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ratings on the eu's four biggest budget backers, germany, france, oous and netherlands which make up 45% of the budget. back in the united states, the new york attorney general is investigating whether private equity firms have abused tax strategy in order to cut hundreds of millions from their tax bills. eric schneiderman wants documents that reveal whether they converted certain fgt fees into investments which are taxed at a lower rate than ordinary xhk. economy. schneiderman is looking to see if he's trying to embarrass bain. andrew, right now, i'll send it over to you. >> fasci...

good morning. another day, another investigation. this time, it's word that the s.e.c. is probing banks and muni bond sales. follow the money, weekly in-flows and out-flows painting a picture of just what global investors think of the markets right now. and a bumpy pass to the new normal. pimco's ceo, mohamed el-erian shares his outlook as "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. in our headlines this morning, the s.e.c. is reportedly investigating whether wall stree...