i'm becky quick along with joe kernen and andrew ross sorkin.es from the opening bell on wall street. we've been watching the futures this morning and they've been in the red all morning long. of course based on where we've seen things the last few weeks that doesn't necessarily mean anything at the close let alone at the open. let's look at what's happening with the dow futures today. down about 60 points. and nasdaq down by 17. also in europe, similar trading patterns. the dax is the biggest decliner of the major aerges. it's down by about .75% and so is the cac in france. >>> let's look at headlines at this hour. goldman sachs cutting its oil forecast to $45 a barrel and the bank says the risk of that oil could fall could go down to $20 and that is rising. among the reasons there's a surplus of oil. also we should tell you the august producer price index due in just about 30 minutes. the headline inflation falling by .1%. and we've got new data from u.s. based stock funds in the week ending wednesday. lipper reports this follows $14 billion i

i'm joe kernen with with becky quick.t is mike santoli. >> today's big august story is the august employment report. we're about two hours away from the big number. forecasters are saying that the economy added 220,000 jobs last month. that would be up slightly from july but again those are very strong numbers if we see that coming in. if it happens the unemployment rate is expected to drop to 5.2%. if that's the case it would be near 7.5 year lows and that would create big issues for the fed to look at what's happening in the markets if you want to look at the futures this morning. that's going to be the decision they have to take. red arrows across the board. dow futures down to close to 200 points this morning. the nasdaq is down by 50. >> donald trump signing the gop pledge to back the party's nominee and not go independent. john harwood was there. he joins us now from washington. it's not legally binding i don't think is it? >> no. >> i just heard one quote and that's as long as i'm treated fairly i won't rip up the

i'm becky quick with joe kernen and andrew ross sorkin. it's a big day here. we're kicking off our 20th anniversary celebration. for the next few months we'll be doing that here on squawk box. we'll be bringing you panel discussions with some of the best in the bisz. they'll help us celebrate our anniversary by making original smarter television and giving you our viewers an exclusive look into the future. today kicks off with a focus on investing. our guest today is hedge fund legend leon cooperman and gabelli and rick rieder. we're excited to bring you this conversation all here at 8:00 eastern time and later this week, presidential candidate jeb bush and bill ackman but first let's get you up to speed on today's headlines. >> so that was the 20 year -- i thought it was 20 years since we had all been here at the same time. >> three months. >> no, three months. >> summer is up. >> beginning of game day. >> it's a feel good song. we are united. we have not seen each other for weeks. let's get caught up this morning. u.s. he equity futures.

i'm joe kernen along with becky quick and andrew ross sorkin.n a minute but first becky has the headlines. >>> asian markets falling overnight. the nikkei and hang seng both falling by over 2%. shanghai composite falling 1.4%. just out, the bank of england left its key interest rates unchanged as expected. markets there have been mixed throughout. but the u.s. equity futures are looking higher today ignoring what's happened in the morning. s&p futures up by 7. the nasdaq up by 15. again, this has been a morning with a lot of bouncing around. just in the last hour we were up by about 160 points for the dow. so we'll continue to see as the market fluctuates before the opening. >>> on today's economic agenda, three reports of note. weekly jobless claims, august import/export prices, and wholesale trade numbers. and the justice department is cracking down on white collar criminals. the doj issuing new policies that prior tiess prosecution of individual employees, not just their companies. this is according to to a memo issued worldwide. to turn over

i'm becky quick along with joe kernen and andrew ross sorkin.e crews are struggling to contain an explosive wild fire that started saturday afternoon. it's now swelled to 50,000 acres. more than 10,000 people have been evacuated. at least 100 homes have been destroyed. one person has died. we'll have more on the story. >>> now on the market news, check out the u.s. equity news. the fed will be making an announcement come thursday, that's a two-day meeting, wednesday and thursday. you can see ahead of that the dow futures look like they're up ahead 36 points. s&p up by 4, nasdaq up by 15. >>> we have a couple of big market stories we're watching this morning. disappointing economic data. fixed asset investment industrial producing falling short of estimates. retail sales did come in stronger than expected. shanghai composite closing down nearly 3%. volatile session shows that the index is dropping as much as 7% at one point. in other news out of china, government announcing that -- excuse me, government officials announcing that beijing will work

i'm becky quick along with joe kernen and andrew ross sorkin. be talking market expectations as investors countdown to the big fed decision that could raise rates for the first time in nine years and we'll find out today. the nasdaq is slightly positive. everything from serious policy de

i'm becky quick with joe kernen. andrew is off today. our guest host is mike santoli.a look at what's been happening. overnight we did see weakness after the weaker closes in asian markets but things have been picking up through the course of the overnight hours. the dow futur

i'm becky quick with joe kernen and andrew ross sorkin. at this point there look to be red arrow. dow futures down continuing declines from yesterday in the market. first, two developing

i'm becky quick along with joe kernen and andrew ross sorkin. pope francis will arrive in the u.s.ntiff will visit three cities, washington, new york and philadelphia. as you would expect security will be tight and traffic incredibly difficult. in addition some apple iphone customers could be impacted. >> but first, yesterday saw gains with the dow up by a125 points. thisor

i'm becky quick with joe kernen and andrew ross sorkin. it's a big day here. we're kicking off our 20th anniversary celebration. for the next few months we'll be doing that here on squawk box. we'll be bringing you panel discussions with some of the best in the bisz. they'll help us celebrate our anniversary by making original smarter television and giving you our viewers an

i'm becky quick with joe kernen and andrew ross sorkin. our guest host is larry.to see you. >> nice to be here, beck. >> it's a huge day for sports fans today. the nfl season finally kicks off tonight on nbc after an off season dominated by deflategate controversy the new england patriots are taking on the steelers. tom brady will be on the field. we'll talk about everything that's happening with this. meantime at the

i'm becky quick with joe kernen. andrew is off today. our guest is mike. senior columnist at yahoo! finance. we also talk about what happens with drones. the potential damages and things that might be happening with

i'm becky quick along with joe kernen and andrew ross sorkin.ews are struggling to contain an explosive wild fire that started saturday afternoon. it's now swelled to 50,000 acres. more than 10,000 people have been evacuated. at least 100 homes have been destroyed. one person has died. we'll have more on the story. >>> now on the market news, check out the u.s. equity news. the fed will be making

i'm becky quick with joe kernen and andrew ross cosorkin.g on to the gains in the morning futures. right now it looks like there are some moderate red arrows when you look at the futures boards today. dow futures down by 15 points below fair value and the nasdaq close to 11. we'll have more on the markets in a minute but first breaking news out of saudi arabia this morning. a stampede leaving at least 310 people dead. hundreds more injured. this crush happened about three miles from the holy city of mecca. this year's pilgrimage

scott wapner is in for joe kernen. 90 minutes way from the opening bell on wall street. the dow looks like it will open down by 122 points off. s&p 500 off by 16 points and nasdaq looking to open off by 33 points. check out the markets in europe at this hour as well. we do have red arrows across the board. dax off 1.5%. ftse off 1.5%. >> we've been talking about space this morning and for you star gazers out there you were treated to a rare astronomical phenomenon last night. the moon was close to the earth. that supermoon and lunar eclipse could be seen in european, africa, south america and the middle east. it's the first time it made an appearance like this since 1982 and won't happen again until year 2033. the blood moon lasted for about one hour and 12 minutes. so if you were sleeping, even so briefly you missed it like i did. i woke up at 12:15. didn't get to see anything. >> other stories, investors will be talking about today. alcoa splitting into two publicly traded companies. one will deal with upstream activ

i'm joe kernen along with becky quick. i thought it was over. it's not. things to do, obviously. sorry, david. big interview of the 8:00. chanos is still here in studio this morning for the 20th anniversary conversation. kynikos associated founder jim chanos. it was like you saw god or something. you like the idea of getting rid of the interest deduction. you think democrats could go for that? >> i think some could, yeah. i think actually simplifying the tax code, reducing deductions and focusing on equity, not debt. >> you talk of this as -- >> i think they're going to try to shoot this one down. it guts a few industries. >> we didn't have time to talk about everything, but it is a bright spot in the economy from time to time. as is actually some of the other wall street-related industries. that's been one of the arguments. is that's working. why mess with that when it's something we lead the world in? does that concern you? >> most hedge funds. >> fair isn't a word you can use. >> this isn't an issue for most hedge funds. carried interest is a way to tu

i'm joe kernen, becky quick is off today, here with steve liesman. september with a big move in the futures. and it's not up, it's down. what is that? oh, that's -- okay. down less than 2%. okay. it was a suggestion just to make us feel better, but if we're going to show people we need that 300 number. down 320. down 39.83 on the s&p. down 94 on the nasdaq. why? overnight manufacturing data from china, it contracted at the fastest pace in three years. as with we noted earlier, those are the numbers they were willing to give us. could even make it look better, still a contraction, not even an expansion in china. that's so different than what we're used to. >> growth is still officially projected at 7%, officially. >> which is like -- i mean, no one really thinks it's 7%. what do -- >> i here a lot of 6s. >> 6s? >> yeah. >> refuse new is two to three. >> they would kill for 6. a real 6? >> yeah, that -- >> here you have a government, part of its response to a financial problem decided to arrest journalists who will talk about what the -- whether or not

i'm becky quick with joe kernen and andrew ross sorkin.e'll talk about the fed and the market reaction in a moment. but first, check this out everybody. close friend of the show. jordan spieth hitting a hole in one. yes it happened on par 3. the par 3 2nd at conway farms golf club. that's in lake forest illinois. one bounce off the run on to the green and right into the bottom of the cup. >> wow. >> okay. let's get you caught up on the market news in the morning. got to love that. u.s. equity futures at this hour after the feds decision not to move. >> janet yellen and the feds. it is a group. and he's not even complaining. >> he's not complaining. >> dow looks like it would open down about 55 points right now. just broke up to 57 points. s&p 500 down 7.5 points as well and the nasdaq open off about 17 points. the fed of course, we're doing it again. we're doing it every day. >> what if they had raised what would the markets have done. >> no idea. >> 110 points to 7-year-old 0 interest rate policy. market odds for december hike still above

i'm becky quick with joe kernen. andrew is off today. our guest host is mike santoli.ake a look at what's been happening. overnight we did see weakness after the weaker closes in asian markets but things have been picking up through the course of the overnight hours. the dow futures are higher by 40 points. s&p futures up by 3. the nasdaq up by 18. we'll have more on the markets in just a moment but first sad news this morning. legendary baseball catcher and new york yankee's icon yog icon yogi berra died at 90. he went on to coach and manage several teams including the yankees and mets. each of wch he took to the world series. he was well-known for his comments or quotes. things that were called yogisms. it ain't over until it's over. nobody goes there it's too crowded. >> i knew him. he was a sweet, gentle man. he was in his 80s when i finally met him. played golf with him. he had a tournament every year and i knew his wife pretty well too. carmen and she was a real sweetheart and a huge squawk box fan and once she passed, she passed not that long ago and yogi, they

i'm becky quick with joe kernen and andrew ross cosorkin. not able to hang on to the gains in the morning futures. right now it looks like there are some moderate red arrows when you look at the futures boards today. dow futures down by 15 points below fair value and the nasdaq close to 11. we'll have more on the markets in a minute but first breaking news out of saudi arabia this morning. a stampede leaving at least 310 people dead. hundreds more injured. this crush happened about three miles from the holy city of mecca. this year's pilgrimage began tuesday. we'll continue to follow this story throughout the morning. >> other big stories this morning as we switch gears back to business. on the agenda going on, a number of key economic reports at 8:30 eastern time, weekly jobless claims and durable goods. we got new home sales in the kansas city fed survey coming up as well and janet yellen has a speech scheduled for 5:00 p.m. eastern time today. the title inflation dynamics and monetary policy but no q and a from the audience. if you have q

i'm becky quick along with joe conce kernen and ross sore kick. "game of thrones" won 12 emmy awards including best drama. and a special moment at the end of the night when tracy morgan walked out to present the award. this was his first return to the stage. we will bring you more of the emmy highlights just a little bit later this morning. first, let's get you caught up to speed with where the markets stand this morning. last friday you saw a selloff after the fed decided not to raise rates. this morning there are green arrows on wall street. the dow up 75 points. the nasdaq up by 28. >>> we've got a couple big stories that we're watching this morning. san francisco fed president john williams said last week's fed decision to hold rates steady was in his words, a close call. increased concern about the global economy in the financial system led policy makers to wait on a hike. we will see how long that wait lasts. jim bullard awaits and says it's too influenced. president bullard will be joining us right here in studio for two hours this morning

i'm becky quick along with joe conce kernen and ross sore kick.rones" won 12 emmy awards including best drama. and a special moment at the end of the night when tracy morgan walked out to present the award. this was his first return to the stage. we will bring you more of the emmy highlights just a little bit later this morning. first, let's get you caught up to speed with where the markets stand this morning. last friday you saw a selloff after the fed decided not to raise rates. this morning there are green

i'm becky quick along with joe kernen and andrew ross sorkin. pope francis will arrive in the u.s.oday. the pontiff will visit three cities, washington, new york and philadelphia. as you would expect security will be tight and traffic incredibly difficult. in addition some apple iphone customers could be impacted. >> but first, yesterday saw gains with the dow up by a125 points. this morning there are red ar sows. the dow is indicated to open lower by 187 points. s&p futures down by 24 and nasdaq down by 61. >> chinese president has arrived in the united states. he's going to begin in seattle to meet business leaders including tim cook, bill gates and bob iger. and then to washington with an official state visit. he is defending the leadership of the chinese economy. he promises that slowing growth and market swings won't stop needed reforms. meanwhile, he is calling on china to keep it's economic commitments. he says beijing should set it's sights on policies that will further it's reform agenda such as targeted agenda and they should be subject to upward pressure that would drive

. >> given joe kernen's love for the shock "the walking dead," i will use this analogy, rose, 50 or $55here producers are making just enough or breaking even to keep produce and keeping those numbers high? is that a worse case scenario? >> this way, i don't think we can have these prices because it keeps the market unbalanced. i think in the next two quarters, likely to see the violent swings to find that ban and within two or three-quarter, the u.s. production will adjust by half a million down and the second half of 2006 look more balanced in that case. >> roger diwan, good discussion, roger, leave it there thanks for joining us. >> bye bye. >> when we come back this morning, we will head down to the new york stock exchange and hear from jim crime ber these wild swings in the markets. he will tell us what inspectors can expect today on wall street. check out the futures this morning, bouncing back. at this point, looks like the dow futures up almost 2 pound points, after a 470-point decline. s and p futures up by 21 nasdaq, 58. "squawk box" will be right back. can it make a dentist ap

i'm becky quick with joe kernen and andrew ross sorkin. at this point there look to be red arrow. dow futures down continuing declines from yesterday in the market. first, two developing stories to tell you about outside the world of business. at least 8 people are dead and five more believed missing after severe flooding yesterday near the utah arizona border. heavy rain swept away a roadway and these are floods that came up very suddenly. three people at least have survived the incident. there are at least approximate 13 fires burning right now. hundreds of homes destroyed. we'll have more on both of these developing stories a bit later this morning. first andrew has today's business headlines. >> let's get you caught up on the stories this hour. the bank of japan is holding off on expanding it's stimulus program but warning that a slow down was putting further strains on the economy. some economists say the boj could ease again next month. we'll watch that. take a look at what's going on with the nikkei closing today marginally up about .34%. also we have stocks closing down mo

i'm becky quick along with joe kernen and andrew ross sorkin. we'll be talking market expectations as investors countdown to the big fed decision that could raise rates for the first time in nine years and we'll find out today. the nasdaq is slightly positive. everything from serious policy debates to awkward high fives between donald trump and his rivals. a lot of attacks too. before we get to today's other business headline wes have a developing story for you. a major magnitude 8.3 earthquake off the coast of chile shaking the country leaving 3 people dead. waves of up to 15 feet pounding coastal areas. a billion people evacuated. this quake was to powerful that it was felt across the continent. we'll tell you more about this as we continue to follow the story through the morning. >> let's tell you about the big business stories that we're watching. the global markets are in a wait and see mode ahead of the fed decision. that comes at 2:00 eastern. you won't want to miss it. it tint stop another volatile trading session in china overnight. the