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=423193487afea630d9e45c1e839d2c01b3b55bfaf794f6f4545f3f2a26df81344cd239c95e32c1addcd9e5689c572b44e20975a81f7a22a44d1c28863ae38a70CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=423193487afea630d9e45c1e839d2c01b3b55bfaf794f6f4545f3f2a26df81344cd239c95e32c1addcd9e5689c572b44e20975a81f7a22a44d1c28863ae38a70 here. https://click.response.cnbc.com/?qs=1c5eb8e837336ce8ff33bc99b8b6a3f5613e66883334d92348494364eaa8364d7d4fd69424feac1b2a827e2fbf332ffb5be5790f660b3a31 https://click.response.cnbc.com/?qs=1c5eb8e837336ce83ada3d01440a2f90ad2d37812da5f30e5485fa7167d29d5240b6983fbe161ba2ef0e8ecfed6bacfd76b3ff24e7d92692 BY THE NUMBERS U.S. stock futures https://click.response.cnbc.com/?qs=1c5eb8e837336ce8323860bab8ee3f7c93a6fff34b7961ff2b882027506debdc14e1b1da6158d94520de7a2809c9ed6042aa1fb2f1ed1bf7 were higher this morning after the Dow, S&P 500, and Nasdaq on Monday logged their biggest gains since March 1. The Nasdaq closed at a record high and about 16 points away from 6,000. (CNBC)Dow components 3M (MMM), DuPont (DD), Caterpillar (CAT), Coca-Cola (KO), and McDonald's (MCD) report https://click.response.cnbc.com/?qs=1c5eb8e837336ce86fdc08a89031532779da286e92d28cbebc987e1e7b73924f10c374bfd7b7fa2cbdc25da14df3045e0f94b61ef23a4d64 earnings this morning. The afternoon after the bell list features AT&T (T), Chipotle (CMG), Texas Instruments (TXN). (CNBC)On the economic calendar, the February Case-Shiller report on home prices is out at 9 a.m. ET. The Conference Board issues its April consumer confidence index at 10 a.m. ET. https://click.response.cnbc.com/?qs=1c5eb8e837336ce8368232da668a2df102bd1430348d8c519b0c1af40ee4e4a768e36ca2351cea9ec9b95d013c9911e405ff42a10c9c1c38 https://click.response.cnbc.com/?qs=1c5eb8e837336ce8dd3bba05eb41acfac1e54e7f742b0867586af01a6cb955ac588a4ba548c10871fc0ac58819f1e3ebc1b3f861925b6477 https://click.response.cnbc.com/?qs=1c5eb8e837336ce8ba8231fb4411865124839714d72f67cbf67dca95e9b00d0da1f8da4f16bf806c9ae8806a5cfbd74ae118cb04e3ccc3de IN THE NEWS TODAY North Korea put on a massive https://click.response.cnbc.com/?qs=1c5eb8e837336ce8d35b21b6e9f441479e4b479c40e5d43df294e5968a1937efe2565f08092da02aca85905f3d6d1df35a3c604b94a4ceac live-fire drill today to mark the foundation of its military. With rising tensions, top Trump administration officials hold a https://click.response.cnbc.com/?qs=1c5eb8e837336ce8194e80d64c185acd6517fa6a5d48843a7ea819bbbaed8c593511bcb0607930f31eeb705e23d1e0a01f57e36260d6649b rare briefing tomorrow at the White House for the entire U.S. Senate. (Reuters)President Donald Trump https://click.response.cnbc.com/?qs=1c5eb8e837336ce8b41ea489f95430ac55be4eba69f1721671155ab52e79c35c998de61c77b9cd02417d0758e388d5d268a174c1094b835b indicated an openness to delaying his push to secure funds for his promised border wall with Mexico ahead of this week's government shutdown deadline. (Reuters) https://click.response.cnbc.com/?qs=1c5eb8e837336ce8eeb6fd23b1846e2a984e989ae4cd95031b7e61a10382bbf3dc885c075e60884c06739b48896fd67034a0d2babef94af3 Trump has instructed his advisors to make reducing the U.S. corporate tax rate from 35 percent to 15 percent a centerpiece of his tax-cut blueprint to be unveiled tomorrow. The House GOP plan calls for a corporate rate of 20 percent. (NY Times)The U.S. plans to impose https://click.response.cnbc.com/?qs=1c5eb8e837336ce89d1b0b82e6b3cac1f44a17f2ad3fb78b35ef3363ae675cee146bf2b0889a4d77a67b2149a9f840537b4ca7b7d7943418 new anti-subsidy tariffs averaging 20 percent on Canadian softwood lumber imports, a move that escalates a long-running trade dispute between the two countries. (CNBC)Alibaba (BABA) founder Jack Ma https://click.response.cnbc.com/?qs=1c5eb8e837336ce8d56256775c636528d1bbdcbc00659b30838328ccc4761e702c58cbb033a2ebd4280266207f2a5a14b991b494037c0053 is making good on a promise to President Trump to give 1 million U.S. small businesses access to the Chinese market, announcing today a program to teach American businesses how to sell to its Chinese customers. (USA Today)Netflix (NFLX) has struck its https://click.response.cnbc.com/?qs=1c5eb8e837336ce8b2924911bbc945e5fde5a75575bfa2b9b22d96ba9d17f714af5427bac66c92435d9df420179a1e916246dab0c4b27bf7 first licensing deal in China with one of the leading streaming platforms there, Baidu's iQIYI. Netflix abandoned last year a plan to enter China as a service operator, citing regulatory difficulties. (Variety)Express Scripts (ESRX) shares https://click.response.cnbc.com/?qs=1c5eb8e837336ce877c44a1eeb0d72d8181def04c555232b75b23a777e614be681265c1dc3891d9cc7fba90ef874164dbe4e7fe8f461e135 were tanking about 15 percent in the premarket after the pharmacy benefit manager said its contract with health insurer Anthem (ANTM) was unlikely to be renewed. (CNBC)Wells Fargo (WFC) holds its https://click.response.cnbc.com/?qs=1c5eb8e837336ce856ce11d61d149121d7c4e441766fdb16fdcc2b8f1220bb76c214a45346cca20418098a9fddb58bdbb5e8ecf45480ae38 shareholder meeting today with the focus on a battle over its director slate following the fake accounts scandal. Separately, the Fed said the bank's updated living will was satisfactory. (NY Times)Activist investor Marcato Capital blasts Buffalo Wild Wings (BWLD) again, saying the restaurant chain in an SEC filing https://click.response.cnbc.com/?qs=1c5eb8e837336ce828f7ce57a75d87a348adf87ffc78cd2604e95077181585b9db51130e6b04fdabef233b11084ccbed4683965f3e1f6509 made an "astronomical error" in a chart about the performance of the stock. (CNBC)Saudi Aramco https://click.response.cnbc.com/?qs=1c5eb8e837336ce80afddf39feecea183651448b558215cc3c377d10d93610c4582cda0fe8d12c20394feb5fc43948628b78f52e2523bcb2 may not be worth $2 trillion. Even accounting for a more favorable tax rate, the highest valuation that employees were able to come up with was about $1.5 trillion. (WSJ)T-Mobile (TMUS) CEO John Legere https://click.response.cnbc.com/?qs=1c5eb8e837336ce8d1e5e36d7b05595bde66ba4f55a307765dbdf8156f92a583d45bb749465ec934ead46df927dc27c8ae14ea612a6dba4d told CNBC he would be open to growing his business through a merger. The wireless carrier added more subscribers than analysts had anticipated. (CNBC)Apple (AAPL) https://click.response.cnbc.com/?qs=1c5eb8e837336ce8608e78d99d193b91007ef487e9faa7c08e122eccf27871de260b3556e70aaeb9cf44da90fb26f915d9d49bf0dbce6c21 has hired former NASA employees, robotics experts, and ex-Tesla staffers to form part of its driverless car teams, according to official documents released to two media outlets.Yahoo (YHOO) CEO Marissa Mayer https://click.response.cnbc.com/?qs=1c5eb8e837336ce8ded4987c7f55682b55d5b752ea6a7b895ea197d5621734ae8c7ca03eb9903b0d9d0f3de1e4c45074702ceb90252c2eab stands to make $186 million on the sale of the company's internet assets to Verizon (VZ). Yahoo shareholders vote on the $4.8 billion deal in June. (NY Times)STOCKS TO WATCH Alcoa (AA) reported adjusted quarterly profit of 63 cents per share, 10 cents above estimates. But the aluminum producer's revenue came up short of forecasts despite an upbeat pricing environment.Whirlpool fell 5 cents short of estimates with adjusted first-quarter profit of $2.50 per share, while the appliance maker's revenue was slightly above Street forecasts. The company also cut its full-year outlook.SAP (SAP) reported quarterly profit that matched forecasts, with the business software maker's revenue slightly above projections. SAP is shifting its emphasis to the cloud, and profit margins in that area fell.Novartis (NVS) reported a first-quarter profit of $1.13 per share, a penny above estimates. Overall results were impacted by a charge related to the failure of an experimental heart failure drug.Humana (HUM) raised its full-year forecast as its retail health insurance business turns in a better than expected performance. Humana also issued better than expected preliminary adjusted first quarter profit.Akorn (AKRX) agreed to be bought by German health-care company Fresenius for $4.75 billion or $34 per share in cash. The U.S. generic drug maker's stock had risen this month on reports of deal speculation.Tyson Foods (TSN) is considering the sale of its non-meat brands, such as its Sara Lee bakery unit, Kettle frozen foods, and Van's breakfast foods, to focus on its core businesses. CONTRIBUTORS https://click.response.cnbc.com/?qs=1c5eb8e837336ce8aa694b7f14612210a3cfa636fb5fa4dc9545d779fe01c9dc6bdef368f01a5f2e0d987974341e9ea1ac1a30b94cc313e7 https://click.response.cnbc.com/?qs=1c5eb8e837336ce8aa694b7f14612210a3cfa636fb5fa4dc9545d779fe01c9dc6bdef368f01a5f2e0d987974341e9ea1ac1a30b94cc313e7 Matthew J. 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