our guest host today is david rubenstein. >> thank you, dan.e to wait a few years, andrew, i think, though. the thing you had, it was not that clear. we need high-def. >> it was cool. >> it's cool but you need high -- it will get better and better as the years go by. >> it will. >>> notice david asked what would you do with a billion dollars. usually i ask $10,000. >> i did give you a hard time. he was going to buy amazon. he can buy 16 shares of amazon. you have to act like a player. he acts like a player. you become a player. obviously you're not a player. i am thinking oculus, the eyes wide shut edition. >> wow. >> the vision. yes. >> do you remember -- ♪ >> yes. >>> coming up, that's what you you were thinking, right? >> i was not thinking that. now that you have my head there -- >>> how sony is teaming up with a technology company -- oh, it's not for virtual reality but to use new school interactive videos and old-school vinyl to try to breathe new life into the record business. >>> later we'll meet a millennial who is ready to shatter the

we should give our special thanks to david rubenstein. >> my pleasure. >> great time talking all things markets and politics. >> hope you come down to washington. >> we will do that. >> maybe do the show from the lincoln memorial. >> can we coordinate that? >> anything you want to see, done. >> thank you. join us tomorrow. "squawk on the street" begins right now. ♪ >>> good monday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber, nice to have the band back together. dow is coming off the highest close since december 4th. something for everyone today. an airline deal, some fed speak, futures in a tight range. oil in focus after last week's 6% drop. the federal reserve kicking off a series of bank reform meetings today led by neel kashkari. >> tesla's model 3 orders topped $10 billion in the first 36 hours. >> and that data leak of more than 11 million documents making its way around the globe. why the panama papers have more than a few world leaders under the microscope. >> futures inching higher. oil prices hitting some one-month lows. invest

tune in monday, david rubenstein is our special guest host. that's monday starting at 7:00 a.m.ave gotten worse. dow futures down by about 95 points. the nasdaq down by 27. ♪ [engine revs] ♪ ♪ [engine revving] the all-new audi a4 is here. that's why i run on quickbooks. details. i use the payments app to accept credit cards... ...and everything autosyncs. those sales prove my sustainable designs are better for the environment and my bottom line. that's how i own it. >>> let's get a final thought from our guest host, rebecca paterson and larry kudlow. about ten seconds each. >> ten seconds. i just used two. i think we're in the late cycle expansion. i don't think that means stocks can't go up. it's just going to be choppy. be careful. you have to manage the volatility. >> that was 20 seconds. >> wisconsin race will be interesting. new polls show it's a tighter race, even though trump has had a terrible two weeks. the republican party is using ted cruz as a battering ram to damage donald trump and get paul ryan as the candidate. >> thank you both. >> ain't going to happen. >> join

. >> david rubenstein was with us yesterday. he's the co-founder of the carlisle group. his point was, look, in the last month, he's really seen a turn. he's got over 200 companies around the globe. he's seriously seen a turn in consumer confidence, business confidence during that time. i just wonder if that's so new that a ceo is going to be a little cautious before saying that on a conference call and getting pinned down to expectations for the rest of the year based on a turn that's happened in the last month. >> neither are monetary policymakers saying anything great about the outlook. again, how much can you expect them to say? the estimates themselves have been cut more than we had seen at any point last year, and conditions are probably moving in a slightly more favorable way. the bigger part of the earnings gains for this cycle, sad to say, are over. >> would you both be willing to commit money -- would you tell people to commit money here or wait for a slight pullback? >> we're having a slight pullback today. >> triple digits down? we're still talking about leve

>> i just think -- >> you raerd from david rubenstein the entire outlook has improved. >> look at wheree february. it was pretty dire ouook. so certainly gotten better and it's raised confidence in terms of a ceo's expectations for earnings. >> do the companies sand bag or do the analysts just play along so the companies do better? what do you think? >> both. >> analysts don't think enough of themselves so they rely on the companies snoofrpry quarter they are like sheep never realized gosh i'm being played. you're probably right. >> what do you think it is? >> i think the analysts most of the time the analysts listen to what companies are telling them. there's not a huge amount. the company is sand bagging it. the analysts put in the number that the company guided it towards and the companies are sand bagging especially so in this environment when there's a lot of uncertainty. >> and we report they beat expectations. we're right. so we're all complicit. what do we do? >> nothing. >> no. i think you're on to something. >> 70%. that's a normal earnings season. >> given this backdrop, what

. >> we've heard from people who have come in recently, you know, business leaders like a david rubenstein, who's looking at company results, saying there's been a significant turn in the last month or so. is that something you've picked up on in any other numbers? >> oh, absolutely. if you look at the profit numbers, they're negative again in this first quarter. that's pretty significant challenge. business investment has not picked up. despite lower interest rates, business expectations are pretty moderate in terms of where the economy is going. we're not really investing very much. >> what's wrong? what's the problem? >> well, i think it's, again, people lowering their overall expectations, thinking that all that central bank easing around the globe really hasn't picked up the economies as people had expected. there's still some uncertainty about the china slowdown. quite frankly, brazil, russia, major economies are still in recession. >> in terms of how you think we fare, this debate still goes on. look, we're an economy that's always managed to kind of lead the way. can we continue to