it's your number seven the dow issing looking for your seveninget straight day of gains. that, my friends, would be the longest streak a major hearing on capitol hill today as lawmakers take a look at the books no deal? new reports this morning that a federal judge could try to knicksnix cbs's deal with aetna. and we continue our special week-long series on the interest rate shock today how the loan rates of corporate

america are piling on mountains of debt. what happens when it's time for companies to pay the piper we'll get some answers on this tuesday, june 11th as "worldwide exchange" begins right now ♪ i'm back ♪ >> hi, from wherever you're watching i'm brian sullivan. thank you for joining us on this tuesday. it could be a lucky seven for stocks there's a lot of green on the screen, and we can use i another rainy day in new york. either get another cup of coffee or go back to bed. dow futures are jurnd under 100. the dow on a sex-day win streak. of course, if we keep this up, it could make it a seven-day the bond yields are ticking up higher the benchmark tenure yield at 2.16%. also watch oil

oil beginning to creep a little bit higher as well we're up just under a percent. also a big night overseas. not as much in japan the nikkei in japan did rise 3.1% look at the shanghai come possib posit. and the european markets like our futures, like asia, a lot of green on that screen as we talked about, germany starting to quietly outperform watch the dax up 1.1% this morning. let's talk about this nice little run we're in the middle of joining us is art. the day is dismal, the calendar changes. suddenly the market mood and all of the buying action what exactly has changed

>> you know, it's interesting. we've seen a pivot did we do too much damage and how much of that can we claw back i certainly think over the last six days we've done an efficient job of clawing back. i think what we're looking at is not bad as what we priced in and perhaps we need to get back to neutral territory. >> we've been talking about corporate debt we go through quiet periods where companies can't buy back in stock we're back where they can. is that part of the thesis where the market falls and sort of support the market >> i think that's part of it obviously there has been a lot of questions about what the best use of cash is, whether you have cash on the balance sheets at these ultra low rates or you're throwing out rates but recently over the last three

weeks, there's been a massive amount of cash being put into m & a activity that's as important as anything. you'll notice yesterday we have that large aerospace and defense deal we have a software deal. i think there's a halo effect to the use of cash in terms of m & a activity. >> you think m & a is that stool underneath the market then. >> it feels like that. they try to look at what is that if you're willing to pay 30%, 40% above stock trading and 80 times ebitda, that's going to change your valuation. >> that is a going to change in your head. >> maybe the dealmakers are

being dumb maybe they're overpaying. >> there's a scarcity now. we've seen that because companies have stayed private or been taken out we've never known them in the public markets there's been something like 350 artificial intelligence-related companies taken out that you never heard of. >> i will say this as welch we talked a little bit about it yesterday. when you look at the pool of stocks over the last number of years, it shrunk it gets smaller. they're buying back the stock. the pool of assets shrinks the number grows so everybody's changing a smaller pool of assets that could have a long term floor under this market. >> that's such a very good point. literally we cut the trading companies in half of the last ten years. i think that's very important. and yet we still hear people saying we should use the 16

multiple for is s&p 500 and over the last ten years t companies are growing their earnings at a much faster rate, so to me i think that augers for slightly higher multiple. >> so maybe we should change our thinking on what is a fair value or a good historical multiple simply because there were ten buyers going after ten apples. now there's ten buyers going after five they're going to bid those apples up. a massive story that not a lot of people are talking about. >> right and to the same argument when you think about buybacks, share counts are down. when a valued investor coming up and says, wait a minute. i think it's okay to say, yeah, that's right and that's good. >> it's a very important authority. the shrinking pool of assets we appreciate you coming on. enjoy the beautiful spring day in new york. also new this morning, could an obscure federal judge scuttle a

$70 billion deal a new report that ccvs health could be in jeopardy. >> a fed really judge could block cvs's deal with aetna. they say the judge is setting the stage to reject the merger on concerns it could reduce competition and raise prices the judge could make his ruling by next month. you might remember that the justice department already ok okayoka okayed cvs's deal. it would likely go back to the doj for an appeal. they have been one company since the deal closed in november. the combined entity is already showing progress toward its goal of course, if this deal was blocked, i don't have to tell

you it would be a mess shares of cvs down about 0.2%. brian, i'll send it back to you. >> it's getting a lot of attention. we're going to fine out more we're just getting started on a big tuesday "worldwide exchange." up next, let's call this three perfect pairings microsoft and amd teaming up we'll tell you how people are respond. and apple and broadcast teaming up and bill gates and buffett are getting together in a heartfelt video. first, the consumer lek trom is show in shanghai and our is show in shanghai and our colleague arjun >> i'll tell you how they may have hit a speed bump. g yourself.

you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley.

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uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. welcome back and good tuesday morning. stock futures are in the green have you noticed the trend lately the dow in themyle of a six-day win streak if they do it today, that will be seven rows of gains, and that would be the longest win streak in more than a year. also happening today, some of the latest and greatest ground braking technologies are being unveiled this week at the asia consumer electronics show but despite all that, there's really only one name wall street cares about right now and that's

huawei arjun kharpal joining us live from the show right now. arjun. >> well, brian, huawei taking front and center stage here in asia one of their top executives took to the stage today and acknowledged the company could be hitting some roadblocks they're currently number two in the world and they want go become number one, exceed iing h other. it has been developed its own chips. it has been developing its own development and for that reason there's a growing number of reasons that the u.s. could be detrimental to its own technology's foyes

one of those voices is gary shapiro with the group that puts on this show in aza and, of course, in asia as well. i had a chance to talk with him earlier and asked him what huawei could do to china and america's technology let's listen to what he has to say. >> our concern is this is escalating out of control. when elephants fight, the ground gets chiam pelled. china has a lot of it, u.s. has it it's free trade, people working together the law of comparative advantages i think the u.s. policy may be really pushing china to do everything by itself and not only put up walls around china, but we're putting up an economic fence around the united states. >> one by area that they could put a lot of money into is

chips. their focus is on technology they want to have 70% of the chips consuming. that's currently under 20% they're investing -- companies like huawei are invefgt billions look there's still a long way to go a lot more invest money and talent to catch up with the u.s. and that could take a long time. back to you. >> arjun kharpal in asia we'll see you tomorrow on deck, he's defending his billion-dollar all-stock deal for tableau. >> i have to be honest with you. tableau didn't want our cash they wanted our equity >> now, the full conversation with jim is coming up. plus, bad credit, no credit, no problem at least to amazon what jeff bezos and company have in store that you've got to hear coming up.

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and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. it is another rainy day in new york let's get a check on stocks on the move you've got to watch this the deal-hungry company making its biggest deal ever on monday, offering more than $15 billion for tableau software

investors didn't love it the stock fell 5% on concerns that salesforce paid too much, but the ceo defended that last night with jim on "mad money." >> i have to be honest with you, jim, tableau didn't want our cash they wanted our equity because they know the real value is in the company we're creating together in the ended they wanted our stock. i can't blame them they have a vision for roy's possible for the future, and when you look at that, we have a company that's going to go fast. >> they're pulling down slightly today but they chumped more than 30% yesterday. maybe they did want that sal

salesforce stock apollo global to take shutterfly apolo is also buying snap fish, another photo-sharing service that plans to combine with shutterfly and toss the octopus onto the ice in detroit let's complete the hat track shares of broadcom are inked after a deal with apple. it's for smartphones, tablets, and the apple watch. let's get a check on other headlines. nbc's phillip mena is in new york with those. phillip. >> good morning. the chopper crash-landed onto the roof of a midtown manhattan building blocks away from times square the pilot was killed thangfully nobody else was injured. big papi is back in boston this morning david ortiz arrived at massachusetts general hospital

with a police escort after being shot in the dominican republic the red sox arranged for a jet to bring the slugger back to the states the team honored him with a moment of reflection players and fans paused for a moment of prayer. and mandatory evacuations are under way in northern california as hundreds of firefighters battle the first blaze of the season. it's called the sand fire. it's scorched more than 2,000 acres. officials say it started on saturday and right now it's just 30% contained. however, strong winds and high temperatures are fueling those flames utility company pg&e says it had to intention ally shut off power to some 20,000 customers in the airy as a safety measure brian, back to you. >> phillip mena in new york, thank you very much. in political news president trump is headed to iowa to talk energy let's get more on his planned agenda and more with tracie potts who's live in washington

with more. hi, tracie. >> hi, everyone. energy is the topic of the day president trump says it's a secret deal and disagree with that, and he's reacting to what's happening on capitol hill and what's not happening on chile. the democrats got the justice department to do a 180 on whether they're sharing the information behind the mueller report today's contempt vote to force the s&p for attorney general william barr has been called off for now. the justice department cut a last-minute deal with democrats. the department will now comply with the subpoena and allow lawmakers to see evidence of obstruction behind the mueller report it happened just hours before democrats brought in a key watergate figure, former nixon white house lawyer john dean to explain how obstruction works. >> the trump administration is

in fast competition with what happened in the nixon administration. >> the president dismissed dean. >> dean's been a loser for many years. >> while explaining a mysterious tweet explaining mexico signed off on a secret agreement deal critics claim there's nothing new. >> he create as crisis and then acts like he goes on to solve it. >> that mexico had already agreed months ago to hold migrants on their seed and speed up troops to the guatamalan border. >> it's got to be enforced to make sure mexico follows through. >> if not, the secretary of state says tariffs, taxes on mexican goods are still on the table. now, the trump team put a 90-day deadline on this mexico deal but tell us, brian, they think they'll start to see progress in about a month. we'll continue to track that for you.

>> tracitracie, talk about the . apparently they're walking that back what do we know, what do we don't know >> right the president said they cam up with provisions that they need to approve that i don't know anything about it, the secret part of the deal that they alluded to what they know is they agreed to speed up the time line of some of the things they already agreed to months ago, sending the troops to the guatamalan border expanding the program, that they agreed to to hold detainees on their side or migrants on their side of the border while they were requesting asylum here in the united states. what they did not agree to was the third party agreement where people in central america would have to stop and request asigh bum before getting to the u.s. border. >> maybe it's so secret one side doesn't even know. that's a secret. thank you very much. still to come, in the world of easy money and interest rate cuts, bad economic news usually means good news for stocks

that's a hat tip to the fed. but according to our next guest, nothing should be further from the that slacking off, significant slowdown of sales of one of the most hot ipos of the year. kirk and spot, fred and barney, laverne and shirley, buffett and gates? the millionaire bromance that's got everyone talking, bra. we'll talk about that next w?w?uó

going for seven. the dow on its longest win streak in more than a year we're going to find out what exactly has been drawing the markets higher. debt threat. u.s. companies piling on the debt as interest rates item about. could it all backfire? the week-long series and the rate shock continues. and good news foryour wallet gasoline prices are down we'll find out how much it will cost to fill up your tank on this tuesday, june 11th, as you're watching "worldwide exchange" right here on cnbc. welcome back and thanks for being with us here on cnbc, everybody. i'm brian sullivan good tuesday morning let's kick off this half hour and kick off the morning headlines. here's what's leading cnbc.com the messaging service says it

expects revenue growth to slow in the coming quarters it's expected to make its debut in the coming months microsoft previewing its streaming service in project x cloud at the annual e3 convenient they'll stream the series right to their mobile devices. microsoft teases its newest consol microsoft scarscarlet it will use amd chips no surprise. up almost half a percent and shares of devices up about 1.3% and as brian alluded to, good news for commuters prices continuing to pump. the average down 2 cents to $2.73, that's a full 19 cents

cheaper than this time last year, brian, as you well know. >> thank you we'll see you in a minute. it looks like that's what we're going to do. you know what's interesting about the futures, guys, and we've talked about this for a couple of weeks. for whatever reason, the futures used to stay the same. you'd come on at 5:00 a.m. and they'd hover around the same we've seen futures start to move a lot more than they have, and, indeed, that's what's happened we're up 130 points right now in the middle of a six-day win streak, the longest streak in more than a year, coming off the best week for stocks bond yields are ticking up but a little bit they're still very low at 2.16%. overnight in asia, the chinese market, whether or not it's their stimulus program or optimism about a trade deal, who knows. but the shanghai composite up,

2.6% if you see a trend, you can spot it because the european market is doing the same thing. it's been kind of a quiet, don't tell anything, performer the german dax up 1.3% may is dismal. june is great. what's happened? i guess it's bad news is good news because the fed's in play i get that theme we've had it for years, but i'm trying to figure out what the bad news would be that would make it good news that that's an excellent question i think it depends on whether or not we're headed into an economic recession i think it's important to differentiate between the two. right now the consumer remains very strong. the most recent jobs report meeting was a little soft. they had held up quite well. the area where they're cautious

is around the industrial part of the economy. >> the economic data tends to lag by four to six months. so we get data that's weaker than expected. one wonders if we're in that rolling downtourn. what do you think? >> i don't think we're actually going to see a recession like i said, the consumer remains quite healthier but the invests need to look at where they're at do you want to be in stocks with a high degree of sensitivity. >> do you? >> no. i think the answer is no do you want to be in banks if lenning volu ip lending volumes are soft

you should focus more on areas like technologies, communications, where the success of those businesses are driven by themselves and less reliant on the economy. >> so you're saying those are not economically sensitive they've got be somewhat. >> when i talk about technology, i'm looking at the software and less at the semiconductor space. >> there is that school of thought if things weaken, companies invest their available cash in software because they're trying to do that which means cutting people in favor of software. >> absolutely. we've seen companies continue to invest in capex, but they're going more toward equipment and software so absolute. there's still a definite demand for that suite of products. >> listen. we make a big deal about the jobs numbers on the network every month, so i don't want to throw cold water on the ice bucket challenge but that seems to have been so

volatile they came in weak and revised it up next month. how much do you look at that >> i think it's best to keep the jobs report in contrast with what the trend has been. >> another piece of data, not at the data. >> exactly this is the first reading of the jobs report that looks soft. i think it's important the readings were quite healthy and we got the jolt data yesterday. >> my favorite report. >> yep and it shows companies still have tons of available openings and people are willing to swap out and go to more higher paying jobs or different jobs tlfl's still vibrancy in the jobs market the most recent was that. >> we do this thing called the rbi. it's data that i hope you hear because it dives into that number, which may cast doubt on this weakening economy look forward to the rbi. a big downgrade just crossing, and it is on this

year's hottest stock jpmorgan moments ago downgrading beyond meat. just last friday, jpmorgan raised their target. at the time they said, quote, at some point it will be priced in. well, today moments ago in that note, jpmorgan said, folks, that day has arrived. beyond meat is at 164, down 2% in the premarket, but literally, that downgrade of beyond meat to a neutral, not a sell, crossed moments ago. i have a feeling you might hear more about that stock and that call on the network. just wild speculation on my part. time for this morning's top trending stories rahal solomon, what are we going to be talking? >> amazon is partnering with credit builter which will lend to shoppers with no credit or bad credit

it will require customers to put up the bans for the credit line and make payments. when the account is closed they get their initial credit back. they'll get 5% back on amazon purchases and can graduate to the amazon credit card after building up their credit. >> what do you think there's certainly a market. >> nothing amazon does is surprising at this point they're going to try a lot of st doesn't we'll see what happens. canadian prime minister justin trudeau has announced canada will ban harmful single-use products. it's modeled on a similar in,ive last year by the eu. they will establish targets for companies that manufacture and sell plastics to be responsible for plastic waste. currently less than 10% of plastic used in canada gets recycled, which i found

shocking. >> whatever side of the argument you're on, it was a great idea i was at a coffee shop in laup last year. do you know what they use for straws >> what's that. >> long piece of uncooked pasta. >> really. did that mess up the taste >> no. it was basically a piece of penne pasta. it's natural biodegrades and didn't tweak the taste. >> sometimes the metal straw is a little funky you don't know if you're cleaning it quite as well as you should. billionaires may not be like us but they have friends like us bill gates put out a video tribute to his bff, warren buffett. ♪ thank you for being a friend traveled down the road and back again ♪ >> okay. he's pulling together times with

buffett in omaha they show the pair sharing a shift at a dairy queen, driving a golf cart, playing video games. how adorbs. >> adorbs rngs not even adorable. >> adorbs. in sports a dramatic night for golden state in toronto. they did win last night but warriors superstar kevin durant who returned after a lengthy calf injury looks look he injured or maybe even tore his achilles in the second quarter he had to leave the game he's going to get an mri later on today everybody hoping for the best. a lot of knicks fans looking at him coming to the east we'll wish him the best. meantime the warriors, down six.

kyle lowry's three-poenl attempt. they held off. game six will be in oakland on thursday at 9:00 p.m. eastern time it will be the final game at that arena in oakland. all right. coming up, big technology headed to capitol hill has called for regulations heating up president trump weighing in on the issue on cnbc yesterday. >> so i think it's a bad situation, but obviously there is something going on in terms of monopoly. all right. but first the latest installment in our special series rate shock. we're diving in to how falling bond yields have companies piling on the debt, and there's a lehman brothers reference in here you've got to hear it, and it's next unpredictable crohn's symptoms following you?

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withing back and good tuesday morning. let's continue our week-long series operate shock right now we're going to look a low rates anned hue they're pushing on companies to pile on debt, a lot of debt. mike santoli with those numbers. >> corporate america has been on a decades-long borrowing binge and it's interesting to see why. investors have an insatiable appetite for corporate debt. businesses have racked up nearly $10 trillion in debt thaft's up 50% before the global financial

crisis corporate debt is now a record 47% of record gps. if recession saps corporate ability. a recent get report cites this risk but points out it's near the long-term average and cash flow far exceeds interest expense. for now corporate debt remains a looming threat that isn't yet an urgent threat for investors buld could become an economic factor with any stumble to come. >> debt has to be repaid theory rhett hickly what happens when the bill comes due. i mean the debt levels, it's like a rugby game at a lobl golden corral. i understand mike's point about how profits and debt levels are about influx, but profits can go down. >> yes.

>> are you worried about debt levels right now, peter? >> i am. in particular mick's piece is great. there are two ways to look at it stock and flow interest rates are so low and have been managed so low by central banks. now, the markets are obviously helping the sovereign rate markets right now because the worry of recession is keeping rates lower still, likely forcing the fed to cut but what's interesting about that, there's a bit of a conundrum. rates continue to stay low, companies continue to boor rorr which tightens the band. so the recession to me is a 2020 risk, an given the level of debt, especially corporate debt in the loan market in particular, i'm a bit concerned. >> will that force the feds to keep the rates low for a long

time. >> yeah. i think that's the trajectory. >> they can't do it because they can't risk a bunch of blowups on a lot of this debt, which, by the way, a bunch of it is junk or close to junk. >> in the loan market in particular, i keep referencing it, leverage is very high. the guidance had been for six times deals in the levered loan market and they're being done much closer to eight times now the size of the market has grown considerably it's about a trillion dollars. that's all of commercial and industrial lending that doesn't include the shadow. the loan market is where my biggest concern lies >> the a percentage of this, a percentage of that are higher now than they were prefinancial cry circumstance but, rates are lower. >> yes. >> and cash flows are up

so do we need to worry about these pre-lehman references? >> well, you know, we tend toward hyperbole at times when trying to make a point, but i think one believes that there are still economic cycles, which i'm a believer of. i think there are natural ebbs and flows. notwithstanding what central banks do then i think we do need to be concerned about debt levels and especially at the corporate level. by the way, lending standards have tightened, which shows you banks are becoming more concerned about the billions and our viewers may not care about corporate debt, but they might care about stocks. and one thing they've been talking about is companies selling debt the pool continues to shrink. >> yes. >> that's a bull case for equities it's a bull case for equities. >> whether it's fund mentally

good, i don't know when they're chasing a smatter pool of assets, the assets tend to go up in price. >> the buybacks as you mentioned are fueled by debt, by the credit market. so the bull case is intact as long as they're functioning correctly. but i also think it's a bit of a secular trend. that pool has been shrinking for 15 or 20 years, so i agree with you. that's a bold case for stocks. notwithstanding the economic cycles that i think we're going to see no matter what happens. >> it will be a big story when the cycle turns and i think it will turn. peter, great stuff that eng you for joining us. on deck, a big reality check. congressional hearings kicking off today. will facebook, google, internet dominance come back to bite them blue, the one jobs number that nobody else is talking about it's your morng inrbi, and it's going to jolt you, we promise.

the first survivor of alzheimer's disease is out there. and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight.

when we change policies, we don't want to say, hey, let's take it down we need to have consistent policies we have thousands of reviewers across the globe we need to make sure that we're providing consistency. >> that was youtube ceo speak at a code conference out west the parent company alphabet, google like other technologies have come under fire for a wide range offishes including whether they're monopolies now congress is demanding answers in the first of a series of anti-trust series joining us now is alexandra levine thanks for joining us. what's going to happen on capitol hill, who's under fire and who's asking the questions >> thank you, brian. the house subcommittee is hearing the first of several congressional -- the first of several congressional hearings

on anti-trust concerns on big tech focusing on how it's affecting journalism the question is big tech becoming too powerful and too big to the exten it's harming the news industry, and anybody using a smartphone can see that via facebook feed, via apple news, google search, these big tech companies are distributing enormous amounts of news every day, and that is not new what's now, until rekrnlly there's been little scrutiny on what that financial relationship has been between the plat forl and the publisher looks like, and the picture that has emerged is one where google and facebook, it kofts google and facebook very little to distribute all of this news content, and at the same time, they're dominating the ad market google and facebook taken together control a majority of

u.s. online ad revenue. >> i'll tell you what. i'm on my phone yesterday. i googled the story about the four seasons restaurant shutting down in new york and when you do it i don't know if it's hard to see. "the wall street journal" story is there but the link at the top is a google link and you've got to dig through to get to the actual "wall street journal" link if i was to send it to you, i'd be sending a google link is this the kind of stuff that they're ticked off about >> that's exactly one of the main concerns. one of the groups testifying today is called the news media alliance and it's a trade group that represents 2,000 trade groups and news outlets across the states and canada. just a couple of days ago the news media rae leased a stunning report, brian, that outlining exactly what that financial relationship or financial dynamic between the publisher looks like, and what the report said was google last year alone

made some $4.7 billion just via search and google news from content from news publishers and that number was particularly striking when taken alongside that the news industry pulled in slightly more than that. and now, of course, google in the last 24 hours has come out with scathing criticism saying there are inaccuracies, holes in it, and, of course, the report does not take into account all the good that google and these other big tech platforms are doing in driving platforms but the question remains that lawmakers want to re-examine this financial relationship. >> you want to drive the traffic, not have it on the search page. alexandra levine, i'm sure we're going to hear from you soon because this is going to go on for a long time. >> absolutely. thank you, brian.

the dow industrials are up six days in a row. today could be seven dow futures up 131 points right now. this is and could be and extend the longest winning streak in nr than a year. but as always, we've got to ask. what could go wrong. june's been beautiful, michael to what do we attribute it is it long or are there green shoots that are starting to pop up in spring. >> where are the green shoots popping up i think one of the things that's really striking about the condition right now is the equity market has been extremely diverged if you will from the treasury market. i think that divergence is a little bit what you're seeing on the screen right now where bond yields are rising up and equi equities ared by and so i think

the question in the back of everyone's mind is which market is more right. the bond market or equity market. >> can they both be right? both be wrong? >> i would say both are wrong actually treasuries were overbid. >> if i'm a sovereign wealth fund in norway -- i'm just making that up -- and i'm looking at a negative debt on german yield, why would i buy that. >> it's not necessarily an indication that we're going to be that depressed next year, right? look 120 basis-point move in tseven months is irrelevant vow have this debt crisis and

buying bund's racing tion ales. >> the market -- see, from my little perch here, the markets seem to be acting erratically. and i wonder if that should make us anxious we go up, up, up, up, we're moving in these weird cycles now, which i don't know if it's e t etfs or index funds. there's a smell test. >> it's the nature of how volatility is expressed. every bull market is in time what we see is these extremely sharp v-shaped corrections where out of the blue, you know, the marketing getting smacked. 4%, 7%, 8% and rather than consolidating and bouncing around, it sort of vs right back and confuses people even more as you said, we saw that in may,

right? this vicious "v. the question is this broader risk on rally since december, you kind of want to feel a little bit look it has a more comfortable floor that's a little more stress tested where it goes down a little more. >> dow future's up 130 right now, michael another "v" coming thank as lot. >> you bet. >> time for your tuesday rbi today it's about jobs. while we talked about it earlier, the monthly skrobs number gets all the attention like last friday that number could be all over the map. instead you should watch job openings it. measuring how many jobs are open, how many are quitting, how many are getting hire. here's the good news the number of people getting hired is soaring the industries wherer people are getting hired are also ones that rely on a good economy construction, hotels, hospitality. so either those centers very overbuilding or overhiring which

they even done in the past or there's a lot of optimism with those making business investments. watch the j.o.l.t.s. we'll see you tomorrow "squawk box" is next

good morning bulls on parade. tech, though, under fire congress launching a review of silicon vly's numbers. plus, investors who have lost big betting on a hot ipo. it's tuesday, june 11th. "squawk box" starts right now. eat more chicken >> announcer: live from new york where business never sleeps, this is "squawk box."

>> good morning, everybody welcome to "squawk box" on cnbc. we're live from the market site in times square. i'm becky quick along with joe dow indicates up by 126 points it's now been six days in a row we've seen the dow close higher. that's the longest winning streak we've seen in 13 months s&p 500 is up. 15th day in a row. it's up another 15 points. the nasdaq up by 62 points it's been up five sessions in a row too. take a look at roy happened overnight in asia. you're going to see the nikkei was up by a third of a percent the hang seng up by thr three-quarters and shanghai up about