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=00093f142b4b258e9c41d6dab1ea210e04d01b0097d04cb1768c98ac4aec708eb83d57d336d91cb6719ac95ba7a1928b37e7ccc3f58c3bd4636fef14d06eba70CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=00093f142b4b258e9c41d6dab1ea210e04d01b0097d04cb1768c98ac4aec708eb83d57d336d91cb6719ac95ba7a1928b37e7ccc3f58c3bd4636fef14d06eba70 here. https://click.response.cnbc.com/?qs=0f27c728e810a48111a00508285a89685eb34f2c66c62b5a8e6a8e5da1a0589600d8db7e4e2f29c71e4efec5133674709cae1b8c7cb2604d https://click.response.cnbc.com/?qs=0f27c728e810a48192ed5c521a228797f0ea470c99cb3c001fbef85e7665aae09dfe9ccd966bb58b56314213b05b1f96263a477385be8130 BY THE NUMBERS Global markets and U.S. stock futures https://click.response.cnbc.com/?qs=0f27c728e810a4819b16785b5f6de61be6ab286fc5cd1b41ef693e74591858b1ef9494d1f0eb34b70a84c4dcdb61d4a1878cee121a9c9f6d were under pressure this morning as U.S.-North Korea tensions escalated with threats exchanged by President Donald Trump and Kim Jong-Un's regime. Bond prices, gold, and the Japanese yen, viewed as safe haven investments, were all higher. (CNBC)The Dow, which hit an intraday record Tuesday, finished lower, https://click.response.cnbc.com/?qs=0f27c728e810a48165b6a0a4f145029cf132add48549209b857fab73bead7aca378a54d4dcddbebfed6d43f5f05635be7c018b80c115ebcb ending a 10-session winning streak and run of nine consecutive all-time high closes. After logging an intraday record, the S&P 500 also fell modestly, ending a two-session win streak. (CNBC) * https://click.response.cnbc.com/?qs=0f27c728e810a481144635b4e11c7f6d08924668454026e2ac93d04f03af32779f2f795b0c1b1dc2096c755dda27df034607486d1831bd77 Second quarter labor productivity and costs at 8:30 a.m. ET (Labor) * https://click.response.cnbc.com/?qs=0f27c728e810a481adef9690e28a10dd38901ff5d4aa59f164cbab32277773d77857b1ce88086bec15c9346d3d3dc3f474bb90bbf7a127af Wholesale inventories for June at 10 a.m. ET (Commerce) * https://click.response.cnbc.com/?qs=0f27c728e810a481a7204a90a406c0f7a5f99ef7d415a4bc3f797b0a93067529893cc97d609bdf7e1467c3739ca84a323ce70fae65261af1 Weekly oil and gasoline inventories at 10:30 a.m. ET (EIA) * https://click.response.cnbc.com/?qs=0f27c728e810a481ee988c2cd2d86794000b9cf74a50174aebdbd7662b479f0699872bb1cf0d692d0b17d2fe406b12bab3e0a00a3b161294 Drop in rates boosts mortgage applications 3 percent (CNBC) * https://click.response.cnbc.com/?qs=0f27c728e810a481911bac12d2aa4b7ee518f4135e8d9a2f25974ecf35f5f94e634fbebee3b11690e6bd94fd88cd1b18bd79265ae5161d60 21st Century Fox leads after the bell earnings list (CNBC)Dow component Disney was sharply lower in the premarket. While beating estimates on quarterly earnings, the media giant https://click.response.cnbc.com/?qs=0f27c728e810a4818f38fc49889b40c3500efcdd50cb3b386aec40014838381509d3b7a5e3f86f5fdab61fda662718e352691cbd31c15455 fell short on revenue . Troubles at ESPN contributed to a decline in operating income from Disney's cable business. (CNBC)Disney also announced, late Tuesday along with earnings, that https://click.response.cnbc.com/?qs=0f27c728e810a481423c70b9e604b85fed5be547be83a8dcd5d950a5e17e48e0536760e3cd664f684a20e1346af694868aab084072c35315 starting in 2019 it won't stream new movies on Netflix (NFLX). Instead, the media giant plans to start its own streaming video service. Netflix shares were sliding in premarket trading. (CNBC) https://click.response.cnbc.com/?qs=0f27c728e810a4818e9bbb979e65efeb82f49366098a499e25b7b4a69e2a5ba69bdca61f86caafa16eb32183f79d280567e14d1366b82abf Ten years ago today marked the beginning of the most far-reaching economic disruption since World War II. Few people appreciated the scope of the financial crisis that would unfold over the next 18 months. (WSJ) * https://click.response.cnbc.com/?qs=0f27c728e810a48186e310038bd9fe3fe790a76cbe6279b2ba8c2f27366302b030075d91690935105689dd0a9294c3d4408626eeb48a39a4 Jamie Dimon: Our country's taxes, infrastructure failures are 'embarrassing' (CNBC) https://click.response.cnbc.com/?qs=0f27c728e810a481cc4e7556030f8d2ea8da21e86341ff3dc97af4b2a2baa79b3026cf16329902b7e5e865a6a13e6379648a9ce116e49245 https://click.response.cnbc.com/?qs=0f27c728e810a481a5d2fa89c9fadaeec975058dc287e33459323794d86341b913571e996abb71671c799b87f69e153797c5e824a651d47c https://click.response.cnbc.com/?qs=0f27c728e810a481c476c51f8b9e6474543c920f58400f16eb853e703c1d353d811eb709d9a267193e7cfb37a8422c4641663cea0936576d IN THE NEWS TODAY President Trump https://click.response.cnbc.com/?qs=0f27c728e810a481f1e80918ba217ff03e8edec6ec98a2b6bf090e543886bb88a8f279076874027e2f7e43f430afd79da1cc1d4d152fe10f is warning North Korea about facing "fire and fury" if the isolated nation makes more threats against the United States. Last night, North Korea's state media said the country https://click.response.cnbc.com/?qs=0f27c728e810a481f35196e023eec6876a96a3968601e8b686e1c630aa7a9bf66e54631f966ae2e66d63a01278f8443e2c27fd2b3cc23a4d was considering a strategy to strike the U.S. Pacific territory of Guam. (CNBC & Reuters) * https://click.response.cnbc.com/?qs=0f27c728e810a4813e9765fc773e98334d12b4f50edf44a3766dcb6a6e41d5dbe27221b9d536efd40ede6d4bddb4e49e58c5e54ba55803f5 North Korean nuclear weapons now they fit inside missiles (CNBC) * https://click.response.cnbc.com/?qs=0f27c728e810a4816cebe25f82c6d5a425f39d0e7b6a3d21e64141c764a2d27c3b4aea5af72bb5acdc8fe502914685e527d9d964f1d83e0d Trump sets his own 'red line' and North Korea crossed it (CNBC) * https://click.response.cnbc.com/?qs=0f27c728e810a48122adaa32f497b9e356a5231ab4b2173b0c56ca39ad0d5bbcc854fd89f6aea23cbc917fac946cf71249450f3e37f7d7ed There are still 'no good options' for U.S. against North Korea (CNBC)Secretary of State Rex Tillerson said https://click.response.cnbc.com/?qs=0f27c728e810a48135ee9248e149b576802bddb0f0a37053e0f446a6ae005c5eb5658c982342fe7938cf74632e6a4d3a43e99ae98f202032 he doesn't believe there is "any imminent threat" from North Korea, including to the U.S. territory of Guam. Americans should "have no concerns about this particular rhetoric of the last few days," he said. (AP)The Trump administration https://click.response.cnbc.com/?qs=0f27c728e810a4817f19912824e2e1b17ad23f9e350597766e40d2e0cb35e39d280cdaca09a17d81224253f6fa4fa99c7341d5081338f437 appears to be granting Chinese banks dealing with North Korea a temporary reprieve from threatened U.S. sanctions to give Beijing time to show it is serious about enforcing new U.N. steps against Pyongyang. (Reuters)With North Korea tensions mounting, Lockheed Martin (LMT), the Pentagon's No. 1 weapons supplier, said its https://click.response.cnbc.com/?qs=0f27c728e810a4811b1ddc55434ba1928891f8f85b2616c6d29f1c7e802e30e8060639ecdc11dcdb511689cd05e10da1f99633f8f872a6ea customers want to defend themselves against possible incoming missile attacks and are increasingly asking about missile defense systems. (Reuters) https://click.response.cnbc.com/?qs=0f27c728e810a48182a8d7acc7da8f4cf3e69845827b5d781dbfb90714248dab9f15890a85ffc0d7739bd7341381dfb65e67c32b5c69b8f4 A car rammed into a group of soldiers in a Paris suburb today, injuring six before speeding off in what officials are investigating as a suspected terrorist attack. Two of the six soldiers hit were seriously wounded. (Reuters)Netflix CEO Reed Hastings, who sits on Facebook's (FB) board of directors, wrote an email to fellow board member Peter Thiel, https://click.response.cnbc.com/?qs=0f27c728e810a481d38f975955dc72773055d73068dbc8da8ad823a673a173436fd13d3f1afa97fbb1eb66a1fb73633a672e6b4833e17624 reportedly castigating him for his "catastrophically bad" judgment in supporting Donald Trump for president. (NY Times) * https://click.response.cnbc.com/?qs=0f27c728e810a48141cc89941cdef58f924a1392797df0faf793f31ab7be1d966c445ed824c0d398cc523650f38433a6b0eb786428f07f98 Former 'Late Show' host David Letterman signs with Netflix (WSJ)Fired Google engineer James Damore https://click.response.cnbc.com/?qs=0f27c728e810a481222a0d914b4c7d342760a1aa639b34a8e40f7c60099863cb3481b9ed66c24e76c30599b5b8b06b2c3d2579e253467f19 stands his ground on his explosive memo, which questioned the role of women in the tech industry. Damore said, "I have a legal right to express my concerns about the terms and conditions of my working environment." (NY Times)Golfer Tiger Woods, arrested in May on a charge of driving under the influence after police found him asleep at the wheel of his Mercedes-Benz stopped on a Florida road, https://click.response.cnbc.com/?qs=0f27c728e810a4811a24815f5a0debe0cfd4468618c91cf278e57215ab9adfc222dcb9856856f4bb2e9f3db7ceef35809d27d23ddaa6facd is due to be arraigned today . (Reuters)Oprah Winfrey, whose endorsement and investment has breathed new life into Weight Watchers (WTW), https://click.response.cnbc.com/?qs=6797320f0a81691dd58a7a212781cdb0696ba62f2f1e7fd7dfa4d7de96745167dc943b393ac4d4bf3151d74bd2de74b9baefdf653b315a68 is branching out into food branded under her own name in conjunction with Kraft Heinz (KHC). (USA Today)Activist investor Morfit Mason and ValueAct sold about 7 million shares of Microsoft's (MSFT) stock over the past week, according to regulatory filings. The shares were sold at prices ranging from $72.50 to $72.61 each, valuing the stake at over $500 million. (CNBC)Vantiv (VNTV) https://click.response.cnbc.com/?qs=6797320f0a81691d24260109a15d16a19268e646f12416b0a7befe9c9e19b2e881d1c0c18823f9b7f6ebf17b68d9a04db33656dbd36b80b8 clinched its deal to buy Britain's Worldpay for $10 billion after a preliminary announcement last month and weeks of talks. The combined payment processing firm will take the Worldpay name. It'll be headquartered in Cincinnati. (CNBC) https://click.response.cnbc.com/?qs=6797320f0a81691d15c26974177e0a40e0942e276ea3e02b3c6454f926df9e5fa1196ed75ca7a441406a04d29081d26d89d36566688c4c1d There was no big winner in last night's $346 million Mega Millions drawing. The next Mega drawing is Friday. But tonight, https://click.response.cnbc.com/?qs=6797320f0a81691dc36029a70be191fd49aec6013804e633f784538840624eb1fb634e163b05bd50d7f27a0b6f1bbe3461c671a0fbd4e0a4 $307 million is up for grabs for Powerball players. This is the first time ever the two jackpots topped $300 million at the same time.STOCKS TO WATCH Priceline Group (PCLN) earned an adjusted $15.14 per share for its latest quarter, beating estimates. Revenue also exceeded forecasts. However, bookings were slightly short of forecasts as were the travel website operator's current quarter earnings guidance.TripAdvisor (TRIP) beat estimates by 8 cents with adjusted quarterly profit of 38 cents per share. Revenue also beat forecasts. However, the travel website operator cut its full-year 2017 guidance due in part to a shift to less profitable mobile device booking.Hertz Global (HTZ) posted an adjusted quarterly loss of 63 cents per share, more than triple the estimate of a 20 cents per share loss. Revenue matched. Hertz said it's made significant progress in its turnaround plan, but cited challenging business environment.TrueCar (TRUE) earned an adjusted 1 cent per share for its latest quarter, compared to forecasts of a breakeven quarter. The car-buying service's revenue beat forecasts as well. However, TrueCar issued weaker than expected full-year guidance.Zillow (Z) earned an adjusted 4 cents per share for the second quarter, surprising analysts who had expected a 1 cent per share loss. The real estate website operator's revenue also beat forecasts, but shares were under heavy pressure.Office Depot (ODP) missed estimates by 2 cents a share, with adjusted quarterly profit of 6cents per share. Revenue also missed forecasts. Office Depot also said it expects 2017 sales to be lower than they were a year ago, due to store closures and challenging market conditions.Wendy's (WEN) beat estimates by 2 cents a share, with adjusted quarterly profit of 15 cents per share. Revenue also topped forecasts. Wendy's said about one-third of its global restaurants have been "re-imaged" as it continues a planned revamping.WATERCOOLER After reliving Groundhog Day hundreds of times in the 1993 film, Bill Murray took in the Broadway musical version https://click.response.cnbc.com/?qs=6797320f0a81691d3e14c6f92e8d2dd5cc923ac3fc9de482cffe5b8dace0ce2f2deccf66d6ccd5a7d740698271ec082a3249e93fc152beab for the first time . He received an ovation from the crowd and posed for selfies. (NY Times)Glen Campbell, the "Rhinestone Cowboy" singer whose sentimental ballads and catchy pop hits soothed America during the tumult of the 1960s and 1970s, https://click.response.cnbc.com/?qs=6797320f0a81691ddf19d0f78e063d6a5d47957aa0e23190dabef152aba96eac4d7b9a1171b05fa3b6eb03bf4959818d956ac8d77360c8bc has died after suffering with Alzheimer's. He was 81. (NBC News) CONTRIBUTORS https://click.response.cnbc.com/?qs=6797320f0a81691d028f07c43583637392a4359df6ca0e6544d3d2aeab27eb6fbc4e69533bb18b06bafc2bd1326acbf4e961b99218205929 https://click.response.cnbc.com/?qs=6797320f0a81691d028f07c43583637392a4359df6ca0e6544d3d2aeab27eb6fbc4e69533bb18b06bafc2bd1326acbf4e961b99218205929 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=6797320f0a81691d67e710611dca880e0be3f3b898d8849e74bd31c57fbbe027e67cbbf43ff28529c604b0bfe7b825d6890a5a11f7ba491c @Matt_Belvedere https://click.response.cnbc.com/?qs=6797320f0a81691dcf9eaafb300d1f4bded9ec254aff9741fb4b0cc90f29d61768b08cff7de963c024dfb4969c0eff15a7a15c838e3d7b26 https://click.response.cnbc.com/?qs=6797320f0a81691dcf9eaafb300d1f4bded9ec254aff9741fb4b0cc90f29d61768b08cff7de963c024dfb4969c0eff15a7a15c838e3d7b26 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=6797320f0a81691d4a6d4279ba60945c79cf71ede913fb71db72cf43fb4aa8c075763362982a8751a508d3fe1a5e837768213d1697ecf59e @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=6797320f0a81691dd98f57efe6ca58ce11b77a68d9b13a32c8b46243ba67b0a2d67f267e51afc1ac41a85a722f194c6d5e0f3c082ceffb92 our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=0f27c728e810a48111a00508285a89685eb34f2c66c62b5a8e6a8e5da1a0589600d8db7e4e2f29c71e4efec5133674709cae1b8c7cb2604d here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=00093f142b4b258e9c41d6dab1ea210e04d01b0097d04cb1be1ff4481e0e3cfce41f80fc0cb69da3 https://view.response.cnbc.com/ftaf.aspx?qs=00093f142b4b258e9c41d6dab1ea210e04d01b0097d04cb1be1ff4481e0e3cfce41f80fc0cb69da3 Send this email to a friend https://click.response.cnbc.com/?qs=6797320f0a81691db58c056ed3b0ec3d2be2b1cf797732ca73b80aa809086d321012018ef8f65a48b858c9a5f248687814b155e5534be95d https://click.response.cnbc.com/?qs=6797320f0a81691db2779792e64c715b0ba9cf6b9373de9ba7b8ffe197375a06fd701790951a785ba6ed2b876037a87003abd44bc56b1d72 https://click.response.cnbc.com/?qs=6797320f0a81691dd7365db9f9d3d1c34c2e573a2825ee6b9c9c2e1da6555fefc98c3d5cd318006c72938ae54df32a365d08e37f736d66ec https://click.response.cnbc.com/?qs=6797320f0a81691ddd4e64d85daf098e46fe5628ceec6922735bb8a168a8d8a2064a29ec7f94b60806e62f7490feceaaaa6e73cca92fb8b0 https://click.response.cnbc.com/?qs=6797320f0a81691d3fc6123155fd98814f927f57cb468fe9c097f795eeeac53ee3a9429af09ab4185fe98625637fed063c101a7d3b427fdeac3e1e104469415b Unsubscribe https://click.response.cnbc.com/?qs=6797320f0a81691dee842bf6c7d251b7d12ede17d9b1a90d322d50ea4de09b3832ae539aeeee22481131fb3b72e3da6bb49866037bd54afc Advertise https://click.response.cnbc.com/?qs=6797320f0a81691d125eaba39ae58fb754bf62466b55e2fbacffd755369faf56cffa97e522b71494a9e8f2056d50d26a4dc160587623df96dd9c4569cce5827b More Newsletters https://click.response.cnbc.com/?qs=6797320f0a81691d0546ce160c972b441879a33e80f18ae160759f852dbf5e0dc64ad0a5078fc54d2365147403db3d2a7b92831fb0db907f Digital Products (c) 2015 CNBC Inc. 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