eastern. >>> and texas instruments ceo brian crutcher is out after two months on the job.rutcher stepped down late yesterday over what texas instruments said were violations of the code of conduct texas instruments said the violations were related to personal behavior and not strategy or financial reporting. >>> united airlines second quarter results topping forecast, despite a surge in jet fuel costs the airline also raising its guidance for the year. stock up nearly 4% don't miss oscar munoz today at 8:00 a.m. back over to you >> see you in a bit. thank you. >>> today is the big day it's cnbc's eighth annual delivering alpha conference in new york leslie picker is getting ready and with a look at what attendees can expect leslie >> in about three hours delivering alpha kicks off right here in new york in a world rife with political divide, trade uncertainty and signs that a recession is near, this event brings together some of the smartest minds in business and politics to help make sense of it all ken griffin is here his hedge fund is outperforming the industry and the

. >> also late today, texas instruments saying ceo brian crutcher has resigned after it was revealed that they violated the code of conduct. the current chairman will take over as chief executive and president and wil continue to serve as chairman as well. shares were lower after hours on that news, b they did end the regular session higher by 1% to 115.80up coming , it's fast,urus and one of the rarest cars around. ♪ ♪ >>> four states sued the federal government today to avoid the new cap on the federal deduction for state and local taxes. he states are new york, connecticut, maryland and new jersey. they say the $10,000 cap disproportionatearms high-tax states and the ndesident's home prices, spending job economic growth. the lawsuit comes seven months after the pntsident signed law that 1.5 trillion tax overhaul that included the deduction p. >>> it is the most expensive car in the and the first one to come off the assembly line was delivered today to a man who bought it sightranseen. robert was there. >> imagine buying a car without ever driving it or seeing it and imagine that c

. ♪ issuance ceo brian crutcher is resigning after violating company code of conduct.s job for these violations. >> yeah, and particularly for texas instruments, which is a low-key, disciplined operator. this is an unnecessary distraction. and remember, this is a new ceo, and rich templeton was looking to server more than a decade as ceo and for a long time with the company. unnecessary distraction, but it doesn't take away from the investment. ♪ weres. aluminum tariffs meant to protect the industry from foreign competitors, but instead they are taking a bite out of the earnings of alcoa, which lowered its 2018 projections as tariffs are presented. the company says it is a "significant had went." this wasn't supposed to happen. >> no. but there is a fine tradition of coming out with very aggressive tariffs and sanctions, been backtracking quickly when you see it causes the economy to collapse. we saw that before were the tension went after one particular individual, and then they realized it would have this enormous effect on the rest of the world, and then everyone wo

ceo brian crutcher is resigning from his post after filing the companies -- violating the code convictwho has lost his job for the sources violations. >> particular for texas instruments which is a steady and low-key, disciplined operator. this is a unnecessary distraction. and rich new ceo templeton was looking forward to returning after serving for more than a decade. and for a long time at the company. unnecessary distraction but it does not take away from the investment pieces. u.s. aluminum tariffs are meant to protect the industry from competitors but instead they are taking a bite out of the earnings. as low as 2018 projections as theffs are presenting what company is presenting a significant headwind. there is a fine tradition here of coming out was very aggressive terrorists. the back-tracking rapidly when you realize it will cause the economy to collapse. the intentionere was to go after one individual. the may relate there's going to have this enormous effect on the rest of the world and everyone is going to suffer. they backtracked on that. i think we are heading down the s

texas instruments says brian crutcher violated the company's code of conduct. it did not elaborate. best known for its graphing calculators, texas instruments is one of the largest chip manufacturers in the u.s. and isn't the only chipmaker whose boss left for conduct reasons. last month, intel's ceo resigned due to a, quote, past consensual relationship with an employee. >>> goldman sachs officially named its next ceo, kicking off a new era for the bank. president david solomon will take over in october. he is a traditional pick. he's been at goldman almost 20 years, leading its investment banking unit for a decade, but solomon also has some nontraditional extracurricular activities, working part time as an electronic deejay under the name d.j. d.sol. he led the bank through the financial crisis and heightened financial regulation afterwards. >> can we sample those tunes next hour? i want to hear his deejay work. all right, "early start" continues right now with the art of the cleanup. >>> president putin, he just said it's not russia. i will say this, i don't see any reason why it

ceo brian crutcher is out as president and ceo and member of the t.i.board the reason, violations of the company's code of conduct. the company saying in a statement the violations are related to personal behavior that is not consistent with our ethics and core values and not related to company strategy, operations or financial reporting. rich templeton the company's chairman to re-assume the role as chairman on an ongoing indefinite basis templeton's appointment, the company is saying is not temporary and the board is not searching for a replacement. t.i. also reported financial reports and second-quarter revenue 4.02 billion and adjusted eps of $1.37 and if that compares, t.i. would provide full second-quarter results. bernstein telling me he isn't too concerned with how this impacts the company. after all, crutcher was only named on to the job and been effective since june 1st templeton is a long time t.i. vet who is very well respected in the industry. melissa, back to you >> thank you very much, josh lipton crutcher had been at the company for 22 y

ceo, brian crutcher resigned because of conduct. not related company strategy, operations or financial reporting. his predecessor, rich templeton will come back to the role. haidi: mgm is suing the victims this shooting. the federal statute races liability for a company that has adopted anti-terrorism technology which mgm says they want a judge to declare that the company can't be held liable. up next, another chinese tech company is preparing to go public. thisll tell you more about company's plans to take on alibaba. this is bloomberg. ♪ haidi: it is a: 30 a.m. in singapore. 8:30 a.m. in singapore. we had a pretty optimistic view across broader asian equity markets. i am haidi in sydney,. . ramy: let's get to first word news with jessica summers. sachs hasoldman confirmed that david solomon will be the new ceo. this will assure in the new era on october 1. oldest will be the banks new leader in almost half a century. he has been a goldman for 30 years. almostxpected to pocket $85 million when he finally walks away. i will be stepp

texas instruments ceo brian crutch crutcher, he has resigned.p maker says that crutcher violated the company's code of conduct although it was not specific on what those violations were. it did say, however, they were not related to operations of the company. rich templeton who stepped down as ceo on june 1st will return to that job. i want to make one comment about this which is, you know, when you have these announcements especially in this age of me too, by default your brain goes there. >> more information would be useful if that's not the case. >> in some cases, i think these companies do a disservice both to themselves and to the individuals by not being a little more explicit about what the issues -- >> and to you. because you just want to be nose nosey. >> interest. >> i think as a shareholder you should know what's going on at the company. i think you have some right to understand at least the basics of the situation >> you ever get to the bottom of sir martin >> you know, i never did because they signed an nda. >> you were poking aroun

. >> some big news here from texas instruments, brian crutcher has resigned as ceo and the board hash templeton, the company's chairman to reassume roles as president and ceo on what is an ongoing, indefinite basis and there were violations of code of conduct, and personal behavior that is not consistent with our ethics and core values and they give us q2 numbers here, 4.two billion in revenues and that is adjusted eps of 1.37 and that would be a beat of 6 cents and full results coming on july 24th and texas instruments, brian kutcher resigning as ceo and the board naming rich templeton, the company's chairman as ceo. guys, back to you. >> that stock down 2.2 in the after market. >> the ceo of reebok is giving new life to the brand. we're back in a couple of minutes. highest in investor satisfaction with full service brokerage firms...again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going t

crutcher's misconduct, we just know he is stepping down. rich templeton is stepping back in. rich templeton has spent his career at texas instruments. the reins over to briancher. permanentking it on a basis. they are not looking for another ceo. scarlet: he is resuming presidency on an ongoing indefinite basis as chairman. -- as well as chairman. they chose someone least disruptive to the business looking for continuity over everything else. in contrast to what has been going on in intel where they are looking for a replacement. julie: we will keep you posted on this story. texas instruments shares falling on these headlines of it. this is bloomberg. ♪ julie: the texas instruments ceo has resigned due to code of conduct violations. this news coming out in the past few moments. rich templeton, the longtime ceo will reassume his duties. anon inined by bloomberg technologies. what kind of disruption will this cause? if templeton is stepping back in, maybe that will minimize this? knows thempleton business inside and out. his retirement is going to be a tad bit delayed. to compare and contrast this to the intel situation. in this case, you have the having the