Look at the tenyear reaction. All of this on the eve of the big fed decision. Joining us is the chief executive officer for blackrock global fixed income. I know everybody wants to blame it on the brexit,ry, but the reality is the yield on the german bouund has been falling r 30 years so what does it tell you when the bonds of one of the biggest economies in the world are now a negative yield . So, first of all, i think youre right in terms of they have been falling for a while. Some of it is aggressive Monetary Policy and theres not enough bunds relative to what the ecb has been buying and that people use them to manage their risk and use them as hedges against credit, hedges against other sovereign risk so all of a sudden when theres a flight to quality you get the extreme moves that have created this dynamic today which, about by the way, bleeds into the u. S. Treasury market and other safe assets in the world today. Lets say its only the ecb or primarily the European Central bank d
I have every confidence were going to be unified. Well, you know, maybe somebody should tell that to Bernie Sanders because hes not going anywhere. Hes going straight to california. Hes got some big crowds too, steve. He loves the power he has as the president on house of cards. There will be no false steps now. The higher up the mountain, the more treacherous the path. Kevin spacey is delivering an attack on the real life gop nominee. Wait till you hear what he had to say on donald trump. Well find out what donald trump had to say about kevin spacey, the fictional president. Mornings are better with friends. Welcome aboard, folks. An awfully long week. Im glad its friday. Me too. For me, it just flew by. Yesterday, two minutes ago, we now finally seem to have a break through when it comes to recovering that plane. There have been a number of false alarms and now it looks like they are on to something. We start with a fox news alert right now. Apparently actual debris from egyptair fli
Largest cash bid on record. We have both ceos joining us live in just a few moments. Our road map, return of volatility. What investors like carl icahn said how to navigate this market at yesterdays delivering alpha. Wells fargos ceo telling jim cramer he will not resign over abuse of account activations. Apples new operating system out and update getting mixed reviews. Also, tim cook out defending the new iphone 7. The stock saw a nice boost yesterday despite some big losses in most of the market. What will today bring . But first up, futures moving higher after three straight sessions of triple digit swings amid some falling oil prices, concerns about a potential fed rate hike despite tuesdays selloff apple was in fact the bright spot up 2. 4 for the best day since july. But then late yesterday at delivering alpha carl icahn offered that blunt assessment of this market environment. I think there are tremendous risks. But i think anyone thats going to tell you its going to go down tom
Process up. Theyve been trying to get this turned around over a year now. Ever since the first outbreak in july and all of a sudden last october got a little worse. Spread around, and theyve had a difficult time collecting back those samestore Sales Numbers theyd had. Arent getting that now and trying to figure out the best ways they can. Trying every promotion to get back those valued customers. Thats the problem. Are they doing it at the kind of speed that wall street wants . Obviously not. Bill ackman is the kind of guy to change that, but i dont think it happens immediately either. I think it still takes time and bills a little early. Josh, analysts today say, no quick fix. They say, ackmans eyes are bigger than ace stomach. They says, steval, we cannot fathom mathematic or or investment thesis. What are they missing . I would not go as far to say its a negative, having an activist in the stock. Persian square involved with the stock, but i dont know if its an immediate positive. O
Home builders a few areas in the market that are bouncing back today, this afternoon. How long does it last . They look very different from when you were doing World Wide Exchange this morning. Correct. Futures were down 150. Why are we showing you Richard Cordray because 185 million from wells fargo after employees reportedly created false accounts to receive compensation incentives. That man, the head of the bureau will join us on a first on cnbc interview. And we will have a very special guest here at the New York Stock Exchange. Mr. Meat. Meat loaf will be joining us to discuss his new album and the changing music business with headlines today on pandora. His first album came out still sells 200,000 albums a year. It is still selling out. He was on celebrity apprentice. Donald trump. Lets just look at that. He comes to wall street. Lets start with the latest fed speak although i hate to leave the meat loaf video. Steve joins us from headquarters. I think the market wants to know ri