we'll talk to andrew ross sorkin. and the stanley cup, the boston bruins had a bit of a tumble. 11 goals in this one. we'll see if they could hang on and come out with an overtime win. >>> you may have heard about the controversy concerning the so-called cap'n crunch. is it commander crunch? stephen colbert is weighing in on the revelations that have shocked the cereal world. that check on weather also forthcoming with bill karins when we come right back. we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all ca

we'll talk to cnbc's andrew ross sorkin live.this stanley cup final is turning into a classic. blackhawks and bruins go into

i'm andrew ross sorkin.y off. take a look at futures. we do have good news this morning. the dow looks like it would open up if we did it now around 60 points higher. s&p 500 up six points and the nasdaq up 14 points. let's get you through some of the global market headlines. hong kong shares had their best day in nearly six months, china's financial markets they calmed down after the central bank pledge to a credit crunch. the hang seng closed up 2.4% in its biggest one-day percentage gain since january 2. better than expected data out of germany helping stocks in europe. in the uk, finance minister george osborne expected to announce $18 billion in spending cuts but trying to temper the cuts with promises of longer term capital equipment and infrastructure projects. gold, that might be the story of the morning, losing more of its luster as it hit as three-year low this morning. brian had more on that before. bouillon is down 7 out of 8 sessions. we'll have more on the gold fall in a couple of minutes. >> i

joining me to do, andrew ross sorkin, co-host of "squawk box," "new york times" columnist and author of "too big to fail." columnist joe klein, managing editor of grio.com and someone filling in for me so graciously, joy reid, and editorial director at the "huffington post" media group and msnbc political analyst, howard fineman. i believe joining us from washington, d.c. is "the washington post's" ezra klein. always great to see you. i would like to go to you first on the food stamp farm bill back and forth. you had a really interesting piece today, and you made the point that this is really a change, sea change as it were, in terms of programs that help the neediest and using them as bait to get democrats to the table. this isn't just a bit cruel, it is also really unusual. for decades these ideas have excluded programs that serve the poorest americans. that's why sequestration excludes food stamps, medicaid and the earned income tax credit. conoway's amendment exclusively targets a program that serves the poorest americans. how do you read that, ezra? why is he doing that? >> we n

i'm becky quick along with joe kernen and andrew ross sorkin. markets are our focus this morning because the dow is coming off its third biggest percentage drop of the year. all kinds of crazy things, jim cramer was pointing out this morning he was watching the charts and there is nothing good to see. the dow, nasdaq and s&p 500 all closing at one-month lows. this was a broad based sell-off yesterday. all ten of the s&p 500 sectors closed down. today, the dow is going to try and avoid its first three-day losing streak of 2013. right now, u.s. equity futures are indicated a little bit higher. they're up by about 40 points. but if you'll look through the numbers on this, the dow was below 15,000 for the first time since may 6th. this is its worst two-day drop since november. all of these guys, as we mentioned, ending at one-month lows. a lot of bad news here and a lot of concerns about this -- why didn't we save the "usa today" cover? >> the cover is what we're going to claim was the -- >> well, it was like the "sports illustrat illustrated" cover

andrew ross sorkin is off today. we're going to start things off with the markets. stocks actually starting the month off with a winning session. the dow gaining back much of the losses that it's made on friday. you can see up about 138 points. it's a gain of nearly 1%. but the bears might take note that the blue chip index has been down in seven of the last eight junes. since 2000, the year 2000, june is actually tide with september as the dow's worst month of the year. today, of course, is tuesday. and as joe mentioned, that's been good news for the bulls for the last 20 session necessary a row. the dow has ended higher for the last 20 consecutive tuesdays and that makes the longest streak in history. i think by several weeks. i think we started saying maybe three weeks ago it was the longest winning streak ever. so we'll see what happens today. at this point, if you want to check out the futures, you'll see that at least at this hour, there are some modest red arrows. down 26 points for the dow futures. s&p futures off by just over 2 1/2 points. >>> in asia joef

i'm andrew ross sorkin. i'm joined by mandy drury and brian sullivan.e're calling it a little baste street signs takeover. i am told we still have majority position but that we're giving out minori itity shares. >> two-thirds is a quorum. >> i heard about that. >> all in favor of renaming the show "street signs morning edition" raise your hand. >> come on, guests, do what's best. >> oh, you've got the voting shares. we're the b class. >> thank you. nk that's how it comes out. i see how you roll, sorkin. >> thank you. three guest hosts, michael santoli, bob bruska and rebecca. let's talk about some of the headlines. there is heavy security this morning in moscow's airport today. national security agency leaker edward snowden, he's there. there is speculation he's planning to fly to havana en route to ecuador. the government of ecuador has confirmed it is considering an asylum application for snowden. he faces american espionage charges now after he admitted to revealing classified documents. i got to say, this is -- i feel like, a, we've screwed this up

i'm andrew ross sorkin. take a look at the futures.ing to hear a lot from the fed, the dow looking like it will open about 9 points higher. and the nasdaq up to 6 points. investors will be focusing this morning on the fed, the central bank's latest policy statement is going to be released at 2:00 p.m. eastern time. mark your calendar after a two-day meeting followed by chairman ben bernanke's news conference. we'll have much more on the fed. we'll be bringing ben bernanke's press conference to you live. dish network will not submit a revised take over bid for sprint clearing the way. charlie urgen plaming the decision. sprint also competing to buy clear wire. that process will continue and jack gave us a heads up this might play out this way and it is. >> also in the news smithfield chief larry pope, joe, he is going to receive $46.6 million if the plan takeover have i china is spleted. the s.e.c. filing saying that pope would be eligible for $28 million in cash. the filing revealing that smithfield received offers from two other what

i'm becky quick along with andrew ross sorkin. joe is off today, but we are thrilled to be joined by a terrific trio of reporters. we have reuters dan collaruso, joe wisenthal and ben white. they are all ready to tackle the big stories. first up, the nikkei bouncing back from a two-month low. japan's benchmark index rising 5% to close at a session high. you may think this is a huge deal. it is to a certain extent, but boy, have we seen some volatility in the nikkei. we've been watching this market really closely over the last couple weeks, and it almost is starting to feel like big moves like this are standard plays. there was a revised gdp that surpassed market forecasts. analysts say the data confirmed abe's policies are strengthening the economy. the financial markets in china were closed for a public holiday today, but there was important data released during the weekend. we are not talking about the snowden type of data. these were numbers that showed unexpected weaken in trade and domestic activity. struggling to pick up. th

i'm becky quick along with joe kernen and andrew ross sorkin.ause the dow is coming off its third biggest percentage drop of the year. all kinds of crazy things, jim cramer was pointing out this morning he was watching the charts and there is nothing good to see. the dow, nasdaq and s&p 500 all closing at one-month lows. this was a broad based sell-off yesterday. all ten of the s&p 500 sectors closed down. today, the dow is going to try and avoid its first three-day losing streak of 2013. right now, u.s. equity futures are indicated a little bit higher. they're up by about 40 points. but if you'll look through the numbers on this, the dow was below 15,000 for the first time since may 6th. this is its worst two-day drop since november. all of these guys, as we mentioned, ending at one-month

joe kernen and andrew ross sorkin are back at headquarters. among our d.c.gth of the economy, with the national association of manufacturers. plus, senator bob corker will join us to talk about everything from immigration reform to self-professed nsa leaker edward snowden. also with us today, we have house budget ranking member chris van holland and our guest host, famed corporate leader jack welch. first, though, before we get to all of that, andrew has a roundup of the morning's top headlines. good morning. >> thank you, becky. great job in d.c. this morning. >> thank you. >> headlines this morning, the bank of japan taking no action as expected. but some investors were sfoied that the boj failed to address recent market volatility in the monetary policy statement. nikkei dropping on that news. we'll have more in a couple of minutes. in europe today, germany's constitutional court is beginning a two-day hearing into legality of ecb's bond buying

i'm andrew ross sorkin along with joe kernen. becky is on assignment.t do you have? >> mountain dew. >> you're promoting the brand. do you like mountain dew. that's almost as caffenaited as red bull. let's bring you up to speed on the global selloff. nikkei planninging to levels not seen before bank of japan launched its mass civilian stimulus program. it's now down 21% from last month's 5 1/2 year high. nikkei is back in the bear market territory for the second time in less than a week among the reasons being cite forward the selloff short term traders taking money off the table warning a move below 12,000 would for the market into dangerous territory. also the dollar/yen now dropping below the 95% handle as japanese inves

andrew ross sorkin is off today. let's start things off with the markets at this hour.ng down more than 500 points. that's 3.7% drop for the benchmark index. among the reasons, you had friday's late sell-off on wall street and renewed worries about a slowdown in china. the nikkei snapped a nine-month winning streak in may. that had been its best run since 2006. in other asian markets today, you can see that the south korean kospi fell below the 2,000 mark. in australia, stocks ended at a ten-week low. the hang seng was down by about 0.5%. shanghai composite barely budged. and in europe in the early trading this morning, you can see right now that things are weaker, but these are modest declines, relatively speaking. the biggest decline is the dax. down by 0.7%. the ftse down by 0.4%. the u.s. equity futures here after the big declines late in the day on friday, dow is higher by about 55 points right now. is s&p futures are up about 4 points. here is a quick recap of the main market story. we had told you that those gains

andrew ross sorkin is off today. we're going to start things off with the markets.inning session. the dow gaining back much of the losses that it's made on friday. you can see up about 138 points. it's a gain of nearly 1%. but the bears might take note that the blue chip index has been down in seven of the last eight junes. since 2000, the year 2000, june is actually tide with september as the dow's worst month of the year. today, of course, is tuesday. and as joe mentioned, that's been good news for the bulls for the last 20 session necessary a row. the dow has ended higher for the last 20 consecutive tuesdays and that makes the longest streak in history. i think by several weeks. i think we started saying maybe three weeks ago it was the longest winning streak ever. so we'll see what happens today. at this point, if you want to check out the futures, you'll see that at least at this hour, there are some modest red arrows. down 2

i'm andrew ross sorkin with joe kernen. we'll get to becky quick in a little bit.e'll have on the program, mark andreissen and meg whitman. we'll look forward to those conversations a little later. first, let's get you up to speed on the morning's top stories. we begin with the unrest in turkey. riot police raided a protest camp in istanbul after days of anti-government protests, police moving into taksim square using tear gas and water to clear demonstrations. we'll go to richard engel in a little bit, but we'll do the markets first. >> okay. a little rocky. >> a little rocky. >> let's check on the markets this morning. i guess it is a

i'm becky quick along with joe kernen and andrew ross sorkin.he fed widely expected to keep its key interest rate unchanged today. but the real question will be about that bond buying program which we affectionately know and love as qe infinity. economists expect the fed to keep buying bonds at $85 billion a month. but pay attention to signs that policymakers may scale back the program later this year. that's the big question in the marketplace at this point. will the taper begin. the fmoc will announce its decision at 2:00 p.m. eastern time. with y ben bernanke will hold a news conference at 2:30 p.m.. we'll talk expectations with two economists in just a few minutes. but a lot of questions swirling, including ben bernanke's term which president obama brought into a huge focus yesterday with his interview with charlie rose. also later on we have marty feldstein and randy kroszner. and we will get the scoop from them, as well. the markets ahead of the fed decision, futures this morning, on

i'm becky quick along with joe kernen and andrew ross sorkin.res are rebounding handily up 116 points. when you put it in perspective this is after a decline of more than 550 dow points. yesterday the dow dropped by more than 2%. it was its worst one day percentage drop since november of last year. in fact, all 30 dow components were in the red. >> 550 for two days. >> yeah. over two days we were down more than 560. >> yeah. >> but the dow was down more than 5% since its may closing high. that is something to start paying attention to. all those market participants who have said that they would buy when you saw the market down by 5% to 10%, well, here's their opportunity. again, if you put those declines together from the last two sessions, the dow and the s&p 500 wiped out all of their gains from may. and from june. by the way, the vix, that's the fear gauge. it spoked near 20. it hit its highest level of the year. this was something to watch. it wasn't just equities, guys. this was across the board. all of the market. bonds. oil. gold. silver.

i'm becky quick along with andrew ross sorkin. a terrific trio of reporters. we have reuters dan collaruso, joe wisenthal and ben white. they are all ready to tackle the big stories. first up, the nikkei bouncing back from a two-month low. japan's benchmark index rising 5% to close at a session high. you may think this is a huge deal. it is to a certain extent, but boy, have we seen some volatility in the nikkei. we've been watching this market really closely over the last couple weeks, and it almost is starting to feel like big moves like this are standard plays. there was a revised gdp that surpassed market forecasts. analysts say the data confirmed abe's policies are strengthening the economy. the financial markets in china were closed for a public holiday today, but there was

i'm becky quick along with joe kernen and andrew ross sorkin.d about 169,000 jobs last month. if it did, this will be the third straight month that payrolls outside the farm sector increased by less than 200,000. meantime, the unemployment rate is seen holding steady at 7.5%. if you think you have what it takes to weigh in, vote in our poll. all week long, we've been talking about how this is building up to this number to tell us how the economy is growing. today's employment report, as we mentioned, could be a key one for the federal reserve. that's why it is a great morning that we're going on be joined by alan greenspan. he is ow newsmaker of the day, joining us exclusively at 7:30 eastern tim. so we look at his take on what all these numbers mean, on what he thinks the fed could and should be doing right now. u.s. equities reports are

i'm andrew ross sorkin along with, well, not joe and becky.y kayla tausche and scott wapner at the table and we'll get to them in paa minute. >>> a chinese central bank official saying the pboc will be guiding interest rates to a "reasonable range," suggesting a potential end to the country's cash crunch. at a news briefing after the markets in china closed today, the official also argued that recent interest rate volatility in the nation's money market there temporary. that's what they're saying. stocks in china as a result of some of those comments pairing their losses into the end of that session, actually, rather on rumors of that expected news conference, and the shanghai composite closed down 0.2% after plunging as much as 5% earlier in the session. the index still, though, of course, in bear market territory. >>> back here in the u.s., prepare for a packed economic agenda today. at 8:30 eastern, we'll bring you may durable goods. then we have the s&p case-shiller index, the fhfa house pricing index. may new home sales, june consumer con

i'm becky quick along with joe kernen and andrew ross sorkin.r a week dominated by the fed, look out, dow futures already 130 points above fair value. s&p 500 futures up by almost 14 points. it's all coming after you see what happened with the nikkei in japan. a gain of 2.7%. the hang seng was also up pretty handily, up by 1.2%. in the early trading in europe this morning, take a look and you're going to see where things stand right now. but again, with all these other green arrows around, you see some of the same things happening. in france, markets up 1.7%. the dax up almost 1.4%. our newsmaker is boeing chairman and ceo jim mcnerney standing by with phil lebeau at the paris air show joining us in just a moment live. >>> first, andrew has a roundup of the morning's top headlines. good morning. >> good

i'm becky quick along with joe kernen and andrew ross sorkin, and yes, it is june 18th, which we can'this means, guys? in about four days, the days start getting shorter again. >> yeah. >> anyway that two-day fed meeting is clearly the most important story to the markets this week. investors will listen for details on when the central bank may start scaling back its $85 billion monthly bond purchases, a topic we discussed with former fed chairman alan greenspan just a couple weeks ago. >> tapering, obviously, is the first thing, but tapering, remember, it's still increasing the size of the balance sheet, and that means it's going to be a little bit more difficult to reverse it. and i'm a little concerned that the reversal procedure is a little more difficult than we think. the markets are not going to give us the leeway that we would like. >> tomorrow, the fed is also expected to provide an update on its economic projections for 2013 all the way through 2015. that decision on rates will be announced at 2:00 eastern

andrew ross sorkin is off today.ctive session in japan overnight. the nikkei actually down by 3.8%. the volatility has been off the charts. this drop today came after a speech from prime minister shinzo abe. he pledged to boost incomes by 3% annually and to set up special economic zones for trying to attract foreign businesses. today's strategy announcement was his third measure aimed at boosting growth in the world's third biggest economy. the first two arrows, as abe calls them, first up was loosening monetary policy and then boosting public spending. investors seemed to be less than impressed by today's announcement, which was expected, but they were looking for some of the details there, and that seemed to be what was the disappointment. we'll have more from kaori enjoji in a few minutes, standing by in tokyo. meantime, if you look at the trading in europe this morning, there are red arrows across the board. weakest numbers coming in london with the ftse 100 down close to 0.9%. we will also check in with ross wes

andrew ross sorkin is off today. and it's redemption day.nd that's not a good thing at sac capital. not redemption, not the company redeeming itself, but the company paying out lots of money to people that are out of there after the toughest quarter in the hedge fund's history, investorses must decide today whether to pull capital from steven cohen's firm. sac insiders are expecting significant redemptions, perhaps the majority of the $4 billion in external capital that hasn't been taken out already. if that happens, sac could become a de facto, a family office, a fund managing only. it's all money been insider money. >> i think they were talking about that, anyway. at least that's been the reports, that there's speculation they would want to do that because then the government gets off their back. this is not that people are saying, well, i'm uncomfortable being at a firm that might have questionable perhapses, it's the performance. i mean, if the performance was still great, they would be looking -- >> there's probably a point when you won

i'm becky quick, along with joe kernen and andrew ross sorkin.pens. just an hour and a half. we will have more in just a moment. >>> president obama and caye niece president began two days of talks. later today in california. cybersecurity in north korea's nuclear program are expected to be among the primary topic of discussion. >>> and walmart holds annual meeting today in arkansas. they see sales rebounding in the second half of this year because customers are growing more confident. >>> check out shares of elan. u.s.-based pharma increased its bid. it is offer $13 a share. previous bid was $12.50. >>> let's get to the story of the morning. as steve liesman joins us now with a preview of what investors can expect. >> then what do you do? >> i don't know. >> do you come in in the morning with a list of other things to talk about if this doesn't work out? >> we did the nsa thing. >> what's after that? you've got nothing, do you? >> you can always return to cincinnati. >> cincinnati, irs. >> no. i was going to talk about michael jackson. >> what's

joe kernen and andrew ross sorkin are back at headquarters. among our d.c. newsmakers this morning, we'll be talking about the strength of the economy, with the national association of manufacturers. plus, senator bob corker will join us to talk about everything from immigration reform to self-professed nsa leaker edward snowden. also with us today, we have house budget ranking member chris van holland and our guest host, famed corporate leader jack welch. first, though, before we get to all of that, andrew has a roundup of the morning's top headlines. good morning. >> thank you, becky. great job in d.c. this morning. >> thank you. >> headlines this morning, the bank of japan taking no action as expected. but some investors were sfoied that the boj failed to address recent market volatility in the monetary policy statement. nikkei dropping on that news. we'll have more in a couple of minutes. in europe today, germany's constitutional court is beginning a two-day hearing into legality of ecb's bond buying program. the policy has been credited playing a big pa

i'm joe kernen along with andrew ross sorkin of "squawk box" fame of new york times, deal book, too bigi don't know. >> thank you. >> you're welcome. >> nice to be with you. >> we're going to get back to becky in las vegas in a minute. first, though, we have to -- we have a deal to tell you about. apollo tires is buying what? is that true? cooper tire and rubber. this company has been around for a long time, for $35 a share. it's arnold palmer was one of the spokesmen. surprised, it's only $2.5 billion company at this point. a nice premium. $2.5 billion. boy. now i feel bad mentioning deal book since you had no idea about this. >> thanks. >> i didn't plan that. who broke this? did it just come out? >> i think we broke it here on "squawk box." along with the company and the press release. >> who's going to know. we broke it here. checking u.s. equity futures bouncing back from a ragged session yesterday. let's wait and see if we can get -- >> get over 100. >> we were over 100. >> we started about 70 this morning. yesterday there was a lot of stuff happening globally in small markets but

i'm becky quick along with joe kernen and andrew ross sorkin.s investors prepare for a week dominated by the fed, look out, dow futures already 130 points above fair value. s&p 500 futures up by almost 14 points. it's all coming after you see what happened with the nikkei in japan. a gain of 2.7%. the hang seng was also up pretty handily, up by 1.2%. in the early trading in europe this morning, take a look and you're going to see where things stand right now. but again, with all these other green arrows around, you see some of the same things happening. in france, markets up 1.7%. the dax up almost 1.4%. our newsmaker is boeing chairman and ceo jim mcnerney standing by with phil lebeau at the paris air show joining us in just a moment live. >>> first, andrew has a roundup of the morning's top headlines. good morning. >> good morning to you. leaders of the world's most powerful economies are gathering in northern ireland for a two-day summit. british prime minister david cameron is the host, and he's pushing for countries to share more financial

i'm andrew ross sorkin. joe and becky are enjoying some time away.ayla tausche and scott wapner in their places. you don't have your gavel yet, but we've got to get you that before the day's out. >> next commercial break i'll run over and get it, all right? make you happy. >> let's take a quick look at futures this morning. i like gavel. it's just more fun. dow looks to open 82, 83 points higher, nasdaq up 18 points and the s&p up 9 points. >>> the founder of men's wearhouse reportedly considering a comeback. reuters say george zimmer is thinking about options and talking to investors. that could include teaming up with equity firms for a buyout bid. zimmer abruptly left the company last week, said to have clashed with his hand-picked ceo over the clothing retailer's strategy. you'll like the way you look. he guarantees it. he'll be back? >> or does he no longer guarantee it? >> that's a tough one, when the ceo is the lead guy on the commercials, it's tough. >> martha stewart of men's clothing, like the founder? >> but nobody knew his name. >> come o