And breaking overnight, an air scare for one nba team. The Oklahoma City thunders rocky postgame flight. Players taking these pictures and tweeting thunder strong, so what did they hit . Hey, good morning. We got the whole team here on set this morning. Paula is off today. Very happy though to have ace White House Correspondent cecilia vega joining us this morning. Absolutely. Good morning to you. On a big political headline day, good to be here with you guys. Absolutely as we take a look at a live shot of the white house. Were going to start with the breaking news that is almost certainly causing reverberations right there in that building. Very little doubt about that. We are talking about that reported bombshell on the russia investigation. Cnn says a grand jury has approved the first criminal charges in the investigation led by special counsel robert mueller. Weve got Team Coverage this morning, and we start with abcs senior justice correspondent pierre thomas, who is in washington
The next army secretary. Other nominees included the defense undersecretary for intelligence and for personnel and readiness and the assistant defense secretary who advises on weapons of mass destruction to the committee is chaired by her son senator john mccain. This is just under two hours. [inaudible conversations] [inaudible conversations] the Senate Armed Services Committee Meets today to consider the nominations of mark espers to be secretary of the army or robert l. Wilkie to be undersecretary of defense for personnel and readiness Joseph D Kernan to be undersecretary of defense for intelligence and roberts were Nuclear Chemical and biological defense weapons. I would like to say that ive been pleased with the reaction of the secretary of defense and the administration being cooperative and responding to our questions and to our ability to carry out our responsibilities on the Defense Authorization bill. I think most members were happy with their briefing that we received concer
The stock market, you would want the Labor Departments monthly nonfarm payroll number. If the number is strong, you want to buy stocks if its weak, you want to sell today we got a barn burner of a number, 222,000 new jobs hallelujah with every area of the economy generating, which is why the dow rallied 94 points and the nasdaq and s p both advanced. When i wrote this book, i spent a tremendous amount of time trying to figure out what mattered to the market over the years running by Charitable Trust. Again and again, over those 15 years, the answer has been one single number. Growth is king theres been so much gloom lately that this number is busted, making me feel like a good reason stocks have rally sod hard lately. Employment growth means money to buy a car or a house heres why the housing stocks were taking a ride do i need to explain how hiring helps the banks and techs and industrials. The Labor Department gives you a very good report right now its health care and these stocks ha
Its forecast for the year, disappointing. The problems are wellknown. Its Energy Business continues to reel from low oil prices. Its transformation back to a pure Industrial Company yet to take hold. Investors were not pleased with ceo jeff imelts final earnings report. The stock which hell likely own in a mutual fund, an etf or retirement account was off nearly 3 how deep did do the problems at ge run . Just take look at this. General electric the worst performing dow stock since mr. Imelt took over in 2001. Off 36 . Turning things around will be up to the incoming ceo. But he didnt offer any details of his plan during his guest appearance on todays Earnings Conference Call. Dominique chu has more. If theres one word that could be used describe story. In some ways, while ge did reiterate its current year guidance, incoming Ceo John Flannery spoke on the companys Earnings Conference Call about my official start date is august 1th and a full review and be back to investors in the fall w
John ford has the morning off. We start with this big story about big business and the white house. Two of the president s Advisory Councils disbanding after multiple ceos dropping out citing the president s response to the violence in charlottesville. Among the ceos speaking out, jamie dimon, jeffrey immelt, mary barra, etna ceo mark bertoli bertolini. I think well talk to bob crandall in just a moment, guys, but were all trying to process the dramatic decision, how it went down, a lot of good cnbc reporting on that and what the significance of this move is going to be. In practice and also symbolically in the statement that it sends to the president and the white house. We clearly havent seen anything extend into the administration and markets are down half a percent or so but over the course of the last week as a whole, were up about three quarters of 1 for u. S. Indices. Reuters now has the headline quoting a white house official that gary cohn intends to remain in his position as