Exchange on cnbc. Im wilfred frost alongside susan lee in for sara again. A very good morning, susan. Good to see you, wilfred. Lets get you up to speed. Dow closing. 25 . And the oil prices were stronger yesterday. The Energy Sector was the best performing sector. Oil prices up slightly again today. Thats led to gains around the world. And gains in the u. S. Futures markets, culled high by 66 points on the dow. About a third of 1 on all three of those indices. Its interesting to point out the biggest reaction to all of the fed speaker over the month has been bonds. If you look at the bond markets down to 1. 73 . Of course, we were near 1. 9 a few weeks ago. Well get you more to the markets in just a bit. But first, breaking split cal news. Montana, south dakota, north dakota, and the most up for grabs, 475 at stake for former secretary of state Hillary Clinton and senator Bernie Sanders. But ahead of todays contest, word comes that hillary has gone over the top of the magic number of delegates needed to clinch the democratic nomination. This coming from a combination of pledge and superdelegate votes. I got to tell you, according to the news, we are on the brink of a historic, historic, unprecedented moment. But we still have work to do, dont we . But rival Bernie Sanders has been a critic of the superdelegate system, saying those delegates can switch their votes anytime before the convention in july. Well have much, much more on the big political stories of the day later on in this hour. Switching gears, a deadly bomb attack in istanbul today. Turkish Officials Say the attack targeted a vehicle carrying riot police. It kurd near a busy intersection near an instan bull university building. Back to markets, lets check the overnight action in asia and europe. And its green across the screens for both regions. The main reason they didnt get that late Oil Price Rally playing into mondays trade. Theyre benefitting from that today. Japan up. 06 . Hong kong soaring 1. 4 . Shanghai above the flat line. Europe showing United Markets in terms of colors, germany up 1. 5 . France up 1. 25. The ftse 100 which was strong yesterday, relatively underperforming up. 75 . Why iron ore prices up 2 last night. Oil, as we mentioned a big comeback. Wti closer to 50 a piece. Brent as youve seen, crude above 50 a barrel. Throwing in gold. Checking on gold prices looks like were more accommodative. And gold pricing 12. 44 an ounce. Verizon reportedly going to submit a bid for ya hoo business. Yahoo expected to hold one more round of bidding. Other tech news, apple is selling a 30year bond. That yield is lower than other recent bond issues in the taiwanese market by multinationals like intel, anheuserbusch, inbev. Apple is raising 1 billion to 1. 2 billion in its first issue of debt in taiwan. Shares of sarepta therapeutic soaring. The Agency Deciding to approve the drug up 26 this morning. Alexion pharmaceutical says it missed the primary stage in latestage trials. For a drug for debilitating neuromuscular disease down 10. 5 . A u. S. Judge has freed Gilead Sciences from any liability on the fight with merck. The judge found a pattern of misconduct by merck which includes lying under oath and other unethical practices. Sorry stocks to watch. Fedex is raising its Quarterly Dividend by 60 . Fedexs profits have topped forecasts the last two quarters, and thats thanks to a surge in online shopping. United Natural Foods is raising its financial outlook. Whole foods accounted for more than a third of its sales last year. And 30 quarter profit beating forecasts thats thanks to a 21 rise to rv sales. And it is the summer diving season and we might see more of those rvs on the roads. Lets move on to other corporate news, cisco reportedly receiving nominations from other executives. The wall street journal cites an internal memo. The executives were responsible for a number of key products leaving the company falling on what sisco calls a disconnect. An executive at twitter. Executive shuffles at twitter replacing the head of the products team. Twitter does not have a permanent replacement announced and its launching a search to fill this role. Recode said seibert will go bag to running twitters Product Development suite which is what he was doing before being promoted last year. And a longdelayed Earnings Report revised productist with labor costs out at 8 30 eastern. Followed by productivity and labor costs this afternoon. Valeant reporting its First Quarter results before the opening bell. And investors will look for reports from the new ceo. Landon dowdy joins us with three things to watch from valeant. Its the second thing since the nent last year. Here are three things to watch. First, the street is looking for earnings of 1. 30 a share. On revenue, 3. 4 billion. This one should be left dramatic than the previous one in march. Thats in the stock was sliced half as it failed to file its Financial Statements on time. Valeant shares down more 50 in the past three months. Second, new management. Investors want to know what new ceo joseph papa has to say with drug price increases that led to a pile of debt. Sales of most of valeants products dropped in the First Quarter as managers pushed back on the city. Third thing to watch, reducing its 30 billion in debt. What assets it may consider nonessential and be put up for sale, guys. Thank you very much. Were going to go to a break here on Worldwide Exchange. Coming up, pimcos chief Investment Officer from london joining us. Before we head to break acres look back at this day in history in 1995. The first boeing 777 with united airlines, the 777 is the Worlds Largest twinengine yet and also boeings largest. And its one of the top performers on the dow which closed up 6 . Were back in a couple moments. Welcome back to Worldwide Exchange. Lets get you up to speed on market action. Yesterday, we saw markets close on the high, dow up. 6 . Nasdaq up 0. 5 . The dow called higher by 60 points. And also from europe, europe particularly strong this morning, as you can see, the dax up 1. 6 . Industrial production slightly better in germany than in april. But really, this is continued positive sentiment from yesterday. And of course, the strong gains we saw on wall street. Worth noting, though, these gains coming in europe, despite yesterday the euro gaining significant ground and pushing close to 1. 14. The extent surprising in europe. Susan. Led get to todays trade. And the s p is now just 1 . From an alltime high. Which stocks our data teams for the best performing names when the dow and s p rallied historically 5 in month one since the bull market in 2009. Real estate, audio, hotel and business Retail Companies moving higher. General growth properties, harmon international, host hostels and united rentals. The best dow returns come from dupont, general electric. Hedge fund returning 1. 6 billion to investors. Fund posted a return in 2009 and a positive gain in 2010. Last year it lost 2. 7 . And is now down 2. 6 in 2016, through to may. Well, lets talk about risk events then. In Global Markets right now, its all about the brexit. The new brexit poll finds that the leave campaign is narrow egg the gaps. A survey for the Daily Telegraph 43 to remain. The yougov poll, 45 to remain. 43 to leave. And 45 percent, saying that staying in the eu, 43 saying theyre going to leave. Whats really interesting as well before we get to the next guest is how closing the pound is tracking the polls. Yesterday, the pound was down. 06 after a poll to exit. Two polls giving a lead. Weve got the pound rallying a percent. Thats a big, big move for one day. It shows that markets are waking up to the fact. Focusing on the polls. Lets discuss brexit further. Joining us from london is andrew balls. Very good morning to you, andrew. Thanks for joining us this morning. So far, the focus in and around brexit is on sterling. But it hasnt moved on the markets too significantly. Do you think that will change as we get closer to the vote . Thats possible. Currencies tend to be the one which really react to these macro and political events. You have not seen Much Movement in terms of guilt versus u. S. Treasuries, for example, theyve pretty much tracked this year. You have seen some weakness in the Banking Sector which makes sense. The banks exposed to the economy. Whereas equity markets, for example, are global in their outlook here in the uk. In the moment, the polls, theres a lot of uncertainty. You do see these reactions in terms of the currency day to day. Because of intricacy, if question get any greater clarity as we get towards the referendum date. We just mentioned the euro, it strengthened more based around u. S. Fed factors than anything else but should the euro be showing more signs of weakness as we approach this vote . Its not just the uk, its a europe issue, too. Its mostly a uk event. We think the largest Immediate Impact would be the on the uk economy. Therefore, the currency kind of the thermometer of making sense. You can see spillover to europe. You can see a pillover to the euro. So the European Asset markets. So i think thats reasonable as well. We do think theres going to be a lot of uncertainty in terms of brexit in how it plays out and, b, the primary effects are the uk markets. When it it comes to europe, theres a long list of things to worry about in europe, besides the outlook. How is pimco recommending ahead of a possible brexit . It depends what you have in the portfolio, we think banks look quite attractive. Even in the event of an exit, we think theres good value there. We have overweights to the uk banking settinger. And then positions of guilt markets or currency markets tend to reflect other credit positions or bull credit positions that we have. I think that using the currency or guilts is a hedge for brexit risk which sends expectation in event of brexit, with the banks cutting rates possibly going down to zero. So having a position there makes sense. But for us, its going to depend on the overall portfolio. Speaking of rates, i think everyone is focusing on the rate hike. And janet yellen. And your call on that . So, a lot is going to depend on the next jobs number. I thought yellen was pretty balanced. The weeks jobs number is something theyre not going to ignore. Were going to have a jobs report ahead of the july meeting. I think july is quite possible. But its going to depend on the data. The broader data has been pretty good in the u. S. , as yellen said, in terms of the activity data. Payrolls is a pretty noisy series. The three month to sixmonth series is pretty reasonable. Andrew, thank you very much for joining us from london. Andrew balls of pimco. Voters are heading to the polls in six more primary states later on tonight. And the news is official that Hillary Clinton is the Presumptive Democratic nominee. Bernie sanders says hes not giving up. The latest from the campaign trail next. Before we head to break, here the weather channels National Forecast from jen carfagno. Were continuing to watch Tropical Storm colin rapidly move away, skirting along the North Carolina and South Carolina coast and out to sea. Minor impacts. Its leaving a tail of it in to florida. We do have a front moving into the northeast. That will bring showers and possible Severe Weather. Weve got about 7 Million People in that risk zone for Severe Weather including the boston area. Temperaturewise, weve got a cooldown in the midwest. That moves into the northeast and amazing weather coming your way then. Plus, the heat is still on. Today in the west, four days in a row with record breaking high temperatures in phoenix. That kind of heat will be building east for the rest of the week. Dallas heading up to 92. Thats the coasttocoast forecast. Im meteorologist jen kacarfagn. Worldwide exchange continues after this. Decade after decade of innovation, inspiration and wonder. So, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. Nbc and other networks have declared Hillary Clinton the presumptive nominee for president. Tracie potts joins us. Hi, it appears Hillary Clinton may have already taken the big prize. Were going to come out of the primary Even Stronger to take on donald trump. Reporter after more than 400 Public Events including his concert in los angeles last night, Hillary Clinton is declared the Presumptive Democratic nominee. She tweets, we are flattered but weve got primaries to win. California and five other states vote today. Were going to win here in california reporter Sanders Campaign calls the clinton win a rush to judgment. He insists hundreds of superdelegates supporting clinton may thing their minds if he wins california today. Its going to be very difficult. Im not here to deny that for a kicked. Reporter donald trump is taking back what he said about the judge and university case. Im very disturbed by what he said about the judge. Mexican or not mexican, i want him to be all i want him to do is give me a fair shake. I dont know whats in his heart, but i know what hes saying, with respect to the judge, thats a racism attack. Senator, can you fathom still at this point supporting donald trump in november . Reporter its nearly over with republicans and democrats still striving for unit. Officials say president obama is eager to endorse Hillary Clinton. He actually had a phone call with Bernie Sanders talking about the campaign yesterday. We heard that endorsement of clinton may come as early as this week. Tracie, the announcement of the superdelegates doesnt change overnight. Do you think theres a chance he pulls out or does he maintain his position right through july . Its a good question, i dont know. But what we do know is that, if he does poorly today, if he doesnt make a strong showing in california and some of these other states, hes already said that new jersey probably wont go his way, but if he does poorly today, then he has much less of an argument to stay in this race. Remember, at this point, his strongest argument is if i do well, i can pull superdelegates into my corner. If he doesnt do well, he doesnt really have that argument anymore. Tracie, thank you for that. Do get in touch with us today on twitter, weve asked you the question of whether, after the news overnight, Bernie Sanders should maintain in the race. Of course, clinton is the presumptive nominee. If you count those pledged superdelegates. Should bernie throw in the towel . Yes or no. Lets get to sports and stanley cup finals. Pittsburgh penguins downed the sharks on their home ice. 31. Game five is back in steel city on thursday, you can watch the action right here on nbc and cnbc sports network. Coming up, a update from Royal Dutch Shell following its massive acquisition of bg group. Plus, hugh hefner has a new landlord. Details of the sale coming up in a few minutes. P . P . H youre not gonna watch it no, youre not gonna watch it we cant let you download on the goooooo youll just have to miss it yeah, youll just have to miss it we cant let you download. Uh, no thanks. I have x1 from xfinity so. Dont fall for directv. Xfinity lets you download your shows from anywhere. I used to like that song. Good morning. Markets now, brent crude trading near a sevenmonth high. Well hear from the ceo of shell in moments. Breaking overnight, Hillary Clinton hits the magic number to clinch a democratic nomination. Rival bernie sand efforts isnt backing down. Check this out, 62 Million Hedge Fund tearing down his mansion. Youre watching Worldwide Exchange on cnbc. A very good morning and a warm welcome on Worldwide Exchange. Im wilfred frost alongside susan lee for sara this morning. Good morning. Lets check on market its and get you up to speed for whats happening. Sessions telling us were in for higher starts. Dow culled 72 points. Nasdaq called up by 21. Lets check on fixed income since we do have a replacing of fed rate expectations given comments by janet yellen. 1. 73 for the tenyear. Now, more on markets to come in a minute. First breaking political news. Primaries and in six states. Call it the final super tuesday. California has the most delegates at stake. Performance secretary of state Hillary Clinton and senator Bernie Sanders. Ahead of todays contests word comes that Hillary Clinton has gone over the top of the number of delegates needed to clinch the democratic nomination. Rival Bernie Sanders has been a critic of the superdelegate system saying those delegates can switch their votes anytime before the convention in july. Well have much more on the political story later this day. And the attacks in istanbul. Turkish Officials Say it targeted a vehicle carrying riot police near an Istanbul University building during rush hour. 11 people have been killed. Lets get back to the markets. Lets check the overnight action in asia and europe. Were seeing gains across the board, especially for the fed looks to say accommodative. The index up 1. 5 . From what im hearing across the way, looks like we have beg etf funds rolling back in. And flip the page and checking in on european boards and how the boards are doing. The gains across the board after the advance we saw yesterday. Lets look at oil prices they were key. More so than Janet Yellens speech, although we did see market moves in and around that. Weve got oil gaining another half . After 2 gains yesterday high of 50 bucks for wti. The aussie dollar today is the biggest move after the rba failed to cap rates. Were seeing a 1 move in the pound so closely tied to the polls. Yesterday, the pound off. 06 . As one pound gave a lead. Two polls remain a lead. That led to a 1 bounce in the pound. The euro not moving too significant today. A big gain, close to 1. 14. Once again, lots of pressure on mario draghi. The u. S. Dollar very strong, susan, now with fridays job report and yesterdays janet yellen, do you think that will push the pressures on the likes of japanese and europe . Even with the three yen move from friday dismal jobs report, were only moving up maybe 31 point its. So it shows you the complacency takes place when it comes to asia pacific markets. Its all about janet yellen and the Economic Outlook has needed to be resolved. When do we get an Interest Rate hike . Maybe not this summer. But from the speech yesterday, i dont want to be obsessed with brexit, but after she went through the domestic situation, she said three keys. Number one is china and then brexit and product sift. For brexit to get that kind of billing i think is exciting. Clearly those two factors are massive. But brexit very much something theyre considering as well. After yesterday, i just said june seems highly, highly unlikely. Perhaps later in the summer. Back to brexit, not youre obsessed with it i am, actually. Interestingly, a lot of strategics have said those in the markets have been complacent about a leave vote. Basically, we were saying that, quite regularly, the found looked very satisfied up near 146. Up there again. I agree, i think markets do see complacent. At the moment even when theyre not complacent, its only the pound that reacts. Not the euro or the ftse 100 which is heavily influenced by commodities, heavily influenced by other factors, that remains. Corporate news, lets get to that. Shell says its asset sales are on track. Steve cedric catching up with the ceo. He joins us with the highlights of that conversation. Reporter good morning. Its like home times the three of us. Very interesting update from shell. Theyre concerned about debt levels. Gearing at 26 . And theres concerns about disposals, trying to get rid of 30 billion in assets as well. Investors in the u. S. Have struggled to get over 2 out of the s p at the moment. If youre enrolled in shell 7. 5 dividend deal. Why is that . Because people are concerned about this huge bg deal which they took on in february. 55 billion. Digesting that and get rid of assets. I spoke to Ben Van Beurden about the key issue of dividend and yield. Lets listen in. Dividend is an important asset for the investors. Regard the dividend down the line earnings. We have to do that at all levels. Our shareholders expect us to manage the risk. Not necessarily themselves. Reporter so theyve said theyre going to keep their cap below 35 billion. Theres a lot of assumptions in there. Its exxon, chevron and Royal Dutch Shell. That is, they need the oil price to carry on from what you guys mentioned diverge bucks to the 50. Ben van beurden said you can get Free Cash Flow out of this economy organically 25 to 25 billion a year. And i put it to him there were question marks about that especially given the fact that were trading at 48, 50 bucks as well. A lot of concerns among some investors ive got to say brokers firms, bernstine saying they like the extra synergies on the bg deal. And they think Ben Van Beurden has got a handle on how to extract it out of that there. The problem is that oil price. And the other story you were talking about, yellen is a bit more hawkish, the dollar picks up steam and commodities come under pressure again. But an absolutely fascinating structure update for the investors 100 days in for the Royal Dutch Company and bg as well. Have nice bidding youre in front of. That shell headquarters or chateau sedgewick. Reporter no, im surprised you dont recognize this, being a cadet, wilf. Its a very smart army barracks. Theres a beautiful cricket pitch here which youll miss youll be at lordes as well. I have played in that cricket pitch. Did you get any runs . Did you get any home runs . No. Steve, thank you for that update. Great to see you. Basically chateau sedgewick . Im sure he can make it his own if it isnt already. Lets move on. Dont expect to see any donald trump ads on buzzfeed. The Media Company pulling out an ad deal with the Republican National committee over the trump campaign. Buzzfeed ceo saying we different run get ads because theyre hazardous to our health and we dont accept trump ads for the exact same reason. Well. Quite strong words there. The playboy mansion has a new owner the iconic california estate which listed for 2 billion earlier this year is now in contract to be sold to the next door neighbor the owner of twinkies maker hostess brands. Hugh hefner gets to stay in it. The actual house, he only bought it for 19 million. So why is the playboy mansion worth 200 million and hugh gets to stay in it . Well, i agree. Its a chasm in difference. Sticking with expensive houses, steve cohen has torn down his east hampton mansion. He bought the mega mansion for 62. 5 million and hes going to tear it down and build another one. Dunkin donuts rolling out the onthego app. Before you actually arrive so the redesigned Dunkin Donuts app allows for cashless payments. There you go. It was doughnut day last week at some point. The supermarket aisle may look lengthy for fans of hostess because it may contain peanut residue that isnt listed on the packaging. From zingers, and donettes and others. Coming up next, todays must reads including a call for democrats to unite behind Hillary Clinton. But before we head to break, it was this day back in 1990, that universityial studios opened its doors in orlando. It includes many ridings and attractions including despicable me and the Wizarding World of harry potter. Universal orlando is opened by comcast which is the Parent Company of cnbc. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast busine built for business. Welcome back to Worldwide Exchange. Now to this mornings must reads. My pick, wall street journal,. When asked the question of why donald trump has come out to suggest hed tear it down. Three reasons he gives. One is the republican article of faith that all regulation is bad for business. Perhaps hes trying to get those people on support. The second reason, maybe hes cozying up to big bankers because he needs donations. Third reason, he simply doesnt know what hes talking about. Until recently, all possible outcomes seem bad for bankers. Theres always rhetoric on all sides. Perhaps a Trump Presidency wouldnt be all that bad. Weve seen bankers come out publicly in support of him. Maybe donald trump wouldnt about that bad for the Banking Sector. My pick is from the New York Times and six states voting tonight. In the New York Times, this is an article, sanders fans, i get your pain. But lets unite against trump. The superdelegates have already been pledged. It looks that harrisburg clinton is the Presumptive Democratic nominee. I guess it goes back to history. Back to 2008, they point out hillary at the time, she graciously conceded before the convention to barack obama who also became the presumptive nominee after getting pledges from the superdelegates. Its going to be interesting. If he doesnt do very well today. Surely, surely one would think hell go back. Even if he doesed me yokley well. Approaching the top of the hour, time for squawk box. Andrew ross sorkin is there. Good morning, sir, what happens on tuesday in the New York Times . Theres no important things to read on tuesday. Im joking, my bad. My bad. We should have had your call in. Its about dow this week, i wont go there, you actually already went to a place we will be going later in the broadcast. You talked about too big to fail. You talked about doddfrank. We have the congressman who runs the financial services. Hes going to talk about his plan to effectively undo doddfrank. Going to be on on the 6 00 hour, closer to 7 00. Also the investors, ron baron, what the fed is going to do next, he doesnt really care. He talks about whats going to happen the next ten years. Well have him on. Talk about must reads. If you havent read it already, from vanity fair, she has a piece on vanity fair its a look at whats happened at valeant. Its fascinating. Including an atlannti antidote arrested. And you can a key onanalyst of e company and looking out other way. Ive only got time to read either that article or the other. Which one should i read . The bethany piece. And later son, if we have time, you want to think or relax, maybe you can pick up my column. In fact, im kidding. On squawk box, we start in 12 minutes time. Coming up next, odds for a fed rate hike this summer dropping further than janet yellen fails to include any new moves. Michelle garrard will join Us New York Stock Exchange weigh in. Youre watching cnbc. First in business worldwide. Welcome back to Worldwide Exchange. Joining us this morning, mitch alley girard, chief economist and managing director at girard. Were calling this summer the fed conundrum. What are they doing . It doesnt seem like theyre doing anything. A couple months ago, it seemed like they were getting teed up for action. Janet yellen said yesterday it raised new questions for the Economic Outlook. I think until they have a better sense of whats happening for the labor market and whats happening even with the broader economy. While the labor report was disappointing, its not the only piece of evidence that suggests maybe on the business side theres some caution there. Weve seen very disappointing Business Investment numbers. Theres this feeling that maybe theres some uncertainty that i think is perhaps moving companies to the sidelines. I think thats something that the fed wants to watch before they undertake further action. She also did say dont focus too much on one jobs report. Right. If we bounce back, could that put july back on the taken . So, she didnt say anything that takes any action off the table. But ill tell you, of all of the uncertainties which she laid out not only about domestic demand, global development. Productivity, she talked about inflation. None of the things that she cited as uncertainties that the fed faces feels like its going to go away if we get another strong employment report for june. It feels like it may take longer. And of course, there is no press conference in july. They dont review the forecast. Now, as the fed themselves have said, ever meeting is live. But theyve also said there are going to be two Interest Rate hikes this year. And some are saying we might not even get one. Thats whats interesting, in june, if we dont expect any action, its interesting to see if they change. Do they suggest that two rate hikes are moving until september. The fed is moving us on a slower path going once a quarter and to move in september. To get another one in year end might feel sort of aggressive. Thats what i think the market is saying, hey, the longer the fed waits, the more opportunity there is for something to come up and derail their action. The brexit vote. Brexit vote, of course, if brexit, if uk votes to leave, the uncertainty surrounding that would pretty much ensure that were not going to get anything well into fall until they have the sense to fall out. Even if the uk stays in if the fed isnt inclined to move until september, thats a couple months. Or the u. S. Economy maybe the election, if theres uncertainty. Theres a lot of reasons that you may see the market thinking they might not go this year. Whether its been hawkish or dovish have you been surprised with the lack of movement from the equity market . Its not nearly as pronounced as the bond market and dollar reaction . I think one of the things is that we all feel confident that this fed is not going to start embarking on an aggressive tightening cycle. One thing inferred and we heard from chair yellen, is this going to continue to be a very gradual pace of normalization. So for the markets. Even if you see a move in june or july like you had heard a couple weeks ago, there wasnt this fear that it was going to be followed up by a series of additional moves. Thats one of the reasons why the equity market was kind of in check. When you look at the dollar in may, the border was up by 3 . That sentiment switched over friday to monday. Do you think june will be weaker at the 3 downside for the u. S. Dollar, perhaps . Well i do think of it, clearly, when were talking about the fed doing less rather than more. The brexit vote, of course, is going to be key. The question, of course, if the uk votes to leave that will raise potentially issues about the eurozone. And perhaps whether or not you have other countries wanting to follow suit. Under that scenario, the weaker european currencies, the dollar could strengthen against it. Michelle, thank you for joining us. A pleasure to have you with us. Michelle girard of rbs. Clinton is now the presumptive nominee we asked if Bernie Sanders should throw in the towel. 57 said yes. But thats not resounding. Yes, thats still pretty close. Weve got about 30 seconds left, key things to watch. For me, its got to be sterling. Again. I said that yesterday. Saying it again. Its really reacting to the polls up 1 today. Im going to say the primaries and caucuses and whether indeed bernie does drop out. Thats it for Worldwide Exchange. Squawk box coming up next. Thanks for joining us and have a very lovely morning. Good morning. U. S. Futures climbing today after the s p closed at a 201 ja timetable. The june meeting its not live anymore. Hillary clinton clinching the nomination, according to the latest tally. Bernie sanders rival isnt going away. And the famed playboy mansion getting a new owner. And hef it stay. The stay is getting longer. Light is getting longer. Not the day. Still 24 hours. Worldwide exchange begins right now. Love shack a little place where we could get together announcer live from new york where business never sleep, this is squawk box. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernin and andrew ross sorkin. Fed chair janet yellen remains positive but she did not say when a rate hike will come. The s p 500 closing at its highest level this year. All the way back to early november since weve seen a close like this. Check out the u. S. Equity futures at this hour. Youre going to see at least right now in the early trading, we are looking at pod numbers once again. Numbers continue to close higher. Dow