wall street legend jimmy dunne and golfing legend jimmy dunne and at&t chief randall stephenson ♪ ♪ let'sull-blown production. ♪ ♪ let's go from being on-call... ♪ ♪ to being on-line. american express can help move your business forward with loans, vendor payments and buying power. chat with one of our 4000 specialists and let's make it happen. the powerful backing of american express. don't do business without it. >>> "squawk box" at pebble beach. it's a power hour. interviews with more corporate leaders. this hour, chevron ceo michael werth, cisco ceo chuck robbins, and at&t ceo randall stephenson. energy, tech, the markets and more as the final hour of "squawk box" begins right now. ♪ >>> live from the most powerful city in the world, new york, this is "squawk box. >> welcome to "squawk box" here on cnbc. joe and becky are out at pebble beach at the at&t pro am tournament we'll get to them in just one minute want to give you a quick check of the futures dow looks it would open down 135 points the s&p off 16.5 points. then there is the big talker of the morning both in business circles

. >> jimmy dunn was funny too. >> he was great. >> wasn't he yeah >> he was great. >> so you heard then >> i'm seeing it there i'm not saying it is my view just happens to be. >> we all have our own biases. can you name ten guys that don't think there will be -- anyway what is going to cause it, jim >> three tightenings and fail trade, no trade agreement. maybe we get one a trade agreement, which i don't -- look, i think both camps want a trade agreement one wants it on the united states' turf, that's where i am. united states terms and we'll have up profits this year and this whole slowdown of profits will mean another thing that people will say i -- i had been more bullish. >> can we be an island unto ourself in this country regardless of, you know, maybe weakness in europe or slowdowns in japan or china slowing? >> i think the better way to put it is we have a substantial number of companies that are immune from those areas. and a bunch of others you can't -- that where earnings aren't going to come down. we have coca-cola this week. they're going to be hurt on the strong dollar bec