and our guest host david darst.onsultant but was also at morgan stanley for a long time. we're going to talk a lot. you always come so well prepared. and i want to talk to you. i want to get your reasons for doing things. bruce, they won't go in june. i know you. they won't go in june. stay easy forever, right? >> i don't think stay easy forever. what's going to happen is the economy is going to rebound. i think there are questions about how much it rebounds. but i think the idea that the economy is going to do better in the second quarter is pretty clear on a number of fronts. i think we have a tightening labor market. i think we have signed that wages are turning. i think the fed is holding back here because there's just more uncertainty and concern about the dollar. more questions about where growth is. that's something they really don't want to do. so they're going to hold off here a little bit. if we're looking at an economy that is going to gather steam, labor markets that continue to tighten. the fed's going

. >> our thanks to david darst. and make sure you guys join us. you're back? >> yes, tomorrow. >> "squawk on the street" is next. ♪ swing, batter batter swing, batter batter ♪ >> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. first chance for the market to react to friday's disappointing jobs number and it has set up some bearish action to start the week. get ready for earnings season as well. alcoa hits on wednesday. oil back above 50 this morning as the saudis raise prices again, recovering from that tumble after the iran nuclear deal. ten-year is below 185, a fresh two-month low. our road map begins with the markets and that disappointing jobs report. bill dudley making some downbeat comments on the economy in the first quarter. >> tesla sales set expectations setting a new record a 55% increase, despite the weak rollout in china. >> and what's missing from samsung's new phone has qualcomm shares moving lower in the pre-market. first up this morning, the march jobs

that's the high of the session there at $28.60 david darst. >> bill their dividend is 92 cents a share >> it's still a yield of roughly 3% even with this gain today. >> correct. and it used to be $1.25. it still hasn't made it back to the old level. on china the bubble possibilities in china, thus far this year 4 million new accounts have been opened by individual investors. this coming week is going to give us a look at retail sales producer prices, consumer prices. those will indicate whether we have the pricing power, also the housing market. you're going to get a chance to see housing starts and the home builders confidence index. >> you're looking overseas? would you go with china at this point? >> we wouldn't go to china. we'd go the other direction. we think some of the beaten down energy companies in europe world dutch petroleum, toe taltal, are great values. europe is just starting qe. that's the wind at their back down there. i agree with david 100%. look at the inflation data next week. that's going to give us a real good idea of what the fed's thinking is and, let's face, i