i'm joe kernen with andrew ross sorkin.of the toilet and are back on set with us. >> becky is off today. >> you said he was so handsome. >> oh. >> the ashley madison toilet or some other toilet. i don't know. >> do you know anyone that got outed? >> we know somebody in the papers who has -- >> denying it. >> who has been on before. a business guy. >> our top story today, the global markets, u.s. equities futures are down. s&p down 11. nasdaq indicated down about 28, just under 29 points. this follows a two-day rally. it's now back out of correction territory from monday's intraday low. the dow is up 8%. the s&p has risen 7% and nasdaq is 12% higher from monday a close. >>> overnight in china, the shanghai closed about 5% higher. gains speeding up in the final trading hour. all of these sort of weak explanations. among the catalyst, more government support. yeah, they bought blue chip stocks with government money. there's also some other stuff. investing in some pension plans. that's a great idea in the chinese stock market.

i'm andrew ross sorkin with joe kernen and sarah is with us this morning.ky will be back next week. it's a pronunciation issue for me. a lot to discuss. >> it's a hard g. >> i know. >> we have a lot to discuss with jason today following this week's roller coaster ride in the markets. the dow

i'm andrew ross sorkin with joe kernen. becky has the day off. our guest host is bob dahl.s going to help us try to figure out what to make of this roller coaster ride in the markets. that's where we will go right now. let's get right to the markets after yesterday's crazy ride on wall street. stocks look to recover today as joe just mentioned. futures are pointing to a huge pop at the open but if yesterday was any lesson no one knows what will happen over the course of today's session. we should tell you the dow travelled nearly 5,000 points yesterday. that's not from top to bottom t

i'm becky quick with joe kernen. andrew is off today. the count down to the jobs report is on.abor department will be releasing the july employment data about 2.5 hours from now at 8:30 a.m. eastern time. here are the expectations. non-farm payrolls are expected to come in at 215,000. there are other estimates as high as 225,000. that would be closer to june's number of

i'm michelle along with joe kernen and scott. becky and andrew are off today.sight for firefighters and residents in california. 144,000 acres destroyed by fire making it one of the biggest fires in recent history. over 13,000 people have been he vak -- evacuated. stocks in china surging on new rules to crack down on short selling. one would prevent borrowing and repaying shares on the same day. mark made comments earlier today on cnbc. >> they are desperate to try to keep this market up. and they're trying every rule in the book to do that. unfortunately as you know the more they do the more uncertainty is imposed on the market. >> something we have long

i'm andrew ross sorkin with joe kernen. becky has the day off. our guest host is bob dahl.e's going to help us try to figure out what to make of this roller coaster ride in the markets. that's where we will go right now. let's get right to the markets after yesterday's crazy ride on wall street. stocks look to recover today as joe just mentioned. futures are pointing to a huge pop at the open but if yesterday was any lesson no one knows what will happen over the course of today's session. we should tell you the dow travelled nearly 5,000 points yesterday. that's not from top to bottom but throughout the day with nearly 3,000 coming just in the first 90 minutes. the blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s&p are down nearly 9% and the nasdaq is off almost 10% yesterday alone $685 billion is lost among market cap in s&p 500 companies. that's $100 billion more than apple's market cap. if they don't tell you enough about the volatility check out the vix. moving above 50 intraday for the first ti

i'm joe kernen, along with michelle caruso-cabrera and steve liesman.i think this is redundant. why do i have to say that. >> >> becky and andrew aren't here today. >> that's why we know. >> they could be off today, sick, or on assignment. >> it doesn't say any of that. >> we are here. adp private payroll economists forecast an increase of 215,000 for the month of mailing it in. that's the number they give us every month now. they don't do any work. ah, 215. it's august. down from 237,000. checking on the u.s. futures. then europe was up across the board, and i think we're feeding off that, even though disney will hurt the do you this morning. it's no small feat. there are some -- they were stalling so you look up at the prompter and start typing. but yesterday, in, you know, the great show that premiere last night at 10:00. >> west texas investors -- >> we're interested in it, but you saw two on this side, and two on that side, and they called you a rose between thorns. >> isn't that charming? >> yeah, because -- are they hill billies? >> they call the

i'm joe kernen. we' the futures have improved from when we started this, up 328.national dog day? i think it's causing, you know, the dogs of the dow. >> national dog appreciation day. >> yeah. and the dogs of the dow are probably some of the big winners today. we have nasdaq up 84. >> hot diggity dog. >> weird segue. >> check out markets in europe at this hour. there has been quite a bit of improvement in red. it's still red, except in greece. there were a couple down 2% and 3%, i think. oil up 39.46. the ten-year at this hour is at 2.12. that's quite a bit higher. got down below 2.00 in the height of the angst, but now back to 2.12. >> the big focus for the markets today is china. china's central bank pumping $28 billion into the financial system. pboc pumping it into the banks through liquidity operations. the announcement came 24 hours after their previous measures we told you about yesterday morning. the injection of liquidity came after the markets closed. as for the regular chinese trading sessions overnight, it was a volatile one, even with those attempts

i'm joe kernen with michele caruso-cabrera and scott wapner.at's enough, you know what i mean? >> thank you for being here. >> my pleasure. >> the bank of england leaving rates unchanged. take a look at the european equities. it seems that will be a headline some day when we talk about either europe or the bank of england, it's always unchanged, isn't it? >> we may not be working anymore. it will be so long in the future. >> what's your middle name? >> michael. >> nice. >> probably me that ever if i was arrested for something. >> scott michael wapner. they only refer to criminals with their middle name, right? >> you know -- >> except for andrew, of course. >> right. >> but you have the billy bob thing down south, a lot of guys are -- they use three names. >> sometimes. >> latin america too. >> yeah. >> but like every time you're, you know, a convict -- >> all right. lee harvey. u.s. equity if you tours. >> james earl. >> oh, geez. >> okay. yeah. had something to do with each other. >> i'm a history buff. >> dow jones now. that's why we're talk

i'm joe kernen along with michelle caruso cabrera. economic data i'm grad it comes once a month. the employment report. the jobless claims and the gig big number on friday we also have international trade and personal physical and spending. we have that going. when it's don't call it flat. when it's up i call it positive, which it is. >> now it's the high of the morning. >> it is. people are just in a good mood. >> ten points. >> that read you did going into the break. >> i call it my spanish voice. >> mr. president. >> among our top stories. >> there you go. go ahead. take it away. >> don't do that. >> no, why would i do that? >> among our top stories, they're literally yelling for me to read. among the stop stories, the greek market opened. it wasn't pretty. the index fell 23%. led by a sharp decline. alpha bank attica. the latest reading on chinese activity dropped for the fifth straight month. the purchasing index is at its lowest level. the shanghai fell more than 1% overnight. president obama expected to release few rules. it wi

. >> first in business world wide, i'm joe kernen. becky and andrew are off. u.s.ty. the dow you can see now about 108 points, continuing some of the downward pressure. i know it's been volatile up and down. for the most part, we've lost some ground in the last month or so in the equity markets around the world. >> it's worth noting the ftse is closed for a bank holiday. >>> the financial times is reporting that china will abandon large scale share purchases that have previously been used to boost the stockmarket. according to report, chinese officials believe they mishandled the stockmarket rescue efforts by allowing too much information to become public. regulators are now intensifying efforts to find and punish those suspected of destabilizing the market. worth noting that they have asked some state-owned news corporations to not public reports on the stockmarket performance. separately, gold man sax is slashing its forecast for china's growth over the next three years t. bank now expected china's gdp up 6.4% down from a free of estimate of 6.7%. growth expectat

." >> "squawk box" right here on cnbc first in business world wide, andrew ross sorkin, joe kernen is today. we have china shares surging 5%. speculating a bad news good news situation, eggs port data over the weekend showed a bigger than expected drop in july him that fuels speculation that further easing could be coming. it forced out the government to overhaul the enterprises. berkshire hathaway in a massive transaction. >> this is a deal. are you looking at it is happening. >> yes, it is. buying precision cast. >> if are you a pcp shareholder, congratulations, it's been a good morning. it's a huge company, 70% of the revenue is in the aerospace business. in the press release, here's what they have had to say. >> i've admired it for food reason, it is the supplier of the choice for the aerospace industry, really warren buffet confirming not only a deal but saying this is effectively a bullish bet. >> by the way a todd combs investment. i don't know if you know, two investors the hair apparents there if hair apparents on the investment side. he made one of the original investments i

i'm becky quick with joe kernen. andrew is off today. the count down to the jobs report is on.he labor department will be releasing the july employment data about 2.5 hours from now at 8:30 a.m. eastern time. here are the expectations. non-farm payrolls are expected to come in at 215,000. there are other estimates as high as 225,000. that would be closer to june's number of 223,000. as for the ploilt rate it is expected to hold steady at 5.3% marking a seven year low. again the report will be released at 8:30 a.m. eastern time and it's one that the fed is watching very closely. the last jobs report before they try to decide if they're going to raise rates in september. >> welcome back. >> thank you. >> we talked a lot about those rates. we've seen lockhart say they're going to do it. we had powell on who said still data dependent but a lot of people swinging toward september. >> yeah, you called this awhile ago. >> well, wishful thinking that they -- quarter point, you know? you can do it. you can do it. it's not going to -- nothing is going to happen. you can do a quarter poin

i'm michelle along with joe kernen and scott. becky and andrew are off today. no relief in sight for firefighters and residents in california. 144,000 acres destroyed by fire making it one of the biggest fires in recent history. over 13,000 people have been he vak -- evacuated. stocks in china surging on new rules to crack down on short selling. one would prevent borrowing and repaying shares on the same day. mark made comments earlier today on cnbc. >> they are desperate to try to keep this market up. and they're trying every rule in the book to do that. unfortunately as you know the more they do the more uncertainty is imposed on the market. >> something we have long discussed on this show. the government trying to prevent a collapse of the country's markets which lost nearly 30% since june. the news helping to spark a rally today. a gain of more than 3% in shanghai and shenzhen we have seen the imagine higher by nearly 5%. keep in mind you go down 30% you have to go up a lot more than that in order to recover. here's the greek stock exchange. market there op