Good morning to you from me as well throwback thursday. Were throwing it back for the best anthems for pride month lets check in on the global markets. Showing you whats happening with futures after mixed ending to yesterdays session the nasdaq rose about 0. P the dow and s p finished lower. Biotech has been strong lately well talk about that. It was a big turnaround from where we stood this time yesterday. The nasdaq was down about a half percent and ended up three quarters of a percent. The futures were not a tell for the session. Nasdaq futures higher. Nasdaq down 1, s p down 3. Not a lot of movement this morning. Oil prices front and center. Those low prices a drag on Energy Stocks for sure also keeping yields lower. Wti, 42. 44, down about 0. 2 . Brent crude below 45 a barrel nat gas higher this morning. That meant energy was the worst performing sector but only just beating banks in terms of the underperformance. Energy down 1. 6 banks down over 1 focus on them again today ahead of the stress test results asian equities at this hour, mixed performance. China had a tough day down about a third of a percent the shin zen com shenzhen comp. European trade is soft across the board today. Oil prices falling yesterday down about 0. 6 for france and the uk germany outperforming. Only down 0. 3 the Broader Market picture. Treasuries this morning. Mentioned lower yields 2. 14 on the tenyear yield buying of treasuries the bond market is not buying the inflation story the fed is trying to tell its oil and commodities across the board. Kit juckes of socgen pointing out cocoa futures are at a low as well. Theres the ten were yield ever lower. As for the u. S. Dollar, the dollar yen reversed after this time this morning. It was higher yesterday. That fueled better tone. Its weaker against the japanese yen. Dollar is weaker against the euro as well the pound is weaker against the dollar at 1. 26. 66. Having gotten an interesting intersb int intraday bounce yesterday. Gold prices quickly, lets show you whats happening there. Usually in the reverse of the dollar higher this morning by about whatever percent shares of staples are surging on reports that the Office Supply chain is in talks with Sycamore Partners to go private. A deal could be worth 6 billion. It would come a year after a u. S. Judge blocked a merger between staples and office depot. Sycamore won the deal in an auction. Oracle shares are popping after earnings blew past expectations total cloud revenue soaring more than 58 the company also offering an upbeat forecast for the current quarter. Dont miss mark hurd on squawk ali. Takata will file for bankruptcy in japan on monday. The Company Faces billions in liabilities stemming from the biggest recall in automotive history. Shares traded for the first time in nearly a week today and lost about half of their value. The air bagmaker will seek a bridge loan. Takatas filing would reportedly coinside with a deal for Financial Support from u. S. Auto parts maker key Safety Systems which is expected to buy some of takatas assets. Cable operator altice usa racing 1. 9 billion in its offering last night. Shares priced at 30 each, near the top of the expected range. Its the second largest ipo this year altice bought cable vision and sudden Link Communications shares will trade today at the New York Stock Exchange under ticker atus. Investors will get a fresh look at the labor market weekly jobless claims at 8 30 a. M. As for earnings, barnes and noble and accenture. Bed bath beyond after the close. In europe, eu leaders are gathers in brussels. Theresa may will attend part of it as usual, as is the case in recent times, shell have to leave a day early. Were keeping an eye on the banks with stress tests due after the close what are we watching in these results . The stress tests today, you dont get a simple pass or fail. Thats next week this is an indication of how much capital the banks would have left under various straes sna stress scenarios its a sort of warmup act for the ccar the key takeaway is the health of the banking system, does everyone pass, and how confident are the banks in requesting to pay out capital and the regulators allowing them to do that the thought is that quite a few of the big names could look to pay out more than 100 of earnings this year, ie start to reduce that capital buffer that they built up. If thats permitted and lots of banks do that, thats a sign of how much the regulatory pendulum was swinging before truchmps ayend da h agenda had taken hold. Who are they looking at citi is an interesting one because people think theyll have an ambitious request to pay out capital. Also people wonder about the qualitative part of the tests next week for wells fargo. The bottom line is Analysts Expect them all to pass. Thats a sign of how much better prepared they are. Could be the next catalyst for the banks which have come back lately. Net up over the course of june late yesterday and last week a couple of soft days. Overall there could be a catalyst or reminder of that key thing we have seen since the election you dont need that much deregulation just to remind yourselves that were not in a tough Regulatory Environment other stocks to watch today novartis shares rising the anti inflammatory heart drug showing positive results in a key Clinical Trial shares of steel case plunging. The Furniture Company reporting lower than expected numbers in revenue. And snap acquiring mapping start up zen lee the Company Turning zen lee into a future on its snapchat app allowing users to see friends photos and videos posted by locati location. Glaxosmithkline winning a 2 235 million award from teva i a patent trial patent. Well, is it patent . I have to correct you on that one. I will stick with patent. Maybe youre right maybe new field exploration shares. The Falling Oil Prices weighing on the sector. That stock is off 3 and Imagination Technologies putting itself up for sale this coming weeks after the chip designeder launched a formal dispute against apple. Down we dont have the share price. Maybe we wont bill girlurley has stepped n from his role at uber. He will be replaced by a colleague from his Investment Firm benchmark. Wisher of re codd him. Board member, but also praising kalanick afterwards saying he will be remembered as one of the greats his name got caught up in it maybe decided tostep aside to leave room for a new era still a board seat kept by his company. Just a slight change versus the massive changes at the executive level. So many positions to fill. They have a Management Executive Committee of ten people overseeing everything. I wonder if this is the time for lyft to grab market share. I would think so. Theyre raising money as well. Well have to see how bigger longterm this has on uber. Coming up, President Trump set to meet with leaders from the tech world again today Senate Republicans will release their healthcare bill. Well set you up for the trading day ahead. Manage my portfolio. Since i added futures, i have access to the oil markets and gold markets. Okay. Im plugged into equities trade confirmed and i have Global Access 24 7. Meaning i can do what i need to do, then i can focus on what i want to do. Visit learnfuturestoday. Com to see what adding futures can do for you. But weve got the get tdigital tools to help. Now with xfinitys my account, you can figure things out easily, so you wont even have to call us. Change your wifi password to something you can actually remember, instantly. Add that premium channel, and watch the show everyones talking about, tonight. And the bill you need to pay . Do it in seconds. Because we should fit into your life, not the other way around. Go to xfinity. Com myaccount welcome back good morning to you. Lets get you up to speed on the Market Action. Oil prices declined 2. 25 yesterday, wti did any way 42. 5 this morning. Lots of question marks whether we slip below 40 the still a way away from that at this stage. Energy sector was the worst performing on the Energy Sector yesterday. Energy down 1. 6 banks down over 1 the best performing sector was healthcare interesting that the nasdaq outperformed having been down about a half percent this time yesterday in the futures market. The nasdaq ended up 0. 75 with the s p flat the dow down 0. 3 this morning a bit of softness to the tune of 0. 10 declines in europe of 0. 5 for this hour. President trump is hosting another group of tech leaders in washington today the focus, drones and 5g wirelessatives from sprint, horizon, honeywell will expected to attend. Randall stephenson will be on squux squa squawk at 10 00 a. M. Before meeting the president. The Senate Republicans are set to release the healthcare bill today. A vote could happen as early as next week but senators cant vote on the bill until the Congressional Budget Office scores it. And democrats say theyll attempt to draw out the legislative process in opposition of the plan either way, i would think also Senate Republicans need to see the plan its been secretly held to the vest so far. We will get our first peek or they will could be big progress if we see that going its not done and dusted, but ambitious if they can pass it by next week. Now to our mustread stories which we will do early now my pick is in the New York Times. How to respond to north koreas treatment of otto warmbier, penned by Christopher Hill this story continues to haunt americans. Which is why i picked it local cincinnati boy we knew the family terrible tragedy what do you do about it . Thats the question that the New York Times oped writer is trying to tackle we would be morley justified in launching a military attack. The north koreaens left us to conclude that our citizen was brutalized in their custody. But a military strike would be a mistake for now, for the same reasons that bedevil possible military action in response to the countrys nuclear program, at least 20 million south korean lives would be put in danger the Trump Administration has been on top of this they brought otto home, even if in terrible condition and in a coma, and President Trump continues to speak about this well see what administration does about it. Crucial meetings to come in the next week or so. Most people commending the tone of his tweets yesterday condemning north korea, saying that china werent able to help, but not going so far as to condemn china as well. So there might be some room for continued better relationships with china cooperation, trying to get is something. Clearly, this oped, which i didnt include in my snippet, we need explanation and answers as to what happened to him. Clearly this made an impact as to the brutality of the north korean regime and how it affects americans. There are still americans being held in custody. My pick is in the the financial times, the democratic journey to the populist left the bottom line is the columnest writes the question is no longest whether americas populist left is rising, it is who will lead it it runs through the failures of what was sort of a centerleft traditional Democrat Campaign and likens it in part to the uk and jeremy corbins risrbyn ris this victory was a victory for trump, and wonders if moving forward, if there are other runoff elections that could give more of a chance to someone like him winning the nomination in three years time maybe, or maybe they need a stronger candidate who lived inside the district as Joe Scarborough keeps saying lots of question marks. But an interesting take on whether there is everything is a soul searching opportunity for the democrats. Still ahead, George Clooneys massive pay day. How the hollywood superstar scored a billion dollars for his tequila company. First here is the National Weather forecast from nbcs bill karins good thursday morning to you. Tropical storm cindy making landfall this is a weak system, winds are not a problem. Just the spiraling bands of rain and thunderstorms, well worry about flash flooding today 10 Million People at risk of flash flooding the worst is here along the texas louisiana border and back up towards memphis tonight as far as the Severe Weather goes, isolated tornadoes possible with those spiraling bans today, an isolated strong storm from iowa back to chicago. We cant get rid of the heat wave in the west, 27 Million People at risk of the excessive heat from arizona through to california great weather in the northeast enjoy that while it lasts. More Worldwide Exchange when we come back with type 2 diabetes a lower a1c is a lot about choices. But it can be hard sometimes, cause different sides of you struggle with which ones to make. Well, what if you kept making good ones . Then . You could love your numbers. Discover oncedaily invokana®, a pill used along with diet and exercise to significantly lower blood sugar in adults with type 2 diabetes. Its proven to lower a1c better than januvia®. Invokana® works around the clock by sending some sugar out of your body through the process of urination. Its not for lowering systolic Blood Pressure or weight loss, but it may help with both. Invokana® may cause dehydration, which could make you feel dizzy or weak when you stand up, so be sure to drink enough water. Important side effects to know may include kidney problems, genital yeast infections, changes in urination, or potentially serious urinary tract infections. As is risk of fracture, or increases in cholesterol or potassium. Ketoacidosis is a serious condition, which can be life threatening. Stop taking invokana® and call your doctor right away if you experience symptoms. Or if you have an allergic reaction, with signs like rash, swelling, or difficulty breathing or swallowing. Do not take if you have severe liver or kidney problems or are on dialysis. Taking with a sulfonylurea or insulin may cause low blood sugar. The choice is yours. Lower your blood sugar with invokana®. Imagine loving your numbers. Theres only one invokana®. Ask your doctor about it by name. Welcome back to Worldwide Exchange. Lets check on the Market Action a bit soft around the rest of the world. Asia below the flat line not too bad. We saw declines in shanghai down 0. 3 they got a pop yesterday when it came to the announcement that they would be joining the msci world index. European traders softer. Down 0. 6 in london and france for futures, were soft, but not quite as much as europe. This comes after a day of gains for the nasdaq for yesterday, but declines for the dow s p was flat trending stories today, George Clooney getting buzz after selling his tequila business for a draw dropping amount of money. Landon dowdy has the details how did this happen . Wasnt this an Accidental Company . It was, this is a great story. George clooney is selling his tequila company, casamigo to diageo for up to 1 billion diageo will pay 700 million with another 300 million based on the popularity in a statement to cnbc, clooney said if you asked us four years ago if we had a billion dollar company, i dont think i would have said yes. This reflects diageos belief in our company and our belief in diageo but were not going anywhere well still be very much a part of casamigos, starting with a shot tonight, maybe two the deal is ed ted to close in the second half of 2017. This comes as tequila sales are on the rise in the u. S according to Alcohol Research group, iwsr. Overall tequila volume grew by 7. 4 last year diageo is the Market Leader in spirits. In fact, back in 2014, diageo acquired another tequila brand, don julio in exchange for its bushmills whiskey brand. Tequila is hot, diageo is betting big. I didnt know clooney had a tequila company. He lives next door to randy gerber who is Cindy Crawfords husband. They wanted tequila that didnt make them feel hungover. They worked with a distiller for the first two years they kept it between them and their family the distiller is saying, guys, you order so much, either you drink a lot or youre selling it this is over the sample. So they decided to start selling it the overall thing here, what does it say for beer volumes are down everyone is drinking imported beer hard liquor tequila so what does that say for if we come into a trade war, what does that mean for mexican beer, all this tequila people are drinking less but drinking higher end. Mexican beer is hot exactly its mexican beer, mexican tequila. Exactly i prefer scotch there we go thank you coming up, the top stories and a round up of global markets, what main street wants from washington. A new survey on Small Business and tax rermfo stay tuned, youre watching Worldwide Exchange on cnbc the crude crunch continues as Oil Plunges Deeper into a bear market. Will the selloff in energy put an end to wall streets recent rally . Sycamore partners is reportedly in talks to buy staples. Full details ahead. And Steve Schwarzman is making a big bet on the future hes looking to china to do it