i'm melissa lee along with joe kernen let's check in on the s&p and the nasdaq poised for their best week in five weeks looking for a positive open across the board s&p opening up by 6 points. in asia, a mixed bag of economic data export s plunged in china, but imports grew more than expected. it's the first trade deficit since february of last year. the hang seng and shanghai were down slightly. the knee dnikkei rose by a half percent. the dax is higher by almost 0. 8%. the only lose tler r there is ts 100. the ten-year yield at 2.827% the 2s at 2.344%

joe kernen said the auto sales are tomorrow, the fed on wednesday and job sales on friday let's bringlavorgna. joe, are things as good right now as everybody thinks they could be >> yes, dominic. the reason is the sur view data. consumer confidence. the whole range of indicators has been very strong for some time they remain elevated and over time my view is they will reflect what we'll see in the harder data. yes, the outlook is very good. >> you got maybe optimum unemployment numbers at 4.1% low inflation. wages and salary, up 2.9%. the highest number we've seen in ten years. how big is inflation weighing? >> the fed believes low employment raises inflation. whether that translates to inflation is another issue my guess is we're going to see an increase in productivity growth oversiem, especially as companies invest that's not inflationary. the fed views it differently the market is a bit wore lid about the wage numbers i'm not worried. i think inflation will stay low and rates will stay low. >> if that doesn't worry you about the economy, what does worry you about the economy. it c

. >> that was president trump telling joe kernen that he would reenter the transpacific partnership if were different and better for america. the president now instructing his economic team including larry kudlow to look at rejoining that trade pact. let's talk about james comey and his forthcoming book let's get more from tracie potts. >> good morning. james comey's look has not even come out yet, but it is the buzz here in washington it's due out next week we already have excerpts from a higher loyalty where he's highly critical of president trump, not only his administration, comey's firing, but the president's character. in this book he says the president is untethered to the truth, unethical, ego driven he compares him to a mob boss. james comey, who was fired as fbi director, talks about his private meetings with the president before he was fired. that dinner where he reconfirms that the president asked for his loyalty. even before that the steeles doey that w steele dossier, and going to new york to brief the president-elect. he talks about john kelly, who was then homeland secu

i'm becky quick along with joe kernen and andrew ross sorkin.ow futures plunging overnight after president trump proposed an additional 1$100 billion in tariffs on chinese products. we'll get a report from washington in a employment first you can see the dow futures are down by almost 200

i'm becky quick along with joe kernen and mike santoli.ou will see a mixed picture this morning the dow is down by 14 points you can thank ibm for that the s&p 500 up by just over 4 points the nasdaq up by 17. ibm has a negative effect of over 50 points on the dow. without that the dow would be in positive territory again this comes after disappointing results last night for earnings. we'll talk more about that in a moment overnight in asia, stocks were higher china's gdp growing sharply, and the nikkei was up 1.4% the hang seng up 0.74% look at what's happening in european markets a mixed picture there. the dax is weaker. down by just 0.10% the cac is up by that much the ftse is up by 0.70%. check out treasury yields. this will be an interesting one to watch yesterday the two-year ten-year spread tightened up to the closest level they've seen since september of 2007. right now the ten-year is yielding 2.832%. >> more on all the markets that we follow so closely in a moment first we're getting new details into what may have caused that sou

i'm melissa lee along with joe kernen let's check in on the s&p and the nasdaq poised for their besteek in five weeks looking for a positive open across the board s&p opening up by 6 points. in asia, a mixed bag of economic data export s plunged in china, but imports grew more than expected. it's the first trade deficit since february of last year. the hang seng and shanghai were down slightly. the knee dnikkei rose by a half percent. the dax is higher by almost 0. 8%. the only lose tler r there is ts 100. the ten-year yield at 2.827% the 2s at 2.344% president trump tweeting last night that he would be willing to rejoin the tpp deal if the terms were right he said would only join tpp if the deal were substantially better than the deal offered to president obama. we already have bilateral deals with 6 of the 11 nations in that tpp, and we are working to make a deal with the biggest of those nations, japan who has hit us hard on trade for years. president trump told me the basical basically same thing in davos. >> are you opening the door tpp? >> we would only do tpp if it was a subst

i'm joe kernen along with andrew ross sorkin and melissa lee.3 now on the dow. you can see the s&p regaining from that late selloff yesterday. about 36 points. the nasdaq up 110. there's three big stories that we're watching this hour first, chinese president xi jingping's speech. that's number one which was -- had to be seen as somewhat conciliatory did not ramp up the rhetoric the second, the fbi raid of the home and office of president trump's longtime lawyer michael cohen. finally, mark zuckerberg is on capitol hill this morning. those are the top three. >>> let's start with the china story. jingping vowed to open the economy, lower tariffs he also criticized isolationism. the message wasn't new but it was the first time the president has reiterated the commitment to open trade soon after the speech, china filed the complaint against u.s. steel and aluminum tariffs beijing says they violate international trade rules. they have requested 60 days of consultations with the u.s. to reach a resolution after which china could request is ruling fro

i'm becky quick along with joe kernen and andrew ross sorkin. the u.s. equity futures are high dow futures look like they would open up by about 135 points if we were to open now. s&p futures up by over 13 and nasdaq by over 50. this continues the strength that we saw at the end of last week we'll see what happens right now green arrows across the board. nikkei and the snap a niece market closed for a japanese holiday. trading taking place there are green arrows across the board. modest advances. nothing like the shanghai composite. the ftse is the biggest gainer of the averages there. >>> then if you take a look at treasury yields, this was the big story. the ten year pushed above 3% we closed below that with the yield sitting at 2.966%. >>> big corporate news big merger after years of court ship we finally have a deal that's going to create the third biggest wireless t-mobile is buying sprint, an all stock deal that would value sprint at about $26 billion. they're calling it a merger. the new team will be led by john legere it will take t-mobile name t

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures. mixed picture. dow futures down by 43 points. s&p up by 3.5. look at this, the nasdaq up by 90 points after the nasdaq was up by 1.6% yesterday the dow and s&p were up by more than 1% yesterday. we'll see what happens we have a lot of earnings to talk about look at what happened overnight in asia. this meeting in korea between the two koreas is something historic they have done something that's been watched across many asian markets you will see green arrows. the nikkei up by 0.6%. hang seng up by 0.9. shanghai closed up by 0.23%. in europe you can see that the dax is higher. it's up by 0.6%. ftse up by about that much the cac up by 0.2% stocks are weaker in italy, up in spain check out treasury yields. this morning the yield is at 2.968% >> the leaders of north korea and south korea signed a declaration within the agreeing to work for the complete denuclearization of the korean peninsula and to jointly reduce the risk of war apparently the two gentlemen were standing on each side of

i'm becky quick along with joe kernen and andrew ross sorkin.his morning is reddit cofounder alexis ohanian. it's great to have you here. we've got a lot of news. i owe brian sullivan coffee because of losing the bet. markets at this hour are mixed the dow's come back. it's down 50 points when we started the show at this point, down five points. s&p futures are higher they're up about 1.75 points we'll see how things head as we get closer to the opening bell let's get you caught up on headlines. hasbro missing on both the top and bottom lines the results impacted by the bankruptcy of toys r us. hasbro earned 10 cents a share for the first quarter compared to the estimate of 33 cents. street had to know about toys r us, but they did not bring their estimates down nearly enough they're also talking about revenue coming in below forecast the stock is off almost 5%. >>> a buyout deal in the energy sector center, point buys vectren that puts the value at about $6 billion. >>> and we're keeping a close watch on the 10-year treasury yield this morning

. >>> good morning welcome back to "squawk box" on cnbc i'm andrew ross sorkin joe kernen is back kellythe day off. as joe mentioned, big news, china announcing retaliatory tariffs this morning details released around 4:00 a.m. eastern time. more on this in a minute first look at the response in the markets. we are taking a tumble in the futures. u.s. equity futures dropping 300 points on the news let's see the dow, opening up closer to 460 points down. the s&p 500 off about 38

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen we are coming to you liverom capitol hill in washington on tax day. we have a big lineup of guests directly responsible for allocating your tax dollars. >> like who? >> including house speaker paul ryan, kevin mccarthy, senator david perdue, treasury secretary steven mnuchin >> stop. stop more >> are more. mick mulvaney, kevin brady >> and we'll start with this -- >> we were in the rotunda before the echo it went up and down. >> we were in the rayburn building >> is that where that was? >> across the street >> nothing like that that's a -- i would like to take that home with me. i would need a truck amazing. beautiful. any way. let's look at the markets. look at that father of our country. he was something brave. never told a lie >> never told a lie. contrast that. let's not go there u.s. equity futures at this hour are showing triple digit gains, up 150 points. >> you said it >> i did i got accused of that yesterday by someone up 150 is pretty good. netflix is not hurting nasdaq up about 57 overnight in asia,

i'm joe kernen along with andrew ross sorkin.a lee becky is off today the futures right now are bouncing a little bit. we were down 500 on friday we were 700 down on the lows now 200. you were jonesing for 200, andrew there it is. we'll see by the end of the day. i have no idea do you could be up 800 or down 800. >> it's like buying a lottery ticket >> maybe a little better than that you're doomed with that, andrew. zero chance. you might as well, you know, you're going to get struck by a piece of that space station. where was it south pacific, right >> that's a lot of water >> you were inside >> you stayed inside >> yeah. >> in doorways because you have a chance >> a bathtub let's get you caught up on today's top stories. it is all about facebook this morning. the social media company suspending another data analytics firm this after cnbc discovered it was using tactics just like cambridge analytica. cubeyou is the name of the company. used personality quizzes labeled for nonprofit academic research. guess what it was using it t

. >>> good morning welcome to "squawk box" right here on cnbc i'm andrew ross sorkin joe kernen, melissa off this week take a look at u.s. equity futures. see how things are setting themselves up over the weekend we've had kind of a busy weekend. masters. >> masters. >> syria trump and syria and we have mr. zuckerberg tomorrow. a little bit of theater in washington dow looks like it's going to open up 186 points higher, s&p 500 up 19 points and nasdaq 68 points overnight in asia while most people at least on this side of the worl

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen we are coming to you liven washington on tax day. we have a big lineup of guests directly responsible for allocating your tax dollars. >> like who? >> including house speaker paul ryan, kevin mccarthy, senator david perdue, treasury secretary steven mnuchin >> stop. stop more >> are more. mick mulvaney,

i'm becky quick along with joe kernen and andrew ross sorkin is back welcome back. >> how much did you a lot you look tan. >> no thank you because you don't want to look technician. >> you want a little bit of a healthy glow you don't want to be burned or brown. >> he was looking a little rn

we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen.with us today. >> what a treat to be here >> zuck nation the last two days we will talk about mr. zuckerberg in a bit. u.s. equity futures, the dow looking like it would open up higher after a couple mornings where things were a roller coaster. dow up about 28 points nasdaq 12 points higher. s&p looking to open about 3 points higher.

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures.hour it looks like there are modest declines dow futures down by 30 points. s&p off by 1.5 nasdaq down by 17. this comes after a day where the dow was down by 83 points. s&p was off by a half percentage point. the nasdaq was off by three quarters of a percent. not massive losses, but they were -- the biggest losses we've seen for the s&p 500 and the nasdaq

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures.icture. dow futures down by 43 points. s&p up by 3.5. look at this, the nasdaq up by 90 points after th

on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernenu the markets now show you how things are setting themselves up. not in a good way. dow would open off about 117 points nasdaq looking to open off 32 points s&p 500 looking to open off about 15 points. let's show you what's happened overnight in asia as we flip the board

"squawk box" here on cnbc we're live at the nasdaq market site i'm andrew ross sorkin here with joe kernene. dow futures are soaring following yesterday's late session selloff. we'll talk about what happened yesterday afternoon. this morning president xi making some meants that are leavie leah market higher. nasdaq is up 117 points. s&p 500 looking to open up about 35 points higher let's show you what happened in asia you are looking at green arrows across the board with the hang seng and the shangha

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures.it of a pullback in the markets. only the slightest one for the dow. you did see the s&p 500 and nasdaq slightly higher mixed day. you can see that same story carrying out this morning in reverse. dow futures higher, up by 12 points s&p seeing a slight pullback of 1.5 points same story for the nasdaq. we'll see as we continue to get earnings in how this shapes i. look overnight in asia looks like the nikkei was up, just slightly. up by

i'm becky quick along with joe kernen and mike santoli.mixed picture this morning the dow is down by 14 points you can thank ibm for that the s&p 500 up by just over 4 points the nasdaq up by 17. ibm has a negative effect of over 50 points on the dow. without that the dow would be in positive territory again this comes after disappointing results last night for earnings. we'll talk more about that in a moment overnight in asia, stocks were higher china's gdp growing sharply, and the nikkei was up

. >>> good morning welcome back to "squawk box" on cnbc i'm andrew ross sorkin joe kernen is back kellyvans is here. becky has the day off. as joe mentioned, big news, china announcing retaliatory tariffs this morning details released around 4:00 a.m. eastern time. more on this in a minute first look at the response in the markets. we are taking a tumble in the futures. u.s. equity futures dropping 300 points on the news let's see the dow, opening up closer to 460 points down. the s&p 500 off about 38 points. the nasdaq looking to open down about 119 points let's show you what's happening overnight in asia. i wish we could show a chart so you could see the move hang seng off about 2% let's see how markets are reacting over 1% already in germany treasury yields, 10-year and 30-year. 10-year, 2.763 30-year, if you want to buy a fixed mortgage, it's available, starts with a 3 handle joe, let's get back to what's going on >> joining us is jack caffrey from jpmorgan morgan private bank steven rucitto from mizuho security jack, we want to talk stocks at this point we were expecting volatility

on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen, kelly evans hanging out today. let's show you the markets now show you how things are setting themselves up. not in a good way. dow would open off about 117 points nasdaq looking to open off 32 points s&p 500 looking to open off about 15 points. let's show you what's happened overnight in asia as we flip the board around you're looking at red arrow in japan. but green arrows on the hang seng and the shanghai composite. let's show you european equities treasury yields as we get ready to talk about some big news making headlines you're looking at the ten-year note, 2.795. >> just pinned up there. 2.8% here are the big stories the head of the imf out with a warning on trade christine lagarde says the entire global system is at risk as the u.s. and china go head to head over trade. she urged governments to steer clear of protectionism of all forms. >>> we're watching crude prices after a 3% jump during yesterday's session. that was overshadowed by mark zuckerberg's apeernls pearance hill

>> good morning, everybody welcome back to "squawk box" here on cnbc i'm becky quick along with joe kernen u.s. equity futures have been sharply higher we've been watching the market up dow futures looking to open by 172 points s&p futures up by 18 and nasdaq by 48. >>> the resignation of founder martin sorrell sorrell says an investigation into an allegation of misconduct was putting too much strain on the company. we will have more on his departure from wpp and what he might try to do next as well that's coming up in a few minutes. >>> starbucks ceo kevin johnson has issued an apology following an incident involving two black men. johnson called the incident reprehensible and said he would meet with the two men to apologize. >>> and the government is going to be out with its look at march retail sales in a little less than 90 minutes. economists expect a rise of 0.3% bouncing back from a slight decline back in february >>> bank of america out with earnings just a short time ago wilfred frost is here again to bring us more insight. hi, wilf >> hi, joe as we said earlier, it's a beat but n

you can minimize it, i think the commerce secretary was on with joe kernen of cnbc, minimizing, it is a, not a big issue. fine. smoot-hawley was small percent of everything. one thing led to another. i don't want to sound like an alarmist, but i'm alarmed! >> it is threat to emerging what is a wonderful growth story and coming out deregulation and tax cuts, getting so much good news out of the economy and jobs and manufacturing sector of the economy. you're hoping that the president still looks at the stock market as a barometer of his performance. every day giving him clear signals. trade wars, bad for growth. neil: not that should be barometer, if it is not liking what you're doing since, maybe you're divorced yourself from that, maybe you will not talk about, this is unraveling very things you did to get the stocks moving. >> i think the big concerns are he has been remarkably faithful pursuing the agenda he campaigned on. unfortunately that is part of the agenda. to your question this is one issue where he has been consistent personally for a very long time. so i think -- neil: yo

. >> he used it yesterday, too >> joe kernen picked it up he used artificial intelligence.musk said -- >> does elon musk continue to worry about a.i., eventually making robot armies. we'll be nothing, but slaves. >> how about how his stock has done since everyone decided that it was the greatest short ever >> in terms of dollar short interest it's now surpassed apple if i'm not mistaken. i saw that from s-3 yesterday. >> given the difference in market cap that's saying something. >> i'm not recommending anything, but that's incredible. >> they said that they're not going to do -- >> i know, but when they do another offering >> she -- when they do another offering >> there would be no offering. >> now they're going back and forth with the ntsb about whether or not they should be able to disclose the model x crash. >> they're a promotional company and that does annoy people >> we touched on delta, but they did beat cost per asm and you mentioned 20% fuel cost and how much are you worried about that and not to mention another story about emirates not being able to find enough

i'm becky quick along with joe kernen and andrew ross sorkin. as joe mentioned, the dow futures plunging overnight after president trump proposed an additional 1$100 billion in tariffs on chinese products. we'll get a report from washington in a employment first you can see the dow futures are down by almost 200 points, last night down by almost 400 points. s&p futures are down by 17 points the nasdaq down by 46 points overnight in asia, shanghai was closed for a public holiday. if you see what happened with the nikkei, down by a third of a percentage point the hang seng closed up by just over 1.1%. in europe, you will see they're not nearly as affected by this talk this is a china/u.s. situation that's really percolating. you still see red arrows with the dax and cac off by a half percentage point and more moderate declines in london. let's look at the treasury yields the ten-year picking up above 2 2.8% right now at 2.82% part of the retaliation that could come from the chinese might be to stop buying u.s. treasuries at a time when we're issuin

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures. yesterday there was a bit of a pullback in the markets. only the slightest one for the dow. you did see the s&p 500 and nasdaq slightly higher mixed day. you can see that same story carrying out this morning in reverse. dow futures higher, up by 12 points s&p seeing a slight pullback of 1.5 points same story for the nasdaq. we'll see as we continue to get earnings in how this shapes i. look overnight in asia looks like the nikkei was up, just slightly. up by 0.10%. na hang seng up by 1.4% shanghai up by 0.85% right now in some early trading in europe, slightly higher stocks for most of these markets. the dax is the one exception, down by 0.10%. stocks higher in france, london, italy and spain. let's check out treasury yields. up across the curve yesterday, yields across the board were higher the ten-year yielding 2.89%. >> oil is crazy. we'll talk about that in a second 69 when it gets high, it can never be low again because how could it be? when it's low, it's like it's never going h

we're live at the nasdaq market site in times square i'm andrew ross sorkin along with joe kernen.ayla tausche is hanging out with us today. >> what a treat to be here >> zuck nation the last two days we will talk about mr. zuckerberg in a bit. u.s. equity futures, the dow looking like it would open up higher after a couple mornings where things were a roller coaster. dow up about 28 points nasdaq 12 points higher. s&p looking to open about 3 points higher. let's flip the board around. >> you love saying that. >> i was sort of waiting >> i know. >> remember when mr. wolf used to say on cbs, let's go to the videotape. he didn't have to say let's go to the videotape, it was implied. >> was a good segue. got you a little time. >> it does buy you time. >> it benefits from the sorkin fair value >> thank you >> they don't have that other places by the end of the day, the futures mean so much those early ones, you make sure you get that fair value in there. >> we have a bit of a mixed picture in europe. treasury yields now. ten-year note, looking at 2.784. >> we're watching prices of crud

i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures.ou will see at this hour it looks like there are modest declines dow futures down by 30 points. s&p off by 1.5 nasdaq down by 17. this comes after a day where the dow was down by 83 points. s&p was off by a half percentage point. the nasdaq was off by three quarters of a percent. not massive losses, but they were -- the biggest losses we've seen for the s&p 500 and the nasdaq we are still on track at this point to end higher for the week as you saw yields picking up yesterday. this caused some concern we'll look at where those treasury yields are in a moment. look at what happened overnight in asia with stock prices down across the board nikkei was off by 0.1% the hang seng was down by close to 1%. the shanghai was off by 1.5% then you see what's happening in europe this morning with some of the early trading. at this hour it looks like there's some advances. the dax is barely positive it's up, though. the cac is up by 0.37%. thre and yields spooked some people, as yields go up, it mak

welcome back to "squawk box" here live on cnbc from the nasdaq market site in "squawk" square i'm joe concern kernenow that, 9970 on the dow up 15 on the s&p and the nasdaq. very strong. up 61 points after snap back wednesday. is there something with a w? >> whack ki wednesday. >> wild wednesday. >> those are all good. >> federations all right, we'll show you what else is happening at this hour cash is being pulled out at a rapid pace the "wall street journal" reports most investors at pershing square asked for their money back about two-thirds of the cash eligible to be withdrawn at the end of last year was, in fact, pulled out youtube is increasing security at its offices world wide. this move comes after a shooting at the company's headquarters on tuesday, when a woman shot two people before sill i killing herself. shelves mad at the company and claimed her videos on youtube were censored. one big mover is caught. shares of the home goods retailer dropping sharply after reporting quarterly results and earnings that came in above expectations it was the revenue line, though, that fell short of for

. >> i'm going to wait for joe to return tomorrow so he can gloat but i believe both of us happened to do better in the pool -- >> really? >> -- than mr. kernence my bracket got busted so early. >> joe made such a big deal of this pool. we all had to play in this pool rather than how he looked up all of this stuff. i think he came in like number 40 in the pool >> i can't gloat because i haven't looked. >> number nine today. >> way to go. >> in the 20s? >> all right i'll take it >> anyway, i'd say gloat again tomorrow when he's back. in the meantime -- i don't think gloating is necessary. >> you're still doing it right now. >> sure it is. >> back to the markets right now and another down day for the major averages with the dow and s&p 500 and nasdaq all in correction territory joining us right now trying to figure out what the heck to do, darryl kronk the chief investment officer at wells fargo investment management group and john fargo is at huntington bank and mike ryan chief investment officer at ubs. it sounds like a generic question on a day like today it is the question you wake up, saw what happened yesterday and do what about it >> fir