charlie evans talked about that today, pointing to strong manufacturing data.with the dollar continued to weekend, that might get a further boost alix:. alix:that is a good point. alix: that is a good point. these tend to be volatile indicators. scarlet: i'm taking a look at global fx volatility, the white line, increasing on the whole, peaking on february 11 before easing. the red line is dollar-yen. when the line rises, the yen strengthens, so rising volatility and a stronger yen, falling volatility, weaker yen. >> the yen has continued to strengthen. spiked that volatility really in late january. the yenother reason why may be strengthening could be because were seeing repatriation before the end of the japanese fiscal year on march 31. portfolio ideahe that one of our previous guests brought up. the yen trend is still for further strengthening. i'm looking at oil. you can check out these charts at the bottom of your screen. at backwardation from the difference between the two contracts. the higher goes, the bigger the contango. the wider the difference betw

talk more about yellen's comments and the future of interest rates with chicago fed president charlie evans8:30 a.m. eastern time. >>> let's tell you about a few of the other stories investors will talk about today. an update on the fight between apple and the fbi. a california judge has vacated the order asking apple to assist the fbi in hacking into the iphone of the san bernardino terrorist. nbc is reporting that an israeli company called celebrite is the firm that provided the tool that enabled the government to unlock the phone. according to cbs, the fbi owns the rights to the method that was used to get into that device. boeing plans to cut about 4, 500 jobs by mid-year. most of those cuts will come from a unit that conducts flights and lab tests. that i'll use voluntary layoffs and leaving positions unfilled once they are open. also, general electric has agreed to sell its ge asset management unit to state street corporation for up to $485 million. the deal is expected to close during the second quarter. >>> and let's start with lululemon, the yoga wear maker reporting a profit of 85

three nonvoting members -- john williams of san francisco, charlie evans of the chicago fed, and the dallas fed's robert kaplan, are also speaking. all that and we'll also have the march jobs report on friday. we've had over 200,000 jobs created four of the last five months. nearly 300,000 in october of last year. for "nightly business report," i'm bob pisani at the new york stock exchange. >>> a co-manager of the sequoia fund is stepping down. robert goldfarb is retiring following the fund's big investment in troubled drugmaker valiant. yesterday we told you valiant at one point accounted for more than 30% of sequoia's portfolio, an unusually high percentage. shareholders have lost more than 80% of their value over the past year. sequoia is a popular holding in some corporate retirement accounts. >>> investors are always looking for promising opportunities and tonight our market monitor guest found some, including two in a sector that has been under an enormous amount of pressure. he's david smith, chief investment officer at rockland trust investment management group. david, good t

down to a lower unemployment rate you will have janet yellen and some other dovish officials like charlie evanseir heads about can we keep rates lower for longer -- that could ultimately force their hands. alix: on the flipside, steve englander of citigroup's saying that good news will be an indication -- having good ruse -- news on the unemployed rate is because we cap loads -- because we kept rates where we did. confidentre more given the numbers are coming out where they are. alix: do you have a job's call? matt: i have to figure that out. i will bring that to you guys later on. alix: good stuff, matt. matthew boesler of bloomberg news. need: coming up, what you to know to give up for tomorrow's trading day. next. ♪ alix: don't miss this -- night pmi:45 p.m., we get china -- a good read on manufacturing there. also, in a few hours, tesla's model three will be unveiled in outlay at 11:30 p.m. eastern, it: 30 p.m. -- 8:30 p.m. pacific. are you going to do that? i am not, as a non-driver. it seems a lot of people are. another think coming up tomorrow -- besides jobs day -- a host of u.s. data.

david: charlie evans speaking to our folly today. you can find it on bloomberg.com.t to ask about the equities landscape in europe. all the factories that play. what is the greatest challenge you see? we can talk about the brexit vote coming up. what's the biggest challenge to european equities? sonja: both of those factors you mentioned, brexit and terrorist threats are constraints. the single biggest factor has to be the lack of corporate profitability's for subdued growth, pressure on profit margins. he had a lackluster earnings season. overall the other for equities will be constrained by these very fundamental factors. you are not getting sufficient growth and you don't have enough pricing power in this environment to give up on something -- earnings. caroline: we see the ecb throwing everything they can at the situation. they will be buying of 20 billion euros more per month in quantitative easing. even expected pickup more from mario draghi. we don't really see governments stepping up to the plate for fiscal side of stimulus. he's been very clear about the wil

you had charlie evans on your show earlier today.id it's symmetric, which means he would believe it to be above the target about half of the time. they've been below the target all of the time. so now is the time to talk inflation up, to let the economy run a little bit hot so that eventually we can get out of this very low interest rate situation. >> david, i wonder where this leaves us. of course, you have the eegzs from the higher dollar. all of that seems to be pretty helpful but stocks not looking cheap. of course, profits still on the slide. where do we come down on that? >> i think the profits are the keep. when you look at equities, they're looking at it. investors don't seem to be comfortable paying 16 1/2 times forward earnings. we need to see profit growth richardson at the aggregate level and growth somewhere in the 3% to 5% range. that puts us in mid digit and a lot of it looks for outward inflation. yellen talked about inflation. core inflation is a very, very sticky thick. so even at 1.7%. this along with 2% economic g

charlie evans this morning, he said yeah april is off the table but you have to be prepared for june. >> if i'm not being clear enough i apologize. i'm not suggesting that you shouldn't listen to anything they say. their opinions matter but at the end of the day nobody matters more than the chair and we're reminded of that and in a couple of weeks span and this is a week up call that said look i hear the concerns. heres where we are. >> as usual, walk away angry. >> the stocks that i think make the most sense are certain names where you have great fundamental stories and growth and yield. those would be like a microsoft, coca-cola. pepsi, apple fits that category as well. look at that balance sheet and look at that yield and you look at what they have been doing lately and the move toward technology right now. that was the one name i bought. >> the think driving this market this spring whether it's earnings or fed statement is the dollar and the dollar easing off is the single biggest driver right now. we're not in an earnings season and buy backs have been a little bit of a black out

and we have charlie evans, who's currently the chicago fed president. he has been a huge dove.t sounds like yellen is really seeing things his way, not richard fischer's way. we have them all here today to talk about all these things and dig through what this means for the markets, if we're going to see two more rate hikes from here and beyond. plus, we have the adp numbers. this is our first look at what could be a hint of what's to come friday for that big jobs report. we're going to be talking about that. steve liesman is here. we have a lot to get through. >> love it. sounds like a great show. >> thanks, becky. still to come, the fed follow through. the reaction to a dovish janet yellen. jim o'sullivan, chief u.s. economist at high frequency economics, will give us his take next. don't go anywhere. we're back in a couple minutes. hi watson. you are a fierce competitor. i've heard that. i have analysed your biggest matches. oh really? when down a point, you serve an ace 5.8 times more than other top players. you sound like a coach. i am not. but i can customize training prog

look at number nine, reference number nine to a speech from charlie evans, one of her colleagues on the fomc, a paper from march 2015. it speaks to risk management for policy at the zero bound, and what calls for as it says in the conclusion of the paper the idea that the fed should be especially cautious, words that the fed chair used today when the federal funds rate, target rate is near the zero bound because if the fed makes a mistake, if it tightens too soon, tightens too much, what would it do then in response to a weakening of the economy. it would have very little ability to respond to shocks or an economic downturn. >> i hear all that. i hear all that. >> but you could make that argument safety first. you could make that argument throughout history and the next 1,000 years. >> right. >> don't let the kid go to the playground. he might fall and hurt him level. >> right. >> in fact it's a bit circular, one could argue. she says and it's in the fourth paragraph and the second to last paragraph which means she's really meant to emphasize this. she said that markets are acting like

we're going to hear from chicago fed president charlie evans and new york fed president mark dudley today. you've been telling us for a long time that these yields are going to stay lower for much longer than people had been anticipating. certainly what we heard from yellen this week seems to back that up. you ready to take a victory lap? >> i'll take one with you any time, becky. yeah, i think interest rates are going to stay low and head lower, as a matter of fact. my don't think the fed is going to do anything for the entire year. there's a slight chance they might do something in june. certainly nothing in april after ms. yellen's recent speech. september, i don't think they're going to do anything because we're too close to the election. i think the ten-year, becky, and here we go, 1.25%. >> 1.25 by year end? is that what you're thinking? >> that's what i think. >> wow. mark, you are always kind of out there on the curve. you've been right plenty of times, so i'll certainly listen. you think the fed is doing the right thing in this position. am i correct in this? i've heard a lot of

charlie hebdo". are they guilty? yes, they are. are we guilty because we didn't prevent attacks here? yes, we are. but only altogether we will manage to fight these attacks. >> evan u.s., i don't have to tell you, when there is a fugitive on the loose, authorities put out their name as quickly as possible, as well as any surveillance, as well as any identifying details because they know they can use the public's help in capturing them. why aren't they telling us the name of the man in that light colored jacket here? >> good question. look, this is a belgian investigation. you have to respect the belgian system. sit being overseen by an investigative magistrate. so there are some legal limitations that the belgians have to deal with. look, it's clear from talk to go u.s. officials here, alisyn, it's clear that the intelligence and the law enforcement are working very hard. they are working overtime. they do not want to see their city attacked. there seems to be political will higher up in the government. there seems to be problems in dealing with this issue. as you know and as greg knows, a lot of the belgian political system has been seize said up arguing over wh