Mcdonalds joins walmart, gap and target announcing a wage hike for 90,000 employees. The ceo saying its all about the turnaround. Europe going big against google. Reports the eu is seeking a 6 billion fine. Does google in fact have an antitrust problem. Futures are mixed after the first trading day that q2 had. Saw losses on wall street. Oil prices pulling back as investors await the outcome of the ire ran Nuclear Talks. Jobless claims down last week from 20k to 268 near a postrecession low. Data coming out of tomorrows jobs report. Stock markets closed for good friday. A special edition of squawk box tomorrow from 7 00 to 9 00 a. M. Eastern time and of course theyll be all over the jobs number, which jim, after adp, some think might be disappointment, somewhere in the mid 100,000s but now claims. People playing name the number. They have to redo their name the number, right . Whatever they came in yesterday, they had to come and revise. These numbers are so in inconsistent they must drive the fed crazy. It looked look a good number. But Interest Rates went down. Honestly, theres a disconnect now. I mean if youre going to do minute to minute trading you really must have your bell is rung constantly. The numbers just dont make sense moment to moment. In terms of Interest Rates, responding to yeah. Well conceivably the Macro Economic signals they should be except maybe responding to the fact 7 1 2 years out in germany youre paying them to hold your money . Could be true. Numbers out of germany are so strong, europe so strong. Auto sales for germany, up nine. Italy up 15. Theyre set to go double digit for march. The 19th month up. Auto sales in europe. You get up in the morning, its the exact os of what weve seen for years. How much is europe up . How much will we be down right . Thats been the trade. Theres a great disconnect. When europes up you say, darn it thats padbad for the u. S. Companies will get hurt. Looking at the dollar again. Every day we hear that numbers are going to be cut. The more we hear numbers will be cut, its a nice tie. Beautiful. German tie. I cant take my eyes off of that tie. If you listen to what i was saying i always listen to what youre saying. But its really pretty. Im taking the darn tie off if you dont pay attention. Im looking at your eyes and mouth. I promise. I forgot my thoutght. Something about europe. Look at plea, im the captain. The numbers out of europe make me feel theyre in control of our markets and every time i see a good number there, i think okay, who did they take business from . Which of our companies did they take business from . What do you do today ahead of a jobs number you cant react to tomorrow . I think that people are just going to first of all, were its wrong. I mean every days not a bad day. Yesterday was the biotech, we did have a lot of supply. We have more supply today. Carmax reported a good number contrary to what we heard from the autos yesterday but its used car. A great number. Im betting the action, if david were to ask me the key to the market than the key to the good tie i would say micron, up a buck and a quarter, a buck and a half Conference Call it was down 60 cents is now rallying. Negativity for some stocks may be in the market at last. Micron mu. Were you on the call . No i have you to be on the calls. Guiding down, pricings down 9 for average selling price but did say good things about from micron they did say good things about flash which means the moron defenders of sandisk who cannot i didnt mean moron. Did i say moron . Optimistic people cannot stay away. Theyll take sandisk up on the micron call and wont sell micron like they would because people said it was horrible but it wasnt unbelievably horrible. It was just actually or zblibl leading the s p, sandisk yesterday, though its the worst performer on the s p for the year. They cant stay away. They just they love they being the Analyst Community, not the community of village idiots but the Analyst Community just like certain stock. They love sandisk. If they love sky works it would be better. But no sandisk. Youre emotional about sandisk. I am. Moron and idiot. Quite harsh. Welcome to my world. Im emotional about the flash memories. I motional about drams disc drives what i focus on. Its passion. I focus on big things. Some big wage hikes coming to mcdonalds hiking wages for about 90,000 of its workers. Starting july 1st. The fast food chain will begin paying employees at its u. S. Owned restaurants 1 over the local minimum wage that will lift the average hourly rate from 9. 01 to 9. 90. Hikes do not apply to works at 90 of restaurants operated by franchisees. What Steve Easterbrook said on cbs this morning about the reasons behind the pay raise. Ultimately to drive the turnaround we want to deliver Better Customer Service day in day out in our restaurants, motivate teams, you can retrain the talent motivated teams in restaurants typically well see better levels of Customer Service and that will help us in the competitive environment were in. Big full page ad in the washington and usa today acknowledges that a lot of people do not believe this is going to be enough. We will see. I also personal time off, a crew member who worked for them for one year for any reason. I think there will be people who make a lot of money who will sniff at this. I say no these are positive for the u. S. Economy. Add up all of the different raises and they are raises i know that someone who is making huge amounts does not think this matters but it does matter. And i think the personal days do matter and it paints a positive picture for perhaps wage gains, unless youre some of these people who like no wage gains because they trade bonds. It is a five to six cent headwind for mcdonalds, 1 . If you look at walmart, ever since you were down there, and they raised that stocks been in a downturn. Down 7 since they those raise wages. The stock market doesnt like that. Right i was thinking thinking broadly about the benefits for the u. S. Worker and the economy. Its hard to switch to the passion issue i have about d rams and flash memory. Its not so bad. Look, if you add up how many people work at these places, numbers are staggering that the people who work at these places. We can do it its only 90,000 people talking about. Talking about a buck an hour. I dont know what the average shift is is it eight to ten . I have no idea. Ten bucks a day . Thats going to help them. Even if you look at walmart employees affected and now these, i mean its very hard to draw a correlation to big, broad wage hikes coming. You have a Hedge Fund Manager has a good year it triples what they theyre oligarchs. One guy. Look, im not here what are you lennon . Let me focus on this. Im saying. Heating bill down electric you know electric bill down. Youve got gasoline down. You get an extra dollar. Youre painting a mosaic of more spending in the u. S. Why is saving rate gone to 5. 8 or whatever it is. Charlie scharf at visa has done a lot of work takes six to eight months starting to kick in. But if youre kohls dillard, my goto retailers youre seeing. This is a kohls customer. Its kohls david. Understood. You ever been to a kohls. Never, not once. When i was rejected for the credit card, 13 people behind me unbelieveble. Youve told that story. I went back to kohls because they have some special they have proprietary shirts. Like the socks. Socks hold up forever. If i recall. Versus american apparel. You dont like the socks. Easterbrook was asked not just about the wages but about some of the menu changes that were waiting for over at mek. Here what happens he said. What we recognize is the pace of change outside of mcdonalds has been quicker than the pace of change within. So you will see us run the business, me run as ceo with a sense of urgency and purpose to make the meaningful changes that customers care about. They love our food. They love to see us invest further in the quality and just a daytoday Customer Experience. They will recognize those changes and will reward us for that. Wait a second. Did he really have a sign for the in and out burger next to the mcdonaldsburger . Thats trav essy. Thats like a danny meyer play next to olive garden. You cant put those signs together on the same wall. I like his aspirational burger theory. I like as accent. Doesnt seem like an American Burger guy. Hes trying everything. He needs to win back these franchisees. Carl if they all fall in lock step, the franchisees might want to foe togo to somebody else. Hes like don budge, great tennis player if everythings fine, dont change a thing. If things are bad, change everything. Anything that isnt on the table for this guy other than perhaps farm to table . Interestingly, hes offering Educational Opportunities for the owner operators trying to get their good side to some degree. Doing everything you can. Got to bring the cost structure down from the franchisee level got to simplify the menu which adds to the cost. And hes got to sell more hamburgers. How about taste . No. Of course thats important. Of course. We are getting more news on the religious freedom restoration act in indiana. Mary thompson this morning who is down on the floor. Carl governor mike pence said the legislator get him an amendment to this bill. He wanted it by the end of the week. The legislature coming out and, again, im not a lawyer so bear with me on this, but the bill actually under the language that im reading right here says that this law does not authorize a provider to refuse services to any individual in indiana based on among other things Sexual Orientation or gender identity which might be wording gay advocates asking for as far as changes in the bill. Bill goes on to say this cannot be used as part of the their civil defense. You see feed from the indiana state house as the lawmakers there are just announcing changes to the bill. Now exempt from this of course will be any church or nonprofit religious organization priests, rabbis, et cetera, anyone who has that exemption under the federal tax code. This has to be looked over by both sides. And well see whether or not it satisfies those who are disturbed the law would provide a legal cover for businesses and others to discriminate against gays and transgenders. We know it created quite a public outcry especially the business community. Jeff immelt adding his voice to those who expressed concern about this law today in a letter to governor mike pence. Again the Indiana Legislature responding, when i was out there earlier this week they promised we will fix it. And this law, again, that they are submitting to the governor and for Committee Consideration today is their fix to the outcry, again, that was prompted by the original religious freedom bill. And well be gathering any response to this and see what both side of the aisle think of the changes to this. Back to you. Talk to you soon. Thanks so much Mary Thompson at the exchange. Its funny, some people disregard this. Go to jim cramer on twitter, this is totally religious freedom, jeff immelt aren sorenson mickcmillan. Final four coaches. Theyre not saying religious freedom. Ibm got involved and the arkansas law as well applauding the these are people from left and right. Theyre not known as being bomb throwers. Maybe it started with mark benioff who has some leaning, but these people arent theyre i mean is walmart afraid of costco taking losing the business to costco if they discriminate . Ed meese in the Washington Post with a nice defense of the bills. Who are the ceos . Conservatives are not aggressors. Which ceos have come out, which fortune 500 companies . You know any ceos that said this is a great law. No i dont. Stepping out to defend it is probably why . Why . People have conviction. I know. Typically you dont see corporations take one side or another. Theyre in the business of trying to get as many people as possible to use whatever product it is theyre selling. So antagonizing anybody is not something you see. Clearly antagonizing. Walmart is antagonizing people who might want to say i want to go to some place that doesnt look thats why its a news story. Exactly where im going. People say, cramers, butt your head out of religious freedom. Im like you know religious freedom, marriotts not theyre focused on the notion of discrimination, its not the government that is discriminating which was the clinton law that he signed. Its corporations. They dont want to be lumped in with corporations that they perceive, they perceive to be discriminatory. Went youre walmart, 2 million employees that figures prominently into decisions as well. A broad group of people there. Yes. Not the last weve heard of the story. No. More to come. How shares of Lumber Liquidators moving in reaction to its sales figures. And more on mcdonalds, s p revising its outlook on the fast food chain to negative. Talk with a credit analyst making that call. One more look at the premarket. Quiet action. The gain on the s p yeartodate 0. 04. Sad. Boy. More squawk on the street from post 9 in a minute. Hey, girl. Is it crazy that your soccer trophy is talking to you right now . It kinda is. Its as crazy as you not rolling over your old 401k. Cue the horns. Just harness the confidence it took you to win me and call td ameritrades rollover consultants. Theyll help with the hassle by guiding you through the whole process step by step. And theyll even call your old provider. Its easy. Even she could do it. Whatever, janet. For all the confidence you need td ameritrade. You got this. Google feeling the heat on the other side of the atlantic. The wall street journal says the European Union is preparing to file antitrust charges against the search giant in the next few weeks. Paper says google could face a fine of more than 6 billion. This has been obviously in the works for a long time. Well see. Google, of course, defending itself state side. My Charitable Trust owns goorg. This is not to be sneezed at these investigations have hurt this company. They kind of dont really address. This reminds me of microsoft when they didnt address you had joel klein after them. Google is tone deaf. I did say on mad money a time for a this is time for the twitter, zillow time for priceline, this is that googles become yes, pitiful, helpless giant, they wont be able to buy anybody and have difficult wiping out a vertical. Every government around the world has its crosshairs on google. I think that their attitude is not the keen ofind of attitude to exhibit in front of government officials. The attitude you should exhibit is what do you want me to do . Its the government. People here may disagree thats how you play it. But ask jamie dimon what you have to do ask brian mon na hand bankers. You cannot go to the government and say were giving you the heissman. Theyll say, we negotiated. But obviously, when you have these kinds of reactions, you just know that googles going lower. Painful that my trust owns it. Not talking about the u. S. Government, talking about the eu all of the journals reporting but report there has been attempts to settlement but it does not appear that the new person in charge that the eu is interested in going down the road at this point. Happier taking it to court. I think the ftc, notes from behind the scene are very negative for google. Here in this country, the ftc. I think google will be trapped in certain verticals and not able to go after others because it would be viewed as anticompetitive. Very important story. We say, we overlook. Anybody who remembers ge honeywell, dont overlook what they do in europe. Stocks managing it outpace s p for the year. Didnt have a great year last year. My trust owns it i believe theyre getting disciplined. Remember they hired cfo, ruth porat. They said famous will i the Conference Call they cared about the stock price, which was wasrevloratry. You dont hear Warren Buffett saying he wants the stock price higher. In the case of google we didnt presume they cared about. Its a private company that trades as a public company. Good point. Its a controlled company. So as a shareholder you do not have a great deal of power. Youre not going to see actavis getting into the shares. We work for brian roberts, comcast, they care about the stock price. They do. The same point, many Media Companies are also growth companies. Are. They have done a lot to try to to address stock prices. Im not just a house man. I could have been talking to cvs ringing the bell. Cramers mad dash in a moment. Edie falco nurse jackie, on the trading floor. Theyre going to ring the opening bell. A look at that. And one look at premarket on the last session of the week. Were back in a moment. At mfs, we believe in the power of active management. Every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. Which leads to better decisions for our clients. Its a uniquely collaborative approach you wont find anywhere else. Put our global active management expertise to work for you. Mfs. There is no expertise without collaboration. The pursuit of healthier. It begins from the second were born. After all, healthier doesnt happen all by itself. It needs to be earned. Every day. Using wellness to keep away illness. And believing that a single life can be made better by millions of others. Healthier takes somebody who can power modern health care. By connecting every single part of it. For as the world keeps on searching for healthier. Were here to make healthier happen. Optum. Healthier is here. Im John Slattery from mad men and now the mad dash. Look at that. There you go. Wasnt smoking a cigarette or drinking a scotch. One of my absolute favorite actors. My executive producer for mad money sat next to him at a restaurant and described him as being lovable, smart, terrific and grateful to have a terrific job. That was a nice intro. Whenever you see them in another setting and theyre fabulous its nice. Mad dash. Last trading day of the week. Tomorrows a holiday. Youll feel good about there is. Credit suisse says dont worry about tesla anymore. The guidance is indeed beatable. Theres been a substantial uptick in europe 3500 cars up from 2500 cars. 290 price target. Doesnt seem to matter a lot because they opened a lot of new stores, so to speak. It not really a <