. >> kraft heinz, we have a special interview with irene rosenfeld at 10:00 i went over that conferencel i think the world of irene but they stabilized. but i think that david when a new ceo comes in as is the case with kellogg, if there are takeover money, shouldn't that leave? >> it's rare a new ceo sells a company. >> we're got to go, david. >> good morning, guys, mixed open somewhat surprisingly consumer staples are flat to slightly up. let's look at the sectors. once again every day this semiconductors have been the market leader and that's the case again today banks up a little bit and materials and consumer staples and noble had earnings down a little bit even though they beat i do want to emphasize what's going on with oil. we were over 54 earlier in the preopen. and we are cleose to breaking through to highs for the overall year that's very important. the two big developments right now, talk about extending the opec supply cuts and earnings had been pretty good for big oil. bp reported in london they beat on earnings and revenues and upstream and downstream was better than expe

irene rosenfeld, chairman and ceo of mondelez says we're pleased with our improving ref move growth drivenstrength of power brands, continued momentum in emerging markets and europe just breaking down regional sales, net sales in north america, $1.78 billion, slightly above estimates. this is not just a story about emerging markets, kelly, clearly north america also doing well. also just point out mondelez sees fiscal year '17 free cash flow at about around $2 billion. shares are up about 3% kelly? >> all right, seema, thank you by the way, don't miss an exclusive interview with outgoing mondelez ceo eileen rosenfeld tomorrow at 10:00 a.m. on "squawk on the street." michael, what do you make of these numbers? >> firmer than expected. a little bit of a sigh of relief, basically the stocks after hours on the response to the report recouped today's losses did have people bracing potentially in a weak group for something maybe a little bit more disappointing. >> karen, how would you read this whole thing i mean, we spoke with hervy l sy last hour, ceo rang the bell, of course mondelez tried to

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