kayla tausche joins us now with more on that. it is a big win for citi kayla. >> it is. of course you remember last year when citigroup was rejected on qualitative issues and mike korback said he wanted to take the entirety of 2014 to fix those issues and citigroup by many measures was best in class when capital levels came through in the stress test. and in the form of being able to raise its dividends to 5 cents a share and $7.8 billion buyback. previous year only done $1.2 billion. so this is multiple of what been doing before. >> let's talk about how the banks are doing so well. deutsche bank and sander. got a conditional approval. what was wrong there and do depositors or investors in those banks have anything to really worry about? >> well the capital levels tyler, on the whole looked okay. a crisis-like scenario with losses they would have enough cushion on hand to pay for those losses without taking taxpayer money, but where the fed raise concerns is how the bank plans and risk management processes work. in some times, their governance did overseize the stress te

kayla tausche is with us and has more on results from the test. i think it was encouraging that all of the banks passed but they all kind of got different grades. >> it's encouraging but is it too predictable or easy for banks to figure out what they need to do with their balance sheet but for now, sue, it's good news. all 31 banks representing 80% of global banks assets passing this test which is quite a vote of confidence in the length that they have -- the measures they've taken to build up the capital levels after the crisis. they've come a long way. >> like the common core for bankers. did this make it more likely to be able to pay them? >> this is only part one of the test. it's a vote of confidence but just that. they all cleared the capital's bar but not including the calculus needed for buybacks for dividends and of course that the first thing the banks had to scrap when they realized they needed the cash. they thought citigroup had enough last year on hand. it wasn't quantitative issue but a quality at a timive issue. they didn't think t

kayla tausche is here. jon fortt is in barcelona at the mobile world congress.earing from john in a moment. let's begin with the markets today. red again as sara and simon just said. biggest two-day decline for the markets since january 27th and 28th. for most of the day, not a single dow component has been in the green. oil, stubbornly hanging on to 50 or at least close to it after an amazing build in inventories and bertha keeping us honest on the nasdaq. good morning. >> good morning. the nasdaq only closed above the 5,000 level twice back in 2000, has yet to be able to put together a second day as we were lower today. one of the things we're seeing here is the nasdaq big caps are actually outperforming just modestly some of the other small caps and the large caps today. facebook, yahoo! among the gainers. apple back above $129. that's helping bring the whole composite back above from the low. cisco one of the major drags today as well. but again, we're seeing the selling happening in the chip sector. chip sector helped propel us above 5,000 a couple days ago

joe terranova and kayla tausche here as well -- jon fortt and kayla tausche here as well.ing some back after the fed induced rally. speak of the dow apple joins the dow today replacing at&t worth more than $700 billion, but only ranks fifth in dow weighting below companies like goldman sachs, ibm and boeing and henry, you've been tweeting about apparently not a big fan of price weighted indices. >> absurd the price per share. come up with the craziest way to do an index that would be it. it's been that way forever. no need for innovation there. congratulations. >> i was going to say, the dow has critics but they were first by 150 years or so and they've got history on their side. >> and more interesting, apple's tv announcement, i don't know how you all looked at it, but potentially a very big deal, it's like the first big attractive cord cutting option for folks who like sports and so forth, could be a big business down the road and people are missing a lot of it which is a lot are going to goes to this. hard it to get you guys on this, right. >> right. >> the report. exc

kayla tausche in post nine.tplace etsy filing for an ipo. the company says it intends to list on the nasdaq under etsy. it says it plans to raise up to $100 million in the ipo but could seek more. we talk to the ceo chad di

kayla tausche joins me at post nine. if you're curious, dow down about 92 points.e watch the markets as the nasdaq has given back about 33 pointsujÑ#ñ after nasdaq 5,000 yesterday, but it is evident, kayla, that the world's attention will be focused on this for a little while, at least over next hour. . . >> packed room as you mentioned in the joint session on capitol hill. a star-studded guests, not just members of congress, audience that pretty much is divided along party lines. this has been a divisive presentation on capitol hill among democrats and republicans, many democrats saying that they're siding with the president who continues to negotiate on his own with iran. >> that said, john harwood, a lot of the democratic leadership obviously in the y27zizroom. describe what a tactical move that is, deciding who stays and who is absent? >> well, look, democrats have gotten the lion's share of votes for a long period of time. that is the key constituency of the democratic party in terms of votes, certain states and in terms of financial contributions. republicans

i'm simon hobbs, with kayla tausche, david faber.n the wake of what's a blowout report for the economy. a blowout employment report for this economy. we'll come back to that during the next hour. >>> let's get to our road map for the morning. "new york times" columnist jim stewart weighs in on nasdaq 5000 and why this time is so different from the dotcom bubble 15 years ago. >>> the new way that will allow you to profit from the soaring cost of crude oil storage. >>> and ed lazear joins us live to weigh in on today's jobs number. >>> there is a debate about what the fed will do in response to today's employment report goldman sachs chief economist, jan hatzius, join us here live at post 9 with his take on the jobs number, what it means for the fed and the market. >>> jobs number nonfarm payrolls coming in at 295,000 for the month of february that beat analysts' expectationsen let's bring in senior economics reporter steve liesman to break down the report. >> wrong word not beating, blowing out, as the jobs market seems to be shifting

kayla tausche joins us now with the results. >> the federal reserve finding all 31 global bank holding year's stress tests did have enough capital on hand to weather a depression-like environment without needing money from taxpayers. now, that hypothetical environment included unemployment at 10% the dow below 9,000, real gdp that contracted as much as 6.1%. and of course, these snare knows change each year with fed officials trying to simulate events that they call plausible, but unlikely. this year's test did include an element where default rates for corporate debt shot up widening spreads, impacting volatility and impacting equity prices as well. that placed some new strains on banks with more exposure to capital markets, like the big bulge bracket banks. bank of america, citigroup, jpmorgan morgan stanley, but those are still above the fed's minimum tier one common equity ratio, which was i believe, 4.3% as well as the fed's total risk-based capital minimum. just yesterday, though a research arm of the treasury department criticized the fed's stress test as what they called predic

joining us jon fortt, kayla tausche, we're all back together like a family here at post nine. a, of course, the apple event yesterday in san francisco, jon in barcelona at the mobile world congress. a lot to talk about in tech but markets are the story of the morning. dow down 218, lost gains for 2015 on the dow and nasdaq, on the s&p and the nasdaq's worst day, lowest level since january 27th. joining us is jeff clinetop. good morning to you. >> good to be here. >> a lot of people sort of parsing words here. is this a true sell-off on some of the fed worries and the dollar and so forth or more of a technical pullback? >> i think this is volatility, carl. a dip into negative territory on a year to date basis for the major indices, another first time this year we will see that. volatility is coming back. rate hikes this year, we have wide moves in commodity prices. the dollar political issues with greece and others this year. we will see this volatility. get used to it. >> any reason? i mean, buying a 90% down day has paid off. it's paid off for the better course of a year. is t

jon fortt and kayla tausche. here at post nine. market is interesting. up 176, best day since early february, box, shares of the cloud storage company sliding after the bell when the quarterly results did disappoint. ceo aaron levy took out his frustration on the analysts saying they got the numbers wrong. josh lipton in san jose this morning to sort this out. hey, josh. >> well, carl, aaron levie came out swinging on the earnings call and when i spoke to him last night he told me analysts just got it wrong. box posted a q4 loss of 1.65 on what appear to be the consensus view of a loss of 1.17, but levi says the 1.17 number was wrong because some analysts had set expectations based on the wrong share count and tweeted as much after the call last night. the real consensus estimate, says levlevi, was a loss of $1.. box's results would have looked better. levy pointed out box beat expectations on revenue and billings, still, even if lev vi is right, they will have bigger concerns, forecasting revenue growth of 30% for fiscal year 2016, a big slowdown from t

jon fortt and kayla tausche have things covered back at post nine.e'll get to you in just a few moments. we begin the hour with a special guest joining us here at goldman headquarters, gary cohn, the president and coo of goldman sachs. great to see you you. thanks for having us. >> thank you for being here at our leveraged finance tmt conference. we've got 500 great clients presenting today and i know you've interviewed a few so far and thank you for being here. >> what does it say that you put a whole conference together on leveraged finance in tmt. >> yep. >> what does that say about the time we're in right now. >> it says how important the tmt franchise is to goldman sachs and the economy. technology continues to drove our economy. there's's quite a bit of debt out there. a lot of companies presenting today are established companies, companies that have been in the technology space for 10, 15, 20 years, have enormous amount of debt and continue to borrow in the market to expand their businesses, expanding their business means creating new product

. >> jon fortt and kayla tausche on a pretty good day for the markets not far from session highs.2 points. obviously reclaiming 18,000. s&p reclaiming 2100. nasdaq 5,000, oil getting a rebound as we get option expirations on april and may up about 3%. a lot of these things are working biotech, kayla, continues to be one of the strong points on the promising conference in nice regarding an alzheimer's drug. >> yeah. undeniable moves in the biotech industry led by biib. my favorite proclamation about the market is that it's a windshield wiper market. that was brincidofovir capital titling a note this morning, one day this one, one day that way. every single day seems to erase the day prior. >> you have the quadruple witching, kb homes with a strong placing number with jarred with a turnaround, nike a strong number, a good consumer number which could be helping out a little bit and the dollar took a breather as well. >> yeah. let's get to mary thompson who is watching some of the action on the floor. >> hey, carl. we were up and away early trading. the dow immediately hitting a tripl

jon fortt and kayla tausche with the dow down 211, market day is getting awfully interesting as we continuewatch some that are strength and oil is within about a dollar of taking out its lows for the year. we're going to keep our eye on that. in the meantime we'll talk more about what's going on. where you are, kara, we begin with some talk about apple as well. steve jobs, fast company, releasing a ton of information about apple, ahead of its upcoming biography "becoming steve jobs" according to the bio jobs became close with bob iger at disney. iger recalls, quote, we would stand at a white board brainstorming, talked about buying companies, buying yahoo! together. another excerpt reveals current ceo tim cook tried to donate part of his liver to a sick jobs back in 2009 but jobs refused. quote he cut me off at the legs before the words were out of my mouth. no, he said, i'll never let you do that. i'll never do that. between that, the goldman conference the other day, the call to the jim show last night, a lot of information out there regarding apple right now. >> yeah. they have been in t

and with me as always, kayla tausche. hey, everybody. let's start with news alert on facebook.orting i've learned facebook messenger now has more than 600 million monthly active users from 500 million back in november. this comes as the company is expected to officially turn messenger into a platform during an announcement at the developers conference later today. ceo mark zuckerberg will give his keynote at 1:00 p.m. eastern, 10:00 a.m. pacific. this is especially important, i think, because it shows that facebook isn't just buying growth. of course, instagram was a big win for them before the ipo. whatsapp a year ago has continued to grow. this is organic growth from facebook and adding 100 million users in four months, i mean that's -- >> and taking a line out of the playbook of the asian messenger players, making it a platform, payments, ordering a taxi, potentially shopping as well, they already have stickers in messenger which is similar to what line and we chat do as well. my question, why do it in messenger and not whatsapp? >> i think they're going to actually see prob

jon fortt and kayla tausche. the fed the big strofrt day. take some time to talk tech this morning. for instance, shares of alibaba were trading a little lower earlier today as the first lockup on shares is set to expire after the bell today. about 437 million shares, 18% of shares outstanding, will be eligible for sale. investors hoping to see something like what happened to facebook. back in august of 2012. of course it's now up 260% since that time. but john, others try to argue that coincided with a turn in the ability to hold a good conference call and in the ability to monetize mobile. >> fund misunderstanding of facebook in its potential after it went public, can they figure out this mobile thing. clearly they have. it's not clear that alibaba is facing the same issues. theiry're a company that came t market after a hype and a sobering since how the chinese government is treating it and growth is going to pan out. we'll see. >> it certainly was a bigger company when it went public than facebook. $200 billion market cap. >> massive. >> more mature of a company. ed, there's sti

jon fortt back from time off and kayla tausche at post nine.'s begin with the markets as good as yesterday was, today is basically the opposite image. the dow down about 140 points. haven't been able to put two strong days together all month long. comes one day after all the major averages finished up about 1%. keeping our eye on oil down over 1% again today. actually broke $43 earlier in the morning. kevin, cramer's point this morning is that this is why the market is so tiring for so many people, especially going into a fed meeting where there's a lot we don't know, it's hard to put together a string of sustainable gains. >> so true. we're waiting for them to find out if the fed is going to pull the word patience out of the market and have us worried about rate hikes. i'm fascinated by the move in oil which is, i think, going to get to $35 pretty soon. and, you know, we've really never talked about the impact that's going to have on the rest of the economy outside of the energy sector. this is going to have a profound lift of a lot of input c

kayla tausche in post nine.ay where the market is trying to find its legs again, on-line marketplace etsy filing for an ipo. the company says it intends to list on the nasdaq under etsy. it says it plans to raise up to $100 million in the ipo but could seek more. we talk to the ceo chad dickerson about the responsibility of going public last year. here's what he said then. >> we're not really focused on that right now going public. we want to continue building a strong business. you know, the b corp idea is to generate social good and economic opportunity while running a business and that's what we're really -- we're really good at at etsy. >> been around ten years. the path to the ipo has not been completely smooth. >> it has not been and had we been ten years ago they would have gone public six years ago and everything would have gone great and crashed and we would be back on the right track. >> is this an example of a company going public at the right time in its life span? >> in the current ethos for when yo

joining us jon fortt, kayla tausche, we're all back together like a family here at post nine. sco, jon in barcelona at the mobile world congress. a lot to talk about in tech but markets are the story of the morning. dow down 218, lost gains for 2015 on the dow and nasdaq on the s&p and the nasdaq's worst day, lowest level since january 27th. joining us is jeff clinetop. good morning to you. >> good to be

jon fortt and kayla tausche. here at post nine. market is interesting.rage company sliding after the bell when the quarterly results did

joining me here at post 9, nathan diane and our very own kayla tausche. the first word here on the market. you like the way it's trading or no? >> all of a sudden we don't have the threat of a rate hike. we decided once again when you look at the numbers, the market has decided we're not going to have a rate hike until september. >> is that what today's actions are about? >> the retail numbers said you know something, things are kind of slow. slow is good. bad news is good news. we're not going to have the strong dollar. i think the fed is going to have to wait. >> we have a combination of a couple of things coming into play. first, absolutely the strong dollar is going to negatively impact earnings. even listening to the biggest bellwether companies like apple. number one question analysts have is what is the impact of the ever so strong and growing dollar. the other thing is retail sales. around 10% of all retailers, e-commerce, this means the bad weather cannot account for the dramatic drop that we saw in retail sales. this is going to have to cause th

kayla tausche is here. jon fortt is in barcelona at the mobile world congress.th the markets today. red again as sara and simon just said. biggest two-day decline for the markets since january 27th and 28th. for most of the day, not a single dow component has been in the green. oil, stubbornly hanging on to 50 or at least close to it after an amazing build in inventories and bertha keeping us honest on

kayla tausche is at the big event about details on the highly anticipated and highly staged event. kayla? >> bill sara apple decided to unveil actually a wide array of products today, but, of course the spotlight of today's event given that it was titled spring forward was the apple watch, which was previewed last september but we did start to get the nuts and bolts of exactly what this offering from apple would look like. first, there are going to be three tiers of products. a sport, a regular, and what they're calling addition which will be the high end watches, and those three tiers will be priced starting at $349, $54,549545$549 and $10,000 respectively. battery life is 18 hours and there were quite a few different apps showcased by apple executives on stage today as new developers begin building more apps ahead of the watch's release next month. of course, it didn't take long for comparisons to dick tracy to emerge when executives were using the watch to do everything from ordering an uber to checking into a hotel room. boarding a flight and one executive even remotely closed h

jon fortt and kayla tausche. the fed the big strofrt day. take some time to talk tech this morning.

bill blan ka toe is here and kayla tausche.e have "fast money" trader tim seymour and dan greenhouse. phil i'll let you kick things off as a soccer pun. >> i think it's exciting. if you look at the data every time there's a chance to buy stocks cheap, money comes into the market. you look at this year, equity flows are up significantly, bond flows are not. i think there's a lot better data than the market is being given credit for. >> a lot better data? >> obviously there's a lot of anticipation of what the fed is going to do on wednesday. we've had some volatility lately. we still have the problem that american companies are essentially importing disinflationary pressures on one hand. the labor market is starting to tighten. there's worries unit labor cost especially if productivity growth remabs so weak will start to decline. it shakes out over time but -- >> this is the only time of year we ever talk about productivity. when march madness brackets come out, u.s. workers lose all their productivity. >> the longer this goes on

kayla tausche with the results joining us now. >> kelly, the fed has approved the capital plans for 28 of the 31 bank that is underwent this year's stress test. it rejected deutsche bank and did ask bank of america to resubmit its plan by the end of the third quarter. the firms were notified of the final results this morning. now, the original capital plans submitted by goldman sachs, jpmorgan, and morgan stanley would not have passed the fed's minimum capital levels falling short notably in the column for risk-based capital as you can see on your screen. each of those banks decided to resubmit those plans. they reduced the amount of capital that they plan to return and after doing so they did pass all of the fed's bars. the fed notes that after those resubmicks all 31 banks met the capital requirements on a quantitative basis but the three plans that i mentioned had not been approved were not approved because of what the fed calls qualitative issues. for bank of america, the fed says deficiencies in the way it plans for capital returns needed work but that it shouldn't undermine the s

. ♪ >> good morning, welcome to "squawk on the street" i'm sara eisen with david faber and kayla tausche simon are both off today. let's take a look at the markets. looking at our third day in a row of declines for u.s. stock. the dow is down along with the s&p and nasdaq. crude oil is higher as the dollar continues to correct lower. >> our road map starts with the big deal of the day with kraft and heinz. warren buffett and 3g capital, historic merger of american food companies. >> on that merger, warren buffett speaking to cnbc, hear his take on 3g heinz, and kraft. >> facebook holding its developers conference mark zuckerberg keynote and the stock at all-time highs. some leaks on what to expect. >>> coming up on the show later, charlie ergen, chairman and ceo of dish network, rare and exclusive interview with mr. faber. his first interview, by the way, in over a decade. that will be coming live in a few moments. excited about that. first, we've got to talk about kraft shares. they are absolutely surging. opened up more than 30% after announcing plans to merge with heinz in a deal orch

. ♪ >>> good morning, welcome back to "squawk on the street" i'm sara eisen with kayla tausche and davida look at markets we flipped into positive territory for the dow s&p and nasdaq. still they have been down every session this week. the nasdaq heading for its worst week in five months. wti crude and brent reversing yesterday's sharp gain. both up more than 10% for the week. >> a big show for you this hour. let's get to the road map. dow chemicals splitting off and selling one of its units. jim cramer will talk to chairman and ceo andrew liveris in a first on cnbc interview coming up in a few minutes. >>> plus the euro almost at parity with the u.s. dollar which should make it an ideal time to go on a shopping spree in europe but the deals might be harder to find. jim stewart just got back from europe, he'll talk fashion and currencies. >> blackrock's cio of fixed income will join us live to weigh in 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

i'm sara eisen with david faber and kayla tausche, live at post 9 at the new york stock exchange.ith the dow down over 80 points. earnings in focus, obviously. also watching oil, increased violence in the middle east. wti crude is up more than 2%. >>> let's get to our road map for the morning. twitter launching its own competitor to mere cat, but will periscope measure up? we'll give it a test. >>> oil prices bouncing back west texas crude, up more than 8% since just monday. but are gains only temporary. >>> the one and only art cashin navigates the big market moves. >>> let's start with the market across the board. u.s. stocks tumble a fourth da in a row. oil prices surging after saudi air strikes if yemen, with wti past $50 a barrel again. joining us chad morganlander and scott brown, chief economist at raymond james, to talk about the soft data in the u.s. a number of worries now. talking earnings and guidance coming in below expectations. it doesn't help to have geopolitical concerns back at the front end. >> it's convergence as well as valuation of the s&p 500 everybody and t

kayla tausche is here along with the ceo of nxp. >> good morning.re happy to have the ceo with us fresh off of the conference call this morning, talking to investors. an $11.8 billion deal one of the biggest ever in the semi space. i'm wondering how long did this take to come together? why did this happen now versus any point in the last few years? >> you know the real opportunity is with the progress that we've made over the last few years with our capital structure gave us the ability to think about much more significant transactions to really bring together a true powerhouse in the industry. and so that's what allowed us to really be able to do this. >> a lot of the investor discussion this morning centered on synergies. you've called for $200 million in year one, $500 million after that. and then potentially revenue synergies down the line. how feasible are those targets to hit? >> so it's very clear, it doesn't require a lot of hard work. it's more support and g&a functions. it's not really anything that's significant, any program killing. it's

our own kayla tausche and jon fortt. welcome from destination wolf management.dami, a great group here. i'm glad everybody is with us. dan, is this just a one-day snapback because of a rocky week or manage? what do you think is going on? >> listen we're up two days. a lot is being made that this is the first two-day gain. and however long that's been that's really irrelevant. this was spurred in part on government stimulus as art cashin just talked about in the last session. you had stimulus potentially out of china. janet yellen and ben bernanke gave dovish leaning. you had an enormous amount of mna today. there is fewer companies, less stock, and that ultimately is helping. >> and the boom, kayla? >> not necessarily. but when you get stocks at levels like these, levels like we closed at the end of the year, you get companies that want to start using their stock as currency. that's a little bit of what we saw as well as companies looking and saying we don't know how long yields would be this low. let's try and borrow and do a deal. what i was hearing from trade

kayla tausche is here to break it down. >> good morning. 29 out of 31 did receive no objection from thet big banks barely squeezed by. goldman sachs, jpmorgan, and morgan stanley all had to lower their planned returns to shareholders. otherwise they wouldn't have met requirements. the culprit was a shock to the six biggest banks that included a sharp rise in corporate bankruptcies. bank of america had enough capital on hand but the fed found deficiencies. b of a was to initiate a $4 billion buyback. but the fed could freeze that. citigroup citigroup, the only bank that had no issues. citi had committed $180 million to the stress test process after failing last year. shareholders are now rewarded with a 5 cent dividend and a $7.8 billion buyback. two did fail. deutsche bank on its first time taking the test. and santander. examiners plan to give more details on what they need to improve. andrew? >> appreciate it. >>> united technologies set in just a few hours. investors and analysts will be listening closely for changes in strategy now that the new ceo of greg hayes has a bit under his

i'm david faber with simon hobbs and kayla tausche, live from the new york stock exchange.perhaps what may be a bit of a down open there. as for crude oil, what's the story there? we like to look because, of course, it is so important to markets over the last few months. down yet again. but right around that $50 mark. ten-year that may be perhaps the story of the morning, at least it was