., sheryl sandberg, speaks exclusively to cnbc's julia boorstin, speaking for the first time since the news broke that a data firm used the personal information of users. ceo mark zuckerberg broke his silence last night >> this was a major breach of trust and i'm really sorry that this happened. we have a basic responsibility to protect people's data if we can't do that then we don't deserve to have the opportunity to serve people. >> our next guest co-founded the company that would go on to become facebook while a harvard classmate of mark zuckerberg divya narendra joins us live for a cnbc exclusive interview great to see you >> good to see you >> we heard the apology. >> yes >> what did you make of it >> he did a pretty good job of answering the questions. this is obviously a complicated issue. it's worth people taking a step back to appreciate sort of the scale of the problem when you look at facebook, you're talking about a company that has 2 billion users across the globe. and policing every aspect of that community is hard one of the things mark didn't say is that facebook should

we have the results of our exclusive cnbc survey. that is straight ahead >>> plus, as many overseas markets edge into correction territory, we will telyou l which global plays may be primed to bounce back but you have to stay with "power lunch" to get it we can't predict what tomorrow will bring. but our comprehensive approach to financial planning can help make sure you're prepared for what's expected and even what's not. and that kind of financial confidence can help you sleep better at night. with the right financial advisor, life can be brilliant. >>> welcome back to "power lunch. i'm leslie picker. we have a market flash on dell they just filed for an initial public offering. the company provides a cloud needed platform to make cloud computing easier at the enterprise level it was once a jv of vmware and became part of dell after the emc accusation both dell and vm were spiking on the news but have come down since it first was filed there back over to you >> thank you very much, leslie >> cnbc top cfos what worries them, what th

joining me on the panel, we have cnbc senior markets commentator michael santoli alongside cnbc contributor evan newmark welcome. the biggest winner in the dow this week was intel. the chips had a strong week in general. intel was up 2.5% on the week. look at caterpillar, down nearly 10%. in the s&p, the biggest winner was macy's, while patterson companies was the biggest decliner it looked very different this morning when the two-day damage from this tariff announcement was almost 1,000 points off the dow. now all of a sudden things don't look so bad. what's going on? >> it's still a kiddish market as you can see with these multi100-point swings in the dow every day. i do think there was muscle memory today, which was three fridays ago we actually had a really good intraday rally people thought perhaps stocks sold off enough. that was the day of the low. >> that was the intraday low >> doesn't mean that's going to happen again doesn't mean this is to stay it does show you we're in a market that seems to be buying dips, selling rips, kind of figuring out what the correct range is for stocks

with my colleagues over at cnbc. let's listen in. >> congratulations. >> thank you. >> to you. talk us through the last couple weeks. when did the president first get in touch with you? when did he formally offer you the role and what was your immediate reaction? >> well, the last one is easy. my immediate action was yes, honored to take the job, which was last night. >> in an uber? >> actually it started on 5th avenue because i was at one of our john katz's dinners. john, larry, mark, we have them all the time. so the phone rang and of course the place was packed and one of his militariay agitants said th president is calling. i got in an uber. >> the weather was cold, not the president. >> the president was great. talk about that in a moment. and i had to get uptown to do the john bachelor show like i do, i don't know, 15 some odd years every tuesday night for an hour. and we were talking -- >> who suggested the 10 to 12 hours would be more work than you're accustomed to? >> how unfair. >> 12-hour days all the time

that is an argument that was echoed by the commerce secretary on cnbc. >> in any war, there may be a few casualties and that comes wen -- with the nature of the best. >> i was told the white house would be hard-pressed to finalized by a march 10th rally next saturday in the works but the president clearly wanted to make that announcement and h did, brian >> he certainly did. kayla, behind the scenes a historic 24 hours. thank you very much. >>> well beyond the markets, more questions today about the possible ripple effects of the president's administration eamon javers is live at the white house with more. >> reporter: that is right you heard kayla walk through the chaotic rollout yesterday and part of the reason is the chaos surrounding this white house and all of the key leadership within the white house. take a look at this graphic of the key players inside of the white house with questions surrounding their tenure we'll go down the line john kel yirvly, chief of staffs incommand but spent several weeks pushing back against rumors that the president wanted somebody else in the job

rewrite tomorrow. >>> hello, i'm sue herrera here is your cnbc update for this hour. fbi director christopher wray said cyber crime is one of the biggest threats that our government citizens and businesses face in today's high-tech world and spoke at a cybersecurity conference at boston college >> what was once a comparatively minor threat, people hacking for fun or for bragging rights or to prove some kind of point has now mushrooms into full-blown economic espionage and lucrative cyber crime so the threat is coming at us from all sides. >> british police believe a former russian spy and his daughter were poisoned with a nerve agent and this is a low risk to the general public close circuit television shows them shopping near his home five days before at tack. >>> and the duchess of cambridge in london, talking with children and met with a representatives of the charity which is called "place to be." the charity provides mental health services in schools across the u.k that is the news update this hour melissa, welcome back and i'll send it back downtown to you >> th

welcome to "squawk box" on cnbc. live from the nasdaq market site in times square, i'm becky quick along with joe kernen on national joe day and andrew ross sorkin >> i have to look to see about the voracity of this situation >> fine. someone sent it to me from nbc >> look, another big day triple digit gains in the futures, the dow was up by 669 points yesterday s&p up by 2.7% nasdaq up by 3.25% big moves across the

to "worldwide exchange" on cnbc. i'm mike santoli >> i'm seema mody. mike, good to be by your side this morning >> great to start a new month with you let's look at the futures at this hour. still under pressure we had late-day selloffs the past two days. the dow down about 83 points right now. still not far above last week's lows the s&p indicated to open down 7. about a third of a percent the nasdaq also looking to be open down about 7 points >> we'll have more on the markets in a second. first a major corporate story. walmart joining dick's sporting goods in raising the minimum age to buy a gun to 21 walmart is also removing items from its website that look like assault rifles including non-lethal air soft guns and toys walmart already stopped selling assault weapons and accessories back in 2015 >>> turning back to the markets, february was a tough month for stocks the dow snapping ten straight months of gains. that was the longest win streak since 1959 recapping the index for the month, the dow fell more than 4%

allies and let the real bad contacters get off e er er er ef >>> top ceos are giving their reactions to cnbc on the potential tariffs. morgan stanley's james gorman spoke about the potential of a trade war. >> we have needed volatility the fact we're having some the last several weeks does not bother me at all tariffs, i thought it was a bad idea, to be blunt. the biggest issues this country faces are not trade deficits, they're fiscal deficits. i think what we need to be doing is focusing onn on the real isss you can always enter into a trade war. doing it with alliey allies, the best way to move forward. >> it's about the message we give to the free world about who is leading this world. in my view, the united states has always been the inventor of free trade, the inventor of globalization. the inventor of freedom of trade and may the best team win. that's more a disturbing message to the image, rather than how many millions, companies or customers need to pay in the end. >> it's astonishing given how the amount of backlash that president trump has got for the proposal with the tariffs tha

and s&p 500 at the cnbc real time exchange. up at the nasdaq, the thirst project in developing nations. so we're talking about technology which is really given up its leadership role. the question is does it get it back a lot of it hinging on micron? >> yeah, i think micron is really important because i think that what we have is the internet of things we have semis. i got to tell you, tariffs worry me and the video of the unfortunate of the fatality, i know that there are a lot of people in the valley trying to figure out okay, how do we make sure that didn't happen again. maybe nothing. maybe it can't be stopped. that does matter but you know what, we're going to get tired of selling. there is a great piece about before you sell apple, take a look at the revenue stream take a look at the service stream that won't have -- today is a done day >> apple down again. >> you got to read a report. it is a really good report but that takes genuine home spun read it and that is very hard for the pajama traders >> if tech cannot resume

. >> good morning, everybody welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernin and mike santoli who is in or andrew glad to see you. >> glad to be here >> he's going to be with us for three hours, also our guest host is bob doll. it was a rough week last week, bob? >> sure was. >> ready for this week >> we can handle it. >> i know you do things while we're on the set here. were you b are you buying today >> yeah, i don't think the bull market is over but we're in the refreshers and the positives hurt we have seen the highs and lows already. we're going to bounce around we got good news earnings. not so good news and trade noise that we need to talk about obviously >> let's take a look at u.s. equities last week was a rough week for the dow. down by 3% nasdaq off by 1.1% this morning, you can see green arrows for the dow and nasdaq. dow indicated up by nine points. nasdaq up by 12 points s&p down by 1 point right now overnight in asia, rough trading there. the nikkei down 0.6% hang seng was off by 2.25%

i was on his show frequently i worked at cnbc for many years. i find him to be a smart, warm individual he's going to come here and be a team player. it's going to be great the president, president trump, in order to make the best decisions possible, he needs diverse opinions i think it's a great choice. everybody here is going to welcome him with open arms we're looking forward, not backward >>. >> my final topic. i remember a day, peter, where the big news is china was welcomed into world trade, the goal was to make chainina more consumption economy and the u.s. a more export economy. i don't hear much of that anymore. embedded in that basic principle seems to be the direction you would like to see things move. is that correctly framing the issue? >> china entering the wto in 2001 was a fundamental shock not just to the united states but to europe and the rest of the world because china came in basically saying they played by the rules. since that time, they basically have broken every rule in the book basically, they've destabilized the world

joining us is ed lee, cnbc contributor. great to have you with us. >> good to see you >> as long as investors don't care about profits, don't care about spending maybe netflix is hold on to the league, but amazon has pretty deep pockets >> amazon has all the money right now, so they can certainly afford to spend a lot and lose a lot, at least at the outset. what's interesting about the reuters report is the way amazon thinks about the cost of the shows and how they apply a pnl what they're saying you can sign up for prime, and you start streaming a show, the show is responsible for your sign-up i don't know if that's always entirely a reason, but it is a factor if amazon starts to spend more than netflix on content, we're off to the races >> what is the model here -- go ahead. i was going to ask you, the model here for amazon is invest in content and attract new subscribers to amazon prime, right? it's as simple as that if they get more money from prime, then they do what they spend, they make money do they also expect peop

i worked at cnbc for many years. i find him to be a smart and warm individual. he's going to come here and be a team player and it's going to be great. the president, president trump, in order to make the best decisions possible, i have seen this in the oval, i have seen it in the roosevelt room, he needs diverse opinions i think it's a great choice and everybody here is going to welcome him with open arms and we are looking forward, not backward >> let's get to rick at the cme group this morning here we are, talking about very deep economic theory, really, and how it affects us, not to mention the elements of implementation and whether or not the government can do this efficiently. >> see, that's my problem. i listened to steve roach and everybody is entitled to their opinion but i don't know anything 300 years ago that i'm going to carve in stone and do exactly the same today doesn't make any sense with regard to the long-term vision that global trade, you can't tinker with it, you can't rearrange it, and i understand that if the world is supposed to be 100% e

he is a long-time cnbc contributor who hosted several shows over the years. he ralalso hosts a radio show a writes for the "national review." kudlow supported trump in the 2016 election, and he's acted as something of an intorformal advr to the then-candidate. kudlow is a traditional fiscal conservative. he believes in low taxes and less regulation. that probably stems from his time in the reagan administration. the father of american supply side economics. kudlow worked in the office of management and budget during reagan's first term. following his time in government, kudlow returned to the pry sivate sector, as a sen management director at bear stearns until the mid '90s. as recently as this month, he vocally disagreed with the president's policies. he co-wrote an op-ed criticizing trump's tariff proposal, call g ing them attack hikes. he walked that back a little bit, saying we need to be tough on china. >> i am going to strongly favor targeted tariffs and tax increases on china until they come to the table sincerely and play ball with us. >> great. you w

now over to scott wapner with the cnbc news update at this hour >> here's your cnbc news update this hour. the northeast digging out from its second nor'easter in less than a week. some areas in new jersey, connecticut, and massachusetts receiving more than two feet of snow hundreds of thousands are without power, including thousands who are still without power from the first storm >>> secretary of state rex tillerson holding a news conference in ethiopia, expressing support for the african union's efforts towards economic integration >> i'm really pleased to be here in the continent, and i express to the chairperson and his colleagues that it was appropriate that i begin my visit to africa here with the african union leaders as well to further our partnership with the african union. >>> today is international women's day. businesses are celebrating the mcdonald's arches were turned upside down at a franchise in lynnwood, california the logo will be changed on all of the company's social media channels, commemorating the day with its call for gender parity. that is our cnbc news upda

as a cnbc contributor that is how i got to know him well. just beforeure, bill clinton got elected in 1992, i wrote a profile on the front page of the paper on larry kudlow and i went to cnbc to become a contributor and post them corresponded myself. when larry talks about the king dollar, he has been talking about the king dollar for years and he would like to see it a wee bit stronger but not necessarily calling for a real surge in the dollar. and turning to china we know kudlow is signaling a tough stance on china as well. worries we could see retaliation in terms of offloading rest treasury bonds. did we see the january trading as a warning? kathleen: i have to give our news team in tokyo a nice pat on the back of the story of --ponsys being a false alarm nice pat on the back of the story of treasuries ring sold as a false alarm. china remains the biggest foreign creditors of the u.s. holding the most bonds, notes, bills, etc. this is the indication that andthing could be shifted it felt for the third straight month after hitting a recor

stay tuned, you are watching "squawk box" right here on cnbc. today, smart planning is helping the new new york rise higher than ever. as the world leader in unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a first-class transportation hub. all while growing urban areas into vibrant places to live and work. across new york state, we're building the new new york. to grow your business with us in new york state, visit esd.ny.gov. to grow your business with us in new york state, yes or no?gin. do you want the same tools and seamless experience across web and tablet? do you want $4.95 commissions for stocks, $0.50 options contracts? $1.50 futures contracts? what about a dedicated service team of trading specialists? did you say yes? good, then it's time for power e*trade. the platform, price and service that gives you the edge you need. looks like we have a couple seconds left. let's do some card twirling twirling cards e*trade. the original place to invest online. or a c-anything-o.

here's your cnbc news update for this hour. the president of chad welcoming secretary of state rex tillerson to the presidential palace tillerson cutting short his trip to africa to return to washington one day ahead of schedule to deal with other urgent matters including the announcement that president trump will meet with north korean leader kim jong-un. >>> syrian television broadcasting footage showing the ongoing fighting in eastern ghouta >>> police in london say two people have been taking to the hospital as a precaution after a suspicious package was found at a parliament complex >>> and here at home buffet employees eagerly filling out their college basketball brackets mr. buffet says he will reward $1 million a year for life to the employee who guesses the sweet 16 he'll double the prize of either nebraska or creighton win it all and offer $100,000 for the bracket that stays perfect the long-es longest. got all that fill out your brackets >> a lot of money to be made >> yep, a lot. >>> the dow losing 113 point gain tu

i mean, cnbc cannot broadcast something that you know to be a lie. you wouldn't have reported donald trump was endorsed by the pope and yet facebook is this open platform and twitter is just as bad and youtube is just as bad in which people who have very nefarious reasons for posting stuff can use the platform without any censure whatsoever you think about the florida shooting, within an hour there were videos on youtube that were saying these kids are just actors this was all a fake. this didn't really happen. those were the ones because whoever it was, the alt right or the russians know how to use bots to push things to the top of the search engine those were the most searched items on youtube around the florida school shooting. they were complete lies. >> jonathan taplin, thank you for joining us we do appreciate your time >> my pleasure thank you. >>> when we return, jim cramer joins us live from the new york stock exchange we get his take on the day's top stories. we are now between 250 and 300 down on the dow futures. almost 100 on the nasdaq w

lynnwo landon dowdy with that and more in the cnbc business report. >> reporter: hi, good morning. amazon is expanding its offer for discounted prime memberships to people on medicaid. this comes about nine months after amazon began offering discounts to lower income americans who receive a government aid. to qualify for the membership, $5.99 a month, you must provide a valid electronic benefits transfer or my kid card. you can renew your prime relationship at the discounted rate annually for up to four years. >> how about the markets? u.s. and global investors are jittery after the resignation of the president trump's chief economic adviser and threat of new tariffs. talk about that. >> reporter: that's right. all impacting the markets. president trump may formally announce his plan to impose tariffs on foreign imports of steel and aluminum. that prompted the resignation of top adviser gary cohn which rattled wall street. traders say it's not so much about cohn's departure but that he was seen as a voice of stability and spokesperson for the financial markets. his exit adds to fea

. >>> you're watching cnbc, "squawk on the street. in a few minutes stocks show a big bounce after the worse week in two years dow down about 400-plus third day in a row closed about 11.5% from the all-time highs jim? >> the most interesting one would be facebook, but there's a lot of things like a bounce in intel, a bounce in apple that's important apple had a real fall in the last two hours on friday we now realized that was the -- chinese putting out, this is your target. not almonds. i think that's important, because apple -- the way that they're approaching this, the chinese, isn't dumb. they're approaching it from the stock market perspective you go after the winner in the dow. you go after the largest market cap company, and you go after a company that is inside, a huge number of companies, and also autonomous driving and trying to change its direction witness the -- witness all of those olympic ads. you're going after some, you know, three companies that could really do some damage to the dow. that's not dumb. that's not dumb.

ai is taking on a new role at cnbc. he is the vice president ote event st, among other things. congratulations. >> thank you very much. >> ohowever, that a means that he will no longer be thenc cor of "nightly business report." starting on monday, bill griffith will be jning us every night. i'm going to -- i have got to get x.klee sorry. sorry. >> you know, i have been accused of nothing that i know of so far. bill andsue, you will be happy to know, have known each other and worked togetllr since e days. >> yep. >> that's probably five years ago at least. >> maybe. >>ive years ago at least. congratulations to bill. to you, my sincerist an. to sues 'garab my sincerest thanks as well. keep coming back to nbr. itl won't change and it will continue to be the best place to get your business news every news w.that, thank you for watching "nightly business report." we want to remind you this is the time of your wherebl your station seeks your support. have a good night. >> this is "bbc world news america." funding of this presentation is ma possible by the freeman foundation, and kovl

my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. okay what the heck happened to this market today not long ago, it seemed like everything was a winner. and now there are winners and losers the dow dropping 150%. the nasdaq gained. did it finally dawn on people that the president mean business did wall street realize that building walls might not be the greatest way to promote international commerce that is how you end up with a day like today how else can you explain micron and only a handful of companies all related to micron followed in its footsteps the losers, endless selling like united technologies, caterpillar, honeywell the latter, boeing down ten points first, let me just say that clients need -- every company from every country to see if it is dumping here what the tariffs on steel and aluminum being the tip of the iceberg today's action seem to say the president is tougher on china and it is going to spill over around the globe when i learned today that larry cud low might be replacing wouldn't be the first ti

the ceo tells cnbc the swiss drugmaker is looking to streamline its business. >> i want us to be a focused medicines company powered by data and digital technologies. that means value creating acquisitions. >>> and the bank of finland governor tells cnbc that the european monetary policy has worked >> if the economy continues to recover and we have some confidence that there's some convergen convergence, then, of course, the balance of these elements will change. sgl >>> good morning it's the second day of the week. the stock markets are doing very well following what we had in the u.s. session as you can see, it's a wall of green right behind me. very few stocks are trading in the red as we look at the broader index. the stoxx 600 is trading up at around 1% already. it opened up at 1.4% higher. but then again all of that is on back of receding fears of an escalating trade war let's get into more details. let's start with the european markets and see what the picture is like there. it's a picture of green and optimism and positivity. ftse 100 up 1.5% almost at 7,000 again. it was key when

mclaren told cnbc while north america is its largest market, it's policy is to balance sales globally and toyota europe said it would impact the automakers substantially raising costs of cars and it trucks sold in america. and annett filed this report >> so far, german carmakers are not saying thing when it comes to potential tariffs in the united states. i think everybody is preparing statements when they're all on the ground in geneva because the geneva motor show to start as soon as tomorrow. looking at the potential, sort of the ramifications for the german carmaker, it could be very costly. one analyst is putting a price on potential tariffs and that would mean something between 400 and 800 million euros, which a potential levy on cars to the united states might mean for those carmakers of course, the stock market is showing the reaction, german carmakers are among the biggest losers here on the german trading floor. looking at what might happen next, we don't know yet. officially, there's no statement, we have statement from the car trade body, a very influential trade body here

joining us are jonathan from cedar street asset management, cnbc contributor peter costa and our own rick santelli at the cme in chicago welcome to you all peter, what do you think of the market action today and how much is it keyed off by facebook down by 7%? >> i think it's mostly facebook. once you have one huge tech individual stock stumble, they all do this is what we're seeing. we're seeing an overall exodus from the tech sector for the time being i think that a lot of times you look at moves like this and say, well, there has to be a buying opportunity at some point. it is tech sector it's a little different. have you to be cautious to step back until a lot of the dust has settled. i don't think we've seen everything we're going to see. >> it's mostly facebook as the catalyst but we've seen yields pull back today. >> yeah, but, you know, they did pull back. we traded at low as 283 yield in tens it's back at 2.85. actually up one basis point on the day, wilf, it looks to be the 17th day we'll have a settlement in the 2.80s. i find it fascinating as follows -- if i would have to

that's already seen its fair shares of comings and goings at the white house, the latest to step in, cnbc television contributor larry kudlow. he's replacing gary cohn who announced last week he was stepping down. >> the president has given me a chance. i love it. i'm honored. serve my country, that's a great dream. >> today more than 20 staffers have been fired or resigned. >> i'm really at a point where i'm getting cabinet and other things that i want. >>> three others who may be on the hot seat are secretary of veterans affairs and obama-era holdover shulkin. used several thousand on a lavish trish to europe. he repaid it back after finds were made public. there has been a clashing over policy. mcmaster's departure has been expected for weeks. and secretary of housing and urban development ben carson is facing some scrutiny for picking out a $31,000 dining room set for his office. the order was eventually canceled. if mcmaster is among the noekt go, president trump is reportedly eyeing former u.s. ambassador to the u.n. john bolten to replace him. anne-marie. >> hena doba here in new y

i'm sue herera here's your cnbc news update at this hour. russian foreign minister sergey lavrov says moscow will expel the same number of diplomats from the nations that have expelled russian diplomats over the poisons of an ex-russian spy in britain moscow will retaliate the u.s. decision to shut the consulate in seattle by closing the u.s. consulate in st. petersburg. >> bill cosby arriving for his pretrial hearing the judge rejecting demands by his defense lawyers to step aside because his wife is a social worker and advocate for assault victims. >> two american astronauts are on a space walk outside the international space station. drow and ricky tackling multiple tasks. they're expecting to take about six and a half hours >> and an airbus a-380 landing in lebanon for the first time. the emirates airlines super jumbo jet getting a traditional watery welcome from the airport's fire trucks. it arrived in dubai. that's the news update i'll send it back to you >> thank you, sue. let's get you a check on the market stocks are sitting near th

. >> cnbc host larry kudlow is trump's new chief economic advisor. which shouldn't come as a surprise. trump has already hired two fox news anchors and apparently is considering hiring a third. basically if trump sees you on tv there say really good chance will hire you. by the time his term is done his attorney general is just going to be judge judy and his housing secretary will be bob the builder. which is ridiculous but show still liss ridiculous than ben carson. and-- (applause) and since larry kudlow will be guiding america's economic fate we thought let's get to know him in another installment of profiles in tremendousness. >> i have the most dedicated people. >> i have the best people. >> trevor: meet larry kudlow. the new chief economic advisor. he has worked on wall street, the federal reserve, the budget office and for the past 16 years he has been the face of cnbc. so this guy has lived money his whole life. and it shows. i mean he looks like he is a a used mercedes seasman, aside from going on tv he has another key qualification, he has

the one controversial stock he thinks is going higher watching cnbc first in business worldwide. in the meantime here's what is coming up on fast. you ok there, kurt? we're about to move. karate helps... geico... helps with... homeowners insurance? been doing it for years. plan good idea! get to know geico. and see how easy homeowners and renters insurance can be. ♪ whether it's a big thing, small thing, or something unexpected, pnc will be right there when you need us. because whencomes to y, if you focus on today, tomorrow has a way of working itself out. recapitalizing recaps retail having a red hot week that kicks off our top trades. check out the srt, the retail etf gaining 3%. >> reporter: in this short week. is it time to go shopping for those stocks. >> it does we talked about the breakdown of that etf before. it is a smattering of those. but the diplomat store names pete talked about earnings being a catalyst the department stores are going to show you first quarter numbers i think are impressive came out of holidays something like macy's has done a defensive job durin

call me at 1-800-743-cnbc or tweet me @g@jimcramer ho

he's a cnbc contributor. larry, i want to ask you to play some of this out with us the markets have been wobbling on the idea that these tariffs are going to lead to bigger trade issues with other nations that could eventually lead to trade wars this morning we've heard from the eu, which is very concerned about issues, and saying that it may very well be escalating things as somebody who has watched this from the ceo's suite, who has seen this play out over a while, where do you think we stand right now? should people be worried tha this is going to step into a larger issue, that there will be retaliatory tactics and that this will play out in a big way? >> you know, i certainly think there should be a concern. i would think you would miss the mark if you weren't concerned. on the other hand, we have the most attractive market in the world. no one's going to do things to basically cut off their nose despite their face in terms of serving this market. will there be some retaliation maybe. is it going to be se

last week, while the nafta talks continue, during theinterview ith cnbc, mr. trudeau said he believes that the exception has nothing to do with the nafta talks andlihat bs of job on both sides of the border depend on the continued smooth flow of trade. >>> one of the biggest banks on wall street may have just signaled who will be its next ceo. goldman sachs had two heirs apparent. harvey schwartz says he plans t retire in april. that clears theid way for d solomon to become the next chief of one of the world's most powerful financial institutions whenever the ceo steps down.co ing to "the wall street journal" schwartz was informed last week that solomon has the board's backing. >>> time to take a look at some of today's ndupgrades downgrades. ubs is raising its rating on time warner touy from neutral. the firm believes that its merger with at&t will go through, but even if that deali does time warner shareholders will still win because of the strength of its assets like hbo. and the price target was reaffirmed at $108 a share. the stock rose 1.5% to96.75. mean

. ♪ >>> good morning a warm welcome to "worldwide exchange" on cnbc. i'm wilfred frost. great to be here with you. we kick things off with breaking deal news. cigna reportedly close to buying express scripts. the terms of the potential deal have not been disclosed but the deal could be announced as soon as today shares of both companies there for you. express scripts up 13% we'll have more analysis on that coming up for you in the show. but that news just crossing the wires overnight. you can see a decent move for express scripts. >>> president trump was expected to make an announce the on tariffs this afternoon, but a senior administration official tells nbc news that is now unlikely to take place today let's get to tracie potts live in washington with the latest. positive announcements yesterday that helped the markets recover when we expected two things, one, the tariffs would be signed today and two, special carve outs for countries like canada and mexico to be excluded from the tariffs. where do we stand on that timing >> that's the hold up here that administration

larry kudlow are leading candidates to replace cohn navarro has strong protectionist views, kudlow, a cnbc contributor, has spoken in favor of free trade and criticized the tariffs on steel and aluminum. secretary mnuchin remains in place and has many fans on wall street >>> president trump addressed the high turnover in his administration saying that minu anyone who leaves will be quickly replaced >> the white house has tremendous energy, tremendous spirit it's a great place to be working. many, many people want every single job i read, gee, maybe people don't want to work for trump believe me, everybody wants to work in the white house. they all want a piece of that oval office. they want a piece of the west wing not only in terms of it looks great on their resume, it's a great place to work it has tremendous energy. >>> gary cohn's former boss, lloyd blankfein, tweeted high praise for cohn. he said he deserves credit for serving his country in a first class way and is disappointed to see him leave. >>> let's look at futures. the dow is pointed to open about 300 points lower the markets

the cfo of rbs told cnbc that the bank is eager to settle with the u.s. department of justice its recent earnings report did not include an update on the settlement some analysts estimated the fine could cost as much as 12 billion pounds i asked about the bank's latest results which saw a long-awaited return to profit >> we were actually delighted as a bank, it was a special day for us a large number of people at the bank have never seen a profit while working there. we thought last year's results were great income up. costs were down. operating profits up 30% we were pleased with the results. we are entering a new chapter as we announced last week we are going into a period of investment now we think the pace of digitalization in the industry for us needs to accelerate and we're investing to deliver that outcome. >> despite the first profits, the market didn't take kindly to the results, perhaps because it wants more information about when the department of justice and rbs case will be settled what can you tell me about that? >> we have no further update

gary cohn to larry kudlow, cnbc personality here. someone he knows, trusts and sees on tv, don't underestimate the importance. reince priebus, trump sort of took on because he wanted to make nice with the establishment. he got rid of that because he figured that wasn't working. brought in john kelly. we'll see how he vives. he was running because he's a general. the next one is even more -- john kelly, featured again. he may have lost the trust of the president. depends on what reports you read. we don't know who could go here. h.r. mcmaster to john bolton. he has been around this white house a lot. the president likes his counsel. va secretary, we know he's not happy with david shulkin, mismanagement of a veterans center. and rick perry, the president knows the nature of his character. attorney general, the most maligned person in the administration, jeff sessions. trump has called him beleaguered and said he should leave. we don't know who could go here. trump wants sessions out but doesn't want to fire him, which is interesting. o

. >>> good morning welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. look at the u.s. equity futures. we've been in the green all morning. you're going to get strong results with the dow futures indicated up by 100 points how we go in the morning has not indicated anything by the end of the session. yesterday the dow was down by 170 points the s&p was down by 17 the nasdaq was off by 77 you are still looking at positive month for both the s&p 500 and for the nasdaq, but for the dow in negative territory for the month. we'll see how this goes as we get closer to the opening and then the closing bell. overnight in asia, stocks in japan closed higher. look you'll see the nikkei -- closed lower the nikkei was down 0.9% the hang seng off by a half percent. then in europe, where stocks are already trading at this hour, you'll see there are green arrows across the board. gains of a third of a percentage point for germany and france in london, stocks are up by a quarter percentage point let's check out t

welcome to "squawk box" on cnbc. we're live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin who is back. made it in the snowstorm >> i made it in the snowstorm, which was crazy. >> welcome back. >> thank you, american airlines. >> mike santoli is with us as well he'll talk about the markets >> cigna did it. it's acquiring express scripts for $67 billion. >> whoa. >> the press release is out. >> this was expected, sort of. >> yeah. >> expected after i read that for me >> no. no this has been in the conversation >> cash and stock. >> they had that cvs transaction. all of this is a function of whatever you think amazon is going to do or not do. >> that's really interesting the idea of a pharmacy benefits manager, those guys have been in the cross hairs for all of these issues most people will say the easiest way to cut healthcare costs is to go after the pharmacy benefits first, they are considered the middle men. cigna saying this will drive greater affordability and connectivity with customers and healthcare provide

my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. how many times have we been through this already we arrived at a cross roads where the sky seems to be falling. and what happens at the last minute the sky decides to stay where it is and we end up rallying like crazy. investors could not make up their minds whatsoever about the risk of the sky plummeting dow crawling nine points s&p inching up nasdaq advancing is it too crazy to expect to get resolution in trade? in that case, you want to buy in any negativity as the dips represent real bargains buying opportunity as i have been telling you every night, the proximate worry right now, the thing that has everyone paralyzed with fear is that the president might put a 10% tariff on imported steel. we were the world's number one producer in 2000 and now we make up more than 1% of aluminum. and china 55%. forget that we have a possibility of resurgence steel. if the chinese government could be deterred from using steel subsidies as a job creation program. what would shhappen to

. >> hi cnbc. >> high cnbc, that says it it all. facebook, keep selling market not good. great weekend. bye. >> that was carter and his son brewster mike you heard what the chart master said, keep selling facebook >> we are clearly had news we didn't anticipate. worse for facebook than even we anticipated. volatility is higher this is out of money you can roll the trade down at this point. >> brewster, is he like royalty. >> he has fine lineage. >> carter with braxton and brewster >> do you have anything to say about facebook >> i have something to say. >> all right. >> valuation is reasonable advertisers aren't walking away. it's easier to mine fwoin than it is to delete your facebook account. you would push back and say engagement is going the wane maybe. >> do you think it's going to bounce back? >> i think it will because people are stuck on -- i am stuck on band-aids because band and's stuck on me. >> did you see elon musk deleted his spacex and tesla facebook pages. all you need is a kardashian to do that and who knows where you will end up. >> i think the sell hof

the global investment management businesses of prudential. >>> time for a cnbc news update. hey, sue >> that is what's happening at this hour, everyone. attorney general jeff sessions traveled to california where he criticized state officials for the sanctuary cities laws protecting undocumented imgrants, and he publicly scolded oakland's mayor for warning her community of an upcoming immigration officer raid >> here's my message to the mayor. how dare you, how dare you needlessly endanger the lives of our law enforcement officers to promote a radical, open borders agenda >> secretary of state rex tillerson arriving in ethiopia, his first stop on a week long trip to africa and will stop in kenya, chad, and nigeria where he meets with leadership in each country. >>> and 60,000 pounds of busch beer is spilling out on a florida highway this morning following an accident. the semi carrying the beer spilled cargo after the driver failed to stay in his lane and cited for careless driving >> oh, the horror. >> oh, that's bad. you can say the beer was flowing on spring break, just o

here's your cnbc news update for this hour. at a news conference in ethiopia, tillerson saying nuclear disarmorment with north korea is a long way off. >> i've said this before, it's to have talks, to have some kind of talks about talks because i don't know yet, until we are able to meet ourselves face to face with representatives of north korea whether the conditions are right to even begin thinking about negotiations. >> for the second time in less than a week, a nor'easter wreakwrea wreakwrea wreaked havoc on parts of new jersey more than 300,000 customers in new jersey, new york and connecticut are still without power. tom brady and a good cause raising money for the dana farber cancer institute by shaving their heads. and they'll pledge $5 million if 1,000 people agree to shave their heads or beards for the cause. >>> thank you. president trump on twitter today saying we need to protect and build the steel and aluminum industries but would these proposed tariffs create jobs in the united states? economists are debating and

see you later. >>> here's sue herera with our cnbc news update >> thanks so much, bill. here's what's happening at this hour syrian rebels and their families are expected to leave a besieged down in the suburbs of damascus today. it's part of an evacuation deal that will see the town handed over to the government after years of attacks >> seven clielers who were stranded on a western tokyo mountain have all been -- look at that -- all been rescued by a helicopter today they were taken to the hospital to treat injuries and they have now been released. >> youtube is tightening its restrictions on gun videos it ban includes restrictions on how to make a firearm, and accessories such as bump stocks and silencers. >> and health officials in salsberry, england, say the russian ex-spy and his daughter remain in critical condition, but here's good news a police detective who was exposed when he came to their aid has now been discharged from the hospital that's the news update this hour i'll send it back to you >> great news. thanks, sue. >> stocks are still in sell-off mode at t

that's what investors are doing in shares of wynn resorts and after you hear what the new ceo told cnbc, you might be doubling down, too it's time to risk less and make more the action begins right now. >>> we're going to get taall that but, first, we start with breaking news on intel and broadcom let's get to courtney in the newsroom >> this just crossing right now from dow jones dow jones reporting according to sources that intel is considering acquisitional alternatives including possibly looking at broadcom. broadcom is working to take over qualcomm and that deal, of course, is getting difficult you can see shares of intel aren't moving. broadcom shares are moving higher after hours at this point. qualcomm shares down just slightly on this report from dow jones citing sources that intel is looking into possible acusitions including taking a look at what's going on with broadcom back over to you >> thank you >> this could possibly derail completely the qualcomm deals. you had actually pitched broadcom, right? >> i think broadcom is okay no matter what happens. they want qualcomm here

america those few days ago on cnbc has reportedly heading to the white house he could be announced as not the head of the national economic council. in the coming hours. the european union is continuing its efforts to win win one of those exemptions me wild washington's planted terrorists on steel and aluminum ports. which are set to begin next week lock is still preparing possible retaliatory measures if it doesn't succeed. and ease trade commissioner said she believed it from administration was motivated purely by economic concerns. rather than at the national security considerations that have been cited. meanwhile the eu council president urged all trump not to undermine long standing trans atlantic ties. attention is still a lot of the oceans between the u. adams selective. the last thing we need to the great wall. so we started fighting with each of the u. s.. we should go back. folks. make a flow to office the president. allies consider turning to the world trade organization for support over those brewing trade tensions united states has lodged a complaint of its own the us tra

thanks so much. >>> let's get to sue herera a cnbc news update at this hour. hey. >> good morning, michele thank you very much. here's what's happening at this hour, everyone some late details on that armed man who took hostages in a su r supermarket in southern france today. the attacker killed by police but the french interior minister said the shooter killed three people and the french president macron is calling it a terror attack >>> a major cyber attack hitting atlanta and everyone who has done business with that city may be at risk the attack causing an outage of various applications including some customers use to pay bills or court-related information. >>> a new york city firefighter was killed while fighting a five-alarm blaze last night. he was a 15-year veteran of the fdny the fire broke out in the basement of a building that was being used as a movie set. >>> and it's a bird, it's a plane, actually it just could be a new amazon drone the tech company issued a patent for a drone that can interpret gestures and voice commands, among many other thing

what i got for cnbc >> that's what you call a no comment there in legalese. look, john dowd is leaving the implication here is that the trump team would like to get a little tougher or a lot tougher, maybe with the mueller probe the president was asked today if he would like to sit down with special counsel mueller. he said he would like to do that the question is whether this legal team, now with the addition of another lawyer the president's brought on in recent days, if this legal team wants the legal team to sit down with mueller. that could be an epic showdown if that interview ever does happen, guys. >> eamon, it could, indeed we'll discuss what all of this means for the markets. cnbc contributor peter costa, president of empire executions and art cashin, usb financial services are here. arthur, at the end of "power lunch" they showed the results of a twitter poll in terms of what was responsibility for today's selloff, like tariffs, fed, the president tariffs was in the lead. >> i thought i came on because of the high volatility but i realize i'm just