Water. Early today starts right now good monday morning im phillip mena and im dara brown. We begin with wild weather that has been sweeping across the country. Dangerous storms tore through the midwest and northeast. At least nine people were injured after a Lightning Strike sent a tree crashing down on a tent for more on the latest round of Severe Weather heres nbcs kathy park reporter bursts of lieening lit up parts of kansas while two hours away 80 mile per hour winds toppled trains dozens of railcars had to be turned up right with the help of y chery. Those severe s tormthroug dumping heavy rain and snapping tree limbs onto cars and homes just sleeping and woke up to this mess. That tree came down, went through the tc the garage. Water pouring in the house reporter dangerous weather stranded passengers at both airports in chicago, with hundreds of Flight Cancellations and delays and just outside the city, a jolt for golfer Phil Mickelson forced out of his hotel by mother nature. N
On this afternoon. In asia, the nikkei was down the hang seng was up 0. 23 for european markets, the dax is slightly lower you see slight gains for the cac, the ftse 100, stocks in italy and in spain look at the Treasury Department. The tenyear is yielding 2. 090 . We have a very busy day going on in the markets. From wall street to washington, lets get you through the squawk planner. On the earnings front, three big banks on the docket starting with jpmorgan that will come at about 6 45 a. M we have Goldman Sachs coming in with its earnings. Those should be announced around 7 30 wells fargo earnings should cross the tape at 8 00 a. M Johnson Johnson will also report at 6 50 a. M. Eastern time well bring you a first on cnbc interview with the cfo right after that report. On the data front, we will be getting june retail sales, import and export prices as well that all hits at 8 30 a. M. The other big event on the planner is big tech is back in washington today the house judiciary subco
Lighthizer to go to beijing in the coming weeks to get things restarted. There are three areas where they are stuck. The first of which is what to do with huawei. The president in osaka committed to president xi that he would loosen restrictions on u. S. Sales to huawei, which is a big demand from the chinese. The second piece is the president once the chinese to resume form sales, foreign purchases. That is about addressing one of his big political constituencies. Where youthing is start these negotiations . There are 150 pages of text they left in may, and it is unclear if that is where they start or they start all over again. David trade negotiations are always difficult but i do not remember the one where the parties do not agree what they agreed to. The president said the chinese have agreed to buy agricultural products, chinese said we have not agreed to that at all. Why can they not agree on what they have agreed on . Shawn that is one of the big problem and that is a repeat on
He. Live from new york where business never sleeps, this is squawk box. Good morning welcome to squawk box on cnbc. Im becky quick along with joe kernen andrew is off today. Weve been watching the u. S. Equity futures, things are still in the green dow indicated up by 60 points. The s p up 7 and the nasdaq up 27 the dow and the s p 500 for the month of june are Still Holding on to their gains. For the month, dow above 26,000. Look at what happened overnight in asia. The nikkei was down by a half percentage point the stocks were flat for the hang seng and shanghai composite. In europe in some early trading, there are green arrows across the board. The biggest gainer of the three major averages is the dax in germany, up 0. 4 in italy, stocks are up 0. 6 watching the treasury market in the United States, the tenyear is yielding 2. 112 . The u. S. Navy is assisting two tankers reportedly attacked in the gulf of oman. According to the fifth fleet, u. S. Navy forces in the region received tw
Years, along with china and others. Alix and today is the start of the fomc meeting, and hes been putting a lot of pressure on them. What are you guys doing for me and my growth . David it is fascinating that hes really accusing them of being a currency manipulator. Alix we have another headline crossing, saying that they a rate cut as a primary tool for stimulus, outlining what draghi said. What is surprising in that headline is that the rate cutting will be the primary one. David particularly because he mentioned Forward Guidance and the asset purchase program. Now the report is that when they do it, they are going to do it through the rate cuts. Alix to me, the question is how much lower do you want to go . You are already at a 40 basis points. How low do you go, and what does that mean for your tltro, the longterm Borrowing Program . David and ultimately, is that going to get them to do percent get them to 2 . They havent gotten close. Alix our other story is facebook, so staying w