Lutnick and doug cifu to tell us how the increase in passive investing is impacting their businesses. And macys is reportedly considering putting a part on the Flagship Store in new york city. Were so desperate for grass, i think people will go anywhere in this city, central park gets a little crowded and 34th, they could use some grass in that area. Go up to macys now, you can find it. But is that the thing thats going to get people into the store if theyre going up there . Anyway, the reason we showed you a picture of daymond john, hes with us today, of course, from shark tank and a very, very successful entrepreneur on his own, especially when it comes to branding. And were going to talk about branding in retail among other areas, coming up with daymond in a little bit. But first, we begin with this decline in oil today. Here go the inventory numbers, wreak havoc in the oil markets again. Jackie deangelis is at cnbcs commodities desk with that. Jackie d. . Hey, bill. Crude oil break
In europe this morning, as everything is under way, well be talking a lot more about whats happening there. But you can see the dax is up by. 3 . The cac is up by. 25 . The ftse is flat. The tenyour yield that weve been watching so closely after its been sitting right around 2. 15 for the tenyear is a little the yield is a little higher, pricer are a little lower. Lets check out the currency board. The dollar index yesterday hit its lowest tenyear level before ending the day flat. This morning, the dollar is up across the board sitting at 112 for the euro. Dollar yen is at 110. If you take a look at crude oil prices, this was the big story yesterday, krooul crude oil is down by over 5 yesterday. The lowest settlement in a month after surprise inventory builds. You can see this morning, the prices are rebounding slightly. Wti up 42 cents. Back above 46 at 46. 14. Let get you caught up on the big top stories of the day. Polls are now officially open for the uk election. The Ruling Conser
Would have. I was so stunned by the conversation that i just took it in. Lordy, i hope there are tapes. I remember saying, i agree hes a good guy as saying im not agreeing with what you just asked me to do. That, of course, former fbi director james comey in the d dramatic testimony on capitol hill this morning. Welcome in this morning. Im in for kel ly evans. The dow hit a record intraoday but now we are down 22 points on the trading session. Well look at whats behind the reversal. Looking ahead as well to the u. K. Elections, polls there close in just under two hours, and the house back here is set to vote on its plan to roll back parts of the doddfrank financial reform law. That vote is expected sometime this afternoon, probably within the next couple hours. Well go live to capitol hill as soon as it begins, so, yes, still a very busy day here. Absolutely. Plus, a high profile departure over a jpmorgan. The man often seen as the heir parent to Ceo Jamie Dimon is leaving. We have the
Thank you very much for the invitation to be here today with you, and thank you so much for arranging this nice weather in this place. Mr. President , im very glad that we had such a good meeting, and this is due to your strong leadership. And this is also due to our strong partnership. Obviously the fact that we celebrate 20 years of Strategic Partnership this year is important for both our nations, and it is important to know, and this is what i want to underline. That this partnership with the United States of america shaped romania as it is today. Romania, a solid democracy with the a solid, sustainable economic growth. Romania, which stands together with the u. S. Troops in afghanistan. We stand together in iraq. Mr. President , this partnership contributed greatly to what romania is today, and this partnership was and is very important. And i think this partnership not only has to continue, this partnership has to become stronger. This partnership has to define our bilateral rela
Our road map begins with ge, immelt is set to retire this summer the tech stocks are on track to tumble apple under pressure missolo downgrades apple first up, jeff immelt is resigning as the Ceo John Flannery will take over we have talked about immelt and ges trouble just trying to keep pace with the dow. Really since his tenure began. Its the worst performer in the dow since he came in apple hes down 31 some people can always argue at that moment that he came in it was a high water mark. Others have said, listen, he did cut the dividend, but many who cut the dividend i think thats whats happened when you compare him to a honeywell, when you compare him to david cote, even to greg hayes at united technology, difficult to compare very difficult to compare. Meaning immelt does not meet their standard its empirical. Im not saying listen, i know the guys, i know them pretty well, and they were able to reshuffle the portfolios in ways that generated a much better return honeywell did a muc