zbleefrmts 5:00 a.m. at cnbc here's your top five at 5:00 the futures right now, they are lowered in the trading week. this even as america and china reportedly inch closer to a trade deal in a few hours attorney general william barr will hold a news conference what it means for you, the investor, coming up. a sea suite shake-up at jp morgan chase two female executives in top spots. which one might replace jiemy dim dimon. the market may be saying so. we'll show you why and it is profits versus potential. two companies you know prepared

to make their public market debut on the street today. >> thank you for joining us. markets are closed tomorrow for good friday. it is going to be a very busy day here from washington to wall street that is a live shot of the u.s. capital where attorney general william barr delivered a reda redacted version to congress in a few hours it will be releading. both parties, no doubt, gearing up to dig in and use it to make their case for and against the president. much more on the economic and investor impact coming up in just a bit first, to business new business this morning.

>> this is zoom at $36 a share that's above an already increased range of $28 to $32. zoom, which will trade under the ticker zm, is bucking the recent trenld of ipos that is profitable reporting net income of 7.6 million last year on sales of 330.5 million. by the way, big day on cnbc. you can catch both of those newly public ceos later today on squawk alley once those shares begin trading. now to your markets on this busy thursday morning as we noted, futures are a little bit in the red to wrap up

their trading week here. dow futures 80 s&p and nasdaq futures are already down of course, the dow and the nark both marginally higher this year the nasdaq this week -- the nasdaq up 20% this year. as we told you on cnbc yesterday, the nasdaq 100 hitting a new record high. >> they are mostly in the red, as you can see not beg declines across the board. we are seeing japan and china fall this despite continued discussion that a trade deal between the united states and china is very, very close to being formalized let's also get your check on the early trade in the european markets as well. the major european markets as you can see there, they are all down not large declines

down 2.3%. their markets are all up from half a percent to over a percent this week. whatever happens today, there is a big question still hanging over the market. >> do you think the stock market is its own beast and may be telling us a different story >> we're seeing some slower growth in 2019 because what happened was last year had a big boost from the tax cuts in 2018, so a bit slower growth this year it's not alarming. we're still seeing good job

growth, good consumer spending the objection are adding to household wealth this is not a recession scenario that's going to be favorable for the year >> you think the market rebound from that december collapse is justified? >> i think it is certainly is the corporate earnings, the corporate earnings are on track. we've seen some weakness in some spots. most importantly, economic fundamentals in termds of employment, consumer are really in place >> you know, yefry, it's not just our markets the asian markets have been hot. the european markets have done fairly well as well. the majority of global assets, whether it's oil, bonds, whether it's equities, they're all up. do you believe that move is justified? >> we also think that is justified. especially, you know, relative to where we've come from after last year. having said that, the important thing is where do we go from here would we be adding to equity ek posure do we see even better times ahead? i think the jury is still out on that earnings so far in the u.s. and if you look at the china data, i think the outlook is somewhat

mixed. >> you recently cut your s&p total estimate down about 3% your estimate for 2020 is up from even your higher bid at the first time do you believe we will still see earnings growth in the s&p 500 just maybe not to the pace that we had seen prior? >> absolutely. we need to realize that we've come off an exceptional year, right? high teens plus 20. you know, those numbers, those are exceptional numbers. some normality, some mean reversions alleges to be expected this year 3% next year, 2020 as you said we were up at 7%. that highlights global gdp nominal growth if you are central banks, if are you fine with that, they would say, yeah, absolutely. >> the one thing i like about having you on is because -- you kind of get a view of the macroeconomy and also dig down

into real estate from your perch there, how are you seeing it? >> it has a good year ahead of it it had the strong economic fundamentals the most important thing is the demand for leased space, leased commercial real estate space that keeps on growing. we've seen a lot of construction, a lot of sectors there's demand that is matching that construction. >> i assume people don't take leases out unless they believe they're going to have employees to fill those spaces or to have boxes to fill those spaces >> that's right. these are people who have a good business need for that space that's reflecting stronger activity in the rest of the economy. it's a good barometer overall for the health of the economy, and it's got a good year ahead of it still. >> what's the biggest risk that you see reason globally? >> i am still quite worried about the state of margins right now. it's basically what central banks are saying they are looking at rising wage

costs so a tight labor market. that's great it seems like people are not spending enough whereas firms, they don't have enough pricing power. right? how do they pass on the costs if there's no significant inflation, and that's why central banks especially the fed, there's discussions about letting the economy run hot for now. we really need to see this ppi, cpi divergence and where that leads corporate earnings up ahead. >> i know you're opt knicks, but what do you see as the biggest potential risk >> you are looking for over construction and worries about higher interest rates. >> over construction >> not at all. some sectors, where there is a lot of activity, the demand is calling for it we see low vacancy rates that's good for rents and property prices. the other risk would be if interest rates would be moving sharply higher we're seeing the fed saying they don't need to raise rates. if you would look back over the past 30 years or so, rates have gone from very, very low to very low and now they're stuck at

low. just good financing environment. >> calvin and jeffrey, great discussion kick off our day thank you very much, guys. do appreciate it >> meantime, one of the hottest m&a spaces cannabis getting hotter. this morning frank holland joining us now with this deal. frank. >> good morning. shares of canopy growth, they are higher as the canadian pot producer is nearing a deal to buy acreage holdings source are telling cnbc that they were skelked to speak on the phone after two weeks of discussions. the announcement could come as soon as today. acreage holdings is one of the largest vertically integrated multi-state operateors in the u.s. it's gained attention from investors partly due to former house speaker john waner who is a director at the company. canopy growth is one of the world's largest cannabis companies. it sold more than 10,000 kilograms of weed and related products, and analysts say it controls just about one-third of market capacity. last year it got a $had billion investment from constellation brands, the maker of corona

beer there are reports that this acreage deal could create some issues for canopy and its home market companies listed on its toronto stock exchange are currently not allowed to own any stakes in illegal operations you have to remember that marijuana is still illegal under u.s. federal law despite it being legalized in 33 states for medical or recreational use. this morning canopy shares are definitely up. they're up more than 5%. acreage shares, they're up about 25%. that's over in germany overall, pot stocks, they're in the green this morning brian, over to you >> frank accident thank you. see you in a bit it is 5:10 a.m we are just getting started here on worldwide exchange. on deck, samsung on the defensive after multiple reports of its new $2,000 foldable phone breaking on reviewers. plus, a fed fight. why herman cain says he has no intention of withdrawing his name, but before that could chevron's buy-out of anadarko be at risk of another bidder stepping in?

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zbliefrmt welcome back could chevron be at risk of losing its $33 billion bet on anadarko the markets may be saying so check this out the arbitrage on the deal has

gone negative. the spread last night closing at just under a negative 2% trade rerz making real bets that anadarko could get a higher offer from somebody else if those arbitrageurs are correct, of course, there is oxidental petroleum. david faber has talked about it. oxidental made a bid of $70 per share for anadarko investors preferred the chevron offer. ably every my sources tell me that oxidental have been aggressively calling around to investors. >> bp's $11 billion deal

that closed last year. the company finally has freed up cash to all those payments related to the 2010 oil rig disaster market cap has not risen like the other majors recently, and bp could feel pressure from shareholders to get larger the name that seems to be generating much interest on desks, one that traders are kind of chattering about the most right now is royal dutch shell shell already has a joint venture with anadarko in texas making the tie-up easier it is also a customer of anna dark yoes ae lng assets in africa, making a 13-year supply deal for lng earlier this year shell has been selling off non-core assets and raising cash and is a fairly weak player in the permian basin. something investors want to see grow they want more than 230,000 barrels a day.

still, the negative spread something to watch the spread in that deal is more negative than at any time since that deal was announced back on april 12th all right. for more now on the energy complex and everything that goes into it, joining me now is thomas mcnulty, managing director the corporate advisory evaluation services at great american group tom, i know you're not a single stock analyst, but do you have an opinion on anadarko based on that arbitrage spread? do you believe it's possible somebody out there could come in with a higher bid for apc? >> i think it is possible, but it probably wouldn't be a great idea the chevron anadarko deal is almost perfect in a lot of ways.

it's a smart deal. it's not just a multiple slapped on the number. a lot of simulation models it's possible. this is a really good emp. >> i want to make it clear that just because that arbitrage spread is negative, it doesn't mean -- it simply means that if you were long one stock and short the other, that bid has flipped, and reversed. it's fairly rare in a deal like this that's why we're paying attention to it. >> that's right. >> what makes the permian so attractive right now >> a lot of the economics have changed. we've seen a lot of hard work on the cost side. you probably saw even on this channel the exxon ceo said they're going to move in the permian and be able to make double digit returns on $35 oil. i think that the -- when you are -- especially when you are in houston, you see daily hard work on efficiency cost, every day people trying to find a way to make everything more efficient. there's going to be an ability

to make money at lower oil prices >> i guess the -- you remember the cashage patch kids remember those dolls everybody went from two years, and they went away, and i do wonder if everybody streaming into the same place, could valuations get to a point where whatever your cost cutting ability is, will it make sense >> i think that right now there's still room for deals i don't know that we'll see a copycat deal of in size. >> it's a big one. >> we're seeing, though, the potential for more deals midcap, small cap, and lower for example, the names you'll hear about chatter in houston diamondback pioneer always has a target, but what people aren't talking about is why aren't they talking about maybe getting together that's something that could be happening. it's hard to say still room for transactions. i don't know if we're going to see a mega deal. >> it's reading between your lines. i mean, i think what you are saying is very drew, which is that everything we've talked

about for years, you've got to be big now you need the economies of scale. do you believe that whatever ends up happening with anadarko, that more deals are certainly on the way. >> i think so. i mean, again, back in houston market, you hear people talk about there are too many companies. a lot of it has to do with capital. we have a lot of capital, a lot of management teams and a lot of entrepreneurial spirits. athroughout the energy complex, especially in oil field services, upstream and midstream, there are lots of companies, and they're competing every day with each other. if that number declines, you'll have more pricing pressure, a little bit more economies of scale. >> yeah, because the one thing you do hear in the permian all the time is that there are too many producers and not enough service companies. they can't get truck drivers they can't get frack sand and water. you need that scale to be able to officially take the assets that you have got from the services that are available. that's the side that it's not sksy it's really important. >> that is -- people talk about that all the time in that market

that's a very important and common theme >> you are surprised by oil's 35% rally this year, tom >> a little bit. i think that there's a push-pull kind of movement you have a lot of the geopolitical news that are put upward pressure on prices. people forget about all the drilled uncompleted wells. >> the ducks >> the ducks there are over 8,000 the production capacity is there. it's almost like inventory on a shelf. i think that in this complex, there is an effort to be able to make money at lower prices i think over time there's gravity. i think that it puts pressure on a lot of the farm producers, opecs, and russia because our guys can really -- >> quickly, do you believe whatever happens with anadarko, that deal will be a good thing for investors in the macro investors and energy for ten years have gone nowhere. everyone has been waiting for that deal door to open up. it's open now. is that a good thing for investors on a macro sense >> i think it is you see bankers all over the

place. there is a lot of pitching going on a lot of -- i think the door will open. it just may not be a lot of big mega deals, but a lot in the midcap and below >> i actually recognized a couple of investment bankers on my flights to and from we all kind of looked at each other. they looked at me and i looked at them, and we nodded and went back to you are books. thank you very much. i appreciate it. >> good to see you >> coming up, attorney general william barr dlifrelivering a redacted version some democrats already crying foul we'll go live next a judge gave elan musk and the s.e.c. two weeks to settle their differences and come up with some kind of a plan. that was two weeks ago today 'lte ynsow happe n wel llou next. unpredictable crohn's symptoms following you?

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snierchlts first quarter erjz and revenue topped led by growth on their macau casinos revenue nor the enclave rising 12%. up more than 30% this year stock number two, unilever hitting an eight-month high. up 3% right now. the consumer products giant reporting better than expected sal

sales. federal judge allison nathan said she was not pleased that. s.e.c. lawyers were -- and in response to his tweeting, he told they had until today to negotiate a compromise well, it is today. you can see if the two sides put something out. >> a long anticipated day in the nation's capital snoo that's how long the investigation took now it's over the report is supposed to be delivered to catholic toll. on cd interestingly. to members of congress and then posted on-line for the rest of us, but before all of that we're going to hear again from the attorney general democrats don't like that. they think he is trying to control the message. >> nearly two years in the making, and finished almost a month ago the mueller report goes public today.

>> attorney general barr will be giving a press conference. i think maybe i'll do within aun of that. we'll see. >> barr's briefing at least an hour and a half before the report's release isn't sitting well with critics. >> you don't need my any more press conference oorz summaries. we don't need any more spin. we just need so see the words of the report nearly 400 pages according to the washington post. only lightly redacted. revealing much of special council robert mueller's work. >> i just wish that the mueller team would come forward. >> the justice department says he won't be at today's news conference it is "new york times" reports the white house was briefed on mueller's conclusions as they prepared a response. if too much information is back blacked out, democrats stand ready to demand the full report. >>. >> on the sumts it's most had he havely redacted.

>> in a court filing the justice department says they'll provide nearly the full report to a limited number of lawmakers and congressional staffers now, what is the public thinking about all of this? six in ten americans tell the associated press whatever this report says they do think the less e president obstructed jugs and they want congress to continue investigating >> tracie potts in d.c tracie, have a good long weekend. thank you. coming up, is it possible that more than half of lyft's stock is being sold short? it is. the incredible stats around that controversial name ahead and do we finally have a clue as to who polite take over for jaime dimon at jp morgan chase one day? we do. the details on this big executive shake-up next.

two big ipos one profitable one very much not. the trades on both are almost here apple's dream headlines. same sung's new foldable phones keep breaking. i not a dream, but it could be nature mare for samsung. and a fed fight. herman cain standing his ground. he will not bow out. is cain able to get the fed job? it is thursday, april 18th you're watching worldwide exchange on cnbc.

we start with new developments out of north korea. their state media announcing the test firing of what they are calling a new type of tactical guided weapon.

>> plig are looking into his background a new study found eating just one slice of bacon a day increases a risk of colorectal cancer it goes for red meat and processed meat people who ate 76 grams of it, the size of a quarter pound burger, had a 20% higher chance of developing cancer in the u.s. colorectal cancer it the most common cancer responseible for about 51,000 deaths. >> not going to do yoga, but i might have some bacon. all the news that you need to know in 60 seconds. frank holland is back with these headlines. frank. >> well, brian, here's what's

leading cnbc.com right now we begin with news from the sea suite. jp morgan has named jennifer as its new chief financial officer. she will assume that role on may 1st. outgoing ceo mary ann lake will become the ceo of the consumer lending business which strengthen says her stand as jaime dimon's possible successor. now, these moves come after jp morgan and other big banks were criticized for a lack of diversity at their leadership levels during a hearing on capitol hill last week let's take a look. >> if you believe your likely successor will be a woman or a person of color, will you likely extend a hand into the air all white men. none of you, not one, appears to believe that your successor will be a female or a person of color.

canopy growth is close to a deal with acreage holdings. one of the largest canopy -- the companies have been in talks for two weeks. they were kej every scheduled to finalize this deal overnight this morning canopy shares are up more than 6% in the premarket trade. now to some fed news >> cain said that larry kudlow was giving him a way out, but he didn't want one. those are your headlines back over to you >> thank you very much now let's get a check on the markets and your money stock futures indicating a drop of about just under 80 points right now. remember, the dow and the nasdaq fractionally higher this week. if they turn down, it could make a negative week. still, nasdaq up 20% this year the nasdaq 100 hitting a new all-time high. seeing a move in bonds

bones moving up just a touch and yields moving down to 2.56%. well, the mueller report will get all the attention in d.c. today. on wall street it is two big ipos both of these will test investor appetite for very different types of growth. the companies are zoom and pinterest. they could not be more different in many ways leslie picker has been following the pinterest pricing and joins us now it's picker with pinterest pricing from the nasdaq. >> pinning picker. i think it could stick. he. >> at the $19 price range, or at the $19 price, rather, pinterest

market cap -- the price implies $11 billion for an enterprise value, that kwom bienz the equity valuation and debt and that excludes cash the figure is actually the best apples to apples comparison from pinterest's latest private round. that round, even though priced shares above the range, the deal still puts its value below that 2017 fundraising when pinterest was valued at $12 billion. >> pinterest will be listed on the new york stock exchange under the symbol pins. brian. >> leslie, i want you to stick

around by the way, we're going to bring in a guest, and let's talk about more about all of this pinterest, zoom, and the ipo market as a whole. joining us also john, head of capital markets at drexel hamilton two big ipos today we're going to keep picker busy all day. here's the thing does the lyft disaster, and i don't think it's too strong of a word down 23% from the ipo to call it a disaster lyft disaster, is it clouding these two ipos, or can they stand on their own >> they're absolutely going to stand on their own today, and it is a bit of a harsh word to use disaster wrrn snoo any incremental news is going to turn to the up side. >> john makes a good point

by the way, we knew you would. that's why you are on television right now. that's that if we -- i want to focus on pinterest and zoom. lyft is out there hovering around if lyft does get some kind of big number, all those shorts are going to scramble. lyft could turn quickly. >> if that's the amazing thing we haven't even seen the analyst reports come out of the underwriting firms yet that's expected about next week. we really haven't seen any news that would change the fundamental picture of lyft, and, yet, we're seeing so much volume on that stock so much volatility on that stock on eye daily basis >> which do you think will be a more well received public offering?

>> it's a company that is used by wall street firms forget about the use by wall street firms the fact that it makes money and pinterest does not it's going to sound like a stupid question, but does that matter >> it's a recurring question, and the profitability are not. again, it's the longer term thesis that these anchor tenants are looking at it's not today it's not tomorrow. it's a longer-term investment. >> leslie, when you do your reporting, what have you heard zoom is well known to wall streeters. i wonder if pinterest, being maybe not the most wall street centric type product, does that hurt it or damage it in any way? >> i think that's a really good point that you make there. >> it's not out of the box, you know, profitability for that

company, but i think what wall street really wants to see and the questions that they have about some of the other unicorns that are going public is can you get to that level of profitability? zoom has already demonstrated that it can. pinterest's net losses are narrowing over time. some of the other companies, namely lyft and uber, they're seeing their losses kind of expand over time wall street really just wants to make sure that these companies actually have the ability to one day be profitable. that's kind of at the forefront of their mind these days >> i agree with you, 100%. it will be something to look at today and how it trades. i just want to reinforce as well on its first day of trading does it dictate how that investment is going to do >> bingo >> the first month doesn't dictate it >> look at facebook. how many ipos, brian, have there been since facebook? hundreds everyone was, like, wow, look at the disaster the harsh word you used at the beginning of the segment of facebook sold off 50% over the next 90

days to only rally 800%. >> listen, it's a great point. >> in two months lyft could be 50% higher than it is now based on the -- or not but based on that short interest and a lot of people. >> those that will get caught short on any positive news, they're going to be looking to exit and head for the upside >> by the way, for our viewers that are not sort of in this world that much, a 60% short interest of 0% of the stock borrowed and sold short i'm trying to go back to the days of the fights over the company. taser and herbal life. i can't think of a stock that had that high of short interest.

>> this is a lot of attention on this one, and any headline -- a lot of headline risk on that short squeeze. >> what are people in devgs -- i want to go back to lyft telling you about this it's really unbelievable to have a new stock that is that short >> it's a new stock, but it's also -- it has a very big float. this company sold $2 billion worth of shares in its ipo we're not talking about 50% of $100 million ipo here. this is upwards of $1 billion worth of stocks that people have lent out in order to shorten the market there's been all sorts of reports about kind of why people are short. the different incentives put forth by the various brokerages on the street to bring people to bet against this company that has brought out even more speculation and brought even more people into the shorting side of this trade >> part of that too is not so much speculation of actually being negative on the company,

but preserving that capital initial investment this is a very interesting short that is being placed on this stock. >> it is >> we see you all day on the exchange at 1:00 eastern time. all right. coming up later on cnbc, you'll want not want to miss interviews with both of these companies' ceos once the thought trades for open and over at the nasdaq, zbloonl ceo eric yuan, both of them in the 1 1:00 a.m. hour we'll have toe to see what they have to say maybe about lyft coming up, samsung's new foldable $2,000 phone breaking after being in the hands of reviewers for only hours the next big thing is not so big. another face plant for facebook.

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about today? >> what's trending is your triumphant return. welcome barb good to have you back. also, a little bit of a mobile phone news samsung galaxy fold smartphone hasn't even been released, but reporters have gotten early reviews units, and these things are not performing that well under scrutiny some reviewers are reporting flickering screens, and others see a crease along the fold. couldn't get that out. for review it's unusable after just two days. in a statement samsung said some problems were caused by reviewers removing a protective layer of the display thinking that it was disposable it would thoroughly inspect these malfunctioning review units. you'll have to hurry up. these $2,000 phones will be releading a week from friday >> maybe >> yeah. >> hopefully >> moving on to social media news facebook is back in the news another privacy misstep for facebook the social media giant is embroiled in yet another scandal after admitting it uploaded the contracts of a million skpf new

users. this issue stems from facebook for their e-mail pass words and signup this was supposed to be an extra verification step and extra security for their accounts. facebook says they didn't share those contacts with anyone, and right now it's in the process of deleting them. skro ploebl most people giving a fake e-mail address. >> you said you have a bunch of fake ones. i don't have any i have to make one up where. >> all e-mail addresses should be fake. >> it's -- you have to give your phone nor most e-mail addresses. >> fake phone number >> wow >> you like to travel. you like to eat, right >> unfortunately, i do too much of both, yeah. didn't end well. >> might p want to travel for this one carl's jr. has announced it will test a burger with cbd it's called the rocky mountain high cheeseburger could light. it features a sauce infused with non-psychoactive cbd that means it won't get you

high it will be sold at one colorado location on april 20th for $4.20. it's a whole thing carl's jr. denies the burgers and said they might add it to the permanent menu if this test is successful. it might hinge on you. if you go out there and try that and give it the thumbs up. >> what does cbd taste like? does it have a flavor? if it tastes good, people will buy it it doesn't have that thing that makes you hung where i >> "saers note, the mueller report what investors need to know about the mourning's business release. it is your morning rbi, and we're dpg to have fun with the most random and interesting thing. you'll hear all it has to do with china and their stocks. i promise we'll make it interesting. later on this morning at 7:00 a.m. eastern time, chairman and ceo blackstone steven icarn lle cc.onnb stk ound

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>> looiss are up and working this morning citigroup taking morgan stanley down to a neutral from a buy they did maintain the $48 price target on citigroup, which is where morgan stanley, which is exactly where the price target is now. >> the recent pullback in shares makes it an attractive entry point. it's up .5%. the big news outside of wall street will come at around 9:30 a.m. eastern time.

the question is how much are we actually going to see in now from washington with more on what everybody has been waiting for. i just wonder we say a lightly redacted version what does that mean? what is lightly redacted that will be before any of the reporters questioning him have had a chance to see the reporter before anybody has seen the report apparently it's going to be going to capitol hill around 11:00. maybe between 11:00 and 12:00 a.m. eastern time. we don't know when that is going to be either at this point we know a lot more about what's not going to be in this report than we do about

what is going to be in it. start with what we know is not going to be in the report, including a lot of information about indictment according to the attorney general there won't be indictment recommendations or sealed indictments going along with this report that is, nobody else has to be worried about the mueller investigation in terms of criminal liability also, nothing about conspiracy or coordination from the trump campaign with russia the attorney general said that mueller did not find that anybody with the trump campaign or the president himself engaged in any kind of criminal conspiracy with the russians here snoo what the attorney general says he found evidence on both sides of the question of whether or not the president committed obstruction of justice that will be something a lot of

experts will be watching for as well then there are the redactions that you mentioned, brian. a whole host of categories here for the redactions one is secret grand jury material traditionally, that is kept private in any kind of grand jury proceeding. also, classified material. it's unclear how many investigation says have spun off, but anything related to those will be held back, and then also the attorney general says information that could infringe upon personal privacy or reputational interest of third parties. we'll see how mueller -- how broadly mueller defines that category of third parties here, but the idea he is suggesting is not to sully the reputations of people who are more or less unvoofld congress, of course, will want all of it. democrats suggesting that the way this is being rolled out now

is not right, and they're playing politics with it over at the department of justice. >> it's a big story. i don't like the phrase sully the reputation, but otherwise, excellent reporting. >> retail sales both up in china, and the mainland's two major stocks indexes are the two best performing developed markets in the world you know all this. here's where it gets really interesting. not only is the shanghai composite up 31% this year, 65 stocks in it have more than doubled just this year ten stocks up more than 200% in 2019

>> leading investors to wonder what trade war paraphrase game of thrones imus is coming have a good friday tomorrow. see you monday

ipo countdown pinterest pricing its dars 2 above the expected range a full rundown of the company before it starts trading today zpleenchts a potential pot deal is in the works on weed week on fast money. sources say canopy growth is close to a deal with anchorage

holdings it's thursday, 4:18. 4-20 falls on a saturday that's not going to stop us. "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc cnbc. live at the nasdaq market site i'm andrew ross sorkin along with joe kernan and melissa lee. becky quick is off take a look at u.s. equity futures. we have a big day ahead of us. the s&p off five points. big ipos coming today. we'll talk about the mueller report as well other things will dominate the news let's show you whats happened overnight in asia in terms of equities right now you're looking