Nice to have you here this morning. Great to be here. A lot from the markets to absorb especially the north korea news, this heightened rhetoric from both President Trump and pyongyang. Lets show you what futures are doing after stocks slid into the close yesterday. Nothing extreme. We were both sitting there on closing bell. The s p did close down less than a third of 1 , but the dow did break its ten day winning streak thousand indicating a lower start down 24, nasdaq down 33. And you can see what happened in yesterdays session. Stocks tumbling into the close the headlines started hitting in the 3 00 hour and we did see a little drop there as President Trump vowed swift action against north korea if needed. That fire and fury comment certainly disrupted the market we saw the korean yuan drop 1 , the kospi, stock market there also fall. And this is a market that has been resilient pretty much all year to some of these headlines. Overnight this one was a little too much down 1 yeah, down about 3. 5 from its late july high so not outright panic, but it has gotten the markets attention no doubt nothing extreme again, but i guess the prospect of some sort of military confrontation goes up when you have words like this from the president and well talk about it. The idea that its gaining some kind of momentum on its own i dont understand the normal diplomatic sparring. Take a look at asian equities. They were to the down side japanese market, the yen rallying that market down 1. 3 just about. Losses a little bit slimmer elsewhere, but as we said, south korea down more than 1 . And Economic Data out of china, consumer inflation riseing 1. 4 missed estimates turning over to europe, you also saw mostly losses over there as well following the u. S. And the asian markets. You see the German Market down about 1 france down a little more than that italy as well. The uk is the one that is more reach still yent, do resilient. Strong job openings, a Record Number in the United States. Today there is some buying on that safe haven trade, buyingsts the dollaryen is what im watching because that is hitting an eight week low, so that strength in the yen, weakness in the u. S. Dollar, preferred safe haven is still i cant pan the dollar stronger against the euro as well this morning. But not quite the same magnitude as youre seeing in the yen. Pound firmer up 1. 2996 and oil prices quickly, had a little dip also on that news they are coming back this morning. Worth watching up half a percent, 49. 40 is wti crude. Brent 52. 38. And gold prices on the flip side since were seeing a mixed picture for the u. S. Dollar, lets show you another safe haven. Or not we couldnt hadont have it. Its up. So again, slight safe haven bid to the market. Slight risk off kind of tone, increased rhetoric coming off of a very calm period for the market the context is the market was basically not allowing anything to disturb this very gentle uptrend and the markets are on alert, but i dont think they are overanticipating that this is going too create an imminent crisis but we have to see and we also are keeping tabs on disney the company says that it will pull its movies from netflix in 2019 and launch its own streaming service. Disney making that announcement as it released Quarterly Results late yesterday we will hear from bob iger and get wall streets reaction in a few minutes. But first the big developing story, north korea saying it is reviewing plans to strike the u. S. Territory of guam with missiles that comes just hours after President Trump made that stern warning. Listen north korea best not make anymore threats to the United States they will be met with fire and fury like the world has never seen eamon javers live in washington with the latest so have you managed to figure out what that means, fire and fury and what kind of strategy is behind it well, that is tough rhetoric from the president of the United States, not the type of rhetoric that weve heard president s use in the past and that is what is at trasktingtracting a lot of a. Is he trying to deliberately match some of the north korean style receipt tore tlak weve seen come out of that country. What we know is that the president s comments yesterday came after reports in the Washington Post and then later confirmed by nbc news that the North Koreans had managed a nuclear feat in terms oftheir technology heres what we know about the technology that the North Koreans have now they have managed to miniaturize a Nuclear Weapon that is small enough to fit on a missile but it didnt mean that they have a nuclear icbm. It means that they have the technology to make a bomb small enough to put on an icbm and they have achieved that miniaturization sooner than expected the key here is that there is a lot of technological steps between where they he are now with the miniaturized Nuclear Weapon to where they would have to be to actually develop a nuclear icbm including getting a weapon that would be able to survive the heat of reentry. So its not as if they have this technology now but they have passed this ke milestone according to the assessment of the u. S. Intelligence community in response now to the president s comments yesterday, the North Koreans issued another statement and this one in which they threatened guam they said the Korean Peoples ArmyStrategic Force is now carefully examining the Operational Plan to making an enveloping fire at the areas around guam with medium to long range strategic ballistic rocket in order to contain the u. S. Major military bases on guam including the Andersen Air Force base so an escalation of rhetoric on the u. S. Side and afternoon escalation of receihetoric on te north korean side as well. And a response from President Trump . Hes on a working vacation in bedminster this week any president is always surrounded by the aprat us of the u. S. Military and hes sur prounlded himself with generals. He has a number of generals on the white house staff. And right nearby at hand so he has constant communication with the pentagon and with secretary mattis the question is what will the u. S. Strategy be Going Forward weve seen this escalation of rhetoric by the United States, but is the president going to write any red lines here that is something that krcrit e criticized barack obama for doing. So is his red line north koreas threat, is his retd lid line ist of action by the North Koreans he has said it would not be tenable for the North Koreans to have nuclear missiles. So the question is what will he do about it. Its a very tense moment and the military options for the United States are not very many the procespect of war on the korean peninsula, the two countries are so close to each other, seoul is so near the Demilitarized Zone that any conflict that were to touch off there could result in the deaths of thousands if not millions of people koreans and americans yeah thousands of american troops on the dmz so it could be extraordinarily tragic very quickly if something were to touch off here Andrea Mitchell said that the distance is like between washington and balt moimore. And of course the difficulty of interpreting this message is we dont really know if its a calibrated kind of encapsulation of the consensus of the National Security team or just the do we know . We dont know at this point just reading the tea leaves, you look at the president s body language in that moment, he has his arms folded, he is at a meeting about opioid addiction so an entirely different topic but they knew at the white house that this question was going to be coming because those reports had been out for a few hours by the time we saw the president yesterday. So the president knew this was coming, he seemed prepared for it and it appeared to me just truly going off the body language alone and sort of the timing of the events, it appeared to me that this was a planned statement that the president was prepared to make he wanted to put this rhetoric out there into the world and there is a question about whether or not this is deliberate mirroring of north korean style rhetoric by the president to show, hey, if you he escalate, we will escalate ours. And of course politicians on both sides of the aisle are already questioning what the president has in mind. All right. Thank you. Lockheed martin says it is seeing growing interest in its Defense Missile systems. They tell reuters it has seen a recent uptick in his sell defense questions from its clients. Shares of lockheed are up 20 yearto date. Now to this mornings other top story which is disney. Shares of the media giant are down about 3. 5 in the premarket after announcing it will cut its ties with netflix, launch its own streaming services, two actually the 2018 release it will release espn streaming and in 2019, it will unveil a disney direct to consumer offering. Shares of netflix got hit on this down 4. 5 on their own in premarket disney is buying an additional 42 stake in ban tech for 1. 46 building, that Company Powers streaming for major league baseball, nhl, wwe bob iger explaining the logic behind the deal. We have tv library product, but well be making a significant investment in original content both movies and Television Series for this platform exclusively so if you want if you are a family or youre interested in the disney brand, you want to subscribe to an extremely rich robust disney branded service, you will be able to do it. It will use the ban tech platform to basically drive or power the product. Disney also reported earnings topping estimate on the bottom line, but revenues did fall short, results dragged down by the continued decline in espn subscribers and higher programming costs. Joining us on the cnbc news line, richl tullo the share price wraeks reaction disney, what do you pin to, the results or some of these new announcements raising some question i think its a little bit of both the results this is about the fifth time in the last six quarters that disneys missed. If you look at the results excludesing theme parks which were strong, results were weak studios, its the summertime, they had been a source of strength for walt disney and that has turned down coupled with the fact that this announcement from walt disney is very high Risk Strategy. You know, they are taking their quote bread and butter, they will lose 650 million of revenue annually after 2019 from netflix. And they will go to alone. They are spending 1. 6 billion to buy ban tech. Very strong platform could provide the kind of streaming services that youtube provides for disney and its content and going beyond sports. But this is not a low risk situation now. Taking a multi, multibilliondollar business and trying to turn it 180 degrees around rich, obviously weve all been able to see that this is the general direction the industry was going to be going i think the question maybe wall street is asking, is this shift being done from a position of strength or weak nlness so the decision to do this now, does it represent the fact that disney says maybe things are efloegd a ta eroding a little bit faster. Yeah, absolutely out of weakness disney is doing these things two years from now thats when they will be hitting market with product. Cbs is already in the market with product amc is already in the market with ro duskproduct. So you have to say this is a late strategy to the game. Disney has been really supportive of the cable ecosystem. Didnt mention it once last night. So they are late to the game earnings haare flattening the quarter was weak and they also had a big tax benefit there and they still missed so if i were an investor, i would say the down side to the stock, but keep in mind given what they are doing, apple could be a bid for the stock at lower prices and very quickly, do you want to hit netflix i know you are short this stock or your firm is. Netflix disney had been a Good Housekeeping seal of approval for netflixs financials when they first did the deal in 2012 now they are not having the content in 2019. So less of a Good Housekeeping seal of approval it will drive costs up for netflix because they are getting a lot of content, 650 million the company spent 6 billion on content. So they will have to replace that contents. They bought millers world. Great. I want to see what is really in millers world before i make my total assessment on the deal because if the names that millers got that are making money, that is a little higher Risk Strategy for them but generally i like that deal but ultimately this is a cable story. All right rich, thank you. Well see what happens in the session today. Thank you very much for having me on appreciate it. And when we come back, softbank continues its spending rampage. Well tell you about its new potential billion dollar investment hey dad, come meet the new guy. The new guy . What new guy . I hired some help. He really knows his wine. This is the new guy . Hello, my name is watson. You know wine, huh . I know that you should check vineyard block 12. Block 12 . My analysis of satellite imagery shows it would benefit from decreased irrigation. I was wondering about that. Easy boy. Nice doggy. What do you think . Not bad. Or a little internet machine . What do you think . [ phone ringing ] hi mom. It makes you wonder. Shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. [ laughing ] so all you pay for is data. See how much you can save. Choose by the gig or unlimited. Call or go to xfinitymobile. Com introducing Xfinity Mobile. A new kind of network designed to save you money. Welcome back to Worldwide Exchange. If you are just waking up, well get you up to speed on the market action. You see u. S. Equity futures set to open with modest losses after the late day selloff yesterday after tough words from President Trump about the north korea threat you see the s p 500 set to open down about one third of 1 were still within 1 of alltime highs so the market backing off from strong levels. Nasdaq looking like it might be the underperformer looking at Something Like a half percent loss the dow holding up a little bit better also want to take a look at oil. It has been firmer overnight it still is, wti crude up almost 0. 4 brent similarly had better than expected early inventory data. On crude oil though bhar ris for unleaded gas and you see gasoline is down a bit this morning mere are othshares ofs fo sf sharply. The company is projecting a Third Quarter loss and announced its cfo has resigned never a good sign. Stock whacked 24 . Hertz revenues were in line. The Car Rental Company says it is making significant progress with its turnaround plan, but still faces a Challenging Market in the u. S shares responding better in fact than those avis results earlier in the week. True ca truecar Second Quarter beats expectations stock down 13 almost. A tough business. A lot of negative reaction. Im thinking priceline, disney, netflix. Could be having an impact. Active sell in response even though the overall markets held up pretty well other stocks to watch, monster beverage beat forecasts, but the Energy Drink Maker says results continue to be impacted by currency headwinds and production shortages and there is another one down about 3 that had been a pretty strong stock go daddy oig reporting better than expected Second Quarter results. It was helped by acquisition of europe group godaddy says it will keep looking for possible acquisitions after that report and lionsgate First Quarter earnings beat forecasts thanked to la la land, but cable channel sta wrchrz did edge low. I did watch la la land for the second time at home and i liked it better than seeing it in the movie theaters. Did you like it the second time better i dont know. I think kind of the surprising aspect of it wasnt there, but true, but i think i appreciated the music more it will hold up over years. Still ahead, big phrma is at the center of a major controversy. Why one company is being sued for contributing to americas opioid crisis. And now todays Weather Forecast from bill karins. Good morning. Yesterday at this time we were watching heavy rain in the houston area now were watching heavy rain not far from houston down around gam investigati galveston island flash flood watches extend from louisiana through mississippi into Central Alabama and also just to the southern portion of that in the gulf of mexico, were watching Tropical Storm frank lynn now over the waters. 60mileanhour winds, and about 24 hours from now is when we expect landfall. Notice the track is well south of the United States the only impacts will be large waves in areas of texas and louisiana over the next couple days forecast does call for great weather this st. Louis, chicago, detroit, d. C. All the way through new york city. 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. Soft surfaces trap odors. Febreze fabric refresher cleans them away for good. 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 febreze. Welcome back im mike santoli along with sara eisen. New hampshire is suing accusing of engaging in deceptive marketing practices. It marks the largest government to make these types of accusations. Will. Other phrma stocks to watch, achillion says early results show its drug to treat a rare blood it s disorder are promising. And jazz reported results that fell short of the forecasts. And novo nordisk reporting better than expected results also raising its full year outlook, however it says it expects prices in the u. S. To be lower next year due to rebates still ahead, well cover all the mornings top stories from the escalating tensions between the u. S. And north korea which is having a Market Impact for the first time to disneys major shift in streaming plans, plus how Global Threats could impact the markets. Your brain is an amazing thing. But as you get older, it naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Breaking overnight, north korea says it is looking at plans to fire missiles intot theithe u. S. Territory of guam well bring you the latest and disney is ditching netfl netflix. Will the bet pay off and beverly hillbillies home is up for sale wait until you hear the price tag. Its wednesday, august 9, 2017 and youre watching Worldwide Exchange here on cnbc sthoets bever beverly hills, thats where i want to be welcome back. Im sara eisen and im mike santoli. Lets check the Global Markets a lot to absorb in the last little while looking at the futures, they were looking for losses at the open and still continue to be to the down side. S p 500 set to open down perhaps 9 points stocks are still within about 1 of their alltime highs. Nasdaq looking like potentially more than a 30 point loss could lead to the down side. Also take a look at the south korean yuan after the threatening words by the president to north korea, you see the u. S. Dollar gaining. So you have the korean currency reacting to these headlines backing off a little bit stock market did as well after a pretty resilient year that has been defined by saber rattling and threats between north korea and the United States this finally got some movement it is heightened rhetoric. Always difficult to figure out geopolitical ramifications for the markets, but when you have language like that i guess from the president of the United States, its just a little jarg. When it seems like its a process that is gaining its own unpredictable momentum, i think the markets would take a pause but if its just kind of more rhetoric that is meant to get to a diplomatic place or if it reaches the probability of a mill taefr confrontation. Of course that is definitely not in the current calculus of the markets. Reaction in asia, we saw selling of the japanese market down 1. 3 due this part to the stronger yen but you saw red across yaz overnighover n overnight asia overnight kospi finished lower 1 . And in europe, stocks there pulling back the german dax is down 1. 3 . So were seeing losses accelerate france down 1. 6 and the question again is this going to have an economic impact, is this a headline risk. Is there is a central bank sort of outcome those are all the questions that investors have to ponder exactly or is it just one of these excuses for the market in august that often come along to say it was time for us to have an overdue pullback well see. Broader markets, take a look at the ten year treasury note yields have been easing back a bit. Not too far above those recent lows at 2. 20, but yesterday you did have actually yields pick up a little bit of up side because we got we have strong data on a tight labor market take a look at the u. S. Dollar, currencies were reacting to those north korean headlines, the yen strengthening against the dollar by about half a percent. A two month high. And eurodollar roughly flat and also the pound is not moving too much but definitely the a, in the ye action in the yen. Gold has a reflex reaction to a lot of geopolitical noise. Gold kind of picking up eefr the new over the news and 0oil, also strength and north korea says it is quote carefully examining plans to strike the u. S. Territory of guam with missiles state media reports its strike plan could be put in it place at any moment the announcement comes just hours after President Trump made this stern warning yesterday afternoon. North korea best not make anymore threats to the United States they will be met with fire and fury like the world has never seen u. S. Officials saying yesterday they now believe north korea has the capability to put a Nuclear Weapon on a missile. An advancement in the timing of when north korea could actually fire this time of missile. And that was the report that immediately preceded those remarks. New to this morni now to this mornings top corporate story. Disney announced that it will remove its movies from net nix and launch its own streaming service. Disney says starting in early 201on 2018 it will release espn streaming and then 2019, ite itn Disney Streaming disney is buying a 42 stake in ban tech for 1. 6 billion, this Company Powers streaming for major league baseball, the nhl, wchlts we and hbo. Bob iger describing the logic behind the deal in a first on cnbc interview this represents a big strategic shift for the company and we felt that having control of the platform, platform that weve been very impressed with since we bought the 33 share a year ago, would give us control of our own destiny or more ability to basically shape the services that we just described. Disney also did report earnings, it topped estimates on the bottom line, but revenues fell short results were dragged down by decline in sfeespn subscribers d high costs and we were talking about disney earlier in the week we were talking about netflix making the acquisition of miller world and we had an early net fliks ininvestigation tore saying they are coming after disney, this is a direct shot against mar swrel. B marvel. Bob iger was asked how is your relationship with netflix. And he said its all good, marvel will still be on netflix. Youre both partners and competitors and they are all converging all kind of putting the original content and distribution piece together and for now investors dont like either. Used to be a very protected market for disney and cable that maybe is in jeopardy right now sticking with earnings, priceline and twrrip adviser tw big ones to watch. Good morning. Shares of priceline tumbling in early trading on weaker than expected outlook the Online Travel firm easily topping estimates of 15. 14 a share versus the 14. 19 the street forecast. Revenue also beating estimates at 3. 02 billion compared to 2. 99 billion. But the company zed says it expects guidance to come in short of expectations in the Third Quarter. Pricelines strength in the latter half of last year sets the company up for pretty challenging comparisons with the ceo i aing that it will be, quote, particularly difficult. How much he says that the macro factors like the Online Travel spending should work in its favor with asia being a great opportunity for the travel industry the stock has been on a tear, up 36 . Also weve heard from trip adviser after the bell, the company missing earnings estimates, the travel site says earnings per share are down 4 cents from a year ago. Back over to you got some other stocks to watch overseas today u. S. Credit card Processing Company vantiv making a formal offer to buy worldpay for 10 billion. Remember that deal was first announced in early july. Talks have taken weeks to finish up here. Wabash national acquiring supreme stwri industries for 2r share cash wabash makes semi trailers and liquid transportation systems. Abn posting better than expected rise in its Second Quarter net profit their ceo says the strong european economy helped boost earnings and shares of toshiba rising on reports an auditor will sign off on its annual results. It should ease concerns about possible delisting of that company. Softbank reportedly investing 1 billion in fanatics, expected to value the online retailer at around 4. 5 billion. And United Airlines reporting july traffic rose 3. 9 the airline is sticking by its guidance for passenger revenue per available seat and now to the day ahead, there is a pair of Economic Data reports to watch 8 30 a. M. , we will get preliminary reports on Second Quarter productivity and labor costs. And then at 10 00, look for wholesale trade figures. As for earnings, mylan and wendys report results before the opening bell after the close, 21st century fox. Top trending stories, apple releasing a first six minutes of its premiere episode of car pool karaoke. Take a look. Quegwyneth paltrow and Sophie Turner also slated to appear this season. Interesting fox doing counter programming as its former powerhouse American Idol moves to abc the network launching the four which promises to start where all other shows end. It centers around four preselected finalists who will have to depends oof weff weekly challenges viewers can submit an audition video for a chance to unseat one of the contestants they will competing with their own American Idol . Well, they abandoned it, abc picked it up, so apply there was no direct noncompete that said that they cant start up something similar. And the name very similar to the five an australian cafe taking a unique approach to get people talking about the wage gap and it has the internet buzzing. They have begun charge men an 18 premium to reflect the gender pay gap proceeds are being donated to womens service. The cafe house rules blackboard also states that women have top Priority Seating that is extreme. An interesting device but you know what, if in fact these policies have make it a hangout for women, i think men will be willing to pay the tab they should and if they protest going, then we can protest getting anything else also an enpick bellaire estate being listed as the most expensive home in america. It was owned by the late media tycoon was featured on the beverly hill billities now on the market for 350 million. The laugh swrish home includes a ball room, huge wine cellar, salon and is connected by elevators and underground tunnels. 350 million sounds like a lot. Pretty extreme. For the record, beverly hillbillies even predates me a little bit sglifs going to sa sglifs. I was going to say, probably your era and loottery fever is heatig up no one won last night, so now it grows to 362 and the next drawing is friday night. Jackpot fatigue if they dont get higher levels. But for now its buy, buy, buy. Now to sports,s super bowl champs will be traveling to all their road games in style. The patriots are the first nfl team to buy their own planes the pats somewhere bought two boeing 767s and retrofitted them with all first class seats it has the team logo and fiv super bowl trophies have won on their tail im sort of surprised that this didnt already exist. The brooklyn dodgers in the late 50s used to have a plane and you need a lot of leg room for the Football Players big seats extra large. Coming up, todays must reads. But first as we head out, another check on the action in europe those markets have been to the down side all day. You see red right across the continent. I love you, basement guest bathroom. Your privacy makes you my number 1 place to go number 2. I love you, but sometimes you stink. Febreze air effects doesnt just mask, it cleans away odors. Because the things you love the most can stink. And try febreze small spaces to clean away odors for up to 30 days. Breathe happy with febreze. [narrator] introducing a breakthrough in hearing aid technology. Presenting the allnew eargo plus. The worlds smallest, most comfortable rechargeable hearing aid designed with patented flexi fibers so therere suspended completely inside the ear canal and so small that theyre virtually invisible. The kind of invisibility hearing aid wearers have been looking for, if you could look for invisibility that is, which you cant, or i guess you can but you wont find it, well, cause its invisible. You know, anyway. The point is, most people probably wont even know youre wearing them and theyre so comfortable you might forget youre wearing them yourself. Eargo plus is also rechargeable so theres no need to replace batteries because theres nothing more frustrating than those tiny hearing aid batteries, or there probably is but we just cant think of it right now. And our advanced Noise Reduction Technology reduces background noise. Dont wait, call or go online now to get your free sample pair today and try the hearing aid pc magazine calls, tiny, comfortable and nearly invisible. Eargo, hear life to the fullest. Welcome back u. S. Equity futures pointing to a lower start after a slightly lower finish to wall street yesterday. This is the latest saber rattling from President Trump and north korea. Heightened rhetoric certainly taking a toll. Got a riskoff kind of feel to the markets rising safe havens likes yen, gold and treasuries not extreme, but that has weighed on stocks around the world. We saw it in japan, in korea, and here in the u. S. Futures as well the nasdaq is getting hit the hardest this morning down 0. 6 in the early action. Perhaps it has risen the most since the election Something Like 20 year to date so i do think that you will haves market back away and see if this is going to be kind of a daily drum beats of escalation or if it will just be one of these things that is thrown out there. In which case the market would programs return to its extremely calm ways. But as people keep talking about august is often the time for a market gut check in any given year august and september. Traditionally poor months for the markets. And not so calm summer doldrums in august. A lot of news events chinese devaluation in 2015 came in august. The brexit fallout last year right after that july vote dow futures down 41. S p down 11. A lot of Central Bank Noise coming in september. True. Quickly lets show you what is happening with current cities because you are also seeing that safe haven bid there for the yen, a two month high against the dollar 109. 82 dollar is a bit firmer against the euro 1. 1746 oil prices are higher this morning. Well watch that ahead of the government inventory report. Wte marching back toward 50 a barrel, 49. 33, up a third of 1 . Time for our must read stories catching our attention my pick in the new york times, class actions could fight discrimination in tech anita hill writing in the 1990s, wall street firms faced a slew of class action discrimination lawsuits, perhaps the most notable, 1996 boom boom room case, a group of 23 women filed a Class Action Lawsuit against smith barney charging it with harassment and gender discrimination by the time they settled for 150 million, nearly 2,000 women had joined the surt and hit and expose a culture of sexism to the outside world. Hill acknowledge this would be hard in Silicon Valley to collect the statistics and evidence and to get women banded together but she said maybe that is the only way and it also helps to kind of support googles decision to fire the employee who distributed that memo because a lot of people said you can talk about free speech and diversity of opinions, but its a legal liability if you allow somebody out there to put this, you know, material that is offensive to some out there, you could make the case if you wanted to sue google as a systemic harasser or loss still workplace that that is evidence. So i think that that was kind of legal cover perhaps for what google did that is a good point. On the flip side you could argue that it does nothing answer the issue or promote women in the valley it just sort of discourages that type of dialogue so bringing a Class Action Lawsuit from a number of women could move the nilgdeedle a bit further. My pick is in the wall street journal, would you like a job . Editorial board writing the tight Labor Conditions which were represented in yesterdays joltss data showing that it was harder to find workers, a Record Number of job listings that data certainly underscore the foley of limiting Legal Immigration as President Trump has proposed the return to 3 annual gdp growth that mr. Trump has promised, he may need to increase guest worker visas byes tens of thousands. He knows how valuable those visas can be from fr his experience at maralago so the Editorial Board saying that this idea of restricting even Legal Immigration will not necessarily help where were at in this Economic Cycle which is Companies Finding a hard time filling spots. Youve heard more and more mainstream economists are in agreement. I think its interesting that the journal finally came even a week after this immigration plan that the president endorsed the data gave them that macro excuse tight labor market, labor shortages weighing on Economic Activity it seems like this would make it even worse and waiting for wages to tell the same story up next, what one of the worlds biggest bankers said about the boond mndart. Mke whuuuuuat . Rtgage offer from the bank today. You never just get one offer. Go to lendingtree. Com and shop multiple loan offers for free free . Yeah. Could save thousands. You should probably buy me dinner. No. Go to lendingtree. Com for a new home loan or refinance. Receive up to five free offers and choose the loan thats right for you. Our average customer could lower their monthly bills by over three hundred dollars. Go to lendingtree. Com right now. Hey dad, come meet the new guy. The new guy . What new guy . I hired some help. He really knows his wine. This is the new guy . Hello, my name is watson. You know wine, huh . I know that you should check vineyard block 12. Block 12 . My analysis of satellite imagery shows it would benefit from decreased irrigation. I was wondering about that. Easy boy. Nice doggy. What do you think . Not bad. Jamie dimon talking everything from regulation to taxes to President Trump during an interview with wilfred frost yesterday, but its interesting what he said about the bond market that caught our attention. Listen i do think that bond prices, spreads, bond prices high, spreads are low, im not going to call it a bubble, but i wouldnt personally buy in the ten year sovereign debt anywhere around the world because we went to qe one, two and three and now reversing it and there is a chance this will not go well. But they will figure it out. The fed will respond appropriately. And gist showing you what is happening with the ten year treasury note yield today, that safe haven bid that spread across assets and around the world off the north korea headlines is giving treasuries is boost which means yields go even lower 2 at the present ti 2. 24 lets bring in managing director and global take strategic adviser at pimco more and more warnings, rich, about the bond market. The lower the yields go and the longer they stay stuck at these levels, people worry is it a bubble, will it snap the other way. What are you hearing about the likelihood of those kind of risks right now . Well, we dont think its a bubble, but we do believe obviously weve said were in a new neutral world. One reason why bond prices are high and yields are low is that the federal funds rate is low and it will stay there you also mentioned safe hey swr hey swren b haven bid. It may put upper pressure on rates. We think the fed will hit its inflation target so there could be upper pressure on bond yields, but we certainly dont see a big selloff as being imminent you say at some point we should see the inflation kick in a bit. I wonder if the markets are due for a periodic maybe the fed is behind the curve type of scares. Just because people have become so comfortable with the idea that even a december rate hike isnt there, they will start running off the Balance Sheet and that will preoccupy fed policy marks is the market set up for that . I to. And m do market is saying for the next ten years, the fed will fall short of 2 inflation and we wouldnt want too bet against that so we think the break even inflation, bet against that so we think the break even inflation, a a little bit too relaxed. Obviously you can also get up side surprises as well jamie dimon says the chances of it all going wrong or the fed sort of making a mistake or some sort of disruption as the fed starts to sling otherwihrink it are there. They will do something, there is that chance. S fed will be strengthening the Balance Sheet this fall, but still buying its like the fellow who wants to lose weight instead of having three deserts after dinner, he has two. They are buying bonds, but according to their plan, about a year from now they will step out of the Mortgage Market and largely from the treasury market and thats wheres unse uncerta n uncertainty will come. But at least the first year or so, it wouldnt be a big market. They will be buying. Less than 30 seconds. Market implications of the heightened receipts tore rick between the u. S. And north korea. Obviously its a riskoff sentiment. None of us is a gees politicopl expert, but certainly something that we are watching closely and youre starting to see it in the markets today. Absolutely. Rich, thank you for checking in from pimco mike, thanks for being here today. And that does it here for Worldwide Exchange. Squawk box is next were drowning in information. Where, in all of this, is the stuff that matters . The stakes are so high, your finances, your future. How do you solve this . You dont. You partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. Morgan stanley. What should i watch . Show me sports. Its so fluffy look at that fluffy unicorn hes so fluffy im gonna die your voice is awesome. The x1 voice remote. Xfinity. The future of awesome. S Nuclear Threat level is rising President Trump plinlgedging fi and fury, north korea responding by threatening guam. Also markets are responding to all of this. The dow snapping a 10 day wing stre winning streak a full rundown ahead and can i sdisney announcing a strategy shift in streaming. Squawk box begins right now. Good morning welcome to squawk box. Im becky quick along with Andrew Ross Sorkin joe is out, but sitting in with us once again is kevin oleary thanks for being here. Ive really enjoyed it. This is a great show in case you didnt know. Well, we love having you here and you come to splplay every dy lets take a look at the futures. There have been some Global Concerns about the stepped up rhetoric from north korea and from the United States you can see this morning that the dow futures are indicated down by about 51 points. Yesterday was the first time in ten sessions that the dow actually closed lower and you can see this morning that the s p futures are down by about 11 1 2, nasdaq down by 46. Again concerns about north korea showing up in the marketplace, but not in