"squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc i'm brian sullivan along with melissa lee joe and becky and andrew are out today. melissa, good to quote see you >> i know. it's been a while, brian this will be a fun three hours ahead. >> either that or destroy our careers in an instant. one of two things will happen. >> yeah. >> we can choose >> it's in our power >> i do miss you, melissa. it's been 22 years >> yeah. tv brother and sister, i think the best analogy. >> peter and jan or greg and marsha let's get to t

good morning i'm dominic chu in for brian sullivan let's look at the session from yesterday. the third straight losing session. dow implied higher by 67 points. nasdaq higher by 20. a lot of the tech stocks very much a wait-and-see happening with nvidia yesterday. the 10-year treasury and 2-year treasury is now inverted 2-year treasury is 3.22% the 10-year treasury yield is below 2.79%. we are keeping an eye on that. all rates across the curve are higher in the oil market, crude off the highest since august 3rd $90 a barrel wti is down to 9$89.34 in crypto. bitcoin showing signs of down side movement after the surge from the last couple weeks bitcoin below the $24,000 mark similar percentage move for ethereum 1, $1, $1, $1,771 >>> let's get a check of the issues in europe with julianna tatelbaum. good morning, julianna >> dom, good morning not a lot going on in terms of market action. it seems investors are somewhat in the wait-and-see mode with the inflation report due tomorrow we have a flat start to trade for the french market. cac 40 down .10% ftse 100 is down many on hol

you are watching "worldwide exchange" here on cnbc >>> good morning i'm frank holland in for brian sullivan today thanks for waking up with us let's kick off the hour with the check of the markets and your money. stock futures a bit muted. slightly in the green right now. actually look at the implied open i apologize. a dip tbetween positive and negative this is after the win streak on monday with the indexes closing flat and the u.s. treasuries with the 10-year treasury at 2.795. not a lot of movemeovement. we have been watching the oil market crude prices extending the declines after the economic data from china sparring fresh worries of the recession. wti be low $100 a barrel. a month ago, wti was up over $100 a barrel. and bitcoin falling below the key $25,000 mark $24,000 overnight. we we are watching it both of these, ethereum and bitcoin down 60% from the highs. both are up high in the third quarter. ethereum up 60%. bitcoin up 20% ethereum getting a boost from the merge event coming up. an article on cnbc.com if you want more on that. >>> we turn to the early trade in europe with jo

, 2022 you are watching "worldwide exchange" here on cnbc good morning i'm dominic chu in for brian sullivan let's kickoff monday with the equities pointing to a positive open s&p off the third winning week in a row and the index is now equal distant with the 52-week high and 52-week low 14% from each level to be exact. dow jones industrial average is implied higher by 57 points off the session highs. nasdaq up by 55. modest gains at least to start the day indicated right now. better than the broader market small caps continue to shine with the russell 2000 with a 2% gain last week and capping off the first three-week winning streak of 2022 you can see the russell small cap up .75 in friday's session checking on the bond market side yields obviously very much a big part of the discussion now given the blowout jobs report on friday, the benchmark 10-year treasury is below 2.8% right now. the 2-year treasury is 3.02% we will keep an eye on that inversion. the short-term rates higher than the long-term rates. the oil market with crude prices off the worst week since april wti crude, $88.25. sti

. >>> a very good morning to you i'm wilfred frost in for brian sullivan this morning. let's get you caught up with the markets and get straight to the futures after what was a disappointing session yesterday. we were lower but only slightly, frankly, relative to monday's declines the futures right now are pointing to a positive open. we were down by 1/3 of a percent an hour or two we're now essentially flat as you can see. fractional gains expected by 20 points or so for the dow we did have three days in a row of declines for the dow and the s&p with yesterday's declines just about half a percent for the dow. ahead of the open, here is where we stand from all-time highs on the major averages the dow's up 11% the s&p is up 14%. the nasdaq is still up more than 20%. 23.6% to be precise. that's as of yesterday's closers. let's check in on the bond market the 10-year had a very volatile day. up and down and all around got close to 3.1 3.08 and back to 3 and set ld somewhere closer yields fractionally pushing back the 10-year standing back. it remains significantly inv inve

welcome as always from wherever in the world you may be watching i'm brian sullivan we've got a lot to do on this busy monday. grab a cup of coffee and buckle up here we go first up to the markets and your money. nasdaq futures off considerably. down 200 points. more than 2% from the nasdaq all this as s&p 500 four-week win streak came to an end last week with a 1% loss on friday. worst single day since late june focus on the jackson hole meeting in wyoming this week that kicks off on thursday >>> in the energy markets, crude oil falling with concerns of the slowdown and global recession. crude oil at $89 look at natural gas. $9.56. a 14-year high folks, natural gas goes into almost everything you make, buy or maybe is trucked somewhere. that will be extremely inflationary particularly on the utility side and likely your power costs particularly if you heat your home with electricity over the winter by the way, natural gas in europe, it says hold my beer natural gas down over $70 u.s. dollars. russia saying the nord stream pipeline will shutdown for maintenance august 31st to september

welcome from wherever in the world you are watching i'm brian sullivan thanks for joining us here on "worldwide exchange. let's get to the thursday morning markets and see where stock futures are. they are indicating not a lot. dow futures down a whopping 16 fair value on the s&p is higher. let's call it unchanged, shall we it's early this after a nice start to the month of august for all of the major market averages. they were higher yesterday dow and s&p jumping 1% nasdaq rising 2.5% stocks going up as bonds also going up and yields are coming down all on worries of the economic slowdown. yields at 2.74%. bonds and stock markets are telling different stories. speaking of oil. opec is in focus crude oil at the lowest level since february close to breaking below $90 a barrel slowing gas in the u.s. and continued covid issues in china are the reason oil is weak lately oil markets do seem to remain tight. one official from opec telling us spare capacity from member nations is no smoke screen and a real issue opec raising output by 100,000 barrels a day. not much at all. in the crypto w

i'm rebecca quick along with brian sullivan joe and andrew are off today good to have you here. >> good to be here, becky. >> you will see at this hour, there are some modest declines red arrows dow down 15 points s&p futures off 7.5 nasdaq off 31. yesterday at this time, we were down more. we were talking before the opening bell, dow down 230 points we ended up down across the board. dow has seen four positive sessions in a row. t if you want to look at where the major index stands, we will show you the year to date chart what is important about the numbers is we will look from the all-time highs dow 8.2% it back in correction territory. not bear market territory or not even correction. s&p is down 10.8% from the all-time high. it is in correction territory. nasdaq is out of bear market territory. that is down 19% from the all-time high. you are looking at the numbers from the year to date where the nasdaq is off 16%. look at what is happening in the treasury markets the 10-year treasury trading at 2.8% it stands there today. the inversion with the 2-year treasury at 2.11%. we know it

welcome from wherever in the world you are watching i'm brian sullivan great to be back with you on "worldwide exchange. let's check on the markets and money. stock futures are higher again look at that dow futures up 100 nasdaq in the green. all this coming off another big day for stocks after the red hot inflation data came in slightly less red rhot. small caps and nasdaq up 15% since july 1st the dow up 1% yesterday and now less than 10% in the most recent all-time high. it wasn't one sector on the move up check out the price action from travel to financials yesterday what about individual stocks facebook up 5% royal caribbean cruises up 9%. jpmorgan chase rising 3% inflation data moves stocks because people think coming in less than expected may change the fed's mind on interest rates. they will still raise rates, but maybe not quite as much. we can debate that all day by the way, we will, because if the stock market thinks that, bonds aren't the 10-year treasury remains 2.78%. unchanged as stocks rose energy, of course, is the biggest part of the inflation story. it has been for

. ♪ >>> a very good morning to you i'm wilfred frost in for brian sullivan today it's great to be withou. we did see a third day of declines in a row for the nasdaq and fourth day in a row for the s&p 500. just a slight return to the sense of anything tifbt after a strong bounceback from the low over the prior six weeks or so the nasdaq was the most negative, down 1.2%. as you can see, all three of the major averages expected to open higher only slight gains and reversal of yesterday's theme up half of 1%, the dow the least in the futures market, but still a third of 1%. bond markets, the ten-year yield, around 2.77 today we've seen a range as low at 2.56 the top of the range at 2.77 today, heavily inverted, the 2-year above that yield. energy coming off its worst session in three we've got a little bit of a decline. brent just below $90 for wti crypto was suffering today it's just stabilized, but we have seen a pullback of late. we're seeing bitcoin, 23,000 and either yum at 27 first of all let's get a picture of what global markets are doing today. >> welcome to the cnbc studio, will

i'm dominic chu in for brian sullivan let's kickoff tuesday with u.s. stock futures because they are down it is red. you can see the dow jones industrial average implied lower 143 points nasdaq down by 100 points with the s&p down 27. lowest session to start the month. excuse me. with all of the major averaging snapping three-day win streaks in the bond market, yields are moving we are seeing a slight down side to the 10-year treasury. 2.5 2.557. a real collapse. 2-year treasury is 2.86% there is still an inversion in play watching what is happening with energy oil is again well off the highs we have seen over the last couple months. it is slipping again today in trading. benchmark wti crude at $93.43. that is off .50% ice brent crude is down 71 cents. $99.31 over in cryptocurrencies close eye on bitcoin prices because they are slipping and still holding in the trading range we have seen over the last couple weeks bitcoin at $22,808 ethereum prices have been under for performing $1,579.29. we will watch the alt coins. >>> around the world red arrows in

i'm brian sullivan thank you for joining us on "worldwide exchange." let's get to it. if the surge can continue. futures not indicating it might. it is early. thinly traded. dow down 38 points little red on the screen we will see where it goes. we had a lot of momentum coming into the week. major averages gains 3% or more. now, the question everybody is going to ask, was that the sign last week of the bottom in stocks or another head fake bear market rally good question. energy stocks were the biggest winners last week. all kinds of energy with invesco solar ticker tan rose 18% in five days. what was second? the eop gas and oil. think about that renewables and fossil fuels are the best in the market last week. need the energy thing. oil is slightly lower opec is meeting on wednesday they have been rubber stamping the deal they made during covid. this meeting is the first in two years that may not be that quick agreement to carry on the plan that is ending opec will have to make harder decisions going forward. wednesday is the meeting it will be a big one natural gas is

i'm wilfred frost in for brian sullivan this morning.heck in on the futures borksd which are pointing to a lower mark a third positive in the row for the s&p. the s&p is up 0.2% the nasdaq was lower, but only by 0.2%. there's the futures board. all three of the majors expected to open low. about a quarter of a percent, a little bit more for than for the s&p and nasdaq s&p by 0.4%, the nasdaq by 0.5%. yesterday the 10-year rose above 2.8% currently at 2.86% the euro is rising as well the uk yield in particular spiking to the highest level the 2-year since november 2008 after a very strong inflation print. double digitses 10.1%. the short end of the u.s. also rising 2.3 on the oil prices wti has been pulling back of late, around $86 per barrel last time i checked $86.50 and flat this morning >> let's check in on some of your top story this morning. bertha coombs joins us once again with those hey, bertha. >> hey, wilf meta platforms is reportedly outlining how it plans to prevent the spread of disinformation ahead of the elections in the u

i'm dominic chu in for brian sullivan this morning.s right around just shy of 5:30 eastern time right here on the east coast, and here's how stock futures are looking. we're pointing toward mod evimode est gains at opening bell. checking on interest rates as well the treasury note yield is ticking just slightly lower at this stage right now, if i could show it to you apparently it's not going to advance for me i'll show you later on. >>> what we want do is get to a developing situation in taiwan house speaker nancy pelosi is wrapping up her trip there as you can see right here on the tarmac, they're getting ready to board that plane and take off, house speaker again departing. this is despite warnings sh's the first high-level official to visit taiwan in nearly a quarter of a century. there are live fire exercises being conducted by china on their side of the taiwan strait. our eunice yoon is in beijing with the latest. and, eunice, what are you hearing from officials on the visit by pelosi? what could happen? and by the way, beijing h

i'm brian sullivan thanks for joining us on this busy tuesday let's kickoff the morning with u.s. stock futures they are looking better than yesterday. higher across the board. in fact, the nice 1% plus jump for the nasdaq right now of course, all this coming after another down day on monday in the bond market, bonds sold bit. 10-year treasury is at 3.06% everybody is watching the shorter end. the 2-year treasury at 3.41% in oil, this morning, crude is creeping closer to $100 per barrel again it is just over $96.71 it was $97 a few moments ago oil is on the rise it is possible opec could cut production at or before the september 5th meeting. that came after our phone c conversation with adbuli salman. now its government struggles to say together the ap reporting that at least 15 people were killed in baghdad as runs stormed the government palace after a cleric decided to leave politics any slow flow from iraq can send oil prices back up in a big way. i'll talk to jeff currie about in that a knew few minutes. >>> and nuclear finally getting more attention in markets. russia a major

tyler, back to you >> oil falling by more than 3% let's hear the news from brian sullivan hi, brian.hey, ty good to see you again. there are a lot of oil headlines and i have breaking news right at the very end and first, oil prices as bob mentioned they are down once again and breaking below near $90 per garl and it's a level we have not seen since mid-february, as well and keep an eye on that primarily on worries about a recession here and europe and maybe china, as well china they crushed demand because they keep closing and reopening due to covid lockdowns and the economy is struggling to bounce back and the headline number one and they have the opec meeting and they're adding 100,000 barrels per day and that's more than they hoped for and spare capacity and a tribute there and as you can see, they're standing as a tribute to mohammad bardu who passed away unexpectedly this is new in the last hour or so and numerous reports that the caspian pipeline, the cpc has seen reduced flows from its $1.5 million barrel a day capacity it goes through kazakhstan, tyler and it is russian oil

happy friday i'm brian sullivan thanks for joining us. let's kickoff the hour with the check on the markets and your money.mildly up higher dow up 22 points after a mixed day for stocks kind of a quiet day actually overall, a very good run lately. the nasdaq yesterday with the highest close since all the way back on may 4th. little nice run recently we'll have more random, but interesting stats. bonds have been acting differently. bought lately and yields keep coming down. bond yields on the 10-year treasury are 2.7%. mortgage rates, if you include points, i know, are below 5% for the 30-year for the first time in months. maybe good news for the housing market in the oil and energy markets, crude oil slightly higher right now. still only above $88 after it closed below $90 a barrel for the first time since february. crude down nearly 20% in one month. it should be good news for gas prices which keep moving lower natural gas prices remain above $8 remember, they were under $3 just below the pandemic and lockdowns hit. that is a big deal fo

brian sullivan has the details what's going on, brian. >> i just got off the phone on a rare and fairlyversation with the saudi energy minister. the comments were on the record. here's the comments he basically made there was sort of an indication, and there's been some stuff in print today but i wanted to dive in a little deeper that perhaps opec could tighten at the september 5th meeting or perhaps even before then he has a great concern about what they call lack of liquidity in the paper markets in other words, those futures contracts that we show you right now. we've talked about this disconnect about the price of the futures contract and what oil is actually being sold for by the barrel and that gap continues to grow. i asked him directly, do you believe that the market is, quote, broken? that was my term he said, quote, by means of liquidity, yes meaning that that gap between the two markets simply is too high the price premiums are too much. so if you're an airline, guys, and you're trying to hedge out the price of oil next year for jet fuel, the price of doing that from a contra

>>> good morning welcome to "squawk box" here on cnbc i'm brian sullivan along with melissa lee joe and becky and andrew are out today. melissa, good to quote see you >> i know. it's been a while, brian this will be a fun three hours ahead. >> either that or destroy our careers in an instant. one of two things will happen. >> yeah. >> we can choose >> it's in our power >> i do miss you, melissa. it's been 22 years >> yeah. tv brother and sister, i think the best analogy. >> peter and jan or greg and marsha let's get to the channel and fast money dow futures are looking fine on this friday morning. up 170 points. incredible rally, melissa. knocking the bears out of the way as the bulls come in oddly, bonds continue to get bought 10-year treasury remaining at the 2.8% mark. bond market and stock market are in different directions. we will add fast money with carter braxton coming up, melissa. we will ask him about the bond market and stock market. we will do segments about gasoline under $4 a gallon nationwide enjoy it i think it will be above that today because the price of oil is $94.50

bad policy. >> donna, hey, it's brian sullivan maybe it's bad policy.care pricing provisions don't actually begin until the year 2026. so that's four years out so it may reduce some inflation, but not this inflation how important sit for the democrats to just have something to sell to the american people by the way, a catchy name. >> look, i don't think the democrats wanted just anything these are significant policy improvements, and you talked about medicare spanning over the next four years. look, it took some time to implement the affordable care act and people embraced it i think these medicare provisions are particularly important for our seniors who need to have lower costs, money into their pocket, and will last for the long term. and so the idea that it's not injected into the economy or isn't done right now, we're playing the long game here, and the long game suggests that we have to lower these prescription drug costs it doesn't disincentivize investing into new drugs and manufacturing new drugs. i think it's a really strong provision. it's st

. >>> good morning welcome to "squawk box" here on cnbc i'm kayla tausche along with brian sullivan joe, becky and andrew are off. the inmates are running the asylum great to be back in new york city look at where u.s. equities are this hour. dow opening up 55. the nasdaq slipped into the red. opening down 10 points a quiet day in the markets today from the headline perspective. still a crowded earnings calendar we are seeing air coming out of the market in europe we are watching that we are watching the russell 2000 up 1% yesterday. up 3% over the last week out performing the other main indexes. certainly a reversal of what we have seen recently look at treasury yields. currently the 30-year treasury is 3%. 10-year treasury is 2.79 2-year treasury is 3.22% the inverted yield curve flashing recession signals, brian. that is something you know in the fixed income market are watching >>> we are watching the meme stocks shares of bed, bath & beyond moving after 30% move yesterday. going back to the 1992 ipo good trivia question reddit traders jumping into the stock. getting their hands on

welcome from wherever in the world you are watching i'm brian sullivan thanks for joining us. let's kickoff your trading week with the check of markets and your money stock futures are mildly lower on this monday down .30% in the red dow futures off 137 points all this coming off a really nice few weeks for stocks. in act, last week, all of the averages were up 2.5% or more. small caps were the big winner. russell 2000 up 5% last week. 18% in the last month. something to watch bond yields are flat hard to believe, but true. that is the same level that the 10-year treasury was back in mid-april. all this fed stuff and sturm and we are back to the levels of spring in bond yields. let's check energy and natural gas. crude oil is lower holding above $90 a barrel. aramco making more than $48 billion in net income last quarter. natural gas, by the way, down a few ticks. in europe, it is above $60 u.s and the best performing group of all last month ethereum cryptocurrency bitcoin topped $25,000 over the weekend. the first time since early june. back below that at $24,000 and change e

. >>> good morning i'm wilfred frost in for brian sullivan this morning. let's get you up to speed on the markets are looking like this morning. very good to answer to the equities pointing higher to the tune of 0.9% of the s&p. full percent on the nasdaq and dow higher by 0.6% it comes off the day yesterday where we did see decent gains and steady improvement during the course of the day for u.s. markets. we saw the dow at 0.2% nasdaq up 0.4% yesterday we saw the s&p somewhere in between. week to date, we sktill have al three down 2%. most of the damage in the early part of the week down on monday in particular. so far, for the week, ten sectors of the s&p is lower. let's look at bonds this morning. 10-year treasury is at 3.085%. during the course of the week, it has been higher yields. dollar was flat yesterday, but higher for the week. up 0.4% so far this week we have seen oil prices rise, of course, over the course of the last couple of trading days which helped energy as a sector within the s&p yesterday, oil up 1.2% it is up again this morning. the b

on brian sullivan, welcome, everybody. this is fast money and always live from the nasdaq market site we've got courtney garcia, welcome. steve grasso guy adami. >> we start with the latest warning from big tech. dropping more than 6% and cutting more than 30 billion of the market cap after slashing sales, expectations and everything else. the chip giant stated it's gained a division down by more than 40%. the ripple effects were felt through the future and universal display, a indy falling in sympathy down 2% and some down more while the broader market tried to shake it off and the nasdaq and s&p ended three day win streaks and the nasdaq a racino 200 point gain. let's talk more about this because it's an important company and the chip leader and i wonder if anybody expected it to grow because given there was a lockdown and everybody bought their kids and teenagers computers and i wonder if it's the canary in the chip mine or a unique situation. >> welcome. i won't get into the anchorman with the san diego stands. i will

i am brian sullivan. thanks for joining us. let's jump in and get to the tuesday money with u.s. stock futures showing a bounce back. right now all of the major averages up .20% dow up 60 points we are in the green. now wall street coming off some of the biggest declines of the year largely by what we warned you about at the end of last week. huge options expirations and new options positions by hedge funds. we talked about this on the down side on thursday and friday. that's precisely what we got now ahead of the trade today, the dow and s&p are coming off 2% losses respectively for the worst declines since june 16th worse for tech nasdaq coming off the more than 2.5% loss. worst daysince june 28th the five stocks in the nasdaq 100 ending monday higher wow. with those moves now, the dow is off 10% from the all-time high s&p down 14. nasdaq with the summer nice run is off 23% from the all-time high giveth and they taketh away. speaking with nasdaq and big tech brutal for tesla, microsoft, apple and ore. the stocks with the heaviest options activity as well losing billions in mark

i'm brian sullivan good friday morning or good friday evening depending where you are. let's check on the markets and your money stock futures are down across the board. dow off .50% overall, i should be quiet about this, it has been a quiet week for stocks overall that could change today. as we told you yesterday, it is the monthly options expiration today. the notional value of the options could be as much as $2 trillion that could increase volatility it may not, but it could, particularly on the sell side since so much has been on the buy side the last two months we will see if the position changes. something to watch futures are down in the bond market, yields ticking up a bit right now, 2.92% the oil market crude oil naggingly hanging around the $90 a barrel. gasoline is strong and natural gas, by the way, still above $9 a contract the longer that stays elevated, the higher your electricity costs may rise sizable move in crypto bitcoin down $1,500. ethereum is down right now about 7% it has been a pretty good run for ethereum hitting a bottom in mid-june bitcoin up

as always, welcome from wherever in the world you may be watching i'm brian sullivan maybe today we should say wherever in the galaxy because we also have cool outer space stuff coming up. it is not all bad news we have something to bring you together i i'll show you that coming up blast off with monday money. dow futures across the board u.s. dollar on the rise. nasdaq futures down 1.5% up 160 points. dow futures off 277. we are coming off what can be called a rough friday. i'm being light on that and a rough week for most stocks s&p and dow losing 3% each nasdaq losing nearly 4% all on friday alone all this as jay powell threw a new word in the mix in jackson hole forcefully saying, quote, restoring price stability will take time it requires using our tools forcefully to bring demand and supply in better balance reducing inflation is likely to re require a sustained period of below trend growth you may want to brace for more volatility this week as we enter september which is historically the worst month of the year for the s&p 500. according to our friends at bespoke, over the past 70 y

this is "worldwide exchange" here on cnbc >>> good morning, good afternoon and good evening i'm brian sullivan let's kick off the hour with your money stock futures are not giving us an indication. they are down. dow futures down 10 points nasdaq down .10% it is early. let's call it flat after a big two-month run, stocks have not moved this week. it is summer after all that could all change tomorrow really maybe today because of options. this is options expiration week. most expired today going into friday that could increase volatility something to consider for the next 48 trading hours. the 10-year treasury is 2.88%. moving higher on the back of the fed minutes which is seen as dovish than some might have predicted. the oil market, crude is sticking around the $88 barrel mark we have a guest saying that return to over $100 or $125 could happen also watching gasoline gas is very high last week remember, there had been hope that higher prices would cut demand, but maybe as prices dropped, demand popped in crypto, bitcoin at $23,300. the coins all slightly higher across the board >>> more on ou

i'm brian sullivan good to be back with you let's jump in and check on the markets and your money stock futures are lower across the board. nasdaq futures are down the most off .40% all this after a late day rally yesterday. the dow and s&p and nasdaq gained at least 1% still, stocks are down for the week with the dow down more than 1% since monday. all of this ahead of jay powell's comments at jackson hole and their big symposium today. he will speak at 10:00 a.m we have a taste of what's to come of the flurry of fed comments throughout the trading day here on cnbc yesterday >> when we look at the economy today, steve, we see imbalance imbalance between demand and supply that is putting high inflation at play. so, we still have high inflation. we saw easing in the july numbers. it remains broad based there is more work to be done. >> i'd like to see us get to say above 3.4% that was the last median in the s&p. maybe sit for a while. if the data says increase, we increase we have to get inflation under control. that is job one. >> if we act early and aggressively we will bring inflation

to germany through its nord stream pipeline, and there is more to the story than just that and brian sullivan is here with us and you have the whole story. >> i don't know if i do this time, but you know why, we've done it before and i guess we're doing it again russia shutting off the nord stream one pipeline once again unlike in july when we were over there in germany, that was ten days this pipeline expected to be off for three days once again gas problems, russia, russia's calling it a problem. either way, it was at 20% and right now flowing at 5%. three days time, that is when it is expected. so overnight september2 into september 3 is when it should turn back on and if it does, it should be only again at 20%. you are looking at natural gas futures and it has been a long time since i've said this, but european natural gas futures are actually down today and down fairly considerably over the last couple of sessions. how come it is because there is optimism that they will hit the gas storage total. remember just because the storage tanks make it almost all the way filled does not mean the

raise production, but by a very small amount we will get to the number in just a minute with brian sullivan who joins us with the latest brian, that increase was barely an increase. >> i mean, you could almost call it a cut in some ways, tyler anybody hoping for a big output increase from opec was certainly disappointed today, to your point, they gave that tiny 100,000 barrel per day increase. put that in context. that is 0.1% of global oil demand, it is just 1/20th of a 2 million barrel per day projected demand jump next year. why didn't they do more? most opec countries likely simply just don't have the excess oil, many are struggling to meet their current quotas and opec is also worried about what is hay head. remember the full european sanctions on russian oil do not kick in until december 5th got partial sanctions now, full ones kicking in on the 5th opec making a very vague opec-esque type reference to what may happen by saying basically, quote, all right, well, you know, we've got these -- we want to make sure that we've got some oil in case we get some external supply shock or whate

we will talk more about this, a developing story, and impact on the oil markets with brian sullivan at 6:30 a.m. eastern. we saw a lot of the cable networks yesterday or this week, melissa, were looking back at the afghanistan pullout. it's just a little strange we lost afghanistan and now the instability and replay of that in the two wars that just tore us apart for years and years we lost so many guys and gals and everything else. now you wonder about iraq. i guess. >>> in other energy news -- that is a big part what have we're talking about. dutch gas prices plunged 20% yesterday. the steepest drop since march. the decline brought prices down from levels last week. germany said yesterday the gas storage facilities are reaching capacity faster than expected. >>> president biden will deliver a primetime speech as he campaigns ahead of the midterms. he will address america's rights and freefreedoms he will speak outside independence hall in philadelphia. >>> stocks to watch. bed, bath & beyond shares surging 20%. up by 13% pre-market this as investors express optimism ahead of the upda

this story is something brian sullivan has covered very well you are talking about price increases. if you meet that in the united states, the idea of energy bills doubling over the course of the year i can't imagine the pushback politically. >> there's no way to just say okay, the most you will pay is this if it costs a lot more than that in the real world what does the government do? cover the difference >> that's why there's similar cap doesn't exist for businesses businesses will have to eat it. >> if the government -- someone has to pay. >> taxpayers are going to be paying this one way or the other. you can imagine it will go to the wealthier taxpayer >> it reminds me of what is happening here oh, well -- yeah well, you know, somebody else will pay for it. yeah if they don't pay for it, it gets added to -- are you spending more than you are taking in. you have the fed again >> printing money. >> right sooner or later, all of us have to suffer a recession to cover the overspending that we've done for the past >> this is unique. they are not overspending because they are whimsy i

. >>> hey, brian, thank you for being here too brian sullivan, my partner from a little ways away, but we made it work. great having you here today. thank you for everything folks, make sure you join us back here tomorrow. >> my pleasure. >> it's time for "squawk on the street." >>> good tuesday morning welcome to "squawk on the street." i'm sara eisen here with jim cramer live from the new york stock exchange carl and david have the morning off. take a look at futures right now. remember, we had a big turn in the market yesterday, started off weak, got strong throughout the day. we'll see if that can happen today. down 68 points walmart's up about 4% in premarket. that's helping the tone overall. we're still down across the board. nasdaq futures down 40 our road map for the hour is going to start with the retailers reporting. walmart and home depot both out with results we'll dig through the numbers. plus, we are whale watching from buffet to tepper, we'll break down the bets of what they sold and why. zoom shares falling after citi says sell. we'll begin with earnings from the two do

. >> and you have any upcoming thoughts of the energy >> well, brian sullivan pressed us on that, and that the weaker nations in europe would ask you crane to capitulate. >> well, that is not going to happen. they can ask all they want. but it is not going to be the case. they are hitting a different level here with the ukraine attacks and crimea and now the russian response, and bombing ports. it is not going well. >> and now, the partisan, if they had not been armed by us. >> that takes us to oil. >> and scott sheffield has been adamant and we will talk a lot about this. >> please. >> if we had more pipe which is supposed to be part of the bill, and manchin had it, and we were supposed to add on to the bill, and get more to europe without hurting our price which is now at nine, and i will ask mr. sheffield about that, but the president is very anti >> and we have two of the biggest exporters. >> and we have the most other than qatar. >> and so what are you talking about, because we need more pipes -- >> you mean permian because of the natural gas that they have to get to where all o

that's our brian sullivan.the road map for the rest of the hour amd's under a little pressure and some of the key chip names you should be buying ahead of the interview tonight. >>> why confidence is hitting new lows and what the fed has to do about it. >>> and michael saylor is coming up next. eassndor aerhee,ft t brk. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. at xfinity, we're constantly innovating. and we're working 24/7 to connect you to more of what you love. we're bringing you the nation's largest gig speed network. available to more homes than anyone else. and with xfi complete, get 10x faster upload speeds. tech upgrad

. >> great to see you, brian sullivan. our thanks to tom farley. have a great weekend and make sure to join us next week. squawk on the street is up next . >>> good friday morning. i am david faber with leslie picker and mike santilli. we are here for this nice friday off. let's give you a look at futures as we get started on the last day of trading of the week. we are set up yet again this week for a higher open, but we shall see. let's get to our road map this morning. it does start with sustaining sales. reports indicating apple asking suppliers to build as many of its iphones this year as last, despite projections for the overall smart phone market. >>> plus, five u.s. listed chinese companies are looking to delist from the new york stock exchange. we've got the details. >>> is coming. adam aron tweeting the date that his equity against trading will be here. that's the latest. >> that is pretty funny. let's start with the markets. what has been up to now a very positive august four stocks. great to have leslie and mr. santoli here to help out t

brian sullivan is with us to talk about everything going on around oil and energy. n, what do you think >> let's be sunnyside up sorkin and sullivan glass half full sunnyside of the street and sunshine and lollipops and rainbows $3.99 a gallon nationwide. first time since march that's good news for people. gasoline is incredibly regressive tax you pay the same, andrew, i pay the same a lot of people with lower incomes pay the same california, of course, the outliar, special blends and taxes. in the south and midwest, price of gasoline is below $4. yay. now to the stuff you may not want to hear which is this the price of oil has kind of sneakily gone up, guys, by $4 a barrel in just the last couple days throw the board up it is back up -- look at that. up again over 92. this morning, international energy agency raised their oil demand estimates by 380,000 barrels a day to 2.0 million barrels a day. because power plants in europe are switching from natural gas to oil this seems hard to believe in 2022 we are going from gas back to oil. it is like coal and oil continue

oil prices are rising and some comments from the saudi energy minister made to our brian sullivan in a phone conversation yesterday. we'll talk about it. the saudi minister raising eyebrows talking about possible market manipulation brian on the other end of the call is here with more brian. >> yeah, andrew. thank you very much. a wide ranging conversation with bin salman talking about the oil markets. he made a number of points i'll start with this because i think this is the main take away this is my read, guys, more than a direct comment from bin salman which is it is very likely that opec and opec plus could possibly tighten the oil market, maybe reduction in the output increase at september 5th meeting or possibly before that i say that because prince osama bin laden salman was adamant on the phone that he sees market manipulation going with the paper market, the contract we show viewers on tv and the actual price of physically delivered oil. remember, the saudis have been raising their selling price to asia almost every month, but the price of the crude oil contract has been com

brian stevenson speaking after sullivan v florida which had to do with juvenile punishment and whether a non-homicidal offense can be sentenced to life without parole. it us listen. [video clip] >> to say any child of 13 that you are only fit to die in prison is cruel. we believe that the constitution prohibits that kind of punishment and if the court should enforce that in this case and in the grand case. we are very hopeful that we can create a just prudence that the sense of children ration it's -- rationally and appropriately, some have to be punished and sent to prison but we don't believe any child of 13 should be condemned to die in prison. susan: what did sullivan v florida due to the system? ladoris: as a result of that case and remember, he was talking about, these are juveniles who who are sentenced to life without the possibility of parole for non-homicidal conduct. they did not engage in murder. the court has said you cannot basically agreed with brian stevenson. you cannot sentence them to life without possibility of parole for non-homicidal conduct. that is what brian ad

director brian deese, national security advisor, jake sullivan and the acting director of the office of science and technology policy, alondra nelson. and today the department of commerce launched chips dot gov. it is live now. you should go check it out. it is a one stop shop for funding opportunities, timelines, application requirements and so much more with that. so, just one topper today. reporter: um, so back on student loans, when did i ask you, congressman tim ryan, uh and senator bennett uh among democrats have made the point that the administration show further targeted the student relief and proposed a way to pay for the plan. what does the administration say to um, particularly congressman ryan's point that waiving debt for those already on a trajectory to financial security sends the wrong message to americans. and i was also hoping you could talk to people perhaps a little bit of color to what extent were consultations made with particularly democrats who had some misgivings and wanted to see this more fixed towards lower income americans. karine: so, just a couple of th

. >> brian: that jake sullivan. they say my be looking to tell the ukrainians it's over.ussians. always educational, thanks so much. >> great talking to you, brian. have a wonderful weekend, you and the team. >> brian: thank you very much. speaking of the weekend. coming up saturday night 8:00 amongst our guests we will talk about this senator tom cotton senate armed services committee member. trey gowdy break down the fox polls when it comes to the senate. and investigations we should be doing if the republicans take back the house? what does america want and what should they get? mike rowe on america are we becoming lazy and quietly quitting and alan dershowitz what we should be focused on and it's not the mar-a-lago raid. great jimmie allen will perform live for the great american concert series. first join him live on fox square to discuss his new album, next. ♪ >> we are back with your headlines. at least two people are dead after two small planes clyde mid-air while attempting to land airport in northern california. the smaller plane carrying two people plummeted in

sullivan says there will be severe consequences if iran attacks any american citizen. national security officials say bolton, former secretary of state mike pompeo, former iran envoy brianr robert o'brien have remained under threat from iran as a response to the u.s. assassination of quds force general kassem soleimani in early 2020. the u.s. government has provided security for the former officials. >> it's a big stress. it's a lot of cost. the last thing we should be doing is negotiating with a regime that's planning to do that. >> the biden administration has tried to resurrect a nuclear agreement with iran arguing it's the most effective way of preventing iran from producing a nuclear weapon. in march, a top state department official denied the administration was resisting indictments for these types of threats to sooth negotiations with iran. >> but nothing is being held back? >> nothing is being held back. we are going to protect americans wherever they are, however we can. >> two weeks ago, white house middle east adviser bret mcguirk said it was highly unlikely the u.s. and iran would revive a nuclear agreement any time soon. >> in a statement, bolton thanked th

advisor jake sullivan says there will be the consequences if iran attacked any american citizen to national security officials say bolton, former secretary of state, mike pompeo, former iran on by briany advisor, robert o'brien have remained under threat from iran as a response to the u.s. assassination of qassem soleimani in early 2020. the u.s. government has provided security for the official spec speak with a big stress because a lot of cost in the last thing we should be doing is negotiating with a regime that is planning to do that because the biden administration has tried to resurrect a nuclear agreement with iran, giving it the most effective way of preventing iran from producing a nuclear weapon. in march, a top state department official denied the administration was visiting indictments for these types of threats to sue the negotiations with iran. >> nothing is being held back because nothing is being held back there, we're going to protect americans wherever they are, however we can take us >> two weeks ago, white house middle east advisor pat mcgirt said it was highly unlikely the u.s. and iran would revive a nuclear agreement anytime soon. in a statement, bolton thank t