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=0a916011fcd73765d653030122292f0a16dc4b44b03876a0824a10103d5339313598bc8a8141494322116a71c6a0bc6cb45d15f0171db50d6de7359688bf165dCNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=0a916011fcd73765d653030122292f0a16dc4b44b03876a0824a10103d5339313598bc8a8141494322116a71c6a0bc6cb45d15f0171db50d6de7359688bf165d here. https://click.response.cnbc.com/?qs=272a0f60b40310868eafbe564d4a49a9d51c538f9a24d67a7573a53ca969bd472d2fdd99eccf3c05 https://click.response.cnbc.com/?qs=272a0f60b4031086586942b1006c4109d923597f213125075500607b83847c77f57b1ef3820167e6 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=272a0f60b40310869672a5041006fc5135235631cbae4c4c0c77be61f8f0ca04f120b47474dde402 were searching for direction this morning, after the Dow snapped a seven-session winning streak on Wednesday, and ahead of Fed Chair Janet Yellen's morning appearance on Capitol Hill. (CNBC) https://click.response.cnbc.com/?qs=272a0f60b403108656fc7efa137086fb4faa27c27e398cbee5c8a08b599d0609ce1c04d2b248bf64 In prepared testimony , Yellen made her strongest comments to date in favor for a policy tightening in December, saying an increase could be "appropriate relatively soon." (CNBC)Minneapolis Fed President Neel Kashkari https://click.response.cnbc.com/?qs=272a0f60b40310868f980189830d64d303a2e3cd85e15023d7cc7a2c6ca945dc9f7c4695cad49e53 told CNBC the reaction in financial markets to Donald Trump's victory — rallies in stocks and bond yields — is making the job of central bankers easier on interest rates. Dow component Wal-Mart (WMT) this morning reported quarterly earnings that beat expectations, but https://click.response.cnbc.com/?qs=272a0f60b4031086853da6992038c76dd5b105e2aa4bd57779eb29a56510bbc449fd487b2239d10d revenue that missed . The retailing giant lifted the lower end of its full-year guidance. (CNBC) Cisco Systems (CSCO), another Dow stock, reported late Wednesday earnings and revenue https://click.response.cnbc.com/?qs=272a0f60b4031086fb25251d8bf4a7f6c7a31fa1c29f9b42df508bebeb497f3c51e49765962f89e6 above forecasts . But the networking equipment maker warned on outlook, and shares were under pressure in the premarket. (CNBC) Cisco CEO Chuck Robbins talks about the numbers in an interview on CNBC's "Squawk on the Street" at 9 a.m. ET.Piper Jaffray issued a report saying the "fear trade" that's battered mega-cap tech stocks, such as Amazon (AMZN), Apple (AAPL), Alphabet (GOOGL), Facebook (FB), Netflix (NFLX), presents a rare buying opportunity. (CNBC) https://click.response.cnbc.com/?qs=272a0f60b4031086e7e341be441f34088ab82a7c47109a4e47abc552af71a5efbf29fd111f002003 https://click.response.cnbc.com/?qs=272a0f60b4031086058d6d4f3e5fc330f505e4577abca089e95640fb8dc40c9a4cdc52208fd7861f https://click.response.cnbc.com/?qs=272a0f60b40310864b0ea6a242538257048f3f2e2eb7f794d9021394ca518a7ee7aae5e70ee5a5e7 Japanese Prime Minister Shinzo Abe https://click.response.cnbc.com/?qs=272a0f60b40310867f4b37a0016e3085d221cf011de1d94b70cf5b64946a06eb65b622d39096810a is planning to sit down with Donald Trump in New York today, what would be the president-elect's first meeting with a foreign leader since his election. (NY Times)In her first public appearance since conceding the presidency to Trump, Hillary Clinton https://click.response.cnbc.com/?qs=272a0f60b4031086534b2b9f3a89b5cd3a0bd3dcf031463f6df36e8615017c828dd6bc9c43f06d70 urged supporters at a charity gala in Washington D.C. last night to "not to give up." (NBC News)Bernie Sanders, who lost the Democratic nomination to Clinton, said at a separate event he actually made Clinton a better candidate and https://click.response.cnbc.com/?qs=272a0f60b4031086ca2f631374a692afe710b312c109356e98c6abd58f43fca72e24aecdc41e136b possibly could have beaten Trump himself. (NBC News)Trump is making https://click.response.cnbc.com/?qs=272a0f60b4031086589f8988eb4eb7dbf91a57ba0971fa5aeeb22fe392b47c209928f2f9bb47b9ae overtures to Democrats , meeting with New York Mayor Bill de Blasio and signaling support for a public-works building program. (WSJ)Trump's son-in-law, Jared Kushner, who became a close adviser in the presidential campaign, https://click.response.cnbc.com/?qs=272a0f60b403108667953d82d03d1bd73c1f7998631bee7fc0248a9ceb6b9b48ab6b0186e20354a1 is likely to take a top White House job, people familiar with the presidential transition told Wall Street Journal. https://click.response.cnbc.com/?qs=272a0f60b4031086141517ca6e4d5fd1e08745c9ea6120a081eea93f906b129d3eda885163443866 Conflicting information on whether JPMorgan (JPM) chief Jamie Dimon could become Trump's treasury secretary is casting cast a cloud of uncertainty over the nation's largest bank. (Reuters)JPMorgan (JPM) https://click.response.cnbc.com/?qs=272a0f60b40310869ce5749bfe3edf6efa3b0eaebd025ed1da0303ce9500627b5f5301c02c6cf726 will reportedly pay more than $250 million to settle a U.S. probe into its China hiring practices. The SEC opened an investigation into JPMorgan in 2013 over the hiring. (Reuters)Goldman Sachs (GS) https://click.response.cnbc.com/?qs=272a0f60b40310865ac845c2563c82b66934f511bd2e764943029734cf6bfc9ef2d8ef5dbd4a9e7b is expected to introduce today its first advertising campaign ever aimed at getting individuals out of their higher-cost credit card debt by replacing a lower-cost personal loan. (NY Times)Elon Musk's SpaceX https://click.response.cnbc.com/?qs=272a0f60b4031086c20f7ef2bbbe3a2668948c07fd9802aa083f4ed004e61722d55b23d8bf0a4f9e wants to launch thousands of satellites into space with the aim of providing super-fast global internet coverage, according to a regulatory filing. (CNBC)Tesla (TSLA) and SolarCity (SCTY) hold separate stockholder meetings today https://click.response.cnbc.com/?qs=272a0f60b4031086a7e7acbc0550649b2ded30f4acae955435a04fd7a145419767ca3da37c77712b to vote on the proposed combination of the two companies. Musk serves as chairman and CEO at Tesla and chairman at SolarCity. (Recode)First Solar (FSLR) https://click.response.cnbc.com/?qs=272a0f60b403108699017748f1655cf18ca56e9cab02ad0bc8da81a5d2e4a1c60b6b011f59520128 is cutting 27 percent of its workforce, or about 1,600 jobs, and the solar company also provided a sales forecast for 2017 that comes in well below forecasts. The stock was tanking about 12 percent in premarket trading. (CNBC) https://click.response.cnbc.com/?qs=272a0f60b403108618c289f0fe6a234c6a6624a50734f37749425ee7a04d6eb6fb3607e3bccd51d5 Russia is taking steps to ban LinkedIn (LNKD), accusing the social network for business of violating data protection rights. LinkedIn's issues stem from a law requiring companies to store user data on Russian soil. (CNBC) BY THE NUMBERS There's a flood at 8:30 a.m. ET, including weekly jobless claims, October consumer prices, October housing starts, and the Philadelphia Fed index for November.In addition to Yellen, two other Fed officials speak today at a New York Cityevent: New York Fed President William Dudley at 9:10 a.m. ET and Fed Governor Lael Brainard at 12:30 p.m. ET.After-the-bell earnings reports this afternoon include Applied Materials (AMAT), Gap (GPS), Intuit (INTU), Ross Stores (ROST), Salesforce.com (CRM), and Williams-Sonoma (WSM). STOCKS TO WATCH Best Buy (BBY) reported a blowout quarter, beating earnings estimates by 15 cents at an adjusted 62 cents per share while revenue and same-store sales were both above estimates as well. Staples (SPLS) matched estimates with adjusted quarterly profit of 34 cents per share, though revenue was below forecasts.Staples saw a bigger than expected 4 percent drop in same-store sales.NetApp (NTAP) beat estimates on earnings, but missed slightly on revenue. The provider of data storage services provided upbeat forward guidance, and the stock was surging about 10 percent in the premarket. L Brands (LB) beat expectations on earnings and revenue. However, the Victoria's Secret parent warned on outlook, due to an increasingly competitive environment and overall slowing store traffic for retailers. Amgen (AMGN) announced upbeat results for its experimental migraine drug in a phase 3 study. The biotech firm said the drug significantly reduced monthly migraines and that the study results were statistically significant. Hain Celestial (HAIN) shares are getting a boost after an independent review showed no wrongdoing in the organic food company's accounting practices. Toyota (TM) plans to set up a new electric vehicle unit, aiming to get an all-electric product to market as quickly as possible. nbsp; WATERCOOLER Cleveland Cavaliers star LeBron James https://click.response.cnbc.com/?qs=272a0f60b4031086cb6328ede48d58facd41ff17ad062f4bc477d0f7a080daa1c039c52f93b2f0b7 is donating $2.5 million to an exhibit at the Smithsonian honoring boxing great Muhammad Ali. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=272a0f60b40310866c33134890a90e09cc9491e802c0569e8b6bc845af00d178a4356a87d9ea07ff https://click.response.cnbc.com/?qs=272a0f60b40310866c33134890a90e09cc9491e802c0569e8b6bc845af00d178a4356a87d9ea07ff Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=272a0f60b40310862b3929cdedaa780f0d77e40038914ab9ff56c8d42c7ef5758025f7809b9aa49a @Matt_Belvedere https://click.response.cnbc.com/?qs=272a0f60b4031086248ba5dfc671623c15c1b4e1b9bcaa86312507935c0e80bd61ca21879487e6a6 https://click.response.cnbc.com/?qs=272a0f60b4031086248ba5dfc671623c15c1b4e1b9bcaa86312507935c0e80bd61ca21879487e6a6 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=272a0f60b40310867973f10290412f509b8eee82e0ef20e0d8ef4c0cc09f805b0d7eafcd6b92c946 @peterschack https://click.response.cnbc.com/?qs=272a0f60b4031086b8fe77b6725e7b2655732750bdb8925fc868987ab502cf677dc72ba08cb65170 https://click.response.cnbc.com/?qs=272a0f60b4031086b8fe77b6725e7b2655732750bdb8925fc868987ab502cf677dc72ba08cb65170 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=272a0f60b403108693880f1fa2e14a8d03fbca93ff4a212c15465a9453ad9fc4701629e4b3579bed our simple form to let us know what you think. 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