it is 5:00 a.m. and here are the five big things that you need to know to begin this monday morning long-time cbs investor le les moonves is out the chairman calling on apple to bring more production back to america. a developing but dangerous story. hurricane florence is picking up speed and taking aim at the coast. a megamarket milestone now ten years since the main week of the financial crisis and

we are following the "worldwide exchange" time machine to see just how far we have come and maybe some problems exist. it is september 10th and "worldwide exchange" begins now. ♪ start me up, start me up and never stop, never stop, never, never, never stop ♪ ♪ you make a grown man cry >> along with grown men crying, it happens all the time especially when the alarm goes off. good morning add welcome i am brian sullivan. thank you for watching us and starting your week with cnbc despite the fact that there's rain up and down the east coast, kind of grim out there, the futures are looking bright and sunny. here's how the money markets are setting up the day dow futures up 113 points indicating a nice jump at the open all of this coming with a weak end to the market despite everything else that's going on, everything is not

collapsing the american economy fund amountly remaining strong and the market reflecting that optimism we'll get you more on the markets and the money. we begin with more allegations of sexual misconduct in hollywood. long time ceo of cbs is out. more women reported that les moonves assaulted or harassed them let's bring in the global media editor for the financial times it's a story that has rocked the world. we have the allegations against mr. moonves out there. ronan farrell as well. >> now he's resigned his resignation was already in the works and was already primed this week. last night he said there was a new report and very damaging for le les moonves. women have spoken about his

behavior it's pretty unsavory, awful stuff. now he's gone. cbs has to start anew and think about the future. >> they used the term resigned or negotiations are being worked out is the best way to put it here, matthew garahan. aside from the terminology, it's hard to see how this is, quote, a resignation by mr. moonves. >> he hasn't been fired for cause. important thing to bear in mind. the statement was very amicable. it's an investigation going on triggered by the first "new yorker" story. they haven't yet published their findings the other thing that's been happening in the background, as your viewers may have followed, is that a struggle for control of cbs and a dispute between cbs and viacom and as part of that dispute, the controlling shareholder of both companies

has managed to engineer a bit of a board room coup. there's a big change in the board. sources that i spoke to said moonves decided two weeks ago that he was out. he was going to quit because the composition of the board was about to change and he was about to lose much of the support he enjoyed. last night you have this bombshell story. as you say, he resigned. had he not resigned, it's hard to see how he would have stayed on for much longer. >> as part of this departure, resignation, whatever you call it, i know cbs and mr. moonves had donated millions of dollars for pay and gender reform for women. mr. moonves is eligible for up to 200 million in severance. right now none of that has been granted and it's currently unclear, as i understand it, if any will be, correct

>> reporter: well, again, he's getting what they call accrued benefits and deferred compensation he'll get that he doesn't get the rest of it, the bulk of it we don't know how much that is he won't get that until the completion of this investigation. so theoretically if it finds him innocent of the charges, doesn't find any evidence that he did anything wrong, he could walk away with 200 million -- like you said, it could be hundreds of millions of dollars because of his options, retirement benefits, when you lump all of those together we can't pre-judge an investigation in light of these new allegations from last night, it doesn't look particularly good it's hard to see how he ends up with the bulk of his entitlement. >> matthew gare ajhane, ahan, t very much. alibaba co-founder jack ma is set to resign as chairman of

the company. not for a while. he will step down a year from today. the chinese ecommerce giant said it will reduce its dependence on any one person ma will remain on alibaba's board until 2020 we'll get more from eunice yoon. kay rogers joins us about this story which gets a smidge of attention. >> you think so. >> trump v apple. >> exactly this is an epic showdown president trump tweeting this weekend, apple prices may incase because of the massive tariffs we may be imposing on china but there is an easy solution where there would be zero tax and indeed a tax incentive make your products in the united states start building new plants now. exciting the tweet came from $260 billion

in chinese goods could be set into motion. apple warned the proposed tariffs would hit a wide range of the company's products. as a result, consumers would have to pay more this is a notable change after apple's ceo tim cook has pushed off trade wars cook has said he was confident that tariffs wouldn't hit the iphone which does drive most of apple's profits. shares of apple's profits could drop more than 3%, brian. >> tim cook is not i don't want to say friends with the president but the president has gone after jeff bezos of amazon, he's called out google tim cook has sort of he heretoforeescaped some of the president's ire or fury. >> yeah, exactly he's saying, hey, here's the solution it will be cheaper for you. >> if you look at the back of

your phone it says designed in california not assembled. ford says it will not be moving production of its hatchback wagon from the united states to china. that despite president trump's claim that his taxes on chinese imports as the focus active can be build in america. quote, just the beginning. the car can be built in the u.s.a. and ford will pay no tariffs. in a statement ford responded saying, quote, it would not be profitable to build a focus active in the u.s. given the forecast for yearly sales below 5,000 models two weeks ago ford said it was dropping plans to ship the vehicle from china to america citing new tariffs. stay with trade news china's trade surplus with the u.s. widening to a record $31 billion. china/u.s. surplus rises to nearly 15% so far this year. the numbers could add fuel with the trade war that's brewing

between washington and beijing let's bring in maddy duffler i appreciate you joining us bright and early, rainy and early this morning this is a story that requires a three dimensional chess board to follow the trade fight where exactly from a taxpayer union standpoint, where do we stand at the moment? >> reporter: well, it's an interesting question, brian. we've had a lot of movement on the trade front. in china, last week we had not one but two threats from the president about increasing tariffs on chinese products. there was a period for comment on that last week and now the administration is essentially free to exert new tariffs any time now but the president also said that he'd bewilling to exert another $267 billion of tariffs on chinese products essentially increasing tariffs on every import in the united states from china. this will increase prices from

consumers. that means americans pay them. the argument that other companies across the world pay tariffs is simply not true we're starting to see that the question earlier about apple and what they're going to do if they were to try to make the iphone here. it increases prices to not only coerce companies to make products here that they don't have the ability to do so, but ultimately increasing the input for anything that is made here is going to increase the cost for consumers. >> i've seen erroneous headlines. i'm he not calling anybody else out in the media i have seen erroneous headlines. we need to make clear this is not 267 billion in tariffs this is the potential for 150%, 25% perhaps on 250 to 257 million so you're looking for a

numerative impact in 12 million. >> that's true, brian. at the end of the day, the argument is the same we're now only a month and a half, two million. he would say, our economic standings are there. increasing prices on consumers is going to change that equation regardless of that, we've removed a lot of barriers in the economy tlanks to tax reform and deregulation. >> yeah. >> if prices increase and americans feel like their purchasing power has diminished, that's going to show up in how they feel about their own economic circumstances. >> i do wonder, certain states have been whacked over the last 30 years or so losing manufacturing. is this story, the tariff story playing out well in those

states i don't know. >> reporter: i think that, again, americans vote with how they feel about their checkbook, not just voting with their checkbooks that means what is it doing for those states in look being at inputs for the iphone, it's going to impact the tech sectors. >> okay, maddy i did not know that. i live in wisconsin. >> go, tax. >> you know as well as i do that there is still a lot of pro trump sentiment in the same counties that delivered him the presidency you and i probably still talk to the same people. >> certainly true. i think that will be an interesting question in november what does that mean for voters do they still expect the president to have their best interests at heart we know there are a lot of advisors to have their ear your former colleague larry kudlow said there's always a good time to start good trade

policies i'm hoping that starts now especially as we close in on the mid terms. trumped is releasing. >> we'll find out. >> you didn't write that op ed i'm crossing everybody off the list i'm kidding. nationaltaxpayers union. thank you for joining us. >> go pats. get some confidence. still ahead, oil is on deck. economic sanctions and now new fighting in iraq the big story, oil is on the move the great helena kroft is here after the break. bracing for florence major hurricane may hit the east coast this week. we'll tell you when and where. stick around this wi-fi is fast.

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in many cultures, young men would stay with their families until their 40's. good morning and welcome back here's how your money and investments are setting up the day and week looking good dow futures up an indicated 100 points this week the anniversary of the lehman brothers collapse hard to believe already a decade to go we have stuff coming up on cnbc a lot of stuff brewing out there. guess what markets kind of shrugging all of that aside futures are up nicely. this morning, happy monday speaking of brewing, a potentially dangerous weather story is brewing this morning. hurricane florence expected to rapidly intense si phi into a massive storm. it could pose a risk to the east coast.

nbc's michelle grossman joining us with more on florence. >> good morning, brian well, these tropics are very active right now we are at peak season and the peak ends about mid october. we start to see a decrease in activity we are certainly seeing the activity right now all eyes on hurricane florence as we head throughout the week we have four days before we expect it to hit the southeast coast. right now category 1 storm winds at 90 miles per hour we do expect it to become a major storm later on today category or 3 higher by monday, category 3. by tuesday, 9:00, category 4 watch what happens, very low water, very low wind sheer two ingredients help to burt the storm. landfall at category 4, anywhere from virginia down to the carolinas. >> michelle grossman, thank you very much. gasoline prices at $2.91

people in california are like, what we're paying about $4. they say prices may drop by a couple of cents by the end of the month although that brings us to your oil story because lower prices may not last. the price of oil is high this morning. one of the world's biggest producer of oil. cnbc contributor thank you for coming in. eye rock deinvolving into sectional fighting how bad is it? >> it's very bad we've had the protests over the summer for the past couple of years. it's the main oil production region in the country. they complain. they don't have clean water, they don't have regular electricity. that's an issue when it's over 100 degrees in august. 17,000 people went to the hospital in august with cholera.

they're concerned about the health situations evolving over there. >> they see oil production continue to go up. >> yes. >> they see infrastructure continue to go up yet they don't have clean drink water >> this is very similar to nigeria. the people in those regions say the oil money does not come home we don't see the jobs. we don't see the benefits. all of the money goes to corrupt people in the case of eye rock we have yet. >> any indication that oil production has started to decline from iraq? >> what we've seen is threats being maids and some have taken them out if you were to have one facility or upwards 14 --

>> they're going to do it 4.4 million. >> iraq? >> yes, the second largest producer in opec it would be very meaningful for the oil market. >> if we lost 400,000, 600,000 barrels a day. >> yes. >> is there enough excess supply -- doesn't sound like there's enough excess supply. >> this is the problem with the market we don't have enough shock absorbers. opec has put a lot on. south korea has gone to zero in terms of iranian imports so there's not a lot of extra oil out there. we do have a problem if we have one more country experience an outage, we'll have a problem. >> you mentioned the permean

basin. this could come down what do you think? >> by year end we should have some of the infrastructure bottleneck clearing up you have people from pioneer saying we could be flat september to september that is part of the reason why we're very concerned. >> they like pine lines, they like people. >> right. >> sand, water for fracking? >> right this is a situation where we would not be back here the umpt s. production is not the superman super mommy. >> yes. >> gunner, come over here. >> yes. >> you brought your boy in at 5:20 in the morning. gunner, come over. it's fine whampt do you think about getting up at this hour? >> zble are you holding up coffee, double he espresso.

>> we like seeing your mom on tv >> i get to wear makeup. >> gunner, we're a family show at worldwide exchange. >> you didn't know i was going to do that. >> it's monday, raining. >> still to come, the week that shook the world. can you believe it's been a decade since the financial isis we're going to take a week look back and see how far we come when "worldwide exchange" moves on after this. imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com! no more lugging your clubs through the airport or

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i don't know about men, but there's a lot of rain. if you have to get anywhere by car or the mid-atlantic. leave early. the roads are a total disaster it's been raining all morning. good morning the future is up 100 points. there's a little ray of sunshine also, an early liftoff for spacex this morning. they launched from cape canaveral. it was carrying the health star vantage satellite. the satellite was deployed 13 minutes after takeoff. it should land on a drone ship stationed in the atlantic ocean. meanwhile, north korea celebrating his anniversary. the traditional celebration did have some notable differences this year, particularly the

absence of long range nuclear missiles president trump handling the move as a, quote, positive statement on the country's commitment to denuclearize. >> let's get a check on the top headlines outside of the world of business. phillip mena has the story. >> a man is in custody accused of wounding seven people with a knife and a metal bar. two british tourists were among the victims. a man allegedly of afghan dissent. >> seven victims were translated to the hospital. >> environmental officials have confirmed it's now in the tampa bay area

environmental management said hundreds of thousands of dead fish wrapped up with two massive explosions crews implodedment foundations the remaining platforms will be reused by the public out with the old, in with the new. >> nothing like a bridge demolition story to start your week. big changes coming at alibaba. jack ma retiring as chairman, but the reason may surprise you. obama got the boot former president 2e8s a story about how he was once kicked out of disneyland. that and the rest of the trending stories coming up and s. in fact, most patients who saw 90% clearer skin at 28 weeks stayed clearer through 48 weeks. tremfya® works better than humira® at providing clearer skin, and more patients were symptom free with tremfya®.

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the bulls looking to bounce back after the s&p suffers its first down week in more than a month. cbs ceo les moonves is out if you went to sleep early last night, you missed an amazing sunday night football game on nbc, or so we're told. an injured aaron rodgers making an heroic comeback to lead the packers back from major deficit. highlights at least for green bay on monday, september 10th as "worldwide exchange" hikes the ball right now ♪ call it a comeback

>> listen to the bass go boom. it's raining down like a monsoon. welcome back, by the way thanks for being here on cnbc. i am brian sullivan. do not call it a comeback because we have a lot to get to this morning kate rogers is now back with those. kate >> hi, brian here's what's going on on cnbc.com les moonves officially out this follows a slew of sexual harassment and they will search for a permanent successor. national amusements will not impose a merger for two years and six new ceo board members were appointed president trump calling out apple and tweeting that impact should make a situation.

the company telling people that it would have tariffs for the watch but did not mention the iphone hurricane could force a change back over to you. >> kate rogers thank you very much. we'll see you in a minute. also topping your headlines today, alibaba's jack ma retiring as the company's chairman eunice yoon is joining us. it seems like alibaba may have been forced to reply to a "new york times" story over the weekend which was essentially incorrect. >> reporter: yeah, well, that's what the company had said. there is a lot of information, a lot of buzz. finally we did get some actual news out of the company where alibaba did say that they are going to have a new chairman as

of one year from now jack ma is going to be overseeing the transition and he's going to stay on and complete his term as an alibaba board member until the agf in 2020 as for his successor, daniel zhang has been with the company for a while. he's been with cow bell and in his letters to shareholders, ma praised zhang for his analytical mind he holds dear his mission and his big question for investors as it would be for any company that has a dominant personality and founder like jack ma is what is the company now and the future without jack ma ma is the visionary behind alibaba. he's seen as the elder states man, not only of the country but

of the chinese tech scene in general. today jack ma's departure was one of the most talked about and people are praising him as a legend to ease investors' concerns ma addressed that in his letter saying alibaba was never about jack ma but jack ma will forever belong to alibaba. >> thank you very much google will appear before europe's top court tomorrow and the outcome could have major implications for tech companies around the world google is appealing to search. it's a power beyond their own board. google did not attend hearings here on privacy in the u.s. last week. former u.k. foreign

secretary and london mayor boris johnson sounding off on prime minister theresa may johnson said it wraps a, quote, suicide vest around the british constitution and hands the detonator to the e.u., end quote. they say johnson is likely to launch a leadership bid against may. >> it may be raining outside it's sunny and warm in terms of the futures. dow futures up 112 nasdaq futures up. optimism around corporate earnings, buy backs, the economy, what have you sending futures higher different story in asia. the chinese markets continue to be some of the weakest in the world. shanghai falling more than 1%. quick check on the european markets as well if we can.

they are higher, not by much, by 2% the italy bonds are continuing save my tied tongue and dig in deeper to the markets, celia hooper i made the mistake of trying to watch the packers game last night. i'm struggling save the show, christina this is a market which is kind of like aaron rodgers. it seems like it's injured, it comes back no matter when you think it's down, it powers back futures up again where is all of this strength coming from? >> the strength is coming from this perception that the u.s. represents relative safety so we're in this environment where it's not risk on/risk off, it is actually one of risk awareness. >> it's mazing how fast because a couple of years ago when china had a big collapse in early 2015

the general theme was, wow, china's going to bring the world down everything is bad. sell everything. now we're saying maybe china's losses are our gains >> well, a lot of it has to do with trade, of course. this perception that if the u.s. pursues an aggressive trade stance, which so far it has, that the u.s. is the likely winner certainly that's part of it. the other part of it is that fed policy has changed and the fed has gotten more aggressive in its tightening this is a very important story >> tightening was a dirty word, a four letter word in the last decade by our fed. is tightening now a bad thing for u.s. stocks and the market >> it hasn't been a bad thing yet because it's been gradual enough the first victims of the tightening has been the emc. there was an op ed piece.

>> talking about a different op ed different one, thank you. >> this was by the rbi, reserve bank of india's governor where he argued that what the fed is doing in terms of balance sheet initialization, we're running larger deference it's going to get worse as balance sheet normalization accelerates. that's a significant issue. >> higher oil, the ruppe is at an all-time low against the u.s. dollar the question is, okay, em's pain is our gain for now. >> for now. >> but at what point does em's pain suck the world down, including the u.s. equity markets? the rest of the world is a lot bigger than us the world combined is still bigger than we are.

>> that's the $64,000 question i think it happens when fear in our economic data and earnings that could happen as a result of trade wars. >> we haven't seen it yet. >> no, we haven't. the reason apple came under criticism was because it suggested it would pass on the cost of tariffs to consumers that's one way we can see it appe appear, if consumers come under pressure some are buying the washing machine market and so there are a variety of ways including economic calls for uncertainty by companies causing them to defer, delay or actually cease any kind of plans for business investment or additional hiring. >> because that's the bull case. the bull case is we still have maybe a trillion dollars of over seas money that has yet to come back to the united states and right now companies are putting it in treasuries, trying to

figure out what to do with it. you can't get a bunch of money, you have to think about it and plan about it. whatever leg you want to kucalli p may be the business cycle. >> that makes sense especially given that the tax legislation incentive advises it that is a likely outcome. >> em versus bi. that may be the theme for the rest of the year christina hooper of invesco. great to see you this morning. >> great to see you. a comeback of epic proportions. aaron rodgers, if you did not catch the end of last night's game, u'yore not alone we're going to show you the incredible highlights coming up. you remembered. it's good. does it make the short list? you remembered that too. yeah, i'm afraid so.

knowing what's important to you... it's okay. this is what we've been planning for. thanks, bye. that's what's important to us. it's why 7 million investors work with edward jones.

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- anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wanna play again? - anncr: prevagen. healthier brain. better life. welcome back 5:43 on a monday morning thanks for being here. sweet home chicago 4:43 better weather than here let's get a check at our top trending stories kate, not aaron, kate rogers. >> different spelling. >> the better way. hello again. john legend made history at the creative arts emmy he took home a performance in the performance of "jesus christ

superstar. he got an egot, emmy, grammy, oscar and tony former president barack obama is hitting the campaign trail ahead of november's mid terms. he had a personal anecdote to share. he told the anaheim crowd about the time they were kicked out of disneyland after getting caught smoking cigarettes on a gondola. not to worry, robert iger tweeted, he can always come back as long as he doesn't smoke. brian, i know you love this one. do you remember the browns bud light victory for instance placed in cleveland area bars. >> i have questions about this story. >> i think i might have answers. they were chained and pad locked to be opened only when the browns broke their long losing streak cleveland opened their season questioned with a tie against the steelers fans wanted to know if that was good enough for some free drinks bud light gave the answer on twitter saying unfortunately the

browns fridge opens with a win >> that was the question it was not a loss. >> it was not a win. >> there are very few ties. >> i mean, you're asking the wrong girl you asked me in makeup about the for instance. >> the for instanridges are sti. >> i'll pay for the trip myself. if they win six games we're somehow going -- >> are you in? >> tyrod taylor. >> what's your team? >> chargers. >> the chargers. okay >> i'm sorry, the chargers had a home game in l.a they played the chiefs the entire stadium was red it was sad no home games. you go back to san diego kate rogers, thank you. >> speaking of football.

high drama in last night's game on nbc packers quarterback aaron rodgers carted off the field in a second quarter with an apparent knee or leg injury. they trailed 17-0. rodgers came back in the second half and staged one of the biggest comb backs they won 24-23 look at that pass to randall cobb who scampered more than 50 yards. aaron rodgers cementing his role as one of the greatest quarterbacks. >> novak djokovic won the men's side of the u.s. open yesterday. that victory is djokovic's 14th grand slam title. still ahead, the week that shook the world. we are marking the megamarket milestone. ten years since the financial crisis. also ahead, your morning rbi and maybe the biggest gold find of all time. we'll tell you where and how much was found when we roll on making my dreams a reality

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this week marks ten years from the collapse of lehman brothers we are taking a look back at a special cnbc original documentary titled "crisis on wall street, the week that shook the world. here's a sneak peek including a conversation with tim geithner. >> just describe in layman's terms, if you could, how devastating you think it would have been if the worst happened and the economy had closed up completely >> hank paulsen said at the time in that days in september we were three days away from atms not working. i think it was best described as red lines across the country for a generation just like the great depression >> did you feel that at the time >> oh, yeah. i think we felt -- you know, we had like the balance of terror. >> what did that feel like

though in the moment >> well, you know, the crushing burden of responsibility i think the hardest thing was just trying to figure out what would work, what could we do what was the art of the possible within the constraints we had. >> was there a moment at which you thought, what's going to work >> i think there are two -- there are two of the scariest movements. the first was those weeks around lehman weekend before we had the tools we needed to break the panic and fix what was broken and prevent a great depression that period up and to -- up until when t.a.r.p. was passed and columbus day weekend, we were managing with tape and string we had very limited tools to contain what was clearly the worst crisis in generations. that was terrifying because we felt we were really at the edge of collapse.

greenspan wrote years later that the size of the shock at that stage in our crisis, the size of the shock to wealth, i mean, the fear of business failure to fault across the country was about five times greater than at the beginning of the great depression so it felt -- >> you can watch and you will want to watch the entire special. it is wednesday night at 10:00 p.m. eastern crisis on wall street. >> that was after a number of years. the economy has come a long, long way what risks still remain. joining us is gene frieda at pimco. a lot of us looking back at that time, gene, and saying, man, it was touch and go every single day. there may be new risks out there. do trade and tariffs pose the same kind of risks perhaps as the debt levels a decade ago

>> yeah, i think they pose a different kind of risk in some ways they're very much a manifestation of what we went through with the financial crisis with crises, you tend to encounter extreme fear once you get through the crisis, at some point the anger manifests itself you can see that anger playing out through the ballot box in terms of populism in a lot of different parts in the world people generally want to retrench from that perspective you can emergency globalization being an important secular threat i'm not sure it's akin to a financial crisis it's something much slower moving i would say a lot of people are focusing on liquidity as the new leverage from a leverage perspective we've gone from a world where debt levels are still very high but we have a lot more capital

behind that debt a lot more capital than we did ten years ago, whereas, in liquidity terms we have created a market infrastructure that is much more fragile and inability to move things around. >> what do you think the open risk is of all of this trade talk, trade fights, trade wars going on right now, gene >> growth. i think very simply it's growth. i was listening to one of your -- one of the -- an earlier part of your show and there was a suggestion about trade kind of being trade and the dollar and the fed being the driver of stress on emerging markets it's growth. really the surprise the first half of the year had nothing or very little to do with trade the surprise was we came into 2018 thinking we had a global is

synchronized growth was slower than in asia that was a blow to the emerging market so anything that affects growth i think is a big deal. so far trade has not really had any measurable impact on actual growth you can see it starting to affect confidence in different parts of the world it's starting to hit on what i would call stress fractures that are in certain parts of the financial system and starting to exacerbate the stress fractures. >> there seems to be a level of optimism that's out there, gene, despite the talk, tweets, paralysis, things are going to get done cooler heads will prevail and the trade tussless will be settled. what if they're not? what if tariffs are enacted? what if they stick >> yeah, i mean, i think that's -- inevitably you hope for the best and plan for the worst. i think from the perfect spigot

spekttive it would start to weigh more materially on global growth china's trying to engineer one of the most challenging i've seen but trade victims are rachetting up. it's going to be very challenging. one possibility is they jettison that and they try to stimulate in the old-fashioned way maybe it does, maybe it doesn't work that's trading a longer term problem for a shorter term palliative on the united states side we're seeing class sin signs of what happens when you go towards a more populus set of policies it looks great over the next couple of years. growth looks very strong at some point you're burning a lot of ammunition to fight future fires so from that perspective i think we could head towards a weaker dollar

world, a weaker growth world, a world that's not very favorable for the emerging markets but, again, because it's in no one's interests for this to happen, hopefully it won't >> pete williams -- i apologize for that thank you for joining us on worldwide exchange, gene time for your morning rbi. let's talk gold. in australia things are looking very golden. check this out in western australia, the mother lode one chunk weighs nearly 200 pounds most gold deposits are simply microscopic. all told the gold discovery is worth just under $11 million look at that chunk of gold that is -- it's not interesting, it is random and expensive rbe. how about that thank you very much for joining us on "worldwide exchange. dow futures up more than 100

points as well oil up as well on continued fighting in baz ra we'll see you tomorrow "squawk box" is next this wi-fi is fast.

i know! i know! i know! i know! when did brian move back in? brian's back? he doesn't get my room. he's only going to be here for like a week. like a month, tops. oh boy. wi-fi fast enough for the whole family is simple, easy, awesome. in many cultures, young men would stay with their families until their 40's.

good morning les moonves is out long-time cbs executive officially leaving the giant amid allegations of sexual misconduct. trump has suggestions for apple. the president calling on the tech company to make its products in the united states. and the east coast bracing for hurricane florence expected to make landfall later this week as potentially a category 3 or even stronger. we will show you the possible path of the storm. it's monday, september 10th,

2018, and "squawk box" begins right now ♪ here i am, rock you like a hurricane ♪ live from new york, where business never sleeps, this is "squawk box. all right. good morning, everybody. 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 andrew is off for the day. take a look at u.s. equity earnings after a down week last week, you are going to see some bounce back the dow futures indicated up just over 97 points. s&p futures up by 11.5 the nasdaq up by close to 40 points all kinds of streaks were broken last week. there were a string of up side weeks. we'll see how things shake up as we get closer to the opening bell this morning. take a look at