So different from the pattern ago. It says aggressive discounts won over cust mers reporting a but so engrained in the company and has been very involved with quarterly loss and the stock moving on all of these numbers. The marketing part of the turnaround. Fourth quarter in a row of seven in other words the positioning. Hes kind of an old hand, a figure gains which is mind young guy. I know they were talking earlier blowing. You got to read the release. On squawk theres never been a called the uncarrier and talking about average revenue was not procession where there was a great ceo and followed by a down, it was people looking for 49. 8. Great ceo at ford. 50 million customers they have i like fields. Well talk to bill ford at and added more new customers than the rest of the industry 11, hear from mulally at 11 30, combined. Its amazing. There was an expectation when phil lebeau is on assignment in West Hartford tweeting not just massa son from soft bank took over they would be the insur fields but the legacy of mulally himself and the way he turned those losses around after 2008. Insurgent. That has not happened. If theyre doing sell so well, yeah. You look at the numbers, carl, why would they enter into a and its pretty striking. Merger agreement as well may be keep in mind that ford not only the case with sprint at some had its own problems but you point, given the antitrust started to see the implosion of potential antitrust the u. S. Auto market between implications of that and the fact it might not happen. 2006 when alan mulally came into why would they if theyre having such success. What i hear is while they are ford, and 2008, which was the worst of the days for the auto having incredible success as we industry. Ford lost 30 billion. See reflected in the earnings now a lot of those losses were they will run out of road. Always happens. Only so much in your balance incurred as the company was trying to transition and grow sheet. Only so far to go, and and downsize, but you go from eventually its going to be much 2009 all the way through the more difficult. First quarter of this year, ford and one plus one may equal made 42 billion. So that gives you some indication of the transition 2. 5 here. Under alan mulally that ford sprint had a build out. Okay quarter. They could use all the help they made from really just being a can get. An owner in deutsch that does money losing operation into one not want to put more capital where it has been steadily into the United States. So important. Its kind of vodafone at t. Profitable. On stage at the ford how a deal would be headquarters you will see alan structured with sprint and what mulally, bill ford who is the it would look like to try to chairman and theyre beginning the press conference, and mark offset any concerns about fields the coo who will become antitrust denial would be ceo effective july 1sts. Interesting or do you get a merger of equals where john its not surprising theyre doing this in the main ledger returns it. The likely that ledger would run auditorium. Every time ford has monthly earnings, alan mulally holds an a combination likely than the current management at sprint. Employee town hall meeting in ledger, how disruptive of a that auditorium. Ceo he is, he tweeted we have ive been to some of those. The great thing about those meetings, any employee in there outpaced the competition 12 can stand up, say hey, you know what, alan, i have a question times over. And he takes all questions after i blank you not. Hes been outrageous forever, those meetings. He sits and he meets with all the minute i met him. The employees who want to come up to the stage and meet with one of the more a break the him. This is very important, i think, mold ceo perhaps. Both for alan mulally as well as but sprint tends to take a longterm view right there. For bill ford that they show there is a smooth transition, massa son, 300 year. Something that we rarely see in the Auto Industry from one ceo 300 year approach. Longer than boeing, longer to the next ceo. So again, theyre going to have term play. And exxon 50 year. This press conference really its an employee town hall we are going to talk to john legere later in the program. Meeting for the employees at the hes a hoot. Stay tuned for that. Headquarters and were going to be talking with bill ford, first well get stop trading with jim, on cnbc, at 11 00 and then well dow still up 10 points. Be right back. Be right back. Be talking with alan mulally first on cnbc at 11 30. Back to you. Thank you so much. You know, phil mentions the need for a smooth transition, guys. There was a period in there when mulally was flirting with microsoft where it wasnt guaranteed this was going to be smooth. No. And that whole period both for was not a distinguishing period for microsoft and i didnt think it was a terrific whon a certified preownedan unlimitedmercedesbenz . Nty period of ford. Been a backer of alan, made no secret of that. What does it mean to drive as far as you want. This was convoluted and i think both Companies Benefit from the for up to three years and be covered . Idea things are straightened it means your odometer. Out. I think microsofts problem was is there to record the memories. Microsofts board. They have to get it a little during the mercedesbenz more tight. Certified preowned sales event take a quick listen to see now through june 2nd, youll get complimentary prepaid maintenance what ford is saying about and may qualify for a twomonth payment credit. Fields. Was developing the next generation of management and how only at your authorized mercedesbenz dealer. Important that was. And that we and so that we could have ultimately a smooth transition. The other thing we talked about, though, was the ford culture and i spent a lot of time talking to alan about all the great things about the ford culture and the not so great things about our make it happen culture. And we talked right then about with fidelity active trader pro. The importance of changing the its one more innovative reason latter. Serious investors are choosing fidelity. We had to remove the things that call or click to open your fidelity account today. Were standing in the way of us achieving greatness. So here we are, eight years later, and you did it. We did it. [ applause ] and thats why this transition is as we said, well hear from bill ford himself later in the show and alan mulally at 11 30 eastern time. In the meantime move to the markets. The dow coming off it first female announcer sleep trains interest free ends sunday. Record closing high of the year. Its your last chance the blue chips finished april to get three years interestfree financing with a Third Straight monthly on beautyrest black, gain as did the s p but the stearns foster, nasdaq down 2 . Serta icomfort; meantime claims unexpectedly even tempurpedic. Rose ahead of a fridays jobs plus, get free delivery, number and exxon mobil leading and sleep trains 100day low price guarantee. The earnings parade beat the but hurry sleep trains interest free for 3 event, street. China pmi under whelming. Ends sunday. Ukpmi. Thats one of the great sleep train turnarounds. Your ticket to a better nights sleep fivemonth high. A lot of their banks are turning around, by the way. Lloyds good numbers and retail sales over there, some of the stories stores are very good. Trwith secure wifie for your business. Theyre doing stress tests on it also comes with public wifi for your customers. Banks. Barclays seems to be going not so with internet from the phone company. Through changes. Boy, you are polite. I would email the phone company to inquire i have to learn to be as polite as to why they have shortchanged these customers. As you. I would never get in trouble. Have you gotten in trouble but that would require wifi. Lately . Er switch to comcast Business Internet er. You never know. Everything is about sell in and get two Wifi Networks included. May and go away. The statistics about the six comcast business weeks beginning in may, the built for business. Worst of the year, you have to get through that, right . If you cut back the ipos which is what they had of what theyve done, that actually helps the may case. I have a thing i do with that. Sell bad stocks in may and go away. Its a twist on that. The ipo calendar has lightened up. The calendar box and the journal today. It is time for cramer and there were three major stop trading. No longer a turnaround, its obstacles to the market going up. An earnings story. Drop box, box, and air being right aide, samestore sales, beat. 5 . I was looking for 3 to 4 . All had 10 billion valuations remember its now an cvs, wall in the last round, all three in the last 48 hours. Its not just box. Drop box, little interview, little website, theyre green, and rite aid. Postponed. Say postponed they never come yesterday a bad number from express scripps. Looking for a challenge number out and say maybe we dont need from mckessen. The money. Maybe dont need the money. Cigna fantastic quarter. Theyre being beat 10 billion hmo winning, drug store winning, middle man losing. Valuation. Switch to the what i call the algorithm of the internet. There is a great deal of you saw yelp do well. Hubris and money being made by the firm. What happens . Its almost as if the machine sequoia, holy cow. Says yelp good, we have to buy oh, my lord. Geez. The returns theyve had are facebook, work day, concur and whether whatsapp also. This is whats happening. Its incredible. Billen there alone. A move all at once in the the returns on some of their funds that alone, that one investment, what it did for the internet two names. If fund it was a part of is interesting. What do you make of the virginia astonishing. And that really turned a lot case where theyre suing some of of peoples heads but also may the reviewers for defamation, be along with the sales force. Com, february 28th, thats free speech case. Yelp, i thought stoppleman when it all began. Did a good job. The whatsapp, sales force, gave you a percentage of how many are negative. Gap up after the quarter and then slammed down. Germany are doing more slamming there than in the United States. When you say that theyre talking about throwing out the look, yelp is is it an honest high multiple stocks, the high growth started with sales broker . Yes. The change, the significant i have 4. 5 stars right now. Change in the market in which ve in the restaurant. Weve seen. Yeah. Whether amazon or twitter. What happens if that falls . Or yelp. Ill tell you what i think of three upgrades of yelp today. Yelp is theres a lot of yelp if that falls. 4. 5. People saying look at yelp. I thought can you get 5 . See, the exact opposite of all guy came in and did 3 and the others, amazon which went up blamed, you know, i dont know big after they reported a sales said that i wasnt hosting well. Force. Yelp went down immediately. As soon as the release came out. Hosting last night, did a darn first time. Good job. First time the stock went down. Whats coming up on mad okay. Money tonight . Two companies that reported. And then gap up. That is a completely different dynamite upside surprises. Pattern. One is reacting positively, the do you hang your hat on that . You do say we dont have three other is reacting negative. Now theyre both negative. 10 billion deals coming that very interesting. Were going to be an abomination harman and dominos reported i felt. Upside surprises that were up, yelps pattern is different. Remember a lot of these stocks stocks up, getting hit. Thats the old pattern we are broken and i had concur on experienced with the yelps and last night, a good company, they concurs. How about this. Reported a number that was what old economy not doing as well people were hoping for and a little more and that got slammed today. Look at clorox. Another one that people thought, down. But it did come back at the end of the day. Hey, you cant miss. Thats an unusual pattern. Watch the patterns. So lets see, i happen to be big believers in harman and dpz. Everyone is saying its the ball game over, just when yelp gaps not giving up on those. We have to learn more. Up. I thought there were problems finally after this weeks gdp with the yelp quarter. I didnt think it was as clean number, heres usa today as some of the other quarters. Despite chilly winter the u. S. Theres a little sentiment change now that three 10 economy is heating up. Billion deals are on hold. Is that how you see the the market could not handle remainder of the year. That. Im told mulally is coming to april a strong month for a the mike. Lets take a listen. Lot of companies. Earnings up 1. 4. Im not giving up on this economy. Thank you. I think that the retailers have all said april is better. The restaurants saying april is okay. Make mis my eyes water. Better. So i think that april is going bill, thanks a lot. To be back to normal month. I just want to maybe just a well see tomorrow if they nail couple of thoughts about that the number. Theres a lot of good happening first day. In the economy versus happening as you know, when i got a call with the weather. From bill ford, i didnt reject algorithms, david. The call because i just found it algorithmses. So interesting, because this is wonder how they structure that. The ford motor company, you what constitutes the highest know, a fabulous american and multiple you would have in the global icon, and here is a great basket and how does that work . Enterprise divided by sales. Right. Is that what the metrics they grandson of henry ford that was calling. Ill never forget when i arrived us. And its the average historically for the last ten at bills house, he welcomed me years f you take out last year, in. We sat in his living room and thats bubble inflated, 7. 5. Within a couple of hours, you all know bill, hes just hes Morgan Stanley has done fabulous work. Something happens you buy a neat human being, so that basket and sell the knowledgeable about the otherses. See you tonight, jim. What a show. Business, shared everything. You got that right. When we come back, rbc clearly had some claelgss. Talking about yelp. One of three upgrades today. Had a clear vision about where he wanted to take ford going well talk with mark about that. Also ahead cignas ceo david forward and cared so much about our customers and our dealers cordani on his companys results and our suppliers and our and Health Care Landscape in a minute. Minute. Employees worldwide. And i think we came to agreement within like a couple of hours and as bill pointed out we agreed on three fundamental things. One, that we really wanted to pull everybody together around a compelling vision and a why relocating manufacturingpany to upstate new york . Comprehensive strategy for ford Going Forward that would create i tell people its for the climate. An exciting, viable ford, and the conditions in new york state are great for business. The next thing we agreed on was new york is ranked 2 in the nation the Management System that bill referenced, that we have a for new private sector job creation. Method and a process where and now its even better because theyve introduced everybody would be included, startup new york dozens of taxfree zones review the world every week, where businesses pay no taxes for ten years. Move decisively on the actions youll get a warm welcome in the new new york. That needed our attention and continue to create a viable, see if your business qualifies at startupny. Com profitable growing company and we would actually change the culture as bill said because he was very clear about the opportunity to do that and if we were going to reach the greatness, we really needed everybody working together and we established the expected behaviors and then the last one that i just thought was so fantastic was his comment about the Leadership Development and ford is always attracted the best and brightest. Here they are. Its just fabulous the tallens that ford has talent that ford has. Leadership and Development Program for every person in ford cozy or cool . And especially the leadership meow or woof . Team and the ceo succession and exactly the way you want it. Until boom, to do Something Like bill said its bedtime that had never been done, to your mattress is a battleground have an early succession, not of thwarted desire. Enter the allnew sleep number classic series. Only at Ford Alan Mulally who will exit as designed to let couples sleep together in individualized comfort. Fords ceo beginning july 1st starting at just 699. 99 for a queen mattress. Putting Closing Remarks on that chapter, amazing few years hes hes the softy. His sleep number setting is 35. Had there. Got some people say just got youre the rock, at 60. Lucky did that big financing and snoring . Right before the downturn. Others have said that he did the sleep numbers even got an adjustment for that. Find your sleep number setting only at a one profitable growth. Always talks about pga. Sleep number store. I think the stock has got to know better sleep with sleep number. Move. Its been flat lined at 15 for a while and not that its a what have you done for me lately business, but they didnt file. They didnt file. They did not file and the government did not own them and the share take has been good and the cars are better and alan mulally promised on mad money actually that he would not leave until europe was steady an it looks like europe, i think the losses have bottomed. Latin america such a black hole [ male announcer ] great rates for great rides. That was hoping to turn around. Geico motorcycle, see how much you could save. I think ford is in good hands. Is it my favorite stock . I think its okay. Its okay. Theres other companies doing better. Yeah. When we come back, this morning, tmobiles Ceo John Legere whose company has been the subject of some takeover speculation, wait up till you see what he says not just about the quarter but the customers ads pacing the competition. His tweets are classic. Love following them. Hes blast, that guy. Sigmas ceo will talk about the health care law, the dow beginning the day at a record high for the first time this year, s p needs 7 more points. Back in a minute. A minute. Ic welcome back to squawk on the street. We are awaiting march Construction Spending. April ism. Defiance is in our bones. And the statistics are, 54. 9, defiance never grows old. Citracal maximum. Calcium citrate plus d. Highly soluble, easily absorbed. 54. 9. On ism. What were we expecting . About 54. 4. So its definitely a bit better. announcer scottrade knows our and invest their own way. Last month, 53. 7 unrevised. With scottrades smart text, i can quickly understand my charts, and spend more time trad