. >> reporter: good morning, janet yellin said fed will not raise interest rates this month. it is certainly possible a rate hike will happen this year. fed has lowered rates to near zero during the financial crisis in 2008 to help stimulate the economy. fed wants to wait until the economy is back at full strength before they bring those rates backup, erika and nicole. >>> we're talking chick-fil-a lets switch to mcdonald's here. >> exactly. >> making big changes to turnaround those slumping sales. what are they up to right now. >> reporter: from soup your size to shrinking down. mcdonald's will get smaller. they are a announcing for the first time in 40 years it will close more restaurants then it opens this year. up scale fast foot chains like panera a and five guys burgers have eat men to mcdonald's's a profit in recent year. we'll if fewer stores make a difference. >> increase in demand harder to get to. >> five guys sound good. >> clearly we're hungry this morning. >> thank you. >> i always am, i am with you. >>> coming up, after the break weather and traffic on the let'

. >> and you are pretty much in concert with what janet yellin is saying about the interest rate? >> i think broadly. i think that there is no reason to raise rates until we see the whites of inflation's eyes. and i haven't seen that yet. but it could happen sometime before long. but if we were to raise rates prematurely, and the economy were to slow substantially we really wouldn't have much ammunition to combat it. and that's why i think the risks of an error on the slow downside are much greater than the risks of an error on the inflation side because when you're starting at 1% inflation, even if you get an inflation acceleration t only takes to you 2% inflation which is your target. and so that's why i would be very cautious and careful about raising rates. but it's something that will come at some point. >> rose: probably -- thank you, pleasure to you have. >> thank you. >> rose: larry summers, back in a moment. stay with us. michael wolff is here. he is an author and journalist. "forbes" magazine says he has made a career out of biting the hand that feeds him and taking on m

we said the only person who knows if we will do it is fed chair janet yellin. steve?to go inside the mind than the car of a person. we will look at the behind the wheel view at the rate hike dashboard. where were we going in? they are right here with the odds on that we are going tighten sometime this year. then what happened? we have weak first quarter data. then earlier this week on monday, we got soft core readings on inflation. it came back even further and then the week went on. and a sense of more rebounds and good manufacturing and service report and construction claims. they start to go the other way and the big question you are asking, how does today's jobs data figure in? we had strong jobs. 280 on payroll. i think we are pretty much back to where we started with an odds on september rate hike here. the economy in the last couple of hours, he thought a rate hike was appropriate if the economy turns around. >> in the last hour they had certain concerned about the job. all these negatives you can find. when i went through the report it seemed positive. job gai

so that is a positive and one of janet yellin's favorite indicators.eople can't find qualified job skilled workers, that is probably part of the problem. the fed state dependent. the last piece of data was very good. we are vacillating back and forth. the amazing thing is we are already to june. we are talking about a june rate hike. maria: the first of the year is over. >> it wasn't rate and they weren't able to move the ball forward in terms of moving up the rate hike at all. now they look of september. dagen: bill can disagree or not. please see you not. we see with a report about small business owners place in victims to mark and why you see weakness in retail. you see a change in the way people view their own money and committing to decisions by the retiring, whether it's going to make a larger purchases because the world changed in 2008. people lost their homes and they are not willing to step up and commit. maria: is that what this is about, legacy issues from 2008? we talked about regulation in the past as well. >> from the small business activ

interest rates are up because janet yellin is pushing them appeared part-time jobs are being creatednot all milk and honey out there. the turning point excites investors feared the moment when a glimmer of hope emerges from the sea of doubt, maybe things are beginning to look up a little. if investors believe that bonds down, stocks up. ♪♪ stuart: with a british accent, always look on the bright side of life. it is a beautiful late spring day in new york city. i am looking on the bright side because i'm looking at that the big board. that is a 200-point rally ladies and gentlemen. stand up and cheer. back to 18,000 parent look at the price of oil. a big draw down in the stock pile of oil down 6.8 early in carroll's. the price goes up a bucket 61. let's get back to what i call a moderately rosy take on the economy. imc in some signs of life. let's see if charles payne will stamp all over it and say i'm being way too optimistic. >> listen, there are signs there is no doubt. here's the thing. we got accustomed to the mediocre recovery batteries to have a skepticism. here is what i'm see

it is jobs day, and it has changed after christine lagarde tells jalan yellin -- tells janet yellen tod he gets worse -- chinese hackers have 4 million americans' personal information. this is "bloomberg surveillance ," live from our world headquarters in new york. it is jobs day. i'm tom keene. joining me are vonnie quinn and brendan greeley. can you explain to me about vladimir putin intruding into the greece debate? brendan: i do not think he is intruding. i think he is willing to offer a bargaining chip to alexis tsipras. alexis tsipras has been trying to show europe for the last four months that he has an alternative. vladimir putin is an alternative. there is no other reason for him to be doing it. this is all hard ball. tom: what has changed in germany this week with the madness of this back-and-forth? brendan: merkel is trying to get a deal, but we used to think that greece was synonymous with the european economy. that is no longer true. you have great manufacturing data, great estimates out this morning. europe is going to be fine. this is a sideshow. tom: brendan greeley on