former vice chair roger ferguson will join us next. >>> good morning welcome back to "squawk box" liverom the nasdaq market site in times square. ahead of the trading session, apple numbers after the bell nasdaq is indicated higher by 35.5 >>> td bank and horizon ended the merge r deal the deal has been called off over regulatory approves unable to be opbtained. horizon is down 34%. >>> and the vaccine maker reporting a quarterly profit and revenue exceeding forecasts from moderna. the ceo will join us in the next hour to talk about the quarter and launch of the rsv vaccine for older adults i was trying to figure -- i want to know how sales compared to a year ago, obviously. pfizer, yesterday, were actually backing out the vaccine and paxlovid results to show 5% gain if you back that out of revenue. if you leave it in, it is down one-third. the comps are impossible the pandemic is over you wouldn't know it around here with people still wearing masks outside. i don't get it >> they may be coming off the subway. >> i know. is that how we will be in case there is a cold around i need to w

this morning >>> how another bank failure factors into this week's fed decision former fed chair roger ferguson will join us it is monday, may 1st, 2023. "squawk box" begins right now. >>> good morning welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. here we go it is monday, may 1st. u.s. equities are a mixed picture. dow futures up 20 points s&p futures up fractionally. nasdaq off 3.5 points. last week was an up week for all three. here is where we stand for the year dow so far up 2.9% s&p is up 8.6%. big winner is nasdaq which is up 8% >>> big news in the banking sector and we will tell you tha in a moment. the 10-year treasury at 3.46 crypto is down 2.8% for bitcoin. andrew, banking is the big news. >>> jpmorgan chase taking first republic it is a big deal it is the end, hopefully, of what has been a crisis of confidence in the banking sector jpmorgan chase assuming the deposits and assets from the company. i want to get over to leslie picker who has been working all weekend on this stor

. >>> and coming up, roger ferguson will join us if he expects the fed to pause or hike at the next meeting> as we head to break, here is a look at the s&p 500 win witwither -- winners and losers >> announcer: winners and losers is sponsored by state street global advisers. ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ - [soldier] take a look at this! ♪ - they've left us a gift. - [soldier] i think we misjudged them. - i love horses. (birds chirping) - [soldier] we should open the gate. - let's see what charlotte thinks. - [narrator] at crowdstrike, we monitor trillions of cyber events to detect threats and prevent breaches before they happen to keep your business from becoming history. we stop cyberattacks. we stop breaches. we stop a lot of bad things from happening. crowdstrike. protection that powers you. he snores like an angry rhino you've never heard an angry rhino baby i hear one every night... every night. okay. i'll work on that. save 50% on the sleep numbe

at fed number one, then frank paulson at treasury think of advice chairs yellen annan blinder roger ferguson very accomplished people the selection process has gone very political, woke style, and when i talked to institutional investors what had to happen, here to have this position vice chair was so political behind scenes, where one person was getting rejected, for political reasons, and at the end of the day we end up with, you know, the most una qualified candidate probably to sit in vice chair seat in probably all times. they blew it on interest rates we know that blew it on stress tests she what anyone experienced vice chairman means for what they do for the next crises larry, unbelievable thanks very much for insights on all that always a pleasure larry thanks. >> thanks maria. maria: larry mcdonald, much more ahead state government, across the country cracking down, on transitioning american energy madison alworth live from new york city gas station with more madison. >> maria, they have done it new york banning gas stoves in new buildings is this transition to evs to being electric

you heard powell say he doesn't foresee cuts yesterday's hike, scott, as you know, we've had roger ferguson on this morning, another person who typically is someone who supports what the fed discuss, think that yesterday was a wrong-footed move. >> he doesn't think they should have moved listen to what he said. >> people are pulling money out because there's absolutely no reason to keep their money in. you can get higher interest rates thanks to the fed. you can get bills at 5.2% for a couple months. you know, the two-year treasury has fallen over 100 basis points in the aftermath of these bank failuri failures it seems to me that deposits will keep drifting out >> jason, did the fed make a mistake? was it one too many? >> i think for me, as i look back from a year ago, 500 plus basis points over ayear, i think it's been about the pace in hikes this is tremendous, the fastest in 40 years. that is concerning i'm of the view that it's -- they didn't need to make that last hike yesterday. i hope this is the last one. i i hope they don't move ahead in june all the lag effects we're starting to

this morning >>> how another bank failure factors into this week's fed decision former fed chair roger fergusong welcome to "squawk box" here on cnbc we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. here we go it is monday, may 1st. u.s. equities are a mixed picture. dow futures up 20 points

. >> and we'll talk to fed vice chair roger ferguson on the odds of a june hike, as they go up,

ferguson and roger said they called police.ecause the incident they felt was a part of a string of robberies at that location. lululemon denies the two women were fired for calling the police, but following the suspects may have played a part in their terminations. we did get an opportunity to take out the lululemon employee handbook and it does say that company has a zero-tolerance policy for chasing or physically engaging with the suspect during a robbery. a spokesperson for the company telling fox news' "the safety and security of our employees and cast as always lululemon's top priority and we have policies and protocols in place to uphold a safe environment. another policy, jon, is that employees called 911 after a robbery suspect leaves the store the employees appear to have done that. they are the ones, unfortunately, looking for new jobs. >> luckily, there are a lot of good jobs out there. charles watson live in atlanta. thank you. two more horses euthanized at churchill downs racecourse this weekend. twelve horses in r

ferguson and rogers say they called police because the incident was part of a string of robberies aton denied the two women were fired for calling the police but following the suspect's may have played a part in their terminations, mike. we looked at the lululemon says the company has zero tolerance policy for chasing or physically engaging with the suspect during a robbery. a spokesperson for lululemon tells fox news that safety and security of employees and guests is always lululemon's top priority and we have policies and protocols in place to uphold a safe environment. now i do also want to mention that lululemon's policies for employees is also to call 9-1-1 after, you know, a guest leaves the store after a robbery or a theft. two tri-- the two ladies did in. now they are looking for a job. mike: interesting story. charles watson, thanks. americans marking unofficial start of summer with backyard cookouts. with much more on how much all that is costing i'm joined by madison venture's plus managing director mitch roschelle. mitch, welcome. mitch: happy early beginning of summer.

they did not physically stop instead ferguson and roger said they called police because the incident was part of a string of robberies at that particular location. lululemon denies the two women were fired for calling police. following the suspects may have played a part in their termination. we looked at lululemon employee handbook and it says the company has a zero tolerance policy for chasing or physically engaging with a suspect during a robbery. a spokesperson for lululemon tells fox news in part in a statement quote for safety and security of our employees and guests is always lululemon's top priority. we have policies and protocols in place to uphold a safe environment. i do want to point out lululemon's policy does also require employees to call him 911. the ladies employees at the start did just that. but now they are looking for new job. bill: potential have a job for what appears to do the right things for charles watson thank you for that report. arthel: it does not make sense for the family of jordan reportedly file a wrongful death suit against the man who put in a dead

. >> instantly to now former employees identified as rachel rogers and jennifer ferguson say they recorded the incident and in the video you can see three masked individuals come into the lululemon store. they appear to take terms grabbing handfuls of clothing while the two women yell at them to get out. the mass could then do eventually even runaways the lululemon employees also exit the store to continue filming. they do not appear to physically stop the individuals. said ferguson and rogers say they called the police because the incident was part of a string of robberies at that particular location. note lululemon denies the two women were fired for calling the police alone. following the suspects may have played a part in their termination. we looked at the lululemon employee handbook and it says the company has a zero tolerance policy for chasing or physically engaging with the suspect or a robbery. a spokesperson for lululemon tells fox news and part of the statement quote the safety and security of our employees and guests is always lululemon's top priority. protocols in place to up

. >> reporter: ferguson and rogers say their actions led to their termination for vague reasoning. >>store and reaching out to lululemon's corporate offices and did not hear back. both women now adjusting to their new lives after the april incident. >> that was my sole income so i did have to like file for unemployment and use all of my savings to pay for, like, my car payment. >> it put us in a bit of a bind. my husband is self-employed so we're trying to figure out insurance. >> reporter: steven romo, nbc news. >>> so a lot of people are confused by that policy. that a retail trade association we spoke to the general counsel of told us that it's not completely out of the ordinary for a company to have this type of policy for shoplifting, saying that some places want their employees to be completely passive for shoplifting and not do anything to intervene. of course, that changes if those employees are in danger. >> steven, thank you. >>> coming up how a lack of physical affection could be affecting your mental health. >>> first time for today's daily snapshot. members of the 3rd u.s

instead ferguson and rogers say they called police because the incident appeared to be a part of a stringies at that particular location. now lulu lemon denies the two women were fired for calling the police but following the suspects may have played a part in their terminations. we looked at the lululemon employee handbook, and it says the company has a zero tolerance policy for chasing or physically engaging with the suspect during a robbery, a spokesperson for the company tells fox news and part of the statement. quote the safety and security of our employees and guests is always lululemon's top priority, and we have policies and protocols in place to uphold a safe environment. another company policy is that employees called police after a robbery suspect leaves the store the employees in this case did just that, and police did actually catch up with the suspects, charging all three of them with robbery. but for now, the two employees are still without a job. and atlanta charles watson. fox news honoring lives lost coming up the san francisco service that paid tribute to fallen militar

. >> joey: jennifer ferguson and richard rogers were at an an ally and a little lemon when masked out> no. no. no. no. no. >> no. no. >> seriously. get out. get out. get out. >> joey: if i sold overpriced [indistinct] i would say they are dream employees. lululemon thought differently. they just fired them up early management site of this zero-tolerance policy. zero-tolerance for what? reporting crime not participating in it? i mean, we know left-wing prosecutors have stopped holding criminals accountable. apparently corporate america feels the same way. no bother fighting crime. letter kernels win. fox & friends we can host joins us now. will, i know that we are not going to litigate this. we're not going to solve lululemon's problems. american society, is this what we accept as normal behavior? >> in chrisley so. by the way, great to see you. a great job tonight. it is increasingly so. sadly this is what we expect from an american behavior that we have this incentivize the idea that america should stand up for themselves. for each other. you know, we have a vacuum of accountability,

why the country can't get enough of the five and five million fox news channel, jennifer ferguson and rachel rogers worked at an atlanta lululemon when masked robbers came to the store, they chaseded them out and called the police . >> let's take a look. no, no, no, no. no, no, no.no no, no, seriously. okay, get out. get out, get out. but the other car i sold overpriced vandyke's. i think i would say these aree a two dream employees. they risked their safety to defend the integrity of the store. but lululemon thought differently. they just fired them. apparently, management cited the company's zero tolerance policy . ce for w zero tolerance for what?t reporting crime, not g in participating in it. sto i mean, wepp know left wing prosecutors have stopped holding criminaliminals s accoua apparently, corporate america feels the same way. no other fighting crime. just let the criminals win. will cain is the host of fox and friends weekend. he joins us now. will , listen. i know that we're not going're o to litigate this. we're not got going to solve lululemon problems. but for american societymon's pr