i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> hello, everyone, it's the socialist holiday known a may day. watch your screen and see your red flag of socialism as they fill the streets of europe. the tear gas is flying. these protests are for austerity, in greece public transportation had a stand still and bus and ferry workers are off the job. in spain, the rate is 27%, and unions are calling on all workers to demonstrate all across the country. it's a may day in europe. may day in america, that means snow for some people. from the great plains to the rockies, several inches and record low temperatures for some parts of the country. i do not wish to be sarcastic, but where are the global warmers this may day morning. now this, we don't often show charts on "varney & company," it isn't our style. this is hard to ignore, a double sign for the american dream. fewer families bu

i'm colin beck of fidelity investments.chnical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> that's all coming up on street signs. top of the hour on cnbc. back to you. >> mandy, thank you very much. shares soaring right now. the electric car maker reporting its first quarterly profit ever. raising its outlook as well. >> 38% say not yet. but maybe. 32% say no. >> barret jackson ceo is here to tell us how to grab a piece of the action. >> thank you. pretty impressive. >> you like what i have done with the place. >> it's great. >> maybe things dropped off a little bit during the economic crisis. >> absolutely. >> but the great cars, scottsdale this year, we did $109 million and set numerous world records. and we're on an uphill. more bidders. first time bidders about 50%. >> we sold that for 2 million $35,000. but the bat mobile rocked the house. some people said it's only worth x. i said it's a dual car. it's a one-off concept car that go

i'm colin beck of fidelity investments.nical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. all stations come over to mithis is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >> to josh lipton now. >> we're watching bristol myers here, the stock hit a 52-week high today. there is the american society of clinical oncology. they're going to release some

i'm colin beck of fidelity investments.l analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> have you got whiplash yet? i certainly do. let me just run you through what the dow has been doing today. at one point it was up by 86 points. here is the butt. it started out negative. it started out down by 40 points. at this stage, as i say, we are still higher but we have lost a lot of the gains despite hitting record highs. >> that's -- >> all of these records earlier on today. feels like the market is trying to figure out what do i do what do now? >> that's it, the "r" record. record this, record that, record this, way above moving averages. we've been positive on this show for a couple years now. >> right. >> i don't know. market smells a little funny right now to me. maybe i just smell funny and it's coming through. >> as katie stockton, our technician earlier on today said, momentum is really strong right now. >> look at the google chart you br

i'm colin beck of fidelity investments.rated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ >> mr. president, your 100 days and your second term. trying to get past. obviously it didn't. congress ignored your efforts to try to get them to find the sequester cuts. even a billion threat to veto the got 92 democrats in the house voted against it. my question is, do you still have the juice to get the rest of your agenda through congress? >> a she put it that way, jonathan . maybe as to just pack up and go home. lou: you are we to argue with the president. we would not want to do that. that legislation that he was talking about is a cyber security bill that critics say lacks safeguards, privacy, among other things. the house of representatives recently approved that bill with democratic support. but it died in the senate. the legislation is the least of the president's problems. one hundred days into his second term. as jonathan said,

i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] from the w the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never go back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with re brush movements to remove up to 100% more plaque than a regular manual brush. and even 76% more plaque than sonicare flexcare in hard to reach areas. oral-b deep sweep 5000 power brush. li opens up when you do. gerri: via rages cosbile obamacare is mounting and the sickest of the hardest-hit. patients will be forced to pay more for the cost of expensive drugs used do treat in did -- conditions aicher matured one negative rheumatoid arthritis a cancer. joining us now is dr. siegel. how did obamacare screw this up? >> at the heart is obamacare allows states a lot of leeway and some are saying

i'm colin beck of fidelity investments.analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> the world's most influential hedge fund managers gathering in new york yesterday for the ira sohn conference. >> it was quite the line-up yesterday, some of the biggest money managers sharing their ideas. kyle bass' bullish call on the yellow pages' company dex media has sent stocks soaring. two telecom names touted by keith meister, time warner telecom seen as an m and a target in the coming year and level 3 communications. also moving significantly was david einhorn's single pick, the natural resources service provider oil states international. einhorn spoke well after the bell yesterday saying the impact was initially limited but the name is up 4% this morning no doubt based on him and jana partners filed their ideas as an activist for the stock last week. the impact was a little more muted on the shore side. seagate technology has seen weakness in th

colin beck, valley, alabama. i'd like to know why liberals like kirsten think like that. just a theory, but i think it has to do with collective responsibility. liberal folks tend to think the state should be powerful enough to right all wrongs and we the people should provide the funding. sarah, withholding the last name, o'reilly, why do you pick on homosexuals? i wish i was born normal. do the research. this is a medical issue. stop belittling me. i'm truly sorry. i want you to be happy as i want all americans to be. this is a policy issue. the country simply cannot afford to pay for all maladies. and a sex change operation is an option. it's not like chemotherapy or insulin. so my suggestion is that the so-called transgendered community, and their supporters, establish private foundations to help folks like you. jim fraser, new windsor, new york. o'reilly, you have to get miller off "the factor." terrible! joan, new york. you'll never lose miller, he's terrific. they'll be dating, those two. kevin, long beach, new york. my mom turns 82 in june, has a crush on miller.

i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> big news out of delta today. the airline plans to repurchase shares to restart the dividend returning $1 billion to investors over the next three years. it's the first time in more than a decade they've been able to return cash to investors and even the idea of an airline doing this is like something out of the past. >> get used to it, airlines, three things they have going for them and one, it's impossible to get a new plane if you want a start-up against them. >> three, they have fuel-efficient planes and the mergers, try, try, try to pit airlin

i'm colin beck of fidelity investments.technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll nevero back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with more brush movements to remove up to 100% more plaque than a regular manual brush. and even 76% more plaque than sonicare flexcare in hard to reach areas. oral-b deep sweep 5000 power brush. life opens up when you d ♪ lou: joining us now on the market and economy, chief economist for moody's capital markets. great to have you here. a little bit of a hesitation in the market today. everyone started talking sell-off. i thought that was hilarious. we are looking at a five and a half year low in jobless claims would sound strong and good. >> that is pretty good. however, we want to be careful how we interpret thi

i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades en you open an account. >>> welcome back. records being smashed left and right on wall street today as the market soars to the upside. josh lipton moving up the big movers. josh. >> maria, we begin with the green. investors increasingly willing to bet on sensitive sensors like materials t. best performer in that sector was u.s. steel. up today, they're still down more than 20% this year. discount brokers also moving higher, charles schwab. td ameritrade, both interests are exposed to interest rates. so the investors think the economy is doing better. rates ultimately rise. gilead the drug maker hits a record high today. quarterly profit jumped 63%. that stock up some 114% over just the past 12 months. on the downside, terra data, the worst, they say they are looking at results on the lower end. susquehanna and specific crest cutting their targets. on link ed

i'm colin beck of fidelity investments.ted technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >> we're back with our final thoughts. and also back at the new york stock exchange. one of the things you laid out was long gold. but i also heard not from there, but -- >> it was actually said to avoid gold. i didn't say buy. >> avoid. >> don't short it but avoid. >> i also heard you went long silver options. not related. do you want to comment on that? >> well, actually, i own silver. not silver options. >> you want to have small allegatia allocati allocations. >> great for having you

i'm colin beck of fidelity investments.nnovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ roars ] ♪ [ roars ] ♪ [ roars ] ♪ [ roars ] ♪ [ male announcer ] universal studios summer of survival. ♪ >>> a new fed survey show s bans are still not opening the spigots to give homeowners access to loans. david tepper offered his view on where real estate is right now. >> housing will pick up. it's not going to go back to where it was, nor should it go back to where it was. which is not good for the economy. but hopefully, you do have housing picking up. you read about the price increases and the demands there. >> let's talk about that. our next guest runs one of the largest mortgage lenders in the country, and he says while his bank is extending more loans, borrowers do need to keep in mind that they're going to need some skin in the game to take advantage of that lending. joining us in a cnbc exclusive, we welcome citi mortgage ceo and president sandeep jas. one person's p

i'm colin beck of fidelity investments.chnical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welcome back. all eyes on april's unemployment report out tomorrow. our panel is here to tell us what else we need to watch tomorrow. adam thurgood, you're up first. 30 seconds on the clock. what do you want to be prepared for tomorrow? >> ever since the fed drew the line in the sand, the unemployment rate has been the single-most important piece of data we get each month. the market's become an addict to quantitative easing. when the unemployment rate gets down to around 7.2, 7.3, the fed is going to feel pressure to pull back on qe. when they do, the market's not going to fare well, at least in the initial part of that pullback. look, rehab's a painful process. it always is. and so we're watching the unemployment rate to get a sense of when that process begins. >> all right, thank you. jim, over to you. what do you want to look at? 30 seconds o

i'm colin beck of fidelity investments.grated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ed >>> welcome back. stocks surging and are now on track to post their fourth straight winning week. bob pisani has a front row seat for this one. hey, bob, we're up just about triple digits now. >> yeah, another day, another late-day lift in the market. take a look at the dow, folks, we have moved 50 points in the last 45 minutes. i put up an intraday of the dow. that's what i'm talking about. not a lot of news out. the head of the minneapolis fed was out making comments a little while ago. a lot of fed officials in the last couple of days saying it's hard to raise rates with unemployment above 6.5%. he is the dove, casting some doubt on the time lyme some people have speculated. take a look at a couple sectors. the whole market has lifted in the last hour. there's energy stocks, xle, you can buy that ecf. that listed in the last hour, but

i'm colin beck of fidelity investments.technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you get 5% back, on everything. everything. everything. everything. everything. everything. everything? [ all ] everything? yup! with the new staples rewards program you get 5% back on everything. everything? everything. [ male announcer ] the new staples rewards program. get free shipping and 5% back on everything your business needs. that was easy. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramaticall

i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. from the united states postal service a budding artist can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ >>> welcome back. could be an historic day on wall street if you're just joining us. the s&p, any positive close there is a new all-time high. it's up eight points right now. the dow is looking like it's going to close above 15,000 for the first time ever. it's up 83 points near the highs of the day. and maria, some people were fine when i tweeted before, just forget sell in may and go away, you should buy tuesday morning and sell tuesday night. now, our dear friend, art cashin, we know, he knows all and sees all. just came by and said to me, you know, bill, if you bought monday night and sold tuesday night, you would capture 70% of the gains we've seen in t

i'm colin beck of fidelity investments.egrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ge has wired their medical hardware with innovative software to be in many places at the same time. using data to connect patients to software, to nurses to the right people and machines. ♪ helping hospitals treat people even better, while dramatically reducing waiting time. now a waiting room is just a room. [ telephone ringing ] [ static warbles ] [ beeping ] red or blue? ♪ >>> welcome back. clorox reporting profits edged higher in the fiscal third quarter, but sales slowed down. the company did cut its revenue growth forecast. that did put some pressure on the stock. take a look, down 1.5% on clorox. joining me in an exclusive interview right now to take us through the quarter and how he sees the landscape ahead is donald knauss, the chairman and ce

i'm colin beck of fidelity investments.chnical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. so you can capture your receipts, ink for all business purchases. and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >>> a sales tax is closer to becoming law. they passed the marketplace fairness act. sw advisers, is a contributor. welcome to halftime. amazon supported this bill. explain to me why. >> they are supporting it. so in the past, basically as they open up more and more distributions centers in more states, the states are forcing them to pay a tax. if you have a fiscal presence, you have to pay. as they open more distribution centers, rather than battling state by state, they're looking for a national tax to level the playing field. that's what most retailer right no -- >> is it a national tax or that every state has to do it? i im

i'm colin beck of fidelity investments. integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. the new blackberry z10 lets you peek in and out of messages in the blackberry hub from any app. blackberry z10 with blackberry hub. built to keep you moving. see it in action at blackberry.com/z10. ♪ ♪ ♪ ♪ >> six minutes before the bell this wednesday. let's get cramer's "mad dash." we were talking about some of the social housing names, trulia, zilo. there are companies reporting very meager be ins, but the buyback's big. if you want growth, it is this area, trulia that reported a monster number at zilo. these were the ones that were looking famished when they came public, but this housing market, finding a house, valuing a house, there is room for more than one. what we hear about is shortage of housing, trying to get the best value. these are the ones. these are literally the price discoverers for people looking for everything. >> tr

i'm colin beck of fidelity investments. integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> a big stock reporting overnight. priceline's first quarter earnings grew 34% on hotel and international business. however, for many people the outlook is disappointing as the company weighs up whether to invest for market share or stick with the margins. tom white joins us and he's an internet analyst. good morning, tom. >> good morning. thanks for having me. >> were you disappointed by what you heard from priceline last night because the growth is still pretty phenomenal. >> i would say the guidance on ebitda for the second quarter was disappointing. i think there was a sales expense comp issue there that investors didn't fully appreciate heading into the quarter, but overall i came away much more optimistic about priceline's long-term growth prospects. the online travel industry is getting a lot more competitive, but i think what l

i'm colin beck fidelity investments. is one more innovative reason serious investors are c. now get 200 free trades when you open an account. >> another stock hitting a high is home depot. how high up, nicole? >> oh, yeah, take a look here, home depot, lowe's, home depot at 78 bucks a moment, new high, lows in the same category, the new highs, and johnson & johnson at new highs. with more time, we could list them all, but that would take the whole program. good stuff. charles is going to make money. maybe this stock reaches a new high at some stage called chars industry? >> it hit a new high, one i pounded the table op in the show, initially pulled back, and now it's up big. i want to share with the viewers that i sent the alert out to the clients. >> when did you send the alert, recommend it? >> i forgot, but it was between 78 and 80 dollars. pretty good, a double digit gain. >> what's it do? >> everything from liquid natural gas to tankers, and everything else. the stock got ahead of itself. the chart, i love the long

i'm colin beck of fidelity investments.more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of wer caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. >> come on, everybody. you can't call it a sell off, down ten points. smiles, everybody. please. to nicole, the real estate website, zillow, a loser, and i want to know why. >> all right. they came out with numbers and analysts exp

i'm colin beck of fidelity investments.ntegrated technical analysis is oneore innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ♪ >> 23 minutes past the hour. hi, everybody. i am jamie colby. this is your fox news minute. ariel castro has been charged with rape and kidnapping charges. three women were held captive in his house. one of the women gave birth to a daughter while in captivity. the bail is set at $8 million. in phoenix, the jury that found jodi arias guilty of first degree murder will be in court today. she said she would rather get that answer life behind bars. washington congressman is calling on more than god the whistleblowers to come forward. those are just some of your headlines this hour. i am jamie colby. i will send it back to dagen and connell. dagen: federal prosecutors have arrested eight members of a crime ring. connell: details from adam shapiro. >> eight members arrested. allegedly stealing $45 million world wide. a press conference going o

i'm colin beck of fidelity investments.d technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? >> on this hour of "varney & company," here is what w

i'm colin beck of fidelity investments.rated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 freerades when you open an account. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur >> i'm jo ling kent with your fox business brief. travelers could see relief at the pump this summer. the energy information administration lowered the forecast for gasoline prices by ten cents since april. eia expect as average of $3.53 for a gal

i'm colin beck of fidelity investments.d technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> i'm adam shapiro with your fox business brief. "bloomberg news" takes a step to stop the damage from the revelation that its reporters had the ability to snoop on client using bloomberg terminals. they appointed former ibm chairman and ceo samuel palmisano to serve as independent advisor on standards. he will begin a review of the company's current practices and policies regarding client data and end user information. >>> "the financial times" is the latest news outlet to be hacked by the syrian electronic army. their supporters of syrian president assad. "the ft" says that a number of employees were sent phishing e-mails leading up to the attack. the newspaper secured accounts and is working to resolve the issue. the sca which emerged in 2007, they have a website, facebook page and twitter profile. that's the latest from the fox business netw

i'm colin beck of fidelity investments.g fidelity. now get 200 free trades when you open an account. >>> welcome back to "squawk box". we're continuing our disruptor 50 series. now to julia boorsten who has a lot more. good morning. >> good morning, andrew. so far we have unveiled eight industries, retail, media, transportation, travel and leisure, health care and enterprise software, financial services. today we will be talking about telecom. it usually requires massive up front capital. posing a challenge to would be disruptors. these five companies are well on their way to putting pressure on established telecom giants. >> high-speed internet access at any time, even to planes, cars, boat by using satellites to surpass the reach of cell networks. backed by liberty global, it isn't set to launch until 2013. it has aimed to put its deals in business jets. twilio with clients ranging from home depot to sony, it uses the cloud to meet voice and mentaling needs. eliminating the need for billion dollar infrastructure. taking o

i'm colin beck of fidelity investments.novative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. with the innovating and the transforming and the revolutionizing. it's enough to make you forget that you're flying five hundred miles an hour on a chair that just became a bed. you see, we're doing some changing of our own. ah, we can talk about it later. we're putting the wonder back into air travel, one innovation at a time. the new american is arriving. [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> making headlines. jpmorgan sending a formal legal request to bloomberg asking the company to provide details what viewers have been able to see. the bank seeking confirmation of controls to stop future breaches. john poulsen's hedge fund expe

i'm colin beck of fidelity investments.nnovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> in ten minutes sh a news conference will start in which president obama is expected to take questions about the irs scandal. of course, the president sacking the acting commissioner of the irs amid an outcry over revelations that the agency improperly targeted tea party supporte supporters for scrutiny. let's bring in larry kudlow. an awful lot of people are very angry. in fairness, on both sides of the divide about this. >> actually, that's interesting. most of this came against conservative groups, but we are uncovering some examples of liberal groups. as rick santelli has said that basically defunding these groups and taking them out of the election cycle, now, the fast majority were conservative groups, you can't let that happen. you know, in the usa, i guess it's like the inland revenue service. this is a very important agency and more than taxes is going to be running o

i'm colin beck of fidelity investments.nical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> time for the santelli exchange. let's get to the cme group and rick santelli in chicago. >> am ggood morning, rick. >> good morning, carl. it's getting more key every month. doing a postmortem on friday's jobs report, there are a number of places to start and human behavior is what i want to discuss and whether it's fiscal cliff and tax and dividend issues we see human behavior makes rapid adjustments when it it comes to their money, whether it's about tax policy so we like to see various branches of the government do proactive-type models verses passive models when you raise and lower taxes. removing them and reforming them versus tax credits, maybe more importantly as we get red for nationalized health care, there's a lot of changes and even the fed missed many of their programs creating money, but instead of seeing it move into the loanable area

i'm colin beck of fidelity investments. are choosing fidelity. now get 200 free trades when you open an account. is. >>> welcome to hour three of "squawk on the street." here's what's happening so far. >> are you still bullish? >> sure. >> it's so overwhelming. the economy is getting better. autos are better. housing is better. they can't find enough people to work in housing is the only thing holding back right now. >> april import prices fell 5/10 of 1%. exactly as many were expecting. >> everybody is waiting for gaps to be filled. everybody thinks if it goes up further it has to go back in. but the fed better cool things eventually, and when it does it will be better. the japanese are flooding the huge economy. flooding the world of liquidity. >> they asked him what is the best place to be. they said every plals ask the best place to be. >> like to see a little bit of a hesitancy. taking it one step at a time. >> not sure the directors showed how tough they could be in holding management's feet to the fire. they focused