it is 5:00 a.m. on the east coast. doubling down. turkey launching another round of tariffs against the united states the rout continues asia tumbling again over night a big bet on the shale oil revolution the 9$9.2 billion deal that nees to be on your radar. warren buffett and berkshire hathaway making big beth bets n apple, airlines and goldman sachs. and a billion more reasons why jeff bezos may be taking over the world on this wednesday, august 15th as "worldwide exchange" begins

right now. ♪ let's have a little talk good morning thanks for starting your day with "worldwide exchange." here's how your money and global markets are setting up the day dow futures, s&p, nasdaq slightly down. not a big guidance here. but they have seen a change. ten-year yields, they are still hanging below that 3% mark in fact the ten-year yield is at 2.89%. turkey concerns have the bond market getting a bid over the last couple of weeks the good news is that that should help keep mortgage rates in check by the way, they are at seven-year highs in asia, as we eluded to, it was a sea of red once again the domestic chinese equity market, the shanghai, was

the big decliner, down 2%. shenzhen down 2% these markets are both down more than 20% from their recent highs. hang seng is down 1.5% the nikkei falling 0.7%. we'll get more on this story from singapore in a moment european stocks going the opposite way the bigger market there's are higher germany up 0.2%. uk down a bit. the dax is the one market you want to watch. the one big number to focus on today is 6,000 bitcoin broke below it yesterday. a big reversal this morning. bitcoin is up to 6,428 but that 6,000 mark is the line in the digital sand, if you will even if you don't care about the cryptos or bitcoin, remember that there's a school of thought that the cryptos might be

leading the stock market so we'll have more on the cryptos and that coming up back to your top story and the continued saga with turkey its president digging in and doubling down. he's now announcing he is jacking up tariffs on american made cars, alcohol and tobacco the turkish lira is holding on now making slight gains coming off its nearly multi-year low a couple days ago. let's get more on the latest headlines and reaction willem marx is joining us from istanbul >> the official gazette here in turkey included these new tariff numbers. there was a long list of products rice, fruit, they're at 20% and 50%. cars there, they'll face 140% tariffs. pretty significant number. cosmetics, fak tobacco at 60% in terms of the global trade numbers, and the trade between

turkey and the u.s., this is small fry. f tobacco has about $50 million worth of product coming from turkey to the u.s. that's in the context of more than $22 billion worth of trade in goods and services between the two countries. other news out of here at the center of this dispute between the u.s. and turkey is the status of the american pastor, andrew brunson had a chance to talk to his lawyer a few moments ago who told me his request to have his house arrest lifted has been denied by a criminal court he has not said whether he will appeal we could expect further reaction from the white house because of that. >> the pastor is one of the political negotiating ploys here that is something that is outside the economics of it all. going back to the economics, to your point we're seeing these tariffs increased on things like american electronics, cars, a alcohol and tobacco, but these

are not huge imports into turkey from the united states, are they this is a lot of stuff that's digging in the heels by erdogan, but the mick economic effect mae muted. >> it's in line with what he was saying yesterday about boycotting the iphone in terms of the opportunity to buy local product here they're running on android. so it's not that much of a difference in terms of the impact on america. this is just rhetoric that he's taking action against a country that he is describing as a global bully the banking wreregulator has isd some restrictions on banks and their ability to carry out foreign currency transactions that exceed more than 25% of the overall capital. i have been speaking to people here about what that would mean they say that would long-term impact the lira negatively and impact the ability of businesses here to borrow money from banks. it could also raise the cost of

deposits in the currency people trying to keep their money in the local banks >> willem marx in istanbul, thank you very much. you may be hearing a lot about turkey and wondering why do i care? what does it matter to me? it's the 17th largest economy in the world. not small but not a heavy hitter globally there's a number of reasons why turkey may matter to you and your money let's walk through them. number one, something probably the biggest thing we've talked about, the potential for a currency crisis. arguably turkey is in one. whether or not that affects other currencies is a different issue. the turkish currency, watch that 7/1 mark lira to dollar. that's the point people are watching number two, local oil prices this has to do with currencies a lot of peep donople don't caru currencies per se, but when oil is priced in dollars and we see the value of currencies fall, it

means locals now have to spend more of their disposable income on things like gasoline and oil. the emerging markets spillover is number three. we talked yesterday about how the south african rand was seeing a move. the indonesian rupe as well moving number four, banks and debt. we're already seeing some big global banks unicredit, bnp paribas, those stock prices have taken hits they're some of the biggest banks in their country if their capital goes down, one wonders if they will lend less which could spill over to their growth economies and this thing we talked about with tariffs watch the trade war. not a lot of heavy hitters in trade between the u.s. and turkey, but it's symbolic. five reasons why you need to watch and pay attention to the

turkey story let's bring in james lew from clear n clearanomics when you look at your models, how closely are you paying attention to the story. >> we're watching the contagion effect all the investors are worried that turkey could spill over to emerging markets >> do you think it will? >> we think it will be contained. we seeing some contagion effects with fragile emerging market currencies, but the economic impact is limited. this is not greece or brexit we're not calling into question the solvency of eurozone players. this is not china like we had scares in 2015 we're not talking about the broader fragile five complex

that we saw in 2013.merging marg we expect about 13% earnings growth and turkey is an important country but it won't derail that trend. >> currency crises become political crises which can become banking or financial crises about half of turkey's current account deficit is owned in currencies outside of the lira isn't that the risk? not saying it will blow up but if you had to say what's the biggest risk, it's not to turkey, toys banks like bnp paribas. >> it's possible the risk right now in this narrative certainly is specific to turkey. it's the fact that they have a currency crisis, their central bank wasn't defending their currency there's things they could have done to stem that tide more broadly speaking, the question is does that trickle over into other currencies on a widespread basis we think the answer now is probably no. because the underlying

fundamentals for many of these countries are still strong the dollar strengthened which caused this problem initially. we think the dollar could stabilize from here. >> how strong are the underlying fundamentals for the united states >> united states, it's the beacon for the markets we have significant earns growt earnings growth. economic growth is strong. longer term we think that a lot of this is priced in the u.s. is trading at fair value right now. we think earnings will continue to be strong but long-term, after we get past this, international markets we think is where the value will be >> where is the u.s. economy right now on a scale of 1 to 10? >> probably 8 or 9 right now this is as good as it probably gets one quarter of over 4% gdp growth unemployment is at record lows

this is pretty much as good as it gets. >> you won't give the a plus you'll give the "a," but you won't give the "a" plus. >> thank you very much. we have a big deal in the oil and energy space to tell you about. diamondback energy is buying rival energen for 9$9.2 billion all-stock deal but it does include a bit of debt. this is diamondback's second major deal in the permian in the last week. on thursday it agreed to pay 2 $1.2 billion for ajax resources. fr the biggest names on wall street continue to pile into the big cap tech names kate rogers joins us now with the details. we are getting a snapshot of where some of the big the investors are putting their money to work with their quarterly 13fi filings

warren buffett is loading up onnal. adding 12.4 million shares berkshire has largely avoided investing in tech, even during the run up in the sector in recent years, but one exception is apple which buffett has said makes a consumer product he can understand george soros piled in popular tech names taking stakes in apple, facebook and twitter but trimming amazon. he also invested in spotify. shares are up since he joined in mri april. appalossa cutting stakes in facebook and alphabet by 10%, and reduced shares in alibaba. >> we have the diamondback and

this you have a story coming up can you give us a tease? >> we have our own quarterly optimism survey. we'll tell you where we stand. i think you might have a clue. we talked about it yesterday our findings reflect some other recent optimism. >> kate, we'll see you in a minute we are just getting started. up next, we'll head live to asia market there's taking another hit. report from our singapore office coming up. and later on, just shop until you drop retail stocks have been on a te tear what is driving this incredible rally and are there still bargains out there not jeans, scktos for you. we'll find out coming up causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain

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i am going to vote for ok, showmyself using nothing but this remote and the sound of my own voice! vote for... -wait, wait, wait. that's not a talent. any xfinity customer with an x1 voice remote can do that.

watch this. i want to vote for... obviously not you. ooh, that guy. cast your votes during every live show. just say "vote for agt" into the x1 voice remote. good wednesday morning thanks for being with us on "worldwide exchange. stock futures are a bit in the red. it's down 40 on the dow. the nasdaq down 5 points a bit in the red not much to hang our has the on. treasury bonds, they have been getting a bid the last couple of days on this turkey stuff. yields at 2.89%. overseas the big story for the stock market this year and this morning continues to be asia asian stocks tumbling once again

overnight. nancy hungerford joining us from our singapore bureau on what has been a tough couple of weeks and months for many domestic chinese shares >> that's right. once again china was the clear underperformer in this session where most asian stocks were lower. even the nikkei 225 couldn't get a break from the stronger dollar i want to point out one story in indonesia. with investors on alert for those em contagion risks, indonesia's currency has been the hardest hit in asia. just a few hours ago the central bank did hike its key interest rate by 25 basis points. it was the latest hike since mid-may.

let's get back to the story in greater china. the shanghai composite going further into bear market territory, off 2% today. a similar story for the shenzhen the hang seng off almost 1.6%. a huge portion of this loss is tied to tencent. want to give you a closer look at tencent off 3.6% today, 3.4% yesterday. you can see from the january high, a huge loss of 29% lots of concerns now around gaming revenue going forward concerning chinese regulators just pulled a license for the hit game monster hunter world. >> we talked a lot about the december makes of the market cap of facebook over the last month or so. tencent probably lost 125 to 0 $140 billion in market cap over

the last couple of months. how much concern is there in asia that the chinese stock marketos affect the rest of the market cycle >> in the chinese market, the b.a.t.s., when we talk about the role tencent plays, many investors were saying wait a minute, could this be the start of something bigger. on the regulatory concerns about this game, it's been murky some different tales as to why the regulators did pull that license. so it does raise concerns going forward about any regulatory blow back for tencent. that's why investors and analysts will be honing in on that you mentioned that dip ed from the january peak it's close to 160 billion wiped off now. >> big numbers overseas. nancy hungerford, thank you.

>> still to come, a major milestone. a billion reasons why amazon and jeff bezos continue to get bigger and more important. plus the top paying jobs in america have just been named did your job make the list we'll find out when "worldwide exchange" continues. at's critic? a basketball costs $14. what's team spirit worth? (cheers) 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

let's call it what it is today, welcome folks, it's the first day of summer in the northeast, at least it feels that way if you don't live here, you wouldn't know this it's rained almost every day since march. lockheed martin won a nearly $3 billion deal from the air force for three missile warning satellites the system will provide improved capabilities that are more survivable against emerging threats. rbs will pay nearly $5 billion to settle claims it misled increkrevestors tween tb years of 2005 and 2008 rbs announced in may it reached a tentative deal shares are unchanged on that news and agilent down more than 2% in the premarket despite the company reporting better tha

better-than-expected earnings. the market is seeing something it did not like. amazon just hit a major milestone. amazon now officially owns $1 billion worth of other companies. that's up 60% from last year those include investments in public and private companies amazon disclosing its holding in its latest quarterly report. you can read more about the story on cnbc.com. unless you're driving, don't do that sit down, log in, do it then sears ceo eddie lampert offering to buy the kenmore brain for 4$400 million in cash that's contingent on lampert's hedge fund getting funding from an unknown partner

sound familiar lampert's offering to buy the kenmore brand for 400 million. the entire market cap of sears holdings is half that. let's check the other top headlines outside of the world of money and business. phillip meana has more. the search for survivors continues in italy after a freeway bridge collapsed in the city of genoa. at least 35 were killed and 15 others injured it happened on a major highway connecting genoa to beaches. the polls have closed as four more states wrapped up their midterm primaries in vermont voters made history nominating christine hallquist for governor the nation's first transgender candidate to win a party's nomination and in wisconsin, an easy win for governor scott walker who earned the gop's nomination.

he is seeking a third term he will go on to face democrat tony evers closing arguments will begin this morning in the trial of former trump campaign chairman paul manafort. the defense rested their case without putting manafort or other witnesses on the stand brian, back to you >> phillip, thank you very much. terrible situation in italy. still ahead, the midterms hitting main street. small business squarely focused on the november elections. coming up, we'll give you the big issues on the ballot for the backbone of america. and let's call this a big beer battle. in and out is calling out a san francisco brewery, but they did it in a puny way in and out may be the coolest company on the planet. we'll tell you why. and sticking with california, a big bench clearer in the giants/dodgers game more of this must-see video when

we come back

a crypto comeback. bitcoin bouncing back in a big way this morning we're digging in on the turnaround jobs in america. the top paying positions in america were just named. find out if your job made the list. >> and why today's rbi may be the biggest jinx of all time rest assured we'll explain as

"worldwide exchange" rolls on. ♪ >> it's like when a sports team or an athlete is on the cover of "sports illustrated" and they break their ankle next week, that's what we're taking about with our rbi an incredible stat about the stock market rally thanks for being with us i'm brian sullivan here's how your money looks now. dow futures are down a bit call it 40 points here we'll see what happens as the morning rolls on let's turn to everybody's favorite topic, politics less than 100 days away from midterm elections. there's a lot at stake but also a lot at stake for small business across america. let's find out why with kate rogers >> cnbc and survey monkey are out with our q3 small business

survey finding that confidence is back at a record high of 62 right now about 58% of businesses say that conditions are good that is up from 53% last quarter and 39% this time just a year ago. jobs and the economy are the top priority for one-third of all the small businesses polled followed by healthcare and immigration. look at this one big problem is skilled labor. more than a third of smalled businesses planned to increase headcount over the next 12 months 16% of small business owners reported having openings for three months the problem is worse for businesses with 50 or more workers, where 41% reported the same 45% say lack of education is to blame for the inability to fill skilled position of course with midterm elections coming up we asked what small business owners made their top priorities 22% chose taxes and spending

followed by cost of healthcare and the wealth gap small business owners that identified as republican leaning ranked taxes and spending as their top concern. those who identified as democratic leaning said their top priority was the wealth gap. back over to you >> we talked about how there's optimism in the small business world. we snknows there a great deal o optimism earlier i chastised guests saying you won't give it an "a" plus, just the "a." optimism in small business may have to get an "a" plus. >> we talked about the nfib yesterday. that index is 0.1 points away from the all-time high hit back in 1983. it's been at or record highs throughout president trump's time in office and there's data from wells fargo. their optimism index is at a 15-year high one thing common in all of these surveys is the skilled labor market skilled labor is the top issue

in nfib and hiring and filling positions was something called out in the wells fargo report. >> there's a car dealer near my home that says now hiring technicians, four-day work week. you have signing bonuses for these kinds of jobs. how exactly tight is this market >> that's something i talked to bill dunkalberg about yesterday. he said the skilled labor position could get worse, but he also said he doesn't expect confidence to be taken down a leg because they're feel going about tax reform, strength of the economy, the consumer confidence and more. because the economy is so strong the labor market is getting tighter and tighter. where the jobs are, just about a week ago with the trucking shortage, it's hitting just about every industry >> we saw you out there in utah. don't think we didn't.

kate rogers, see you in a bit. let's bring in sara fagen, a cnbc contributor thanks for joining us on "worldwide exchange. an incredible story. i saw a poll last night that said 60% of voters don't like donald trump personally. they don't like the person they like the strong economy how does this tug of war play out in november? >> that's the great paradox. confidence you just pointed out, but also consumer confidence is also at a near high. so typically in poll kicks when you have such a strong economy, the incumbent party would benefit from it. we're not seeing that in the polls now. this is where donald trump's challenge with voters, his tile may be weighing down the republican party we'll see in november. we see he has a ton of strength

at the ballot box. he's helping people win primaries. his voters are energized democrats are energized. you know, there's all indications looking like the democratic party will pick up the house of representatives in november that is surprising given the strength of the economy. >> how much does personal feeling matter i have not known many candidates personally you vote for something based on policies, you don't hang out and have beers with them you go into the voting both, you say i don't like the president, i don't like how he acts, i like the fact that my business is going well, i will hold my nose and pull the lever this is what republicans need to message. it's not a typical message where would you say, you know, you may not like president trump's twitter handle, but, you know, look at what he's done on the economy.

look at how the economy flourished back in the '90s this was really bill clinton's situation as well here's difference. he had low personal approval ratings. high job approval ratings. trump has low personal approval ratings and low job approval ratings. at least at best 48%, 50% job approval ratings >> i know a lot of republicans that did not like the person that bill clinton was. they did not like his image. some of them didn't trust him but they voted for him because they didn't want to muck things up >> yes that's right the difference is that president clinton was always in the 50s for his job approval trump is hovering around 45% that 15-point spread makes a very big difference at the ballot box we've seen the president inch

up a president's job approval is a lagging indicator of economic strength we've seen him inching up as consumer confidence has gone up. there's still time for the party to recapture some seats. it's an interesting dynamic. really what the enigma of donald trump and his political norms. >> you bet new year's eve we'll see a democratic house, a republican senate and a republican executive branch. maybe that's a good thing for america. >> there's an argument to be made that congress gets more done when the parties, you know, are in different chambers. that hasn't been the case in recent years we'll see if, in fact, democrats do win the house, which is not

guaranteed, and if the split parties can get something done in january >> maybe they'll actually work together sara fagen, thank you. time for the other top trending stories kate rogers is back with those what's trending today? >> good morning. glassdoor releasing its ranking of the highest paying jobs these are physician, pharmacy manager, pharmacist, entrepreneur architect and corporate counsel. all over $100,000 >> who knew a cease and desist letter could be so punny i like this because sometimes these letters can be stuffy.

west coast burger chain in n out asking a san francisco brewery from refraining on using their logo on their new drink the in n stout. they said we're trying to distell this through an amicable approach and what may ale us if i did cnbc ale with the logo, someone will send me a letter. the fact they did it in a heighheigh light-hearted way is a nice thing. >> it does, and it does something for this beer. >> i think in n stout should send us a few cases. >> it's a little early >> look at your next story, is it >> bud light is giving out free beer when the cleveland browns

finally win a game they placed victory fridges in bars across cleveland. they're currently padlocked but they will be opened when the browns when their 17-game losing streak cleveland, we love you >> you have tie rod taylhave ty winner you will win six games this year, cleveland. probably week three against the jets and that beer will be opened they'll win six or seven games this year. we'll bring the show to cleveland if you win six games >> can i come? >> sure. >> i'm not a sports fan, but i like a good road trip. >> to cleveland. why not. the area where the bars are. >> i just know it's padlocked. don't you need to drink more if your team is losing? >> apparently that's only in your house we will stay in the world of sports it was a fight night in the hollywood hills.

it was a benches clearing brawl at the doernlgdgers/giants game. the giants went on to win the game 2-1 don't know who won the fight there were punches thrown. look for some suspensions here the national league west is on pace to be the tightest baseball divisional race ever three teams separated by a game and a half still ahead on "worldwide exchange," the crypto comeback bitcoin making a big about-face this morning we'll get brian kelly's take on that turnaround and whether or not it will last as we head out, let's check the premarket winners and losers

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that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. good morning, chicago. 4:44 out there go get something to eat, go to bed. cryptocurrencies are on a wild ride. at this point yesterday, bitcoin was under 6,000. today it's back up to 6,333.46 let's bring in a guy poking around the cryptocurrency world now and is getting interested in

it, that's brian kelly of brian kelly capital and a "fast money" contributor. i don't know if i'm more worried about up 4% one day and down 4% the next other than we're seeing this extreme volatility. >> yeah. listen, it has -- bitcoin itself is about 100 volatility product. it's the most volatile asset out there. we've seen 6,000 give or take a couple hundred points has surged as support this year we bounced off of that there was a huge short position built into this 6,000 number so we're seeing a rebound with a short covering bounce, which actually if you look back in april, when that same thing happened, we had high short interest, we had a 50% run in bitcoin. >> what happened yesterday and what's happening today down 4%, up 2.5%, up 3%. no one can make up their mind. >> you're starting to see

capitulation there's a lot of different things that happened some people, some companies were ico companies that raised money in ethereum and bitcoin. when they raised it, it was worth $20 million. now it's worth 10 million. so panic selling out there other people caught up in the hype and bought bitcoin at 15,000, 16,000 in november and december are saying i thought this thing stored value. it didn't store value for them and they're panikicking out. this is a new technology, a new currency so you're buying no a venture capital deal, extremely volatile and new. >> how much of this recent sell do you think has been -- not the newbies, but the retail investor and panic selling, selling into the weakness that we often see with any asset class, retail or

inexperienced investors make so often. >> yeah. it's a great point you are seeing some retail investors. i said it last week, if you're selling bitcoin at this point, you're doing it wrong. this is the place you want to start buying it. from the calls i'm getting, institutional investors are getting interested in this market have not seen a lot of people pulling the trigger yet, but the nyse announcement that they have an exchange coming in november has institutional investors interests piqued >> who is the seller then? >> the retail investor who bought is in november and december and said this thing stores value they put it on a shelf, watched it store value and it didn't do a good job >> they finally gave up. they said i can't deal with it >> exactly that's exactly what happened

just like any other market, as you said, you're seeing that capitulation at this point i don't know if we hit new highs. i've been in this business for 30 years, i know when you see capitulation, i don't want to be the seller, i want to be the buyer. >> we'll see you soon on "fast money. you have a long day ahead. >> so do you, sully. >> always appreciate your insight. >> let's find out what's coming up on "squawk box. becky quick is back with us. she joins us with a look how are you? how was it where were you >> i was great vacation was wonderful i was at the beach were you at the lake house >> back in july. not nearly for long enough not showering for 12 days is freeing. >> yes >> that's what lakes are for >> lakes, i'll give you that as long as you jump in the lake every day. great to see you i had a question for brian kelly, the retail invests pushed

up cryptocurrencies to begin with they may be pulling but they're the reason we saw fries prices o high our big story we'll be talking about today, verizon we have this new ceo of verizon who will be joining us, hans vestberg this is his first television interview since he took over as ceo on the 1st of august verizon has some news out about the fourth city that they're going to be rolling out 5g this is a big deal indianapolis is the fourth of the four cities they've been planning 5g on for this year and we'll talk to him about that rollout, what he sees happening with 5g beyond and we'll talk about content. hans vestberg was the guy seen as the one who will be pushing for 5g it caught a lot of people off guard when he was named as ceo, they thought maybe verizon would be pushing towards content with oath, the old oal. we'll talk to him about where he sees content for verizon

that's coming up starting at 7:00 a.m. on "squawk box." his first interview since taking over as ceo. also a lot of other people we'll be talking to today, including dana telsey. retail sales numbers hitting at 8:30 also macy's out with its earn g earnings and savita subramanian we have a lot to talk about with h her, too >> i am working on something, i don't want to reveal too much, but looking at your favorite topic why there's so many big sharks close to the beach this year >> no. >> i'm not kidding your girl mary >> i do. mary, the 16-footer. >> have a great day. still ahead, snapping the slide. that's what stocks did yesterday thanks to the turkey thaw.

more on what you neat to watced ahead.

stock futures losing a little steam down 63 right now. not a big slide, but down 40 a few minutes ago. the guy sitting to my left, drew mattis managing director at metlife investors. a lot of worries out there, turkey, china, north korea but structurally, not to harp on it and be too optimistic, there's a lot of good things happening in this country right now. >> well, you know, there's going to be more small business owners were saying this is the best time ever talking about how hard it is to find employees, which should be good for wages going forward today you'll get retail sales. we'll see what the start of the third quarter looks like

that will probably be good this whole idea that hey the second quarter was a fluke 4% was not going to be repeated, if you look at the atlanta fed, atlanta fed is telling you it may be repeated and better than the second quarter >> the naysayers on this economy, and there's a lot of them out there, the naysayers do have a point they say wage inflation and wage growth has not kept up with the pace of the u.s. economy, and that's the negative. you believe it sounds like we're close to that finally changing >> i still believe in supply and demand if there's more demand for labor and a thick supply of labor, you'll have that >> we know people who change jobs on average are getting big raises what about people at their job and who are not going to change their job. do they have the ability to negotiate maybe a raise? >> why negotiate just change jobs change is always good. embrace change >> maybe you are a career coach.

>> you know, the other thing that gets to me is productivity. productivity will start to accelerate again there's this idea out there we're in structural stagnation, we will never get potentially higher growth. we can't do it >> if there are not enough workers, to me that's a structural problem >> not enough workers, which is interesting. that will hold you back a bit. but this idea that we won't get productivity gains when there's a labor shortage doesn't match that's not the way the american economy works. >> that's not the way americans work can't do anything about it, let's sit back and relax we solve problems. >> we'll go back and have a baguette we don't do that we'll get a rebound in productivity today when you get that rebound, it will get people to question,

does structural stagnation work. when people make the structural stagnation argument they're saying this time is different. this time is never different we'll see a rebound in productivity it will get people to re-evaluate where potential growth in the united states can be it will get those yields higher in the treasury market over time >> don't be afraid of change i like it. i like the positive comments on the economy and maybe some good career advice as well. drew mattis, appreciate it all right. let's wrap it up with the morning rbi. this is not only a random but interesting but also profitable. mark your calendars for one week from today, wednesday august 22nd not only is the birthday of a funny guy, james corden and ty borel, but also it's the day this incredible bull market turturn s 3,had 450 days old

so unless something now happens between now and next wednesday, let's plan a party this bull market one week from a record we're back tomorrow. "squawk box" is next /* /* ok, show me what you got.

i am going to vote for myself using nothing but this remote and the sound of my own voice! vote for... -wait, wait, wait. that's not a talent. any xfinity customer with an x1 voice remote can do that. watch this. i want to vote for... obviously not you. ooh, that guy. cast your votes during every live show. just say "vote for agt" into the x1 voice remote.

. good morning the turkish lira is rebounding bitcoin is rebounding, china sliding deep near bear territory. we await more retail earnings. and we're learning more about verizon's 5g rollout plan. hans vesper will be joining us. and there's bets on dow components by warren buffett it's wednesday, august 15th. i think that's the ides of

august "squawk box" begins right now. ♪ live from new york where business never sleeps, this is "squawk box. good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. markets are higher yesterday, but this morning red arrows across the board dow jones down by 68 points. nasdaq down by 13. it is the ides of august, so far the dow is down for the month. the s&p 500 and the nasdaq are up look at what happened overseas in asia. the nikkei was down 0.7%