Stephanie ruhle. Weve got the nobel Prize Winners plus your exclusive with James Patterson. Right now, we will begin with a bulletin a new ceo for the recovering retailer jcpenney is going to be Marvin Ellison who is currently the executive Vice President of stores at home depot. He will join jcpenney then formally become the ceo in august to replace mike ullman who is now in his second tour as jcpenney seo and has been trying to revive jcpenney. Bill ackman has gone public in shares of Pershing Square holdings are trading down this morning as 11 in amsterdam. It raised 2. 7 billion in its ipo. Hans nichols about what he will do with the money raised. The cash we have raised we intend to use for a new commitment. We will announce that in the next 4560 days in the capital goal will go for that new investment. A usbased company . Yes. . Can you giveme a hint on the sector no. A potential merger in the Railroad Industry has been derailed for the moment. Csx has rejected a takeover offer f
In the middle east, radical terrorists are on the march. They are beheading americans. And crucifying christians. President obama admits he underestimated them. We need a senator to hold the president accountable and make america safe. Isis is on the march not being pushed back. There are times when there are setbacks but how much of a chance is there for surprise . The impact on the elections could be quite a surprise in the sense it looks like the campaign is not having a dramatic effect and the notion that isis could end up in baghdad before election day. That is or they take territory, should the republicans jump on that . If baghdad falls, what do democrats say . They talk about things are not foreign policy. For the democrats who voted for obama and our incumbents there is no question. The other crisis is ebola. We heard the news that a dallas has been infected. The first person to contract ebola in the united states. John mccain is calling for an ebola czar in the white house. I
The terrorist group as planted its firmly in itself firmly in the elections. In the middle east, radical terrorists are on the march. They are beheading americans. And crucifying christians. President obama admits he underestimated them. We need a senator to hold the president accountable and make america safe. Isis is on the march not being pushed back. There are times when there are setbacks but how much of a chance is there for surprise . The impact on the elections could be quite a surprise in the sense it looks like the campaign is not having a dramatic effect and the notion that isis could end up in baghdad before election day. That is or they take tori come territory, should the republicans jump on that . If baghdad falls, what do democrats say . They talk about things are not foreign policy. For the democrats who voted for obama and our incumbents there is no question. The other crisis is ebola. We heard the news that a dallas has been infected. The first person to contract ebo
Im francine lacqua. We are getting breaking news out of italy. Possible qe next week in terms of that inflation figure that is due out any second. Weve already had a lot of macro news affecting the euro this morning. Though it actually hasnt affected the euro in terms of where the currency is trading. A little relief for mario draghi. The European Court of justice has given a favorable opinion on outright monetary transactions, seen as a precursor to the qe plan that many people believe draghi will announce next week. The court has said the omt plan is legal in principle. What can you tell us about this opinion . It seems like it is a green light. In principle, theres nothing behind me in announcing quantitative easing. It seems like the last potential major road brock roadblock has been lifted. The European Court of justice said it may be legal. The outright monetary transaction, which you can read as code for ecb when you look at what is going to happen with the market and mario drag
Rise again. Should you lock in your rate right now . We begin with what we told you about. Crude is soring and we are currently at 3 . And its in the past month alone. Everyone wants to know. Hey there, jackie. I will start with the question and i will answer it right there. We are over 60 today. Traders are telling me they think i could go to 65 by memorial day. That is because we made the run for 60. There has been a lot of resistance and geopolitical events are taking us over the edge. There was closure of a port in libya by protesters and we have seen skirmishes for sometime. People are focusing on saudi arabia and the situation in yemen as well. Geopolitics was the one thing we said could bring us higher despite the fact that we have a global oversupply situation. Right now traders are shrugging that off for the most part. You have a weaker dollar and that is adding support as well. I will say this. In terms of prices at the pump this is not a good thing for consumers. 2. 63 is th