Affiliation, so we have very interesting orderly process and, you know, i asked each person what they wanted to do and i gave them one minute each . Each. I wasnt interested in anyones life history, and it was really sort of what do you want to do, and we had a few options and virtually Anyone Running a Public Company was on that group could nod and deal with the pressure from their constituents and so i basically said, well, it seems pretty clear, you know, that i really didnt want to have a melting ice cube type of thing. People were under legitimate astonishing pressure you should have seen some of the emails that i got tell me you know i was accused by people of being a nazi i mean, im jewish struck you as absurd, right it was absurd and i got hundreds of these things and so it was pretty clear that the country itself felt like it was going out of control we had a logical meeting, and decided that there was just too much pressure for too many people all running public companies. An
Wind down. The ten year is still stuck around 2. 24. Opec is trying to deliver some more cuts at the meeting on thursday. Our road map begins with a major shakeup in the auto business. Ford firing ceo mark fields amid investor ease about the stock performance. Plus, middle east deal maker in chief President Trump is in israel this morning. This after signing a record arms deal with saudi arabia. Boeing, black stone and ge among the big winners. And the path to 1 trillion. Rbc saying that apple has the potential to become a trillion Dollar Company within 18 months. First up though, changes at ford, the automaker announced that mark fields is out as ceo and that fields has chosen to retire. Hell be replaced by jim hackett, the chairman of Ford Smart Mobility division. Hackett has developed a reputation as a turn around specialist. And shares of ford have fallen more than 35 . The company has scheduled a News Conference for 9 45 a. M. Eastern time. Being called a retirement, but we can re
From the president S Manufacturing council. P g ramping up its fight against nelson peltz and netflix with a big score in the content war signing shonda rimes away from abc a tweet from ken frazier saying he will resign from the president S Manufacturing council was met almost immediately by a response from the president in which he said frazier would now have time to go lower rip off drug prices and immediate reprisal for what i assume the white house sees as a breach of loyalty. Ken frazier is known as one of the more thoughtful executives out there anyone that followed the drug industry knows that he has a lot of false promise he speaks his mind the president. Hes the president of the United States but it does seem a little, ill advised to just immediately attack him for going and gouging and mr. Frazier as also been a man that tried to hold the line on drug pricing. So it does to me, i mean, who am i to say its unfair it just seems like that mr. Frazier deserves better. He speaks h
Good morning welcome to Worldwide Exchange on cnbc. Im sara eisen im wilfred frost good morning to you from me as well u. S. Futures pointing higher on wall street as tensions ease on the north Korean Peninsula. Up 40 points on the dow. First breaking news overnight. Two more Corporate Leaders are stepping down from President Trumps American Manufacturing council. The ceos of intel and under armour announcing their departures the rez zig anything that signae wake of President Trumps handling of a White National rally over the weekend Brian Krzanich released a blog post saying i resigned from the council to call attention to the serious harm our divided Political Climate is causing to critical issues. Crzanich and plank join the ceo of merck who resigned yesterday. These are big statements, coming 12 hours after frazier decided to step down after the response to charlottesville. Clearly ceos are struggling to figure out the best course of action here. They dont like to be involved in po
Nasdaq up 13. Train to european stock opening higher. Between three japanese stocks up over 1 . The south korean market closed for holidays. Dream to investor Warren Buffett cashes out to 17 million shares ge. Wally is making some pretty big changes. Fbn am starts right now. Churning 350 am in new york. Tuesday, august 15th. Thanks for joining us. Lauren simonetti. Cheryl i am cheryl casone. Where the president is in town. Lauren gridlock alert last night. Trying to dont attempt fifth avenue if youre in the new york city area. Breaking news this morning on the president. President trump condemning White Supremacist Group two days after the deadly violence in charlottesville, virginia. Lauren of like permanent details from the white house. Reporter delivering a statement at charlottesville. The president is drawing complaints not specifically named in the hate groups intertwined with the protest, instead condemning first the egregious display featured cover bigotry and violence on many