What, if you feel better later, you can read some of my stuff. Tag team. Youll owe me if i read this for you. Why did you do the back of your hand . Oh, you were doing the fist pump. You know why we do that . Germs. You dont care about germs. No, for you. The ecb decision is expected around 7 45 eastern. All these comments are going to be important for mario draghi. Hell host the News Conference about 47 minutes later. You think about what will it do to the euro versus the dollar versus the yen, what about, we always talk about why our tenyear is where it is. Germany, theyre even lower over there. You think about how impactful the recession in europe from a couple years ago and how much it impacted what our fed did here and what our economy does. Its a big trading partner. We may have but for the first time maybe theyd be moving in a different direction. Its important for us. I dont like to give them that much importance. I think our economy, were the strongest. Today for a little while there theyre the dog. The small dog. Yip, yip. Theyre a medium size. Like a cocker spaniel. I think this is important. Theres lucky. Or maybe a cockapoo. Whats the other . Poodle. Either poodles arent real choosy about who they, you know, with. Or theyre just really smart. People use poodles, l labrodoodles, cockapoos theyre high strung. German shepherds are amazing. They are great, just great. As joe mentioned gm is set to release its if shes watching, shes happy i mentioned her. Phil lebeau is reporting that Ceo Mary Barra is taking significant action following the investigation, including holding specific employees accountable for the ignition switch defect. The wall street journal says the probe is expected to conclude there was no concerted effort at covering things up and that clear Senior Management it will clear seen more management to blame. More next hour. Lets get to andrew who is standing by in california, i believe youve probably been up all night, andrew. Hi, guys. No time. Jacket, no tie. I figure nod tie. Im in the valley. Youre not supposed to wear a tie out here. Theres no pollen out here. The weather, i dont know how people do any work out here. Beautiful. Even now its dark outside. If you wear no tie, you know what the next question is, that everybody still wants to know. Oh, dear, what is it . Socks . Socks . Yes or no . Socks, yes. Shoes, yes. Prove it. Underwear . Im talking socks from the other day. From the other day. We were talking about your feet again. Nobodys feet yours arent bad but not his feet, though, but feet in general are gross. The best feet is disgusting. A little boney. Go ahead. Were on the west coast. This is becoming global news this morning, sprint and tmobile, theyre finally moving closer to that deal that weve been talking about for many, many weeks if not months. Sources telling us that sprint agreed to pay about 40 a share to buy its smaller rival. The terms are now outlined. This is not a done deal yet but it is about a 17 premium to the carriers close yesterday. Now that they at least have those terms on the sheet of paper, Deutsche Telekom as part of this, expected to keep a 15 to 20 stake of the combined company. It currently owns 67 of tmobile. A couple other pieces of the deal that have been agreed upon thus far. Theres a billion dollar breakup fee. You should also know it looks like the ceo of tmobile, not the ceo of sprint will ultimately run the company. Well talk to a Telecom Analyst in just a couple minutes about all of this. I should also tell you the sprint tmobile deal was one of many topics we talked about the the Media Telecom world yesterday. All these deals facing regulatory review. I sat down right here in Silicon Valley with Venture Capitalist mark andreasen. We talked about consolidation and whether all these deals, whether its comcast Time Warner Cable deal or the directv at t deal, whether they should go through. Heres what he had to say. Generally, whatever i think leads to increased investment and competition is good. You have to reconcile investment and competition. With too much competition, too many parallel pipes you wont get a Critical Mass of investment. I think we need a balance. This is what i talked about quite a bit around net neutrality. I think there should be five broad band connections, a cable connection, a telco connection, a mobile telco connection, a wired one and mobile one separate and then i think there should be wifi. And then on top of that, google fiber which is growing very, very fast. I think we should try to live in a world, if the fcc asks my opinion, we need to live in a world where 10 years from now, 20 years from now, as Many American homes as possible have five different pipes. We need to set those companies up so they can move aggressively in providing broad band. Marc is probably one the joe, you would appreciate marc. He is a true capitalist. He wants the fcc to try to step in to force, you know, some more competition in these markets. Hes not against deals like this but at the same time, he doesnt want so much concentration that theres too much power. We talked about municipalities how if youre going to try to get wired to the home, if he wants to get five Different Companies to the home, how do you do that without Companies Like an at t and comcast trying to block those efforts . In certain cities they have sued when google fiber has emerged. The question is could you allow these deals to go through and have the fcc try to protect it. I know at t and others have tried to block it. Its ausing their poles to go through. Whats the fair agreement for how much google would have to pay using their infrastructure. Im confused when it comes down to that. Part of it is an infrastructure issue. Its rare where in these cities there was a huge amount of money spent, not to build these things out, yes, to build them out but more importantly in terms of to buy the license. These licenses were sold for relatively cheap decades ago. Youre talking about for cable . For cable. For cable or the telephone. In some cities, these licenses affected were given away virt l virtually for free. Then the question becomes its not just how much frr pinfrastre was paid for by the pole and then the issue is can you go down the street. If i have been maintaining these poles and everything along the line, i can understand wanting to get paid for you to run your wires along the same lines. I get confused. It would be good to have marc here for that. In a competitive world, given that you cant have two or three poles on the street. Thats the other problem. One set of poles or no set of poles. Shouldnt there be a standard fee to use the poles . Youre the competition, you can come in and use all of the poles that i maintain without paying anything for it. The issue in many cities isnt the Cable Company or the telephone operator saying you cant you can just pay us some fee. Its usually you have to pay us in exorbitant fee or we dont want you running on our poles at all. The other issue with google, i heard, theyre only coming to municipalities where municipalities are putting up all the money. Its not necessarily a google infrastructure. Theyve turned the whole process around in reverse. Instead of going to cities and saying we want to come to you. Theyre saying come to us if you can offer us a deal. The view is if they can get enough of those cities they can force the issue elsewhere. It is not going to be coming to the cities that dont have the economics. Its cities who are willing to bid for it or allow it to happen. Its not just about cities that have money. The goal, the way google is approaching, if they can get enough cities who accept it, your neighbors will start hearing about it or well be talking about it, google fiber is running at multiple speeds. Youll say i want it and finally you may press your municipality into trying to push to get a google fiber in your town. Did you notice the lighting out there, how good it is . Everybody has better lighting. He looks good. Thank you. He always does. He looks much better than he does here. I cant see that far. Just the lighting. Thanks, andrew. Did you see in Tiananmen Square, theyre celebrating the what happened oh, no, thats not Tiananmen Square, apparently. See the times has the picture. The times has both. Probably not in Tiananmen Square. Watch this, every time i say that, according to eunice, they turn us off over there. Well talk twitter. This is Tiananmen Square. Over in china theyre doing this. What i dont understand, between the two pictures, you see the separation in hong kong. You see nothing here. How do they deal with the juxtaposition . Nothing to see here. Nothing happened there. Google it over there. Nothing happened there. Its a square in its classic, though. Really, theyre switching on and off. The guy, now hes mad over there. Somebody compared it. Theyre gois going ng to mis of these times. In the teases, well tell you more. Honestly. Even squawk box on cnbc, they wont let that be seen. This is power. I feel we can add as many people died in Tiananmen Square as did on september 11th here in new york city. The guy who the one guy with the standing in front of the tank. Were off again. Our ratings go they dont measure us in china. Its okay. They dont measure us well here. No. Thats true. Twitter has reportedly been in talks with sound cloud. The ft says this is part of the social media giants efforts to add a Music Service to its offerings. The paper reports that twitter has considered buying Music Streaming Service spotify and pandora. Your turn. As many people i was reading yesterday. They didnt let that get out. Were back off again. A little over 2,000 people. 15 years after the fact someone went around and asked people what happened on this date 15 years later on june 4th and the amazeding thing was a lot of people didnt know about it. Others tried to like say it without saying it because theyve been taught not to talk about it. Can you imagine 15 years after 9 11 and walk around new york city and not find anybody who knew of this day. Andrew is going to tease us it says here. Im going to tease you, joe. You will enjoy this, i think. When squawk box returns, marc andreasen will give us his view of french economist thomas pick picke pickety. Squawk box returns after this short break. And youre on tv. Oh, yeah. Youre right. In case you missed it, it was horrific. I went to bed after the first period. The rangers were playing great after the first period, they really were. The Los Angeles Kings took game one of the stanley cup finals with an overtime win over the new york rangers. It was 21 when i went to bed. The rangers took an early lead where one of the kings kicked it was classic. I love when that happens. What did he do . It almost went in, it bounced and hit one of the kings skates and went back in. They couldnt hold on with the lead. I guess overtime, my kids and wife waited around. They waited and saw the whole thing. Waited around for overtime. It only lasted 30 seconds or something. Horrible. Unfortunately theres a horrible statistic about teams that win the first game. Im not going to repeat it here. Is anyone in l. A. Watching right now . Think youre safe. I dont like the stars that go to the game out there. We have them here, too. Theyre more more what . Our stars here, some of them have actual theyre journalists. They dont memorize scripts, lines and pretend to be other people. Some of the people in l. A. Are incredibly creative. Nbc universal has a lot of creative people out there. We do, we do. I have to admit that. Ron myers is great. I can think of talented people. Ill tell you later what i didnt say. Yesterday you told me what you didnt say when i said something on air. Did i Say Something with sexual innuendo . I didnt say that. Ill tell you in a little bit. Donald sterlings lawyer says the embattled l. A. Clippers owner has agreed to sign off on selling the team to former microsoft ceo steve ballmer. Sterling sued the nba alleging that the league violate the his Constitutional Rights by relying on information of what he calls an illegal recording that publicized racist remarks. Hes agreed to approve the 2 billion deal negotiated by his wife, shelly. Andrew. I got a chance to ask Marc Andreessen about thomas picketty. There is a reason people are passionate about this. Its not just inequality, its standard of living. Have be people be better off and provide for their families. My view of picketty, he has a backward view of how the economy works. They have a socialist party in france, still. Hes an adviser to it. My understanding of the economy is almost the exact opposite of his. Technology in the short term will make it better or worse . Much better. Technology is creating jobs all over the economy. Apple had their big announcement this week. Apple number one, apple is hiring like crazy. Apple and google are creating more jobs than people understand in the United States. The big job is how much apple and google are taking down and how many people theyre hiring. Larry page is talking openly about having the First Company with a million engineers. They view themselves as gigantic job creators and they have been. Marc said he read the whole book. Hes not just skimming it or reading the back. He doesnt just have a problem by the way with the prescriptions unto themselves at the end. To some degree he has a problem with the data, his view, he says, is that globally inequality has gone down, not up, and that what youre looking at is really developed countries or mostly developed countries, that when you start thinking about china, india and all the other places we talked about, the middle classes that have emerged, hes suggesting that the inequality problem is not a problem. And joe, you will appreciate. He said its if the a zero sum game. I said is it possible over there they win and it comes at their expense . He ever the optimist, everybody is an optimist by the way. Once you make once you acknowledge its not a zero sum game and that theres wealth cooperation, that makes the conversation a whole different animal. If a corporate, a ceo creates 5 billion, 10 billion worth of market cap worth in a company, thats quite a bit. I read the cato comments on picketty and everybody made the case. You cant say it in public that in, for example, developed countries its not an argument about people just trying to survive and have shelter and food. Its about having a lot of things and other people having a lot more things. The Huffington Post would go wild if they saw this. There still is poverty in this country. Its something that we need to deal with all the time. But when were talking about the bottom 20 or 30 in the United States, versus the bottom 20 or 30 in developing countries, its like night and day. And we mentioned it when we had picketty. He criticizes growing income and inequality in china, when hundreds of millions of people have been lifted from base poverty into near middle class based on capitalism. The whole book is preposterous. Youre kind of surprised that its way out there. I immediately thought you are 3,000 miles closer to france than he is. That explains i mean, right . How far is he from france . Hes probably 9,000 miles. Hes a little farther. Were only 6,000. I will say this just to give you optimism, though. Youre always the eternal optimist. We talked on the program about how the poor in the United States has been lifted up. You can have a home, a car, a flat screen tv and still be considered poor but the big issues in this country are health care and education. When you talk to him about some of the new technology stuff that they are doing and investing in when it comes to education, some really cool stuff out here and some of the health stuff, what he believes it will do to the cost. Weve been talking about this for the past two decades. Theres an inflection point. You really do, at least when youre here, theres a koolaid thing going on. He was slippery, too. He started out by saying economics is not an exact science. All i really want to do is do education and infrastructure and be able to invest he said if we had a 4 or 5 growth rate in gdp it wouldnt be a problem. He acts like hes interested in equalizing opportunities, not outcome. If youre suggesting an 80 tax that we coordinate around the globe on anyone with a salary over 500,000, in addition to that at least a 2 Global Wealth tax, thats redistribution. I also will toll you, i would suggest that mark is for a lot of infrastructure spending. He does believe there is a role for the government in a major way, perhaps more than you may as well. I dont know who needs to do states, private. Im also for education but not just you know, we have to fix that. There are people who say theyre for education but they dont want to do anything other than entrench the unions. Theres charter schools, theres tenyear cant exist the way that it is right now. Theres a lot of things that need to be fixed there. Were having trouble fixing them and guys that want to do it. They are running into a buzz saw, rahm emanuel. Talking about that election might even be tough for him. Hes taking on they talk about the coke brothers. The teachers unions. Anyway we have to go. See you later. We have to go. Youll stay for this. Im not going anywhere. You got me for three hours. I woke up to are you. Its 3 30 in the morning here. You had me at hello as ive said many times. Lets get more on the pending mega merger between sprint and tmobile. Kev kevin smith is with us, Senior Analyst at mcquarry. People have tmobile and sprint and tmobile might actually get some business versus at t and verizon, right . We think that the issue, the transaction is Regulatory Approval and what the doj and the fcc ultimately think about it. We like the merits of the transaction. You know, somebody earlier commented about infrastructure spending. These