at cnbc. a wall street whiplash the global rate race to the bottom triggering some of the most wild swings in stocks in a year could today be round two >>> recession red flags. bond yields at yesterday's session lows sending their strongest warning sign since the financial crisis does that mean a slowdown is ahead? >>> a flight to safety, it's not just bonds gold soaring on pace for its best week in 3 1/2 years can you still make money in the world's most popular medal >>> trouble in the oil patch oil stocks continue to fall and investors can't seem to get away from the sector fast enough. is there more pain to come or a real bottom anywhere in sight? >>> trade tensions still in focus as the chinese central bank does something it has not done in more than ten years. we'll tell you what that is on this thursday, augustth as "worldwide exchange" begins right now. ♪ ♪ >>> good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. i'm brian sullivan you

at cnbc global headquarters. a wild run wall street on pace for the worst week since may could a friday rally turn around those fading fortunes? >>> trade truce. could that be ahead? president trump trying a new tactic to get his chinese counterpart to the negotiating table. >>> and pressure on powell, two key fed heads are pushing for another rate cut sooner rather than later >>> and not if but when. billionaire hedge fund manager ray dalio out with new odds for a u.s. recession before the 2020 election >>> and general electric's ceo wants investors to know he believes in the company after the stock suffers its worst day of trading in a decade find out what he's doing it's friday, august 16th "worldwide exchange" begins right now. ♪ >>> good morning i'm courtney reagan. brian sullivan is reporting live from hong kong, a very global show this morning. brian, a busy weekend coming up, right? >> yeah. this place could be electric it could be rocking later on tonight. we're in a public park in hong kong the reason w

joined by christina cnbc, troy wolferton. what's your feeling as everyone begins to worry ever so slightly? >> my prediction is the market is not going to be where it is today. things are going to look different. we're going to deal with them. i come from argentina. i had to deal with a lot of recovery and busts and bubbles of any sort. we're going to be fine. especially for what we do, venture capital. we don't care that much about the short term. we're investing and partnering with entrepreneurs, thinking that they're going to build great companies the next decade. as long as we keep focus on building value long term, we're going to be fine. >> do you see entrepreneurs thinking recession is coming, maybe sales won't be so good next year, let's raise a bigger round than we would have done otherwise to get through the next couple of years as they perceive as potentially rocky? >> we do. we're seeing a lot of that, entrepreneurs raising a lot of money just trying to prepare in case something happens. that's also a line with a

i get it i'm a cnbc viewer as well as a cnbc host.ou know in the bond market you can look at it two ways and say okay, wow, that inversion is predicting a recession, everything is doomed or like bonds have just gotten added and it makes a, stocks more attractive and b, possible for companies to refinance their debt and buy back more of their stocks and make a more optimistic case for the equity market >> absolutely. and i would add that on about quantitative easing. it's not a done deal that a recession is going to happen in 18 to 24 months like an inverted yield curve often projects and it's not 100% accurate so you're certainlthat the equities coulde to do well in the foreseeable future. >> is big cap the biggest cap? the dividend players, the safest place to be? >> yes, here's why with the fed pivot that's happened over the last six months and obviously the fed taking a rates down approach, that's probably going to judge the dollar down going forward, not in a big way but we'll see a downward bias there and a dollar that's going do

visit cnbc events.com/evolve to learn more and register.alk about that when we return right now the dow is down about 80 points. ries. ♪ higher expectations. ♪ the light beer you've been waiting for has arrived. the light beer you've been waiting for i'm off to college. i'm worried about my parents' retirement. don't worry. voya helps them to and through retirement... dealing with today's expenses ...while helping plan, invest and protect for the future. so they'll be okay? i think they'll be fine. voya. helping you to and through retirement. >>> all right. welcome back, everybody. time to sit up and pay attention. the futures have turned weaker we have been sitting around the flat line most of the morning but now they're indicated down by about 82 points s&p down by over 8 1/2 points and the nasdaq down by 28. a lot triggered by what we have been seeing in the bond market the ten year is now yielding 1.461% joe terranova is here. you said it was triggered by a technical move lower. >> well, below the italian ten year reached a record low y

. >> let's start with cnbc's trade. it tracks the most revenue exposure and imports from china. we heard josh lipton talk about the impact to apple but 15 to 20% of best buy sells are according to apple essentially apple's problems are best buys problems, best buy saw a plunge finishing 3.76% and tiffany has 16% revenue exposure also finishing lower, 4.7% the company reports earnings next week so we'll hear more then but we know last quarter they pointed to weak tourism from the chinese as a reason for disappointing sales and caterpillar seeing shares tank finishing down 3.25% the heavy equipment maker gets 5 to 10% total sales if you're looking for places to hide, there are companies with zero revenue exposure and generate 100% of the sales in the united states. there are a number of consumer staples and utility stocks, also retailers like dollar general and several health care names including cbs and anthem back to you. >> thank you >>> the president argues something had to be done to stop china's aggressive and unfair behavior on the global trade front but is this the right p

he is also a cnbc contributor. sentiment is not good but is it bad enough to signal a buying opportunity >> good morning, dom you know sentiment is changing and i think markets are repricing risk and repricing a bit of new information basically that's what markets do but clearly the economies, the global economy is slowing. u.s. economic growth seems to be slowing a bit. this new sign of an inverted yield curve, no matter how you look at it is not good so investors are -- we have seen a whole lot of volatility. stock prices are kind of all over the place down 175 yesterday, up 175 in the futures this morning and i think we're seeing this repricing and i think it makes sense. does it mean that the world is going to end probably not no and for every yield curve inversion that we have had, i mean, we have not necessarily had a recession. all the past recent recessions have had a yield curve inversion but there's been a couple of these inversions that haven't. so as you get into this period of volatility as we see the

cnbc is going to have first on interviews with the fed heads from philly, dallas, st. louis and cleveland as well as the ims chief economist all kicks off this thursday and you don't want to miss it >>> and here's what's ahead on "the exchange. >>> ahead, jpmorgan bets big on beyond meat after a very rough month. >>> the supposed tesla killers in the electric world are doing so well. >>> and air bnb for the extra atuff in your life th's ahead in "rapid fire. phara you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. - stand up if you are first stand up if you're a mother. if you are actively deployed, a veteran, or you're in a military family, please stand. i will tell you this, southern new hampshire university can change the whole trajectory of your life. >>> let's catch you up let's catch you up i guess that's okay. a few stories on your radar. time for rapid fire. it's a big job for you guys here with our take on a couple stories. seema mody and dom chu shares of beyond meat after jpmorgan upgraded from overweight to ne

you're watching "worldwide exchange" on cnbc. ♪ >>> welcome back to "worldwide exchange" here on cnbcic chu. here is how you and your money and investments are looking right now. stock futures pointing to some modest losses. you can see the dow would open down by 81 points if the futures losses hold into regular cash trading. the s&p off by 9 points. also watching the bond complex very closely a key portion of the yield curve, the difference between lower and longer term rates is nearly crossed you can see here two-year note yields, 1.642%, and the ten-year at 1.652%. that will be in huge focus as the morning continues. let's check the asian markets. japan, hong kong, shanghai generally positive on the european side of things we saw weaker data out of europe on the gdp side of things. we're seeing the dax off bay percent. the cac in france, 0.75% the ftse 100 off by a hatch plf percent. >>> global stocks are rising this morning after a delay on tariffs on chinese goods eunice yoon joins us fro industrial production is at a 17-year low. the tariff dispute is squeezing the economy here

tune in to cnbc.ests, the annual gathering in the mountains taking on new importance in my opinion. >> there's always something new. >> i don't think they plan it that way it is not the concept of the meeting. it is supposed to take a step back, think about the academic stuff, long papers are present and the world is swirling around them plus, i think the added importance to this, getting to the thing that -- the horse that joe has been riding for several weeks now, the differential between the u.s. and the rest of the world, there will be many foreign central bankers there. they will have a chance to talk and see if they have some way of solving this problem. >> not easy to ride a dead horse either. >> i didn't say dead. >> no. >> we have the perfect guest host today to weigh in on all of these issues rick reader is here, black rock managing director and chief officer of fixed income. he can talk about equities but we want to focus on the bond market right now. >> so is the market generally. it is a

at cnbc global headquaters here is your 5 at 5:00 now just points away from recooping all of their losses from their big wednesday loss. the tech nigh janet taking on the house of mouse putting a huge chuck of its cash there new economic reforms in china taking hold today as it's batoning down the hatches for extended trade war for the united states. against a massive misinformation campaign fuelled by chinese state backed twitter and facebook accounts. we're live in hong kong with the latest there and it's a big week for retail coming up tjx, kohl's, many more reporting it is tuesday august 20th and worldwide exchange begins right now. ♪ >>> welcome to the show. futures indicating the dow will open up fractionally higher at this stage the nasdaq up by 11 points heading into this morning's trading session, the dow is now within 145 points of recooping all of it's losses from that big wednesday 800 points sell off in the dow. the s&p is just 3 points away. the bond market currently in focus as well. the yield of 10 year u.s. treasuries you can about 1.8% 1.52% just about six basis points s

and we'll take you there live on cnbc those comments will be the ones traders pay the most attention to today now the stock futures indicating a higher open. the bond market always a focus right now and the ten year note yield below 1.65% and the two year note yield 1.64%. checking that spread, as you can see here we're moving and we're pretty much flat at this stage watching that level here, it's not inverted but it's goingbac and forth between positive and negative we'll keep an eye on that. let's go worldwide in the asian trade, to close out the trading week, we did see a mixed picture. the nikkei up by half a percent to japan the hang seng and hong kong with percentage moves the south korean kospi to the down side. the german dax up .5% and ftse 100 up .75 for more on that powell push and pull and what investors want to hear, let's turn to joel, joel, thank you very much for joining us take us through what wall street really wants to hear out of fed chair jay powell today >> wall street wants to hear there's going to be some language suggesting that there will be imminent rate cu

investors losing more money in the early trade after posting massive losses what the ceo is telling cnbc. >>> and caught in a glass case of emotion a surprise mystery guest making the rounds all over late tv last night. it's trending on this august 9th as "worldwide exchange" begins right now. ♪ >>> good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. maybe at 2:00 in the morning in san diego, founded in 1909 by the germans. any way, it could be the chart of the day whipsaw action in shares of uber after what could be described as a disappointing quarter. uber's 2$2.5 billion second quarter loss was larger than the total losses last year, all year for all but three companies in the s&p 500. only ge, kraft heinz and newell brands lost more money last year than uber lost in the second quarter. that stock being punished. not as down as it was, but down 7.5% right now to under $40 per share. we'll have much more on uber coming up. a developing and important story. thousands of protesters rallying in the central terminal at hong kong internati

joining us cnbc contributor michelle caruso cabrera and former ambassador to nato nicolas burns, a cnbc. michelle, i'll start off with you, what is the importance of this pboc message? is it just, i don't know, is it meaningful to you? >> oh, i think it's very meaningful yeah, so when this devaluation happened, i think we were all asking, okay, why are they doing this is this just a salvo in the trade war to get the other side back to the negotiating table. or is this them -- is this the chinese government looking at the currency regime, seeing weakness in the world and saying we have to help the exporters over a longer period of time so now is the time to begin devaluing the currency if it was the latter, that's extremely -- that would be extremely detrimental in a lot of ways to the global economy because it would be deflationary you've talked about it look what happened to the luxury retailers yesterday. chinese consumers f there was going to be a continuing weakening of the chinese currency, could buy a lot less foreign stuff, right, whether it's luxury goods, whether it's apple ifo

you are watching "squawk box" on cnbc cnbc >> kids like to make a statement, they want that wow factorrents, you want to pick shoes that they're going to wear over and over again.> so i put together some of my favorite kicks for the new school year. ♪ when it comes to back to school shopping, your year starts at dick's. my first job is to care for derek. everything i do is for him. when i moved to this apartment after six months, we need to connect with the world. i use the internet to keep him in the language, because that's the way to connect to my family's traditions. he has to know where he comes from. we need internet essentials. there's no excuse to not get connected. >>>. >>> 16 states now have reported 153 cases of serious vaping-related respiratory illnesses in the last two months the cdc says all those stayss say they vapd and received nicotine or thc. they don't have one common device among the patients. they were admitted to hospital with difficulty breathing. some reported chest paper, vomiting and fatigue shares offal altria have been under pressure the company took a 35%

thanks for being with us on cnbc welcome to august.rian sullivan after yesterday's sizable drop, more than 300 points for the dow, here's how futures look now. they're up 70 points we're not seeing a follow-through on that sell. perhaps everybody analyzing the fed, looking at the market and realizing the economy is good. long way to go today dow futures up 70 points bonds got bought big time. we were like a hair from going below 2% on the ten-year note yesterday. we're above that now 2.05%. we were down to 2.01% yesterday. what about in the asian markets? the japanese market,it rose. call it 0.01%. concern there that the united states might be turning into a japan-like economy, slow growth with no inflation. bad combination. the european markets, not a lot of movement. they have their own fed. the european central bank. they have been cutting they've been doing quantitative easing, remember that? so they're stimulating, which, by the way, frustrated our president that we're not doing more of that the big mover yesterday was currencies

it could be worse. >>> let's get over to susan herera now for a cnbc news update >> hello, kelly.ello, everyone. here's what's happening at this hour the u.s. envoy for north korea's stephen biegun began meeting this a day after north korea launched two more short-range ballistic missiles >>> indonesian authorities issued a tsunami alert after a strong earthquake hit off the coast of java. buildings as far away as the capital was seen swaying it was a 6.9 >>> a judge has recommended firing the new york city police officer accused of using a chokehold in the 2014 death of eric gardner daniel pantaleo's lawyers will have about two weeks to submit a response the nypd says that he has been suspended until then >>> and the u.s. postal service is honoring the contributions of military dogs with its new stamp collection each forever stamp features a different breed typically selected for that kind of duty they are proudly standing next to a white star. >> oh, my goodness >> got to have them. >> sue, you don't understand my dad is going to want this stamp on every letter that is ever sent

at cnbc global headquarters.ere is what's front and center for markets and your money president trump sounding off on everything from the trade war and the economy to his meeting with apple ceo tim cook. >>> then there's china unveiling a new round of reforms aimed at helping its companies weather the u.s./china trade war. >>> then the bulls are ready to run seemingly green arrows across asia and europe and u.s. futures are pointing to a big jump on wall street's open it's monday, august 19th and "worldwide exchange" begins right now. ♪ let's get it started ♪ let's get it started in here >>> good monday morning and welcome to "worldwide exchange" i'm dominic chu in for brian sullivan today here is how your money and the global markets are setting their day up, at least to start. stock futures indicating the dow will open by about 215 points. the s&p up by 23 and the nasdaq up by 61 points as well. the bond market right now is already in focus because yields are creeping higher. the yield on the ten-year treasury

at cnbc global headquarters.ild run wall street on pace for the worst week since may could a friday rally turn around those fading fortunes? >>> trade truce. could that be ahead? president trump trying a new tactic to get his chinese counterpart to the negotiating table. >>> and pressure on powell, two key fed heads are pushing for another rate cut sooner rather than later >>> and not if but when. billionaire hedge fund manager ray dalio out with new odds for a u.s. recession before the 2020

. >> good morning, welcome back to squawk box here on cnbc. we're live at the nasdaq market site on times square this morning. kelly evans is hanging out with us. >> what? kelly. >> kelly evans is here >> look at you >> what part of look at me -- >> look at you being here. >> i'm excited to be here. i haven't told andrew my news yet. >> i was just saying i thought of you immediately. >> back on social media. >> she is back on social media. >> i deserve to get all the crap in the world for this. >> you are my idol. >> when did this happen. >> can you get @kellyevans. >> the old handle is gone. >> what happened the addiction? >> no, we can talk about it later. >> we'll talk about it later. >> it's a new age. you need a digital presence. >> i will never have facebook but i have twitter you can almost monetize it. >> you can. >> i never have. >> but when you write your opens -- >> he circulates all -- he's a multimedia you have so many channels. >> multimedia. >> you have all of these channels for delivering your content. >> i have to figure out h

and cnbc's julia boorstin in los angeles.with you. 8chan has been linked to the shootings in new zealand, in california cloudflare is going to go public they took the stance to get out in front of the issue. are you expecting more companies to do the same >> well, i think there's going to be this growing conversation, melissa, about what do you do about this kind of content on the internet that incites violence the ceo of cloudflare posted a rather long blog post explaining why they were no longer going to be supporting 8chan which pulled it down from the internet. this ceo cloudflare noted they did the same thing with another offensive website, the daily stormer when they saw the daily stormer was posting equally offensive content. the problem is the daily stormer found another home companies will continue to support this kind of violent content or content that incites violence the question is what kind of regulation needs to come in. we've seen australia and other countries really try to take action around this, but here in

you're watching worldwide exchange right here on cnbc. >> did you catch that?ch a new hope striking back? return of the retailers. nice job oh not to me to our team. welcome back and thank you for being with us here on this thursday morning i'm brian sullivan and it's looking like we could see a galaxy worth of returns on stocks today dow futures up 240 points right now and happen right around 3:00 a.m. new york time. that's when we had newcomb menlmenl -- comments coming out saying that they are hopeful that we can sort of come to a mutually agreed conclusion that will benefit both parties i'm surprising but you can see from that chart that right around that time the futures are down a few points all of a sudden they hiked higher on the words and beat china coming back to the table they have also dominated the headlines recently and you have to watch that 10 and 2 year note yield. we talked about how they call that the inverted yield curve. i'm just guessing you might have heard that term on this network sometime over the last couple of weeks. we're getting ve

and mike santoli, cnbc's senior markets commentator. to go station yourself at a mall, one of the bad ones, you'd think that the yield curve was definitely right you go to the target which is not at an anchor or one of the anchor tenants at a mall you'd think oh, my god, it's gang busters so it matters which retailer we're talking about. >> overall the reason that the u.s. economy is doing as well as it is, because employment is good income growth is good. >> consumer is strong. >> consumer is strong that's 70% of the economy if it wasn't for that part we would be in the much bigger situation than we currently are. the part of the economy that's not working is capital investments and that's really more retrograde than anything else. >> the consumer back drop there's enough to go around for just walmart and amazon that's the way that the market is responding to lowe's and target. these are two big companies that are in kind of revitalization mode so that's what you're seeing that gap getting closed a little bit -- >> and shows that inves

cnbc will be right back. as a principal i can tell you this. left behind, we all get left behind. this is a problem that affects each and every one of us. together with ibm, we created a whole new kind of school called p-tech. within six years, students can graduate with a high school diploma, a college degree, and a pathway to a competitive job. you know what's going up today? my poster. today, there are more than a hundred thousand p-tech students around the world. it's a game changer. doprevagen is the number oneild mempharmacist-recommendeding? p-tech students around the world. memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> setting up for a higher open closing out the month of august. joined by our guest host chief investment strategist at blackstone joe, start with you. where do you see markets going into september >> i think we're going to be in, for a period of more volatility and markets will be flat i this at best and actually down side risk the down side ris

i need that at meetings at cnbc.t colder than that >> coffee and 58 degrees >>> news out from a beyond meat competitor let's get to adidi roy >> good morning. i have my fleece here with me. >> mine is on my legs. i have the same thing. >> so funny. we need them close by, right >> right >> yep we have our little one market logo here. very nice. burger king has just announced it will roll out the plant-based impossible whopper to more than 7,000 stores nationwide starting next thursday. the news follows a successful test launch of the impossible whopper at nearly 60 locations in st. louis the suggested retail price will be $5.59, about $1.40 more than the cost of a regular whopper. this is a big win for impossible foods which is valued at $2 billion and backed by invests like jay-z, katy perry and serena williams. the other major chains carrying impossible products are white castle, red robin, applebee's and little caesars impossible also, by the way, just received fda approval to start selling plant-based ground meat

joining me now on the cnbc news line is gerard cassidy banking analyst from rbc capital markets.easure to have you on can you take us through as an analyst how the price action yesterday made you feel? are the bank now in a situation where they're generally weaker than the rest of the market? >> thank you i would say the banks certainly have underperformed since august 1st which of course is when the president came out with the 10% tariff announcement. when you look at the bank stocks, they're down from 11% to 12%, versus a general market decline of about 4.5% to 5%. the flattening of the yield curve is the primary culprit in our opinion of this under-performance. the long end of the curve has come down, that has certainly weighed on the bank's profitability, but also affected the stock prices they have clearly underperformed the markets since the first of 1st. >> gerard, the point has been brought up, there's a debate out there about how important the yield curve is in any capacity, the difference between long and short-term rates to bank profitability. are yield curves importan

lane and associates and a cnbc contributor.es right now suddenly we're up 77 points you've got to -- if you have one of your online apps where you look at the futures in the morning, you can see it will still say probably down 55 so you'd think the market will open lower but you've got to factor in the fair value. this morning it looked like a down day i think it was down triple digits when i woke up, the futures -- >> but here we are. >> and now we're indicated that we'll add to yesterday's gains, which in and of themselves was a crazy day yesterday the way we were down so sharply premarket. >> down 300, up 350, all over the place. at the end of the day up 260 plus points. >>> we have a developing story this morning that we'd like to tell you more about. the drug industry and one company in particular looking at a landmark court ruling in a war against opioid addiction it sounds like an expensive penalty, but investors are actually rewarding the company today because it could have been a lot worse. meg terrell joins us with mo

>>> good morning, everybody, welcome to squawk box here on cnbc we're live from the nasdaq market site in times square. take a look at the u.s. equity futures this morning you can see a little bit of a future s&p futures up by less than a point. this is all coming as stocks are trying to feel their way around and see if they can extend that three day rally. you're now looking at the markets back to where they were basically before that 800 point loss yesterday the dow was up by 1% the nasdaq was up by 1.4%. across the board, they're strengthened in large part and we'll talk about that in a moment take a look at what happens in asia a new benchmark lending rate, 4.25% down from 4.31% that help stocks early in trading and the hang seng and shanghai gave up those gains. hang seng down by a quarter of a percentage point stocks in japan were higher. the nikkei closed up by just over half a percent. in europe with the early trading taking place you're going to see that at least the three major averages are in the green right now. germany just barely. it's just above the flat line but the cac

eastern on cnbc.id that impossible tastes better than beyond meat, which is interesting it's a private company, of course beyond meat is the public company. they are only launching this to september 1st. they want to make sure customers want it and they can meet demand which they feel good about the burger king announcement is no joke. burger king is number two behind mcdonald's in terms of biggest fast food chains sales in this country. it makes it the biggest fast food chain in the u.s. to carry the meatless burgers. >> a lot is about through put, right, keeping kitchens simple how much additional complexity does this add to the kitchen maybe none i don't know. >> we know that they have tested this out in 49 different markets before they announced this official rollout to more than 7,000 stores they have been working on it he said he has been working with the franchisees on that. also impossible has geared up from this, for this on the supply side. they are partnering with osi, the big meat supplier

you are watching "squawk box" on cnbc cnbc >>ate with a high school diploma, a college degree, and at's going up today? my poster. today, there are more than a hundred thousand p-tech students around the world. it's a game changer. ♪ >>> welcome back to "squawk box" on cnbc live from the nasdaq market site if time's square we're just seconds away from an updated look at second quarter gdp. also the latest jobless claims numbers. the futures are strong this morning on maybe some positive signs on the trade war front let's get to rick santelli standing by at the cme in chicago. rick, the numbers, please. >> all right a second walk around the block on gdp i lost a tenth as expected, actually, honing 2% originally first look 2.1 we have one more complims,ing -- glimpse, of course, the numbers moved substantially 4.7 versus 4.3. the price index holding steady at 2.4 the core personal consumption expenditure quarter over quarter dropped a 10th to 2.47 a rise of 4,000 is from 211 originally released at 209 let's go back to the trade balance expecting the number around 74.5 billion. 72.5 bil

he is health and medicine reporter and cnbc's own meg tirrell. and this is a pretty extraordinary offering by the sackler family, but can it go far enough >> that's a great question so this is not a done deal it's proposed. 10 to $12 billion sounds like a loft money but we are hearing some folks say they are surprised by potentially how small that is considering purdue's role or alleged role in the opioid crisis and just the markeis or spot they have headlight there with oxycontin will this be 10 to $12 billion, and how does that sort of translate into what we might see from everybody else? >> lennie, how should we think about the potential exposure from purdue? what does the 10 to $12 billion offer mean to you in terms of possible financial outcomes? >> first off, just think about how complicated this is going to be for them to arrange they have to satisfy the 2,000 plaintiffs of the big federal suit in ohio and then there are 40 some-odd states across the united states that alsowant a cut of this money. and purdue has said for months and months

cnbc investigates the hacking risks hidden in plain sight, next cident.a took care of her car rental, and getting her car towed. all i had to take care of was making sure that my daughter was ok. if i met another veteran, and they were with another insurance company, i would tell them, you need to join usaa because they have better rates, and better service. we're the gomez family... we're the rivera family... we're the kirby family, and we are usaa members for life. get your auto insurance quote today. >>> welcome back from that phone in your office to the industrial fan system in the lab, many devices contain tiny computers that can be hacked and used to gain sensitive business data or even cause damage to networks cybersecurity pros say more needs to be done to keep these devices cure it's getting the attention of manufacturers now. andrea day has a cnbc investigation "hiding in plain sight. >> no demo is complete until we've tried to physically destroy the device >> reporter: when you interview this ceo, you may wind up evacuating >> all right let's g

get to know us at aflac.com >>> welcome back, everyone i'm sue herera here's your cnbc news update athis hour. democratic presidential candidate elizabeth warren offering apologies during a gathering of native american and tribal leaders she received warm applause after acknowledging her missteps >> i know that i have made mistakes i am sorry for harm i have caused i have listened and i have learned a lot. and i am grateful for the many conversations that we have had together >> gabe reelparker, the accused gunman in a 2018 high school shooting that killed two people in kentucky appearing in court with his hands cuffed. his attorney is hoping to get statements made by parker thrown out. arguing his fifth, sixth, and 14th amendment rights were violated after he was taken into custody. >> and dog goods usa is recalling its chef toby pig ear treats due to the potential risk of salmonella contamination. they were dwinistributed to retailers nationwide so far, no illnesses linked to its products you're up to date. bill, back to you and see you later. >> i will see you later on nightly busi

welcome to squawk box right here on cnbc. we're live at the nasdaq markets.s back in town, joe cernan is with us this morning, aloaning with kala becky has the day off. >> i'm playing mediator today. >> you're a buffer. >> come on it's nice to see you. >> thank you. >> there's bane lot going on the past two weeks. >> i know. >> we've missed you, missed your comments, your insights, your thoughts. >> there's a lot of things -- >> you know what, there are times that sometimes you just want to get -- you know, stop the world and get off. >> yeah. >> and a vacation helps you do that a little bit. it was a rough couple of weeks, it was it does kind of impact

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at cnbc global headquaters and here is your 5 at 5.nd confused the wild swings of the market continue amid mixed messages from the white house and the corporate earnings picture as well where do we go from here back on the table, the president floating the idea of a payroll tax cut just one day after the administration denied it was even being considered. is it worth the risk president trump digging in his heels with the trade war saying it's worth the risk of a recession to get a big deal done out of

cnbc hong kong. >> meanwhile, shares in hong kong's ck asset hit their highest level since august 1st this after they agreed to a 4.6 billion pound takeover offer from the developer shares grow more than 50% in yesterday's trade and as i mentioned we have been talking about twitter but you can also tweet us directly if you want to get involved in the conversation the rebound that we're seeing tweet us or me directly. also coming up on our show, president trump called on the fed to make further rate cuts. more on that after this break. g. there's an easier way. try mr. clean magic eraser. just wet, squeeze and erase tough messes like bathtub soap scum and caked-on grease from oven doors. now mr. clean magic eraser comes in disposable sheets. they're perfect for icky messes on stovetops in microwaves and all over the house. for an amazing clean, try mr. clean magic eraser, and now, new mr. clean magic eraser sheets. >>> welcome back to street signs. they announced the second phase of the plan will be defeated by the end of the first quarter in 2021 now casino previously said it will sel

the cfo gave cnbc his take on the current interest rate environment. >> we've seen rate cuts, as you mentioned, that's driving rates lower along the curve. low rates are not good for banks. so we've mentioned we see the margin environment getting tougher in the next year or two as those low rates work their way through our margins, which means we have to work hard on our asset margins, make sure our margins and lending to customers is solid. >>> assets under management at standard life aberdeen rose 5% market gains offset net outflow there's that totaled 15.9 billion pounds over the six-month period adjusted pretax fell 6.1%. >> the markets have come a little bit our way, when i look at the volatility around in the first seven months of the year, i'm pretty confident that we will have a sustained improvement in performance i come back to the fact that it's not just the first six months of the year, it's been strong enough to deliver something over the last three years. >>> coming up, u.s. markets rebound as the trump administration says it wants talks with china to continue we'll bri

cnbc contributor. jack is with crescent wealth and ron, an analyst and senior adviser to schroeder's na. welcome to you ron, let me begin you. it has been a week where you kind of scratch your head and say what is going on here? we began with zdiscussions of purchasing greenland yes, we're doing to do that, maybe we won't now a trade fight. there seems to be a real messaging issue in the white house. zpling it goes way past messa messaging. there are no tactics this seems to be an entirely seat of the pants style. way of governance in which whatever strikes the president in any given moment, gep, the chinese suggest they'll retaliate. we don't know what he's going to come back with today the notion that you can order american companies to stop doing business inchina and kis ru disrupt a global supply charn chain with a tweet ar argues the president doesn't understand the economic implications of what he's saying. those things taken together seem to indicate that policy is entirely unmoored. >> it is un

we're about five minutes from cnbc putting a box above the right hand corner where they put the s&p 500. you're going to have an inversion and it's going to say how many basis points, you don't think we're going there, remember when gold had an all time high, a permanent spot on cnbc, oil the same in '07 and '08, bitcoin that will happen at a certain point. maybe it's after the yield curve has inverted or stays inverted for a week or two weeks. this is going to joe's point, this is going to dominate, sentiment and the way we talk about recession. it's also going to dominate the software programs that are written to trade this market are going to behave, and i just think we need to be aware that it's not normally a good sign but also we should beware there's something called the hizenberg uncertainty principal, something observed is going to act differently than not being observed and we are so focused on this yield discussion, it's possible that we are talking ourselves into something that need to happen. >> opthey say the selloff is wa over done to make the point that stocks got too be

here are dom chu, mister rogers and cnbc contributor ron insana. >> there's a story behind it, by the way. out of context >> first up, is harry marcopolis the madoff whistleblower is targeting ge he says the company has been hiding the extent of its financial problems for years and calls it a bigger fraud than enron and worldcom combined. >> put a lot of people in prison over the years i'm just continuing that trend and need to get paid i have a family to support anybody who signs those financials is culpable >> so you're coming after the current management team right now? >> on march 7th, they had an insurance teach-in they could have come clean and showed you the eight reinsurance deals and what the losses were in dollar and percent they didn't it would have been easy to do. worldcom and enron lasted about four months, once their accounting frauds were exposed we'll see how ge does. i think they are a bankruptcy waiting to happen. >> ge meanwhile saying we are extremely disappointed that an individual with no direct knowledge of ge would choose to make such serious and unsubstantiat

right here on cnbc i'm andrew ross sorkin, mellissa and joe and becky are off.t host, to him farley, chairman of far point and the former president of the stock exchange group then a guy sometimes very shy, antony scaramucci is here. we have to work hard, founder of sky bridge capital and white house communications director. it's great to have both of you here on a wild week in the markets. take a look at u.s. equities futures now. things are looking in the green, even in this program in major ways the dow will open 17 points higher s&p looking to open about 4 points higher, the nasdaq looking to open 27 points higher >> at this hour, treasury yields are moving higher after the benchmark touched the lowest level in nearly three years. the drop in yields was a market in the driver before stocks staged a late day rebound. security firm semantic is close to selling to broadcom remember broadcom previously attempted to buy all of semantic an effort unsuccessful because they couldn't agree on price tesla is saying the model 3 has the lowest probably of injury by the

welcome to squawk box right here on cnbc. we're live at the nasdaq markets.uess who's here who's back in town, joe cernan is with us this morning, aloaning with kala becky has the day off. >> i'm playing mediator today. >> you're a buffer. >> come on it's nice to see you. >> thank you. >> there's bane lot going on the past two weeks. >> i know. >> we've missed you, missed your comments, your insights, your thoughts. >> there's a lot of things -- >> you know what, there are times that sometimes you just want to get -- you know, stop the world and get off. >> yeah. >> and a vacation helps you do that a little bit. it was a rough couple of weeks, it was it does kind of impact the feeling of vacation, but i'm back now all i know is that that alarm is still -- it's very early when it finally goes off that's hard to -- >> when your on vacation does your body clock still make your get up early >> 7-30, yeah. what is that three extra hours or something. >> that's like a weekend for me. i think we both do that. >> you can't, after all these years. and i think ben fran

at cnbc. a wall street whiplash the global rate race to the bottom triggering some of the most wild swings in stocks in a year could today be round two >>> recession red flags. bond yields at yesterday's session lows sending their strongest warning sign since the financial crisis does that mean a slowdown is ahead? >>> a flight to safety, it's not just bonds gold soaring on pace for its best week in 3 1/2 years can you still make money in the world's most popular medal >>> trouble in the oil patch oil stocks continue to fall an

it's tuesday, august 27th and you're watching worldwide exchange on cnbc ♪ >> welcome back to worldwideey reagan in for brian sullivan this morning. let's get a quick check on how things are shaping up to set up your market day. futures right now are pointing to a slightly positive mixed open as you can see the nasdaq going back and forth between positive and negative. the dow ever so slightly positive here. take a quick look at what's going on in the treasury market as we watch this bond inversion for the two year yield sitting slightly above the yield on the ten year note. let's go worldwide and get a check on what happened overseas in asia. the shanghai composite up 1.43% and in europe in early trading we had a mixed picture about half an hour ago and so far i believe that's still the case as we're looking right now and the german dax is just barely positive and the ftse mib is higher but the ftse 100 is lower. >> president trump is back at the white house after a headline grabbing g-7 summit in france, to say the least aman joins us live from the scene. bonjour eamon. >> good mornin

i mean, i have to admit it welcome back thank you for being with us on cnbc happy wednesday.rian sullivan it has been a topsy-turvy week we're only on day three. the dow down 767 points on money. then up 311 yesterday, getting about half of it back. here's how things are looking right now. it looks like maybe the market is exhausted, like a boxer in the corner, just taking a seat for a round, not throwing punches. dow futures are basically flat right now after we have seen multiple hundred point moves nearly every session over the last five. in bonds, they're not taking a break. once again almost insatiable demand coming into u.s. government debt. bond yields come continue to come down. bonds up, yields, the ten-year at 1.68% now you may think that is very low historically for the united states it is. but consider that nearly 15 trillion worth of government debt around the world, countries like japan, germany, denmark, switzerland, they've gotten negative interest rates, so on that basis, u.s. government debt returns something which is anything let's check the asian markets r

>> thank you president trump's top economic adviser speaking out about the trade war with china on cnbc earlier. eamon? >> yea larry kudlow making the case for continued patience making the case as the trump administration has done throughout the entire trade war with china the chinese have a less good position than united states does. here's what he had to say. >> i think china is getting hurt significantly. much more than we are. so okay. if they want to wait, maybe so but the chinese economy is crumbling. it is just not the powerhouse it was 20 years ago everybody knows that and as i said before, supply chains are moving out. the demands for their goods is moving to other places >> so that's one part of the argument from the administration today that china is getting hurt worse. therefore they're more likely to agree to a term on u.s. terms. the other part came in the form of a tweet from president trump earlier today in which he signaled to farm country that he has their back in case of further chinese retaliation as we have already seen he said our american farmers know that china

i'm andrea day, cnbc business news. >> and back to cisco for a moment.d the company if a tool exists right now to know if a device has been hacked. cisco telling cnbc in part an audit tool is not currently available, and that we recommend customers review the security advisory to assess the best way to protect their network. >>> still to come, we told you about the six people injured by lightning yesterday. it looks like the south is bracing for more wild weather. we'll tell you about that next. >>> and we're both watching the low clouds and fog around san francisco and tropical clouds that could be headed our way from a tropical storm to our south. notice how the clouds are reaching southern california. the impact on bay area humidity and shower chances by midweek when we come right back. ♪ well well well, what have we here? a magical place...that's lookin' to get scared! with bats...and ghouls...and cars in disguise. i've cast quite a spell now... you won't believe your eyes! the spell is cast. halloween time is back with spook-tacular experiences in d

you're watching "worldwide exchange" on cnbc. >>> welcome back it's 5:35 in the morning it feels like0:00 a.m. already, we already had that much news. the dow drop yesterday, 767-point drop the seventh worst point drop of all time stock futures right now, they are trying to -- that's not stock futures, that's yesterday. there's the stock futures. we like this one better. that's green dow futures, we're not up 700, but we're up 100 at least the selling pressure has not engaged and followed through yet. dow futures, nasdaq and s&p futures higher for some reason, if you were under a rock and missed what happened yesterday, here's a recap. every single dow stock fell monday the average decline was 2.7% drop 12 dow stocks fell more than 3%. apple fell 5% yesterday. the dow is 6% off the july high. in less than a month we've fallen 6%. the thing driving selling yesterday was the big drop in china's currency below that key 7-1 to the dollar mark china responding overnight their central bank trying to firm up their yuan setting a peg just above that. that's where we are now. the u.s./china yu

cnbc is every angle of the sell off covered. there is a special tonight after the show at 7:00 p.m. so do not miss it. much more "mad money" ahead. i'm eyeing two stocks that are worth considering and after the sell off, feel like you need to mellow out i have a stock to help you and don't let today eavesdr's drop you. i'm taking calls in tonight's edition of the lightning round so stay with cramer. tell him we're flexible. don't worry. my dutch is ok. just ok? (in dutch) tell him we need this merger. (in dutch) it's happening..! just ok is not ok. especially when it comes to your network. at&t is america's best wireless network and now, get the option of spotify premium on us, with your unlimited plan. more for your thing. that's our thing. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. - (phone ringing)a phones offers - big button,ecialized phones... and volume-enhanced phones., get details on this state program. call or visit and accessoriesphone