in america it might be a way to cotterize some of the wounds in terms of gary cohn, we saw andrew ross sorkinrom cnbc reporting yesterday that there were some executives on wall street who made calls to gary cohn urging him to resign from the trump administration we have not seen any movement by gary cohn publicly i was standing there in that lobby of trump tower during that press conference watching gary cohn who was standing two spaces to the president's right during that press conference. he looked visibly uncomfortable. looking up, looking down, sort of twitching he looked like a man who didn't want to be there didn't expect to find himself in that position. so the question is what kind of decision will he make? he comes from that sort of wall street business corporate culture that a lot of these ceos come from who made those statements yesterday we'll see whether he makes dramatic decisions here soon or stays with donald trump in his moment of political crisis. >> eamon, thank you for that sara, bringing it back to the markets. we have a one week chart of the s&p 500. despite that turmoi

we do have andrew ross sorkin working the story.been involved in "the new york times" story and others >> thank you very much >> the meantime, let's bring in our own amon javers. the president's relationship with corporate america appears to be deteriorating. >> reporter: that's certainly the appearance this is a bit of a moving target we believe this conference call is still on going right now. i have been texting with members of this council. i just spoke with a spokesperson it is not sure which members would be in and which would be out. >> i want to go back to our sue herera >> we have now confirmed with several sources that the strategic policy committee is going to disband the conference call has been on going. they are going to disband and dissolve the strategic policy committee. >> i apologize for interrupting you, amon. the group disbanding, some of the names, specifically steven swartzmen, who has been one of the president's closest confidants and at the white house on numerous occasions and part of this group and otherwis

andrew ross sorkin's piece andrew writes outraged in private, many ceos fear the wrath of the presidentwrites it's a fair critique of the president that he didn't condemn the bigoted acts over the weekend, and call them out for what they were while ceos may call out the hate will they have the fortitude to call out the president sums up what we've been discussing all morning in terms of condemnation of the action over the weekend from various ceos and pr departments, but have some gone as far as calling out the president himself. the thing i was going ask andrew this morning, given the extension of what the president said yesterday afternoon, does he change that conclusion? has he heard enough already? or does he think ceos have heard enough to not now call out the president? we'll await that answer coming up on "squawk box. >> and can frazier of merck, who stepped off the council, stepped down in a sharply worded statement, under armour ceo and intel ceo, a little more wishy-washy. they made a strong statement by stepping off the council, more having to do with the fact they didn't wan

i'm becky quick along with joe kernen and andrew ross sorkin. look at the u.s. equity futures.owing sharply higher. dow futures indicated up by 73 points s&p indicated up by 7. the nasdaq indicated up by 23, this after a flat day for the markets yesterday. markets ended mixed but everything around the flat line. we'll see what happens as we get closer to the opening bell if you want to see what happened overnight in asia, you'll see that the nikkei ended down by 0.1% hang seng was up. shanghai was weaker. and in europe, you'll see that at least at this hour th

but in a new column in "the new york times," andrew ross sorkin argues the mass exodus was symbolic andwon't stray too far from the white house after all. cnbc's andrew ross sorkin joins me now. part of what you wrote, the resignation en masse was importantly symbolic but nothing more. lest anyone believe business world has collectively gotten up from the table and washed its hands of washington and the trump administration, think again. what makes you say that? >> there's some kind of grand misunderstanding about what happened last week, which was yes, it was important for the ceos to get off the councils to align themselves or the way they used to be, perhaps, with the president in a way that looked like they were endorsing, implicitly or explicitly endorsing what the president was doing so, walking away from that was important. the distinction is yes, they're off those councils but those councils were theater, always theater. they were props in the president's theater. the president -- >> they were a way for them to have access to the president. >> absolutely. >> maybe more. and let

welcome back to "squawk box," life from the nasdaq marketsite in it times square i'm here with andrew ross sorkinnd joe kernen, did you see how smooth that was? i was supposed to say andrew ross sorkin. i caught it. >> it's important to think about what you're saying, because sometimes they put stuff in the teleprompter that you don't want to say. >> right. >>> futures this hour are suggesting a positive open. >> president trump didn't go off-script. >> generally the big speeches he tends to stick to the teleprompter >>> boeing and northrop t. the pentagon had asked the defense industry to come up with proposals to replace the current minuteman 3 system, which has been in place for 45 years. >>> >>> toll brothers is well above the consensus. the bottom line, and a 6.5% increase in the average price of the delivered home apple has reduced the wait time for customers to get its airpod wireless headphones. originally the wait was about we six weeks, now it's cut to two to three weeks others say it can't reflect reduced demand. >>> ray dalles i don't is reducing risk because of washington worries the

normally at the beginning of this segment i say read andrew ross sorkin's piece.'m not going the tell you because larry just put a piece out in "the washington post" saying following the ceos maybe the cabinet members need to leave. take break from andrew and go straight to larry summers today. great to see you. andrew, always. >> thanks. >>> up mex, "money, power, politics." a new investigation from "the new york times" and e republica shows just how effective president trump has been at draining the swamp. he may have taken the frogs out but not the toads. ive. it's fine. because i get a safe driving bonus check every six months i'm accident free. because i don't use my cellphone when i'm driving. even though my family does, and leaves me all alone. here's something else... i don't share it with mom. i don't. right, mom? i have a brand new putter you don't even know about! it's awesome. safe driving bonus checks, only from allstate. sometimes i leave the seat up on purpose. switching to allstate is worth it. let's take a look at some numbers: 4 out of 5 people w

andrew ross sorkin has been covering this for the "new york times," where he's a columnist and editor. he is also co-anchor of "squawk box" on cnbc. >> brangham: welcome to the news hour. >> thank you for having me. >> brangham: so tell me, were you surprised by this exdoes of c.e.o.s? >> i was surprised only in so far of the timing. i always imagined at some point there would be a break with this president. what i didn't know was what it was going to take for some of them, if not in this case, all of them to stand up and effectively rebuke the president. when they got involved with the president early on in his tenure, within first month really going to these meetings at the white house, going to these photo ops, having these council-like sessions, there was always a question as to what they were going to do if the president didn't do some of the things they wanted to see, whether it be the climate change issue, whether it be how he was treating immigrants and immigration as a policy issue. clearly they have an issue with taxes, and they want to reform taxes, but i think on this issu

mcnabb >> let's bring in andrew ross sorkin andrew >> i want to give you a little bit of background of what's taken place over the past 24 or 48 hours in terms of how this group ultimately disbanded, what led to it. we had been hearing privately from a number of the ceos on this council raising a question of whether he will awan done thbandon this gr. >> united technologies is putting out a statement. even though president trump has tried to front run these, he is saying now that he, the ceoo. united technologies. earlier this year, i was asked to participate in this council i'm reading this off my phone. basically, similar to what we have heard from others >> in large part, because the president has now front run this statement, there is a draft statement that is being prepared, which i imagine we will see very soon from this council. just to the give you a sense of how this all happened, in fact, it didn't just happen because of yesterday. they began calling each other on monday, monday night you could argue this was led by women to some degree larry fink and others joined there was

shares of ross stores, andrew ross sorkin stores -- no, ross stores jumping this morning.etailer posting earnings and sales above wall street estimates. the company also forecasts sales growth for the second half of the year and power generation provider cal pine has agreed to be acquire by private equity firm energy capital partners. this deal is worth 15.25 a share in cash or $5.6 billion. cal pine will retain its current management as part of the deal >> i was thinking back, cal pine was -- remember when enron was really hot >> yep >> it was ahigh flyer. that was the same kind of -- was it the same period, i think, that cal pine was really happened did then went down all the way to single digits, right? it's still around. still got a name >> you're not as excited now you were excited last hour >> big deal. cal pine was a big deal -- >> they haven't had a big deal in awhile. >> there haven't been any big deals because i really think that the big deals in the m&a report flourish when things are slow when they have to be these things to sort of show revenue growth, or -- >

welcome back to "squawk box" on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkinith joe kernen, and michelle caruso-cabrera is hanging out with us today. a look at u.s. equity futures at this hour. not in the most positive way things look like they would open off about 22 points. the nasdaq opening down about 10 points the s&p looking to open down about 4.5 points let's show you what's happening overnight in asia. hong kong was closed because of a powerful typhoon the tomorrstorm uprooted trees,d 400 flight cancellations >>> european equities at this hour, we'll -- those are some powerful images, let's show you europe red arrows across the board.

i'm becky quick along with andrew ross sorkin and melissa lee. joe is off today it's jobs friday emphases on friday the july employment report is out at 8:30 a.m. eastern time. we're looking for non-farm payrolls forecast to rise by 180,000. that compares to the 222,000 gains that we saw back in june that number was much stronger than anybody had anticipated the unemployment rate is expected to tick down to 4.3% in july compared to the 4.4% number we got last month. >>> u.s. equity futures, things are in the green the dow is indicated to open up 33 points after closing at yet another record yesterday we're looking at eight days in a row of gains for the dow s&p futures are indicated up by 4 points this comes after the s&p saw its biggest decline in nearly a month yesterday. that was a loss of just 5 1/2 points the nasdaq is looking like it's indicated up by 6 1/2 points nasdaq now is indicated -- or is slightly lower for the week. we'll see what happens >>> look at what happened overnight in japan the nikkei was down by 0.3%. the hang seng was hi

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.quity futures. they are indicated higher. the dow indicated up by 44 points if we were to open here, we would open above 22,000. we only need 36 points today to break 22,000 for the first time on the dow jones industrial average. it looks like the nasdaq is indicated up 42, and the dow up 44 apple with very strong earnings. >>> overnight in asia, you'll see that the nikkei was up by almost a half percentage point the hang seng up by a quarter percentage point in europe in the early trading, it's a similar picture you can see slight declines across the board the dax down by 0.2% ftse down 0.4% cac is down by 0.3%. the dollar, which is showing such weakness in recent weeks, this morning it's down against the euro trading at 118.31 dollar is up against the yen, 110.77 crude oil down another 15 cents. >> a lot of stories to talk about. the trump administration reportedly planning to take aggressive trade action against china. the "new york times" reporting that the trade case will focus on

i'm becky quick along with joe kernen and andrew ross sorkin. look at the u.s. equity futures. they are showing sharply higher. dow futures indicated up by 73 points s&p indicated up by 7. the nasdaq indicated up by 23, this after a flat day for the markets yesterday. markets ended mixed but everything around the flat line. we'll see what happens as we get closer to the opening bell if you want to see what happened overnight in asia, you'll see that the nikkei ended down by 0.1% hang seng was up. shanghai was weaker. and in europe, you'll see that at least at this hour there are some green arrows across the board. cac is the biggest gainer of the three major averages up by 1.1% the dax, up by 0.9%. the dollar, take a look. you'll see that the dollar is up against the euro, trading at 1.17 up against the yen at 110. you can check out crude oil prices yesterday a down day for oil you saw oil stocks come under significant pressure this morning wti up by 33 cents to 47.88 >> a couple of big stories we're watching in the business world, we'll get to the politics of it all in a secon

i'm andrew ross sorkin along with becky quick and joe kiernan. looks about 12 points off, the nasdaq off about 15 points down and s&p 500 looking off about 3 points we do have a number of earnings reports this morning, including alibaba and one that's crossing the wires as we speak. >> walmart quarterly results just out courtney reagan has the numbers. >> good morning to you, becky, and to everyone. walmart second quarter earnings beating the street by a penny. that's adjusted on stronger than expected revenues of $123.55 billion. also raising the lower end of its previous guidance range now at 430 to 440. that brackets analysts' consensus of 4.37. u.s. comp sales growing 1.8% in line in estimates and the 12th straight quarter of u.s. comp sales growth traffic also higher for the 11th straight quarter nine of the 11 of walmart countries where it operates saw their comp sales grow. now, the discounter's u.s. online net sales grew 60%. the sku count, the items available, grew from 50 million last quarter to 67 million now walmart's cfo brett biggs,

i'm becky quick along with joe kernen and andrew ross sorkin. >>> a massive manhunt is underway in spainan into a crowd of pedestrians in barcelona yesterday. early this morning spanish police confirmed a second suspected terror attack in the town of cambrils many things are happening so far. let's run you through what we do know 13 people are confirmed dead, more than 100 others are injured in the barcelona attack. authorities expect the number of deaths will rise isis claimed responsibility for the attack, but has offered no proof. the town o

i'm andrew ross sorkin with joe kernen, michelle caruso-cabrera is hanging out with us today look at.s. equity futures at this hour after the president spoke about afghanistan last evening. dow looks like it would open up higher by 50 points. nasdaq looking to open up higher about 23 points. s&p 500 looking to open about 4 points higher. let's show you what's going on overnight in asia. a hang seng and shanghai composite both up. as we fly over to europe you can see what's going on there. green arrows across the board. a look at crude. wti trading at 47.51 >> here are the big stories we're watching ra

of the hosts for the event with secretary mnuchin along with cnbc's co-host of "squawk box," andrew ross sorkinandrew, steven manuchin thinks this will fly through congress. i think baloney. you say? >> i say we of heard that story before. i think you'll gt some kind of tax reform, and i do think that steve mnuchin and gary cohn are more competent than the last group who tried to do health care, so you have a better chance. but if you really look at where the fault lines are even within the gop, it's going to get complicated very quickly. >> it's no surprise democrats are saying this isn't tax reform, it's a tax break for the rich. i want to share what was said yesterday. >> a lot-new senators want tax reform, but if i read this right, what president trump and the republicans in the senate are going to do is just cut tax for rich people and call it tax reform and blow a whole in the budget that my grandsons clayton and leo and milo will have to pay for in 20 and 30 and 50 years. >> of course that's what we're going to hear from -- >> the same old class warfare. it is nice to hear the senator on

i'm becky quick, along with joe kernen and andrew ross sorkin.july with a record close look at that, up 2.54% the dow posted eight record closes in the month of july. year to date it's had 30 record closes the dow, s&p and nasdaq have their best monthly perform man since february the nasdaq up by 3.3%. the u.s. equity futures at this hour, you will see this morning things are indicated up again. the dow is indicat

i'm andrew ross sorkin along with joe kernen and melissa lee.ecky quick is off today look at the equity futures at this hour. the dow would open about 40 points higher. s&p about 4 points higher. the nasdaq a little over 16 points let's look at overnight in asia, a nikkei up over 1%. shanghai composite up as well. hang seng off marginally in european markets, looking at green arrows we should mention markets in greece and italy closed for assumption day i won't make assumptions about that a quick look at crude. if you're buying it by the barrel, 47.53 >> home depot is just out with earnings results are good 2.25 a share see how the stock reacts 3 cents above revenue. comparable-store sales, an important metric to watch, up 6.3% the consensus was for under 5, 4.9% so that's a significant outperformance home depot raised sales and earnings guidance for the full-year. as you can see, it's been a grade p great performer. if we went back any period, two, five, ten years. very close today we'll see if it will trade at a new high >> its last earnings r

i'm becky quick along with andrew ross sorkin joe is out, but sitting in with us once again is kevin o'leary thanks for being here. >> i've really enjoyed it. this is a great show in case you didn't know. >> well, we love having you here and you come to splplay every dy let's take a look at the futures. there have been some global concerns about the stepped up rhetoric from north korea and from the united states you can see this morning that the dow futures are indicated down by about 51 points. yesterday was the first time in ten sessions that the dow actually closed lower and you can see this morning that the s&p futures are down by about 11 1/2, nasdaq down by 46. again concerns about north korea showing up in the marketplace, but not in any extreme sort of measure. overnight in asia, you saw similar concerns as markets in both japan and korea came under pressure the nikkei down by 1.3%, that is a 2 1/2 month low. hang seng off by a third in europe, you can see similar concerns playing out there the cac is the biggest loser in the major averages declines of over 1.25% and for stoc

i'm becky quick, along with joe kernen and andrew ross sorkin. the dow finished july with a record close look at that, up 2.54% the dow posted eight record closes in the month of july. year to date it's had 30 record closes the dow, s&p and nasdaq have their best monthly perform man since february the nasdaq up by 3.3%. the u.s. equity futures at this hour, you will see this morning things are indicated up again. the dow is indicated up by triple digits. a gain of 115 points expected if we were to open here s&p is indicated up by 8 points. the nasdaq up by 31 points overnight in asia, you'll see that the market there's also ended higher with the nikkei up a third of a percentage point. the hang seng up 0.8%. the shanghai up 0.59%. and the kospi up 0.84% in europe this morning, you will see similar moves. gains across the board there the dax is up by 0.55% so is the cac. ftse up by 0.8%. if you check out wti, crude oil, $50.27 wti for july broke a four-month losing streak. had its best month since april 2016 look at the dollar index, the dollar in

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.y are indicated higher. the dow indicated up by 44 points if we were to open here, we would open above 22,000. we only need 36 points today to break 22,000 for the first time on the dow jones industrial average. it looks like the nasdaq is indicated up 42, and the dow up 44

i'm becky quick along with andrew ross sorkin and melissa lee.today it's jobs friday emphases on friday the july employment report is out at 8:30 a.m. eastern time. we're looking for non-farm payrolls forecast to rise by 180,000. that compares to the 222,000 gains that we saw back in june that number was much stronger than anybody had anticipated the unemployment rate is expected to tick down to 4.3% in july compared to the 4.4% number we got last month. >>> u.s. equity futures, things are in the green the dow is indicated to open up 33 points after closing at yet another record yesterday we're looking at eight days in a row of gains for the dow s&p futures are indicated up by 4 points this comes after the s&p saw its biggest declin

i'm becky quick along with joe kernen and andrew ross sorkin. a slight amount of pressure the nasdaq just went positive. the dow futures down just about 8 points, this

i'm andrew ross sorkin along with joe kernen and michelle caruso-cabrera becky is off this week takeook at equity futures as we try to figure out which way the market will open up after the weekend. dow looks like it would higher about 8 1/2 higher, s&p 500 and nasdaq both slightly off in asia, a little bit of a mixed picture there. and then if we g

i'm andrew ross sorkin along with joe kernen and kelly evans. becky quick halt day off look at u.s.quity futures now as we figure out which way the market will set itself up. the dow looks to open higher by 38 points. the nasdaq up about 7 points the s&p 500 up neighbor 1.5 points higher. overnight in asia. we'll show you what has been going on bit of a mixed picture there the nikkei down marginally shanghai down. hang seng looking on the green side if you swing over to look at european equities, looking at green arrows across the board.

i'm becky quick along with andrew ross sorkin joe is out, but sitting in with us once again is kevin thanks for being here. >> i've really enjoyed it. this is a great show in case you didn't know. >> well, we love having you here and you come to splplay every dy let's take a look at the futures. there have been some global concerns about the stepped up rhetoric from north korea and from the united states you can see this morning that the dow futures are indicated down by about 51 points. yesterday was the first time in ten sessions that the dow actually closed lower and you can see this morning that the s&p futures are down by about 11 1/2, nasdaq down by 46. again concerns about north korea showing up in the marketplace, but not in

we'll talk "money, power, politics" with my friend, my favorite, cnbc's and "new york times" andrew ross sorkint a piece on this last night. the business pressure, the ceos are outraged in private but what do they do in public? >> that's the issue. so many rr outraged by the president's lack of response over the weekend to the situation in charlottesville and so many of them i think to some degree want to say something publicly, not just something about the hate and the violence, which many of them have said, but about the president's reaction and what that says about leadership and sort of the moral courage to do that. the issue for them is look what happened yesterday. as one of them said to me, did you see what happened to ken? he got whacked. i'm not putting my head above the clouds. so that's sort of the big issue right now, what does it mean to be a leader today of a big company like this? do you call out the president? and if you d call out the president, what does it mean commercially to your business? >> maybe it's a positive. this is not a right or left issue. what happened in charlot

sarah, always good and of course, andrew ross sorkin, thanks for joining us on "squawk alley. let's toss it over to the half.e repor report". i'm scott wapner a perfect ten. the dow going for another record close today. it would be its tenth straight how long can this rally go, even as some now are warning of trouble ahead. joining us for the hour, joe terranova, stephanie link, josh brown. we begin with stocks pushing higher once again today. josh, i just heard you talk about the xlf and the breakout it had >> 24 1/2 was obvious resistance once it came through on high volume and a lot of participation, meaning you had a significant number of names in the bank index, all breaking above 50-day, 200-day moving averages you knew it was on and you knew they would chase these names, because they do it every time. and it didn't have to necessarily coincide with good earnings, but the fact is you had good earnings, and look, i don't see any reason why you would look at this and say, this is a negative. again, banks are 15% of the s&p 500. they've been biding their time that is not li

i want to bring in my friend, cnbc's andrew ross sorkin, host of "squawk box" and "new york times" columnistnd founder of deal book. google has already fired this guy. they detective have a choice. any giant company has policies, and a random unnamed person within a company can write something, you represent your company's brand, code of ethics. you can't stay after that. >> practical reality is he can't stay, because he can't work there because you have to imagine the people around him are going to unlikely want to work with him. but this is raising a much larger question. this is not just a corporate story or even a google story. this is a story about the discussion we're having in america today for pert or worse. i disagree with what he wrote profoundly. >> heck, yeah. >> however, if you look at what happened in this last election, if you look at the sort of underlying feelings in this country, there are a lot of people for better or worse who feel way this gentleman does and the question is should we have that tis course. >> should we have that discourse. you're saying let's talk about i

sarah, always good and of course, andrew ross sorkin, thanks for joining us on "squawk alley.it over to the half.e repor report". i'm scott wapner a perfect ten. the dow going for another record close today. it would be its tenth straight how long can this rally go, even as some now are warning of trouble ahead. joining us for the hour, joe terranova, stephanie link, josh brown. we begin with stocks pushing higher once again today. josh, i just heard you talk about the xlf and the breakout it had >> 24 1/2 was obvious re

i'm andrew ross sorkin along with joe kernen and kelly evans. becky quick halt day off look at u.s. equity futures now as we figure out which way the market will set itself up. the dow looks to open higher by 38 points. the nasdaq up about 7 points the s&p 500 up neighbor 1.5 points higher. overnight in asia. we'll show you what has been going on bit of a mixed picture there the nikkei down marginally shanghai down. hang seng looking on the green side if you swing over to look at european equities, looking at green arrows across the board. importantly there the italian ftse up over 1%. finally quick look at the dollar maybe that's moving some of this euro/dollar, 1.18. >> 1.18. remember earlier this year, it will be below parody, 94 cents it shot completely the other direction. >> yes >> amazing frt don't belie >> don't believe what you read what you're seeing here is true. >> these newspapers so problematic. speaking of stories, the big ones today, a major storm gath eari gatherring strength in the gulf of mexico. harvey was upgraded to a tropical storm overnight crude oil prices,

box" here on cnbc live from the nasdaq marketsite in timessquare, i'm joe kernen along with andrew ross sorkin's get a check on the markets, which are indicated to open sharply higher this morning. triple digits on the dow up 121 points. s&p indicated to open 14 points high higher the nasdaq indicated up 37 all of this would be a bit of a snapback from some weakness that the markets suffered last week >>> among today's top stories, japan's economy grew at the fastest pace in more than two years in the second quarter growing 1% quarter on quarter, beating the 0.6% economists were expecting the nikkei finishing lower 5% stronger yen really weighing on that index uber meantime reportedly considering three investment office to buy the company's shares according to "the new york times," the ride hailing services board has voted to move forward with proposals from two investment groups, and is also considering a third offer. uber voted to take the next step on investment interest from softbank the board also okayed going ahead with the proposal from a coalition led by the dragon year investment grou

squawk box" this morning we're right here live at the nasdaq marketsite in times square, i'm andrew ross sorkinbecky quick and mr. wonderful, kevin owe ly'lea here cnbc contributor, and we love having him here. already hanging out and looking at these -- talking about how to improve the love -- it doesn't need improvement but this lovepot business we've got an idea for them >> i don't even know i have a ceo if i can just have you tell them what to do every day. >> and it's a free service the futures, at this hour, take a quick look, see what's going on dow looks like it would open up marginally higher about 2 1/2 points nasdaq we'll call it half a point. and the s&p 500, off by 1.5 points headlines at this hour, small business optimism was on the rise last month. the monthly index from the national federation of independent business rose 1.6 points to 1 05.2 in july led by an increase in hiring 60% of small business owners either hired new workers orattempted to do so although many said they were having a tough time finding qualified workers. the conversation we've had at this table many a time

live from the nasdaq marketsite in times square, we are, i'm andrew ross sorkin along with becky quick with us for the next few days, kevin o'leary, mr. wonderful, chairman, shark tank investor, cnbc contributor steve forbes is with us, as with el we're going to talk to him in just a moment. the futures, see what's going on set up this monday morning you're looking at some green arrows across the board. dow looks like it would open up about 16 points higher nasdaq up about 6 points and the s&p 500 looking to open we'll call it just marginally up for now. here's what's making headlines at this hour tesla planning to raise $1.5 billion in debt to help it with its scale-up of that model 3 production and to shore up its balance sheet. ceo elon musk had said recently that the automaker was considering a debt offering but not considering issuing more stock shares to raise money. so this is the answer to that. >>> also, shares of metlife's spinoff brighthouse financial begin trading today. that contains what used to be metlife's u.s. life insurance business brighthouse is also becoming a memb

we'll talk about the fall out with andrew ross sorkin. fascinating to really understand how some of this came together early conversation happening between mary bara at gm and of course pepsico all seem to be some of the earliest movers. he was part of this and then there was a conversation that happened before yesterday's final meeting of the entire council where larry fink from black rock had gotten together or gotten some of these folks on the phone as well. there does seem to have been a concerted effort going into this meeting and to put some pressure on him to call the meeth and then of course to disband it we reported yesterday jamie dimon also was active in all of this so from what we understand it was always a comply katd situation for him given that he represented jp morgan and of course 200 ceos their job is to have a seat at the table but we're told when that meeting began he got on the call and he said it is over from his perspective and then of course the great combination with all of this, he called jared kushner to say we

andrew ross sorkin, thank you for joining us from midtown manhattan. >>> tjx, coach, home depot and dick'sults most of them not faring too well we'll get to the numbers how the soaring stock is helping to ramp up production at the company. phil lebeau is at a boeing plant. the channels you love. your favorite shows and movies. making your iphone into more of a... oh my tv is ringing. hey...i'm in the middle of a...a second iphone from at&t? okay! right now when you buy a new iphone 7 from at&t you'll get a second iphone 7 on us. and power both with unlimited data and live tv. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> results from home depot, coach, tjx and dick's. courtney reagan has been digging through the numbers. start wherever you want,

push from the congress, a big push from the business community, and i thought both larry and andrew ross sorkint the top of the hour on your air about this. >>> three quick a good minutes thank you. we appreciate it. >>> up next, the so-called business president, but does he need a refresher in management 101? >> accomplice cisco and l brands going up after their earnings report l brands down nearly 8%. we'll be right back. d. their leadership is instinctive. they're experts in things you haven't heard of - researchers of technologies that one day, you will. we call them our team. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. a. >>> president trump disbanded economic council on today, why the ceos may have decided to disband. jeffrey cohen joins us here at post 9 you know, we're already looking ahead. now what what do you think happens now to the business agenda? that's been so important to the president's agenda first of all, i think it's interesting to look at why they disband

welcome back to "squawk box" on cnbc we're live at the nasdaq market site in times square i'm andrew ross sorkinlong with joe kernen, and michelle caruso-cabrera is hanging out with us today. a look at u.s. equity futures at this hour. not in the most positive way things look like they would open off about 22 points. the nasdaq opening down about 10 points the s&p looking to open down about 4.5 points let's show you what's happening overnight in asia. hong kong was closed because of a powerful typhoon the tomorrstorm uprooted trees,d 400 flight cancellations >>> european equities at this hour, we'll -- those are some powerful images, let's show you europe red arrows across the board. everything down. and a quick look at crude now, wti 47.64. >>> ecb president mario draghi just wrapping up a speech in germany. he says all kinds point to a strengthening and broadening recovery in the euro area. you can see 1.178 euro/dollar. not quite the haven't high we've seen lately but getting there. we'll hear more from mario draghi on friday when he speaks at jackson hole. fed chair janet yellen will also sp

i'm andrew ross sorkin along with joe kernen and michelle caruso-cabrera becky is off this week take look at equity futures as we try to figure out which way the market will open up after the weekend. dow looks like it would higher about 8 1/2 higher, s&p 500 and nasdaq both slightly off in asia, a little bit of a mixed picture there. and then if we go to europe, we have red arrows pretty much across the board and wti crude, right about now you can trade it for 48.49 >> here are the big stories we're watching warren buffett's berkshire hathaway was outbid for oncor. senpra will buy it for $9.5 billion in cash. hedge fund elliott management which is the biggest creditor to oncor had opposed the sale to berkshire and arguing that it undervalued the company. berkshire said it would not raise its offer. >>> in another deal, maersk agreed to sell its oil unit to total for nearly $5 billion. the transaction is the latest sign of consolidation in the oil and gas industry which has been dealing with a do you know t.u.r.tur downturn the deal is still subject to rely laer to approval. >>> and

andrew ross sorkin is reporting that even though the trump administration has touted slashes of regulationsat few top publicly traded companies cite deregulation as ab accelerant for their growth. let's bring in cnbc's dominik chu to give us more on this. if i'm -- if i'm not mistaken, the rnc is now trumpeting the trump line, which is false. you could call it a lie. we'll be polite and say it is inaccurate. saying what happened the first six months of 2017 was unprecedented for a six-month time period, when, in fact, it happened the first and second part of 2013, the first and second part of 2014, the first and second part of 2015, and the first and the second part of 2016. is that correct? >> i mean, so that is fair to say. there was a lot of momentum for corporate america heading into this first half of the year, and it's continued into it. i mean, yes, deregulation and some of the ideas of health care and tax reform may fall into some of those drivers, but like we said, i mean, corporate earnings are definitely a big part of that whole optimism in the market right now. the vast majority

i'm becky quick along with joe kernen and andrew ross sorkin.utures under a slight amount of pressure the nasdaq just went positive. the dow futures down just about 8 points, this comes after the dow closed above 22,000 for the first time ever. it's down this morning by about 8 points s&p indicated down slightly. in japan, the nikkei closed down by 0.25% the hang seng down by a similar amount the shanghai down by 0.3%. if you look at what's happening in europe, things are mixed. the dax is down by 0.2%. the cac is up by that much the ftse is relatively flat. up by 0.1% check out the dlollar this morning. has been a rough month or so for the dollar dollar is up against the euro this morning 1.1844 is where the euro is trading. dollar/yen at 110.59 crude oil prices, yesterday crude closed close to $50 a barrel 49.59. this morning up 20 cents 49.79. >>> a couple stories we're watching this morning. check out the rally in shares of tesla. to topping wall street estimates with a narrowly than expected quarterly loss deliveries came in strong. on the