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Welcome to squawk on the street. Im Carl Quintanilla, david faber, jim cramer at the new york stock exchange. Get to wells in a moment. Premarket weak on the back of disappointing chinese trade data, renewing concerns about global growth. Europe down more than 1 . Yields here falling back to 1. 75. And oil still fighting it out just above 50. John stumpf said departure comes amid that scandal thats engulfed wells fargo. Tim sloan is now the new ceo. Sanger will be nonexecutive chairman. Jim, happened suddenly, tensely worded press release. Your thoughts after seeing that tape. Well, first, when i asked stumpf whether he would resign, that was regarded at that moment as a radical question. Almost idiotic. People said what are you kidding me . Jumping to conclusion. And i just felt that the way went through the crisis the crisis is a very simple lesson. You lose your job whether you know about what happened underneath or you dont. ....
Look into the future. Today kicks off with a focus on investing. Our guest today is Hedge Fund Legend leon cooperman and gabelli and rick rieder. Were excited to bring you this conversation all here at 8 00 eastern time and later this week, president ial candidate jeb bush and bill ackman but first lets get you up to speed on todays headlines. So that was the 20 year i thought it was 20 years since we had all been here at the same time. Three months. No, three months. Summer is up. Beginning of game day. Its a feel good song. We are united. We have not seen each other for weeks. Lets get caught up this morning. U. S. He equity futures. Here it s. Well show you whats going on. We are rallying this morning. Dow looks like it would open up much higher. S p 500 looking higher as well. Another volatile trading session but by the end of it things were looking up there as well. Chinese stocks rallying into the close. The top economic ....
European headquarters. Caroline francine we are getting data we have been expecting on the u. K. A little later on in half an hour. The pmi has fallen to 54. 1. We have had growth forecasts for gdp. It is pointing towards greener chutes. We have had a strong spanish number. The french number was actually surprising with the upside and the preliminary number picks up little bit on the confidence level. They german number was a miss and that is what is striking down the aggregate number of cross the eurozone. Francine we are keeping an eye on this and tomorrow is a huge day. Guy johnson on the last day of campaigning, no clear front runner with three polls overnight showing conservatives and labour neck and neck. Lets get to westminster and anna edwards. What is happening . Anna edwards the final day and tomorrow, the election takes place. There will be mps elected to the house of commons. Before that, the final push is underway. The candidates and leaders of the parties are visiting the ....