. >>> well, today is the day scott cohn will reveal the top state for business scott, where are you what do you have coming up >> reporter: i'm not going to tell you yet where i am. we're going to drag this out a little bit to remember the top state from a visit we'll recap and tell you what we had this morning very interested morning unveiling our america's top ten states for business. >>> welcome back you're watching "squawk box," live from the nasdaq market site in times square. >>> good morning welcome back to "squawk box. we are looking at a higher open building off of yesterday's gain the dow and s&p yesterday had their best gains in more than a month. the s&p looking to be up by 5 1/2 points dow looking at 62 at the open. nasdaq 25 above at the open. s&p banks up by 2.7% >>> on today's agenda, president trump is kicking off a week long european tour today his first stop brussels for a nato summit. he'll meet with prime minister theresa may and russian president vladimir putin we'll get the data at 10:00 a.m. eastern. there were more available jobs than people out of work. is he re

scott cohn has that part of the tonightr us >> alaska, the last frontier is the last place state in 2018. oil is th state's lifeblood and the price of oil has increased, but not enough to meaningfully boost production on the north slope in a sta that depends on oil for 85% of its revenue. >> the result, alaska had to do something this year that it has never done before. it dippe into its oil well, the so-called alaska permanent fund to head off the $2.5 billion budget deficit, a controversise move bect reduces the oil dividend that alaskans receive eachier. governor bill walker says it puts the state on a more sustainable path, but damage is already done. unemployment is the highest in the nation. workers are fleeing. business capital is steering heclear and for t first time since 2009, alaska is america's bottom state for business. >> for "nightly business report," i'm scott cohn. >>> he aays does such a great job. >> oil is very much a part of their economy right now, but it's all about a job growth if you're not getting that, they're at the bottom there. that will do it tonight for us

scott cohn is in the lone star state for us tonight ♪ >> year after year, from the hill country to the gulf coast, no s has more of what it takes to compete than texas, america's top infrastructure. >> this is the energyit c of the world. >> ready access to capital and a culture of innovation, but this year texas has something else. >> a prop rightour here. >> yan see it at the mulberry cafe in midland, one of the fastest growing cities in america. >> j startinguary 1, the city became on fire. >> texas crude up some f60%m a year ago, helping make texas america's top economy wit more than 350,000 new jobs in the st year. >> texas is the number one state in the united states f any migration from other states. people are voting with their feet. people are comingatp to the of texas more than any other state and there's people and companies. >> but, texas does poorly in education. no state has a larger percentage of people without health insurance. crime is u d and theocratic nominee for governor warns about the message that's senty message by a state ban on es sanctuary polior immigrants a

don't live life without it. >> tech txas, we now know is tho state for business and scott cohn is here with a state that's most improved. scott? >> this one actually surprised us this is a state with a long and storied business history, but never been much of a factor in our top state ranking since we started in 2007, but this year, america's most improved state for business is new york let's not get carried away -- new york is still expensive, heavily regulated and did we mention expensive? it's also just in the middle of the pack at number 27, but united technologies could have put its digital accelerator facility developing software for the entire company anywhere in the country and it chose brooklyn. >> anyone who aspires to do something like this it has to be about talent new york has a terrific base of universities and talent to access at every career stage. >> new york has america's most educated workforce according to our study. it's in the top five for access to capital and technology and innovation >> in new york, i feel like there's technology and all sorts of different indu

scott cohn is crunching the categories, working on this for months he joins us now with more. scott? >> reporter: hi, morgan. remember, we rate the states not just overall but ten categories of competitiveness there is a top state in each of those categories here is this year's honor roll or call it honor wall. work force, most important category is massachusetts. not only does massachusetts have one of the most educated work forces, no state with a better record on worker training programs infrastructure, almost no contest, texas is number one ships the most commodities by dollar value, and texas bridges are the best in the nation cost of doing business arkansas, wages and utility costs are low and you can get industrial space for a song. the best economy is texas with a wealth of industries, these days lots of oil wealth as well quality of life, vermont, edging o out hawaii technology and innovation, california no state earned more patents and attracting science research money. education is massachusetts business friendliness, legal and regulatory climate, new hampshire wher

scott cohn of nbc's "american greed" looks at one of those scams and how you can avoid becoming a victim. >> king ping kenny chapmanliook famies at the lowest point they could imagine and made life even worse. >> the collateral damage that has been done by kenny chapman and the other facilities florida to the parents, to the siblings, is insurmountable. >> reporter: in a story told in the next "american greed," chapman's south florida chain of treatment facilities were, in fact, vehicles for him to collect reimbursements. instead of getting patients off drugs, he gave them more to keep th insurance money coming in. rehabas become big business, and where there's big money, there's big potential for wrongdoing. some unregulated treatment centers can do more harm than good. >> you know, if there's ever an area where let the buyer beware, this is one. and i can't stress that enough. >> reporter: mark neschick that's because regulations vary from state to state. se he has be ware of anything offered for free. that could be a sign of kickbacks. and be sure to visit the facility beforehand. >>

and scott cohn is in that mystery state right now. trying to take a look. give us a tease. >> well, a mystery it's going to remain just a little while longer the way we come up with america's top state for business is primarily data, but we also go out around the country trying to test some of that data. coming up we'll look at one of the studies for our travels. it involves thhee lp wanted signs. that's coming up on "the closing bell." originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. >>> welcome back to "the closing bell." harvey weinstein back in court ipnew york city pleading not guilty to more sexual assault charge hey, contessa. >> hi there. so harvey weinstein is facing more charges the former studio head 66 years old walked into court. the most searerous are fe

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scott cohn has an example. >> it's dinnertime at the four taarter restaurant. the most impornt meal of the day because it's the only meal when they're open. >> the only thing that's holding you back is not being able to find people? >> absolute. >> the idea of trying to open more svices here. you know, it's not even -- we can't even barely staff our dinner service. >> the four quarter is in madison,t wisconsin, could be in almost any other state. the labor department 6 reports pngt 7 million job openings nationwide. more openings than there are unemployed people to fill them. in especially short supply? skilled workers whether on computers or inhe ki. it's really bad in wisconsin, with unemployment at historic lows. that'seyond theiant fox plant that's supposed to add 13,000 jobs. i wisconsi targeting chicago millennials. an hour commute or an hour with friends. in wisconsin, the average commute is it less than 22 minutes. >> patrick cunningham and h wife made the move 3 1/2 years ago. >> beer and cheese, tt's farming, that's all people think of. >> state offic

have you ever gotten a single little tip from scott cohn the man is like a vault. >> i'm working with him trying to play along with it. is it bigger than a bread basket >> yes, it's bigger than a bread basket it's a state, joe. >> okay, you can do this is it a red state or a blue state? >> it's a state, joe >> is it, uhm, landlocked? >> is it landlocked? no, see, that, i'm not going to say that >> see, that pause -- >> i'll tell what we're going to do >> almost land locked and he had to think about it for a second >> michigan, could be on the great lakes. wisconsin? >> i'm not taking anything from the pause. >> no? >> that's probably wise, early in the morning >> does it start with an "n" there's a lot of states with the "n." >> this is monot wheel of fortue >> what do you think it is from your travels around, what do you think >> it's not new jersey i atell you that >> i'm thinking vermont. >> vermont >> they got one company i think. >> ben & jerry's it isn't based in vermont anymore. but owned by unilever. >> probably short list of an amazon headquarter of the list, one of those com

scott, thank you scott cohn, as we continue to guess here we're also keeping an eye on shalmese shares, this after pricing at the low end of the range, our emily tan has more on the chinese smart phone manufacturer from hong kong. >> xiaomi made its debut on the hong kong stock exchange today, and was the day's highest trading stock. it priced at 17 hong kong dollars after falling as much as 6%, but closing down 1%. the company raised a billion dollars after fees and commissions, xiaomi was one of the most anticipated ipos this year, however it comes at a time when chinese markets have fallen down, linger over the u.s. trade war. and it's also the biggest tech ipo in four years since alibaba. and it has become the first stock trading with weighted voting rights. there's a growing list of tech companies looking to raise funds in hong kong back to you. >> our thanks to emily for that. guys talk about bad timing, to go public the monday after those tariffs, back and forth between china. certainly that could be part of the disappointment here. but there are also always questions as emily s

but i don't know gary, you -- cohen, scott cohn anyway, what's up? bets lest go to gary in new mexico gary >> caller: good afternoon, jim thanks for the opportunity >> i like that regina i like that. what's up? >> caller: i called to ask about celgene in your opinion, they just reported -- really, after the close, they reported that they made a breakthrough of a particular illness i do think the biotech group is going up my friend stefan link has been recommending gilead. i think that celgene is part of an overall group movement. rod in pennsylvania? >> caller: good morning -- or good afternoon, rather ron from mount vessel, pennsylvania boo-yah. an hour away from your eagles. bb and c a merger with a few smaller banks. >> i like the regional banks thank heavens, pnc reports friday that determines how bb & t goes. that will be the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade coach. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo

but scott cohn is there right now looking at stories behind this report. some people said it looks like you were standing near some mesquite or something. >> it could be texas >> it should be texas every year, probably, scott? shouldn't it if you're totally fair, no give it -- what's it start with? what letter does it start with >> it's "a" "b" "c" "d" "e" "f" "g" -- there's a 1 in 26 chance. zbl >> it doesn't start with a "z" >> it does not, no it doesn't start with an "x" or a "y." so let me just kind of -- let's bring this back here the way we do this study every year which is the underlying thing that we keep you guessing about, a couple of things. we go through all sorts of data on all the states. we also travel around the country to see what's going on out there. and this state, all of the states are engaged in an increasingly brutal battle which is the most important here every state is in a war for workers. >> reporter: it's dinner time at the four quarter restaurant. the most important meal of the day. because it's the only meal when they're open

scott cohn will be live from the mystery top state next week. always keeps us guessing to the bitter end today he joins us live from silicon valley that i know is in california with a look at what to expect. hey there, scott hi, michele. we lookto it every year we try to hold the stakes to the qualities they sell themselves if more states are talking about workforce, workforce carries more weight in our studies we do this across ten categories and then 60 plus metrics across those coordination no one puts the states through their paces like top states for business does. we have 2,500 total possible states the state with the most is where i will be starting on monday now we like to gut check these categories a bit, and how we set up this study, so we turn every year to our cnbc global cfo council. cfos across a wide section of public and private companies we asked them what they are looking for in a location, and sure enough nearly two-thirds say that workforce is the top priority for them as well, just like it is in our study, for them cost of d

. >> scott, thanks very much scott cohn we'll be watching. >> for more on labor shortage fears we are reaching a critical point in it hid over to cnbc.com up next, oil's recently run hitting a road brock you can see on the chart a drop at 10:00 this morning. there you see it boom. the news behind that above and the trade tensions between u.s. anchd ina about to go from simmer to boil tariff concern return. power lunch after this >>> hello everyone i'm sue her aire here is the cnbc news update the uk counterterrorism police tweeting out they know the patients exposed to nerve agent poisoneding handled a contaminated item. they said meticulous and systematic severance are under way at a number of sites in amesbury and salisbury a building at the john hops kins hospital complex evacuated because of possible tb exposure. emergency crews have been called in some people were exposed and they are being sheltered in place. >>> a car crashed into a motel in tampa, florida. before going up in flames this morning. the driver lost control of the vehicle after making an improper lane change and hi

. >> is it in scott cohn's best business state or nearby >> i don't think massachusetts would qualify. >> no. although we think -- >> this might be it. we think there's a chance. >> you know, school's a big part of it. biotech and they do have tech there. >> route 128 >> there's a lot of talk about hq-2 of amazon going to massachusetts. >> you came to play. >> no. he came to talk about jobs >> thank you, andrew as far eastern mass as you can connect on cape cod. >> for fishing and stuff. >> true. and my mother-in-law and all kinds of fun things. there are a lot of questions surrounding this morning's employment report. are there enough workers to staff the growing economy? if not, will wages rise to reflect job market strength and will trade wars have an effect here are the numbers we're looking for. payroll estimate of 195,000. that is strong plus or minus even 50,000 is a strong report. may payrolls were 223,000. don't read the headlines that said it fell it didn't fall 3.8% unemployment rate very low average hourly wages seem pretty strong at 0.3% maybe light for the private sector

latest official that the trump administration has excreted, in a little over a year they have lost gary cohn, hope hicks, rob porter omarosa, tom pries, steve bannon, reince priebus, sean spiesesser, an anthony scaramucci, sebastian gorka michael flynn, dr. ronny jackson and rex tillerson. so many people that we snuck in wilford brimley and you didn't even notice. right there. hey,-- for those of us in the media, this ongoing staff purge is -- is amazing to watch. it's like a form of blood support. we ever we're riffity-- rivetted it is like something out of the hunger games. no, wait! it is the hungary to leave power games. -- hungry to leave power games. yes, hello! welcome. welcome citizens, one and all to the hungry to leave power games! oh, hmmmm, someone is getting erased. come caligula. come boy, yes, yes, down, down. tonight, citizens, we honor epa head scott pruitt. a man whose only flaw was being terrible. (laughter) s ahead of the epa pruitt had a passion for protecting our nation's fragile industrialists. early on he met privately with the ceo of dow chemical whereupon he decided

. >> i want to give special thanks to administrator scott pruitt. >>> d.a. secretary david shulkin. >> h.r. mcmaster. >> i wish rex tillerson well. >> gary cohn, the president of goldman sachs. >> director comey. >> the greatest businessman in the world, carl icahn. >> amoroso is a nice person. >> general mike flynn. >> you know sean spicer. >> i like mr. bennett. >> reince is really a star. >> secretary price is behind me. >> we're really at a point where we're getting close to having the cabinet and other things that i want. olay ultra moisture body wash gives skin the moisture it needs and keeps it there longer with lock-in moisture technology skin is petal smooth after all, a cleanser's just a cleanser unless it's olay. after a scratch so small rocket you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪ >>> we'd like to know if there is any factual basis for the i

before we go, with the news cycle as wild as it is, it is hard to believe that scott pruitt resigned just five days ago. as stephen colbert reminds us, he is just a small part of a very big list. >> in a little over a year, they've lost gary cohn, hope hicks, omarosa, steve price, sean spicer, scarmucci, gorka, h.r. mcmaster and rex tillerson. so many people that we snuck in willford brimley and you didn't notice. even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take lon