jim stewart just got back from europe, he'll talk fashion and currencies. >> blackrock's cio of fixed on the fed what could be on tap after the market route and we'll see the rate hike. >> breaking news on consumer sentiment. rick? >> absolutely. our march final read remember the mid month read was 91.2. the final read that goes into the books, 93.0. how does that stack up? well it is the lightest university of michigan sentiment survey headline number since november which was 88.8. of course, to give you perfect granular context, the high water mark was the first month of the year january, and 98.1 back to january of 2004. so the last bit of data on the week, we see interest rates dipping down after supply and maybe quarter end and first couple year end in japan pressures. at moment ten-year notes up two basis points on the week. simon, kayla, sara, back to you. >> close, rick. david, kayla, sara. thanks for breaking that data. >> 2 out of 3 isn't bad. >> not bad, rick. volatile week for the markets. oil and mideast violence front and center. crude backing off a bit here in new york

joining us at post 9 to decipher what he's hearing, jim stewart. good to see you. "patient." she clearly read it. >> i got fascinated by the word amused and fascinating in saying taking out "patient," she said we're not going to be impatient. where does that leave them? i don't remember there being a middle ground there. i got interested because "patient" has taken on this significance and the markets are rising and falling on. i thought, wait a minute patient, wouldn't you always want a central banker to be patient as opposed to impatient. i spoke to linguists and it was fascinating that, yes, when the fed speaks they can take on these highly distinctive contempt actual meanings. take the word tall talking about a tall first grader you mean something very different than if you say a tall pro basketball player. the same thing when the fed uses it it takes on a distinctive meaning. we're back in the land of fed speak. bernanke said we're going to be clear, we don't want markets to be surprised. what do we have? nothing is clear, nothing is transparent, markets are g

jim stewart says the index of today bears little resemblance to what it looked like in 2000. when "squawk on the street" comes back. ♪ >>> despite the blowout jobs report markets are in the red as we've seen thus far this morning, this after the nasdaq hit the 5000 threshold this week. throws levels not last seen since march 200 when microsoft dominated and the ipod didn't exist, that is a reminder as well of the technology bubble and the bust that followed. but "new york times" school kolcolumnist argues this has to do with capitalism and fally valuations. everybody, you can't blame them looking back when we hit the 5,000 mark. >> briefly. >> but it is different now than that, isn't it? >> in many ways. some not obvious. i interviewed a nasdaq official saying when it hit bottom 2002 i never expected to see 5,000 in my lifetime and i didn't either. but the simple answer is the nasdaq today is not what the nasdaq was before. both the dow, the s&p 500 are far more static indexes. the nasdaq back then had over 4,000 companies. today that's dwindled to over 2,000. i looked at the

jim lebenthal is the president of lebenthal asset management, joe terranova is senior managing director at virtus investment partners jon and pete najarian co-founders of optionmonster, steve grasso of stewartoor of the new york stock exchange for us and jason brady with us today, the head of fixed income at thornburg investments. so much to talk about today. our game plan looks like this. euro crash, how low

jim lebenthal is the president of lebenthal asset management, joe terranova is senior managing director at virtus investment partners jon and pete najarian co-founders of optionmonster, steve grasso of stewartrankel on the floor of the new york stock exchange for us and jason brady with us today, the head of fixed income at thornburg investments. so much to talk about today. our game plan looks like this. euro crash, how low the currency might go and whether it will take stocks with it. bad timing, why apple's new watch left the top-ranked hardware analyst on the street underwhelmed and what all that means for the stock. we're also going to speak exclusively to robert chapman about his long position in lumber liquidators. we begin with the markets, stocks remain unsettled followed the biggest pullback since the beginning of the year. yes, we are in the green but it has been a struggle today. one reason for that unease, the steep and incredibly swift drop in the euro. joe, you know, what do you make of it? you look up and it's down a penny, day after day after day and it's unsettling a lot of markets in a lot of different places. >> what it's doing from an allocation standpoint shifting capi