Costs of the new appliance . I would say that these standards have very different affects on different households based on some of the characteristics i mentioned and also some that i state as well in my written testimony. For instance, if you live in texas, maybe its more benefit for you to have an Efficient Air conditioner but do you care how efficient your furnace is . In that case you may not save money by getting an efficient furnace. So i would say that different situations geographical area would have an impact on it . Absolutely. And you indicated the use of the product, obviously, would have an impact on it. And you mentioned, i think, some elderly people who maybe use it less would have less benefit from it as well, is that correct . That is correct. And the Department Notes that in its analysis. So all of us make comments about, oh, this is going to save money and so forth, but it certainly is possible in many instances, i would assume, that lowincome people and elderly are
The japan nikkei was up by another 3. 7 . You see the hang seng and shanghai was up as well. The dax is up by 2 and a quarter . Also check out crude prices which managed to end down by only about 1 yesterday. Up 1. 5 today. Couple big earnings stories this morning. Ibm repeated First Quarter earnings thanks to a double digit increase in arrive from its Cloud Service. Overall arrive falling to a say that again. Falling to a 14 year low. Absolute arrive numbers were what . A 14 year low. Yes, sir. Wow. And how many straight quarters of the arrive decline. Im not going to speak for the company but they would claim some are empty calorie arrive components. But 16. I dont envy what they are trying to do. Difficult, hard work. But 16 straight quarters of arri revenue decline. The Data Analytics and Cloud Business havent been enough to offset declines. On cnbcs closing bell yesterday, Martin Schroeder explaining the transition is still a work in progress. Traumatic investments in r d but that
People thought. The worst market overall was there, unfrozen that you can get a sense of things. Theres a look at europe. Again, the losses not particularly substantial given that move down in crude. In asia is where things were a bit tougher overnight, japan in particular with that stronger yen suffered a more than 3 decline. Lets get back here and start with our road map. And where does it start . Well, where youd expect, oil prices are down after the failed doha deal. Were going to take you there live and bring you the latest. Morgan stanley shares getting a boost from what was a better than expected quarter this morning, although not great. Well give you everything you need to know about that report. And we are also live with pepsis cfo, hugh johnston. Were going to talk about this companys earnings plus his new seat on twitters board of directors. All right. Lets start with oil. You were talking of course the squawk gang about it is its the key to this market im going to say this
In august, we ask if beijings growing debt pile is one of the worlds biggest risks. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello, everybody. Good morning. Welcome to Worldwide Exchange. A new face on cnbc. Its all very exciting here this morning. Wilfred, welcome. Thank you very much. Tell us about yourself. I decided recently to take the step into television. Im very excited about it and looking forward to the two hours. And youre english. Indeed, very much so. With a name like wilfred, i would say so. Youre from england. Yes. The last five years ive been working to follow into my fathers footsteps to be in television. Its a pleasure already and we look forward to getting to know you more. Well, thank you very much. Russias foreign minister says they will look for further sanctions following a summit over the weekend. Lavrov also said in talks later today between kiev and moscow should seek an immediate ceasefire. Meanwhile, u. S. Lawmaker
Its an opportunity to learn about innovation thats happening in the marketplace and how that will impact my job at the fcc. I look at new televisions i think what is that going to do for television standard. When i think about head phones, what is it going to do for raf and things like that. Satellite products and video products, its whats the impact on so many different items we have before us or items that may come before us and i get to learn a number of different products that may come to market at some point that may not involve us today that might involve us in the future so its an opportunity to learn. Tonight at 8 00 eastern on the communicators on cspan2. Up next on American History tv a panel of historians and Museum Professionals talk about methods and challenges for presenting womens history to a nonacademic audience. Using examples from their own research and public exhibits, they make recommendations and discuss upcoming projects. This roundtable was part of the american