klaus, welcome back. good to see you. >> hello, hello, kelly. let's begin on the revenue side. softer relative to expectations. is that because of oil and gas activity? >> no really let's characterize the quarter. i think you see it's a strong operational performance on the quarter and the transformation is really well on track. looking at the revenues revenues year on year up 7%. mainly driven by organic growth in the auto as well as in the air row sector. that's what's happening. then when you lift the hood on the profit side you see a record performance on the upstream side again super good first quarter and you see a very, very good performance on the down stream side. then you look at the transformation, you see integration well under way. rti going in the right direction. and then we transform the upstream portfolio, make it more competitive, and i think this shines through very very nicely in this first quarter. >> and klaus, i'm glad you brought up this point about the upstream business. as you have transformed this company into much mor

tom: klaus regling is a name that many americans do not know.many and for europe, he is the managing director of the european stability mechanism. this is an important conversation today with greece -german yields widening out. before greece you agree these meetings are to gloomy. why are you more optimistic than so many in washington? klaus: let me also emphasize the imf said for the first time in six years that the risks for the world economy are balanced. we got used to the last six years, the risks are on the downside. now the risks are better. so gloomy may be when people look at long-term growth projections. growth will be less than the past. that indeed i don't find so convincing because there are some good reasons why that is the case. the last 50 years, up to the crisis, we saw strong growth for good reasons. like the opening to globalization, world trade expanded every year much more than gdp growth. world trade negotiations successfully concluded. we had a big one off including women in the labor force. then there is the batteries in.

people have to understand klaus kleinfeld fundamentally changed his company.t doesn't mean six months from now when the titanium deal closes you're looking at aerospace and lightweight play that has other stuff you don't like. >> we'll get cramer's "mad dash" as we count down to the opening bell. one more look at premarket on what's a busy morning. more "squawk on the street" from the nyse straight ahead. let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over

klaus is getting ideas.hrough the edward snowden thing as a classic example. >> yes. take you through it? >> what did you want to accomplish? is it something you want do again? >> yeah, i'd love to go back again it was such a pleasant experience being in russia. it was just -- i wanted to -- what he reveals is so incredibly interesting and it's not being communicated very well and so we wanted really to examine that and so that's what we tried to do with him over a long long interview. >> but the interview was devastating. i know it was humerus, but it was devastating because it was incisive. it was more than entertainment. >> yeah. i didn't really want to devastate anyone but we came up with a very, very serious construct to communicate which i probably can't say at this point in the morning. it was about south of the man's waist area and what the nsa program can do regarding photographs of said region. >> i call that devastating. >> pretty devastating on a moral level. >> what was he most disturbed about t

. >> reporter: bill still be breezy and spotty klaus tomorrow and a little drizzle in here as well in the bay area and a look but and i had to the rest of the week the headline is cooler through friday but the weekends also milder temperatures. the wind speeds are breezy right now for the east bay and delta including fairfield at 24 mi. per hour and 60 mi. an hour in oakland. 16 mi. an hour in oakland. as your waking up in going out the door look for a cloudy conditions for your morning commute and then maybe some wet roads to. lunched i need to see the clouds a start in trying to break up. but with the heart of the bay would generally see partly to mostly cloudy conditions. >> reporter: santa rosa has the possibility of showers tomorrow afternoon. for the rest of the bay area and would just be cloudy overnight mel's a not to chilly may low '40's the upper '40's low 50s. in a little milder first livermore low 75. storm tracker floor around the bay is a little milder tomorrow we cool things back down again for thursday and friday below average temperatures but the weekend should be a l

i also want to mention our observer klaus in antioch.o breeze and 63 degrees. there is a breeze out to parts of the valley. yesterday the high was only 72. today we're bumping up 14 degrees. so starting off 63 is pretty mild. that someone of the warmer locations. 20s up in the mountains. vacaville is reporting a little bit of a valley breeze. high pressure winning out today. it will be a warm monday. it will be nice to warm for everybody. there is a slight component of an offshore freeze. remember that is the direction the wind is coming from. usually around here it's west to east. above normal temps today. that is a lot of 80s through the interior. 60s and 70s by the waters edge. there will be mid to upper 70s and low to mid 80s. again a pretty good jump here. on saturday we had lots of 60s. here we are rocketing up 220 degrees. this looks to be the warmest day of the week. a little cooler tuesday and wednesday and sunshine and warmer temps. >>> if you live in the city you know those alphabet parking stickers. there is concerns over the

klaus kleinfeld had two problems with his reinvention book.lcoa was a much more troubled company, with much more value added than it looked. global growth his a wall from the great recession. while the u.s. is recovered, two other key markets, europe and china, both got very tough. in europe where demand slowed dramatically alcoa had incredibly high cost inefficient production abilities where it isn't all that easy to fire people. >> china became fixated in putting people to work pretty much at any cost regardless of the pollution. their aluminum particularly the dirt old state-run facilities employ a ton of people. they didn't need the world's aluminum, let alone alcoas. it became a proxy for slow growth and pet againstbet against the metal's value. the transformation that dupont, dow, ppg have managed to pull off became a her kuehl yan task for kleinfeld. he has been getting it right. negotiating everywhere he can to close out more expensive facilities to move down the cost kur curve. last year, dramatic shifts where it is almost forbidden t

that shot was jack nic klaus -- hole in one. brendan: the golden bear. olivia: the golden bear. his first ace at augusta. brendan: there are a whole generation of people watching it saying, of course. olivia: those are your top headlines. brendan: listen to her speak of the eight iron, as it is -- as if it is a thing that we know of. olivia: my father has had three holes in one. brendan: all right. from the golf course to london. alexis tsipras is return from moscow. his finance minister is in paris. the country will pay the imf half $1 billion. jonathan ferro joins us from london. can greece make its own pension payments this month? >> that is a big question, isn't it? you still have to meet the payments for salaries, pensions. it is unknown whether they can do that. you have to navigate all of these things leading up to that eurozone creditors meeting on april 24, where they need to unlock more aid. it is groundhog day in europe. the fact that they 450 million euro payment to the imf was in doubt gives you a look at the scale of the mess that that country is in. olivia: there

and alcoa's ceo, klaus kleinfeld will have his reaction to the numbers and his outlook. that's today on the closing bell at 4:00 eastern. sarah. >> all right. breaking news in the bond market right now, tyler. ten-year notes this time up for auction. rick santelli tracking the action at the cme group. what's the demand look like rick? >> well, sarah, the demand in great form. it's straight up 1:00 eastern on this dutch auction. c for charlie. about as average of an auction with regard to demand as you'll find. it's actually nine-year ten-month. this is the last reopening, the second for ten-year notes. auctioned a couple of months ago. yield at auction 1.925. 1.925. it was tight. 2.62 on bid to cover. $2.62 of investor money. every dollar is worth the securities for sale. very average. 58.5 on indirects. a little stronger but 9.3 on directs was a little weaker. it's a hook. keep in mind to o this ten-year they need the collateral. i'm surprised i'm finding bigger demand. tomorrow will be the last of them with 30-year bonds. $13 billion to be exact. sarah, it's all yours.

in presenting the atlantic council award to you madam lagarde, world economic founder klaus schwab saidi would define a leader with four characteristic. to have a soul, to have a heart, to have brains and to have good nerves. leaders by and large don't get to choose the challenges they face. they only choose how they address the challenges. and how you have done so in your time at the imf has been remarkable. we look forward to hearing opening comments today on the state of the global economy and how we might best address the most pressing challenges. we at the atlantic council often speak of how we together as the atlantic community alongside our like-minded global friends confronted to find a moment in history perhaps as pivotal as 1918, 1945 or 1989 when decisions of leaders like yourself and that the member countries to represent have outsized importance. so as i turned the podium to you, but they paraphrase clouse raub and thank you for making all the personal sacrifices the public service requires that such challenging times and using his words come to see what your soul, your bra

. >> klaus kleinfeld talked to us. we're going to look to that bill not because alcoa necessarily should be a barometer, but because it so often is. >> down 6%. the worst performer in the s&p 500. we're not exactly off to a great start in the earnings season that didn't have very high expectations anyway. >> deal-making activity for the year. talk about the fastest pace we've seen pretty much in history. $100 billion announced in just the last 24 hours coming into today's session. so we've certainly got our eyes on that one, too. >> we do. >>> coming up here constellation brands is one of the winners, and that's after the wine beer and liquor company reported better than expected earnings and announced, get this its first dividend since going public 42 years ago. >> so what's driving constellation's growth right now, and more importantly, what took so long to pay that dividend, rob sands? that will be one of our first questions for the ceo coming up in a little bit here. >>> and jamie dimon defending the bank's size an

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