. >>> and eddie lampert, and the shares with sears, how to turn around the struggling business.the stock was up almost 2% to $40.80. >>> after the close, billionaire carl icahn disclosed a stake in family dollar, he believes shares are under-valued and plans to discuss strategies with the company's board which may include strategic alternatives. shares spiked after the closing, shares up 60.53. our market monitor tonight is expecting a 10% correction in /j it as healthy. investors should buy stocks when and if it happens. he is chief equity strategist, phil, welcome to have you. what could trigger a correction? >> well, tyler you have treasury ills and stock prices that are both over-priced here. the vics, you talked about that before here sitting down here at a cycle low. so you're certainly poised for 4zmátq' certainly we could see modest summer hiccup. again if that happened we would use it as buying opportunity. >> there were reports earlier this week that fed was concerned about complacency in the market, there is notñr a lot of hedging are you concerned that investors are

records say mullally met with sear's ceo eddie lampert. he said this about his future plans. >> i have absolutely two global eicon icons. got a great traem. the strategy is going to stay in place, the management system, the culture. when i graduate on july 1st, i'm going to really think about where i'm going to serve next. >> he didn't say no. in mullally ends up at sears would he be able to save the struggling retailer. i don't know. >> he certainly has a great reputation in turning things around. the problem with sears and retail in general, you have a lot of great operators in this field that haven't been able to do anything. perhaps if they spin off some of the real estate, maybe there's some of the parts trading here, but i think it would be a tough road to sled. >> it just seems a little -- this is a guy that has a manufacturing background and this is a major retail conundrum to go through. >> final trade time. let's go around the horn. tim seymour. >> yeah, my final trade -- >> you forgot. there it is. total. >> energy has been the

if somehow eddie lampert can land him over at sears, i think his name would really give some credibility to that stock and help it. because i'm not an owner of sears, but they do need some help. >> stock would jump on day one. a matter of what it would do on day 12. >> would go up $10. >> a lot closer to his actual wheel house than microsoft, which i never liked the idea of him taking over at microsoft. >> let's say this does not happen, no truth to it, whatever, the mere fact that eddie lampert is looking to people like mulaly, does that get you more excited about sears holdings going forward? >> it tells you that -- >> he's looking for some stars. >> right. he's not giving up. he's looking for something to manage this, like jcpenney was always looking for somebody. >> underinvested for years. whoever goes in there has a whole heck of a lot to do to get that thing -- to see it -- >> i'm not saying it is the greatest thing for the stock, but it shows us he's got a commitment to get this turned around. >> i wouldn't buy the stock on it. >> 20% short position. the stock price will explode.

ford ceo alan mulally will talk his tenure at ford, gm's ignition crisis, what advice he gave to eddie lampertd what's next for him. ceo and cofounder adam goldstein just rolled out some big changes. how does this start-up stack up against expedia and kayak? and will it ipo? and the ceo and president to have breeders cup ahead of tomorrow's belmont stakes race. kentucky derby and preakness winner california chrome facing enormous pressure to clinch the elusive triple crown title. "countdown to the closing bell" kicks off right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. you might say today's jobs numbers were just good enough. with payrolls rising by 217,000 and finally hitting pre-recession numbers. good enough to please traders and investors. records already, right now, all major indices higher. the s&p and the dow on track for yet new record highs. for the s&p that would be eight records in ten sessions. earlier dow jones industrials hit an everest, as i'm calling it, a mountaintop of the top, the very top. dow jones industrials needs to close at 16,836 or higher, we are well a

ford ceo alan mulally will talk his tenure at ford, gm's ignition crisis, what advice he gave to eddie lampertounder adam goldstein just rolled out some big changes. how does this start-up stack up against expedia and kayak? and will it ipo? and the ceo and president to have breeders cup ahead of tomorrow's belmont stakes race.

sears chairman eddie lampert taxing. details on that strategy session coming your way.. if california chrome wins, it will be a major return and investments. businesses added 217,000 jobs last month. the total payroll

saw an interesting meeting took place with eddie lampert. >> i love that story. >> maybe the entire section. >> have to ask about that. another look at futures here. of course it is an employment number friday. we got the number. not bad. not too hot, not too cold perhaps. you can see the market reacting. >> goldilocks thing. >> i know. >> he was so on his game this morning. >> does feel that way. by the way, earlier, it did send the ten-year yield down a little bit, i think. we'll see how long that lasts. a lot more "squawk on the street." we're going to last for quite a while here at post nine at the nyse. we're back after this. oh my god! look. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. ♪ >>> welcome back to post nine. bank of america is reportedly in talks to settle mortgage probes. multiple reports say

reuters reports that sears ceo eddie lampert met with ford's alan mulally seeking advice. sources say lampert may have been gauging whether mulally was interested in becoming chief executive at sears. >> really? wow! >> that's -- >> he wants something to do. >> all i always thought mulally another act in him. >> if he could turn sears around that's a big deal. >> what's second prize, running sears and jcpenney? you get to do both. mulally who's retiring from ford next month will be a guest on "squawk on the street" later this morning. all the goodwill we built up over the years apparently means nothing. >> i'm talking to him also for "on the money." that will be on tonight. >> are you a soprano or soprano? >> soprano. >> you set vigilante the other day. >> i said something else. it was something else. >> no longer the most popular series in hbo history. "game of thrones" holds that honor. the stats are staggering. "the sopranos" averaged 18.2 million viewers. >> it helps to never know who's going to get whacked. >> especially when it could be anyone. >> on this show -- >>