Have stocks moving on that that will bring you up to date and we aredebating whether big change in Interest Rates is about to affect the stock market weve seen rumblings of and well get to that important story coming up, but we begin with breaking news, a report that canada is increasingly convinced that President Trump will pull out of the north American Free trade agreement. Don chu joins us now with more on how that could affect the market. That tracks some of the Biggest Companies in canada and in mexico. The Biggest Companies in canada. You can see thats pretty good stock down about one and a quarter percent. On the chart just when those headlines came out with regard to whether or not canada thinks that the u. S. Is going to withdraw from nafta. That move there exacerbated by those headlines. Also the ishares mexico capped etf, this is another one that tracks the biggest mexican companies. Same kind of situation that chart on the right hand side, right when the headlines came out
Live from new york where business never sleeps, this is squawk box. Good morning welcome to snark box. And whats new about that andrew is off today sitting in with us for the hour is Peter Boockvar, editor of the boock report very clever. Well done. Boock report yes i like it also a cnbc cribber we have a lot to talk about. Lets start with the u. S. Equity futures. Rattled rattled. Dow was down by 16. The s p was off by 3 nasdaq down by 10. Its the first time the nasdaq and the s p have fallen in 2018 it had a sixday winning streak up to that point well watch things this morning. Right now modest advances with the dow futures indicated up by 20 points. S p up by 4. Nasdaq up by 7 well see. Still early in the session well see as we head towards that opening bell what will happen overnight in asia, stocks in hong kong closing higher for the 13th day in a row, extending the record rining stre inwinning st index. Shanghai up by 3. 2 the dax is the biggest decliners of europe, down by 0. 2
Earlier. There are two kinds of trading halt, the kind caused by some sort of computer malfunction and the kind where government stops trading because stocks are in free fall and its the only way to break the velocity of the decline. Trust me you want to be in the trading hall caused by the computer crash and the New York Stock Exchange and not the one with the stock market crash namely the indices that trade in china, but you wouldnt know it judging by todays horrendous action. The dow tumbling 261 points and the nasdaq tumbling 1. 75 . There were not one, but there were two marvels today. The first was that the New York Stock Exchange went down and, i dont know, nothing really happened. Trading got rerouted to other exchanges and as painful as it is to say it got to the market was as bad on the other exchanges as it would have been in the New York Stock Exchange. I can remember a time when the New York Stock Exchange was the only game in town and this outage would have caused widespr
Google surging. Ge shows strong profit in the industrials unit as the Company Continues to shed the assets in finance. Amazon says hater can hate but prime day is here to stay. The company saw a 93 prime increase. The germans say yes to starting the bailout talks. Were waiting for a formal announcement that talks will start on monday to keep greece in the eurozone. First up google up sharply on strong quarterly results. Up 25 in the past week. It beats the street. The Company Called out a Strong Performance in mobile in youtube and program advertising, but its an increasing focus on cost thats getting the attention today. This is ruth porat on the call last night. To be clear, the prioritys Revenue Growth but pursuing it is not inconsistent with expense management. And as i noted were just starting the 2016 budgeting process. In my experience the best way to slow the rate of growth in expenses is to work closely with Business Leaders anchored in data so we can identify ways to prioriti
Mccain wants a different kind of appallgy from the trump. And shark showdown. A champion surfer coming face to face with a shark on live tv. Knocked off his board. He kept coming at my board, i was like kicking and screaming and, wow. What he said this morning about how he survived the terrifying encounter. We do say good morning, america, on this monday morning. Whoo, some scary moments for that surfer we just saw. Well hear what he says. If hell ever get back in the water ever again. And well go Live Television. His mother was watching. Oh. She said she just wanted to reach through the tv and pull him out of the water. All on impulse. So scary to watch. Not a scratch on him. He fought it off. A lot more on that coming up. We begin with the flooding this morning. Some of the worst downpours Southern California has ever seen in the summer. Its supposed to be the dry season. Look at that parking lot. Now a river. Those cars are getting submerged. Ginger starts us off. Its amazing to see