course we're in the middle of the at&t booth, the biggest technology boom of all time. >> glenn, thank you for spending the morning with us. >> where are you playing? >> cypress? >> the island? >> that does it for us from pebble beach. michelle and andrew. >> michelle enjoy the long weekend. "squawk on the street" begins right now. ♪ ♪ yo pump up the jam ♪ ♪ nba all-star weekend starting a little early in new york as two of the league's best players will be here at the big board. and there is a basketball hoop on the floor. we'll talk to kevin durant and james harden later on on "squawk on the street." i'm carl quintanilla with jim

cramer at the new york stock exchange. stocks set to open the highs of the year with a nice wrup side surprise. upside. and oil up. ten-year remained huddled around 2%. the market all-time highs. s&p within striking distance. and dow, 18,000 yes, back within reach. american food giants getting hit this morning, we'll have more on kraft, kellogg, conagra and campbell soup. and jack ma fired up his employees with quote, we haven't been that satisfied with our results." the dow looking to bounce back to 18,000 s&p is within striking distance of that record closing high. the economic growth in the eurozone it accelerate in the fourth quarter. german "gameday" up 2.7 on an

annual basis. athens is up 4%. the highest since december jim, we're going to get this done? >> oh yeah it will be done. a stretchout. first about six points and then lengthen ma turitymaturity. you could say it's kick the can down the road. spain, i like the turn there. the double-digit gains in europe. of the cisco talked about double-digit gains. it is happening. it's peaking. it's coming out to be a rosy scenario that people weren't looking for. >> you say the dollar peaking. v.f. campbell's conagra, we got a downgrade of anf on the same issue. >> what you're seeing is people making their projections based on 110, 100, we're not going to get there. it's going to set up a very good

second half of the year. look, they could try again to take the euro down it's just the strength of the economies there, not just girl mane although watch france. the strength of the economies is europe is up when it comes to autos, industrials, and consumer spending is picking up. >> i still find it hard to imagine. i hear you say those words you've been right add least what it seems you were talking about green chutes. what caused it? >> well the currency they based some the point to where they do have a lot of competitive advantage. look, we dovt like it from the point of view our president, our treasure so they should be talking about this this is a walkover on our nation. but also energy declining. them have less of an energy intensity issue but it does help them. >> german real wages, biggest gain since '08.

that's what it's all about. that's what's striving domestic demands? >> germany say locomotive. and i also think that germany has had a great run here that they can afford to give a little of the 11 million. i'm also tired of hearing, you can't help without spain and italy. spain and italy are doing quite well. the next step are the banks. are the banks solid enough? and the answer there is david is not. we know what happened first in our country that gietner put the screws to the banks. they've never done that over there. >> no they haven't. their initial pass of stress test was a joke. they've gotten more stringent on those tests but they're nothing like what we went through very early on which gave our banks the opportunity, of course to raise enormous amounts of

capital, which they did, fill their holes. abdomen how much comes bag to mr. draghi? >> he's done a great job. i'm not just making a political statement. i'm just saying that the eurozone numbers are testing that there's something good happening. and it's happening at a time when few people saw it happening. when you talk to an ibm, they're not seeing it. but when you talk to networking companies, they're seeing it. when you talk to auto companies they're beginning to see it. dnf corp. say big provider. so you have to go with who told you things were better. >> sure. >> and if they're telling you things are better i see it from the wall street side it's just not working. >> finally, come back to greece quickly. every day, it's closer it's not closer. what will the impact be if this thing keeps lingering or if in

fact they still keep giving them the stiff arm and say, no we're not going to do your deal. >> as the economy gets better over there it becomes more of an asterisk. growth doesn't cure all of it. growth makes it whatever happens is more palatable. the background or growth of "gameday" gdp makes it an easy issue. >> many would argue -- >> i think that's now down to say, 10%, 15%, i say it's lowering your chance and negative outcome. >> we're conditioned to not be that's the problem. >> right. ultimately, when you have completely written them off is when numbers do get better. we saw that in march 2009 in this country when you decide -- when ben bernanke goes on "60 minutes" and says you know we're not going to have any more

banks wiped out. you're like what does he know? what was it. there is a lot of news in the food sector campbell and conagra and naming sean connolly ceo. kraft with quarterly resulted in a shake-up up. >> kraft was a little bit better. when i first saw the conagra news, i said you know what they need bond. that was a good pick. and it turned out to be sean connolly. >> rodkin has more spreads. >> rodkin? >> rod kin. he didn't do that well -- >> no he did not do as well on the deal. it looked as though it would be a decent deal and it has not turned out. >> connolly is what 49? >> i know they need someone young. when you go and look at conagra

brands you see everything in your pantries. our kids do not have pantries. pantries means it's canned. in even of nuclear war you can eat everything that conagra has. we don't want that we want fresh and natural. >> they blame execution shortfall, they blame the dollars, they blame the courts. >> blame yourselves you've got the wrong brands. campbell bought this bullhouse. when i got them home there's nothing owned by campbell's. when i googled them oh my does campbell's know this stuff doesn't keep? you have to refrigerator it. >> it's been cisco and apple. it's been kellogg and coke. all of the packaged foods. >> you look at whole foods and

you recognize that whole foods is back. and whole foods does not sell a lot of the companies blowing upright. i don't know if you guys went through the transcript of the quarter, i still regard them as believing they have the right project. they've got a project. all of these food companies, they always have a project going on that's going to surprise people. in the end, it's the dogs won't eat it. you can put a new label on that dog food new and improved, but when you put it in front of them, they don't say that they say huh-uh. >> on kraft, very quickly, i would note of course remember late last year, during the christmas season they changed the ceo out. >> yeah they did. >> and they did it quietly without a great deal of attention. john cahill was the chairman and he became the ceo of craft. mr. burman took his exit. and not a surprise. >> i know but one of these guys

has to guy white wave which had a phenomenal quarter. isn't this amazing that plant-based drinks walnut milk in china. you know that milk costs a substantial amount in china than here. you drink walnut milk from white wave. they expanded dramatically because of the china initiative. >> that was one of your 2015 calls that -- >> greg sat there and had the audacity to come in that the broncos were going to beat the seahawks. that's his last bad call. >> i just keep trying to squeeze the walnuts and get the milk and it's not happening for me. >> how do you squeeze the walnuts -- >> it's my technique. >> you have to grab them and crush them. that's how you get the milk. that's what the expert at the conference said. >> we were talking about chinese

companies. you might not know that chinese companies typically hand out red envelopes of cash to the workers on the even of the holiday year which begins wednesday. gentleman ma is-- jack ma said don't expect red packages. he said, quote, in the past year alibaba group has not had exceptional results and not had any special prices. the success of becoming lists should not be a surprise as it was the result of all alibaba's employees' work over 15 years. but aside from going public objectively speaking, we've been that satisfied with our results in 2014 that we should distribute red envelopes. >> does that refer to the chumps

who bought it on the ipo -- they're not chumps because the stock is still high. i read that to contrast to elon musk who said we're much stronger than you think. and here's a guy that says we're not as strong as you think. i actually got heat from jim cramer i didn't that heat. >> and i'm not changing my way home. >> a very strong opinion. >> the conference call -- i'm calling that the worst conference call since jeffrey skillings. ma does distinguish himself in being non-chairman like. first of all, he's not the ceo but in the sense of a leader of a country, we don't typically get people saying things like that. in the interview a couple months back you don't hear people say i'm not that happy. it's making me sad. >> he has an existential crisis

right in front ofus. >> yeah. >> everybody in china is having weak numbers because china is weaker than we think. >> the numbers aren't bad. just the multiples of stock received from those expecting higher growth it may not have met that. >> when you said china is slowing down the second thing you said oh no it's still much better. but the problem is we've come to believe that china, maybe they're not importing as much iron maybe not importing as much steel but the domestic economy is better than expected when i heard electrolux ceo said that appliances were down. i said china is absolutely solid. when we come back -- not buying cars either. >> no. we got a lot more on this morning's winners and losers as we head into the final trading day before a long weekend.

the basketball best kevin durant and james harden join us here on the big board ahead the all-star year. and the dow haven't had a range that it wasn't triple digits. see you more from the "squawk on the street."

oh. kevin durant. kevin durant. james harden on the balcony there about to ring the opening bell ahead of the nba all-had star weekend. we're told they're going to take a shot maybe, to this hoop on the floor from the podium. >> they'll make it. they're unbelievable. >> we'll find out more in a minute. all right.

i like that song. it's hard not to listen to it. ♪ something happened -- ♪ >> you know what happened 25 years ago? on this day? you do know i know you know. >> drexel burnham. anybody remember that name drexel burnham lambier. went bankrupt. since then we had the financial crisis we lost bear stearns, we lost lehman brothers. you may forget the seminal moment that was when drexel went chapter 11. it was valentine's day right around that time, 25 years ago. it had been wall street's most profitable firm only a few years earlier. when you think about that of course, we do know with the financial crisis having passed and what we lost there, that can happen pretty quickly, can't it?

but, you know we're talking about a company that merged in '76 that started using, yes junk bonds in '83 to finance hostile takeovers. became the most profitable firm. and then the guilty plea from ivan boeske. but it was the bond which was arrested by milken who led to that profitability. some of the people they're dealing with are some of the same people we're dealing with now, carl icahn, nelson phelps. ted turner all of them were recipients of the junk bond largess and mr. milken's great inventions or ability to popularize or spread throughout the willingness to invest in an area that otherwise really had been shunned by investors.

so many really significant companies still to this day. and of course significant financiers who are still with us, are beneficiaries of that man right there. of course dealings that would bring in charges of racketeering, lead to a prison term. drexel itself reached a settlement in 1989 it was milken that brought it down. when i talked to milken a couple weeks back, shed david, i was already out thereof. it was the simple fact that they were borrowing short and lending long. in '89 remember the lbo of the american airlines that didn't get done. >> oh united. >> allegiance. >> and that's really what it was. eventually, it's the old story, so the firm went down then. of course what i think is interesting, jim how many people from the firm itself who have gone on to have very

significant careers on wall street. now, many of them may not have spent that much time there, others studied at the foot of mr. milken or worked closely with him. we're talking about a pretty significant group of people. for example, leon black. ken mollis mollis and company. rich handler who runs acadia and jeffries. the list goes on. steven fineberg from seberis. and big buyout firm. the owner of the milwaukee brewers. the wrestler brothers. it's the gary winick founder of global crossing. just some of the alum. and finally, we're left with this take a look at this this is simply junk bonds, well they

call them high-yield now. drexel may be gone but they never went away. of course the competitors move farther into the market. we had a record year in '13 and last year. >> in terms of people who have come back after a brush with the law, is milken not the most foremost with what he had decided to do with his life? >> you know, one day when he had writes the book i'd love to either to read it or work with him on it because of what he's done in health care and a number of other areas. >> i gave to a charity that i didn't even know was his. he's like that. >> and he's in touch with all of these guys constantly. i will tell you that as well. >> it is interesting, 25 years ago today. we'll get cramer's "mad dash." stick with us kevin durant and james harden after they ring

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♪ all right. we got about five minutes to the opening bell. you know, the president is going to be talking cybersecurity later today. >> yes. >> it's a big issue, he's in silicon valley you want to talk about it too? >> every time there's a hacking or a presidential speech or the treasury, a couple stocks go up.

fireeye and cyberart. it's got great security. what's amazing about this david, this stock had such a big run, a lot of people felt like it couldn't deliver. it totally delivered. these are the two that people are saying when you're in a jam, you want the master key -- like if you're a bank you want to have one key that opens the whole thing if you know what's going on you call cyberarck. if you have a forensic problem, you call fireeye. it's like they didn't deliver the story enough. they delivered onward and not promotional. we push it very hard on "mad money" just because people just told me in the banking business yeah cyberark is very good. but these companies are hard to understand. that's one of the reasons why, when you read it it's kind of like when you read it anthem called us at fired eye. every single hacking incident is

promotion for these guys. so, david, you've taught me that, the incidents are just going to keep coming. every bank has to do business with cyberark is the way i would look at it. >> we're going to have the opening bell and kevin durant and james harden right here on "squawk on the street." stay with us.

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you see the basketball hoop on the floor of the exchange that's because james harden and kevin durant are going to ring the bell ahead of the all-star weekend. they're going to take a shot each one shot from the podium to the roof if they make the shot the new york stock exchange and bbva will donate $10,000 a piece per shot to junior achievement, potentially raising 40 grand. $5,000 if they miss. we'll see how this works out in a moment. there is the opening bell. bbva and bbva compass with kevin durant and james harden sell rating the nba sponsorship. we'll be talking with them. over at the nasdaq scholastic publishers of children's books, celebrating valentine's day with clifford the big red dog. so do they have the ball out? you'll let me know when they do? >> yeah. >> we do have earnings to work

with jim. >> cold day, reminds me of columbia sportswear. last night on melissa's show just hitting the ball out of the park cold day, people don't understand how cold it is in new york today. we talked about advertising for cybersecurity, this weather is an advertising for dubai columbia sportswear. >> timberland up 11. north face up 12. >> wow. >> although currency is going to take a bite this year. >> at this point, look this had been at the beginning of reporting season it would have been a bummer now, it's like bring it on. cisco and boeing didn't have any problem. why? because they're priced in dollars. >> speaking of this nike is going to have a new cfo, current one is retiring. >> i wonder whether durant who is the nike guy -- >> yes. >> -- follows nike.

you know some of these basketball players are so much more savvy than you realize when they do endorsements. they do a lost work now. and the other side does work as well. >> yes. oh there's a -- >> oh lee from the new york stock exchange. >> he went to georgetown, maybe he didn't play. >> more than they're accustomed to. >> oh, my gosh beautiful. from downtown. >> and here's durant. oh my gosh! >> for three. >> that was great, wow. 20 grand for junior achievement. farley has played some basketball. he was a baseball player in college. >> where was it georgetown?

>> i'm not sure. >> he's a good athlete. >> talking about sports. they got other people trying it here now. >> there's a difference somehow between nba stars and other guys. >> cbs is up a lot. talking kind of sports. of course, the nfl being the key for them. march madness. >> thank you very much. >> that's absolutely right. on the conference call leslie moonves. saying i'm not making any predictions but i feel confident we'll once again lead the marketplace in pricing and value as we approach the upfronts. and we'll also see more advances towards the currency that better represent people who are watching our shows are getting paid more for delayed viewing and things of that nature. so-called c-7 will be the most common currency. that's watch plus seven days.

jim, something we talked about a lot which they also mention on the crawl, of course how much stock is bought about. >> yeah they were in there. like disney went -- >> this is a good call. >> it was. >> you listen to prices. >> i don't know it was "good wife" and "60 minutes." >> yeah they brought back 106 million shares. another $45 million, of course that came along with cbs with the outdoor splitoff. 24% of their share base jim. and they say hey, listen we saw $3.8 billion remaining in the current authorized program. you can be sure we'll continue to be very aggressive and opportunistic in the buybacks. >> moonves who will be on "squawk" last week said super bowl ads could start north of five after ratings so great on nbc. thanks nbc.

now saying they could go $5 million to $36 million for 30 seconds. >> this was an amazing call. the stock was so horrendous going in. a classic case of the stock not signaling what was going on with the company. >> not giving a boost to the rest of the media complex. viacom is up 1%. they've got specific issues of their own, including jon stewart's decision to step back. >> time warner is one, i say, oh just a really good quarter. cbs is just very solid. >> we've got gaming companies reporting, zynga's down 13%. breakeven was a meet. but the bookings disappoint. king up 16%. a beating by 10%. >> candy crush, finally able to diversify. that was a disaster by the ceo. the company is making it back. a good quarter. >> a special dividend and a

buyback. we're talking to strauss. >> strauss is a good guy whose stocks should be up. went to 31 and, boom back to 27. >> with all that and the dow's up about 14 points. let's get to bob on the floor. hey, bob. >> the nba people here talking about those two great shots. those two great shots they were something to talk about. talk ago something to talk about, we're waiting for new highs on the s&p 2090. if we closed over 2090 the old high historic but not here yet. take a look at sectors at new highs. the semi conductor index which i've been talk about, smv is the symbol there. the midcaps at historic highs. home builders and a 15-year

high oil over $50. there's definitely been a growth bid to big had-cap stocks this week. i mean the growth part of the s&p 500 sector. take a look here. tech stocks leading this week up 3.5%. consumers, financials all the growth part. and the more defensive, utilities, health care they've been lagging. definitely a bid here to the growth end. speaking of energy we had a nice move in grant earlier. west texas. the usual names, danburies, apaches. europe is also trading up. nice moves in greece spain, france and germany today. economic growth was generally stronger than expected. the eurozone gdp, pretty good 0.3%. look at the breakouts with

europe piece gdp how different it is. germany is leading wait. ging the way. france was certified italy certify greece down 0.2% so you can see it's very uneven. but on the whole it was better than expected and that's the major factor that were see in moving the markets ahead over in europe. else where the global market is still higher in other parts of the world, china shanghai index up 1%. i think that's the fifth straight day of gains. the central bank over there, east borrowing regulations on the shanghai trade zone. that's helping out. and a lot of speculation, more stimulus from the peoples' bank of china. 2090.81. we're close on other indices. i'll send out more information later just how close.

just a couple of percentage points on other ones including the dow industrials. guys, back to you. >> bob, you know i'll take it from here. if we look at interest rates today, a couple of things jump out, first of all, 2s, 5s, 10s, 30s up shifting up two bases points. we sell at 198 yesterday. and we're hovering at 2%. very close to the high-yield close there. going back to the first week of the year as you can see on the year-to-date chart. let's look at boons. something is changes. in the meeting, really on the two-day, you see where they closed yesterday on the low 30s. this is something different. why do we need to pay soon. let's show a ten-year chart between ten-years and bund years. if you go back to the late '80s,

'89, you would find wider leveling but it's a long haul since we've been there. if we look at the foreign exchange market i continue to focus on the dollar yen. it seems the bank of japan after banking on quantity tiff easing and large helpings they're basically thinks any more might be counterproductive. that was said the night before last and it's definitely had an effect. you see the dow moving down there after the show year to date chart and the failing at least at this point. back to you. >> rick santelli thank you very much. ahead of the nba all-star weekend, after making those amazing shots from the podium. we're joined by kevin durant of the oklahoma city thunder, and james harden of the rockets. and those shots were made from downtown, james. >> i was a little nervous. got it to go in. >> is it good to be back in

new york? >> yeah other than the weather, it's good to be here. amazing beautiful fans and people. >> kevin, let me know you, you are known as the endorsement for nike and sonic. i had a company called sparkling ice on "mad money." you endorsed them and you didn't get any money. you just like the product? >> i love the product. we'll take it off camera but i love the product. >> well what does this mean for bbva, and why are you doing this? >> well, the main thing is we want to have our brand attached to things that people are passionate about. this is really the dilemma of marketing in the 21st century. we want younger generations to try our story. we love basketball. >> but could have gone to lots of different leagues right? why the nba? >> it's an international sport. bbva parent companies in 31 countries, there are players from every country representing

them. the whole planet is watching its players. >> i was watching yesterday about how much stern did for the league i mean just basically taking it from one environment to a completely different level. has it changed for you as a player with guys like ballmer and lazery big players, has it changed the player experience? >> no it hasn't. it's the game of basketball and globally it's amazing, you've got guys everywhere that want to play in the nba. >> kevin, you gave an mvp speech, did you know at the time that was going to be a luge gehrig-like speech it would go viral and people would talk about your moms and real lives? >> i did not. i was speaking from the heart. i experienced so much growing up. i just wanted to share that.

>> it blew everyone away. it's amazing. everyone should watch it. >> it will live on for years. >> autumn silver said that gambling should be illegal, what do you think about that? >> no. >> not going to touch it? >> no. >> i love playing basketball. >> speaking of playing basketball, the "daily news" did a piece saying would kevin come to the knicks in free agency. they quoted a guy close to kevin saying no question about it. >> no clue about that source. i just am here for all-star weekend. >> kevin, for a knick fan, i know you can't answer '73, you're a winner no place like it. we got a great player that can play defense like carmelo. '73, it's a long time ago.

>> finally, guys before we let you go obviously, you're both kings of endorsements. how do you decide which brands to align yourselves with now? james? >> it's just the right direction, as far as me and marketing miegs. you know first of all, i'm honored to have a partnership with them. i'm just on the path on the way up. and with them and the way i'm going, it's all positive vibes. >> and for you, kevin, we are at this very set right here we talked about under armour nike under armour mike. we know what decision you made. >> it was just continuity continuing to go with something that i had as long as i was a rookie in the league. i love bbva and it seems like me. everybody in that organization seems like me. it's great to be a part of.

>> you've got kids back here with balls i think they hope you'll sign. and farley you missed the shot. >> guys congratulations, we'll be watching. manuelo, thank you very much. when we come back, strauss zell zellnick of take two in a moment.

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here's a look at the dow, s&p is above its all-time record close. and we do have dow 18,000 yet again. only first time this year obviously. only a couple days this year has it been above 17,900. >> these big companies that have business in europe are doing

well. return to the oil stocks chevron, exxon. you're seeing major moves both in commodity sizes and in europe moving the index. it's not in america. >> the bulls will want to point out that the industrials have taken the ingersoll rands of the world. >> yeah. >> you're.europe. >> that's because europe is very good. i still wonder if europe is sustainable. that's an easy think to wonder. >> look qe. you look at the makeup of the index. look at larry robertson with mcdonald's. >> i wouldn't read too much into that. it's a very small position. he mentioned in a closed-door meeting. of course, there's no such thing, everything is on the record. with ackman saying you liked this thing eight years ago, now i own it. >> look the real estate it could be value-creating for mcdonald's involving its own

real estate i wouldn't read too much into that. >> goldman sachs these companies are doing incredibly well overseas. it's a big sea change. and some of the companies i'll tell you if the dollar really has peak their numbers can come back up. this is an amazing time for that particular index, 3m once again, being done without ibm and american express. >> especially if -- >> i'm horrified by that deal. how did they gel on it? >> front page of the "journal." >> it was disastrous needs to make a deal. costco say huge percent of their growth 7th. >> as we're talking at s&p is at 2913. that is a quarter point from the all-time intra-day high.

basically we're there. >> and if nasdaq takes out march. >> who would think weed'd see that? >> i know. there's a lot of company that's dow that are big international companies seeing the green chutes. we'll come back with jim cramer and the s&p. all-time highs.

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time for cramer. >> watch apache why? this is a bottom call. half of the bankers are saying -- some are saying it's going to go 30-40. some say it's time to buy apache. it's a great production growth stock. that's typical of what's happening like px gray. and regreating of the drug companies we're seeing j & j falling out dramatically they always find one they like. they like glaxosmithkline. watch gsk versus j & j and watch

apache. that stock 33-75. >> and j & j yesterday -- >> yeah a patent issue or a patent revolution i don't think that's real. i'm not worried about it. >> that stock has had a couple of rally days? >> there's always with patents, it's such a big part of the company. i'm going to dismiss them. that doesn't mean the sales are going to stop. >> what's on tonight? >> we're doing private companies. i think it's really important to stay focused on that. novavax, i haven't focused on vaccines all week. obviously obviously, vaccines are problematic to measles. they didn't go away. >> people say we're at these

record levels once again on a multiple basis, the s&p is expensive? >> 18. i think a lot of the stocks moving up are not that expensive. it's funny, the food stocks are the most expensive stocks in the market and they're getting their comeuppance today. and with the stock upwards, it's going to make is it so this makes sense but both of those have to happen. >> have a good long weekend. >> thank you, yes, you, too. manman at 6:00 p.m. breaking news, consumer sentiment when we return. know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner.

know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today.

♪ good friday morning. welcome to "squawk on the street." i'm carl quintella and sara and the s&p has never been higher. better than expected european gdp. check out oil trying to reclaim 53. we've got brent back above 60.

food giants conagra and kraft deep in the red. we're going to learn how to read the stocks. plus ceos from silicon valley to discuss cybersecurity. the former technology manager for the united states will join us live to how companies can defend themselves. and apple trading near another record high. is the growth sustainable. rick santelli is over at the cne, it's consumer sentiment. >> it's a big number. 93.6. this is february -- february -- that does it -- 93.6. last time was 98.1. that's the final for january. the neat thing about that number, that was the best since january 2004. 93.6, as good as it is of course backs up a little bit into that. but it's still a hugely lofty

level. let's go through the expectations, one-year inflation 2.8. and five-year, 3.7. all things considered this isn't a surprise. but as stocks continue to move up it is putting pressure on selling treasuries pushing rates up we're we're not trending above 2% again for the second time this week. back to you. >> thank you very much rick. before today this year we haven't hit any fresh record highs on the dow and s&p, that's clearly changed. stocks opening in the green. the dow hitting 18,000. the s&p within the last few moments hitting 2093. that is a record high. it's worth noting actually that for the month so far, for the past two weeks, we've got a gain almost 5% there. almost 5% on two weeks on this market. joining us now is post-9 is

chief strategic jeff poscic and michelle meyer. welcome both of you to the program. jeff, it's a strong rally now? >> it is. we believe it's part of the relief rally. the economy had a blip in december as you move in getting data for january. the consumer while a little disappointing is not dead. employment trends continue. and now we're seeing some stability in the oil and energy prices. all of this leads, we think to greater investor confidence and that's fuelling a lot of this. >> you guys have $27 billion under management. what are you advising people to do now? given the analysis that you've got there, what now works best? >> we're long-term pulse but we're more restrained in our bullishness than in many years. we just think we've come a long way. we're you coming into tip the late-cycle problems. we're seeing constraints in the manufacturing sector which means

it takes longer to get the goods you need to grow your business delivered as well. >> as we have the record highs, michelle do you see any disconnect between what the data is telling you? the retail sales were disappointing. some of the steam, momentum, that we built at the end of the last year is coming out of the economy? >> i think it depends on which economic figure you look at. so for the labor market the momentum is building and it's doing so in a strong way. we're running the a solid pace of job creation. the unemployment rate is hovering close to full employment. sara, you're right in terms of gdp adding up it looks like q4 is going to be lower and q3 we're sticking to 3%. some retailer sales looking softer. maybe 3% is going to be a little optimistic for q1. it's a mixed bag when it comes

to activity data. >> michelle i know this is anecdotal, but "usa today" surveys people about whether gas prices have changed their spending behavior. i think 48% say no impact. 30% say they're saving more. >> yeah. >> the percentage that are spending more like 19. do you believe that? >> the data seems to suggest that's probably right. retail sales were fairly soft in january. core control which takes a lot of those volatile components including gasoline prices was only up 1.2% in january. yet, the savings rate in january picked up. and it looks like the savings rate in january is also on the rise. the question to me is though is it a matter of lag? is it the initial response in gasoline prices is to indeed save but then after that you begin to spend. >> or is there something going on with middle class that highly paid wall street analysts don't understand? because you couldn't swing a cat

on this platform saying that it's growing. and as you mentioned retail sales continue to disappoint us? >> well simon, i think it's the opposite actually which is that the declining gasoline price is going to be even that more impactful for the average person, the lower class person. with budget constraints. they're going to find that saving at the pump and feel potentially able to spend. if anything the stimulus for gas prices should be a bit more targeted towards those who would not have received the support from monetary policy. >> meanwhile back to the markets, jeff looking at the s&p 500 on the bounce. on utilities, it's the worst. is that the story? >> overtime. anything utilities, interest-rate sensitive has a problem. we think the markets have really turned here. obviously tough to call a bottom in yields but we think this is a

big transition year. the fed getting on a typing path makes a big difference here because it changes the calculation for yoblgoebel yield seekers. you don't go out to ten years you shorten it to two years. >> the best indication is germany. it's up 12%. even if you subtract the 6% move on the euro against the dollar people will be up 6% on the german investments so far this year. as they now approach massive qe some two months' time is that what is part of conversation? >> well we're neutral for the banks to develop international. i will tell you, however, the

act of disgretz. and we have that in more in japan, they don't have production. it's not a question there, it's a real strong stimulus plus the dollar being stronger we're seeing benefit in germany. >> jeff and michelle thank you for your time. >> thank you. earnings are in full swing and recent news from the top food companies has been disappoint. just in the last 24 hour conagra and kraft coming in lower. joining us now ken goldman. ken, up all night reading your research on these companies. look the strong dollar is certainly a nuisance. but it's no excuse these companies paint a real picture of an industry failing to deep up with consumer taste, correct? >> thank you for reading the notes. we were up all night writing them as well. there really is not an excuse. and a lot of these companies are

not using them kellogg said has said that cereal consumption is not as strong. and fx is really companies missing only on fx if that's the case they're actually going up look at white wave. they had a difficult guidance. but only on fx i don't think the street cares that much about it. >> pepsi and coke told the similar story. the stocks went up because of the fundamentals. who's gault the best management team kraft has a new ceo, conagra is going to get a new ceo. who do you think has the best team in place right now to deal with some of the major challenges? >> well in all honesty, i think if you look at the names that have done pretty well if you look at white wave they've done very well with yagles and mcpeak and dealing with the consumer

habits fun look at simon, irwin takes heat for being inquisitive. you can't lack that he's done great acquisitions. he's done a great job in building that portfolio right in line with where consumers want to be. i think what is missing from the picture, a lot of the food companies are not as passionate as they need to be. you think of some offed big changes in what's happening with yogurt and diet and weight management. the smaller keys are much better in line with where consumers are doing. >> why doesn't kraft buy a haine or white wave. why doesn't one of these big guys buy one of the faster growing organic food companies. >> well they have general mills bought annie. >> it's a small one. >> we feel white wave is say legitimate takeout candidate.

we can have any number. i don't list them here because i don't want any speculation. when you think about companies that are getting healthier beverages there are global firms that would ouk love to have a white wave. >> kerngs there are other people watching now who are really just interested in the dividend. and it's tough. and then they go into stocks like these that management probably won't do much to increase the top. like tobacco companies, however, they're great dividend pairs. if you look at kraft and kellogg, they're up over 3% as the stocks come down of course that dividend yield rises. should people buy in on that basis, or do you think in an environment where the ten-year is at 2% and presumably will rise, hold back and take it from treasuries? >> that's a very fair question you're asking. i think everyone needs to make their own decisions about that. i do however, think in terms of total returns including dividends there are better

options out there than some of the names you mentioned, white wave and han equivalent and smucker and some of the other names we have biratings on will give you dividends. but certainly for investors looking for yield and net safety from yield, i can think of worse options than the napes you mentioned. >> and in terms of overweight and interestingly snacks is a category with things going around in what jim calls the pantry. why is that? >> growth say relative term right when mongalees came out, they're down around 2% for next year. we look at that in our position as not that bad. if you look at what other food companies of size are guiding do it's negative. snacks are relatively okay. i think people look at snacks as a treat. they say most of my calories are not coming from snacks.

i can give myself an oreo every now and then and it makes it worth while for them to do. if you look at what's coming across with snacks had healthy snacking is making a good run. nuts fruit snacks. inroads. so we don't think that less than healthy snacking will be as strong as a few years ago. >> plus there are new flavors in oreos throughout. ken, thank you. next week after a busy week of food earning, we've got an exclusive interview with mondelez chairman herself. that's at 10:00 p.m. it's a consumer analyst group in boca. i'll be they're not just for the weather. i'm going. when we come back president obama assembling top executives from wall street for a summit on cybersecurity. we're going to talk to chief security officer aneesh chopra.

awfully close to all-time highs. "squawk on the street" is right back.

♪ we're up all night to get some we're up all night to get lucky ♪ we're up all night to get lucky ♪ welcome back. i'm meg terrell. take a look at fired dd eye.

fireeye shares up 15% since the company reported earnings on wednesday. carl back to you. as we said earlier, the president is holding a summit on cybersecurity. and can something substantial come from the summit. joining us to weigh in on the significance of it is aneesh chopra the first technology your of the u.s. government innovative state. aneesh, good to have you. >> good morning to you. >> tim cook say name and some say it's not gore flash than substance. do you agree? >> absolutely not. if you take a look at the administrative announcements today, more in the private sector have joined hands with the federal government to improve cybersecurity standards.

that's not a point of discussion, they're announcing their commitment to implement which is a positive step in the cybercommunity issue. >> aneesh when i speak to people on the topic, silicon valley in particular, they scoff at the department of defense's efforts in this area they indicate there's a growing schism if you will between the administration and its efforts on what they're doing in silicon valley? >> actually let's separate the two discussions. what we do on national security is a separate topic. today is about the private sectors' networks and the threats that they place which is governed by the commerce department. today, you saw intel, apple and a number of other companies voluntarily pledge to adopt the commerce department framework for protecting private sector commercial networks. so here you don't have so much of an antagonistic networks but one that is more reliable. >> should we be worried about

that as a privacy protection as the government and private sectors work together to turn over user data user information, that's going to cause a whole privacy debate and concern? >> well, the key presidential action today was actually allowing the private secretary tore work with itself not necessarily involving the government if they so chose. you just made the comment about fireeye's platform there will be more initiatives under the executive order that president obama unveiled can be propagated for the private networks. so ensuring privacy and security is critical. the move today is more in the direction of private sector alone in collaboration with the authority and the convening world of government to make a difference on private networks. >> aneesh there's an effort made to get companies to be much more forthcoming when they're breached. it does seem that progress has been made but many argue that

we're far away do you agree? >> on health care for example, every data breach is reported by law. you can take a look at the list and see all the attacks made around health information. you can see it's having the effect it's supposed to. health care companies are investing more on cybersecurity protection. and our goal is to get more of that kind of marketplace dynamic into the broader sector. that is an issue that requires the federal government to potentially address the patchwork across the states. many states have data breach laws that have come out of virginia. we have one. the goal is to harmonize that. if you're an employer and you deal with multiple states you'd like to have a national standard as opposed to the hodgepodge that we have today. >> isn't that the main stumbling block, that you should have data? >> that is at the heart of the policy debate the president called on congress to get work sharing. there are two issues liability

protection and protection of privacy. those cannot be done by executive action alone. you're spot on. >> there's also the refuserevelations. edward snowden revelations. one of the main things despite you saying it's a private-private solution, is to better feed data to the department of homeland security. for many people, whatever the question is the federal government in technology is not the answer. >> well no i totally understand that. we've had longstanding policy where you can have information sharing to the homeland security department. the news is now you can do so within industry focused and only consortia. that's the new move today. it's long been policy there are organizations that can feed in and collaborate. but let me make this observation -- better together. if i can identify an attack vector and i can share that knowledge with my peers, they can do a better job of finding that attack vector before it

infect, the network. the idea of information sharing is not so much government's got the answer or private secretary. it's that i found the threat vector somewhere pipe want to make sure my colleagues can benefit from that information. and that's the basic principle. and to do so while protecting privacy that led to that attack that's the key. >> still, though aneesh i think back to sony and how the president had advice on how they should have handled their disaster, i think that's fair to say -- >> yea. >> -- do you expect the white house to tell companies how they should respond? >> i think the correspond issue is passwords are bad, okay? the big question is how do we get to a more secure digital regime. that's a private effort. you're going to see announcements from companies saying we're going to use our technology. ultimately when you connect

digitally, it's about who you know and what you have. if you can do a better job of presenting yourself as who you are, it's harder for bad actors to come in faking that they're you. what you see in all of these private attacks, it's someone making the errant mistake of clicking on something inappropriately, disclosing their credentials and then having someone fake in as them and taking that data. we need better security around passwords. that's one more part of today's event. >> we'll see what the president does at this end. aneesh, good to see you. >> thanks for having me. a few years ago, wall street largely dismissed dating services but now iac is having the last laugh. and okcupid, fuelling the company's growth up 225%. up next, we'll hear from the head of iac's match group about the future of this dating trend.

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five years ago, wall street dismissed dating services claiming facebook would replace them but the trend took off with

40 million americans using online dating. july is in l.a. she spoke exclusively with the leader of online dating. >> the online dating is on fire. match, tirnd, okcupid said this is the best january it's ever seen. users up over 60% from last year. and up over 600% over the past five years. one challenge is that paid services including its flagship match.com with free apps including tinder in particular. which is why they're working on a paid version of tinder which the company says is launching soon. >> this is a category where, you know people are willing to spend a little money for an extra experience that's what we're going to offer in tinder. and if people don't, great. we don't think it will affect the user growth at all.

we've got enough data from prior products to make us highly highly confident if that's the case. >> blatt points to the success of okcupid which is a free service offering an alternative that tinder will have similar results with its new paid versions. the other question is whether apps are safe. finding over half of mobile dating apps are vulnerable to cyberattacks but blatt says they make safety a priority. >> we have a direct and our apps came out clear under their study. >> blatt said the explosion of online apps and online dating means there's a difference in free and paid there's a little bit for everybody. when we come back, apple cracked 127 today. it's off of the highs today as tim cook touts the strength of

the apple watch. just how high can it go? we'll talk about that. the dow up 62. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their

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i'm bertha coombs and here's your cnbc update. president obama is expected to announce an executive order encouraging information hearing between the private sector and the government. kara swisher will interview the

president at the end of the day. head to cnbc.com for that interview. meanwhile, mastercard sends to invest in the mastercard safety net. before fischers and processors notice a threat of one. yahoo! is reportedly cutting between 100 and 200 jobs mostly in canada after the layoff in october of 400 employees. hormel foods is said to be in talking with apple farms. >> thank you very much. what a week it's been for the markets and what a week for apple. and a market cap that made history but is the stock growth sustainable, katy stark is with bgig. this is an important break outhere? >> it has been.

this month, we've seen apple clear at its november high. right around 120. you could get a higher target out of 130 some that break. that fast approaching that targeted level. but the stock koshts to exhibit positive momentum across all-time highs in intermediate and long-term. and it's starting to feel like we can't go wrong with owning an apple. i think the key of sustainability of this uptrend has been stair stepping higher as opposing to going straight up or parabolic. ifs luke back to the 2013 load, there's four corrections averaging 4% leach.each. >> where are you calling it to? >> 130 is the best target on the upside. but it's by no means a stopping point for apple. it's probably a temporary stopping point where you might see consolidation from a

fundamental price point. bti has a price point of 150 which you can't rule out. >> let's talk about the broader market. s&p 500 amazing gains for of the past two weeks. up about 5% overall. high of this record high that we hit today. where do you think the s&p goes from here? >> short-term momentum is obviously very positive. and we're approaching all-time highs and that is sure to get a lot of attention. i'm not one to fight breakouts. if we do see a breakouts that for me would be closings above that level that is a december high. you could move as a target for 2250 for the s&p 500 with sort of an intermediate time horizon. however, i do want to note that has been a loss of long-term momentum that is somewhat concerning and knowing it's kind of an overarching concern for this year suggesting we may see more corrections than in the rest past.

>> i just want to hone the point that you're making. 293, 294, if we continue to maintain this level and close above it if i'm hearing you correctly, you're saying that the market could surge another 7% or 8%? >> that's right. breakouts tend to overrule anything that they're telling you. a breakout tends to overrule that condition because it clears the chart of resistance. of course, the s&p 500 has no resistance or potential selling pressure, really above that 2093 level. so consecutive close about to confirm that break outand help you avoid any first breakouts or whipsaws would project higher prices. >> what do you think about the nasdaq? do you think we can get to a record high above that bubble peak? >> i think we can. again because of that greater loss of long-term momentum that we've seen and globally the last few months.

it's possible this year and obviously going to be a focus. the more the businesses are focused on it and the more rife they become for that breakout i want to hedge that and make sure that everybody acknowledges that breakouts really do need to be confirmed we spend not just an intra-day buzz but at least a couple weeks of that. >> katie, finally on oil, everybody says when you start getting moves like this 7% up and do you, day after day, that's a bottoming process. then we get a call that says it's going to have a two-day handle what do you think? >> we have seen crude i will prize since last july. and what's interesting to me, really the action in the stocks. that's the stocks that there's improved sentiment in the space. and improved intermediate momentum and it does appear sustainable in the next couple of months. based on my relative strength

work i'm more interested in energy or materials as to something is that appears more overextended than say, utilities or health care. >> katie, great to see you. have a great weekend. >> thank you. >> katie stockton joining us there. coming up rico's kara swisher interviewing president obama tonight at the white house on cybersecurity. but before she sits down with the president she will be joining "squawk" life with the preview. we're back with "squawk on the street" with the break. there's nothing more romantic than

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♪ ♪ say bye, bye, bye lonely heart ♪ ♪ there's nothing missing in my life ♪ time to head to chicago rick santelli and the santelli exchange. good morning, rick. >> good morning, carl. indeed, yesterday, thursday we

noticed that the fed balance sheet intreateded 1.3 billion from $3.3 trillion. what are the consequences of all the very strange programs and one offset we've seen i'm not sure but maybe our guest will know more. thank you for taking the time chris wailen good morning. >> good morning. >> you know unintended consequences, about nine years ago, we issued the long bond after a hiatus of halloween 2001 to february 2006. peter fisher who is now at blackdock, i think he's a senior director he said at the time was with at the treasury, yet, we're paying for that little bit. maybe you can complain. >> it allows different coupons across the futures contracts because we didn't issue any

30-year bonds from 2001 to 2006 there's a dearth of bases to deliver against the future in technical terms. so this decision in 2001 kind of continued the clinton administration prethaens we didn't have that they were borrowing from the trust fund. remember, you were there. they said we'll front load treasury to save a few penneys but now we can see that this decision is distorting the markets and has huge implications not just for treasury trader but for the mortgage market they hedge off of this product. i mean it's sillier and sillier, the farther away we get from the decision. that's the funny thing about it. >> yeah but think about it put it in context, chris, 30 minutes before that announcement of halloween 2002 there were no long bonds. there were a variety of

investment banks that knew. they were trading and they had a 30-minute head start. forget about that. but just this issue as small as it may be gosh what possible unintended consequence could come down the road that i would say are a million fold more? >> how do people hedge with decisions like this that we're talking about, there are nome externalities distorting the market, all we have is this heavily stimulated system. it's like we're in the matrix is that oxygen we're breathing? not really. just for mortgage world and trading it makes life more complicated. >> all i know life is more complicated people do things they're not preplanned or dedeposed to do. >> well they don't know they're doing that.

>> our gps is broke. chris whalen enjoy your long three-day weekend. carl and others it's yours. when we come back, a very new way of raising money being used to redevelop detroit's old tiger stadium. crowd funding. we'll tell you the project when "squawk on the street" comes right back. ok, if you're up there, i could use some help. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions.

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♪ welcome back i'm meg terrell. check out red robin's shares. from estimates on the top and bottom lines. same store sales and restaurant margins did top consensus, red robin's shares down 8% before turning around now 2.4%. investors needed an ire stomach to stay in the stock. it was in the 70s this year and all the way down to the 40s. sara back to you. 100,000 people are attend two boat shows this weekend in miami. eye everything from inflatable

rafts to multimillion-dollar yachts are on sale. morgan is live there. some good eye candy there, morgan. >> reporter: there certainly is good eye candy. as you see behind me this anjos fishing boat this is asking for $125,000. the boat industry is finally beginning to recover. we all want to see these trophy boats when it comes to this high-end of a market there are three things that matter size luxury and speed. take this 110-foot sailboat. it's got a mass of 125 feet. it sleeps eight plus crew. it's got a master suite with a sitting room and a jacuzzi tub. the price tag just about $3 million. that's nothing compared to some of the mega yachts at the yacht and brokerage show going on this

weekend. their high yensd dealers tell me that european and russian demand is slowing down. however, american buyers are beginning to make a comeback. take this 125-foot yacht, this sleeps ten. two hot tubs and a dining room and a tender naturally. the maintenance on this $1 million a year. to fill up the gas tank $40,000. that's going to get you from here to miami up to the hamptons. the price tag, $8.4 million. you want to charter it for the week, $85,000. cigarette racing this is a company known for bad boy performance boats. it unveiled this 50-foot racing boat in tandem with the mercedes amgts road car. this goes 135 miles-mile-per-hour on the water. the asking price on this boat $1.2 million. that does not include the car. if you want that that's going

to cost at least another $130,000. guys, there's all different boats here and we're seeing the recovery in all the different boats on display. we're speaking to brunswick ceo jesse mccoy in the noon hour how that manufacturer is rolling out lower-priced newer models to cater to a consumer that's become much more value-oriented post recession. back to you. >> thanks morguingen. crowd funding is taking center field in detroit where the city's once famous baseball tigers stadium once stood. it's turning to residents to get the facility off the ground. could this be the new way of raising funds work for a city that recently emerged from the largest bankruptcy in history? joining us eric larson ceo of larson reality. eric, explain how this works, you're using a portion of the equity in this project, raising it by going online to local

residents? >> yeah that's right. this isn't a project that really needs that kind of support but it is very important in terms of the inclusive nature of detroit. we've allocated about 10% of the equities. about $400,000 that we're going to solicit directly to detroit residents so that people that are, you know part of this community, that have been raised in this community. that have fond memories of the upper deck and watching the tigers play all the famous games at the corner for over 80 years have the ability to own a piece of this project. >> what is the return for those that invest in the project? >> so we're working with a group out of new york called fund rise. ben miller and dan, are two brothers that started, and what they do is they'll collect the dollars and then invest in the project as one investor. they will do all of the back house support.

p we haven't set the exact return but my guess is it will be around a 9% return with, you know additional upside. it is an investment in real estate and there is some risk but the opportunity through crowd funding is to allow nonaccredited investors at part of these type of deals and so, you know especially for a place like detroit and for a storied site like tiger stadium this is an opportunity for a mother or a father to be walking down the street with their kid in tow and point at this project and say they own a piece of it. that's very important at this -- go ahead. >> eric, everybody knows the real estate struggles of the city. dan gilbert, of course. is this an act of desperation or why is this being done outside of regular capital raising standards? >> absolutely not an act of desperation. as i said in the beginning this is a project that has lots of appeal and we will have no problem being financed. in fact, we already have, you know, commitment for all of the

financing we need even before we finalized the development agreement, so i'm not worried about raising the capital as much as i am trying to make sure we have an inclusive process in a city desperately looking for inclusion. you mentioned dan gilbert and the momentum and he and his family of companies have created. this is the antithesis to that because what we're trying to do is get the everyday person involved in these projects in a way they haven't been able to throughout sort of the latest sort of push of momentum in downtown detroit. >> eric just changing the subject slightly and talking about the industry in general, i mean you're quite experienced done $3 billion of projects yourself, been involved in throughout your career. the biggest growth area apart from crowd funding appears to be persuading chinese people to invest half a million dollars in projects in this country in order that they get permanent residency under the eb-5 program. about a mile from where we are, hudson yards being developed

with $600 million from 1200 chinese people who want permanent residency here in the united states. clearly it's very controversial. i would be fascinated to know what developers like you think of, what is a major source now of funds for big projects? >> well eb-5 is absolutely a wonderful vehicle and i actually am very supportive of it. i know there is controversial around it in the fact that it's sort of buying, you know residency through those types of investments but the reality is you know, we need to have as diverse a set of investors in towns like detroit and new york you mentioned, hudson yard but we need to have that sort of diverse investment sector and you think about the fact that foreign investment is coming and it's not -- you know, these aren't dollars that then can be taken away. these are dollars being spent in brick and mortar that will last and stay the test of time.

i'm very encouraged by it. the state of michigan is looking hard at the eb-5 program, setting up an eb-5 shop at the state level and looking at it as it rolls down into the local levels like in places like detroit. >> eric, i think what a lot of people would say, the deal here is you have to create ten jobs each visa to do this. are they permanent jobs? >> these are -- they're a mix of permanent and temporary and like any kind of economic development there are a lot of temporary jobs created through the construction and the related sectors, and then there are the permanent jobs that follow through the development and the ongoing activation of that real estate. so it is very much about permanent job creation. >> and just very -- >> and building of the tax base. >> quickly, i just want to ask you a question about this whole notion of crowd sourcing real estate. it's very in right now. all sorts of sites doing it. i know that jobs act makes this possible now. how risky is it for investors,

average investors, to be all of a sudden buying pieces of real estate commercial real estate residential real estate whereas they couldn't before? >> it's like anything. there are firms that are going to be very, very disciplined and very focused on making sure that they're providing not only solid investment opportunities but protecting the investors and doing a good job of reporting both in terms of what the opportunity and the risk is up front as well as the project evolves and then some firms that aren't so good. i picked if it fund rise because they have a very, very strong track record. we are setting it up in a way that's that it's going to be -- while sort of an equity state it's going to be designed more like debt so that it will in effect be secured in some form or fashion because i really am not interested in having this diverse set of individuals, you know, not have a successful outcome. >> sure. >> so it depends on who you're dealing with but i think it's an industry that's here to stay and an industry that will evolve

and i think it's important to pick the right horse and i feel like i've picked the right horse. >> certainly is having a moment. thanks for joining us and sharing the story. ceo of larson realty on detroit. >> thank you for having me. >> coming up on "squawk alley" the ceo of take two interactive strauss zelnick weighing in on the state of the gaming industry after this quick break on cnbc. [ male announcer ] at northrop grumman, we've always been at the forefront of advanced electronics. providing technology to get more detail...

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today for the first time this year we made fresh highs, record highs on the s&p a and pushed the dow above 18,000. absolutely stunning move on this index. look at it up almost 5% since the beginning of the month. we have michele meyer a technical analyst on the program, i think this is the most important takeaway from today. if you can sustain this level and keep closing above 2093 of a technical argument you could break 7 to 8% higher on the s&p. that was her view. >> katie stockton. >> forgive me. >> i want to point out a few highs. new all-time highs for s&p members. 66 of them are having record high days. i'll point out a few shall we? >> please do. >> earnings story.

starbucks, all-time high looks like we're off the high but around that territory. kroger, the grocery store and hasbro the toy company, up 1%. at a record. >> enjoy your long weekend, sara. >> and you simon. >> over to you, carl for "squawk alley." >> 8:00 a.m. at the white house cyber security summit in stanford, california 11:00 a.m. on wall street, "squawk alley" is live. ♪ ♪ joining us for the hour this morning mike san it tele, senior

columnist at yahoo! fi naps. kayla and jon are out look who decided to drop by. >> good morning. >> kelly evans what a free throw treat at -- treat at post nine. >> treat for me. >>