Ukraine and the pro russian separatists. No letup for a bruised market. Ukraine, troops at the border. The futures do rise. It is a money and murder investment, cia kraft will make what is its largest acquisition ever. Citi reports stronger than expected numbers. The stock is rising, headcount may not be. Get a new friend request. Facebook looks into whats next, yeah, a digital currency. First up after a rough week on wall street, stocks are poised to open higher this morning. Retail sales rose a better than expected in march. After the nasdaq closed below 4,000 for the first time, s p and nasdaq each suffered their first Weekly Performance since june of 2012. Jim, on friday, you had a playbook of sorts to get us through the week. Namely around companies that are going to report, coke, ibp, google and others. We are trying to see whether the value of revolution continues. Cocacola i dont expect to be good. If that works, which would be similar to what General Mills had last week and kellogg. Looking at the stocks that are working, its confusing. They tend to be companies that arent doing that well. Caterpillar working. Not doing that well. General mills kellogg, i say working, in the face of nothingness, so watch cocacola. Then on wednesday, what can i say . We are ibm, warren buffet says its valued. We have google, a lot of peel feel its a high flyer, on a 20, 15 basis its inexpensive. People want to say, is this week okay . This is a heavy earnings week. I dont want to ever say its okay, knowing that when you have landmines like we had last week with j. P. Morgan and wells fargo. Its a casebycase. I think its factuous to say we are flying with ukraine. We are fine with Interest Rates going down last week. I think its a case by case. Some people are positive, i dont debt that. You even point out that even though coke may have a horrible number, on the flipside, cng might host a pretty good point. As a dollar guide, a guy behind vzoes. Mcdonalds was chip poetly. People want mcdonalds. People want wendys. I think chiptle has to do a 9 or 10. Too bad we dont have that mir m pyramid with that rotting fetch. People stink from zoes. Back to the broader mark. Those watching high multiple stocks that get crushed every day and holding on to them. They will say, hey, the fundamentals have not changed. The fundament apples have not changed for tesla, for netflix, or you name it. A lot of other companies, a, you agree b as we move deeper into earnings season, therefore, do we get back to fundamentals . I think its entirely possible that what happened that was good for tesla on friday . Ipo frenzy freezes. Four new issues bailened and debuted. We are getting a cessation of supply. We are good deals as we have saber. We will talk about that. If you see an end in pencer selling, if you see a couple days, the hedge funds may end, the ones that hung on high growth are out of the woods, then i think you can mount an up crease. I dont know the answer to that on the hedge fund side. We talked so often about gross exposure coming down, leverage coming down, meaning you cut your risks. You take it down. I keep hearing even today thats happening. That within a certain hedge fund, your allocation from the overall manager comes down in terms of what you can allocate. Whether its events, tmt, whatever the sector will be. well see. On friday, we discussed the core value of discussing the key to the market. Microsoft down u downgraded today. That hurt. Microsoft twitter. Twitter is the one. Twitter doesnt have any earnings. They need to surprise some, somehow. Twitter is now back to where if you bought twitter, you are down. You bought it on the opening trade. You are down. Lets see if twitter can stabilize. I think twitter is the animal that says thats the way too excited retail name. This morning in terms of again figuring out what happens with tesla. Take a look at this gold man sax recommendation of strategists. What do these have to do with each other . It was the beginning of the end of the high flyers. So people recognized that ddd may not be bristolmyers. If we can see strategists stabilize, we see an end of a cessation of ipos. We see twitter do well, periodic soft go down. Twitter is not going to do well until we see the earnings. One of the things that hurt us, hurt the bulls is that there is no earnings of these companies that are. Its earnings rorkts i should say. Its quarterly ohrt. Google is inexpensive on the earning, goggle will be the proxy about whether this group does well. Dont go crazy until you see the whites of their eyes. You see some of these inflation reports. We did get some numbers from citi though. It beat expectation, lowered expenses and fixed income. Revenue above consensus, too. In the earnings release, they said result itself were strong despite a quarter difficult to the company. Last month city failed higher dividends and stock buy backs. You think you said on friday, the number could be good. For the buy back, for the dividend. Stay away. That number was good, interest mar jen up two basis points. That will buck the trend of the bank you see or will see. I think lending is up 7 . Boy, j. P. Morgan wishes they had some of these numbers. In the end, they need this seed car blessing. I think this quarter was a brief for seed car blessing. I want to hear the Conference Call to hear what they think about when people will in the government will say, you know what, the worse is behind them, citi holdings, that can be back on the Balance Sheet. I think the amazing thing was more with less. They simply didnt do nearly as badly as i thought given the substantial revenue decline numbers. You go over if release and many of the lines decline, but in the end, they made more money than i thought. That was a quick thing. Although, you continue to have concerns about the management of the company. I dont want to put words in your mouth. But i do listen occasionally or all the time to what you say. You have question bantam x. Questions to various allegations, obviously the failure on the ability to return capital. And whether or not they can execute, even though you had been more positive earlier on. Yes. I had felt there was this kind of a quid quo pro, which is you get rid of pand it, sea car will bless you. I was shocked to see there was no quid quo pro because of the mexican investigation . Was it because of regulation . I thought corvette was going to get the pass. I thought they were going to say citi board, you have gotten rid of the guy we didnt leak. That didnt happen. It took me by surprise. Maybe they see capital issues. There is clearly no exam issues. Right. Then you have to default to regulatory. I think this release did not address regulatory. You said by wednesday when bank of america posts, we might hate banks so much that we could do okay. Bank of america is trading up. My scenario is they will be down to 15 and a quarter, 15andahalf, trading up is. Any time a company is traded up in this era, ahead of the quarter, we have not had that great luck. I think you feel better after seeing citi being good and wells being, lets call it this, great. Wells is great. Up potential Growth Without the regulatory hassles. Over the weekend was the line is they are getting into riskier auto loans, these terms are stretching out. John stump knows how to land. John stump is going to be the subrose and greatest banker this year because they never shot their feet. They had some rec latory issues. I see you raising your eyebrows. Okay. He is from a dirt farm in minnesota. Lets say he is humble. Wells fargo wagon. They carried guns. A john ford angle that i hadnt thought about. Stagecoach. Right. That was a gad quarter, wills. Lets move on, cia kraft confirming they have an investment. That includes by the way about 3w48 in debt. It brings tiaacref to 800. They continue a big player with over 40 of assets in that area. Meantime, Glencore Xstrata selling off its la bam bas to a Chinese Consortium for 5. 8 billion. One more deal that broke a hostile in bermuda ens. Really . Yeah. Bermuda insurance, thats where they hide. They propose to inquire 47. 50 in cash and stock, a 5040 split stock and cash. They would raise about a billion dollar additional cash from issueing shares to cdc Capital Partners 1. 5 billion. To engain with aspen a confidential and friendly dialogue of the xa companies, but, of course, they havent been able to. They come with a pullout on a hostile bid of 47. 50 a share. 8826. Lets keep an eye on shares of endurance this morning, see how that performs and what the responses theyre saying overall. The premium to the closing sare price on tried. Whats the history of hostiles. Its a book value. Interesting you say that, in fact. Thats right. Allegheny is buying, bought transatlantic in november of 11. I believe both began as hosti hostiles. They were all domiciled. It must be, they saw the hedge funds. There is a benefit for them being a part of it. It must be so hard to work in one of those insurance companiesch i think you have to go to bermuda every week. I think thats the rule. I think you have as to play at the oyster bay, what is that club when we go. I forget. Bermuda is better, a little colder. The beaches. Right. It is amaze, thats what they have to do. They have to go to planes and go there. Bermuda. All right. Facebook and amazon said to be staking out new territory. We will fill you in. Also ahead, a first on cbc, darren huston, his first interview. Futures look okay here the nasdaq, of course, coming back from falling below 4,000, the First Time Since february. More in just a moment. In just. We did a 27point inspection on your chevy,ce, you got new tires and our price match guarantee. Whos this little guy . Thats birney. Oh, i bet that cone gives him supersonic hearing. Watch what you say around him. Ive been talking a lot about his procedure. whispering what . Get our everyday price match guarantee plus a 100 rebate on 4 select tires from your tire experts. Chevy certified service. Keep your eye on twitter today. Bun of the bearish points on this stock has been the lockups for mostly in may. But jack door see, evan williams, the cofounders and ceo out with an ak saying they have no plans to sell their twitter shares, earliest would be 90 days after the next open window. I have been saying the pencers have to stop selling. They isnt sold. One of the things i think we all felt victimized if we like the market is why do you keep selling . Are you recreateing year 2000 when the secondarys never stopped, you would see deals like boxer jets. There was a secondary that occurred at 15, a 3d wenting company. This is bull issue need pencers to say our stock is too cheap. I want to remind you what zuckerberg said. We didnt mention qe if europe. Which doesnt change the tone, ukraine obviously the other side. I think this is a significant announcement. It may bring a series of announcems. We will not sell. Our stock got down to how much you would like to see that on a software as a service company. In the meantime, we are rolling off the coverage on things like paylocity. You look at where the stocks went to, theyre horrendous. I dont care for them. On 26th, its all about user growth. You can point to a lot of other metrics where theyre going. This is the key question. Doesnt this say perhaps your unit growth is not as bad . I dont know it says anything but a good way to say your stock doesnt decline. Its better than firefly. It is. Flunkster. You dont want to go to the splunkster. On twitter, i wrote dixie has no plans to sell. Someone writes back, unfortunately, at the moment, everyone else does. Thats good. Offering perhaps were at a shortterrell bottom. When we come back. One more look at the market. More squawk in the street back in a minute. In a minute. [ music playing ]. All right. We got about eight minutes before the opening bell. It is a monday morning mad dash time. Edwards lifetimes, why do these matters . Visa and master card, visa and master card are the two stocks people have been really worried about. Theyre big favorites in the dow main, people are worried about credit cards and j. P. Morgan. This is a baird upgrade. No one feels they are getting back if business, straight out they like it. I always find that very convincing. I like visa here. Its down too much. Master card missed the quarter. I think theyre cheap. Now, lets talk about a big win, the stock up the most today, edwards life science. The ceo came on and said we will have a gigantic win against med tronics. These guys too, actually. Hard fouls without cracking opened the chest. This is the way to do, open heart surgery without having to open the chest caf di. They have a product, metronics has a product. They have a preliminary injunction almost unheard of to say, you are shut down, edwards life science claimed they can get this on air. I didnt think it was possible. Its more bullish than thought. They have the best advice, by the way, this is baby boomer play. Cracking the chest plate opened when you have people in their 70s and 80s is often fatal. They ween have to. Watch this, it is not done people woifrd about the product, the stock was up there. I think the stock goes above that. I think you can go to 100. This is a very big product. Preliminary injunction means metronics you dont have gain. Listen, lets go to trial. So maybe the intellectual property Life Sciences is better. A lot of guys are bearish. You have to upgrade. Plus 9 makes the analysts go up. Watch edwards life science, a great company. We have another important day, the markets are opening up this monday after some losses last week. The opening bell right here on squawk in the street coming up after this after this drivers, tgo our marks. Its chaos out there. But the mclass sees in your blind spot. Pulls you back into your lane. Even brakes all by itself. Its almost like it couldnt crash. Even if it tried. The 2014 mclass. See your authorized dealer for exceptional offers through mercedesbenz Financial Services. But with so much health care noise, i didnt always watch out for myself. With unitedhealthcare, i get personalized information and rewards for addressing my health risks. But shes still gonna give me a heart attack. Thats health in numbers. Unitedhealthcare. This is mike. His long race day starts with back pain. And a choice. Take 4 advil in a day which is 2 aleve. For all day relief. Start your engines [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. You are watching cnbc squawkon the street, the opening bell is going to ring in just about twoandahalf minutes. Financials is doing okay. Citigroup numbers came in ahead of expectations. The efficiency numbers were quite good here. I remind people you need to have that buy back in order to get it going. Its going to color the whole group. I wouldnt be surprised if j. P. Morgan didnt do as well. We dont have the comps yet, the levending here is good. They did a good job. Otherwise, people all over med tronnic, for savings. You think that people listen almost too well. When the ceos of people, of course, theyre theyll never email me again the ceos watch the show. Im always glad theyre not watching the 9 00 today show. You know how many banks i said. I felt like you will never get a job selling suits. They can that off your pumper loafer. Jim, last week, it seemed like it was analysts defending growth names, today its analysts taking down ratings for value names that have done well like this deutsche and microsoft product. Thats important. You need to see a reversion to growth. It aint going to happen. You got to stick with value. Intel is going to 26. There is nothing great happening until they have a restructureing. Hewlett packard, if they would not go up for a couple of days and sales force went up, youd see a little reversion to growth. But the pencer selling has to do. Everyone has to do what costco is doing, basically say, im not selling up here. It is marketedly distinct, the difference between old tech and i hate to call it that. Ibm will say, were the largest Cloud Company out there. Okay. So were ibm. Were bigger than. Microsoft says theyre Cloud Company, for a few weeks, you would chase meatballs thrown at you. All of them are up. All, of course, the names, such as that. Value. I love the little bit of growth. Not just cost cuts. If i want one, ill go to kellogg, which people are seeing could be a high transaction day. By the way, rumors, nothing behind it that im aware of. We will not, once again, he does not let the facts get in the way of the story. I find it allowing. On television. Kelloggs, one of the best s ps of the week. I went to see buy one, get one. They have like those, theyve had them for 20 years. Guys like me, you are fabulous, granola, now ive gotten through the jar. So im desperate. I will tell judy. Her granola is so good. You are very kind. A lot of green on the top of the green, belgin used in broadcast, enterprise and industrial applications over at the nasdaq pharmaceuticals doing the honors there. Facebook will be one of two. This piece about them getting into mobile payments. Growth had a rough week. Facebook closed it up 3 . Charitable trust, they did acquisitions, very reminiscent of 2000. I feel the payments in a major area. I know a lot of the guys, oh, if are you dominos, you advertise in facebook. You may in bais facebook. This is another calgary to pay pal. I continue toty they are much more challenged than everybody realizes. Why . Everybody wants in that game. I know home depot uses pay pal, facebook is kind of universal for this next generation. My kids would feel much more comfortable paying with facebook than with people have been saying cash is dying for decades. Well, i mean, play on paper. Checks are still dieing. One of the reasons why people like master card and visa, is they forget people that sell it forget that oversees, paper is still more prevalent. Vis sars, mastercard, pay pal, not a bad company. I think facebook, you know, this is the kind of thing people can hang on and say i will buy a little facebook. They have underperformed the s p 17 this year. I am shocked. Mastercard did miss. Visa blew the numbers. Thats been one of the things its the hallmark of this period. We havent had any differentiation. Like the difference, finally we get positive news about competitors not doing that well. Its not just someone looking to hang their hat on anything to recommend a biotech. Theyre down more than 20 . People have been waiting to recommend down 20 things. I was serving a little breakfast. I saw the picture on twitter. They did not cut my fingers. We had gotten a yelp, one of tear paymenters saying, listen, three months, get a special deal. I was panicked. My hotel said we get that every day, only you would react to the stock. You are reacting because of your xeerns at the res