charles: president trump, well, threatening to ramp up u.s. tariffs on chinese imports as a delegation of chinese officials due to arrive in washington for face-to-face trade talks and a couple of twitter messages president trump says he plans to raise tariffs on $200 billion of chinese imports to 25% starting on friday, up from 10% currently. edward lawrence here with the very latest. reporter: trade sources are telling me chinese want to pull back on some of concessions they made last week during the trade talks in beijing. that prompted president trump to have meeting over the weekend with the u.s. trade delegation. he made the decision to increase tariffs from 10% to 25% on $200 billion worth of chinese goods. in response, chinese negotiator liu he did not get on a airplane to come to the talks happening in u.s. next week. in fact nobody from the chinese delegation got on a plane to come here to trade talks. the chinese figuring out what the next step is here. here is s
as a model of peaceful co existence. what does he want from the visit? good morning and thank you for the invite. the chinese administration has a twofold agenda. normalising the relationship with europe. europe has lodged a sequence of blow with china and some practices of trade. and on the political side, with the ukraine and russia block and the european countries are, let s say, quite upset by the fact that now some companies in china are supporting. , russian companies are supporting the russian war effort and this is clearly a problem. the second thing is clearly the huge and massive trade imbalance between europe and china which is something that the french president as pointed out as something that needs to be dealt with in the short term. figs needs to be dealt with in the short term- short term. as we were mentioning short term. as we were mentioning and - short term. as we were mentioning and you - short term. as we were - mentioning and you alluded to that, se
nasdaq the dow also closing at a record high it looks like we ll open sharply lower. the dow losing 124 points right now, the s&p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the ten-year note 2.584% right now that s the highest since march 15th a big move in the ten-year treasury yield that s challenging the equity rally today. the yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0.20%. over in europe, right now at hope the dax down by 0. % cac down by 0.6% looking at the price of crude oil, highest level since 2014. wti, 63.43 breaking news this morning. let s get to becky quick live in omaha. good morning good morning. there s breaking news from berkshire hathaway the company out with a statement saying that it s going to be increasing its board of directors by two members to include two key members of its operations team who people have been
live from new york where business never sleeps, this is squawk box. good morning welcome to snark box. and what s 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. let s 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. it s the first time the nasdaq and the s&p have fallen in 2018 it had a six-day winning streak up to that point we ll 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 we ll see. still early in the session we ll 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 big
here are the big stories we re watching china central bank cutting the bench mark interest point. the move giving stocks a boost in asia today. and then this one is deep. a big deal. check this out. nxp, andrew is buying free scale. check out the nxp price. it s in cash and stock about $12 billion is what they said. no premium initially because it closed at $36.11 free scale did. and they re paying $36.14 in cash and stock. look what happened to the acquiring company nxp is up 14 or 15%. so the tieup between the two companies are getting more valuable by the second. but it s more than $40 billion. both make a lot of things for cars. you know, some mobile stuff but i think free scale was mostly microcontrollers and nxp has recently gotten into stuff for payments, too. which is getting both have been in private equity hands and come out. freescale used to be motorola s semiconductor and nxp was part of philips. you know this? i did. did you really? you re acting like ev