Shes off today. Also my birthday. We share the same birthday. Happy bee late. Welcome to Worldwide Exchange from us both. Lets have a check in on markets right now. We are by a quarter of 1 as you can see. The dow expected to open 33 points higher. Friday took into positive territory for the week. Friday, took us into positive territory to the tune of half a percent of that strongs jobs number. We also saw the bond markets retookt that. Some selling of the bonds allowing yields to tick up slightly. 1. 576. The uk bond market as well. Thats been moving in the opposite direction following bank of england meeting last week. 0. 65 on the tenyear. Its moved sharply since brexit and the Monetary Policy meeting last week. Significant moves in the opposite droex what the u. S. Bond market has seen. Lets look at european equities this morning. Higher across the board. One notable piece of Economic Data. German Industrial Production rising more than expected in june. Bouncing back from a decline from the previous month. Also point out that French Business sentiment rebounding in sdwrul from an 18month low in june. In asia, overnight, new data shows that chinas exports and imports dropped more than expected. Exports declining by 4. 4 . Sis appointing data from china. Closing in positive territory. The japanese nikkei average hitting a oneweek high up 2. 4 . Both europe and asia responding to the strong jobs number that we had on friday. Wall streets gains on friday afternoon. Lets look at oil prices. 1. 5 . Wti at 42. 4. Last week, oil prices gained around half a percent. Breaking a twoweek losing streak. The dollar saw gains to the tune of around sorry. Saw gains around 0. 8 . The broader index. Today the dollar gaining against the yen. Thats one of the reasons why the nikkei was strong. Lets check in on these numbers. Slightly softer today. At 13. 36. Now to the political news. Republican president ial nominee, donald trump is set to turn his focus to Economic Policy today. In a speech to the detroit economic club, trump is expected to propose allowing parents to deduct spending on child care from income taxes as a wealthy businessman, trump will look to counter Hillary Clintons argument that hes out of touch with working families when unveiling his plan today. He will also highlight that his business policies will encourage companies to remain in the united states, which is a top concern of blue collar workers. Rival Hillary Clinton is expected to focus on her plans for the economy on a speech on thursday in detroit. So far, shes focused her plans on job creation, supporting Small Businesses and strengthening the economy. Now to the talk corporate. The trade commission on suspicion of antitrust practices. This according to a report in the nikkei. Amazon japan is suspected of imposing conditions on retailers like forcing them to sell products at a low price if they were advertising on other Online Shopping sites. Amazon not really reacting in the free market for u. S. Trade. Britains top production formal probe into airbus. Theyll look into the airplane makers use of overseas consultants and allegations of fraud, bribery and production. Thousands of delta passengers due to a system wide computer failure. Our systems are down everywhere. In response to a user complaint. Passengers have reported delays at airports including london, heathrow, tokyo and los angeles. Some more stocks to watch today. Walmart is set to acquire the online bulk retailer jet. Com. According to reports, the deal is expected to value jet at 3 billion and will be announced later today. In other news, the South African retailer will buy a firm for 3. 8 billion. Stein hof will pay 64 per share, which is 115 premium to mattress firms friday close. Its up 1. 5 in free market today. Panasonic over the possible sale of controlling stake in a car battery manufacturing ventura cording to reports. Nissan owns 51 stake in the firm that makes lithium ion batteries for electric cars. Speaking of that, tesla disclosing a 1. 1 billion in Third Quarter cash needs. The company is saying it needs the money to pay payments and go through with planned expenditures. This as it finishes construction of its massive battery fakry in nevada. Abbvie sued the farm suit al company alleging misrepresentation and admissions related to failed attempt to buy dublinbased shire. Berkshire hathaway saw profit rise. Helped by an improvement in insurance underwriting. The agenda on wall street. Tomorrow look for the first read on Second Quarter productivity and labor costs. Thursday, import prices. Friday, retail sales. This week we have one dow component and 17 s p 500 companies reporting. Well hear from them today. Tomorrow, solar city. Wednesday shake shack. Thursday, al bab i, macys. On friday, j. C. Penney. Staying on the consumer theme, drivers may want to get one last road trip to make the most of lower gasoline prices. Landon dowdy joins us with more. Good morning to you. The lundberg tracks it at 2500 stations. Heres the latest look. The average price dropping . 06 to 2. 16 a gallon. Thats 55 cents lower than a year ago. The price of it has gone down . 21. Analysts say as soon as the slump ends gas price the price of crude is declining, down 5 over the past three months. But that decline is starting to slow. So what is the city with the highest pump prices. San diego currently at 2. 70 per gallon for unleaded. Jackson, mississippi, at the low price of 1. 81 a gallon. Its down . 04 from a week ago. Landon, thank you very much for that. Gawker media is engaged in preliminary talks with hulk hogan to reach a settlement according to the wall street journal. Over 140 Million Court judgment over invasion of privacy that led gawkers to file for bankruptcy protection. This comes a week ahead of the court administered auction. Nick denton will lose control of. Your trade of the day, august can be a rough one for the weak of heart. Well bring you three most likely to profit in times of first, our twitter question. Trump is switching focus to the economy. Is tough rhetoric on free trade going to go down well . Get involved with us. Well discuss that and much more at Worldwide Exchange come ung. What i love about the tempurbreeze bed is its cool. So youre not too hot, too cold, youre just perfect. Sleep cooler, wake more refreshed, discover the new tempur breeze. Learn how you can change your sleep by requesting a free sample of tempur material. Call or click today. Its realizing beauty, doesnt stop at my chin. Rocs formula adapts to delicate skin areas. My fine lines here, visibly reduced in 4 weeks. Chest, neck and face cream from roc. Methods, not miracles. Welcome back. Get up it speed on the market action. Higher open on wall street. Only by a quarter percent. The dow higher by 46 point. That was after fridays gains put the u. S. Indices into positive territory. Wti cloegs slightly higher. Quickly want to show you asia. Europe and asia, particularly asia have been pulled higher by wall streets gains on friday. The nikkei was up 2. 5 as the yen fell around half a percent earlier today. Seema. The socalled fear gauge, the volatility index dropping to the lowest level since last august. But this month is historically known for nasty market surprises. Using Analytics Tool can show our what might other can you remember if the vix jumped back. They tend to do well with Exchange Rate of funds. They profit in times of worry according to the gold trust and bnd the total bond fund. You can go to cnbc the equity market showing us different stories. Equity, the investors are confident in the economy. Perhaps a bit more bullish. Bonds, though, with record low yields says the investor is risk averse. In the u. S. , we started to move away from them slightly on friday as we got back to better than expected jobs number. Japanese Emperor Akihito making a rare video address to the public today. Hinting that he might step down. The 82yearold saying it may become difficult to adequately fulfill his official duties. Japans emperor has no political back. It would be unprecedented to have an emperor step down. If he were to abdicate, it would be the first time a japanese emperor has done that since 1817. Interesting to watch. In turkey, istanbul, more than 1 Million People gathered on sunday in a rally staged by president erdogan. The socalled democracy and rally was aimed to show strength after last months failed mi military coup. Breaking news out of pakistan this morning. A massive bomb went off on the government run hospital in the southwestern part of the country. Police say at least 53 people are dead and dozens are wounded. No group immediately claiming responsibility at this stage. Switching focus now. The crip toe currency explaining which lost over 70 million last week to hackers telling customers that they would lose over 36 of their assets that they had on the platform but would be compensated for those losses with tokens of credit. Hackers took yearly 120,000 bitcoins in the second biggest breach ever in u. S. Dollar terms. Still to come on Worldwide Exchange, your money, your vote. Donald trump heads to detroit to roll out his economic plan. Well talk expectations coming up. First, as we head to break, heres the National Forecast from jen carfagno. Weve had a lot of rain in store for the gulf coast. It started happening over the weekend with more than a foot of rain out around cedar key, florida. Well keep it going today. Its north of tampa along floridas nature coast. Along the Emerald Coast and destine and panama city. The rest of the southeast looking at rain still. The northeast looks phenomenal. The front is through. Humidity is down. Temperatures are up. Very comfortable thanks to that low humidity. Northwest we had thunderstorms over the weekend. Well see the risk for that today. Cloudy with 69 degrees. Windy and warm across the high plains. That trend will continue across the southern plains. Temperatures in dallas hit 1 hurnplus again today. Thats your coast to coast forecast. Im jen carfagno. Whats it like to be in good hands . Like finding new ways to be taken care of. Home, car, Life Insurance obviously, ohhh. But with added touches you cant get everywhere else, like claim free rewards. Or safe driving bonus checks. Even a claim satisfaction guaranteeeeeeeeeee in means Protection Plus unique extras only from an expert allstate agent. Its good to be in, good hands. Strong day for markets on friday. 255,000. Beating consensus of economists. That sending the s p and the nasdaq to new record levels and futures right now are pointing to a higher open. The s p 500 indicated higher. Dow jones up 32 points in premarket trade. Investors not just on the equity side but currency as well digesting the payroll report. The euro slightly higher against the u. S. Dollar. Keep an eye on the pound hitting a low last week on the fresh strim lsu from the bank of england. The yen weaker against the u. S. Dollar. Japanese stocks hitting a one week high in todays trade. A quick look at oil. The direction of the price of Oil Following last week. We did see oil dip below 40. Entering bear marketer torrey. Here on monday, though,. Now to the olympics. Here are the highlights from primetime in rio. We saw the first glimpse of the u. S. Womens Gymnastics Team and americans swimming for gold. Jay gray has all the details. Team usa making waves in the olympic pool led by 19yearold Katie Ledecky who shattered her own world record winning gold in the 400 free. Feels good. Its great to be up there on the podium. That top spot on the podium is a place Michael Phelps is used to. He added a 19th gold medal to his collection as the mens relay team edged out france. In the gym, the american women looked almost unstoppable. Nearly sweeping the qualifying events as a team. Simone biles and aly raisman securing a spot in the individual all around competent stigs. I think were ready to compete. Theyll get that chance on tuesday while the men back in action today. The u. S. Team currently in second place. Jay gray, nbc news, rio. Both phelps and ledecky are back in the pool today and Kerri Walsh Jennings and april ross will play under the lights on copacabana beach looking to advance in the beach volleyball. Lots more to come. Absolutely. Now to politics. A new poll shows Hillary Clinton and donald trump running even among voters on the issue of handling the economy. Both are making major speeches this week on their plans to improve the countrys economic future. Tracie potts joins us with that story from washington. Tracie, good morning. Hi there. Good morning. For people looking for substance in this campaign, this could be the week. Economic details from both candidates starting with donald trump today who is now getting the support of one member of the bush family. The first bush, jebs son, is going public to support donald trump. [ inaudible ] get back up and you help and you make sure that we stop Hillary Clinton. Trump goes to the heart of American Manufacturing today. Detroit. To lay out his economic plan. Our country is losing its company. Our country is losing its jobs. Our trade deficits are massive all over the world. Trump expected to focus on taxes, energy, government regulation and trade. Avoiding deals like the tpp. Hillary clintons running mate says hell vote against it. We cant have a deal that cannot be enforced. Trump ally Newt Gingrich admits the candidates numbers dont add up. Of course not. Historically, no candidate has numbers that add up. Particularly in the media. Talk more about what republicans want to see and talk about. Jobs, the economy. Strong foreign policy. Aides say clintons economic speech thursday also in detroit will focus on the big jobs package hes promised in her first 100 days. And economy that works for middle class families, not just the rich. A new poll puts her 8 points ahead of trump. But theyre about even on who voters trust to deal with the economy. Interestingly, too, in that same poll, voters said that they do prefer clintons temperament over donald trumps. But most of them in that poll still have a problem with her honesty. Its going to be interesting to see the economic plains laid out, particularly on the trump side that weve heard in the past. Antifree trade rhetoric. Is there any indication of how well thats likely to go down . People very divided on that issue. People are quite divided. Although when it comes to the candidates, youve got democrats who are wary of this tpp. This trans pask partnership trade deal that hes talked. It will be interesting to see what he has to say on that. On a more domestic front, hes put things out there, like full child care deduction to compete with some of the things that democrats have been pushing for years. Tracie, i suppose the other area, we know its always been hard for him to unite the Republican Party behind him. How much worse is the development of the last week where actively hes got republicans denouncing him as opposed to lacking support . Sure, i think the campaign and perhaps the candidate himself much more aware of that now. Certainly his Campaign Chair said that over the weekend. He knows what direction he needs to go in. We saw him go back x backtrack and endorse paul ryan and endorse john mccain. Something even his allies said he should have done in the first place. Tracie, thank you very much. As ever, tracie potts live in washington for us. In sports news, arod is retiring. The new york yankees and Alex Rodriguez announcing his last game will be on friday. Arod has p career home runs putting him fourth on the alltime best list. Weve got mixed pictures there. Hes continued to work with the yankees through next year as a special adviser and instructor if you want to see his last game in pinstripes, prepare to pay up. Following the yankees announcement, tick iq said the average price for the game soared by more than 500 . I still havent seen a baseball game. Maybe that should be my first. You have to now that youre a new york resident. Hot dogs and beer at the baseball game. One. Bers things. Golf news, history in hartford, connecticut. Jim furyk shot a pga tour record 58 yesterday at the travelers championship. He made ten birdies and an eagle. The previous record was 59. To soccer and paul hog ber close to joining the highest ever paid. A record smashing 116 million. Crazy stuff. Its not been confirmed yet, looking like it might be any time in the next couple of days. Still to come at this mornings top stories. Delta says its flights are grounded nationwide after a system outage. A report from the airport coming up. It stinks in here. Youve got to wash this whole room are you kidding . Wash it . Lets wash it with febreze. For all the things you cant wash, use febreze. Fabric refresher whoa hey mrs. Walker inhales hey, it smells nice in here and try pluggable febreze, with up to 4 times the freshness. In one refill. Pluggable febreze and fabric refresher. [inhale exhale mnemonic]. Two more ways to breathe happy developing story. Delta flights are grounded nationwide after a system outage. A new report coming up. Walmart set to buy jet. Com for 3 billion. Announcement expected today. Box Office Winners and losers from the weekend. Its monday, august 8, 2016. Youre watching Worldwide Exchange on cnbc. Good morning. Warm welcome to Worldwide Exchange on wilfred frost. And seema moody in for sara this morning. Good morning. Lets check in on the global markets. Were expecting a higher on wall street. Albeit a small one. To the tune of a quarter of 1 . The dow higher than 30 pints. The s p by 3. 6. The nasdaq by 10 points. We had decent gains on friday. Also taking the week as a whole into positive territory for the indices. The Strong Performance on friday, europe is higher. Albeit not as high as asia. 1 of gains in germany and less in the rest of europe. Asia, particularly strong gains for the japanese market. Weve seen a slightly weaker yen which helped there. Disappointing data out of china in terms of trade. That hasnt weighed on the markets. Shanghai got 1 . The broader market, theres an interesting discussion around the direction of the price of oil. Breaking below 40. In the session higher by 1. 3 . Trading at 42. 33. Well be speaking to an oil expert coming up. The blockbuster u. S. Jobs report has High Expectations that the feds will raise rates in september. Slightly higher across a basket of currencies at this point in todays trade. Of course, gold continues to catch the attention of traders. Now, up about 21 in 2016. Many factors including low rates helping gold outperform assets. The best performing assets in 2016. The big question is, how high can it go from here . A lot of people say if the fed holds up, maybe theres more room to go. Absolutely right. I think moving past brexit, it means more fundamental reasons to go higher. Central bank policy. Actual demand for the shiny absolutely right. Lets switch focus back to another oil commodity. Oil prices which are higher. Dropped below 40 briefly last week. Joining us from london, oil analyst at barclays. Thanks for joining us. Good morning. Weve heard things in the past. Will it actually happen. Its looking unlikely. Again, its a cue for sentiment. It has helped steer sentiment in the past. They are looking to do the same again given the have we understand its venezuela, ecuador, kuwait. Havent heard much noise from the saudis and a bit of a dismissal of a statement from novak of russia as well. The puzzle still remains and i wouldnt say we would really be looking forward to an miss win, at one point, we saw a temporary balance in the price of oil. What do you think is the main catalyst behind the recent selloff . Its the product market. Refined products are gasoline, diesel. Refineries have enjoyed the first half of the year. Theyve been building those products much more than that could have been absolved by the market. Thats now returning. It is a case where refineries are falling. The refineries are not costing as much as in q1 and q2. Demand overall has been growing at onethird of the rate as last year. Last year we were in a similar now were at 0. 7, 0. 8. The supply side is adjusting. Prices are recovering going into q4. When we talk about that slower demand growth, which geographic regions account for that underpefrjs as it were. China is one, europe the other. I would say the u. S. As well. Weve had a good season in the u. S. This was very unexpected. Deals still fell weak. Weve got some support because of el nino in the summer. I would highlight china as well as europe as the weak points for demand. How important is china for the direction of oil prices . Weve got that disappointing trade data overnight. This week, loan growth and money supply and retail sales from the second largest economy in the world. I mean, if that continues to disappoint. Where do oil prices go from here . Yes, youre right. The data that came out today, for instance, in terms of chinese imports, off crude, they have been fairly weak. The trend does show a bit of a down from the start of this year. It is also driven very much by product exports, by the fact that theyre also they were storing quite a bit of crude earlier on this year. They can rely on that when prices move higher. Theyre playing the balancing act when it comes to importing crude. We see they have a bit of commercial storage. We see them returning. Overall, its not china thats driving the market at the moment in terms of demand. Its india, the other countries in asia and the middle east. Theyre holding on so far. Sum it up for us. Whats your price target for the rest of the year . Weve got 50 a barrel in q4. 45 a barrel for q3 as well. Q3, 45ds and then q4, we see it recovering 50 a barrel. The supply side is adjusted and it will become the demand that were having. Those prices, brent forecast not thank you very much for joining us. Now to a developing story. Delta says its flights are grounded nationwide after a system outage. Nbcs Tracy Strahan joins us from newark arm. What do we know at this point . Not much. Thats according to the passengers lining up at this terminal unaware that flights have been grounded. Not just nationwide but globally for the nations number two carrier. We had a chance to go inside of Newark Liberty airport and people trying to check in werent able to do so. Just the buffering circle and telling them to see a gate agent. Delta has been responding to many passenger complaints and they were saying, quote, they know that there is a system outage and hopefully it would be resolved soon. Not soon enough for some of the passengers we spoke with at Newark Liberty airport who were unaware of what was happening until they showed up. Didnt tell us anything. No email, nothing. It says sorry, an agent needs to check me in. You should get an email or something telling me something is wrong. We didnt get anything. Reporter this has been going on for a couple of hours now. Its not throughout the Early Morning hours, a lot of people taking to social media asking delta what they should do, how they should proceed. Weve reached out to delta for a comment. Theyre only saying that flights have been grounded nationwide. Well continue to bring you updates on the story as theyre available. Back to you. Tracie, delta, have they made comments on flights in the air already . Are they all right . Reporter we have heard that theyre okay according to social media and their company line was responding to those passengers. They say flights in the air have not been affected by this computer outage. Only the flights set to depart. Tracie, thats good to hear. Thanks for reporting from newark airport. In other kporpt news, walmart set to acquire jet. Com. Its valued at 3 billion and will be announced later today. Time for the trending stories. Vie ralg video alert. Hillary Clintons Campaign releasing a behindthescenes look at the dnc. The video showing president obama listening to lose yourself, eminems he to get pumped up for his speech. I love that. So epic. Its fantastic. I love the response has been powerful. Often the politicians caught doing Something Like this it gets the even leaders need something to get them pumped up. That song seemed to work for him last week. A match made in instagram heaven. Theying they took over disneys the hamilton creator choosing music from the little mermaid, aladdin and more. He has a platform. Why not share his voice and help is that what hes going to do next . Play a leading role for disney. Were not sure whats next for him. Perhaps its a big move. Favorite disney movie . Beauty and the beast. Lion king. No doubt about it. Behind happy feet and the lego movies, the Australian Company called animal logic introducing a postgraduate degree in animation and visualization. The students will be able to practice skills and ones currently working on guardians of the galaxy, volume 2. Snie focused postgraduate degree. It really is. Sticking with entertainment moviegoers headed to the theaters proving villains still dominate the box office. Landon dowdy, what movie was that . Superheroes showing superhero as Warner Brothers suicide squad takes first place at the box office breaking august records with 135 million open. Despite scathing reviews, will smith and margo robby teamed to score the largest. Earning 65 million. The bad reviews cant killed the squad. Thats the third biggest opening behind captain america, civil war and Warner Brothers batman versus superman. The question is, can the trend continue second week in numbers tend to tumble. This will inspire a halloween costume. Youve been known to be wolverine, pinocchio. It might do. I have an idea for halloween already. Already . Already. Youre a planner. Im not even joking. Havent seen that film yet. It had terrible reviews it did. But it did really well. On the friday and saturday, it drops interest 41 . Batman v superman and watched recently. Terrible. I did too. I watched it and i thought it was good. There we go. This is what makes a landon, thank you very much for that. Nbcuniversal will obtain commercial tv rights to eight harry potter movies and the fantastic beast franchise. Theyll air mainly on the scifi and u. S. Channels. Nbc Spokesman Says the sevenyear deal is the largest movie acquisition in the companys history. Reporting the deal which goes into effect in 2018, could be valued as high as 250 million. Nbc is, of course, the Parent Company of cnbc. Coming up, todays must reads. But first, our facebook and twitter question of the day. Donald trump is twitching focus to the economy. Is top rhetoric on free trade going to go down well . Send us your thoughts. Tweet us at cnbc. See you in a s. E. C. [announcer] is it a force of nature . Or a sales event . The summer of audi sales event is here. Get up to a 5,000 bonus on select audi models. The washington post, i picked one by larry somers. Growth and fairness on to hes saying they can come together. The most important thing to deliver fairness is headline growth. He writes, at a moment when cost zero, the stock market it at a record high and businesses earning record profit margins, we do not need to bribe business toss make investments. Thats not going to seem worthwhile. Whats needed is more demand for the product of businesses. He argues we should have large infrastructure spend and boost lowincome wages. This article in the washington post. I picked today of all days because the candidates focus on their economic projects this week. Absolutely. Be interesting to see specifically what the republican candidate has to say. My pick was also from the washington post. It was titled putin would eat trumps lunch. Controversial article saying after 15 years in power, he has tactical trump by comparison is similar. The consequences would not be the it would be the rise of russian influence. This speaks to. I read an article on this two weeks ago. If it really involves interfering in global politics. Weve seen signs of him funding things, specifically the national interesting enough, if you look at the rhetoric coming from donald trump, a lot of it speaks to what putin has been saying over the last couple of years. To weaken nato specifically. The latest on that front has been over the weekend getting bit closer with turkey. Someone who has usually been opposed to. That worrying the west itself. Of all the areas, the tough bits of rhetoric we hear from donald trump, the fact that hes aligned with from putin is one of the most surprising. One would expect it to backfire and it hasnt. And worrying as well. Still to come, well get you ready for the trading week ahead, Economic Data plus anthony chan, chief economist at Jpmorgan Chase will join us. Youre watching cnbc, first in business worldwide. Were expecting a positive open to the tune of a quarter of 1 . Higher by 35, 40 points. Getting momentum from oil markets which broke a losing streak last week. Were up again today. 1. 34 for wti crude at 42. 36. Gains across the screen really today. Europe and asia both higher. Were approaching the top of the hour. The team is getting ready for squawk box. Andrew has a look at whats coming up. Hey. Were basically focused on markets, were going to talk lots of trump today and then were going to talk a little bit of zika in between. Heres whats on tap. Steve forbes is going to join us, as you can imagine, a trump supporter. Going to talk about the economic speech that well be hearing later today at noon in detroit. Later, talking markets in the 7 00 hour well talk zika in between with anthony fouch. Rudy giuliani will join us, of course, a big supporter of donald trump. Not just about the economy and about trumps leadership and some of the conversations that theyve had behind the scenes. We hope to bring you all that in the next three hours. Will . We look forward to that in ten minutes time. A new week beginning on wall street. Heres a look at the agenda. Tomorrow, look for the first productivity and labor costs. Thursday, we get july import prices and on friday, july retail sales, Producer Prices and august consumer sentiment. Weve made it through the bulk of earnings season. Well hear from news corp. Today, tomorrow. Coach, disney and solar city. Wednesday, michael coors, wen wendys and shake shack. Have you had the burger . I have. I had the beef burger. Proud of you. Al bab i on thursday and macys a rounding out the week on friday is j. C. Penney. Joining us to talk about this week and about job support, anthony chan, chief economist at Jpmorgan Chase. Thanks for joining us this early. A blockbuster jobs report on friday. It raises the expectation of another fed rate rise potentially in september. Why is the market taking it as a positive development . The market is taking it positively because of comments suggesting that there are more speed bumps before the Federal Reserve ax. Theyre looking at International Developments and the implications for financial conditions to boil it down. Basically says not going to be so anxious to raise rates. One Market Reaction was suggesting slightly the opposite. Albeit in a pretty muted fashion. Somewhat your latest expectation for the next hike is when . I think right now the odds are overwhelmingly in december. Doesnt mean that september is completely off the table. You saw that tenyear creeping up to 157. So that suggests a little nervousness. Given the fed rhetoric, it suggests december is more likely. The international risks that you pointed out what, is the larger risk in terms of what the fed is looking at right now . Is it brexit or is it china . I think its a combination of both. Everybody knows if you look at the purchasing manager survey, it looks like the Third Quarter in the United Kingdom will be a negative quarter. There was a strong reaction by the bank of england. That may offset some of that. Right now, its dicey. In the next 12 months, there may be no economic growth. Thats why the bank ofening lands, mark carney basically said more to come possibly. More to come possibly. Certainly on his perspective. Is there more to come when we look at bond market gains across the rest of the world, particularly japan, germany, now in the uk weve seen a much lower uk tenyear bond yield . Does that move further . Do we see further easing and negative rates and more International Bonds . I think you may see more easing. Kuroda said hes not going to disappoint. When someone says that, it doesnt mean theyre thinking about theyre talking about easing more. In some ways, skeptics were saying kuroda didnt do enough by cutting rates and in negative territory. They were hoping for helicopter money stimulus to be announced. Do you think we could get that from japan . Thas thats challenging for ku kuroda. He was waiting for that fiscal package. I think he will come through in the next meeting. Lets talk about earnings seasoning e. Season. Still quite a few companies to come. Has Earnings Growth delivered . I think it is starting to deliver. It hasnt fully delivered. As we proceed later into the year, Energy Prices have come back after that bear market where we saw Energy Prices come down 20 . Of course, the dollar, if it stabilize sz, the its still down on a year to year basis. The negatively headwinds will dissipate as the year progresses. Thats why the consensus earnings are i think its too aggressive and it usually is before it comes. Certainly, strong earnings next year ending with a 5 to 7 are possible for the s p 500. The steep decline in oil, one could potentially say that forward looking earnings, particularly from the Energy Sector may not be remember that from the bottoms in the First Quarter, Energy Prices are up way higher. Theyre more than 50 higher than they were at the First Quarter of this year. The possibility of Energy Prices moving up, especially of opec surprising them do they ever surprise . Necessity might surprise. If that were seeing supply actually being cut back. Even in the u. S. , weve seen the supply of oil or production coming down. All those factors will help Energy Prices in terms of your sector preferences at the moment, the banks have responded a little bit to earnings season such that all s p 500 sectors now in positive territory. Is there going to be more momentum, the jobs market from friday . I think it will. It will boost loan demand. Of course, nothing is as good as a steepening yield curve. That will happen in time as the Federal Reserve comes and not disappoint before the end of the year. What are your top preferences sniemts technology, health care sector. We believe that see rentsly the discretionary will come through. The 4. 2 for Consumer Spending was robust and suggest tas consumers are coming through. Thats going to carry through, especially with more jobs being created. By the way, everyone complains about in employment saying it wasnt Strong Enough or petering out. The labor course rate is 3 Percentage Points from the high that we saw in 2008. If we say that Participation Rate going up, you can see more job creation and wage pressures not as intense. These sort of protection type assets have been bit up significantly whether gold or bonds in recents weeks or months. How are you advising complaints . Gold is not good hedge but as the Federal Reserve raises rates, thats not a good thing for Interest Rates are fairly low. Gold is still a winner. Do you see the s p 500 continuing its rally today . I think that the s p 500 will gradually continue to creep higher. Its anticipating next years earning. This year earnings will be flat to minus 1. So this year, the fundamentals are not as good. But the market is anticipating it. Anthony, great to have you with us. Anthony chan of Jpmorgan Chase. Around about 20 seconds ago. Thats the top of the agenda. China trade data. Seeing how market responds and inflation tomorrow. Oil prices dip below. But positive territory today. Thats it for Worldwide Exchange. Squawk box is next. Happy monday. Opec members call for an out put frooz. Reaction to the market deal news. Walmart set to buy jet retailer. Or retailer jet. Com for 3 billion. We have an announcement expected today. Business travelers, listen up. Delta airlines suffering a worldwide computer outage and flights around the world are grounded. Monday, august 8 pt, 2016. First week of the olympics is under way. Im celebrating as you can tell. Squawk box begins right now. Live from new york where business never sleeps, this is squawk box. Good morning everybody. Welcome to squawk box here on cnbc. Im not sure why were playing this song. But im becky quick. Andrew is to the right of me, joe kernen is off today. I dont want to be sitting in for us this hour is steve forbes. Chairman and editor of forbes media. Great to see you today. Great to be with you. Stuck in the middle. A lot to talk about. Well be rolling out an economic plan and stief will fill us in and talk about those details. In the meantime, lets look at the u. S. Equity futures. On friday, the s p 500 and the nasdaq setting new record closing highs. Niece are alltime highs. You can see this morning that there are green arrows once again this morning with the do