Good morning, welcome back to squawk box right here on cnbc this morning. Im Andrew Ross Sorkin along with joe kernen and kelly evans. Becky is off today lets show you where futures stand at this hour maybe 12, 15 hours after President Trump returning to the white house. The dow looks like it would open down marginally about 63 points off, nasdaq off about 83 s p 500 off about 15 points. Lets also show you treasury yields as we speak, well show you the ten year yield right now, you are looking at 0. 763. Meanwhile ill pass it over to kelly. Thanks for joining us this morning. And youve got the news on President Trump. And before we get to that, joe, we were just joking about, you know, you and me we could banter and we were in studio and andrew wasnt and now, you know, were all no, you are in studio still im still here. Ive been here since april and i like it here there is no delay. Is that are you wearing orange or that red i think that were in sync sort of yeah, it was an orangey red
, warning a significant backer for years to come. Secretaryse cabinet pledging to maintain policy if he wins, but says more can be done. Lets get a quick reminder how u. S. Stocks ended. The s p closing at a fresh record. This in the face of warnings of a k. G. Recovery and pessimism relief bill. Tesla dropped as much as 15 after Bailey Gifford cut its stake. We are seeing s p under pressure. Lets check in on oil. Below 42 after slipping to a three week low with upcoming refinery maintenance weighing along with a stronger dollar. The greenback rose the most as the euro slips positioning. Technicals are favoring abounds in the dollar, according to scotia bank. We are shaping up in asia, futures pointing higher, holding above 106. Yoshi keeping big stimulus going in japan. We will be watching chinese tech giants after india banned appser sets set of including baidu. Drivers fueling performance of chinas big tech stocks from march lows. The rally has been broader on the mainland than in t
Reputation that caught our attention. It is discrepancies in the rules. Earlier this week, the director talked about how it should be used. It was narrowly focused on looking at the pay roll and trying to help those businesses keep their employees paid. Yet newly released date eight shows 730 corporations, including several employment agencies all report zero employees. Yet they cash in the on 257 million in fulling. They did not retain any employees is a lot costly there be another explanation . If it says zero, i have to believe its probably more of a data reporting error or a field the bank didnt capture for some reason. Reporter heres a question. Why would an application for a milliondollar loan be approved without the company even identifying jobs would be retained in. An shoot outrage. The real incentive for many of these companies is that even if they knew they would have to refaye loans because they didnt use it toward saving jobs, they were able to benefit from the extremely l
Good morning, mr. Chairman. I think the witnesses for coming this morning. An incredibly issue an incredibly important issue we need to care about and make a policy on. Your meeting to discuss the state of cybersecurity and the grid and the continuing threats facing Americas Energy infrastructure. We continue to see increasing threats to the grid originating both at home and abroad. And glad to see the doe firm and others taking steps. Our energy grid serves as the backbone to our economy, Touching Every aspect are our lives every aspect of our lives. Reliable grid is crucial to the National Security and a clean energy future. For lawmakers to enable innovative advancements that we can improve the security and reliability of our electric grid, we must work on a bipartisan basis. And, actively engage with leaders as we are doing today. The modernization and innovation of our Energy Infrastructure is already underway. What was once a oneway Delivery System has evolved to a Dynamic Networ
Subcommittee will now come to order. I want to thank all the members and the witnesses for appearing before the subcommittee this morning. The chairman will now yield five minutes to migrate friend, mr. Mcnerney from california for five minutes. Good morning, mr. Chairman, i thank you for yielding me the five minutes and i thank the witnesses for coming this morning. Its an incredibly important issue that we needed to care a lot about and make good policy on. Were meeting today to discuss the state of Cyber Security in the grid and the continuing threats facing Americas Energy truer. We continue to see increasing threats to the grid originating both at home and abroad. Im glad to see the doe and ferc and others taking steps to address the growing dangers posed by nefarious actors. Our energy grid serves as the backbone of our economy Touching Every aspect of our lives and a reliable grid is also crucial to our National Security and for a clean energy future. For lawmakers to encourage