there is information that it's data -- >> janet yellin was painfully even ha evened. she wanted to convey the message lower for longer. she's had an easy entry to the job in the since that the payrolls data haven't been so strong to worry people nor so weak to worry us. >> so your point is she's still untested to this point. haven't seen any significant hardships to get through. >> in our economic forecast we think last quarter was tracking at 1% annual rate and we'll be closer to 3.5%s in the second quarter. when we start getting those monthly numbers consistent with 3.5% expansion in the economy and the headlines start with the 2 or 3 on nonfirm payrolls that will be associated with testing of the fed. >> jillian, let's talk about earnings season. i've been pleasantly surprised, not everybody but a lot of the companies have been coming in with numbers that are better than expected. what do you think is happening here? >> well, it's very interesting indeed because as far as earnings are concerned you're basically looking at the same big question that you're looking a

janet yellin, are you listening? the plan is for everybody to get over their skis and risk nap's how they want to fix the system. so, yes, i think it's going to continue to be exactly like it's been the first quarter and part of the second for the next several quarters in my opinion, and i think the most important number next week isn't the jobs number on friday. it's the week wednesday look at first quarter gdp, make all the weather excuses you want. the high-side whisperer is 1.5%. >> which actually, rick, comes out on the same day that the federal reserve comes out with its statement, kathy, on the fixed-income mark. rick said here we are making new lows for treasury yields. the yen is rally, gold is ral rallying. the ukraine political risk situation or something more worrisome about the u.s. economy? >> i think you have a combination of things. first quarter was slower than expected. globally economic growth is slower than expected. we've got declining monetary indicators in europe and japan. even in china now. s

janet yellin speaks economic recovery. n.s.a.urveillance programs and effect leaks.edward snowden then president obama is in pennsylvania to announce a new training initiative. >> supreme court justices are the report thursday to discuss the first phaefplt and defined.om is we will have live coverage from startingnal press club on c-span.. eastern >> crip to go is an ancient art begins of ack to the human history. we don't go become that far but e have some interesting artifacts that help people understand how long people have een making and breaking codes and had a need. when we talk about the united stat states, it is important to note that the making and breaking of part of america even before we gained our independence. one of our most precious artifacts is referred to as the cyber device. truth in advertising it is very that we don't te have any definitive conclusive vidence that this particular device belonged to thomas jefferson but there are some about it.g facts one, this device was found in an ntique store very close to

we're going to hear from janet yellin, get another picture if she's going to emphasize that she's goingdo everything possible to help the economy or just emphasize hey, steady as she goes, we have a plan, we're going to be reducing our stimulus and just expect that for a time to come. i think those things, i hear a lot of people saying, you know, the ukraine thing is something to keep fixating on. we don't have something specific and acute to worry about yet. >> thank you both for being here. up çnext, we are on the money. might suffer from sicker shock this spring. home prices are rising fast and maybe out of reach for the average buyer. and later, what does a nearly 200-year-old family business know about innovation? reinvention is music to the ears of fans of martin guitars. take a look at how the stock market ended the week. >>> sales took a dip last month. home prices are flying high. what should homeowners know about the prices this spring? joining us now is our real estate correspondent, diana olick. thank you for being here this morning. >> well, thanks for having me. >> the ma

they are more hawkish than janet yellin. >> it is. we have a rotation of regional presidents in january. janet yellin has been missing uber-dove.d as the the views reflecting of the entire fm oc? >> indeed. maybe even more than member nikki used to. months after the end of qe tapering. the minutes will be fascinating and we will see further light shed on the prognosis. >> what will this tell us about the optimal control theory? >> given the comments at the , the theoryence that you would leave rates lower temporarily for the cost of unemployment. if you like the theories before , it is the same as the press conference. >> talk to me how dovish or hawkish groups of people are. will there be big changes? we going to have new voices coming on board? newborn as is tend to be more hawkish. tend to be more hawkish. they are more likely to adopt a hawkish stance in their tenure. lady did notd the arrive until july and august. dissent ink for august or september. >> dissent? >> we have not had a lot of that. there will be a shock to the marke

today we get out some data on consumer prices and housing and fed chair janet yellin speaks before the opening bell. in terms of yesterday's price action, the dow raising 126 points and the nasdaq closing up by 22. >>> social security administration halting a program under which people had their tax refunds seized. social security recipients complain they were forced to give back money that was sometimes paid to their parent when they were children. telling users their e-mails are being automatically scanned to create targeted ads. that's following legal action. it violates their privacy in wire tapping laws but they consented as part of the e-mail delivery process. >>> let's check in with christine right now and she has a look at our forecast. >> good morning to you. pretty mild to start the day and widespread 50s and temperatures this morning will stay put, at least for the next few hours, even after that sun comes up and limited sunshine. little disturbance through the bay area and, as a result, we have fog left over this morning and three hours of visibility up in santa rosa and fo

janet yellin in a recent speech said that, at best, job wage growth has grown by 2.25 percentage points. when you look at what low-wage workers spend their money on, food and energy, that's not keeping up with t bulk of their budget. energy prices have gone up over 100% since the great recession. we are looking at food prices that have gone up on average over 47%. so a 2.25 yearly annual increase in wages simply won't cut it for a lot of americans. >> most people look at the stock market and the incredible success it's had in the last few years. how come that's not translating into good paying jobs? >> that's a great question. it is a hard question to answer. right now companies are sitting on a lot of cash, so the cash is available to create new jobs. the question is, it is the incentive. are companies still fearing risk coming down the road? is it a lack of demand? this is a question that needs to be answered because we are not getting these good quality jobs that the market needs. it is also important to understand that the government isn't adding jobs. they're not playing their role

janet yellin's speech says the fed remains in the market and economy's corner. hasn't paid to fight the fed for several years and it won't for several years going forward. in terms of earnings, while ibm and google disappointed last night, american express, the best bellwether indicator of small business lending and also consumer lending and spending, we've seen growth. this has enabled this market to gain more ground than it's lost over any meaningful time period. >> can it keep going when a lot of people are wondering whether the interest rate market is telling us that the economy can't keep up? >> i think slow and steady wins the race. yesterday with janet yellin reiterating that hey, they are going to keep interest rates low and they're going to tie it to the jobless market -- or unemployment market, inflation under control, this is good news i think for the markets on overall for long term. >> here's a reason -- >> i completely agree. if you take a look at the long-term treasuries today -- >> because yesterday we did have the janet yellin speech and the mar

we're in an environment people don't know what janet yellin is going to do. in the backdrop, the one thing she said i think is not getting enough reporting they will have a much slower progress of interest rate hikes than in the past which means the yield curve won't in vert for quite some time. once we get through that thought process, loan demand, easier lending standards and capital market activity will benefit the banks. >> tony, thanks for coming on, great to see you again. >>> one more note in terms of the markets. goldman was out with a big note today saying some momentum stocks could get remomentum behind them talking netflix and gilead, cnbc, google. >> what ends up happening at a certain point people say this is not a momentum trade and make this about the individual companies again. when you look at stocks like gilead and netflix, they really have little to do with the fires and teslas, there's an earnings underpinnings and see bids in those stock you never thought you would see again. the problem is timing, almost impossible. could lose 10-15% on

investors were apparently optimistic after the fed chair janet yellin said there is still room for thel the modest games end of quarter window dressing. >>> u.s. soda sales are losing their fizz. consumption of carbonated soft drinks nearly doubled in decline from the year before as energy drinks and flavored waters gain new ground. >>> the cost of getting hitched had has hit a new high. just under $30,000 not counting a honeymoon. that's "america's money." make it a great day. >>> this morning two historians say the search for the holy grail is over. the pair says there is conclusive evidence from ancient egyptian scrolls confirming that this is the cup used by jesus christ during the last supper ending a 2,000-year-old mystery. they believe the jewel-enkruftd goblet has been inside a spanish basilica in leon, spain for the past 1,000 years. officials say the cup was stole frn jerusalem a from jerusalem and taken to egypt where it was disguised. is it the real think? "good morning america" will have more on this story coming up at 7:00. no, we won't check in with indiana jones. >> tod

en federal reserve chair janet yellin speaks. next firsthand stories of bombings and chemical attacks in syria. a pop singer who is leading protests in the ukraine and a conversation with hillary clinton. this was part of the fifth annual women in the world summit from lincoln center, in new york city. this two-hour portion of the event starts with remarks from organizer tina brown. [cheers and applause] >> so when i look around the theater tonight, i am so blown away by what i see because i think some of you are going to remember that five years ago women in the world began with just 300 people, like the greeks and now look how we have grown, just like the global women's movement has grown, too. half the people in the world are now claiming their share of respect and power and dignity and wealth, of education for themselves, their children, their world. and tonight we're going to have the honor of hearing from two women, two leaders who contributed so much to the struggles to make that happen, managing director of the i.m.s. chr

you have a lot of earnings and janet yellin speaking to the new york economic club wednesday.dverse consequences for the market either way? >> certainly. one of the reason they're watching the 10-year so conservatorly is they're trying to sorting through the headlines of ukraine. if there's real troop movement and real hostility, they think the first place they see that is in the 10-year. a variety of things could come up. janet yellin's speech, i would have to think has been vetted and riveted again after the little problem she had last time. i would tell the viewers you have to watch carefully if we have secondary strength, 1837, 1841, that used to be very clear support. it worked three times. now, it will be resistance. they probably will have difficulty getting up through that. the run rate is not very heavy as of now. looks like fairly normal. europe went out okay. it's probably news headlines and maybe rumor mongers. >> you've never been a huge follower of the vix in general. people made a big deal about sfra17 on friday. does that interest you? >> no. i think it's a bro

also, fed chief janet yellin reassured investors saying that interest rates will stay low, that meanso be cheap. l plus economic growth in china slowing down but not as fast as expected. you get a lot of green arrows on the screen today. seeing triple digits to the upside. this is today. look at how the market's been lately, lately it's been volatile. we've been getting, i don't know, whiplash lately. trip triple digit swings yesterday, stocks down for the month because we've been getting mixed signals from earnings season overall. today, up arrows, yes, seem to be the pattern. >> we'll take the green on the screen. investors will take the green on the screen. you had me with the tweet, 60 seconds to explain this, james bond type kill switch coming to i cell phone near you. >> think james bond kill switch, coming to a cell phone next july. so what this would do is allow you to be able to remotely disable your phone, wipe all of your personal data off 0. why do this? because if a crook steals your phone he's going to get your information potentially. this hopefully deters thieves from

at the same time, it would be intellectually dis honehonest n observe janet yellin's press conference> yes. her first press conference, i disagreed with the market interpretation. i don't think she meant six months and you called argue that. there is this deal like the taper tantrum, some is being taken off the table and some down 20, 25% from their highs, they've outperformed over the last years so hard to deny there isn't some profit taking going on. >> we will have the first quarter earnings out next week. do you think it will be relatively weak given growth and everything we've seen, is that one of the reasons behind the sell jo or is that a compounding effect once we start seeing the numbers come out? >> i disagree. we've known qe-1 would be certainly since the day of the sto storm. >> which one? >> it's been several months now we've known anything that's gone wrong in q-1 ill be blamed on the weather. and 2, 2 1/4 % up. we know it's not good. it would be difficult for me to argue the last four days worth of selling negates the fact we have known about this the last four or five

but i think janet yellin did unbelievably good thing in trying to get sam fisher to be vice chairmanis so respected in just about every country i have ever been to. i think he. that's a great example of not being able to hire somebody very smart and i respect people who are not afraid to hire people smart. >> sandy. i want to thank you so much for joining us today, for sticking around with us. we want ocongratulate you. we hope to see you again soon. >> thank you, absolutely. >> it was a lot of fun. coming up, more economic data that could shape the trading sessions, the first quarter advanced gdp released in a couple minutes. check out the futures ahead of those adp jobs numbers, "squawk box" returns right after this. . . >>> well, we just got the adp reports. up next, the first quarter gdp. we will have that in a few moments. right now, take a look at the dow futures down 16 points, nasdaq off five-and-a-half, s&p up less than one, "squawk box" will be right back. ll be right . there's a new way to buy a car. it's called truecar. and truecar users... save time and money. so when yo