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://click.response.cnbc.com/?qs=0d114ce6d40fa33e6addbc919bb07a3a52c1a2a95cbede7440c4f27d75fd770819a872eea25bec83CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=0d114ce6d40fa33e6addbc919bb07a3a52c1a2a95cbede7440c4f27d75fd770819a872eea25bec83 here. https://click.response.cnbc.com/?qs=0d114ce6d40fa33ef5454e7cfb5de3caf0ad19c3aa605d07bdbe2b9967911ade879376814e3eb45d https://click.response.cnbc.com/?qs=0d114ce6d40fa33ec1027ad8bb48d10f8046d99f038981743e356917c7ec5b5be3d0817e427774e7 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=0d114ce6d40fa33e452d4dcf1741284ab8c7a1df7d8cd210409224bf5fdf16d9d031374acb627edd were faring pretty well this morning, after the Dow's biggest one-day drop in more than two months. Ahead of the last trading session of the month today, the Dow was still up nearly 1 percent for April and so was the S&P 500. But the Nasdaq was down 1.3 percent for April, due to the recent downdraft in tech stocks. (CNBC) The dire prognostication from Carl Icahn about a "day of reckoning" in the financial markets https://click.response.cnbc.com/?qs=0d114ce6d40fa33e9888e681c59eac820c0ef290490a676c37337f12dcdd7cdad09141d5b9cb6e13 should not be taken as gospel , said fellow billionaire investor Warren Buffett, ahead of Saturday's annual meeting of Berkshire Hathaway shareholders in Omaha, Nebraska. (CNBC) Other market milestones that could influence investors today include an https://click.response.cnbc.com/?qs=0d114ce6d40fa33e7ef2317efbaa3d34744d2773c616d5c67248ffb12fa2aa9870d34a242394951c 18-month high for the Japanese yen and https://click.response.cnbc.com/?qs=0d114ce6d40fa33ee2995c91f5c41e4773bea524b708f9b933b55e140557c28757eb0512f168636a 2016 highs for U.S. oil prices . Crude gained another 1.5 percent Thursday, on track to post gains of about 20 percent for April. Meanwhile, Dow stocks Chevron (CVX) and Exxon Mobil (XOM) report earnings this morning. (Reuters) China's central bank https://click.response.cnbc.com/?qs=0d114ce6d40fa33e6757c360babeff94caa1becd45a604106a1c18142e862ed5ddcb877e01cf5230 guided the yuan higher at the sharpest pace since 2005 on Friday in a move analysts attributed to the dollar's weakness against major currencies. (CNBC)Amazon (AMZN) shares were soaring more than 12 percent in premarket trading, pushing the https://click.response.cnbc.com/?qs=0d114ce6d40fa33e3af40c7bbd419cd2656ebb7ac29e7cd7ebb915a2dac77194bf0728e1a2bd5dc0 paper wealth of CEO Jeff Bezos up about $6 billion, after the e-commerce giant https://click.response.cnbc.com/?qs=0d114ce6d40fa33ecedf806e4dfc1a7d3e621c0c970fcf97166be1169f165ea85ad6dc5af508cf5a blew past estimates on first-quarter earnings and revenue on the strength of both its retail operation and its newer cloud services business. (CNBC) https://click.response.cnbc.com/?qs=0d114ce6d40fa33e38f77c53544b159437df5c52bd4319df9b6f1438f813ae62c76790d929f0d1b5 https://click.response.cnbc.com/?qs=0d114ce6d40fa33e5313077b0880cd0a2e859e430ce51bdc133697b6993f24ec3ea4171d59d0c29b https://click.response.cnbc.com/?qs=0d114ce6d40fa33e1ceb77432834134263d0a1cf81ea1d17579e52eadaca09e2d95613e3c6270059 Digital entertainment guide provider Rovi (ROVI) https://click.response.cnbc.com/?qs=0d114ce6d40fa33e73844feeedef711c19b50feebe9db4ba4f4a0853d348d530d2be1f25342e7824 said today it plans to buy Tivo (TIVO), which makes digital-video recorders, in a deal valued at about $1.1 billion. The combined company will be called Tivo. (CNBC) Struggling Valeant Pharmaceuticals (VRX) https://click.response.cnbc.com/?qs=0d114ce6d40fa33e1bffc02b867e8e81ab18aaf22148692d8fad214b14b198a7e9aecc1aa0143354 issued its delayed annual report today. Valeant bond holders Centerbridge Partners had previously revealed its intention to call a default because of the delay. (CNBC) Quest Diagnostics (DGX) https://click.response.cnbc.com/?qs=0d114ce6d40fa33ec5368f2ad52800ba8d586daac3eb49a57b01c0ca6cfda8c134ad2c28fb289bb6 won emergency FDA authorization to sell the first commercially developed test for the Zika virus in the United States. Previously, the only Zika blood tests that had Emergency Use Authorization were available from the CDC. (Reuters) Diagnostic test maker Alere (ALR) https://click.response.cnbc.com/?qs=0d114ce6d40fa33e993be6f6d6df3eb87c8ec3579e7af820463d4e10097cbb34f226d65ae7de37a6 turned down a request by Abbott Labs (ABT) to end Abbot's planned $5.8 billion takeover deal in exchange for a breakup fee. Abbott's request followed its $25 billion deal to buy St. Jude Medical (STJ), which was unveiled Thursday morning. (Reuters) Anheuser-Busch InBev (BUD) https://click.response.cnbc.com/?qs=0d114ce6d40fa33ea95208a8f6c3b19361833cbb1993e80576e1a5d6eb977d5970c7a64d5d2f777f is offering to sell more assets in order to win European Union approval for its $100 billion deal to buy rival beer brewer SABMiller. Anheuser-Busch recently entered into a number of agreements to sell a variety of assets. (NY Times) Caterpillar (CAT) https://click.response.cnbc.com/?qs=0d114ce6d40fa33eaad81eb2ac9e9633c6345046ac3245062b8c2bf17cb21efdb321a661a8b32dc4 plans to close five plant s and cut about 820 jobs, as the heavy equipment giant responds to falling demand. The cutbacks are part of the major restructuring that the company has been talking about for several quarters now. (MarketWatch) Financially strapped Atlantic City https://click.response.cnbc.com/?qs=0d114ce6d40fa33e143f08c7d703e0a3a4db3fb6f12b4f6ec7f703db7985c7af6056726df066a227 could miss a $1.8 million bond payment due Sunday, a step that would make it the first New Jersey municipality to default on debt since the Great Depression. (WSJ-subscription) https://click.response.cnbc.com/?qs=0d114ce6d40fa33e81766a874d40fc625842e26d17ae19f3b0d380eedb239079c7a7d40109c01448 Twenty people were arrested outside a Donald Trump rally in California last night, amid the worst violence since last month's cancellation of a campaign stop in Chicago. Hundreds of protesters blocked traffic surrounding the rally south of Los Angeles. (NBC News) As Donald Trump moves closer to clinching the Republican presidential nomination, he https://click.response.cnbc.com/?qs=0d114ce6d40fa33ea1d257eb021ea14cf3d241684e4980398e755ee3f7dda47ccea375de141529c0 offered lavish praise for Bernie Sanders, who faces increasingly slim chances in his battle with Hillary Clinton in the Democratic race. (Reuters)BY THE NUMBERS The Friday economic calendar is jampacked, including the Fed's preferred inflation measure, the PCE deflator, at 8:30 a.m. ET along with personal income and spending data; the Chicago purchasing managers index for April at 9:45 a.m. ET; and the University of Michigan's final April consumer sentiment index at 10 a.m. ET.Dallas Fed President Robert Kaplan, https://click.response.cnbc.com/?qs=0d114ce6d40fa33e7a8640b4efea9fc6771090972dedab4f4bb0110f9758e4cc9057d933610a2ecf speaking in London today , pledged to push for gradual increases in interest rates, as long as inflation continues to rise and the U.S. economy remains near full employment.The euro zone showed a https://click.response.cnbc.com/?qs=fdd7690b7616be0d00e19072e56464e68814eed11b6661816b13e7be289acf2453f400c02f920e1d mixed picture of economic health today, with solid growth and falling unemployment, but consumer prices yet again dipping into deflation territory.STOCKS TO WATCH Amgen (AMGN) came in 30 cents above estimates, earning an adjusted $2.90 per share, with revenue also above expectations. The biotech giant also raised its 2016 outlook, as best-selling drugs like its rheumatoid arthritis treatment Enbrel continue to sell well.Gilead Sciences (GILD) fell 12 cents short of expectations with quarterly earnings of an adjusted $3.03 per share, and its revenue missing forecasts as well. Pricing pressure in the hepatitis C market was among the factors weighing on Gilead's results.LinkedIn (LNKD) reported adjusted quarterly profit of 74 cents per share, 14 cents above estimates, with revenue also soaring past forecasts. The business social network boosted full-year outlook, in contrast to the disappointing guidance in February, which cut the stock nearly in half.Pandora Media (P) lost a smaller-than-expected 20 cents per share on an adjusted basis, smaller than the 31 cent loss expected by analysts. The online radio service also gave a better than expected full year revenue forecast based on rising ad sales.Baidu (BIDU) saw both its quarterly earnings and revenue fall below analyst expectations, but the China-based search engine gave a better than expected revenue forecast for the current quarter, as advertisers spend more money to be seen in Baidu searches.Outerwall (OUTR) reported adjusted quarterly profit of $2.44 per share, well above estimates of $1.33, with revenue also well above expectations. The company also raised full-year guidance, with results from its Coinstar unit making up for declines in movie rentals at Outerwall's Redbox.Expedia (EXPE) gave investors a surprise with adjusted quarterly profit of 9 cents per share. Forecasts had expected the travel services website operator to post a loss of 6 cents per share, but bookings for hotels were better than expected. WATERCOOLER Leicester City Football Club, https://click.response.cnbc.com/?qs=fdd7690b7616be0ddd44c1d5b5f1ef43c8245eb2c99768b064981776c563fbc942afb4b9858b82a0 a 5,000-to-one long-shot , is on the verge of winning one of the most coveted titles in the world of soccer: the English Premier League. Powerhouse Chelsea, who won last year, were ninth in the table ahead of the weekend. (CNBC) https://click.response.cnbc.com/?qs=fdd7690b7616be0d4f7bc8721568c7554e0c55e9aca9c3dca9bcbf15145d27abcff1189ca94ad687 One of the most bizarre stories in NFL Draft history was unfolding in real time last night, as former Ole Miss left tackle Laremy Tunsil's social media accounts were turning his evening into a nightmare and costing him millions of dollars. (NBC Sports) CONTRIBUTORS https://click.response.cnbc.com/?qs=fdd7690b7616be0d8c21636705c1623c149a1c23b6df99d53620ec13b0efa33ef189aa364e8ed902 https://click.response.cnbc.com/?qs=fdd7690b7616be0d8c21636705c1623c149a1c23b6df99d53620ec13b0efa33ef189aa364e8ed902 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=fdd7690b7616be0ddf84ede5901a1a014882a0e2a559c0dcd83f538e77cb97b5e9bdcdbb6389aa3c @Matt_Belvedere https://click.response.cnbc.com/?qs=fdd7690b7616be0df62d5f56124b76e2f1511fc9eb0ba064f77d054748e8d7173e5401ca7396e31c https://click.response.cnbc.com/?qs=fdd7690b7616be0df62d5f56124b76e2f1511fc9eb0ba064f77d054748e8d7173e5401ca7396e31c Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=fdd7690b7616be0dbb2e48323bcc56a126e7442ed5c11c588cd2740475c1b4cfefaee404f6934506 @peterschack https://click.response.cnbc.com/?qs=fdd7690b7616be0db63f226637e14b024849cd78fbfefd9aa532b5f2da5c8cdc7f502263ed648096 https://click.response.cnbc.com/?qs=fdd7690b7616be0db63f226637e14b024849cd78fbfefd9aa532b5f2da5c8cdc7f502263ed648096 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=fdd7690b7616be0d213a81060045554e726cbe07f45142b5f4f503bc5bb54aa0c7a212936ab928a5 our simple form to let us know what you think. 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