And im wilfred frost. Very good to have you all with us. Lets get straight to the Market Action. Our top story this morning, france electing a political newcomer as its new president. Emmanuel macron winning 66 of the votes, besting Marine Le Pen. At just 39 years old, he will be frances youngest president ever. The market reacting this morning. Initial strength in places like asia. The euro topped above 110 yesterday. Since then, its actually weaker by 0. 4 . Very much buy the rumor, sell the fact. The market was way out in front of this vote after the first round resulted in the Emmanuel Macron victory. The french cac, last week up a quarter . And last week, already posting in a positive way for european stocks, french stocks. The germ dan dax down. And the equity futures, lets show you what happened after the s p and nasdaq managed to close at record highs on friday. S p gained more than 0. 5 . Another straight positive week. And futures are a little changed down less than a point f
Thoughts on apple and the hot investments that he missed. Its a merger monday. Comcast and charter, theyre not merging, dont worry. But they have an announcement. Kate spade and coach, yeah, they are. Plus other deals brewing. And france has decided what the new president means for the u. S. And the global economy. First up though, Warren Buffett sharing his latest views on investing this morning. This is what the oracle had to say to becky earlier this morning on squawk about stock valuations. The most important item over time in valuation is obviously Interest Rates. I mean, if Interest Rates are destined to be at very low levels, not necessarily as low as they are now, but very low compared to the 100 year averages or 50 year averages it makes in i stream of earnings from investments worth more money. Buffett said bonds is a terrible choice relative to stocks. Take a listen to that. Anybody that prefers bonds to stocks is making a big mistake. I have been saying that year after year
We begin with a food fight. The fda delayed the implementation of a law that would require restaurants and Grocery Stores to display calorie counts on their men use the cry to scrap them all together isnt going away is it a case to make us healthier . 7 of adults in the u. S. Are overweight with close to 40 considered obese. About a third of what we eat is confused outside the home. With more than 20 locations to clearly display food calorie counts it doesnt take into account how different people operate at dominos, as weve heard there are 34 million ways to make a single pizza based on all the cross types, sauces and toppings that we offer. Pizza hut has published that they now have 2 billion. The deadline for compliance was pushed off in 2015. 2016 and again this week, with a new target date set for may 7th, 2018. The fda says it wants to make the menu labeling rule more flexible while still providing useful information to consumers. And how do people feel about the calorie counts .
Their menu. And while many major chains are already complying with the regulations the cry to scrap them altogether isnt going away. Is it a way to make us healthier or is this a case of the nanny state . That is todays cover story. The numbers are staggering. About 70 of adults in the u. S. , 20 or older, are overweight, with close to 40 considered obese. About a third of what we eat is consumed outside the home. In 2010, as part of the Affordable Care act, the Obama Administration put in place regulations requiring chain restaurants, Grocery Stores, and other food sellers with more than 20 locations to clearly display food calorie count. Opponents argue the mandate places unfair Financial Burdens on owners and doesnt take into account how different businesses operate. The house held hearings two years ago. At dominos, as weve heard there are 34 million ways to make a single pizza based on all the cross types, sauces and toppings that we offer. Pizza hut has they now have 2 billion. T
Thank you. Its been weeks. Nice to be back. Hi, mom. Here we are again. And happy birthday. Yes. Retail earnings, that helped send the stocks to record levels yet again today. Well talk about how much the market is up since i was gone, but whether this is provision called the border adjustment tax, could that stall the rally, especially as it pertains to Retail Stocks like the ones were seeing rallying today . Well talk about that coming up. White House Press Secretary sean spicer was just asked about that tax plan. Well bring you his comments shortly. Warm weather in the east made for a nice weekend. Its crushing nat gas. Its down 9 . I cant believe youre playing this song. Are you sure wells fargo, that saga it turns out is far from over. The bank just announcing a little while ago that four senior managers are out in the wake of the companys unauthorized account scandal. We have details on that still to come this hour. But how about these markets. The dow is over 20,700 and home dep