. >>> welcome back thanks for joining us on cnbc.ivan is off today. landon dowdy has the top headlines. >> good morning. here's what's leading cnbc.com president trump inviting russian president vladimir putin to visit the white house this fall. sarah sanders confirming the invite in a tweet. russia's envoy to the u.s. says putin is open to a visit. >>> shares of microsoft spiking in the premarket the company reporting better than expected fourth quarter results thanks to its cloud business microsoft upping its guidance for the current quarter. >>> and skechers plunging after reporting a big earnings miss. the company also taking down guidance for the third quarter shares of skechers are down about 25%. back over to you >> thank you, landon dowdy now to that big interview that has all of wall street talking today. president trump ripping into the fed during an exclusive sitdown interview with cnbc. the president saying he's not thrilled with rising interest rates. here's what mr. trump, the president of the united states, told our ow

at cnbc global headquarters. google delivers a blowout quarter. the big numbers behind the big on win. that beat propelling the tech sector to new highs. >>> what trade war what china's market seems to do that says maybe we're not that worried after all. >>> gold alert something happened to the yellow metal that could be red flag. >>> and goldfish, the big recall you need to know about it's tuesday, july 24th. "worldwide exchange" begins right now. ♪ >>> good morning welcome from wherever in the world you may be watching. i'm brian sullivan so glad you joined us on "worldwide exchange. here's how your money and the markets look on a rainy tuesday in the northeast it's not that overcast in the markets. dow futures indicating a jump of 86 points at the open. s&p as well. nasdaq up about 54 points. all of this may be related to you're t your top story alphabet's blowout quarter, revenue of more than $26 billio coming in ahead of most estimates. the ad business jumped 24% shares soared higher after hours, up 4% google is now closing in on a $1 trillio

at cnbc global headquarters. here are the five big things you need to know. >>> trump and putin be darned, why it could be another record day for your high-tech dollars >>> european regulators set to fine google $5 billion over its android operating system more on this developing story in moments. >>> the ceo of one of america's biggest technology companies is out after sixweeks on the job. >>> jay powell heads back to capitol hill >>> and united airlines may have given investors the all clear to buy airline stocks again it's wednesday, july 18th. "worldwide exchange" begins right now. ♪ >>> another great band defined by its worst song. welcome. i'm brian sullivan it's great to be back with you it's a big day on cnbc it's the delivering alpha conference big names like larry kudlow, mark lasry, we'll have much more on the delivering annual conference in a few moments. and it may be a good day for you and your money stock futures are slightly in the green. all eyes are on the nasdaq, not the dow. it's all about the

president trump ramping up the trade war rhetoric in an interview with cnbc. the question now, do we face a currency war as well >> i'm contessa bruer in portland, north dakota where they find themselves scrambling in the markets after getting caught in the middle of a trade war between the united states and china. >> president trump doubling down on his criticism of the federal reserve today, and i'll look at the potential implications of politicizing the effect. >> and the incoming ceo of state street says there's one thing that could damage the u.s. economy. "the closing bell" starts right now. >>> good afternoon, everyone happy friday welcome to "the closing bell." do you know what i'm most pleased about, sara? >> i have no idea. >> your foot is so much better you were unable to walk on monday, you were limping >> and now i'm back in heels >> we'll get to all those stories from the headlines in just a moment. but first let's check in on the markets. the dow swinging more than 130 points intraday. it is currently flat the s&p and nasdaq also flat the russel

is presented by cnbc and institutional investor. in becky qui i'm becky quick along with joe kernen and andrew ross sorkin. we have a big lineup of speakers at the conference including national economic council director larry kudlow. also mary erdoes, we will also hear from former white house strategist steve bannon. he will wrap things up for us this afternoon and this morning marc lasry will be joining us at 7:00 a.m. eastern time >> markets are still happening, even on -- i thought they would take a pause, they're not. let's check the markets on delivering alpha day now up 28 points on the dow. up two on the s&p. nasdaq indicated up 3. let's look overnight in asia i saw some mixed results over there. yes pan is up a half point hang seng and shanghai down. in europe, saw some positive action earlier see whether that is still the case with all the general news backdrop it's just the normal news cycle. >> the new normal. >> the new normal. >> that was smart when he coined that phrase. >> works in a lot of different situations it's n

direction at the open as investors digest president trump's unprecedented swipe at the fed he tells cnbc he doesn't agree with the central bank's plans to hike rates >> i'm not thrilled. we go up, every time we go up they want to raise rates again i'm not happy about it, but at the same time i'm letting them do what they feel is best. >> chinese stock markets reverse early losses to close higher >>> italian assets underperform with the spread between italian and german yields widening amid talk of internal government tensions in rome. >>> and skanska stock sinks as a writedown drives a bigger than expected decline in second quarter operating profits. >> we are not satisfied at all with the margin, construction margin we are underperforming overall we do have some good performance where we are at levels that we should be at we are underperforming in the u.s. operation >>> good morning there's not a huge amount of direction across european markets so far this morning. the stoxx 600 is very, very slightly trading below that flat line if we look at the individual markets, the major four indi

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you're watching "squawk" on cnbc ♪ >>> good morning and welcome back to "squawk box" here on cnbc we nasdaq market site in times square two components out with quarterly numbers this morning procter & gamble were 4 cents above estimates. however the stock is selling off. revenue short of forecast. organic sales growth only up 1%. it was expected to have growth of 2.3%. company cited a, quote, dynamic environment affecting the cost of operations and consumer demands in categories against highly capable competitors a whole list of shoulds or things we're going to do to meet these challenges we will continue to drive cost and cash productivity improvements and demand creation programs a a long list of things they're going to do to turn things around >> and they're affirming the idea their organic growth will be for 2019 looking okay it's also a matter of whether investors believe it, that they can accomplish it. >>> also pfizer. pfizer's earnings were 7 cents above forecasts. revenue also above forecast. pfizer raised its full year earnings outlook even though they said it would be impa

on twitter he reiterated comments that he made to cnbc that china the eu and others are manipulating their currencies and interest rates lower while the u.s. is raising rates while the dollar gets stronger every day, taking away the u.s.' big competitive edge tightening hurts all that we have done and that the u.s. should, instead stead, be able to capture what it lost. sending the dollar index down nearly $1% and as one investor put it, shielding china that two can play that game after the people's bank of china moved the yuan for the biggest one-day devaluation in two years and after china's trade surplus in june touched a record stephen mnuchin just spoke to traders in buenos aires saying the strong dollar is still important for the u.s. in the long term and that he is closely monitoring the yuan weakness for manipulation devaluation is just one of the tools that china is using to soften the blow of tariffs and lowering reserve requirements for banks and freeg ing up capital. president trump told cnbc that he feels empowered at home thanks to the cushion from the stock market. >>

you're watching "squawk box" here on cnbc we all want to know about the new thing.new thing. with xfinity's retail stores, you can now see the latest. want to test drive the latest devices? be our guest. want to save on mobile? just ask. want to demo the latest innovations and technology? do it here. come see how we're making things simple, easy, and awesome. plus come in today and ask about xfinity mobile, a new kind of network designed to save you money. visit your local xfinity store today. >>> mortar i haves on chinese products go into effect tomorrow and china isn't taking it sitting down 25% tariff expected on u.s. so i bea soy beans. joining us is eric bransted, chief aide as secretary to wilbur ross. good morning to you. >> good morning. welcome. >> there's so much to talk about when it comes to trade i don't know if we want to go to directly to what's going on in europe, overnight the automobile industry, but let me ask you sort of broader topic question, which is, and joe and i were going back and forth on this there's clearly inequities that i think every

as it sees its second quarter earnings boosted by higher oil prices but the energy giant ceo tells cnbc there are jitters in the market >> it's a nervous market you have uncertainties in what happens with iranian sanctions, sale of iranian crude. tensions in the middle east. venezuela is a humanitarian tragedy, but also could have impacts on the oil markets >>> flying high. lufthansa and thomas cook shares soar after the carrier delivers an updebeat outlook >>> and jpmorgan boss jamie dimon tells cnbc the growing trade dispute between the u.s., china and the unwinding of easy money pose the biggest risks to the economy. >> i don't want to scare the public, but we never had qe, reversal regulations are different. monetary transmission is different. >>> hello. welcome to "street signs." another busy day of earnings to bring you. overall we are looking at a mixed picture for europe mee eu equities stoxx 600 is flat. we did get a negative lead from wall street again. a mixed session in the asian session where the boj was part of the focus let's show you the sectors on the wall looking at th

. >>> good morning, welcome to "squawk box" here on cnbc. we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli. guest is carrie firestone. let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could he mod at this close higher the nikkei was up by .7 of a percent. what is going on in the europe government sand. we are seeing the ftse up by .2 of a percent taking a check on treasury yields $69 billion in supply hitting the market the ten year note at 2.869%. the ten-year note at 2.869 note. the wo-year note at 2.569%. >>> president trump making his much-awaited announcement to replace justice anthony kennedy. >> tonight it is my honor and

at cnbc global headquarters and here is your five at 5 blasting theresa may's brexit plan as he visits the uk the justice department will appeal at&t merger with time warner and a missouri jury ordering johnson & johnson to pay a record $4.7 billion over allegations its baby powder causes cancer. wes bush is stepping down and mcdonald's pulling salad from the menu after reports of people getting sick we have the full details ahead it is friday the 13th and worldwide exchange begins right now. >>> good morning, welcome to "worldwide exchange. don't be afraid of friday the 13th we're here and we have you covered. a quick check on the markets a slightly higher open right now. dow jones industrial average higher than ten points and slightly higher on the nasdaq. higher by 11.5 at least at this point in the early going in asia it was mostly higher overnight. the shanghai composite down 10% and shrugging off any trade wars going on take a quick look at europe. europe, of course, higher today and that continues what we saw yesterday. right now the ftse 100 is the leader higher by more than 1%

ambassador to nato and cnbc contribut contributor. good to see you.ng about what's at stake here, what's on the line for russia, what's on the line for the united states, ambassador >> i think this relationship is at the lowest point in 30 years, no trust, very little communication. go good, i think that they're meeting today. there are lots of issues that divide us. i don't expect major progress on issues barring surprises from president trump and president putin, but a lot on the line. >> the question is what comes out of the summit today. he wants the u.s. to soften or reduce sanctions a move would cause dismay here in the united states, especially after the justice department's indictment of 12 russian officials. >> right we have sanctions, the eu and the u.s. over crimea and the nerve agent attack in the united kingdom. and third, of course, the senate voted last summer 98-2 to am impose sanctions over the interference in the election that got more complicated for both leaders with the indictment of 12 russian officials. what to look for today, d

/china trade tussle. >>> a big day here on cnbc we're revealing our top state for business cnbc rankedates for competitiveness across ten categories find out which takes the top spot that's coming up on "squawk box. looking forward to that. dom, seema >> absolutely. a big day. i've been guessing north carolina. >> maybe >> market action futures indicating another rally point today. the dow would open up by 50 points the s&p by 4 and nasdaq by 25. on the treasury side of things, the ten year treasury note is ticking slightly higher. the last trade there, 2.86%. the two year 2.57% as well on the oil side we're seeing a rally on wti and brent crude that's up by half a percent. the ice present crude up by $79.14 >> let's pivot to asia where stocks went higher south korean kospi, hang seng and japanese anything kay higher early trading in europe we're seeing gains as well as the nato meeting in brussels kicks off. german dax by .1%. gains in london and italy. >> let's discuss the markets further. joining usis jack calf ri. he -- caffery. we've been speaking so much about all of the risk tha

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we are live from cnbc. institutional investors delivering alpha conference. one topic important to a lot of people here, retirement and pensions in an environment where it's harder to see bigger returns, how are pension managers delivering alpha mark, it's great to see you again. one way you're trying to deliver alpha is be out of hedge funds you zeroed out a year ago completely so when you get into a room filled with fellow pension fund managers, are you an outlier >> i used to be much more of an outlier. more and more seeing what took place over the last five or ten years is that hedge fund industry is destroying enormous value for institutional investors. the stock pickers, which is about half of that crowd, kind of suckered investors into following a benchmark that makes no sense once you compare them to equity markets, they underperformed by 150 basis points and the other half, the derivative book guys, we should expect equity type returns. >> you were completely out a year ago but this is a market environment where being a stock picker wasn't a good thi

one pill a day, 24 hours, zero heartburn. >> heeshz your cnbc news update this hour. the white house confirming that president trump has asked john kelly to remain as white house chief of staff until at least the presidential election in 2020 the news comes as kelly mark his first anniversary on the job and amid rumors of his imminent departure. >>> turkey's state-run media says a court has rejected an american pastor as appeal for his release from house arrest. last week president trump announced possible sanctions against turkey for its treatment of andrew brunson. cummins says it has agreed to recall 500,000 trucks with its diesel engines due to faulty pollution controls it affects 2013 through 2015 model year ram 2500 pickup trucks the epa says it's the largest ever voluntary recall of trucks due to emission problems >>> and take a look at this. a paddle border in massachusetts had a close encounter with a great white shark, and he didn't even know about it it happened sunday when a photographer who was flying his drone over the water took these pictures of that c

my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet mejimcramer. this market has been shot. [ gunshot round up the usual suspects. for the younge

welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square.quick along with joe kernen and andrew ross sorkin. let's look at the futures. after a mixed day yesterday, you will see this morning that the nasdaq is coming under severe pressure down by 53 points below fair value. thank netflix and amazon prime for some issues yesterday. s&p futures down by 4.5 points the dow indicated higher again it was bank of america that powered things for the dow yest

i'm sue herera here is the cnbc news update.t for deputy attorney general rod rosenstein by the house leadership. this after a group of conservative house members moved to impeach rosenstein. we begin with house speaker paul ryan >> do i support impeachment of rod rosenstein no i don't we shouldn't be cavalier with this process or term number one, number two i don't think that this rises to the level of high crimes and misdemeanors, from a really high standard. >> rosenstein is a republican appointee. he is appointed by the president of the united states and the attack on rosenstein of course is an attack on the mueller investigation. >> about 80 oh migrants stormed border ens fesses separating northern spain from morocco to get into europe. they cut holes in the fence as threw skin irritants at police officers trying to hold them back 132 migrants were hurt in the charge. >>> you are up to date that's the news update for this hour. back to you guys. >> thanks much, sue. >>> the oil market closing for the day. let's get to jacki

. >>> good morning everybody welcome to "squawk box" on cnbc. we're live from times square i'm becky quick with andrew ross sorkin here to cover this historic meeting with president trump, we have nicholas burns, former u.s. ambassador to nato, and fred kemp, the ceo and -- thank you for being here today. >> we'll talk about the summit in a moment. but first, vladimir putin just arriving in helsinki president trump is set to arrive shortly. later this hour, they'll begin a summit that is expected to last 90 minutes we'll bring you more as it happens. >>> a check on markets the u.s. equity futures. indicated higher after two weeks of gains the nasdaq closing at a record high on friday you can see the nasdaq indicated up another 13 points the dow futures indicating up by 35 points. the s&p futures up by 1.5. >>> over night in asia, japan's nikkei was closed for the marine holiday. growth came in at 6.7% that met expectations. but it was down a tenth of a percent from the first quarter print. the hang seng was relatively flat the shanghai composite

he's also a vanity fair correspondent and cnbc contributor. being here we knew this news was coming it was advertised pretty clearly it was going to be david solomon. was that the right move for the bank >> it came down to the choice between david and harvey because david cohn had gotten up and left and went on to become economic adviser one wins, one loses. i think they made the decision that david was the right person and the board endorsed that. harvey called the question with the board, found out it wasn't going to be him. left in march, leaving david as the sole heir apparent it was just a question of when he was going to leave. >> david is someone from came from bear stearns? >> yes he's chief second in command it's sort of like a bear stearns takeover of goldman sachs. >> speak to this how do you think the firm is going to change and transform itself under david's leadership? >> i think that's a great question it goes back to september 2008 when goldman sachs became a big holding company along with morgan stanley i think that changed in

. >>> bp shares jump after the company reported a 300% jump in profit and jamie dimon tells cnbc what he thinks is the biggest risk to your money it's tuesday, july p31st, "worldwide exchange" begins right now. ♪ >>> we're not perfect, but we try. great song good morning, good afternoon, good evening from wherever in the world you may be watching. so glad you're with us to start your tuesday here's how your money and the global marketing are setting up their day. this is after yesterday's big losses for big tech stocks the f.a.n.g.s down again for the most part. the dow down 144 points. futures this morning are holding up better today. they're flat to slightly higher. the dow is up 18 these are tiny moves we have a long way to go there's been a lot of nervousness out there because the nasdaq has fallen more than 1% for three sessions in a row people are wondering is that massive run for the f.a.n.g.s and a few tech stocks finally coming to a multi-year close we'll have to wait and see let's check on how those names are trading. they are higher mildly facebook which was down 22% in a c

the name to remember. >>> welcome back to worldwide exchange don't miss cnbc's 8th annual deliveringwednesday july 18th. high profile speakers include white house economic adviser, billionaire investor and more and more information head to delivering alpha.com for all of the information. >> really big conference let's check in on the early market action. futures are indicating a higher open that would be a reversal when the dow closed lower by 200 points indicated higher by 147 points the nasdaq and s&p 500 also pointing to a higher open. let's see if we can hold it until that opening bell sounds the paul, thank you for joining us here today. we asked our earlier guests but have to ask you as well because you follow market trends so carefully are we still following the same pattern and the next day we forget about it and move on. >> that's the play book you want to move on we've seen the gaps early in the market daily opens have been all related to trade and usually within a couple of days we have recovered background if not that day. it's more bark than bite for each of these indivi

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in an interview with cnbc, the president is not thrilled with the federal have you ever been interest >> i don't necessarily agree with it because he's raising interest tes, i'm not saying i agree with it. i must tell you. m not thrilled. up and everti,me they want to raise rates and i don't really -- i'm not happy about. but at the same time, i'm betg them do but thi i work that goes into wha euro a that i wld b houe somebody sdbe >> it is kind of rare that the presidentwo interviews,on with cnbc. we should point out proceeding rarely step isn't when itom ces picaty y set the baseline, he to prevent inflation but it could trigger ass recen, the fedssed interest rates and expected to raise they will twoo themes before the end the 2018. >>> told youo the european union slapped a 5 billion fine, they totally taken advantage of u.s. i got to imagine amazon, he be cool with it. if you'rede wonng why google was fine, smart phone operator to preinstall search and browsel aps orosee access to the onlin store and streamingce s, apparently, you can't d that in the eu. it was somewhat similar t

at cnbc global headquarters.>> trump and putin be darned, why it could be another record day for your high-tech dollars >>> european regulators set to fine google $5 billion over its android operating system more on this developing story in moments. >>> the ceo of one of america's biggest technology companies is out after sixweeks on the job. >>> jay powell heads back to capitol hill >>> and united airlines may have given investors the all clear to buy airlin

but make sure that you tune into cnbc when we'll hear from the newly appointed british foreign secretary. now two of the antiimmigrati-imn ministers have met they held bilateral talk where is they discussed reducing migration into jurors and reinforcing the external borders. he said he had found an ally. >> in italy and germany a part of friendship begins we share the same objectives we'll be asking by true support to control the external boarders and to change european naval regulations. >> and total sales at asos rose 22% in the first four months of 2018 below expectations. however the british e-commerce firm reiterated it's guidance for the full year passing between 25 and 30% and now expects pretax profits between 101 million pounds in line with consensus. n norwegian air saw a profit of $300 billion despite predicting a loss for the quarter they have been singled out as a takeover target but the company has so far rejected aig's advances and aker posted a slight beat on the top and bottom line. the oil and gas industry service provider pick up in first half orders but said there wil

u' wchg quk x" on cnbc are you ready to take your wifi to the next level?way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> a change in the executive suite just announced at dunkin' brands nigel travis is retire david hoffman will succeed him as ceo change is effective immediately. dunkin' brands has been an outperformer relative to the s&p 500 for the past year. it's up more than 30%. and it's worth noting that hoffman was a veteran of mcdonald's he'd been there 22 years he really oversaw overseas expansion in high growth markets. that's an interesting fit in terms of capabilities. >> yes and the franchising business which obviously is part of the whole dunkin' model there. and of course dunkin' publicly targeted by jim chanos as a short. dunkin''s winning that argument right now. now they're making a leadership change >> it's a coffee vendor. >> entirely. >> t

that's the cnbc news update at this hour. melissa, back to you. >> scott, thank you. >>> stocks are moving lower. dow is down just about -- actually it's about 87 points right now. lower for the first time in six sessions nasdaq on pace for its first back-to-back losses for the month of july. commodities are also on the move comments from saudi arabia, gold hitting its lowest levels, trading in correction levels, copper falling to its lowest level of the year. we did see a little bit of a move off session lows across commoditiy ies sector here. >> thank you, melissa. big breaking news in the past hour, joe kearnen speaking with the president at the white house, wide ranging interview from trade to russia, to the president's take on the federal reserve and the man he put in charge of it, chairman jay powell. >> a good man in the fed i don't necessarily agree with it he's raising interest rates. i'm not saying that i agree with it and i don't necessarily agree with it. i must tell you, i don't ooup not thrilled because we go up

. >> thank you >>> coming up, president trump's comments to cnbc about the fed, the trade war, and russia. the full interview is next in case you missed it at 6:00 and we'll get reaction from democratic senator heidi heitkamp want to ask her about kavanaugh. "squawk box" will be right back. but which ones target your goals? it's not about quantity.

gdp 4.1%, exactly in line are the cnbc rapid update. and the second quarter -- first quarter revised up by 0.2 to 2.2% from 2% now let's look at all the components of gdp. the first is exports surging, that's part of the better u.s. economy. also maybe some people exporting stuff to get in front of higher tariff prices. business investment also doing quite well 7.3% the consumer doing very well that 4% number is very good for the consumer maybe that was the tax cut money, the additional money they got from tax cuts. we'll see if they can continue at that pace government spending also doing quite well, driven substantially by defense spending. and housing is down 1.1%, the real laggard in the economy. turn this on its head and we'll look at the contributions to gdp. you add up those numbers across the top and that's how you get to 4.1 the consumer added 2.7 percentage points. trade also doing quite well. government doing its part. business investment up 0.9 and inventories are down here's what's interesting. on the right-hand side of the

welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. it is jobs friday. the forecasters are looking for an increase of 195,000 non-farm payrolls the unemployment rate is expected to hold steady all the way down to 3.8% let's look at the u.s. equity futures. despite the beginning of the tariffs being placed on chinese goods by the united states and on u.s. goods by china, you can see that the futures are down, but not by a lot looks like the dow is down by 41 points s&p is off by 2. nasdaq off by 3. this comes after a positive day for the markets yesterday. dow was up 181 points yesterday. s&p up by 23 the nasdaq up by 83. let's look at what happened overnight. the hang seng was up by a half percentage point so was the shanghai. in japan, the nikkei was up by 1.1% let's look at what's happening early this morning the trading that's already taking place in europe for the most part you see green arroei arrows finally looking at treasury yields the ten-year, 2.58%. >>> president

we'll talk to the cfo of wells fargo in a first on cnbc interview. >>> i'm michael santoli. at any time downgraded today >>> i'm wilfred frost in london where it has been a roller coaster day for the president. he started by undermining his host the prime minister and then backtracked and promised her a free trade deal. onto tea with the queen all against the backdrop of record protests against him a full summary coming up as "closing bell" starts right now. >> wilfred opening for the clash. >> welcome to "the closing bell." we'll get to all those stories in a moment but first a check on the markets. dow best in five s&p 500 breaking that 2800 mark. first time we've seen since march. a close above that would be significant. >> meanwhile let's begin today in washington and the sudden news of those indictments of those russian intelligence officers kayla with the details. >> it is the second round of indictments related to criminal hack of democratic campaign servers during the 2016 election these officers allegedly sent malicious links to democratic employees and obtained pas

that's the cnbc news update at this hour.send it back over to you. >> almost grossed out. >> something horrible seeing teeth on their own like that >>> it is the final trading day of the month time for our check in we do monthly with main stream investors. guys, thanks so much for joining us so, wayne, we are looking at this market. s&p set to have their best month since january. how up beat are you on stocks overall? >> it's just confusion to me it used to be i used to wake up at 4:00 in the morning and look at what the markets look now i don't even bother. it's like every day it's basically up and down, flat line and, you know, the recent uptick is good to see, but with emoo i'm just staying 60% cash, and maybe going 30% into stocks like apple or buying stock options like stm or nxpi or even looking into emerging markets for opportunities. i've taken some buys into firms like tiki health care and these are firms in emerging markets. but i see a little bit more excitement down the line there than anything here at this stage.

welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and mike santoli. we have that special interview joe did yesterday with the president. very quickly look at the u.s. equity futures at this hour. you will see things are relatively flat. markets were down yesterday. dow was down by a half percentage point this morning the dow looks down, only by 2.5 points s&p is down fractionally and the nasdaq is indicated up by 30 points look at treasury yields. we've been watching that and the ten oversitting at ten-year sitting at 2.85%. rates came up in your interview yesterday, joe >> yes >> and those who control the rates. >> i remember -- there are certain things that are -- i don't know if they're predictable, but he's a real estate guy so -- and i remember prior to him taking office he talked about the bubble it's a big bubble. rates are too low. >> and told us he didn't like higher rates >> he did. but you knew it would switch from it's a bubble and it's because of the fed to it deserves to be here bec

eastern right here on cnbc looks like another good one. dow is up 103. the street" right after a break. with the new chase ink business unlimited card i get unlimited 1.5% cash back. it's so simple, i don't even have to think about it. so i think about mouthfeel. i don't think about the ink card. i think about nitrogen ice cream in supermarkets all over the world. i think about the details. fine, i obsess over the details. think about every part of your business except the one part that works without a thought your ink card. introducing chase ink business unlimited with unlimited 1.5% cash back on every purchase. chase for business. make more of what's yours. >>> as tech stocks near correction, financials are on the rise jpmorgan ceo jamie dimon joined cnbc for an exclusive interview, warning the u.s. government policies could pose a threat to the overall market listen. >> it is trade if the skirmish becomes more of a war. i would say -- i don't want to scare the public, never had qe, reversal, monetary transition is different. government borrowed too mu

cnbc has reached out to nevro. we'll share what we learn. >> thank you for that.e on that coming up in the next hour. but let's get back to the close. kudos to jim kramer. the nasdaq is the one that traded off the most and ending the day slightly higher. the big cap indices a slightly better picture the russell down a full percent. if you look at the sector performance you'll see you tilts at the bottom. the positive stocks most notably or commodity related materials and energy is higher teleco is also high at the moment looking at the two year over a decade because we did see yields hit a ten year high from the two years. and that yield move. >> sekt conductors as bertha noticed notably weaker we had a slightly elevated tone in the earnings conversation about the commodity costs, the stronger dollar, overall higher costs. we heard that from whirlpool, from kimberley clark anything that has paper and input costs and commodities a little bit more of a concern but overall pretty good on the earnings exxon and chevron were a big help in the dow jones industrial today

stay tuned, you're watching "sawbo oquk x"n cnbc or is it?his farmer's morning starts in outer space. where satellites feed infrared images of his land into a system built with ai. he uses watson to analyze his data with millions of weather forecasts from the cloud, and iot sensors down here, for precise monitoring of irrigation. it's a smart way to help increase yields, all before the rest of us get out of bed. >>> time for the executive edge. a round up of some sweet moves lululemon appointing calvin mcdonald as its new ceo. he will take the helm next month. >>> john malone retiring from the board of charter communications malone says he wants to cut back on travel and focus on fewer board positions. he will become the director emeritus >>> and the head of amazon's film division is also leaving the company. the tech giant has not specified why he's leaving, but he will remain a the company for a few months during the transition period >> i'm adding two items. one is the ritz crackers story this whey protein. it's not really that these are r

so call me at 1-800-743-cnbc, or tweet me @jimcramer. nuts and bolts matter. what

on cnbc, whyjeff bezos and bill gates both do this mundane chore.net both do the dishes each night. studies have found that it can reduce stress and boost creativity. on business insider: fortnite — a free video game — is a $1 billion money machine. it says the game has generated more revenue than several top blockbuster movies last year, including jumanji and spider man. it makes its cash from in—game purchases. and don't forget, let us know what you're spotting online. get in touch. use the hashtag, #bbcthebriefing the number of recorded offences for stalking has trebled in england and wales in the past four years, according to home office data. police say the rise shows they're doing a betterjob at reporting stalking but, as ali fortescue reports, the rate of prosecutions has fallen to a four year low. you may not be able to see her scars but being stalked has left a mark. the mum of four from but being stalked has left a mark. the mum of fourfrom your but being stalked has left a mark. the mum of four from your collector ex—partner five years ag

for business you're watching "squawk box" on cnbc whoooo.ooking for a hotel that fits... ...your budget? tripadvisor now searches over... ...200 sites to find you the... ...hotel you want at the lowest price. grazi, gino! find a price that fits. tripadvisor. >>> welcome back everybody movie pass says that it will refund users who were affected by an outage on friday night while the issue has been fixed, the company will reimburse customers who paid out of pocket for tickets. subscribers will need to send movie pass a message that includes their ticket stub. >>> rolling stones keep raking in the dough the iconic band is extending their ten-year deal with universal music. the deal includes audio and video catalogs and global merchandising of the stone's famous tongue logo >> that's mick jagger's tongue >> he bit off a piece. details are hazy either in a basketball accident or gymnastics accident >> bit off a piece on the end? >> lost part of his tongue by biting it off by accident. >> not reflected in the logo, though >> no. it looks like a co

dan loeb made some comments yesterday in a letter picked up by cnbc.said he's still constructive on the markets thinks the growth will be there. says the one thing to really watch is the federal reserve would you agree with that? >> i think it's right. the reason to watch the federal reserve at this point, we know we've got increased deficits there's going to be more need to add. you've got this mismatch between supply and demand. thang could push treasury yields higher we've been in this area of quantitative easing for so long, that's all changed and i think that's got implications for markets that will last for years. i think 2019 could actually be a much more difficult year for the markets because we'll have slower earnings growth, right? because the growth rates are going to slow simply because the year oth comps are -- >> so you're positioning yourself for that or you don't even try >> you want growth in an environment where earnings growth is slowing, you want own growth you want to own small over large. you want to own companies that have the ab

you are watching "squawk box" right here on cnbc.ors look for in an etf? don't just track an index, help me meet a client's need. is the fund built to sell or built to last? etfs are only part of a portfolio. so make it easy to explain. give me a quality fund that helps me get clients closer to their goals. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> "squawk box" in washington. we've heard from commerce secretary wilbur ross. do you see positive signs coming around >> yes, definitely positive signs. >> president trump's top trade adviser, peter navarro. >> if we can get that right, it'll have very strong positive implications for the american economy and the global economy. >> and ivanka trump. >> because ultimately we want business to step up to the plate. >> and the news makers continue with budg

. >>> president trump's former adviser steve bannon tells cnbc it's time to confront china and says the country's trade policies gutted many local economies around the world >> a trade war will end in victory. what you will see is a reorientation of the entire supply chain out of china. >>> good morning as mentioned in the headlines, it's been a flat day for traders so far the stoxx 600 is down around a quarter of a percent so far. if we look at the individual markets behind that number, you can see why that is the case three of the four major indices are in the red with the ftse mib trading at the flat line the cac 40 down 0.57%. the ftse mib down 0.01 you can see banks and insurance sectors are in the positive. oil and gas above the flat line. we'll look at oil and gas later on basic resources down 1.7%. you can also see that media and chemicals also trading pretty poorly now let's talk about another sector a truckers strike in brazil alongside weak pricing hurt unilever's second quarter sales. they missed expectations the consumer goods group said overall market conditions had been c

. >> for cnbc, does a survey of cfos of major u.s.panies and 65% have reported that they fear u.s. trade policy will negatively impact their firms over the next six months how does the administration think about business uncertainty as it calculates its trade poli policy >> mr. chairman, i can assure you that the president is very much focused on economic growth and i can also assure you that i am monitoring the situation very carefully. >> we have not yet seen any negative impact, although as you've said we are monitoring carefully the impact on uncertainty on investment. >> there is a negative impact on one company in particular. harley davidson. the secretary was asked about that situation in particular and the president asked harley davidson after the company made the announcement that it would be shifting production outside the u.s., the president asked for the company not to do that he didn't know what the end result of that conversation was. but interesting that that happened finally, i also want to let you know he was asked ab

wendy's and papa john's tell cnbc they don't xhechcomment on rumors or speculation.a john's has roughly 1$1.8 billion in revenue last year but same-store sales have been falling for several quarters as customers are switching to cheaper rivals wendy's once owned arby's, tim ha horton's and baja fresh. wendy's has reported 21 straight quart eers of higher same-store sales in north america papa john's closed up on the record yesterday >> we'll see if that has anything coming of it. >>> ibm's revenue beat forecasts on newer and higher margin businesses like cybersecurity and cloud. ibm has jumped for three straight quarters after falling for six years straight. >>> american express had better than expected second quarter numbers on loan growth and higher spending on cards they had to set aside more for bad loans which may be a sign that customers may be struggling to pay bills. >>> ebay's third quarter forecast underwhelmed many shareholders, and it has slow sales at its stub hub unit ebay shares down more than 5% after hours. >>> more to do and on deck the one american

now. >> excellent hopefully he comes back for later. >>> meanwhile, in an exclusive interview with cnbcan ceo jamie dimon warning of unprecedented risk in the market listen here. >> it's trade if the skirmish becomes more of a war. i would say the reverse qe, i don't want to square the public, never had qe, never had reversal regulation is different, monetary transmission is different. governments borrowed too much debt people can panic when things change it is changing, we tell you it is changing, we know it is going to change. what happens, it might have some effects people don't expect and it is bad policies you know, bad policies lead to bad outcomes >> someone who's also focused on this unprecedented policy, rick santelli hopefully he isn't scaring the public rick, take it away for the santelli exchange. >> never about scaring the public, mike, it is about keeping the public in the know exactly how it turns out, good, bad, indifferent, remains to be seen and insiders, meaning people on trading floors, people running managed money, in brokerage, viewers on cnbc, this is not a new to