cnbc will be all over it this afternoon.argo securities. good morning. >> good morning. >> we are widely expecting the fed to raise interest rates. where is the big mysteries this afternoon? >> i'll follow up on your earlier discussion with the dot plot. the dot plot that taken on more significance for two reasons. one, it shifted up rather than staying down. and second i think the market is more convinced that the fed will follow that dot plot. and the major factor here is the inflation trend. we have had a kick up in inflation, and the question is will that inflation kick up continue going forward or will it sort of flatten out? that's the difference i think between most people with three or four rate increases. i would watch the fed's commentary with respect to inflation. >> john, is it plausible that we could get 50 basis points today? >> i don't think so. i think that would shock the marketplace. i think that's a fairly aggressive move from the fed's point of view, especially give wlan we discu n what we have just discu

welcome to "worldwide exchange" on cnbc.'m sara eisen. >> i'm wilfred frost. good morning to you from me as well. a great tune to bring us in. >> let's look at the global markets this morning after stocks lost early gains in yesterday's session. the dow down about 15 points. it was in a tight range all day. the post fed celebration wore off. healthcare was a laggard, technology and financials did end higher for the day. as for futures. s&p lower by a full point. dow down 1. nasdaq barely positive. as for the ten-year treasury note yield, 2.53. we really have seen yields back off lower. >> we have. but this is a decent move up today. we were down immediately 2.5%, but ending the week picking up a bit. the story of the week as a whole, a flattening of the yield curve. the ten-year and the 30-year moving down, the two-year moving up. 2.53 for the ten-year. for the whole, stocks are higher given the fed-inspired mini rally in the middle of the week. up a half percent for the week. >> dollar weaker for the week, and gold up 2%. >

steel mario longhi, another cnbc exclusive.efore all that, a hands-on look at samsung's new galaxy s8 and s8 plus. we've got the plus here onset when "squawk alley" returns. >>> u.s. transportation secretary elaine chao confirming the president will unveil a $1 trillion infrastructure plan later this year. for more on the future of american infrastructure and competitiveness under the trump administration, we are joined in a cnbc exclusive interview by the ceo of deere & company, sam allen, welcome back. nice to see you. >> thanks, good to be with you. >> were you encouraged, sam, to hear the infrastructure plan might be unveiled this year? some were thinking it was a 2018 story. >> yeah. it was. i think our group, specifically deere, but also from the council's standpoint that i represent here as well is thinking probably it would be in '18, but i'm very encouraged potentially it might be taken up this year, especially if they can bring everybody together in a bipartisan fashion and talk about passing something and funding it.

tess, welcome to cnbc. good luck, look forward to having you on our show. >> thank you very much. >> in london investigators are working to figure out the full scope of the deadly attack outside parliament. cnbc's wilhem marks joins us now. >> the crime scene behind me is pretty extensive still. a lot of traffic blocked from getting closer to a few hundred yards the site of this attack. the bridge behind me, westminster bridge was where the attacker drove at speed along the pavement hitting pedestrians, many of them left critically injured. 7 of them left critically in hospital, four deaths, including a police officer who he stabbed to death inside the grounds of parliament. the metropolitan police have performed a number of raids, arresting seven individuals at six different addresses. things are returning to normal a bit. we are seeing people returning to work, cycling to work. cafes are open, even tourists and tourists boats are coming up and down the thames here. >> so they have not publicly identified

let's get over to steve liesman who's got a cnbc rapid update.ve. >> yeah, really weak consumer spending in the data this morning prompting a decline in the outlook for q-1 in the tracking forecast cnbc rapid update declining by three ticks, 0.3% down to 1.4% with a range of 0.9% to 1.8%. came in 2.1. pretty good market slow down. bank of america coming down the most of all, they were probably one of the more optimistic on the street, you don't see this every day. the atlanta fed coming down by 0.4, they are now below 1%. goldman sachs more optimistic down by 0.3, morgan stanley down by 1.4 and bank of tokyo unchanged kind of on the higher sigh side of the group we look at. jon, consumer sentiment is so strong, how is it possible consumer spending is quite so weak? and we'll see if we get a bounceback in march. back to you, jon. >> maybe we're saving up for something big. thank you, steve. and when we come back, we are talking rebuilding america all day here on cnbc. a coast-to-coast report after this. plus, nam president and ceo jay timmons join

a lot of squawk viewers and cnbc viewers know it as the haines bottom after hark haines said on cnbcth that he thinks the market hit its low. look where we have come from then. 666 back to 2300 and change. look at the u.s. equity futures. the dow futures are indicated down by 14 points. markets have been down. the dow and s&p have at least for the last three trading

warm welcome to "worldwide exchange" this friday morning on cnbc.'m wilfred frost along with morgan brennan in for sara today. good morning. >> good morning. great to be here. >> great to have you with us. not just any friday, new music friday. we're kicking off the show with lo lorde's brand-new song. the "e" is silent, much to the amusement. this is very peppy for lorde. i'm digging it. >> it's called "green light." let's get to the market action. >> let's look at what your money is doing this morning. starting with u.s. equity futures. we have got red today. we have the dow jones indicated to open lower by 35 points. the s&p poised to open 6 points lower. the nasdaq down 15 points. this after stocks took a pause yesterday given the record rally we have seen in recent days. 9 of 11 s&p sectors yesterday finished lower. led down by financials. caterpillar was the biggest negative after federal agents searched their offices, something i reported on throughout the day yesterday. even so, we are on track for all three of these indexes to close the wee

we're joined first on cnbc. the company begins trading on the nasdaq this morning. >>> later the ceo of adventure racing company, tough mudder will talk about new tv partnerships. >> that's the one you did? >> i did. >> i think it was the tough mudder. we'll have all of this coming up. >> this fall. crazy. >> they electrocute you as you crawl under these things. >> as we go to a break, winners and losers. i joined the army in july of '98. i did active duty 11 years. and two in the reserves. our 18 yeaold was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. it actually helpedo know that somebody else cared and wanted make sure at i was okay. that was really great. we're the rivera family, and we will be with usaa for life. we're the usaa.a family, we know what it means to serve. call today to talk about your insurance needs. various: (shouting) heigh! ho! ( ♪ ) it's off to work go! woman: on the gulf coast, new exxonmobil projects are expected to cre

you're watching "squawk box" here on cnbc.becky quick and andrew ross sorkin. futures are in the green for st. patrick's day but just barely. treasury yields moderated interestingly after the fed hike. they're now at 2.51. we were at 2.6 a week or so ago. >>> among the top stories this morning, in washington president trump will meet with german chancellor angela merkel. the two will hold a bilateral news conference in the afternoon. there is a lot on the agenda, including trade, the economy, russia, and the future of nato. a few things to get accomplished before that press conference this afternoon. >>> the fed is easing merger rules for smaller banks. bank combinations that have less than $100 billion in assets will not have to undergo rigorous scrutiny. previously that threshold was $25 billion. >>> and there are two economic reports on the agenda today. february industrial production is out at 9:15 a.m. eastern time. then at 10:00 a.m., you can look for a preliminary read on march consumer sentiment. >>> okay. stocks to wa

very warm welcome to "worldwide exchange" on cnbc.'m wilfred frost. >> i'm susan li in for sara eisen. >> let's get to the global market picture, coming off a day where the dow ended ets eigits day losing streak. t it was financials bouncing back and leading the charge to the upside that allowed that recovery. today we are flat in the premarket. a bit of red for the dow and s&p. the nasdaq in the green. yields recovered from the lows, back above the 2.4% level. sitting at 2.409 today. yesterday we were up around 2.2.4 2.42%. so slipped a bit over night. the tight correlation between what the ten-year yield is doing and what bank stocks are doing has been extraordinary to see. as yields moved higher yesterday, as did banks, that dragged the rest of the market with it. >> let's check on asian equities this year. asian trading off the end of the dow losing streak. minimal gains across the board. saw japan up 0.1%. the hang seng advancing, shanghai lower by 0.3%. asia, we finished the session intact given that we're expecting the article

john hawksworth, pwc's chief economist tells cnbc that's because the u.s. is dominated by services jobs, many of which could be automatible. in financial services, he says many bank jobs that tellers do could be moved online. pwc also notes that new technologies like ai and robotics will create new jobs in the digital economy. there's one group of people betting that mnuchin is wrong in his forecast. venture capitalists. peter abare of lux capital said his firm donated $125 million over the last four years to start-ups targeting robotics and autonomous systems. abare is putting money to work because he says this will be one of the most significant transformative trends for the modern american labor force. josh lipton, cnbc business news, san francisco. >>> arjen joins us in the studios to talk about tech. there are two stories here. one is the job losses because of ai and the other is neuralink. in terms of the job losses to ai, according to ba research, only 13% of manufacturing losses are due to trade. mnuchin's comments are shocking. >> absolutely. they

here is your cnbc news update at this hour.and yard releasing the photo of the london attacker, khalid masood, who killed four people and wounded 50 others at the uk parliament before being shot dead by police. london's counterterror chief says his birth name was adrian russell and he had been radicalized through the years. >>> and amtrak train derailed at new york city's penn station during morning rush hour, suspending service. the train sideswiped a new jersey transit train coming into the station. amtrak telling cnbc all 248 passengers were taken off the train and on to the platform safely. >>> ousted egyptian president hosni mubarak is back home, free following his release from custody after legal proceedings that took years to complete. he left a cairo hospital this morning, under very heavy security. >>> and a wisconsin high schooler is being hailed as a hero, after he saved a choking classmate. ian brown gave his friend the heimlich maneuver and was able to dislodge the food from his throat. brown crediting his quick th

cnbc.e are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. yesterday a big day of gains for the markets. dow up by 150 points. this morning you are seeing giveback in the early hours. futures indicated down by 20 points. nasdaq is up by a half point. look at what happened overnight in asia. the nikkei ended flat, the hang seng was up by 0.2%. shanghai was down by a third of a percentage point. in europe, some of the early trading, you're already going to see that things are fixed there as well. the dax is higher as well as the cac. ftse relatively flat. the ten-year note. yesterday the yield was settled in, back above 2.4%. this morning still sitting at 2.416. if you check out crude oil prices, which were slightly higher yesterday, this morning wti is up 28 cents to 4.65. >>> couple big stories to watch this morning. british prime minister theresa may triggering a brexit. signing a letter

you're watching "worldwide exchange" on cnbc. whether it's connecting one of the world's most innovative campuses. or bringing wifi to 65,000 fans. businesses count on communication, and communication counts on centurylink. the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. bp gives its offshore teams 24/7 support from onshore experts, so we have extra sets of eyes on our wells every day. because safety is never being satisfied. and always working to be better. >>> welcome back to world wild exchange. the dow up. shy of 1%. last week it was up about a half a percent. both on thursday and friday we saw massive gains for snap, up 41% on day one and 11% on friday. good performance from that. will it spur more ipos. of course, they'll be looking at that. let's have look at european markets. one bank is in focus. deutsche bank is down 6%

also a cnbc contributor.u've been steadfastly bullish, even though macrocenrr not your thing. i don't know if you looked askance, you're going with it. >> there are. earnings are getting progressively stronger as the year goes on. the only thing that will derail the market is if we don't get corporate tax reform through. we are anticipating and analysts estimating it on earnings. >> you're not waking up every morning thinking it's going to be the start of a 10% correction. that's what you're thinking. >> not march and april. march and april are the two seasonally strong months. a lot-of-pension closing. it's unlikely to happen. this week we tread water because we're waiting for retail sales and payroll and things like that. >> karen, you have been steadfastly bullish as well. trying to find people like this, they are not easy to find. as far as why, karen, that might be a little bit different, you think this was bound to happen anyway and growth already picking up around the world and companies already doing

you are watching "squawk box" right here on cnbc.happening before our eyes. sixty to seventy million people are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. various: (shouting) heigh! ho! ( ♪ ) it's off to work we go! woman: on the gulf coast, new exxonmobil projects are expected to create over 45,000 jobs. and each job created by the energy industry supports two others in the

welcome back to "squawk box" on cnbc.t site in times square with bacon. among stories front and center disney's "beauty and the beast" smashing box office records. the movie debuted with $170 million in north american ticket sales. that is the biggest ever opening for the month of march. retailer target opening up 43,000 foot small format store in new york's harold square. it does have stores in harlem and tribeca. the new store is scheduled to open in october. the world's largest coal company set to emernge after various claims gold mining subsidiary. joining us to talk about the market, portfolio manager forral pine finds, david blitzer, dow jones, and our guest host is rich bernstein, ceo of richard bernstein advisers, also cnbc contributor. welcome, folks. let's talk about what we've seen in the markets. probably more uncertainty in the last several weeks about what's happening with aggressive plans, policy plans put forth. sarah, how does that impact the market or does it from your perspective? >> i think it definite

cnbc obtained a copy of the proposal, and now we're in a first cnbc interview with wilbur ross. mr.ome. >> good to be on, kelly. we looked at the letter addressing a number of changes to b made to nafta. is this the final proposal for the administration? >> what apparently you have is a leaked draft of a letter we've sent to the staff of the house ways and means committee, and the senate finance committee. the permission of those two committees to send the formal letter, which is what triggers the 90-day period, and we're hopeful that that will happen before the spring recess. >> today speaking at the white house sean spicer called it not an accurate assessment where we are today. is that the case? before we go through what's in here, this reflects thinking on changes to nafta, right? >> there's no change in the thinking. this letter simply describes in very broad outline the topics we'll discuss, so i dent think there's any great reasons for you to overthink it. >> understood. just so everybody's aware, this talks about trades and goods, trades in services, but one of the important

a warm welcome to "worldwide exchange" on cnbc. wilfred frost. >> i'm contessa brewer in for sara eisen today. it's new music friday. kicking off the weekend with the latest from g easy called good life. >> we will now get to the global market action. we are ready to tell you about this. let's have a look at what the futures are doing this hour, they are called higher for the most part. the dow open by 33 points. the s&p in positive territory. the nasdaq slightly lower. story of the week is more interesting than the story of the morning. down about 1.3% for the week. give than we haven't had that healthcare bill passed yet, we should probably frame those declines as resilience as opposed to bearishness. things could have been worse, particularly given the size of the declines we saw earlier, what we have seen in the second half of the week is a step back from the bearishness. the vote which is due to take place today, will be the key factor to watch. it could make markets end more meaningfully positive or pulling back significantly

warm welcome to "worldwide exchange" on cnbc.'m wilfred frost. >> i'm contessa brewer there in for sara today. >> syou're wearing the appropriate color. >> i thought i would jump right nfrmt. > in. >> let's see what happened yesterday. down day for all of the indices. 10 out of 11 sectors were down. financials down 2.89%, within that banks down more sharply, the best part of 5%. very sharp moves to the down side yesterday for banks in particular. there was one positive sector, utilities, it wasn't just positive it was significantly positive up 1.4%. that was the only sector higher. some significant profit taking across the board yesterday. there is the s&p financial sector suffering the biggest daily decline since the brexit fallout day, down 2.9%. ten-year treasury note has a lot to do with this. yields slipped significantly yesterday. now down 2.4%. a couple weeks ago near 2.6%. we had seen a flattening of the yield curve over the prior two weeks, the moves this week have been across the board. yield s now at 2.40. >> we have m

cnbc speaks to ben van beurden at 19:10. >>> and altice shares move higher boosted by u.s. growth. we'll be speaking with ceo michael combes at 10:30 cet. >>> good morning. it is ecb day, the day before the jobs number in the u.s. >> excitement and on the back of the super strong adp employment figure we had yesterday. >> blew it out of the water. the fed hike next week is baked in the cake. >> it would take a lot for them not to hike. >> the jobs report tomorrow is about how many more hikes will we get in 2017. that's the key focal point. then we have some interesting news, akzo nobel shares soaring after rejecting a bid from ppg industries. they say they received an unsolicited proposal which undervalues the company. akzo nobel says it is reviewing strategic options to separate its specialty chemicals business. it will consider alternative ownership structures. >>> shell is divesting its oil sands investments for 7$7.5 billion in a complex set of deals the oil major will sell a portion of its investment to canadian natural, while also teaming up to buy marathon oil canada for 1$1

you're watching cnbc first in business worldwide.ll a big order or expand your office and take on whatever comes next. find out how american express cards and services can help prepare you for growth at open.com. find out how american express cards and services he's a nascar champion who's she's a world-class swimmer who's stared down the best in her sport. but for both of them, the most challenging opponent was... pe blood clots in my lung. it was really scary. a dvt in my leg. i had to learn all i could to help protect myself. my doctor and i choose xarelto® xarelto®... to help keep me protected. xarelto® is a latest-generation blood thinner... ...that's proven to treat and reduce the risk of dvt and pe blood clots from happening again. in clinical studies, almost 98% of patients on xarelto® did not experience another dvt or pe. here's how xarelto works. xarelto® works differently. warfarin interferes with at least six blood-clotting factors. xarelto® is selective... ...targeting just one critical factor, interacting with less of y

on the cnbc agenda, don't miss an interview with patrick harker.s steve leasen voting member interview. >>> among this morning's top stories, g-20 finance ministers, change coming amid pressure from the trump administration. steven mnuchin did not support the free standing trade. >> we do have a new administration and we do have a different view on trade but i want to emphasize that view is making sure that trade works for the american workers and for our counterparties, that it's a good deal for both. >> while they argued about trade, they back their long standing warnings against disorderly foreign exchange markets. >>> meanwhile, christine leguard says global strength is gaining strength but warns the wrong moves -- and leguard did say global corporation is crucial to achieving future growth. >>> g 20 is a group of the biggest nations of the world that get together to make the these sort of blanket agreements and while maybe it's not considered the biggest deal for the markets, it's a symbolic statement. the fact they removed pledges for antipro

welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> i'm wilfred frost.ery good morning to you have me as well. let's get straight to the global market action. yesterday we saw the third straight day of declines for the dow. >> just barely. >> exactly right. you completed my sentence before i could. down just a fraction. >> nasdaq closed positive, right? >> nasdaq slightly positive for its fourth positive day in a row, albeit similarly four p slight positive days. 7 out of 1 1 sectors were negative. the most notable decliner was financials. the bank stocks down over 1%. a poor day for them. a large part of that was what was happening in the yield curve. ten-year treasury note. the yield curve slipped across the board. it wasn't that it just flattened. the ten-year note hit a low of 2.46. at 2.48 at the moment. that was a low not seen since about the last three, four weeks. >>> japan, remember, was closed on monday. it did open tuesday. declining about 0.3%. hong kong and shanghai remain strong. the hong kong stock market, the hang seng is actually at the

you're watching "worldwide exchange" on cnbc. you can't predict the market.d times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. invest with confidence. >>> good morning. cloegz the ba closing the books on the quarter. the nasdaq leading the way. >>> and the trump administration's trillion dollar plan on rebuilding america. a live report from washington coming up. >>> and the top trending stories including a color being pulled from the crayon box. it's friday, march 31, 2017, you're watching "worldwide exchange" on cnbc. ♪ >>> good morning. welcome back to "worldwide exchange" on a friday on cnbc. i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. we're starting off your friday with the latest song from the bleachers and lorde. it's called "don't take the money." >> new music friday. >>> let's get to the market action. hopefully i can deliver this information correctly. we had about a third of a percent of gains yesterday, taking us into territo

you're watching walk squawk on cnbc.and the security just like the marines did. the process through usaa is so effortless, that you feel like you're a part of the family. i love that i can pass the membership to my children. we're the williams family, and we're usaa members for life. e*trade's powerful trading tools, give you access to in-depth analysis, and a team of experienced traders ready to help if you need it. it's like having the power of a trading floor, wherever you are. it's your trade. e*trade >>> look at that. >> i know mack is one of the two. who's the other one? snow angels in times square this morning. >> calling them squawk angels. >> stella, the snowstorm, takes over times square. >> people from places where it really snows, you can waribarel make a snow angel. >> wait, what are they writing? >> that's a dusting. maybe it'll still happen. >> and you are laying on the ground in times square. ew. good morning, everybody. welcome back to "squawk box." oil prices are under pressure once again this morning.

you're watching "squawk box" on cnbc.with people everywhere on sea, on land, and in the air. inspecting towers way up high avoiding turbulence in the sky. personalizing eatments with dna and recommending who should play. dress that thinks, whiccrops to grow, tax prep to help ep payments low. you can find me on an oil rig, i answer questions small and big. hello, my name is watson. i answer questions small and big. ♪ ♪ wanna get away? now you can with southwest fares as low as 59 dollars one-way. yes to low fares with nothing to hide. that's transfarency. . >>> time for the executive edge. the financial sector was under some heavy pressure yesterday. driving the broader markets lower. wilfred frost has more on the reasons behind the decline. i didn't have a bounce in your step today, did yoyou, because e market finally sold off under trump? you were more excitable today? do you have a smile on your face? >> i do only sense i heard the tones of mr. joe kernen, but for no other reason. as you will see, if i get to the reason

you're watching cnbc first in business worldwide.h e*trade's powerful trading tools, right at your fingertips, you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the power of a trading floor, wherever you are. it's your trade. ♪ ♪ e*trade. ♪ ♪ start trading today at etrade.com ♪ ♪ i'm ricardo, a sales and service consultant here at the xfinity store in bellevue, washington. here at the store, we offer internet, tv, phone, customer service, home security. every situation is a little different. it could be about billing, simple questions like changing the phone number. sometimes, they want to upgrade, downgrade, but at the end of the day, you want to take care of the customer. one of the great things about comcast, there's always room to move up. of course, it depends on you, how hard you work. ♪ >>> welcome back to the "closing bell." they're down 41 points. a little bit more than that. s&p and naas dk. energy the worst performer. also worth poin

you're watching cnbc first in business worldwide. .seventy million people are moving to cities every year. at pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. with e*trade you see things your way. ♪ ♪ you have access to the right information at the right moment. ♪ ♪ and when you filter out the noise, it's easy to turn your vision into action. ♪ ♪ it's your trade. e*trade. start trading today at etrade.com >>> welcome back to the closing bell. as we stand we are looking at slight declines to end off this week but essentially the markets are flat today. let's dive into the bigger movement. mcdonald's up despite the controversial tweet. bottom of the dow is goldman sachs suffering today. if we broaden out to the week as a whole, the kbw bank index sharper. suffered as the worst performing sector for the week as

jackie deangeles, cnbc business news in houston. >> cnbc will speak to industry leaders, including the saudi oil minister, the bpc ceo. >> let's look at oil prices. brent crude up 0.09. we are joined by robert crepeford. good morning to you. let's talk about the oil markets. we have two offsetting factors. on the one hand, the opec production cuts. on the other hand, rising production in u.s. shale. which of these two factors will be the biggest driver for oil going forward? . it's difficult for opec. they're heading into the may 25th meeting, they will be looking at themselves handing shares to the u.s. it will be difficult. some of those earlier comments suggested or highlighted that we are seeing increasing efficiency coming out of the u.s. we're not seeing that cost inflation that many expected that could weigh on u.s. production. >> we had comments overnight from the russians and iraqis talking about whether this agreement might be extended. they say it is too early to say. it is set to expire at the end of may. do you think there's enough to extend it? secondly, will it make a di

look for income on spending and a auto sales. >> cnbc. thank you. >>> warm windy and going to turn stormy. 56 degrees. wind is blowing and producing fog in parts of the area. look at cape may. storms on the way for this morning, and, again, this afternoon. i'll get your neighborhood forecast with details. first jessica boyington with your first alert traffic. >> thanks, bill. watching some of the fog on the garden state parkway. watching near the cape may toll plaza. problems reported on the roads. keep eye on reduced visibility. i'll be back at 5:30. >>> 5:27. growing concerns. president trump addresses spike in anti-semitic accidences. >>> honoring fallen navy seal. emotional moment during last night presidential address. prodders, shuckersers, and sniffers, [ inhales ] all giant produce is triple checked. farm, crate, and store. we're focusing on fresh... ...so you don't have to guess. my giant.

on cnbc. i'm sara eisen.n the middle of a big fight here. >> continued from a break and the focus on this united airlines story. >> we've got a pretty big selloff to talk about. >> got us back to serious, thanks very much, sara. let's have a look at the markets. pointing significantly almost 100 points for the dow, just a moment ago down. s&p down 13. nasdaq down 26 points. somewhat of a surprise given the fact that friday afternoon we didn't really react to the downside on the back of the trump health care vote being pulled from congress. markets ending slightly lower. down from the week, down 1.5%. nasdaq down 1.2%. financials lagging in the market significantly. they had their worst week in 14 months down 4s. goldman sachs 1.6%. one reason we're seeing negative reaction is around the world. with the yen almost up. and in that case, 1.4. and european trade, significant weakness, down the best part. we've improved a little bit in europe over the last hour, but still lower. also, this comes in light of a stro

a lot of squawk viewers and cnbc viewers know it as the haines bottom after hark haines said on cnbc on march 10th that he thinks the market hit its low. look where we have come from then. 666 back to 2300 and change. look at the u.s. equity futures. the dow futures are indicated down by 14 points. markets have been down. the dow and s&p have at least for the last three trading sessions. that hasn't happened since the end of january. s&p 500 has indicated down by 1 point. the nasdaq by 2 1/2. in asia overnight, nikkei ended up by a third of a percentage point. the hang seng and shanghai were down with the hang seng down by 1.2%. in europe, some of the early trading, there are red a arrows. >> a couple big stories we're watching this morning. in the last hour, crude prices swinging from modest gains to extend yesterday's losses. wti plummeted more than 5% in yesterday's session, hit by a record build up in u.s. inventories. and shell divesting most of its canadian oil sand assets. the oil major will sell a portion of its investments in fields to canadian natural. shell is also teaming

gm is a member of the cnbc iq100. that index is up 32% in the last year.ore on the cnbc iq 100 go to cnbc.com/iq100. new bikes aren't selling guys... what are we gonna do? how about we pump more into promotions? ♪ nah. what else? what if we hire more sales reps? ♪ nah. what else? what if we digitize the whole supply chain? so people can customize their bike before they buy it. that worked better than expected. i'll dial it back. yeah, dial it back. just a little. live business, powered by sap. when you run live, you run simple. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your fure. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. >>> it is time for unusual activity. for that we go to chicago, john najarian from chicago. double dose, too, doc, what have you got? >> one of jim's favorite ceos. they came in and bought the may 90 calls and sold the 7

he said that guy on cnbc -- >> turrets guy.he audience laughs. >> he called him -- >> he said he always says there is a bull market somewhere. >> that's great. when we come back, producing energy in america. we will get an update on the trump administration's movement in the sector. right now, as we go to break, a look a the winat the winners an losers. safety isn't a list of boxes to check. it's taking the best technologies out there and adapting them to work for you. the ultrasound that can see inside patients, can also detect early signs of corrosion at our refineries. high-tech military cameras that see through walls, can inspect our pipelines to prevent leaks. remote-controlled aircraft, can help us identify potential problems and stop them in their tracks. at bp, safety is never being satisfied. and always working to be better. we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that a

time for a cnbc news update. over to sue herera. >> hi, kelly.ng this hour, everyone. the trump administration is reportedly considering separating women and children crossing together illegally into the u.s. that's a new proposal being considered by the department of homeland security. according to government officials. this is partly to discourage mothers from migrating with their children. >>> former haitian president rene pureval has died, the only democratically elect the president in the country's history to win, serve a full term and peacefully hand over power to a successor. he was 74 years old. >>> a soy nut butter is being recalled after linked to an e. coli outbreak. the product believed to be the source of the outbreak is called i am healthy brands soy nut butter. a dozen people, mostly children, have been affected so far and six people have been hospitalized. >>> a campaign in france gaining some steam urging former u.s. president barack obama to join the french presidential race. an on-line petition already has 45,000 signatures. wi

welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> i'm wilfred frost.ood morning to you from me as well. it's throw back thursday. we're kicking off the show with a little r. kelly. what's the theme? >> throwing it back with a great song. >> my favorite one of his, to go to my typical soft music stance "i believe i can fly." >> of course it is. the cheesiest song created. >> i like it. i will listen to it later. >> maybe we can get it on the show. >> the dow believes it can fly. >> the dow believes it can fly. i guess you were impressed by yesterday's rally. >> i was annoyed by it. i knew i would have to admit to you this morning that i was wrong the last couple of days. >> specialtive superlatives are today. best start for the month of march, an unbelievable rally that sent the dow higher by 300 points. the dow is under a bit of pressure now, down 11 points. s&p down 5, nasdaq down 10. a lot to watch today, including that outperformance of the financials. let's look at that one-week chart. stocks really took off yesterday. you can credit president trum

welcome to cnbc. very glad you're with us for the next hour. the finance minister of south africa, pravin gordhan has been sacked in the capital reshuffle. mr. gordhan will be replaced by malusi gigaba, according to a statement issued late on thursday by the president's office. we are just glancing at some of these stocks exposed to south africa. you are seeing the trading down heavily here in the trade, off somewhere in the region of 4% to 8% when it comes to old mutual. investec off by 6%, and steinhoff off by 4%. you are also looking at the south african rand hitting a seven-week low as well on the back of this news that this cabinet reshuffle had taken place. quite unexpected by the vast, vast, vast majority of analysts out there. hence why we are seeing this big surprising move in some of these stocks and some of these assets exposed to south africa. just glancing, also, at what's been taking place in europe, broader european equity markets, trading lower across the board except smaller markets like denmark and portugal. by in large led lo

cnbc has been looking closer at this deal and joins us this morning. good morning, gemma. >> good morning, louisa. >> both shares popping there. they have been in talks for some time and now it's happening. >> that's right. they are popping the shares but they have come off a little. standard life went up 9%, aberdeen up 7% but still in the context of a market falling across the continent they are doing well. depends who you listen to to the talks. some say they have been talking serve years on and off. some heated up last august. we had to call now with two men co-ceos with the existing ceos and they said it was really early january talks heated up. they are saying the pressure towards consolidation in the asset management industry are moving in one clear direction. >> we think synergies here makes sense. seemingly thinking that this morning. >> they are both revenue synergies and kostitscost synei stripping out cost where appropriate an other geographical locations where there may be overlap. on the revenue side there's increase opportunity for distr

that's the cnbc news update this hour.'ll send it back to you guys. >> we'll get some snow here friday. maybe i'll try those out. >> there you go. >>> nonbank lenders taking over the housing market and taking on riskier loans. diana olick is standing by. hi, di. >> hi, ty. it's perfect timing for this conference of mortgage lenders and leaders, given we're seeing mortgage rates rising today, deregulation in the trump administration and a huge rise in nonbank lending. who better to talk about that than this gentleman? as ceo of caliber home loans, you've seen loan growth up 200% in the last two years. to what do you attribute that? >> i would attribute it to sticking to the basics. we have a very focused distributor sales force. we have spent an enormous amount of effort building a machine that effectively helps people buy a home. 65% of what we lent last year was purchased. >> you're not so much into the refi market. not only are you doing that, you're moving out to riskier loans, outside the credit box, loans you cannot s

you're watching "worldwide exchange" on cnbc. ♪ >> good morning.to "worldwide exchange." i'm sara eisen. >> i'm wilfred frost. very good morning to you from me as well. st. patrick's day tomorrow, of course throwback thursday today. in honor we're throwing it back with some music from irish artists. i don't know who that was. >> we're learning about what -- >> someone tell me who this is. i'm enjoying it. bewitched. do you know bewitched? >> been a long time. >> a long time. >> i think this is their only song. >> let's check in on the global markets. a day after we saw a powerful rally fueled by the fed yesterday, the dow closing higher by 100 points. the nasdaq 100 closing at a fresh all-time high. energy had the best day in terms of the energy stocks in months. dow futures are continuing to party and celebrate the dovish fed hike we got yesterday. they're up about 64 points. s&p futures are up 5. nasdaq is up 18. it's spread around the world. we have seen that in asia overnight. the good feelings from the fed with the hong kong index popping 2%.

according to cnbc sources, the ipo was 12 times oversubscribed. we said 10 to 12 times, but 12 times vestors snapped up shares, concerns are over growth and the app's daily users. year over year growth declined from 65% in the june 2014 to december. >> one big winner is morgan stanley, the lead underwriter in the public debut. this bank is set to bring in almost $26 million in fees according to the "wall street journal." goldman sachs could make as much as $21 million. julia has the story on snap's public debut. >> reporter: it was a big day for snap inc., the stock soaring out of the gate, this after the company priced shares at $17, above the range the company projected last month of $14 to $16. the opening price of $24 puts the market cap at about $34 billion, about the size of marriott and target and about three times the size of twitter. analysts weighing in today are concerned about the company's valuation. raising concerns about facebook copying its features. nomura recommends investors reduce their ownership of shares with a $16 price targ

the bank telling cnbc we don't believe it is an accurate portrayal of who we are. we will use this as an opportunity to reflect and ask ourselves across the organization how we can do better, end quote, bill, before people start drawing parallels over at wells fargo. t.d. shares down 5%. >>> thanks, kelly. coming up to the last you half hour trading over the dow. we get to spend some time here with mr. cashin from ubs. we've been wondering what the next catalyst would be for this market as it kind of meanders. it's pretty clear oil is having an impact. >> oil. the thing is they're picking different spots. earlier today it was the 49 level. when it dipped below 49 you would see bids and equities disappear. when it went above 49 they got reinstated. now they've marked that target do you know to 48.40. so above 48.40 where we are right now there's a little bit of bid under stocks. before that next week is going to be very, very busy. we not only have the fed. >> right. >> we've got the dutch election which is on the same day as the fed. then the next day we have the s

eastern time right here on cnbc. looking forward to that. meantime, 40 minutes left in the trading section. the dow is down 10 points right now. >> two heavy weights in the energy industry discuss how high oil prices could go. opec secretary general and chevron ceo join us. >>> up next, snap takes another leg lower on wall street. we'll tell you why. there's specific reena parentally coming up. with e*trade's powerful trading tools, right at your fingertips, you have access to in-depth analysis, level 2 data, and a team of experienced traders ready to help you if you need it. ♪ ♪ it's like having the power of a trading floor, wherever you are. it's your trade. ♪ ♪ e*trade. ♪ ♪ start trading today at etrade.com >>> welcome back. check in with the movers on wall street. dish is rising on news out late yesterday that the satellite tv provider's stock is being added to the s&p 500 index effective monday. it is replacing linear technology, which is being bought by chip maker analog devices. meanwhile, snap is trading lower for a second consecutiv

"trading nation" on cnbc. more "squawk on the street" coming up.ormance sales event is here. experience exceptional offers on our most refined models ever. get up to $2,500 customer cash on select 2017 models for these terms. experience amazing at your lexus dealer. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> welcome back. back in 2013, it was august actually right here at the nyse and my next guest david berman of burman capital introduced samsung, apple and it meant a lot of weakness coming in retail as people used amazon for so many of the purchases and used the wireless devices to not just buy things, but also create community that perhaps they might have once been able to get by going to the mall. david berman joins me now. it was a great call. we have said it many times of course. i don't know if you benefited from it. but we have seen since then weakness across the board more or less in retail, david. so the question is

you're watching cnbc, first in business worldwide. siness world. >>> stocks generally are a little bit lower right now. the s&p is up a half a point at the moment, but the financials are off session highs after white house press secretary sean spicer said that the trump administration is committed to restoring the glass stiegel act which essentially prohibits commercial banks from engaging in investor banking. >> is there any plans for the president to meet with senator sanders and his repeal of glass stiegel on his agenda? >> there's no current schedule to meet with him. i'm sure that as he has done with several other members of congress from both sides of the aisle that will be committed. >> still committed to restoring glass stiegel? >> yes. >> president trump did meet with some ceos of community banks earlier today. here's what he had to say about their importance for small business in this country. >> community banks play a vital role in helping create jobs by providing approximately half of all loans to small businesses, and tha

welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square.'m becky quick with joe kernen. andrew ross sorkin will join us at the top of the 7:00 hour with commerce secretary wilburio ros. joining us on set is jason. are you watching all these records we've been setting? >> you're darn right. it's terrific. let the good times roll. >> there you go. >> you have been. you've been long. >> we've been long. >> good. that's why you're here. can't find anyone. we have one guy left. simeon. >> is he bullish? >> he will be on. already talked to him. one of the things he's saying is even if -- if there is a stumble in some of this stuff, market already deserves to be here, which is what i think. >> i think so, too. >> in terms of tax policy or -- >> that stuff is a bonus. just not having the private sector vilified on a daily basis, not adding a new regulation, layering on a new regulation every day. when you take that off, it's going to come back to a more normal level. >> i'm with you. i think -- >> i know you are. >> the multiples are getting a litt

you're watching walk squawk on cnbc.ation shift in human history is happening before our eyes. sixty to seventy million people are moving to cities every year. at pgim we help investors see the implicatio of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. partner with pgim the global investment management businesses of prudential. adios, honey, hasta la vista, baby. (sing-songy) i'm a fat guy in a little coat. fat guy in a little coat. that rug really tied the room together. any questions? bueller? bueller? stream all your enrtainment. introducing at&t's new unlimited data plans. plus, get the amazing new iphone 7 on us. >>> still to come, one of former president clinton's top russia advisers joins us to talk about the trump campaign and possible ties to moscow. he's also an obama adviser. then he got an ambassadorship to sweden. and he's mika brzezinski's brother. stay tuned. "squawk box" will be right back. the

welcome back to "squawk box" here on cnbc.market site in times square. among the stories that are front and center this morning, two economic reports on today's calendar. about an hour from now, we'll be getting the labor department's weekly look at initial jobless claims. at 10:00 eastern time, the government is out with february new home sales. >>> about 17,000 at&t workers are on strike. they say the company is illegally giving work assignments to low you aer sala workers that should be performed by more experienced technicians. at&t says it continues to talk with the union to try and resolve its grievances. >>> fed chair janet yellen will be speaking at a washington, d.c., conference a little over an hour from now. that speech is not expected to focus on monetary policy, but we will be monitoring her comments and bringing them to you as soon as they're out. >>> u.s. house members getting ready to vote on the gop's obamacare replacement today, but some republicans are still on the fence. joining us now, freedom caucus membe

cnbc's steve sedgwick has the answer.hat's coming up next. per roll more "doing chores for dad" per roll more "earning something you love" per roll bounty is more absorbent, so the roll can last 50% longer than the leading ordinary brand. so you get more "life" per roll. bounty, the quicker picker upper fortified.tored. replenished. emerge everyday with emergen-c packed with b vitamins, antioxidants, electrolytes plus more vitamin c than 10 oranges. why not feel this good everyday? emerge and see. with not food, become food? thankfully at panera, 100% of our food is 100% clean. no artificial preservatives, sweeteners, flavors, or colors. panera. food as it should be. only tylenol® rapid release gels have laser drilled holes. they release medicine fast, for fast pain relief. tylenol® you need to eat this special. ♪ ♪ i love it start your day with crunchy whole-grain flakes... and real strawberries. special k. eat special. feel special. >>> fast forwarding in the third day, president trump will talk about military spending