SEOUL, Aug 1- South Korean exports extended their losing streak to a seventh straight month in July, pointing to little respite in sight for Asia's trade-reliant economies as Chinese demand cools and global commodity prices take a fresh tumble. Shipments to China and the European Union fell and growth tailed off in exports to the United States.» Read More
CNBC's Steve Liesman offers insight on the latest Fed survey, including the probability of a recession in the next 12 months.
"No one should sign a bad deal because of an imaginary deadline," explains Grover Norquist, American For Tax Reform president.
Should holiday vacations be allowed if a deal to avert the fiscal cliff hasn't yet been put in place? Senator Ron Johnson (R-WI), weighs in. "If you want to get this economy going, and I think you could get it going, reduce the federal government's influence on business people's lives and on American's lives, " he explains.
The NFIB Optimism Index shows job creation in November was essentially zero. William Dunkelberg, NFIB chief economist, offers insight.
CNBC's Steve Liesman breaks down the next steps for the Fed according to a CNBC survey. 88 percent of respondents said the Fed will replace Operation Twist with outright asset purchases, he says. Cliff Robbins, CEO of Blue Harbour Group, weighs in.
CNBC's "Squawk Box" team and Cliff Robbins, CEO of Blue Harbour Group, speak with Emanuel Chirico, The PVH Group chairman & CEO, about the Warnaco deal.
America is facing a debt crisis, and it is spending driven, says Rep. Jeb Hensarling (R.-Texas), in sharing his opinions of President Obama's handling of the fiscal cliff negotiations.
A few early stocks to watch, with the "Squawk Box" team, including Hertz announcing its 3 biggest stockholders are selling 50 million shares
Forecasting how the fiscal cliff negotiations might impact the futures market for the rest of the week, with Kevin Ferry, Cronus Futures Management.
Measuring Washington's progress on the "fiscal cliff," with Tony Fratto, Hamilton Place Strategies, and Jared Bernstein, Center for Budget and Policy Priorities.
Bank Indonesia held its benchmark rate steady at 5.75 percent, aiming to help keep Southeast Asia's largest economy growing at least 6 percent a year and showing it feels inflation remains at a comfortable level.
China's economy is likely to surpass the United States in less than two decades but the Asian country is not expected to take on the superpower role of the United States in gathering coalitions to deal with global issues.
Forecasting the impact of higher taxes, with Barry Knapp, Barclays head of U.S. equity portfolio strategy. "Our definition of a good deal is one that isn't too reliant on tax revenues, and getting our mandatory spending under control," he explains.
Mercedes Benz and BMW are rolling out special deals for high-end cars that few have ever seen. Why now? CNBC's Phil LeBeau explains and reports that BMW sales surged 42 percent in November.
Discussing what a real deal to avert the fiscal cliff looks like, with Senator John Thune (R-SD). "As we look at these policies, entitlement reform and tax reform has got to be about growth," he says.
Checking on the economic impact if the U.S. economy goes over the fiscal cliff, with Nathan Sheets, Citi, and Ian Shepherdson, Pantheon Macroeconomic Advisors.
Discussing the major roadblocks in the fiscal cliff negotiations, with Senator John Thune (R-SD). "Ideally, we would like to see a deal right now that includes a restructuring of entitlement programs," he says.
CNBC's Joe Kernen reports on which stocks investors should keep an eye on this morning, including Jefferies cutting its price target on Apple from $900 to $800.
The Federal Reserve is expected to replace Operation Twist with new asset purchases this week, reports CNBC's Steve Liesman. The quandary for the Fed is how much of the decline in the unemployment rate to believe, he says.
Erskine Bowles, one half of President Obama's deficit reduction commission, tells "Squawk Box" why he's more optimistic the "fiscal cliff" will be averted.