it is 5 a.m. here at cnbc global headquarters and here is your five at 5 we begin with extending gains. stocks kicking off what's set to be a very busy week for wall street in the green with the dow doing something for the first time in six years. and gearing up for the busiest week of earnings season. with more than 40% of the s&p on tap we break down the names to watch coming up. and one week to go investors bracing for what could be the costliest labor strike in a century. between ups and more than 300,000 union workers. plus, kicking off a week long special taking a closer

look outside the usual suspects in the equity market why morgan stanley says southeast asia is the place to be. later in the show. record box office weekend as barbenheimer exceeds all expectations monday, july 24th, 2023, you're watching "worldwide exchange" right here on cnbc monday morning welcome to "worldwide exchange." i'm frank holland. thank you for starting your day with us. let's kick off with the dow riding a 10-day win streak that's the longest since 2017. taking a look at futures in the green across the board the dow would open up 50 points higher as we always say, this is early. this is a busy week for wall street 40% of the dow, 30% of the s&p 500 set to report.

we're talking names like boeing, meta and microsoft we get a trifecta of central bank decisions with the fed kicking off things wednesday before the ecb and bank of japan. they make their own decisions on rates. one week away from what could be the costliest labor strike in at least 100 years with ups and the teamster negotiators heading back to the bargaining table tomorrow much more on that. the bond market, as always we begin with the benchmark 10-year. it's been range bound. 3.75 to 3.85 talking yield the inverted yield curve, we continue to watch that we're looking at the energy market a lot of move there. we're seeing a bit of a pull back when it comes to wti. up 6 bucks a barrel in the month of july. fractionally lower brent crude, flat, 81.09 a barrel

natural gas fractionally lower there is one stock to watch, chevron. the company offering a rare preview of its results overnight. second quarter earnings coming in above estimates also announced the retirement of its chief financial officer. we'll have much more on chevron coming up this morning including an exclusive one on one with mike wirth coming up at 9:30 a.m. the top stories. silvana henao is here with those. good morning. >> good monday morning american airlines is streaming the offer by $1 billion. the new offer from american would bring the four year offer to around $9 million and match united pay rates, back pay and other benefits in response, american's pilots union says it is indefinitely postponing ratification while it reviews the new terms.

shares of amc entertainment are surging ahead of the open after a judge in delaware friday shot down a deal that would have allowed the company to dump more shares onto the market in a statement ceo adam aaron's said the company has filed a revised petition for a stock conversion to address issues raised by the court. aaron also emphasizing that raising capital is critical for the company's survival. and elon musk taking the next step in rebranding twitter. musk revealing plans to replace the social platform's iconic bird logo with a new yet to be decided logo featuring an x. announcing twitter's rebrand musk wrote on the site that, quote, soon we shall bid adieu to the twitter brand and gradually all the birds. >> going to miss the birds. >> you're going to like the birds? >> it's a big shift. >> not sure what direction he's going. we're going to find out.

>> we sure will. back on wall street, investors gearing up for the busiest earnings season. more than 150 companies and 12 dow components set to report talking microsoft, alphabet, meta, coca-cola, mcdonald's and exxon mobil. the scorecard with eps coming in 8% lower than the same quarter a year ago revenue dipping almost 1% compared to last year. at the same time revenue and earnings are beating joining us to discuss is scott ladner thanks for being here. >> thanks, frank good morning. >> we have a fed decision. a very busy earnings season. how do you see both of those shaping this week for the markets? >> yeah. i mean, i think you set it up really nicely. this is pretty much the biggest week of the month and biggest week of the quarter as we come into it. the fed is most likely going to hike and most likely done. i think the hike is probably the

least important part of that than the being done part it's potentially very important. it signals we have rates that combined with what we're going to get in earnings this week especially from as you mentioned the cap names, if we have seen the peak in rates, we have to continue strong earnings out of the megacap tech names, that could provide us the next play. >> scott, you said we're done with so much certainty the fed officials saying there's going to be one more hike. not definite it will be in july. why are you so confident this will be the last hike? is that what's powering this rally, the idea that the fed is done >> yeah. that is definitely a big part of it, frank. we can't say with certainty the fed is going to be done. it's not in the fed's best interest to take away optionality. what we'll probably see is it come through data. continued strong data in the u.s. and continued

disinflationary data in the u.s. most importantly is probably going to guide the fed to say, listen, we've done a lot we can probably hang out for a little bit and let it do its work. >> you seem to have a lot of confidence is recession off the table are you still telling clients to prepare their portfolios for a rece recession? >> we think recession is certainly off the table for the next 12 months you can never say it's off the table. outside of something -- some sort ofxternality, you can add into equities. start dipping your toe into the cyclical small cap areas as the market becomes comfortable the recession is nowhere in sight. >> also i know you're looking at consumer staples they've been underperforming what's your take on consumer staples with the idea we are not going to see a recession

>> staples are a place you want to be in when you want to hide out. staples are not something favored for a little while they are very expensive. very popular place to hide out the combination of very expensive multiple, plus some margin pressure coming from the fact they're losing pricing power. as inflation comes down, they're losing pricing power that is not a rosie one. >> scotlandman, thank you for being here. the one word investors have to know today. first, a look at the state of freight. how should investors be preparing? plus, china shoring up its economy but the street is not impressed. adidas gets a surpriseee yzy windfall

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welcome back to "worldwide exchange." we have green arrows we have jomana versace in the london newsroom. good morning >> good morning frank. pmi numbers. disappointing on all metrics in the u.k. the ftse 100 is dipping down five basis points pmi manufacturing number back where it was at the beginning of

the pandemic similar story as well on the xetra dax. in germany the pmi now is back in contractionary territory. so all of this data very key going into the ecb on thursday ibex also in focus with the spanish general elections with an inclusive result. in terms of corporates, one name in the uk that is vodafone. it's up 4.43%. so a good reaction so far. the other name we're watching very closely is the likes of ryan air that airline reported 662 million euros in profit for the first three months and the irish airline did lower their 2023 passenger growth projection due

to delays in jet delivery from boeing it's going to pull down the entire sector. all airlines are trading under the flat line. >> jomana, thank you very much jomana versace live in london. we are just one week away from a potential strike by 340,000 teamster workers at ups which could be, according to research from adp, the costliest labor strike the current estimate more than $7 billion in the first ten days of the strike. ups delivers roughly 22 million packages per day and only a fraction can be delivered by rivals, fed ex, amazon and the u.s. post office the majority of that impact, $4 billion expected to be felt by ups customers like amazon, nike and macy's the biggest impact will be the small businesses the strike will close small

businesses, household workers, sole practitioners and online retailers. ups trains its non-union workers to keep operations going if there is a strike. the ups teamsters contract expires one week from today on july 31st with them returning to the negotiating table on tuesday. for investors this comes as dow transport rises more than 20 pergs percent. let's start off with how do you see the odds what do you think the chances shall of an actual strike? does that give us an insight into the ups negotiations as sfwhel. >> the yellow situation is

different than ups yellow has been a zombie company for years. ups is the largest employer of teamsters, tremendously successful relationship. teamsters and ups need each other moving forward. >> where would you put the odds of a strike? is it 50-50? a week to go they're coming back to the negotiating table today. ups is willing to raise pay. >> i think the odds of a strike are lower than 50% for sure. what you have to be cognizant of is part-time wages they've agreed on everything else except for discerning pay froe gregs for part-time wages the full-time teamster drivers want to go ahead and take off work and put themselves at risk for the part-time drivers and while the brotherhood and the union leadership is very strong, we just don't think it's likely that full-time drivers are going to strike over a part-time

issue. >> again, they return to the negotiating table tomorrow in the meantime, for investors, how should investors view this situation and the possible disruption is this going to create a meaningful shift in the transports in the short term and long term? >> to the extent there is a strike at ups, it would be a significant one-time impact. the stocks will react negatively it should be short-term in nature the yellow threat of potential bankruptcy we've seen the ltl freight sector, which fed ex is a member, the move up in june you're seeing on the chart is largely as a result of concerns that that ltl organization at yellow, which is the largest market share company, is going to go out of business, is going to go into some type of restructuring and that will put a lot of freight in play for a lot of ltl carriers.

fed ex is the biggest. >> you just listed some names in the ltl space. ltl is trucking where you -- companies put different loads into the same truck as opposed to just purchasing a load, filling up a whole truck on its own. when we're talking about ltl, what are some topics that might benefit from a yellow disruption but possibly from a disruption at ups >> you get both of those things in a stock like fed ex the ltl at yellow is different than asia. they have a lot of national ltl freight. putting pallets that are not enough to fill up a full tractor-trailer rig into a network. that national network that yellow runs very long distance freight, that matches up very well with the fed ex service footprint. they'll pick up a lot of business from the business continuity risk at yellow. >> coming full circle, what does

this mean for ps underperforming were how does this disruption impact the stock for the rest of the year >> i think the next nearest catalyst is whether we get to the table. we are at the 11th hour. my guess is we will come to a negotiating agreement and ups will claw back some of the relative underperformance since the 1q earnings on the news we are not going into a strike. obviously we'll have to sort through what the economic implications are of the new teamster contract. we don't think it's going to be destabilizing to ups economics we think there is enough supply/demand and the pricing will remain pretty robust for the small package carriers you'll see ups claw back. >> a lot to watch. obviously keep an eye on negotiations david, good to see you. >> good to see you, frank. we continue our coverage of

the potential strike impact. we are talking to executive vice president of pitney bowes gregg zegras coming up on the show, thinking outside the box looking at areas outside of traditional equities why rgmoan stanley says southeast asia is now the place to be.

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welcome back to "worldwide

exchange." nbc's jessica leighton is in new york with the very latest. good morning. >> reporter: frank, good morning. hope you're having a great start to your week political turmoil in israel. hundreds of thousands of protesters voted on jerusalem on a judicial overhaul that would allow prime minister benjamin netanyahu to overrule supreme court decisions. hundreds of israeli air force reservists say they will not show up for duty netanyahu is insisting on today's vote despite his own health struggles he's been admitted to the hospital and he announced he had a pacemaker put in the brutal heat wave thousands of tourists were forced to evacuate on the island of rhodes. crews working around the clock to try to contain this disaster. and back here at home, another shot at a massive jackpot. the mega millions prize climbing

to $820 million after nobody hit the jackpot on friday. it is the fifth largest prize in the game's history and you still have a lot of time to get your ticket, frank. the next drawing is tomorrow night at 11 p.m. eastern back to you. >> i definitely need to get my ticket do you have a pool over there at "30 rock"? i want to jump into different pools. i need as much exposure. >> we're all part of the nbc family you can come over here for free. >> jessica, thank you very much. going back to our special this week, the barbenheimer effect this thing is real giving the summer box office movie theaters a major boost hauling in $155 million over the weekend. according to com score that's the biggest debut topping "mario brothers." it brought in 182 million internationally. the total 337 million. universal picture said

"oppenheimer" middle 0.5 million here and 35 million internationally. let's talk about this with a lycia reese with wedbush securities thanks for being here. >> good morning. thanks for having me. >> did you go see the "barbie movie ". >> i saw both. >> did you see them as a double feature? >> no. friday to see "barbie" and "oppenheimer". >> it's long. >> i'm looking at the stocks cinemark up 1% amc has different news it's an outlier. is this a big turn around for the movie business is this going to give investors confidence the movie theater business is back >> yeah, i think it does it's one of the biggest box office weekends we've seen, certainly the biggest post pandemic being able to show people will

go to the movies if the content is there that's really encouraging to a lot of investors who think movie going is dying. >> so the fact there wasn't a super hero anywhere involved in this huge box office weekend, what does that say about the future of the movie business because a lot of us were thinking for a while that blockbusters had to be tied to the i.p. of a comic book or some other big franchise. we have barbie it's not a comic book. not the same level of i.p. >> cinemacon which we go to every year, we get a glimpse of what's coming up over the next year i'd say there's a fair bit of fare but less. a lot more new i.p. that we found really interesting you know, i think studios are really getting that people want fresh i.p. they really want new titles and i think especially this weekend we saw a real shift and i think

a lot of investors might be interested and people are actually willing to go see, you know, real thinking, thoughtful pieces like "oppenheimer" and there was a big period where it was escapism, escapism, escapism getting out to see fantasy and something getting this level of box office on top of "barbie," that's compelling. i think studios are going to be hearing that loud and clear. it doesn't hit the box office for another two years but i think we'll see a big shift. >> you're mentioning the studios. we have a strike in hollywood. how does that impact your long-term thesis and do you have a topic? >> yeah. in near term there's a risk if this goes on beyond labor day, there's a risk that the actors won't be able to participate

the rest of this quarter, it's okay it's not crucial no big name titles that require the actors to participate, but once we get into october ahead of november releases, it gets really critical. there's been some talk of, you know, the studios pushing those if actors can't participate in the press releases that's a potential q4 issue. i don't think it will go that far. if it goes a month longer, that impacts q2, q3 next year and potentially into 2025. so, you know, we really need to see something resolve within the next month i do think the studios are highly incentivized to resume this. >> with all of that in mind, what's your thought? >> imax. >> really? >> yeah. they got 26% of "oppenheimer"

worldwide. domestically 20% worldwide they have a growing imprint of imax screens local language content is becoming more and more pertinent particularly japan which is a very nascent market for them china's still growing quite a bit. so they have a lot of growth potential. even europe has a pretty small market they can grow substantially. there's a lot of growth and the name brand with films like "oppenheimer" and they're increasingly using imax cameras and integrating marketing campaigns. the shares have been oversold recently particularly -- >> alicia reese, thanks for being here. >> thanks for having me. the biggest chip companies are telling the white house amid

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it is around 5:30. a lot on worldwide exchange. markets kicking off an action packed week.

chevron with a c suite reaction. pippa stevens staying around for it >> we look overseas for opportunity to make money. you're watching "worldwide exchange" on cnbc. welcome back i'm frank holland. futures in the green the dow rising slightly from just earlier this morning. we're also taking a look at the bond market.

we given with wti. up 3/4 of a percent, 77.60 brent crude, 81.65 natural gas as well. prices of wheat, taking a look up over 5.5% this month alone up more than 13%. time for a check on some of the top corporate stories. silvana henao is here with those. >> frank, good morning to you. cme will reallocate.

leaders of the largest chip makers in the u.s. are apparently calling on the biden administration to study the potential impact of restrictions on semiconductor exports to china. they warned it could hurt the chip industry. intel's new plant in ohio could be at risk if china's market is cut off. and adidas is receiving more than half a billion worth of orders for the first batch of unsold shoes from kanye west's yeezy line the sale could help the sports ware company from having to take a big writedown on the remaining

stock. >> giving the stock a boost. it is outperforming nike. >> i didn't expect that to happen here we go. >> a lot of question about adidas after the whole yeezy. >> exactly. this morning taking a look at shares of chevron moving higher in the premarket the second quarter results announcing a leadership shakeup. pippa stevens is here with conversation from ceo mike wirth. >> yesterday's announcement took wall street by surprise. starting here with the numbers the company posting a profit of $6 billion during q2 ahead of analyst estimates but that is more than 40% below last year's record after a decline in oil and gas prices still, ceo mike wirth telling me it was another really strong quarter and that the company is built to be strong in any price environment.

he added they can cover the dividend and capital spending at a price below 50 bucks and said while prices are lower today than a year ago, they're still much higher than where chevron starts to feel, quote, any real pain chevron's results were helped by record production in the permian basin and they returned $7.2 billion to shareholders during the quarter. as part of the $70 billion buy back this year which drew ire from the white house wirth telling me chevron is in contact with the administration but that prices coming down has, quote, taken a little bit of pressure off of everybody. chevron also said its cfo will retire next march and announced it will waive the mandatory retirement age, mike, for ceo mike wirth. >> pippa, wall street not loving the group of energy stocks it's one of three sectors that are in the red this year. >> that's right, frank

i think generalist investors have seemed to flee the space after energy outperformed for the last two years mike wirth told me he thinks investors are on the sideline until the new found capital discipline is confirmed over a longer period of time while also pointing to some investor concern around esg issues. he said they have a strong cash flow profile and attracts shareholders over time you're going to find investors are going to recognize that proposition and come back to the sector. frank, we shall see. >> pippa stevens, thank you very much. be sure to catch the exclusive interview at 9:30 a.m. eastern today. turning back to stocks and today we're kicking off a new special taking a closer look outside the usual suspects in the equity market. all week we'll focus on areas that may be flying a bit under your investment radar including real estate, crypto, private equity and more.

we are joined from london with more good morning >> reporter: yeah, frank we certainly don't do this very often, right we thought we would take a look at the brits markets it's all on the back of algeria wanting to join the brics nation vladimir putin will not be coming to the brics summit on the back of the icc having put that out the brics nations certainly in key focus. this this is pretty much what the currencies of the brics nations have done since the first rate hike in march of last year a lot of movements with the south african rand the russian ruble is one to look out for. 26% kban that comes off the back of some

higher oil exports what does that mean for the yield market this is the swing that we have actually seen. if you take a look at the orange line, that's the one we're keenly focusing on that is brazil's 10-year yield which seems to have lost 9%, nearly 10% and that is just since that hike then by the fed as well. a lot of movement here a lot of variability as you can tell as well perhaps then one could say there is some gains when one takes a look at india's 10-year yield. political stagnation is one issue to look out for when it comes to that market these markets have a lot of room for growth but volatility is still the name of the game frank? >> a lot to deal with there. great reporting as always. always great to see you. let's dig in deeper and bring in amy oldenberg the amy, good morning. thank you for being here. >> reporter: frank, great to see you. thanks so much

>> give us a general sense, if you're an investor looking to invest in emerging markets, is there something you need to pay attention to is it very similar to investing in the u.s. markets or different thesis >> sure. one of the things we've seen is a concentration similar to the u.s. market where seven countries make up 80% of the em index. one of the challenges with that is that you have 50 markets that really are unheard of and even what we just herd, some of those under appreciated or under cover and many of those where they're making course corrections now. there may be short-term pain but there may be long-term opportunity going forward. i think as an example it's one of the things we've seen in nigeria. they have a new president and he's making changes and long term this could be a turning point for africa's longest economy. >> i want to go to some of the etfs and one is the eem etf.

underperforming the s&p so far this year, but you're saying there's a lot of opportunity the thing that you're pointing to is the country dispersion within this etf. we're going to show a chart of this country dispersion. highest level since 2005 explain why that's important for investors. >> it's one of the things that's come back and focus on active management again this is a very significant dispersion number. the difference between the best and worst is running 88% now one of the things that overshadowed emerging markets is the underperformance of china. over the last year china being the worst performing market, it's dragged that index down to only performing 1.8% over the last year. you have markets like greece that are up over 70% it's not only just greece. 16 of the last 24 -- 16 of the 24 countries in the index are actually outperforming over that

one-year time period so it's really an opportunity to take advantage and focus on some of the other markets outside of china. we're even seeing a rise of emx china products so people can focus on these and not be dragged down by the 30% weight that china makes. >> you're looking at southeast asia >> sure. we're looking at many markets where you have very large, young populations that are fast growing. it's one of the areas of the world, too, where digitization is really making significant change in terms of these populations. they don't have legacy infrastructure they're able to leap frog that opportunity there and we're really able to take advantage of this through the equity markets. so southeast asia, even latin america talking about brazil, mexico these are some of the opportunities that we like in the emerging market space right now. >> okay. you mentioned mexico as well

is that partly tied to some of the near shoring that we're seeing what's making that so attractive while it isn't the u.s. economy, it's in north america. part of so many trade agreements not something i think of as a traditional market >> near shoring, friend shoring. there's a real opportunity when we're looking at supply chains that have been in real focus over the last couple of years with covid, with some of the trade agreements that you have highlighted. we do think that that's one of the opportunities that we see in mexico. >> look at the mexico chart. outperforming the u.s. 26% year to date amy oldenburg, thank you. >> great to see you. we have robert frank and the head of global luxury at sotheby's. coming up, a look at the morning's big upgrades and downgrades including some fresh love foretix o nfln the back of its quarterly results.

time for your "morning call" sheet. netflix is moving it to outperform and $500 per share. the firm citing increased confidence in the execution thanks to its advertising and paid sharing initiatives and strengthening financial profile. take a look at shares of netflix up half a percent. goldman sachs and ubs initiating vasavers value villae

ups giving a buy rating and taking a look at shares this morning down 1%. let's stick with ubs it's downgrading the rating on tesla from buy to neutral but raising the price target from 220 to $270 per share. ubs saying it's limited up side risk because strong execution is being limited. shares of tesla down more than 1% and time now for your global briefing we begin with china's economy facing new challenges. the recovery will be, quote, torturous. citing the top decision making body of the ruling communist party. the report adds it will roll out the macro adjustments as it sticks with a cautious monetary policy inconclusive results with the right and left failing to secure a clear path forming a government despite the opposition people's party

winning the most seats of parliament the deadlock leaves it in limbo. in 2015 and 2019 bain capital says it's entered into an agreement to buy out all of the adani family's investments in the company they will keep the 10% stake. the one word that every investor needs to know today plus a critical week for investors. earnings set among the key drivers. we lay out the moves to make with your money coming up next. then tomorrow, "worldwide exchange," the co-ceo of oak dlgs tree capital management, armen passn.noia that's at 5 a.m. eastern much more "worldwide exchange" coming up after this break

welcome back to "worldwide exchange." reuters reporting american airlines pilot union has postponed a vote indefinitely. this after american raised the four-year contract offer by $1 billion to right around $9 billion total. chevron offering a preview of the second quarter earnings. earnings over investments down a year ago the retirement of the cfo. ceo mike wirth talks exclusively with cnbc today at 9:30 a.m. eastern. elon musk taking the next step at rebranding twitter they will replace the iconic bird logo with the new yet to be decided logo featuring an x. shares of amc c entertainme surging. they have a stock conversion plan that would allow the company to issue more shares after a judge friday blocked the first attempt to flood the market with new stop

stelanis says they should begin production in 2020. speaking of duos, oppenheimer and barbie, barbie pulled in first and oppenheimer second the strongest box office weekend of the year and the fourth largest box office weekend ever. getting ready for a wild week for wall street with key pote potential catalysts for the markets. the busiest week of earnings and 12 dow components set to report. that includes alphabet, coca-cola, microsoft, and meta the we've also got three central bank decisions on tap. the fed on wednesday, the ecb on thursday, the bank of japan on friday and we are just one week away from a possible ups strike with talks resuming tomorrow it is estimated that the first ten days of the potential strike

could cost the economy approximately $7 billion so a lot to watch there. a busy week ahead. let's break it down with chris merange. thank you for being here. >> great to be here. >> it seems like the market's convinced we're going to have a soft landing we have the fed decision coming up later this week we have the nasdaq 100 rebalance. haven't talked a lot about it today. it seems to have influenced some of the investment decisions around the nasdaq last week. >> it did have an impact last week we're always expecting volatility volatility can be an opportunity and we like that obviously big week for earnings. we're looking for eps trends outlooks >> so you're here to talk all about today. with that in mind, what is your wex word of the day. >> it's small. >> big week. >> companies reported. it fits with finding sectors off

the run. we love emerging markets we love mexico you can stay closer to home and find emerging companies here that are benefitting from a lot of those same secular and cyclical companies small company companies, small is beautiful. >> you're talking your own book. you have your own etf book you want to talk about give us the ticker when you invest in this, what are you getting? >> we're talking about the gavelli small cap fund benefitting from a lot of these cyclical dynamics. soft landing if the economy is going to have a soft landing, they have been beaten up are going to do better irrespective of what happens with inflation and rates, we're finding good companies, good management at attractive valuations and finding a lot of those in the small cap area. >> you're finding that in small cap. are you following value? >> a lot of the magnificent 7

stocks and megacap they have a lot of protection from recession and cost of capital. not as cost in capital sensitive. >> that's true and i think the outperformance of the magnificent 7 and some large cap can be viewed as safe havens especially earlier part of the year. that's created a huge gap. one of the biggest gaps in decades between large and small cap stocks as we all know large is small for a long time. it's beginning to shift. it's gun to shift in july. the russell 2000 is up two times what the s&p 500 is in the month. >> you're referencing what we did today is emerging markets. you mentioned mexico the mexico etf outperforming the s&p. is that some place you would put money into today >> it is we likesome specific companies in mexico, gruopo femsa.

it's diversified retail and beverage business. they'll benefit to money coming back to north america. >> give me a sense of how another rate hike but also a softer dollar, how does that impact the emerging market thesis you have? give us another emerging market. >> overwhelmed by some of the secular trends of reshoring. in terms of emerging markets, w like countries that are particularly levered to the u.s. we see some other companies in latin america. >> mexico one, small caps. you're talking your own book small caps in general. good investments even ahead of the fed decision. >> absolutely. >> chris, thank you. quick check of the futures as we've mentioned, we've been in the green all morning long. the dow, pretty much close to the highs. the nasdaq and s&p moving higher that's going to do it for us

here we have "squawk box" coming up next thanks for watching. a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry about planning for a third kid. you can still play golf... sometimes. take control of your financial future to empower what's next.

good morning elon musk says twitter is getting rid of the birds as it rebrands to x. just one x, not three. new ceo linda yacarino making the case for the changes. amc soars after judge rejects settlement barbenheimer with a combined $355 million

monday, july 24th, 2023 and "squawk box" begins right now. good morning welcome to "squawk box" right here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. it's monday and we are ready to go if you check things out at this hour, you're seeing green across the board. dow futures indicated up by 60 points that comes after ten days in a row of gains for the dow that's the longest winning streak since august of 2017. s&p futures up by about 10 this morning. the nasdaq up by 37 and the treasury market right now if you want to check out yields, right now it looks like the 10 year is slightly lower on the yield at