Up lets get you up to speed on the markets. U. S. Equity futures are suggesting a positive open and implied open of 70 points for the dow and s p nearly 9 and for the nasdaq a little more than 24 points. Right where we were yesterday before the retail sales report. Heres the other big stories were watching today. Two economic reports due at 8 30 eastern. Well hear from kohls before the bell and this afternoon watch for nordstrom among others and in Corporate NewsGeneral Electric is going to sell its commercial finance business. This is part of the plan to spin off most of ge capital. The business is worth around 5 billion dollars. The dow closed yesterday just over 18,000 so up or down or up a little some days and down a little other days. Flat lining still. Thats 2015 and really the story this year. Good today though up 72 points indicated on the dow jones up 9 on the s p. Nasdaq, the strongest in premarket trade up 24 indicated up 25 so far on the session. European markets are mixed this morning. Not a lot happening anywhere except in greece but doesnt remind me of it necessarily. In asia, a quick look and you can see that asia is also mixed not a lot happening. Japan, though, down around 194 points interesting story everywhere. Saudis are laughing. They orchestrated this and regained control of the oil market that they it was a deliberate attempt to put some of the high price Oil Production in the United States out of business. Some of the fracking and shale production and theyre acting like they have been successful but they have put a lot of their buddies in dyer position too. Not just us. Theyre maxing out production at how many a day . It suggests that the market is static f. The price starts to rise again you dont think shale starts to come back again in its not a fixed thing. Takes awhile to close and takes awhile to open back up and whether theyre really back in control is the speculation. Lets look at the ten year. The market tried to go higher. Stock market did yesterday and once again looked like it was trading off the bund which backed off from the 75 basis points but then got back up there, didnt it . Close up near 75. Its like the greek market and the german bund. Yeah, yeah. I know a lot about that. Honest to god i thought it was a cake. German bund cake. Now see if that thing goes to one, if it goes to 100 basis points, i dont see how the stock market continues to go higher. I just think that our ten year would go higher and then the fed would be like oh my god we cant count on low rates in europe. We cant raise because the economy is horrible you were kind of right about that retail number. That was an important number yesterday. We were doing Something Else. I kind of said hold on a second. He came in studio and he was here. He was about ready to answer it. We decided to talk about the retail sales number. But the number was so bad. It did move the market. It bolstered his point that the fed screwed up. At least not been very successful. Look at that. To me this looks like a huge move that you see. Same with bonds too. The best thing i heard is somebody saying do you want me to explain why its going up i have no idea why it went down to begin with. Thats a good stretch one way or another but just take it easy. June 19th. Heading over. To europe. He needs a strong dollar weak euro. Ill cancel at 120. At least its not 136. Unreported all Economic Survey data we asked people about how the dollar influenced them and they had no idea what happened to the dollar. It is not something ordinary americans know about. It has no effect on their travel. At least with our cnbc viewers and everybody else 25 said the dollar strengthened when we asked the question. The other group didnt know where to change or thought it had gone down. Were also going to visit germany and have to decide do i put money in bonds over there or not. Bunds. Bunds. You can definitely get some bundt cake. Before bonds. Cisco beat the street on the top and bottom line citing good revenue growth. Sales in emerging markets came in a little light. Ceo John Chambers will wrap up his tenure and he spoke to jim cramer last night on mad money. Our company is in the most Competitive Position ever. We moved from selling boxes to outcomes. Youre digitizing every country, every company. You either change and disrupt or you get left behind and cisco is the lead player and you saw that in our quarter in the balance that our Public Sector business around the world was up 6 to 7 . So is our commercial and enterprise. Here with us is brian white. Global head of technology and software research. Software and hardware number one and globally . You know hardware and software is converging. That was a good question. It was a great question. Youre seeing it in cisco. They have a Software Suite coming out. Are you going to tell us something we dont know already. Are you you knew that already already. Tell me again. Data center is turning into software. Thats a trend thats happening. Sis coe is adopting to this shift with a totally newark texture called aci and thats working so you can separate the control point in the data plain and control your switches with software. How many colors do do they make reuters anymore. Of course. How many different selections would i have. Well, differ colors in different sizes. Is that an apple watch youre wearing. Of course. You have one too right . Yeah. I remember your comment. You like the phone call to show up. Your phone is in your purse. Software on the server right . My word processing program. Software in the data center controls the server, controls the network. Controls storage. So instead of selling me one thing one time im going to give cisco a monthly revenue. Exactly. I thought number one that results were mixed because europe was slow so europe got better for them and two, number one and number two and b i thought that the dollar was going to hurt a multinational like sis coe. How much is it affected by. Cisco is unique in that 95 of their sales are installing. How do they do that . Networking industry because they go a lot through distribution. The customer may say my weak euro isnt able to buy as much. Before it wasnt that it was currency. It was that the continent of europe was just weak. Yeah. Now thats improved and their stocks are better over there as well. Europe theyre doing well. I would say the real bright point for the u. S. This quarter. Any signs that china is finally buying again or no. I went through china in april and sis coe had problems early on. Obviously its solved. The other thing is they have put the foot on the accelerator in not buying u. S. Technology in a major way. They called it out on the conference call. Sales were down 20 for cisco in china. When this new guy comes in do you expect any shift . Its been a very inquisitive company all along. That will continue . I think it will continue. He was on the call last night and highlighted similar philosophy in terms of acquisition. Usually smaller deals but i look at this company and i think theyre moving from networking to become a bigger i. T. Player. The stock yields 2. 9 . It trades at 9. 9 times cash and when you have a product cycle nice yield, cheap valuation, investors will continue. It does have a good yield. Almost 3 . Does the new guy have that West Virginia that very comforting sort of voice . Hes not that its not as pronounced as John Chambers but hes from a similar area. Is he really . Yes. See that lulls me into i want to believe what he says. Chambers is great. Hes a legend. Yeah. He is. All right. And so are you. Oh. Thank you. Global hardware and software. Do you like the white band . I have white, black and a couple of others. I mix it up. I actually do like the white. You have three different units. No, you just buy the bands. You can buy the bands. Depending upon your mood in the morning how you feel. But i do have multiple units. Oh, really . You could do that with the band. I was not there at the beginning. I muy you could buy different bands. I didnt know they snapped on and off. I came in late. It was off the record so it never happened. What are you talking about . We dont know what youre talking about. Moving from the deeply technological lets talk about burgers because shake shack served up way better than expected results. Turning a profit instead of a 3 cent loss. Revenue jumping 56 and nearly 38 million and it wasnt because the new store same store sales rose by nearly 12 . Investors have been eating up the stock. Theyre still the best performing ipo of the year up about 245 . Joining us now to break down the quarter is john Fortune Magazine food and beverage reporter. Good to have you here. They crushed the numbers, right. Yeah, they did. Why. Higher traffic. They raised prices twice in september and january and that increased going there. Las vegas, baltimore boston and chicago. Isnt the burger the hot burger joint have a real low barrier . This to me feels like one of these hot things that could inevitably fade away with other competitors. One of the things thats interesting about how they report their numbers is they report locations after they have been open for 24 months because the demand is so strong in the beginning and it tapers off after a longer period of time and they warned that even though their average weekly spending was higher this quarter which was a bit of a surprise that eventually that number will decrease overtime. They call it same shack sales . They do. I like that. Could you say this is a case where the ipo sort of raised the visibility in the profile of the company and more people knew about it and went . I think so. None of the analysts have a buy rating on the company right now. I didnt know that much about it and i saw it and i saw howell it did and i wanted to try one. Part of it could be its based in new york so we give it a little more. You see the lines. Are there still lines . I stopped trying to go because i didnt want to wait in line for a burger. The Madison Square park location has been closed for renovations. The line is part of the whole stick, right . That you go to a new location and this was true when i was in russia. When people were gathered around somebody selling a product you would just join the crowd because you didnt know what it was. But i wanted to know. You walk by and see the line must be good. They were selling one tomato. No, a lemon. Its true. Early on in the soviet union, its a different world but you would everybody would gather around and get in line and people would say what are they selling and the guy next to them would say i dont know. They have a tomato. We havent seen one in four years. But one of the things im curious about with the restaurant chains is a lot of them are regional restaurant chains like zoes kitchen and theyre going to try to go national and how do all of these competitors get into all of these markets and fight against the mcdonalds of the world, the chipotle, it will be tough for all of these to come in to peoples neighborhoods. Is in and out public. Theyre not. Why . A lot of the burger chains, shake shack is one of the only one that has gone public of the smaller fast casual chains. Smash burger. My kids are into smashburger is one and whats the one five guys. Five guys we have gone to. I go where my kids the trendiest one and then theres the colorado one elevation burger. Thats a cool one too. Thats also a cool one. Theres so many of them. You dont buy sell or hold . Valuation is. Very high. Very high. And then theres the big kahuna burger. Ive never been to that one. Get on it. I got to go. Might have been a movie. Coming up, shares of puma bio tech tanking this morning. Investors not pleased with the data from the companys Breast Cancer trial. The details are next. First as we head to break heres a look back at this date in history. Announcer ] your love for trading never stops. So if you get a trade idea about, say organic food stocks schwab can help. With a trading specialist just a tap away. Whats on your mind lisa . Id like to talk about a trade idea. Lets hear it. [ male announcer ] see how schwab v your next big idea. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. Its the worlds biggest Cancer Research meeting. It doesnt start for another two weeks but last night we got our first look at some of the data presented there. Meg is here. Its exciting every year. Especially as some of all of this promise of all of this new Molecular Biology Research starts to slowly come through. We wish it was faster. Absolutely. So 5,000 data sets were dropped last night. They saved 20 of the most kpietding for thekpietd exciting for the meeting. Some is immunotherapy. Thats Bristol Myers and merck. These are Big Companies and we should be getting a better understanding of how the drugs work in combination and by themselves in different cancers. A lot of data coming out in nonsmall cell lung cancer last night so people excited about that but the big mover is puma biotech. Their Breast Cancer drug disappointed some investors and analysts so with the magnitude of benefit it showed so really falling there and part of the reason its sinking is this company is not to be a takeover target potentially and this dampens its prospects there. Analysts saying they look better than you think. Wait until the meeting. Well hear more about it but this did disappoint people and maybe this means theres a narrower potential indication for this drug. Maybe it wont do as much as people are expecting. Well see how it does in terms of the takeover prospects for puma. Im wondering how big it is. Its about a 6 or 7 billion market cap. Was. Was yesterday. Was yesterday. 20 hair cut. The data that youve seen could you estimate how much of it is immunotherapy . 50 do you think . Thats a really great question. Really in vogue. It is and thats what everybody is talking about and so excited about. Anything else. Targeted therapy is still pumas thing is a tki, so these that go after genetic mutations and theres all sorts of drugs. So youre seeing a lot of Different Things bit immunotherapies are the future but the combination of these drugs and how they Work Together is huge. American society of clinical oncology. Are you going . I am. 30,000 people. 30,000. Do you get excited . I do. I would too. I do. Its like nerd prom for us medical people. Its even nerdier than the nerd prom. Oh yeah. Much nerdier in a good way. Yeah. Bow ties. No, nobody wears ties. Got it. Lab coats. Thank you. Now to the latest on the investigation into why an amtrak train was going more than twice the legal speed limit when it shot off the tracks north of philadelphia on tuesday night. 7 people died. Hundreds were injured. Federal investigators say they havent talked to the engineer yet. Nbcs chris is live with the latest. At this point investigators have a pretty good idea of what happened to this train tuesday night. Now the question of course is why did it happen. Were also learning more about some of those seven victims that died when this train crashed tuesday night. After examining amtraks event data recorder investigators know the train was going 106 Miles Per Hour as it entered a curve in northeast philadelphia. Thats more than double the posted speed limit. The engineer of new york applied the breaks seconds before the cars left the tracks. The train was placed into engineer induced breaking and this means that the engineer applied full emergency, full emergency break application. It was too late. The locomotive and seven cars violently shuttered and went off the tracks. Notify amtrak to shutdown the entire northeast corner. We have people on the track and a couple of cars overturned. Frantic passengers pushed out windows and climbed over seats to escape the wreckage. Among the dead a Navy Midshipmen headed home on leave from the naval academy. He was wonderful. Everybody looked up to my son. And theres just no other words i can say. Others include jim gains, a 48yearold father of two and a bank executive. Federal investigators havent interviewed the man at the controls but Philadelphia Police detectives say they have spoken with him and he has turned over his cell phone and given a blood sample. They are going to want to know when he went off duty. When he went to sleep. When he got up. When he went on duty. What he did while he was off duty. So many questions, few answers in the deadliest amtrak accident in more than a decade. Amtrak service between philadelphia and new york is still shutdown as investigators collect their clues. Theyre removing debris. Amtrak is going in and trying to repair the rails here in this northeast philadelphia neighborhood but theres still no telling when this section of railway will reopen. Live in philadelphia, back to you. Thank you chris. The broader markets getting excited about the recent Economic News. The s p 500 and dow dipping slightly on wednesday. What will it take to get investors off the sidelines. Here with us is patrick. Hes the chief strategist of silver crest Asset Management and Steve FriedmanSenior Investment strategist. How much patrick does whats happening in the fixed income markets weigh on stocks . I think it does because its undermining the idea that theres going to be a low capital but you have to put it in context. People talk about a bond sell off, this is actually the end of a couple of bond rallies that have taken place this year. First of all in europe on the back of qe and then actually weve had two bond rallies in the United States this year and first in january to one more recently. The sell off after the january dip was actually steeper than this one. So actually right now, the ten year treasury is just