CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=a600161548d8ed5c0bd6603fae6f7c9a2d702b5ef2ecc7d9cf4b0eab3ffffbec962f38eee0ba0dcbcc7d06feb337a10324dfb360cf9ec5e1c64e8e865a9e527a898da57b92dd9edc here. https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5e429a5536d024f506334948ec02f1a04a9cfaa0af5f9e94dfba7b245ce3ac55ba7f7a619de59f642d0a6f7a39f2153c9 The Dow Jones industrial average and S&P 500 currently have their best May gains since 2009, the Nasdaq since 2005. Dow Jones Fut 24,899.41 Current:24,827.00 Change:-59.00 Impl. Open:-49.41 S&P 500 Fut 2,730.13 Current:2,727.25 Change:-3.75 Impl. Open:-3.68 NASDAQ 100 Fut 6,964.37 Current:6,960.75 Change:-13.25 Impl. Open:-7.62 Russell 2000 Mini 1,600.34 Current:1,601.90 Change:-2.10 Impl. Open:1.51 Quotes as of 5/15/2018 7:28:47 AM ET BY THE NUMBERS Futures were lower this morning, but the major averages have logged some impressive numbers midway through May. The Dow and S&P 500 currently have their best May gains since 2009, the Nasdaq since 2005. (CNBC)- Cramer: 3 reasons why this market rally should be taken seriously (CNBC)- Goldman: Something strange happening with US economy that could cause rates to jump (CNBC) Dow component Home Depot (HD) fell about 3 percent in premarket trade after the company posted quarterly earnings that beat Wall Street's estimates. However, it missed on the revenue, dragged down by what the company called a "slow start to the spring selling season." (CNBC) Amazon.com (AMZN) and other Seattle companies will be hit by a new tax on the city's biggest businesses, which applies to companies grossing at least $20 million per year. Amazon said it would still go ahead with planning for a new downtown office building. (Reuters)- Amazon is growing its gross profit at a staggering rate (CNBC) It's a busy day for economic data, beginning at 8:30 a.m. ET with the release of April retail sales and the New York Fed's Empire State Manufacturing Index. At 10 a.m. ET, the National Association of Home Builders releases its May sentiment index. (CNBC) Dallas Fed President Rob Kaplan and San Francisco Fed President John Williams both have public appearances today. Williams is a voting member of the FOMC for 2018, while Kaplan is not. (CNBC) https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5b537feecc528f6300377679099dc03a4f779e6ba8c5ab3f820846a3c48dbc7e0b4de919f6dff371a33692c340973722b https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5ba1ed6e5d5346eb66e0ce7a153326f2cd3276cc0272ce92f156cb85536bf29f30dc896353ab0c58e2c7bf6bbfc999245 https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5ccb35885c96bb8e07852707b57deda9b31a7a13ca7995bf02a5728e66cdcd39b34c6aa91651f8e631a773cd299e91063 $(document).ready(function($){ $('body.mobile-native .group p').each(function() { $(this).html($(this).html().replace(/\- /g,"• ")); }); });   setTimeout(function(){ var aBody = document.getElementById("article_body"); var aDeck = document.getElementById("article_deck"); aBody.insertBefore(aDeck, aBody.firstChild); $('body .group-container .subtitle').css({'border-bottom':'4px solid #CCD6DB', 'padding-bottom':'10px'}); $('.embed-container').css('cssText', 'margin:0 0 0px;width:100%;'); $("body.mobile-native .group p").css("border-bottom","1px solid #CCD6DB"); $("body.mobile-native .group p:last-child").css("border-bottom","none"); $("body.mobile-native .group-container .subtitle").css("margin-bottom","0px"); $(".mobile-native article p, .mobile-native article ul, .mobile-native article ol").css("padding","30px 0px 30px 0px"); $("#article_deck").css({'border-top':'none'}); $('.story-top').css({'border-bottom':'none'}); }, 200);     IN THE NEWS TODAY Palestinians observed a strike today to mourn the 58 people killed by Israeli troops in a mass protest on the Gaza border. The U.N. Security Council planned to meet to discuss the violence, though it was not clear what might come out of the session. (AP) - US embassy move, bloodshed add to friction between US and allies (WSJ) div > div.group > p:first-child"> The Trump administration and China are closing in on a deal that would give Chinese technology company ZTE Corp a reprieve from crippling U.S. sanctions in exchange for Beijing removing tariffs on U.S. agricultural products. (WSJ) Vice President Mike Pence, addressing dozens of Republican party events in recent months, is unsettling a group of Trump's fierce loyalists who fear he is forging a separate power base, according to a report by The New York Times. President Donald Trump thanked the Waffle House shooter hero, James Shaw Jr., for "quick thinking" after the man pulled a gun out of the hands of a shooter in Nashville. Four people died in the attack. Shaw is credited with saving numerous others. (USA Today) First Lady Melania Trump underwent a "successful" kidney surgery at Walter Reed National Military Medical Center in Bethesda, Maryland. There were no complications and she is expected to remain in the hospital for the rest of the week. (Axios) Officials may have to order thousands of more people to evacuate Hawaii after lava flowing from giant rips in the earth on the flank of the Kilauea volcano threatened highways. Lava from a huge new fissure tore through farmland towards a coastal dirt road. (Reuters) The U.S. Supreme Court decided to allow states to legalize sports betting, breaking up Nevada's monopoly on the practice. Dallas Mavericks owner Mark Cuban told CNBC that top sports team's values will double on the court's decision. - Here's where and when you'll be able to gamble on sports legally (CNBC) Ride-sharing company Uber, previously accused of allowing a toxic work environment to fester, announced today that it's rolling back the use of forced arbitration agreements for employees, riders and drivers. (CNBC) Alaska Airlines (ALK) plans to close its New York base in September to reinforce its West Coast fleet, asking more than 100 pilots to relocate to California in a matter of months. Alaska currently operates five flights a day from JFK to both LAX and SFO. (CNBC) STOCKS TO WATCH Wynn Resorts (WYNN) announced that director John Hagenbuch will not stand for re-election, while Robert Miller submitted his resignation from the casino operator's board. Wynn's biggest shareholder, Elaine Wynn, had been campaigning against Hagenbuch's re-election. Symantec (SYMC) said an internal accounting probe would likely not result in any material impact on its past financial statement. The cybersecurity software maker also gave an upbeat forecast. Vipshop (VIPS) earned $1.05 per share for the first quarter, six cents below estimates, although the China-based discount retailer did have slightly better-than-expected revenue. Shares are under pressure after Vipshop issued a weaker-than-expected current quarter revenue forecast. Switch (SWCH) earned 14 cents per share for its fiscal fourth quarter, compared to an expected loss of 14 cents per share, and the data hosting company saw revenue come in above estimates. It also issued an in-line forecast for the current year. STMicroelectronics (STM) is forecasting stronger-than-expected 2018 revenue growth, as the chipmaker's business accelerates in the automotive, industrial and other categories. Vodafone (VOD) CEO Vittorio Colao will step down in October after 10 years on the job. The mobile operator said Finance Director Nick Read will replace Colao. WATERCOOLER Fast-food chain KFC's operation in the U.K. is peddling a commemorative chicken bucket, decorated in white with gold trim, in honor of this weekend's royal wedding between Prince Harry and Meghan Markle. (Eater) CONTRIBUTORS https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5f0d6b601704307c5c06cb78dacccbaeca9d5086b37d88118a0a4b6924ed6d9eab9bb8f5c548a3b94537ab1dee6a2ce074a62db3b942f51b9 https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5f0d6b601704307c5c06cb78dacccbaeca9d5086b37d88118a0a4b6924ed6d9eab9bb8f5c548a3b94537ab1dee6a2ce074a62db3b942f51b9 Berkeley Lovelace Jr.News Associate https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5e21d640e1b7c4bd4c7e5437af4cd5c2c0b8117bf130c64057be1310ff87b69725fc1c98a577f1fd7e0da9fadbd223f0d27179a0509405eca @BerkeleyJr https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f55b19a411d1c425db5cb2104451d601c179b47e1920ccd9aa9af41d0646f45183fe773edc6579069ffa6c22da94292be4 https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f55b19a411d1c425db5cb2104451d601c179b47e1920ccd9aa9af41d0646f45183fe773edc6579069ffa6c22da94292be4 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f57ee3e1b52341c2c30895a8752816c74ef2afa39806c26d6a29f255296d38d1270da3730607e0d6fa743e4a0ae41663c8 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5c1d83587c2aef4a76f2b31aa16d7e6642be2dfdc987335152efad97f1888366933c71e62f3159720a4ed3513fa82dcf9 our simple form to let us know what you think. Click https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5e429a5536d024f506334948ec02f1a04a9cfaa0af5f9e94dfba7b245ce3ac55ba7f7a619de59f642d0a6f7a39f2153c9 here for Real-Time data and top stories on your desktop or mobile device. https://view.response.cnbc.com/ftaf.aspx?qs=a600161548d8ed5c0bd6603fae6f7c9a2d702b5ef2ecc7d968a239ee881c78e21a584bf8174d4f128d44be565943c17f https://view.response.cnbc.com/ftaf.aspx?qs=a600161548d8ed5c0bd6603fae6f7c9a2d702b5ef2ecc7d968a239ee881c78e21a584bf8174d4f128d44be565943c17f Send this email to a friend https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5954c2b58ee44c502daa4efd462652c786cf76eff1a1fc50fe0d1fbba4358f8b14bc15a706c7b19415f1e032635e67e4b https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5c97ce135bc6d86ca709b0aa88e0501a48350651bb2a51a94911045b6591e6316c57900919ae1447a2e2496875b2b3708 https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5d916da331df0411193e42657b00a649fdd206ddbe136f4492d522522f2b255187866dfd18a0dcb06c9c7b44fb64889a3 https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f59fe884f24b8d0919e2d6706bfe9f6ed682cae4c2ed0edcf86493d04c2813c1c8e9be6b2b2c2796cd4be767a152e96eca https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5b9fef5b1ff744b9171dbdabea2f3762e0d64ef444d6fb80a90a1d2ca6270d1434cd464d48856d719fcdc6a74ce008c9cb5092c58ee2550ef Unsubscribe https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f59c6e829b6b21219a8b404b24058fed60cffa03b816149433cf820743e3fb1197e0433209605dc0aa9e16a6c0be0b9b46 Advertise https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f5924ae6df55c4a28e3b6d9c805d17abf4cd9eb0dee91f821b569d5f8b434fdc0bf94e4b3c8e3e7a82f27bd461804c39447146a85109695cb7 More Newsletters https://click.response.cnbc.com/?qs=ab0c7bc10a4b52f54d34b649cbbb878c7a2e70f123b96b52bcdc10a2601f9bb9d4ed4056c681ae95f63f711bea71f75c578050cf6ff69b66 Digital Products (c) CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 To ensure delivery to your inbox, please add mailto:[email protected] [email protected] to your address book.