I am olivia sterns. Coming up on the program, the worlds greatest golfer gary player shares how to perfect your swing as the u. S. Open tees off today. Our top story. Bnps coo is stepping down. Pressuring theen worlds biggest bank to dismiss de courcell. This link to investigations over sentient violations . Bnp is letting him go of his own accord. It was his decision to step down. There has been a lot of indications in the media that u. S. Regulators were calling for his departure. We should be clear. He has not been accused of any wrongdoing. I want to ask you about your sense do you think bnp can afford this if they get cut off from the u. S. Dollar Payment System . It is a lot of money. I do not think it was their intent to force the bank out of business. Spiraling bigger and bigger. Every bank has to pay more than the last one so the regulators can show they are taking a very aggressive approach. Fair, it is not the reason that is up to 10 billion because of the sense that bnp was
Welcome to Market Makers, i Erik Schatzker. I am e stephanie ruhle, great to be back. Too, i had some great times last week. Alix steel sat in your chair. Almost as amazing as kanye west. Sitting next to me last week. It is a new week, lets kick it off. A busy news morning. Breaking economic news, existing home sales for the month of may are out. Who better to break down the numbers then michael mckee. What is the word . Whendont know whether you shopping for good news, existing home sales up more than forecast. 4. 9 for the month to a 4. 89 million annual sales rate. That is the best so far this year. Remember we were talking about how every buddy was buying condos and not singlefamily homes, that flip. Singlefamily homes up 5. 7 , condos and coops unchanged. Maybe people coming back into the markets right now. Numberting aspects, the of homes for sale, the mother supply falls in may. A little less supply and that has pushed the price of homes up to an alltime high, i have not ,000 is
Buzzing about carl icahn, eyeing apple as his next target. Bob, whats going on . Reporter it was a very interesting new world tweeting out positions like this. Lets look at apple, folks. 33 million shares . I looked at that and blinked, because normally apple does 10 million. Three times the normal. The tweets carl icahn sent out. We currently have a large position in apple. We believe the company to be extremely undervalued. Spoke to tim cook today. More to come. Well, there was more to come. Theres the next tweet. Put it up. Had a nice conversation with tim cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly. The company did come out and say that acknowledged there was a meeting, nice to talk to mr. Icahn. The bottom line here, folks, the stock market had a great day. And apple moved up and that helped the nasdaq. Let me move on and talk about the rest of the market. We saw the market down throughout the day. This has been a patte
Of europe is hanging to some green arrows. Apple disappoints and revenue guidance is short of expectation. Meantime, the overall market set for a missed open after a big mix on durable goods orders and another big driver of todays market is earnings, ford, comcast, pfizer some of the names making moves in trading and well break them down. First up, well talk about apple and shares taking hits after betterthanexpected quarterly profits they sold a record 51 million iphones in the quarter but below expectations, the Current Quarter guidance short of consensus and an hour from now well get information from john scully who will join us at post nine. We said how easy it would be to set a new record which they did on phones, but no one expected phones to come in quite this low. No. I think theres a big schism developing, the analysts have really turned on apple now. This has become an unruly Conference Call. And youll see in a moment, but the analysts are still talking about are you still a