wilbur ross announced the deal on cnbc this morning, saying it had been struck at 6:00 a.m.his morning with the chinese. yesterday, no deal today, there say deal. here is what we know about the terms of the zte deal, which has become controversial here in washington and around the world. zte must pay $1 billion in penalties and place $400 million in what they're calling suspended penalty money in escrow they have to retain a team of special compliance coordinators, who will actually live inside the company and report back to the united states. they also have to replace the entire board of directors and senior leadership of the company in order to be in compliance here with the united states. wilbur ross on cnbc this morning stressed just how tough this deal actually is. >> it imposes the most strict compliance that we've ever had on any company, american or foreign. we are literally embedding a compliance department of our choosing into the company to monitor it, going forward. >> now not everybody agrees with that take a look at this tweet from senator marco rubio. i assure

>>> good morning here are your top five stories at cnbc global headquarters. breaking news out of london. the stock exchange now returning to normal after a technical delay delayed the opening. >>> warren buffett and jamie dimon is calling for an end to a widely used wall street practice. >>> president trump talking trade with the japanese prime minister at the white house today. >>> carl icahn reportedly building a stake in one well known company. >>> and why an rv maker is sending a warning sign about the economy. it's june 7th and "worldwide exchange" begins right now ♪ >>> we have a great team i was referencing that song about 20 seconds ago you played it, good job. kudos. good morning welcome from wherever in the world you may be watching. i'm brian sullivan we'll try to build this city on the stock futures because if you're getting ready to work, consider wearing a raspberry beret. your rbi has to do with prince, we'll explain. a higher open this morning, not a lot. we're up about 41 points on the dow futures. still may see some gains coming off yesterda

this is courtesy of reporter christina wilky at cnbc. "as robert mueller looks ever more closely at president donald trump's foreign business ties, one former associate has remained outside the spotlight despite playing a key role in trump's quest for real estate deals in the former soviet union. architect john fotiadis designed some of trump's most ambitious luxury developments there. fotiadis's work offers a window into trump's dealings in the complex, opaque world of eurasian real estate. today several of these projects are reportedly under scrutiny by the special counsel, who's investigating russian meddling in the 2016 election and any means by which moscow might have exerted influence over trump and his campaign, including through business deals." after mcclatchy reported in april that mueller's probe was looking more closely at people involved in trump's business dealings in georgia, kazakhstan, and russia and after cnbc received a tip that architect fotiadis had worked on several trump projects in eurasia, cnbc reached out to mr.

wilfred frost, cnbc business news. >>> deutsche bank passed the stress test as well. the german lender whose u.s. business has been under regulatory scrutiny met all of those minimum capital requirements separately they have been downgraded to negative from stable the ratings agency fitch cited substantial execution risks around that complex restructuring plan. >>> airbus warned that a no-deal brexit would threaten the company's presence in the united kingdom. they manufacturer wings in the uk, but they warned that a cliff edge exit from the eu would cause "severe disruption and interruption to those operations." airbus also criticized the uk government's plan brexit transition period as being too short. the company said it would stop the firm from growing its supply base inside the uk the uk treasury is not the enemy of brexit but it wants to see existing business and trade ties preserved after brexit that was the message from philip hammond talking to london's financial services industry in his mansion house speech last night. hammond reiterated his support for a fi

cnbc found fully a third of they oves. on seven those 12 days, the dow fell an average of 1.7%, and cost cumulatively 700 billion. in five of those instances on news that trade tensions were sing, stocks bounced b so how does it net out? it's a netting in tiff. one big reasonhat stocks arefl . and job growth, along with the s profit-friendly tax cuts. the trade disputes with the eu, and china, while they might be small on an individual basis, fairly quickly offset the still lug from the tax cuts. we think that was baked into the maets last year. >> the research shows the company is taking the biggest hits from negative trade news are household ne stocks deeply involved in world trade, including caterpillar 3m, u.n. do yo dow dupont perform announced tariffs on china, marketsun d nearly 3%. but four days later, the dow surged 2.8% after a "wall street journal" story said the u.s. and china were quietly negotiating to approve trade, an improvement that never came. it's worth pointing out we coulf nod a 1% positive more or hi

joining us now is peter boockvar, cnbc contributor good morning to you.t's been hard for investors to quauch quantify this trade risk but the rhetoric between the u.s. and china is heating up. what do you do as an investor? >> i think the daimler news yesterday, as we hear, will be an issue whether it's an issue like a retailer blames weather on earnings, or whether it's something else, but it's an issue. the possibility of tariffs being implemented could change decisionmaking, could change guidance >> one way investors have been trying to trade the trade headlines is sell companies with high revenue exposure to china, but that does not capture the complexity of manufacturing in the global supply chains is that the best strategy to use? >> it is complex and not really clear. even some other auto companies yesterday, bshgmw said we're no changing our forecast. here you have two german companies competing tightly against each other, one blaming and one saying we don't know it's difficult to predict until we hear what they have to say. >> i like to talk abou

we'll speato theresa may right here on cnbc >>> data breach at dixons. they are the victim of cybercrime after discovering unauthorized access to a payment card held by the company. >>> the world's largest clothing retailer inditex defies currency returns, but shares reverse gains in early trade hitting the bottom of the ibex. >>> and a victy for m&a. at&t and time warner win the right to complete their $85 billion deal despite opposition from the trump administration. >>> oil prices are unlikely to continue rising as sharply as they have, that's according to the latest iea oil market report as ever, i'm happy to say neil atkinson from the iea joins us on the line. sir, i see you'vreleased your forecast for 2019 now, on the supply and demand side let's start with supply. i see that on that note for 2018 you revised upwards the growth to the tune of about 2 million barrels a day from where it was before you see 1.7 million barrels a day for 2019 where is that supply growth coming from? >> most of that ly growt the non-opec countries in 2018, which is near

>>> it is 5:00 a.mat cnbc global headquarters and here are your top five at 5:00. the eagles will not land at the white house. president trump canceling that football team's visit. >>> starbucks' howard schultz stepping down. will he now run for president? >>> apple's ceo, tim cook, opening up, talking everything from tech to regulation to privacy to b the first trillion-dollar company. >>> twitter investors chirping after that stock getting a huge win. >>> and the world's biggest bond fund out with a warning for you and your money it is tuesday, june 5th, and "worldwide exchange" begins right now. ♪ ♪ she told me don't worry about it ♪ >>> in case you needed to go back to, you know, 1988. good morning, and welcome wherever in the world you may be watching i am brian sullivan. stock futures not giving you a lot of help today. they're up a couple of points. they're not in the red it is early. a lot to do. the big mover's actually the cryptorrenci if you like those, you may not like what you see. we'll show that coming up in a few minutes. we are going to have much m

at cnbc global headquarters. top five at 5. china issuing new warning. >>> breaking deals there microsoft reportedly nearing a deal to buy github volcano in guatemala killing 25 people overnight some residents are being air lifted to safety airlines have fuel costs rising. and mgm reaching a tentative deal with 25,000 workers avoiding a strike. it is monday, june 4th, and "worldwide exchange" begins right now. jo >>> and good morning, i'm brian sullivan so glad you are with us to start your week or at least get through your monday. here's how the markets are setting up their day looks pretty good. stock futures showing the dow will open up nicely. we are up over 100 points. the ten year yield up over 3% rising at 2.91%. we'll get more on the markets in a minute it was a big day in asia as well all indexes are up led by a 1.6% jump in hong kong. green on the screen. as you can see, all in all pretty good looking monday with the exception of weather if you own stocks anywhere in the world. >>> topping your money news this morning

welcome to "squawk box" on cnbc. sorkin with michelle caruso-cabrera and mike santoli. dow looks like it would open off 168 points down. nasdaq about 68 points down. s&p 500 down about 15 points we've got some headlines affecting the market this week the vote had been scheduled friday for immigration bill. also, amazon is going to be offering discounts nationwide at whole foods for members of its prime program. it will roll out nationwide, that's going to happen tomorrow. >>> take a look at shares of campbell soup. follows a report in the new york post saying that kraft heinz may be interested in buying the company. they've been interested in that for some time. everyone said talk to the hand they believe campbells will look at options also says general mills could be an interested buyer as well. >> there have been changes at campbell soup. >>> general electric is close to a deal to sell its business to advent for about $3 billion. the sale could help streamline ge's power division which saw profits fall 45% last yea

>> eunice yoon, we'll see you again all day on cnbc. thank you very much. >>> joining us on set is jim o'neill from chatham house, the man who coined the term brick nations. perfect day to have you on >> good day. >> it is a good day in some ways, not for stock investors, the dow futures are down nearly 400 points are you surprised president trump has upped the ante in the way he has >> the only surprise with this guy is that, you know, the next surprise really. i don't really understand where he and his advisers are coming from it's sort of seeming like a policy that may have had some relevance 25, 30 years ago but he's doing it at a time where the chinese have dropped from 10% of gdp a decade ago to barely 1%. china shifted its economic policy priorities post the '08 crash. so he's playing to the gallery of course in that sense you can see what he's doing more and more here with his core voters >> eunice hit on it at the end this is key. he's gone to a number, 200 billion, just talk, but he's gone to a number the chinese can't match.

it airs wednesday on cnbc.s now to talk more about the program and the market for house flipping, which is very hot these days, is sidney torres, host of cnbc's "the deed" and founder of the private investment firm. that guy needs an iv with some cash what went wrong there, and what's the lesson for others who would be inclined to flip? a lot of times people get into this thinking, well, if i renovate for less or i have friends that are subcontractors, i can renovate for less, that's where i can make up my profit. so what happened in this case, he didn't fill out all of the subs he left out appliances he left out some of the other things like roofg shingles items that you just don't leave out when you're doing a remodel, and so that was a huge 20% over on what he originally budgeted, and of course -- >> that's a pretty basic mistake. >> it is a basic mistake >> was this his first attempt at flipping >> it's not. he's a contractor. and the difference is -- contractors, you have a change order and they make more

at cnbc global headquarters top five at the five stocks on a slide again. investors getting more nervous around the globe. >>> a federal judge ordering the united states to reunite families separated at the border. >>> oil prices popping more on that big story shares of world wresting entertainment surging. >>> and boeing just unveiled something that could be game-changer for all of you frequent flyers out there. it's wednesday, june 27th, and "worldwide exchange" takes off ♪ >>> i just want to go to a rave or something good morning thank you for watching i'm brian sullivan thanks for joining us. there you go another rough day for your investments today. the futures indicating that the dow will fall almost 200 points at the open. we're down another 185 points here it's sea of red in stocks. we'll get to that in just a second a check ononds, the benchmark ten-year yield holding steady again, we're at 2.844% see some buyers come into bonds as stocks have been weak worldwide now, asharks again, all down as well the chinese domestic market now in bear territory

joining us now for a cnbc exclusive interview.rce secretary wilbur ross it's great to see you. where does this stand now? the journal says we are close to a deal >> well, we are more than close. at about 6:00 a.m. this morning, we executed definitive agreement with zte and that brings, that brings to a conclusion this phase of the developing with them >> you are telling us that right now? this is no longer nearing a deal this is a deal has been done and the letter, the ts are crossed the is are dotted. everything is finished >> all 23 pages of them. >> 23 pages. okay so were the provisions and the parameters that have been out there, is it basically, can you summarize exactly what's in the deal and how it works? >> sure. as you know, this is a trade enforcement proceeding zte originally had been violating the u.s. sanctions both against north korea and against iran so in march of 2017, we reached a settlement with them and had it approved by the court subsequently, we learned not that they had done more violations of sanctions, bu

later on cnbc don't miss warren buffett and jamie dimon in their first ever tv interview. that's coming up today at noon central time. >> i'd be interested to hearing their justification for while all of a sudden -- at peak cycle they have decided this is the right time to remove the forecasts. >>> anyway, speaking of carp rots, despite better than expected sales, they have kept $1.65 a share but raised the profits guidance >>> investment banking will bear the bulk of deutsche bank's cost cuts speaking in frankfurt the cfo says that more than half of the 2 billion euros worth of cuts planned will come from corporate and investment banking. in total, they slashed the euros from the cost base over the next 18 months. >>> right, so we have been chitchatting for about ten minutes. if you want to get involved in the conversation, follow us on twitter @street signs cnbc or tweet us directly >>> coming up on the show, italy's new prime minister warns european leaders that the challenges of migration must become more of a shared responsibility stay tuned the first survivor of alzh

cnbc.elcome back thank you for being with us here on cnbc. i am brian sullivan. we are live from london today and tomorrow let's get a check on what is leading cnbc or as landon dowdy calls it what's hot on the dot. >> hot on the dot. developing story on audi rupert sadler has been taken into custody in germany. this is in connection with the diesel emission scandal. audi parent volkswagen has already pleaded guilty shares of volkswagen are lower this morning. >>> google investing $550 million in chinese giant jd.com. google will promote jd products on its service >>> and "incredibles two" taking the top spot earning an estimated $180 million the film smashing the record for the biggest domestic movie for an animated movie. topping "finding dori. >>> big weekend there. here's how your money and investments look as we are halfway through the 10:00 a.m. hour in london, 5:00 a.m. in the states stock futures coming back and they are indicating a drop of 146 poents on the dow. again, solly in th

wilbur ross announcing the news here on cnbc, but did the u.s. go far enough?>> everything amazon, scoring a big win over the battle for streaming sports get your game face on, power lunch starts right now

we had the chance to speak to him first on cnbc. if we take the announcement last night, the saudi equity market represents 2.6% of the msci. out of the 1.9 billion, that's around 45 billion u.s. dollars so this is the weight of the saudi market out of the measured market in msci that pool has both active and passive investors. we anticipate passive investors to be around 25%, 30%. the guaranteed inflows of cash will be around -- we forecast it to be around 10 billion u.s. dollars. the remaining is the active side active investors come usually before, during and after inclusion. and not necessarily following the plans of the inclusion so out of that, this is the size of the saudi market represented in emerging market guaranteed inflow of passive fund of 10 billion and will work hard with the active investors to attract the remaining investments or weight. >> in terms of what's happened the last couple of years in saudi arabia, this msci is towards the fast tract of getting this saudi aramco ipo. your thoughts on what happens next th

speaking to cnbc, he said they would consider an adequate response the e.u. to defend the interests. what we've heard again and again and again in brussels there are no winners in the trade war. there are some challenges at the wto. just bringing some other comments from him. he argued unilateralism is poison essentially european officials feel the threat to multi-lateralism is the deepest since the second world war in terms of the car makers, you look at their performance as you might imagine, not particularly positive the three major stocks there pretty bad day for them so far if you look at the numbers, i'll tell you why that is in terms of the europeans, they of course have a 10% tariff on u.s. imports. the u.s. talking about 2.5% right now, looking at 20%. so there is a disparity there. if you try and buy a pickup truck right now, brian, from europe, you're going to pay 25% tariff in terms of volkswagen, their brands, 12% of audi sold in the u.s. 5% of vw brand mercedes-benz, bmw i'll view you one other number you can be 100% certain trade will be the to

i'herera here is your cnbc news update at this hour.apanese prime minister abe praising kim jong-un's promise to rid the peninsula of nuclear w weapons, and hopes that they will release japanese prisoners. >>> dozens of settlers protested. >>> aid group is transferring some of the 629 migrants rescued at sea to italian ships to continue their journey to spain where the prime minister has offered safe harbor. the ship has been stuck at sea since saturday when italy refused permission to dock. >>> new study from the university of illinois said more than a third of americans are taking prescription medications that may cause depression. 8% of patients taking these medications and 15% of those taking three or more reported depression you are up-to-date that's nuts update this hour let's get back downtown to "squawk alley. jon, i will send it back to you. >> thank you, sue. >>> president trump heading back to washington now after an historic summit with north korean leader kim jong-un. diplomatic talks have just begun. one country may prove

you arwahie tcng "squawk box" on cnbc.endangered species is getting help from some unexpected friends. these zebra and antelope. they're wearing iot sensors, connected to the ibm cloud. when poachers enter the area, the animals run for it. which alerts rangers, who can track their motions and help stop them before any harm is done. it's a smart way to help increase the rhino population. and turn the poachers into the endangered species. ♪ ♪ when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >> fox and the hounds. comcast $65 million bid is on the table. will disney jump back into the hunt the latest media merger frenzy is coming up >> breaking news from the ecb him european central bankers ready to make a decision on interest rates the ruling and market reaction just minutes away >>> plus, china trade and trump's meeting with north korea's kim jong-un. former congress secretary

welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square.long with joe kernen and andrew ross sorkin. let's look at the u.s. equity futures. we saw stocks end lower yesterday after the fed announced not only that it was raising rates, but it may be raising rates at a faster pace than anticipated for next year, too. dow is down 16 points now. s&p down 1.38, the nasdaq down about 13 points. yesterday the yield on the ten-year creeped higher to 2.979% this morning you're looking at the ten-year yield at

jpmorgan ceo jamie dimon coming out strong in an internal memo to employees obtained by cnbc. dimon calls separating children from their parents as cruel and contrary to american values. dimon adding his heart goes out to those impacted. separately, microsoft's ceo, satya nadella sending a letter to his employees calling the poliicy abhora nshgabhorent andl big business again weighing in on these particular issues we'll see how that moves going forward in today's trade and everything else that develops with border policy. >>> the president is scheduled to meet with law makers this morning at the white house tracie potts is live in washington with what to expect good morning >> good morning. expect more talk about what the fix is going to be and one of the issues here in washington is that critics say the president caused this problem with his zero tolerance policy. they think he can fix it on his own. he's pressuring congress to do something. that fix includes billions of dollars for the border wall. votes could happen this week on two laws that would end separating migrant ch

secretary-general, we are live on global television for cnbc. how are you, what is the likelihood we get a production deal >> we are optimistic that we will have a successful conference and we'll begin the celebrations for the second anniversary of the declaration of cooperation by the 24 producing countries in december of 2016. we are in vienna, and this seminar is a further testimony to the new era in this industry, emerging from its longest cycle in history >> is iran on board with an increase in total global output from opec? >> i am optimistic that our conference on friday, tomorrow, with opec, and non-opec on saturday will come up with a consensus decision >> what has been the big problem, the big sticking point so far, sir? >> it has been the usual process of extensive consultations by all parties within opec and between us in opec with non-opec partners which is typical in the run up to the conferences. >> when can we expect the announcement of a decision >> as soon as we conclude the conference on friday, the opec conference, the presid

he will make his ce straight ahead. >>> plus a cnbc exclusive interview. out as the final hour of "squawk box" begins right now ♪ >>> live from the most powerful city in the world, new york, this is "squawk box. >> good morning. and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square i'm joe kernen along with becky quick, andrew ross sorkin. futures right now indicated sharply lower. almost 220 now on the dow. 216. 20 on the s&p 500. nasdaq down about 64 treasury yields this morning are under control in terms of not being near 3 %. could have a 2.8 handle at one point. finally oil prices have pulled sharply back from those $72 levels that was before this opec meeting. in vienna where all the cool people are going >> i don't think i've been to vienna have to put it on the list >>> here's what's happening at this hour. tesla working towards the goal of making the production in a tweet this weekend, an e-mail to employees obtained by cnbc, musk congratulated them on their efforts but said radical improvemre still needed

up here on cnbc. "squawk box" will be right back. is going to make it happen. but we won't get there without you. visit alz.org to join the fight. [ horn honking ] [ engine revving ] what's that, girl? [ engine revving ] flo needs help?! [ engine revving ] take me to her! ♪ coming, flo! why aren't we taking roads?! flo. [ horn honking ] -oh. you made it. do you have change for a dollar? -this was the emergency? [ engine revving ] yes, i was busy! -24-hour roadside assistance. from america's number-one motorcycle insurer. -you know, i think you're my best friend. you don't have to say i'm your best friend. that's okay. >>> we have seen a dramatic turnaround in the implied open for the futures particularly for the dow jones industrial average. earlier this morning it was down negative 200 we're now up almost 22 in part because of news just coming out of the white house which is that when it's come to the final decision as to how they were going to implement stricter investment policies into the united states due to concerns about natio

that's your cnbc news update at this hour.k to you. >> thank you very much let's get back to today's market selloff. the dow down 314 points again, a lot of concerns about escalating trade war with china you say you're dr. worried now come on, it's all roses, isn't it gdp is growing, the trade stuff have you concerned >> many things i'm concerned about. for a while there, global economy was growing in a sink newsed way, but in the last few months, there's the eurozone and then the u.k. slowing down two key elements of global growth remain u.s. and china, and now they are on the verge of a trade war. at the time, there's signs of a slowdown in global growth and emerging markets, and fed tightens higher and higher this is a moment of some degree of vulnerability >> verge of a trade war or 24 hours have we crossed a line in making it much more real >> some believe there's going to be an agreement between china and the united states. those within the u.s. and china is not just about the trade imbalance, jobs of the -- but there is

here is your cnbc news update this hour.immigration problems forcluding the separation of children from their migrant parents. he says the house will vote tomorrow >> we do not want children taken away from their parents. we can't enforce our immigration laws without breaking families apart. the administration says it wants congress to act and we are tomorrow, the house will vote on legislation to keep families together >> macedonia's parliament ratified an agreement with greece to change its name to north macedonia. this paves the way for the country to be admitted to nato and open talks to join the european union the name change resolves decades of conflict over its name. >>> a musical about pop star michael jackson makes its way to broadway announce plans for the musical inspired by his life that's your cnbc news update at this hour. >> contessa, thanks. >>> let's get a check of the markets right now. the dow. look at that basically flat it's down by one point this after being up by more than 100 points earlier in the ses

my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. as expected, the market had its best week if ages. dow gaining 75 points. s&p rising nasdaq gaining that is what happens so can the dow and the s&p take out their january highs from before the market had its big tariff induced blow off? there is a chance it might had been not because of earnings, we have almost no reports but because of the president and the fed. before we get to our game plan, i want to point out there are too many people who trade-off of tweets and fears whenever the trade hard liners members speak, the market gets hammered trade is a work in progress. so i continue to buy the market in any severe downturns. we had the best action three months ahead of the dow and ahead of the g7 meeting, ahead of the summit. on monday morning, we will get to see the fall out of the canadian g7 meetings i don't think i have ever mentioned one before, not even in passing this is not your usual g7 meeting. we know our relations are souring. and they introduce the notion th

david martin runs the cnbc index in which ge remains listed, even though it's no longer in the dow.'re here with us at post nine thavengs for joining us today. >> lovely to be here. >> how they're breaking apart these different pieces of the company, is this what you expected >> listen, we've looked at their innovation for a very long time. i think that protepelled the future, which i should be their new logo it's about ways in which propulsion can be adapted. i think the sleeper that you didn't hear about today is a lot of the military contracts and the marine >> yes. >> the marine systems are things that, i think, they should be talking about. if you look at the next 10 to 15 years, service vessel and submarine will be a huge market. if you look at france, you can see how big it's getting and ge has compelling innovation in that space and you're not hearing about it it's something that will drive a very strong case forward. >> and certainly when you're talking about aviation on the investor call this morning you did say there was strength not only in commercial, but in military. >

anyway we'll see you in a couple of minutes, jim, on cnbc.n moynihan live on closing bell at 4:00 p.m. eastern. e thought it was a fire. e thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. yourbut as you get older,thing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. this is no ordinary coffee. it's single-origin kenyan coffee from the nyeri highlands, 000 feet above sea level. but how do you really know that the beans journeyed to the port of mombasa and across the pacific? that you can trust they're 100% authentic? i

here's your cnbc news update this hour.animous decision, the michigan state board of trustees agreed to pay $500 million to settle the larry nassar sex abuse case through a bond offering the bond also voted 6-2 to keep the interim president. resisting calls for his ousting. >>> lee boyd maflo who was 17 when he weapon on a killing spree in washington, d.c. in 2002 has been granted new sentencing hearings. a judge ruled his four life sentences must be vacated because the supreme court ruled that mandatory life without parole sentence force juveniles are unconstitutional. >>> airbus is warning britain failing to reach a deal on brexit could force to it leave the country and take thousands of jobs with it. about 14,000 people are employed by airbus in that country. >>> hundreds of israeli surfers took to the waves in protest against potential environmental damage from offshore drilling. organizers say 992 people held hands to form this circle off of the coast. that's the cnbc news update at this hour. back to you michelle. >>

i'm melilee, you're watching cnbc first in business worldwide and in the meantime, here's what's coming up on fast >> cable guy >>ab stocks ard according to a top analyst, the move could signal trouble for at&t's bid forime warner we'll explain. and the man behind thatrm is c push will be here to tell us how big the sissbune can become when "fast money" returns see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you thyour options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. it's just complicated. step-by-step options trading support from td ameritrade with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually,duncan got his $500,000 for under $28 a month.

keep it here, you're watching cnbc let's get started. show of hands.tomizable options chains? ones that make it fast and easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that gives you the edge you need. alright one quick game of rock, paper, scissors. 1, 2, 3, go. e*trade. the original place to invest online. >>> welcome back, two and a half minutes left to go story of the day is the ecb decision seen as hawkish announcing they would be ending bond buying program, but committed to keeping rates where they are we did see a pop in the euro numberl l initially, and well over a percent decline in the euro-dollar. dow down 1.7%. lots of hurdles in the start of the week this was one of them, including the fed and others, and yet, they are higher. here's the s&p 500 intraday, higher throughout the day, it's not a big gain, but it is not in the red at any point today, up a quarter percent. the other three, nasdaq and tech sector higher u

"squawk box" >>> good morning welcome to "squawk box" on cnbc. we're live from the nasdaq market site in times square. happy friday end of the week is here. i'm becky quick along with joe kernen and andrew ross sorkin. looking at u.s. equity futures, yesterday was another down day for the dow. a decline of about 200 points yesterday. that brings us to eight losing days in a row. if you get to nine days today, that would be the first time in 40 years that that has happened, all the way back to february of 1978 >> yeah. >> you remember. >> no. yesterday we were up sharply >> one day we saw a few green arri arrows >> but it didn't stay. >> i guess we'll be up today i don't have a high degree of confidence that it couldn't turn around you're back. >> i'm back. >> you got your clothes on. >> clothes on. >> you feeling cosmo >> you're on your way. >> yes yes. >> i think the euro is down. you may get -- >> it was 116. >> it was at 115 i thought it might have been -- >> i canceled a couple of restaurants based on that. downgraded a bit >> one less grade

. >>> good morning welcome to "squawk box" on cnbc.e are live from the nasdaq market site in times square. it's friday. we're ready to go. i'm becky quick along with joe kernen and andrew ross sorkin. it's national doughnut day, andrew is gearing up >> you think it's like a contest. i just enjoy doughnuts you guys can have the contest. you should all eat and drink in moderation >> nathan's. >> it's like the hot og. >> one or two times i just kept eating the doughnuts it's more because i enjoyed them i'm not having a contest >> it's a contest. >> there's no time constraints you have three hours it's not like the hot dog people >> i don't even see doughnuts around >> we'll get them for you. u.s. equity futures, yesterday the markets were back down on concerns of tougher trade talks after the tariffs that were dropped on many of our trade partners >> tougher trade talks and tariffs -- >> i almost threw in trump >> awesome >> yesterday the dow was down by 250 points this morning green arrows across the board. dow futures up by 136 points s

>>> good morning welcome to "squawk box" on cnbc. we're live from the nasdaq nar k market site in times square. joe is joining us this morning as our special guest host. good to see you on a friday. we'll make you work for all of us, tell us what's happening with the markets, with the economy and what you see looking quickly now at the u.s. equity futures at this hour. you can see there's some big upside potential if things stay like they are now. dow futures indicated up by 146 points this comes after a strong day for the markets yesterday. we saw some wobbling in the morning here at this time. the futures actually ended up picking up, and all through the day the indexes were trading higher dow was up almost 100 points yesterday. s&p up by 17 points. that's the best day for the s&p in three weeks this morning the s&p is indicated up by 12 points. nasdaq indicated up by 45. this is the last trading day of the quarter. right now those major averages are lower for the week they are higher for the quarter. we'll see if the dow, s&p 500,

>> we were there in 2012 for cnbc and it's a weird place.ean, it's a little island -- >> that's what you said. like bayone with nho >> it's right next to the port but it's super high end. >> i can be cool too so i'm going to vienna believe me, i'm not going anywhere near opec anyway thanks, brian. >> the hills are alive with the sound of kernen. >> oh, there's adami they're just trying to take -- i'm shocked the show is still awake. this sp like 3:00 in the afternoon for you. >> i was in at 3:30. >> i know you're rigged. you strolled in at 3:57 with your makeup brush in your hand >>now wh is. i'm not going to mention names i was here i was here at 20 after 3:00. all right. >>> still to come this morning, andrew's gone, but h gone far he's going to bring us a live exclusive conversation with famed investor paul tudor jones. plus i will have continuing coverage of today's historic summit in singapore. coming right back. >> a certain time, i will. that will be a day i look very much forward to at the appropriate time and i also will be inviting

both cnbc contributors steve, do you see any merit to this policy? >> free and enon trade is very important to all markets and to our country. but we only have 4% of the world's population and yet 25% of the world gdp in order to grow our economy and grow jobs in this country, we need fair and open trade the problem is the fair part we are the most open market in the world and yet all other nations have tariffs including our allies in china. so the problem is when you go to the negotiating table and you have nothing to trade, the issue is that of course they can say no so i think what the strategy here is to put the tariffs on in order to go back to the table and then hopefully negotiate them all away and have fairer trade. >> a lot of people agree with you, steve, that this is a problem that we have been treated unfairly on trade, that we have seen china steal intake length all property and unfairly put tariffs on u.s. goods. the question though is the president going about it the right way? is this really going to lead to china coming to the negoti

i'm sue herera here's your cnbc news update at this hour. trump saying the supreme court's decision in favor of his ban on travel from several mostly muslim countries is a great victory for the american constitution. his comments came during a meeting with gop congressional members at the white house >> today's supreme court ruling, just coming out, a tremendous success, a tremendous victory for the american people and for our constitution this is a great victory for our constitution we have to be tough and we have to be safe and we have to be secure >>> uber granted a new shorter license to operate in london after a judge said it had made the changes required to be deemed fit and proper. the judge ruling the ride-hailing service could operate in london on a 15-month license subject to strict conditions >>> also in the uk, barry gibb has received a knighthood, saying he hopes his late brothers are proud of him. gibb is the last surviving member of the trio, who are behind such 1970s hits as "how deep is your love" and "staying alive. that is

brent bill, managing director of the jeffries internet team and our own cnbc commentator mike santolient, why are these particular stocks not just in faang, i would include microsoft as having a nice run, apple has done better than many expected with the iphone slowdown is this the case of the strong getting stronger or is there a particular dynamic at work >> thanks for having me. i think the fundamentals remain exceptionally strong you're talking 20 to 30% growth rates across many of the names in internet that we cover. you also look at some of the traditional sectors that have weakened and tech has picked up the slack. lative valuations on facebook and google are at 12 times, a discount to the internet pee group. there's still room between 10% to 20% outside in many of these names, even considering the run so, overall, i think there's a combination of factors that are at work between tech inflows, which was a record last month, $7 billion of inflows, $26 billion flows in most of that wasn there are multiple factors that are at work right now. then you look at m & a you look at micr

in a statement to cnbc, a spokesperson for point72 says contrary to ms.ions, this lawsuit is replete with allegations that are false or based on unsubstantiated hearsay and that she never brought to the attention of firm management point72 goes on to say that the firm was already addressing the underrepresentation of women and minorities with a series of initiatives designed to recruit and support them before ms. bonner was hired but instead of working with us constructively to advance our goals of diversity and inclusion, ms. bonner demanded $13 million and sued when that demand was rejected. >> we were just talking about this normally when you have a whistle-blower like this, it is somebody who is either fired or who leaves the company she is stillpoint72? >> she has been at point72 in the 120 days since she falled this lawsuit from my understanding, she went into work this morning >> couple of other questions they're saying that she asked for $13 million and didn't get it what does she say about that >> her attorney declined to comment on that figure >

my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me every night i come out here for two reasons. the first is i like the attention. and second and more importan

kevin johnson is sitting down with cnbc.hat interview will be on "squawk on the street" at 9:00 a.m. eastern time. >> wow we're following a developing story on immigration big business now weighing in on the trump administration's controversial border policy. jamie dimon in an internal memo to employees obtained by cnbc said separating children from their parents is cruel and contrary to american values. dimon said his heart goes out to those impacted satya nadella sending a letter to his employees calling the policy abhorant and cruel. let's get to washington for more on president trump's trade agenda kayla tausche has more >> immigration is engulfing the focus of the white house now and today it will continue its sales pitch on zte with republican lawmakers midday many of whom believe zte is a national security threat despite the administration securing a deal to enforce some new restrictions on zte but overall restore its business more than a dozen lawmakers plan to attend. the senate overwhelmingly approved a measure tha

>>> good morning and welcome to "squawk box" here on cnbc. we're live from the nasdaq market site in time square joe and becky are off today. sitting in with us, steve grasso good to have you here. >> thank you for having me >> on a wild crazy situation >> crazy markets >> right now >> not this morning, but yesterday. >> it was back and forth u.s. equity futures at this hour, a little bit calmer. dow would open higher by about 17 points. s&p would open flat. nasdaq would open higher by 16 1/2 overnight in asia, we saw selling the shanghai composite closing in bear market territory, down 20% from its high set in late january the nikkei however higher by just a few points. european equities are right now positive across the board, but not by a whole lot let's show you what is going on with treasury yields dow below its 200 day moving average. ten year at 2.88%. >>> and just a few minutes ago, you heard about ge's reported plans to spin off its health care unit and exits baker hughes they will sell 20% and redistribute the rest to shareholders i

cnbc looked at all of the 1% moves.we were down 1% or more there have been 17 this year looking at the headlines on those days, eight of them were trade related creating a loss in the dow of 3,258 points. today would not count, by the way. but now let's look at the positive days of which there have been 19 1% or more moves this year of which 5 were trade related costing 2,122 points so net negative on this and by the way after i did my report this morning i got an e-mail from the folks at renaissance mac macro. look at what they had to say scrubbing macro-news headlines, we estimate that absent trade tensions the s&p 500 would be about 70 points higher this year so there's some up and some down but ultimately trade is leading to a negative when it comes to the markets here >> steve, stay right there with us let's bring in cnbc contributor jimmy pathakukis for more on this jimmy, it does seem after what happened this year the white house is paying attention to the market and reacting. you know, maybe tweaking its policy

that's the cnbc news update at this hour. back over to you. >> terrifying.hank you. >>> let's check in on markets at this hour. dow's moving between gains and losses, but as you can see the s&p 500 and nasdaq carving out small gains. the russell 2000 hitting a record intraday high some movers, shares of dave and busters are soaring. the restaurant chain beating earnings estimates their ceo retiring august 5th. the cfo, brian jenkins, will be taking over. the stock is up 15%. talk about a big winner, shares of restoration hardware also soaring on a profit beat revenue fell below forecast but the retailer gave a strong outlook for the current quarter. squeezed all the shorts in the stock. by the way, jim cramer will be speaking to restoration hardware ceo tomorrow on "mad money" at 6:00 p.m. eastern time up 33% right now melissa? >> staggering. >>> the video game industry is red hot right now but the model is changing. the most popular game fortnight coming from a smaller developer. how are the big dealing wi these challenges? julia boorstin joins us with the

. >> crazy to the upside joining our closing bell exchange to react, rob morgan, and cnbc contributor, peter costa, and our own rick santelli peter, i mean, do you take what he says at face value, and how do you -- the market today, we still have the dow down 53 points now, and most of the weakness came recently >> right well, he's -- you have to remember something, he's one of the smartest guys that's been in the hedge fund industry. i respect everything he says i do think we're going to have a softer summer and fall, and i think going into the midterms you're going to see rates go up, which i think happens, and market rallies through the end of the year. it's not higher from where we are, and not the softness summer usually third quarter earnings come out in september, october, and after we get through that period of time, the market is -- i don't think we're going to do as well as he thinks we're going to do, but i think we'll have a rally at the end of th >> rick, he also said we need to see rate hikes because at the moment there's distortions pointing to the fact that companies a

you can argue still is i got a $50 model that i wear all the time >> there you go. >> let's have cnbcpdate with sue herrera. >> hello guys, president trump's campaign manager is going to jail the president is tweeting quote "very unfair." >> tampering charges and sending him to jail before his new trial gets underway. two months before bill cosby fired his legal team including the high-profile attorney. >>> kelloggs is recalling over a million cases of honey cereal. some boxes can link to s salmonella >> steven hawkins' ashes were buried over the memorial service at west minister abbey >> you are up to date at this hour kelly and wilfred, back to you >>> a frequent guest on cnbc, stephen wood has passed away at 51-year-old. everybody that knows steve knows that he's so much younger than that our thoughts are with his family and friends. i was just talking to him about emerging markets a couple months back it is absolutely tragic and we are sorry to hear it agn r staioube wishes to his friends and family we'll be right back. at nizant, we're turning the industry known for processing cl