it is 5:00 a.m. here at cnbc global headquarters. here is the "five@5. the deal president biden looking to rally around the debt ceiling agreement. we are live in washington. and stocks in the u.s. appearing to be on board with the deal as lawmakers and investors return from the long weekend. and different story for turkey the lira slumping to new lows on the re-election of erdogan the latest on the development in a moment. and nvidia looking to keep stock surge rolling. announcing deals to cash in on

the big a.i. boom. and last, but not least, we kickoff the special series putting the spotlight on stocks and potentially set to pop into the summer and if it will be a blockbuster summdeal for the studios. you are watching the "worldwide exchange" here on cnbc good morning welcome to "worldwide exchange." hope you enjoyed the long weekend. i'm frank holland. let's start with the check of the futures. investors return from the weekend and looking at futures and seeing moves to the upside here if the markets were to open now, the dow opening 75 points higher the nasdaq doing the best of all of them. we are checking the bond market on the back of the debt ceiling

from washington. the 10-year treasury yield at 3 3.74 you have to remember the move to the upside this month. anxiety over the deal. big move to the upside 2-year treasury is continuing to rise after the deal has been reached. now at 4.53. at one point this month, it was below 4% we also get a check on the short end of the curve the one-month spiking at 5.804 at one point it was up at 6% we are seeing the two-month and three-month elevated right at 5.4. getting a check on oil the u.s. benchmark wti is down 2 points it is ticking up as we are talking. brent crude at $75.68.

the biggest move is natural gas. down 3% this morning time for the check on the action in asia and in europe our julianna tatelbaum is standing by in our london newsroom >> frank, welcome back after the long weekend as for trade in asia, the majority of regions traded higher shanghai gained ten basis points positive nevertheless. the hang seng broke .25% and the nikkei gaining 0.3%. it wasn't the japanese equity market in focus overnight. it was the yen the dollar/yen right now is in focus as we got the announcement from the japanese authorities. the japanese central bank and ministry of finance and financial services agency would hold an emergency meeting to discuss the international financial markets. not a lot of context, but

something to keep an eye on. it is trading at 140 right now in the european markets, it is a mixed picture for europe we had a public holiday yesterday. this is the first day of trade for the ftse 100 down 13 points we have green on the board for the german, spanish and italian markets. >> julianna, you are watching the fallout from the political developments over the weekend in turkey and spain >> we are, frank to turkey where the lira has sunk to record lows after recep tayyip erdogan secured another term in power. this extends him to the third decade in power. the inflation is above 40% we think we have inflation problems here. the low interest rate policies and emergency measures to prop up the lira cannot continue. we are keeping an eye on spain

as well. major developments spanish prime minister sanchez called for a snap election after heavy losses from the coalition government in regional baltlots over the weekend now this will take place three weeks after the presidency of the eu in july the spanish equity markets are trading higher up 10%. frank. >> julianna tatelbaum live in the london newsroom. thank you. to washington and the developments around the debt deal president biden and mccarthy reaching the agreement over the holiday weekend to raise the borrowing limit and avoid potential default. both leaders rallying to shore up support within their parties to get the deal approved nbc's brie jackson has the latest brie, good morning >> reporter: frank, good morning. both sides are optimistic. the white house is working the phones to sell the deal to moderates as well as progressive

democrats. with the bipartisan deal to avoid default reached, the focus is now securing the votes to get through congress >> i spoke to mcconnell. i spoken to a bunch of people. >> reporter: the two-year deal suspends the borrowing limit until early 2025 and holds non-defense spending flat next year with the 1% increase in 2025 and bumping up military spending something president biden wanted >> i think president biden did the best he could do in a difficult situation. >> reporter: republicans are touting wins, including a new budget offices estimate to project cutting more than anticipated. democrats are not happy about the deal's expanded work requirements for federal food stamp recipients >> i feel we are held hostage. we should never been in this

position again and i cannot and will not be rubber stamp >> reporter: some hard line republicans voiced concerns. despite pushback, there is optimism >> it will get through the house. it will get through the senate it will be signed in law >> reporter: the race is on for congress to secure votes and get the debt ceiling bill to the president's desk before june 5th default deadline the rules committee meets today to process the debt ceiling bill the measure is expected to go to the full house for a vote on wednesday. frank. >> brie, you say it is expected to get to the full house on wednesday. it has to get past the rules can comm -- rules committee. is there a chance it doesn't pass >> reporter: some republicans are the hard line republicans critical of the bill p p it is possible that those members could kill the plan if they are unable to get

democratic support house speaker mccarthy was asked about this and he said he is not worrying about hypotheticals >> brie jackson, thank you time for the check on the top corporate stories with silvana henao. silvana. >> good morning, frank new signs of strained relations with the u.s. and china. beijing declining request by the pentagon for a meeting with the defense secretary lloyd austin and chinese counterpart at security summit in singapore this weekend previous reports that china told the u.s. that there was little hope for a meeting as long as the biden administration maintained sanctions which was imposed by the trump administration in 2020 and speaking of china, elon musk's jet landed in beijing

marking his first time in years to the country he will visit the tesla shanghai plant. the plant is the largest production hub china's foreign ministry this morning said it welcomes mr. musk and like to see other foreign investors operate in the country. hsbc seeking a fresh start for the european arm of silicon valley bank. it is renaming it to hsbc innovation banking the new name will formally be unveiled during a london tech week in mid-june frank. >> silvana henao, see you later on thank you. a lot more to come on "worldwide exchange," including the one word that investors have to know today. plus more on the key take aways from the debt plan and whether

hurdles could be lurking in getting the deal over the finish line. we layout the impact the agreement has on the market and your money and a possible liquidity drain. and not feeling the a.i. craze. caleb silver is here to say it is getting a luke warm reception in retail investors. we have a very busy hour when "worldwide exchange" returns is p keep our online platform safe from cyberthreats? so we can better protect our customer data? absolutely. can we provide health care virtually anywhere? we can help with that. is it possible to use predictive monitoring to address operations issues? we can help with that, too. with global secure networking from comcast business. it's not just possible. it's happening. ♪ these are the people, who help you stay well. ♪ ♪ searching lower prices, ♪ ♪ and brands you love on the shelves. ♪ behind the counter, or in the aisles, healthier's better when it happens together.

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welcome back to "worldwide exchange." looking at futures on the back of the debt ceiling agreement. nasdaq is the best performer up 1% the dow, if it opens at this time, would open up 100 points higher s&p is well in the green up over .50% right now. investors turjning attention from the debt ceiling to the home confidence figures and tomorrow is the adp data and release of the beige book on thursday with the jobless claims with ism manufacturing numbers then we get the big monthly jobs report more for on the busy trading week ahead, i'm joined by seema shah good morning great to see you >> good morning. >> i think we have to start with the news of today of the debt ceiling deal framework it is not done yet

how are you looking at this and how much of a concern is it not passing? >> it is limited concern about that i think the negotiation was the toughest part and we moved past that hurdle the. th -- hurdle. there is an idea we will face this again in two years which is not much of a concern. right now, it is turning back to the fact tors in the u.s. economy. >> very interesting. one thing i want to talk about is the fed let's say hypothetically the debt ceiling is done and we move past this. we have a fed meeting in two weeks. you look at the cme fed watch tool it is a split of a pause or a hike what is your opinion >> i think the market would be

concerned if they see another hike coming from the fed it has been interesting. the market has moved up and down about this for the last couple weeks. initially suggesting that a pause is a fully given certainty. within the last couple weeks, you start to see hot economic data some of those concerns are starting to return you have a greater chance of a hike in the market it won't take too kindly to that there is a lot of hope in the market that not only do you see a pause, but rate cuts starting within a couple of months. that would undo the optimism >> one thing we are concerned about even with the possibility of a deal is the u.s. credit rating downgraded. all three agencies put out a warning for the u.s. credit rating if the brinksmanship puts out a warning, what is the marriage of convenience? what does it mean for the credit rating and the markets and the

debt deal? >> it is interesting of the when t -- it is interesting. when the u.s. was downgraded years ago, it passed quickly the thing is get the deal done and if there is a default, it would not be positive development for the market, but it would move on quickly now certainly that we have moved forward, the ideal situation is a downgrade doesn't come and we need to keep an eye on it. >> are you focused on bonds or should investors be focused on the short end of the bond curve with the one-month providing that yield >> that's a great question now we moved past the immediate concerns, you are starting to see a lot of interest again within that short area for us, the broad fixed income

market is interesting. again, not just in terms of treasuries, but as you look across to the investment grade market it depends which securities you're looking into. >> a lot of people are looking at longer bonds. especially the 20-year yield moving up 1.25%. seema shah, thank you. coming up on "wex," looking on nvidia and the monumental month. the deal about the chipmaker pushing it to the $1 trillion club more "worldwide exchange." back in a moment no big deal? go on... well, what if you partner with ibm and red hat, use a hybrid cloud solution to connect data across multiple systems globally, then analyze all that data with watson. okay, but this needs to meet our... security standards? yup. compliance standards? mm-hmm. so they get the insights they need... yup. in real time... check. . ..to make quick decisions? check. aaaand check.

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welcome back to "worldwide exchange." heading into the new trading week and a.i. stocks coming in hot. look at the one-week gains and what happened to be the last week top nasdaq 100 leaders of the -- leaders marvell and nvidia and amd one indication is chipmakers are the most overbought on wall street according to the latest data, retail traders are sitting on the sidelines in the a.i. rally and institutional investors driving the gains for now. with more insight, let's bring in editor in chief caleb silver.

>> good to be here. >> anybody on social media are talking about buying nvidia. ian is buying as well. the data shows that retail investors are not excited about the a.i. >> where did everybody go? retail trading volume is really low right now. half of the level from january where it was peaking searches around stocks and stocks and a.i. and nvidia stocks are low and searches in general are much lower than the beginning of the year. lower than last two years. >> a lot of excitement of a.i. how does it compare to the peaks in the market during the pandemic we mentioned the reddit rebe rebellion. we saw elevated trading in the pap d pandemic >> we are seeing them nibble a

little bit these are active traders who want to put money to work. we just started to see top a.i. stocks creep up. we have seen nasdaq etf start to creep up generally, frank, people have been playing defense defense wins championships you need offense in the face of the rally. look at the nasdaq 100 a lot of retail investors are sitting back. >> i thought you were about to make a miami heat reference. let's talk about what they are searching for. that tends to be where they are putting their money. what are the top searches on their site >> people are looking for the three-month cd to 18-month cd. the banking crisis and failures got a lot of people back on their heels not trusting financial institutions and their money. they are looking for high yield savings accounts they are starting to nibble

again in a.i. and nasdaq stocks. generally people are not sure. there is still anxiety >> rationalize this for me are you saying retail investors are seeing tech and growth stocks as defense? >> if you look at the top stocks they hold, they hold the big mega caps. nvidia is one of them. it is apple and microsoft. they go to the big tech stocks where they feel safe that is defense. they consider those and safe havens or value stocks in general, where is the safest place to put money to earn yield. >> it is all about yield what are your readers think about bonds right now? we are seeing short-term bonds elevated where do they want to put their money or where are they thinking >> boring is sexy.

in bonds and savings accounts. some people are trying to get back in the market we have active investors, but they have been as cautious as they have been the last 12 months we monitored them and there is defensive as they have been the past 6 to 12 months. hopefully they will play offense because there is a lot going on. >> today is all about the debt deal the thing we will talk about assuming the deal gets done is the fed. what are readers thinking? >> they wonder what the next move is with the fed they are looking at the fed watch tool they are asking that question. what happens when the fed continues to raise interest rates or stops they are looking at what happens next over the horizon. a lot of people are hoping for a pause. they want to put money to work >> caleb silver, good to have you in the house don't leave me hanging

great to he see you. still on deck here on "worldwide exchange," the next steps in the debt ceiling deal the next fight with mccarthy and the president to get this alde over the finish line much more after the break. i'm bill lockwood, current caretaker and owner. when covid hit, we had some challenges like a lot of businesses did. i heard about the payroll tax refund, it allowed us to keep the amount of people that we needed and the people that have been here taking care of us. see if your business may qualify. go to getrefunds.com.

it is 5:30 a.m. in the new york city area we are just getting started on "worldwide exchange. president biden and speaker

mccarthy get to work to sell their deal to lawmakers. kayla tausche is standing by over the hard work just beginning. and markets with the first chance to react to the deal after the long holiday weekend. and nvidia looking to gain on the weekend surge to help cash in on the a.i. boom it is tuesday, may 30th. you are watching "worldwide exchange" here on cnbc welcome back to "worldwide exchange." i'm frank holland. hope you had a great holiday weekend. let's pick up the check on the u.s. stock futures futures pointing to gains. we are seeing a positive trend the dow could open up 90 points higher you see that upside move

nasdaq up 1% this had mmorning. s&p is up .50% a strong start, but we always say it is early. we are checking the bond market after the debt deal in washington the 10-year treasury at 3.72 it started may at 3.43 big move as we come closer and closer to the so-called x date which is moved to june 5th according to treasury secretary yellen the deal is critical when it comes to the markets we also need to check on the short end of the curve the one-month at 5.80. this is elevated at one point it was above 6% it eased from the highs. the two-month at 5.4 time for a check of the

corporate stories with silvana henao. silvana. >> frank, i'm back nvidia's red hot run over the last week continues with the deals for the chip maker nvidia and mediatek will collaborate for car technology me mediatek will use the processing chip as well as software into the chips it supplies to automakers nvidia announcing it will build israel's powerful a.i. super computer the production on the system is expected to start by the end of the year the system is expected to be one of the world's fastest a.i. computers. prosecutors are asking a federal judge to deny a request by sam bankman-fried over the criminal charges of the collapse

of ftx sbf asked the judge to throw out the case after the rush to judgment in a filing yesterday, prosecutors argued sbf's claims were meritless. and tesla expanding access to the super charging network. canada's government revealing the company plans to open existing stations to other ev brands this year the move coming after tesla last week announced ford ev drivers will access 12,000 super chargers next spring, frank. >> tesla shares up 2.75% silvana henao, thank you. to the developments with the debt limit deal. president biden and speaker mccarthy reaching the deal to avoid potential default. the pair's work is just getting started as they face the job of

rallying support for the plan and getting it through congress. kayla tausche joins us now c kayla, thank you for joining us. what is the next step? >> reporter: well, biden and mccarthy brokered a two-year deal in exchange for lower spending levels. they are racing to sell the parties on the deal before the june 5th default deadline. the agreement would see flat spending and cap growth in 2025. military spending would rise 3% this year. $21 billion would be reallocated from the irs to elsewhere. all stepdowns from original proposals which president biden said represented a compromise. >> the agreement represents a compromise which means no one got everything they want

>> reporter: now comes the hard part getting lawmakers on board with each party up in arms, the republicans have 150 votes and democrats need to deliver 70. >> i expect to have to hold the phone out here based on what we will hear from the progressive members. it is far from over the finish line if it doesn't go over the finish line, we will see the market reaction none want to see. >> reporter: the bill must overcome gop opposition on the rules committee before it ada adv -- before it advances to see a vote tomorrow. it remains to be seen how quickly it can move now, but of course, frank, time is of the essence. they are working to get everyone on board >> kayla, you said this is the hard part.

a lot of opposition to the agreement. you played debbie dingell who said she will not be a rubber stamp. >> reporter: it is hard to know how much of this is posturing or how many knows the details congress member dingell needs to be walked through the areas where she has trepidation or is she willing to walk through to pass it. there is a lot of outreach by officials who negotiated the deal democrats have more opposition than republicans the hard line freedom caucus had said anything less than the bill they passed in late april was not enough for them. clearly, leadership was taking that into account when they negotiated this. >> kayla tausche live from d.c

thank you. as kayla spelled out, there are hurdles for the deal to clear. let's take about the next step with steve pavlick steve, great to have you here. >> thank you, frank. >> i think we have to pick up where kayla left off the deal has to get through congress and the rules committee. that is where a lot of people are saying it could get tied up. how concerned are you about the deal making it through congress? >> i'm not that concerned. i think it will sail through the rules committee. maybe i shouldn't use the term sail nine republicans and four democrats and two conservative republicans coming out and expressing frustration i don't see all four democrats opposing it of the i don't think -- opposing it. i don't think it is in jeopardy today. it will be on the floor

tomorrow the burden is on president biden more than speaker mccarthy to deliver the democrats. i have faith he will be able to do that. speaker mccarthy will deliver the republicans. it will pass the senate. debate could drag to the weekend. we could rub up against the june 5th deadline there are questions if that may be an overly conservative estimate i work with the treasury department we did tend to provide a conservative estimate with the x date if forced, we can use prioritization to pay bond holders for a day or two to allow the mechanics to work through. i don't think we are at risk of the serious default. >> steve, i don't know if sail is an improper metaphor to use we could hit choppy waters some say they are going to push back you hit on something i want to

talk about you said this might drag on. the longer this goes, although we have breathing room with the x date june 5th, are we in danger of the credit rating downgraded with the agencies flagging they are looking at negotiations and potentially looking to downgrade the u.s. credit rating? >> i don't think we should be in that position at this point. the fact we are talking about a deal with a lot of posturing and members want to try to secure something in exchange for the vote that is not new. both sides do that i think moving forward, there should be more concern the debt limit is not going away both sides need this a political party not in control of the white house uses it as leverage republicans are using it now to get spending concessions democrats used it with trump in the white house to get spending incr increases. that is how the game is played we look at

the incentives are not there this is what they need to avoid default. as the trends continue, that is the bigger risk moving forward with the default downgrade, i don't see that in the cards. >> a lot of people like that i want to talk about the market impact how do you see the negotiations and deal impact the bond market? we see elevated yields on the short end and long end >> i think the big thing with respect to the market is remove uncertainty here talking is better than not talking. credit has to refill its coffers. it may have to offer attractive interest rates to provide a good market there for participants. if you anticipate rates decrease moving forward, there will be

enough appetite. that is good news moving forward. >> steve, we have to leave the conversation there thank you for being here coming up on "worldwide exchange," our special series putting the spotlight on stocks. looking at the lineup of movie blockbusters will provide sunny signals for the entertainment industry as we head to break, top trending stories bloomberg reporting that netflix and apple are susuitors in the d of the nba streaming rights. india's jiocinema breaks global streaming record with 32 million views with the cricket final. and queen's music catalog

could sell for over $1 the billion. cnbc says the deal is expected to close within a month. more on "worldwide exchange" when we're back in a moment.

welcome back to "worldwide

exchange." time for the morning call sheet. we check on the biggest upgrades and downgrades we start with jeffries upgrade on ford. jef jeffries said it has confidence the automaker has the right team in place to fix the deficit of excl execution. and boston beer shifting to buy with a price target of $317. roth says it benefits from the share losses and memorial day is the unofficial kickoff to summer this week, we turn focus to entertainment and leisure. we start with hollywood. "the little mermaid" makes a splash taking in $118 million in

the u.s. and canada over the weekend. the fifth highest total for memorial day weekend hollywood had a runup-up to the season with "super mario brothers" and "fast ten. let's discuss this with alicia reese from wedbush >> good morning. >> a lot of hype and controversial. the fifth best memorial day weekend ever for "the little mermaid. what does that give you with the sense of the summer movie season >> it bodes well quite a few movies so far. the performance was well for what is upcoming family movie fare has a ton of

demand "super mario" and "little mermaid" and "minions" before that the ones that are coming out are getting a lot of traction by and large. we have more coming. not just over the summer, but the coming year. another thing i would point out is people are really going to see movies initially we thought it was pent-up demand for going back to the movies this is a lasting trend. it is really increased the box office in a way that could not happen otherwise, the movie theaters don't have to raise prices p people are buying more conce concessions. all of these are boding well for theaters >> it is hard to resist the popcorn. you forget how good it is.

you talk about the industry. large format screens is there a way for investors to play the trend >> sure. all of the theaters have their proprietary large screens. imax and dolby are the largest by far they do a lot of remastering of content for the theaters they have their proprietary screens. it is a great way to play the trend and they have real the global footprint growth potential remaining. there's a lot of upside left in the stock in our view. >> interesting imax that was out of the box. what is your take on the other movie companies? >> we have an out perform rating on cinemark. they have a decent balance sheet post pandemic. they did not increase the

deposition they are focused on repaying what they did during the pandemic they are trying to get to the right size quickly we think they will return to repaying dividend quickly. we have an under perform rating on amc because of the main stock status it has a lot of debt on the balance sheet. they have to pay that back they have to issue shares to do that retail shareholder base is a bit fickle with them we have an under perform rating with them. >> alicia, thank you for your time >> likewise. coming up on "worldwide exchange," one word every investor needs to know today we have steve grasso with the latest on the debt deal and the fed all on top of investors minds. what he is watching.

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so you can rise from pain like a pro. icy hot pro. welcome back to "worldwide exchange." live shots from around the world. london, hong kong, new york and washington that debt limit deal will be discussed in depth today the nasdaq is up over 1% the dow off the highs of earlier, but opening up 90 points higher. s&p is in the green. time for withat we call the wex wrap up. china denying the meeting with the pentagon with lloyd austin that request for a meeting at the summit in singapore this weekend.

and elon musk's plane landing in beijing the first trip to the country in years. he will visit the tesla shanghai plant. the lira slumping to a low today. extending the slide after the re-election of the incumbent president. elizabeth holmes set to report to prison today she is expected to serve an 1 11-year sentence. one of desantis's hand picked members to the disney board is resigning this morning. and the summer travel season starting off strong with more than 42 million americans traveling this memorial day. that is levels not seen since before the pandemic. we are gearing up for the trading day ahead. we get the s&p home price index and macy consumer confidence

figures. we get earnings from box and hp. we have a speech from tom barkin later this afternoon we spelled out the busy trading day ahead and let's tell you what you need to watch with steve grasso ceo of grasso global steve, great to see you. >> good to see you, frank. >> we just laid it out, steve. i want to jump into this what is the wex word of the day? >> it has to be deal, frank. everyone was leaning on it it was fed or debt ceiling as of late where the market was going to be going. i would say the word of the day has to be deal i'm not sure if you want to put a question mark there because never count out congress to give you a little bit of worry in the ninth inning >> you might want to put the question mark there.

we laid out it has to get through the rules committee. let's assume the deal is done. what do you think about the next hurdle for the market? are you looking at the fed watch tool the majority of people believe we're going to see another hike. >> i think the fed is concentrating giving the market what the market will bear. i believe they should have paused already they haven't, obviously. i think they will push it. if they see the market reacting well, frank, they may actually try to maybe get a little more ammo for when the market turns down although a lot of fed governors say pause, maybe they want to push it one more time. >> so we have been looking at the markets all morning long and seeing the nasdaq on the back of the debt ceiling agreement not a deal yet

maybe a deal with a question mark a lot of people are concerned about the concentration of tech in the markets and it has been a couple of stocks moving the market higher. your research shows tech is 29% of the s&p it is historically 20% are you one of the people who is concerned tech showing that leadership >> that's a great point. there's a lot of people pushing back everyone is trying to find a reason i think and you agree with this, every time we get a rally, it seems like it is the most unloved rally on wall street the latest one and we had earnings sort of move sideways everyone thought they would fall off a cliff. that didn't happen the latest thing and everyone is worried about the concentration if large cap tech. historically, the last 40 years, we had a 20% waiting of large cap tech in the indice

you have all of the bank failures or the question mark around the banks people want to put their money into what they deem as safety stocks then look at the high rate environment. is likely or less likely you have disrupt aors in the space i don't know if you want to call it a moat, but protection around the large-cap tech stocks. large-cap tech has been the safest it has been in years. now, will it contract or become close to the 20% mark? probably you will see a bit of a risk-off trade coming out of the debt ceiling when it does get officiallily -- officially passed >> you are not worried, but it will normalize closer back to 20%. what stocks impacted

a.i. stocks may see profit or decline or do you believe a.i. is a bubble? >> i believe the first place people will look for the froth in the market and that is probably around a.i. a.i. is definitively the next leg, substantial leg, with l long longevity. look at nvidia through the roof spike higher you would not recommend buying a stock up that much the truth is, frank, they hold 90% of the market share in a.i it is their's to lose. if they continue on the path and a.i. becomes what we think it becomes and we don't have any reason to believe it is not going to become that, then they are the true benefit they were a gaming stock and data center stock and now a.i. stock. a lot of plays around that and

every company will announce an a.i. angle whether it is a car company or retail company i think this does have legs. i don't think it is a bubble >> steve grasso, thank you before we let you go, we will look at the futures nasdaq is the best performer up 1% s&p up .50%. dow off the highs, but looking like it opens at 85 points higher that does it for us on orwi ehae."wlddexcng "squawk box" is coming up next thanks for watching.

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good morning president biden and speaker mccarthy reach a debt ceiling deal over the weekend. we take you live to washington.

and reports that elon musk's private jet lands in china this morning. he is expected to meet officials and visit the tesla shanghai plant. today is the day that elizabeth holmes reports to prison for the 30-y-year s sentence it is tuesday, may 30th. "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen andrew is off today. >> it is us. we're here. >> here we are it is tuesday. >> feels like a monday >>