it is 5:00 a.m. at cnbc. here is the top five at 5:00 louisiana picking up the pieces in the wake of hurricane ida more than 1 million people without power. we are live with the report ahead. and the withdrawal from afghanistan. president biden set to speak today. the latest from washington next. on wall street, the final day of august. we made it can anything stand in the way of the rally on wall street we will discuss that

$1 billion in sales. not enough for zoom. many dumping the stock in the latest of the quarterly report the europeanunion with travel restrictions in the u.s. as covid cases move higher we discuss all of this on august 31st, 2021 on "worldwide exchange." good morning i'm seema mody in for brian sullivan on the last trading day of august. let's look at stock futures and how we are shaping up. s&p 500 is up 10 points. dow jones industrial average up 67 the nasdaq also indicating a higher open by 50 points let's put perspective in the market s&p 500 is inching higher in record high territory. the index now on track to end august with the best performance over the first eight months of the year since 1997 with a more

than 20% gain. the rally may seem impressive on paper. according to dow jones, 2021 is the sixth strongest performance in the past 50 years if history is any indication, according to lpl financial, the last time the s&p 500 rose more than 50% through august, four times. s&p 500 set to gain 3% this month. a similar performance in japan more companies go public there and the economy rebounds outside of the market stuff. look at shares of zoom this is the big pre-market mover. sinking despite expectation for the quarter. investors seem to worry about the slowing pace of growth that the company is seeing right now. shares are down 11%.

more on zoom throughout the morning. first up, we head to louisiana. the gulf coast now emafter hurricane ida makes landfall residents coming back from desdr destruction and starting the recovery we have nbc's jay gray with the latest good morning >> reporter: seema, good morning. the rain we are getting early this morning is not a help for the rescue or recovery efforts damage spreads far and wide across the state at this point here is an example in new orleans. this scene is playing out across southeast louisiana right now. the worst of the damage. >> it's a lot. >> reporter: along the southeast coast where ida made landfall. >> unreal. this is nothing i've seen

before >> reporter: in a state that has seen its share of storms, ida was different. the storm surge and driving rain swallowing communities along the shoreline and even as far as la plasse familiies gathering what they ca and high rescue vehicles bringing people to ground. >> i got my baby i wasn't going to stop until i got my baby out. >> reporter: in new orleans, the problem continues to be power. the metro area in the dark >> 1.1 million homes and businesses it is well over 1 million people >> reporter: ida pulling downpod down power cables and knocking down transmission lyines the damage could take weeks to re repair >> for the restoration process, there will be priorities so the most critical infrastructure

comes up first >> reporter: the magnitude of ida andmess left behind with survivors with a new perspective. >> i'll never stay home again. >> reporter: the remnants from the storm, evidence it is not a risk worth taking. now right now, there are 5,000 national guard troops on the ground here. more teams, rescue, recovery and clean up teams on the way. seema, it is a rough go. >> i was curious, jay, what help louisiana is get from the neighboring states and at the federal level to accelerate the recovery timeline? >> reporter: the declaration of disaster opened up federal moment and help from the federal

government moving in and as far as california, rescue teams are here now helping out the hardest hit areas. you have contractors trying to pull away bricks and get things cleaned up to assess the situation and begin to move forward. >> jay gray, thank you new this morning, the u.s. completing the evacuation out of afghanistan. officially ending the 20-year war with the final u.s. troops taking flight hours ahead of the august 31st deadline nbc's tracie potts joins us now. tracie, historic moment in the making here. >> reporter: it was, seema, it was a dangerous mission to the very end as well u.s. military thwarting attacks by isis in the final hours the last soldierto leave afghanistan marking the end of america's longest war. >> i'm here to announce the completion of withdrawal from

afghanistan. >> reporter: the last flight out ends the largest non-combat lift in history moving 120,000 people. including 6,000 u.s. citizens. the state department tracking 200 americans left behind. >> we will keep working to help them our commitment to them has no deadline. >> my question to the secretary is what is the plan? what is the plan now to get americans out? >> reporter: president biden speaks to the nation this afternoon defending his decision not to ex extend the deadline he said it was the unanimous recommendation of the joint chiefs and commanders on the ground that ending the mission was the best way to protect the lives of our troops and those who still want to leave. the taliban celebrating the u.s. departure with gunfire $1 trillion war is now over.

more than 2,400 americans lost their lives. including 13 in last week's airport attack >> very caring, loving just a good girl good lady. >> reporter: as the war ends, grief for many, just beginning also, just beginning is the diplomatic effort now to deal with afghanistan with no working embassy and no road map for dealing with the country that is now run by america's long-time enemy. >> leaning on qatar or turkey for the diplomatic efforts it remains to be seen what it looks like w we will hear from president biden later today. tracie, thank you. tracie potts back to the markets. continues to grind higher in the

face of covid and political fears. s&p 500 closing at the record high for the 53rd time this year check out the stats at s&p 500 s&p 500 has posted at least one closing high every week for 13 straight weeks going back to june let's bring in the cio of wells fargo wealth good morning to you. you have to be mindful of all sorts of risks, the economy or potential for tapering which we continue to talk about what about geo politics? it was russia and china seen top of mind. with afghanistan and u.s. pulling out and prospect of terrorism in the region or what that risk assessment is shaping up >> it is important as we close

august out one of the top five storms make landfall in the gulf coast a diplomatic challenge and new jersey in afghanistan and the delta virus running rampant. the markets declinecontinue to e higher and higher. the markets sets up nicely for favorable outlook. in some cases, i think people are under estimating the strength of the market we talk about complacency and worrying about the next 5% to 10% correction is coming the reality is we could power through nicely on the way up to closer to 5,000 on the s&p over the coming months. >> four months left in the year. what changes are you recommending clients make to the portfolio? adding more money to the sectors? if you had to put money today, where would it be?

>> that's a great point. what is missed on the general of new highs every day and every week in the markets is a strong violent rotation happening unde underneath growth out performed value on large caps by 1,200 basis points the last three months. it just killed it. today, growth looks rich when you think of the long-term averages growth trades at 2 points to 3 points premium today is 6 points to 7 points premium. the revisions off the back of earnings season have come for value and cyclical we still think there is an opportunity in financials and instrumentals s industrials and materials. in fact, you can look at areas like small cap and emerging markets where they under

perform. emerging markets are down year to date. one of the few equity sectors around the globe that are negative for the year and in the year where things are positive there is value out there if you pay attention and look closely. >> interesting to your point about growth out performing value apple and google up 5% to 7% in the last four weeks. great to see you thank you for joining us when we come back, call them the corporate cash raises of the year what do these pledges really mean and are companies and countries living up to their promises cnbc investigates. it may be reddit's favorite meme stock after surging 1,500% this year alone. we will get to the name ahead. and fallout from the chinese restrictions on children and online gaming. a busy hour still ahead here on "worldwide exchange.

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time now for the big money movers four stock stories we are watching i like to look at zoom down 10% despite estimates on the top and bottom line for the recent quarter the company showed slow user growth versus a quarter ago. not including the after hour price change zoom stock up 3% since the start of the year. trailing the s&p which is up 21% over the same period you can catch zoom cfo on "squawk box" at 8:40 shares of robinhood under pressure after the rough trading day. yesterday, the report from regulators looking at a ban on the practice that accounts for

the bulk of the refvenue. there is a cnbc report that p paypal is getting into the business. and new favorite stock after surging 40% yesterday, shares of supportsoft.com are up in the pre-market trade as investors focus on the heavily shorted stock. supportsoft.com shares are up 1,500% this year the average u.s. stock has five shares. and shares of chinese gaming stock bouncing back trading on news that china is limiting online gaming for minors three hours a day and a week it is designed to protect the mental and physical health of minors under 18.

these were some of the biggest movers yesterday netease down 10% in yesterday's trade. "worldwide exchange" is back after this >> announcer: esg impact is sponsored by morgan stanley. al collective of thought leaders offers investors a broader view. ♪♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley.

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specifically the cryptocurrency trade. bitcoin is down 2.5% right now a month to date chart shows bitcoin up 15% so far this month. it is out performing equities in the month of august. this has been a volatile trade for the year straight ahead on "worldwide exchange." the road to recovery in louisiana. after ida barrelled through the region, we speak with a former fema administrator with what is in store. the trip to europe got more complicated. eu weighing restrictions on u.s. travel as covid cases tick higher we are live in london thhewi t reaction str straight ahead here on "worldwide exchange. or lines for family members,ee you'll get great value on america's most reliable 5g network. like 2 lines of unlimited for just $27.50 a line. that's our everyday price. plus, our plans always come with unlimited talk, text and data included.

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the final u.s. troops air lifted out of afghanistan as america's longest war comes to an end 1 million plus still without power in louisiana as the state begins the long process of recovery highlighting the real factors holding hiring back in the u.s. here is a hint it might not be unemployment insurance. it is tuesday, august 31st, 2021 you are watching "worldwide exchange" here on cnbc welcome back i'm seema mody in for brian sullivan here is how stocks are looking through the 5:00 a.m. hour in

new york we are higher. led by the nasdaq higher by 42 points in pre-market trade dow jones industrial average up 77 s&p 500 is up 10 points. it is the final trading day of the month and the top gainers in the dow, goldman sachs and travelers and salesforce sector wise financials up 5% aig, goldman leading the way those are up double digits in august followed by technology which is up 4% for the month. names like paycom. and nvidia up 16% following the strong earnings over the past couple weeks on the down side, boeing, visa and amgen are leading the losers for the month of august. boeing down about 3.5% let's look at futures again. yesterday, another record high

close for the s&p 500. the dow responding to the comments from jay powell a number of better than expected earnings reports we did look at shares of zoom. a big stock move we are watching this hour. down nearly 10%. earnings did beat street expectations on the top and bottom line. concerning comments on the earnings call and responses from a analysts over what happens when people return to the office and children returning to school the factors like microsoft teams and cisco webex. the two competitors that are challenging zoom and market share and dominance in the space. putting the market move in perspective, it is down 7% in the past three months. it is flat for the year. this is the biggest beneficiary of the pandemic and winner on

the s&p last year gaining 300%. making headlines paramount studio suing the insurance company. alleging the company failed to cover the pandemic related claims on "mission impossible 7. shooting was shutdown due to covid. a study found that the moderna vaccine creates twice as many antibodies as pfizer. the results published in the journal of the american medical association. the fraud case then elizabeth holmes getting under way today with jury selection. she faces a dozen felony counts in the trial expected to last about three months coming up on "worldwide exchange." from wasorker shortages and cov concerns a new report on the state of the wl veho fdis ustry. weilha tseinng next

the u.s. completing the military evacuation of afghanistan hours ahead of the self imposed august 31st deadline the major general chris donahue boarding the plane in kabul yesterday. the final service member to leave afghani soil we have eamon javers with the

latest on what this means and the president's pspeech today >> reporter: seema, we will hear from the president today i'll get to that the war ended at 3:29 p.m. yesterday with the departure of the remaining limit forces and general which was the last american boot on the ground. commander of the 82nd airborne division this sets up the situation in which americans left behind are going to need to be rescued because the military presence from afghanistan has now departed we got word from the secretary of state antony blinken yesterday about how many americans we're talking about. 200 americans remain and want to leave afghanistan. u.s. suspends the diplomatic operations in afghanistan. they moved the operations to

qatar. blinken said for civilian traffic, that is important because there will be americans and afghans who want to leave. the commitment to get allies out has no deadline. that is an ongoing mission blinken gave us a sense of how the process will work going forward. here is what he said yesterday. >> we are working to identify ways to support americans, legal residents and afghans who worked with us and choose to depart via overland routes. we have no illusion this will be easy or rapid. this will be an entirely different phase from the evacuation that just concluded >> reporter: general mckenzie gave explanation yesterday his remarks at the press from the pentagon on why it was the decision to be made as some americans remained on the ground here's what he said. >> a lot of heartbreak

associated with the departure. we did not get everybody out we wanted to get out. i think if we stayed another ten days, willie, we would not have gotten everybody out there would have been people disappointed with us >> reporter: seema, you can expect we will hear more about all of this from president biden today. we expect those remarks at 1:30 p.m. at the white house here the president expected to talk about the americans left behind and the path forward in afghanistan for the new taliban government now that american forces have lost the longest war we fought just shy of 20 years in combat in afghanistan seema. >> eamon, it has been two weeks since the fall of kabul. it left a mark on joe biden's presidency i'm curious of the message this afternoon. >> reporter: the history is a lot to unpack. why we were there and whether this 20-year war was worth it or

not. putting that in context for the veterans and people who spent time in afghanistan. the united states public generally committed enormous resources and sons and daughters to the effort. he will have to explain that and he will have to explain his decision to withdrawal why was this the right call to withdrawal entirely as opposed to keeping some shell force to keep the afghan national government going and perpetually propped up the president said that wasn't the right call >> first time in 20 years, no u.s. troops on afghan soil eamon javers, thank you. to another developing story. the european union recommending halting non-essential travel from the u.s. because of the rise of covid cases. this comes as the spread of the du delta variant as vaccination rates have fallen behind rates

of the eu. the travel rates are reviewed every two weeks. it has set a pattern for who can visit the continent. let's get reaction in europe with julianna tatelbaum. julianna, we have seen an update from italy requiring travelers to be vaccinated and present a negative covid test upon arrival. >> good morning, seema that is right. what we have here from the eu is looking to reinstate travel restrictions on u.s. travelers with america's infection rate above the safe level they created a safe level at 75 individuals per 100,000 inn has been toninhabitants. this is just guidance. it is up to every member state to make decisions around their

own rules. we expect to see more countries bring in testing rules in addition to vaccination requirements we have seen a reaction in airline stocks today yesterday, the uk bank holiday when it would happen today, stocks are catching up and reacting iag and british air way is 3% lower. they have a huge trans atlantic business the uk is separate from the eu this will affect them moving forward. easyjet down 1.7%. wizz air is down 2.9%. we have seen in the uk and europe over the last several months and summer season is the rules can change very quickly. this uncertainty is likely what will weigh on travelers' minds if the current restrictions don't change dramatically. these are non binding recommendations from the eu

rather than rules. we may well see various member states take action and restrict travel immediately seema. >> it raises a lot of concerns and becomes more complex traveling overseas julianna, thank you. julianna tatelbaum in london. back home. millions still without power in louisiana one day after hurricane ida barrels through the region in the strongest storm in 16 years. nbc's jay gray is still on the ground in new orleans and joins us now on the recovery efforts jay. >> reporter: good morning, seema. a burst of rain over the last 30 to 40 minutes. it cleared to help the teams to get out in the next few hours. look at the damage in the downtown area. this building actually is a building that local legend has it, louis armstrong grew up in

at the age of 7 and where he learned to play music. it, obviously, is destroyed here the facing pulled off and brick on the ground. that scene is all across louisiana right now. an long the coastline, the wate caused issues. here inland, it was the wind the wind was ferocious when the storm moved through. you have 5,000 national guard troops on the ground you have crews from california and 30 states moving in to help get things started and get things moving. that will be difficult until they have power to really begin the recovery efforts here. that, seema, is going to take time. >> that's the case jay, thank you jay gray in new orleans. for more on the response to the storm, let's bring in the former communications and public affairs at fema.

it seems the biggest affect is on the energy sector entergy is warning it is not just days, but weeks to get the power back. >> there are some 20,000 power company workers that have made their way to louisiana from all over the country it is going to take weeks. it will take weeks to get all of the power on and people will have to grin and bare it this is a treacherous disaster so much of the area is impacted that it will take a long time. right now, there are contractors and federal employees and the red cross are in louisiana by scores the most important thing right now is finding survivors and finding victims in the rubble and in some of the inundated

areas. after that, the most important thing is -- first of all is life safety the most important thing is debris removal there are private companies bringing in hundreds of trucks to remove all of the debris which can have pathogens in them and dangerous items. it's so important to remove the debris the federal contractors will be looking at all of the public damage and damage to sewer systems. it is very important to get the water systems and the sewer systems running as soon as possible if any of them are down and i know in some areas, they have been contaminated. that's one of the things that's most important they will go through and do the inspections for all of the homes. >> morrie, when you look at the

fears now. the fear of storm surge and additional flooding. when you track the storm, because you have gone through so many natural disasters, what worries you most >> i think the issue is the long-term impact of not having a place to live. i don't know what the number is right now. a lot of people are in red cross shelters or staying with relatives. the most important thing right now and worries me the most is getting people somewhere safe and somewhere to have a roof over their heads that is one of the most important things probably bringing in house trailers as they have in the past they will be handing out vouchers for hotel rooms it is really important for the life safety and for food and shelter and all of that and at the same time, all of the inspectors are looking at all of the things that need to be repaired and prioritizing them also people interfacing with the

federal government and state government and local government. it is a massive undertaking with thousands of people that are taking part in the recovery. >> the levee system. do you think it is doing its job? >> it did do its job in new orleans. i think a lot of the people are thanking god that the repairs and improvements made after katrina held this time most of the flooding, from what i understand, and i'm not there most of the flooding is from rain and not from the surge. >> just speaks to why this infrastructure is such an important and crucial part of the u.s. plan here morrie, thank you for joining us morrie goodman. coming up on "worldwide exchange." are enhanced unemployment benefits doing more harm than good is that the reason retailers are finding a hard time finding

workers? if you missed us, you can follow us on our podcast on your favorite podcast apps. we'll be right back.

good morning welcome back to "worldwide exchange." the national restaurant association out with the latest state of the industry report our kate rogers has the details. >> restaurants sales made a nice recovery and projected with $789 billion this year. this is still well below pre-pandemic levels. labor is a hurdle for operators. 75% said retcruiting is the top challenge. the highest level recorded in 20 years. in january, that number was 8% overall, eating and drinking

establishments are 1 million jobs which is 8% below pre-pandemic levels. prices have risen 4% pandemic era translates in technology which is positive for business, the delta variant is threatening the recovery 6 in 10 adults changed dining habits you can see the impact of the rise in covid cases with the dining sector. the year to date winners are those that operate well in more restricted settings like chipotle and domino's and papa john's seema. >> thank you some restaurants have leaned into the dining paradigm of takeout and delivery and technology hipcityveg will expand joining us is the founder of

hipcityveg good morning when things are tough with the variant with the report there, why are you planning to expand and increase the footprint >> we have been planning to enter the new york market for a few years. we had a little setback while the world was turned upside down we are now back to growth. what has really changed is our approach to expansion. our expansion model in new york pairs a flagship store in union square with go kitchens. smaller delivery and pickup only locations in other neighborhoods to introduce the delicious vegan burgers and fries to hungry new yorkers right from the start delivery orders and online orders pre-pandemic were about 15% of sales delivery orders now are close to

50% of sales everyone else, we are waiting for the return of office workers to the core business districts and areas in the city where some of our stores are located. in the meantime, we are working to bring food to people in their homes. with the hybrid model, we plan to add eight locations >> that is exciting. that is a huge stat. delivery is 50% of sales what are you expecting, nicole, going into the fall with macsk mandates and restrictions? do you expect people to dine in or opt for delivery? >> we have seen a shift since the pandemic to online ordering, including delivery our online sales have more than tripled from what they were pre-pandemic we embraced that our team has embraced it it is integral to our growth

strategy our delivery only locations or go kitchens get our food to customers faster and fresher which is key to success and adapting to the change in consumer behavior. we also really want to have brick and mortar to still serve customers that do get out of their homes and it is important for brand identity and brand recognition and culture building this past year has seen unprecedented interest and investment especially with the crushing news about the climate. there is an added urgency for exec solutions. we see this as an ideal time to grow >> who would you say are the biggest competitors of yours the publicly listed restaurants like chipotle. sweet greens has plans to take the ipo route. of the fast growing chains,

which is your biggest competitor >> definitely chipotle and sweet greens we like to think we're the next shake shack and we are striving to do that in a plant based way. fast casuals we are competing with the space. there is opportunity in the space. especially in the plant based segment of the industry. we are excited for the future. >> vaccine mandates. do you expect to see a bigger trend in the restaurant industry going forward? >> yeah, as far as vaccine mandates i think it is a good option, especially if all indoor venues and businesses in a city or state have to comply so we are not singling out restaurants and making it harder to draw customers or employees you know, we all have an obligation to protect ourselves and our economy to get

vaccinated and protect the people who cannot get vaccinated because of legitimate health issues our stores hosted a vaccination drive. we made it easy for our staff to get vaccinated we mandated masks before the city did to protect each other we all have to find a way to get people over their fears and hesitancy and get everyone vaccinated who safely can be >> nicole, great to have you on. good luck. nicole marquis >> thank you back to the markets. today is the final trading day of august. next month, the pandemic lifeline is set to expire. enhanced unemployment benefits many say that is holding back hiring my next guest has another take sharing his thoughts the headline why the lack of workers? blame the lack of child care covid illness and the economy reopening all at once. joining me now is chief

economist marc zandy >> good morning. >> how do you explain this dilemma we are living in right now? a shortage of workers and we are still 6 million jobs short since the pandemic >> it is a range of reasons, seema. i put at the top of the list parents taking care of children schooling online that will change in the next few weeks. people taking care of the elderly parents. people fearful of getting sick going back to work taking care of sick people people sick themselves lots of people lost their jobs where their previous employer went out of business and finding a new job and commutes and child care takes time.

a range of reasons not one, but many. >> i'm sure with the delta variant, if it does continue to present a bigger risk, that will solve a lot of people going back to work this fall. >> absolutely. it is having aim n impact a lot of workers are in the going back to the office because of delta it is delaying when they get back i was just in san francisco near the financial district it looked quiet. retailers down there, restaurants, were not busy because no commuters coming in every time we have another wave and people get sick, that is more people who can't work that makes more people more fearful and less likely to go to work we have to get to the other side of the pandemic to iron out the issues. >> when you comb through the jobs data, in a way, does it amplify the long-standing fears about automation and robotics and over time whether we are fully appreciating the

technology in fulfilling the jobs that are no longer out there in the market? what do you think? >> well, i think we need more automation there is a lot of fear about this, but it is an age-old fear. productivity growth and that's what this goes to. how can we produce things with fewer people and fewer hours it is picking up now businesses are focused on trying to improve labor productivity. they know labor supply is difficult going forward. before the pandemic, the number one problem is lack of labor we will go back to that. we need to improve productivity. i say bring it on. i see it as a feature, not a bug for the future economy. >> it was interesting to hear from john deere last week. empower farmers with drones and

other technology fa farmers don't have enough people to pick fruit and spray fertilizer mark, jay powell was happy with the labor market and the progress on the jobs front he is still waiting for movement on inflation does this august jobs report this friday really matter? >> he was saying that in the speech at the jackson hole meeting last week. he focused on inflation and a lot of concern about that as there should be. he made a strong case, i thought, the spike in inflation is temporary or transitory this time next year, inflation should be back to the fed target one thing he did focus on was wage growth. going back to the tight labor market wage growth has held up well

it is not growing more quickly than under lying properductivit growth next friday's -- this friday's jobs numbers coming up is very important. we will see what impact delta has had on the labor market as it slowed things down and what it means for getting back to full employment. that is, i think, the federal reserve's number one goal. >> if covid cases peak in the next couple weeks and we see restrictions eased, will we see a post-pandemic rush in consumer activity similar to the first wave of covid? >> a bit it appears consumers pulled back a little bit because of delta. particularly around travel airline bookings and hotels and rental cars and maybe around restaurants. perhaps we will see because the

pull back has been modest. the bounce will be modest. that will be the case with each wave going forward the pent-up demand is less from the previous wave. we will get a bit, but modest. >> mark, i appreciate your time. mark zandi a quick look at zoom shares. down 10% in pre-market trade that is a big stock mover today. thank you for joining me on "worldwide exchange. i'm seema mody "squawk box" is next i've loved trucks since i was a little girl, and now i get to drive the biggest, coolest trucks there are on the road. on my routes on a daily basis i might have 1,100 to 1,400 stops which to me that's 1,100 opportunities to connect with my customers. everyday is another chance to bring a smile to someone's face, and that's what makes me excited about tomorrow.

introducing xfinity rewards. our very own way of thanking you just for being with us. enjoy rewards like movie night specials. xfinity mobile benefits. ...and exclusive experiences, like the chance to win tickets to see watch what happens live. hey! it's me. the longer you've been with us... the more rewards you can get. like sharpening your cooking skills with a top chef. join for free on the xfinity app and watch all the rewards float in. our thanks. your rewards.

good morning futures pointing to higher open. asia all over again. close out the month of august. we show you what's moving. the last u.s. troops left

afghanistan after nearly 20 years. president biden is scheduled to speak today. look at what comes next for u.s. foreign policy. plus, assessing the damage from hurricane ida more than 1 million people on the gulf coast without power we will take you there live. it is tuesday, august 31st, 2021 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm becky quick with joe kernen. andrew is out today joe, good morning. >> good morning. good morning legitimately say, i have been practicing see you in september >> you are such a dad with dad jokes. >> yeah. >> did you get your haircut yesterday? did you ge