Westside highway from where you are at headquarters. Well speak to barry diller later in the hour talking about iac and the many changes taking place in media. Late they are morning, ill be talking to Lesley Moonves the ceo of cbs which reported numbers after the bell that were better than expectations. Well keep an eye on that stock price. We look forward to all of that. See you back in a few. David, could you ask les, could you get those guys on thursday night to play better football . He highlights that like the first paragraph. Its teams you dont want to see and the over is like 12th. Yeah. They have had a little bit of trouble with competition thursday nights. They did note that jim. Obviously, always plenty to talk to him about including the Pacquiao Mayweather fight, including he was involved putting it together and now with the litigation no shortage of topics when it comes to mr. Moonves. Except csi brooklyn. We do not have that yet. Sumner redstone may have given you one, as well. Well see you back in a minute. Carl quintanilla is on assignment today. Lets look at futures and look at the open on the street. Dow after that jobs report looks like it will open by 190 points or thereabouts. The s p 500, nasdaq with a strong open. At least thats how it looks now. Well talk about approaching those record highs yet again after what we are seeing in the markets this morning. Look at crude oil. That is a big story as weve been following. It got back over 60, 62 or so this week. Falling back. Its a gain today. Just hanging out under 60 a barrel. Thats the june contract for wti. All the focus over the last week at least has been on the movement in the 10year note yield. There it is at 2. 14 . Our road map starts with that jobs number. Pushing stocks higher. Unemployment rate hitting a sevenyear low. Mcdonalds sales declined globally in april. Kale, the hamburglar james franco, it continues. Rejection in the uk not just for the liberal democrats. Rejecting a 45 billion takeover offer from monsanto. The jobs report. The Labor Department says april nonfarm payrolls received a lift from the Services Sector offsetting weakness in mining. March payrolls were revised lower to a gain of just 85,000. Unemployment rate fell to a sevenyear low of 5. 4 . As for wage growth average Hourly Earnings rose 0. 1 . Later this hour labor secretary thomas perez will join us with Obama Administration reaction to the jobs report. A report some say goldilocks. You get a better than expected number here. You get the benign wage inflation. Not a lot of wage increase. You can add 223 to 85 and come up with a blended average thats soft. Interest rates immediately went down on this. I am sure there are people at home saying wait a second how can that be . The answer is people are losing faith in the momenttomoment of these job numbers. Rick santelli big shout out to him, i know youre listening. Im on the 9 00 to 10 00 clock on the show. He said right, there is no correlation these days. I think its cynical to admit, but true. This was the strong number. They decided interest rates, they went down. Maybe rates overshot scott. Thats my thinking. We got up to david, speaking of overshooting weve been watching the rate picture globally. Yesterday the tenyear may have touched 2. 30 for a minute. Speaking about what jim is saying about this notion of overshooting. It feels as though the macroplayers have been in charge. We are certainly losing money to a certain extent those who have been short in germany, we know. That move alone has been extraordinary. It was extraordinary to imagine that the tenyear bund would get to negative rates. It almost did. Storming back to an incredible yield now of at least 75 basis points when you lend your money to German Government for ten years. All that being said we have a lot of movement here. Yesterday Steve Liesman was on the 4 00 talking about if we get a strong number now and a strong number again in june is it possible that the fed will reconsider and even move in june . I dont know if this number is quite strong enough. It may be in the ballpark. I dont think the number is strong enough. I think thats one of the reasons why rates are not going down are going down. One of the things i think striking all of us here is this whole game of when they are going to move is obscuring things like the monsantos agenda altera. There are deals more important than rates not getting done. Is there a new pattern of just saying no . Great question. We know m a this year has been very strong. There have been plenty of deals that are getting done. It certainly adds confidence to the overall market. When that confidence comes back ceos get more confident that their stocks will respond positively if they announce the deal. We are seeing an interesting spate of deals it appears are not getting to the finish line. Sometimes things are not leaked so you never know when a deal hasnt reached the finish line. In this case not the first time monsanto tried to make this overture. It would have allowed the company to divert. Senator durbin sent a letter saying he would look askance at the idea of monsanto trying to invert, even though this would have fallen in line with the new treasury regulations. Syngenta did say they got a proposal from monsanto. They see the benefits of the restructuring we are currently doing targeting a savings as much as 1 billion by 2018 as a better road to go down. We think our r d pipeline is in low innovation and commercialization but we have a strong portfolio of new products. No one doubts these two companies combined would make a strong competitor. There are questions about antitrust. Antitrust lately comes at the top of the list now. Or teva and mylan where thats the least of the issues they would have to come front. It comes up a lot, begin what happens with our own parent company. Its a viciously competitive deal so both stocks are moving higher. There is a suggestion you have to watch the currency moves here and what the dollar does because monsanto could come back at a later date depending on the movement in the dollar. Yeah. There is no doubt they would like to do this deal. I dont believe there is a great chance they are going to come hostile. This is out there. We all know it now, syngenta having chosen to reject. Its a swiss company. I spent a lot of time lately getting to know dutch law as it relates to mylan. As for swiss takeover law, im not as familiar with it. I believe they mention stake holders in their response. When you hear stakeholders you know a company may have a lot more to go on in rejecting than simply saying no to price. At this point, it does appear theyve been stymied yet again. What does this mean to you . You put it into the bigger picture. You asked if this is a new thing when it comes to m a. Is it a broader statement with the markets . I feel because of yelp and salesforce. Com, they say takeover rumors are flying. This is gigantic bid. Consolidation would be incredible. The pharmas are this is a really important deal. I think sometimes we get caught up in rates and not looking at the big picture. There are companyies furiously trying to combine what they think is a lenient Justice Department. I think the Justice Department is not lenient and we need telco consolidation. Both stocks are flying. They are going higher. Question as to whether monsanto down the road sweetens the offer. Right. I think they will. This is the beginning. You want to talk about yelp since we are going there . I predicted unfortunately, you live and die by yelp if you own an inn or restaurant. I happen to run and own an inn or restaurant. Yelp is the prayer to yahoo. Day david did this interview with alibaba. Yahoo is worth less than zero. They can pay whatever they want for yelp. I think thats important. People have to recognize that yelp is an incredibly important vertical that stopped growing because google changed the algorithm. Google is in charge. Yelp can be yelp strikes back if they merge with yahoo. Thats the way the web works. Google is a giant and they determine who wins and loses. Does the giant take out yelp . Google . Is it facebook . Its a bidding war. This is the most valuable property currently available. You merge it with grub hub and you become the de facto way to travel and figure out where to eat and where to go mobile. Its a winner. I want to do it myself. Believe me if i werent sitting here next to you and talking to david, i would be doing this right now. Ive got 4 1 2 stars on yelp in both of my properties. There ive said it. We are going to move to a different story. I would be remiss if not to get your opinion about what you think about this . Jim has been trying to arrange a marriage for yelp for quite some time. It appears he is getting traction here. Based on reports they are exploring it. A worthwhile topic to bring up with mr. Diller. They are so dominant in the dating gay. You the dating game. You guys dont use tinder but might as well ask him. Maybe hes got interest in yelp too. There he goes. Look forward to that. Davids interview with iac chairman barry diller. Sara eisen is at nike headquarters. Shell have a first on cnbc interview with that companys ceo. Hi scott. Good morning, everyone. We are here at nike because the president is here. Hes here to talk free trade. Controversial decision given nike has been the poster child for outsourcing jobs overseas not to mention unfair wages and poor conditions. Why is president obama here at nike . What is nike going to announce in terms of u. S. Manufacturing and jobs along with this visit . Well have that interview with mark parker the ceo of nike first on cnbc. Back to you. I love mark parker and i love nike. Nike is talking about 10,000 jobs. They own china. They own europe. Kevin plank has his work cut out for him. Planks a player. Also i loved edd yesterday. Jordan speith rory mcilroy paired together. When words collide. 182 on the dow after that better than expected or at least in line what some expected after that bomb we dropped end of march. More squawk on the street live in post nine when we come back. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. Down 0. 6 in april including a 2. 3 decline in the u. S. And bigger drop in the asia pacific middle east africa region. Europe, the bright spot. Up 1 . Numbers coming out just days after ceo steve easterbrooke unveiled his crownedturnaround plan for that company. Earlier you said they are getting lucky in europe and thats helping the overall story. I had every single restaurant ceo on in the last month on mad money. When people make more and have more jobs they eat more pizza. It also turns out they eat more burgers. You may decide this is a turn by easter easterbrook. They are ordering another dish in addition. Mcdonalds can turn. This has to be the stock people want to own in the dow more than any other stock in the dow. Everyone is trying to create the thesis. Even in all of the issues that the companys had over the last couple of years relatively speaking the stock has held in in the face of all of it. Its a bond. Not talking about the stock going down from 100 to 60. Its held. In every day its almost in the 90s. I would have done much more what Howard Schultz did, fix the bathrooms, make the place cleaner. Easterbrook, i know you watch the show. Start at square one. Please the franchisees. We are going to make our place a destination for people on the road people want breakfast. Trying to figure out some pricing that makes it so if we order coffee it doesnt cost 42. 80 during the busy period. You still have the u. S. Down 2. 3 . Expectation was 2. 7 . Europe europe europe. Europe can turn because of the fact the dollar peaked and they are wealthier over there. U. S. Will take care of itself if it just tries to get back to the basics. I had sonic on last night. Is there a place that induces more calories . No. Their numbers are terrific. Wendys. I dont know. Its packed. Why . Great burgers and big fries. Shake shack bad yesterday. Stay focused, my friend. Up next stay thirsty, too. Its cramers mad dash as we count down to the opening bell. Stay tuned for davids live interview with iac chairman barry diller. Futures, maybe a sigh of relief on the economy. Yes. Obviously, some questions about what could happen with the fed in june or later. Dow plus 184 as we head towards the open. [ girl ] my mom, she makes underwater fans that are powered by the moon. [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] my mom makes hospitals you can hold in your hand. My mom can print Amazing Things right from her computer. [ whirring ] [ train whistle blows ] my mom makes trains that are friends with trees. [ train whistle blows ] my mom works at ge. Here at the Td Ameritrade trader group, they work all the time. Sup jj . Working hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. We have about eight minutes before the market opens. It looks to be a big friday down here on wall street. Dow looks like it would open by 185 points higher. The s p nearly 20 points after that jobs report. Time for cramers mad dash ahead of the market open. Calling it the mothers day rally. Unbelievable. Listen to me well start with tableau data. This is the highest Growth Company i follow. They guided up. Its a magnificent quarter. Raising this raising that. I do believe the tabloid data will become the de facto next sales force. Com now that we are no longer rumoring salesforce. Com. You know what i learned about this job . It works better when youre wearing a microphone rather than when its sitting on the desk. I dont know. Maybe you become public with that idea. I was trying to project my voice. S s it does reach like the Washington Capitals when youre cheering. Aol. Tim armstrong delivers what we look to be the First Company other than google that is making money off ads. This is a breakout quarter for aol. I believe there will be more stock buybacks coming later. People who doubted Tim Armstrong, he wilbury you. Inflection quarter. Inflection quarter. Exactly right. I think people ought to go through because they recognize Tim Armstrong has come up with a way to grow that is not just google. Google. Up next, the opening bell followed by labor secretary tom perez and media mogul barry diller. Well, a mortgage shouldnt be a problem your credit is in pretty good shape. Pretty good . I know i have a 798 fico score thanks to the tools and help on experian. Com. Kaboom. Well, i just have a few other questions. Chuck, the only other question you need to ask is, what else can you do for me . Ill just take a water. Get your credit swagger on. Become a member of experian credit tracker and find out your fico score powered by experian. Fico scores are used in 90 of credit decisions. Being a keen observer of the world has gotten you far but what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. You are watching cnbc squawk on the street live from the Financial Capital of the world where the opening bell is set to ring in about three minutes. We had the jobs report. Wondering whether we are in a goldilocks environment. Aside from make history last night on mad money with a callin from the apple watch. Yes. I started calling my wife from the apple watch and she didnt know i was calling her on the watch. Im not using my phone any more. This is better. I woke up with this. I had the alarm set for 3 25. It went off at 3 25. Technology is amazing. You did talk about, aside from the historymaking event, whether conditions are ripe in the market for a rally. You watch what oil is doing. We are so bearish. How quickly they got bearish. The rates spooked a lot of people. We have what will amount to be maybe a rate scare. I do think that the data is not so strong that we should be thinking every minute about the rates. We should be thinking about netflix. Think about syngenta. We should think about making money, not making macro. I saw a stat. For the third time in less than a month, the s p rebounded after taking out the 50 Day Moving Average the day before. That is the short squeeze. Thats why we go nowhere. We constantly gaffe the shorts. They cover and why did we buy . The economy is not that strong. If the dollar is peaking, im going to raise estimates for a lot of companies i took down for because i thought the dollar could go to 100. That was the consensus. British election another reason to sell the dollar. The brits are conservative. Cameron was the first conservative since thatcher to win backtoback terms. The margin of victory. I thought we should mention it. I like that. Reagan thatcher. That country is very conservative. Do you think we are going to allow ourselves to get beyond this rate story . No. We cant. Everybody talks about it. I was tired of the discourse. And cnbc where b is bond. There is the opening bell. You are watching that at the s p 500. Cnbc realtime exchange. Here at the big board, the governor of michigan rick snyder. Some thought maybe would run for president. Says he is not. At the nasdaq at least someones not. Right. Look at this. Im looking at these stocks flying. Some are on earnings. Some are on biobacks like biogen is ringing the bell at the nasdaq. I think people are afraid to miss this rally because they are short. The technicals have been so powerful. Everyone is following technicals because no one can make sense of anything. They cant make sense of interest or earnings. Technicals are letting them down. You get past the real heart of earnings season. You start to move on. You get to that area where maybe more companies can continue to do these buybacks. Some will buy because the companies are buying. Buy