those words from janet yellin. she near full strength, and the fed is on track for future right hikes. the do you followed the falling price of oil. and stocks rebounded on friday. a new power house airline on the west coast. it will be the fifth largest in the country. even though it won't be out until the end of 2017, tesla's model 3 that will sell for about $35,000 appears to be a big success before the car is even out. they have 325,000 reservations for the all electric car. this week, we're coming to you from the brand new head quarters. we introduced player and ceo casey crawford. heed this company with a simple google search. >> he was not drafted, and then he was cut. crawford started to flip homes when he was still playing football. he wanted to build a mortgage business, but he didn't know where to start. >> jump on google and start a company. >> just before the mortgage chri crisis hit. now it is an $8 billion business. >> up next, on charlotte is the second fastest growing city in the united states and

but fed chairman janet yellin and others may signal they're determined to raise rates this year. >>> meanwhile, watch shares of apple today. they're down 7% after the company reported the first quarterly sales decline in more than a decade. apple posted the first ever drop in iphone sales as it face the ever saturated global market for smartphones. >>> and potential big deal news this morning. the "wall street journal" reports that comcast is in talks to buy dreamworks animation for $3 billion. they're behind the hits like "shrek" and "how to train your dragon." comcast has enjoyed success with despicable me and minions. >>> let's turn to a monster storm system in the midsection. more than 23 million people are at risk for severe weather today. in wichita, kansas, there was scattered rain and military planes were relocated as a precaution. a passing thunderstorm produced one to two inch sized hail at kansas city's airport. rain came down in sheets near st. louis causing flooding. more than 25,000 customers lost power in the region. and in oklahoma, a powerful storm uprooted trees and

we saw what janet yellin. . >> a huge influence. that should not be discounted. she has a huge influence on what investors are thinking in part, because they want to keep all this going. they want to keep the party going another day. in that they are able to access debt cheaply. and by doing so they can borrow money, take out the competition. that helps drive overall stock market valuations higher and keep this in mind. they know that there is nowhere else to go. where he will are you going to put your money in this environment? you can't go out and invest in treasury bonds. you can't go put your money in the local cd at the local bank because you won't make anything there. so people really have nowhere else to go other than the stock market. >> but the message she is senting about the fundamentals of the economy. this go slow approach. the cautious approach on rates. that's essentially stirring up or creating a froth in the market? >> i like to do it. this is serious stuff. have your cake and eat it too, right? the we'll watch the fundamentals. we would really l

i think you have 30 senators vote against your confirmation which is the highest ever and then janet yellin had roughly 30 people vote against you. has the fed become more politicized? >> i sit here next to paul rocher and the fed has always had political pressures of various kinds. the fed is trying to do the right thing. sometimes the right thing is not what everybody agrees on. so yes, i understand why there is political pressure out there. people are unhappy with the economy and unhappy with the economy a few years ago. i think all the fed can do is try to do the right thing for the economy and hope that a better economy will make people more open and also to be as transparent as possible. i felt one of the important goals, we talked about communication has many purposes including clarity to the market and the like, but one of the purposes is to explain why you are doing what you are doing and hope that people who are paying careful attention will understand and appreciate the decisions you take and why you are taking them. >> when i was reappointed i had a perfect situation. twelve rig

despite what janet yellin did earlier this week. >> the market could get shaken if you see signs of strengththe american economy. it would mean higher rates and borrowing costs. >> i always say people look at these numbers and see what they want to see. republicans will look at the numbers and say people who have been moved out of the labor market and say this isn't good enough. the under employment rate is 10%. that's true. all the numbers have been getting better. we need to see wage growth better, concerns about manufacturing job growth but this is a solid performance in the american labor market. for people -- look at this. look back to 2009, this is the monthly average. the past few years, we have added 11 million jobs since president obama took office. it's not his fault, or his credit. it is just the trajectory has been. >> that's the way it is. christine romans you always make it make such perfect sense. >> thank you. have a nice weekend. >> you too. >>> if you were to hear one of your children say when somebody screws you, screw them back in spades. go for the jugular so people watc

i know this is a concern for janet yellin, but in terms of the broader european economy, it would be an event to have negative ramifications? >> can i be fully honest with you? >> please. >> i think in europe it's a major event. it's an opportunity for construction. if you look at the first reaction of what is going on there, they are creating a -- before we were all fighting within each other. i think -- at least i would say europe has brought peace. we don't think about fighting between the french and german, thanks to this peace we have created this is what we said at the beginning of the session. europe is not to blame for the poor economic situation in europe. we need to change the way we are leading europe. i think this position from the u.k. could be huge for europe to rethink -- less bureaucratic. >> i look as many brits did, the concessions mr. cameron got from europe and we were a little non-plexed by the way europe is changing. >> i think they are important. if we think we would have had more concessions and flexibility as a member of europe and stayed in, i mean, it would

janet yellin in a rare appearance with fareed zakaria and three former fed chiefs, a rare gathering,he u.s. economy strong. this is an economy on a solid course, she says, not a bubble economy. pamela? >> christine romans, thank you very much for that. i'm pamela brown in washington. i'll see you back here at 7:00 eastern. "smerconish" starts right now. ♪ >>> i'm michael smerconish.

rates need to rise or a more hawkish fed, and looking at the evidence out there, and janet yellin putut a checklist, and one of sthem a strong china, and right now, the concern is that china is going too strong, because there is fundamental pull from coal, iron ore, steel, and everything, and so they will have to reduce the stimulus. >> and wait a minute, china is going too strong. >> well, dealing with the debt again? >> well, they are going to turn it down, but in terms of thinking of the macro backdrop for the fed to raise the rates a stronger china is one of the boxes that needed to be checked. >> and look, a lot of people are not will ting to check that box. if they said weaker, yes, but stronger, i don't know about that. >> and the commodities and the freight rates and the ships g g going in there and the stimulus was enormous in terms of the thinking of the increase in credit. >> and so why can't china also be a beneficiary on oil and your oil call and why would you not get more bullish if you think in the third quarter things are going to be better. >> actually, that is a good

>> jeff, the -- president has met periodically over the last couple of years with fed chair janet yellin. that's not something they do regularly and the one they had was in late 2014 and it's been more than a year since they had a one-on-one meeting and chair yellin did have with financial coordinators in the government and the fed plays a regulatory role and she participated in the meeting. the goal is to discuss the current trajectory of the u.s. economy and also the global economy and i'm confident there will be regulatory issues, as well and the president has talked quite a bit about the top domestic priority is expanding economic opportunity for the middle class and obviously, pursuing that policy priority involves having a broad understanding of current, economic conditions. obviously, chair yellen has spent a lot of times making her own independent policy decisions and it's an opportunity for them in some ways to trade notes on something that they're both looking at quite carefully even if the fed chair will continue to make the kinds of independent decidings thatty woo believe is

federal reserve chair janet yellin says economic activity appeared to have slowed despite gains in theket. the decision was announced following a two day meeting this week. >>> still ahead unique way a local father is looking for a kidney donor. >>> snap chatties growing in popularity but now messaging app could be in legal trouble, why it is being sued, coming up. >>> pat? >>> jim, and brooke, it the is 121st competition of the penn relays here at franklin field, i'm getting ready, why don't you join me when we come back because we will talk to steve dolan the director of track and field, and see if my form is all right. ready, let's go, wow. >>> not speaking about pat. >> we're just trying to make it to friday, stay with us, we will be right back. >>> well, welcome back. snap chat, text and image sharing services is facing legal trouble. app is blame for contributing to a crash. >> yeah, correspondent brooke silva-braga reports it is around a filter that shows how fast a person is going. >> reporter: this image showing crystal magee bleeding from her fur had with the caption lucky to

janet yellin in a rare appearance with fareed zakaria and three former fed chiefs, a rare gathering, she calls the u.s. economy strong. this is an economy on a solid course, she says, not a bubble economy. pamela? >> christine romans, thank you very much for that. i'm pamela brown in washington. i'll see you back here at 7:00 eastern. "smerconish" starts right now. ♪ >>> i'm michael smerconish. just 100 days, that's all that's left between now and the republican convention in cleveland. and a week later the democrats gather in philadelphia. and still, nobody knows what's going to happen. but we are here to try. where do all the disaffected voters go who have been rallying to trump and sanders if their candidates don't get nominated this summer? and why are many college students who support donald trump literally afraid to show their faces? plus, how one trump supporter's unhappiness with the system led to new voting rules in new york that could undermine trump's chances there. but first, this weekend, colorado republicans are caucusing. by last night ted cruz already had taken the ma

. >> and actually, janet yellin is responsible for the shifts. >> and now, the tech -- >> but still fundamentalhanges. >> but they are not, because you have the policy issues in china actually getting worse, because they are putting off the inevitable, and so you have traded the short term gains in stimulus. >> and i am not believing that. >> and this is one thing that is clear -- >> and forget the central banks and all of that, because you need the fiscal stimulus. >> and now, the hedge fund, and not one that i am invested in that does not have a 30-day know fis for the selling or the liquidating, and most have 60, and 90 like gates, and ackman, a year and a half, and versus the mutual funds. >> and it is the end of the month -- >> quarterly. >> quarterly. >> okay. it is not until the end of june versus the mutual funds that are for the mutual funds, because it is daily liquidity, and so it is not a hedge fund force >> and you have ten hedge funds worth $6 billion a piece going out of business, somebody is selling. >> well, they are not going out of business. >> well, yes, they are shutting th

we found a bid, talked about janet yellin.nemployment rate ticked up friday, concern for the stock market. people would rather own bonds. and when you look at the trend, to smooth out the returns. people look at bonds. too many flat rates in the world, japan, germany. people want to come in and buy a ten-year. any rise in rates, i want a buyer of treasuries. . when it comes to the yields, what are the levels you're watching on the ten-year note and do you agree with brian's view here? >> jackie, when you look at the stock market, and the ten-year, we both saw these -- both rally since qe 1 started. the yield go lower, the stock market rally. so you know, having that happen at the same time isn't out of the norm. right now, 1.63 was set as a low on february 8th. and not wanting to mimic ryan, negative rates around the world, i imagine in the next eight weeks until the next fed watch which would start june 1st with that meeting june 15th, that will take a shot for those lows. >> all right. we'll be watching closely. head to the

what janet yellin has in store for the statement and how to trade it ahead of tomorrow. >>> and alsoll ahead on the show, phil knight live here at the new york stock exchange on a story business career, the company he founded and what is next for nike. we'll be right back. >>> it is day one of a two-day fed meeting. our senior economics report eer steve liesman is back at hq with what investors are expecting. >> interesting results from our survey. 48 people responded. economists, strategists, fund managers. look at their outlook for stocks, there's two big stories in this chart. the first is as you can see here the january swoon, that violent selloff thought we'd have a recession and what you see in the last two surveys we very much recovered the outlook from december from the january downturn right there. so back where we thought we were from the december survey. the other thing is the sense right now that we're fairly fully priced on the s&p at least for this year for 2016. just looking for like another 1% for the rest of the year. and all the hopes and dreams of the market are no

janet yellin keeps telling people this is a plus for the economy that oil prices go down. try telling that to people in texas and oklahoma. in fact, what we found is that when the oil prices go down, consumers don't spend all the money that they save on gasoline. and at the same time you get the big cutbacks here in the united states in energy exploration. >> i'm hearing that the entire developed world is dependent on commodities that when commodities are weak, they have financial problems, they can't buy as much, we can't export to the entire globe when economies are unable to participate in the global economy. that sounds like a -- i guess there is some truth to that. >> most of the economies are economy importers. so we would disagree with that. >> so then what is the problem with cheaper oil? why do we keep hoping oil goes back up for our economy and stock market? >> well, i would sort of disagree that cheaper oil is such a big problem. i think it's a big problem for the oil patch and for some companies that are very dependent on oil prices as part of their output. but