wilfred, i understand you have a question. >> i do.anted to come back to a position very crucial in the race where is whethmr. macron s 46%, 47% of people voted for candidate s aren't favorable towards the eu. does that suggest to you that the eu needs s ts to wake up a reform? >> wilfred it needs to be from the president macron. he's said that. he's first international trip will be probably for germany. he wants to go to germany. yesterday, he wanted to speak first to the german chancellor angela merkel. he wants to reform europe. but to reform europe, he also wants to reform france. it's important for strong europe. and that's, going to be what he needs. he wants to do the convention in europe. he wants to strengthen a partnership, all the european partners, regarding -- regarding defense and the fight against terrorism. he was the only candidate for an advocate. and that's going to be between the french and european president. >> he's got a domestic agenda and international agenda. thank you for joining us. we appreciate it. >> mich

it's just a sign of the times, wilfred. goes on to say that quantitative hedge funds responsible for 27% of stock trades which i thought was a huge remark. i had no ready how much quant funds are dominating. >>> we're approaching the top of the hour. of course, we'll bring you those live pictures in tel aviv where the president is due to begin speaking. also due to begin speaking is the "squawk box" team. joe kernin joins us live from new york. they will be joined with someone who is with the president in the region. joe, good morning. >> secretary ross will be here. we'll talk about the deals that were signed. the markets, i guess, turned around, indicate a little lower. but you have to think somewhat impressed by the resiliency last week, after that big down day, when the markets, i guess, kind of looked into the abyss. of what's possible. not sure what they saw or whether someone turned on the light and said don't be that afraid. pretty good rebound. especially on friday. so, we will talk to katie sadler. i like talking

we're very jealous of him. >> wilfred, are you really wilfred?e's willem. >> no, mine is a soft "w." >> very, very confused. you know what? it's supposed to be dry tomorrow. it might even be warm tomorrow. that's what i was thinking, what do i promo in the show? i'm pro mowpromoing spring some. >> i'm flying west coast to make sure i get good weather. >> official kickoff of summer this weekend. >> it's taking its time. >> we had that one day when it was 100 degrees. the markets what about it, huh? we had that one day where we thought the vix might stir a bit, then that was that. now we've had some nice action for the bulls. we have terranova here. he likes talking about the vix. i think you still feel okay about this market, don't you? definitely feels okay. we'll trot out the normal number of analysts that have missed this rally and are saying we're at the high end of the range that they didn't call in the first place. i like that. we're at the high end of the range, but they didn't think we would be anywhere near this range. i don't know. we'll

i'm wilfred frost along with seema mody.es at this hour called higher, 40 points or so for the dow. with us is michelle girard from natwest markets. good morning to you. >> good morning. >> thank you for joining us. how important is it that we round off this week without further declines? >> i tell you, it would be encouraging. what's unsettling is the volatility in the marketplace. then it has a tendency to feed on itself. then everybody brings it back around in terms of does the volatility in the markets turn into something more fundamental in nature? does it undermine confidence. does that feed into economic slowing. it's raised all sorts of questions about what we'll be doing for the fed if we can find our footing, if this ends up to be just sort of short-term volatility, we can quickly stabilize, move forward. >> one eye on washington. the other on wall street. do you think the recent burst of risk aversion, does that negate the bullish narrative that we're seeing play out in earnings season? >> i don't -- in general, i

. >> i'm wilfred frost. good morning to you from me as well.reat to hear coldplay as we come in. >> i thought you were going to say great news cycle. means we can't sleep. >> that, too. >> one of your favorites. >> i'm booked to see them in los angeles in october. >> better than elton john. right to the markets this morning. we are starting to see a reaction to what is happening in washington. we're off the worst levels of the session, but check out dow futures, pointing to a lower open by 95 points. about an hour ago that was more than a triple digit decline. saw that action overnight. s&p futures down 13. nasdaq down 22. also saw a reaction in the u.s. dollar. so let's go there. as for the dollar, weaker across the board against the euro saw that on yesterday's controversy. seeing a material weakness against the yen. more than half a percent move there. 112.50. there is flight to safety. buying of yen, gold, treasuries. the dollar index taking a dip on the headlines of this comey mem mochl the dollar at a six-month low, 1.1089. as for the ten

i'm wilfred frost. >> and i'm susan li in for sara eisen here today.you're feeling well. >> happy monday as well. and this morning, coming off slight declines, 2%. a couple thrown in over the course of the week, dow up 1.9%. the s&p up 1.5%. the big story last week was strong performance in tech. and the tech up. intel declined sharply on the back end of the week. and the other big story was that oil was slipping in the energy sector there, underperformed, albeit bounced on friday with chevron meet expectations. the dow called higher, 30 points. s&p, four points, nasdaq up 2%. the others up also about 1%. european markets closed across the board for may day, also a lot of markets closed. but the big ones that are open, we saw about half percent of gains for japan and australia. we did get pmi which fell to 51.8. >>> and more services oriented it makes you wonder whether or not pmi numbers matter anymore, right? >> matter -- they still matter, of course, but matter less, the manufacturing portion declines but still heavily the manufacturing base, consum

>> good morning, wilfred.resident trump has in the past called brussels a hell hole and called nato obsolete, but that has not stopped the president from proposing an additional 4 $1.4 billions to a european reassurance fund. we will see the president not just with european leaders but also nato leaders. one awkward potential meeting is that meeting with theresa may, the british prime minister. we've seen the uk coming out and saying they're not going to be sharing intelligence with u.s. officials going forward surrounding the manchester bombing. let's listen in to what the nato secretary-general told me earlier. >> intelligence is of great importance for nate to we are stepping up our efforts and our work when it comes to sharing intelligence. we just established a new intelligence division at headquarter headquarters so we can better analyze, understand, and share intelligence. >> on the agenda today is intelligence sharing. it will also be focusing on getting all of the nato member states to pony up when it

i'm sara eisen here with wilfred frost. 1/2 hours to go before the opening bell on wall street. futures are mixed. with us now to get you set up for the week ahead, jonathan golub from rbc capital markets. good morning. >> hi, sara. >> it feels like with the lack of news on earnings and specifics on economic data the path of least resistance is higher for this market. why are the bulls in charge? >> the underlying data is good. like you say, it's been a quiet period but we will start to see another jobs report, which is likely to be good. the manufacturing data, the ism which comes out at the beginning of the month will be things that the market focuses on. you've had solid earnings, recessionary risks are super low. the fed is moving forward, but it's not going to shock the market with whatever they do. june is a done deal. i think grinding higher on low volatility. >> why then is the bond market have a yield curve that's low and flat given the rising rate environment and suggesting bearish outlook on the economy? >> you k

i'm wilfred frost. along with seema mody.appening now, the world's most powerful finance officials are in italy for the g-7 meeting. yla nsh yla nshn mui has more. >> the meeting is underway in an 11th century castle in bari, italy. steve mnuchin joined the conference just about an hour ago. as he walked inside, i asked how he planned to defend the administration's america first trade policies. >> we're excited about u.s. trade policies. i think you saw last night we made an announcement of 100-day economic plan with the chinese. >> he was speaking about an agreement between the u.s. and china that was announced today to increase market access in areas like agricultural products and financial services. now, trade is not officially on the agenda here in bari, but the issue is likely to come up during the one-on-one bilateral meetings between treasury sec d secretary steve mnuchin and other finance ministers. he is scheduled to meet today with japan's aso and germany's wolfgang schauble. i asked schauble what his message might

i'm wilfred frost along with sara eisen.ws, chinese companies invested a record $46 billion in the u.s. last year. that number could grow as china looks to up its manufacturing capabilities in the united states. can chinese companies really save mron by poney by producing america? eunice yoon has more. good morning to you. >> reporter: good morning. i think the answer would be yes. president trump has said that he wants the u.s. to become much more competitive and in the conversation i've been having here with a lot of chinese executives t turns out they believe the u.s. is competitive as it is. now speaking to one textile manufacturing, a company called kier, they're investing 2$228 million into a facility in south carolina. when i spoke to the company boss, he said he's hoping that eventually he wants to move everything over to the united states. why? he says his costs are just so much cheaper. he said in the u.s. his costs are 25% cheaper than in china. i spoke to one analyst who told me he believed this trend would only

. >> i'm mike santoli in for wilfred frost today. >>> u.s. equity futures are under a bit of selling pressure. did see a turn in futures when this news crossed last night that fbi director james comey would be fired by president trump. we'll talk about the implications for investor confidence. for now dow futures are down 55 points. s&p futures down 4. the nasdaq down 4 as well. as for the action overnight in asia. hong kong continues to be a stand out. that index is at the highest level since 2015. it was a strong close for hong kong up a half percent. shanghai comp, the main index in china continues to get under pressure. down a percent. it is now at the lowest level since back in october. as for the early action in europe, legts sht's show you wh going on. some weakness but fractional moves. the german dax unchanged. ftse 100 in the uk is positive. weakness in italy. >>> look at the broader markets, a slightly risk-off response. the ten-year note. that yield yesterday hit a six-week high. the highest level of 2.4% since march 31st. it's ba

. >> i'm wilfred frost. it is new music friday.his is the latest from justin bieber, lil' wayne. >> it is jobs friday. u.s. equity futures right now are pointing to a mixed open. the dow futures are down about 16 points. s&p futures are up 1. nasdaq futures are up 4. oil is the big story. that tumble yesterday to the lowest level since november caught everyone and moved the market. wti is back above $45 a barrel. 45.70. getting a bit of a boost this morning. we'll see if that holds. there's been a pattern lately where the early morning, this time of morning bounce disappears by midday. brent crude, 48.72. nat gas, $3.21. we'll watch this and the spillover effect on other commodities like gold, copper and iron ore. >> the real takeaway, despite this fall in various commodities, earnings good enough to keep markets in positive territory. we have the nasdaq up a half percent, the dow and s&p also in positive territory, coming off the back of a fantastic week last week. again, resilience and strong performances. let's look around the r

. >> i'm wilfred frost. it's throwback thursday.hrowing it back with this 1999 hit, "blue." >> did this make it to the uk? >> it did. >> not sure how many other songs by the group did. >> this sounds very europe. >> it does sound like german te techno music. >> let's check in on the global markets. dow futures are up 14. s&p is up 4. nasdaq up 1.5. this after the worst day for the s&p and dow since september, worst day for the nasdaq since june 24th of last year. that was the brexit day we action. broad based. financials took it the hardest. the ten-year treasury note yield yesterday slipping to a one-month low. that was why financials were some of the hardest hit names yesterday. there we sit at 2.21 on the ten-year. little changed this morning. >> a big move yesterday. equities a focal point. we sat here yesterday and said so far it's only been the dollar that's reacted to the prior ten days of political movement. yesterday clear reaction in equities and the bond market. let's look at what's happening around the rest of the world

edmund will play eitherjo—wilfred tsonga or renzo 0livo in round two. world number 109 sue—way—shay in the first round of the french open. the seventh seed took the first set 6—1 with her power too much for her opponent, but the match swung around with konta eventually on the losing side and is still yet to win in the main draw at roland garros after three successive first—round losses. former world number one tiger woods his arrest yesterday for ‘driving under the influence‘ was not alcohol related. reports in the us media suggest woods was found "asleep at the wheel" with the engine running when he was arrested. the 1a time grand slam champion blamed "an unexpected reaction to prescribed medication". he is currently recovering from a fourth operation on his back. norway and lyon striker arda hegerberg has been crowned the bbc women‘s footballer of the year 2017. she was surprised by her sister andrine, a midfielderfor birmingham city in front of her lyon teammates in france. they are are hoping to win successive trebles when they face paris st germain

wilfred frost is off for the morning.reaking nows out of manchester, england where a suicide bomber struck an ariana grande concert overnight. live report from the uk in a moment. first we want to check in on the markets. futures were soft overnight. they have turned around and are indicating a higher open building on a strong day yesterday for stocks. the s&p rose a half percent. futures are up 5 points. dow futures are up 46. nasdaq futures are up 10. we could see another record high from the s&p. we climbed back from that big wednesday selloff and are within a half percent of record levels. early action in europe, very strong as well. a bit of a turnaround from earlier. german dax is up. strength in markets like france, italy and spain. did get better manufacturing numbers out of europe and some better german business confidence numbers. one place where you are seeing the selling is the british pound. it is weaker against the dollar. weakness overnight has come back a little bit this morning. the currency pair is almos

i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well.articularly to the present, if you're waking up, mr. president, please clarify the tweet. >> already more than 122,000 retweets. let's check in on the global markets. on this final trading day of the month of may, another positive one for u.s. stocks, peshs lesp the nasdaq. dow futures are down abo about points. s&p futures barely positive. nasdaq futures up 2 1/2 points. as for overnight action in asia, shanghai getting a lift after china manufacturing pmi came in better than feared. there was a lot of concern about china's economy, global pmis starting to peak. we did get a number that it was above 51 signaling an expansion in manufacturering theing there better than estimates for may. just around the same level as april. >> 51.2. >> shanghai comp closing up a quarter of a percent. early action in europe right now, let's show you what the trade is now. the german dax is barely positive to little changed. france goes the other way. ftse 100 keying off that higher -- or that weaker bri

. >> and i'm wilfred profit.ery good morning from me as well. >>> let's check the markets, low volatility. little action. the dow and s&p closed lower for the week. the nasdaq marching to its own beat closed higher for a fourth week in a row. dow futures up 40 points. s&p points up 4, nasdaq futures up 6. retail earnings are going to be dominant as they were last week. looking for results from walmart, home depot and more. going straight there to show you the big boost. wti 2.6% higher. present is above 52 this morning. 52.15 up 2.5%. as i mentioned on the energy minister comments. nat gas up by a percent. >> and last week helping the market up 3% breaking the three-week losing streak. so perhaps that's a sign to spur the market this week. asian markets, hong kong, up. and the industrial production and fixed investment, both significantly rising but significantly below estimates. the ftse was the outperformer, 2%. germany slightly higher, france slightly low. we have seen both germany and the ftse 100 hit record

i'm sara eisen. >> i'm wilfred frost. good morning to you from me as well. welcome back. >> thank you. good to be back for the rest of the week. let's check in on the markets. the nasdaq closed at a record high yesterday. >> only a tiny bit. >> correct, but still. >> lagged the dow for once. >> the resilience of this market is remarkable. s&p futures down almost 5. nasdaq futures down 17. the stock of the morning and weight on the market is apple. shares slipping after iphone sales declined in the most recent quarter, falling short of wall street expectations. the company giving weaker current quarter revenue guidance. lots more on results in just a moment. >> did you see china growth as well that slipped. >>> asian equities, japan, south korea and hong kong closed for public holidays. >> golden week holiday, right? >> extended golden week. there we go. either way, what is open, you can see down is australia. the ftse straits times in indonesia is up three quarters of a percent. a look at european trade which is negative today. we've been up quite nicely ove

. >> i'm wilfred frost.ood morning to you from me as well. >> let's check in on the markets after another record close for the s&p and nasdaq. got a half percent gain for stocks yesterday. breaking out of that dreade dreaded 0.2% move. let's show you where we are this morning. dow futures down a point. s&p futures down 1.5. nasdaq futures remain strong as the nasdaq continues its outperformance. it's coming off of four straight weeks in gains. the s&p and dow broke their winning streak last week. the dollar is the mover last night. this is where we saw reaction to the report from the "washington post" and the "new york times" that the president shared some highly sensitive intelligence data with the russians. you saw the dollar weaken sharply. the biggest move was against the euro. it soared to 110.41. the dollar wiped out all of its post election gains. the dollar shot up on this idea of all of his pro growth policies and confidence, it wiped all of that out this morning. the dollar weaker against the yen a

. >> i'm wilfred frost. good morning to you from me as well. >> good thing you came back for throwback thursday. >> main reason i'm here what is it today? throwing it back to songs from the best movie soundtrack. a bit of the bee gees. >> i thought you would be holding out for something different. >>> u.s. equity futures after a m mini move yesterday are soft this morning. dow futures down 19. dow underperformed yesterday thanks to disney shares and earnings there. s&p down 3, nasdaq down 8. ten-year treasury note yield, yields pulled back yet, 2.40, bang-on 2.40 for the ten-year yield. maybe a bit of buying. we'll see what the mood is like. >> the yield ticked up over the course of the week. started around 2.33. >> new zealand's central bank holding interest rates steady. that was slightly unexpected to see the kiwi fall a bit. markets across asia, slight gains. a third of a percent for japan and shanghai. hong kong up a half percent. we have seen softness in iron ore and coal prices come through which hurt

i'm wilfred frost. >> i'm seema mody in for sara eisen today. good morning. get straight to the global market action. yesterday the dow lost about 27 points. s&p 500 was flat. tech continues to be in the spotlight. the nasdaq hitting another record high here looking at futures. we're higher across the board. the dow jones up 19 points in premarket trade. nasdaq up nine. s&p 500 up by 2. all of this ahead of key earnings today. apple is the big one to watch, which typically hits the tape around afternoon. spring is the time that apple typically reports earnings. a dividend typically announced. shares of the big tech heavyweight up 25% already this year, playing a big part of the nasdaq's outperformance. in asia overnight, australia's central bank leaving rates unchanged. in china, a private survey showing growth in the factory sector slowing to the weakest pace in seven months. shanghai composite off by 11 points on the day. >> looking at europe, stocks in europe faring mostly well. we're higher by 0.3% in france. ahead of the second round of the presidential

i'm mike santoli today in for wilfred frost. >> let's get to the markets.lad to have you today. >> a lot going on. >> u.s. equity futures after a record close did not take much yesterday, but the s&p and nasdaq finished at record levels. dow futures are looking up more than 10 points this early morning. s&p futures up a half point. nasdaq futures up almost 2. as for the ten-year treasury note yield. yields ticked a bit higher that boosted the dollar a bit. still we're hovering below 2.40 on the ten-year. i guess that's an improvement from the 2.30 level from last week. >> it's grinding slowly higher like the equity markets. asian equities overnight, generally a mixed picture. we have the markets in south korea closed as they elect a new president. japan was down, hang seng was up. the korean vote comes after the former leader was ousted on briarry charges. polls close there at 7:00 a.m. eastern time, in a couple hours. a live report in a few minutes. >> we have a chart issue. why don't we have our markets closed on election day. >> very good point. >> would

i'm wilfred frost. good morning to you from me as well. it's throwback thursday.n honor of facebook's latest results, we're throwing it back with the most liked singers on theocial site. >> good theme. i don't know who this is. do you? >> no. selena gomez i'm told. >> most of the averages yesterday ended little changed after the fed -- pointing to a higher start this morning. s&p futures up 4. dow futures up 33. and nasdaq futures are up 3. the big stock to watch today will be facebook. shares under pressure, this despite a much better than expected 77% increase in earnings. results were once again driven by strong growth in the mobile ad business. but analysts say investors are worried about whether the company can keep up the growth. company warning again about that. much more on facebook when we speak to gene munster. >> a look at the global market picture. first japan closed for greenery day holiday. other asian markets, seeing red on the screens of hong kong and shanghai, down about a quarter percent. european borses looking good. for the week so far coming i

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i'm wilfred frost. the longest winning streak for the dow and s&p since february. the dow up about 0.2% as is the nasdaq, the s&p just behind that. materials and utilities leading the gains while telecomes and financials the worst performers. intuit, mattel and nrg energy better than expected earnings. dupont is leading the dow on news there are changes to the dow/dupont post merger plan. and ge around session lows following the presentation by the ceo jeff immelt, worried about the neglect it tiative im an accounting change. >>> here is what else is happening this hour. five house democrats are asking deutsche bank for information on president trump's alleged russian tries. maxine waters and four others on the house financial services committee want to see any information the german bank may have on dealings the trump administration had with it. the nba says it will play the 2019 all-star game in charlotte, north carolina. this comes after the league moved this year's game away to protest. and tensions remain high, the uk raising its it terror level to critical, t

wilfred frost?rges comes from the opposite party of nicolas maduro has criticized after the company bought distressed debt of the state owned oil company president letter accuses of goldman sachs are making a quick buck off the offering of the venezuelan people suggesting the purchase was akin to helping to prop up the maduro regime and saying a future government should not honor the interest payment. goldman sachs bought $865 million of the bonds first issued in 2014 at 31 cents on the dollar. the company stated they had bought them on the secondary market from a broker and did not interat with the venezuelan government and added we we can life there can get better and we made the investment in because because we believe it will. the bond were being held by the venezuelan central bank at the point of purchase, something gaxz had not been aware of and likely played into the reaction by the opposition poll significance borges who implied it benefit the maduro machine. it is small relative to goldman

anyway, i guess i could do that, our wilfred frost is my other choice. >> thanks for having me. >> when we return, jim cramer live from the new york stock exchange. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced, our senses awake, our hearts racing as one. i know this is sudden, but they say: if you love something... set it free. see you around, giulia ♪ we cut the price of trades to give investors even more value. and at $4.95, you can trade with a clear advantage. fidelity, where smarter investors will always be. and at $4.95, you can trade with a clear advantage. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and generating income. that's real etf innovation. flexshares. built by investors, for investors. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. >>> welcome back. let's get d

wilfred frost happens to be a fusion guy.attery inside the razor. so -- >> brian says no battery with water. >> somebody tweeted me with that. maybe it's his alias. he shaves once a month so how much razor burn can there be? love you, wilf. love the hair. >> much of the morning we have seen some pressure on the futures at least for the dow and the s&p. right now, s&p down by one. dow down by 38. nasdaq up by one. brian, thank you very much for being with us today. folks join us tomorrow. right now, it's time for "squawk on the street." ♪ ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. the question of the morning for stocks -- does jim comey's firing throw a wrench into the market's policy expectations as investors brace for weeks, maybe months of fallout on capitol hill. futures are lower. europe is mixed this morning. bonds did settle back a bit. and oil is up on the inventory draw and more numbers will come in today. our roa

can't be too rude about that. >> it was his father, the reverend wilfred pair are dime -- >> it's notthe first to have it and it's carried on. >> you are so british. >> i knew you were going to say that. >> a revelation by joe kernen. >> wow. >> and we're so not. anyway -- >> true. >> i'm definitely not. coming up "washington post" report claiming the president revealed classified information to russian officials in the oval office has a beltway buzzing this morning. we'll speak to a former cia official and co-founder of the chertoff group chad sweet. and later medicine and your health care coverage with ceo of the permanente medical group. he's out with a new book on the topic. you're watching "squawk box" on cnbc. ♪ it's been over 100 years since the first stock index was created, as a benchmark for average. yet a lot of people still build portfolios with strategies that just track the benchmarks. but investing isn't about achieving average. it's about achieving goals. and invesco believes doing that today requires the art and expertise of high-conviction investing. translation? why

i'm wilfred frost. good morning to you from me a

. >> i'm wilfred frost. good morning to you from me as well. welcome back. >> thank you. good to be

wilfred frost has been following the money. we know how closely you cover the financials and i know that you have some good sourcing on what's going on and certainly, around ceo. is he -- is he in trouble? >> well, he's under pressure at the moment because of his investigation for his decision to try and source and find out who a whistleblower was. it will come to a head next week on wednesday when he will place his vote on the board. not his role as ceo. in terms of my sourcing on this, i think he's got confidence that the vote next week and the shareholders will back hoom. the question for his position which is really a few months away and the pea decide to do i think chairman john mcfar land will listen to what those regulations say. the other points on this note the common factor ts come out with the downgrading. on the capital fight, it's downgrading. they mention the ring fencing to operate investment bank in so many different areas. they're saying the capital they have to build up is three separate different pops and t y

i'm wilfred frost.

i'm melissa lee along with joe kernen and wilfred frost. a check on the futures market. we're looking at a lower one although futures have improved just a touch over the past hour or so. s&p looking to lose about 11 points at the open. dow looking to lose about 84. nasdaq looking to be down about 20 points. we did see an improvement once target reported that stock is higher on the back of better than expected first quarter earnings, second quarter guidance in line with what analysts were expecting. the oil markets reacting initially, to api data. although we're seeing a bit higher for both wti and brent. brent is up about half a percent. we're getting eia later today. the 10-year note, bid for safety so we're seeing yields down this morning, 2.292% and that is the lowest level since the beginning of the month or so. the dollar, this is an interesting one, has lost all of its post-election gain. so we are seeing -- we are seeing the euro higher against the dollar here, so bits of the euro. and take a look at the vix. this is really the start

and then in the afternoon you'll want to see wilfred frost interview with lloyd blankfein. cnbc tomorrow. when we come back, mr. buffett back in the house. back in a moment. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. the shlike a bald penguin. how do i look? [ laughing ] show me the billboard music awards. show me top artist. show me the top hot 100 artist. they give awards for being hot and 100 years old? we'll take 2! [ laughing ] xfinity x1 gives you exclusive access to the best of the billboard music awards just by using your voice. the billboard music awards. sunday, may 21st eight seven central only on abc. >> welcome back to "squawk box" everyone. we are live in omaha, nebraska, with berkshire hathaway's chairman an

committee report has said can create a high—stakes environment, damaging to students and teachers. ..by wilfredir test. it is a good school in a challenging area of london. the reality is children at the age of ten or 11 are going to do an hour's test, which will evaluate their reading for four years. it is a very high—stakes hour. for us, as a school, it is high stakes too, because it is how it is rated. as an alternative, a rolling three—year average has been proposed. 0fsted said it already looks for a broad curriculum. the department for education has said it will consider the report and respond in due course. marc ashdown, bbc news. at least nine people are now confirmed to have died as tornados hit the us state of texas over the weekend. more than 50 people in hospital according to local authorities. the american midwest has been struck by an intensive weather system that has caused damage across several states, including neighbouring missouri and oklahoma, which are now in a state of emergency. a chance discovery by a preschool child has saved a family of owls. three large eggs were foun

>> wilfred. lucky to have you here, just in time. >> just in the nick of time.ot off an exclusive interview with brian moynihan. i'm in for bill griffeth. today, stocks rebound, and in 45 minutes, president trump is expected to give a news

>> wilfred. lucky to have you here, just in time. >> just in the nick of time.eads of sweat running down. >> hot off an exclusive interview with brian moynihan. i'm in for bill griffeth. today, stocks rebound, and in 45 minutes, president trump is expected to give a news conference with the president of colombia where he will likely field questions about the russia investigation. that's live as soon as it begins. >> now, my exclusive interview with bank of america ceo, find out what brian moynihan of 21st century glass stegal may not be as bad. that's coming up. >> unrolling net neutrality rules, the michael powell tells us why this is the right move in a first on cnbc interview. but, we begin with a very good exchange between steven mnuchin. ylan has the story. >> reporter: it was testy. this was mnuchin mnuch's first testifying. most of the conversation was focused on financial regulation. it is also met he has to face senator warren. now, mnuchin said in the testimony that he does not support a return to glass-steagall saying that that would cause significant

. >> the deal that wilfred frost was talking about.some banking implications mostly from mastercard and visa. and the agriculture. it was the china deal announced. really out of nowhere. and worth the -- worthy of our attention because that's kind of a deal which says you know what? would anyone think that would be the first big deal out of the chute? i mean, visa and mastercard have been trying to get a little help there. al kelley was on visa saying this could happen. i know that things are going to get stronger. but it was rather amazing to kind of hear the cordiality in the country that was regarded as being a rogue to being a country that we made a deal with. i mean, i was kind of -- a lot of surprises from the administration. >> yeah. that deal is going to have access for the banks and the exports of the beef and chicken to china. >> this is real news. >> yes. >> that cap -- for real. this is anthony noto's greatest deal. anthony noto, the coo of twitter. i say, doesn't potus help you? he won't go there. i like he doesn't go ther

. >> wilfred frost to his credit at 5:00 brought out the question of if you're in one of these -- ifou're in a committee that helps with the president, you have done well. just pointed out -- >> except for fields. >> except for fields. >> wow. >> he was in every one of the shots. >> man -- >> he was living at the white house. so was mary barros. >> what are you implying? >> every time we'd go there, there was fields. plenty of time on his hands now. >> it's hit or miss. maybe some retailers need to be in there. >> we'll talk about barron's had an interesting take on retail over the weekend. as regards to the studies though, we have the reports that the saudi energy minister is flying to baghdad now to try to save the cuts. the iraqis want six months, the saudis want nine months extension. is that why oil is trying to get to $51? >> yeah. what the saudis should do, fly to the permian and speak to some of the permian producers about shutting down. because they're just pumping and pumping and pumping. and they're making up for everybody. you really need nigeria to shut down, because lib

on power lunch today, wilfred frost will be sitting down with lloyd blankfein. blankfein. blankfein. hey. pass please. i'm here to fix the elevator. nothing's wrong with the elevator. right. but you want to fix it. right. so who sent you? new guy. what new guy? watson. my analysis of sensor and maintenance data indicates elevator 3 will malfunction in 2 days. there you go. you still need a pass. the power of a low volatility investing approach. the power of smart beta. power your client's portfolio with powershares. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco distributors inc. a used car,g this information. read it carefully. if you want to stay on top of your health, one simple thing to do -- is take the pledge to go and get screened for the cancers that might affect you. so stand up to cancer and take the pledge at getscreenednow.org it only takes a minute to take care of yourself, and nothing rhymes with "org"... ♪ >>>