Tech stocks are recovering and lending support to the market
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=e3b8863bceca8a39be8f42881db2a3b14e3867e55eff3c95d258aa335480a122b3097d29dc286a6232e5b2d8fe5184e1988196d71dc9ce1e48adc422db39de47CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=e3b8863bceca8a39be8f42881db2a3b14e3867e55eff3c95d258aa335480a122b3097d29dc286a6232e5b2d8fe5184e1988196d71dc9ce1e48adc422db39de47 here. https://click.response.cnbc.com/?qs=fa72c16de13a730a85647c7d87c266faac8acc95af125e3bce6b12b28cd1aa459f8490a86c4008b0fc4ad52ef539b0ce2c9d494acdcbddf3 https://click.response.cnbc.com/?qs=fa72c16de13a730a84265380bbeff2b7db020cd12152164b06ed1162698f074068aeacd2b435e1fce961bafda1ddd20f8258d07abf219bc1 BY THE NUMBERS U.S. stock futures https://click.response.cnbc.com/?qs=fa72c16de13a730a317641fd5de699318ecacbd4d115b3b81a5c41527a5b358a96d51857008f3056a14d240203bdf2fb9592ca1a2633ee38 were steady this morning after the Dow and S&P 500 closed at record highs on Monday. The Nasdaq soared 1.4 percent to start the week, making back some recent losses. (CNBC)Treasury Secretary Steve Mnuchin https://click.response.cnbc.com/?qs=fa72c16de13a730aa8f20e8e031c7136b19fb76336f4ef0d1523254224a1a853d326e8773b0569d321cdb90a44ea59199945857e063999fd predicted that "massive tax reform" that includes both cuts and changes to the system will get finished this year. (CNBC) https://click.response.cnbc.com/?qs=fa72c16de13a730a3193b1c2d0bd52bc8f38d611e5d048b68f592eae4ae6b07dced6cc2faeb35ea5dfa0bb6d4eb9805a0e16a8984e5ea728 Oil was falling sharply again this morning, back to levels seen in the week following the president election. OPEC supplies jumped in May as output recovered in Libya and Nigeria, two countries exempt from the international production cut agreement. (Reuters)The central bank may want to wait until the end of the year to decide whether to raise interest rates again, https://click.response.cnbc.com/?qs=fa72c16de13a730a579cdc35ac88ed46ec47047455ba02cbd2da59af2e084faaf411d7729587223dcf25a2e13e9f5d9d4b287b78cba12395 said Chicago Fed President Charles Evans late Monday. Evans appears on CNBC at 10:40 a.m. ET this morning. (Reuters) * https://click.response.cnbc.com/?qs=fa72c16de13a730acf73ab220f38c4fac6b62bb6b101f2c2570c1d66e22806d109e20d4fb55d503104eca38bcc9f9cf45b040dc5e0873014 Fed's Vice Chair Fischer: More needs to be done to prevent future crises (Reuters) * https://click.response.cnbc.com/?qs=fa72c16de13a730adecfdd25a111708f08a505068532158cdd9d6f42aaf96c53a55e244a3041a8de41f2cc456c827ab1dbb7860a992dd917 Boston Fed President Eric Rosengren speaks at 8:15 a.m. ET (Fed) * https://click.response.cnbc.com/?qs=fa72c16de13a730a9b26e7b99e4211588861e909247f85f34083f1d56c2fd9c71c238fb003b8d7225fb1cf6796f371dec9cf874e9265e085 Dallas Fed President Robert Kaplan speaks at 3 p.m. ET (Fed)Although many investors are still uneasy about the state of the global economy, Goldman Sachs Chairman and CEO Lloyd Blankfein said https://click.response.cnbc.com/?qs=fa72c16de13a730aefa2332ea985a6d4e95899548d265bbc5564bf339081a0671b8a1664f42a5fa35dc7dd0bd123d6b33be2fa05685a492b things actually seem to be looking up. (CNBC) * https://click.response.cnbc.com/?qs=fa72c16de13a730ae82ce6a8659e4102ddba0b0403de195248d87d995e1542389de1d6c555ff69266444e2d511143a716a43c28c2666a361 Blankfein says it could take another year to recover (CNBC) * https://click.response.cnbc.com/?qs=fa72c16de13a730a40e3bdf08fd7353293f274a5db55ee45130672043a582d2bd6008fb6f133e92d3465ee2c7d958245e10f7b1cb5f085bf Blankfein reveals why he started tweeting (CNBC)With https://click.response.cnbc.com/?qs=fa72c16de13a730a7bf7ee05d87a0e3a6a999c292c81864d300175bf372a90a935c50dcd2b5a6c556a01174893b57334b98869c757fd052e international trade as one of the top issues of the Trump agenda, the current account balance is out at 8:30 a.m. ET. Forecasts point to a deficit of $122.3 billion in the first quarter. (CNBC)Homebuilder Lennar (LEN) this morning reported adjusted quarterly earnings and revenue that https://click.response.cnbc.com/?qs=fa72c16de13a730a1879c5cbc412b1881a3025f0470c03a24bd9b2883a0c4a45f170dd9abbe18b97fcf3cb7c870d732146610ea42c6c421b beat expectations. Lennar shares were sharply higher in premarket trading. (Reuters) * https://click.response.cnbc.com/?qs=fa72c16de13a730af2831bad42fe078efa890878fc09b37c858bcbda7f1fbb0dde09496d86f2661ac392914506bd60f52cc77c77e0b31c38 Adobe (ADBE), FedEx (FDX) among the after-the-bell earnings (CNBC) https://click.response.cnbc.com/?qs=fa72c16de13a730a5559e41729c74bd103712ec0907ff94de28cd6c21f62808772c2025d55a8692f83d3e3dcd5a2ef2d7afdc7f2b8267c4f https://click.response.cnbc.com/?qs=fa72c16de13a730a123269142fab083c59adba42bcb0bbfebb64df371ccdd7c58b7e47b1319a3f32605f8cd5988bbf8a80b8b39e5fac96c4 https://click.response.cnbc.com/?qs=fa72c16de13a730a107e610868f84fd2e1ec3d4c9c5d4e9083b133faa8a6c008035371877f70df1f42dbf122139a34e67ec018ef180ab7cd IN THE NEWS TODAY House Speaker Paul Ryan, in a speech today, https://click.response.cnbc.com/?qs=fa72c16de13a730a1c79dd9c7f22408fcc23b0a6433fea3c182849245c285b30a32423fb4155837154b792ca3cb05547cdcfbaab97e349a4 is expected to vow to complete tax reform in 2017, saying President Donald Trump and Republicans in Congress cannot let the chance slip. (CNBC) * https://click.response.cnbc.com/?qs=fa72c16de13a730a90130172f48c56bd6d5265de17136ef07f45f0d77e5b65c659deda471a368c82ad89766db8517dc25247c21b578b16a6 Republicans prepare for a health-care vote next week (NBC News) * https://click.response.cnbc.com/?qs=fa72c16de13a730a39b0338b8e1bdb1d740b15e0c7595686d3b58759e06c8033750235feba48d825bb9bcb9cd447e291e319f2448652889c Democrats will try to run out the clock on GOP health bill (NY Times) https://click.response.cnbc.com/?qs=fa72c16de13a730a5dae884d7e4c15c76df5f45a214c7865aa571b68445de4a01f623049f0201e79e2a4ae2a780e6c5118b31b24f44924af Voters go to the polls today in the House special election in Georgia, a race viewed as the most significant proxy contest between the parties since Trump took office. South Carolina also votes in a House contest. (WSJ)Despite campaign trail animosity toward Amazon CEO Jeff Bezos, the Trump administration https://click.response.cnbc.com/?qs=fa72c16de13a730ae6f935a0b1368efccc2db5be69152cbfdafd726687ac4e671224f8533e9d20910bb4c779c3ceeb847dda6f8a3d5d21db won't likely seek an antitrust case to block Amazon's deal to buy Whole Foods, two antitrust law experts said. (CNBC) * https://click.response.cnbc.com/?qs=fa72c16de13a730ab0ae257c194506e0ed2c90345216a7d76c2131075927341206806b35c5e6536835678e604bff5944ac623791d41f59c0 Whole Foods CEO hints at another brand under Amazon (Reuters) * https://click.response.cnbc.com/?qs=fa72c16de13a730a9d4a6abbb397e5c5893355f51d02295baece7b53032b80dba0f4be4d8043978e21c2e6fad630a53b7a394c8443db1c86 Amazon CEO Jeff Bezos may be single-handedly killing inflation (CNBC)Britain's Serious Fraud Office https://click.response.cnbc.com/?qs=fa72c16de13a730aca05ac415535f03fa16402242f3325222f77282b6fa572e96e10c0adb7cb2d4154795a2a54d152ef34c26828c463174b has charged Barclays, its former CEO, and three other ex-senior executives with fraud over the bank's dealings with Qatar at the height of the financial crisis. (FT)Tesla (TSLA) declined comment on a https://click.response.cnbc.com/?qs=fa72c16de13a730a3af1ecbede5c1a52d2e6b2a993179f1764f628a88f4ac0c5c1f5a7805ec595feaaa88b2a2ad0eee971af0df173841ee6 new NTSB report , which said a man killed in a crash last year while using Tesla's autopilot ignored warnings not to keep his hands off the wheel for extended periods of time. (Reuters)Boeing's (BA) https://click.response.cnbc.com/?qs=fa72c16de13a730ab05f7e4c7e2237956d0233154a22d2de1ef5837bbeec37c8f7d94d5cb3ca92fa13de2e691409e925c125c16cdecd8e11 new forecast predicts the world will need 41,039 new airplanes, worth more than $6 trillion, over the next 20 years. That's 3.6 percent increase over the company's forecast from last year. (CNBC)STOCKS TO WATCH Drug research firm Parexel (PRXL) is being bought by private equity firm Pamplona Capital for $4.6 billion. Parexel shares were soaring 8 percent in the premarket.Novartis (NVS) said its experimental macular degeneration drug was equally effective as Regeneron's (REGN) rival drug Eylea with less frequent dosing. Regeneron shares were under pressure.Nestle (NSRGY) bought a minority stake in U.S.-based Freshly, which makes direct-to-consumer prepared meals. Nestle did not specify the amount of its investment. CONTRIBUTORS https://click.response.cnbc.com/?qs=fa72c16de13a730a949db24cf588fffdd4cf00796085a52df3c8af9051c3cc18e6b10c45c24f27fead29c47a1bfc7301c2649c69d7079a1e https://click.response.cnbc.com/?qs=fa72c16de13a730a949db24cf588fffdd4cf00796085a52df3c8af9051c3cc18e6b10c45c24f27fead29c47a1bfc7301c2649c69d7079a1e Matthew J. 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