i m carl quintanilla with melissa lee, jim cramer. pandit is resigning effective immediately. he s being succeeded by michael corbat who previously served as citigroup of europe. the changes come one day after citi s earnings beat expectation in a conference call which, of course, jim said absolutely nothing about this. no. this was the first quarter that was the break out quarter for international. first time that i felt that the company had put a lot of its problems behind it. best knit interest margin. we only had a couple of banks report. people are trying to present this this was logical, this was in the works. this was the least logical, least in the works. corbat terrific. he ran holdings. 48 hours did we know this? i don t know. i got to tell you that the people that i talked to at citi, to say not in the works is being underplayed. there s shock at least among a handful of people who i talk to regularly at senior who are senior but no way aware of this. they are
components, two giants. scaling back last month when it cut the sales outlook. we will find out what kind of a hit they re taking from the slow growth. chief financial officer coming up live and ibm put in a solid performance of 13%, but will it reports a second revenue decline? we will have the revenue for you. david: and helping material stocks. also the falling dollar, giving a little bit of a boost to energy stocks including phillips 66. liz: shares a second largest pizza chain seeing a pop after you heard from sandra smith, the top of expectations, so many people ordering during the olympics getting excited, domino s pizza sales let up 3% in the u.s., 5% jump internationally. pizza is an international food, we remind you. david: legendary investor jim rogers is here, he says the lost decade isn t a one-time event for the united states which is why he is putting his money overseas. after being negative on one country s entire career, he is changing tune. which country is