todd horowitz down in the pits of cme. todd, let's talk about the interest rate. it is almost like a collapse. it has gone down 21 basis points just this month on the 10-year. what is that telling you? >> hi david, hi liz. depend on what side of the camp you're in. if you're a bull everybody is selling foreign debt and buying u.s. foreign debt is much higher and selling into arbitrage. you're a bear, money is coming out of the stock market going into the bond market. those are the two arguments. the truth of it is, the market is a dull market. there is not much going on. people are getting a little bit edgy. i think there is little bit of money flowing into the bond market. i think you see a little bit of fear. vix is not showing a little bit of fear.

we want to thank everyone, bret wilsey, bret, and todd horowitz. we'll see you at the close of s&p 500 futures. david: great stuff. internal tug-of-war, we got into it at the fed as hawks and doves debate how to unwind a 4 trillion plus balance sheet without a big market disruption. and without an inflation spike. will they be able to carry this off? former fed vice-chair alan blinder has an answer. he joins us in a "first on fox business" interview straight ahead. liz: plus the president meeting with ceos on finding out how to bring manufacturing back home and strengthening what we do have already here. we're talking to the ceo of connection. he was with the president. what ideas were proposed? does he think the white house was receptive? why did he move his business back to the u.s.? we'll find out. david: "godzilla," the movie that liz had a chance to see. she wanted to but her husband didn't. stock stomped out the competition this weekend the looks like it is also symptomming out japan's market. one of the worst in the world right now. one stra

todd horowitz down in the pits of cme. todd, let's talk about the interest rate. it is almost like a collapse. it has gone down 21 basis points just this month on the 10-year. what is that telling you? >> hi david, hi liz. depend on what side of the camp you're in. if you're a bull everybody is selling foreign debt and buying u.s. foreign debt is much higher and selling into arbitrage. you're a bear, money is coming out of the stock market going into the bond market. those are the two arguments. the truth of it is, the market is a dull market. there is not much going on. people are getting a little bit edgy. i think there is little bit of money flowing into the bond market. i think you see a little bit of fear. vix is not showing a little bit of fear. bond market says maybe we have a little bit to worry about here. markets are very dull. i don't think anything we need to read into. other than interest rates are falling and bond futures going higher. liz: yeah. peter kenny, a pal of the show. he had written piece on transquilt. if you call boredom tranquility, stil

♪fame horowitz. >>> check out what's happening with refr bed technology.ith the board of directors. said the results of last thursday's annual meeting sent a clear message to stop entrenching and engage. and the company rejected their offer earlier this year. that stock currently up about 1%. back over to you carl. >> thanks a lot. our next guest placed ads around the d.c. area urging citizens to call the fcc and save the internet. on the heels of this action we're joined by alexis ohannia. great to have you back. >> great to be here. >> it is a call to action to the fcc. >> it is indeed. and this is crowd funded. i got people all over the country to chip in and get these billboards up. and now the is time for action. top firms all writing letters to chairman wheeler. and we hope we can get the internet classified as the utility we all know it to be. >> so his attempts to calm the critics at this house hearing last week not enough for you. >> no. he's talking the talk but he hasn't been walking it. the proposal on the 706 does not do enough to explicitly s

lee munson, todd horowitz, thank you very much. todd, actually we'll see you in a couple minutes when the futures close. mark newton, we wanted to thank you you as well. mark, thanks. >>> tesla as you saw reporting moments ago, the stock falling 6% despite a beat with the stock up more than 30% this year. so what's happening? how do we bet on a stock that is trading low after-hours even though it came out with good numbers? we'll talk more about that. liz: david, it says it is going gangbusters in china. it sees that as a huge market. >>> hot profits today and new government predictions on higher natural gas prices could keep specter's profits and stock price roaring. we have the ceo live straight ahead. david: also once again, janet yellen saying essentially that the inflation is a non-issue right now. guess what? when you go to the grocery store around buy stuff there, you know it is an issue, everyday, that you buy at the grocery store or fill up at the pump. so how do we deal with inflation? and is food and gas just the tip of

let's check in now with a trader todd horowitz of the average joe options. hello my friend, how're you doing? > > what's up angie? > > well let's talk about the treasuries to start with. what's your treasury play? we've heard so much fed speak this week. > > you know i think that you're seeing a big flight to quality, you're seeing a lot of buying in treasuries except yesterday a minor sell-off, but for the amount that we've rallied you know the sell-off yesterday was really very little. i think you're seeing a big flight to safety here, i think there's a big arbitrage of money actually coming out of the equity market even though it rallied into the treasury market. > > it has been a wild week for those equities so what are you doing with your money? > > well i'm still keeping my money in my mattress, i mean i'm actually staying in cash or if i could find a good spot to go to the short side of the market, i think that 1900 is a great spot to take a wack from the short side, i don't think that there's a lot of move to the upside but really when you look at th

trader todd horowitz of average joe options joins us now for a look at the trading day. good morning. > > good morning, angie, what's up? > > well let's talk about these yields... the 10 year yield is around a six month low-- what does that tell us? > > well it's telling us a couple of things. i think it's indicating that obviously the fed is way involved. they're still buying treasurys and also i think as we look at it, it's probably a little bit of a flight to safety. i think we've seen a little bit of move out of the equity market into the bonds and into some of the safer stocks so i think it's probably right here just an arbitrage. i don't think it's anything to get too worried about or get too excited about. i think it's a natural move and probably coming up in to expiration on friday. > > what do you think that investors should be watching in overseas action? > > you know i think overseas you got to watch their dollars, you got to watch what they're doing. right now the central banks throughout the entire world are at a race to devalue their own currency, and i thi

trader todd horowitz of average joe options joins us for a look at the trading day. good morning to you, i have to start with that treasury topple... what is the word from the trading floor, todd? > > good morning, angie. well i'll tell you what we're seeing it depends on who you talk to... if you talk to the bulls, all you're seeing is an arbitrage selling for indebted high prices and buying american debt. if you're a bear, you're saying that something's got to give, the bonds, the interest rates are going to low, bond futures are going too high... the bottom line, angie, is nothing's going on, there is no buying, it's very quiet and were seeing some flow of funds into the bond market right now. > > still it's a big deal that we're sitting this low. what about gold? gold also selling off todd. > > you know i tell you when you see weakness in the dow i think everybody's kind of gauging what mario draghi might say next week. and i think they're trying to position themselves ahead of what he's done because you know super mario-- he always has some special surprise in m

it is amazing horowitz has joined by members of borrowing expressed disgust and fear the eighth with a blanket not to go to sydney lecturer in to manage the nation's most days thinking of this state mom thank you very much become each dish tv nbc evening. we get a quick rundown of events that what's your interpretation of what happened. while counts it's a very grim situation on the ground and we do have competing narratives coming out from both sides. but what seems to what happened is there have been competing protesters in odessa for the last few months we have seen that street battles of the nice feuding political militias. i think is the best way to call but this is the first outbreak of really deadly violence that we have seen it started out when a group of up nice and tidy up which protesters which had set up a tent camp on any area of the tree building in downtown and got some were attacked by a marvel of the needs of these ultra nationalists including the right sector ultra nationalist alliance of football shows plans of violent fans of the local football team and what start

todd horowitz, founder of average joe options.com. have a great day. stay tuned to cnbc, the "squawk" team will be speaking to rap star and beats investor wil will.i.am. >>> european views will get to also hear from will.i.am. >>> earlier we asked you which would was spelled incorrectly, embarrassing, assassinated or floor res sierido fluorescent? assassinated. >>> thanks for joining us. "squawk box" is next. >>> good friday morning. one more trading day left in may. are investors preparing to sell and go away? hopefully we've got some answers. also erasing google. how the tech join the is letting europeans delete personal information from search results. steve ballmer, he's found a new job. the former microsoft boss behind the l.a. clippers for a record $2 billion. friday, may 30th, 2014. "squawk box" begins right now. ♪ they're playing basketball ♪ we love that basketball ♪ they're playing basketball >> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with andrew ross sorkin. joe is out today. but we have double du

steve horowitz sctudies and say that's not a good idea.hy not if they can find a program at that works. >> that's it, john. the programs we have seen in the past haven't worked at doing this. i agree i think all things equal have the kids ready by two stable parents. >> why would you think they could help? >> i don't think they have the answers but government isn't doing a great job. others might do a grebetter job. >> you know anybody? >> government launched an advertising campaign to get everybody to hate smoking. look at the change and attitude toward smoking and behavior. >> will the campaign stay marri married? >> you can do lots of things. do it in a positive way the value of having children before you get married and through the rough spot. >> you argued it would help if they continued defining marriages between a man and a woem. if we aboll hish and for the private full fimment of adults. >> this is not abolishing marriage changes the definition. >> it means you abolished it in a unique purpose and structure that hasn't been just a

the '08 campaign, jason horowitz, my colleague. >> i was my colleague at the time.talking about here. >> joe biden launched his campaign saying barack obama was formidable because he would be a clean and articulate candidate. i think among political observers they have known this side of joe biden. yes, he was the guy that could talk fluently about kosovo but he was also somebody that was sort of pro into windiness and saying things that were a little bit head scratching. the '08 comments to jay horowitz was the obvious example and going on years before that. he is the vice president of the united states and he has played along with it that it's a more prominent opposition in this sort of political world. >> it's true. i remember when that interview came out in early 2007 and it caused a major storm and it was one of those things he looked back at when obama put him on the ticket a year and a half later and saying their relationship has come a long way. >> i think part of the reason that we have sort of seems distinct for these personality reasons for his quirks and

yeah, dc firms from an degreesen horowitz, they are all here, venture-scape in san francisco, panels, discussions, but the big question before the house, is there a tech bubble? silicon valley? we'll have that story for you when "power lunch" returns. (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. take it on the way you always have. live healthy and take one a day women's 50+. a complete multivitamin with 7 antioxidants to support cell health. age? who cares. >>> the stock is off about 25%, from the high that it hit at the end of february, and does include today's gain of about 2.5%. >> thank you, sheila. >>> the tech sector surging over 20% over one year, and that has some people wondering if there's a bit of a bubble brewing. cnbc's josh lipton joins you from san francisco. over to you, josh. >> reporter: well, sue, certainly big name vcs are gathered toda

back in december, coin base doing very well raised $25 million in series b round led by andreessen horowitznow bitcoin trading down from its big high of $1,000 a few months ago. right now it is 568, 570. looking at numbers, dish has more than 14 million paying subscribers. as of december coin base saying it has about 600,000 consumer wallets. so that is where the potential is. now dish is joining other companies in accepting bitcoin like overstock. they actually generated a million dollars worth of transactions in bitcoin in less than two months. other companies, zynga, virgin galactic, tesla, and okay cupid. dish networks shares are up fractionally up today. dave, liz. david: jo, thank you very much. >> thank you. david: no way to sugar coat the first quarter, the economy shrank for the first time since 2011 but the stock market just slurringed. shrugged. are the bulls getting arrogant. we'll bat it out with a bulls and bears debate with two economists. >> there is lot that could go wrong with traveling but would be great to take out pain of my mishaps you suffer? we'll tell you how you co

but these guys spencer and david horowitz pamela geller and all the rest of them they are out of bounds. there's one thing they don't do though. they don't say who is in bounds. ever. even though they pay lip service to the possibility that there is legitimate criticism of islam and jihad they don't actually specify who embodies that legitimate criticism. the fact is that the claim itself is a red herring designed to mask the fact that they don't really believe that there is any legitimate criticism of islam even including jihad terror such as we see boko haram committing these days. they really don't think there is any legitimate criticism of sharia such as we see imposed by the sultan of room i -- brunei and what has been enforced in saudi arabia and iran and parts of somalia and sudan and so on. what this is all about this smearing of people who speak up against this is very clear. it is an attempt to absolutely rule out a downs any criticism of jihad terror so that jihad terror and islamic law can advance unimpeded and unimposed. that is what it's all about. the reason why we are in

ted horowitz is founder of average joe options and joins me from the trading floor.e you this morning. right, so for the dow and s&p yesterday, what was behind that move? >> good morning, ross. i think, you know, we needed a little bit of profit-taking. you know, it kind of started wednesday with a very light sell-off because the volatility and buy-in weren't there. thursday, yesterday, we had more buy-in and more volatility but still looking more like profit-taking. we are at the upper end of our range and put in a new high. a little bit of natural sell something no big deal right here yet. >> no big deal here. ralph acampora saying he has a sick feeling a big crash is coming. do you have any of that? >> well, i have been bearish quite a while and seller of the top level and think we're in a bubble and do think we'll have a sell-off. my target still is 15.60 in the s&p before year's end so i do see a 15% to 20% sell-off from up here but, again, a crash, i don't know if we'll see a crash but do expect selling and do expect to see some pressure. you know, the fed can

it's got big-name backers including venture capitalist, mark andreasen, ben horowitz and marissa mayer. here is the president and ceo of wealth front, adam nash. >> great to be here. >> for those who don't know what this is, give us a 30-second zplangs of h explanation of how wealth front works. >> it's quite simple. we're the largest and fastest growing automated investment service. we provide an index fund portfolio without the high minimums or fees of the traditional provider. >> if i called charles schwab and fidelity, what is different what you do as oppose today's what they do. >> we do 11 different asset classes. they won't automatically monitor and maintain that portfolio every day. we do rebalancing, intelligent dividend reininvestment and tax loss harvesting on a continuing basis. >> if i tell you 20% bonds, 80% stocks, as that moves you'll continue to move that money around. >> you take a questionnaire with judge your risk tolerance. we give you an asset allocation. different asset classes make sense in different accounts. muni bonds might week sense in a taxable account. re

. >> horowitz said they can use inequality of pay for women. anyway -- >> don't do that. >> not anymore. >> all right. >> let's not go there. >> all right, all right. >>> in the headlines this morning, the former head -- you have to talk about this. the former head of china investment banking at jpmorgan has reportedly been arrested in hong kong by that territory's anti-corruption agency, fang fang. >> that's his name, fang fang. do you name fang fang. >> i did not work with fang fang. >> were you aware of him as being a big rainmaker? china for the company. >> he came after i left. >> he left in march by the way. he's been a focus of this bribery investigation into the u.s. into whether jpmorgan's so-called sons and daughters hiring program violated the foreign corrupt practices act. it's like a -- it's hard to, you know -- it's hard to pin that on them because the people that are probably the most qualified candidates just happen to be the sons and daughters of -- >> thus far, fang fang's e-mails, of all the e-mails that come out, it's his e-

i have one feature in common they were all second choice sons they each had a horowitz older brother who was the apple of their father's eye and each of them were forced to succeed the older brother as the play as the political leader and four for a side he was a physician. training in ophthalmology when his brother died in an accident and he was summoned home to lead so i don't believe by any means that bashar assad is cut of the same cloth as his father who was totally powerful in control later in fact one can make a case as my co-author with the purchase and i did he may not be fully in charge he his family is looking over his shoulder the military is looking over his show there and his younger brother my hair is much more in his father's mode is in charge of security. the problem is he cannot really leave much as he might like to or it would mean the end of the b. of the assad regime occurring on his watch and part of what his challenge is is. to try to find a way out of this conundrum but this is not like libya there's a large base of loyal syrian military and we have a long way

obviously, andreesen horowitz gets paid seemingly one out of three times when anything gets purchasedm still scratching my head over this one. there's speculation out there it's about getting jimmy iviaon who is big in the music industry. i have questions about how his personality would mesh with apple's current suite of executives. >> well, why not? iovine is very interesting, and there's a lot more going on at apple. they do need to bring in fresh perspectiving. bhi the way, he's one of the best dealmakers, so maybe this is what he convinced them. that could be that. >> kara, there is some executive reordering going on at apple. you talked about the pr chief said to depart this week. talk about some of the deck chairs being shuffled at apple and what they need to do to restore some of the rampgs to make sure they do have the best people there. >> well, you know, she's been there a long time. she's a very famous pr -- she's more than pr. so much more than that. you know, she's been there in the jobs era, and worked with him to create this mystique around apple, and i guess it's time