People heard louisiana and throughout it had something to do with true detective. Where the initial scene was filmed yesterday. Grizzly, on a former plantation, cool looking. Cant wait for more, jim. Good morning to you. Futures off a touch as bull market officially turned five years old over the weekend. A light week for Economic Datas ahead but plenty of corporate news, including mcdonalds sales. Nikkei down 1 as japan revised q4 gdp lower. Oil, flat week but up more than 4 for the year. Asian marks, down big so far this morning. Selloff comes after a slew of Economic Data including a bad reading on export. If things are so bad overseas, why arent we seeing an impact in the u. S. . Mcdonalds samestore Sales Numbers falling last month. The retailer blaming severe winter weather. Numbers werent all bad. Well tell you some bright spots in a moment. A twist in the battle between ebay and carl icahn, after the Company Rejected his nominees to ebays board. Icahn doesnt take rejection well. Well bring you his response in a couple of minutes. Jim cramer on the case when it comes to energy revolution. Tonight jim will have a special show from the gulf, a region symbolic of how the Domestic Energy boom has brought u. S. Manufacturing back to life and a powerful force in getting america back to work. Set it up, jim. What can we expect today . Well, for us, what were trying to do is get a handle on how many jobs are being created, how this is part of the energy revolution. Most of the revolution we hear about is onshore. Were offshore. We are on top of an old exxon field that was bought by energy 21 using new horizontal technology, to be able to bring this field back to life, carl. Kelly, all very exciting. Its at the heart of what is happening in the manufacturing revolution in this country. Really exciting. I renaissance. Jim, i thought i read about how the Oil Rig Count is at a high here in the u. S. Lately. Amid all of the tensions that weve seen with russia, the ukraine, more people than ever looking at our Energy Policy and saying, what more can we do to increase output for some of the parts of the world . Well, i think not that far from here its going to be the first export plant, this is an lng plant, by shineer energy, symbol lng. This is largely oil. A natural gas feel another its hard to tell how far we are out, a couple miles out. Most of what were pumping is oil, goes through pipes, right to the refinery in texas. This is gasoline about an hour from now. Wow. Only takes an hour . Incredible. Amazing. Jim thats how much were offshore one hour. Thats how i look at it. Right. Got it. Jim, what in terms of tickers, what are the names youre mentioning the most today, in light of what youre doing . Absolutely. Its energy 21 and thats exii, a terrific Little Company that is just literally doing work over fields using technology from halliburton, hearing from them. New corpses a company able to capture natural gas here, to make iron pellets cheaply for new core steal. Well speak to Governor Jindal, creating Public Private partnerships. U. S. And International Companies have come down to this level. The price for natural gas for a lot of countries overseas three times what it is here. So its a major advantage, kelly and carl, to be able to move manufacturing here versus every other country on earth except maybe in the middle east. Jim can you give us a pview f when the governors talking about Energy Policy, hes in a state that wants to increase output. Other states are a little bit more sanguine about it some reeveners, big refiner states, your home state in fact. What kind of political hurdles do you think there are . Well, i think its case by case. Remember, theres a process that is federal and state. Were on a this is this is land that the federal government regulates well, a platform that the federal government regulates seriously, particularly postmccondo, the inspectors are tougher. Obviously, there was a moratorium Governor Jindal was against that. Its starting to come back. Right about recount, offshore and onshore. These properties work for one reason, oil is so high. You would not want to drill at these properties if oil were substantially lower. Thats about natural gas. One of the reasons the recounts coming back up, natural gas went up in price, its still well below what is the average world price. But it certainly advantageous for american manufacture glrz jarring to see the 5 figure not long ago. More to come. Meantime, as we said, rough session for stocks in asia. Shanghai composite down 2. 9. Chinese exports down 18. 1 in february. Japans economy grew below the initial estimates of 1 . Export data in china, lunar new year, skews the data to a large degree, but thats not what bulls want to see. No, whats interesting theres so much going on with export data. Combine january, february, it it smooths it out. The year before there were issues with regard to marking up the value of the exports, wasnt as high. Maybe it looks okay. But guess what . Take a look at copper and iron ore and tell me what matters. So here ace country thats twothirds, half the size of the u. S. Economy. Its much smaller and had more credit growth. That credit growth is slowing. Seeing currency declining. Chinas growth rate either has to slow or credit growth has to accelerate and most prefer to see the former but that raises interesting questions for the economy. Copper, jim, down more than 1 . Lower earlier this morning. You know, we got a light economic dal ccalendar here in state. Does that leave us vulnerable to other news. I was surprised copper what i found interesting was that europe in the old days, when you were exports down, europe takes 25 of chine these export. Italian production figures were high. Look, if you have europe strong, you have United States strong, i am never, ever going to im heartened by the fact that europe is not taking it on the chn becau chin because chinas down so much. Look at whats happening with the euro. So strong, people talking about that currency going to like 1. 40, maybe higher. Can europe afford that . Even though things look okay now, are we setting that region up for trouble in the months ahead . Well, look, i think that europe, its still coming out like we did. When you come out of their Great Recession you get good numbers initially. Obviously theyve got to be worried about the currencies. This is a good reason to raise numbers. So Many Companies hurt by the euro. A lot of other currencies very weak, it would be trif errific see our companies numbers high into mcdonalds out with samestore sale figures for february. Global comps down. 3. U. S. Doesnt 1. 4, hurt by challenging industry dynamics and severe winter weather. Asia pacific middle east saw 2. 6 drop. Nice bounce thanks to the uk. First consecutive global comp decline in 11 years. Is this the beginning of a new, difficult chapter for this company . Well, i know you know them better than anyone, because remember chipotle had 9 plus comp store sales. You have to wonder whether organic and natural doesnt have the z zeitgeist of our country. Im worried about a secular decline. Mcdonalds food is being viewed by younger people too much of the old food chain that people feel is corrupted. Were familiar with perhaps unusual weather patterns here. But you know to see the weakness there, i dont think a lot of people were talking about weather at issue. Do you think tastes are changing globally for mcdonalds . The a huge issue. When you speak with chipotle people thats when you speak to them, what they are saying is there is a coming revoltion. A vegetarian dish. Now, when i think of mcdonalds, i think of burgers, we dont people pefeel like where are th from . They have done great work to reinvent themselves but it doesnt seem like theyve caught up with times. Reports out today, testing out new breakfast pastries. Even if you reinvented breakfast altogether, talking about a moving the needle a fifth of what you need to move overall, right . High margin business, but got to get people in for burgers, thats what that business is all about. Yeah. Look at starbucks, when they came in with plus seven comp. Starbucks has a tremendous number of food offerings. Seems blessed by the notion of natural and organic. This is something that costco you spent a lot of time at costco its not a fad, its what people want. One of the reasons costco had tough numbers but its expensive. Chipotle is two to three types what you pay at mcdonalds and yet, people still are willing to pay, because its perceived as being better for you. Well see. Chipotle, i dont think they pay the yield that mcdonalds does, but thats a conversation for down the road. Finally, i want to get it is i was going to say, carl, its true that mcdonalds does go down on the numbers because of the yield. New chapter in the carl icahn ebay saga, ebay rejected icahns bid for two board seat mds t the billionaire investor says john donohoe cost investors are 4 billion by selling skr ining premature. The 4 billion is actually true. I know that david faber talked about a little bit how there was a change in intellectual property that came with ebay not with ebay, that got with skype when microsoft made the acquisition. Its not going away. A lot of people who when you look at numbers believe these two companies, these companies do not belong under the same roof. This is, i think, ongoing and ever time icahn squawks you see the stock ticks up. Icahn creates value by being involved in a situation. Whats interesting about the latest round the extent to which carl icahn is focusing on the 4 billion figure going back to 2008, what happened with skype and Marc Andreessens involvement. You see prior examples to point to mismanagement. I wonder if dwelling on the past, which he does for 2 3, 3 4 of the latest thing that hes written before he gets into the case for spinning out paypal, is that a mistake . I just think it doesnt resonate. What people want is to try to figure out exactly whether you get 70, 75 if you split it off. We want to see paypal comps versus visa and mastercard. We want to know what the ebay web services is worth versus amazon. Whether the Growth Market value of the general merchandise is going higher. We want fundamentals and breakup analysis. I dont know if we care about mud. The mud i see trying to get the oil out of the ground is more valuable than the mud hes slinging. How did you work out . Picked up heavy rebar. Drove me crazy. I got up at 3 30, i wanted to be able to do something, all i saw was true detective territory. I figured maybe not jog on my own, you never know what youll come up with in the bayou. How do people stay fit when theyre on those rigs . Well, i dont know. Maybe theres a place for calisthenics. Two weeks on, two weeks off. Oh, there they go. They get in baskets and you tend to throw up a lot. Keeps your weight down. Jim, thats a heck of a live shot. More to come this hour. Also, when we come back, latest on a search for the missing malaysian jetliner. Target has to submit documents to the government today. Well talk to the ceo of Martha Stewart living. More squawk on the street live from post nine and the middle of the louisiana gulf in just a moment. Welcome. Massive air and see search for malaysian flight 370 entering the third day. The flight with 239 people on board went missing a few hours on its trip from kuala lumpur to beijing. Euni eunice une joins us with the latest. Reporter kelly, families and friends are staying at hotel behind me, and the latest from here is that some of them are expected to be leaving tonight for malaysia where theyll be taken to the location of the aircraft when and if it is found. The vast majority of the people here have said that they are very nervous and reluctant to go to malaysia because they havent been very confident at all with the way the airline handled the situation. They say they felt they werent getting proper updates and worry about what happens on the other end of the flight. They said theyre concerned they dont know the language in malaysia and dont know their way around. What was interesting today was that the relatives anger towards the airline also was matched by their anger towards the Chinese Government. This disaster is coinciding with the National Peoples congress, a big yearly gathering of the nations leaders. Well, the relatives here have been complaining the statements of empathy that have been coming out from the leadership have not matched the action on the ground here. They have been complaining that officials havent been coming here to express condolences and finally when some officials did come today, they were met by kret simple, a lot of the relatives were saying their response was too slow. Since then, the government has made some stronger statements urging malaysia to step up efforts in the search and rescue operation as well as the investigation. The chinese said theyve dispatched a working group to assist families there. And they also said that the Chinese Police have also dispatched a team in order to aid the investigation into the people and the identities of the people who were carrying the stolen european passports. One other point was that the Chinese Government did confirm today that no chinese passports had been stolen. Back to you. Thank you for that, eunice yoon joining us. Its cramers mad dash as we count down to the opening bell live from the oil rig in the louisiana gulf. Open down about 30. More squawk on the street straight ahead. For tapping into a wealth of experience. For access to one of the top Wealth Management firms in the country. For a team of Financial Professionals who provide customized solutions. For all of your Wealth Management and retirement goals, discover how pnc Wealth Management can help you achieve. Visit pnc. Com wealthsolutions to find out more. music defiance is in our bones. Defiance never grows old. Citracal maximum. Calcium citrate plus d. 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You can tell everybody yeah, you can tell everybody going ahead tell everybody im the man, im the man, im the man thats man right there, jim cramer, doing a mad dash from middle of the gulf of mexico. Off the louisiana coast. An interesting day, jill, for boeing, not only the mystery behind that malaysia crash, but Emergency Landing of a dream liner in tokyo. Reports of hairline cracks in 40 dreamliners still in production. What can we expect . Well i think boeing has to be down again. Down a percent and a half. Boeing, what theyre saying you dont need to worry about the deliveries. The deliveries control the earnings. Now, this is we can call this problem plagued but every time there was an iteration before coverage there were always issues about with the boeing play. This is made by mitsubishi not by boeing. None that are out there are a victim of this. Do i want to buy beauinuy boein . Boeing working off the hangover being the best performer in the dow. I think you let it come in. I dont think theres a hurry to buy boeing. Youre saying let it come in about a wider and wider number of names on the dow or s p . I think that there are you have to be concerned, we heard a lot of stuff on squawk very good Money Managers saying the markets come too high. When you have bad news on a stock, its more vulnerable. Get a stock thats up gigantically like boeing, people say im going to ring the register. A lot of register ringing on stocks up big when we get bad news. We also have activists, the fmc split this morning, ebay. Though stocks have been up, theres a lot of selfhelp, actives getting involved. If you dont have activists, selfhelp, your stock seem to be stalled here. Were up a lot, i know the s p was hitting a high but i believe theres a lot of people saying, if i have a reason to sell, im going to take it. With that, jim, well come back to you in a moment. My sinuses are acting up and ive got this runny nose. I better take something. Truth is, sudafed pe pressure and pain wont treat all of your symptoms. Really . Alka seltzer plus severe sinus fights your tough sinus symptoms plus your runny nose. Oh what a relief it is became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. Youre watching cnbc squawk on the street. Live from the Financial Capital of the world, opening bell set to ring in two minutes. A lot going on, not a big economic calendar, but well get glosser and evans today, treasury coming online. By the way, the back end of the week is one to watch. U. S. Retail sales data thursday, ppi, so important, on friday. Writing about the fed tweaking its exit strategy. Expectation inflation, thats the backdrop. Fisher and confirmation hearings. Also thursday. Ed byy week if youre a fed watcher. Richard fisher, on friday, made interesting comments about valuation last week, the market at eye popping levels in his view. So wellliked, i have to tell you. A favorite of art cashin and guys here. They like the way he talks, his view on the world. Always Pay Attention to him