futures up joining us, anthony chan, chief economist at chase good morning >> good morning. >> thanksoining us last week was risk off, this morning seeming to shape up as risk on. what was the reason for risk off and why the turnaround over the weekend? >> little more uncertainty, when you see more than 40% decline in vix, you see the market go down. good news was that the equity market measured by s&p 500 went down 1.5%. every time you see average more than 40% decline, you see more than a 3% decline in equity markets. that was mild by historical standards. >> what about the fundamentals, is it a trade on north korea and heightened risk around what happens there or something else underlying this market >> well, because that is such a huge picture of uncertainty, obviously there was going to be nervousness. as cooler heads prevail, we will see the markets settle we're seeing indication that vix is going down. fundamentals are still helpful to the global economy. >> sit tight coming back to this. quickly, a preview of what's coming up on "squawk box." >> we have a lot to talk about mos

anthony chan can manage indirect during chief economist at chase. good morning.bout 35% this year. close down 15%. nordstrom's down 2%. we've seen a lot of selling in the retail or appeared in your view is that enough? >> well, i don't think it is entirely overdone. the decline has been so severe if you see any signs of life come to some of those retailers, especially the ones that attract international customers will benefit from the fact that the valley of the u.s. dollar is much lower now. down close to almost 9% on a year-to-date basis. you may attract some tourism to some of these stores. lauren: if you look at macy's and close particularly, bonds have outperformed stocks. is that a sign to investors that they can pay -- they can keep the lights on and pay their bills. >> you're absolutely right. the reason for that is because these companies are still making money. they of course this anon five competition from online retailers like amazon. but also making enough money that investors feel comfortable they will be repaid. unfortunately the stocks have not pe

channing tatum. >> oh, >>> "jimmy kimmel live" would like to congratulate new white house communications director anthony we wish you good luck and -- wait. what? >> dicky: from hollywood, it's "jimmy kimmel live!" tonight, channing tatum. from "the handmaid's tale," elisabeth moss. and music from the killers in las vegas. and now, we're back, here's jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi, i'm jimmy. i'm the host of the show. thanks for watching it. thanks for coming to it. [ cheers and applause ] oh, very nice.

anthony scaramucci. we wish you good luck and -- wait. what? >> dicky: from hollywood, it's "jimmy kimmel live!" tonight, channing tatum.tale," elisabeth moss. and music from the killers in las vegas. and now, we're back, here's jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi, i'm jimmy. i'm the host of the show. thanks for watching it. thanks for coming to it. [ cheers and applause ] oh, very nice.

anthony scaramucci. we wish you good luck and -- wait. what? >> dicky: from hollywood, it's "jimmy kimmel live!" tonight, channing tatum. from "the handmaid's tale," elisabeth moss. and music from the killers in las vegas. and now, we're back, here's jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi, i

channing tatum. >> oh, >>> "jimmy kimmel live" would like to congratulate new white house communications director anthony scaramucci. we wish you good luck and -- wait. what? >> dicky: from hollywood, it's "jimmy kimmel live!" tonight, channing tatum. from "the handmaid's tale," elisabeth moss. and music from the killers in las vegas. and now, we're back, here's jimmy kimmel! [ cheers and applause ] ♪ >> jimmy: hi, i'm jimmy. i'm the host of the show. thanks for watching it. thanks for coming to it. [ cheers and applause ] oh, very nice. i missed you. i missed you all terribly this week. i missed you terribly, guillermo. and you know what i missed? all the many people donald trump fired while we were gone. [ laughter ] president trump is coming off his worst week since his last worst week, which i think was the week before last week. [ laughter ] since we went away for vacation sean spicer's out, reince priebus is out. trumpcare is dead. and kim jong un has a missile that can reach new york. and weirdly, i don't feel tired from all the winning yet. i really don't. [ laughter ] the president has been very