Im scarlet fu in for stephanie this week. We missed you yesterday. Tweet fromg in a stephanie. Actually, not between, but an update on her vacation. I hope shes having fun in florida. Weve had a good start so far. Maker of candy crush and has made its trading debut below its goal of 22. 50. Its ipo the midpoint of range. It gets almost 80 of its annual sales from candy crush. One of targets top executives will be grilled today. The retailers cfo will appear before a Senate Committee they will talk about opportunities to stop cyber thieves. Locklin looks to be Rupert Murdochs heir apparent. The appointment catapult them over younger brother james mahood will become coceo of his brother james, who will foxme coceo of the network. You have to know the gossip in order to urge the mechanics. Lets move on to what happened in Silicon Valley. Facebook is buying a Virtual Reality Gaming Company called oculus. Virtual Company Worth 2 billion. Here is cory johnson joining us from san francisco. W
Trying to strengthen ties with eu allies. Hans nichols is in the belgian capital. What will be the tone in brussels . It started somber when the president visited fields of flanders. On wars inective past centuries and the responsibilities of the current. Eneration all unit given the situation with ukraine. Technically, heres what is happening today. Theyre making technicall assessments on which industries in europe would be affected by another round of sanctions against sectors and companies. Obama mentioned energy, finance, arms industry. They seem to be far away from pulling the trigger on another round of sanctions, there would have to be another incursion. Rom russia into ukraine thank you, hans nichols. In washington, the senate moves closer to adding a two ukraine. The bill advantage the provision the bill abandons the provision that would have boosted the imf and guarantees 1 billion in loans and 100 million in direct aid. Sandy levin of michigan, Ranking Member of the house wa
Deliver theama will commencement address at west point 11 00 today. We may get some indications about Foreign Policy. He was speaking about the military pullout of afghanistan. Ian bremer will join us as well. Lets do a data check. It just goes higher. The 10 year yield is 2. 49, a euro, hydrocarbons are elevated as well and the vxx is the complacency, gold has gone south. We spent some time looking at gold yesterday. Critical support is 1219 per ounce. Is a big theme for us today this is the vxx rolling over. We are through one standard deviation and in a zone of complacency. This is the lowest we have seen in a long time. Thats why the banks are having trouble trading. We will talk about this today, the complacency out there in the markets. We have looked at the front pages adam johnson . We will start once again in europe where ges jeff imelt met with the french president france francois hopllande. Alstom makes tgv. Just talking about queens this morning . Area ofis somewhat your me
The business of the French Company. Siemens may make its own bird. Shares of twitter are down as much as 12 in the free market. Twitter pops twitters in the growth First Quarter. We will be told what is going on in twitter. And, normally a big day for investors. However, mike mckee says the real deal is that the data and not the response will be what matters. Honored to be the first media heavyweight on your show. Have you ever been less excited at a fed meeting at agenda a janet era . Into the rate of getting rid of qe. Do not expect much out of them. It is more about where we are going than where we have him. That is another have been. Blame that on the weather. We will probably see a real decline on what is happening to the First Quarter. That will be ancient history. Just a few minutes, 10 minutes from now, we are acting in increase. In the last five months, in four out of the five months, we have seen 80 underreport what the Labor Department did. That can move markets. At 10 00g c
Lets start with breaking news on housing. New home sales for april hitting the wire. Mike mckee is with us. It looks to be at 6 . Lessat would seem to be than forecast. You have to look at the revision pretty Commerce Department revised the last years newhome sales numbers. That pushed up the march number. March had fallen off a cliff. Now it is much better. It had been a 14 decline. It is nothing like that now. The increase is good. 14 . decline instead of the increase looks better than it might have otherwise. We did ask three questions about this report earlier. Here is what we can tell. The first question was, was it the winter effect . Hard to know because newhome sales did not increase in the northeast. You would think that would have happened because the storms were over. There were storms in the midwest and south. Whetherconclusive on there might have been more home buying. More people bought at the lower end of the scale this month. It looks like we are seeing the kind of mome