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=6b75a3013dbd61da12faea76a3022eb032f6f0b9422b43c1423868651bcc938d8a43b1c6e423c94e14e99adf2d94f4fa3e93421d8e8d8757f061e2d2b9f4a437CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=6b75a3013dbd61da12faea76a3022eb032f6f0b9422b43c1423868651bcc938d8a43b1c6e423c94e14e99adf2d94f4fa3e93421d8e8d8757f061e2d2b9f4a437 here. https://click.response.cnbc.com/?qs=cf29bbb9cd070524c3966db15647e7c6204c95c28b56102a684f04416814c39482c85ba9fce30bafaae744e54e5c40a8c08180e50eccce8b https://click.response.cnbc.com/?qs=cf29bbb9cd070524b072cbfefe382eb529a3bb6c632f92b058683cbe5f0a629ee3831563224bdc57bf398eb842a776564fbe28af9495c458 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=cf29bbb9cd0705240394409239baefef2081d4e6ae43dde7d6e0ba94a2fc9835df64f047db293c398423dced7793d091df7fd97c563026b2 were searching for direction this morning after the Dow and S&P 500 on Wednesday saw their biggest reversals in 14 months. Wall Street is watching for news out of today's meeting of President Donald Trump and Chinese President Xi Jinping at Mar-a-Lago. (CNBC) https://click.response.cnbc.com/?qs=cf29bbb9cd070524475ad0f460aeae08e1be65b0c4fc28afb6b454b6aa6726ed3bb89097b9b3ffdf7a7d9dd6aa0d32d539bb13291878eed1 Plans by the Fed to pare back its $4.5 trillion balance sheet should not be seen as a surprise with a reshuffling at the central bank likely in 2018, the chief economist at Goldman Sachs told CNBC.ECB President Mario Draghi insisted today the central bank's monetary policy stance https://click.response.cnbc.com/?qs=cf29bbb9cd070524ec838eaf0c0c837df3e5e3b75a61470b8d0e014f11e27d7f63f664c586d4888f98cddd93ee6f4c90fa440bc6ec313931 remained appropriate and stressed "sufficient confidence" would be necessary to reduce stimulus. (CNBC) https://click.response.cnbc.com/?qs=cf29bbb9cd0705243ff9cb883d6a68c64b6411bcc8d4f0184e3f753b634966abdaf0c54ff74449c0cdf5f1785ee5fcbb3446e12c7ad3c972 https://click.response.cnbc.com/?qs=cf29bbb9cd0705246a92b7b5bbf05fe938c29509dd0a6dcef23d3b32827a9e0dc0b0371866655097a8233b5d62dd70456e7c6a95fdbcf1d0 https://click.response.cnbc.com/?qs=cf29bbb9cd070524042395248e5dee52891da2d32f8067900991bffa53eb0f288a027db0edca524e2ba89698543e108485df23a35bf0a664 Trump and China's Xi may say little publicly about North Korea after they talk today, but https://click.response.cnbc.com/?qs=cf29bbb9cd0705248ce8297bd8e8b416a0a1b527d451aee9bb5dbb92ba26a87dbe8f53cc4e6123056556bdfa7cb6b7441e4a1e6e7adedfd9 China has the leverage to quietly exert pressure on Pyongyang if it chooses, according to geopolitical experts. (CNBC) https://click.response.cnbc.com/?qs=cf29bbb9cd070524f05a02a7c192ffd885d477816bb0882b3fc6c941334608142dea6886da1d274aa18c9b3315ab3636ded3a45648098a5c Trump spoke by phone with Japanese Prime Minister Shinzo Abe about North Korea's launch of a ballistic missile, among other regional issues. Trump and Abe met at Mar-a-Lago in February. (Reuters)Vice President Mike Pence said, https://click.response.cnbc.com/?qs=cf29bbb9cd0705242a83a677e767f4daf52887198ea22640adb3b8901bb5504629d90c5edc2f2db2b7a474d12c092b463e0903ad1118ac9b "all options are on the table" for a U.S. response to a poison gas attack in Syria, which the White House blames on the Syrian government. (Reuters)White House chief strategist Steve Bannon has been removed from his seat on the National Security Council, https://click.response.cnbc.com/?qs=cf29bbb9cd070524db96b1a2094bd5e83155d2e6491ec703f47cf6547d684598e3e6689aed4ded92cc714dcb610d2a29bc553f33b049f504 reversing one of the most controversial decisions of the young Trump administration. (CNBC)Senate Republican leaders https://click.response.cnbc.com/?qs=cf29bbb9cd070524dcf8d248afea799182ff15d111ca62ab11a611f9ebb42fb8f5902d35d4198db1b3e152848fa2e081af094f1de57cb1b8 are poised to move today to change the upper chamber's filibuster rules so Democrats can no longer block the confirmation of Supreme Court nominee Neil Gorsuch. (USA Today)The House https://click.response.cnbc.com/?qs=cf29bbb9cd070524c1738669d111a61e25cadd02375c21c77095e973b28cca6ac1b5f9c2b1e1fc4d198c0a94947c696b3775fcaee20685b0 is set to leave town this morning for a two-week break without reaching an agreement on health care, a blow to Trump and GOP leaders who tried to revive their failed Obamacare replacement bill. (NBC News)Amazon (AMZN) founder Jeff Bezos, the world's second-richest person, https://click.response.cnbc.com/?qs=cf29bbb9cd070524b381d4f1079dde339fa6a29002ea7901fc59f89e47f423f6853558ad26565bb3799aba1a9e1a14f7b90db3fcccfa6275 plans to sell $1 billion worth of stock in the e-commerce giant every year to help fund his private spaceflight company Blue Origin. (Space News) https://click.response.cnbc.com/?qs=cf29bbb9cd07052495008b931942a873a4cc4cacd634578f110b03418364fc40f59e821a2d5b7a29eb03b03e2bad67fa2e6840d5f9ee8b6f Uber is refuting a New York Times article that claimed faster pick-up times for riders means more idle drivers. The Times also detailed psychological techniques used at Uber to keep drivers on the road.Facebook (FB) https://click.response.cnbc.com/?qs=cf29bbb9cd070524bb386c59ffccf2f1272972d2767381a75344a4226772a58dc53ea6075aef2c20152c6e2238ef133aa26938705ae315c9 is trying to halt the spread of so-called revenge porn on its services just weeks after a nude-photo scandal involving the Marines surfaced on the social media site. (WSJ)MGM Holdings (MGMB) https://click.response.cnbc.com/?qs=cf29bbb9cd07052480f9176898ce35d3087f5e39ef44343ec8d04680b12c5ede2cbc44d79f51a040100ae42f762af7dd1e9171466c84c56d will buy the 81 percent of the Epix cable channel that it doesn't already own from partners Viacom (VIAB) and Lions Gate (LGF) for about $1 billion. (CNBC)Unilever (UL) https://click.response.cnbc.com/?qs=cf29bbb9cd0705243abf048c3eb8daa48915254028a8efb222681db719e0ff1f8a304462f566ad0a0fb1f49718438eb80a620a5b931e300c has vowed to reward shareholders with a multi-billion dollar transformation in the wake of a corporate review sparked by a takeover approach from U.S. rival Kraft Heinz (KHC). (CNBC)General Electric (GE) https://click.response.cnbc.com/?qs=cf29bbb9cd070524b44cdf2fb26d88a024f6ac447850f4ac833a23e52115d00952f38e0602a12b64f5fbb1c781cd1c03451489b36a264e46 is weighing a sale of its consumer lighting business, which for decades defined the company following its co-founding 125 years ago by Thomas Edison. (WSJ)BlackRock (BLK) has nominated Cisco Systems (CSCO) leader Chuck Robbins as a director, making him the https://click.response.cnbc.com/?qs=cf29bbb9cd0705245f883d0a9e434a1aa575156965a404a2a4567979d849fc2bfb3a473da80b66a788f618c040803971b2b0866f15b23a23 first technology chief executive on the board of the world's largest money manager. (WSJ)Theranos founder Elizabeth Holmes https://click.response.cnbc.com/?qs=cf29bbb9cd070524557cca79c2f72436272d3e920f0561cf8307ef66a920c8a168c2d1682ff98d93705e23c558e83c7f121c87c716dc79c0 owes a debt of about $25 million to her embattled blood-testing start-up once valued at $5 billion. Theranos has the power to absolve her from the debt. (WSJ)PepsiCo (PEP) pulled its controversial Kendall Jenner ad, saying https://click.response.cnbc.com/?qs=cf29bbb9cd070524b5d7c54cf0013b402c1d817511fa5740342ffed5429d04f4f6c273556a33b45955fc5d4010ff29ee4d6c66719e2616d3 "clearly we missed the mark." But the company still faces an uphill struggle to recover from its marketing misstep, marketing experts said. (CNBC)BY THE NUMBERS Following Wednesday's strong ADP private-sector jobs report and ahead of tomorrow's government employment report, investors get weekly jobless claims figures to consider at 8:30 a.m. ET.CarMax (KMX) and Constellation Brands (STZ) are among the companies releasing earnings this morning, while Ruby Tuesday (RT) and WD-40 (WDFC) are out with quarterly results after the bell this afternoon.Bed Bath & Beyond (BBBY) beat estimates with quarterly earnings and revenue. But the housewares retailer warned on full-year guidance. The company raised by 2 cents its dividend to 15 cents per share. Yum China (YUMC) exceeded forecast on quarterly earnings and matched estimates with revenue. Investors were encouraged by an unexpected 1 percent increase in same-restaurant sales.Costco (COST) reported a better than expected 6 percent increase in U.S. same-store sales. Analysts had anticipated a 4.2 percent rise for the warehouse retailer, according to estimates compiled by StreetAccount.One of the largest U.S. trucking companies, Schneider National (SNDR), raised $550 million in its initial public offering, https://click.response.cnbc.com/?qs=cf29bbb9cd070524ea916d790d90196f37e0779d1d584a1d4522b2f995ba3660de4024f02bff4e7a6fe729499750ac942afd1ec31830fc04 according to the Wall Street Journal . The stock is set to begin trading today on the NYSE.STOCKS TO WATCH Twitter (TWTR) unveiled a faster version of its mobile service, called Twitter Lite, designed to work better and use less data for those with weaker mobile connections of smaller data plans. Apple (AAPL) is being sued by Australian regulators, who accuse the company of "bricking" iPhones whose cracked screens were fixed by non-Apple repair shops.Sunoco (SUN) is selling convenience stores and gas stations to Japan-based Seven & I Holdings, the parent of the 7-Eleven convenience store chain. Seven & I will pay about $3.3 billion.Cardinal Health (CAH) is near a deal to buy Medtronic's (MDT) medical supplies business for a reported nearly $6 billion. A deal could be announced later this month.Jazz Pharmaceuticals (JAZZ) struck a patent settlement with Britain's Hikma Pharmaceuticals related to the narcolepsy drug Xyrem. Jazz granted Hikma the right to sell a generic version in the U.S. market. Allergan (AGN) plans to move ahead with testing of Botox, best known for helping smooth wrinkles, as a treatment for depression, despite barely missing expectations of a study.WATERCOOLER Dustin Johnson https://click.response.cnbc.com/?qs=cf29bbb9cd070524cadf426160304f687f30a2ede62de548f14a004bf764ca8b954426939822604df47e5999daeeacca30ed6dba1731605e took a serious fall on a staircase on the eve of the Masters and injured his lower back. It's uncertain whether the world's No. 1 golfer would be able to play. The first round tees off this morning. (AP) CONTRIBUTORS https://click.response.cnbc.com/?qs=cf29bbb9cd0705243cceb897de55d03ac6cba24dac4476187448cecd2eea04764cde92798fc68ae481a92a15727b1d6343c5b9acc8358f11 https://click.response.cnbc.com/?qs=cf29bbb9cd0705243cceb897de55d03ac6cba24dac4476187448cecd2eea04764cde92798fc68ae481a92a15727b1d6343c5b9acc8358f11 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=cf29bbb9cd070524eb85572fc56f8a1daa53ddc6a89c207492f74c4ba95a8a1a223fdac0354300ecd2d7c48ef56413cac9c9757c9bb3c61b @Matt_Belvedere https://click.response.cnbc.com/?qs=cf29bbb9cd0705246b6af4c60ad91f29cbab3f190aa2caec85998dd5862fe9a27eaf1928b54f1361690e9aae432b68570a529dfceaebd6dc https://click.response.cnbc.com/?qs=cf29bbb9cd0705246b6af4c60ad91f29cbab3f190aa2caec85998dd5862fe9a27eaf1928b54f1361690e9aae432b68570a529dfceaebd6dc Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=cf29bbb9cd07052460e6295629aabc15e995599a931a7c21ba096e9b88736591c1c7d81265dc53e4eebef6fdf68fe45010c09917bdaa0b90 @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=cf29bbb9cd0705241133fae5d377c52d3e9d1579449bd667aaa471f3af07ee937532604f751b210501c95794c716052dc3070fa0a1321e42 our simple form to let us know what you think. 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