twitter ceo will be on cnbc squawk alley today. it's a first on cnbc interview at 11:00 a.m.e. we want to hear what the ceo has to say about the future growth strategy. now another big topic of discussion the fed is due to finish it's two day meeting ahead of the policy statement tonight amid a slu of weak first quarter data. they'll be look out for any indication on the timing of a rate hike. steve brings us the latest survey on the economy. >> the u.s. economy has been buffeted by a bunch of trouble in the past couple of months and that created a weak first quarter outlook here but the cnbc fed survey showed that respondents, including economists, analysts and fund managers think the economy is going to plow through these problems. 66% say what we're going through is a temporary slow down. 32% say it's a combination of temporary and permanent factors. only 3% say it's a sign of a for perm nanlt permanent weakening in the economy. growth is pretty much the same as it was in the march survey. 2.7%. a touch higher for this year and 2.8%. just a touch lower for next year. part

that's a cnbc news update for this hour.ey reagan thank you very much. let's go down to the oil close. jackie deangelis, some iran news and speculation this morning. sort of sending the oil markets into a bit of a frenzy a couple of hours ago. >> yeah, it did, brian. initially we had some reports out that a u.s. ship was seized by the iranians. it was an erroneous report. we did see prices calm down a little bit. but we are going to close slightly higher here. about $57 or a little over that. traders telling me they're pretty tentative right now, looking at inventory numbers expected from the e.i.a. tomorrow. but more important than that they'll be digging into the report for production numbers. the key is if we're going to see a third straight week of declines in u.s. production. of course geopolitics still in focus, an eye on yemen as well and the dollar's taking a little bit of a breather so this is somewhat supportive for crude prices. in terms of level, 60 to the up side 55 to the down side we're really just stuck right

however, cnbc aka, mr.sman, has discovered a long standing problem. >> there's a problem in the data that we found with one particular quarter that we thought only concerned the past five years or the past several years but then we do z aid a detailed investigation and it goes back 30 years. a substantial and persistent problem in reporting first quarter gdp data. it averages 2.7% overall in the time period. in the first quarter is only averages 1.87%. several economists we contacted said that difference is statistically difference. it accounts for six of the ten worst quarters since 1985. moving on, the next one, since 2010 this average looks like europe than it does like the u.s. overall it's averaged 2.3%. finally wall street doesn't seem to know it. it overestimates 80% of the time first quarter growth. take a look here you can see this very simply. what we lose in the first quarter being well below average is picked up but not all of it in the second quarter. we can't tell if growth overall is underrep

marriott's ceo will join us first on cnbc. hotel california you can check in but you can never check out. ♪ i heard the mission bell ♪ i was thinking to myself this could be heaven ♪ financial noise financial noise financial noise >>> welcome back everybody. royal bank of scotland setting aside $515 million for an expected settlement with u.s. authorities. they wish it was $515. over foreign exchange manipulations charges. >>> shares of alcatel lucent falling almost 40%. criticizing the terms of the company's proposed sale to nokia. >>> and general motors plans to invest $5.4 billion on its u.s. manufacturing plants over the next three years. the move expected to boost production and vehicle quality. >>> shares of marriott are under pressure today, but it is of course a generally down day. but this was despite profits and the company beating the street by three cents a share, up 20% on last year. but the revenue looking a bit light and guidance was cautious as well. simon hobbs joins us now with marriott's ceo with a first on

it was as big as cnbc touted it to be.lized the report was probably -- what is known in tabloid land as a feather. >> well, herbalife is made of titanium. it keeps on ticking after a licking. >> you like the protein shakes? >> i do not have a problem with this company. if it was a ponzi scheme, it would have collapsed by now. >> pyramid. not ponzi. a little different. >> oh, different. >> hugely different. >> every step of the way. charlie gets the news. we have a quick programming note. don't miss episode of "strange inheritance." hugely popular show. tonight, 9:00 p.m. jamie colby meets a family whose "strange inheritance" is an alligator in crocodile ranch. she pays a visit to the nursery. >> you are in luck. we have baby alligators hatching now. >> they have to be cute. >> i feel like a surgeon. >> just the slightest movement will cause them to move. >> oh, here comes one. he's born. >> it's his birthday. >> hey, you. can we name this one jamie? >> absolutely. jamie: what are you saying? where is my mama? where is my m

cnbc cnbc's david faber confirming our parent company, comcast, dropping its bid for time warner cable phone. david, what are you hearing in terms of timing? >> i think the timing is very near term. expectation is as soon as tomorrow is certainly a possibility. judging from the conversations i've been able to have at least with people familiar to the situation. that said i can't give you a great deal of detail because i'm not getting it in terms of the decision making that went on behind that or why there was decisions dropped to perhaps to try to negotiate something other than the assumption that whatever it was that might have been negotiated was something that wasn't amenable to either the government or comcast. >> do you think that comcast folks are surprised at the amount of pushback that they ended up coming at them? >> no doubt, bill. listen. there is an expectation in these kinds of matters that if you're going to be dead you'd be dead fairly early. i say that in a sense of when you think of t-mobile and at&t it didn't take long for that toto to -- in this case you're talking a

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cnbc will carry a live feed of the event. more about today's trading action let's pring in the managing director at bk asset management. of course the bird fight continues between the hawks and the doves. who do you think is going to win this time around? >> i think the doves still win at this point. the doves are in control because janet yellen is the primary dove that controls the action and i think as i have been saying for awhile it's not necessarily just the fact hah the u.s. economy is doing well it needs to be improving in order for the doves to become completely convinced that they're ready to raise rates so delta is as important as the direction of the u.s. economy and what you've seen over the last couple of weeks or months is the economy has been declining and accelerating. some of it is weather related and some is geo political related. maybe spring comes back to u.s. economy and only then will the fed begin to consider. i think there's a reasonable chance they go in september but i don't know about june just yet.

he has been a very loyal guest for cnbc.rk has been cut out for him. >> a bit of hawking in the background too. carolyn, thank you very much. now of course it's the birthday. >> happy birthday to you. her majesty. >> she is watching. absolutely. >> of course. she is 89 years old today making her the world's oldest monarch. many of you writing in among other things asking why does she have two birthdays? she has the official one today and of course one this summer and it's because they do this parade and there's a better chance if the queen's birthday isn't in the summer there's a better chance the weather is good in the summertime. >> she is spending her birthday at the windsor castle. i have visited my parents castle in the country but i also want to point out this morning. >> why are they there? >> guess what because the king's troop royal force artillery in full dress uniform. they're going to ride their horses and go back into the palace at midday today to high park and have a 41 gun salute. you can still make it. >> so

here's your cnbc news update at this hour.livered a stark warning to greece, it will get no more aid until it agrees to a complete economic reform plan this after a tough morning of talks, with greek finance minister yani yanis varoufakis who was told there would be no early cash for finance reforms. >>> the move comes as consumers continue to turn away from diet sodas in favor of other beverages. the change takes place in august. when cnbc's asked coke's ceo about the move, he responded i'll not here to defend a certain ingredient. >>> and dramatic video from a firefighter's helmet camera capture as massive blaze in an 1880's built mansion earlier this week in new jersey. it took six hours to bring the blaze under control. no injuries were reported. >>> and the may 2nd boxing match between floyd mayweather and manny pacquiao is expected to be the richest fight in the history of the sport. that's according to the promoter, anyway. mayweather could make as much as $180 million. pacquiao earning as much as $125 million. for the

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. >> i'm bill griffith back here at cnbc headquarters. we'll be seeing you later on "nightly business report" on pbs. what a day, we have earnings galore, a nasty takeover offer from mylan labs from a competitor of theirs. that will be juicy to follow. now this strange story, this arrest going back to the flash crash of 2010 may of 2010. things don't add up for me on that one. we'll talk about that a little bit later. >> we've been sitting back pouring back through the documents, the s.e.c. findings of what happened, now this criminal complaint singling one individual. the more information we get, the more impossible it is to believe he could have caused this. we have a ton of earnings on tap. you just saw some of the biggies. all of that will get into full swing next hour. >>> also the outlook for oil prices an exclusive with bp's ceo bob dudley coming up in a little while, also we'll see how the industry has changed in the five years since bp's tragic oil spill. >>> the dow, the major indexes have been under pressure today. a lot of tha

so we here at cnbc and the cnbc pro team took a look further than that.aid take a look these stocks that bespoke looks at and we look at the ones with three years' worth of earnings history, they have the beat earnings estimates at least 9 out of the 10 times and have a market value of at least $1 billion. among the highlights for this particular screen we ran, some interesting companies come up. three years' worth of earnings history. mastercard beats earnings estimates 94% of the time over the past four years. and the average move on the heels of earnings is a 3% gain. not bad for mastercard. linkedin averages a 4% after earnings come out over the last three years. and amtrust financial, they do a lot of insurance work. this company has not missed earnings expectations over the last three years and on average it goes up by about 4.5% of the time. interesting moves here to keep an eye on. none of these predict the future still interesting statistically and odds-wise to look at this story. >> when you've finally found a tool to predict the future accurate

your cnbc news update at this hour.ams have begun ex-huming bodies from eight mass graves in tikrit discovered after iraqi forces retook the city from isis militants, believed to contain bodies of iraqi soldiers killed by isis. >>> starbucks expanding its employee college tuition program to cover the entire cost of getting an online bachelor's degree at arizona state university. workers who log 20 hours or more a week which is 80% of starbucks' workforce, are eligible. >>> new harvard study reveals false/positive mammograms cost the system $4 billion a year. experts say mammograms save lives the unnecessary costs are much higher than previously thought. >>> the skuller toculptor will replace the statue for free. residents criticized saying it looked nothing like the comedian. he originally said he would fix it for $10,000 fee. that's your cnbc news update for the hour. back to you. >> thank you for that. >>> so it's not just energy 5 out of 10 sectors looking at negative earnings growth going into earnings season which

cnbc's landon doughty talks about this on cnbc business news. landon. >> hey rosemary. does tax day have you down? several restaurants and retailers are offering freebies to help relieve your stress. buy one individual meal and get a second one free. pizza hut is offering a pizza return on its website with a chance to win gift cards and office depot will let customers shred up to two pounds for free. >>> turning to the markets, to a higher open on wall street. it was a mixed day for markets on tuesday with the dow popped up by financials from banks and higher oil prices. data on industrial production and earnings from bank of america. rising to 18036. nasdaq at 11 to 4937. >> landon doughty with cnbc. thank you, landon. >> now your "nbc 10" first alert et weather. >>> it is a chilly start this morning. plenty of activity in the sky. sunshine that is. that will warm things up quickly. the rain has already moved out. nice, dry view from the comcast center in center city where it's 49 degrees at 5:26. hopefully the traffic is moving along swiftly.

and that's your cnbc update at this hour.wk alley." >>> thank you for that update. john burbank's pass part capital was one of the best performers in the first quarter. what is burbank's strategy for the rest of the year. david fab certificate outside here at one market plaza with passport capital founder john burbank to get details. david, i'll send it down to you. >> you can feel the sunshine on my back. i think it's shining in your face a little bit. john, good to see you, first time we've done something on this coast. and are you housed in the same building we are. we look forward to -- >> good location. >> i want to talk a bit about the growth of the city since you've been here for a quarter-century. not that you're old or anything. let's start off with the big themes in the market. one that you particularly benefitted from. kayla mentioned your performance in the first quarter. positioning the portfolio to assume a higher dollar. things have changed a little bit. i wonder are you changing your strategy or how are you ap

your cnbc news update at this hour.ed fire inside a court in milan killing three people including the judge. the suspect caught by police while fleeing the scene on a motorcycle. police say he was in the courthouse for a bankruptcy proceeding. >>> a suspect ins last week's attack on a kenyan university arraigned in a court. police say the suspect along with five others supplied guns to the four gunmen who carried out the killings. >>> climate prediction center raising its forecast for change 70%, up from 60% last month. el neo the warming of pacific sea surface temperatures and can trigger droughts and flooding. if you live in a state where salt is used to clear the roads of snow and ice, get your car washed. the national highway safety traffic safety administration urging motorists in 20 cold weather states to get their cars under carriaging cleaned to prevent rust in the brake linings after concluding a five-year investigation into rusting pipes can carry brake fluid in about 5 million older vehicles. your cnbc news u

and a pair of ceos are live first on cnbc.s steve schwarzman, john chen from the conference in l.a. we'll see you in about 15 minutes. >> all right. we won't miss it. >>> meanwhile, it's that time of year when digital contact companies make their pitch to madison avenue trying to snag more advertising dollars. julia joins us now with a look at the billions of dollars in ad spending at stake, julia. >> well john, this could be the year that digital ads prove they are a real alternative to the 30 second tv spot. today kicks off the two-week long digital new fronts. it's internet giants answer to television upfronts when they sell about two-thirds of tv ad dollars. as giants from youtube and hulu argue that their ads are more effective than tv. u.s. digital digital ad spending is projected to grow 30% to $7.8 billion while tv advertising. % this year, but it's more massive. expected to reach 70.6 billion dollars. digital video will become as important as a tv programming within three to five years. advertising just in the 5% of y

time for a cnbc update.>> iran and the western world powers reached a framework agreement on cushing iran's nuclear program for at least a decade. this after eight days of marathon talks in switzerland. president obama called it a historic deal and secretary of state john kerry was just as optimistic. >> accept a good deal and today i can tell you that the political understanding with details that we have reached is a solid foundation for the good deal that we are seeking. >> the department of justice announcing seven people have been charged in a boeing kickback scheme related to government contracts for satellites. we'll have more details as they become available to us. >>> a heavy sandstorm, look at that plagued dubai today. flights in the region have been affected leaving many passengers stranded. sandstorms are common but rarely as strong as the current one. it is expected to last until the weekend. >>> and firefighters are battling a huge fire in brazil which broke out in fuel tanks in an industrial ar

call me at 1-800-743-cnbc eor tweet me @jimcramer.ust always guard against our own human emotions. which often

melissa lee, cnbc sully cnbc. power lunch will return right after this. hey, girl.ur soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatever, janet. for all the confidence you need td ameritrade. you got this. >> check on the airlines stock. in the red across the board. a lot of this having to do with the pop higher. one-week highs. take a look at the airline stocks. delta down 1 3/4%. >> yeah. i want to say, melissa, that you and i have been doing the show together for a couple of months. if we ever get the opportunity to travel together, do one thing, melissa. >> what's that brian? >> go on another plane. if you reply flooi with me you're in big trouble. i want to send out a thank you to at people on my flight that was supposed to leave

here's your cnbc news update.ning of the boston marathon god under way this morning with more than 30,000 runners expected to take part. ehissia won his second two years after hi devoted his medal dedicated to the victims of the marathon bombing >>> melissa gates is in india, discussion the expansion of the family planning program. with the plans to halt the spread of hiv. >>> china and pakistan agreed for $45 political quote-unquote worth of investment projects signed by chinese and pakistani ministers. both countries have -- and a sobering number -- is expected to rise as baby boomers age. millions of women born between 146 and 1964 will tails as much as a 50% increase by the year 2013 according to the national cancer institute. brian, back to you. >> thank you, sue. >>> back down to the market. back to bob pisani. you've laid it out for us so adeptly. what is catching yew eye today? >> we're seeing no attempt to sell off in the middle of the day, which i thought might happen. all the rally was in the first 15 m

this is on cnbc's hot list. details. >> it was oil, act viflivism and food. opec came out with a bulletin this morning saying here we are, being nice and stable keeping regular production levels in some nonopec countries. okay, that's u.s. and canada just go in and start charging and everything like that. the fun part about this story and the writeup is all the comments underneath of all our readers saying, hey, opec welcome to capitalism okay? that's one. another one, you don't see this at an investor conference all that often. the 13-b monitor active passive investor conference got hit with a protest. a bunch of people walking in holding signs saying hedge fund billionaires, pay your fair share. okay. they were taking aim at some of the guys there that tend to invest in fast food outfits and protesting the minimum wage level. they wanted $15. we got video and readers have been watching that. finally, we have fast food wars getting ugly in pennsylvania. mcdonald's restaurants, a few of them, are offering a free

>> i'm glad they can see it mere. >> car dashians here on cnbc. a symbol of europe but now it appears that it needs a bailout of its own. according to the "wall street journal," the 46 foot tall euro symbol is falling apart. metaphor? who knows. vandals painted a star red, light bulbs need to be replaced, and there's bumper stickers on the sculpture. the edc does not own it contributes to the upkeep. the civic group is asking banks to help by becoming a sculpture sponsor. the ecb moved headquarters to another building leaving the statue at the old location but there is sits. greece, the center of the eurozone's debt problems today makes a huge payment to the imf. the question is, will greece have enough money for the next go around? sarah eisen speaking with the chief ahead of the spring meetings. >> kristhey could not guarantee that the greek government had confirmed that there were any assurances greece could keep meeting the debt payments. there was a sign of how serious this was ahead of today's payment, and the next big one is may 12th owing

joining us now on a cnbc exclusive a robin hayes, ceo and president.in, a pleasure to welcome you. >> thank you very much. great to be here for my first visit. >> congratulations. i want to ask you about the revenue per passenger mile. a lot of analysts is saying it is the envy of the industry. what are the most effective levers to increase that to the point where you're outpacing your peers? >> i think we have a very strong network. so we have our six focus city, new york, boston, ft. lauderdale, orlando, long beach, san juan. and they're all performing extremely well. in addition to that, revenue management team have done an amazing job and i think some of the product investments we've made have come together to give you a strong revenue performance. >> right now it's annual about 5% of the total miles fleown. what are your goals? >> we are so ecstatic about how well mint as done and we started with jfk, lax, we added san francisco, we announced bar bbas and aruba. and we are evaluating new markets how. i've said before that i think there are markets

that's a cnbc news update for this hour.g off earlier gains, leding for a second down day t. dow is down 75 points. earnings front and center. apple dragging the dow down here after reaching an all time high earlier this morning. commodities and the dollar all moving on reports of a seized u.s. vessel yet to be confirmed. the chief investment officer of portfolio strnls for merrill lynch. i know you can't talk about individual names like apple. what have we learned from a noisy mish-mashing earnings season? >> essentially, analysts cut their numbers the worst since 2011 because of energy because of the strength in the dollar. it looks like they overcut. so net half of the s&p is reported. they are reporting better-than-expected earnings. so i actually think the environment looks pretty optimistic. the market is not that expensive. pockets of the market are still pretty cheap, particularly in big technology and old tech feels cheap. >> it seems like it reached melt item in the last few days. investors don't have the same kind

the cnbc analysis shows the q1 effect holds whether the economy is in expansion or recession. e potential for the q1 data right now is significant. fed officials are considering rate hikes and some have suggested the recent q1 weakness gives them pause. investors are faced with the issue of whether the economy is really weakening or should they be banking on a second quarter rebound. for "nightly business report," i'm steve liesman. >>> still ahead, why our market monitor guest is a big bull on apple ahead of its earnings' reports due out on monday. >>> the first apple watches made their way to customers today. and while many may look at device as a consumer product, businesses see it as something that could change the workplace. josh lipton has more. >> there will be apple watch sport starts at $349. >> the sarah palin ceo tim cook has made a strong pitch for the company's new watch. em facizing the quality, precision of the timepiece but the success will depend on the apple beep bench of developers who need to design engaging apps. already there are more than 3000 apps avail

welcome to squawk box here on cnbc. i'm becky quick. andrew is off this week. it's april fool's day. be on the look out for pranks from your favorite tricksters. we've already seen from a few companies having fun. google releasing it's most ambitious update yet. calling it pac maps. you can turn a city map into a playable pac man maize. and then there's t-mobile. they push the family plans that aren't available to whole family so t-mobile is releasing it's pets unleashed saying it's extending cell phone deals to your entire family including fido and friends. >> we're down to two dogs. we're thinking about it. >> another german shepherd? >> possibly. when you get door stops or something you always get bookends. his and hers. >> so they can sit by the edge. >> i'd like to get a brother. >> of zara. >> yeah what a dog. >> all right. we'll talk a little bit about the second quarter. it begins today and the bulls are hoping it starts better than the first quarter ended. it was a rough session yesterday down for the year by closing down about 200 points yesterday. th

. >> reporter: americans views of the state of of the economy reached new heights in the latest cnbc home economics survey. a record 27% judge the economy as excellent or good. the highest level in 8 years. a year ago, just 16% of the public gave economy good marks and it was just 4% at the beginning of the 2008 recession. the cnbc poll of 800 americans across the nation shows how far the public's attitudes on the ec come just the economic recession ended. but also how far there is to go. the level of optimism remains about 10 points lower before the financial crisis and yet, well above the worst levels during the downturn. views on the economy were helped by an upbeat outlook on expectations for wage hikes and home values in the year ahead. on the outlook for the public econ recover. 1 point improvement from last quarter but postrecession high from 2012. optimism low gasoline prices and americans finally starting doing something with the money. in a prior survey 61% reported doing nothing w as a result of cheap gas, but that number has dropped to 42%. one in four americans now repor

thank you for joining us on cnbc's worldwide exchange. general manager for evernote. wilfred back over to you. >> seema, thank you very much. we're going to switch focus and talk about china which must quote reform and open up to the second largest economy. they added it should do so by using macro economic policy tools. joining me now is the director of ceibs research center on globalization of chinese companies. thank you very much for joining me. small chinese companies across the world. >> what we see from this trend is quite different from the one we saw among the european giants because you see that china still has one of the largest markets and the market is growing. so most of these when they go out they want to reach out and acquire some resources to help them to better compete in the market. this we saw among our companies that and then it's very different. they require resources like brand or technology or know how or the rnd capacity and try to apply them in china to be a better or stronger company in china. we don't see that much of the market seeking app

cnbc o

that is the cnbc news update for this hour.ck to you. >> i'm just wondering if she got to keep all the engagement rings. >> that's some alimony there. >> quite valuable. >> i can assure you there were very few engagement rings involved. >> tell you one thing -- >> i have to hand it to her, that's the entrepreneurial spirit. if you're going to do something wrong, go big. >> thanks ty. >> she's the bernie madoff of marital -- >> come now. word leaking out that hillary clinton is about to join rand paul and ted cruz as early as this week. "meet the press" moderator, chuck todd joins us. >>> if you're procrastinating on paying your taxes, you are not alone, and chances are you are wealthy as well. the correlation coming up. it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's eas

with me now, cnbc's eunice yuan.re starting to arrive but already we're starting to see some knockoffs. >> like this one. the iwatch it's been out for two months. you know how josh was talking about how notifications an issue, i don't think you'll have a problem with this watch. it looks a lot like the apple watch, but -- >> does it work? >> it does but it doesn't have a touch screen -- it has very basic functions, like -- >> like the time. >> it's 2:15. but it does have a pedometer, as well. so it can, in some ways monitor your health. but overall, functions are very, very basic what do you expect though $30. >> it's $30. >> between $30 to $50, depending on how good your negotiating skills are. >> this is pretty close. >> it is. >> i mean, you've seen the actual apple watch, correct? >> yeah. >> there's very little difference. aside from the functions. >> aside from the functionality. although it is getting better and better at least that's what we're being told. this one also syncs with android phones, not an iphon

that's at cnbc pro.next guest says the big swings we've seen in the market lately, that's here to stay at least for the foreseeable future. highland capital management co-founder mark okata explains why on "closing bell." >>> and later we'll normalize relations with cuba will allow americans to hit a home run by investing in cuban baseball? something i know carol roth will want to talk about. we'll get to that coming up on "the closing bell." stay tuned. announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start working on your next big idea. ♪ ♪ there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use,

you're watching cnbc, first in business worldwide.rk all the time. sup jj? working hard? working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. >>> we begin with breaking news on glu mobile. >> the headline here glxt lu mobile, who makes the kim kardashian branded game for smartphones and tablets is receiving a stake, 10 cents, china's 10 cents holdings is buying $21 -- 21 million shares at $6 apiece. you're watching -- i don't know what that is. it's not "baby hit me one more time." "oops i did it again," no it's not that either. she's part of the roster at glu mobile. that's why you see the move. up by about 17%, 18% after hours. back over to you guys. >> branded games, a whole

it's part of a new cnbc documentary.ral prison caseworker who know gets paid to get clients ready for life behind bars. jack johnson, a former bureau of prisoners case manager is now a consultant who charges clients $200 an hour for a cold dose of preparation. >> they're walking into a prison and they're literally freaking out, trembling. they're thinking of shawshank redemption. all eyes are upon them when they get to the prison so i try to teach my clients to be humble be a fly on the wall don't do anything special. >> most of these guys aren't used to that. >> exactly. i sit down with a guys and tell them they're not going to make it. >> you have clients with tens of hundreds of millions of dollars and you're saying you've got to lose the arrogance. >> exactly. diplomatically. i'm a communicator so i can get the point across. >> i'm a communicator i can get the point across. >> what does he mean that they're not going to make it? >> he tries to break them before they even get there. there's a prebreak. >> so it doesn'

♪ ♪ >>> hello, everyone i'm sue herera and here's your cnbc news update. in the penalty phase of the boston marathon bombing trial. prosecutors describing dzokhar tsarnaev as a cold-blooded killer who deserves to die for his role in the attack. the witness list today includes survivors and family members of the victims. >>> members of congress are freezing their salary at $174,000 a year. this comes as house legislation funding congressional operations for the upcoming budget year. it would be the seventh year in a row in which lawmakers have denied themselves their automatic cost of living pay increase. >>> the vatican announcing that pope francis will visit cuba before his trip to the u.s. upcoming in september. the vatican has been credited with playing a crucial role in helping restore relations between the two countries. >>> and what is said to be the world's largest tulip bed was unveiled in turkey today, how pretty. it's designed to look like a turkish carpet and it is attracting thousands to the 10th international tulip festival. it is made up of 5

but let's bring in cnbc wealth editor robert frank.nough, it better be spectacular. >> it is spectacular. it's modeled after versailles and it's taken almost as long to build. we take you inside the making of a mega mansion in florida. the workers on this construction site are building the most expensive home in florida. we're used to touring expensive properties, but this is a rare glimpse at what goes into building a beachfront palace that's nine years in the making. price tag on this mega mansion, $139 million. >> so are we ready to lift it? >> and at this royal palace the dollars are in all of the handcrafted details. that forklift is holding doors that took one year and more than a half million dollars to build. they just arrived from germany. >> don't break it. >> very few builders can be trusted to handle a project of this caliber but tom murphy is one of them. >> we have done homes for over 20 billionaires. >> this isn't the first 11-bedroom beach home he's built. >> stairs alone cost 2 million bucks. it has a subterranean gara

heats the cnbc news update this hour.uess peanut butter and nutella sandwiches probably wouldn't be on the list. hoo maybe the peanut butter. not so sure about the nutella. >> all right, sue. >>> a big gain today for oil. let's get down to jackie deangeles for the close. hi jackie. >> good afternoon, tyler. looks like we're going to close just around $50 a barrel. as you said, a big spike in crude oil prices after the eia reported that we did see a 4.8 million barrel build in inventories. however, the eia also said that we saw 36,000 barrel decline in production. of course we've seen record production here over the last recent period. the most we've seen in 30 years. >> every day seems to be different in the oil pits. >> honda unveiled an ultra sporty civic concept at the new york auto show. it has been one of the best selling cars in its segment. consumers have been awaiting a fresh new model. joining us now in a first on cnbc interview is honda executive john mendel. good to see you, john. >> good to see you. >> so can

taking a look at my cnbc app now, still up, let's see, 118% on your ipo day.ulations on this. and we'll see where you go from here. guys, back at the nyse, back to you. >> some session highs as you guys have been talking. john ford back over at the nasdaq. meantime, netflix surging to all-time highs, up more than 14% this morning. the company adding almost five million streaming subs in the first quarter. a very clean beat on expectations. joining us on the phone today is suntrust managing director and internet analyst bob peck as we like to call him, the axe. bob, good to see you again. >> thanks again for having me. >> if there was ever any doubt that subs were the magic metric, today would obviously just dispel all of them. what did you make of the number? >> yes, the domestic was a nice surprise, they had 2.6 million. versus 2.1 expectation. with a reduced turn that shows that the content is actually resonating with viewers. but international is where everyone is focused. over 2.5 million, versus the 2.4 expectation showed they're getting the traction. and

take the path to "mad money" next on cnbc. >>> time for the final trade around the horn. tim?erforming everyone is the emerging markets. key levels on the road to outperformance. 33.60. get long the em and trade this thing up to 45. >> bk? >> this morning you would have thought the bonds were ripped on all the economic slowdowns and they didn't. today is throwback thursday and you buy tbt. >> karen? >> a name we haven't talked about in a while, dorian lpg. i like this one. if oil moves higher this moves higher as well even though they shouldn't be connected. >> guy? >> missed karen while she was gone. you know what we did before every show put that picture up. that's her with a camel. >> my new friend. >> camel on right. >> fantastic. >> yeah. >> nice to have you back. >> harley davidson. we talk about a capitulation bottom the other day, check it out. hog. >> i'm melissa lee. thanks for watching. see you back here tomorrow at 5:00out. >> all right. thanks so much for watching. see you back here tomorrow for more "fast money." "mad money" with jim cramer starts right now. >>>

that's our cnbc news update at this hour.wk alley." >>> thank you, sue, we have an update on the incident that occurred earlier at the ecb during president draghi's news conference. the bank says it appears the woman who dumped confetti on draghi registered as a journalist for a news organization that she did not represent. ecb said she went through an identity check and passed screening at a metal detector when she entered the building according to a statement the ecb just made. eu regulators meantime filing formal antitrust charges against google, accusing the company of cheating competitors by distorting internet search results to favor its own services. joining thus morning first on cnbc live from brussels to respond to charges is adam cohen, the head of google's economic policy in europe, middle east and africa. adam, good morning to you. you say you're going to make your case over the coming weeks. what is google's case? >> the case soefr the past five years when the european commission has been investigating our busine

welcome to "squawk box" here on n-d -- cnbc.>> nice to have a packed table at 6:00 a.m. >> there you go. bright and early. >> you were putting out your email i saw that add -- at midnight? >> 4:45. i finished it at 4:15 this morning. this is the middle of the day for morning money. >> no naptime today. we're going to take you right through. >> it's going to be a big nap time this afternoon. >> after the show is over. we were just listening to a little bit of miranda lambert this morning. she had a hug

that according to cnbc's all-america survey.eisman joins us now with those results. >> good news for a change here. a string of bad economic data. we've had our quarterly poll of 800 americans around the country. let's look at their view of the current state of the economy. this is the percentage that says it's excellent and good. 27%. putting together two decent quart ners a row. we had that bump up and for a change, we sustained it. you can see we have to go all the way back to december of 2007 before the recession which was 26%. of course, 28% of the public still thinks the economy is fair or poor. but we're making some headway here. and then also you take a look on the views of the future. will the economy get better. and what you see here we put that together. americans kind of maintain their optimism throughout the recession which was curious to pollsters. we put together two positive quarters in a row. and the reason we do this all the time we look at people's outlooks for your home values and their wage outlook. we do th

. >> good morning and welcome to squawk box here on cnbc. i'm becky quick with joe kernen and andrew ross sorkin. baltimore burning. injuring 15 police officers. angry crowds were pelting police with rocks as they walked down the street in full protective gear. the violence broke out hours after the funeral for freddie grey that died after suffering a spinal injury while in police custody. maryland called in the national guard and declared a state of emergency. the baltimore mayor calling last night one of baltimore's darkest days and saying the destruction in no way represents the peaceful protest of many. >> i understand anger but what we're seeing isn't anger, it's destruction of a community. the same community they say they care about, they're destroying. you can't have it both ways. >> a city wide curfew starts tonight at 10:00 p.m.. baltimore city schools have been cancelled and several area businesses are telling their employees to stay home. we will have a live report from baltimore later this hour. >> behave businesswe have business

here's your cnbc update at the hour.of the sudden avalanche that killed at least 19 climbers on mt. everest last saturday. the nepal earthquake trig terrified avalanche causing a vicious cloud of snow and rocks to blast down and right through a base camp. it was video-taped by a climber. >> the injury deliberating in the murder trial of pedro hernandez says it is dead locked unable to reach a unanimous decision. the judge did not accept a defense request for a mistrial and told jurors to continue deliberating. >>> russia's mission control failed stiblabilize a cargo ship spinning out of control in space. it's declared a total loss. >>> police used tear gas and pepper spray and a water canon to disperse teachers striking in southern brazil. 1500 teachers and their supporters marched to the state's legislative assembly where lawmakers were debating a bill that would change their pension plans. they were blocked by police. and that's your cnbc news update at this hour. back to you, brian. >> oil today getting back to levels