that's the cnbc news update this hour. >>> tanked sharply failed to produce a production freeze, but then a lot of those losses wiped out. jackie deangelie? >> that's exactly right we started at a section low. but at one point we even cross the -- it shows how fragmented this -- that's been supportive

the cnbc survey tells a different story. when asked who is best for the economy for your wages or personal financial situation, clinton and trump are tied. 24% say clinton and 24% say trump have the best policies for the overall economy. 21% say none of the above. >> there's no clear advantage for either one of these two leading contenders going into the general election. a lot of it will be fought at the margins where they do have their advantages. >> reporter: clinton shows stronger support on health care, middle class and trade while the two are tried on immigration. trump has the best on having best policies for the wealthy and regulating businesses, banks and wall street. the electorate is angry. nearly three fourths of the public is angry and dissatisfied with the political system in washington. >> the economic anger that's out there is very, very wise spread. it's across both parties. i think more than any other survey we've done, we're seeing those economic anger and a that economic feeling being influenced and pushed

that is the cnbc news update this hour. back to you guys. >> what a story. thank you, sue herera. >>> china sparking global volatility with the shanghai composite testing new lows but worries seem to have eased thanks to an improvement in economic data. how long will this last? seema mody takes a closer look at the story. >> there is an active discussion around whether china's economy is in fact turning around. we did see two important economic reads, industrial profits and manufacturing coming in better than expected. but before we start celebrating, keep in mind that a lot of the economists expect further pain to come. they're staying cautious saying the rebound that we saw in manufacturing is purely a byproduct of the liquidity injected by the central bank and this is just a short-term blip in otherwise longer term secular decline and that the real growth will come once china completes the supply reform agenda which includes cutting down capacity that will take about 6 to 8 months. another red flag for investors, looking at china, is its earnings report ca

that's the cnbc update. ck to you. >> can facebook's blowout earnings beat help serve the tech sector after the tech wreck, as we've been calling it? >>> plus, hedge managers bill ackman and mike pearson about to appear before a hearing. it's been shaken and pummeled. it's innovative enough to brake by itself, park itself and help you steer. it's been in the rain... and dragged through the mud. the 2016 gle. it's where brains meet brawn. lease the gle350 for $599 a month at your local mercedes-benz dealer. intensely-flavored. beautifully-misshapen. when you cook with incredible ingredients...you make incredible meals. get your first two meals free at blueapron.com/cook. herthey work hard.ade, wow, that was random. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. th

comcast is the parent company of cnbc, which produces this program, and it says it expects to receive regulatory approval and the purchase will help comcast grow its film, television, and theme park products. shares of dreamworks up more than 24%. comcast slipped. >>> and there was one more, oracle agreed to buy cloud service provider texttura for over $660 million. the deal expands oracle's offerings for the construction and engineering industries by helping contractors manage large projects. shares of textura soared over 30%, oracle down 1.25%. >>> new data on the economy which grew at its slowest pace in two years during the first three months of 2016. the economy recorded growth of .5%, a bit less than expected. consumer spending slow, exports fell, business investment declined. but many experts believe the economy will bounce back in the current quarter. >>> the number of americans filing for new unemployment benefits rose last week but to levels still considered historically low. initial claims for jobless benefits, a proxy for layoffs, increased by 9,000. that basically matched

joining us on the cnbc newsline, good morning daniel. other disappointing result from a tech company, apple. i think perhaps watched more than any other. what is the main reason for this disappointment? >> well i think the real question is, you know, not what happened in the quarter, but can apple grow again? and so, you know, this is the first quarter in 51 quarters apple did not grow. the first quarter since the apple iphone was launched that they had an annual decline. those are pretty negative mile stones but for us as shareholders we have to say this is an opportunity buy the stock. and this could be an opportunity to pick up shares like it was in august like it was in january. but if you look at apple as a whole they are doing about $230 billion in annual revenue. about 80 billion of that is not the iphone. so they do 80 billion dollars in sales that aren't the iphone. and they have so much opportunity. and this is not the only tech company that hasn't grown in the current economy around the world. i think the key thing for me is th

i'm sue herera and this is the cnbc news update at this hour. at comcast is in works to buy dreamworks animation for more than $3 bi billion, and if they make a deal, it could make the cable giant a major challenger to walt disney, cnbc's parent company. and now, ford is recalling more than 200,000 vehicles due to faulty transmissions that. i can suddenly down shift to first gear. and ford is recalling explorers for a rear suspension issue, and no deaths are reported in connection to that issue. >>> and the key terrorist suspect in france is going to be transported from belgium to france. he was arrested after four months on the run. >>> and historic gang bust in the bronx, new york, and more than 120 people were charged today in con nnection with the narcotics trafficking, robbery, and attempted murder, and murder. and officials are calling it the largest takedown of gang activity in that city's history. that is dramatic news this morning. now we go back down the kayla. >> and now, thank you, sue. apple posting the first ever drop in iphone sale

that is the cnbc news update this hour, back to you. >>> sue, thank very much. are in the critical last half hour, the dow up 95 points right now. a leading trader will tell us what he's watching going into the close in just a few minutes. >>> also ahead, merck's ceo speaks with us. we'll get his reaction of the pell deal scratched as a result of the crackdown on tax inversion deals. stay tuned. >>> joining me as we head toward the close, it edward valdez, the fed minutes, what a surprise, they argued about it, but in the end they're not going to rate raise. oil is also trading higher, what is going on for you? >> oil is really the driving force right now. the fed has a little to do with it, but we're not surprised with it. it's going to be a tough month to justify raising rates. like janet yellen said, global situations and such, and you remember half of the s&p revenue comes from. >> what's the next catalyst for you. we've got earnings coming out about the same time? >> earnings look like they'll be a disaster across the board, so that will be a weigh on the m

joining us on the cnbc newsline this morning is the "financial times" joe lee. we are reading all sorts of wild and dramatic accounts of brazil this weekend. just walk us through the play-by-play of what led to this morning. >> reporter: good morning. we have just come out of a marathon session of the lower house. three days of debating and this vote overnight, in which 367 of the house, of the 533 lower house, voted for impeachment. it's quite a remarkable result. more legislators voted for impeachment than expected. so this landslide result is for the opposition. >> joe, where do we go from here? there needs to be one more vote to see outright impeachment? >> reporter: yes. next it will go to the senate. and that could appear within the next couple of days. and then the senate will debate for about ten days. and if the senate accepts this by simple majority, president you -- rousseff could be suspended. >> the stock market is up 23% this year, the brazil real has outperformed on hopes she will go and whoever comes in will be more business-friendly. is that goi

she has the cnbc morning news. hi, there, landon. >> that's right. e are still 85 million air bag deflators that have not been recalled. the inflaters can explode with too much. ten people have been killed in the u.s. due to faulty takata inflaters. takata has until 2019 to demonstrate all unrecalled airbag inflaters are safe. >>> wednesday, the major average is cruising to 2016 highs with financials leading the rallies. the bank's result set a positive tone for markets ahead of bang of america and wells fargo. the dow closing at a five-month high. the nasdaq up. >> that was good to see yesterday. landon dowdy with cnbc. landon, thank. >>> it's a chilly start this morning. some areas of frost too. but just like yesterday, we'll get some brilliant sunshine. we're an hour away from sunrise this morning. right now it's 43 degrees in philadelphia at 5:25. guess who's watching your first alert traffic. i'll tell you. it's jessica boyington. >> it's me. right around route 29. no problems in either direction. this is what most of our majors look like right n

that is the cnbc news update this hour. pretty cool, michelle. hank you, sue. >> the oil market is closing for the day. jackie deangelis is at the nye "x" with the final trade. >> good afternoon to you, michelle. looks like we'll close around $41 a barrel on crude oil. got a little bit of a pop after a selloff yesterday. three big reasons for this. people are still concerned about the kuwaiti oil workers strike though the government of kuwait has said it thinks it can put this under control and contain it and get production ramping up in the next few days. definitely something to watch and a dollar index trading around 14 and most people are expecting the dollar to remain weak. in the only boosted crude oil today and all of the commodities oil complex and also short covering here. people are getting a little nervous in this trade and new buyers coming in as well and expect this range to be very tight. today's intraday high was $43.50. back for you. >> jackie, thank you very much. the small cap russell 2000 has been lagging the s&p 500 this year bu

mean while, the euro group president has told cnbc the brexit debate hinges on the fact that european citizens no longer understand what value the eu actually delivers. >> i think it will be a negative impact, both on the eu and on the u.k. it's very hard to predict. i think one of the main issues is that we need stability rather than instability in europe across the board, political stability, stability at our borders, economic stability. we've had too much instability in the financial sector in the eurozone yes, we need to do a lot of work to improve how the eu functions and what it delivers for citizens. that's the key issue in the u.k. debate. >> do you think europe's let the people down? >> well, europe has been very much for almost 40 years or more about peace and prosperity. that was a given. it was not something that was debated. people took it for granted. of course, there was europe. that was a guarantee for increase in prosperity and peace. ever since the start of the financial crisis, i think that was a main turning point. there's been concern that are there risks, is it d

and that is the cnbc news update this hour. d it back down to you. >> thanks so much, sue. let's get to the cme group and check in with rick santelli and get the exchange. >> thanks, carl. happy fed day. and of course if it's fed day we always try to get an individual who has some in-depth awareness of the fed. and today, wow, we got the biggest character of all that fits that, and it's richard fisher, former dallas fed president. richard, thanks for joining me this morning. >> emphasis on the word character. i appreciate that, rick. >> hey, listen, you tell it like it is. it's so refreshing. so i'm going to hit you right with my best shot in the beginning. i don't think that central banks have adjusted very well to the hiccup of globalization. you know, we have a world that has excess capacity and the central banks keep throwing them lifelines, whether it's in the form of manipulates fx, rates that are probably too low, purchases of paper to keep sovereigns looking healthy, and of course all their holdings whether it's our cent

the cnbc rapid update suggests that patience is well warranted. since the meeting in march, wall street expectations for first-quarter growth have sunk to just a half a point. it was 1 bnt -- 1.9 % when the fed met. stable to rising inflation, calm financial markets, continued strong payrolls and rebounding u.s. economic growth. all of which seems like a tall order in an uncertain world. for "nightly business report," i'm steve liesman in washington. >>> still ahead, you work hard. you save. but how do you know if your retirement account will be affected by the new rules out today? >>> the owner of three volkswagon dealerships filed a lawsuit against the aautomaker, suing over the emission scandal and use of software that allowed more than half a million vehicles to emit more pollution than legally allowed. volkswagon is also facing lawsuits from the justice department and some states. >>> the former ceo of massey energy was sentenced to a year in prison and fined a quarter million dollars. don blankenship was given the maximum sentence for his rol

i'm sue herera, and this is the cnbc update. st one person was killed and nine injured out sooside of tax office in northwestern pakistan. the attacker fired shots before detonating the explosive device, and splinter faction of the taliban claimed responsible. >> and now, king a abdullah is meeting with french president hollande saying they are facing a threat of extremism. >>> and governor snyder drank a glass of water from the filtered water, and said it is safe and took five gallons with him. >> and donald trump voting at a synagogue in new york city as voters in new york take to the po polls, but last night in buffalo, he blundered a tribute to 9/11 and referring to a convenience store with a similar name. >> i was down there watching the police and the fire down there at 7-eleven, and i saw the greatest people i have ever seen in action. >> whoops, that is the cnbc update this hour. back downtown. >> and sue, i cringe hearing, that and listen, anybody who speaks in public, god forbid that happens to any of us. >> absolutely.

landon dowdy is here with the cnbc business news. good morning. >> hi, katy. ing. microsoft is suing the u.s. government over a federal law that lets authorities examine customer e-mails or online files without the individual knowledge. they say the government is abusing the law and has the right to tell customers when a federal agency is looking at their e-mails. futures are slightly lower. the major indices holding on to 2016 highs but ending mixed. look for earnings today from citigroup. on thursday, oil posting its second negative session in a row. the dow inching up 18 points. the nasdaq down by less than two points, weighed down by a 20% plunge in shares of seagate technology. back over to you. >> thank you very much. have a good weekend. >>> it's 5:25. 43 degrees right now. a deadly hit and run, now one of the men convicted learns his fate. we'll tell you what is next for a man who killed a mother and her three children. >>> and a sweet 16, one of the phillies young guns shows us a possible glimpse of the future with a record-setting performance. see what hap

. >> reporter: the cnbc fed survey shows markets are defintively not looking for a rate hike. 100% of those surveyed say, 94% said the next move by the feds will be a hike. they are looking for a later, looser fed. they responded in a calm and fun matter. they can see the next rate hike come income august. that's two month later than the prior survey. here are the expectations for the full fund rates. the blue line is the average. 2.7 for the long one. you can see this is closer but still below where the median of the federal open market committee officials are. so the biggest gaps there being in 2018, nearly a percentage point. where the fed rates will be and the market rates will be. looking at the chain, it will take the stockmarket will be, a nice read down here. this is the january, there is concern about recession. can you see we recovered where we were back in december. but the bad news in this chart is they have the market fully valued. they're looking for a 1% increase for the rest of this year. more of the hopes and dreams for the market are in 2017 where they're looking for

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. >>> in the cnbc money report, it's expanding mint service. upgraded food options a amenity kits. this is for those connect frg jfk. they're expected it add the mint seats to more routes this fall. >>> some changes to american airlines. ticket policies are going into effect today. american airlines is no longer allowing customers to hold a trip reservation without paying for 24 hours. a ticket will have 24 hours to cancel without charge. if you don't cancel, you've already paid. there you go. >> i want the mint service. >> mint is nice. >> getting the thin mints. >> i can't even get the extra leg room. >>> 5:10 right now. commuter alert for a road that's already the source of headaches. when it will shut down entirely. >>> plus, a tour boat slams into a dock sending people running. see the moment of impact. >>> we have big changes in the forecast. weather and traffic on the 4s coming up as we look at the statue of liberty and the verrazano bridge. you're watching "today in new in new york state, we believe tomorrow starts today. all across the state, the economy is growing, with cr

that's the cnbc news update. simon. >> a lot of bleary eyes around the stock exchange. >>> the wisconsin primary is underway. we will discuss what is at stake. "squawk on the street" will be right back. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. >>> wisconsin primaries underway. what's at stake tonight? eamon javers has more. >> look at wisconsin voters casting ballots in wisconsin. we don't know what these voters are doing today, but we think we have a clue about what might happen. so much at stake here in terms of the insurgencies in both campaigns. we have democrats looking at hillary

the cfo will be joining closing bell in a first on cnbc interview. tune into that. other black eye according to the journal federal regulators could try to ban the companies founder from the business for at least two years. meg was in the city with that story. >> that's right in another big scoop for the wall street journal he uncovered a level that the centers for medicare and medicaid service had sent back in march essentially saying this on going audit of their laboratory their answers were insufficient saying essential through laboratory's allegation of compliance was not credible and evidence was not acceptable. with this comes the threat of sanctions including a potential ban of the founder. now the company had ten days to respond to this. they said in a statement last night they did respond within that 10 daytime frame. they said we received the letter and we have responded. theranos has not received any sanctions at this time. if they do we'll work with cms to address all of their concerns. this is hypothetical right now but the sanctions on the table if cms

the ceo will be here. don't go anywhere. >>> good morning. here is your cnbc news update. obama administration official says iran will not be given access to the u.s. financial system as part of the sanctions relief granted under the land mark nuclear deal. u.s. under secretary of state thom as thomas shannon making that comment earlier this morning. >>> donald trump getting in some last minute campaigning in wisconsin working a milwaukee area diner. trump telling people that he plans to do well in today's state primary. >>> french riot police using shields and batons to contain protesters. the government says reforms will encourage hiring but students and unions say it erodes hard-fought worker protections. >>> and take a look at this, amazing new images released this morning from nasa give a spectacular view of earth as seen from the international space station. the space station has been occupied continuously since november of 2000. visited by 222 people from some 18 countries. that is the cnbc news update this hour. back downtown to "squawk alley." >>> thank you very m

performer on the dow over the past year and now one of china's most powerful businessmen says the company is "outdated." cnbc asked an industrialist about apple's future. he is ringing alarm bells. >> translator: in china, can you see that apple has already begun to lose the rapid sales growth momentum. one of the most important reasons is that apple's innovation has become extremely slow. >> two apple analysts join us now. one is bearish on april well a neutral rating for all of last year but three months ago but a buy rating on the stock. guys, great to have you with us. you know, one of apple's latest innovations is the apple se. but some say that make shift could present problems for apple when it comes to margins and average selling price. there was this interesting stat if, 10 million customers chose to buy an se instead of a 6s, that will put a pressure on margins. how much for apple going forward? >> yeah. this will have some impact on apple. at the same time, you have to see they're targeting the low ender of the market with this phone. and also they're targeting people who want smaller device. if a

that is the cnbc news update this hour. epted it back to you. >> thank you, sue. >>> the dow crossed 18,000 today for the first time since june of 2015. how did that happen? dom chu is here with the stock that is have powered the dow thus far. >> we've been showing the heat map. we know that apple has been the biggest drag, but just -- >> today. >> just today. this is the one -- we were up about 104, 105 points at the highs so it pushed us just about to the 18,002 leave, just a peek at it. some of the names that contributed the most in terms of points for and against. that disney is worth about 18, 19 appointments of that 100-point run. home deo added nine. apple has been the biggest drag, down 13 points off that total. dupont has taken 4 away, so these four names have had the biggest impact on today's trade so far. tomorrow is going to be key, today and tomorrow. ibm, dow component, reports after the closing bell today. it's a big weighting in terms of the price overall weighted index. big blue this afternoon expected to po

>>> and it is the 2016 cnbc stock draft, and our staff will give you the picks for the rest of the year>>> welcome back to the "halftime report" and we want to call your attention to nbc partners which is off of the worst levels so far. the company has released a statement saying that mdc management is con fident in the financial reporting and accounting practices, and it is intending to defend itself against the false and misleading accusations of the short seller report which is solely focused on destroying the value for the shareholders for their own personal gain. the this is with regard to the short selling research report put out earlier by gotham city research which alleges and makes the case that mdc partners as a stock that should be worth $1 per share or 96% downside from hee, and they have made the case in the report which is what drove the shares down as much as 23% intraday earlier today, but again, scott, guys, mdc partners are responding saying that i will defend themselves vigorously against this attack of short selling firm. >> and stocks are down 14%, so they have work

that's the cnbc news update this hour. i'll send it back to you guys. tween the masters and that, i mean, you couldn't have asked for a better -- >> just amazing. >>> let's get a check on gold prices and commodity trade, a weaker u.s. dollar, yen dollar hitting a fresh 17 month high. as for gold, 1258.10 an ounce, closing up 1.1%. the biggest gains being seen in silver, up 3.6% as well as platinum up 2%. palladium up 1.3% and copper is eeking a gain to the upside here. let's check in on the bond market. rick santelli is tracking the action at the cme. >> outside of fed news, the treasury contracts and yields and sovereigns around the globe for that matter haven't really moved very far. if you look at two-day chart of ten-year, you'll see we're close to unchanged and at 172, we're six basis points above the all time low yield close for 2016. at 166. bunds, four above their 07 close, around the 11 area. some of the action in etfs is better to demonstrate what is going on. year to date, close to challenging some of the best levels. l lqd, it is at the best

that's the cnbc news update this hour. to you kelly and michael. >> i appreciate it. i think we have some branding. i would like to think that that promotion of all you can eat fries is one of those things that's not going to cost the store anything -- >> but they will. >> in the social media -- who is in the going to want to be the guy who goes and has 12 pounds of fries. >> my kids will be all over that. my kids alone will dent the bottom line for mcdonald's with that. absolutely. >> summer road trip. >> probably very nice in july. >> absolutely. or any day. bye, guys. >> thanks, sue. >>> 28 minutes left before the bell. the dow still up just about 50 points, the s&p 500 also up about the same percent, nasdaq marginally down still. when we come back td ameritrade fred tomczyk. >> also ahead yahoo and intel posting their results after the bell, we will preview those earnings and break them down the second they hit the tape. keep it right here. [woodworker] i live in the fine details. that's why i run on quickbooks. i use

that is the cnbc news update this hour. ottie, i'll turn it back to you. >> sue, thanks so much. >>> the drama at the pulte group taking another turn today. william pulte, the 85-year-old founder, issuing another letter, saying its ceo, richard due ga, quote, must immediately be removed from the company. pretty scathing. goes right after this -- >> it was a great letter. >> value creation concept they have had. he calls it valdes trucks, among other things. basically says, i've never experienced a ceo like this. another direct quote from the letter. >> i don't understand why, if the ceo says i'm leaving in a year, for the good of the shareholders, move on now. just leave. pulte in the letter, if you read the letter, it was just fascinating how he laid it out. this is not a family squabble. this is not emotional. this is an owner who actually blessed this guy coming in to be the ceo, saying, you know what, maybe i was wrong in having him come in and points out every reason. just move on and put somebody else new in the spot.

we have the map ready. cnbc goes to riyadh tonight. >> reporter: hello. 's a total survival without oil. the deputy crown prince of saudi arabia, the son of the king says it's possible for the kingdom to get there as early as 2025. he released his details about the national transportation strategy, a plan to get this country diversified away from oil revenues. he's basing this plan on $30 a barrel. doesn't expect that oil price to go below that or at least not very much. he also said he's going about this in a different way. he says as part of this ipo of saudi everybody a ramco, it could be between $2 and $3 trillion. about that ipo of aramco they are valuing that above $3 billion. so very bold plans. they said some interesting things about the defense sector. this country is the third largest buyer of mega defense projects from the united states, from europe, particularly from the uk as well of these massive defense projects and basically what they said now is going forward they want to be buying at least half of everything from local suppliers here in s

that is the cnbc news update this hour. i'm surprised he even stayed for the coffee.ou guys. i would have been out of there. >> mm-hmm. thank you, sue. >>> so gold prices are closing right now as you can see, lower by roughly half a percent. profit taking after yesterday's rallies, move may be muted because we are awaiting the fed minutes, just half an hour from now. the rest of the metals complex is generally lower except for copper, you can call that flat, not a big move there. now to the bond market, rick santelli is tracking the action at the cme. >> indeed, not only do we have the minutes, the mid-march meeting coming up shortly, but there is a lot of extreme levels that the markets are being attracted to that could have very big outcomes. let's look at a few. let's look at february start to ten-year, you see that the low closing yield for the year was in february. right around mid-160s. we're getting close. up several plus basis points today. look at one week chart of the boons. they came within one day -- close at seven basis points, they moved up several. fore

and they talked about the layoffs in an cnbc exclusive this morning. ten. >> it is a mixture of the actions to what to do to drive the company in the drirection w want, and how to accelerate the change and growth eareas, and when we did that, it came out to the 12,000-ish number. >> and he also talked about the pc slowdown which is an area where intel does plan to scaleback. >> the areas that are flat to down are tending to be those mid- to lower-level system, and both laptops, and degsktop, and it does not mean ta we won't continue to support them or bring in new innovations, but it is just that we will scale that innovation relative to the growth. so we will slow it down, and we will as far as the amount of innovation going into the segments, but we will support them absolutely. >> and of course, jon fortt brought us that interview in the 7:00 a.m. hour. and he seems to want the split it in two. >> and yes, krzanich says that the key word is support. and not invested, but, yeah, we will keep the people buying, but we won't spend a lot expecting the gr

♪ >>> hello, everybody, i'm sue herera and this is the cnbc news update. forced the use tear gas at an anti-government prot protest in france. it is aimed at the labor laws and tow -- thousands have been gathering at the france depub leek. >>> last night at the draft, laremy tunsil was projected to be one of the top picks, but yesterday, video posted of him smoking marijuana through a gas mask. it was posted on a twitter account, and he says that his account was hacked. he was drafted by miami. >>> and now, currency teen preg nan si is on the decrease. it is a decrease since 1991. arkansas, mississippi and new mexico have the highest, and massachusetts and new hampshire with the lowest. >>> it is the final bow for the elephants of the barnum bailey and ringling brothers circus. all will retire to a 200-acre conservation scenter run by activists in florida. they have been fighting for decades to have the animals pha phased out of the show. now, back downtown to "squawk alley ". >> all right. make makes me happy for the elephants. and groom pot is reporting a

she has the cnbc market wrap. >> the dow is now at its highest since july last year., better than expected results from bank of america and wells fargo. microsoft suing the u.s. justice department over secret customer data purchases by the government. that's the latest from cnbc, first in business worldwide. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ and i quit smoking with chantix. i always came back to smoking. i was absolutely frustrated, absolutely. i did not think chantix would work as well as it did. along with support, chantix (varenicline) is proven to help people quit smoking. chantix reduced my urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse or of seizures. don't take chantix if you've had a serious allergic or

the month higher. >> a day of reckoning. karl icon tells cnbc he's extremely cautious and says he no longer has a position in apple. >> scaling back growth plans. the owner of british airways warns on demand. >> and first quarter losses at rbs more than doubled last year with restructure costs expected to exceed 1 billion pounds this year. ♪ >> hi everybody. good morning. welcome back. >> it's great to be here. finally. >> flew in last night. >> i did. from wolfsburg. hanover to frankfurt to london. but a good four day in germany. it was good. seven months into the volkswagen crisis. but i think finally there are some indication they are seeing a light at the end of the tunnel. still a great deal of uncertainty in the u.s. >> and it's friday. >> it's friday. that's good news. >> the lot of stuff going on. just starting off on a slight back foot. on top of that also just to mention with regards to our asian markets that japan is on holiday because we've seen a lot of volatility from the currency, especially the yen. we'll get to that in a second

that is the cnbc news update this hour. i'll send it back downtown to you. >> thank you. big night for ted cruz and john harwood is live in washington with more. >> this is the night that ted cruz and bernie sanders have both been hoping for when they had solid victories over the front runners in their party. donald trump and hillary clinton in a big important state. wisconsin was that state. let's take a look first at the democratic numbers. bernie sanders with a substantial margin of victory over hillary clinton and then you look on the republican side and ted cruz got a double digit victory over donald trump. 48% of the vote. john kasich well behind in third. this is the reflection moment in this republican campaign. >> tonight is a turning point. it is a rallying cry. it's a call from the hard working men and women of wisconsin to the people of america. we have a choice. a real choice. >> but was this really a turning point. that's the question that's going to play out over a couple of weeks. first of all, because of the democratic appropriation of delegate it will be

of course it is still in the middle of a restructuring. and cnbc'seoff cutmore join us. >> the markets are seizing on the fact that at least this was a positive net profit and not a negative. because we know deutsche bank had a pretty horrible 2015 with that huge six point, eight billion euro loss. this was always going to be a very tough quarter. so a dramatic decline as far as the net profit is concerned. and you know some of the hours still scratching their head about the capital one ratio here at 10.7%. they would like it to be higher. but i spoke with the cfo marcus shank. he pretty much closed the door on any prospect of capital raising in the near term. e also said he thinks the market environment is improving for the bank. let's just listen to what he said. >> we've seen the markets calm down a lot in march and its continued in april. so the performance in those two, march and april, is definitely better. but i would say the highlights from my point of view is on the one hand focusing the bank. but then the external environment being almost t

this is all online cnbc.com full results of the cnbc fed survey. to you. >> and the question of whether you hike before an election. >> good point. and before brexit, all of that stuff. a lot of people saying june is the time for the next hike, sim simon. but there are those issues small matter of presidential election and small matter of britain perhaps leaving the european union. >> steve, thank you very much for that. let's bring in ubs director of floor operations, art cashin. >> good morning. >> having rebounded as strongly as the market had, yesterday we held support really quite confidently. and now we're able to build on it during earnings. what does that say to you? >> a couple of things. first of all, the 30 hours before a fed decision has 75% or better upward bias, so we're benefitting from that even though we're off the highs here. secondarily, if you look at what the dollar is doing today, demonstrating some real weakness going into a fed decision. that tells you they don't believe the fed's going to be very hawkish at all. particularl

. >>> in the cnbc money report, the office supply retailer plans toes rent office space in its stores. first startups unveiled in boston later today. mitocrosoft and starbucks are teaming up to bring you coffee options to your e-mail. working on an add-on feature for microsoft outlook to allow you to do that. you will be able to buy and send starbucks gift cards from that e-mail program. two examples of people, no traditional offices. an office in starbucks, a lot of people do that already. a lot of people doing that. >> go to staples and have an office. >> we're having a meeting in starbucks at 7:30 this morning. just ahead, one sports fan, once in a lifetime encounterlynd it happens np traffic. >>> the police chase that we guarantee is unlike anything in you're watchinve"today in new york." >> he's changing lanes. life' s sharind a meal. in and a kitchen with ro at for everyone. spend $4000 or more on a new kitchen life' s sharing a meal. and a kitchen with room for everyone. on a new kitchen and get 15% back at the ikea kitchen event. >>> 5:24. bridge. kyle busch gave one fan a sto

why the nfl did not sell to the highest bigger in this deal. you're watching cnbc, first in business worldwide. and that a tired dog is a good dog. [ dog barking, crashing ] so when you need a dog walker or a handyman, we can help you get the job done right, guaranteed. get started today at angie's list. >>> minneapolis federal reserve president neel kashkari is calling for the break up of big banks. >> i think too big to fail is still a problem. i wish -- dodd frank, i'll put that aside. his predecessor was very big on too big to fail. we worked together prior to the crisis. there is a long tradition for minneapolis fed on this issue. >> neel kashkari joins us now. take a moment to respond to what sheila bair had to say why you're choosing right now to be so voekle on an issue that has been at work in washington for eight years? >> well, thanks for having me, in 2011, just after dodd frank was passed, i gave a speech at the chicago fed and expressed some of my concerns that i thought dodd frank did a lot of good but doesn't solve the too big to fail problem. i ran

the show. you're watching "worldwide exchange" on cnbc. what's going on here? i'm val, the orange money retirement squirrel from voya. we're putting away acorns. you know, to show the importance of saving for the future. so you're sort of like a spokes person? more of a spokes metaphor. get organized at voya.com. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with disruptions. get better internet installed on your schedule. comcast business. built for business. >>> welcome back to "worldwide exchange." now to today's trade of the day. we mentioned the minutes from the federal reserve's latest policy meeting could show janet yel season putting the brakes on the fed's 2016 aggressive rate increase plans. if that is the case, as we heard from th

that's the latest from cnbc, first in business worldwide. flof potential patients. digital records. x-rays, mris. all on account...of penelope. but with the help of at&t, and a network that scales up and down on-demand, this hospital can be ready. giving them the agility to be flexible & reliable. because no one knows & like at&t. this just got interesting. why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in heari

in the cnbc money report, delta airlines feeling generous. they're getting rid of the 25 d fee for customers. that's only if you book a flight over the phone. d fee if you book a trip in person at the airport. other airlines including american -- united and jetblue, they still charge fees for reservations made over the phone. if there's any human interaction there's a price for it. >> absolutely. >> they want you to do everything online. >> they really do. >>> getting around this summer could be strict i. we'll tell you which commuter services plan to reduce rides. >>> why mike piazza is happy after a jersey he wore was auctioned off. weather and traffic coming up. you're watching "today in new york." this is a flip phone. have you seen these before? it's called a compact disc. oh. looks like we're getting a facsimile. what year is it to you? it's old. you'd rather use newer technology? definitely. well, i've got something to show you. this is the 2016 chevy volt. it uses extended range electric technology. the prius hybrid uses battery techno