it's 5:00 a.m. at cnbc happy friday the futures are up again we could have another record high today even with walmart out with a big warning over tariffs. what the world's biggest retailer is saying. apple's newest product line hitting shelves today. the former ceo of google is out making a bold prediction about the future. and who says there is no such thing as free beer. why cleveland brown fans may be bleary eyed today. but no doubt happy on this september 21, 2018

♪ good morning good afternoon, fwooef igood ev and look at there. dow futures are up 106 points. we're coming off a record high for the dow jones yesterday. we talked about how we needed 0.8% this time yesterday, the markets gave it to you your stock investments at or near all-time highs. we could extend that today s&p 500, nasdaq futures are up s&p 500 also hit all-time highs as well. the russell 2000, big wins everywhere bond market, nothing happening stock futures still looking good it's not just america doing well everything everywhere this morning is riding high including the asian markets. look at this shanghai up 2.5%

hong kong market higher. japan, are you starting to see a trend? the nikkei 225 also up 0.82% the japanese stock market is up about 8% in just one month overseas in europe in their early trade, similar story a lot of green germany, france. i think they say it's all the markets. pretty much all the markets are doing well let's bring in our first guest every day we sit here on cnbc and talk about a trade war potentially and yet the markets power higher everywhere. how come >> i think there's a lot of risks and there are still risks we discuss whether it's trade wars, china,

political instability in europe, and those all exist, but maybe investors strayed away from the fundamentals s&p 500 companies giving us 20%, 23% earnings per share growth. european companies giving us similar highs for european trend numbers. companies are doing well revenues are strong across the world. yes, there are risks, but global growth is still positive you have the u.s. booming ahead helping the entire global growth picture look strong. outflows, though they've been negative in some parts of the world, at a certain valuation investors do come back in. >> is there anything to the idea that the market structure has changed so much that we're just not going to get the moves we have had the way people invest, etfs, that is altering the way the market reacts? >> i think the reaction function of markets will be different now

as there's increased levels of products, whether passive or technological solutions that investors may use. so things may be smoothed, but they can also be equally exacerbated after dramatic market selloffs or upticks for the etf products i wouldn't use that as a potential risk or mitigated risk i think you have to look at the fundamentals, what companies are delivering you earnings and what regions have the outperformance on a global basis. >> when things are good, we want to talk about risk what's the risk to the upside? what is the best-case scenario -- everyone is waiting for this rally to stall. what's the thing that could keep this market rally going globally what's the best case scenario?

>> well, i think on a theoretical framework, before i get to the good stuff, i will mention the key whisk and why that might be extended or mitigated. the key risk is that the business cycle ends in the u.s., causing a slowdown in growth and dragging down the rest of the world. we're then at a natural end of the cycle. the reason that could be pushed much further along is if we see a resurgence in productivity the real reason companies would struggle is because of higher interest rates, wages. companies can handle that if they're getting more productive output out of workers. and we're seeing a small bit of productivity coming back in the u.s. on an economic basis there's no need for a recession or slowdown to happen if we have positive economic momentum in productivity and in kooutput fr

glob u.s. companies >> nandini, thank you for your insight. have a great weekend in corporate news, the world's biggest retailer issuing a warning over tariffs courtney reagan has what walmart is saying. we have heard of walmart >> they're the world's largest retailer we talk a lot about amazon, but by revenue walmart is the largest. they're warning robert lighthizer, these tariffs go into effect prices may have to go higher for the consumer the first round will increase by 10% on september 24th and then 25% on january 1st look at this list. it took me several hours yes, sir. >> it's long and hard to understand i don't know a lot of the things there's a lot of chemicals and weird products >> would products, products that

go into beauty products. they also say carpet, christmas tree lights, patent leather, bicycles, golf bags. if all of those things are subject to a tariff, walmart says we will be forced to increase prices. >> could they buy american >> walmart has been trying for years. they had a big initiative and they laid out 2$250 pill o250 bt they wanted to buy in american made goods over the course of several years. they do a big event every year where they are trying to find more made in the usa products. so they have tried to do that. but i think unfortunately we don't have the manufacturing capacity to make these products here if they do, often they are more expensive. labor is more expensive here as well as a number of other things so walmart issuing a warning target has spoken out. both ceos talked about it in

earnings calls a number of products were excluded, but they have to do with children's playpens, car seats, swings. all products you need for babies, but that's a key market for target and walmart >> who says you don't need patent leather for babies or golf bags. >> also deodorant and shampoos >> nobody uses those those are not necessary. those are things you can use we'll see you in a bit thank you very much. by the way, sticking with the tariff story, micron also out raising the red flag the chipmaker saying gross margins could be hurt by the latest round of tariffs on china. micron beating on the top and the bottom line. micron's ceo on cnbc at 11:00 a.m. eastern. adobe buying marketo for 4.7

billion who is marketo they sell marketing software shares of steel case surging they expect better than expected results for the fourth quarter that sock up tock up 14%. on deck, it's a big friday on "worldwide exchange." we'll talk about betting big on america. that's what bnp paribas is doing. coming up, we're sitting down with the bank's u.s. ceo first a big day for apple and apple fans the company's new product lineup hitting shelves. we're live in london's flagship store with more.

. welcome back apple fans, today is your day. apple's newest product line is hitting shelves around the world. arjun kharpal is live inside london's flagship apple store with more on the anticipation. >> brian, i've been here all morning. i've been speaking to a lot of people quooeueing, some since ls i've ne evening. they are all excited about this.

i spoke to one person and asked about the price. i said are you willing to fork out $1,099 for the device? he said price is not a consideration because the smartphones are taking over a lot of gadgets we used to use. one says what do you check your e-mail on? your laptop or tablet? no, it's the smartphone. so a lot of people see this latest device as innovative and one that can replace many other gadgets. those buying the iphone xs and iphone xs max are those who never bought the x they say we're on an iphone 7 or iphone 8, now we want the latest so the price is not a consideration, but the key thing is the key metric wall street looks at, the average selling price. many analysts have upgraded what they think the average selling price will be for the next fiscal year. they think it will be in the

region of $793, that contrasts with $720 in apple's last quarter, and the market is looking at whether consumers will be turned on more high priced phones oron the xr. >> arjun, thank you. don't get in the way of someone and their iphone xr. we need you. thank you very much. in honor of today's big product launch, we decided to fire up the old "worldwide exchange" time machine for a look back at one of apple's biggest product launches not too long ago apple launched the apple iphone 5s and the 5c prices were $649 to $849, relatively inexpensive to the 1,099 price tag. over the past five years apple

stock has benefited. it's up a cool 230%. wow. you owned it, you could certainly afford their products. a lot can happen in five years, which, by the way, is the focus of nbc's newest drama called "manifest. catch the premiere 9:00 p.m. central time in other gadget news, amazon debuting a number of new products and device updates. they unveiled a new design for echo products and they are selling an alexa powered microwave. also a wall clock. amazon shares are up a half percent this morning former google executive eric schmidt making a bold call about the future he predicted there will be two internets within the next decade one led by the u.s., the other

by china we already have that kind of his comments come as it is said google is working on a censored version of its search engine in china. sky hitting the auction block this weekend we'll have a live report on that ahead. and here you go, cleveland it's a browns beer bonanza daily daily to you we'll tell you about the beer fridge opening up because of the jets you're welcome numbers to examine investment opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence.

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welcome back the battle for sky, the uk skae satellite broadcaster is heating up in a winner take all battle julianna has more. >> this weekend is poised to be one of much excitement for sky yesterday we learned that the uk takeover panel decided to launch an auction to resolve the bidding war between fox and comcast. let's look at what we can expect from this auction. it will commence this evening, 5:00 p.m. uk time. it will last for about 24 hours. we'll know who is the winner tomorrow evening the auction will consist of up to three rounds of bidding and all offers submitted will have to be in cash. in terms of the rounds themselves, the first round will

be kicked off by fox, who is currently in the underdog seat then in the second round comcast will have an opportunity to counter bid. they will have this opportunity regardless of whether or not fox bids higher in the first round finally in the third round, should it get there, fox and comcast will have an opportunity to put forth their best bids again, all of this will conclude saturday evening we will hear the outcome of that auction very shortly after let's have a look at where things stand heading into the auction. comcast in the lead with an offer of 14.75 pounds. fox is in there with a bid of 14 pounds remember, fox is being backed by disney after disney and fox secured a deal earlier this year sky shares are trading well above both of these levels as they have for some time suggesting that investors firmly believe higher bids are in the

pipeline >> julianna looking at the auction. i have a feeling we'll speak with you monday when the auction finalizes. president trump holding a big rally in las vegas last night. in washington continue verscy contin controversy continues to surround his pick for supreme court. tracie potts has more. >> now there's a negotiation going on about whether or not and when dr. christine blasey ford will testify here it looks like they're pushing that for monday. she says she can't make that date, to possibly next thursday. in an e-mail obtained overnight by nbc news, attorneys for christine blasey ford say she is too busy dealing with death threats to prepare for the hearing on monday. written testimony before this morning's ted line wondeadline h everything else they say is

negotiable, including an fbi investigation. >> let them give us an impartial report what is so difficult to do that? stop the playing games >> ford is asking that kavanaugh not be in the room when she testifies, and she wants him to go first they're asking the senate judiciary committee to limit cameras and she wants the committee to subpoena kavanaugh's friend, mark judge, who she claims witnessed the assault. sources say they did agree to guarantee her security. >> let it play out i think everything will be just fine this is a high-quality person. >> president trump in las vegas last night standing by his nominee. as dozens are arrested on capitol hill standing by his accuser. the other thing kavanaugh's accuser says, dr. ford said through her lawyers she does not want to be questioned by a

lawyer in this hearing it's something that republicans were considering having a female attorney come in and conduct that testimony >> yeah. just continues to heat up. tracie potts in washington, d.c., we'll see you on monday as well have a great weekend still to come on "worldwide exchange," they say a picture is worth a thousand words, but this one ended up paying off big time we'll explain. and bnp paribas, one of the biggest banks of the world is betting big in america coming up we're sitting down with the ceo for bnp paribas usa about their growth plans here and the ob mke glalarts

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unrelenting speed in more places. is also the company that's redefining what a provider provides. comcast business. beyond fast. unleash the bulls. wall street and your money set to open at another all-time high futures are soaring. one of the biggest banks in the world betting big on america. we'll speak with the ceo of bnp paribas usa. and free beer. how is that? cleveland browns fans may be hitting the snooze button this "worldwide exchange" will rock on good morning, cleveland, we go on right now 1-1-1, sounds good in

cleveland right now. good evening and good afternoon. thanks for joining us on this friday we have a lot to get to, including some great guests. first, a check on your top headlines. walmart out with a big warning on tariffs the retailer says it may have to raise prices on certain products if the trump administration slaps trifs ariffs micron out raising the red flag the chipmaker saying gross margins could be hurt by the latest round of tariffs. those comments overshadowing what many may find to be a positive quarter for the company. apple's newest product hitting the shelves today. customers around the world lining up to get them including the iphone xs, xs max, and the i

iphone xr. all of those available beginning today. let's check the other top headlines outside of the world of money and business. phillip mena is in new york with that >> good morning. the russia investigation is reportedly getting some help from president trump's former long-time lawyer michael cohen abc news reported that robert mueller's team sat down with cohen for multiple voluntary interviews in recent weeks cohen's attorney said his client provided critical information about the investigation into alleged collusion and possibility obstruction of justice. cohen pleaded guilty to federal crimes last month. mexico's massive volcano erupted twice on wednesday near mexico city. ash and smoke shot 10,000 feet into the air the second eruption rattled to

life three hours later spewing another large plume into the air. start your engines and gear up this is the ultimate race between a fighter jet, a super bike, a tesla and three sports cars it was held on a runway at a new airport in istanbul. guess who won? the super bike it took first place. it won by 0.04 brian, i feel if you were driving one of those cars, the outcome might have been different. >> i probably would have driven into the ditch who would you have bet on? who would you have bet on prior to the race? >> it was 437 yards, that's not much >> what a weird amount >> metric system, maybe. i don't know it happened in turkey. i would have bet on the plane. >> i guess it takes a while. it's slower to get going, but it is a jet, but the bike is light.

has a lot of torque. look at that by the way, if you're racing from turkey to america, my bet would be on the plane, because the other ones would sink. >> smart man you're on to something >> genius. physics. thank you very much. here's how your money and investments look now if you bought the stock market a few years ago you probably look and feel like a genius brett, you go out tonight just brag and say you bought everything fox institute ch stock futures another record high the s&p 500, russell 2000, all hitting new highs despite 3% yields, the possibility of an increased fight in trade, the emerging markets threat. the markets keep going higher. overseas in asia, big run for china. shanghai up 2.5% japan up again european markets are higher.

we'll talk about all of this with the ceo of bnp paribas. let's tie this altogether with a man who has another great view, albeit from minneapolis, minnesota. craig johnson from piper jaffray. i have to say it, you were spectacularly right. months ago you came on this program and others and you said we'll get a hop, a drop, a pop the markets would look shaky, then they would take off man, you nailed it are you even surprised, craig, by how strong this market has been will you just be like, yeah, i knew it. >> i'm definitely surprised by how strong the market has been good morning happy to be back on the show thank you for having me. from my perspective, i put out a piece called will this be a breakout or a fakeout. i'm growing more concerned there's a lot of good things

happening in the market. economy chugging along nicely. unemployment rate is very low. we are seeing wage increases happening, but a lot of good news looks to be already sort of baked into this tape here specifically is what i'm watching the popular averages are breaking out to new highs, when you look below the surface you notice that the number of stocks from very simple metrics like are you above or below a rising or falling 200-day moving average, those are not expanding at this point in time. those have been contracting the last several months. as i look at the new highs we have less participation than in the january time frame the last time i saw this kind of activity happening was in 2006 and 2007 so while things are great now, the party is on, i think you have to be careful that we don't get too carried away and it feels like to me from a

sentiment perspective we're getting fomo building up, the fear of missing out. when we get to those phases, that's where i want to pull back a bit and wait for this market to come back to me, which i think it will between now and the end of the year. i want >> i want to write the headline, tell me if this headline is accurate man who called market rally now thinking rally overdone, correct? >> correct brian, let me add to this, we have this midterm election coming up. >> heard about it. >> we've heard about it. one thing i'm observing at this point is we are not even close to the normal seasonal pattern for midterm elections going back to 1928. we should normally be strong until the may time frame, then weak from may to september or october. right now we are about 14, 15% above that normal seasonality

trend for midterm election years. to me it feels like a lot of people are taking the attitude, hey, don't worry trump is in the white house. everything is great. not to make this political, everything will be great going forward. no need to worry raise the price targets, here you go my answer is usually history tens to rhyme. it may not repeat, but right now it's not clearly rhyming >> i hear you. here's the thing september historically the worst month for the market we're hitting new records. so the september historical tren blown out of the water there's nothing normal about this administration, not in a good or bad way, it's just abnormal a former democrat, who is now a republican president and who is different, put it that way etfs and passive investing to a level we never had how good do you think history is as any kind of guide >> i think, again, things will

change companies will change. management teams will change but the psychology of this market never changes i will simply say when people look at their statements and they're moving up and they go to the cocktail party or they go to the vikings game and are talking about their investments, you're entering that fomo phase when nobody wants to talk about stocks, you're getting close to the washed out that doesn't change over time regardless of the vehicle. when i look at this market and i see less participation, and in our work i have about 50 and change percent in our stocks in an uptrend so it's really a handful that continues to push the tape up. >> is it panic buying or the opposite of that because it's just a couple of donkeys pulling the entire market cart >> i don't know if it's panic

buying yet >> china is up this morning. europe is soaring, everything is in the green >> everything is in the green, everybody is saying, wow, everything is going great. all these negative concerns, nothing seemingly to lean on in this market. when i see that activity i get more cautious. if you go back and look at the long-term chart of the shanghai composite going back to 1996, we are at a point in time -- by the way, the shanghai composite has gotten to be down around 25%, 26% from the highs this year alone. now we're challenging that long-term uptrend support line a break below that would suggest another leg lower. so, i think you have to be more cautious given that people are getting more and more excited about this tape. you need to be fearful when people are greedy and greedy when people are fearful.

you're getting closer to that. people are getting greedy phase. that's when i want to step back and wait for the market to come to me. i'm sitting with a 2050 year-end price target i'm sticking to my conviction that i think this tape will come in between now and year end. >> don't take the heat if they give you grief, you call me i'll call them you have been right on the mark. you have been right on the mark, craig johnson. sales and trading, you have been right. thank you very much. >> we will hear more about this record rally with blackstone president jonathan gray. he will sit down with cnbc today at 1:00 p.m. eastern time. what do they think about this rally? we'll find out in the sports world, maybe the unthinkable has happened the cleveland browns won their

first game in 635 days you're welcome, courtney reagan. they were down at halftime tyrod taylor, great quarterback, he got hurt. baker mayfield, their first round pick comes in. they do the cleveland surprise a little trickery. he catches the pass for the comeback win the baker mayfield saga, i guess, scenario, era has officially begun in cleveland. that leads us to the top trending stories courtney reagan, miss ohio, do you have any browns fans in your family >> my brothers >> you like ohio state which drives me nuts because i love you so much, but i can't buy the ohio state thing >> you understand being a fan. >> but ohio state could beat cleveland. >> they could. but my brother is a huge browns fan. he and his sons have to be happy. >> is that the family i met in dayton >> that's right. >> beautiful family. >> thank you >> sent me a picture of the boys

with helmets on watching the game when i went to bed it was 0-0, but the browns finally won fans got even more satisfaction with the victory fridges remember those bud light placed them in area bars, they were finally unlocked fans enjoyed free beer in honor of their first win since christmas eve of 2016. if it wasn't the beginning of our day but the end of our day i would crack one open and make you celebrate. >> one day i was tired, i made a promise if they won six games, we'll bring the show to cleveland. i think they could do it that tie, what if they win five and there's a title. >> 21-21 tie, what a way to win. the browns had an unexpected visitor in the stands for their victory. a fan cap chored video of a opossum hanging out between the rows of the seats.

another fan took matters into his own hands. he picked up the opossum and handed it over to stadium security look at that i don't think i would go after that >> no. yeah okay >> he's a feisty one >> you knew there had to be something else couldn't just be a victory something else had to happen >> remember the pranksters who hung pictures of themselves at a local mcdonald's they're being rewarded the two received $25,000 each courtesy of the chain, and they will take part in an upcoming mcdonald's campaign to mark diversity. they got this news on the "ellen" show she had a prank of her own where she made a poster of herself and hung it up their marketing dreams are coming true. >> now they can by browns season

tickets. >> i have one more >> is this the pot craze story >> yes >> a toronto-based marijuana company is looking for new employees with a specific skillset now that canada is legalizing cannabis, the company is looking for expert level connoisseurs to join their cannabis committee. they will pay $50 an hour and the employees will assemble a sample pack of different varieties. it's really big business so why not have a connoisseur panel. >> i have a feeling they will have no problem filling that >> yeah. >> as dominic chu would say, they're going to smoke pot the mary jane? >> the reefer? >> courtney, thank you very much a few big upgrades crossing they slapping a $38 price target on it ubs says it believes the stock

is trading at all-time low valuations at&t's stock down 14% this year. jpmorgan chase removing its underweight sell on under armour the firm is putting a $20 target on the stock exactly where the stock is trading, at least they're not saying sell. betting big and banking on america. that's literally what bnp paribas is doing coming up, we're sitting down with the bank's u.s. ceo, jean-yves fillion. first, facing florence the hurricane may be over but farmers are just dealing with the aftermath. seema mody is live for you in north carolina with more >> due to florence, farmers are facing a shortage of crop. we'll tell you about the impact of this storm on the agricultural community and how that may impact your

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that's why due to florence farmers here are wringing their hands. we're at scott farm's 14,000 acre operation they have corn, sweet potatoes, but the floods potentially damaged a lot of crop. north carolina is the biggest producer of sweet potatoes the more they have to wait to har harvest, the bigger the risk >> we have a narrow window where we can get them harvested. we have to harvest them before it gets cold it's a problem you deal with up front and also a problem you deal with down the road. >> north carolina's poultry industry also suffering. one farm warned in a statement

that bird losses from florence will affect its fourth quarter hogs, 5,500 hogs have died due to hurricane florence. that's larger than the 2,800 that died during matthew another unfortunate scenario, lagoons are at risk of releasing pig waste into the floodwater. all of this comes as farmers are facing a lot of challenges with the trade uncertainty. farmers are reluctant to talk about tariffs. but we spoke to a farmer about 40 minutes away from here who says he welcomes the idea of leveling the playing field with china, though due to florence he expects a po% to 30% to 40% dron dro profits. >> we understand some of these rivers may not be done cresting or close to it >> that's right. we were at river neuse

yesterday, it's 25.6 feet above flood stage. it's expected to crest in the coming days. because these farms are so large, a lot of farmers are using drones to survey the damage caused due to floor lens. when it comes to a crop like sweet potatoes, they are underground. so it's hard to assess the damage caused. they want to start harvesting soon, but because of the water damage they're not sure if they can get that started right away. it's a big problem >> tough times still to come be safe. see you soon that leads us to the rbi we're doing it early because you may have seen on wednesday on cnbc we spoke with supermodel petra nemkova and after barely surviving the tsunami 2004, she runs a claritire charity. after seeing the story on cnbc,

a donor felt compelled to donate $1 million to rebuild disaster struck areas we will call this not random but interesting but random and important. a big thank you to that donor. a great cause. coming up, you will hear from jean-yves fillion, the ceo of bnp paribas usa he will join us when "worldwide exchange" rern tus.

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time for a special interview on "worldwide exchange." you've heard the name but may not realize how big bnp paribas really is. the french bank is the largest in the eurozone by assets. it employs nearly 200,000 people in 70 countries and has 2.5 million clients. a huge retail presence in the united states. bnp paribas owns the bank of the west and first hawaiian bank

we are joined in a cnbc exclusive by the ceo of bnp paribas usa, jean-yves fillion thanks for joining us. >> thank you for having me >> we are going out worldwide, so you will be speaking to clients and investors around the world. i want to ask you, many of your compatriots in europe have been pulling back from the united states bnp paribas made a decision a few years ago under your leadership and others leadership in france to expand in the united states. how do you compete with rivals like jpmorgan? morgan stanley, goldman sachs? >> the u.s. banks are extremely strong, well capitalized, well managed, they are in the most competitive market in the world. the key risk factor for an international bank in the united states is to be targeted to be targeted with your clients, to be targeted with

your product offering and to look where your added value is you stayed well, we have grown organically, diversified platform, retail, wholesale. retail brings the steadiness of revenues to deposits and our activity is covering u.s. corporate clients, institutionally domestically and as well as anybody else in the product suite we have, but also supporting them outside of the united states, 77 countries, three main regions it's been good to us the transatlantic dynamic, taking european clients, or the transpacific clients deep into the u.s. market has been successful >> why invest here when we've seen so many banks in europe, we note names, deutsche bank shrinking, some bigger french banks have pulled back, why go the other way than other banks in europe? >> two main reasons. this is the largest market in

the world. as long as you can be mar gtarg you know where to go and this is the place to be. the second reason is to be where my clients wanted us to be we have a lot of european clients invested in the united states by the way, corporate america has become more and more global. >> let's talk about emerging markets, you're in over 70 countries, bnp paribas, you have lived and worked around the world. jamie dimon the other day in india made a comment about the emerging markets listen and respond to jamie dimon. >> i'm not really concerned. you have -- put turkey and argentina aside where you have serious issues, the rest of the emerging markets are doing quite well america has gotten stronger. the dollar has gotten stronger that's good for the world. the world is growing so the emerging markets, it's

more like teething pain. and they're not all the same i don't think they should evenes anymore. >> i think jamie dimon surprised a lot of people with that. do you agree with him? >> emerging markets is a large definition not every emerging market is built equal. there is one common feature. the fed hiking because of the strength of the economy here, that's impacting the ones who are indebted in u.s. dollars having said that, i see a lot of them taking measures, working on their budgetary issues, or currencies, and the dollar potentially whaeakens over time some of these countries will have a better chance to thrive or recover we have a 3% ten-year yield.

are you surprised at the strength of the u.s. markets given that we now exist in a 3% yield environment, which a couple years ago people said we will never get there we could never withstand it. >> i'm not surprised i spent most of my time with clients and ceos, i see how well they do. having said that, yes, the strength of this economy is amazing. the yield curve, listen, had we met here five years ago we might have said it's a signal for a recession. i don't think this is the case here i think it's the flat yield curve we have today, it's a combination of factors, the short-term hand of this curve is pushed up by the fed hiking and by abundant issuance of short-term treasures, but the longer term shows long-term investors are skeptical about the ability of this country to keep going at the same pace. doesn't mean it will be bad, but

maybe not the same pace and speed. >> jean-yves fillion, ceo of bnp paribas. thank you very much for coming in. >> tha ynkou for having me >> we'll see you monday. "squawk box" begins right now. i earn unlimited 2% cash back on everything i buy. and last year, i earned $36,000 in cash back. that's right, $36,000. which i used to offer health insurance to my employees. my unlimited 2% cash back is more than just a perk, it's our healthcare. can i say it? what's in your wallet?

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the dow and the s&p 500 logging record highs mike santoli in addition to reading the teleprompter and bringing you the news will tell us whether the rally is running too hot or just getting warmed up >> going to weigh in >> he will take the temperature of the market. an oral thermometer. yeah trade war warning. a retailer and a chipmaker

warning about the impact of chinese tariffs. and it's finally open. let's open up the bud light or whatever it was. baker mayfield helping cleveland end a 635 day doubt who is the loser here who else the beer fridges are open. it's friday, september 21, 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" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and mike santoli. andrew is off today. ek futures are up once again. you saw the s&p 50