the major threat from president trump topping your five at 5 this morning the president warning of, quote, the official end of iran if they want a war what will iran do in response? the market mostly shrugging it off. the saber-rattling so what does matter to stocks right now? we'll dig in oil prices are on the move you have that and opec ministers, their allies wrapping up a big meeting in saudi arabia we will take you there live. google hanging up on huawei. we'll tell you what google is doing that could change the smartphone game in china. a billionaire investor just gave the graduating class of

moo moorehouse college the surprise of a lifetime. "worldwide exchange" begins right now. ♪ ♪ and trust me, that is a great story from moorehouse college. we'll get to that. good morning, good afternoon, good evening i am brian sullivan. good to see you on this monday dow futures down 14. don't make too much of it. the blue chips coming off the fourth down week in a row. the s&p and nasdaq both coming off their first two week losing streaks of the year. as always, more on the markets and your money but first breaking overnight president trump issuing a serious threat to the leaders of iran warning the islamic republic to, quote, never threaten the united states again. nbc's craig boswell is live in d.c. with more craig? >> brian, good morning good morning, everyone tensions with iran going up and

down again as you mentioned in a tweet this weekend president trump warning iran not to threaten the u.s. again in that tweet saying if iran wants a fight, it will be the official end of iran now this comes amid a military buildup in the region. also comes as the u.s. -- the u.s. embassy in baghdad has been partially evacuated. all of this on unspecified intelligence reports that the u.s. saying iran is threatening u.s. forces in the region. there's been some skepticism, brian, over that intelligence, however, these tensions with iran keep going up and down. the president last week downplaying them for a bit but now they're going back up. there's also a report that a rocket may have landed about less than a mile from that u.s. embassy in baghdad, that heavily fortified green zone brian, as of now no one has claimed any responsibility for that rocket. back to you. >> craig boswell with a major

story. thank you very much. more news on the markets bring in jeff hirsch i know you have a lot of great historical stuff, seasonality, what to do, whatnot to do. i've got to ask you about this are you surprised? we've got futures that are basically flat, fractionally down the president is saying effectively he will, quote, end iran. >> i mean, iran is not a new issue. we've been talking about it for -- >> that comment -- >> that comment -- >> is hyper hawkish. >> it is and the market has become calloused to some of the tweets i am a bit surprised that the market isn't more negatively impacted by such a threatening remark there's been a lot of them from him. we're looking at a sideways

market we've had a lot of tweets, we've had a lot of bluster, things from chien narks north korea, iran venezuela. back page news almost. so the market's a bit numb to these things. >> is that simply because there is this general feeling that longer term things are still pretty good and that our viewers out there, institutions out there are not changing their stock allocations merely because of a comment here or trade fight there? people aren't stopping allocating 401k because of those comments. >> they're listening to their advisors and sticking with their plan like we do in our trading strategies we stick to the strategies you can't anticipate them and react to them unless you're day trading and reacting to news as part of your business model, which is not what we do and i don't think that's what most investors are doing. >> you gave us good advice in december when everything was going haywire.

you said stick with it the markets have come back we've had one of the best starts of the year. mainly because we've rebounded seasonality is coming to a close. >> we have a signal using mac d on may 1st we reposition in may you look at the charts, you know, the average performance over the six months may through october, chopped and flattened you don't gain ground. it's not like it's negative. >> you have to put a dollar in the jargon jar mac, moving average conversion. >> technical. >> shift in momentum. >> here we go. what do we buy what do we sell given all the macros that are going on >> our positioning is we got out of our dow and s&p trades. >> you're out of the dow and

s&p? >> just with the strategy. there's other places that we remain the strategy changes every day in the newsletter portfolio, you're out of the dow and the s&p holding on to nasdaq and russell. the best eight months goes to june getting rid of financials, industrials, transports. hanging on to health care. picking up some staples. all of our stock positions are on hold. looking for defensive basket once we get our seasonal sell back in june and we'll get even a bit more defensive for the weeks. >> you think tech still looks pretty good here >> i think tech -- >> standing in the nasdaq? >> yeah. i mean, tech is the future of the world. it still looks good. it has a longer run than, you know, the industrial stock. >> what about the election >> also some bonds also some bonds. >> selling bonds or buying bonds? >> picking up a couple. >> treasury or corporate >> agg, the total core and

vanguard. >> not worried about all of the debt issuance? >> it's a place to park cash and get yield while the market chops. >> quickly, election seasonality. in the third year of a presidential cycle that you talk about so much. >> sure. we had almost all of the average gains for the three election years already which tends to take a bit away from the rest of the year even though second half still up. >> jeffrey, appreciate the market apparently ignoring the trump stuff and staying with seasonality stuff. we appreciate it new this morning, another ramp up in the economic fight with china this time in google. google saying it will suspend key business activities with chinese telecom giant huawei in the smartphone business. sema mody is with us. >> reporter: huawei saying it will provide updates and services to all existing

tablets. google has pulled the android license. president trump signing an executive order banning technology sales to huawei and certain other foreign owned companies on the grounds their equipment could be used to spy posing a national security risk. google's move means huawei will only be able to use the open source version of android. future smart phones can't access youtube, g mail or google play huawei spent the last few years developing its own technology in case it was blocked from using android. google is reviewing the implications while it's complying with all requirements, it assures the huawei users services like google play will still function on their existing device intel, broadcom and xilinx will suspend. >> thank you very much.

we are just getting started on a very busy monday. "worldwide exchange. forget fire and fury, president trump taking direct aim at iran. plus, opec signaling that it will maintain its current output cuts we'll put all of this in a basket and we'll check in with helima kroft don't want to pay a broker fee when you sell your house we'll talk to a company that is trying to disrupt real estate and come up with a flat fee. will it work this time when it hasn't in the past coming up. it's gotta let new data integrate with data from our existing systems. ♪ ♪ be able to pull from reservation platforms built 20 years ago. and also be able to use apps to book super-personalized trips on shiny new phones from the future. plus, i need freedom to move my workloads wherever, whenever - but manage it all from right here. and that's the cloud i want.

simple, right? expect more from your cloud. ibm cloud.

most of us don't know how much data we use... ♪ ...but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots. combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data one gig at a time. use a little, pay a little. use a lot, just switch to unlimited.

get $250 back when you buy a new samsung galaxy. call, visit or click today. ♪ ♪ welcome back it is 5:11 here on a monday morning in new york. sun not quite up when you sell your home you write a big 5 or 6% check to the realtors that help you sell it and help the buyer buy it. that's the way it's been done for decades without a change now more companies are looking to change what is an outdated or expensive model. one of them is redefy. we have the ceo of redefy. chris, thank you for joining us. >> yes. >> this has been a model, the real estate model has been in existence for days, they came in from england, they tried to change everything. they have all of these big

pronouncements and nothing changed. >> yup. >> what makes you think you guys can do it? >> right the consumer is asking for it now. >> are they? >> yeah? >> the consumers have a problem with the current model >> i think so. it's the same level of pay that you have when homes were half price so they're asking for a change >> you have a 300,000 home, you write a 5% check the seller is writing a $15,000 check. how do you work? >> we still market the home and we still pay the 3% to the other agent. we charge a flat fee of $3500. we've been able to manage the process and reduce costs, reduce friction, put the consumer first in the transaction. >> so you're the lister. you list >> correct. >> so your agent gets how much on a home sale >> they're salaried. >> they're salaried. they also can assist in buying but on the sell side they're

salaried and we pay and compensate them. >> so the agent that works or the buyer would still get part of a traditional commission. >> correct. >> because you need to bring them in. >> yeah. we want to sell homes fast. >> i guess if i was a realtor i would say, what's in it for me i can make a lot more money on the commission structure. >> sure. we process, manage our real estate agents, right the typical realtor has to eat what they kill they have to be a jack-of-all-trad jack-of-all-trades we've built a system where individuals can be inserted into our process as agents and do very well what they're good at and they don't have to do what they're not good at. if they like process, they can be in a process section. it's very systematized and structured. >> listen, there's always going to be the top performers would sort of the 50th percentile, the average realtor, would they make more money with you or with the traditional model? >> our real estate agents make

more money than on average so i think there's about 1.5 million real estate agents in the u.s. there will be between 5 and 6 million transactions that's not a lot of volume. >> three to four. >> tops. >> the top people will take a lot more maybe some realtors sell one or two homes a year. >> exactly we manage our agents to sell 20 a month. >> 20 a month? >> yeah. >> so what is the industry, which is one of the most powerful industry, what do they think about it are you getting nice emails? >> because consumers are asking for this, we have a seat at the table. consumers ask for it and that's what we do we manage to them. the industry appreciates us. >> what do the home sellers say? what's the biggest barrier to entry. when they call and say don't do the traditional thing, come to

redefy sellers are like, this is the way it's been done for 40 years. that's the way it's going to be done. >> the savings is a good sales pitch but it's also the reality that all agents can't be good at everything we sell homes faster than average and we sell them typically depending on the market as close to list price as possible because we have to remove the inefficiencies from the system we need to sell homes. there's no real other way around that we're not going to over price your home so we can have a few open houses. >> how do you know what's over priced and under priced? >> expertise. >> that's the magic sauce. a good real estate agent will say, i know the market i live here. i sell a lot of homes. i know exactly what your home is. >> i would rather trust an agent that sells 20 a month than five a year right? we have expertise based off of the amount of volume we do, the amount of transactions that are there. at 20 a month we know exactly which is the plumber that can fix this, which is the appraiser

that we probably should contact here we are very specialized. >> what states are you in? >> i'm going to defer people to redefy.com >> based in colorado and expanding that way >> yeah, correct. >> chris, let us know from time to time how you're doing you try to disrupt a huge, powerful industry. let us know. a pleasure to have you on "worldwide exchange." >> appreciate it. deutsch bank ignoring employee's calls to report questionable transactions by president trump and his son-in-law, jared kushner. do you remember this moment back in 2004 >> you get a car you get a car. you get a car. you get a car. everybody gets a car >> all right now imagine that but with student debt forgiveness and no tax bill you're not going to believe what

happened during one commencement ceremony over the weekend. it's your feel good story of the day, maybe of the year we've got it coming up

♪ when you have nausea, ♪ heartburn, ♪ indigestion, ♪ upset stomach, ♪ diarrhea... girl, pepto ultra coating will treat your stomach right.

♪nausea, heartburn, ♪ indigestion, upset stomach, ♪ diarrhea... try pepto with ultra coating. welcome back it is 5:20 futures are down 20. let's get a check outside of the world of money and business. frances rivera in new york good morning. >> reporter: brian, good morning to you

many communities are facing an upgraded forecast after much of the country has already been hit hard ov over overnight in pennsylvania a possible tornado the heartland where there is a higher risk of tornadoes, dozens of tornadoes touched down. people sharing videos like these. the region known as tornado alley living up to its reputation as the dangerous storms sweep through. president trump is stoking tensions with tehran tweeting, quote, if iran wants to fight that will be the official end of iran it comes with a military buildup and it prompted the u.s. to pull non-essential staff out of diplomatic posts in iraq they said the country is not seeking conflict. a bitter sweet moment in pennsylvania as the building that served as the former world headquarters of bethlehem steel corporation came tumbling down

it was a show piece in 1972. it stood vacant for about a dozen years after the steel maker went out of business a $200 million commercial development is to be built in its place. >> last a little symbolic of the changing face of america thank you very much. straight ahead, more on president trump threatening to, quote, end iran as they become more aggressive. helima kroft here with why oil's risk premium is set to take center stage stick around in't easy.

12 hours? 20 dogs? where's your belly rubs? after a day of chasing dogs you shouldn't have to chase down payments. (vo) send invoices and accept payments to get paid twice as fast. (danny) it's time to get yours! (vo) quickbooks. backing you.

a west wing warning. president trump calling on president trump to never threaten the united states again or face its, quote, official end. the market impact ahead. could realities keep opec and its allies production cuts in place we'll take you live to saudi arabia. one of the world's richest people giving the graduating class at moorehead college the surprise they will never forget. it is straight ahead as "worldwide exchange" begins now. ♪ ♪ all right. welcome back and good morning. it is 5:25 here on a monday. thank you for being with us on cnbc i am brian sullivan. let's kick off the second half

of your show with everything you need to know in 60 seconds executive recap and seema modi is here. >> president trump out with a big warning for iran the president tweeting, quote, if iran wants a fight, that will be the official end of iran. never threaten the united states again. now the tweet comes amid rising tensions with the country. the u.s. has dispatched a carrier strike group and force to the region. google is cutting some of its ties with huawei they have reportedly pulled the android license. the move comes days after president trump signed an executive order banning technology sales to huawei and certain other foreign owned companies. google's move means huawei will only be able to use a public open source version of it. deutsche bank is reporting president trump and his

son-in-law to the feds they reported automated controls meant to report illicit activities the reports were never filed with the government. the times was unable to pin point the nature of the transactions but some involve funds flowing overseas deutsche bank shares down 2%. in the meantime, here's how your money and investments look as we're about halfway through the 5:00 a.m. hour in new york stock futures, they're slightly down considering the fact that the president came out last night and said that it would be the official end of iran if they ra ramped up there, we have the trade war in china, all of that and the futures are down 18 points a little bit surprising and we'll dive more into that. bond yields, they ticked up a fraction they're back all the way to 2.4% bonds have been bought aggressively that sent yields down.

what about asia overnight? japan finishing in the green they posted surprise growth last quarter. japan's gdp coming in at 2.1%. that far exceeds down 0.2% elsewhere in asia, we saw that market up 16% in 2019. in the early trading in europe, we are down. not huge losses. down 4 to .7 of 1% outside of stocks, here's a check on global commodities and currencies oil is moving higher we're seeing 111.57 euro bitcoin continuing the wild ways the volatility has been spectacular. bitcoin got 4% back under 8,000. 7874 but it had a rip roaring year. it's 5:28, just waking up, pouring a coffee, tired. well, because you stayed up and watched "game of thrones." what else may be tired

this market rally. not just you kenny pulkari is managing principal at butcher joseph asset management and a cnbc contributor. people are tired but you believe the market may be tired as well. >> i think, well, listen, it may need more than a shot of that. a lot has been happening the market has been rallying with the trade deal and now that that's clearly off the table -- >> is it clearly off the table is there even a table at this point? >> well, no, i think there's a table. they made it very clear they're not coming back for a while. then you have the g 20 at the end of june. there will be a lot of speculation. the market feels now it's got to digest all of this then you toss in the gio political stuff over the weekend. it will cause the nervous system in the market to be amplified. i was quite surprised to see u.s. futures up just until about 20 minutes ago whereas european

markets started to become a little bit weaker than u.s. futures. i'm not surprised at this at all as we tease with the trend line at 28.59. >> if somebody would have come to you a couple of months ago and said, hey, kenny, we're going to have an escalation in the short term the president will be basically threatening iran brexit, that can is going to get kicked down the road european growth not what many people had hoped and yet the s&p 500 would be up 3% over the last the 0 days, you would have said, i'll have what you're having the market is backing off. i don't think it's going to crash. i do think, i would not be surprised to see it down to 2776, i think that's the range that we're going to be in until you really get clarity on trade. >> by the way, the bond market seems to be worried about it. >> right. >> people are buying bonds in

droves yields have come down. >> we're a two week losing streak still a pretty good start to the year. >> great start to the year >> it was all in anticipation of we're getting this deal, we're getting this deal. kudlow and mnuchin said we're days away from a deal. days away from a deal until everybody got excited. but then all of a sudden we're nowhere near a deal. you have to expect the market is going to take the new information, digest it, reprice and back off. >> every time we think -- it's like a rocky movie, right? every time you think the market is down, it staggers back to life >> right. >> who's buying? >> well, listen -- >> somebody is absolutely right i think there's a lot of opportunity out there. they're long term -- the long term vanilla asset only managers that take advantage. they're not chasing the market the way the traders are, momentum guys are. the long-term asset managers,

they're much more methodical and they have carbon the side and when the market pulls back taking advantage of that sale in prices. >> i'm going to do a twitter poll today for tomorrow. have you changed your stock allocation, 401k and i'll bet you a majority of our audience will say they have not. >> that's right. and you shouldn't necessarily make those rash decisions just based on the headlines you should look at your portfolio and it should be well balanced as the news changes -- because it is dynamic. it's not static. >> is it a nervous time or is the american economy strong enough that it can withstand these body blows >> i do think we're strong enough to with stand it. people get nervous whether they think it's strong enough or not. people get nervous what exacerbates it, down 400 points, down 500 points. it does not cause the anxiety among the big asset managers that look for that opportunity. >> that might explain it i hope you're not tired.

have another cup of coffee always a pleasure. so oil prices. let's switch gears they are slightly higher this morning. opec ministers and russia meeting this weekend in saudi arabia dan murphy is there live in jetta with the headlines from the meeting. dan? >> reporter: brian, saudi energy minister giving oil markets a boost after he and other major producers here in jetta, saudi arabia, voted to possibly extend the production cuts into the second half of the year. it's giving oil markets a boost. well, that's what we could look like other major producers have been pushing for a volume distribution whether or not that eventuates is left to be seen just in the past 24 hours a new tweet from u.s. president donald

trump vowing the end of iran if it continues with its rhetoric that's helped to support the market earlier we spoke with alexander novak about the rising tensions and i asked him about the strike attack on the oil pipeline and the attack on the vessels of the uae and how russia should respond to the situation as a friend of iran listen in. >> translator: but on the whole i would like to say that this is pretty negative for the market and we need to fine tune our relationships as fully as possible so the energy security is at the forefront and the issues taking place demonstrate how fragile this is. oil is produced every day. every day we need to produce 100 million barrels and this could affect the energy situation.

>> reporter: brian, no decision was made at this jmmc meeting. that decision to extend the production cuts into the second half is going to be saved for the juno peck meeting. we'll also find out whether or not this volume adjustment will include perhaps a relaxation of compliance we also learned over the past few days that compliance has been at more than 160% so they certainly have some room to move if they chose to at the same time, they could also decide to perhaps pull back from that 1.2 million barrel production cut that was a grade which would allow the producers to share an output rise among them that may perhaps also help to soften the blow among some of those producers who have been essentially shut out from the market >> dan murphy, thank you very much. let's dive in a little bit more on this and everything else in the middle east helima croft and our own hadley gamble who lives primarily in abu dhabi, you've been in

tennessee. >> everywhere in the u.s >> you've been everywhere, man, as johnny cash said. let's talk about this, helima. could be the official end of iran you have a missile that ended in iraq you have drone strikes in saudi arabia, you have a tax on super tankers which we don't know where they came from it may or may not have been at iran and yet oil is at 63 and change >> i think the market is basically saying, we've been here before. the middle east is a mess. are we going to have a war with iran i think who's calling the shots. i think that the market is waiting to see a physical supply disruption. >> hadley, you live there in the middle east. what's the mood like what's the sense there. >> it's difficult. i don't know what you would think of this, helima.

i'm sensing an over abundance of caution. essentially what we know through back channels, state department officials who won't come out on the record and say it, iran is responsible for these blasts we pretty much know that what's happening right now in the countries, particularly between saudi arabia and the uae, they don't want to go out and say iran is doing this. >> dangerous thing to say? >> correct correct. they're heavily involved in yemen among other things they're over stretched they're waiting for the united states and the french team to say, oh, by the way, they were responsible. remember what happens in iraq. i had a chance to catch up with the secretary of state a couple of weeks ago how dangerous is that situation?

benghazi who was the loudest voice attacking hillary clinton? mike pompeo. they're getting all of the nonessential people out. the middle east is a mess. >> they have to walk a thin line between saying iran is a risk and saying we're a stable place for investment if you were dubai, you don't want to say, hey, uae may be unsafe iran is a problem, united states you need to help us and trying to say it's a safe place for investment exxon removed the foreign workers from what's going on in iraq yet coloring all of this they say they want to bring iranian exports to zero.

venezuela may or may not be pumping any oil at all at this point. if they do, it's maybe one ship a week and yet oil is at 63 1/2. does that mean the united states has enough oil or russia or saudi arabia they can counter this >> i think the market is very complacent i think it's too complacent. i think we're in the show me situation. i think the market because you had those four tankers struck and they basically were not sunk if a tanker had been sunk, if you had had the embassy hit, if we would be in a much different situation i think the market is looking through this i think it's dangerous to look through this they hit the east-west pipeline, that's a way to divert the oil from the stairaits of who are h

>> they are not doing the bidding. these are mountain people. come on, as someone from a mountain place in tennessee, we have our own way of doing things you have to know they are not on tehran's leash with iran, what i'm seeing so far is an abundance of caution if they had wanted to inflict serious casualty and damage they could have blown it sky high it was a tit-for-tat i think they're saying, hey, listen, we've seen what you have done this is what we can do they know how bad it is if it escalates. >> is there any sign let's take the exports to zero program is actually working i've been trying to track some of the ships they turn off effectively their gps. i would imagine they are still selling oil. >> some. the question is do they bottom out? one of the things i worry about

in this market this may be a careful rachetting up, but from the iranian standpoint, we are trying to destroy their economy and they believe it is aimed at regime change so the question is is there an off ramp? we keep saying we want the iranians to call us. >> what are we -- >> you're a former ceo. >> the iranians are a proud people 90 million people. this is not a small country. they have a long history. >> they do not want to take it. >> they do not want to take the knee they do not want to submit. >> proxies no problems in lebanon nobody is blowing anything up in lebanon. that's very significant the fact that the proxies haven't been blowing up if they wanted this worse that's the first place to start. >> we do need to watch we're less than two months away. they've done a small scale restart. the question is if the europeans cannot offer them significant

economic incentives do they do something like start enriching at very high levels of uranium do they withdraw from the nonproliferation treaty? >> if they did that, what do we do >> that's when we potentially have to have a more serious military response. >> is it something -- >> we're already doing something we can. >> we're moving ships to the region the question is we see more cyber attacks in iran. things like that. >> 40% of government is petro. we are not done having this conversation down the road helima, hadley, thank you very much. coming up, election results rolling in as the world's largest democracy heading to the polls. why india's elections matter to you and your money a lot plus, paying it forward. one of the world's richest men just gave moorehead college's

newly minted alums, the surprise of a lifetime. 10 million reasons we're going to make you feel really good this morning it's us. millennials. hey. we all worked hard in school. but then? we got to pay back an obscene amount of student loans. so...buying a house? paying for a wedding? meanwhile our parents paid for school by waiting tables. it's just not right. but refinance your student loans with sofi and you can save thousands. and get your dreams right. fast, easy and all online. get your money right with sofi.

my gums are irritated. i don't have to worry about that, do i? harmful bacteria lurk just below the gum line. crest gum detoxify,

voted product of the year. it works below the gum line to neutralize harmful plaque bacteria and help reverse early gum damage. gum detoxify, from crest. 529 plan? a 10-k? what's an etf? an ipo? 401(k)? where do i start? empower yourself with the free tools and resources on investor.gov. before you invest, investor.gov. welcome back election results are beginning to roll in after the world's largest democracy headed to the polls over the weekend seema modi is here talking about the indian elections and why they matter to us.

>> yeah. this doesn't seem to have stopped prime minister modi from staying in office. he appears to be headed for re-election. while exit polls aren't always accurate the prospect of the bjp staying in power seems likely. it's 9% this year outperforming the emerging market index in 2019 a number of exports caution that not all of modi's policies have been good for the economy. unemployment is at a 45 year high.

the two countries have historically had a good relationship modi, if he secures a second term, he'll use trade as his base he won't back down to anyone, including president trump. >> world's biggest democracy and you were just there. >> i was just there. >> how was the move? >> in bombay itself, consensus was mixed. a lot of people who supported modi, they want the continuity but others were saying we don't really like the religious intolerance that you're starting to see rise across the country they wanted to give congress a shot >> while we've got you, let's switch gears move that over here. talk about what else is trending i have a feeling a very well known tv show starring a dragon is going to be -- >> this is getting a lot of buzz. >> great story. >> let's start with the feel good story robert s. smith gave the ultimate graduation gift to

morehouse's class of 2019. >> and my family is making a grant to eliminate their student loans. >> smith erasing student loan debt for nearly 400 graduates. the value of his donation is estimated to be worth up to $40 million. smith channelling the class of 2019 to pay it forward >> you know, i've gotten to know mr. smith a little bit he's a private equity guy. he's very sort of soft spoken and the way that he said that, the audience i don't think fully realized at first what he was saying. >> it wasn't like you get a car. >> it was, yeah, we're going to pay off your loneans. then they realized what he had done >> there was a delayed reaction. >> it's on the cover of the papers this morning as well. you wonder if this will be a wedge sort of against this loan forgiveness thing. >> sure. >> if more people step up and do

what he's doing -- >> hopefully it's a trend that continues. >> no spoilers here. here we go, no spoilers here for "the game" of thrones finale, just some stats. 10.4 million americans will miss work because of staying up late to learn the fate. the hit series has cost companies roughly $3.3 billion in productivity. "game of thrones." that's less than the 17 million who skipped work following the super bowl. >> that is a -- first off, i watched it and i'm here. >> i'm here and you host the day. >> did you watch it? >> i did not because i had to get up early >> i won't tell you what happened if you are going to miss work because of a show that ended at 10:20. >> it shows how powerful -- >> if you can't make it to work because a show ends at 10:20 are you playing drinking games every time a dragon cries do a

shot. >> that is a thing, by the way. >> it is >> drinking games associated with "game of thrones," absolutely come on over, i'll show you. >> no. seema, i can't thank you very much. now to sports. nail biter at the final round of the pga championship a little bit brooks koepka had a seven stroke lead before some nerves set in he had four straight bogeys on the back nine letting dustin johnson get within one shot. he helds him off finishing eight under par. koepka is the first wire to wire winner since 1983. it's his third straight year winning a major. something achieved by only seven others since the masters began in 1934. that list includes some pretty good golfers tiger woods, phil mickelson, tom watson, jack nicklaus and arnold palmer. we are setting you up for a big weekend. all of the things on your radar. new numbers from texting and

driving. wait until you hear how people are, well, lying their pants off. we're back after this. one-millionth order. millionth order. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. ♪ ♪ ♪ ♪ ♪ ♪

applebee's new loaded fajitas. now that's eatin' good in the neighborhood. (client's voice) remember that degree you got in taxation? (danny) appleof course you don'tjitas. because you didn't! your job isn't understanding tax code... it's understanding why that... will get him a body like that... move! ...that. your job isn't doing hard work... here. ...it's making her do hard work... ...and getting paid for it. (vo) snap and sort your expenses to save over $4,600 at tax time.

(danny) jody... ...it's time to get yours! (vo) quickbooks. backing you. it is a big week for your money. house dagg at that the last reserve meeting durable goods on friday. trump's tweets on iran how should you position yourself for the week ahead joining us is jimmy reel managing director of t.j. institutional. a man who likes to beat the traffic in chicago jim, we certainly appreciate that first off, are you surprised dow futures are higher when you have the president saying that it could be the, quote, official end of iran if they provoke us >> you know, historically war has been good for stocks the saying has all the been you buy on the sound of cannons, you sell on the sound of trumpets. i know that's kind of morbid for some people to think about, but

i don't think that just -- keep in mind, too he says things like this and has before so i'm not sure we're really reacting to that. when i woke up this morning i looked at things like gold and the dollar to see if there was any kind of panic. there wasn't am i surprised we're higher. >> the market is inoured to it, is it not? it expects this now and it's going to roll through it unless something concrete happens. >> amen. this is something i hoped would happen over the last three years. the one thing that was going to be different about this administration is there was going to be no filters and there was going to be no measured speech we still keep flying higher and lower on everything he mentions about the trade talks. i want to get to a point where we're numb to it in years past there was always these levels of whether it be the media or advisors who keep thoughts from going out into the media, we don't have those now >> if a hawkish tweet doesn't move markets, would a dovish

tweet about the china trade talks, would that move markets >> yes it still would i can't explain why that is, but i think the market wants one of two things to happen the market i think wants to go higher so they'll be looking for things that satisfy that there's one of two things. we've absorbed a lot of the negative trade talk. if we have a tweet talking about the trade talk we believe that the fed -- if he starts mentioning the trade talks, we're going to start to believe that the fed still has our back and will counter balance any negative news with more dove hitish tone. >> i've believed that for eight or nine years. that's the over arching theme is that the fed will keep rates low. they are low the only reason they've raised them over the last two years is because they believed things were gaining momentum. the fed is petrified of risk asseting going. >> we love your take to set us

up beautifully thank you. we'll talk to you soon. >> thank you. time now for your morning rbi. today it's about driving and phones and maybe not telling the truth. sadly, after decades on the decline, pedestrian deaths are on the rise once again they're starting to move higher right around 2008 or 2009 which, of course, leads any sane person to think it's because drivers or walkers are on their phones and not paying attention how random and interesting and a little sad is this the economist magazine notes that according to a u.s. department of transportation survey, 5 peshs percent of people were using their phones while driving in 2017. 95% of the people aren't they maybe also aren't telling the truth. according to zen drive which has actual software to track driver's use of phones, that number probably about 60% of drivers using their phones behind the wheel, 5% or 60%.

pedestrian deaths are on the rise it's aig b day iran tweet poilers on the move. "squawk box" up next thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. healthier brain. better life.

most of us don't know how much data we use... ♪ ...but we all know we're paying too much for it. enter xfinity mobile. america's best lte with the most wifi hotspots. combined for the first time. when you're near an xfinity hotspot, you're connected to wifi, saving on data. when you're not, you pay for data one gig at a time. use a little, pay a little. use a lot, just switch to unlimited. get $250 back when you buy a new samsung galaxy. call, visit or click today.

good morning breaking overnight, google suspending key business activity with huawei. we'll show you how other huawei suppliers are reacting there's more fallout from the grounding of the boeing 737 max planes ryanair doesn't have any, but it says the grounded plane will cost it millions of dollars this year anyway. we'll explain why and bring you a live interview with the airlines ceo who says a lot of what's on his mind doesn't hold back. "game of thrones" is over. the companies will feel the impact today millions of workers are expected to call out after staying up to

watch last night's final episode. it's monday, may 20th, 2019, and "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 andrew ross sorkin. our guest host is ian shepa shepardson thanks for being here. let's start with the u.s. equity futures. things are slightly down nasdaq off by 36 points. s&p 500 down by 1.5. dow futures are up by about 9 points this comes as the dow has tracked four weeks in a row of losses take a