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=56e86f4e597c78081152f25d27dfaa9d4d34dceefee0fd2d7ddb0fcc8c1eecfa2cb305fd8f039b2b41c37166e265ba99fb9e994ae13f70e7670b036b13a688cdCNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=56e86f4e597c78081152f25d27dfaa9d4d34dceefee0fd2d7ddb0fcc8c1eecfa2cb305fd8f039b2b41c37166e265ba99fb9e994ae13f70e7670b036b13a688cd here. https://click.response.cnbc.com/?qs=f10dc13bf95ceb9abe8abb89390e26d8417f9a1d1ede608c8923c88786c546d681b9e9f02d5c8a3595a53a03eb16be7c49faf08f8aacbd2e https://click.response.cnbc.com/?qs=f10dc13bf95ceb9ac8eb79bc7534f326333d85a315c001f04145507cdd83e161c288f656c6bf730bfb22bddf062ca755976f894f07dc1f5e BY THE NUMBERS The S&P 500 could be back to an all-time high soon, https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a5e5bb3492b5c57e4d5dbfd6781eec972162e9d088ba715485494ae973847be43b8e56c217909899e6c9e52ddd33d92cf possibly today. Ahead of the final trading day of April, the S&P and the Dow were less than 1 percent from records, as Dow stocks Exxon Mobil (XOM) and Chevron (CVX) report earnings this morning. General Motors (GM) reported https://click.response.cnbc.com/?qs=f10dc13bf95ceb9ac3968d799937efbb337fa151ba71e055db4e42491bc2881a10c6c8ada5dd7fbece48fb6bb1a554a0c86a8bcdbe1074a7 better-than-expected quarterly profit and revenue. (CNBC)Investors get the first reading of https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a814cce999783b1138d3faf01077ee84c0082fc6fe7c825c2446d29b68b3cf1265d1ff6feea5a73ec69d454957153ef8d first quarter GDP at 8:30 a.m. ET. Growth is expected to be below 1 percent. The employment cost index is also out at 8:30 a.m. ET, with Chicago PMI for April at 9:45 a.m. ET and final April consumer sentiment at 10 a.m. ET. (CNBC)U.S. stock futures https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a0f1a048e0fca2a26d6de140b1e8c6097e0e04dfc2cff9e58204ce1a509da626620691ee41605bd03d82df3d52b390050 were mixed this morning, even as after-the-bell earnings from Alphabet (GOOGL) and Amazon (AMZN) sent those stocks surging in the premarket. The Nasdaq closed at another new high on Thursday. (CNBC)Amazon reported first-quarter sales and earnings that https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a211179d22b89b7b3fd23204bb9a5740d91a50c53a5c06b22ee50026442512d6a7a75e08224f818ec81d36788e5ba1566 topped estimates , as the company's e-commerce and cloud-computing businesses continued to take share from rivals. (CNBC)Google-parent Alphabet https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a23b842c8f0124c3e4b261fa3c2bb41460cb1ed3544402ac8c685f4de2193060f8a7c9177ea749c8e464cfc7c5db9c6aa managed to buck backlash over its ad platform in the first quarter, reporting better-than-expected quarterly earnings and revenue. Hardware and cloud also grew substantially. (CNBC)Microsoft's cloud business https://click.response.cnbc.com/?qs=f10dc13bf95ceb9abb14b4ff96447c8a3a548453e9721be34f60a987909fe19d6e11cdbabdf514c5fa04eae11171e9ea1e6f99133a260664 is growing almost twice as fast as Amazon's, with Google far behind. However, https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a035104e5da84943c66a2baaec513ecc742d60639e09721deff2e1aa8c4b056cedc326a217b3dcb59184ff2cfa1f8fef5 Microsoft blamed Surface sales for its revenue miss. Earnings beat expectations. (CNBC)Intel (INTC) reported https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a2b71aac70f9925abc335e3d55509ef2e8ad2a9114cb48c2bb1d10162eb28811bc9ad8d301d9675e26a4acbda92079128 lower-than-expected quarterly revenue due to an unexpected slowdown in growth in its data center business. The chipmaker, however, did beat estimates on earnings. (CNBC)Qualcomm https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a71025ace10ec53ad25a66810577ff4044909f3b02fbfc6f405a9e0ecd779a009f95e5ed33f821dbf265bfb2e914c9179 cut its Q3 fiscal guidance today, noting that Apple has informed the company that it will withhold future royalty payments "until its dispute with Qualcomm is resolved." (CNBC)Starbucks (SBUX) reported earnings that matched expectations but revenue and same-store sales that https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a32349b2a02adbdb928154884998834c6acf17f9f53a320cd71100e5e465cc13a9c1a695cd13b1829fa67516a2ab8d010 missed forecasts. Kevin Johnson became CEO earlier this month, taking over from longtime chief executive Howard Schultz. (CNBC)Oil prices were higher this morning after falling as much as 2 percent on Thursday. according to one trader who closely follows the charts, there could be even https://click.response.cnbc.com/?qs=f10dc13bf95ceb9a739498dd432f6cbf32c9ccd793e6c1e1f15e9c31bb368341e958c29fd67dd13e4c9fa235fc4199b7a7c6f2f960d1f4f8 more pain to come. (CNBC Trading Nation) https://click.response.cnbc.com/?qs=e3e74b71b3846540b38114777b5821df9db4e58e099763eb5f3c47b95900a4aeeb5706b0e489838735afff5ec7636126bb2cc22f9f470f1d https://click.response.cnbc.com/?qs=e3e74b71b3846540adb9d283879764f1a66501f8dbc7f42daceda31f7f7194534f67f8d919ea3b4efcfab3177c8eb886fab34348d4136aaf https://click.response.cnbc.com/?qs=e3e74b71b38465403a35ea12d159f7fed76c38ca8bbb54e336a428042ee7be691a0f1c1ad44b1fd7ef0a0b655a8bac4f7b228e2faf7c9380 IN THE NEWS TODAY The growing threat of nuclear North Korea will be the focus today as Secretary of State Rex Tillerson https://click.response.cnbc.com/?qs=e3e74b71b3846540b520d8687737bd756b2c9736c8dd4bb577b830dbba4ac10a22d494f7789efdc85ba25cd453360ffb37ae76ecc9b4f313 chairs a special meeting of the United Nations Security Council. (NBC News) https://click.response.cnbc.com/?qs=e3e74b71b3846540fc280bda2448c0900cefe562d22214ffabebb7fc09405e097f702828db07487e53d42e5a3485eafde4d1dd5797dd7a23 There is a danger the situation on the Korean peninsula could escalate or slip out of control, Chinese Foreign Minister Wang Yi told a senior Russian diplomat on the sidelines of a meeting at the United Nations. (Reuters) https://click.response.cnbc.com/?qs=e3e74b71b3846540130d5eae7bf2b49ebc0df000fbcfb560fd105d6039550ec8402c6664f939e4905a7d11d68f78d1481ec5031c1ce42a6d President Donald Trump said a "major, major" conflict with North Korea is possible in the standoff over its nuclear and missile programs, but he would prefer a diplomatic outcome to the dispute. (Reuters)Meanwhile, Trump also said he'll https://click.response.cnbc.com/?qs=e3e74b71b3846540fbb99aaebe714b979dee5dba49debcc93ff1b316dae44fbc72733726387fd94fcca70eb99b9f0ff6c45a9a854113902d either renegotiate or terminate a "horrible" trade deal with South Korea. Trump also said he wants South Korea to pay for the $1 billion THAAD missile defense system. (Reuters)President Trump today https://click.response.cnbc.com/?qs=e3e74b71b38465406c06bd956efa12e42d9810767c4d1d9ca3a6af59fdc9c68a5f8f71dd2c0bd48eec682ef8f727c0e8c18e868a9f0358c2 will instruct his cabinet officials to take actions that will potentially open new areas of federally administered waters to energy development. (CNBC)Trump https://click.response.cnbc.com/?qs=e3e74b71b3846540813f319457cd27ff47b7a5f3da13d770621e4fec856ffc5a1990b6992f619228f76c47acb94ecd3d6fca3c2e5ccdf50f will say thank you to the National Rifle Association today, becoming the first sitting president since Ronald Reagan to address the group's annual convention in Atlanta. (NY Times)With the government's funding set to expire early tomorrow, GOP leaders https://click.response.cnbc.com/?qs=e3e74b71b384654069eda8499b30d803830611909436d504f7ce9dc2d08457512f2e7664057a0c46a423720b2c1c7453d19584869c37d316 prepared a weeklong stopgap measure to give lawmakers more time to settle on a bill to fund the government through the end of the fiscal year. (WSJ)An 11th-hour White House push to give Trump a major legislative victory in his first 100 days in office https://click.response.cnbc.com/?qs=e3e74b71b384654045b86d218008c767ebda0f89b2f0bfc48aa25eddbe87c46db79bd8efc53d1c72d0fb3b2f3185407a1f43c140f0aa2eef broke down as House Republican leaders failed to round up enough votes for their bill to repeal Obamacare. (NY Times)Ahead of his 100th day in office tomorrow, Trump's Cabinet https://click.response.cnbc.com/?qs=e3e74b71b3846540078c083b24b492b49a7448042b4b33b526317a76226d4f246f2ca8aa2f0d44ac028d907891fcb86e63b2694c090ea23c is finally complete , with the confirmation of Alex Acosta as Labor secretary. There remains one Cabinet-level nominee to confirm, Robert Lighthizer for U.S. Trade Representative. (Politico) https://click.response.cnbc.com/?qs=e3e74b71b3846540e940a32485ea29c3ec07dee8feed0a88da5190b3d02672b76ce72782f23026fb9dc864707fb725637848295b90d2db8a As he reflected on his first 100 days, Trump said he thought being president would be easier than his old life as a real estate businessman. "This is more work than in my previous life," he said in an interview. (Reuters)Activist hedge fund manager Dan Loeb told investors he https://click.response.cnbc.com/?qs=e3e74b71b3846540ffa9959ea5dd4de9d704c254ebabbaaf11962138942c358c9e91f3df9b8d59af19c4235937e5218c080639296e8e9cb9 doesn't plan on missing out on the final portion of the eight-year bull market and economic expansion, which has been given new life by the euphoria surrounding Trump's election. (CNBC)Loeb's Third Point, disclosing a 1.4 million share stake in Honeywell (HON), https://click.response.cnbc.com/?qs=e3e74b71b384654064c4ce135db547fd1e39d6fa406c36ea17deadd99bbca980c24155fc6ffd33963a9e369c0771ad8bde29588ca1db4b69 wants the company to spin off its aerospace division, saying the move would create more than $20 billion in shareholder value. (WSJ)Chinese ride-hailing giant Didi Chuxing, which bought Uber's China business last year and is backed by Apple (AAPL), https://click.response.cnbc.com/?qs=e3e74b71b3846540f8d6ffa9a8868702debd96f29cc6648f804486cbd1d7e8ce3863cf1ffa66dec694ac84e155eaeeaf3a0bed5b985c9ad3 has closed a $5.5 billion funding round, valuing the private company at over $50 billion. (CNBC)Uber has approached current or former officials from companies including Disney, Wal-Mart and CVS in a bid to revamp operations and bring discipline to its culture and CEO Travis Kalanick. (WSJ)United Airlines (UAL) https://click.response.cnbc.com/?qs=e3e74b71b384654066fdfb23ed01a7b6b2f7b5660de3e540c643fe4a814c3eb40000255245c039492d79c4e82f768efee1cebec1812796cd has settled with Dr. David Dao after he was dragged off a flight earlier this month. As part of the deal, the settlement amount remains confidential. Earlier Thursday, United unveiled a slew of policy changes. (CNBC)Wells Fargo's (WFC) fake account scam targeted undocumented immigrants, https://click.response.cnbc.com/?qs=e3e74b71b3846540995b0ce910e76b33c0025fa2374aec2356636094d24a0aee71c7cd1ee4c0ce167fa56721ccd90b00b07e6a4b7abacb2f new court filing allege. Upper management ordered Latino employees to patrol streets, an ex-branch manager claims. (NBC News)WATERCOOLER Robots https://click.response.cnbc.com/?qs=e3e74b71b384654041c98d3ce3039c708ad89ef4d322db8cab84339e6a891d7a94b8507ddf05896d62861853ea358e53c0fa02621f526673 are likely to replace 50 percent of all jobs in the next decade, according to Kai-Fu Lee, founder of venture capital firm Sinovation Ventures and a leading voice on tech in China. (CNBC) CONTRIBUTORS https://click.response.cnbc.com/?qs=e3e74b71b38465400f305f5d63542c0765a51ff4c367264a7c1e12f1ffcd0adb1e254eaf0906b14a0ee83a3f4cac0aeced9f9d7e0caf710e https://click.response.cnbc.com/?qs=e3e74b71b38465400f305f5d63542c0765a51ff4c367264a7c1e12f1ffcd0adb1e254eaf0906b14a0ee83a3f4cac0aeced9f9d7e0caf710e Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=e3e74b71b3846540cf0284fd09ed447be424c116ed3eb0c23bf11297db1d012fbce0bd95f4bbdcf62c9153df0a11d6a98732f041e5d7bdd6 @Matt_Belvedere https://click.response.cnbc.com/?qs=e3e74b71b38465405ebedbea8b38171444f6d35e2617501c8d7179438a343486992fa99cab357844aba021b29ecabc8fa5521b0f8e721f3a https://click.response.cnbc.com/?qs=e3e74b71b38465405ebedbea8b38171444f6d35e2617501c8d7179438a343486992fa99cab357844aba021b29ecabc8fa5521b0f8e721f3a Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=e3e74b71b384654036a0dee3b982b69dfe6729448b2067043bfa07db88acd8ce67f49f26e9f78b4d65bcbbc58f8f705b9bc77a3e934bafc7 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=e3e74b71b3846540c51d4a5ea51b278f6e2a422c43b3063806847ed0bccd402ad8313efcda02c84a0025a36bcd7ac67172af45c4dd4ed408 our simple form to let us know what you think. 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