i'm becky quick along with joe kernen and andrew ross sorkin. top stories at this hour, the obama administration is preparing a plan to send several hundred more troops to iraq to help in the fight against isis. officials say the plan would set up a new military base in anbar province. several advisers would help bolster iraqi fighters. final approval from president obama may come as early as today. in corporate news apple music is facing antitrust scrutiny. the attorneys general of new york and connecticut are investigating apple's negotiation with music companies. they want to know whether labels co colluded or were pressured into the subscription service. >>> and checking the markets this morning, the u.s. equity futures have been higher this morning. take a look at things right now. you see right now dow futures up by about 67 points. s&p futures up by 8. the nasdaq up by 20. >> silly wabbit. >> oh. check out wti. if you thought lower oil prices were here think again. right now the wti is up by more than 2%. $61.39 is the last trade. opec sa

i'm becky quick with joe kernen and andrew ross sorkin. richard bransen is no stranger of making headlines for thinking out of the box. he's offering fully paid paternity leave for a full year. we'll get the details later this hour. first let's get to the markets. take a look at the u.s. equity futures today. at this point up by 21 points. markets came roaring back yesterday. s&p futures up slightly as nasdaq is up by 3.5. >> a couple of big stories we're watching this morning. the world bank calling on the fed to delay raising interest rates until next year. kick the can a little further. the institution arguing that keeping rates at record lows would help avoid financial market volatility. in 2013 the imf suggested that conditions are not right to raise rates. that will just add to the on going debate in this country about what to do. two other central banks in the news this morning, south korea cutting interest rates citing a mers out break and an attempt to soften the blow to an economy already under pressure. meantime new zealand cent

i'm becky quick with andrew ross sorkin. joe is off this week. there's 504 days left until the 2016 presidential election. a new poll out this morning finds this could be hillary clinton's race to lose. the newest numbers show her leading all white house hopefuls at this point. there's a number of republican potential contenders and hillary clinton is the front runner as far as it comes to the democrats. we'll have a complete break down in just a bit. we've been watching the u.s. equity futures and after big gains yesterday you're looking at green arrows once again. these are moderate advances at this point. the dow futures are 17 points above fair value. the nasdaq up by 5.5. >> among the big stories we're watching today the ecb raising the limit of emergency funding for greek banks to around $100 billion. this is the third day in a row now that the central bank backed additional funding. athens works on a deal witsh it's creditors. michelle will join us in a few minutes. >> business activity expanding at the fastest pace in four years this morn

i'm becky quick with joe kernen and andrew ross sorkin. donald trump announcing his run for the white house. he has already upset neil young. another gop candidate and more controversy. i don't think we have permission to play it this morning either. let's get to our top story today. the countdown to the fed decision is on. at 2:00 p.m. eastern time the fed is widely expected to have no change in interest rates but i hike could happen before the year is out. the consensus of our cnbc fed survey is for a september rate hike. this is also a fed news conference day. yellen will be facing reporters at 2:30 p.m. eastern time and that's when we might get real interest on what they have to say, the questions coming in and how she answers them. cnbc will be there. it all happens during power lunch today. they have a all star line-up. yesterday the dow was up triple digits. a gain of about 60 points. you see green arrows despite the concerns of greece. the dow futures up by 68 points. s&p futures up by 7.5. nasdaq up by 14. let's take a look at eur

i'm becky quick with joe kernen and andrew ross sorkin. if you're running late today the universe is working in your favor today. you'll get an extra second. a leap second will be added today at 8:00 p.m. eastern time. this is being done to make sure that the atomic clock is synced with the earth's rotation. athens needs to make a debt payment to the imf. it is not expected to do that. the country's existing bailout program also runs out today. overnight european commission president jean claude juncker made a last minute offer to greece but the greek prime minister alexis tsipras is not likely to agree to the proposal. we're going to be talking more with michelle in athens and she'll be joing us from there with the latest in a moment. first let's get a check on the markets. you saw what happened yesterday here in the u.s. with the dow down 2%. these are modest declines based on what we saw yesterday but the dax is down by about a quarter of percentage point. the cac in france is down by .2% and the ftse in london down by .5%. the markets

i am joe kernen along with andrew ross sorkin and michelle caruso-cabrera.uick is off today not because of tampa bay or anything like that although we'll be inundated with blackhawk stuff in just a second. take a look at equity futures which most people would after the weakness we've seen would be in a depressed mood. but you're just riding high aren't you? look at you. look at you, j.b. prytzitzker. blackhawks fan. >> blackhawk nation. >> we're going to take a shot eventually. there it is. >> a true hockey fan. that's almost a -- what do they call it? that's almost an abundance of riches. >> you know how many years before that we didn't have one? >> and i said if it helps you deal with the cubs in that sort of legacy -- >> cubs are going okay. they'd make the playoffs if they stopped right now. >> people have been in analysis for years because of the cubs in chicago. >> it's true. i've only been there for 30 years rooting for them. i know there are people who spent a lifetime. >> you got to love just how good the blackhawks -- i got to admit. i thought tamp

i'm becky quick with joe kernen and andrew ross sorkin. all robo calls that come during dinner time all of that will be a thing of the past. first let's get to the markets. check out the u.s. equity futures indicated higher once again after three strong days for the markets. dow futures are up about 40 points above fair value. the nasdaq is up by just over 12 points. today's big story is greece. reports say that greeks actually pulled more than a billion euros out of banks yesterday alone but they're saying the nation's banking system remains stable. they're holding a emergency call right now on greek funding. they're talking about whether to extend more liquidity to the greek banks. this could be a pivitol moment. she flew there because we're concerned about what is happening this week. she's joining us with the latest in a couple of moments. >> the bank of japan deciding to maintain it's massive asset buying program. that move was expected. there was a rough week in china. the shanghai composite dropping nearly 9% marking the biggest wee

. >> i'm becky quick with andrew ross sorkin. joe is off today.e have a great story for all of us that have ever had e-mail regret. maybe that it was that mistaken apply all or maybe you sent a nasty note about your boss that you accidentally sent to your boss. now gmail is rolling out an undo option. the details coming up in a bit. in the meantime let's get to the market news of this morning. take a look at what's been happening with the u.s. equity futures. there's been a pull back on concerning stories out of greece. the dow futures down by 55 points and the nasdaq down by 12. >> bonds and currencies also reacted. identify mans ministers from the-- finance ministers are set to meet tonight. we'll bring you a live report from europe in a few minutes. in washington the senate is expected to pass a bill today to give president palm balm expanded trade negotiating powers. this comes after a lengthy fight with unusual bedfellows. the house already passed the measure and on the economic docket a final revision of third quarter gdp expected to show an

i'm becky quick with joe kernen and andrew ross sorkin. remember last summer's celeb gate?hey ended up online after a hack. jennifer lawrence kate upton and kirsten dunst were effected. now it may reach wider than known. the breach of almost 600 online storage acounts. we'll have more on that story a little bit later this ho

i'm becky quick along with joe kernen and andrew ross sorkin.reek prime minister traveling to brussels for a key meeting. greece and its lenders need to agree on a deal to unlock remaining bailout funds. the ecb is meeting in frankfurt and a rate decision is set for 7:45 eastern time this morning. president mario draghi will host a news conference later. economists are looking for the ecb to raise its inflation forecast. that would suggest that its asset-buying program is already paying off. take a look at the european markets ahead of all this and you'll see there are some green arrows. the dax is up half a percent. the ftse up by a quarter percent and in greece that market up by 4%. take a look at what's happening right here in the united states. after the down day yesterday for the markets, you see that the dow futures are up 38 points this morning. s&p futures are higher by 4, the nasdaq up by about 10 points. check out the dollar. it had a rough day yesterday. it was down the dollar index, by 1.6%. this morning it is higher. it's trading ag

i'm becky quick along with joe kernen and andrew ross sorkin. t us off with today's stories. >> we have u.s. equity futures ahead of the jobs report. take a look and see what's going on. things not looking great. dow looks like it would open off about 18 points and nasdaq off a point and a half and the s&p 500 off a point, as well. of course, all that could change at 8:30 when we get the employment numbers. in the meantime, developments in greece overnight. the company not making a payment to the imf that was due today. they will bundle four payments due this month into one lump sum of 1.5 billion euros and that will come due on june 30th. canceled a meeting scheduled for today with the european commission. he is expected to address parliament at 11:00 a.m. eastern time and that is a speech that could move markets and, of course, we'll bring you the news when that happens. >>> we have been reporting all week the cartel is expected to keep current output ceiling unchanged. corporate news this morning. vodaphone in talks with liberty global on a sw

i'm andrew ross sorkin.rath, under secretary for economic growth and we don't, not a former fat cat with goldman sachs. you don't put that on your resume? resume? >> that doesn't go away. that's a taint. >> a beautiful stain. >> we are 90 minutes away the futures are fought nearly as bad as what we have seen in the rest of the world. who knows? no. 1 does it happen no. 2, if it does happen those are the two questions. >> saying is it lehman means it's probably not going to be a lehman. don't you think? >> i was there. i think this is nothing like lehman. it will be a non-event. >> what was your number at ten? >> 32. it was ivy league. >> fullback. >> what was your number? >> 32. >> 32 advisers. why is that a familiar number? >> oj. >> okay. we will continue the conversation. in the meantime, we want to get right to it. talking about greece. michelle cabrera russo joins us. the banks are closed in greece. if you are a greek citizen, are you limited to only 60 euros. if you get to an atm that has cash, they ha

i'm andrew ross sorkin along with joe kernen and becky quick.ing story to tell you about in south carolina. nine people shot dead during a bible study session. one of the nation's oldest african-american churches. the charleston police chief is calling this a hate crime at this point. the gunman is still at large. we will keep you updated throughout the morning. meantime we'll get back to becky with the business headlines. >>> in our headlines this morning, angela merkel says an agreement between greece and lenders is still possible. those comments come ahead of the eurozone. finance ministers are meeting there today. >>> gm fiat chrysler is pushing for a merger. reuters says the ceo sergio marchionne is still seeking a deal. >>> and fitbit goes public on the new york stock exchange this morning after priced at $20 a share. that values the company at about $4.1 billion. fitbit's ceo will join the "squawk on the street" crew later this morning. >> yeah. it's another one, andrew. $4 billion. $4 billion is not $25 billion for airbnb. >> still a lot

i'm becky quick with joe kernen and andrew ross sorkin. big win for the warriors last night to even the nba finals at two games a piece. there's two stories trending about this this morning. both lebron james -- first of all a wardrobe malfunction and a bloody run in with a camera on the baseline that required stitches. we'll explain in a little bit. but first the business news of the morning. u.s. equity futures. this is a week things have turned around for the stock market. things are relatively flat but at this point we look like we're on our best week for april for stocks after starting out looking like it was going to be a rough week. we'll see how friday finishes out but things are flat right now. >> jack dorsey heading back to the helm of the company. he'll going to run things why they try to find a replacement for dick costolo stepping down on july 1st. shares did pop on the news yesterday afternoon and you can see they're up almost 5% in the premarket and as we said we will be talking more about that in a little bit. in addition a

i'm joe kernen along with becky quick and andrew ross sorkin.stering a bounce from a session that you would have to call sort of more the same on friday. up last week. up down, up down, up down. and we end somewhere around 18,000, which we've been talking about. one bad day and we're down for the year. and that's the way it's been so far and it's going to be june soon. you know what i mean. >> june today. >> june today today is the day. >> i knew that. my dad's birthday, actually. he's listening, happy birthday dad. anyway we will see whether that holds up and gets better or worse. so much to think about. and we're going to talk to a pretty smart guy in a minute. let's get through this. >>> we'll get you through some of the top stories at this hour. here's what's happening. breaking overnight. the nsa is pulling the plug on some of its intelligence gathering. the senate missed a key deadline key portions of the patriot act passed after 9/11. an extension was blocked by senator rand paul and among the tools now banned the government's collection

i'm becky quick with joe kernen and andrew ross sorkin. the technology world is taking note of lebron james this morning because he has been a pitch man for samsung for years but lebron gave his teammates apple watches during a get together before game one of the finals. the nba star does have some connection to am as well. he advertises for beats and apple's big push in the music streaming in just a minute. >> he once said that he would never juan to be on a mcdonald establish diet and then actually was sponsored by mcdonald's or some crazy thing. >> i'm sure they appreciate getting an apple watch. >> let's get to the future's markets this morning. the dow futures are down another 43 points. s&p futures after by close to 8 and nasdaq down 21. >> hsbc cut it's risk weighted assets by a quarter. we've been having this conversation all morning about how to pronounce his name property. reaching out to urge yen rahal motors into a merger. contact with activist investors have yet to land a backer. activists pushed gm to buy back billion million

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is off today.re has been a big rebound after declines yesterday. dow close to triple digit gains this morning. 96 points. they had their weakest day in a month yesterday. let's take a look at s&p futures. the nasdaq up by about 21.5 points. >> haven't got any new pictures from joe on his european vacation. if you're watching send them in. >> i hope he's not in an uber. >> i was told by the producer we do have them. >>> meantime here's what we're watching this hour. the takata ceo says the internal probe not progressing. the embattled ceo apologizing saying he wants to see the crisis through. this as millions of cars continue to be recalled. >>> and the supreme court set to issue decisions on some major cases as early as today on same-sex marriage. they will decide whether to make it a constitutional right or uphold state restrictions that bar same-sex couples from marrying. then on obamacare, the court could repeal part of the law that takes health insurance coverage away from millions of americans

i'm becky quick along with joe kernen and andrew ross sorkin.ome red arrows for the u.s. equity markets this morning. the dow futures are off, but right now down by about 63 points. s&p future is weaker as well. down by just about nine points and the nasdaq down by 29. >>> take a look at the losses in the european markets. the dax down by 1.4% and the cac, in france down by 1.3% and a lot of this coming as yields have risen for all of the european treasuries and right here in the yooupunited states as well. >>> finished talks with eu officials and he suggested athens would make a payment due to the imp tomorrow but still some differences between greece and international lenders and we don't have an official deal. dish network reportedly in talks to merge with t-mobile us. that's coming from "wall street journal" saying that t-mobile's boss, jauj ledger would serve as the ceo and dish ceo charlie mergen would become combined. the purchase price in that deal still to be decided. that article, the sentence was this. a deal between dish and t-mobile

i'm andrew ross sorkin with becky quick. joe will be back on monday.tors. we are now less than 90 minutes away from the opening bell on wall street. look at what's gone on. asia overnight. we've had some red arrows. it's been -- there's a story to this and we'll talk about it in a bit. most importantly the shanghai the index there down over 7%. quite remarkable turn. then europe now, bit of a mixed. icture as we await what's going to happen in greece over the weekend. here in the united states they were looking up earlier. dow up 62 points higher. s&p up about 5 points and the nasdaq looks it would open 8 points higher. >> we do have a developing story. one person was beheaded in an attack at an explosion at a factory in france. banners with arabic writing were found near the body. one suspect has been arrested. police were searching for anyone else who may have been involved. we will continue to monitor the story and bring you any updates we have. >>> let's get to other stories investors will be talking about today. a possibly optimistic sign today re

i'm becky quick with joe kernen and andrew ross sorkin. if you're running late today the universe is working in your favor today. you'll get an extra second. a leap second will be added today at 8:00 p.m. eastern time. this is being done to make sure that the atomic clock is synced with the earth's rotation. athens needs to make a debt payment to the imf. it is not expected to do that. the country's existing bailout program also runs out today. overnight european commission president jean claude juncker made a last minute offer to greece but the greek prime minister alexis tsipras is not

i'm becky quick with joe kernen and andrew ross sorkin.cing his run for the white house. he has already upset neil young. another gop candidate and more controversy. i don't think we have permission to play it this morning either. let's get to our top story today. the countdown to the fed decision is on. at 2:00 p.m. eastern time the fed is widely expected to have no change in interest rates but i hike could happen before the year is out. the consensus of our cnbc fed survey is for a september rate hike. this is also a fed news conference da

i'm becky quick along with joe kernin and andrew ross sorkin. the world of sports. at the top of the list american pharoah winning the triple crown. it's the first horse to take home that coveted title in nearly four decades. 90,000 people were on hand to witness history. many millions more watching on television in home. a lot of us wishing we could be there. more of the big money between the 3-year-old's accomplishments out there the morning. >> first, to business of the morning. u.s. equity futures. take a look now, you'll see at this point it looks like things are actually flat. we did have that jobs report on credit that came in better than expected. the market wasn't sure thousand react initially to that. you can see with

i'm becky quick with joe kernen and andrew ross sorkin.he warriors last night to even the nba finals at two games a piece. there's two stories trending about this this morning. both lebron james -- first of all a wardrobe malfunction and a bloody run in with a camera on the baseline that required stitches. we'll explain in a little bit. but first the business news of the morning. u.s. equity futures. this is a week things have turned around for the stock market. things are relatively flat but at this point we look like we're on our best week for

i'm becky quick with joe kernen and andrew ross sorkin.hnology world is taking note of lebron james this morning because he has been a pitch man for samsung for years but lebron gave his teammates apple watches during a get together before game one of the finals. the nba star does have some connection to am as well. he advertises for beats and apple's big push in the music streaming in just a minute. >> he once said that he would never juan

. >> i'm becky quick with andrew ross sorkin. joe is off today.t story for all of us that have ever had e-mail regret. maybe that it was that mistaken apply all or maybe you sent a nasty note about your boss that you accidentally sent to your boss. now gmail is rolling out an

i'm becky quick with andrew ross sorkin. joe is off this week.s left until the 2016 presidential election. a new poll out this morning finds this could be hillary clinton's race to lose. the newest numbers show her leading all white house hopefuls at this point. there's a number of republican potential contenders and hillary clinton is the front runner as far as it comes to the democrats. we'll have a complete break down in just a bit. we've been watching the u.s. equity futures and after big gains yesterday you're looking at green arrows once again. these are moderate advances at this point. the dow futures are 17 points above fair value. the nasdaq up by 5.5. >> among the big stories we're watching today the ecb raising the limit of emergency funding for greek banks to around $100 billion. this is the third day

i'm andrew ross sorkin. becky is on assignment today. con fwraj lagss to the chicago blackhawks. stanley cup in six seasons. beating tampa bay 2-0 last night in a game seen on nbc. this is the first time the blackhawks have clenched on home ice since 1938. >> in the meantime let's get down to business. see how the market is setting itself up. yesterday was a bit of a tough day. dow off around 80 points. s&p 500 off by 10 points.

i'm becky quick with joe kernen and andrew ross sorkin.ionized the way people to listen to music in 2003 an now it's trying to change consumer habits once again. this time its targeting spotify and other services. we'll have details on apple's $10 a month service coming up later this hour. but first as joe mentioned european stocks are selling off right now. take a look at what's happening here. the dax is down by 1% t.cac is down by 0.6%. this came after data showed that euro zone inflation was higher than photograph in may. sit bleeding over to u.s. equity futures as well. you can see that right now the dow is down by more than

i'm becky quick with joe kernen and andrew ross sorkin. bransen is no stranger of making headlines for thinking out of the box. he's offering fully paid paternity leave for a full year. we'll get the details later this hour. first let's get to the markets. take a look at the u.s. equity futures today. at this point up by 21 points. markets came roaring back yesterday. s&p futures up slightly as nasdaq is up by 3.5. >> a couple of big stories we're watching this morning. the world bank calling on the fed to delay raising interest rates until next year. kick the can a little further. the institution arguing that keeping rates at record

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is out.ed vacation this week. unfortunately for him, he probably didn't catch the end of the u.s. open. it didn't wrap up until after 10:00 p.m. on the east coast. that's about 3:00 a.m. for where joe is right now. we did see a heck of an ending jordan spieth winning after dustin johnson missed a birdie putt on 18. it was a three-putt in the end and he could have tied it if he made that putt and continuing in an 18-hole playoff. but instead, spieth wins his second major in a row early in the season. >>> the top story, the market's in rally mode on prospects of a greek deal. check this out, in germany, the dax is up by 3%. the

i'm becky quick with joe kernen and andrew ross sorkin that doesn't like this song. >> this is a morningi was late for the show about three years ago now and you guys had the camera right on me when i showed up and this was the song you played. >> sorry catchy anyway. ten more billionaires are signing on to the giving pledge. this was to encourage the wealthy to give away the majority of their worth to

i'm becky quick with joe kernen and andrew ross sorkin. all robo calls that come during dinner time all of that will be a thing of the past. first let's get to the markets. check out the u.s. equity futures indicated higher once

it reminded us at the cnbc 25 gala back in november andrew ross sorkin and kara swisher spoke with barrymartha stewart about their thoughts on dating websites. diller is fully behind services like tinder and match. martha is a bit less optimistic based on her own personal experience. >> you've been on match. right? >> i tried. >> are you on tinder? >> not on tinder. i don't even -- no. >> whatever happened on match? >> on match? two bad dates. >> oh martha. >> i'm sorry. >> try again. >> i tried. i tried. i'm a little bit odd for match.com. >> i don't think so at all. >> you try it. >> now that she's selling her company maybe she'd have better luck on that side. >>> from hooking up to breaking up google co-founder sergei brin legally divorced from "23 and me" founder after 28. given that brin is worth 30 billion mr. and his ex is a high-tech mogul in her own right, we're guessing the two will be okay at least financially. >>> safe assumption. hospital stocks on fire right now on the back of that supreme court ruling on obamacare subsidies. up double digits. but not all health care stocks

we're joined by kate kelly and andrew ross sorkin for how wall street is reacting to this loss.cked. i mean jimmy lee was an inexhaustible presence traveling all over the world working with clients seven days a week, all night. to think he passed and at this very young age unexpectedly is just a shock to everybody. everybody i've spokeown to on wall street be this they in the hedge fund world, private equity alumni of jpmorgan, people still there, share that surprise and really sad necessary. sheryl sandberg posted something on facebook about her sadness at the loss of a friend and collaborator. jpmorgan of course one of the underwriters for facebook's deal, its ipo. and i do remember when her book came out, "lean in," jimmy lee, interestingly, being a man, put together a women-only breakfast at jpmorgan in sheryl's honor and she spoke about the book and brought together really quite an array of women not just from wall street but from the legal community, from the entertainment community, and he really was somebody that was good at bringing people together. so i think wall stre

i'm becky quick along with andrew ross sorkin. futures. >> that pressure has intensified as the morning has gone on t. dow futures down 88 points below fair value. the nasdaq down by 21. >> a couple stories investors will be talking about this morning. the greek prime minister saying political motives are standing in the way of bridging the gap. cvs will be buying in-store pharmacies. russia is the latest country to cut rates, trimming its main interest rate by one percentage point joe. >> the average price of gasoline rising by 3 cents over the last two weeks. that's the smallest gain though, or steady increases. drivers paid an average of 2.87 a gallon. 82 cents below the average price, which was paid at this time at this time. see few miss that i remember it. >> with the g force? >> i'm going to call my dashboard a bridge. >> cap tony kirk move? >> i got to. >> having trouble leaving that behind. >> he does a good shatner. doesn't he? >> he does. >> we always got to go. >>> hudson bay is buying a german store. the deal combines

i'm becky quick along with joe kernin and andrew ross sorkin. huge weekend in the world of sports. at the top of the list american pharoah winning the triple crown. it's the first horse to take home that coveted title in nearly four decades. 90,000 people were on hand to witness history. many millions more watching on television in home. a lot of us wishing we could be there. more of the big money between the 3-year-old's accomplishments out there the morning. >> first, to business of the morning. u.s. equity futures. take a look now, you'll see at this point it looks like things are actually flat. we did have that jobs report on credit that came in better than expected. the market wasn't sure thousand react initially to that. you can see with that across the board, we will have more on the markets in just a moment. plus, we'll be joined by the newsmaker of the hour steve forbes is here. andrew has more of the morning's top stories. >>> one of the big stories that we're watching as joe mentioned at the top of the show deutsche bank is announcing

i'm becky quick along with andrew ross sorkin and brian sullivan. joe is out.is son a much deserved vacation this week. unfortunately for him, he probably didn't catch the end of the u.s. open. it didn't wrap up until after 10:00 p.m. on the east coast. that's about 3:00 a.m. for where joe is right now. we did see a heck of an ending jordan spieth winning after dustin johnson missed a birdie putt on 18. it was a three-putt in the end and he could have tied it if he made that putt and continuing in an 18-hole playoff. but instead, spieth wins his second major in a row early in the season. >>> the top story, the market's in rally mode on prospects of a greek deal. check this out, in germany, the dax is up by 3%. the cac up by an equal percentage point. the ftse up by 1.25. and in greece putting it back at 750. greek prime minister alexis tsipras will be meeting with the e krb ecb and the imf. so far the greeks are talking about concessions saying that they would not take. we'll have more from michelle about carebrera. take a look at what's been happening here in

i'm becky quick with joe kernen and andrew ross sorkin. apple revolutionized the way people to listen to music in 2003 an now it's trying to change consumer habits once again. this time its targeting spotify and other services. we'll have details on apple's $10 a month service coming up later this hour. but first as joe mentioned european stocks are selling off right now. take a look at what's happening here. the dax is down by 1% t.cac is down by 0.6%. this came after data showed that euro zone inflation was higher than photograph in may. sit bleeding over to u.s. equity futures as well. you can see that right now the dow is down by more than 90 points. s&p futures down by 10.5 and the nasdaq down by 28. >> let's also talk about a couple of other stories this morning. india central bank cutting interest rates for the third time this year. forecasters questioned whether the economy there is doing as well as the latest growth suggests. also angela merkel holding an emergency summit last night. and ecb head were among the officials to attend