Eisen. Futures taking a lead this morning, so many of these aftermarkets are closed for the may bank holiday. This morning, plunging by about four points on the s p, 24 on the dow. Of course, it comes on the back of slight declines on friday. The nasdaq up. The dow just just let than 2 . S p up 1. 5. The month of aprils performance, the nasdaq was the best up over 2 . The others more like 1 . The story of last week, as opposed to last month with the performance of tech up 4 for the week. That was a part of intel that pointed, last week was under performance of oil. And we saw friday exxon and chevron extend the slide in terms of the Energy Sector performance. Lets have a look at the tenyear treasury note. In and around 3 . Jumped monday on the back of the French Election results which slipped slowly but surely to the week. Then the runoff this weekend as well. And the it will be interesting. Lets get to the Global Markets and market picture. Most european markets are closed for may day. Includes china, hong kong, south korea. Japan were the only major ones open. And were looking at gains in australia, also in japan really based on better earnings from technology firms. Japan offered the Bank Earnings kicked you have down under. Lets look at the markets, warning risks up again today. Despite, say, gaining on friday they were down for the week as a whole last week. Down around 0. 6 and 2. 5 for the month of april. And interesting last week, down 1 for the third week in a row. Its been down. Worth pointing out that the move very much on the strength pretty much at 1. 09 on the euro today. The pound and yen, nothing matching. Gold prices were down, 1. 7 for the week but up 1. 5 for the month. 1. 263. A lot of news coming out of washington. Nbc news reporting that a bill has been received on a deal to fund the government for the final five months of the fiscal year. The agreement will reportedly take the report of a shut john off the table. Vice president mike pence announcing that the golfs tax plan could increase the penalty. But on meet the press the deficit issue would be overcome by economic growth. Meanwhile white house chief of staff Reince Priebus hinting that the president may target the carried interest loophole. That would allow a Capital Gains tax rate on the income, instead of a higher income tax rate. As you know, there are a lot of things on the table as part of that tax plan. And that congressional spending bill to be signed sometime this week and still talking about repealing obamacare. And the political front, another major issue for businesses is that President Trump is talking trade on the future of nasfta. Na nafta, as you know, i was going to terminate. I got a very nice call from the president of mexico and the Prime Minister of canada. In fact, as we were sitting here, i was going to do it today, i was going to terminate nafta. But they called up and they said, would you negotiate . And i said, yes. President did warn that the renegotiation efforts proved fruitless, he is prepared to kill the deal. In geopolitical news, President Trump is leaving open the possibility of military action against north korea. The action comes days after north korea attempted but failed to launch a missile test. When asked his thoughts on North Korean Kim jongun personally, heres what trump had to say . At a very young age, he was able to assume power. A lot of people tried to take that power away, whether it was uncle or anybody else. He was able to do it. Obviously, hes a very smart cookie. With diplomacy on one hand, he compliments and another hand, he criticizes and makes a point. So he has an understand. She has some understanding. 21st century fox is reportedly reporting that blackstone is taking over tribune media. Americas largest station operator, a deadline for the tribune is this week. Under the terms of the deal, it would be cash while twente First Century fox would to bes to watch, we have twitter Ceo Jack Dorsey buying half a million shares of twitter. Dorsey has now purchased 1 million shares this year. Bringing his total holdings to around 60 share. And nextera could return 20 over the next year. With nexteras vast portfolio, a strong Balance Sheet and potential to increase dividend and earning. And caterpillar shares may rice 20 as well this year, thanks to President Trumps policies. Saying, quote, perhaps no company is in better position to benefit from a president s agenda than cat. Fitbit issuing a statement after a woman claimed that the device exploded. It shows that the device didnt malfunction. Tests show that external damage caused the damage. U. P. S. Is threatening to strike. A Union Representing 1200 workers is going to the company to settle a twoyear contract dispute saying it would seek clearance for shares. Coach is reportedly looking at a potentially 1 billion deal for jimmy choo. Coach is on the hunt for Luxury Brands after last years failed takeover attempt. The paper says coach recently had jimmy choo boss schhulman giving the company an advantage. Jimmy choo has been up for sale over and over again. Now, it looks like another bid is out there. Exactly. The price whatever price might come out with it. In other corporate news, were going to be watching shares of casino stocks gaining revenues. In macau, the largest casino hub, up 16. 3 . And drawing in high rollers, wynn and sands, maybe casino shares and gayling is back in vogue. Target is opening up a store on manhattans lower east side. The big boss retailer will sign a lease to ohm a 22,500square foot store in pay development called essex crossing. Sounds very british, dont you think . Yeah. And its interesting theyre hoping brick and mortar once again. Hasnt than been the knock on retail . Its a very trendy area. Big box, targettype area. Well see. Netflix, apparently the latest company to fall victim to hackers. The hacker group the Dark Overlord reportedly releasing eight episodes of orange is the new black. As a member of the media here i wouldnt use the products of illegal means. Okay. Lets get ready for the first trader week of may. The agenda is just full of economic data. Income and spending. Isn Manufacturing Index and construction spending. April auto sales and twoday policy meeting at the Federal Reserve on wednesday. The adp employment report. The fed decision at 2 00 p. M. Eastern. Thursday, its q1 productivity and factory orders. Friday, guess what, its about time again, the april jobs report. And the pace of earning up a little bit this week. The s p 500 reporting, the two big names to watch, conocophillips, merck, apple, facebook, tesla, kellogg and cvc. Fred chairman ben bernanke joins squawk box for an hour an exclusive here from 8 00 to 9 00 eastern today. S his thoughts on the president and the economy. And the future. Thats on squawk box, 8 00 a. M. Still to come here on Worldwide Exchange, of the second round of the French Election less than a week away. Well tell you what Global Investors need to be watching within that. Youre watching Worldwide Exchange here on cnbc. Thanks for loading, sweetie. Oh, burnton gravy . Gotta rinse that. Nope. No way. Nada. Really . Dish issues . Throw it all in. New cascade platinum powers through. Even burnton gravy. Nice. Cascade. If you want to stay on top of your health, one simple thing to do is take the pledge to go and get screened for the cancers that might affect you. So stand up to cancer and take the pledge at getscreenednow. Org it only takes a minute to take care of yourself, and nothing rhymes with org. Lets get back out to washington, d. C. A busy weekend and the big headlines in the nations capital. Nbcs tracie potts joins us with the latest this morning. Tracie. Hi, susan. A lot of Things Congress plans to deal with this week, taxes, north korea, and a budget deal that we just got a deal on a few hours ago. The budget deal adding money for defense, Coal Miner Health care and border security. They promise to weigh its equities. This as the white house defends President Trumps tax plan. Its not a tax increase for people at the top, its actually a massive tax deduction. Reporter health care could come up for a vote this week. Repealing and replacing obamacare is just around the corner. If he backs off repeal, it will implode obamacare. Reporter preexisting conditions will be covered. Preexisting conditions are in the bill. I mandate that, it has to be. Reporter providing states to opt out, finally more tough talk on north korea. We need a viable option, a military option to deal with north korea economically with sanctions viable. I think that we have to consider that option as the very last option. Reporter president jump called north koreas leader kim jongun, quote, a pretty smart cookie but insists hell act if that country attempts a north korea test. That is tracie potts. Ahead to the Big Marketing events next week, the second and final round of the French Elections, Marine Le Pen and to the far right, emmanuel macron. We can expect that result after noon time on sunday. The last three days over the weekend on the campaign trail is that Marine Le Pen on the far right did get the backing of mr. Dupontaignan. A little bit in the macron camp, a politician, only 5 backing le pen. It just shows how le pen is trying to move more centrist in the last few days. On the tv debate, everyone knows shes the outstanding tv debater of all of the 11 candidates. Mr. Macron gets a little more square. The knock on him, hes not a great debater. Other news out of europe, leaders over the weekend negotiating guidelines in a meeting in brussels. The situation may formally trigger a twoyear countdown to brexit back in march. The eus other 27 leaders took just a minute to approve of the terms. I think the big headline out of that the eu taking a hard stance, kind of criticizing theresa may. Discrediting them a little going into that election. Either way, of course, the latest polls have her well ahead on that june 8th poll. There are actually local elections thursday in the uk. People will be looking at that, not so much for crucial roles in government but from perspective to show you how the polls are. Back here in the state, people expected to join the may day contest. May day also known as International Workers day usual protests highlighting workers rights. But today, rallies expected to center on issues ranging from immigrant rights, lgbt awareness and misconduct. The top media and entertainment stories with universals fate of the furious billion dollar in sales globally. And the National Weather forecast from nbcs bill karins. Good morning, wilfred and susan. After a deadly weekend in the middle of the country, that same storm has a Severe Weather risk for 80 million people. A lot of the high Population Centers will have a risk of storms going through. Not everyone will be hit, including washington, d. C. , richmond, philadelphia, new york, albany, pittsburgh, you name it. Every big city here from pretty much the ohio valley to the east coast. Lets give you the timing on this, as we give you 8 00 a. M. , the storms are rolling through kentucky, nothing too severe, nothing too damaging. The storms intensify as they move through areas around cleveland and pittsburgh. Theyll peak as they go through the middle of the afternoon. Theyll approach washington, d. C. And new york as they go through 8 00 p. M. To midnight. Thats your Business Travel foreca forecast. More Worldwide Exchange when we come back. We come back. I love you, couch. You give us comfort. And we give you bare feet. Backsweat and gordos everything. I love you, but sometimes you stink. New febreze fabric refresher with odorclear technology. Cleans away odors like never before. Because the things you love the most can stink. And plug in febreze to keep your whole room fresh for up. To 45 days. Breathe happy with new febreze. Welcome back to Worldwide Exchange. Hundreds of thousands are waking up this morning in communities torn apart by storms over the weekend. Spawned tornadoes and thunderstorms from the south to the southwest. There is concern more bad weather could be on the way. Jay gray joins us live with one of the hardest hit areas this morning. Jay. Reporter yeah, susan. And this is the kind of devastation that so many across the strike zone are dealing with right now. This building was pushed off its foundation, pulled apart by raging floodwater. A monster tornado. One of more than a dozen to strike this weekend, part of the storm system that in other areas delivered flood and rain. Some of the flooding were seeing in parts of missouri has surpassed the soak level. Reporter soaking and swallowing entire communities. The power of water is something that people underestimate. So it is very malevolent. Its taking peoples homes. Reporter and taking lives. The storm has claimed more than a dozen across 16 states. Weve never gone through anything like this before. Reporter just east of the dallas, trees pulled from the ground and popped aside. Homes and businesses chewed up and spit out by the violent twister. Leaving survivors stunned and overwhelmed. I dont know how to get out of the house. Reporter and now people in the strike zone begin to sort through the mess that wind and water left behind. It knocked over trash. Reporter and still unable to let down their guard. With the chance of more Severe Weather in the forecast, across the strike zone. Now, in some areas, its debris like this and others, high water thats still blocking not only roadways but even some highways tlan and there is the chance for more rain, more Severe Weather across this region and move be to the east. Wilfred, susan, people starting to clean up but they have to be prepared for what may come their way. Thank you, jay gray. Spacex is going to make another attempt at the launch of the falcon 9 rocket after the first was scrubbed yesterday. From 7 00 a. M. Eastern time at Kennedy Space center in florida. The team decided to haunt the launch out of abundance of caution after issues with a sensor and the first stage of the rocket booster. The customer is a u. S. Government agency that manufactures Nuclear Weapons in other countries. And tesla reports results. At the box office, a big milestone over the weekend. Universal fate of the furious topping the 1 billion mark in global ticket sales. The movie in theaters just 17 days fate of the furious is the second move in the fast furious franchise to top the 1 billion market. Other movies in history have joined the billionaires club. The winner at the box office was the second edition. Absolutely. I had fun. Once . Only once. I like that type of movie. I like a mindless blockbuster. Too much emphasis on it. Everyone else is loving it. Yes. We should also put a disclosure nbcuniversal owns the Parent Company of cnbc. Still to come on Global Markets, the top trending stories include Facebooks Mark Zuckerberg dropping by to have dinner with one family. How cool is that . More Worldwide Exchange. Trg cisco Digital Network architecture. Allowing scalability and providing fast, comprehensive security from intruders like me. Luckily i found a new calling. Faster. Security transformation by cisco. Just run. Run like you know how to run. It orchestration by cdw. Good morning, markets now, the dow turns in its best week of the year. The big trading day and week ahead. A trillion dollar deal. Big news out of d. C. As lawmakers agree on massive spending. The full details coming up. And orange is the new hack. How netflix became the latest company to fall victim to a hack attack. Its may 1st. 2017. Youre watching Worldwide Exchange on cnbc. Good morning. A very warm welcome to Worldwide Exchange here on cnbc. Im wilfred frost. And im susan li in for sara eisen here today. I hope youre feeling well. Happy monday as well. And this morning, coming off slight declines, 2 . A couple thrown in over the course of the week, dow up 1. 9 . The s p up 1. 5 . The big story last week was Strong Performance in tech. And the tech up. Intel declined sharply on the back end of the week. And the other big story was that oil was slipping in the Energy Sector there, underperformed, albeit bounced on friday with chevron meet expectations. The dow called higher, 30 points. S p, four points, nasdaq up 2 . The others up also about 1 . European markets closed across the board for may day, also a lot of markets closed. But the big ones that are open, we saw about half percent of gains for japan and australia. We did get pmi which fell to 51. 8. And more Services Oriented it makes you wonder whether or not pmi numbers matter anymore, right . Matter they still matter, of course, but matter less, the manufacturing portion declines but still heavily the manufacturing base, consumer economy. Close to 60. 60 in china. Pmis, mini cycles that theyre looking at pmi numbers but i think you have to look at the broader picture. As for other asset classes, lets look at oil. Looks like wti crude were seeing falling a little bit today along with brent crude as well. Wti has had a second consecutive neg month in april. And brent declines as weapon. Lets check on the tenyear yield. As fixed income goes so do stock market. Were up 2. 29. Up a bit higher from fridays close, up by a point. And the dollar index. Third negative week as the dollar index continues to weaken a bit. Over 60 and Interest Rate hike from the Federal Reserve in june. Gold pricing. Lets check in on gold. The third positive month. The news out of washington overnight, congressional leaders reaching a massive spending that would fund the government for the next five months. Cnbcs eamon javers is live for us. Good morning, it was a big deal. We dont have all of the particulars whats in the bill. But we do have key points and well find out more with congressional aides are in the office this morning. Well know whats in the deal right now. Additional 12 billion in defense spending in there. A permanent fix that would fund coal Miners Health care. 1. 5 billion for border security. Thats less than President Trump had wanted and 295 millions for Puerto Rico Medicaid Program in there which would help folks on that island. Heres whats not in the deal. This is just as important. Theres no border wall funding. Also no funding for a socalled deportation force. And the democrats have said there are no cuts in funding for sanctuary cities in this bill as well. The New York Times reporting that there are millions of dollars in funding in there for securities related to Donald Trumps own travel. So thats something thats new this year. But it looks like this deal will now avert the Government Shutdown prices for this week. And put it off until september. Guys. Eamon, as you said, there are things that arent in it but it is a deal, nonetheless. Also over weekend, we heard from the Vice President and president saying things like repeal and replacement of obamacare are close. Of course, we heard that before. Does this deal that we just mentioned make you suspect that those type of other big potential deals are any closer . No. This one, i think both parties have an incentive here to get a deal. Republicans particularly dont want to have a Government Shutdown on their watch when they control the house and senate and the presidency. Democrats see an opportunity to score a few wins here. They certainly did that in the deal thats been announced overnight. The Obamacare Repeal and replace is entirely different. Democrats dont have any interest in that at all. So republicans have to do that entirely on their own. And the question is whether or not they can bring together their various factions in order to make that happen. I talked to a Senior Administration official in the white house last week who said, look, this deal is very close on obamacare. We think we can get there, but were not going to promise which week were going to get there. And he also said ultimately, theyll call that vote when they can call that vote. The obamacare, one of the campaign pledges and President Trump he would stop to the epa and the planned parenthood that in the budget deal continue do get money . Thats what i meant about democrats, they were able to protect a lot of the things they wanted funding in this bill. Donald trump abandoned his effort to get wall financing in there. Interestingly, if you can follow the logic of this, a senior white house official told me they were very clever by caving on the deal by giving that up, democrats would have to make up Something Else to get upset about before the deadline. They felt that was kind of the poker chip in the deal moment. The trump administratiministratp a lot here. A lot of what they wanted. And shut down the obamacare. Thanks. Some corporate news. Twente First Century fox in talks with blackstone. Hoping to trump a bid from sinclair broadcasting. And blackstone would provide the cash for the deal by fox would offer its portfolio stations. I guess this approach comes after the s. E. C. Basically went back on their capping of how many stations a broadcaster can own. I think to see fox fairly active to take over time warner which was their prize pick and they missed out on that. Of course, trying to take over sky. And now this deal, so, clearly, they want to spend money. They want to acquire, but they did miss out on the number one pick. I wonder how crucial these deals are if theyre not the top choice. Lets get you ready for the first trading week of may. The agenda full of economic data. Today, personal income and spending, whatevering index construction spending. Tomorrow, april auto sales. Wednesday, adp, Services Index and fed decision at 2 00 p. M. Eastern. And friday, the jobs report. And big names to watch, conocophillips, mastercard, apple, facebook and cc krchlcvs. A very big week. And tesla will be interesting, too. We have a cant miss interview coming up in less than 2 1 2 hours. Ben bernanke sitting down exclusively with the squawk box team. Well get his facts on everything from President Trump to janet yellen and taxing and a little bit about the economy. Be sure to join us for 8 00 a. M. Eastern time. Some stocks to watch today. Keep an eye on casino stocks out of china. 16. 3 in april. Top expectations and more high rollers last month, the stocks really not moving this morning stateside. Barrons so bullish on caterpillar. If the Company Benefits from Commodity Prices as well as the prompt of a big infrastructure price. Barons saying going bullish on Nextera Energy use. Nextera is regulated utilities to move power across north america. More stocks to watch, u. P. S. Maintenance workers could be heading for a strike. Employees sent a letter to the u. P. S. Ceo over the weekend calling for the company to keep its Current Health plan in place. The union also calling for the companys Shareholder Meeting later this week. Elliott management will pete with bph shareholders this week. And twitters Ceo Jack Dorsey buying more than half a million of the companys shares to 9 pat 5 million. Dorseys total holdings to around 16 million shares. Time for the top trending stories, netflix apparently the latest to fall to hackers. The hacker Group Released eight episodes of the null show orange is the new black. Netflix confirms that one that it uses had its security compromised. Netflix has not confirmed the authenticity of the episodes. Im waiting for house of cards. And game of thrones as well. And lets discuss Mark Zuckerberg. If i had 20 minutes to have Mark Zuckerberg dropping in for dinner, i might be a little flustered. Thats exactly what he did to an ohio family. The family learned 20 minutes before dinner that a master guest would be joining hem for dinner. Staff who voted for President Trump later identifying more to campaign for trump. Zuckerberg currently on a mission to visit people. And i would be thinking what would i cook for Mark Zuckerberg for dinner . I dont know. Something edible. Im not sure what exactly he would be expecting. And chainsmokers crashing a chicago program. Apparenting at a chicago high school. A student reached out to the school about making an appearance at the party. Scott rowe saying it was the toughest secret i ever had. Yeah. Lots of surprise guests. I think cthere was a surprise visit to a prom. Surprise. Surprise. Japans potato chip crisis hitting the country pretty hard. Supermarkets and manufacturers and consumers snapping up all of the potatoes and chips they can find, as the top potato could weaken and hits fresh supplies. 80 of its potatoes being hit by bad weather. Hitting potato arrivals pretty hard. In japanese culture, they love their potatoes. Potato chips dipped in yogurt, ice cream, chocolate. Ooh. Yeah, they have a lot of renditions. Im a big fan of potato chips. Still to come on Worldwide Exchange, the countdown, what you can watch on todays must reads. As we head out, another check on futures. Well be right back. Worldwide exchange will be right back. Its an important question you ask, but one i think with a simple answer. We have this need to peek over our neighbors fence. And once we do, we see wonder waiting. Every step you take, narrows the influence of narrow minds. Bridges continents and brings this world one step closer. So, the question you asked me. What is the key . Its you. Everything in one place, so you can travel the world better. To Worldwide Exchange. Lets check in on the market picture. We are pointing higher on a lowvolume day around the rest of the world. Only japan and australia open in asia. Most of europe closed for the may bank holiday. You can see about 0. 1 or 0. 2 , we comes off a 2 gain. Less than that for the s p. And led by the nasdaq up about 2 for the month as a whole. Oil is slipping, down this week. For the month of april, down 2. 6 . Certainly something to watch oil prices being that sort of potential warning in the face of otherwise stronger markets and decent earnings from corporate. The dollar as well, that fell last week, down about 1 as a week as a whole. Very much against the euro. The border index was down 1 . Down 1. 5 for the month of april. Three weeks in a row declines for the u. S. Dollar. So something to keep an eye on. This morning, a little bit of Dollar Strength as you can see. Nothing who pronounced about 0. 2 against the pound. Susan. Time for a must read. My pick in the wall street journal, its titled how to defuse the north korean threat. It comes after the failed missile test on friday. Mark halperin writing that the fundamental dynamics are of health and security are bringing china into a temporary alignment of thes and south korea. Everyone knows different obje objectives, and china looking for stability and help in supporting a rogue north korean state. All of this a way to defuse the north korean threat. My pick is in the financial times. This time next week, well know who frances new president is. Saying amacron will have to make a decisive move on france. The single most exciting is the objective for the eurozone but he owes his voters the onset of the question what he would do if germany lee plies to his four proposals with nein, nein, nein. Assume, he would not threaten a french exit from the eurozone, what else might he do . If the answer is not much, would we not be justified in wondering just how different a macron presidency is going to be . And there is a big surprise to markets if it happens. But it macron would be the youngest Prime Minister in france. Yes. 39 years. 39 years old. Okay. Well, its a busy meeting on tap between a fed meeting and several more earnings reports. Well get you set up with a little hem from john manly from wells fargo management. Thats this morning. And then later on this morning, dont miss ben bernanke 8 00 a. M. Eastern time. Youre watching Worldwide Exchange on cnbc. To keep their global campus connected. And why a Pro Football Team chose us to deliver fiberenabled broadband to more than 65,000 fans. And why a leading car brand counts on us to keep their Dealer Network streamlined and nimble. Businesses count on communication, and communication counts on centurylink. Thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov welcome back. The team is getting ready for squawk box. Becky joins us from new york by a look at whats coming up. Becky, good morning. Hey, its great to see both of you, were on the 1st day of may, people starting to wonder selling may and going away. Over the years it has been a very good way of doing business and making sure youre trading properly. So since stocks havent gone down in may, it have question to what you should do. Bob dow is going to be our guest host from 6 00 to 8 00. And our big guest this morning, ben bernanke, former chairman of the federal research rve is sit down for an hour, 8 00 to 9 00 a. M. , were talking to him about everything that he sees happening. Hes been out for three years now. Hes got a little bit of freedom. He talks about what he sees, what the Trump Administration is proposing is good and bad. And what he sees. Tax reform is something hed like to see. Hes got some opinions looking at the federal research as well. All of this coming up. An exclusive sitdown with ben bernanke for one hour this morning. Guys, its coming up in a couple hours. Becky, its going to be awesome seeing ben bernanke in a couple hours. Squawk box, of course, in eight minutes time. Lets look at futures. Falling down from the dow at 30 points. And good morning to you. Good morning. Thank you so much for joining us. Weve been focused on fed expectations. Bottom line, corporate earnings are strong. Is that your takeaway . Thats what matters. Its getting expensive. Sort of the low end of high. And expensive doesnt make it go down. Expensive matters when something goes wrong, it goes down a bit more. I still think its okay. And what about politician, of course trumps 100 days, actually the third best since world war ii on the stock market basis . Somebody is happy. I think they realize politicians trying to get elected will say whatever they will to get them elected. And then in office, theyll say what they will say to let them stay in office. But it doesnt really cling your perspective that corporate earnings is the main driving factor in justifying the valuations . Politics can affect corporate earnings incorrectly. Politics can make a difference how well corporations get. Theyre amazing creatures. Theyre pretty well run these days. And market to market, right. Lets take a look at where stock markets are trending. Nasdaq copped 6,000. Is this justified . Are these levels justified . Sure, im not sure what justified means. Its expensive . Its expensive, but that doesnt mean it cant get more business. When i came in the business back in 95, it was cheap. From 95 to 2000, we made a lot of money. Lets talk about the tech sectorwise. Tech say big group. As the sector what do you think . Theyre very expensive. I think that gives you corrections 10 , 15 . You get called up on the escalator further. You cant see them coming but when they come, theyre buying up opportunities. In terms of risks, is that a concern for you for the border market . Prices can up or go down. Im just wondering whats being priced in right now. When you talk about the congressional budget, to keep the government funded until the fall at least. But what about tax reform . What about repealing of obamacare . I dont think so. I think what the market is focusing on is earnings. For some people theres nothing coming outside of washington. I think thats 2 , 3 , 4, 5 . Are you encouraged by whats happening in europe and asia . Very much so. I think actually the emerging markets are the biggest beneficiary to improving the u. S. Capital in terms of capital markets. First quarter read was the worst in three years . The First Quarter is kind of funky. I still get anecdotally, and some of the members really big into it the signs that things are getting better. Would you be allocating around the world . Yes. And finally back here, stateside in terms of sort of the market cap scale that weve seen performances after the election pulled back. Is that an opportunity there . I think so. I think midcaps. Theyre not particularly cheap. But they do have better earnings. And actually help im not sure how much cast. But i do think theres traction. Thank you so much for joining us. Pleasure to see you always, john manly at wells fargo. Just about 30 seconds left. Well have a look at the futures market. Pointing to a higher open. 2 gains for the nasdaq. As 1. 5 for the s p. And tech led the charge. And i want to see the reaction to the congressional leaders reaching that budget deal. Absolutely. And ben bernanke, the key focus of squawk box at 8 00. Squawk box starts in ten minutes. Theyre experts in things you havent heard of researchers of technologies that one day, you will. Some call them the best of the best. Some call them veterans. We call them our team. Good morning, breaking overnight lawmakers reaching a deal to fund the government and avert a shutdown. Live report from washington. New this morning, 21st century fox reportedly in talks with blackstone to buy the tribune. Plus, its jobs week in america. Get you ready for the april report. Talk about strategy ahead of todays fed meeting. Its monday, may 1st, 2017. And ben bernanke is here. Squawk box begins right now. Announcer live from new york where business every sleeps this is squawk box. Good morning, everybody. Welcome to squawk box here on cnbc. We are live from the Nasdaq Market site in times square. Im becky quick along with andrew ross sorkin. Joe is off today. Our best for the next two hours is bob doll. Hes equity strategist. Good morning, becky. Im awake, how about you . Im awake. Its monday morning, were good to go. Were talking about the squawk box guest, ben bernanke, former fed chair. Hes not here yet. I know. But hes going to be here. Right now, lets get a check on the markets, europe and asia closed for may day, its may 1st. U. S. Equity futures, though, at this hour are indicated higher. We saw a pretty quiet day in terms of friday. Dow futures up by 28 points. S p