To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://view.response.cnbc.com/?qs=15bda693da13d1019d8f95eb23ccfbda11eca7a266c677b5435961cb346b8205384adb316349bf534373d61cd4824474ce2bc7198ce4502f1a4fee34870994a2CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=15bda693da13d1019d8f95eb23ccfbda11eca7a266c677b5435961cb346b8205384adb316349bf534373d61cd4824474ce2bc7198ce4502f1a4fee34870994a2 here. https://click.response.cnbc.com/?qs=30ca8fa348f07b5717b1537663d746176548110e16ec5d56ee44ee9ec6aad7bad1ba18d941fb7dd0 https://click.response.cnbc.com/?qs=30ca8fa348f07b570800b60f6f5115930dbe5b08f5d06de0bdc5ec8e60544c5d8ba393bdb1a69764 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=30ca8fa348f07b5709b694951d42c40fd629d6d91bb861a5deaef4e28e6a313ca9e2e4ca2c87103e were lower this morning, after optimism about Donald Trump's presidency pushed the Dow to a new high. The S&P 500 was just about 1 percent away from a record. Despite today's Veterans Day holiday, the U.S. stock market is open for normal hours. (CNBC)Ahead of Friday's session, the Dow and S&P were both https://click.response.cnbc.com/?qs=30ca8fa348f07b5748c8ce992a94cd75a045e186cffdfcf37f8435eb44ab9a5e8c1165d760041da4 riding four-day win streaks , up about 5 percent and 4 percent on the week, respectively. The Nasdaq, which closed lower during Thursday's rally as tech stocks struggled, was up 3.2 percent so far for the week. (CNBC)The dollar hovered at a https://click.response.cnbc.com/?qs=30ca8fa348f07b57091acf323425518d1ab3a196ce204f9f0e1818c21fc8bc758d534f3c68338ccd 3-and-a-half-month high versus the Japanese yen, on the thought Trump's policies could stimulate the American economy. U.S. bond trading is closed for Veterans Day today, after yields pushed to https://click.response.cnbc.com/?qs=30ca8fa348f07b57b9bf22742e83b2005bb35940c2cee41e5f50a84d339a6c6893ce00c8b1f4a405 January highs Thursday. https://click.response.cnbc.com/?qs=30ca8fa348f07b574bbc0b345272a57c939ca144091c9091459cb0092877d7a960c8818982221003 Gold and https://click.response.cnbc.com/?qs=30ca8fa348f07b5722ad2a651bbade8651429b36eacf16c497a6981e0bb128d502eae413ce6fdb11 oil were lower. (Reuters) https://click.response.cnbc.com/?qs=30ca8fa348f07b579b79b4a4a9b0d3f4779d3b16630565cc188548b5a7e6bd74b0cdcdf07542b0ff https://click.response.cnbc.com/?qs=30ca8fa348f07b57323bbedfe6763476b9d0754e25ea7af8cf6d295bb08d759b9a4908db419918e9 https://click.response.cnbc.com/?qs=30ca8fa348f07b57983f07433ba09392403e9a47aa70152b663fb2a457491f120e326e7cbac297f9 Walt Disney (DIS) https://click.response.cnbc.com/?qs=30ca8fa348f07b57f672657372e71daa2036896d22e81292d69138388fbd262f598dfe8211d39ffe missed estimates with fiscal fourth-quarter earnings and revenue, hurt by declining subscriber numbers at ESPN. Shares of the Dow component initially fell in after-hours trading, but rebounded after more optimistic comments by CEO Robert Iger. (CNBC) Iger said the entertainment giant is going through a transition period, https://click.response.cnbc.com/?qs=30ca8fa348f07b577d255c4453a57b14d45d7c357cb1be5f96d5b600399c208e2ad867534dc2692c predicting modest growth in its next fiscal year, with more robust growth ahead. The Disney chief also defended ESPN, saying the sports network faced tough comparisons. (CNBC) Iger, a Hillary Clinton supporter, said he respects the decision of voters to elect Donald Trump. The Disney CEO said he hopes Trump and the GOP House and Senate can https://click.response.cnbc.com/?qs=30ca8fa348f07b573a6f273e83a2cd53260edcd94ff3c292e3c807e56660bb91a42f176d2cfd7654 lower the corporate tax rate , a reform the media giant has been pushing. (CNBC) Grubhub CEO Matt Maloney, a Clinton supporter, said his anti-Trump email sent to employees https://click.response.cnbc.com/?qs=30ca8fa348f07b576b428f4550953434a26205337852982395df35277ec67971a0cad7934abc789c was "misconstrued" and he "did not ask anyone to resign if they voted for Trump." (USA Today) Peter Thiel, the highest-profile Silicon Valley executive to publicly promote Trump during the presidential campaign, told the Wall Street Journal he backed the Republican because he https://click.response.cnbc.com/?qs=30ca8fa348f07b57b9adb29ad294beff9e9f184917b9d3824cfa892280f756800e67a1cc2b80c646 "just got it." As anti-Donald Trump protests continued in the U.S. for a second day, police called a https://click.response.cnbc.com/?qs=30ca8fa348f07b572f32770e6a21be617f7d66d20a3b57369ee4aa932938a9d7cd688d163e83caa0 demonstration in Portland a riot , due to "extensive criminal and dangerous behavior." (NBC News) President-elect Trump https://click.response.cnbc.com/?qs=30ca8fa348f07b57c639c39b8a562d6d0e13aaecb24baa2b37bb173b8fef3be882965b4e6ca4321c broke his silence about demonstrators, calling them "professional protesters, incited by the media." This morning, Trump tweeted he loved that "small groups of protesters have passion for our great country." Bernie Sanders, who lost the Democratic primary to Hillary Clinton, https://click.response.cnbc.com/?qs=30ca8fa348f07b5748ce193fea59e5d79475f9064419f9403bdefbd53f1441104b966efaa52472ff is leaving open the possibility of another presidential bid, saying in a interview he wants to focus on helping the party rebuild its base after Trump's victory. (AP) Liberal firebrand, Sen. Elizabeth Warren, https://click.response.cnbc.com/?qs=30ca8fa348f07b57cacca766be2f2b0a52126d14c1883348bc9a6b9c367cbba5af473fc06f96a0bc threw down the gauntlet to Trump, telling labor union members there are financial and social issues where her party will fight him, and continuing to blast the Republican. (Reuters) In the biggest turnout yet during this year's sign-up period, more than 100,000 Americans https://click.response.cnbc.com/?qs=30ca8fa348f07b570ac0a811631befe4a5a9878c2cca4404f6f71cb52d88a52915670e25d2ec4d7f rushed to buy Obamacare health insurance Wednesday, the day the election. Trump has promised to repeal the law. (NY Times) BY THE NUMBERS There's just one economic report on Friday's calendar, with the University of Michigan issuing its mid-November consumer sentiment index at 10 a.m. ET. Forecasts call for a rise to 88.0 from the final reading of 87.2 for October. Fed Vice Chairman Stanley Fischer speaks at 8:30 a.m. ET. San Francisco Fed President John Williams speaks at 6:30 p.m. ET. The weekly oil rig count is out at 1 p.m. ET. The pace of corporate earnings slows down today, but investors still get another retail snapshot this morning with the release of quarterly numbers from J.C. Penney (JCP). There are no reports of note due out after today's closing bell. Nordstrom (JWN) late Thursday reported earnings and revenue that best estimates. The retailer got a boost from its Anniversary Sale, but the company did cut outlook, while projecting flat comparable store sales. Michael Kors (KORS) came in 7 cents above estimates with quarterly profit of 95 cents per share. Revenue matched. The luxury goods maker issued a weaker than expected forecast for the holiday shopping season. STOCKS TO WATCH Nvidia (NVDA) trounced estimates with earnings and revenue. The graphics chipmaker also announced a $2 billion stock buyback and a 22 percent dividend hike. The stock was surging about 13 percent in the premarket.Valeant (VRX) may change its name to repair damage to its reputation, hedge fund billionaire Bill Ackman told CNBC. Ackman is a Valeant board member and his Pershing Square is a major stakeholder.Dan Loeb's Third Point hedge fund took new stakes in Apple (AAPL), Alibaba (BABA), and Visa (V), among others, and increased its holdings in Alphabet (GOOGL) and Facebook (FB). Alibaba (BABA) said its Singles' Day sales have already surged past last year's record, but the China-based online retailer's growth rates have slowed compared to a year ago's 60 percent increase.Amazon (AMZN) was ordered by a judge to refund parents for in-app purchases made by children without permission. However, the judge also turned aside a request by the FTC for a $26.5 million lump sum payout. WATERCOOLER Mexico plays the U.S. in a crucial World Cup soccer qualifier in Columbus, Ohio tonight, https://click.response.cnbc.com/?qs=30ca8fa348f07b57fbc312a5bacc9b751e309ea423972bb46d1194cb591b996b2023d7bde16f4c08 a match attracting extra interest in the wake Trump's win and the president-elect's wall comments during the campaign. (USA Today)A Norwegian, the highest-rated player in chess history, faces Russia's top contender in today's https://click.response.cnbc.com/?qs=30ca8fa348f07b57889ef9d6dced3da8585dcefd5be6fcaaf7d72de7637e07e82177e0bd114ceafa World Chess Championship in New York City. More than $1 million will be divided 60-40 between the winner and loser. (AP) CONTRIBUTORS https://click.response.cnbc.com/?qs=30ca8fa348f07b5778c77f30a40aa1318539d10a824dfad816a4f282717cf73d364136f0203ae092 https://click.response.cnbc.com/?qs=30ca8fa348f07b5778c77f30a40aa1318539d10a824dfad816a4f282717cf73d364136f0203ae092 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=30ca8fa348f07b57e86aecab947b77868f4e0cfaa1b819a83fafadb8b3a7938647d65898f78483ae @Matt_Belvedere https://click.response.cnbc.com/?qs=30ca8fa348f07b57648ddeaee2e5ffc5af7bfec2021651959225718120ac10dadb8c6b5c7cb738d0 https://click.response.cnbc.com/?qs=30ca8fa348f07b57648ddeaee2e5ffc5af7bfec2021651959225718120ac10dadb8c6b5c7cb738d0 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=30ca8fa348f07b57656b37681891b91ec8c52a150203f3fb3d65d6f25c4ce4f48fa920bae6b1f431 @peterschack https://click.response.cnbc.com/?qs=30ca8fa348f07b57e88121e11ea1db7444d3697e1234c9a59b9bbbbf16ee1e64c871447c1ed99d34 https://click.response.cnbc.com/?qs=30ca8fa348f07b57e88121e11ea1db7444d3697e1234c9a59b9bbbbf16ee1e64c871447c1ed99d34 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=30ca8fa348f07b5786576e7c89dd8e62a6a7f63ddca523db54b6e28c441af7f2048d67c85ec04cab our simple form to let us know what you think. 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