Japan. By the time we come in tomorrow, we will have to centralbanks. We are going to celebrate with a double dose of centralbankitis. Francine lets get to first word news. Vonnie a big night for donald trump and Hillary Clinton, both scored dominating wins in the northeast and president ial primaries. Ve states,all fi pennsylvania, connecticut, maryland, delaware and rhode island. He widened his lead over ted cruz and john kasich. Trump calls himself the presumptive nominee and took aim at the Democratic Front runner. Mr. Trump i think the only card she has is a womans card and she has got nothing else going. Frankly, if Hillary Clinton were a man, i do not think she would get 5 of the vote. The only thing she has got going is the womens card and the beautiful thing is women do not like her. And look how well i did with women tonight. Clinton returned fire after winning four of the five states. Mrs. Clinton mr. Trump accused me of playing the women card. If fighting for Womens Health
The world. And i have to say i personally was shocked to see that the journal would publish Something Like this, when we had sent them over a thousand pages of documentation demonstrating that the statements in their piece were false. Bill george is Harvard Business School Professor and cnbc contributor. Jeffrey sonnenfeld is associate dean with yale school of management. Great to have you with us. Collectively, including jeff who is going to join us soon, you called the science into question, you called the company a scam. You called the ceo a bad actor. A lot of ground to cover here. Lets start off with you. You equate Elizabeth Holmes with the likes of mike pierson, the outgoing ceo at valeant and Martin Shkreli, the bad boy poster child of bio vehictech. Theyre doing great harm to the pharmaceutical industry. And such a contrast to somebody like ken frazer at merck. It worries me a great deal, particularly in a Political Year when they get a lot of political pushback. Theranos has
People thought. The worst market overall was there, unfrozen that you can get a sense of things. Theres a look at europe. Again, the losses not particularly substantial given that move down in crude. In asia is where things were a bit tougher overnight, japan in particular with that stronger yen suffered a more than 3 decline. Lets get back here and start with our road map. And where does it start . Well, where youd expect, oil prices are down after the failed doha deal. Were going to take you there live and bring you the latest. Morgan stanley shares getting a boost from what was a better than expected quarter this morning, although not great. Well give you everything you need to know about that report. And we are also live with pepsis cfo, hugh johnston. Were going to talk about this companys earnings plus his new seat on twitters board of directors. All right. Lets start with oil. You were talking of course the squawk gang about it is its the key to this market im going to say this
2. 5 . The dax in germany up by 2. 25 . In italy, stocks are up by 3 . Oil prices hit their highest levels since november yesterday. You do see a little bit of a retreat this morning after comments from an official in saudi arabia. Right now you see that wti is down by 64 cents. Still well above 40 at 41. 53. Just days ahead of a meeting of key oil producers, saudi arabias oil minister has reportedly ruled out an output cut. Of course, yesterday the huge rally was sparked by a Russian News Agency report that russia and saudi arabia had agreed to cuts. Still, you have a lot of things coming in. The expectation that low prices are really starting to cut in places like latin america and here in the united states. Lets get you caught up on some of the big stories happening today. Bank earnings likely to set the tone for trading today. Jpmorgan is the big one. Its happening at 6 45 a. M. Eastern time. Well bring you that news when it happens. Analysts expecting earnings of 1. 26 per share o
Jamie dimon making the headlines on the call this hour. Five of the National Banks do not have plans sthould there be a winddown. What does that mean . 40,000 verizon workers are on strike. First up, jpmorgan, better than expected First Quarter results due in part to weakness in trading and Investment Banking. Jamie dimon calling the results solid. He goes on to say, quote, the consumer businesses continue to grow loans and dposs impressively, attracting depo t deposits faster than the industry. Theyve shown some slides on delinquencies which continue to get better and better. Right. But i think also we continue to forget there was a rate hike and one was great for them. You understand if we had multiple, wed talk about stocks going 66 to 70. I even been focused on oil and gas loans, and ive got to tell you were now in a position where in the rear view mirror, the reserves, oils have gone up so much. Remember theyre going to be able to sell a lot of futures. Look at all these deals. A