it's 5:00 a.m. at cnbc global head quarters, here's your five 5 at 5:00. >> wall street buzzing after tesla's owe lon muelon musk says considering taking it's a company private. >> mickey misses disney with weaker than expected results. >> and the biggest wildfire in california explodes in size. china reporting a surge in exports as the white house puts the finishing touches on a new round of tariffs. and china has the world's

biggest ipo in two years we'll tell you how china tower did in their big debut it's wednesday, august 8, 2018 "worldwide exchange" begins right now. ♪ good morning welcome to "worldwide exchange." i'm dominic chu. brian sullivan is off today. here's how your money is setting up stock futures indicating the dow will open by 20 points to the upside relatively calm so far the s&p 500 is up by 1.5 and the nasdaq up 6 points first tesla's ceo elon musk rocking the investment world in one single tweet tweeting yesterday am considering taking tesla private at $420. funding secured.

musk adding a final decision has not been made. his tweet comes on the back of a bombshell ft report that saudi arabia's sovereign wealth fund built a $2 billion stake in tesla. we'll get shareholder reaction in a second. first let's get to the man who blew the lid off of this story joining us is arash masudi. i remember when this came out yesterday. tell us what you know so far about this saudi investment in tesla. >> thanks. thanks for covering that the way you did yesterday. so i've been looking into this for about six to eight weeks i've been hearing things in the market that someone had taken a position in tesla. i was trying to piece it together we got it stacked up yesterday we went forward with our story and this whole chain of events started. we know crown prince mohammad

bin salman who is overseeing the sovereign wealth fund, the guy pioneering the attempts to list the saudi aramco state oil giant, and a series of other moves, including putting $45 billion in softbanks and vision fund, he took this investment and controlled it and demanded that it happen after his trip to the u.s. in march. we don't know exactly, but it looks like it was in the april, may, june period jpmorgan morgan chase did the deal through secondary markets it's between 4% and 5% i did not have the exact figure. i felt it was better to provide a range. that's what happened we put the story to tesla. elon musk. we reported in our story that musk was aware of the saudi stake. so it wasn't a surprise to him he knew they were a shareholder. but our reaction to the story was, you know, the stock would

probably go up but his reaction to come out with a tweet after not commenting when we went to him for comment, that unleashed a chain of events we did not expect >> the nuance, this was a secondary market transaction, so this was not a fund raised by tesla. they took the stake in the open market they built up that stake also this speaks to this idea that elon musk says he has funding secured for a possible buyout of the company. is there an indication that it could be the saudis or a group of other people out there who will pony up that money to take tesla private? >> it's possible cnbc and the ft both reported it looks like nobody on wall street was aware of this. how do you do a mega lbo without wall street being aware. that's a bit of a question that we'll have to resolve in coming days yes. the saudis have discussed this

wi since making the big uber investment in 2016 that was the first big move by mohammad bin salman, it predate tpredated his move with softbank what's been discussed in those meetings we don't know per se when i reported the story yesterday i had no indication or reason to believe that the saudis were talking about a bigger investment in tesla i just knew they were sitting below the disclosure threshold and they put it together in the april, may, june period. whether there was a discussion about further funding, my sources did not indicate anything along those lines >> sounds like this story is still developing we'll see if elon musk has a plan for that secure funding round. thank you very much, arash let's get some shareholder reaction to the bombshell tweet. joining us now is tasha keeney

tasha, it's fair to say that ark has been a fan of elon musk and tesla. does this tweet and does this memo log from elon musk surprise you in any way, shape or form? >> i will say that as public equity investors, we would prefer if it was public. we are not surprised to hear that musk is frustrated with the short-term nature of public equity markets we've heard him on earnings calls get frustrated in the past ark is a long-term investor. we think this is a long play tesla is a leader in autonomous electric vehicles. if you look at the price of this, 420, we think that tesla is worth much more today we think the stock could go to 4,000 in the next four years

thanks to autonomous driving and autonomous ride hailing platforms. that means the stock is worth 2,000 today. so we think this isa underappreciated opportunity >> if the option were posed to you guys, would you vote in forgave e favor of this deal >> you know, as public equity investors, we would be happy if it were to stay public i think the stock to look for here is amazon for a long time i investors were really on amazon for not making enough in earnings jeff bezos persevered, put his head down and he's been rewarded so we think the same could happen for tesla if it were to stay public. >> tasha, you bring up an interesting point. there are other ceos through

modern market history that had to deal with what they call short-sighted investors, short sellers. they needed time to develop business models, the runway to make it an amazon.com. what is it that elon musk lacks? what is it that he can work on to put him in a more positive spotlight with regard to public market investors out there he's not the only ceo who deals with the things he's talking about now. >> we're seeing some positive signs. you know, i mentioned the autonomous driving opportunity if you look back a year ago, nobody was talking about this. the past quarter musk highlighted the autopilot team on the earnings call we're getting more analyst questions on this. we're seeing analysts value other autonomous driving projects like waymo. so we're seeing some numbers being assigned to the market we think autonomous driving is worth 2 thririllion globally, n

much of it is accounted for. we think eventually the numbers will pull through. in the next year we will see waymo launch in phoenix. in the next year or two we expect tesla to launch we think the story will play out. it will come through in numbers. eventually investors will reamize thream i -- realize that opportunity >> one short seller, jim chanos, he said the short position is the best thing the stock has going for it musk versus the shorts is a far better narrative than tesla versus mercedes or audi or porsch porsche. >> i think when you compare tesla to other luxury quarmakca, you have to keep in mind it's a technology company it's not an apples to apples

comparison tesla is the only automaker able to enable over the air updates that affect performance of the vehicle. they have an unrivaled data library for autonomous driving they collect data from every customer on the road we think tesla is two to years ahead of others on many fronts we think that comparison, those traditional automakers, tesla set the mark here. they're trying to catch up we think they're in a great market position today. >> it is certainly a lightning rod of a stock elon musk is a lightning rod of a founder. thank you very much, tasha. let's turn to the other top corporate story. shares of disney moving lower after the media giant reported weaker than expected quarterly results. the company missing on the top and bottom lines as programming costs did surge, but the studio

revenue did jump thanks to strong box office performances joining us now is porter bibb from media tech capital partners porter, you and i talked for years now about disney and the media company in general, just the media landscape. i remember a time when disney was about espn these days we're focusing more on those studio operations is that the right paradigm to look at disney >> you're right. it's been years. espn was the driver for disney for a decade or more that has -- that is over today the cord cutters, 33 million cord cutters in the last 12 months, versus 27 million a couple of years ago. espn has really been hit hard by the changing media landscape

but i think there is some life left in the game disney now today is going to put a new bid in for sky, which they own 30% or 49% of sky with the fox assets that they just acquired and they will want to own all of it it gives espn a global footprint. it also adds some very, very significant sports rights, mainly the premiere league, but formula one car racing and a number of other rights that sky owns and that's going to jump start espn and put it back in the game >> porter, let's talk about the point here disney's strategy. it's made a lot of investments in the studio side of things the theme parks are doing well lay out for us, if you were bob iger right now, what is the path forward for disney

how does the next year or two shape out in terms of how strategy takes form. >> he's been a little bit late to the game in the sense of recognizing that shift in the media distribution pattern that everybody else is now jumping on to he's going full bore, direct to the consumer that is going to be precipitated by the 2019 launch of the disney streaming channel, over the top channel. a sleeper is hulu, which he's going to use, he'll put family oriented content into the disney channel. that's got the nickname of disney flix to take on netflix hulu will be an adult and art

house edgy film and television content distribution channel hulu has 20 million subscribers already versus 80 million for netflix. he will ramp that up and do the best that disney can to compete with netflix and the other streaming services that's a problem for disney. you have amazon. you have apple you have google. yesterday jeffrey katzenberg announced newtv. another streaming service. can disney with the world's best cache of content compete that remains to be seen. >> certainly a hyper competitive environment in the media landscape for sure disney is a big player in it porter bibb, thank you very much for joining us we are just getting started on "worldwide exchange." up next we're talking pizza, dating and disappearing messages three big stocks that need to be on your radar. and later one of tv's most

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however snapchat's daily user rates declined for the first time which was attributed to the redesign of the app. the saudi prince disclosed that he did buy shares in snap. papa john's says it is slashing its earnings outlook for the year. match group's second quarter results beat forecast and they are raising full-year guidance tender signed up 3,000 new users. feeling the love from investors. >> match group after my time, i guess. let's turn back to the broader markets. futures are hovering, marginally positive the dow jones would open up by

13 points at these levels. the s&p by 1 point the nasdaq by 6. so we're a stop's throw away from record highs in the s&p and nasdaq, a hop away for the dow jones. joining us is steve checerverone there have been so many reasons why this market should be bullish. we're there, near record highs again. it's taken a lot to get there. why is the market not letting go and saying corporate earnings are great. we should be at record highs again. >> there's been a tension between what have been fantastic fundamentals, from a strong labor market to incredible earnings market. you had a carrousel of concerns. we have thrown everything you could throw at this market inflation scares, facebook privacy scares, flattening yield curves, trade wars markets are still standing

we think we're set up for a good back part of the year. >> good pack part of the year. a midterm election your. we talk about the cyclicality of that we talked about the corporate earnings driving markets, also trade and tariffs, the fed, central bank stuff of those three, which is the most important, and which will the market pay the most attention to >> we sounded like a broken record, but it's earnings. earnings are not just good they're great. they're growing at the fastest rate in eight years. revenue at fastest rate in seven. the number of companies beating expectations in q21 the highest on record. these are truly good earnings numbers. every day the market stays flat, the market is getting cheaper. one thing that's dangerous now is there's a gentile notion that we all know recession is coming in two years, we'll slowly make our way there. that's not how recessions work

recessions occur when we're euphoric look around. no one is euphoric yet inflation will expect markets will melt up then we will lay the ground work for recession later on >> so you're a portfolio manager who puts money to work how do you strategize? what's the game plan for how you lay out investments? >> from a stock versus bond perspective, we came in thinking this would be a strong start for the year, a lot of reasons for concern in the middle months, we entered the year roughly 50% overweight equities, bumped that up to 80 we took some of those chips off the table earlier this summer. and we expect to put them back to work in the back half of the year as the inflation numbers continue to be benign, the fed stays measured and earnings continue to come through steve, thank you for that.

still ahead on "worldwide exchange," a crisis in california the biggest wildfire in the state's history. it's continuing to spread. cnbc's aditi roy is on the ground in california with the latest >> we are at the base camp for the mendocino complex fire thousands of firefighters are on the ground here. the latest in a live report. why did i want a crest 3d white smile?

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welcome back to "worldwide exchange." a maim ermajor story out of cala the biggest wildfire in that state's history is still growing. aditi roy has more what do we know now? >> we are at the staging area of the mendocino complex fire as you mentioned, it's the largest wildfire in california history. it's almost the size of los angeles. the city of los angeles. it's growing it's made up of two fires. the ranch fire and the river fire the ranch fire is the larger of the two. the entire fire complex has engulfed more than 292,000 acres, it's 34% contained. 10,300 structures are threatened 75 homes and businesses

destroyed. 13,000 people have been ordered to evacuate. 8,000 have been advised to do so fire officials tell us the weather conditions combined with the remote location of most of the flames make it a tough firefight. >> it's been a challenge for us to get our crews in there because it's like in a mountain range, in a ridgetop so we're still currently trying to get good active containment line in those areas. >> there are nearly 4,000 firefighters at the scene. they are dumped more than 100 million gallons of fire retardant on the scene a massive show of manpower and resources. >> i know you'll bring us the latest on those developing stories out of california. please be safe still ahead on "worldwide exchange," a towering debut. the world's biggest ipo in two

years is taking center stage this morning we'll tell you how it did. and later getting saucy. the internet feud that has pizza lovers all fired up. we'll explain, but first as we head to break, a look at the big dow winners and the big dow losers in the premarket. stick with us on "worldwide exchange."

wall street pointing to a higher opening as earnings take center stage. a bombshell buyout tesla shares on the move after elon musk says he might take the company private. and one of tv's most iconic homes has a new owner. we'll tell you who bought the brady bunch house. it's wednesday, august 8, 2018 this is "worldwide exchange" on cnbc ♪ welcome back to "worldwide exchange." we have a lot to get to. let's check the top headlines. landon dowdy has those >> let's check out what's leading cnbc.com elon musk says he is considering taking tesla private adding a final decision has not been made shares jumping yesterday on that news they are down slightly in the premarket. shares of disney moving

lower after the media giant reported weaker than expected quarterly results. the company missing on the top and bottom lines as programming costs surged but disney's studio revenue jumped 20% year over year thanks to strong box office performances and china tower shares were little changed on their debut in hong kong this morning the muted performance is blamed on escalating trade tensions weighing on global investors china tower's ipo is one of the biggest in two years >> didn't have quite the fireworks that alibaba did >> let's check the other top headlines outside ochthe world f business >> it's still too close to call in ohio. the special election in the state's 12th congressional district is neck and neck with democrat danny o'connor trailing

troy balderson the winner will replace republican representative pat teberry who resigned. a frightening crash on saturday a speeding white lexus there slamming into a disabled pickup truck stranded on a toronto highway. no one was seriously injured. matthew perry is recovering from a health scare. a rep for the 48-year-old revealed he underwent surgery for a gastrointestinal perforati perforation. perry asks for continued privacy as he heals. dom, back to you >> thank you very much for that. >> let's turn back to the market action futures indicating a higher open the dow would open up by 15 to 20 points if these gains hold. you can see they're up by 5

points the s&p up by 1. the nasdaq up by 4 to 5 points in asia we saw a bit of movement there. landon told you about the big ipo for china tower. the hang seng is up by a half of a percent. the shanghai composite is down by 1%. in the european side of things, the dax off by 0.2%. the cac in france off by 0.1%. the ftse 100 up by a half percent. let's bring in michael gapin to talk more about what's happening on the economic front. is the economy right now as good as people think it is? we have good jobs numbers coming out. we have decent manufacturing data but we have a trade overhang how does it all balance out? >> i think underlying momentum

in the economy is strong right now. we have solid growth in private consumption and federal spending a lot of national defense spending was kicking in. you mentioned tension with trade. some potential clouds on the horizon. concerns about protectionism remain just that, concerns the incoming momentum suggests the economy is doing well. we don't expect it to stay there. we expect it to moderate a bit in the second half of the year we think growth will average 3% in the second half >> michael, many of the ceos during the earnings season have made mention of the trade and tariff issues, and how they could play out nobody is making a huge call yet because it's tough to model it out. at what point will we start to see the resolution of this what signs you are looking for that these trade tensions and

tariff issues will have an effect on the economy overall? >> in the near-term what i would look for is what i'll just refer to as the indirect effects it would be do we get enough policy uncertainty such that equity markets take a tumble there's concerns that earnings are reduced. the business sector says i'm not quite sure what's happening. let's delay some of these capital spending and hiring plans. so i think it will be more of these indirect confidence related channels that would suggest trades having an impact. it may be just the case that we're gradually moving into an era of greater protectionism along with some of our trading partners that doesn't necessarily mean a recession, but just lower average growth over time i would say we don't know yet. in the near-term i'm just looking for some of these confidence channels to signal whether or not current policy on trade or whatever the new tariff of the day is is having an adverse effect >> speaking of current policy,

we want to talk about the fed. we have an expectation of what the fed is going to do in terms of rate hikes throughout the course of this year and next year is the current fed policy the right thing to do given what we're seeing in terms of trajectory for the economic recovery, economic data, the soft sentiment data, all of that is the fed doing the right thing right now? can it continue to raise interest rates >> i'm sorry, i don't -- i didn't hear your question. i lost contact >> all right can you hear me now? michael gapin, i think we lost michael. we want to thank him for bringing those views the central bank question is something we'll address throughout the course of the day, months, weeks ahead time for the top trending stories. landon dowdy has those there's some good ones >> we have some iconic news, food news. you'll be hungry by the end of

this >> i always like cold pizza. >> don't give it away. >> you right remember us telling you the brady bunch house was up for sale it has a buyer television network hgtv put up the winning bid. they will restore it to its 1970s glory. they beat out former 'n sync member lance bass. there are no hard feelings he says he is excited to see how the network transforms the property they were usually just filming the outside shot of this, but they'll actually restore it. >> so this house only has a couple of bedrooms >> once you think about it, the kids all shared rooms. so they did live in just three bedrooms >> that's a good point now that i go back to those reruns in my head. the house looks much bigger in the studio setting >> completely. >> listing price was 1.8 million. lance bass said he way exceeded that >> the reports were also that he was told to not to try to yoit

bid t outbid the other bidder. who knew something as loved as pizza could be so polarizing. the u.s. pizza museum will open this friday in chicago the home of deep dish pizza but the location is causing conflict fans of new york style thin crust pizza say the museum should be located in the big apple saying deep dish is not really pizza at all. >> how do you fall on this >> i'm a thin cruster. >> i do like thin crust, but there's something to be said for a chicago deep dish. >> a lot of bread? fat? >> for those people out there, if you have not tried chicago deep dish pizza, it's a pool of sauce in a chick crust kind of pizza. i like that every once in a while. >> i don't discriminate at all >> you have more food. >> more food happy national fried chicken and waffle day and national zucchini

day. and national frozen custard day. if you want to enjoy all three of those in one of the strangest meals of all time, there are tons of freebies to be had $5 off a fried chicken and waffle meal deal, at noodles & company snap up zucchini noodles. and for dessert, tons of choices with free or discounted custard tweets at dairy queen, rita's and many more. i know where we're going >> my wife worked at dairy queen at one point in her life >> dipped cone gets me >> sprinkles just dipped cone >> dip cone, blizzards >> i'll have all of those at one point today. >> pizza >> landon dowdy, thank you very much for that. still ahead on "worldwide exchange," trump, trade and tariffs. investors closely eyeing the next steps from the president

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♪ welcome back to "worldwide exchange" and some guns n roses. it's 5:42 a.m. on the east coast. you're looking at a live shot of the capitol building "paradise city." great song president trump hosting dinner with several prominent

business leaders last night. among the attendees fiat chrysler's new chief, michael manley, dennis muilenburg and alex gorski. the u.s. is also finalizing its next set of china tariffs. the new tariffs will go into effect august 23rd joining us now is ben white from politico host of the politico money podcast and a cnbc contributor ben there are so many things to get to and so little time to do it let's start off with the first thing on the list, the big dinner president trump and business leaders, what should we take out of that process? >> i think it's president trump trying to show ceos who abandoned him after charlottesville a year ago are coming back, willing to meet with him, talk about the economy, tax cuts and tariffs and trade. i think shg, you know, the takey

is trump is engaging again with these high-level ceos. >> we had story yesterday about how some study says companies should not talk about president trump period, because it could lead to no good. that aside, there are other issues at play with the china trade and tariffs discussions going on the next tit-for-tat in that whole scenario has come up how is this playing out now. do we have a sense that the business community will feel a bit? >> i think not just on the 16 billion that's coming up, but if you get into the 200 billion, and then trump talked about 500 billion, businesses are feeling it in steel and aluminum you see a lot of local

headlines. in south carolina there's a story about a manufacturer laying people off. republicans are not really going to like a lot of these local headlines showing that the tariffs are impacting smaller companies, smaller businesses. small business are feeling the heat from these tariffs. those are tough headlines for republicans. >> we have a big midwest special election in ohio it's not going to play out markedly, bay thecause they hav go back during the midterms again to elect somebody else what does it signal that this race is too close to call? >> it's a wake-up call for republicans. this is a district around columbus that's been republican -- >> for po pl30 plus years. >> yes the fact that democrats made it this close should remind republicans that they have a

difficult playing field in the fall there are other more friendly districts in the suburbs where some republican dovoters don't love trump and the democrats can pick them off. >> just a couple moments left. i've been told it's the economy stupid as we head to the midterm elections. is the economy good enough now for president trump? >> i helpful, the environment for republicans, and trump can talk about it. but the macro numbers are not translating on the ground to momentum for republicans you have 4.1% growth 3.9% unemployment. real wages not going up. people to the feeling great about the economy. midterms are always referendums on the president trump's approval ratings are low. he will be a drag on some candidates >> so how do you see this playing out then in the midterms, where will we be watching closest for that battle to play out between

republicans and democrats on the economic agenda? >> i think you'll see it play out mainly in suburban districts around some of your bigger cities, where there are moderate republicans who are kind of in trouble, who trump is a drag on and the economy is not necessarily going to push them over the top people are voting on trump and what they feel is damage he's doing to the country and to our general perspective in the world, and i think that's where you will see it. you'll see it in suburban districts where moderate republicans are in trouble fbl ju >> just like what's happening in ohio right now ben white, thank you. still ahead, twinkies tanking. shares of hostess brands are in the red. and we'll tell you about the one part of the market that's red hot during the month of august but first, as we head to break, a look at the big dow winners and losers in the premarket

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welcome back to "worldwide exchange." we are just now -- now we can say it, it's 4:50 a.m. in chicago. a live shot of the windy city. it's still dark out there. days are getting shorter your big individual stock stories now include sales force. the company promoted president and coo keith block to the co-ceo role giving him shared leadership with chairman and co-founder marc benioff. block is largely focused on the operations of the company. novo nordisk's second quarter earnings in line with forecasts. they say they won't raise prices in the u.s. the rest of this

year shares are off 5%. and hostess brands second quarter earnings beat estimates, revenues came up shy the maker of twinkies is cutting its earnings outlooks for the year citing inflationary pressures and lack of promotions in other corporate news, amazon is launching curbside pickup at whole food stores. amazon can place orders by the prime now app, have them loaded this their car when they arrive. that service is available in sacramento and virginia beach with plans to launch in other cities later this year pick up in an hour is free with orders of $35 or more. cigna is calling out carl icahn. icahn says the proposed merger

with short sighted we'll hear much more about this from cigna's ceo, he will be here on "squawk on the street" today at 9:40 a.m. eastern time. a huge interview you will not want to miss let's turn to the broader market action. we have futures indicating what would be a slightly positive open now the dow jones up by 6 points the s&p up 1 the nasdaq up 4 points stability in the markets is the theme of the day let's bring in kathy lien. we are approaching stock market record lhighs right now. it seems like risk is off the table. the vix is falling again any sign out there that this particular move in the markets is perhaps just a head fake? or can we believe the bullish narrative? >> i think volatility in the markets is relatively low. that makes me wary particularly in light of the uncertainties in

the global environment i'm not the only one expressing these uncertainties. central banker the are worried about how some of the trade tensions and other factors could unfold including brexit and different scenarios. so i think the fact that volatility is so low, particularly in the month of august, really it raises some red flags. there's been previous augusts which had very big end of month breakouts. the risks are there because headlines could go either way over the next few weeks. i do not believe this is a representation of the stability going forward. i think that this definitely raises more red flags than anything else. >> the vix below 11 is one thing. let's look at other parts of the market you're watching for signs of a possible hot august could it be in the currency markets, could it be in the fixed income markets where are you looking for signs of volatilitvolatility

>> it's a bit of both. these days we have to watch the chinese government and what they're doing. previously they took measures to perhaps reduce the volatility as well as the strength -- weakness of the yuan. today the yuan continues to weaken you have to watch that curve carefully. that's affecting all of the markets. japanese bond yields they have been quite firm. i think if we see a sharp jump in jjb yields, that could affect currencies as well as equities as markets look to see what those central banks will do next >> central banks are a key part of the equation. is there a view about which central bank will have the most impact on the markets in the coming months? will it be the fed will it be the ecb will it be the boj, boe? which are you watching the closest for signs that it could be a market catalyst for everything on the macro side of things >> the federal reserve is the

only major central bank expected to adjust rates in september the possibility of a rate hike from the bank of canada before the end of the year. everyone else is happy with where things are we had big meetings earlier this month. we did not see that kcause a significant increase in volatility the question is not what will the fed do in september, but what will happen next. >> we are seeing some pound weakness this morning. right now you're looking at u.s. treasury yields. the ten-year moving to the down side the pound note, 1.290 i 1.2902 presumably this has to do with brexit can we continue to see that pound weakness play out because of brexit fears? >> i think so. they raised interest rates this

month. they're not expected to do anything else this month or this year in terms of monetary policy so that's allowed those brexit concerns to return mark carney, the central bank governor came out and said the risk of a no-deal brexit is growing. we're hearing a lot of that chatter from uk policymakers they're laying the ground work for the possibility of the talks extending beyond march 2019. i think investors and business investments are being negatively affected as a result you're seeing sterling trade pretty much right around 129 i think probably there's going to be more weakness until we get good news. i don't foresee any good news in the future with that in mind, sterling weakness is good for the economy. it's good for inflation. so we definitely have to keep an eye on the data set and government central bank comments if the brexit headlines improve. >> got you kathy, that's a lot of ground we covered. thank you very much for joining us on "worldwide exchange.

that does it for the show. a lot of stuff coming up on th'squk x. at next. keep it right here world. world. ♪ ♪ the one in three dimensions. ♪ ♪ so they can look up and see the place they live. ♪ ♪ and prove that the real world beats a post. ♪ ♪ ambitions live everywhere. synchrony helps make them happen with customized rewards and financing available at over 350,000 locations. synchrony. what are you working forward to?

good morning a bombshell tweet from elon musk that you undoubtedly heard about now. the tesla founder says he's considering taking the company private. i need to ask andrew if anyone writes a biography of elon musk, it's andrew disney shares falling after the company reported a miss on the bottom line, but studio revenue surged on the strength of the avengers and the incredibles franchises oh snap.

snapchat's redesign cost the company millions of users, then they did get a vote of confidence from the saudi prince to the tune of $250 million. it's wednesday august 8, 2018. i love this new schedule i have. i work every other day now "squawk box" begins right now. ♪ live from new york where business never sleeps, this is "squawk box. good morning welcome to "squawk box" on cnbc. i'm andrew ross sorkin along with joe kernen. michelle caruso-cabrera is with us today becky is is off right now. a look at u.s. equity futures. the dow looks like it would open higher, 9 points nasdaq up