to "worldwide exchange" on cnbc. frost. >> i'm courtney reagan in for sara eisen it's throwback thursday. we're taking you back with the women of country music this is reba my favorite interview of all time after i interviewed her, she walked out and i cried >> you held it together until the end. you can hear us on the radio, too. sirius xm 112, i think >> very fancy. let's check on the global markets this morning look at futures. slightly higher when we started the show following on yesterday's record closes for all three major indices, including the russell 20 2000, slightly higher, only marginally before the market opens in about four hours. the dow jones indicated higher by 22 points the nasdaq higher by 4 in this case by pure point standards and otherwise dow jones average would be indicated higher than the nasdaq if we can look at the ten-year note sitting firm around 1.2.26 this as the healthcare debate rages on in washington as wilfred says, bang-on unchanged. >> really bang-on. >> 0.00. >> 2.26 it moved 2.27

let's get reaction from cnbc's john harwood good morning to you.his happening hours ago gauge for us how big a surprise the defeat was give than this was such a reduced repeal bill >> very big surprise just a couple days ago, john mccain had returned from arizona where he had surgery after being diagnosed with brain cancer, and gave a speech on the floor in which he said he wanted to return to regular order, do a bipartisan deal with democrats, but then voted to take up this legislation. he could have stopped it then by voting no. it passed by one vote with vice president pence breaking the tie. so i think then yesterday evening there was a press conference where john mccain joined two other senators and said they would only vote for this bill, the so-called skinny repeal if they were assured it would not become law it's an unusual thing to hear a senator say. the other two senators decided that they had enough assurance from the house that they -- that it would not become law and they would vote for it john mccain held out to the end. extended his

. >>> good morning welcome to "worldwide exchange" on cnbc. i'm courtney reagan in for sara eisen. >> i'm dominic chu in for wilfred frost. >> we have taylor swift to start us off >> you're along for the ride it will be a fantastic day let's check what's happening with the markets we are seeing at least a little bit of perhaps recovery maybe some stability there in some way. the s&p futures indicated to open up by two points. the dow jones average down by 1 point right now. the nasdaq again showing signs of gains we were working on eight straight days. we got that yesterday. so now we'll see if we can build on some of those record highs for the major indices. the ten-year, we are seeing movement there we have seen a little bit of a trend higher eventually. now you can see 2.27 the last trade there. that down trend in yields for the past week or two is now at least showing a little bit of stabilization. we'll see if that stays the case as well. also on the corporate side of things, shares of ibm under pressure the company reporting its 21st con

. ♪ >>> good morning welcome to "worldwide exchange" on cnbc.'m dominic chu in for wilfred frost. >> i'm morgan brennan in for sara eisen it's new music friday, we're getting your weekend started with a brand-new song by zed and liam payne called get low. what do you think? >> i kind of like it it's firing me up for jobs friday also makes me feel like i'm in a club on a saturday night >> i hear get low, i'm thinking lil john >> and the east side boys for sure let's check the global markets there is some stuff going on ahead of this big jobs friday. if you look at the u.s. equities picture, it's generally flat, maybe to be expected after a down day yesterday things are holding steady ahead of that 8:30 a.m. eastern time jobs report. you can see the implied open for the dow, just about one point. the s&p about two points nasdaq up by about five. as we look at the ten-year treasury note yield, a key focus for traders and investors over the past week or two, given the bank stock run, global rates all over the place, right now a slight tick higher in

newsline, cnbc contributor stacy.hanks so much for joining us. of course, you're here to talk about that deal between michael kors and jimmy choo. this has been rumored for some time that jimmy choo, obviously, we knew was up for sale and that michael kors may be one of the bidders. now that we know the deal is coming to fruition, what do you think? is this -- for michael kors? >> it's interesting because obviously the acquisition train continues in luxury. coach and now kors putting their stake in the ground with jimmy choo, and i think it makes sense. it's a great acquisition because it gives kors some of the things that, you know, we can all argue are lacking. number one, it's really a true luxury brand, and, you know, as you probably know, shoes start around $700 for heels there. certainly bringing kors up the spectrum of luxury here, and it gives hem more exposure to the shoe category, which everybody has been chasing you know, i think it's a decent acquisition for them, and there is certainly growth left in the

. ♪ ♪ >>> good morning welcome to "worldwide exchange" on cnbc.r joining us wherever in the world you may be joining us i am courtney reagan >> let's check what's happening overall. a busy day >> earnings, economic data start with future. right now marginally lower dow-jones industrial average were to open now, it would be lower by 44 points nasdaq shed about 12 s&p 500 down five points four hours to go, a lot of action could change it once we get earnings reports that trickle out today look at the ten year note. this has been under a little pressure saw some buying friday right now, slightly lower at 2.23% for the ten year note. something we will follow closely with the dollar and some other global market movers. >> on the asian side, they're closed mixed session generally positive nikkei finished by a half percent. hang seng and shanghai finished in the green as for europe, you heard us mention it earlier, seeing weakness in major markets. this as some automakers weigh on the overall sentiment in europe. we heard reports of allegations of possib

a very warm welcome to cnbc. let's get straight to the global market picture thorn after a pretty volatile day yesterday. markets ended broadly flat during the day when donald trump jr. released those all-important e-mail, we did see about half a percent selloff, but markets ended broadly flat and off the lows oil prices also had a decent day. they gained about 1.5% and up almost 2% this morning on the back of better inventory data. we did see yields rising a couple weeks, but slipper yesterday. 2.34 and that is why financials underperformed credit. they were the worst performing sector on the s&p. >> markets still trying to digest the latest e-mail exchange involving donald trump jr citigroup writing that it increases the uncertainty around the durability of the trump administration take a look at how asian equities closed. it was a down day for the japanese nikkei by half a percent. china and south korea also closing lower. a bright spot was hong kong up by around 0.6 respec%. the 100 day plan expected to be un

at street signs cnbc oig or to me directly. well, coming up, send in the cows we'll explain how a load of farm animals is playing a role in the qatar crisis plus a top middle eastern developer is how the boycott is affecting business in the region hey you've gotta see this. c'mon. no. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. >>> welcome back i'll kick off with a little bit of breaking news out of china. looking at money supplies, we're seeing that chinese banks extended 1.54 trillion yuan in june they only predicted 1.2 trillion and let's also look at m2 money supply which grew 9.4% in june expect about tags about tagss w. and let's get back to the key stories moving markets here in europe let's start with foster wheeler under investigation over use of a

all that comes up today on cnbc. "squawk box" coming up next. morning wall street's new watchdog president trump is nominating a new banking regulator at the fed, and his first name is randal, but it only has one "l," which is an interesting choice. >>> prime deals. shares of amazon rallying as the company kicks off its july sales holiday. we'll tell you how it's going to impact amazon's bottom line. >>> and this is said, i am told by my millennials and other young people, oh snap! the snapchat parent slipping below its ipo price, uh-oh, as investors look for a way to lock up key expiration for insiders it's tuesday, july 11th, 2017, and "squawk box" begins right now. ♪ ♪ hey, it's not a miracle we needed ♪ >> announcer: live from new york where business never sleeps, this is "squawk box. >> i can't pretend i'm young i can't pretend i have kids. oh, snap is that a way so kids cannot say, oh, you know, the thing they're not allowed to say >> exactly for me, yesterday we had a guy who wrote a book called -- >> yeah, you said it on tv. >> "the just

welcome to "squawk box" on cnbc.rom nasdaq market site in times square take a look at the equity futures. we are looking at the dow futures. s & p futures are relatively flat dow futures up 16 points the s&p 500 and the dow finished at record closes once again. nasdaq up by 8.5 technology stocks are the reason we cited for recent gains. >>> overnight in asia, japan closed for holiday china reported economic growth 6.9% second quarter. that beat expectations factory output surged by 7.6% in june, fastest pace in three months retail sales topped expectations, rising 11% last month. the shanghai composite dow

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. >> and in another cnbc ex-clues if, ermotti says investors are looking for sustained period of calm before they take out money from cash reserves >> geopolitical front is, you know, quite a warning in respect to what's going on almost every day, so investors are really fundamentally touched by all those, and need to see prolonged and stable pattern going forward. >>> there are a lot of green tiles today on this screen european markets off to a positive start this week stock europe 600 is tracking up over a third of 1% today seen some gains from friday when we had solid job numbers let's look at what's happening in individual european indexes it is around a third percent the italian ftse up by a half% so far today let's look at what sectors drive the gains this morning we see real estate is in the lead almost up by just over six-tenths percent on the other hand, most of the sectors are in the green still ceo of uvx says the swiss banking giant will begin to narrow down options with bricks it related moves by end of the summer or early part of fourth quarter. carlin spoke about the ou

you're watching "worldwide exchange" on cnbc.he future isn't silver suits and houses on mars, it's right now. think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. it's a new kind of network. xfinity mobile. >>> good morning, a look at the market action. saw slight gains by end of the week, decent bounce friday, delivered flat performance for the s&p 500 and nasdaq, edged up a third percent, slightly higher nasdaq leading the charge. best performer friday itself let's look at yields big story last week. nearly crossed 2.4% on ten year after yields around the rest of the world picked up. we slipped a little, yields in europe slipped after softer comments from mr. villa roy from france yields are higher than a week or two ago. oil is front and center, slipping friday, almost 4% f

a first on cnbc intervup that we welcome back president and ceo tim hockey who is ringing the closingat the nasdaq today. tim, good to see you welcome back. >> good to see you, too. thanks for having me. >> quick assessment of the quarter and how it went for you. >> we're pretty thrilled with it the stock performance was great today and as we said it was a good all-around performance. we had spectacular performance on our institutional side and we actually have opened up more accounts by the end of the third quarter than we did all of last year and 2017 is off to a spectacular start and almost finished, i guess >> you cut your commissions at the beginning of the quarter do you think that helped what impact did that have? >> it was actually in the last quarter. what's fascinating is we had a 44-cent quarter, and if you actually look at the fully baked-in price change this quarter versus the same quarter last year offset by the uptick in revenue increase we got as a result of the trading, then there was only a one cent eps impact of that price change year over year. we almost just grew

. >> and after the bell, paypal's chief executive officer will join us in a cnbc exclusive. that stock hitting an all-time high earlier in the wake of its new apple partnership. we'll get more details in the next hour. let's start though with this news that broke in the last hour regarding sprint dow jones reporting that the telecom giant's chairman engaged with warren buffett and cable mogul john malone about a cable investment those talks reportedly happened in sun valley, idaho, at the ellen and conference company conference where julia boorstin has been packing up and getting ready to go and hang around, julia. there may be more news breaking here so we all know that they were there but you haven't been able to confirm whether the conversations we were talking about there happened in sun valley, right? >> reporter: yes we know all the players are here and we mow that john malone has been taking meetings he's been having them behind closed doors and we saw them arrive what we expected going into this week in sun valley is the telecos, the at&t, verizon and sprint are the

operations cnbc learned that wisconsin is the apparent winner.cording to a source with knowledge of an announcement at the white house today scheduled for 5:00 eastern time. cnbc has also learned that wisconsin governor scott walker is d.c. today. no comment from the governor's office about why and, by the way, the apparent location in the southeast part of the state around kenosha and racine is in the district of house speaker paul ryan. the speculation went into overdrive after president trump told "the wall street journal" yesterday that apple's ceo tim cook told him, his company is going forward with three big beautiful u.s. plants, which mr. trump said he considers key to the success of his administration now, apple has not confirmed those plans, but in any case, today's announcement is not that it is foxconn, we are told, an apple supplier, not apple. and by the way, foxconn supplies components for other companies as well. now, that's not to say apple is not preparing to invest in u.s. manufacturing. here's ceo tim cook talking with jim cra

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that's another story time for a cnbc news update with sue herera hey, sue. >> hi, guys.e's what's happening. senate majority whip john cornyn hopes a vote will be held next week on a bill to roll back obamacare and a revised gop health care plan could be released later this week that's according to the publication "the hill. a massachusetts man accused of killing two engaged doctors pleading not guilty in court today. he's facing two counts of first-degree murder, armed robbery, kidnapping and home invasion charges. >>> a cyclist in tennessee is hit by a car and the incident is captured on video. tyler noh and fellow treat leet greg goodman were riding on a parkway in nashville when woodman wearing a gopro captured his friend being hit by a passing vehicle. luckily noh was not seriously hurt which is amazing in and of itself. >>> and that is one lucky lady 19-year-old rosa dominguez won two california lottery jackpots in one week. she won over half a million dollars after buying a $5 power five scratch-off ticket and then tried again and won another $100,000 she says she

call me at 1-800-743-cnbc. or tweet me @jim cramer.y association guilty until proven innocent i'm not

. ♪ good morning welcome to "worldwide exchange" on cnbc.'m sara eisen >> i'm dominic chu in for wilfred frost. >> welcome good to be here. >> he made it through his bike ride >> he did. the pictures are on instagram. congratulations. >> success it looked really hard. >> it did. you have to be in shape to get through something like that. >> he trained a lot. hard core training of new jersey >> there you go. >> he made it to monaco. let's check in on the global markets. u.s. equity futures starting off after a holiday closed day yesterday and a half day of trading on monday. dow futures up about 15 points s&p futures down and nasdaq futures are under some selling pressure this morning, down 21 tech underperforming even though we got a big rally on monday during that half day of trading. we'll talk about that in a moment ten-year treasury note yield, higher higher yields last week. higher yields on monday. that's the dominated theme they're going higher again this morning. watch this carefully, the speed of the move is something that is catchi

you're watching "worldwide exchange" on cnbc. ♪ >>> 5:30 a.m. on the east coast.lcome to "worldwide exchange" on cnbc >> a very busy day, certainly kicking off a very busy week. >> last day of july. we are higher in premarket trade after the dow and s & p hit a record high for the month. they're higher by 2%, nasdaq continues to be the standout, up 4% thanks to better than expected earnings from facebook and others this week the names to keep an eye on, apple. dow-jones up 57 points now strong start potentially to the week nasdaq higher by 16. if you look at the u.s. ten year, big story is three policy meetings, reserve bank of australia, india, bank of england, three major central banks expected to keep rates unchanged. ten year note yielding 2.294%. >>> as for the agency equity side, we saw a mixed picture nikkei off by two-tenths of 1% but the rest finish in the green. hang seng up to close the day. in europe, a mixed picture flatness in german, french markets. they're slightly positive. german dax up two-tenths of 1% flat positive for cac france >>> and data o

>>> here's my monday morning question for you viewers of cnbc is there anything economically that polarized more opinion than china. on one hand, a debt explosion waiting to happen. debt to gdp nearly 300 on the other side, $12 billion completely and utterly expanded at a rate that's impossible on an annual basis. i am steve sedgwick these are your headlines. >>> european equities are better and earnings season gets into full swing the real brexit talks begin. meeting in brussels, promising to go beyond the pleasantries and get into the top issues. >>> and corporate planes >>> and telenor beats expectations as it launches a share buy back and we will speak to the ceo of telenor. >>> let's look at things out of china. they are beating expectations. this is polarizing they have taken 16 days to come up with 7% growth rate for an economy worth $12 trillion i had a look at the bureau of economic analysis, they're not getting the first quarter estimate because they had many revisions of second quarter gdp until 28th of july the chinese did it in 16 days. that's something that bites a lot of you

no indications that there's any cause for concern. 12 hours left for this year's prime day and the cnbc had millions shopping by record levels at 4:00 a.m amazon devices, including its echo family and those fire tab let's are among the best seller. discounts range from 30% to 60% on the tablets but hundreds of thousands of deals on a very wide variety of goods. the latest products with very steep discounts and have already should out a 23 considerate gold plated watch, that's 95 of and then you've got to vr head set with a controller if you want it, too bad. it's already gone. four-point usb charger and also gone hays are been feely. the price of comparison side pride clag when he looked at the top ten deals. for smarters 40% of the deals were sold only on michel samson so that means you can't price compare on any other site. now 20% of the deals were actually cheaper elsewhere this is even after shipping and tax. the remaining 40% of the deals that he looked at amazon did in fact have the lowest price by avere of 18% now analysts have been expecting sales to grow by as much as 56% over

. >>> i like this song how do you like me now welcome to "squawk box" on cnbc. we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen. becky quick is off today she will be back tomorrow. we have green arrows, they just continue dow looks like it could open up 15 points. nasdaq up by 28 points the tech heavy nasdaq, we'll talk about what's going on in tech land. >> you're saying that as a joke, tech heavy nasdaq. >> we brought her in for some interviews she has to conduct today. thank god you're here. >> we have some news >> comcast is reporting and when you report on a company like comcast, there are many different things that people watch. not necessarily the bottom line number but let me give that to you any way. earnings per share, 52 cents that was up almost 27% year over year it was 3 cents ahead of expectations consolidated revenue grew 10%. 9.8% to 21$21.2 billion. that is above expectations of 20.855 consolidateded revenue was one of the things that people might look at, but maybe more so is ebita growth strong

. >>> good morning welcome back to "squawk box" here on cnbc live from the nasdaq marketsite in times square one of the stories front and center, janitorial services company co-owned by goldman sachs and thomas h. lee has been sold gca services will be bought by rival abm industries for 1.25 billion in cash and stock. it was just last year that goldman and thomas h. lee bought gca for an undisclosed amount. >> twitter has a new chief financial fficer senior vice president at financial software company intuit he will replace the interim cfo, in addition to duties as chief operating officer. >>> bankrupt retailer gymboree will close about 350 stores as part of restructuring plan that would still leave gymboree with a little over 900 stores. the company was taken private in 2010 but still saddled with much of the debt from that deal >> say it. >> i got through it. >> you're like a man without a country. here we make fun of you -- >> i'm not a man without a country. >> when you go they make fun of you for calling it a rest room and not a loo. >> correct i am always a british -- >> that tw

mug or that mug >> i'll take the cnbc mug. on this one, joel i like the cnbc -- >> is that $5? this sort of pashmina -- >> i brought this for melissa. you know, pineapples are hot >> they are. that's the latest trend? is that to replace the fidget spinner? >> a little kimono for you to keep you warm on the set >> i think andrew needs this >> as you were walking by him, he was like what am i chopped liver? >> you can share the pashmina. >> i already gave andrew a spinner. >> i want a spinner. i want the bigger spinner. give me that one >> did you only bring one of those? >> i've got another one right there. >> this is for you >> we brought a lot of fun things >> this is for you >> thanks, andrew. >> thank you >> seems like -- >> we like the children to have their toys >> so this was cool. >> all right >> can't eat any of this stuff i'm hungry you don't have any -- >> we brought candy, too we have a huge candy section >> cramer gets his candy from five below >> really? >> yeah. he always talks about it >> okay. >> they have the

jane wells covering it all for us today now it's time for a cnbc news updepot with sue herera.i again, sue. >> hi, kelly president trump traveling to the pentagon for briefings from his top military advisers. the status of u.s. forces around the world, including afghanistan the prime focus of that business he claimed the overall effort against isis is going well >>> washington police say they have received reports that two of the six burundi teen members gone missing after an international robotics have been seen crossing into the border in canada the whereabouts of the other members is known but foul play is not suspected. >>> construction work is under way in mosul aimed at repairing and rebuilding the city after nearly a decade -- a year of fighting between the iraqi army and isis thousands have been left homeless and schools have been flattened and highways turned into dirt roads. >>> overseas, prince william and wife kate visiting heidelberg, germany as part of their goodwill tour. they toured a cancer research laboratory before returning to the market square where they le

you're watching "squawk box" on cnbc you always pay your insurance on time.ne little bumper, and up go your rates. what good is having insurance if you get punished for using it? news flash: nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™ liberty mutual insurance. >>> welcome back to "squawk box. futures right now, the dow is up about 90 a quick check this morning up 83 now. 83, the s&p indicated up 8 and the nasdaq indicated up 16 >>> today marks the first trading day of the second half of the year. here's where the major averages stand so far in 2017 the dow is up 8% year-to-date. s&p 500 also up just about the same amount. nasdaq obviously the clear outperformer up by 14% in the first half as for seconder winners, tech is the best performer, rising more than 16% this year that's followed by health care, up 15% and consumer discretionary up 10%. that, by the way, is helped

cnbc's meg tirrell joins us with more you didn't write it.>> i definitely did not. >> you caused it, but you didn't write it and i didn't change it you could have gone in and helped me out, could you not >> i respect the authority of the amazing producers of the show >> oh, okay. >> i mean i would have -- >> they're like children, my god. >> there may be something familiar missing from commercial breaks this upcoming nfl season. >> ask your doctor about viagra. >> as for pfizer's erectile dysfunction drug viagra may disappear as the medicine approaches the end of its patent cliff. cheaper generic copies are soon expected to hit the market here depressing the branded's drugs's revenue. viagra hasn't aired a national tv ad since may 15th and the brand didn't participate in the upcoming season and that means big bucks. viagra was a top pharma brand for the nfl. pfizer told us it doesn't comment on future marketing plans for competitive convenients. viagra was a blockbuster drug for pfizer at its peak bringing in billions of dollars in sales. its

welcome to "worldwide exchange" on cnbc.'m sara eisen >> i'm wilfred frost good morning to you from me as well throwback thursday, taking you back with some of the best boy bands before >> we've done this before. this is a favorite can never get enough backstreet boys >> let's check in on global ral street the dow futures are up again this morning nicely. 19 points. s&p up 3 nasdaq futures are up 28 part of the story there, facebook shares rising to an all time high following better-than-expected earnings and revenues, driven by higher mobile ad sales. we'll talk to a facebook analyst in a few moments the initial gut reaction was to fall 3.5%, 4%, then it came back up to the flat line. and now looks set to open up almost 4%. another banner quarter 70% income growth. 40% revenue growth 2 billion users. the stats are unbelievable >> in contrast to alphabet earlier in the week. >> asian trade for you, mostly positive coming off the back of the dovishness of the fed yesterday. hang seng is up 0.7% leading the charge europe marke

." >>> good morning welcome to "squawk box" on cnbc. we're live from the nasdaq market site in times square. i'm melissa lee along with joe kernen, becky and andrew ross sorkin are off a check of u.s. equity futures and how we're poised to open this first full session of the week nasdaq lodown about 24 points s&p down about 1, dow jones up about 13 we have a mixed bag in europe. the dax and cac up marginally, the ftse, italy and spain down by a fraction of a percent crude oil, this is the one we've been watching very, very closely. we have wti down by 1.6% brent it down by 1.5%. this is quite a rebound from the lows back in june. we are up by 12% from june 21st lows so staggering move in just a short amount of time >>> weird. weird to see the dow so strong and the nasdaq so weak that's been happening more the nasdaq had been stronger on a relative basis -- >> then the rotation happened. >> i don't know what it means. maybe it's healthy this is scary and not healthy. maybe the meeting is good, but the reason for it frightening. the u.s.

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last week at cnbc we did bring you over to illinois they've been struggling. late last night, house makers proposed a budget they sent that over to the senate the state's first buget in two years. and it included $5 billion worth of tax increases that's been making a lot of news today. we've got one more shutdown on the horizon for new maine. this came on saturday late at night after governor and lawmakers from both political parties in that state failed to strike yet another agreement so some states services including the main state library and the public lottery system are also shut down all of this drama, what it is going to mean for cnbc's business scott cohen will bring us all that news and action on tuesday july 11th. i'm looking forward to seeing how this plays out john, back to you. >>> look on the bright site, new jersey, at least the bridges are still open this time i can say that because i live in new jersey meanwhile, tech finishing up a strong first half of the year. what's ahead for the next half our josh lipton is here at one market with that st

credit suisse ceo tidjane thiam tells cnbc the bank's restructuring plans have started to bear fruit. >> often people say, well, we focussed on the costs, not yet the revenues revenue is 9%, costs are 6%. that drives the operating leverage that you see in the numbers. and that will continue >>> barclays sees its first earnings hit by the divestment of its africa business, but the shares move higher as ceo jes staley tells cnbc the bank has turned a corner. >> we're now a clean bank and restructuring is over. we feel good about how the bank is positioned. we are free of all the legacy issues >>> adidas shares hit a record high after the german sportswear maker raises its full-year sales guidance ahead of next week's numbers. >>> shares of renault drive lower despite a 17% rise i first half revenue, as analysts raise concerns about the french automaker's levels of leverage >>> absolutely huge set of numbers out from the banking sector this week barclays has posted a 1.6 billion pound loss in the first half of the year, dragged down by costs associated with the sale of the bank's africa

american express open. >>> i'm sue herera here's your cnbc news update at this hour. as we have been telling you, nbc news reporting that white house press secretary sean spicer is resigning his position after he vehemently objected to the expected appointment of anthony scaramucci as the new white house communications director. there will be an open white house briefing at 2:00 p.m. eastern time and you can see it right here on cnbc we will carry it live. >>> amazon is trying to boost its catalog by telling tens of thousands of marketplace sellers in the u.s. that it will buy their inventory at full retail price and then sell them to consumers across the globe that's according to an e-mail sent to sellers and obtained by cnbc >>> samsung is expected to unveil its newest phone next month. the company has sent out the invites for an event on august 23rd that event will likely bring with it the galaxy note 8 phone which is expect ted to have a 63 inch screen and rear dual cameras. >>> a man in southern india played the guitar in the operating room to give doctors consta

in a first on cnbc we're joined by dunkin brands ceo nigel travis hello again, nigel. >> welcome back, sir. >> hey, kelly, bill, how you doing? >> lovely, thanks. i'm thinking about dunkin and how many stretches you've gone, quarters with declining traffic, and i'm wondering is it time to pull out all the stops and throw all of the technology and infrastructure at this and just say, all right we'll get to the product to consumers. this is a really difficult environment, right what can a chain like dunkin do to remain relevant as traffic drops? >> well, i think we're doing everything exactly right, kelly. you're right that the whole industry is under some pressure from changing demand, consumers are demand thing instantly they want it delivered. they want it in different forms. they are pressured for time, but i think we've positioned ourselves perfectly to respond to that. we've done it on the back of convenience. our drive-thrus are having record sales and building more drive-thrus up, 15% of new stores have drive-thrus compared to 75% years ago we've got our apps and curbside coming

as a business and if you and i were sitting on the set at cnbc and analyzing a company where the top executives kept coming and going, every couple of months, we would say, that company is in trouble or doesn't know what it's doing is it fair to look at d.c. that same way and say, this white house needs some order >> well, i think it is fair. you're past the six-month period, so, that -- >> they're not kids anymore. >> they're not kids anymore. sure, if you're looking at a corporation who can't hang on to its top executives, you would look askew at that and you wouldn't like it one bit >> but no corporation -- ultimately, this was a rookie team that took power and on some level, you had to expect welcome this isn't a partisan statement at all these are all people that wasn't been a position like this. you would have to expect there would be some attrition and churning within the ranks. >> well, i think that's right, and i think that's what's happening. and i guess the messenger was scaramucci that's what i find most interesting about this now you have to go back and take another look

welcome to "squawk box" on cnbc. we are live from nasdaq market site in times square take a look at the equity futures. we are looking at the dow futures. s & p futures are relatively flat dow futures up 16 points the s&p 500 and the dow finished at record closes once again. nasdaq up by 8.5 technology stocks are the reason we cited for recent gains. >>> overnight in asia, japan closed for holiday china reported economic growth 6.9% second quarter. that beat expectations factory output surged by 7.6% in june, fastest pace in three months retail sales topped expectations, rising 11% last month. the shanghai composite down 1.4% hang seng was up, and the kospi up >>> in europe, things are relatively flat. dax is down. and the cac is weaker. crude oil prices on a tear this morning it is up again with wti trading. >>> can i say hello to everybody. we haven't been all together awhile, kind of nice >> comfortable >> pair of loafers >> i'm wearing sneakers today. they're more comfortable than loafers. >> i don't feel like yo

on cnbc we actually try to have discussions. >> it's a lie.a lie. they're not losing coverage. >> all right this is just not the way to have this discussion. >> read the cbo report. >> jared, you're saying the word lose when it's a fact fewer peep will be added down the road. you know you're doing it. >> 20 million fewer people are not have coverage. >> it's a loaded point to say they're losing it, that you're yanking it, that's different than saying fewer people will be on it. >> no, it's not. it's saying if you didn't repeal the bill -- if you didn't repeal the bill, over 20 million will not have coverage. >> they're playing music, but to me these two voices at the same time is music for cable. jared -- >> he's distorting it. >> i'd love to come back and have a rational conversation about this with someone who's -- a much more fact-based discussion. >> we don't need any insults if you had the facts on your side you wouldn't be insulting me. >> we've got to go thank you both and maybe we will do it again because it was something anyway. >>> c

the media insider and cnbc

cnbc caught up with mr. dowd just a short time ago. >> would you like to comment for cnbc at all? >> get the [ bleep ] out of here. that's what i got for cnbc. >> that's what i got for cn -- that gentleman, john dowd is one of the lawyers who president trump has brought on in a personal capacity to represent him in the trump-russia investigations in washington. that was cnbc's coverage from after dowd's client, a hedge fund billionaire received the longest prison sentence ever handed down by any court in the united states for an insider trader conviction. that's what his client got. now that hedge fund guy's lawyer is on trump's russia team. but the captain of the team is a different lawyer, a lawyer named marc kazowitz who president trump brought to washington to lead his personal representation on all things russia. marc kazowitz is a little like michael cohen in that he's represented trump for years. represented him in the trump university fraud fiasco. where trump ended up paying out $25 million. he represented trump in an effort to keep secret to proceedings of one of the tru

. >>> good morning welcome to "squawk box" on cnbc.e are live from the nasdaq market site in times square. i'm becky quick along with joe kernen andrew is off today. our guest host is jason trener, chief investment strategist from strageis you slipped right in here. we like to keep people holding on until the end how are you doing? >> doing great how is the summer? >> pretty good friday in the sum e ready to go again. >> international paper no general foods? >> campbells soup. >> none of the -- alcoa? >> nike. >> no! >> yeah. >> nike! >> nike. >> nike is a dow component >> yeah. >> united health >> not goldman sachs >> not yet >> no. >> you tricked me. >> oh. i'm sorry. >> nike. >> nike, i can't believe visa i forgot. i don't like change. that's the problem this crespo guy, is he in charge no, the guy with the little bowtie >> blitzer >> glasses >> yeah. yeah we know him. >> we're getting old a look at the u.s. equity futures. u.s. equity futures at this point are indicated higher this comes after the s&p 500, nasdaq, the russell 2000

landon dowdy here with that in this morning's cnbc business news. why are people getting rid of their tvs? >>> good monday morning. the number of people paying for tv service has been declining for several years. that's not the only part of the industry that's shrinking. u.s. government data shows that actual tv sets are disappearing. the number of tvs in home has slipped. this decline comes amid the rise in streaming services and more people watching content on of course their laptop, tablet and their phone. quick check of your market. wall street is poised to start the week off on a positive note. inve investors get plenty of data. apple among the big names reporting results. tracey back over to you. >>> 5:25. hit by a stray bullet. following breaking news from overnight after a teen was shot when a bullet came flying into her house. >>> and governor versus ban. reason new jersey's leader got in a man's face at a baseball game. >>> starting off with temperatures in the 50s and 60s and like yesterday the humidity is nice and comfortable on the low

joining me on the panel is cnbc senior markets commentator michael santoli and evan newmark.me, guys. mike, we've had a lot to digest and the biggest week for earnings, 175 s&p companies. major news, both domestic politics, geopolitical with the north korea missile launch again today. >> yeah. >> and then this massive move lower on the dollar, and then the tech stuff over the last day or two. >> and it all washes over the market and basically kind of holds it steady which is kind of the surprising thing the market is allowing earnings to come through which both confirms the fact that we have a continued earnings rebound coming in roughly better than expected the way we always seem to think it's going, to but then the immediate response in the company's reporting has been net negative, if the overall index managed to hold up i think that's kind of a win by default. >> evan, what do you think >> very, very tenacious. i'm a little surprised actually. >> at how strong the market has been >> yeah. i mean, basically you've had -- you've had a lot of reasons for the market to sell o

it's time for our cnbc news update with sue herera sue? >> here's what's happening at this hour, everyone. >>> president trump is very likely to recertify iranian compliance with the iran nuclear agreement, although he continues to have reservations about it according to a senior u.s. official under u.s. law the state department must notify congress every 90 days on iran's compliance. >>> at his daily briefing house speaker paul ryan said donald trump jr. should testify before congress about the russia investigation if asked to do so. >> i think any witness who has been asked to testify before congress should testify. i'll leave that up to the witness and the senate to decide that, the committees anybody who is asked to testify to it the senate should do that. >> and talk about good fortune new kids on the block star donny wahlberg left a whopping $2,000 tip on an $82 bill for his waitress at the waffle house in charlotte, north carolina. he cited his family's involvement in the hoppity industry his mom waited tables and his dad was a bart

. >> ylan, thank you please don't go anywhere we also want to bring into this conversation cnbc economics reporter steve liesman, jeff cleveland and cnbc senior contributor larry kudlow so now we've got a debate. the fed sort of in between a rock and a hard place. wall street expects them to keep going with hiking ates, but we're not seeing a whole lot of inflation, and we saw that in the wage growth numbers. >> i agree 100%. by the way, more people working more hours does not cause inflation. that's a good thing, not a bad thing, all right prosperity does not cause inflation, so, therefore, i conclude and it was good jobs numbers the fed should restrain its restraint. they should go very, very slowly here. >> don't you think they will anyway >> i don't know. it's hard to know -- >> most economists are saying expect another hike. >> of course, expect another hike if you look at forward-locking market price indicators of inflation, gold, the dollar, commodity baskets, yield curves, spreads, i don't see any indications of inflation whatsoever inflation is too much money chasing too few good

i've been on cnbc 17 years >> he was in high school when you were on cnbc >> exactly and then he -- >ng off -- >> he took over -- >> come on back. >> jesse, thank you for joining us >> thanks so much for having me. >> i'm out >> jesse would always fit in >> i think so. i think so >> that's great. >> -- looking. >>> coming up -- >> jesse, thank you. >> the three big to fail, when we return the best states for business scott cohn ready to kick off our 11th annual report. check out futures at this hour moving around a little bit this morning. s&p 500 up just marginally back in a moment the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. a used car,g this information. read it carefully. the future isn't silver suits

. >>> here in istanbul, minister alexander novak tells cnbc the opec/nonopec deal is having an impact on oil markets and more could be done to cut supplies. >> translator: if necessary, we can extend the agreement if necessary, we can increase the amounts that need to be reduced, or on the contrary, we can move to reduce them, but everything will depend on the ongoing situation. >>> the white house defends donald trump jr.'s meeting with a russian lawyer last year as a new report suggests he knew the person offering compromising information on hillary clinton had russian government ties. >>> and open for business! we speak to a number of france's top executives at the europlus conference as the chairman tells us brexit will be a boom for paris. >> we have now plenty of the elements in order to convince the uk to reach institutions which want to come back on the continent to paris >>> well, it's a mixed bag for the european open just an hour after trading starts, resulting overall in the stoxx europe 600 being down by around one-fifth so far today let's have a look at how the individua

landon dowdy is here with details in cnbc business news. this hack targeted guests information. tell us more. >>> hi, tracey. yes. you're exactly right. trump hotels has confirmed reports several hotels have been hacked including trump at central park, chicago, las vegas, and d.c. most of the activity occurred between november and march with hackers reportedly accessing credit card numbers, names, addresses and phone numbers of guests as you mentioned who booked through third-party reservation system. third incident involving trump hotels since 2015. back over to you. >>> now let's talk about a children's clothing train going out of business. could mean good sales this summer. >> it could mean sales. it is kind of another thing we hear with the retailers just struggling. gymboree filed were bankruptcy last month. plans to sut about 350 stores. part of the restructuring. most of the stores targeted to close are gymboree. closing sales will begin on july 18. customers can check gymboree website for specific locations. also a quick check of markets. wall street. start the day highe

>>> good morning welcome to "squawk box" on cnbc. look at u.s. equity futures. dow opens off 34 points, nasdaq looking to open down after the weekend. 8 points in the s&p 500 off close to 4 points. in asia, show you what's going on while most have been sleeping hang seng up a bit if you look at european equities now, i want to say mixed picture, that's all on the down side ftse 100 off 1%. >>> breaking overnight, international monetary fund cutting u.s. economic growth forecast to 2.1% in 2017, down two-tenths percent from earlier estimates. they're trimming next year's growth outlook as well fiscal policy will be less expansionary than expected they expect fwrogrowth in china, japan. >>> happening now, opec and nonopec ministers gathered in russia to discuss global oil output speculation swirling they could ask libya and nigeria to join in on production cuts both those nations are exempt from a deal to cap output. we have much more on the meeting later in the show. not much movement in the energy markets. >>> in corporate news, kkr nearing a deal for web md. th