ty, over to you. >>> sue, cnbc celebrates small business week. today we're going to highlight an entrepreneur who as overcome age and gender bias. her success story is coming up when "power lunch" returns. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. trwith secure wifie for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. >>> welcome back to "power lunch." el dao backle of

>>> cnbc is celebrating its 25th anniversa anniversary. we've released our exclusive list of the most influential men and women in business over the past 5 years. and in just a moment, jim cramer will join us. he's going to give us his take on the list. >> i've gone through these people, figured out who can make us a profit. the 25 got it. the 25 men and women are incredible. but i break it down for who are the five and then i've got one for good measure, who are going to be worth betting on. jockeys and horses. >> sounds good. we'll be right back. we will join jim in two minutes' time. huh, 15 minutes could save you 15% or more on car insurance. everybody knows that. well, did you know that game show hosts should only host game shows? samantha, do you take kevin as your lawfully wedded husband... or would you rather have a new caaaaaar!!!! say hello to the season's hottest convertible... ohhh....and say goodbye to samantha. [ male announcer ] geico. 15 minutes could save you 15% or more. today is thursday [ maltoday, we greet you. treat y

welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin and an under the weather joe kernen. joe, your voice, honey, i hope you're hanging in there. i am in omaha for the berkshire hathaway annual meeting. we got the chance to catch up with warren buffett and got some of his comments on the compensation issue. >>> our lineup, we have the ceo from net jets, jordan hansel. mario gabelli is coming up at 7:15 and 7:40 a.m., activist investor david winters. also, matt rose, the executive chairman of the burlington northern santa fe railway. we have a big lineup, a lot of people to talk to this morning. right now, back to joe. he h

welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we visit with a trio seeking to make a difference by offering a helping hand to those in need. we begin with nicholas negroponte, a professor at mit. he's the founder of a nonprofit organization called one laptop per child. his vision is for every child to have a laptop computer, and with it, the possibility of a better future. he recruited a cadre of engineers and programmers who created the low-cost xo laptop. it costs less than $200 and is designed to be used in some of the most impoverished places on the planet. as lesley stahl reported in may 2007, negroponte's dream was ambitious. to understand it better, let's go back to where that dream was born: cambodia. >> the idea came to him in a remote village called reaksmy, a four-hour drive on a dirt road from the nearest town. it's as far from mit as you can get. they don't even have running water. >> [bell being struck] >> stand by. >> negroponte and his family founded a school here in 1999, putting in a satellite d

he was on cnbc a couple days ago. i'd like to get your creation to what he said about michael lewis and the book and your reaction. here is tom joyce.rcreation to what he said about michael lewis and the book and your reaction. here is tom joyce. >> he's dead wrong. let me ask you a question. who is rigging the market? is the s.e.c. rigging it? i doubt it. is duncan? i doubt it. duncan has more integrity than your family unit. >> so do you want to answer to what tom joyce said? and again, the conversation went on and he brought the example of everybody has an advantage over somebody else and whatever line of work or whatever you're doing throughout your life. you have documented with ammon a specific advantage that certain brokers have other others in the way they trade on ie sxch echli. so answer tom joyce e's charge, please. >> again, it's whether intentional or not, what has happened is that the markets themselves have in a way provided certain advantages. back to the point i was making is that the exchange really,

people just watching the first on cnbc coming up. arnie sorensen and alan krueger well, know that wasn't alan krueger two guys the ceo of t-mobile, one guy not, one guy was alan core danny. just fix all that. someone is watching. i'm watching. i realize. he's won eight major championships, former number one player in the world. tom watson joins us next. astrazeneca wi "squawk box" will be right back. . beautiful day in baltimore where most people probably know that geico could save them money on car insurance, right? you see the thing is geico, well, could help them save on boat insurance too. hey! okay...i'm ready to come in now. hello? i'm trying my best. seriously, i'm...i'm serious. request to come ashore. geico. saving people money on more than just car insurance. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could r

we are cnbc and that's what we do. the penalty is 1% of your income over the tax minimum of $10,100. divide that by 12. in some cases, people are smart. won't they just make the economically rational division unless they're going to have a catastrophe in their life and take the cheaper option? >> for young people making $35,000, $30,000 a year who are eligible for very little, if any, subsidies, they're actually going to do exactly what you said, which is sit down with a pencil, figure out how much their premiums are going to cost and say that's too much. it's going to be less than the tax i'm going to potentially pay at the end of the year even if the irs tries to go after me. i think a lot of those people will sit out of the market this year. it could be we've seen a surge of people not in great health. we need to sit tight and see how these numbers shake out. we know very little for certain right now. >> and that is the key to the success of the of the whole program is that we get those young enrollees to be able to

welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin and an under the weather joe kernen. joe, your voice, honey, i hope you're hanging in there. i am in omaha for the berkshire hathaway annual meeting. we got the chance to catch up with warren buffett and got some of his comments on the compensation issue. >>> our lineup, we have the ceo from net jets, jordan hansel. mario gabelli is coming up at 7:15 and 7:40 a.m., activist investor david winters. also, matt rose, the executive chairman of the burlington northern santa fe railway. we have a big lineup, a lot of people to talk to this morning. right now, back to joe. he has breaking news. you okay? >> yes. you have this. i'm told your husband had it, too. >> i'm sorry. >> andrew had it. >> everybody had it. >> andrew had it. >> tag, you're it. >> i don't feel that bad. yes, exactly. some people, you get sent home. if i'm going home, someone has to send me home. it's jobs friday. >> i'm okay. i'm in omaha. >> i need to be here. >> there's a

cnbc analyst. dan, i'm going to start with you. we have these equity markets that continue to march higher, but the big debate is where the rest of the world is in relationship to the united states. we have big gains in the shanghai index, but then poor data coming out of china. let's start with china and go global. how do you feel about it? >> i think we're looking for the u.s. to lead a bit. we know the fed will be supportive, so the question is when will the rest of the world catch up? if we look at emerges markets, on the one hand i like the valuations, but a bit worried about the make roe environment. that will be hard, and we also don't see the earnings momentum we would like to see. >> here at home, kenny, we bumped our head against the 1900 market. >> a close of 1900 would be psychologically a really good things, but what we're seeing today is a bit of exhaustion. you thought if you went through 1900, you would get this huge momentum and people were so excited we went there, and everyone went, ah, and just sighed. >> at lea

cnbc has confirmed that apple is in talks to make a play for the music company beats for more than $3 billion. the rapper, dr. drea, one of the men behind beats, but what is the company? and is it really a good fit for apple? apples and beets great on salads with walnuts, but we'll explore. >>> we'll take a look at all of those and more, and sell in may, go away. you know the saying. how is that old saying holding up? we're going to focus on value over growth. first, sue? got your beats, sue? >> i do. i like that. for more than $3 billion, but what is beats, and what is behind? why does apple want to make this acquisition in this space and with this company? morgan brennan is live at an apples store for us. >>> so beats electronics was founded in 2008, essentially two businesses under one umbrella. the flashy high-end ear phones that actually retail in apple stores already, and actually already enjoy their own display table. the second is a music streaming platform, similar to pandora or spot i fill that just launched in january beats pulled in a reported 1.3 billion last year, but th

. >> welcome to 60 minutes on cnbc. i'm bob simon. in this edition, we look at three groundbreaking approaches to education. first, we visit the seed public charter school, the nation's first urban public boarding school. later, we meet some unlikely students who are getting a liberal arts college degree behind bars. and finally, we go to the harlem children's zone under the leadership of geoffrey canada. we begin with seed, one of the most successful and innovative charter schools in the country. it was started in 1998 in southeast washington, d.c., where some of the nation's most troubled schools are located and where most students don't finish high school. but as byron pitts first reported in 2010, seed students are different. most graduate and go on to college. admission to seed is by lottery, open to any family in the district willing to take a chance. >> girl 41. >> yeah! >> this family was one of the few who won the lottery, a $35,000-per-year education paid for by private and government money. >> boy 12. >> yay! >> only 1/3 of

you can watch the rest of the story on cnbc. we talk about what the drivers will be over the next few years. and this is a man that says the future is all about ethical bank. there's a broader fundamental shift under way. we'll get into that. make sure you tune in, ross. i know you've got the perfect setup at home. maybe an additional surround sound system can give you something additional to enjoy it. >> we get the bass out of your voice out with a subwoofer. which is very important. what he's saying, going back to the old-fashioned style of banks should be the enabler. they became the growth story themselves from the financial crush. >> there's a lot of emerging literature that looks into that and discusses the merits of conventional versus islamic or ethical banking. of course that's a discussion for perhaps another time. >> conventional banking can be ethical, i think is what we're saying. yousef, look forward to that. it's on my electronic program guide, all ready to go. thank you. that's access middle east. >>> also still

cnbc is in milan with more. clara, very ambitious plans, sergio marchionne laid out. why is there skepticism about it? >> ak as y >> of course, as you were mentioning, it is a very ambitious plan. it is down by 8.5% here this morning. and this is probably more than you might be expect. of course, again, the ambitious plan is one of the reasons, remember, the stock has had quite a run. up 40% in the last four months. 97% in the last year and has certainly outperformed its peers. as far as the ambition you were talking about, though, the numbers are great in terms of how much they expect to grow in terms of volume. they expect to reach significant numbers for jeep, 1 million already this year, going from the 732,000 in 2013. and then reach at the end of this five-year plan a 1.9 million units sold for jeep. the same goes also for the ambitious plan of alfa romeo. it's so far failed to show that it can go through with a relaunch. this ambitious number also for alfa romeo, they'll be investing huge amounts of money there. so that seems to concern somehow the market on whe

petersburg forum on cnbc. m cnbc.co cnbc.com/spief2014. >>> joining us is cnbc's eunice yoon in beijing. eunice, who is responsible and what does it mean for the likelihood of further problems. >> so far we don't know who is responsible but the government is calling this attack a serious, violent, terrorist incident. the staid media has been reporting that two vehicles rammed into a crowded marketplace in the early morning in the provincial capital. 94 people have been injured. one of the suvs burst into flames. manufacture the casualties were elderly people who were on their way to the market in the early morning hours. the injure ready currently being treated at the hospital. so far, no one has claimed responsibility for this attack and the government hasn't yet identified who's responsible but we do know this incident did take place in a very sensitive part of the country, which is home to the muslim uighur minority. that minority has been blamed in the past for other recent attacks, including one here in b

and a cnbc contributor. good to see you. >> good to be here. >> first up this morning cloud storage company box announcing it will delay its ipo until at least the month of june. box filed for that ipo back on march 24th, was eligible to list shares as early as april. here's box ceo aaron levy on this show back in march talking about the future of the company. >> the key is to build a very substantive product and company and to have a very, very long-term view on the market and what we're trying to build. and i think that's going to be something that we've always had and what will carry on into the future. so we're just focused on the long term and want to make sure that weng bring our software to every company in the world. >> box declined to comment on the story, but a sudden sell-off in stocks in cloud companies may be a big reason for the delay. this chart tells some of the story. cloud companies like service now, workday, viva systems all making obviously big moves to the down side over the past month.

jackie's got the details for us at cnbc hq in the states. good morning. >> good morning to you, ross. that's exactly right. a prominent activist investor is taking dead aim at pepsico, describing the company as having a culture of -- ed garden is vowing reform will come to the company, citing part of that change will have to be management strategy. it's not often that they can get on the same page with management and find common ground. he said they built a huge corporate bureaucracy. it's demanding that the company split its drinks business from it's frito lay snacks division. they tried to outline the proposal but said pepsi has been dismissive. the company has tried to review the proposals but it wouldn't maximize shareholders value. >>> chipotle, the top shareholder advisory firms, are also recommending that investors oppose the compensation plans. they criticize the restaurant chain for what they call a disconnect between pay and performance. it's not like the company is performing badly. over the past five years, the stock has risen fr

call me at 1-800-743-cnbc or

>> i just want to thank you for being here on cnbc. and it's great to be back in france after serving as the ambassador for four-and-a-half years. this is my first trip as ceo, and if you think about the fact that smos, there are 20 medium small enterprises and 28 million in the united states representing 99% of all business. and the smes are responsible for 85% of new jobs. so it is these types of deal that is the trade impact partnership impacts me. >> if i can pursue the income story one more time, household income in the states in 2008 was $56,000 per household and now is near $51,000. a lot of the households are employed but not enjoying the fruits of the recovery because their income is down. because the jobs and the growth isn't effective them so much. it's the big companies that are doing very well. it's the pfizers who can track them down. the smes and owners of those, perhaps not so much. >> when you look at the jobs report, 288,000, unemployment is down a half percent at a level that is as low as august of 2008 before the cr

. >>> cnbc celebrates 25 years on the air. we're taking a look at what the future defense looks like in the next 25 years. cnbc's jane wells is in orlando for us. jane. >> as defense budgets shrink, it is boom time. they're being used to train for everything. >> there's an rpg up on the rooftop. >> playing war is getting more like the real thing. the military is increasingly relying on simulators for train. >> the cost of simulation is about 1/10 of what the cost of live training is. >> half of all the training at edglan air force base is being done with simulators. most believe the ratio of virtual to live will go higher. >> if you like, we can go up in the weapons bay. >> simulators are being used to teach maintenance. >> i'm confident that my 10-year-old could probably come in here and remove and replace a tire after going through this training. >> to save money, for the first time they created mockups so guys can practice loading and unloading weapons without having to take the jets off the flight line. over the next quart

he told cnbc $2.7 billion of the cost was radically overstated. bank of england mark carnie spoke out against bankers yesterday, saying they should think less about personal gain and more about the health of the economy. he says misdeeds risk undermining the support for free markets. he added that solving the problem of banks that are too big to fail is still the most pressing issue tore him toing tole, saying this is a year -- this is the year to complete that job. >>> rbs is set to scale back its operations in the united states, according to reports. in an internal memo revealed that the uk bank will cut its mortgage trading business based in connecticut by two-thirds. jobs are expected to go over the next two years. the move preempts new regulation from the federal reserve. >>> now, former goldman sachs trader fabrice torres says he won't appeal an s.e.c. order to pay more than $825,000. after a jury found him liable for defrauding investors in a failed mortgage deal. the s.e.c. accused him of hiding the fact that hedge fund company was involve

people would come on cnbc and say i hate -- i'm in lovy junk bonds. there's something contradictory about that point of view, so treasuries are underowned and there's a lot of short positions against it in unconstrained bonds and etfs if those shorts get pulled you could see a scramble to treasury rates. who knows, make we take out the unthinkable below 2012 when we talked about it was happened. ed at the time i thought there was a 90% chance that was the low in bond yields, and i still think it was, but now i think it's only a 70% chance. i think the chances have gone up that we go lower in yield because of massive underpositioning in the treasury market. >> i've got to go. thank you so much for joinings, but i would be remiss not talking about apple, as the stock sits at $600. >> we talked about apple, i thought it may make its way to 600 this year. i think the fairly radical steps this took support of stock, so maybe it goes higher. i wouldn't look for much or 600, though. >> jeffrey gundlach, thank you. ceo and cio of double line. don't forget lar

. >>> it's the interview of the week, and it was right here on cnbc this morning. russian president vladimir putin. >> what has motivated your actions through this crisis? >> or man in russia, making putin very uncomfortable. >> do you accept the legitimacy of the election that is going to take place on sunday in ukraine? >> translator: he's a different man to deal with. where did you get the guy? >> where did we get that guy? we got him from cnbc in europe, he is jeff cutmore. he will join us from russia, st. petersburg. he made headlines all over the world. you can tell he really challenged president putin. >> fascinating stuff. sue is in the house today, and we will take you to petersburg very shortly. but first another big day for stocks. let's look at the dow as we head into the long weekend. about a third of a period. the nasdaq up a half percent. 21-point gain there. s&p a third of a% at 1899, and the russell reversing some recent losses, up about nine points right now. >> you know how i love the transports. >> you are a transport kind of girl. >> i love the

the answer when cnbc "squawk box" continues. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪

the home builder confidence was off, the technical analyst told cnbc he had a sick feeling that smaller stocks could fall 25% soon. meanwhile, in las vegas, influential hedge fund investor david tepper told the conference he was worried that stock prices were stretched and warned investors not to be strongly long on the market. maybe what is said in las vegas should have stayed in las vegas. >> reporter: so why all the fuss over david tepper's comments? back in 2010, when he first appeared on cnbc he said the fed's stimulus program is a start to get aggressive. >> then what is going to do well? >> everything in the near term. >> so what do i do? i got to buy. i can't take the chance of not being a little bit longer now. that is not meaning i'm going [ bleep ] through the walls. can i say that? >> reporter: he said it. and what followed was the tepper rally, a bump in the next six months. >> i'm the animal at the head of the pack, and like i said i either get eaten or get the good grass. >> reporter: tepper was at it again last may talking about the fed winding down its stimulus program

eunice yoon, cnbc, beijing. >>> let's give you a look at what's on the agenda in asia tomorrow. china's industrial profits for the month of april will be out. we may get an idea on whether china's slowing economic growth is taking a hit on the bottom line of state-owned companies. meanwhile, india's new ministers take charge. more clarity is expected to emerge going forward and as thailand continues under marshall l-- martial law we trak the impact on the economy and the markets. >>> a mining producer is seeking to develop the tenth largest mine in the country. the ivory coast project is fully funded and is expected to extract goal at $700 an ounce, making it profitable at current market prices. what are the risks of investing in a country that has seen two civil wars in less than a decade. i have loads of questions.

cnbc is launching a new show this july. chef tim love is on a request to discover and invest america's injection generation of restaurant superstars. joining us is joe alongside mario vitale. i think we have all been to one of your restaurants at least. italy is a fantastic concept as well. >> yes. there will be another italy downtown. >> italian food. >> it's the center of everything delicious and fabulous about italian. everything. quite an experience. >> there's probably a lot more in the pipeline for you guys. >> italy, globally we just opened in dubai and istanbul and freedom tower is exciting for new york. >> congratulations on that. >> thank you. >> the question i think people have is what do the next generation of restaurants look like. >> i think italy is a game-changer for restaurants. the first time the idea of where you shop and eat become one in the same. you go to eat in the restaurants, you pick up some food. it's are all the senses meet and real exploration of food happens. >> what was the genesis of that co

we are joined from cnbc hq with more on the story. considerably more than ubs got fined, seema. >> right. they are imposing the largest penalty, this after a lengthy criminal investigation into allegations the swiss bank recruited u.s. clients to open swiss accounts, hem them conceal accounts from the irs and enabled misconduct by employees. credit suisse agreed to pay about $.6 billi $2.6 billion to government and regulators. u.s. attorney eric holder said the conspiracy spanned decades. >> the bank went to elaborate lengths to shield them from their criminal actions. they destroyed bank records and concealed transactions involving undeclared accounts by limiting withdrawal amounts and using offshore credits and debit cards to repatriate funds. >>> jpmorgan, earlier this month, glass lewis recommended that shareholders vote down ceo jamie dimon's pay raise. he plans to stay at the bank for as many as five more years. ross? >> yes. good for him. >> yes. doesn't look like he's going anywhere. >> no. i'm sure he'll be rewarded for it as

right here on cnbc. meantime we got a day where housing starts beat all three retailers, post positive comps. will be a record for nordstrom. >> nordstrom sold the credit card receivables. worth pointing out, they don't like the darden number but they do love the [ inaudible ] number. dillards is soaring. they've got dillard, jc penney, of nordstrom. and you start thinking wait a second, how bad is retail? you get that housing start number, start thinking how bad is housing. a lot of people say jim you don't know what you're talking about, the housing number is bad. this is a lying eye to the situation. my eyes saw it. they could be wrong. i have to get to the op that mol gist. i look at the number better than expected, never outthink it. >> you can't hide your lying eyes as the eagles once said. down at the big board, jumeje of beauty products celebrating its ipo. lot of chinese ipo. >> over at the nasdaq, celebrating its ipo truecar a website that offers up front car pricing estimates. we'll talk to th

hear what putin told cnbc. it's going to be another look at futures as we end the week ahead of the long weekend. more "squawk on the street" live from post nine when we come back. you, my friend are a master of diversification. who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*? predibut, manufacturings a prettin the united states do. means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. >>> this morning we are remembering our g

welcome to "squawk box" right here on cnbc. i'm becky quick along with andrew ross sorkin and brian sullivan in for joe today. we've been watching the stock market and so far it's been looking to extend its rally into the long weekend. take a look at the u.s. equity futures this morning. green arrows. these are modest advancers. s&p futures up by just over 2 points and the nasdaq up by just over 5. the dow, s&p and nasdaq have closed higher in four out of the last five sessions. small caps outpacing the broader market yesterday. it's been disastrous for the russell 2000 lately. it fell into correction territory last week. since then it has retraced and is now less than 8% from its peak, believe it or not. meantime, volatility falling to the lowest level in more than a year. this suggests a lack of fear in the market. among the reasons for the vix trading at low levels, near record stock prices and low rates. it is a quiet day on the data front today ahead of the holiday weekend. we will be getting new home sales at 10:00 easter

cnbc, first in busy worldwide. e. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the

now, cnbc has obtained some correspondence here. this correspondence between fidelity and scottrade and their own clients. the clients in these cases asked for either all or a large portion of their trades to be routed to that new iex platform which was featured prominently in the michael lewis a flash y bobo bo boys" book. fidelity is unable to direct all of your orders to iex. scottrade says scottrade respectfully denies your request to route your orders to iex. so both firms here saying that they've done nothing wrong, that they're simply following procedures. we called finra that oversees this type of thing to ask them about it. a finra official told us that in general, their rules require that if a broker is asked by its client to route trades to a particular exchange or venue and the broker is connected to that venue, then they should do that. so that seems to be a clear rule from finra that they should route those trades as requested. scottrade said it's not even connected to iex. so there's a lot here to unpack and maybe som

cnbc talked to him about that in an exclusive interview. >> they said the ukraines don't have a legitimate president. today, starting from today, we have a legitimate president. >> he went on to say that nothing could stop them from achieving peace in ukraine. >>> arizona officials say the 21-square mile slide fire that started tuesday is 21% contained thanks to calmer winds. >>> and south korea, looking for tips about the mysterious billionaire who owns a ferry that sank last month. they said he didn't spend enough on safety. it left more than 300 people dead or missing. >>> a new age skafb jer hunt going down. hidden cash is hiding money and tweeting out clues. the account calls it a social experiment for good. nice way to pay it forward. >>> and officially the tallest he go tower in the world. soaring 120 feet. just shows what you can make when you don't follow the manuals. how about tossing out the instructions. >>> and the washington redskins invite senator harry reid into controversy, and republicans shoot themselves in the foot big time. scrambled politics is next. it's important to

cnbc's morgan brennan joins us now with more. i hear there's a munster on brian cranston's head too in this movie. >> there is. . if i had to sum up the box season in three word, they would be apocalyptic, sci-fi and superhero. take the weekend's big release. that's godzilla. accounting for over 90% of fandango's weekend ticket sales, on track for $65 million in the u.s. this opening weekend. so a solid start for the warner brothers distributed remake. so far this year, box office ticket sales are up nearly 5% to $3.5 billion and that momentum bodes really well going into the summer season. may through august accounts for nearly 45% of annual box office revenue in the u.s. so the number to beat, $4.7 billion. that's last summer's record total. this season it's all about marvel comic book characters. the film license belongs to different studios even though disney acquired marvel in 2009. 21st century fox has the new "x-men" installment, sony's sequel which is out has raked in $153 million domestically and after breaking records i

. >>> portugal is the second country to execute its bailout and the prime minister telling cnbc exclusively the path of economic reforms don't stop here. >> don't forget these three years were very, very tough. no one wants to spoil. >> we go whale watching. gm's david evinhorn and buffet raising his on walmart. this according to the latest s.e.c. filings. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >> hello and a warm welcome to the last "worldwide exchange" of the week. plenty to get through today. we'll be in ireland and portugal and concentrating on the results of the indian elections. the bjp party looks for a resounding victory. 1 over 300 seats which gives them a comfortable margin over the 272 needed for a simple majority. the ruling congress party has been taking a beating with initial leads indicating it's barely managed 60 seats. the market is up and coming back from a high. we'll be in new delhi during the course of the show. >>> the gamble that failed. deutsche bank sold its las vegas casino complex to blackstone followin

cnbc digital has handled some of that work for you. it's terrific. check out the new list of the top 100 fee-only wealth management firms. we rated them on whether they work with third parties and whether they have professional designations. for -- we rank them bin average account sides, and on their client segmentation. or disclosures from federal or state regulators, and all the firms work on a fee-only basis. which are the best performing sector in the s&p 500 so far year to date. the sector is moving higher again today. you have names like wisconsin energy, also amoren. really starting to outpace the overall market. >> time now for the -- retail edition. macy's earnings beating expectations, raising the dividend by 25%, but changes were down for the quarter, i know this is a stock, company you have liked for a long time, so much so it's a holding in your retirement portfolio. what do you think here? >> i still like it here. yes, the comps were down, but think about this. their margeens were actually up year over year. that shows you the power of

the ceo has been speaking to us in a first cnbc interview. jeffrey is with us on set. >> it's interesting. i went to anthony jenkins first big press conference when he took over in 2012. at the time you'll remember there were calls for something to happen. dimon ha been squeezed out of the investment. jenkins comes in, he knows the retail but not necessarily the banking business. people waited to see what he would deliver. 18 months on what have we got? a mather announcement with significant job losses. so when i initiated the conversation, really that was my first question, what now is barclays going to be? given the action that they're taking this morning. you have big job losses. you've got four business divisions refocused and of course this spin off into a noncore operation. let's have a listen to what he had to say. >> this is about barclays future as a focused and balanced international bank, a bank that can be the go-to bank for our customers and clients but also deliver substantial returns for our shareholders. basically we're dividi

morgan brennan is at cnbc hq with all the details. morning, morgan. >>> hi, julia. steve ballmer has reached a deal to buy the los angeles clippers for $2 billion. which would be the most ever paid for an nba franchise. earlier this month, the milwaukee bucks sold for $550 million. just for comparison, the l.a. dodgers baseball team sold for $2.1 billion in 2012. shelly sterling, the wife of donald sterling says she signed a contract that's been sent to the nba for approval. at least 75% of owners must approve the sale. the sterlings each have 50% ownership in the team in a family trust. donald sterling has been banned for life by nba commissioner adam silver for making racist remarks in a tape made by a former girlfriend. his lawyers contend he must also agree to the sale and he doesn't plan to. the nba is holding a hearing on tuesday on whether to terminate the sterling's ownership and if the sale goes through, this is what ballmer will be getting. the clippers have made the playoffs the past two years after several losing seasons and the team has a training cente

morgan brennan is at cnbc hq with all the details. morgan, good morning. >>> hi, julia. a judge is holding a hearing to consider a motion on whether to consolidate hundreds of lawsuits related to gm's ignition switch recall into a single class-action. the heart of the claim is the argument that many gm owners say the value of their cars has dropped due to the present scrutiny of models in the recall. for example, the chevy cobalt. lawyers believe the currents and not prebankruptcy gm should be held liable. that issue isn't expected to be addressed until july, though. plaintiffs lawyers want the judge to determine where a potential class-action suit should be heard. one attorney who led suits against toyota over a sudden acceleration cases want the trial to be held in california where the toyota case was settled favorably. now, a suspended gm engineer who, woulded on the defective switch told congressional investigators that he forgot ordering a design change. "the new york times" say he didn't say anything to suggest that gm ceo mary barra knew about the issue before the

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welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who will be here shortly. we'll have an nfl draft breakdown a little later this hour. first let's get to today's headlines. apple is said to be in talks to buy headphonemaker beats electronics. apple could pay as much as $3.2 billion for the company founded by dr. dre and music producer jimmy ivine. back in january, rubenstein was on set with us. he put on a pair and explained how he was learning

. >>> hello and a warm welcome to the first worldwide exchange of a fresh week here on cnbc. and it's a lot of company news this morning. a lot of it is surrounding the activity of capital heights. we kickoff with astrazeneca who sped up their bid to pfizer. a fourth bid from pfizer rejected this morning. astra said they would take 58 pounds per share. pfizer's offer was 55 pounds a share. astrazeneca's stock was off 14%. there you can see it down 48 pounds. 38 pounds was where we were before we got pfizer on the table. katherine is here to cover this story. so this was their final bid. we went to 55 over the weekend. a stra supporters came out over the weekend. where is the idea of them taking 58 pounds? >> there's little wiggle room. ifs as a tra zeneca would take this, there could be a bid. there's a branch that one can relieve in the current statement and this is the point when they start considering this in itself fairly usual. so there's a slight bit of wrinkle room, but having said that, if you look at what's happening with the share price this morning, i don't think t

for cnbc, i'm jon fortt. >>> let's give you a look at what u.s. futures look like a couple hours before the start of the trading session, the s&p 500, dow jones and nasdaq seem to be bouncing back from the fairly big losses yesterday. small caps once again underperforming. we'll be back with plenty more after this short break. >>> welcome to "worldwide exchange," i'm carolyn roth. the end jumps as kuroda stems the market with his optimism. he says the country is already halfway to meeting its 2% inflation goal. >>> the deal is not done. russia reportedly fails to reach an agreement with china over gas sales as putin's trip to shanghai wraps up. >>> burberry and vogue, the fashion house posts an 8% rise in annual profit and says japan will be a key platform for future growth. >>> the fed may soon fill a vacant seat at the fomc round table as the u.s. senate could vote to convert stanley fisher to vice chairman as early as today. >>> you're watching "worldwide exchange," bringing you business news from around the globe. >>> good morning, everyone. i

bravo,ught cnbc, telemundo. when they bought cnbc, they neighborhooded it. they were supposed to do that. that was part of that purchase. but you should have been neighborhood there. they did not do it because they do not own you. they wanted people to watch cnbc, their 24-hour financial news network. they want as many eyeballs on that as possible, so they put bloomberg in the nosebleed seats. that was violation of a condition. that is where you guys fit in and that first question. if they have both the number one and number three cable tv providers and they own 12% of all television programming, they can favor their own programming. that is a problem. that is a problem for a lot of small cable networks. that is a problem for a lot of small programmers. they have come to my office and stated their fears and objections. they refuse to go public because they know they will be retaliation. >> senator franken -- we of course know the details of that situation all too well. i want to ask you what you think the government is going to do in the situation. comcast h

you saw it here on cnbc, showing a united front dealing with russia and president putin. ron, however, mr. putin seems to be calling a lot of the shots here. are they going about it, the president and ms. merkel, are they going about it the right way or not? >> i think this is too little too late. i think the united states had the opportunity to work with european allies, so much are their guests, and many our allying, we could have -- i think vladimir putin is doing -- and he's continue to continue to thumb his nose at the west, he's doing what he wants. >> i think the president is doing exactly what he should be doing, working with our european allies, working with the united nations, and like teddy roosevelt, he's speaking softly and carrying a big stick. some people want him to speak loudly and carry a twig. i think he's exercising diplomatic force and i think economic force, certainly with the chancellor and the president talked about today was a new, if you will, regime sanction iing there's unsettlement about how the sanctions might affect europe. >> exactly. she d

>> no, cnbc. >> cnbc, that was awkward. >> ha! what don't you like about snapchat? >> there's golden moments and you can't even save it. >> is it already getting old? >> no. >> it's different levels of old. like ancient and old. >> like facebook would be old. >> facebook is ancient. snapchat is just old. >> is it all about sexting? >> no, i don't think so at all. >> no -- no -- yeah, yeah, it is. >> is all about sexting? >> what's that? >> i don't do that. >> what's that? >> i don't know what that is. >> would you mind pulling out your phone and letting us take a peek? >> i will not do that because my name would be on the account, and i don't want to get snapchats from a bunch of randos. >> some of my favorite man on the street interviews ever on cnbc. watch the extended director's cut version and hear about snapchat horror stories, and they say what they don't like about snapchat is the anonymity of the profiles. you can't really see who the randos are who are snapchatting you. carl? >> jane, it might have sounded like he was lying to you, but as someone who's had

. >>> socgen's ceo tells cnbc the bank is committed to its business in russia, saying the region will help it meet its growth target as it lays out its three-year plan. >> we confirm our commitment to russia. we see russia definitely as a large, promising banking market. we've not changed our mind. there's more to be done in this market. >>> investment, retail and factory data in china disappoint in april. down at multiyear lows. >>> european equity markets an hour and a half into the trading session. the ftse was up 0.5%, the dax at 1.2%. this morning, the ftse is up 0.25%, the xetra dax up 0.6%. >> ross was talking earlier, comparison between what we're seeing in ireland and the uk. look at ireland versus the u.s. people asking whether actually the u.s. treasury level could be a flaw for some of the peripheral spreads right now. rbc enlisted this morning saying absolutely not. interesting. >> no. why in the. there's -- that would just be an artificial flaw. let's take a look at where we stand with currency markets. euro/dollar, 1.3769. just off of 1.3755. sterling, got a big day tom

details from cnbc are just ahead. >>> welcome back, everybody. ukraine is sending forces to the southern port of odessa to keep it from being lost to russia. at least 46 people have been killed since last friday when clashes broke out with pro russian forces. >>> meanwhile, there are reports of at least 30 pro russian separatists and four ukrainians killed in fighting today. >>> the world health organization declared the spread of polio an international health emergency. officials say pakistan, syria and cameroon have recently allowed the paralyzing virus to spread to several fragile countries. >>> listen to this, pepsico is joining coca-cola in working to remove brominated vegetable oil from its drinks. it was taken out of gatorade last year. >>> at a white house event marking the mexican holiday sink yes de cinco de mayo, president obama said they should overhaul immigration laws. residents marked the city by re-enacting the victory over france in 1862. >>> in health news, the fda announced aspirin should not be marketed as a way to prevent a h