i was surprised by that. i thought it is not going to go low. so many ads for seasonal workers and i knew it was going to be higher so i added about a 100 k and boom. >> hey norm, boom. you got it. congratulations. norm collins, nail the number winner. >> it is 8:00 a.m., 600 miles southwest of san diego, where orion is set to splash down in just a few moments. 11:00 a.m. on wall street. "squawk alley" is live.

and welcome to "squawk alley" for friday. taking a look at the markets after that blowout jobs number. 321,000. haven't seen a number like that in almost three years. dow about 5 points from 18,000. financials leading the charge. and asking questions about the fed and when rates go up. the two year highest since april 2011. kara swisher joining us from the re/code. let's talk tech while we're at it. yahoo set to surpass twitter as the third biggest company in the united states, mobile advertising that is. should point out yahoo and twitter both trail google and facebook, which control of course 35 and 17% of mobile ad share. yahoo also lifted by anup grady

fr -- upgrade by b of a giving google a downgrade. interesting. >> these numbers, these prominences a s a projections are always fuzzy. the business is so fluid and especially in the video advertising space. you never know how this is going to shake out. i'm not sure this is bearish on twitter more or bullish for yahoo. i think there is a lot of room for them to make hey with tumblr and that will really make the difference for them if they can monetize tumblr on mobile in the coming year. >> we're talking market share between 3 and 4%. and while it may be important symbolically, i'm wondering, do you think this really matters at all? >> it matters in that's small. the other two are just sopping occupy all the advertising. and twitter has to perform here because it is a mobile application. it is not a web application.

yahoo has a much stronger web business. again these are just a couple hundred million dollars. marissa mayer said 200 million. so it is just a drop in the bucket for that company. and they have to taken some shares. but they are not letting it down either. so it is nice to do this but it is still just a minor business for them at this point. >> what is the mind set at twitter this morning? >> i wasn't there for breakfast at all. but i think you know they have got to get this number up. in terms of mobile. because that is where people are accessing these things. and we had the guy who founded full screen. and he was talking about how difficult mobile is to get the business going. just when you have captured a really good business online you have to move to this area that is very problematic from a advertising point of view. >> this morning cramer called yahoo a silver spoon stock because of that stake in alibaba. we're still asking questions what they are going to do with

those proceeds once they put them to work. would you argue that is still fair? still fairly characterize meyer mayer's tenure. >> yeah. i don't mean so say i'm bored but i want to see an innovative product. otherwise it has this asset. it is improving in mobile and things like that but not enough to move the needle. i'm looking for a big innovative product that changes the perception of yahoo as what it is. and that will be interesting. she's certainly bought enough companies. we'll see. if not they will sit in that level without the alibaba thing they just sort of sit right down here and nothing much happens but great they own alibaba and it will be interesting to see what they do with the statistocy own. >> it seems like the table is set with facebook's acquisition in the video ad space. aol that's been trying to bulk up its arsenal. yahoo recently did acquisition

in video ads. 2015 is going to be a year where all try to gain share in that critical area where they want inventory. the cpms, the amount they can get per view is pretty high. so we'll see if any of those players are able to pull ahead and get closer to google in 2015. >> in the bank of america note they talk about the downgrade of google and part of the reason is search maturity but also the apple product cycle, which is interesting to see the wall street set, kara now starting to finally say maybe this could chip away at android's market share. maybe ios is gaining ground here. how serious a threat do you think those are? search maturity or al apple coming in. >> i think search maturity is a an issue. people are not accessing search oj laptops and it's not as lucrative in the mobile space. android has kind of won the global mobile platform race. and the question is how much money they make from it.

apple really monetizes that phone. so a smaller base it doesn't really matter. the size of the base is what you can monetize from it. >> uber now valued as you probably know as 40 billion dollars in that blog post that hit this time yert. ceo said the company had raised 1.2 billion to fuel its expansion and kayla you have more. >> yesterday we were talking about the fact that uber made a filing that it would raise or could raise up to 1.8 billion in equity and there is still room there. if they want to bring in other equity investors but i've been doing reporting on the debt side of any additional fundraising here for uber. goldman sachs has in recent weeks launched a $1 billion convertible debt offering targeting --.

and there have been some details coming out about how this would be structured. a six year bond. it would convert into equity around the time of an ipo at a discount to the ipo and that discount would increase the farther the company gets from an ipo, if it misses certain mensch marks been say one to four years. and the question is what does this mean for uber ipo? how soon? is when i talk to bankers and people who are familiar they say there is no rush. this gives it a multiyear window and a ton of financing to fund growth especially in asia and beyond. but it is interesting to see debt, especially convertible debt being a portion of pre ipo fundraising at these levels. kara there are the comparisons drawn to what goldman sachs did with facebook. $50 billion valuation. 16 months later facebook's valuation doubled when it went public. but this seems to be a little

different. the jobs act rules around the number of shareholders they can have. uber is not emerging growth company because it makes so much in revenue. and at this point the company doesn't seem to be in a rush to go public. and i'm wondering how you would compare what's happening with this uber deal to what gold man did with facebook. >> it's a similar thing. these people are having money thrown at them so why not take it at these amazing terms for them. and they have to expand. in india they are losing money. they are giving away rides pretty much in order to win market share. so certain key markets internationally they have to really win. and here in the u.s. they have to continue to fight and expand because certain cities are still having problems. so it is a very expensive proposition, the expansion. the more money the better. about going public, i think they will. the management staff has to get a little more mature, just the way facebook did. they can't have kind of these ridiculous pr snafus they have been having. but facebook went through that

too and certainly improved and they knew how to behave at least. so i think you could possibly see an ipo in 2016, 2017. but there is no rush to do it with all this money being thrown at them. and travis is very smart. he's taking it while he can get it. >> curious for your take kara. when i talked to the facebook founders, looking back at history, they have said international was really the key question. how they were able to through their growth team figure how to expand internationally and become facebook not just in the u.s. but overseas. do you view that as the key for uber as well in what they really need to do? well there is a lot of aggressive competitors in these countries. and india, there is all kinds of competitors. tuck tucks and things like that. it's a very interesting market. they are having a hard enough time in this country convincing las vegas to let them do their thing.

so i think it's very critical it becomes a global brand for travis for sure. that it becomes sort of the worldwide thing when people think about transportation. and it is not just cars, it is transportation. so that will be important. >> one argued they exit soon ner new york because they don't have this vision they can truly change the world. would you put travis in that camp. >> i think he's driven. and wants to succeed and sometimes at all costs kind of thing. and the question is just the way mark zuckerberg did, can he smooth some of the edges which he's going to have to do. interesting about travis that people don't realize. he is much older than any of these other founders i think so so he's more in a rush i think. and he has succeeded. he's 38 years old.

mark was 24, whatever how old he was. so it's a really interesting leader for this company who just really wants to win and is going for it. there is something to admire in that. this money raising is astonishing at this point. and people are handing it over. so there you have it. >> absolutely true. kara, don't go too far. let's bring in josh lipton this morning. at the apple trial in oakland where the case has taken a surprising turn. >> reporter: yeah this could be a nice way for tim cook to kick off his weekend. a case that has dogged apple for ten long years and threat bdened the company with $1 billion in damaging could now be tossed out. remember apple is fending off allegations it violated antitrust laws between 2006 and 9. plaintiffs say there was this ipod update in 2006 that they claim illegally shut out rivals.

but apple's lawyers have now filed a motion saying that the plaintiff's class representatives don't actually have any proof that they purchased the ipods in questions. ipods bought between 2006 and 2009 that were allegedly harmed by the software update. so if they don't have proof they bought the ipods, then there is no proof of damages and apple wants this case tossed out. plainti plaintiffs will respond tomorrow and the judge will discuss it on monday. the judge did openly say she has concerns. she has concerns of whether there is an actual plaintiff in this case. now apple has fought this case hard, saying listen, this ipod update was legitimate and genuine product improvement that there was zero evidence to any real harm to consumers. they refused so settle. looks like that might have been the smart bet at least for now. i'll bring you update as they

happen. >> josh thank you for that. kara did you see this turning this way? >>, you know, honestly i haven't been following these very carefully. apple is very greszive in how it handles it's legal cases, i specially around isomerasing e others. i wasn't following closely enough. >> it is kind of a rookie mistake if they didn't have the receipt for anybody buying an ipod for 2006 through 2009. we talked about it yesterday. i think the issues are interesting. a lot of people forget exactly how contentious music was when the ipod first came out. when the hacking was taking place, how paranoid the music industry was about songs being locked down. it was only later they started selling relatively unprotected mp 3s. but apple was rightfully

paranoid that music companies would pull their songs back from itunes if they didn't keep them locked down. that is apple's argument here. real networks has an argument that hey you should be able to play music anywhere. but boy if this whole thing goes down the drain because they can't find an ipod receipt? >> strong legal counsel. kara good weekend to you. >> thanks a lot. >> we should mention nbc universal is a minority investor in re/code and we have that content sharing partnership. nasa's orion set to complete its mission in the in next few moments. jane wells is at the launch site with more. >> we are about 14, 15 minutes away from splashdown of the orion 270 miles west of baja california. nasa has a uav applying in the pacific which hopes to capture live pictures after o rooip hits the atmosphere which could be in

a couple of minutes. as it finally comes down after a perfect liftoff. a $370 million unmanned test for crafts which could take humans into the deep space in several years and mars in two decades. orion will be coming in at 80% of the velocity of an apollo return. after going higher than any craft since apollo. it's new heat shield, the largest ever will hit 4,000 degrees. if the parachutes deploy correctly it will slow from 11,000 miles an hour to 20 in about 11 minutes. a mock up of the orion after slashdown of the real lining. lockheed will keep the orion

powered up for about an hour to monitor how much of the heat showed will be leaking into the capsule. the navy will then move in carefully and toe it into the flooded tech of the u.s. ship. that is a live picture from the orion. >> we may be experiencing a telemetry loss of signal when the plaza effects begin to build around the spacecraft. that may begin at an altitude of 374,000 feet and continue to about 151,000 feet but there is a variable and we'll assistant by to see in fft we do lose any data. >> again, any second now it is going to hit the atmosphere. we're hoping that nasa drown will be able to pick up live pictures and shortly after that, anywhere between 11:28 and 11:30

eastern the orion will splash down. and we hope splash down successfully. the perfect end to what has so far been an absolutely perfect mission on day two of trying. >> jane we'll be cometic back to you in just a thank you moments you in just a thank you moments. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts...

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welcome back to "squawk alley." arista moving lower on rumors it was being -- by cisco. it is led by a former cisco executive and a group of them that went public about six months ago. it is down about 1%. cisco also down by about .25%. >> this is interesting because cisco's routing and switching business has been a challenge. it's its core business.

where it makes a lot of margin. arista is moving in on that and cisco, i spoke to folks over there. they are saying that the degree of arista's copying is beyond the pale. they are not a particularly litigious company but they are saying some of the networking commands in here that arista is using multiword commands specific to cisco are rampant throughout the way arista has been even marketing itself. telling people you can use your cisco knowledge and come over to us. saying even some grammatical errors in the manuals arista is using are copied from arista's manuals. a lot smaller company than cisco is. i think well south of a half a billion dollars a year. cisco is huge. but i think this is what happens particularly in an mature area, when you have an upstart trying to move in annen incumbent.

sometimes they try tactics that can end up in court. we'll see. similar to issues between oracle and -- when s&p owned and said hey you are going in and taking intellectual property off ours. >> we're talking millions not billions right? >> it depends. what cisco says they want is for the court to force arista to stop. but in order for them to do that they would kind of have to stop selling all their products. and it would take a big engineering fete for them to change how they do some of the things that they do. so when you look at it that way, it is kind of hard to scale what the real damage to arista would be if the court finds against them. >> you're saying potentially existential. >> i'm not an expert in that area but there is not an easy quick fix if they lose. so it's very technical. it is going to take investors a

while to digest this one. it is not the sort of the case that is going to be done in a matter of months and sometimes these things can take years. >> all right. wii appreciate it. elsewhere in tech between amazon and youtube and a grewing crop of competition should netflix start sweating it? mark mahaney out with a new note following a the user is survey here in the u.s. and europe. and mark it is an understatement to say this is a bullish note. what in u.s. and europe even if early stages are you seeing that causes you to stay so bullish. >> the 13th quarterly survey on netflix in the u.s. it's become the definitive number one destination for u.s. internet users when you ask where do you gront to go on line to watch tv and movies. and we're seeing the number two and three competitors hue lieu and amazon starting to flat line or even decline. and just in the u.s. we see

rising levels of the customer satisfaction and netflix in the u.s. looks strong and getting incrementally stronger. in europe it is still very early stages and we only found about 5% penetration of broad band households. if that rises to 10%, that is the bullish indicator. but we like netflix as the stock and company. >> they have to continue to pump out hits and there was the question of the strength of marco polo which was a $90 million bet. do you think they can afford to have a few hits and misses? >> i think they'll need to continue to churn out hits and also continue to buy other people's content. the original content is less than 20% of their overall spend. but this is a fly wheels company and fly wheels work if the subscribers work. the more sub, the higher the

penetration rates the more they displace other services and the more revenue and more money they can buy content. >> let's get to jane wells. have e the orion spacecraft awfully close to splash down. >> the forward cover is blown and the chutes have started to deploy. s coming from the nasa drone as a ryan has entered the atmosphere. there you can see it as it starts to land it will slow from 11,000 miles an hour to 20. >> 15,000 feet until splash down. coming up on main chute deploy. >> this is a critical test. will the main chutes deploy correctly? in its reentry, orion's new

large heat shield sustained temperatures of 4,000 degrees. >> from a way point of the pacific ocean, there is your new spacecraft, america. main chute deploy. on mains, everything looking good. good reefing reported. >> there are three navy helicopters, some p3 orions, ironically with the same name in the air. two nasa drones, three navy ships and four small boats. >> 4,000 feet. three good main chutes reported from the u.s.s. anchorage.

that is confirmed here in mission control. >> that is critical. >> from a high speed rate of 20,000 miles an hour to a gentle return back to earth more than 4 hours 20 minutes after it took off an a delta 4 heavy rocket from the cape canaveral station. >> 3200 feet now until splash down. >> the configuration of the orion craft is very similar to apollo, just bigger. because quote the physics haven't changed. the materials have but the basic physics have not changed. the navy will not move in

immediately after it lands. lockheed martin wants to keep it powered up for one hour to determine how much heat from this heat shield soaks back into the capsule will humans will eventually be. that could take as much as an hour and then the navy will assess safety and approach it very very slowly. >> winds at the surface just about 12 knots. wave heights no more than about 4 and a half feet or so. perfect conditions for orion's homecoming. >> this view from orion itself

of the chutes helping it to descend gently towards its splash down in the pacific. >> reporter: orion has 1200 sensors aboard. 1200. >> after some of the mishaps that we've seen in the not too distant past with these attempts at expanding our knowledge through this kind of exploration, it is nice to see a moment like this where it appears we're going to get quite a bit of new intelligence out of this orion launching splashdown. also interesting counterpoint to those who might say government can't do anything right. 100 feet.

>> we have splashdown. splashdown confirmed at 10:29 a.m. central time. orion is back on earth. america has driven a golden spike as it crosses a bridge into the future. and we now have configuration that orion is stable one, upright. >> reporter: guys, you could not have asked for a better experimental mission. >> orion splashed down at a mission elapsed time of 4 hours, 24 minutes. and the crew module uprighting system is now being activated. these are the five inflatable air bags. >> this is new. >> -- at the top of the spacecraft to ensure that orion remains in an upright position. and you can see it on the water. >> reporter: this is a new

system. different from apollo to right the craft. and what you will see now after lockheed martin is keeping it powered up to take on the heat shield it will take about six hours to retrieve orion. they are going to come out and toe it into the flooded out well deck of the u.s.s. anchorage. >> a final splash down target in the specific with a lathd of 23.6 north latitude, 114 .6 west longitude. a bull's eye for american sprays craft. once again at 10:29 a.m. central time, 8:29 a.m. pacific time. at a point west of baja

california. 630 miles southwest of san diego. >> and there is one of the helicopters. they will drop smoke to help the six small boats find the orion. they will toe it back into the flooded well deck of the u.s.a. anchorage and begin the journey back to san diego. if they need to they can crane it into a second ship they have. they are hoping this way to be able to toe it into the well deck. it should be back in san diego probably by the end of the weekend, early next week and they want to have it then on a flat bed truck back to florida before christmas. now i should tell you for the next test flight in 2017, 2018 there is going to be a different orion. they are 3wi8building it in and. lighter and different materials to reduce the weight because they are also adding a the full service module to provide solar power and amenities for the

crew. that is being built. so there is an international component of this. depending on the results from this trip which apparently looks so far, so good, they will have another test flight in 2017/2018 unmanned and then put astronauts presumably in 2021 maybe for a trip around the moon. they will begin a series of trips. they want to lasso an asteroid and bring it into the. huge win for united launch alliance which is a boeing and the lockheed consortium. huge win for lockheed which made the orion. the next mission and the manned missions will now run by nasa. >> thanks for walk us through that.

worth noting the lockheed is up 2 % this ye-- 27% this year. and with that orion journey comes to an end. and fascinating the markets seemed to have a rallied along with that splashdown. back in a minute. if yand you're talking toevere rheumyour rheumatologiste me, about a biologic... this is humira. this is humira helping to relieve my pain and protect my joints from further damage.

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one more look of splashdown

as the navy starts to make its way towards to orion. the end of exploration flight test one in the pacific. as jane said, everything going pretty much exactly to plan. speeds of 20,000 miles an hour. nice to watch the parachutes deploy and see if we can put a man or woman on them in the next years. >> jane wells said maybe they could even lasso an asteroid and pull it into orbit. elsewhere in the transportation and industrial sector we're talking about uber and what can $40 billion buy you? ub uber's valuation above many companies. >> none of those contemporaneous

near -- companies are the nearly as sexy as the space rocket. but we talk about this 40 $40 b million number. that makes it bigger than just about every single transportation stock in the s&p 500, including the likes of, say, a delta airlines. and then look at some of these other transportation names it is bigger than as well. the big railroad companies. a csx or maybe even a norfolk southern. csx also smaller than that $40 billion uber is worth. and then other big names. norfolk southern here and then southwest airlines as well. that is big one to watch as well. let's look at some of the ones it's close in value to. it is also just about the same size as both a netflix and a chipotle. combine these companies together and that is what uber is worth about $40 billion. also other big ones to watch

here. gopro, a stock we talk about constantly here on this show. a very big recent name to this world of publicly traded stocks. four gopros are worth about one uber. and one more interesting one. just because it is a great story here. it takes ten pandora internet radios just to equal one uber $40 billion valuation. so overall it takes a lot of different companies to make up one uber. the question becomes whether or not some feel this valuation is justified given what it does. sf is it transportation? is it technology? remains to be seen. >> thanks domonic chu. markets have closed in the u.k. and across continental europe. rallying on that blowout jobs number here in the u.s. stronger than expected german factory orders and hopes ecb expands stimulus next month. the bundesbank did reduce its economic impact for this year

and next by quite bit. the big winners. daiml daimler, vodafone, ab index. when we come back, inside the nba's new instant replay center with the president of basketball operations. and first rick santelli, what are you watching today? >> what everybody is watching of course. the jobs report. is it perfect? no. is it better than expected? oh yeah. it definite was. we're going to discuss why the treasury market move wasn't more exaggerated and what that may mean down the road with regard to interpreting the weakness in europe. how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat

their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing.

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data can help show you how to win, no matter what business you're in. today there's a new way to work. and it's made with ibm. as the dow closes on 18,000 we're trading the jobs report, and whether the fed raises rates sooner than expected? and what does dan niles think about the downgrade of google? we're going to ask him live. and the jets. and gridiron glory. and carl, there is a lot of chatter in the news room anticipation about dow 18,000 but everybody buzzing about jon fortt and his moves on the dance floor last night. >> well, you know. i don't get out much carl. scott you have seen me at the correspondents dinner.

i don't get out much. when i do i leave it all on the dance floor. >> yeah you do. >> over the rick and the santelli exchange. >> good morning kayla. 321,000 jobs. 5.8 unemployment. really doesn't reflect the true nature of what's going on with regard to unemployment of course because of the participation rate still hovering at 62.8. but still good news in report. up .4 average hourly earnings. a step in the right direction. and political aspects came into the marketplace and i understand after the crisis maybe a normal response. digging into these numbers is something that's always been done. now when you see a lot of extra digging many say well, you know, can't you just say it is a good number? well it is. but to be fair, places like zero

hedge, smart market. pointing out the disparity between part-time and full-time. and with the average hourly week between 30 hours versus 40 based on the affordable care act. i see 232, i'm astonished it is about higher than that. but granted yields didn't move up but they didn't move up a lot. let's go to the charts a minute. you heard me talk about this area of ten year where we basically had a number of sessions close to 20. sessions not days. we settled at 230 and 238. and august 13th and the end of august you had 234 as a significant bottom. so this whole area is important.

there is going to be more of a liquidation fore thought to the end of the year especially consideration we closed at 303 last year in the tens. so if you were short, you didn't have one day, not one single day you were making money. because yields basically have gone straight down. so how can you profit from this? pretty easy. i would consider this. that in the next two trading sessions, if we see the market close above 238, most likely you are going to go back here towards the end of the year. around the 260 market. if you muddle in the 230 to 238, you are going to drain a lot of that off. my guess settle between 2 and a quarter and 230. if we continue back down i'd set my target as i have many times as a 214 yield. the most significant day october 15th. that doesn't happen much. and days like today are great.

you get movement, the emperor is kind of naked. you see the market for what it is. the fact is at 232 it is into the zone but certainly not rocketing. final point, the reason. europe. it is now more about the equivalent trade and relative trade with yields over there maybe taking a priority over the normal impact of stronger data on treasury yields. back to you. >> rick thanks so much. an important day. in the meantime we're an dow 18,000 watch. just about 32 points away from that milestone. a lot more squawk on the streets. back in a minute. will that be all, sir?

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dow readily approaching 18,000. just about 26 points away. after fresh interday records on the dow and the s&p. the best monthly jobs gains in nearly three years. we are on dow 18,000 watch as the markets look to cap the best seven weeks since 1998. >> a lot of references to the noo nineties today. in the meantime nba unveiling state of the art repl replay. joins the president of basketball operations for the nba and pride of west virginia

joins. welcome. >> hi, how are you doing? >> good to see you. walk us through what you are able to do with this new center that you couldn't do before? >> well it just -- number one it is like 66 times quicker than anything that we had before. secondarily it gives us the ability to put plays beside each other, zoom in, slow motion. it gives the referees an added tool in order to get more calls correct. it expedites the time it takes to when you go to instant replay and gives us more transparency with fans. it just does a lot of things for us that go into making our game a better game. >> rod, is there anything in this instant replay center or

the technology behind it that is eventually going to change the fan experience? the number of angles a fan has to look back at a play, the way they get involved? >>. >> who knows what's liable to happen as we go forward. but even now what the referee is seeing, the fan in the arena is seeing the same thing up p on the board. so the fan part of it has been enhanced already. and as more and more technology comes into play, who knows, you know, exactly what's liable to happen in two or three years. >> speaking of which, rod. we've had discussions here about the advances we have in sensor technology, in camera technology. how far are you willing to go as the operations chief for a major sports league in outfitting the court or the field of play with gadgets that may or may not take the human element out of

efficienting? >> you know, i think there will always be a human element. i don't think the ref reeerees going to be replaced at some time in the future. but, you know, as we get further along technologically speaking, there are more and more ways that we can help the referee enhance his ability to do his job, you know, well. and, you know, from that perspective i think you will see some other things that will help the referee do it better. >> rod, it is a $15 million project to develop. it took you guys a couple years. i'm wondering what vendors on the technology and media side made this possible for the nba. >> you know, obviously there are a lot. among them the zeo group, has to do with band width. cisco, that has a lot to do with the infrastructure that you see here. and then samsung, you know, the

94 monitors, high definition monitors from samsung. and there have been -- you know, there are others but principally those. >> well, if it can help the knicks win a game or two, rod, a lot of new yorkers would be for it. it's so good to have you. thanks again. >> thanks a lot carl. i appreciate it. >> rod thorn, nba's president of basketball operations. dow now 18 points away from 18,000 and the s&p has joined the dow with a new interday high. >> we're getting close and will continue watching. but it is friday so it is time to crown our tech crowd winner of the week. which campaign would you fun? jolla claims to be the crowd source smart tablet, lets builders share now apps and smart features that. company battling lantern, a solar powered internet receiver, providing free internet access from any location by tapping into the global satellites.

with 67% lantern has been crowned this week's tech crowd leader. >> as we said, dow 18,000, getting very close. we're back with more in a second. twhat do i do?. you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. alright, so this tylenol arthritis lasts 8 hours, but aleve can last 12 hours... and aleve is proven to work

people say why don't you have a countdown clock, bob? it's happened so quickly before we could put one together. >> and the big action is in financials and a lot of people are trying to figure exactly why. because the yield is flattening, not steepening and normally isn't good for financials. but a lot of people in financials i talk to say this is an economic play at this point. >> the idea would be if people are earning more money, they are spending more money, they are more confident to put things on credit cards which again is yet another reason why the banks could be able to benefit from an overall strengthening economy. the idea now is that the economy is strong enough to stand on its own two feet, regardless of when the fed decides to raise rates. do you agree. >> well certainly the number was

golden. it wasn't just the jobs. it was wages. and hours. increased had hours of the equivalent of adding maybe a couple hundred thousand jobs. so this was really imprifessive. we had some resistance. 2075, 2078. we now pushed that through that. and we may be wearing our dow 18,000 hats before we go home. >> best we've seen in several years. so you can see a lot of consumer names moving. so traders do believe there is going to be more money in people's pockets at this point? how much to do with oil? the strong jobs, energy should be cheap. is that part of what's driving? >> we're seeing retailers you have double digits. 15, 20%. far outperforming. so yes there are a lot of people betting on that the problem is

it's already baked into these stocks at this point. when you have a 18, 19, 20% move, even walmart has had an amazing quarter. they are expecting oil to remain low for several quarters. they better deliver on that. >> why equities -- comingier than we thought. >> look at the financials and other areas that they can sustain it. that the fed still will be reluctant to rush in. and if they do it, it will probably be in baby steps. so they think you are going to get some real benefit out of this. as jon said. you have falling oil prices. that is a tail wind. not a causative for this but a tail wind for them now. >> a year ago we would have been down 150, 200 points today. and it is a real sign the market -- the markets maturing in that outlook but certainly the wage gains i think was a factor. >> when you look at the ten year, we haven't really seen

yields skyrocket this morning. a muted basis points. 231 last i checked. do you expect that go forward? >> as i was saying the market is telling you because of that they they don't believe janet yellen and the fed is going to move rapidly. and that they will find some way do this in a very measured fashion and benefit will be there. >> you can see in in rate sensitive names. utilities only down modestly today. a year and a half ago they would have been down 4, 5, 6%. reits another rate sensitive very modest decline. >> do you think we can revisit the nineties the way both going higher at the same time. >> i don't want to say absolutely. the wild card is off shore.

but it does look like they are trying to get into that golden mean where everything goes just right. >> we're going watch over the next few minutes and hours. for that time being that does it for us here on "squawk alley." let's get to scott wapner with the half. >> carl, thanks so much. we just like you continue to watch that right there on the right-hand side of your screen. as the dow approaches 18,000, a level it has never been. and remarkably it has closed above 17,000 just five months ago. and remember just six weeks ago where we were on that mid november day. there was so much fear in the market, guys. and now we're watching the dow closes on 18,000. the full team. steve leisman to report to that jobs report. surrounded by traders ooze well. pete najarian, mike murphy, josh