i'm becky quick along with joe kernen and mike santoli. erday with the president. very quickly look at the u.s. equity futures at this hour. you will see things are relatively flat. markets were down yesterday. dow was down by a half percentage point this morning the dow looks down, only by 2.5 points s&p is down fractionally and the nasdaq is indicated up by 30 points look at treasury yields. we've been watching that and the ten oversitting at ten-year sitting at 2.85%. rates came up in your interview yesterday, joe >> yes >> and those who control the rates. >> i remember -- there are certain things that are -- i don't know if they're

coming up, president trump's interview with joe kernen.e speaks up on the fed. >> i don't necessarily agree with it. >> the trade war with china. >> we are being taken advantage of and i don't like it >> and vladimir putin. >> i'll be the worst enemy he's ever had >> it's friday, july 20th, 2018. and "squawk box" begins right now. >>> live from the beating heart of business, new york, this is "squawk box. >> good morning, everyone. welcome back to "squawk box"

joe kernen did it. even the president himself tweeting about it.the one industry affected the most whetrp een umtwts on trade. power lunch will be right back f. but for cyber criminals it's plenty of time to launch thousands of attacks. luckily security analysts and watson are on his side. spotting threats faster and protecting his data with the most securely encrypted main frame in the world. it's a smart way to eat lunch in peace. sweet, oblivious peace. it's a smart way to eat lunch in peace. whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. what do advisors look for don't just track an index, help me meet a client's need. is the fund built

we'll have a piece of joe kernen's interview with president donald trump you don't want to miss it. don't move "the halftime report" is back after this ♪ that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flight for me. so i'm more than confident. how's your family? kayak. search one and done. ♪ south l.a. is very medically underserved. when the old hospital closed people in the community lived with untreated health problems for years. so, with the county's help we built a new hospital from the ground up and having citi as an early investor worked as a signal to others to invest. with citi's help we built a wonderful maternity ward and we were able to purchase an mri machine. we've made it possible for the people who live here to lead healthier lives and that's invaluable. ♪ >>> another big topic at delivering alpha yesterday, the private equity stocks like carlyle and kkr. leslie picker is here following the mocney for us as always some big names in attendance yesterday in this universe >> big names in the private eq

. >> we're going to have a lot more of joe kernen's interview with the president be sure to tune in 6:00 a.m. tomorrow morning on squawk box >> the president speaks very cohesively and coleerntly about monetary currencies. which he's right, the chinese currency is falling right now. and number two he seems to understand he's not supposed to talk about the fed and currencies and he does anyway. >> there's been a lot of reaction since this played, but i go to what he mentioned there, that line. i'm not happy about it, but at the same time i'm letting them do what they feel is best. that's not interference. he is unconventional, so wetient be surprised but let's get more reaction and analysis from those comments jerry joins us and former fed vice president, and also steve liesman. steve, let's start with you. i heard your commentary on this on "power lunch. i think i disagree, that line, i'm letting them do what they feel is best kind of takes the sting out of it somewhat >> i have the opposite feel of that which is the president saying he's letting them implies he has the option of not

stocks did take a hit on the back of joe kernen's interview where president trump said he's ready too for all $500 billion worth of exports from china in terms of tariffs rur squa"squawk on the see w trt"he weetn. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade we all want to know you know, the new, new thing. with xfinity's retail stores, you can now see the latest. want to test drive the latest devices? be our guest. want to save on mobile? just ask. want to demo the latest innovations and technology? do it here. come see how

joe kernen, a busy morning for you guys >> yeah.here's also some rule about whether there's an "e" in whiskey. the scotts spell it with out the "e." the irish have it with the "e. >> the japanese, they don't use the "e." >> there's a hard fast rule. i forget what it is. there's a way to figure it out >> maybe the foul was tariffed >> there's a tax on es >> you are correct, sir. becky saw our picture together >> i did she said you guys dush-are -- a are, we're bros. >> trade bros. >> yesterday the adp number, there was some excecommentary t they couldn't find people. i think the devil in the details of the report should be interesting. >> is the job market full? do we need to open up the job market to people with felony convictions, some of these non-violent ooffenders, get them back into the market >> you're saying convictions you don't mean arrested but not -- you mean -- >> i'm saying -- >> i know. when people look at you, you have ever been arrested for anything arrested or convicted. bad joke never mind if it is tight, then we s

i'm andrew ross sorkin along with joe kernen.ee is with us becky quick is off today look at u.s. equity futures this hour the dow look like it will open up about 140 points higher the nasdaq opening up about 32 points higher. the s&p opening up about 14 points higher.asury yields at this hour the ten-year note, 2.862

i'm becky quick along with joe kernen and mike santoli. we have that special interview joe did yesterday with the president. very quickly look at the u.s. equity futures at this hour. you will see things are relatively flat. markets were down yesterday. dow was down by a half percentage point this morning the dow looks down, only by 2.5 points s&p is down fractionally and the nasdaq is indicated up by 30 points look at treasury yields. we've been watching that and the ten oversitting at ten-year sitting at 2.85%. rates came up in your interview yesterday, joe >> yes >> and those who control the rates. >> i remember -- there are certain things that are -- i don't know if they're predictable, but he's a real estate guy so -- and i remember prior to him taking office he talked about the bubble it's a big bubble. rates are too low. >> and told us he didn't like higher rates >> he did. but you knew it would switch from it's a bubble and it's because of the fed to it deserves to be here because we have a great economy, then we'll switch -- as a r

you'll absolutely come back to the joe kernen interview. >> was it politicized? >> unequivocally, 100%. >> is that a bad thing for the market >> in my opinion, whether he thought of this or not, i'm not suggesting either way, but if the market were to sell off those comments give him air cover to say, see what happens the fed raised rates and our economy is going so beautifully. they went too fast and we talked about this when he talked about the market being a report card for his administration, what excuse could they use if the market went down? in my opinion now this gives him a natural excuse if, in fact, the market does go lower. >> all right for more on this let's bring in cnbc senior economics reporter steve liesman. steve, what do you think any influence at the fed. >> i don't think so. i wish i had a videotape that i can roll back and play what ryan kelly just said, and i think he may have hit the nail on the head here which is this idea that the trade war has now morphed into something of a fed war here and i think, melissa, i hadn't considered that, ot

. ♪ ♪ >>> earlier today, prdz sat down for a one-on-one withcnbc's joe kernen.the interview mr. trump broke with the tradition of a sitting president not commenting on monetary policy. >> i've put a very good man in the fed and i don't necessarily agree with it because he's t raising inter rates. i must tell you, i don't. i'm not thrilled because, you know, we go up and every time you go up they want to raise rate and i don't really -- i am not happy about it, but at the same time i'm letting them do what they feel is best, but i don't like all of this work that's goinghe into whatre doing and you look at what's going on with the eu and they're not doinghat we're doind we already have somewhat of a disadvantage, although i turning that into an advantage. last year and for years we've been losing $150 billion with the eu nations with the european union, and they're making money easy and china, their currency is dropping like a rock and our currency is going up and i have to tell you, it puts us at a disadvantage. now i'm jt saying the same thing that i would have

i'm melissa lee with mike santoli and joe kernen becky and andrew are off this morning. u.s. equities, we're feeling some pressure. threat of tariffs on $200 billion worth of goods on china. the s&p and dow looking to snap a winning streak the dow is down 206 points the nasdaq looking to be lower by about 70 points overnight in asia, we did have a selloff initially. down as much as 2% on shanghai as well as the nikkei. the nikkei closing down 1.2% shanghai down 1 3/4% the yuan testing at a low there. over in europe trade concerns lower there. the dax is down by 1.3% and the cac is down by 1.2%. taking a look at treasury yields, we saw overnight a bid for safety the ten-year note is at 2.83%. the two-year note at 2.557 >> we have some breaking deal news in -- you saw this playing out yesterday. the word was that fox was going to raise its bid and it happened 21st century fox upping its bid for sky, the british broadcaster. 18.60 and that tops comcasts offer. it secured the backing of the independent committee of sky for that deal. comcast, a parent of cnbc and nbc. this is a p

we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli. guest is carrie firestone. let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could he mod at this close higher the nikkei was up by .7 of a percent. what is going on in the europe government sand. we are seeing the ftse up by .2 of a percent taking a check on treasury yields $69 billion in supply hitting the market the ten year note at 2.869%. the ten-year note at 2.869 note. the wo-year note at 2.569%. >>> president trump making his much-awaited announcement to replace justice anthony kennedy. >> tonight it is my honor and privilege to announce that i will nominate judge brett kavanaugh to the united states supreme court. >> kava

i'm andrew ross sorkin along with joe kernen and melissa lee is hanging out with us today our guest hosthis morning is joe terranovterranova. you guys hang out a lot, right >> we do >> oh, boy >> we're not on the same show, but -- >> oh, boy >> joe and i go way back >> we go way back. >> i know. >> you do? >> i think of them as -- do you guys not think of yourselves as half time and at the end of the day as all one big franchise >> we're in the umbrella of "fast money" for sure. >> it's not me, is it? >> we actually began half time together >> it's true half time started off as a seven-minute show in power lunch. >> there's a bunch of traders. some are on at noon. some are on at 5:00. we're all part of a big, happy family usually i'm backtracking, scrambling trying to say i understand but it's because it's confusing. how many traders are on -- what do you -- >> half time >> there's like six of them, right? >> yeah. >> how many do you have? >> about six >> that's 12 we need to keep track of it's a half time report, it's "fast money. >> thank you, joseph >> we're kind of like the yankees l

we're live at the nasdaq market site in times square i'm melissa leah long with joe kernen and mike santoli let's see how we're setting up in the futures this morning at this hour. we did see the dow and s&p see the biggest gains in more than a month yesterday. we're looking to build on the gains. the s&p looking to open higher dow opening 60 points overnight in asia, we had early gains and then they reversed we got ppi data out of china, six-month high there pressured by commodity prices. we do see the shanghai could h

i'm andrew ross sorkin along with joe kernen and melissa lee is hanging out with us today our guest hosts morning is joe terranovterranova. you guys hang out a lot, right >> we do >> oh, boy >> we're not on the same show, but -- >> oh, boy >> joe and i go way back >> we go way back. >> i know. >> you do? >> i think of them as

i'm becky quick with joe kernen and mike san toll i.ou'll see that right now the dow is up by 128 points. this comes after a strong week for the dow. up by 0.8% a gain for the week. nasdaq was up by 2.4% and the s&p saw it's best week in a month. s&p up by 12.5 points. nasdaq indicated up by 38. let take a look at what happened overnight in asia. you will see that the nikkei was up by 1.2% hang seng up by 1.75%. and shanghai by 2.5% >>> the early trading. green arrows across the board. more advances in asia. the biggest gainer is the cac in france up by .7 of a percent. >> last week, the ten-year ended week at 2.831% yield it is just above that at 2.815%. >>> in breaking news out of the uk this morning. that is that the brexit secretary david davis is out the late-night resignation comes as a big blow to prime minister may's struggle to end divisions among her ministers. i've got brexiteer, i follow they've been dissatisfied with how the brexit has begun they think getting pushed around by the eu. in terms of the concessions that they'r

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the futures.xed day yesterday, you will see this morning that the nasdaq is coming under severe pressure down by 53 points below fair value. thank netflix and amazon prime for some issues yesterday. s&p futures down by 4.5 points the dow indicated higher again it was bank of america that powered things for the dow yest

. >> joe kernen is not back tomorrow, is he? >> why do you ask?n to "squawk box. >> we should all "squawk" about it >> we should on a box or on a street of alley. >>> still ahead on "worldwide exchange," oil in focus. a big day today, bigger day tomorrow we'll tell youhat wyou need to know for the biggest names in oil when "worldwide exchange" returns. man: are unpredictable crohn's symptoms following you everywhere? it's time to take back control with stelara®. for adults with moderately to severely active crohn's disease, stelara® works differently. studies showed relief and remission with dosing every 8 weeks. woman: stelara® may lower the ability of your immune system to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before or during treatment, always tell your doctor if you think you have an infection or have flu-like symptoms or sores, have had cancer, or develop any new skin growths, or if anyone in your house needs or rece

eastern time for joe kernen's interview with the president >> we have microsoft earnings after the bellay ge and honeywell tomorrow morning before the bell. in terms of top performers today, disney and ibm leading the gains. ibm, third straight quarter of revenue growth on the flip side, american express and travelers both the laggards in the dow on disappointing numbers. travelers, it was a weather impact, and the underlying business was strong. >> the expectations feel high for microsoft. now, it's done well consistently in cloud where they talk about azure or office 365. the pc market has been strong, which not a lot of people expected you expect strong numbers there. you wonder how they're feeling going into the second half you want to look at that comparison between azure cloud growth and amazon web services growth you want color on the walmart deal and more coming like it. >> we will look forward to that tonight. ge in the morning. dow down is almost 70. let's get over to the judge and the half >>> welcome to "the halftime report," the top trade this hour, the great market debate.

i'm melissa lee with mike santoli and joe kernen becky and andrew are off this morning. u.s. some pressure. threat of tariffs on $200 billion worth of goods on china. the s&p and dow looking to snap a winning streak the dow is down 206 points the nasdaq looking to be lower by about 7

. >> president trump just finishing up a one on one with ""squawk box's"" joe kernen. his news straight ahead. >>> plus comcast shares rallying today, officially dropping its bidding war for fox. what should our parent company do next? stick around to find out >>> special "power lunch" series "dangerous jobs" continues, a meteorologist who chases deadly tornadoes to save lives. "power lunch" starts right now. >> welcome to "power lunch." glad you could join us i'm tyler mathisen nasdaq staring potentially at its first back-to-back losses of july melissa mentioned disney it is the biggest gainer in the do right now ibm also higher on the back of its earnings beat. crude oil up saudi arabia's opec governor easing concerns about oversupplying the kingdom's exports for july will be roughly in line with those of june michelle >> thank you, tyler. we begin this hour with breaking news joe kearnen just spoke with president trump at the white house, a wide ranging interview from trade to russia, to the federal reserve and the man he put in charge of it, chairman jerome powell.

in becky qui i'm becky quick along with joe kernen and andrew ross sorkin.of speakers at the conference including national economic council director larry kudlow. also mary erdoes, we will also hear from former white house strategist steve bannon. he will wrap things up for us this afternoon and this morning marc lasry will be joining us at 7:00 a.m. eastern time >> markets are still happening, even on -- i thought they would take a pause, they're not. let's check the markets on delivering alpha day now up 28 points on the dow. up two on the s&p. nasdaq

i'm becky quick with joe kernen and mike san toll i. the dow is up by 128 points. this comes after a strong week for the dow. up by 0.8% a gain for the week. nasdaq was up by 2.4% and the s&p saw it's best week in a month. s&p up by 12.5 points. nasdaq indicated up by 38. let take a look at what happened overnight in asia. you will see that the nikkei was up by 1.2% hang seng up by 1.75%. an

what is a good gdp number do to the market is it bullish or bearish especially what he said to joe kernen that he's not happy that he's in this rate-raising cycle. it's fascinating to me i would say a 5% gdp is negative for the market and i've learned the hard way a number of times. >> negative for market or more negative for growth stocks >> growth stocks, based on what bob just said i think growth stocks would go down faster than value, but again, maybe a good gdp number is good for the market that's the environment we find it it's fascinating to me, though >> let's talk more about undervalued, overvalued. our next guest says facebook is undervalued here and that you should buy the stock at these levels you want to listen to him because he's often referred to as the dean of valuation we call -- finance professor at nyu. professor, good to see you as always >> good to be back. >> you say that we should have known about the guidance from facebook all along did you short the stock? it seemed like it caught everybody by surprise. >> the reason i said we should have known is facebook has bee

less than two hours after that, cnbc released this excerpt from a new interview that joe kernen conducted with donald trump. >> i put a very good man in the fed. i don't necessarily agree with it because he's raising interest rates. i'm not saying that i agree with it and i don't necessarily agree with it. i must tell you i don't. i'm not thrilled because we go up and every time you go up, they want to raise rates again. i am not happy about it. but at the same time, i'm letting them do what they feel is best. now i'm just saying the same thing that i would have said as a private citizen. somebody would say maybe you shouldn't say that as the president. i couldn't care less what they say. my views haven't changed. >> for some background, for about the past quarter century, there's been an understanding the president doesn't critique the job of the fed as to underscore the independence of the fed. not long after trump's remarks, the white house attempted to clarify his position writing in a statement "of course, the president respects the independence of the fed. the president's views on i

you can watch a longer version of that interview with joe kernen the uk brexit secretary, dominic raab says he is confident of reaching a deal with the eu. nevertheless an increasing number of government agencies have warned businesses to make preparations for a no-deal scenario raab is preparing for talks with michel barnier today barnier will update foreign ministers on the progress of negotiations they will arrive for those meetings momentarily we'll bring you pictures of that live if we can in a brief public statement after his own meeting with barnier yesterday, raab said he wanted to focus more attention on the future relationship between the uk and eu. >> it is also now vital that we make progress on the establishment of a framework for future partnership i come out today to discuss the detail proposal we have in our white paper, and i'm looking forward with renewed energy, vigor and vim, looking at the detail of all of thchltthis the clock is ticking, i'm looking forward to intensifying, heating up negotiations and making sure we're in the best position to get the best deal. >>

president trump tweeting up a storm on the back of his one-on-one with joe kernen, taking hits at theusing china and europe of manipulating their currencies again. trump saying he is ready to go all in with his trade battle with china our big interview, the fallout the continuing conversation straight ahead. >>> and king dollar taking a big hit on the back of the president's comments the green back seeing steep drops. are we about t

gains, since the election, the s&p 500's up 31%, not 41%, which each one of them parodied -- >> joe kernenf cnbc, you know, the anchor of "squawk box" said the market is up 41%. it's not, it's up 30%. let's just fact check that. >> i think they're right to kind of play with things. the s&p 500 is just a few percent from its all time highs there. the market's really consolidated over the course of this year. i think what's most important about this commentary about interest rates is this. jerome powell is a good guy. he knows that he has to be independent here. let me just talk about a little bit about where we are in this recovery that jason just mentioned. we're nine years in. the longest postwar recovery's ever. >> beautiful recovery. >> a recession is going to happen on jay powell's watch, okay. greenspan had to lower down to 1% to battle the recession we had that started in '00 or '01, whatever that period, and then bernanke had to lower the fed funds rate from 5.5% to 0% after the financial crisis. they need some room to play in the next sort of crisis, and it's probably going to come

i'm andrew ross sorkin along with joe kernen. melissa lee is with us becky quick is off today look at u.s. equity futures this hour the dow look like it will open up about 140 points higher the nasdaq opening up about 32 points higher. the s&p opening up about 14 points higher.asury yields at this hour the ten-year note, 2.862 >>> the imf is cutting its forecast for german gdp growth to 2.2%. it argues rising protectionism and the threat of a hard brexit has exposed the economy to short-term risks markets in europe are a bit higher the dax is up by 1.25% the cac is up by a percent green arrows in italy, spain and the rest of europe checking the markets in asia it's been a tumultuous week for asia overall we are continuing to see red over there as the yuan tests 11-month lows. pobc coming out saying it will -- its pledge to stabilize the yuan, but still the shanghai composite down by almost a percent. >>> president trump is calling on opec to reduce pricing now. this was from a tweet yesterday. the president said the opec monopoly

. >>> let's get back down to joe kernen standing by at the white house with our first special guest ofning joe? >> thank you, becky. i'm wearing a jacket first time ever that i'm wearing the jacket and andrew is not you should put it on, andrew i know how jealous you are commerce secretary ross is wearing one. andrew is the only one who looks informal welcome, commerce secretary. wilbur ross joins us the president will sign an executive order for the creation of what is called the national council for the american worker. it's going to be an inter-agency entity you will be co-chair >> yes >> with ivanka trump what's the -- just for people -- i've been studying up on it. what will you do you will close the skills gap with the help of the private sector >> exactly what we're going to do is get very, very active involvement by the private sector they're the ones who have to fill the skills gap. they're the ones who need the workers. because right now we have actually more job openings than we have unemployed people. part of the reason for that is that they lack the skills, the unemployed

i'm joe kernen along with andrew ross sorkin and melissa lee. becky is off today mr. ross, mr., or mr. sorkin you decide >> this is in reference to amlo. you can just call me ars >> we do call you ars. you're a huge ars. >> you said amlo >> you can go with ars but not -- >> not the ars >> no. >> i don't even want to give you this jrk. >> yeah. you're right >> no comment. >> i forgot about that >> i'm an idiot. why do i even -- the futures right now indicated off -- >> thanks. >> you're welcome. >> even better than yours. >> down 127. or joe ker people go with that. >> the other is better >> 128 or so treasuries, it's not a silver lining but we certainly aren't at 3.5% yet. we're at 2.83 tr%. for people that thought we were, you know, adding gasoline to an already hot economy with tax reform, maybe that's the time. i don't know how i feel about this i'm swayed sometimes on both sides of whether now is the time to address some of these inequities or if it's always a bad time to start a trade war. i don't know do you do you have any doubts -- you're a democrat you're supposed to l

>>> good morning, everyone welcome back to "squawk box" here on cnbc i'm becky quick along with joe kernen andrew ross sorkin. we are looking at live pictures in helsinki. this is where he's going to be meeting with russian president vladimir putin you see he is walking in the steps of the palace right now. we saw that president putin arrived, oh, just about 20 minutes ago. there's the president and the first lady arriving walking up that same staircase. that summit between the two is set to take place shortly. it's expected to last 90 minutes. fred kemp is here from the atlantic council and is watching with us. a quick thought on what to expect coming out of this. >> the best outcome for the united states would be a stalemate. what i mean by that is four days after the sochi winter olympics, you had the annexation of cri a crimea now we're after the world cup and after the summit you have to watch what comes next putin continues to surprise us he surprised us invading georgia, annexing crimea so there's worry he'll do something after the world cup and after the trump summit he plays a rea

in becky qui i'm becky quick along with joe kernen and andrew ross sorkin. we have a big lineup of speakers at the conference including national economic council director larry kudlow. also mary erdoes, we will also hear from former white house strategist steve bannon. he will wrap things up for us this afternoon and this morning marc lasry will be joining us at 7:00 a.m. eastern time >> markets are still happening, even on -- i thought they would take a pause, they're not. let's check the markets on delivering alpha day now up 28 points on the dow. up two on the s&p. nasdaq indicated up 3. let's look overnight in asia i saw some mixed results over there. yes pan is up a half point hang seng and shanghai down. in europe, saw some positive action earlier see whether that is still the case with all the general news backdrop it's just the normal news cycle. >> the new normal. >> the new normal. >> that was smart when he coined that phrase. >> works in a lot of different situations it's not fancy or profound >> he was the first one to figure that out. we're stil

i'm becky quick along with joe kernen and andrew ross sorkin. it is jobs friday. the forecasters are looking for an increase of 195,000 non-farm payrolls the unemployment rate is expected to hold steady all the way down to 3.8% let's look at the u.s. equity futures. despite the beginning of the tariffs being placed on chinese goods by the united states and on u.s. goods by china, you can see that the futures are down, but not by a lot looks like the dow is down by 41 points s&p is off by 2. nasdaq off by 3. this comes after a positive day for the markets yesterday. dow was up 181 points yesterday. s&p up by 23 the nasdaq up by 83. let's look at what happened overnight. the hang seng was up by a half percentage point so was the shanghai. in japan, the nikkei was up by 1.1% let's look at what's happening early this morning the trading that's already taking place in europe for the most part you see green arroei arrows finally looking at treasury yields the ten-year, 2.58%. >>> president trump launching the opening move in a trade war. the u.s. imposing tariffs on $3

joe kernen, 6:00 a.m.n squawk. >>> when we come back, we'll get cramer's mad dash and a look at the opening bell "squawk's" back in a minute. the line between work and life hasn't just blurred. it's gone. that's why you need someone behind you. not just a card. an entire support system. whether visiting the airport lounge to catch up on what's really important. or even using those hard-earned points to squeeze in a little family time. no one has your back like american express. so no matter where you're going... we're right there with you. the powerful backing of american express. don't do business without it. don't live life without it. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. >>> welcome back to "squawk on the street." we'll start the trading day about seven minutes from now from the nyse. time to get to the mad dash. we haven't got ton important ea

i'm becky quick along with joe kernen and andrew ross sorkin. let's look at the futures.fter a mixed day yesterday, you will see this morning that the nasdaq is coming under severe pressure down by 53 points below fair value. thank netflix and amazon prime for some issues yesterday. s&p futures down by 4.5 points the dow indicated higher again it was bank of america that powered things for the dow yesterday. this morning the dow up by 10 points we have three dow components that will be reporting during the course of the morning. overnight in asia, stocks were lower. the shanghai was down by a half percent. stocks in hong kong, the hang seng off by 1.25%. the nikkei was up by 0.4%. this morning in europe, mostly green arrows these are moderate advances, everyone but but spain higher. spain down 0.2%. treasury yields yesterday, the ten-year note at 2.864 this morning. >>> president trump enduring criticism from high ranking republicans and his closest personal allies for a summit in helsinki where he side stepped an opportunity to confront vladimir putin he equivocated on w

"squawk box" here on cnbc i'm andrew ross sorkin along with becky quick scott wapner is in for joe kernenur guest host, mohamed el-erian we will be hearing a lot more from him as we count down to the big second quarter gdp report. price is right rules as well also recognizing that trump thinks the number's going to be good and has indicated a four handle would be good for him >> i don't like playing this game i don't like this game >> it doesn't matter you're here. you're playing >> 4.1%. >> i think you're right. i went with 4% but only because someone already went with 4.1% >> and i went with 4.2% to box everybody in and you're the optimist. >> i still feel like that could be low i feel like this number is going to be good >>> want to take a quick check on the markets right now the futures flight let's show you what's going on dow looks it would open 30 points higher. nasdaq as well by 23 points and the s&p 500 higher as well about 9 points of course we had a tough day yesterday in large part because of facebook. but then the amazon results which were a big surprise in large part because

i'm joe kernen along with melissa lee and mike santoli and our guest host this hour, another "fast moneyhad one heck of a week >> half-time joe terranova. >> we had shaquille o'neal, jim cramer, to.j. oshie. and you better watch halve time today. >> who >> nancy davis >> okay. all right. joe is senior manage iing collector. also earnings just in -- you okay we're good >> i'm great >> you look -- you got to come in at 8:00 those other guys we relegated. >> i was going through the earnings reports this morning. jpmorgan pretty good >> citi group just came out. quarterly profit of $1.63 a share. beating by 7 cents revenue came in slightly below forecast as far as the bottom line. a programming note, citi ceo michael corbett would be on monday to discuss the outlook for citi and the banking sector in general i think maybe wells fargo -- >> it's out. it looks like a miss on the eps side of things 98 cents versus expectations of $1.12. revenue coming in maybe a whisper shy. we're only getting one decimal place here, but 21.6 versus $21.68 billion this is no surprise. i think the past five quar

terms of the moving the dollar that we saw was a dramatic move in the dollar index when we saw joe kern kernen'sfirst sound bite released on thursday through friday, we had about a 1% move in the dollar index. is that going to give relief to the u.s. it's a push/pull here. it does give relief to a lot of the multinational companies as well as emerging markets if we see this continue. >> i think the key is not, you know -- the federal reserve bank does not represent the emerging markets or the european union. it represents the united states of america maybe a little is interesting here so the first central bank of the united states was in 1791 and the second in 1816 then no central bank for 81 years until we got to 1913 when woodrow wilson signed it into law. i reference one particular thing here in the fed's charter, it says and i quote, also the federal reserve must work within the framework of the overall objectives of economic and financial policy established you think any response with they feel like the fed is not working within the policy os they have united states government, they have a