joining us for the hour jon steinberg ceo of the daily mail north america. call la out today. fortt live at an apple store in new york city where the company is previewing the new watch. we will begin, of course, with general electric shares rising after the company said it will sell most of its assets related to ge capital and put the bulk of the proceeds towards a $50 billion share buyback tied for the biggest buyback in history. david faber spoke to jeff immelt who joins us with more. >> thanks, carl. the stock as you said is up sharply today but the stock has been something of a hindrance certainly for many and a great disappointment for those who have been long-term investors in ge at this point. jeff im melt has been repositioning this company's portfolio for some time. he has sold off nbc, appliances, insurance, plastics, today the announcement most of ge capital will also be sold over the next couple of years. all of it, of course, in an effort to focus the company on its industrials business. now i asked him if he has been frustrated with the market's reaction thus far

♪ >> welcome to "squawk alley" for a thursday, joining us for this morning for the full hour, jon steinbergo of the "daily mail" north america. kayla is out this morning. john ford live at the nasdaq where etsy has just opened for trade. what an open. more than doubling as you suggested it would right before it started. >> strong early on. and got to remember etsy set aside 5% of shares in this ipo for individuals. a lot of those people sellers. so this pop some people might say there's the age-old question, did they leave money on the table here? i'm sure it will be asked. you got to remember some of the people in etsy's community the loyalty of which is a big part of etsy's story are looking at the stock price and feeling like they're winners, as opposed to if it had opened flat and etsy had kept all the money. i'll be asking chad dickerson, waiting for our conversation which we'll get to. how it plays into the story of etsy going public. as we mentioned earlier. in its s-1, etsy says we're not profitable now and basically, they're not in a rush. might not ever be profitable. that's the s

joining thus morning, jon steinberg, ceo of the "daily mail" north america and with us, john ford, kaylaugh for you guys? >> and the chimes are going off? >> this is san francisco. yesterday, i don't know what that was. >> and to think that we're wearing sunscreen after yesterday. >> what a show we have today. joining us in the next hour is a great line-up, former yahoo president sue decker and the president of linkedin, john hoffman. we begin with apple, shares sliding after hitting the all-time highs, revenue and profit did top expectations after the company sold over $61 million iphones, up 40%. apple saying it sold more iphones in china than the u.s. for the first time ever. tim cook talked about demand for the apple watch outstripping supply with our own josh lipton saying it's a relatively better problem to have, one we know how to fix. >> i think that why the stock might be trading down now is people feeling how it could possibly get better. 20% of iphone users upgraded to the iphone 6 or an iphone 6 plus, in a relatively short period of time. so replacement is there. when they la

joining us this morning jon steinberg ceo of the daily mail north america. o you. >> good to be here. >> jon fortt and kayla tausche at post nine. watching the markets well off the highs. the dow up almost triple digits but up about ten. big story in tech is the review of the apple watch out this morning and among them, c-net scott stein says the watch is beautiful, bold, but comes with some complications. joining us this morning at post nine is the senior editor of c-net scott stein. that's an echo of what a lot of people are saying. what are the complications. >> you know, i want to make my life easier, right, and i think that's the idea of the watch to make you life easier. and there are fantastic shortcuts, ways they've reinvented notifications but a lot of ways to interact, apps and subapps and so many ways to interact, that it's going to be a little hard to figure out. i've used a lot of smart watches and tech, so i've given this a week and i find it's not always that seamless to get from one part to the other and i'm playing with this on my wrist a bit

as always, we appreciate your time, and jon steinberg, thanks for coming by. >>> let's check the marketsis hour. we've had quite a choppy morning so far. but right now the dow is back in positive territory. the markets largely started climbing off of their lows on a more positive-than-expected report for existing home sales and shares of mcdonald's rallying after earnings topped analysts' estimates. u.s. sales fell more than 2.5%, thanks to tough competition and strong dollar. but that stock still up about 4% this morning. >>> meantime shares of boeing slipping after earnings and revenue missed expectations. the company did meet its jet delivery goals, but. stock is down about 2.25%. and kelly, it's the biggest laggard on the dow so far this morning. >> an index, only about 40 points this morning. >>> coming up the tech earnings parade will continue, we'll tell you what to watch for when facebook reports after the bell. >>> plus speaking of facebook, its $21 billion acquisition making a major announcement this morning. find out why it could drive growth higher. the apple watch officially

. >> jon steinberg, thanks to you for an active day. back christine lagarde finishing her speech at the atlantic council and with us in just a moment. >>> greece completed its payment to the imf but lots of uncertainty remains. sara eisen in washington with the managing director of the international monetary fund, christine lagarde. hey, sara. >> hey, carl, thank you very much. madam lagarde always good to see you and have you on cnbc. >> good to see you too. >> start with the news, another close call for greece but appears you have received the payment today. >> yes, we have received full payment that was due today and i'm glad that that was done in an orderly fashion. >> by no means the uncertainty over with. another biggy may 12th. do you have any assurances you'll get that one? >> what matters is now for the greek authorities and the three institutions, the imf, the ecb and the european commission, to get on with the work. and to really see how we can together identify the measures that will take greece out of the very bad economic

jon steinberg joining us who has had an amazing, an amazing post.e and how many views in 24 hours? >> 1.4 million views. we did a video post of asking women to draw a certain male body point. 1.4 million. hillary getting two million in few hours, elite daily almost beat her. >> it's like comparing apples and oranges. >> it is. >> dow is up 78 points. it's been a solid morning from the get-go. as we've seen obviously earnings come in on the good side. delta in the green after earnings beat estimates. the company saying it was the best march quarter in history. shares of go pro rallying after getting upgraded. a widespread adoption of the brand by outdoor adventurists and average users continues. when we come back, eu antitrust case against google. plus do you think ceos are getting paid too much? today we'll talk to one who is slashing his million-dollar salary to raise workers' minimum wage to $70,000 a year. and ahead of netflix tonight we're talking to one of the stars of its new hit show, "dare devil" row sasario dawson. when a rewards card is de

. >> jon steinberg. to headquarters, wapner and the half. ♪ >>> all right. thanks so much.elcome to the halftime show. let's meet our starting lineup for this friday. stephen weiss, managing partner of short hills capital, jim lebenthal, president of lebenthal asset management, jon najarian the co-founder of optionmonster, and christine short is director of media and pr at estimize. former met tronnics ceo bill george blasting the billionaire and activist investors saying they're putting american companies at risk. he's going to join us live to explain. biting apple, another downgrade as the watch goes on sale today. is now the time to worry about america's most loved stock. we begin with the markets moment of truth, earnings kicking into high gear next week. with some of the biggest names on the street reporting, just as estimates continue to come down. raising the question of whether stocks can really rise if the numbers are as bad as some people think. jim lebenthal, you want to answer that question. you have another earnings cut today. jpmorgan cutting 2015 s&p 500 earn

♪ ♪ >> welcome to "squawk alley" for a thursday joining us for this morning for the full hour jon steinbergica. kayla is out this morning. john ford live at the nasdaq where etsy has just opened for trade. what an open. more than doubling as you suggested it would right before it started. >> strong early on. and got to remember etsy set aside 5% of shares in this ipo for individuals. a lot

joining us for the hour jon steinberg ceo of the daily mail north america. call la out today. iewing the new watch. we will begin, of course, with general electric shares rising after the company said it will sell most of its assets related to ge capital and put the bulk

joining thus morning, jon steinberg, ceo of the "daily mail" north america and with us john ford, kayla yesterday, i don't know what that was. >> and to think that we're wearing sunscreen after yesterday. >> what a show we have today. joining us in the next hour is a great line-up, former yahoo president sue decker and the

joining us this morning jon steinberg ceo of the daily mail north america. be here. >> jon fortt and kayla tausche at post nine. watching the markets well off the highs. the dow up almost triple digits but up about ten. big story in tech is the review of the apple watch out this morning and among them c-net scott stein says the watch

steinberg, kevin giddis, david courtney, phil streible. david? david: weakness in the global economy spurring today's big selloff and leading federal reserve to think about a june rate hike. "wall street journal" correspondent jon hilsenrath, also a fox business contributor. jon, great reporting today. apparently the fed, they have so much more data than us lesser mortals have access too. do you think they're actually seeing a negative quarter in the first? >> no but they're seeing a first quarter that's a lot weaker than they had expected coming into the year. you know i think that they do look at a lot of data but they're really focused on a lot of reports that we're all looking on, at, right now. that april jobs report was very soft. this week we had industrial production numbers, retail sales numbers, housing starts. all came in under expectations. so, they thought this year was going to be once again, a breakout year for the economy. looks like it's not. that has to the them a little antsy right now. david: let me put a fine point what you said. you're saying they probably do not see a negative first quarter? that's significant. >> i don't think so. david: okay. >> their foreare probably in line with conse