Into 2015. You can see this morning that the markets are barely budged overnight. Well see what happens as we get closer into the opening bell. Right now, take a look at the tenyear note. At this point, the tenyear is yielding 2. 577 . Still below 2. 6 based on some of those dovish comments, again. On todays market agenda, we have weekly jobless claims. First time filings are expected to climb by 3,000. In addition the economic numbers, we have investors continuing to Pay Attention to the situation in iraq. White house Officials Say the u. S. Is likely to use air strikes due to the lack of clear targets. Meantime, the wall street journal reports the Obama Administration is using without. First, andrew has this mornings top corporate news. The story on the front page of the wall street journal this morning really makes you think. This oped, did you see that from Rupert Murdoch this morning . First, corporate millions. Jeff immelt, the General Electric ceo is flying back from paris after a new round of talks with government officials. How long has this been go on, about two months from now . Alst alstoms board has until monday to decide, but is it alstoms board or is it, as we just discussed, paris . And its not hollande, either. Its another guy. Theres a number of people involved. And they are making it very difficult and which minister is that again . Hes making it tough on ge for almost personal reasons at this point. I think its an antiu. S. Sentiment. For a company that employs more people than all the other suitors and right. Eats pretty friendly with prior ge is well known in france. But it shouldnt be this hard. Te connectivity to buy sensor maker measurement special tilts for 86 in cash. Thats rough lay 10 premium to the stocks Closing Price on friday. And if you were up early trying to check facebook, it was briefly unavailable in the United States and several european companies. A message read sorry, something went wrong and were working on getting that fixed as soon as we can. Anyway, Services Back up about 17 minutes. Joe, what did you do during that 17 minutes . I had to to face someone person to person and try to communicate with them. And i couldnt. I didnt know any more. They were right in the same room and it was so foreign to actually have to like i had trouble i cant poor baby. Its okay. It will be back soon. People around the country unable to you know, they had no keyboard to communicate with someone and they had no pictures of what the people were doing. Seriously . 17 minutes in the morning . Its the morning somewhere but the nice anywhere. Yeah. Facebook has been down 24 hours a day, seven days a week. Marks dorm room 2004 . I know because we had him on bulls eye. About 2004. Are we sure . The internet was going to be a phase and it was going to about a fad and it was not going to be going on. Are we sure theres not going to be a day where smnl goes, oh, yeah, facebook. Are you sure . I dont think. I think weve pushed beyond that. We might be stuck whit. Think about mooem, if your ema email went down. I actually have a yahoo account. Is that for real . Is that 168 billion . Thats real. I dont know if its real, but thats what the os ticker. 1234 they have more than 150 customers. What do what . I dont know. Some day theyre going to know how much about these people that theyre going to sell something to those people theyve done very well with mobile ads. They ramped it up. Im fighting a losing battle. The amazon thing yesterday the phone was cooler than i thought it was going to be. How much is amazon worth . Hold on, hold on. Im like facebook. Amazon is worth 153. So amazon, which sells Real Products all over the world, and you guys you like the phone . I was more impressed than i thought it would be. You could sort of tell it was 3d on tv. I dont know where they cant put that app there is an app. You can get an app for your iphone where you can look at you put it up at anything. Its unclear to me it seems like a smart move to get the consumer and get more of a foothold. I understand trying to build the ecosystem. If someone told you a year ago, hey, i know you like this apple, but wait until amazon comes out with their phone. Some say amazon is going to compete with appearing in innovation . But they had a reader, too. Its not first product. But i need to buy something. Everything i buy is online at this point. You could be walking to your car and its like, oh, i dprot b forgot to buy that. I have an app on my iphone. Like you with sports, i need to recuse myself with this entire no, with any high tech. I thought he would subsidize the phone and it would be a very cheap phone. You get amazon prime free for it with this. So if its a is 99 phone, its really a 99 phone. I hope youre up to speed on the world cup. Anyway, weve got to go. Wait until you see this one goal, though. Wow. We had that ready to go. That was a goal. But wait until you see this did you see the greatest goal in history . No. I was on a plane yesterday. Have you hear about it, the australian, cahill . No. Were going to talk about that in just a moment. But in the meantime, we want to get an update on iraq. Michelle carusocabrera joins us now from northern iraq. It is of course, an eyewitness is suggesting theres a black flag over the area right now. The government here claims that they are in control of it. Its extremely unclear what the situation is there. What we do know is it is offline and as a result there are long, long gas lines here in kurdistan. Take a look at the video here. Hundreds and hundreds of cars long. Thats if the station has some gas. Weve seen many, many stations without gasoline at all. These people are waiting in line for hours at a time. One guy told us he waited four hours in 209 heat. Here in kurdistan, they have capacity for around 1100,000. Down in basra, exo and bp are declining to comment that exxon has evacuated their ex pats and bp has evacuated nonessential staff in the uj facilities in the south. This is a very politically different situation tore these companies. The head of the Iraqi Government controls southern Oil Companies and went as far to give reporters an interview criticizing those two companies and going on as far to go say any weather Ford Schlumberger have not evacuated any employees. Baghdad has questioned air support. The s p is not so it that ping the video wering showing you was uploaded by the u. S. Navy to its website. The wall street reporting in their conversations with dip hoe mats in the area. I guess they are looking for someone else that they can push forward that hopefully government would push around to have a more inclusive government. Are we in the position of trying to do another government that we build ourselves or are they looking for somebody else to lead up to an election . I dont quite get it. Yeah. I asked that question myself. Anterior we in a tough position or arent we going to be criticized for doing that as we have done repeatedly throughout history. Its unclear. I dont know the reporting on that story. Maliki is accused by militants and this area. They gave very little resistance. Are they going to be able to find or can someone come forward what everybody is rally around and be seen as northbound who is inclusive and can that be done wholistically instead of the u. S. Doing that and appearing to be the puppet master again. Right. We were supposed to be doing this for democracy. But then when you get so involved with who comes next, that defeats the purpose. Anyway, michelle, that you know. Another day, another record high for stocks after the fed may have affirmed or reaffirmed the oh, the dove birds were flying everywhere. Did you see that quote from yellen . For a second, a light bulb went off in my head. No wonder the market is off highs. Both of them are craving to keep the party going. She said where employment is and where inflation is, both of them are going to fill in the same thing and thats like filling up the bunch bowl again. But they did say theyre going to go up a quarter point faster in 2015 or 16 on rates. And they did take down did you see the 3 . Were no longer anywhere near 3 for the year. Were at 2. 25 or 2. Something. 35, he was krndz because the feds is essentially buying the same a. Of of tresh remember i issued. The training wheels are still on. Now it really doesnt matter at all. Were not there, anyway. Lets get to paul schatz. Hes president we were talking about 6 . We went up the last time, anyway, didnt we . Werent we at 6. 7 . I thought it was 6. 4 . We arent going to get to 6 anytime soon. I think we should get some birds and keep them on the set. Liesman was right here. Hawks are pretty cool. But doves, who doesnt like doves . And you tuckel them and they pooh. On the phone, we have lindsay prospect you down where the fed is so were not doing 3 any more . Will we end with a quarter of 3 or 4 . You know what was so interesting about what we saw yesterday was the updated Economic Projections from the fed. There was a clear contradiction between the downgrades for the assessment of current Economic Conditions and the acceleration in terms of the Committee Members expectation for policy serving. Joe, you alluded to the fed that the fed committeed to 3. 5 next year, mon tale policy plus in terms of their forecast, and yellen has consistently said she will wait for that optimism to come to fruition prosecute changing Monetary Policy. And paul, we heard yellen it was simple to me. As far as stock market, she said everything prints at earning more money. Doesnt it seem like a no braber that asset prices will continue to rise . Yeah. Europe, theyre just beginning. Europe is where we were essentially in 2008, 2009, so certainly europe. And dont forget japan. Theyre not done. Theyre going to have to really crank it up. Regarding the feds forecast, sadly, the feds know better than frankly anybody else in forecasting economy and any reasonable runway down the road. So the punch bowl is needed. Its the only thing you ever disagree on is whether we should continue to print money. Once you start, you have to go to the end. My worry is that even all that yellen said, my worry still is that the fed is going to stop qe early and the economy is not going to continue and theyre going to be kind of in that conundrum, what do we do now . We tailed it off, we tapered it. When do you think theyre actually going to stop, though . Obviously, the printing of money is going to be done this year. And yellen did the amazing walk back on the considerable period of time. Thats a footnote from now. So theyre probably going to raise rates next year. Again, becky, i think were in the typical post financial crisis recovery. It kinds of stinks. Its stodgy. You dont get out of your own way. How come no one is talking about obamacare, the payroll tax increase and the raising of the rates on the top tier . All that is dragging on the economy. How can anyone be surprised the economy cannot get back to even trend growth . Yeah, but as far as the tock market goes, you can keep saying, you know, the fundamentals really dont live up to where the market is, but does it really matter if the fed is printing, printing, printing . You can argue until youre blue in the face that the markets shouldnt be here, but the markets should be here. What would he know about the stock market . Whether its high or low. Whenever i hear that, i dont even think we found out really how long it was. He said he was there. Let me see. Thats 35 right there. If you miss a third of the market then i said if the market keeps going up, will you ever turn bullish . He said no, i could never turn bullish. Operators have a view of whats going on in the economy. With the fed doing this, it has nothing to do with the markets. But thats your distinction. But the market should be here. Why is he arguing against the market . The market should be here. Its the only sadly, its the only game in town. Theres nowhere else to go. So liquidity flows, money goes, they treat it best in stock. Lindsay, whats the highest print on the gdp that we get in the next three quarters . In the next three quarters, were not looking at anything above 2 at this point. We continue to see lackluster growth. For the year . We wont see a 3 print when we get some snack back from the weather in the First Quarter . No, i dont think so. Retail sales rebounded, but at the expense of a decline in service. Thats virtually the trend we saw at the beginning of the year. What happened to my world cup story . They moved it. We talk too much. Lets get to the next topic. The next block after the commercial break. I downloaded a fifa application on my fifa. Whatever. I know every group all the way to h. I think its like march madness. Theres eight and double elimination, right . All right. Anyway, the password, its not mine. Anyway, paul, thanks. Lindsay, i cant believe that. 2 . Thank you, guys. Its not very optimistic. I wish i could say it would be higher. Thank you, guys. Market is going to 18,000. Well take that to the bank. When we come back, were going to get to joes world cup, plus jon fortt sat down with find out what he has to say in todays executive edge. And last month, larry fink said they present a Structure Problem that could blow up the entire industry. Here is a quick refresher on leveraged etf. A leverage etf is an sxang traded fund that ames to amplify the benchmark. That could be a number like the nasdaq or the s p 500. These funds are financially engineered with leverage which comes from derivatives and debts that had be super charged to deliver two to three times the index. A leveraged etf aiming to amplify the s p 500 can deliver twice the daily from the from the ept. That leverage magnified the lawsuit, as well. The leverage etf from its 4 . Now, theres another problem with leveraged etf. Because they reset he day, you may not be making the return you think. That two times return you are offered is only guaranteed for that day. Over time, your returns may differ significantly. The bottom line for the average investor is this. The Financial Engineering used in leveraged etf makes them complicated to understand and much riskier than a traditional etf. The defending world champs are out of the world cup. They lost to chile 20. Their second loss, so theyre gone. Cameroon is gone. They had great, great uniforms. Red and green and yellow. Spain lost to the netherlands, 51 on friday. Now, i was hoping that the netherlands would lose and ill tell you why. Its because of that ox noxious skating coach who said were idiots over here because we like football. Hes so pc about it. And then he said were so great at hockey and were so great at soccer. And they really do look like theyre pretty good at soccer. So im watching the netherlands. Who went up first . I think australia no. I think the netherlands may have one of them went up fist. But you have to watch this goal from cahill. They did eliminate australia. Look at this. It looked like about a 40yard pass in football before it hit the ground. This guy, cahill, as it was getting close to the ground he kicked it into the left corner of the ball. Look at that. Came down, he saw it come over his shoulder. That kind of thing is just this is an awakingly. He also plays for new jersey, the red bulls. I think australia scored and then the netherlands scored and then australia went up 211, but then the netherlands dominated for the rest of the game. I watched this. Alajandra bedoyi, who got cut from the team in 2012 who started the other night against ghana. No kidding. Yes. Hes a local boy. You know, i saw im sorry of just getting into this. A lot of americans, and there was an article yesterday that said its finally turning the corner. On this thing i downloaded, ive got each i didnt know there were a through h and i think theres eight in each. Thats 64. And then we dont this is the group round and we find out who goes it really is like march madness. It really is. And the u. S. Plays portugal. Portugal got beat pred badly, but theyre supposed to be good. Tonight, japan is playing. You know nbc is big with soccer. We have the premier league. So its all aligning when does the season begin . Thats below my pay grade. Im new. Im a neophyte. But youll be able to watch it, andrew. Youre basically nascar is your thing, right . Yes. Because, you know how much i love do you know the starspangled banner ends with gentlemen start your engines, right . Thats the last line . You have an inappropriate joke about how you watch nascar. Tmobiles ceo wants to lure customers from rivals so hes announce ago new Internet Radio service up limited music streaming free of data charges. He sat down with jon fortt to explain. Were unleashing music. So for our customers, all music streaming on we announce seven services, which account for about 85 of the music streaming will be free and will not be allocated to the high speed data bucket. Were doing this for, amongst other reasons, they can. How about the other guy . Either they cant or theyre greedy. Is that the ceo . Thats the ceo. He wears tshirts. Hes a record producer . Hes not a record producer. That was the stock trade, still . Tmobile as part of as part of a larger company, Deutsche Telecom the haircut and they do a deal with sprint. But yes. Thats the guy . No, its a type of a trade stock. Just kidding. Some people say is that the guy who snuck in yes. Some people think that his game has not to offer such cheap phones and to buy people out of their contract hes with the hope of eventually forcing somebody else to buy him because he does so much damage to their bottom line. Isnt the print guy, thats the guy that wears the trench coat at night in central park . What . Yeah. He has the ads where hes in central park wearing a trench. So i dont know, thats the compensation, thats tmobile sprint . He thats what it is. Im going with verizon and at t. Well tell you what he said about this amazon phone. Outside of the fact that the phone can look at things and tell me what it is, i usually know what im looking at except late on a friday night, and personal the phone is going to tell me what im looking at. The much a hardware announcement. It is tmus is the stock. Its a 26 billion and tease the company that spun off from deutsche. Right. Youre not one of the dominant players, so you sort of need yeah, yeah, i guess. Thats the game, though. And the good news is theyve kept prices down. Thats why i we were arguing we have analysis saying we dont think thats the same Business Model. May not be. When we come back this morni