wilfred, we'll see you tomorrow.ow you're going to be covering british politics and the bank of england all day long for the network. that does it for "world wide exchange." "squawk box" is next. er to y and a passion to build something better. and what an amazing time it's been, decade after decade of innovation, inspiration and wonder. so, weayhank you america f a century of tru, for the privege flying higher and higher, together. >>> good morning. global market alert. fresh new all-time highs. never been this way before. how many times can we be redundant. the s&p, they're doing this for me, climbing to unprecedented, never before seen levels. fresh new all-time record highs where we've never been. earnings alert, j.p. morgan, black rock and delta airlines all expected to report in the next hour. the count down is on, donald trump set to announce his running mate tomorrow. 11:00 a.m. eastern time. the rundown of front-runners in the swing state poll ahead. it's july 14, 2016. and "squawk box" beginning right now.

let's just check on the global markets wilfred. owe closed at record highs for the s&p for the second day in a row. this time for the dow as well. s&p futures flat to up. the nasdaq by the way closing at the highest level of the year and going into the black for 2016. after the record rally that sent yields to record lows, we've seen a reversal this week out of treasure yields higher. they hit 150 on the 10-year yesterday. backing up a bit. we'll keep an eye on it for you. european equities losing some gains. they have rallied sharply. got a little back. a limit action this morning. the german dax is flat. france is in the green. ftse 100 barely moving in anticipation of the any prime minster. the italian banks suffering the worst. new data out of china this morning. june exports and imports both falling a little more than forecast. still we did see green ads follw through. the nikkei continuing to build on recent gaining up. broader market, check out oil. suggesting that the global glut in oil not going away. putting pressure on p

. >> and i'm wilfred frost in london. last night's attack in the coastal city of nice marks the third terrorist attack on french soil in less than two years. it comes just eight months after the rampage in paris. we'll have the latest on horror that took place on france's bastille day in just a few moments. >> another difficult morning wilfred, but first let's check on the markets for you. u.s. futuring giving back some of the gains. we have gone on though for five sessions in a row. closing at another record high for the dow and s&p. little action in the futures action. dow futures down five. s&p down three. nasdaq down three. a heavy data dump in the u.s. marked by retail sales later this morning. as for the 10-year treasury no yield. we have seen them move in the complete opposite direction this week. that has pushed yields up into the 1.50. we're sitting at 1.53 this morning. >> let's check on the markets in asia. the figure showing china economy going 6.7%. slightly better than analyst had expected. the reaction as y

. >> and i'm wilfred frost reporting live from london. good morning to you all. >> good morning. it is the friday before independence day. we're wishing america a happy birthday with some of best usa themed songs today. let's get straight so the markets on a friday. let's show you what u.s. futures are doing. under a little bit of pressure after pretty giant rally. the dow climbing more than 200 points again yesterday. giving back about 48 on the session here. s&p future down. nasdaq down 14. the first half of the queer nye officially in the books. the dow and the s&p 500 up nearly 3% for the year, but check at the nasdaq, it is down by the same amount. six sectors are positive here today led by tell kom up 21.8 pjt. the worst performer the financials down 4% for the year. as for the ten year treasury note, we have seen another strong week. buying a treasury sending yields lower. down to 1.41. they are down again this morning. just stunning to see pressure on yield's worldwide especially in the uk. >> absolutely right and the yields in the uk hittingrecord lows again. >>> the maj

wilfred, thank you very much. wilfred frost.e're going to take a quick break. >> i also hope to be a remainer for a very long time. >> we all do actually. >> we all do. we're going to take a quick break. and the remainers will be back after this. >>> all right. we are getting set to close in the oil market. jackie deangelis, where are prices? >> good afternoon to you, brian. well, we're seeing a little bit more than a $2 drop today, and it's a big drop because of that inventory report this morning. actually, the drawdown wasn't as steep as people were expecting, and also u.s. production moved higher on a weekly basis. so a lot of traders telling me we're going to see this. we go down 5% and then people will buy the dip and we're going to be range bound for quite some time. but closing under 44.78, that's a key technical level. watch for that. >> wow, back down to the mid to low 40s. jackie, thank you very much. time now, folks, to introduce you to a new oil guest, at least to us. kate warwick, investment firm owns more than 4,00

wilfr wilfred. >> we are waiting for prime minister david cameron to make his final fair well.is expected to be accompanied by his wife samantha. and his three children. it will be his final point to leave 10 downing street as you already discussed. in parliament he said i will miss the roar of the crowd referring to contests in parliament. he said he was willing all of his fellow politicians on and said in the end the public service and the national interest is what it's all about. nothing is impossible when they put their minds to it. that's some of his words in parliament. his final statement due any moment here at downing street. at the age of 49, prime minister david cameron is the youngest prime minister to depart office for 121 years. the last one to do so. and at the age of under 50 and his successor, 10 years his senior, teresa may is 59 and she will be coming of course later today and make the short trip, 2 or 3 minute drive to buckingham palace. he'll go down to buckingham palace offering his resignation to her majesty the queen. the prime minister has been the 12th

john is with us. >> good morning, wilfred. democratic convention kicked off with shades of the same disfipgs as we saw with the republicans in cleeflds. the clinton ticket hoped to focus on the rollout of tim kaine as her vice presidential choice. instepped, because of the leaked e-mails that showed that debbie wasserman schultz, the democratic chair had been favoring hillary clinton, which is something that she denied at the time. she was forced to resign. the positive news for democrats, they achieved that forced resignation by the time this interview aired between hillary clinton and cbs's 60 minutes show in which she said she was going to run a campaign that didn't look at all like donald trump's. >> he calls you crooked hillary. what do you call him? >> i don't call him anything. i'm not going to engage in that kinds of insult fest that he seems to thrive on. whatever he says about me, he's perfectly free to use up his own air time and his own space to do. i'm going to talk about what he's done. >> donald trump wasn't goi

. >> and i'm wilfred frost. good morning. it's throw back thursday. we're in the mix of the first official heat wave in new york. i have to say i don't like this one. the weather has been very, very warm. >> you don't have summer in london. i was there last week it was freezing and raining the whole time. welcome to summer. >> this is too hot the last couple of days. >> it's extreme. >> let's check in on the markets whether they're hot or cold this morning. the dow was down over 100 points, but rallied. all three up again this morning. the nasdaq by 10 points. the 10-year note once again hitting another all-time record low 1.32%. we're at 1.385. yesterday we also hit record lows in the german 10 year and the uk 10 year. >> let's look at the action in european trade that has been difficult in the last few sessions. green today. looks like more than 1% gains for the german dax, french cac. >> today month depash, the one that has been in the eye of the storm, they extended the short selling ban by three months. that's helped the banks to rally in the sho

wilfred. >> thanks so much. european banks have survived stress test, but troubles remain. the chairman of the european banking association said while we still recognize the extensive capital raising, this is not a clean bill of health. there remains work to do. the standout loser was bm p ps who saw its capital completely wiped out in the test's adverse scenario, however, the embattled italian lender, the plan today, thus averting staser. fizen in austria and uni credit if italy also disappointed. uk banks rbs and barclays saw significant falls in their capital position from the base case to adverse case. which is a concern to address medium term. while deutsche bank shares were rising in trade as their result came in better than expected. the eba's test included 7% drop in gdp which under crisis has been averted. the test did not include brexit. reminder that the outlook remains bleak for european banks. brian. >> thank you very much. tim, let's talk about this. coming into show, i took a look at a returns. deutsche bank down 45%. royal bank of scotland down 42%. bank of

i'm sara eisen. >> i'm wilfred frost. very good morning from me as well.utures higher to the tune of 80 or 90 points for the dow. 80.99 to be precise. nasdaq by around 30 points. dow has continued the march higher. s&p closing yesterday with losses, but very small losses and on low volumes. in general the u.s. equities on a geed streak. european equities performing well this week. today is a strong set of numbers. in fact they've extended gains in the last hour or so. the ftse 100 relative lag up. only north .40%. asian performance today a little bit mixed, but in general positive as you can see. hong kong up 1%. japan and shanghai were just bl below flat. >> that was good. let's show you the broader market picture. even oil is getting a lift. oil prices have shed 3% over the last few trading days. wti still below. brent up half a percent just below $47 a barrel. it's wednesday. we'll get the government stockpile data. if we see that, that would be a ninth week in a row. as for the bond market action, yielding taken a bit higher there. nothing extreme. int

. >> i'm wilfred frost. very good morning to you from me as well. >> it's throw back thursday. we're throwing it back with a girl powered theme today. i hope we have some spice girls coming up. >> anything to get the spice girl sboos "world wide exchange." >> let's get straight to the top news. a ton of earnings this morning. if you went to sleep early last night, here's what happened at the democratic national convention in philadelphia. president obama taking center stage in prime time vouching for hillary clinton and making a point to say she would protect democracy from home grown demagogues like donald trump. >> no matter how much people try to knock her down, she never, ever quits. that is the hillary i know. that is the hillary i've come to admire and that's why i can say with confidence there has never been a man or a woman, not me, not bill, nobody more qualified than hillary clinton to serve as president of the united states of america. >> vice president joe biden also targeting trump in his address. >> no matter where you were raised, how can there be pleasure in say

. >>> i'm wilfred frost. sara, i'm disappointed.just got back from the uk and you bought -- where is phil lebeau reporting from? >> farnborough. >> maybe phil will pick it up. farnborough. >> that's what i get for mocking you on almost every pronunciation. >> she's been mocking me before the show went live. let's check in on the markets this morning. futures after a fantastic day on friday, the jobs number coming in much better than expected. markets in line with the economic data as opposed to reacting to the rate hikes -- we're basically fat in the pre-market. the dow expected to open 12 points higher. the s&p just below fair value and the nasdaq expected to open up about 7 points. we gained about 1.5% all three of the major indices on friday. >>> last week, we hit a record all-time low. 1.375% right now. >>> after that big rally on friday from wall street, you're seeing the overseas international markets respond. let's show you the early trade over in europe. green at least for the german dax. up about half a percent. for france

some wilfred, potentially worrying about a standoff over what is legal to do. this is an issue we're talking about hundreds of billions of dollars that needs to get fixed. >> it is the eye of the storm from brexit or related to brexit. the issue has been around for a while. at the top of the half an hour, alison is going to join us with interesting views of what's happening in italy. one not to miss. >>> investigation whether tesla breached security laws. failure to disclose two fatal crashes in may involving a vehicle using self-driving technolo technology. the investigation is in a very early stage. tesla as you can see just down .4%. >> stocks to watch, all ecoa has to be at the top of your list. alcoa: expects growth in the global market this year. the ceo was on mad money to talk about the quarter last night. listen. >> it's still a low-price environment. it's gotten a little better in the last quarter and that's what you immediately see reflected in the results. that's purely a fact of us having really driven down those businesses on the cusp of restructu

wilfred frost joins us with all the details. good afternoon, wilfred. >> good morning, julia. yes, indeed. as we wait for the minutes from the june policy meeting, offering insight into the federal bank thinking. saying policymakers can be patient in raising rates. including britain's vote to leave the union. saying the brexit vote is among the clouds on the horizontal for the u.s. we'll find out who else is taking a cautious approach due to brexit and other head winds later today. we're down about 60 points on the dow. we lost two-thirds of one percent yesterday. energy leading markets lower. financials remain the worst performer of the year. yesterday smaller caps getting hit fairly hard and record lows across the curve. >> thanks wilfred. >>> now continuing on, we've got director of bk management in new york. good to be with you. >> hi. >> we've been hearing about hedge fund and it's been a wet month for many of these hedge funds, are you still continuing to be optimistic on u.s. markets at this stage. >> u.s. equity markets, no. i think we're in a stage of risk right now.

. >> and i'm wilfred frost. very good morning from me too. it's new music friday. it's justin beeber to start your morning off right. >> a lot of market earnings to get to this morning. first, if you didn't stay up late last night for the democratic convention in philadelphia. here is what you missed. hillary clinton the first woman to lead a major political party's presidential ticket formally accepting the democratic nomination, her daughter chelsea took to the stage giving her mother a heart felt introduction. >> i hope that my children will some day be as proud of me as i am of my mom. i am so grateful to be her daughter. i'm so grateful that she is charlotte and aidan's grandmother. she makes me proud every single day. and mom, grandma would be so proud of you tonight. >> an emotional bill clinton father looking on. during hillary clinton's acceptance speech she made a point to contrast her campaign with republican nominee, donald trump. >> that's how we're going to make sure this economy works for everyone, not just those at the top. now, you didn't hear any

wilfred frost is on the phone with more on the developments of who will be the next prime minute officernd when david cameron will be stepping down. >> david cameron has confirmed he will be re-signing his position offering his resignation to her majesty the queen on wednesday and the new prime minister will be in place by wednesday evening. this follows the development that he is the only remaining challenger that pulled out of the race early this morning. the certainty of the new government would come sooner but would cause slightly more pro-european and she made it clear that brexit means brexit and the focus will be the break down of her cabinet. >> thanks so much wilfred. nbc news reporting that david cameron will do the question time wednesday 7:00 a.m. eastern time and we'll follow that of course when it happens. >> meanwhile a push for higher rates from a fed official. steve has that story for us. >> a well-known hawk and also a voter this year saying she supports raising interest rates gradually. you'll remember she had descented for much of the year and then did not descent at

. >> i'm wilfred frost. we're back. back together. it literally feels like months. >> it has been. >> what great stories to cover. >> absolutely. we'll show you what they're doing this morning. u.s. futures under pressure after a selloff yesterday that sent the dow down a little less than 1%. dow futures down. s&p down 7.6. nasdaq down 22, but all the action has been in government bonds. a massive rush in into this safe haven treasury debt. look at that 10-year treasury note yield. we are in record territory. i think japan's long-term bond went to zero this morning. it is unbelievable. >> record bond buying across the board particularly out of uk. that out of fear, not confidence. i wonder when we get a moment that we think this is crazy. >> every time you think that, it continues. it's the trade everybody has been wrong about. >> the reason we don't see it sell off is we're not seeing inflation. i wonder if the uk will be the first one, not immediately, but with what you're seeing in the pound, do we see inflation pick up and if you

wilfred frost joins us from london. i liked the discussion earlier about the cat, too. >> absolutely. larry the cat. it will resident cat and staying, not going with the prime minster. stays at downing street, but let me set the scene on some of the other slightly more important points of the day. the front page of the telegraph going with david cameron's farewell message. as i leave today, i hope people will see a stronger country. where as the front page focusing on the first items on theresa may's agenda which will be appointing her cabinet. not only britain's second female prime minster, but expectations of a heavy female cabinet as we well. may's women on the march the headline there. going to parliament for final appearance. that will take place in under one hour. he'll then return here to downing street. the final photo with his entire family. his wife, children and then make it away around 12 eastern time to buckling ham palace. then see theresa may go to the palace and return here as the new prime minster. very

wilfred frost reports on the twists and turns from lo >> reporter: a week is a long time in politics. just six days ago former london mayor boris johnson oversaw an extraordinary victory as the leave camp won the brexit referendum. many people thought that would sweep him to power and make him the next uk prime minister. however, this morning he surprised everyone. speaking on the topic of who could be the next prime minister, he had this to say. >> my friends, you who have waited faithfully for the punch line of this speech, that having consulted colleagues and in view of the circumstances in parliament, i have concluded that person cannot be me. >> reporter: so boris johnson not a contender, but there are five candidates now to be the leader of the conservative party, and with it the next uk prime minister. the favorite is the home secretary theresa may. she had this to say. >> brexit means brexit. the campaign was fought. the vote was held. turnout was high, and the public gave their verdict. there must be no attempts to remain inside the eu. no attempts to rejoin it through the ba

wilfred? indeed, sarah, the outgoing prime minister david cameron had the final appearance in parliament earlier today, and he was given a standing ovation, and albeit only from his side of the political aisle, and despite being the farewell moment, the labor party did not get up on their feet, which highlights the level of division in the british politics right now, and it is the polarized political landscape that the incoming prime minister teresa may will have to navigate and not just to navigate the country, but in the short term having to unite her party, and so what is on her agenda as he she is coming in, and of course, picking the new cabinet. a lot of thele balancing acts there, and brexiteers and the e remainers and the balance of the continuity of change, and it is thought above all else she is going to be award those who have been loyal throughout. and there is a balancing act of the cabinet post brexit. and so will she be withdrawing from the likes of angela merkel and francois ho

wilfred. >> i'm just amazed. we thought we weren't going to get a new prime minister until september and, bam, here it is not even the end of july. >> and by the way the ftse 100, new bull market there. >> that's right. >> wilfred, thank you. wilfred frost at the nyse. final gold trades crossing for the day. we have the metals close on deck. that's when "power lunch" returns. when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help r

i'm wilfred frost alongside susan lee for sara this morning. >> look who is back. >> i am back as well. fee feels good to be back here in cnbc's headquarters. let's take a look at the market this morning. all three of the major u.s. embassies up over 3%. they are looking like they're going to give up gains today following some losses we're seeing in europe. the dow by 90 points. flirted with 100 a few moments ago. let's look at the 10 year hitting a record low falling 1.381. even though we saw a really in equities last week, the move for bond deals globally has been in one direction throughout and that has been buying of the bonds pushing the yields lower. >>> let's check in on the asian section. well, asian stocks stumbling breaking the five-day winning streak. rising to an 11-month high in june. you saw shanghai. maybe more military spending to come. across the woboard to europe no we're looking at steep declines for the german dax and france cac. and will italy is a focus because there are some real concerns about a possible italian banking crisis underway hence the losses down. >>

i'm sara eisen joined by don chew sitting in for wilfred frost this morning. let's get a look at global markets. thank you to our own peter for this stat, the dow has been riding a seven-day up wave. that is the longest streak. >> it hasn't been on that much volatility. we haven't seen crazy moves up, crazy moves down. just every day seems like we're on the verge of another record. >> the past of least resistance. >> is up for right now. >> supported by earnings in the economy, would you say. >> only because the economy yes, the data points are coming up perhaps a little more positive on balance. maybe a little too early in earning season to say whether or not those earnings are going to affect the overall market. i will say this, a lot of traders we're talking to these days say the market yes the path of least resistance has been up, but it's been going up for quite a streak here. maybe a little bit of a pause. yesterday we did see weakness in the markets and we still set a record. >> we are seeing rotation in certain sectors. technology, materials had a good

thaps for sitting in for wilfred frost. >> great to be here. >> investigators searching forrancfo forranfor answers on the gunman who killed three police officers and injured three others. >>> and then a deadly military coup attempt in turkey has failed over the weekend. thousands have been rounded up and arrested. a report from istanbul coming up as well. >>> first, a lot of geopolitical uncertainty. global investors shake it off. >> we're green across the board mod erately speaking. the dow jones industrial average up 37 points and nasdaq, 9. yes, green, again, but not crazy to the outside. ten-year treasury notes currently yielding 1.5, 11.8%. let's take a look at what's happening in europe because we're seeing equity market strength now. we did see a little bit flatness but the german dax, flat again. they're all ratcheting back a little bit. of course, powered by that arm holding deal. the ibex 35 in spain fractionally to the downside, sara. >> that's what happened in aovernight. the japanese nikkei finished higher. home prices there moderated potentially weighing into the trade. now l

usually our director nails it. >> wilfred's song of the summer.hrow back, coming up later in the hour. it's slow. >> there's been some other fast ones. anyway, let's check in on global markets which are in fact slow. we're lower only slightly though in muted fashion. possibly pointing to the dow breaking a nine day winning streak. >> long nest three years. though we do have economic data on the ecb coming up. >> we only slightly blow flat at the moment. the dow could make it ten days in the a row. only 18 points to eradicate to get it to positive territory. the s&p is down and the nasdaq by four. let's have a look at the european trade. all be it slightly around the quarter to half a point of declines, but bear in mind the dax is up around 5%. the ftse 100 is up around 3.5% month to date. so some declines ahead of ecb meeting are not too much to get concerned about. asian trade we did see gains for the nikkei because the yen had been lower. changed directions after comments making the likelihood for helicopter money a little less. the nikkei had a

[applause] a wise lawmaker, wilfred mills. [applause] and the man from north carolina, who over the years has opened new areas in education. [applause] the leader, who in 1968, combined the travail and the hope of the american spirit, senator eugene mccarthy. [applause] i was as moved as were all of you by the appearance in this convention hall of the governor of alabama, george wallace. [applause] his votes in the primaries showed clearly the depth of discontent in this country, and his courage in the face of pain and adversity is the mark of a man of boundless will. [applause] all of us despise the senseless act that disrupted his campaign. governor, we pray for your full recovery so you can stand up and speak out for all of those who see you as their champion. [applause] in the months ahead, i deeply covet the help of every democrat , of every republican, of every independent who wants this country to be the great and good land that it can be. [applause] this is going to be a national campaign carried to every part of the n

. >>> a marathon match usually involves john isner taking on joe wilfred tsonga, and the match took two days with the fifth set taking two hour, and the fourth longest set there. and there were 13 more winners the match, but isner fell on match point, and tsonga with the great drop volley moving on to the fourth round with a five-set victory. >>> and now, in the quarter cups, iceland taking on the host nation france. olivier jer rude to get behind the defense, drilling it in, and 1-0, france. it was 4-0, by halftime, and anton greeceman chipping it over the keeper, and frabs is going to face germany in the semis with a 5-2 victory. >>> and the tour de france, 1,300 miles in france as a little crash on the peloton caused a little traffic jam. the roads dried up in the finish to allow peter is agon to sprint fast the leader, and the win gave is agan the leader yellow jersey. >>> at firestoneb in ohio, dustin johnson in the first start since winning the us open started with a round of 76, and he is in the clubhouse tied with jason day, but after a bogey on the 17, and a third shot on the p

>> wilfred frost used that same poll i was just quoting and he's english. >> so wilfred was wrong on that particular one as well. >> all right. i'll tell him. >> you're right in the case of the poll of polls. i'm just talking about the individual poll that we ran. but basically i agree with what you're suggesting that one must look at the results of brexit as having an impact on the polls here. and the impact on populism here. >> sir martin, we didn't get to talk about advertising and what's happening out at alan company. but it's good to get your take on brexit and everything else. london is a bubble, but what a great bubble as we both know. maybe i'll buy some real estate now. >> yeah. >> well, i think that's -- it's good timing. it's remarkable that the pound is at the lowest level against the dollar since we started wpp about 31 years ago. which when you think about it is a truly remarkable thing. i think you will see a number of people start to purchase assets in the uk. i think the next problem we'll have is the people in britain will complain about foreigners coming in and buy

wilfred frost is live in london. wilfred, that is a surprise to say the least this morning.ot from the boe. >> reporter: it was certainly a big surprise for markets. scott, i would like to think it wasn't a big surprise to viewsers of worldwide exchange after the discussion this morning. also keeping the stock of qe assets at 750 million pounds did surprise the market. the pound rallied more than 1% immediately after the decision settling around 1.33 handle. the market had been expecting a quarter point cut. the bank of england did hint at such a cut in august. but many had expected it to come in july as you said. the pound has been up significantly over the last week or so. that of course much more down to political developments in the new prime minister theresa may not wasting time appointing her cabinet. it's almost completed. she's been very bold. that's really the headline. not just on the appointments, on the departures as well. the former chancellor osborne the most profile name to get the chop. also michael gove. we know the headline, the biggest surprise, that was b

. >> wilfred?e anything about this. >> he lied to us. >> get in. >> oh, now, you didn't know -- welcome, tara. you did didn't know that you were going survive or not, right? because the public decided. >> it was the first time the twitter fans had to tweet on it, april lives or april dies. i was like what if everybody wants me to die? >> so you won by a landslide and now i'm sure you'll be in sharknado five. they just keep going. some great cameos this time, too? >> yeah. gary busey actually plays my father. >> that explains a lot. >> in the third one, the same shark kept following us around. the second one with the scar on his face, he actually ate my hand. >> that is just rude. a sharknado is when there is a ton of sharks. your pl the producer said i wish regis could do it and i called you to see if you could come over. he's the only one that hasn't been in it. so let's play shark games. what does it say? >> i'm not good at games. >> that's all right. neither are we. we just have fun. >> what doe

. >>> good morning, sara and wilfred.hat a day yesterday for the start of the convention in p philadelphia. we saw over an inch natural of rainfall. that was a record. we also had a high of 97 degrees. a stifling day across the northeast. flooding rain in pennsylvania even across new jersey. we had all kind of airport delays. today looks better. it's still going to be hot though. we'll see chance firefighter scattered thunder storms throughout the ohio valley. stretching all the way back to oklahoma. where some storms could turn severe the organized area is going to be with this system across the northern and central planes otherwise a good looking day for you. inland from there, very hot for the fire fight that does continue. that's a look at your national forecast. ind a new way to keep up with the data from over 30 billion connected devices. just 30 billion? so, a bold group of researchers and computer scientists in silicon valley had a breakthrough they called... the machine. the machine. it changed the basic architec

andy murray fed off the support of the crowd to come away with a five set win over jo wilfred, and advancednth time. the last american query was eliminated a milos bondage. the semi final matches will be murray against thomas burr -- and roger federer. venus and serena williams play their semifinal matches today. fenway park last night, david r. t.'s reach 20 homers for the 15th consecutive season and drove in three runs. all-star knuckleballer pitched into the seventh inning and the red sox beat the texas rangers 11 to six. train to severe storms expected in parts of the plants in the midwest. a heat wave and easier. meteorologist maria molina live in the fox weather center with today's forecast. >> good morning. good morning. tracking storms across portions of the midwest but the big threat for damaging winds. strong winds expected across places like illinois, iowa, missouri and portions of the eastern u.s. a widespread area as they moved eastward. more strands in the forecast from kentucky to portions of ohio and western pennsylvania. west virginia getting have card for a significant fla

. >> wilfred is a tall man. >> i don't know about you louisa. >> i'm not 7'10". >> on that note, i'm pretty sure she is not on a box in singapore, but let's see how the markets are fairing over there. central bank s remain the theme today. looking at the nikkei again with the winning streak. >> talking of tall people, you know who came into the studio not to long ago, kristen man who plays holden the jntle giant. really flat to slightly high. we continue to see the extension of the gains on the nikkei in japanese exties. we are front running the idea of fiscal stimulus and possibly also the bank of japan coming to the party at the end of this month. that is when they meet next. a lot of talk on doubling up j.p. purchases. equity linked purchases as well. a lot of chatter about helicopter money, direct cash payouts and the fact that a certain mr. borrow nancy is visiting tokyo has really added fuel to that fire. we have a robust set of numbers in australia. that helped the aus si dollar at the close. elsewhere not a great deal of action. shanghai holding just above that critical handl

wilfred has the full report. >> reporter: the pund fell on thursday after mark carny said there should be an easy. >> in my view, the economic outlook as deteriorated and som likely be required over is summer. >> the fall in the pound much more muted than last friday. the governor was asked if the bank of england had to step in and do some buying. >> there were some pretty big moves in currency that was to be expected. it was expected given the scale of the change. those markets function very well. the markets there were huge volumes. while the currency was moving, it wasn't moving because of market technicals. it was moving because of opinions of investors as new information came in. so the market was functioning. when the market is functioning you don't want to get in the way of the market. there was a need for the currency to find a new level. >> by the way, the fall in the british pound has allowed the exporters to rally within the ftse 100. the index closing at the highest level in 2016. that said, some sectors still under pressure including the banks. here's what the governor had

and for it we're going to go now to the phone with wilfred frost. >> hey, tyler, we have the results of the first round of voting in the leadership election to be the next conservative party leader and with it prime minister, resounding result for theresa may, she's the favorite. majority despite there being five candidates, strong second place from leave campaigner andrea leadsom, liam fox came fifth, he's now eliminated. he was also a leave campaigner. we'll see where his 16 votes go next. looks like may is certain to make the final two now. the race is onto become second. the next vote will be on thursday. and of course the members of parliament of which there are 330 continue to whittle it down to just two candidates. at that point it goes to a vote of the wider conservative party membership of which there are 140,000 voters. the final decision will be the 9th of september, but strong showing by the favorite theresa may just now. >> all right, will, thank you very much. wilfred frost reporting from london mpkts the yield on the 10-year hitting record lows and rick santelli is tra

wilfred, buffalo wild wings, reporting a third quarter drop in same store sells.nings matched forecast as the decline was offset by higher revenue thanks to the opening of new locations. sally smith will be on "squawk box." that is a first on cnbc interview at 7:30 a.m. eastern time. >> more stocks to watch, panera raises results. same sells rose more than 2%. elumina raising 19%. u.s. steel reporting a anymo ii narrower loss. flat rolled segment returns to profitability. shares rising 2.6%. juniper networks fell 11%. network and telecom equipment maker warns challenging markets will continue to pressure. >> also keep an eye of tesla opening the doors of factory until nevada yesterday. offering a peak at the massive facility where it plans to start making battery sells next year. it says it will have completed tesla aims to start producing batteries in time for the laumpk of model three sedan. last week unveiled new master plan for future growth at a news conference. musk addressed how he will pay for both that plan and the factory. listen. >> we're seeing very go

i'm sara eisen along with my friend don chi todwhich yo chu wilfred. >> together we will lead our party back to the white house, and we will lead our country back to safety, prosperity, and peace. we will be a country of generosity and warmth, but we will also be a country of law and order. >> we will discuss his speech, ivanka's speech, in just a moment. >>> first let's checks on the global marlinskets this morning we mentioned the dow breaking that nine-day winning streak. still not off from record highs. indicating a modestly higher start for wall street futures. dough futures up 33. nasdaq futures up 11.5. as for the 10-year treasury note yield we saw yields come down just a bit in the selloff. it was a reversal of what we had been seeing in the past two weeks or so. yields are stable at 1.56. the money has poured into stocks instead. >> we are still near record highs despite that nine-day winning streak. we're taking some of those queues from modest stability in european stocks. if you take a look at major markets in europe, the german dax. the ftse 100 in the uk same story there.

wilfred frost has the results. >> it was as expected.io, the crucial measure, going to negative 2.5%. in the adverse scenario. so quite extraordinary how poor their capital position was and that's why there's been this pressure to secure the private bailout which they did do earlier today and confirmed by the ecb and the board of bmps. if they hadn't, we would be see all hell break loose on the stock and probably other italian banks, too. uni credit didn't do particularly well. fourth worst and 7.1% and not a terrible position. below 8% as a leeway area and not the 5.5% which used to be the barrier of a pass/fail mark. who deteriorated the worst from the starting point to the adverse scenario, after bmps, allied irish. they were on 4.3% and not very good and not a huge bank in that sense. rbs and barclays, they saw big deterioration of standard positioning to the adverse scenario being applied ending up on around 8% and 7% respectively. so not fantastic. but again. that's the adverse scenario. bmps worst and then austria, spain, uni cred

wilfred frost is looking at the bounceback of uk's top stock index. that doesn't tell the whole story. kate, let's start with you. these real estate funds getting slammed. >> absolutely, michelle. seven british real estate funds have now suspendsed investor cash redemptions in the wake of brexit, citing ill liquidity or difficulty selling their assets to return those funds to investors in a timely manner. the real estate funds in question are run by the likes of standard life insurance, which was the first to take action on monday. henderson global investors and aberdeen asset management. together they control billions of pounds in commercial real estate investments that include office towers, malls and other properties that can be very tough to sell on short notice, even in better times. morgan stanley analysts estimate that real estate accounts for up to 5% of the assets in the uk mutual fund industry overall. so not a huge proportion, but a significant one. the property funds have come under pressure since the surprise outcome of the brexit vote tw

i'm wilfred frost

wilfred frost the here to tell us what to expect. >> i've made it. i hope i can come over there for the rest of the show. >> you are. you have to sit in andrew's chair though. >> sounds good. conversations on various trading floors, helps us uncover insights. insights that help investors predict market closes, well before markets close. you know, your analysis has helped us improve our predictive accuracy by over 500%. 550.2, to be precise, but we can always do better. i like your attitude watson. . . . >>> writ ibritish companies are becoming more pessimistic over the brexit leave. by the end of last week, the ftse was at the best level since when? >> ten-month high. >> the old tie high? >> up again today. the pound is falling. if you look, the pound has been the great gauge of uk-related brexit fallout that has hit another 31-year low. >> this is going to usher in a recession for the uk. why does that make sense when the pound is so much cheaper? now, your saying it is obvious why it is happening. >> it is good fort ftse 100, which has a lot of int

>> all right, wilfred, thanks. watch back here that we're looking at, in line quarter for ups, earning 1.43, matching revenue slightly above forecast. company says one significant drag on revenue growth came from lower surcharge rates on fuel. abbvie, 6 cents above wall street revenue and raised its full year guidance, results driven by 17% jump in sales of humira rheumatoid arthritis drug. >> let's talk a little politics. the political events are now behind us and debates are a few weeks away as we begin to ask which candidate is best for the u.s. economy. the business round table warns ceo members are concerned that neerng candidate shares views on trade. john engler, good morning to you. >> good morning. >> you heard hillary clinton last night, just want your first impressions on comments she made both around business, talked about tax inversions and talked about a big stimulus plan she wants to pursue in the first 100 days. >> i think the good news is the inf infrastructure agenda that mrs. clinton and mr. trum

wilfred. very frustrating for me, guys, because remember i said we're going to test the counter factual. we got back 90% nothing happened, but now we may not have tested the counter factual because they may not do it. it may not be we looked into the abyss. it might not happen. the people who say it might not ever happen is the people who say it's never going to ever happen. >> there's no way to test a counter factual. >> still clinging to the viewpoint they had. can't let it go. i need a vacation. >> you reminds me of someone else when you talk. >> i need a vacation. >> you just got back. >> it wasn't long enough. it was a day. >> it's not a vacation. i needed a self driving car. anyway, let's talk about what's ahead in in the seconds half for the market. joining us now, eric. i would go with newtsen. >> he is head of investment strategy at proshare. both of you gentleman, and eric, i'll ask you first, was the initial whatever it was, whatever we lost, 900 points, was that the wrong move or i

exclusive with our wilfred frost. ♪ using 60,000 points from my chase ink card i bought all the framework... and plants needed to give my shop... a face... no one will forget. see what the power of points can do for your business. learn more at chase.com/ink see what the power of points can do for your business. real is touching a ray. amazing is moving like one. real is making new friends. amazing is getting this close. real is an animal rescue. amazing is over twenty-seven thousand of them. there's only one place where real and amazing live. book a seaworld vacation package and eat free. an ordinary experience into an extraordinary one. get great offers at the lexus golden opportunity sales event. lease the 2016 es 350 for $329 a month for 36 months and we'll make your first month's payment. see your lexus dealer. hey kevin. hey, fancy seeing you here. uh, i live right over there actually. you've been to my place. no, i wasn't...oh look, you dropped something. it's your resume with a 20 dollar bill taped to it. that's weird. you want to work for ge too. hahaha, what? well we're always l

seems she's already made a couple of appointments, wilfred. >> of course the headline is that the bounce back kid boris johnson has got a significant role just two weeks ago his career in dire straits and yet he just secured one of the major roles of state here in the uk. foreign secretary when not even a significant role at all was expected for him. extraordinary stuff once again here in british politics. now of course he is a colorful character as we know and already the u.s. state department made a mention of him saying they are looking forward to working with him. now the other big role of course is that of chance chancellor, g phillip hammond. he was touted to get the role and he has got it. the outgoing chancellor george osbourne had been expected to secure a significant role but no role at all for him. so a big surprise is boris johnson as foreign secretary, perhaps boldest move by the new prime minister is no role at all for george osbourne. that will please the back benchers and brexit eers. the other thing that will please the brexiteers, is two former positions, they will toge

speaking of wall street, ahead on monday, wilfred frost has an exclusive interview with j.p.organ chairman and ceo jammie dimon. >>> still to come, is there a doctor in the house? not literally, but we need one for the stock market because the biotech stock down 70%. it is your disaster du jour. we'll tell you who and why coming up. americans are buying more and more of everything online. and so many businesses rely on the united states postal service to get it there. because when you ship with us, your business becomes our business. that's why we make more ecommerce deliveries to homes than anyone else in the country. the united states postal service. priority: you (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. >>> yeah, time now for your disaster du jour. this is one of the biggest ones we have seen in a long time. look at shares of seres therap