Do bells. I got wiener fatigue. It is too easy. Lets talk wall street. It has been we had earnings and the market softballs. I cant do it. Softballs, great. It is another busy day in earnings central today. Among the names that are set to post Quarterly Results before the bell, we have boeing, caterpillar, eli lilly, ford, glaxosmithkline and pepsi. And tonight hearing from facebook. If thats not enough for you, among our squawk newsmakers, well be joined by the cfo of pepsi, Hugh Johnston. And eli lillys chairman and ceo Doug Oberhelman and wick mooreman. We have a big morning ahead. And we have Hugh Johnston on today. And a big lineup. Yes, we do. And and after a nearly decade long Insider Trading, federal authorities are close to leveling a criminal indictment against sac capital. Prosecutors and the fbi in manhattan are expected to announce the charges as early as this week. No word on whether the hedge fund might try to settle at the last moment. But reports say that is unlikely.
Good monday morning, everybody. Great to have you back on set. Thank you. I brought you something. You did . I did. Some chocolates. Swits chocolates, fantastic. Thats what youre supposed to do. Right . It is. So are you going to eat any this morning . So how would you sum up what is going on . Overoptimism, i thought. Well talk about that today. But there was sort of an ar three or four years of complete dourness, a real sense that the world was ready to take off in a great way. And youre right, you are seeing this play out in the markets right now. Weve been watching that. In fact, that is our top story this morning. Recent games are irrational you just said were ahead of ourselves or something . No. Its still remarkably optimistic there. Youre with these bratty billionaires that throw all this money around. Thats why it felt no, no, they were optimistic in ways they havent been. You said one guy spent 1. 35 million getting ready for the party and he flew john legend in who watches o
Easily top forecasts. Chinese factories continue to fall back shedding jobs at the fastest pace in more than four years. Hsbc leads to more calls for fresh stimulus support. And hedge fund under fire. Reports say u. S. Prosecutors are set to file criminal charges against sac capital over alleged Insider Trading as soon as this week. Good morning, thank you for joining us. We have some information just crossing the latest picture on the eurozone. Lets just dive into the eurozone composite pmi, growth for the First Time Since january 2012. In terms of some of the numbers that have just hit, the composite pmi showing us there is expansion in business activity. The flash pmi estimate was at 50. 4. The read for the markets was expected to be in the order of about 49. 3. These are the estimates on the flash number for july. This compares to what we had in june when the number came in at 48. 7. We got to 50 on this key number, which is interesting. We havent seen that for quite a while yet. L
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