In a moment. Also if the headlines, chinas anbang withdrawing its 14 billion bid for starwood hotels. That means starwood will be owned by marriott. Well talk about what is next. And an interesting story around the mysterious anbang. Tesla shares higher this morning. Elon musk unveiling the new model 3 in los angeles last flight. He says preorders are already red hot. Welcome. Good to be back with you. Lots to do today. We have to start with the markets, all of the viewers and listeners following that jobs number. Not a great number, pretty good number. Stock market doesnt like it. The market is torn. I think the most important thing left out of all the discussion, new york and california raising the minimum wage big. Thats how wages go up now. It just shows you you have to push them up. The supply of labor force is so big, in part because of digitization. Ge talks about it. In part because of the loss of manufacturing. These jobs are not highpaying jobs, unless you have a minimum wage to lift them. That is not a healthy thing. But at the same time, look, the markets had a big run. This is a number that is far less important than usual. Because janet yellen told you dont look at it. I dont know. Markets had a big run, something we have to the talked about in days. Oil down 10 . Thank you. Oil is key. I know the jobs number will get so much of the attention. It should. Its important. Yes. But when i look at the market im just talking about the market itself. Right. Not politicizing anything. Oil has had a crap week. Is that a technical term . The saudis we were talking about that. I think its important. Once again, reiterating that the pact, the soft pact that was hey, listen, maybe well pump mo more thats off. There is no more opec. You pointed out that apple traces the chinese stock market almost perfectly. Do you believe oil and our stock market will continue to track . If so, theyre starting to diverge. We have to watch the dollar. If the dollar goes weak, obviously we have to oil purchased in dollars. That does matter. But what i keep thinking about, well go back into a world where weaker oil means people think the economy is too weak. I dont necessarily correlate that. Theres so much supply. We have to live with the stock market that pays more attention to oil than we do. Thats a mistake. We have to focus on oil more. The price of crude oil down 3. 5 . Down 6. 2 for the week. They talked about this output freeze, they wouldnt cut production but hold it where it was in january. Saudi arabia has come out and suggested they are unlikely to participate in a freeze unless iran does. I can tell you from my reporting, iran is highly unlikely do that. Americas welcoming them back into the economic fold. They need the cash flow. Yes. 77 Million People. They have to rebuild their infrastructu infrastructure. From 26 last week in january and february period, the whole increase was short squeeze, guys covering, and the idea that there could be some sort of deal, russian, saudi, coming up in april. Even though i never thought there was you never thought there was oil will slip. Well have to start focusing on that as a reason why we go down. You referenced april. For viewers and listeners that may not be familiar with Oil Ministers schedules, on april 17th theres a big meeting of all the Oil Ministers, a minor opec meeting. Not official. April 17th, qatar. If you care about oil, that circle that with a red sharpie. So right. The market has been creeping up because somebody thought something substantive would happen. These saudi comments are no, no, were pumping because the iranians are pumping. United states, were not even exporting oil. Nobody needs oil. Lets go back and put it front and center. Its either yellen or oil. Yellen or oil. The dollar in between. That is determining stock prices. As the great sara eisen knows, i do not like to talk about currencies so much because theyre so liquid, so big, so much going on. Today well have to because the dollar, 114 and change on the euro, as ben willis walked by and told us, the dollar is doing some funky things. The raw costs of the International Companies is so good now. You will get numbers number on raw costs. Numbers up because dollar is weaker. People will say unless Oil Stabilizes it doesnt matter because it means were going into a decline. I heard guys debate on area yesterday, what are the chances of recession in the next two years . I was like you dont know. When oil comes down, copper comes down, aluminum comes down. Iron comes down. These were the reasons why why people said we dont have to worry about recession. You dont need an expert. I know the answer to your question. The odds of another recession are 100 . Because thats what happens. I dont know when. Could be 25 years from now. But the odds are 100 . We need oil and digitization. I keep thinking about the internet, how it keeps costs down. The manufacturing decline. But the Health Workers and service, they cannot be digitized. You need people who work at the counter of heome depot. I did something which is completely unacceptable these days. I tweeted out something positive about the u. S. Economy me. Are you out of your mind . Are you out of your mind . Its not cool to be optimistic, but when we talk about everybody talks about wages. I get that. Heres the best im blocking you. Cramer blocked i dont know if you follow me. Average Hourly Earnings did tick up. 73 months in a row of jobs gains. Construction jobs up 301,000 year over year. Marginal workers, discouraged workers down big. Parttime workers. But they say no big increase. The shift economy, the uber economy, guys working five hours here, seven hours there, two hours here, healthcare costs going up. Rents going up. This number makes it so were kind of okay. I agree. Listen, you can always take any number and find negatives. What do jobs pay . Job growth in 36 states, somebody could come out and say that means the other 14 states did not have job growth. Agreed. All im trying to point out, theres no denying the trend of things has been better for four or five years. I agree. The market has gone up. Its doubled off our march 2009 lows. I just wonder now what the next thing is going to be. I would say weve had a very big run. Look, think about the turn, the pivot from february 10 february 11. The best in 83 years. Now well rest. Well rest until we get quarters. On the seventh year the market rested. I always liked biblical. The w chain of hotels and westin will now be owned by marriott. Marriott winning the bidding for starwood after chinas anbang withdrew its 14 billion offer after initially coming in over marriott, forcing marriott to raise their bid. Marriotts ceo, Arne Sorensen was on squawk box this morning talking about having to pay more for starwood due to the bidding war with anbang. We would love to have this company for a billion dollars less. But they were real with their first bid. They came in at 78 share, 10 11 12 more than the deal we had on the table. Fully financed, fully credible, essentially no conditions. We got a notice from starwood that we were out. There you go starwood would no longer be, assuming the deal closes, marriott gets bigger. Your thoughts . Anbangs a communist chinese company. Dont get me started on anbang. They play with any money they want. I think they got too high profile. I think the communist chinese starting to get worried theyre being talked about too much. When i say all that, why . The excuse was due to various market considerations. I mean, the Hotel Business is doing better. We saw that from the unemployment members. Biotech, trying to become public . Thats nonsense. They just feel like they have become too high profile. Ive been semi not critical, because thats not my gig, but who is anbang . Anbang started 12 years ago as 60 million in assets, insuring cars and car companies. They now have a purported 250 billion 12 years later they did a billion dollar deal for a u. S. Insurance company last year. They bought the waldorfs astori. Eunice yoon said Something Interesting about anbang this morning. Everybody was focused on the deal and she casually mentioned this. I emailed her and said is this what you said. Anbang, a giant corporation. She had placed multiple calls to the Company Seeking comment. Its not that she didnt get a comment. Nobody picked up the phone. Wait a minute, nobody picked up the phone. No voicemail . Nobody picked up the phone at a gigantic ive done a lot of work behind the scenes on who anbang is. The way this deal came about was some people went back to the chinese communists and said, look, these guys are stealing it. Could you please raise your bid . The chinese communists they are communists, they control every aspect of the economy. We treat them as if they are somewhat capitalistic. The chinese communists said well take it. Youre not opining. The guy who started anbang and runs it is married to the former premie premie premie premiere ping. Hes part of the gang. The chinese communists dont play by the rules. They didnt have a board of directors meeting. Theres no activist meeting. Starwood has no anbang. They may turn out to be the greatest company in the world. All im saying to anbang is this, if someone calls, answer the phones. Anbang is bigger than ackman. My mind is blown. Thats why valeant has another hard day. Tesla getting a boost. They introduced their model 3 last night. Stick around. Im in line right now for a tesla. This is a simulation youre looking at. Im in line at a tesla store. Well take a short break. Back with more that is the hologram, jim cramer. Mfs. Thats the power of active management. I am a technological breakthrough. This morning i read over 4000 articles on leukemia. In less than a second. speaking japanese i can understand euphemisms, idiosyncrasy and complex metaphors. I know every detail of every public Quarterly Report in the last 20 years. And im just getting warmed up. Hello. My name is watson. Together we can outthink the limits of whats possible. Welcome to the cognitive era. So what else is new . Humm. Shes doing good. She needs more care though. She wants to stay in her house. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. Well, jobs not the only big piece of information that matters to you and your money today. Big auto Sales Numbers set to roll out. Ford releasing its numbers for march. Phil lebeau has those numbers. March sales a little lighter than expected for ford. Coming in at an increase of 8 . The edmonds. Com expectation was an increase of 9. 1 . One again sales driven by trucks and suvs, up 11 for truck sales. Up 13 for utility sales. Suvs, crossovers, et cetera. Whats interesting to see, we dont know it from this release, well find out from the sales call later on, what percentage of sales were to fleet companies. Daily rental, corporations, et cetera those are the lower quality sales. Retail sales were high in february. Lets see what they turn out to be in march. Ford, an increase of 8 . Shy of the expectation of an increase of 9. 1 . We cant let you go without talking about tesla. I dont know if you slept because they had the rollout in l. A. Of the new model 3. The stock is up 17 in the model 3. Elon musk saying preorders were spectacular. Incredible. 150,000 people, at least 150,000 people worldwide have given tesla 1,000 and said hold a place in line for me when you start delivering the model 3. Guys, brian, you know this from the auto industry, its not uncommon when a new model comes out to raise their hand and say im interested in the new mustang or camaro. Its another thing for people to say heres 1,000. You hang on to this for a couple years. I dont care what industry youre in, thats unusual. That speaks to the power of the tesla brand and the anticipation of the model 3. The base will start out at 35,000. We know model also sell for 55,000, 65,000. I love the point, people are putting down the cash. What is the manufacturing capability going to be . If im number 115,000 in line, when would i get my car . Youre not getting it until 2019. Lets be honest. Theyll start deliveries at the end of next year and slowly ramp up production. I would expect, if youre number 150,000 right now and youre putting in an order, you wont see that until at least 2019. Thats my expectation. Phil, how much of ford decline could be because the stock market . I only say that because when i talk to mark fields the beginning of february, he was saying there is a kind of depression, you know, mentality. Some of it was the stock market. Im wondering what he was worried about is guys like us being a little down. Political environment being down. He was saying that housing is good. Employment is good. Those are usually the controlling factors. And consumer confidence. Nothing is a better indicator of auto sales than consumer confidence. While, yes, it dips occasionally, generally speaking its strong right now. Thats why were seeing strong auto sales. By the way, jim, for the month of march, the expectation is a sales pace of 17. 2 million, 17. 3 million. Decent, not super strong, but decent. Look, this is not the problem with the economy. I just it does explain fords stock has been stuck. Its up a bit. These stocks are just saying. This is an okay business. People are not buying cars the way they used to when theyre 20, 21, 22. Is it a lift uber situation . Is that the Tipping Point . I think thats part of it theres also an aspect of people saying when do we seek consolidation in the industry . When will that happen . You and i know it wont happen soon, but thats the next big catalyst. Youre on the story, thank you very much. You bet. All right. Up next, jims mad dash. Well count you down to the opening bell. Futures indicating a decline to start april, despite a jobs number coming in a bit better than expected. More squawk on the street from the nyses post nine straight ahead. Atand that horrible smellstee are really good at hiding. Vice, oh, boy. There it is. Ohh. Ooh. [ gags ] so when you need a house cleaner or an exterminator, we can help you get the job done right, guaranteed. Get started today at angies list, because your home is where our heart is. Theres a lot of places you never want to see 7. 95. [ beep ] but youll be glad to see it here. Fidelity where smarter investors will always be. If only the signs were as obvious when you trade. Fidelitys active trader pro can help you find smarter entry and exit points and can help protect your potential profits. Fidelity where smarter investors will always be. Time for jims mad dash. Lets talk tacos and washing machines. Not jarring stories today about chipotle. Goldman, which has been supportive the whole way goes bias to neutral. They say risks are mounting. Worried about concerns, higher expenses. Cant put the bad news behind them. Webbush, hold to sell. You have a double downgrade on chipotle today. Yeah. I still think between 450 and 400 you can buy it i believe the brand comes back. Thats what ive been saying. The Company Seems to have bought a lot of stock at 400. Im not giving up but the analysts are. Thats important. Heres one theyre starting to warm up to. Bank of america does a terrific job on whirlpool. They raise the price target. Heres something people should be thinking about. The real the brazilian currency. Has had a big move. Whirlpool never left latin america. Huge in brazil. Number one or number two. They are. This is about the idea, north american appliance very good. No more dumping. Consolidation in the i industry. Brazil turning around, home going up. Home depot, look at those labor number numbers. Has this been a latin america trade . Yes, it has been. I like this. It trades harshly. So people dont go crazy on the call. They dont report for a while. But ive got to tell you, i like this the real has been a hidden story. The comeback of the real has destroyed a lot of hedge funds that were betting endlessly against brazil. Yesterday you said if you own apple or think about owning apple, watch the chinese stock market. If you own whirlpool or think about owning it, watch brazil and their currency. In 1982 i owned whirlpool when it used to trade for myself. I owned it and i had no idea how bad brazil could hurt whirlpool. Im telling you, people have no idea how great brazil can be. This is the brazil i got crushed in 82. U. S. Was doing good. Post reagan. Brazil was falling apart. Brazil is doing much better. The currency trades good. Mad dash, chipotle double downgrade, decent news for whirlpool. Were back from post nine with the opening bell. Looks like a down open. Just jason furman coming on. Well be back after this. Great time for a shiny floor wax, no . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Good. How was your commute . Yours . Good. Xerox real time analytics make transit systems run more smoothly. And morning chitchat. Less interesting. Transportation can work better. With xerox. Thank you for calling. Well be with you shortly. Yeah right. Xerox Predictive Analytics help companies provide a better and faster customer experience. Hello mr. Kent. Can i rebook your flight . Im here Customer Care can work better. With xerox. Wait im here mr. Kent . All right. Getting set to count you down to the opening bell. 2 1 2 minutes. Are indicating a open. We have people from calabasas, its really malibu. Fancy town. Hello, los angeles. I have to tell you, tesla is the story of the morning. Tesla . Tesla. Ill tell you why. This is the stock thats impossible to value. We are now valuing a Company Based on lines. Based on lines. When is the last time that happened . Apple iphones. Tesla will be i dont know how to value the thing, but its a loved, loved, loved car. It is i dont know if its still true. I did an analysis last year, everybody picked holes in it, its not real analysis. It was never meant to be real analysis, i was trying to make a point that tesla is valuing every car sold at 1 million. How much do they lose per car . Gm, it would be 30,000 value per car. They make money. Its rudimentary fun stuff. Tesla is over 1 million per car. And they lose per what do they lose per car . Its an amaze statistic. Youve said this a billion times. It needs to