>>> our guest host this morning is mario gabelli., i know you are a bottoms up investor, you always have been. but when you see something like this that stuns the markets, i just wonder how you re-evaluate and rethink things. >> we've been through so many of these in 1907, 1919 -- >> that was a long time ago. >> how about 1987? but the point is you have a ripple effect, the market on friday was a combination of what happened before and what happens next. and then you just look for companies that either benefit from inflation, from globalization that have been beat up. then you look for companies that are local. if you can find somebody in the uk that is located in the uk, and they sell something in a u.s. country, you get the translation benefit. >> just the currency. >> yeah. that's very powerful. and that's what we did. we nibbled at a few because they were thrown out mercilessly. >> like which stocks? >> i happen to like companies that have pricing power and can do well in a global market place. diaggio. i was in milan a couple we

larry summers and mario gabelli will join us for an hour, that is tomorrow here on "squawk box." . >>ck to "squawk box." "finding dory" topping the box office for the second straight week. the disney film brought in 73.2 t million after last week's record-breaking debut. in second place "independence day resurge js" $41.6 million. the sequel to the 1996 film brought back jeff goldblum and included liam hemsworth to save the world from a new alien threat or us from brexit. sort of [ inaudible ]. >> interesting time. >> thank you for being here. >> sure. >> it was fun. >> see you back here wednesday. >> if i'm not, alert the authorities. >> join us tomorrow. "squawk on the street" begins right now. >>> good morning and welcome to "squawk on the street." i'm david faber with jim cramer. we're live from the new york stock exchange. carol quintanilla has the day off. give you a look at futures. the key here as we start the day, after friday, after brexit. and there we are with a look at the s&p which is going to be lower, the dow as well. see the nasdaq also which was the weakest of those