larry kudlow, good to see you. >>> the gold market's closing now. we have a rally, let's see where the gold market sits right now. it's up about 9 bucks on the trading session. we have a better than 1% advance, 1.5% advance in the silver market on the trading session. and ty, up to you. >> sue, thank you very much. >>> nasdaq, the big winner today. up about a percent in today's rally. seema mody following the big movers out there. seema? >> hi, tyler. well, the headlines out of europe are certainly providing a nice lift to stocks. the nasdaq, remember, any macroeconomic concerns whether it be ukraine or the ecb decision, typically never good for technology stocks which is seen as a risk-averse sector. but tech stocks in today's trade moving to the upside. in fact, amazon, the biggest mover on the nasdaq 100, the biggest winner i should say on the nasdaq 100, excitement ahead of its product announcement on june 18th. speculation it may be a smartphone. whole foods, illumina. old tech, microsoft moving to the upside. the plans for the company, focus o

barney frank and larry kudlow weigh in.that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back. you're looking at capitol hill. we're about 15 minutes away from an historic announcement. the house majority eric cantor unseeded by a challenger in the primary apparently for the first time ever, about to announce that he'll in fact be stepping down from that leadership position. we'll take that live as soon as it happens. meantime, we'll send it out to dominic chu who has an earnings alert for us. dom. >> watching shares of restoration hardware which is speaking up about 9% in early after-hours trading, this after the home furnishings retailer

coming up on "closing bell", kelly will be joined by none other than larry kudlow and barney frank, a twofer. will you get a word in? >> hello. we've been talking about virginia all week, but never expected something like this to come out of our home state. now everybody is trying to figure out what happened to the seventh district and for the mid terms that are looming, even for the presidential elections. one of our viewers said, after hearing from dave brat call into "squawk on the street", he said he thought it sounded like a young larry kudlow. >> i don't know if you talked to your folks. i called my dad, he's not in the 7th district, but was keenly watching this. he sort of said, i kind of anticipated it. >> you were -- used dad anticipated this. >> they were tired of eric cantor at new york city steakhouses not in the district. >>, they were writing last month this could happen, about you for most people you could tell how much of a surprise it was, when i turned on the news, most people were still trying to mobilize resources to cover the story. >> that's a margin of 34%. >> t

who better to bring in than our own contributor larry kudlow. larry, all those things and other stuff. what are you focused on right now? >> you know, it's funny. i'm more focused on the economy, probably because i don't understand this iraq story. i want to come back to it with regard to oil, but let me make this point. i do not see a recession for quite some time. abbess it the economy will expand slowly, subpar, for several years, and i say that in a timely way, i hope, because of the fed meeting today. the fed is signaling, we are not going to a 4% target rate, whether it's a reverse rp or what you have they use. we won't go to a normal target rate. i think in a medium growing economy, that is correct. so here's my thought. just a simple thought. you dpra el or disagree. in the next two years, ten-year bond rates go to 3.5 to 4, that's roughly the growth in gnome nat gdp, and the short-term rate goes to about two. bottom line -- we've never had a -- without an inverted yield curve. i think the fed will consciously stay away from such a thing

larry kudlow says the agency amounts to corporate.tes may be raised sooner than expected. we'll be right back. >>> let's head out. bertha, what's happening? >> a big activist investment firm. according to reports, it's taken an 8.5% stake, dividing the company into two according to reports. it's the latest effort to try to bolster those companies. they're arguing that manitowoc who makes food service machines and others are separated. you can see the shares are jumping after hours by 12%. >> that's certainly going to turn up the heat on management, thank you. >>> speaking of turning up the heat, they have a new target. the export/import bank that finances businesses overseas is under fire. the tea party accusing the agency of doling out favors to wealthy u.s. companies. several officials have lately been suspended or moving amid allegations of gifts and kickbacks. should it be shut down or is it vital? >> let's bring in larry kudlow and the panel. is it lights out? >> gee, i hope so. get rid of it. the tea party is exactly right. you'

larry kudlow is here for 30 minutes. and you all know larry. >> great to be here. >>. >> looks good. >> i feel great. >> we are going to look at the markets. equity futures have been indicated higher. dow futures up by close to 16 points. s&p up by a half. nasdaq by 3 points. overseas if asia, if you watch the markets there overnight, they closed slightly lower. we are talking seriously slightly for the nikkei. down 2 points. half percent in shanghai. there are green air roys. the biggest gainer could be in spain, 1.4% for the ibex. joe? >> in less than 30 minutes, we will be getting those nonfarm payroll numbers. jobs friday panel of experts. joining us on set is larry kudlow from orlando. mark zandi, chief exist at moody's. and jared bernstein, senior fellow on budget policy and priorities. and former chief adviser to vice president biden. cnbc contributor. do you think 210 will be tough to do? are we surprised? >> i'm a little bit on the under. yes, the adp. i'm looking at the isms and the employment components were below. both of them. manu

kevin will rejoin us to tell us more and larry kudlow will weigh in.ible combo. >> and from luxury goods, gucci at top of that heap. coming up gucci's ceo gives us a rare interview on luxury shoppers and where in the world they are flashing those bundles of cash these days. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. welcome back. "shark tank's" kevin o'leary made a very bearish call on housing yesterday on this program. take a listen. >> i don't care when you paid 200 million or $200,000 for your home, this will be a kraep investment for the next five to ten years. no capital appreciation on this asset. rising rates are going to kill real estate. rent. do not buy any of this stuff. >> kevin, use those technical terms about -

. >> boy are we going to get it from larry kudlow. you have to admit, come on, her hard drive crashes and then it's recycled. this does not smell right here. >> i admit that. but let me say this. >> however, what you saw today was pure unadulterated political theater. regarding the irs. and that is this institution to collect the revenues that it needs to collect. we're asking to do a political dance. >> you're giving us a distraction. you have got guys like paul ryan and dave camp and kevin gray who are furious. these are low key measured guys. i know them all. i have been on this show many, many times. the irs has no credibility. you know what this is? this is real simple. the dog ate my home work. the dog ate the home work of the other seven people involved. the irs has consistently misled this committee. i think that dave camp is right. it is time to have a special prosecutor because unless you take a. >> those of us here at nbc are always told. >> every backed up hard drive ever. >> by law, the irs is there. that's why paul ryan

>> larry kudlow, the other larry, go to 0 for taxation, this is not an issue. >> that won't happen, go to 20%, and that makes us at least competitive. >> that's not happening either. >> no, it's not. >> make sure you join us tomorrow." squawk on the street" is next. >>> good tuesday morning, welcome to "squawk on the street," i'm simon, and s&p numbers out on a big week for housing this week, the numbers on the screen, and talking with robert schiler in a moment, the dow's winning streak is broken, futures are soft, people talking about 6% drop in dubai overnight, ten year under 26, and europe is mixed, german business sentiment disappointing. road map like this, breaking news across the pond, news editor, rebecca brooks found in the guilty in the phone hacking case, but far from over. >> the nation's largest drugstore results fall short of estimates. >>> a new milestone for cystic fie bro sis, shares shore after a late stage trial succeeds, but can it pass? we have a live report. >>> former news of the world editor, rebecca brooks, found not guilty of the phone hacking conspiracy. we

amounts to an inversion of the yield curve, we're going to be bad, taking this from my old friend, larry kudlowan cause that? it's the fed. i also think that a lot of the inflation data points are so related to weather. now, weather, again, talking about poultry, protein, limes, so many instances of what's going wrong, that i don't want the fed to react to one-time only inflation and instead focused on jobs, but you bet we ought to listen, you bet we do. >> the -- what can i take away from fedex? they have results at each quarter. you know, they can be really good and really bad it seems like, but -- >> when you see revenue up 8%, which we've been waiting for, and revenue up 12%, it says that those who are gloomy about the economy, you're going to have to deal with the numbers. i mean, it's so hit or miss, i had a ceo on last night trying to figure out if the economy is good at all. they have divisions that have not done well. it is so hard. we know fedex is a well-run company, and we know they have an an economyist at the top. this is irrefutable evidence that it's better. >> jim, joe was talk

. >> larry kudlow, the other larry, go to 0 for taxation, this is not an issue. >> that won't happen,ompetitive. >> that's not happening either. >> no, it's not. >> make sure you join us tomorrow." squawk on the street" is next. >>> good tuesday morning, welcome to "squawk on the street," i'm simon, and s&p numbers out on a big week for housing this week, the numbers on the screen, and talking with robert schiler in a moment, the dow's winning streak is broken, futures are soft, people talking about 6% drop in dubai overnight, ten year under 26, and europe is

market reaction and more with larry kudlow. "squawk box" will be right back.faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. . >> welcome back, everybody. steve liesman has been monitoring mario draghi's comments and joins us with an update. >> the question how he's doing relative to market expectations. we gauged those market expectations in our cnbc fed survey ecb edition and people were looking for a bunch of these things but not everybody was looking for the whole panoply, the whole plan that's come out and i think draghi has exceeded expectations. the reviews i'm getting in, like kind of like film reviewers coming in right now are pretty pishl. says draghi has announced a package of credit easing me