mike huckabee straight ahead. >>> talking with the volkswagen's ceo. >> we were dishonest with the epa and resources board and with all of you, and in my german words, fallout from the cheating scandal as the second hour of "squawk box" continues right now. ♪ >>> live from the beating heart of business, new york city, this is "squawk box." >> welcome back to "squawk box," everybody, first in business worldwide, cnbc. i'm becky and our guest host for the hour is former wells fargo chicago, and thank you for being here, here to talk about the fed, economic growth, and banking industry over the next 20 years, first, though, andrew has this morning's top stories. >>> starting with the markets, a negative start this morning, red arrows now officially across the board. you can see what's going on. u.s. equity futures at this hour are down as well. by the way, the dax over 2.5%, and u.s. futures opening down 180 points off, and s&p down, and nasdaq down about 59 points. >>> in political news, wisconsin governor walker is now bowing out of the race for the gop presidential nomination. walker's support fell 10% in july, less than 1% by september. here's the