i'm mark haines. gdp released takes the buzz out of the rally. stocks kind of leaning to the downside after looking like they would open higher. the economy contracting at a slower than expected pace in the second quarter. so the number was not bad. for the fourth quarter for the first time since government records started in 1947. but by the end of the day the bulls can take things back. the dow would need to go, let's see, 57 points. it would be the best july since 1989. >> '89 or '39? i think '39. i'm going to -- >> '39? >> i heard '39 but i will check that again. but the government's cash for clunkers program is the other big story. >> what's going on there? >> all sorts of confusion about it. the reality of the situation is this, it was successful. the white house is working with congress before lawmakers leave town for augusto see if they can add a little bit more money in there so they make sure they have enough to get us through another few weeks of the program. we'll have the latest on the administration's side of this. we have the epa j

i'm mark haines. stocks gearing up to follow the global markets higher as intel's results fuel hopes. here we go again for an economic recovery. >> one could be forgiven for getting a little nauseous every day. you know, it's all the world pulling apart. oh! economic recovery. >> make up your mind. >> consumer inflation numbers were closely watched this morning. they rose at the fastest pace in 11 months thanks to gasoline price which is abated a bit. take that out and we don't really fear have an inflation problem, but equally as important you do not appear to have a deflation problem. >> all right. so anyway, we will make some money here today. the futures up, call it 12. needed a point to give it fair value, looking at maybe 70, 80 points on the dao at the open. >> let's get stray to the market reporters find out the names to watch. especially those trading to the up side given the traders side. bob pisani, good morning. >> hello. all about intel today. we'll get the details from bertha. intel news

i'm mark haines. stock is going to be under pressure at the open following a disappointing durable goods number. and a slide in china overnight. a big one. 5%. that's the shanghai index. >> i think it's dropped since november when everybody was worried it would spread. >> it's a volatile market though. >> it is. the world's second biggest now. europe is definitely doing a little bit better. big story here, microsoft and yahoo! striking a long-awanted deal. microsoft will power yahoo!'s search. that means bing, as it's called, is going to go to a whole lot more people. yahoo! is going to run sales for both firms. complicated but important story. david faber will have all the details coming your way. >> the brain understands all. >> the brain does. >> checking those futures for you. down 5.90. fair value needed point, 62. about 40 points on the open on the dow. >> let's get to our market reporters. 5% drop mark referred to. biggest percentage drop since november. people were worried about profits. i bel

i'm mark haines. >> i'm rebecca jarvis. have a great day. this is cnbc.com news now. >> oil is lower for the sixth consecutive trading session, remaining on the minus side even after the energy department reported a drop of 2.9 million barrels in its weekly inventory report. >>> and general motors expects its vehicle sales in china to be up a little more than 20% this year. that's almost double what the company was predicting earlier this month. >>> and us airways ceo doug pa

we will talk to mark haines.nd tracking down terrorists and war criminals. that's all coming up. you are watching "morning joe" brewed by starbucks. undefeated professional boxer floyd "money" mayweather has the fastest hands boxing has ever seen. so i've come to this ring to see who's faster... on the internet. i'll be using the 3g at&t laptopconnect card. he won't. so i can browse the web faster, email business plans faster. all on the go. i'm bill kurtis and i'm faster than floyd mayweather. (announcer) switch to the nation's fastest 3g network and get the at&t laptopconnect card for free. does two jobs... at once. one: kills weeds to the root. two: forms a barrier, preventing new ones for up to four months. roundup extended control. >>> there are those that will oppose reform no matter what. we know the same special interests and their agents will make the same arguments and use the same scare tactics that stopped reform before because they profit from the relentless escalation in health care cost. i know onc

well, okay. >> mark haines, we love you. >> anyway, look. here's a note on the jobs thing. okay?e late '90s, we haven't grown jobs as much as we used to when the economy was expanding. so don't get hung up on, oh, they're still not growing jobs. the economy can rebound and can prosper even if job growth is relatively tepid. >> thank you so much, mark. >>> new jobless claims rise to 554,000. total rolls fall. the government says the number of newly laid off workers seeking jobless benefits rose last week though the report was distorted by the timing of auto plant shutdowns. they expected though the department analyst says the government sees the adjustment process seeing a sharp drop in claims this week but that didn't happen. >> the battle over the e-book has technology changing the way you read a book. hi, may i help you? yes, i hear progressive has lots of discounts on car insurance. can i get in on that? are you a safe driver? yes. discount! do you own a home? yes. discount! are you going to buy online? yes! discount! isn't getting discounts great? yes! there's no discount for

i'm mark haines. mood swinging investors back to being popular this morning. positive results, shrug ugh off a miss by exxon. >> shares of g.e., some rare respite. up about 6% in early market action. goldman sachs upgraded ge. that could apply to a whole lot of companies out there in manufacturing that have subsidiaries contributing to an overall positive move on the market. >> i thought ge capital was what was holding the stock back. >> there is -- there is that. yes. >> all right, silly me. trying to be logical on wall street. >> yeah. >> okay. this is right now. look at that, added fair value. you're looking at maybe 100 points on the dow at the open. >> and steve liesman, check in with you on the jobless numbers. what do you see there? >>> the claims came in under expectations. all of the noise was a result of the data that we saw as expected. distorgs have worked themselves out since probably the first true reading of the jobs situation we've had in weeks and it shows strong improvement. claims up 45,000. the average ticking down. continuing claims coming

think he has something in his pocket. >> let's get a check on business before the bell with cnbc's mark hainesl right? >> everything is just peachy. >> oh, good. >> back to you. >> you looked like you were fiddling a little bit during the break. >> what's in the pocket? >> what's in what pocket? >> probably some cheetohs. >> this is the strangest program on television. >> it really is. you're just figuring that out? >> it's taken you a while. >> hey, mark haines, jpmorgan turned a big profit. huh? >> jpmorgan turned a big profit, too. back to you. >> wow! >> maria, will you take this away, please? >> things have been better than expected across the board. there was some intel, jpmorgan doing much better than expected. looks like we have some real momentum in the market. >> what about jobless claims? >> that's right. back to you. >> what about jobless claims? >> why am i here? maria's doing all my stuff. >> i said one thing. >> jpmorgan chase, as maria just told you about was good news. then we had the jobless claims which maria just told you about. that was good news. >> i didn't say anything

coming up next, business before the bell with cnbc's mark haines. right here on "morning joe." the great taste of splenda® no calorie sweetener and added a little fiber? sweet! sweet! (together) sweet! (announcer) now for the first time, a gram of healthy fiber in every packet. sweet! (announcer) splenda® with fiber. the $9 icebreaker. walmart announces select eyeglass frames for just $9 -- and they have a 12-month guarantee. back to school costs less at walmart. save money. live better. walmart. more bars in more places. at&t. the best coverage worldwide. for back to school, get the pantech matrix for $29.99 after mail-in rebate. >>> welcome back to "morning joe." that's a shot of manhattan. believe it or not. somewhere through the fog we see a beacon, a shining light, if you will. >> are you losing it? >> hello, mark. let's get the wardrobe taken care of before the hit going forward if we could. >> yeah, that is indeed jersey city, right by the ferry terminal, in fact. >> do you hangout there? >> yeah, i like sailors. it's the ferry terminal. that

mark haines, back to you. >> thank you, rick santelli. let's check the overseas markets. gain across the board in asia. japanese market is closed for a holiday. hong kong, hang seng and south korea kospi is both at the highest level since september '08. shanghai composite adding 2.4%. india up 3%. guy johnson in london. what's going on? >> we're higher as well, mark. six days higher now for the european equity market and the chance just keeps going. move 142 on the euro/dollar is being watched. let me show you the last three months of the euro stoxx 600. the push higher that we've got in the last sweek or so. that's the last six days. that's taking us up to and above the highs we had in the beginning of june. up 1.4%. today you guys have been talking about volkswagen, an interesting story. i have to say i believe believe it when i see it when this deal gets done. speegle and all the other magazines and newspapers have been running story after story on this one. we still don't have closure. even today, talking about a tax bill associate wed with vw taker of porsche. the bo

>> everybody knows mark haines delivers, president obama is at the point in the health care plan where he needs his personal persuasive power, all of the competi competing diagnoses on capitol hill are resisting both the tax provision and the cost control provisions in the bill and slowing the process down and slow the house down. that means you slow the senate down as well. the insurance industry is now bracing to become the target for attack. one sign of this, they are now shifting from talking about taxing employee benefits to taxing the insurance companies that offer the employee benefit. it's the same aim, same kind of tax. they thing it sounds better politically if they tax the insurance companies rather than the employees themself. and finally president obama has the challenge on his shoulders to try to make the sale to the public that we can't slow down or delay to get this done. the market is a very bill political challenge. >> john harwood. can president obama convince $250 million americans that are insured that this health care reform program will help them? here to discuss

. >> i'm trying to do my best to be mark haines. >> the u.s. chamber of commerce launch $2 million ad campaign for a government-run health insurance plan. and react to what the president had to say on china after the opening bell is tom donahoe, president and ceo of the u.s. chamber of commerce. >> glad to be here. >> i know you're here to be talk about health care. did you think that the president struck the right note when it came to china and obviously you're coming from the business side. >> the future of the relationship between the united states and china is fund member tal mentally fast and an economic one. the president raised the right issues. i think the fact he took the lead on the economic dialogue and put it together with commerce and treasury is very positive and i look forward to the next few days. tomorrow night we'll be hosting a dinner with others for the delegation from china. i think this is an important meeting but a lot more to come and lots to do. >> and do you believe that china is open for american business right now? h

>> yesterday i came on here with mark haines. i said, listen, i think pm is going to be huge. no one thinks anyone is smoking tobacco. i don't think, wrong, wrong. pm is not -- this is still a cheap stock with a very good yield. best management in the industry. it's a great growth story in an area where frankly we don't like it politically but we sure should like it financially. >> is it going to run into political obstacles? we're monitoring what we do as citizens. >> a lot of states, a lot of countries have cracked down on tobacco. these are countries for the most part that have not been able to convince young people that they shouldn't smoke. you know, there's a lot of peer pressure in this country not to smoke. in these other countries it's just -- it's still a way of being. >> you're looking at it beyond the u.s. market. >> pm is really just all what's left of just overseas. and the overseas market is still a very big growth market. they're just not thinking about it as a taboo like we do. >> jci, that's another one you're following. >> johnson controls importer is a good

cnbc mark hains thinks so. watch what he had to say this morning on "morning joe." >> i haven't seen a morning like this in two years. it's great. the futures are up five. i -- i -- i -- i wish i could go home! >> i wish i could go home, too. but joining us is a chief economic correspondent for "the wall street journal." john, good to see you. >> good to see you. >> john, are you as bullish? are you feeling like peter ors shortstop zag said? last week the fed seemed to suggest something similar. banks announcing billions in profits. are you feeling things are looking good some. >> i don't know if i want to go home when i'm feeling good but, you know, i -- i -- we have a mixed picture right now. what peter owners sglag said is right. we walked away from the cliff. it looked in february and march we were heading into another great depression. that's why stocks rose over the last few months. it looks like things are settling down. the big question what kind of road are we getting from here? and is the growth stron

mark haines. mark, this is a special moment for me.ls good. took talking to you, my friend. how are you? >> i am fine. i am fine. >> how are you feeling today? feeling okay? feeling all right? >> feeling a little apprehensive here. >> a little vulnerable right now? needing to talk through anything? >> not used to being treated so nicely. makes me wonder. >> here to help you? >> always have been, joe. >> as you told me when we hug, you care too much, joe. >> when i am standing on a walk and i see a bus coming, i always look to see you are not standing behind me. we have the futures doing nicely. we are going to go up. this will be about two things today. one is earnings. and more than earnings revenue, like dupont, it reported its earnings earlier this morning and exceeded wall street estimates. good news, right? well, not really, because the revenues missed dramatically. they made the number by cutting costs and things like that, and the revenue, you know, you can fudge how much goes into the profit column, but you did not fudge how mu

i'm mark haines. what financial meltdown? goldman sachs easily beating profit expectations, on strength in trading and underwriting business. david faber on a call with goldman's cfo right now will bring if us all the headlines. >> great to have you back, mark. mark and i have been betwikt and between but together again.. goldman sachs surpassing the record, pretty amazing.g. on the economic front, investors are looking at stronger than expected retail sales, okay. so that's solid but then the biggest jump in wholesale prices since last 2007, maybe that will go away but we'll go inside those numbers. >> picture right now is not good bad, but not too bad either. we needed 116 to get to fair value so it's even steven. >> goldman sachs is up 5.5% yesterday in anticipation of these numbers being that strong. but what about on the economic side? we've got our market roerpts in place. bob pisani, welcome back. >> good to be back. goldman sachs, down about 1% on the news, but great nuns here t beat on the top line. bottom line terri

i'm mark haines. encouraging housing data. i don't think that's encouraging but there are worries about the quality of corporate profits. citi, bank of america, ge, the most active stocks on the big board in the wake of their results. citi and b of a are higher. ge is down. they boosted the full year r earning forecast. let's get to rebecca jarvis on the floor. >> i'm joined by matt nesto to break down numbers. kind of a tepid response as far as the market is concerned to these earnings report. we're seeing bottom line growth because of cost cutting but top line growth isn't there. >> that's disturbing. it's sort of like serenity now prayer. you can't deliver on the top line. we saw companies with a top line miss or big declines in top line growth, you can cut cost but at some point you have to start growing revenues again. g mem ge, mattel, all with a revenue miss here today. that's going to be a continued area of concern for this marketplace no doubt about it. >> there's also the area of concern that is to say maybe we have

other than mark haines, to who say whom i listen about stuff is art cashin. and he said he needs a few more days here. and he says be nimble. and i think that's obviously, in this market, the right thing to do. it looks as though the market try toes make the fools of the most number of people the most amount of time and it's doing that right now. >> and so when you listen to jpmorgan, which one do you trust as the bigger view of what's to come right now with jpmorgan and goldman sachs? >> i love those two together, rebecca. the best of times being those two, worst of times being cit. the people manage their business in a way to get through this incredible crisis over the last couple of years are reaping the benefits and unfortunately, the others are getting hurt. >> all right. so where should i put my money here? what sector am i going to be treated best? >> sean or me? >> we'll stick with you. >> we'll come back to sean. >> no surprise. i still like the tech area, mark. i think -- and is then when you get a pullback, which you're going to get at some point h

the reason being i know where mark haines is right now. ng, you must make the case of why the bottom is going the way of the do do. >> i have a gift for mark i was going to provide him today. he's not here. i'm going to save it for next time. when i was with you on april 14th we were talking about the economic recovery. he loved my tie. he and i were headed for washington to talk to the defense department after the snipers took out the pirates. remember? >> uh-huh. >> in certain asian cultures when you're complimented on your tie, you give that tie to the complimenter. >> oh, so mark is getting the tie. he'll be very -- now you're going to make nice to him after you say is bottom is going the way of the do-do. >> i think his bottom is about to get -- frankly. i think that because recently i was on a tour in the carolina mountains with some clients at their summer home. and i always ask them questions. how do you feel about certain things? what's going on in your tummy? what's going on in your heart? they're afraid. they're really scared. i

i'm mark haines. the s&p case-shiller home price index is out. >> here's the news. do you want the good news? >> i want the good news. >> it's the fourth month in a row of improvement. we are looking at the numbers from may. which are slightly back dated. but fourth in a row of improvement. price are still dropping dramatically just not as much as they were. so in makers home prices are down 17.1%, mark. but in april, down 18.1. >> oh, so only 17%. that is good news. >> exactly. now in between april and may, so instead of the year on year. it's down 17.1% in may, but if you compare may home prices to april, they were either up or flat in 16 something happened -- >> i'm sorry, they suddenly turned this thing in my ear on. >> 16 out of 20 markets, prices were either up or flat from april to may. so if you're looking month to month, there was some real improvement. but we're going to have one of the chiefs of case-shiller with us to break it it down. >> okay. i apologize. but all of a sudden, 800 decibels came screaming into my ear. let's check the future. down 6.20. t

i'm mark haines, president obama has to make the sale of the century. can he close that deal?>> chrysler throwing money on the hood, doing everything it can to close that deal. offering huge incentives. have we seen thisstory before? is the government putting bambi on a black list, saying good-bye to goofy, the latest on the place where fund goes to die, washington, d.c. that's our show and it starts right now. >>> let's check the market for you. dow is up 2 1/4 and s&p is up 3. nasdaq up 11 1/2. crude oil -- it's up 8 cents. it was down more than a buck this morning. here from the trading floor, bob at the big board and roberto in chicago. cool breeze, you first. >> the market may be flat but one sector doing good is the hold building sector. the reason the home builders are moving, had earnings way above expects. these sell mostly to first time buyers but here's what's amazing, not only do earnings beat by a wide margin, write-downs even

." >> i'm scott wapner in more mark haines. oil extended the previous weeks loss losses. >> let's look at the futures. it's lower across the board. a lot of concern. as we've been saying, scott, one of us said to me this morning it's more like there's moss, not green shoots. going from green shoots to moss is a downgrade. maybe that's what we're seeing in the market. the dollar, interesting story. china making reassuring comments about the dollar. ahead of the g-8 meeting in italy this week. beijing has made all sorts of noises about maybe getting another currency instead of the dollar to be the global reserve currency. they are now saying, however, they foresee the dollar to be the main currency 40 well extended too chur. china's vice foreign minister told reporters it is not the position of the government that tus dollar is still the most important may currency of the day. >> that is the formal position. >> until tomorrow. >> until they say, oh, what about the ruble? >> i think they've enjoyed te e tweaking us over the dollar

mark haines, back to you. >> rick santelli, thank you very much. it's another blockbuster week. so far investors like what their see, but dig deeper, you'll find while companies are beating earnings estimates left and right, more and more are missing revenues. which leads to the question, are companies cutting too deep? and what does that really say about the economy and recovery? joining us now david gers of highmark capital and den shreves. the issue here of missing revenues first? >> coming out of last year, we had a very significant credit crisis. so volume are down significantly but companies move very quickly to try and preserve cash. theytoried to get away from dependence on commercial paper market a. in so doing, they set themselves up to try and be more efficient and preserve cash. as volume start to increase, we expect profit margins to accelerate from here. that's very important through the next two quarters and the rest of this year that nonfinancial earnings are expected to be down quite significantly this year and yet we're at the early stages of a possible changin

now, let's go back to mark haines. >> all right, thank you, rick santelli. stocks trading le ining lower o friday morning. corporate earnings kicking into high gear next week. how to get ready. david joy, chief market strategist with river source investments joining us. and robert lowe's portfolio manager with the integrity growth and income fund. robert, start with you. last time you were here you said we were in the middle of a 20-year secular bear market. >> i did. >> can you change your mind? >> i have not, mark. >> all right. >> i think we have seen about $30 billion in destruction of assets on a $200 trillion asset base over the last year or so. that's simply not going to be rebuilt for 10 or 20 years and lit support probably a 10% to 15% lower level of spending, employment, economic activity. so this is the first balance sheet recession we've had since the 1930s of any significance. and they take years to rebuild through savings. >> david joy, any joy where you are? >> well, i think that even if we are in a secular bear market, there is a very good ch

mark haines, back to you. >> rick santelli, thank you. >>> gains across the board in asia overnight. hong kong, hang seng up 3 %. highest finish since september. china's shanghai composite, up 1%. 13-month high. guy johnson, what's happening where you are? >> we're down, mark, at this stage. we were down at this stage yesterday and managed to finish in positive territory here in europe. i'm not going to call this one too early. we are seeing negative sentiment. switzerland is one exception i'm going to talk about. big reporting day in zurich. let me first deal with what's happening with porsche, the sports carmaker. we're going to see a deal between porsche and vw. vw is going to take over porsche. the ceo of porsche is going to be stepping down. he's been at the company for a long time. his payout is $70 million. that is his gold dn parachute. he is getting out of this business with a big, big payout. the company saying though that half of that money is going to go to charity. credit swiss is flying if zurich. it's this and cross town rival ubs. return on equity is 27.4. that is a l

les check business before the bell withccc's mark haines.. >> i stay here for haines. care of it. >> let's get to thehe market. it okoks like mht open up slightly --- havave to tell yo apapogogiz to mike bbarcle, thee stock maet ran into a road mp, a speed bumphere. peoplele startedo worry again about whether the economy iss really recovering. certainly nott mme,ike. but pepelele a. anand toyy we are seing more evidence of tht. i i staring p,p,y the way, because i hee aboboar by the way,ususover the cmera with all sorts s of data on it.. i am seeeein oils nowown another bubuc atat'sreat news for thosef you who needednenerg which is everybody, but it incates to investors s that ybe th e enoy is weak. less demandfor e eney y mes weaker economy. that's t the way thh think. sothat mindset isisind of crcrpipingn to the market right now,w, n necessarily into the ececomomy,though. i saw data yesrdrd aboutt loan dedeliuencies, and how eerybody was ringingheheands becaususe total ln delininenenci has risen, andnd nodody istopping to say tt means 96.77% are n n denqnquent. we t

i'm mark haines. banks break more than a week of strong starts to trading.esults from morgan stanley and wells fargo kind of taking the wind out the market sails, even a soaring boeing doesn't look like it will give enough lift to the blue chips to get an eighth day of gains. but, it's early yet. >> it's still early. i'm rebecca jarvis in for erin burnett. if to underscore the caution, bernanke back on the hill today to reiterate the need for fiscal responsibility. we'll bring you his senate side q and a session live when it begins later in the next hour. >> okay. the futures, down 840, but we get a little break here because we were two points above fair value. still, you're looking at a drop of maybe 30, 40 on the dow. >> all right. and we're going to find out how this porning's news is playing out in early market action. we've got it covered. reporters are standing by. we begin with bob pisani here at the big board. bob? >> good morning. interesting mixed picture here on the earnings front. boeing came out with good numbers. beat by 20 cents. one of the fe

sunshine, mark haines.mbers for us, my friend. >> good morning. >> good morning. >> willie. >> yes, sir. >> he always has to go there? why it is when i come on, she starts talking? >> it's her show. >> i thought i was supposed to start when i came on. and we have housing numbers, construction of newest homes rose in june to the highest level in seven months. and a sign builders are starting to regain confidence, except we have too many houses already. and the market didn't take that as good news. and we have ge, beating earning estimates however. and they say they did it by cutting costs. they are worried about the revenue side, the income side. and citigroup posted a nice profit today. cit still trying to fend off bankruptcy. and bps -- those are the headlines. the biggies. >> you know, mark. it's always a question for me whether i ought to listen to you on a friday morning, or just go out and get in my car and drive it straight into a bridge. it's jump ball as to what i should do? >> well, you know, if yo

i'm mark haines.they're going to push to the plus side after cit gets a $3 billion lifeline. cnbc confirms cit has reached an agreement with key bondholders that staves off bankruptcy, at loose for the moment. and buys the small business lender more time. >> hello. i'm rebecca jarvis in for erin burnett. today kicks off a huge week with quarterly reports from nearly 30% of the s&p 500. 40% of the dow 30. mark? >> futures right now looking good. we're up 560. we needed 0.28. pretty much what you see is what you get. 40 points on the dow? >> cit headline, a very important one. cit lifeline, one that we will continue to delve into. right now senior economics reporter steve liesman back at hq with the latest. hey, steve. >> thanks. as you said, cnbc is on the cit's board of directors last night. it hopes will stave off bankruptcy for the small business lender at least in the short term. this is financially, not capital yet. official announcements expected this morning on the loan. carries a 2 1/2-year ter

i'm mark haines. investors's attention going to get caught in a tug-of-war this morning.side, we've got bernanke, on the other we have earnings from big dow components out already, caterpillar rigging up the biggest premarket gaines. the dow looking to open not too bad. it's going to extend the six-day winning streak at the oerng the tenth day of gains. and at s&p starting off from its highest close of the year. in fact, the highest close since november of last year. >> not too bad. i'm rebecca jarvis in for erin burnett. ben bernanke on the hill to deliver his most important semiannual testimony on monetary policy. the key words to listen for "inflation," exit strategy," also kw "timing" is going to be important because we wanted to know when we can expect an exit to take place. we'll also bring that to you live and uninterrupted at the top of the next hour. mentioned, noting too that bad. we are up 4.10. closed a point above fair value. it's all good. >> west coast viewers wake up this morning to california governor arnold schwarzenegger and the state's legislative lead

i'm mark haines. the bull is looking to take back the reins after yesterday's winning streak.ting banks behind them. investors concentrating on upbeat reports from ford, at&t, and mcdonald's. >> mcdonald's was in line with expectations. i'm rebecca jarvis. optimism void bi-weekly jobless claims, coming in smaller as some had feared. the seasonal adjustments, auto plant closures, that sort of thing playing into these  numbers. >> that really made them less than reliable the last couple of weeks. they need to get past this period where they keep doing the seasonal adjustments. futures reet now as you can see, not great. we're up 260. needed 1.50. that's a relief. flat to slightly positive. >> now, as everybody knows, cnbc is earnings central. but this morning, "squawk on the street" is ceo central. check out the lineup. live, first interviews for our morning beginning at 9:30 a.m., qualcomm ceo paul jacobs joins, greg donahue will join us, and at 10:00 a.m., doug parker. he is the chairman opd ceo of us airways. he will be with us. jordan ce dorks is up next. and at 10:30, jim