that's the cry from harold hamm. asking the u.s.he global playing field. >>> and it's time to get up to speed on 3d printing. companies that don't adapt could soon be left behind. the second hour of "squawk box" begins right now. ♪ sfwlmplts live from the beating heart of business, new york city, this is "squawk box." >> welcome back to "squawk box," everybody. this is cnbc first in business worldwide. and we are reunited. i'm becky quick with joe kernen and andrew ross sorkin. let's start with the markets this morning. after closing slightly lower yesterday, the futures are indicated higher once again this morning. of course, they were doing this yesterday and that didn't really last for the rest of the trading session. but right now the dow futures indicated up about 60 points above fair value. s&p up by 5.5 and nasdaq 14. and interest rate cut in south korea overnight. lowering a key rate to a record low of 1.75%. asian markets closed higher. also take a look at what's been happening with the euro. this has been driving things fo

that's what they're anticipating. >> although harold hamm was late to get it.g out in november in the 70 or 80 -- >> but he is now. we saw him just a couple of weeks ago and he's saying forget it. we don't see anything letting up for some time to come. >> interesting. >> and they're changing their cap-x spending as a result. >> the thing confusing people is you see cap-x cuts across the board of an average of 30 to 35 dollars. yet production is up 10%. so what's happening is you're basically shifting resources to your more productive wells. >> the other thing is it'sless expensive now because there's not the boom mentality. some of their costs come down. >> for the equipment and drilling and everything else. >> and people say that's really going to be the case in the permian basin. but he's one of a few who have said at 50 bucks we can still make it economic. a lot of doubters on that though. a lot of doubters. we'll see. >> all right. let's bring in carl larry and see if he has anything different to say than he did on friday. weren't you here on friday? >> i t

and harold hamm is back to talk about the constellation energy brands. to discuss that success.k brothers andrew and -- turning two worlds into one takes love. helping protect that world takes state farm. so what's going on today? news alert! message! email! calendar update! most of us admit to being overwhelmed by information at work. that's why ibm created verse. it uses powerful analytics to uncover hidden patterns in your email, calendars and social feeds. it continuously learns how you work. and helps you prioritize the people and projects you need to focus on. there's a new way to work and it's made with ibm. >>> you know what they say about payback, right, you do right? >> yeah, i do. >> payback is a bitch. it's better served cold. we can do this later. >>> welcome back to "squawk box," come on, elevator, boy. >> oh. welcome back to -- >> i really am going to take you outside and mess you up. >> welcome back. futures -- go ahead, you're doing great. >> the futures right now are up. let me see, they're up 55 points. i guess you should have not bought the house. >> yeah rig

. >> you know, rick we have heard from a lot of companies like the exxonmobils, like harold hamm andpending. however, we also hear the country is likely to see additional supply that's coming on over the next couple of months. probably two months from now we'll see a peak. that's about the time we will also see stores completely filled in the united states. meaning that anything pumps at that point has to go into the open market. there are some people saying you could see a much bigger drop in the next couple of months as that comes up. do you buy into that theory? >> well i think prices will be under pressure for the next several months. you have the storage. you have some of the new productions still coming on. however, i think a lot of companies are deferring their completions until later in the year. maybe even the first part of 2016. so we'll see how it all plays out. refinery maintenance. we're entering that season. second half of the year i think, looks a little more robust on the pricing front. but near term i think we're going to see some pressure. >> boone pickens joined us