he the grand son-in-law of sam walton and he will succeed rob walton, sam walton's son.s old and has had a number of management positions at walmart. he is also been a venture capitalist. alibaba wants to ulster its presence in the united states. -- bolster its presence in the united states. they are opening a washing did in office -- washington office. those are your top stories of the morning. the markets are closing in europe, so for the latest let's go to narrow in london. nara: let's start with the big picture here. you can see the kleins pretty much -- declines pre-much across the board there. grease a big concern. itgreece a big concern here we still have no agreement on that bailout. it runs out at the end of this month. a big concern not just in europe, but globally. if you look at the movers we are watching today in terms of benchmarks, the worst-performing in european markets today is the athens stock exchange. the only benchmark that is posted losses so far this year. ftse 100 also not doing well. extending a two-month low. 600 extendingtock to its lowest lev

penner will succeed rob walton. most of the independent directors will serve on at least two board committees. >> man, they are going to have -- they will be able to do nothing else. has he put his brand on the company yet? has he made it so layer after layer is his? >> he's certainly done some -- the wage increase alone is a significant seminal move. he is trying to make the stores look and feel different. mcmillan has to address the fact it's more fun to go online than go to the stores. he has to make it so you want to go to the store. >> i have a feeling -- greg penner is the grand son-in-law of sam walton so it is staying in the family. >> i'm not against that. i think the old day sam walton going to the different store ss, talking about going to the stores doing the granularity, looking at things. brian cornell popping in on stores looking at things. mcmillan has to make changes on the spot. i think he is a bold man and i am rooting for him. i want to go to my walmart and feel great. >> i will say this. the wal

rob walton who has been executive chairman who has been chairman for 20 years.45-year-old triathlete from california. he is said to bring a lot of technology experience to the walmart board. he has been on the board of walmart since 2008. he has had various jobs at walmart since 2005. he has invested the family's money out at drone capital. he has a stanford mba and has a sense down here that he is going to bring his california sensibilities to this arkansas retail giant. a lot of people are saying this is best because his tech experience can help push the company and e-commerce. stephanie: it is what you and i just mentioned. given the amount of products they sell and the price points should be a competitor to amazon. they want to be, but they're not yet. erik: do you buy that walmart is becoming -- i'm sorry, amazon is becoming more of a competitor to walmart with showrooms. stephanie: let us look at other movers this morning. i want to bring in julie hyman taking a look at what stocks are moving now that we have just opened. julie: it is amazing that we had t

the walmart board has elected a new chairman, the grandson of founder sam walton and will succeed rob walton. he is taking on the new role after joining the board of the world's largest retailer in 2008. >> when it comes to our board, because of our families commitment combined with strong independent director voices, we have a great balance. now is so important right with a tremendous change that all retail is going through. fory: walmart set the stage his succession when they named the newly created position of vice chairman and has been a venture capitalist and formerly worked at goldman sachs. u.s. officials are familiar with the hackers who stole data on as many as 4 million current and former government employees. they say it's the work of chinese cyber thieves who have already stolen information from health care companies. the hackers may be targeting employees who have applied for security clearances. china is rejecting the suggestion that it is responsible. whichs staying the course means more competition for market share between oil producers. the oil cartelof agreed to keep daily

he'll take over for rob walton who has been chairman for the last 23 years.isory firms had umped shareholders to vote for an independent shareholder. >> it's an event that brings together some of the best chefs in philadelphia. and it's not just about the food. it also raises millions of dollars for a great cause. alicia vitarelli has a preview of a special night celebrating a big milestone. >> reporter: this is the tenth anniversary. >> it's crazy to even like -- to even think about that. >> reporter: in the past decade the vetri family has helped raise millions for alex's lemonade stand and the fight against childhood cancer and next tuesday roughly 1200 hungry people will once again pack the navy yard for a great cause with great chefs. >> this brings together some of the top chefs from not only around the country but around the world. >> jose is coming. >> reporter: alex. >> this is her first year. >> reporter: always a staple the chew's chef michael simon. >> he always does my events i always do his events and he's awesome. >> reporter: there's an after

walton,succeed rob sam's son. he is taking on the board of the world largest retailer in 2008.ot a bad marriage there. erik: china says it did not have anything to do with the massive hack attack on the files of u.s. federal employees. officials say the hackers broke into the office of personnel management and stole as million million- as many as 4 records of current and former federal employees. mediahave seen many remarks about this, but are they scientific? many hacker attacks are committed anonymously. it is irresponsible to make these trump up assumptions without an investigation. erik: among the targets of the hack attack are workers who applied for security glances. a motive may be to obtain personal information that could be used for blackmail purposes to turn some of those u.s. employees to spies perhaps. in greece, the prime minister will adjust parliament an hour from now. yesterday, he would suspend a scheduled loan repayment to the imf and reject the latest a lot offer. elliott is an athens. lliott: greece's decision last night -- this announcement that was not wid