, the founder of jim simons, the founder of renaissance right after the crash, he said his firms steppedfrom the markets. that's what happened this time around. this only happened for a minute, but the damage could be much deeper. and for all the people in the u.s., outside the u.s., this is a playbook. so be careful. >> exactly. a playbook, a good analogy there. >> we didn't even get to the issue of whether the s.e.c. will rethinking their ruling on allowing social media for material information, because that, i suspect, will become part of the conversation at some point in all of this. >> got to happen. we're in the final stretch of trading, about 35 minutes before the closing bell sounds. we've got a market up in the triple digits, up 139 points. >> delta air, us airways flying high after posting rare first quarter profits. when we come back, find out if these stocks can soar even higher. >>> also ahead, he's one of the federal reserve's biggest critics. but jim grant has his eyes on two stocks really benefiting from the fed's easy money policies. he's going to give us those names and

jim. >> simon hobbs here with a look at what's coming up in the next hour. >> good morning to you, carl.st share buyback in corporate history and for apple stock, we'll pitch a shareholder against an analyst and the ceo of broadcom will be here to talk about its results and can the banks grow? can the banks return their cost of capital. the former cfo of citigroup sally krawcheck will will be on in the second hour of "squawk on the street" this wednesday morning. ♪ [ male announcer ] a car that can actually see like a human, using stereoscopic cameras. ♪ and even stop itself if it has to. ♪ the technology may be hard to imagine. but why you would want it... is not. the 2014 e-class. it doesn't just see the future. it is the future. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [

simon. >> steve, stay with us, if you would. let's bring in jim donovan with pnc wealth management. orning, simon. >> steve is highlighting probably the most important takeaway from the month of april, i think, and that is the fact that despite the fact that we're four years into this, all of the major central banks around the world are going to be pumping cheap money, possibly more cheap money than we thought, certainly for far, far longer than we thought and even now, if you look at the latest data, inflows into bond funds appear to be now exceeding inflows into equity funds. is that what you're advising your clients to do? >> we wouldn't be adding a lot to the fixed income, but you're right, simon. we continue to be in this oxygen-rich environment of monetary accommodation, and likely according to steve's survey and we will probably agree we'll see that well into 2014. so it is somewhat of an artificial environment, but at some point the economy will be self-sustaining and we have not seen that yet. although the fed has been successful in raising prices. we have not been able to g

jim. i'm sean from burlington. >> hey, how are you? >> my question was what are your thoughts on diversifying real estate investment trusts and specifically spg real estate funds? >> i like simonroperty groups very much. i have to like them more, don wood the ceo was here earlier today. i think the best manager in the group. i like that group. it's a great hedge against inflation. they keep raising their dividends. good group, good to bring that group up. yes, sir. >> hi, this is vinod from new york. i want to ask you about freeport mcmoran, they made acquisitions last year oil and gas assets. what do you think of that acquisition and the stock now? >> i didn't like the acquisition, it's bouncing at 28 and 38 and change. i respect get under 4% at 30 is good. i didn't like the nonhanded acquisition. physical pure play of copper and gold, we don't have it anymore. sell. okay. more back to school at villanova coming up! [ cheers ] >>> coming up, making the grade, the back-to-school tour is in session. cramer isn't just conducting class. he's passing out report cards on a tech titan. will microsoft pass or fail? it's the professor's call. >>> and later, a wing and a prayer? mild,