it is 5:00 a.m. at cnbc global heads he headquarters. here is the top five at 5:00 trying to claw back losses shares of tesla edging higher after a nearly 10% haircut on friday we have the latest ahead. and it is not just stocks. oil is also, get this, edging higher retail gas prices hit another record high and possibly a consumer breaking point. drama at 10 downing street

in the uk. prime minister boris johnson is set to face a vote of confidence later this evening we have a live report from london ahead later on, it is apple. first in-person developer conference in years. the latest from tim cook and company is coming up it is monday, june 6th, 2022 you are watching "worldwide exchange" here on cnbc good morning welcome to the show. i'm dominic chu in for brian sullivan let's kick off this hour with the check on the markets and your money right now, stock futures are indicating a rebound the dow implied higher by 280 points s&p higher by 45 the nasdaq higher by almost 190 points at this point, technology is a key focus with the nasdaq trade. this is after the dow posted the

ninth negative week out of the last ten with wia more than 1% loss on friday sharp decrease for the dnasdaq you see the ten-year note at 2.96%. the two-year note is 2.06% the 30-year long bond is at 3.11%. we have seen resistance at the ten-year yield higher. more on that in the show crude oil is higher as gasoline hits a fresh all-time high u.s. benchmark west texas intermediate at 12$122.22. ice brent crude is up.

119.97%. in crypto, bitcoin continues to hover around the 30,000 mark prices are higher. $31,424 is the last trade. ethereum is up to below $1,900 the entire cryptocurrency ecosystem is up. that is here we have a developing story overseas it is british prime minister boris johnson facing a vote that could remove him from power after dozens of his own party lawmakers wrote letters calling for his ousting. rosanna lockwood is following the drama. rosanna, what can you tell us about whether or not this is possibly going to happen could boris johnson be removed >> he needs 180 members of the conservative party later on

today, dom, eight hours from now to say they have no confidence this is as close as an impeachment in the uk. votes of no confidence do what they say they say we don't have confidence in you as leader. former prime minister theresa may survived one a few years ago. this story has been brewing for months in january, the investigation launchedinto the parties held at 10 downing street at the peak of the lockdowns the report was released last week i don't know if you watched the platinum jubilee over the weekend. most of the world was. boris johnson did look glum. one suspected he knew what was coming on monday morning it is pouring rain in london this morning some say it is a hangover from the jubilee. some saying we are filing this vote of no confidence. it means he stands down as leader tonight whether or not he will is

speculation. some say he has backing within his party, but it could rock his term as a prime minister as we forge ahead. there is interesting jockeying at 10 downing street over who could replace him as leader if he stands down we will see if we have a new prime minister here in the uk. there are some saying he is the teflon man nothing sticks when it comes to him. he managed to survived scandals before he could survive this one. the process is the 1922 committee. some mps in the uk tweeted letters this morning there have been eviscerating comments over the prime minister lying and drinking and partying at 10 downing street it is interesting that it took until this moment, right after the platinum jubilee, for this to be announced. >> rosanna lockwood, high drama

in the uk. thank you very much. i'm sure you will keep us posted over there let's check on the other top stories as well. silvana henao is here with those. >> good morning, dom carl icahn is dropping the issue with kroger over the issue with pregnant pigs. he lost a fight with mcdonald's. he maintains he does not believe their boards are holding ma management teams accountable the white house is reportedly preparing to announce it will not impose any new trif tariffs on solar imports for the next two years it is aimed at getting solar stalled projects back on track after the investigation into whether chinese producers were circumventing tariffs which brought the industry to a near

halt. and hedge fund elliott management is suing the london metal change for $456 million over the decision to suspend and cancel nickel trades back in march. elliott alleges the cancellation of nickel contract trades on march 81th was unlawful. l lme says it will contest the claims viewing it without merit. dom. >> silvana henao, thank you very much back to the markets now. looking to shake off on the losing week as investors turn attention to the reads on y conx could dip further which could signal that inflation was peaked perhap perhaps. for more on that , let's bring n

marc lopresti. marc, i wonder if we have been talking so much about inflation that this is the point right now that the conversation has come to a head. could that be the contrary indicator that means inflation may have peaked? >> i certainly hope so, dom. i'm tired of talking about inflation. in the environment lyike this, t is impossible to irrelgnore. we hope the number on friday comes in at or about 8.2%. this is a sensitive print coming out on friday, dom if it is any hotter than that, we could see the market react very negatively. we're watching that especially on the heels of last week with the interesting mix of mixed bag of labor numbers and sanguid comments from elon musk.

>> you have a decent jobs report anecdotal evidence out there bits and pieces of companies saying they will slow hiring and maybe rescind extended job offers offe s. if the interest rate discussion if it comes in hotter, is that interest rate the driver of the down side of the stock market? >> it is those two things are connected the fed watches carefully not only at the unemployment numbers, but labor participation numbers. what last week told us, dom, a lot of companies, particularly in the tech sector which has already been maligned and beat up in the value rotation which we can several talk about, had over over-hired such as the case tesla that caught the fed by surprise. that labor market and health of

the labor market is the most important thing that the fed and fed governors watch with the monetary policy. >> let's talk about the rubber meets the road value rotation and growth rotation and everything moving around is it safe to say the energy trade remains in tact? there has certainly been the argument the trend is the friend of many of the energy and oil and gas investors right now. is that due for a slowdown any time soon? >> certainly lots of folks think it is given where oil is and nat gas. unfortunately, for the american consumer, not for bullish traders in energy markets. i think there is still room for the major energy names to continue to the upside that is because of the global geopolitical set up, dom it is due to what we're looking at in terms of weather

forecasted here in the united states and other parts of the world and then the comments we heard from opec about what they will do or not do in terms of global supply. yes, i think there is still some room you have to be cautious buying on dips. there is still upside room to run on energy. >> everything in energy is up these days if you look over the last year. where do you deploy capital? what companies what stocks are you looking at >> we like companies in the mid stream space we substantially under invested in the country in mid stream and prior to the remarkable bull market we have been dealing with for a year or so companies like energy transfer which pays a nice dividend kinder morgan. moving at the 52-week highs. those are major players in the

mid stream space in power transmission, we think that is going to be really interesting this year in the u.s. with the very, very hot summer predicted by the folks that are experts in weather. we are looking at duke energy and xtera to play that trend sdptrend. >> marc, thank you very much when we come back, shares of didi pop ahead of the open. and elon musk's about face with the hiring at the ev giant. first, are gasoline prices closing in on the consumer breaking point we have a busy hour ahead when "worldwide exchange" returns after this to satisfy cravings from tokyo to toledo? so you partner with ibm consulting to bring together data and workflows so that every driver and merchandiser can serve up jalapeño,

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welcome back to "worldwide exchange." another day, another record high for retail gas prices. according to aaa, the current national average for regular unleaded stands at just under 4$4.87 per gallon that is up 87% from this time last year. rbob prices have gone up 14% they are sitting at the highest level on record right now. where do prices go from here how long can consumers hold on and pay these higher prices? joining me now is chief oil

analyst denton cinquegrana denton, i'm curious because i drove in to work this morning. i paid for fuel. $4.93 in new jersey. new jersey is one the places that had relatively cheaper gas before the pandemic started. this retail trade for gas, i'm paying it and millions of americans are. when do we say nah, i'll drive less >> that is the question we will get an answer to soon here as you mentioned before the national average at 4.$4.87. new jersey will probably hit $5 this week. once we hit $5, you will see answers to that question one of the things we have been hearing is you have the group of drivers who religiously use premium. that is now about $5.50.

they started downgrading to regular. i wonder if that is the point where people say enough is enough we will drive less >> the prices i saw this morning were $5.55 to $5.70 for premium option the sticker shock. at this point we have seen the pictures and videos from "nightly news" showing the pictures of gas prices one station in california where they are charging around $9.90 a gallon forget about pushing 5 you are pushing $10 per gallon in certain markets that is obviously not the norm at what point do you say this is an issue for all of us and what can the administration do? >> that is right, dom. you consider high gas prices, you should consider high diesel prices everything you buy in the

grocery store or just about anywhere got to that point by diesel truck those costs will be passed on to the consumer something will eventually break. that's the big worry right now >> okay. if americans right now are looking at these prices -- is there any time they see relief is it going to be a price that dents demand or is it going to be the supply side of things when we see oil companies producing more oil and refiners putting more to market how does that dynamic move out if we see a move in prices >> you will see the demand response first refiners are producing at high levels when we get to summertime and hot weather, you see things break down we need the demand response first. people need to consume less in

the united states. that should help level off prices and give supply a chance to catch up. as we get into the fall, the last 100 days of the year are when gas prices are cheapest that is when you will see relief it is hard to see any relief >> i get that. at what point here -- first of all, let's hope this is a short-term phenomenon. if it is not, do you look forward more of a runway for the oil and gas industry in order for the prices to be brought more under control and become more stable? in other words, do we need more refineries >> more refineries would help. what we saw -- this goes back to 2020 and the pandemic. you saw a period where refineries were not making much money. they reduced runs. some closed down some of them are converted on to produce renewable diesel and aviation fuel. you have taken hydro carbon

production out of the mix. a couple of refineries would help you can't snap your fingers and get a refinery online. permitting processes need to take place it would take a long time. that might be a good answer, but it is probably not the right answer granted, 2023, 2024, 2025, a lot of capacity online globally. nigeria is planning on a refinery commissioned this year. a lot in the middle east and a lot more in asia you will see more refined products on the global market. >> denton cinquigrana, thank you very much. we appreciate your thoughts. still on deck for the show, we are breaking out cnbc's supply chain heat map once again pt looking at the biggestor in china "worldwide exchange" is back after this

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welcome back to "worldwide exchange." phased reopening of shanghai continues. once manufacturing and trucking completely resume, a surge in containers is expected to follow cnbc's senior editor lori ann larocco has more will things loosen up soon

>> reporter: good morning, dom i spoke with the port of new york and new jersey about what we will see. once shanghai opens, it takes six to eight weeks to arrive the port is expecting a hockey stick style of surge of con tat ta takeners savannah is seeing an increased amounts of unscheduled vessels marine traffic is expecting ten days of processing because of the increase vessels on the west coast, things look green, but don't be fooled they have warehouse capacity and rail issues. let's get to china vessel availability and trucking are still very, very tight in shanghai, manufacturers are seeing raw materials shortages as a result of what we see with the trucking as a result, exports are down. i'm excited about this

a new heat map to unveil europe a vital trading partner for the united states. logistics managers are telling me concerns are the availability of them for containers for european exports to the united states the port of hamburg is the heart beat of the world. the threat of the operators strike is impacting productivity as we speak. rail is suspended for export containers because containtaine stuck on the trail we are talking inflation i want to show you this chart. this shows you the impact of the higher container prices at record levels. the energy surcharges here are added. patio love seats and fire pits are topping the list this is the state of the supply chain and a breakdown is on cnbc.com this morning. dom. >> lori ann, this is what we have been seeing for a while

not a surprise, but it has been ongoing as long as it has. you broke a story on u.s. exports denied by carriers in favor of sending back empty containers the port of oakland and the u.s. department of agriculture just announced financial assistance to compensate farmers. what can you tell us about that port of oakland? >> reporter: it is a problem with the west coast particularly with los angeles the port of outakland is skippe. vessels are off by a week. the wait time of containers is down 18% look at the imports. these are the products coming in it is so slow. it is up 103%. guess what importers are slow to pick up containers that is slowing down the productivity. >> nuance in the story

not in one time in my career have i seen everybody focused on transportation logistics lori ann larocco, thank you. let's get a check of the headlines with phillip mena in new york >> dom, the u.s. and south korea joined forces firing eight missiles in response to north korea. kim jong-un fired eight missiles off the east coast which is the largest ever single test the american and south korean missiles were all fired in the ocean. gunfire in pennsylvania sends hundreds running for their lives. three people were killed and at least 12 others injured. police are searching for suspects. in chattanooga, tennessee, three lives taken outside of a nightclub. two were killed by gunfire and a

third struck by a car while trying to run away in total, 14 people shot and two others injured by cars according to the gun violence archive, 15 people killed in 11 mass shootings this weekend across 8 states. now to the nba finals. the golden state warriors are looking to bounce back after a tough game one defeat. >> golden state has a lot of time launches money! >> recognize that. >> after a bad game one, jordan pulled into game two on a mission. 17 points off the bench. including that buzzer beater from half-court. warriors dominated the second half and blew the celtics out of the water. golden state takes the game 102-72 game three is in boston on wednesday. both teams are evenly matched.

>> i say so, but as a northern california native, i have to pull for the warriors. i hope you understand. >> completely. it is hard to root against klay thompson and steph curry >> thank you, phillip. as we head to break, a quick market flash and cathie wood etf ark with a bounce back it is up 20% compared to the s&p. a 4.5% gain over that same period the fund is still down more than 50% this year. plus, during the volatile times for the market, cnbc is offering perspective on protecting your investments in the midst of the market turmoil. here is sharon epperson with a few quick tips on how to diversify. >> here is a tip

navigating inflation means having a diversified portfolio along with interest in cash and bonds. dividend paying stocks can help weather market volatility. a dividend is a portion of the earnings as a reward to shareholders often by companies with strong cash flow. holdings that pay a steady dividend may offer stability for cnbc, i'm sharon epperson. wr . moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. only at vanguard, you're more than just an investor you're an owner. that means that your goals are ours too. and vanguard retirement tools and advice can help you get there. that's the value of ownership.

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stocks looking to shake off another losing week as investors gear up for the read on inflation. futures are suggesting a higher open on tap. elon musk making the u-turn on job cuts at tesla his new comments suggesting the ev maker is looking to hire. and apple pulling back the curtain on its next steps. a look at what the tech giant may have up its sleeve amid growing worries of slowing device sales. this is monday, june 6th, 2 2022 you are watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i'm dominic chu in for brian sullivan it is 5:33 a.m. eastern time on the east coast here is how the markets and your money is looking

futures are implying a 250 point gain for the dow jones industrial average at opening bell the s&p is implied higher by 40 points nasdaq higher by 170 that technology trade is a driver of the nasdaq move higher this morning this is after the dow posted the ninth negative week out of the last ten with a 1% loss on friday sharp declines for the s&p and nasdaq on friday coming off the worst days since mid-may if we check on the bond market, especially in growth in technology stocks, the 10-year treasury is 2.96%. 2-year treasury is 2.86% and the 30-year long bond is below 3.11%. in the oil market, crude prices are higher as gas prices hit fresh all-time highs crude oil for u.s. benchmark wti is $119.53

that is up .50%. similar for ice brent crude. $120.37. natural gas prices are up 4% right now to $8.84 now to the top stories silvana henao is here with those. >> shares of amazon are set to trade at a lower price as the company's 20 for 1 stock split takes effect shares closed friday at $2,220. the move was approved late last month and could provide benefits for amazon stock and opening the door to the tech giant being included in the dow jones industrial average shares of didi surging after china announced it wrapped up the security probe of the ride hailing company. officials are preparing to lift a ban on didi adding new users

as early as this week as well as allow the app back on app stores the app was removed last july. the move comes as worries mount on the chinese economy. abbott labs has resumed production of the baby formula after the shortage the fda has given the company the okay for the facility after it was closed in february. abbott is releasing new batches later this month. and elon musk now saying the ev maker will hire after the super bad outlook on the economy. musk wrote the total number of tesla employee was increase, but

salaried staff would stay flat musk did not say if salaried employees would become hourly or new employees hired at tesla >> we will wait for that and if a new tweet will come out. thank you, silvana henao. turning it to apple as it prepares to kickoff the developer conference today that is expected to unveil updates to the core operating system for apple products and those tracking the tech giant will look for clues of the augmented reality head set all of this over concerns of slowing device sales let's bring in daniel flax for more for apple, these developer conferences and wwdc and all of these things provide the showcase and generate buzz they typically, daniel, and you know this, they don't generate

massive stock price movement what should wall street focus on when it comes to apple >> good morning, dominic wall street should focus on the push forward of the user experience and empowering the developers to build new applications for example, i think augmented and virtual reality will get more of a focus at this current developer conference and over time, we are likely to see devices from apple it is important to have the developers create the experience because devices will need focus. and then continued focus on health care and fitness and user privacy and wrapped in a fun experience across all of the devices and services >> it is interesting because when it comes to the mega cap technology/communications services companies putting out hardware devices, not many of

them can do so outside their core expertise with any success. i think of the google glasses. i think of the portal devices from facebook. they may be selling, but they may not be as prevalent. i don't see them out as in plac. it hasn't become mainstream. what is apple looking for the augmented device that is possibly coming out today? >> i think it is going to be a continuation of the idea of integrating the hardware and software and the services. the buildout of the platforms is really about capturing a lot of different elements it is not just the hardware. not just the software. if you are able to pull them together in a way that the user finds to be different and fun and valuable to their lives.

if you are able to do that, that is the key to success. if you look back and going back with the ipod and the iphone and ipad and iwatch. the idea of pulling that together i think we will see that in the years with the augmented virtual reality. it is pulling the pieces together in a different way. >> daniel, one of your peers at morgan stanley, who covers apple, last week issued a note saying there is a concern about services and revenue specifically with the app store. do you share those concerns about whether or not that services side of the business at apple is due for a slowdown? how exactly should investors treat that services business compared to the core iphone business for hardware? >> i think if we step back, i think the services business has been valuable to apple and, of course, customers and broader

ecosystem. given just how strong it's been during the pandemic, it is not surprising to us to see slowing growth as well as the hardware business when we think about the next two years, we expect new devices and services we see things like fitness plus. we see a reacceleration of services and device growth over the next year. we continue to like the name we continue to think about it in terms of the product cycles and services is a very important and powerful driver to the overall story. >> daniel flax, thank you very much we appreciate it >> thank you coming up on the show, beijing bouncing back to life at least a little bit after weeks of strict covid restrictions and lockdowns. our own eunice yoon lays out the latest as the capital tries to get back to work. here is what is making headlines as we go to break.

a growing number of hedge funds are betting on the 10-year treasury as it tests that 3% level. according to the report, leverage funds have gone net short. that's the first time they have become bearish on the 10-year since january of 2021. a union representing starbucks workers is saying it is shutting down a cafe in retaliation of the move. the closure of the ithaca, new york store, is aimed at stopping workers from organizing elsewhere. starbucks closes stores as part of the normal operations and howard schultz says the coffee giant is only considering external candidates for the next ceo. schultz says the company needs to add new talent and skills to the leadership ranks starbucks talked to others and

hopes to identify a new ceo by the fall t starbucks in the news. "worldwide exchange" is back in a moment we sear savings for you. from coupons to lower costs options. plus, earn up to $50 extra bucks rewards each year just for filling at cvs pharmacy. what the world needs now... is people. people who see energy a little bit differently. where a switch to cleaner power means a more resilient grid... ...with renewables and gas power providing energy whenever it's needed. because seeing a more sustainable world isn't far in the future. we're building it... now. ge. building a world that works. [sfx: street ambience] ♪ ["fly me to the moon"] ♪

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eunice yoon has more from beijing. e eunice, what measureses ss are g place? how far from normal are we >> reporter: we are getting closer and closer to normal. beijing pushing hard to get things back on track especially when it comes to business. as of today, restaurants restarted indoor dining. i entertainment venues were open cinemas capped at 75%. shops animald offices and malls gyms can open the doors. after the months of tight restrictions can the economy come back? it is still early today, but the capital was full of activity restaurants were full. others not so much people said that they were really excited to be back at the restaurants after so long of dog food delivery. something we saw that was common

was stacks of meals outside of office buildings people are still ordering meals in one currier said people were more cautious about dining out and he hadn't really seen any drop in orders one reason why people might be hesitant is because we still have a covid test requirement to go pretty much anywhere. it is loosening slightly we have to have a covid test less than 72 hours old this is better than the 48 hours previously it still is something that is a source of a bottleneck here. it is also, dom, interesting because it is part of the bigger experiment we are seeing in china. can beijing stick to zero covid policy while keeping the economy going? this covid testing and regular

testing is a mechanism from beijing's perspective allowed to happen >> eunice, i understand what you are trying to say. this is very much about two different ways let's boil it down the u.s. had a way of dealing with covid china had a way of dealing with covid. china is probably the only place in the world with the zero covid policy china is getting through arguably covid with the zero covid policy, but you cannot really say that the economic impact hasn't been severe. they locked down people were not moving or producing or doing anything. meanwhile, the u.s. has taken a different approach and things are opened up here and people back to work both ways seem to work out what is the view from the citizenry in china with regard to whether or not they have tolerance for the zero covid policy going forward >> reporter: at this point, a lot of people are feeling much

more relieved because we all have been living under the lockdown or partial lockdown for some time. when you look at the case numbers, people say i can breathe a little bit this is a big experiment we don't know how it will play out. already there were plenty of complaints about the covid testing. in beijing, some people had to wait one or two hours. in shanghai, it was as much as four hours that is a huge productivity killer and big part of the day not good for business. nothing has changed, of course, in terms of what happened to the positive cases anybody who tests positive still has to go for mandatory isolation facilities that is something that weighs on people's minds here. you know, of course, always the fear youlockded down. a couple of days ago, my friends said i'm out for 48 hours and the building got a case and they

are locked down again. it is that uncertainty that makes it hard for businesses to keep going and make decisions about investment. >> not greasing the wheels of the economy. the world's second biggest economy, eunice. thank you. as we head to break, june is pride month. here is andrew clark on that topic. >> it's more important than ever to celebrate pride month pride is the moment for us to stand up and represent our community while standing alongside other minorities in the celebration of the defense of diversity and equality in this country pride is happy pride is positive. but pride is serious and pride nesryisecsa hybr ork is h it's there. it's everywhere. but for someone to be able to work from here, there has to be someone here making sure everything is safe. secure.

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of the bear rally. friday's consumer data may offer insight into how much the fed may need to do to fight inflation. let's bring in jeff kilburg and ivory johnson. gentlemen, thank you for being here ivory, we'll start with you here how important is this week in the inflation narrative for markets? >> i think the markets are looking at how fast prices are rising it is important because the fed has one job to do and that is cut inflation. the more hawkish the fed is, that is putting pressure on the market especially in the face of falling growth and consumption expectation. i think we will see disinflation the rate of inflation will still go up, but not at the same rate. it will be important because the fed policy is hanging over the market >> jeff, ivory said the one job of the fed is inflation. they have two jobs they have maximum sustained

employment they got to that point how much does that jobs picture and tight labor market factor into what is going on in the markets, jeff? >> that's a great point, dom they are focused we saw better than expected jobs reports. $3 330,000 jobs we are seeing the fed right now in a quiet period up to thejun 14th meeting i'm optimistic the market has the ability to close above the 4170 level the u.s. dollar index and is what no one is talking about that is coming down. that is imperative for the markets to heal. >> ivory, when we talk about the u.s. dollar, the interest rates are on the rise and projected to

do so. they need dollars to invest in treasuries that is factoring in and hit large cap companies with multinational revenue exposure more is this the time for small cap stocks to fight fears of recession? are small and midcaps more attractive in your mind? >> i don't just because of the projected growth i think treasury bond yields will come down as they look what is happening with the growth if you look at the fourth quarter 2018, treasury bonds came down. i would be a buyer of long-term bonds actually another thing to consider is nasdaq and the russell 2000 are down more than the s&p 500 the big reason is they don't have a bigfoot print in utilities and consumer staples >> now, ivory, if you look at that and given that back drop,

you like government bonds here are there key parts of the stock market that you do like if it is not technology >> i would steer clear of technology you see hiring freezes and concerns in the sector i would want to have bond proxies. utilities and consumer staples when the consumer is confronted with higher energy prices and higher food costs, they may not buy a luxury item, but pay their light bill and buy toothpaste. >> that's defensive. jeff, we will give the last word to you what do you like right now what do you stay away from >> i agree with ivory. we are allocated to energy that is the best sector. i'll not repeat. that to his point, look at este lauder you see people specifically over in asia coming out and buying

tangible blue chip we want to remain industrial focus. we think there is value. between technology stocks selling off. it makes a ton of sense, dom, as we look at the 10-year note. i'm agreeing with i'vvory we need to come back down. for the first time, i can say buy tnt. that is where the ten-year needs to cool off. >> kiljeff kilburg and ivory johnson, thank you very much that is it for "wodwe rlid exchange." "squawk box" is picking up coverage next with the dow opening higher at the implied opening bell what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities.

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stock futures pointing to solid gains to start the week. cryptocurrency prices are surging. we will show you what's moving. also surging is gas prices the average in more states climbing above $5 a gallon news breaking overnight. prime minister boris johnson facing a vote today that could remove him from power. it is monday, june 6th, 2022 and "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm rebecca quick along with joe kernen and andrew ross sorkin. guys, welcome back >> thank you >> good to see you. >> thank you monday and back. a shocker,