joe kernen on one side, sicily on the other side of the screen. >> gentiloni versus joe kernen -- >>ou can't start until you get there. so trump can arrive really when he wants. far be it for me to correct you, sara, but i doubt whether it's called the greek theater in italy. >> it's called the greek theater. >> i'm kidding. it is in taormina. it's something to see. you can have a three-hour lunch in sicily. >> three hours is not long enough. >> no, there's wine. it's the greatest place. any way -- >> willem marx got that assignment. we're very jealous of him. >> wilfred, are you really wilfred? he's willem. >> no, mine is a soft "w." >> very, very confused. you know what? it's supposed to be dry tomorrow. it might even be warm tomorrow. that's what i was thinking, what do i promo in the show? i'm pro mowpromoing spring some. >> i'm flying west coast to make sure i get good weather. >> official kickoff of summer this weekend. >> it's taking its time. >> we had that one day when it was 100 degrees. the markets what about it, huh? we had that one day where we thought the vix might stir

joe kernen has a look at what's coming up. >> we'll summarize a lot of the big stories.alk more about the budget. we'll roll out some of the usuals usual s suspects. we have the governor of new york to talk to. also senator rob portman. larry lindsay. wilf, i think we're all still dealing with the aftershocks of that attack. now that, you know, seeing some of the victims, the teens and tweens, and the hideousness of the attack itself. that doesn't go away quickly. must have been a tough day for you. tough for everyone. but now we've got -- once you find that maybe it was part of a larger cell or that there were associates, you go to an imminent. i don't know whether you have friends over there or not, and whether you talked about it. it also, not to immediately politicize it, but when is the election? because this is -- any -- her lead was narrowing. anything that was narrowing, i would think it's gone back to where it was and maybe widened from where it was. >> i don't know about that. they suspended campaigning. >> i understand that. >> the threat level is decided inde

i'm becky quick along with joe kernen and andrew ross sorkin. looking at u.s.futures, the dow moved up. markets higher. th this morning, the dow down about 32 points. the s&p down by 4 1/2. the nasdaq down by 16. yesterday apple shares were picking up as we headed into the close, before they came out with the earnings. apple, as a dow component helps across the board with these things. that did boost things as we headed into the close. we'll talk more about apple shares and what happened after the bell. that's an indication of why you see things lower. overnight in asia, markets in japan,

i'm becky quick, along with joe kernen, and andrew ross sorkin.dom is holding a moment of silence for those who lost their lives in the manchester bombing. [ bells toll ]

joe kernen has a look at what's coming up. good morning. >> i'm with you, wilf. it differently. you say it by saying, you know, a billion out of 256 billion. with me, it's like, really? a billion out of 256 billion. you're much more gentile. >> i don't like him attributing it to we have to do our part to push back and he would not have done this if not for president trump pressing on him to do so. >> maybe he'll do more when they lower the tax rate. >> they have plenty of money to borrow over here knowing what they have over there. they acan do more than a billio dollars. but fine. that's leading to another point about you being gentile. i was tuning in to the le pen/macron debate yesterday on c span 3. >> yeah. >> i had not only -- not only did they have subtitles, i had a translator. it was so good. i was expecting a gentile discussion. it was so far from that. it was so much like one of our debates. you know, le pen has some baggage. i understand she's an underdog, not going to win probably, but the stuff she said about the euro and the stuff she said about br

. >> joe kernen is here, melissa lee is here. becky quick is not here. we'll see her tomorrow ahead of the berkshire health away athaw. the futures, dow looks like it would open higher by 46 points. nasdaq 8 points higher. the s&p about 6 points high. overnight in asia, the nikkei was closed for holiday. the shanghai was flat. there was the debate in france, you're looking at just about everything on the way up in the green there. finally a quick look at crude. you can buy a barrel of wti crude for $47.49. >> here are the big stories we're watching. a phishing attack has targeted google's 1 billion g-mail users. an e-mail coming from a trusted source asks you to open a google document and it redirects you to a page to open a google goc pdo page, which then trooef retrie e-mail addresses. >>> tim cook saying apple will start a $1 million fund to promote manufacturing jobs in the united states. >> we're creating an advanced manufacturing fund. we're initially putting $1 billion fund in the fund. >> this i did not know about. >> we're announcing it today, y

i'm kelly evans along with joe kernen, andrew and becky are off today. let's check on the markets first. we had a rebound nicely yesterday after that deep selloff the preceding day. it looks like we're headed in that direction. the dow implied to open higher by 30 points. s&p up 6, flaz dnasdaq up 16. asia, europe, we're not seeing brazil up there. the nikkei. quiet across asia. shanghai barely higher. hang seng and nikkei up less than 0.2%. in europe, stocks reacting more sharply yesterday. today a knock on gains, ftse mib leading higher in italy, 0.89%. the german dax up 0.3%. the ftse 100 up 0.50%. it's maybe a focus on brazil, argentina coming into the discussion of late. here's crude, up about 1% on wti, 49.84. brent up to 53 bucks. nat gas up 0.2%. the ten-year note at 2.118% has moved up nicely. now 2.247. you'll take it in this kind of environment. and the dollar which has weakened substantially over the past couple of weeks hanging around 97 1/2. it's down about 0.4% this morning. finally gold. see how the yellow metal is doing. when will we add

i'm becky quick, along with joe kernen, and andrew ross sorkin. the united kingdom is holding a moment of silence for those who lost their lives in the manchester bombing. [ bells toll ] >> again, a moment of silence for the victims of the manchester bombing. political parties in the uk are expected to resume election campaigns this morning. new this morning the bbc is reporting that british police have stopped sharing information on the manchester bombing with the united states because of fears that leaks in the u.s. media could hinder the hunt for a possible bombmaker. at issue are pictures of the crime scene published by the "new york times," including photos of the remains of the bag that was carried by the suicide bomber. prime minister theresa may will raise the issue with president trump today. this is one of the most important intelligence sharing efforts in the world. the expectation is that this will not last for long. if you see the picture on the cover of the new york times this morning, this is what has caused some of that outrage. pi

exciting for all the fans, and you know, it was exciting for me to watch. >> now i know dustin, joe kernenw has a question for you, as well, and you know he's an avid, avid golfer. he may have some questions for you about the game. joe? >> and just commissioner monahan, wishing him luck. what a tough act to follow of what finch up was able to do. and fedex, love everything about fred smith's legacy. and it is a great deal and it's great for golf. but dustin, great putt on 18. i guess you're as healthy as you need -- you're back, right? i mean there's no question that that back injury is history, right? you made the cut on the number and almost won the tournament. which is weird. >> yeah, i mean, the back's great, you know, i'm very healthy, and yeah, i'm very pleased with the way i played on saturday and sunday last week. got off to a little bit of a rough start there on saturday, but other than that it was, it was very, you know, i'm very pleased with it. >> only putt better was i guess brian harman's. but that was like the longest putt you made in four days, too, wasn't it? so if you had

i'm melissa lee along with joe kernen. becky and andrew are off today. let's see how we're setting up for the u.s. session today. the dow looking to add about 4 points at the open. the s&p looking to give back in the early going here. a look at the currency markets. of note, the surge in the euro topping 1.10 in early trade. traders citing concerns over the reports that the president disclosed highly classified information to russia's foreign minister. more on that in a moment. also traders are saying risk sentiment in the markets have improved. also the yen versus the dollar for the month of may is down 1.7%. look at dollar index here falling to a six-month low against the basket of currencies. 98.56. the action overnight in asia, of note, the hang seng. the hang seng hitting the highest level since june of 2015 during that session. the picture of europe here, inflation data hit the tape moments ago. a mixed bag. fractional losses in germany and france. >>> home depot just out with first quarter results. earnings of $1.67 a share, coming in 5 cents abov

. >> but he also apropos of what joe kernen just said, it was like he was on "squawk box" playing joe's music. he's not talking about trump getting impeached, but getting it done, and if he gets it done -- we have kind of stopped hearing that. >> you've said this before, yeah, you, you've said this before. this market right now is doing well because i think we are seeing some fundamental improvements in the economy. >> individual stocks. >> as long as we think that there is an opportunity for trump to get something done, this market will be fine. >> yes. yes. i'm glad it's held off to 2018. >> so i go to your famous line of your show -- there's always a bull market somewhere. the question is with all these sectors that have raced ahead, where are the best places to investment in the u.s. market given what shiller told us and what you guys think are the places to courtney you run a portfolio in chicago. >> i'm running my own portfolio, but we trade on behalf of a lot of institutions. and it's diversifiediversified. >> what are you doing? i want to know what -- >> i bought oil field servi

joe kernen has a look at what's coming up from new york. >> we will have any developments coming outf the latest attack which, you know, with the president just having made a speech about extremism and everything else, hard to think that it wasn't maybe planned to some extent. it highlights the pure evil we're talking about. talking about kids here at a concert. you can imagine the parents that have kids there. not a great morning to start nipg things off with. we'll continue to update that. we have a show that was planned with kevin mccarthy. so anything that involves the agenda, in terms of tax reform, obamacare, we'll field some questions. we'll start with colonel jack jacobs, we'll have bill bratton on. it is still frightening, does prove that these guys can still act at any time and you wonder how many of these bad actors are still around in the uk and other parts of europe. you have to be concerned about here as well. one of those mornings again. back to you. >> we're awaiting any moment a word from prime minister theresa may. >>> coming up, the must reads in the papers, includ

i'm andrew ross sorkin along with joe kernen. r guest host is joe terranova, senior managing director and a "fast money" trader. becky quick, we'll get to her in a moment. >> good morning. >> joe will take a quick check on the markets. we're coming to you in two seconds. this is confusing? me? >> you. >> yes. >> got two joes. u.s. equity futures at this hour have been a bit weak in the -- for the morning. you know what? just the dow futures. that might have something to do with what becky is going to tell you about. the s&p is actually up a point. the nasdaq is up about four. the nasdaq had some rough sledding lately. the dow is the index down today. down about 21 points. crude prices coming off a loss of about 5%. wti posting the lowest close since november. joe, i ae lewd eluded to it. it's sitting there at one price, then a totally different price. you think it has to do with the world we live in now? >> absolutely. at 11:20 p.m., oil is trading 45.25 and the next hour 43.76. >> how does that happen? >> we're the world is chasi

i'm andrew ross sorkin along with joe kernen. t host is joe terranova, senior managing director and a "fast money" trader. becky quick, we'll get to her in a moment. >> good morning. >> joe will take a quick check on the markets. we're coming to you in two seconds. this is confusing? me? >> you. >> ye

live from the nasdaq market site in times square, i'm melissa lee along with joe kernen. is guy adame, a fast money trader. as joe was mentioning a bloodless coup happening this morning. >> bloodless now. it's early. >> i'm watching you two. don't get any ideas. you have two-thirds of the fast money -- >> until the end of the show. >> we have two-fifths of fast money. two-thirds now of "squawk box." math i though is tricky. >> we're all cnbcers. >> i like that, we're all team. >>

live from the nasdaq market site in times square, i'm melissa lee along with joe kernen. ining me is guy adame, a fast money trader. as joe was mentioning a bloodless coup happening this morning. >> bloodless now. it's early. >> i'm watching you two. don't get any ideas. you have two-thirds of the fast money -- >> until the end of the show. >> we have two-fifths of fast money. two-thirds now of "squawk box." math i though is tricky. >> we're all cnbcers. >> i like that, we're all team. >> there's no i in team, but there's an "me" in team. >> always has been. well, i'm happy to be here. >> you're fired up. if you're up at 4:00 a.m., you might as well get fired up. >> why not. if you put in that -- what time did the alarm go off? >> 4:05. >> so you -- >> i'm a 3 handle. >> me, too. >> you say you can do this. you did it once. try five out of five. >> i can barely do this. >> 52 out of 52. >> you're a stud. i say it all the time. >> we have a big market day. good to have you here. a check of u.s. equity futures. this is what we've been matching all morning long. this could be

i'm joe kernen along with becky quick and melissa lee.r indicated up a little bit. trying to -- no, well the s&p is up. the s&p is up 1. the dow has now turned negative down less than a point. the nasdaq continues to be strong on a relative basis up almost 12. check out european markets this morning, they were mixed earlier. and continue to be so. red in most of the bourses but not by much. half point -- half of a percentage point is the biggest move in italy. here's what's making headlines right at this hour. the federal reserve will release the minutes of its most recent meeting at 2:00 p.m. eastern time today. liesman went to d.c. for the release of these minutes. i told him your gravy train is ending. microanalyzing every little comment -- >> who was it we talked to this week said the fed is here and here to say. >> el-erian can talk about that. they said the fed is trying to get out of some of this stuff but basically they never will get out. mohamed is here. there is a term for when there's a crisis and the government designs a prog

i'm becky quick along with joe kernen and andrew ross sorkin. looking at u.s.quity futures, the dow moved up. markets higher. th this morning, the dow down about 32 points. the s&p down by 4 1/2. the nasdaq down by 16. yesterday apple shares were picking up as we headed into the close, before they came out with the earnings. apple, as a dow component helps across the board with these things. that did boost things as we headed into the close. we'll talk more about apple shares and what happened after the bell. that's an indication of why you see things lower. overnight in asia, markets in japan, hong kong and south korea were closed for holidays. in the early trading in europe this morning, ahead of that final debate between the last two candidates in the french election, you can see the cac is off by a third of a percentage point. ftse is also down. crude oil yesterday down, and down once again as pumping in libya and the united states more than made up some of the cutbacks. we closed below $48 yesterday. right now 48.04. >> on today's agenda the fed concluding

i'm andrew ross sorkin along with becky quick and joe kernen.quick look at the futures after a three-day weekend. you're looking right now, a little bit of red. dow looks like it would open off about 19 points. nasdaq off about a point and a half and the nasdaq -- i'm sorry, s&p 500 down about 3 points. here's what's making head lines. the shortened trading week beginning with a handful of economic reports before the opening bell. here's what's on tap. we're going to get april figures on personal income and consumer spending at 8:30 eastern time. 30 minutes later the march case shiller report on home prices will be out. also the u.s. may ban laptop computers on all flights. this is a big change in and out of the country. homeland security secretary john kelly says that terrorists are obsessed with the idea of bringing down a passenger jet and that the u.s. needs to raise the bar on airline security. we talked about it earlier but it would have a huge impact on airlines, both u.s. and foreign. separately the battle over dutch paintmaker akzo nobe

i'm melissa lee along with joe kernen. becky and andrew are off today.ee how we're setting up for the u.s. session today. the dow looking to add about 4 points at the open. the s&p looking to give back in the early going here. a look at the currency markets. of note, the surge in the euro topping 1.10 in early trade. traders citing concerns over the reports that the president disclosed highly classified information to russia's foreign minister. more on that in a moment. also traders are saying risk sentiment in the markets have improved. also the yen versus the dollar for the month of may is down 1.7%. look at dollar index here falling to a six-month low against the basket of currencies.

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at u.s. equity futures.n days in a row that the s&p 500 and the nasdaq have been higher. both of those indices coming off new highs once again from friday. you can see this morning things are relatively flat. if the somebody manages to close up for another day this morning, it's the first time we'll see eight days in a row for gains in the s&p 500 in almost eight years. you have to go back to july of 2013. look now again at things relatively flight. dow

joe kernen is off today. let's look at the u.s. equity futures.y are continuing what we saw at the end of the session yesterday. a bit of weakness. dow indicated down by 52 points. s&p futures down by 3 points. the nasdaq, which set a new high yesterday, is down by 2 1/2 points. we'll continue to watch all of this as we get closer to the opening bell. look at what happened overnight in asia. the nikkei was up by 0.3%. hang seng closed up a half percentage point. the shanghai down by almost 1%. in europe, things have barely, barely, barely budged in germany. relatively flat. same thing in france with the cac. the ftse in london up by

i'm kelly evans along with joe kernen, andrew and becky are off today.heck on the markets first. we had a rebound nicely yesterday after that deep selloff the preceding day. it looks like we're headed in that direction. the dow implied to open higher by 30 points. s&p up 6, flaz dnasdaq up 16. asia, europe, we're not seeing brazil up there. the nikkei. quiet across asia. shanghai barely higher. hang seng and nikkei up less than

i'm andrew ross sorkin along with becky quick and joe kernen.futures at this hour. this music is very lively. dow looks like it would open down about 12 points off. nasdaq off marginally about half a point. s&p 500 off about a point and a half. here's what's making head lines, two economic reports out ahead this morning. the government will be out with durable goods orders for april at 8:30 eastern time. consensus forecast calling for a 1.8% decline. we're also going to get first revision, rather, of the first quarter gdp. that's expected to come in at 0.8% annual rate. that's slightly faster than the initial reading. also u.p.s. has been fined nearly $247 million after being accused of illegally shipping large volumes of untaxed cigarettes in new york state and new york city. u.p.s. says it is disappointed in the decision and plans to appeal. calls the penalty, quote, excessive, given that the shipments in question generated only about $1 million in total revenue. of course they say they weren't the ones actually sending the cigarettes, they we

i'm kelly evans along with joe kernen and scott wapner this morning.r -- there was a time limit. >> put him on the clock. >> like the nfl draft, you have ten minutes to come up with something good. if not, you're out of here. >> let's check in on the futures. we are seeing continued weakness this morning. yesterday the dow had

i'm andrew ross sorkin along with joe kernen and melissa lee hanging out with us today.the day off. take a look at u.s. equity futures. dow opens up higher, about 19 points higher. nasdaq up as well. 4 points higher. s&p 500 about a point and a half. this is wh

. >>> still ahead, more on joe kernen's testimony, including the news huma abedin forwarded classified e-mails to her husband, anthony weiner. >>> we continue to following that breaking news out of london. buckingham palace confirming prince philip stepping down from royal duties. live to london next. wake up skin. neutrogena® hydro boost hydrating tint. the first water gel foundation with hyaluronic acid it plumps, quenches... delivers a natural, flawless look. this is what makeup's been missing. neutrogena® if you have moderate to severe plaque psoriasis, isn't it time to let the real you shine through? introducing otezla, apremilast. otezla is not an injection or a cream. it's a pill that treats plaque psoriasis differently. some people who took otezla saw 75% clearer skin after 4 months. and otezla's prescribing information has no requirement for routine lab monitoring. don't take otezla if you are allergic to any of its ingredients. otezla may increase the risk of depression. tell your doctor if you have a history of depression or suicidal thoughts, or if these feelings develop. s

live at the nasdaq marketsite in times square i'm andrew ross sorkin along with becky quick and joe kernenuick look at the futures this morning, see how things are setting themselves up for the day. dow looks like it will open up close to 20 points higher, s&p up 2.5 points, the nasdaq a little over 10 points higher. we'll flip that board around show you what's going on in europe right now. again, green arrows pretty much across the board with the dax and ftse 100. yeah i think gotten a little bit better. the pound falling today. we mentioned earlier, hitting a six-week low against the dollar after a projection by poland company ugov showing theresa may's conservative party falling short of a majority in next week's uk election. conservatives could lose as many as 20 seats. they currently hold a 17-seat majority. we also have some other headlines. the federal reserve set to release its beige book today. the region by region assessment of the u.s. economy is going to be released at 2:00 p.m. eastern time. also whirlpool will ask u.s. officials to impose trade barriers on washing machine imp

live at the nasdaq marketsite in times square i'm andrew ross sorkin along with becky quick and joe kernenng out together. i think that was the first time in awhile. >> it's permanent now. >> take a look at the futures right now. dow looks like it would open off about 35 1/2 points. nasdaq down as well close to nine points off the s&p 500 looking to open down by five points. some of the big headlines of the morning. we're now about 90 minutes away from two key economic reports. the consumer price index. also retail sales for april that comes out at 8:30 eastern time. retail sales rose 0.5% last month with consumer price index up 0.2%. >>> anthem has lost a court battle to keep cigna from terminating their merger deal. a delaware judge requiring them not to end the transaction. anthem has until noon monday to decide whether to appeal. cigna pulling out of the transaction. it accused anthem of following a failed strategy to win regulatory approval. >>> separately a judge has ordered walmart's ceo to submit to questioning in a lawsuit surrounding alleged bribery by the mexican unit. he was pr

i'm becky quick along with joe kernen and steve liesman.es at this hour have been indicated higher, despite this news overnight from this terrorist attack. you can see things are stable here in the united states. they are in europe, as well. right now the dow futures are indicated higher once again. up by about 47 points. s&p futures up by 4. the nasdaq up by 10. if you take a look at what's been happening in the european markets you will see that in the uk, stocks are actually slightly higher. ftse is indicated up by better than 0.1%. the cac is indicated up by 0.7%. the dax indicated up by more than half a percent. >>> a developing story out of the united kingdom. 22 people killed in a suicide bomb attack in manchester after an ariana grande concert last night. willem marx joins us on the phone with more from manchester. willem, the choice of the -- you know, it's hard to make it any more kidious. you're talking between and teenagers. so just the choice is telling, isn't it, in terms of how evil this was? >> absolutely. you know, we've se

joe kernen is off today. let's look at the u.s. equity futures. they are continuing what we saw at the end of the session yesterday. a bit of weakness. dow indicated down by 52 points. s&p futures down by 3 points. the nasdaq, which set a new high yesterday, is down by 2 1/2 points. we'll continue to watch all of this as we get closer to the opening bell. look at what happened overnight in asia. the nikkei was up by 0.3%. hang seng closed up a half percentage point. the shanghai down by almost 1%. in europe, things have barely, barely, barely budged in germany. relatively flat. same thing in france with the cac. the ftse in london up by 0.2%. check out crude oil prices, which went fuderwacken again yesterday, according to mark grant. wti is up by just 1%, to 46.36. brent crude sitting at 44 th49.. >> president trump abruptly fired james comey. comey learning of the firing while speaking with fbi agents in los angeles. this morning there is bipartisan outrage as congressional members on both sides express concern about the sanctity of the ongoing i

we're live at the nasdaq marketsite in times square i'm andrew ross sorkin along with joe kernen.maha this morning speaking with berkshire hathaway chairman and ceo warren buffett. and we're going to get back to here and mr. buffet in just a moment. but we do want to show you the futures right now, after some big news over the weekend, perhaps impacting markets. dow looks like it would open, well, just down marginally about three points. we can call it virtually unch and the s&p 500 up a point and a half and the nasdaq up three points and a and a half. the big news over the weekend the french election coming out as anticipated with emmanuel macron beating marine le pen by a wide margin. macron won 66.1% of that vote. le pen had promised to pull france out of the eu if she won. also, coach just announcing a deal to buy clothing and accessories maker kate spade. the deal is worth $18.50 per share in cash. it's a 27% premium of prior to when the deal was first speculated about in the press. total deal value, $2.4 billion. coach says it will be able to save about $50 million in costs

live at the nasdaq marketsite in times square i'm andrew ross sorkin along with becky quick and joe kernen up after what some people had worried might be down given this cyber attack we heard about over the weekend. dow looks like it would open up about 35 points, nasdaq up about 3 points and the s&p 500 a little over 3 points. here's what's making headlines. united airlines finding itself in the news once again. this time some of the carrier's cockpit door security codes were inadvertently posted on a public website. however officials at the pilots association said the problem has been solved. also, over the weekend, jetblue picking up family off the plane because they had a cake on the plane. they were going to celebrate the mother's 40th birthday, headed to las vegas with two kids, they put it under the seat, then they put it in the overhead. the police came on. >> what? >> it was not a good situation. they rebooked the entire flight. it was another one of these sort of examples -- >> was it a dangerous cake? >> the police came on, there's video of it, where the police -- >> why? >> pol

i'm kelly evans along with joe kernen and scott wapner this morning.f you don't answer -- there was a time limit. >> put him on the clock. >> like the nfl draft, you have ten minutes to come up with something good. if not, you're out of here. >> let's check in on the futures. we are seeing continued weakness this morning. yesterday the dow had 370 point selloff, we're implied to open lower by 87 points. the s&p implied to open lower 8. the nasdaq down 27 having the worst day since brexit last june. the dollar has been in a slump. kind of unchanged right now. 97.50. not long ago we were up above 100 and talking about going higher. big reversal. the yields have been falling. i guess roiled by the stuff happening in washington. the ten-year below 2.2%. 2.188. how about europe. the nikkei down 1.3%. hang seng down 0.2%. shanghai down half a percent to 3,090. over to europe, i love how they react to the weak day we had and set us up for another day of weakness. >> the chicken egg tail waging dog thing. >> theftse mib down. the ftse 100 down 1.5%. the german

i'm andrew ross sorkin, becky quick is here and joe kernen is off this morning.you some treasury yields right now. the te10-year right now, 2.93 a we have some headlines. >> looks like we're just getting some macy's earnings that are out. i just have headlines at this point. i haven't seen a press release. looks like earnings are coming in at 23 cents a share, which is below the 35 cents expected. and first quarter sales at 5.34 billion, just below the 5.46 billion that the street had been anticipating. these are numbers coming in from the headlines here. it does look like it's a miss on both the bottom and the top line if that's the case. shares of macy's down by about 4%. people have been watching very closely to see how the retails are have been faring, particularly retailers like macy's where you've seen department stores that have seen massive pressure coming from on. macy's itself has a very strong online presence but again, amazon has made massive inroads into all of those stores. >> and macy's saying we remain on track, it's important to meet our 2017 gui

i'm becky quick along with joe kernen and melissa lee. a look at the futures at this hour. you're going to see that things have picked up a little bit. dow futures up by 18 points. s&p futures up by 2. the nasdaq up by close to 4. we've been keeping track of what's been happening with the treasury market. yields have come under pressure. the 10-year note is 2.52%. and we're watching oil this morning which has rebounded on the idea that opec is very likely going to continue its production cuts. big question is going to be whether they extend those production cuts in terms of how big they are. but right now, wti has picked up another 47 cents. it's sitting at $50.80 a barrel. >>> the u.s. and saudi arabia striking a $110 billion arms deal that could increase to $350 billion over the next decade. morgan brennan joins us now with more details and the big winners. morgan? >> hey, melissa. told you this could be coming this weekend. now it's official, the u.s. and saudi arabia striking this huge arms deal on saturday over the weekend valued at