i'm sara eisen here with wilfred frost.for some top friending sto trending stories "dancing with the stars" wants to waltz with sean spicer. the dance show has reached out to spicer about joining. rick perry competed last year. he's the current energy secretary. he was voted off in the second week do you think he'll do it >> the bigger thing is the story reported that he had endless meetings with all the broadcaster s over the last several days >> that's different. that could be about being a contributorment. >> i'm surprised about that. for someone criticized for his role and had a short tenure, i'm amazed at the interest good for him i hope he makes the most of it, whether it's dancing or -- >> what about anthony scaramucci say when he left i hope he makes a lot of money. >>> canadian prime minister justin trudeau gracing the cover of "rolling stone" magazine. the feature discusses his relationship with trump as well as lighter subjects like his love of snowboarding he has a big fan base. "rolling stone" magazine part of

sara eisen will join us momentarily.e begin with the late breaking news out of washington senate republicans failing to repeal obamacare in a dramatic late-night vote on capitol hill. three republican senators broke ranks with the party and voted against the repeal the gop could only afford to lose two votes mitch mcconnell conceding defeat after the bill failed. >> so, yes, this is a disappointment a disappointment indeed. our friends over in the house, we thank them as well. i regret our efforts were simply not enough this time >> we also heard from president trump. he tweeted three republicans and 48 democrats let the american people down. as i said from the beginning, let obamacare implode then deal. watch. let's get reaction from cnbc's john harwood good morning to you. this happening hours ago gauge for us how big a surprise the defeat was give than this was such a reduced repeal bill >> very big surprise just a couple days ago, john mccain had returned from arizona where he had surgery after being diagnosed with b

i'm sara eisen here with wilfred frost.must-read stories catching our attention in the papers actually on projectsyndicate.com, titled "the new abnormal in monetary policy" by nouriel roubini, often known as dr. doom. it looked at the choices that the fed and other central bankers will have in the event of a downturn, or god forbid, another recession, given how extraordinary the policy is right now. yes, the fed is tightening, but only a little bit, and the ecb and the boe and the boj, they're still in super easy mode and so, what he concludes when he goes through the options is either raising the inflation target, pumping more qe, or going to negative interest rates. roubini says the choices they will make will depend on how they weigh the risks of bloating their balance sheets, imposing costs on banks and consumers, pursuing possibly unattainable inflation targets and hurting debtors and producers at home. i.e., there will be no good options and there will be costs and consequences to all of the options because of how far

i'm sara eisen time for some must-read stories.pick in the ft, focus on the g20 summit will be wrongly directed it comes from mohammed el-erian. rather than help in mastering and shaping the challenges of our age, the greatest interest will be in how individual political personalities interact in a world struggling to muster enough enthusiasm for the collective action needed to address shared problems. he dives into the g0 concept that ian bremer has repeatedly talked about that there's little leadership in the community of g20 to get the problems done with donald trump's america first policies he says germany doesn't have it. japan is not in the right position china has not embraced the smaller responsibilities as a global leader. it's worth a read. >> it's a consistent theme from mohamed. he thinks there has to be a coordinated fiscal reform. >> this is what the imf continues to -- christine lagarde puts these she put out a blog post yesterday, they need to tackle productivity, fiscal and monetary cord anything that. it seems lik

i'm wilfred frost. >> i'm courtney reagan in for sara eisen it's throwback thursday.g you back with the women of country music this is reba my favorite interview of all time after i interviewed her, she walked out and i cried >> you held it together until the end. you can hear us on the radio, too. sirius xm 112, i think >> very fancy. let's check on the global markets this morning look at futures. slightly higher when we started the show following on yesterday's record closes for all three major indices, including the russell 20 2000, slightly higher, only marginally before the market opens in about four hours. the dow jones indicated higher by 22 points the nasdaq higher by 4 in this case by pure point standards and otherwise dow jones average would be indicated higher than the nasdaq if we can look at the ten-year note sitting firm around 1.2.26 this as the healthcare debate rages on in washington as wilfred says, bang-on unchanged. >> really bang-on. >> 0.00. >> 2.26 it moved 2.27 >>> the bank of japan left rates unchanged. that has seen reaction in the yen down a

i'm sara eisen here with dom chu.r our must-read stories my pick is in the "the financial times" titled an eu japan pact shows how free trade strides on. a closer look at discussions which could culminate this week between europe and japan to ink a free trade deal. the fta will stand as a powerful rejection of donald trump's protectionist posture, just as the u.s. president arrives in germany for the summit it will also highlight the challenges facing britain, a hard brexit would leave uk companies in some seshgts worse on trade terms with their neighbor europe than japanese competitors halfway around the world it's the more protectionist stances of brexit and trump, they're saying it's thriving, it's moving on if they can get this deal done, it will make a strong statement. >>> and you have germany and china, two big trading partners independent of each over and the u.s. trying to get together and talk about their trade deals there's a lot of stuff happening on the sidelines not just the forefront of the g20. >> it's

. >>> i'm sara eisen >> and i'm wilfred a warm welcome back to you >> it's good to be back. so what did i miss euro at a two year high. anthony scaramucci briefing the press, that was interesting. >> there has been so much. there was a time you used to think it could hit parity. 17% precisely. >> yeah, i thought that a little bit. >> bad timing for your trip. >> but earnings have been pretty strong and the stock market is yet again at a record high let's check in on global markets. equity futures following a worldwide rally on the back of strength in the u.s. strong commodities the move in copper yesterday pretty nice. dow futures up 21 points s&p futures up 2 and nasdaq futures up 5 oil moving higher. take a look at the price of crude. wti 48.30. brent crosses over 50. 50.52. and even nat gas >> asian equities mostly positive this morning as you can see. a little bit of red in south korea, but elsewhere a decent enough gains most of the markets. european trade up over half a percent yesterday and yet again today. you've got france up 0.6%, it has been a decent week for euro

. >> i'm seema mody in for sara eisen. >> it feels like it's a thursday, but it's not >> tuesday >> excitingews afrnlgts lot happeni a lot happening. >>> let look at markets this morning. that breaking news overnight senate republicans pulling their healthcare bill after failing to secure enough votes to pass it let's get straight to nbc's chris pollone in washington with all the details. >> reporter: good morning. you want to talk about timing. last night president trump had about eight members of congress over to the white house for dinner trying to get their support for the senate's plan to repeal and replace obamacare just as that dinner was breaking up, two senators from the republican party tweeted that they were opposed to the current bill in effect killing it. those two were senator mike lee of utah and senator jerry moran of kansas. senator moran issued a statement describing why he opposed the bill saying the closed door process yielded the bcra, which fails to repeal the affordable care act or address healthcare's rising costs with the loss of those two votes, senate majority lead

i'm courtney reagan in for sara eisen. >> i'm dominic chu in for wilfred frost. >> we have taylor swift to start us off >> you're along for the ride it will be a fantastic day let's check what's happening with the markets we are seeing at least a little bit of perhaps recovery maybe some stability there in some way. the s&p futures indicated to open up by two points. the dow jones average down by 1 point right now. the nasdaq again showing signs of gains we were working on eight straight days. we got that yesterday. so now we'll see if we can build on some of those record highs for the major indices. the ten-year, we are seeing movement there we have seen a little bit of a trend higher eventually. now you can see 2.27 the last trade there. that down trend in yields for the past week or two is now at least showing a little bit of stabilization. we'll see if that stays the case as well. also on the corporate side of things, shares of ibm under pressure the company reporting its 21st consecutive quarter of declining revenues the tech giant says revenues came in at 1

. >> i'm seema mody in for sara eisen. happy friday >> thank you same to you.ame to all of our viewers straight to the global market picture. the nasdaq managed to eke out a tenth straight gain yesterday. indeed hit another record close, albeit a fractional gain we saw a fractional loss from the s&p, around a tenth of a percent of a loss for the dow. a flat session all in all yesterday. 7 out of 11 sectors were negative this morning we are called higher by about 25 points for the dow. so again, just a small set of movement in the premarket. ten-year treasury note continued to slip over the course of the week last friday closed at 2.32 much closer to 2.2 now around 2.24% the yield on the ten year at the close yesterday. >> two central bank policy meetings that global markets responded to one is the bank of japan keeping rates unchanged but cutting the inflation forecast in europe here on friday markets relatively lower in asia, the nikkei down 0.2%. still holding on to 20,000, a key psychological level that traders keep a close eye on. hang seng bricking the nin

i am wilfred frost with sara eisen. us, founder and head of research at clear nom imcompetents good morning to you. the story was pick up and yields come away from that a little today. either way yields are significantly higher what are you expecting from janet yellen's testimony, will that change that trend of the yield. >>. >> i think last week showed there is strength in the economy, its validation and not just strength of economy but corporate health and financial stability. we expect yields to continue to rise, if the fed continues to raise rates, expect the ten year to get above 3% in 12 months you may have quite a yield curve, you will see higher rates on that curve. this should be positive for equities across the board. this is val indicatiidation thag we have seen is real and should continue for some time. >> doesn't appear to be taken as positive for equities, in the last few weeks we have seen significant volatility for what weech opinion. >> the vix has kind of lost some of that luster you're seeing moves in

. >> i'm morgan brennan in for sara eisen it's new music friday, we're getting your weekend started with brand-new song by zed and liam payne called get low. what do you think? >> i kind of like it it's firing me up for jobs friday also makes me feel like i'm in a club on a saturday night >> i hear get low, i'm thinking lil john >> and the east side boys for sure let's check the global markets there is some stuff going on ahead of this big jobs friday. if you look at the u.s. equities picture, it's generally flat, maybe to be expected after a down day yesterday things are holding steady ahead of that 8:30 a.m. eastern time jobs report. you can see the implied open for the dow, just about one point. the s&p about two points nasdaq up by about five. as we look at the ten-year treasury note yield, a key focus for traders and investors over the past week or two, given the bank stock run, global rates all over the place, right now a slight tick higher in yields 3.27%. following global rates higher, but there are some forces at play here elsewhere around the world. we'll get to those parts in

i'm sara eisen in today for kelly evans.ll be back in just a moment let's take a look at how we're finishing up the day and the month on wall street as bill just mentioned, the dow going out with another record closing high, up .3% boeing again was the big winner, and that propelled the dow into yet more record territory. the s&p and the nasdaq both fell the nasdaq got hit by .3-4-% stocks just wrapped up their best month since back in february the russell 2000 closing lower by a third of a percent as well. a white house press briefing is set to start any minute. we'll take it to you live as soon as it beginning, and this comes just after a major staff shake-up in washington just over an hour ago anthony scaramucci out as the white house communications director. we'll bring you the white house details on all of it coming up join today's panel, cnbc market commentator michael santoli, paul hickey of the spoke investment group and also weighing in here on the talk of the hour, we want to welcome in ken duberstein is with us, f

i'm sara eisen in today for kelly evans. bill will be rejoining us in just a moment.ook at how we're finish willing the day up and the week. it was a shortened holiday trading week, and we go out on a positive know. the s&p 500 closing up .6 of 1%. the dow jones industrial average up .1. it was really technology that was the standout sector today. that helped the nasdaq gain a percent. the russell 2000 index of small caps also finishing higher by 1% and besides tech it was consumer discretionary and industrials and real estate that did the best samsung and apple may be competitors in the cell phone space with apple wing the market share there, but the tech giant, we're talking apple, is giving samsung a major boost in profit. we'll have the details of that story coming cup, and -- and we are monitoring the clashes this hour between protests and police in hamburg, germany, right near the site of today's g-20 meeting. we'll bring you the very latest from the scene coming up joining us to talk markets on the panel, cnbc market commentator mike santoli and courtney gibson

rock and roll ♪ >>> good thursday morning, welcome to "squawk alley," i'll carl quintinilla with sara eisenhn fon fortt joins us crude inventories, let's send it back to jackie. >> carl, you can see prices are spiking on this report it definitely was bullish, what i have is a crude drawdown of 6.3 million barrels, a gasoline drawdown of 3.7 million. these are more in line with the seasonal trends, more in line with what we heard from the api last night that makes sense, you have demand coming from summer driving, fourth of july, holiday weekend as well. i dug into that report, production did go up that 100,000 barrels we lost last week, we gained it back this week. i'm not sure how people are going to interpret that. i'm assuming it's probably going to be a bearish sign mixed in here we were trading 4575 before the report came out, 4624 now. back over to you. >> all right, we're watching crude along with that, jackie, thank you very much. >>> meanwhile, the president arriving in germany earlier this morning ahead of the bilateral talks with chancellor angela merkel, china's xi jinping and r

with me here at post nine sara eisen, mike santelli, carl quintanilla has the day off. >>> we start withe day. the annual holiday made by amazon set to kick off tonight at 9:00 p.m. eastern with deals aimed at rewarding prime members and, of course, recruiting new members to the premium option. just how important is prime to amazon always tricky to get the numbers. deadria is at amazon hq with some details good morning, deadria. >> good morning. that's right we're in the heart of amazon's rapidly expanding campus where employees are getting to work gearing up for the big ta. as you know amazon does not disclose the number of prime subscribers but estimates put it between 65 million and 85 million subscribers in the u.s put that in perspective that would be nearly 70% of all u.s. households and puts it on pace to become more popular than cable tv that has been very good business for amazon a recent study found that prime customers spend nearly double what non-prime customers spend and shop more often too. the reason most people still sign up the fast delivery of products there are a dizzy

and "squawk alley" is live ♪ ♪ >>> good wednesday morning i'm carl quintanilla with jon fortt and sara eisenhave jason calacanis with his new book entitled "angel." nasdaq hits another record high. we're trying for back-to-back days of record gains index is coming off the 43rd record close of the year one standout is going to be amd soaring after beating estimates in the recent quarter issuing strong guidance. that stock is on track for the best day since june 21st the best day in weeks here after an amazing run already. >> yeah. first of all, thank you for having me. from what you have seen so far, i think 20% of the s&p is already seeing strong numbers out there. from the internet point of view what we're seeing, which is very strong demand that continues secular shifts, offline advertising coming online, you saw that in google's numbers they are expecting that in facebook's numbers it is strong numbers from advertising driving the demand. >> this is what we call jason, the sweet spot of the secular trends we have been talking about for most years >> i think it is fine to summarize it as y

i'm carl quint knanilla along w sara eisen >> technology is one of the leader sectors and president donaldrump is on his way to meet with g20 leaders in germany later this week, including the one-on-one with russian president vladimir putin all this amid growing concerns over north korea's growing tension. that escalated over the weekend. joining us to discuss is john rutland, and math chthew mcgwir former director at the world bank welcome to you both. thank you for joining us >> good morning. >> john, your expertise is china. you have studied china for a long time. we have been trying to dissect the tweet this morning, trades between north korea and china grew over 40% in the first quarter. so much for china working with us, but we had to give it a try. that was from president trump as he embarked on this journey. what is the prospect of a risk factor for investors escalating tensions between china and the u.s. the two biggest economic superpowers right now? >> they look like they are going that way it's in the interest of the chinese leaders, it's not the interest of the chinese leaders

. >>> let's bring in cnbc's sara eisen at the new york stock exchange.re friday was a major shift for tax poli policy. explain. >> we did get some progress on the tax reform front. a group of negotiators from congress and from the administration put out a statement five paragraphs long, sort of a set of guiding principles for how they want to attack tax reform. it does include treasury secretary steve mnuchin, gary koep of the white house, senate leader mcconnell and house speaker ryan among the leaders. light on details, light on specifics. for instance, didn't get into numbers as far as how far they want to lower the individual rate or the business rate. the most notable part of this statement was the fact that it killed off the border adjustment tax. this was an idea being floated around to tax businesses on imports and subsidize exports. retailers put up a big protest because they'd have the shoulder all the costs. nothing is made in this country so they'd have to buy the shoes and the bags overseas. that is no longer going to happen. speaker ryan wa

sara eisen has the numbers 10 cents above on earnings, i see, sara. >> sure looks like a big beat..50, versus the $1.40 expected it includes a 6-cent gain from a sale, but it's an estimate, so it's unclear whether that factored into the analyst forecast, but either way, a beat on the profit line, a beat on revenues as well for pepsico, $15.7 billion. the estimate was $15.6 billion so, pepsico sees 2% revenue growth overall foreign exchange is still a big headwind for this company. that strong dollar cuts into sales, shaved about 1.5% off of that topline number. but overall, 6% profit growth is something that many packaged food companies would be very enviable of right now. organic revenue growth, which is always a good way to strip out the extras like foreign exchange and show what's going on with the business, did come in at 3%, and that continues to also be above the rest of the industry, and it was also better than analysts expected. frito-lay is the big driver here the chips and the snacks division showing 3% organic revenue growth, versus 1% for the beverage part of the busine

sara eisen has the morning off strength in mcdonald's and caterpillar. weakness in 3m and utx we'll watch that, along with oil, up 2%. >> our road map begins with that earning blitz, caterpillar, gm and dupont, among the earnings this morning we'll dive deep into their quarters and show you what to expect in the second half of the year. >> we'll talk to former mcdonald's ceo ramsay about what's happening in fast food. >> and musk versus zuckerberg on artificial intelligence. we'll tell you about that. >>> first let's get to rick santelli rick >> exuding with consumer confidence here. 121 handle 121.1. why is this so exciting to me? the read in march was the best since christmas 2000 i can't find anything in between. so this is the second best number basically since 2000. we did see a bit of a downgrade. last look, the june number of 118.9, now 117.3 but that's some pretty big horsepower richmond fed doubled expectations, looking for seven, ended up with 14 unlike consumer confidence, richmond fed has had higher numbers this year at 20 in april, 22 in mar

i'm sara eisen here for kelly evans at the new york stock exchange. >> welcome back. >> thank you. >>iffeth trade retaliation. the g-20 getting hostile as eu leaders warn that their mood on trade is getting what they called increasingly combative against the united states. we'll talk about which areas

. ♪ >>> live at the stock exchange i'm sara eisen with david faber. carl quintanilla is off.re than a tenth of a percent. financials are getting hit health care is doing well. nasdaq going positive. we'll see if that outperformance holds. we saw that in yesterday's session as well. crude oil helping the mood up 44.48. >>> possible watchdog on the block. president trump nominating a new banking regulator at the fed who is he and what will it mean for wall street? >> plus, in case you haven't heard, it's prime day. deals and steals look inside july sales holiday and what it means for the e-commerce giant. >> snap sinking ipo price since going public they're not alone. we look at that straight ahead >>> first, economic data let's get to rick santelli for those numbers. rick >> yes on the may final wholesale trade number down .5 the weakest percentage month over month in one year since last july when it was down six tenths wholesale industry side. it's the best number since december of last year when it was up .8. remember, we do have, i believe, july 28th our first look at secon

. >> thank you >>> the battle for procter & gamble is heating up sara eisen has this story. >> both sidesthe company and its investor digging in and speaking out today i spoke with p & g's ceo fresh off the conference call, a report that beat the street and showed signs of progress taylor told me it's evidence he's got the right plan and the right portfolio to get back growth but investor nelson peltz is upping the pressure his firm owns $3 billion worth of p & g stock, trian saying "over the past ten years, p & g's total return is less than half of its peers, we believe p&g needs to address the root causes of this consistent underperformance" which he goes on to say market share and declining costs and calls it a bureaucracy. david taylor tells me he respects peltz and will listen to him as a shareholder but "there's nothing incremental peltz has offered. i want to prevent anything from derailing the work we're doing the fact he has good advice doesn't mean we can add him to the board. when i pressed taylor on why not pay or wi taylor said peltz brings a group with him and to bring a sha

i'm carl quintanilla with sara eisen and david faber.n to start the first full day of the second half of the year dow is down 38 points. we're watching that closely. geopolitics to watch as well. >> that is where our road map begins for the hour. markets kicking off the first full trading day of the second half of the year in the green. shrugging off geopolitics as north korea launches its first sbo intercontinental ballistic missile. >> president trump leading for the g-20 summit. what's on the agenda. >> volvo going all-in on electric the details on the automaker's plans straight ahead. >> economic data coming our way. let's get to rick santelli rick >> doesn't it feel like a monday but it isn't here's all of the data points that you really want to be paying attention to. factory orders for the month of may expected down half a percent, down a bit more, 0.8% and lost a 10 from minus 0.2 to min minus 0.3. may final all the may reads tossed out, mid-month reads on michigan down 0.8% as well. that's close to expectations and the last time

. >> so let me -- i'm going to bring in bill grist and sara eisen as we turn 3:00 here on cnbc with thising news about the ouster of anthony scaramucci, the recently appointed director of communications for the white house. pat buchanan, john harwood said that maybe general kelly's biggest challenge is the president himself. do you agree with that, and if you do, how does general kelly manage up? >> well, i think that that's a job for the general himself. i don't think he's dealt with anyone quite like donald trump

i'm sara eisen here with david faber and mike santoli on the new york stock exchange.l has the day off let's look where we are in the markets. starting off the week a little bit lower. the futures indicated we were going to build on friday's gains for stocks tenth of a percent, watching crude oil also lower, 44.17, fractional moves in this early action, david. >> yes, so far let's get to our road map this morning. starting with a packed week for wall street. janet yellen's testimony on capitol hill, and we'll have the start of earnings season, so what should you be keeping an eye on straight ahead. >> and washington in focus president trump arriving home from the g20 meetings in germany and congress comes back to work. we'll get a live report from the nation's capital >> plus amazon gearing up for it biggest sales day of the year. the details on prime day straight ahead >> as we noted, markets down this morning following a strong holiday shortened week with the president back in the country following the g20 summit the dow hoping to get in the green following its fifth

. >> all right let's get over to sara eisen she has trion's response to p & g. >> just crossing, theyof procter & gamble, says over the past ten years p & g's total return to shareholders is less than half of its peers and it has been in the bottom quartile. they think they need to investigate the root causes of in consistent underperformance they do say while p & g says it's addressing the underperformance issue, shareholders have heard similar promises in the past and results have not materially improved trian believes p & g can be a best in class performer but must take decisive action that goes above and beyond what it has announced, including changing its complex organizational structure and slow moving and insular culture. it goes on to talk about why nelson peltz would be a good addition to the proctor & gamble board which currently has 11 directors. he has been involved with numerous successful turn-arounds of consumer brands and businesses adding him to the p & g board will help p & g become best in class. they go on actually to attach a screen shot of the outperformance, acc