CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=55f816e18c591e436065d8cd7959de99c6031a6188f9123fcb8de6bcb01b91ab0c281afa29f420913111d9c98420c7a9188cc7134a94fd495e1bd2cc7bf447ad55d07cbfd110aadc here. https://click.response.cnbc.com/?qs=dcf1a583232cbb40d74be38776a435a38243c10f72839c3c6f2bd775050114ec937386e0f4da509bd37a40df9fa8bf0634371b1e6e86d639 The Dow and S&P 500 do remain on track for their biggest monthly gains since January. Dow Jones Fut 25,064.36 Current:25,025.00 Change:-16.00 Impl. Open:-20.36 S&P 500 Fut 2,798.43 Current:2,793.00 Change:-3.50 Impl. Open:-7.08 NASDAQ 100 Fut 7,357.90 Current:7,312.25 Change:-12.75 Impl. Open:-60.65 Russell 2000 Mini 1,678.54 Current:1,683.30 Change:0.10 Impl. Open:2.66 Quotes as of 7/17/2018 7:36:12 AM ET BY THE NUMBERS Nasdaq futures were under pressure this morning after Netflix subscriber numbers missed forecasts and Amazon suffered through website outages during its annual Prime Day. Dow and S&P 500 futures were modestly lower. (CNBC)- Cramer flags opportunity in FANG after Netflix's 'less-than-stellar' quarter (CNBC) div > div.group > p:first-child"> Netflix (NFLX) stock was 10 percent lower premarket after its membership growth numbers came in below analyst forecasts. It did report quarterly profit of 85 cents per share, beating the consensus estimate of 79 cents, but revenue was below Street forecasts. (CNBC) Amazon.com (AMZN) suffered through website glitches Monday as its annual Prime Day got underway. Amazon said many of the glitches had been solved as the day progressed, with the promotion set to continue until 3 a.m. ET tomorrow morning. (CNBC) Fed Chairman Jerome Powell will no doubt get plenty of Wall Street attention today, as he presents his semi-annual monetary policy report to the Senate Banking Committee at 10 a.m. ET. He’ll repeat his testimony tomorrow before the House Financial Services Committee. (CNBC) Economic numbers today include June industrial production figures (9:15 a.m. ET) and the monthly sentiment survey from the National Association of Home Builders (10 a.m. ET). (CNBC) Three Dow components – Johnson & Johnson (JNJ), Goldman Sachs (GS), and UnitedHealth (UNH) report quarterly earnings this morning. After-the-bell reports this afternoon include the latest quarterly numbers from CSX (CSX) and United Continental (UAL). (CNBC)- Johnson & Johnson tops earnings, revenue estimates (CNBC) - UnitedHealth quarterly profit rises 28% (CNBC) $(document).ready(function($){ $('body.mobile-native .group p').each(function() { $(this).html($(this).html().replace(/\ - /g,"• ")); }); });  setTimeout(function(){ var aBody = document.getElementById("article_body"); var aDeck = document.getElementById("article_deck"); aBody.insertBefore(aDeck, aBody.firstChild); $('body .group-container .subtitle').css({'border-bottom':'4px solid #CCD6DB', 'padding-bottom':'10px'}); $('.embed-container').css('cssText', 'margin:0 0 0px;width:100%;'); $("body.mobile-native .group p").css("border-bottom","1px solid #CCD6DB"); $("body.mobile-native .group p:last-child").css("border-bottom","none"); $("body.mobile-native .group-container .subtitle").css("margin-bottom","0px"); $(".mobile-native article p, .mobile-native article ul, .mobile-native article ol").css("padding","30px 0px 30px 0px"); $("#article_deck").css({'border-top':'none'}); $('.story-top').css({'border-bottom':'none'}); }, 200);    IN THE NEWS TODAY President Donald Trump's defense of Russian President Vladimir Putin during a joint appearance sparked backlash from both parties. Sen. John McCain called it "one of the most disgraceful performances by an American president in memory." (CNBC)- Trump, at Putin’s side, questions US intelligence on 2016 election (NY Times) During the same joint appearance, Putin said he told Trump that Russia is prepared to extend the New START nuclear treaty that expires in 2021. The treaty calls for deployable nuclear warheads and bombs to be capped at no more than 1,550. (Reuters) The EU and Japan signed a trade deal that promises to eliminate 99 percent of tariffs that cost businesses in the EU and Japan nearly $1.17 billion annually. They see the signing of the deal as a signal against Trump's protectionist trade policies. (USA Today) Charlotte, North Carolina reluctantly said it would be willing to host the 2020 Republican National Convention. The reluctance was mostly about whether a Democratic-leaning city with a carefully cultivated reputation wanted to associate itself with Trump. (NY Times) Hawaii tour boat operators plan to continue taking visitors to see lava. However, they will follow the Coast Guard’s revised policy and stay farther away after an explosion caused molten rock to barrel through the roof of a vessel. (AP) Investment in the global energy sector totaled $1.8 trillion in 2017, marking a 2 percent drop from the previous year after adjusting for inflation. A sharp drop in spending on power plants offset a moderate increase in money flowing into the electric grid. (CNBC) General Electric (GE) is working to determine the best way to proceed with GE Capital, the lending unit that nearly sank the company in the financial crisis. The company could face more questions when the company reports earnings later this week. (WSJ) Walmart (WMT) struck a five-year agreement with Microsoft (MSFT) for expanded use of Microsoft’s cloud and artificial intelligence technology. The retailer said the goal is to make shopping faster and easier for its customers. (CNBC) STOCKS TO WATCH IBM (IBM) is accusing daily deals provider Groupon (GRPN) of using its patented technology without permission, and is asking a jury to award it $167 million. Groupon is accused of breaching e-commerce technology that IBM has licensed to companies, but the company said IBM is overestimating the reach of its patents. Plains All American (PAA) was rejected in its bid for an exclusion to the Trump administration’s tariff on imported steel. The pipeline operator’s request was denied after the Commerce Department said suitable product was available from domestic producers. KKR (KKR) is buying digital audiobook producer RBmedia for an undisclosed amount, noting that spending on audiobooks will be up about 20 percent this year to $900 million. International Game Technology’s (IGT) sports betting platform will be used by FanDuel Group, initially being rolled out at the Meadowlands Racetrack in East Rutherford, NJ. Redfin (RDFN) shares are lower after the residential real estate brokerage announced a 3.5 million secondary common stock offering, as well as a $125 million convertible note offering. WATERCOOLER Nickelodeon announced that everyone’s favorite rugrats will soon be crawling back to screens. “Rugrats,” the popular animated series about a ragtag group of babies, will be rebooted with 26 new episodes as well as a live-action film. (Daily News) CONTRIBUTORS https://click.response.cnbc.com/?qs=dcf1a583232cbb404b09e15005a9e160792228e1ec1c60473d632d146a9abd57f65133b43eebcdbca3a2e1bc2236c99b367970dcd8195044 https://click.response.cnbc.com/?qs=dcf1a583232cbb404b09e15005a9e160792228e1ec1c60473d632d146a9abd57f65133b43eebcdbca3a2e1bc2236c99b367970dcd8195044 Berkeley Lovelace Jr.News Associate https://click.response.cnbc.com/?qs=dcf1a583232cbb403cdeb2fad4cf42f7d7a1a855b6d8cfd27ddd6460ab04e6acbc39e9765440da52cf999a68ffe869515fe1df16daff49c1 @BerkeleyJr https://click.response.cnbc.com/?qs=dcf1a583232cbb403b30062e4197aa46207de7523cdd400aa045f6c459e2ea717e38b753be5a03fcc3bb2a86d5bf44a36fd710a7737b56ba https://click.response.cnbc.com/?qs=dcf1a583232cbb403b30062e4197aa46207de7523cdd400aa045f6c459e2ea717e38b753be5a03fcc3bb2a86d5bf44a36fd710a7737b56ba Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=dcf1a583232cbb40dbacced2b8af9fbc65788c7ac4c9ff2d2fc874688900fc04b7f6406ccc61a3be6c2f91e79cefa77b76d48f8de78b3b83 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=dcf1a583232cbb40813aa2b90be3e0c9460d06ea0c44487d9ec66f373c160713af4b404221e7ef3dacf4ce37b6ec91735324d86f25d019ab our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=dcf1a583232cbb40d74be38776a435a38243c10f72839c3c6f2bd775050114ec937386e0f4da509bd37a40df9fa8bf0634371b1e6e86d639 here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=55f816e18c591e436065d8cd7959de99c6031a6188f9123fc5b99f8578305875a3053ebe23a2a61a84b890e56fa1211b https://view.response.cnbc.com/ftaf.aspx?qs=55f816e18c591e436065d8cd7959de99c6031a6188f9123fc5b99f8578305875a3053ebe23a2a61a84b890e56fa1211b Send this email to a friend https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed37aa2c7e90cd6de1fbc43c67c6e8fec66e071d59d8876867ecc502f3071198923da106fb24309b0897e002b66c0d69b2 https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed9dcc3728e327cdd5998626a270ade78541f0e654a971e30db296cdb0be4e89152082331bd535accbb4dd5cd889d2dc87 https://click.response.cnbc.com/?qs=c8bfaf537b90a5edf71c4751e676d9039a60cd8227e85770e53aca1c2affddfd1c6ce8bcfe4e76a723293646d6e113ecfa2f62a84b3c6f71 https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed2089ed3e985f507aa972838b0b29457032ebab88f88baf755a686ab1dc8561545efa6bcface374d0bc79a46088253047 https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed8df96de6729ff21c83d0f74dc94ebbcaf548d0b8de8c970144e95bfd5cd0ff4f4867d65f118df72d4254342ee46b944f Unsubscribe https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed5f8b3adec4e960002c36f1416d3ee43930dc7e148e3a9856da9f935a8026a8eb4e5ef92ac4bf7f72e5746a67981c1d24 Advertise https://click.response.cnbc.com/?qs=c8bfaf537b90a5edbc2cf776289f0823634b3f3f040fa1b339f1a35fb5290daa30dc12d66613d62be35d9776cb9d2a7b27080d5492020a9d More Newsletters https://click.response.cnbc.com/?qs=c8bfaf537b90a5ed5afdffada3f4996ccd0861791f97c335bbb4f557699fa9a3f81c02d521fcbcfba2edb872b00716873fb109a82101918e Digital Products (c) CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 To ensure delivery to your inbox, please add mailto:[email protected] [email protected] to your address book.