i'm andrew ross sorkin along with joe kernen and michelle caruso-cabrera. becky is on her way to omaha for this weekend's berkshire hathaway meeting. i'll joiner out there so ath. the ecb holding a policy setting me meeting. expected to resist calls to restart it bond buying ram. we'll have a live report from europe. and back in the u.s., weekly jobless claims top the economic economiceconomic calend calendar. also today, will is data on q1 productivity and ism nonmanufacturing. the nation's retailers also will start reporting april sales. dos compan costco says comps rose by 4%. that was below estimates, though. and china and u.s. are holding an annual talk in beijing. among the headlines, tim geithner repeating calls for a stronger yuan. we'll have a live report from beijing in about 20 minutes. >>> and today's top corporate headline, carlisle raising a less than impressive $671 million. pricing at $22 per share, below its expected range. kayla tausche broke that story yesterday. oracle a bitter lawsuit over a micro processor. a judge refused to resolve t

i'm joe kernen along with michelle caruso-cabrera.an is here. >> not talking, though. >> andrew and becky are off somewhere again. not together, might be together, but they're so assignment. can't talk about it. futures were up, then down, now up. so i do think in it this sort of environment, we do wait it for -- even though the claims number comes out every week, people are interested. we'll see whether we get much movement before it comes out because it is a big economic data day. >> what's the number for claims, 55, 57? >> is that it? >> that and he pretty much it today. philly fed at 10:00. >> what's the lei going to be? >> i didn't look it up. good you're ready to talk constantly but you don't have the lei. >> i'm not ready to talk constantly. ann said go. >> but will there's michelle and john. >> about i weren't interrup if joining us, michelle and john here now, michelle, i have no idea what to ask you. >> you're thrown off. >> let's talk about the economy. last thing i saw, economy mi mistists were marking down q 1rks but taki

i'm becky quick along with joe kernen and andrew ross sorkin. let's get you up to speed. it is likely it to be an interesting week for newly issued shares of facebook. the stock could have a tough time if morgan stanley stops supporting the stock. the firm stepped in with support after the stock fell toward its $38 ipo price. and managers could decide to get out before going under water. and managing ceo scissors the exchange is humbly embarrassed by its bungling of its debut but he said there's no indication the nasdaq delay contributed to the underwhelming performance. nasdaq's board set on saturday. the sec is investigating. greifeld spoke with maria bartiromo last night and she'll be joining us. and yahoo! is selling part of its stake it in ali baba. the cash infusion could appease shareholders looking for dividends, acquisitions or share repurchases. >> and now to the other morning deal news. biggest u.s. operator of dialysis clinics buying health care partners for $4.4 billion in class and talk. also this morning, a chinese conglomerate buying amc entertainment hold

i'm joe kernen along with becky quick.'ve always going to be here at 8. >> he's upstairs. >> was he that negative? >> it was weird. he said things have been going along well, how do we know there's not going to be a disaster this weekend. i asked you if spreads were blowing out or the ten year -- if the ten year breaks under one point i figure there's something going on. >> we have a nice three-day weekend ahead. >> maybe he's looking at the futures but they've been positive. came down a little bit. still up 14 points sore so as far as fair value goes. >> in our headlines today, it has been one week sense facebook went public. after the botched offering, morgan stanley says it will adjust thousands of trades. the form pr-- firm promises ord to sell will be filled by no more than $44 a share. and claims against nasdaq over this are expected to embassy seed that amount. the, chang is facing lawsuits from investors and threats of legal action from brokers. >> i did see -- i noticed that they say $42.99. unfortunately it was a

i'm joe kernen along with becky quick and andrew ross sorkin.k to "squawk box." i'm joe kernen along with becky quick and andrew ross sorkin. the first day of the rest of andrew's life after reading road to freedom. >> is arthur brooks going to come on the show? >> i want to make him a con contributor. you got arthur and then you got -- well, i won't go into it. but at a network and all of our sister networks, we have a lot of work to do to try and maybe just make things, you know, kind of objective. fair and balanced, right? we have some work to do. >> but it would be boring. >> me and you? >> i disagree with everything you both say any way. >> what about this? top stories before facebook options will begin trading. targeting the underwriters as shares fell below the ipo price. francis gaskins is with us. i said this beforehand, when it's all said and done in hindsight, we'll have all the answers. and it always happens that way, doesn't it? i look back now and i think we should have seen -- we did talk about a lot of the issue, the 25% increase

also, how does it, you know, affect me joe kernen.he common stock buyback will be accelerated by the parent company. ge will accelerate its -- >> it's being flowed back up to the parent company for their cashing. >> exactly. in 2012 subject to the gecc board, there will be a special dividend of $4.5 billion paid to the patient in 2012. >> so this isn't just all about you but it's all about me as well. >> yeah, it is. >> does this mean the stock might move higher? >> no, no. >> just a little? >> the bid is up a nickel versus where it closed at $18.40 but it's more than a commentary it's 2012 now. it's not 2009. and that's when this historic dev dend was suspended during the financial crisis. >> now to the markets. scott of bradford capital management. i always want to say shaladi. how are you? >> we've been having a lot of discussions this morning about the response and the equity markets and the commodities markets as to what's happening worldwide with the global economy. are the numbers -- a lot of o people have said, wow, the market

i'm becky quick along with joe kernen and andrew ross sorkin. let's get you up to speed this morning. pretty rough start to the week for facebook. those shares falling 11% on the second day of trading. among the headlines on the company, word that morgan stanley's consumer internet analyst reduced revenue forecast for the company it in the run up to the ipo. more began of course t morgan of course the lead underwriter. investors say moves like there are highly unusual, but it does prove one thing, there a separation of church and state there. there's a chinese wall between the two sides. also amid questions about how it handled the facebook ipo, nasdaq will hold its annual shareholder meeting today. the exchange plans to set aside $13 million to resolve bad trades. the bringiigger potential cost come to damage done to its reputation and lost ipo business as a result. a couple of events to keep an eye on. best buy reporting quarterly results just before the market opens. and at 10ing: in:00 eastern, ap existing home sales. >> other corporate head

i'm joe kernen along with andrew ross sorkin.utes live from omaha, covering the berkshire hathaway. you can't pick a 4-to-1, right? it's too boring. >> remember mark -- >> he never -- he on got it right once. >> i got last year's right. >> did you? >> i don't know who to pick this year. >> 4-to-1 is okay? >> no. >> you want the 50 motor vehicle 1. >> that's why they cool it a dark horse. >> giving your money away. >> no, i'm not going to bet! >> this is like his third -- >> do you bet on the employment number? >> no. >> we are counting down to the employment report. liesman probably does bet on it. >> that would be like pete rose betting on baseball. >> i don't bet on it. >> 168,000 nonfarm jobs were added last month. that's what the consensus is. the unemployment rate is seen holding steady at 8.2%. i think that goes down, steve. >> unemployment rate? depends what happens to anticipation. >> oh, you're in the conspiracy camp. >> u.s. equity futz down by 10 points. it's not going up. >> not allowed to. >> no! no! that guy will ge

i'm joe kernen along with becky quick and andrew ross sorkin. making headlines, facebook.nies it will discussing a full listing transfer. >> just a partial one. >> people go to the nasdaq and they said that's the way the old firms go on the big board. it's like the hoodie firm. >> the t-shirt. and the rest is history. >> shareholders are suing. a tie could have made the whole thing different. nasdaq facing litigation from angry investors. knight capital, you saw this guy on right after we talked about it all damon. capital announcing a pretax loss of $30 million to $35 million on the botched nasdaq debut for facebook. the electronic trader is demanding that the exchange compensate it for that amount. knight ceo told "squawk on the street" that losses were forthcoming as a result of the trading issues. plus facebook coo sheryl sandberg speaking at a harvard business school yesterday. >> i wish for you four things. first, that you keep in touch via facebook. this is critical that your future success. and we're public now, so can you click on an ad or two while you're there?

i'm joe kernen along with becky quick and andrew ross sorkin.n suffering a trading loss of at least $2 billion from a failed hedging to prevent loss. steve sedgwick joins us from outside the bank's offices in london. and you're on the lockout for a great big fat guy, right, to see whether -- london whale in case he shows up today, right? >> someone what i wilwhale-like. we're looking for a big french whale. yeah, the fact is apparently this chief investment office, and i think this is the krubs of t crux of the questioning, it's about hedging. focusing on the managing the long term structural assets and liabilities of the firm. it is not used for short term profits. a lot of people on our questioning whether the cio is a mark for some form of proprietary activity. why it was someone who is involved in hedge willing activities paid, wait for it, 100 million u.s. dollars. i've traded in these markets and i know a lot of people who trade in the markets. if oor just involved this risk asset, are you you really paid that kind of money as well. so the

i'm joe kernen, with andrew ross sorkin and becky quick is with warren buffett. >> what are you doingw the sneakers a little bit later? we'll have to. >> global pressures after elections in france and greece this weekend. in greece the two main parties failed to win enough votes to form a coalition. and in france, francois hollande winning the presidency over sarkozy. european equities slumped to nearly five-month lows. the major asian markets also trading lower overnight on european elections in weaker than expected jobs data that we got back on friday. the dow would open 75 lower, the dow down and the s&p downtown 8. i'm still wearing my sneakers. it doesn't look good with a suit, though. i don't know if warren has them under his table there. >> he did not wear them. he chose better shoes to go with the suit but he likes you're wearing them. >> i sold mine yesterday. they were selling so fast, we were selling out. >> we are here at carter lake where warren is having the breakfast of champions. he just ordered a strawberry shake. when we came in the dow looked like it was down by 90

i'm becky quick along with joe kernen and andrew ross sorkin. disney reporting earnings three cents better than the street was expe expecting. among the catalysts here, strong attendance and theme parks and higher advertising at its cable networks. the studio with a loss due to the fiction movie, "john carter." >> "the avengers" isn't just a film. it's a franchise from our per expect ter. we see a tremendous boost in products and gaming. we have an ability to leverage what was a very fine film done by a great group of filmmakers from marvel into something bigger for the company and its effects will be prolonged. >> iger says there will be a sequel. >>> in other earnings news, toyota reporting better than expected results and they expect to triple their operating profit this year to more than $12.5 billion that. would be the highest since the global financial crisis. >>> also glaxosmithkline is launched a genome offer at $13.10 share a week. they're taking it directly to the biotech shareholders. genome rejected the offer last year saying it did

i'm becky quick along with andrew ross sorkin and joe kernen. yahoo!'evinsohn has been named interim ceo after thompson's resignation. and fred amoroso has been named chairman, replacing roy basta. all of these considered a resounding victory for daniel loeb who first called dattentio to the discrepancies in the resumÉ. >> rescap subsidiary will be filing chapter 11. >> you're talking by ally. you're not talking ally mcbeal. >> the fallout continues on jpmorg jpmorgan's $2 billion tading loss. jamie dimon said the strategy was poorly executed and poorly vetted. he says the incident hasn't changed his overall view on what the goals should be. take a listen. >> we support getting rid of too big to fail. this is not going to -- we're going to make money with tons of capital bum we support too big to fail. we want the government to be able to take down a big bank like jpmorgan and it can be done. we think dodd-frank gave the fdic the authority to take down a big bank and when it happens, compensation should be called back the board should be fired and the n

i'm becky quick along with joe kernen and andrew ross sorkin.he european rescue fund says the fund will continue support for greece as long as it sticks to its previously negotiated bailout agreement. and cisco systems shares under pressure after the company issued a disappointing current quarter forecast. the ceo says they are cautious because of europe and uncertainty because of government policy. a triple dose of data at 8:30 eastern. the weekly initial jobless claims, those numbers for the march u.s. trade deficit will be hitting and april import prices. we'll get the numbers and the market reaction as soon as they hit. the futures this morning, at this point things have turned positive. the s&p up by 3 points and so are the dow futures. andrew? >> it is the most talked about ipo in years, facebook set to go public, setting the price arrange between $25 and $38 per share. henry blodget writing a series of articles. he takes an in-depth look at the facebook ipo among bankers. and also with us, auto czar steve ratner. some great pieces this we

i'm andrew ross sorkin along with joe kernen and mandy drury. becky is on assignment. let's get you up to speed. facebook is the largest internet ipo in u.s. history. at an offering price of $38 a share, the company now valued at $104 billion. the stock expected to begin trading on the nasdaq at 11:00 a.m. eastern time this morning under the symbol fb. we'll have much more from kayla tausche in a moment. and european stocks are on track for their biggest weekly decline since most of. among today's catalysts, moody's downgrading 16 spanish banks including the eurozone largest bank, ban company santander. and citing risks the country might have to heave the euro. jamie dimon has now agreed to testify before congress before the bank's recent trading losses. the senate banking committee will hold those ehearings. >> in other corporate headlines, yahoo! said to be in the final stages of selling a large stake of ali baba back it to the company. yahoo! intends to use gains from the sale for a share repurchase of its own. meantime yahoo!'s new ceo is dumping a recently created

i'm becky quirk along with joe kernen and andrew ross sorkin. full forecasters say the economy likely added about 175,000 private payroll jobs last month. we'll get those numbers first on "squawk" with joel prprakin. we'll hear from others. we will be joined by comcast chairman and ceo brian roberts. he'll be speaking with us live at 7:30 eastern. the markets are going to be listensing to a crowd of fed speakers. in the mix dan tarullo. he's expected to meet with the banks on the stress test and other issues. andrew. >> let's get you kaupt to speed on the top story os testify morning. facebook's road show, it's going to begin on morn. founder and ceo mark zuckerberg is expected to be involved in the road show. that's big news. we're going to keep an eye on it. the justice wants a summer trial date. the company's requested a delay, but government lawyers say that a class action settlement between bp and a team of plaintiffs' attorneys shouldn't slow down for claims that aren't covered by the proposed deal. and we've got a little deal newses this

now he faces his toughest challenge, joe kernen.f business and get a quick lesson in just a bit. right when you see them, they're yours, it's like, ah, it's part of me. it's me again. now that i'm retiring they all have plans for me. i'm excited. uh, nope. just, uh, checking out my ad. nice. but, y'know, with every door direct mail from the postal service, you'll find the customers that matter most: the ones in your neighborhood. print it yourself or find a local partner. and postage is under 15 cents. i wish i would have known that cause i really don't think i chose the best location. it's not so bad... i mean you got a deal... right? [ bird cries ] go online to reach every home, every address, every time with every door direct mail. this is the first car that i've been totally in love with in every way, shape, and form. it's my dream vehicle. on a day to day basis, i am not using gas. my round trip is approximately 40 miles to work. head on home, stop at the grocery store, whatever else that i need to do -- still don't have to use

i'm joe kernen along with becky quick and andrew ross sorkin. cme group will reportedly extend trading hours for its grain contracts. chicago exchange. it is moving to defend it turf against the fwoid nearly round the clock transactions. and australia central bank cutting its main cash rate by aggressive half a point today. policymakers say inflation would likely be lower than expected for the next two years. comments leave the door open for further easing if necessary. china's pmi rising to a third month high in in april. they stole it from us obviously. the slightly short like everything, slightly short of expectations. the number signals that the economy has found a footing and may be recovering, but smaller factories are still struggling. kevin ferry chief market strategist joins us from the cme. i've gotten some correspondence from you in relation days. >> it's been fun. >> i love the krugman piece. the fed finally needs to get off its ass and do something because they haven't done anything to help unemployment. so -- and then i also leak w

i'm becky quick along with joe kernen and andrew ross sorkin and the global markets are under pressure

i'm becky quick along with joe kernen and andrew ross sorkin and let's set today's agenda.nd may on a high note, but go

i'm becky quick along with joe kernen and andrew ross sorkin. the et

i'm andrew ross sorkin along with joe kernen. back tomorrow. so mandy drury is joining us.

i'm becky quick along with joe kernen and andrew ross sorkin.special squawk news maker with us, warren buffett. he is berkshire hathaway chairman and ceo and he'll be joining us fors next three hours. he is ready to offer his take on the u.s. ar

i'm joe kernen along with mandy -- you're not becky quick. >> i'm not. >> and andrew ross sorkin. >>es, that's much better than earlier. we're down 65 points at one point. yesterday after a pretty -- not a great beginning to the day, the market battled back, closed down 30 points but it almost got to even all day long. maybe it did get to even. mcdonald's is out with some -- >> sales? >> looks like you can see from the stock only europe i think -- that's the only one? i haven't looked at all that. >> what's that? >> maybe that makes sense. only europe was above expectations. >> maybe they're migrating to the cheaper royale with cheese. it's not now called a quarter pounder because of, because of the metric system. there's no quarter pound. in europe maybe they don't have enough money to go to the fancy restaurants and bistros. >> maybe they're making premium drinks. >> they still want their french fries so they go to mcdonald's. >> yahoo! ceo apologizing for the controversy involving his resumÉ. he said he'll fully cooperate with a board investigation into the matter. it's an interes

i'm joe kernen. andrew ross sorkin and mandy drury are both here.'ll be on assignment. >> i'm going to -- going to be on assignment. >> becky on assignment. >> is that a euphemism for lying on a beach somewhere? >> no. >> getting surgery or something? he left. >> he left? did we upset him? >> i don't know. >> i think we upset him. he speaks in tongue. >> he's chucking his stick. is he going to be throwing phones around the desk and breaking things? now he's sad. >> u.s. equity futures at this hour are indicated up about 60 points on the dow jones. after a rough week last week. rough week the week before that. and then a rough day yesterday. europe doing a little better today, as well. not sure why. >> i was trying to work all that out, as well. because you have, what, like 0% growth for euro gdp. italy contracting more than expected. france growth evaporating. but germany was stronger than expected. and i'm wondering whether that was the linchpin. >>. >> and the stronger dollar is not coming necessarily because of -- >> we have a fight going on here

. >> reporter: i think joe kernen would be happy to hear that since he's planning his vacation, it wouldhe region. it also implies a nasty outcome. i just think it's important in all the conversations we've had over here to me have this inkred play clea the cost of a greek eurozone breakup are huge but it's precisely the can concerns about the costs that are giving more reason to move towards federalism, almost, to more fiscal integration. it's really only going to be if the people of europe decide that's something they don't want, it's going to keep these measures from being put in place, one reason we had a guest saying he's optimistic because he thinks this is giving people cover or rationale to take those additional sets and keep in mind if you want to talk flight to safety, you mentioned the euro, tomorrow germany will be auctioning off two-year debt with a zero coupon. zero. you think u.s. yields are low, that's the sense of what's going on over here. >> kelly, thank you very much. kelly evans joining us from london. bob pisani watching -- what's going on? we're up two days in a ro

there was an expectation perhaps that they -- i guess to joe kernen's point at 8:50, you can't defend 35 to push it up to 38. >> there's misunderstandings on what this green shoe was from morgue jan stanley. they have a reputational risk involved. i don't know how many millions of shares they had. 60 million shares. something like that. certainly they would have taken some of that to support the stock at 38. when it was obvious it was going below that, their obligation by the way, their legal obligation, is to have an orderly market. if it is going to 36 to take some of that 60 million or 50 million or whatever it is and support it down to 36, then take some more of that and support it down to provide an orderly market is the obligation. >> orderly at 35. down 8% on the highest profile ipo we've had in ten years. >> you know what's missing from this whole discussion? the new york stock exchange. nyse. officially they absolutely had nothing to say about what happened with nasdaq and obviously let's call it a fiasco if you want to. i saw larry on friday. he's the coo of the new york sto