i'm sara eisen >> i'm dominic chu in for wilfred frost this morning sara, i never heard this song before>> that's because it's new music friday this is not new either i don't know >> escalating tensions between the u.s. and north korea remaining front and center for global markets a big selloff on wall street yesterday. it was the worst day for a lot of stocks since back in may. dow futures are pointing higher, perhaps some stability in today's session. this comes after three back-to-back losses for the major averages in what is a pullback officially. dow futures flat s&p down 3.5 nasdaq fought chorutures down 2. the tech sector has been a big winner this year that's receiving some of the biggest moves down >> it maybe makes sense that the stocks that have had the bigger runs higher are selling off the most during the course of the last three days. we made such a big deal that we saw ten straight sessions up for the dow, then it's three in a row. today could be four. as you pointed out, stability now. >>> in asia, saw those losses from wall street spilling over into the continent japan w

everyone, on cnbc, i'm seema mody in from sara eisen. >> and i'm in for wilfred frost.ee seema, a fantastic day, a lot coming up. >> a record high for the dow. take a look at how futures are shaping up here on tuesday morning. a lot of earning to look at, in terms of walt disney, priceline among others here on futures trading mix, dow jones industrials down by 2 points, s&p down by 1 point. a lot of fed seekers coming up we're looking at a ten-year field at 2.6%, so a bit higher >>> economic data out of china overnight, chinese missing expectations, the nikkei off by 0.3% and shanghai up by 0.1%. shaking that data caoming out of china. a bit of a mixed market. they've been hovering between gains and losses the dax in germany, you can't get more flatter the german dax, ftse, in uk, all up by 0.1 of 1% overall. seema, the economic data we'll talk about in just a couple minute but still not having that wailing effect that people thought it was going to have either in asia or europe >> it's interesting, the minors in the uk lower on that underwhelming chinese data we'll get

i am wilfred frost with sara eisen.for the must reads. my pick in "the wall street journal" titled we're holding pyongyang to account penned by james mattis and rex tillerson, definition of a must read they write north korea face as new choice, take a path towards peace, prosperity and national acceptance or continue down belligerence, poverty. the u.s. will remain vigilant against the latter important reminder of the story of the week. the focus taken off it perhaps one of the reasons allowing markets to rally a bit. this firmly worded article from the secretary of defense and state, something well worth a read. >> firmly worded, headline is no fire and fury. let's work toward a diplomatic approach, right? >> it is but very firm and clear on that. i think this can be no further escalation on north korea's point is their message. >> my pick is also from a power duo, power combo, titled business rivals agree on policy. interesting that it is penned by david ab knee, ceo of ups and ceo of fedex getting together, saying we

i'm sara eisen >> i'm wilfred frost very good morning to you from me as well.ice to hear coldplay. >> i'm having some sound issues. thank you for telling me that. >> that's probably while they snuck in a wilfred frost choice band >> you know i wouldn't approve the british band i like coldplay. after a quiet session on wall street yesterday, the dow ended fairly positive. small moves on the major averages this morning notable strength. dow futures up 71 points s&p up 6 1/2, nasdaq futures are up 20 points we'll get the minutes from the last fed meeting today after a batch of data in the u.s. economy yesterday that was pretty decent. as for the ten-year treasury note yield higher yields and a bit of a stronger dollar for a change is what we saw in yesterday's session. 2.28 is the yield on the ten-year watch the yields and the dollar. the dollar near a three-week high that's starting to get the attention of wall street maybe a little pressure relief for some european stocks that have been hit by the stronger euro >> we just had some data internationally. before we

good morning i'm sara eisen here with wilfred frost.r some must-read stories catching our attention my pick is titled the u.s. trade deficit is a good thing. i picked it because it was penned by the virginia republican senator james langford the united states purchases more goods from mexico, mexican workers become wealthier, which means they will be able to purchase more goods from the united states. a growing economy in mexico means that mexican workers have less reason to immigrate illegally into the u.s while u.s. consumers and businesses buying more cheap goods from mexico, it gives us greater purchasing power to buy more things and reinvest in our own economy. he says free, fair trade is a win-win scenario i picked it because it's a republican from oklahoma the white house would probably say they're all for free trade as well, they just want to make it fairer. it dosdoes highlight a split wii the republican party on how tough they want to be with trading partners like mexico >> i liked this piece. you and i debated about whether a

i'm sara eisen >> i'm wilfred frost >> we have a lot to talk about today.et's check in on the global markets after u.s. stocks sort of held on to their gains yesterday. they lost a lot of them. dow futures under pressure this down 3 ten-year treasury note yield is lower than this time yesterday that was after the release of the fed minutes, which pointed to continued discussion about the lack of inflation and whether it was really a need to continue to raise interest rates given low inflation even with low unemployment that debate continues on the fed. the market is interpreting it in a dovish way, yields being pushed lower we'll watch that, they just ticked higher, but still down at 2.23 let's look at asian equities, a bit soft this morning. we're down for hong kongand japan. slightly gains for shanghai and south korea. european markets look a little bit soft, but in the context of the week's performance, nothing major. germany and france coming no today, up 2% ftse 00 100 up about 1.5%. >>> as for the broader market picture, oil prices getting a boost in

i'm dominic chu alongside sara eisen.ight the trump administration is reportedly planning to take aggressive trade action against china people familiar with the matter say the move comes as white house pressures beijing and officials to crack down on intellectual property theft. let's bring in eunice yoon live from beijing this dynamic between the trump administration and chinese officials has been one that has been up and down, a roller coaster to say the least how does this new iteration of news really play into that whole cycle? >> dom, i've been speaking to chinese officials, everyone i've been speaking to has said they're waiting to see whether or not the white house is actually going to carry out any type of trade action and what the details of the action might be because despite all of the tough talk they've seen out of the white house, the chinese have seen no 45% tariff on chinese goods, no border tax, no quota on steel, and where they have seen action out of the trump administration is on certain chinese entitie

i'm sara eisen >> i'm dominic chu in for wilfred frost.eat way to kind of kick things off on a friday, just dance. >> happy jobs day. let's check in on global markets, we're playing it for sean spicer, who won't be dancing sadly. futures indicating a higher start. s&p up 4.5 dow futures up 45. nasdaq futures are up 9 points reversing some declines we saw in yesterday's session for the nasdaq and s&p the russell 2000 index of small caps lower by 1% it's been the dow that's been the stand-out. it's a price-weighted index. closed at an eighth straight high yesterday that would make 32 record closes for 2017 ten-year treasury yield, the bopd m bond market has been stuck around the 2.30 level. we'll see where that goes after jobs look for wages, look for improvement on the sector breakdown when it comes to where the jobs are being added we'll see if treasury yields tick higher on the sign of an ill proving economy. >> we've been waiting for wages for such a long time they've been moving, but there hasn't been anything dramatic. we have not seen

i'm sara eisen >> i'm wilfred frost good morning to you from me as well it's new music friday. we are kicking off with taylor swift's new song >> highly anticipated. >> but not very good >> i can't tell. came out overnight >> i listened to it once upstairs with the team >> what did the team think. >> all disappointed, apart from the number one taylor swift fan, karissa. we'll have to listen to it a few more times >> you'll hear it more on the show it is new music friday >>> first let's get to the big developing story out of the gulf of mexico, hurricane harvey gathering strength the storm a category 2 hurricane. it is expected to make landfall in southeast texas later tonight. harvey is forecast to pack a punch bringing torrential rain, heavy flooding and damaging winds. widespread evacuations have been ordered up and down the texas gulf coast we're seeing a big reaction in the energy markets as harvey takes aim. 1% higher for crude prices right now. same with rbob gasoline, that's where we have seen a move in gas, gas prices. 3% pop there on top of a gain yesterday. >> we have

it is your birthday and sara eisen's birthday. >> bill griffin's as well. >> that's cool what a day,ugust 7th >> she's doing closing bell later with bill. >> wonder if we get cake let's get to the global market action futures pointing higher at this hour another week of gains for the dow. last week up a third percent friday taking it to 1.2% higher for the week nine straight sessions of gains in a row for the dow last week goldman, sachs had the biggest impact, best returning sector in the s&p 500. only had small gains and nasdaq was lower for the week this morning, pointing at slight gains. 23 points for the dow. ten year fresh renote, not much ending at 2.6% 2.27 on the ten year treasury note more on markets in a moment. >>> first, getting reaction from the white house. new economic sanctions against north korea. tracy potts is live with that from washington. >> reporter: good morning. reaction from north korea saying they'll take righteous action against what they think is infringement on their sovereignty, new united nations sanctions. this morning, rex tillerson at this asian co

. ♪ >> good morning, welcome to "worldwide exchange" on cnbc i'm morgan brennan in for sara eisen. >>'m dominic chu in for wilfred frost. let's look at what's happening for the markets. it's a new trading month, futures for now are showing signs of stability the s&p is now improving up by 10 points. it looks like we could start as long as futures trade where they are now going into the opening bell the dow jones up by 124 points the nasdaq up by 35 as well. as for what's happening with the broader markets, check out the oil trade. it's one we've been focusing on for a long time. wti crude above $50 per barrel $50.32 ice brent cruise, that world benchmark, $52.77, up by 0.1%. as for the currency side of things, that may be showing some signs of what's happening elsewhere. the you'euro now is falling aga the dollar 1.182. dollar/yen 110.38. and pound dollar, 1.3237 for right now some higher oil prices despite we're seeing the stronger dollar against some of these currencies. >> looking at asian equities now. it was a mixed session -- excuse me, stock there's were higher. the japanese ni

i'm seema mody in for sara eisen. >> i'm dominic chu in for wilfred frost. we'll have the latest on all of that barcelona action. let's check what's happening with the global markets. we're seeing a reaction to what happened in barcelona and what happened yesterday in u.s. markets. futures pointing to marginally lower opens following on yesterday's big losses the s&p 500 opening up down 3 points if futures stay where they are the dow down about 11 points as for asia, we saw weakness there carry over from the markets. indexes mostly in the red. the nikkei off by a percent. the hang seng off by a percent the shanghai just about flat the kospi is off by 0.1% as for europe, negativity continues there. some major markets there, the dax in germany off by close to a percent. the cac in france off by over a percent as is the ftse 100 in the uk >> travel and leisure the worst performing sector in early trade in europe. >>> a massive manhunt is underway in spain for the terrorist who drove a van into a crowd of pedestrians in the heart of barcelona yesterday early thi

. >> i'm courtney reagan in for sara eisen >> let's get to the market action this morning.his off the back of a day where we saw slight gains for the dow and s&p. fractional decline for the nasdaq that was a better performance than we saw around the rest of the world yesterday. you could frame it as resilient as opposed to lackluster futures pointing nicely higher taking their lead from around the world where it's a risk on mood today nasdaq up about 27 the dow jones up 65. the treasury note, we are back above 2.2% on the ten-year yield. yields just rising a bit equities rising a little bit, too. >> stocks mostly higher around the world. in asia it was a bit more of a mixed picture. we saw the nikkei fall again that makes five straight losing sessions for the nikkei, something that has not happened since april of 2016. marginally lower but it counts as a drop. as you can see, mainland china shares mostly higher for the major sessions all eyes pointing to jackson hole, towards the end of the week where we will hear from janet yellen and mario draghi. somewhat of a holding pa

i'm sara eisen >> i'm wilfred frost we're continuing our iciness from "power lunch.t's warm and loving >> i missed you in the early mornings >> let's check in on the global market picture futures, coming off a decent day yesterday. small gains led up by the nasdaq tech sector, the best performer in the s&p positivity despite negative headlines in the course of the week the dow 45 points higher the s&p 5. nasdaq 15. the real take away, the dow and nasdaq in positive territory for the month of august. the month that's been framed by commentators as being negative, showing signs this market is due a pull back, yet we are positive for those two indices for the month. 8 out of 11 sectors are negative for the month of august, utilities is the best performer, the boring safe haven sector which points to the fact that it's not been a gang buster month. >> not to pick on you too much, the dow is up 0.01%. >> i know. the whole point is this has been a terrible month we are sitting here without too much decline at all. ten-year treasury note, which in the middle of the week fel

. >> i'm seema mody in for sara eisen.head of her first single release in more than three years, we're throwing it back to the best of taylor swift you feel 22? >> i don't i feel 32. but i took one for the team for this throwback >> i'm a fan of hers excited to check on the new album. >> so am i before we look at global markets, let's go to the story that everyone is talking about we have a winner, one lucky t n person in massachusetts is roughly 7 $59 million richer today after hitting the powerball. that's a pretax number the lotto spokesperson saying the winning ticket was sold in watertown outside of boston. it's not clear who bought that lucky ticket, but they are the single biggest lottery winner in u.s. history i have not checked my numbers yet. >> it's important to do that just because there's a winner doesn't mean you don't have some money out there. >> on the way in, i was hopeful i could have won the whole thing until i learned it was bought in boston >> a lot of demand in new york ticket sales in new york toppi

. >> i'm morgan brennan in for sara eisen >> great to have you with us let's get straight to the latestn harvey in a few moments, first a check of global markets. in an extraordinary turnaround. yesterday at this time, we saw dow futures down 150 points, p in the end they ended up 56 points higher. that turnaround coming a half hour after the open in terms of the most pronounced fashion, consumer confidence came in, but the main reason is that that realization that the north korean missile test did not affect things much we got that turnaround and it's continuing today the dow higher by 45 points. the nasdaq by 15 ten-year treasury note fell below 2.1% we're back above 2.1, but the net fall in yields yesterday did weigh on bank stocks >> turning to the rest of the world, that similar dynamic we saw playing out in u.s. equitie yesterday playing out today in the asian markets which closed mostly higher. the nikkei up 0.8% the hang seng, that was up more than 1%. the shanghai composite closing about flat the koz spi up 0.3%. all of these indexes are higher on the week and we're 36 hours ou

don't miss sara eisen's first on cnbc interview with kasper rorsted at 10:00 a.m.n squux squawk on the street. >>> deutsche telekom reporting a profit report that topped wall street forecasts the company reporting to stronger results in the u.s. and europe >>> bmw says profit grew double digits last quarter, this as margins fattened and car sales hit another record thanks to strong sales in china. shares up by a half percent. >>> unicredit posting first half earnings that beat estimates the bank reporting net profits of 1$1.1 billion 3$300 million above expectation. shares up about 4% >>> coming up on "worldwide exchange," we're setting you up for a very busy day ahead in washington like every other day >> and a major medical break through to tell you about. it could be a grame changer for deadly heart condition but is raising ethics first, as we head to break, here is the national weather forecast from bill karins >>> good thursday morning to i excessive heat continues today it will be the peak of the heat wave in areas like portland and seattle. 15 million people

i'm sara eisen >> and i'm mike santoli.'s check the global markets a lot to absorb in the last little while looking at the futures, they were looking for losses at the open and still continue to be to the down side. s&p 500 set to open down perhaps 9 points stocks are still within about 1% of their all-time highs. nasdaq looking like potentially more than a 30 point loss could lead to the down side. also take a look at the south korean yuan after the threatening words by the president to north korea, you see the u.s. dollar gaining. so you have the korean currency reacting to these headlines backing off a little bit stock market did as well >> after a pretty resilient year that has been defined by saber rattling and threats between north korea and the united states this finally got some movement it is heightened rhetoric. always difficult to figure out geopolitical ramifications for the markets, but when you have language like that i guess from the president of the united states, it's just a little jarg. >> when it seems li

i'm sara eisen here for kelly evans at the new york stock exchange. >> i'm bill griffeth i'm still trying to figure out what melange means ty just used it right now. >> happy birth dawe to you. >> happy birthday to us. >> different years, just so you know. >> we can still celebrate together. >> and we are. >> it's deja vu again for the marks. the dow on track to close at a record high for a ninth straight day. we're up 11 points right now and if you're keeping score it would also be the dow's tenth straight game. >> nine records and ten games, and the s&p is in record territory. the russell is not though. >> hand neither is the nasdaq. >> but it is coming back today strong. >> so we are keeping a close eye on all of those and the possibility of more records being set today. >> all of this despite increasing tensions between the united states and north korea after the u.n. imposed new sanctions on the rogue nation. coming up, we've got the latest on north korea's threats and whether they could derail the rally. what it looks like from here. >> yes all that's happening and, of course, the v

i'm sara eisen in today for kelly evans.l street here's how we're finishing up the session. the dow jones industrial average was the show stopper all day long and managed to close at a new record high, though just shy of that 22,000 level big round number for the first time ever. s&p 500 was strong into the close and finished higher by a quarter of a percent and did close just shy of its all-time high the nasdaq compose composite and same with the russell 2,000, apple releases third-quarter results. we'll bring them to you as soon as they cross, including reaction and plenty of analysis. joining us today, cnbc senior markets commentator michael santoli, portfolio manager and portfolio manager at pimco welcome to all of you, as we await these apple results due out in half an hour. a new record for the dow, strength in the s&p. was that driven by f.a.n.g.? we've got a new little leadership group going on. >> it seems like that. it's still grinding its way higher, finding a way. i think of it as that team that doesn't have its

welcome to soil soil i'm here with sara eisen and jon fortt.ning us this morning business insider, editor in chief henry blodgett, and -- >> it's 8:00 a.m. in headquarters, also at facebook, i understand >>> a lot to talk about, guys, first of up, some recent ipos, blue apron under our belts, not so good guidance on the second half, not as good as expected, stock is down over 10% >>> nap reports tonight after the bell we'll talk more about that tonight and after -- tomorrow morning, but for now, what does blue apron say the ceo has talked to us already saying there's room enough for amazon and us in this space. >> yes, but amazon takes a big bite out of it i think the market may be small are. it sounds cool, they bring all the stuff, but it turns out it takes a while to make the stuff, it's not nearly as convenient as premale food, which many options are going out. americans tend to like convenience. it's actually not that convenient so i think a lot of people try the product and say, eh, it's okay, going back to another way of doing it. >> i t

. >> i'm contessa brewer in for sara eisen the jackpot is enough money not to convince me to quit workingbut to make me probably a pain to work with >> i think everyone would be a pain if you knew when they won it and it wasn't you you wouldn't quit working if you got 7$700 million >> it would be fun to go in, yeah what are you going to do, fire me? go ahead >> either way, i think -- enough talk about it that i'm tempted to buy a ticket today. i'll probably do that. >> big spender >> probably lots of tickets. how else can you make money? by investing let's look at futures. they're lower. the nasdaq up 1.3% the s&p and dow up just shy of 1% tech the best sector followed by materials, and 1 out of 11 s&p sectors lower, that was real estate taking profit after yesterday's gains. the dow down by 17 points. ten-year treasury note yields have ticked up above 2.2% in and around that level 2.22 this morning. >>> president trump is putting the government's money where his mouth is in a big campaign-style rally in arizona, trump says he is willing to shut down the government to get the funding need

. >> speaking of sara eisen, who follows this -- >> from cnbc >> yes, cnbc's own sara eisen will join me at 10:00. obviously, we talk a lot about mall traffic. >> right. >> and the decline there footlocker reported not a great number a few weeks back. >> terrible number. >> and adidas is killing it. >> they are killing it less. i was on one of the customer calls. i'm talking about a category slowdown the main category that had been really great i don't want to write off all apparel. pbh had an amazing quarter that's shirts and ties but that's also calvin klein and it's tommy hilfiger but that's europe they made a big move into europe, china. nike lacks a killer shoe 70% of finishline, 71% of finishline is nike it's impossible to have any other read through that's a big dow stock, david. it's a not countered by united health that did an acquisition that's going to be positive. dav david, it's racheon. >> you're jumping the gun here that's not until 9:25. let's circle back to best buy. the stock moved up after the numbers. >> the conference call -- >> sales comp number in this world, i

i'm sara eisen here today for kelly evans.will be joining us in just a moment a look at how we're finishing up the do i on wall street. going out with declines. the dow breaking that ten-day win streak after nine record closes the dow did close lower today, just fractionally though, a little more than .1 of 1%. the s&p 500 closing at a record yesterday pulling back a dade. down a quarter of 11%. the north korean comments really taking a leg lower for markets into the final hour of trade took the nasdaq lower. it was higher earlier in the session closing out with a loss of .2 of 12% a big hour of earnings coming for you including the first on cnbc interview with disney show bob iger on his company's results. we'll bring that to you in moments. first, it was these comments just moments ago that president trump made that sent the market lower. listen >> north korea must not make any more threats to the united states they will be met with fire and fury like the world has never seen he has been very threatening beyond a normal stat

welcome everybody, i'm sara eisen here in for kelly oven. >> and will i'm wilfred frost in for bill griffeth. >>> more rain in houston is expected and a number of refineries along the gulf coast have shut down until the storm is passed. we speak to the head of parentson uti coming up. >> $99 for a case of water, that's the type of price gauging that the attorney general is seeing in the state. he'll join us to tell us how he's cracking down on all that have. >> and next hour president trump is likely to address this catastrophic flooding in a news conference with the president of finland. we'll bring you that live as soon as it begins. but we start in texas. contessa brewer is in houston with the latest on the flooding and brian sullivan is in galveston with a look at how hurricane harvey is affecting refineries contessa, we'll start with you. >> reporter: the bayou has overflowed its banks, normally parkland, and this historic building here was due to be completely renovated by fall of 201. as you can see, they will probably have to go back at t.houston at this point is mostly a ghost town.

i'm sara eisen in for kelly evans at the new york stock exchange. >> have to cancel the segment we

live from the nasdaq market site overlooking new york city's times square i am sara eisen in for melissa lee. it's the battle of the smartphones. samsung launching the new galaxy note >>> did you lose money in shares of blue apron? one top securities lawyer says you might have a shot of getting some of it back. he will be here to make his case >>> later, it's the ad man's warning of the world the ceo of the world's largest ad agency speaking out about why u.s. companies are not spending as much as they used to. we'll bring you the comments >>> first, a classic trump trade. that fell sharply today. transports now on pace for their second negative month in a row. and the airlines in the group hit the hardest. delta, jetblue, southwest, united airlines, all near or at bear market territory, which means 20% off their recent highs. which were just last month is this sending a warning sign to the rest of the market? is it a sign there is more selling to come? >> sara, great to have you with us thanks for filling in. it's a long day. 2015 transports had a miserable year at the beginning of 2016

i'm carl quintanilla along with sara eisen the dow is up 81 the best day for retail since late july ashe markets go green for august >>> absolutely we are also following a big business story president trump making waves doubling down on a previous statement that, quote, both sides were responsible for the violence over the weekend. multiple executives stepping down from the white house business councils, some vowing to stay and work with the president. listen to the restaurant ceo andy plesner who is a big trump supporter. listen to what he had to say >> i was really happy with jaime diamond who came out and made his statement. this was very positive because i think two years ago jaime dimon never would have said anything american executives speaking up is incredibly important. don't walk away from the table, stay in the game, let's see what we can get done. >> now listen to former secretary treasury larry summers disagreeing and saying wishes to speak to anyone in the senate, anyone in the president's cabinet or key officials in the white house, he will be unable to, if he is not a me

i'm carl quintanilla sara eisen is here as well the dow is down 59 points following the best day sinceil. and tech's best day in just over a week nasdaq is now lower for four of the past five trading days for more on all of this, we are joined by the chief investment officer john rutledge. >> good morning, carl. >> you put more credence on the action yesterday or today, john? >> i think the risk is the thing you have to watch out for. so i guess that means today. and it is really event risk. event risk is something investors don't think about very much, but it is like lifting a dumbbell big left, big right, nothing in the middle so you have good economics, bad politics around the world, and then it's adding up to a lot of risk and makes me want to be cautious. >> you take risk on or off here? >> we're keeping risk on, carl our opinion is this is not uncommon over the last 8 1/2 to 9 years. this has been the most remarkable process of recovery, now normalization. there is risk, but it amounts to price discovery, which will create volatility, which will be more like normal volatility if

and "squawk alley" is live ♪ >>> good morning, i'm carl quintanilla joined by sara eisen.ur top story today is going to be apple hitting the all-time highs. the company beat on the top of the bottom lines last night issuing stronger than expected guidance for the september quarter. strong device shipments are building the best revenue growth in seven quarters, jon, with unit revenue growth in all categories and surprise ones >> ipad, i was looking for more than half the ipad's life now, it has been in decline so this performance up year over year, at least sparked some hope that that might be shifting. but i want to see a couple more quarters before being confident of that. the two things that seem most significant to me off this call were the low inventory levels, the big sell through they had in this quarter, and the aggressive guide into the start of what we expect to be an iphone launch, given that so many people had expected the highest iphone to be delayed somewhat. what does this mean? are we going to have more iphone models out than we have had in the past perhaps

. >> i'm seema mody in for sara eisen today. >> good morning to you all we're continuing to follow the latest developments out of north korea. that country issuing a new threat against the u.s. overnight vowing to fire four missiles in the waters surrounding guam north korea calling president trump's threats of fire and fury, quote, a load of nonsense. multiple news sources telling they have created a preemptive strike if needed we'll follow that developing story and bring you more when we get it meantime, let's check in on the global market reaction futures pointing lower today and more pronounced fashion for the nasdaq down just over 0.5% for the dow and s&p more like 0.25%. the dow 40 points. the nasdaq down 30 points. this comes off a day of declines making it two days of declines albeit muted declines. essentially flat but just slightly lower yesterday for the s&p. we did see some broad risk off purchases. we did see the 10-year treasury note push to 2.21% at the lows of the day it's at 2.24% at the moment. >>> let's look at the mood in asia stocks there closing lower for the long

with me, sara eisen and mike santoli. >> carl has the morning off. we begin with our coverage of hurricane harvey, which continues to wreak havoc on texas and louisiana. the houston area alone receiving 20 inches of rain already with more to come the president is set to travel to texas tomorrow. we have team coverage for you. jackie deangelis is live in corpus christi, angie lasman monitoring the storm track at hq jackie, over to you first for an update. >> reporter: hi, there, sara it appears, at least for the moment, that the weather has calmed here and some of the dust is settling, but now there are a lot of questions with houston under water how corpus christi is going to get back on its feet, get power restored, get the plumbing going again some of these coastal towns were really hard hit over the weekend. we were in rockport. we spoke to some folks who were speaking to the solidarity of the texans and praying for those in houston, but we spoke to some who said we need help and we need it now. >> i don't think so. this is pretty bad if we're not

let's bring in cnbc's sara eisen live at the new york stock exchange with a lot going on there. and even smaller ones that are more exposed to texas like anadarko petroleum were some of the hardest hit stocks in yesterday's session on the back of flooding in the nation's energy capital. the biggest impact you will feel and we are seeing is on gasoline prices which continue to surge this morning. already the national average for the price we pay at the pump $2.36 this week, four cents higher than last week. analysts say it could climb another 15 to 20 cents in the coming weeks. the problem is a lot of these refineries where the oil is made into fuel are shut down. we're talking 2 to 3 million barrels per day in refining capacity because of the flooding. it will take a while for that to come back online. oil prices are down but gas prices are high. so we'll watch the energy companies besides those, we saw a big impact on insurance companies. they were also big losers in the session yesterday because the fear is this is going to be very costly in terms of claims. in fact, jpmorgan

let's go to cnbc's sara eisen live from the new york stock exchange. to crack down on china over trade. >> yes, this could mark an escalation in the tensions with china over trade. so according to reports, the u.s. is looking to open a broad investigation into china's trade practices focusing specifically, mika, on intellectual property. allegations from u.s. companies which we've heard over the years about doing business in china, having to open joint ventures, sharing technology and research in exchange for market access. it does mark an escalation because investigations can always lead to sanctions or even tariffs. so we'll be watching this one closely. there's a lot at stake for both countries and economies. the big worry is if the u.s. does impose sanctions, china could hit back. it's an important market for u.s. companies, including consumer companies like apple, nike, general motors. we're talking about $600 billion in two-way trade. they're our largest trade partner. and, yes, the u.s. does buy a lot more from china than we sell to china. it's

let's go to cnbc's sara eisen at the new york stock exchange. sara, what does the report show?s country. 209,000 ons added during the month of july. that was a lot better than the 180,000 jobs that economists were looking for. as far as the up employment rate, it did tick lower which is what we want to see, 4.3% is the nation's unpayment rate. that matches the lowest level in about 16 years. as for wages, we've all been waiting to see wages rise. their are rising slightly. 0.3%. that is exactly what economists were expecting in terms of how much earnings would rise. it means that from last year at this time, wages are rising 2.5%. it's a little tepid. we want to see that to be stronger during this cycle of the recovery. and with this many jobs added. but overall, it's a pretty healthy picture of the job market in this country. i'll also give you a labor force participation, which showed that more people are entering the labor force, guy, 62.the. that was a slight uptick from the month before. as far as when jobs were created, leisure and hospitality. restaurant. health care con

with me, sara eisen and mike

let's bring in cnbc's sara eisen live at the nyse nigh.ing higher prices at the pump for gasoline. gas prices are surging this morning. they're trading near two-year highs. we're talking about as much as 15% of the nation's oil refiners that have been knocked out. that's pressuring oil prices because if we can't refine as much oil, that means there should be less demand. pipelines are closed. a lot of the key energy and gas infrastructure of this country is located in southeastern texas. a quarter of oil production is already shut down. we're also talking about widespread damage in terms of the rest of infrastructure. two of the nation's largest ports are shut down. the second large nest the country. that's houston. corpus christi is the sixth large nest the country. that could halt a lot of the supply chain for other industries beyond oil. houston is the fourth largest city in the united states so, expect to see some economic damage for the broader economy in terms of the numbers. it's really too early to tell what those figures are going

i'm carl quintanilla with sara eisen. david faber is off today dow is up 108. up almost more than 13 oil trying to play along here. ten-year around 220. >> our road map starts with market the second best day for stocks in august, following a turbulent two weeks. tech breaking out, helping to lead this rally. what's pushing stocks higher. >> common ground lawmakers have made strides shaping its tax plan we have details. >>> shakeup at macy's continues, hiring an executive from ebay as part of its management revamp. we'll hear from macy's ceo straight ahead. >>> first up this morning, markets are in the green, following yesterday's mixed session. nasdaq looking to break past a three-day losing streak with all the major averages looking to have a better day since october 2016 morning, gentlemen good to see you. >> good morning. >> david, does today mark a turn in sentiment or can we draw many conclusions given the light volume this week >> i think it's a good point it is a period of low participation. not that much volume but i do think the bigger picture is still

i'm sara eisen in for kelly evans here hat the new york stock exchange. >> and i'm bill griefette. we have breaking news. >> this is a good match. >> this is a good match. breaking news already this afternoon. a new report says that north korea is now able to make missile-ready nuclear weapons. we have all the details and the potential geopolitical impact. i don't know if that has -- is partly what caused the market to turn south, but it's not by much we won't make too much of it, but we're in negative territory. >> the headlines d

i'm sara eisen here for kelly evans at the new york stock exchange. >> i'm bill griffeth i'm still tryingre out what melange means ty just used it right now. >> happy birth dawe to you. >> happy birthday to us. >> different years, just so you know. >> we can still celebrate together. >> and we are. >> it's deja vu again for th

i'm carl quintanilla with sara eisen and david faber.in the 49 range. >> our run map for the hour does begin with rain across the board for the month of august. where you should be putting your money straight ahead. >>> and anthony scaramucci ousted after just ten days. >>> under armour cutting its guidance, restructuring plan that includes job cuts details and analysis straight ahead. >>> first, economic data crossing the tape. let's get to rick santelli with those numbers. rick, good morning. >> good morning, sara. let's start out with the older number, june spending, closed up .5%, down 1.3 another disappointing construction number. last month's goose egg does rise to .3. at least a minor positive. july number, headline looking for 56.5, close 56.3, weakest level only since may when it was 54.9 there is no revision of 57.8, the last read. what about prices paid it leap frogged right into the 60s, moved from 55.0 to 62.0 and 60.4 versus 63.5 on new orders new orders moving lower. price pay moving higher. and since we have ism tomorrow

welcome everybody, i'm sara eisen here in for kelly oven. >> and will i'm wilfred frost in for bill griffethre rain in houston is expected and a number of refineries along the gulf coast have shut down until the storm is passed. we speak to the head of parentso

i'm carl quintanilla with sara eisen and david faber is off today. >> our road map begins with ceos makingeos leaving the trump's manufacturing council in response to charlottesville. >>> retail results, tjx, dick's reporting this morning we'll bring you the latest. >>> and boeing's stock surge as it ramps up plane production we'll go inside a boeing manufacturing plant. >>> first, breaking economic data coming across the tape at the top of the hour. let's get to rick santelli in chicago. rick >> up 1.5%, making it the best read since june of 2015. that's a pretty good number. over two years with regard to a month-over-month percentage change that large. we have an august read for national association of home builders their housing market index for that, we head east to diana oleck and sara. >> four points in august for the highest level since may. national association of home builders, wells fargo index stands at 68 anything over 50 is considered positive builders say they're seeing stronger demand from buyers and chairman mcdonald says that's due to job and economic growth, low mortgage

i'm sara eisen here with david faber and mike san tilly live at post 9 at the stock exchange carl has show you where the markets are trading. stocks pulling back from those record highs, notched at the close yesterday. both the dow and the s&p finished in record territory we'll see if we go positive. that would be number ten in terms of record closes consumer discretionary is strong thanks to kors and ralph lauren. we'll talk about it. take a look at wti crude, though 49.07. it is down a little more than .5% the today >> will we get to 11 we'll see. >> plus, bright spots in retail, but kors and ralph lauren surging on earnings. more analysis, straight ahead. >>> and google firing an employee over a divisive memo about gender more on the silicone culture environment, coming up >>> for more on the outlook, we are joined by goldman sachs chief u.s. strategist david kostin welcome back >> nice to see you >> you have a call that the financials are underappreciated in this market why are they poised to go higher >> there's two reasons the first aspect is the path of inflation. and the goldm

live from the nasdaq market site overlooking new york city's times square i am sara eisen in for melissahe battle of the smartphones. samsung launching the new galaxy note >>> did you lose money in shares of blue apron? one top securities lawyer says you might have a shot of getting some of it back. he will be here to make his case >>> later, it's the ad man's warning of the world the ceo of the world's largest ad agency speaking out about why u.s. companies are

. >> sara eisen at the new york stock exchange. 30 minutes from the opening bell as the dow sits at recorddent is right. this is the sixth record close in a row. but i would note that it's also in the middle of an eight-year bull market run that has been fueled by e better corporate earnings, super easy zero interest rate policy from the federal reserve and this idea of a global synchronized recover, which we're seeing all around the world. the latest fuel for the market has really been earnings. apple yesterday had its best day in years on better ipad and i phenomenon growt -- iphone growth. the latest earnings is tesla, another stock that's been on fire, up more than 50% so far this year. it has 455,000 new orders for its brand-new model 3 mass market electric vehicle. more earnings coming this morning. we of got aetna, allergan, yum brands, after the bell, a reading on kraft, shake shack -- >> sara, tesla's so fascinating. you talk about tesla. we saw reports a couple days ago that the traditional car companies are getting pounded. how do you explain the difference between the two? >> s

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sara eisen joining us.for tax reform but also criticizing the president's response to the charlottesville violence and not really offering a counter or support or saying he's a good man but said the wrong thing, he should have done more. >> well, willie, this is exactly emblematic of why the white house has had trouble changing the message to tax reform because gary cohn's comments on charlottesville and the response to charlottesville were more powerful than made a lot of news. i picked out one quote in particular which i thought was personal and passionate and explains why he's staying on. "as jewish american i will not allow neo-nazis chanting jews will not replace us to cause this jew to leave his job." he's also seen as an important figure on wall street. just the mere mention he was distressed about those comments about charlottesville last week caused some jitters in the market. saying he's staying on, i wouldn't call it overtly critical of his boss, didn't mention president trump by name, but said t