i am wilfred frost. >> i am courtney reagan.t is your birthday and sara eisen's birthday. >> bill griffin's as well. >> that's cool what a day, august 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 infringe

i am wilfred frost with seema mody authorities brace for more rain from hurricane harvey. the coastal area of texas is already experiencing widespread flooding prompting more than a thousand rescues in the wake of the storm. about 250 roads and highways have been closed, while harvey has been downgraded to a tropical storm, still remains a danger causing devastating floods and gas prices are up by 4%, wti crude prices down by 1%. >>> to talk more about the economic impact of hurricane harvey, bring in michael brown, economist at wells fargo securities michael, good morning to you about 17% of crude production i believe comes from this gulf region help us understand how this storm will impact not just oil prices but also the refinery situation as well. >> well, you know, the big challenge is when you take a step back and look at the inflation that's created by some of the refining capacity coming off line the potential and question is how long will this refinery capacity be down inflation effects if they are persistent could certainly have an adverse impact on things like c

i'm wilfred frost. >> i'm contessa brewer in for sara eisen the jackpot is enough money not to convincee to quit working, but 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 g

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

i'm wilfred frost. let's check in on the global market picture futures are a bit down today after we saw fractional gains yesterday. a little bit of a pull back today. less than in the european markets. nasdaq down by 11 points dow 6, s&p by 2. the fed minutes yesterday seen as a bit dovish, but at the margin it seems like there's a commitment to the normalization of policy, albeit perhaps rate hikes there remains division on. ten-year treasury note, a bit of slippage yield to 2.24% around that level again. yields came off a bit because of the dovishness of the minutes and those political issues >> global bonds rising today as for the action in asia overnight, let's show you what happened after wall street lost much of its earlier rally. japan closed in the red fractionally hong kong down a quarter percent. shanghai comp and kospi in korea continue their comebacks from last week. as for the early action in europe this morning, just let us show you what we're seeing red across the board declines of 0.3%

i'm wilfred frost. >> 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

last night wilfred frost asked incoming chair elizabeth duke whether she was confident the bank's recent turmoil was over she said it's hard to say but what we're finding is the better we get at digging deeper and looking at various processes the better we get at risk management, the more issues we might identify overtime the new information revealed will lessen, but it's not the time to say we've found everything and it's all behind us a lot of people reading into that, that that means there's more to come re/code reporting early uber investor calling on benchmark capital to leave uber's board. pishevar is accused of working with another major investor to remove kalanick and huffington from the board

our contessa brewer has more on that story contessa >> reporter: wilfred, paypal, godaddy, those are just some of the companies who grabbed headlines for ending service to alt-right groups daily stormer is well-known in alt-right circles. it participated in the charlottesville rally setting up the hate ban as the alternative to uber. its web host godaddy prompted and ended the service. google did the same thing. today daily stormer moved to a russian domain when youtube changed the compensation structure, many went to patreon in order to get paid this summer patreon kicked off lauren sumner. enter patreon who specializes in controversial offerings and then get paid for it. counter.fund will provide an intermediary to paypal credit

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 wilfred frost along with courtney reagan.for our must-read stories my pick is in "usa today." "donald trump's new american strategy for afghanistan will undo past failures qu i focused on the elevated rhetoric about pakistan. mike pence writing pakistan like afghanistan is a haven for terrorist activity between the two countries, no fewer than 20 u.s. designated foreign terrorist organizations have haven and conduct operations the highest concentration of any region in the world. pakistan too often turns a blind eye to the cancer of terrorism and in many cases pakistan contributed to the growth of terrorist groups very strong rhetoric towards pakistan for the president and vice president i'm sure heads will be currented in islamabad and the other thing we mentioned is the relationship building between india and the united states. >>> my pick is from the "wall street journal." it's titled "the navy's mccain moment." it talks about the increasing number of navy incidents the collision of the "uss john s. mccain" is the fourth t

. >> 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'm sara eisen >> i'm dominic chu in for wilfred frost.lways nice to wake up to a little carlos santana. >> we always have a good soundtrack on "worldwide exchange" to get you going let's check out the global markets. the dow closed at its 31st record high of 2017 yesterday. the gape gains are set to conte thanks to apple. dow futures up 34 points nasdaq futures up 41 s&p is flat to slightly higher apple set to open at a record high after third quarter results last night the company topping expectations more on that in a few moments. let me run you through some highlights the guidance for revenues next quarter, which everyone was looking for as an indication of what they're expecting in terms of the next big launch of the iphone 8 was strong. coming in up to $52 billion. analysts expected 49 there services revenue grew 22%, became a fortune 100 company as tim cook promised. even ipads grew more than expected so did iphones in what was traditionally supposed to be a weak quarter, a bottom of the cycle in terms of demand >> the guidance towa

i'm wilfred frost along with seema mody this morning. now to the must read stories my picks in the financial times is titled "trump's rhetoric on north korea is a dangerous echo of pyongyang." shawshank joshy writing pong youi can't think must know that it will invite damage there's no problem in mr. trump saying so. but such threating must be delivered with solemn precision. this goes through when various leaders have drawn red lines or made threats in terms of rhetoric and whether they were successful or not. and the very careful timing precision with which they were worded clearly president obama made a red line threat which wasn't stood to and basically criticizing not necessarily the intention behind what president trump's been doing but the looseness with which he's done it on various tweets a good analysis of that and various other red lines drawn over the last hundred years or so >> the rhetoric is a key part of this story all right. my pick is on "the wall street journal. "new york's liberal subway war." the editorial board writ

. >> wilfred frost will have that exclusive interview. another look at futures as we quickly head to another quick break. we're back on the other side with a lot more on media when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. for years, centurylink has been promising fast internet to small businesses. but for many businesses, it's out of reach. why promise something you can't deliver? comcast business is different. ♪ ♪ we deliver super-fast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. we do business where you do business. ♪ ♪ >>> cbs, channel 2 here in the new york area, reporting better than expected quarterly result

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

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

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 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

1936, derek is snapped up by a prominent dentist, in london's fashionable cavendish square, named wilfred fish. >> fish was at the top of the profession, dentistry to royalty and to many, many important people of the day. >> you think your dad aspired to have famous clients? >> no. definitely not. i think his pleasure came from the quality of the work that he produced. my father was a frustrated artist, to be honest with you, but he was absolutely passionate about what he did. >> one of dr. fish's dental patients is winston churchill. a backbencher in parliament, churchill issues dire warnings about the growing threat of adolf hitler and nazi germany. >> [ shouting in german ] [ crowd cheering ] >> now they are rearming with the utmost speed, and ready to their hands is this new lamentable weapon of the air. >> from the air, hitler's luftwaffe rains down terror on london in the fall of 1940. with the blitz as a backdrop, derek marries his bride, dorothy. >> they went on a honeymoon, they said, on a train with the bombs falling all around them. >> for 76 consecutive days, london is bombed

our own wilfred frost speaking with jpmorgan chase ceo jamie dimon. dimon said he'd rather spend more time just growing the company. >> our preference is always to grow the company organically, so if you asked me i'd rather use that to buy back stock or grow the company, i'd rather grow the company, and some people think banks are buying back stock and not for making loops loans are constrained by other things, not right now by capital so if i had a choice and if things had been different five years ago a lot of capital would have been used to make loans to fund american society and we'll go back to that and the goal is not to go to a bigger payout like to go to a lesser payout and spend more time to grow our economy. it would be $1 trillion more of mortgage loans and a portion of that would have been our bank and that would have fueled american growth. that's what we should be focusing on. not the payout. >> are you concerned about the level of bond markets? is there a bubble there, and when the fed does start to normalize its balance sheet, will tha

wilfred frost is here. and not just tall. he's got a lot of positives. hey, wilf.oming up -- thank you want to talk to you in a second. coverage of the -- we -- >> well -- >> what is she -- >> a special place >> no -- >> i don't -- >> what is that? >> do you know what that is? >> looking down her nose >> joe, you're there i think that's the factor. >> okay, all right catastrophic flooding in texas continues. we're going to talk about the impact on insurers with jeff daley, ceo of farmers group. then later more on the disaster. former feela director michael brown will join us "squawk box" will be coming ghback olay eyes new deep hydrating eye gel with hyaluronic acid born to outperform the #1... prestige eye cream for better hydration. and your best look yet. olay eyes collection. ageless. 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. it's been over 100 years since with a clear advantage. the first stock index was created, as a benchmark for average.

>> wilfred it has been for the past seven months.alking to european portfolio managers, they will tell you they are under water the s&p might have been up 9% or 0% and the dollar is down that much before we go pat pentagon ourselves on the back and be all nice and happy about what's going on here, let keep in mind that a lot of it has been because of this deteriorating currencies weak currencies weaken nations so we have to be very, very careful and unless you think that the market will go down against the euro currency, it might be a bumpy road ahead of us for stocks over the next couple of months. >> steve grasso, sitting over there at post nine, i know you've got fresh eyes off your vacation do you see anything in this market, you know, from a different perspective now? >> well, when you look at what we sold off on, i think that was an overreaction and markets overreact and overshoot one way or another if you look at what we rallied back on. it's -- some has changed in one day, kelly does it seem realistic to you because it doesn'

cnbc live in japan with the latest good morning >> good morning to you, wilfred. >> like so many people here in japan, we were woken up around 6:00 a.m. local time with the latest launch from north korea triggering a nationwide alert. broadcasters breaking into programming. some residents in northern japan reported getting text messages on their phone urging them to take cover while still other communities talked about sirens going off urging people to find a safe place here. this was a missile that traveled well over 1600 miles about 15 minutes long going from pyongyang passing over to the northern island of hokkaido before landing in the pacific. prime minister shinzo abe condemning the latest provocations in the strongest term he said he would make every possible effort to protect the lives of the japanese people he did say he spoke with president trump. the prime minister saying president trump was committed to japan 100% and to japan's defense. >> translator: this missile proposes an unprecedented serious and grave threat and damages regional peace and stability. >> the timing is c

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 dominic chu in for wilfred frost. let's look at what's happening for the markets.t'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 nikkei closing the day up 0.3%. the hang seng up 0.8%. trading near two-year highs. the

i'm wilfred frost. >> i'm morgan brennan in for sara eisen >> great to have you with us let's get straighto the latest on 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'

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

sar area, wilfred. >> contessa, what can you tell us about mandatory owe vacations? as we understand it, there are a number in place right now in the houston area, but perhaps coming a little bit too late as people are already finding themselves stranded. >> reporter: well, and the problem, too, is they are trying to gauge with the release of the army corps of engineers releasing water from these two dams, how much flooding they are going to deal with what we've seen is that the flooding has receded in some parts of downtown houston, even as it's taken over other parts of houston, and i talked to a family at the convention center about being evacuated, and they said it just came too late it didn't happen, and they were trying to carry a first grader and a third grader through chest high water the dad says he's 6'4", up to chest height on him trying to get them out of a home that had flooded. it was just devastating. >> yeah, absolutely. contessa, thank you. be safe, as you make your way around houston to help show us what's happening here. let's send it over to brian

our contessa brewer has more on that story contessa >> reporter: wilfred, paypal, godaddy, those areust some of the companies who grabbed headlines for ending service to alt-right groups daily stormer is well-known in alt-right circles. it participated in the charlottesville rally setting up the hate ban as the alternative to uber. its web host godaddy prompted and ended the service. google did the same thing. today daily stormer moved to a russian domain when youtube changed the compensation structure, many went to patreon in order to get paid this summer patreon kicked off lauren sumner. enter patreon who specializes in controversial offerings and then get paid for it. counter.fund will provide an intermediary to paypal credit cards and turn bit coins into cash for a fee to help fund the alt-right movement gab launched their social media service as an alternative to facebook and twitter cracking down on hate speech. though gab has been rejected by the app store nine times, it's raised more than half a million in just the last 36 days it has more than 200,000 users worldwide. but do

the stock was climbing during that interview wilfred is in chicago with us. >> how are you doing >> i'm good. your sort of big takeaway from your interview, which we were all glued to, which would play well into the conversation we're having now, ewe dyou did ask hi about the banks, you did ask about the ability of being able to return more capital to shareholders what'd he say? >> yeah, wing that was the key thing for the stock price itself because let's remember, we came into this having just had ccar, where they bullishly, jamie dimon bullishly asked to be able to return over 100% of earnings, 107%, to be precise. and i think the takeaway for most analysts in recent weeks has been hopeful that in 2018, they would seek to return more than that in the future. he just confirmed that, in fact, in the future, he wants to return less. let's have a listen. >> we believe the stress testing and it's been very rigorous, which i think is a good thing. our preference is always to grow the country organically. if you would rather use that to buy back stock or grow the company, i would rather grow

wilfred? >> contessa, thank you very much for that excellent ongoing coverage, contessa brewer. >>> stocks coming back after a big selloff early in the day joining ours "closing bell" exchange to discuss is kim foo, cnbc market analyst and also from stewart frankel steve grasso and our own rick sell el over at the cme e. rick, i want to start with you what an extraordinary turnaround we saw from sort of the middle of the night to early this morning, not just in equities but particularly in the u.s. dollar talk us through what happened there. >> yeah. it's really quite amazing. the dollar index getting down to levels we haven't seen since the very end of 2014, and it's come back a lot maybe they can show the chart, came back. it's now unchanged virtually unchanged. 22.20, 21. you can see the big recovery, and you can see it's the lowest price for dollar index since the beginning of 2015, and it does underscore that the euro popping above 1.20, something that many thought was likely but not goin

extremely biased or scandalous one of the greatest journalists of all time of the twentieth century of wilfred bullshit an australian journalist who actually went to the war and he of who covered the conflict or i think about the thousands of for tens of thousands of north korean being literally destroyed more that in the tunnels burnt alive in the tunnels he even lost australian citizenship for this coverage and he was declared an enemy of australian state and very good friends of his son and all of this with our lives so i know the entire story it was always boys now let's go back to history also and see why is north korea so much hated it's not only because of the standoff between north and south korea let's remember that north korea together with cuba almost singlehandedly liberated the african continent from the colonialism so or north korean troops and i lived in africa for many years and i will say i think about it a lot the fourth in the maybe of the fourth in on goal of the fourth against south african a power to the even through mix egyptian mix against israel during the war of the t

. >> i have been critical about the earnings and happy birthday to sarah happy birthday to wilfred frostriffith. happy birthday to brian steel, all part of our family. >> yes. >> that's amazing. people were really busy 9 months ago -- >> that means you're smart. >> 9 months. is that the dead of winter >> stop thinking like that. >> i'm sorry when we return it's a big week for immediate yaemedia earnings it's a history there keep it right here hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at td ameritrade i thyou never got the brakes looked at?l... oh yeah. no. at cognizant, we're helping today's leading manufacturers make things that think and do automatically. imagine that, a world of new digital products and services all working together for you. can i borrow the car when it's back? get ready, beca

. >> go to those polls and vote for wilfred strange. >> more is beating strange and one pole with anothering the minute dead heat. rob: strong storms bringing hail, serious wind and possibility of tornadoes for a lot of people today. >> anna steen standing by with the latest, everything we need to know. >> reporter: across the central us we see a potential for strong to severe thunderstorms. 68 in new york, showers will clear up, 70 in chicago, warm and sticky across the southeast, and hurricane gert at the bottom of the hour but now potential showers, thunderstorms and strong storms in the afternoon hours and evening hours, watch this area of low pressure moving into the central us and giving us a risk for wind, hail and isolated tornadoes and especially across the central us from texas towards midwest. >> who is naming these storms? >> i hope it doesn't make an impact. >> it is out to see. >> 11 minutes after the hour, protesters in chicago taking to the streets after the charlottesville attack over the weekend but what about a growing crisis in their own city, we will explore that up n

i'm wilfred frost. >> i'm courtney reagan in for sara

i'm wilfred frost. the president is set to talk about his plans for the tax reform and helping the middle class. we'll bring that to you live. >>> and how much could be shut down and what hurricane harvey could mean for food prices "power lunch" starts right now >>> let's get a check on the markets at this hour the nasdaq is leading the gains right now. financials and technology are the best performing sectors. tell com and energy are lagging. h&r block is lower airlines also in the red as hurricane harvey grounds flights across texas and apple hitting another all time high. our own becky quick spoke with warren buffett about his stake in the company. >> i looked at it and then i bought considerably more in the last quarter, the one we reported here not long ago i never sold a share and i bought the stock. >> are you continuing to buy >> i don't think i'll tell you that much. but i certainly was buying last quarter and i don't pay attention to the calendar what i'm buying. >> nice try. strong endorsemen

. >> you know wilfred? >> no, i have never met wilfred. why?> you have ever gone on the site -- what do you call this site here? >> i think you call that twitter. >> twitter >> twitter >> you could say it like -- wilfred -- >> as a british -- >> can you say it twitter? >> no. >> wilf can. he doesn't on purpose. he doesn't on purpose. when he does it, it looks like it almost hurts him to say it. >> how would you say the name of this show. >> "squawk box." >> that's how he says it, too. i don't hear it. "squawk box." >> i need to start learning this american >> i have to say, wilf americanisms are much stronger than your british. >>> coming up, going back to more serious things, north korea says that yesterday's missile test was the first step of its military operation in the pacific. great. wel lk aut'ltabo america's options next when a fire is going on, you're not thinking clearly, so they called the fire department for us. my first truck was on the scene within five minutes. i am grateful we all made it out safely. to protect what you love, ca

. >> i'm dominic chu in for wilfred frost.t's throwback thursday, today we're going back to the '90s and the hip-hop scene. we'll have some dr. dre, snoop dogg in the mix as well. >> makes me so nostalgic, back home, high school. actually middle school, elementary school. '90s was a whole decade, all of it >>> let's check the global markets. like we mentioned, we're seeing a bit of weakness here on the futures side of things right now we could be indicated to open down about 2.5 points on the s&p 500. the dow off by 10 points the nasdaq just fractional eye higher less than 1 point. keep an eye on what's happening after that 22,000 mark was hit yesterday. as for the ten-year treasury note yield, the adp jobs data yesterday and jobless claims today, and that big jobs number, non-farm payroll numbers on friday just a hair to the upside in yields >>> let's look at what's going on with equities around the world. starting in asia lower largely across the board, but look at south korea's kospi, down 1.7 % so the most sharply lower of

i'm wilfred fos.rost. >> and i'm courtney reagan we saw futures a little stronger than what we saw earlier and now a mixed picture with the dow jones implied to open about 12 1/2 points higher s&p and nasdaq showing just slight pressure about much we did ha did have a down week on wall street we'll see what happens when we open today we have a big week ahead with janet yellen speaking and of course all eyes on washington continue let's take a look at the he ten year treasury and where the yields are they are still under 2.2.down just ever so slowly this morning but sort of following the pattern that we had seen last week >> it's a mixed picture in asia. we have japan declining about 0.4% european picture is largely red, though declines not too sizable. less than half a percent and coming off a week where they were up almost 2%. >> and let's take a look at oil prices wti just ever so slightly higher, but that means we're hoding on to the big gains from friday where we saw crude actually rise more than

. >> and we have breaking news on well fargo wilfred frost just spoke to liz best duke over the phone> indeed. thanks very much.lizbest duke oe >> indeed. thanks very much just spoke to elizabeth duke and the main point in terms of the timing of the recent changes, it is not related to the filings that revealed the sale practice scandal time line nor the announcement of the auto lending issue that is we've seen recently they say the typing is purely down to the recent atm where some members of the board fair poorly in shareholders in fact i asked elizabeth duke current member of the board also if she was satisfied with her own 75% vote she got which is better than money and she said no, if it's not higher next year, she would consider it unacceptable but perhaps the main takeaway of the conversation is that i asked whether she was confident that the worth of the recent turmoil that we also far golls fargo hae was behind the company and she said, quote, it's hard to say what we're finding is that the -- >> are we going to trade this? >> the better we get at risk management the more iss

jamie dimon talking everything from regulation to taxes to president trump during an interview with wilfred yesterday, but it's interesting what he said about the bond market that caught our attention. listen >> i do think that bond prices, spreads, bond prices high, spreads are low, i'm not going to call it a bubble, but i wouldn't personally buy in the ten year sovereign debt anywhere around the world because we went to qe one, two and three and now reversing it and there is a chance this will not go well. but they will figure it out. the fed will respond appropriately. >> and gist showing you what is happening with the ten year treasury note yield today, that safe haven bid that spread across assets and around the world off the north korea headlines is giving treasuries is boost which means yields go even lower 2 at the present ti 2.24 let's bring in managing director and global take strategic adviser at pimco more and more warnings, rich, about the bond market. the lower the yields go and the longer they stay stuck at these levels, people worry is it a bubble, will it snap the other way

also accepted a bid from spurs for this striker fernando llorente, and they‘re looking to re—sign wilfred 6.30. that‘s all the sport for now. a little more on the incident at the oval cricket ground. police reporting an arrow or crossbow bolt had been fired into the ground from outside the ground and the umpire demonstrating what had been fired into the ground. no—one was hurt, we should stress that. the match was abandoned between i think surrey and middlesex. kevin hand from bbc london was there and joins us now. we are looking at the arrow, tell us what happened. well, quite unbelievable scenes, really. it took sometimes for us to work out. we we re sometimes for us to work out. we were in the middle of cricket commentary of the match when all of a sudden two umpires started to point at something in between them, we had just resumed after tea out on the field of the play, a couple of overs into the final evening of the match. the umpires stopped and pointed at a projectile, we could see it once they pointed at it, that it landed in between them. and it landed one track to the right of

wilfred frost is hanging out with us.ake a quick look at the futures at this hour we are in the red. dow looks 43 points off, nasdaq would open 33 points and the s&p 500 down 8.5 points right now. let's tell you what's going on in the headlines the government will release the producer price index in 90 minutes. we'll see if the fed is having any success trying to push inflation higher economists expect an increase of 0.2 of a percent. we're also watching shares of 21st century fox this morning. fox reported a quarterly profit of 36 cents per share. revenue did fall slightly short of estimates stemming from the company's movie studio operation. just in from retailer kohl's, we've been watching the retail story every day. it earned $1.24 per share for the latest quarter that compares to estimates of $1.19. same-store sales fell, though, 0.4 of a percent analysts had expected a 1.5% drop we're also getting numbers from macy's in a little less than an hour kohl's is looking up in the early morning trade there, but we'll see.

dow is up 62 >> good wednesday morning, welcome back to squawk on the street wilfred frost here at postlook at the markets good action at the open. dow is up 67 a lot to watch not just the president as he returns to new jersey but also fed minutes this afternoon retail earnings and renegotiations of nafta begin. >> our road map for the hour begins with rolling fall out more business leaders distances themselves from president trump after he doubles down on his response to charlottesville. >> trian urging to vote peltz on the board. >> plus a shake up on the board of wells fargo nominating a new chairwoman. what she said about helping the bank put scandals behind it. >> more including reaction from the business world. >> that's right. all quite here at trump tower in contrast to the press conference yesterday afternoon. so far no major comings and goings here. we just say the wife of eric trump entering a few moments ago. family members coming and going. we haven't seen the major figures yet today. the president said they didn't do it for stated reason. but instead did it because they're

i'm wilfred frost in for bill griffeth stocks popping on reports that progress is being made on tax reform the lawmakers and the president are to some sort of agreement. >> up 185 and "the wall street journal" says chevron ceo john

expectations for rate hikes going into year end, right >> great american interview, wilfred frost andon. >> selling the bank stocks to me, i'm not getting that yes we get a great job number i just don't think you need to sell the bank stocks that's not where you should be selling. >> because of this notion put forth this week that dereging along increases dividends and buy backs. >> yes and we have great credit card numbers i love what mastercard and visa are doing. i did a piece of the credit card companies yesterday. and others are better to sell. you're going to sell bank of america 24 so you can buy it back at where? in where would you buy that one back it's not expensive here's what you should be selling mylan. that mylan quarter. >> yeah. >> terrible quarter. >> which was worse. >> those are all first sell offers you're not going to refuse myla nar mylan has core business to it. those are hail mary passes left and right. >> mylan should have taken the teva offer and perigo should have taken the mylan offer. anybody should have taken any offer that was made when all of these guys

i'm kelly evans at the new york stock exchange and i'm wilfred frost in for bill griffeth flooding inwing little signs of stopping and the addicks reservoir overflowed today for the first time ever. we'll take you live to texas and talk to a houston infrastructure expert about the impact on the city. >> and president trump is now en route to austin.

richard, i want you to come back when we get more data points, especially the current quarter on gdp wilfredu. >> thanks very much for that. >>> when we come back, natural gas prices may be shutting down an island. we have the details on that story, don't go away, we're back in a couple. >>> what's the secret of turning a no into a yes and when is a good time to have fun in the office i'm j.j. ramburg, i have great answers to these questions which might help you run a better business whoooo. going somewhere? here's some advice. tripadvisor now searches more... ...than 200 booking sites - to find the hotel you want and save you up to 30%. trust this bird's words. tripadvisor. if they knew just howers rich they were.ed the average american home value has increased $40,000 over the last 5 years. but many don't know you can access that money without refinancing or selling your home. with a home equity loan, you can pull cash out of your house for anything you need- home improvement, college tuition, even finally getting out of credit card debt. come to lendingtree.com to shop and compare home eq

. >> and will i'm wilfred frost in for bill griffeth. >>> more rain in houston is expected and a numberneries along the gulf coast have shut down until the storm is passed. we speak to the head of parentso

as wilfred would say "squawk box. >> wanted to check out shares of uk-based provident financial the stock slammed after the company cut its dividend, issued a profit warning and disclosed it is being investigated by the financial conduct authority over credit card replay plans debt collection rates plummeted from 90% to 50% after it switched from contracted collectors to full-time employees. >>> president trump committing to an open-ended conflict in afghanistan during last night's prime time address eamon javers joins us now with more eamon, good morning. >> good morning. the president spoke at ft. myer virginia last night in order to at the nation on the months-long developed plan for the war in afghanistan. the presidenting ing5:presiden s is a change of stance from him he said things look different when you're in the oval office as opposed to running as a candidate. he dismissed the bush era idea of nation building and said the united states is moving away from that. here's what he said. >> we are a partner and a friend, but we will not dictate to the afghan people how to live or gove