good morning no one is denying it's tough being in the market. it's tough being an analyst. it's even tougher being an analyst looking at commodity stocks how is it a month ago the commodity analysts were so convinced that the oil price, that is the oil price at 42.46 now, they were so convinced we were going to $60, $65, $70 a barrel, now they're throwing in the towel left, right and center what have they got wrong what have they got wrong given the dynamics of the oil market i

don't think have changed that much we'll discuss on "street signs." brent crude dipping below $45 a barrel for the first time this year, dragging on european energy stocks. the healthcare sector bucking the negative trend as a surprise outcome of the heart drug trial gives novartis a shot in the arm allties raises almost $2 billion in its u.s. ipo making it the second largest american offering after snap of the year. and rare good news for the uk prime minister theresa may as she prepares to meet with eu counterparts northern ireland's dup says there is a good chance of a deal happening with the tories by next week. it's a down beat european equitymarket we're looking at following on from -- actually, i didn't think the u.s. session

was that bad the nasdaq moving to the upside as all that negative feeling around tech kind of dissipated somewhat and people looking on the down side to the oil price, which is in some cases dictating some sectors movement. as i say the nasdaq saw a very strong counter weight last night from tech as well. i don't think the dow and the s&p moves to the down side were that bad we have ten rows, seven of them in red there you go european equity markets. ftse is 100 as the big companies such as bp and royal dutch shell falling 0.5% we had a 2% selloff just working out in our head from the highs of 7,550 a couple sessions ago i guess that means it can go quickly the other way. elsewhere the ftse mib down

0.9% that's the standout in terms of moves to the down side i want to take a step back and look at something. i want to show how hard it is to read individual pieces of data people talk about the home building data yesterday. the existing home sales. i put this screen up for you this is how tough i think it is. home sales month on month surprise to the upside up 1.1%. hold on a second, it was down 2.5% in april. up 4.2% in march down 3.9% in february, and up 3.3% in january. how are you supposed to trade on the back of that there is a trend, you don't look at the individual months that's the 12-month rolling figure, up 2.7% in may that's an increase from 1.5% in april. look at the individual month by month, it's a months game. absolutely let's look now at one or two other stories in the sector. reason why i want to look at

sectors, i want to concentrate on the top and bottom. oil, i will talk about that, i will speak to ian reed from mcquary about that banks down basic resources under pressure but this sector i want you to look at. if you've been following the story on novartis, novartis one of top three, four gainers the euro stocks 300. there's a new drug, it's great news basically it apparently is an experimental drug reducing the risk for heart attack survivors. that's acting as a catalyst. i've done a bit of work on novartis, year to date, stock trading up 8%. market cap, three or four companies, johnson & johnson, pfizer, novartis and roche, all vying for who is the big effoget

the dividends respectful, 3.4% trades today slight premium to the sector the sector trades at 15.8. a lot of holders on that one what are they trying to do paring down the company for start. getting rid of stake in roche, but that gives quite a nice problem in some way, ie a lot of cash a lot of a war chest will w what will they do with that? he said we don't need a big deal people saying maybe bristol-myers, maybe one of the big uk pharmaceutical companies, he said we don't need a big one, just bolt-ones first quarter figures, 25th of april, net income falling 24%, first quarter sales down 1%. b buying a stock 16.7 times on flat earnings, make your mind up

on that one. fantastic news on that heart drug looking at some of the oil stocks in the market want to look at some of the biggest companies in the oil sector they are seeing themselves under pressure bp trading 1.1% lower. shell trading 1.4% total, a lot of love for total in the market, but down 1.6% rosneft as well. 1.7% ease on that one. we are seeing the oil companies falling across the board on the bat of conce back of concerns on the underlying price they are cutting costs aggressively at the same time trying to grow the upstream. that's no mean feat. in terms of what's happening -- i askedthe question at the top of the show, why have the analysts changed their mind? why have they changed their mind on 60 bucks on the back of opec

strategy to low 50s? one cnbc website told me it's a slam dunk for 30 where did that come from ian reid is from mcquarry. hello. >> hello >> i've looked at the numbers, i was at opec may 24th i don't think anything has changed. we know shell had a resurgence why is everyone throwing in the towel? >> it's the volume it's risen quicker and more sustainably than most people were expecting we r uppupped our forecast of s to 1.5 million barrels per day i think that's it. that knocks out all of what opec can do that's why oil prices are suffering. >> but the strategy that opec is sticking to -- they have non-opec on board. no mean feat getting the russians on board. they have 108% compliance. we know that's the saudis

working extra hard to keep this going. but surely that's going to have effect in finding this great equilibrium at some stage this year given that demand is growing. >> the problem for the saudis and the rest, it's a zero sum game the more they increase the price, the more the shale keeps drilling and fracking. they can't get the price up to a level where they can keep the shale guys out of the game so they are just chasing their tail >> i'm a great fan of mohamm mohammed al kinder he said it's not a battle between us and shale but it does feel like it's a battle between shale and opec. >> back in the '80s they tried to knock out the north sea, that different work, the north sea gotcosts down. shale responded to this. they're entrepreneurial people

>> what do you think will happen with the price of oil? >> we're bearish going into 2018 we got the number below $50 for the first time at mac quarie for a while. >> i will get to a couple stocks in a moment total i want to talk about as well. i think they've done some amazing things but in terms of what opec can do everybody talks about the potency of opec, or the impotency of opec. tell me how you think they can react? >> it's a disparate bunch of countries. the strains of qatar, can they keep this going for another year or into 2019 that's a hard ask. so we see this opec agreement breaking up towards the middle of next year >> yeah. >> in that case we'll see a huge amount of oil on the market. >> we'll talk about saudis tensions with iran and qatar

later on in the show that could be another crisis point. let's talk about one or two companies. we both said we had respect for total. what is total doing right? >> it was the first to start significantly cutting ca intingn 2013 it was an impressive number. they're growing the upstream that's impressive. the downstream is one of the best in the business so it's defensive but also they got growth i think they got the cost level down to where they can break level. >> that was my next question so the success in getting your cost down -- you know better than most. there's two charts one is the oil price, one is the cost chart it went up the same -- it went up 150 bucks the cost pressures in the industry are abating

aggressively or does it take something special to get them down >> it's impressive what they've done cap big make kejors can respond total has done it better than everyone else. >> i'm always impressed. i like the line in the statement, whether it's shell, bp, free cash flow is covering capex and our divvy. now it's down here >> it's covering the cash elements of the dividend they're paying over one-third in script i think when oil prices drop below 50 they'll suffer. they'll have go back to the table of cutting costs >> are we at that point where the analysts will start questioning the divy they need the income and they're getting from the sector. >> the ceos know that. they'll do everything to protect the dividend

they could pay for script, offer a discount for the script. operating cost also have to fault. they thought they had done as much as they needed to do. i think they might have to do a bit ore. >> you told me you like galp why do you like galp >> the main source of growth is low-cost brazilian oil that could bring oil prices down to $30 a barrel. galp, given a year or so, will look impressive. wlofrnlg >> who don't you like in the sector >> we downgraded bp to a sell. stat is also sensitive, and exxon. i like shell, i think shell also will struggle to perform with these headwinds. >> great speaking to you you stay there, we'll get you out ochtd stf the studio in a f minutes time we are at wall so we can graphic

i will shly graphically show yos going on ian reid, thank you very much. a lawmaker from northern ireland's dup says he believes there's a good chance his party will reach an agreement with the conservatives by next thursday jeffrey donaldson said talks to form a coalition with the ruling party were progressing well. the uk chancellor echoed that sentiment saying he's confident the two sides can reach a deal the dup are one of these tough, tough negotiating northern ireland parties, a bit like sinn fein, they have years of tough negotiating. that's why the british government is finding it hard to nail them down philip hammond also said that he will push for an early transition deal to avoid a cliff edge brexit. the issue of britain's eu divorce is front and center at

the council summit theresa may is preparing to set out the uk's plans to protect expatriates rights after brexit. willem is in brussels. of all the suf isstough issues t there, the one that is the most pathetic, saddening and worrying are the rights of people who have contributed to europe and are british and want to live there, and the rights of the europeans in britain who have contributed for many years and don't know about their rights. i think it's a disgrace they're used as a bargaining tool. surely that will end soon. >> one would think that theresa may will talk about that over the next 24 hours. she will be briefing her european counterparts about british proposals that her foreign secretary, boris johnson said will be "generous." they're hoping the european side will reciprocate with their own generous offer for brits living on the continent

in terms of the other part of the agenda we'll hear more about immigration, about security cooperation, about the economy theresa may will be briefing about the british proposals when it comes to european migrants. she's also expected to be pushing a particular topic with emanuel macron, the new french president about limitations on internet companies to reduce extremism online that's something she seems to feel strongly about after the terror attacks in the uk it seems to be something she made an agreement with macron on they will be encouraging european counterparts to consider actions that can be taken to clamp down on some of the internet companies that they claim are not cooperating on that front there's the question of sanctions on russia, whether they are continued now, once britain leaves the europeanunion, it will have to develop its own sanctions program. that's something the queen mentioned as part of upcoming

legislation in the british parliament russian sanctions are another thing to watch over the next 4 hours. >> in terms of other factors, i think you've been speaking to ec commissioner dom broski. what did he have to say? >> we heard from philip hammond about how he will be prioritizing the economy and jobs when it comes to britain's brexit negotiations two things that seem to be taken off the table based on this conversation i had with the european commission vice president for financial markets, financial stability and services, involves passporting and the euro derivatives market that's something that would be a risk if it was located from london to the european union, but he said there is no chance british financial firm also hold on to that right >> eu passports are linked to

the eu single market if the intention of the uk is to leave the single market, then indeed uk financial institutions cannot hold eu passports >> those things indif visibilitvisibilitsiblvisible? >> they come together. >> so you can hear dombrovskis quite clear about passporting when it comes to the euro derivatives clearing market. that's something the european commission will be reviewing later on this month. >> brilliant work, thank you very much for that looking forward to the arrivals. what mrs. may has to say now, not a lot of people know

the c of cnbc stands for casamigo, but the copyright on that name has gone to george clooney. he has a casamigo brand of tequila and he's selling it to diageo the price tag is up to 1 billion u.s. dollars we need to discuss what's going on in this sector. we'll look at the details of the deal and the broader sector and t that battle coming up on "street signs. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country.

discover how we can help find your unlock.

live-streat the airport.e sport, binge dvr'd shows, while painting your toes. on demand laughs, during long bubble baths. tv on every screen is awesome. the all-new xfinity stream app. all your tv at home. the most on demand, your entire dvr, top networks, and live sports on the go. included with xfinity tv. xfinity the future of awesome. welcome back diageo is buying george clooney's tequila brand for up to a billion dollars clooney and some friends found the upscale brand casamigo in

2013 bigger payments could follow if performance targets are met. high-end tequila is going well at the moment. diageo sees potential for k casamigo i have behind me a whole stable of brands they are diageo brands, they include smir novembsmirnoff, johnny walker. what are the challenges? i put up diageo, perot shuferoc buying brands, and pern pernod ricard. other people are in the sectors, but these are the big pure plays. 60 billion pounds versus 32 billion euros.

this one is up 12.5% pernod is up 19.7% in terms of pe, this was already trading at a loftier premium so it's been closing the gap a similar kind of valuation to what you will get out there in consumer products group, such as unilever, they all seem to be settling at what are high multiples considering you have limited growth out there that is the problem. pernod ricard's most recent third quarter underlying sales in april up 3% it's okay, but it's not dramatic as well. what are the challenges? don't forget, sales of spirits in china took a real big knock a couple years ago on a corruption clamp down china's picking up again tastes are changing. demographic changes are changing did you know, according to one survey, the global market for alcoholic drinks was down 1.3% last year. the average over the last four, five years is 0.3%

we are drinking less last year than we have been over the last half decade. that's nothing to do with the "squawk box" team which is keeping up their end of the bargain. they're finding growth through buying brands, lots of brands. you take the charts off the wall and show some of the brands. you wouldn't believe the stable these guys have got out there. absolutely enormous stables of alcoholic brands this is the diageo bunch this, thanks to our great team in graphics -- oh, absolute. haven't tried that one enough to give you a hangover, but they are buying brands aggressively and trying to get costs down and trying to find the right demographic. it's a challenge for them. they have problems in terms of intense competition, changing demographics, and the fact is we're not drinking as much as we used to especially on the beer front. less of a problem for these

guys, that's more of a problem for the brewers. now you have two, three very large stables out there that own just about everything. the other thing, which casamigo, the clooney brand taps into, everyone wants craft, something idiosyncratic and small. the trouble is when they buy it it becomes large scale you can head online for more on diageo's billion dollar drinks deal with george clooney we couldn't have more of a different story coming up. more trouble for takata. shares of the japanese company plummeted after a report from a japanese newspaper saying the company planned to file for bankruptcy protection friday or monday next week takata is facing billions in liabilities to replace more than 140 million air bags you've been following this story, i'm following this story.

i'm aghast it's taken so long to get to this point. every time you hear about a recall, it's been a tragic expanding story of woe, hasn't it >> yeah. lawyers in the u.s., steve, are saying only 60% of the air bags that need to be recalled in the u.s. have actually been recalled there's still so much more to be done takata shares down almost 55%. they've declined every day this week by the daily limit. since friday, takata lost more than 75% of its value. let's look at the wall, the three-month chart where you can see this in context. you can see this in the past three months and how shares have gone down. down the deep end the last couple of days this is the biggest recall of automotive history this involves the defective air bags which claimed 16 lives and injured more than 150 people according to reuters, the company is planning to file for bankruptcy as early as monday.

what happens after that? well, sources for reuters say takata will ask for a bridge loan from sumitomo financial and this could pave the way for takata to sell some assets to key safety systems key safety is a u.s. company that also makes air bags and seat belts and crash sensors it's owned by a chinese company. if it gets at least $1 billion, that could be used towards paying that doj settlement that was agreed to in february, 8$850 million going to automakers, 125 million to victims compensation, $25 million in a criminal fine that's the latest as we look ahead to monday. >> excellent work. i remember when boris becker won wimbledon at 17. how does a guy who won $25 million in prize money, net

worth supposed to be around 29 million, it's not. he has been declared bankrupt. he had asked for a final chance to repay his debts but a london court refused his request. he was described as a man with his head in the sand or the clay, so to speak. the tennis champion turned commentator turned to twitter to protest the court's decision how do you lose so much? we'll have a quick break check out world markets live, our blog which runs throughout the european trading day we'll be right back on "street signs. time's up, insufficient we're on prenatal care.es. and administrative paperwork... your days of drowning people are numbered.

same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you, too. for those who won't rest until the world is healthier, neither will we. optum. how well gets done.

welcome back to "street signs. i'm steve sedgwick these are your headlines brent crude dipping below $45 a barrel for the first time this year, dragging on european energy stocks. the healthcare sector moving the opposite direction as a surprise outcome of a heart drug that gives novartis a shot in the arm and altice raising almost $2

billion in its ipo, making it the second largest american offering after snap of the year. and rare good news for the uk prime minister theresa may as she prepares to meet with eu counterparts northern ireland's dup says there is a good chance of a deal with the conservatives happening by next week >> huge moves afoot in saudi arabia president trump called the new crown prince, mohammed bin salman to offer his congratulations. they talked security and economics on the phone yesterday. the uk prime minister, theresa may, has also welcomed the appointment. prince mohammed is first in line to succeed his father, king salman, he replaces mohammed bin m nayef. prince mohammed also becomes deputy prime minister. he will oversee much of saudi

arabia's energy strategy, which includes the highly anticipated saudi aramco ipo the crown prince is hoping his vision 2030, this is huge for the kingdom, will make the kingdom less reliant on oil exports. earlier we spoke to someone who says oil needs to be priced at $90 per barrel for the saudis to blo to balance their books >> they suppressed oil prices, they have a u.s. resilient oil sector the crisis in yemen, also potentially increasingly the threat of growing socioeconomic pressure as saudi arabia starts to cut some of the wealthier spending, some of the expensive subsidies. the bottom line for saudi arabia is at the moment it needs an oil

price of around $90 per barrel to balance books at the moment they're very, very far off that >> we are joined by the associate fellow from the middle east north africa program at chatham house. what the kingdom is trying to do and this 31-year-old architect w of the program was try doing is nothing short of miraculous for the kingdom if it works. what just happened in the last 48 hours and why did it happen this has been brewing for two years now as some people might say or suggest the young prince has an am besh shus am bebitious reform agenda it's domestic reform. foreign policy reform. we'll see more of a robust saudi

arabia building on a number of events which have taken place. >> where is the biggest challenge? is it an external threat or internal threat for the kingdom? >> i think the threat is always internal you push foreign policy and you try to ruffle the sheets in the region to distract from actually the real challenge at home, which is declining oil prices, a very young population in need of one thing, jobs, jobs, jobs. this is about the future and protecting the internal stability of the house >> it's the same problem whether you're the united kingdom or the french economy that you want to lessen the reliance on the state but you need the state to give those young people jobs so they don't turn to some form of extremism or have a form of dissent against the house of saud does division 2030 do that >> it's very am besh shubitiouss

it promises increase in private sector jobs. they need to create 1.2 million jobs, creating a larger, more robust private sector as well. and at the same time they're offering the youth fun, created a ministry of fun, opening theme parks, cinemas this will rock the boat a bit. challenging some of the conservative elements within the kingdom and at the same time reducing subsidies so there's a lot going on there. >> before we move on to external pressures, i've had the same problem with the saudi strategy before 2013 as i had with the qatari strategy, the uae, everybody is trying to do the same thing everyone wants to be the financial hub, the industrial hub, they want a bigger port down the road. then dubai says we will build one. you have etihad versus the

emirates i'm worried about the overlay of capacity and then we will have way too much capacity in the middle east. >> it's likely this speaks to the underlying competition between the states to make themselves relevant and, of course to create vibrant societies while enshrining these close political systems. >> what about the external issues we understand mr. trump and mohammed bin salman are close in terms of how they view iran as well and any threat to stability in the region could be extraordinary. yes, you may have an upside in the oil price, but to be fair that's not a cert. then which there could there co fallfalfall how much of a worry is this? >> there's been a coordination to bring the united states into riyadh's division. trying to show the main

destabilizing force is iran. others can be taken care of. bringing the two threats together, having the united states and saudi arabia work together to address them is sort of the biggest success story to come out of trump's support for mohammed bin salman. >> looking at it from the other side, from mr. ro hahn hahn -- rohani's point of view, is he really a changer >> iran does what it has to do to protect itself. it feels it's also under a crisis, nobody has legit ma tiid iran, or respected their role in the region this is iran's effort at protecting itself defensively through the support of regional proxies and the like, but ultimately it speaks to their own domestic weakness. >> you know as well as i do that this is a multi day

conversation, but we have gotten inasmuch as we can in a five-minute interview. >> thank you in the conversation we've had with the saudi new crown prince, or the president had, mr. trump talked about solving the ongoing dispute with qatar this comes as the u.s. secretary of state is urging arab countries blockading qatar to send a list of demands rex tillerson says these nations to present reasonable and actionable requests in order to end the dispute. senate republicans want to roll back expansion of america's healthcare benefits for the poor that's among the details starting to dribble out. dribbling out about the healthcare overhaul that the u.s. senators are expected to unveil later today the "washington post" reports that the bill will repeal most of the taxes used to pay for obamacare and cancel funding for planned parenthood

a vote on the bill could come as soon as next week. president trump used a rally in iowa as an opportunity to set out his policy agenda to supporters blayne alexander has more. >> reporter: out of washington and in his element >> we are making progress. >> reporter: speaking to his base in iowa, trump rallying support for his agenda on tax reform -- >> if we get it the way i want it, the largest tax cut in the history of the united states of america. >> reporter: on healthcare >> but i hope we'll surprise you with a good plan. >> reporter: but acknowledging with zero democratic support the bill faces a rough political road ahead >> we have a slim, 52-48 that means we basically can't lose anybody >> reporter: and a victory lap mocking democrats and their candidate after last night's republican win in georgia's

special congressional election >> they thought they were going to win >> reporter: after an early brief interruption by protesters praise for the crowd size. >> we're not even campaigning and look at this crowd >> reporter: as the president heads back to washington with healthcare in the forefront. a senate draft bill set for release thursday morning on the heels of tonight's rally, president trump's first official re-election fund-raiser is set for next week. it will be held down the street from the white house at the trump hotel. blayne alexander, nbc news, washington just let me tell you that mrs. may is talking in the house of commons at the moment talking about the grenfell tower. so just to say that there's a statement being made by the prime minister in the uk house of commons, which is opened by the queen's speech yesterday

looking at the u.s. futures. see where we're trading. the outlook for the u.s. markets, dow looking fairly downbeat at the start of trading. nasdaq was an out-performer to the upside as people found more faith back in the tech sector yesterday. european indices looked like this we have come off and now maintaining those declines we have not moved since this show began down a half of a percent for the ftse 100 xetra dax down about 43 points cac down 0.6%. ftse mib over in italy, down 0.9%. the foreign exchange markets. we have euro/dollar 1.1163 and we have the pound trading 1.2662 we'll take a short break what is going on in the united states the second biggest ipo of the year, the u.s. operations of altice

you know what this one is, cable vision and suddenly became one and then a threat to the likes of the owner of this channel, comcast. we'll talk about that company an plenty more when we come back on "street signs. whoooo.

you're searching for something. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if there was a single site where you could find the right hotel for you at the best price? there is. because tripadvisor now compares prices from over 200 booking sites... ...to save you up to 30%... ...on the hotel you want. trust this bird's words. tripadvisor. the latest reviews. the lowest prices.

mixed fortunes for many of you on the biggest ipo of the year, snap there's a few questions still to be answered about valuations what about the next biggest? altice usa has raised 1$1.9 billion in it's ipo which will be trading day the market cap will be approximately $22 billion. altice usa will trade later

today under the ticker symbol atus what is the company? it's two major assets and a few other bolt-ones. those two big assets are cable vision, bought for 18 billion in 2015 and sudden link but this company will still be owned by patrick drahi he's big big in european telco and cable and trying to get big in the united states. he's taking on the big guys, like this company, comcast, charter communications to do so he's taking on a lot of debt this company around 24 billion bucks of debt. that's an issue. they can't be too greedy on the ipo because the word is they'll go back for more and more as they build up scale throughout the united states. as you know and our company knows, cord cutting is an issue where people are cutting some cable sub skrep shscriptions an

limiting growth on that side of the business but there's also growth in broadband internet doesn't matter if you're comcast, charter or altice, you want a bigger slice of that pie because it's growing quickly intense competition for customers. we talk about daus in terms of internet trying to get your customers up is key that's a sticking point for the company. their net tv residential customer shrank from 3.6 million a year ago to 3.5 million this time around. patrick drahi has an unprofitable business which last year lost 720 million bucks, but the losses in the first quarter of this year were dramatically lower, less than half of a year ago. trying to get to profitability, dealing with cost getting, getting down the debt load and dealing with that intense competition. as we know the big players will not sit there and watch someone else come up

lots of massive issues in u.s. cable of which altice is aiming to be one of the top three players. we talked about diageo we've been talking about diageo's deal to buy george clooney's high-end tequila brand for up to a billion u.s. dollars. the growing taste for tequila is not the only thing changing in the drinks business. food and beverage brands are trying to figure out how to reach consumers in the digital space. that's one of the topic at cannes' lions, the event for advertising professionals, also a place where you get the great and the g tood, the swankiest people two ladies who love hobnobbing on the yachts, carolin roth and tanya briar. he >> hello >> that's to the fair. we've seen you on boats, too

>> a dingy >> thanks, steve you know what we had to do it, we had to get what you wanted so carolin had to get on the boats to find out what's happening behind the scenes. >> being on a boat at cannes is second nature. everyone does it let's talk about some of the biggest industry trends. steve, you were talking about the revival of the whiskey, the gin trade. that's happening in europe diageo is a company, the world's biggest spiritsmaker, that is benefiting from that at the same time we're seeing the beer market in terms of volumes is slumping a bit. last year we saw a decline of 1.3% for 2016. now diageo is an interesting one. obviously they both -- they own both beer but also whiskey brands when i spoke to the cmo of diageo yesterday, she said the beer market within diageo held up better than expected. but this deal overnight, which took a lot of people here by

surprise $1 billion for george clooney's business that's something really speaks to the revival of the gin and whiskey have tanya e who have you been speaking to? >> in steve's absence, i had to take over for him, the great and the good have been here. i caught up with two hollywood actresses, mean thina savari and alicia silverstone they've been hear at cannes lions promoting their new television show called "american woman. it's for the paramount channel it's all about 1970s feminism in the united states. when i caught up with them i wanted to ask how they felt about women in today's hollywood and whether they feel that equal pay is fair. so this is what they had to say.

>> why not i work just as hard if not harder than other people you should be acknowledged for what you put in to your profession that's only -- that seems only fair to be paid accordingly. >> do you find it surprising that women are still fighting for equal pay? >> yeah. i find it surprising that our show takes place in 1975 and we have made strides, but really not. and it's not that long ago just the experience of working on the show and going back i couldn't believe some of the things that women experienced then i didn't even know not having a bank account or -- >> it's really interesting my mom was always surprised by my behavior as an independent person because of her generation.

she's this age when i was -- in 1976, she was 35 years old she was exactly the age of what bonnie is supposed to be i think, you know, i noticed her in some ways i feel sometimes ungrateful because, you know, you forget the women that had to really fight for that to get us here we're like it's fine, what are you talking about? being a woman is easy. not really, but you know what i mean >> yes >> you think is it fair to say, because there is -- there's a criticism that you're under the current administration, do you feel that's pushing women back because there's been so many women's marches, women are speaking up, a lot of women from the entertainment industry are speaking out against the president and feel he's pushing women back do you agree with that >> i don't think he can. we're too strong, too clever there's no way women are going

to -- it's wonderful we have to fight you have to speak up for what you need and want. once the panther has risen >> we will not go down it's impossible. >> i second that >> well, there you have both of them talking about the role of women in today's hollywood and industry another big thing here has been diversity. i caught up with sir ian mckellen to talk about why he was here he had never been to cannes lions before, nor had alicia or mina, they now feel this is a huge platform for them sir ian wanted to talk to brands about how they'll tell the right stories going forward. of course it's not just about the deals being made as well

>> of course major topics discussed here, safety, diversity, gender equality on that note, back to you. we'll go on the board. >> we miss you here. >> be careful of the sea sickness >> they've been calling us we'll be careful >> champagne, bon bones and sun sebon-bones. a look at the u.s. futures, a slight down tick at the start of trade. house prices, index of leading indicators, kansas city manufacturing index, and then "street signs" tomorrow. we'll be back then bye. [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward.

at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

hi i'the it's right now.lver suites and houses on mars. think about it. we can push buttons and make cars appear out of thin air. and find love anywhere. he's cute. how? because our phones have evolved. so isn't it time our networks did too? introducing a new kind of network. america's largest most reliable 4g lte and the most wi-fi hotspots. call or click to take advantage of a limited time offer. xfinity mobile.

good morning crude realities. oil prices continue to slide as glut concerns persist. breaking deal news private equity firm reportedly in advanced talks to buy staples. and that's the spirit. george clooney scores a big pay day by selling his tequila brand to diageo. it's thursday, june 22, 2017 and "worldwide exchange" begins right now. ♪ good morning welcome to "worldwide exchange." i'm sara eisen >> i'm w