carl is on assignment, but jon fortt has made his way back to post nine.ee you. >> good to be back. >> and also this hour, we will have mike santole and business insoo insider and founder henry blodgett, and good friday to you. we have to start with the rough may jobs report, and the u.s. only adding 38,000 jobs. and as simon said, the markets are being resilient considering just how bad that data is. and we can make jokes about the bls forgetting to carry the one, but this is no laughing matter. >> there is two huge implication, the timing of the rate rises, and it would be surprising to see the fed race in the face of this, and maybe if june is better, it changes, and the other is the impact on the election. the economy stay strong, it would be a major upset to see the republicans win the election, but if the economy goes into the tank, all bets are off. >> and mike, does this mean that we have peaked in 2016 so far with the job growth, and acceleration of the growth. >> the expectation would be that you would shift down from 200,000-plus a month to some

i'm jon fortt. stocks rebound a bit. right now the dow is up about 1%, 145 points, the s&p and nasdaq doing even better, this as the heads of the eu are said to meet in brussels. wilbert frost is live in london with more. >> reporter: yes, all the leaders are here now. they've had their usual family photo. they managed to put slight smiles on their faces, of course those strained relations between 27 states and one in particular, the uk's david cameron final remarks including from angela merkel that it's important to only begin talks once -- meanwhile, president hollande -- martin schultz summed things up. >> i think we should not wait until the conservative property. but i understood they want to move forward to september, and i underunderstood the conclusions yesterday in berlin, september could be a trigger. >> reporter: so all 28 leaders are in a working session at the moments. we heard there from martin schulz, they don't expect negotiations until a new prime minister is in place. the working session goes on for abo

. >>> meantime, from europe to california where we will find jon fortt who spoke with twitter and foure ceo john dorsey out at code. out to you, jon. >> well, kayla, there is a lot of talk about twitter's user growth, a growth, a rightfully so, and i wanted to get jack dorsey away from the crowd to talk about his team and the program fix, and that is where it will happen and this is what he said. >> twitter is a reflection of the world in the same way that i worry about where my mom is, and who she might run into in the real world, i have to do it in digital world adds well. in the physical world, you will give people better controls and p protections around how they live their life. in the past, we have had some rudimentary controls for people. i think that we are getting better and better and applying more engineering to the problemt as well so that we can build a very simple mechanism for people to, you know, block, to report, to mute, and not just accounts, but potentially hashtags or the key words so that they can continue to feel free to express themselves. >> and you are on the

jon fortt, next to you. >> we are bracing ourselves, rick.. >>> and now, up next, our conversation with the stars off "veep" and "arrested development" as tony hale will join us next on "squawk alley." getting faster. huh? detecting threats faster, responding faster, recovering faster. when your security's built in not just bolted on, and you protect the data and not just the perimeter, you get faster. wow, speed kills. systems open to all, but closed to intruders. trusted by 8 of 10 of the world's largest banks. how's check it out. lights.? meeting configuration. blueprints. call hruska. we've gotta set up a meeting. sure. how do you spell that? abreu, albert, allen, anderson c, anderson r.... you know what? i'll just tell him myself. door. andrade... it's about time business communications caught up. call anyone in your network just by saying their name. call hruska. vonage. business grade. people friendly. >>> tony hale, the star of "arrested development" and hbo's "veep" is here to iselle brat the fifth season of "veep" and our sara eisen

jon fortt, back to you. >> all right. thank you, rick santelli, and up next, i'm amaze. mccartney and the music reality teaming up for a jaunt of virtual reality experience for the next tour. we will have more on that when "squawk alley" continues. man 1: you're new. man 2: i am. woman: ex-military? man 2: four tours. woman: you worked with computers? man 2: that's classified, ma'am. man 1: but you're job was network security? man 2: that's classified, sir. woman: let's cut to the chase, here... man 1: what's you're assessment of our security? man 2: [ gasps ] porous. woman: porous? man 2: the old solutions aren't working. man 2: the world has changed. man 1: meaning? man 2: it's not just security. it's defense. it's not just security. it's defense. bae systems. >>> cnbc is unveiling the exclusive disrupt er 50 this week, and highlighting the most disruptive companies. our julia boorstin is live in palo alto, a hub of disrupters, and join g ing us with the vr reality content shake-up. over to you. >> i am joined by the jaunt ceo and interim ceo arthur van hoff, and thank

jon fortt joins us with more. hey,' jon. >> we spoke to satya nadella in the last hour. i asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. here's what he had to say. >> these professionals are using office 365 on one side and linkedin on the other side. so that's one massive opportunity for us to increase engagement in both. think about the other side of linkedin. it is about higher market sell and learn. that's all business process. that's a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, it's about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and that's what's sort of super exciting. >> all right. jeff weiner and staya nadella talking about this blockbuster deal today. i said i did have pete and jon najarian with us. you surprised as news of this broke? >> absolutely. i was shocked by it as well. we all thought eventual

jon fortt spoke with both ceos. jon? >> microsoft wants to get bigger, but to do that it needs online professional services running on the platform. linkedin has got more than 430 million members, but only about a quarter of them sign in during any given month and to change that, it's been promoting itself more than just the biggest place to find a job online. it's promoted it through news stories, training courses and more. linkedin was approached when stock was lower. take a listen. >> we were talk in february about what's the next phase? can we complete it more tastefully and wbetter relevanc. if it was informed like what projects are you working on. i mean think about how you can bring it to improve the relevance of the feed. that's what excited us. >> microsoft's ceo amy hood said she's going to measure this deal on top line revenue but how linkedin brings more revenue to microsoft. what remains to be seen is whether they can strike the right balance which is the key tenet of this deal and getting the engineers to w

jon fortt? >> let's get straight to

i know you, kelly, and jon fortt have the exclusive. plenty to talk over with him. >> we plan to. thank you so much. fedex earnings are out. let's get to susan li with that. >> when it comes to eps in the quarter, we're looking at 330 a piece. analysts were called for 328. revenue coming in at $13 billion. analysts were looking for 12.7. and we're looking for guidelines right now. a full year of guidance. back to you. >> susan, thank you. >> it's a very steady stock in the last year or so. it's had some of the premium come out of it. it's not one of those transport stocks that people think has a real wide swing. >> let's get more. a 182 price target -- $182.50 price target. appreciate you joining us again. they beat on the top and bottom line, the revenue number, especially, donald. >> it's starting to bear fruit, one, and, two, let's face it they're the deliverers of e-commerce. ups ground hasn't grown but fedex ground has. >> why were they allowed to go forward with at&t when ups was blocked. >> you have to understand the two dominant forces in europe are dhl and ups. adding tnt

. >> yes, we are at rancho palos verdes, california, and we want to bring in jon fortt who had interestingnts from chuck robins, cisco's ceo. >> yes, and he is as well as g the -- ginni rometty, and talking about security and the b cloud business and this is what he had the to say. >> in relative to the way that things are hyperdistribute and we are connect things that are not connected before so the whole premise of the data enterprise is disappearing, and the infrastructure is the network. so the importance of the network in regards to security is only going up. it is one that lensd itself to subscriptions and software is important move in our business, but as we are looking to the future, what customers want is a that they want to really dynamically defend against threat threats. we have one of the largest threat information databases in the world. we see more threats daily than anyone. we actually see 20 billion threats in the customer base on a daily basis, and what they are looking for is how to take the information and give me the ability to rapidly defend not only my enterprise, bu

kayla tausche, and jon fortt with me at post 9, and joining us is kara fisher. >> that is creepy. >>dstone is removing five directors of the board including philippe dauman. and jane wells with the latest. >> well, the hits just keep on coming. in part of a movie that came out of this studio attributed to its success. >> this is awesome. >> hang on, mikey. >> all right, the "teenaged mutant teenaged turtles" is a d disappoint, and the viacom profits were 1.05 and the predictions were $11.38 and it is a controversy of the demandle deal delay, and does this give more fodder to shari redstone? philippe dauman and four other board members have been ousted, but a board in delaware has to approve it, and the ousted board members are saying we are still running the show, and they are asking the court to continue that for now, and they are arguing that shari redstone is manipulatinging her father, and they say that through national amu amusements she has changed the bylaws so that any decision on whether to sell paramount would are require unanimous board approval while the opposition is say

♪ say your prayers ♪ and don't forget my son to include everyone ♪ >>> welcome to "squawk alley" jon forttayla tausche and me with henry blodget on set, and mike issacson is joining us from san francisco. a lot to watch with the dow down, and the politics is a story, with democratic nominee hillary clinton getting endorsements from the president, and senator elizabeth warren, and also on twitter donald trump said that e obama just endorsed crooked hillary and he wants four more years of obama, but nobody else does. and she replied, delete your tweet account. and then he replayed, how long did it take your staff of 823 people to think that up, and where are your 33,000 e-mails that you deleted? >> and how could this market be doing so poorly? >> well, whatever intern is manning hillary's twitter account got a huge raise, because it brought delete your account to the mainstream lexicon, but it is essentially really funny, because it is a tool that you and i use everyday, kayla, and jon, and we are all on it all of the time, and it and it is a great media consumption tool, and twitter is tryi

jon fortt? >> let's get straight to satya nadella and jeff weiner, a megadeal they announced this morning. $26.2 billion. microsoft looking to buy linkedin. satya, congratulations first on this deal. i know you have some things probably you want to say about this deal off the top. but when you approached linkedin with this deal and why buy versus partner with this company if it's going to be run as its own entity within microsoft? >> thank you, jon. this deal is all about bringing together the world's leading professional cloud and the world's leading professional network. if you think about how people work today, it's split between these two worlds. they are using office on a daily basis, they are using systems like dynamics for their crm and human capital management and then of course, they are using the professional network. the dream that i have always had is how do we make this come together so that we can serve our customers. this is really about completing that scenario and jeff and i hav

jon fortt is out, but kayla tausche is in san francisco, and here for the hour we have mike santole,nd dennis berman, the financial editor at the "wall street journal," and also, joining us is lead writer at "fortune" as well. and now, verizon is looking to bid $3 billion for the yahoo! assets, and there is to be another round, but verizon is said to be the frontrunner. dennis, i naturally go to you fir first, and what does the size of the bid say, and any color about how this round is going? >> well, i don't know if i have a lot of color necessarily, but what is important is that there are so many moving parts, and whether it is the patent portfolio, and how the assets of yahoo! is structure and it is not the way of a straight action as we want to cover it in the press. so many moving piece, and we have to take it with a caution because the headline number may not be the thing that matters most by the board, but it is what they could fetch for the other assets and also how they structure yahoo! japan and alibaba holdings. >> and with all of that in mind, how are we supposed to judge

conference, and kayla tausche is live at the new york stock exchange and here out west is with me is jon forttnd erinn lee and alex goodman. and now, the content is making headlines last night with jeff bezos, and here is what he said. >> i think of them as seeds being planted, and will ta turn into trees. and amazon studios could turn into a fourth pillar, and it is possible. what we are doing with alexa and echo and the natural language understanding evolves into an artificial agent, and by the way, i think that there are going to be a bunch of artificial agents in the world and just like apps and web sites this they are going to be specialties, and maybe not ask the same a/i is going to be bet at some thing, and a certain household better at some of these, and they seem promising to me. >> just a sliver of what bezos covered with walt mossberg. they called it an iconic appearance by bezos, and what are people saying about it today? >> first of all, that it was a fantastic intervush and second of all, they have never seen jeff bezos be so candid before, but it is interesting, because i found

jon fortt is out. kayla tausche and myself for the hour. also joining us, former apple evangelist, guy kawasaki. the headline on barrons, are unicorns killing the ipo market. 31 companies have gone public so far this year compared to 69 at this point last year. 115 in 2014. the article speculates that rising regulation along with an excessive amount of vc money as culprits for the slow-down. mike, as a barron's alum, what do you think they are trying to tell us? >> i think they are trying to weigh in on what this means for the markets and just what kind of market environment we're in. not so much about that kind of corporate strategic decision by a private company whether we should come public or not, but as this piece points out, typically when you have had one of these droughts in ipos it's been good for forward market returns because it means the market is not very frothy, not looking for the next hot thing. i'm sure you can go to an opposite extreme and say it's kind of an unhealthy market if nobody feels as if it's worth going public.

kayla tausche and me at post nine with jon fortt and jason calcaneus joining us as well.nd now, our best ever day in china, and we have details with susan at hq. >> yes, let's go to hung cho, china where the alibaba is projkting to grow 30% this year, which is some different from the projections of the and -- analysts. there was an overarching event of the company, and to him, alibaba is no longer a marketplace to sell goods according to the ceo jack ma. >> we want to have the collective datas are from the consumers and the datas are from the business. >> yes, so data is very important to him, and, yeah, basically he is developing the cloud likem amazon and break out in the future, and you know the four major areas for alibaba, the cloud, marketplace, and what they are calling the mobile media and entertainment, and innovations technology, and the big topic that people wanted more clarity on is what he made headlines with last night. >> the problem is that the fake products today, they make better quality, better price than the real product, the real names. >> yes, so bet

carl is on assignment, but jon fortt has made his way back to post nine.ee you. >> good to be back. >> and also this hour, we will have mike santole and business insoo insider and founder henry blodgett, and

. >> jon fortt, thank you so much, and devin as well.nd the brothers najarians are looking for moves in the options market to help you make some money. we are will look at what they found straight ahead. >>> and tomorrow, what the jobs report could mean for the gold trade. a debate on where it is headed next on the halftime report. >> the halftime report with scott wapner is the place for market-moving interviews. >> you don't call the company a sewer because they made a mistake. >> real money. >> we are short tesla and solarcity. >> and real money. >> is it not business that hurt business, but it is the technology that hurt businesses. >> and this is going down as the most profitable cti. >> i always get to tweet about the show, but now i'm on the show! this is the greatest moment of my life. >> the "halftime report" noon eastern. >>> i'm michelle caruso-cabrera and this is what is coming up op "p "power lunch" in 15 minutes. we have some investment ideas for you out of the world -- literally, he is talking money and mars ahead. >> and

jon fortt and myself here, and kayla tausche is live at the cannes film festival in france. and we are joined by our guests this morning on a busy day, and both business wise and politically, and the top stories of the moment, are trades of w solar citi with tes l.a. offering to buy the company, and elon musk is the ceo of tesla, and the city founder and controlling sharehold, and on the call last night, musk says it is a complete opportunity to create a pipeline for thep consumer, and take a listen. >> we think that it is a really huge opportunity here to have a highly integrated sustainable energy company that answers the whole sustainable energy question from the generation of power to storage to transport. >> and oppenheimer is bidding on that with shares at 2.8 billion offer. what do you see of the move, kate? >> well, is that the tesla shareholders are not thrilled about it and the solar citi are, and so from the capital point of view, it is big point of view, because he has been financing both companies and financing both companies so that makes sense. so the question

i'm carl quintanilla, and jon fortt is off today and kayla tausche is with us as well as mark santolibig news with prime minister modi about to address a joint session of congress. and our own seema mody is with us. >> paul ryan is introducing everybody in attendance, and we have not seen the prime minister take the stage yet, but we will bring you the highlights, and once they come. it is going to be prime minister making the case of why the companies in the u.s. should do business in india, and india is a better place to do business than other emerging markets. this is a momentous time for the country, because it is currently the fastest growing momentous market in the world, but it is not the biggest, and china is. and india knows and prime m minister modi knows that in order to reach the target, it needs the help of u.s. corporations as discussed at the u.s.-india council event. jeff bezos of amazon and the ceo of cisco as well expressing interest. >> john harwood joining us on set. it is fascinating to watch the political world catch up with what the tech world has been preaching

looking at the action on gold up $54, and bob pisani is here with jon fortt and myself. and bob, your reactions on what we have seen so far. >> well shgs, we are essentiallk to where we have been for ages 2050 the pivotal point of the s&p 500, and we have been there for more than a years, and we were at 2300 two weeks ago and on the brexit concerns dropped to 2050 and then the brexit concerns going back and then go to 2100 and now back to the 2150 range are, and we have been there before, and we are not going anywhere right now and i don't know from here, but we are not dropping any technically important levels. and secondly, the russell reconstitution today, and i think it is important, but it is interacting with the market in ways that we can't figure out right now, so i am not sure that today is a good day to make broad pronunciations of where the market is. and finally in terms of the winners and the losers, i don't know if you have the full screen ready, but the telecoms and the reits are continuinging to do well today on the prospects of the lower rates and continu

ceiling ♪ it is just a matter of time ♪ glorious stealing ♪ it is all right ♪ ain't no time >>> jon fortte on post nine, and kayla tausche is outside, and you can mang inwhy. looking at the session highs, and best day for stocks since may 24tha and big ipo on our hand hands and twilio is trading higher, and making it the biggest gain of the year, and a lot more that the u.s. tech in the past 12 months, and meanwhile, a first on cnbc interview with the company's ceo jeff lawson coming up later on in the hour. the top story, the voters in the uk are heading to the polls to decide if the country should stay or leave the european union, and the outcome is expected to have far reaching consequences in the financial markets overseas and at home. over to kayla standing by with the latest. kayla. >> carl, we are more than halfway through the polling day here in the uk, and of course, many of the undecided voters will depend on the turnout of this evening in this weather, but the financial industry're in the financial district here in london is dealing with the day of heavy volume on the trading s

jon fortt with the preview of the next hour on cnbc. > yes, coming up in a few moments. sumner redstone does not trust the board, and so we will dig into that. and the cia director is not happy with jack dorsey's level of cooperation. and we will talk about the amd predictions, and does it go higher from here? all of that is coming up on "squawk alley." >>> good morning. it is 8:00 a.m. at twitter headquarters and 11:00 a.m. on squawk street, and we are live. ♪

. >>> now, over the squawk alley with jon fortt. >> we will dive into apple, and the potential impactso, bob iger the disney ceo on the new theme park in china and also perhaps some movement on movies in china, and finally, bernie sa sanders and president obama meeting and are we closer to the moment that we are certain of who the candidates are, and traders like real certainty. all of that and more coming up on "squawk alley." (man) oh, looks like we missed most of the show. (woman) and there's no way to restart it. (jon bon jovi) with directv there is. ♪ you see, we've got the power to turn back time ♪ ♪ so let's restart the show that started at nine ♪ ♪ and while we're at it, let's give you back your 'do ♪ ♪ and give her back the guy she liked before you ♪ ♪ hey, that's the power to turn back time. ♪ (vo) get the ultimate all-included bundle. call 1-800-directv. steve, other than making i'm here atme move stuff,rade trader offices. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visu

jon fortt, thanks for joining us on the news there. tony fadell is leaving the n.e.s.t. rick, i'm sorry we had to leave you. any you want to leave the folks with? >> we're going to be hard to get income. places like the high yield market will have flows on the backside of this. >> rick. thank you. we really appreciate joining us at blackrock. steve, we'll let you go. you've got a whole hour coming up. the biggest bull calling for a biggest swoon. tom lee will explain at 5:00. >>> ahead facebook wants to control mark zuckerberg's control of the company. can they do that since he controls 50%. >>> and this may look like a rock concert but it's walmart's annual shareholder meeting. we'll take you to the highlights when we come back. & in a world held back by compromise, businesses need the agility to do one thing & another. only at&t has the network, people, and partners to help companies be... local & global. open & secure. because no one knows & like at&t. we built our factories here because of a huge natural resource. not the land. the water. or power sources. it's the p

i'm jon fortt. stocks rebound a bit.now the dow is up about 1%, 145 points, the s&p and nasdaq doing even better, this as the heads of the eu are said to meet in brussels. wilbert frost is live in london with more. >> reporter: yes, all the leaders are here now. they've had their usual family photo. they managed to put slight smiles on their faces, of course those strainedat

kayla tausche, and jon fortt with me at post 9, and joining us is kara fisher. >> that is creepy. >>

ceiling ♪ it is just a matter of time ♪ glorious stealing ♪ it is all right ♪ ain't no time >>> jon forttnine, and kayla tausche is outside, and you can mang inwhy. looking at the session highs, and best day for stocks since may 24tha and big

our very own jon fortt sat down with a special guest here at the code conference, ford's president andeo mark fields. jon joins us with more from that interview. >> carl, it's interesting. ford is at this point where they are facing a potential shift in the role of the car, but not necessarily in the popularity of the car. one of the things that mark fields talked about was the possibility of car as a service. if people aren't buying cars as often, they'll still be using cars just as much if not more. so he's thinking about ways that ford can participate in that revenue and that profit down the line. we also talked about autonomous driving and some of those trends as well as ride sharing and how that might play out, especially because even if autonomous driving takes off huge, it's not going to be a dominant part of the existing fleet for a long time. listen to what he said. >> when you think about autonomous driving, the autonomous driving where the passenger doesn't ever have to be involved with the vehicle, you know, our view is probably an autonomous vehicle that can go in premappe

jon fortt joining us from san francisco. >>> up after the break we'll head to orlando for the latest club shooting that left 49 people dead and 53 wounded in the attack. republican senator ron johnson chairman of the homeland security committee will join us live on "squawk on the street." >>> the investigation continues into the orlando night club massacre. eamon joins us with the latest from orlando. good morning. >> yeah, good morning, sara. our understanding of who this killer actually was, has shifted dramatically over the past 24 hours. you remember in the early hours after the shooting we heard from the killer's father who said that one of the reasons for shooting up a gay night club may have been the killer's hatred of gays. he said he was offended when he saw two men kissing in miami. now we're seeing multiple reports from people who were themselves regulars at the pulse night club, that omar mateen shot saturday night saying that he also was a regular at the night club, others who say that he was a regular user of gay dating apps as well. the associated press spoke with one

we go over the jon fortt for what is coming up on "squawk alley" the next show on this morning. >> weave steve case, the partner of aool and revolution talking about startups, and also, we will talk about some some tv to a man who has changed the future there in ben silverman. and also, we will talk about the hack organizations and specifically led by the russians, and what it means for the future of security. all of that is coming up on "squawk alley." those new glasses? they are. do i look smarter? yeah, a little. you're making money now, are you investing? well, i've been doing some research. let me introduce you to our broker. how much does he charge? i don't know. okay. uh, do you get your fees back if you're not happy? (dad laughs) wow, you're laughing. that's not the way the world works. well, the world's changing. are you asking enough questions about the way your wealth is managed? wealth management, at charles schwab. >>> squawk master talking about the brexit vote and his cues for inare vestors tomorrow on cnbc. >>> good morning. it is 8:00 a.m. in facebook headquarters in

jon fortt is out, but kayla tausche is in san francisco, and here for the hour we have mike santole,nancial editor at the "wall street journal," and also, joining us is lead writer at "fortune" as well. and now, verizon is looking to bid

jon fortt is the member of the team that didn't go to cannes.ts, the dow up better than 240 points, but the nasdaq doing the best of all indices, up nearly 80 points at this point in early trade. also on the show, we have tim westergren coming to us and we have a big weekend for disney on multiple fronts. that's coming up on "squawk alley." when a moment turns romantic why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a

i'm carl quintanilla, and jon fortt is off today and

. >> jon fortt at the code conference. >>> coming up, a new month, new round of opportunity for investorsk box." ♪ ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. ♪ ♪ (charge music) you wouldn't hire an organist without hearing them first. charge! so why would you invest without checking brokercheck? check your broker with brokercheck. >>> the dow and s&p posting their longest monthly winning streaks since 2014. [ laughter ] >> smart ass viewers. how are the hickory golf vests working out for you. they're saying i am resistant to change. >> you said that. >> david bianco. head of equity strategy at deutsche bank. it's a streak but not much of a winning streak. david, i guess we have come back strongly