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=2c49c1d7ec92eb07b32e3b9891c1ede52739e140aa03fe668fb308cabf8c223569899152ddf7af2bf675353cefd542281652c9a450e44a4e842ee9f9541b19b7CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=2c49c1d7ec92eb07b32e3b9891c1ede52739e140aa03fe668fb308cabf8c223569899152ddf7af2bf675353cefd542281652c9a450e44a4e842ee9f9541b19b7 here. https://click.response.cnbc.com/?qs=537bacfc0029694ebf5bd1710bd3d3bd7fdfa10b9c9ed433c999859b15fd569f3cdd4469267d9c06 https://click.response.cnbc.com/?qs=537bacfc0029694e41639a602d958fdbc3e7ceb0cec38c632431703a3e0c738f1bda67c41f735081 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=537bacfc0029694eb5e728fa022f31007f2326d7c21278e5aa40a8b3dbc896e8460d968b4140926f were lower this morning, with projected losses that could erase weekly gains by the Dow, S&P 500, and Nasdaq. Ahead of Friday trading, the three stock measures were less than 1 percent away from Monday's intraday highs. (CNBC) The normalization of monetary policy https://click.response.cnbc.com/?qs=537bacfc0029694ec9585c957ddbf98df906dd87cb597d476890005303d9623e1232e3ed72dabb4d is hampered by a low neutral rate, Dallas Fed President Robert Kaplan said late Thursday. But earlier in the day, San Francisco Fed Bank President John Williams https://click.response.cnbc.com/?qs=537bacfc0029694e802e8bd56b12ef050c583eecf726c2839f16233f223362e13747b1f839c28d4a signaled support for a rate hike. (Reuters)Nearly 500 million people are living in countries with negative interest rates, https://click.response.cnbc.com/?qs=537bacfc0029694ef39a5f8afceee4b962ea7f5e29e540d6d49592e02cb76ba2d813dac383e0b7d7 according to S&P Global — a factor that could fuel a return to a "cash-only" society, and people putting savings in personal safes rather than banks. (CNBC) https://click.response.cnbc.com/?qs=537bacfc0029694e138887a45dd6933f2feb154263430cf85aeaf90aa32783fa822d8d8396d9ed86 Oil prices were steady around $48 per barrel this morning, after U.S. crude surged 3 percent Thursday on continued hope international producers could agree on measures to support prices. WTI was up nearly 8.4 percent as of Thursday's settle. (Reuters) https://click.response.cnbc.com/?qs=537bacfc0029694e22d19f67ff8d09b2202c8972d120c7b98b44c5d08133c29e936cc2eecb119e68 https://click.response.cnbc.com/?qs=537bacfc0029694e39e6c73c7f170b4fc7464e16e9b59b2750c36a98608426c17beba6c3de8d3d05 https://click.response.cnbc.com/?qs=537bacfc0029694ef487d2c12ad61104ad65730bf84581a6e784fa8b3303ccbee0514beb560995aa One of the four U.S. Olympic swimmers caught up in Ryan Lochte's fabricated tale of robbery in Rio https://click.response.cnbc.com/?qs=537bacfc0029694e9ba8ae69d692c828de95457595d70b1899568cb8e0b8dc548ae8b8f22e5d81e5 reached a deal with authorities to donate $11,000 in order to leave Brazil. The U.S. Olympic Committee apologized to Brazil last night for the behavior of the swimmers. (NBC News) Viacom (VIA) and controlling shareholder Sumner Redstone https://click.response.cnbc.com/?qs=537bacfc0029694ec130acc053858bcd271461885c8d9335a0466551ec16164bd8d3e9cfcfefd2f7 have reached an agreement , which would result in CEO Philippe Dauman's departure. As part of the proposed settlement, Dauman would get an exit package worth about $72 million. (Reuters) Donald Trump campaigns in Michigan today, after telling a North Carolina rally https://click.response.cnbc.com/?qs=537bacfc0029694e80090d2b657b5a43757e1057060b04154b2fec51542b38da069c19071b3b7f4d he regrets comments that "may have caused personal pain." Meanwhile, the Trump campaign https://click.response.cnbc.com/?qs=537bacfc0029694e078dbe9a02fb654cd55452411d28f46425ee14114f56160c4e4e93b7b0c0d5ce is reportedly set to finally start running television ads. (Reuters & USA Today) Trump's VP running-mate Mike Pence https://click.response.cnbc.com/?qs=537bacfc0029694ebc7fa1848ce6f096f32c88557ba0c1bb6b794de23269b0e09216a5d5ada5a579 has filed a sparse financial disclosure . Pence's family's income from the beginning of 2015 through Aug. 16 was $173,000, all from his salary as governor of Indiana. (CNBC) Former President Bill Clinton and his daughter, Chelsea, https://click.response.cnbc.com/?qs=537bacfc0029694ef1d5c03ecdac22a8f2fe9731545af8f04d75827ffd094538d4a7597fa4c7ce29 plan to stop raising money for the Clinton Foundation and turn over operations to independent parties if Democrat Hillary Clinton were elected president. (WSJ-subscription) Hillary Clinton https://click.response.cnbc.com/?qs=537bacfc0029694e3a0af365fe52a30f885234d3692b1d5d59d5d317927b0fa5e89c4cfbcb319bae told the FBI that former Secretary of State Colin Powell, a Republican, had advised her to use a personal email account. The disclosure was included in the notes the FBI handed over to Congress earlier this week. (NY Times) The State Department https://click.response.cnbc.com/?qs=537bacfc0029694e21ab665ace348d87f1cb88133983e51a22eaec51b984b64d9bdee75891d31761 conceded for the first time Thursday that it delayed making a $400 million payment to Iran for several hours in January "to retain maximum leverage" and ensure three American prisoners were released the same day. (NY Times) Corrections Corporation of America (CXW) https://click.response.cnbc.com/?qs=537bacfc0029694e6471179d7ed57ff46cc04ced60721d90791b410f90e623dd66f9e33e3bba9f23 said it's "disappointed" in the DOJ's recommendation to reduce reliance on privately operated prisons. The stock, which tumbled nearly 35 percent Thursday, was up more than 10 percent in the premarket. (CNBC)A federal judge https://click.response.cnbc.com/?qs=537bacfc0029694e4f7edcbe310ffeaf41f92fcfc56d27d53b10e1aba3b2f5fc8dd3779c24f87d07 has denied a motion for preliminary approval of Uber's $100 million settlement with its drivers on grounds the deal was not sufficient. The case stems from the ride-hailing firm classifying drivers as independent contractors. (CNBC) A cluster of Zika cases, most likely transmitted by local mosquitoes, has been identified in Miami Beach, and federal and state officials are considering whether to advise pregnant women to avoid traveling to the area. (NY Times) https://click.response.cnbc.com/?qs=537bacfc0029694eea0046a925dcddc0086d34c032c4d057235b9d0617792f78c995c6b928cc212a Gawker.com will shut down next week after nearly 14 years of operation. The decision comes just days after Univision successfully bid $135 million for the properties of Gawker Media, which was in bankruptcy after a $140 million award in the Hulk Hogan privacy case. (CNBC) Amber Heard https://click.response.cnbc.com/?qs=537bacfc0029694e66c3e37389fdfa4715ddfe680ff946eaab634ff3804937a2569f537ae9f1b008 is donating her $7 million divorce settlement from actor Johnny Depp to charity. The 30-year-old actress said she's dividing the money equally between the American Civil Liberties Union and the Children's Hospital of Los Angeles. (Reuters) BY THE NUMBERS There are no economic reports today, although there's one Fed-related speech on the calendar with St. Louis Fed President James Bullard scheduled to speak at a conference at 1 p.m. ET. Meanwhile, Baker Hughes releases its weekly oil rig count, also at 1 p.m. ET.Earning reports this morning include quarterly numbers from Deere & Co. (DE), Estee Lauder (EL), Foot Locker (FL), Hibbett Sports (HIBB), Madison Square Garden (MSG), and The Buckle (BKE). There are no major earnings out after this afternoon's closing bell.Barack Obama's presidency has been the https://click.response.cnbc.com/?qs=537bacfc0029694ebcf01d22deea825ec0a53f38c217d754304d43583602d4c2253f3fd940f4fcb0 second-most bullish for stocks since 1929 , according to Bespoke Investment Group analysis. Coming into office after the 2008 financial crisis, the market has been in a bull market during 98.3 perecent of his time in the White House.STOCKS TO WATCH Gap (GPS) reported adjusted quarterly profit of 60 cents, a penny above estimates.However, the parent of Gap, Banana Republic and Old Navy gave lower than expected full-year guidance, saying it's still unsatisfied with the pace of improvement.Ross Stores (ROST) earned 71 cents per share, 4 cents better than estimates. Revenue was slightly above. The discount retailer saw same-store sales increase of 4 percent come in higher than forecasts. Ross also raised its annual earnings guidance.Applied Materials (AMAT) came in 2 cents above estimates with adjusted quarterly profit of 50 cents per share. Revenue was essentially in line. The semiconductor manufacturing equipment maker issued better than expected current quarter guidance.Nike (NKE) formed a supply chain partnership with private equity firm Apollo Global Management (APO), creating a new business designed to more efficiently move Nike products to market.Cintas (CTAS) was tanking in premarket trading, following disclosure that a Louisiana law firm is conducting an investigation into the uniform maker's proposed acquisition of G&K Services (GK) for $97.50 per share.The firm is investigating whether the deal undervalues G&K.Emerson Electric (EMR) bought the valves and controls unit of Pentair (PNR) for $3.15 billion in a move to expand its portfolio of automation products. Emerson, which has been shedding non-core businesses, is focusing on growing its industrial automation endeavors. Square (SQ) now has Steven Cohen's Point72 Asset Management as one of its largest shareholders, after an SEC filing showed the investment firm holds a 5.4 percent stake in the payment processing company. WATERCOOLER Jamaica's Usain Bolt https://click.response.cnbc.com/?qs=537bacfc0029694e3f503be1c7847ba543830d4fefa7f3f898b6ef7fafef41e3755265e13af5de46 dominated the 200m , finishing in 19.79 seconds for his third straight gold in the event. Bolt was six-for-six in individual Olympic sprint finals, and can get a record tying ninth track gold in Friday's 4x100m relay. (NBC News)U.S. decathlete Aston Eaton literally ran away with the title of World's Greatest Athlete, sprinting past France's Kevin Mayer in the 1500m to secure his https://click.response.cnbc.com/?qs=537bacfc0029694e003f9eb93158322bc47b3226e8637a56ba453fc2e458918f594139b5a6d6aa06 second straight gold . Eaton's 8893 points sets a new Olympic record. (NBC News) https://click.response.cnbc.com/?qs=537bacfc0029694e3d14a5b9d6758428a20e8cca4db0d44f6b881c5ff6e8960a11f998018208d482 In the medals race , the U.S. remained in the lead with 100 overall — 35 gold, 33, silver, and 32 bronze. China had two more medals than Great Britain overall, 58 to 56 — but Britain had two more golds. The closing ceremony in Rio is on Sunday. (NBC News) CONTRIBUTORS https://click.response.cnbc.com/?qs=537bacfc0029694ec19062ef4c5638a56923a84cff1e3a630bd6f4a979385d7ec412bc4510296fb6 https://click.response.cnbc.com/?qs=537bacfc0029694ec19062ef4c5638a56923a84cff1e3a630bd6f4a979385d7ec412bc4510296fb6 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=537bacfc0029694e77c9868d67233b471788843bda6739277a3731801d026668797b3bdbfe8ab0cf @Matt_Belvedere https://click.response.cnbc.com/?qs=537bacfc0029694e82db5e7774413983ee64a7c3aefa48aa01f5afba470b2ea6ae2830b116fd4264 https://click.response.cnbc.com/?qs=537bacfc0029694e82db5e7774413983ee64a7c3aefa48aa01f5afba470b2ea6ae2830b116fd4264 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=537bacfc0029694e08b79fd757f5687834dd2d250575fffd3b9aa49809006712aa775579399bfe53 @peterschack https://click.response.cnbc.com/?qs=537bacfc0029694e867fb7f9fcba00e25e097dfd15141d03f31547b56e17eeda2bab113d42a14c00 https://click.response.cnbc.com/?qs=537bacfc0029694e867fb7f9fcba00e25e097dfd15141d03f31547b56e17eeda2bab113d42a14c00 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=537bacfc0029694ee80575c068f20ab72c9f6d9c6a76c853073886ef0d7236c03ee84281f77db797 our simple form to let us know what you think. 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