We begin with pfizer going after as traseneca. Bank of america and or previous Parent Company calling his meeting with the french president productive after the companys intensions to buy the Power Systems business. Pfizer says it is now considers options having two take over bids. Pfizers initial bid significantly undervalueed it and that it remains confident in its strategy. So much for shrink to grow. Well, i think that pfizer is a company that is always pro shareholder. If you have seen and acquire and get with you overseas shareholders like it. As tra seneca is not a great company. They have things in the pipeline that they see. But it is relatively unexpensive. They must like the pipeline better than we do. To your point it has been the key strategy in a way and the plan to separate the company and the divisions to separate them. You are talking about new division and you have the products that are off patent. Th that it would be incorporated into those three units. It goes to th
June. The data suggests that they will sit tight for the time being. And alcoa gets the u. S. Earnings season off to a good start. Posted better than expected adjusted results and also backing its Global Demand forecasts. Warm welcome. It is tuesday, the 9th of july. Plenty to come on todays show. Well be in egypt. Protesters are expected to take to the streets again today. Could a timetable for elections bring some stability . Expansion is back on the agenda. This is according to the latest cfo survey from deloitte. Are those in top jobs all talk and no action . Well talk at 10 30 cet. Alcoa kicked off u. S. Earnings season on a bullish note. But what can we expect from others . Well get a view there. The head of the worlds Biggest Exchange operator terry duffy, president of cme group joins us in studio. Has his eye on an m a deal. Tune in to find out. Thoughts or comments about any of those views, please email us at worldwide cnbc. Com. First up, greece is being granted another round
Comments from reid hastings. I hope youre hungry news on dominos, wendys a bunch of Food Companies and throw dupont in there, if you wanted. Thats what they want you to say. Sorry, kids, no more kids meals at taco bell. Will other fast food chains follow . Well start with dupont. Shares on the rise this morning. The dow component beating the street with 1. 28 and revenues coming in a bit shy of consensus. Dupont considering a sale or a spin off of its chemicals business. Ellen spoke about that unit earlier on squawk earlier this morning. Volumes were up sequentially year over year, but off from last years market. A cyclical and volatile segment for us. Thats the segment that is undergoing review of strategic alternatives. Second largest sales generator, jim, behind aggs. She has not spoken to nelson peltz yet. This is one of these moments where it makes a ton of sense. If you listening, the stock was at 54. You just caught a 10 move. What is important here is that a lot of people felt