of nafta and trump saying, i need a new deal here. you have to take ate little bit seriously. but blow off half of it. >> how is your son's arm >> it's getting much better. >> metal plate >> a seven-inch metal plate after a bad break. he's well. i appreciate your concern. >> tsa is going to love him for the rest of his life it's kind of cool. ben, thank you very much >> inspector gadget. >> thank you let's bring in michael p pervis you wanted to talk about term premium. i don't know what that is. i'm going to ask you about trade instead. you heard ben's analysis if we don't get something done at the g7, does it change your view on the u.s. or global stock market >> no. there's an analog to ben's point. the market just being jaded by
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this trade discussion. you know, there's a logic to it. the process of the trade discussion unfolds at a -- it's like watching a weird -- kind of boring movie in slow motion. >> and backwards >> it's very hard to actually trade that there's an analog in brexit. a scary headline what's happened over there it's a process that unfolds over quarters and really years. >> our biggest trade partner is canada a lot of it is oil not like mom and pop are buying barrels of oil, i hope if we have trade problems, there is export dislocations from america that could reduce earnings there's a real impact, is there not? >> without question. 1933, is still in everyone's long-term rearview mirror. i think the question that investors or traders have to reconcile is what factor to you
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prioritize and when? we all know trump as the negotiator if it's about the second and third order impacts of how this stuff can escalate and impact and ultimately be deflash natio. there's earnings growth. bond yield meanwhile, central market blowups. italy blowing up >> the underlying store si ri is good for the united states i think traders are right to discount a lot of what trump says in tweets on the belief that he doesn't want to pull out of nafta he knows it would be bad he wants to rattle the saber a lot. he does a lot. a lot of times, trump says a lot of angry things, mean things, gets in fights, in if end, doesn't do all that much that's been true on china so far. he does not want a big trade war
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with the chinese he wants to work with their president. he doesn't want to pull out right as the midterms are happening. this is an understanding of this is a very unpredictable guy that could get angry and do all these things but won't >> he wants a strong market. ahead of the midterms, you want to blow up the economy probably not >> do we need to worry -- the u.s. economy is incredibly strong right now >> yeah. >> right >> the strongest in arguably decades. do we need to worry more what about is happening in europe or about trade? and tariffs? i don't know >> well, you're talking about the italian situation. what if italy says good-bye? >> that is like a process that is going to unfold headline to
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headline over a long period of time to build up a complete bear case on the euro zone italy is one thing the euro zone. the threat of destroying it if 2011, the way we had in 2010 and '11. every attack on brussels makes it a little bit stronger, too, right? if you look at the euro project over the last several years, it's getting battle scars. getting stronger with each one of these things. so i think that is a tough thesis >> great discussion. michael purves ben white. i'm going to call it now belgium might make the finals of the world cup. my grandma, i'm told therefore, go belgium! i like waffles and multilingual countries >> politico is banned over
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there. >> have you bought bread in there in brussels? was the man 6'4" and full of muscles? is there life on mars? what google just pulled from their emoji lineup stick around we're not yolking. take something't you for the most important part of you... your brain. with an ingredient originally found in jellyfish, prevagen is now the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember.
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all right. good morning a good song to start the morning. a live shot of time square
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could be a beautiful weekend for once it's been raining since 2016 time for this morning's trending stories. the great kate rogers is back. >> nasa says the curiosity rover might have found evidence of life on the red planet uncovering new organic molecules on the rocks of the surface. it's the latest evidence that mars could have, at one time, had signs of life. singapore is ramping up for the summit they're serving special food and drink items. one is offering a trump cocktail a layered red, white, and blue drink or a kim cocktail that is just deep red. they're combining burgers and rice in a single dish in a move of unity if you use the pictures to
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text about your eating habits. you might notice a change. google has removed the egg from the salad emoji. >> what? >> the online reaction quick and divide with vegans celebrating the change and many others wondering if it was necessary? >> what is that egg was your emotional support egg emoji. >> i do enjoy eggs in salad. no offense to vegans >> i like eggs on meat on top of leather pants. >> all right so, brian is not a vegan a lottery winner jamaica used one to conceal here identity identified by the first initial and last name showed up wearing a winking emoji mask she didn't remove it even once not to pose for photos with the giant check. i think this is smart. >> yeah. would you want people to know
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that you just came into a bunch of money you got third cousins you have never heard of, hey, was i need money to open up a restaurant no, thanks >> i don't believe there is a redhead emoji. just saying. >> we have to fix that >> i think there is one coming my hair is brown enough to get away with the brown-haired people >> there's no ginger emoji >> no. i think there is one coming. >> get on that have an awe many weekend up next, we'll make you smarter. talk about the key issues you need to focus on next week that don't have to do with north korea or trade and the june indicator why this chart is screaming don't believe the hype
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all right. let find out what is coming up on squawk box. what do you got? >> we have a huge show
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we have been -- becky's right. it's been a heck of a week tom fanning is going to be here. we have house majority leader kevin mccarthy then we have heidi heitcamp. the ceo of price waterhouse. are you a jacques cousteau fan >> i like oceans >> do you know what today is >> jacques cousteau's birthday >> it's ocean day. we have alexandra cousteau his granddaughter. she'll join us >> very cool are you going to talk about oceans water? the loch ness monster, is it real >> we're working on it working on it. that's what we have on tap this
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friday morning tgif >> you to know what scuba stands for? >> it stands for something other than scuba doo >> self-contained underwater breathing apparatus. >> wow you know what? we don't learn much. but we learn something every single day thank you, brian >> andrew, thank you very much alexandra cousteau very cool. never too soon to break out a counton clock. we're five days away from the fed's latest decision on interest rating. joining us is danielle booth next week, all we'll do is focus on north korea, trade. by the way, we have a big fed decision coming up >> we do it's jay powell's second press conference last time, he took 43 of his 60 allotted minutes
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was quick. i'm done let's go b of a is expecting four rate hikes in 2018. joining people thought to be way too hawkish. now it seems to be coming into the main stream. i don't think the market has four rate hikes priced in at all. >> why >> i think the market has started to factor in mario brinking, even though other people obviously >> define blinking what does that mean? if he brinlinks? >> that means he'll allude to december the bigger of the two meetings next week, is the ecbs by far i think he blinks next week. >> who is more important for our viewer and listeners' money. stock market, bond market. who is more important, our federal reserve or the european
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central bank >> right now, the european central bank is more important for the very reason that if they follow through with tapering their purchases, we hit a net negative on quantitative easing. >> which they're staill doing. >> yes >> they're still doing it. they're calm of years behind us. >> a couple. that's an understatement as far as stock market investors are concerned, they don't care who is printing the money, as long as it's printed they want somebody to print it >> what will happen? if you own a -- i know you're not a stock market investor. if you own -- >> we can't all be stock jocks like you, brian. >> if you are the s&p 50 on and watching the ecb with a sideways glance, what are you watching for? what is most important >> it's pretty simple.
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my colleague, peter bookfar, who founded the firm with me he's of the opinion that if dragge blinks, we could push the rally out further. if he pulls back on tarping and -- >> that's good news for our stocks >> there's more liquiddy >> they're priming the pump. >> goldman sacks cahs came out e beginning of the year and said liquiddy ty is the new leverage. as long as the spigot is open wide, stock market investors are happy. >> we always say, don't fight the fed. we should say don't duke it out with the dragge? >> it's global it's looked at in the aggregate. i think powell is going to suggest next week we could have december on the table. and remember, after italy happened, and blew up, which, by
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the way was the catalyst for taking september off the table now september is fully back on the table for the fed. again, you have to look at this wholistically. the whole liquidity wave across all borders. the fed on wednesday >> trump on tuesday. >> we -- >> it's a huge week. >> a huge week >> danielle demartino booth. thank you. >> thank you odd stats and yahoo! finance. the s&p 500 up 2% in the first few trading days of this month it's only happened eight times in the last 67 years and of those, four of them this the past 30 years. it's very rare the rest of the month, the s&p 500 has only risen 2 of the last 8 times. history says that when we gain in june this early, we gain
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early. and then we sell off for pretty much the rest tofhe month random but interesting i'm giving a speech on monday. i'll see you tuesday "squawk box" starts right now. what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley
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good morning, president trump sounding off on trade. tweeting a warning to our trade partners ahead of today's g7 summit in canada we'll bring you a live report from quebec. which used to be, um, i mean, canada was all about hockey, right? what the heck happened more privacy problems for facebook the company exposing a bug that may have fooled users into making private posts public. and d.c., man, it's party time in washington the capitals defeated las vegas. they made a good run, you gotta admit, for gnaw team
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but winning the stanley cup. it's friday, june 8, 2018. "squawk box" starts right now. ♪ i'm invincible unbreakable ♪ live from new york, where business never sleeps this is "squawk box. >> good morning, everybody welcome to squawk box. we're live from the nasdaq market site in times square. i'm becky quick along with joe and andrew let's look at the equity futures. you're going get a quick look and see that there are red arrows across the board. dow futures down by 119. the dow was up yesterday close to 100 point not the case for the s&p or nasdaq tech stocks leading the way lowther time around. nasdaq down 54 yesterday now indicated down at 60 points. let look at

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