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Good morning welcome to squawk alley. I am john ford with holly evans. After a series of wild swings in the market, major indexes are higher but not across the board. Dow up 240 the next guest says the fed is partly behind the mayhem the past couple days as the president tweeted about market volatility in the old days when good news was reported, stock market would go up, today when good news is reported, stock market goes down big mistake and we have great news about the economy Tom Mcclellan joins me start with the fed, you think theyre in the middle of this . Good morning. Yes, the presiden...

London. These are the people that we are going to speak to shortly. Dalioversation with ray is coming up shortly from china. We will be talking to Standard Chartered chief finance officer after it they said that they want to give back to shareholders and focus on dividends. We were gaining a touch on the stoxx 600. At the moment is pretty much unchanged. A lot of the impetus on the stocks will be what we hear from from washington, d. C. The u. S. 10whether year yield will go above 3 . Now lets get straight to the bloomberg first word news. The European Union will tomorrow challenge theresa may...

Also indicted were three russian entities and separately an indictment followed an american who was allegedly involved in related credit card crime. The Deputy Attorney general Rod Rosenstein briefing reporters this afternoon laid out a case called the Internet Research agency employed hundreds of people to the budget to the tune of millions of dollars in a longrunning effort to influence u. S. Politics. Ultimately, in the 2016 president ial election to benefit now President Donald Trump heres how Rod Rosenstein described the elaborate effort by the Internet Research agency. The defendants all...

Check out what is happening to european london european stocks. Stocks arising for the second day for the biggest weekly increase in two months it sterling low against the dollar down by. 2 . June 24 last year, biggest weeks biggest weekly gain last year. Sterling rallying 3 against the dollar as the boe turns hawkish. Up fiveyear yield is basis points, higher since august 22 after rising 15 basis points last week. You know the fmos fomc meets this week. Dropped theounts most since january after a. Ecord expansion lets get the bloomberg first word news. Sebastian a peaceful resolution with nor...

A slight amount less than 1 . Yields up by one basis point. Sterling here, weaker you take retail sales, lower on the day. He wants a little risk off bid. Gold, the to look at one to watch. David its time now for the northern morning brief. Outeds claims will be 8 30 this morning eastern time. 9 30, eu leaders will meet in brussels and discussed illegal immigration and taxing digital companies. President trump will injured interview janet yellen, on whether she gets another term. If this resonates i was thinking the same thing. It would seem like, what why do want this job . [laughter] rates ....