For the stock today. That stock officially split 7 1 after the close on friday. Cutting the price to 92. 22. If you were looking at any mutual funds to hold over the weekend, it warned up up top this was not built into the price yet. So well see the new price. Apple shares are gaping ahead of the split up 10 over the last month. Andrew, over to you. Other news in the video Game Industry because theres a gathering this week for the annual electronic entertainment expo. The Microsoft XboxNews Conference is coming at noon eastern time. The Company Recently cut the price of the xbox to 399. Now to focus on how a new game can take advantage of the consoles technology. And i dont know how youre going to feel about this today, joe. Netflix holding the annual meeting about public Pension Funds to separate the rules of chairman and ceo. We have seen this movie before in other instances. This was with jpmorgan and jamie diamond. But theres no crisis at netflix recently, but that issue is on the table with a lot of people looking at it. And radio shack, have you been to radio shack recently . I have been there in the past two months. I have not been there in a few years. Why do you go . Because the wires that connect the beats headphones to the you can buy insurance policy on it. We have gone in there and i have gotten ten new wires for 2. So they are not making money off of you . No, i think they still are. I dont know about the quality of the wires. No matter what you do, it is just going to fray or whatever it is. Or the connections get shorted out. This story is for you, joe. Because they are launching an instore repay program today. They want to lure customers into the stores by offering to fix phones and tablets with cracked screams and those watered down or to wires on beats headphones. They start at 39. 99 and will carry a 90day warranty on parts and labor. So you can bring your iphone there. Do did you watch 60 minutes . I did not. John stewart went to be on the show with the egyptian guy who has the show. I think the show is canceled now, an egyptian comedian that really has his life on the line from this, but 30 Million People watch this guy. So hes like the jon stewart of egypt. Jon stewart went out there and it was pretty funny. But last week on what does the zen moment mean when they do that . Just when they give you something to think about. The zen moment is when streaming is slow for netflix, is it just it buffers. It keeps buffering. That would be maddening, wouldnt it . So i stand by what i said, it would be if i were verizon or a pipe owner, it would be impossible to watch netflix if they didnt pay. That was my zen moment. This may bring the regulators in. No. But a zen moment, so they werent it was without comment. They dont say one thing or another. It was just am i a zen was it profound . Its the opposite of the zen. You do realize that. No, thats what im asking you. They are saying that was not zen. Right. They believe theres humor in the zen moment. So you are saying i assume they are Net Neutrality people. They probably love netflix like you. I have never seen them comment on this. Im not sure they were commenting on the issue. Yeah. You think they were commenting on me doing it in slow motion . I did the whole thing in slow motion. They do things like that all the time, so you dont think they like that. For some reason i dont i dont think they did. So youre jealous because you have never made i have never made the zen moment. I try to avoid the zem n moment. If it is for looking stupid, you may have it wrong. They are trying to read your cold opens today. You could have gotten me six different times. I think he offers no comment. Thats what i think. I was proud. And that is anyway, a new comment is showing growth in the Second Quarter, but forecasters by the National Association of business for economics say that growth for the full year will likely come in lower than they previously estimated. Job growth has seen to be steady and the consumer is starting to spend, that means it is picking up a bit. While gas leap prices are holding steady. The survey finds the average price of gas i heard it on the radio on the way in. They send her the prices and she i dont think it is algebra. It is like adding and subtracting by the number and she comes up with an average to get a check. The average price for gasoline is 3. 69. Its flat over the past few weeks. San francisco had the highest price at 4. 14 a gallon. Meantime, baton rouge, louisiana, had the lowest price at 3. 33 a gallon. And in Global Economic news, japans economy picked up speed. First quarter growth, the initial estimates revised toen a annualized 7. 6 among the catalyst. An up expected surge in capex. Is that real . A match iing to china near 7 , that for real . They have done some massive changes. Obviously. Well see how long that can last. In china they are battling a lot of it is debt. They are just spending money on capital that doesnt need to be spent, but chinas Economic Agency is piling on excessive debt as the gdp starts to lag. Below 7. 5 . Thats interesting. 7. 6 . First quarter growth beating it and revised to and annualized 7. 6 in japan. They have zero up nation, is that for real . Thats for real. Its real if they say its real, its real. Well, not always, of course. Thats what they say. Do we believe them more than we believe unless they are talking about the nuclear reactors. Well, yeah. Then i am not so sure, but the economic numbers i believe. Well check on the broader markets. The dow is in striking distance. Within striking distance of 17,000. It closed friday at 16,924. The futures this morning are relatively flat. Looks like dow futures are up by 5. 5 points. The s p futures down by just you should a point. If you look at oil prices, last week you saw oil closing at 102. 66. This morning wti is up 54 cents with a gain of just a half percent. Also the tenyear note, last week we closed the week below 2. 6 for the tenyear yield but it is pushing up above 2. 615 . The dollar this morning looks at least at this point like the dollar is trading the dollar is not here yet, but it is stronger against the euro at 1. 3621 right where we were before we heard anything from mario drugge last week. The market moved in and tis paying of that. The dollar is down against the pound and the yen. And gold prices this morning look like they are trading up barely by 3. And after last week, bond yields in europe reached record lows in many of the countries after the ecbs announcement last week. What about the bond market around the world . We have mark grant onset, the managing director of southwest security. Thanks, mark. Thats what i say at the end. They didnt pause and put it in there. The journal says treasury prices are climbing as investors worldwide buy u. S. Debt. But we hit 10042 and went back to 260. I figured after drugge said that last week, that will be the near term high. What is going on over there, is there any way the yield climbs here . No, not at all. Is it its always like everything, either half empty or half full. Do lower yields, is it good because it stimulates everything or is it bad because it indicates things are slow globally . I think lower yields. In the first place, the european yields are manipulated by the European Central bank. Thank god we have no manipulation here. Of course not, but the fed should follow the ecb down the path. I suspect as i told becky last time, well get to 2. 5 on the tenyear on the basis of a relevant value versus european yield. It will press everything down. Now is the time to raise Interest Rates. Now is the time to raise Interest Rates. Rising assets and falling gold prices are good news nor the economy, but inconsistent do you think we should be raising them like him . No. I think it would be very bad for the country to raise them. You saw the spanish tenyear now below, what does that say . The ecb is lending money now at 1. 5 . They are encouraging the banks to buy the sovereign debt and allow them to carry them riskfree in the tubes. They have pushed down all the yields all across europe. Frances yield is 1 3 less than the treasury yield. And i think the fed is going to follow suit. The fed as a trillion dollars worth of ammunition and will start pushing down on the long end of the market. Did you see christine la guards comments over the weekend. You have railed on that issue for a long time and you turned out to be right. And she turned out to be wrong. The imf hasnt come out with a correct economic prediction in i dont remember when. The austerity programs all across europe, you can apply them to some success to the periphery nation, but you cant apply them in the same way to the Major Industrial nations unless you recommend that england was just wrong. Did you see the quote . Do i have to go on my knees . That was her quote about apologizing. That was hank paulson, sort of. I think she was interviewed twice over the weekend in europe about this. And she basically said, we called it badly wrong. Did you change your im nervous, hes not wearing socks. I never wear socks. Hes from florida. He lives in florida. He thought he may get a massage. The last time they didnt wear socks that wasnt a zen moment . I have never worn socks ever on your show. I know, but he didnt wear them and that meant he was going to bring them out. And that meant they were on the set and there was another man rubbing his feet on live tv. Let me assure you, you wont see that. Rubbing there were corns on corns, too. It was awful. As i recall, we used to argue about whether europe was healing or not. And you were less positive than a lot of people. With what they have done now, has that changed your attitude as they have taken the right steps to do you feel better about europe at this point . I feel marginally better but basically its because of what the ecb has done. The economy in spain and france, you can go through the litany, they are no better than they were six months ago, or marginally better, but the ecb is plotting an exceedingly good strategy. They lowered Interest Rates so much that the company has lower Interest Rates. Consequently, you are seeing a pickup in the economies in europe because of the lower Interest Rates. And the fed should do exactly the same thing, be a big help to the United States. I can see a way that the entire world fits together. We borrow money from china because we like to consume. And then we go over to italy and spend all of the money we borrowed from china on tourist stuff. They dont need any businesses in italy. They just need to keep the ferries operating, right . Do they ever do anything internal anymore in my of the countries for productivity . Other than host tourists . Theres Companies Like ferrari and fiat, yes. So it is important that they yeah. They aught to be able to make money hand over fist because it is so beautiful and the lifestyle is so nice, right . Well, tourism only takes you so far, but they certainly need industry. You go to a country like greece you cant start a business there, can you . They have big shoe businesses. Ever entrepreneur has left france. What do you think of europe right now, are they in a better position than they have been . Yes, becky, i think they are marginally better positioned because of what the ecb has done. Which is why i recommend to the fed they follow the same course. The more you push down on Interest Rates, the better it is for real estate, the better it is for business borrowing, personal borrowing, mortgages, there are all kinds the best thing the central bank can do for the nation that it represents is to lower Interest Rates. Is there a point where you have to let things rise where you cant artificially tamper things down forever . The whole focus on the taper has been wrong. Its like you have 4 3 4 bullets and have ten billion less one month the next. The focus really is on the point of disengagement when the fed begins to deleverage, shrink their Balance Sheet, then you see Interest Rates go up, but not until that point. They may not shrink. Bernanke made comments at the dinners hes been attending that theres no reason for them to shrink. If you look at the fed Balance Sheet versus gdp in the United States, its nowhere near what you see in the other countries like japan or other places. Right. So that tells you we are in for a prolonged period of Interest Rates. If we can get them down to 2 or so, thats very helpful to the u. S. Economy, employment. You think u. S. Stocks can do well then as a result for an extended period of time. Yeah, i do. I think stocks can do very well. Youll see back and forth as Interest Rates go down, they are going to get down far enough where you see the rotation back into the equity market. But i think the next move, if you want to know the next move, its going to be down in Interest Rates. So since january i have been telling the big institutions to buy long bonds, buy them as long as you can and ride the wave down. And i think theres still a way to go. Thats crazy. So when will we get to 3. 5 on the tenyear . 3 . You are talking going up years from now . You think eventually . Years. Everyone said well be at 3. 5 by the end of the year. I know that, i dont listen to them either, but you looked at me like i had three heads because i said 3 on the tenyear. This was supposed to be 3 two years ago. We are not going to see 3 for years. Wow. Thats totally contrary. Like 16 . You know all 13 investment banks say we are going to higher Interest Rates. Why . We are looking at each other with two heads. I believe you, but versus the consensus, thats totally because these people dont keep in mind the central bank. The ecb drove rates down in europe. Why dont you think that the fed is going to drive rates down in the United States . They are. And you cant discuss the Interest Rate environment without including the central bank at this point. Although even though the central bankers in the United States will say things like potentially well start raising rates around the middle of next year, do you think they are not telling us the truth when they say things like that . I wouldnt say they are not telling you the truth, but they are engaging in their own position as being the central we have to go. How is the job market in the United States . Not nearly as good as the government says. I see the numbers he spent something out called the bad jobs lie. I sent something out called the bad liesman lie because i was yanking his chain. Im sure she loved you for that. He did cc a lot of people, too. The journal had a piece outlining how bad the jobs are. Weve lost 1. 3 million jobs and added guys at mcdonalds. A lot of the jobs we added were in health care. We lost all the high paying jobs. Im asking him, though, about the lowquality jobs. The sector lowquality jobs, every month we see the lowquality jobs, where did all the people go that leave the workforce . Italy . Greece . Come on. They are just manipulating the number to get what they want. Some people say you see more baby boomers retiring, that you have an aging population with baby boomers retiring all the time. Becky, the economy is not that good. We are barely off negative numbers. So you think there is slack other people say theres not as much slack and that we could quickly see inflation because the market is tighter than people think, playing into your extended low Interest Rates you probably think theres a lot of slack. Theres a lot of slack and well see the inflation. All the way back in 07 and 08 and 09 when we started talking about this, everybody came on your show to say theres going to be all this inflation. And i said baloney. 92 Million People arent working or something. 92 million. Only 330 Million People in the economy. Right. That includes kids. One out of four are on food substance programs of some sort. Thats true. That goes to the other issue, though. Like technology is causing it. All the things, globalization, Technology Makes it harder to get a good job, all the things that we say that you say are not happening. Im not saying regulation is distaidain from the private sec. That has something to do with it. We need 4 growth but we are not going to get it as long as we are not fixing Corporate Taxation. We should thank mr. Out of the box. The best thing we have is the up no ovation. We are creating jobs. They call harvard now the stanford of the east because stanford is growing. Thank you, mark. Good to see you. Coming up, if you have a case of the mondays after partying all weekend, you dont want to wind up like these guys. You can now fix the hangover at the airport. We have that story in the executive edge in a moment. And then dont miss this at 7 00 a. M. Eastern time, weve got a squawk exclusive, bill ackman is going to defend the Business Model of taking over allergen. Squawk box returns in a moment. Welcome back, everybody. Its time for the executive edge. It is intern season and for those spending the summer in silicon valley, it could be a profitable time. A survey by one online career website finds that silicone valley tech firms pay their interns more than any sector in the country. Probably not a huge surprise, but if you listen to some of the details, that may get you. Cyber Security Firm technology tops the list with an average base of more than 7,000, twitter, linkedn and google pay more than 5,000 a month. And it is not just the money but there are perk that is come with it including bikes, buses, massages, swimming pools, dance classes, parties and in som