Good morning. Welcome to squawk alley. Sarah eisen, mike santelli. Joining us this morning, farhat manju. And also jason calicanis, ins e inside. Com founder. Shares hitting alltime highs this morning. Third record in a row. Jeff bazos speaking at the companys shareholder meeting. Now is not the time for complacency. There is no rest. We can not rest on our laurels. The competition is as fierce and challenging as ever. Speaking of not resting, amazon plans to open the door of a brand new bookstore in midtown manhattan on the site of what was once a borders book star. Farhat, one of the questions is, are they trying to make money . Are they trying to rub it in to these book sellers that they helped put them out of business . Whats the goal here . I dont think they are trying to rub it in. They are trying to make money. Thats what they do, sometimes. Stores are good for discovery, looking at electronics. They can try out lots of experimental things with the check outli list store they ar
Good friday morning. Welcome to squawk alley. John fortt and i are back, joining our sara eisen once again. Good morning, guys. May nonfarm, calling for 184,000. National quick director gary cohn spoke to squawk on the stre street earlier this morning. When you look at how many people we brought back into the workforce and you look at the u6 number, the fact that its down since inauguration day, were clearly bringing people back in the job force. That said we want to continue to grow the job force and the president has talked about that. Thats why were so focused on tax reform and infrastructure. We believe we have to create a better and better job market in the United States. For more on the number, the market reaction, we are joined by jp morgans chief strategist. David, ill start with you. On a weak number like this across the board, is it a blip, speed bump in the trajectory or a signal of a bigger, more worrisome trend . The good news is that its tight as a drum. The bad news is t
In the biotech names and, again, guys, some real loops here well see if that continues as people dissect what is happening with this Senate Proposal for health care. Well send it right back down to the New York Stock Exchange and the true over at squawk alley. Good morning. Welcome to squawk alley much its 8 00 a. M. At oracle headquarters in Redwood Shores in california. 11 00 a. M. Here on wall street squawk alley is live good morning welcome to squawk alley. Carl has the morning off. Im on this side now. Youre on this side we like to switch it out a little bit joining us this morning, vanity fair special correspondent and General Motors vice chairman and cnbc cbsor bob lutz. Good morning to both of you. We want to Talk Health Care were just getting this draft legislation from the senate. Theyve been working on it in secret were starting to get the details trickling out as we make our way through 140 pages. Were seeing the markets react Health Care Stocks are surging on the back of t
1. 4 hang seng was up, and the kospi up in europe, things are relatively flat. Dax is down. And the cac is weaker. Crude oil prices on a tear this morning it is up again with wti trading. Can i say hello to everybody. We havent been all together awhile, kind of nice comfortable pair of loafers im wearing sneakers today. Theyre more comfortable than loafers. I dont feel like you have to do much to look better i can come in. Sneakers and no socks this is like sweatpants, when seinfeld wears sweatpants, youve given up. Let get you to the morning headlines. Heres whats going on in Corporate News peltz fighting for a board seat at prak tore and gamble. Theyll launch a proxy battle. Hear about it within moments my expectation is hear about it coming across the sec with a filing in a moment the move would make p and g the largest to face a proxy contest. Last week they rejected the request to name mr. Pelts a board member he is one of the biggest shareholders, second biggest roughly holding 3
Of the office we begin with a tense situation in greece. The 10year note is sitting around 15 and have soared 60 this year. A referendum is set for sunday with greeces Prime Minister urging a no vote. Lets go live to athens chief International Correspondent Michelle Carusocabrera joins us there with i believe also the president of Athens Chamber of xlers commerce . Yeah, the chairman of the Hellenic Chamber of commerce, good to have you here. Excuse the music, there is is a small communist rally going on. Shall i call you camomrade . Michelle, this is a country of extremes. In the first century, existential comemunism has died 20, 25 years ago but here in greece it is rampant. You can hear them chanting. There you are. This is greece. We know that this crowd will vote no in sundays referendum they hate the euro they hate everything about euro et cetera. How do you think the vote will go on sunday . Im cautiously optimistic that we dont have a strong yes vote. Vast majority of greek peo