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Welcome to squawk on the street. Im Carl Quintanilla, david faber, jim cramer at the new york stock exchange. Get to wells in a moment. Premarket weak on the back of disappointing chinese trade data, renewing concerns about global growth. Europe down more than 1 . Yields here falling back to 1. 75. And oil still fighting it out just above 50. John stumpf said departure comes amid that scandal thats engulfed wells fargo. Tim sloan is now the new ceo. Sanger will be nonexecutive chairman. Jim, happened suddenly, tensely worded press release. Your thoughts after seeing that tape. Well, first, whe...

Dylan for his contributions to song writing. Welcome to closing bell. Im kelly evans. Im bill griffith. Put a smile on your face, the dow rallying off of 184 point deficit earlier today. Stocks originally under pressure over concerns about weak export data from china. We will have more on what is behind the comeback. How does it feel . To be on your own . Im like are we actually singing . I got you. I think. New ceo of wells fargo. Chief operating officer tim sloane getting elevated to the top spot. Do critics want to see more changes. We have the president and ceo of the independent Community...

Ftse 100, italy, spain, all up. Looking at crude. Wti sitting at 50. 91. Lets get to that microsoft story. It is the top corporate story. Shares of the tech giant popping on better than expected quarterly results. The big driver, the cloud. The shares of the microsoft product doubling in the most recent quarter. The stock hitting an alltime high in afterhours trading breaking through a level hit at the peak of the tech bubble back in 1999. Its going to close in on a half trillion dollars again. Its great day to have ballmer on. He took a lot of flack for not turning it into something it wasnt....

Week of losses, sell everything. Im out of there, baby. Much more on microsoft and great interview with former microsoft ceo steve balmer in just a bit. A propitious day for that. To the developing story, surrounding at t and time warner. It seems bigger is better once again. At t down a little bit, by about a dollar. Time warner moving up by 9 at 9076. David faber working the phones and is here with the latest. What are you hearing, david . Developing is the right word and things are developing very quickly. In fact, so quickly that you could see a deal announced as soon as, lets call it shor...

Through the private email server clinton used while she was secretary of state. Clinton made no mention of those reopened investigation during her speech in cedar rapids, iowa this afternoon. Instead, she focused on comments donald trump made on whether or not he would accept the outcome of this election. In our country we have free and Fair Elections and a peaceful transfer of power. That is one of the great hallmarks of anchor clinton does have more events scheduled for later today. No word if she plans on addressing this new issue. Well let you know if she does address it. Live in the newsr...