i'll ask andrew ross sorkin author of "too big to fail" if it could happen again. plus elizabeth warren likely gearing up for her run. an in-depth investigation into whether warren parlayed her claims to a native american heritage to advance her career. i'll ask the report hear what they found. they tweeted they boycotted the festival because steve bannon was invited. he was abruptly disinvited. what does this say about the state of free speech? we said we'd never forget, we clearly have. but first, what kind of a week was it? it was one so packed with news that when exwhosive excerpts leaked from the new book of the president by our journalists, it was a one-day story. bob woodward called the state attorney retarded and the chief check adviser had to swipe ill conceived plans from his deck. all that was relegated to page two, after a senior administration official published a critique of the president in the "new york times" under an anonymous by-line that ignited a debate about the president's fitness for office and the propriety of a staffer choosing to write in

andrew ross sorkin is here with a preview. >> hey, how are you?have a big show ahead. we have a couple people you have to know about today. there's a lot going on we are chit-chatting while you were chit-chatting mick mulvaney will be with us. we have our guest host, maggie a number of ceos the ceo of hershey on deck the ceo of docusign and a lot more there will be an overhang of all the news we're not -- not business news, but other news going on today i don't know what that is. >> what's going on >> i don't know. a lot of business news >> a lot of news out there >> i don't know what that's about. >> andrew ross sorkin, thank you. >>> happy birthday, google the company formerly known as back rub turns 21 years old. in its honor they're celebrating with a google doodle. it highlights some popular search terms in google history that including y2k, pluto's planetary downgrade and the royal wedding. >>> one stock to watch today is bed bath & beyond. that will be not a good stock. not good for investors that stock falling as much as 15% in extended ho

i'm becky quick along with joe kernen andrew ross sorkin reporting live from washington today on theancial crisis you have been pulling this together you're the man who wrote "too big to fail" and you have this huge program no, i don't it's pretty amazing what we've seen >> thanks. we have a big lineup today on qua "squawk" and then "squawk on the street."

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i will be back with andrew ross sorkin in a moment. this is an insurance commercial. but let's be honest, nobody likes dealing with insurance. which is why esurance hired me, dennis quaid, as their spokesperson because apparently, i'm highly likable. see, they know it's confusing. i literally have no idea what i'm getting, dennis quaid. that's why they're making it simple, man in cafe. and more affordable. thank you, dennis quaid. you're welcome. that's a prop apple. i'd tell you more, but i only have 30 seconds. so here's a dramatic shot of their tagline so you'll remember it. esurance. it's surprisingly painless. >>> here we are ten years after the collapse of lehman precipitated the global financial crisis. we haven't had a crisis since, which means according to some observers we're overdue for one. the question is where will it come from and what is likely to start this new financial fire. i've asked two great minds in financial journalism to come together to look into the future. andrew ross sorkin is an editor and columnist at the "new york times" and author of

watch our cnbc documentary crisis on wall street, the week that shook the world andrew ross sorkin willchair ben bernanke, tight and hank paulson who we have seen the last couple days there was kind of sense of we shouldn't let -- let's punish the bad guy s. i think the punishment didn't fit the crime. no one went to jail but what happened is the system really almost broke systemic risk and i think that these guys really know where the bodies are buried i hope they talk about that. >> we'll see what andrew can uncover with them when he talks to them later on this morning. dow is up 25 we'll get stock trading with jim in just a couple minutes in just a couple minutes don't go away. atta, boy. & yes, some people assign genders to machines. & with edge-to-edge intelligence, you'll know your customers love this color, & don't love this one. never getting grape again. & you can adjust in near real time. & if someone tries to breach your firewall in london & you start to panic... don't. you've got allies on the outside, & security algorithms on the inside. & if it's jammed up here, & it's hot

talking specifically about aig tuesday and the reaction to that in a panel discussion with our andrew ross sorkin of andrew's document carry that arizoirs tonight at 0 p.m. eastern joining us tonight is brad, cfo of lehman, currently an adjunct professor of finance it's good to have you back it's been a while. >> thank you thank you for having me. >> thoughts on what you heard today and some of it was me mea culpas in terms of getting if not the policy response wrong, the politics surrounding it wrong. >> that's a question good way to put it they talked about some of the stuff that the macro economists have already talked about, we needed more stimulus could you have gotten that out of government? that's a debate. the other issue is we should have helped the average american more whether that would have actually done anything to improve it, it certainly would have put a better gloss on the entire thing because let's face it, right now the average american still believes that this was saving wall street, not saving the financial -- the capital markets. >> which of course begs the question and we d

andrew ross sorkin, will you or will you not be mentioning the word federal reserve >> we should havee of not mentioning facebook. >> does it count if we say fed >> i'm sorry bhashgs was thwhat was that >> can we make references without using the word federal reserve? >> we have eric cantor coming up, we will have one of the s.e.c. commissioners, robert jackson. we have the ceo of verizon we'll talk about what took place over the weekend as well as the global poverty initiative. that's why he will be on big concert over the weekend and the ceo of surveymonkey will be with us we'll have a conversation ahead of the opening bell. that's coming up on "squawk. >> we'll play drinking federal reserve with coffee, though. >> could you say just fed? refer to it as the bernank, remember that? >> the bear animation. andrew, thank you very much. >>> now to your morning rbi. today it's all about what many of you probably already will, an american shopper because you note american economy is humming along did you know this consumer confidence is at the highest level it's been in 18 years. look at t

andrew ross sorkin joins us from new york with what is on deck. news. >> i think the top of the news in terms of equities is facebook the founders, of course, of instagram deciding to leave late last night what that news really means. some will say it's a coincidence with some of the problems plaguing that company. but i'm not sure investors will take it that way if you look at premarket trading now, that company is under pressure >> becky has a big interview with melinda gates in a bit. that's in the 8:00 hour. we have congresswoman warren davidson we will talk blockchain with her. we will talk trade we're on a market alert after the market took a dive yesterday. we'll talk about that. joe is laughing. it's not really a dive at all. >> you said you weren't going to say it >> warren davidson -- >> congressman -- say congresswoman? geez it's early we have a lot going on stay right here for more gaffes from me and other things >> guaranteed. >> do not -- listen, tuesday is the worst day of the week in my opinion. >> thank you, brian. a little sympat

andrew ross sorkin sat down with then new york fed president timothy geithner and asked what would haveequences of a complete economic meltdown. >> hank paulson said at the time that week in september we were three days away from atms not working. that would have been bread line across the country for a generatio generation >> did you feel that at the time >> yeah, the balance of terror what did that feel like in the moment >> was a crushing burden of responsibility i think the hardest thing was just trying to figure out what we could do. what was possible within the constraints we had >> was there a moment at which you thought it wasn't going to work >> i think there are two scary moments. the first was those weeks around lehman weekend, before we had the tools we needed to break the panic and fix what was broken and prevent a great depression that period up until when t.a.r.p. was passed on columbus day weekend, we were managing with duct tape and string. we had limited tools that was terrifying. we felt we were at the enl of collaps edge of collapse greenspan wrote the size of the sh

i'm becky quick along with joe kernen andrew ross sorkin reporting live from washington today on theenth anniversary of the financial crisis you have been pulling this together you're the man who wrote "too big to fail" and you have this huge program no, i don't it's pretty amazing what we've seen >> thanks. we have a big lineup today on qua "squawk" and then "squawk on the street." roger cohen will join us at k 6:30 the lawyer, if you will between going between dick fuld, lloyd blankfe blankfein. then we will talk to former senator chris dodd he will talk about the banking regulations that bear his name i'll also be joined by mick mulvaney, acting director of the bureau of consumer protection. lots of questions for him. it's all leading up to tonight's premiere "cry visisis on wall s: the week that shook the world. that airs at 10:00 p.m on "squawk on the street" we will have a live interview with the three key players in the midst of the crisis, hank paulson, ben bernanke, and tim geithner a big day ahead. >> you're so steeped in this, in everything that happened were there with th

andrew ross sorkin spoke with them today. >> ten years after the financial crisis today we sat down with hanke paulds, tim geithner and ben bernanke, three men center of the storm. we talked about policy making and the policies that may have led to the crisis and those that rescued us. one of the things all three men talked about was theifficulty they felt they had communicating to the public what they were tryi to do. re is what mr. paulson had to say. >> it is very, very hard to explain that -- that the system was so complex, so interconnected that we had to go to the source. and wall street was -- was like the heart. and we had to stop- what with he had to go to the heart, the source to stop the otbleeding. rwise it was going to kill the economy. and what we were doing is puing the tarp, the things we didik was a tourenket. but it's hart to explain that nance is the life bloo of the economy. >> one of the other issues debated was the o rise pop lymph after the crisis. >> financial crisis didn't help. we know historically financial crises do precede populist politics but people have be

andrew ross sorkin sat down with those who tried to save the back and its ceo dick fold only to see the last chance slip away in a new documentary slip away premiering tonight on cnbc. >> they collected us all and said the barclays deal had fallen through and we should all prepare for a lehman bankruptcy later in the day. >> you've got a group of ceos and leaders in government, and they all wanted to know why, what happened? and that was the place to start, but right away how do you switch on to saying where do we go next >> in many ways it alleviated us how to figure out could we take on those assets? no one said oh, [ bleep ] and no one said thank god they just said next play. >> for some people a sense of relief. >> at least in my case it was. >> there is no sense of relief for paulson. >> i remember stepping out of the room, calling my wife, just telling her, wendy, i'm afraid that this is something very bad. i don't know how bad it is, but i feel like i failed, and pray for me and she -- she went to this first from second timothy which has meant to a lot of us god has not given us

together at the brooking institution for discussion with "new york times" financial columnist andrew ross sorkin, author of too big to fail. >> ladies and gentlemen,, good morning and welcome to the brookings institution. my name is john allen and i'm the president of brookings and unlike to welcome each of you here today for a very important event hosted by our hutchens center for fiscal and monetary policy. the hutchens centers mission of improving quality fiscal and monetary policies as well as educating the public on the same is one where given up out of here at brookings. i want to thank you all for joining us today and to welcome those who are come in by webcast and, of course, to offer a very warm brookings welcome to the media. the upcoming discussion with the guidance of tim geithner and hank paulson and oure, own distinguished fellow ben bernanke, the hutchens center has teamed with the yale program on financial stability to undertake an important task. the aim of this project which were highlighted and an all-day conference yesterday is to askwh key individuals who were in the governm

i'm becky quick along with joe kernen and andrew ross sorkin.ted down by 41 points s&p futures off by 4 nasdaq off by 18 it comes after a strong week for the markets last week. you have some concerns circulating about what's going to happen with the trade talks from china talk of tariffs on an additional $200 billion goods being considered this week by the administration. we'll talk more about that in a moment again, red arrows today but nothing drastic just yet overnight in asia, japan's

andrew ross sorg row sorkin spot on. >> my general sense you know, we didn't anticipate the full -- weus had various concerns about the financial system about the economy. none ever us anticipated the full ramifications and extent of the crisis and so in that respect we were late we then responded very aggressively. >> not so fast on the aggressively yes, they did respond very aggressively but at that point you have no choice it's when you choose to go to battle you do it all in. you're either all in or all out. they had to act aggressively to throw it in there there was no choice but to do what they did. my problem with them is not what they did it's the duration with which they did it way too long in my upon. >> roll the tape. >> we were successful in stabilizing the financial system and there was paper here yesterday about comparing how quickly it happened at what cost how quickly the economy recovered and generally speaking we looked good compared to other advanced economies other countries that had crisis in the past i think where we didn't succeed obviously. and tim already allud

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures.esterday we saw a rare pull dak f pull back for the markets. this morning green arrows across the board once again dow futures indicated up by 52 points s&p up by 4. nasdaq up by 8 points. then let's look at what happened overnight in asia. you should have a couple major markets closed on monday the nikkei came out and ended up by a third of a percentage point. you did see the hang seng down 1.6% the shanghai off by a half percent. looking at what's happening in the early trading in europe, you will see green arrows across the board. major averages, like the ftse up by a quarter percent so is the dax in germany check out treasury yields which have been steadily moving higher looks like this morning the ten-year is yielding above 3.1%. >> our top corporate story, instagram's cofounders have resigned overnight from the photo sharing app, considered the company's crown jewel. their departure comes less than six months after whatsapp's co-founder left. they did not give a specific reason f

i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s.futures under a little pressure. dow futures are down by 65 points last week it was up 2.3% s&p had a strong week. now it's indicated down by 7 points the nasdaq indicated down by 41. it was weaker. it was down by .3 of a percent this is all coming on the day that the trade tariffs actually kick into effect $200 billion in tariffs placed on chinese goods $60 billion placed on u.s. manufacturing goods. talk more about this in a little bit. again, this is something the market has really shrugged off at this point. overnight in asia, markets in japan and shanghai were closed for what's called the holidays the hang seng was down by 1.6% in europe where you do see some early trading for all of these things, you're going to see across the board red arrows. looks like the biggest decliner is italy down .8 of a percent. the major in three major markets of france, germany and england are down anywhere from 1/4 to 1/3 of a percentage point treasury yields which ended firmly for the ten year, the

i'm becky quick along with joe kernen and andrew ross sorkin. our guest host is joe terranovt, a cnbc contributor and a frequent guest here. good to see you. >> good morning. >> we have a lot to talk about let's start off what's happening with the u.s. equity futures yesterday markets were higher. this morning things are relatively flat. dow indicated down by 8 points s&p off by 1.5 s&p off also the nikkei closed higher by 1.36%. 24,120 hang seng up by a quarter percentage point and the shanghai up by 1%. red arrows across the board in europe the dax down by three quarters of a percent but then look at italy, down by 3.1% spain off by 1%. finally treasury yields closed out at 3.05% the ten-year yield lower this morning at 3.037%. >>> our top corporate story, the securities and exchange commission charging elon musk with fraud leslie picker has all the details. >> reporter: the s.e.c. alleges that musk made false and misleading tweets when he said he was taking tesla private at $420 and funding was secured the s.e.c. says investors who purchased

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.quity futures. things were shaping up to look like a mixed picture earlier that's the case now. the s&p up by less than a point. dow down by 4. the nasdaq off by 11 this comes after yesterday's declines in the markets even though we did see some gains in equities after the fed's decision and hearing some of those comments we'll continue to watch this the s&p is now in danger of closing negative for the month of september if we continue on these trends dow has been down for three sessions in a row but still on a positive track for september >>> overnight in asia, you will see the nikkei was down by a percent. hang seng off by a third of a percentage point in europe, where we are seeing some trading in the liearly hou, the ftse is flat most other markets are down. dax is down along with cac and check out treasury yields, we saw a pullback in some of the yields looks like the ten-year note is still above 3%, but trading at 3.044%. >>> we have a developing story in the energy market reuter

andrew ross sorkin, thank you very much.t now and the cnbc documentary "crisis on wall street" premieres tonight at 10:00 p.m. eastern. kristen, stay with us. >>> just because donald trump says something doesn't mean it's a bad idea. that's the take from astro physicist about president trump's calls for a space force branch of the military. neal explains why it is an idea whose time may have come. that's ahead on "morning joe." (vo) this is not a video game. this is not a screensaver. this is the destruction of a cancer cell by the body's own immune system, thanks to medicine that didn't exist until now. and today can save your life. ♪ ♪ you'll make my morning, buty the price ruin my day.ou? complicated relationship with milk? pour on the lactaid, 100% real milk, just without that annoying lactose. mmm, that's good. with new, more secure numbers. but con artists, they never change. they'll always try to steal your medical identity. so, what can you do? guard your card, just like a credit card. don't give your medicare number

andrew ross sorkin sat down with the ceo of jpmorgan, jamie dimon who described the events as a nationalmergency >> i think i was driving home. i called up my whole operating committee. i told them we're about to have a catastrophe take place all hands on tech the next day i think saturday everyone was at work we had work forces, teams going through every part of our exposure which we had been through before i think i called my board that saturday and said we have a national emergency and i told them what it was. i tried to explain how bad it could get. >> when you told them how bad it could get, what did you tell them >> i said you'll see the worst week ever in america's financial history since the greatest depression, that in my opinion that lehman will go bankrupt, aig is a possibility and it will be a domino effect after that. someone asked me what does it mean for jpmorgan? i said each one is an exposure no one will cost more than $1 billion. we were fine, but the system wasn't fine. the american financial system was about to two through something catastrophic >> do you remember han

andrew ross sorkin is off today.rday at the third highest close ever up another 49 points this morning. the s&p is indicated up by 3 1/2 points the nasdaq was the one index that performed lower yesterday only down by 6 points.

interviews don't miss crisis on wall street, the week that shook the world reported by our own andrew ross sorkinp.m. eastern and pacific i promise to find it for you here on "mad money." i'm jim cramer and i'll see you tomorrow >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪ my name is jackie courtney, and i live in brooklyn, new york. when i got married a year ago, i had a hard time finding a dress that i loved and that i could afford. i, like most brides, want that dream dress that i've seen in magazines. those dresses, however, cost upwards of $10,000, which is a price, in today's economy, that most girls can't afford. my business, nearly newlywed,

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.es. adp coming out later this morning. could give us an indication of what to expect on friday from the government jobs report this morning you will see green arrows ahead of that right now it looks like we're indicated to open up by 25 points for the dow futures

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures.are green arrows across the board, despite the ratcheting up of the trade war with china you can see the dow futures are indicated up by 63 points. s&p futures up by 7. the nasdaq up by 22. yesterday stocks were down nasdaq was the loser, down by 1.4% even the dow suffered its biggest loss since augus

lehman brothers stunned markets and set in motion the great financial crisis our colleague andrew ross sorkinwn with tim geithner who said the fed's responsibility at the time was limited >> there were powers we didn't have most central banks have vastly more power than the fed has. most governments are parliamentary systems where the head of state can legislate powers he or she doesn't have at the moment so people around the world looked at us and said of course you had the authority to do it of course you had those tools. that led to part of the trauma there were two pieces of uncertainty, one was how big were the losses who was exposed to the losses, who would not survive the losses, and also they couldn't figure out what could we do to protect them from that it was hard to figure out what was the extent and limits of the fed's authority. >> also spoke to the deputy ceo of socgen who was in the eye of the storm ten years ago. he said the banking sector is now healthier than it's ever been >> the banking industry in europe is in a completely different situation today. for me the biggest par

toll we'll premier andrew ross sorkin's look and jaime dimon talks about where he was when he heard.i called up my whole operating committee. i told them we were about to have a catastrophe take place. all hands on deck the next day i think saturday everyone is at work we had work forces and teams going through every single part of our exposure to every single part of which we've been through before i think i called my board that saturday and said we have a national emergency, and i told them what it was, and i tried explain it to them and how bad it could get >> when you told them how bad it could get, what did you tell them >> i said you're going to see the worst week ever in american financial history since the great depression, and my opinion leman was going to go bankrupt and that iag is a possible, and it might be the domino effect after that, and that we jest don't know how bad it's going to get. someone asked me, well, what does it mean for -- well, each one of them is an exposure, but none will cost more than $is billion. we were actually fine. >> do you remember hank paulso

i'm becky quick along with joe kernen and andrew ross sorkin. cnbc contributor and a frequent guest here. good to see you. >> good morning. >> we have a lot to talk about let's start off what's happening with the u.s. equity futures yesterday markets were higher. this morning things are relatively flat. dow indicated down by 8 points s&p off by 1.5 s&p off also the nikkei closed higher by 1.36%. 24,120 hang seng up by a quarter percentage point and the shanghai u

together at the brooking institution for discussion with "new york times" financial columnist andrew ross sorkin, author of too big to fail.

andrew ross sorkin interviewed read in june where he asked several times whether he would be named wpp'sew ceo read says a review of the company's structure and underperforming operations in the u.s. is under way and promised an update by the end of the year wpp is among the biggest losers on the ftse and london today, down more than 6% now. >> i think some comments were growth will come, but it will come at a cost we'll see if this is that particular move. thank you very much for that >>> we are also following a developing story in the gulf of mexico tropical storm gordon is quickly gaining strength it is expected to become a hurricane. let's get out to michelle grossman with the latest there >> yeah. we are tracking gordon, churning in the gulf of mexico. the good news is most of the heavy rains in the gulf of mexico, that will change drastically over the next couple of hours impacting the gulf coast states later today we're seeing the location 2 a28 miles east-southeast of the mississippi river. strength is 65 mchiles per hour. it's moving quickly. that's good that way it can't gain a

i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the u.s.tle pressure. dow futures are down by 65 points last week it was up 2.3% s&p had a strong week. now it's indicated down by 7 poin

i'm becky quick along with joe kernen and andrew ross sorkin. the u.s.is hour look like they're indicated slightly higher. dow futures up by 22 points after the dow closed higher yesterday. it was helped out mostly by gains in boeing and caterpillar after there was news of potential trade talks between the united states and china again. the dow's gains were capped by losses in 3m

i'm becky quick with joe kernen, andrew ross sorkin is with us live from washington good morning >> goodwe have a big show ahead i spent some time with elizabeth warren which we will talk about and show you in a bit. of course we have a lot bigger news coming up >> we do we are looking forward to that interview. we also have everything happening with the hurricane first let's take a quick check on what's happening in the markets. right now it looks like there are green arrows across the board. dow futures up by 34 points. dow was up by almost 150 points yesterday. nasdaq up about 24 points. and s&p up by

what's changed and what hasn't changed in the financial system and the global economy tomorrow andrew ross sorkin's new documentary "crisis on wall street -- the week that shook the world" premieres at 10:00 p.m. eastern here is jamie diamond speaking with andrew about the collapse of lehman brothers >>> was it clear to you in the aftermath that lehman brothers was next >> it was next in the queue. everyone knew that i thought lehman had time to fix their problems my view is that given time, given this notice you can raise capital, reduce your leverage, do a bunch of stuff. i was a little surprised in june or july of that year they made an announcement big losses, they hadn't taken action and scared the marketplace. we knew lehman was next in line. i was hoping, thinking, they would be able to fix it. >> were you talking to dick during this period >> yeah. >> what did you think of dick? >> we're the biggest counter party. even right up to the end we were taking on lehman credit. we were constantly helping them, and they knew that we were their biggest counterpart probably in derivatives, probably i

live from the nasdaq market site in times square i'm becky quick along with joe kernen and andrew ross sorkin 40 points the dow has been up the last two sessions the s&p 500 and nasdaq both closed down. this morning red arrows there. the s&p 500 indicated down another 5 points the nasdaq looks like it would open down by 19 points if you look at

i'm becky quick along with joe kernen and andrew ross sorkin.gether again. >> we're all here. >> and our guest host for this hour is stephanie link head of global equities research and a cnbc contributor >> great to be here. >> lots of stuff to run through. let's start with the u.s. equity futures. at this point it looks like there are red arrows across the board. dow futures indicated to open down by 96 points. s&p futures are off by 9

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.ee that right now it looks like there are red arrows across the board dow futures down by 56 s&p futures down by 3. nasdaq down by 6 markets were mixed yesterday the dow was down, the s&p 500 and the nasdaq were up here is a weird statistic for you. the three major averages have not risen together on the same date since august 29th we'll see what happens today we should point out the dow transports rallied by 1.8% yesterday closing at an all-time high up by 206 points 1.8% also we should talk abou

the banks didn't -- it's just interesting on the eve of andrew ross sorkin's documentary. do you remember when we had ceos from our bank saying how dare they make us raise equity? it turned out to be the smartest thing ever >> all of the things that banks across the pond didn't do. >> across the pond they have croney capitalism. hey, listen, i'm getting older they don't loan. overnight i had to do the trade. i wanted to get it out so quickly. it was the oldest bank in the world. there's no lending there >> to your point, judge, rbs, i believe owned 60% of that and they're selling it at losses still from where they put in -- and this is, you know, now ten years on contrast that with jpmorgan, with wells fargo, merrill, all the banks that were part of the bailout. >> there are a lot of structural reasons european banks will never be as successful as u.s. banks. one of the main ones the government is very involved. another reason the economy itself around these banks are to some extent constrained by the reality of demographics and gdp growth and then to jim's point, they're

andrew ross sorkin put together a terrific documentary about it. don't get me wrong, no comparing the collapse of lehman with the physical darkness of 9/11. as those of you who nearby escaped in what felt like a night full of sleet on that terrible day when the sun was out. sleet that turned out to be the remnants of god only knows what. that said the lehman anniversary marks a time when the country itself was under financial siege, when it felt like we might slip into a repeat of the great depression with great banks collapsing meanwhile first the authorities stood by and let it all happen because the government was as unprepared as the bankers. the irony of lehman collapsing seven years to the day after the terrorist attack on the twin towers should not be lost on anyone it's almost the reverse of what happened in the '30s and '40s where we had the depression then pearl harbor we learned nothing from neither of these events. being unprepared for disaster is sort of the american way and that's because we have an innate sense of optimism and indomi

i'm becky quick along with joe kernen and andrew ross sorkin. dow futures indicated down by 41 points s&p futures off by 4 nasdaq off by 18 it comes after a strong week for the markets last week. you have some concerns circulating about what's going to happen with the trade talks from china talk of tariffs on an additional $200 billion goods being considered this week by the administration. we'll talk more about that in a moment again, red arrows today but nothing drastic just yet overnight in asia, japan's nikkei was closed with respect for the aged holiday stocks were weaker in china. shanghai down by 1.1% and hang seng off by 1.3% in europe where there's already early trading taking place in markets there. things are weaker for the big three major averages the dax is down by .4 and the cac in france off by 1/3 and so is the ftse. italy stocks are higher and finally take a look at the treasury we're sitting just at 3%. >> want to get an update on the flooding and powder -- powder, power outages. jackie deangeles joins us and we have contessa b

i'm becky quick along, joe kernen and andrew ross sorkin.ers have been in the red this morning the dow futures are indicated down by about 55 points s&p futures indicated down by three. the nasdaq by four let's get you updated on headlines at this hour u.s. trade representative robert lighthizer will be sitting down with canadian krista freeland. discussions weren't expected to resume again until the end of the week >>> corporate news this morning, shares of sonos went up yesterday. but then fell by as much as 15% in extended hours after a third quarter loss of $27 million. revenue was in line with what the street was expecting, but was down 6% from a year ago. sale of wireless speakers rose 1% but revenue from home theater speakers and components fell even with the move of extended hours, sonos still up 20% from its ipo back on august 2nd stock is trading at $18.60 and we are tracking hurricane florence the storm is quickly gaining strength in the atlantic where water has been very warm evacuations have been ordered for people up and down t

i'm becky quick along with joe kernen and andrew ross sorkin. the u.s. equity futures at this hour look like they're indicated slightly higher. dow futures up by 22 points after the dow closed higher yesterday. it was helped out mostly by gains in boeing and caterpillar after there was news of potential trade talks between the united states and china again. the dow's gains were capped by losses in 3m shares. this morning the nasdaq is indicated higher after closing down yesterday the s&p up by a point after they closed up by just under a point yesterday as well. overnight in asia, japan ended up by 1% that was a big gain for the nikkei it's on track for gains of about 2.4% the best gains for a week to date in months hang seng up by 2.5% the shanghai up by 1.1%. we have not one, not two, but three interest rate decisions today. the bank of england and turkey both due out at 7:00 a.m. eastern time then we get the ecb 45 minutes later. right now aled of that you can see european equities, a mixed bag. ftse down by a half percentage point. stocks are weaker

i'm becky quick with joe kernen, andrew ross sorkin is with us live from washington good morning >> good morning to you we have a big show ahead i spent some time with elizabeth warren which we will talk about and show you in a bit. of course we have a lot bigger news coming up >> we do we are looking forward to that interview. we also have everything happening with the hurricane first let's take a quick check on what's happening in the markets. right now it looks like there are green arrows across the board. dow futures up by 34 points. dow was up by almost 150 points yesterday. nasdaq up about 24 points. and s&p up by 4 points overnight in asia, you will see that the nikkei was up by over 1% 1.2% hang seng was higher it was up by 1%. the shanghai was down by 0.2%. the nikkei sitting at a seven-month high after these gains. also look at what's happening in europe in the opening hours there. right now it looks like there's green arrows across the board. both the dax and cac are up by a third of a percentage point. you will see the ten-year is yielding 2.983%. hurricane florence is batter

anniversary of the financial crisis on wednesday cnbc will air a new documentary produced by andrew ross sorkinthe outrage some americans felt towards the banking industry >> there are people who say that the country would have felt differently if certain bankers whose firm went under or was close to being rescued lost their jobs or i don't know if they went to jail. what do you think of that whole sort of sentiment? >> i had a it it when people repeat that over and over. if someone broke the law, they should go to jail. there's a good chance people didn't break the law they went bankrupt they did something stupid. in america you don't put people into jail for that people did go to jail. people lost their money, they lost their reputation, they lost their pride, they lost their future opportunities it's not like they didn't suffer there was no old testament justice. maybe the punishment should have been higher in certain circumstances so i do understand it but i think you have to be careful saying that they should go to jail. >> "crisis on wall street the week that shook the world" airs this we

i'm becky quick along with joe kernen and andrew ross sorkin.ur guest host -- >> we're all back together again. >> we're all here. >> and our guest host for this hour is stephanie link head of global equities research and a cnbc contributor >> great to be here. >> lots of stuff to run through. let's start with the u.s. equity futures. at this point it looks like there are red arrows across the board. dow futures indicated to open down by 96 points. s&p futures are off by 9 1/2 the dow had a decline yesterday of 12 points the nasdaq, the russell 2000 seeing their worst day since the middle of august the nasdaq was off by 0.2% that tells you about how strong the markets have been to this point. red arrows across the board this morning. we'll talk more about what to expect in a bit. overnight in asia, the shanghai was down by 1.6% the hang seng composite off by 2.6% that's the biggest decline since june nikkei was also lower. down by a half percentage point. look at what is happening in europe most of the markets are in the red. the cac is down by

live from the nasdaq market site in times square i'm becky quick along with joe kernen and andrew ross sorkindow futures indicated down by 40 points the dow has been up the last two sessions the s&p 500 and nasdaq both closed down. this morning red arrows there. the s&p 500 indicated down another 5 points the nasdaq looks like it would open down by 19 points if you look at what happened overnight in asia, you will see the nikkei down by 0.8%. the hang seng was flat the shanghai was up. the nikkei has been down for six days in a row. in europe, red arrows across the board. no massive declines. cac is off by 0.2% the dax in germany down by a third of a percent when you look at treasury yields, once again ten-year still below 2.9% 2.886. >> did you hear this song? the song at the top of the show? >> one toke over the line? >> a thousand dollars -- >> who plays it? >> i think i know this >> then i won't give you a thousand dollars it was from my era you know what it means one toke over the line >> one puff over the line? >> the same as a puff. the toke is marijuana. and the song was written after

. >>> leave fr >> welcome to "squawk box" on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. yesterday we saw a down day for the dow and s&p once again dow down by 69 points. s&p off by 4 points. nasdaq up once again this morning green arrows across the board. dow futures indicated up by 41 points nasdaq by 23, s&p up by 5. the nikkei was up by 0.39% in europe where early trading is taking place, mostly green arrows the dax is down by a tenth of a percentage point cac is up a quarter percentage point, and the ftse is flat. looking at the treasury yields, ten-year yielding 3.089% >>> the big ipo of the day, surveymonkey pricing its ipo at $12 a share, above the expected $9 to $11 a range. so surveymonkey increasing the size of its float it will begin trading today on the nasdaq under the ticker svmk it's a four-time top 50 disruptor. the company's ceo will join us on set at 7:30 a.m. eastern time to talk all about it >>> google expected to tell congress today that it made mistakes in how it handled privacy. that's according to prepared t

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures. will see there are green arrows across the board, despite the ratcheting up of the trade war with china you can see the dow futures are indicated up by 63 points. s&p futures up by 7. the nasdaq up by 22. yesterday stocks were down nasdaq was the loser, down by 1.4% even the dow suffered its biggest loss since august 30th still we're talking about modest declines it sells youtells you about the trajectory of stocks and where we have been overnight in asia, the nikkei was up by 1.4% stocks in china were also higher the shanghai was up by 1.8%. finally check out what's happening in europe. you will see in the early hours, for the most part markets are trading higher the dax and cac are up ftse up by 0.2%. look at treasury yields in the united states. yesterday at this time we were above 3% for the ten-year. that's where we stand rite now as well. >> we will get to china in a second an update on the damage from florence the storm has been blamed for 31 deaths the majority of victims in n

. >> andrew ross sorkin produced that piece and joins us from 30 rock it looks fantastic. >> thank youknow, in your mind, how the answers you got on this documentary differed from the reporting you were doing during the book. >> you know what perspective. i think people have a sense of perspective about what worked and what didn't. when i was reporting the book, it was 2009. so we had no -- nobody had any idea whether the tarp money would ever get paid back, if qe1, let alone two, three and four, that didn't even exist at the time, were going to work the automobile industry was being bailed out i don't think anyone had any contemplation of where we would be frankly, i would say at that time if you had asked them then if we would be where we are today at 3.9% unemployment and the money paid back and the economy doing as well as it is, despite how uneven it is -- and i recognize that -- i think they wouldn't have believed you. >> and do you think that fact, andrew, means that everyone more or less says, look, history has kind of ratified all of our responses? are there specific misgiving