Government will intervene. As far as ryan goes, i dont european equities all in the know, do you really want to be green as well. Take a look at oil prices this morning. Traders say crude stockpiles likely rose last week for the bill kristol. Just endorse hillary, its okay. Fifth straight week offsetting supply disruptions related to just endorse her. That wildfire in canada. Call it what it is. Stop dancing around. And some situations where else. Well, it is primary day, theres w tchlwti high are. Voters in nebraska and West Virginia heading to the polls. On more on what to expect, lets canadian oil may be back online later this week. Here are other big stories get to john harwood. Were watching. Facebook is in hot water over donald trump is the bias allegations. Presumptive republican nominee, nobody cares that he was going on the record saying the vulnerable in nebraska that that republican race. Social network deliberately most of the attention is focused on West Virginia. Censors political sensitive Bernie Sanders has been holding if you look at the articles. Polls, heds holding a lead of saying facebook is a platform for people and perspectives from six points over Hillary Clinton in average of the polls. Across the political spectrum. And Bernie Sanders does not have stock is up in premarket trading the ability to catch her in delegates barring some massive about 0. 5 . Shift in superdelegate which is whats, its a shocker is not going to happen. Everybody is focused on the what, at facebook. My word. General election. You have donald trump having really. Knock me down by a feather. 1. 4 billion people on that Chris Christie to head his team. News service now. Chris christie is somebody with theyre getting the news the potential to be shrekked as that what does it lean Vice President on Donald Trumps forward . No, thats us. Ticket. You have the continuing drama lean in. Lean in. Between donald trump and leaders this is lean in. Of the Republican Party over at both places its lean whats going to happen at the convention. And beyond, in terms of left, isnt it, sort of . Coordination of resources. Its media. Okay. All right. Paul ryan said yesterday, hed all right. As long as you know. As long as you know what to step aside if donald trump wants expect. And what party they support. Him to abandon the chairmanship youre on facebook, arent you . No im not really not. Of the republican convention. Youre on instagram. I agree with joe. That is not something that not really. Donald trump wants to happen. You are but youre not the reason is, donald trump really . Needs to do a better job of youre not on facebook. Uniting the Republican Party. No. In modern politics if you dont its okay to admit it it, are you on facebook . No, no, im not. Have a united party you cannot im thinking about joining win. In the most wall street myspace. Is that still around . Journal poll, donald trump and you know what i was telling you about Hillary Clinton were tried 4040. Snapchat before the show and how she had a much higher support of that works. Theres news on snapchat, too. Democrats than he did among were going to do that. Republicans thats buy she had a you know why im in such a double digit lead. Donald trump has to knit good mood, because i have stocks together the coalition as his first order of business. To watch. I like the idea of democrats you know who does the stocks bet supporting trump and republicans than me. That have switched to hillary, you. You know whats happening and too. Thats a hard number to poll why youre doing it . I do. For, isnt it, john . You know were going to be well, in our poll, the number doing of republicans with a favorable yeah. Yeah. Opinion of Hillary Clinton was on cue. Something like 3 . That puts me in a really good the number of democrats with a mood. Its much more interesting to favorable opinion of donald listen to those stories. Trump was about 8 . But both had extremely high with music. Why is that your music . Is that just always dont even its not unfavorables. Ahh. There isnt much cross party i know. Voting. Theres some people fluid in these kids. These kids. Identity. But used to be you had a lot really. More conservatives who were the judge . Youre getting warm. Democrats. Liberals who are republic danre. Okay. Elsewhere in the news ever heard of that show the and that fueled split ticket voting. You said that donald trump peoples sport . Yes. I know thats where your name needs to do a better job of comes from. Thats the song. Unitinged Republican Party if you ever wonder why around him. You can make an argument that the Republican Party needs to Credit Suisse is protesting a start rallying around donald loss. After declines in investment trump realizing hes the banking units. Nominee. Shares are trading about 5 well different sides of the higher and thats taking much of same coin. Its the same issue. The European Equity market with but republicans have to make a it. Remember, there was a day choice. There are a lot of republicans earlier this year when you could post a profit loss and those who have reservations about european banks would go sliding donald trump and his fitness to be president. To the tune of 10, 15, sometimes theyre going to make a decision, a, is he viable. 20 . The shares down about 42 in the can he win the election . Last year. If they dont think he can win the firms ceo spoke with cnbc the election, number one priority is going to be earlier this morning. Protecting the house and senate february 4th, which is the majority. Theyre going to have to make a last time we spoke was a scary time. Threshold question of a, can january was simply the worst january in history of markets. They live with him, b, can how i was speaking after four weeks did it affect us. Of that. And theyve got a seat majority since then, february was bad. Right now, republicans are better than january. March was better than february. Defending most of the seats and april was better than march. So were clearly on an improving especially theres seven of them trend. An improving trend. That obama won twice. Investors will take that. In the house, thats extremely on the Economic Calendar, well difficult to do. Its unlikely the democrats will get wholesale trade and jobs do it. If donald trump gets blown out by Hillary Clinton that becomes opens and labor Training Survey a possibility. Do you think that ryan by known as jolts. Friday is endorsing jump, john . Norwegian cruise line will i would be surprised if he report reports before and after does it that quickly. I would expect that paul ryan the close. Who feels strong institutional disney and electronic arts. Loyalty to his party, when i joe. In the first half, im going interviewed him a few weeks ago to do this one. Theres no theme music for and asked him about this, when you . No theme music. He was going to eventually solarcity reporting a wider than support the nominee given expected First Quarter loss. Trumps divergence from some of its all the way down to 18. Of his views, he said, look, im not just representing myself, surged more than 50 . Im representing my party. The company is slashing its i think those institutional forecast for solar panels. Loyalties are ultimately going stocks falling more than 60 to bring him in line. Id be surprised if he does it from the 52week high. That quickly, especially after some of this back and forth over and gas p is reporting a loss f where donald trump is on tax policy. I hope theres not it the fifth straight month. The retailer continues to would look like he folded too struggle with weak demand at easily. All of this posturing. I get posturing is part of Banana Republic and old navy politics. So a different side to the same stores. And insvensense reporting fourth coin. Unless its those coins that quarter earnings. It feet forecasts. Hillary used remember those primary wins. Revenue 20 . Nice segue, very good. Werent there like eight in a and this is the maker of motion row that came up for her . Tracking sensors in the iphone 6 i liked. Bernie keeps winning these and Samsung Galaxy phones. States and its a foregone conclusion that shes in. Have you ever heard of that how do you win those company . I have not. Superdelegates . They sign on because of how i understand, sort of. Does that work, john, or is that not really, though. Seeing it falling 30 since the too long of an issue. Look at that name, clinton. Start of the year motion sensing that carries some weight in the ive never heard of it either. Party. Certainly does. No. I would have said, clearly we have mark penton who did a yeah. Definitely. Here we go, this is what were waiting for, maestro. Surprising poll. Clinton 4. 5 wiggle room. Music, please. Here we go kayla. What was the other guys name were in the media business. That would bring the people out . It should be a great six months, dovn dont you think . Doug llewellyn. A lot more. Showing signs of optimism. Well have details. Rusty the bailiff. All the people are guilty. Plus last week on squawk box most people in courts are, they wouldnt be there. Why, do we have a presumption of berkshire ceo. Innocence . I dont know. Not in this country. Sotheby, auction house, fell and valeant responds. Well show you that straight ahead. Youre not gonna watch it and off to a strong start helped by rising sales in hong kong. Hertz posting a offset lower pricing in industry by cutting costs. The company is backing its earnings forecast for the year. Bill Ackmans Pershing Square reportedly selling 800 million shares of zoetis. Last week, ackman told clients pershings portfolio was rising. I dont think the bongo is used anymore. If your kids say they want to learn how to play the bongos, dont you try to say how about piano. Or if youre a parent that did you hear now good the person is that one guy moving that quickly on this song . You dont think the whole thing is an electronic yeah, it sounds like something previously recorded on a deboard. I dont think this is like john williams. Weve got to get you a theme song, over the next couple of days im going to be here. Im going to try to come up with something. The theme from s. W. A. T. Maybe digressing a little bit paul quinn, remember him . I do. This morning, the futures mean one mr. Grinch thats a good one. Its a little seasonal. Cute. You can play darth vader. Its not even christmas and were playing that. Up 113. It started really in europe. Much better tone in europe this morning. I notice that the german bund is no, youre not gonna watch it 14 basis points. 114 on the dow. We cant let you download on the goooooo s p up 13. Nasdaq up 23. The tenyear, people are talking youll just have to miss it about record lows again this yeah, youll just have to miss it psycycle cycle. Heres the dollar which has not we cant let you download. Been quite as strong. Uh, no thanks. I have x1 from xfinity so. Now, we worry about a strong dollar. Now, we worry about it hasnt dont fall for directv. Been as weak. Xfinity lets you download your shows from anywhere. Now, we worry about a weak i used to like that song. Dollar. The yen, its a twomonth low. At 106 for a while. Finally, gold. I dont know whether this is say long term loan or if they end up making beaucoup dollars on this. Maybe he did. All right. Got a move from you can see it there, in the last six months its 8 in a flat market. I know. Is it going to be 16, 30 . I dont know. Better than anywhere else. Well see. Welcome back, some well see if the market goes any Interesting Data out this morning after a year in decline. The u. S. Ceo optimism has had a higher. Marginal rebound. Despite market volume difficult, do you guys do that on this american ceos forecast a show or what . Relatively stable environments we could. For the remainder of 2016. Why what happened . Dropped 40 last night. 17 in overtime. Theyre trailing behind their did you see that . I havent seen it, no. Asian counterparts. Do you know who he is . Wpo the young president S Organization is an exclusive why are you asking me . Cnbc partner with 23,000 are you confused on who is in today and who isnt . In political news, venture executives worldwide. U. S. Equity futures at this capital investor peter thiel hour have been in positive territory. Still looked like and in the green with the dow up 104 points. Listed as trump delegate in for more on what to expect, global strategic at jpmorgan. California. Paypal previously supported rand pauls president ial bids. Along with dennis debuescher. We had noted that hes of strong libertarian roots. I see joe looking they in this election, you dont know alreadynounced whos voting for someone, versus whos voting purely against someone. Theres a lot of people, no. Obviously, we talked about it gentlemen. Here. Lets talk markets. Maybe trump wouldnt be your we have some relatively quiet first pick, but theres a global activity today. Were out of the woods at least huge clinton, theres a huge for now, right, david . I think we are. Never trump contingent. Its a huge dynamic. I thinkjobs report gave us its going to be hard to read a glimpse that data is under throughout until people go to the ballot, go to vote. Pressure. This morning, had you numbers what we also talked about out of europe, it looks like before the show was what can you industrial production, although it started the year strong has say definitively about anything tailed off. Overall, were seeing more of the same. It continues to be a muddle through it. Dennis, are we now in this perverse cycle where the weaker the u. S. Data are the better for the dollar . And the less we worry about divergence and the less we worry about a stronger dollar hurting other companies. Yes, i would say, to a point. I would step back and say theres such a discretion between volume difficult and volatility. From the u. S. Point of view which is part of the reason why the u. S. Dollar hasnt been as strong in the last few months. So if you were to see continues weakness in u. S. Economic growth. I would expect volume difficult and growth track together all the time that they would converge which creates a trapdoor in the market. So the idea that the fed is good is always good until the not. It gets back to your comment in the beginning when you say are we out of the woods . I agree with davids comments. The problem i have with it the market in jgeneral when you hav markets that are based on volume difficult suppression from Central Banks, the market is riddled with trapdoor scenario as long as that continues. What would you say about that . We were talking about this before. Market continues to grind higher. This has been a sevenyear bull market that everybody has loved to hate. With the stock market and underlying fundamentals is definitely concerning. We need to see some Earnings Growth later this year, otherwise the fundamental thesis for stocks goes out the window. Market drives higher. Earnings get worse. Meaning that valuations are probably too rich for many investors. I wouldnt say theyre too rich but undervalued. I think we need to see that cash flow growth begin to pick up in order for the markets to keep pushing higher. People dont want to see more than 16. 5 . If youre purely based on gauging the multiple to drive the market in here what is that based on is the question you ask yourself. If thats based on the market to drive that higher to a level thats tough to square with reality in the sense you have to create the new metrics on high the market should go higher expensive markets creates bad o outcomes. If growth is slow. Equities are getting fully valued, Interest Rates stay low. Bl what do you buy, gold . I think gold could play a role. Whats gold worth . Well, its only worth what somebody else will pay you for it. Its really tough to value but i think what were seeing in a negative Interest Rate world, investors are looking for a safe haven asset. Theyre looking for a place to put money. It used to be government bonds. I think gold is catching a bid for that reason. Theyre looking for a safe haven, david, when does the tide go out . I think one would be investors losing faith in the Central Banks to hold up multiples. That hasnt happened yet in the u. S. To some extent over short periods of time. A little nor japan maybe. Inflation would be the other factor that would drive it, meaning we see that in the back half for the year. And the other one would be deterioration. Just ado downshift of china. Looking like we have a modest rally on our hands a couple hours before it opens. Gentlemen, thank you. Coming up, which Hedge Fund Managers made the most money last year, for themselves. And Institutional Investor is out with its new ranking, well unveil the top names. As we head to break, well look at yesterdays s p 500 winners and losers. Images, videos, social updates. We call it dark data. 80 is invisible to most businesses. The ibm cloud has tools that can help see dark data and put it to work. Hello, my name is watson. Working with watson in the ibm cloud, we can help an Energy Company predict pipeline corrosion. And help a startup to use social data to predict market trends. Now businesses can get more out of their data. Thats what the ibm cloud is built for. We like that. Not just because were doers. Because at sheraton, were changing. Big things. Small things. Spur of the moment things. Changes youll notice. Wherever you are in the world. It has been a rough couple of years for hedge funds according to data provider hedge fund research. The average fund was down 20 in 2015 and was up 0. 3 through april. Alpha magazine is out with its 15th ranking of. World highest hemp fund managers. Citadels kept griffin. And james simons. The names are wellknown. It was the year of the computer guys. Yes. If you look at the performance, the people using fundamentals or macro to invest really had a tough time. The computers seemed to nail it. It was pretty amazing. Renaissance, funds were up 15, 16 . Citadels wa