i'm andrew ross sorkin for "nightly b >>> well, starbucks investors aren't t t happy about departuref howard schultz. the news sent shares of the stock lower in trading today.ou no those same investors want to know what is next for starbuckshend how company plans to overcome a number of challenges. kate rogers has that part of the story for tonight. >> reporter: it's a new era for starbucks as founder and executive chairman howard schultz steps awe he made into name over the past 30 years. >> please come in. >> reporter: now the focus is on kevin johnson, the company's ceo who has been at the helm since last year. the two men worked closely together and analysts say th johnson to step out of schultz' shadow. >> i think this will be an opportunity for even to show himself and show heoesn't need to rely on howard and he can leverage the experience and talented the rest of the team. >> reporter: schultz' departure mes at a time when the esmpetition for consumer dollars is fierce as compa from mcdonald's are offering steeper values on coffee. stbucks isocused on mobile as well as the con

>> this morning in "the times" andrew ross sorkin writes the government's case always felt political. sounds like you kind of agree with that. >> first of all, vertical mergers are not usually challenged in such a way i think that the administration has made it very clear that, like cnn perhaps or some other aspects of time warner but i think the main point is that the justice department lot it from a cable television pointf view and whether going to raise prices in that particular world, which possibly could, but the real issue was, is time warner better off to fight a netflix or tech companies by itself or is it better off with at&t? and the answer is resounding that it's better off with at&t look at the terrible job the did competing with hbo, which was kind of precursor to a netflix if you'd like. they d a v very bad job. that's the real battle is the tech companies, not the cable companies. >> one of the key questions is

andrew ross sorkin broke the story and has more from seattle on schultz's departure. >> reporter: it is the ends of an era at starbucks. howard schultz, the executive chairman of starbucks, announcing he's going to be stepping down from the company and the company's board at the end of the month. of course, howard schultz built today's modern starbucks from just 11 stores here in seattle to 28,000 stores in 77 countries around the world. the announcement coming a week after the company closed down stores for four hours in the united states for an anti-racial bias training program after an incident in philadelphia. mr. schultz had planned to step down in may but his plan was up ended by what happened in april. his decision to step away from starbucks likely to fuel speculation he could run for president in 2020. he has been quite outspoken on be a number of big social issues and his name is often bandied about among a number of executives. in a letter to employees today, schultz said i'll be thinking about a range of options for myself, from philanthropy to public service, but i'm a l

andrew ross sorkin was making a similar point this morning, you have almost value and growth within one because of the different stories in the u.s. and china. >> i love the way andrew squeezed his head on politics. one point he made that i agree with, if you get into the race, into the nastiest of politics, does it taint the brand you built? you're associated with a company for 30 years ande ranting and raving in politics that could hurt a stock. >> he's always had his voice in politics as he not? >> he doesn't have to rant and rave >> everybody has to rant and rave >> he won't win if he doesn't, but you don't have to. >> politics is nasty does he taint his stock if he gets into the game >> you also have the idea of which an iconic ceo leaves this is not just the ceo >> there's no evidence to support that there really isn't >> the stock hasn't done anything since 2015, right so he kind of stepped away and the stock hasn't done anything >> disney did fine after wall disney i don't believe in that stuff. >> i think people are wondering what kind of company disney would be without iger. i

i'm sure that andrew ross sorkin is going to ask him, because we have a big, exclusive interview at 8th howard schultz, now outgoingtive chair of starbucks. do not miss that >>> all right, a lot more to do today on this show also topping your headlines, apple's ceo tim cook opening up a bit, talking to cnn about everything from tech regulation to stock price to data privacy >> well, i think the privacy thing has gotten totally out of contr control. and i think most people are not aware of who is tracking them, how much they're being tracked, and sort of the large amounts of detailed data that are out there about them >> now, cook also downplayed apple's record stock run a built, saying he's not focused on the company's market cap as it nears that $1 trillion mark >> for us, we believe that if we do the right thing for our users, if we put them at the center of our experience, which we always do, and we're focusing on innovating and delivering the right products, that the results, which are things like market cap and revenues and profits, that that will come from doing these things rig

i'm becky quick along with andrew ross sorkin joe is off today joining us is kerry firestone, ceo of asset management. thanks for being here. >> thanks for having me. >> let's look at the u.s. equity futures. yesterday was a wild ride for the markets. the dow was up nearly 286 points at its highest levels. it ended the day down by 165 points as concerns crept back into the market. it was that interview with steve mnuchin on "squawk box" yesterday that started things, got people thinking that maybe the trade talks, all the tough talk buz

i'm becky quick along with joe kernen andrew ross sorkin is live in france at the cannes lions you sawking to one of the new heads of wpp, he will be back talking with another guest. >> good morning. >>> let's check in on the markets. u.s. equity futures at this hour are indicated higher after a down day for the markets yesterday. right now the dow indicated up by 118

let's get straight to andrew ross sorkin who broke this story earlier. andrew. >> big news here in seattle. it is the end of an era for starbucks, as you just said. howard schultz announcing his plan to step down not just from his role at the company as executive chairman but also from the board and that decision fueling some speculation that he could pursue public service, that this might be one step before that. i should tell you that myron ullman, the former chairman and ceo of j.c. penney will be appointed the chaiof starbucks. mellody hobson, many cnbc viewers know very well, also another board member appointed vice-chair as part of this transition kevin johnson, the ceo of starbucks, will remain in place. in large part you talked about the stock falling 1%, but this transition has been in place quite some time. i remember being here in seattle when howard schultz stepped down as ceo and perhaps that was the more momentous decision in terms of the company's future. questions about the company's future of course continue. there has been huge growth in

i'm becky quick along with joe kernen and andrew ross sorkin. yesterday the markets ended mixed, jusbarely dow down about a point and a half this morning some modest advances dow futures indicated up by 18 points s&p up by 2. nasdaq up by 9 let's take a quick look at treasury yields. yesterday you saw the yield on the ten-year treasury unchanged at 2.959%. this morning 2.957%. >>> a judge approving at&t's comcast expected to be biddingr. for fox, 21 century fox's assets as early as today. we brought in david faber here this morning to tell us what is about to happen. >> is that what i'm here to do >> that's what you're here for >> you're a swimmer. he said you have big guns. >> thank you >> you're welcome. >> i'm trying. when you getage, uh, but my able, trying to keep it together >> put us side by side not that much different. >> you're right. >> be positive >>ntitrust hell, remember all those deals? >> yeah, it's about physical condition and hair >> thank you >> and height. >> that's a problem. >> the segment's over. so what will happen? >> an

welcome to "squawk cnb i'm becky quick along with joe kernen and andrew ross sorkin. the u.s. equity futures as joe mentioned we are looking at red arrows dow futures down by 130 points if we were to open the dow would open below 25,000. that was a decline of 0.9% on the week the s&p up and the nasdaq up pretty sharply at least relative to the other indexes it was up by 1.3%. you can see this morning the nasdaq looks like it would open down by 40 points and s&p by 12. the dow is on track for the biggest monthly loss with treasuries what's happening? the ten year note yielding 2.9%. you'll see the 30 year sitting above 3% at 3.043% and then let's take a look at oil prices. oil prices last week were down by aboces. you do have that big meeting, opec in vienna that's why brian sullivan is there getting ready gleerg up -- gearing up for this. >>> a couple of big stories we're watching perhaps the biggest this morning, google investing $550 million in chinese ecommerce giant jd.com google will be promoting jd products on the shopping service. >>> also, audi ceo has been taken into

i'm becky quick along with joe kernen and andrew ross sorkin. 's national doughnut day, andrew is gearing up >> you think it's like a contest. i just enjoy doughnuts you guys can have the contest. you should all eat and drink in moderation >> nathan's. >> it's like the hot og. >> one or two times i just kept eating the doughnuts it's more because i enjoyed them i'm not having a contest >> it's a contest. >> there's no time constraints you have three hours it's not like the hot dog people >> i don't even see doughnuts around >> we'll get them for you. u.s. equity futures, yesterday the markets were back down on concerns of tougher trade talks after the tariffs that were dropped on many of our trade partners >> tougher trade talks and tariffs -- >> i almost threw in trump >> awesome >> yesterday the dow was down by 250 points this morning green arrows across the board. dow futures up by 136 points s&p up by about 14 the nasdaq up by 31. treasury yields after the trump tariff trade talks, treasury yields sitting at 2.884% let's look at what happened

i'm andrew ross sorkin with michelle caruso-cabrera and mike santoli.it would open off 168 points down. nasdaq about 68 points down. s&p 500 down about 15 points we've got some headlines affecting the market this week the vote had been scheduled friday for immigration bill. also, amazon is going to be offering discounts nationwide at whole foods for members of its prime program. it will roll out nationwide, that's going to happen tomorrow. >>> take a look at shares of campbell soup. follows a report in the new york post saying that kraft heinz may be interested in buying the company. they've been interested in that for some time. everyone said talk to the hand they believe campbells will look at options also says general mills could be an interested buyer as well. >> there have been changes at campbell soup. >>> general electric is close to a deal to sell its business to advent for about $3 billion. the sale could help streamline ge's power division which saw profits fall 45% last year >>> intel being downgraded this morning do neutral at nomura price t

i'm becky quick along with joe kernen and andrew ross sorkin. ughnut day, andrew is gearing up >> you think it's like a contest. i just enjoy doughnuts you guys can have the contest. you should all eat and drink in moderation >> nathan's. >> it's like the hot og. >> one or tw

happy friday i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.quity futures. yesterday was a mixed day for the markets. the dow was down, the s&p and nasdaq were higher this morning there are som arrows weighing on things. s&p is off by 10, the nasdaq off by 13. look at treasury yields. yesterday the yield sunk further, down to 2.948% this morning 2.928% probably has something to do with what we heard from the ecb yesterday. we'll talk more about that in a moment check out what happened overnight in asia. you will see that the nikkei ended up by a half percentage point. hang seng was lower, and the shanghai was off by 0.7% in europe and in early trading already taking place, things are a little mixed the cac is higher, up by a third of a percentage point. stocks are flat. in germany, the ftse, italy and spain seeing pressure. in london, stocks down by 0.7% in spain, down by almost 0.9%. >> a couple big stories we're watching president trump expected to announce tariffs on chinese goods worth around $50 billion. we'll head to washington and talk a

i'm becky quick along with joe kernen and andrew ross sorkin. looking at u.s. equity futures, yesterday was another down day for the dow. a decline of about 200 points yesterday. that brings us to eight losing days in a row. if you get to nine days today, that would be the first time in 40 years that that has happened, all the way back to february of 1978 >> yeah. >> you remember. >> no. yesterday we were up sharply >> one day we saw a few green arri arrows >> but it didn't stay. >> i guess we'll be up today i don't have a high degree of confidence that it couldn't turn around you're back. >> i'm back. >> you got your clothes on. >> clothes on. >> you feeling cosmo >> you're on your way. >> yes yes. >> i think the euro is down. you may get -- >> it was 116. >> it was at 115 i thought it might have been -- >> i canceled a couple of restaurants based on that. downgraded a bit >> one less grade of the truffle. >> exactly one less that is true those things are so expensive. >> did you have a truffle thing while there? >> no truffles >> do you have a highlight other

andrew ross sorkin joining us with a preview. >> welcome back to the u.s i saw the tweets i saw the tweetsto know about the drinks with joe, the whole thing. >> it was random he was coming throughvienna fo a family vacation. i happened to be in vienna and there we go. i mean, it's -- it takes going to austria to have drinks with my co-workers. >> how late did you keep him out? >> i didn't stay out too late because i had a 5:30 a.m. van to the airport. >> got it. >> which was side lined by a four hour delay to heathrow. we had to make what's called an unscheduled landing. it was quite a day but i'm here. >> i'm glad you're here. >> so am i. >> separately from that, here's what's coming up on "squawk. tom farley is going to join us, former president of the new york stock exchange he has a new venture he'll be our guest host. a lot to talk to him about also talking to former u.s. trade rep robert dahalman about all of the big trade efforts taking place this week and what it's going to mean to our relationship with china. jason furman is going to join us on the economy ed lee is in the house t

he told andrew ross sorkin if he were running the fed, rates would be 150 basis points higher here'son the market and rates. >> if you go look at what is shut off the stock market historically, it's been real rates on the front end of something the neighborhood of 200, 250 basis points. we're negative right now so, when you've got a lot of tech companies growing at 20% per year, who cares about 100 basis points who cares, right so, i think you'll see rates go up and stocks go up in tandem at the end of the year. >> so, is tudor jones ght? will things be as good as he expects on the upside? let's bring in john, chief investment officer with peoples united, also cnbc's mike santoli and mr. leasemisman staying rig here is it bluekies for stocks through -- to the of the year, even as interest rates move up >> we would agree with his assessment that stocks can do well and if rates ll move up this year, i hope he's not correct on 150 basis points. that might be dramatic what he's talking about is just rates returning to normal. we think that will take time that will take time for the fed t

i'm becky quick along with joe kernen and andrew ross sorkin, who is back.ood to have you back. >> back from satsle. i'm learning about all of the things that happened during the commercial breaks. >> yes. >> and we're learning about -- >> it's always a story itself. what happened behind the scenes in seattle >> your and your management of the entire process i told andrew it was great. >> very well done. >> and it was a lot of work for you. i said it wasn't awful -- >> which is high praise. >> exactly. >> you know, that was hard he had to fly out there, you know -- >> go and watch everything that happened -- >> massage all the people. and starbucks is at a, kind of critical juncture. and it's hard whenever you lose a guy like howard schultz, especially given the last time. >> yes. >> but they also have a lot to navigate through in terms of this new -- and just everything else with -- i don't know who can afford -- it's almost like an elitist space in this populist environment we're in, $5 for a cup of coffee not everyone does it, right? a lot of people do --

i'm becky quick along with joe kernen, andrew ross sorkin is off.ack and mike santoli >> great to have you here today. amazing. they fixed it as we came up. >> they fixed it or they told you it wouldn't going to be there. >> was i looking down a lot? >> i wasn't looking at you, i was looking at my scripts. >> if we didn't have a prompter -- >> we would have no words. >> i think the show would be two

i'm becky quick along with joe kernen and andrew ross sorkin. looking at u.s.y futures, yesterday was another down day for the dow. a decline of about 200 points yesterday. that brings us to eight losing days in a row. if you get to nine days today, that would be the first time in 40 years that that has happened, all the way back to february of 1978 >> yeah. >> you remember. >> no. yesterday we were up sharply >> one day we saw a few green arri arrows >> but it di

i'm becky quick along with joe kernen and andrew ross sorkin.ixed, jusbarely dow down about a point and a half this morning some modest advances dow futures indicated up by 18 points s&p up by 2. nasdaq up by 9 let's take a quick look at treasury yields. yesterday you saw the yield on the ten-year treasury unchanged at 2.959%. this morning 2.957%. >>> a judge approving at&t's comcast expected to be biddingr. for fox, 21 century fox's assets as early as today.

. >> that was howard schultz along with andrew ross sorkin on "squawk box" today commentin imminent departure from starbucks. he's set to step down as the company's executive chairman effective june 26 but as optimistic as he is about starbucks' future, schultz is leaving the company at a time when the cafe empire is slowing growth worldwide and the controversial decision to open their restrooms to everybody shares of starbucks have stalled and are down 3% this year. >> stalled nice. >> is schultz leaving the company at the right time. you look at the decline down 2.5% you look at what the stock has done in the past two years, basically nothing and slowing north american sales. >> this is a company that i think is a victim of its own success. first of all, there' enormous c landscape that i think is chasing starbucks. i think these guys continue to grow in different consumer channels they've looked at their consumer products business that i think will be acretive to eps. the fact that the stock has do nothing doesn't mean the company is in bad straits and i think they've extended their brand

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.e saw stocks end lower yesterday after the fed announced not only that it was raising rates, but it may be raising rates at a faster pace than anticipated for next year, too. dow is down 16 points now. s&p down 1.38, the nasdaq down about 13 points. yesterday the yield on the ten-year creeped higher to 2.979% this morning you're looking at the ten-year yield at

happy friday i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s.ity futures. yesterday was a mixed day for the markets. the dow was down, the s&p and nasdaq were higher this morning there are som arrows weighing on things. s&p is off by 10, the nasdaq off by 13. look at treasury yields. yesterday the yield sunk further, down to 2.948% this morning

i'm becky quick along with joe kernen, andrew ross sorkin is reporting live from cannes, france today'sop story, that global market selloff we've been watching u.s. equity futures at this hour are indicating if we were opening here, we would be down 340 points s&p futures are off by 30. the nasdaq down by 80 points at these levels, if we were to open here, the dow would be going negative for all of 2018 at the open. the dow and the s&p 500 are on track to give up the majority of june gains as well probably worth noting as recently as yesterday that june was on track to be the best month for the market since january. we'll look at all of this and see how things are adding up it's

. >>> all right, in fact, let's talk more about this andrew ross sorkin with a look at what's comingong with that big interview it than a couple of days -- has been a couple of days, spectacular interview with howard katz. >> the big interview of the morning the one that you mentioned and beyond the short termism is something you'll be hearing a lot of from them, becky got them talking about all sorts of things. politics you'll hear from warren buffett on uber for first time -- for the first time in a meaningful way so there's a lot of great nuggets in the interview and by the way, history in the making because they have never done it before together. you have never seen warren buffett and jamie together former governor jeb bush is going to be with us. by the way like we -- i would have said that the jamie dimon/warren buffett thing was sort of a drop the mike situation but then add in jeb bush after that, you can add wilbur ross to the conversation in the 8:00 hour a lot to talk to them about and the former ceo of honeywell is going to be our guest host a lot of big names commenting

going to depend on the backdrop that's absolutely true andrew, great stuff again, as always andrew ross sorkinseattle today. >>> cnbc contributor, along with our own john harwood guys, good morning good to see you. >> good morning. >> jimmy, let's try to game this out. you can take it wherever you at would this look like ostensably how would he get through a primary and succeed to a general? >> there's not a political party for him right now. i can't imagine someone who, at one point, said they would run to the right of hillary clinton, who is talking about debt, deficits and entitlement reform, i don't see a place in the democratic party for someone tha he himself has acknowledged they're moving left. most of the party is already to the left of him. unless he is goio spent $250 million, probably, as an opening bid on an independent run, maybe john has some idea i don't see where this shakes out for him. >> john harwood, it's kind of a strange world where you have a ceo with the track record of howard schultz yet you're saying think thera party for him. it's a brand everybody knows he has a tr

he has a very interesting column by andrew ross sorkin exploring that and he talks a the president'sye rudy. quote, the president denied the merger and giuliani told me directly he didn't interfere. here's what sorkin writes. it was o of those or something in between? we still don't know and that's the problem, the calculus for companies considering mergers or any decision, shouldn't be whether they think a president will seek to block or approve it on a whim. >> that's why it matters beyond at&t and time warner and because of the president's own words and actions it casts a shadow over lots of deals and lots of industries for lots of reasons. the president is on twitter right now saying cnn is the greatest enemy that the american people have and that's absolutely disgusting. disgusting. you know what's interesting? checks and balances worked in this case. the judiciary looked at this, a neutral party looked at this case and found it was not anti-competitive and if there was interference and if the president's fingerprints are on this, it doesn't work. >> bri stelter, thank you. jeff

welcome to "squawk cnb i'm becky quick along with joe kernen and andrew ross sorkin. the u.s.s as joe mentioned we are looking at red arrows dow futures down by 130 points if we were to open the dow would open below 25,000. that was a decline of 0.9% on the week the s&p up and the nasdaq up pretty sharply at least relative to the other indexes it was up by 1.3%. you can see this morning the nasdaq looks like it would open down by 40 points and s&p by 12. the dow is on track for the biggest monthl

i'm becky quick along with joe kernen and andrew ross sorkin, who is back.ck. >> back from satsle. i'm learning about all of the things that happened during the commercial breaks. >> yes. >> and we're learning about -- >> it's always a story itself. what happened behind the scenes in seattle >> your and your management of the entire process i told andrew it was great. >> very well done. >> and it was a lot of work for you. i said it wasn't awful -- >> which is high praise. >> exactly. >> you know, that was hard he had to fly out there, you know -- >> go and watch everything that happened -- >> massage all the people. and starbucks is at a, kind of critical juncture. and it's hard whenever you los

. >>> andrew ross sorkin will be speaking exclusively with schultz later today. that's coming up at 1400 cet schultz has also played an active role in politics in recent years head to cnbc.com for more on his potential political aspirations. you can also e-mail the show, streetsignseurope@cnbc.com and i'm on twitter this morning. my handle is @cnbckaren. get in touch. >>> coming up on the show, apple shares hit a record high after unveiling key changes at its developers conference. analysis when we return. these birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home the first survivor of ais out there.sease and the alzheimer's association is going to make it happen. but we won't get there without you. visit alz.org to join the fight. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves mem

andrew ross sorkin is live in the french riviera in cannes as you can see right there and that's not screen. i can tell you that. that's real. see? that's absolutely real and andrew's happy and the euro is like $1.15. he's throwing money around there. buying drinks for everybody. first up, our top story. the markets right now are indicated sharply lower on the increasing trade tensions. down 325 on the dow jones. the s&p down 28 or so. and the nasdaq down 95 similar losses in europe nothing too significant. 323 sounds big on the dow. it's about 1.4%. germany which has, you know, some problems unto itself, down 1.4, france 1.3% and lesser losses in the others treasury yields, having one effect and that sort of moderating some of the increases we've seen. now 2.884. >> nowhere near 3% now >>> we have complete team coverage from around the world nancy is in singapore. jackie deangelis is here in new york and kayla tausche is in washington kayla, let's start with you. >> president trump late yesterday directed to find $200 billion followed by another $200 billion in chinese imports to hit

i'm becky quick along with andrew ross sorkin and brian sullivan joe is off today our guest host todayrian from allianz. if you are one of the many new yorkers headed for the hamptons this weekend, robert frank has a leg up on you. he just joined us live from a helipad in manhattan now he is getting ready to take off and race east. we are going to track his flight live see how long it takes him to get out to the hamptons. we'll be doing that throughout the hour so he better be there in less than an hour right now while we await that takeoff, let's get to the markets. the futures have been taking off as well. the dow futures indicated up by about 135 points this morning after the dow closed up 100 points yesterday you can see the s&p is indicated up by about 13 points. the nasdaq indicated up by 43. this is the last trading day of the quarter. and we'll come back with the first day in july. >> jeff hurst, i had no idea either he said the first trading day of july historically is the best da i for the stock market going back a hundred years who knew >> not me. >> so if you just buy on ju

i'm andrew ross sorkin with michelle caruso-cabrera and mike santoli.s at this hour red across the board about 97 points off right now on the dow. nasdaq off 37 points s&p 500 off about eight points >>> a merger this morning. conagra buying pinnacle foods. the figure excludes assumed debt and comes to a per share figure of $68 a share cnbc reported yesterday that a deal was close conagra will take on debt to make that transaction. >>> we're going to get the goods numbers. that's following the april drop of 1.6%. >>> general electric is getting praise from one of its major shareholders after announcing moves yesterday. telling "the new york times" it includes a spinoff of ge health care will create substantial value for shareholders trian's garden joined the ge board last fall. >>> and beyond the world of corporate headlines, trade turmoil front and center for the markets. you're looking at a live shot of ite house. president imposing tariffs against china and the eu putting investors own edge we'll get to kayla tausche who's got the latest >> now the wh

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. we saw stocks end lower yesterday after the fed announced not only that it was raising rates, but it may be raising rates at a faster pace than anticipated for next year, too. dow is down 16 points now. s&p down 1.38, the nasdaq down about 13 points. yesterday the yield on the ten-year creeped higher to 2.979% this morning you're looking at the ten-year yield at 2.95%. >>> weak economic data out of china overnight. the china central bank kept key rates unchanged today and this was a surprise as the pobc was widely expected to hike rates following the fed's move yesterday. this morning a decision is due from the ecb we'll get that at about 7:45 a.m. this morning. mario draghi will hold a news conference at 8:30 eastern, which we will monitor and bring to you also the top corporate story, comcast offering $65 billion in cash for some of 21st century fox's assets a $35 per share bid, 20% higher than disney's all stock bid. i think there's no other way to say it but game o

welcome back to "squawk box" here on cnbc we're live in times square i'm andrew ross sorkin along withruso-cabrera and mike santoli joe and becky are off. take a look at u.s. equity futures at this hour dow looks it will open up marginally higher. nasdaq looking to open a bit higher now about 20 points higher and the s&p 500 looking to open off just a tad here's what's making headlines at this hour the biggest news general electric spinning off its company. all announced in the last hour as we came on the air. ge plans to focus on power, aviation, renewable energy which accounted fomore than half of ge's revenue last year john flannery is going to join the "squawk on the street" gang later this morning to take questions and really help us understand exactly what ge is going to look like when all of this is over meantime, shares of home builder lennar are beating estimates on the top and bottom lines during the second quarter new orders surged 60% from a year ago the average sales price of a new home was more than 10% higher. by the way, speaking of home prices, we'll get the latest ove

schultz told andrew ross sorkin that he's concerned about our country, the growing division at home andtanding in the world, and that he's figuring out the next chapter in his life, which could include pu service. shares of stbucks were little changed yesterday after the news andrew is in seattle, and he will join us with howard schultz at 8:00 a.m. eastern for an exclusive interview. >>> elsewhere, it is day two of apple's worldwide developers conference ceo tim cook kicked off the week with an announcement about the money generated by the app st e store. >> i couldn't be happier to announce that we now have over 20 million apple developers around the world we're also happy to announce that this week we're going to achieve another huge milestone the money that developers have earned throu the app store will top100 billion. >> joining us now, the global head of technology research at hsbc steven, i wonder if more of the story is the, sort of the overhang that we all sort of seem to be coming to the conclusion that we don't know about the long-term effects of a lot of what our kids are d

i'm becky quick along with joe kernen andrew ross sorkin is live in france at the cannes lions you sawim talking to one of the new heads of wpp, he will be back talking with another guest. >> good morning. >>> let's check in on the markets. u.s. equity futures at this hour are indicated higher after a down day for the markets yesterday. right now the dow indicated up by 118 points. yesterday the dow had its worst day since may 29th it was down for a sixth session in a row it was down by 287 points. that was off the worst levels of the day, 420 at one point. now it's up by 120 we'll see how things shake out the s&p is indicated up by 10 points nasdaq indicated up by 22. yesterday you saw a steep decline in the chinese markets this time around the hang seng closed up by three quarters of a percentage point the shanghai was up by a third of a point, the nikkei up by one and a quarter points let's check europe and early trading there. green arrows across the board. the ftse is up by 1.2% then check out treasury yields treasuries, the yields have been under pressure as we watched this play

. >> i think andrew ross sorkin made a great point does time warner have the time to make movies like netflix. i thought randall, who is a good friend to come on today, really did make some points and say that's not really the worry. they're fine i am worried i'm worried about the cash flow. i'm worried about what happens with direct tv. >> dividend two? >> i think that yeah yeah i just -- i do worry about the dividend because i thought that -- the cash flow is falling off as badly. obviously, this is a great american company at&t. but they took down a lot of debt they don't really -- i think the cash flow is not as robust i don't want to recommend a stock on the dividend basis where i think the dividend can be a risk. >> interesting. >> yeah. if it were malone he wouldn't combine apples and oranges. >> yeah. that's pretty smart. >> randall talked about building a train track from both ends of the country. >> look, if you go and you read the judge's opinion, a judge leon, what he's saying is look they have no choice. they've got to do this so anti-what the government is saying they ha

the 10-year note right now yielding 2.968%. >>> let's now get back to the aforementioned andrew ross sorkinnow joins us with a special guest. andrew >> thank you, joe. we're live at tudor investment ace where there are cameras not allowed on the trading floor typically but today they are we're here with legendary macro investor paul tudor jones. we want to get his take on everything going on in the market this historic day and also a project he's orking on with just capital something that's going to begin tomorrow trading in tandem with goldman sachs. we'll talk about that. before we get into it, just want to get your sense of what has taken place over the last couple of hours in singapore. >> i think obviously this is a very bigoric deal. i don't think there's any surprises here which is why the markets aren't reacting that much i think it's kind of business as usual. we knew that he was going to -- he wouldn't be going there unless he was going to sign something, unless there was going to be some positive pronouncement. i think we got what we thought we would >> it's interesting you have

. >> let's bring in andrew ross sorkin, who did the interview this morning, in seattle at starbucks headquartersrew, your thoughts on how he reacted to some of your questions about his future >> i think there's no question that howard is clearly thinking about political office he has not said as much, really for the first time, by the way you know, for so many years, the question that was asked at the end of virtually every interview we've ever done with him over at least the past two years is are you running for president, and historically, he would bat it away one way or the other. and this time, he effectively said that he's thinking about it and as you mentioned, i think really did walk through the issues, policy issues in a way that we haven't heard from him before, talked a lot about, by the way, entitlement reform, also talked about the larger debt, and i thought made one particularly interesting comment about the democratic party, which is to say that howard really just positioned himself during that interview as somebody who's much closer to the center than the way the party has moved s

breaking news on on the world's biggest hedge fund, andrew ross sorkin joining us on the news line this is interesting stuff, andrew >> it is interesting stuff a major transformation from a governance and management perspective of bridgewater, has $150 billion under management, founded of course by ray dalio who created a unique culture, often described as a ma meritocracy. the company sending out notice that the firm will be turned into a partnership very much like the early days of goldman sachs. this firm was tightly controlled by ray dalio and two of his lieu continue narnt nants who controlled it electrically and through governance votes under the new partnership proposal, the top 50 senior executives will not only get an economic stake in the company, they will also get voting control for the first time and it may very well change the culture of bridgewater which has been known for really this idea of radical transparency. it will be a test of the management in many ways because this radical transparency is this idea of encouraging employees to openly challenge each other historic

also, you know, it's one of the questions that andrew ross sorkin put to me this morning on "squawkboxand we've talked about it for months now. how much should investors be surprised by all the developments we've seen over the last couple of months versus how much should they have expected it right. that seems to be the key question why you've seen so much angst. why we saw so many, i guess, skeletons come out of the closet the other thing i would note is that if ge is anything like some of the other recent components, we've seen exit the dow, alcoa, at&t, honey well, maybe it's the beginning of a rally for them. we'll see. if history is any indication. >> the blessing of leaving the dow. >> yes those that exit, i think, are up an average of 6% the following year sort of the opposite of the curse. we'll watch for that morgan, see you in awhile. >>> dow is up about 39 let's get to martha who has an additional look at ge today. hey, bertha. >> looking atwal greens and walgreens a got the best pump by being added to the dow over the last week or so. this morning to the downside a little b

way and get those fox assets that disney already made a deal for let's get morerom this on andrew ross sorkinoming, yesterday the big news was that at&t/time warner deal could go forward and just as expected, now -- explain to us how we got here. why was yesterday's decision so relevant >> well, i can tell you literally both brian roberts and the entire legal team for comcast were waiting tinder hooks yesterday afternoon to understand what the judge's decision would be if, in fact, the judge had blocked that deal. it is not clear. in fact, it is unlikely that we would be here today with comcast pursuing this deal in part because there would be a view the department of justice would try to block this deal with the approval, though, by the judge of the time warner at&t deal, it now seems likehe market or the coast is clear, if you will, for transactions of this sort. i just want to make a couple of points about this traction the new details that have come across the tape. perhaps the most important, comcast effectively saying they are going to have the same reverse breakup fee that the disney d

i'm becky quick along with joe kernen, andrew ross sorkin is off.he prompter is back and mike santoli >> great to have you here today. amazing. they fixed it as we came up. >> they fixed it or they told you it wouldn't going to be there. >> was i looking down a lot? >> i wasn't looking at you, i was looking at my scripts. >> if we didn't have a prompter -- >> we would have no words. >> i think the show would be two hours and 50 minutes >> or 4 hours and 27 minutes >> exactly there it is. >> we have not had a prompter all morning. they got it fixed just in the nick of time >> and the printer is fixed. and the new york phonebook is coming out what is -- >> earnings report sorry. u.s. equity futures, nasdaq looks like it will be down by 1 points it did close up yesterday. dow futures are indicated down by 95 points the dow has seen seven sessions in a row that it has closed lower. that's a long losing streak. >> why did we say the nasdaq was going to open higher >> maybe earlier this morning it was looking like that. fang sto f.a.n.g. stocks have been

i'm becky quick along with andrew ross sorkin joe is off today joining us is kerry firestone, ceo of arias asset management. thanks for being here. >> thanks for having me. >> let's look at the u.s. equity futures. yesterday was a wild ride for the markets. the dow was up nearly 286 points at its highest levels. it ended the day down by 165 points as concerns crept back into the market. it was that interview with steve mnuchin on "squawk box" yesterday that started things, got people thinking that maybe the trade talks, all the tough talk buwas going to be ractchet down again the dow and s&p 500 are negative for june, and the nasdaq is holding on to a gain of 3 points for the month. we'll see as we go crashing into the end of the month what will happen this morning dow futures are indicated up by 55 points. s&p up by 7. nasdaq up by 22. looking at what happened overnight in asia. there were negative closes there the knnikkei ended relatively flat. the shanghai down by 1%. hang seng off by a half percentage point if you look at early trading taking place now in europe, there are red a

i'm becky quick along with joe kernen and andrew ross sorkin. it is a big morning.lock is ticking down to the face-to-face meeting with president trump and north korea's kim jong-un. we have a live report from singapore coming up in a momen first let's get a check on the markets this morning huge week last week for stocks the dow added more than 680 points to close back above 25,000 for the first time in months this morning it looks like we are relatively flat. dow futures indicated up by 8.5 points s&p futures down by half a point and the nasdaq down by close to five points. >>> and we have reporters around the world to bring you special coverage of the historic summit. eamon javers is in washington. first, though, let's get back to michelle caruso-cabrera. she is in singapore. hello again, michelle. >> hello, joe. yes, today is the undercard for tomorrow's main event when president trump faces off with kim jong-un. it will be the first time a standing u.s. president actually sits down with a leader of north korea. ahead of that main event, u.s. secretary of state

live from the nasdaq market site in times square i'm joe kernen along with becky quick and andrew ross sorkine down after having four days of so pretty good and nasdaq leading the way and the nasdaq weaker yesterday. the dow pard losses from well over 100 points, down 44 now but the nasdaq continues to be weak after dropping 55 points yesterday in a, when the dow was actually up. >> looking at the nasdaq for the four, five days before, a lot of, new highs every day for three, four days in a row. >> something happened late yesterday in yields. did you see that >> yields basis points, dropped by about ten. >> italy or something? >> yeah. look there. >> almost at 3% yesterday. >> more questions justify now, seen that? picking this other course. >> i'm going with justify. >> picking hoffberg or something? >> larry started that. >> i always wanted triple crown to happen and -- >> and mean soros, a secret -- did he tell you personally he owned that is that how you got that story or did you see it recently you talk a lot. >> i read it in the "new york times. >> yeah. they know what he's doing. they'

on cnbc we are live from the nasdaq markets set in time's square i'm becky quick along with andrew ross sorkinus a the former honeywell chairman and ceo and a cnbc contributor. we will hear from him in a moment larry, great to have you here today. >> nice to be here >> after automatic gains look they can i like they are indicated up again a special morning here on "squawk box," warren buffet and jamie dimon making the case to take the longer view and move away from guidance on quarterly earnings we spoke to them in a "squawk box" exclusive interview >> america, the largest companies in america are owned by literally 100 million people, veterans, retiree, teachers. we feel a tremendous feeling to deliver and corporate governance is important one important step i learned this by listening to warren is some of the ills and problems and people making quarterly earnings forecast, not transparency, not openness and it can often put a company in a position where management, you know from the ceo down feels obligated to deliver earnings and, therefore, may do things that they wouldn't otherwise have d