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And its setting up for a perfect trade. Well explain. The action begins right now. Lets get right to it. Stocks just posted their worst day in three weeks. Should investors brace themselves for a summer swoon . Mike, what do you think . Well, the summer is typically not a great place to invest anyway. Sell in may. Historically that has been held to be quite true. Add to that the fact were sitting here close to alltime highs. And we obviously have plenty of Global Economic risks to concern ourselves with. Weve got the brexit vote, concerns about the fed. And bond prices are basically telling us...

Lets get right to it. The job shocker. Shares of banks plummeting. If a rate hike is off the table, will we see more pain from the financials . We kick it off with the chart master. Carter, what do you say . I think you have to assume that not only does it take the height off the tail, but maybe pushes them back indefinitely. The price action in the banks is terrible. Its the second biggest sector by weight. We know its been lagging only to be eclipsed by health care in the worst yeartodate. Its a problem, no way around it. Weve spoken repeatedly about the financials look so cheap. Of course, ...

Nasdaq up by close to 20. Overnight in asia, the nikkei up by 0. 6 . The shanghai deposit was flat. In europe, some of the early trading, youre seeing those positive gains are continuing here the dax is the biggest gainer of the major averages up by 1. 7 . The ftse is up 0. 6 . They finally decided if the economy is is not going to get better, at least we got glory. You almost heard both messages from yellen. The economy is doing okay. She wants something to confirm in one number, i dont think one month would confirm. July, like 20 now. I think its still on the table. We also want to see what ...

Wellcome to squawk alley for this thursday. Kayla tausche, and along with vanity fair correspondent nick out west. Good morning to you. Good morning. And now, redstone says that he no longer trusts the ceo, and he says that he is determined to trust in the company and not the shareholders to do the best for them. And so yesterday on fast money we spoke to tom freston. Well, the lawsuits and Everything Else has been a side show compared to the real story which is the fall of viacom from grace over the last several years that have been really one of the leading Television Networking companies in...

We want to show you then how some of the fun and games developed with the twitter hacker after this had come up. After this had been taken down, the tweet about Roger Goodell, we also saw some, again, some interesting tweets coming up from the supposed hacker that also said that, oy, dont take this tweet down. We also saw him come back and tweeting again from the nfls verified account saying okay, okay, you amateur detectives, something along that line you got me. Interestingly enough here, this is, again, one. Latest string of highprofile attacks that have gone on with twitter. We want to poi...