Discussed the status of the media and its role in protecting national interests. He also discussed the defense readiness. Thisth a is an hour. Ladies and gentlemen, distinguished guests thank you for joining me in welcoming the 31st Naval Operations admiral John Richardson discuss the navy the nation needs. The presence of almost 100 ships and submarines across the globe to detour the potential adversaries from the allies and ensure the freedom of the maritime for all nations. The greatest challenge has come from our own congress over the decade of continuing resolutio resolutions. The National Defense strategy today couldnt be more timely. I am greatly honored to be ablet to host. Admiral John Richardson the bachelors of science in physics holds a masters degree from mit and strategy from the National War College on the numerous submarines and commanded the award for his time in command. We did go all the way back as tom eluted to. I also want to thank you and the foundation for being
2016. Gold still getting a bid despite the fact that Central Banks might pull back over in europe by 5 10 of 1 . David time after the morning brief. We get the case schiller home price index for april. At 10 00 a. M. , Consumer Confidence for the month of june. At 1 00, Federal Reserve chairman janet yellen in a yell and is slated to speak on electronic issues. Also, the u. S. Treasury will auction 34 billion in fiveyear notes. We will hear from the eu regulator who just imposed that record 2. 7 billion fine on google for favoring its shopping Comparison Service over rivals. The European Competition commissioner will join us at 9 30 a. M. Eastern time. Jonathan the news in the central banking world in the past hour, bank of england planned mark carney as with his Financial Stability team to increase Capital Requirements are u. K. Lenders by 11. 4 billion pounds to tackle risk posed by Consumer Credit growth and prepare for the uncertainty of brexit talks. That News Conference after the
Patterns around the bay as a result. Meanwhile in the south bay the only pattern issue is watching 17 northbound at 280 watching for any issues because of a disabled vehicle which sounds like everything is out of the roadway. Chp is arriving. A live look at the 101 in the area and show you how light the traffic is. Back to you. Thank you. Mike. Thank you very much. Developing story now two people have died after a shooting only blocks away from San Jose State University spartan stadium. Bliss are searching for the gunman. Today in the bay bob redell joining us live at the scene with what we know so far. Good morning. Good morning, to you sam. I spoke with san jose police. They said its possibly gang related this happening right behind me here near martha. Its about a half mile away from spartan stadium. Police are doing their work at the crime scene. This shooting happened around 8 45 last night. And according to police and according to neighbors who we spoke to, at least two summits p
Walking us through what their journeys have been like. Thank you again. [applause] and some news about new york congressman Michael Grimm from the Washington Post. That he has been taken into custody facing federal charges, a 0count indictment 20count indictment against him connected to a restaurant he opened before entering congress and alleging that the restaurant hid more than a Million Dollars in tax receipts from local and federal tax officials while also paying workers hundreds of thousands of dollars off the books. Now, aides say that House Speaker john boehner has not spoken to congressman grimm about the indictment. Neither the speaker, nor majority leader, eric cantor of virginia, have commented on his political future. Well keep you posted with any updates on the story on the cspan networks. And in about 15 minutes, well be returning to the Antidefamation League conference where fbi director james comey will be speaking about ate crimes after the recent hate crimes after the
Narrowerthanexpected loss and well talk to Ceo John Chen about it first on cnbc. Cbs outdoor americas ipo capping off what has been a big week for offerings. Cbs Ceo Les Moonves and jeremy male will join us on a first on cnbc. And walmart suing visa for 5 billion over what the retailer deems excessively high credit card swipe fees talk about that. But blackberry did report much narrowerthanexpected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fell across all regions. And john chen said they are on sounder footing with a path to returning to growth and profitability. Hell be a guest later on on squawk on the street. I dont know, eight cents, i think the estimate was for a 55 cent loss. Look, there are a lot of people who turned on this company no matter what they say. Now, there is revenue decline and theyre not talking about really great numbers for until fiscal year 16. But do you know what, lets just hand it to the kceo. There were p