squawk box. >> good morning and welcome to "squawk box" here in times square joinsing us now is john tayloronomics at stanford university. good to have you here. >> good to be here >> long-time friend of the show. we're going to get that taylor rule in there one of these days. it's coming. let's check out this futures right now. they've turned negative. implied open for the dow is now down 11.5 or so. s&p down 1.5, nasdaq indicated down 8 treasury yields still in the 2.95% to 3% area >> okay. >>> let's get to the top story of the morning president trump and north korean leader kim jong-un arriving in singapore for this summit. michelle caruso-cabrera is there live we go to her now good morning >> good morning, andrew. when kim jong-un sits down with president trump tomorrow, he sits down as the leader of a country with nuclear weapons after a successful missile test launch late last year, many experts out there believe he has intercontinental ballistic missiles that could hit the united states. so that's why we are here. president trump arrived last night around 8:00 p.m. he arrived immedia

. >> john taylor says he was getting with his bike parked outside when someone jumped on it and wrote parking lot. after hearing the story, matthew asked if he could go to target and use the gift card he received know me, but they did that for me. >>was raised to help others and do what you can. she is glad her young son is showing those very same traits. he says there is one important thing to remember. >> a little kindness can change everything. >> absolutely. >> what a rock star. >> he is an example to us all. thanks for joining us. world cup soccer will start here one ktvu fox2. thanks for joining us. our hillshire farm craftsmen start the day slow-roasting turkey for incredible flavor. then, they double seal every slice for freshness. the results, well, they speak for themselves. dog: seresto, seresto, seresto. jake... seresto, seresto, seresto. whatever your dog brings home to you, it shouldn't be fleas and ticks. seresto gives your dog 8 continuous months of flea and tick protection in an easy-to-use, non-greasy collar. seresto, seresto, seresto. ohh no, jake. seresto. 8 month

it happened after someone stole john taylor's bike from a mcdonald's in orlando., after hearing what happened, matthew used a gift card that he got for his birthday to get taylor a new bike. a very good deed indeed. thanks for joining us. i'm dana perino. here's shep. >> shepard: it's 3:00 on the east coast. noon in the west. 10:00 p.m. in finland where the president is now officially scheduled to sit down with vladimir putin. the american president apparently taking putin's world over u.s. intelligence again on russia's election meddling. the first lady visiting another immigration facility. we're live on the border. and replacing a crucial swing vote on the supreme court. we'll look at a few of the top contenders as some democrats promise this fight is not over. let's get to it.

thank you john taylor of stanford. man, this is the gap, the .ellow line and the taylor rule does this their e-work, or is chairman powell, are they flat out flying blind? >> i am not sure they are flying blind. they have to worry about foreign events that the fed never used to take into consideration. it is a far more complex circumstance annan in the past. are theylyng no. it is good to be an english major because we do more parsing of the language than the data. tom: that has been one of your great academic thrust. what is the art of federal reserve communications? >> it used to be the case you had to figure out what they meant because they spoke in fed speak. jerome powell does not have fed speak problem. he speaks in clear english. i interviewed him at a business council meeting. when you listen to him talk, he talks like somebody who is a tv show host, in english you can understand. i think what the markets will see is that when he explains what the fed has done, you will understand what he is talking about. that

virginia is the mother of the presjames madison, james monroe, william henry harrison, john tyler, zachary taylore born there. maria: ties with ohio. dagen: there is yorktown, jamestown, appomattox, mount vernon, monticello, the center of the birth of the united states and patrick henry, redhill, his burial place, give me liberty or give me death is beautiful state please tour of come through. maria: how is massachusetts last? the home of the american revolution? the boston tea party? dagen: because it is the home of the new england patriots. >> i am with you on that. dagen: tom brady ruins everything for everybody. i'm just joking. maria: when we come back, ready set by, the most competitive time in history to buy a home. what you need to know to avoid missing out on the home of your dreams. ♪ take me home ♪ to the place ♪ i belong ♪ west virginia ♪ orthis truck. they all got a story about what happened to 'em. man 2: as raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to y

taylor swift. >>> the president trump is looking into who to replace john kelly with if he decides to leave.cessions are nick ayers or budget director mick mulvaney. president trump is calling this fake news and kelly says it's news to him. >>> the "los angeles times" reports paint companies have pulled a cleanup initiative from california's november ballot. we reported earlier that the initiative would have cost taxpayers an estimated $4 billio cleanpd in homes. it would have also 4ri789ed cleanup costs for the paint companies. the group will work with lawmakers on a responsible statewide program, a program the paint companies will partially fund. >>> "usa today" reports several pork producers are being accused of price fixing. a class-action suit claimed hormel, tyson, smithfield conspired together. tyson says it hasn't received formal notice of the laumt and can't comment. hormel says thegations are without maerit. we reached out to smithfield but have not heard back. >>> toys "r" us is apparently closed. this is taken by a store employee. that's jeffrgeoffrey the giraff >> he's got his r

john kerry said to the ayatollahs when they took our service members prisoner in the persian gulf. i'm sorry. you know, it's still one of the great nonsectors of diplomacy. >> president trump won't be sending james taylor over to strum "you've got a friend." lou: i like the way you think. i love that. the midterm elections, the trump effect is working. it's straightforward but apparently paul ryan, mitch mcconnell, the republican party, at least they're represented by the leadership on capitol hill don't get it. ronna mcdaniel, the chair of the rnc, she gets it big time. >> well, i think most everybody who voted for donald trump, and many who didn't but now who say, i didn't vote for the guy but by golly, he's delivering on his promises. he cut taxes, restored america's place in the world. he's creating historic agreements. we've cut regulations, businesses at a all-time high. a guy said today we're making more money today than we ever had in the business. he he's in the transportation business. he says, i love donald trump. he loves him because he's giving people jobs and the people are making more money than they've ever made in their lives. when people don't get that, it's because they live in a tin

taylor: u.s. vice president mike pence said he expects the subject of russian meddling in u.s. elections to be discussed when trump meets with putin. national security advisor johnhe time and place of the summit will be announced later today. european leaders will gather in brussels to tackle challenges facing the continent. an increasing pressure with angela merkel's coalition. migration will be on the agenda. ey are expected to discuss transatlantic trade. and greek prime minister tsipras is expected to stick with the agreement he made. they will not go back to public fanses seen in the past. >> what happened in greece in previous years and led us to bankruptcy was a huge waste of money, corruption and i would say irresponsibility in the management of public finance. we should not go back to that and as far as i'm concerned, i will do whatever i can in order for greece not to go back to that period. taylor: the queen is making more money. the estate reported a 32% increase in earnings from the queen energy technology. the u.k. has more turbines than any other nation and installed an average of one machine every day last year. some of the money is used to help

john hardy. global's, state street chief officer, we will ask him what it means for his equities. we will talk trade and possibly exit. -- and possibly brexit. this is bloomberg. ♪ taylors bloomberg surveillance, i am taylor riggs. the world's biggest seller of liquefied natural gas is investing in america's natural gas field when rival investors are alsoding. speaking to bloomberg, the ceo says investments will be made over five years. he also spoke about the partnerships he has in the country. the tie between qatar and the u.s. and the partnership they have with u.s. companies is very solid. the partnership is going to survive to the 20 30's with the contracts we have in place today. taylor: facebook is losing its ban on cryptocurrency ads, loosening the policy that was put in place in january. content that promotes virtual coin such as bitcoin will be allowed once facebook is sure users are not getting scammed. read -- hasalth has released its first list of the world' 25 richest families --ed on data compiled by the the source of wife is -- the source of wealth is scarred -- is startling. you can read the full story on the bloomberg terminal and website and you can