well before oscar munos came in. they say this is not about oscar munos.oard. where have they been that they now decided to step up? >> a key question. he says he doesn't want the job for very long. we'll find out more in the weeks to come, phil. thank you very much. back at hq. let's go over to the cme group. rick has the santelli exchange. >> it's an upside down world. not only in terms of treasuries but everything going on with weights. with southern economies. we love short shorts. everybody wants to be short treasuries. there's a lot of fails in the repo market and we are going to go into the weeds a little bit. i told you that we would go a little bit into the weeds. according to everybody that i talk to that familiar with what's going on in the repo market traders are willing to pay to get their hands on it. they're willing to take a minus 3% fail rate penalty. they want to be short. they love their short shorts. now having said that, let's look at a couple of charts. let's look at a one and a two day chart of tens. do you see what rates are doing?

oscar munos sent a letter to united employers suggesting that you are.eir words you're waging what they call a coup and it's been a distraction and when you look at the board we point out that there's 15 board members but three board members are not going to stand for re-election so let's take that down to 12. that number includes two members of the union so you can take and maybe say there's ten real board seats. how would you push back against that argument that says if you take all of that into consideration you are by virtue trying to take control of this board of directors. >> i think it's misleading on several fronts. >> first, the board was 14 people. we chose a slate of 6 because it was a short late and noncontrol slate. they increased the size of the board to 15 and maybe 16 and as they said they're going to appoint somebody else. the ball is in their court to tell the shareholders of the company how big is this board? how many directors do they expect to put on their proxy. we don't know before this point in time but we have no interest in runn

. >>> and less than two months after having a heart transplant. 57-year-old oscar munos took a leave after starting his role. saying munoz is already participating in major corporate decision. >>> police arrest a periscope user while live streaming from driving drink. >>> police say he was driving this suv when he took to the internet live streaming a dunkin' joyride a cigarette in one hand a cell phone in the other driving drunk. it this way. watching it on the life video, he allegedly chugging whiskey and drivinger ratically. and a dispatcher monitored the app and monitored the location recognizing landmarks like the jones beach tower. >> an odor of alcohol when they approached the car. field sobriety tests all failed. >>> the student studying business on long island removed the video from his profile. told his landlord he doesn't drink. >> he living upstairs. >>> responsible tenant. >> this is very shocking to me. it is in the the first time they kipped off crimes on periscope. >>> state police also credit the public with the frightening new distraction behind the wheel. a spokesm