make this a tough job. >> rose: just to tap it, because i liking the being in the company of andrew ross sorkin, in germany, the president said globalization, frustration, the nationalistic politics, here's the president in hanover talking about the subject. my thanks to andrew ross sorkin, you should read his article in the "new york times" the sunday magazine this weekend. look at this, we'll be back. >> the politics are tough and the reason is because the benefits of trade have often been diffuse. even well-structured trade agreements create some disruptions. it may be good for 90% of the economy. it may create all kind of jobs and export opportunities because export jobs tend to pay better, but people don't see it as much. they don't feel it. the average person who's working for a company in the united states that exports doesn't necessarily know that they're exporting, they just know they're making a great product. if u.s. consumers benefit from lower cost goods that improve their quality of life and keep inflation down, that's not something they know, but when they see that plant close, t

that's the take away from andrew ross sorkin's cover story in this weekend's "new york times magazine he's a friend of the program. everybody in journalism is jealous of you. andrew: no. they are jealous of you, charlie. charlie: you had a chance to talk about the economy. how did that come about? andrew: late last year, i started thinking somebody needs to do an assessment of the past eight years and obama's tenure as president, what's happened in the economy. i went to the white house and said, somebody should do this -- i said, i should do this. to do this, i needed to have an opportunity to spend some time with the president and really try to get his thoughts and understandings of what worked and what didn't and what the challenges were. we hear from him all the time, but i don't think we get to really hear about the different decisions throughout and now, looking back, how he felt about them. i thought the opportunity to educate the public was important and, happily, they agreed. charlie: here's what you say, "over a series of conversations on air force one, in the oval office, a

andrew ross sorkin joins us in new york.ection, but we left off with the election uncertainties. >> that goes to the idea of what ultimately happens. people forget this, over election cycle there have been studies not just in the united states but many countries in six months and usually a year of the election gdp legitimately does slow. it did paralyze business, people use this epithet on certainty. but in a political season it's actually very, very true. increasingly so. that's what that piece get ace look at. we have a couple great things coming up. weapon have rob portman on. a lot of people speculating that he could ultimately become a vice presidential candidate for somebody named donald trump. we will see and talk to him about what's going on in washington. paul ryan's relationship with donald trump and all of that. >>> and we also have kate and andy spade on the show. are you a kate spade fan? >> of course. >> i'm an andy fan. oh, we have a comedian on the show -- have you ever seen "between two ferns" do you know wh

andrew ross sorkin is with a preview. >> i'm adding to the "must reads."bout putting your money where your mouth is, tom freeman, a great columnist and golfer by the way, in "the new york times." has a clolumn, a letter to donad trump about climate change. we saw that other report that came out yesterday where donald trump said he wanted to undo that. he said, look, donald, you own all of these golf courses all over the world. and all of those are the most exposed of everything you own. you actually have to figure this out, too. it's a fun read just in terms of how it's almost structured as this memo to donald trump. i offer that to you. but we do have a couple of other things on tap today. here's what we have. we have former senator bob kerry is going to join us. he will be our guest this morning to caulk about politics, and talk about donald trump and of course, this whole hillary clinton and bernie sanders thing stands. and the ceo of johnson & johnson. in the 8:00 hour, we have the head of the chamber of commerce which is going to be interesting, histo

. >>> let's get to andrew ross sorkin joining us from new york.am for "squawk box" coming up. >> i want to go back to the must reads, am i allowed? i want to have a serious conversation about the "times" story on trump and women. and i want to understand, i thought -- it was a very mixed story, oddly enough, in that he was promoting all the women but then saying all the bad things, but then in the context of them in a pageant, i was confused. i wanted to talk to sara about it. >> this is something people were talking about all weekend long. i think the overtone, though, andrew, was negative. that he cared a lot about what they looked like. that was the sort of bottom line, there was this infatuation with their looks. the implication is that marginalized women and trump tweeted all weekend about a hit-job on him. >> we'll be talking be about that and also be talking about yahoo! and the latest in that soap opera now involving potentially warren buffett. becky over here to my left has a little bit of information on that. she's waving to say hello. i

i'm joe kernen along with rebecca quick and andrew ross sorkin. it's thursday! andrew.>>> especially when you're having fun. >> yeah. we're having fun. our top story of the morning this morning unfortunately is more of what we've -- we haven't been inured to it yet, we don't know what this is, but it's not great to wake up to these things. this is you. >> okay. this is not fun. so let's get to the news. an egyptian airplane carrying 66 passengers and crew on a flight from paris to cairo disappeared over the mediterranean. last reported position was 165 miles from the egyptian coastline. last hour president hollande of flans said the flight had crashed. egyptian ministry will hold a news conference. first, before we do that, let's get to becky. let's get to the futures quickly and show you what's going on. >>> we're looking at the futures, guys. we have seen them under pressure this morning. walmart, the dow component out with earnings of 98 cents a share, better than the street had been anticipating. street looking for 88 cents a share. >> look at it go. >> you're now t

i'm becky quick along with joe kernin and andrew ross sorkin.did see a selloff and things ended relatively flat. this is slight declines for averages. the futures are indicated higher with dow futures up by 58 points. s&p up by 7, nasdaq up by 14. overnight in asia, you'll see that the nikkei was down by almost 1%. that was a decline of 155 points. hang seng was slightly positive. the shanghai was down by 0.75%. check out early trade, you'll see green arrows. major gainers looks like france up 1.3%. italy is also up by 1.5%. take a look at crude oil prices this morning, things down by 14 cents 47. 94. >> fed speak holding attention. patrick harker joined the chorus. he argued that a june data rate height. who? that's who he is, patrick harker. the fed meets june 14th and 15th. harker not a voting fmoc member this year. so whether what he says matters, it's a bit of debate. >> do they care about the consensus around the taken. >> whoa, that is that's marine-like. >> yeah. tight. >> i got sheared. >> whoo! >> summer thing. >> acceexcept it rains e

welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin..s. extends at this hour you can see things are sharply weaker this morning dow futures down about 80, s&p off 10, the nasdaq down 20. yesterday the market up triple digit gains for the dow until the fed minutes come out suggesting the fed is more serious about raising rates in june. you saw what happened with the fed futures, went from 0% chance of them raising rates, talking 4% chance or something. now up to 24% chance. >> down a hundred. and up -- >> -- back and. >> all the way back. >> essentially ended the day flat.

i'm becky quick along with joe kernin and andrew ross sorkin. the u.s. equity futures after a down day for the markets yesterday where the dow was actually down by 140 points. you can see this morning, that trend is continuing. the dow futures down another triple digit loss. 114 points. s&p down by 16. nasdaq off by 33. overnight in asia, you can see there were red arrows there as well. the hang seng was down by 0.75 percentage points and australia down after the bank to bring interest rates lower. let's take a look at what happened in europe, you're going to see, at least in the early trading there, european markets for the most part are in the red. the dax down by 0.75%. so is the cac in france. the ftse is down by 1.3%. finally, a look at crude oil prices yesterday, they pulled back again down 1.13 to 43.65. wti is sitting in that same position at 43.51. >>> we're going to politics but first the top headlines this morning. the biggest one being this, takata expected to announce it is recalling 35 to 45 million more air bags in the united states. this

i'm joe kernen along with andrew ross sorkin and michelle caruso-cabrera.oil right now is $44, $45. i think it was slightly lower this morning. it's now down over a percentage point. that would be about 54 cents. this would normally help. australia's central bank cut interest rates to an all-time low of 1.75%. the rba's first easing. policy makers citing surprisingly low inflation and subdued wage growth as well as the uncertain global outlook. the decision was not expected. as a result, the aussie dollar fell sharply on the news, but australian stocks rallied more than 2%, but that did not move to europe, which is down and we're down here. but we were up yesterday. >> here is what's making headlines this hour. drug maker pfizer reported quarterly profits of 67 cents per share beating estimates by 12 cents. revenue beat as well. pfizer raising its full-year earnings forecast. you can see the premarket it's higher by 3%. >>> u.s. automakers will issue april sales numbers today. analysts expecting an annual sales rate of 17.3 million vehicles up from 16.6 mil

i'm joe kernen along with becky quick and andrew ross-sorkin. just up four points and t s&p is now actually negative. maybe it has something to do with oil. there's still some correlation there. when oil gets weak, sometimes you see the equity markets. we'll take a quick look. we had an analyst on talking about crude, or you can let this sink in, if you would like -- oh, no, finally, thank you. there's oil which was at $48. it has come down to be almost unchanged at $47.75. >> let's get you caught up on our headlines. shares of home depot on the rise in the premarket trading. home depot earned $1.44 a share for the first quarter, 8 cents better than the street was expect iing. it also raised its full-year earnings in sales forecast and you could see that dow component is up by over 1.25%. earlier today up over 3%. we'll see how this trades as we head into the session. it's sitting just under a high, 137. >> 137 and change. >> ceo departicipated last week amid controversy and the company is under investigation by the justice department. linding c

i'm joe kernen along with rebecca quick and andrew ross sorkin. up 70 points after a strong session yesterday. in europe, tough to say whether europe is catching up with yesterday or helping us on its own this morning. europe is all green across the board. oil at this hour might be helping. up above 49. it was. $49.18. up 1%. >> we haven't seen $50 since october. >> guarantee you the media will notice when it hits 50. guarantee you. >> in our headlines. microsoft laying off nearly 1900 workers as it continues to streamline the mobile phone business that it acquired from nokia two years ago. it will take a $950 million charge against earnings for that move. you can see the stock is up by about 22 cents today. >>> fedex has completed its $5 billion acquisition of tnt express. earnings for luxury goods retailer tiffany, profit coming in at 69 cents a share, a penny better than expected. revenue was well short of the forecast. tiffany same store sales down 9%. stock is down by more than 4 1/3%. last trade at $61.05. >>> monsanto rejecting the $62 bill

i'm joe kernen along with rebecca quick and andrew ross sorkin. the futures have now worsened down about 20 points so far this morning. a quick look at oil prices. which were somewhere around $48 last time we looked. now up a nickel. $48.36. numbers from target. >>> let's look at the numbers. we quickly ran through them before. you can see right now that the stock is down by 5.4%. so this is massive pressure on the stock. down $4 to $69.60. for the last quarter, the first quarter, the numbers were better than the street was expecting. they talked about earnings on an adjusted basis of $1.29 a share. street expecting $1.19. comp store sales up by 1.2%. they cited the growth in traffic and basket. however, the street was looking for aening stro stronger number. the biggest issue is probably the guidance for the second quarter. here is what the company has to say. second quarter results, their view has been tempered by the recent slowdown in consumer trends. that's an issue we saw yesterday with home depot, that the sales growth had tempered over the

i'm becky quick along with joe kernin and andrew ross sorkin.gs ended relatively flat. this is slight declines for averages. the futures are indicated higher with dow futures up by 58 points. s&p up by 7, nasdaq up by 14. overnight in asia, you'll see that the nikkei was down by almost 1%. that was a decline of 155 points. hang seng was slightly positive. theng

i'm andrew ross sorkin. joe kernin. becky quick is off. she makes her way back from omaha what.t this hour. dow looks like it opened up 122 points. nasdaq looking to open off 32.5 points and nasdaq as well down 14.5 points. in asia, interest rates to an all-time low of 1.5%. this is the rba's first policy citing lower inflation,

i'm becky quick along with joe kernin and andrew ross sorkin. the u.s.y futures after a down day for the markets yesterday where the dow was actually down by 140 points. you can see this morning, that trend is continuing. the dow futures down another triple digit loss. 114 points. s&p down by 16. nasdaq off by 33. overnight in asia, you can see there were red arrows there was5

i'm becky quick along with joe kernin and andrew ross sorkin. check out equity futures.icated up by 85 points this comes after a big rally yesterday for stocks. s&p up by 11.5. and the nasdaq up by 28 points above fair value. check out what happened overnight in asia. again, all of this started kind of yesterday with the european markets that really took off. you can see it followed up in japan with the nikkei up by 1.5%. the hang seng was up by 2.7%. it was just the shanghai composite with a decline of a quarter percentage point. in europe, once again, you'll see plenty of green arrows. the dax in ger

i'm becky quick along with joe kernan and andrew ross sorkin.ow was down for the week but the s&p was slightly higher and the nasdaq saw a bit of a rally last week. you can see the futures are under pressure with the dow futures down by about 22 points below fair value. s&p futures off by 2.5. and the nasdaq down 5.5. >>> overnight in asia you saw green arrows across the board. overnight we saw better news out of japan and hang seng. the market closed for japan down half a percent. the hang seng down .25%. the shanghai was up .60%. check out the early trading in euro a

andrew ross sorkin is out today. the dow futures are up by about 40%. the s&p futures are up by 6.ter the nikkei was up by .70%. the shanghai composite was down. early going, you'll see in europe that things are stronger across the board. dax and germany are up by 1.86%. >>> we have a developing story out of canada impacting the oil markets. a wildfire h

i'm michelle caruso-cabrera along with joe kernen and andrew ross sorkin.eek. >>> the futures at this hour suggesting a negative open. might be negative feed threw from retail. dow opens off 52. s&p lower by 6 and the nasdaq lower by 13. the price of oil is lower this morning by 65 cents. 46.05 for wti. brent 57.44. >>> this week has not been kind to retailers reporting quarterly results. this hour we'll get numbers from other familiar name. jcpenney expected to post a quarterly loss of 38 cents per share on revenue of $2.9 billion. in other retail news tiffany's saying its chief financial officer is resigning effective may 20th. luxury goods retailer now beginning a search for a successor. he was -- he had joined -- he is joining, rather, to leave to another firm. so far unnamed. we don't know. before joining tiffany he was cfo at insurer signa. >> honda reporting a quarterly loss. nearly $860 million loss due mostly to costs related to the recall of vehicles containing takata air bags. >>> apple investing nearly $1 billion in the chinese ride-sharing serv

i'm joe kernen along with rebecca quick and andrew ross sorkin.. up 34 points. yesterday was great durable goods number. as a result the market cannot get out of its own way. could mean more likelihood of a rate hike in june, up all the way up to half a point. >> .5 to .75. >> oil prices retreating from the $50 level this morning. and we don't -- i don't know how that correlates to -- to equity prices anymore. i don't know how a good economy correlates. i don't know if anyone knows. we're in this -- people are trying to find footing one way or another in a lot of the markets. g7 leaders issued a warning overnight saying a british vote to leave the eu would threaten the world economy. in a statement the leader said a brexit would reverse the trend toward greater global trade and investment and the ensuing job creation of the brexit vote is set for june 23rd. >> in the headlines, about 12 million vehicles added to the recalls related to the defective takata air bag inflaters. earlier this month takata agreed to declare up to 40 million defective. >>

i'm andrew ross sorkin along with joe kernen and rebecca quick.a look at the futures at this hour. you're looking at things looking up. dow would open up higher 48.5 points. nasdaq up 15 or almost 16 points now. the s&p 500 up over 6 points. >>> this morning's headlines. shares of yahoo. bids for the core assets are coming in a range of 2 to $3 billion. according to the "wall street journal," below the range of the original estimate of 4 to $8 billion. verizon still centered the frontrunner in the bidding. >>> national association of realtors out with april existing home sales this morning at 10:00 a.m. eastern time. congress looking for a 1.3% increase. >>> g 7 nations meeting in japan but little is expected to be accomplished as leaders discuss global economic growth. there has been growing disagreement on a coordinated strategy as countries slash interest rates and implement aggressive monetary stimulus. >>> search teams continue to scour the mediterranean sea hunting for wreckage from the jet carrying 66 people that disappeared yesterday. the

i'm joe kernen along with rebecca quick and andrew ross sorkin. futures at this hour have worsened a little. down about 41 points. see what happens when the employment figures come out. nasdaq down 13. s&p down just under 6. oil, continuing to check that when we check the futures. still correlated i would say to some extent and the selloff yesterday in oil was -- it was note worthy, i guess. down 30 cents this morning at $44 for wti. >>> to some of the stories making headlines this morning. apple ceo tim cook visits beijing this month according to reuters. he is said to be planning meetings with high-level government officials as he tries to deal with setbacks in a key overseas market. market company reported a wider than expected loss for the first quarter and though it raised its full year forecast investors seem to be focused on a surge in operating expenses. the stock is down 17%. two companies for jack dorsey that have had a rough earnings season. french drug maker may raise its fee for buying medivation. if not it will consider going directl

. >> i home andrew ross sorkin or others are taking notes. >>> julia, we want to talk about how esports, video game playing has become a very popular spectator sport. it's coming to cable, right? >> that's right. esports is now ready for prime time. they're announcing the launching of the their first tournament. it will culminate with finals that will air on tbs on friday. this is the first of 20 esport events that turner plans to air live on air. they're branching off on the traditional tv content. >> not only does it offer legitimacy for the hardcore fan but it also opens the door for a casual friend and a potential to grow the audience. >> former nba player rick fox who's competing in it says this tv tournament is a tournament for esports. it's a way to cash in on the 220 million million people who are esports fans. >> there's ticket sales, media rights, sponsorship and merchandising. all the ancillary and traditional ways you would see a professional sporting franchise capitalize on their investment. >> now, the e sports industry is projected to grow to a $1.9 billion business in 20

the election is coming and in this morning's "times" andrew ross sorkin wrote a column where he pointedut that in the final years of presidential terms when the incumbent is not running again, the history says that the market doesn't do very well. do you expect that the next five months will be times when the market moves higher, or is it going to be backloaded after we get certainty on who is in the white house? >> i think the point is that everyone's positioned for just what he's predicting or the data says minus 2%, so all i'm saying is i think the market -- the underlying currents of the market is saying maybe the economy will aksccelerateaccele why value it will go -- that's why gold is going up. and whoever gets elected will have faster economic growth and the market starts to anticipate that. the data doesn't support it. >> but you're true to your contrarian side, andrew and jill, you as well. we have to leave it there. alas, thank you both very much for your time today. go to powerlunch.cnbc.com to see another small-cap name that jill is betting on for growth. >>> just getting s

i'm joe kernen along with rebecca quick and andrew ross sorkin.three in a row. up 24 points. europe is a little better this morning as well. and we are tracking crude prices this morning. brent -- brent topped the $50 level for the first time in seven months while closing in on west texas. not quite there yet. at least we weren't earlier. just below it. >> be the first time since october. i think this is the highest we have seen it -- we've seen it almost touching there. >> $49.89. >>> in the headlines. costco beating estimates in the latest earnings report. the warehouse retailer's revenue short of forecast and same-store sales flat for the first time in six years. food distributor u.s. foods trades today on the new york stock exchange. the initial price offering yesterday at $23 a share, within the expected range of $21 to $24. it will trade under the ticker usfd. private equity firm kkr may become an investor in takata. reuters reporting it's one of several p.e. firms being interviewed by takata as it undergoes restructuring. takata has been de

i'm becky quick along with joe kernan and andrew ross sorkin. the dow was down for the week but the s&p was slightly higher and the nasdaq saw a bit of a rally last week. you can see the futures are under pressure with the dow futures down by about 22 points below fair value. s&p futures off by 2.5. and the nasdaq down 5.5. >>> overnight in asia you saw green arrows across the board. overnight we saw better news out of japan and hang seng. the market closed for japan down half a percent. the hang seng down .25%. the shanghai was up .60%. check out the early trading in europe and you'll see red arrows there. the cac in france down by close to 1%. in italy the ftse was down by 2.19%. the dax is off by just ov over .60%. also, we'll check out crude oil prices today. crude oil after a big rebound you can see is down by 1.25%. wti for july, that is a new contract, is now trading at $47.81. >>> okay. we have a big top story to talk about this morning. a potential deal, jer m bayer o a deal valued at $62 billion to buy monsanto. let's talk to bayer's c

according to "the new york times" and cnbc's andrew ross sorkin reporting that peter teal bankrolledllion jury verdict. an interesting development here because we're talking about one of the most high-profile silicon valley billionaires out there who co-founded paypal and was one of the early investors in facebook. worth about $2.7 billion and he's been one of those men, peter thiel who has done a lot for journalism, supported journalists in the past. he doesn't feel this particular move to finance a move against gawker goes against that. it's just an interesting development here in a battle that has so many high-profile people in silicon valley talking about the relationship between media and, of course, the technology world, guys. >> wboy, all right. that's fascinating. greatly appreciate it. those oil prices, the cheers you heard were going up somewhere over north dakota. waiting for oil prices to come back. >> and on lower wall street. >> wall street. from north dakota to wall street. >>> coming up next on "morning joe," -- >> nobody lies like some of the people i've seen, especi

andrew ross sorkin is out today. the dow futures are up by about 40%. the s&p futures are up by 6. this comes after the nikkei was up by .70%. the shanghai composite was down. early going, you'll see in europe that things are stronger across the board. dax and germany are up by 1.86%. >>> we have a developing story out of canada impacting the oil markets. a wildfire has confirmed 400,000 acres and continues to rage. the cooler temperatures and light rain have officials feeling more optimistic they may get a handle on the devastation in the oil stands region. more than 80,000 people have been evacuated in fort mcmurray. officials say there's no timeline to return residents to the city. it's a pretty horrible devastation that's taken place there. homes have been lost. but again, people evacuated and are out of the way. >>> oil prices are reacting as the wildfire has knocked out a million barrels as a result of the fire. bp and oil firms warn they cannot deliver on certain contracts. wti is up over a dollar gaining 2.25%. >>> and more big news over the weekend. saudi arabia replacing

i'm joe kernen along with rebecca quick and andrew ross sorkin.ald trump. the likely republican nominee for president will join us to give us his take on the economy, on taxes on veep selection and much more. in the meantime let's check out the futures. which after a couple of rough sessions are indicated to open higher. europe was a little better earlier. the s&p up 10. the dow jones indicated up about 74. nasdaq indicated up about 22. >>> here is what's happening. dow component merck came in with quarterly profit of 89 cents a share beating the street's expectations by four cents. rev 30% drop in sales of the rheumatoid arthritis drug remicade as well as currency fluctuations. the stock is up to $55.25. >>> yahoo last a 15-year partnership with at&t. it awarded the contract to a tiny company. yahoo retained sdaat&t's email hosting business. >>> the labor department's weekly report on initial jobless claims comes at 8:30 eastern time. it's expected to though 260,000 new claims from last week, which would be up from 270,000 the week before. >>> go

i'm becky quick along with joe kernan and andrew ross sore wynwyn sorkin.he s&p is up by 3 points, the dow jones is up by 25 points and the nasdaq is up 4 points. the nikkei closed up .30%. hang seng was up by .80%. and a similar gain in shanghai. european equities are down across the board. the ibex in spain is down by 1.1%. the ftse is down .30%. and germany markets there closed for a public holiday. >>> oil prices are rising this morning. a long-term bear at goldman sachs now says the market has ended two years of oversupply and flipped into a deficit. the firm says this allows or follows disruption supplies from nigeria, venezuela, the united states and you can see wti is up by about 2 points. >> we were at 30 -- now it's back to 50 and you're doing the super spike. >> the super spike came out a while ago. remember the london office? >> the supply has been shrinking. is it ready to go up to 60 or 70? because they already missed the move from 27 back to 50. >> yeah. but remember the super spike, that came out of gold man's london office at the time. >> y