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=f59faf1a770394fd5848ddd0b2112ebeccad5d3f2279c12c41e71975893fa142e4ecc1b6b768177dCNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=f59faf1a770394fd5848ddd0b2112ebeccad5d3f2279c12c41e71975893fa142e4ecc1b6b768177d here. https://click.response.cnbc.com/?qs=f59faf1a770394fde237783c744ea786db69ba79fec72fbc02ae9c8926ce01bf48b457d7182708c6 https://click.response.cnbc.com/?qs=f59faf1a770394fd656a303d069768ffccf9edb54f92fab8e86c9bd8e968210d9e9218433021e559 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=f59faf1a770394fdf6ccb024410a647a2a11cc4a97e83f5f842ee8588cf18ca395b8307d8df67475 were higher this morning, while oil prices were lower. U.S. crude surged nearly 8 percent last week. But stocks suffered their worst week since February, as investors look ahead to earnings season. Stocks in Europe and Asia today were mixed. (CNBC)President Barack Obama https://click.response.cnbc.com/?qs=eab2e9c129bc3b8ac62e6f9e4fd97628d3941865de8ba105492914ba7ad4682e2ea570f8623f20f4 is expected to meet today with Fed Chair Janet Yellen to discuss the economy and Wall Street reform. The meeting comes as U.S. central bankers grapple with whether to hike interest rates again, after increasing them in December. (Reuters)Meanwhile, two Fed officials make public appearances today. New York Fed President Bill Dudley speaks in New York this morning just before the Wall Street open, while Dallas Fed President Rob Kaplan delivers a lunchtime address in Louisiana.Negative interest rates, adopted in Japan and Europe, https://click.response.cnbc.com/?qs=eab2e9c129bc3b8ab4dfde3a5e4a402c1c81a628c204b0da4526b1cc73804faecb4e342c73655d10 have helped boost demand and supported stable prices by supplementing conventional monetary stimulus, according to the International Monetary Fund in a new report. (Reuters)BlackRock chief Larry Fink, head of the world's largest asset management group, https://click.response.cnbc.com/?qs=eab2e9c129bc3b8ae7d3550cd17e07f1b7454ac4d4e8cdecec972ff6b53f7f927064d93710cfdb5d takes the opposite view , warning negative rates risk hitting consumer spending and undermining the economic growth they're intended to encourage. (FT) https://click.response.cnbc.com/?qs=eab2e9c129bc3b8a55db6655a44036a7fc22dc09277526a885c9b094fab2fd268b4e0dc9148b3a68 https://click.response.cnbc.com/?qs=eab2e9c129bc3b8a811f36d2e162a1413a3ac31b73100ceaa50a73cbac552dff5bd548bd2b3cf0ad https://click.response.cnbc.com/?qs=eab2e9c129bc3b8ab837b3653d76142158457a886a18b7d483bb3695cb4fc7e185bf2ee806fb0794 The parent company of the Daily Mail https://click.response.cnbc.com/?qs=eab2e9c129bc3b8a0e66b852169b0caa14b0046510ccebde3e3ce903234148199bf9208c14faee21 is reportedly in talks with private equity firms about a possible bid for Yahoo (YHOO). The U.K. conglomerate is said to be one of about 40 companies expressing interest in the struggling Internet firm. (WSJ)After two years of heavy legal and financial consequences, General Motors (GM) https://click.response.cnbc.com/?qs=eab2e9c129bc3b8ad65416e440a9795f75560931f813ae6e52c7338c7565d3203b7006b123964692 has started to win lawsuits related to the gravest safety crisis in its history, the recall of 2.6 million small cars with faulty ignition switches. (NY Times)The terrorists who struck Brussels last month https://click.response.cnbc.com/?qs=eab2e9c129bc3b8a4cb1601ae2087d9955f779981503feaa54ee9a0037f80727647e72b85e0d4be3 initially planned to launch a second assault in France. But the perpetrators, feeling the "speed of the progress" by authorities, decided to rush an attack on the Belgian capital instead. (AP)CIA Director John Brennan told NBC News the agency https://click.response.cnbc.com/?qs=eab2e9c129bc3b8abf9abebc625dec0c7bc4d4a279ea7686f23ef63541c066995db7e16c54d52ba0 would not engage in "enhanced interrogation" practices, including waterboarding, even if ordered to by a future president. GOP front-runner Donald Trump has said if elected, he'd authorize the use of the harsh techniques.Paul Manafort, who just assumed an expanded role in Trump's campaign, https://click.response.cnbc.com/?qs=74a4dc648da6bff13ef1485a7db5b2ad466f84d02bacc9d922840ec8639b7cd4fb6b83c92cd691d9 raised questions about the "gestapo tactics" of GOP presidential rival Ted Cruz. Manafort told "Meet the Press" the Cruz campaign is not playing by the rules to secure delegates. (NBC News)In a stark warning for Trump as he looks to a possible general election showdown with Hillary Clinton, Americans trust the Democratic front-runner more on issues from immigration to nominating Supreme Court justices. That's according to a https://click.response.cnbc.com/?qs=74a4dc648da6bff1e533c73f21c966e8f0cfd1e27aefdff0297b503f0bf9c1d760b9c367061e85e2 new Associated Press-GfK poll .The departure of hedge fund manager David Tepper https://click.response.cnbc.com/?qs=74a4dc648da6bff1cd0e4d718001e3221093b6f23f1b27969d6ab7f218a20d6d06a89bf620e858e1 from New Jersey to Florida has spurred Garden State lawmakers to call for a change in the state's tax structure. Meanwhile, a key legislative forecaster raised concerns over revenue uncertainty. (AP)BY THE NUMBERS There are no major profit reports out this morning, but Alcoa (AA), often viewed as the start of earnings season, is out with its quarterly numbers after the closing bell this afternoon. In the coming week, the major banks — JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C)— report earnings, and engage in the quarterly game of trying to beat the lowered bar. S&P 500 earnings are expected to decline for the third quarter in row. In advance of the busy summer driving season, gasoline prices https://click.response.cnbc.com/?qs=74a4dc648da6bff14fb7aa893ff7b338d593e9c23d9bde827f355b34cd90de45cc1ffa31571f984c gained 8 cents to around $2.10 per gallon in the past three weeks, according to the latest Lundberg survey. STOCKS TO WATCH United Continental (UAL) is forecasting a decline of up to 7.75 percent in its revenue per available passenger seat mile, hurt by a strong dollar and a decline in travel by customers whose businesses were impacted by lower oil prices. SAP (SAP) said first-quarter results for the business software maker would be weaker than expected, on a slower pace of sales of software licenses to corporate customers. Seagate Technology (STX) got a positive mention in Barron's, which said the hard disk drive maker's 7.6 percent yield is enticing and that it would benefit from increased demand for large drives used in data centers. Toll Brothers (TOL) could climb to $40 per share or more from Friday's close near $29, according to Barron's, which points to the home builder's successful expansion into the New York City luxury condominium market. General Electric (GE) is planning an initial public offering for its Czech banking business, according to the Financial Times. GE would retain a significant minority stake in the unit. McDonald's (MCD) has put its Korean unit up for sale and hired Morgan Stanley to seek out potential buyers, according to a Korean newspaper. The fast food giant also put its Japanese unit up for sale last year. WATERCOOLER American Jordan Spieth https://click.response.cnbc.com/?qs=74a4dc648da6bff1ff942df997a9b483b13583f27fed9138dc4fb19779836a0864b3e0ebe2ab09d8 self-destructed on the back nine to gift the Masters to Danny Willett, the Englishman's first major victory. Gasps of disbelief rumbled around Amen Corner Sunday as defending champion Spieth, dropped six shots during a three-hole stretch. (Reuters)Melissa McCarthy's star power lifted "The Boss" to a https://click.response.cnbc.com/?qs=74a4dc648da6bff1f50407f6b90cb35f3b584e45f4961eae2e539d3cb828a0721fd8e00229a62d60 $23.5 million debut weekend, despite bad reviews and rough word-of-mouth. The R-rated comedy narrowly toppled "Batman v Superman: Dawn of Justice." (Variety) CONTRIBUTORS https://click.response.cnbc.com/?qs=74a4dc648da6bff14600c783e45197f940e77415a1c5bdf3f0af7cd7d487311a58a831fb1d35e05d https://click.response.cnbc.com/?qs=74a4dc648da6bff14600c783e45197f940e77415a1c5bdf3f0af7cd7d487311a58a831fb1d35e05d Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=74a4dc648da6bff1f1bab0d5fa3ae451aa0686ed181f0a54080b8fabd2b5efaaecf487c2d3f3ce23 @Matt_Belvedere https://click.response.cnbc.com/?qs=74a4dc648da6bff1061864bbf202f51fb4b719be8db4072808bdc4630582f8bb529130a7156ee2fc https://click.response.cnbc.com/?qs=74a4dc648da6bff1061864bbf202f51fb4b719be8db4072808bdc4630582f8bb529130a7156ee2fc Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=74a4dc648da6bff1a44d0fdad79d1b839549c267b7d34cfce819352199467aa078dddc01a300f8e4 @peterschack https://click.response.cnbc.com/?qs=60886e67ccc070452ad1b66a4942ed5ce53eef7df36b8bf9732867ce2774559259840949984fe758 https://click.response.cnbc.com/?qs=60886e67ccc070452ad1b66a4942ed5ce53eef7df36b8bf9732867ce2774559259840949984fe758 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=60886e67ccc07045d0ecdefe65d8d1e8831887931add2a4f168125b2382bcdfe089d1ba490b66261 our simple form to let us know what you think. 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