you're in the unconstrained janus global bond fund.onstrained is great word because you can basically go anywhere. where do you see the most yield the second half of 2016? >> i think that's a good bet, janus unconstrained, that is good bet for 4 to 5% return with relatively low volatility m this market, which interest rates almost zero, some cases negative it is pays to borrow as opposed to lend. so how does average investor do that? you can buy a company such as amalie capital. that is mortgage reit. they invest in agency mortgages, relativelyiriesless. six times lever verdict which is not riskless. they yelled 11 1/2%. symbol, roi. invest in company that borrows instead of investing in low interest rates. liz, bill we have 15 second es left, we hear through the grapevine, pimco, your old symptomming grounds is looking for new ceo. your fund is outpacing them despite you left not in the nicest of circumstance. >> that is surprise to me. they are down the street. [closing bell rings] i don't have lunch with any of them. that would be s

bae systems. >>> a mixed quarter for janus capital. dividend by two pennies a share. let's dig in more with the ceo of janus here for a cnbc exclusive. thank you very much for joining us. part of the revenue issue in the first quarter was assets under management fell. we have seen it with firms like yourself because of the chaos of the first quarter. are you seeing aum, assets under management come back? seeing resurgence with the market? >> yes. our assets ended the quarter close to where they started the quarter. we saw a really volatile and unpleasant first half. or first two-thirds of the quarter and a strong v-shaped recovery with the rest of the markets. the average assets were down which affects revenue, profits and earnings per share. we ended the quarter close to where we started. >> okay. what does it mean for earnings this quarter? you won't give us a number. but do you think some of the issues in the first quarter aren't going to be seen the next quarter? >> i should have known you were coming with hard questions because yo

. >> reporter: the burglary happened at this they can home on janus way just after 3:30 early friday morning. >> apparently they drove down the street this way, stopped over there. the first suspect got out of the vehicle and went down the side of the cyclone fence. that is where the surveillance camera caught his face. >> reporter: the suspect had no clue he was being filmed but he was. his face captured in high definition. mercer says well that man was gathering the tools in the garage, his partners prepare to get away. >> the vehicle then today to -- a u-turn and backed up and hooked up to my trailer as they were obviously stealing the tools and putting him in the trailer. then they drove off east down the street. after a total of 10 minutes they cleared out. >> reporter: mercer has filed a police report and hope someone out there recognizes the burglar on camera. >> we have been here two months now and there's been at least three burglary since he started working here. >> reporter: an alarming trend even to someone who sells alarms. >> when i go to a neighborhood that has been br

as we had to break, a quick reminder that bill gross of janus capital will be joining bloomberg, speakingmckee at 3:30 p.m. eastern. you don't want to miss that -- 3:00 p.m. eastern. you don't want to miss that. ♪ scarlet: this is a bloomberg special report, "the fed decides " on bloomberg television and radio. the fed is leaving interest rate unchanged, and also dropping some language in reference to overseas developments. we will rejoin our guest, former fed governor rick mishkin, professor at columbia university, where he joins us now. professor, there is argument over whether this that announcement was more dovish or more hawkish. either way, it sets the stage for the bank of japan tonight. isyou believe the fed passing the baton to the boj to make a big splash tonight in this era of implicit coordination between central banks? prof. mishkin: i don't know if that's the case. my experience is, if the federal reserve makes the decision based on what is right for the u.s. and basically thinks that central banks in other countries should make decisions on what is right for them -- i don't

she pleaded guilty in janu >>y in her 6-year-olddaughter's fatal overdose. lacy ingesting a deadly mix of drugs. she died at the hospital. ma. prosecutors had pushed for prison time, but h pler lawyer pushed for probation saying her cl, ient would be better off receiving medical treatment without prison. calling it a complicated situation. right now, lacy's dad is here in court. it's not clear if he'll speak. we'll be here and continue to follow this story. for now, live in white plains, news4 new york. >>> equal pay is a hot topic this afternoon. in fact, it is national equal payday. april 12th symbolizes how far into the year women must work to earn what men earned in the previous year. if you live in manhattan, brooklyn or queens, you may see this in your mailbox. they're sending mailers. nypd officers used to be among the highest paid in the country back when the force was mostly white. now that the force is more diverse, the pba says that's not mayor jue blasio to addre what they say is up fair pay for officers. aen mayor's office spokesperson says our

it wouldn't growth of janus capital will be with us just after the jobs report.oomberg surveillance." francine: i'm frank and the plot in london. tom keene is in new york. vonnie: china factory gauge showed improving conditions. sayshinese government seasonal volatility is one way for the rebound. starwood hotels has come to an end. the bid for starwood hotels has come to an end. anbang decided not to go through with the deal because of various market conditions. tech line motors is making a bid for the mass market. it has unveiled its model three. it is a $45,000 car. fans placed0,000 orders. francine? francine: elon musk trying to give a mass-market car that focuses on electrics. you see a country that is taken by these shifts, but also with the market price of oil. willem buiter is still there. talking about the last eight months of the trial interrelations of this economy the need to restructure. is this the right way to diversify. the mega fund itself is not the way to diversify in terms of domestic production, right? you increase the size of the national sa

report.the jobs more reaction from the janus capital next. >> this is "bloomberg go." we continue our coverage of the payrolls report. in 215,000. a beat on the headline number. unemployment little bit higher to 5%. want to cross over to tom januswho is speaking to capital bill gross. >> we continue with william capital.janus let's talk bonds now. earlier with call of global slow down. wea ad the same idea of a weaker global economy lower prices.gher bond you got terrific performance in bond.nconstrained that's old news. give me the new news for the second quarter and into this year. how will you position given down? slow >> i think you have to position for rather static monetary policy. havedoesn't mean we don't one hike or so in 2016. you position with policy and what does that get you. ten it get you 1.8% on a year treasury for the next 12 months? that's not very much. i think rather than buying bonds, certainly you don't want bonds yieldn negative rates all the way up to years. volatility, you sell around the yield in order to what i perceive a rather gradual inter

janus capital says earnings fell as it took a toll on its assets under management.d companies posting falling profits after stop arc it losses in january and early february. shares of bg tea rising after brazil revoked a house arrest. holed up in his home since his release from a prison in rio de janeiro in december. he was arrested on charges of obstructing a federal investigation at her breasts. and that is your business flash update. scarlet: julie hyman has been checking a couple of movers, in retail section in particular. in thea big move today container store after shares matching analysts estimates, it sales are comparable fueling the increase we see in the shares. aalysts have been looking for decline of 3.6% and we should mention the advance we are seeing today is on the back of down performance, down nearly 70%, including the gains we are seeing today. last year was sort of an investment phase and it may be moving into the next phase at this time. ethan allen is at an eight and a half year high after its earnings beat estimates of 8%. goodeo says we're mak

janus capital group says first quarter earnings fell 21% as market volatility took a toll on assets.he new york times planning to streamline its international operations and will cut 70 jobs. the newspaper will relocate some editing and production operations in paris to locations in hong kong and new york. david: a big reward for giovanni -- chobani's and please, a stake in the company. -- employees, a stake in the coming. flashs your business update. was ayanis varoufakis central figure in last year's debt crisis and his government wrangled with european leaders over rescue plans for athens. ultimately, he voted against the terms of the third bailout package for greece and then quit. with yanist down varoufakis and started by asking him about life after office. i. varoufakis: the reason why am no longer minister is because i would not sign another loan agreement that would give us another extended loan on conditions of increasing corporate tax rates, increasing rates in an economy where there is no credit. heart aches in my mind constantly is trying to come up with answers to the qu

interest rates unchanged despite highlighting labor market improvement and thoughlobal risks, growth of janus capital joins us next with his reaction. -- bank of japan pushes their interest rates deeper into the red. what to expect overnight. the outgoing ceo drugmaker facing the senate today over the pricing practices introduces testimony live. we are one hour from the close of trading. julie hyman is standing by to get reaction from the fed statement about an hour ago. julie: generally being read as hawkish in terms of june now be on the table in terms of a potential interest-rate increase. stocks are holding up well in the face of that interpretation. we have seen them gyrate in the wake of the state. the dow remains the best performer of the major averages. the nasdaq remains in the red because earnings are very much a part of the equation today. the s&p 500 over the last hour or so. you see some gyrations here. immediately after we got statements, stocks came back down again and are now back up again. all over the map. i want to look at other assets and see how they have reacted. the u.s

bill gross from janus. hand it over to the david and melissa. melissa: the dow climbing back above 18,000. "time" melissa francis. david: i'm david asman, this is "after the bell." at this hour, ted cruz says he will make a major announcement any moment in indianapolis, indiana. next week there is a big primary there. sources telling fox news, cruz will announce carly fiorina as his running mate if he gets the gop nomination. we'll bring it to you as soon as he takes the stage. >>> facebook out with first quarter results in just minutes. other big tech names have been big disappointments this quarter including apple yesterday. well, facebook bucked the trend. we'll bring you the numbers. melissa: ted cruz is set to make his major announcement any moment now. let's go to straight to fox business's jeff flock is in in indianapolis with the latest. jeff? >> i'm here at a trump event. i can't wait to hear what donald trump has to say about this when he gets here in two hour's time. already tweeted out actually, a video of carly fiorina during the ca

know about apple and chi poeltly and jack boggle are will be with us as well as ceo exclusives with janustol-myers. >> and pete -- >> i just saw who was assigned and i'm defending you actually. >> why are you laughing? >> well, it is a food corresponde correspondent. yeah, well. go ahead. >> josh. >> can we like assign bald stocks to pete. >> that is not nice, is it? >> is there a publicly traded wig maker? >> well, that is why i like pfizer. >> rogaine for $1,100, alex? >> well, listen, it is minced, and candy, and if you want to inv invest in hershey, they have it. it is not a -- i don't know why we are talking about this, because it is a currently fluctuation, and maybe a few less mints were sold, and the stock is down a little bit. whatever. >> and joe, pxd? >> whatever? >> the only reason that stock is on the rundown is because i'm on the show. >> and when does dunkins report. >> lol, joey. >> and next. >> pxd is approaching the levels of when ira sohn talked about it being short, and earnings were solid. >> it is either the mother fraccer or the father fraccer and i don't remember w

matt sommer there from janus. >>> when we come back, the cia-back cia-backed fighting rogue traders inture, signac. the chief supervisory officer will join "squawk alley" later on. >>> money has been fleeing stocks and pouring into bonds. what is behind these billion-dollar moves? we'll tell you at tradingnation.cnbc.com. more "squawk on the street" coming up. >>> welcome back to "squawk on the street." i'm courtney reagan. markets are in negative territory, but utility stocks are holding up. about 0.5%. first energy, con edison, southern companies and nrg company all pushing utilities higher. the sector is often a defensive play in a volatile market. it is now the best-performing s&p sector to date, up more than 12%. karl, over to you. >> thank you very much, courtney reagan. >>> let's get to the cme this morning and check in with rick santelli and get "the santelli exchange." rick? >> thanks, karl. i'd like to welcome my guest, bill archer. bill, thank for taking the time this morning. >> well, rick, i'm always glad to be with you. >> well, thank you. you know, you've written about p

. >> and i noticed the last report that you made was janu y january 11th to this committee that was a year ago january - >> no what was included in your packet says at the bottom land use and transportation january 11th of 2016-2017. >> i'm sorry if there are of was a typo in the last presentation to the land use committee was the quarterly update was supervisor wiener mentioned january of this year. >> okay. >> so i apologize no problem that make sense i of these comparing the two and one of the questions i had was an excellent that report i actually differentiated between penalties assessed and penalties collected and in this report you show penties assessed but not penlites collected i was wondering how that number has changed. >> we've collected been one hundred and 60 of the penalties assessed there was just - >> so in terms of the penalties assessed have gone from the last report you assessed 4 hundred plus and collected one and 34 thousand now up to 6 hundred and 95 thousand and collected one and 60 thousand so in terms of penalties collected to date - we're over $160,000 20047

let's bring in christopher kelly, energy and utilities analyst with janus capital.ave you here. what are you recommending to investors right now? when it comes to the oil stocks considering they have had a pretty incredible run. >> well, i don't disagree with your guest. i think at the end of the day, most of the focus and most of the opportunities that we see is long-term fundamental investors is in the united states, and two of the names that we really like are anadarko petroleum and enterprise partners and they are two different companies and like them for two different companies and they are good and long two or three-year holdings as the u.s. proves itself as the swing supplier through the end of the decade. >> you think it will be two to three years before you make any money there. is that why? >> i don't think so. air price products, for example, they pay you a 6% dividend yield today and they grow that mid-single digits, and even if it did take two to three years, could you still make 6% on enterprise products, but our view is that the view of the u.s. being

. >> and i noticed the last report that you made was janu y january 11th to this committee that was a year ago january - >> no what was included in your packet says at the bottom land use and transportation january 11th of 2016-2017. >> i'm sorry if there are of was a typo in the last presentation to the land use committee was the quarterly update was supervisor wiener mentioned january of this year. >> okay. >> so i apologize no problem that make sense i of these comparing the two and one of the questions i had was an excellent that report i actually differentiated between penalties assessed and penalties collected and in this report you show penalties assessed but not penlites collected i was wondering how that number has changed. >> we've collected been one hundred and 60 of the penalties assessed there was just - >> so in terms of the penalties assessed have gone from the last report you assessed 4 hundred plus and collected one and 34 thousand now up to 6 hundred and 95 thousand and collected one and 60 thousand so in terms of penalties collected to date - we're over $160,000 200

but part of what i wanted to -- what i want to point out is the kindover -- let's say janus-faced naturethe other kind he engage in the very rhetoric. >> that's bill clinton. >> and what i want to say. let's be very clear. not only did the great recession of 2008 wipe out almost all the gangs in the african-american community of the 1990s, it might have also shattered the illusions of the 1990s as well. so bill clinton might not get the pass he's gotten before. >> jon meacham, you want to chime in before we go to break. >> well, i think this is in political terms this is also hugely important because remember one of the pillars on which the democratic revival of the 1990s was built was being tough on crime and moving beyond what was portrayed as the great society excesses of the late '60s and '70s so there's an entire political generation that to some extent was built on the argument that was unfolding yet again last week in the democratic primary. >> jon, you and i saw this in the south. democratic governors would get elected and they would be tough on crime, just to be blunt. i was com

. >> and i noticed the last report that you made was janu y january 11th to this committee that was a year ago january - >> no what was included in your packet says at the bottom land use and transportation january 11th of 2016-2017. >> i'm sorry if there are of was a typo in the last presentation to the land use committee was the quarterly update was supervisor wiener mentioned january of this year. >> okay. >> so i apologize no problem that make sense i of these comparing the two and one of the questions i had was an excellent that report i actually differentiated between penalties assessed and penalties collected and in this report you show penalties assessed but not penlites collected i was wondering how that number has changed. >> we've collected been one hundred and 60 of the penalties assessed there was just - >> so in terms of the penalties assessed have gone from the last report you assessed 4 hundred plus and collected one and 34 thousand now up to 6 hundred and 95 thousand and collected one and 60 thousand so in terms of penalties collected to date - we're over $160,000 200