22 point set off in the dow. Nasdaq futures go positive. S p futures down 2. As for the u. S. Dollar its weaker this morning. We put it up next to show you. Just turned stronger against the euro. Weaker against the japanese yen. Thats down almost. 3 . The pound goes firmer. 12924 ahead of the thursday election. As for oil prices lets show you the trade there after that reversal of the rally we saw yesterday. On the back of news that arab nations were severing with qatar. Nat gas continues to rise. As for asia overnight we did see weakness in japan down a percent. Shanghai comp as well. Retail sales in rising 0. 1 in april slightly above expectation. And down a third of 1 as well. 215 and change and clearly not able to get a lot of lift. A lot of folks waiting for that. Starts steepening but still relatively sluggish inflation and Growth Numbers weighing on it. Did get a little bit of a bump yesterday. Thats about 2 thirds of 1 . Whats the key . Because earnings have quited down. So has economic data. The Services Number came in in line. Pretty steady and strong. A fed meeting next week where the expectation is they will raise interest rates. Is it the trump agenda or hopes that it will look good no matter what bonds are doing. Its waiting for the fed. You want to see the fed and before that the ecb on thursday. This market, it sees these dates that have lots of stuff we know is going to happen it tends to sit and wait and maybe have a build up or anxiety. You talk about people heavily hedging the pound right now. As you see the treasury so its waiting to get clear of those things on thursday so were almost done with the second quarter. The other event that everybody is watching on thursday as well is i guess the market angles here is investors want to he see how damaging it could be to this presidency as they still look ahead for his agenda which again was front and center this week he was talking infrastructure. Its front and center if they make it so. Also the market right now again is not riced tick for tick at all based on policy but i think wall street still in general wants to see some momentum. Speaking of that, President Trump does try to jump start the legislative agenda. He will be discussing health care and tax reform with congressional leaders this afternoon at the white house. One top aid to the president did tell reporters last night he expects lawmakers to pass Health Reform and the 2018 budget and then focus on tax reform in the fall. Youd rather hear from the senate that theyre getting closer on health care. So we have to think about it. Time for a big shake up at j. Crew. The clothing companys long time leader handing over the reigns. Landon joins us with the details. Good morning, landon. Good morning. He is stepping down but will remain on as chairman. The retailer naming james brett as its new chief coming next month. The move comes as they struggle with a prolonged sales slump. Same store sales have been down for the past ten quarters. Add to that a burden of 2 billion in debt and less than 150 million in cash. In april the company cut 250 jobs. Mostly from its new york headquaters. Drexler is most famous for redefining gap in the 1990s before joining j. Crew where he transformed into a household name. But times changed. J. Crew has been struggling to compete online. Drexler missed signs of how quickly technology would change the retail landscape and now hes a seasoned exec. And during his tenure nearly tripled so were going to hope he can do the same for j. Crew. Thank you. What a fall from grace. It wasnt that long agatha he was the benchmark right of the Retail Industry and yes hell stay on as chairman but it seems like another flashpoint in what has been retail apocalypse. He did it twice. He is credited with doing it and then recreating it at some form at j. Crew and the days of having the design guru at the center and trying to stay in tune with what is going to be good with next season in large part thats gone away. You wonder what it takes to be an exceptional retailer in this day and age. Stocks to watch today. We have shares getting a pop after better than expected earnings and revenue. You see that there. Shares of and announcing positive trial data for a drug to treat parkinsons disease. It was not the sector but definitely getting some help and the Company Issued strong guidance topping analyst consensus. Ordering dish network to pay 280 million in penalties. This maybe the largest monetary judgment in a robo call case ever. The ceo is retiring after 14 months on the job. Slipping after earnings missed forecasts. The ceo of the chain calls the current operating environment quote challenging. Challenging for Convenience Stores which can be tough. Which actually has not been the case over the last few years. As for todays earnings hd supply, report after the opening bell. After the close well hear from dave and busters. On the economic front one data point to watch. Labor Department Releases the job openings or Labor Turnover survey. This tracks information that doesnt typically show up in the employment report. Number of available job listings is how many people are quitting their job so usually a sign of labor market tightness and whether the workers have more or less power. Good for the economy. Its been going the right direction. We know that janet yellen pays attention. When we come back, we have a lot to talk about when it comes to am. The street has spoken. Apple unveiling a big bet on the home. Were going to dive into that 1 move lower yesterday. The tech giant was the biggest drive on the dow. It has still been one of the biggest winners of the year. Well focus on the product direction next. Stay tuned youre watching Worldwide Exchange on krcnbc. Finding time to get things done isnt easy. But weve got the Digital Tools to help. Now with xfinitys my account, you can figure things out easily, so you wont even have to call us. Change your wifi password to something you can actually remember, instantly. Add that premium channel, and watch the show everyones talking about, tonight. And the bill you need to pay . Do it in seconds. Because we should fit into your life, not the other way around. Go to xfinity. Com myaccount a bit on the defensive still had a bump last night. Now down below 50 in brent and below 45 perhaps before this came through. Apple now kicking off its annual Worldwide Developers conference yesterday developing a slew of new products. Welcome todd. Thank you for having me. So you are product guy. What is getting the most buzz . I think a couple of things yesterday are getting the most buzz. First the hardware was the home speaker, home pod theyre calling it. I think its because finally am has a new product. Everybody has been saying we need another iphone so heres the new product theyre going to take on the amazon echo. At a expensive price point. 349. The echo can come in at 50 for the dot or 175 for the high end one but its a lot more expensive. Theyre positioning for play one and play three speakers that cost about that one. It points to the other distinction between apple and amazon and google which is amazon and google have these devices really to sell you something else. Or obviously amazon for prime and shopping. Is that a weakness for apple or has apple maintained that premium price and says youre buying us because of the high level product. Youre saying theyre buying this because its apple but its also very much a weakness because i dont know how many people are using echos at home to buy things but they own them and their friends own them and google announced you can place phone calls to other local home units and you can call other phones and other echos. Thats compelling. We didnt see that yesterday with the home pod but it can do fun things and its more of a convenience thing. Its in the living room. Control your tv, ask for directions, ask for weather. Should we think about it like the apple watch. Another incremental revenue driver . I wouldnt be surprised to see tim cook call this a hobby like he did with the apple tv and not get Sales Numbers. Thats my guess for awhile but to talk about other important things yesterday its huge. Thats apples drive into augmented reality. Thats what it was showing yesterday. Taking the Digital World and putting on top of the Digital World but what that would mean in real life if you walk up to a restaurant and point your phone at it maybe it brings up the yelp reviews or Something Like that or you need the subway and it points you to your phone. Is there anything thats going to get people excited thats going to overtake what people are anticipating for the phone . I dont think so. I think everybody is really watching out for the phone and i think it was interesting yesterday apple talked about new software and io s11 we might be getting new features we dont know about. Clearly theyre putting emphasis on suri. In the race for ai, machine learning, augmented reality where does apple fit in . Far behind its competitors. Using suri doesnt give you the answers youre always looking for and its better natural language than some but google, google assistance is way better looking for specifics and search and tickets and all kinds of fun stuff. On the other hand i think apple has a position to do really well with it if it invests more in the platform and it has been. Also saying that the culture of secrecy and protecting user privacy make it hard to move apples dna in that direction. We saw that. It said that its not broadcasting any of that as an anonymous siri i. D. So for eem that care about privacy its huge versus alexa and google home and apple likes to say if youre not paying for something you need the product. Perhaps thats good. There was that weird downgrade. Downgrade. You know, hasnt made a new high since may 12th. Welcome to the team. Cnbc. Com. Thank you for talking to us this morning. A Small Business success story. The entrepreneur thats banking on girl power to bridge the gender gap in tech but first heres todays National Weather forecast from nbcs bill karins. Good Tuesday Morning to you sarah and mike. Florida is getting the soaking it needs and the northeast is getting the soaking they dont want or need. In florida we have tropical moisture moving over the state for the next two days. Maybe even into thursday well deal with this. Rainfall totals one inch in the blue and three inches in the pink. Thats a good deal of the Sunshine State with a good widespread heavy soaking rain. This morning the worst of it is ft. Myers and maples. And peninsusacola has some now. It feels like april type weather, boston, new york, temperatures in the 50s so a jacket for the kids and also all the summer weather. More Worldwide Exchange when we come back. These birds once affected by oil are heading back home. Thanks to dawn, rescue workers only trust dawn, because its tough on grease yet gentle. I am home, i am home, i am home thithis is the new new york. E . Think again. We are building new airports all across the state. New roads and bridges. New mass transit. New business friendly environment. New lower taxes. And new University Partnerships to grow the businesses of tomorrow today. Learn more at esd. Ny. Gov the iconic tour is heading to cnbc for the first time. Kate rogers has been out profiling the hottest start ups and joins us now with more. Good morning, it was launched by two founders hoping to inspire the next generation of female leaders in science, math and tech. They want to change the way young girls think and play. I think that if we could start early and tell girls that they can be creators and builders its going to change the world. The cofounders started selling their hightech friendship bracelets in 2016. They pair with nearby friends and send secret messages and could be coded to change color. We uploaded the code to the jewel bot and it changed colors. When youre next to one of your friends it lights up. The idea was born out of an experience chips had as a Computer Programmer surrounded by male colleagues. I was five years into my career before i worked with another woman and it was another five years until i worked with another one and i always wanted to change that environment. They first launched their product on kick starter meeting their 30,000 goal in one day. They graduated from tech stars in december 2015 and began Retailing Online on their own website and target. Com the following year raising 1. 3 million along the way. The hope is that more young girls will realize how fun coding can be. I think we dont want there to be a disparity between boys and girls in programming. We want just as many girls to program and get into the world of Computer Science and make up their career and design the products of the future. Brook and sarah are now working on placement of the product for the next Holiday Retail season and continuing to expand and iconic does kick off tomorrow all day here in new york city. A great lineup of speakers including ariana huffington. Check out our live stream. Back to you. Love it. Big lineup. Seattle became the latest u. S. City to pass a pact on soda and sugary drinks joining philadelphia, San Francisco and oakland. Metro will be signed by seattles mayor today. They say it will hit Small Businesses and poor and working class families the hardest. Diet sodas are exempt in this one but basically any other type of sugary drink is in there. Red bull, gatorade. It was pretty pronounced. Sales and both companies have had to adjust their businesses within philadelphia. This is a growing risk certainly and its not just happening in the u. S. Its happening globally too. Theyll have to grahamable like they have been doing. In some sports news the nhl stanley cup finals are tied at 2 games a piece. The Nashville Predators evened the series last night. Its a 11 game until the Second Period when nashville scored two goals. They added another goal and went on to win 41. Game 5 in pittsburgh. It hasnt all been about the action on the ice in nashville. Celebrity versus been in the stand routing for the predators. Carrie underwood posted this video after last nights win. She is married to Team Captain Mike Fisher and keith urban posting this thumbs up photo on twitter. He was also at game 3 this weekend with his wife nicole kid man. The town is just mad for this whole thing. Not a lot of native hockey fans in the south. Who knew it. Its about the celebrities. Congratulations to them. Coming up this mornings top stories and round up of the global market. Plus trudeax is trending again. What he is doing in an attempt to make the fight against Climate Change cool. Youre watching Worldwide Exchange on cnbc. No splashing wait, so you got rid of verizon, just like that . Uh huh. I switched to tmobile, kept my phone everything on it oh, they even paid it off wow yeah, its nice that every bad decision doesnt have to be permanent now you can ditch verizon but keep your phone. Well even pay it off when you switch to tmobile. So you miss the big city . I dont miss much. Definitely not the traffic. Excuse me, doctor. The genomic data came in. Thank you. You can do that kind of analysis . Yeah, watson. I can quickly analyze millions of clinical and scientific reports to help you tailor Treatment Options for the patients genomic profile. You can do that . Even way out here . Yes. Even way out here. Futures point to a lower open on wall street. A big shake up at j. Crew. What it means to be an iconic retail brand. And Magic Johnson has a message for President Trump. What he said exclusively to cnbc. Its tuesday, june 6th, 2017. Youre watching Worldwide Exchange on cnbc. Good morning and welcome back to Worldwide Exchange. Glad to have you, youre here all week. Lets check on the Global Markets this morning. A little bit of a mixed picture. Take a look at the futures. They were looking to back off very modest losses yesterday off the all time highs. Another gentle day of trading today. Actually have it right near the flat line. Nasdaq has been the out performer. Its actually slightly into the green but maybe looks like another day of watching and waiting for a couple of big events on thursday. Taking a look at asia. A bit of a mixed picture overnight. You did have japan down by almost 1 . Hang seng about. 5 . Shanghai up a little less than that. Seems like this trend of slightly defensive tone but mixed is happening there as well. In europe, you were also backing off about. 3 off the board. Thats what it is. You had retail Sales Numbers come in and that was a slight miss. I think up 0. 1 but even before that it looked like we were looking for extremely modest. As for the broader markets, oil down again this morning. Prices last we checked abou about. 2 . Thats where we are now. Wti crude 4732. Off the loes of the sessions where we were about a half an hour ago. That gas continues to rise. As for the ten year treasury note yield yields did tick up for a change. Theyre back lower this morning. 215 on the ten year. Have to break below 2 to break the november levels but still buying of treasury yields go lower as for the u. S. Dollar looks like a mixed picture. The dollar is weaker against the yen. That tracks the treasury yield very carefully and youre seeing a deline this morning. That stronger yen could be a head win for u. S. Stocks as well. The dollar is barely moving here. 11247. Prime minister may has done better the pound has come back 12914 though were waiting for more polls into thursday as the race tightened. 7 week high for gold on