the ceo irene rosenfeld will join us with a cnbc exclusive. and someone who helped launch the original mack computer. more squawk alley when we return. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest... ...in this big, bold, beautiful world. >>> mondelez meeting on both the top and the bottom line. our own sarah eisen joins us now with a special guest. >> i'm happy to welcome ceo much mondelez irene rosenfeld to the set of cnbc. thanks for making time on a busy morning. >> i'm happy to be here. >> talk about what drove better results, especially on profitability. it seems to be the story yet again is aggressive cost cuts. >> another solid quarter for us, as you said, on both the top and bottom line, and a key driver of that was the aggressive focus we've had on cost savings. both in overhead as well as in supply chain, and that together has allowed us to then

militia obama speaking and another powerful woman in the corporate world, irene rosenfeld.kelly is there with highlights. importantly, this was the first time we've heard from her since bill abbingman announced that stake. >> that's right. it was very interesting to hear what she had to say since that $5.6 billion announcement. she didn't really give us a lot of color on any other discussions with abbingman other than to say he has not asked for a seat on the board. activists generally, she spoke about nelson pelz and said it was tough to come to the decision to invite him to be on the board, but that he had been a constructive member. mentioned also as i said that abbingman had not asked for a board seat, but said also what has to engage with activists, you don't do that at your own peril. let's hear more about her words on activism in general as it applies to her company? take a listen. >> you have to engage with your shareholders. i spend a great deal of time with shareholders in the course of the year, and we have to listen to what they have to say. they're making signi

we will talk to reince priebus, and also irene rosenfeld when we come back. . >>> good morning, welcome on the street," i'm david faber, along with sara eisen and simon hobbs. we're live from the new york stock exchange. carl quintanilla on assignment in colorado for the debate tonight. we'll hear from him later in the hour. for now, let's look at the markets. oil, as we like to do at this time, we are ahead on all the major averages, wti, moving one way or the other significant amounts. up almost 4% this morning. big day on cnbc. the republican presidential candidates set to take the stage tonight. the chairman of the republican national committee will join us live from colorado. >> shares of apple and twitter reacting to their quarterly results in opposite directions. find out how you should be playing those stocks today. >> and our friend, david faber moving stocks higher is in advanced talks to buy starwood hotels. the deal, he said, will be announced in a week or two. >> we will start with the debate. just hours away from the republican presidential debate tonight on cnbc. this is