Right now they suggest the dow would open lower by 20 points. The s p will open lower by 4. And the nasdaq opening lower as well. Who is the big star for the week . You said we have a big star for the week and showed those people. They were on tuesday, wednesday and thursday. Who is the big star of the week . The week ahead. Who is on today for the big star for the week . Michelle carusa cabrera. Oh, got it. I thought that sam zell was on today. And we have the guy from wall street journal. Thats cool. I thought it was the guy who sang that song but thats jerry raferdi. Will you stop for a second. Jerry raferdi on baker street. If you dont let me finish my theres a punchline there. I didnt get it, either. No one did because no one got to hear it. A federal judge refrained from issuing an emergency order that would impart millions of General Motors cars recalled for defective ignition switches linked to 13 deaths. The judge needs more time to study briefs submitted by attorneys for two openers of a recalled gm model. Also, he received documents from the lawmakers lawyers and they are ruling on the requested stop drive order that is expected in the coming days. Gm has recalled 2. 6 million cars equipped with that switch. So far this year, gm has recalled a total of 7 million vehicles. Nearly 7 million vehicles are about the same number recalled in the previous four years combined. Thats you start adding up millions, it starts did i see a stat where they recalled as many vehicles as they have sold . Yeah. The industry, i mean. Its incredible. It is. I dont know, havent you tried the governments timing of their stock sale to whether we found all this out, have you mentioned that yet . About potential insider trading. They dump it before all the news breaks, i love that. The stock before and then two months later all this hits. I mean, this was since 2001. No one knew any you have contacts at the obama administration. No one knew anything about it looks a little weird, doesnt it, to sell all your stock before that . Conspiracy theory at the table. Not really a conspiracy theory, but i wish i had sold before. No one had any idea . I dont have any. And it is not illegal, right . Didnt we learn that from the 60 minutes story that members of congress are allowed to buy and sell, nancy pelosi, et cetera, are allowed did we not fix that at all . We have a little bit of other news. We have to talk about Mickey Rooney at some point. I didnt know he was a heartthrob in his 20s. I didnt know hes alive, but hes not. God bless him. He lived to 93, great life. He was in the black sta stallion. He was a child star. Have you gone back to watch breakfast in tiffanys . That role would not be permitted in todays world. Thats true. Blackrock, the largest money manager shifting ten Senior Executives into new or different roles. Heres whats going on. According to an internet memo, larry fink and rob kapito will stay in their roles. But charlie hallock, the first employee, will become copresident. Hes currently chief operating officer. Blackrock with 4 trillion under management. Just unbelievable. Hes scheduled to report its First QuarterFinancial Results in a few weeks. I talked to people about the succession planning, and larry fink says hes not going anywhere any time fast. Hes a young man. I cannot believe what they did with charlie hallac. They are probably saying, who is charlie hallac. Youre right. I think everybody is in shock. Honey, get in here. Charlie hallac at blackstone is changing position. Charlie hallac is changing position. This is a very big deal. Hopefully they have a nielson box. This is a lot less fun than watching the changes at pimico, ill say that. That was what i was saying. I thought we were going to hear that would complete the circle. Yes. Wow. Wouldnt that be good . Yes. Then we would hear from him every time we had somebody from pimico on instead of hearing from him every time we had someone from blackrock on. He was a competitive guy. Welcome to the new normal. Well, you have to be able to ground corners in a multispeed universe. Pfizers experimental Breast Cancer drug in a Clinical Trial nearly doubled the amount of time the patients lived without their disease getting worse. Which is whenever we talk about the studies, thats what we talk about. And it can seem like not that much time, but thats the thing, when you are able to statistically prove that the disease does not progress, you know something good is happening. The phase two study which involved women with the most common form of Breast Cancer found that those treated with the hormone drug plus pfizers wow. How do you pronounce that . Can i buy a vowel . Palbociclib. Move the prompter back down. Move the prompter back down. No, the other way. That one first game and i was like, okay, i can do that. Letrozole. And then they threw that in there like it is i want to check out who wrote this, because they think they are funny. Live for an average of 20. 2 months, which is big compared to 10. 2 when just given the drug alone. The fda granted break through status. It is not decided whether to seek accelerated approval. I guarantee they will pick a different name to market the drug under. Based on the phase two trial, this drug is viewed as one of the companys most important experimental drug. Some analysts say it could eventually have sales of 5 billion if approved by regulators. And over in india, indias son pharmaceutical industry is buying ranbaxy, which is a troubled company. It is one of the biggest generic drugmakers running into trouble with the u. S. Fda, which has barred u. S. Import from four out of five ranbaxy factories in india because of safety concerns. Before the ban, the u. S. Accounted for 40 of ranbaxys revenue. Now four out of five factories cant list it here. And we have a mega deal in europe this morning. Time for the Global Reports market. I saw this happening over the weekend. The two big cement companies. But i dont want to make a joke about the cement companies. Are you worried about the long . I didnt say anything. Cement companies, what do you think goes on in cement companies . Mixing, building, Home Construction . Maybe now that they are a Big Industrial company, but in the old days, cement companies meant something else. Jimmy hoffa was there . No, no, waste management. I was thinking tra ining tra collection. Ross westgate, you dont really have that there, do you . Concrete boots. Various bits of criminal figures are in various bits of infrastructure supporting. What do you think was in the foundation of those buildings . Yeah, exactly. Thats the sort of thing. Though it all happens. Everything all happens here happens there. All sorts of things. Well talk about that deal in a second. I want to show you where we stand right now. Guys, on the european equities, 4 to 1 despite advances following a lower move in asia. And the selloff we saw on friday particularly from the nasdaq. So the activity this morning, not doing anything for the better turn of the market. The ftse last week closed up 1. 2 for the week. This morning down. 40 . We are lower as well on the dax down a percent. The cac is down half of 1 . And the new Prime Minister coming out. They are going to try to get a bit more time to meet their budget deficit target. Also, we are going to introduce a Financial Transactions tax. The ftse mib down. 11 . These markets a low despite gapes. The cac is lower despite gapes for these cement makers. Holcim and lafarge are seeking approval from the regulators for the 50 billion merger. If it happens, it would create the worlds biggest construction company. Getting regulatory permission is going to be difficult. They have a lot of overlapping businesses here, and theres also been an eu investigation started into alleged practices, which are against the interest of the consumer as well. So, anyway, lafarge up 2. 37 and holcim up 1. 31 . The Companies May have to be divested to get approval from regulators. If it all happens, the chief bruno lafonte will be the ceo of the combined company. The merger is expected to be completed in the first half of 2015, but it could be long tore get regulators approval. Thats not the only deal this morning. Vivendi is selling the telecom unit sfr and european cable operator numericable sealing the deal. The loser is bouygoun. A lot of news today in europe, but it is not necessarily supported in the headline indices. Thats where we stand. Back to you guys. Thank you, ross. Palbo is what it is called for short. Mike huckman messaged me. I see him at the gym all the time. Palbo is the short. Wasnt he the new Prime Minister of it was not mike huck man. Look at who is here. Our guest for the next two hours. Dennis hartman, founder and editor of the gartman letter. The momentum stocks were hammered last week with the selloff from friday, and it doesnt look to be better this morning. What happened . It was as if the flip, the switch got flipped at 11 15. It was amazing. I came back from the gym on friday morning, satisfied with positions i had on, and the next thing i know im throwing with stuff overboard because everything switched. Currency switched, gold switched, bonds switched, it was astonishing. I immediately started ema emailing kelly evans because i like to make things bigger than they really are, just to make an interesting story. Here was my narrative, the death cross on the ten year got down to 2. 70. If it goes below that, it means 2. 20. The only thing that indicates to me is we are not going to do anywhere near 3 . In gdp. For gdp, which means the messy exit wont be an exit at all because they have to taper the taper or even do qe 4, and we are in the hotel they can never get out of. So i connected the stocks to where not a bad job of connecting. I think the term is empathetic. The most empathetic fed that we have had in a long time. They feel every single no one can have anything unpleasant happen to them. Isnt it awful . You cant clear any trades or markets because nobody can feel pain again. Well, think about that imnighting from the administration. How many new disincentives are there. Theres 100 marginal tax rate. There are not supposed to be losses in capitalism, right . Not supposed to be losses to everybody. Everybody feels good about everything, lets give a gold star. You might as well leave. Gartman, me, michelle and dennis. This is a rightwing conspiracy going on this morning. But welch said, look, ive never seen so much optimism about whats getting ready to happen, but the order, nothing why do we think were going to 3 given we have the same policies from the administration we have had for five years . I would have liked to have thought we would get to 3 but we are not going to do it at this point. Friday, for whatever reason, the switch got turned, game change all at one time. Heres the thing, if you believe that we have a super loose fed for a long time, the momentum stocks should keep going on that logic, no . But they said, didnt they say that the benefits of all the qe got less and less and less, even, you know, Richard Fisher has said that. Mainstream members have said the possibility for doing harm is now greater than the benefit were getting. I dont think does anyone think they can come back if we slow down or god forbid we go into a recession, is anyone thinking that the fed has anyone left . Because qe4, qe5, qe6, do those things help . Lets put out on the table, the only good thing from friday morning was the fact that at least the things, aluminum stocks, coal stocks, steel stocks held up relatively well. They did . They relatively did. It was mostly the nasdaq momentum. I have seen 20 death crosses in the last year but nothing has happened. I like to say it, though. The death cross. The death cross in the tenyear, run for the hills. Could you actually draw the death cross if you remember the old days . I would draw one of those old goth great big things. With the skull . Maybe. So you dont do you say three is off the table now . I still think i think so. The consensus i think three is probably off the table. Then the market is over. The market needed three to justify where it already is. It is overbought. Yeah. So what do you do . Go to the sidelines. Go to the sidelines. For cash . Why not. Ive always told people that there are three things you can do in a bull market. Be really, really bullish. Pleasantly bullish or neutral. It is time for neutrality. And holding cash is not very painful. It is not a bad thing. Its not a bad thing. Okay . Im amused at people saying, you cant just hold cash. Of course you can. If you held cash for the last year if you held cash for the last year, its hurt you. You lost money, yes. Or you were lacking well behind, but cash right now may not be such a bad place to be for the next month or two. Did they find that guy in that guys house on 60 minutes, . Did you find that, 40 pieces of historical this is from the museum of modern art. I think this is a france clay painting. You are good, dude. You can tell that is because, you know, im trying to understand it a little bit. My wife thinks its a good tie. This is a family show. I bet you have some nice ties, that she can tie you up with. Thats from caddyshack. Given a good tie, i dont know if you can say that. Well have a lot more from Dennis Gartman throughout the next two hours. Get ready for that. Before you get a case of the monday blues, your day likely wont be worse than the day of this fedex delivery van had last week. Columbia, tennessee, camera footage shows what all delivery truck drives are doing. And the dogs are going crazy in the yard as they spot the delivery man, but what seems to be a cute dog video takes a turn after the van rolls backwards into the frame with no driver behind the wheel. A fedex delivery man is seen running alongside, wait wait trying to regain control before losing track of it. There he is, hold on, whoa whoa not a good idea to try to jump into a at that point, its going to go where its going to go. Narrowly missed a tree. Right through the trees. Right through the trees and stopped at a fence. And i think he probably just drove it out of there. The driver assessed the damage. Despite the unexpected loss, no injuries in the accident. A representative from fedex meanwhile says, while this video shows the unfortunate situation for the driver, they immediately were saying safety is our top priority and we are relieved no one was hurt. No good luck charms for those device. Really. Ups, fedex, you dont make left turns, ever. It will be super hard. No, it saves gas and is much more efficient because the left turns for the cars coming the other way. Right. That was a logistics thing ups figures out to save a lot of time and energy. It eliminates a tenth of a mile and over 10,000 trucks, it adds up. In this show all you do is make left turns. And we have three right turns here, so we are good to go. We are right back to where we started. Coming up, well talk about amazon on the move. This time the online retailer is making a dash for your groceries. Feels like every week they are making a dash for something. Then the box office dominated bay superhero, captain america the Winter Soldier smashing its way to 96. 2 million all in one weekend. Thats the ticket sales setting a new record for an april release. Squawk box returns after this quick break. Work with equity experts. Who work with regional experts. Who work with Portfolio Management experts, thats when expertise happens. Mfs. Because there is no expertise without collaboration. Alrexcuse me, should just about do it. What are you doing . Uh, well we are fine tuning these small cells that improve coverage, capacity and quality of the network. It means youll be able to post from the breakroom. Great did it hurt . When you fell from heaven . awkward laugh . A little. laughs im sorry, i have to go. At t is building you a better network. Welcome back to squawk box. We have Severe Weather across the south. Thunderstorms, tornado warnings and Flooding Issues galore across parts of alabama and mississippi. Each one of the green boxes a Flash Flood Warning as a flood emergency is near birmingham, alabama. Today we watch for the threat of severe storms across parts of the southeast, even over towards new orleans we have thunderstorms on the doorstep to start this monday. Tonight, still watching for severe storms right along the southeast coastline. Jacksonville to savannah to charleston, up to raleigh. Tomorrow morning, showers and a few rumbles of thunderer in the same spots. Then we keep the chance for showers and storms going throughout the day across parts of florida. Now, up into the northeast, youre seeing the rain showers get awfully close to you in d. C. Its going to spread northeastward through the day today. Philly, new york, its the afternoon hours youll begin to see the rain showers by tonight in boston. Tonight the heaviest rain is focused over parts of the northeast and new england. Youll hear the rain while sleeping, showers into back parts it have mid atlantic and the ohio valley. Tomorrow, still dealing with rain particularly during the Morning Hours and mainly up to parts of new england. It will be a nicer tuesday afternoon for you in places like new york city. And weve got nice warmth headed your way on wednesday in parts of the midwest, low 70s in places like minneapolis. Back to you guys. Thank you for that. It is now time for the executive edge. Amazon is making a dash for the Grocery Shopping aisle as a hightech flash amazon launched a new product named amazon dash to allow the user to add groceries and Household Goods to their Shopping List using the companys amazon fresh service. The black and white handheld wandshaped Remote Control features a microphone speaker as well as a bar code reader and links directly to the users amazon fresh account. This is only for users of amazon fresh, which currently operates exclusively in southern california, San Francisco and seattle. The device is free during the trial period. So you can work with the supermarkets out of business right now. You guys dont do fresh direct. I do fresh direct, yeah. Because in the city you cant walk to get some of the stuff. But when it happens by amazon, its a g