Friday. You can see this morning theres green arrows up again. The s p futures up by 6 and nasdaq up by 18. Steve. Dupont is just breaking and my software is just loading and i dont have it. Were going to read the stories here and becky and andrew look up dupont there. Four dow components among the Companies Set to release before the bell. United and verizon. In Economic News arguing Central Banks need to set higher inflation targets to avoid dealing with low economic growth. Rosengren said he wanted to debate whether the u. S. Target of 2 was too low. Developing story out of the midwest today. An iowa farm holding nearly 10 of the states chickens when 5 million hens must be destroyed as a result. Iowa is among 12 states that detected bird flu since january including wisconsin which has declared a state of emergency. The risk of human infection is considered to be low and no human cases have been reported. Hormel warning it will sell less turkey this year because the viruss forced farmers to kill more than 2. 4 million turkeys in the last month. Just quickly, we do have headlines from due uponpont. Theyre raising their dividend to 49 cents from the 47 cents it had been before. Just looking at the yield right now. Thats a 2. 5 yield. So that will increase the yield spiral. In the meantime lets tell you about stocks to watch this morning. A mixed quarter for ibms big blue. Their earnings beating the street but sales falling for a 12th straight quarter. The strong dollar continues to be a head wind. Well talk to an analyst about all of this. Chip design Makers Technology that of course may have the technology that powers the iphone and profits topping expectations. Also Software Giant s. A. P. Posted better than expected results. Also rio tintos iron ore lower than forecasted and we have Credit Suisse reporting erngs ahead earnings ahead of estimates. Im seeing dupont now. I have an operating eps of 1. 34 and that looks to beat the estimate of 1. 31. Thats the first headline and maybe some other issues but thats what i have there. Its 1. 34. Redesign contributed 10cents per share. I dont know how you guys do this when you do it every morning. Try and jump in. Still loading uptaking a look at these things. 80 share. The estimated negative currency impact increased to 80 cents a share. Thats up to 60 cents a share they previously communicated. If youre looking at guidance on this, the company is saying they expect to be at the low end of 4 to 4. 20. Thats probably not a huge surprise to the street. If you look at the earnings expectations the street was already at the end of 4. 25. Its higher that the bottom is a little higher. They expect to be at the low end of 4 4. 20. The street knew that already already. Theyre looking at earnings to be at 4. 25. Weve seen them at a lot of the multinational companies. Dupont is talking about sales. Thats slightly below the estimates. 9. 4 billion. Im looking at sales of 9. 2 billion itself. 937 is slightly below what the street is looking for. They are talking about the sales that were down 9 versus the year earlier because of impacts from currency of about 6 . Portfolio changes of 2 and expected near term industry wide challenges in agriculture and performance chemicals. Lets look at how the stock is performing right now. Down about 3 from yesterday. This year its 20 higher than previously estimated. So whatever is going on out there its getting worse for dupont. 80 cents a share is for all of 2015 theyre expecting. For this quarter alone it does have a 25 cent per share negative impact for currency in these results. Well keep an eye on this. Currency is dpif cull to figure out. Analysts say sometimes thats a blilt little bit of a black box. Its kind of complicated but the street so far has been pretty good at pegging some of these massive head winds. My question is whether or not were at a point where were starting to look through that. I see this market go up 200 points yesterday and at some point the effect of the currency wears off and theres some visibility of these companies estimating it. I can say its 80 cents this year. To me when i look at the earnings the thing that matters is what does he think of all of this . I believe theyre having an Investor Conference meeting later today to try to persuade shareholders that dupont is not doing its job so the question will be how are they going to look at these numbers . Do you say the revenue story is really the story here. This is a company being helped. It also has a fairwind coming from lower cost of oil. It does not break out. It is clear how currency is having a major impact. It looks like its unclear where that stock is going to change. The bid is down at 6265. David einhorns Green Light Capital has taken a new stake in general motors. The hedge fund sold off a position in the auto maker nearly a year ago. The gm put ignition switch recall issues behind it. It also expects them to begin the 5 billion greenlight buy back soon. Einhorn says its tougher to find good long positions because valuations are on the high side and earnings are in a precarious spot. A new warning from mark mobius this morning. Right now were seeing emerging markets outperforming the u. S. And the world. Since the begin ofg the year weve seen theoutperformance. Now is the time to shift out of the u. S. Corporate earnings are poised to disappoint. Switched to a u. S. Recovery at early stage and government regulation. He favors emerging markets over most u. S. Investments. Not sure thats the most original thought from a lot of guests weve had on this show. Were sitting there saying ems and europe and out of the u. S. That seems to be a theme pretty prevalent out there. Its one he has been focused on for awhile. But we have heard that from a lot of guests over the last few months. It looks like were looking at a positive open earlier this morning with green arrows across the board. Yesterday was a positive day for the markets. Gains back 200 points for the dow. That is taking back much of the losses they have seen on friday of last week. Still youre looking at the s p futures up by 7 points this morning and nasdaq up by 20. Why don we see how the early trading is going in europe this morning. Looks like right now stronger moves for germany where the dax is up by. 8 . The cac is also positive. Its up to a quarter of a percent. In greece the market there by 2. 8 . Eventually we saw the yields for greek debt moving to highs. Something like 28 for the debt. Thats what you were seeing on the yields. That put pressure on the stock market there. In asia overnight you see the nikkei was up by 1. 4 . The hang seng was also positive. Up by 2. 8 and the shanghai was up by 1. 8 to try to get the banks to continue to loan to Small Businesses pushing out that money. Wti this morning down by 25 cents. Wti was higher. Up by 64 cents. You can say its trading at the 56 dlfrs range 56 dollar range. Youll see the yield is still under considerable pressure. Youre talking about the ten year yield at 1. 881 but when youre looking at 0 or even negative potentially in other places oversaes and europe thiseas and europe this is a much better deal. Youll see at this point the dollar is up across the board. Euro sitting at 106. 87. Gold prices this morning are still looking like theyre below 1200 at 1,000 1,197. 80 an ounce. Joining us is the Senior Technology analyst at Deutsche Bank research. Thanks for being here today. Thank you for having me. The overall picture is better than the street was expecting but revenue continues to decline. How would you rate this quarter . It was probably a good enough quarter. Revenue continues to decline for the company as you mentioned. Currency i think most people will look through but their core Market Software and Services Continue to decline and the only growth was in hardware. Some upside on the eps number theyre seeing benefit from the hardware business but the real places where ibm plays theyre not doing as well as the rest of the market. Jenny talked openly about how the company has to get rid of some of this business. The places where youre bringing in revenue but its just not profitable. When do we reach the point where we have gotten rid of all of that . Its a big question because ibm has been a big story for the past years. All they have been doing is divesting these in favor of software and services. Everything in the Technology Industry eventually co commoditizes. The big issue is transitioning to the new models in the cloud and where the industry is moving and theyre being challenged by what they have is really a big traditional business being challenged by that. How are they doing in term of righting the ship. Well she has done some things well and some things not so well. Its a difficult job that she has to turn a big company like ibm around and transition this business to the new model. At the same time ibm could give us more disclosure on the new areas where theyre growing and maybe make tougher decisions about the new areas like the cloud and mobility. I saw yesterday, did i get this right, cloud revenue was up 75 . 3. 4 billion. Is that right . So the run rate for the Cloud Business now is 3. 8 billion and it was up pretty significantly. Is that a a profitable business and b are they a competitive player in that space . Well ibm when you think about the Cloud Business especially on the infrastructure side the big players are amazon and google and microsoft and ibm in is in there but theyre not as big as the other three. Will they ever get as big . Or does it matter . Well, its a good question. Amazon dominates that space. Thats where everything is moving. I mean you talk about 75 growth is nothing to shake a stick at. Thats good. But when the rest of your business is declining 10 and thats 80 of your revenue its hard to offset that and see any growth in your business. Is that piece of the evidence, is that a key business though . Because the rest of ibms business was supposed to be sticky. Yeah. Cloud services has always been one of the things the reason its so great and easy is it can be transferred i can jump from you to you to you, right . The Cloud Business is probably not as sticky as traditional businesses where you buy a server and put software on and it sits in the data center. Also we dont know the profitability. We dont know what the profitability is. They dont give us those numbers but amazons business thats pretty competitive business. Hard to say. The stock closed yesterday. It looks like its indicated to work higher this morning. Whats your grading on the stock. If you think about all theyre facing its hard for me to get excited about the name right now. Thank you. Coming up when we return your money your vote. New word today on who the coke brothers are backing for president and later tom faulk is going to join us to talk about his companys earnings. Plus skinny girl founder Bethenny Frankel is going to join us and dish on her growing brand and crude realities, harold hamm is going to join us first at 8 40 eastern time. Before we do that head to a break here a look back at this date in history. Tell me why i should have any faith at all in the gain yesterday. One day its happy. One day its sad. You to take a longer term view of the market. A 6 to 12 month horizon. Valuations are reasonable. Theres a lot of good things happening in capital markets. We have a year like last year we buy the difference. Does it worry you though when the market is so definitively negative one day and definitively positive the next. Does the earnings justify the 200 point gain yesterday . There was no Economic Data to justify it. Sometimes you cant read too much into anything. Earnings in aggregate have been okay. They have exceeded expectations. The norm last quarter was 67 . Earnings are okay. Thats on the bottom line and not the top line at all. Thats absolutely the case. People are becoming accustomed to that. But are we starting to go negative . Is it negative year over year Quarterly Earnings . Absolutely. A little hard to get excited about 76 beating when what theyre beating on is a less negative number. Its what the earnings are versus expectations. The fact that earnings are going to be lower. Everybody expects earnings will be lower. Energy will be significantly lower. Earnings will be up about 5 . Now in the old world you have the financials doing well yesterday. Morgan stanley, goldman did well, is that a leading indicator to you of where the stock market and economy are going . We don think its a leading indicator but we do think if you look at the balance of this year financials are going to perk up. They are one of the worst performing groups in the First Quarter. Even though businesses have been good the stocks havent started yet we think thats going to happen. You were more positive on ibm than the analysts. We do in our dividend accounts. Theyre paying about a 2. 6 yield even though its not exciting in term of prospects its under 10 times earnings. Theyre slowly getting their act together. Youll do okay with them. We think the stock can be 10 or 15 higher. Theyll look stabilize and start to move higher again. Not for sometime. You still have quite a little bit of time where the hardware business is going to slow down. So the new businesses were growing at 30 or better. So theyre paying a nice dividend to shareholders. Its not going to be excited. Is warren buffet going to be vindicated on this when its all over. We do believe he is. He has a longer time horizon. A lot are looking at a week or month. As a multiyear investment we think theyll do fine. There are better places in technology to make more money quicker but we do think its going to be an old hold. Do you connect this volatility to Federal Reserve policy. The volatility is normal. The fact that we didnt have volatility is normal. The fact that valuations are up significantly increases that volatility. So the Equity Investment is why you get paid more than getting in the bond market. Were going to have a reporter on later thats going to argue that the fed already tieg tightened and the slow down in the economy is a result of that. We don think the fed has started to tighten yet. Everybody knows the fed is going to tighten but we dont think that happened yet. When does the tightening begin . Best guess now is september. And how much does it matter for markets . Well the market is going to have a little temper tantrum again but it is going to come to terms and go from 0 to a quarter quarter percent. Should be manageable for the stock market. Lets give you a little political news this morning. The cokoch brothers favor scott walker. A spokesman is disputing the wording saying that he pledged to remain officially mutual during the primary campaign. So a little bit of news. Also a little bit up in the air. When we come back this morning, big news from netflix. The streaming giant giving viewers a blast from the past announcing a new full house. Well have the details right after this. But first as we head to a break take a look at yesterdays s p 500 winners and losers. 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Then well give you the tools to help you manage, screen and rank your applicants all so you can find the right one. Try zip recruiter for free today. Im going to give you the exclusive. Please do. Its a labor of love and we have been literally trying for so many years to do it right and i think we finally got it perfect and they just five minutes ago said you can give the exclusive to jimmy kimmel. Oh thats nice. There he is. John stamos from full house. Netflix is going to reboot this thing with a brand new comedy. All new episodes. Another case of netflix thinking out side the box for programming and this effort to capture a demographic thats moved on. A little bit older now, get their kids. I watched full house. Late 80s, early 90s, werent you 12 then . Late 80s. This was the show that created the olsen twins. They played the little ones. The little girls. There was one girl. They both played the same person. Bob sagget. He is not signed on yet. Nor have the olsen twins. We should also say Marykate Olsen has a connection on this show. She is married to oliver now. Oh wow. Thats a weird 7 degrees of squawk box. Then Candice Cameron that plays d. J. Is going to come back she was the kid. D. J. Was she was dj. Shes going to come back i believe as the mother in the story. Of course her brother was kirk cameron on growing pains, the other show that i used to watch at this time. Talking about out of the box, netflix has done this before they rebooted arrested development which was a show that was a bit of a cult phenomenon on fox and did well and got cancelled and they found a way to bring it back to netflix. But its going to raise the question of what else can be rebooted . Happy days or Something Like that. Im waiting for the ateam. You want the ateam to come back. Nbc is bringing back coach. I love that. Thats fantastic. Dj. Has been around too. She was just on dancing with the stars a season or two ago. John stamos does everything like the yogurt commercials. You din have a crush on him. Hes cute you know but i think you did. I think my wife did. Everyone i know. He was like the guy. He was. You have another one you want to talk about too. So the Pulitzer Pr