breaking news, facebook officially throwing its has the into the cryptocurrency ring does the world really need another one? the fed kicking off a major two-day meeting today. mario draghi to the rescue major moves right now in europe as the ecb president says that more stimulus there could be on the way. tension rising with iran the pentagon deploying 1,000 more troops to the middle east and rough skies for boeing how much the 737 max grounding may really be costing the company.

it is tuesday, june 18th "worldwide exchange" begins right now. ♪ welcome to the show. welcome from wherever in the world you may be watching. i'm brian sullivan thanks for joining us. two major market stories developing at this hour. futures are higher right now nothing seems to hold this market down. dow futures up 74. all as the fed kicks off a two-day meeting today. tomorrow we get the decision on interest rates pay attention to this. i know it's wonkky. the yield on the german ten-year note -- our ten-year note is yielding 2.5%. their ten-year note is yielding negative 0.29% with this press conference from the ecb, we saw the yield on the ten-year bund in germany

continue to fall you are paying to borrow money it's an incredible story there we'll have more on these big stories coming up. first we have to get to europe we have breaking news there on facebook the social network revealing its cryptocurrency ambitions let's get to julia boorstin in cannes, france with more >> facebook announcing a new digital currency called libra. facebook says it makes it easy to send money around the world as it is to send a photo the currency, set to launch in the first half of next year will be run by a non-profit based in switzerland. unlike bitcoin, libra will be backed by real money put in a dollar or another currency in, get a dollar worth of libra out the goal is for that reserve to limit the currency's volatility. facebook is partnering with 27 other companies to start libra

as an open source currency the companies range from mastercard to uber and lyft to non-profits that focus on financial inclusion. facebook planned to have over 100 developers on board by launch facebook plans to profit from libra. it is creating a new subsidiary called calib bra, a digital wallet that will be a stand-alone app. it will allow anyone to store money for free and to send and receive libra standly around the world without fees facebook could add loans which it could profit from david marcus tells me the digital wallet will be secure and separate from the rest of facebook so financial data and ad targeting are not combined facebook's larger goal is to get people to spend more time on its

various platforms and to easily make purchases from the 90 million businesses that operate on facebook's platforms. facebook says it is working with regulators and it expects the app to be improved we will have a first on cnbc interview with calibra chief david marcus at 7:15 a.m. eastern. back to you. >> i have a lot of questions here is this going to be pegged one to one then to the u.s. dollar it will not be pegged one to one to the u.s. dollar, but because it will be backed by reserve, backed by euros, but dollars, by any other currency, it will have an actual bank of money behind it so it won't have the volatility of a bitcoin or some of the other currencies which are not pegged or backed by real currencies >> facebook would hate this then it's not a cryptocurrency then, it's gold or paypal.

>> it's a digital currency it's a digital currency, just backed by real currencies to remove that element of volatility the speculation that goes into currency like bitcoin -- the thing about bitcoin t c, it can mined and minted without currency behind it this aims to be more like a real currency >> but backed by other currencies -- okay >> backed by other currencies. >> sounds a lot like gold. julia boorstin in cannes, france thank you. we'll get more from julia in a bit. let's turn to the macro markets. the big story right now is also out of europe. ecb president mario draghi says the bank could ease policy again either through rate cuts or bond purchases if inflation doesn't pick up. the euro sliding dramatically on those comments 1.118. also big moves in the bond market yield on the ten-year bund

hitting a new record low eurozone money markets are fully pricing in an ecb rate cut by december our futures are higher the fed kicking off a two-day meeting later on today the interest rate decision coming tomorrow. the yield on our ten-year note, sliding a little bit down to 2.05%. let's talk about all of this and bring in candace bankson member of the global asset allocation team at fiora capital. first off, i want your reaction to the ecb certainly appears that they are ready to ease up, maybe cut rates again. another round of stimulus. is that going to effect what our federal reserve would and should do >> it's not surprising it's similar to what we're seeing across the world from central banks, whether it's the federal reserve, bank of japan,

ecb, expressing that willingness and readiness to act if necessary due to the number of headwinds out there. >> yeah. do you think our federal reserve is going to do anything with rates tomorrow will they cut rates or will they simply hint around again potentially about more rate cuts >> so our expectation is that it's premature to cut rates tomorrow they will err on the side of caution and express they will be monitoring the backdrop without knowing the outcome of the u.s./china trade situation later this month at the g20 gathering, you know, it's our view that it's premature but they will be, you know, putting the market at ease by expressing that they are acknowledging the risks out there and will be ready to act if necessary >> what are you advising then -- what are you doing and what are you advising your clients to do

given the macro backdrop >> on the fixed income side, our ek expectation or our view is the rate market is priced much too richly rates have fallen much too fast. the fact that the market is pricing in three rate cuts from the federal reserve in our mind is misplaced, particularly being that the economic backdrop is fairly sound in this environment we recommend that our investors are underweight fixed income because we believe even if the fed does nothing, rates should move higher in the coming years. that's why we're underweight fixed income on the equity side, the fact that central banks are being fairly supportive, even in the rhetoric, combined with a strong fundamental back drop should bode well for equities in the coming year. >> everybody thought we would be at 3%, 3.5% on the u.s. ten-year by this time what makes you so certain that

rates are ever going to rise >> well, again, it all comes back to the fundamentals the growth is there. inflation, while still below target is stabilizing. if you take that together with low unemployment, strong job market, rising wages, our expectation for higher oil prices this should help to feed into inflationary pressures. of course the longer end of the curve. >> all right thank you. appreciate your insight. when we come back, we are just getting started on a busy tuesday. opec's de facto leader calling for new production cuts despite tension in the middle east and will they ever decide on a date for the next meeting? and how the engine of the world's second biggest economy is doing amid the u.s./china

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attack on two commercial ships in the gulf of oman. hadley gamble has more >> good morning. you're absolutely right. this is the second u.s. troop increase in as many months this follows those six attacks that the united states is laying at tehran's door the chinese and russians have come out on this troop increase warning this risks the possibility of a war with iran but iran's president came out earlier saying iran will not wage war against any nation. those facing us are a group of politics of little experience. i do want to emphasize when we talk about adding 1,000 u.s. troops, there are already 20,000 u.s. troops in this region there are boots on the ground, i'm talking about afghanistan, iraq and else wherwhere. we have the massive infrastructure that is the fifth fleet. this organization encompasses the coast guard, naval aviators,

many, many ships in the persian gulf, they are watching the coastlines of some 27 different countries across millions of square kilo meetmeters of water. adding 1,000 troops seems like a big number, it does come on the heels of another troop increase of 1,500 u.s. troops a month or so ago in may, at the same time it's important to put it into perspective and think about what this is doing, that's the optics it seems to be assuring u.s. allies in the region, like saudi arabia and the uae that the united states still has their back >> thank you very much despite the rising tension in the region, new calls this morning from saudi arabia for opec to continue to cut its oil output in the second half of the year the saudi energy minister reportedly telling other nations that the risk of slowing global demand for crude far outweighs threats of war and worries about supply disruption in the middle

east saudi arabia already reduced its output by 150,000 barrels per day in may those cuts continuing well into the month. crude oil is down a bit to 51.67 a barrel still on deck, how the u.s./china trade fight is impacting the engines of the world's two biggest economies and in particular the chinese consumer and later, boeing falling flat on day one of the paris air show the one number boeing investors might have a real hard time dealing with today when "worldwide exchange" returns

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trade tensions continued to rise between china and the united states but how is it impacting the driving force behind the world's secon largest economy which is the same driving force that we have that backs ours, the consume ir. eunice yoon has more on how this might be impacting the chinese shopper. thank you very much. well, right now i'm in one of jd's physical stores this is a fresh foods store that jd is hoping to roll out in various cities across the country. just like the way amazon and walmart are in a food fight in the united states, jd is in a food fight in china with

alibaba. so this is one of their stores to give you a sense of what they've done, they raised the bar. it's a high-tech supermarket i can use my mobile phone to scan a live fish and then find out exactly where that live fish has come from. so this is -- the idea of fresh food is a part of jd's efforts to reach out to son tsunaconsum especially on this big holiday, it's 6/18, which is a major holiday that jd created. the idea is to boost consumption especially online. the company says it is on track to break its record from last year of $25 billion. and the company itself, brian, has been hoping that this will help one of the major problems here, which is the concern that consumer spending is slowing down when you look at other consumption data it has not looked good.

one more point about the live fish, in china, as opposed to the united states, you have to make sure that you take your lye fish and bring it to a processing center that is in your grocery store otherwise the assumption is that you will want to take that fish home live. so it goes into your trunk live. just a word of warning >> all right two comments and a question. "a," if i come over, i'm never ride ag round with ying around car. number two, take off your reporter hat, put on your eunice yoon walking around beijing hat, do you see a lot of impact about trade? are people talking about this outside? are they reducing their shopping habits are the malls empty? what do you see? >> yeah. well, people are talking about it a lot there is concern that the trade war as well as just the bad

data, the economic slowdown, the stock market, all of that stuff is affecting the way people think here so people have been starting to talk about cutting back. because if you understand the way the chinese culture is, it's different from the united states where people are major spenders. here people have been starting to spend but they have not been spending quite as much because the tendency for chinese is to save there is not a major social security net people have to pay for mortgages. because of the one-child policy, they have to think about taking care of two sets of parents on burn person's salary or maybe two. there's a lot of concern about what's going on in the economy that has been having an impact >> all right eunice yoon live in beijing. make sure that fish has some cold water on it thank you very much. central banks in focus, not just here but all over the world. the euro president, mario draghi saying that more stimulus there could be on the way. our federal reserve kicking off

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welcome back to "worldwide exchange." these are your news headlines. president trump will officially kick off his reelection campaign

tonight in orlando and supporters are already lining up it is first come first serve so only arrived 40 hours early to assure a spot. the president will take the spot at 8:00 eastern. his speech will touch on the economy, to trade, to immigrati immigration. a house suddenly exploded and sparked a fire in ridge field, new jersey. an off-duty police officer was nearby at the time and helped to rescue one resident who was trapped inside forget about snakes on a plane, fliers on their way from venice to newark had to deal with a smaller pest but a whole bunch of them. a colony of ants pilled out of a bag in the overhead compartment and started crawling across passengers once it landed the airlines called an exterminator and alteerd authorities. more "worldwide exchange" after this quick break you're here to buy a used car, truck, suv.

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ready, set, cut? the federal reserve kicking off a two-day meeting today. will jerome powell surprise the market and cut rates will they raise rates? what will they say about rates a story out of the middle east the pentagon sending another 1,000 troops to the region and facebook making a big bet on digital money will it pay off? it's tuesday, june 18th. you're watching "worldwide exchange" on cnbc.

♪ thank you for being with us on cnbc. i'm brian sullivan it's 5:28. the big story now is actually coming out of europe moments ago european central bank president mario draghi says the bank could ease fiscal and monetary policy again. either through interest rate cuts or outright bond purchases, quantitative easing. if inflation does not pick up in the eurozone the euro currency sliding dramatically on that news against the dollar we're also seeing big moves in the bond market. the yield on the benchmark ten-year bund hitting a new record low a negative yield, 0.29%. eurozone money markets are now fully pricing in an ecb rate cut by december. our treasury yields are also slipping the yield on the ten-year note

at 2.05% what's that sound? that is the sound of realtors clapping because mortgage rates are likely to come down yet again. these moves come as the federal reserve here gets ready to kick off a two-day meeting. can the fed rescue an economy that may be slowing down joining us is jeff kleintop from charles schwab we are -- i feel like jerome powell and the fed, jeff, are like robert redford and "the natural. they're banged up. they have to hit a home run otherwise they're not going to win the pennant. are we placing too much faith, hope and emphases on the fed >> we can root for them but it's a tall order not only do we have escalating trade tensions, renewed tensions with north korea and iran, we have a slowing global economy,

cfos talking about a recession next year. this global slowdown it's a lot to stack up against a rate cut here, a rate cut maybe in europe as well. especially when you look at rates already negative overseas. financial conditions in the u.s. or else where rewhere are realle cause of this downturn it's a tall order for more monetary stimulus to turn things around for the first time i think ever, jeff, correct me if i'm wrong, at least not for a long time global pmi has fallen 13 months in a row i don't know if that's ever happened if not it's not happened for decades. what is that telling you >> it's a really weak manufacturing environment. you can say manufacturing is only a small portion of total global output. it's services that we do with most of our efforts, most of our people manufacturing is a good leading

indicator to where the economy is headed. that one has been headed down for some time. it's also a good leading indicator for profits and they continue to slide. it signals a second half that will probably not see the profit rebound that many analysts are hoping for >> the eurozone, the european central bank basically all but screamed at us that they'll be cutting rates and/or buying bonds again. does our federal reserve now have to react to what they may do in other words, we get some kind of global race to the bottom in rates and almost a currency war? >> maybe we've already seen a number of central banks in asia, smaller ones, but they started to cut rates. i'm not sure i think the ecb may move in lag response to what the u.s. does we heard from draghi, while it may not be his call, later this week there's going to be a summit in europe where they'll decide who the next head of the european central bank is

mario draghi is out by october if it's a german -- there's never been a german head of the ecb, that could go in a different direction. >> all this macro stuff we talk about, that's out there. what our viewers and what your clients want to know is what do i do >> i think there's a few things to consider. one is think about the healthcare sector. this is a sector that's lagged this year. it's reasonable from a valuation perspective that could really do well or relatively better in an environment of slowing overall growth of course healthcare is a more defensive sector it's also one that did well in the fourth quarter of last year when stocks fell sharply it was the second best performing sector. that's an area you can look to for defense in an environment that may be more difficult in the second half of the year. the other thing is broader global diversification i know that seems crazy in an environment with so many

threats. correlations among the stock markets have moved to the lowest level in 20 years. they're moving more independently of each other. broader diversification may be beneficial here as opposed to invest normal instincts. >> this will sound crazy, should we invest in japan i know they had five recessions in 20 years. the market has done nothing in the last year or two on every metric, jeff, it looks insanely inexpensive >> you know, japan does have a number of things going for it in addition to the fact that japan is not targeted in any of these tariff threats >> exactly they're out there literally and figuratively on an island. >> that's absolutely the case. consumer confidence in japan has come down a bit. it may be beginning to turn around and creep back up again as opposed to the u.s. and eurozone where it's high and beginning to recede. there may be more strength within the japanese economy than we've seen in some time.

jeff kleintop, always appreciate it have a great day >> thanks. to your other top story, facebook making a push into digital money. it's called libra. let's get more on this with julia boorstin live in cannes, france >> that's right. facebook announcing its long-awaited crypto move, a digital currency called libra, it aims to make it free to send money around the world and easy to send money as it is to send a photo this currency will be run by a non-profit based in switzerland, not run by facebook unlike bitcoin, libra will be backed by real money in order to limit the currency's volatility. facebook is partnering with 27 other companies and organizations to start libra as an open course currency. the companies range from mastercard to uber and lyft to non-profits that focus on

financial inclusion. facebook planned to have over 100 developers on board by launch facebook has a plan to profit from libra it's creating a new subsidiary, a new app called calibra it will be a digital wallet that will operate on top of whatsapp and messenger and also as a stand-alone app. calibra aims to enable anyone to securely store money for free and to allow people to send and receive libra instantly around the world with no fees facebook does plan to add other financial services such as loans, which it could profit from facebook says it is keeping this digital wallet division totally separate from the rest of facebook to ad targeting will not be impacted by the financial data that this division of facebook will have on you >> hacking, cybersecurity been in the news a lot. how is facebook going to help make sure that libra is safe >> here's the thing. i think facebook is trying to make sure that it is not the

only one runninglibra. it is handing over the running of libra to a non-profit based in switzerland the key thing is calibra, facebook's app, that does need to be secure facebook says they will have this same controls and oversight as you would for a credit card two-factor authentication. they will make sure they can do all sorts of -- if you have face recognition on your phone, to use that to make sure it's you they will promise you even if you lose your calibra dollars that they will replace them. they want to reassure you those assets will be safe. >> interesting story joining us now to dive into this story is lou kerner from crypto oracle. you literally may be the perfect

guest in the world to have on about this story i think i know as much as anybody about that >>ky go a half hour with this interview. i have three minutes you can make loans, you and i can send it to each other over the facebook app sounds a lot like a bank >> it does >> not a bitcoin >> that's one of the big differences, this is at the moment centralized it's not decentralized so you have someone running it >> i thought the whole point of cryptos, the ethers, the ripples, the bitcoins of the world is to be decentralized isn't that the whole basis of what they wanted to do >> that's what they wanted to do a lot of other people think differently. ripple is not decentralized. ripple is centralized. it's the third most valuable cryptocurrency you can have a valuable

centralized cryptocurrency >> what do you make of this? is this facebook trying to get a bit of that crypto buzz? big companies love to have that buzz, that pr buzz around it is this really a paypal clone? >> i think facebook has done an amazing job of taking a percentage of your time. that's how they monetize -- >> now they want a percentage of your money >> now they want a percentage of your wallet. they say they will not mix the data with the social data, that doesn't mean they can't take your purchasing data and still market to you. it can be very, very powerful. i think that's what other partners are there for as well to get access to that data >> that would seem to be the next step if i were to strategize for facebook, start to take on amazon. >> undoubtedly they want to get -- the same way amazon looks at getting a percentage of your wallet, facebook will want a percentage

of your wallet if you look at what's happening in asia. how the major apps there operate, like wechat, more and more of peoples time is spent in wechat >> they live there those people literally digitally live there >> tso that mixture is already happening there. >> you always have facebook open on your phone or desktop, you're always logged in, now maybe paying for fantasy football leagues, sending cash to your kid's college, and soon making loans and buying stuff is that a good thing for facebook >> it's been a good thing for wechat i think that's how facebook created value is to get you to spend more and more time after more than ten years of

increasing the amount of time spent on facebook, the amount of time now people are spending on facebook, and that's the major problem facebook has been facing for the last two years now they're trying to offset that that's hard to turn around this is a way for them to start another business to eventually -- eventually the ad business they have will go into decline. >> i wonder if this is a negative for paypal. >> undoubtedly >> this venture is being run by the former head of paypal, david marcus we'll talk all day about facebook and bitcoin to me, this is a facebook and paypal story >> this will educate a couple billion people on cryptocurrency the more educated people are, the more people will want bitcoin relative to other assets >> that's the good thing every time you get that adoption

on a major level -- i know the real deep crypto guys will not like this move they want crypto to be their thing outside of the sphere of central banks, hard currency this is kind of gold in many ways >> i think bitcoin is gold i think what this is, this is just essentially just another dollar and by the way, we need a digital dollar that we can trust. tether today is what people use as a digital dollar. nobody knows what's backing tether today so it would be great for the ecosystem. >> the trust and confidence of other tether users >> the faith, exactly. but there could be a run on the deather bank a lot of people could be out of luck >> it's a big story. you're the perfect guest lou, appreciate you coming on. a tough sign of the times for boeing

the company did not book a single new order for any of its airplanes on day one for the paris air show that is if not rare unheard of by comparison, airbus reportedly locked in orders and options for 123 new planes the lack of demand for boeing comes as the company works to return its grounded 737 max planes back to the sky shares of boeing not reacting to that they're actually up. ge aviation is on track to book a record amount of orders for itself the company booked 24 billion in orders of engines and services on day one of that air show. that includes a $20 billion order with indigo airlines out of india ge's stock is up g eshg is ge stock is up 40% this year coming up, a double dose of food news. why taco tuesday is taking on a

new meaning today and it's thanks to steph curry. and why today's facebook news got us thinking about a 5 $5.5 million slice of pizza. it's a bitcoin story you have to hear

welcome back to "worldwide exchange." thanks for being with us on a tuesday morning. dow futures are up 70 points the federal reserve kicking off a two-day meeting today. the rate decision coming tomorrow the markets optimistic heading into that. treasury yields are continuing to fall. the eurozone, the ecb about an hour ago, they came out and basically all but smacked the market over the head and said hey we will either cut rates or buy bonds or both, ie stimulus you remember that? that is sending their rates down, sending our rates down sending the euro down. the euro, you can see on the far right side of the screen, right when mario draghi began talking,

the euro not collapsed against the dollar, but it was a steep drop frank holland has what we're talking about today. >> the content wars are booming right now. we have the latest salvo at&t's warner media is close to a blockbuster deal with j.j. abrams this deal is worth about 500 million, it would give warner media first dibs on all future abrams production. his production company is behind hits like lost and west world and movies including "star wars: the force awakens" and star trek beyond it sounds like a lot of money but only a drop in bucket when you look at what streaming services are spending. shonda rhimes got 100 million. so much money being spent out there on content wars.

we have to come up with a show good news for all you taco fans the warriors may have lost the nba finals but they made all of us winners today anyone in the u.s. or canada can buy a free doritos locos taco as part of the game's steal a game steal a taco promotion the warriors took game two in toronto. so fans can stop by today and claim their reward >> sounds good to me >> all winners >> it is frank holland, thank you very much taco tuesday on deck, we're counting you down to the big fed meeting, what you can expect from jerome powell and company tomorrow. plus more on the developing story out of the middle east the u.s. announcing plans to deploy more troops to the region as tensions rise with iran we'lta ml lkore about the impact on the oil market. w?w?uhió'ñó

all right. we have an update on boeing. wet 1200ñ

the u.s. sendingñ 1,000nmor troops to the middle east. that iskço video from the ñattk that's the front of the ship burning. the u.s. says iran linked a mine to the ship and remotely exploded it. in the meantime, saudi arabiaçó shaking off those rising tensions the saudi oil minister hoping to extend oil production cutsat ño joiningjf us is chris wright, f viewers who don't know what opec is scheduledñrto meet next tuesday. many of us have flights andfá5a hotels booked. of people, they still have notdg nobody cares about that. nobody is whining for us opec reporters. is the state of obvious discord in the middle east and with opec >> indeed. look, wee had the downturn in l prices in '15 and e'16, itñiw opec fights the u.s. for market share. the u.s. -- the shale revolution

won. our productionç costs have gone down production growth rates continue to be high what does opec do about it >> the price continues toxúfall i don't need to tell youo that. you live it5a every day tryingo make a living atu[ liberty l field services do you think opec will react more to get thee1 price eup?o saudis won't be happyk4á51- barrel >> i think that's true i think we're getting near a floor where things with the budgets get very tough for the opec nation. ; o drop below this. what it means is theyqhave to continue toñrcede market shareo u.s. growth. >> can you at liberty and other fraccers, can they make money at 51 and change at oil >> it's near the bottom end. the best producers with the best acreage can. things get tough the indindustrye is not doing

at below $50 >> energy the worst performing sector this year over the past year they're giving up, but they're frustrated they have not made a dime in years. >> if they're not giving up, they're awful close to it. the industry has not made a great return on capitol. liberty has. >> differentialo technologies with us are different than ourx competitor. that's not an oindustry-wide companies. what are they telling you now?e what are they saying >> they're sayi things are tough. things are e1tough anybody that is a higherucos mid cost producer is getting squeezed, pushed out

if the rate ofq improvements sw down you have huge profitability problems across the country. >> i remember you were here the day you guys went public it's been a tough run. wee1 appreciate youo$ájton thank you very much.c&q>> thanu good luck at the opec summit. are kicking off a two-day meeting today. the interest rate decision will come at fe2:00 tomorrow. yes, there's at news conference at 2:30. joining us is mark avalon,t potomac wealth advisers president. mark, you wantn&o to run clien money, you don't want to be a fed watcher. is it possible these daysi] to what you do in youre1e1 industrd the fed? you're right the fed is the story we had tariffs which is the other story. the fed alwaysf seems to lurk the mostx important factor.

right now i think the media has gotten ahead of )ñthe fed will do. we had a 3.2% gdpe1 and we haver 3.6% unemployment in may so i don't think in that strong u.s. economy the fed will say we need to cut because we think an economic slowdown is on the horizon. we see a few signs of a slowing economy. the fed will take affirmative action >> and if they cut rates tomorrow or in july, is that going to actually help the stock market or is thee market alrea moved up in the last month inw3 anticipation of the cut? >> i think the bond market is already moving i think the stock market isxd waiting. i think the stock market willxd react positively later in the

year if we have a slowdown to rate cuts.r they still have juice and energy to move the market on the otherx hand if the fed comes out tomorrow andte surprisingly cuts, which i don't think they'll do, but ife they do, that is also a warning sign that maybe they seeqsomething scary or that is detrimental to stock prices this is why i thinkfá they hold the line and not are q overreactive if we get a deal with china, that will be stimulative if the fed cut after they raised murkye1 situation. they have a steadier hand ine this meeting if they movex laterfe@q' the , when things have more clarity, that could be a stronger strategy for them. >> quickly, mark, good investment to make right now is -- >> i think youe go to where the puck is going not where it is. i think factories and manufacturing moving out of china. look at emerging countries that

are benefiting vietnamxdis a ben isseficiary this there are places around the world to make money. you keep your eyes open for those opportunities. >> marke1 avalon,lp appreciate . have a great day there thank you. time for your morning eqr. with bitcoin's haven't price jump it's doubled and facebook's new digital whatever it is, seems like ax good time to remember a story some of you may already know.xdies are back in the headline hungry, he owned bitcoin he asked anybody out there tofá1 bringe1 him two large pizzas, he offered 10,000 bitcoin for the pizzas a guy with a screen name of le jerkos accepted the offer and brought him two large pizzas and got paid in 10,000 bitcoin today those bitcoin would be worth $93 million.

46 million per pizza,t(about$55 millione1 per slice. that's itw3fore1q"worldwide exchange." "squawk box"x begins qnow. >> breaking news with facebook unveiling its cryptocurrencyf plan we have all the details and reaction onfá wall street strait ahead. a big move in the euro early this morning after t(1ecb prest mario draghi issued anx inflatn warning. ](á' thej way forq more stimulus the inflation warning. it's too low in my life it always meant too we'll get you ready for a potential market moving decision from the u.s. federa@r reserve.j the central bank's two day áájtk meetingi begins this morning on tuesday it is tuesday. that's good.x is it free taco day?

i heard that from brian sullivan "squawk box" begins right now.e live from new yorkf wheree business never sleeps. this is "squawk box."e1çó >> good morning, everybody welcome to "squawk box" onç cn. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. they have been higher even after the gains we saw yesterday 68 points. the s&pe1qiutures are up close o 10 points. the nasdaq is up by 45 points. we sawe modest gains in tradin activity yesterday that comes after the last couple of weeks where we have notched gains for both of thoset(1 wee. uqás there are closed the nikkei ended down by e10.7%.