You were out yesterday whether it was sorros, icahn, these german 10year threatening the zero bound. Yeah, i did a piece on mad money when the rich people who are big Money Managers have this kind of natural disposition to being negative, we cant necessarily take cue from them. I take my cue from oil. There is no doubt about it oils under pressure today. I dont take my cue from europe anymore because i believe that if the dollar is weak, right now you cant have a weak dollar because theyre buying so many of our bonds. But i keep waiting, thats the only thing thats popping up, the dollar. I do believe the yields are a little insane in europe. This is draghi doing it and hes having some success, and that is weakening the euro. Thats his plan. But i am again not i am more constructive than most because i just think when you look at the overall profile of the earnings weve been getting of late, and there havent been that many, theyre pretty good. But i recognize weve been up a lot. And its
Alley and jon fortt is at post nine, and along with kayla tausche, and joining us is steve case. Great to be with you, good morning. And lets talk politics, with Hillary Clinton widening the lead in the general election and a new poll gives her a 12point lead over donald trump, 4937, and 55 said they would never vote for trump compared to 33 for clinton and steve, we have been over the potential impact on the entrepreneurships and the vc and the changes because of immigration, and trade, and what is your read on the election overall right now . Well, i was over at the capital this morning meeting with the senators and the democrats and the republicans to the ask about the innovation, and entrepreneurship which is front and center, and frankly so far, not front and scenter. A lot about the topics, but not how the nature of work is changing, and the next wave of innovation is going to be requiring a different mindset from entrepreneurs and policy makers and regulators, and hopefully that
Of average. Take a look at what this is doing to the markets at this point. Well, you know, weve we came back yesterday. You can see we are looking for a slightly lower open as of now. European markets already in session. And on the closing end of their day you can see kind of a mixed session over there. This is where we may see the most move is in the tenyear note yield. You might expect of course the expectation the feds going to move now in june has fallen dramatically. Will it even be july. There it is, the yield now 1. 72 . Weve been sitting of course a good 10plus basis points higher than that until this number came out. Weighing on the may payrolls of course were job losses in construction, mining and manufacturing. Even without that verizon strike, payrolls would have only increased by 72,000. You may recall verizon had 34,000 employees on strike. The Unemployment Rate though fell to 4. 7 . Now, that is due in part to people dropping out of the labor force. Average Hourly Earni
Below 50. The future of the uk hangs in the balance. We go live to london on the vote that could rock the markets. A new ruling keeps the status quo at least as it relates to viacoms board of directors. And twillio priced above the range. Well bring you the opening trades, plus talk to the ceo. First up, britains future is in the hands to the voters. A new poll shows 52 remain, which is a change from a few days ago, definitely from a few weeks ago. A new poll says theyre going to stay and its going to be a nonevent. Everything is being bid up but the financials are not being bid up as much as the others. Even if we do get a stay, that Financial Group remains under a lot of pressure. I think thats when the smoke clears, were going to see that the Financial Group over there still not strong. That will be the focus. Well go back to earnings. The word asymmetric being tossed around a lot today, jim, because of the way we priced in this remain vote over the past few days. Would a leave vote
Line making its debut on the New York Stock Exchange opening at 32 a share. Trading around 42. 72. This is what the chief global officer had to tell us on the last hour of squawk on the street. Its a kind of trend and evolution. So we start but theres service and game service, they want it so theres two occasions theyre searching. So if the users can be very rare and nonstop service i think we can satisfy users. When they did it markets were at new highs and pokemon go was a global phenomenon. They priced it low. That was a big advantage here. User growth was stagnated. Revenue growth is still good. Its game dependent. This reminds me of when twitter went public. And these companies were going public when they already grasped most of the market opportunity. They can move wrond japan or new products. So you think they waited too long. Whether or not it was their fault. Theyre in great shape. Im talking about the investor side. You have to say how are they going to drive the next wave of