it's 5:00 a.m. in new york here's your top "five@5. get ready as interest rates get set to rise once again. google and microsoft, they're higher, too, despite some historic slowdowns of both companies. we will break down the results >> russia tightenings the screws to set the slow flows on the nord stream pipeline again what it means exactly for all of europe ahead. plus, a company massive hedge fund is buying in to twitter and needing the brakes

on full hiring coming up on wednesday, july 27th, this is "worldwide exchange." ♪ good morning, good afternoon, and good evening from wherever in the world you're watching i'm brian sullivan welcome to fed day the bank is going to raise rates again today. the only question is what it might indicate about future demand for rates ahead of that, stock futures are higher nasdaq futures soaring, up 200 points right now the markets actually held up pretty well yesterday considering walmart's disaster of a day nearly half the dow is higher. on the day a pretty good day considering what walmart delivered up in bonds yields are a little changed, just under 2% they haven't moved at all in

recent days, but, of course, they could on any big swing or challenge in fed guidance this afternoon. energy remains the space to watch. natural gas soaring both here and overseas, yet again on strong demand and cut supply there we are in the united states at $9.10. if we look at the european price t t, the so-called dutch ttf price, $60 in europe we're paying $9.10 look at that chart that's the equivalent of 60 u.s. dollars per gascon tract it looks like gazprom is going to close nord stream once again, a bad situation getting worse for germany and many other parts of europe. by the way, natural gas here is on the rise as well here in part

because it may be the long-term answer to putin's problem. crude oil slightly higher off the close. it's at 96 and change. we showed you european natural gas. we'll talk more about this with samantha dart soon let's get some headlines on the market's trading is julianna tatelbaum julianna, this natural gas and electric prices, they're stratospheric. what kind of attention is this getting in the british media right now? i just don't know how people are going to afford to heat their homes this winter. >> you know, brian, it is absolutely a top story and a major concern not only here in the uk but in continental europe what's interesting, though, is markets have been pretty resilient, which perhaps suggests a lot of the bad news is priced in or perhaps

investors are waiting for more clarity on how the government or uk government will react if the gas situation worsens from here. as for trade this morning, we aren't moving high e so a lot more focus on earnings right now. for the most part, earnings have been relatively upbeat, relative to expectation, so every market is trading higher. we're seeing 0.4% of a gain. a bit of outperformance in italy, ftse up about half a percent. this comes after the italian market pulled back yesterday in an outsized way, losing about 1% while the overall market remained flachlt union credit shars are trading at the top of the market that's pulling up the italian market it wasn't just unicredit deutsche bank and credit suisse, too big names to watch the german lender posted 6.6 billion euros in net revenue and

says it's seen groect gwth acrol core businesses. as a result, shares are down more than 4% big news over at credit suisse the swiss lender has announced a departure of ceo thomas g gotschstein. it's head of asset manager is set to take over from august interesting, the credit suisse reaction has been fairly muted it's just down 0.8%. brian? >> yesterday it was the european ceo of volkswagen. european ceos starting to drop like flies julianna tatelbaum, thank you very much. the rest of the earning season rolls on. here's a kind of bonus mini rbi

courtesy of behavior of america. going back 20 quarters, five years, the busiest week of earnings season has been the worst week for stocks in the past five years with the s&p 500 on average closing down about 0.2% of 1% on the week i guess that is random and interesting. but right now let's get to contessa brewer with some of today's biggest movers contessa, what let's moving? >> brian, let's start with microsoft, shares higher despite the company reporting its first earnings miss in more than six years and first revenues miss since january 2019 this was the first time the company missed on both the top and bottom lines since april 2016 year over year comps not helping either with microsoft posting its slowest revenue growth since 2020, just 12% possibly helping the stock this morning in the early trade, the company reaffirming its full year 2020 outlook despite the

weakening economic climb [ no audio ] >> you know, contessa brewer is not only good at many things one of her strongest strengths is she has this ability to stand completely still and not move, not blink, not move for hours at a time it's truly amazing contessa, we'll see you in a few minutes. >> stock number two, by the way, is visa. shares are edging lower ahead of the open despite beating the top and bottom line estimates for the third fiscal quarter, the company ceo says while some product substitutions are likely taking place, we're see nothing evidence of a pullback in consumer spending. wow. that matches what we have heard from fellow card companies, american express by the way, revolving debt in america, basically credit card debt, nearly record-high everyone is spending and they're

putting it on credit cards you decide if that's a good thing long term. google's parent company alphabet higher ahead of the open, despite missing the top and bottom line for the second straight quarter that's its first back-to-back quarterly miss since january of 2015, 7 1/2 years ago. that's similar to mocicrosoft the most notable acceleration was in its youtube business where sales rose just 5% after jumping 84% a year ago we're still surging the u.s. dollar, the almighty greenback knocking about 4% off revenue growth microsoft's cfo says currency headwinds will be even worse next quarter alphabet shares have lost about 25% of their value we talk a lot about the european crisis you think, why do they harp on this so much a lot of it also has to do with cur

currencies, which is bad for american companies. so much to do on this busy friday when we come back, we speak with samantha dart where the energy crisis goes from here, and, yes, why it matters to americans and american investors also. plus, why paypal is getting a big bump ahead of the openings in its hedge funds >> later on, with get into the fed. the futures, they'reigr, hhe up triple digits. we're back right after this. we got this. we got this. we got this. we got this. we got this. yay! we got this. we got this! life is for living. we got this! let's partner for all of it. edward jones

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all right. welcome or welcome back. vladimir putin continues to play games with germany's energy supplies flows of the nord stream pipeline will once again be cut back starting today. gazprom says it's likely to cut those flows by half. that would be 20% of nord stream's total capacity down from the cut rate of 40% the russian mon on pli blaming a pipeline problem which germany effectively says is a high, this as gas prices surge to record-highs, now 60 u.s. dollars equivalent per con trajt in e in europe. we're paying $9.10, the highest in 14 years. where do we go from here

samantha dart is with us i can't reiterate to our audience they're priced in euros per megawatt hour, 217 that's about 60 u.s. dollars equivalent for the same contract how high can european natural gas prices actually go before entire economies simply have to shut down? well, >> well, that's exactly it you have to reduce activity levels think about it this way. you have this size, and then you need a solution of equal magnitude, right so part of that solution will be core capacity restarts that germany already announced. part of that solution will be household heating savings over the course of the next few months but the rest of it, the bulk of

it will be reduced activity. it's lowering the demand for natural gas, which brings demand for electricity down, and as a result, lower demand for natural gas for electricity generation you know, we keep talking about the slowdown of the european economy, but in this case, the slowdown is directly caused by the lack of the commodity. >> yeah. we were in a steel mill in germany last week, samantha. i don't know if you caught that. we're trying to tell the story of why this matters. germany is not some podunk economy. it's the fourth biggest economy in the world it's 25% of all of europe. europe's combined economy is not quite as big as america, but it's the same size as china, and now we're talking about literally telling companies, we're sorry, you have to stop producing chemicals or cars or whatever because of what we're showing now, which is the real risk that there won't be enough

storage to heat homes in the winter how does this play out >> right so to your point, the biggest risk that europe faces is the lack of natural gas in the winter, right? so governments want to avoid the risk of blackouts, the risk of lack of heating, and as a result, most of the work needs to be done now in the summer so what we expect to see is the highest prices playing out right nowing not necessarily winter, because now is when the problem needs to be fixed. government intervention. you talk about the possibility of rationing, a real possibility that germany in particular is facing but even if you start with some voluntary measures where, for example, governments can buy back natural gas from the users so the gas, instead of being consumed in industrial manufacturing, it's just saved

in storage instead these are all measures that can be taken now during the summer so that we avoid these risks for the winter this is exactly our expectation, that prices will spike the highest now so that by the time you get to winter, if you've done the work on storage, that urgency to kill demand slows down. >> do you think this is the peak price right now, samantha? >> unless we have a colder-than-average winter, yes. under average winter, this should be the peak q3 is the panic. it's that sense that we need to guarantee that storage goes to a high enough level to reduce risks for the winter and then if you have normal winter temperatures, yes, we expect prices to come off sequentially if, however, you have a cold spike in the middle of winter, that's always a risk, we can't deny

>> goldman sachs' samantha dart on what is maybe the biggest if not the biggest global economic story right now. samantha, let's hope you're right. let's hope it does not get much worse, and everybody really hoping and praying for a mild weather. we're literally betting on the weather. scary times. samantha dart, thank you very much appreciate it. we're going to do today's rbi early today. let's get random and interesting on what we've just been talking about, and that is the energy crisis roy we really don't know is how much of an impact major gas or energy shortage might have on germany and the rest of europe there are a lot of estimates floating around out there. here's one that just came out from the international monetary funding imf. those the report is long and wonky, they did some work in dragging out some of the

numbers, and here's what they found. if russia were to fully cut off gas flows -- they're not, but if they did for maintenance, it would slam a number of economies across europe. they estimate that a year after a gas shut-off, the entire eu economy would lose nearly 3% i know that doesn't sound like a lot until you realize the combined eu economy is about $18 trillion, the same size as china, not much smaller than the united states. so what companies would get the biggest hit? hungary would take the biggest hit, according to imf. it's likely to make a separate deal with russia italy is the second most exposed economy. they heavily rely on both oil and gas from russia. in fact, italy's biggest refinery is in sicily, and it's owned by the russians. italy is the largest economy in europe, about one quarter of all

output, and the imf estimates it could lose 3% of its kmichl i'm sure you could find many smart people who think that estimate is way too small i know we've been kind of beating a horse here as we've said many times, energy is not part of the economy it is the economy. in many ways, economies are just taking energy and converting it to some other productive use let's be clear this is not just a europe issue. europe not only a huge manufacturer of mostly higher value goods. it is also a big buyer of the stuff that american companies produce, and in the slowdown across europe, we'll hit earnings here and maybe the stock prices of american companies. oh, by the way, it could also send the euro down against the dollar, and that for microsoft and google is another bad thing

for corporate earnings bottom line, it's random but interesting, but also important, and for you to make sure you know now which stocks you may own that have a lot of exposure to europe and its economy. time stamp it and thank us later. all right. still on deck here on "worldwide exchange," a solar stock getting a big bump ahead of the open it is your mystery chart there it is. who is it? we're going to find out coming up dow futures up 160 we're back right after this. >> announcer: today's big number, 2 billion. that's how many electric vehicles the world needs to be on the road by 2050 in order to achieve net zero according to the world economic forum. 6.6 million evs were sold last year

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all right. welcome back time now for your big money movers three key stock stories happening right now. stock number one, that is your mystery chart and the answer to the mystery is professor plum in the -- wait, wait. it's enphase energy expecting better second quarter results. that's good news from overseas

as they race to replace natural gas. the company's also guiding third quarter analysts number two, chipotle helping to cushion the blow from rising costs and chipotle says while lower income customers are not ordering as often, the majority are higher income, and they actually increased their frequency of eating at chipotle. by the way, chipotle's brian noccol will be on first on the street in an interview at 10:30 a.m. eastern time. stop three is paypal elliott management has built a st stake in the company not the -- the shares are down more than half this year and it cut its profit outlook in april saying payment volumes could

take a hit not only from inflation but from the war in ukraine. paypal, watching that stock. soaring. let's get a check on some of this morning's other key headlines. for that, frances rivera has more good morning. >> good morning am bombshell report by "the washington post." the justice department is investigating former president trump's actions in its criminal probe of january 6th two people familiar with the matter told "the post" they're examining mr. trump's conversations and seized phone records of top aides trump has now commented on a "post" report. in just a few hours brittany grinder is expected to testify in a russian court a vape cartridge with less than a gram of cannabis oil was found in her luggage at the airport. she plead guilty but denies charges that it was done intentionally. she faces up to ten years in prison her supporters have stepped up

calls for them to do more to free her, fearing she's being used as a political pawn the mega millions jackpot swells past the $1 billion mark. no winners nabbed the $830 million jackpot in last night's drawing. the grand prize stands at $1.2 billion and growing for the next drawing friday night that's the third largest jackpot in mega millions history and the power because is sitting at $145 million in tonight's drawing. in all, over $1.165 billion up for grabs. it's just a matter of time before somebody wins this or multiple people winning. can you imagine their lives changing in this economic world you guys are reporting on every day? >> all i would say to them is if you win, congratulations, turn off your phones, move into some

place nobody knows, cut off all contact with family members, and hire really good attorneys and financial advisers what would be the first thing, frances, you would buy if you won $600 million after taxes what's the first thing >> man, that's -- a big old party. how about that you're invited er everybody is invited we'll call the boss, a night out, you're up late, bags under the eyes if you go to work. >> i would buy three days of solid sleep, just three days. >> i don't know if you can get that, billionaire or not, brian. >> and a solid gold yacht, frances. thank you very much. i appreciate it. it would sink probably. coming up on the show, whiec some of tech's bigger names are

not doing anything to persuade some of the bullish bets if you haven't already, be sure to follow our podcast. we get it, sometimes the show is too early for us we listen to our own podcasts to remember what we said. it's available on all major apps check it out look at that guy that was like 15 pounds ago. we're back right after this.

all aboard the earnings train, and it is not slowing down for anyone, gearing up for another busy day ahead of results with one big tech name once again in the spotlight. the fed is looking to raise rates once again jay powell and the central bank go big, trying to take a bigger bite out of inflation. and twitter becoming the latest tech firm to cut hiring it's costing shareholders. it's happening on this busy wednesday, juul ly 27th, and th is "worldwide exchange." all right, welcome or welcome back, and good wednesday morning. it's going to be a busy one. about 5:30 on the east, and

happy fed day. the central bank is going to raise rates once again today that's a lot what might it indicate about future demands stock futures are up nicely. the nasdaq is up 197 it's up more than the dow. so the nasdaq getting set and big tech for a nice pop this morning. things could change. nicely in the green. bond yields could come down or sit where they are the ten-year is at 2.79% the bonds have been, maybe in a good way, gone back to being boring energy is the space to watch right now. natural gas soaring on an expected demand both here and overseas maybe it's the long-term answer of what is happening in europe natural gas here is hovering at just over 9 bucks, $9.3, which

i'm sorry to say that means your utility bill is going to reset crude oil, by the way, is up a couple of ticks. now, despite these higher prices, feel very good that we're in america and not in europe their natural gas prices, they're spiralling out of control. that is priced in euro per megawatt hour. i get it that conversion is equivalent to $60 u.s. for natural gas we're paying $9.03 they're paying $60 for the exact same con track so europe is paying 500% more for the same product you're probably like, gee, whiz, sullivan, stop talking about it. that's the equivalent of $350

per barrel of oil. let that sink in while it does, let's get to some of this morning's other top stories including twitter and its fight with elon musk and contessa is back your powers to remain still nerve cease to amaze me. >> i can hold perfectly still for a long time. it comes in handy. twitter has stopped hiring. it pointed to the economic environmental. the sales' decline based on the pending acquisition of elon musk speaking of that deal, twitter has announced it will shoulder a shareholder meeting on the takeover by elon musk for september 14th they have urged the shairlds to

approve to sale to musk despite his planning to move out of the deal shares of teva are dropping. under the deal, the israeli drugmaker will pay more than $3 million over the next 13 years to states and local governments. also it will supply its own version of an overdose reversal drug over ten years. you can see that stock trading up at 16% in the early hours >> president biden and chinese president xi jinping are set to speak tomorrow amid simmering tensions over trade in taiwan. it will mark the first conversation between the two leaders since march. it comes as biden waves lifting of tariffs and house speaker nancy pelosi is considering a possible trip to taiwan.

brian? >> contessa, thank you very much we'll see you in a bit. big tech is front and center during the busiest week of earnings season. this morning shares of google parent alphabet and microsoft are both higher ahead of the open despite some big quarterly misses and sales growth slowdowns, but we're not anywhere close to being done yet, investors bracing for results out of meta, facebook's parent, apple, amazon all this week joining us is amy wu silverman it's great to have you back on it's an important time futures are up today, which is fascinating, given the numbers from microsoft and google, which were not great some had multi-year slowdowns. what do you attribute this sort of divergence in the markets and

individual names >> good morning. it comes down to what the expectations are, right, that were set going in. i will tell you it's been fascinating to watch this earnings season because we had a really different playbook the last two quarters. all these different stocks had been beating the implied moves set out by their options frankly, i had expected it to be the same case this quarter it's not happening at all with any of the big cap tech stocks the other thing that's funny is the options have been bullish. as we set the earnings preview, really the only downside sentiment we saw was in apple. all the other stocks were lagging the fuller sent miments brian. >> yeah. why is that? i'm trying to understand the numbers weren't great. maybe it's a longer term positive that investors -- they

pulled a taylor swift. they shook it off. >> exactly you know, one thing -- this relates to kind of a broader theme we had been seeing, which is if you believe we've reached a point where there's been broad risk and capitulation and that has happened, you're resetting the stage here, even at numbers relative to where positioning was. they were reasonable i mean, frankly, we'll see how they trade today the post market is always trick y in terms of giving you a full flavor >> you know, we were just talking about europe and the energy crises, and at the end of the piece, we talked about its impact on currencies sometimes people don't put the pieces together. this is a major currency story

the higher dollar could be very bad. as our friend and colleague jim cramer wrote last night, not all currencies and companies are created equal, right, amy? currencies are bad for some companies but not that bad, maybe positive for others. how closely are you watching like the dollar in euroand and e other things you're watching >> that's really important one thing we're looking at idiosyncratically, as you said, it really comes down to company by company, so unfortunately -- i love screens that can catch your 500 names at once, but you really have to go down to the list that's a big problem as we hit

p parity or go through you can see that in levels if people are starting to demand hedges, part of that remember could be something of the currency, because that has been an overwhelming theme kind of outside leverage in the system at this point this year. >> yeah. always on point, amy wu silverman of rbc we know you've got a hundred things to do thanks for getting up with us, amy. take care. >> thank you. if you haven't heard, the federal reserve is going to raise rates later on today breaking news. but will they go bigger? will they go a full percentage point to tackle inflation? as we head to break, some top headlines happening now. a texas jury finding charter communications liable for $7 billion in punitive damages in connection to the 2019 murder of

a customer, the jury finding the cable company responsible for one of its employees who robbed and killed the customer. meanwhile lufthansa with talks of going on a labor strike, threatening to cancel 1,000 flights, adding to existing travel headaches go see my twitter feed if you want to know whey i'm talking about. and the consumer watchdog saying buy now, pay later fully on their radar his agency will take a careful look at apple and others moving into its space the agency will publish a new report on buy now, pay later this fall. a government never has seen an industry they didn't want to regulate stock futures are up right after this in

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all right. welcome back i want to bring you a quick market flash, because we're watching shares of coinbase right now. funds controlled by arc's cathie wood dumping coinbase for the first time this year according to bloomberg, this is the largest crypto skpaij. that's an s.e.c. investigation they sold over 1.4 million shares worth about $75 million

as of yesterday's close. the firm's flag ark innovation sold shares. who knows how much the first, second, and fourth have. by the way, coinbase not reacting to that report. it's 5% to the upside, but we're going to watch coinbase on the ark investment news. >> the fed is announcing its decision today at 2:00 p.m. eastern time they will raise rates. the only question is by how much will it be the expected three quarters of a percentage point or will they go big, a full percent? inflation is at a 40-year high the question is will chairman powell at the federal reserve be forced to be more aggressive in terms of bringing down inflation? that's the question. let's get answers. joining us now, michelle

happy fed day. >> happy fed day, brian. >> maybe next fed meeting -- do you think they go big? is there a possibility they go one full percent >> no. i have to say the markets are quite worried about that after that last surprisingly high cpi report the fed, you know, whether it was official or unofficial, again signals not only in comments made by fed officials after that meeting, but also there was another report in "the wall street journal" that suggested that was the likely move now they're only pressing in less than 50% chance i think going 75 basis points on top of the 75 basis points in june and perhaps continuing to signal despite some signs of slower growth that they're going to continue to keep hiking, i think that will be enough for the fed to do today.

>> we have seen some signs of inflation, i don't want to say coming down. yeah, commodities have come down, gasoline prices have dom bun. but health care, education, rent, they continue to go up balance it out as you will but do you think inflation has peaked could the fed in the next couple of meeting start that pivot that so many talk about >> let's see so we do think that that last cpi report marked the peak as you said, internal prices have come down the headline figures in particular will look a little bit better we do think the euro over year-rate numbers are going to come down. so it's going to look like the situation is improving on inflation, but it's still going to stay persistently high. we have the inflation rate finishing at near 5%

that's still too high 3678% above the u.s. fed's target. it will be moving in the right direction, but not coming down to the target level. this idea of pivot -- i say pivt because the market is pricing in expectations for a rate cut next year because there's an expectation of fears of a recession, i don't think those inflation numbers give the fed room to pivot. they might be able to slow the pace of hiking, but not outright pivot. >> you could get some smart people that will argue the inflation is actually higher than 40 years ago because they've chairchled the makeup of the consumer price index since we last recorded it in 1980. we won't have go down that road,my shell. but what do you make of a tell-year yield. it's been 3.2 the last couple of weeks. the bond market seems to be

telling a different story. >> the bond market is worried about a recession. we've had a slew of weaker than reported data. the americans are showing resilience in terms of spending, but we continue, whether it's home sales, whether it's the pmi manufacturing surveys, all of them are showing signs of slowing, and the market, of course, is jumping ahead that's what bond yield's done. i'm just concerned -- i think the market may be missing the real fear or risk, i should say, that even if growth slows, inflation may be persistently high again, the idea is if the economy slows, it will get the fed to back off. i just don't think that's going to happen. so i think the yield will be coming down, but it will not be sustainable. it will be difficult for bond yields to move lower unless inflation surprises us and comes

in much lower, much faster. >> you raise somebody's rent you then cut it? no you give somebody an increase in pay do you cut it no inflation is insidious it lasts longer than you think michelle girard, always love having you on. >> take care, brian. >> always. much more on deck and jeff kill bourn with indices he says we must watch now. stick around dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones

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♪♪ ♪♪ ♪♪ welcome back it's going to be a very busy wednesday. we have two numbers coming out before opening bell. by the way, you might have heard, there's a fed meeting at 2:00 p.m. eastern time they'll make their interest rate call then they will have the all-important press conference obviously cnbc will have complete coverage of that decision we've also got the earnings

parade rolling on. earnings in boeing, ford, meta, and qualcomm let's talk with jeff, chief investment officer did you hear my tease? jeff will g ive the must-watch earnings >> qualcomm, facebook. they're really trying to focus on the core business even though we saw 150 s&p names yesterday, we're looking at apple. apple always has a great idea and helps us understand what the middle market is doing we saw with texas instruments basically turning things around. nonetheless, we're looking at apple. they have a better ability to look at what the china lockdowns do to the supply chains and the

consumer watch for that on thursday it's like here i go again. >> i'm going back to bed i have to prepare for it mentally i need some sleep before 2:00. are you kind of bullish on what the estimates are? do you find any solace in the fact that the markets while down yesterday, they didn't fall that much the dow was down like 100 points when walmart got absolutely destroyed. >> you draw a great point, sully. what's interesting this week, we have high skperkations today's a fed day, so we always have more volatility look at the vix. we have expectation. we saw a grim outlook for earnings expectations. this month i celebrated my 20th

wedding anniversary with my wife it's not been that bad here we are, seeing it as a catalys catalyst, i look at the moving s&p 500. when you see this kind of emotion coming into the marketplace, you have to look at the technicals we saw the tech note come in at under 3% i think we're in a pretty good spot here and a surprise to the upside remember, sully, it moves up an down. >> and the vix is shockingly low. i want to talk about currency. jim's investment club had a strong show last night it's not bad for all dollars 71% of the sales come from the

u.s. 29% is around the world. how important is it for your clients to watch not only the dollar, but what percentage of sales that companies may get overseas >> it's dramatically important, and cramer is right. the dollar has been priced in. secondly, it's a great offset to inflation. you see the strength of the consumer the buying power has gone up, yes, we're absolutely watching this one third of their props come from overseas. i think you have to take into account a lot of it is bad news. you're going to see that come out. look at microsoft yesterday. they priced in a very, very rosy forecast, and that forecast moved microsoft, which was down initially off earnings, and that's back up i think it's interesting what matters this season, is different from last season now forward guidance is so

critical so we're going to embrace more guys coming out. >>in >>ing. >> looking forward, not backward jeff kilburg of sanctuary. thank you. >> joo that does it for us on "worldwide exchange. i get to have the next couple of days off but you're going to see me on "squawk box" in a little while stick around a big fed day, earnings day, stock futures are up good morning, byhe t way short break. "squawk" is next vchlt a great day.

good morning it's fed day the central bank set to hike rates ahead. we'll tell you what to expect right ahead. alphabet and microsoft missing

estimates in the latest quarter. we'll tell you why the stock is higher. ouster at credit suisse the ceo is out after taking the job. today is july 27th, 2022 next week is august. "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s. equity futures right now things are looking better than they were yesterday at the close. right now the dow futures are up by 150 points, s&p up by 37 points and the nasda