tv Worldwide Exchange CNBC September 6, 2018 5:00am-6:00am EDT
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it is 5:00 a.m. at the white house. here's your top five at 5:00 president trump sounding off after the "new york times" publishes an anonymous op-ed from somebody who claims they work inside the white house that slams the president. another emerging markets hit. we're headed live to singapore for more on what is an increasingly big selloff around the world. cbs in talks with the redstone family over the future of that media empire. facebook making a million dollar bet on asia and the crypto collapse continues. bitcoin down big again this morning. we'll find out why, and it has
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to do with goldman sachs it's thursday, september 6th, "worldwide exchange" begins right now. ♪ good morning from wherever in the world you may be watching i'm brian sullivan thank you for joining us on what is another busy week the dow futures up slightly here this is not the market story dow futures up 34 points the story continues around the world and with cryptocurrencies. we'll bring you the one big number that you need to watch today. and that is in the crypto space. it's bitcoin bitcoin is down another 6% we'll dig in more on this big drop in the cryptos coming up in a few minutes. first, we have to begin with a story that's got everybody talking today. the "new york times" publishing an anonymous op-ed titled "i'm part of the resistance inside
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the trump administration." the paper purports to be written by a senior white house official president trump on the attack last night calling the op-ed gutless and tweeting treason let's get to eamon javers live in washington with more on this story. >> good morning. it's an incredible development somebody who claims to be a senior administration official, not necessarily inside the white house, but inside the administration, penning an op-ed in the "new york times" absolutely blasting the president. critical of the president's leadership style, his personality, his capability for the office there's the headline says the anonymous author, the "new york times" saying they rarely publish a nameless op-ed, but in this case they did. the source saying we want the administration to succeed and think that many of its policies
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have already made america safer and more prosperous, but we belive our first duty is to this country and the president continues to act in a man their is detriment al to the health o our republic the president reacting in near realtime at an event scheduled at the white house yesterday >> if the failing new york time has an anonymous editorial, can you believe it anonymous, meaning gutless editorial. we're doing a great job. the poll numbers are through the roof our poll numbers are great guess what nobody will come close to beating me in 2020 because of what we've done. we've done more than anybody ever thought possible. it's not even two years. >> the president also tweeted out that he wants the "new york times" to turn over the name of the official in the interest of
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national security, he says and then the question now is what happens next? this has set off a frenzy of speculation in washington, d.c. as to who this person is, what his or her motives could be, and what effect this will have on the presidency it's something that we just have never seen before in washington. >> there are many questions here let's focus on a word i know everybody is focusing on, loadstar there are bookies placing odds on who this is they placed the odds on mike pence, the vice president, because he's the only person who used that word and repeatedly in numerous speeches. when you say senior administration official, not necessarily white house, it's an important point, is it not the administration loosely defined is very large. >> it is very large. that includes all of the
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cabinets, not necessarily on the white house complex itself it's a broad area of people that could be covered here. presumably the new york times did that to protect the identity of this person it could be somebody in this white house but they're using administration as a broadening term to not give away who it is. i think you can look at the language choice here and try to parse it and figure out who speaks like that but i'm not sure that will get you anywhere, it's not conclusive what i think about here is the motive of this person. this person wanted the public to know that there is a group of senior officials inside this administration who are actively working to thwart part of the president's agenda who in effect don't feel he is competent to be president of the united states. and are simply working as a buffer to protect the country from the president for as long as the president's term in office will last that's an astonishing thing to tell the public. they're also telling the president of the united states
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that if you're running a secret conspiracy the thing you don't do it run an op-ed about it in the "new york times" and tell the world so this is somebody who wants to thwart the president's agenda but also wants the president to know it. >> and they sent it in to the paper that the president hates the most, they did not send it to the "washington post" or "usa today." they sent it to the publication that the president slams constantly which is an extra dagger to the heart of the president he calls it the failing "new york times" all the time the president reads it obsessively, he speaks to the reporters of the "new york times" constantly or near constantly he grew up with the "new york times. he views it as a barometer in some way of how he's doing or how a part of the world views how he's doing he values it but he denounces it at every turn. the fact this appears in the new york times is probably not a
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coinciden coincidence. it feels like a secret this big as to who this person is who wrote this just can't be kept for long in modern washington given the technology and communications we have, the fro forensics. i think this person knows they will be found out and is prepared to go this is a last hurrah for this person >> if you're going to send an op-ed to the "new york times," it's going to be found out eamon javers, thank you very much >> let's bring in david nelson from bell point emerging asset i will ask you to begin with this you're not a political guy, but we now have a -- i don't want to say a crisis but another leg to an intriguing story in the white house. does that impact the markets at all? >> i think all of us are political animals in one sense
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or another >> we are forced to be the capital of money is no longer wall street it's washington. >> the markets are a good prompter for this thing. the futures are telling you this probably doesn't mean a lot at this point there's a book deal coming at some point and it validates the concept of deep state what could be deeper than this, people inside the white house looking to disrupt the president and it's a national security concern. >> and yet we have dow futures, not that they are the benchmark or the hallmark or the loadstar of anything, but they're up. they're not down there's no constitutional crisis reflected in the markets yet >> markets follow money and earnings at least here in the united states the earnings are good i think americans today are pretty satisfied with the economy. it's not just the gdp print we had at 4.2% or the fact that consumer confidence is at an 18-year high, people feel good about their jobs they feel good about the prospect of getting a better
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job. >> let's talk about emerging markets. let's go back to money guess what every emerging market currency, every one is down over the last six months >> it's frightening. if there's a black swan out there, this is where it lives. >> we know about it, so is it a black swan that's chirping but still in the coal mine >> it's serious. when i see currencies plummeting the peso down, the lira. even in sovereign debt from developed nations like italy exploding higher, that tells me things are not all well out there. that can translate to us at some point in time. 40% of s&p revenue is overseas these are our customers. >> now they have to pay more when something is priced in dars they ha dollars they have to pay more. >> why again -- maybe it's a
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juggernaut -- talking about big words this morning a juggernaut, it can't be slowed down something that can't be slowed down this is a market that appears that way >> it is for now it can be slowed down. markets are cyclical at some point in time we'll have a slowdown and a recession, but stop worry being it. in the united states i'm having no trouble finding companies i want to buy that have top line growth a dynamic we have not had for about a decade now companies are growing the top line sales are great. i can find any number of countries out here that are good >> your advice is for investors and viewers and listeners out there to put don't political pages and focus on those things. >> focus here. i'm tired of people calling me up and telling me about how cheap emerging markets are they're cheap for a reason it's been dead money for about 12 years you can find better access here.
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>> david nelson, always a loadstar for good investment advice >> thank you. the legal drama between cbs and the redstone family controlled national amusements may soon be over the two parties are holding settlement talks over control of the broadcaster. the "wall street journal" says a potential deal could include cbs dropping its efforts to strip national amusement's voting power by issuing a special dividend in exchange national amusements would back off attempts to ryu night cbs with viacom. you follow that? shares of cbs are higher by just under 1% let's check on some of the other big money headlines. con statessa brewer has those >> american express fell yesterday on a "wall street journal" report that the fbi is probing the currency trading
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business the focus is whether the unit misrepresented pricing to clients to win business. docusign is down 2% this morning despite better than reported second quarter results. the company provides electronic signature and data technology. it's raising its guidance for the full year. shares of cloudera are soaring. the company posted a smaller than expected second quarter loss up more than 15% the cloud and data services provider raising its full-year guidance to reflect higher subscription revenue all things we'll be watching today. >> we'll watch you in a cummins back on this program we are just getting started on a busy thursday asian stocks are under pressure again today. we'll take you live to asia with more on the big selloff. packaging for restaurants. and we've grown substantially. so i switched to the spark cash card from capital one.
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welcome back it's 5:15. thanks for being with us a different story. a tale of two markets. you have the u.s. market, which continues to focus on things like earnings growth, like sales growth, and not political turmoil or turmoil around the world. the european markets this morning are also following that path we are higher, europe is higher. really the pain and the story continues to be in emerging markets and in asia. overnight the hang seng dropping another 1%
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let's get more on all of this and why we're seeing asian stocks tumble so much. nancy hungerford has more for us we've seen the shenzhen index, the nasdaq of china, lose nearly 30% of its value in this year. it's been a very rough year so far. >> yes, brian, it has not been pretty there's no secret when it comes to the greater china markets and the broader asian markets. investors are nervous on whether or not president trump will move ahead with that threat on additional tariffs on chinese goods worth about 200 billion. they expect that announcement any day now. the shanghai and the shenzhen closing lower. the story the last few days has been around the hong kong market here lower by 1% for the second straight day it's underperformed the greater china markets. yesterday down 2%. now we're sitting at a 13-month low. some of this is down to mainland
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sellers. they're getting nervous about china's economy. a big part of the story is around tencent it's such a heavy weight on the hong kong market today it was dipping fwaagain. today they unveiled new measures to clamp down on under age gamers investors clearly not overly enthusiastic with the move so far. brian? >> nancy hungerford, thank you very much. tencent lost about 180 billion in market cap. it is not only china that is feeling the pain check out our "worldwide exchange" world of worry greece, russia, argentina, brazil, all down double digits from their more recent intraday highs. these are markets that have been walloped let's bring in richard kane an index committee member
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richard, thank you for joining us, what do you think is happening with the emerging markets. >> these names are the usual suspects, there's indonesia. >> we ran out of room on the wall >> that's right. it's a 9 1/2 year global bull market since the financial crisis that's a long time as you have a bull market or bear market start at the beginning, it's about perceived corporate earnings as it stretches, it's more about crowd psychology you can say i've made a lot of money i want to stay at this poker table and play on. i'm willing to try i made a lot of money. i'll try something like tencent. an emerging market like india. a market like cryptocurrency that's one way that's reallocation. or just plain old fear and i'll get out. that's the question. is it reallocation because we still have greed or is it fear look at 2015
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yes, there was fear, but an incredible v-shaped chart that shows that fear was temporary. >> if you go back to 2015 to 2016, some of the chinese markets lost 40% in six months it was a bigger slide then than it is now. do we -- i don't want to overly generalize, do we assume the chinese investor is the same as the american investor in the way they think they're not. the way they trade and i vest is differen different. >> i think of times in crisis just like the relatively novice american or global investor during y2k we had online trading. google was becoming something bigger the psychology of us buying
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things was the same mentality there. except there it was i have to get out of real estate and get into crypto. it was more tactical we need that the outside investor getting into shanghai, it's a quota. you need that local investor liquidity otherwise you can't play in china. >> richard, we know it's early appreciate it. thank you. big news overseas, big changes are coming to egypt. hadley gamble is live in cairo with a cool story about a very new exchange hadley >> good morning, brian so 175,000 acres, an hour and a half outside the city center in cairo, a new administrative capital, it's all part of president sisi's plans to get this economy back on track egypt has been an meaning market
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darling. that market up 20% over the last 12 months, but it has been pressured lately i caught up with the ceo of the egyptian exchange. >> you have aspects associated with international dynamics, the geopolitical situation, what is happening to emerging markets when it comes to some of the close encounters to egypt. this is impacting the emerging market space in general. having said that, this would definitely be putting some pressure on the short-term towards what we can be expecting in the egyptian market in general or the economy in general. given the solid economy that egypt has, in the toughest times we have minimal levels of growth and economic activity. >> brian, i spent the last three days here in egypt going all over the capital and out to the new capital as well. there's no doubt that the
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engines of growth are moving once again you have to remember that when it comes to egypt's debt situation they have 36% of gdp that is debt the domestic debt is higher than turkey's so certainly what's happening in this emerging market contagion is something that they're keeping a close eye on >> let's be clear, this is a young nation egypt had its problems egypt had a lot of issues politically, societally, whatever it is they are a very young nation they're the most popular or most populous arabic nation in the world. a lot of optimism around the west and western brands there. absolutely it's interesting if you look closely at what's happening on ground here. they hope this multibillion dollar capital will galvanize the sector and move forward not
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just the spetech space and employment these mega projects have pushed up the pmi numbers so we have to wait and see what happens next the egyptians i'm speaking to are in a very better place than last year. >> i was going to make a you're not in denial joke, but you are clearly above the nile >> it ain't just a river in egypt. >> but it's behind you thank you very much. a lot going on this morning. let's smile a bit. coming up, not a reason to smile if you're invested in the cryptos. bitcoin and others are down big today. some numbers you may not want to see. we'll show them to you any way making my dreams a reality takes more than just investment advice. from insurance to savings to retirement,
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desk that and negative sentiment is weighing on the digital currencies coming up in your rbi, we'll show you the losses in six months in one of those names. still ahead, your global hot spots. we continue to weigh the big risks out there and maybe the potential for big rewards. plus nike just did it. the company rolling out its first colin kaepernick tv ad, it's got people talking this morning. we'll show it to you coming up we're voya. we stay with you to and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement.
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wall street pointing to a higher open despite another drop in asia and the cryptos. who done it. that's what everybody is asking this morning after the new york time runs an anonymous op-ed from somebody who claims they work for the administration. and back from the brink. firing up the "worldwide exchange" time machine as housing marks a major milestone. all those stories and more as we roll on right now. ♪ >> welcome back. thanks for being with us on cnbc i'm brian sullivan thanks for joining us. there's a lot to get to. let's check the top headlines. contessa brewer has those.
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>> here's what's leading cnbc.com the "new york times" published an anonymous op-ed entitled i'm part of the resistance inside the trump administration the newspaper says it was written by a senior white house official and it allowed the anonymity because of this person's fear of losing the job. president trump on the attack calling the op-ed gutless and tweeted treason? facebook is making a bet on asia they are set to invest more than $1 billion for an asian data center in singapore. american prexpress shares fl yesterday after it was reported that the fbi is probing the currency trading business. the focus is whether the unit misrepresented pricing to clients to win business. let's check the other top headlines outside the world of money and business
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phillip mena has that. good morning good morning south korean president moon jae-in is set for a critical meeting with north korean leader kim jong-un to talk denuclearization this after south korean envoys hand delivered a letter to kim this week a powerful 6.7 magnitude earthquake hit japan early this morning in hoe cakkaido nearly 3 million households have lost power. keep the hand sanitizer close for this one researchers have revealed the dirtiest place at the airport is in the security line the study found those plastic security trays have even more illness causing viruses than the airport's toilets.
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these viruses could give you the common cold or the flu experts recommend washing your hands after contact. brian, keep that in mind the next time you head to the airport. >> thanks. i will that's helpful information i'm sure they'll like it when i go through with my ski gloves and chain mail armour on dirtier than the airport toilet. that says something. that says a lot. here's how your money and investments look futures are telling a decent story. up about 40 on the dow we are up given that you may have heard some political rumblings happening inside the beltway. let's bring in larry mcdonald, editor of bear traps report. this op-ed you may have heard about will get some attention in washington today i'm just speculating i know d.c. devoured the news cycle, can we not lose sight of the fact that every emerging
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market currency is down over the last six months? the cryptos are collapsing, italy's debt is going up, all we focus on every day is inside the beltway. what else do we need to be watching >> ten years ago today, it's almost comical it's pure comedy the banks on wall street lectured us and lectured us and lectured us again that you had to be overweight emerging markets, emerging markets had decoupled from developing markets. that's where all the growth was. you don't want to be in slow growth developed markets this was the mantra day after day after day. ten years later the same group is lecturing us the other way. be overweight developed markets in the u.s., under weight em it makes no sense. it's a colossal failure of
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common sense >> it's probably not the same group. probably the same companies but different people you know the half life of most people on wall street these days that said, here's the bigger question if we're seeing a collapse of the indonesian dollar or the indian rupee to all time lows against the dollar, these stories will get page a8. do they matter for our viewers who are probably largely invested in the u.s. equity and bond markets are they the canary in the coal mine or interesting side stories. >> 75% of global growth today, economic growth is outside of the united states. 75%. over 50% of s&p 500 profits and sales are outside the united states of course it matters what's happening is the cheapness of china, the crane
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shares k web, the cheapness of these emerging markets to the u.s. is linked like we have never seen before you're talking about the most extremes ever. you want to back up the truck, move your way into emerging markets, underweight the u.s we are coming into a colossal mean reversion >> why do you think that >> there's too much global growth outside the united states >> maybe they're cheap for a reason though. the chinese market has fallen more than 30% twice in the last few years. the shenzhen fell 40% in six months in 2015 why should anybody buy into that market when it already cost us a lot of money twice in three years. >> think about this. you've got companies like amazon amazon is worth a trillion
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dollars. tencent and alibaba are worth 800 billion. tencent and alibaba are trading at a 20% discount to amazon. that's nuts. you have much more global growth that is effecting those companies. the u.s. is a 300 million people, close to 1 billion people in asia it's growing faster. net-net you're talking about extreme value discount in emerging markets relative to developed markets. most importantly the fed, because all the growth is outside the united states and because europe -- you look at the dax today, just broke a five-year major trend line because of this weakness overseas, you will see the fed back away from the policy path that will weaken the dollar. that will create an absolute inferno of energy underneath the emerging market equities
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>> wow i can't compete with inferno of energy i like it. it is a bold call. a lot of people i know hope you are right. inferno of energy. larry macdonald, thank you time for the top trending stories. contessa brewer has those. >> there were protests all over capitol hill yesterday from the kavanaugh hearing to the tech hearings, but one protester got more than she bargained for. >> [ auction calling ] >> that's missouri representative billy long who you might have guessed had a former career as an auctioneer being before being elected to congress after the disruption, he disrupted the disruption, the protester was escorted out and the proceedings continued. he got a rousing round of
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applause >> did he sell the hog >> i think he did. highest bidder >> now the disruptor is disrupting the disruption of the disruptorment. >> i can't get that. >> al roek sker is heading to broadway and he will sing. he will join "waitress" this fall in the role of old joe. he was modest about his vocal abilities. he says as a singer, i'm a terrific weatherman. it's only a six-week run imagine that imagine having do a show every night and getting up in the morning and doing this show. >> good man. >> following the outpouring of criticism and support for nike's decision to feature colin kaepernick in an ad company. nike dropped the first advertisement yesterday on twitte
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twitter. >> don't ask if your dreams are crazy. ask if they're crazy enough. >> the spot also features lebron james, serena williams and a variety of other athletes. the ad will air tonight on the kickoff game for the nfl just go online and you can see it everywhere now. everyone has been retweeting it. >> or watch it on nbc. >> do that >> thank you very much speaking of, jim cramer is taking "mad money" on the road to tonight's big game. he will be live from his hometown, philadelphia, with a big guest. comcast's brian roberts. cramer hoping his eagles can pull it off again this year. chickie & pete's, get the fries ready. back from the brink, we're diving in on fannie and freddie a cadede later
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out an too out and took them over diana olick now looks at what the future holds for them. >> reporter: if fannie and freddie had gone under, the housing recovery would look nothing like it does today >> everything worked the housing crisis that team say could last for decades lasted several years and home kriss regainr prices regained value. if anybody said they saw this in 2008 or 2009, they're kidding themselves it's been remarkable. >> reporter: under government conservatorship fannie and freddie drew money in the treasury but were required to pay profits back to the golf e government fannie and freddie drew 194$1944 billion from the treasury. so far they paid 279.7 billion back a net profit of 88$88.3 billion
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and they continue to pay some argue that profit is part of why congress and the administration have done very little beyond offering proposals for reforming the mortgage market and the market today is nothing like it was a decade ago when lenders shut the doors to anyone but the most pristine borrowers. >> it was probably the most trickiest time for myself in the mortgage business and for virtually all loan originators not only were we helping borrowers get their home but also regulators, licensing laws, continuing education it was a challenging time for sure >> lending is now more open again, especially with rising interest rates the biggest difference today is that borrowers actually must show they have income and ability to repay the loan. imagine that >> seems like a novel concept now. do you think investors will come
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back >> most of the proposals out there have some form of government guarantee that they perhaps share the risk with the markets, but i do think investors want to come back to the mortgage market especially now that the loans are so well underwritten and profitable. >> you remember 15 years ago, franklin raines came out and said fannie mae was too big and people warned about its side >> now it's bigger fannie, freddie and fha are 90% of the mortgage market just the jum lbo loans are heldy the banks. i believe investors will come back, but the market would have to be reformed and there would have to be some kind of government backstop. >> diana olick, a fascinating look back air head of this ten-year anniversary of everything let's find out what's coming up on "squawk box.
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becky quick, what's coming up on "squawk box" will you mention this op-ed thing? >> we might mention it once or twice. a few guests on will talk about that we'll talk about what you and diana were talking about, freddie and fannie ten years on, jeb hensarling will come on. have we come to conclusions or choices about what we'll do with those organizations? it's a conversation we'll have this morning along with talking about the adp numbers coming out. that will hit at 8:15 eastern. we have mark za flshgs ndy on tk about that and our best host will kick around all these ideas with us, including that op-ed piece you were talking about and the highlight of the morning, i won't be able do this justice, this is joe kernen's job to talk about it
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i can't do the impersonations he does, we have captain kirk joining us t.j. hooker, william shatner, author of the book "live long and prosper. he will be joining us to talk about not fannie and freddie but all the issues he's seeing in show business and maybe the travel business. >> you have all kinds of police stuff going on around you. the flag over your shoulder. it's like a fourth of july of new york's finest. i think today or tomorrow is the 50th anniversary of the first time star trek appeared on tv. >> yeah? >> am i right? >> i should know this. i don't. >> i was going through the dirty file cabinet that is my skull. >> that's pretty good. if you know that off the top of your head -- >> i don't know it i could be making this up. the facebook hearing, they don't call it fake news. you notice that yesterday?
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they kept referring it as inorganic or inauthentic will the president say that now, inauthentic news by me >> fake news rolls off the tinge fa tongue fast. >> i think you have to do it this way that way is a gang sign. >> that was the most unusual tease ever. trade turmoil and your money. the stocks you need to watch as trade concernsamp rup more to do your rbi coming up the smoother the skin, the more comfortable you are in it. and now there's a new way to smooth. introducing new venus platinum.
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ceo of fire apps you look at this almost as a zero sum game, lose, lose, lose, lose your analysis show there's could be some winners. how did you come to that conclusion >> if you have a negative surprise that stocks typically get much more positive than a positive surprise. from that point of view alone, it's not a zero sum game corporations that manage risk well are good at managing risk well overall we have many examples of that. >> these are second derivative plays, not just directly trade related, but currency impact from trade issues, but they do well managing their currencies >> exactly right at end of the day we're looking for guiding on earnings per share.
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you want to be within the earnings per share guidance. foreign exchange impacts that or not. >> amazon appears to be good at pretty much managing everything. but currencies is one of those things that you think -- you view amazon as a potential winner along with amd and google >> some of our customers are fire apps, because we help customers understand currency risk that's what ceos need to know, that you can manage this properly it's difficult it's not easy. automation can definitely do so. >> on the loser's side, netflix? >> netflix they came out and said we won't manage foreign exchange risk we're not in the business of hedging that risk. >> we always talk about netflix like they're growing internationally. the great program lineup we frame it as a media company you suggest that they also have
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to manage foreign currencies that's a hard job. you need a good cfo and a good team >> when you think about netflix, probably every country in the world they're getting revenues from a company like that is probably in 100 countries, they have exposure to all those countries. what i'm saying is they don't necessarily need to hedge it or not. i'm not telling the cfo whether they should manage that risk or not. they should explain to told stakeholders what the risk to netflix is >> if you own netflix, be careful. it's not just about how good your programming lineup is, it's how good the bean counters are upstairs at managing as they grow internationally they have to be smart and savvy. >> the analysts will say if they're not that good in foreign exchange or decide not to do it, what other things are they not
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managing >> illinois tool works >> they were guiding, expectations were higher, then they got hit with foreign exchange they lost 2.5 billion in market cap because of that. they expected the stock to go up >> is there a possibility they were caught off guard. flat footed, but they'll get smarter going forward. >> i hope so >> every emerging markets currency is down against the u.s. dollar in the last six months i don't know if there's been a time that's ever happened before there might have been. what we're seeing in the currency markets, which i think are boring but important -- they are important, it's unprecedented, right >> correct i do think you have to remember that the big gdps will be weighted towards where the markets are going to be. china, korea, some of those are so high they're impacting. they shouldn't be. there's no reason why a company
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can't manage that risk if they're flat footed, they'll get flat footed again until they get to applicable best practices and automate risk management process and relate that to the stakeholder. >> an interesting way to look at the impact of a trade war. it's not just about trade, it's also about currencies. appreciate you coming in let's wrap it up with the morning rbi. coming off our currency conversation, perhaps this is timely file this under subsubmerging currencies while many cryptocurrencies have been slammed, ethereum is crushing investors if you have not been paying attention, it's down 82% from its highs of just nine months ago. put another way, if you invested 10,000 in ethereum in december,
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good morning who is loadstar? that's the nickname now being given to the anonymous senior administration official who wrote the "new york times" op-ed that has washington buzzing, president trump fuming, and social media speculating a tech wreck stocks looking to rebound after yesterday's selloff in social media. stocks like netflix. a full market rundown is straight ahead. it's jobs week in america. we'll tell you what to expect from today's adp report.
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we have linkedin's new list of the top startups to work for in a cnbc exclusive. and shatner, for real, on set. unbelievable it's thursday, september 6, 2018 "squawk box" begins right now. ♪ live from new york where business never sleeps, this is "squawk box. ♪ good morning, everybody. welcome to "squawk box" 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. adp coming out later this morning. could give us an indication of what to expect on friday from the government jobs report this morning you will see green arrows ahead of that right now it looks like we're indicated to open up by 25 points for the dow futures
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