Months in five years. What a reversal to open up just over 100 points. Now lets move on to whats happening overseas, particularly the atlantic sea. The german franks and the ftse. The 10year treasury note, lets take a look at that. Yielding 1. 83 . Not a big move there. Crude oil, man, up one day, down the next. We had a drop yesterday. Now were up 2. 5 . 39. 15. Crude oil kind of stuck in that 35 to 40 range now for a couple of months. Something to be concerned about. Our roadmap begins today with what else, janet yellen sending stocks to their highest closes of the year yesterday. What you care about, where do we go from here. Many people are still waiting on the friday employment datatoo come out. Were going to see two components, boeing and ge and well let you know what theyre doing and why. And apple. Theyre climbing out of bear territory, but the saga from the fbi far from over. Weve got to the very latest. But the meantime, the big story, your macromarkets, theyre poised to continue their upper momentum from yesterday. The dow and s p closing at their highest levels of the year after. And you might have heard this. Janet yellen made some dovish comments. I dont know if this was on your radar. We call this dovish. What she did is get away. Were losing too many manufacturing jobs. We need to see Commodity Prices stabilize because theyre going down. Frankly what she really feels, i think what she says is, listen, were one world. And a lot of them are very parochial. She said, listen, im not going to be parochial. Im going to be dae ta dependent. I totally get we were weaker than they were when they tightened in december. I think shes grown up. I think the people who continue to talk want to talk. They want to be on tv, they want to talk about their region. Thats great. I like to talk. They should get their own show. But theyre not fed chair. If they had a show, what would it be called . Fed up . Thats what i would call it. Heres the problem with the market, if youre a mom and pop and youre in iowa and you have money to invest and you want to be smatter, you want to hear from Bill Belichick, which is yellen. I dont want to hear from the linebacker because it seems like everybody has a different message. Im sure youve talked to people in the real world. The fed is making them more confused and less transparent. Look. I think theres freedom of speech, but there should be ill tell you what. Lets take the belichick analogy is. Lets take it further. I love god to Training Camp for the eagles. Chip kelly, now deposed, he ran pretty quick. There was an offense coordinator at the press conference and what he said was exactly what chip kelly said. He said, who needs this. If they want to make dues, they should move on. Theres dennis lockhart. He moved on. He wanted the titan. Good, good. Let him say whatever he wants. We have one fed chair. The people dont need to be confused in them. Shes good. She looks at the data. Data dependent. Look. The u. S. Dollar is now very weak year over year versus the euro. Whats the matter with that . Why should the japanese take so many cars from us . The yen is stronger. I like them. The emergency currencies are doing well. I know this is going to shock people. The working person. She recognized the rents going up a lot year over year and the health care for the person and recognizes the gas price is not offsetting that and housing is not punching its weight like it used to. I dont know. To me shes looking at the data and making a decision. Briep, we have people working all day to debate that. I think we might. Its like sports talk radio. I think dhip kchip kelly is goi destroy the niners. I dont think hes going destroy the nierns. We could play. We could play sports radio. Its a dynamite thing. I wanted to go into it at one time. You had no power. Nothing. You and i you were talking before the show, this is premakeup, i mean we look totally different without makeup. By the way, theyre like stealing our jobs. Its a great. Just for you because youre all relaxed from vacation and we erie talking about this, i have a gift for you. Charlie evans speak about the rate hike picture earlier on squawk box. The fundsrate chart expected rate hikes in 2016. Now its down to 2. Thats the media. I think that takes on board the global risks and the fact that an accommodative policy seems to be appropriate, but it has an upward slope to it. The median hike is two this year. If the data comes in as expected, then i think everybody would adjust upwards. That sounds like common sense. Except this. I know my College Friends agree. Talking about dot plots. Do 90 of americans out there listening on radio or watching tv or getting a cup of coffee know what it is . The thing i know about dots, its a delicious candy. I had a whole i had an actual crown come off by dots. I was not covered by it. What shes doing is she is saying, listen, heres the way its going be. I like it. Get this. Im in mexico. 120car ksu train passes me, all right . Empty cars about to take all what they make down there to us. 3 an hour. No pollution control. Its a picnic. Theyre laughing at us. The elite sateare saying its g. They have a port. They come up to chicago. Thats all right. Thats all right. They do come around. Im saying i was there where the plants are, harmon, pp kb, going to these places, recognizing theyre having a huge laugh. Ive got to tell you. Ford may want to do it in some of the areas near the border, but the german and japanese and koreans, they know, go to the mexican highlands where the worker make 3 bucks and they dont have any protection or health care. If we say it, were protectionists. ve got two pieces of bad news. Number one, i dont think theres anything the fed can do about it. No. That was mandated by clinton and the republicans loved it. You ought to go to where the cars are made. Its a gigantic move to mexico. Number two, i have to do i violated my own rule about not talking about d. P. S, dot plots. Now that i did, i have to talk about them. Its okay. Its like raisinettes. Remember battleship where you plug in the lights or basically litebrite . Its a fed protection where each fed member believes they will be on inflation and potentially rates. So by charting the path of the dot plots, you could theoretically know where Interest Rates might be, which, by the way, would theoretically then tell you where the economy might be which then may theoretically tell you where you should invest in ibm. Okay, okay. The last part was completely sarcastic. They have the worst one. Ibm is worse, apple, j j. I can raise numbers. Thats why the stock is at 109. Whats important is she just changed the equation. We can Start Talking about lululemon. We can talk about the upgrade apple. Shes giving us permission to talk about stocks and making money, but we insist on monday morning quarterbacking. We incesist on this is like spring training with the mets. Im not playing it. I have to try to help people make money. I have to. Oil is going higher. How is that happening . I dont know. Thats why i said yesterday i was, quote, fed up, because i cant keep up with the conversation. Im just saying we could sit here and talk about the fed and make no money or lets give you the green light and talk about stocks and making money and shes not trying to ruin the market and shes worried about digitalization and employees and wages, she cease so thoughtful, we ought to give her a couple of days before she comes on. Im not calling them clowns because i have Great Respect for them. Lets make some money. Last word, i guess, listen to the head coach, yellen. Dont listen to the linebackers. Shes so clear. Shes the head coach, the owner, shes much more useful than sports. Apple is the stock existing bear market territory. Its now within 20 of its april alltime intraday high of 151. 4. This morning cowen and company saying yearoveryear estimates have bottomed out. Cbs news reporting the fbi every time i say fbi, i want to say it like diehard wants to own the rights of breaking into the i phone. I was doing my piece last week before syracuse and nova decided to shock everybody. I was so desperate to honestly have tim cook on my list but i needed the stock to be up year over year js arc it wasnt. I have to tell the you, this upgraitd 20rks 16, seven times, 2017, eight times earnings. 17, 18 times earning. This is a rather unbelievable situation when what theyre saying when this stock was down nobody downgraded it in the 1990s. If you want to overlay a chart, overlay the Chinese Market over apple. Believe it or not, its one for one. When the Chinese Market came back, apple came back. I believe in the iphone 7 and what tim cook is doing. Maybe the watch isnt the greatest thing. Maybe the 7 will be waterproof. That would be terrific. But the stock is so darn cheap it trades like a caterpillar. There you go, caterpillar and apple. Theyre going down and am is going up. Growth is slowing. Thats why its growing. I love that. Thats why i have a show. I love that talking game. But we can see the dollar reverse substantially. If you go over tim cooks last call, which nobody does because thats not as good as listening to fed guys. They make it easy. They have a little conference buchl if you go through the very long apple call, youll realize theyre heavily weighted to a weaker dollar. Theyre headed to a weaker dollar. Theyre getting a weaker dollar. Janet yellen is helping tim cook. Yes. She wants that. And thus helping investors make money. She wants that. She favors better times. Maybe she thinks 2 gpdp is not enough. Maybe shes seen those trains i have from ksu. Hey, guys, stopt running those trains all night. Ive gotten to sleep. Quickly. Ge. We put it on the list yesterday. New position. Another asset disposal. This time 485 million. This was an industrial with the best single organic growth than anybody. Theyre away from the government. They can raise the dividend. Youre looking for cheap stock. Look for ge. Do not forget the j js. The news that you gave. Ge continues to evolve. Exactly. Heavy industrial, also heavy industry, correct . I wouldnt say that. Onefifth. Okay. Remember, lets quarterback what the feds said. Thats something to do that required zero homework. No. I realize i could sleep to 6 30 if i just talked about the fed. I tried to figure out the sonic and restoration. My apologieapologies, my apolog. Ill continue to sticking with the fed because thats so easy. There. Okay . Welcome back. Mexico . You want food trains filled with cars . Go ahead. Be my guest. 3 an hour. No health care, no solution. Jim, im just a fillin, but the only dots were going to talk about are the candy in your crown. Coming up meet the manager. Yes, lets do that. And where hes putting his money. First todays movers including one retailer is stretching a little bit higher this morning. Theres your hint. Its terrible. No. They sandbagged everybody. More squawk on the street live from post 9 in stretchy pants when we come back. The first stock index musiwas createdoughout over 100 years ago as a benchmark for average. Yet many people still build portfolios with strategies that just track the benchmarks. But investing isnt about achieving average. Its about achieving goals. And invesco believes doing that today requires the art and expertise of highconviction investing. Translation . Its time to bench the benchmarks. Ngo to ziprecruiter. Com and post your job to over one hundred of the webs leading job boards with a single click. Then simply select the best candidates from one easy to review list. And now you can use zip recruiter for free. Go to ziprecruiter. Com. Megan is home doing yoga. Last saturday, she was shopping here. [ indistinct shouting ] bulk from boxed didnt only save megan 33, bulk from boxed saved megans saturday. [ pop, screech, doorbell rings ] boxed bulksize shopping delivered easy with no membership fees. Download the app and get 15 off your first order with code bulk. And well get to the opening bell in 12 minutes. It looks like the opening bell is going to open hire and were on pace for the best in five years. Thank you, thank you. If you go back to january, a lot of people sold, why . Because the commentary was so goes january, so goes the rest. All of those things when i hear that or if you look at the historical stuff, the markets dynamic. If anyone said januarys bad so the rest of the year is bad, that made people sell. I apologize if i was part of that. I dont think i was. I was on the today show. If i didnt point blarng say this is nonsense, i made a mistake. Well, its been all year in three months. I feel like weve got a quarter with 12 months. January was terrible, february was okay, march was great. I say great because its one of three best months in five years. Look. Except for october 11 and october 15. I long j j. Theyre fantastic. Hes saying, do i need to do that nonsense anymore . Now we have the euro. Last year it was 107 a year ago today. 113 this. I was saying fxe. I dont want to confuse the viewers at home. We should have talked about another head coach. I should have use ned metaphor besides Bill Belichick because he says something. My bad. Up next, its jims mad dash. It looks like the dow is going to open up more than 100 points. Later, its a big interview, former Lehman Brothers ceo erin callan talking about her powerful book, leaving wall street, raising a child. She said she leaned in too much. Lets leave you with good news here. The markets look like theyre going to go up. More squawk on the street coming up. Before a movie star unwittingly gave you a global product endorsement. And millions of women everywhere decided, i love that shoe. And the companys data center handled the spike in traffic without any drama. Before all of this. Cdw orchestrated a Scalable Software defined Data Center Solution using vmware nsx technology. Scalability by vmware. Orchestration by cdw. Everhas a number. Olicy but not every Insurance Company understands the life behind it. For those whove served and the families that have supported them, we offer our best service in return. Usaa. We know what it means to serve. Get an insurance quote and see why 92 of our members plan to stay for life. All right. Welcome back to post nine. Lets go to individual names. Jim, what are you focusing on . I was on a conference call, working through it. Its rather remarkable because mcdonalds has blitzed through this whole industry. They did not hurt sonic. They hurt pop eyes. Jack eerks they decimated. Here, good value meals. Good expansion. He said, listen, i p ee going buy all the stock i can. He sure did. Value. Thats what the customer wants. Their comps are up massive. So up 18 . I know bob came out. Hes a good analyst. Sonics. Heres my favorite. Beef prices are down big. People forget. That speaks well for mcdonalds which is going on this to 130 almost in a straight line. All right. What else are we looking at on the mad dash . Carnival here. A little kudos to arnold donald. I was a little concerned about caribbean and zika, but theyre talking about things being up big every year. Bunker fuel is down big. Looky. He said this time, theyre well ahead of the prior year with slightly higher prices. It looks like zika is not each a factor. Lets listen to the radio call. Its up 4 . I did not think it would happen. I thought, well, caribbean would be down a little. Using a lot of fuel, although fuel has come up. Be karel. Fuel has come up. True theyre still buying fuel when it was at 26 bucks. Thats a good point. Youve got four to six weeks to load up the bunker. We have one more before the [. Restoration hardware. I did not like that conference call. It had a lot of existentialism. Im looking for higher numbers. Why is lululemon up . Because the guy sangbags. Hes a great ceo and the come story is terrific. Another one that the analysts, i did not see coming, it was pvh. Very pvhlike. It looks like theres still athletic aparm being bought. A lot of good quarters tore. But did i mention theres a fed governor somewhere who wants to speak somewhere. Fed governor. Stocks are on the rise. Were back after this. Thank you. Ordering chinese food is a very predictable experience. I order b14. I get b14. No surprises. Buying business internet, on the other hand, can be a roller coaster White Knuckle thrill ride. Youre promised one speed. But do you consistently get it . You do with comcast business. Its reliable. Just like kung pao fish. Thank you, ping. Reliably fast internet starts at 59. 95 a month. Comcast business. Built for business. We believe in the power of active management. Anagement, we actively manage with expertise and conviction. So you can invest with more certainty. Mfs. Thats the power of active management. Doing small gigs,side gigs. Gig gigs. Quickbooks selfemployed helps me get ready for tax time. To separate expenses,i just swipe. Its one hat i dont mind wearing. [passenger] i work for me. And so does quickbooks. It estimates my taxes,so i know how much stays in my pocket. And thats how i own it. [announcer] stay in the flow with quickbooks selfemployed. Start your free thirtyday trial today at joinselfemployeddotcom. From icy ocean waters. To your wildckitchen counter. Mon. When you cook with incredible ingredients. You make incredible meals. Get your first two meals free at blueapron. Com cook. All right. Youre watching squawk on the street live here. Looks like a solid day. Jim, indicated futures up, up, open up more than 100 points. We need to see the drug stocks dissipate. They have not been great. Lets talk about bowie. You can look at this two ways. One, theyre streamlining, or, two, theyre stream like against airbus. Do we really think that boeing makes a worse plane . No. And this is kind of what janet yellen is looking at. Listen. The compareton advantages of the United States really are getting crushed. Boeing makes a firstclass plane. Im still waiting. Is that a future prediction of demand . Are they concerned about a slowing economy . The new airbus this is a cool story. Lockheed martin selling 12 blimps for 450 million. I know theyre called hybrid airships. There was a show on last night. For some reason this is what i watched. Were going back to the 30s, jim. Whats interesting here, you know, att at 39. Rbc updates target for verizon. 5850. People wanted yield and grouchlkt we need to see it involved with tech. We need to watch nxpi. A lot of downgrades. And dont forget broad come, which is now veanother. The university of women celebrating. T tv lands first. Lets get back to the markets again. If youre just joining us, welcome. Hello in bali. Were waiting for some of these clearing prices. I cant say it enough. This is going to be one of the best months for the u. S. Stockmarket in five or maybe ten years and theres all these stats going back to the 30s. What do you make of it . Its a weak dollar. We said, hey, should we change stocks . They defi fi