Warm friday welcome to Worldwide Exchange on cnbc. Im wilfred frost along with Morgan Brennan in for sara today. Good morning. Good to be with you. Great to have you here. Its new music friday. Kicking off a brandnew song from coldplay and the chainsmokers called something just like this. I am a fan. Ill be downloading it. You guys always have the best music. Lets get to the markets today. Now the dow has notched ten records in a row. This is the longest streak of record closes since the first 13 trading days of 1987. The dow is up about 5 over the past month alone. Taking a look at futures this morning, in light of that fact, u. S. Equity futures are red across the board. The dow indicated to open 8 points load. The s p indicated to open 2 points lower, and the nasdaq indicated to end 11 points lower. Yesterday, the nasdaq ended in the green just barely, and we have had a shift into safe haven stocks, utilities, telecoms. Utilities the best performing yesterday. That headline, ten Str
The shanghai closed flat. Early trading in europe, markets under pressure. The dax down by 1 , as is the cac in france. Ftse down 0. 6 . Look at crude oil prices. Right now it looks Like Crude Oil is down by 29 cents. Natural gas has been under some extreme pressure over the last week or two. Couple of big stories were watching. President trump is calling china the grand champions of currency manipulati manipulation. In a reuters interview, trump said he has not held back in his assessment that china manipulates the yuan. The China Foreign minister saying china has no intention of using currency devaluation to its advantage. Just yesterday in your interview with mnuchin, he wouldnt go that far. He didnt call it a ma manipulator no, it seems like he stepped back from the trump promises to label china a currency ma anybo manipulator from day one. China has been propping up the currency recently. Well see what happens, but it will be a much more settled but trump will go out there, say it
Regulations. We have a look at an industry burned just as bad as coal. The shocking sector that saw business slashed in half and the somewhat complicated road ahead for untangling the red tape. A cold relationship growing warmer just as another involving a closer ally freezes up. Were talking to two men on the front lines of key negotiations with both russia and mexico under president s clinton, bush and obama, as President Trump looks to turn policies of the past on their heads. And snap, inc. , a 20 billion price tag and buzz abounds for what could be the biggest ipo in five years can. This unicorn take off like facebook or will it go the way of twitter, who despite the love of President Trump cant get Business Model to fly. Social media guru Pete Schneider makes the call on whether you should snap to attention and buy the snap ipo. Plus a possible new schism brewing at the white house over border adjustment tax between what President Trump is saying and one of his top key economic a
Different tone from the president on taxes and trade to immigration and obamacare, his message to the markets. Plus, the market rally returns as investors digest white house Economic Policy and that possibility of a march rate hike for the fed. And prepping for the biggest u. S. Tech ipo since facebook, snap is set to price tonight but will the ipo prove a boost to the tech market . First up in his first speech before a joint session of congress the president highlighted his plans for boosting jobs and the economy including tax cuts, trade deals and a major infrastructure program. I will be asking congress to approve legislation that produces a 1 trillion investment in infrastructure of the United States financed through both public and private capital creating millions of new jobs. This effort will be guided by two core principles. Buy american and hire american. I guess we can start on infrastructure right there, jim. People paying attention to the language, legislation that produces
President jim bullard said the fed could begin winding down its massive Balance Sheet later this year. He suggests the shift makes it nez to raise fund rates but bullard told reporters it differs on the topic. Janet yellen is speaking at the university of michigan this afternoon. Wednesday, look for import prices, thursday brings jobless claims and march cpi. Markets as i just told andrew closed on good friday. So there is no work. Is that why you didnt know . I said to you how great a morning it is on squawk box. I did realize that there might not be a squawk box on friday morning. Ill give you the benefit of the doubt because easter is early this year. Its like so, i wasnt thinking. I mean, im not going to be here as of wednesday. Right. You already planned your so, i knew that was coming because there was packing involved and things like that. But im glad that that set you off in a good mood. As you know, positivity is my new mantra. Three steps forward and two steps back last week.