Julie hyman with a closer look at the Economic News coming out this morning, including Consumer Confidence. 92. 6 is the Consumer Confidence index number coming out for may. By6 uses 96. 1 estimated economists. Lower than estimated. We have a lot of data, including the case schiller number and a personal spending increase that was the largest we have seen in seven months. We have been seeing strength in some of the economic data. That seems to be feeding into the narrative that the fed could move in june or july. Change in stocks. The s p and nasdaq were higher, but not huge gains and the dow is lower by four points. Not moving on the Consumer Confidence data. Aregroups on the move, we seeing more gains and losses in terms of the sectors in the s p 500. Telecom doing the best, followed by energy and utility. Discretionary with consumer are doing the worst. Apple is in focus after the rebound that the stock has been experiencing. Up 11 since a low on may 12. That was the lowest since ju
Speaker, i had meetings this morning. Other than one meeting with her metastudent queen, the diary for the rest of my day is remarkably light. Other than one meeting with her majesty the queen. Thank you very much, mr. Speaker. The Prime Ministers congratulations to Andrew Murray and all the other winners. May we thank the Prime Minister for all his hard work and his leadership. And particularly his commitment to the union and to Northern Ireland visiting in auckland and swimming to working with the next Prime Minister. Im told there are lots of leadership roles out there at the moment, at the english football team. Top gear. [laughter] even across the big pond a role that needs filling. But if i can go to my pet subject, brexit really threatens Prime Minister cameron in your own time. Brexit threatens the unions. Will the Prime Minister work with his successes to ensure we have somebody that is going to pull together all the countries of the union and the overseas territories and make
Aaa projecting more than 38 million americans will hit the road this weekend. And its not just by car. The airports are jammed. But wait until you see how the tsa is doing, keeping lines moving while also keeping the traveling public safe. Jeff flock with the breaking news. The surprising live report from chicagos Midway Airport. On the campaign trail, moments ago donald trump said hes keeping the debate talk alive. Saying in fresno he badly wants to debate Bernie Sanders. The vermont senator also in the golden state. Hes agreeing with donald trump but the establishment democrats, not so much. Weve got the developing news on this one. Plus, president obamas historic visit to hiroshima. A deadly mutant bug made it and hiroshima. Stay with me. Lets start the countdown. Liz breaking news. Weve got more bread crumbs scattered for fed watchers. Fed chair janet yellen signaling we could see a rate hike in the coming months. Heres what happened. About 1 35 p. M. Eastern time janet yellen had
Do we call him dr. Sunshine. He likes to say dr. Realist. Allergan could be buying a it had a market cap of 90 million and theyre buying it for 1. 7 billion. All because the Bio Tech Companys progress in fighting a certain type of Liver Disease. We will look at what other companies could be takeover targets in that space because of this takeover here. We are keeping an eye on markets. The dow is up 50 . S p is up five. Nasdaq trying to participate. Lets get to our top story. Wells fargo ceos testimony on capitol hill you saw live here on cnbc. Testifying in the wake of the banks fake account scandal. Williford frost is in washington. He has been covering hearings all day today. And the hearing was far tougher for john stumpf summed up with this exchange. Have you returned one nickel of the money you earned while the scam was going on . And the board will i will take that as a no, then. Have you fired a single Senior Executive . I dont mean regional manager or branch manager. Im asking
Alix and we will be previewing that speech. Were going to speak with the chief Global Equity strategist in just a moment. But first, checking on the market heres. Calm, but overall no, big positions being put on ahead of riday. Jonathan futures doing ok. Equity market in europe they can d. A. X. Up agassi. 8 . Ftse up. 5 . He story in the f. X. Market is weaker. You see in the stronger cable rate, we have a 132 handle very briefly on the pound against the u. S. Dollar. In the commodity market, the retracement continues. Big week on w. T. I. We come in at. 9 on w. T. I. We trade with 4698. All the focus on treasuries still. 10year yields higher up two basis points. I will say though another auction, more supply. Thats going to be a focus 20 e twoyear notes are billion worth. Alix now lets go around the world with check in with more top stories with caroline. Could it be a 50 premium on before any of these talks started to be decimated . Its been a roller coaster for monsanto. But it loo