it's a first on on cnbc. back to you. >> annette, thank you very much. >>> in other earnings news, dialog semiconductor warned of a seasonal sales dip in the second quarter. the chipmaker said it expects sales to drop before recovering later in the year when new smartphones hit the market. the forecast came as dialog reported a better than expected jump in operating profit growth in the first quarter. shares off by 1.5%. just recently we saw that big note coming out saying apple will cut its reliance on the likes of dialog. >>> munnich re reaffirmed its outlook and swung to a profit of 91 million euros compared to last year's loss. the german cfo sounded a positive tone saying pressures on reinsurance prices had eased. >> we achieved one quarter of our prognosis for the full-year. so we're on track. >> so it's going to be another net profit decline for 2017? the fifth in a row? >> yes, that is probable. our prognosis is 2 billion to 2.4 billion euros this would be a good outcome. >>> e.on suffered a near 50%

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you're watching "worldwide exchange" on cnbc.hese birds once affected by oil are heading back home. thanks to dawn, rescue workers only trust dawn, because it's tough on grease yet gentle. i am home, i am home, i am home >>> welcome back to "worldwide exchange." if you're waking up, let's get you up to speed on the market action. chinese market flat lined. the hang seng up about 1.27%. slight losses in japan. south korea is closed today for an election. in europe, strong jeegerman exp data. france with a modest rally two days after the elections over there. >> v-day celebrations are underway in russia. today marks the 72nd anniversary of the defeat of nazi germany in 1945. dozens of russian cities are staging military parties to honor the event. for the first time russia rolled out president putin's youth army for its parade in red square. >>> now to france. emanuel macron will be sworn in as the country's next president this sunday after winning the bid to lead the country. the political outsider faces a new battle, gaining cont

you're watching "worldwide exchange" here on cnbc.hanks for loading, sweetie. ...oh, burnt-on gravy? ...gotta rinse that. nope. no way. nada. really? dish issues? throw it all in. new cascade platinum powers through... even burnt-on gravy. nice. cascade. if you want to stay on top of your health, one simple thing to do -- is take the pledge to go and get screened for the cancers that might affect you. so stand up to cancer and take the pledge at getscreenednow.org it only takes a minute to take care of yourself, and nothing rhymes with "org"... >>> let's get back out to washington, d.c. a busy weekend and the big headlines in the nation's capital. nbc's tracie potts joins us with the latest this morning. tracie. >> hi, susan. a lot of things congress plans to deal with this week, taxes, north korea, and a budget deal that we just got a deal on a few hours ago. the budget deal adding money for defense, coal miner health care and border security. they promise to weigh its equities. this as the white house defends president trump's tax p

>> my wife has seen both the cnbc offering and the hbo offering. she liked the cnbc better.better job, maybe. because it started out on our special where, you know, the market's down and people are coming in trying to get redemptions. he's like, why, you don't need redemptions, i always come through, something like that. but that's how it started. he was always able to keep it going as long as people weren't taking the money out to do the financial crisis. that's when a ponzi scheme breaks down, right? like, what, you want your money back? look at the statement. i couldn't get past de niro. it's like, you're still de niro, you're not madoff. >> splun you that know too well. >> like the parent in "meet the fockers" it's not working for them. michelle pfeiffer was good, though. >> joe, we look forward to "squawk box" -- >> really? >> yes, joe, i always look forward to it. that is a sincere comment. we also bring you live comments from tell alev aviv. we'll have that after the short break. cisco digital network architecture. allowing scalability and providing fast, comprehensiv

gene munster joins us on the cnbc news line.he share price, it was such a strong run up over the past year and few weeks into the results. is that what this reaction is all about? >> i think it's more about their comments about ad load. if you think about facebook's revenue, it's a combination of the number of ads they sell and the prices they get paid per ad. what they said was they'll be tapping or declining the number of ads, that's good for user experience, good for engagement, an important metric for facebook, but makes it more difficult to have the kind of upside. so when you put all of that together, you go from a business that's growing 50% top line last quarter to 30% in the december quarter, and probably 25% next year. that's why you see this negative reaction. >> terms of this battle between facebook and snapchat or more specifically instagram, owned by facebook and snapchat, what are the latest in terms of what we're seeing there? is instagram really taking some of snapchat's pie? >> they are. i'm sure snapchat's res

cnbc's annual disruptor list.ny that's basically reinvented the frinrefrigerator using a process called thermoelectric cooling, compact energy efficient refrigerator, they are announcing a partnership with thermofisher, an appliance giant for medical refrigerator. and they also have a deal to provide coolers for a major soft drink company. i'm all over the place here, because i don't want you to miss any of it because i think it's so, so exciting. let's check in with tony, the chairman and ceo of phononic. i'm excited about having you back on because i think yours is break through, and mark caster, does not just endorse anyone. tell me about this. >> direct sales and partnership are key to our market penetration strategy and over the last year, we have shipped,and of our refrigerators to hospitals, even wine preservation, we have a million devices in the hands of fiber optic and data com members. here you have a partner who's made a significant commitment to sustainability, with a combination of performance featur

welcome to "worldwide exchange" on cnbc.hout out to president trump with this, i guess. >> i'm wilfred frost, good morning to you from me as well. >>> final trading day of may. did break that seven-day winning streak yesterday for stocks. still stocks are up for the month of may. the nasdaq is the clear winner up almost 2.5%. the s&p is up a little more than a percent. and the dow is up less than a percent. this is all monthly figures i'm giving you on this final trading session of the month. dow futures down 6 points in early action. s s&p and nasdaq up. >> tech is up 4.5% for the month as a whole. >> tech as a defensive, tech, consumer staples and utilities are best groups. 7 out of 11 sectors are higher for the month. br broad-based rally. >> the british pound, sterling taking a hit after the release of the late ef yst poll which s theresa may could lose the majority after next week's election. sterling down to 1.2785. yougov is not calling this a pot but a projection. they are staking a lot on the data, saying this is a

a warm welcome to "worldwide exchange" here on cnbc.'m wilfred frost. >> i'm seema mody in for sara eisen today. it is new music friday. we're listening to selena gomez, her new song "bad liar." this one i have not heard. >> i would love to claim i have, but i'm in the same boat as you. the global market picture. we did get a bounce back following that sharp decline on wednesday. we saw a bounce back yesterday. you would have to say it was a relatively tepid bounce back, but it stopped the rot, that severe rot we saw on wrenednesd. yesterday the nasdaq led the bounce back. the dow up 0.3%. the s&p up by half a percent. it was a bit up and down, and we did close towards the highs of the day and that rally did come towards the end of the day as well. as i said, not resounding bounce from the open through to the close. ten-year treasury note is moving around. that did go down to 2.18 in terms of lows. as you see, we moved up in a more risk-on fashion since the lows of yesterday to 2.25% on the ten-year treasury note. >>> wall street's gain

interview, watching cnbc, first in business worldwide.ldwide. 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 >>> it was just in the last hour here that we got this word from the u.k. ambassador to south korea that he's talking about the fact that north korea looks like they're going to try another nuclear test, their sixth recently, and it took the market down initially, on the right hand side of the screen, down 71 points suddenly on the dow, but it came back. look at the dollar index, that's dipped momentarily as well. but not -- >> not a huge move there, and the vix now was back above ten momentarily, but that now is there. >> not a lot of response here. >> what's important here is we talk about the risk factors, and big ones are now well below where they were months ago. earnings are better, overall global economy is better, taxes in p

welcome to "squawk box" on cnbc. the nasdaq market site in times square, i'm melissa lee along with joe kernen. joining me is guy adame, a fast money trader. as joe was mentioning a bloodless coup happening this morning. >> bloodless now. it's early. >> i'm watching you two. don't get any ideas. you have two-thirds of the fast money -- >> until the end of the show. >> we have two-fifths of fast money. two-thirds now of "squawk box." math i though is tricky. >> we're all cnbcers. >> i like that, we're all team. >>

welcome to "squawk box" on cnbc.ive from the nasdaq market site in times square, i'm melissa lee along with joe kernen. joining me is guy adame, a fast money trader. as joe was mentioning a bloodless coup happening this morning. >> bloodless now. it's early. >> i'm watching you two. don't get any ideas. you have two-thirds of the fast money -- >> until the end of the show. >> we have two-fifths of fast money. two-thirds now of "squawk box." math i though is tricky. >> we're all cnbcers. >> i like that, we're all team. >> there's no i in team, but there's an "me" in team. >> always has been. well, i'm happy to be here. >> you're fired up. if you're up at 4:00 a.m., you might as well get fired up. >> why not. if you put in that -- what time did the alarm go off? >> 4:05. >> so you -- >> i'm a 3 handle. >> me, too. >> you say you can do this. you did it once. try five out of five. >> i can barely do this. >> 52 out of 52. >> you're a stud. i say it all the time. >> we have a big market day. good to have you here. a chec

you're watching "squawk box" on cnbc.me back to "squawk box." the house weighs and means committee holding its first hearing on tax reform this morning. kayla tausche joining us from a capitol hill that could probably use the distraction. >> they're glad to hold this hearing. the republican leadership trying to stay focused on the agenda at hand to prove they can keep the policy promises that many ran on last year. today business leaders will testify about tax reform. among the five witnesses, the cfo of at&t, two proponents of the bosrder adjustment tax and steven rattner. yesterday steve mnuchin met with caucuses up on capitol hill. some convened in speaker ryan's office. people familiar with the meeting wouldn't say what was discussed, only that the neati imeeting us productive. but these hearings will be instructive on how views on tax reform may change. chairman brady is holding a hearing on border adjustment specifically next week. lobbyists say he has been floating a four to five-year phase in for that to see peopl

welcome to "squawk box" on cnbc.rom the nasdaq particular ket site market site in times square. markets ended slightly lower yesterday. you can see that that trend is continuing this morning with some pressure on the dow futures, down by 37 points below fair value. s&p futures down by 6. nasdaq down by 12. overnight in asia, take a lock and you'll see that the nikkei was down by 0.4%. markets in china were slightly higher. hang seng up by 0.10%. shanghai was up by

you're watching "worldwide exchange" on cnbc. ♪ >>> good morning. welcome back to cnbc.d was this? >> it was mine. we've gone with the title song of the track. >> leave it to you to pick the worst one. >> even if i picked something you like, would have framed it as awful. >> one thing that was not awful was your tease into the break. >> we have an interview with richard curtis, throwback thursday, we're throwing it back with some of our first cds. >> good stuff. >> you're the one who is talking and making it go longer. >> let's check in on the global markets. we are seeing another record close for the s&p. dow futures up 79 points. s&p futures up 7. nasdaq futures up 20e. big moves in the oil market as headlines cross out of opec in vienna. wti crude, 51.12. down a half percent. the saudi oil minister telling cnbc that a nine-month production cut could be extended if needed. that was baked into the forecast and price at this point. oil has been strong. >> the intraday moves, because we did fall about 0.6%, we got back to flat and now down half a percent. perhaps people w

eastern on a cnbc exclusive.t will be interesting to see this broader trend, international companies feeling the pressure from president trump and showing they are willing to invest in america's job story. >>> stocks to watch today, barry dillers will buy angie's list and create a publicly traded company called angie home services. up 41%. advanced micro devices matching estimates in the latest quarter but shares dropping on disappointing gross margin forecasts. >>> shares of luminex up. >>> chegg shares getting a bump following the earnings beat. the textbook company earnings revenue above expectation and rising full-year guidance. >>> and tenet healthcare posting a smaller than adjusted loss. the company announcing a deal to sell its acute care hospital and related facilities in houston to hca holdings. and tenet says all its hospital centers and physicians will be phased back to humana's network starting next month. >>> texas road house quarterly results topping estimates. the company seeing sales jump more th

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then i guess neil cavuto of the news anchor was a top banker at cnbc his contract was upcontract there was a whole i remember the final full paul the said ally cuba you don't have a network and i said details.tw don't worry. so he gambled and came with us. and loren green. and doing those run-throughs.was the trying to figure out how to make those graphics work. and some of those came quitegras early. >> to do think o'reilly would be the success and that i don't understand it i believe the show should work and doing the right thing but the primary problem isn't even the wrong time. but i will give you there primary audience by.tter the i have given the wrong time spot to be very competitive and he did very well. >>cspan: what do think about the way the media covered his problem with the lawsuit ?. >> irresponsible with msnbc they tried to make the game out of it. >> what about the "new york times"?. >> rating ever pretty rough. yo >> fax. >> was there ever a time?. >>guest: i will not talk w too much about that but there was no wrongdoing but they have a right to defend themselves i do

you're watching "worldwide exchange" on cnbc. ♪ ♪ >>> good morning.come back to "worldwide exchange" on cnbc. i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. straight to the global market action. slight gains yesterday, a slight reversal in terms of the index leadership. the dow was the best performer. the nasdaq the laggard of the three. albeit still higher and hitting a record all-time close. we're called lower in the premarket. just slightly. 32 points or so for the dow. >> apple shares are part of the story here. they are pulling back from an all-time high after the company reported a surprise drop in iphone sales. let's get to josh lipton who spoke to tim cook on the results. good morning. >> good morning. so let's start with apple's flagship product where units did slip 1% year over year to 50.8 million. analysts expected units to rise 2%. tim cook said demand was stronger than reflected because he reduced inventory by 1.2 million units and that consumers are putting off upgrading because they're waiting for that new p

joining us now is sarah fagan, a cnbc contributor. know you were not a fan of candidate trump, but watching this play out, what's your take? >> it's dumfounding. i think there's only a couple reasons that you would fire the fbi director. one, you thought he was incompetent. if that's t that's the case the trump administration has been making the last 24 hours, but also because he was investigating you for russia. even if you assume that their intentions were pure, and they fired him because of competence reasons, this just stinks to high heaven. it is poorly executed, poorly planned, poorly thought out. every time i think a lot of us who were trump detractors during the campaign start to get excited, get excited about what he's doing on healthcare and tax reform, he does something like this. it's just -- it's just striking. >> there's been points made by the "wall street journal" and the editorial board that the deputy ag was just confirmed, rob rosenstein. and they're saying that may be why, that he was just put in place on this. wha

e-commerce and tax reform first on cnbc and later do not miss a cnbc exclusive interview with lloyd blankfein2:15 p.m. eastern time stay tuned you're watching "squawk box" on cnbc. . i mean wish i had time to take care of my portfolio, but.. well, what are you doing tomorrow -10am? staff meeting. noon? eating. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. so beautiful. what shall we call you? tom! name it tom! studies show that toms have the highest average earning potential over their professional lifetime. see? uh, it's a girl. congratulations! two of my girls are toms. i work for ally, finances are my thing. you know, i'm gonna go give birth real quick and then we'll talk, ok? nice baby. let's go. here comes tom #5! nothing, stops us from doing right by our c

>> you have cnbc on in the background? happens -- >> no i'm kidding. >> i should have picked another channel, right? that was -- >> it was a real -- >> that was really dumb. >> error. >> i'm stimulated in the morning. so is my daughter >> we don't need to know about all this. >> you're watching "squawk box" in the morning. >> because they're watching "squawk box." >> don't need to know about your morning stimulation. have you changed a poopy diaper? >> i've changed a lot of poopy diapers. i've changed my share of non-poopy diapers. i didn't realize sometimes they don't have both of them in there. >> what? >> i don't think about these things as a dad. >> i wanted to get a little conversation going. don't really regret it. but we're going to talk apple now. let's talk apple. >> she's beautiful, dom. >> thank you very much. >> safer space, go to apple. >> he's learning. >> i am learning. >> apple reporting earnings of $2.10 a share, eight cents ahead of estimates. revenue missing the mark on weaker iphone sales. apple's ceo t

welcome to "worldwide exchange" on cnbc. i'm sara eisen. i'm wilfred frost.ood morning to you from me a

welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> i'm mike santoli in for wilfred frost today. >>> u.s. equity futures are under a bit of selling pressure. did see a turn in futures when this news crossed last night that fbi director james comey would be fired by president trump. we'll talk about the implications for investor confidence. for now dow futures are down 55 points. s&p futures down 4. the nasdaq down 4 as well. as for the action overnight in asia. hong kong continues to be a stand out. that index is at the highest level since 2015. it was a strong close for hong kong up a half percent. shanghai comp, the main index in china continues to get under pressure. down a percent. it is now at the lowest level since back in october. as for the early action in europe, legts sht's show you wh going on. some weakness but fractional moves. the german dax unchanged. ftse 100 in the uk is positive. weakness in italy. >>> look at the broader markets, a slightly risk-off response. the ten-year note. that yield yesterday

welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> i'm wilfred frost.ood morning to you from me as well. >> let's check in on the markets after another record close for the s&p and nasdaq. got a half percent gain for stocks yesterday. breaking out of that dreade dreaded 0.2% move. let's show you where we are this morning. dow futures down a point. s&p futures down 1.5. nasdaq futures remain strong as the nasdaq continues its outperformance. it's coming off of four straight weeks in gains. the s&p and dow broke their winning streak last week. the dollar is the mover last night. this is where we saw reaction to the report from the "washington post" and the "new york times" that the president shared some highly sensitive intelligence data with the russians. you saw the dollar weaken sharply. the biggest move was against the euro. it soared to 110.41. the dollar wiped out all of its post election gains. the dollar shot up on this idea of all of his pro growth policies and confidence, it wiped all of that out this morning. the dollar weaker against the yen a

he didn't do cnbc, didn't show up on the first day of the ipo. is there a feeling they're struggling to be a public company? >> i think so. i used to run a company during the internet bubble, i have not seen a company trying to go public like that sense those in days. companies with severely negative ebita. yeah, he comes across arrogant. it's a company because they're head quartered in southern california instead of the more familiar silicon valley, a lot of people don't know. i think there's a corporate governance issue here, too. >> nobody has voting shares except for them. >> it will make a run today, as we can see in premarket trading to the ipo price. it will be interesting to see if it sticks there. the investment bankers will defend the ipo price. let's see if it sticks. obviously i think this is problematic. if you really want to invest in digital advertising, hold your nose and buy more facebook and google. >> paul, thank you very much for joining us. >> all right. >> when is the last time you posted on snap? >> a very long time. i swit

on cnbc. hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. whether you're after supreme performance... ♪ advanced intelligence... or breathtaking style... there's a c-class just for you. decisions, decisions, decisions. lease the c300 sedan for $399 a month at your local mercedes-benz dealer. mercedes-benz. the best or nothing. >> welcome back to "squawk box." a 1982 painting by jean michel basquiat -- i got basquiat right. selling for a record 110 million. 110.5. yesterday at sotheby's auction. the sale of the painting is the sixth most expensive work ever sold at auction. there were only ten other pieces that broke the 1$100 million mark. it was the biggest number for an american artist. >> i will keep my thoughts to myself. >>> gap shares rising o

you have seen a lot in washington in your work for the cnbc and the "new york times." have you ever seen a week like this? >> no. never seen a president like this either. he is in uncharted territory in terms of his brazen willingness to not only do things that are path-breaking in terms of the norms of presidential behavior, but to boast about those things. and the idea that a president would tell top russian officials, which is what we learned the president had done this week, that the fbi director that he fired, the fbi director of the united states of america, was a nut-job and now the pressure is off on a russia investigation. none of us have seen anything like that. >> joan walsh, take a look at what sam nunberg a controversial trump aide but one who knows the

you can also find us on twitter, streetsignseurope@cnbc and tweet me directly @carolincnbc. >>> still coming up on the show, burberry shares are getting a bid after posting better than expe expected numbers. but challenges still remain for the new ceo. we'll drill into the numbers after the break. finding time to get things done isn't easy. but we've got the digital tools to help. now with xfinity's my account, you can figure things out easily, so you won't even have to call us. change your wifi password to something you can actually remember, instantly. add that premium channel, and watch the show everyone's talking about, tonight. and the bill you need to pay? do it in seconds. because we should fit into your life, not the other way around. go to xfinity.com/myaccount >>> welcome back to the show. burberry is trading at the top of the ftse after the fashion firm told investors its pretax profit is set to rise this year. however on a less positive note, the luxury group reported a 21% fall in underlying profits for the last year. the stock is up nicely. michelle negrade is from direc

bill mcdermott in a cnbc exclusive. kmoent a timer, michael, as always, welcome to you, and wells fargo asset management, and mark harris from rbc capital markets. michael, talk to us about this nasdaq, man. >> the nasdaq? it's almost like default mode. not a lot of other drivers in the market. showed a little lack of imaginati imagination. okay, might as well shove more money in the big growth stocks. the nasdaq 100 is about half tech now. tech is the entire story, but a dominant one. i look at the s&p 500 which is just idling like you almost never see. closed at 2400, the ball balances on the seal's nose. it stays there because the seal supports it. >> a great image that i just want to hold there for a second. ann, what about you? you know, earlier, we suggested the s&p was coiled like a spring just waiting to move one way or another, but, again, you know, in the meantime, the nasdaq is happy to move higher. >> you know, i think q4 was a tough quarter for technology, and you certainly saw reversal in q1. it comets to

at cnbc.y the way, can you shoot -- just look. it's fleet week as well here. >> wave, everybody, guys, say hello to america. >> there you go. >> so we got barry manilow, fleet week, and the whoop whoop will be coming up in 30 minutes as well today. >> adjust your volume. >> there's other news too, though. we have to get to it this hour. bmw and volkswagen caught in the cross hairs after president trump slammed the german auto makers. what's behind the harsh represent reck coming up. >> the ceo of netflix said its biggest competitor is sleep, remember that? now facebook could be trying to give netflix a run for money as well. details on that story coming up a little later. as amazon and alphabet crawl towards $1,000 a share, we begin with stocks in that prestigious $1,000 a share club, dom has -- there's only one stock, other than berkshire hathaway, right? >> of course. the $1,000 stock club is verified, for sure. amson is close, but only one member of the large cap s&p 500 index, that title b

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you are watching "squawk box" right here on cnbc. . year in taxes and fees on your wireless bill? only t-mobile one gives you unlimited data with taxes and fees included. that'll save you hundreds. get two lines of unlimited data for a hundred dollars. that's right. two lines. a hundred bucks. all in. and now, the brand new samsung galaxy s8 is here. so what are you waiting for? get the new galaxy s8. plus get 2 lines of unlimted data for a hundred bucks. taxes and fees included. only at t-mobile. >>> welcome back to "squawk box." our guest host this morning, ben bernanke. former fed chair. also distinguished fellow at the brookings institution. his book "the courage to act" is out in paperback with a new afterword this week that you have to take a look at. i am going to hand over my time to the professor. >> oh, no, you'll get your time. >> i know you had a question. so i wanted to -- >> i want to -- >> give you the floor. >> i want to read from the afterword which i think is so interesting. by the way, it's totally, the new afterword

you're watching cnbc, first in business worldwide. >> have a tissue. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. >>> twitter upping its game in live football now. the social networking giant and national football league inked a deal for twitter to broadcast official nfl content year round. now, for the last couple seasons, twitter broadcast select thursday night games. this new deal includes live 30-minute shows that air on twitter five days a week during the se

and then cnbc after that. we think there is a market for business news because we think it is real news. >> why would you do a business channel when cnn fn has been dropped and cnbc's ratings are down? >> they never got distribution. i think cnbc you know they claim they went down when the bubble burst. but you know, a market went out but trying to represent that the ratings went down 80 percent. so i keep thinking you know, when i was there we did not have that problem. we did not have a problem.so i think maybe we can do something. i just believe that it can be, we are all in business to make money. all of these channels eventually have to make money. i believe that if you do business news correctly, you will make money. and they make money but they make most of their is on infomercials. if they did not have infomercials it would be ugly! >> so if you start when would you start? >> as soon as we get distribution. where work out a business plan. we have to look at who will view it where, how many subscribers

the saudi energy minister tells cnbc price is not the problem. >> we focus on the fundamentals that we. the market will move in the right direction. >>> pay up. that's the message from president trump telling his nato leaders to increase defense spending and accusing them of owing massive sums to the united states and the alliance. >> 2% is the bear minimum for confronting today's very real and very vicious threats. >> donald trump also condemns the u.s. intelligence leaks in the manchester attacks after theresa may raises her dissatisfaction. >>> and the uk conservative party sees its lead reduced even further in the latest election poll. >>> good morning. once again, if you're just tuning in, let's show you what u.s. futures are looking at. s&p 500 seen up by just a tad, up by 1.63 points. the dow off by 2. the nasdaq set to gain 4 points. the dow ended the day with just 33 points away from its record close. by in large what you saw yesterday is that markets did very much shrug off the drop in oil prices. yes, the energy sector was down, but markets still clinging on to those record

heimo, we'll leave it here. >>> the brave ones will be aired for the first time on cnbc in europe and the middle east tonight. it's a new program that charts the rise of some of the world's most successful entrepreneurs through intimate one-on-one interviews. the star of the first episode is the german ceo and founder of udacity, a former vice president at google and professor of science at stanford. here's what you can expect from the man who led the development of google's self-driving car. >> udacity today is the reinvention of university. i listened to a young fellow in silicon who started cannes academy. his videos went viral. i was sitting at stanford with my class of 15 thinking god, i can do that. we expected maybe 500 students at best. when everything was said and done, we had 160,000 students. with this one class i had more teaching impact than the entire academic field combined. i realized, my god, something la to be done. >> i went to my dean at stanford and i said i'm done with tenure. i'm quitting. people really doubted whether i was sane. if you believe in something, yo

you're watching "fast money" on cnbc first in business worldwide.n the meantime, here's what else is coming up on "fast." >> the illusion has become real and the more real it becomes, the more desperate they want it. capitalism at its finest. >> but the real life inspiration for gordon gecko and one-time trump supporter says it's not capitalism that's driving the market, it's something else. asher edelman will be here to explain. >>> plus -- ♪ power to the people >> a new rule designed to protect you, the retail investor, may contain hidden risks, and we'll tell you what those are when "fast money" returns. the power of innovative thinking. the power of 100 of the world's top companies. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this inf

and welcome back to "squawk box" here on cnbc.re i'm joe kernen, along with wilfred frost and melissa lee. becky and andrew are off today. the futures have been improving throughout the morning now. up 30 points on the dow. and we had some new records recently. the s&p could add to those. up 1.5. the nasdaq up 6. so far this morning. the dollar has been weaker, and the euro stronger. 1.10 now for the euro. and you can see, you know, it was really cheap to go to your -- your home country wilf, not quite as cheap anymore. >> still on a long-term basis. the pound rose earlier off the back of strong inflation data but it's just slipped back down a little bit. there you go, 1.28. >> among today's top stories, shares of dick's sporting goods under pressure. earnings matched estimates but revenue came in below forecast. same-store sales rise 2g.4%. that's smaller than the consensus of 3.5%. dick's did predict street instruments. ford is apparently planning to cut about 10% of its global workforce. "the wall street journal" saying it's pa

good morning welcome back to "squawk box" here on cnbc.e at the nasdaq marketsite in times square i'm andrew ross sorkin along with becky quick and joe kernen. take a quick look at the futures this morning, see how things are setting themselves up for the day. dow looks like it will open up close to 20 points higher, s&p up 2.5 points, the nasdaq a little over 10 points higher. we'll flip that board around show you what's going on in europe right now. again, green arrows pretty much across the board with the dax and ftse 100. yeah i think gotten a little bit better. the pound falling today. we mentioned earlier, hitting a six-week low against the dollar after a projection by poland company ugov showing theresa may's conservative party falling short of a majority in next week's uk election. conservatives could lose as many as 20 seats. they currently hold a 17-seat majority. we also have some other headlines. the federal reserve set to release its beige book today. the region by region assessment of the u.s. economy is going to be released

welcome to "squawk box" on cnbc.e're live from the nasdaq particular ket site market site in times square. markets ended slightly lower yesterday. you can see that that trend is continuing this morning with some pressure on the dow futures, down by 37 points below fair value. s&p futures down by 6. nasdaq down by 12. overnight in asia, take a lock and you'll see that the nikkei was down by 0.4%. markets in china were slightly higher. hang seng up by 0.10%. shanghai was up by 0.71 is%. in europe, things have barely budged in most of the major markets. cac is flat. dax is up 0.1%. the ftse up almost 0.2%. crude oil prices continued to climb yesterday. this morning giving back just eight cents. but there is a thought that with supplies in the united states experiencing an unexpected draw down, and with more countries looking like they may support saudi arabia in terms of continuing that production cut, we have seen prices that have stabilized well above the lows we've seen earlier this week. wti trading at 47.76. >> som

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we're watching "squawk box" right here on cnbc. mr.fett, back in a moment. go to protect your vehicle? i'm on it. ♪ ♪ ♪ weathertech. made right, in america i count on my dell small for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ ok if you want to stay on top of your health, one simple thing to do -- is take the pledge to go and get screened for the cancers that might affect you. so stand up to cancer and take the pledge at getscreenednow.org it only takes a minute to take care of yourself, and nothing rhymes with "org"... box," everybody. we are live in omaha, nebraska, with berkshire hathaway's chairman and ceo warren buffett who is sitting down with us for his first interview since speaking to the berkshire faithful who made their way here. about 40,000 shareholders who were here in omaha over the weekend. warren, thank you again for sitting down with us. >> thank you. >> a lot of questions brought up by share holders this weekend. some them had to do with 3g, the investment fir

i'm mellissa lee, you are watching cnbc.n the meantime, here's what else is coming up on "fast. >> don't forget hedge funds are rising from the gravy, posting some surprising gains. i'll tell you the stocks that got them there. plus, calling all bitcoin fans, mr. bitcoin, himself, ryan kelly is answering tweets and taking all your bitcoin questions. so tweet us@cnbcfastmoney. if it's nice, we'll answer them when "fast money" returns. >> welcome back to "fast money" with stocks soaring and the s&p and nasdaq approaching big time highs, here's what's coming up in the second half of the show, amazon eeks away to $1,000 a share, at stocks are behind. we will play a little would you rather. hedge funds are cameing a comeback in illinois. marc levine will tell us the big hedge funds and why to ditch the rest. first we start off with a story captivated main street and wall street. >> that is whit coins digital currency hit another all time high. >> reporter: hi, melissa, bitcoin has been on the rise the southern ascension over the

. >> cnbc also spoke with wilbur ross who accounted for the administration delay in a nafta renegotiation process. >> the reason we have not had the formal negotiations on nafta is simply that congress has prevented us from doing so. it's hard to blame the president for something outside of his control. >> let's talk about all the weekend news with thomas harr, of ficc research at danske bank. he joins us from copenhagen. the president also telling cbs he's looking at an infrastructure plan to come out within two or three weeks. do you think this is largely cosmetic along the lines of what we saw with the tax overhaul, just a big announcement and not major details? >> i think you're right. the beta to what trump is saying is going down because we're used to these big comments and not much has happened. for us here, we're looking for fiscal stimulus whether it's tax cuts, infrastructure, hitting the u.s. economy in the second half of 2018. so that means we have a u.s. economy doing okay, but not big growth. >> it's interesting, ben bernanke was on the record saying he does not see the u.s.

mark cuban reveals his biggest holding last night on cnbc. we'll tell you what it is.t is friday, may 12, 2017. "worldwide exchange" begins right now.

you're watching "worldwide exchange" on cnbc. welcome back to "worldwide exchange." i'm sara eisen. >> and i'm wilfred frost. the global market picture essentially flat at this hour. about 2% of gains last week. around 1.3 for the s&p and the dow. the technology sector clearly doing very well as highlighted by the nasdaq's performance. elsewhere from that, it was a boring rally. utilities sector led the charge up. energy the worst performing, down just over 2%. oil prices did slip. the first negative week in three. all told down r doabout a perces a whole. as you can see, nasdaq slightly higher. s&p and dow slightly lower. >>> asian trade for you. coming off the back of the week where hong kong gained about 2%. shanghai and japan were flat. we are seeing a soft picture this morning. we have chinese markets closed for the dragon boat day holiday. not much movement elsewhere. european trade for you, the ftse 100 slightly lower this morning. >> the dragon boat race in hong kong, have you been there for that? >> i haven't. >> everyon

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. >>> big losses on wall street are your top story on cnbc.tocks having their worst day in two months. there is a little green out there, some dow winners, defensive names, united health, coca-cola, p&g, travelers, and walmart's earnings are out tomorrow. let's get specifically with a market flash and dom chu. >>> colgate/palmolive, shares jumping about 4%. this after a "new york post" report saying the company's ceo signaled he might be willing to sell the company for $100 a share according to them citing sources that price tag would represent about a 33% premium from current levels. now they are currently the best performing stock in the s&p 500. we'll see it stays that way or drags up the rest of the consumer staples. back to you. >> thanks. concerns in part certainly about the constant distractions coming out of the white house. so will this derail president trump's economic agenda, a question we keep asking day after day. cnbc contributor larry kudlow, chief economist at moody's analytics. mark, let me start by asking you that simple ques