He says we could see a 20 move lower in stocks. His view that he wrote about on cnbc. Com has caught fire with readers. Now hell be here to make his cl case exclusively. Now cocacola defending itself on the program. David winters will be here this hour to respond to what coke is saying earlier this morning. This is a battle thats now escalating. You wont want to miss the latest chapter. Again, thats an exclusive interview coming up. All about compensation and governance. Of course, tomorrow all eyes will be on the employment report for the month of march. But what if we told you the key to americas jobs market rests with exconvicts . Do not scoff. Theres data that explains this and something that new fed chief janet yellen did this week has highlighted that very issue. We have a special report coming up today on closing bell. Heres where we stand in the marke markets. The dow off 23 points at 16,549. Take a look at the nasdaq, which is off by more than 1 . Its almost 50 points lower to
Oil, not military. Right. Which is a good thing, for sure. The debate over executive pay takes a new turn today. Maybe youve heard this. Coke reportedly backing away from that controversial plan after comments made by Warren Buffett on this program recently indicating that he was not a fan of that proposal, even though he abstained and didnt vote against it. But would buffett have ever spoken out if not for activist investor David Winters . He was the first to sound the alarm bells about cokes lucrative pay plan for top executives. Dare we call an activist investor a hero . Warren buffett does a lot of homework but not on this company. It was David Winters who brought it up. Thats when buffett went and looked at the proxy and decided he didnt like what he saw. Exactly. Well talk about that a little bit later. Also, he is widely recognized as the best boxer alive today. He is of course, Floyd Mayweather jr. Hell sit down ahead of his big fight saturday night. Well get into that. Bill mi
Narrowerthanexpected loss and well talk to Ceo John Chen about it first on cnbc. Cbs outdoor americas ipo capping off what has been a big week for offerings. Cbs Ceo Les Moonves and jeremy male will join us on a first on cnbc. And walmart suing visa for 5 billion over what the retailer deems excessively high credit card swipe fees talk about that. But blackberry did report much narrowerthanexpected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fell across all regions. And john chen said they are on sounder footing with a path to returning to growth and profitability. Hell be a guest later on on squawk on the street. I dont know, eight cents, i think the estimate was for a 55 cent loss. Look, there are a lot of people who turned on this company no matter what they say. Now, there is revenue decline and theyre not talking about really great numbers for until fiscal year 16. But do you know what, lets just hand it to the kceo. There were p
Our roadmap this morning begins with the jobs number coming in just shy of expectations for march, january and february revised higher. Notably all of the march gains came from the private sector. The ipo parade continues today with no less than four offerings the most notable Online Food Delivery service grubhub, the ceos going to join us after it opens for trading. And exxon the Worlds Largest publicly traded oil company has agreed to disclose more information about the risks of fracking. Were going to tell you why. But first up, the numbers for the march jobs report nonfarm payrolls up 192,000 forecast called for a gain of about 200,000. January and february pay ros revised higher by a combined 37,000. Unemployment rate held steady at 6. 7. There was an increase in job seekers. Average Hourly Earnings fell by a cent. And then people looking at things, guys, like hours worked. Yes. Up 0. 2 hours which given all the talk for pentup demand for labor post winter doesnt seem like much of
Also, the executive pay firestorm continues to burn. Our becky quick is at ground zero of the dustup about cokes pay plan. Speaking with both Warren Buffett which is cokes largest shareholder and David Winters, the man who brought this issue to life. A lot still developing on this story. Is coke backing off or not on that executive pay plan . Becky will give us the very latest with bust with buffet and winters. Boxing great Floyd Mayweather was supposed to be but cancelled at the last minute without a reason. Im happy today, he says, im coming back and, boy, do we have a lot to talk about with mr. Mayweather including the big fight tomorrow. Also, his plans to try and buy the l. A. Clippers, even while praising the clippers embattled owner Donald Sterling. Dont miss this interview. I think ill even talk a little bit about boxing. Guess which one boxes . I do on the weekend. Thats my form of exercise. I dont. Lets check on the markets. Red arrows for the Dow Jones Industrial average. Th