Honored. Charlie is it hard to no longer be the ceo . Ursula not at all. Charlie you have led this company, you have set it on the present course. Ursula not at all. There is time for everything, time for everything. This was Perfect Timing for me. 37 years in the company. I know it inside and out. I know the plumbing, the tooling, the people. I know large number of the customers and markets, competitors, etc. After a while, you run things in your mind more in actuality. But i believe that once you go from two or three times, it is a good idea to get someone who has never been for before. Thats all it is. I still love the place. Im still involved, but it was Perfect Timing. Charlie the late bark giamatti, who was president of the National League ursula dont go there. Charlie growing up in the Lower East Side of manhattan, you werent a red sox fan. Damn yankees. There is this. He said after eight or 10 years, and that is a short time, you sort of are beginning to repeat yourself. Ursula
Over in europe, snapping back, all of yesterdays post, up 1. 2 . The dax fell. Eurodollar, 112. That is not much ammunition. They need for the g7. It is a weaker japanese yen. Yields up a little bit. That is a market that is stabilized. Up a basis point. David lets check in with our bloomberg team. Mike mckee in new york on a possible summer rate hike. We will look at Goldman Sachs to annual meeting we will look at goldmans annual meeting. We will begin in paris with egyptair bound to cairo bound for cairo from paris. It seems that debris has been found. Yesterday, there was a report that it had been found from the greek navy. Not from theat was flight. The Egyptian Army has come out with an official statement says saying debris has been found a few hundred miles north of alexandria, which is the area that is the area with the plane was expected to go down. They found passenger items and bits of the plane. I dont know how long it will be before they can get to a laboratory where they c
A roadmap continues with the retail wreck continuing, gap, foot locker and ross stores all on the move after earnings. And more on the latest on the disappearance of egyptair flight. First up, stocks are poised to open higher a day after the s p touched a twomonth low on concerns the fed might hike rates next month, or in july. The dow and the s p on track for its fourth consecutive weekly loss, thats the first such streak since october of 14. The nasdaq on pace for its first fiveweek streak in the red since 2012. Yeah. Interesting to put in perspective the month weve had. Money pouring out of the market worse actually, these guys talking on squawk box worse than 2008 and 2009. People concerned its not just one hike, its multiple hikes. I dont know how that conversation comes back on. Thats scaring people. Earnings just soso. Geez, its just kind of a subpar picture, i think. Really . Even with the economy essentially the fed saying its essentially Strong Enough to handle this. Why is t
Im sam brock. We are swimming in unchartered territory. Theyve never been leading in a western conference final before. Its good. More on that as well as the morning commute. First the allimportant question, whats the weather going to be like . Well have rain in the forecast tomorrow. That may change some peoples plans. We are looking at all clear skies as you head out the door looking from at t park. Will be a chilly morning. Make sure you have a jacket. You need it all throughout the day and increasing clouds with cooler temperatures, much cooler than what we had a few days ago. Showers develop for the north bay late tonight. The rest of the bay area seeing that tomorrow. Ill have details on that. Things improving for oakland. That is unusual as we approach the 6 00 hour. Friday sees a lighter commute. The metering lights are on. Look at the maps. Thats the only slowing you see. The earlier crash at the embarcadero off ramp cleared 15 minutes. Full recovery there. That friday commute
Good morning. Welcome to Worldwide Exchange on cnbc. Im wilfred frost alongside Morgan Brennan this morning. Good morning. Good morning. Congratulations on being halfway through a busy newsweek. Were not until were halfway through the show today. Almost there. Almost there. Lots of news to cover. Lots breaking in europe on Deutsche Bank. Headlines on wells fargo. Sara not here this morning. On assignment in chicago. Shell bring you an interview with imf head Christine Lagarde, 11 45 a. M. Eastern time. Sara with Christine Lagarde, talking about the woes in europe with the imf cheap. Lets check in on what markets are doing. A decent risk on rally yesterday, around three quarters of 1 of gains for the main indices. The nasdaq better. Of the s p 500 sectors, most were positive. Tech the best, utilities the worst. It was traditional, the exciting sectors do well, the boring sectors less well. This morning we expect that to continue. The dow higher by 31 points. Lets look at the tenyear tre