Leaders to reach a funding deal with athens. In Corporate News investors connect with Deutsche Telekom with fierce Competition Among the countrys top three players. Six officials have been arrested in switzerland in connection with alleged bribes totaling more than 100 million. They face questioning on possible extradition to the u. S. The charges relaltte to fifas handling of the world cup and other International Tournaments. They were responding to a request by u. S. Authorities. Payments were made using u. S. Banks. He is currently in the fourth term at the helm is due to face a reelection vote in zurich on friday. He is joining us here around the desk. Of course this is very interesting timing given that the election is coming up on friday. The incumbent president facing reelection. Will that change given corruption charges . The timing of this is coins coincidental. All of the various fifa members have been flying into switzerland for the gathering at the end of the week here but
Weve had triple digit ups and downs all week. We will talk about this, one guy with the answers, the author of the black swan. Is all this volatility the start of something cyclical . We will also focus on several big name stocks with big drops. On our list, mattel, amazon. If i got out of the way, you could see them. Mastercard and chevron. Ugly duckling kind of day. The man with the black swan is here. You are down there. Im down here on the floor where the tone is decidedly better but of course, not as good as the bulls would like it. We were down 230 points so this is quite a comeback. Bob pisani is on the floor and sheila is uptown at the nasdaq. Bob, you know, does this comeback have staying power and a lot of it has been linked to currencies but fridays are traditionally not in a crisis, not good for currencies. You will devalue currency, you do it over the weekend. The answer is the recovery is nice but very fragile. Thats all you can say. Anything more is really not very smart
The battle for French Company alstom is heating up. The biggestuld be tugofwar for a french Industrial Company ever. Matt campbell broke the story. Who has the upper hand between siemens and ge . It seems ge is ahead of the curve. Good morning. On the merits, you are right, ge is more advanced. They made a binding offer. It is something that has been in the works for weeks, if not months. Coming up with something that is much more informal and would need more time to become very serious. Now, that said, there is a degree of political pressure in france of in favor of at least seen this siemens offer considered, which would be a socalled european solution, which might be more acceptable to some portions of the government. Over the last 24 hours we have seen the government backing off of its initial support for siemens. They seem to be walking that back. The smart money would be on ge getting this done one way or another but it would be a bumpy ride. Why is the french government backing
Deliver theama will commencement address at west point 11 00 today. We may get some indications about Foreign Policy. He was speaking about the military pullout of afghanistan. Ian bremer will join us as well. Lets do a data check. It just goes higher. The 10 year yield is 2. 49, a euro, hydrocarbons are elevated as well and the vxx is the complacency, gold has gone south. We spent some time looking at gold yesterday. Critical support is 1219 per ounce. Is a big theme for us today this is the vxx rolling over. We are through one standard deviation and in a zone of complacency. This is the lowest we have seen in a long time. Thats why the banks are having trouble trading. We will talk about this today, the complacency out there in the markets. We have looked at the front pages adam johnson . We will start once again in europe where ges jeff imelt met with the french president france francois hopllande. Alstom makes tgv. Just talking about queens this morning . Area ofis somewhat your me
At costco. Their Earnings Report is out today. Very interesting. Is it a canary in a coal mine for the question of whether well see more inflation down the road . Costco said pricier merchandise. What they have to pay for the merchandise ate into their bottom line. Is that the biggest sign that inflation is about to hit the average american more than it already has. Well look at that later. It is all about how they pass those costs on. Thats an important debate. But were also going to talk about comments made by blackrocks larry fink. Hes rattled the Exchange Traded funds world by warning that the enstir industry entire industry is at risk. Well ask a chief invest. Ment strategist at wisdom tree if hes just as worried as larry fink is. Right now we had a little pop in the market about 20 minutes ago. Took us to the highs of the session. The dow is up 51 points right now. That is the high of the day. 16,684. Again were about 30 points away from an alltime high there. The nasdaq is up 20