carl, great stuff.hank you very much for that we'll see carl, of course, again a bit later. >>> meantime a huge show still to come. largest cancer research conference is under way. we'll take you there live and hear from the ceo of astrazeneca. >>> and apple hitting an all-time high, a lk ooat the anticipated new products much more still to come. much more still to come. don't go anywhere. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> the american society of clinical oncology's annual meeting is under way, the world's largest cancer research meeting. lots of market-moving headlines are being generated. meg tirrell is there and joins us now with the ceo of astrazeneca. >> jon, thank you very much. and pascal, thank you for joining us. >> thank you it's a pleasure to be here as always. >> some of the biggest data has been in immunotherapy to better fight cancer you have a drug in

our world needs more carl webbs. >> okay. >> oh boy!ws carl reaps tenfold in return which, of course, he shares next time there's a birthday. kevin tibbles, nbc news, greensboro, north carolina. >> and 99 years young. that's "nbc nightly news" for this sunday night. lester holt will be with you tomorrow. i'm kate snow. for all of us here at nbc news, have a great night. >>> right now at 6:00, breaking news coverage continues. flames in lake county forcing people from their homes as an active and very dangerous fire fight. >>> the news at 6:00 starts right now. good evening, everyone, thank you for joining us, i'm terry mcsweeney. >> thousands of people forced to evacuate after the pawnee fire in lake county doubled in size today. the flames raging out of control at this hour. nbc bay area's sky ranger has been over the flames for the past few hours. here is a live look for you at that powerful pawnee fire. spring valley community evacuated, and on edge. nbc bay area's marianne favro has been monitoring the situation from the newsroom.

rumours circulated that carles puigdemont was ready to pull back and call elections, at the cata la nme under pressure from supporters of independence. and on the 27th of 0ctober, after crowds had waited for hours in the heat, the catalan parliament declared the region and independent republic. the then speaker of the parliament had been threatened with legal action if she allowed the debates on independence go ahead. but almost as soon as the parliament had declared independence, the spanish senate voted to suspend cata la n spanish senate voted to suspend catalan autonomy and remove carles puigdemont‘s government from office. the first time since the dictatorship, the spanish government assumed control of catalonia. by the end of that week for catalan leaders we re end of that week for catalan leaders were injail, where they end of that week for catalan leaders were in jail, where they have remained ever since. the speaker also had to spend a night in prison. carme forcadell was sent back to prison shortly after we spoke as spain escalated its response to the crisis in march this ye

carl, back to you. >> provocative take there, rick. either way it's going to be crazy.k you very much. >>> when we come back, we're on triple crown watch at the belmont stakes live at the track next more "squawk" after the break. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com save up to 15% when you book early it's pretty amazing out there. the world is full of more possibilities than ever before. and american express has your back every step of the way- whether it's the comfort of knowing help is just a call away with global assist. or getting financing to fund your business. no one has your back like american express. so where ever you go. we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. but we're keeping a close eye on the g-7 summit kayla tausche is in quebec city. ameamon javers in washington how is the schedule shaping up this morning >> there has been, carl, a post

i'm carl quintanilla with jon fortt.gan brennan is with us from a harley-davidson plant in kansas city a lot more from morgan later this hour. first up, though, this morning the trump white house announcing a pivot in its approach to restricting chinese investments in the united states our kayla tausche is in washington with all the details. hey, kayla. >> hey, carl the administration decided to forgo investment restrictions targeted specifically at c, which the president directed treasury to study in march but instead it will lean on an expansion of treasuries existing authority to review foreign transactions that may pose a national security risk there is bipartisan legislation moving to do just that and a version passed the house yesterday 400-2. the decision removes a tool the president and hardline advisors sought out in dealing with china and the treasure secretary argued on cnbc that unlike investment restrictions which would have taken time to craft and implement this approach creates more clarity. >> this doesn'

carl, a lot more from you.ee you in a bit thanks for now carl quintanilla in chicago. >>> microsoft making a $7.5 billion acquisition this morning of github. the ceo satya nadella joining "squawk alley" at 11:00 a.m. eastern time >>> plus, facebook is in hot water again. promises of user privacy falling flat as new concerns dow up you like dinosaurs? so do i. hey blue. i brought you something. okay. we're getting out of here.u're . run! holy! this is gonna be awesome. rated pg-13. >>> welcome back to sk"squawk on the street." a big supreme court ruling involving the colorado company small business and whether it was at issue here not making a cake for a gay couple. the issue here is whether, first of all, the ruling is the supreme court sided with the cakemaker in this case by a 7-2 vote with a narrow interpretation the issue was whether or not colorado's public accommodations law made it possible for this person to contest making a cake for a gay couple on religious grounds. in this case here, in the 7-2 m the

deposed catalan president carles puigdemont missed the election.f independence, he fled for brussels. in march, he was arrested in germany and subsequently let out on bail. speaking on his release, he called for a political solution to the crisis. the time for dialogue has arrived! we are demanding the dialogue from the last years and we only received a violent and repressive response. now, seeing the fall of that response, it's time to do politics. if the german court agrees to his extradition, mr puigdemont could spend years in a spanishjail. independent commentator josep ramoneda blames a failure of leadership on both sides for the current crisis. after months of stalemate, mr puigdemont nominated a new president, quim torra, a decisive figure who has had a divisive figure who has had to apologise for comments he made about spanish speakers in the past. the appointment of a new government means rule from madrid will end. mr torra continues to press for the release of those in prison. so far, politicians have been unable, or unwilling, to break t

carl was right, though the markets aren't very exciting but it all fits.e have a couple of charts these charts are interesting on the first chart i want you to look at u.s. cpi year over year. this is headline, which was up 2.8. as you see on the chart, we haven't been at this level since february of 2012 but what's more interesting about this chart is look at the range. especially the downside. virtuallhis data stopped basically at zero. slightly negative. and the reason i bring it up is because i want to look and compare it to the ppi year over year data that we had out of japan. it was up 2.7. i would like to show that chart. this chart goes ba to 2000 you get the point. it's not about how far back it goes it's about how far down it goes, okay if you only went back a few years, the range is 4% to minus 4% you go back to 2010, it's basically 7.5% on top and minu 8.5% on the bottom i guess the point of this is every central bank seems to have picked this % target with regard to inflation and they have different metrics that satisfy this 2% this isn't the

carl: industrializhas caused the loss of so much flavoruali and q. and for my generation, it's now time to protect and rediscover such things. reporter: but it doesn'te cheaply. 310 euros for 50 grams. and the price won't fall until there are more nacional cocoa trees. that's one of the aims of the farmers here. several want to go the same way as servio, cultivating small amounts in a sustainable way. servio: at first it was just a dream. and then, it works. and that makes us very happy. it feels like e a real triump. re rter: after this good first harvest, the cocoa beans have to ferment, which takes a combination of time and servio's experience. but for today at least, it's time to relax. host: and now in global snack, we head to vietnam to taste like everywhere in this cotrtry, pepeople here attatach a lot off importance t to good food.d. and theyey're proud ofof their l delicacies. just r rnd the corner from thee is a smamall restauranant runy madame t thuy. she serves freshly made banh loc dumplings. they're so popular, the restaurant even has a

so, carl, facebook first, expedia second and google third.ere's a conversation earlier about where valuations are. the advantage you have with stocks like facebook, expedia, too, and google, these are pe stocks with premium, consistent growth rates and very nice free cash flow generations. that is -- we never saw that in '98, '99, 2000 these are stories that only could have been created in the last ten years and have been created. valuation stories are better and there's a little bit of wall of worry on facebook that doesn't need to exist. they still have new monetization we continue to like netflix. that stock is pretty much at or a little bit above our short-term price target. i think the stock can go higher. it's a small buy for us here. >> what do you think in its collective wisdom the market is saying with all the media combinations happening just keep it simple and they're all fighting netflix and why not buy the real thing >> you know, mike, i think there's an interesting interpretation i think jim was on the call yesterday on cnbc, ta

carl, we congratulate you and we thank you for answering this call to service. [applause] we also thank your entire family for undertaking this journey with you. we are glad to be joined today by the admiral's wife, dawn, his mother, elizabeth, daughters kelsey, lindsey, and analyce and sons eric and zachary. thank you very much. stand up. [applause] as we observe this change in command, it is a great moment not just for the coast guard, but for our entire nation. the coast guard record is unsurpassed anywhere in the world from the courage of your heroes, who man the landing craft in the south pacific, to the legendary prowess of your pilots to the astonishing feats of your rescue swimmers. your service makes all of america proud. we're proud of the coast guard. more so today, i will tell you, more so today than ever before. [applause] and for that reason, america knows that we can always count on the coast guard because the coast guard is always ready. [applause] now admiral, will you please step forward so we can formally recognize your accomplishments? >> mil

hey, rick. >> good morning, carl. rick. >> good morning, carl. thank you.ike to welcome my guest from newberger berman. what we just heard was breaking news, maybe reports of exactly how much the u.s. will contest sharing or allowing companies to invest in certain strategic areas, maybe a fake news story you know, it's very difficult, even the news we know to be true coming from the president and administration, it must be very difficult to service investors at this time. >> the trade issue is a challenge. july 6th deadline for the 50 billion. our volatility will keep rising over the next week we have the mexico election coming up over that period of time, too. the introduction of the threats, $250 billion tariffs, car maker tariffs, it's a risk that's been there but it's percolating more into the market. we're reaching a deadline where we can punt on it but we think something is going to end up happening one way or another. >> so hard to get bearings i see them quoting chinese news stories, which i don't know if there are any worth quoting. and really a bi

rick >> thanks, carl.w that investors need to try to get a handle on to keep their positions profitable, to limit risk, to potentially neutralize some positions in the face of uncertainty. boy, that's really a tough one nowadays one thing i can tell you is if you look at what's going on in the u.s. economy, present and future against what we know now about europe, china and japan, and even forgetting all the trade issues out there, it really is quite a teeter totter with respect to the u.s. holding up so much better and all the other large economies really sliding in a variety of ways let's take europe, for example now today's an important day in europe in brussels, they have a big eu summit and in the summit there's a lot of unhappy campers let's start with one deputy secretary of italy, salvini. he grabs a reporter and starts talking to a german newspaper -- magazine actually. and his comments -- i'm paraphrasing -- he wonders what the longevity of the entire framework of the countries that formed the eu

i'm carl quintanilla with jim cramer david faber is in boston >>> futures solid.he markets steadier regarding trade tensions tons of corporate news europe is green. ten year 2.89. a big story we begin with news in media m & a disney raising the offer for $38 a share. fox said the new disney deal is superior to the proposal made by comcast. cnbc's parent company earlier this month david has more in boston what a morning, david. >> reporter: yeah, you know, in some ways, carl, i should have known and expected it given the radio silence i was getting from certain camps. disney jumping ahead of what we expected was a process that might engs tend until late next week but would have ended up in the same place, which is where we are now disney raising the bid to maintain, of course, the merger agreement. a new merger agreement now it signed up with fox the bid from comcast that was $35 all cash let's break it down. it's $38 a share that is up from a deal that was all stock previously let's call it around $28 to $29 a share depending on where disney was trading they have

our world needs more carl webbs. >> ay. >> reporter: for whatever love he sows carl reaps tenfold inourse, he shares next time there's a birthday. kevin tibbles, nbc news, greensboro, north carolina. >> and 99 years union. that's "nbc nightly news" for this sunday night. ouester holt will be with tomorrow. i'm kate snow. for all of us here at nbc news, have areat ght. r >> tonight a bigcture. >> look what we've donhere. >> a 2,000-mile mission along the southern border. life-threatening journeys. >> it could be smuggled, and could be armed. >> and life-supporting ones. >> we ship to mexico every single day. >> what is it really like to ve n the line? >> process a process just to get to school. >> this is my place. h

carl: and other people who were clerking er a candidamed to the court. there was a very subtle campaign going on and thingso say, things will be ok. you have to remember, and ie agith your point at the beginning. the judicial approach is what has been working for the trump administration. this is something that has worked tore them. gorsuch has been a big hit.r and ot lower court judges than they have in the district. cou and that list, the famous list which heon his election, because ck evangelicals sith him. trump looks at this week and says this is another chance to make a big mark and cement the conservative control on the court and of course, this stirs up the senate every time.in no like a supreme court fight. we have a ways to go he. robert: does it stir up the mid-term election for both parties? >> this is going to be a fight. there is nothing like a supreme court fight in washington. but one tha has a chance to tip the balance of the court that is something that isonental in a heated year. and look at the democrats, very helpfully focused on hea

carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go?ice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at choicehotels.com for the father's and other parents separated from their children along the southern border over the last six weeks. although families were sometimes split up over past administration the numbers spiked after a zer tolerance policy. so the parents go to jail and the children go to shelters such as this one where they stay until they are reunited with relatives or deported. joining me to talk about this from el paso, texas is democratic congressman challenging senator ted cruz for the senate seat in november. thanks for joining us. you are leading a march to the nearby town where a new tent structure for these children has opened. officials say 360 children are there. what can you tell us about these kids? have they all been separated from their parents under the new practice or did any come unaccompanied? >> what we are to

i'm carl with morgan brennan and n fortat the new york stoc

i'm carl quintanilla with jon fortt.harley-davidson plant in kansas city a lot more from morgan later this hour. first up, though, this morning the trump white house announcing a pivot in its approach to restricting chinese investments in the united states our kayla tausche is in washington with all the details. hey, kayla. >> hey, carl the administration decided to forgo investment

>> let's look at one other aspect. >> hang on, carl.>> i think we're seeing that in some ways north korea is reshaping the world more than the ud states. we have america losing friends because the president is pushing them away, and we have north korea being brought into the warm embrace of the united states. so when we observe this, we have to think there's a bigger shift afoot than just the photo op indicates. >> go ahead, carl. >> it's the juxtaposition of the two event, the disdain and contempt the president of the united states has for the western alliance, for the greatest alliance of modern times that has brought the modern world and particularly the west so much. and now he is willing to blast it apart. and at the same time we see him courting dictators, courting putin, couing the leader of north korea. look, it makes some great sense to come to an agreement with north korea if it can be done, but they can be done at once to have a real alliance with our traditional friends and not to declare war on those who had gone the hard d

good morning, rick >> good morning, carl. we have, at lease at this point in the session, a parallel shift in the curve maturities are down basically a couple of basis points, that after, of course, we are holding on a flat curve. yoknow, the 10s minus 2s hovering just above 240 basis points these are levels we haven't seen since the fall of 2007 now, if you look at a two-day of 10s, you know, yesterday we popped a mid today we gave a lot of it back but that isn't the point the point is, as you look at this may 1st chart, that we held the gains that we had, the sell-off that occurred after the solid jobs report friday, and we continue to hold here's something interesting on that chart you're looking at if you look at the high-yield close and the low-yield close, the midpoint $2.95s about where we failed yesterday. that's not lost on floor traders. many are using that as a intraday pivot looking at a two-year chart of bund yields, they're down four basis points today, down at 38 guess why. well, it's not like it was a week and

i'll carl quintanilla with sarah eisen. have a consequential week with the singapore summit going on. >> that begins with a historic summit president trump is set to meet with leader kim jong-un in just a few hours. we're live on the ground in singapore with the latest. >>> a special place in hell. the war of words against canadian prime minister justin trudeau after the g7 meeting >>> and keeping an eye on top supreme court watch. we are watching the cell phone privacy and the trump travel ban, any of which could come in this hour. >>> and we begin with the president leaving one summit for another. and lashing out at allies in twine following the g7 in quebec president trump called justin trudeau, quote, very dishonest and , before peter navarro took it farther. >> there's a special place in hell for anyone that engages in diplomacy with donald j. trump and then tries to stab him in the back on the way out the door that's what justin trudeau did with that stunt press conference that's what weak and dishonest justin trudeau

i'm carl quint,

right now we moved into negative territory, carl.own five points back to you. >> thank you >>> rick santelli in chicago good morning, rick >> reporter: good morning. up a couple of basis points but everybody has been talking about the year over year inflation number 2.8. that is the highest level since february of 2012 and we'll pay close attention to that the market did when that number was released pop a little bit. but hasn't moved all that much all though as you look at the two-day chart it's firm. it's trading both yesterday's yields if you open the chart up to the beginning of may, we're darn close to a three week high you know, a half a basis point this 297 area is an area to pay attention to maybe the most interesting thing is you look at that chart. the high for the year on a closing basis is 311 we're currently at 297 we're basically 14 basis points away from our high and we've talked about how the bunds many of the rates in europe underperformed but it's apples to oranges. not necessarily in this case look at the may first

. >> the earl birds are up and carl web's fingers are picking out the numbers.age he can't visit everyone on the birthday list. >> well happy birthday to you. >> but no one misses out on goodness. i wouldn't be alive without it. what's so special about this deeply religious man with the golden voice, he has been making this these calls every day to the congregation of his church and even complete strangers for 18 years. >> and he has a drawer full of number cards to prove it. >> all told, how many calls do you think you've made? >> somewhere between 35 and 36,000 times of singing happy birthday. and before long i think i'm going to learn all the words to happy day. >> the phone numbers are compiled by friends at westminster church in greens borrow, north carolina. >> it's the creativity he came up. he figured out a way to serve. >> he has been singing since with his album. recorded a >> these days he spreads the love in the home of daughter betsy. >> not day goes by that i don't get somebody coming up and saying thank you gror dad for that call. >> and watch the

fromll go to carl medicine, mississippi. repuican md. as you watch all of this, carl, what is going through your mind right now? guest: it's great. i was there -- caller: i was there in 1982. iran and othert countries take a look at this. god is still in command. visions that in 2013 and 2014 that everything is taking place just like it is now. he was born in 1982. host: he was born in 1984, if you are referring to the north korean leader. he is 34 years old. he spent time in switzerland at a boarding school. he is now the north korean leader after the passing of his father. the source of a lot of stories in terms of human rights inside north korea. we shared with you a moment ago the book that was by park, talking about what life was like as she and her family left north korea when she was only 13 years old. we covered a number of books and recent events on north korea on our website at www.c-span.org. that the northng korean people did not learn abt the summit until yesterday, which would have been today because of the time difference,

a carl, you a bit of a ham? i wreak of ham. >> love, positivity.ds more carls. >> he shares his love the next time there's a birthd. kevin tibbles, nbc news, greensboro, north carolina. >> wha a wonderful story. a man who walks the walk as he's living i faith and sharing the joy with so many around him. >> we could use more carls in our lives. > h remin me of my own grandfather. he would sing the song from beginning to end and i i saved. it mines so much. >> one more check of the forecast with lauren rickets. >> it's going to be a beautiful day. a beautiful afternoon. the low humidit continuing. the sunny skies continuing. not only today, but tomorrow. next chance of rain comes wednesday afternoon. 70s and 80s right now, if you're grilling out tonight. the sun not going down until 20 minutes to 9:00 million 83 today. and then temperatures will be in e low to mid-80s once again for tomorrow, we're looking at some rain later o wnesday through thursday morning. look at the weekend, hot and humid, mid to upper 90s, guys. >> thank you, lauren. it's goin

carl? lowest price guaranteed. what about the world's lowest limbo stick? how low can you go? nice one, carl. hey i've got an idea. just say, badda book. badda boom. badda book. badda boom. nice. always the lowest price, guaranteed. book now at choicehotels.com this is the story of green mountain coffee roasters dark magic told in the time it takes to brew your cup. first, we head to vermont. and go to our coffee shop. and meet dave. hey. why is dark magic so spell-bindingly good, he asks? let me show you. let's go. so we climb. hike. see a bear. woah. reach the top. dave says dark magic is a bold blend of coffee with rich flavors of uganda, sumatra, colombia and other parts of south america. like these mountains, each amazing on their own. but together? magical. all, for a smoother tasting cup of coffee. green mountain coffee roasters packed with goodness. moderate to severe rheumatoid arthritis was intense. my mom's pain from i wondered if she could do the stuff she does for us which is kinda, a lot. and if that pain could mean something worse. joint pain could mean joint da

and tom fraiser and carl and mr. kessler do an important and crucial job serving banks customers at northeast ohio. it is located in lakewood. welcome, mr. kessler. bob sigh dough is a principal at ernst & young, more than 30 years of experience working with fortune 500 companies on all aspects of security, data protection and privacy, identity and mac cess member management and cyber economics. i met with him this week and impressed with his expertise in all things cyber security. and also impressed with his knowledge of all things cincinnati reds. and while i'm an indian fan, at the other end of the state, i urge any of you baseball fans at one time go to cincinnati opening day, it's celebration of

oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low?hat's three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. you finished preparing overhim for college.rs, in 24 hours, you'll send him off thinking you've done everything for his well-being. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quick to talk to your teen's doctor about a meningitis b vaccine. ♪

good morning, andrew. >> good morning, carl.was a big day in seattle, howard schultz stepping down after his tenure after growing starbucks around the world the big question and issue is the speculation about what he's going to do next he has said that he will pursue, at least, exploring some form of public service, which has led to lots of questions as to whether he will run for president in 2020 he has said he did not make a decision yet but had a lot of views about public policy in this country take a listen. >> i've been engaged in a number of, i think, very important issues that are facing the country and trying to advance the cause of the national conversation about such things as iigration, as an example. let's just take that i don't think we've got a very humane policy. i think we need border security. but there is a lot of nontruths. as an example, two-thirds of the undocumented people that we're talking abouare people that have not crossed a border. these are people that are here because their visa has expired that's o

i'm carl with morgan brennan and n fortat the new york stock exchange busy morning, obviously, on thet front and pretty soon on the interest rate front as we wait for the fed decision in a few hours. >> absolutely. tomorrow we get ecb as well. this week is going to continue to move forward with a lot of activity, even with the dow barely moving right now, ahead of that decision, up about 7int >> big talker of the day, big approval for at&t's time warner buy, shining a spotlight on other media acquisitions 20th century fox trading at a new high comcast expected to make an all cash offer for the same yasz sets that disney is interested disney three month high. the pending sprint/t-mobile merger, and verizon might buy, we're joined by walter isaacson, advisory partner and former chairman of cnn, and roger mcnamee with us on set, elevation partners co-founder and early facebook investor. what a day, we will begin walter, i guess, are you -- do you applaud judge leon's decision did you expect it this way >> i expected it this way because you and jon fortt both said it on the show a few tim

big volume today now at the highest of the day, carl. >> bob, thank you. we'll get to the bond pits, as well rick santelli at the cme good morning, rick >> reporter: good morning, carl. obviously, equities had an interesting run. softest in the dow and the nasdaq big issues there there's not a big issue in the fixed income space most treasury rates are close to unchanged on the week. there is a bit of a curve bias look at a one week of tens and if you pick 290 to be your support, and just under 3% to be your resistance, the month of june has been kind to you. let's look at tens minus twos. there's a year to date chart we're not on the flat lows going back to '07. but we're close as we hoover around 36 basis points you know, a lot of attention bait paid to italy and some lesser extent greece is the quiet little deal they made to extend, of course, the game plan, i think, in certain ways with regard to how the european union treats the greek economy but you can see that when it gets crazy over there the inverse relationship pressures the higher quality bund

louis fed is listening to carl. if you listen to carl, we still have a ways to go. >> it is all about wages. wages --up faster than the disposable income people have to spend on the stuff they want is going down. unless you see the wages go up. alix: he agreed with me. david: that is wonderful. alix: i did it. david: i cannot talk about the muppets. i'm sorry. thank you so much. coming up, more on trade. the ambassador, former u.s. the eu and former undersecretary for commerce and trade. this is bloomberg. ♪ alix: this is bloomberg daybreak. your bloomberg business flash. the trump administration has begun an investigation. learned that a criminal probe has been opened. the focus is on secondary market trades for the corporate debt of the mortgage firms. he is martian net -- unveiling his final strategic roadmap for fiat chrysler after 14 years in charge. disney is trying to break a logjam in contract talks with its union. to $15 aning the wage hour in the next three years, 836% increase. union officials have not re

liz: carl it's a fine line between being very protective of our intellectual property in the u.s.nd government overreach so we'll be watching that. give us a call any time. we want to hear how the real job generators in the valley are feeling moment by moment thank you so much. >> liz, thanks for the great work you do. liz: oh, thank you so much, we'll see you next time. we want to get to this breaking news the first lady as we mentioned has just gotten on the ground and is visiting now a second immigration facility of the day. she's in phoenix, arizona. fox business learned she's visit ing a department of health and human services facility where children are brought after they're separated from their families and their parents. there are reports that there are also a couple of dozen protester s outside of the facility. meanwhile, there are also immigration protests at the nations capitol. heart senate office building is the location. the crowd was reportedly chanting "what do we want, free kids." we'll coup an eye on all of this as it comes in but at the moment we're going to tal

i think we're at the beginning of this cycle, carl. think we're anywhere near the end we're at the beginning this could going on for a bunch more years, in my judgment. >> larry, it's jim i totally agree with you i think this is one of the great bunds i've seen. noninflationary bund we should go to the germans and say, you know, you can't building plants in mexico and getting around the rules to the japanese we're strong they're not. isn't that when you strike and get your point done? >> you know, james, that's a good point you and i, once again, are on the same page. my pleasure. look, first point, we're going to go up to the g7 summit next week the leader summit. i think president trump has a right, you know, in a modest way we've developed an experimental policy here. low tax rates, lower regulations, no punishing business let's reward success take a rip at the ball that's american capitalism entrepreneurship so the oced published numbers, jimmy, it said the united states economy is growing fastest in the world. i'm seeing mild down

and at 88, carl, every day, taking those steps.etting out her clothes, her shoes, every night. >> i put this in the back. >> reporter: even lining up her jewelry for the next morning. a ritual his own children were unaware of. >> she has two earrings, two necklaces and a watch and a separate bracelet on there. so, you have two, two and two. >> reporter: those numbers he often repeoples the next day. >> tomorrow, she might say, where's my third necklace, and i would say to hetwtw two. remember? oh, okay. >> reporter: only learning how much her father is doing when she stopped by the house during that daily routine. and another secret weapon she's discovered? laughter. >> we just noticed that if we were happy, she was happier. she doesn't know us by name anymore, and that's okay, but she does know that we're people she loves, and that's enough. >> reporter: and carl will set out those clothes again tonight. >> i wouldn't trade the experience i've had taking care of my wife. i would like to think she wouldn't trade the experience of t

come on, carl. >>actually, i think he does expect -- he projects a kind of infallibility that he expects an awful lot of people to go along with. yes, i think he expected to have great congratulation. look, he ought to be colated for initiating this dialogue with this ruthless ruler. and if anything can come from it, great. but at the same time, his conduct at the -- >> i agree with in the sense of if something comes out of this. but every single president, especially the president before this one who proposed speaking to kim jong-un was lambasted by republicans and by -- >> the issue here is not the hypocrisy of the republicans. the hypocrisy of the republicans, particularly in regard to iran and north korea, it's on full display. and trump's hypocrisy is on full display. i think we call in the press too, we take the baitetimes too often. >> yeah. >> the real fake news, the real purveyor of fake news is the president of the united states. >> he is the biggest nd meanile product of the press. he lov

i'm carl quintanilla, post nine, along with julia boorstin, jon fortt.organ has the morning off big interview of the day, buffett and dimon speaking with our own becky quick and how it could lead companies to make poor decisions to satisfy shareholders >> you can change exposure by making a phone call, do some swaps and hundreds of millions of dollars revenue a lot of people cut marketing. that's one of the easiest things to cut. >> right. >> you can pay people left it's like airplane maintenance you can reduce airplane maintenance but it's a really bad idea. >> yeah. >> yeah. tell me if you're doing that any place. >> covered a lot of ground big op-ed in the journal about this corporate guidance theory they're putting out there. along with other comments about the economy, the consumer, the markets, the euro, trade and a lot more. >> so much there i really think this issue of short termism is something i hear a lot about on the west coast. bob iger doesn't provide quarterly guidance for disney. whenever we report the result compared to expectations, he

i'm carl quintanilla, morgan brennan, jon fortt dick costolo, good to have you he was able to listeno julia boorstin wrapping up her interview with snap chat ceo evan spiegel. >> isn't it uncanny how much evan and i look like each other? that jumped out at me while i was watching that. >> the thing that people need to understand about snap is irrespective, they have a ton of daily active users and that should drive more than enough inventory to be the growth driver when i look at the user they have and the current revenues they are if the programmattic advertising works, second price options and yield optimization, they've got a lot of revenue growth there, even before growing users. >> is that a bigger, broader vision thing spiegel talked about revamping android, for example. >> it's a good question. what we'll know in the next couple of quarters, the programmattic rm is ether they've got a technological issue with their platform that's not good enough in not allowing advertisers to spend what they want to spend or is it just that advertisers aren't used tot yet? and they're startin

we always say time will tell, carl, on these things. >> jury still out?all the cliches but really, time will tell because after a while, over time, you're able to see the growth in apps and able to see the growth in the overall platform business. oracle's strength, i believe, really is in apps and data base when it comes to the cloud story. very few people think they're really going to challenge amazon and microsoft when it comes to the platform business purely will that end up the apps business and database business strong enough for oracle they get powered to new heights, pick your cliche. >> the guidance on currency and whether or not that's a harbinger of what other companies are going to say in a q2 earnings. >> oracle and adobe are those canaries in the coal mine cycle wise they report a little earlier often enterprise wise they tend to tip the hand a little bit and give at least a clue for the questions we're going to see analysts ask of other companies. coming up, president trump's latest tariff proposals against china causing global markets and i

i'm carl and i'm a broker. do you offer $4.95 online equity trades? great question., for a full service brokerage like ours, that's tough to do. schwab does it. next question. do you offer a satisfaction guarantee? a what now? a satisfaction guarantee. like schwab does. man: (scoffing) what are you teaching these kids? ask your broker if they offer award-winning full service and low costs, backed by a satisfaction guarantee. if you don't like their answer, ask again at schwab. yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. mom anit's not theirs.car... it's mine. mine. mine. and it always will be, forever and forever. the new rx 350l with three rows for seven passengers. experience amazing at your lexus dealer. find thenah.ote yet? honey l

thank you, carl quintanilla. >> see you later >> it's good to have you on.g good. >>> when we come back, we're going to get you all set for the week ahead on wall street. we'll be talking market strategy, oil prices, and the dollar next. daif david bianco has thoughts on that dow up 130 points. nasdaq up 20 points this morning. s&p futures up by close to nine. before we get to all that, a potential warning sign for the economy. steve leisman, what do you have coming up? >> we have a strong jobs report on friday. a new survey out looking for strong gdp this year, next year, and this year. but is there a warning sign inside those numbers a recession warning sign we'll talk about it when "squawk box" comes back. an act of mutu. we can help with the financial ones. learn more or find an advisor at massmutual.com ♪ >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market si in squawk square new york i'm joe kernen along with becky quick. the national association for business economics is out with its business survey and steve lei

carl bernstein was played by dustin hoffman. >> one of the things i observed with carl is that he smokedo incessantly. carl was always -- always had ashes on his tie and his shirt. i said, that's got to be in the movie. >> is there any place you don't smoke? >> 40 years later, the two investigative reporters are back in "the washington post" newsroom. i join them for a reunion with ben bradley. their former editor. the first time in decades we have all been together. >> hello, robert. >> it's texting intempting to watergate could never happen it again. they know better. >> i look good. >> it's only 40 years ago. >> i wanted to dig deeper into their story and to what if any impact it had on our culture today. a photographer is here to document the three men. for bob woodward, watergate started the way most stories do, with a phone call from his editor. >> the moment i got the call about 9:00 a.m. on saturday morning, june 17th, no one flashed a message to me, this is going to be one of the most important days of your life. >> i was in the office that day. i saw all this commotion around t

oh, not so fast, carl. ♪ oh no. schwab, again? index investing for that low?three times less than fidelity... ...and four times less than vanguard. what's next, no minimums? ...no minimums. schwab has lowered the cost of investing again. introducing the lowest cost index funds in the industry with no minimums. i bet they're calling about the schwab news. schwab. a modern approach to wealth management. just another day on the farm. or is it? this farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed. >>> keep your eye on ge this morning. it declares a regular quarterly dif divide dividend no cut we will see how that affects sentiment. >> he is on ice there. i am recommending a stock, paypal listen, we will put on the best idea of the areas exciting, square, paypal, ma