Kospi in south korea was up by 1 1 3 shanghai index ended slightly higher as well this morning in europe in some of the early trading weve already seen, again, the green arrows continue there, too the dax is up by over half a percentage point the cac in france up by 4 ftse is up by. 3 of a percent. Check out crude oil prices which were up sharply last week. We saw oil close above 50 for the first time in over a month a gain of 2. 50 over the course of the week. This morning down by 2 cents to 49. 87 currency, dollar was also stronger after coming under pressure in recent months but the dollar index was stronger. Dollar down against the euro at 119. 5. Up against the yen, 111. 29. Record night of emmy awards. Handmaids tale. Took home the top prize. The cast of veep took home the best comedy. Saturday night live came out on top it won nine awards hbo won the most awards of any network. Big little lies helped secure that record. Hbo held off netflix yet again winning 29 total emmys compared to netflixs 20. It is a big win for hulu and its quite amazing how one show, this is sort of like house of cards situation house of cards made netflix. Have you watched this i have watched the first two episodes my wife loves it. She watched the whole thing. I just i travel schedule any potential yeah, its a real show. For us . Yeah. I mean, its deep. Theres a lot going on i was watching future potential emmys last night and i did watch the deuce with david diamond. With my kids. A little too late to try and say stop about a couple of times my eyes were like yeah. Full frontal stuff happening in this one. But now ive also im hearing narcos have you done that narcos yes the third season of that. Oh, i havent seen that ozark. Everybody is talking about ozark. Thats the ore one. Okay. So the emmys if it was colbert, it must have been cbs, the way they do that yes. They cross promote their super late night so they stick their guy in and its on their network. We would never do that. Thats what we do when we do it we didnt do it last night. Not last evening. If im able to criticize do what i say, not what i do. This is us was robbed is what you should be saying. My rant today is im just sick of twitter dictating whats actually news. Just because something trends on twitter does not make it news. Like i read that that one actress was kidding and shes when laura dern won. Jackie hoffman said dammit, dammit i saw her saying, you really think i was serious . She goes, its not the media its the 10,000 people on twitter. The true twitter eruption last night was over sean spicer. I know it. You saw what he did. I saw it on Huffington Post. I saw your take on Huffington Post. It drove me razy. It drove you crazy . Yes he went out there, made fun of he made fun of lying to the public. Good natured. I thought it was funny. Im not saying it wasnt funny. The other thing the Huffington Post said, trump tweeted something out he took a swing with a golf club and hit Hillary Clinton in the back. They called it theyre advocating violence and ma soj any on hillary the world is going crazy over the weekend i said, stop the world. I want to get off. I cant take it anymore. I cant. I ka cant. I cant take the Huffington Post spin on things i cant. Its killing me. I see that. Im sorry. Its un news for you. Among todays top i will just say one thing i never saw jay carney or josh bolton or josh earnest the star of the emmys, so i guess maybe lying is or at least you said it, i didnt keep going okay. I would say that lies a little like i said, that lie is a little more frivolous irs lie. Corporate news. Northrop grumman reported a deal to acquire missile and rocket maker orbital the announcement could come as soon as today. That doesnt have to do with rocket man, does it . Exactly the wall street journal i thought about that and how exciting it is to see a rocket blast off. The Acquisition Price could exceed 7. 5 billion if a typical premium is attached and at t is reportedly considering investing its latin american tv assets which could be worth 8 billion. Slack bringing in fresh cash from investors the company raising another quarter of a billion dollars thanks to a big injection from soft bank. Company is valued at 5. 1 billion. Slack says it will help run it as a cash Generating Company and reduce its dependence on outside financing. The tragic thing that happened, guys, was theyre scouting location for narcos. You saw this scouting locations in mexico for narcos and a guy got shot. I didnt see it. You didnt see this no, this i missed. Hes now dead theyre looking at this was another twitter thing so, you know theyre thinking of using colombia because it would be safer than mexico to scout locations for the scout was unfortunately in the line of fire down there. Wow thats why you know, thats why i checked you know, i think there was a third season that wrought brought it prominet everyones discussion with narcos. Lets get to washington ylan mui joins us. Reporter good morning, President Trump is in your neck of the woods this week hes in new york for the annual United Nations meeting and the growing threat from north korea topping the agenda there trump discussed with president moon jaein over the weekend they agreed to strengthen deterrence capabilities. Trump has promised fire and fury if this doesnt work nikki haley said sunday on cnn that the president plans to make good on that threat. We all know that basically if north korea keeps on with this reckless behavior, if the United States has to defend itself or defend its allies in any way, north korea will be destroyed. Reporter the president also tagged north koreas leader with a new nickname this weekend calling him rocket man in a tweet and saying there are long lines for gas following the u. N. s new sanctions another issue sure to come up at these meetings, the u. S. Policy on climate change. The wall street journal reporting that the white house is looking for ways to stay in the paris accord, however, Administration Officials say that story is false and the u. S. Would only stay in if it could negotiate a better deal. Today the president has bilateral discussions with Benjamin Netanyahu and macron. Guys, this is trumps biggest moment so far on the world stage so well see how his America First agenda will go. Ylan, thank you very much. In other news in the intersection of business and politics, Facebook Says it handed over new ad Sales Information to special prosecutor Robert Mueller. That news comes as lawmakers turn up the pressure on facebook to provide more information. Heres what adam schiff said over the weekend. We are requesting a lot more information from facebook and we have received some information but there are a lot of unanswer erred questions. Frankly im distressed it has taken us this long to be informed that the russians had paid for at least 100,000 dd of ads designed to try to influence our electoral process. Earlier this month facebook revealed, quote, inauthentic russian actors bought 100,000 of ads on the site theyre saying there are people inside the white house concerned that each other might be taping each other did you see this they might be wearing wires as part of some kind of mueller investigation. Thats part of the Big Questions to come back to facebook and some of the other Technology Companies there was a huge piece suspecting that facebook has been the darling for so long of Silicon Valley and washington but once you get into areas like this, is this going to change . Are there going to be calls for regulation is this going to have to be a u. S. Centric company and not steer clear of any government . Couldnt you always be sitting there with your phone on video record when i talk to you now off camera i dont do you notice i just try to confine it to small talk i dont say what i really say. You havent said what you really think no. Oh, boy sure. Couldnt you do that . Anywhere you are now, worry that everything is recorded. I think you should always think that youre being well, thats apparently the concern. That makes it hard to work. With the watch now, right yeah. Well, it has a telephone on it, right . If it has a recording device. Society needs to be different than five years ago. Jokes. Pictures selfies. Got to watch the selfies poor giraldo watch the selfies as you know. We have to watch the selfies. Some people that enters their mind. Lets get back to the markets. If you look at other Asset Classes, there was some risk in the marketplace especially the run up in gold and that manifested itself in a sentiment measure. Were going to talk about some of the other Asset Classes including oil in just a moment, but in the meantime gabriella why tonight you talk about where you see the economy now if it supports the technical move we talked about. For the economy we saw a nice pickup in growth in the second quarter. We think the Third Quarter can be quite strong as well. Strong consumption coming in of you have some inventory adjustment as well for the Third Quarter. The economy here in the u. S. Is holding in nicely. More importantly i think for some of the moves weve seen in earning expectations and the s p is the acceleration thats happening abroad thats really getting amplified by the weakening of the dollar earnings justifying that move. What i cant figure out is why the dollar has struggled so mightily. I think its a story of how far, how fast it moved, 20142015. There were two main stories there. The u. S. Was the only house on the block, the only economy picking up speed thats not the case at all anymore. The fed was the only bank that was moving at all and thats also not the case anymore. In our view the move is downwards for the dollar over the next year. Isnt it weird though to see the euro at almost 1. 20 for the dollar and think, okay, this is where we are were almost at parity or we thought we might hit parity. The european economy is so different now when we were very close to parity, right the eurozone is staging a very, very nice excacceleration in grh and thats coming domestically the European Central bank is getting much closer in normalizing policy itself. It does justify a stronger euro, not just in europe but in the next year. It was a peaceful mark grant pointing to what we have seen from Central Banks and this massive global liquidity even when they talk about potentially tightening, it is just removing a huge rip from the bucket and what were really talking about while the boe and the ecb and the bank of japan continue to really be incredibly cash rich. Still going to be a very, very gradual adjustment. We are taking steps in that direction. We do expect an announcement from the fed this week normalizing the Balance Sheet. Then we do a second announcement next month by the European Central banks to start tapering. Its very gradual but the tide is turning thats something to watch when it comes to fixed income. Katie, why dont we talk a little bit about oil we did see oil push back above 50. What do you think from the technical perspective . 50 per barrel is a psychologically resistant level. So breakout about that level would be, of course, a positive. It would create a higher high. We already have a higher low i believe weve already seen an intermediate term turn around. Whether thats lasting in the next few months i cant be sure. Certainly momentum has improved. So to me the supports right around 46 to 48 per barrel. Resistance right about in line once we get above that, you Start Talking about the high 50s. The high 50s . The high 50s. Just not not ever think about fundamentals or trump or north korea, just listen to what the market the message of the market says. Really. I think thats true. The orbital deal is done Northrop Grumman is acquiring orbital for 9. 2 billion. Anything else we should be watching from a technical perspective . Yields are very important now. We saw a backup in yields, treasury. Down quick and up quick thats right. A little bit of a shakeout that shakeout has benefitted the Financial Sector when you think about sector leadership for q4, maybe financials will come back again and be tech will take a back seat. Katie, gabriela, i want to thank you. Quale did you see this capricorn who are ri scope no. Be careful what you say over the next 24 hours. This is one of those occasions when it might be best to say nothing. So, i mean, i i read that huh say nothing. Im not a big believer in who are r horoscopes. Were going to need another hour. You missed my joke. Ive been waiting to use that. I dont believe in them but capricorns are very cynical. Never mind. Coming up when we return, thank you for the room i stole that. Stay tuned. Youre watching squawk box right here on cnbc people dont invest in stocks and bonds. 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Its knowing someone cares. Its feeling safe. Its a today thats better than yesterday. Every dollar you can spare helps so much more than you can imagine. Please donate now to help people affected by Hurricane Harvey. Your help is urgently needed. Its not just a donation. Throughout history, the one meal when we come together, break bread, share our day and connect as a family. [ bloop, clicking ] and connect, as a family. Just, uh one second voice guy. [ bloop ] huh . Hey . I paused it. Bam, family time. So how is everyone . Find your awesome with xfinity xfi and change the way you wifi. Welcome back to squawk box. More details in Northrup Grummans deal buying orbital for 7. 8 billion in cash also assuming 1. 4 billion in net debt the deal valued at 134. 50 per share. The agreement has now been officially approved by both boards deal expected to close in the first half of 2018 and puerto rico could be facing its worst hurricane since 1928 nbc meteorologist Steve Mclaughlin joins us from cnbcs World Headquarters steve. Well, good morning. You know, last week we had irma and it was a huge storm. Winds of 185 Miles Per Hour, but it never actually made landfall in puerto rico this one could be a lot worse even though its not nearly as big as irma was. We want to begin with jose now a category 1 hurricane little bit weaker than 24 hours ago. We were up to 90 Miles Per Hour yesterday. Now down to 85 it continues to move to the north. The bottom line is that anywhere from washington, d. C. , to boston there will be impacts, but the likelihood of landfall is going down as we check out where our hurricane watches are, basically Fenwick Island up the jersey shoreline east of new york city, long island, coastal connecticut, coastal rhode island up to plymouth. Thats all of cape cod this is where we have the most likely Tropical Storm conditions those are winds over 39 Miles Per Hour maybe gusts higher than that storm surge and heavy rain i think new england will be taking the brunt of this storm as we check out the track, the storm continues up to the north. It should weaken into a Tropical Storm and that means winds 39 Miles Per Hour, maybe up to 70 Miles Per Hour at most the storm will then just graze cape cod and then do a little bit of a loop. Its pretty interesting that this storm is going to try to make a second run at the northeast about 5 to 7 days from now. Well talk more about that in a bit. First i want to show you the latest on maria. This is a much bigger storm. It is going to make landfall around puerto rico over the next couple of days as a major category 3 or 4 hurricane. The good news for south florida where i live, this storm does not look to be a threat. Bahamas could take a direct hit. If you are watching from the east coast, new york all the way up to boston, maria could be a factor in your weather next week big question is how does maria interact with jose those are questions that we will be answering over the next couple of days for sure. Well send it back to you. Thank you for that. The cnbc global cfo council releasing its latest survey this morning. Jackie deangelis joins us with the details. Good morning. Good morning to you, andrew the survey covered a range of topics, but the answers on trumps performance could possibly be a predictor on the markets next move the cfos gave him some credit for the record runs weve seen in the market, about 60 a little more than 40 gave him the same rating on job creation. Looking forward, they thought deregulation would have the most positive impact over t