power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. parts a and b and want more coverage, guess what? you could apply for a medicare supplement insurance plan whenever you want. no enrollment window. no waiting to apply. that means now may be a great time to shop for an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. medicare doesn't cover everything. and like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay. so don't wait. call now to request your free decision guide. it could help you find the aarp medicare supplement plan that works for you. these types of plans have no networks, so you get to choose any doctor who accepts medicare patients. rates are competitive, and they're the only plans of their kind endorsed by aarp. reme

power your client's portfolio with powershares.fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. what if we could bring you by having better values? at blue apron, we work directly with more than a hundred family farms. so instead of spending on costly middlemen and supermarkets, we can invest in the things that matter most: making farmland healthier. cutting down on food waste. and bringing you higher quality, fresher ingredients for less than you pay at the store. because food is better when you start from scratch. get $30 off at blueapron.com/cook >>> welcome back to "squawk box," every. we are waiting for a adp employment report.

coming up monday morning, the author of the book falls like powershares's view.ounding member of the vana on their organization's anniversary and the reform efforts. as well as scott massi only who talks about the 2.1% increase in military pay. be sure to watch washington journala begetting life monday morning. join the discussion. republicans released a discussion draft of their health care law is meant on thursday. the congressional budget office will score the bill this week when senate floor debate is expected to begin. ourosted the bill on website. follow live coverage on the internet and on the free radio app. when theyfs of staff talk about the global challenges facing the military including threats of isis and north korea. several were fair and modernization, he made remarks at the national press club. this is just over one hour. [crowd chatter] >> good afternoon. ladies and gentlemen. colleagues, all. members. welcome to the national press club.

there is already an etf from powershares. it contains a lot of old media.is not raking in the cash. in etf's isabout 20 a hit. there are a dozen others they go right to the graveyard. the odds are against it, but we have seen crazier things happen. julie: is it smart beta? does it use factors to figure out what to put in it? eric: the screening process is so unique and the weighting process will be slightly tilt on market caps. it is smart beta, just on the edge. julie: eric balchunas, talking quincy jones. vonnie: thank you. still ahead, cibc ceo victor dodig joins us in a exclusive interview. this is the canadian lender pushing deeper into the united states. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters in new york and london, i'm vonnie quinn. mark: and i mark barton, this is bloomberg markets. let's check in on bloomberg "first word news." have syria and russia dismissed allegations that they are preparing for another chemical attack. president trump warned president assad that they will become sequences. president trump ordered a

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. [ eerie musthe mummy...t ] has returned. you wish to see... what i have seen? you will... when... i... kill you. [ explosions ] [ intense music ] the mummy. rated pg-13. [ eerie musthe mummy...t ] has returned. you wish to see... what i have seen? you will... when... i... kill you. [ explosions ] [ intense music ] the mummy. rated pg-13. >>> welcome back. shares of pandora moving around a lot this morning after news we first brought you but of course it boons confirmed by the company, sirius xm making a $480

power your client's portfolio with powershares., risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today. comcast business. built for business. >>> welcome back to "squawk on the street." let's go out to susan lee, she's at the international hospitality conference sitting down with the president and ceo of hilton worldwide, chris nassetta. susan, take it away. >> sara, so much to talk about, terror, stagnant business travel. we'll start with the tragic events in london. three attacks in three months what does that mean for tourism?

power your client's portfolio with powershares.e investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. hey you've gotta see this. cno.n. alright, see you down there. mmm, fine. okay, what do we got? okay, watch this. do the thing we talked about. what do we say? it's going to be great. watch. remember what we were just saying? go irish! see that? yes! i'm gonna just go back to doing what i was doing. find your awesome with the xfinity x1 voice remote. >>> welcome back, everybody. turning to today's agenda, there is a pair of chick reports that are racking up the trading week. hey housing starts are out at 8:30 a.m. eastern time they're forecast to have risen by more than 3% after falling in april. building permits are expected to remain largely unchanged then at 10:00 a.m. you can look for the first report on the june consumer senti

power your client's portfolio with powershares.onsider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> iconic tours, it's our seventh city hundreds of entrepreneurs have gathered here today. they all have the opportunity to learn from proven business leaders. at cnbc, we talk a lot about big businesses >>> welcome back to "squawk box. silicon's start up of open gov for more we want to bring in zach, the co-founder of open gov. >> we just signed with one of the largestcompanies in the space. >> what are you going to do with them >> they're going to distribute our software to the 1,500 customers around the country >> open gov is open and more powerful government, including comprehensive opening movement there's a whole movement on for more effectiveness and more accountability and there needs to be a technology background. >> who are your customers for the most part? >> cities, counties, sta

power your client's portfolio with powershares.ing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. ♪ >>> welcome back you're watching sq"squawk box" live from the nasdaq market site in times square. >>> good morning welcome back to "squawk box. let's look at the u.s. equity futures. they've been higher after significantly difficultday for the markets yesterday. particularly the nasdaq. technology shares untd preder pressure this morning futures are up by close to 18 points dow futures up by 80 points. the s&p looks like it would open up by 10 points. also watching shares of bank of america. after the bank's dif den increasi increase, berkshire saying it will convert 700 million shares to common shares you can see 24.54 is where bank of america trades now. berkshire bought those shares back in august of 2011 warren buffett told share holders he would be converting these shares once th

power your client's portfolio with powershares., consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. gave us the power to turn this enemy into an ally? microsoft and its partners are using smart traps to capture mosquitoes and sequence their dna to fight disease. there are over 100 million pieces of dna in every sample. with the microsoft cloud, we can analyze the data faster than ever before. if we can detect new viruses before they spread, we may someday prevent outbreaks before they begin. >>> we take you to ge's facebook live investor meeting. this is on-flannery, the incoming ceo. >> we need to improve on and improve on i think quickly so no one's happy with the stock price right now. or some of the cash -- you know, pictures that we have had. we know we can be better at those things i want to focus on those things. so i'm going to spen

power your client's portfolio with powershares.investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. >>> alibaba kicking off a two-day event in detroit, helping them market and ship their products to chinese consumers, part of ma's pledge to help create a million new american jobs. david faber is there he will be with the vice chair today at 3:30 on closing bell and then tomorrow with us on "squawk on the street" the man himself, jack ma. >> that will be fabulous i urge people to recognize that this man is the guy who changed my mind. my friend, hesh greenburg, told me a lot of different things to ask. i asked them when we were delivering alpha so much, i like joe tsai's answers. some people may not. it will be a ve

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. ...you realize the smartest investing idea, isn't just what you invest in, but who you invest with. ♪ a used car, [ mhow was work?g ] well, actually... you're fired! [ screaming ] lucy and i were invited to not work at the a.v.l. anymore. no! minions! we're going back to villainy. [ cheering ] so, you're villains now? oh no! no. no. no. no. no. [ laughing ] [ evil chuckles ] yow! yes. despicable me 3. rated pg. >>> welcome back here are the markets for you, dow down 15 points n in fact, moving up throughout the day here, nike weighing on the dow, talking more about that in a moment. the s&p down five points, best performance in descending order there. nasdaq down half a percent there, and russell shedding two-thirds of 1% home

power your client's portfolio with powershares.investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> markets on alert as the senate bill to overhaul obamacare appears to be on life support. the latest on where the bill stands and the battle against opioid addiction from fda commissioner dr. scott gottlieb. >>> energy and focus, as oil is near seven month lows. major players meeting at the white house today and tomorrow we'll be speaking to oil tycoon harold hamm ahead of those talks. >>> and technology tumbles after google is hit with a $2.7 billion fine a closer look at the sector and whether or not there's more downside to come that is straight ahead the second hour of "squawk box" begins right now >>> live from the beating heart of business, new york city, this is "squawk box." >>> good morning welcome back to "squawk box" right here on cnbc we're live at the nasdaq market

author of the book falls flat powershares's view that black political power failed to produce significant for african-americans. of the 90'sg member on thervana organization's 25th anniversary heads election reform efforts. and scott massi only talked about the 2.1% increase in military pay in the 2018 federal budget. be sure to watch c-span's "washington journal," live at 7:00 a.m. eastern on monday morning. join the discussion. >> senate republicans release a discussion draft of their health care law replacing on thursday, the congressional budget office will score the bill this week when senate floor debate is excited to begin. we posted the bill at c-span.org . follow live coverage on c-span and onne at c-span.org, the free c-span radio app. >> andrew mccabe testified on the bureaus 2018 budget request. this is just over one hour. >> the committee will

really simple, a relationship between the nasdaq 100, the powershares qqq and russell shares etf. cap tech, as everybody knows , doing very well. ofil a little bit underperformance yesterday, at its highest level since 2001. shows how much people love these big tech cap names. scarlet: say that quickly five times. joe: we are still nowhere new the peak of the bubble, so putting into perspective some of big long-term trends. scarlet: the market closes next. take a look at the major indexes. i left a a lot of time for this so you can revel in the round number of the dow jones industrial average. 21,200. and two. we should mention the dow and record territory. so it has caught up with everyone else. this is bloomberg. ♪ julia: what'd you miss? for the year. i'm julia. scarlet: i'm scarlet fu. joe: i'm joe weisenthal. we want to welcome you to our closing bell coverage. some breaking news. according to the new york times president trump has said to pick for the federal reserve board. quarles goodfriend. we were just saying the white house has been pretty slow nominating their picks. n

talks to restore powersharing at stormont will be allowed to extend until monday, after this afternoon'sow the markets in europe have ended the trading session. the ftse 100 is now in negative territory for the first time today. staying there. health care and consumer stocks are weighing heaviest on the index, which is outweighing gains in banking shares today. hsbc has been a big gainer today after morgan stanley upgraded its rating on the stock. mining stocks have also done well today, helped by higher metal prices. not much of an affect on the overall index. supermarket tesco and wholesaler booker have asked the uk competition regulator to fast—track its probe into their proposed £3.7 billion tie up. tesco announced it had agreed to buy booker in january and the competition and markets authority started an initial review in late may. the firms now want the cma to move "more quickly". the cma is assessing whether the proposed grocery tie—up could reduce choice for shoppers and for small stores supplied by booker. rolls royce say 7,000 jobs in the east midlands are secure following thei

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. what's critical thinking like? a basketball costs $14. what's team spirit worth? (cheers) what's it worth to talk to your mom? what's the value of a walk in the woods? the value of capital is to create, not just wealth, but things that matter. morgan stanley >>> good morning. welcome back to "squawk box" right here on cnbc. among the stories front and center, we're watching shares of alibaba this morning, the stock reacting positively after the chinese-based retailer projects revenue of 45 to 49%. you doesn't hear numbers that often. that stock up over 11% this m

ahead, today's trade looks .t the powershares from new york, this is bloomberg. ♪ >> misses bloombergy's options insight. is -- when youy are here last week, we talked about the triple cues. the selloff in the rotation we saw into value. here we are about a week later and it is hard to make sense of what has happened last week. >> i would say the current theme is frustration. we've had a rotation of different sectors on a daily basis. peoplegest cinnamon is think that selloff was technical fundamentalven, not . we think there could be big sellers celebration on any >> it sounds like you want to buy that insurance trip that you want to make sure that if there is another downturn were not caught. >> we like using the strength on ahead. it is hard to its weakness in the market and people are thinking it is your money flows are now and that is what we are saying these rotations. week you are reopening that with a different price that you are looking at. walk me through it and why. we reallylast week like to use spreads. it is an arduous task and we think giving yourself some time is the r

looks at the powershares qqq to etf, which tracks the performance of the nasdaq 100, down for the pasts is bloomberg. ♪ julia: this is "bloomberg markets." i am julia chatterley. scarlet: i'm scarlet fu. time for the "options insight" with julie hyman. head ofoining me is the institutional equity derivatives at oppenheimer and company, here at a perfect time, because we're talking about technology. we have been talking about the selloff we have been seeing. you guys were sort of turning on tech at the beginning of last week, or go for the current selloff happen. why were you getting a little shorter on technology even before the turn in the market? >> i would say is illegal move year to date, if you look at the qs, massive outperformance versus the s&p 500. we reached a point where the bullish sentiment hit over 90% and everyone was talking about how crowded it was from whatever acronym people are using now. we saw an opportunity where it someone wants to protect their portfolio and data on the downside, we have the triple q -- two qqq, nasdaq would give you best bang for your buck. ju

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. live-streat the airport.e sport, read it carefully. binge dvr'd shows, while painting your toes. on demand laughs, during long bubble baths. tv on every screen is awesome. the all-new xfinity stream app. all your tv at home. the most on demand, your entire dvr, top networks, and live sports on the go. included with xfinity tv. xfinity the future of awesome. >>> welcome back to "squawk box. a much anticipated independent investigation of uber conducted by eric holder will be introduced today >> this will be a pivotal moment for the start-up and possibly a reset. it's also one that could see travis kalanick himself step aside as he weighs a three-month leave of absence we're told from a source that around 1:00 p.m. today, 10:00 a.m. local, a summary of the investigation will b

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> main street hungry for tax reform while the trump administration has come out with a bare bones plan for tax reform, the small business community was happy to see the parity in the proposal kate rogers has more from north carolina on small business and tacks. good morning >> reporter: good morning to you, joe small businesses like journey's way point solutions group say their frustrated with the tax code he is an llc and says he hopes for a lower rate under the new administration >> if we have a profitable year we pay taxes on all of the profits. doesn't matter if we're reinvesting the profits back into the business or putting it in our pockets, we're taxed on the whole thing. >> in north carolina the state overhauled its tax code in 2013 giving some what of a break to s

power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. my friend susie cracks and hello sensitive bladder. ring a bell? then you have to try always discreet. i didn't think protection this thin could work. but the super absorbent core turns liquid to gel. for incredible protection... ...that's surprisingly thin. so it's out of sight... ...and out of mind. always discreet. for bladder leaks. also in liners. >>> welcome back, everybody. bills in gasoline over the last few weeks have rattled the market sending oil under $44 a barrel today today another report is very likely to be a market mover as well jackie deangelis is here she joins with more on what she should be watching >> good morning to you, becky. well we're just two weeks away from the fourth of july holiday. the peak of th

power your client's portfolio with powershares.er the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. ♪ ♪you are loved ♪ but we should be seeing more range of motion.k good, i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh... am i covered for that? yep. look. grandpa catch! grandpa duck! woah! ha! there you go grandpa. keep doing that. get ready, because we're helping leading companies lead with digital. >>> welcome back, everybody, the oecd out with its latest forecast on global growth. steve liesman joins us with a special guest. >> thanks, becky. good morning. we're here with krach win mann. a very

power your client's portfolio with powershares. fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> good morning, everybody. welcome back to "squawk box" here on cnbc. we are live from the nasdaq marketsite in times square. among the stories that are front and center this morning blackberry is shrugging off a move by toyota to use rival software for future vehicle consoles. black bury software had been used for toyota's in tune entertainment app. toyota's now going to be moving to open source software developed by consortium of about 100 companies. blackberry says it's now more focused on autonomous driving software. >>> new jersey voters head to polls today to begin the process of picking a replacement for governor chris christie. primaries are being held for both republican and democratic candidates. christie's term runs out at the end of this year and term limits prevent him from running for a

power your client's portfolio with powershares.vesting, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. the future isn't silver suits anit's right now.s, think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. it's a new kind of network. xfinity mobile. >>> good morning and welcome back to "squawk box" here on cnbc. we are live from the nasdaq market site in times squa

power your client's portfolio with powershares.e investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia stocks to watch this morning, toyota shows that it sold its entire stake in tesla after the end of last year after cancels its ties for the electric cars. toyota had got a stake in tesla for $50 million. >>> boeing has delayed the delivering of the 737 max jet because of technical issues. move comes after boeing had to deliver the first delivery of the boeing 737 last month. >>> and coca-cola, ahead of the trade deadline to settle a trade dispute with mexico reuters

power your client's portfolio with powershares.ore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. live-streat the airport.e sport, read it carefully. binge dvr'd shows, while painting your toes. on demand laughs, during long bubble baths. tv on every screen is awesome. the all-new xfinity stream app. all your tv at home. the most on demand, your entire dvr, top networks, and live sports on the go. included with xfinity tv. xfinity the future of awesome. >>> a check on currencies in the broader market right now, following that shocking uk election outcome. joining us now, simeon heimen at pro shares advisers and wynn thin at brown brothers harriman. would either of you take something from yesterday to talk about this more important? what do you think is more important? the uk or the comey testimony? >> i think the ecb and comey were leaked. we had details that came out the

power your client's portfolio with powershares.ing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> our guest host this hour is mark grant chief strategist at hilltop security so backdrop, mark, the lower 10-year seems to be, i mean, that growth projections are too -- or something. you think that's a reason for your -- for you thinking there won't be another hike and that the fed is already going too much, even though we're at such a low rate already i mean it's barely cutting back on all this accommodation. and you think that that's the wrong move >> yes, i think it's totally the wrong move think of this a moment the fed is the central bank of the united states. and we have a president that says he wants to cut taxes he wants to build the infrastructure, he wants to increase our military spending and what does our central bank talking about? they're talking about increasing inter

power your client's portfolio with powershares.e investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> welcome back to "squawk box. right now it's time for the executive edge goldman sachs ceo lloyd blankfein speaking to jim cramer on "mad money" last night. he explained his new found love for twitter. >> lloyd, you're tweeting. what is that all about >> you know, i agree, it's not for an institutional firm like us, it's not that usual. but you asked me about the financial crisis before. in the financial crisis there was no -- nobody knew anything about what goldman sachs did the value we create, what we do in the communities also the important in raising capital for people who need capital, helping to create business, hire people, the circle of employing people i said if this ever happens again, i won't allow there to be a vacuum about what we're like i'm going to communicat

power your client's portfolio with powershares.consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> markets now, stocks pointing to a mixed open an wall street >>> front and center, live in washington with more reaction to the gop plan to repeal and replace obamacare. >>> and doug parker speaks out on qatar air's proposal to take a 10% stake in his company we have his comments and a industry outlook straight ahead. the second hour of "squawk box" begins right now >>> live from the beating heart of business, new york city, this is "squawk box." >>> good morning, welcome back to "squawk box" right here on cnbc live at the nasdaq marketsite in times square, i'm andrew ross sorkin along with becky quick and joe kernen futures at this hour, we'll show you what's going on. we are red in the dow. dow looks like it would open off about 32 points. s&p 500 unch or slightly up. a little bit of gr

power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. the future isn't silver suits anit's right now.s, think about it. we can push buttons and make cars appear out of thin air. find love anywhere. he's cute. and buy things from, well, everywhere. how? because our phones have evolved. so isn't it time our networks did too? introducing america's largest, most reliable 4g lte combined with the most wifi hotspots. it's a new kind of network. xfinity mobile. ♪ >>> we're one week away from the july 4th ho tth holiday millions are getting ready to hit the road according to gas buddy it's the cheapest independence day in more than a decade joining us now is patrick deh

power your client's portfolio with powershares.ore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> breaking news, jeff immelt stepping down as ceo of general electric we have the details and stock reaction straight ahead. plus, technology stocks under pressure what is behind the recent sell-off top rated analyst of rbc talks about the fang stocks. uber's calvin kalanick could face a bumpy ride with the board as the company takes action to review its policies and corporate cultures and the rising world of e-sports gamers get competitive and companies are taking notice. that story plus some big announcements from e-3 the second hour of "squawk box" begins right now >>> live from the beating heart of business, new york city, this is "squawk box." >>> good morning, welcome back to "squawk box" right here on cnbc we're live at the nasdaq marketsite in times square i'm andrew

power your client's portfolio with powershares.and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> up next economic data, durable goods about to hit the tail and later former commerce secretary penny pritzker will join andrew live 8:40 a.m. eastern time positive day on the markets. dow looking to add about 78 at the open stay tuned at fidelity, trades are now just $4.95. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. >>> we're just seconds away from may durable goods. let's take a check on futures ahead of the economic data that will be released an up day h

power your client's portfolio with powershares.onsider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. >>> let's get over to rick santelli and get the santelli exchange >> carl, you know, it's independence day fourth of july weekend you know what happens on fourth of july? lots of fireworks. you know what may happen at midnight tonight lots of fireworks from rating agencies my guest, john miller. he manages a portfolio municipal securities, one of the largest in the world john, what's going on with illinois and chicago >> on the state of illinois, it's been a long time, over two years, since they've been able to get a budget agreement. we're about to go into potentially the third fiscal year s & p in particular has warned they will

power your client's portfolio with powershares.ore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> we'll talk to chris liddell in a moment, nearly 20 heavy hitters headed to the white house. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list.

power your client's portfolio with powershares.the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. so, how are things carthey-ise? you're fired! [ screaming ] it's time to get back on top. we're going back to villainy. ♪ so bad ♪ so good that i'm so bad... [ maniacal laugh ] ♪ don't try to fight the feeling ♪ ♪ of somethin' that's so organic. ♪ [ pop ] despicable me 3. rated pg. >>> a fifth republican senator has now come out publicly against the healthcare bill that was unveiled yesterday john herwood has details for us right now. who was that, john >> bill, it's dean heller, and that's a significant development. represents the state of nevada he is up for relection next year what he said in a state where a couple of hundred thousand people gained coverage under obamacare was that this bill is simply not the answer. >> i'm telling you right now i ca

power your client's portfolio with powershares.consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. they are the natural borns enemy of the way things are. yes, ideas are scary, and messy and fragile. but under the proper care, they become something beautiful. >>> all right. unfortunately when we get to stock trading it means the end of our hour is approaching. >> i want to hear what american had to say today carnival cruise reported -- i guess people are sort of yawning that it was another unbelievably good quart quarter. david, bookings and type -- going back with my friend matt horry, who writing with me, 2019 is the first real bookings you can get. this is amazing. oil being down is huge for them. they use bunker fuel, so you may want to buy carnival cruise if it comes down. that's part -- when i spoke with arnold, he made it clear, peopl

power your client's portfolio with powershares.the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. (b♪by crying) minutes old. ♪ a baby's skin is never more delicate. ♪ what do hospitals use to wash and protect it? ♪ johnson's® the number 1 choices in hospitals. >>> 34 of america's biggest banks prompting them to announce increases in buy backs kayla joins us with more and 100% of net investors and began announcing yesterday and in some cases in re

power your client's portfolio with powershares.nvestment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> british conservatives signed a deal to back teresa may's government this after she lost her majority in the house of commons. ilene foster confirming the agreement. >> we have reached an agreement with the conservative party on support for government in parliament this agreement will operate to deliver a stable government in the united kingdoms national interest at this vital time. >> japanese air bag maker takata filed for bankruptcy protection overwhelmed by lawsuits and recall costs related to its air bag inflators new video this morning of the near fatal fall at six flags amusement park in upstate new york that occurred over the weekend abystander capturing a 14-year-old girl dangling more than 20 feet above ground but a crowd bathered below her and she fell into their arms she is in stable condition at

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power your client's portfolio with powershares.objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. at crowne plaza we know business travel isn't just business. there's this. 'a bit of this. why not? your hotel should make it easy to do all the things you do. which is what we do. crowne plaza. we're all business, mostly. we, the device loving people want more than just unlimited data. we want unlimited entertainment. so we can stream unlimited action. watch unlimited robots. watch unlimited romance. if you are into that. but we also want more like... unlimited hbo. can i stop dying now mark? no can't do mi amigo. it's unlimited. besides you are really good at it james. don't settle for any unlimited data plan. only the at&t unlimited plus plan comes with hbo included at no extra charge. >> welcome back. the business world certainly has been reacting to president trump's de

power your client's portfolio with powershares.bjectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. welcome to holiday inn! ♪ ♪ whether for big meetings or little getaways, there are always smiles ahead at holiday inn. >>> take a look at the auto stocks this morning. it's the day they report monthly sales. actually some mixed results. ford outperforming gm, annual rate of sales below 17 million it looks like, but the stocks bouncing pretty much across the board. they have been bad underperformers here to date. ford up 3% and gm up 2%. it seems like rotating into the laggard stocks tone the consumer and industrial area, even though the sales numbers have not been so great. "squawk on the street" back right after this. i joined the army in july of '98. our 18 year old was in an accident. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt

power your client's portfolio with powershares.investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> welcome back. time for a cnbc news update with sue. >> hi, bill. this is what's happening this hour, everyone. french police shot and wounded a man who shouted, this is for syria, before attacking a policeman with a hammer outside the notre dame cathedral. it's being investigated as a terrorist attack. clips of the wounded suspect lying in the street were posted on social media. homeland security says the legal battle delaying implementation of president trump's self-proclaimed travel ban is harming american's security telling a senate committee the executive order has nothing to do with race other religion. >>> update to a story we first brought you two years ago. prosecutors probing sales of an opioid drug says a manager trying to fraud insurers will plead guilty as part of

power your client's portfolio with powershares.sider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. listen up, heart disease.) you too, unnecessary er visits. and hey, unmanaged depression, don't get too comfortable. we're talking to you, cost inefficiencies and data without insights. and fragmented care- stop getting in the way of patient recovery and pay attention. every single one of you is on our list. for those who won't rest until the world is healthier, neither will we. optum. how well gets done. >>> the tech sell-off goes global after apple's rotten day. what it means for valuations and will it continue ♪ when i'm not with you, i'm no me ♪ ♪ nothing ever feels good ♪ when i'm not with you >>> after a tough couple of days for fang stocks all of those components up about 1.5%, some back dove the 50-day like netflix. >> we don't understand

power your client's portfolio with powershares. consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. the so[ gags ]e day. i love the combination of gummy bears and meat. it's payback time gru. bratt has the girls. [ shouting ] ♪ so bad ♪ so good that i'm so bad... ♪ momma's coming girls. [ minions yelling ] hey. are you okay? [ minion babble ] despicable me 3. rated pg. >>> art cashin stepped by a moment ago saying there was an imbalance on the sell side of 500 million. >> we're very proud of that animation. >> there he is, is the studley arthur cashin. don't mess with him. >> sometimes he smiles he's not that scary looking. >> i think we've seen the effects of this -- already the imbalance on the sell side the dow was down about 60 points a moment ago that the low for the session right there. we've just bounced off that. fedex will announce

power your client's portfolio with powershares.es and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. >>> time now for a cnbc news update with sue herera. >> a still developing story in new york city. police say at least five people have been shot at bronx lebanon hospital in new york in addition to the five victims, police say the shooter is dead he is a former employee of the hospital, identified as henry michael bellow, aged 45. it appears to be a workplace incident shlg not related to terrorism. >>> oklahoma's attorney general is suing more than a dozen makers of opioid pain medications accusing the pharmaceutical companies of defective marketing campaigns. he says thousands of people have died and taxpayers have spent millions of dollars on unnecessary opioid prescriptions. >>> paul mccartney has reached a confidential settlement against sony atv publishing in which he sought to retain copyright to songs of the booettles. >>> on a lighter a

power your client's portfolio with powershares.g, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. ♪ predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. >>> you're watching cnbc "squawk on the street" live from the financial capital of the world opening bell in 1:30 talked about oil a moment ago, jim. today the saudis make news as they oust the crown prince the deputy crown prince, crown prince oustinghis cousin which basically means the country is barrelling ahead of this plan to reduce r

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power your client's portfolio with powershares.efore investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake. our hearts racing as one. i know this is sudden, but they say...if you love something set it free. see you around, giulia >>> welcome back, president trump in miami today rolling back some of president obama's opening of relations with cuba michelle caruso-cabrera is in the little havana section of cuba with the latest michelle >> reporter: we're here because that's where he made the speech, kelly, full of anti-castro rhetoric, promising a largely cuban-american audience his policy to cuba would be very different than president obama's. >> we will very strongly restrict american do

power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. containing this information. read it carefully. you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices. our 18 year old wase army in an accident.'98. when i call usaa it was that voice asking me, "is your daughter ok?" that's where i felt relief. we're the rivera family, and we will be with usaa for life. >>> welcome back strong day here on wall street, the dow opening higher it's now up 120 points more than half a percent a