on tuesday, we get a read on home prices across the country when the case shiller home index is released. also, the consumer confidence report will give us a look at how people are feeling about current economic conditions. the durable goods for march, things that last three years. and our national take our daughters and sons to work day. on friday, we'll get the advance estimate of the gross domestic product for the first quarter of the year. gdp is the broad measure of the economy. it adds up all of the goods and services produced in the united states. and the legislation that's funding the government known as the continuing resolution or cr expires. if congress doesn't pass a new aproep pr appropriations bill. to compete, big beer companies are buying up the smaller ones and others remain fiercely independent. that's what landon dowdy found out. there's a battle brewing. >> reporter: brandon skull is one of the many craft brewers making a name for himself in d.c. and his business is growing with plans to more than triple production from the 15,000 plus barrels his company produces a y

ten-year climbs back to 2.3 and case shiller home

robert shiller, the famed robert shiller was on a plane.ne, and they asked for volunteers, there were not enough volunteers. >> sure. >> and guess who got selected? >> robert shiller. >> mr. shiller himself. and he very nicely -- he was very nice about it. but -- >> i would be -- that's ridiculous. >> it is ridiculous to get pulled off a plane. >> does it say in the fine print of any ticket that at any moment the airline can decide you just could be booted? >> yes, i believe they can. >> the only time where like if you're in public walking through like grand central station or something, and someone is acting like that erratically, you just keep walking. but on a plane. >> right. >> you're all there. and there's no way out. necessarily. >> look, if you have to get somewhere, and by the way, it's worse knowing that -- if it really is a united employee -- >> stock down 2.5% this morning. >> andrew in the old days you might hear anecdotal evidence of this. but now, if anything happens -- >> right. >> anywhere at any time, there's going to be a

shiller, as you can see, appears to be wearing a bodyguard.the president's bodyguard in the sweat suit. one job you could have in the world is you could be a stenographer. the stenographers in the senate take down every word. see the stenographer there? stenographers. six stenographers. greg: she loves the letter s. [laughter] sweat pants, stenographers. one is for when you've given up on life and the other is when you're facing life. [laughter] that's the court joke. >> that was very good. greg: at least the prosecutor got it. [laughter] but at least rachel maddow can pronounce those russian names. >> i'm not great with russian names, i find them -- i'm sorry to admit, i find them hard to remember and hard to pronounce. and putin's ex-wife has a first name that is particularly difficult for me. her first name is ludmilla. i'm quite sure i'm not saying it right, but i do have a mnemonic device because i'm pretty sure it rhymes with villa. greg: maybe if it began with the letter s it would have been better. [laughter] anyway, moving up a little

the monthly s&p case-shiller home price index out at 9:00 a.m. followed by march new home sales and april consumer confidence at 10:00 a.m. five dow components report before the bell, 3m, caterpillar, coke and miklaszewsmic mcdonald's, we'll also hear from eli lilly and chipotle. james quincy will be on "squawk alley" for an interview at 11:00 a.m. >>> wells fargo will hold its annual shareholder meeting today. the board of directors will face re-election. some major pension funds are planning to vote against most of the 15 board members saying they failed in duties to oversee the company. today's meetings follow the fake account scandal at the bank. a lot of focus on this. institutional share holders voted to vote against 12 board members. mr. buffett is expected to vote in favor of them, but others like calpers are voting against. all eyes on this. at least some will lose and be voted against by shareholders. that will be big news. >> absolutely. >> a big wake-up call for the board because so far criticism and punishment has focused on executiv

on economic front, we'll get the case-shiller home index. and new homes. thursday, jobless claims and durable goods. and friday, first quarter sentiment. >> i think that friday number, that 1% range number? >> it's trending down towards 1%. now the fed is well below 1%. >> the question is can we get a rebound like we've seen in recent years. stanley fisher is telling me the fed is expecting yes. >>> today's top corporate news a mega deal between two medical supply makers. both stocks on the move. landon dowdy joins us. >>> medical supplies manufacturer becton dickinson announced it will acquire c.r. bard in a cash and stock deal. the acquisition is valued at $317 a share that's more than a 25% premium to bard's closing price on friday. bekts becton said it will help to improve medication management. and becton hopes to result in a cost savings of $300 million a year by 2020. now, this is just the latest deal in the medical supply space. and for becton, just two years ago, the company acquired hair fusion for $12 billion. take a look at the stocks becton an

one technical way of thinking about it is the case shiller index came out of this idea that if you are a homeowner you shouldn't have to bear the risk of losing your job in your home and you should be able to invest in another city and that's why there's an index. is there some way cities can share in each other's fortune, maybe a statewide coordination or occasional or index and mechanism but for cities opposed to individuals to withstand social and financial and economic volatility is interesting. >> out as quickly mentioned that the district, for a number of years, has had a housing production trust fund. part of the point of that is to invest in more supply in order to target specifically lower to middle income residents so they would have home ownership and so i would say that is part of the social funds and the district has various funds like that that they invest in when there is a surplus and part of that is recognizing there are great disparities and trying to find ways to address those disparities. >> in stockton we have similar things going on. with respect to more affordabl

one third of technical is the shiller index came out of this idea that if you're a homeowner, you shouldn't have to coming up, bear the risk of losing your job and your home and you should invest in other homeowners home equity and another's idiom that's why there's an index. is there some way that cities can share in each other's fortune, and maybe a statewide organization -- coordination, or an index and risk sharing mechanism for pre-cities as opposed to individuals to withstand all sorts of economic volatility is interesting. >> i would just quickly mention that the district for a number of years now i've had a housing production trust fund. part of the point of that is to invest in more supply in order to target specifically lower to middle income residents so they would out homeownership here that is part of the social -- the social funds. the district has various funds like that that they invest in when there is a surplus and part of that is recognizing that there are great disparities in trying to find ways to address this disparity is. .. a certain segment that is much older where

this is really important because the stuff you see reported in the news a lot, the fhfa shiller index at the metro level can be dislead i misleading. this is the los angeles metro area. in 2005, this was from 2001 to 2006, but in 2005 alone, there were some places where home prices appreciated by less than 10%. 24r there were some places that appreciated by more than 15%. then we also created this housing -- i'm sorry. this shows where places ended u our cities. it's similar to the previous paper, we have sort of a classic boom bust, by the places like san bernardino, california, tampa, florida, we have sort of high cost places where they see a big boom and not so much of a decline, so these are pretty much high cost places to live like san francisco, los angeles, sacramento. then you have sort of status quo cities where tulsa, memphis, not a lot happening in the housing market. and then places where they did not see that much of appreciation, but they saw a decline, i think you would call them secular decline, places lik like baltimore. we see a wide range of city and we're looking a

this is really important because the stuff you see reported in the news a lot, the fhfa shiller index at the metro level can be misleading. this is the los angeles metro area. in 2005, this was from 2001 to 2006, but in 2005 alone, there were some places where home prices appreciated by less than 10%. there were some places that appreciated by more than 15%. then we also created this housing -- i'm sorry. this shows where places ended up in our universe of cities, and it's similar to the previous paper. so i have pictures of all of these cities. i'll thrilled to be here and hear from local public officials about what happened in their cities. that's how we can learn a lot about our research as well. so the first step of our research, to answer this question, we calculated city level price indices. this is very important. because the stuff you see in the news a lot reported, the fha, the numbers at the metro level can be misleading, so for officials if they looked at the metro level, this is the los angeles metro area and in 2005, this is from 2001 and 2006, from 2005 alone, there were

that i was on the flight with robert shiller who was pulled off the plane. we debated prior to getting on the plane how much they were going to offer and what -- we were all saying to each other, how much would you really go for? >> isn't that the way you should handle it? >> it is. but the problem is these days oftentimes, dare i say, whatever the value is, unless you truly are a leisure passenger with nothing to do on the other end, $800 is not enough. whether it's to get back to your family or to get you -- >> how about 8,000? >> all of a sudden maybe this is getting interesting. >> even to you. >> certainly $8,000 is worth it if this is the -- >> there's got to be a number. they might say that's too expensive? what is this pr hit? >> here's my question for you. let's say you have to go on a trip tomorrow. you go to expedia, whatever you do, kayak to find your flight. united pops up as the flight that makes the most sense. the timing of it, how you get there, the price. you are now going to say, actually, no. i will take the delta flight instead. >> no wa

ten-year climbs back to 2.3 and case shiller home prices up 5.8.s out this morning set to weigh heavily on the averages, cat, mcdonald's, dow, dupont, 3m and coke all on the move. >> wow! express scripts shares falling down hard on news it is likely losing one of its biggest contracts. we'll dig in on that and the company's earnings. >> the trade war is heating up. the u.s. will impose a major tariff on canadian softwood lumber. hear what the commerce secretary says about that action. >>> futures are getting a lift, earnings from dow components adding to the momentum. we mentioned cat, blowing past expectations with its results, raising their full year guidance, 3m exceeding consensus helped by renewed strength on latin and asia. the story of the morning may be cat, jim. nowhere near what analysts were expecting, almost double the estimate. >> what's happened with caterpillar? we call it leverage and a lot of people think leverage, what does that mean, leverage with the president with congress or leverage -- >> leverage as in debt, how we typically

on the economic front tomorrow case-shiller home price index.and consumer confidence. thursday, jobless claims, goods, and pending home sales. friday, first quarter gpdz. not the second report on second quarter. it will be the fourth report on first quarter. before the second, the gdp on first quarter which comes before the first quarter and then the second quarter. and the second quarter of the same quarter. and then chicago pm movemei and consumer centesentiment. this morning, 207 points on it's dow. finally a poll that was right. it's been a while. that said that macron would probably win. and in the second round it shows the more mainstream -- is he mainstream or -- >> of course, he's mainstream. >> much more establishment -- >> he's not establishment. >> well, on a relative basis -- >> anti-establishment. >> his party is a year olde. >> he's 39 years old. he's an investment banker wants to lower taxes. >> and he was a former socialist. you remember austin golding was here saying who is this trump guy putting a 32-year-old in charge of somet