At this hour, at least right now, there are some modest advances. Germany up by about 14 points. Ftse up by 8 points and in france, the cac up by about close to 10 points. In geopolitical news, we are watching the situation in ukrai ukraine. The Ukrainian Government warns a ceasefire with pro russian fighters would end tonight. If the two sides failed to reach a deal on lastminute talks. Meanwhile, there are reports of heavy fighting around separatist strong holds in the eastern part of that country. Its a situation we will continue to watch. Andrew, right now, baub back over to you. Dupont is cutting its Current Quarter and profit forecast. The company says sales in its agriculture and chemicals unit increased at a slower pace than expected. Nike, posted better than expected quarterly results. The company spent aggressively on marketing ahead of the world cup. Demand for nike apparel and footwear rose. World cup, its the first time nike is sponsoring more National Teams than adidas. Nike used to always jump in at the last minute and do this guerilla warfare marketing thing. I tried to watch yesterday. As you know, we were involved in a move. You were trying to watch in the middle of a move . Yes. The tv was on. We all had lunch together. We had no place to sit. We were all watching eating dominos pizza, believe it or not. But a 10, sort of a hey. I know, i know. I know you picked it, but its not a really exciting way to spend two hours. At the very end, they almost scored. They came close. And i really wanted it i really wanted it to happen. The whole thing makes no sense. Why dont they have why is it not set is up like any other playoff or sports where you lose and just move forward or not . Because it was the group of death just getting through it is a reason to be happy. I like that our german coach, even the german reporters, they would have him a question and he wouldnt answer he wouldnt answer any in german. I appreciate that. So weve got tuesday, its july 1st and if its tuesday, isnt that the old expression, it must be must be, yeah. Isnt that the movie . Is that what it is . Its tuesday, it must be i think it is. And if its tuesday, it must be belgium. 1987. And it is tuesday and its belgium. Also there is a song. Yes. Now, your nikes, are they is there a Michael Jackson centennial fiveyear nike . Is that what you can you no. But i used to do they not have treads so you can move . I used to have a Michael Jackson glove and wear Michael Jordan sneakers. If you said michael you know the difference between us with Michael Jackson, honestly . Its a 20year difference in our aiming. I remember when he was on the some music awards, mtv, and he had just transformed from looking like the little michael to a he did the moonwalk. Grammys, 1984, absolutely. It was phenomenal. It was phenomenal. I didnt know who he was. I was like, this is Michael Jackson . It was amazing. And that album, billy jean. But by the time bad came around, you were in fifth grade and you started wearing one glove. Not all the time. Yeah, i know, but if you did it even in the process a little bit longer while you were then putting on the second glove, it was weird. Did it come with parachute pants . It was the time. It was the time. There were kids wearing mc hammer pants later on in life, too. Tell me, it wasnt a surgical glove . It was not a surgical glove, no. Because then were get intoog a whole if i told you that i made those lines on the side of my head like vanilla ice, was that no, i didnt do that. You told me that was a prosthetic nose, i would be worried. Jackson had no he had like it was a thats the weird thing. Im still scarred a little bit. Its hes a great performer. He was, he was. And he still was worth a company of billion dollars. Hes worth more, unfortunately for him, dead than alive. And i dont know how much blanket or paris or the others are anyway, United Technologies units, sikorsky won a 1. 3 billion contract to develop a new combat rescue helicopter for the airport. Lockheed martin is a key supplier on that project. And in other news out of washington, the Obama Administration announcing it is extending Affordable Housing plan for another year. Jack lew added the administration will use money from treasury Financing Bank to help Housing FinanceAgencies Fund the construction of more affordable rental housing. Meantime, lew adds that the white house is looking for way toes attract more private capital to the housing market. And if you pick up a paper today, let me see, wall street journal are you talking about washington post, usa today, obama lose escort showdown, the tabloids dog bites man no, man bites diagnose on the post. Man bites man. Oh, yeah, with those teeth. You heard what he said, suarez said, you know, these things happen. Three times for him. These things happen. But, you know, it is very competitive. I dont know about biting, but these things happen. And then even i mean, they made it thin. Thats the lead story. The two columns. The main oped in the wall street journal is about this, too. A blow to president okay. They have it, sort of. But 9zip is interesting. All along, these guys have been very activist at the nlrp. The nlrp is now scrambling to revisit hundreds of labor 436 to be exact. The deck is stacked in a recent they went to lunch and he put these guys in here. This comes after the Supreme Court ruled that president obama exceeded his authority two years ago. With reset appointments to the board. The federal agency overseas private sector union organizations, organizing elections and deals with Management Employees and as i just said, 436 cases were decided during that period. All along, as they were being decided, people said depending on how this court case works out, people can come back and challenge. I dont know if it makes a difference right now. They will push through. Theyre pushing to try and redecide all these cases. The odds are they will redecide them in the same way. The big issue is coming in january. What do you mean redeciding the cases . The nlrb is going back and redeciding all of these cases. But the 436 orders but now they cant do anything about it because the senate changed the rules in terms of what you can do in terms of filibustering. The senate is democratically controlled right now. The big deal will come in january, if the republicans take back the senate. Thats the not all the decisions they made, though, right . You can still do recess appointments. But not in the senate is technically still in session. They technically thats fine. But im talking about the 436 pro labor things that theyve done already. Yes. But the democrats control the senate. At this point, theyve changed the rules in the senate where you cant filibuster. They will be able to get new appointments to the nlrp very quickly. And anything that they decide, the repeople will go back and and redecide the cases in the same way. The big difference will be in january. If the republicans control the senate and theyre the ones that have the new rules that the democrat put in place, then it will be a very different situation. Theyre not going to let anyone you know, if they dont need a majority no, the senate changed the rules in the midst of all this. Did you see who which is weird for me with you, sorkin. What is that . Is justices that on the streaming deal. On the area deal. The justices dissented. Where the big right wingers. So you are strange bed fellows with those three on that one, right . You wanted aereo to win, didnt you . No, no. No, no, i you dont want freedom . You dont want to be able to pick up a no, im youre siding with the duopoly Cable Companies . A storyteller n and content creator and, therefore you want to be paid for your content. My content. As a journalist, think about how it affects you. Thats what i always thought to be objective. To hit that. It seems like theft to me. But we asked him the questions. Comcast is a Cable Company would like to not pay but comcast is a broadcast company would like to be paid thats clear. But comcast was the reason comcast was the least effective. I would argue actually, though, even if you take the content piece out, had aereo succeeded, it would have not been good even for the Cable Companies. Ultimately, aereo represented the unbundling of content period. To the extent that you believe bundling ecosystem exists in a certain way and the second you start trying to undo it, i dont know what the unintended or intended consequences are, but it changes the die name iblgs of the economics of the whole probably would have went to ala carte pricing. Right. And i dont know what that would have done to im not sure. I could argue things, we could have that conversation, but we dontny to do that now. Lets talk about a busy week for ipo news. Last night, kraft retailer michaels predicted the ipo came in at 17 a share. Thats at the lower end of the expected range. The shares are set to start trading on the nasdaq today under the symbol mik. Alibaba has picked up the nyse. Its chosen the nyse for that rollout. The chinese internet commerce giant plans to list under the big board under the symbol baba. It could start trading as soon as august. Gopro was welcomed by investors pb closed up 30 on its first day of trading. The founder nick woodman joined us yesterday with his view of the company. People buy solutions, not things, not damages. Helping people express themselves, share their life experience, that is an everlasting Value Proposition to consumers. Thats not a fad. And if gopro can make it easier than any other company in the world, make it edzer for our customers to share compelling professional quality personal content, thats an opportunity thats never going to go away. Is he wearing a gopro thing on his head a lot . No. He just went like this with his air. He has that something about mary is what it looked like to me. Oh, look, there you are. Did you mention with me, you look and you go no, with him, it was pretty cool. I let it go. Because hes young. No. Hes a surfer dude. Hes supposed to have the bed head. It looks to me like hes been wearing one of those things all the time and his hair is now stuck that way. So you didnt even i didnt try and correct it. His wife was there. And she didnt, either . Did she have the same . No. You can see right there. You can see right there, young, no wrinkles, you look cool. Me, i look homeless. There you go. Yeah. Okay. I do correct your hair. I know with him, you were there sitting across from him. It never occurred to me. Really . It never occurred to me. The thing about nick is he is such a handsome man, my wife watched. I think that ratings for women might have gone up yesterday. Is he, really . Let me see. They swoon. Let me see him again. Were going to show a picture of you now. Hopefully that offset me not i have a man crush on him . No. Surfer billionaire king player or something. Hockey players. Any of them, hockey players, all except for weve have to get him in the studio in person. Soccer, all those guys are cool. Anyway anyway, joining us right now to talk more about where gopro could be head sg charlie anderson, Senior Research analyst at daugherty and company. Charlie, the big jump in the stock yesterday, did that come as a surprise to you . No, not really. The deal was way oversubscribed. There were quite frankly many investors who wanted shares would couldnt get any. They probably could have priced it higher. It was reflective of the demand. I guess the question is what happens from here . And maybe that is entirely dependent on their sales and their profitability over the next couple of quarters. Yeah. The they get to the situation where people are going to have to think about this one. I think they are set up for a really good q2. It is their easiest comp of the year. When we did all of our checks, a lot of the stores are pretty clean in terms of inventory. So youre on one hand, you want it to settle in. But on the other hand, theyre set up for a pretty good run here for at least the next couple of quarter hes. Charlie, the question i have about this company is shortterm, clearly, i think theres wins. Theres going to be wins against wins against wins for at least the next several quarters. The question we put to it yesterday is whether the company can ultimately look like the walk man in that other people will make taperecorders too and there will be so many competition. How long you can play out whatever success theyre going to have in the shortterm against what this feels like, you know, the world march is on. Am i wrong . Thats interesting. I think to an extent, its almost happened. If you go into a Consumer Electronics store, youll see a sony camera selling for half the price. Youll see jvc. These are big brands and theyre getting no transaction whatsoever. To nick woodmans point, a lot of it is the brand. Youll see shaun white, the snowboarder using gopro, you see a viral video thats gopro. You didnt see a shot with a sony camera. Its also a very niche market. Just less than 4 Million Units last year, someone like an apple or a google with, that would be nothing. Maybe a month of ipads. But i guess thats part of the question, too, charlie. This is hot, this is hot right now, but we have seen trends and fads that have come and gone. How do they stay relevant . How do they make sure they continue to develop . Do you have faith in their idea that they can turn this into a Media Company . The Media Company is very unproven. The one thing you can say is they have an enormous viewership. They have 2 Million People on their Youtube Channel watching and over 700,000 videos a day of high quality. And in the First Quarter, there were a billion videos viewed on youtube that had gopro in the game. Theres clearly a large dealership. Theres a lot of options with that. I would say right now if you look at the multiples, investors are paying a high multiple, but i wouldnt say theyre sustaining that social media multiple. Its more of a hardware multiple. Where do you come down on the stock . I think its dependent on time horizon, right . Clearly people who are buying it at 31 yesterday, i think will have a very longterm time horizon, believe this is one of the stronger Consumer Brands and they think it will be a much larger stock in the future. So its really dependent of, you know, do you think its a next quarter thing or some something you want on over a number of years . We abovely inclined to it. Okay. Charlie, thank you very much for joining us today. The white house is deeply disappointed by that decision. Doesnt see how these partisan 90 i might say, hey, whoa you guys might have a i might be a little sheepish. That was followed by deeply disappointed followed by the president in no way is considering scaling back his executive actions. Coming up, you want to know just how many people are interested in yesterdays world cup game . We have some telling stats from google, coming up next. Plus, you use amazon to order everything from toilet paper to books. You can add takeout food to the checkout cart and do it all on your phone, i guess. That story in todays executive edge, next. Welcome back to squawk box. This is your executive edge. Googles world cup war room teases trends from the tournaments. Yesterday when it came down to the bites, the player from uruguay, searches for his name and bite outdid searches for mosquito bites, dog bites, shark bites all combined. On that day, i can certainly see that. I also like you know, the more that they showed his reaction to it, its like, wow, my teeth. That guys shoulder, did you see that . Ow. Ow. I think he wanted the ref to call the other guy for, i dont know, putting it shoulder in his mouth. Right up there. Did you search for anything . I was searching. World cup searching . No. That day, i wanted to see what i had and i tried to do it this morning and couldnt figure it out. Buying ad words against the world cup is massively expensive. How expensive . In some cases, it liked like 1. 09. Google, too . No. I went on ad sense and i was playing around to figure out if you could try to advertise against those words. But so many people have they basically auction the words and bid up the words. So each worth is worth more. Whats the normal price for that . Like a penny or no, 25 cents or Something Like that. For an actual click. This looks like its over a dollar right now. Were all learning it together. Is this the knockout round . Now were into that. Is this a knockout round where if you lose youre gone. Is that it . I dont know if they call ate knockout round. Were all learning this together, so we need to be what if we tie belgium . What if theres ties . Oh, no, there are no ties any more. I believe now were into the part of the game where if you lose, you lose and if youre tied at the end, theres a theres penalty kicks . Oh, those kicks, yeah. The penalty no, the shot on goal. Settles games, those arent as you can get them most of the time. Its kind of lucky when the goal does it go to sudden death where you line up and you take the shot . I think they keep kicking. Its stupid when we have no idea how this actually works, but you know what . We have not, as an entire country, been totally on board. This is the new stories all the time that were finally, you know, coming into the you know what . I think who is going to be the beneficiary of all this you know, i think we really like football some some of these other sports cost a lot of money for equipment and Everything Else. To play soccer, all you need is the guys. You know what im really trying to say here. But just about the poorest countries in the world can field great soccer feels. Its taken us longer to get into it. I was going to bring up a business name that i think is going to make a lot of money because of this. Who . Hank paulson stocks owns mls soccer teams in portland. Apparently there was a big article yesterday about how the valuations of all of our own stocks are going to get up. I know that the