max baucus will join us with his thoughts on what needs to be done to get a deal done. >>> plus snap,rtfolio straight ahead the second hour of "squawk box" begins right now ♪ >>> life from the beating heart of business, new york, this is "squawk box. >> good morning, everybody welcome back to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. after an up day for the market, a you're looking at the dow futures down about 14 points s&p futures off just fractionally and the nasdaq is up about two points >>> got a lot of headlines to tell you about this morning. bank of america's earnings just 70 cents per share -- i shouldn't say just 70 cents. also above forecasts with revenue. you're looking at that stock up about 4% already in the premarket after that announcement >>> shares of united continental also jumping this morning. adding capacity during the quarter and expanded its customer base. you're looking at that stock up over 6% this morning and ceo oscar munoz is going to join us to discuss t

neil: to the former ambassador to china under president obama max baucus. he is arguing that the chinese are in a lot better shape than the world seems to be thinking. i think ambassador, that is one of the reasons why you don't automatically expect the chinese to willy-nilly bend because they have to, right? >> frankly, i think the trade dispute is hurting both our countries. it is hurting china more than it is the united states however i think the chinese can with stand pain more easily and endure pain more than can americans. given all that, i think there is decent chance we'll have some kind of a trade agreement. it will be moderate. it will be a little bit of window-dressing, both sides can declare victory and we'll go on. they cannot address the deep underlying problems we have with our two countries that is the problem we face this year and next year. neil: ambassador, i know when you were dealing with the chinese, we won quite a few arguments with the wto, did they make good on punishment or reprimands, the wto would mete out? for example, it would