Welcome to Worldwide Exchange on cnbc. Im wilfred frost joined by dee basin in for sara eisen. Good morning. Its great to reunite for the next few days while sara is enjoying a honeymoon. Very good congratulations to her and her new husband. Lets bring you up to speed on the markets this morning. Futures right now pointing to a slightly positive open. But this does of course come on the back of strong gains. 2 gains and over 3 gains for the nasdaq. Only just, though, in the final trading it looks like we will hold on to gains for may. The dow called higher by 3. Nasdaq as well. 1. 875, near the top of the range in recent week which is has been 1. 7 to 1. 9. 1. 4 on tenhe tenyear. The dow is up on its best streak since five straight winning months ending in june 2014. Six out of ten s p sectors positive led by tech which is up by more than 5 . Check out the monthtodate returns the dow is up 0. 6 . The s p higher by 1. 6 . And the nasdaq has jumped more than 3 . Wilf, if you had sold in may and went away we have had decent gains. Weve also had it in the dollar. Weve also had it in oil. Those three united gains dont often hold for that long. Will one of these break down the report. Interestingly, as you mentioned the sector performances. Only one sector remains in the red as a year as a whole, thats the banks. And could that be sort of the sector to watch over the summer. We did a study a few weeks ago that showed a deeper more consistent trough for summer trading has been june 15th to october 15th. Those are better dates to actually step out of the markets if you go by that, you may want to stay in for 15 days and then leave. Thats just history. Things could be different this time around. This is a check of our Global Markets this morning. Asia overnight, better than expected Economic Data out of japan. Factory output rising 0. 3 in april. Japans household declined year on year. The nikkei up 1 . Hong kong up about 0. 9. Shanghai did very well on stories that theyre getting closer to joining International Benchmarks up 3. 3 . Asia as a whole have been pretty strong over the last week with u. S. Equities. Europe, too, strong over the last week. This morning down about. 33 . German retail sales dropped. Labor market data was decent. And eurozone wide money supply was robust. But down about. 33 . Were watching oil markets closely. Theyre watching an opec meeting on thursday. Crude prices have nearly doubled after hitting threeyear lows this winter. Briefly trade be about 50 bucks last week. And broader markets a quick look at the u. S. Dollar. The broader index turning in another positive week. Four weeks in a row for gains of the u. S. Dollar. Just a reminder that were no longer in that softer environment. Much softer than a year ago. Four weeks of gains for the broader index. This morning, not too much movement. The biggest move is the australian dollar. Factors in the dollar, elsewhere only moves about 0. 11 . A quick look at gold prices as well which this morning is suffering by 1213. It may be a holiday shortened trading week but theres still plenty of data squeezed into the next four days. Look for personal income, the caseshiller home price index. As well as chicago pmi and Consumer Confidence for may. And wednesday, we got ism manufacturing and the beige book. Thursday, adp employment report. Friday, it is the big one, nonfarm payrolls along with ism services. That will be a big one. Absolutely. I think its interesting that the last couple weeks very much focused on fed speak as opposed to the data. Theres been some data, but this week, back on the data side with the jobs numbers. With the expectations, it seems it just rose overnight with yellen making the promise that she did, that the fed is justify jumping. Absolutely. The hike expectation coming forward, at least one this year, possibly two. When they will start will be the key. That jobs number will be important. There is also some more fed speak, of course, and speculation will move markets. James bullard speaking at a conference in seoul. He said labor markets appear to be, quote, well prepared for a hike but didnt specify a date for the move. Stocks to watch, jazz pharma is buying celator for 1. 5 billion. Earlier this year, celator announced the treatment for leukemia. And the coo of airbus said a slowdown is normal following years of extremely strong orders. The company has only secured 92 orders through the first months of 2016. As long as they match deliveries, airbus will be content. And sun cor operations are expects to resume following massive wildfires in the area. More stocks to watch. Air franceklm in talks to sell catering unit. Its worth about 520 million. Its stepping up Global Expansion to buy Swiss Airline company gate for 1. 5 billion. Reuters reports several chinese and japanese suitors expressing interest in cit units. The first round bids for the releasing arm which owns a fleet of 350 planes are due in june. The ceo of singapores noble group use of ali reza has resigned. Noble shares are down 75 since then. They are up, though, today, 5. 3 . A fiveyear battle between oracle and hp heads to Court Opening on a trial that focuses on oracles alleged role. This follows a high profile loss for oracle last week in a court fight with google. Wilf, the price tag on that would have been 9 billion for oracle. The jury did not rule in their favor but they sure could have used some of that. They definitely could have used that. This morning, were watching, of course, the Sumner Redstone battle. More shots fired over the weekend for the latest. Heres landon. Shes got details. Wilfred, good morning. Heres the latest on the saga, viacom vowed monday, theyre not going down without a fight. The shareholders say they plan to fight any attempt to oust them from the board. They dont believe Sumner Redstone is mentally competent to act on his free will. The letter comes from a state from redstone issued by his spokesman that he was considering ousting the redstone ceo. And earlier this month, the 93yearold removed aman from the control of the shares if redstone is incompetent or dies. Viacom has dropped 50 . The stock has ridge more than 15 since redstone removed aman from the trust. And many believe redstones daughter sheri is behind it. Still to come on Worldwide Exchange, india has a message for apple with stores in their country. First, you must do Something Else first. Well tell you what that is, coming up. Before we head to break, this date in history, may 31st, 1927, the final ford model t. Ford produced more than 50 million model t cars between 1908 and 1917. The model t was named the most influential car of the century. There we go. Still much more to come on Worldwide Exchange. Nnected tor and to your customers. With centurylink you get advanced technology solutions, including an industry leading broadband network, and cloud and hosting services all with dedicated, responsive support. With centurylink as your trusted technology partner, youre free to focus on growing your business. Centurylink. Your link to whats next. charge music you wouldnt hire an organist without hearing them first. Charge so why would you invest without checking brokercheck . Check your broker with brokercheck. A very good morning to you. Welcome back to Worldwide Exchange, if youre just waking up, lets get you up to speed on the markets. Last week strong for u. S. Equities. 3 gain for the nasdaq. 2 for the other two indices. Looking like were going to hold on those gains this morning. In fact, this is the last trading day of the month all three in positive territory. The dow will have to hold on to about 0. 5 of gains. The others have got more breathing space to remain positive for the week. Lets have a look at oil as well. In fact, a key factor for markets. Just below 50 for wti and brent. Lets move on to the twitter question this morning. Stocks positive last week and in may as a whole. Is it time to sell or buy . Get in touch with us. Consumers that martin senn has committed suicide. Senn left secure itch in december follows a series of profit warnings and a failed takeover of the british rival. South korean Officials Say a north Korean Missile launch likely failed today. It tempers recent worries that pyongyang was pushing tour its goal of a nucleartipped missile that could reach americas mainland. India is telling apple it can open stores in its country if it creates jobs. It seeks a waiver from a local sources rule. India wants the tech giant to sell at least 30 locally sourced goods. Apple ceo tim cook met the Prime Minister about a week ago. Cooks trip was to set the stage for the companys expansion in the country. S where in the world, moodys warns debt payments by Rio De Janeiro facing all brazilian states. The comments follow rios missed payments to a French Development bank last week. Moodys said the french government is responsible for debts to foreign institutions. A new survey this morning focuses on brexit fears. A third of top executives at britains biggest Top Companies say they have spent up to 1 Million Pounds preparing for the consequences of leaving the eu. Almost 7 of those polled say they intend to relocate parts of their uk operation if britain votes to leave. And wilf, youve been covering this very, very closely. What do you think . I mean, i think the business vote is an important one. And ill tell you, on the business side, most favor remain when they come out and Say Something clear. In general, businesses have been quite reticent because of voting rules to make their opinions too clear. Certainly, there will be costs and uncertainties. Hard to know what the costs will be. What do you think of the markets . At the time the brexit talks flares up youve got that and the pound reacts. We dont see the equity markets react. No, and thats fair because were weeks away. When you get to the week of the vote, well see the ftse 100 or more the ftse 250, the smaller uk Companies React a little bit. Sterling, around 146, 147 is towards the high point since the date was announced. So the confidence in the sterling market is matching the confidence in the polls at the moment which of course are pointing towards the remain votes. And the point theyre making, watch out, lets get closer to the vote. A long way to go. Still to come here on Worldwide Exchange, decision 2016, a lot of focus on california this morning. Well tell you why. Before the break, heres the National Weather forecast from weather channels reynolds wolf. Good morning. There you go, smack dab in the center of the country, we have a chance of showers and storms and tornadic activity. Year going to see the showers and storms not only in texas and oklahoma but maybe into parts of new mexico but then you get into the cooling, western great lakes another feature of round of showers expected there. Possibly strong winds and damaging hail and cant rule out tornadoes. Meanwhile back to the west, pure bliss, beautiful conditions up and down much of the eastern seaboard. Theres a look at your forecast. Keep it here on cnbc. Gym bag. Before earning 1 cash back everywhere, every time and 2 back at the grocery store. Even before he got 3 back on gas. Kenny used his bankamericard cash rewards credit card to join the wednesday night league. Because he loves to play hoops. Not jump through them. Thats the excitement of rewarding connections. Apply online or at a bank of america near you. Cathys gotten used to the sme. In her kitchen rbage. Yup, shes gone noseblind. 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Actually, its been a pretty solid may altogether, despite that phase sell in may and go away. Theres no shortage of recents coming up this week in particular, of course, we have the nfp jobs report on friday which is the last before the federal Research Meeting and decision. As of right now, a decent day expected for the three major indices. Lets take a look at currency as well. The dollar has been strengthening on the latest comments from chair janet yellen indicating that the country is ready for another rate hike. Thats what the market is watching for. I want to point to the dollar yen. The yen has sortened which is providing some strength for japanese equities. Lets take a look at oil this is going to be an important driver in the week ahead. We had the opec meeting in vienna. No agreement is expected to be reached. That may keep a cap on oil. It did go briefly above 50 bucks a barrel which is a big turn around what we saw. Donald trump uses memorial day to explain his donations to service. And Bernie Sanders and Hillary Clinton switches to plan b to get to california. Tra tracie potts with the latest. Hi, everyone. Clinton is gaming their game plan. We saw with donald trump, remember when he skipped a debate because he said he wanted to focus on veterans and do a fundraiser for them. Now, amid some criticism, hes having to explain where that money went. Later this morning, donald trump is holding a News Conference to name the veterans groups who got 6 million in donations. We raised this tremendous amount of money because we love the vets. Reporter veterans will as speak out this morning, they claim trump lied about the money. Still, no debate with Bernie Sanders who promises a comeback like the Golden State Warriors he saw last night. They turned it around that is what were going to do. Reporter sanders saw protesters rush the stage in oakland. We dont get intimidated easily. Reporter hes predicting a win from the primary one week today. Hillary clintons fundraising in new york and new jersey today headed back to california a day earlier than planned for five Straight Days of campaigning before next weeks primary. Sanders has already been in california for days. Hell stay there and hes got a couple more events focused on health care. Whats Donald Trumps rhetoric. Is he trying to suggest who hed rather fight and will that have any impact . Actually, hes doing the opposite. Hes stepping back. He spent a lot of time talking about Hillary Clinton. Now of late, hes talked a little bit more about Bernie Sanders but he stepped back from that debate with Bernie Sanders saying, wait a minute, were going to wait until the democrats hash it out decide who they want to be the nominee and then well go from there. Hes actually stepping back from it seems choosing between the two. Tracie, thank you. U. S. Chamber of commercial wants to keep the status quo in congress. The wall street journal says they will launch an issue any of to raise money for title senate races. The aim is to keep the gop from losing control of the chamber in november. The effort is being led by both republicans who back the parties, president ial nominee donald trump and those reluctant to do so. Republicans currently hold 54 of the senates 100 seats but 24 of those seat, up for grabs this year. To sports. It all comes down to one game in the nba western conference finals. The Golden State Warriors come back from being 31 down in the series to force it with the thunder. We head to oakland with just five seconds to go in the first half. Steph curry takes matters in his own hands going the length of the court and to the hoop, kisses it off the glass. The buzzer and then six points at halftime. They put the hammer down in the second half. Curry leading the way. The official comeback in the game and series drilling a three for deep, 9688, for the second straight year, theyll face lebron james and the cleveland cavs, that will be one to watch. Wilf, since youve been in america, have you gotten into the basketball or were you already there . Ive been to a couple knicks game and have followed steph curry because of saras love of steph curry. I want to pick all of the teams. I came in the middle of the season i kind of watched from afar. You should keep afternoon eye on the raptors. The fans are crazy. Everyone in canada, to the ice, the puck was dropped in game one of the stanld cup finals. Pittsburgh penguins led by Sidney Crosby nation off. Penguins dig the puck out of the corner and defenseman kris letang centers it to nick bonino to bring it home. Bonino with the fifth winning playoff goal of his career. Game two is wednesday night. Wilf, theres a lot of attention on the warriors but the San Jose Sharks are killing it. Ive got to get to an ice hockey game. You havent had one. I noticed they had me tell that story because im canadian. Biggest sport in canada, is it . Certainly, its a national sport. Still to come, this mornings top stories, but the ceo of cocacola, the Worlds Largest pop maker. Theyre playing this canadian singer. And the question stocks positive las