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 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 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 sara eisen. >> i'm wilfred frost. good morning to you from me as well.e're starting off with a new song from camilla cabello called "crying in the club." >> let's get straight to the global market action. been a decent week. six trading days in a row we've seen gains for the dow. yesterday we were led higher by the nasdaq up by 0.7%. the dow at about a third of a percent of gains. for the week as a whole, the nasdaq leading the charge, up 2%. the dow and s&p up 1.3%. we look like we'll take profit this morning. oil prices were a big mover yesterday, this time yesterday, even though we thought we knew the price extension, oil was down 0.8%. later in the day traders thought this wasn't enough, and oil sold off 5%. encouraging to see it up today. 49.12 is the price for for wti. japan down 0.6, the ftse 100 likely toned t end the week in positive territory. around the rest of europe, friday is seeing profit takes. germany and france down for the week as a whole. >> ten-year treasury note yield sitting where it was this time last friday. 2.24 is the yield. we

. >> 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

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

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. >> 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

. >> and i'm wilfred frost. very good to have you all with us.'s get straight to the market action. >> our top story this morning, france electing a political newcomer as its new president. emmanuel macron winning 66% of the votes, besting marine le pen. at just 39 years old, he will be france's youngest president ever. the market reacting this morning. initial strength in places like asia. the euro topped above 110 yesterday. since then, it's actually weaker by 0.4%. very much buy the rumor, sell the fact. the market was way out in front of this vote after the first round resulted in the emmanuel macron victory. the french cac, last week up a quarter%. and last week, already posting in a positive way for european stocks, french stocks. the germ dan dax down. and the equity futures, let's show you what happened after the s&p and nasdaq managed to close at record highs on friday. s&p gained more than 0.5%. another straight positive week. and futures are a little changed down less than a point for the s&p. dow futures down 20 points. nasdaq futures

. >> 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 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. good morning to you from me as well. it's throwback thursday.his week we're throwing it back from songs from our first ever cds. this is yours? >> mine. early '80s, madonna by madonna. "lucky star" wasn't on it. it was on a later one. >> you were buying cds when you were three or four? >> my parents would buy cds. i grew up in a music household. i guess there were cassettes before cds. i have a bit of both. even this or ace of bass. and i love ma ddonna. >> can't wait for yours. >> hard to compare me to the person i picked. we'll get to that at some point and from the rest of our production team. let's look at futures. we are called higher by a decent margin. the dow up by 76 points. the nasdaq by 18. the s&p by 7 points. the s&p hit a record close again yesterday. did only gain about 0.25%. the dow and nasdaq were a bit stronger than that. all in all another day of muted gains. the fifth day in a row of muted gapes, so that 2% fall we saw last wednesday has been recovered again already. week to date, up a percent or so. it was a lackluster rall

i'm wilfred frost. >> and seema mody in for sara. good morning, will. >> good morning to you. go straight to market action this morning. off the back of a strong finish to a tough week last friday. we saw decent gains on friday that meant the week's performance was respectable. declines but the nasdaq down more than .5%. s&p and dow just down by .75%. for the week as a whole, seven out of 11 were negative led down by financials which turned in the only performance of all of the sectors of more than 12% decline. a this morning, as you can see, we're bouncing back from that decline last week. the dow pulled high just shy of 30 points. let's look at oil prices because they turned in a resounding poll week. up about 5% for the week as a whole. back around $50. and adding gains as you can see, have the 50.8, the fwries ofpri crude. >>> exports in japan rising 7.5% in april from a year ago. below the 7.8% annual growth. exports abroad are being driven by the weakest in the yen that we've seen earlier this year. japan nikkei up almost 0.5%. shanghai, the loser, down .5%. if you take

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

eastern time goldman sack's chairman lloyd blankfein since down with wilfred frost.e. >>> amazon has a new echo, called the echo show. we have details. stocks at this honey, dow is up close to session highs. we're back in a moment. in a mo. predictable. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. but we should be seeing more range of motion.k good, i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh... am i covered for that? yep. look. grandpa catch! grandpa duck! woah! ha! th

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

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

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

. >> 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

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.

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

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

live from the nasdaq marketsite in times square i'm joe kernen, along with wilfred frost and melissares have been improving throughout the morning now. up 30 points on the dow. and we had some new records recently. the s&p could add to those. up 1.5. the nasdaq up 6. so far this morning. the dollar has been weaker, and the euro stronger. 1.10 now for the euro. and you can see, you know, it was really cheap to go to your -- your home country wilf, not quite as cheap anymore. >> still on a long-term basis. the pound rose earlier off the back of strong inflation data but it's just slipped back down a little bit. there you go, 1.28. >> among today's top stories, shares of dick's sporting goods under pressure. earnings matched estimates but revenue came in below forecast. same-store sales rise 2g.4%. that's smaller than the consensus of 3.5%. dick's did predict street instruments. ford is apparently planning to cut about 10% of its global workforce. "the wall street journal" saying it's part of a move to slash $3 billion of costs. ford told cnbc it doesn't comment on speculation and that

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

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

. >> 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"... ♪ >>>