Near record 10 Million Barrels a day. Of the 50 or so oil related stocks that i follow only about ten, 20 are up over the past month. All down more than 20 . Goodrich petroleum down more than 40 . One group that has been completely i think ignored, the offshore drillers. Theyre down worse, when youve got the hercules offshore. You cant even mention it now. All difficult. Ensco, a very modern rig system. The number of rigs coming on is shocking. People dont understand its about supply not necessarily demand. The tenyear treasury yield at 1. 92 or so. Again, down from our recent highs. But lets not forget jim. Yes, were down in the near term, but were actually higher than we were by about 30 basis points for our lows so far in the year. Excellent. Also in our road map this morning, shares of Gilead Sciences are down. Could be the big stock story of the day. The Company Warning of complications related to its hepatitis c drug. Chuck schumer calling for an investigation into Lumber Liquidators and its products. And starbucks ending the ride of race together on customers cups but Howard Schultz says the campaign will live on in other forms. Meantime, we begin a new week for the markets. 22 points away from the nasdaqs alltime closing high of 5,048. The alltime intraday high was 5,132. The dow and the s p coming on their first weekly gain in the last four weeks. As we noted, crude oil is pulling back again this morning, after last weeks 2 gain and no matter how low oil goes jim, the producers here the producers in america, the producers in africa nobody seems to really want to cut production. Saudi arabia getting close to 10 Million Barrels a day once again. They dont care. No but the 42 43 level has been sticky. During your show on friday thats when the spike came up it was an expiration day. The one thing i will point out is the really great guys i deal with, mr. Mears, and rich kinder they have said theres real demand at 4243. That is when nonhedge funds come in, but actual buyers. Keep track of that level. It has held twice now. There are two important things also to watch for in oil. And ive been the oil geek here. Youre not a geek. This is so key to this market. Yes, it is. I think so. Ive been out there saying i think theres some its not just lower gas prices. There are negative impacts. A journal story today about how Business Investment has been reduced. Weve been trying to report on this for a few months. Youve done a great job. You understand that when we see a cutback, and youve been in midland, youve been to these places, these are growth areas and we could see we saw some texas Federal Reserve numbers last week that showed there is a slowdown. We make it up with the dardens of the world, but lets keep track of it. This is where employment flourished. 23 of all new jobs created in the last five years have come from texas, so the thesis is this. As the numbers come down will it skew the data to give us a false read that the u. S. Economy is slowing down . Well wait and see anyway. Two things with crude oil. Number one, theres a law up in north dakota that if your rig is shut down for a year, youre done. So theres some concern now that as people have laid down rigs in the fall as we roll into the summer, youre going to have to see people drill a well. Because otherwise theyve wasted their capital spending. But take a look at ksu. They preannounced. Why . Because of energy. Typically, what happens is the rails have had a lot of Different Union pacific, this gives you a chance maybe to buy it. But theyre in fracking. Talking about how fracking sand has just decreased dramatically but, of course the wells themselves are using more frackingfrack ing ing sand because theyre going after high gradient. This is a convoluted way of saying production is so not peaking. The two words you just mentioned, if youre interested in oil at all, high grading. High grading is basically going after your most productive and cheapest cost of production, so you shift from over here to your best wells, and thats what weve seen, so people are getting greedy. That ones at 35 bucks. Lets just move it over here. Right. The saudi arabia news is very negative. Although no one really expected them to blink. It just comes out that nigeria is going to add no imports into this country. Mexicos fighting for share. Canadas fighting for share. Gasoline not going to go up. Theres a Goldman Sachs note saying, you know how they word these things, they said theres a Downside Risk to their 65 end of year price target for crude oil. Its not going to bounce back like that. Mr. Moncrief said it will push back. It was tremendous. I think that were going to have a lower price for a longer time than people realize. Okay. I would agree with you, by the way. Based on what weve seen. And youve done a ton of work. Nobodys cutting production. Nobody. And the one country Goldman Sachs noted i think it was barclays or goldman this morning said youve got to watch libya. Libyas been swinging by about 500,000 barrels a day. So its kind of like which way is libya going to go . Actually may have an impact on your market. What else is on your radar . I think its time to not buy biotech. Some interestingly negative news on Cystic Fibrosis. A gilead call. Seems very minor to me, but it doesnt matter, its going to drive the group down. We are seeing i think we in the Biotech Sector j. J. Was on. Been on a big run. Why . Because of takeover talk. If hes on squawk, theres no takeover coming. Its peaking right here. A downgrade saying enough is enough. Just be aware. If you havent bought from this group yet, youve got time. Going to come in a little. Biotech. Yeah. The numbers have been theyve been staggering. We tried to do this on the show friday, and i didnt want to use the b word. I didnt want to use bubble. Because i have no idea. But the statistics on the number of companies that are not only up, but up double digits this year, i said this and tell me if you agree. I dont know whats beginning to happen with most of these names, but i do know this. 90 of the drugs are not going to become blockbusters, period. The markets trading as if they are. A lot of these companies have really terrific formulations that are in phase one and phase two. So many things can go wrong in the interim. I mean thats a company i think has a shot at making things big. I think cautions as warranted there as the oil stocks down 20 , 30 , might get interesting eventually. I just dont want people to get hurt. Okay so i just you probably saw me counting on my fingers and toes. Ive got all 150 members of the ibb in a screen here on my fax set. The month of march, there was 140 stocks on my screen. How many biotechs are down this month . 12. Out of how many . 150. Thats that just shows you a little overheating. I dont want to call it the end of the world because then you suddenly find pharmacyclics. So this group is just frankly, what you have to do is watch the crosscurrents. These are battlegrounds, and before, there were no battles. 12 stocks of those 150 are up more than 20 this month. Theyre up 62 45 34 and 37 , names ive never even heard of. But now i have. Theyre very big on needs. Immuno therapy. I just noticed that health care is very expensive, but health care seems to have won in this world of health care versus oil. I know they dont sound like that they should maerkttter, but theres big money going into health care, so youll see a lot of the Health Care Stocks percolate up. But thats a totally different skill set, right . I know some really smart people in health care. They know they put gasoline in their car. Thats about the extent of their Oil Knowledge and vice versa. But i think they come back to Cardinal Health they come back to amirisource bergen. And theyve rewarded them. Biotech into this. Im just saying when i hear the numbers that you just gave me i feel less confident plowing in right now and would like a pullback. Even regeneron. Hey, give us a chance here. Let it cool. Theres nothing wrong with that. Other places to go. Noted. Mankind, by the way, the worst performer over the past month. That is not working. Their breathalyzer is not really working. I want to get the right use for that, but i have to tell you that mankind is not the place. Lets move on to the company that were drinking. Starbucks announcing that its baristas will no longer be asked to write race together. The coffee chain will continue other aspects of its campaign aimed at sparking discussions about race. Just days ago on a fine program you may have heard about called mad money, he defended his companys race together initiative. A. L. All were doing is potentially do something catalytic to start a discussion. Were simply trying to raise the awareness, the level of empathy and compassion necessary to bridge the Cultural Divide that exists in this country today. If a customer or a barista wants to opt out of it it is not mandated. Its simply an act of kindness. So that ends now. Whatever you think about the initiative its taken a lot of criticism. No matter how good of a thing you try to do youre going to get slaughtered by it. Mankind and diabetes its a breathalyzer. Just pointing that out. You cant know every stock by heart. You have to. You know about 3,900. Ill give you a break. So this i didnt know that the right on cop part was going to end here. I now think that the next stage for this if i were mr. Schultz is what larry cramer is doing in usa today. That was a very thoughtful section with conjunction with starbucks about knowledge of race which i think is so important. So knowledge of race in a multimedia way, and starbucks sponsoring that, is i think welcome. I think this was a difficult issue, the race together issue, is theres many reasons we all feel at home going to starbucks and i think it made some people feel less at home. This is a huge topic. Its hard. Were a business program. The stock has not seemed to be impacted. Look hes trying to do a good thing. And were leaving it at that. Trying to do a good thing is a good thing. Im not saying trying to do a good thing is a bad thing, because thats oxymoronic. But i also feel its something you talk at home you talk at school. Its easier at home to talk about because you want to tell your kids how you know whats the right thing to do. Than it is talking coffee. I think the one thing weve learned last year in particular is that in social media, everythings going to be a controversy in some form of fashion. I have villanova in one of my pools. Oh cramer you better stick to stocks. Just trying to have a little fun. Right. But, you know, karen cramer always had a good view on this. She said, listen unless youre a rhinoceros shut up. Ive got the greatest tweet ever to read to you. This was directed to me and squawk on the street. Whos the idiot producer that selected loud mouth sully cnbc to facilitate this morning. Not interested in his diarrhea mouth. Is there a biotech that can cure diarrhea mouth . Im going to go with parago. That might be the way to deal with this. Youre good. Coming up the coauthor of becoming steve jobs says it is the first book to get it right. And as we head to break here we are very fracturely down. More when we return. Say youre a finance guy. A farmer. A researcher. You used to depend on experience. The internet. Your gut. Today you can use ibm watson analytics. It can make sense of all kinds of data. Uncover hidden correlations and new opportunities. And give recommendations with more confidence on who will buy. What to make. Where to plant. Which helps you make smarter decisions. Theres a new way to work and its made with ibm. And watch shares of Lumber Liquidators once again today because Chuck Schumer is calling for the Consumer ProductSafety Commission to investigate the company and its flooring that is made in china. The democrat from new york wants the product tested and ordered it recalled if it is deemed to be unsafe. All of this, of course comes after a recent 60 minutes report suggesting that the flooring did not meet key environmental standards. Jim . Look the company has said that anybody who wants it tested, theyll test it. The company has been very forthcoming. Do i think the company has survivability . I think that we talked about it endlessly on the network, that this is a senator calling for an investigation where theres been an investigation. Weve learned that congress they listen to what the shorts say. They listen to what the media says and they call for investigations. Its kind of the process. I dont know whether they can get any more on limber liquidators, but its a pretty wellplowed field. So it sounds like youre not too concerned about necessarily another knockon derivative effect because the investigations are already occurring. Exactly. I think what happens is if you own Lumber Liquidators, youre either completely unconscious and in a comatose state, or you recognize the risk. And anything between that is just ridiculous. All right, pepsico announcing it has appointed Richard Fisher to its board. Just days ago, he retired as president and ceo of the dallas Federal Reserve after a decade on the job. The pepsi ceo says fisher brings a deep knowledge of financial matters and breadth of Global Experience and expertise in International Trade and regulatory matters. No doubt, fishers a smart guy. But does he know the soda business . I think that ingenuity trying to build a board of people who really have a more broad look overseas. And domestically in terms of finance. Economics. I will tell you that Richard Fisher i have said on this air that he was often wrong, because hes antiaccommodation. I add him to the pepsico board for that. You add him for his ability to provoke discussion. Hes probably one of the foremost discussion provokers. What is he going to bring to the board . How do we market frito lay . How do we move volumes and cases of pepsi and diet pepsi . Theres sometimes more to it than you want a board member whos got a worldly view if youre an international company. I think when you look at boards these days youve got to have a multinational perspective. Would he be my choice . I dont know. Hes a smart guy. Bottom line do you think he will give pepsi shares a pop . No. If you buy it on that, wow. That would be a bad call. Buy pepsico because it is done very well. There are people on boards who are academics, and they often dont bring anything to the bottom line but theyre provoke provoking in a room. If youre a big building national, you want to have a little radar screen on that. Fair enough. Up next it is jim cramers mad dash. You see how short i am. Thats the key reason why we have the segment. How short i am. Only on mondays. This monday, as a matter of fact. Were going to count you down to the opening bell. Take a look at the futures as we head to a break. The s p and dow may open a couple points up. The nasdaq may open a couple of points down. Interesting individual stock stories. More squawk on the street from the nyse right after this. When the moments spontaneous, why pause to take a pill . Or stop to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. vo rush hour around here starts at 6 30 a. M. On the nose. But for me, it starts with the opening bell. And the rush i get, lasts way more than an hour. announcer at scottrade, we share your passion for trading. Thats why weve built powerful technology to alert you to your next opportunity. Because at scottrade, our passion is to power yours. All right, its time now for the mad dash. Lets get to a couple stocks that need to be on your radar. Cyberark. A great growth stock group that has been in a funk. Cyber security stocks. Bank of america says this is the time to buy. I have to tell you, this group is redhot. Remember Palo Alto Networks and fire eye, they will also go up on this call. Stock number two this morning. Okay heres one thats been sitting there, yahoo. Merrill likes it. This is the first time ive heard this in a long time on an earnings basis, they are saying tumblr is going to be a material Growth Engine for yahoo. So its not just japan and alibaba for once. This is so important that i want to show you how i want to get the attention on this yahoo call. This is me really. Its okay. Is it . I drank a lot of milk. Its an orange crate cart. Whats our third stock . I mentioned vertex. Going to be down the most because of some issues with a Cystic Fibrosis drug. Dont panic. This is the pullback in biotech. Expect it. Live with it. Well come out of it. Just got an email based on our conversation earlier, 70 of the ibb is up over 50 weeks. Youve got to be kidding me stock four. Im trying. What can i say . What can i do . Give me the box. Carnival downgraded by deutsche bank. I dont know if thats the right call. Is it a dollarbased call . So smart. So smart. Or just a lucky guess. They are building ships now that have so many people out of royal caribbean. I dont know i dont know. But other ships are built in the eurozone though. You are building a ship thats being built in euros, too. Theyre all built in italy or German Shipyards for the most part. Whats on mad money tonight . We have 3m. Thats rare. A rare interview. Very rare. And such a great guy. What a great multination