Since may. Nasdaq is down for six out of the last eight sessions. Youre talking about elevated levels for all of these indices. The nasdaq is still above 6,000. Dow is at 21,320 again, you can see things actually picking up as we sit here talking about it. Dow futures indicated up by 8 points keep talking. Here are the big stories were watching the manager of the worlds Biggest Hedge Fund sounding off on Monetary Policy ray dalio says the actions of Global Central Bankers suggests the low rate cycle is ending soon he said our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves you remember the last time somebody talked about dancing. That bugs me. Dalio said he was less concerned about a debt bubble because of Balance Sheet deleveraging. The department of Homeland Security and fbi says hackers are targeting Nuclear Power stayings and other Energy Facilities the attacks have targeted people who have direct access to Critical Systems that could cause explosions or spills of dangerous material officials said there was no indication of a threat to Public Safety as potential impact appeared to be limited to administrative and Business Networks not operating systems Berkshire Hathaway saying it will purchase oncor electric company. The deal puts oncors equity value at 11 11. 3 billion. Berkshire hathaway has agreed to buy reorganized future Energy Holdings corp for 9 billion in cash, oncors parent i dont know if this deal will go through its the dollar figure were still trying to figure out 9 billion, is it 17. 5 billion it was a bankrupt we said 11. 9. Was that we just said 9 he paid 9 but made the value 11. 9 is this energy guy taking over for buffett thats my questions greg abel is who i would cant you call and ask . They wont say. Ask warren . No. Have you asked him . Y i askes, i asked him off c on camera. Have you asked him today . Youre supposedly here because of the jobs report i dont know why im here you did the longread which didnt want to do which is torturous for myself and viewers. The same as when i do it at least you make fun of your inability. Other people are choosing the three dig stobig stories and wr it i dont want to own it a lot of times. You would rather ad lib it this morning this, i want to this im im reading this in advance. I dont understand whats going on here. Not the first story. First story is interesting stocks to watch, siemens is setting up a task force to investigate reports that some of the turbines that it had delivered to crimea for use in russianbuilt power plants could be a violation of eu sanctions against russia thats interesting the report says it is unclear whether siemens knew about the delivery if a third party bought the turbines and sold them to russia the company could be accused of indirect sanctions busting this one i dont get tesla is building the Worlds Largest lithium ion battery pla plant. Elon musk says if the plant is not completed within 100 days, its free. Free to who you wont charge australia anything maybe they got some big tax credits. Tesla has other problems. Just the volvo news has people thinking, wow, theres other Car Companies in the world because that will do electric cars. Tesla stock slipped yesterday. Mondelez, that name is still around says a recent a recent cyberattack will cut in growth there will be a 3 slice off of its Revenue Growth rate for the quarter. The attack happened in late june it hampered the companys ability to ship and invoice during the last four days of the Second Quarter multiple companies around the world reported being attacked on that same day. This is the first time i recall hearing a Company Actually lowering guidance as a result of a cyberattack. You can understand it happened in the last few days, but theyre saying theyll take onetime charges in the second and third quarters so its not like the shipments got back up and running and they got them back out this tells you how severe these cyberattacks are it does give the ceo another way out. We were hacked yeah everything i did in managing the company was right. Until we were hacked now well miss our numbers yeah. They got a lot of others, weather is always good rain. Shake shack and rain often entire First Quarter gdp every year based on some statistical noise weather, inventory, you always have an excuse. Thats like government work, you can write off anything you want President Trump active on twitter early this morning he tweeted i look forward to all meetings today with World Leaders including my meeting with Vladimir Putin. Much to discuss. The president will be sitting down with nearly a dozen leaders at the summit today. That Putin Meeting is one that weve been watching and waiting to hear so much about. Eamon javers is there in germany. He has more on all of this good morning good morning, becky so much attention and speculation about that trump Putin Meeting later on today. The president did wake up this morning in hamburg and began tweeding ill read you another tweed tt s morning. Hes been saying i wil represent our country well and fight for its interests. Fake news media will never cover me accurately but who cares, we will make America Great again. We have seen all of the World Leaders here gathered at the g20 getting together we saw Vladimir Putin and President Trump in the same room together along with all of the rest of the leaders. We saw ang pela merkel greeting the World Leaders as they walk into the venue this morning. So we are officially underway here in hamburg for the g20. The event so far has been marred by protests. We saw the socalled welcome to hell protests yesterday here in hamburg. The epicenter of that was all here where im standing near the waterfront near where the media hotels are ultimately we saw some violence last night, water cannons. This morning that has continued including the burning of some cars lets give you some of the facts. Calm where we are, elsewhere were told theres been numerous items including vehicles set on fire, signs torn down, fireworks and bottles thrown at police officers, some officers have been injured yesterday two federal Police Vehicles have been damaged this is the scary one. A Police Helicopter was attacked with a rocket flair projectile that barely missed the helicopter that could be seriously dangerous if the protesters continue with that behavior. Theres helicopters all over the city providing security and surveillance if we see that again today that could be concerning. Protesters have repeatedly blocked the streets near the n venue where theyre Holding Events today weve seen this back and forth tussle between police and protesters the protesters trying to hold intersections, make their voices heard. Police cant to clear the tur ro fair thoroughfares and allow traffic to get through well see that sen shun continue throughout the day and heat up as the afternoon goes on its just noon here in hamburg so the crowds may start to build. Eamon, i dont think youll have a monitor ill show this, keep your eye out for a particularly tall protester, maybe hell be wearing a mask im not sure this is the cover of the post. Deblasio, the mayor of new york. The day after this tragic, horrific incident where this policewoman was shot, hes jetting off to protest the g20 join the protesters. What is wrong with this man . Will you can you do you have any insight this is the mayor this city deserves i dont if youre going to take new york, home of the new york times, Mainstream Media, this is the mayor this city deserves. I think. But keep an eye out for him. He may be wearing one of those masks, im not sure. Well look. The masks are illegal here in germany. You cant wear those while protesting what is wrong with this man i have no insight into that okay. I will keep an eye out for him if we see him over here. We did see some protesters yesterday. Some of them jostled us on air yesterday a bit during our live coverage for the most part it was peaceful some bottle throwing, flares, smoke bombs, and those flash bombs can be unnerving when youre out here. The difference between covering protests here and back in the states is that we dont see guns on the street here you dont have to worry about protesters being armed particularly thats a bit reassuring when youre out here. Hell win in a landslide reelection. Deblasio. Blah, blah, blah. Do you live here i dont live in the city. Phil, i cant grill you did you vote for him the first time i dont live in the city. Did you campaign for him . No. A local starbucks a little booth . No. No all right eamon, i dont you know, you think its because he has nationals a perration s a peasp . Maybe this is try r goiis going top in the current state of the democratic party, maybe it will help then i thought trump was ant antiglobalization are they sort of trump has toned down a lot of that hes been open about trying no, no, the two ends meet the far right time and space. Theyre altogether on the antiglobalization lets check on the futures. Theyre up a bit kind of an ugly session yesterday for most of the averages rotation out of technology again today, wait and see. The dow is up 9. Nasdaq up 5. S p up a little over 2 europe, which is where all the action is taking place geopolitically today, fractionally lower the ftse up 0. 2 in asia, not a whole lot of action today third of a point loss in japan hang seng up a half. Down a half. Oil, well talk to kilduff i was fascinated by the president s speech yesterday in terms of an alternative Energy Program i can get behind offering an alternative Energy Source to poland and some countries in Central Europe other than russia. Thats a different use of the word natural gas us exporting lng its expensive but still you can get lng over there for less than what theyre paying russia. Also if they had a source to not get cut off, it would give them in 09 it was winter and they got cut off we had senator heidi heigkamp here she has gotten into discussions with senators, fellow senators from other places who said this is the equivalent of us telling you you cant export your corn the idea they cant export natural gas or oil that these are their crops essentially. As a result thats why Natural Gas Prices she thinks are so low. Is it an environmental thing they cant get the ports to do the export a lot of pipeline to get things there in boston they were doing a port up. There. I think theyre talking about one down in the gulf of mexico at this point. But it takes time to build these things you have permitting to get through. Shes a democrat kind of one of the good ones we have a lot of natural gas in the country. Exporting it could be a good deal oil prices, i think that contract flipped yesterday oil prices up, today its down. Its the august contract liesman i found a third reason why youre here because of this putin stuff. You can bring us an insight you lived in moscow during your indoctrination for how long . Can i answer the first parts of that question i was there from 92 to 98. I confirmed my adoration of capitalism there when i saw how badly communism worked in europe you would be considered a capitalist. Far right ill grant you that the reason i asked you, so putin, hes playing games already right now. Did you see the most toothless condemnation of north korea couldnt pass in the u. N did you see why russia said they vetoed that . Because were not really sure it was an icbm. Youre calling it an icbm. It seemed to go high enough, but we dont want to classify it as that since we cant classify it as that, we wont let this that was the day before trumps meeting with him he loves to doesnt he . Hes a crafty, tricky hes clever, he thinks tactically more than h strategically. He doesnt have a broad longterm vision but hes good at executing the small nearterm chess moves. How pod was he yesterday listening to trump talk about to his speech in poland i dont think hes pod in either way bfrnlgt supp about supplying them snfrn he doesnt get mad, he gets even he has a good Foreign Ministry that plays the nearterm game you know some of those guysiguys, right . I knew some of them i was joking. I was with the russian delegation, i walked up to the foreign minister in the russian hotel, i said to him, the real question is this, and i was asking him a question. He looked at me, and he said, no, no, no the real question is what the bleep are you doing here he did not get the memo. I did walk up to the foreign minister and tell him a story. When youre Walking Around with those guys in a chinese hotel. Dont you look russian like the rest of them to me you do at times. The question, joe is not how do you say no niet. The other russian that you speak. You have done it before. I have. You could pass for a rusky. Is that okay the question is not that, the question is do you drink like a russian. For more on the markets, lets bring in mark hamrick and kathy jones. I will turn to kathy, kathy i went on vacation, i had the whole thing under control. The tenyear at 2. 14 i come back, what have you guys done whats happened you can thank mario draghi. Its mario. Okay thats a big contributing factor a number of fed officials are also talking about starting to taper the bond portfolio here in the u. S. But i think a lot of it was kicked off in europe when we heard mario draghi go from whatever it takes to, well, you know, things are looking better so rates can move up is the bond market starting to buy in a bit of the inflation low inflation story is a temporary story i think the view is weve gone from this worry about deflation to now the reflation we kept veering back and forth mark, lets do the wrap up here or the curtain raiser on the jobs report. Looking for a bit weaker longterm trend but bouncing back from the prior month. Thats right. Thank you. Its worth noting so far in 2017 weve been running below the levels we saw last year. And we are remembering the fact the recovery began eight years ago. So its a mature recovery. We know the saying recoveries dont die of old age but also they dont live forever. Theres a combination of things going on, contributing to the lack of more substantial payroll growth some jobs are harder to fill we are probably getting close to the end of the recovery. We just dont know when that will be. I dont think anyone thinks theres a recession on the horizon. Were looking at a 1174 average and 4. 3. What are your numbers . I think the overall theme is you have to drink the cool akoo to think we get above 200,000 jobs a month, and i think modest but not spectacular is the new normal i wouldnt be surprised if were close to last month with an undershoot perhaps we bound back a bit. Were looking for this Second Quarter to be a little stronger than the first i think this probably will reflect that as we close the books on the jobs report kathy, if the number comes in as expected, what does this do to the outlook for fed policy . I think they can continue, depending on wage growth they can continue to move forward with talk about maybe another rate hike this year, and probably two next year and talk about working on reducing the Balance Sheet later this year. September you know, depends if they want to start with the Balance Sheet in september, then i think theyll probably announce something at the end of the summer and begin in the Fourth Quarter another rate hike either september or december is possible i have a higher number for this. What do you have . Are you drinking koolaide no, the may number was held down by the calendar effect. Well get a rebound this month. I dont employee if i want to know if i want to reveal my number, but according to mark i am drinking the koolaide. New data shows rising demand for oil, but that waefrsnt the problem, it was a ramp up in production by the u. S. And opec. John kilduff will join us next are you ok . What happened . Dad kinda walked into my swing. Huh . 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