you know, i heard from tim cole and, you know, a travesty that is actually happening. it is a very important tool that we have in the city, to ensure environmental impacts are mitigated. when development happens, and to say that that -- taking that law seriously, agile using that law to analyse impact is somehow misplaced. you know what i think is misplaced? is that they have no intention of building housing on this sight. he is exploitingroce p for his own personal gain. he knows he can get more money by selling this property if it is entitled, then if it is not. he told me that on the phone. he has every intention of selling this property. he has no intention of building housing they are. let's be honest about that. let's be honest that this is about getting top dollar for a piece of property, and exploiting whatever process there is in order to do that. let's not pretend that somehow, by using the law to make sure that the neighborhood is protected from environmental impacts is somehow an exploitation of the project, but what he is doing is not. and then, finally, i

tim cook straight ahead. >>> we're going to talk to joanna coles coming up as the final hour of "squawk box" begins right now live from the most powerful city in the world, new york, this is "squawk box. >> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. i'm joe kernen along with becky quick. andrew ross sorkin is live in the french riviera in cannes as you can see right there and that's not a green screen. i can tell you that. that's real. see? that's absolutely real and andrew's happy and the euro is like $1.15. he's throwing money around there. buying drinks for everybody. first up, our top story. the markets right now are indicated sharply lower on the increasing trade tensions. down 325 on the dow jones. the s&p down 28 or so. and the nasdaq down 95 similar losses in europe nothing too significant. 323 sounds big on the dow. it's about 1.4%. germany which has, you know, some problems unto itself, down 1.4, france 1.3% and lesser losses in the others treasury yields, having one effect and that sort of moderating some of the increases we've seen