is there 999 headed to the f.e.d. who president trump wants to see on the trump board we are just a few hours away from the monthly jobs number we'll tell you the magic number that wall street wants to see. kicking the can. british prime minister theresa may just asked for another wreks it delay will she get it? samsung out with another major

profit warning this morning. ♪ >> welcome to the hall of fame, stevie knicks. good morning, good afternoon, good evening, and welcome to wherever in the world that you may be watching. if you are watching, maybe in this beautiful setting, lake como, italy, there is a major investor conference underway right now, and we are going to go moments -- i wish we were there. take you there, anyway, moments live before we get to that, here is your market setup on this friday stock futures not giving us a lot of indication about which way the market is going to go. we're up about 35 points right now. this is a trend we have seen kind of the futures start slow, and they have accelerated throughout the day coming off another gain. the s&p 500 in the middle of a six-day win streak the dow jones industrial average

up about 14% already in 2019 the ten-year note, on the bond market ahas been a big of a story as the stock market this year still, well off the 3% to 3.5% very smart people were calling for this time last year. we are seeing green on the screen with the nikkei index in japan posting another gain up again. not a huge gain. about .4%. get more green on the screen we're seeing the korean market up very slightly as well let's check the european market. again, you're seeing a trend slight gains not big gains. kind of a mixed bag. mostly, though, to the up side we are seeing the only major market in europe that is down is the german dax down a whole .1% let's get a check of the global look at commodities and

currencies to start off your friday crude oil looking to end this week in the $62 range. up fractionally. bitcoin has had a wild week, by the way. a little bit of a move upside. still just under $5,000. $49.55 as well gold $12.9 it. of course, the big focus today being the first friday of any month. you know it. it is the jobs number. we are just a few hours away from the monthly payroll report. this could be a big one. remember, the last month's number, a total bomb coming in at 20,000 jobs that was it. surprised everybody. maybe got the fed a little more dovish we're going to find out just what happens with the job market in the month of march at 8:30 a.m. eastern time to find out if the labor market was able to bounce back. let's tie all this together with the bow and talk about this kind of incredible run we've had in the year jeff, chief market strategist at probabilities fund management joining us on a friday you know, good morning

you were optimistic. when everything was crashing in december -- >> you have been right you have been right. what you see going forward from here >> april is the last month for the best six months. most of the things in our portfolios are looking pretty green. it's not a lot of red there. that gets us concerned walking on water there this jobs report tomorrow, you know, april jobs report -- >> tomorrow? today. >> excuse me i'm thinking it was -- >> i know it's early, jeff, but come on. >> that's all right. it's early >> i got to give you a little business at this hour. >> of course of course. it's usually -- it's been a weak day for the market for the april jobs report. it has -- it ends in disappoint. about 50% up or down across the different indexes. on the april jobs number that's march's number. we're shifting a little bit from

a leveraged long position to just straight 1x for the market in our strategy. >> so you're not overly -- in other words, you were overly bullish and willing to tie the leverage now it's just we think the market is going to go up, put some money dune, but let's not -- >> we have positive indications out of our early january indicators the numbers are still pretty decent growth is slowing. dovish fed, as you said. klein looks like there's something going on there brexit, kick eventually they're going to have to do something there. one way or another >> it's pretty -- >> i love having you on because you have this great historical perspective that a lot of people don't have talk to us about the third year of a presidential -- we're in the third year of the administration we're entering the second quarter. this is historically, i believe, that reading the stock trader's almanac, kind of the sweet spot.

>> the fourth quarter, which was horrible, and the first two quarters of the -- it's the sweet spot of the four-year cycle. the third year as the president ramps up and trying to stay electriced and keep his party in office tends to be the best year if the market has been up about 15% for the dow. even, like, more like 28 >> a lot of people promising a lot of things. >> well, they're starting to get away from the unsavory policy initiatives that they've tried to push through in the first few years and get things that are a little -- to things that are more palettable to the country and the market and everything. tends to drive the market higher the campaigning going on, maybe it's in flux a little bit. >> i think december threw everybody for a loop it's such an outliar month i mean, the dow theory, the death cross. we didn't really pay attention to that because it was such

rampant selling. it was such a volatile bottom type selling action. we see the cap it las vegas the -- capitulation we have a golden cross, which is the 50-day moving average. it's much more bullish, and we've done the research on that. it usually happens around the bottom, but there are further things >> for the death cross to the golden cross, maybe we need southern cross by crosby stilz nash who knows? how much optimism -- the transports the transports have been red hot. i don't know, guys, if we can put up the dow transportation index. this has been hot. how much short of intrigue are you placing on the transports? you think it really means something here >> i think it's another confirming indication. i think the advanced decline line is more important right now. you see the broad participation, the nyse advanced decline line making new highs, trending higher, as the market is pushing on that last level of resistance before the yield highs

if we can -- if the market doesn't react too negatively to what we expect might be a disappointing jobs report and any other economic numbers this month, i think we can rally to new highs and probably bounce off of that over the weeks and months for now we're still, you know -- >> still optimistic. >> still optimistic. >> heading into the weekend, a little optimism. always a pleasure. see you soon thank you very much. >> all right we are also following some major new developments on trade. president trump saying america and china could strike a new trade deal within the next four weeks. here's what the president said after meeting with china's top trade negotiator at the white house. >> the biggest deal ever made. there can't be a deal like this no matter where you look there can't be a deal like this. this is the granddaddy of them all, and we'll see if it happens. it's got a very good chance of happening. >> now, the president adding a few major sticking points. still, like tariffs and intellectual property that are still hanging out there, but as you heard, he remains

optimistic joining us now is linda yu, economist and author of "what would the great economists do? great to see you back on worldwide exchange how optimistic are you that a real and meaty deal is going to be signed soon >> i think that indications are they will sign a deal, brian, but i'm not sure if it's going to be that meaty obviously one of the biggest sticking points is this monitoring that you and i have discussed, which is even if china agrees to, say, level the playing field for market access so that american firms can own chinese companies, acquire them, protect intellectual property rights, are they really going to be able to accept america unilaterally imposing tariffs that the chinese won't object to if the americans feel the chinese are not living up to their end of the bargain that i think is the main final sticking point you asked whether it's going to

be a deep deal, a monumental deal in the words of president trump. well, if you look at the timeline they're talking about, 2025 is actually when they expect china to abide by these obligations. actually, even further on than that in ten years, 2029, is when they expect china to have fully obliged by these obligations according to the latest reports. that really tells you is it really deep? i think we'll get a deal, but i'm not sure if it's going to be that monumental. >> okay. if it's not that monumental, linda, what's it going to being loo like and what's it going to mean >> what will happen will be a couple of things one is the chinese will agree to buy more american goods. that actually does open up chinese markets a bit more there's a lot of talk of agriculture, and i think that is important, but what i'll be looking for is whether or not china opens up to american services companies that's the biggest export coming

out of the united states, and that's one of the most protected areas that the chinese economy, everything for financial services to business services and some structural reforms that chinese will promise things like will they stop favoring their own company will they have a level playing field when it comes to finance i think there will be some agreements there, but that's with a long timeline that negotiators are bangling over will matter. china will want ten years to do that, and you do have to wonder which administration will be in charge in america in ten years to make sure that does happen. i think generally speaking, there's optimism that we could probably see an agreement on those things, which would be an improvement in the coming weeks. >> linda, if we get a deal, whatever whether it's meaty or just an appetizer perhaps, will that raise globalgdp estimates i mean, will it benefit the

global economy or do you think that's kind of already baked into most of the estimates we've already seen >> i think we've seen from the imf, christine lagarde, saying that the u.s. and china need to come to a deal because you're self-inflicting essentially economic damage at a time of a cyclical slowdown in both economies. i think the markets have priced in having some type of resolution, and that means that we may see a slight uptick in terms of growth estimates for this year, but i think what it will do if we do get an agreement in the next four weeks with another two weeks to implement it is it will take away some of the down side risk. really, it's the on the horizon for a lot of companies and economists to say, well, if you can actually come to an agreement so you remove most of the tariffs, because, remember, that's the biggest thing that affects economic growth estimates, then that will help global growth stay above 3% this year, and even better, try to

avoid some of the significant down side if this trade war had escalated, which at one point it looktd like it might as of march 1st. it could have escalated to around 3% of global trade between the u.s. and china being slapped with 25% tariffs that's the down side scenario that any trade agreement would avoid. >> linda yu, thank you we'll see you again here stoon on woorldwirldwide exchange have a good weekend. >> you too up next is mr. 999 headed to the it fed we'll tell you about president trump's latest pick for the fed board. plus, samsung out with another big profit warning what is wrong with the phone maker? later, we'll let you know what saudi arabia just threatened to do that if they did could send shock waves through the entire global energy market we are just getting started. get a cup of coffee, get the treadmill going, and we're back after this

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look forward to her joining my cabinet. if confirmed, she will also be the highest ranking latina in the trump administration well, president trump also says he plans to nominate former presidential hopeful herman cain to the fed board here's what he gtsd late yesterday. >> i have recommended herman cain he is a very terrific man, a terrific person. he is a friend of mine i have recommended him highly for the fed. i have told my folks that it's the man, and he is doing some prechecking now, and i would imagine he would be in great shape. >> now, cain previously served as the chairman of the kansas city fed in the mid 1990s. also, the sea of god fathers pizza. he has been critical of the fed in recent years, and he has advocated returning to the gold standard new this morning, samsung out with another major profit away let's find out what the phone

maker, frank holland now today's headlines. operating profited likely fell by 50% in the first quarter. the biggest smasht phone maker is blaming weaker demand for its memory chips in the fall-out from a pullback in global spending samsung put out a filing that warning the drop in memory chip prices was more than expected. the company reports full q1 earnings later on this month shares were down fractionally this morning in south korea, but are still off more than 20% this year now the latest on boeing's 737 max. the ceo acknowledging for the first time that bad data played a role in two deadly crashes involving the 737 max planes in a video statement released last night, dennis millenberg apologized for the tragedies in ethiopia and indonesia he also says it's apparent in both cases the plane's anti-stall system activated in error. >> the history shows most accidents are caused by a chain

of eths. this again is the case here, and we know we can break one of those chain links in these two accidents. it's our responsibility to eliminate this risk. we own it, and we know how to do it boeing is still working on a software fix for the 737 max which must be approved if the faa and other global regulators. shares of boeing right now, well, they're down just about a quarter of a percent and the latest elan musk news. a federal judge is giving the tesla ceo and the s.e.c. two weeks to work out their differences over musk's use of twitter. the s.e.c. had asked the judge to hold musk in contempt of court for a tweet in february about tesla's production targets. the agency claims that he violated the securities fraud settlement they reached last year our phil lebeau caught up with elan musk as he was leaving the courthouse yesterday here's what he had to say. >> very impressed with the assassination. just making i think an outstanding repetitive

tesla shares are slightly higher today after dropping more than 8% yesterday following some disappointing delivery numbers brian, over to you >> frank, see you in a bit thank you. >> up next, what saudi arabia is threatening to do that could rock the entire global energy mark market theresa may wants to reset the time clock on brexit it's a major focus at a big investor conference underway right now. steve sedgwick live on the banks of what i think honestly, steve, may be the most beautiful place. i'm not kidding. the most boufl place in the world. >> i can't confi confirm it is beautiful place in the world the best food, which i have been indulging in i have been talking to jim o'neil, the man who koind brick, the former head of goldman sachs

asset management, and he says the ramification from brexit are already having big negative effects on the economy former prime minister of italy says we can get 28 brexits in europe if the parliamentary elections go wrong and go well for the populists. all that and plenty more live from lakcuo ren rldwide exchange (client's voice) remember that degree you got in taxation?

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the s&p in the middle of a six-day win streak, along with the nasdaq the dow now up more than 14% on the year well, saudi arabia is out with a major warning that could rock the global oil market reuters is reporting that the saudis are threatened to sell their oil in non-dollar denominated currencies if washington passed the so-called no pec bill. it's a bill going through congress that would essentially subject opec to u.s. anti-trust lawsuits to actually try to outlaw cartels like opec new headlines crossing on brexit u.k. prime minister theresa may asking the e.u. for a delay

until late june. let's get back now to steve sedgwick in lake cuomo, italy, with more on that and what some of the brightest minds in finance are talking about in between bites of risotto and sips of chianti. steve. >> literally, i mean, some great people jacob franco, the head of jp morgan international, chatting to him mohammed elarian just a couple of seconds ago as well everyone has got that concern, those long-term concerns about just what is going on as well. delays to brexit, what does it mean are the british going to have to take part in european parliamentary elections if there is a delay to june 3rd we could have meps even after we've left the e.u. as well. really big concerns there as well i spoke to the former prime minister of this country who said to me we could have 28 brexit it's a whole different country if the populist gain power in the european parliamentary election a lot of concerns. i also spoke to goldman sachs

asset management, former chairman that's jim o'neil, barron jim o'neil of got league. the most sensitive probably single industry of the u.k.'s positioning global markets and it's already being decimated with just the fear i think it's a crazy idea. >> so in terms of what's happening and talking about the concerns that have the auto industry some would say that's because basically the auto industry has been backing the wrong kind of motor. i either went big on diesel and then, of course, a lot of regulation came in, which meant

diesel is just untenable for many governments, many municipalities as well he said, look, we've got disparity problems, inequality problems, productivity products, and that's all being exacerbated by brexit potentially. we also talked, and this month on cnbc.com already, about trade, about a china trade deal between mr. trump, the u.s., and mr. xi, and china. he said, look, i think there will be a deal, but is it going to address the long-term problems that the u.s. has no, not necessarily. is it going to sort out the big economy issues no he did say a lot of the good stuff that has come in the world economy since 2010, 85% of it has come from china and the u.s. from those two economies as withal it's really important if we get a meaningful deal. >> when you talked to these people off dam are a in the hallways, whatever, is there a sense of optimism, a brexit deal will get done, or are people kind of resigned to a hard brexit, a no deal brexit >> you know, i think people are really about a whole host of things i put brexit in the bigger

gambit of events here as well. i spoke to the head of the oecd economic unit. i spoke to the head of the world bank economic unit both of these incredibly intelligent women. the theme is from the world bank, darkening skies. a whole host of issues as well real concerns about the dysfunctionalty of europe as a whole. you have to put brexit in that context, and anyone in the e.u. who tells you, oh, brexit is a separate issue, they're in cloud land let alone euro zone land. back to you. >> thank you very much great stuff. all right. still ahead, major developments on the trade front president trump saying that we could have a deal with china within the next couple of weeks. eamon javers going to break it down zpliencht will we get another big negative surprise like last month? will the job market recover? we'll have to talk about that when worldwide exchae bk ghafr isngisac it's gotta let new data

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the s&p has done something it hasn't done in a year what that is ahead we are counting you down to today's job number the magic number that wall street wants to see as worldwide exchange rolls on right now.

good morning welcome back thanks for being with us on cnbc i'm brian sullivan your top story today, what president trump is calling "the granddaddy of all deals. trump says there is major progress with china on a new trade agreement. he says we could have a final deal signed within weeks that's not all there is to the story. eamon in washington now with more good morning >> yeah, good morning, brian the president melt with the vice premier of china in the white house yesterday in the oval office the president were all smiles. they suggested that trade talks with the china -- the chinese dell gangs has been in town.

i look forward to seeing president xi it will be here. if we have a deal, then we're going to have a summit if we don't have a deal, we're not going to have a summit >> so the president there saying four more weeks, ultimately, before he thinks they'll know whether there's a deal possible. he suggested that there will be a summit here in washington d.c. with president xi jing ping to announce any trade deal that they finalize over the coming weeks. this was an interesting one, though, brian. i asked the president -- i was in the oval office with the president and the vice premier yesterday, and i asked the president what the sticking points are still here in this negotiation. he raised two issues he said one was tariffs, and the other one was intellectual property theft if you look at it, those are the two issues that started this entire negotiation the president said that they've agreed to more things than they haven't agreed to, but when he mentions the two sticking points, it's still the two fundamental core things of this

negotiation. it gives you the sense that there still are some very core issues here that are outstanding. that's what -- that may be why the president is talking about another month or more in these negotiations, brian. >> you know, i know that, and nobody is discounting the importance of these trade talks and the deal with china, but i also know from you being in the oval office that this situation with mexico is heating up and a lot of people believe it could have a greater economic impact than the tariffs in our little trade tussle with china. >> yeah, absolutely. the president threatening last week to close the border with mexico this week ultimately, though, what he has done is effectively punted on that what he said this week at the end of the week was he is not going to close the border with mexico after all a lot of u.s. manufacturers very worried about this the chamber of commerce was on high alert effectively about this very upset about the prospect of losing all the economic activity between the united states and mexico now what the president says is he is going to give mexico a

year, he says, in order to get their act together from his point of view in terms of migrants coming from their southern border to the united states southern border, and then after that year the president saying he might impose tariffs on cars and car parts coming from mexico and the mexicans don't change their behavior at some point after that then he would close the border if you are worried about a border closing impacting business activity, which the chamber of commerce was very worried about this week, that's kicked ahead a year now, and there's sort of a vague threat to have tariffs on auto parts so the automakers are probably focused on that, but it's not clear whether, if ever, the president would actually close that southern border now, brian. >> big deal. you have mexico and chooirn. fights on two fronts thank you. have a great weekend >> you bet >> all right staying with trade, we heard from jp morgan chase ceo jiemy dimon overnight. here's his take on how trade talks are shaping up >> i think lighthizer and mnuchin are doing a good job

they've made a huge amount of progress in detail dwoent want a soybean deal i wasn't in favor of the tariffs and the threatening and the stuff like that. absolutely facing the issue. in fact, the -- >> let's talk more about that in the market impact of this. the big market run this year, and maybe one of the best places are to put your money right now. joining us is steve, portfolio manager at fed rated how much, steve. good morning, by the way >> playing into your investment pieces >> i think it provides some fuel for the market to go higher here >> if we get a deal, you mean? >> i this i we're going to, and i think the consensus we've seen so far is if we get a deal, we're going to have a bad deal or one without substance our take is different. we think what's happened is the united states has slowly but surely gotten leverage here. first, by, you know, you had the huawei situation that gained attention of the chinese secondly, the midterms where the president outperformed in

soybean country. third, the mueller report, and then, fourth, when he walked away at -- from the north korea summit we think all of those things have made it more likely that we get a deal of substance, and it's going to do two things. it's going to increase confidence at home, whichwill allow cap ex to restart in the u.s., and all that stimulus that china has put into their economy, once their companies know the rules of the game, we think that's going to be like jet fuel that restarts their global growth. >> you know, they didn't agree to this. forget it. we're done more tariffs >> yeah, i think then you have to take your earnings estimates down a little bit. right? if tariffs go from 10% to 25%, then obviously that's going to be higher input cost for companies. you have to re-evaluate your earnings >> i think you would expect to see some retests to lower levels i don't think that's the end of the world. i don't think that necessarily brings on recession.

>> listen, when it comes to invetsing, have you to account for all probability. if it's small, fine. you weigh it against that, but you have to account for it the question i guess everyone is asking is a deal already in the market >> no, no. what we think is -- >> why do you say that >> because what we think is what's in the market is a bad deal this just gets off the table the idea that we're going to see a reacceleration of economic growth is just starting to kind of eek its way out of the market over the last couple of days the idea that the stimulus in china isn't pushing on the string but could actually take global growth back up and have a market -- >> the market is up 30% this year >> look at what's going on with europe and europe is a derivative play. if china accelerates, you will auto see exports out of europe do better. you're going to see global growth estimates go higher we think that can take you two and then passed the old highs. >> that's interesting. europe as a derivative play on

the china trade deal because a lot of you don't realize the collective euro zone economy is about the same size as the u.s. economy >> it's an export economy, and to a large degree. selling to us and to china they have a lot of exposure in the luxury goods space and service -- not the service space, but the manufacturing space to emerging markets. >> let's get opportunities what sectors, industries, still look good to you and your team of fed rated >> we like cyclicals in the u.s. things like energy, materials. home builders. semis. these are all -- they've all run, but they're still well below their old highs. dividend payers, small caps. those are our three kind of key yards. cyclical -- >> dividend players, small caps, cyclicals. >> have a great weekend. see you soon all right. >> let's turn now to the banking sector i've got a quiz for you on this friday over the past three months how many bank stocks are negative. they're down the answer a goose egg. zero no bank stocks are negative over the past 90 days, and the

average gain of a bank stock in that time is 9.8% with many up 15, 20, even 25% with bond yields falling and interest rates maybe being cut down the road, is that the wrong move let's bring in now chris whalen, chairman of whalen global advisors you remember old alan greenspan? >> i do. >> irrationale, exuberance remember that? i think it was 1996. >> yes >> are we getting irrationally exuberant on the financial stocks right now heading into earnings season, which begins next week? >> no. we're bouncing back from the december massacre. it would be hard not to have an up quarter after that mess >> i'm told by everybody, right, that higher interest rates increase the net interest margin, the nim, and they're good for banks if that is the case, isn't the inverse true >> no. the street learned or they remembered high school economics when it comes to interest rates and banks. this time around we have some

structural factors, the normalization after what the fed did to keep rates low and protect the banks. their cost of funds is going up regardless of what the ten-year note does. this is confusing to people because everyone thinks, oh, rates are going down mortgage rates are going down. we may see a bump in terms of lending volumes, by the way. at the same time the cost of funds for the industry is going to keep going up, brian until it gets done about 60 billion, 07 billion a quarter. >> here's the big problem for banks. almost everybody with the exception of a couple of people like scott, are calling for higher rates they said in a year we're up it would sort of shift their book to anticipate higher rates. >> we're telling you the opposite the fed has been fighting -- >> that's my worry if they shifted to higher rates and rates have gone down, they have to reshift, and everything zbent e doesn't make -- >> we have to forget everything we were told last year

the fed was pretending they could raids rates across a curve, and they can't. they just control the short he wanted and what's happened is the markets have comback and said, no, we really don't need higher rates. we need lower rates. does a demand for paper out there. >> so they're not going to get caught out, the bank stocks you don't think are -- we see earnings next week and -- >> they're going to normalize. >> they're not going to scare us and say, whoa, we anticipated the other thing. >> heerds the trouble for banks. their cost of funds is going up, but because of the fed's machinations in the market, they're basically capping returns. there isn't a lot of room for loan pricing to go up. there isn't a lot of room for bond yields to go up it's the other way my fear is that you are going to have a employees you're going to see net interest margin flatten out after the second quarter people will actually see a good down a little bit because the gift has already been given by the fed. it's done. >> look at these names, chris. jp morgan, citigroup, bank of america, goldman sachs

is there one bank that you think is the most important from a individualsibility of the economy and earnings perspective? if so, how is that bank going to look when they roll out their numbers in the next couple of weeks? >> if i want to know how the economy is doing, i care about bank america and wells fargo >> how do you think they're going to come in >> they're going to come in around expectations, single digit -- >> wells has a lot of issues >> wells -- >> they have an interim ceo, and it's just the disaster >> the big guys are going to grow a couple percent. the industry, the top hundred is growing 7% it's a smaller banks that are actually showing the growth. wells is going to sh ink are they're paying out capital i wrote a note about this a couple of weeks ago, and i think that -- >> you were a beat on this em. >> there's value there 1.3 times book you're going to wait years for them to get out. >> how do you think bank of america's numbers are going to come in if they're that important? >> they're important in the sense that you are going it see whether lending is growing or not. they're going to see some other

things they're going to be single digit growth they had their run last year, year before. incredible run for bank that size the growth is in the middle and the bottom of the top 100. >> they might post great numbers, but the stock unlikely to move. >> yeah, it's still trading around book a little more. citi is below where it belongs see, the irony is citi has the best yielding book on the street in terms of loans, but it's high risk they traded at a discount. jp is now, you know, top of the heap in terms of the top four. then the performer in the group is really u.s. bank. the smallest money center. >> well, all these numbers, will they start rolling out next friday then into the week after that i have a feeling, chris, we're going to see you again >> from wherever i am on the road, yes. of course. >> call in call in show chris whalen, thank you very much >> all right coming up here on worldwide exchange, a battle royal what prince harry just said about the hottest video game that is getting lots of attention this morning your top trending stories on

deck later, how much do you spend on apple every month not the phone, but apps, songs, movies we surveyed, and we're going to give you the results of that coming up in your rbi. it will surprise you it's ahead man: seven more weeks. wow. good news is, we bought a house in time. woman: but...we're a little low on cash after the down payment. man: and the baby room needs new carpet. woman: and a door. ugh, and a window. man: and we still got to patch that mystery hole. woman: and then make it super adorable. man: ridiculously adorable. this is why we sofi. with sofi's no-fee personal loan, borrow up to $100k for home projects.

>> jeff bezos's ex-wife announced he will be keeping 75% of their amazon stock as well as voting control she's giving him her interest in the washington post and the blue orange and space company the settlement works out pretty well for both of the bezoss. mckenzie will be among the five richest women in the world with 35.6 billion dollars in amazon stock and jeff will stay the world's richest person, fending off bill gates >> yeah. 75, 25 he keeps his precious blue that's his thing.

>> he said it was create to keep you in front of a computer as long as possible it's so irresponsible. fortnite is apparently really popular. i've never played it i don't know about you i'm not really a computer game person >> i have many friends i talked to a father yesterday, as a matter of fact, whose kids' grades went from as to cs, and he blames fortnite he just literally doesn't study. i catch him playing. >> just on it all day long >> he takes the xbox and hides it >> apparently the users have doubled from 125 million to 250 million this year. >> it's all about the endoor finishes they know how to get you like worldwide exchange. >> i'm excited >> you're addicted to wex. >> are you a spring cleaning person >> i've been dolg a little bit around my house. the canadian couple is making the best argument for spring cleaning ever. they're going to motivate me to

get to work at my house. this monday tlael couple was cleaning off their bookshelf, and they found a lottery ticket worth $1 million canadian dollars. the couple found the ticket really just in the nick of time. it was due to expire just two days later >> so did they know they were looking for -- we lost the winning ticket ah or were they, like, hey, i found a lottery ticket what's this about? >> what's this about >> is this a winner? oh, my gosh. >> two days to spare this is more common than you would think. about $2 billion in lottery prizes go unclaimed every year >> congrats to them. >> i'll take 750 k >> all right thank you. >> irngs that. up next, a staggering stat at how much people, all you out there, say you spend every month on things like apple songs and apps and music i don't know if i believe your answers. we're going to give you our poll and it may be bad news for apple. coming up, first, all right, the big monthly jobs number is out

will it be another giant surprise we'll talk more about it coming up

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they're effortless. just slip them right on and off. skechers slip-ons, with air-cooled memory foam. the monthly jobs number crossing at 8:00 a.m. eastern time gains of about 175,000 jobs in march. that would follow february's shocking gain of just 20,000 jobs, although that number kind of got a mulligan because it was likely skewed by the government shutdown and other factors the stock market, by the way, is actually up about 3% since that dismal jobs number one month ago. what's most important in this number and bring in michael, he is chief u.s. economies at barclay's. michael, what do you expect from the march jobs number?

>> i think we're expecting a number very much in line with consensus. i think we're looking at it exactly the way the january and february data were very volatile, likely due to the government shutdown. truth probably lies somewhere in between those two prints, which would be about i think 166,000 on a two-month average or 186 on the three-month average. i think the signal out of the employment report today will be that the economy is okay growth is indeed slowing if we add about 175,000 jobs on the month, it should be a signal that we're just sliding to moderate growth, not slipping into recession >> i don't want to throw cold water on the jobs number, which will be our top story. that aside, i prefer looking at the joelts, the job opening and labor turnover survey every month. there's 7.5 million open jobs in america. that said, i bring it up, michael, because if there's that many open spots, if we get a weak jobs number, is it a sign of a slowing economy or simply a

sign of that we're running out of workers >> i think it would -- i would interpret it more as we're slowing down, and so we take a -- >> why is that if there's 7 approximate the 5 million open jobs, that means companies can't find people? >> well, that's right. we certainly hear that there are acute shortages in certain industries, and it is one of the reasons why wages are indeed moving higher. i tend to take a signal about expansion and contraction from the employment data. i hear what you are saying, and if we get another 20,000 print, i would take that as a negative signal >> if we get a weaker number today, is that all but guarantee a fed rate cut this year, michael. >> if we had a number that repeated the february print, that would be on the table in the main meeting >> if we get a high number to take it off the table quickly. >> yes >> that was quick. >> i think we have seen three

data points this week that are very important ism in the mid 50s 17.5 million in auto sales, and we think a decent employment report that's all march data post-shutdown. it should confirm a modest growth environment and reduce the risk of a near-term recession. >> you are the only guest that has ever listened. michael of barclay's, have a great weekend. >> thank you you too. the most random but interesting thing you'll hear all day, and we asked you on twitter how much do you spend each month on apple apps, music tv,, tv, and movies because that's a big part of apple's strategy going forward we want to get an idea as to whether or not it's going to work this doesn't include netflix it's apple stuff only. we polled you. what do you spend every month? surprisingly, it 44% of respondents said nothing you spend zero every month on average on apple songs, movies, and music. 32% of you said $1 to $15. only 12% of you said you spent

more than $25 per month. if that is a good representation of america, apple may have some work to do wow. hey, have a great weekend. thjo nber lle bsumroing out. "squawk box" is next the biggest week in television is almost here.

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good morning trade deal optimism. president trump says we could have an agreement with china within weeks we get a live report from washington a costly divorce for the world's richest man. it could have been much worse. we'll tell you how the bezos couple, we're going to split their assets up. countdown to the jobs report we'll tell you what to expect in these march numbers which are coming at 8:30 after the drop-off in jobs growth we saw back in february it is friday, april 5th, 2019. we're closing in on spring, aren't we? we're feeling it

it's coming. well, kind of. yeah, that's right we're closing in on summer what is that, june >> june, yeah. >> "squawk box" begins right now. ♪ breaking up is hard to do ♪ don't take your love >> live from new york where business never sleeps, this is "squawk box." >> good morning, everybody welcome to squawk bok here on cnbc we are live from the nasdaq market site in times square. i'm becky quick along with joe kernan and andrew ross sorkin. let's take a look at the u.s. equity futures i think they're indicated higher once again this morning with the dow futures up by almost 30 points nasdaq up by 12. the s&p 500 up by four this comes after a mixed day for the markets yesterday. both the s&p 500 and the dow ended higher yesterday the nasdaq was down by a little bit, but we now have six days in a row that both the dow and the s&p 500 have been higher the markets did close. both the s&p 500 and the dow at their highest levels in six months yesterday we'll continue to watch this today. we've go